MIRA INFORM REPORT
|
Report Date : |
21.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
AGRICULTURAL & INDUSTRIAL PARTS CO.
LIMITED |
|
|
|
|
Registered Office : |
9 Wassage Way, Hampton Lovett Industrial Esate, Droitwich, Wr9 0xn |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
08.08.2007 |
|
|
|
|
Com. Reg. No.: |
06337626 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesaler of agricultural machinery & accessories &
implements, including tractors |
|
|
|
|
No. of Employees : |
Not Available |
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 |
Company name & address
|
Company Name: |
AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED |
|
Company No: |
06337626 |
|
Registered Address: |
|
9 WASSAGE WAY |
|
HAMPTON LOVETT INDUSTRIAL ESATE |
|
DROITWICH |
|
WR9 0XN |
Company summary
|
Company Name |
AGRICULTURAL & INDUSTRIAL PARTS CO.
LIMITED |
Company Number |
06337626 |
|
Registered
Address |
9 WASSAGE WAY |
Trading Address |
9 Wassage Way |
|
|
HAMPTON LOVETT INDUSTRIAL ESATE |
|
|
|
|
DROITWICH |
|
|
|
|
WR9 0XN |
|
|
|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number |
01905795600 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
08/08/2007 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
28/03/2013 |
|
|
|
Share Capital |
£2,002 |
|
SIC03 |
5188 |
Currency |
GBP |
|
SIC03 Description |
Wholesale of agricultural machinery & accessories & implements,
including tractors |
||
|
SIC07 |
46610 |
||
|
SIC07 Description |
WHOLESALE OF AGRICULTURAL MACHINERY, EQUIPMENT AND SUPPLIES |
||
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The credit limit on this company has risen 26.7% in comparison to the
previously suggested credit limit. |
|
|
There is insufficient data to indicate a change in this companies
percentage of sales. |
|
|
Net Worth increased by 47.5% during the latest trading period. |
|
|
A 26.2% growth in Total Assets occurred during the latest trading
period. |
|
|
There is insufficient data to indicate a change in this companies
pre-tax profit. |
|
|
The company saw an increase in their Cash Balance of 31.3% during the
latest trading period. |
|
|
The company is exempt from audit. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is part of a group. |
|
|
The movement in accumulated earnings would indicate that the company made
a profit after tax and other appropriations, including dividends. |
|
|
The company was established over 5 years ago. |
|
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/09/2012 |
- |
- |
£551,186 |
- |
|
30/09/2011 |
- |
- |
£373,811 |
- |
|
30/09/2010 |
- |
- |
£220,941 |
- |
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady ImprovingWorsening |
Be the first to leave a payment experience Within Terms91+ Days |
|
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
|
|
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
|
|
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
|
|
|
Total Number of Writs - |
- |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
|
Outstanding |
5 |
|
Satisfied |
1 |
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
3 |
Current Directors
|
Name |
Date of Birth |
25/06/1960 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
01/01/2008 |
|
|
|
Address |
Maesmellan, New Radnor, Presteigne, Powys, LD8 2TN |
||
|
|
|
|
|
|
Name |
Date of Birth |
11/04/1941 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
08/08/2007 |
|
|
|
Address |
25 Oakdene, Ascot, Berkshire, SL5 0BU |
||
|
|
|
|
|
|
Name |
Date of Birth |
12/07/1965 |
|
|
Officers Title |
Mr |
Nationality |
Australian |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/01/2008 |
|
|
|
Address |
5 Honeymans Gardens, Droitwich, Worcestershire, WR9 9AD |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
25/06/1960 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
01/12/2007 |
|
|
|
Address |
Maesmellan, New Radnor, Presteigne, Powys, LD8 2TN |
||
|
|
|
|
|
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
|
|
JOHN ALBERT BENCE |
GBP |
800 |
ORDINARY A |
1 |
|
STEVEN CLIVE COLLINS |
GBP |
600 |
ORDINARY A |
1 |
|
STARFISH ENTERPRISES SA |
GBP |
400 |
ORDINARY A |
1 |
|
AMANDA JAYNE GIORDANO |
GBP |
200 |
ORDINARY A |
1 |
|
STEVEN CLIVE COLLINS |
GBP |
1 |
ORDINARY C |
0.5 |
|
AMANDA JAYNE GIORDANO |
GBP |
1 |
ORDINARY D |
0.1 |
|
JOHN ALBERT BENCE |
GBP |
1 |
ORDINARY B |
1 |
Unable to report percentage holdings as filed Shareholder
listing is not full.
