MIRA INFORM REPORT
|
Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
LALLEMAND U.K. LIMITED |
|
|
|
|
Formerly Known As : |
PARCANE LIMITED |
|
|
|
|
Registered Office : |
24 Great King Street, Edinburgh, Eh3 6qn |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.01.2010 |
|
|
|
|
Date of Incorporation : |
07.12.1994 |
|
|
|
|
Com. Reg. No.: |
SC154790 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture, Sale and
Promotion of products for use in alcoholic beverage production. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
£100,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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 |
REGISTERED
NAME & COMPANY SUMMARY
|
Company Name |
LALLEMAND U.K. LIMITED |
Company Number |
SC154790 |
|
Registered Address |
24 GREAT
KING STREET |
Trading Address |
Dallow
Bridge Works |
|
|
EDINBURGH
|
|
|
|
|
EH3 6QN |
|
|
|
Website Address |
- |
|
|
|
Telephone Number |
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation Date |
07/12/1994 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
PARCANE LIMITED |
Type |
Private
limited with Share Capital |
|
|
|
Filing Date of Accounts |
14/07/2010 |
|
Date of Change |
04/01/1995 |
Share Capital |
£4,000,001 |
|
Sic Code |
9305 |
Currency |
GBP |
|
Sic Description |
OTHER SERVICE ACTIVITIES |
||
|
Principal Activity |
The manufacture, sale and promotion of
products for use in alcoholic beverage production. |
||
CREDIT
RECOMENDATION
Current
Credit Limit: £100,000
|
Limit |
£100,000 |
Previous Limit |
£75,000 |
|
Contract Limit |
£2,550,000 |
|
|
Last
3 Years Credit limit
|
Date |
Limit |
|
31/12/2010 |
£75,000 |
|
31/12/2009 |
£75,000 |
|
31/12/2008 |
£175,000 |
Limit
History
|
Date |
Limit |
|
23/07/2010 |
£100,000 |
|
31/12/2009 |
£75,000 |
|
03/12/2009 |
£75,000 |
|
28/11/2009 |
- |
|
14/11/2009 |
£105,000 |
|
19/06/2009 |
£105,000 |
|
20/02/2009 |
£145,000 |
|
09/12/2005 |
£175,000 |
DIRECTORS/MANAGEMENT
|
Total Current Directors |
6 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
10 |
Current Directors
|
Name |
Date of Birth |
11/06/1945 |
|
|
Officers Title |
Dr |
Nationality |
French |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
16/01/1995 |
|
|
|
Address |
Chemin Du College, , 820
Pibrac, |
||
|
Name |
Date of Birth |
05/11/1953 |
|
|
Officers Title |
Mr |
Nationality |
French |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
27/02/2001 |
|
|
|
Address |
5 Rue Nicolas D'alayrac, ,
Balma, 30130 |
||
|
|
http://app.creditsafeuk.com/CSUKLive/webpages/PeopleSearch/DirectorSummary.aspx?Pnr=907553204 |
http://app.creditsafeuk.com/CSUKLive/webpages/PeopleSearch/Consumersearch.aspx?Pnr=907553204 |
javascript:__doPostBack('Directors1$reCurrentDirectors$ctl01$lbTraceButton','') |
|
Name |
Date of Birth |
04/04/1966 |
|
|
Officers Title |
Mr |
Nationality |
French |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
23/04/2004 |
|
|
|
Address |
17 Rue De La Plaine, , 31490
Leguevin, |
||
|
|
http://app.creditsafeuk.com/CSUKLive/webpages/PeopleSearch/DirectorSummary.aspx?Pnr=908025396 |
http://app.creditsafeuk.com/CSUKLive/webpages/PeopleSearch/Consumersearch.aspx?Pnr=908025396 |
javascript:__doPostBack('Directors1$reCurrentDirectors$ctl02$lbTraceButton','') |
|
Name |
Date of Birth |
19/12/1958 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
30/01/2009 |
|
|
|
Address |
Keepers Cottage Little Faringdon,
, Lechlade, GL7 3QH |
||
|
Name |
Date of Birth |
13/03/1960 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
30/01/2009 |
|
|
|
Address |
6 Hillcrest Avenue, Winshill,
Burton-On-Trent, DE15 0TZ |
||
|
|
