MIRA
INFORM REPORT
|
Report Date : |
24.01.2012 |
IDENTIFICATION DETAILS
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Name : |
the fielding group ltd. |
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Registered Office : |
Unit 18 Eynecourt Road Woodside Est Dunstable, LU5 4TS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
01.05.1973 |
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Com. Reg. No.: |
01111055 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Wholesale of clothing and footwear |
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No. of Employees : |
125 |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor |
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Payment Behaviour : |
Unknown |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
The Fielding Group Ltd.
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Business
Description
|
The Fielding Group Ltd. is based in the United Kingdom, with offices in
Dunstable, Bedfordshire and offices and a factory in Wishaw, Lanarkshire. The
company is one of the United Kingdom's largest suppliers of quality clothing,
accessories and home ware to the retail market. Its customer base includes
international store brands, football clubs and sports brands. The group has
offices and joint venture factories in Bangladesh, Morocco, Sri Lanka and
Turkey. Through its sports division, The Fielding Group Ltd. is the official
kit supplier to nearly 20 English and Scottish league football clubs, in
addition to supplying several other clubs with leisure and training wear. |
Industry
|
Industry |
Apparel and Accessories |
|
ANZSIC 2006: |
371 - Textile, Clothing and Footwear
Wholesaling |
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NACE 2002: |
5142 - Wholesale of clothing and footwear |
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NAICS 2002: |
4243 - Apparel, Piece Goods, and Notions
Merchant Wholesalers |
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UK SIC 2003: |
5142 - Wholesale of clothing and footwear |
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US SIC 1987: |
513 - Apparel, Piece Goods, and Notions |
Key Executives (Emails Available)
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Financial
Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6433939
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497
Corporate Overview
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Corporate Structure News
|
The Fielding
Group Ltd. |
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|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Dunstable |
United Kingdom |
Commercial Banks |
127.8 |
4,010 |
|
|
Subsidiary |
Dunstable |
United Kingdom |
Apparel and Accessories |
|
60 |
|
|
Subsidiary |
Dunstable |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Dunstable |
United Kingdom |
Apparel and Accessories |
92.6 |
125 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Apparel and Accessories |
3.2 |
40 |
|
|
Subsidiary |
Dunstable |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Dunstable |
United Kingdom |
Business Services |
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Executives Report
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Directors and Shareholders Report
Annual
Return Date: 18 Jan 2011
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Individual Directors |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
05 Aug 1971 |
7 Melchbourne Park, Melchbourne, |
22 Jan 2010 |
NA |
Current:4 |
