MIRA INFORM REPORT
|
Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
|
Correct Name : |
C.P. HART & SONS LIMITED |
|
|
|
|
Registered Office : |
Unit 40 Charles Park , London Nw1 8ur |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
17.10.1966 |
|
|
|
|
Com. Reg. No.: |
889832 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Importer, distributor
and retailer of premuim sector
bathroom fittings and furniture |
|
|
|
|
No. of Employees
: |
119 |
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 |
|
Maximum Credit Limit : |
£115,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
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 30th, 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 |
C.P. HART & SONS LIMITED |
Company Number |
889832 |
|
Registered Address |
UNIT 40 CHARLES PARK |
Trading Address |
103-105 Regents Park Road |
|
|
London |
|
|
|
|
NW1 8UR |
|
|
|
|
|
|
|
|
|
CLAIRE CAUSEWAY CROSSWAYS |
|
|
|
|
DARTFORD |
|
|
|
|
DA2 6QA |
|
|
|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number |
1322422081 |
Fax Number |
|
|
TPS |
Yes |
FPS |
No |
|
Incorporation Date |
17/10/1966 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
29/07/2011 |
|
|
|
Share Capital |
£6,250 |
|
SIC03 |
5147 |
Currency |
GBP |
|
SIC03 Description |
WHOLESALE OF OTHER HOUSEHOLD GOODS |
|
|
|
SIC07 |
46499 |
|
|
|
SIC07 Description |
WHOLESALE OF HOUSEHOLD GOODS (OTHER THAN
MUSICAL INSTRUMENTS) N.E.C. |
|
|
|
Principal Activity |
Importer, distributor and retailer of
premuim sector bathroom fittings and furniture. |
|
|
Current Credit Limit: £115,000
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
21 |
Current Directors
|
Name |
Richard Hugh Reynolds |
Date of Birth |
12/07/1955 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment Date |
18/01/2008 |
|
|
|
Address |
Unit 40 Charles Park, Claire Causeway Crossways,
Dartford, DA2 6QA |
||
|
|
|
|
|
|
Name |
Kevin Ohle |
Date of Birth |
09/09/1957 |
|
Officers Title |
Mr |
Nationality |
Irish |
|
Present
Appointments |
10 |
Function |
Director |
|
Appointment Date |
18/01/2008 |
|
|
|
Address |
Unit 40 Charles Park, Claire Causeway Crossways,
Dartford, DA2 6QA |
||
|
|
|
|
|
|
Name |
Paul Francis Harrison Rowland |
Date of Birth |
30/03/1960 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
21/08/2008 |
|
|
|
Address |
Unit 40 Charles Park, Claire Causeway Crossways,
Dartford, DA2 6QA |
||
|
|
|
|
|
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Gregory John Hart |
1 |
4 |
|
Mark Lloyd Archer |
0 |
8 |
|
Mark Lloyd Archer |
0 |
8 |
|
David Ross Hooper |
104 |
134 |
|
Stephen Edward John Maguire |
0 |
1 |
|
Kenneth Ivor Bray |
0 |
15 |
|
Andrew Robert Airey |
2 |
15 |
|
Graham Robertson Jacobs |
1 |
2 |
|
Marc Lawrence Bertrand |
0 |
5 |
|
John Peter Brunton |
0 |
2 |
|
Paul Francis Rowland |
3 |
2 |
|
Michael Robert Green |
5 |
2 |
|
Nicola Jane Saul |
22 |
5 |
|
David Whittow Williams |
16 |
10 |
|
Preben Bager |
4 |
26 |
|
Gary Alan Favell |
18 |
51 |
|
Gordon Cameron Paul Gratton |
10 |
39 |
|
Gordon Cameron Paul Gratton |
10 |
39 |
|
John Charles Stanley Hart |
0 |
2 |
|
John Charles Stanley Hart |
0 |
2 |
|
Thomas Patrick Hart |
0 |
1 |
Current Company
Secretary
|
Name |
Kevin Ohle |
Date of Birth |
09/09/1957 |
|
Officers Title |
Mr |
Nationality |
Irish |
|
Present Appointments |
10 |
Function |
Company
Secretary |
|
Appointment Date |
18/01/2008 |
|
|
|
Address |
Unit 40 Charles Park, Claire
Causeway Crossways, Dartford, DA2 6QA |
||
CCJ
|
