MIRA
INFORM REPORT
|
Report Date : |
13.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
MUUBAA LTD. |
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Registered Office : |
The Leather Shed, Unit 58 Mill Mead Road, London, N17 9QU |
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Country : |
United Kingdom |
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Financials (as on) : |
31.01.2012 |
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Date of Incorporation : |
17.02.1981 |
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Com. Reg. No.: |
01546128 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacture, wholesaling and retailing of suede, leather and sheepskin garments and lifestyle products |
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No. of Employees : |
19 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
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 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).
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Source : CIA |
Company name & address
Muubaa Ltd.
Unit 58 The Leather Shed
Mill Mead Road
London, N17 9QU
United Kingdom
(Trading Address)
Registered Address
Tel: 020 8960 6988
Web: www.wallacesacks.com
Synthesis
Employees: 19
Company Type: Private Independent
Quoted Status: Non-quoted Company
Incorporation Date:
17-Feb-1981
Auditor: A-Spire Business Partners
Financials in: USD
(Millions)
Fiscal Year End:
31-Jan-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 12.3
1
Net Income: 0.1
Total Assets: 5.9
Business Description
Manufacture, wholesaling and retailing of suede,
leather and sheepskin garments and lifestyle products.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1351 - Clothing
Manufacturing
NACE 2002: 1810 - Manufacture
of leather clothes
NAICS 2002: 315292 - Fur and
Leather Apparel Manufacturing
UK SIC 2003: 1810 - Manufacture
of leather clothes
UK SIC 2007: 1411 - Manufacture
of leather clothes
US SIC 1987: 2386 - Leather and
Sheep-Lined Clothing
Key Executives
|
Name |
Title |
|
Stephen David Sacks |
Secretary |
|
Christiana Nicolaou |
Director |
|
Wallace Harold Sacks |
Director |
|
Keith John Watson |
Director |
news
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Title |
Date |
|
The List: Fashion and beauty |
19-Nov-2012 |
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45 Gorgeous Leather Jackets You Can Wear
Forever |
5-Oct-2012 |
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Laurie Solet to Hold Muubaa Trunk Show
This Weekend |
6-Sep-2012 |
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We'll have whatever they're buying |
2-Sep-2012 |
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stm confidential |
26-Aug-2012 |
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Recycle Your Old Leather Jacket with
Muubaa and the British Red Cross |
3-Aug-2012 |
Financial Summary
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Registered No.(UK): 01546128
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6246957
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6375173
Corporate Overview
Location
Unit 58 The Leather Shed
Mill Mead Road
London, N17 9QU
London County
United Kingdom
Tel: 020 8960 6988
Web: www.wallacesacks.com
Sales GBP(mil): 7.7
Assets GBP(mil): 3.7
Employees: 19
Fiscal Year End: 31-Jan-2012
Industry: Apparel
and Accessories
Registered Address:
Unit 58 Mill Mead Road
London, N17 9QU
United Kingdom
Incorporation Date: 17-Feb-1981
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(UK): 01546128
Director: Keith
John Watson
Industry Codes
ANZSIC 2006 Codes:
1351 - Clothing Manufacturing
NACE 2002 Codes:
1810 - Manufacture of leather clothes
NAICS 2002 Codes:
315292 - Fur and Leather Apparel Manufacturing
US SIC 1987:
2386 - Leather and Sheep-Lined Clothing
UK SIC 2003:
1810 - Manufacture of leather clothes
UK SIC 2007:
1411 - Manufacture of leather clothes
Business
Description
Manufacture, wholesaling and retailing of suede, leather and sheepskin
garments and lifestyle products.
