MIRA
INFORM REPORT
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Report Date : |
09.07.2011 |
IDENTIFICATION DETAILS
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Name : |
EURO DIRECT INTERNATIONAL LIMITED |
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Formerly Known As : |
ENGINEERED QUALITY PRODUCTS LIMITED. |
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Registered Office : |
Unit 8 Queens Mill Road, Queens Mill Industrial Estate, Huddersfield,
Wets Yorkshire, Hd1 3rr |
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Country : |
United Kingdom |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
15.02.2000 |
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Com. Reg. No.: |
03926548 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import Agents |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
GBP 114,000 |
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Status : |
Good |
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Payment
Behaviour : |
No Complaints |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
Historical Rating
Previous Searches
Public Record Information
Summary of Mortgages, Charges and
Satisfactions
Details of most recent Mortgages, Charges
and Satisfactions
Other Filings and Notices
Company Secretary
Directors
Share Capital
The above
reflects the principle shareholder(s) by number of shares held, irrespective
of share classification type.
Financial Data– Statutory Accounts
Balance Sheet
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 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 shown on the Balance Sheet is GBP 92,000 increase. This suggests that the Company may have made a post-tax profit of GBP 92,000. Working Capital The company's working capital remains positive but reduced by 4 % in the period. Net Worth Net worth has increased by 12 % and now stands at GBP 872,000. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.33 |
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UK Pound |
1 |
Rs.70.74 |
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Euro |
1 |
Rs.63.65 |
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.