MIRA INFORM REPORT

 

 

Report Date :

19.02.2013

 

IDENTIFICATION DETAILS

 

Name :

YOURS CLOTHING LTD.

 

 

Registered Office :

1184 Lincoln Road Peterborough, PE4 6LA

 

 

Country :

United Kingdom

 

 

Financials (as on) :

29.01.2012

 

 

Date of Incorporation :

11.01.1994

 

 

Com. Reg. No.:

02886196

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Retail sale of clothing

 

 

No. of Employees :

338

 

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 but correct

Litigation :

--

 

 

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

Company name and address Top of Form

Bottom of Form

Top of Form

Yours Clothing Ltd.                                                                                                                

 

1184 Lincoln Road

 

 

Peterborough, PE4 6LA

United Kingdom

(Trading Address)
Registered Address

 

 

Tel:

01733383890

Fax:

01733383897

 

www.yoursclothing.co.uk

 

Employees:

338

Company Type:

Private Subsidiary

Corporate Family:

3 Companies

Ultimate Parent:

Ak Retail Holdings Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

11-Jan-1994

Auditor:

Ensors

Financials in:

 USD (mil)

Fiscal Year End:

29-Jan-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

37.6  1

Net Income:

(0.4)

Total Assets:

8.1

                                    

Business Description      

 

Who are we You and Yours This summer season YOURS CLOTHING has every item a girl needs for the warmer months. Incorporating the most influential catwalk to high street trends, YOURS CLOTHING offers the best attire for daywear to evening. From basics with a bit of sparkle, statement dresses to chiffon blouses and tailored trousers this collection is wearable, affordable and bang on trend. This season YOURS CLOTHING has continued with strong key pieces such as the elegant and flattering flowing maxi dresses focusing on beautiful florals, detail and bold colours, perfect for making an effortless statement - whether you want to dress up and make an entrance or down depending on the occasion. For those who need a little more than a garment to feel their outfit is complete YOURS CLOTHING have released a gorgeous range of accessories to complete any look - from jewellery to bags and belts, you will be spoilt for choice and able to revamp your favorite YOURS CLOTHING pieces. YOURS CLOTHING for the first time has also added tailored pieces to the collection making it easy to look fabulously smart in the work place and can be adapted with accessories and summer blouses for those after work social events. Animal print continues to be a key trend this season and YOURS CLOTHING have some beautiful pieces including the sheer leopard print blouse. Make a statement and stand out from the crowd in the animalistic pieces. The nautical trend continues to come back season after season and YOURS CLOTHING have embraced this with the navy and cream pieces including the striped tunic top that looks casually stunning when paired with jeans or leggings the floral broach creates a collaboration of trends within one item. YOURS CLOTHING offers a stunning colour palette of summer tones from rich reds and pinks to cool blues and greens, combined with floaty chiffons and light cottons. Whatever your needs, YOURS CLOTHING has all the answers, from intimates, sleepwear and day to night pieces that will be a timeless commodity in your wardrobe, and with prices staying at a jaw dropping level there really is no reason not to head straight to YOURS CLOTHING for all your summer must haves. Feedback We will always listen to our customers. If you wish to make any comments please contact our Chairman - Andrew Killingsworth

          

Industry                                                                                                                                

 

Industry

Retail (Apparel)

ANZSIC 2006:

4251 - Clothing Retailing

NACE 2002:

5242 - Retail sale of clothing

NAICS 2002:

4481 - Clothing Stores

UK SIC 2003:

5242 - Retail sale of clothing

UK SIC 2007:

4771 - Retail sale of clothing in specialised stores

US SIC 1987:

5651 - Family Clothing Stores

                        

Key Executives           

   

 

Name

Title

David James Preece

Secretary

Andrew Robert Killingsworth

Director

Richard James Thurlow

Director

Deborah Amanda Torr

Director

 

Financial Summary                                                                                 

 

FYE: 29-Jan-2012

USD (mil)

Key Figures

 

Current Assets

5.49

Fixed Assets

2.63

Total Liabilities

6.68

Net Worth

0.53

 

Key Ratios

 

Current Ratio

0.82

Acid Test

0.21

Debt Gearing

24.96

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6246662
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6365305

