MIRA
INFORM REPORT
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Report Date : |
22.06.2013 |
IDENTIFICATION DETAILS
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Name : |
CHAN BROTHERS LTD. |
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Registered Office : |
Unit 2, Gemini Business Park, Hornet Way, London, E6 7FF |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
30.07.1991 |
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Com. Reg. No.: |
02633459 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
distributor,
exporter and importer of frozen seafood items |
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No. of Employees : |
26 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
|
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
Chan Brothers Ltd.
Unit 2
Gemini Business Park
Hornet Way
London, E6 7FF
United Kingdom
Tel: 02074742311
Fax: 020 7476 9134
Web: www.chanbros.co.uk
Synthesis
Employees: 26
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Chan Family
Quoted Status: Non-quoted Company
Incorporation Date:
30-Jul-1991
Auditor: Thp Ltd.
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 20.9 1
Net Income: 1.2
Total Assets: 21.6
Business Description
Chan Brothers Ltd. is a distributor, exporter and importer of frozen seafood items. The company operates a fleet of vans that is available for delivery purposes. It stocks a variety of cultivated black tiger, seawater white and freshwater prawns. The company offers a range of squid tubes, shell mussels and monkfish fillets. It also provides cooked and peeled prawns. The company offers a selection of black and red tilapia fishes in whole round, gutted and scaled forms. In addition, it serves clients in the catering market. The company provides a variety of sea scallops.
Industry
Industry Retail (Grocery)
ANZSIC 2006: 360 - Grocery,
Liquor and Tobacco Product Wholesaling
NACE 2002: 5138 - Wholesale
of other food including fish, crustaceans and molluscs
NAICS 2002: 424460 - Fish and
Seafood Merchant Wholesalers
UK SIC 2003: 5138 - Wholesale
of other food including fish, crustaceans and molluscs
UK SIC 2007: 4638 - Wholesale
of other food, including fish, crustaceans and molluscs
US SIC 1987: 514 - Groceries
and Related Products
Key Executives
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Name |
Title |
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Donna Lau |
Finance Manager |
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Peter Wong |
Sales Manager |
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Maureen Ying Ying Chan |
Secretary |
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Christine Rendall |
Secretary |
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Kenneth Shun Kwai Chan |
Director |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6267523
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6281078
Corporate Overview
Location
Unit 2
Gemini Business Park
Hornet Way
London, E6 7FF
London County
United Kingdom
Tel: 02074742311
Fax: 020 7476 9134
Sales GBP(mil): 13.1
Assets GBP(mil): 13.6
Employees: 26
Fiscal Year End: 31-Mar-2012
Industry: Retail (Grocery)
Registered
Address:
Unit 2,
Block B Gemini Business Park
Beckton
London, E6 7FF
United Kingdom
Incorporation Date: 30-Jul-1991
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 02633459
Director: Kenneth Shun Kwai Chan
Industry Codes
ANZSIC 2006 Codes:
360 - Grocery, Liquor and Tobacco Product Wholesaling
NACE 2002 Codes:
5138 - Wholesale of other food including fish, crustaceans and
molluscs
NAICS 2002 Codes:
424460 - Fish and Seafood Merchant Wholesalers
US SIC 1987:
514 - Groceries and Related Products
UK SIC 2003:
5138 - Wholesale of other food including fish, crustaceans and
molluscs
UK SIC 2007:
4638 - Wholesale of other food, including fish, crustaceans and
molluscs
Business
Description
Chan Brothers Ltd.
is a distributor, exporter and importer of frozen seafood items. The company
operates a fleet of vans that is available for delivery purposes. It stocks a
variety of cultivated black tiger, seawater white and freshwater prawns. The
company offers a range of squid tubes, shell mussels and monkfish fillets. It
also provides cooked and peeled prawns. The company offers a selection of black
and red tilapia fishes in whole round, gutted and scaled forms. In addition, it
serves clients in the catering market. The company provides a variety of sea
scallops.
More Business
Descriptions
Chan Brothers Ltd.
specialises as a frozen seafood importer, exporter and distributor to the
catering industry in the United Kingdom. The company offers a wide range of
seafood products, including squid tubes, shell mussels, sea scallops, black
tilapia fish, Taiwan and Ecuador origins, red tilapia fish, as well as monkfish
fillets. It is a specialist stockist of various types of tropical king prawns.
The company provides a variety of prawn products, such as cultivated black
tiger, seawater white, penaeus duorarum, cultivated white, sticky prawn,
macrobrachium rosenburgii and cooked and peeled prawns. It distributes products
nationwide through its fleet of delivery vans. (Updated by OneSource
Information Services)
Frozen Foods
(Wholesale)
High quality
frozen seafood distributor to the catering trade. Our coverage is nationwide
through our own fleet of delivery vans together with our associated companies.
Wearealso specialist stockists of all types of Tropical King Prawns.
