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MIRA INFORM REPORT
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Report Date : |
31.05.2011 |
IDENTIFICATION DETAILS
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Name : |
GEDEON RICHTER (UK) LIMITED |
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Formerly Known As : |
GIDEON RICHTER (UK) LIMITED. |
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Registered Office : |
127 Shirland Road, London, W9
2ep. |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
20.11.2001 |
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Com. Reg. No.: |
04325685 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Non-Trading Company |
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 6,900 |
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Status : |
Small Company |
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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 – 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 |
Identification Details
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Subject Reported on |
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Registration Number |
04325685 |
Creditline Recommendations
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Monthly Credit Guide |
GBP 6,900 |
Payment Behaviors
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( No Payment Analysis Data is Available ) |
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Official Company Data
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Legal Form |
Private Limited |
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Registration Number |
04325685 |
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Subject Status |
Trading |
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Date of Incorporation |
20/11/2001 |
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Registered Office |
127 SHIRLAND ROAD, LONDON, W9 2EP. |
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History |
24/12/2008 : The Registered
Office address changed from 66 WIGMORE STREET, LONDON, W1U 2SB. |
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7/07/2005 : The
Registered Office address changed from 66 WIGMORE STREET, LONDON, W1U 2HQ. |
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27/11/2003 : The Registered
Office address changed from 48 PORTLAND PLACE, LONDON, W1B 1AJ. |
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22/11/2001 : Change of
name from GIDEON RICHTER (UK) LIMITED. |
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Date of Last
Annual Return to Registry |
20/11/2010 |
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Accounts |
The last filed accounts at Companies House are those to 31/12/2009 |
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Accounting
Reference Date |
31/12 |
Operations
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Nace Code |
7499 |
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Staff Employed |
2 |
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Auditors |
HLB Vantis Audit PLC |
Historical Rating
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Date |
Monthly Credit Guide |
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30/05/2011 |
6,900 |
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28/02/2011 |
6,900 |
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28/11/2010 |
6,900 |
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28/08/2010 |
7,600 |
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28/05/2010 |
7,600 |
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Search History Summary |
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Last 3 Months |
Last 6 Months |
Last 12 Months |
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0 |
0 |
0 |
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Search History Details |
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The Search History Details shows details of the most recent 40
searches |
Public Record Information
Summary of
CCJ's/Scottish Decrees
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No CCJs/Scottish Decrees
are recorded in our file. |
Other Filings and Notices
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Date |
Source |
Description |
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30/10/2002 |
Companies House Gazette |
Change among directors of a company |
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15/06/2002 |
Companies House Gazette |
Change among directors of a company |
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11/12/2001 |
Companies House Gazette |
Change among directors of a company |
Company Secretary
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Secretary |
MICHAEL ROBERT FIRMAN |
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Service Address |
127 SHIRLAND ROAD, LONDON, W9 2EP. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
16/03/1947 |
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Appointment Date |
20/11/2001 |
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Other Directorships |
FARNHAM LABORATORIES LIMITED |
Directors
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Director |
GABOR SZEMERE |
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Service Address |
127 SHIRLAND ROAD, LONDON, W9 2EP. |
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Country of Origin |
HUNGARY |
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Date of Birth |
07/05/1948 |
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Appointment Date |
01/10/2002 |
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Other Directorships |
MEDIMPEX UK LIMITED, FARNHAM LABORATORIES LIMITED |
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Service Address |
127 SHIRLAND ROAD, LONDON, W9 2EP. |
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Country of Origin |
HUNGARY |
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Date of Birth |
31/10/1947 |
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Appointment Date |
20/11/2001 |
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Other Directorships |
MEDIMPEX UK LIMITED, FARNHAM LABORATORIES LIMITED |
Share Capital
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Shares |
Ordinary GBP 1.00 |
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Issued Number |
1 |
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Principal Shareholder |
1 Gedeon Richter Investment Management Ltd |
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The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type. |
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Holding Company |