 

 

Corporate Overview

 

Location
1184 Lincoln Road
Peterborough, PE4 6LA
Cambridgeshire County
United Kingdom

 

Tel:

01733383890

Fax:

01733383897

 

www.yoursclothing.co.uk

Sales GBP(mil):

23.5

Assets GBP(mil):

5.2

Employees:

338

Fiscal Year End:

29-Jan-2012

 

Industry:

Retail (Apparel)

Registered Address:
1184 Lincoln Road
Werrington
Peterborough, PE4 6LA
United Kingdom

 

Incorporation Date:

11-Jan-1994

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

02886196

 

Director:

Andrew Robert Killingsworth

 

Industry Codes

 

ANZSIC 2006 Codes:

4251

-

Clothing Retailing

 

NACE 2002 Codes:

5242

-

Retail sale of clothing

 

NAICS 2002 Codes:

4481

-

Clothing Stores

 

US SIC 1987:

5651

-

Family Clothing Stores

 

UK SIC 2003:

5242

-

Retail sale of clothing

 

UK SIC 2007:

4771

-

Retail sale of clothing in specialised stores

 

 

Business Description

Clothing retail.

 

More Business Descriptions

Representative Office

 

Who are we You and Yours This summer season YOURS CLOTHING has every item a girl needs for the warmer months. Incorporating the most influential catwalk to high street trends, YOURS CLOTHING offers the best attire for daywear to evening. From basics with a bit of sparkle, statement dresses to chiffon blouses and tailored trousers this collection is wearable, affordable and bang on trend. This season YOURS CLOTHING has continued with strong key pieces such as the elegant and flattering flowing maxi dresses focusing on beautiful florals, detail and bold colours, perfect for making an effortless statement - whether you want to dress up and make an entrance or down depending on the occasion. For those who need a little more than a garment to feel their outfit is complete YOURS CLOTHING have released a gorgeous range of accessories to complete any look - from jewellery to bags and belts, you will be spoilt for choice and able to revamp your favorite YOURS CLOTHING pieces. YOURS CLOTHING for the first time has also added tailored pieces to the collection making it easy to look fabulously smart in the work place and can be adapted with accessories and summer blouses for those after work social events. Animal print continues to be a key trend this season and YOURS CLOTHING have some beautiful pieces including the sheer leopard print blouse. Make a statement and stand out from the crowd in the animalistic pieces. The nautical trend continues to come back season after season and YOURS CLOTHING have embraced this with the navy and cream pieces including the striped tunic top that looks casually stunning when paired with jeans or leggings the floral broach creates a collaboration of trends within one item. YOURS CLOTHING offers a stunning colour palette of summer tones from rich reds and pinks to cool blues and greens, combined with floaty chiffons and light cottons. Whatever your needs, YOURS CLOTHING has all the answers, from intimates, sleepwear and day to night pieces that will be a timeless commodity in your wardrobe, and with prices staying at a jaw dropping level there really is no reason not to head straight to YOURS CLOTHING for all your summer must haves. Feedback We will always listen to our customers. If you wish to make any comments please contact our Chairman - Andrew Killingsworth

 

 

 

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

23.5

Net Income:

-0.3

Assets:

5.2

Current Assets:

3.5

 

Fixed Assets:

1.7

 

Long Term Debt:

0.1

 

Total Liabilities:

4.3

 

Issued Capital:

0.0

 

Working Capital:

-0.8

 

Net Worth:

0.3

 

 

 

Date of Financial Data:

29-Jan-2012

 

1 Year Growth

11.3%

NA

NA

 

Key Corporate Relationships

Auditor:

Ensors

Bank:

Barclays Bank PLC

 

Auditor:

Ensors

 

Auditor History

Ensors

29-Jan-2012

Moore Stephens

31-Jan-2011

Moore Stephens

31-Jan-2010

Moore Stephens

31-Jan-2009

Moore Stephens

31-Jan-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

01-29-2012

 

 

 

 

 

 

 

Corporate Structure News

 

Yours Clothing Ltd.
Total Corporate Family Members: 3

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Ak Retail Holdings Ltd.

Parent

Peterborough

United Kingdom

Retail (Apparel)

37.6

342

Yours Clothing Ltd.

