MIRA INFORM REPORT
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Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SPECIALISED BELTING SUPPLIES LIMITED |
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Formerly Known As : |
SPECIALISED BELTING HOLDINGS LIMITED |
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Registered Office : |
26-32 Brunel Way, Thetford, Norfolk, IP24 1HP |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
07.06.1989 |
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Com. Reg. No.: |
02393041 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturers Dealers in belting supplies. |
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 115,000 |
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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
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
Profit & Loss
Accounts are not available for companies categorised as small companies under
the companies act.
Balance Sheet
Financial Comparison
Key Credit Ratios
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 31/12/2009. 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 70,000 increase. This suggests that the Company may have made a post-tax profit of GBP 70,000. Working Capital The company's working capital remains positive but reduced by 5 % in the period. Net Worth Net worth has increased by 4 % and now stands at GBP 1,768,000. Fixed Assets The subject's fixed assets reduced during the year by GBP 57,000 to GBP 2,213,000 and are now 50 % of total assets compared with 47 % in the previous year. Long Term Liabilities The company's long term liabilities reduced during the period by 11 % and are now 76 % of net worth compared with 90 % in the previous period. Long Term Liabilities Long term liabilities are now 31 % of total liabilities compared with 32 % in the previous period. Long Term Liabilities Long term liabilities are 43 % 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.45.25 |
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UK Pound |
1 |
Rs.72.82 |
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Euro |
1 |
Rs.63.58 |
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.