http://app.creditsafeuk.com/CSUKLive/webpages/PeopleSearch/DirectorSummary.aspx?Pnr=913612940 |
http://app.creditsafeuk.com/CSUKLive/webpages/PeopleSearch/Consumersearch.aspx?Pnr=913612940 |
javascript:__doPostBack('Directors1$reCurrentDirectors$ctl04$lbTraceButton','') |
|
Name |
Date of Birth |
19/04/1959 |
|
|
Officers Title |
Mr |
Nationality |
Canadian |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
05/11/2010 |
|
|
|
Address |
24 Great King Street, Edinburgh,
, EH3 6QN |
||
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
30/06/2010 |
|
|
|
Address |
30 Draycott Drive, Mickleover,
Derby, DE3 0QE |
||
NEGATIVE
INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs
- |
|
|
|
Total Number of Possible CCJs - |
Total Value of Possible
CCJs - |
|
|
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied
CCJs - |
|
|
|
Total Number of Writs - |
|
|
Exact CCJ Details
There are
no exact CCJ details
Possible CCJ Details
There are
no possible CCJ details
Writ Details
There are
no writ details
SHARE
& SHARE CAPITAL INFORMATION
|
Share Capital |
£4,000,001 |
Top 20 Shareholders
|
Name |
Individual Share Value |
|
LALLEMAND INC. |
4,000,001 ORDINARY GBP 1.00 |
PAYMENT
INFORMATION
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
1 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group Structure
Summary
|
Company Name |
LALLEMAND U.K. LIMITED |
Company Number |
SC154790 |
|
Holding Company |
- |
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
LALLEMAND INCORPORATED |
Companies in group |
7 |
Group structure
|
Company
Name |
|
Safe
Number |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
|
Limit |
Turnover |
|
|||||||||
|
|
|
|
- |
- |
|
- |
|
||||||||||
|
|
456504828 |
- |
N |
|
€250,000 |
|
|||||||||||
|
|
02758805 |
31.12.2010 |
N |
|
£135,000 |
£20,150,000 |
|||||||||||
|
|
SC154790 |
30.01.2010 |
N |
|
£100,000 |
£10,154,000 |
|||||||||||
|
|
02886133 |
30.01.2010 |
N |
|
£100,000 |
£7,261,000 |
|||||||||||
|
|
02642871 |
30.01.2010 |
N |
|
- |
|
|||||||||||
|
|
00269810 |
31.01.2010 |
N |
|
£25,500 |
£16,747,000 |
|||||||||||
FINANCIAL
INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/01/2010 |
£10,154,000 |
£1,393,000 |
£25,253,000 |
30 |
|
31/01/2009 |
£9,258,000 |
£1,792,000 |
£6,082,000 |
32 |
|
26/01/2008 |
£8,535,000 |
£1,383,000 |
£5,553,000 |
32 |
Profit & Loss
|
Date Of Accounts |
30/01/10 |
(%) |
31/01/09 |
(%) |
26/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Weeks |
52 |
(%) |
53 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£10,154,000 |
9.7% |
£9,258,000 |
8.5% |
£8,535,000 |
7.4% |
£7,947,000 |
6% |
£7,496,000 |
|
Export |
- |
- |
- |
- |
£3,610,000 |
- |
- |
- |
- |
|
Cost of Sales |
£7,038,000 |
- |
£5,733,000 |
4.8% |
£5,473,000 |
3.6% |
£5,281,000 |
35.8% |
£3,890,000 |
|
Gross Profit |
£3,116,000 |
-11.6% |
£3,525,000 |
15.1% |
£3,062,000 |
14.9% |
£2,666,000 |
-26.1% |
£3,606,000 |
|
Wages & Salaries |
£948,000 |
-4.9% |
£997,000 |
4.2% |
£957,000 |
5.2% |
£910,000 |
5.6% |
£862,000 |
|
Directors Emoluments |
£100,000 |
78.6% |
£56,000 |
- |
£56,000 |
1.8% |
£55,000 |
5.8% |
£52,000 |
|
Operating Profit |
£1,752,000 |
-8.6% |
£1,917,000 |
24.6% |
£1,539,000 |
76.5% |
£872,000 |
-19.6% |
£1,084,000 |
|
Depreciation |
£235,000 |
5.9% |
£222,000 |
9.9% |
£202,000 |
2% |
£198,000 |
5.3% |
£188,000 |
|
Audit Fees |
£22,000 |
10% |
£20,000 |
-20% |
£25,000 |
19% |
£21,000 |
23.5% |
£17,000 |
|
Interest Payments |
£405,000 |
164.7% |
£153,000 |
-14% |
£178,000 |
-18% |
£217,000 |
-18.7% |
£267,000 |
|
Pre Tax Profit |
£1,393,000 |
-22.3% |
£1,792,000 |
29.6% |
£1,383,000 |
107.3% |
£667,000 |
-19.6% |
£830,000 |
|
