MIRA INFORM REPORT
|
Report Date : |
04.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CED LTD. |
|
|
|
|
Registered Office : |
728 London Road, Grays, RM20 3LU |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
03.04.1959 |
|
|
|
|
Com. Reg. No.: |
00624843 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Wholesale Trade
Agents and Brokers |
|
|
|
|
No. of Employees
: |
70 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
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) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
COMPANY
NAME AND ADDRESS
Ced
Ltd.
728 London Road
Grays, RM20 3LU
United Kingdom
Tel: 01708867237
Fax: 01708867230
Web site: www.ced.ltd.uk
Employees: 70
Company Type: Private
Parent
Corporate Family: 4
Companies
Quoted Status: Non-quoted
Company
Incorporation Date:
03-Apr-1959
Auditor: Wilkins Kennedy
Financials in: USD (Millions)
Fiscal Year End: 30-Jun-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 19.5
Net Income: 0.3
Total Assets: 13.3
Business Description
Distribution of specialised stones, paving, aggregates and which are source worldwide for the construction, civil engineering, and landscape industries and other users, principally in the uk.
Industry
|
Industry |
Miscellaneous Capital Goods |
|
ANZSIC 2006: |
3739 - Other Goods Wholesaling Not Elsewhere Classified |
|
NACE 2002: |
5113 - Agents involved in the sale of timber and building materials |
|
NAICS 2002: |
425120 - Wholesale Trade Agents and Brokers |
|
UK SIC 2003: |
5113 - Agents involved in the sale of timber and building materials |
|
US SIC 1987: |
5099 - Durable Goods, Not Elsewhere Classified |
Key Executives
|
Name |
Title |
|
Richard Robert Davies |
Secretary |
|
Julie Devenish |
Human Resources Manager |
|
Ian John Burridge |
Director |
|
Ian Philip Devenish |
Director |
|
Gary Ewing |
Director |
Financial Summary
FYE: 30-Jun-2011 USD (mil)
|
Key Figures |
|
|
Current Assets |
7.84 |
|
Fixed Assets |
5.49 |
|
Total Liabilities |
7.54 |
|
Net Worth |
4.48 |
|
Key Ratios |
|
|
Current Ratio |
1.04 |
|
Acid Test |
0.66 |
|
Debt Gearing |
29.22 |
Registered No.(UK): 00624843
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6291059
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6228783
Location
728 London Road
Grays, RM20 3LU
Essex County
United Kingdom
Tel:01708867237
Fax:01708867230
Sales GBP(mil): 12.2
Assets GBP(mil): 8.3
Employees: 70
Fiscal Year End: 30-Jun-2011
Industry: Miscellaneous
Capital Goods
Registered Address : 728 London Road
West Thurrock
Grays, RM20 3LU
United Kingdom
Incorporation Date :
03-Apr-1959
Company Type : Private Parent
Quoted Status :
Not Quoted
Registered No.(UK) :
00624843
Secretary : Richard Robert Davies
Industry
Codes
|
ANZSIC 2006 Codes: |
||
|
3739 |
- |
Other Goods Wholesaling Not Elsewhere Classified |
|
NACE 2002 Codes: |
||
|
5113 |
- |
Agents involved in the sale of timber and building materials |
|
NAICS 2002 Codes: |
||
|
425120 |
- |
Wholesale Trade Agents and Brokers |
|
US SIC 1987: |
||
|
5099 |
- |
Durable Goods, Not Elsewhere Classified |
|
UK SIC 2003: |
||
|
5113 |
- |
Agents involved in the sale of timber and building materials |
Business
Description
Distribution of specialised stones, paving, aggregates and which are source worldwide for the construction, civil engineering, and landscape industries and other users, principally in the UK.
