MIRA
INFORM REPORT
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Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
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Name : |
HAMBLE DISTRIBUTION LTD. |
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Registered Office : |
15 Ashley Street Glasgow, G3 6DR |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
23.09.1981 |
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Com. Reg. No.: |
SC076058 |
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Legal Form : |
Private Parent |
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Line of Business : |
Importing and distribution our own branded products under the following trade names, blackspur, kingavon, pro user, ashley housewares, green blade andredwood leisure. |
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No. of Employees : |
84 |
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 : |
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) |
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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 and address
HAMBLE DISTRIBUTION LTD.
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15 Ashley Street Glasgow, G3 6DR United Kingdom (Trading Address)
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Business Description
Importing and distribution our own branded products under the following trade names, blackspur, kingavon, pro user, ashley housewares, green blade andredwood leisure.
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
423990 -
Other Miscellaneous Durable Goods Merchant Wholesalers |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Anne Davidson |
Secretary |
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Jacqueline Evans |
Director |
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Adrian Richard Hammond |
Director |
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David Calum Robertson |
Director |
Financial Summary
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FYE: 31-Dec-2012 |
USD (mil) |
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Key Figures |
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Current Assets |
12.83 |
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Fixed Assets |
2.19 |
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Total Liabilities |
2.21 |
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Net Worth |
12.81 |
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Key Ratios |
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Current Ratio |
5.80 |
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Acid Test |
3.54 |
Registered No.(UK): SC076058
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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3739 |
- |
Other Goods Wholesaling Not
Elsewhere Classified |
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NACE
2002 Codes: |
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5190 |
- |
Other wholesale |
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NAICS
2002 Codes: |
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423990 |
- |
Other Miscellaneous Durable
Goods Merchant Wholesalers |
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US
SIC 1987: |
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5099 |
- |
Durable Goods, Not
Elsewhere Classified |
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UK
SIC 2003: |
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5190 |
- |
Other wholesale |
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UK
SIC 2007: |
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4690 |
- |
Non-specialised wholesale
trade |
Importing and distribution
our own branded products under the following trade names, blackspur, kingavon,
pro user, ashley housewares, green blade andredwood leisure.
More Business Descriptions
Durable goods (wholesale)
Distribution Service
Providers
Over the last few years the
showroom facility at our Wolverhampton warehouse has been greatly extended. As
well as the original 1840 square foot showroom we also now have a separate
garden tools and leisure showroom. Every product in the range is on display and
all customers are welcome to visit at any time. We promise you will not be
disappointed! Please contact your Blackspur area sales manager to arrange a
visit now. Why buy from Hamble? >> Established over 25 years >>
Huge choice and variety of product >> Highly visible branded packaging
>> Dynamic promotional products >> Highest levels of service,
availability and efficiency in the market place >> 75,000 square foot
warehouse with over 6000 pallet positions >> Unrivalled average stock
