MIRA
INFORM REPORT
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Report Date : |
24.05.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
PACIFIC MANUFACTURING ( |
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Registered Office : |
Fairman Law House, Park Terrace, |
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Country : |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
28.01.1993 |
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Com. Reg. No.: |
02784764 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Exportation of chemicals and commodities including provision of
facilities of an export confirming house |
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No. of Employees : |
04 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 42000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 & address
Pacific Manufacturing (
Tel: 020 8947 6236
Fax: 020 8947 6406
Web: www.pmul.co.uk
Synthesis
Employees: 4
Company Type: Private Independent
Quoted Status: Non-quoted Company
Incorporation Date:
28-Jan-1993
Auditor: Fairman Law
Financials in: USD
(Millions)
Fiscal Year End:
30-Sep-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 13.6
1
Net Income: 0.2
Total Assets: 6.7
Business Description
Exportation of chemicals and commodities including provision of
facilities of an export confirming house.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3739 - Other Goods
Wholesaling Not Elsewhere Classified
NACE 2002: 5190 - Other
wholesale
NAICS 2002: 423990 - Other
Miscellaneous Durable Goods Merchant Wholesalers
US SIC 1987: 5099 - Durable
Goods, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Nadeem Syed |
Secretary |
|
Teymour Jaffer |
Director |
|
Moeen Syed |
Director |
Financial Summary
FYE: 30-Sep-2010 USD (mil)
Key Figures
Current Assets 6.65
Fixed Assets 0.03
Total Liabilities 0.88
Net Worth 0.42
Key Ratios
Current Ratio 7.53
Acid Test 7.53
Registered No.(
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6425498
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6345983
Corporate Overview
Location
Tel: 020 8947 6236
Fax: 020 8947 6406
Web: www.pmul.co.uk
Sales GBP(mil): 8.8
Assets GBP(mil): 4.2
Employees: 4
Fiscal Year End: 30-Sep-2010
Industry: Miscellaneous
Capital Goods
Registered
Address:
Fairman Law House
Park Terrace
Incorporation Date: 28-Jan-1993
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(
Director: Teymour
Jaffer
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002 Codes:
5190 - Other wholesale
NAICS 2002 Codes:
423990 - Other Miscellaneous Durable Goods Merchant Wholesalers
US SIC 1987:
5099 - Durable Goods, Not Elsewhere Classified
5190 - Other wholesale
Business
Description
Exportation of chemicals and commodities including provision of
facilities of an export confirming house.
More Business
Descriptions
Import and Export Agents
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Executive report
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Directors and Shareholders Report
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Main Office Address: |
Tel: 020 8947 6236 |
Annual Return Date: 28 Jan 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Teymour |
Current |
27 Jul 1982 |
Fairman Law House, Park Terrace, |
19 Mar 2012 |
NA |
Current:1 |
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Moeen |
Current |
14 Jan 1974 |
Fairman Law House, Park Terrace, |
29 Mar 2012 |
NA |
Current:1 |
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Nadeem |
Previous |
13 Nov 1962 |
|
01 Aug 1995 |
15 May 1997 |
Current:1 |
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Jose |
Previous |
19 Oct 1940 |
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28 Jan 1994 |
10 Feb 2004 |
Current:0 |
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Khurshid |
Previous |
14 Mar 1948 |
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14 May 1997 |
16 Dec 2004 |
Current:0 |
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Munawar |
Previous |
06 Jun 1941 |
64 Mount Road, |
16 Dec 2004 |
19 Mar 2012 |
Current:0 |
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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 |
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Nadeem |
Current |
13 Nov 1962 |
72 Cannon Hill Lane, Merton Park, |
01 Aug 1995 |
NA |
Current:1 |
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Maria |
Previous |
NA |
19 Thornton Road, |
15 Apr 1993 |
01 Aug 1995 |
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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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Nadeem Syed |
30000 Ordinary GBP 1.00 |
Ordinary |
30,000 |
1.00 |
30,000.00 |
100.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Sep-2010 |
30-Sep-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.64255 |
0.647882 |
0.498361 |
0.528925 |
0.560422 |
|
Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
0.0 |
0.0 |
- |
- |
- |
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Turnover (Exports) |
