MIRA INFORM REPORT
|
Report Date : |
09.01.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
FILMLIGHT LTD. |
|
|
|
|
Registered Office : |
14-15 Manette Street, London, W1D 4AP |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
01.02.2000 |
|
|
|
|
Com. Reg. No.: |
03917536 |
|
|
|
|
Legal Form : |
Private Parent Company |
|
|
|
|
Line of Business : |
Development, Design, Manufacture and Supply of digital systems for the professional post-production television and feature film projects |
|
|
|
|
No. of Employees
: |
68 |
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
Filmlight Ltd.
Artists House
14-15 Manette Street
London, W1D 4AP
United Kingdom
Tel: 020 7292 0400
Web: www.filmlight.ltd.uk
Synthesis
Employees: 68
Company Type: Private Parent
Corporate Family: 1
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
01-Feb-2000
Auditor: Wilkins Kennedy
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 21.5
1
Net Income: 2.4
Total Assets: 11.5
Business Description
Development,
design, manufacture and supply of digital systems for the professional
post-production television and feature film projects.
Industry
Industry Scientific and Technical
Instruments
ANZSIC 2006: 2419 - Other
Professional and Scientific Equipment Manufacturing
NACE 2002: 3340 - Manufacture
of optical instruments and photographic equipment
NAICS 2002: 33331 - Commercial
and Service Industry Machinery Manufacturing
UK SIC 2003: 3340 - Manufacture
of optical instruments and photographic equipment
US SIC 1987: 382 - Laboratory
Apparatus and Analytical and Optical Instruments
Key Executives
|
Name |
Title |
|
Michael Ross Harris |
Secretary |
|
Stephen Michael Chapman |
Director |
|
Wolfgang Rheinhart Lempp |
Director |
|
Peter Stothart |
Director |
|
Caroline Williams |
Director |
news
|
Title |
Date |
|
Avid Adds New EUCON Media Workflow Partners;
Continues to Lead the Way with Open Solutions |
22-Sep-2011 |
|
New research projects will show how
advanced uses of metadata can increase the value of digital content |
5-Aug-2011 |
|
Stereoscopic 3D laboratory opens in
Capital |
20-Jul-2011 |
|
BroadcastAsia2011: Inaugural
Cinematography/Film/Production Zone to Showcase Technology Breakthroughs in
the Regional Film Industry |
16-Jun-2011 |
Financial Summary
FYE: 31-Mar-2011 USD (mil)
Key Figures
Current Assets 10.86
Fixed Assets 0.69
Total Liabilities 3.45
Net Worth 7.75
Key Ratios
Current Ratio 3.15
Acid Test 2.06
Debt Gearing 0.68
Registered No.(UK): 03917536
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497
Corporate Overview
Location
Artists House
14-15 Manette Street
London, W1D 4AP
London County
United Kingdom
Tel: 020 7292 0400
Web: www.filmlight.ltd.uk
Sales GBP(mil): 13.8
Assets GBP(mil): 7.2
Employees: 68
Fiscal Year End: 31-Mar-2011
Industry: Scientific
and Technical Instruments
Registered
Address:
14-15 Manette Street
London, W1D 4AP
United Kingdom
Incorporation Date: 01-Feb-2000
Company Type: Private
Parent
Quoted Status: Not
Quoted
Registered No.(UK): 03917536
Director: Stephen
Michael Chapman
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2419 - Other Professional and Scientific Equipment Manufacturing
NACE 2002 Codes:
3340 - Manufacture of optical instruments and photographic
equipment
NAICS 2002 Codes:
33331 - Commercial and Service Industry Machinery Manufacturing
US SIC 1987:
382 - Laboratory Apparatus and Analytical and Optical Instruments
UK SIC 2003:
3340 - Manufacture of optical instruments and photographic
equipment
Business Description
Development,
design, manufacture and supply of digital systems for the professional
post-production television and feature film projects.
