MIRA INFORM REPORT

 

 

Report Date :

11.10.2013

 

IDENTIFICATION DETAILS

 

Name :

TOWN WND (LEEDS) PLC

 

 

Registered Office :

Silver Court Intercity Way Stanningley Leeds, LS13 4LY

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

10.12.1934

 

 

Com. Reg. No.:

0029490

 

 

Legal Form :

Public Independent

 

 

Line of Business :

Subject supplies dyes and colours to various industries throughout the United Kingdom.

 

 

No. of Employees :

22

 

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 :

Small company

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

 

Town End (Leeds) PLC

 

Unit 17-18

Silver Court

Intercity Way

Leeds, LS13 4LY

United Kingdom

(Trading Address) 
Registered Address

 Map

 

Tel:

01132564251

Fax:

01132393315

 

 www.dyes.co.uk

 

 

 

 

 

Employees:

22

Company Type:

Public Independent

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

10-Dec-1934

Auditor:

Baker Tilly UK Audit LLP

 

 

                                                                                                                                                                                                                                                                                                                                                                           

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financials in:

 

 USD (mil)

Fiscal Year End:

31-Mar-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

6.4  1

Net Income:

0.1

Total Assets:

2.4

 

 

 

                               

 

 

 

 

 

 

 

 

Business Description    

 

 

Town End (Leeds) PLC supplies dyes and colours to various industries throughout the United Kingdom. The company offers a wide range of products, including acid dyes for wool, nylon, fleece, direct dyes for cotton, leather and suede. It also provides dyes for paper, solvent dyes and dyeing chemicals. In addition, the company offers food colours, such as bright synthetic insoluble lake pigments and dust free synthetic water soluble pigments. It also supplies optical brightening agents for wool, acrylic and polyester. The company’s products have a wide range of non-textile applications, such as detergents, inks, tracer dyes and staining.

 

 

             Industry            

 

Industry

Basic Chemical Manufacturing

ANZSIC 2006:

1813 - Basic Inorganic Chemical Manufacturing

ISIC Rev 4:

2011 - Manufacture of basic chemicals

NACE Rev 2:

2012 - Manufacture of dyes and pigments

NAICS 2012:

325130 - Synthetic Dye and Pigment Manufacturing

UK SIC 2007:

2012 - Manufacture of dyes and pigments

US SIC 1987:

2816 - Inorganic Pigments

 

 

 

                      

Key Executives

 

 

Name

Title

John Lynden Carlisle

Secretary

Adrian Paul Nicholas Hayes

Director

Marian Jane Hope Robson

Director

Peter James Watson

Director

Catherine Hope Watson

Director

 

 

                              Financial Summary             

 

FYE: 31-Mar-2012

USD (mil)

Key Figures

 

Current Assets

2.11

Fixed Assets

0.30

Total Liabilities

1.00

Net Worth

1.39

 

Key Ratios

 

Current Ratio

2.12

Acid Test

1.02

 

 

  

 1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6267523 
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6281078

 

corporate overview

 

Location
Unit 17-18
Silver Court
Intercity Way
Leeds, LS13 4LY
West Yorkshire County 
United Kingdom

 

Tel:

01132564251

Fax:

01132393315

 

www.dyes.co.uk

Sales GBP(mil):

4.0

Assets GBP(mil):

1.5

Employees:

22

Fiscal Year End:

31-Mar-2012

 

Industry:

Chemical Manufacturing

Registered Address:
Silver Court
Intercity Way
Stanningley
Leeds, LS13 4LY
United Kingdom

 

Incorporation Date:

10-Dec-1934

Company Type:

Public Independent

Quoted Status:

Not Quoted

Registered No.(UK):

00294907

 

Director:

Peter James Watson

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1813

-

Basic Inorganic Chemical Manufacturing

 

ISIC Rev 4 Codes:

2011

-

Manufacture of basic chemicals

 

NACE Rev 2 Codes:

2012

-

Manufacture of dyes and pigments

 

NAICS 2012 Codes:

325130

-

Synthetic Dye and Pigment Manufacturing

 

US SIC 1987:

2816

-

Inorganic Pigments

 

UK SIC 2007:

2012

-

Manufacture of dyes and pigments

../../RAW DATA/Town End (Leeds) PLC.htm - _Top42280296

Business Description

Town End (Leeds) PLC supplies dyes and colours to various industries throughout the United Kingdom. The company offers a wide range of products, including acid dyes for wool, nylon, fleece, direct dyes for cotton, leather and suede. It also provides dyes for paper, solvent dyes and dyeing chemicals. In addition, the company offers food colours, such as bright synthetic insoluble lake pigments and dust free synthetic water soluble pigments. It also supplies optical brightening agents for wool, acrylic and polyester. The company’s products have a wide range of non-textile applications, such as detergents, inks, tracer dyes and staining. (Updated by OneS

urce Information Services)

 

More Business Descriptions

Finishers of textiles

 

Dye Manufacturers

 

