MIRA INFORM REPORT

 

 

Report Date :

16.01.2012

 

IDENTIFICATION DETAILS

 

Name :

F.W.B. PRODUCTS LTD.

 

 

Registered Office :

Whieldon Road Stoke On Trent, ST4 4JE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

31.08.1982

 

 

Com. Reg. No.:

01660947

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Provides janitorial and industrial products. It offers a range of sealants, adhesives, drives and pipe fittings

 

 

No. of Employees :

156

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 

Company name and address

 

F.W.B. Products Ltd.

 

 

Whieldon Road Stoke On Trent, ST4 4JE United Kingdom

 

Tel: 01782744333

Fax:      01782744577

 www.fwb.co.uk

 

 

company info

 

Employees:            156

Company Type:      Private Subsidiary

Corporate Family:   10 Companies

Ultimate Parent:     Fwb Holdings Ltd.

Quoted Status:       Non-quoted Company

Incorporation Date: 31-Aug-1982

Auditor:                  Dpc

Financials in : USD (mil)

Fiscal Year End:      31-Dec-2010

Reporting Currency:  British Pound Sterling

Annual Sales:          24.8  1

Net Income:             0.2

Total Assets:           11.3

 

 

 

Business Description

 

F.W.B. Products Ltd. is a privately owned business that provides janitorial and industrial products. It offers a range of sealants, adhesives, drives and pipe fittings. The company provides plastering trowels, mowers, dust sheets, plastic dustbins and paint brushes. It offers products to various engineers, manufacturers, and construction and utility companies. The company provides delivery, technical support and quality control services. It offers electrical sockets, switches, fixings and rubber products. The company provides pneumatic controls and hand and power tools. It offers safety footwear and tapes. The company provides a variety of aprons, coats, jackets, hats, caps, shirts, sweatshirts and thermals. In addition, it offers online order placement options to its customers. The company provides products of the Bahco, Dormer, Garryson, Jacobs, Noga, Presto, Rotabroach, Sandvik Coromant, Starrett and Toolmex brands.

 

 

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

Vernon Trevor Charles

Chief Executive Officer

Paul Meeham

Finance Director

Betty Key

Administrator

Martin Cox

IT Manager

Ian Phillips

Quality & Safety Manager

 

 

Financial Summary

 

FYE: 31-Dec-2010

USD (mil)

Key Figures

 

Current Assets

10.72

Fixed Assets

0.57

Total Liabilities

5.43

Net Worth

3.20

 

Key Ratios

 

Current Ratio

1.98

Acid Test

1.14

Debt Gearing

82.99

 

 

Registered No.(UK)

 

01660947

 

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

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

 

 

Corporate Overview

 

F.W.B. Products Ltd.

Location
Whieldon Road, Stoke On Trent, ST4 4JE, Staffordshire County, United Kingdom

 

Tel:  01782744333

Fax: 01782744577

 

www.fwb.co.uk 

Sales GBP(mil): 16.0

Assets GBP(mil):      7.2

Employees:              156

Fiscal Year End:       31-Dec-2010

Industry:           Miscellaneous Capital Goods     

Registered Address:
Whieldon Road Stoke On Trent, ST4 4JE United Kingdom

Incorporation Date:       31-Aug-1982

Company Type:             Private Subsidiary

Quoted Status:               Not Quoted

Registered No.(UK):       01660947

 

Chief Executive Officer : Vernon Trevor Charles

 

 

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

 

F.W.B. Products Ltd. is a privately owned business that provides janitorial and industrial products. It offers a range of sealants, adhesives, drives and pipe fittings. The company provides plastering trowels, mowers, dust sheets, plastic dustbins and paint brushes. It offers products to various engineers, manufacturers, and construction and utility companies. The company provides delivery, technical support and quality control services. It offers electrical sockets, switches, fixings and rubber products. The company provides pneumatic controls and hand and power tools. It offers safety footwear and tapes. The company provides a variety of aprons, coats, jackets, hats, caps, shirts, sweatshirts and thermals. In addition, it offers online order placement options to its customers. The company provides products of the Bahco, Dormer, Garryson, Jacobs, Noga, Presto, Rotabroach, Sandvik Coromant, Starrett and Toolmex brands.