availability >> 12 month no quibble guarantee >> Over 20 years of
buying experience in the Far East >> A service based culture where you,
the customer, are the number one priority All of these factors ensure we offer
the most competitive package in the industry View our catalogues
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Auditor: |
Prentice Tait Ltd. |
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Bank: |
Lloyds Tsb Scotland PLC |
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Auditor: |
Prentice Tait Ltd. |
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Auditor History |
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Prentice Tait Ltd. |
31-Dec-2012 |
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Brechin Cole Hamilton & Co |
31-Dec-2011 |
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Brechin Cole Hamilton And Co |
31-Dec-2010 |
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Brechin, Cole Hamilton And Co |
31-Dec-2009 |
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Brechin, Cole Hamilton And Co |
31-Dec-2008 |
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GBP(mil) |
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Audit Fees: |
0.0 |
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Audit Fiscal Year: |
12-31-2012 |
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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Secretary |
Company Secretary |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01413323232 |
Annual Return Date: 21
May 2013 |
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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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Current |
25 Dec 1964 |
15 Ashley Street, Glasgow, |
01 Jan 2010 |
NA |
Current:1 |
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Current |
21 May 1965 |
15 Ashley Street, Glasgow, |
01 Jan 2010 |
NA |
Current:1 |
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Current |
26 Jan 1967 |
15 Ashley Street, Glasgow, |
16 Jul 1996 |
NA |
Current:1 |
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Current |
05 Jul 1958 |
15 Ashley Street, Glasgow, |
16 Jul 1996 |
NA |
Current:1 |
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Previous |
20 Dec 1943 |
158 Ayr Road, Newton Mearns, |
25 Jan 1989 |
22 Mar 2004 |
Current:0 |
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Previous |
03 Dec 1939 |
6 Loanfoot Park, Aberuthven, |
25 Jan 1989 |
26 Jan 2000 |
Current:0 |
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Previous |
06 Feb 1936 |
9 Seyton Avenue, Giffnock, |
25 Jan 1989 |
30 Nov 1994 |
Current:0 |
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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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Current |
21 May 1965 |
15 Ashley Street, Glasgow, |
22 Mar 2004 |
NA |
Current:1 |
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Previous |
20 Dec 1943 |
158 Ayr Road, Newton Mearns, |
25 Jan 1989 |
22 Mar 2004 |
Current:0 |
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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 |
|
Adrian Hammond |
962 Ordinary GBP 1.00 |
Ordinary |
962 |
1.00 |
962.00 |
50.00 |
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David Robertson |
962 Ordinary GBP 1.00 |
Ordinary |
962 |
1.00 |
962.00 |
50.00 |
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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)
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|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631174 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
25.5 |
27.7 |
25.9 |
25.0 |
- |
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Turnover (Exports) |
2.3 |
3.0 |
2.5 |
1.9 |
- |
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Total Turnover |
27.8 |
30.7 |
28.4 |
26.9 |
25.8 |
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Cost of Sales |
19.2 |
21.3 |
19.9 |
18.9 |
17.4 |
|
Gross Profit |
8.6 |
9.4 |
8.5 |
8.0 |
8.4 |
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Depreciation |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Other Expenses |
6.8 |
7.4 |
6.6 |
7.8 |
8.8 |
|
Operating Profit |
1.8 |
- |
1.9 |
0.1 |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
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 |
1.8 |
2.0 |
1.9 |
0.1 |
-0.3 |
|
Tax Payable / Credit |
0.4 |
0.5 |
0.5 |
0.0 |
0.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.5 |
0.0 |
1.7 |
0.4 |
0.0 |
|
Profit After Taxes |
0.8 |
1.5 |
-0.4 |
-0.3 |
-0.2 |
|
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 |
84 |
79 |
82 |
85 |
87 |
|
Wages |
3.4 |
3.3 |
3.1 |
3.2 |
4.0 |
|
Social Security Costs |
