MIRA INFORM REPORT

 

 

Report Date :

05.06.2012

 

IDENTIFICATION DETAILS

 

Name :

SPF PRIVATE CLIENTS LTD.  

 

 

Registered Office :

25 Finsbury Circus, London, EC2M 7EE

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

04.12.1998

 

 

Com. Reg. No.:

03680970

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

General insurance, commercial debt broking, mortgage broking and personal financial planning services

 

 

No. of Employees :

92

 

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 – 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 & address 

 

Spf Private Clients Ltd. 

The Maize

Berthelot Street

St Peter Port

Guernsey, GY1 1JT

United Kingdom

Tel:       01481 715234

Fax:      020 7495 3773

Web:    www.spf.co.uk

           

 

Synthesis

 

Employees:                  92

Company Type:            Private Subsidiary

Corporate Family:          4 Companies

Ultimate Parent:             Spf Private Clients Holdings Ltd.

Quoted Status:             Non-quoted Company

Incorporation Date:         04-Dec-1998

Auditor:                        PricewaterhouseCoopers LLP    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               11.0  1

Net Income:                  0.6

Total Assets:                 8.1

 

 

Business Description     

 

General insurance, commercial debt broking, mortgage broking and personal financial planning services.

 

Industry             

Industry            Investment Services

ANZSIC 2006:    6420 - Auxiliary Insurance Services

NACE 2002:      6720 - Activities auxiliary to insurance and pension funding

NAICS 2002:     5242 - Agencies, Brokerages, and Other Insurance Related Activities

UK SIC 2003:    6720 - Activities auxiliary to insurance and pension funding

US SIC 1987:    6411 - Insurance Agents, Brokers, and Service

 

 

Key Executives   

             

Name

Title

Jeremy Helsby

CEO

Michael Robert Boles

Director

Mark Edward Harris

Director

Alexander Lulworth King

Director

Christopher Michael Lee

Director

 

 

 

News              

 

Title

Date

Rules changes effect interest only mortgages
Nottingham Evening Post (UK) (175 Words)

12-Apr-2012

Big rise in mortgage lending backs up house prices growth
Guardian Web (595 Words)

29-Feb-2012

Halifax raises mortgage concerns with cap increase on standard variable rate
Guardian Web (606 Words)

28-Feb-2012

Home front
Daily Telegraph (UK) (577 Words)

25-Feb-2012

WEIGHING THE COST OF 0.5PC BANK RATE
Daily Telegraph (UK) (1267 Words)

25-Feb-2012

 

 

Financial Summary    

 

FYE: 31-Dec-2011          USD (mil)

 

Key Figures    

Current Assets              7.56

Fixed Assets                 0.51

Total Liabilities               6.04

Net Worth                     1.81

 

Key Ratios      

Current Ratio                 1.25

Acid Test                      1.25

 

Registered No.(UK): 03680970

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593

 

Corporate Overview

 

Location

The Maize

Berthelot Street

St Peter Port

Guernsey, GY1 1JT

Channel Isles County

United Kingdom

Tel:       01481 715234

Fax:      020 7495 3773

Web:    www.spf.co.uk

           

Sales GBP(mil):             6.9

Assets GBP(mil):           5.2

Employees:                   92

Fiscal Year End:            31-Dec-2011

Industry:                        Investment Services

           

Registered Address:

25 Finsbury Circus

London, EC2M 7EE

United Kingdom

 

Incorporation Date:         04-Dec-1998

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       03680970

Director:                        Michael Robert Boles

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Gazette Status

 

Industry Codes

 

ANZSIC 2006 Codes:

6420     -          Auxiliary Insurance Services

 

NACE 2002 Codes:

6720     -          Activities auxiliary to insurance and pension funding

 

NAICS 2002 Codes:

5242     -          Agencies, Brokerages, and Other Insurance Related Activities

 

US SIC 1987:

6411     -          Insurance Agents, Brokers, and Service

 

UK SIC 2003:

6720     -          Activities auxiliary to insurance and pension funding

 

Business Description

General insurance, commercial debt broking, mortgage broking and personal financial planning services.

 

More Business Descriptions

Depository Credit Intermediation

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

6.9

Net Income:

0.4

Assets:

5.2

Current Assets:

4.9

 

Fixed Assets:

0.3

 

Long Term Debt:

0.0

 

Total Liabilities:

3.9

 

Issued Capital:

0.3

 

Working Capital:

1.0

 

Net Worth:

1.2

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

-35.5%

NA

17.9%

Key Corporate Relationships

Auditor:

PricewaterhouseCoopers LLP

Bank:

Barclays Bank PLC

 

Auditor:

PricewaterhouseCoopers LLP

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

12-31-2011

 

 

 

 

Gazette Status

Description

Action Date

Publication

Publication Date

Claim Form

30-Jul-2010

 

05-Aug-2010

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Spf Private Clients Holdings Ltd.
Spf Private Clients Ltd.

