MIRA INFORM REPORT

 

 

Report Date :

27.11.2013

 

IDENTIFICATION DETAILS

 

Name :

CROWSON FABRICS LTD.

 

 

Registered Office :

Crowson House Bellbrook Industrial Estate Uckfield, TN22 1QZ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

27.10.1978

 

 

Com. Reg. No.:

01396447

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Wholesale of textiles, clothing and footwear

 

 

No. of Employees :

75

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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 and address

 

CROWSON FABRICS LTD.

 

 

 

Crowson House

 

Bellbrook Industrial Estate

Uckfield, TN22 1QZ

United Kingdom

(Trading Address)
Registered Address

Map

 

Tel:

01825761044

Fax:

01825764283

 

 

 

Employees:

75

Company Type:

Private Subsidiary

Corporate Family:

5 Companies

Ultimate Parent:

Derek Crowson Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

27-Oct-1978

 

 

Fiscal Year End:

31-Dec-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

1.2

 

 

Business Description     

 

Founded by Derek Crowson in 1978, the Crowson Group, which includes Crowson Fabrics Ltd. in Uckfield, East Essex, is one of the world's leading producers, designers and suppliers of home furnishings. It has subsidiaries in Northern Europe, Australia and New Zealand and a distribution network exporting to more than 50 countries. In 2000, the group expanded, acquiring Dovedale fabrics, followed in 2001 by the acquisition of Monkwell Fabrics and The Design Archives. In January 2002, its flagship showroom was opened in London's King's Road. As a design-led company, Crowson Fabrics produces one of the finest ranges of furnishing fabrics and complementary products, such as wall coverings, made-to-measure and ready-made curtains, trimmings and accessories.

   

Industry                                                     

 

Industry

Clothing and Apparel Wholesale

ANZSIC 2006:

3711 - Textile Product Wholesaling

ISIC Rev 4:

4641 - Wholesale of textiles, clothing and footwear

NACE Rev 2:

4641 - Wholesale of textiles

NAICS 2012:

424310 - Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

UK SIC 2007:

4641 - Wholesale of textiles

US SIC 1987:

5131 - Piece Goods, Notions, and Other Dry Good

 

 

  Key Executives

 

Name

Title

 

James Edward Eden

Secretary

 

Jane Clark

Purchasing Manager

 

Gemma Sherlow-Gray

Personnel Manager

 

Derek Cyril Crowson

Director

 

Christopher John Worrall

Director

 

          

 

News   

 

Title

Date

How secure is your data and business information...
Estates Gazette (1106 Words)

26-Oct-2013

Material world boosted by founder's £750k fund
Kent & Sussex Courier (UK) (396 Words)

19-Apr-2013

Derek Crowson invests 750,000 in Crowson Fabrics, Uckfield
Uckfield People (362 Words)

4-Apr-2013

Derek Crowson invests £750,000 in Crowson Fabrics, Uckfield
Uckfield People (360 Words)

4-Apr-2013

    

 

Financial Summary    

 

FYE: 31-Dec-2012

USD (mil)

Key Figures

 

Current Assets

1.14

Fixed Assets

0.07

Total Liabilities

0.53

Net Worth

0.68

 

Key Ratios

 

Current Ratio

2.14

Acid Test

0.86

 

 

 

 

Registered No.(UK): 01396447

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6311738


2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6190609

 


Corporate Overview

 

Location
Crowson House
Bellbrook Industrial Estate
Uckfield, TN22 1QZ
East Sussex County
United Kingdom

 

Tel:

01825761044

Fax:

01825764283

 

www.crowsonfabrics.com

Sales GBP(mil):

NA

Assets GBP(mil):

0.7

Employees:

75

Fiscal Year End:

31-Dec-2012

 

Industry:

Apparel and Accessories

Registered Address:
85 Church Road
Hove, BN3 2BB
United Kingdom

 

Incorporation Date:

27-Oct-1978

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

01396447

 

Director:

Derek Cyril Crowson

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3711

-

Textile Product Wholesaling

9001

-

Performing Arts Operation

 

ISIC Rev 4 Codes:

4641

-

Wholesale of textiles, clothing and footwear

900

-

Creative, arts and entertainment activities

 

NACE Rev 2 Codes:

4641

-

Wholesale of textiles

900

-

Creative, arts and entertainment activities

 

NAICS 2012 Codes:

424310

-

Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

711

-

Performing Arts, Spectator Sports, and Related Industries

 

US SIC 1987:

