MIRA
INFORM REPORT
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Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
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Name : |
RMS INTERNATIONAL UK LTD |
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Registered Office : |
International House, |
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Country : |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
26.02.1974 |
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Com. Reg. No.: |
01161241 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Importers of stationary items and Christmas craft products |
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No. of Employees : |
61 |
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.
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Source
: CIA |
Company name & address
RMS INTERNATIONAL UK LTD
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Business Description
Rms International UK Ltd is one of the leading
importers of stationary items and Christmas craft products worldwide. The
company specialises in the field of customised packaging design. It provides a range of quality
control and distribution solutions. The company utilises
the cutting-edge technology and state-of-the-art printing systems. It maintains
and operates a design studio, digital photography suite and customer sales
support office. The company offers product development and warehousing
solutions. It also provides logistic and operation support services. The
company manages various international showrooms, purchasing and buyer
departments, and repack and rework facilities.
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4669 -
Wholesale of waste and scrap and other products n.e.c. |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
Name |
Title |
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Ryan Farber |
Group Managing Director |
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Mike Taylor |
Sales Director |
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Mark Jones |
IT Manager |
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Yonni Leslie Spiero
Abramson |
Director |
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Tyrone Stuart Farber |
Director |
Financial Summary
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FYE: 31-Dec-2012 |
USD (mil) |
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Registered No.(UK): 01161241
1 - Profit & Loss Item Exchange Rate: USD
1 = GBP 0.6311738
2 - Balance Sheet Item Exchange Rate: USD 1 =
GBP 0.6190609
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ANZSIC 2006 Codes: |
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373 |
- |
Furniture, Floor Covering and Other Goods Wholesaling |
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ISIC Rev 4 Codes: |
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4669 |
- |
Wholesale of waste and scrap and other products n.e.c. |
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NACE Rev 2 Codes: |
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|
4676 |
- |
Wholesale of other intermediate products |
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NAICS 2012 Codes: |
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4239 |
- |
Miscellaneous Durable Goods Merchant Wholesalers |
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US SIC 1987: |
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509 |
- |
Miscellaneous Durable Goods |
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UK SIC 2007: |
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4676 |
- |
Wholesale of other intermediate products |
Rms International UK Ltd is one of the leading
importers of stationary items and Christmas craft products worldwide. The
company specialises in the field of customised packaging design. It provides a range of quality
control and distribution solutions. The company utilises
the cutting-edge technology and state-of-the-art printing systems. It maintains
and operates a design studio, digital photography suite and customer sales
support office. The company offers product development and warehousing
solutions. It also provides logistic and operation support services. The
company manages various international showrooms, purchasing and buyer
departments, and repack and rework facilities.
More Business Descriptions
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Distribution of stationery, consumer goods and premium gifts. |
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Stationery stores |
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Import and Export Agents |
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RMS International offers a broad range of exciting, profitable and volume
products.x Our products are carefully selected to
ensure that our customers have the very best retail solutions delivered on
time and at the best possible price. RMS comprises of the recognised
Award winning brand name Grafix which is
acknowledged for its innovative and value for money stationery, arts and
craft and activity ranges. The Christmas Factory includes ever-growing and
exciting Christmas and social stationery ranges including calendars, diaries,
crackers and christmas greeting cards. Pierre
Farber is the division that sources attractive, exciting premium goods such
as electricals, products for the home and garden as
well as general giftware. RMS International is under-pinned by rigourous safety and quality controlprocedures.
