MIRA INFORM REPORT
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Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
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Name : |
HYPERAMA PLC |
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Registered Office : |
Bull Close Road, Nottingham, NG7 2UT |
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Country : |
United Kingdom |
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Financials (as on) : |
27.01.2013 |
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Date of Incorporation : |
26.11.1991 |
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Com. Reg. No.: |
02667340 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
Wholesaler of groceries, wines and spirits,
tobacco and household goods andthe importation, development and distribution
of ethnic food, including it'sown tiger tiger branded products. |
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No. of Employees : |
269 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
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 |
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 £375
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 |
Company name & address
Hyperama PLC
Bull Close Road
Nottingham, NG7 2UT
United Kingdom
Tel:
01159851301
Fax:
01159350342
Web: www.hyperama.com
Synthesis
Employees:
269
Company Type:
Public Parent
Corporate Family: 2
Companies
Quoted Status:
Non-quoted Company
Incorporation Date:
26-Nov-1991
Auditor: Smith
Cooper LLP
Financials in: USD
(Millions)
Fiscal Year End:
27-Jan-2013
Reporting Currency:
British Pound Sterling
Annual Sales:
182.8 1
Net Income:
0.6
Total Assets:
53.3
Business Description
Wholesaling of groceries, wines and spirits,
tobacco and household goods andthe importation, development and distribution of
ethnic food, including it'sown tiger tiger branded products.
Industry
Industry Grocery Wholesale
ANZSIC 2006:
3609 - Other Grocery Wholesaling
ISIC Rev 4:
4630 - Wholesale of food, beverages and tobacco
NACE Rev 2:
4639 - Non-specialised wholesale of food, beverages and tobacco
NAICS 2012:
424490 - Other Grocery and Related Products Merchant Wholesalers
UK SIC 2007:
4639 - Non-specialised wholesale of food, beverages and tobacco
US SIC 1987:
5149 - Groceries and Related Products, Not Elsewhere Classified
Key Executives
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Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 =
GBP 0.6295056
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP
0.6334177
Corporate Overview
Location
Bull Close Road
Nottingham, NG7
2UT
Nottinghamshire
County
United Kingdom
Tel: 01159851301
Fax: 01159350342
Web: www.hyperama.com
Sales GBP(mil): 115.1
Assets GBP(mil): 33.8
Employees: 269
Fiscal Year End: 27-Jan-2013
Industry: Food Processing
Registered Address:
Hyperama
Buildings
Bull Close Road
Nottingham, NG7
2UT
United Kingdom
Incorporation
Date: 26-Nov-1991
Company Type: Public Parent
Quoted Status: Not Quoted
Registered
No.(UK): 02667340
Director: Marcus Singh
Industry Codes
ANZSIC 2006 Codes:
3609 - Other Grocery Wholesaling
ISIC Rev 4 Codes:
4630 - Wholesale of food, beverages and
tobacco
NACE Rev 2 Codes:
4639 - Non-specialised wholesale of food,
beverages and tobacco
NAICS 2012 Codes:
424490 - Other Grocery and Related Products
Merchant Wholesalers
US SIC 1987:
5149 - Groceries and Related Products, Not
Elsewhere Classified
UK SIC 2007:
4639 - Non-specialised wholesale of food,
beverages and tobacco
Business Description
Wholesaling of groceries, wines and spirits,
tobacco and household goods andthe importation, development and distribution of
ethnic food, including it'sown tiger tiger branded products.