5131

-

Piece Goods, Notions, and Other Dry Good

792

-

Theatrical Producers (except Motion Picture), and Miscellaneous Theatrical Services

 

UK SIC 2007:

4641

-

Wholesale of textiles

900

-

Creative, arts and entertainment activities

 


 

Business Description

 

Founded by Derek Crowson in 1978, the Crowson Group, which includes Crowson Fabrics Ltd. in Uckfield, East Essex, is one of the world's leading producers, designers and suppliers of home furnishings. It has subsidiaries in Northern Europe, Australia and New Zealand and a distribution network exporting to more than 50 countries. In 2000, the group expanded, acquiring Dovedale fabrics, followed in 2001 by the acquisition of Monkwell Fabrics and The Design Archives. In January 2002, its flagship showroom was opened in London's King's Road. As a design-led company, Crowson Fabrics produces one of the finest ranges of furnishing fabrics and complementary products, such as wall coverings, made-to-measure and ready-made curtains, trimmings and accessories.

 

 

More Business Descriptions

 

Furniture

 

Founded by Derek Crowson in 1978, the Crowson Group has enjoyed sustained growth, making it one of the worlds leading producers, designers and suppliers of home furnishings. The group includes the internationally acclaimed fabric brands of Crowson and Monkwell. The group has subsidiaries in Northern Europe, Australia, New Zealand and a distribution network exporting to over 50 countries. It was in recognition of the companys outstanding performance worldwide that Crowson Fabrics was awarded the prestigious Queens award for Export Achievement in 1994 and 1995. In 2000, the group expanded, acquiring Monkwell Fabrics and The Design Archives. As a design led company, Crowson Fabrics is committed to producing the finest range of furnishing fabrics, made to measure blinds, curtains, tie backs, cushions, pelmets and bedspreads. Innovative and forward thinking, with a strong commitment to product development and advanced technology, the group prides itself on its high standards of design, quality and customer service both in the UK and internationally. The companys headquarters, including the sales, marketing, administrative and warehousing facilities are located in Uckfield, East Sussex.

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Assets:

0.7

Current Assets:

0.7

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

0.3

 

Issued Capital:

1.3

 

Working Capital:

0.4

 

Net Worth:

0.4

 

 

 

Date of Financial Data:

31-Dec-2012

 

1 Year Growth

NA

 


 

Key Corporate Relationships

Bank:

National Westminster Bank PLC

 

 

Auditor History

Wilson Sandford Ltd.

30-Sep-2011

Wilson Sandford Ltd

30-Sep-2010

Wilson Sandford Ltd

30-Sep-2009

Wilson Sandford Ltd.

30-Sep-2008

 

 

 

 

 

Corporate Structure News

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Derek Crowson Ltd.

Parent

Hove

United Kingdom

Miscellaneous Professional Services

 

 

Crowson Fabrics Ltd.

Subsidiary

Uckfield

United Kingdom

Clothing and Apparel Wholesale

 

75

Furnishing Centre (Buxted) Ltd.(The)

Subsidiary

Hove

United Kingdom

Clothing and Apparel Stores

 

 

The Furnishing Centre

UK Branch/Trading address

Witney

United Kingdom

Home Furnishings Retail

 

4

Charterhouse Fabrics Ltd.

Subsidiary

Hove

United Kingdom

Miscellaneous Professional Services

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Derek Cyril Crowson

 

Director

Director/Board Member

Age: 75

 

Christopher John Worrall

 

Director

Director/Board Member

 

 

Age: 54

 

 

Executives

 

Name

Title

Function

 

James Edward Eden

 

Secretary

Company Secretary

 

Age: 60

 

Gemma Sherlow-Gray

 

Personnel Manager

Human Resources Executive

 

 

Jane Clark

 

Purchasing Manager

Purchasing Executive

 

 

 

 

Directors and Shareholders Report

 

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Christopher John
Worrall

Current

01 Jul 1959

No 1 The Staddlestones,
Wolverhampton, West Midlands WV6 7UH

02 Sep 2005

NA

Current:8
Previous:0
Disqualifications:0

 

Derek Cyril
Crowson

Current

30 Mar 1938

The Old Rectory, Horsted Keynes,
Haywards Heath, West Sussex RH17 7AY

22 Aug 1992

NA

Current:9
Previous:0
Disqualifications:0

 

Nicholas
Squire

Previous

14 Aug 1963

Thatchers Cottage, Lucknam Park,
Chippenham, Wiltshire SN14 8AZ

03 Sep 1998

28 Feb 1999

Current:1
Previous:2
Disqualifications:0

 

