MIRA INFORM REPORT

 

 

Report Date :

27.10.2012

 

IDENTIFICATION DETAILS

 

Name :

ENGINE PARTNERS UK LLP

 

 

Registered Office :

60 Great Portland Street, London, W1W 7RT

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

22.06.2011

 

 

Com. Reg. No.:

OC365812

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Marketing services

 

 

No. of Employees :

87 employees

 

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 :

Slow

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

United Kingdom 

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

United Kingdom - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

 

Source : CIA

 

Company name & address 

 

Engine Partners UK LLP

60 Great Portland Street

London, W1W 7RT

United Kingdom

 

 

Synthesis

           

Employees:                  87

Company Type:            Private Subsidiary

Corporate Family:          41 Companies

Ultimate Parent:             The Engine Group Ltd.

Quoted Status:             Non-quoted Company

Incorporation Date:         22-Jun-2011

Auditor:                        KPMG LLP       

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               46.0  1

Net Income:                  0.9

Total Assets:                278.3

 

 

Business Description     

 

Marketing services.

 

Industry

Industry            Business Services

ANZSIC 2006:    6910 - Scientific Research Services

NACE 2002:      7413 - Market research and public opinion polling

NAICS 2002:     541910 - Marketing Research and Public Opinion Polling

UK SIC 2003:    7413 - Market research and public opinion polling

UK SIC 2007:    7320 - Market research and public opinion polling

US SIC 1987:    8732 - Commercial Economic, Sociological, and Educational Research

 

           

Key Executives   

 

Name

Title

Jonathan Ehiebinim Akwue

Non-Designated Llp Member

Stephen John Aldridge

Non-Designated Llp Member

Paul Antony Baverstock

Non-Designated Llp Member

Daniel Andrew Beasley

Non-Designated Llp Member

Richard Charles Bevan

Non-Designated Llp Member

 

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

60 Great Portland Street

London, W1W 7RT

London County

United Kingdom

           

Sales GBP(mil):             28.7

Assets GBP(mil):           179.1

Employees:                   87

Fiscal Year End:            31-Dec-2011

Industry:                        Business Services

           

Registered Address:

60 Great Portland Street

London, W1W 7RT

United Kingdom

 

Incorporation Date:                     22-Jun-2011

Company Type:                         Private Subsidiary

Quoted Status:                          Not Quoted

Registered No.(UK):                   OC365812

Non-Designated Llp Member:      Andrew Gavin Jaques

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

6910     -          Scientific Research Services

 

NACE 2002 Codes:

7413     -          Market research and public opinion polling

 

NAICS 2002 Codes:

541910  -          Marketing Research and Public Opinion Polling

 

US SIC 1987:

8732     -          Commercial Economic, Sociological, and Educational Research

 

UK SIC 2003:

7413     -          Market research and public opinion polling

 

UK SIC 2007:

7320     -          Market research and public opinion polling

 

Business Description

Marketing services.

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

28.7

Net Income:

0.5

Assets:

179.1

Current Assets:

17.0

 

Fixed Assets:

162.1

 

Long Term Debt:

158.8

 

Total Liabilities:

178.3

 

Working Capital:

-2.5

 

Net Worth:

-161.2

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

NA

NA

 

Key Corporate Relationships

Auditor:

KPMG LLP

 

Auditor:

KPMG LLP

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

The Engine Group Ltd.
Engine Partners UK LLP

Engine Partners UK LLP 
Total Corporate Family Members: 41 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

The Engine Group Ltd.

Parent

London

United Kingdom

Business Services

132.9

797

 

Wcrs Group Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

650

 

Engine People UK Ltd.

Subsidiary

London

United Kingdom

Business Services

32.3

614

 

Mhp Communications Ltd.

Subsidiary

London

United Kingdom

Business Services

16.8

147

 

Advocacy Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Advocacy International Partners Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Wcrs&Co Ltd.

Subsidiary

London

United Kingdom

Advertising

15.3

140

 

Drury Lane Films Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

0.3

3

 

Huge Music Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Engine Partners UK LLP

Subsidiary

London

United Kingdom

Business Services

46.0

87

 

Partners Andrews Aldridge Ltd.

Subsidiary

N/K

United Kingdom

Business Services

8.1

79

 

Andrews Aldridge Holdings Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Financial Services

 

 

 

Mischief Pr Ltd.