 

 

More Business Descriptions

 

FWB Products Ltd. is a privately owned company and has been supplying goods to engineers, major manufacturers and many construction and utility companies for more than 40 years. Products include back supports, eye and face protection, fall arrest equipment, first aid, gloves, head protection, hearing protection, respiratory protection, road safety products, safety and hazard signs, safety barriers, skin protection. The company also provides cavity fixings, machine screws, masonry fixings, nails and panel pins, nuts, bolts and washers, rivets, pins, self tap and self drill screws, set screws, socket screws, stainless steel nuts, bolts and washers and woodscrews. FWB Products Ltd. is located in Fenton, Stoke-on-Trent.

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Revenue:

16.0

Net Income:

0.1

Assets:

7.2

Current Assets:

6.8

 

Fixed Assets:

0.4

 

Long Term Debt:

1.7

 

Total Liabilities:

5.2

 

Issued Capital:

0.6

 

Working Capital:

3.4

 

Net Worth:

2.0

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-5.2%

NA

26.0%

 

 

Key Corporate Relationships

 

Auditor:

Dpc

 

Auditor:

Dpc

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

12-31-2010

 

 

Corporate Structure News

 

Fwb Holdings Ltd.
F.W.B. Products Ltd.

 

 

Corporate Family

 

F.W.B. Products Ltd.
Total Corporate Family Members: 10
Excluded Small Branches and/or Trading Addresses: 1 (Available via export)

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Fwb Holdings Ltd.

Parent

Stoke On Trent

United Kingdom

Commercial Banks

24.8

156

Divik Ltd.

Subsidiary

Stoke On Trent

United Kingdom

Miscellaneous Fabricated Products

 

161

F.W.B. Products Ltd.

Subsidiary

Stoke On Trent

United Kingdom

Miscellaneous Capital Goods

24.8

156

F. W. B. Withers Ltd.

Subsidiary

Stoke-On-Trent

United Kingdom

Nonclassifiable Industries

 

 

F. W. B. Peach Ltd.

Subsidiary

Stoke-On-Trent

United Kingdom

Nonclassifiable Industries

 

 

F. W. B. South West Ltd.

Subsidiary

Stoke-On-Trent

United Kingdom

Nonclassifiable Industries

 

 

Diviker Ltd.

Subsidiary

Stoke-On-Trent

United Kingdom

Nonclassifiable Industries

 

 

F. W. B. Cymru Ltd.

Subsidiary

Stoke-On-Trent

United Kingdom

Nonclassifiable Industries

 

 

Fwb Properties Ltd.

Subsidiary

Stoke On Trent

United Kingdom

Real Estate Operations

 

 

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

Ian Stuart Hodge

 

Director

Director/Board Member

Anthony John Key

 

Director

Director/Board Member

 

 

Executives

 

 

Name

Title

Function

Vernon Trevor Charles

 

Chief Executive Officer

Chief Executive Officer

Dennis Preston

 

Group Site Services Manager

Division Head Executive

Ian Phillips

 

Quality & Safety Manager

Environment/Safety Executive

Betty Key

 

Administrator

Administration Executive

Paul Meeham

 

Finance Director

Finance Executive

Alison Burrows

 

Payroll & HR Officer

Benefits & Compensation Executive

Martin Cox

 

IT Manager

Information Executive

Julian Ford

 

Commercial Manager

Commercial Executive

 

 

Directors and Shareholders Report

 