0.4 |
0.3 |
0.3 |
0.3 |
0.1 |
|
Pensions |
- |
- |
0.1 |
0.1 |
0.1 |
|
Other Pension Costs |
0.1 |
0.5 |
0.1 |
0.1 |
0.1 |
|
Employees Remuneration |
3.9 |
4.1 |
3.6 |
3.6 |
4.1 |
|
Directors Emoluments |
- |
- |
- |
- |
0.7 |
|
Other Costs |
- |
- |
0.7 |
0.6 |
0.0 |
|
Directors Remuneration |
0.7 |
1.0 |
0.8 |
0.6 |
0.8 |
|
Highest Paid Director |
0.2 |
0.4 |
0.2 |
0.3 |
0.4 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
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 |
|
|
|
|
|
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|
Land & Buildings |
1.8 |
1.8 |
2.2 |
2.3 |
2.1 |
|
Fixtures & Fittings |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Plant & Vehicles |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Total Tangible Fixed Assets |
2.2 |
2.1 |
2.5 |
2.8 |
2.6 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.9 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
2.2 |
2.1 |
2.5 |
2.8 |
3.5 |
|
Stocks |
5.0 |
5.3 |
5.3 |
4.8 |
3.9 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
5.0 |
5.3 |
5.3 |
4.8 |
3.9 |
|
Trade Debtors |
5.1 |
5.8 |
4.9 |
4.6 |
3.7 |
|
Inter-Company Debtors |
- |
0.0 |
0.0 |
- |
- |
|
Director Loans |
- |
0.0 |
0.0 |
- |
- |
|
Other Debtors |
0.3 |
0.3 |
0.2 |
0.3 |
0.2 |
|
Total Debtors |
5.4 |
6.1 |
5.1 |
4.9 |
3.9 |
|
Cash and Equivalents |
2.4 |
0.8 |
1.9 |
0.9 |
1.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
12.8 |
12.2 |
12.3 |
10.6 |
8.8 |
|
Total Assets |
15.0 |
14.4 |
14.8 |
13.4 |
12.2 |
|
Trade Creditors |
0.8 |
1.0 |
1.6 |
1.5 |
0.5 |
|
Bank Overdraft |
- |
- |
- |
0.0 |
0.0 |
|
Inter-Company Creditors |
- |
- |
- |
0.0 |
- |
|
Director Loans (Current Liability) |
0.0 |
0.3 |
1.2 |
0.0 |
- |
|
Hire Purchase (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Finance Lease (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Total Short Term Loans |
- |
- |
- |
0.0 |
- |
|
Accruals/Deferred Income (Current Liability) |
- |
- |
- |
0.7 |
- |
|
Social Security/VAT |
0.3 |
0.3 |
0.1 |
0.0 |
0.1 |
|
Corporation Tax |
0.4 |
0.5 |
0.6 |
0.0 |
0.0 |
|
Dividends (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Other Current Liabilities |
0.7 |
0.8 |
0.9 |
0.0 |
1.4 |
|
Total Current Liabilities |
2.2 |
2.9 |
4.4 |
2.2 |
2.0 |
|
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 |
0.0 |
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 |
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 |
0.3 |
0.3 |
0.7 |
0.8 |
0.7 |
|
Retained Earnings |
12.3 |
11.0 |
9.6 |
10.2 |
9.4 |
|
Other Reserves |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
12.8 |
11.5 |
10.5 |
11.2 |
10.2 |
|
Net Worth |
12.8 |
11.5 |
10.5 |
11.2 |
9.4 |
Annual
Cash Flows
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 (Period
Average) |
0.631174 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
3.0 |
0.5 |
1.6 |
1.2 |
-2.2 |
|
Net Cash Flow from ROI and Servicing of Finance |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Taxation |
-0.5 |
-0.6 |
0.0 |
0.0 |
-0.6 |
|
Capital Expenditures |
-0.2 |
-0.1 |
0.0 |
-1.0 |
-1.5 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-0.5 |
0.0 |
-1.7 |
-0.4 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-0.3 |
-1.0 |
1.2 |
0.0 |
0.0 |
|
Increase in Cash |
1.6 |
-1.1 |
1.0 |
-0.2 |
-4.1 |
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 |
5.80 |
4.28 |
2.81 |
4.84 |
4.34 |
|
Liquidity Ratio |
3.54 |
2.41 |
1.60 |
2.66 |
2.43 |
|
Stock Turnover |
5.66 |
5.57 |
5.41 |
5.86 |
5.24 |
|
Credit Period (Days) |
65.49 |
70.85 |
61.90 |
60.58 |
66.76 |
|
Working Capital by Sales |
37.50% |
31.49% |
27.57% |
30.04% |
33.37% |
|
Trade Credit by Debtors |
0.15 |
0.17 |
0.33 |
0.32 |
0.15 |
|
Return on Capital |
14.01% |
17.06% |
18.07% |
1.12% |
-1.96% |
|
Return on Assets |
11.94% |
13.66% |
12.75% |
0.93% |
-1.63% |
|
Profit Margin |
6.34% |
6.58% |
6.58% |
0.45% |
-0.99% |
|
Return on Shareholders Funds |
14.01% |
17.06% |
18.07% |
1.12% |
-1.96% |
|
Borrowing Ratio |
- |
2.51% |
11.72% |
- |
- |
|
Equity Gearing |
85.27% |
80.07% |
70.53% |
83.65% |
83.47% |
|
Interest Coverage |
7,306.73 |
713.11 |
6,194.70 |
6.76 |
-8.92 |
|
Sales by Tangible Assets |
12.92 |
14.14 |
11.35 |
9.97 |
7.81 |
|
Average Remuneration per Employee |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.3 |
0.4 |
0.4 |
0.3 |
0.2 |
|
Capital Employed per Employee |
0.2 |
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 |
0.1 |
|
Employee Remuneration by Sales |
13.98% |
13.40% |
12.57% |
13.31% |
16.03% |
|
Creditor Days (Cost of Sales Based) |
14.11 |
16.92 |
29.29 |
27.31 |
14.55 |
|
Creditor Days (Sales Based) |
9.75 |
11.73 |
20.51 |
19.24 |
9.81 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.