MIRA
INFORM REPORT
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Report Date : |
21.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
DESMOND PHILIP |
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Registered Office : |
45 Belyn St London Dundonald Belfast |
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Country : |
United Kingdom |
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Date of Incorporation : |
1988 |
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Legal Form : |
Sole Proprietorship. |
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Line of Business : |
Wholesalers of Mens and Boys Clothing |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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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 : |
£ 22,500 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name of the company
DESMOND PHILIP
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 1
Identification
Trading Style Desphilip Enterprise
Main Trading
Address 45
BELYN ST LONDON
DUNDONALD
BELFAST
UNITED KINGDOM
Telephone Number 07024-034854
ID Number 21-121-0152
Line of Business
(SIC) MENS
& BOYS CLOTHING WHOLESALERS (5136)
WOMENS & INFANTS CLOTHING WHOLESALERS (5137)
Risk Assessment
RISK OF BUSINESS FAILURE: HIGHER
THAN AVERAGE
Maximum Credit
£ 22,500
Maximum amount on monthly open credit terms.
Main Influencing Factors for Risk
Evaluation
§
This is a lower risk industry sector.
§
There are a reasonable number of principals associated with this
business.
§
We do not hold financial information on this business or it is out of
date.
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We do not have trade data on this business.
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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 2,302 other businesses in same
industry group as DESMOND PHILIP where the agent has payment experiences.
Industry Payment
Behaviour
Upper quartile
(top 25%) pays
within terms Paydex of 80
Median (middle
50%) ays 8
days beyond terms Paydex of 75
Lower quartile
(bottom 25%) pays 20
days beyond terms Paydex of 63
Public Notice Information
Public Notice information is added to the agent’s Database and, if
present, will appear in this section. This section was last updated from
public sources on 21 Feb 2008.
Judgements
Year Total Judgments Total Value Closed Judgements Value (Closed)
2008 0 0 0 0
2007 0 0 0 0
2006 0 0 0 0
2005 0 0 0 0
2004 0 0 0 0
2003 0 0 0 0
Total 0 0 0 0
Mortgages and Charges
Number of registered charges: 0
Legal Filing Summary
All public notice information has been obtained in good faith from the
appropriate public sources.
Current Principals
To gain additional insight into the principal(s) of this business, conduct a
consumer credit search.
Mr Desmond Philip, Proprietor
No other current associations
Legal Structure
Legal Form Proprietorship.
Date Started 1988
Operations
Operating as SIC
Code NACE Code UK SIC Code
MENS & BOYS
CLOTHING WHOLESALERS 5136 51.42 51.429
WOMENS & INFANTS
CLOTHING WHOLESALERS 5137 51.42 51.429
Importers and exporters of fashion wear
Other Operating
Details
Employees 22
Management Comments
During our investigation:
§
Mr Desmond Philip 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%)