|
Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARNOLD WILLS AND CO. LTD. |
|
|
|
|
Registered Office : |
Station Road
Uppingham Oakham, LE15 9TZ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.05.2011 |
|
|
|
|
Date of Incorporation : |
20.08.1946 |
|
|
|
|
Com. Reg. No.: |
00417612 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Manufacture of luggage, handbags and the like, saddlery and harness |
|
|
|
|
No. of Employees : |
177 |
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 : |
Satisfactory |
|
Payment Behaviour : |
Slow but correct |
|
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 (31.03.2011) |
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
Arnold Wills And Co. Ltd.
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Business Description
|
MAG MOUCH SOPHOS Limited (formerly known as
Arnold Wills and Co. Ltd.) is a manufacturer of men’s accessories in the
Untied Kingdom. It offers a wide range of products, including cuff links,
collar studs, tie slides, armbands, handkerchiefs, belts, braces, underwear,
garters, sock suspenders and leather goods. In addition, the company offers
crested and personalised jewellery, gifts, umbrellas and walking sticks to
its customers. MAG MOUCH SOPHOS Limited operates a network of stores
throughout UK. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
1320 - Leather Tanning, Fur Dressing and Leather
Product Manufacturing |
|
NACE 2002: |
1920 - Manufacture of luggage, handbags and the
like, saddlery and harness |
|
NAICS 2002: |
|
|
UK SIC 2003: |
1920 - Manufacture of luggage, handbags and the
like, saddlery and harness |
|
UK SIC 2007: |
1512 - Manufacture of luggage, handbags and the
like, saddlery and harness |
|
US SIC 1987: |
Key Executives
|
Financial
Summary
|
|
||||||||||||||||||||
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6341433
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6075519
|
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|
Arnold Wills And Co. Ltd. |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Oakham |
United Kingdom |
Apparel and Accessories |
27.9 |
177 |
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Restaurants |
1.4 |
33 |
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Hotels and Motels |
0.1 |
21 |
|
|
Subsidiary |
Atherstone |
United Kingdom |
Apparel and Accessories |
|
3 |
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Apparel and Accessories |
|
|
|
|
Subsidiary |
Maidenhead |
United Kingdom |
Apparel and Accessories |
|
|
Executives Report
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Return
Date: 13 Jun 2012
Total Issued Capital (GBP 000): 126
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
16 Sep 1982 |
Aston House, York Road, |
18 Jun 2008 |
NA |
Current:1 |
|
|
|
Current |
24 Dec 1981 |
Aston House, York Road, |
18 Jun 2008 |
NA |
Current:1 |
|
|
|
Current |
16 Jul 1949 |
Barn Hill House, Barn Hill, |
13 Jun 1991 |
NA |
Current:30 |
|
|
|
Previous |
01 Jan 1910 |
York House, Leicester Road, |
13 Jun 1991 |
10 Aug 2001 |
Current:0 |
|
|
|
Previous |
15 Dec 1955 |
Aston House York Road, |
10 Aug 2001 |
13 Jun 2008 |
Current:13 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
|
|
|
There are no corporate directors for this
company. |
|
|
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
15 Dec 1955 |
Aston House York Road, |
13 Jun 2008 |
NA |
Current:13 |
|
|
|
Previous |
16 Jul 1949 |
Barn Hill House, Barn Hill, |
13 Jun 1991 |
13 Jun 2008 |
Current:30 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
||||
|
|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Jane Secretarial Services Limited |
Previous |