More Business Descriptions
Wholesale trade in oriental foodstuffs and
furniture
Wholesale trade in oriental foodstuffs and
furniture
Cash and Carry Wholesalers
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Corporate Family |
Corporate
Structure News: |
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Hyperama
PLC |
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Hyperama PLC |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Hyperama PLC |
Parent |
Nottingham |
United Kingdom |
Grocery Wholesale |
182.8 |
269 |
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Hyperama PLC |
UK Branch/Trading address |
Nottingham |
United Kingdom |
Nonclassifiable Establishments |
182.8 |
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Executive report
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Board of
Directors |
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Finance Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Head of Operations |
Operations Executive |
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Secretary |
Company Secretary |
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Finance Director |
Finance Executive |
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IT Manager |
Information Executive |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 01159851301 |
Annual Return Date: 26 Nov 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
07 Oct 1968 |
20 Burleigh Road, West Bridgford, |
01 May 2005 |
NA |
Current:17 |
|
|
|
Current |
05 Oct 1951 |
5 Park Valley, The Park, |
26 Nov 1991 |
NA |
Current:9 |
|
|
|
Current |
25 Dec 1979 |
5A Park Valley, |
04 Feb 2009 |
NA |
Current:2 |
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|
|
Previous |
18 Aug 1934 |
20 Pelham Crescent, The Park, |
26 Nov 1991 |
15 Dec 2005 |
Current:0 |
|
|
|
Previous |
10 Aug 1957 |
8 Harlaxton Drive, |
26 Nov 1991 |
17 Oct 2003 |
Current:3 |
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|
Previous |
23 Sep 1941 |
218 Charlbury Road, |
16 Jun 2000 |
27 Apr 2001 |
Current:0 |
|
|
|
Previous |
24 Feb 1956 |
The Hollies, 3 Central Avenue, |
01 Jul 2003 |
30 Sep 2005 |
Current:0 |
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|
Previous |
29 May 1951 |
12 Pentland Court, |
21 Oct 2003 |
01 Jul 2011 |
Current:0 |
|
|
|
Previous |
12 Apr 1950 |
1 Beechcroft Road, Stoneygate, |
01 Jul 1994 |
27 Mar 2013 |
Current:4 |
|
|
|
Previous |
05 Sep 1958 |
The Spinney, Kneeton Road East Bridgford, |
01 Oct 2002 |
19 May 2003 |
Current:3 |
|
|
|
Previous |
27 Jul 1944 |
60 Kenwyn Drive, Neasdon, |
01 Jul 1994 |
01 Nov 1998 |
Current:1 |
|
|
|
Previous |
26 Apr 1960 |
21 The Badgers, Tanglewood Mearse Lane, |
01 Jan 2001 |
31 Dec 2006 |
Current:0 |
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|
Previous |
09 Jul 1956 |
2 Mulberries Court, Allestree, |
13 Jul 2001 |
01 Oct 2002 |
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 |
|
|
Current |
NA |
20 Pelham Crescent, The Park, |
01 Jun 2005 |
NA |
Current:1 |
|
|
|
Previous |
07 Oct 1968 |
20 Burleigh Road, West Bridgford, |
01 May 2005 |
31 May 2005 |
Current:17 |
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|
Previous |
05 Oct 1951 |
5 Park Valley, The Park, |
26 Nov 1991 |
01 Jul 1994 |
Current:9 |
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Previous |
23 Sep 1941 |
218 Charlbury Road, |
14 Nov 1998 |
27 Apr 2001 |
Current:0 |
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|
Previous |
NA |
2 Hartford Close, |
28 Apr 2001 |
13 Jul 2001 |