Main Office Address: Whieldon Road Stoke On Trent United Kingdom ST4 4JE      

Tel: 01782744333
Fax: 01782744577
URL: http://www.fwb.co.uk     

Annual Return Date: 02 Jan 2011
Total Issued Capital (GBP 000): 584

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

Betty
Key

Current

14 Feb 1932

Larkhill Farm, Ashley,
Market Drayton, Shropshire TF9 4NW

02 Jan 1991

NA

Current:3
Previous:1
Disqualifications:0

Anthony John
Key

Current

19 Jul 1963

Fairoak Barns Fairoak Grange Farm, Fairoak,
Stafford, Staffordshire ST21 6NT

31 Dec 1992

NA

Current:15
Previous:0
Disqualifications:0

Ian Stuart
Hodge

Current

29 Aug 1956

Whieldon Road, Stoke On Trent,
Stoke-On-Trent, Staffordshire ST4 4JE

16 Apr 2010

NA

Current:7
Previous:5
Disqualifications:0

Clive
Taylor

Previous

21 Dec 1939

468 Werrington Road, Bucknall,
Stoke-On-Trent, Staffordshire ST2 9AD

02 Jan 1991

31 Dec 2004

Current:0
Previous:1
Disqualifications:0

Trevor Michael
Jackson

Previous

06 Nov 1943

46 Caverswall Road, Blythe Bridge,
Stoke-On-Trent, Staffordshire ST11 9BG

02 Jan 1991

30 Jun 1997

Current:0
Previous:2
Disqualifications:0

Christopher
Stevenson

Previous

NA

Hillsdown Blythe Bridge Road, Caverswall,
Stoke-On-Trent, Staffordshire ST11 9EA

02 Jan 1991

31 Dec 2008

Current:0
Previous:19
Disqualifications:0

Dennis
Cooper

Previous

02 May 1930

Easdale 21 Wulstan Drive,
Newcastle, Staffordshire ST5 0RE

02 Jan 1991

28 Apr 1995

Current:0
Previous:1
Disqualifications:0

Henry John
Key

Previous

15 Jun 1929

Larkhill Farm Larkhill Lane, Ashley,
Market Drayton, Shropshire TF9 4NW

02 Jan 1991

17 Mar 2003

Current:0
Previous:11
Disqualifications:0

Christopher David
Hatchell

Previous

05 May 1942

Lyndene Sandbach Road, Thurlwood,
Stoke-On-Trent, Staffordshire ST7 3RN

02 Jan 1991

30 Jun 1997

Current:0
Previous:5
Disqualifications:0

Ian Geoffrey
Edwards

Previous

NA

9 The Squirrels, Westbury Park Clayton,
Newcastle, Staffordshire ST5 4HZ

02 Jan 1991

10 Jul 2008

Current:0
Previous:8
Disqualifications:0

Vernon Trevor
Charles

Previous

30 Apr 1962

Fieldsway House, Fieldsway,
Stone, Staffordshire ST15 0DP

23 Feb 2004

26 Jan 2010

Current:0
Previous:5
Disqualifications:0

 

Corporate Directors

 

There are no corporate directors for this company.

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

Christopher
Stevenson

Previous

NA

Hillsdown Blythe Bridge Road, Caverswall,
Stoke-On-Trent, Staffordshire ST11 9EA

02 Jan 1991

31 Dec 2008

Current:0
Previous:19
Disqualifications:0

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

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

FWB Holdings Ltd

03218876

584444 Ordinary GBP 1.00

Ordinary

584,444

1.00

584,444.00

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

52 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

 

 

 

 

 

 

Turnover (UK)

-

-

43.2

46.9

47.3

Turnover (Exports)