Total Number of
Exact CCJs - |
0 |
Total Value of
Exact CCJs - |
|
|
Total Number of
Possible CCJs - |
0 |
Total Value of
Possible CCJs - |
|
|
Total Number of
Satisfied CCJs - |
0 |
Total Value of
Satisfied CCJs - |
|
|
Total Number of
Writs - |
0 |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ
Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
Top 20
Shareholders
|
Name |
Individual Share
Value |
|
CHARCO 2010 LTD |
6,250 ORDINARY GBP 1.00 |
Payment Information Summary
|
Total number of Invoices available |
1 |
|
Total number of Invoices paid within or up to 30 days after the due
date |
0 |
|
Total number of Invoices paid more than 30 days after the due date |
1 |
|
Total number of Invoices currently outstanding where the due date has
not yet been reached |
0 |
|
Total number of Invoices currently outstanding beyond the due date |
0 |
|
Group |
4 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
CHARCO 2010 LIMITED |
|
Ownership Status
|
Wholly Owned |
|
Ultimate Holding
Company |
|
Group structure
|
Company Name |
|
Registered
Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
CHARCO 2010 LIMITED |
|
05991959 |
31.12.2010 |
Y |
£22,206,000 |
|
C.P. HART & SONS LIMITED |
|
00889832 |
31.12.2010 |
N |
£16,130,000 |
|
AQUAMAISON LIMITED |
|
01456889 |
30.12.2011 |
N |
|
|
COLOURWASH LIMITED |
|
02376783 |
31.12.2010 |
N |
£8,250,014 |
Group 4 companies
Linkages 0 companies
Countries In 0 countries
Profit & Loss
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£16,130,000 |
-2.2% |
£16,488,000 |
-3.8% |
£17,139,000 |
0.1% |
£17,116,000 |
6.7% |
£16,046,000 |
|
Export |
£273,000 |
-57.4% |
£641,000 |
488.1% |
£109,000 |
-16.8% |
£131,000 |
-3% |
£135,000 |
|
Cost of Sales |
£9,154,000 |
-4.4% |
£9,572,000 |
-2.3% |
£9,795,000 |
-0.2% |
£9,812,000 |
8.3% |
£9,064,000 |
|
Gross Profit |
£6,976,000 |
0.9% |
£6,916,000 |
-5.8% |
£7,344,000 |
0.5% |
£7,304,000 |
4.6% |
£6,982,000 |
|
Wages & Salaries |
£3,347,000 |
3.5% |
£3,235,000 |
-1.7% |
£3,291,000 |
-1.8% |
£3,353,000 |
8.5% |
£3,090,000 |
|
Directors Emoluments |
£145,000 |
- |
£145,000 |
130.2% |
£63,000 |
-43.2% |
£111,000 |
-99.9% |
£108,000,000 |
|
Operating Profit |
£590,000 |
12.8% |
£523,000 |
-1.9% |
£533,000 |
-17.2% |
£644,000 |
124.4% |
£287,000 |
|
Depreciation |
£366,000 |
11.6% |
£328,000 |
-31.1% |
£476,000 |
-25.3% |
£637,000 |
-13.3% |
£735,000 |
|
Audit Fees |
£16,000 |
- |
£16,000 |
-11.1% |
£18,000 |
-40% |
£30,000 |
11.1% |
£27,000 |
|
Interest Payments |
- |
-100% |
£43,000 |
-66.9% |
£130,000 |
- |
- |
-100% |
£21,000 |
|
Pre Tax Profit |
£532,000 |
7.3% |
£496,000 |
19.5% |
£415,000 |
-48.3% |
£803,000 |
201.9% |
£266,000 |
|
Taxation |
-£79,000 |
31.3% |
-£115,000 |
-999.9% |
-£6,000 |
97.6% |
-£253,000 |
-82% |
-£139,000 |
|
Profit After Tax |
£453,000 |
18.9% |
£381,000 |
-6.8% |
£409,000 |
-25.6% |
£550,000 |
333.1% |
£127,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£453,000 |
18.9% |
£381,000 |
-6.8% |
£409,000 |
-25.6% |
£550,000 |
333.1% |
£127,000 |
Balance Sheet
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Tangible Assets |
£1,355,000 |
122.5% |
£609,000 |
-23.8% |
£799,000 |
-10.8% |
£896,000 |
-31.1% |
£1,300,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£1,355,000 |
122.5% |
£609,000 |
-23.8% |
£799,000 |
-10.8% |
£896,000 |
-31.1% |
£1,300,000 |
|
Stock |
£2,272,000 |
30.6% |
£1,739,000 |
-18.6% |
£2,136,000 |
-6.6% |
£2,287,000 |
26% |
£1,815,000 |
|
Trade Debtors |
£1,059,000 |
-2.3% |
£1,084,000 |
55.1% |
