MIRA INFORM REPORT
|
Report Date : |
30.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
BRAND ALLIANCE LIMITED |
|
|
|
|
Registered Office : |
Alliance House, Honywood Business Park, Honywood Basildon |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
03.10.2008 |
|
|
|
|
Com. Reg. No.: |
06714552 |
|
|
|
|
Legal Form : |
Private limited
with Share Capital |
|
|
|
|
Line of Business : |
Wholesaler of
textiles |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
REGISTERED
NAME & COMPANY SUMMARY
Summary – Company Information
|
Company Name |
BRAND ALLIANCE LIMITED |
Company Number |
06714552 |
|
Registered Address |
ALLIANCE HOUSE |
Trading Address |
Alliance House |
|
Website Address |
|
|
|
|
Telephone Number |
08444935454 |
|
|
|
TPS |
No |
|
|
|
Incorporation Date |
03/10/2008 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
ARENA IMPORTS LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
07/07/2009 |
Filing Date of Accounts |
23/09/2013 |
|
|
|
Share Capital |
£40 |
|
SIC03 |
5141 |
Currency |
GBP |
|
SIC03 Description |
Wholesale of textiles |
||
|
SIC07 |
46410 |
||
|
SIC07 Description |
WHOLESALE OF TEXTILES |
||
|
Principal Activity |
|
|
|
DIRECTORS/MANAGEMENT
Directors
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
0 |
Current Directors
|
Name |
Simon Hills |
Date of Birth |
03/03/1974 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
03/10/2008 |
|
|
|
Address |
198 Ingrave Road, Brentwood, Essex, CM13 2AG
|
||
|
|
|
|
|
|
Name |
Kirk Hannaford |
Date of Birth |
15/06/1967 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
03/10/2008 |
|
|
|
Address |
71 Pound Lane, Bowers Gifford, Essex, SS13
2HN |
||
|
|
|
|
|
|
Name |
Adam Aarons |
Date of Birth |
06/09/1973 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
01/07/2009 |
|
|
|
Address |
1 Leamington Road, Hockley, Essex, SS5 5HH |
||
|
|
|
|
|
Current Company
Secretary
|
Name |
Kirk Hannaford |
Date of Birth |
15/06/1967 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Company
Secretary |
|
Appointment Date |
03/10/2008 |
|
|
|
Address |
71 Pound Lane, Bowers Gifford, Essex, SS13
2HN |
||
Directors
Previous
Director/Company Secretaries
|
No Previous Director Details |
NEGATIVE
INFORMATION
CCJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
|
|
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
|
|
|
Total Number of Writs - |
- |
|
|
Exact
CCJ Details
There are no exact CCJ details
Possible
CCJ Details
There are no possible CCJ details
Writ
Details
There are no writ details
Mortgage
Summary
|
Outstanding |
2 |
|
Satisfied |
0 |
Full CCJ Details
Exact
CCJ Details
|
No CCJs found |
Possible
CCJs Details
|
There are no possible CCJ details |
Writ
Details
|
No writs found |
Mortgage Details
Mortgage
Details
|
Mortgage Type: |
FIXED &
FLOATING CHARGE |
||
|
Date Charge Created: |
28/05/10 |
|
|
|
Date Charge Registered: |
10/06/10 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK
PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR
TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND
FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES,
FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
01/07/09 |
|
|
|
Date Charge Registered: |
14/07/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BRAND ALLIANCE LIMITED
(IN ADMINISTRATION) ACTING THROUGH ITS ADMINISTRATORS |
||
|
Amount Secured: |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY FORMERLY KNOWN AS ARENA IMPORTS LIMITED TO
THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
||
|
Details: |
FIXED AND
FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES,
FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
MR SIMON HILLS |
GBP |
19 |
ORDINARY |
1 |
47.5 |
|
MR KIRK HANNAFORD |
GBP |
19 |
ORDINARY |
1 |
47.5 |
|
MR ADAM AARONS |
GBP |
2 |
ORDINARY |
1 |
5 |
PAYMENT
INFORMATION
Summary – Payment
History
Last 3 Years
Credit Rating/Limit
|
Date |
Rating |
Limit |
|
31/12/2013 |
68 |
£5,000 |
|
31/12/2012 |
50 |
£13,500 |
|
31/12/2011 |
57 |
£19,500 |
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder
Funds |
Employees |
|
31/12/2012 |
- |
- |
£63,792 |
- |
|
31/12/2011 |
- |
- |
£92,112 |
- |
|
31/12/2010 |
- |
- |
£110,075 |
- |