We liaise closely with local government agencies and trading standards
inspectors to ensure that our products meet all the high standards laid down
by legislation. All our testing is performed by internationally accredited
laboratories ensuring that legisalation is met along
with our own exacting codes of practise. |
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Corporate Family
Total Corporate Family Members: 6
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
43.3 |
98 |
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Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
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Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Wholesale |
21.7 |
61 |
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Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Wholesale |
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Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Wholesale |
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Subsidiary |
Manchester |
United Kingdom |
Miscellaneous Professional Services |
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Executives Report
Board of Directors
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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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Group Managing Director |
Division Head Executive |
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Sales Director |
Sales Executive |
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IT Manager |
Engineering/Technical Executive |
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Directors and Shareholders Report
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Main Office Address: |
Tel: 01617278182 |
Annual Return Date: 10 Mar 2013 |
Individual Directors
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
Current |
30 Dec 1975 |
International House, Pendlebury Road, |
12 Apr 2010 |
NA |
Current:6 |
|
|
Current |
30 May 1984 |
64 New Cavendish Street, |
10 Jun 2013 |
NA |
Current:15 |
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Current |
20 Apr 1957 |
9 Heythrop Close, Whitefield, |
01 Jul 1992 |
NA |
Current:6 |
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|
Previous |
28 Dec 1959 |
35 Park Road, Prestwich, |
01 Jul 1992 |
09 Aug 2004 |
Current:0 |
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Previous |
04 Jan 1979 |
International House 64-66 Pendlebury Rd, Swinton, |
13 Nov 2008 |
20 Sep 2013 |
Current:2 |
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Previous |
21 Aug 1958 |
Wilmslow Way, |
07 Oct 1994 |
03 May 1995 |
Current:1 |
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Previous |
20 Jan 1967 |
22 Barnhill Road, Prestwich, |
01 Jan 2004 |
12 Mar 2007 |
Current:0 |
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Previous |
23 Jul 1963 |
23 Fairhaven Avenue, Whitefield, |
01 Jan 2004 |
31 Jan 2007 |
Current:0 |
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Previous |
17 Feb 1973 |
48 Westwood Avenue, Timperley, |
10 Dec 2007 |
03 Nov 2008 |
Current:2 |
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Previous |
24 May 1948 |
Cregneish, 47 Carrwood, |
10 Mar 1992 |
06 Mar 2007 |
Current:0 |
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Previous |
10 Sep 1951 |
Cregneish 2 Ringley Park, |
08 Jul 1994 |
06 Mar 2007 |
Current:0 |
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Previous |
12 May 1959 |
18 Eccleston Place Park Street, |
01 Sep 1992 |
13 Feb 2008 |
Current:6 |
Corporate
Directors
There are no corporate directors for this company.
Individual
Secretaries
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
||||||
|
Previous |
28 Dec 1959 |
35 Park Road, Prestwich, |
03 May 1995 |
09 Aug 2004 |
Current:0 |
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|
Previous |
04 Jan 1979 |
International House 64-66 Pendlebury Rd, Swinton, |
13 Nov 2008 |
20 Sep 2013 |
Current:2 |
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Previous |
21 Aug 1958 |
Wilmslow Way, |
07 Oct 1994 |
03 May 1995 |
Current:1 |
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Previous |
17 Feb 1973 |
48 Westwood Avenue, Timperley, |
13 Feb 2008 |
13 Nov 2008 |
Current:2 |
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Previous |
12 May 1959 |
18 Eccleston Place Park Street, |
01 Mar 2005 |
13 Feb 2008 |
Current:6 |
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Corporate
Secretaries
There are no corporate secretaries for this company.