Industrial Dyes and Pigments UK Town End (Leeds) plc combines a wealth of experience and technology from its modern facility near Leeds to supply an extensive range of high quality dyes and pigments to over 80 countries. Town End (Leeds) plc continues to invest heavily in plant, laboratory and its personnel to ensure that it is at the cutting edge in this highly competitive field of specialisation. Town End (Leeds) plc's extensive range of dyestuffs also find themselves into many non-textile applications such as detergents, inks, tracer dyes and staining products. If any dyestuffs or chemicals that are required do not appear on this site, please do not hesitate to contact us to discuss your specific and individual requirements. Town End (Leeds) plc offer a specialist formulation and blending service to customers needs and specifications. Our vast knowledge of colour and colouration in many fields allows us to tailor our products to your needs. Supplying the complete spectrum of high quality colours

 

../../RAW DATA/Town End (Leeds) PLC.htm - _Top42280296

 

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

4.0

Net Income:

0.1

Assets:

1.5

Current Assets:

1.3

 

Fixed Assets:

0.2

 

Long Term Debt:

0.0

 

Total Liabilities:

0.6

 

Issued Capital:

0.1

 

Working Capital:

0.7

 

Net Worth:

0.9

 

 

 

Date of Financial Data:

31-Mar-2012

 

1 Year Growth

5.5%

NA

NA

../../RAW DATA/Town End (Leeds) PLC.htm - _Top42280296

Key Corporate Relationships

Auditor:

Baker Tilly UK Audit LLP

Bank:

Barclays Bank PLC

 

Auditor:

Baker Tilly UK Audit LLP

 

Auditor History

Baker Tilly UK Audit LLP

31-Mar-2012

Baker Tilly UK Audit LLP

31-Mar-2011

Baker Tilly UK Audit LLP

31-Mar-2010

Baker Tilly UK Audit LLP

31-Mar-2009

Baker Tilly UK Audit LLP

31-Mar-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

03-31-2012

 

 

 

../../RAW DATA/Town End (Leeds) PLC.htm - _Top42280296

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

Adrian Paul Nicholas Hayes

 

Director

Director/Board Member

Age: 64

 

Marian Jane Hope Robson

 

Director

Director/Board Member

 

 

Age: 62

 

Peter James Watson

 

Director

Director/Board Member

 

 

Age: 60

 

 

Catherine Hope Watson

 

Director

Director/Board Member

 

 

Age: 61

 

 

Executives

 

Name

Title

Function

John Lynden Carlisle

 

Secretary

Company Secretary

Age: 50

 

 

 

Directors and Shareholders Report

 

Annual Return Date: 08 Nov 2012
Total Issued Capital (GBP 000): 53

 

 

Individual Directors

 

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Marian Jane Hope 
Robson

Current

16 Feb 1951

Ivy Cottage, Church Street, 
Wetherby, West Yorkshire LS23 6DN

14 Nov 1991

NA

Current:1
Previous:0
Disqualifications:0

 

Catherine Hope 
Watson

Current

25 Jun 1952

5 Harewood Avenue, 
Leeds, W Yorks

14 Nov 1991

NA

Current:1
Previous:0
Disqualifications:0

 

Peter James 
Watson

Current

22 Mar 1953

5 The Avenue, Harewood, 
Leeds, West Yorkshire LS17 9BD

12 Oct 1993

NA

Current:1
Previous:0
Disqualifications:0

 

Adrian Paul Nicholas 
Hayes

Current

12 Sep 1948

1 Fennec Road, Baildon Shipley, 
Shipley, West Yorkshire BD17 6SR

01 Dec 2001

NA

Current:1
Previous:0
Disqualifications:0

 

Roew Allardyce 
Macdonald

Previous

04 Aug 1941

8 Syddal Crescent, 
Stockport, Greater Manchester SK7 1HS

12 Oct 1993

31 Jul 1995

Current:0
Previous:2
Disqualifications:0

 

Kenneth Cooper 
Brooks

Previous

23 Aug 1930

11 Fairfax Road, Menston, 
Ilkley, West Yorkshire LS29 6EW

14 Nov 1991

04 Apr 1996

Current:0
Previous:1
Disqualifications:0

 

David Stuart 
Hay

Previous

27 Feb 1936

16 Kilmardinny Gate, Bearsden, 
Glasgow, East Dunbartonshire G61 3NP

14 Nov 1991

16 Mar 2001

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

 

John Lynden 
Carlisle

Current

16 Apr 1963

12 Beech Road, 
Harrogate, North Yorkshire HG2 8EA

01 Aug 1995

NA

Current:1
Previous:0
Disqualifications:0

 

John Robert Raymond 
Hanson

Previous

NA

45 Bell Mount View, Bramley, 
Leeds, West Yorkshire LS13 2JD

14 Nov 1991

31 Jul 1995

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

 

 

 



Financial Glossary

 

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

            

 

 

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.626752

0.643394

0.627794

0.592803

0.498361

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

5.0

4.3

3.7

4.5

5.2

Turnover (Exports)

