MIRA
INFORM REPORT
|
Report Date : |
23.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
VAPORMATIC COMPANY LIMITED(THE) |
|
|
|
|
Registered Office : |
P O Box 58 Kestrel Way Sowton Estate EX2 7NB |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.10.2011 |
|
|
|
|
Date of Incorporation : |
29.09.1954 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of Other Agricultural & Forestry Machinery |
|
|
|
|
No. of Employees : |
115 |
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 |
|
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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
VAPORMATIC COMPANY
LIMITED(THE) |
Company Number |
00538655 |
|
Registered Address |
P O BOX 58 |
Trading Address |
PO Box 58 |
|
|
KESTREL WAY |
|
|
|
|
SOWTON ESTATE |
|
|
|
|
EX2 7NB |
|
|
|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number |
01392435461 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
29/09/1954 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with
Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
25/07/2012 |
|
|
|
Share Capital |
£3,020,000 |
|
SIC03 |
2932 |
Currency |
GBP |
|
SIC03 Description |
MANUFACTURE OF OTHER AGRICULTURAL
& FORESTRY MACHINERY |
||
|
SIC07 |
33120 |
||
|
SIC07 Description |
REPAIR OF MACHINERY |
||
|
Principal Activity |
Marketing and
distribution of tractor parts, hydraulic components and systems, power take off
operated and a wide range of accessories for the agricultural and related
industries. |
||
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Date of Birth |
29/07/1964 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
16/07/2004 |
|
|
|
Address |
Clifford House,
Lambert View, Crockernwell, EX6 6NA |
||
|
Name |
Date of Birth |
06/02/1956 |
|
|
Officers Title |
Ms |
Nationality |
American |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
14/09/2007 |
|
|
|
Address |
28 Timber Ridge
Drive, , Coal Valley, |
||
Previous Director/Company
Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
2 |
1 |
|
|
0 |
2 |
|
|
1 |
3 |
|
|
0 |
3 |
|
|
0 |
7 |
|
|
0 |
7 |
|
|
0 |
19 |
|
|
58 |
140 |
|
|
80 |
197 |
|
|
0 |
9 |
|
|
1 |
1 |
|
|
3 |
2 |
|
|
3 |
2 |
|
|
82 |
112 |
|
|
94 |
97 |
|
|
1 |
4 |
|
|
0 |
3 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
1 |
34 |
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
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible
CCJ details |
Writ Details
|
No writs found |
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Individual Share Value |
|
JOHN DEERE LTD |
3,006,000 ORDINARY A GBP
1.00 |
|
JOHN DEERE LTD |
14,000 ORDINARY B GBP
1.00 |
PAYMENT INFORMATION
N/a
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Statistics
|
Summary
|
Group structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
N/A |
31.10.2011 |
- |
€20,882,712,194 |
|
|
SC028492 |
31.10.2011 |
N |
£479,064,000 |
|
|
00538655 |
31.10.2011 |
N |
£22,667,000 |
|
|
IE020235 |
31.10.2011 |
N |
|
|
|
N/A |
- |
- |
|
|
|
IE105782 |
31.10.2011 |
N |
€9,315,669 |
|
|
02218900 |
30.10.2011 |
N |
£28,883,577 |
%20%20-%20191209%2023-Aug-2012_files/image001.gif){kind=small}
DEERE
& Statistics
|
Group |
|
|
Linkages |
71 companies |
|
Countries |
In 21 countries |
Other Linked companies
|
Number |
Latest Key Financials |
||
|
JOHN DEERE SAS |
086280393 |
31.10.2010 |
€930,565,000 |
|
JOHN DEERE FINANCE S.A. |
B88466 |
31.10.2004 |
|
|
JOHN DEERE FORESTRY AS |
957269222 |
31.10.2011 |
€32,406,038 |
|
JOHN DEERE CREDIT OY |
09216908 |
31.10.2008 |
€3,952,000 |
|
JOHN DEERE NEDERLAND
B.V. |
12023490 |
31.10.2010 |
€715,505 |
|
JOHN DEERE ENSCHEDE B.V.
