MIRA INFORM REPORT

 

 

Report Date :

02.07.2012

 

IDENTIFICATION DETAILS

 

Name :

ALL SAINTS RETAIL LTD.

 

 

Registered Office :

Unit C15-c17  Jacks Place 6 Corbet Place London, E1 6NN

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

25.10.2000

 

 

Com. Reg. No.:

04096157

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Retail sale of clothing

 

 

No. of Employees :

2,725

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

Top of Form

Bottom of Form

All Saints Retail Ltd.                 

 

 

Unit C15-c17

Jacks Place

6 Corbet Place

London, E1 6NN

United Kingdom

 

Operating Centre

Unit No. 6 New Hythe Business Park, BEllingham Way Lark Field Aylesford Kent-ME20 6XS, Great Britan, United Kingdom

 

Tel:

0870 458 3736

 

www.allsaints.co.uk

 

Employees:

2,725

Company Type:

Private Subsidiary

Corporate Family:

6 Companies

Ultimate Parent:

Lion/Heaven Uk Ii Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

25-Oct-2000

Auditor:

Ernst And Youngllp

Financials in:

USD (mil)

 

 

Fiscal Year End:

30-Jan-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

321.4  1

Net Income:

(5.4)

Total Assets:

230.2

                                         

Business Description          

 

Designing, manufacturing and selling clothes.

 

Industry                                            

 

Industry

Retail (Apparel)

ANZSIC 2006:

4251 - Clothing Retailing

NACE 2002:

5242 - Retail sale of clothing

NAICS 2002:

4481 - Clothing Stores

UK SIC 2003:

5242 - Retail sale of clothing

US SIC 1987:

5651 - Family Clothing Stores

                        

Key Executives           

   

 

Name

Title

Peter James Wood

Interim Chief Executive Officer

Julie Guildharry

Office Manager

Karen Brown

Head of HR

Kevin Gerald Stanford

Chairman, Founder

Stephen Craig

Director

      


Financial Summary                                                                                                                            

 

FYE: 30-Jan-2011

USD (mil)

Key Figures

 

Current Assets

111.23

Fixed Assets

118.99

Total Liabilities

109.41

Net Worth

22.79

 

Key Ratios

 

Current Ratio

1.02

Acid Test

0.45

Debt Gearing

281.87

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6487859
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6311538

 

 

Corporate Overview

 

Location
Unit C15-c17
Jacks Place
6 Corbet Place
London, E1 6NN
London County
United Kingdom

 

Tel:

0870 458 3736

 

www.allsaints.co.uk

Sales GBP(mil):

208.6

Assets GBP(mil):

145.3

Employees:

2,725

Fiscal Year End:

30-Jan-2011

 

Industry:

Retail (Apparel)

Registered Address:
Jack's Place Units C15-C17
6 Corbet Place
London, E1 6NN
United Kingdom

 

Incorporation Date:

25-Oct-2000

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

04096157

 

Interim Chief Executive Officer:

Peter James Wood

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Gazette Status

 

Industry Codes

 

ANZSIC 2006 Codes:

4251

-

Clothing Retailing

 

NACE 2002 Codes:

5242

-

Retail sale of clothing

 

NAICS 2002 Codes:

4481

-

Clothing Stores

 

US SIC 1987:

5651

-

Family Clothing Stores

 

UK SIC 2003:

5242

-

Retail sale of clothing

 

 

Business Description

Designing, manufacturing and selling clothes.

 

 

More Business Descriptions

Retail of fashion clothing.