More Business Descriptions
Stone Merchants
Financial
Data
|
Financials in: |
GBP(mil) |
1 Year Growth |
|
Revenue: |
12.2 |
7.5% |
|
Net Income: |
0.2 |
NA |
|
Assets: |
8.3 |
NA |
|
Current Assets: |
4.9 |
|
|
Fixed Assets: |
3.4 |
|
|
Long Term Debt: |
0.8 |
|
|
Total Liabilities: |
5.5 |
|
|
Issued Capital: |
0.0 |
|
|
Working Capital: |
0.2 |
|
|
Net Worth: |
2.8 |
|
|
Date of Financial Data: |
30-Jun-2011 |
Key Corporate Relationships
Auditor: Wilkins Kennedy
Auditor: Wilkins Kennedy
GBP(mil)
Audit Fees: 0.0
Audit Fiscal Year: 06-30-2011
Corporate
Structure News
Total Corporate Family Members: 4
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Grays |
United Kingdom |
Miscellaneous Capital Goods |
19.5 |
70 |
|
|
UK Branch/Trading address |
Nottingham |
United Kingdom |
Construction - Raw Materials |
19.5 |
6 |
|
|
UK Branch/Trading address |
West Drayton |
United Kingdom |
Construction - Raw Materials |
19.5 |
5 |
|
|
UK Branch/Trading address |
Hartlepool |
United Kingdom |
Construction - Raw Materials |
19.5 |
1 |
BOARD OF DIRECTORS
|
|
|
|
||||
|
Director |
Director/Board Member |
|
||||
|
|
||||||
|
Director |
Director/Board Member |
|
|
|||
|
|
||||||
|
Director |
Director/Board Member |
|
|
|||
|
|
||||||
|
Director |
Director/Board Member |
|
|
|||
|
|
||||||
|
Director |
Director/Board Member |
|
|
|||
|
|
||||||
|
Director |
Director/Board Member |
|
|
|||
|
|
||||||
|
Director |
Director/Board Member |
|
|
|||
|
|
||||||
|
|
Executives
|
|
|
|||
|
Secretary |
Company Secretary |
|||
|
|||||
|
Human Resources Manager |
Human Resources Executive |
|
||
|
Director |
Other |
|
||
|
|||||
|
Director |
Other |
|
||
|
|||||
Directors
and Shareholders Report
|
Main Office Address: |
Tel: 01708867237 |
Annual Return Date: 31
May 2012 |
|
Individual Directors |
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
|
Current |
17 Jun 1965 |
728 London Road, West Thurrock, |
25 Sep 2008 |
NA |
Current:1 |
|
|
|
Current |
24 Aug 1961 |
728 London Road, West Thurrock, |
25 Sep 2008 |
NA |
Current:1 |
|
|
|
Current |
31 Oct 1950 |
728 London Road, West Thurrock, |
25 Mar 1993 |
NA |
Current:10 |
|
|
|
Current |
03 Sep 1970 |
728 London Road, |
07 Jan 1999 |
NA |
Current:2 |
|
|
|
Current |
08 Mar 1942 |
728 London Road, West Thurrock, |
07 Jan 1999 |
NA |
Current:1 |
|
|
|
Current |
14 Apr 1972 |
728 London Road, West Thurrock, |
07 Jan 1999 |
NA |
Current:1 |
|
|
|
Current |
15 Apr 1956 |
43 Meadway, |
29 Jan 2002 |
NA |
Current:1 |
|
|
|
Current |
26 Sep 1946 |
728 London Road, West Thurrock, |
10 Jul 1991 |
NA |
Current:6 |
|
|
|
Previous |
18 May 1952 |
The Heathers, Leapley Lane Yeavely, |
10 Jul 1991 |
16 Nov 1998 |
Current:0 |
|
|
|
Previous |
19 Mar 1914 |
Chart House Chart Lane, Brasted, |
30 Jun 1993 |
25 Nov 1997 |
Current:0 |
|
|
Corporate Directors
There are no corporate directors for this company.
