|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
I HOLLAND LTD. |
|
|
|
|
Registered Office : |
Meadow Lane Long Eaton Nottingham, NG10 2GD |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.07.2012 |
|
|
|
|
Date of Incorporation : |
03.02.1998 |
|
|
|
|
Com. Reg. No.: |
03503148 |
|
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|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Manufacture of tools |
|
|
|
|
No. of Employees : |
123 |
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 : |
No Complaints |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the
second largest economy in Europe after Germany. Over the past two decades, the
government has greatly reduced public ownership and contained the growth of
social welfare programs. Agriculture is intensive, highly mechanized, and
efficient by European standards, producing about 60% of food needs with less
than 2% of the labor force. The UK has large coal, natural gas, and oil
resources, but its oil and natural gas reserves are declining and the UK became
a net importer of energy in 2005. Services, particularly banking, insurance,
and business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. After emerging from recession in
1992, Britain's economy enjoyed the longest period of expansion on record
during which time growth outpaced most of Western Europe. In 2008, however, the
global financial crisis hit the economy particularly hard, due to the
importance of its financial sector. Sharply declining home prices, high
consumer debt, and the global economic slowdown compounded Britain's economic
problems, pushing the economy into recession in the latter half of 2008 and
prompting the then BROWN (Labour) government to implement a number of measures
to stimulate the economy and stabilize the financial markets; these include nationalizing
parts of the banking system, temporarily cutting taxes, suspending public
sector borrowing rules, and moving forward public spending on capital projects.
Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led
coalition government (between Conservatives and Liberal Democrats) initiated a
five-year austerity program, which aimed to lower London's budget deficit from
over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of
the Exchequer George OSBORNE announced additional austerity measures through
2017 because of slower-than-expected economic growth and the impact of the
euro-zone debt crisis. The CAMERON government raised the value added tax from
17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21%
by 2014. The Bank of England (BoE) implemented an asset purchase program of up
to £375 billion (approximately $605 billion) as of December 2012. During times
of economic crisis, the BoE coordinates interest rate moves with the European Central
Bank, but Britain remains outside the European Economic and Monetary Union
(EMU). In 2012, weak consumer spending and subdued business investment weighed
on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high
at 7.7% of GDP. Public debt continued to increase
Source
: CIA
I Holland Ltd.
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Business
Description
|
I Holland Ltd. is a supplier of tablet compression tools to
pharmaceutical, nutraceutical and confectionery industries around the world.
The company’s range of punch and die-tooling maintenance products include
ultrasonic cleaners, tablet punch polishing machines, punch and die
validation systems, utility storage systems and punch bellows. It also offers
hardness testing equipment for use in the production and quality control
areas of pharmaceutical companies. In addition, it sells tablet compression
and tension testing equipment, feed frames and feeder systems, pressure
rollers, pins and bushes and electrical components. The company’s website
provides online product catalogue and shopping facility to its customers. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
2299 - Other Fabricated Metal Product Manufacturing
Not Elsewhere Classified |
|
NACE 2002: |
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NAICS 2002: |
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|
UK SIC 2003: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
Key Executives
|
Financial
Summary
|
||||||||||||||||||||||
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.633217
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6373146
|