|
06022728 |
31.10.2010 |
€199,873,802 |
|
SVENSKA JOHN DEERE
AKTIEBOLAG |
5560632431 |
31.10.2010 |
31,377 KSEK |
|
JOHN DEERE FABRIEK HORST
B.V. |
12020529 |
31.10.2010 |
€28,764,068 |
|
JOHN DEERE B.V. |
12041265 |
- |
|
|
JOHN DEERE REAL ESTATE
B.V. |
53870816 |
- |
|
|
JOHN DEERE
INTERCONTINENTAL GMBH |
HRB 1137 |
- |
|
|
JOHN DEERE BANK S.A. |
B74106 |
31.10.2011 |
€102,782,000 |
|
AGRIS CORPORATION |
|
- |
|
|
ARRENDADORA JOHN DEERE
S.A. DE |
|
- |
|
|
BANCO JOHN DEERE S.A. |
|
- |
|
|
CAMECO DO BRASIL
COMERCIAL LTD |
|
- |
|
|
CAMECO INDUSTRIES, INC |
|
- |
|
|
CHAMBERLAIN HOLDINGS
LIMITED |
|
- |
|
|
DEERE CAPITAL, INC |
|
- |
|
|
DEERE CREDIT SERVICES,
INC |
|
- |
|
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/10/2011 |
£22,667,000 |
£2,060,000 |
£4,259,000 |
115 |
|
31/10/2010 |
£20,994,000 |
£239,000 |
£2,459,000 |
115 |
|
31/10/2009 |
£19,772,000 |
£122,000 |
£2,288,000 |
115 |
Profit & Loss
|
Date Of Accounts |
31/10/11 |
(%) |
31/10/10 |
(%) |
31/10/09 |
(%) |
31/10/08 |
(%) |
31/10/07 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£22,667,000 |
8% |
£20,994,000 |
6.2% |
£19,772,000 |
7.8% |
£18,346,000 |
10.5% |
£16,602,000 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£16,563,000 |
9.7% |
£15,093,000 |
5.6% |
£14,291,000 |
8.4% |
£13,182,000 |
9.9% |
£11,995,000 |
|
Gross Profit |
£6,104,000 |
3.4% |
£5,901,000 |
7.7% |
£5,481,000 |
6.1% |
£5,164,000 |
12.1% |
£4,607,000 |
|
Wages & Salaries |
£3,853,000 |
11.2% |
£3,464,000 |
3.5% |
£3,347,000 |
4.7% |
£3,197,000 |
12.5% |
£2,842,000 |
|
Directors Emoluments |
£175,000 |
19% |
£147,000 |
-21% |
£186,000 |
7.5% |
£173,000 |
4.2% |
£166,000 |
|
Operating Profit |
£527,000 |
55.9% |
£338,000 |
-6.9% |
£363,000 |
212.9% |
£116,000 |
13.7% |
£102,000 |
|
Depreciation |
£175,000 |
-1.1% |
£177,000 |
7.9% |
£164,000 |
46.4% |
£112,000 |
- |
- |
|
Audit Fees |
£33,000 |
- |
£33,000 |
-2.9% |
£34,000 |
3% |
£33,000 |
3.1% |
£32,000 |
|
Interest Payments |
£114,000 |
15.2% |
£99,000 |
-58.9% |
£241,000 |
-47.4% |
£458,000 |
15.7% |
£396,000 |
|
Pre Tax Profit |
£2,060,000 |
761.9% |
£239,000 |
95.9% |
£122,000 |
135.7% |
-£342,000 |
-999.9% |
-£10,000 |
|
Taxation |
-£161,000 |
-136.8% |
-£68,000 |
2.9% |
-£70,000 |
-262.8% |
£43,000 |
193.5% |
-£46,000 |
|
Profit After Tax |
£1,899,000 |
999.9% |
£171,000 |
228.8% |
£52,000 |
117.4% |
-£299,000 |
-433.9% |
-£56,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£1,899,000 |
999.9% |
£171,000 |
228.8% |
£52,000 |
117.4% |
-£299,000 |
-433.9% |
-£56,000 |
Balance Sheet
|
Date Of Accounts |
31/10/11 |
(%) |
31/10/10 |
(%) |
31/10/09 |
(%) |
31/10/08 |
(%) |
31/10/07 |
|
Tangible Assets |
£3,850,000 |
0.2% |
£3,843,000 |
4.9% |
£3,664,000 |
2.6% |
£3,572,000 |
6.4% |
