|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FUERST DAY LAWSON LIMITED |
|
|
|
|
Formerly Known as: |
R. VERNEY & CO. LIMITED |
|
|
|
|
Registered Office : |
Devon House 58-60 Saint
Katharines Way London E1W 1JP |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
27.12.2013 |
|
|
|
|
Date of Incorporation : |
02.07.1958 |
|
|
|
|
Com. Reg. No.: |
00607374 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees |
203 |
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 – March 31st, 2014
|
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: |
FUERST DAY LAWSON LIMITED |
|
Company Number: |
00607374 |
|
Registered
Address |
DEVON HOUSE |
Trading Address |
Bowsers Lane |
|
|
58-60 SAINT KATHARINES WAY |
|
Little Walden |
|
|
LONDON |
|
Saffon Walden |
|
|
E1W 1JP |
|
Essex |
|
|
|
|
CB10 1XQ |
|
Website Address |
|
|
|
|
Telephone Number |
02074880777 |
Fax Number |
02072655285 |
|
TPS |
No |
FPS |
Yes |
|
Incorporate Date |
02/07/1958 |
|
|
|
Previous Name |
R. VERNEY & CO. LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
23/01/1991 |
FTSE Index |
- |
|
Currency |
GBP |
Filing Date of
Accounts |
09/05/2014 |
|
SIC07 |
10890 |
Share Capital |
£100,000 |
|
SIC07 Description |
MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C. |
||
|
Principal
Activity |
The supply of ingredients to the food, beverage, pharmaceutical and
chemical industries. |
||
Current Directors
|
Name |
Date of Birth |
26/03/1952 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
12 |
Function |
Director |
|
Appointment Date |
16/11/1991 |
|
|
|
Address |
Devon House, 58-60 Saint Katharines Way, London, E1W 1JP |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
15/02/1954 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
22 |
Function |
Director |
|
Appointment Date |
08/12/2003 |
|
|
|
Address |
Devon House, 58-60 Saint Katharines Way, London, E1W 1JP |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
26/06/1960 |
|
|
Officers Title |
Mr |
Nationality |
Danish |
|
Present Appointments |
9 |
Function |
Director |
|
Appointment Date |
08/12/2006 |
|
|
|
Address |
Devon House, 58-60 Saint Katharines Way, London, E1W 1JP |
||
|
Other Actions |
|
||
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
1 |
7 |
|
|
0 |
3 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
9 |
|
|
0 |
2 |
|
|
2 |
1 |
|
|
2 |
16 |
|
|
2 |
16 |
CCJ
|
Total Number of Exact CCJs - |
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
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
FUERST DAY LAWSON HOLDINGS LTD |
GBP |
88,635 |
ORDINARY |
1 |
88.64 |
|
MAURICE DAY LAWSON |
GBP |
11,365 |
ORDINARY |
1 |
11.37 |
Mortgage Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
07/09/11 |
|
|
|
Date Charge Registered: |
13/09/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED AS SECURITY AGENT |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THETERMS OF 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 |
||
|
|
Total Number of Documented
Trade |
Total Value of Documented
Trade |
|
Trade Debtors |
1 |
£2,967 |
|
Company Name |
Amount |
Statement Date |
|
£2,967 |
12/01/2010 |
|
Average Invoice Value |
£3129.46 |
|
Invoices available |
94 |
|
Paid |
77 |
|
Outstanding |
17 |
|
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 |
10 |
39 |
23 |
4 |
1 |
|
Outstanding |
9 |
4 |
2 |
1 |
1 |
Statistics
|
Group |
8 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
FUERST DAY LAWSON HOLDINGS LIMITED |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
FUERST DAY LAWSON HOLDINGS LIMITED |
|
Company Name |
|
Registered
Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
|
02067286 |