£699,000 |
-47.4% |
£1,328,000 |
2.5% |
£1,295,000 |
|
Cash |
£1,067,000 |
-10% |
£1,186,000 |
-52.8% |
£2,513,000 |
63.1% |
£1,541,000 |
147.7% |
£622,000 |
|
Other Debtors |
£658,000 |
1.7% |
£647,000 |
-4.4% |
£677,000 |
23.5% |
£548,000 |
21.5% |
£451,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£5,056,000 |
8.6% |
£4,656,000 |
-22.7% |
£6,025,000 |
5.6% |
£5,704,000 |
36.4% |
£4,183,000 |
|
Trade Creditors |
£957,000 |
30% |
£736,000 |
6.7% |
£690,000 |
81.1% |
£381,000 |
16.9% |
£326,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£379,000 |
232.5% |
£114,000 |
-95.3% |
£2,410,000 |
-3.8% |
£2,506,000 |
2.2% |
£2,452,000 |
|
Miscellaneous Current Liabilities |
£2,945,000 |
9.6% |
£2,688,000 |
13.5% |
£2,368,000 |
-15.6% |
£2,806,000 |
19.5% |
£2,348,000 |
|
Total Current Liabilities |
£4,281,000 |
21% |
£3,538,000 |
-35.3% |
£5,468,000 |
-4% |
£5,693,000 |
11.1% |
£5,126,000 |
|
Bank Loans & Overdrafts and LTL |
0 |
-100% |
£50,000 |
-16.7% |
£60,000 |
200% |
£20,000 |
- |
£20,000 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
-100% |
£50,000 |
-16.7% |
£60,000 |
200% |
£20,000 |
- |
£20,000 |
Capital &
Reserves
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Called Up Share Capital |
£6,000 |
- |
£6,000 |
- |
£6,000 |
- |
£6,000 |
- |
£6,000 |
|
P & L Account Reserve |
£2,120,000 |
27.2% |
£1,667,000 |
29.6% |
£1,286,000 |
46.6% |
£877,000 |
168.2% |
£327,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£4,000 |
- |
£4,000 |
- |
£4,000 |
- |
£4,000 |
- |
£4,000 |
|
Shareholder Funds |
£2,130,000 |
27% |
£1,677,000 |
29.4% |
£1,296,000 |
46.1% |
£887,000 |
163.2% |
£337,000 |
Other Financial
Items
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Net Worth |
£2,130,000 |
27% |
£1,677,000 |
29.4% |
£1,296,000 |
46.1% |
£887,000 |
163.2% |
£337,000 |
|
Working Capital |
£775,000 |
-30.7% |
£1,118,000 |
100.7% |
£557,000 |
999.9% |
£11,000 |
101.2% |
-£943,000 |
|
Total Assets |
£6,411,000 |
21.8% |
£5,265,000 |
-22.8% |
£6,824,000 |
3.4% |
£6,600,000 |
20.4% |
£5,483,000 |
|
Total Liabilities |
£4,281,000 |
19.3% |
£3,588,000 |
-35.1% |
£5,528,000 |
-3.2% |
£5,713,000 |
11% |
£5,146,000 |
|
Net Assets |
£2,130,000 |
27% |
£1,677,000 |
29.4% |
£1,296,000 |
46.1% |
£887,000 |
163.2% |
£337,000 |
Miscellaneous
|
Date Of Accounts |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£2,130,000 |
23.3% |
£1,727,000 |
27.4% |
£1,356,000 |
49.5% |
£907,000 |
154.1% |
£357,000 |
|
Number of Employees |
119 |
13.3% |
105 |
-4.5% |
110 |
- |
110 |
7.8% |
102 |
|
Auditors |
BARNES ROFFE LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
NATIONAL WESTMINSTER BANK PLC |
||||||||
|
Bank Branch Code |
55-81-45 |
||||||||
Ratios
|
Date Of Accounts |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
31/12/06 |
|
Pre-tax profit margin % |
3.30 |
3.01 |
2.42 |
4.69 |
1.66 |
|
Current ratio |
1.18 |
1.32 |
1.10 |
1 |
0.82 |
|
Sales/Net Working Capital |
20.81 |
14.75 |
30.77 |
1556 |
-17.02 |
|
Gearing % |
0 |
3 |
4.60 |
2.30 |
5.90 |
|
Equity in % |
33.20 |
31.90 |
19 |
13.40 |
6.10 |
|
Creditor Days |
21.59 |
16.24 |
14.65 |
8.10 |
7.40 |
|
Debtor Days |
23.89 |
23.93 |
14.84 |
28.24 |
29.38 |
|
Liquidity/Acid Test |
0.65 |
0.82 |
0.71 |
0.60 |
0.46 |
|
Return On Capital Employed % |
24.97 |
28.72 |
30.60 |
88.53 |
74.51 |
|
Return On Total Assets Employed % |
8.29 |
9.42 |
6.08 |
12.16 |
4.85 |
|
Current Debt Ratio |
2 |
2.10 |
4.21 |
6.41 |
15.21 |
|
Total Debt Ratio |
2 |
2.13 |
4.26 |
6.44 |
15.27 |
|