More Business
Descriptions
Film Production Services and Studios
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
Corporate
Family |
Corporate
Structure News: |
|
|
|
|
Filmlight Ltd. |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
London |
United Kingdom |
Scientific and Technical Instruments |
21.5 |
68 |
|
Executive report
|
Board of
Directors |
|
|
|
|
|||
|
Director |
Director/Board Member |
|
|||
|
Director |
Director/Board Member |
|
|||
|
Director |
Director/Board Member |
|
|||
|
Director |
Director/Board Member |
|
|
Executives |
|
|
|
|
||||
|
Secretary |
Company Secretary |
|
Directors and Shareholders Report
|
Main Office Address: |
Tel: 020 7292 0400 |
Annual Return Date: 01 Feb 2011 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Stephen Michael |
Current |
21 Dec 1958 |
67 Paines Lane, |
01 Feb 2000 |
NA |
Current:3 |
|
|
Caroline |
Current |
02 Nov 1965 |
128 Avenue Road, |
23 Apr 2008 |
NA |
Current:3 |
|
|
Michael Ross |
Current |
09 Sep 1955 |
Bay Tree House, South Weirs, |
10 Apr 2003 |
NA |
Current:22 |
|
|
Wolfgang Rheinhart |
Current |
21 Jul 1954 |
107 Jerningham Road, |
01 Feb 2002 |
NA |
Current:3 |
|
|
Peter |
Current |
22 Feb 1951 |
Westbury Mill Lane, |
01 Apr 2002 |
NA |
Current:6 |
|
|
Andrew Michael Donelan |
Previous |
21 Jan 1964 |
15 Heron Way, The Wharf, |
23 Apr 2008 |
01 Mar 2010 |
Current:0 |
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
||||
|
|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Company Directors Limited |
Previous |
788-790 Finchley Road, |
01 Feb 2000 |
01 Feb 2000 |
|
|
||||
|
|
||||
|
|
||||
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Michael Ross |
Current |
09 Sep 1955 |
Bay Tree House, South Weirs, |
15 Feb 2002 |
NA |
Current:22 |
|
|
Doris |
Previous |
NA |
25 Scarsdale Road, South Harrow, |
01 Feb 2000 |
15 Feb 2002 |
Current:0 |
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
||||
|
|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Slk Accountancy Services Limited |
Previous |
30 Windermere Road, |
01 Feb 2000 |
01 Feb 2000 |
|
|
||||
|
|
||||
|
|
||||
|
Individual Shareholders |
||||||
|
|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
David Bruton |
5988 Ordinary GBP 0.50 |
Ordinary |
5,988 |
0.50 |
2,994.00 |
1.11 |
|
Denise Blunn |
2994 Ordinary GBP 0.50 |
Ordinary |
2,994 |
0.50 |
1,497.00 |
0.55 |
|
Jessica Lempp |
29940 Ordinary GBP 0.50 |
Ordinary |
29,940 |
0.50 |
14,970.00 |
5.53 |
|
M R Boudry |
5988 Ordinary GBP 0.50 |
Ordinary |
5,988 |
0.50 |
2,994.00 |
1.11 |
|
Michael Ross Harris |
2994 Ordinary GBP 0.50 |
Ordinary |
2,994 |
0.50 |
1,497.00 |
0.55 |
|
Peter Stothart |
8982 Ordinary GBP 0.50 |
Ordinary |
8,982 |
0.50 |
4,491.00 |
1.66 |
|
Riffat Harris |
4491 Ordinary GBP 0.50 |
Ordinary |
4,491 |
0.50 |
2,245.50 |
0.83 |
|
Stephen Michael Chapman |
240000 Ordinary GBP 0.50 |
Ordinary |
240,000 |
0.50 |
120,000.00 |
44.33 |
|
Wolfgang Rheinhart Lempp |
240000 Ordinary GBP 0.50 |
Ordinary |
240,000 |
0.50 |
120,000.00 |
44.33 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|
|
|
There are no corporate shareholders for this company. |
|
|
Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Turnover |
21.5 |
20.4 |
- |
- |
15.9 |
|
Cost of Sales |
8.8 |
9.4 |
- |
- |
8.0 |
|
Gross Profit |
12.7 |
11.0 |
9.7 |
11.7 |
7.9 |
|
Depreciation |
0.2 |
0.2 |
0.2 |
0.3 |
0.0 |
|
Other Expenses |
9.4 |
8.9 |
8.8 |
10.2 |
7.3 |
|
Operating Profit |
- |
- |
0.9 |
1.5 |
0.7 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.1 |
0.1 |
0.3 |
0.2 |
0.1 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
3.2 |
2.1 |
0.7 |
1.3 |
0.6 |
|
Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.1 |
-0.2 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.8 |
0.5 |
0.2 |
0.0 |
0.0 |
|
Profit After Taxes |
2.4 |
1.6 |
0.5 |
1.2 |
0.8 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
- |
- |
0.0 |
0.0 |
|
Number of Employees |
68 |
56 |
54 |
50 |
43 |
|
Wages |
6.2 |
5.9 |
5.9 |
6.0 |
4.3 |
|
Social Security Costs |
0.7 |
0.5 |
0.4 |
0.6 |
0.5 |
|
Pensions |
- |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
6.9 |
6.5 |
6.3 |
6.6 |
4.8 |
|
Directors Emoluments |
- |
- |
1.1 |
1.2 |
0.5 |
|
Other Costs |
- |