Subsidiary

Peterborough

United Kingdom

Retail (Apparel)

37.6

338

Size Up Clothing Stores Ltd.

UK Branch/Trading address

Skegness

United Kingdom

Retail (Apparel)

37.6

4

 

 



Executives Report

 

Board of Directors

 

Name

Title

Function

Andrew Robert Killingsworth

 

Director

Director/Board Member

Age: 51

 

Richard James Thurlow

 

Director

Director/Board Member

 

 

Age: 58

 

Deborah Amanda Torr

 

Director

Director/Board Member

 

 

Age: 49

 

 

Executives

 

Name

Title

Function

David James Preece

 

Secretary

Company Secretary

Age: 56

 

 

 Directors and Shareholders Report

Annual Return Date: 11 Jan 2013

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Richard James
Thurlow

Current

17 Feb 1955

Rutland House Minerva Business Park, Lynch Wood,
Peterborough, Cambridgeshire PE2 6PZ

20 Aug 2012

NA

Current:4
Previous:1
Disqualifications:0

 

Deborah Amanda
Torr

Current

06 Jan 1964

1184 Lincoln Road,
Peterborough, Cambridgeshire PE4 6LA

20 Jul 2012

NA

Current:1
Previous:0
Disqualifications:0

 

Andrew Robert
Killingsworth

Current

10 Feb 1962

Rutland House Minerva Business Park, Lynch Wood,
Peterborough, Cambridgeshire PE2 6PZ

01 Nov 1997

NA

Current:3
Previous:0
Disqualifications:0

 

Robert Arthur Thomas
Killingsworth

Previous

22 Dec 1920

Eldon Lodge, Orton Waterville,
Peterborough, Cambridgeshire PE2 5EJ

17 Feb 1994

06 Jul 2000

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

There are no corporate directors for this company.

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

David James
Preece

Current

23 Aug 1956

Rutland House Minerva Business Park, Lynch Wood,
Peterborough, Cambridgeshire PE2 6PZ

06 Jul 2000

NA

Current:3
Previous:0
Disqualifications:0

 

Vera
Killingsworth

Previous

NA

Eldon Lodge Cherry Orton Road, Orton Waterville,
Peterborough, Cambridgeshire PE2 5EH

17 Feb 1994

06 Jul 2000

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

Individual Shareholders

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

A K Retail Holdings Limited

200 Ordinary GBP 1.00

Ordinary

200

1.00

200.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

There are no corporate shareholders for this company.

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

29-Jan-2012

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.624666

0.648787

0.635292

0.558389

0.499611

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

-

-

-

20.9

-

Turnover (Exports)

-

-

-

0.0

-

Total Turnover

37.6

32.5

23.0

20.9

-

Cost of Sales

18.7

16.2

10.2

9.0

-

Gross Profit

18.9

16.3

12.8

11.9

13.7

Depreciation

0.6

0.7

3.7

0.3

0.6

Other Expenses

18.9

15.8

12.2

12.1

14.0

Other Income

0.1

0.0

0.0

0.1

0.2

Interest Paid

0.0

0.0

0.0

0.0

0.0

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

0.0

0.6

0.6

-0.1

-0.2

Tax Payable / Credit

0.1

0.3

0.2

0.0

0.0

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.4

0.0

0.0

0.0

0.0

Profit After Taxes

-0.4

0.3

0.4

-0.1

-0.1

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

0.1

0.0

-

-

Number of Employees

338

316

257

238

266

Wages

6.1

5.2

3.9

4.1

4.9

Social Security Costs

0.4

0.3

0.2

0.3

0.3

Other Pension Costs

0.0

0.0

0.0

0.0

0.0

Employees Remuneration

6.5

5.5

4.1

4.4

5.2

 




