MIRA
INFORM REPORT
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Report Date : |
14.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
KRISHNAS OF LONDON |
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Registered Office : |
289 Green ST, London E13 9AR |
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Country : |
United Kingdom |
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Date of Incorporation : |
01.04.1995 |
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Legal Form : |
Partnership Concern |
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Line of Business : |
Retailers of women’s and children’s clothing. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
£10,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Name
KRISHNAS OF LONDON
Risk Evaluation
Failure Score 75
Delinquency Score 13
Maximum Credit £10,000
Identification
Main Trading
Address 289
GREEN ST
LONDON
9AR
UNITED
KINGDOM
Telephone
Number 020-8503-4162
Fax
Number 020-8551-7577
ID
Number 21-120-9674
Line of Business (SIC) WOMENS
CLOTHING RETAILERS (5621)
CHILDRENS CLOTHING RETAILERS (5641)
Legal Events
Number of Court Judgments 0
Value of all Court Judgments 0
Number of Mortgages and Charges 0
Associations
Parent Company No
Number of Principals 2
RISK OF BUSINESS FAILURE: LOWER THAN AVERAGE
Maximum Credit £ 10,000
Maximum
amount on monthly open credit terms.
Failure Score 75
out of 100
25%
of UK businesses have a lower risk of failure.
Delinquency Score 13
out of 100
87% of UK businesses
have a lower risk of paying significantly late.
s
Delinquency Score predicts the
likelihood that a business will pay delinquently (90 days+) within the next 12
months
Main Influencing
Factors for Risk Evaluation
- There are few or no negative lead up events associated witsh the
principals of this business.
- This is an average risk industry sector.
- We do not hold financial information on this business or it is out
of date.
- We do not have trade data on this business.
- There are no outstanding CCJs or Scottish Decrees for this business
or they are not material to the risk assessment.
Payment Industry
Comparison
Shown
below is an industry comparison based on the 5,977 other businesses
in same industry group as KRISHNAS OF LONDON where the agent has payment
experiences.
Industry Payment
Behaviour
Upper quartile
(top 25%) pays
within terms Paydex of 80
Median (middle
50%) pays 6
days beyond terms Paydex of 76
Lower quartile
(bottom 25%) pays 21
days beyond terms Paydex of 62
Public Notice information is added to the Database and, if
present, will appear in this section.
Judgements
|
Year |
Total
Judgments |
Total
Value |
Closed
Judgements |
Value
(Closed) |
|
2008 |
0 |
0 |
0 |
0 |
|
2007 |
0 |
0 |
0 |
0 |
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2006 |
0 |
0 |
0 |
0 |
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2005 |
0 |
0 |
0 |
0 |
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2004 |
0 |
0 |
0 |
0 |
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2003 |
0 |
0 |
0 |
0 |
|
Total |
0 |
0 |
0 |
0 |
Number of registered
charges: 0
Legal Filing Summary
All public notice information has been obtained in good faith from
the appropriate public sources.
- Mr Jai Aggarwal, Partner
No other current associations
- Mr Santosh Aggarwal, Partner
No other current associations
Legal Structure
Legal
Form Partnership.
Date
Started 01 Apr
1995
Operations
|
Operating
as |
SIC Code |
NACE Code |
UK SIC
Code |
|
WOMENS CLOTHING RETAILERS |
5621 |
52.42 |
52.423 |
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CHILDRENS CLOTHING RETAILERS |
5641 |
52.42 |
52.422 |
Retailers of women's and children's clothing
Other Operating
Details
Employees 4
Banks
|
Name |
Address |
Bank Sort
Code |
|
Lloyds Bank PLC |
- |
30-94-51 |
During our investigation:
- Mr Jai Aggarwal confirmed general details in this report.
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)