Neil John
Mooney

Previous

27 Jul 1955

36 Pellings Farm Close,
Crowborough, East Sussex TN6 2BF

27 Apr 2001

31 Dec 2003

Current:0
Previous:1
Disqualifications:0

 

Martin
Stanton

Previous

11 Jan 1952

Chaungside, Innhams Wood,
Crowborough, East Sussex TN6 1TE

04 Jan 2000

04 May 2000

Current:5
Previous:5
Disqualifications:0

 

David Geoffrey
Hatter

Previous

03 Apr 1958

8 Kewhurst Avenue,
Bexhill-On-Sea, East Sussex TN39 3BJ

08 Jun 1998

12 May 2000

Current:0
Previous:9
Disqualifications:0

 

Nikolai Fawley
Askaroff

Previous

04 Mar 1956

1St Floor, 55 South Street,
Eastbourne, East Sussex BN21 4UT

NA

01 Jan 2000

Current:11
Previous:31
Disqualifications:0

 

Kevin David
Sharp

Previous

18 Apr 1959

Cornucopia 11 Woodhill Avenue,
Gerrards Cross, Buckinghamshire SL9 8DP

06 Mar 2000

01 Jun 2000

Current:2
Previous:1
Disqualifications:0

 

Barry James
Burgess

Previous

02 Oct 1948

Northwood Monks Walk, South Ascot,
Ascot, Berkshire SL5 9AZ

09 Jun 1993

08 Dec 1995

Current:0
Previous:3
Disqualifications:0

 

Richard David
Francis

Previous

14 Aug 1953

Hillsborough Maidstone Road, Horsmonden,
Tonbridge, Kent TN12 8NE

22 Aug 1992

12 Sep 1994

Current:5
Previous:4
Disqualifications:0

 

Matthew Peterson
Crew

Previous

30 Oct 1963

24 Rowhleys Place,
West Drayton, Middlesex UB7 9NQ

22 Aug 1992

27 Apr 2001

Current:0
Previous:2
Disqualifications:0

 

Patrick Dominic
Gains

Previous

18 Oct 1960

Ganders Brook Spy Lane, Loxwood,
Billingshurst, West Sussex RH14 0SQ

09 Jul 1997

24 Apr 1998

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

There are no corporate directors for this company.

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

James Edward
Eden

Current

24 May 1953

61 Lealand Road,
Portsmouth, Hampshire PO6 1LZ

08 Sep 2008

NA

Current:11
Previous:0
Disqualifications:0

 

John Roderick
Hughes

Previous

20 Jun 1952

Junipers 6 Richmead Gardens,
Mayfield, East Sussex TN20 6DE

22 Aug 1992

08 Sep 2008

Current:4
Previous:33
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

Individual Shareholders

There are no individual shareholders for this company.

 

Corporate Shareholders

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Derek Crowson Ltd

01996580

1300000 Ordinary GBP 1.00

Ordinary

1,300,000

1.00

1,300,000.00

100.00

 

 

 

News

 

 

How secure is your data and business information...
Estates Gazette (1106 Words)

26-Oct-2013

 

 

Material world boosted by founder's £750k fund
Kent & Sussex Courier (UK) (396 Words)

19-Apr-2013

 

 

Derek Crowson invests 750,000 in Crowson Fabrics, Uckfield
Uckfield People (362 Words)

04-Apr-2013

 

 

Derek Crowson invests £750,000 in Crowson Fabrics, Uckfield
Uckfield People (360 Words)

04-Apr-2013

 



Annual Profit & Loss

 

 

31-Dec-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Period Length

65 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.631174

0.622972

0.64255

0.647882

0.507879

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Turnover

-

-

-

6.7

-

Cost of Sales

-

-

-

3.8

-

Gross Profit

-

-

-

2.9

4.8

Depreciation

0.1

0.1

0.1

0.1

0.3

Other Expenses

-

-

-

3.9

7.6

Other Income

-

-

-

0.0

0.2

Interest Paid

-

-

-

0.1

0.2

Exceptional Income

-

-

-

0.0

0.3

Discontinued Operations

-

-

-

0.0

0.0

Profit Before Taxes

-

-

-

-1.1

-2.4

Tax Payable / Credit

-

-

-

0.0

-0.2

Extraordinary Items/Debits

-

-

-

0.0

0.0

Dividends

-

-

-

0.0

0.0

Profit After Taxes

-

-

-

-1.1

-2.2

Minority Interests (Profit & Loss)

