MIRA
INFORM REPORT
|
Report Date : |
13.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
TWIFLEX LIMITED |
|
|
|
|
Formerly Known As : |
TWIFLEX COUPLINGS LIMITED |
|
|
|
|
Registered Office : |
Altra Industrial Motion 317-319 Ampthill Road Bedford Mk42 9rd |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
14.02.1946 |
|
|
|
|
Com. Reg. No.: |
00404531 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
The manufacture of industrial disc brakes, clutches and shafts. |
|
|
|
|
No. of Employees : |
78 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
£110,000 |
|
Status : |
Good |
|
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 30, 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 |
REGISTERED NAME & COMPANY
SUMMARY
|
TWIFLEX LIMITED |
00404531 |
|
Company Name |
TWIFLEX LIMITED |
Company Number |
00404531 |
|
|
|
Safe Number |
UK00121932 |
|
Registered
Address |
ALTRA INDUSTRIAL MOTION |
Trading Address |
9 Briar Road |
|
|
317-319 AMPTHILL ROAD |
|
|
|
|
BEDFORD |
|
|
|
|
MK42 9RD |
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|
|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number
|
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation
Date |
14/02/1946 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
TWIFLEX COUPLINGS LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
22/07/1985 |
Filing Date of
Accounts |
13/08/2011 |
|
|
|
Share Capital |
£100 |
|
SIC03 |
3663 |
Currency |
GBP |
|
SIC03
Description |
OTHER MANUFACTURING (NOT ELSEWHERE CLASSIFIED) |
||
|
SIC07 |
32990 |
||
|
SIC07 Description
|
OTHER MANUFACTURING N.E.C. |
||
|
Principal
Activity |
The manufacture of industrial disc brakes,
clutches and shafts. |
||
CREDIT RECOMENDATION
Current Credit Limit: £110,000
DIRECTORS/MANAGEMENT
|
TWIFLEX LIMITED |
00404531 |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
23 |
Current Directors
|
Name |
Date of Birth |
30/06/1959 |
|
|
Officers Title |
Mr |
Nationality |
American |
|
Present Appointments |
16 |
Function |
Director |
|
Appointment Date |
10/02/2006 |
|
|
|
Address |
46 Arrowwood Drive, , Scituate, |
||
|
|
|
|
|
|
Name |
Date of Birth |
20/01/1960 |
|
|
Officers Title |
Mr |
Nationality |
German |
|
Present
Appointments |
17 |
Function |
Director |
|
Appointment Date |
12/12/2007 |
|
|
|
Address |
12 Preston Square, , Quincy, |
||
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
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Individual Share
Value |
|
HAY HALL GROUP LTD |
100 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Trade
Debtors / Bad Debt Summary
|
Total Number of
Documented Trade Debtors / Bad Debt - |
2 |
|
|
Total Value of
Documented Trade Debtors / Bad Debt - |
£2,019 |
|
Mortgage Summary
|
Outstanding |
2 |
|
Satisfied |
2 |
Mortgage Details
|
Mortgage Type: |
RENT DEPOSIT |
||
|
Date Charge
Created: |
26/08/10 |
|
|
|
Date Charge
Registered: |
08/09/10 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
G N BURGESS PROPERTIES LIMITED |
||
|
Amount Secured: |
£8,812.50 DUE OR TO BECOME DUE FROM THECOMPANY TO THE CHARGEE |
||
|
Details: |
CHARGES THE DEPOSIT (£8,812.50) SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
08/03/07 |
|
|
|
Date Charge
Registered: |
10/03/07 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