27.12.2013 |
Y |
£169,964,878 |
|
|
|
00491937 |
31.12.2012 |
N |
|
|
|
|
01041636 |
31.12.2012 |
N |
|
|
|
|
00607374 |
27.12.2013 |
N |
£152,564,314 |
|
|
|
01867013 |
27.12.2013 |
N |
£17,162,366 |
|
|
|
01255159 |
31.12.2012 |
N |
|
|
|
|
00615058 |
31.12.2012 |
N |
|
|
|
|
00503497 |
31.12.2012 |
N |
|
Profit & Loss
|
Date Of Accounts |
27/12/13 |
(%) |
28/12/12 |
(%) |
30/12/11 |
(%) |
31/12/10 |
(%) |
25/12/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
53 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£152,564,314 |
-6.1% |
£162,423,950 |
-5% |
£170,938,625 |
11% |
£154,018,467 |
39% |
£110,782,917 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£135,765,793 |
-7.4% |
£146,563,099 |
-6.5% |
£156,786,252 |
10.9% |
£141,411,069 |
43.3% |
£98,652,977 |
|
Gross Profit |
£16,798,521 |
5.9% |
£15,860,851 |
12.1% |
£14,152,373 |
12.3% |
£12,607,398 |
3.9% |
£12,129,940 |
|
Wages & Salaries |
£7,850,609 |
9.6% |
£7,160,141 |
5.7% |
£6,772,521 |
-6% |
£7,207,925 |
61.8% |
£4,454,760 |
|
Directors Emoluments |
£1,402,885 |
1.4% |
£1,382,989 |
18.6% |
£1,165,967 |
12.3% |
£1,037,939 |
-12.7% |
£1,188,334 |
|
Operating Profit |
£1,697,593 |
48.2% |
£1,145,349 |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£553,101 |
11.8% |
£494,816 |
8.8% |
£454,602 |
4.7% |
£434,316 |
18.4% |
£366,924 |
|
Audit Fees |
£52,250 |
- |
£52,250 |
3% |
£50,750 |
-2% |
£51,800 |
3.1% |
£50,240 |
|
Interest Payments |
£934,540 |
1% |
£925,124 |
-28.9% |
£1,300,416 |
203.7% |
£428,241 |
74.9% |
£244,899 |
|
Pre Tax Profit |
£766,771 |
247% |
£220,968 |
-4.5% |
£231,474 |
-24.1% |
£304,920 |
-46.3% |
£567,373 |
|
Taxation |
-£108,227 |
-330.3% |
£46,994 |
291.8% |
-£24,497 |
66.7% |
-£73,567 |
52.9% |
-£156,049 |
|
Profit After Tax |
£658,544 |
145.8% |
£267,962 |
29.5% |
£206,977 |
-10.5% |
£231,353 |
-43.8% |
£411,324 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£658,544 |
145.8% |
£267,962 |
29.5% |
£206,977 |
-10.5% |
£231,353 |
-43.8% |
£411,324 |
Balance Sheet
|
Date Of Accounts |
27/12/13 |
(%) |
28/12/12 |
(%) |
30/12/11 |
(%) |
31/12/10 |
(%) |
25/12/09 |
|
Tangible Assets |
£4,304,810 |
6.4% |
£4,044,298 |
20.1% |
£3,368,687 |
4.6% |
£3,220,765 |
78.9% |
£1,799,862 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£4,304,810 |
6.4% |
£4,044,298 |
20.1% |
£3,368,687 |
4.6% |
£3,220,765 |
78.9% |
£1,799,862 |
|
Stock |
£33,856,802 |
21.4% |
£27,891,716 |
-2.1% |
£28,480,056 |
13.1% |
£25,184,323 |
20.3% |
£20,939,964 |
|
Trade Debtors |
£22,932,188 |
27.7% |
£17,959,094 |
-13.1% |
£20,675,002 |
14.8% |
£18,015,915 |
-1.3% |
£18,244,238 |
|
Cash |
£5,581 |
999.9% |
£402 |
-100% |
£2,847,457 |
999.9% |
£844 |
76.2% |
£479 |
|
Other Debtors |
£1,303,487 |
141.1% |
£540,662 |
38.7% |
£389,793 |
-51.8% |
£808,687 |
362.6% |
£174,807 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£58,098,058 |
25.2% |
£46,391,874 |
-11.5% |
£52,392,308 |
19% |
£44,009,769 |
11.8% |
£39,359,488 |
|
Trade Creditors |
£20,902,488 |
17.6% |
£17,773,166 |
-17.5% |
£21,544,218 |
7.8% |
£19,980,251 |
7.9% |
£18,511,427 |
|
Bank Loans & Overdrafts |
£21,682,413 |
26.5% |
£17,142,985 |
-5.5% |
£18,140,924 |
51.5% |
£11,973,405 |
-21.7% |
£15,287,555 |
|
Other Short Term Finance |
£16,109,409 |
28.7% |
£12,516,155 |
-6% |
£13,309,368 |
4.2% |
£12,775,894 |
158.1% |
£4,949,873 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
-100% |
£8,130 |
- |
0 |
-100% |
£140,864 |
|
Total Current Liabilities |
£58,694,310 |
23.7% |
£47,432,306 |
-10.5% |
£53,002,640 |
18.5% |
£44,729,550 |
15% |
£38,889,719 |
|
Bank Loans & Overdrafts and LTL |
£21,756,504 |
26.7% |
£17,170,928 |
-5.6% |
£18,191,318 |
51.9% |