5Th Floor Kinnaird House 1 Pall Mall East, |
16 Mar 2000 |
26 Jan 2005 |
|
|
||||
|
|
||||
|
|
||||
|
Individual Shareholders |
||||||
|
|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
B K Kew |
82930 B Ordinary GBP 0.50 |
B Ordinary |
82,930 |
0.50 |
41,465.00 |
32.88 |
|
Belinda Katie Kew |
1676 B Ordinary GBP 0.50 |
B Ordinary |
1,676 |
0.50 |
838.00 |
0.66 |
|
J A Broom |
52 A Ordinary GBP 0.50 |
A Ordinary |
52 |
0.50 |
26.00 |
0.02 |
|
J A Broom |
1 A Ordinary GBP 0.50 |
A Ordinary |
1 |
0.50 |
0.50 |
<0.01 |
|
J A Broom |
1 B Ordinary GBP 0.50 |
B Ordinary |
1 |
0.50 |
0.50 |
<0.01 |
|
J G Kew |
82930 B Ordinary GBP 0.50 |
B Ordinary |
82,930 |
0.50 |
41,465.00 |
32.88 |
|
R H W Wills |
52 A Ordinary GBP 0.50 |
A Ordinary |
52 |
0.50 |
26.00 |
0.02 |
|
Robert Hugo Weyl Wills |
84554 A Ordinary GBP 0.50 |
A Ordinary |
84,554 |
0.50 |
42,277.00 |
33.53 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|
|
|
There are no corporate shareholders for
this company. |
|
|
|
Financials in:
USD (mil) |
|
|
Except for
share items (millions) and per share items (actual units) |
|
|
|
|
|
31-May-2011 |
31-May-2010 |
31-May-2009 |
31-May-2008 |
31-May-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.634143 |
0.6282 |
0.61899 |
0.498857 |
0.520969 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Turnover (UK) |
- |
- |
- |
- |
34.9 |
|
Turnover (Exports) |
- |
- |
- |
- |
0.0 |
|
Total Turnover |
27.9 |
38.0 |
32.0 |
36.6 |
34.9 |
|
Cost of Sales |
20.5 |
27.5 |
23.2 |
26.4 |
22.9 |
|
Gross Profit |
7.4 |
10.5 |
8.7 |
10.2 |
12.0 |
|
Depreciation |
0.2 |
0.2 |
0.2 |
0.3 |
0.4 |
|
Other Expenses |
6.3 |
7.0 |
7.0 |
8.1 |
7.9 |
|
Other Income |
0.3 |
0.4 |
0.4 |
1.5 |
2.0 |
|
Interest Paid |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Exceptional Income |
0.1 |
0.6 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
1.4 |
4.5 |
2.2 |
3.5 |
6.1 |
|
Tax Payable / Credit |
0.4 |
1.0 |
0.7 |
1.2 |
1.4 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
2.5 |
1.3 |
7.6 |
0.0 |
0.0 |
|
Profit After Taxes |
-1.4 |
2.0 |
-6.1 |
2.3 |
4.4 |
|
Minority Interests (Profit & Loss) |
0.0 |
-0.2 |
0.0 |
0.0 |
-0.2 |
|
Audit Fees |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Non Audit Fees |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Number of Employees |
177 |
330 |
326 |
344 |
298 |
|
Wages |
4.9 |
5.6 |
5.6 |
6.3 |
6.2 |
|
Social Security Costs |
0.4 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Pensions |
0.3 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Other Pension Costs |
0.5 |
0.3 |
0.4 |
0.3 |
0.3 |
|
Employees Remuneration |
5.8 |
6.2 |
6.3 |
7.0 |
6.9 |
|
Directors Emoluments |
0.5 |
0.8 |
0.9 |
1.2 |
1.4 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.8 |
0.8 |
0.9 |
1.3 |
1.6 |
|
Highest Paid Director |
0.7 |
0.8 |
0.9 |
1.1 |
1.3 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
31-May-2011 |
31-May-2010 |
31-May-2009 |
31-May-2008 |
31-May-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.607552 |
0.688255 |
0.620136 |
0.506022 |
0.505536 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Land & Buildings |
5.7 |
3.4 |
3.5 |
4.4 |
4.7 |
|
Fixtures & Fittings |
0.4 |
0.1 |
0.2 |
0.3 |
0.3 |
|
Plant & Vehicles |
0.2 |
0.1 |
0.2 |
0.3 |
0.4 |
|
Total Tangible Fixed Assets |
6.3 |
3.6 |
3.9 |
5.0 |
5.4 |
|
Intangible Assets |
0.4 |
0.3 |
0.4 |
0.6 |
0.6 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
6.6 |
4.0 |
4.3 |
5.5 |
6.0 |
|
Stocks |
- |
- |
- |
- |
5.8 |
|
Work in Progress |
- |
- |
- |
- |
0.1 |
|
Total Stocks Work In Progress |
3.7 |
3.0 |
5.7 |
6.4 |
5.9 |
|
Trade Debtors |
3.8 |
2.7 |
3.1 |
2.5 |
3.8 |
|
Inter-Company Debtors |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Other Debtors |