|
Individual Secretaries |
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
|
Current |
31 Oct 1950 |
728 London Road, West Thurrock, |
09 Nov 1992 |
NA |
Current:10 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
Corporate Secretaries
There are no corporate secretaries for this company.
|
Individual Shareholders |
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Giles Elliott James Walley Heap |
2826 Ordinary GBP 1.00 |
Ordinary |
2,826 |
1.00 |
2,826.00 |
20.30 |
|
Michael Elliott Walley Heap |
11081 Ordinary GBP 1.00 |
Ordinary |
11,081 |
1.00 |
11,081.00 |
79.59 |
|
|
|
|
|
|
|
|
Corporate Shareholders
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
00276474 |
15 Redeemable Ordinary GBP 1.00 |
Redeemable Ordinary |
15 |
1.00 |
15.00 |
0.11 |
Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.629106 |
0.633607 |
0.627423 |
0.499214 |
0.517836 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
- |
18.0 |
- |
- |
- |
|
Turnover (Exports) |
- |
0.0 |
- |
- |
- |
|
Total Turnover |
19.5 |
18.0 |
17.1 |
19.5 |
17.9 |
|
Cost of Sales |
14.5 |
13.6 |
13.1 |
14.5 |
13.7 |
|
Gross Profit |
5.0 |
4.4 |
3.9 |
5.1 |
4.3 |
|
Depreciation |
0.2 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Other Expenses |
4.5 |
4.1 |
4.3 |
4.6 |
3.9 |
|
Operating Profit |
0.5 |
0.3 |
- |
0.5 |
0.3 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.1 |
0.1 |
0.2 |
0.4 |
0.2 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
0.3 |
0.2 |
-0.6 |
0.1 |
0.1 |
|
Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
0.3 |
0.2 |
-0.6 |
0.1 |
0.1 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
70 |
71 |
73 |
68 |
69 |
|
Wages |
3.0 |
2.8 |
2.8 |
3.2 |
2.8 |
|
Social Security Costs |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Pensions |
- |
- |
- |
0.0 |
0.0 |
|
Other Pension Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees Remuneration |
3.4 |
3.2 |
3.2 |
3.6 |
3.2 |
|
Directors Emoluments |
- |
- |
- |
0.5 |
0.4 |
|
Other Costs |
- |
- |
- |
0.0 |
0.0 |
|
Directors Remuneration |
0.6 |
0.6 |
0.5 |
0.5 |
0.5 |
|
Highest Paid Director |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.622878 |
0.668405 |
0.60722 |
0.502475 |
0.498418 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
4.1 |
4.4 |
4.8 |
5.8 |
4.1 |
|
Fixtures & Fittings |
0.7 |
0.6 |
0.7 |
0.8 |
0.7 |
|
Plant & Vehicles |
0.7 |
0.5 |
0.5 |
0.6 |
0.5 |
|
Total Tangible Fixed Assets |
5.5 |
5.5 |
6.0 |
7.2 |
5.3 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
5.5 |
5.5 |
6.0 |
7.2 |
5.3 |
|
Stocks |
2.9 |
2.6 |
2.6 |
3.2 |
2.3 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
2.9 |
2.6 |
2.6 |
3.2 |
2.3 |
|
Trade Debtors |
4.0 |
3.7 |
3.3 |
3.8 |
3.9 |
|
Other Debtors |
0.5 |
0.2 |
0.2 |
0.5 |
0.2 |
|
Total Debtors |
4.5 |
4.0 |
3.5 |
4.3 |
4.1 |
|
Cash and Equivalents |
0.4 |
0.1 |
0.1 |
0.0 |
0.3 |
|
Other Current Assets |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
7.8 |
6.8 |
6.3 |
7.5 |
6.7 |
|
Total Assets |
13.3 |
12.3 |
12.3 |
14.7 |
12.0 |
|
Trade Creditors |
3.0 |
2.9 |
3.1 |
3.7 |