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Corporate Family |
Corporate
Structure News: |
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Chan
Brothers Ltd. |
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Chan Brothers Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Chan Family |
Parent |
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Chan Brothers Ltd. |
Subsidiary |
London |
United Kingdom |
Retail (Grocery) |
20.9 |
26 |
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executive report
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Board
of Directors |
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Director |
Director/Board Member |
. |
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Executives |
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Secretary |
Company Secretary |
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Secretary |
Company Secretary |
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Finance Manager |
Finance Executive |
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Sales Manager |
Sales Executive |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 02074742311 |
Annual Return Date: 30
Jul 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Kenneth Shun Kwai |
Current |
08 Mar 1943 |
44 Forest Ridge, Keston Park, |
30 Jul 1992 |
NA |
Current:4 |
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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 |
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Maureen Ying Ying |
Current |
NA |
44 Forest Ridge, Keston Park, |
30 Jul 1992 |
NA |
Current:1 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Kenneth Shun Kwai Chan |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
16.67 |
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Kevin Wai Cheung Chan |
2 Ordinary GBP 1.00 |
Ordinary |
2 |
1.00 |
2.00 |
33.33 |
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Maureen Ying Ying Chan |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
16.67 |
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Susanna Wai Ying Chan |
2 Ordinary GBP 1.00 |
Ordinary |
2 |
1.00 |
2.00 |
33.33 |
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Corporate Shareholders |
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There are no corporate shareholders 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)
|
|
31-Mar-2012 |
02-Apr-2011 |
02-Apr-2010 |
29-Mar-2009 |
30-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.643214 |
0.627675 |
0.590376 |
0.498379 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
20.8 |
21.0 |
22.1 |
19.4 |
23.4 |
|
Turnover (Exports) |
0.1 |
0.0 |
0.4 |
2.0 |
0.1 |
|
Total Turnover |
20.9 |
21.1 |
22.5 |
21.4 |
23.5 |
|
Cost of Sales |
16.6 |
16.7 |
18.3 |
16.7 |
18.8 |
|
Gross Profit |
4.3 |
4.4 |
4.2 |
4.7 |
4.7 |
|
Depreciation |
0.5 |
0.5 |
0.4 |
0.5 |
0.1 |
|
Other Expenses |
2.6 |
2.7 |
2.3 |
2.6 |
2.4 |
|
Operating Profit |
1.7 |
- |
- |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Interest Paid |
0.2 |
0.2 |
0.3 |
0.5 |
0.1 |
|
Exceptional Income |
0.0 |
-0.4 |
0.0 |
-1.4 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
1.5 |
1.0 |
1.6 |
0.2 |
2.3 |
|
Tax Payable / Credit |
0.3 |
0.1 |
0.5 |
0.1 |
0.6 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
1.2 |
|
Profit After Taxes |
1.2 |
0.9 |
1.2 |
0.2 |
0.5 |
|
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 |
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Number of Employees |
26 |
26 |
27 |
25 |
28 |
|
Wages |
0.9 |
0.9 |
0.9 |
0.8 |
1.0 |
|
Social Security Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Pensions |
- |
- |
- |
- |
0.0 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
1.0 |
1.0 |
1.0 |
0.9 |
1.0 |
|
Directors Emoluments |
- |
- |
- |
- |
0.2 |
|
Other Costs |
- |
- |
- |
- |
0.0 |
|
Directors Remuneration |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Highest Paid Director |
0.1 |
0.1 |
0.1 |
0.1 |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
02-Apr-2011 |
02-Apr-2010 |
29-Mar-2009 |
30-Mar-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.623791 |
0.654343 |
0.698153 |
0.502715 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
8.5 |
8.7 |
8.1 |
7.7 |
10.8 |
|
Fixtures & Fittings |
0.8 |
0.9 |
1.0 |
1.0 |
1.4 |
|
Plant & Vehicles |
5.2 |
5.4 |
5.6 |
5.3 |
2.1 |
|
Total Tangible Fixed Assets |
14.5 |
15.0 |
14.7 |
14.0 |
14.4 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
14.5 |
15.0 |
14.7 |
14.0 |
14.4 |
|
Stocks |
3.7 |
2.2 |
- |
4.8 |
- |
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Work in Progress |