 

Menswear Retail

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Revenue:

208.6

Net Income:

-3.5

Assets:

145.3

Current Assets:

70.2

 

Fixed Assets:

75.1

 

Long Term Debt:

56.3

 

Total Liabilities:

125.3

 

Working Capital:

1.2

 

Net Worth:

14.4

 

 

 

Date of Financial Data:

30-Jan-2011

 

1 Year Growth

57.0%

NA

NA

 

 

Key Corporate Relationships

Auditor:

Ernst And Youngllp

Bank:

Lloyds Tsb Bank PLC

 

Auditor:

Ernst And Youngllp

 

 

 

GBP(mil)

Audit Fees:

0.1

Non Audit Fees:

0.0

Audit Fiscal Year:

01-30-2011

 

 

 

 

 

Gazette Status

Description

Action Date

Publication

Publication Date

Claim Form

05-Apr-2012

 

17-May-2012

Claim Form

04-Apr-2012

 

17-May-2012

Claim Form

17-Dec-2008

 

29-Jan-2009

 

 

 

 

 

 

Corporate Structure News

 

All Saints Retail Ltd.
Total Corporate Family Members: 6

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Lion/Heaven Uk Ii Ltd.

Parent

London

United Kingdom

Commercial Banks

 

 

All Saints Retail Ltd.

Subsidiary

London

United Kingdom

Retail (Apparel)

321.4

2,725

Allsaints USA Ltd.

Subsidiary

London

United Kingdom

Retail (Apparel)

63.1

402

All Saints Retail Ltd.

UK Branch/Trading address

London

United Kingdom

Retail (Apparel)

321.4

10

All Saints Retail Ltd.

UK Branch/Trading address

London

United Kingdom

Retail (Apparel)

321.4

7

All Saints Retail Ltd.

UK Branch/Trading address

Leeds

United Kingdom

Retail (Apparel)

321.4

7

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Kevin Gerald Stanford

 

Chairman, Founder

Chairman

Michael Blitzer

 

Director

Director/Board Member

Fabrice Aurelien Chesnais

 

Director

Director/Board Member

Age: 28

 

Stephen Craig

 

Director

Director/Board Member

 

 

Rory O'Connor

 

Director

Director/Board Member

. 

 

Age: 45

 

David J Oddi

 

Director

Director/Board Member

 

 

 

Rachel A Wagner

 

Director

Director/Board Member

 

 

 

Peter James Wood

 

Interim Chief Executive Officer

Director/Board Member

 

 

 

Age: 38

 

Executives

 

Name

Title

Function

Peter James Wood

 

Interim Chief Executive Officer

Chief Executive Officer

Age: 38

 

Kevin Gerald Stanford

 

Chairman, Founder

Division Head Executive

 

Julie Guildharry

 

Office Manager

Administration Executive

 

Karen Brown

 

Head of HR

Human Resources Executive

 

 

Directors and Shareholders Report

 

Annual Return Date: 25 Oct 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Kevin Gerald
Stanford

Current

29 Jul 1960

The Dower House, Royden Hall Road,
Tonbridge, Kent TN12 5NH

18 Feb 2005

NA

Current:7
Previous:8
Disqualifications:0

 

Fabrice Aurelien
Chesnais

Current

13 Sep 1983

21 Grosvenor Place,
London , London SW1X 7FH

18 May 2011

NA

Current:2
Previous:2
Disqualifications:0

 

Rory
O'Connor

Current

06 Oct 1966

21 Grosvenor Place,
London , London SW1X 7HF

05 Apr 2012

NA

Current:2
Previous:0
Disqualifications:0

 

Peter James
Wood

Current

17 Aug 1973

97 Cloudesley Road,
London , London N1 0EN

31 Jan 2011

NA

Current:4
Previous:0
Disqualifications:0

 

Stuart Gardener
Trevor

Previous

29 Nov 1966

1 Great Titchfield Street,
London , London W1W 8AU

01 Feb 2003

16 Dec 2005

Current:0
Previous:1
Disqualifications:0

 

Michael Patrick
Dunne

Previous

31 Dec 1957

75 Elm Road,
Sutton Coldfield, West Midlands B76 2PQ

25 Oct 2000

07 Nov 2005

Current:0
Previous:3
Disqualifications:0

 