|
|
|
Current |
01 Jun 1959 |
1 Haydon Hill House, Merry Hill Road, |
09 Oct 1998 |
NA |
Current:7 |
|
|
|
Current |
28 Aug 1951 |
17 Birchgrove, |
22 Jan 2010 |
NA |
Current:3 |
|
|
|
Current |
29 Aug 1962 |
4Th Floor Blackfriars House The Parsonage, |
09 Sep 1996 |
NA |
Current:8 |
|
|
|
Previous |
25 Jun 1937 |
5 Shepherds Walk, |
NA |
20 Jun 1997 |
Current:1 |
|
|
|
Previous |
09 Jan 1964 |
14 Harford Walk, |
01 Apr 1995 |
25 Mar 2009 |
Current:1 |
|
|
|
Previous |
01 Mar 1958 |
White Gables, California Lane Bushey, |
NA |
16 May 1994 |
Current:6 |
|
|
|
Previous |
15 Feb 1950 |
9 Bankside Close, Houghton Rgis, |
01 Apr 1995 |
15 Feb 2008 |
Current:0 |
|
|
|
Previous |
NA |
Manor Hill Cottage Galley Lane, Great Brickhill, |
05 Apr 1993 |
25 Mar 2009 |
Current:1 |
|
|
|
Previous |
04 Aug 1935 |
5 Shepherds Walk Hartsbourne Road, Bushey Heath, |
28 Jan 1992 |
20 Jun 1997 |
Current:0 |
|
|
|
Previous |
08 Mar 1928 |
47 Wren Court, |
28 Jan 1992 |
NA |
Current:1 |
|
|
|
Previous |
04 May 1947 |
178 Marleyfields, |
01 Apr 1992 |
31 Jan 1995 |
Current:0 |
|
|
|
Previous |
26 Sep 1968 |
Fernworthy Bridle Lane, Loudwater, |
01 Apr 1992 |
21 Dec 1998 |
Current:4 |
|
|
|
Previous |
27 Feb 1934 |
Ash Cottage 27 Fowlmere Road, Heydon, |
01 Apr 1995 |
30 Mar 2001 |
Current:0 |
|
|
|
Previous |
12 Dec 1955 |
23 Hazelwood, |
28 Jan 1992 |
31 Mar 2008 |
Current:0 |
|
|
|
Previous |
06 Jan 1963 |
East Way Cottage East End Way, |
28 Jan 1992 |
21 Dec 1998 |
Current:6 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
NA |
1 Churchill Way, |
25 Mar 2009 |
NA |
Current:5 |
|
|
|
Previous |
09 Jan 1964 |
14 Harford Walk, |
07 Dec 2005 |
25 Mar 2009 |
Current:1 |
|
|
|
Previous |
17 Dec 1942 |
292 Cranbrook Road, |
28 Oct 1993 |
07 Dec 2005 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
03324690 |
100 Ordinary GBP 1.00 |
Ordinary |
100 |
1.00 |
100.00 |
100.00 |
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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 |
|
|
|
|
|
|
|
|
Turnover (UK) |
91.5 |
81.0 |
81.5 |
92.2 |
71.7 |
|
Turnover (Exports) |
1.1 |
0.0 |
0.1 |
0.2 |
2.3 |
|
Total Turnover |
92.6 |
81.0 |
81.6 |
92.4 |
73.9 |
|
Cost of Sales |
84.7 |
73.7 |
77.6 |
81.6 |
64.8 |
|
Gross Profit |
7.9 |
7.3 |
4.0 |
10.8 |
9.1 |
|
Depreciation |
0.2 |
0.2 |
0.3 |
0.3 |
0.4 |
|
Other Expenses |
9.0 |
7.7 |
9.7 |
13.3 |
12.3 |
|
Other Income |
0.3 |
13.7 |
0.2 |
0.3 |
1.8 |
|
Interest Paid |
0.5 |
0.5 |
3.5 |
2.0 |
1.4 |
|
Exceptional Income |
0.0 |
0.0 |
3.7 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
-1.3 |
12.8 |
-5.2 |
-4.2 |
-2.9 |
|
Tax Payable / Credit |
0.0 |
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 |
-1.3 |
12.8 |
-5.2 |
-4.2 |
-2.9 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
125 |
116 |
120 |
146 |
140 |
|
Wages |
5.3 |
5.1 |
6.6 |
9.0 |
7.9 |
|
Social Security Costs |
0.5 |
0.5 |
0.7 |
0.9 |
0.9 |
|
Pensions |
0.1 |
0.1 |
0.2 |
- |
0.2 |
|
Other Pension Costs |
0.3 |
0.3 |
0.5 |
0.4 |
0.3 |
|
Employees Remuneration |
6.1 |
5.8 |
7.7 |
10.4 |
9.1 |
|
Directors Emoluments |
0.6 |
0.5 |
1.1 |
- |
1.6 |
|
Other Costs |
0.0 |
0.0 |
0.7 |
- |
0.0 |
|
Directors Remuneration |
0.7 |
0.5 |
2.1 |
1.8 |
1.9 |
|
Highest Paid Director |
0.3 |
0.2 |
0.8 |
- |
0.5 |
|
|
|
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 |
0.2 |
0.2 |
0.3 |
0.4 |
0.4 |
|
Fixtures & Fittings |
0.2 |
0.2 |
0.2 |
0.3 |
0.4 |
|
Plant & Vehicles |
0.2 |
0.3 |
0.4 |
0.6 |
0.6 |
|
Total Tangible Fixed Assets |
0.7 |
0.7 |
0.8 |
1.3 |
