MIRA INFORM REPORT
|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SIDNEY MURRAY LIMITED |
|
|
|
|
Registered Office : |
33 Eastcastle
Street, London, W1N 7PD, W1W 8ET |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
25.10.1963 |
|
|
|
|
Com. Reg. No.: |
00778716 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
· Wholesaler of clothing and footwear · Manufacturer and wholesaler of garments |
|
|
|
|
No of Employees : |
57 (30.06.2013) |
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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 |
Company
summary
Company Name SIDNEY MURRAY
LIMITED
Company No 00778716
Registered Address 33 EASTCASTLE
STREET
LONDON
W1N 7PD
W1W 8ET
Trading Address 33 Eastcastle Street
London
W1W 8ET
Website Address http://www.sidney-murray.co.uk
Telephone Number 02075802515
TPS No
FPS No
Incorporation Date 25/10/1963
Type Private limited
with Share Capital
Filing Date of Accounts 17/03/2014
Currency GBP
Share Capital £50,000
Principal Activity Manufacture and
wholesaler of garments.
WHOLESALER
OF CLOTHING AND FOOTWEAR
Commentary
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period increased 4.1% on the previous
trading period. |
|
Net Worth decreased by 21.2% during the latest trading period. |
|
A 8.5% decline in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits increased by 19.2% compared to the previous trading
period. |
|
The company saw a decrease in their Cash Balance of 100% during the
latest trading period. |
|
The audit report contains no adverse comments. |
|
The company has undergone recent changes in its directorships. |
|
The company is part of a group. |
|
The company was established over 50 years
ago. |
CJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
Total Current
Directors |
4 |
|
Total Current
Secretaries |
1 |
|
Total Previous
Directors / Company Secretaries |
5 |
Current
Directors
|
Name |
Mary Hurley |
Date of Birth |
09/12/1946 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
28/10/1996 |
||
|
Address |
33 Eastcastle Street, London, W1W 8DW |
||
|
Name |
Date of Birth |
20/05/1948 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
19/10/2007 |
||
|
Address |
33 Eastcastle Street, London, W1W 8DW |
||
|
Name |
Date of Birth |
28/01/1972 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
01/02/2014 |
||
|
Address |
33 Eastcastle Street, London, W1W 8ET |
||
|
Name |
Date of Birth |
17/10/1973 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/02/2014 |
||
|
Address |
33 Eastcastle Street, London, W1W 8ET |
||
Current Company Secretary
|
Name |
Stewart Murray |
Date of Birth |
20/05/1948 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Company Secretary |
|
Appointment Date |
07/08/2006 |
||
|
Address |
33 Eastcastle Street, London, W1W 8DW |
||
Profit
& Loss
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
31/12/08 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
78 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£8,991,625 |
4.1% |
£8,634,616 |
-25.7% |
£11,624,860 |
-18.3% |
£14,229,644 |
23.4% |
£11,533,141 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
£1,603,459 |
-12% |
£1,821,128 |
-19.1% |
£2,251,612 |
-27.2% |
£3,093,990 |
35.3% |
£2,286,450 |
|
Directors Emoluments |
£118,338 |
-66.6% |
£354,339 |
-47.2% |
£671,573 |
-23.7% |
£880,219 |
41.3% |
£622,896 |
|
Operating Profit |
-£379,479 |
18.6% |
-£466,083 |
-168.2% |
£683,535 |
-17.3% |
£826,072 |
82.9% |
£451,554 |
|
Depreciation |
£25,043 |
-10% |
£27,814 |
-10.2% |
£30,986 |
-38% |
£49,956 |
15.9% |
£43,088 |
|
Audit Fees |
£45,438 |
69.2% |
£26,859 |
11.5% |
£24,095 |
20.5% |
£20,000 |
11.1% |
£18,000 |
|
Interest Payments |
- |
-100% |
£1,546 |
40.9% |
£1,097 |
5.3% |
£1,042 |
-95.4% |
£22,439 |
|
Pre Tax Profit |
-£378,039 |
19.2% |
-£467,600 |
-168.5% |
£682,438 |
-17.3% |
£825,030 |
91.7% |
£430,345 |
|
Taxation |
£3,706 |
-97.2% |
£133,866 |
170.6% |
-£189,596 |
11.6% |
-£214,447 |
-108.4% |