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I Holland Ltd. |
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|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Nottingham |
United Kingdom |
Business Services |
26.8 |
125 |
|
|
Subsidiary |
Nottingham |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Nottingham |
United Kingdom |
Personal and Household Products |
26.8 |
123 |
|
|
Subsidiary |
Nottingham |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Nottingham |
United Kingdom |
Nonclassifiable Industries |
|
|
Executives
Report
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Return Date: 03 Feb 2013
Total Issued Capital (GBP 000): 1,000
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
09 Mar 1966 |
85 Arun Dale, Mansfield Woodhouse, |
01 Jun 2004 |
NA |
Current:6 |
|
|
|
Current |
03 Jan 1961 |
Coppice Corner Aston Hall Drive, Aston On Trent, |
09 Mar 1998 |
NA |
Current:5 |
|
|
|
Current |
26 Feb 1955 |
21A Primrose Lane, Kirkburton, |
20 Oct 2003 |
NA |
Current:3 |
|
|
|
Current |
20 Aug 1961 |
Meadow Lane, Long Eaton, |
01 May 2013 |
NA |
Current:2 |
|
|
|
Current |
17 Feb 1969 |
Meadow Lane, Long Eaton, |
06 May 2013 |
NA |
Current:2 |
|
|
|
Current |
24 May 1952 |
70 High Road, Toton Beeston, |
09 Mar 1998 |
NA |
Current:3 |
|
|
|
Previous |
26 Aug 1951 |
Ford Cottage 17 Milton Road, Willen Village, |
03 Feb 1998 |
13 Feb 1998 |
Current:0 |
|
|
|
Previous |
11 Jun 1961 |
190 Broadway, |
19 Aug 2002 |
28 Feb 2003 |
Current:1 |
|
|
|
Previous |
29 Jul 1946 |
40 Rayneham Road, |
09 Mar 1998 |
08 Nov 2001 |
Current:0 |
|
|
|
Previous |
08 Jul 1939 |
15 Hamilton Drive, Radcliffe On Trent, |
09 Mar 1998 |
22 Sep 2004 |
Current:0 |
|
|
|
Previous |
18 Nov 1945 |
C/O Cobra Bio-Manufacturing Plc, The Science Pk University Of Keele, |
13 Feb 1998 |
06 Apr 2013 |
Current:3 |
|
|
|
|
|
||||||
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|
||||||
|
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|
|
|
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 |
09 Mar 1966 |
85 Arun Dale, Mansfield Woodhouse, |
23 Mar 2004 |
NA |
Current:6 |
|
|
|
Previous |
29 Jul 1946 |
40 Rayneham Road, |
13 Feb 1998 |
08 Nov 2001 |
Current:0 |
|
|
|
Previous |
24 May 1952 |
70 High Road, Toton Beeston, |
31 Oct 2001 |
23 Mar 2004 |
Current:3 |
|
|
|
Previous |
NA |
213 Harborough Road, Kingsthorpe, |
03 Feb 1998 |
13 Feb 1998 |
Current:0 |
|
|
|
|
|
||||||
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|
||||||
|
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|
|
|
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|
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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 |
|
Cognoisette |
1000000 Ordinary GBP 1.00 |
Ordinary |
1,000,000 |
1.00 |
1,000,000.00 |
100.00 |
|
|
|
|
|
|
|
|
|
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-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.633217 |
0.626063 |
0.637195 |
0.636663 |
0.500129 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
3.1 |
2.4 |
2.0 |
1.7 |
- |
|
Turnover (Exports) |
23.7 |
21.6 |
18.6 |
17.7 |
- |
|
Total Turnover |
26.8 |
24.1 |
20.6 |
19.3 |
- |
|
Cost of Sales |
14.7 |
12.2 |
10.9 |
10.3 |
- |
|
Gross Profit |
12.1 |
11.8 |
9.6 |
9.0 |
9.6 |
|
Depreciation |
0.7 |
0.7 |
0.7 |
0.7 |
0.9 |
|
Other Expenses |
8.4 |
9.9 |
8.9 |
7.3 |
8.4 |
|
Operating Profit |
3.7 |
1.9 |
0.7 |
1.7 |
1.1 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Exceptional Income |
-0.5 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
2.9 |
1.8 |
0.6 |
1.6 |
0.9 |
|
Tax Payable / Credit |
0.2 |
0.1 |
0.2 |
0.4 |
0.4 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Profit After Taxes |
2.7 |
1.7 |
0.4 |
1.2 |
0.4 |
|
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 |
|
Number of Employees |
123 |
117 |
112 |
111 |
117 |
|
Wages |
6.4 |
6.0 |
5.7 |
5.4 |
6.2 |
|
Social Security Costs |
0.7 |
0.6 |
0.6 |
0.5 |
0.6 |
|
Pensions |
0.5 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
1.0 |
0.7 |
0.5 |
0.5 |
0.6 |
|
Employees Remuneration |
8.1 |
7.3 |
6.7 |
6.4 |
7.4 |
|
Directors Emoluments |
0.3 |
0.3 |
0.8 |
0.8 |
0.8 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.8 |
0.6 |
0.9 |
0.9 |
0.9 |
|
Highest Paid Director |
0.3 |
0.2 |
0.3 |
0.3 |
0.3 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.637315 |
0.609199 |
0.638529 |
0.603191 |
0.504821 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.5 |