0.8 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.8 |
0.9 |
1.1 |
1.2 |
0.5 |
|
Highest Paid Director |
0.2 |
0.2 |
0.3 |
0.0 |
0.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Fixtures & Fittings |
0.2 |
0.2 |
0.2 |
0.3 |
- |
|
Plant & Vehicles |
0.3 |
0.4 |
0.1 |
0.3 |
- |
|
Total Tangible Fixed Assets |
0.5 |
0.5 |
0.3 |
0.6 |
0.7 |
|
Intangible Assets |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
0.7 |
0.7 |
0.5 |
0.9 |
0.9 |
|
Stocks |
3.7 |
- |
4.7 |
- |
- |
|
Work in Progress |
0.0 |
- |
0.0 |
- |
- |
|
Total Stocks Work In Progress |
3.7 |
3.3 |
4.7 |
6.3 |
4.4 |
|
Trade Debtors |
2.2 |
4.8 |
2.5 |
6.0 |
- |
|
Inter-Company Debtors |
- |
- |
0.1 |
0.0 |
- |
|
Other Debtors |
0.2 |
0.3 |
0.1 |
1.1 |
- |
|
Total Debtors |
2.4 |
5.1 |
2.7 |
7.1 |
5.5 |
|
Cash and Equivalents |
4.7 |
1.4 |
0.6 |
0.2 |
0.3 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
10.9 |
9.7 |
8.0 |
13.6 |
10.1 |
|
Total Assets |
11.5 |
10.5 |
8.5 |
14.4 |
11.1 |
|
Trade Creditors |
1.1 |
1.0 |
0.9 |
4.9 |
- |
|
Bank Overdraft |
- |
0.6 |
0.0 |
2.8 |
- |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
0.0 |
- |
|
Finance Lease (Current Liability) |
0.2 |
0.6 |
- |
0.0 |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.2 |
0.6 |
1.1 |
0.0 |
- |
|
Accruals/Deferred Income (Current Liability) |
1.7 |
1.6 |
0.8 |
1.3 |
- |
|
Social Security/VAT |
0.2 |
0.1 |
0.3 |
0.3 |
- |
|
Other Current Liabilities |
0.2 |
0.5 |
0.8 |
0.2 |
7.3 |
|
Total Current Liabilities |
3.5 |
4.5 |
3.9 |
9.5 |
7.3 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.6 |
0.0 |
- |
|
Leasing (Long Term Liability) |
0.1 |
0.3 |
0.0 |
0.0 |
- |
|
Total Hire Purchase Loans (Long Term Liability) |
0.1 |
0.3 |
0.6 |
0.0 |
- |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.1 |
- |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Total Long Term Liabilities |
0.1 |
0.3 |
0.6 |
0.1 |
0.2 |
|
Deferred Taxation |
0.1 |
0.1 |
0.1 |
0.2 |
- |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Provisions |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Issued Capital |
0.4 |
0.5 |
0.4 |
0.6 |
0.6 |
|
Share Premium Accounts |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
7.2 |
4.9 |
3.2 |
3.8 |
2.6 |
|
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 |
7.9 |
5.5 |
3.8 |
4.7 |
3.5 |
|
Net Worth |
7.8 |
5.4 |
3.6 |
4.4 |
3.2 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
5.1 |
2.7 |
1.3 |
-0.8 |
-0.7 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
-0.1 |
-0.3 |
-0.2 |
-0.1 |
|
Taxation |
0.0 |
0.0 |
0.1 |
0.0 |
0.4 |
|
Capital Expenditures |
-0.1 |
-0.4 |
-0.1 |
-0.2 |
-0.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-0.8 |
-0.5 |
-0.2 |
0.0 |
-0.2 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-1.1 |
-0.9 |
0.9 |
1.3 |
0.8 |
|
Increase in Cash |
3.1 |
0.8 |
1.9 |
0.0 |
0.0 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
3.15 |
2.15 |
2.03 |
1.43 |
1.39 |
|
Liquidity Ratio |
2.06 |
1.43 |
0.84 |
0.77 |
0.79 |
|
Stock Turnover |
5.93 |
5.96 |
- |
- |
3.78 |
|
Credit Period (Days) |
36.36 |
90.55 |
- |
- |
- |
|
Working Capital by Sales |
33.38% |
26.90% |
- |
- |
17.15% |
|
Trade Credit by Debtors |
0.50 |
0.21 |
0.36 |
0.82 |
- |
|
Return on Capital |
40.89% |
32.95% |
12.44% |
25.25% |
16.29% |
|
Return on Assets |
28.67% |
18.70% |
6.68% |
8.67% |
5.55% |
|
Profit Margin |
14.92% |
10.08% |
- |
- |
3.71% |
|
Return on Shareholders Funds |
41.80% |
35.38% |
14.85% |
26.88% |
17.74% |
|
Borrowing Ratio |
3.87% |
27.81% |
47.00% |
66.34% |
- |
|
Equity Gearing |
68.60% |
52.87% |
44.96% |
32.25% |
31.31% |
|
Debt Gearing |
0.68% |
5.30% |
17.24% |
2.62% |
- |
|
Interest Coverage |
50.47 |
18.94 |
2.66 |
5.34 |
7.24 |
|
Sales by Tangible Assets |
42.80 |
35.66 |
- |
- |
25.25 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.3 |
0.3 |
- |
- |
0.4 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Employee Remuneration by Sales |
32.14% |
31.77% |
- |
- |
30.09% |
|
Creditor Days (Cost of Sales Based) |
43.85 |
41.49 |
- |
- |
- |
|
Creditor Days (Sales Based) |
18.02 |
19.06 |
- |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.78 |
|
UK Pound |
1 |
Rs.81.79 |
|
Euro |
1 |
Rs.67.46 |
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.