£3,356,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£3,850,000 |
0.2% |
£3,843,000 |
4.9% |
£3,664,000 |
2.6% |
£3,572,000 |
6.4% |
£3,356,000 |
|
Stock |
£6,866,000 |
9.3% |
£6,283,000 |
7.1% |
£5,867,000 |
14.7% |
£5,114,000 |
16.7% |
£4,384,000 |
|
Trade Debtors |
£2,530,000 |
10.3% |
£2,293,000 |
5.3% |
£2,178,000 |
3.4% |
£2,107,000 |
6.3% |
£1,982,000 |
|
Cash |
£292,000 |
14.5% |
£255,000 |
- |
£255,000 |
347.4% |
£57,000 |
-80.8% |
£297,000 |
|
Other Debtors |
£2,443,000 |
84% |
£1,328,000 |
2.5% |
£1,295,000 |
-23.9% |
£1,701,000 |
-0.9% |
£1,716,000 |
|
Miscellaneous Current
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£12,131,000 |
19.4% |
£10,159,000 |
5.9% |
£9,595,000 |
6.9% |
£8,979,000 |
7.2% |
£8,379,000 |
|
Trade Creditors |
£2,049,000 |
5.4% |
£1,944,000 |
25.1% |
£1,554,000 |
-4.1% |
£1,620,000 |
-14.5% |
£1,895,000 |
|
Bank Loans &
Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£174,000 |
-57.1% |
£406,000 |
-87.4% |
£3,217,000 |
28% |
£2,514,000 |
71.8% |
£1,463,000 |
|
Miscellaneous Current
Liabilities |
£1,129,000 |
21.1% |
£932,000 |
15.6% |
£806,000 |
-17.8% |
£980,000 |
1.1% |
£969,000 |
|
Total Current
Liabilities |
£3,352,000 |
2.1% |
£3,282,000 |
-41.2% |
£5,577,000 |
9.1% |
£5,114,000 |
18.2% |
£4,327,000 |
|
Bank Loans &
Overdrafts and LTL |
£8,370,000 |
1.3% |
£8,261,000 |
53.2% |
£5,394,000 |
3.7% |
£5,201,000 |
6.7% |
£4,873,000 |
|
Other Long Term Finance |
£8,292,000 |
1.4% |
£8,175,000 |
51.6% |
£5,394,000 |
3.7% |
£5,201,000 |
6.7% |
£4,873,000 |
|
Total Long Term
Liabilities |
£8,370,000 |
1.3% |
£8,261,000 |
53.2% |
£5,394,000 |
3.7% |
£5,201,000 |
6.7% |
£4,873,000 |
Capital & Reserves
|
Date Of Accounts |
31/10/11 |
(%) |
31/10/10 |
(%) |
31/10/09 |
(%) |
31/10/08 |
(%) |
31/10/07 |
|
Called Up Share Capital |
£3,020,000 |
- |
£3,020,000 |
- |
£3,020,000 |
- |
£3,020,000 |
- |
£3,020,000 |
|
P & L Account
Reserve |
£897,000 |
199.1% |
-£905,000 |
16% |
-£1,078,000 |
4.8% |
-£1,132,000 |
-35.6% |
-£835,000 |
|
Revaluation Reserve |
£249,000 |
-0.8% |
£251,000 |
-0.8% |
£253,000 |
-0.8% |
£255,000 |
-0.8% |
£257,000 |
|
Sundry Reserves |
£93,000 |
- |
£93,000 |
- |
£93,000 |
- |
£93,000 |
- |
£93,000 |
|
Shareholder Funds |
£4,259,000 |
73.2% |
£2,459,000 |
7.5% |
£2,288,000 |
2.3% |
£2,236,000 |
-11.8% |
£2,535,000 |
Other Financial Items
|
Date Of Accounts |
31/10/11 |
(%) |
31/10/10 |
(%) |
31/10/09 |
(%) |
31/10/08 |
(%) |
31/10/07 |
|
Net Worth |
£4,259,000 |
73.2% |
£2,459,000 |
7.5% |
£2,288,000 |
2.3% |
£2,236,000 |
-11.8% |
£2,535,000 |
|
Working Capital |
£8,779,000 |
27.7% |
£6,877,000 |
71.2% |
£4,018,000 |
4% |
£3,865,000 |
-4.6% |
£4,052,000 |
|
Total Assets |
£15,981,000 |
14.1% |
£14,002,000 |
5.6% |
£13,259,000 |
5.6% |
£12,551,000 |
7% |
