MIRA INFORM REPORT
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Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
BRIDGE STREET STONE LTD. |
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Registered Office : |
Bridge Street, Colne, BB8 8AA |
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Country : |
United Kingdom |
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Financials (as on) : |
31.10.2011 |
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Date of Incorporation : |
22.07.2002 |
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Com. Reg. No.: |
04491666 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale
Trade Agents and Brokers |
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No. of Employees
: |
Not Available |
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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Status : |
Moderate |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 NAME AND ADDRESS
Bridge Street Stone Ltd.
Bridge Street
Colne, BB8 8AA
United Kingdom
Tel: 01282 860571
Employees: NA
Company Type: Private
Independent
Quoted Status: Non-quoted
Company
Incorporation Date: 22-Jul-2002
Auditor: Ashworth Moulds
Financials in: USD
(Millions)
Fiscal Year End: 31-Oct-2011
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Total Assets: 3.6
Business Description
Agents in building materials.
Industry
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Industry |
Miscellaneous
Capital Goods |
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ANZSIC 2006: |
3739 - Other
Goods Wholesaling Not Elsewhere Classified |
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NACE 2002: |
5113 - Agents
involved in the sale of timber and building materials |
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NAICS 2002: |
425120 -
Wholesale Trade Agents and Brokers |
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UK SIC 2003: |
5113 - Agents
involved in the sale of timber and building materials |
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US SIC 1987: |
5099 - Durable
Goods, Not Elsewhere Classified |
Key Executives
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Name |
Title |
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Kathryn Anne Richardson |
Secretary |
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Michael Anthony Stuart Smith |
Director |
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Stephen Smith |
Director |
Financial Summary
FYE: 31-Oct-2011 USD (mil)
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Key Figures |
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Current Assets |
3.07 |
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Fixed Assets |
0.56 |
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Total Liabilities |
0.42 |
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Net Worth |
2.80 |
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Key Ratios |
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Current Ratio |
7.29 |
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Acid Test |
3.10 |
Registered No.(UK): 04491666
1 - Profit & Loss
Item Exchange Rate: USD 1 = GBP 0.6232605
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6195403
Location
Bridge Street
Colne, BB8 8AA
Lancashire County
United Kingdom
Tel: 01282 860571
Sales GBP(mil): NA
Assets GBP(mil): 2.2
Employees: NA
Fiscal Year End: 31-Oct-2011
Industry: Miscellaneous
Capital Goods
Incorporation
Date: 22-Jul-2002
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(UK): 04491666
Secretary: Kathryn
Anne Richardson
Industry
Codes
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ANZSIC 2006 Codes: |
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3739 |
- |
Other Goods Wholesaling Not Elsewhere Classified |
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NACE 2002 Codes: |
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5113 |
- |
Agents involved in the sale of timber and building materials |
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NAICS 2002 Codes: |
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425120 |
- |
Wholesale Trade Agents and Brokers |
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US SIC 1987: |
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5099 |
- |
Durable Goods, Not Elsewhere Classified |
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UK SIC 2003: |
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5113 |
- |
Agents involved in the sale of timber and building materials |
Agents in building materials.