1.3 |
1.6 |
0.4 |
0.3 |
0.2 |
|
Total Debtors |
5.0 |
4.4 |
3.5 |
2.8 |
4.0 |
|
Cash and Equivalents |
4.0 |
6.0 |
4.3 |
17.1 |
11.1 |
|
Other Current Assets |
5.3 |
5.8 |
6.3 |
4.9 |
8.6 |
|
Total Current Assets |
18.1 |
19.1 |
19.7 |
31.2 |
29.6 |
|
Total Assets |
24.7 |
23.1 |
24.1 |
36.7 |
35.6 |
|
Trade Creditors |
1.2 |
0.6 |
1.4 |
1.0 |
1.0 |
|
Inter-Company Creditors |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current
Liability) |
0.6 |
0.5 |
0.6 |
0.8 |
1.6 |
|
Social Security/VAT |
0.7 |
0.5 |
0.4 |
0.7 |
0.5 |
|
Corporation Tax |
0.2 |
0.8 |
0.6 |
1.0 |
1.1 |
|
Other Current Liabilities |
0.0 |
0.0 |
0.2 |
0.1 |
0.3 |
|
Total Current Liabilities |
2.7 |
2.4 |
3.2 |
3.6 |
4.4 |
|
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 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term
Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Issued Capital |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.7 |
0.6 |
0.5 |
0.6 |
0.8 |
|
Retained Earnings |
20.9 |
19.7 |
19.9 |
31.9 |
29.7 |
|
Other Reserves |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Minority Interests (Balance Sheet) |
-0.1 |
-0.1 |
-0.2 |
-0.3 |
-0.2 |
|
Total Shareholders Funds |
21.9 |
20.6 |
20.7 |
32.9 |
30.9 |
|
Net Worth |
21.5 |
20.3 |
20.3 |
32.3 |
30.3 |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
31-May-2011 |
31-May-2010 |
31-May-2009 |
31-May-2008 |
31-May-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.634143 |
0.6282 |
0.61899 |
0.498857 |
0.520969 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.8 |
5.5 |
0.8 |
2.4 |
2.7 |
|
Net Cash Flow from ROI and Servicing of
Finance |
0.8 |
0.2 |
0.3 |
1.0 |
0.9 |
|
Taxation |
-1.1 |
-0.7 |
-0.9 |
-1.4 |
-0.6 |
|
Capital Expenditures |
-2.0 |
-0.8 |
-0.1 |
-0.3 |
0.6 |
|
Acquisitions and Disposals |
0.0 |
-0.5 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-2.5 |
-1.3 |
-7.6 |
0.0 |
0.0 |
|
Management of Liquid Resources |
3.7 |
-2.3 |
-2.2 |
0.0 |
-0.2 |
|
Net Cash Flow From Financing |
0.0 |
0.0 |
0.0 |
4.3 |
0.0 |
|
Increase in Cash |
-0.3 |
0.0 |
-9.7 |
6.1 |
3.4 |
|
|
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
31-May-2011 |
31-May-2010 |
31-May-2009 |
31-May-2008 |
31-May-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.607552 |
0.688255 |
0.620136 |
0.506022 |
0.505536 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Current Ratio |
6.68 |
8.09 |
6.24 |
8.74 |
6.66 |
|
Liquidity Ratio |
5.31 |
6.82 |
4.43 |
6.94 |
5.33 |
|
Stock Turnover |
7.83 |
11.63 |
5.57 |
5.62 |
6.07 |
|
Credit Period (Days) |
47.21 |
28.58 |
35.00 |
25.51 |
38.29 |
|
Working Capital by Sales |
52.75% |
48.21% |
51.96% |
76.54% |
70.02% |
|
Trade Credit by Debtors |
0.33 |
0.21 |
0.46 |
0.39 |
0.26 |
|
Return on Capital |
6.87% |
19.91% |
10.45% |
10.38% |
20.03% |
|
Return on Assets |
6.11% |
17.87% |
9.08% |
9.37% |
17.53% |
|
Profit Margin |
5.18% |
11.88% |
6.85% |
9.54% |
17.35% |
|
Return on Shareholders Funds |
6.90% |
19.99% |
10.55% |
10.48% |
20.21% |
|
Equity Gearing |
88.64% |
89.40% |
86.04% |
89.46% |
86.75% |
|
Interest Coverage |
148.95 |
962.63 |
84.68 |
49.46 |
3,716.76 |
|
Sales by Tangible Assets |
4.64 |
9.59 |
8.14 |
7.24 |
6.70 |
|
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 |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
20.73% |
16.40% |
19.79% |
19.06% |
19.87% |
|
Creditor Days (Cost of Sales Based) |
20.92 |
8.13 |
22.00 |
13.94 |
15.41 |
|
Creditor Days (Sales Based) |
15.37 |
5.88 |
15.98 |
10.06 |
10.11 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
|
1 |
Rs.83.96 |
|
Euro |
1 |
Rs.71.88 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.