£11,735,000 |
|
Total Liabilities |
£11,722,000 |
1.6% |
£11,543,000 |
5.2% |
£10,971,000 |
6.4% |
£10,315,000 |
12.1% |
£9,200,000 |
|
Net Assets |
£4,259,000 |
73.2% |
£2,459,000 |
7.5% |
£2,288,000 |
2.3% |
£2,236,000 |
-11.8% |
£2,535,000 |
Miscellaneous
|
Date Of Accounts |
31/10/11 |
(%) |
31/10/10 |
(%) |
31/10/09 |
(%) |
31/10/08 |
(%) |
31/10/07 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£12,629,000 |
17.8% |
£10,720,000 |
39.5% |
£7,682,000 |
3.3% |
£7,437,000 |
0.4% |
£7,408,000 |
Ratios
|
Date Of Accounts |
31/10/11 |
31/10/10 |
31/10/09 |
31/10/08 |
31/10/07 |
|
Pre-tax profit margin % |
9.09 |
1.14 |
0.62 |
-1.86 |
-0.06 |
|
Current ratio |
3.62 |
3.10 |
1.72 |
1.76 |
1.94 |
|
Sales/Net Working
Capital |
2.58 |
3.05 |
4.92 |
4.75 |
4.10 |
|
Gearing % |
196.50 |
335.90 |
235.80 |
232.60 |
192.20 |
|
Equity in % |
26.70 |
17.60 |
17.30 |
17.80 |
21.60 |
|
Creditor Days |
32.90 |
33.70 |
28.60 |
32.14 |
41.55 |
|
Debtor Days |
40.62 |
39.75 |
40.09 |
41.80 |
43.46 |
|
Liquidity/Acid Test |
1.57 |
1.18 |
0.66 |
0.75 |
0.92 |
|
Return On Capital
Employed % |
16.31 |
2.22 |
1.58 |
-4.59 |
-0.13 |
|
Return On Total Assets
Employed % |
12.89 |
1.70 |
0.92 |
-2.72 |
-0.08 |
|
Current Debt Ratio |
0.78 |
1.33 |
2.43 |
2.28 |
1.70 |
|
Total Debt Ratio |
2.75 |
4.69 |
4.79 |
4.61 |
3.62 |
|
Stock Turnover Ratio % |
30.29 |
29.92 |
29.67 |
27.87 |
26.41 |
|
Return on Net Assets
Employed % |
48.36 |
9.71 |
5.33 |
-15.29 |
-0.39 |
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors / Bad Debt
Detail
|
No Debtor Data |
|
Total Value |
- |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Commentary
|
No exact match CCJs are
recorded against the company. |
|
The company's credit
rating has increased from 89 to 99 which indicates very good creditworthiness. |
|
The credit limit on this
company has risen 22.6% in comparison to the previously suggested credit
limit. |
|
Sales in the latest
trading period increased 8% on the previous trading period. |
|
Net Worth increased by
73.2% during the latest trading period. |
|
A 14.1% growth in Total
Assets occurred during the latest trading period. |
|
Pre-tax profits
increased by 761.9% compared to the previous trading period. |
|
The company saw an increase
in their Cash Balance of 14.5% during the latest trading period. |
|
The audit report
contains no adverse comments. |
|
No recent changes in
directorship are recorded. |
|
The company is part of a
group. |
|
The company was
established over 57 years ago. |
|
Year to Date |
Employees |
|
31/10/2011 |
115 |
|
31/10/2010 |
115 |
|
31/10/2009 |
115 |
Current Company Secretary
|
Name |
Date of Birth |
05/05/1962 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
28/03/2002 |
|
|
|
Address |
Bramber, Salty