1.4

1.6

1.2

1.0

1.9

Total Turnover

6.4

5.9

4.9

5.5

7.1

Cost of Sales

-

-

0.0

-

-

Total Expenses

6.2

5.8

-

5.5

7.0

Gross Profit

-

-

4.9

-

-

Depreciation

0.1

0.1

0.1

0.1

0.1

Other Expenses

-

-

4.8

-

-

Operating Profit

-

-

0.0

-

-

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

0.2

0.1

0.0

0.0

0.1

Tax Payable / Credit

0.0

0.0

0.0

0.0

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

0.1

0.0

0.0

0.1

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

Non Audit Fees

0.0

0.0

0.0

0.0

0.0

Number of Employees

22

21

21

21

21

Wages

1.3

1.2

1.1

1.1

1.4

Social Security Costs

0.2

0.1

0.1

0.1

0.2

Pensions

0.0

-

0.0

0.0

0.0

Other Pension Costs

0.0

0.0

0.0

0.1

0.1

Employees Remuneration

1.5

1.4

1.2

1.3

1.6

Directors Emoluments

0.5

-

-

0.4

0.6

Other Costs

0.0

-

0.4

0.0

0.0

Directors Remuneration

0.5

0.5

0.4

0.4

0.6

Highest Paid Director

0.2

0.2

0.1

0.1

0.2

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.628108

0.62385

0.659239

0.697666

0.503145

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.0

0.0

0.0

0.0

0.0

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

0.3

0.2

0.2

0.2

0.2

Total Tangible Fixed Assets

0.3

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

0.3

0.2

0.2

0.2

0.3

Stocks

1.1

1.1

1.0

0.8

1.1

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

1.1

1.1

1.0

0.8

1.1

Trade Debtors

0.9

1.0

0.9

0.7

1.2

Other Debtors

0.0

0.1

0.1

0.1

0.1

Total Debtors

1.0

1.1

0.9

0.8

1.3

Cash and Equivalents

0.1

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.1

2.2

1.9

1.6

2.4

Total Assets

2.4

2.4

2.1

1.8

2.7

Trade Creditors

0.6

0.6

0.5

0.3

0.4

Bank Overdraft

0.0

0.0

0.1

0.1

0.1

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

-

0.1

-

-

-

Accruals/Deferred Income (Current Liability)

0.2

0.2

0.1

0.1

0.2

Social Security/VAT

0.1

0.1

0.1

0.1

0.1

Corporation Tax

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.1

0.0

0.1

0.2

0.4

Total Current Liabilities

1.0

1.1

1.0

0.8

1.2

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

0.1

0.1

0.1

0.1

0.1

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

1.3

1.2

1.1

1.0

1.4

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

1.4

1.3

1.1

1.0

1.5

Net Worth

1.4

1.3

1.1

1.0

1.5

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.626752

0.643394

0.627794

0.592803

0.498361

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

0.3

0.2

0.2

0.2

0.0

Net Cash Flow from ROI and Servicing of Finance

0.0

0.0

0.0

0.0

0.0

Taxation

0.0

0.0

0.0

0.0

0.0

Capital Expenditures

-0.2

-0.1

0.0

-0.1

-0.1

Acquisitions and Disposals

0.0

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

0.1

0.0

0.1

0.1

-0.1

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Mar-2012

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.628108

0.62385

0.659239

0.697666

0.503145

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.12

1.97

2.01

2.14

2.03

Liquidity Ratio

1.02

0.99

0.99

1.04

1.10

Stock Turnover

5.83

5.64

4.68

5.60

6.28

Credit Period (Days)

52.24

59.66

68.10

56.39

63.60

Working Capital by Sales

17.52%

17.57%

21.10%

18.45%

17.56%

Trade Credit by Debtors

0.69

0.64

0.60

0.37

0.34

Return on Capital

11.50%

8.06%

3.31%

-2.28%

7.35%

Return on Assets

6.75%

4.34%

1.79%

-1.33%

4.08%

Profit Margin

2.55%

1.70%

0.81%

-0.52%

1.57%

Return on Shareholders Funds

11.71%

8.10%

3.33%

-2.30%

7.43%

Borrowing Ratio

0.23%

13.50%

10.19%

9.63%

6.33%

Equity Gearing

57.65%

53.56%

53.97%

57.71%

54.98%

Interest Coverage

61.68

23.90

7.27

-1.16

4.22

Sales by Tangible Assets

21.33

28.58

28.62

24.14

26.37

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

0.3

0.3

0.2

0.2

0.3

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

0.1

0.1

0.1

0.1

0.1

Employee Remuneration by Sales

22.72%

23.65%

25.73%

24.20%

23.33%

Creditor Days (Cost of Sales Based)

36.29

38.12

-

20.72

21.94

Creditor Days (Sales Based)

36.29

38.12

40.71

20.72

21.94

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 62.14

UK Pound

1

Rs.99.02

Euro

1

Rs.83.87

 

 

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.