MIRA INFORM REPORT

 

 

Report Date :           

06.02.2012

 

IDENTIFICATION DETAILS

 

Name :

BEPCO GROUP LTD.

 

 

Registered Office :

Bepco House, 316 Hartlebury Trading Estate, Hartlebury, Kidderminster, DY10 4JB

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

27.11.1997

 

 

Com. Reg. No.:

03472543

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Subject is a suppliers of tractor parts and accessories worldwide

 

 

No. of Employees :

55

 

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 – 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 & address 

 

Bepco Group Ltd.

Unit 316

Hartlebury Trading Estate

Hartlebury

Kidderminster, DY10 4JB

United Kingdom

(Trading Address)

Registered Address

Tel:       01299 252200

 Web:   www.bepco-tracpiecs.com

           

 

Synthesis

 

Employees:                  55

Company Type:            Private Subsidiary

Corporate Family:          6 Companies

Ultimate Parent:            Gb London Spa

Quoted Status:             Non-quoted Company

Incorporation Date:         27-Nov-1997

Auditor: Grant               Thornton UK LLP          

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       British Pound Sterling

Annual Sales:                17.3  1

Net Income:                   0.8

Total Assets:                 24.5

 

 

Business Description     

 

Founded in 1958, Bepco Group Ltd. is one of the leading, independent suppliers of tractor parts and accessories worldwide. The company serves clients in the agricultural industry. It provides power lifts, tools, alternators, seats, and cooling, electrical and linkage devices. The company offers air conditioning technical parts, tool boxes, repair kits, heating plug indicators, ring gears, and water and fuel pumps. It provides products of the Bepco brand to several local enterprises and distributors. The company offers a range of quality control, sales, and technical and customer support solutions. In addition, it provides front lights, starter motors, hydraulic filters, injector nozzles and brake drums.

 

Industry             

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:      5190 - Other wholesale

NAICS 2002:     423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:    5190 - Other wholesale

US SIC 1987:    5099 - Durable Goods, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Keith Palmer

Secretary

Giorgio Fioranelli

Director

Salvo Mazzotta

Director

 

 

 

Financial Summary    

 

FYE: 31-Dec-2010          USD (mil)

Key Figures    

Current Assets              22.87

Fixed Assets                 1.65

Total Liabilities               5.83

Net Worth                     18.69

 

Key Ratios       

Current Ratio                 3.92

Acid Test                      3.06

 

Registered No.(UK): 03472543

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123

 

 

Corporate Overview

 

Location

Unit 316

Hartlebury Trading Estate

Hartlebury

Kidderminster, DY10 4JB

Worcestershire County

United Kingdom

Tel:       01299 252200

Web:    www.bepco-tracpiecs.com

           


 

Sales GBP(mil):             11.2

Assets GBP(mil):           15.7

Employees:                   55

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

Bepco House

316 Hartlebury Trading Estate

Hartlebury

Kidderminster, DY10 4JB

United Kingdom

 

Incorporation Date:         27-Nov-1997

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       03472543

Director:                        Giorgio Fioranelli

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190     -          Other wholesale

 

NAICS 2002 Codes:

423990  -          Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190     -          Other wholesale

 

Business Description

Founded in 1958, Bepco Group Ltd. is one of the leading, independent suppliers of tractor parts and accessories worldwide. The company serves clients in the agricultural industry. It provides power lifts, tools, alternators, seats, and cooling, electrical and linkage devices. The company offers air conditioning technical parts, tool boxes, repair kits, heating plug indicators, ring gears, and water and fuel pumps. It provides products of the Bepco brand to several local enterprises and distributors. The company offers a range of quality control, sales, and technical and customer support solutions. In addition, it provides front lights, starter motors, hydraulic filters, injector nozzles and brake drums.