07/07/00 |
|
|
|
Date Charge
Registered: |
28/07/00 |
|
|
|
Date Charge
Satisfied: |
27/01/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MITHRAS INVESTMENT TRUST (AS FACILITY AGENT) AS AGENT FOR ITSELF AND
THE OTHER SECURED PARTIES |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
23/06/00 |
|
|
|
Date Charge
Registered: |
11/07/00 |
|
|
|
Date Charge
Satisfied: |
15/02/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
Trade Debtors / Bad Debt Detail
|
Company Name |
Amount |
Statement Date |
|
£1,793 |
09/03/2011 |
|
|
£226 |
09/11/2010 |
|
Total Value |
£2,019 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
TWIFLEX LIMITED |
00404531 |
|||||||||||||
Statistics
|
Summary
|
|
||||||||||||
Group structure
|
Company Name |
|
Safe Number |
Registered
Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
|
N/A |
31.12.2010 |
- |
360,997,987 |
||
|
|
N/A |
- |
- |
|
||
|
|
03897757 |
31.12.2010 |
N |
|
||
|
|
04895052 |
31.12.2010 |
N |
|
||
|
|
03141672 |
31.12.2010 |
N |
|
||
|
|
03198843 |
31.12.2010 |
N |
|
||
|
|
00158829 |
31.12.2010 |
N |
£12,035,000 |
||
|
|
00839728 |
31.12.2010 |
N |
|
||
|
|
00983238 |
31.12.2010 |
N |
|
||
|
|
03323696 |
31.12.2010 |
N |
|
||
|
|
00836225 |
31.12.2010 |
N |
£5,487,000 |
||
|
|
02107032 |
31.12.2010 |
N |
|
||
|
|
04504970 |
31.12.2010 |
N |
|
||
|
|
03690656 |
31.12.2010 |
N |
£7,807,000 |
||
|
|
00404531 |
31.12.2010 |
N |
£11,854,000 |
||
|
|
04443916 |
31.12.2010 |
N |
|
||
|
|
03897741 |
31.12.2010 |
N |
|
||
|
|
03897701 |
31.12.2010 |
N |
|
Other Linked companies
|
|
Number |
Latest Key
Financials |
|||
|
|
5564273133 |
01.12.2007 |
26 KSEK |
||
|
|
WW00110663 |
- |
|
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder
Funds |
Employees |
|
31/12/2010 |
£11,854,000 |
£905,000 |
£2,958,000 |
78 |
|
31/12/2009 |
£6,918,000 |
£723,000 |
£2,278,000 |
41 |
|
31/12/2008 |
£9,000,000 |
£2,315,000 |
£3,217,000 |
49 |
Profit & Loss
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£11,854,000 |
71.4% |
£6,918,000 |
-23.1% |
£9,000,000 |
35.5% |
£6,644,000 |
12.3% |
£5,915,000 |
|
Export |
£8,993,000 |
76.2% |
£5,104,000 |
-29.6% |
£7,251,000 |
43.2% |
£5,065,000 |
10.1% |
£4,600,000 |
|
Cost of Sales |
£7,540,000 |
95% |
£3,867,000 |
-25.8% |
£5,210,000 |
35.4% |
£3,848,000 |
16.9% |
£3,293,000 |
|
Gross Profit |
£4,314,000 |
41.4% |
£3,051,000 |
-19.5% |
£3,790,000 |
35.6% |
£2,796,000 |
6.6% |
£2,622,000 |
|
Wages & Salaries |
£3,340,000 |
160.3% |
£1,283,000 |
-23.7% |
£1,681,000 |
0.7% |
£1,669,000 |
2.1% |
£1,635,000 |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
£1,217,000 |
72.9% |
£704,000 |
-68.9% |
£2,261,000 |
78.2% |
£1,269,000 |
23.8% |
£1,025,000 |
|
Depreciation |
£139,000 |
195.7% |
£47,000 |
2.2% |
£46,000 |
-11.5% |
£52,000 |
-58.1% |
£124,000 |
|
Audit Fees |
£20,000 |
53.8% |
£13,000 |
- |
£13,000 |
30% |
£10,000 |
- |
£10,000 |
|
Interest Payments |
£324,000 |
999.9% |
£3,000 |
-66.7% |
£9,000 |
-18.2% |
£11,000 |
- |
£11,000 |
|
Pre Tax Profit |
£905,000 |
25.2% |
£723,000 |
-68.8% |
£2,315,000 |
79.6% |
£1,289,000 |
323.4% |
-£577,000 |
|
Taxation |
-£225,000 |
-38.9% |
-£162,000 |
72% |
-£578,000 |
-46.7% |
-£394,000 |
-329.1% |
£172,000 |
|
Profit After Tax |
£680,000 |
21.2% |
£561,000 |
-67.7% |
£1,737,000 |
94.1% |
