MIRA
INFORM REPORT
|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
E.AND W.HOPKINS LIMITED |
|
|
|
|
Registered Office : |
58 Davies Street, 4th Floor, Unit-, London, |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2012 |
|
|
|
|
Date of Incorporation : |
03.05.1938 |
|
|
|
|
Com. Reg. No.: |
00339904 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Importers and retailing of diamonds
and precious stones. |
|
|
|
|
No. of Employees : |
Not available |
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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to Ł375 billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.
|
Source : CIA |
REGISTERED NAME & COMPANY
SUMMARY
Summary – Company
Information
|
Company Name |
E.AND W.HOPKINS LIMITED |
Company Number |
00339904 |
|
Registered Address |
58 DAVIES STREET |
Trading Address |
32-33 Hatton Garden |
|
|
4TH FLOOR, UNIT-5 |
|
|
|
|
LONDON |
|
|
|
|
W1K 5JF |
|
|
|
Website Address |
|
|
|
|
Telephone Number |
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation Date |
03/05/1938 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
22/02/2013 |
|
|
|
Share Capital |
Ł2,625 |
|
SIC03 |
5190 |
Currency |
GBP |
|
SIC03 Description |
OTHER WHOLESALE |
||
|
SIC07 |
46900 |
||
|
SIC07 Description |
NON-SPECIALISED WHOLESALE TRADE |
||
|
Principal Activity |
Importers and retailing of diamonds and
precious stones. |
||
DIRECTORS/MANAGEMENT
Directors
|
Total Current Directors |
4 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
2 |
Current Directors
|
Name |
Rashida Ahamed
Maricar |
Date of Birth |
05/11/1952 |
|
Officers Title |
Mrs |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
23/02/1992 |
|
|
|
Address |
4 Hayes Barton, Woking, Surrey, GU22 8NH |
||
|
|
|
|
|
|
Name |
Sayed Mohamed Sayed Ahamed Maricar |
Date of Birth |
04/06/1948 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
23/02/1992 |
|
|
|
Address |
4 Hayes Barton, Woking, Surrey, GU22 8NH |
||
|
|
|
|
|
|
Name |
Date of Birth |
03/02/1972 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
15/07/2003 |
|
|
|
Address |
4 Hayes Barton, Woking, Surrey, GU22 8NH |
||
|
|
|
|
|
|
Name |
Date of Birth |
15/11/1979 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/05/2011 |
|
|
|
Address |
58 Davies Street, 4th Floor, Unit-5, London,
W1K 5JF |
||
Current Company
Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company
Secretary |
|
Appointment Date |
10/02/2013 |
|
|
|
Address |
58 Davies Street, 4th Floor, Unit-5, London,
W1K 5JF |
||
Directors
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
2 |
2 |
|
|
2 |
2 |
NEGATIVE INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
|
|
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
|
Outstanding |
1 |
|
Satisfied |
0 |
Full CCJ Details
Exact CCJ Details
|
No CCJs found |
Possible CCJs
Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Mortgage Details
Mortgage Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
09/05/02 |
|
|
|
Date Charge Registered: |
21/05/02 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
NATIONAL
WESTMINSTER 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 GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED
PLANT AND MACHINERY |
||
SHARE & SHARE CAPITAL
INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
S.M.S.A. MARICAR |
GBP |
1,668 |
ORDINARY |
1 |
63.54 |
|
R.A. MARICAR |
GBP |
656 |
ORDINARY |
1 |
24.99 |
|
HASAN MARICAR |
GBP |
300 |
ORDINARY |
1 |
11.43 |
|
S.M. MARICAR |
GBP |
1 |
ORDINARY |
1 |
0.04 |
PAYMENT INFORMATION
Summary – Payment
History
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/04/2012 |
- |
- |
-Ł50,419 |
- |
|
30/04/2011 |
- |
- |
-Ł44,940 |
- |
|
30/04/2010 |
- |
- |
-Ł41,075 |
- |
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to leave a payment experience
|
|
Creditor &
Debtor Details
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors /
Bad Debt Detail
|
No Debtor Data |
|
Total Value |
- |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
No group structure
Linkages
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
FINANCIAL INFORMATION
Financials
Profit & Loss
|
|
Date Of Accounts |
30/04/12 |
|
30/04/11 |
|
30/04/10 |
|
30/04/09 |
|
30/04/08 |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
|
Currency |
GBP |
|
GBP |
|
GBP |
|
GBP |
|
GBP |
|
|
Consolidated A/cs |
N |
|
N |
|
N |
|
N |
|
N |
|
|
Turnover |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Export |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Cost of Sales |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Gross Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Wages & Salaries |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Directors Emoluments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Operating Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Depreciation |
