|
Report Date : |
24.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
AERONAUTICAL & GENERAL INSTRUMENTS
LIMITED |
|
|
|
|
Formerly Known as: |
A.G.I. RETAIL
LIMITED |
|
|
|
|
Registered Office : |
Fleets Point Willis Way Poole, Dorset, Bh15 3ss |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
01.01.1915 |
|
|
|
|
Com. Reg. No.: |
00138853 |
|
|
|
|
Legal Form : |
Private limited with
Share Capital |
|
|
|
|
Line of Business : |
· manufacturer of instruments and systems for the Defence and Civil markets worldwide · Manufacturer of electronic measuring, testing equipment, not for industrial process control |
|
|
|
|
No. of Employees : |
140 (31.03.2012) |
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 £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 |
AERONAUTICAL & GENERAL INSTRUMENTS limited
FLEETS POINT WILLIS WAY
POOLE
DORSET
BH15 3SS
United Kingdom
Telephone +44
012 0268 5661
Website www.agiltd.co.uk
Company Number: 00138853
Foundation: 01/01/1915
Status: Active - Accounts Filed
No exact match CCJs are recorded against the company. Net Worth increased by 18.1% during the latest trading period. A 9% growth in Total Assets occurred during the latest trading period. The company saw an increase in their Cash Balance of 81.1% during the latest trading period. The audit report contains no adverse comments.
Sales in the latest trading period decreased 5.4% on the previous trading period. Pre-tax profits decreased by 11.4% compared to the previous trading period.
There has been no significant change in the company’s
credit rating. No recent changes in directorship are recorded. The company
is part of a group. The company was established over 98 years ago.
Legal form
Private limited with Share
Capital
Foundation
01/01/1915
Company No.
00138853
Previous Names
21/04/1986 A.G.I. RETAIL LIMITED
Shareholders
Name Currency Number
of Share type Nominal value
Shares
HARRIS WATSON HOLDINGS GBP 928,489 ORDINARY 1
LIMITED
Total
Share Capital GBP 928,489
Management
Directors
Name Address Date
of birth Nationality Appointment
date
Mr John Graham Harris Unit 3 Ashted Lock, Dartmouth 05/03/1948 British
11/12/2001
Middleway, Birmingham B7 4AZ
Company Secretary
Name Address Appointment date
Mr Stephen RobertMaycock Fleets
Point Willis Way, Poole, Dorset BH15 3SS 04/01/2009
Other Known Addresses
Unit A-B, Fleetspoint Business Centre,
Willis Way, Poole, Dorset BH15 3SS
Company No. Name
Status Country
Ultimate Parent
07555735 HWH
INVESTMENTS LIMITED Active United Kingdom
Affiliated Companies
03721208 HW MACHINERY LIMITED Active United Kingdom
06714113 FH GB LIMITED Active United Kingdom
06298578 FROUDE HOFMANN LIMITED Active United Kingdom
00889363 A.B. PRECISION (POOLE) LIMITED Active United Kingdom
01511975 HORSTMAN
DEFENCE SYSTEMS LIMITED Active United Kingdom
Immediate parent
02410053 HARRIS WATSON HOLDINGS LIMITED Active United Kingdom
Main activity
· Manufacture instruments for measuring
· manufacturer of instruments and systems for the Defence and Civil markets worldwide
· Manufacturer of electronic measuring, testing equipment, not for industrial process control
Turnover and
Employees
Date of Accounts Turnover Employees
31/03/2010 GBP
21,346,534 139
31/03/2011 GBP
21,200,668 140
31/03/2012 GBP
20,061,361 140
Banks
Bank Name Bank
Branch Sort Code
HSBC BANK PLC
40-11-18
Auditor