-

-

0.0

0.0

0.0

Total Turnover

24.8

26.4

43.2

46.9

47.3

Cost of Sales

17.0

17.8

31.3

33.7

34.2

Gross Profit

7.7

8.6

11.8

13.2

13.1

Depreciation

0.2

0.3

0.4

0.6

0.5

Other Expenses

7.4

8.2

11.5

12.2

12.9

Operating Profit

-

-

0.4

1.0

-

Other Income

0.0

0.0

0.0

0.2

0.3

Interest Paid

0.1

0.1

0.4

0.4

0.4

Exceptional Income

0.0

-0.3

-3.2

-0.3

0.0

Discontinued Operations

0.0

0.0

-1.1

-0.3

0.0

Profit Before Taxes

0.2

0.0

-3.1

0.4

0.1

Tax Payable / Credit

0.0

0.0

-0.1

0.1

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

0.2

0.0

-3.0

0.3

0.1

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.1

0.1

0.0

Non Audit Fees

0.0

0.0

-

-

-

Number of Employees

156

161

264

259

273

Wages

5.0

5.1

7.8

8.5

8.0

Social Security Costs

0.0

0.4

0.7

0.7

1.0

Pensions

-

-

-

-

0.0

Other Pension Costs

0.1

0.2

0.2

0.1

0.1

Employees Remuneration

5.1

5.7

8.7

9.4

9.2

Directors Emoluments

-

-

-

-

0.4

Other Costs

-

-

-

-

0.0

Directors Remuneration

0.2

0.1

0.4

0.5

0.4

Highest Paid Director

-

-

0.2

0.2

0.1

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

0.2

0.1

0.2

0.3

0.2

Plant & Vehicles

0.4

0.6

0.7

1.4

1.4

Total Tangible Fixed Assets

0.6

0.7

0.9

1.7

1.7

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.6

0.7

0.9

1.7

1.7

Stocks

4.5

4.6

5.3

9.6

9.3

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

4.5

4.6

5.3

9.6

9.3

Trade Debtors

4.4

4.3

5.5

9.6

8.6

Inter-Company Debtors

1.4

1.6

0.6

0.7

1.8

Director Loans

-

-

0.0

0.0

0.0

Other Debtors

0.3

0.1

0.4

0.4

0.4

Total Debtors

6.1

6.0

6.5

10.6

10.8

Cash and Equivalents

0.1

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

10.7

10.6

11.8

20.3

20.2

Total Assets

11.3

11.3

12.7

22.0

21.8

Trade Creditors

3.5

3.4

4.6

7.3

7.4

Bank Overdraft

1.0

3.7

3.1

5.6

5.5

Inter-Company Creditors

0.0

0.0

-

-

0.0

Director Loans (Current Liability)

0.0

0.0

-

-

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.1

0.1

0.2

0.4

0.3

Total Short Term Loans

0.2

0.0

0.1

0.4

0.4

Accruals/Deferred Income (Current Liability)

0.3

0.4

1.3

0.1

0.1

Social Security/VAT

0.3

0.7

0.5

0.6

0.7

Corporation Tax

0.0

0.0

0.1

0.1

0.0

Dividends (Current Liability)

0.0

0.0

-

-

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

5.4

8.2

9.9

14.5

14.5

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

Total Hire Purchase Loans (Long Term Liability)

0.1

0.0

0.1

0.3

0.2

Other Long Term Loans

2.6

0.0

0.0

0.2

0.6

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

2.7

0.0

0.1

0.5

0.8

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

0.9

0.9

0.8

1.2

1.1

Share Premium Accounts

0.0

0.0

0.0

0.1

0.1

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

2.2

2.1

1.9

5.8

5.4

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

3.2

3.1

2.7

7.0

6.6

Net Worth

3.2

3.1

2.7

7.0

6.6

 

 

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

52 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

 

 

 

 

 

 

Net Cash Flow From Operating Activities

0.0

0.2

2.3

1.2

0.3

Net Cash Flow from ROI and Servicing of Finance

-0.1

-0.1

-0.4

-0.3

-0.1

Taxation

0.0

0.0

0.0

0.0

0.0

Capital Expenditures

0.0

0.1

0.0

-0.1

0.0

Acquisitions and Disposals

0.0

0.0

0.0

0.0

0.0

Paid Up Equity

0.0

0.0

0.0

0.0

0.0

Management of Liquid Resources

0.0

0.0

0.0

0.0

0.0

Net Cash Flow From Financing

2.7

-0.3

-0.7

-0.4

-0.4

Increase in Cash

2.6

-0.2

1.2

0.4

-0.3

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

52 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

1.98

1.29

1.19

1.40

1.40

Liquidity Ratio

1.14

0.73

0.66

0.73

0.75

Stock Turnover

5.55

5.89

6.43

4.84

5.39

Credit Period (Days)

64.56

57.02

59.61

74.83

62.58

Working Capital by Sales

21.09%

8.82%

5.67%

12.34%

11.38%

Trade Credit by Debtors

0.79

0.79

0.83

0.76

0.86

Return on Capital

3.66%

0.22%

-87.70%

5.77%

2.04%

Return on Assets

1.90%

0.06%

-19.34%

1.96%

0.69%

Profit Margin

0.86%

0.02%

-7.25%

0.93%

0.30%

Return on Shareholders Funds

6.71%

0.22%

-89.59%

6.14%

2.29%

Borrowing Ratio

123.74%

123.22%

125.45%

97.36%

106.15%

Equity Gearing

28.38%

27.21%

21.58%

31.96%

30.24%

Debt Gearing

82.99%

1.07%

2.15%

6.47%

11.89%

Interest Coverage

1.83

0.05

-8.89

1.00

0.38

Sales by Tangible Assets

44.23

38.66

38.53

26.97

30.24

Average Remuneration per Employee

0.0

0.0

0.0

0.0

0.0

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.2

0.2

0.1

0.2

0.2

Capital Employed per Employee

0.0

0.0

0.0

0.0

0.0

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.1

0.1

0.0

0.1

0.1

Employee Remuneration by Sales

20.61%

21.51%

20.12%

20.00%

19.36%

Creditor Days (Cost of Sales Based)

74.33

67.19

67.99

79.27

74.08

Creditor Days (Sales Based)

51.12

45.28

49.34

56.96

53.53

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.43

UK Pound

1

Rs.79.10

Euro

1

Rs.66.17

 

 

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.