MIRA INFORM REPORT
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Report Date : |
22.08.2012 |
IDENTIFICATION DETAILS
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Name : |
GWAZA LTD |
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Registered Office : |
Ennerdale Road Harlescott Shrewsbury, SY1 3NR |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
31.10.1967 |
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Com. Reg. No.: |
00920639 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of agricultural machinery and accessories and implements, including tractors |
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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 : |
Slow |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Gwaza Ltd
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Business
Description
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Wholesale of agricultural machinery and accessories and implements,
including tractors. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
5188 -
Wholesale of agricultural machinery and accessories and implements, including
tractors |
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NAICS 2002: |
423820 -
Farm and Garden Machinery and Equipment Merchant Wholesalers |
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UK SIC 2003: |
5188 - Wholesale
of agricultural machinery and accessories and implements, including tractors |
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US SIC 1987: |
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Key Executives
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Financial Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593
Corporate Overview
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Corporate Structure News
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Gwaza Ltd |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Shrewsbury |
United Kingdom |
Business Services |
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15 |
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Subsidiary |
Shrewsbury |
United Kingdom |
Construction and Agriculture Machinery |
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Executives Report
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Directors and Shareholders Report
Annual Return Date: 16 Jan 2012
Total Issued Capital (GBP 000): 10
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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 |
07 Feb 1958 |
103 Longden Coleham, |
04 Aug 2002 |
NA |
Current:5 |
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Previous |
19 Mar 1935 |
10 Broomhall Lane, Bomere Heath, |
16 Jan 1992 |
07 Sep 2001 |
Current:0 |
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Previous |
03 Aug 1931 |
10 Broomhall Lane, Bomere Heath, |
16 Jan 1992 |
01 Sep 2002 |
Current:0 |
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Previous |
15 May 1940 |
8 St Catherines Drive, Radbrook, |
16 Jan 1992 |
02 Apr 2002 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this company. |
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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 |
23 Apr 1953 |
46 Blakemere Close, |
01 Apr 2006 |
NA |
Current:2 |
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Previous |
06 Mar 1967 |
103 Longden Coleham, |
01 Jun 2003 |
01 Apr 2006 |
Current:0 |
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Previous |
27 Mar 1942 |
8 Saint Catherines Drive, Radbrook, |
02 Apr 2002 |
30 May 2003 |
Current:0 |
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Previous |
19 Mar 1935 |
10 Broomhall Lane, Bomere Heath, |
16 Jan 1992 |
07 Sep 2001 |
Current:0 |
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Previous |
03 Aug 1931 |
10 Broomhall Lane, Bomere Heath, |
07 Sep 2001 |
02 Apr 2002 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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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 |
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Christopher Oates |
200 Ordinary GBP 1.00 |
Ordinary |
200 |
1.00 |
200.00 |
2.00 |
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Mark Tunmore |
500 Ordinary GBP 1.00 |
Ordinary |
500 |
1.00 |
500.00 |
5.00 |
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Nadia Weston |
200 Ordinary GBP 1.00 |
Ordinary |
200 |
1.00 |
200.00 |
2.00 |
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Victor Edwards (Nominee) |
100 Ordinary GBP 1.00 |
Ordinary |
100 |
1.00 |
100.00 |
1.00 |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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04459357 |
9000 Ordinary GBP 1.00 |
Ordinary |
9,000 |
1.00 |
9,000.00 |
90.00 |
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Annual Profit & Loss
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Tangible Fixed Assets |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.8 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.9 |
0.0 |
0.1 |
0.0 |
0.0 |
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Total Stocks Work In Progress |
1.3 |
1.2 |
0.9 |
0.9 |
0.9 |
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Total Debtors |
1.0 |
1.0 |
0.8 |
0.6 |
0.8 |
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Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
2.4 |
2.2 |
1.7 |
1.5 |
1.8 |
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Total Assets |
3.2 |
2.3 |
1.8 |
1.6 |
1.8 |
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Bank Overdraft |
- |
- |
- |
- |
0.1 |
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Other Current Liabilities |
0.9 |
0.8 |
0.5 |
0.5 |
0.6 |
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Total Current Liabilities |
0.9 |
0.8 |
0.5 |
0.5 |
0.7 |
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Group Loans (Long Term Liability) |
- |
0.0 |
- |
- |
0.0 |
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Director Loans (Long Term Liability) |
- |
0.0 |
- |
- |
0.0 |
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Hire Purchase (Long Term Liability) |
- |
0.0 |
- |
- |
0.0 |
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Leasing (Long Term Liability) |
- |
0.0 |
- |
- |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
- |
0.0 |
- |
- |
0.0 |
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Other Long Term Loans |
- |
0.0 |
- |
- |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
- |
0.0 |
- |
- |
0.0 |
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Other Long Term Liabilities |
0.7 |
0.0 |
0.0 |
0.1 |
0.0 |
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Total Long Term Liabilities |
0.7 |
0.0 |
0.0 |
0.1 |
0.0 |
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Deferred Taxation |
- |
- |
- |
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 |
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Share Premium Accounts |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
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Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Retained Earnings |
1.6 |
1.3 |
1.2 |
0.9 |
1.0 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
1.7 |
1.4 |
1.2 |
1.0 |
1.1 |
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Net Worth |
1.7 |
1.4 |
1.2 |
1.0 |
1.1 |
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Annual Cash
Flows |
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Financials in:
USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
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Consolidated |
No |
No |
No |
No |
No |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
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Consolidated |
No |
No |
No |
No |
No |
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Current Ratio |
2.74 |
2.64 |
3.29 |
3.15 |
2.40 |
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Liquidity Ratio |
1.21 |
1.25 |
1.53 |
1.38 |
1.18 |
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Borrowing Ratio |
- |
- |
- |
- |
9.97% |
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Equity Gearing |
51.82% |
62.11% |
69.01% |
63.26% |
58.87% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.54 |
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1 |
Rs.87.39 |
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Euro |
1 |
Rs.68.72 |
INFORMATION DETAILS
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Report
Prepared by : |
PRL |
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 |
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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.