ERNST & YOUNG LLP
Company history
Date action
17/04/2009 New
Company Secretary Mr S.R. Maycock appointed
10/07/2009 Change
in Reg.Office
13/07/2009 Mr
A.E. Mullins has resigned as company secretary
14/07/2009 Annual
Returns
10/07/2010 Annual
Returns
23/08/2010 New
Accounts Filed
13/06/2011 Mrs
S.M. Watson has left the board
22/07/2011 Annual
Returns
29/12/2011 New
Accounts Filed
29/12/2011 New
Accounts Filed
13/07/2012 Annual
Returns
15/04/2013 New
Accounts Filed
10/07/2013 Annual
Returns
|
Charge created |
15/06/1988 |
|
Charge registered |
27/06/1988 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED CHARGE ON ALL BOOK AND OTHER DEBTS FLOATING CHARGE OVER UN- DERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUD- ING UNCALLED CAPITAL |
|
|
|
|
Charge created |
05/12/1989 |
|
Charge registered |
14/12/1989 |
|
Status |
SATISFIED |
|
Entitled person |
LUCAS TRADING LIMITED |
|
Secured amount |
STERLING POUNDS 100,000
AND ALL OTHER
MONIES DUE OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE. UNDER
THE TERMS OF AN AGREE- MENT
DATED 5.12.89 AND THE CHARGE |
|
Mortgage detail |
FIXED AND FLOATING
CHARGES OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
|
|
|
|
Charge created |
05/12/1989 |
|
Charge registered |
08/12/1989 |
|
Status |
SATISFIED |
|
Entitled person |
3I PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
STOCK-IN-TRADE, WORK-IN-PROGRESS, PRE-PAYMENTS AND INVESTMENTS. FIXED
AND FLOATING CHARGES OVER
THE UNDERTAKING AND
ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
|
|
|
Charge created |
07/02/1992 |
|
Charge registered |
18/02/1992 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND BANK PLC |
|
Secured amount |
FOR FURTHER
SECURING ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNTWHATSOEVERSUPPLEMENTAL TO THE PRINCIPALCHARGE DATED 15/06/88 |
|
Mortgage detail |
FIRST FIXED
CHARGE ON ALL GOODWILL
UNCALLED CAPITAL
PATENTS/APPLICATIONS AND TRADE MARKS ETC. (FOR FULL DETAILS
SEE FORM 395 TC REF:
M145C) |
|
|
|
|
Charge created |
19/06/1992 |
|
Charge registered |
30/06/1992 |
|
Status |
SATISFIED |
|
Entitled person |
BOND SUPPORT
ADVISERS LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED
THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
SEE FORM 395 FOR FULL DETAILS
FIXED AND FLOATING CHARGES
OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE IN-
CLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
|
|
|
Charge created |
19/09/1995 |
|
Charge registered |
26/09/1995 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED AND FLOATING
CHARGES OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
12/11/2001 |
|
Charge registered |
17/11/2001 |
|
Status |
SATISFIED |
|
Entitled person |
FIRST NATIONAL INVOICE FINANCE
LIMITED (THE ”SECURITY HOLDER”) |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE WHETHER ARISING UNDER THE FACTORING AGREEMENT DATED 12TH NOVEM- BER
2001 BETWEEN THE
SECURITY HOLDER AND
THE DEBTOR HORSTMAN DE- FENCE SYSTEMS
LIMITED OR OTHERWISE |
|
Mortgage detail |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROP- ERTY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
12/11/2001 |
|
Charge registered |
17/11/2001 |
|
Status |
SATISFIED |
|
Entitled person |
FIRST NATIONAL INVOICE FINANCE
LIMITED (THE ”SECURITY HOLDER”) |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE WHETHER ARISING UNDER THE FACTORING AGREEMENT DATED 12TH NOVEM- BER