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to leave a payment experience
|
|
Trade Debtors / Bad
Debt Summary
|
Total Number of Documented Trade Debtors / Bad Debt - |
1 |
|
|
Total Value of Documented Trade Debtors / Bad Debt - |
£24,000 |
|
Creditor & Debtor
Details
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors / Bad
Debt Detail
|
Company Name |
Amount |
Statement Date |
|
Junction 38 Limited |
£24,000 |
04/04/2012 |
|
Total Value |
£24,000 |
Trade Payment Data
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
|
Trade Payment Data is information that we collect
from selected third party partners who send us information about their whole
sales ledger. |
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
|
|
|
|
|
|
Outstanding |
|
|
|
|
|
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group Structure
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
|
FINANCIAL
INFORMATION
Financials
Profit & Loss
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
- |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
65 |
|
- |
|
|
Currency |
GBP |
|
GBP |
|
GBP |
|
GBP |
|
- |
|
|
Consolidated A/cs |
N |
|
N |
|
N |
|
N |
|
- |
|
|
Turnover |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Export |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Cost of Sales |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Gross Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Wages & Salaries |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Directors Emoluments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Operating Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Depreciation |
£36,215 |
|
£30,535 |
|
£18,583 |
|
£4,133 |
|
- |
|
|
Audit Fees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Interest Payments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Pre Tax Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Taxation |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Profit After Tax |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Dividends Payable |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Retained Profit |
- |
|
- |
|
- |
|
- |
|
- |
Balance Sheet
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
- |
|
|
Tangible Assets |
£46,834 |
|
£74,572 |
|
£36,252 |
|
£29,937 |
|
- |
|
|
Intangible Assets |
£55,562 |
|
£93,547 |
|
£131,533 |
|
£175,182 |
|
- |
|
|
Total Fixed Assets |
£102,396 |
|
£168,119 |
|
£167,785 |
|
£205,119 |
|
- |
|
|
Stock |
£41,254 |
|
£1,500 |
|
£1,500 |
|
£1,500 |
|
- |
|
|
Trade Debtors |
£640,898 |
|
£688,982 |
|
£1,479,436 |
|
£1,121,176 |
|
- |
|
|
Cash |
£81,007 |
|
£435,116 |
|
£148,001 |
|
£185,967 |
|
- |
|
|
Other Debtors |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Miscellaneous Current Assets |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Current Assets |
£763,159 |
|
£1,125,598 |
|
£1,628,937 |
|
£1,308,643 |
|
- |
|
|
Trade Creditors |
£801,763 |
|
£915,352 |
|
£1,285,726 |
|
£1,445,234 |
|
- |
|
|
Bank Loans & Overdrafts |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Other Short Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Miscellaneous Current Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Current Liabilities |
£801,763 |
|
£915,352 |
|
£1,285,726 |
|
£1,445,234 |
|
- |
|
|
Bank Loans & Overdrafts and LTL |
0 |
|
£286,253 |
|
£400,921 |
|
0 |
|
- |
|
|
Other Long Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Long Term Liabilities |
0 |
|
£286,253 |
|
£400,921 |
|
0 |
|
- |
Capital &
Reserves
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
- |
|
|
Called Up Share Capital |
£40 |
|
£40 |
|
£40 |
|
£40 |
|
- |
|
|
P & L Account Reserve |
£63,752 |
|
£92,072 |
|
£110,035 |
|
£68,488 |
|
- |
|
|
Revaluation Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Sundry Reserves |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Shareholder Funds |
£63,792 |
|
£92,112 |
|
£110,075 |
|
£68,528 |
|
- |
Other Financial Items
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
- |
|
|
Net Worth |
£8,230 |
|
-£1,435 |
|
-£21,458 |
|
-£106,654 |
|
- |
|
|
Working Capital |
-£38,604 |
|
£210,246 |
|
£343,211 |
|
-£136,591 |
|
- |
|
|
Total Assets |
£865,555 |
|
£1,293,717 |
|
£1,796,722 |
|
£1,513,762 |
|
- |
|
