MIRA INFORM REPORT

 

 

Report Date :           

05.04.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

R A B TEXTILES

 

 

Registered Office :

237 Thornton Rd, Bradford, West Yorkshire, Bd1 2js.

 

 

Country :

United Kingdom 

 

 

Date of Incorporation :

01.02.2003

 

 

Com. Reg. No.:

GRGU1162

 

 

Legal Form :

Proprietorship Concern

 

 

Line of Business :

Other retail sale of new goods in specialised stores

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Very Small Concern

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

----

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Identification Details

 

Subject Reported on

R A B TEXTILES

Business Number

GRGU1162

Address

237 THORNTON RD, BRADFORD, WEST YORKSHIRE, BD1 2JS.

Telephone

01274 305800

Facsimile

01274 305800

 

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 0
Single credit applications up to and including this amount are considered by Graydon to be an acceptable credit risk

 

 

 

 

Payment Behaviour

 

 

( No Payment Analysis Data is Available )

 

 

 

Business Data

 

 

Business Type

Proprietorship

Business Number

GRGU1162

Subject Status

Trading

Known Since

01/02/2003

 

 

 

Operations

 

 

Activities

Beds, Bedding & Blankets

Nace Code

5244

Premises

Warehouse

Staff Employed

3

 

 

 

Historical Rating

 

 

Date

Monthly Credit Guide

05/04/2011

0

05/01/2011

0

05/10/2010

0

05/07/2010

0

05/04/2010

F4D

0

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

0

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Known Owners/Managers

 

 

Proprietor

Mr B AHMED

 

 

 

Financial Data– Statutory Accounts

 

 

The organisation is not legally obliged to make available financial information for public inspection.

 

 

 

Key Industry Sector Trends

 

 

Year

2010

2009

2008

2007

Sample Size

22030

36266

35897

35065

Pre-Tax Profit Margin

2.9

0.7

0.9

1.5

Current Ratio

1.3

1.3

1.3

1.3

Borrowing Ratio

33.5

14

7.1

5.9

Return on Capital

42.8

36.8

41.4

43.3

Creditors Days

101

82

70

77

 

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Other retail sale of new goods in specialised stores




 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.65

UK Pound

1

Rs.71.93

Euro

1

Rs.63.24

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.