Subsidiary

London

United Kingdom

Business Services

6.3

63

 

Altogether Digital Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

8.2

60

 

Deep Focus

Subsidiary

New York, NY

United States

Advertising

 

55

 

Penrose Financial Ltd.

Subsidiary

London

United Kingdom

Business Services

4.5

42

 

Synergy Sponsorship Ltd.

Subsidiary

London

United Kingdom

Business Services

3.5

35

 

Synergy Sponsorship (Motorsport) Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Calling Brands Ltd.

Subsidiary

London

United Kingdom

Business Services

3.4

31

 

Simple Thinking Ltd.

Subsidiary

London

United Kingdom

Business Services

3.6

28

 

Hogarth Partnership Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

5.7

24

 

Fuel Data Strategies Ltd.

Subsidiary

London

United Kingdom

Business Services

2.8

24

 

Slice Promotions Ltd.

Subsidiary

London

United Kingdom

Business Services

2.0

24

 

Transform Innovation Ltd.

Subsidiary

London

United Kingdom

Business Services

7.5

23

 

Digital Public Uk Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

14

 

Edwards Groom & Saunders Ltd.

Subsidiary

London

United Kingdom

Business Services

0.9

13

 

Creator Visions Ltd.

Subsidiary

London

United Kingdom

Business Services

3.0

10

 

Engine USA

Subsidiary

New York, NY

United States

Advertising

2.1

7

 

Noise

Subsidiary

New York, NY

United States

Advertising

 

 

 

Liquid Communications Ltd.

Subsidiary

London

United Kingdom

 

 

2

 

Totem Agency Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

0.0

 

 

Dc Interact Ltd.

Subsidiary

Edinburgh

United Kingdom

Nonclassifiable Industries

 

 

 

Perception Digital Media Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Dowcarter Ltd

UK Branch/Trading address

Edinburgh

United Kingdom

Nonclassifiable Industries

 

 

 

Huge Entertainment Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Engine Business Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Republic Communications Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Old Gba Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Wet Paint Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

Woo Communications Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

The Engine Group Trustees Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jonathan Ehiebinim Akwue

 

Non-Designated Llp Member

Director/Board Member

 

Age: 41

 

Stephen John Aldridge

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 48

 

Paul Antony Baverstock

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 45

 

Daniel Andrew Beasley

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 30

 

Richard Charles Bevan

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 43

 

Daniel Bobby

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 43

 

Christopher Boyd

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 57

 

Sadaya Chalisey

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 40

 

Simon Thomas Clark

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 39

 

Antonia Collins

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 49

 

Richard Costa D'Sa

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 31

 

Hannah Craik

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 28

 

Hannah Crosby

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 28

 

Tim Crow

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 50

 

Dominic Thomas Curran

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 39

 

Elizabeth Darran

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 40

 

William Mark Davison

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 46

 

Wayne Deakin

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 34

 

Sacha Shisheer Deshmukh

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 38

 

Gavin Richard Devine

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 42

 

Richard Dunn

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Ben Dutton

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 33

 

Elisa Geraldine Edmonds

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 41

 

Matthew Edwards

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 39

 

Peter John Hamer Edwards

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 46

 

Susanna Ewing

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 35

 

William Eyre Faithfull

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Thomas Stewart Robert Gladston

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 34

 

Dan Glover

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 31

 

Richard Barron Gold

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 47

 

James Goldhill

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Toby Gunton

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 39

 

Craig Thomas Alexander Harrow

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 43

 

Matthew John Harvey

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 36

 

Richard Hirst

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Richard James Hiscutt

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Reginald Nicholas Rolls Hoare

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 51

 

Johan Bengt Hogsander

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 41

 

Julian Hough

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 50

 

Andrew Gavin Jaques

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 47

 

Nina Marta Jasinski

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 49

 

Leon Charles Michael Jaume

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 57

 

Paul Johnson

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 42

 

Nicola Jones

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 50

 

Sam Jordan

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 36

 

Mitchell Kaye

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Jamie Kenny

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 39

 

Deborah Klein

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 44

 

Robert Laughton

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 50

 

Alister Derek Lilley

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 42

 

Sally Lipsius

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 52

 

Ben Long

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Russell Maher

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 35

 

Ashley Graham Martin

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 54

 

Iain Matthews

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 32

 

Tim Mccall

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Sean Mcknight

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Robert Daniel Millar

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 43

 

Alex Miller

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 34

 