Current:0 |
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Previous |
24 Feb 1956 |
The Hollies, 3 Central Avenue, |
01 Jul 2003 |
30 Apr 2005 |
Current:0 |
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Previous |
05 Sep 1958 |
The Spinney, Kneeton Road East Bridgford, |
01 Oct 2002 |
19 May 2003 |
Current:3 |
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Previous |
27 Jul 1944 |
60 Kenwyn Drive, Neasdon, |
01 Jul 1994 |
01 Nov 1998 |
Current:1 |
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Previous |
09 Jul 1956 |
2 Mulberries Court, Allestree, |
13 Jul 2001 |
01 Oct 2002 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries 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)
|
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|
27-Jan-2013 |
29-Jan-2012 |
30-Jan-2011 |
31-Jan-2010 |
25-Jan-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.629506 |
0.624666 |
0.648786 |
0.635292 |
0.557806 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Turnover (UK) |
- |
- |
171.8 |
- |
181.4 |
|
Turnover (Exports) |
- |
- |
0.0 |
- |
0.0 |
|
Total Turnover |
182.8 |
186.5 |
171.8 |
171.5 |
181.4 |
|
Cost of Sales |
164.3 |
164.9 |
151.4 |
152.3 |
158.2 |
|
Gross Profit |
18.5 |
21.7 |
20.4 |
19.2 |
23.3 |
|
Depreciation |
0.9 |
0.8 |
0.9 |
1.0 |
1.1 |
|
Other Expenses |
17.2 |
18.9 |
17.3 |
16.1 |
18.6 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
0.6 |
0.6 |
0.5 |
0.6 |
1.6 |
|
Exceptional Income |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
0.7 |
2.2 |
2.7 |
2.6 |
3.1 |
|
Tax Payable / Credit |
0.1 |
0.5 |
0.8 |
0.7 |
0.9 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
0.6 |
1.7 |
1.9 |
1.8 |
2.2 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
269 |
269 |
263 |
245 |
232 |
|
Wages |
7.6 |
8.0 |
7.2 |
7.0 |
7.3 |
|
Social Security Costs |
0.6 |
0.7 |
0.6 |
0.6 |
0.7 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.1 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Employees Remuneration |
8.3 |
8.9 |
7.9 |
7.6 |
8.0 |
|
Directors Emoluments |
0.3 |
0.5 |
0.5 |
0.6 |
0.6 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.3 |
0.5 |
0.6 |
0.6 |
0.6 |
|
Highest Paid Director |
0.1 |
0.2 |
0.2 |
0.2 |
0.3 |
|
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Annual Balance Sheet
Financials in: USD (mil)
|
|
27-Jan-2013 |
29-Jan-2012 |
30-Jan-2011 |
31-Jan-2010 |
25-Jan-2009 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.633418 |
0.636531 |
0.631154 |
0.624064 |
0.731582 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Land & Buildings |
16.7 |
20.1 |
20.2 |
20.5 |
17.4 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
2.4 |
2.9 |
2.6 |
2.6 |
2.7 |
|
Total Tangible Fixed Assets |
19.2 |
23.0 |
22.9 |
23.1 |
20.1 |
|
Intangible Assets |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
19.3 |
23.2 |
23.1 |
23.3 |
20.3 |
|
Stocks |
20.1 |
19.6 |
18.6 |
17.0 |
- |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Total Stocks Work In Progress |
20.1 |
19.6 |
18.6 |
17.0 |
13.8 |
|
Trade Debtors |
9.8 |
8.3 |
9.6 |
7.3 |
8.1 |
|
Other Debtors |
2.4 |
2.2 |
2.0 |
2.0 |
1.3 |
|
Total Debtors |
12.2 |
10.6 |
11.6 |
9.4 |
9.4 |
|
Cash and Equivalents |
1.7 |
1.7 |
1.7 |
1.8 |
1.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
34.0 |
31.9 |
31.9 |
28.2 |
24.4 |
|
Total Assets |
53.3 |
55.1 |
55.0 |
51.5 |
44.7 |
|
Trade Creditors |
16.5 |
13.9 |
14.8 |
13.2 |
12.0 |
|
Bank Overdraft |
2.7 |
3.7 |
3.5 |
1.5 |
1.4 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Total Short Term Loans |