13.6 |
15.2 |
- |
- |
- |
|
Total Turnover |
13.6 |
15.2 |
10.6 |
9.4 |
9.6 |
|
Cost of Sales |
12.9 |
14.4 |
10.0 |
8.9 |
9.1 |
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Gross Profit |
0.7 |
0.8 |
0.6 |
0.5 |
0.5 |
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Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Expenses |
0.4 |
0.4 |
0.4 |
0.8 |
0.2 |
|
Operating Profit |
- |
0.4 |
0.2 |
-0.4 |
0.2 |
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Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
- |
- |
- |
- |
|
Profit Before Taxes |
0.3 |
0.4 |
0.2 |
-0.4 |
0.3 |
|
Tax Payable / Credit |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
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Profit After Taxes |
0.2 |
0.0 |
0.2 |
-0.3 |
0.2 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Wages |
0.2 |
- |
- |
- |
- |
|
Social Security Costs |
0.0 |
- |
- |
- |
- |
|
Pensions |
- |
- |
- |
- |
0.0 |
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Other Pension Costs |
0.0 |
- |
- |
- |
- |
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Employees Remuneration |
0.2 |
- |
- |
- |
- |
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Directors Emoluments |
- |
- |
- |
- |
0.0 |
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Other Costs |
- |
- |
- |
- |
0.0 |
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Directors Remuneration |
- |
- |
- |
- |
0.0 |
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Highest Paid Director |
- |
- |
- |
- |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.634598 |
0.625254 |
0.503145 |
0.509853 |
0.576518 |
|
Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
5.3 |
4.1 |
3.6 |
3.6 |
3.4 |
|
Inter-Company Debtors |
- |
- |
- |
- |
0.0 |
|
Director Loans |
- |
- |
- |
- |
0.0 |
|
Other Debtors |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Total Debtors |
5.3 |
4.1 |
3.6 |
3.7 |
3.4 |
|
Cash and Equivalents |
1.4 |
1.6 |
1.7 |
1.0 |
1.5 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
6.6 |
5.8 |
5.3 |
4.7 |
4.8 |
|
Total Assets |
6.7 |
5.8 |
5.3 |
4.7 |
4.8 |
|
Trade Creditors |
0.8 |
0.6 |
1.1 |
0.7 |
1.1 |
|
Bank Overdraft |
- |
- |
0.0 |
0.0 |
0.0 |
|
Inter-Company Creditors |
- |
- |
- |
0.0 |
0.0 |
|
Director Loans (Current Liability) |
- |
- |
- |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Short Term Loans |
0.0 |
4.9 |
4.0 |
4.0 |
3.4 |
|
Accruals/Deferred Income (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Social Security/VAT |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Corporation Tax |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Dividends (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
0.9 |
5.6 |
5.1 |
4.7 |
4.6 |
|
Group Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
5.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
5.4 |
0.0 |
0.0 |
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 |
0.1 |
0.1 |
0.1 |
|
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 |
0.4 |
0.1 |
0.1 |
-0.1 |
0.2 |
|
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 |
0.4 |
0.2 |
0.2 |
0.0 |
0.3 |
|
Net Worth |
0.4 |
0.2 |
0.2 |
0.0 |
0.3 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.64255 |
0.647882 |
0.498361 |
0.528925 |
0.560422 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
-0.1 |
- |
- |
- |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
0.0 |
- |
- |
- |
- |
|
Taxation |
-0.1 |
- |
- |
- |
- |
|
Capital Expenditures |
0.0 |
- |
- |
- |
- |
|
Acquisitions and Disposals |
0.0 |
- |
- |
- |
- |
|
Paid Up Equity |
0.0 |
- |
- |
- |
- |
|
Management of Liquid Resources |
0.0 |
- |
- |
- |
- |
|
Net Cash Flow From Financing |
0.0 |
- |
- |
- |
- |
|
Increase in Cash |
-0.2 |
- |
- |
- |
- |
Annual Ratios
Financials in: USD (mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.634598 |
0.625254 |
0.503145 |
0.509853 |
0.576518 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
7.53 |
1.03 |
1.03 |
0.99 |
1.06 |
|
Liquidity Ratio |
7.53 |
1.03 |
1.03 |
0.99 |
1.06 |
|
Credit Period (Days) |
139.16 |
144.07 |
123.85 |
136.57 |
131.93 |
|
Working Capital by Sales |
41.77% |
1.56% |
1.44% |
-0.48% |
2.78% |
|
Trade Credit by Debtors |
0.15 |
0.15 |
0.31 |
0.19 |
0.34 |
|
Return on Capital |
5.25% |
161.31% |
116.31% |
- |
91.01% |
|
Return on Assets |
4.56% |
5.17% |
4.11% |
-8.05% |
5.32% |
|
Profit Margin |
2.20% |
2.86% |
2.08% |
-3.92% |
2.77% |
|
Return on Shareholders Funds |
71.67% |
161.31% |
116.31% |
- |
91.01% |
|
Borrowing Ratio |
1.43% |
2,628.20% |
2,134.27% |
-41,289.34% |
1,190.94% |
|
Equity Gearing |
6.36% |
3.21% |
3.53% |
-0.21% |
5.85% |
|
Sales by Tangible Assets |
551.32 |
461.16 |
291.85 |
263.64 |
384.28 |
|
Employee Remuneration by Sales |
1.55% |
- |
- |
- |
- |
|
Creditor Days (Cost of Sales Based) |
22.07 |
22.26 |
39.92 |
27.98 |
46.75 |
|
Creditor Days (Sales Based) |
20.96 |
21.07 |
37.82 |
26.57 |
44.44 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.86.84 |
|
Euro |
1 |
Rs.70.21 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.