Lane, Shaldon, TQ14 0AP |
||
Miscellaneous
|
Date Of Accounts |
31/10/11 |
(%) |
31/10/10 |
(%) |
31/10/09 |
(%) |
31/10/08 |
(%) |
31/10/07 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£12,629,000 |
17.8% |
£10,720,000 |
39.5% |
£7,682,000 |
3.3% |
£7,437,000 |
0.4% |
£7,408,000 |
|
Number of Employees |
115 |
- |
115 |
- |
115 |
8.5% |
106 |
7.1% |
99 |
|
Auditors |
DELOITTE LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
Bank Branch Code |
20-30-19 |
||||||||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
01/08/2012 |
New Accounts Filed |
|
11/08/2011 |
Annual Returns |
|
18/12/2010 |
New Accounts Filed |
|
09/08/2010 |
Annual Returns |
|
19/07/2010 |
New Accounts Filed |
|
19/07/2010 |
New Accounts Filed |
|
07/08/2009 |
Annual Returns |
|
12/06/2009 |
New Accounts Filed |
|
02/09/2008 |
New Accounts Filed |
|
01/08/2008 |
Annual Returns |
|
21/09/2007 |
DIETER HECHT has left
the board |
|
10/09/2007 |
New Accounts Filed |
|
30/06/2006 |
New Accounts Filed |
|
16/11/2005 |
New Accounts Filed |
|
20/07/2005 |
New Accounts Filed |
Previous Company Names
|
No Previous Names found |
Mortgage Details
|
Mortgage Type: |
GUARANTEE &
DEBENTURE |
||
|
Date Charge Created: |
21/04/00 |
|
|
|
Date Charge Registered: |
02/05/00 |
|
|
|
Date Charge Satisfied: |
09/02/01 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
ROYAL BANK OF SCOTLAND
PLC (AS AGENT AND TRUSTEE) |
||
|
Amount Secured: |
ALL PRESENT AND FUTURE OBLIGATIONS
AND LIABILITIES OF EACH OBLIGOR (AS DEFINED)TO THE SECURITY TRUST EE AND THE
SECUREDBENEFICIARIES (AS DEFINED) AND TO ANY OF THEM UNDER THE FINANCING
DOCUMENTS (ASDEF INED) |
||
|
Details: |
FIXED AND FLOATING CHARGES
OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLU
DING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND
MACHINERY |
||
|
Mortgage Type: |
GENERAL CHARGE. |
||
|
Date Charge Created: |
27/01/81 |
|
|
|
Date Charge Registered: |
03/02/81 |
|
|
|
Date Charge Satisfied: |
03/02/81 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
EAGLE STAR INSURANCE CO
LTD. |
||
|
Amount Secured: |
ALL MONEY DUE OR TO BECOME
DUE FORM GROVEWOOD SECURITIES LIMITED TO THE CHARGEE |
||
|
Details: |
ALL THE FREEHOLD AND
LEASEHOLD PROPERTYIN ENGLAND AND WALES OF THE COMPANY BOTH PRESENT AND FUTURE
A ND THE FIXTURES INTHE NATURE OF LANDLORDS FIXTURES AND TRADE FIXTURES FROM TIME
TO TIME THEREON BUT EXCLUDING AND LEASEHOLD PROPERTY WHERE THE REVERSIONERS
CONSENT TO SUCH CHARGE IS NECESSARY UNLESS A ND UNTIL ANY NECESSARY CONSENT
TO THE CHARGING OF SUCH PROPERTY HAS BEEN OBTAINED FROM THE REVERSION ER |
||
NOTES & COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.18 |
|
|
1 |
Rs.87.65 |
|
Euro |
1 |
Rs.69.16 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.