£895,000 |
321% |
-£405,000 |
|
Dividends Payable |
- |
-100% |
£1,500,000 |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£680,000 |
172.4% |
-£939,000 |
-154.1% |
£1,737,000 |
94.1% |
£895,000 |
321% |
-£405,000 |
Balance Sheet
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Tangible Assets |
£1,082,000 |
99.3% |
£543,000 |
190.4% |
£187,000 |
-2.6% |
£192,000 |
-15.8% |
£228,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£1,082,000 |
99.3% |
£543,000 |
190.4% |
£187,000 |
-2.6% |
£192,000 |
-15.8% |
£228,000 |
|
Stock |
£1,639,000 |
38% |
£1,188,000 |
1.5% |
£1,170,000 |
10.2% |
£1,062,000 |
6.2% |
£1,000,000 |
|
Trade Debtors |
£1,613,000 |
9.6% |
£1,472,000 |
-5.2% |
£1,553,000 |
21.4% |
£1,279,000 |
27.3% |
£1,005,000 |
|
Cash |
£1,396,000 |
-4.1% |
£1,456,000 |
195.9% |
£492,000 |
-70.2% |
£1,649,000 |
587.1% |
£240,000 |
|
Other Debtors |
£6,627,000 |
-10.2% |
£7,380,000 |
116.2% |
£3,413,000 |
220.5% |
£1,065,000 |
36.7% |
£779,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£11,275,000 |
-1.9% |
£11,496,000 |
73.4% |
£6,628,000 |
31.1% |
£5,055,000 |
67.2% |
£3,024,000 |
|
Trade Creditors |
£1,436,000 |
60.6% |
£894,000 |
12.2% |
£797,000 |
-5.9% |
£847,000 |
49.6% |
£566,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£5,401,000 |
-3.5% |
£5,598,000 |
999.9% |
£43,000 |
-78.3% |
£198,000 |
-37.1% |
£315,000 |
|
Miscellaneous Current Liabilities |
£336,000 |
-52.7% |
£710,000 |
0.9% |
£704,000 |
19.1% |
£591,000 |
95% |
£303,000 |
|
Total Current Liabilities |
£7,173,000 |
-0.4% |
£7,202,000 |
366.5% |
£1,544,000 |
-5.6% |
£1,636,000 |
38.2% |
£1,184,000 |
|
Bank Loans & Overdrafts and LTL |
£2,226,000 |
-13% |
£2,559,000 |
24.6% |
£2,054,000 |
-3.6% |
£2,131,000 |
43.7% |
£1,483,000 |
|
Other Long Term Finance |
£2,074,000 |
- |
£2,074,000 |
8.9% |
£1,904,000 |
-10.7% |
£2,131,000 |
43.7% |
£1,483,000 |
|
Total Long Term Liabilities |
£2,226,000 |
-13% |
£2,559,000 |
24.6% |
£2,054,000 |
-3.6% |
£2,131,000 |
43.7% |
£1,483,000 |
CAPITAL & RESERVES
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Called Up Share Capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
P & L Account Reserve |
£2,958,000 |
29.9% |
£2,278,000 |
-29.2% |
£3,217,000 |
117.4% |
£1,480,000 |
153% |
£585,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£2,958,000 |
29.9% |
£2,278,000 |
-29.2% |
£3,217,000 |
117.4% |
£1,480,000 |
153% |
£585,000 |
Other Financial Items
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Net Worth |
£2,958,000 |
29.9% |
£2,278,000 |
-29.2% |
£3,217,000 |
117.4% |
£1,480,000 |
153% |
£585,000 |
|
Working Capital |
£4,102,000 |
-4.5% |
£4,294,000 |
-15.5% |
£5,084,000 |
48.7% |
£3,419,000 |
85.8% |
£1,840,000 |
|
Total Assets |
£12,357,000 |
2.6% |
£12,039,000 |
76.7% |
£6,815,000 |
29.9% |
£5,247,000 |
61.3% |
£3,252,000 |
|
Total Liabilities |
£9,399,000 |
-3.7% |
£9,761,000 |
171.3% |
£3,598,000 |
-4.5% |
£3,767,000 |
41.2% |
£2,667,000 |
|
Net Assets |
£2,958,000 |
29.9% |
£2,278,000 |
-29.2% |
£3,217,000 |
117.4% |
£1,480,000 |
153% |
£585,000 |
Miscellaneous
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£5,184,000 |
7.2% |
£4,837,000 |
-8.2% |
£5,271,000 |
46% |
£3,611,000 |
74.6% |
£2,068,000 |
|
Number of Employees |
78 |
90.2% |
41 |
-16.3% |
49 |
-3.9% |
