MIRA INFORM REPORT

 

 

Report Date :

06.04.2014  

 

IDENTIFICATION DETAILS

 

Name :

MURPHY & SON LIMITED

 

 

Registered Office :

Alpine Street Old Basford Nottingham NG6 0HQ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

14.12.1909

 

 

Com. Reg. No.:

00106442

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of chemical products

 

 

No. of Employees

52

 

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 – december 01, 2013

 

Country Name

Previous Rating

(30.09.2013)

Current Rating

(01.12.2013)

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 third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

 

Source : CIA

 

 

 

Company name and address

 

Summary – Company Information

Company Name

MURPHY & SON LIMITED

Company Number

00106442

Registered Address

ALPINE STREET
OLD BASFORD
NOTTINGHAM
NG6 0HQ

Trading Address

Alpine Street
Old Basford
Nottingham
Nottinghamshire
NG6 0HQ

 

 

 

Website Address

http://www.murphyandson.co.uk

 

 

Telephone Number

01159785494

 

 

TPS

No

 

 

Incorporation Date

14/12/1909

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

09/08/2013

 

 

Share Capital

£40,000

SIC03

2466

Currency

GBP

SIC03 Description

Manufacture of other chemical products

SIC07

20590

SIC07 Description

MANUFACTURE OF OTHER CHEMICAL PRODUCTS N.E.C.

Principal Activity

Consulting and manufacturing chemists to the Brewery industry.

 

 

DIRECTORS/MANAGEMENT

 

Directors

Total Current Directors

6

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

3

 

Current Directors

Name

James Andrew Carmichael

Date of Birth

15/02/1938

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

13/07/1991

 

 

Address

7 Addison Avenue, London, W11 4QS

Other Actions

View Director Report

View Consumer Report

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Stephen Leslie Hale

Date of Birth

25/04/1951

Officers Title

Mr

Nationality

British

Present Appointments

8

Function

Director

Appointment Date

13/07/1991

 

 

Address

Honeywood House, 19 Mill Lane, St. Ippolyts, Hitchin, Hertfordshire, SG4 7NN

Other Actions

View Director Report

View Consumer Report

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

John Eric Shiers Dunn

Date of Birth

07/01/1938

Officers Title

Mr

Nationality

British

Present Appointments

16

Function

Director

Appointment Date

13/07/1991

 

 

Address

Yew Tree Cottage Unthank Lane, Holmesfield, Sheffield, South Yorkshire, S18 7WF

Other Actions

View Director Report

View Consumer Report

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Christine Jane Fleming

Date of Birth

07/10/1959

Officers Title

Dr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

10/07/2002

 

 

Address

6 Applegate Close, Oakwood, Derby, DE21 2SL

Other Actions

View Director Report

View Consumer Report

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Brian Andrew McCluskie

Date of Birth

09/12/1943

Officers Title

Mr

Nationality

British

Present Appointments

10

Function

Director

Appointment Date

01/10/2001

 

 

Address

Torton Grove, Torton Lane Hartlebury, Kidderminster, Worcestershire, DY11 7SG

Other Actions

View Director Report

View Consumer Report

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Shaun Adrian Kelly

Date of Birth

17/02/1959

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

15/07/2010

 

 

Address

Alpine Street, Old Basford, Nottingham, NG6 0HQ

Other Actions

View Director Report

View Consumer Report

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Stephen Leslie Hale

Date of Birth

25/04/1951

Officers Title

Mr

Nationality

British

Present Appointments

8

Function

Company Secretary

Appointment Date

13/07/1991

 

 

Address

Honeywood House, 19 Mill Lane, St. Ippolyts, Hitchin, Hertfordshire, SG4 7NN

 

 

NEGATIVE INFORMATION

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

1

Total Value of Possible CCJs -

£8,888

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

 

 

Exact CCJ Details

There are no exact CCJ details

 

Possible CCJ Details

Date

Court

Amount

Status

Case Number

Date Paid

Registered CCJ / CJ Details

10/11/2009

LIVERPOOL

£8,888

Judgement

9LV11689

-

, MAIDEN STREET, NEWCASTLE WEST, CO LIMERICK, , ROI

 

Writ Details

There are no writ details

 

Mortgage Summary

Outstanding

1

Satisfied

1

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MR J.A. CARMICHAEL & S.L. HALE & MR J.E.S. DUNN

GBP

20,000

ORDINARY

1

50

MR J.A. CARMICHAEL & MR J.E.S. DUNN & S.L. HALE

GBP

19,000

PREFERENCE

1

47.5

MR G. THACKRAY

GBP

400

PREFERENCE

1

1

MR ROBERT KERSHAW

GBP

200

PREFERENCE

1

0.5

CAROLINE STEEPLES

GBP

125

PREFERENCE

1

0.31

MRS C.S. MATTHEWS

GBP

125

PREFERENCE

1

0.31

MR J.A. CARMICHAEL

GBP

75

PREFERENCE

1

0.19

MRS S.M. RADBOURNE

GBP

75

PREFERENCE

1

0.19

 