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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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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: 020
8960 6988 |
Annual Return Date: 31
Dec 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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Current |
04 Aug 1980 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
02 Jun 2011 |
NA |
Current:1 |
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|
Current |
11 May 1959 |
Dalehurst Orestan Lane, |
04 Dec 2012 |
NA |
Current:7 |
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Current |
08 Aug 1965 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
14 Jul 1994 |
NA |
Current:2 |
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Current |
10 Jan 1933 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
31 Dec 1991 |
NA |
Current:1 |
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Previous |
02 Sep 1959 |
51 Beech Avenue, |
03 Nov 2000 |
31 Jul 2003 |
Current:0 |
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Previous |
01 Nov 1967 |
196B Ladbroke Grove, |
01 Feb 2003 |
30 Jun 2004 |
Current:0 |
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Previous |
04 Apr 1968 |
28 Rosslyn Hill, Hampstead, |
07 Apr 1998 |
22 Jul 2005 |
Current:2 |
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Previous |
29 Sep 1971 |
First Floor 69 High Street, |
06 Jul 2004 |
04 Aug 2006 |
Current:1 |
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Previous |
17 Feb 1976 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
25 Jul 2005 |
14 Sep 2012 |
Current:0 |
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Previous |
29 Mar 1963 |
85 Burnthwaite Road, |
25 Jul 2005 |
30 Dec 2006 |
Current:0 |
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Previous |
05 Jan 1959 |
10 Hook Drive, |
02 Jul 2012 |
14 Dec 2012 |
Current:4 |
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Previous |
06 Nov 1940 |
The Pantiles, 34 Eastbury Road, |
31 Dec 1991 |
29 Apr 2002 |
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 |
08 Aug 1965 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
09 Apr 2009 |
NA |
Current:2 |
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Previous |
NA |
79 Carlton House, Canterbury Terrace Kilburn, |
06 Jul 2004 |
09 Apr 2009 |
Current:0 |
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Previous |
06 Nov 1940 |
The Pantiles, 34 Eastbury Road, |
31 Dec 1991 |
05 Jul 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 |
|
Gwenda Patricia Sacks |
28050 Ordinary GBP 1.00 |
Ordinary |
28,050 |
1.00 |
28,050.00 |
24.22 |
|
PAHWA International |
5790 Ordinary GBP 1.00 |
Ordinary |
5,790 |
1.00 |
5,790.00 |
5.00 |
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Stephen David Sacks |
53900 Ordinary GBP 1.00 |
Ordinary |
53,900 |
1.00 |
53,900.00 |
46.55 |
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Wallace Harold Sacks |
28050 Ordinary GBP 1.00 |
Ordinary |
28,050 |
1.00 |
28,050.00 |
24.22 |
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Corporate Shareholders |
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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),
|
|
31-Jan-2012 |
31-Jan-2011 |
31-Jan-2010 |
31-Jul-2008 |
31-Jul-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.624696 |
0.648787 |
0.635292 |
0.500129 |
0.513635 |
|
Consolidated |
No |
No |
No |
No |
No |
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|
Turnover (UK) |
- |
- |
- |
16.8 |
14.8 |
|
Turnover (Exports) |
- |
- |
- |
2.7 |
2.3 |
|
Total Turnover |
12.3 |
12.9 |
22.6 |
19.5 |
17.1 |
|
Cost of Sales |
7.9 |
9.1 |
16.8 |
13.6 |
12.0 |
|
Gross Profit |
4.4 |
3.8 |
5.8 |
5.9 |
5.0 |
|
Depreciation |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Other Expenses |
4.7 |
3.7 |
5.8 |
6.8 |
5.6 |
|
Operating Profit |
- |
0.1 |
- |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.1 |
1.3 |
0.7 |
|
Interest Paid |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Exceptional Income |
0.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
0.1 |
0.0 |
0.0 |
0.3 |
0.1 |
|
Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
0.1 |
0.0 |
0.0 |
0.2 |
0.0 |
|
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 |
- |
|
Number of Employees |
19 |
22 |
35 |
47 |
40 |
|
Wages |
1.0 |
1.2 |
2.5 |
2.5 |
2.3 |
|
Social Security Costs |
0.1 |
0.1 |
0.2 |
0.2 |
0.2 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
1.2 |
1.3 |
2.8 |
2.8 |
2.5 |
|
Directors Emoluments |
0.4 |
0.3 |
0.6 |
0.5 |
0.4 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.4 |
0.3 |
0.6 |
0.5 |
0.5 |
|
Highest Paid Director |
0.1 |
0.2 |
0.4 |
0.3 |
0.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Jan-2012 |
31-Jan-2011 |
31-Jan-2010 |
31-Jul-2008 |
31-Jul-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.637517 |
0.624317 |
0.624064 |
0.504821 |
0.492114 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.1 |
0.1 |
0.2 |
0.2 |
0.2 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
0.2 |
0.1 |
0.2 |
0.2 |
0.2 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
0.2 |
0.1 |
0.2 |
0.2 |
0.2 |
|
Stocks |
2.0 |
2.7 |
3.0 |
5.1 |
5.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
2.0 |
2.7 |
3.0 |
5.1 |
5.0 |
|
Trade Debtors |
3.3 |
3.2 |
1.3 |
2.5 |
2.0 |
|
Inter-Company Debtors |
- |
- |
0.0 |
0.0 |
0.0 |
|
Director Loans |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Debtors |
0.3 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Total Debtors |
3.6 |
3.4 |
1.4 |
2.5 |
2.2 |
|
Cash and Equivalents |
0.1 |
0.2 |
0.0 |
0.0 |
0.1 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
5.7 |
6.2 |
4.4 |
7.6 |
7.3 |
|
Total Assets |
5.9 |
6.4 |
4.6 |
7.8 |
7.5 |
|
Trade Creditors |
0.9 |
0.8 |
0.3 |
1.2 |
1.4 |
|
Bank Overdraft |
2.3 |
2.7 |
1.8 |
2.2 |
1.3 |
|
Hire Purchase (Current Liability) |
- |
- |
0.0 |
0.0 |
- |
|
Finance Lease (Current Liability) |
- |
- |
0.0 |
0.0 |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
- |
- |
0.0 |
0.0 |
- |
|
Accruals/Deferred Income (Current Liability) |
0.1 |
0.8 |
0.2 |
1.4 |
2.0 |
|
Social Security/VAT |
0.0 |
0.0 |
0.5 |
0.1 |
0.2 |
|
Corporation Tax |
0.0 |
- |
- |
0.1 |
0.0 |
|
Other Current Liabilities |
0.6 |
0.3 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
4.0 |
4.6 |
2.9 |
5.1 |
4.9 |
|
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 |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
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 |
1.7 |
1.6 |
1.6 |
2.5 |
2.3 |
|
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 |
1.8 |
1.8 |
1.8 |
2.7 |
2.6 |
|
Net Worth |
1.8 |
1.8 |
1.8 |
2.7 |
2.6 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Jan-2012 |
31-Jan-2011 |
31-Jan-2010 |
31-Jul-2008 |
31-Jul-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.624696 |
0.648787 |
0.635292 |
0.500129 |
0.513635 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.0 |
-0.7 |
0.3 |
-1.0 |
0.3 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
0.0 |
-0.1 |
-0.1 |
0.0 |
|
Taxation |
-0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Acquisitions and Disposals |
0.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
0.3 |
-0.7 |
0.0 |
-1.1 |
0.2 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Jan-2012 |
31-Jan-2011 |
31-Jan-2010 |
31-Jul-2008 |
31-Jul-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.637517 |
0.624317 |
0.624064 |
0.504821 |
0.492114 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.42 |
1.36 |
1.56 |
1.50 |
1.49 |
|
Liquidity Ratio |
0.92 |
0.78 |
0.50 |
0.50 |
0.46 |
|
Stock Turnover |
6.00 |
5.02 |
5.06 |
3.80 |
3.57 |
|
Credit Period (Days) |
99.08 |
87.88 |
30.24 |
46.48 |
41.54 |
|
Working Capital by Sales |
14.10% |
12.38% |
10.39% |
13.21% |
13.31% |
|
Trade Credit by Debtors |
0.29 |
0.24 |
0.25 |
0.51 |
0.69 |
|
Return on Capital |
4.85% |
1.36% |
0.61% |
10.44% |
2.75% |
|
Return on Assets |
1.53% |
0.39% |
0.24% |
3.66% |
0.95% |
|
Profit Margin |
0.75% |
0.18% |
0.07% |
1.48% |
0.40% |
|
Return on Shareholders Funds |
4.93% |
1.36% |
0.61% |
10.47% |
2.75% |
|
Borrowing Ratio |
124.43% |
148.74% |
101.92% |
82.89% |
48.71% |
|
Equity Gearing |
31.03% |
28.34% |
38.50% |
34.96% |
34.49% |
|
Debt Gearing |
- |
- |
- |
0.29% |
- |
|
Interest Coverage |
1.31 |
0.57 |
0.17 |
3.17 |
1.31 |
|
Sales by Tangible Assets |
76.87 |
93.55 |
79.91 |
99.42 |
87.74 |
|
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 |
0.6 |
0.6 |
0.4 |
0.4 |
0.4 |
|
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 |
0.3 |
0.3 |
0.1 |
0.2 |
0.2 |
|
Employee Remuneration by Sales |
9.50% |
10.42% |
12.19% |
14.33% |
14.81% |
|
Creditor Days (Cost of Sales Based) |
44.52 |
30.18 |
10.09 |
33.73 |
40.68 |
|
Creditor Days (Sales Based) |
28.62 |
21.33 |
7.51 |
23.53 |
28.73 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.34 |
|
UK Pound |
1 |
Rs.80.89 |
|
Euro |
1 |
Rs.70.73 |
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.