More Business Descriptions

·         Bepco Group Ltd. is an independent supplier of tractor parts, tools and accessories to the agricultural sector. It offers its products through distributors and suppliers in the United Kingdom. The company offers a wide range of fuel injections, alternato (Updated by OneSource Information Services)

·         Agricultural Vehicle Suppliers

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

11.2

Net Income:

0.5

Assets:

15.7

Current Assets:

14.6

 

Fixed Assets:

1.1

 

Long Term Debt:

0.0

 

Total Liabilities:

3.7

 

Issued Capital:

0.0

 

Working Capital:

10.9

 

Net Worth:

11.9

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-4.9%

NA

NA

 

Key Corporate Relationships

Auditor:

Grant Thornton UK LLP

Bank:

Kbc Bank Nv

 

Auditor:

Grant Thornton UK LLP

 

Auditor History

Grant Thornton UK LLP

31-Dec-2010

Grant Thornton UK LLP

31-Dec-2009

Grant Thornton UK LLP

31-Dec-2008

Grant Thornton UK LLP

31-Dec-2007

Rsm Robson Rhodes LLP

31-Dec-2006

 

 

 

GBP(mil)

Audit Fees:

0.1

Audit Fiscal Year:

12-31-2010

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Bepco Group Ltd.

Bepco Group Ltd. 
Total Corporate Family Members: 6 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Gb London Spa

Parent

 

 

 

 

 

 

Tractiv Group Ltd.

Subsidiary

Kidderminster

United Kingdom

Personal Services

65.3

247

 

Tractiv Holdings Ltd.

Subsidiary

Kidderminster

United Kingdom

Business Services

 

2

 

Bepco Group Ltd.

Subsidiary

Kidderminster

United Kingdom

Miscellaneous Capital Goods

17.3

55

 

Bepco (UK) Ltd.

Subsidiary

Kidderminster

United Kingdom

Construction and Agriculture Machinery

6.1

11

 

Tractiv Overseas Holdings Ltd.

Subsidiary

Kidderminster

United Kingdom

Business Services

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Giorgio Fioranelli

 

Director

Director/Board Member

 

Salvo Mazzotta

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Keith Palmer

 

Secretary

Company Secretary

 







Directors and Shareholders Report

 

Main Office Address:
Unit 316
Hartlebury Trading Estate
Kidderminster
United Kingdom DY10 4JB

Tel: 01299 252200
URL: http://www.bepco-tracpiecs.com

Annual Return Date: 10 Sep 2011
Total Issued Capital (GBP 000): 1

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Giorgio 
Fioranelli

Current

12 Oct 1960

Bepco House, 316 Hartlebury Trading Estate, 
Kidderminster, Worcestershire DY10 4JB

12 Sep 2011

NA

Current:4
Previous:0
Disqualifications:0

 

Salvo 
Mazzotta

Current

03 Mar 1970

Bepco House, 316 Hartlebury Trading Estate, 
Kidderminster, Worcestershire DY10 4JB

12 Sep 2011

NA

Current:4
Previous:0
Disqualifications:0

 

Keith 
Palmer

Current

04 Oct 1961

Bute House, Hill Lane, 
Pershore, Worcestershire WR10 3HU

15 Mar 2006

NA

Current:9
Previous:7
Disqualifications:0

 

Alastair Ferguson 
Mcharg

Previous

17 Jun 1944

61 Lymington Bottom Road, 
Alton, Hampshire GU34 5EP

12 Jan 1998

07 Jan 2002

Current:3
Previous:3
Disqualifications:0

 

Adrian Richard 
Bainton

Previous

02 Sep 1957

2 Oak Drive, Burghfield Common, 
Reading, Berkshire RG7 3JF

12 Jan 1998

30 Apr 2004

Current:0
Previous:7
Disqualifications:0

 

Ian Ralph 
Williams

Previous

19 May 1944

Littledown Cottage, Vernham Dean, 
Andover, Hampshire SP11 0EF

18 Dec 1997

17 Oct 2002

Current:0
Previous:7
Disqualifications:0

 

Peter 
Mcgarry

Previous

13 Jul 1953

87D Cove Road,
Farnborough, Hampshire GU14 0EY

01 Sep 1999

08 Mar 2004

Current:0
Previous:1
Disqualifications:0

 

Robert 
Henshaw

Previous

02 May 1961

5 Peterborough Road, 
London , London SW6 3BT

01 Jul 1998

17 Oct 2002

Current:0
Previous:3
Disqualifications:0

 

John Albert 
Bence

Previous

11 Apr 1941

25 Oakdene, 
Ascot, Berkshire SL5 0BU

NA

26 Mar 1999

Current:4
Previous:4
Disqualifications:0

 

Leszek Richard 
Litwinowicz

Previous

23 May 1958

5 The Courtyard, Timothys Bridge Road, 
Stratford-Upon-Avon, Warwickshire CV37 9NP

17 Oct 2002

16 Feb 2007

Current:23
Previous:28
Disqualifications:0

 

