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MIRA
INFORM REPORT
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Report Date : |
26.02.2011 |
IDENTIFICATION DETAILS
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Name : |
MUKTI ENTERPRISES ( |
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Formerly Known As : |
EDGEFAME LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.08.2009 |
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Date of Incorporation : |
16.08.2005 |
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Com. Reg. No.: |
05537077 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers of Tea |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
GBP 1,000 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Identification Details
Creditline Recommendations
Official Company Data
Operations
Search History Summary
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.
Other Filings and Notices
Company Secretary
Directors
Share Capital
Financial Data– Statutory
Accounts
Balance Sheet
The following
figures are shown in units of 1000
Financial Comparison
The
following figures are shown in units of 1000
Key Credit Ratios
The
following figures are shown as Ratios or Percentages
Key Industry Sector Trends
Financial Summary
Auditors Qualification The company has taken advantage of exemptions under the
Companies Act such that the accounts have not been audited or examined.
No Turnover The company's balance sheet total is less than GBP
2,800,001 and therefore this is a small company as defined by the Companies
Act.It is not required to disclose turnover but it is likely to be less than
GBP 5,600,000.
No Pre-Tax Profit The Company is exempt from the requirement to file a
Profit Loss Account. We note that the difference on the Profit and Loss
Account shownon the Balance Sheet is GBP 123,000 decrease. This suggests that
the Company may have made a post-tax loss of GBP 123,000.
Working Capital The company's working capital, while remaining positive,
decreased by 58 % in the period.
Net Worth The company's negative net worth increased during the year
by GBP 123,000 and is now deficient by GBP 385,000.
Fixed Assets The subject's fixed assets reduced during the year by GBP
2,000 to GBP 6,000 and are now 1 % of total assets compared with 2 % in the
previous year.
Long Term Liabilities The company's long term liabilities reduced during the
period by 2 % and are now 126 % of net worth compared with 190 % in the
previous period.
Long Term Liabilities Long term liabilities are now 148 % of total liabilities
compared with 151 % in the previous period.
Long Term Liabilities Long term liabilities are 481 % of capital employed, an
increase of 270 % over 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.45.37 |
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1 |
Rs.73.24 |
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Euro |
1 |
Rs.62.68 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.