MIRA
INFORM REPORT
|
Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
WILLIAM HARE LIMITED |
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|
|
|
Registered Office : |
Brandlesholme Ho, Brandlesholme Rd, Bury, Lancs BL8 1JJ |
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|
Country : |
United Kingdom |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
08/10/1945 |
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Com. Reg. No.: |
00399212 |
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|
Legal Form : |
Private Limited Liability Company (GB) |
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|
Line of Business : |
Structural steelwork fabricators and erectors |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
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|
|
|
Litigation : |
Clear |
Company Identification Details
|
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|
|
Subject Reported on |
WILLIAM HARE LIMITED |
|
Holding Company |
WILLIAM HARE GROUP LTD |
|
Ultimate Holding Company |
WILLIAM HARE GROUP LTD |
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Trading Address |
BRANDLESHOLME HO,BRANDLESHOLME RD,BURY,BL8 1JJ |
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Telephone |
0161-609-0000 |
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Very Low Risk - There is every confidence this company
will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 2,234,100 |
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|
Selling to this company? The Credit Limit is the recommended
maximum outstanding debtor exposure at any one time. |
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|
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Contract Limit |
GBP 23,417,800 |
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|
Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
00399212 |
|
Date of Incorporation |
08/10/1945 |
|
Registered Office |
Brandlesholme Ho, Brandlesholme Rd, Bury, Lancs BL8 1JJ |
|
Date of Last Annual Return to Registry |
05/11/2007 |
|
Activities |
Structural steelwork fabricators and erectors
|
|
Accounts |
The last filed accounts cover the period to 31/12/2006 and
were filed on 30/10/2007 |
Recently Filed Documents
Details of the most recent documents
|
Date
Received |
Description |
|
05/11/2007 |
Annual Return |
|
31/12/2006 |
Financial Statement / Set of Accounts |
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
|
|
|
|
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DIRECTOR |
|
|
|
Occupation |
ENGINEER |
|
|
Address |
REDTHORNE PRINCESS ROAD , LOSTOCK , BOLTON
, BL6 4DS |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
25/12/1918 |
|
|
Appointment Date |
05/11/1990 |
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|
Other Appointments |
CALIFORNIA ENGINEERING COMPANY LIMITED, CELLSHIELD
LIMITED, SADLERS (LYTHAM) LIMITED, WILLIAM HARE GROUP
LIMITED, WILLIAM HARE LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
CONFIDENTIAL SECRETARY |
|
|
Address |
REDTHORNE PRINCESS ROAD , LOSTOCK , BOLTON
, BL6 4DS |
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|
Country of Origin |
BRITISH |
|
|
Date of Birth |
27/09/1923 |
|
|
Appointment Date |
05/11/1990 |
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|
Other Appointments |
WILLIAM HARE GROUP LIMITED, WILLIAM HARE LIMITED |
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|
DIRECTOR |
|
|
|
Occupation |
DIRECTOR |
|
|
Address |
RANTS FARM , OLD KILN LANE BELMONT ROAD
, BOLTON , LANCS , BL1 7PY |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
02/06/1948 |
|
|
Appointment Date |
01/10/1998 |
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|
Other Appointments |
ADVANCED 3D TECHNOLOGIES LIMITED, CALIFORNIA
ENGINEERING COMPANY LIMITED, CELLBEAM LIMITED, CELLSHIELD