Ł1,600 |
|
Ł2,134 |
|
Ł2,844 |
|
Ł3,200 |
|
Ł2,087 |
|
|
Audit Fees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Interest Payments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Pre Tax Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Taxation |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Profit After Tax |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Dividends Payable |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Retained Profit |
- |
|
- |
|
- |
|
- |
|
- |
Balance Sheet
|
|
Date Of Accounts |
30/04/12 |
|
30/04/11 |
|
30/04/10 |
|
30/04/09 |
|
30/04/08 |
|
|
Tangible Assets |
Ł12,300 |
|
Ł13,900 |
|
Ł16,034 |
|
Ł17,101 |
|
Ł8,762 |
|
|
Intangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Fixed Assets |
Ł12,300 |
|
Ł13,900 |
|
Ł16,034 |
|
Ł17,101 |
|
Ł8,762 |
|
|
Stock |
Ł148,000 |
|
Ł302,000 |
|
Ł406,500 |
|
Ł397,500 |
|
Ł428,220 |
|
|
Trade Debtors |
Ł355,964 |
|
Ł72,217 |
|
Ł210,308 |
|
Ł160,686 |
|
Ł366,524 |
|
|
Cash |
Ł31,116 |
|
Ł53,489 |
|
Ł20,413 |
|
Ł53,873 |
|
Ł16,564 |
|
|
Other Debtors |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Miscellaneous Current Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Current Assets |
Ł535,080 |
|
Ł427,706 |
|
Ł637,221 |
|
Ł612,059 |
|
Ł811,308 |
|
|
Trade Creditors |
Ł597,799 |
|
Ł486,546 |
|
Ł694,330 |
|
Ł639,248 |
|
Ł835,945 |
|
|
Bank Loans & Overdrafts |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Short Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Miscellaneous Current Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Current Liabilities |
Ł597,799 |
|
Ł486,546 |
|
Ł694,330 |
|
Ł639,248 |
|
Ł835,945 |
|
|
Bank Loans & Overdrafts and LTL |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Long Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Long Term Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
Capital & Reserves
|
|
Date Of Accounts |
30/04/12 |
|
30/04/11 |
|
30/04/10 |
|
30/04/09 |
|
30/04/08 |
|
|
Called Up Share Capital |
Ł2,625 |
|
Ł2,625 |
|
Ł2,625 |
|
Ł2,625 |
|
Ł2,625 |
|
|
P & L Account Reserve |
-Ł53,044 |
|
-Ł47,565 |
|
-Ł43,700 |
|
-Ł12,713 |
|
-Ł18,500 |
|
|
Revaluation Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Sundry Reserves |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Shareholder Funds |
-Ł50,419 |
|
-Ł44,940 |
|
-Ł41,075 |
|
-Ł10,088 |
|
-Ł15,875 |
Other Financial Items
|
|
Date Of Accounts |
30/04/12 |
|
30/04/11 |
|
30/04/10 |
|
30/04/09 |
|
30/04/08 |
|
|
Net Worth |
-Ł50,419 |
|
-Ł44,940 |
|
-Ł41,075 |
|
-Ł10,088 |
|
-Ł15,875 |
|
|
Working Capital |
-Ł62,719 |
|
-Ł58,840 |
|
-Ł57,109 |
|
-Ł27,189 |
|
-Ł24,637 |
|
|
Total Assets |
Ł547,380 |
|
Ł441,606 |
|
Ł653,255 |
|
Ł629,160 |
|
Ł820,070 |
|
|
Total Liabilities |
Ł597,799 |
|
Ł486,546 |
|
Ł694,330 |
|
Ł639,248 |
|
Ł835,945 |
|
|
Net Assets |
-Ł50,419 |
|
-Ł44,940 |
|
-Ł41,075 |
|
-Ł10,088 |
|
-Ł15,875 |
Cash Flow
|
|
Date Of Accounts |
30/04/12 |
|
30/04/11 |
|
30/04/10 |
|
30/04/09 |
|
30/04/08 |
|
|
Net Cashflow from Operations |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow before Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow from Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Increase in Cash |
- |
|
- |
|
- |
|
- |
|
- |
Miscellaneous
|
|
Date Of Accounts |
30/04/12 |
|
30/04/11 |
|
30/04/10 |
|
30/04/09 |
|
30/04/08 |
|
|
Contingent Liability |
NO |
|
NO |
|
NO |
|
NO |
|
NO |
|
|
Capital Employed |
-Ł50,419 |
|
-Ł44,940 |
|
-Ł41,075 |
|
-Ł10,088 |
|
-Ł15,875 |
|
|
Number of Employees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Auditors |
|
||||||||
|
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
|
Bank Branch Code |
|
||||||||
Ratios
|
|
Date Of Accounts |
30/04/12 |
30/04/11 |
30/04/10 |
30/04/09 |
30/04/08 |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
0.90 |
0.88 |
0.92 |
0.96 |
0.97 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
|
Equity in % |
-9.20 |
-10.20 |
-6.30 |
-1.60 |
-1.90 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.64 |
0.25 |
0.33 |
0.33 |
0.46 |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
-11.85 |
-10.82 |
-16.90 |
-63.36 |
-52.65 |
|
|
Total Debt Ratio |
-11.85 |
-10.82 |
-16.90 |
-63.36 |
-52.65 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
ADDITIONAL INFORMATION
Commentary
|
No exact match CCJs are recorded against the
company. |
|
|
The credit limit on this company has fallen
20% in comparison to the previously suggested credit limit. |
|
|
There is insufficient data to indicate a
change in this companies percentage of sales. |
|
|
Net Worth decreased by 12.2% during the
latest trading period. |
|
|
A 24% growth in Total Assets occurred during
the latest trading period. |
|
|