0.0 |
0.0 |
- |
0.0 |
- |
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Total Stocks Work In Progress |
3.7 |
2.2 |
1.7 |
4.8 |
2.6 |
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Trade Debtors |
2.5 |
2.7 |
2.7 |
2.5 |
3.1 |
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Inter-Company Debtors |
0.6 |
0.6 |
0.6 |
0.6 |
1.2 |
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Other Debtors |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
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Total Debtors |
3.2 |
3.5 |
3.3 |
3.1 |
4.4 |
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Cash and Equivalents |
0.1 |
0.4 |
0.5 |
0.1 |
0.3 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
7.1 |
6.1 |
5.5 |
8.0 |
7.3 |
|
Total Assets |
21.6 |
21.1 |
20.1 |
22.0 |
21.6 |
|
Trade Creditors |
0.5 |
0.6 |
0.4 |
0.8 |
0.8 |
|
Bank Overdraft |
1.0 |
0.0 |
1.7 |
3.9 |
0.4 |
|
Inter-Company Creditors |
0.3 |
0.3 |
0.3 |
0.8 |
0.5 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Short Term Loans |
0.0 |
0.8 |
0.0 |
0.3 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
0.1 |
0.1 |
0.1 |
0.3 |
12.7 |
|
Social Security/VAT |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Corporation Tax |
0.3 |
0.1 |
0.1 |
0.0 |
0.1 |
|
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 |
2.3 |
2.1 |
2.8 |
6.1 |
14.5 |
|
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 |
9.1 |
10.0 |
10.3 |
10.6 |
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 |
9.1 |
10.0 |
10.3 |
10.6 |
0.0 |
|
Deferred Taxation |
0.8 |
1.5 |
0.8 |
0.5 |
0.5 |
|
Other Provisions |
0.6 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
1.5 |
1.5 |
0.8 |
0.5 |
0.5 |
|
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 |
8.6 |
7.5 |
6.3 |
4.8 |
6.5 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
8.7 |
7.6 |
6.3 |
4.9 |
6.6 |
|
Net Worth |
8.7 |
7.6 |
6.3 |
4.9 |
6.6 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
02-Apr-2011 |
02-Apr-2010 |
29-Mar-2009 |
30-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.643214 |
0.627675 |
0.590376 |
0.498379 |
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Consolidated |
No |
No |
No |
No |
No |
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Net Cash Flow From Operating Activities |
0.9 |
2.1 |
5.2 |
-12.2 |
14.9 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.2 |
-0.2 |
-0.3 |
-0.5 |
0.0 |
|
Taxation |
-0.1 |
-0.1 |
0.0 |
-0.1 |
-0.4 |
|
Capital Expenditures |
-0.1 |
-0.1 |
-0.2 |
-4.9 |
-14.2 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
-1.2 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-0.8 |
-0.7 |
-1.2 |
13.4 |
0.0 |
|
Increase in Cash |
-0.4 |
1.0 |
3.6 |
-4.4 |
-0.9 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2012 |
02-Apr-2011 |
02-Apr-2010 |
29-Mar-2009 |
30-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.623791 |
0.654343 |
0.698153 |
0.502715 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
3.02 |
2.92 |
1.98 |
1.32 |
0.50 |
|
Liquidity Ratio |
1.45 |
1.85 |
1.37 |
0.53 |
0.32 |
|
Stock Turnover |
5.68 |
9.72 |
12.57 |
3.77 |
9.00 |
|
Credit Period (Days) |
43.38 |
45.80 |
46.06 |
49.62 |
48.52 |
|
Working Capital by Sales |
22.67% |
18.41% |
12.75% |
10.69% |
-31.18% |
|
Trade Credit by Debtors |
0.21 |
0.23 |
0.16 |
0.32 |
0.25 |
|
Return on Capital |
7.85% |
5.58% |
8.78% |
1.31% |
31.68% |
|
Return on Assets |
7.00% |
5.03% |
7.58% |
0.95% |
10.38% |
|
Profit Margin |
7.25% |
4.89% |
7.19% |
1.16% |
9.62% |
|
Return on Shareholders Funds |
17.41% |
14.04% |
24.18% |
4.31% |
34.23% |
|
Borrowing Ratio |
120.05% |
147.74% |
195.84% |
318.63% |
13.58% |
|
Equity Gearing |
40.22% |
35.83% |
31.33% |
22.07% |
30.33% |
|
Debt Gearing |
104.76% |
132.00% |
162.69% |
216.96% |
- |
|
Interest Coverage |
7.28 |
4.30 |
5.91 |
0.46 |
38.66 |
|
Sales by Tangible Assets |
1.44 |
1.45 |
1.45 |
1.29 |
1.62 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.1 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Sales per Employee |
0.8 |
0.8 |
0.8 |
0.7 |
0.8 |
|
Capital Employed per Employee |
0.7 |
0.7 |
0.6 |
0.6 |
0.3 |
|
Tangible Assets per Employee |
0.6 |
0.6 |
0.5 |
0.6 |
0.5 |
|
Total Assets per Employee |
0.8 |
0.8 |
0.7 |
0.9 |
0.8 |
|
Employee Remuneration by Sales |
4.92% |
4.52% |
4.29% |
4.19% |
4.43% |
|
Creditor Days (Cost of Sales Based) |
11.66 |
13.06 |
9.11 |
20.45 |
15.33 |
|
Creditor Days (Sales Based) |
9.26 |
10.35 |
7.40 |
15.98 |
12.28 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.35 |
|
UK Pound |
1 |
Rs.92.11 |
|
Euro |
1 |
Rs.78.59 |
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.