Profit & Loss
|
Date Of Accounts |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
30/09/08 |
|
Weeks |
52 |
52 |
52 |
52 |
60 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Consolidated A/cs |
N |
N |
N |
N |
N |
|
Turnover |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
|
Depreciation |
£7,542 |
£8,449 |
£7,778 |
£9,279 |
£8,966 |
|
Audit Fees |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
30/09/08 |
|
Tangible Assets |
£88,629 |
£91,347 |
£66,038 |
£70,054 |
£76,624 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
£88,629 |
£91,347 |
£66,038 |
£70,054 |
£76,624 |
|
Stock |
£1,621,395 |
£1,237,505 |
£904,958 |
£683,848 |
£452,557 |
|
Trade Debtors |
£1,540,867 |
£1,252,128 |
£907,888 |
£493,889 |
£439,719 |
|
Cash |
£162,087 |
£123,486 |
£19,244 |
£469 |
£172 |
|
Other Debtors |
0 |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
0 |
|
Total Current Assets |
£3,324,349 |
£2,613,119 |
£1,832,090 |
£1,178,206 |
£892,448 |
|
Trade Creditors |
£1,915,830 |
£1,167,441 |
£579,991 |
£576,176 |
£467,754 |
|
Bank Loans & Overdrafts |
0 |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
0 |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Liabilities |
0 |
0 |
0 |
0 |
0 |
|
Total Current Liabilities |
£1,915,830 |
£1,167,441 |
£579,991 |
£576,176 |
£467,754 |
|
Bank Loans & Overdrafts and LTL |
£945,962 |
£1,163,214 |
£1,097,196 |
£520,000 |
£520,000 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
£945,962 |
£1,163,214 |
£1,097,196 |
£520,000 |
£520,000 |
Capital & Reserves
|
Date Of Accounts |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
30/09/08 |
|
Called Up Share Capital |
£2,002 |
£2,002 |
£2,002 |
£2,002 |
£1,113 |
|
P & L Account Reserve |
£429,584 |
£252,209 |
£99,339 |
£30,482 |
-£19,795 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£119,600 |
£119,600 |
£119,600 |
£119,600 |
- |
|
Shareholder Funds |
£551,186 |
£373,811 |
£220,941 |
£152,084 |
-£18,682 |
Other Financial Items
|
Date Of Accounts |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
30/09/08 |
|
Net Worth |
£551,186 |
£373,811 |
£220,941 |
£152,084 |
-£18,682 |
|
Working Capital |
£1,408,519 |
£1,445,678 |
£1,252,099 |
£602,030 |
£424,694 |
|
Total Assets |
£3,412,978 |
£2,704,466 |
£1,898,128 |
£1,248,260 |
£969,072 |
|
Total Liabilities |
£2,861,792 |
£2,330,655 |
£1,677,187 |
£1,096,176 |
£987,754 |
|
Net Assets |
£551,186 |
£373,811 |
£220,941 |
£152,084 |
-£18,682 |
Miscellaneous
|
Date Of Accounts |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
30/09/08 |
|
|
|
Contingent Liability |
NO |
NO |
NO |
NO |
NO |
|
Capital Employed |
£1,497,148 |
£1,537,025 |
£1,318,137 |
£672,084 |
£501,318 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
|
|
Auditors |
|
|||||
|
Auditor Comments |
The company is exempt from audit |
|||||
Ratios
|
Date Of Accounts |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
30/09/08 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.74 |
2.24 |
3.16 |
2.04 |
1.91 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
171.60 |
311.20 |
496.60 |
341.90 |
-2783.40 |
|
Equity in % |
16.10 |
13.80 |
11.60 |
12.20 |
-1.90 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.88 |
1.17 |
1.59 |
0.85 |
0.94 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
3.47 |
3.12 |
2.62 |
3.78 |
-25.03 |
|
Total Debt Ratio |
5.19 |
6.23 |
7.59 |
7.20 |
-52.87 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
12/04/2013 |
New Accounts Filed |
|
12/04/2013 |
New Accounts Filed |
|
16/08/2012 |
Annual Returns |
|
23/01/2012 |
New Accounts Filed |
|
22/08/2011 |
Annual Returns |
|
07/03/2011 |
New Accounts Filed |
|
17/08/2010 |
Annual Returns |
|
08/02/2010 |
New Accounts Filed |
|