LIMITED, FABSEC LIMITED, GOLDEN WOOD INVESTMENTS LIMITED, HARE
MECHANICAL SERVICES LIMITED, LANCASHIRE COUNTY CRICKET CLUB
LIMITED, LANCASHIRE COUNTY CRICKET CLUB TRUST, MOSSWOOD GROUP
LIMITED, MOSSWOOD PROPERTIES LIMITED, WATSON HARE
LIMITED, WESTBURY STRUCTURES LIMITED, WILLIAM HARE GROUP
LIMITED, WILLIAM HARE LIMITED, WILLIAM HARE SCARBOROUGH LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
DIRECTOR |
|
|
Address |
HILLSIDE COTTAGE , BIRKBY HILL CARR LANE THORNER
, LEEDS , LS14 3HG |
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|
Country of Origin |
BRITISH |
|
|
Date of Birth |
23/06/1950 |
|
|
Appointment Date |
22/04/2002 |
|
|
Other Appointments |
CALIFORNIA ENGINEERING COMPANY LIMITED, CELLBEAM
LIMITED, CELLSHIELD LIMITED, MANCHESTER PROFESSIONAL SEMINARS
LIMITED, MOSSWOOD PROPERTIES LIMITED, WATSON HARE
LIMITED, WESTBURY STRUCTURES LIMITED, WILLIAM HARE GROUP
LIMITED, WILLIAM HARE LIMITED, WILLIAM HARE SCARBOROUGH LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
ENGINEER |
|
|
Address |
31, CLITHEROE ROAD WHALLEY , CLITHEROE
, LANCS , BB7 9AD |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
25/03/1952 |
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|
Appointment Date |
01/06/1998 |
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Other Appointments |
WILLIAM HARE LIMITED |
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|
DIRECTOR |
|
|
|
Occupation |
COMMERCIAL DIRECTOR |
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|
Address |
4, COPSE CLOSE , POOLE , DORSET
, BH14 8AW |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
30/12/1957 |
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|
Appointment Date |
01/01/2003 |
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Other Appointments |
WILLIAM HARE LIMITED |
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|
DIRECTOR |
|
|
|
Occupation |
ENGINEER |
|
|
Address |
65, SAXBY AVENUE BROMLEY CROSS , BOLTON
, BL7 9NX |
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|
Country of Origin |
BRITISH |
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|
Date of Birth |
12/01/1959 |
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|
Appointment Date |
01/01/2006 |
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|
Other Appointments |
CELLBEAM LIMITED, WILLIAM HARE LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
CHARTERED ACCOUNTANT |
|
|
Address |
23, MILL VIEW LANE HORWICH , BOLTON
, BL6 6TL |
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|
Country of Origin |
BRITISH |
|
|
Date of Birth |
06/10/1957 |
|
|
Appointment Date |
09/10/2006 |
|
|
Other Appointments |
CALIFORNIA ENGINEERING COMPANY LIMITED, CELLBEAM
LIMITED, CELLSHIELD LIMITED, GOLDEN WOOD INVESTMENTS
LIMITED, HARE MECHANICAL SERVICES LIMITED, SADLERS (LYTHAM)
LIMITED, WESTBURY STRUCTURES LIMITED, WILLIAM HARE GROUP
LIMITED, WILLIAM HARE LIMITED, WILLIAM HARE SCARBOROUGH LIMITED |
|
|
SECRETARY |
MR ROBERT REDGATE |
|
|
Address |
23 MILL VIEW LANE, HORWICH , BOLTON
, LANCASHIRE , BL6 6TL |
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|
Country of Origin |
BRITISH |
|
|
Date of Birth |
06/10/1957 |
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|
Appointment Date |
09/10/2006 |
Recently Resigned Directors (last
3)
|
|
|
|
DIRECTOR |
DAVID JOHN STANSFIELD |
|
Occupation |
ACCOUNTANT |
|
Address |
31 , WOOD LANE , CHORLEY , LANCS
, - - |
|
Country of Origin |
BRITISH |
|
Date of Birth |
18/01/1947 |
|
Resignation Date |
31/05/2007 |
|
DIRECTOR |
JAMES ANTHONY MORGAN |
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Occupation |
CHARTERED SURVEYOR |
|
Address |
2 , ALSTON COURT , PRESTON , - - |
|
Country of Origin |
BRITISH |
|
Date of Birth |
25/02/1956 |
|
Resignation Date |
04/04/2007 |
|
DIRECTOR |
DAVID GOLDEN |
|
Occupation |
DIRECTOR |
|
Address |