Individual
Shareholders
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price
(GBP) |
Share Value
(GBP) |
% of Total
Shares |
|
Martin A Abramson |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
0.08 |
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Corporate
Shareholders
|
Company Name |
Registration
Number |
Share Details |
Share Type |
# of Shares |
Share Price
(GBP) |
Share Value
(GBP) |
% of Total
Shares |
|
02534543 |
1139 Ordinary GBP 1.00 |
Ordinary |
1,139 |
1.00 |
1,139.00 |
94.92 |
|
|
02534543 |
60 A Ordinary GBP 1.00 |
A Ordinary |
60 |
1.00 |
60.00 |
5.00 |
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per
share items (actual units)
Financial Glossary
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.631174 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
|
Consolidated |
No |
No |
No |
No |
No |
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|
Turnover (UK) |
18.4 |
16.0 |
14.3 |
19.1 |
22.2 |
|
Turnover (Exports) |
3.2 |
4.3 |
3.0 |
2.0 |
1.5 |
|
Total Turnover |
21.7 |
20.4 |
17.3 |
21.1 |
23.7 |
|
Cost of Sales |
15.7 |
14.5 |
12.7 |
15.3 |
17.2 |
|
Gross Profit |
6.0 |
5.9 |
4.6 |
5.9 |
6.4 |
|
Depreciation |
0.2 |
0.2 |
0.3 |
0.3 |
0.3 |
|
Other Expenses |
5.6 |
4.6 |
4.3 |
5.2 |
9.3 |
|
Operating Profit |
- |
- |
0.3 |
- |
- |
|
Other Income |
1.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.9 |
0.6 |
0.6 |
0.6 |
0.8 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
1.4 |
0.7 |
-0.3 |
0.1 |
-3.7 |
|
Tax Payable / Credit |
0.0 |
0.0 |
-0.1 |
0.1 |
0.0 |
|
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 |
1.4 |
0.8 |
-0.2 |
0.0 |
-3.7 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Non Audit Fees |
0.0 |
0.0 |
- |
- |
- |
|
Number of Employees |
61 |
60 |
56 |
55 |
70 |
|
Wages |
2.4 |
2.4 |
1.9 |
2.1 |
3.6 |
|
Social Security Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Pensions |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
2.4 |
2.4 |
1.9 |
2.1 |
3.6 |
|
Directors Emoluments |
- |
- |
- |
0.4 |
0.5 |
|
Other Costs |
- |
0.2 |
0.2 |
0.0 |
0.0 |
|
Directors Remuneration |
0.3 |
0.2 |
0.2 |
0.4 |
0.5 |
|
Highest Paid Director |
- |
- |
- |
0.2 |
0.4 |
Annual
Balance Sheet
Financials in: USD (mil)
Financial Glossary
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.619061 |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
4.1 |
4.1 |
4.2 |
4.4 |
3.5 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Plant & Vehicles |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Total Tangible Fixed Assets |
4.3 |
4.2 |
4.4 |
4.8 |
3.8 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
1.2 |
1.1 |
1.0 |
1.0 |
0.8 |
|
Total Fixed Assets |
5.5 |
5.3 |
5.4 |
5.7 |
4.7 |
|
Stocks |
2.9 |
3.2 |
2.5 |
1.9 |
2.6 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
2.9 |
3.2 |
2.5 |
1.9 |
2.6 |
|
Trade Debtors |
5.0 |
5.5 |
3.9 |
3.7 |
4.4 |
|
Inter-Company Debtors |
1.9 |
1.4 |
1.2 |
0.9 |
1.0 |
|
Director Loans |
- |
- |
- |
0.1 |
- |
|
Other Debtors |
1.1 |
0.6 |
0.7 |
1.3 |
1.4 |
|
Total Debtors |
7.9 |
7.6 |
5.8 |
6.0 |
6.9 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
10.8 |
10.8 |
8.3 |
7.9 |
9.5 |
|
Total Assets |
16.3 |
16.1 |
13.7 |
13.6 |
14.2 |
|
Trade Creditors |
3.0 |
3.6 |
3.3 |
1.7 |
2.9 |
|
Bank Overdraft |
- |
0.7 |
0.8 |
0.3 |
0.4 |
|
Inter-Company Creditors |