-£102,887 |
|
Profit After Tax |
-£374,333 |
-12.2% |
-£333,734 |
-167.7% |
£492,842 |
-19.3% |
£610,583 |
86.5% |
£327,458 |
|
Dividends Payable |
£73,333 |
292.8% |
£18,667 |
-84.4% |
£120,000 |
20% |
£100,000 |
-23.1% |
£130,000 |
|
Retained Profit |
-£447,666 |
-27% |
-£352,401 |
-194.5% |
£372,842 |
-27% |
£510,583 |
158.6% |
£197,458 |
Balance
Sheet
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
31/12/08 |
|
Tangible Assets |
£113,008 |
-16.3% |
£134,940 |
-6.2% |
£143,814 |
-7.5% |
£155,402 |
-12.5% |
£177,681 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£113,008 |
-16.3% |
£134,940 |
-6.2% |
£143,814 |
-7.5% |
£155,402 |
-12.5% |
£177,681 |
|
Stock |
£1,005,973 |
12% |
£897,911 |
-14.2% |
£1,046,972 |
0.9% |
£1,037,865 |
19.3% |
£869,712 |
|
Trade Debtors |
£1,323,040 |
55% |
£853,803 |
-52.2% |
£1,784,380 |
177.5% |
£643,097 |
-54.3% |
£1,408,307 |
|
Cash |
0 |
-100% |
£497,559 |
-36% |
£777,424 |
-34.8% |
£1,193,103 |
481.1% |
£205,307 |
|
Other Debtors |
£362,749 |
-46.7% |
£680,537 |
61.1% |
£422,396 |
37.4% |
£307,351 |
5.3% |
£291,935 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£2,691,762 |
-8.1% |
£2,929,810 |
-27.3% |
£4,031,172 |
26.7% |
£3,181,416 |
14.6% |
£2,775,261 |
|
Trade Creditors |
£259,724 |
7.2% |
£242,303 |
33.2% |
£181,939 |
42.2% |
£127,907 |
-46.9% |
£240,694 |
|
Bank Loans & Overdrafts |
£514,055 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£23,310 |
275.1% |
£6,214 |
-45% |
£11,300 |
-27.9% |
£15,676 |
50.3% |
£10,428 |
|
Miscellaneous Current Liabilities |
£254,550 |
-56.2% |
£581,730 |
-58.2% |
£1,390,843 |
39.9% |
£993,996 |
-2.5% |
£1,019,050 |
|
Total Current Liabilities |
£1,051,639 |
26.7% |
£830,247 |
-47.6% |
£1,584,082 |
39.3% |
£1,137,579 |
-10.4% |
£1,270,172 |
|
Bank Loans & Overdrafts and LTL |
£600,943 |
398.3% |
£120,594 |
-3.2% |
£124,594 |
17.8% |
£105,771 |
5.9% |
£99,885 |
|
Other Long Term Finance |
£75,277 |
- |
£75,277 |
- |
£75,277 |
-10% |
£83,677 |
11.2% |
£75,277 |
|
Total Long Term Liabilities |
£86,888 |
-27.9% |
£120,594 |
-3.2% |
£124,594 |
17.8% |
£105,771 |
5.9% |
£99,885 |
.
Capital
& Reserves
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
31/12/08 |
|
Called Up Share Capital |
£50,000 |
- |
£50,000 |
- |
£50,000 |
- |
£50,000 |
- |
£50,000 |
|
P & L Account Reserve |
£1,616,243 |
-21.7% |
£2,063,909 |
-14.6% |
£2,416,310 |
18.2% |
£2,043,468 |
33.3% |
£1,532,885 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£1,666,243 |
-21.2% |
£2,113,909 |
-14.3% |
£2,466,310 |
17.8% |
£2,093,468 |
32.3% |
£1,582,885 |
Other
Financial Items
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
31/12/08 |
|
Net Worth |
£1,666,243 |
-21.2% |
£2,113,909 |
-14.3% |
£2,466,310 |
17.8% |
£2,093,468 |
32.3% |
£1,582,885 |
|
Working Capital |
£1,640,123 |
-21.9% |
£2,099,563 |
-14.2% |
£2,447,090 |
19.7% |
£2,043,837 |
35.8% |
£1,505,089 |
|
Total Assets |
£2,804,770 |
-8.5% |
£3,064,750 |
-26.6% |
£4,174,986 |
25.1% |
£3,336,818 |
13% |
£2,952,942 |
|
Total Liabilities |
£1,138,527 |
19.7% |
£950,841 |
-44.4% |
£1,708,676 |
37.4% |
£1,243,350 |
-9.2% |
£1,370,057 |
|
Net Assets |
£1,666,243 |
-21.2% |
£2,113,909 |
-14.3% |
£2,466,310 |
17.8% |
£2,093,468 |
32.3% |
£1,582,885 |
Cash
Flow
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
31/12/08 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
£519,640 |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
-100% |
£267,409 |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
-£19,802 |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
£247,607 |
Miscellaneous
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
31/12/08 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£1,753,131 |
-21.5% |
£2,234,503 |
-13.8% |
£2,590,904 |
17.8% |
£2,199,239 |
30.7% |
£1,682,770 |
|
Number of Employees |
57 |
-1.7% |
58 |
-4.9% |
61 |
-12.9% |
70 |
- |
70 |
|
Auditors |
BRIGHT GRAHAME MURRAY |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