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Financials in: |
GBP(mil) |
1 Year Growth |
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Assets: |
2.2 |
NA |
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Current Assets: |
1.9 |
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Fixed Assets: |
0.3 |
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Long Term Debt: |
0.0 |
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Total Liabilities: |
0.3 |
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Issued Capital: |
0.0 |
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Working Capital: |
1.6 |
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Net Worth: |
1.7 |
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Date of Financial Data: |
31-Oct-2011 |
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Auditor: |
Ashworth Moulds |
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Auditor: |
Ashworth Moulds |
Board of Directors
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives
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Secretary |
Company Secretary |
Experian Ltd. |
Directors
and Shareholders Report
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Main Office Address: |
Tel: 01282 860571 |
Annual Return Date: 22
Jul 2011 |
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Individual Directors |
||||||
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
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Current |
20 Mar 1946 |
Deanwood, Red Lane, |
22 Jul 2002 |
NA |
Current:3 |
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Current |
19 Jan 1968 |
Bridge Street, Colne, |
01 Sep 2002 |
NA |
Current:2 |
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Previous |
30 Nov 1948 |
Bridge Street, Colne, |
22 Jul 2002 |
22 Apr 2012 |
Current:0 |
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Corporate
Directors |
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Company
Name |
Status |
Registered
Address |
Appointment
Date |
Resignation
Date |
|
Instant Companies Limited |
Previous |
1 Mitchell Lane, |
NA |
22 Jul 2002 |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
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Current |
NA |
Bridge Street, Colne, |
21 Apr 2005 |
NA |
Current:1 |
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Previous |
20 Mar 1946 |
Deanwood, Red Lane, |
22 Jul 2002 |
21 Apr 2005 |
Current:3 |
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Corporate Secretaries |
||||
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Swift Incorporations Limited |
Previous |
26 Church Street, |
NA |
22 Jul 2002 |
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Individual
Shareholders |
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Name |
Share
Details |
Share
Type |
#
of Shares |
Share
Price (GBP) |
Share
Value (GBP) |
%
of Total Shares |
|
J Smith |
500 Ordinary GBP 1.00 |
Ordinary |
500 |
1.00 |
500.00 |
50.00 |
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Michael A S Smith |
500 Ordinary GBP 1.00 |
Ordinary |
500 |
1.00 |
500.00 |
50.00 |
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Corporate
Shareholders |
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There are no corporate shareholders for
this company. |
Annual
Profit & Loss
|
Financials
in: USD (mil) Except
for share items (millions) and per share items (actual units) |
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|
31-Oct-2011 |
31-Oct-2010 |
31-Aug-2009 |
31-Aug-2008 |
31-Aug-2007 |
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Period Length |
52 Weeks |
61 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.62326 |
0.643546 |
0.643147 |
0.502947 |
0.510995 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
Annual
Balance Sheet
Financials in: USD (mil)
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|
31-Oct-2011 |
31-Oct-2010 |
31-Aug-2009 |
31-Aug-2008 |
31-Aug-2007 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.61954 |
0.625469 |
0.613572 |
0.548261 |
0.495774 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Tangible Fixed Assets |
0.2 |
0.1 |
0.1 |
0.2 |
0.2 |
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Intangible Assets |
0.4 |
0.4 |
0.5 |
0.7 |
0.8 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.6 |
0.6 |
0.6 |
0.8 |
1.0 |
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Total Stocks Work In Progress |
1.8 |
1.2 |
1.3 |
2.1 |
1.6 |
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Director Loans |
0.0 |
- |
- |
- |
- |
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Other Debtors |
0.5 |
- |
- |
- |
- |
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Total Debtors |
0.5 |
0.7 |
0.7 |
0.9 |
1.6 |
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Cash and Equivalents |
0.8 |
1.0 |
1.1 |
0.7 |
1.3 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
3.1 |
2.9 |
3.1 |
3.7 |
4.5 |
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Total Assets |
3.6 |
3.5 |
3.7 |
4.5 |
5.5 |
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Other Current Liabilities |
0.4 |
0.4 |
0.7 |
1.2 |
2.1 |
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Total Current Liabilities |
0.4 |
0.4 |
0.7 |
1.2 |
2.1 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
3.2 |
3.1 |
3.0 |
3.3 |
3.4 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
3.2 |
3.1 |
3.0 |
3.3 |
3.4 |
|
Net Worth |
2.8 |
2.6 |
2.5 |
2.7 |
2.6 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Aug-2009 |
31-Aug-2008 |
31-Aug-2007 |
|
Period Length |
52 Weeks |
61 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.62326 |
0.643546 |
0.643147 |
0.502947 |
0.510995 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual Ratios
Financials in: USD (mil)
|
|
31-Oct-2011 |
31-Oct-2010 |
31-Aug-2009 |
31-Aug-2008 |
31-Aug-2007 |
|
Period Length |
52 Weeks |
61 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.61954 |
0.625469 |
0.613572 |
0.548261 |
0.495774 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
7.29 |
6.85 |
4.32 |
3.17 |
2.18 |
|
Liquidity Ratio |
3.10 |
3.98 |
2.55 |
1.38 |
1.39 |
|
Equity Gearing |
87.69% |
87.36% |
80.66% |
74.06% |
62.13% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.08 |
|
|
1 |
Rs.87.03 |
|
Euro |
1 |
Rs.68.36 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.