2001 MADE BETWEEN
THE SECURITY HOLDER
AND THE DEBTOR
A.B PRE- CISION
(POOLE) LIMITED OR OTHERWISE |
|
Mortgage detail |
. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROP- ERTY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
12/11/2001 |
|
Charge registered |
17/11/2001 |
|
Status |
SATISFIED |
|
Entitled person |
FIRST NATIONAL INVOICE FINANCE
LIMITED (THE ”SECURITY HOLDER”) |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE WHETHER ARISING UNDER THE FACTORING AGREEMENT DATED 12NOVEMBER 2001
BETWEEN THE COMPANY AND THE SECURITY HOLDER OR OTHERWISE |
|
Mortgage detail |
BY WAY OF FIXED CHARGE
ALL (A) SPECIFIED DEBTS BEING ANY BOOK DEBTS THE OWNERSHIP OF WHICH SHALL
FAIL TO VEST
ABSOLUTELY AND EFFEC-
TIVELY IN THE SECURITY HOLDERFOR ANY
REASON TOGETHER WITH THE
RE- LATED RIGHTS (B) ALL OTHER
DEBTS BEING ALL
AMOUNTS OF INDEBTEDNESS NOW OR AT ANY TIME
HEREAFTER OWING
OR BECOMING DUE
TO THECOMPANY ON ANY ACCOUNT WHATSOEVER; BY WAY OF FLOATING CHARGE
THE UNDER- TAKING AND ALL THE PROPERTY
RIGHTS AND ASSETS
OF THE COMPANY. |
|
|
|
|
Charge created |
21/08/2002 |
|
Charge registered |
29/08/2002 |
|
Status |
SATISFIED |
|
Entitled person |
AIB GROUP (UK) P.L.C. |
|
Mortgage detail |
FIRST FIXED CHARGE
OVER ANY SUMS DEPOSITED OR TO BE DEPOSITED BY THE COMPANY INANY
DEPOSIT ACCOUNT
OF THE COMPANY HELDWITH THE BANK AT ANY
OF ITS BRANCHESSEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
15/04/2004 |
|
Charge registered |
17/04/2004 |
|
Status |
SATISFIED |
|
Entitled person |
AIB GROUP
(UK) PLC |
|
Mortgage detail |
FIXED AND FLOATING
CHARGES OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
|
|
|
|
Charge created |
04/01/2011 |
|
Charge registered |
07/01/2011 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED AND FLOATING CHARGE
OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UN- CALLED CAPITAL, BUILDINGS, FIXTURES, FIXED
PLANT AND MACHINERY SEE IM- AGEFOR FULL
DETAILS |
County Court Judgments (CCJs)
There are no County
Court Judgments listed
against this company
Profit & loss
|
|
52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
31/03/2009 52 GBP Group: No |
|
Turnover |
20,061,361 |
21,200,668 |
21,346,534 |
14,335,589 |
|
Export |
13,377,664 |
14,651,020 |
15,124,787 |
8,269,877 |
|
Cost of Sales |
11,625,189 |
12,021,308 |
13,318,539 |
9,483,166 |
|
Gross Profit |
8,436,172 |
9,179,360 |
8,027,995 |
4,852,423 |
|
Wages And Salaries |
4,669,576 |
4,818,955 |
4,622,257 |
3,536,857 |
|
Directors Emoluments |
0 |
0 |
0 |
0 |
|
Operating Profit |
4,359,817 |
5,040,818 |
4,587,202 |
2,346,760 |
|
Depreciation |
123,145 |
91,871 |
124,898 |
65,542 |
|
Audit Fees |
19,693 |
20,400 |
19,380 |
17,150 |
|
Interests Payments |
0 |
0 |
8,257 |
30,766 |
|
Pre Tax Profit |
4,566,923 |
5,154,926 |
4,663,998 |
2,497,180 |
|
Taxation |
-1,158,851 |
-1,414,105 |
-1,288,398 |
-694,862 |
|
Profit After Tax |
3,408,072 |
3,740,821 |
3,375,600 |
1,802,318 |
|
Dividends Payable |
1,721,052 |
2,244,770 |
2,133,132 |
998,477 |
|
Retained Profit |
1,687,020 |
1,496,051 |
1,242,468 |
803,841 |
Balance sheet
|
|
52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
31/03/2009 52 GBP Group: No |
|
Tangible Assets |
2,230,085 |
2,555,250 |
2,765,870 |
3,342,919 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