Taxation |
-£488,000 |
-7.7% |
-£453,000 |
-28.7% |
-£352,000 |
-29.4% |
-£272,000 |
2.2% |
-£278,000 |
|
Profit After Tax |
£905,000 |
-32.4% |
£1,339,000 |
29.9% |
£1,031,000 |
161% |
£395,000 |
-28.4% |
£552,000 |
|
Dividends Payable |
- |
-100% |
£810,000 |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£905,000 |
71.1% |
£529,000 |
-48.7% |
£1,031,000 |
161% |
£395,000 |
-28.4% |
£552,000 |
Balance Sheet
|
Date Of Accounts |
30/01/10 |
(%) |
31/01/09 |
(%) |
26/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Tangible Assets |
£31,451,000 |
543.8% |
£4,885,000 |
0.7% |
£4,852,000 |
-1.1% |
£4,908,000 |
-2.2% |
£5,018,000 |
|
Intangible Assets |
£1,023,000 |
-7.8% |
£1,110,000 |
-7.2% |
£1,196,000 |
-6.6% |
£1,281,000 |
-6.4% |
£1,368,000 |
|
Total Fixed Assets |
£32,474,000 |
441.7% |
£5,995,000 |
-0.9% |
£6,048,000 |
-2.3% |
£6,189,000 |
-3.1% |
£6,386,000 |
|
Stock |
£1,517,000 |
-9.7% |
£1,680,000 |
30.1% |
£1,291,000 |
-0.2% |
£1,293,000 |
-5.2% |
£1,364,000 |
|
Trade Debtors |
£1,328,000 |
-18.8% |
£1,636,000 |
37.9% |
£1,186,000 |
4.5% |
£1,135,000 |
2.5% |
£1,107,000 |
|
Cash |
£793,000 |
223.7% |
£245,000 |
-82.1% |
£1,367,000 |
554.1% |
£209,000 |
38.4% |
£151,000 |
|
Other Debtors |
£807,000 |
449% |
£147,000 |
133.3% |
£63,000 |
-76.2% |
£265,000 |
-54.3% |
£580,000 |
|
Miscellaneous Current
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£4,445,000 |
19.9% |
£3,708,000 |
-5.1% |
£3,907,000 |
34.6% |
£2,902,000 |
-9.4% |
£3,202,000 |
|
Trade Creditors |
£568,000 |
-27.7% |
£786,000 |
-17.5% |
£953,000 |
70.8% |
£558,000 |
-15.5% |
£660,000 |
|
Bank Loans &
Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£2,373,000 |
213.1% |
£758,000 |
-2.4% |
£777,000 |
-18% |
£947,000 |
34.9% |
£702,000 |
|
Miscellaneous Current Liabilities |
£201,000 |
-52.6% |
£424,000 |
-13.6% |
£491,000 |
62% |
£303,000 |
-13.2% |
£349,000 |
|
Total Current Liabilities |
£3,142,000 |
59.7% |
£1,968,000 |
-11.4% |
£2,221,000 |
22.8% |
£1,808,000 |
5.7% |
£1,711,000 |
|
Bank Loans & Overdrafts
and LTL |
£8,524,000 |
415.7% |
£1,653,000 |
-24.2% |
£2,181,000 |
-21% |
£2,761,000 |
-26.4% |
£3,750,000 |
|
Other Long Term Finance |
£8,451,000 |
437.9% |
£1,571,000 |
-24.1% |
£2,071,000 |
-19.4% |
£2,571,000 |
-28% |
£3,571,000 |
|
Total Long Term
Liabilities |
£8,524,000 |
415.7% |
£1,653,000 |
-24.2% |
£2,181,000 |
-21% |
£2,761,000 |
-26.4% |
£3,750,000 |
Capital & Reserves
|
Date Of Accounts |
30/01/10 |
(%) |
31/01/09 |
(%) |
26/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Called Up Share Capital |
£4,000,000 |
- |
£4,000,000 |
- |
£4,000,000 |
- |
£4,000,000 |
- |
£4,000,000 |
|
P & L Account Reserve |
£2,987,000 |
43.5% |
£2,082,000 |
34.1% |
£1,553,000 |
197.5% |
£522,000 |
311% |
£127,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£18,266,000 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£25,253,000 |
315.2% |
£6,082,000 |
9.5% |
£5,553,000 |
22.8% |
£4,522,000 |
9.6% |
£4,127,000 |
Other Financial Items
|
Date Of Accounts |
30/01/10 |
(%) |
31/01/09 |
(%) |
26/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Net Worth |
£24,230,000 |
387.3% |
£4,972,000 |
14.1% |
£4,357,000 |
34.4% |
£3,241,000 |
17.5% |
£2,759,000 |
|
Working Capital |
£1,303,000 |
-25.1% |
£1,740,000 |
3.2% |
£1,686,000 |
54.1% |
£1,094,000 |
-26.6% |
£1,491,000 |
|
Total Assets |
£36,919,000 |
280.5% |
£9,703,000 |
-2.5% |
£9,955,000 |
9.5% |
£9,091,000 |
-5.2% |
£9,588,000 |
|
Total Liabilities |
£11,666,000 |
222.2% |
£3,621,000 |
-17.7% |
£4,402,000 |
-3.7% |
£4,569,000 |
-16.3% |
£5,461,000 |
|
Net Assets |
£25,253,000 |
315.2% |
£6,082,000 |
9.5% |