LLOYDS TSB BANK PLC |
||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
30/06/13 |
30/06/12 |
30/06/11 |
30/06/10 |
31/12/08 |
|
Pre-tax profit margin % |
-4.20 |
-5.42 |
5.87 |
5.80 |
3.73 |
|
Current ratio |
2.56 |
3.53 |
2.54 |
2.80 |
2.18 |
|
Sales/Net Working Capital |
5.48 |
4.11 |
4.75 |
6.96 |
7.66 |
|
Gearing % |
36.10 |
5.70 |
5.10 |
5.10 |
6.30 |
|
Equity in % |
59.40 |
69 |
59.10 |
62.70 |
53.60 |
|
Creditor Days |
10.51 |
10.21 |
5.69 |
4.90 |
7.59 |
|
Debtor Days |
53.55 |
35.99 |
55.87 |
24.67 |
44.44 |
|
Liquidity/Acid Test |
1.60 |
2.44 |
1.88 |
1.88 |
1.50 |
|
Return On Capital Employed % |
-21.56 |
-20.92 |
26.33 |
37.51 |
25.57 |
|
Return On Total Assets Employed % |
-13.47 |
-15.25 |
16.34 |
24.72 |
14.57 |
|
Current Debt Ratio |
0.63 |
0.39 |
0.64 |
0.54 |
0.80 |
|
Total Debt Ratio |
0.68 |
0.44 |
0.69 |
0.59 |
0.86 |
|
Stock Turnover Ratio % |
11.18 |
10.39 |
9 |
7.29 |
7.54 |
|
Return on Net Assets Employed % |
-22.68 |
-22.12 |
27.67 |
39.40 |
27.18 |
Status
History
No Status History found
Previous
Company Names
No Previous Names found
Statistics
|
Group |
3 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
SPRINGBOURNE PROPERTIES (LONDON) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
SPRINGBOURNE PROPERTIES (LONDON) LIMITED |
Group
structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
00494098 |
30.06.2013 |
Y |
£8,991,625 |
|
|
|
00778716 |
30.06.2013 |
N |
£8,991,625 |
|
|
|
04587650 |
30.06.2013 |
N |
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact
CCJ Details
|
No CCJs found |
Possible
CCJs Details
|
There are no possible CCJ details |
Writ
Details
No writs found
Mortgage
Details
|
Mortgage Type: |
ALL ASSETS DEBENTURE |
||
|
Date Charge Created: |
11/07/07 |
||
|
Date Charge Registered: |
14/07/07 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS TSB COMMERCIAL FINANCE LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
16/08/00 |
||
|
Date Charge Registered: |
17/05/02 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
SPRINGBOURNE PROPERTIES (LONDON) LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
(INCLUDING TRADE FIXTURES) FIXED AND FLOATING CHARGES OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
09/08/91 |
||
|
Date Charge Registered: |
15/08/91 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
(SEE 395 FOR FULL DETAILS) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS
UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
SINGLE DEBENTURE |
||
|
Date Charge Created: |
01/11/79 |
||
|
Date Charge Registered: |
06/11/79 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK LTD |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE ON THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDINGGOODWILL UNCALLED CAPITAL. TOGETHER WITH
FIXED AND MOVEABLE PLANTMACHINERY FIXTURES IMPLEMENTS AND UTENSILS |
||
|
Mortgage Type: |
MORTGAGE |
||
|
Date Charge Created: |
29/11/73 |
||
|
Date Charge Registered: |
04/12/73 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK LTD |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
33 EASTCASTLE STREET LONDON W.1 |
||
|
Mortgage Type: |
MEM OF DEPOSIT |
||
|
Date Charge Created: |
15/12/65 |
||
|
Date Charge Registered: |
17/12/65 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
REGGIE & CO: LTD. |
||
|
Amount Secured: |
£900 |
||
|
Details: |
OFFICES & ROOMS FORMING FRONT PART OF BASEMENT OF 26. LEVER ST.
MANCHESTER |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Blanche Murray |
0 |
4 |
|
Blanche Murray |
0 |
4 |
|
Sidney Murray |
0 |
4 |
|
Howard Murray |
0 |
4 |
|
John David Ledgard |
2 |
2 |
|
Average Invoice
Value |
£21.46 |
|
Invoices
available |
13 |
|
Paid |
13 |
|
Outstanding |
0 |
|
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 |
3 |
7 |
2 |
1 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.03 |
|
UK Pound |
1 |
Rs.98.91 |
|
Euro |
1 |
Rs.80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.