Spf Private Clients Ltd. 
Total Corporate Family Members: 4 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Spf Private Clients Holdings Ltd.

Parent

London

United Kingdom

Consumer Financial Services

 

 

 

Spf Private Clients Ltd.

Subsidiary

Guernsey

United Kingdom

Investment Services

11.0

92

 

Savills Private Finance

UK Branch/Trading address

Sevenoaks

United Kingdom

Consumer Financial Services

11.0

1

 

Portnalls Ltd.

Subsidiary

 

United Kingdom

Business Services

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Michael Robert Boles

 

Director

Director/Board Member

 

Mark Edward Harris

 

Director

Director/Board Member

 

Alexander Lulworth King

 

Director

Director/Board Member

 

Christopher Michael Lee

 

Director

Director/Board Member

 

Nigel John Moore

 

Director

Director/Board Member

 

James Leslie Rodea

 

Director

Director/Board Member

 

Clive Anthony Rose

 

Director

Director/Board Member

 

David Alan Yeadon

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Jeremy Helsby

 

CEO

Chief Executive Officer

 

 

 

Directors and Shareholders Report

 

Main Office Address:
The Maize
Berthelot Street
Guernsey
United Kingdom GY1 1JT

Tel: 01481 715234
Fax: 020 7495 3773
URL: http://www.spf.co.uk

Annual Return Date: 04 Dec 2011
Total Issued Capital (GBP 000): 250

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Michael Robert 
Boles

Current

11 Jan 1968

Flat 88 New River Head, 173 Rosebery Avenue,
London , London EC1R 4UP

04 Dec 1998

NA

Current:2
Previous:0
Disqualifications:0

 

Mark Edward 
Harris

Current

21 Jul 1969

Bracadale 178 Shirley Church Road, Shirley, 
Croydon, London CR0 5AF

03 Jan 2002

NA

Current:2
Previous:5
Disqualifications:0

 

Clive Anthony 
Rose

Current

11 Dec 1960

25 Berrylands, 
Surbiton, Surrey KT5 8JT

01 Jun 2011

NA

Current:2
Previous:0
Disqualifications:0

 

Christopher Michael 
Lee

Current

22 Dec 1965

1 Mill Road, 
Ingatestone, Essex CM4 9BH

08 Jun 2011

NA

Current:10
Previous:29
Disqualifications:0

 

Nigel John 
Moore

Current

02 Apr 1968

51 Tannery Road,
Cambridge, Cambridgeshire CB22 3UW

11 Nov 2010

NA

Current:3
Previous:2
Disqualifications:0

 

David Alan 
Yeadon

Current

28 Oct 1963

17 Birchmead, 
Orpington, Kent BR6 8LT

02 Jun 2011

NA

Current:2
Previous:0
Disqualifications:0

 

James Leslie 
Rodea

Current

13 Apr 1972

61A Clifton Hill, 
St John's Wood, London NW8 0JN

08 May 2008

NA

Current:1
Previous:6
Disqualifications:0

 

Alexander Lulworth 
King

Current

10 Sep 1973

14 Calcroft Avenue, Ingress Park, 
Greenhithe, Kent DA9 9XE

01 Mar 2003

NA

Current:3
Previous:1
Disqualifications:0

 

Simon Roger
Dice

Previous

12 Dec 1964

8 The Avenue, 
Liphook, Hampshire GU30 7QD

09 Jul 2001

10 Dec 2009

Current:0
Previous:2
Disqualifications:0

 

Stuart Alec 
Robinson

Previous

04 Mar 1969

9H Eaton Square, Belgravia, 
London , London SW1W 5DB

28 May 2002

31 Dec 2004

Current:0
Previous:8
Disqualifications:0

 

Edward 
Clark

Previous

28 Jun 1964

25 Siward Road, 
Keston, Kent BR2 9JY

29 Nov 2005

10 Dec 2009

Current:0
Previous:1
Disqualifications:0

 

Kenneth John 
Chapman

Previous

20 Feb 1962

11 Leacroft Close, 
Purley, Surrey CR8 5EX

04 Dec 1998

16 Jul 1999

Current:0
Previous:3
Disqualifications:0

 