51 |
-3.8% |
53 |
|
Auditors |
BDO LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
31/12/06 |
|
Pre-tax profit margin % |
7.63 |
10.45 |
25.72 |
19.40 |
-9.75 |
|
Current ratio |
1.57 |
1.60 |
4.29 |
3.09 |
2.55 |
|
Sales/Net Working Capital |
2.89 |
1.61 |
1.77 |
1.94 |
3.21 |
|
Gearing % |
75.30 |
112.30 |
63.80 |
144 |
253.50 |
|
Equity in % |
23.90 |
18.90 |
47.20 |
28.20 |
18 |
|
Creditor Days |
44.09 |
47.03 |
32.23 |
46.40 |
34.83 |
|
Debtor Days |
49.53 |
77.45 |
62.81 |
70.07 |
61.85 |
|
Liquidity/Acid Test |
1.34 |
1.43 |
3.53 |
2.44 |
1.71 |
|
Return On Capital Employed % |
17.45 |
14.94 |
43.91 |
35.69 |
-27.90 |
|
Return On Total Assets Employed % |
7.32 |
6 |
33.96 |
24.56 |
-17.74 |
|
Current Debt Ratio |
2.42 |
3.16 |
0.47 |
1.10 |
2.02 |
|
Total Debt Ratio |
3.17 |
4.28 |
1.11 |
2.54 |
4.55 |
|
Stock Turnover Ratio % |
13.82 |
17.17 |
13 |
15.98 |
16.91 |
|
Return on Net Assets Employed % |
30.59 |
31.73 |
71.96 |
87.09 |
-98.63 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
|
No exact match CCJs are recorded against the
company. |
|
|
There has been no significant change in the company's credit rating. |
|
|
The credit limit on this company has risen 10% in comparison to the
previously suggested credit limit. |
|
|
Sales in the latest trading period increased 71.4% on the previous
trading period. |
|
|
Net Worth increased by 29.9% during the latest trading period. |
|
|
A 2.6% growth in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits increased by 25.2% compared to the previous trading
period. |
|
|
The company saw a decrease in their Cash Balance of 4.1% 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 65 years ago. |
|
Current Company Secretary
|
Name |
Date of Birth |
20/06/1947 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present
Appointments |
17 |
Function |
Company Secretary |
|
Appointment Date |
10/02/2006 |
|
|
|
Address |
182 High Street, , Yelling, PE19 6SD |
|
|
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
17/01/2012 |
Annual Returns |
|
22/08/2011 |
New Accounts Filed |
|
22/08/2011 |
New Accounts Filed |
|
11/01/2011 |
Annual Returns |
|
04/10/2010 |
New Accounts Filed |
|
04/10/2010 |
New Accounts Filed |
|
08/01/2010 |
Annual Returns |
|
12/11/2009 |
New Accounts Filed |
|
12/11/2009 |
New Accounts Filed |
|
26/01/2009 |
Annual Returns |
|
24/09/2008 |
New Accounts Filed |
|
14/01/2008 |
Annual Returns |
|
09/01/2008 |
Denise Burton Details have changed |
|
12/11/2007 |
New Accounts Filed |
|
12/11/2007 |
New Accounts Filed |
Previous Company Names
|
Date |
Previous Name |
|
22/07/1985 |
TWIFLEX COUPLINGS LIMITED |
Previous Director/Company
Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
0 |
2 |
|
|
0 |
2 |
|
|
24 |
164 |
|
|
24 |
164 |
|
|
10 |
92 |
|
|
1 |
18 |
|
|
5 |
3 |
|
|
0 |
3 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
14 |
45 |
|
|
14 |
45 |
|
|
37 |
291 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
38 |
72 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
3 |
|
|
0 |
21 |
|
|
1 |
17 |
|
|
0 |
16 |
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.64 |
|
|
1 |
Rs.78.35 |
|
Euro |
1 |
Rs.65.79 |
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 SCs 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.