14/08/2009 |
Annual Returns |
|
19/01/2009 |
New Company Secretary Ms A.J. Giordano appointed |
|
04/01/2009 |
New Accounts Filed |
|
16/09/2008 |
Annual Returns |
|
16/09/2008 |
Change in Reg.Office |
|
16/09/2008 |
Change of Company Postcode |
|
11/02/2008 |
New Board Member Mr S.C. Collins appointed |
Previous Company Names
|
No Previous Names found |
Statistics
|
Group |
2 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED |
|
Ownership Status |
Ultimately Owned |
|
Ultimate Holding Company |
AGRICULTURAL & INDUSTRIAL PARTS CO. LIMITED |
Group structure
|
COMPANY NAME |
|
REGISTERED NUMBER |
LATEST KEY FINANCIALS |
CONSOL. ACCOUNTS |
TURNOVER |
|
|
|
06337626 |
30.09.2012 |
N |
|
|
|
|
05472624 |
31.08.2012 |
N |
|
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
LEGAL ASSIGNMENT |
||
|
Date Charge Created: |
17/08/11 |
|
|
|
Date Charge Registered: |
18/08/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ANY CREDIT BALANCE DUE UNDER THE CONTRACT
(THE CONTRACT MONIES) |
||
|
Mortgage Type: |
FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL
TO VEST |
||
|
Date Charge Created: |
13/07/11 |
|
|
|
Date Charge Registered: |
15/07/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
HSBC INVOICE FINANCE (UK) LTD (THE
SECURITY HOLDER) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS
PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO
ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE
COMPANY(INCLUDING ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST
EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON |
||
|
Mortgage Type: |
FLOATING CHARGE (ALL ASSETS) |
||
|
Date Charge Created: |
13/07/11 |
|
|
|
Date Charge Registered: |
15/07/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
HSBC INVOICE FINANCE (UK) LTD (THE
SECURITY HOLDER) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
BY WAY OF FLOATING CHARGE ALL THE
UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER
INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND
ASSOCIATED RIGHTS RELATING THERETO |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
27/06/11 |
|
|
|
Date Charge Registered: |
29/06/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING
GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT &
MACHINERY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
05/01/11 |
|
|
|
Date Charge Registered: |
08/01/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
STARFISH ENTERPRISE S.A. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING
GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, PLANT &
MACHINERY. SEE IMAGE FOR FULL DETAILS |
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|
Mortgage Type: |
DEBENTURE |
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|
Date Charge Created: |
15/02/08 |
|
|
|
Date Charge Registered: |
19/02/08 |
|
|
|
Date Charge Satisfied: |
25/02/12 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
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|
Amount Secured: |
|
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|
Details: |
FIXED AND FLOATING CHARGE OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL,
UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT AND MACHINERY |
||
Creditor Details
|
No Creditor Data |
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|
Total Value |
- |
|
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
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|
Total Value |
- |
|
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
129 |
497 |
|
|
0 |
2 |
|
|
0 |
2 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.04 |
|
UK Pound |
1 |
Rs.83.61 |
|
Euro |
1 |
Rs.70.68 |
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.