MIRA
INFORM REPORT
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Report Date : |
17.02.2011 |
IDENTIFICATION DETAILS
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Name : |
RANGER EQUIPMENT LTD |
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Formerly Known As : |
HY-MATE DISTRIBUTORS (UK) LTD. |
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Registered Office : |
Ireland Industrial Estate, Adelphi Way, Chesterfield,
Derbyshire, S43 3ls. |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
16.11.2001 |
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Com. Reg. No.: |
04323652 |
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Legal Form : |
Private Limited company
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Line of Business : |
Retailers and hire of tracked access platforms |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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
Public Record Information
Summary
of CCJ's/Scottish Decrees
No CCJs/Scottish Decrees are recorded in our file.
Summary of Mortgages, Charges and Satisfactions
Details of most recent Mortgages, Charges and Satisfactions
Other Filings and Notices
Company Secretary
Directors
Share Capital
Financial Data– Statutory
Accounts
Profit & Loss Accounts are not available for companies
categorised as small companies under the companies act.
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
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
5,600,000 and is a medium sized company as defined by the Companies Act. It
is not required to disclose turnover but it is likely to be in the range of
GBP 2,800,000 - GBP 11,200,000.
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 65,000 decrease. This suggests that
the Company may have made a post-tax loss of GBP 65,000.
Working Capital The company's working capital deficiency increased in the
period and now totals GBP 427,000.
Net Worth Net worth reduced by GBP 65,000 during the period and now
stands at GBP 357,000.
Fixed Assets The subject's fixed assets reduced during the year by GBP
67,000 to GBP 1,960,000 and are now 84 % of total assets compared with 74 %
in the previous year.
Long Term Liabilities The company's long term liabilities reduced during the
period by 13 % and are now 329 % of net worth compared with 321 % in the
previous period.
Long Term Liabilities Long term liabilities are now 51 % of total liabilities
compared with 49 % in the previous period.
Long Term Liabilities Long term liabilities are 77 % of capital employed, an
increase of 1 % 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.45.45 |
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1 |
Rs.72.90 |
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Euro |
1 |
Rs.61.43 |
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.