 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

29-Jan-2012

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.636531

0.624317

0.624064

0.717437

0.503018

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

1.2

1.2

0.7

0.3

0.5

Fixtures & Fittings

0.9

1.2

0.8

0.7

1.3

Plant & Vehicles

0.0

0.0

0.1

0.1

0.1

Total Tangible Fixed Assets

2.1

2.4

1.6

1.1

2.0

Intangible Assets

0.5

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

2.6

2.4

1.6

1.1

2.0

Stocks

4.1

3.9

2.5

1.5

1.9

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

4.1

3.9

2.5

1.5

1.9

Inter-Company Debtors

-

-

0.0

0.0

0.0

Other Debtors

1.3

1.4

0.7

0.7

1.1

Total Debtors

1.3

1.4

0.7

0.8

1.1

Cash and Equivalents

0.1

0.0

0.1

0.1

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

5.5

5.4

3.3

2.3

3.0

Total Assets

8.1

7.8

4.8

3.4

5.0

Trade Creditors

2.7

3.3

1.4

1.2

1.4

Bank Overdraft

0.0

0.1

0.2

0.2

0.0

Inter-Company Creditors

0.7

0.7

0.2

0.2

0.4

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.1

0.1

0.1

0.1

0.1

Total Short Term Loans

0.8

0.0

0.0

0.0

0.1

Accruals/Deferred Income (Current Liability)

0.9

0.4

0.4

0.3

0.4

Social Security/VAT

1.4

0.9

0.6

0.3

0.5

Corporation Tax

0.1

0.3

0.2

0.0

0.2

Dividends (Current Liability)

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

6.7

5.8

3.1

2.3

3.2

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

-

Leasing (Long Term Liability)

-

-

-

0.0

-

Total Hire Purchase Loans (Long Term Liability)

0.0

0.1

0.0

0.0

0.0

Other Long Term Loans

0.1

0.0

-

0.0

0.1

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

0.1

0.1

0.0

0.0

0.2

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.2

0.3

0.4

0.3

0.4

Total Provisions

0.2

0.3

0.4

0.3

0.4

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

1.1

1.6

1.3

0.8

1.2

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

1.1

1.6

1.3

0.8

1.2

Net Worth

0.5

1.6

1.3

0.8

1.2

 




 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

29-Jan-2012

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.624666

0.648787

0.635292

0.558389

0.499611

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

-

-

-

0.3

0.1

Net Cash Flow from ROI and Servicing of Finance

-

-

-

0.0

0.0

Taxation

-

-

-

-0.2

-0.1

Capital Expenditures

-

-

-

0.0

-0.6

Acquisitions and Disposals

-

-

-

0.0

0.0

Paid Up Equity

-

-

-

0.0

0.0

Management of Liquid Resources

-

-

-

0.0

0.0

Net Cash Flow From Financing

-

-

-

-0.2

0.1

Increase in Cash

-

-

-

-0.1

-0.4

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

29-Jan-2012

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.636531

0.624317

0.624064

0.717437

0.503018

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

0.82

0.92

1.06

1.02

0.95

Liquidity Ratio

0.21

0.25

0.26

0.37

0.35

Stock Turnover

9.04

8.63

9.38

10.86

-

Working Capital by Sales

-3.22%

-1.33%

0.76%

0.31%

-

Return on Capital

2.75%

30.59%

35.12%

-7.88%

-8.71%

Return on Assets

0.49%

7.77%

12.54%

-2.60%

-3.19%

Profit Margin

0.11%

1.79%

2.60%

-0.55%

-

Return on Shareholders Funds

3.66%

39.07%

47.90%

-11.65%

-12.95%

Borrowing Ratio

320.12%

61.60%

43.38%

61.44%

67.61%

Equity Gearing

13.32%

19.89%

26.18%

22.32%

24.62%

Debt Gearing

24.96%

6.20%

3.73%

4.35%

14.39%

Interest Coverage

0.81

140.94

72.62

-5.26

-5.00

Sales by Tangible Assets

17.73

13.91

15.05

15.12

-

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

0.1

0.1

0.1

0.1

-

Capital Employed per Employee

0.0

0.0

0.0

0.0

0.0

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.0

0.0

0.0

0.0

0.0

Employee Remuneration by Sales

17.35%

16.87%

17.91%

20.83%

-

Creditor Days (Cost of Sales Based)

53.53

71.17

48.29

60.86

-

Creditor Days (Sales Based)

26.65

35.45

21.45

26.22

-

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.29

UK Pound

1

Rs.84.09

Euro

1

Rs.72.44

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.