BROOK HOUSE , SPENCER MEWS , MACCLESFIELD
, CHESHIRE , - - |
|
Country of Origin |
BRITISH |
|
Date of Birth |
01/09/1939 |
|
Resignation Date |
11/05/2006 |
Share Summary
|
Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
|
|
|
|
|
|
WILLIAM HARE GROUP LTD |
ORD |
25,000 |
25,000.00 |
100.00 |
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Mortgages and Charges
|
|
|
|
Total Registered |
10 |
|
Total Outstanding |
2 |
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Total Satisfied |
8 |
|
Most Recent Mortgage |
30/01/2006 |
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|
|
|
Date Registered |
02/02/2006 |
|
Type |
395 |
|
Date Created |
30/01/2006 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY OR THE
GUARANTOR TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
17/06/2005 |
|
Type |
395 |
|
Date Created |
15/06/2005 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FH LAND AND BUILDINGS ON WEST SIDE OF DUNSLOW ROAD
EASTFILED SCARBOROUGH |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
15/05/2002 |
|
Type |
395 |
|
Date Created |
08/05/2002 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LAND TO THE WEST OF DUNSLOW ROAD SEAMER SCARBOROUGH AND LAND
LYING TO THE NORTH OF DUNSLOW ROAD SCARBOROUGH NORTH YORKSHIRE TNOS NYK95716
AND NYK244333 |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
09/03/2000 |
|
Type |
395 |
|
Date Created |
03/03/2000 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
BRANDLESHOLME HOUSE BRANDLESHOLME AND LAND LYING TO THE
EAST OF BRANDLESHOLME ROAD BURY GREATER MANCHESTER TNOS: GM817366, GM817364,
GM817368 |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
16/02/1996 |
|
Type |
395 |
|
Date Created |
08/02/1996 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FIXED CHARGE OVER THE DEPOSIT(S) BEING ALL SUMS OF MONEY
IN ANY CURRENCY DEPOSITED WITH THE BANK OR HELD BY THE BANK PURSUANT TO THE
DEPOSIT BEING BARCLAYS BANK PLC RE WILLIAM HARE LIMITED BUSINESS PREMIUM
ACCOUNT NUMBER 40875864 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
16/06/1995 |
|
Type |
395 |
|
Date Created |
09/06/1995 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
|
Details |
A FIXED CHARGE OVER ALL THE "DEPOSIT(S)"
REFERRED TO IN THE SCHEDULE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
19/11/1993 |
|
Type |
395 |
|
Date Created |
01/11/1993 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY ANDOR ALL
OR ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
14/04/1992 |
|
Type |
395 |
|
Date Created |
03/04/1992 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
29/01/1986 |
|
Type |
9999 |
|
Date Created |
27/01/1986 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LAND AND BUILDINGS ON THE EAST SIDE CASTLECROFT ROAD BURY
GREATER MANCHESTER T.N. GM 252786 |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
13/03/1985 |
|
Type |
9999 |
|
Date Created |
27/02/1985 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LAND AND PREMISES AT RADCIFFE MOOR ROAD, RADCLIFFE,
GREATER MANCHESTER |
|
Satisfied? |
No |
Public Record Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
|
|
Activities |
Structural steelwork fabricators and erectors
|
|
Sic Code |
Description |
|
4525 |
Other construction work involving special trades |
|
2811 |
Manufacture of metal structures and parts of structures |
|
Staff Employed |
900 |
|
Auditors |
Horsfield & Smith |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
Barclays Bank PLC |
|
Sort Codes |
201071 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
137,871 |
88,811 |
86,510 |
80,092 |
|
Cost of goods sold |
118,533 |
76,268 |
74,815 |
- |
|
GROSS PROFIT |
19,338 |
12,543 |
11,695 |
11,197 |
|
General administration costs (-) |
16,520 |
10,154 |
10,921 |
- |
|
Wages and Salaries |
23,037 |
18,126 |
16,413 |
3,948 |
|
Depreciation |
1,397 |