Stephen 
Black

Previous

11 Apr 1946

Les Vielles Terres, Havelet, 
Guernsey, Channel Isles GY1 1AZ

NA

26 Mar 1999

Current:0
Previous:11
Disqualifications:0

 

Rupert 
Keith

Previous

03 Mar 1962

Oak Tree Cottage, Milford Road, 
Godalming, Surrey GU8 6HY

12 Jan 1998

30 Jul 1999

Current:0
Previous:1
Disqualifications:0

 

Paul Richard 
Streatfield

Previous

06 Oct 1953

45 Castle Lane, Chandlers Ford, 
Eastleigh, Hampshire SO53 4AH

01 Jun 2004

31 Mar 2006

Current:1
Previous:19
Disqualifications:0

 

Trevor 
Middleton

Previous

10 Feb 1957

5 The Courtyard, Timothys Bridge Road, 
Stratford-Upon-Avon, Warwickshire CV37 9NP

17 Oct 2002

16 Feb 2007

Current:22
Previous:28
Disqualifications:0

 

James Anthony 
Howat

Previous

05 Jul 1950

Lea Farmhouse, Bishops Offley, 
Stafford, Staffordshire ST21 6EU

17 Oct 2002

09 Aug 2011

Current:0
Previous:21
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

 

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

 

Instant Companies Limited

Previous

1 Mitchell Lane, 
Bristol, Avon BS1 6BU

27 Nov 1997

18 Dec 1997

 

 

 

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Keith 
Palmer

Current

04 Oct 1961

Bute House, Hill Lane, 
Pershore, Worcestershire WR10 3HU

16 Feb 2007

NA

Current:9
Previous:7
Disqualifications:0

 

Adrian Richard 
Bainton

Previous

02 Sep 1957

2 Oak Drive, Burghfield Common, 
Reading, Berkshire RG7 3JF

16 Jan 1998

30 Apr 2004

Current:0
Previous:7
Disqualifications:0

 

Stephen 
Black

Previous

11 Apr 1946

Les Vielles Terres, Havelet, 
Guernsey, Channel Isles GY1 1AZ

NA

12 Jan 1998

Current:0
Previous:11
Disqualifications:0

 

Paul Richard
Streatfield

Previous

06 Oct 1953

45 Castle Lane, Chandlers Ford, 
Eastleigh, Hampshire SO53 4AH

01 Jun 2004

31 Mar 2006

Current:1
Previous:19
Disqualifications:0

 

Trevor 
Middleton

Previous

10 Feb 1957

5 The Courtyard, Timothys Bridge Road, 
Stratford-Upon-Avon, Warwickshire CV37 9NP

29 Sep 2004

16 Feb 2007

Current:22
Previous:28
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Swift Incorporations Limited

Previous

26 Church Street, 
St John's Wood, London NW8 8EP

27 Nov 1997

18 Dec 1997

 

 

 

Individual Shareholders

 

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

 

Company Name

Registration Number

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Tractiv Holdings Limited

03469672

1000 Ordinary GBP 1.00

Ordinary

1,000

1.00

1,000.00

100.00

 

