MIRA INFORM REPORT

 

 

Report Date :           

15.09.2011

 

IDENTIFICATION DETAILS

 

Name :

CARGO HOMESHOP

 

 

Registered Office :

Dormer Rd, Thame, Oxfordshire, Ox9 3hd.

 

 

Country :

United Kingdom 

 

 

Date of Incorporation :

01.03.1972

 

 

Com. Reg. No.:

GRHM8763

 

 

Legal Form :

Unincorporated

 

 

Line of Business :

Manufacturer of Furniture

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

GBP 37,500

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

Identification Details

 

Subject Reported on

CARGO HOMESHOP

Business Number

GRHM8763

Address

DORMER RD, THAME, OXFORDSHIRE, OX9 3HD.

Telephone

0844 848 3300

Facsimile

01844 261241

Web Address

www.cargohomeshop.com

 

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 37,500

 

 

 

 

Payment Behaviors

 

 

( No Payment Analysis Data is Available )

 

 

 

 

Business Data

 

 

Business Type

Unincorporated

Business Number

GRHM8763

Subject Status

Trading

Known Since

01/03/1972

 

 

 

Operations

 

 

Activities

Furniture Mnfrs - Home & Office

Nace Code

3612

Premises

HEAD OFFICE

Staff Employed

70

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

1

1

1

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

25/07/2011

Manufacture of games and toys

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Known Owners/Managers

 

 

Senior Executive

Mr CLIVE GILBERT

 

 

 

Financial Data– Statutory Accounts

 

 

The organisation is not legally obliged to make available financial information for public inspection.

 

 

 

Key Industry Sector Trends

 

 

Year

2011

2010

2009

2008

Sample Size

155

2107

2505

2649

Pre-Tax Profit Margin

5.3

2.4

(0.4)

2.5

Current Ratio

1.4

1.3

1.3

1.3

Borrowing Ratio

101.3

25.1

39.2

47.4

Return on Capital

51.8

20.8

15.9

23.8

Creditors Days

23

43

38

38

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Manufacture of furniture


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.81

UK Pound

1

Rs.75.16

Euro

1

Rs.65.11

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.