MIRA INFORM REPORT
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Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
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Name : |
HORNBY STREET LIMITED |
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Formerly Known As : |
ONLYMORE LIMITED. |
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Registered Office : |
Juice Corporations, 2-16 Bury New Road, Manchester, Lancashire, M8 8fr. |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
11.10.1999 |
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Com. Reg. No.: |
03856420 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, wholesale and
distribution of fashion
garments |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 80,000 |
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Status : |
Satisfactory |
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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
Payment Behaviour
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
Financial Data– Statutory Accounts
Key Industry Sector Trends
Financial Summary
Auditors Qualification The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 30/06/2010. Operating Profit Totalled GBP 441,000. In the year prior a Loss of GBP 478,000 was achieved. Pre Tax Profit The subject made a profit of GBP 189,000 in the period compared with a loss in the previous period of GBP 713,000. Working Capital The company's working capital position has reduced from a surplus and is now a deficiency of GBP 1,015,000. Net Worth Net worth has increased by 3 % and now stands at GBP 6,771,000. Fixed Assets The subject's fixed assets increased during the year by GBP 5,864,000 to GBP 8,966,000 and are now 71 % of total assets compared with 25 % in the previous year.
Long Term Liabilities The company's long term liabilities reduced during the period by 24 % and are now 17 % of net worth compared with 24 % in the previous period. Long Term Liabilities Long term liabilities are now 9 % of total liabilities compared with 13 % in the previous period. Long Term Liabilities Long term liabilities are 15 % of capital employed, a decrease of 4 % 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.44.90 |
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UK Pound |
1 |
Rs.72.54 |
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Euro |
1 |
Rs.63.39 |
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.