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

39 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.647573

0.641508

0.545576

0.499878

0.543438

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Turnover

17.3

18.3

21.2

23.1

14.6

Cost of Sales

13.3

14.4

16.3

17.7

11.2

Gross Profit

4.0

3.9

4.9

5.5

3.5

Depreciation

0.1

0.1

0.3

0.0

0.2

Other Expenses

3.5

3.1

3.4

4.9

2.6

Operating Profit

0.5

0.8

1.5

0.5

0.8

Other Income

0.2

0.1

0.2

0.2

0.1

Interest Paid

0.0

0.0

0.0

0.0

0.3

Exceptional Income

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

0.7

1.0

1.7

0.7

0.7

Tax Payable / Credit

-0.1

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

0.8

1.0

1.7

0.7

0.7

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.1

0.0

0.0

0.0

0.0

Non Audit Fees

-

-

0.0

0.0

0.0

Number of Employees

55

50

52

51

41

Wages

1.8

1.7

2.1

2.2

1.3

Social Security Costs

0.2

0.2

0.2

0.2

0.1

Pensions

-

0.0

0.0

0.0

0.0

Other Pension Costs

0.0

0.0

0.0

0.0

0.0

Employees Remuneration

2.0

1.8

2.3

2.4

1.4

Directors Emoluments

-

0.0

0.0

0.0

0.0

Other Costs

-

0.0

0.0

0.0

0.0

Directors Remuneration

-

0.0

0.0

0.0

0.0

Highest Paid Director

-

0.0

0.0

0.0

0.0

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.638712

0.619253

0.695531

0.502361

0.510947

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.0

0.0

0.0

0.0

0.0

Fixtures & Fittings

0.1

0.1

0.2

0.6

0.8

Plant & Vehicles

0.0

0.0

0.0

0.0

0.0

Total Tangible Fixed Assets

0.1

0.1

0.2

0.6

0.9

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

1.6

1.6

1.4

2.0

2.0

Total Fixed Assets

1.7

1.8

1.7

2.6

2.8

Stocks

5.0

5.5

5.7

5.8

5.5

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

5.0

5.5

5.7

5.8

5.5

Trade Debtors

3.0

2.8

4.1

4.9

4.2

Inter-Company Debtors

13.8

12.0

8.1

9.9

13.7

Other Debtors

0.3

0.1

0.1

0.2

0.2

Total Debtors

17.1

14.9

12.3

15.0

18.1

Cash and Equivalents

0.7

0.7

0.2

0.6

0.6

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

22.9

21.1

18.3

21.3

24.2

Total Assets

24.5

22.9

20.0

23.9

27.0

Trade Creditors

2.2

1.9

3.8

3.5

-

Inter-Company Creditors

3.4

2.2

0.2

0.0

-

Hire Purchase (Current Liability)

-

0.0

0.0

0.0

-

Finance Lease (Current Liability)

-

0.0

0.0

0.1

-

Total Finance Lease/Hire Purchase (Current Liability)

-

0.0

0.0

0.1

-

Accruals/Deferred Income (Current Liability)

0.1

0.1

0.1

0.1

-

Social Security/VAT

0.1

0.1

0.1

0.2

-

Corporation Tax

0.0

-

-

-

-

Other Current Liabilities

0.0

0.0

0.2

0.3

8.1

Total Current Liabilities

5.8

4.4

4.4

4.2

8.1

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)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.2

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.2

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

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

0.0

0.0

0.0

0.0

0.2

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

15.6

16.1

14.3

19.9

19.5

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

5.3

4.7

3.3

2.7

2.0

Other Reserves

-2.3

-2.3

-2.1

-2.9

-2.8

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

18.7

18.5

15.6

19.7

18.7

Net Worth

18.7

18.5

15.6

19.7

18.7

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

39 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.647573

0.641508

0.545576

0.499878

0.543438

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

39 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.638712

0.619253

0.695531

0.502361

0.510947

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

3.92

4.83

4.14

5.08

2.98

Liquidity Ratio

3.06

3.57

2.84

3.71

2.31

Stock Turnover

3.47

3.45

2.90

3.99

3.80

Credit Period (Days)

63.06

53.98

89.30

77.69

73.67

Working Capital by Sales

97.28%

88.03%

83.40%

74.36%

77.36%

Trade Credit by Debtors

0.71

0.68

0.93

0.72

-

Return on Capital

3.72%

5.46%

8.50%

3.39%

5.06%

Return on Assets

2.83%

4.42%

6.62%

2.79%

3.54%

Profit Margin

3.97%

5.31%

7.95%

2.91%

4.60%

Return on Shareholders Funds

3.72%

5.46%

8.50%

3.39%

5.10%

Borrowing Ratio

18.39%

12.09%

1.77%

0.83%

0.84%

Equity Gearing

76.22%

80.88%

77.90%

82.34%

69.36%

Debt Gearing

-

-

-

0.20%

0.84%

Interest Coverage

-

208.33

115.00

21.00

2.32

Sales by Tangible Assets

203.42

133.69

69.31

35.45

24.40

Average Remuneration per Employee

0.0

0.0

0.0

0.0

0.1

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.3

0.4

0.3

0.5

0.5

Capital Employed per Employee

0.3

0.4

0.3

0.4

0.5

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.4

0.5

0.4

0.5

0.7

Employee Remuneration by Sales

11.30%

9.89%

10.72%

10.55%

9.89%

Creditor Days (Cost of Sales Based)

58.52

46.44

107.90

73.54

-

Creditor Days (Sales Based)

45.05

36.48

82.90

56.19

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.96

UK Pound

1

Rs.77.47

Euro

1

Rs.64.39

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.