|
Total Liabilities |
£801,763 |
|
£1,201,605 |
|
£1,686,647 |
|
£1,445,234 |
|
- |
|
|
Net Assets |
£63,792 |
|
£92,112 |
|
£110,075 |
|
£68,528 |
|
- |
Cash Flow
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
- |
|
|
Net Cashflow from Operations |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow before Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow from Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Increase in Cash |
- |
|
- |
|
- |
|
- |
|
- |
Miscellaneous
|
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
- |
|
|
Contingent Liability |
NO |
|
NO |
|
NO |
|
NO |
|
- |
|
|
Capital Employed |
£63,792 |
|
£378,365 |
|
£510,996 |
|
£68,528 |
|
- |
|
|
Number of Employees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Auditors |
|
||||||||
|
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
|
Bankers |
|
||||||||
|
|
Bank Branch Code |
|
||||||||
Ratios
|
|
Date Of Accounts |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
- |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
0.95 |
1.23 |
1.27 |
0.91 |
- |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
310.80 |
364.20 |
0 |
- |
|
|
Equity in % |
7.90 |
7.70 |
6.60 |
5.10 |
- |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.90 |
1.22 |
1.26 |
0.90 |
- |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
12.56 |
9.93 |
11.68 |
21.08 |
- |
|
|
Total Debt Ratio |
12.56 |
13.04 |
15.32 |
21.08 |
- |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
There has been no significant change in the company's credit rating. |
|
|
The credit limit on this company has fallen 80% in comparison to the previously suggested credit limit. |
|
|
There is insufficient data to indicate a change in this company's percentage of sales. |
|
|
Net Worth increased by 673.5% during the latest trading period. |
|
|
A 33.1% decline in Total Assets occurred during the latest trading period. |
|
|
There is insufficient data to indicate a change in this company's pre-tax profit. |
|
|
The company saw a decrease in their Cash Balance of 81.4% during the latest trading period. |
|
|
The company is exempt from audit. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is not part of a group. |
|
|
The movement in accumulated earnings would indicate that the company incurred a loss after tax and other appropriations, including dividends. |
|
|
The company was established over 5 years ago. |
|
Event History
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
11/10/2013 |
Annual Returns |
|
28/09/2013 |
New Accounts Filed |
|
23/10/2012 |
Annual Returns |
|
03/10/2012 |
New Accounts Filed |
|
18/11/2011 |
Annual Returns |
|
28/10/2011 |
New Accounts Filed |
|
29/07/2011 |
Change in Reg.Office |
|
29/07/2011 |
Change of Company Postcode |
|
12/10/2010 |
Annual Returns |
|
18/05/2010 |
New Accounts Filed |
|
21/12/2009 |
Annual Returns |
|
28/10/2009 |
Annual Returns |
|
19/08/2009 |
New Board Member Mr A. Aarons appointed |
|
09/07/2009 |
Change of Name |
|
29/04/2009 |
Change of Name |
Rating History
|
Date |
Rating |
Description |
|
11/10/2013 |
68 |
Good Credit Worthiness |
|
31/08/2013 |
69 |
Good Credit Worthiness |
|
03/10/2012 |
50 |
Creditworthy |
|
02/10/2012 |
58 |
Good Credit Worthiness |
|
22/09/2012 |
31 |
Creditworthy |
|
01/09/2012 |
58 |
Good Credit Worthiness |
|
28/10/2011 |
57 |
Good Credit Worthiness |
|
27/10/2011 |
48 |
Creditworthy |
|
01/10/2011 |
Not Rated |
Financial Statements too old |
|
18/09/2011 |
5 |
Caution - Credit at your discretion |
Limit History
|
Date |
Limit |
|
28/09/2013 |
£5,000 |
|
31/08/2013 |
£25,000 |
|
03/10/2012 |
£13,500 |
|
02/10/2012 |
£20,000 |
|
22/09/2012 |
£5,500 |
|
01/09/2012 |
£20,000 |
|
28/10/2011 |
£19,500 |
|
27/10/2011 |
£5,500 |
|
18/09/2011 |
£0 |
|
29/07/2011 |
£5,500 |
Previous Company
Names
|
Date |
Previous Name |
Companies House Documents |
|
07/07/2009 |
ARENA IMPORTS LIMITED |
View Document |
|
24/04/2009 |
HANNAFORD AND HILLS LIMITED |
View Document |
Linkages
Statistics
|
Group |
0 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
NOTES
& COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.52 |
|
|
1 |
Rs. 101.77 |
|
Euro |
1 |
Rs. 83.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.