- |
- |
0.0 |
0.0 |
1.9 |
|
Director Loans (Current Liability) |
- |
- |
- |
- |
0.2 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Total Short Term Loans |
0.9 |
0.3 |
0.6 |
0.3 |
0.2 |
|
Accruals/Deferred Income (Current Liability) |
1.0 |
1.2 |
0.3 |
0.3 |
0.1 |
|
Social Security/VAT |
0.3 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Other Current Liabilities |
5.8 |
4.5 |
3.2 |
4.9 |
4.3 |
|
Total Current Liabilities |
10.9 |
10.5 |
8.4 |
7.9 |
10.3 |
|
Group Loans (Long Term Liability) |
1.9 |
2.0 |
1.8 |
1.4 |
4.2 |
|
Director Loans (Long Term Liability) |
- |
- |
- |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
- |
0.0 |
0.0 |
0.1 |
|
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 |
0.1 |
|
Other Long Term Loans |
3.0 |
4.4 |
5.2 |
6.2 |
3.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
4.9 |
6.4 |
7.0 |
7.5 |
7.3 |
|
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 |
1.9 |
1.8 |
1.8 |
1.9 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
3.0 |
3.0 |
3.0 |
2.9 |
2.1 |
|
Retained Earnings |
-4.4 |
-5.6 |
-6.5 |
-6.6 |
-5.5 |
|
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 |
0.5 |
-0.8 |
-1.7 |
-1.8 |
-3.4 |
|
Net Worth |
0.5 |
-0.8 |
-1.7 |
-1.8 |
-3.4 |
Annual
Cash Flows
Financials in: USD (mil)
Financial Glossary
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.631174 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|||
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|||
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|||
|
Exchange Rate |
0.619061 |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
|||
|
Consolidated |
No |
No |
No |
No |
No |
|||
|
|
|
|
|
|
|
|||
|
Current Ratio |
0.99 |
1.03 |
0.99 |
1.00 |
0.93 |
|||
|
Liquidity Ratio |
0.73 |
0.72 |
0.69 |
0.76 |
0.67 |
|||
|
Stock Turnover |
762.00 |
622.00 |
706.00 |
1,152.00 |
702.00 |
|||
|
Credit Period (Days) |
8,207.00 |
10,187.00 |
8,029.00 |
6,174.00 |
8,749.00 |
|||
|
Working Capital by Sales |
-36.00% |
149.00% |
-44.00% |
12.00% |
-400.00% |
|||
|
Trade Credit by Debtors |
61.00 |
65.00 |
86.00 |
47.00 |
66.00 |
|||
|
Return on Capital |
2,695.00% |
1,271.00% |
-567.00% |
154.00% |
-7,445.00% |
|||
|
Return on Assets |
891.00% |
444.00% |
-220.00% |
65.00% |
-2,066.00% |
|||
|
Profit Margin |
657.00% |
361.00% |
-172.00% |
41.00% |
-1,584.00% |
|||
|
Return on Shareholders Funds |
27,286.00% |
- |
- |
- |
- |
|||
|
Borrowing Ratio |
107,540.00% |
-89,234.00% |
-51,060.00% |
-45,868.00% |
-29,712.00% |
|||
|
Equity Gearing |
326.00% |
-522.00% |
-1,207.00% |
-1,312.00% |
-2,390.00% |
|||
|
Debt Gearing |
912.57% |
-769.16% |
-422.04% |
-422.05% |
-216.12% |
|||
|
Interest Coverage |
163.00 |
132.00 |
-53.00 |
16.00 |
-441.00 |
|||
|
Sales by Tangible Assets |
519.00 |
468.00 |
401.00 |
460.00 |
482.00 |
|||
|
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 |
0.4 |
0.3 |
0.3 |
0.4 |
0.3 |
|||
|
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 |
0.3 |
0.3 |
0.2 |
0.2 |
0.2 |
|||
|
Employee Remuneration by Sales |
1,129.00% |
1,203.00% |
1,106.00% |
998.00% |
1,526.00% |
|||
|
Creditor Days (Cost of Sales Based) |
6,939.00 |
9,361.00 |
9,356.00 |
4,037.00 |
7,903.00 |
|||
|
Creditor Days (Sales Based) |
5,018.00 |
6,653.00 |
6,881.00 |
2,917.00 |
5,748.00 |
|||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.