-

-

-

0.0

0.0

Audit Fees

-

-

-

0.0

0.0

Number of Employees

-

-

-

43

64

Wages

-

-

-

1.4

3.1

Social Security Costs

-

-

-

0.1

0.2

Other Pension Costs

-

-

-

0.0

0.0

Employees Remuneration

-

-

-

1.5

3.3

Directors Remuneration

-

-

-

0.2

0.4

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.619061

0.641931

0.634598

0.625254

0.561026

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

-

-

-

0.0

0.0

Fixtures & Fittings

-

-

-

0.2

0.3

Plant & Vehicles

-

-

-

0.0

0.0

Total Tangible Fixed Assets

0.1

0.2

0.2

0.2

0.3

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

0.1

0.2

0.2

0.2

0.3

Stocks

-

-

-

2.4

3.5

Work in Progress

-

-

-

0.0

0.1

Total Stocks Work In Progress

0.7

0.8

1.5

2.5

3.6

Trade Debtors

-

-

-

1.0

2.2

Inter-Company Debtors

-

-

-

-

0.0

Other Debtors

-

-

-

0.3

0.5

Total Debtors

0.4

0.7

1.1

1.3

2.7

Cash and Equivalents

0.1

0.2

0.1

0.7

2.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1.1

1.7

2.6

4.5

8.3

Total Assets

1.2

1.8

2.8

4.7

8.6

Trade Creditors

-

-

-

0.4

0.8

Bank Overdraft

-

-

-

0.0

3.9

Inter-Company Creditors

-

-

-

3.3

1.3

Director Loans (Current Liability)

0.0

-

-

-

-

Accruals/Deferred Income (Current Liability)

-

-

-

0.2

0.7

Social Security/VAT

-

-

-

0.3

0.1

Other Current Liabilities

0.5

0.8

2.5

0.0

0.0

Total Current Liabilities

0.5

0.8

2.5

4.3

6.8

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

2.1

2.0

0.5

0.5

0.5

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

-1.4

-1.0

-0.2

0.0

1.3

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

0.7

1.0

0.2

0.4

1.8

Net Worth

0.7

1.0

0.2

0.4

1.8

 





 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Period Length

65 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.631174

0.622972

0.64255

0.647882

0.507879

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

-

-

-

2.4

-0.2

Net Cash Flow from ROI and Servicing of Finance

-

-

-

-0.1

0.0

Taxation

-

-

-

0.0

0.0

Capital Expenditures

-

-

-

-0.1

0.3

Acquisitions and Disposals

-

-

-

0.0

0.1

Paid Up Equity

-

-

-

0.0

0.0

Management of Liquid Resources

-

-

-

0.0

0.0

Net Cash Flow From Financing

-

-

-

0.0

0.0

Increase in Cash

-

-

-

2.2

0.2

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2012

30-Sep-2011

30-Sep-2010

30-Sep-2009

30-Sep-2008

Period Length

65 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.619061

0.641931

0.634598

0.625254

0.561026

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.14

2.13

1.02

1.05

1.22

Liquidity Ratio

0.86

1.11

0.44

0.47

0.70

Stock Turnover

-

-

-

282.00

-

Credit Period (Days)

-

-

-

5,409.00

-

Working Capital by Sales

-

-

-

283.00%

-

Trade Credit by Debtors

-

-

-

38.00

37.00

Return on Capital

-

-

-

-26,966.00%

-12,145.00%

Return on Assets

-

-

-

-2,506.00%

-2,542.00%

Profit Margin

-

-

-

-1,699.00%

-

Return on Shareholders Funds

-

-

-

-26,966.00%

-12,145.00%

Borrowing Ratio

48.00%

-

-

76,312.00%

28,682.00%

Equity Gearing

5,587.00%

5,705.00%

868.00%

929.00%

2,093.00%

Interest Coverage

-

-

-

-1,126.00

-974.00

Sales by Tangible Assets

-

-

-

2,877.00

-

Average Remuneration per Employee

-

-

-

0.0

0.0

Profit per Employee

-

-

-

0.0

0.0

Sales per Employee

-

-

-

0.2

-

Capital Employed per Employee

-

-

-

0.0

0.0

Tangible Assets per Employee

-

-

-

0.0

0.0

Total Assets per Employee

-

-

-

0.1

0.1

Employee Remuneration by Sales

-

-

-

2,255.00%

-

Creditor Days (Cost of Sales Based)

-

-

-

3,642.00

-

Creditor Days (Sales Based)

-

-

-

2,069.00

-

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.45

UK Pound

1

Rs.100.86

Euro

1

Rs.84.50

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.