MIRA
INFORM REPORT
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Report Date : |
01.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARDOUR WORLD LIMITED |
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Registered Office : |
1 Little Rowsham Ct, South Hill Ave, Harrow On The Hill,
HA1 3NX |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
22.04.2003 |
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Com. Reg. No.: |
04741345 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Wholesalers of Nonferrous Metals Scrap |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 8,900 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
ARDOUR WORLD LIMITED |
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Trading Address |
1st Floor Empire Way,York Ho,WEMBLEY,HA9 0PA |
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Telephone |
020-8782-8746 |
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This company has an average risk status and should be
treated with a degree of caution |
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Credit Limit |
GBP 8,900 |
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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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Contract Limit |
GBP 60,100 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
04741345 |
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Date of Incorporation |
22/04/2003 |
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Registered Office |
1 Little Rowsham Ct, South Hill Ave, Harrow On The Hill,
HA1 3NX |
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Date of Last Annual Return to
Registry |
22/04/2007 |
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Activities |
Wholesalers of nonferrous metals scrap |
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Accounts |
The last filed accounts cover the period to 31/03/2007 and
were filed on 04/04/2008 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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22/04/2007 |
Annual Return |
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31/03/2007 |
Financial Statement / Set of Accounts |
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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 |
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Occupation |
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Address |
1 BRUCE HOUSE 195, PRESTON HILL , HARROW
, MIDDX , HA3 9UN |
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Country of Origin |
INDIAN |
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Date of Birth |
12/10/1971 |
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Appointment Date |
29/04/2003 |
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Other Appointments |
ARDOUR WORLD LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
20, LEIGH COURT BYRON HILL ROAD , HARROW
, MIDDX , HA2 0HZ |
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Country of Origin |
INDIAN |
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Date of Birth |
08/01/1979 |
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Appointment Date |
01/02/2006 |
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Other Appointments |
ARDOUR WORLD LIMITED, EURO METALS
LIMITED, GLOBAL METCORP LIMITED |
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SECRETARY |
ASHISH CHAUDHARI |
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Address |
20 LEIGH COURT, BYRON HILL ROAD , HARROW
, MIDDLESEX , HA2 0HZ |
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Country of Origin |
INDIAN |
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Date of Birth |
08/01/1979 |
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Appointment Date |
04/11/2003 |
Recently Resigned Directors (last
3)
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DIRECTOR |
FORM 10 DIRECTORS FD LTD - |
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Occupation |
FORMATION AGENT |
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Address |
39A , LEICESTER ROAD , SALFORD , - - |
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Resignation Date |
28/04/2003 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Mr Ashish Chaudhari |
ORD |
50 |
50.00 |
50.00 |
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Mr Sundip Goyal |
ORD |
24 |
24.00 |
24.00 |
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Mrs Vanita Goyal |
ORD |
26 |
26.00 |
26.00 |
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Mortgages and Charges
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Total Registered |
2 |
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Total Outstanding |
2 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
19/09/2007 |
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Date Registered |
05/10/2007 |
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Type |
395 |
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Date Created |
19/09/2007 |
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Lender |
FORTIS BANK SA-NV UK BRANCH |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
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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 |
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Satisfied? |
No |
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Date Registered |
03/10/2007 |
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Type |
395 |
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Date Created |
19/09/2007 |
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Lender |
FORTIS BANK S.A.N.V. |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE
CHARGE |
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Details |
ALL BILLS OF EXCHANGE PROMISSORY NOTES AND OTHER
NEGOTIABLE INSTRUMENTS (THE PLEDGED DOCUMENTS) AND ALL PRODUCE AND GOODS (THE
PLEDGED GOODS) SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Activities |
Wholesalers of nonferrous metals scrap |
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Sic Code |
Description |
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5157 |
Wholesale of waste and scrap |
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Staff Employed |
3 |
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Auditors |
King & King |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion
(i.e. unqualified with no referrals) on the latest accounts. |
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Bankers |
Fortis Bank Sa/nv |
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Sort Codes |
405262 |
Financial Data
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
3,576 |
3,249 |
875 |
461 |
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Total Fixed Assets |
3,576 |
3,249 |
875 |
461 |
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TOTAL CURRENT ASSETS |
1,285,599 |
574,240 |
135,694 |
47,956 |
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Stocks |
444,946 |
64,391 |
- |
- |
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Trade Debtors |
705,835 |
386,119 |
34,390 |
15,677 |
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Cash |
134,818 |
123,730 |
101,304 |
32,279 |
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TOTAL ASSETS |
1,289,175 |
577,489 |
136,569 |
48,417 |
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TOTAL CURRENT LIABILITIES |
1,180,917 |
496,863 |
115,676 |
36,779 |
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Other Current Liabilities |
1,180,917 |
496,863 |
115,676 |
36,779 |
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WORKING CAPITAL |
104,682 |
77,377 |
20,018 |
11,177 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
108,258 |
80,626 |
20,893 |
11,638 |
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SHARE CAPITAL + RESERVES |
108,258 |
80,626 |
20,893 |
11,638 |
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Issued Share Capital |
100 |
100 |
100 |
100 |
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Profit and Loss account |
108,158 |
80,526 |
20,793 |
11,538 |
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SHAREHOLDERS FUNDS |
108,258 |
80,626 |
20,893 |
11,638 |
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CAPITAL EMPLOYED |
108,258 |
80,626 |
20,893 |
11,638 |
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TANGIBLE NET WORTH |
108,258 |
80,626 |
20,893 |
11,638 |
Key Credit Ratios
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Current Ratio |
1.09 |
1.16 |
1.17 |
1.30 |
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Quick Ratio |
0.71 |
1.03 |
- |
- |
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T.N.W/Total Assets |
0.08 |
0.14 |
0.15 |
0.24 |
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Solvency (%) |
1090.84 |
616.26 |
553.66 |
316.03 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by
35% |
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Tangible
Net Worth |
Net worth increased by 27,632 during the period and now
stands at GBP 108,258,units |
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Fixed
Assets |
The subjects fixed assets increased during the period by
GBP 327 to GBP 3,576,units and are now 0% of total assets
compared with 1% in the previous period |
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Long
Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 0% in the previous period |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.21 |
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UK Pound |
1 |
Rs.79.76 |
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Euro |
1 |
Rs.64.72 |
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%)