MIRA INFORM REPORT

 

 

Report Date :

02.06.2012

 

IDENTIFICATION DETAILS

 

Name :

DELIGHT ENGINEERING

 

 

Registered Office :

Deltec House, 42 Bideford Av, Greenford, Middlesex, UB6 7PP

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

01.01.1974

 

 

Com. Reg. No.:

GR043160

 

 

Legal Form :

Unincorporated

 

 

Line of Business :

Export & Import Agents

 

 

No. of Employees :

4

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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 :

Moderate

Payment Behaviour :

Unknown

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

 

 

 

 

 

Identification Details

 

Subject Reported on

DELIGHT ENGINEERING

Business Number

GR043160

Address

DELTEC HOUSE, 42 BIDEFORD AV, GREENFORD, MIDDLESEX, UB6 7PP.

Telephone

020 89919596

Facsimile

020 89919737

 

 

 

 

Business Data

 

 

Business Type

Unincorporated

Business Number

GR043160

Subject Status

Trading

Known Since

01/01/1974

 

 

 

Operations

 

 

Activities

Export & Import Agents

Nace Code

5112

Premises

Leased,Offices

Staff Employed

4

Trade Names

PROJECTWISE INTERNATIONAL

Import Countries

ALL OVER THE WORLD

Export Countries

ALL OVER THE WORLD

Bankers

BARCLAYS BANK PLC

Address

ACORN HOUSE, 36-38 PARK ROYAL, LONDON, NW10 7JA.

Sort Code

209260

 

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

0

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

 

 

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Known Owners/Managers

 

 

Senior Executive

Mr PAUL SINGH

 

 

 

Financial Data– Statutory Accounts

 

 

The organisation is not legally obliged to make available financial information for public inspection.

 

 

 

Key Industry Sector Trends

 

 

Year

2012

2011

2010

2009

Sample Size

184

9285

13808

13794

Pre-Tax Profit Margin

6.7

11

8.2

7.3

Current Ratio

2

1.6

1.6

1.6

Borrowing Ratio

11.2

72.3

72.2

62.3

Return on Capital

104

48.2

50.3

50.1

Creditors Days

44

152

225

196

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale on a fee or contract basis


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.92

UK Pound

1

Rs.86.03

Euro

1

Rs.69.13

 

 

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.