0.6 |
0.6 |
0.6 |
0.8 |
|
Fixtures & Fittings |
0.6 |
0.6 |
0.5 |
0.6 |
0.7 |
|
Plant & Vehicles |
2.8 |
2.6 |
2.2 |
2.3 |
2.9 |
|
Total Tangible Fixed Assets |
3.9 |
3.8 |
3.3 |
3.5 |
4.4 |
|
Intangible Assets |
2.1 |
2.6 |
2.9 |
3.4 |
4.6 |
|
Investments |
2.2 |
2.3 |
2.1 |
2.2 |
2.6 |
|
Total Fixed Assets |
8.2 |
8.7 |
8.2 |
9.1 |
11.6 |
|
Stocks |
2.0 |
2.0 |
0.9 |
1.4 |
1.2 |
|
Work in Progress |
0.3 |
0.4 |
0.2 |
0.2 |
0.2 |
|
Total Stocks Work In Progress |
2.4 |
2.4 |
1.1 |
1.6 |
1.4 |
|
Trade Debtors |
3.5 |
3.5 |
2.8 |
2.8 |
3.0 |
|
Inter-Company Debtors |
9.5 |
7.6 |
5.2 |
3.9 |
1.0 |
|
Other Debtors |
0.4 |
0.4 |
0.4 |
0.4 |
0.7 |
|
Total Debtors |
13.4 |
11.5 |
8.3 |
7.1 |
4.7 |
|
Cash and Equivalents |
0.4 |
0.4 |
0.8 |
0.3 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
16.1 |
14.3 |
10.3 |
9.0 |
6.1 |
|
Total Assets |
24.3 |
23.0 |
18.5 |
18.1 |
17.7 |
|
Trade Creditors |
2.4 |
2.3 |
1.5 |
2.1 |
2.4 |
|
Bank Overdraft |
0.4 |
0.3 |
0.1 |
0.2 |
1.1 |
|
Inter-Company Creditors |
0.6 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.1 |
0.3 |
0.1 |
0.2 |
|
Total Short Term Loans |
0.7 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
2.3 |
2.2 |
1.9 |
1.8 |
1.5 |
|
Social Security/VAT |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Corporation Tax |
0.1 |
0.1 |
0.2 |
0.6 |
0.4 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.1 |
0.0 |
0.7 |
0.9 |
0.0 |
|
Total Current Liabilities |
6.8 |
5.6 |
4.9 |
5.9 |
5.9 |
|
Group Loans (Long Term Liability) |
2.1 |
2.2 |
2.1 |
2.2 |
2.6 |
|
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 |
0.0 |
0.1 |
0.4 |
0.3 |
|
Other Long Term Loans |
2.5 |
4.6 |
2.9 |
1.1 |
0.1 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
4.6 |
6.9 |
5.2 |
3.6 |
3.0 |
|
Deferred Taxation |
0.3 |
0.3 |
0.3 |
0.3 |
0.6 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.3 |
0.3 |
0.3 |
0.3 |
0.6 |
|
Issued Capital |
1.6 |
1.6 |
1.6 |
1.7 |
2.0 |
|
Share Premium Accounts |
3.7 |
3.9 |
3.7 |
3.9 |
4.7 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
7.2 |
4.7 |
2.9 |
2.6 |
1.6 |
|
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 |
12.5 |
10.3 |
8.1 |
8.2 |
8.3 |
|
Net Worth |
10.4 |
7.7 |
5.3 |
4.8 |
3.7 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.633217 |
0.626063 |
0.637195 |
0.636663 |
0.500129 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
2.9 |
0.7 |
0.3 |
3.0 |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.2 |
-0.2 |
-0.1 |
-0.1 |
- |
|
Taxation |
-0.1 |
-0.2 |
-0.5 |
-0.3 |
- |
|
Capital Expenditures |
-1.6 |
-1.4 |
-0.4 |
-0.4 |
- |
|
Acquisitions and Disposals |
0.0 |
-0.1 |
0.0 |
0.0 |
- |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Net Cash Flow From Financing |
-1.1 |
1.4 |
1.5 |
-2.2 |
- |
|
Increase in Cash |
-0.1 |
0.2 |
0.8 |
0.0 |
- |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.637315 |
0.609199 |
0.638529 |
0.603191 |
0.504821 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
2.35 |
2.58 |
2.09 |
1.51 |
1.05 |
|
Liquidity Ratio |
2.01 |
2.14 |
1.86 |
1.25 |
0.80 |
|
Stock Turnover |
11.26 |
10.12 |
17.96 |
12.93 |
- |
|
Credit Period (Days) |
47.55 |
51.54 |
49.06 |
50.27 |
- |
|
Working Capital by Sales |
34.76% |
35.55% |
26.31% |
14.94% |
- |
|
Trade Credit by Debtors |
0.68 |
0.67 |
0.54 |
0.75 |
0.79 |
|
Return on Capital |
16.58% |
10.40% |
4.43% |
14.24% |
7.78% |
|
Return on Assets |
11.91% |
7.89% |
3.25% |
9.58% |
5.20% |
|
Profit Margin |
10.87% |
7.34% |
2.94% |
8.51% |
- |
|
Return on Shareholders Funds |
23.12% |
17.70% |
7.41% |
21.18% |
11.13% |
|
Borrowing Ratio |
61.65% |
98.23% |
104.36% |
82.55% |
116.49% |
|
Equity Gearing |
51.53% |
44.58% |
43.85% |
45.22% |
46.68% |
|
Debt Gearing |
44.32% |
89.60% |
96.57% |
76.36% |
80.66% |
|
Interest Coverage |
12.11 |
11.17 |
5.53 |
22.62 |
4.24 |
|
Sales by Tangible Assets |
6.81 |
6.52 |
6.29 |
5.81 |
- |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
- |
|
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 |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Employee Remuneration by Sales |
30.00% |
30.52% |
32.70% |
33.07% |
- |
|
Creditor Days (Cost of Sales Based) |
59.11 |
67.95 |
50.33 |
70.17 |
- |
|
Creditor Days (Sales Based) |
32.38 |
34.51 |
26.70 |
37.48 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.91.82 |
|
Euro |
1 |
Rs.78.23 |
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.