Gedeon Richter Investment Management Ltd, a company incorporated in HUNGARY |
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Ultimate Parent |
GEDEON RICHTER PLC, a company incorporated in HUNGARY |
Financial Data– Statutory Accounts
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Profit and Loss
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The following figures are shown in units of 1000 |
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Number of Weeks |
52 |
52 |
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Accounts Date |
31/12/2009 |
31/12/2008 |
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Currency |
GBP |
GBP |
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SALES |
69 |
76 |
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PRE TAX PROFIT |
554 |
87 |
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Balance Sheet
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The following figures are shown in units of 1000 |
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Number of Weeks |
52 |
52 |
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Accounts Date |
31/12/2009 |
31/12/2008 |
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Currency |
GBP |
GBP |
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TOTAL CURRENT ASSETS |
620 |
655 |
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Trade debtors |
4 |
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Other Current Assets |
616 |
655 |
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Due From Group |
14 |
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Cash |
602 |
655 |
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TOTAL ASSETS |
620 |
655 |
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TOTAL CURRENT LIABILITIES |
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593 |
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Trade creditors |
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25 |
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Short Term Loans |
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568 |
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Due To Group |
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568 |
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WORKING CAPITAL |
620 |
62 |
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NET ASSETS/(LIABILITIES) |
620 |
62 |
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SHARE CAPITAL + RESERVES |
620 |
62 |
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Profit and Loss account |
620 |
62 |
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SHAREHOLDERS FUNDS |
620 |
62 |
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CAPITAL EMPLOYED |
620 |
62 |
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Financial Comparison
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The following figures are shown in units of 1000 |
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Number of Weeks |
52 |
52 |
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Accounts Date |
31/12/2009 |
31/12/2008 |
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Currency |
GBP |
GBP |
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Liquid Assets |
606 |
655 |
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Net Working Capital |
620 |
62 |
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Tangible Net Worth(T.N.W) |
620 |
62 |
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Equity |
620 |
62 |
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Number of Years Trading |
8 |
7 |
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Number of Employees |
2 |
2 |
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Profit per Employee |
277000 |
43500 |
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Sales per Employee |
34500 |
38000 |
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Key Credit Ratios
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The following figures are shown as Ratios or Percentages |
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Accounts Date |
31/12/2009 |
31/12/2008 |
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Current Ratio |
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1.1 |
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Pre Tax Profit Margin% |
802.9 |
114.5 |
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Quick Ratio |
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1.1 |
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Return on Investment% |
89.4 |
13.8 |
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Return on Assets% |
89.4 |
13.3 |
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T.N.W/Total Assets% |
100 |
9.5 |
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Return on Capital% |
89.4 |
140.3 |
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Rtn on Shareholders Funds% |
89.4 |
140.3 |
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Working Capital/Sales% |
898.6 |
81.6 |
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Borrowing Ratio% |
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916.1 |
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Equity Gearing% |
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10.5 |
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Key Industry Sector Trends
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Year |
2011 |
2010 |
2009 |
2008 |
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Sample Size |
545 |
15581 |
22769 |
24426 |
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Pre-Tax Profit Margin |
13.1 |
12 |
9.4 |
11.4 |
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Current Ratio |
5.9 |
3.9 |
3.9 |
3.5 |
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Borrowing Ratio |
13726.1 |
47.4 |
27.3 |
52.9 |
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Return on Capital |
26.8 |
25.3 |
25.4 |
29.4 |
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Creditors Days |
156 |
460 |
794 |
697 |
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Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Non-Trading Company |
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.
Turnover
Turnover reduced from GBP 76,000 to GBP 69,000, a decrease of 9 % in the period.
Pre Tax Profit
The subject's profit increased by 536 % in the year.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.45.10 |
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UK Pound |
1 |
Rs.74.27 |
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Euro |
1 |
Rs.64.35 |
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 |
---- |
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.