3.3 |
|
Bank Overdraft |
0.1 |
0.1 |
0.1 |
0.3 |
0.1 |
|
Hire Purchase (Current Liability) |
- |
0.1 |
0.1 |
0.2 |
0.1 |
|
Finance Lease (Current Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.2 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Total Short Term Loans |
3.1 |
2.8 |
2.3 |
1.7 |
2.0 |
|
Accruals/Deferred Income (Current Liability) |
0.3 |
0.0 |
0.0 |
0.0 |
- |
|
Social Security/VAT |
0.7 |
0.5 |
0.3 |
0.5 |
0.5 |
|
Other Current Liabilities |
0.2 |
0.1 |
0.1 |
0.0 |
0.2 |
|
Total Current Liabilities |
7.5 |
6.5 |
6.0 |
6.4 |
6.1 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Other Long Term Loans |
1.1 |
1.2 |
1.4 |
1.8 |
1.3 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
1.3 |
1.4 |
1.6 |
2.0 |
1.5 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Revaluation Reserve |
3.8 |
4.1 |
4.5 |
5.4 |
3.7 |
|
Retained Earnings |
0.3 |
0.0 |
-0.2 |
0.5 |
0.4 |
|
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 |
|
Total Shareholders Funds |
4.5 |
4.4 |
4.7 |
6.3 |
4.4 |
|
Net Worth |
4.5 |
4.4 |
4.7 |
6.3 |
4.4 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.629106 |
0.633607 |
0.627423 |
0.499214 |
0.517836 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.8 |
-0.3 |
-0.1 |
0.0 |
0.1 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
-0.1 |
-0.2 |
-0.4 |
-0.2 |
|
Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
-0.1 |
-0.1 |
-0.1 |
-0.3 |
-0.2 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-0.2 |
0.5 |
0.6 |
0.1 |
0.4 |
|
Increase in Cash |
0.3 |
0.0 |
0.2 |
-0.5 |
0.0 |
Annual Ratios
Financials in: USD (mil)
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.622878 |
0.668405 |
0.60722 |
0.502475 |
0.498418 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.04 |
1.04 |
1.04 |
1.17 |
1.10 |
|
Liquidity Ratio |
0.66 |
0.63 |
0.60 |
0.67 |
0.72 |
|
Stock Turnover |
6.81 |
6.44 |
6.66 |
6.12 |
7.94 |
|
Credit Period (Days) |
74.72 |
80.06 |
68.34 |
72.20 |
75.79 |
|
Working Capital by Sales |
1.50% |
1.52% |
1.48% |
5.65% |
3.24% |
|
Trade Credit by Debtors |
0.73 |
0.79 |
0.94 |
0.96 |
0.86 |
|
Return on Capital |
5.83% |
2.63% |
-9.16% |
1.42% |
1.89% |
|
Return on Assets |
2.53% |
1.24% |
-4.66% |
0.80% |
0.93% |
|
Profit Margin |
1.72% |
0.89% |
-3.25% |
0.61% |
0.60% |
|
Return on Shareholders Funds |
7.54% |
3.46% |
-12.31% |
1.87% |
2.51% |
|
Borrowing Ratio |
104.29% |
100.01% |
87.79% |
65.58% |
81.89% |
|
Equity Gearing |
33.58% |
35.69% |
37.87% |
42.98% |
36.88% |
|
Debt Gearing |
29.22% |
31.61% |
34.39% |
31.44% |
33.10% |
|
Interest Coverage |
2.54 |
1.10 |
-2.56 |
0.32 |
0.44 |
|
Sales by Tangible Assets |
3.58 |
3.09 |
2.94 |
2.70 |
3.52 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.3 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Employee Remuneration by Sales |
17.56% |
17.66% |
18.65% |
18.61% |
17.74% |
|
Creditor Days (Cost of Sales Based) |
73.70 |
83.23 |
83.58 |
93.65 |
85.31 |
|
Creditor Days (Sales Based) |
54.78 |
62.97 |
64.32 |
69.31 |
64.97 |
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.