1,359 |
1,463 |
468 |
|
Net Operating Profit(Loss) |
2,818 |
2,399 |
774 |
1,268 |
|
Non Trading Income |
337 |
58 |
117 |
21 |
|
Total Non Trading Income |
337 |
216 |
117 |
21 |
|
Interest expenses & similar (-) |
77 |
336 |
363 |
268 |
|
Other financial charges |
27 |
- |
70 |
114 |
|
Financial Expenses |
104 |
336 |
433 |
382 |
|
PRE TAX PROFIT |
3,051 |
2,279 |
458 |
907 |
|
Other Taxation |
-6 |
151 |
-82 |
-14 |
|
Taxation |
1,198 |
794 |
425 |
534 |
|
PROFIT AFTER TAX |
1,859 |
1,334 |
115 |
387 |
|
Net Profit |
1,859 |
1,334 |
115 |
387 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
1,859 |
1,334 |
115 |
387 |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
12,587 |
12,202 |
13,243 |
13,358 |
|
Land & buildings |
6,757 |
6,939 |
7,247 |
7,143 |
|
Plant, machinery & equipment |
5,830 |
5,263 |
5,996 |
6,215 |
|
TOTAL CURRENT ASSETS |
48,935 |
38,107 |
32,044 |
29,929 |
|
Stocks |
8,883 |
3,448 |
7,214 |
3,977 |
|
Trade Debtors |
21,680 |
18,683 |
13,831 |
19,232 |
|
Other Receivables |
32 |
1,328 |
1,109 |
98 |
|
Prepaid expenses |
392 |
583 |
620 |
532 |
|
Group Loans |
7,386 |
6,851 |
6,836 |
5,154 |
|
Cash |
10,562 |
7,214 |
2,434 |
936 |
|
TOTAL ASSETS |
61,522 |
50,309 |
45,287 |
43,287 |
|
TOTAL CURRENT LIABILITIES |
38,713 |
28,892 |
24,869 |
22,670 |
|
Trade Creditors |
25,921 |
15,620 |
16,521 |
14,978 |
|
Bank Overdraft |
144 |
267 |
148 |
3,060 |
|
Taxes |
2,378 |
2,823 |
2,827 |
1,803 |
|
Other Current Liabilities |
5,162 |
7,588 |
3,158 |
883 |
|
Due From Group |
1,575 |
959 |
1,009 |
459 |
|
Hire Purchase |
332 |
429 |
398 |
289 |
|
Accruals & deferred income |
3,201 |
1,206 |
808 |
1,198 |
|
WORKING CAPITAL |
10,222 |
9,215 |
7,175 |
7,259 |
|
TOTAL LONG TERM LIABS |
1,733 |
2,200 |
2,535 |
2,849 |
|
Taxation |
610 |
616 |
466 |
544 |
|
Mortgages and loans |
1,047 |
1,191 |
1,336 |
1,480 |
|
Total Hire Purchase / Leasing |
76 |
393 |
733 |
825 |
|
NET ASSETS/(LIABILITIES) |
22,809 |
21,417 |
20,418 |
20,617 |
|
SHARE CAPITAL + RESERVES |
21,076 |
19,217 |
17,883 |
17,768 |
|
Issued Share Capital |
35 |
35 |
35 |
35 |
|
Profit and Loss account |
21,041 |
19,182 |
17,848 |
17,733 |
|
SHAREHOLDERS FUNDS |
21,076 |
19,217 |
17,883 |
17,768 |
|
CAPITAL EMPLOYED |
22,809 |
21,417 |
20,418 |
20,617 |
|
TANGIBLE NET WORTH |
21,076 |
19,217 |
17,883 |
17,768 |
Key Credit Ratios
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Current Ratio |
1.26 |
1.32 |
1.29 |
1.32 |
|
Profit Before Tax |
0.02 |
0.03 |
0.01 |
0.01 |
|
Creditors Days (D.P.O) |
79.82 |
74.75 |
80.60 |
79.35 |
|
Quick Ratio |
1.03 |
1.20 |
1.00 |
1.14 |
|
Return on Assets |
4.96 |
4.53 |
1.01 |
2.10 |
|
T.N.W/Total Assets |
0.34 |
0.38 |
0.39 |
0.41 |
|
Return on Capital |
13.38 |
10.64 |
2.24 |
4.40 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.35 |
0.31 |
0.38 |
0.33 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
191.91 |
161.79 |
153.24 |
143.62 |
Financial Summary
|
Turnover |
Turnover increased by more than 55% in the period.
Turnover totaled GBP 137,871,000 for the period. |
|
Operating Profit |
Totaled GBP 2,818,000 In the period prior a profit
of GBP 2,399,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 3,051,000 compared
with a profit of GBP 2,279,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
11% |
|
Tangible Net Worth |
Net worth increased by 1,859,000 during the period and now
stands at GBP 21,076,000 |
|
Fixed Assets |
The subjects fixed assets increased during the period by
GBP 385,000 to GBP 12,587,000 and are now 20% of total assets
compared with 24% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the
period by 45% and are now 23% of net worth compared with 18% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 8% of total assets compared
with 7% in the previous period |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)