Danny 
O'Donnell

Previous

29 Jun 1964

23 Eltham Park Gardens, Eltham, 
London , London SE9 1AJ

04 Dec 1998

15 Nov 2006

Current:17
Previous:9
Disqualifications:0

 

Andrew Howard 
Mallett

Previous

30 Dec 1949

Wilton House Peers Drive, Aspley Guise, 
Milton Keynes, Buckinghamshire MK17 8JP

09 Jul 2001

23 Oct 2001

Current:1
Previous:32
Disqualifications:0

 

Jeremy Charles 
Helsby

Previous

09 Jul 1955

Thanes Farm, Motcombe, 
Shaftesbury, Dorset SP7 9LE

19 May 2008

12 Feb 2009

Current:4
Previous:4
Disqualifications:0

 

Catherine Rachel 
Moore

Previous

13 Nov 1976

95 Dukes Avenue, 
Epping, Essex CM16 7HH

08 Mar 2007

05 Aug 2010

Current:0
Previous:2
Disqualifications:0

 

Simon Timothy 
Jones

Previous

07 Jun 1958

75 Bradmore Way, 
Coulsdon, Surrey CR5 1PE

10 Aug 2006

10 Dec 2009

Current:0
Previous:3
Disqualifications:0

 

Stephen 
Tully

Previous

12 Jun 1963

20 Brigade Place, 
Whyteleafe, Surrey CR3 5ZU

16 Nov 1999

12 Sep 2003

Current:0
Previous:1
Disqualifications:0

 

Aubrey John
Adams

Previous

16 Oct 1949

Vines Farm, Kidmore End, 
Reading, Berkshire RG4 9AP

04 Dec 1998

10 Apr 2008

Current:13
Previous:32
Disqualifications:0

 

Simon James Blouet 
Shaw

Previous

23 Feb 1965

Mailpoint 810 Level F, South Block Southampton, 
Southampton, Hampshire SO16 6YD

02 Nov 2009

08 Jun 2011

Current:7
Previous:14
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

 

Tina Lynne 
Cutler

Previous

05 Nov 1965

24 Beckingham Road, Tolleshunt Darcy, 
Maldon, Essex CM9 8TU

09 Mar 2001

24 Feb 2004

Current:2
Previous:24
Disqualifications:0

 

Christopher Michael 
Lee

Previous

22 Dec 1965

1 Mill Road, 
Ingatestone, Essex CM4 9BH

14 Jul 2008

03 May 2011

Current:10
Previous:29
Disqualifications:0

 

Christina Elspeth 
Hildrey

Previous

28 May 1963

68 Montholme Road, 
London , London SW11 6HY

04 Dec 1998

09 Mar 2001

Current:0
Previous:40
Disqualifications:0

 

Ruth Tessa 
Michelson-Carr

Previous

11 Mar 1967

26 Limes Avenue, 
North Finchley, London N12 8QN

09 May 2003

14 Jul 2008

Current:1
Previous:53
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

Savills Financial Services Plc

04013646

49975 Ordinary GBP 1.00

Ordinary

49,975

1.00

49,975.00

19.99

SPF Private Clients Holdings Limited

07574553

200025 Ordinary GBP 1.00

Ordinary

200,025

1.00

200,025.00

80.01

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

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

 

 

 

 

 

 