Michael
Blitzer

Previous

12 Aug 1949

767 Third Avenue, 22Nd Floor,
New York, New York 10017

11 May 2011

13 Mar 2012

Current:0
Previous:3
Disqualifications:0

 

Rachael Anne
Wagner

Previous

30 Mar 1982

21 Grosvenor Place,
London , London SW1X 7FH

18 May 2011

05 Apr 2012

Current:0
Previous:3
Disqualifications:0

 

David Joseph
Oddi

Previous

30 Jan 1970

767 Third Avenue, 22Nd Floor,
New York, New York 10017

11 May 2011

13 Mar 2012

Current:0
Previous:3
Disqualifications:0

 

Andras
Szirtes

Previous

18 Sep 1973

Victory House 99-101 Regent Street,
London , London W1B 4EZ

15 Dec 2006

20 Oct 2008

Current:1
Previous:6
Disqualifications:0

 

Jamie
Grant

Previous

07 Sep 1970

20 Marcos Road,
Canvey Island, Essex SS8 7LE

15 Dec 2006

31 Jan 2011

Current:0
Previous:1
Disqualifications:0

 

Stephen
Craig

Previous

06 Aug 1968

23 Compton Road,
London , London N1 2PB

15 Dec 2006

16 Dec 2011

Current:0
Previous:1
Disqualifications:0

 

Anthony Harry
Bogod

Previous

12 Aug 1959

4 Marsh Close,
Mill Hill, London NW7 4NY

15 Dec 2006

27 Oct 2009

Current:2
Previous:5
Disqualifications:0

 

Gunnar
Sigurdsson

Previous

09 Nov 1969

28 New Bond Street,
London , London W1S 2RJ

20 Oct 2008

13 Mar 2009

Current:4
Previous:76
Disqualifications:0

 

Einar
Sigurdsson

Previous

23 Aug 1977

Norobrun 12, 104 Reykjavik,
Reykjavic

13 Mar 2009

11 May 2011

Current:0
Previous:1
Disqualifications:0

 

Johann
Reyndal

Previous

24 Mar 1967

Hofgardar 21,
Seltjarnarnes

13 Mar 2009

11 May 2011

Current:0
Previous:1
Disqualifications:0

 

Lyndon
Lea

Previous

13 Jan 1969

21 Grosvenor Place,
London , London SW1X 7HF

11 May 2011

18 May 2011

Current:4
Previous:42
Disqualifications:0

 

Basola
Valles

Previous

NA

Flat 3, 19 Hyde Park Square,
Paddington, London W2 2JR

15 Dec 2006

20 Oct 2008

Current:1
Previous:7
Disqualifications:0

 

Robert
Darwent

Previous

12 Oct 1972

21-24 Grosvenor Place,
London , London SW1X 7HF

11 May 2011

18 May 2011

Current:0
Previous:3
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Company Directors Limited

Previous

788-790 Finchley Road,
London , London NW11 7TJ

25 Oct 2000

25 Oct 2000

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Peter James
Wood

Current

NA

97 Cloudesley Road,
London , London N1 0EN

31 Jan 2011

NA

Current:1
Previous:0
Disqualifications:0

 

Yvonne
Martin

Previous

NA

10 Millstone Close,
Sutton Coldfield, West Midlands B76 1TX

25 Oct 2000

01 Jul 2005

Current:0
Previous:2
Disqualifications:0

 

James Walter
Grant

Previous

07 Sep 1970

20 Marcos Road,
Canvey Island, Essex SS8 7LE

04 Jul 2005

31 Jan 2011

Current:0
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Temple Secretaries Limited

Previous

788-790 Finchley Road,
London , London NW11 7TJ

25 Oct 2000

25 Oct 2000

 

 

 

 

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

Lion/Heaven UK II Limited

07616963

17171 Ordinary GBP 0.01

Ordinary

17,171

0.01

171.71

100.00

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

 

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

 

 

 

 

 

 

 