1.4 |
|
Intangible Assets |
1.6 |
0.0 |
0.0 |
0.2 |
0.5 |
|
Investments |
0.1 |
0.1 |
0.1 |
0.5 |
0.4 |
|
Total Fixed Assets |
2.5 |
0.9 |
0.9 |
1.9 |
2.4 |
|
Stocks |
4.1 |
2.7 |
4.3 |
6.2 |
3.4 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
4.1 |
2.7 |
4.3 |
6.2 |
3.4 |
|
Trade Debtors |
14.2 |
10.0 |
7.7 |
9.4 |
9.6 |
|
Inter-Company Debtors |
0.0 |
0.8 |
0.2 |
1.7 |
7.9 |
|
Other Debtors |
1.7 |
0.7 |
2.0 |
1.2 |
1.9 |
|
Total Debtors |
15.8 |
11.4 |
10.0 |
12.3 |
19.5 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.3 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
19.9 |
14.1 |
14.2 |
18.9 |
23.0 |
|
Total Assets |
22.4 |
15.0 |
15.1 |
20.9 |
25.3 |
|
Trade Creditors |
1.1 |
1.8 |
1.9 |
1.4 |
3.3 |
|
Bank Overdraft |
0.6 |
0.1 |
0.7 |
0.4 |
0.4 |
|
Inter-Company Creditors |
4.0 |
0.0 |
5.0 |
7.0 |
6.9 |
|
Director Loans (Current Liability) |
0.0 |
- |
- |
- |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
- |
- |
- |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
- |
- |
- |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
- |
- |
- |
0.0 |
|
Total Short Term Loans |
0.0 |
0.2 |
1.7 |
- |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
1.3 |
1.2 |
1.9 |
1.6 |
1.5 |
|
Social Security/VAT |
0.2 |
- |
- |
- |
0.9 |
|
Corporation Tax |
0.0 |
- |
- |
- |
0.0 |
|
Dividends (Current Liability) |
0.0 |
- |
- |
- |
0.0 |
|
Other Current Liabilities |
15.9 |
11.9 |
10.1 |
20.6 |
18.1 |
|
Total Current Liabilities |
23.0 |
15.2 |
21.2 |
30.9 |
31.1 |
|
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 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
5.6 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.8 |
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 |
0.8 |
0.0 |
5.6 |
0.0 |
0.0 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
-1.5 |
-0.2 |
-11.7 |
-10.1 |
-5.8 |
|
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 |
-1.5 |
-0.2 |
-11.7 |
-10.0 |
-5.8 |
|
Net Worth |
-3.1 |
-0.2 |
-11.7 |
-10.3 |
-6.3 |
|
|
|
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 |
|
|
|
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 |
0.86 |
0.93 |
0.67 |
0.61 |
0.74 |
|
Liquidity Ratio |
0.69 |
0.75 |
0.47 |
0.41 |
0.63 |
|
Stock Turnover |
23.44 |
28.83 |
16.17 |
14.68 |
22.41 |
|
Credit Period (Days) |
54.10 |
47.38 |
40.51 |
37.65 |
45.89 |
|
Working Capital by Sales |
-3.26% |
-1.37% |
-10.09% |
-13.09% |
-10.63% |
|
Trade Credit by Debtors |
0.08 |
0.18 |
0.24 |
0.14 |
0.34 |
|
Return on Assets |
-5.84% |
81.44% |
-29.47% |
-20.02% |
-11.79% |
|
Profit Margin |
-1.37% |
15.82% |
-6.43% |
-4.56% |
-3.90% |
|
Borrowing Ratio |
-146.20% |
-171.31% |
-111.04% |
-72.14% |
-116.27% |
|
Equity Gearing |
-6.72% |
-1.24% |
-77.33% |
-48.15% |
-22.84% |
|
Debt Gearing |
- |
- |
-47.81% |
- |
- |
|
Interest Coverage |
-2.81 |
23.51 |
-1.52 |
-2.12 |
-2.01 |
|
Sales by Tangible Assets |
140.85 |
103.72 |
90.41 |
71.94 |
53.42 |
|
Average Remuneration per Employee |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.8 |
0.7 |
0.6 |
0.6 |
0.5 |
|
Capital Employed per Employee |
0.0 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Employee Remuneration by Sales |
6.55% |
7.18% |
9.48% |
11.21% |
12.28% |
|
Creditor Days (Cost of Sales Based) |
4.47 |
9.15 |
10.34 |
6.15 |
17.72 |
|
Creditor Days (Sales Based) |
4.09 |
8.32 |
9.83 |
5.43 |
15.54 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.24 |
|
|
1 |
Rs.78.13 |
|
Euro |
1 |
Rs.64.79 |
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.