Stock Turnover Ratio % |
14.08 |
10.54 |
12.46 |
13.36 |
11.31 |
|
Return on Net Assets Employed % |
24.97 |
29.57 |
32.02 |
90.53 |
78.93 |
Na
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
23/09/2011 |
Annual Returns |
|
09/08/2011 |
New Accounts Filed |
|
06/11/2010 |
Annual Returns |
|
02/08/2010 |
New Accounts Filed |
|
02/08/2010 |
New Accounts Filed |
|
02/10/2009 |
Annual Returns |
|
15/05/2009 |
New Accounts Filed |
|
29/09/2008 |
New Board Member Mr P.F. Rowland appointed |
|
19/09/2008 |
Annual Returns |
|
01/09/2008 |
New Accounts Filed |
|
15/02/2008 |
New Company Secretary Mr K. Ohle appointed |
|
15/02/2008 |
New Board Member Mr K. Ohle appointed |
|
15/02/2008 |
New Board Member Mr R.H. Reynolds appointed |
|
13/02/2008 |
Change in Reg.Office |
|
13/02/2008 |
Change of Company Postcode |
Previous Company
Names
|
No Previous Names found |
Mortgage Details
|
Mortgage Type: |
FIXED CHARGE ON NON-VESTING DEBTS AND
FLOATING CHARGE |
||
|
Date Charge
Created: |
10/07/09 |
|
|
|
Date Charge
Registered: |
14/07/09 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
HSBC INVOICE FINANCE (UK) LTD ("THE
SECURITY HOLDER") |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
ALL DEBTS PURCHASED OR PURPORTED TO BE
PURCHASED BY THE SECURITY HOLDER PURSUANT TO AN AGREEMENT FORTHE PURCHASE OF
DEBTS INCLUDING ASSOCIATED RIGHTS RELATINGTHERETO AND BY WAY OF FLOATING
CHARGE ALLTHE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND
WHERESOEVER |
||
|
Mortgage Type: |
CHATTEL MORTGAGE |
||
|
Date Charge
Created: |
31/01/96 |
|
|
|
Date Charge Registered: |
09/02/96 |
|
|
|
Date Charge
Satisfied: |
08/03/01 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
MERCEDES-BENZ 814 3.7M W/B 7500KG GVW,
CHASSIS NO. WDB674012-2K-136141 8, ENGINE NO. 356901-20-387272, REGISTRATION
NO.N871 GLO AND MERCEDES-BENZ 312D CHASSIS4.025M W/B 3500 GVW, CHASSIS NO.
WDB903413-2P-537049 6, ENGINE NO. 602980-00-015942, REGISTRATION NO. N872 GLO |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge
Created: |
22/09/94 |
|
|
|
Date Charge
Registered: |
11/10/94 |
|
|
|
Date Charge
Satisfied: |
08/03/01 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER SUPPLEMENTAL TO A FIXED AND
FLOATING CHARGE DATED 28 APRIL 1989 |
||
|
Details: |
FIXED CHARGE ON ALL GOODWILL AND UNCALLED
CAPITAL FOR THE TIME BEING OF THE COMPANY; AND ALL PATENTSPATENT APPLICATIONS
INVENTIONS TRADE MARKS TRADE NAMES ETC |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
06/02/92 |
|
|
|
Date Charge
Registered: |
13/02/92 |
|
|
|
Date Charge
Satisfied: |
08/03/01 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H LANDS AND PREMISES BEING 2
HERCULESROAD, LONDON SE1 WITH ALL FIXTURES AND FITTINGS THEREON |
||
|
Mortgage Type: |
FIXED AND FLOATING CHARGE |
||
|
Date Charge
Created: |
28/04/89 |
|
|
|
Date Charge
Registered: |
16/05/89 |
|
|
|
Date Charge
Satisfied: |
08/03/01 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING BOOK DEBTS &
UNCALLED CAPITAL OTHER DEBTS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
28/04/89 |
|
|
|
Date Charge
Registered: |
16/05/89 |
|
|
|
Date Charge
Satisfied: |
08/03/01 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL THE PROPERTY COMPRISED IN TITLE
NOSK581229, K581242 AND K581230 AT H.M. LAND REGISTRY K/A UNITS44/45/46 BLUE
CHALET INDUSTRIAL ESTATE, LONDON ROAD WEST KINGSDOWN, KENTS |
||
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.78.15 |
|
Euro |
1 |
Rs.65.09 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.