Gregory Keith Mitchell

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 45

 

Alison Mary Moor

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 51

 

Rik Moore

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 33

 

William Benedict Mould

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 40

 

Ross Donald Neil

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 37

 

Andrew Darsie Nicolls

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 49

 

Martin Nieri

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 41

 

Daniel Northover

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 39

 

John Richard Olsen

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 48

 

Derek Roy Palmer

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 48

 

Lisa Parfitt

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 33

 

Jonathan Andrew Peachey

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 46

 

Simon Peck

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 40

 

Ian David Pocock

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 36

 

Adam Raincock

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 32

 

Mark Paul Redwood-Sayce

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 40

 

Liam Graham Reynolds

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 38

 

Emma Robertson

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 35

 

Daniel Rowe

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 39

 

Philip Scotcher

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 36

 

Peter John Scott

 

Designated Llp Member

Director/Board Member

 

 

Age: 65

 

Paul Snoxell

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 43

 

Carsten Thode

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 38

 

Sally Todd

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 42

 

Andrew Todd

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 49

 

Edward Turner

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 32

 

Joan Mae Watson

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 50

 

David Wood

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 48

 

Sam Worthington

 

Non-Designated Llp Member

Director/Board Member

 

 

Age: 39

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

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

 

 

 

31-Dec-2011

Period Length

27 Weeks

Filed Currency

GBP

Exchange Rate (Period Average)

0.623776

Consolidated

No

 

 

Total Turnover

46.0

Total Expenses

45.1

Depreciation

0.1

Other Income

0.0

Interest Paid

0.0

Exceptional Income

0.0

Profit Before Taxes

0.9

Tax Payable / Credit

0.0

Extraordinary Items/Debits

0.0

Dividends

0.0

Profit After Taxes

0.9

Minority Interests (Profit & Loss)

0.0

Number of Employees

87

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

Filed Currency

GBP

Exchange Rate

0.643459

Consolidated

No

 

 

Land & Buildings

0.0

Fixtures & Fittings

0.1

Plant & Vehicles

0.1

Total Tangible Fixed Assets

0.2

Intangible Assets

251.8

Investments

0.0

Total Fixed Assets

252.0

Stocks

0.0

Work in Progress

0.0

Total Stocks Work In Progress

0.0

Trade Debtors

21.6

Other Debtors

4.8

Total Debtors

26.4

Cash and Equivalents

0.0

Other Current Assets

0.0

Total Current Assets

26.4

Total Assets

278.3

Trade Creditors

5.1

Bank Overdraft

0.6

Accruals/Deferred Income (Current Liability)

9.3

Social Security/VAT

5.9

Other Current Liabilities

9.5

Total Current Liabilities

30.3

Group Loans (Long Term Liability)

246.8

Director Loans (Long Term Liability)

0.0

Hire Purchase (Long Term Liability)

0.0

Leasing (Long Term Liability)

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

Other Long Term Loans

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

Other Long Term Liabilities

0.0

Total Long Term Liabilities

246.8

Deferred Taxation

0.0

Other Provisions

0.0

Total Provisions

0.0

Issued Capital

0.0

Share Premium Accounts

0.0

Revaluation Reserve

0.0

Retained Earnings

0.0

Other Reserves

1.2

Minority Interests (Balance Sheet)

0.0

Total Shareholders Funds

1.2

Net Worth

-250.6

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2011

Period Length

27 Weeks

Filed Currency

GBP

Exchange Rate

0.643459

Consolidated

No

 

 

Current Ratio

0.87

Liquidity Ratio

0.87

Credit Period (Days)

91.77

Working Capital by Sales

-4.60%

Trade Credit by Debtors

0.24

Return on Capital

0.65%

Return on Assets

0.58%

Profit Margin

1.87%

Return on Shareholders Funds

132.69%

Borrowing Ratio

-98.73%

Equity Gearing

0.44%

Debt Gearing

-98.50%

Interest Coverage

61.59

Sales by Tangible Assets

463.22

Profit per Employee

0.0

Sales per Employee

1.0

Capital Employed per Employee

2.9

Tangible Assets per Employee

0.0

Total Assets per Employee

3.2

Creditor Days (Cost of Sales Based)

21.64

Creditor Days (Sales Based)

21.64

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.63

UK Pound

1

Rs.86.18

Euro

1

Rs.69.75

 

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

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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.