PAYMENT INFORMATION

 

Summary – Payment History

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2013

£6,752,895

£319,580

£6,425,579

52

31/03/2012

£6,732,804

£544,467

£6,265,035

52

31/03/2011

-

-

£6,227,161

-

 


Payment Information Summary

 

Days Beyond Terms

Trend Indicator

 

 

17

15

Company DBT

UK Average DBT

Steady

   

Improving Worsening

 

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -

1

 

Total Value of Documented Trade Debtors / Bad Debt -

£525

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

MURPHY & SON LIMITED

Ownership Status

Ultimately Owned

Ultimate Holding Company

MURPHY & SON LIMITED

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Rating

Limit

Turnover

MURPHY & SON LIMITED

 

00106442

31.03.2013

N

92

£100,000

£6,752,895

MICRO-AUDIT LIMITED

 

01529641

31.03.2013

N

N/R

-

 

 

 

FINANCIAL INFORMATION

 

Financials

Profit & Loss

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

 

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

 

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

 

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

http://static.creditsafe.com/IMAGES/barchart-grey.png

Turnover

£6,752,895

0.3%

£6,732,804

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Export

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Cost of Sales

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Gross Profit

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Wages & Salaries

£1,063,310

-2%

£1,085,112

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Directors Emoluments

£344,943

11.3%

£310,054

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Operating Profit

£297,332

-42.1%

£513,854

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Depreciation

£224,056

24.3%

£180,293

16.6%

£154,662

3.7%

£149,206

-9.2%

£164,338

http://static.creditsafe.com/IMAGES/barchart-grey.png

Audit Fees

£11,500

15%

£10,000

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Interest Payments

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Pre Tax Profit

£319,580

-41.3%

£544,467

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Taxation

-£77,682

47.1%

-£146,722

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Profit After Tax

£241,898

-39.2%

£397,745

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Dividends Payable

£255,000

10.9%

£230,000

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Retained Profit

-£13,102

-134.6%

£37,874

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Tangible Assets

£3,791,082

6.2%

£3,571,399

2.8%

£3,472,930

-19.3%

£4,302,545

-7.4%

£4,646,121

http://static.creditsafe.com/IMAGES/barchart-grey.png

Intangible Assets

£532,527

-44.7%

£962,639

212.1%

£308,461

-6.2%

£328,818

-5.8%

£349,174

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Fixed Assets

£4,323,609

-4.6%

£4,534,038

19.9%

£3,781,391

-18.4%

£4,631,363

-7.3%

£4,995,295

http://static.creditsafe.com/IMAGES/barchart-grey.png

Stock

£1,052,486

-2.3%

£1,077,443

40.5%

£766,794

-17.6%

£930,469

38.5%

£671,578

http://static.creditsafe.com/IMAGES/barchart-grey.png

Trade Debtors

£1,118,441

17.1%

£955,245

18.3%

£807,244

-9.9%

£896,186

21.9%

£734,968

http://static.creditsafe.com/IMAGES/barchart-grey.png

Cash

£1,061,758

28.3%

£827,855

-57.9%

£1,965,212

156.3%

£766,688

681.5%

£98,104

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Debtors

£48,303

75.4%

£27,545

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Assets

£45,805

-

£45,805

-

£45,805

-

£45,805

5%

£43,607

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Assets

£3,326,793

13.4%

£2,933,893

-18.2%

£3,585,055

35.8%

£2,639,148

70.5%

£1,548,257

http://static.creditsafe.com/IMAGES/barchart-grey.png

Trade Creditors

£483,327

0.6%

£480,461

-56.7%

£1,109,576

14.6%

£968,109

37.5%

£704,155

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Liabilities

£694,586

2.3%

£678,886

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Liabilities

£1,177,913

1.6%

£1,159,347

4.5%

£1,109,576

14.6%

£968,109

37.5%

£704,155

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts and LTL

£46,910

7.7%

£43,549

46.6%

£29,709

44.2%

£20,600

49.8%

£13,749

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Long Term Liabilities

£46,910

7.7%

£43,549

46.6%

£29,709

44.2%

£20,600

49.8%

£13,749

 