£5,553,000 |
22.8% |
£4,522,000 |
9.6% |
£4,127,000 |
Cash Flow
|
Date Of Accounts |
30/01/10 |
(%) |
31/01/09 |
(%) |
26/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
30/01/10 |
(%) |
31/01/09 |
(%) |
26/01/08 |
(%) |
31/01/07 |
(%) |
31/01/06 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£33,777,000 |
336.7% |
£7,735,000 |
0% |
£7,734,000 |
6.2% |
£7,283,000 |
-7.5% |
£7,877,000 |
|
Number of Employees |
30 |
-6.3% |
32 |
- |
32 |
3.2% |
31 |
-3.1% |
32 |
Ratios
|
Date
Of Accounts |
30/01/10 |
31/01/09 |
26/01/08 |
31/01/07 |
31/01/06 |
|
Pre-tax profit margin % |
13.72 |
19.36 |
16.20 |
8.39 |
11.07 |
|
Current ratio |
1.41 |
1.88 |
1.76 |
1.61 |
1.87 |
|
Sales/Net Working Capital |
7.79 |
5.32 |
5.06 |
- |
- |
|
Gearing % |
33.80 |
27.20 |
39.30 |
61.10 |
90.90 |
|
Equity in % |
70.40 |
70.80 |
63.40 |
57.90 |
50.20 |
|
Creditor Days |
20.36 |
31.49 |
40.64 |
25.63 |
32.14 |
|
Debtor Days |
47.60 |
65.56 |
50.58 |
52.13 |
53.90 |
|
Liquidity/Acid Test |
0.93 |
1.03 |
1.17 |
0.89 |
1.07 |
|
Return On Capital
Employed % |
4.12 |
23.16 |
17.88 |
9.16 |
10.54 |
|
Return On Total Assets
Employed % |
3.77 |
18.46 |
13.89 |
7.34 |
8.66 |
|
Current Debt Ratio |
0.12 |
0.32 |
0.39 |
0.40 |
0.41 |
|
Total Debt Ratio |
0.46 |
0.59 |
0.79 |
1.01 |
1.32 |
|
Stock Turnover Ratio % |
14.93 |
18.14 |
15.12 |
16.27 |
18.20 |
|
Return on Net Assets
Employed % |
5.51 |
29.46 |
24.90 |
14.75 |
20.11 |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
|
No exact match CCJs are recorded against the company. |
|
|
There has been no significant change in the
company's credit rating. |
|
|
The credit limit on this company has risen
33.3% in comparison to the previously suggested credit limit. |
|
|
The previous 12 month trading period saw a rise
in Sales of 9.7%. |
|
|
In the previous 12 month trading period Net
Worth increased by 387.3%. |
|
|
A 280.5% growth in Total Assets occurred in
the previous 12 month trading period. |
|
|
Pre-tax profits decreased by 22.3% in the
previous 12 month trading period. |
|
|
The company saw an increase in their Cash
Balance of 223.7% in the previous 12 month trading period. |
|
|
The audit report contains no adverse comments. |
|
|
The company has undergone recent changes in
its directorships. |
|
|
The company is part of a group. |
|
|
The company was established over 16 years ago. |
|
|
Auditors |
KPMG LLP |
|
Auditor Comments |
The audit report contains no adverse comments |
|
Bankers |
CLYDESDALE BANK |
|
Bank Branch Code |
|
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
|
22/12/2010 |
Annual Returns |
|
|
13/12/2010 |
New Board Member Mr F. Leblanc appointed |
|
|
08/12/2010 |
Mr R. Landry has left the board |
|
|
08/12/2010 |
New Board Member Mr F. Leblanc appointed |
|
|
05/08/2010 |
New Company Secretary Ms C.E. Roberts
appointed |
|
|
26/07/2010 |
New Accounts Filed |
|
|
26/07/2010 |
New Accounts Filed |
|
|
31/12/2009 |
Annual Returns |
|
|
03/12/2009 |
New Accounts Filed |
|
|
03/12/2009 |
New Accounts Filed |
|
|
08/04/2009 |
Mr P.E. Wainwright has resigned as company
secretary |
|
|
08/04/2009 |
Mr P.E. Wainwright has left the board |
|
|
23/02/2009 |
New Board Member Mr T.H. Pollock appointed |
|
|
09/02/2009 |
New Board Member Mr B. Jordan appointed |
|
|
30/09/2008 |
Mr L.S. Patterson has left the board |
|
Previous Company Names
|
Date |
Previous Name |
Companies House Documents |
|
04/01/1995 |
PARCANE LIMITED |
|
NOTES
& COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.22 |
|
UK Pound |
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.65 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.