- |
0.5 |
0.2 |
0.2 |
0.2 |
|
Accruals/Deferred Income (Current Liability) |
0.9 |
0.7 |
0.7 |
0.6 |
0.8 |
|
Social Security/VAT |
1.2 |
0.7 |
0.7 |
0.8 |
0.4 |
|
Corporation Tax |
0.2 |
1.0 |
1.2 |
1.3 |
1.2 |
|
Other Current Liabilities |
7.5 |
6.4 |
6.7 |
6.5 |
5.6 |
|
Total Current Liabilities |
29.0 |
27.0 |
28.0 |
24.3 |
21.8 |
|
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 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.1 |
0.1 |
0.1 |
0.1 |
0.3 |
|
Other Long Term Loans |
5.8 |
10.0 |
10.6 |
12.4 |
11.7 |
|
Accruals/Deferred Income (Long Term Liability) |
0.2 |
0.2 |
0.3 |
0.3 |
0.3 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
6.1 |
10.4 |
10.9 |
12.9 |
12.3 |
|
Deferred Taxation |
0.1 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Issued Capital |
3.4 |
3.4 |
3.4 |
3.4 |
2.9 |
|
Share Premium Accounts |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Revaluation Reserve |
8.6 |
8.6 |
8.7 |
8.8 |
7.5 |
|
Retained Earnings |
5.9 |
5.3 |
3.6 |
1.7 |
-0.2 |
|
Other Reserves |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
18.1 |
17.5 |
15.9 |
14.1 |
10.5 |
|
Net Worth |
18.0 |
17.2 |
15.7 |
13.9 |
10.3 |
|
|
Annual Cash Flows
Financials in: USD (mil)
|
|
27-Jan-2013 |
29-Jan-2012 |
30-Jan-2011 |
31-Jan-2010 |
25-Jan-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.629506 |
0.624666 |
0.648786 |
0.635292 |
0.557806 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
4.5 |
2.3 |
2.2 |
3.9 |
4.0 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.6 |
-0.6 |
-0.5 |
-0.6 |
-1.6 |
|
Taxation |
-1.0 |
-0.8 |
-0.9 |
-0.9 |
-0.3 |
|
Capital Expenditures |
3.0 |
-1.1 |
-1.0 |
-0.4 |
-1.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-5.2 |
0.0 |
-1.6 |
-1.5 |
-1.2 |
|
Increase in Cash |
0.8 |
-0.1 |
-1.8 |
0.5 |
-0.2 |
Annual Ratios
Financials in: USD (mil)
|
|
27-Jan-2013 |
29-Jan-2012 |
30-Jan-2011 |
31-Jan-2010 |
25-Jan-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.633418 |
0.636531 |
0.631154 |
0.624064 |
0.731582 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Current Ratio |
1.17 |
1.18 |
1.14 |
1.16 |
1.12 |
|
Liquidity Ratio |
0.48 |
0.45 |
0.47 |
0.46 |
0.49 |
|
Stock Turnover |
9.05 |
9.34 |
9.48 |
10.05 |
10.04 |
|
Credit Period (Days) |
19.69 |
16.64 |
19.78 |
15.64 |
21.37 |
|
Working Capital by Sales |
2.72% |
2.65% |
2.20% |
2.27% |
1.86% |
|
Trade Credit by Debtors |
1.68 |
1.67 |
1.55 |
1.79 |
1.48 |
|
Return on Capital |
2.84% |
7.87% |
10.19% |
9.41% |
10.47% |
|
Return on Assets |
1.29% |
4.00% |
5.00% |
4.97% |
5.36% |
|
Profit Margin |
0.38% |
1.20% |
1.56% |
1.49% |
1.73% |
|
Return on Shareholders Funds |
3.80% |
12.63% |
17.26% |
18.10% |
22.92% |
|
Borrowing Ratio |
48.24% |
84.29% |
92.47% |
104.47% |
134.22% |
|
Equity Gearing |
34.02% |
31.70% |
28.95% |
27.45% |
23.39% |
|
Debt Gearing |
32.71% |
58.89% |
67.78% |
90.42% |
116.28% |
|
Interest Coverage |
1.21 |
3.78 |
4.90 |
4.27 |
1.97 |
|
Sales by Tangible Assets |
9.49 |
7.98 |
7.72 |
7.43 |
6.87 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.7 |
0.7 |
0.7 |
0.7 |
0.6 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Employee Remuneration by Sales |
4.56% |
4.75% |
4.57% |
4.43% |
4.43% |
|
Creditor Days (Cost of Sales Based) |
36.85 |
31.44 |
34.72 |
31.58 |
36.19 |
|
Creditor Days (Sales Based) |
33.12 |
27.78 |
30.59 |
28.04 |
31.56 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.68.36 |
|
UK Pound |
1 |
Rs.106.03 |
|
Euro |
1 |
Rs.91.47 |
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.