2,230,085 |
2,555,250 |
2,765,870 |
3,342,919 |
|
Stock |
1,872,525 |
1,902,849 |
2,587,661 |
3,374,895 |
|
Trade Debtors |
3,481,584 |
5,333,715 |
4,175,271 |
4,631,192 |
|
Cash |
6,887,656 |
3,804,217 |
1,545,111 |
685,401 |
|
Other Debtors |
977,870 |
571,867 |
560,937 |
128,645 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
13,219,635 |
11,612,648 |
8,868,980 |
8,820,133 |
|
Trade Creditors |
1,217,043 |
1,094,509 |
944,992 |
1,295,243 |
|
Bank Loans and Overdraft |
0 |
0 |
0 |
459,256 |
|
Other Short
Term Finance |
31,207 |
71,961 |
59,673 |
269,673 |
|
Miscellaneous Current Liabilities |
2,679,901 |
3,366,031 |
2,542,536 |
3,277,185 |
|
Total Current Liabilities |
3,928,151 |
4,532,501 |
3,547,201 |
5,301,357 |
|
Bank Loans and Overdrafts LTL |
497,150 |
297,998 |
246,301 |
722,071 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
497,150 |
297,998 |
246,301 |
262,815 |
Capital &
reserves
|
|
52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
31/03/2009 52 GBP Group: No |
|
Called Up Share
Capital |
928,489 |
928,489 |
928,489 |
928,489 |
|
P and L Account Reserve |
9,862,743 |
8,175,723 |
6,679,672 |
5,437,204 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
233,187 |
233,187 |
233,187 |
233,187 |
|
Shareholders Funds |
11,024,419 |
9,337,399 |
7,841,348 |
6,598,880 |
Other Financial Items
|
|
52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
31/03/2009 52 GBP Group: No |
|
Net Worth |
11,024,419 |
9,337,399 |
7,841,348 |
6,598,880 |
|
Working Capital |
9,291,484 |
7,080,147 |
5,321,779 |
3,518,776 |
|
Total Assets |
15,449,720 |
14,167,898 |
11,634,850 |
12,163,052 |
|
Total Liabilities |
4,425,301 |
4,830,499 |
3,793,502 |
5,564,172 |
|
Net Assets |
11,024,419 |
9,337,399 |
7,841,348 |
6,598,880 |
Cash flow
|
|
52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
31/03/2009 52 GBP Group: No |
|
Net Cash Flow from
Operations |
0 |
0 |
0 |
0 |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from
Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
3,083,439 |
2,259,106 |
859,710 |
623,735 |
Miscellaneous
|
|
52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
31/03/2009 52 GBP Group: No |
|
Capital Employed |
11,521,569 |
9,635,397 |
8,087,649 |
6,861,695 |
Financial Ratios
|
Name |
31/03/2012 |
31/03/2011 |
31/03/2010 |
31/03/2009 |
|
Pre Tax Profit Margin |
22.76 % |
24.31 % |
21.85 % |
17.42 % |
|
Current Ration |
3.37 |
2.56 |
2.50 |
1.66 |
|
Sales or Net Working Capital |
2.16 |
2.99 |
4.01 |
4.07 |
|
Gearing |
4.51 % |
3.19 % |
3.14 % |
10.94 % |
|
Equity |
71.36 % |
65.91 % |
67.40 % |
54.25 % |
|
Creditor Days |
22.08 |
18.79 |
16.11 |
32.88 |
|
Debtor Days |
63.17 |
91.57 |
71.19 |
117.59 |
|
Liquidity or Acid test |
2.88 |
2.14 |
1.77 |
1.02 |
|
Return on Capital Employed |
39.63 % |
53.49 % |
57.66 % |
36.39 % |
|
Return on Total Assets Employed |
29.55 % |
36.38 % |
40.08 % |
20.53 % |
|
Current Debt Ratio |
0.35 % |
0.48 % |
0.45 % |
0.80 % |
|
Total Debt Ratio |
0.40 % |
0.51 % |
0.48 % |
0.84 % |
|
Stock Turnover Ratio |
9.33 % |
8.97 % |
12.12 % |
23.54 % |
|
Return on Net Assets Employed |
41.42 % |
55.20 % |
59.47 % |
37.84 % |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.99 |
|
UK Pound |
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.82 |
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.