31-Dec-2011

30-Apr-2011

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

35 Weeks

69 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623776

0.640008

0.641508

0.545576

0.499878

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Turnover

11.0

16.6

15.3

29.6

56.8

Total Expenses

9.5

17.3

17.4

34.2

46.1

Depreciation

0.0

0.0

0.1

0.1

0.2

Operating Profit

1.5

-

-2.1

-4.6

10.7

Other Income

0.0

0.1

0.0

0.7

1.1

Interest Paid

0.0

0.0

0.0

0.0

0.0

Exceptional Income

0.0

0.0

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

1.5

-0.5

-2.1

-3.9

11.8

Tax Payable / Credit

0.5

0.0

-1.1

0.2

3.3

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.4

1.6

0.0

3.3

9.5

Profit After Taxes

0.6

-2.1

-1.0

-7.5

-1.0

Audit Fees

0.0

0.1

0.0

0.0

0.1

Non Audit Fees

0.0

0.0

0.0

0.0

0.0

Number of Employees

92

104

133

209

223

Wages

4.4

9.1

9.3

14.3

15.8

Social Security Costs

0.9

1.3

1.2

2.2

3.6

Other Pension Costs

2.4

2.4

1.8

5.4

15.4

Employees Remuneration

7.7

12.8

12.3

21.9

34.8

Other Costs

-

-

1.7

-

-

Directors Remuneration

2.4

1.5

1.7

2.2

6.1

Highest Paid Director

0.5

0.4

0.3

0.4

1.9

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

30-Apr-2011

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.643459

0.599538

0.619253

0.695531

0.502361

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

-

0.0

-

0.0

0.0

Fixtures & Fittings

-

0.0

-

0.0

0.0

Plant & Vehicles

-

0.0

-

0.1

0.2

Total Tangible Fixed Assets

0.0

0.0

0.0

0.1

0.2

Intangible Assets

0.0

0.1

0.1

0.0

1.2

Investments

0.5

0.5

1.8

0.9

0.6

Total Fixed Assets

0.5

0.6

1.9

1.1

2.1

Stocks

0.0

0.0

0.0

0.0

0.0

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

0.0

0.0

0.0

0.0

0.0

Trade Debtors

1.8

0.4

1.5

1.0

2.9

Inter-Company Debtors

0.1

1.3

0.5

3.8

0.5

Director Loans

0.0

0.0

0.0

0.0

0.0

Other Debtors

0.9

0.5

1.2

1.7

3.0

Total Debtors

2.7

2.2

3.1

6.5

6.4

Cash and Equivalents

4.8

1.0

1.9

3.0

26.6

Other Current Assets

0.0

0.0

0.8

0.1

0.0

Total Current Assets

7.6

3.3

5.9

9.6

33.0

Total Assets

8.1

3.9

7.8

10.7

35.1

Trade Creditors

0.5

0.3

0.7

1.2

2.6

Bank Overdraft

0.0

0.0

0.0

0.0

0.0

Inter-Company Creditors

0.0

0.0

0.3

0.1

0.1

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Finance Lease (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Current Liability)

3.9

1.3

2.8

4.6

14.9

Social Security/VAT

0.7

0.3

0.3

0.0

2.5

Corporation Tax

-

-

-

0.6

-

Other Current Liabilities

0.9

0.7

0.5

1.1

1.3

Total Current Liabilities

6.0

2.6

4.6

7.7

21.4

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

0.0

0.0

0.0

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

0.0

0.0

0.0

0.0

0.0

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.2

0.0

0.6

0.1

0.0

Total Provisions

0.2

0.0

0.6

0.1

0.0

Issued Capital

0.4

0.4

0.4

0.4

0.5

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

1.4

0.9

2.2

2.6

13.2

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

1.8

1.3

2.6

2.9

13.7

Net Worth

1.8

1.2

2.5

2.9

12.4

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2011

30-Apr-2011

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

35 Weeks

69 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623776

0.640008

0.641508

0.545576

0.499878

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2011

30-Apr-2011

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

35 Weeks

69 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.643459

0.599538

0.619253

0.695531

0.502361

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.25

1.25

1.27

1.26

1.54

Liquidity Ratio

1.25

1.25

1.27

1.26

1.54

Credit Period (Days)

40.99

10.50

34.05

16.48

18.59

Working Capital by Sales

9.59%

4.93%

7.96%

8.55%

20.53%

Trade Credit by Debtors

0.28

0.73

0.47

1.18

0.90

Return on Capital

108.13%

-33.64%

-68.05%

-100.47%

85.66%

Return on Assets

27.23%

-11.06%

-27.91%

-28.80%

33.42%

Profit Margin

13.85%

-3.20%

-13.76%

-13.35%

20.71%

Return on Shareholders Funds

121.62%

-33.64%

-83.99%

-104.92%

85.66%

Borrowing Ratio

0.60%

-

10.59%

3.73%

0.74%

Equity Gearing

22.39%

32.87%

33.23%

27.45%

39.01%

Interest Coverage

-

-341.00

-449.33

-1,076.00

1,471.25

Sales by Tangible Assets

5,106.40

4,014.93

466.62

159.65

230.99

Average Remuneration per Employee

0.1

0.1

0.1

0.1

0.2

Profit per Employee

0.0

0.0

0.0

0.0

0.1

Sales per Employee

0.2

0.1

0.1

0.1

0.3

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

0.0

0.1

0.1

0.2

Employee Remuneration by Sales

69.74%

77.13%

80.76%

74.04%

61.23%

Creditor Days (Cost of Sales Based)

11.48

7.69

16.13

19.51

16.70

Creditor Days (Sales Based)

11.48

7.69

16.13

19.51

16.70

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.52

UK Pound

1

Rs.85.29

Euro

1

Rs.68.86

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.