MIRA INFORM REPORT

 

 

 

Report Date :

10.09.2008

 

IDENTIFICATION DETAILS

 

Name :

BASS PREMIER CO

 

 

Registered Office :

63-66 Hatton Garden London Ec1n 8le

 

 

Country :

United Kingdom

 

 

Legal Form :

Partnership.

 

 

Line of Business :

Jewellery, Watch and Precious Stone

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

 

 

 

 

name of the company

 

BASS PREMIER CO

 

 

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

 

 

Identification

 

Main Trading Address     63-66 HATTON GARDEN
LONDON

                        EC1N 8LE

                                    UNITED KINGDOM

  

Telephone Number     020-7242-2278                        

Fax Number               020-7831-1555                        

ID Number                 23-740-0411                            

Line of Business (SIC) JEWELLERY, WATCH & PRECIOUS STONE WHLRS (5094)        

 

 

 

 

 

 

 

 

 

Payment Information

 

 

Collects in excess of 100 million payment experiences on European businesses each year. The information shown below indicates how  BASS PREMIER CO has been paying its bills.

   

Average Days Beyond Terms      9

Paydex                                        74

 

 

 

 

 

 

 

    Payment Experiences Summary

 

  

Value Bands
GBP

Number of Experiences

Total Value
GBP

% paid within terms

1-30
days

31-60
days

61-90
days

91+
days

> 100,000

-

-

-

-

-

-

-

50,000 - 99,999

-

-

-

-

-

-

-

15,000 - 49,999

-

-

-

-

-

-

-

5,000 - 14,999

-

-

-

-

-

-

-

1,000 - 4,999

-

-

-

-

-

-

-

< 1,000

6

2,200

64

36

-

-

-

Total

6

2,200

 

 

 

 

 

 

 

  

In some instances, payment beyond terms can be the result of overlooked or disputed invoices

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payment Industry Comparison             

 

 


    

Shown below is an industry comparison based on the 4,233 other businesses in same industry group as BASS PREMIER CO where the agent has payment experiences.

 

 

 

 

Comparison of Days Beyond Terms and Payment Score

BASS PREMIER CO

Pays 9 days beyond terms.

Paydex of 74

Upper quartile (top 25%)

pays within terms

Paydex of 80

Median (middle 50%)

pays 8 days beyond terms

Paydex of 75

Lower quartile (bottom 25%)

pays 19 days beyond terms

Paydex of 65

 

 

 

 

 

 

 Risk of Failure and Payment Performance - Industry Sector Comparison

 

 

 

 

 

 

Commentary

 

 BASS PREMIER CO pays it's bills on average 9 days beyond terms.

 

This is 3 days longer than the national average of 6 days beyond terms.

 

When compared to similar businesses BASS PREMIER CO pays slower than the industry average of 8 days beyond terms.

 

The  failure score of 73 predicts that the risk of failure within the next 12 months for BASS PREMIER CO is better than average.

 

This compares to an industry average  Failure Score this month of 50 and a national average of 50.

 

 

 

 

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

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.

 

 

 

           
To gain additional insight into the principal(s) of this business, conduct a consumer credit search.

Mr Andrew Bassalian, Partner


No other current associations

Mr Alex Bassalian, Partner


No other current associations

 

 

 

 

Legal Structure

                                              

Legal Form                           Partnership.

Business started as              Old established business

 

 

 

 

 

Operations          

 

 

Operating as

SIC Code

NACE Code

UK SIC Code

JEWELLERY, WATCH & PRECIOUS STONE WHLRS

5094

51.47

51.473

 

 

Jewellery wholesalers

Other Operating Details

Employees

10

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.12

UK Pound

1

Rs.79.60

Euro

1

Rs.63.83

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions