MIRA INFORM REPORT

 

 

Report Date :

29.11.2013

 

IDENTIFICATION DETAILS

 

Name :

CAMBRIDGE COMMODITIES LTD.

 

 

Registered Office :

Unit 78 Lancaster Way Business Park Ely, CB6 3NW

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.11.2012

 

 

Date of Incorporation :

01.07.1998

 

 

Com. Reg. No.:

03590758

 

 

Legal Form :

Private Parent

 

 

Line of Business :

Importing of various nutraceutical vitamins, mine rals and associated products

 

 

No. of Employees :

28

 

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

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

 

CAMBRIDGE COMMODITIES LTD.

 

 

 

Unit 78 Lancaster Way Business Park

 

 

Ely, CB6 3NW

United Kingdom

(Trading Address)
Registered Address

Map

 

Tel:

01353 667258

Fax:

01353 667289

 

 

 

Employees:

28

Company Type:

Private Parent

Corporate Family:

2 Companies

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

01-Jul-1998

Auditor:

Paul A Hill & Co.

 

 

Fiscal Year End:

30-Nov-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

29.2  1

Net Income:

0.2

Total Assets:

23.8

 

 

Business Description     

 

Importing of various nutraceutical vitamins, mine rals and other associated products for wholesaling to united kingdom and overseas customers, and marketing services and wholesaling of veterinary products.

   

Industry                                                     

 

Industry

Chemical Wholesale

ANZSIC 2006:

3323 - Industrial and Agricultural Chemical Product Wholesaling

ISIC Rev 4:

4669 - Wholesale of waste and scrap and other products n.e.c.

NACE Rev 2:

4675 - Wholesale of chemical products

NAICS 2012:

4246 - Chemical and Allied Products Merchant Wholesalers

UK SIC 2007:

4675 - Wholesale of chemical products

US SIC 1987:

516 - Chemicals and Allied Products

 


Key Executives   

 

Name

Title

James Stevens

Director

Oliver Stevens

Director

     

 

News   

 

Title

Date

Biova(R) Announces Distributor Agreement with Cambridge Commodities Ltd.
Asian Hospital & Healthcare Management (383 Words)

13-Nov-2013

Biova, CCL sign distribution deal
New Hope 360 (219 Words)

12-Nov-2013

Biova(R) Announces Distributor Agreement with Cambridge
Yahoo! Singapore (375 Words)

12-Nov-2013

Biova(R) Announces Distributor Agreement with Cambridge Commodities Ltd.
GlobeNewswire (406 Words)

12-Nov-2013

MEDIUM BUSINESS OF THE YEAR (sponsored by WARD GETHIN ARCHER) Wyvern DM won the Medium Business of the Year award after the judges were impressed with its inter
Ely Standard (Ely, England) (186 Words)

10-Oct-2013

THERE are just four weeks until the 2013 Ely Standard East Cambridgeshire Business Awards
Ely Standard (Ely, England) (282 Words)

5-Sep-2013

       

 

Financial Summary    

 

FYE: 30-Nov-2012

USD (mil)

Key Figures

 

Current Assets

21.95

Fixed Assets

1.88

Total Liabilities

4.22

Net Worth

7.24

 

Key Ratios

 

Current Ratio

5.20

Acid Test

2.96

Debt Gearing

170.66

 

Registered No.(UK): 03590758

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6329453

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6241056

Corporate Overview

 

Location
Unit 78 Lancaster Way Business Park
Ely, CB6 3NW
Cambridgeshire County
United Kingdom

 

Tel:

01353 667258

Fax:

01353 667289

 

www.c-c-l.com

Sales GBP(mil):

18.5

Assets GBP(mil):

14.9

Employees:

28

Fiscal Year End:

30-Nov-2012

 

Industry:

Chemical Manufacturing

Registered Address:
83A Lynn Road
Ely, CB6 1DD
United Kingdom

 

Incorporation Date:

01-Jul-1998

Company Type:

Private Parent

Quoted Status:

Not Quoted

Registered No.(UK):

03590758

 

Director:

James Stevens

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3323

-

Industrial and Agricultural Chemical Product Wholesaling

 

ISIC Rev 4 Codes:

4669

-

Wholesale of waste and scrap and other products n.e.c.

 

NACE Rev 2 Codes:

4675

-

Wholesale of chemical products

 

NAICS 2012 Codes:

4246

-

Chemical and Allied Products Merchant Wholesalers

 

US SIC 1987:

516

-

Chemicals and Allied Products

 

UK SIC 2007:

4675

-

Wholesale of chemical products

 

 

Business Description

 

Importing of various nutraceutical vitamins, mine rals and other associated products for wholesaling to united kingdom and overseas customers, and mar keting services and wholesaling of veterinary products.


More Business Descriptions

 

Health Food Retailers

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Revenue:

18.5

Net Income:

0.1

Assets:

14.9

Current Assets:

13.7

 

Fixed Assets:

1.2

 

Long Term Debt:

7.7

 

Total Liabilities:

10.4

 

Issued Capital:

NaN

 

Working Capital:

11.1

 

Net Worth:

4.5

 

 

 

Date of Financial Data:

30-Nov-2012

 

1 Year Growth

61.2%

NA

NA

 

 

Key Corporate Relationships

 

Auditor:

Paul A Hill & Co.

Bank:

Lloyds Tsb Bank PLC

 

Auditor:

Paul A Hill & Co.

 

Auditor History

Paul A Hill & Co.

30-Nov-2012

Paul A Hill & Co

30-Nov-2011

Paul A Hill & Co

30-Nov-2010

Quinneys

31-Aug-2009

Quinneys

31-Aug-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

11-30-2012

 

 


 

Corporate Structure News

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Cambridge Commodities Ltd.

Parent

Ely

United Kingdom

Chemical Wholesale

29.2

28

Iceni Marketing Services Ltd.

Subsidiary

Ely

United Kingdom

 

 

 

 


Executives Report

 

Board of Directors

 

Name

Title

Function

 

James Stevens

 

Director

Director/Board Member

 

Age: 37

 

Oliver Stevens

 

Director

Director/Board Member

 

 

Age: 30

.

 

 

 

Directors and Shareholders Report

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

James
Stevens

Current

18 Feb 1976

4B Hills Lane,
Ely, Cambridgeshire CB6 1AY

01 Jul 1998

NA

Current:3
Previous:2
Disqualifications:0

 

Oliver
Stevens

Current

19 Jun 1983

185B Offord Road,
London , London N1 1LR

13 May 2012

NA

Current:2
Previous:0
Disqualifications:0

 

Linda
Stevens

Previous

12 Dec 1950

83A Lynn Road,
Ely, Cambridgeshire CB6 1DD

01 Sep 2002

24 Dec 2012

Current:1
Previous:2
Disqualifications:0

 

Steven Charles
Derrick

Previous

18 May 1969

Unit 2 Arkwright Rd Industrial Estate,
Bedford, Bedfordshire MK42 0LQ

01 Sep 2002

01 Aug 2005

Current:1
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Key Legal Services (Nominees) Limited

Previous

20 Station Road, Radyr,
Cardiff, Cardiff CF15 8AA

01 Jul 1998

01 Jul 1998

 

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Linda
Stevens

Previous

12 Dec 1950

83A Lynn Road,
Ely, Cambridgeshire CB6 1DD

01 Jul 1998

24 Dec 2012

Current:1
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Key Legal Services (Secretarial) Limited

Previous

20 Station Road, Radyr,
Cardiff, Cardiff CF15 8AA

01 Jul 1998

01 Jul 1998

 

 

Individual Shareholders

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Ella Stevens

1 Ordinary GBP 1.00

Ordinary

1

1.00

1.00

1.08

James Stevens

48 Ordinary GBP 1.00

Ordinary

48

1.00

48.00

51.61

Katharine Stevens

30 Ordinary GBP 1.00

Ordinary

30

1.00

30.00

32.26

Linda Stevens

8 Ordinary GBP 1.00

Ordinary

8

1.00

8.00

8.60

Oliver Stevens

5 Ordinary GBP 1.00

Ordinary

5

1.00

5.00

5.38

Zara Stevens

1 Ordinary GBP 1.00

Ordinary

1

1.00

1.00

1.08

 

 

 

 

 

 

 

 

Corporate Shareholders

There are no corporate shareholders for this company.

 

 

 

News

 

 

Biova(R) Announces Distributor Agreement with Cambridge Commodities Ltd.
Asian Hospital & Healthcare Management (383 Words)

13-Nov-2013

 

 

Biova, CCL sign distribution deal
New Hope 360 (219 Words)

12-Nov-2013

 

 

Biova(R) Announces Distributor Agreement with Cambridge
Yahoo! Singapore (375 Words)

12-Nov-2013

 

 

Biova(R) Announces Distributor Agreement with Cambridge Commodities Ltd.
GlobeNewswire (406 Words)

12-Nov-2013

 

 

MEDIUM BUSINESS OF THE YEAR (sponsored by WARD GETHIN ARCHER) Wyvern DM won the Medium Business of the Year award after the judges were impressed with its inter
Ely Standard (Ely, England) (186 Words)

10-Oct-2013

 

 

THERE are just four weeks until the 2013 Ely Standard East Cambridgeshire Business Awards
Ely Standard (Ely, England) (282 Words)

05-Sep-2013

 

 

CAMBRIDGE Commodities was the Medium Business of the Year at the 2012 East Cambridgeshire Business Awards for its significant but sustainable growth
Ely Standard (Ely, England) (627 Words)

23-May-2013

 


Annual Profit & Loss

 

 

30-Nov-2012

30-Nov-2011

30-Nov-2010

31-Aug-2009

31-Aug-2008

Period Length

52 Weeks

52 Weeks

65 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.632945

0.623804

0.645475

0.643147

0.502947

Consolidated

No

No

Yes

Yes

No

 

 

 

 

 

 

Total Turnover

29.2

18.4

18.0

12.6

-

Cost of Sales

15.3

12.6

11.6

8.6

-

Gross Profit

13.9

5.8

6.4

4.0

4.3

Depreciation

0.1

0.0

0.0

0.0

0.0

Other Expenses

13.5

6.9

3.3

2.1

2.2

Operating Profit

-

-

-

-

2.1

Other Income

0.3

0.4

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

-0.3

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

0.7

-0.8

3.2

1.5

2.1

Tax Payable / Credit

0.2

-0.1

1.0

0.5

0.6

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.3

0.2

0.3

0.7

0.4

Profit After Taxes

0.2

-0.9

1.9

0.3

1.1

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

28

20

20

18

17

Wages

0.8

0.4

1.7

0.6

0.9

Social Security Costs

0.1

0.1

0.1

0.1

0.2

Pensions

-

-

-

0.0

0.0

Other Pension Costs

11.1

5.0

0.1

0.1

0.1

Employees Remuneration

12.0

5.5

1.9

0.8

1.2

Directors Emoluments

-

-

-

0.1

0.6

Other Costs

-

-

-

0.0

0.0

Directors Remuneration

11.2

5.1

1.2

0.1

0.6

Highest Paid Director

9.7

4.5

0.6

-

0.4

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Nov-2012

30-Nov-2011

30-Nov-2010

31-Aug-2009

31-Aug-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.624106

0.635809

0.642116

0.613572

0.548261

Consolidated

No

No

Yes

Yes

No

 

 

 

 

 

 

Land & Buildings

0.3

0.3

-

0.3

0.4

Fixtures & Fittings

0.5

0.2

-

0.0

0.0

Plant & Vehicles

0.2

0.1

-

0.1

0.1

Total Tangible Fixed Assets

1.1

0.6

0.4

0.4

0.5

Intangible Assets

0.0

0.0

1.2

1.6

0.0

Investments

0.8

0.8

0.0

0.3

2.4

Total Fixed Assets

1.9

1.4

1.6

2.4

2.9

Stocks

9.5

3.7

3.0

1.7

1.5

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

9.5

3.7

3.0

1.7

1.5

Trade Debtors

8.2

5.2

3.6

3.0

2.8

Director Loans

-

0.0

0.2

0.0

0.2

Other Debtors

3.0

1.3

1.6

0.2

0.5

Total Debtors

11.2

6.5

5.4

3.3

3.6

Cash and Equivalents

1.3

2.1

0.9

2.1

0.9

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

22.0

12.4

9.3

7.1

5.9

Total Assets

23.8

13.7

10.9

9.5

8.8

Trade Creditors

3.6

2.7

1.7

2.2

1.5

Bank Overdraft

0.0

-

-

-

0.0

Inter-Company Creditors

0.0

0.0

0.0

-

0.0

Director Loans (Current Liability)

0.0

3.4

0.0

0.0

0.0

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

Total Short Term Loans

0.0

-

-

-

0.0

Accruals/Deferred Income (Current Liability)

0.2

0.3

0.3

0.1

0.4

Social Security/VAT

0.3

0.2

0.1

0.3

0.1

Corporation Tax

0.2

0.3

1.0

0.5

0.6

Dividends (Current Liability)

0.0

-

-

-

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

4.2

7.0

3.0

3.2

2.5

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

12.4

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

12.4

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

0.2

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

7.1

6.7

7.8

6.3

6.3

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

7.2

6.7

7.9

6.3

6.3

Net Worth

7.2

6.7

6.7

4.7

6.3

 


 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Nov-2012

30-Nov-2011

30-Nov-2010

31-Aug-2009

31-Aug-2008

Period Length

52 Weeks

52 Weeks

65 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.632945

0.623804

0.645475

0.643147

0.502947

Consolidated

No

No

Yes

Yes

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

0.2

1.9

-0.4

2.3

1.6

Net Cash Flow from ROI and Servicing of Finance

0.0

0.4

0.0

0.0

0.1

Taxation

-0.3

-0.6

-0.5

-0.5

-1.3

Capital Expenditures

-0.6

-0.2

0.1

-0.1

-0.3

Acquisitions and Disposals

0.0

0.0

0.0

0.0

0.0

Paid Up Equity

-0.3

-0.2

-0.3

-0.7

-0.4

Management of Liquid Resources

0.0

0.0

0.0

0.0

0.0

Net Cash Flow From Financing

0.2

0.0

0.0

0.1

0.2

Increase in Cash

-0.9

1.3

-1.1

1.1

-0.2

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Nov-2012

30-Nov-2011

30-Nov-2010

31-Aug-2009

31-Aug-2008

Period Length

52 Weeks

52 Weeks

65 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.624106

0.635809

0.642116

0.613572

0.548261

Consolidated

No

No

Yes

Yes

No

 

 

 

 

 

 

Current Ratio

5.20

1.77

3.07

2.22

2.35

Liquidity Ratio

2.96

1.24

2.08

1.68

1.76

Stock Turnover

313.00

488.00

483.00

759.00

-

Credit Period (Days)

10,155.00

10,604.00

9,146.00

8,450.00

-

Working Capital by Sales

5,983.00%

2,972.00%

4,313.00%

2,974.00%

-

Trade Credit by Debtors

43.00

51.00

46.00

73.00

52.00

Return on Capital

349.00%

-1,176.00%

3,230.00%

2,526.00%

3,083.00%

Return on Assets

288.00%

-577.00%

2,335.00%

1,671.00%

2,200.00%

Profit Margin

231.00%

-439.00%

1,754.00%

1,207.00%

-

Return on Shareholders Funds

946.00%

-1,176.00%

3,230.00%

2,526.00%

3,083.00%

Borrowing Ratio

17,077.00%

5,129.00%

-

33.00%

-

Equity Gearing

3,040.00%

4,903.00%

7,229.00%

6,617.00%

7,136.00%

Debt Gearing

170.66%

-

-

-

-

Interest Coverage

-

-9,598.00

110,279.00

10,254.00

5,326,995.00

Sales by Tangible Assets

2,669.00

2,966.00

3,266.00

2,950.00

-

Average Remuneration per Employee

0.4

0.3

0.1

0.0

0.1

Profit per Employee

0.0

0.0

0.1

0.1

0.1

Sales per Employee

1.1

0.9

0.7

0.7

-

Capital Employed per Employee

0.7

0.3

0.4

0.3

0.4

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.9

0.7

0.5

0.5

0.5

Employee Remuneration by Sales

4,094.00%

3,006.00%

1,039.00%

605.00%

-

Creditor Days (Cost of Sales Based)

8,382.00

7,887.00

6,550.00

9,017.00

-

Creditor Days (Sales Based)

4,392.00

5,412.00

4,211.00

6,174.00

-

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.39

UK Pound

1

Rs.101.80

Euro

1

Rs.84.75

 

 

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.