30-Jan-2011

31-Jan-2010

01-Feb-2009

03-Feb-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.648786

0.635292

0.558389

0.499604

0.53864

Consolidated

Yes

Yes

Yes

No

No

 

 

 

 

 

 

Turnover (UK)

240.0

189.1

156.0

91.0

-

Turnover (Exports)

81.5

20.0

6.8

2.8

-

Total Turnover

321.4

209.1

162.8

93.8

-

Cost of Sales

120.2

65.6

53.2

33.9

-

Gross Profit

201.2

143.5

109.6

59.8

28.9

Depreciation

21.7

13.5

9.8

3.9

2.3

Other Expenses

190.1

119.9

97.2

57.0

31.0

Operating Profit

-

-

-

2.9

-

Other Income

0.0

0.0

0.0

0.0

0.0

Interest Paid

5.6

2.8

2.9

2.6

0.4

Exceptional Income

-5.7

-4.0

-1.4

0.0

-0.5

Discontinued Operations

0.0

0.0

0.0

0.0

-

Profit Before Taxes

-0.1

16.8

8.1

0.3

-3.0

Tax Payable / Credit

5.3

5.0

2.5

-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

-5.4

11.8

5.6

0.4

-3.0

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.1

0.1

0.1

0.1

0.0

Non Audit Fees

0.0

0.3

0.1

0.3

-

Number of Employees

2,725

1,961

1,752

767

410

Wages

57.8

38.8

31.8

19.7

11.6

Social Security Costs

5.7

3.0

2.3

1.6

1.0

Pensions

0.0

0.0

0.0

0.0

-

Other Pension Costs

0.1

0.0

0.1

0.1

0.0

Employees Remuneration

63.7

41.8

34.1

21.3

12.6

Directors Emoluments

2.5

2.0

1.5

0.7

-

Other Costs

0.0

0.0

0.2

0.1

-

Directors Remuneration

2.6

2.0

1.7

0.9

0.1

Highest Paid Director

1.0

1.0

0.8

0.4

-

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Jan-2011

31-Jan-2010

01-Feb-2009

03-Feb-2008

31-Jan-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.631154

0.624064

0.717437

0.507962

0.510882

Consolidated

Yes

Yes

Yes

No

No

 

 

 

 

 

 

Land & Buildings

3.0

2.4

1.7

1.9

1.1

Fixtures & Fittings

113.4

62.5

34.8

30.4

15.3

Plant & Vehicles

0.1

0.0

0.0

0.0

0.0

Total Tangible Fixed Assets

116.5

64.9

36.5

32.2

16.3

Intangible Assets

2.5

1.8

0.7

0.1

0.1

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

119.0

66.7

37.2

32.4

16.4

Stocks

61.5

43.0

25.1

16.3

11.2

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

61.5

43.0

25.1

16.3

11.2

Trade Debtors

3.2

7.0

6.2

0.5

0.4

Inter-Company Debtors

0.0

0.0

0.0

-

-

Director Loans

-

0.0

0.1

0.2

-

Other Debtors

20.9

20.7

13.9

10.3

2.1

Total Debtors

24.2

27.6

20.2

10.9

2.5

Cash and Equivalents

25.5

5.7

1.2

3.1

9.8

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

111.2

76.4

46.4

30.4

23.4

Total Assets

230.2

143.1

83.7

62.8

39.8

Trade Creditors

54.0

31.3

13.2

6.8

1.9

Bank Overdraft

21.4

18.2

16.4

9.8

0.0

Director Loans (Current Liability)

0.0

0.4

0.0

2.6

-

Hire Purchase (Current Liability)

-

-

0.0

-

-

Finance Lease (Current Liability)

-

-

0.0

-

-

Total Finance Lease/Hire Purchase (Current Liability)

-

-

0.0

0.1

0.5

Total Short Term Loans

2.4

0.8

4.7

0.8

0.5

Accruals/Deferred Income (Current Liability)