There is insufficient data to indicate a
change in this companies pre-tax profit. |
|
|
The company saw a decrease in their Cash
Balance of 41.8% during the latest trading period. |
|
|
The company is exempt from audit. |
|
|
The company has undergone recent changes in
its directorships. |
|
|
The company is not part of a group. |
|
|
The movement in accumulated earnings would
indicate that the company incurred a loss after tax and other appropriations,
including dividends. |
|
|
The company has changed its registered
address recently. |
|
|
The company was established over 74 years
ago. |
|
Event History
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
28/02/2013 |
New Accounts Filed |
|
13/02/2013 |
Mr S.M. Maricar has left the board |
|
13/02/2013 |
Mr S.M. Maricar has resigned as company
secretary |
|
13/02/2013 |
New Company Secretary Mr S.M. Maricar
appointed |
|
21/03/2012 |
Annual Returns |
|
19/03/2012 |
New Board Member Mr K. Maricar appointed |
|
09/02/2012 |
New Accounts Filed |
|
30/01/2012 |
Change in Reg.Office |
|
30/01/2012 |
Change of Company Postcode |
|
25/03/2011 |
New Accounts Filed |
|
19/03/2011 |
Annual Returns |
|
29/03/2010 |
Annual Returns |
|
25/08/2009 |
New Accounts Filed |
|
14/04/2009 |
Annual Returns |
|
16/10/2008 |
New Accounts Filed |
Previous Company
Names
|
No Previous Names found |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world as the birthplace
for diamonds. It is difficult to trace the origin of diamonds but history
says that in the remote past, diamonds were mined only in India. Diamond
production in India can be traced back to almost 8th Century B.C.
India, in fact, remained undisputed leader till 18th Century
when Brazilian fields were discovered in 1725 followed by emergence of S.
Africa, Russia and Australia.
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The achievement of the Indian diamond industry was possible only due to
combination of the manufacturing skills of the Indian workforce and the untiring
and unflagging efforts of the Indian diamantaires, supported by progressive
Government policies.
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The area of study of family owned diamond businesses derives its
importance from the huge conglomerate of family run organizations which operate
in the diamond industry since many generations.
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Some of the basic traits of family run business enterprises include
spirit of entrepreneurship, mutual trust lowers transaction costs, small,
nimble and quick to react, information as a source of advantage and philanthropy.
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Family owned diamond businesses need to improve on many fronts including
higher standard of corporate governance, long-term performance – focused
strategies, modern management and technology.
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Utmost caution is to be exercised while dealing with some medium and
large diamond traders which are usually engaged in fictitious import – export,
inter-company transactions, financially assisted by banks. In the process,
several public sector banks lost several hundred million rupees. They mostly
diverted borrowed money for diamond business into real estate and capital
markets.
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Excerpts from Times of India dated 30th October 2010 is as
under –
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Gem & Jewellery Export Promotion Council in its statistical data has
shown the export of polished diamonds to have increase by 28 % in February
2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012,
India exported $ 1.84 billion worth of polished diamonds in February 2013. A
senior executive of GJEPC said, “Export of cut and polished diamonds started
falling month-wise after the imposition of 2 % of import duty on the polished
diamonds. But February, 2013 has given a new ray of hope to the industry as the
export of polished diamonds has actually increased by 28 %. It means the
industry is on the track of recovery and round tripping of diamonds has
stopped completely.” Demand has started coming from the US, the UK, Japan and
China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.
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The banking sector has started exercising restraint while following
prudent risk management norms when lending money to gems and jewellery sector.
This follows the implementation of Basel III accord – a global voluntary
regulatory standard on bank capital adequacy, stress testing and market
liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.30 |
|
UK Pound |
1 |
Rs.82.88 |
|
Euro |
1 |
Rs.70.80 |
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.