Capital & Reserves

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Called Up Share Capital

£40,000

-

£40,000

-

£40,000

-

£40,000

-

£40,000

http://static.creditsafe.com/IMAGES/barchart-grey.png

P & L Account Reserve

£5,616,170

-0.2%

£5,625,627

0.7%

£5,587,753

14.6%

£4,876,963

13.8%

£4,286,672

http://static.creditsafe.com/IMAGES/barchart-grey.png

Revaluation Reserve

£268,096

173.3%

£98,095

-

£98,095

-88.6%

£863,526

-13.4%

£997,663

http://static.creditsafe.com/IMAGES/barchart-grey.png

Sundry Reserves

£501,313

-

£501,313

-

£501,313

-

£501,313

-

£501,313

http://static.creditsafe.com/IMAGES/barchart-grey.png

Shareholder Funds

£6,425,579

2.6%

£6,265,035

0.6%

£6,227,161

-0.9%

£6,281,802

7.8%

£5,825,648

 

Other Financial Items

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Worth

£5,893,052

11.1%

£5,302,396

-10.4%

£5,918,700

-0.6%

£5,952,984

8.7%

£5,476,474

http://static.creditsafe.com/IMAGES/barchart-grey.png

Working Capital

£2,148,880

21.1%

£1,774,546

-28.3%

£2,475,479

48.1%

£1,671,039

98%

£844,102

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Assets

£7,650,402

2.4%

£7,467,931

1.4%

£7,366,446

1.3%

£7,270,511

11.1%

£6,543,552

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Liabilities

£1,224,823

1.8%

£1,202,896

5.6%

£1,139,285

15.2%

£988,709

37.7%

£717,904

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Assets

£6,425,579

2.6%

£6,265,035

0.6%

£6,227,161

-0.9%

£6,281,802

7.8%

£5,825,648

Cash Flow

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Cashflow from Operations

£851,501

69.5%

£502,382

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Cashflow before Financing

£233,903

120.6%

-£1,137,357

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Increase in Cash

£233,903

120.6%

-£1,137,357

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

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Capital Employed

£6,472,489

2.6%

£6,308,584

0.8%

£6,256,870

-0.7%

£6,302,402

7.9%

£5,839,397

http://static.creditsafe.com/IMAGES/barchart-grey.png

Number of Employees

52

-

52

-

-

-

-

-

-

 

Auditors

WILKINS KENNEDY LLP

 

Auditor Comments

The audit report contains no adverse comments

 

Bankers

BARCLAYS BANK PLC

 

Bank Branch Code

20-74-09

 

Ratios

 

Date Of Accounts

31/03/13

31/03/12

31/03/11

31/03/10

31/03/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Pre-tax profit margin %

4.73

8.09

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Current ratio

2.82

2.53

3.23

2.73

2.20

http://static.creditsafe.com/IMAGES/barchart-grey.png

Sales/Net Working Capital

3.14

3.79

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Gearing %

0.70

0.70

0.50

0.30

0.20

http://static.creditsafe.com/IMAGES/barchart-grey.png

Equity in %

90.30

96.30

88.20

90.50

94

http://static.creditsafe.com/IMAGES/barchart-grey.png

Creditor Days

26.05

25.97

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Debtor Days

60.28

51.64

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Liquidity/Acid Test

1.93

1.60

2.53

1.76

1.24

http://static.creditsafe.com/IMAGES/barchart-grey.png

Return On Capital Employed %

4.93

8.63

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Return On Total Assets Employed %

4.17

7.29

-

-

-

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Current Debt Ratio

0.18

0.18

0.17

0.15

0.12

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Total Debt Ratio

0.19

0.19

0.18

0.15

0.12

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Stock Turnover Ratio %

15.58

16

-

-

-

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Return on Net Assets Employed %

4.97

8.69

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Commentary

No exact match CCJs are recorded against the company.

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There has been no significant change in the company's credit rating.

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Sales in the latest trading period increased 0.3% on the previous trading period.

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Net Worth increased by 11.1% during the latest trading period.

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A 2.4% growth in Total Assets occurred during the latest trading period.

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Pre-tax profits decreased by 41.3% compared to the previous trading period.

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The company saw an increase in their Cash Balance of 28.3% during the latest trading period.

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The audit report contains no adverse comments.

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No recent changes in directorship are recorded.

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The company is part of a group.

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The company was established over 103 years ago.

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Event History

 

Status History

No Status History found

 

Event History

Date

Description

19/08/2013

New Accounts Filed

19/08/2013

New Accounts Filed

23/07/2013

Annual Returns

07/09/2012

New Accounts Filed

07/09/2012

New Accounts Filed

28/07/2012

Annual Returns

11/10/2011

New Accounts Filed

11/10/2011

New Accounts Filed

15/08/2011

Annual Returns

30/08/2010

New Board Member Mr S.A. Kelly appointed

24/08/2010

New Accounts Filed

03/08/2010

Annual Returns

12/08/2009

New Accounts Filed

12/08/2009

New Accounts Filed

26/07/2009

Annual Returns

 

Previous Company Names

No Previous Names found

 

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.32

UK Pound

1

Rs.100.04

Euro

1

Rs.82.65

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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.