13.6

5.6

5.2

5.1

1.5

Social Security/VAT

8.4

3.3

3.0

3.2

1.8

Corporation Tax

1.9

3.8

0.0

-

-

Other Current Liabilities

7.6

5.5

3.3

1.7

3.4

Total Current Liabilities

109.4

68.7

45.9

30.1

9.6

Group Loans (Long Term Liability)

-

-

-

-

0.0

Director Loans (Long Term Liability)

-

-

-

0.0

2.5

Hire Purchase (Long Term Liability)

-

-

-

0.0

-

Leasing (Long Term Liability)

-

-

-

0.0

-

Total Hire Purchase Loans (Long Term Liability)

-

-

-

0.0

0.1

Other Long Term Loans

64.2

32.3

12.8

18.8

19.4

Accruals/Deferred Income (Long Term Liability)

-

-

-

-

0.0

Other Long Term Liabilities

25.0

7.4

6.0

4.5

0.0

Total Long Term Liabilities

89.2

39.7

18.8

23.3

22.0

Deferred Taxation

4.3

3.4

1.9

0.0

0.0

Other Provisions

2.0

0.0

0.1

0.0

0.0

Total Provisions

6.3

3.4

2.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

15.1

15.3

13.3

10.3

10.3

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

10.2

16.0

3.6

-1.0

-2.0

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

25.3

31.3

17.0

9.3

8.2

Net Worth

22.8

29.5

16.2

9.2

8.2

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Jan-2011

31-Jan-2010

01-Feb-2009

03-Feb-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.648786

0.635292

0.558389

0.499604

0.53864

Consolidated

Yes

Yes

Yes

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

69.8

33.8

6.0

7.2

-8.7

Net Cash Flow from ROI and Servicing of Finance

-2.0

-1.5

-2.8

-2.6

-0.4

Taxation

-6.3

-0.1

0.0

0.0

-4.8

Capital Expenditures

-75.6

-38.7

-28.9

-18.8

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

30.1

11.5

12.3

-0.9

25.2

Increase in Cash

16.0

5.0

-13.5

-15.1

11.4

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Jan-2011

31-Jan-2010

01-Feb-2009

03-Feb-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.631154

0.624064

0.717437

0.507962

0.510882

Consolidated

Yes

Yes

Yes

No

No

 

 

 

 

 

 

Current Ratio

1.02

1.11

1.01

1.01

2.45

Liquidity Ratio

0.45

0.49

0.47

0.47

1.28

Stock Turnover

5.37

4.95

5.06

5.66

-

Credit Period (Days)

3.56

11.94

17.90

1.89

-

Working Capital by Sales

0.55%

3.61%

0.41%

0.27%

-

Trade Credit by Debtors

16.76

4.49

2.12

14.26

5.38

Return on Capital

-0.12%

22.98%

16.72%

0.93%

-10.60%

Return on Assets

-0.06%

11.95%

7.55%

0.48%

-8.05%

Profit Margin

-0.04%

8.03%

4.98%

0.33%

-

Return on Shareholders Funds

-0.56%

54.66%

37.22%

3.25%

-38.96%

Borrowing Ratio

386.27%

175.45%

208.97%

349.74%

281.25%

Equity Gearing

10.99%

21.86%

20.28%

14.85%

20.67%

Debt Gearing

281.87%

109.68%

78.71%

205.28%

269.39%

Interest Coverage

-0.02

5.98

2.82

0.12

-7.92

Sales by Tangible Assets

2.84

3.28

3.47

2.86

-

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

0.1

0.1

0.1

0.1

-

Capital Employed per Employee

0.0

0.0

0.0

0.0

0.1

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

19.81%

20.01%

20.98%

22.75%

-

Creditor Days (Cost of Sales Based)

159.56

170.80

116.41

74.59

-

Creditor Days (Sales Based)

59.68

53.62

38.03

27.00

-

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.31

UK Pound

1

Rs.88.06

Euro

1

Rs.70.91

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.