£11,973,405 |
-21.7% |
£15,287,555 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£74,091 |
165.2% |
£27,943 |
-44.6% |
£50,394 |
- |
0 |
- |
0 |
Capital & Reserves
|
Date Of Accounts |
27/12/13 |
(%) |
28/12/12 |
(%) |
30/12/11 |
(%) |
31/12/10 |
(%) |
25/12/09 |
|
Called Up Share Capital |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
|
P & L Account Reserve |
£3,534,467 |
22.9% |
£2,875,923 |
10.3% |
£2,607,961 |
8.6% |
£2,400,984 |
10.7% |
£2,169,631 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£3,634,467 |
22.1% |
£2,975,923 |
9.9% |
£2,707,961 |
8.3% |
£2,500,984 |
10.2% |
£2,269,631 |
Other Financial Items
|
Date Of Accounts |
27/12/13 |
(%) |
28/12/12 |
(%) |
30/12/11 |
(%) |
31/12/10 |
(%) |
25/12/09 |
|
Net Worth |
£3,634,467 |
22.1% |
£2,975,923 |
9.9% |
£2,707,961 |
8.3% |
£2,500,984 |
10.2% |
£2,269,631 |
|
Working Capital |
-£596,252 |
42.7% |
-£1,040,432 |
-70.5% |
-£610,332 |
15.2% |
-£719,781 |
-253.2% |
£469,769 |
|
Total Assets |
£62,402,868 |
23.7% |
£50,436,172 |
-9.5% |
£55,760,995 |
18.1% |
£47,230,534 |
14.8% |
£41,159,350 |
|
Total Liabilities |
£58,768,401 |
23.8% |
£47,460,249 |
-10.5% |
£53,053,034 |
18.6% |
£44,729,550 |
15% |
£38,889,719 |
|
Net Assets |
£3,634,467 |
22.1% |
£2,975,923 |
9.9% |
£2,707,961 |
8.3% |
£2,500,984 |
10.2% |
£2,269,631 |
Cash Flow
|
Date Of Accounts |
27/12/13 |
(%) |
28/12/12 |
(%) |
30/12/11 |
(%) |
31/12/10 |
(%) |
25/12/09 |
|
Net Cashflow from Operations |
-£2,675,971 |
-999.9% |
£172,002 |
109.9% |
-£1,737,682 |
-128.5% |
£6,107,666 |
74.5% |
£3,499,158 |
|
Net Cashflow before Financing |
-£4,534,249 |
-145.2% |
-£1,849,116 |
44.3% |
-£3,320,906 |
-200.2% |
£3,314,515 |
19.2% |
£2,781,663 |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
-£4,534,249 |
-145.2% |
-£1,849,116 |
44.3% |
-£3,320,906 |
-200.2% |
£3,314,515 |
19.2% |
£2,781,663 |
Miscellaneous
|
Date Of Accounts |
27/12/13 |
(%) |
28/12/12 |
(%) |
30/12/11 |
(%) |
31/12/10 |
(%) |
25/12/09 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£3,708,558 |
23.5% |
£3,003,866 |
8.9% |
£2,758,355 |
10.3% |
£2,500,984 |
10.2% |
£2,269,631 |
Ratios
|
Date Of Accounts |
27/12/13 |
28/12/12 |
30/12/11 |
31/12/10 |
25/12/09 |
|
Pre-tax profit margin % |
0.50 |
0.14 |
0.14 |
0.20 |
0.51 |
|
Current ratio |
0.99 |
0.98 |
0.99 |
0.98 |
1.01 |
|
Sales/Net Working Capital |
-255.87 |
-156.11 |
-280.07 |
-213.98 |
235.82 |
|
Gearing % |
598.60 |
577 |
671.80 |
478.70 |
673.60 |
|
Equity in % |
5.80 |
5.90 |
4.90 |
5.30 |
5.50 |
|
Creditor Days |
49.87 |
39.83 |
45.87 |
48.12 |
60.82 |
|
Debtor Days |
54.71 |
40.24 |
44.02 |
43.39 |
59.94 |
|
Liquidity/Acid Test |
0.41 |
0.39 |
0.45 |
0.42 |
0.47 |
|
Return On Capital Employed % |
20.67 |
7.35 |
8.39 |
12.19 |
24.99 |
|
Return On Total Assets Employed % |
1.22 |
0.43 |
0.41 |
0.64 |
1.37 |
|
Current Debt Ratio |
16.14 |
15.93 |
19.57 |
17.88 |
17.13 |
|
Total Debt Ratio |
16.16 |
15.94 |
19.59 |
17.88 |
17.13 |
|
Stock Turnover Ratio % |
22.19 |
17.17 |
16.66 |
16.35 |
18.90 |
|
Return on Net Assets Employed % |
21.09 |
7.42 |
8.54 |
12.19 |
24.99 |
N/a
Current Company Secretary
|
Name |
Date of Birth |
15/02/1954 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
22 |
Function |
Company Secretary |
|
Appointment Date |
08/12/2003 |
|
|
|
Address |
Devon House, 58-60 Saint Katharines Way, London, E1W 1JP |
||
|
Number of Employees |
203 |
8.6% |
187 |
-3.1% |
193 |
73.9% |
111 |
44.2% |
77 |
|
Auditors |
DELOITTE LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
NATIONAL WESTMINSTER BANK PLC |
||||||||
|
Bank Branch Code |
|
||||||||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
17/05/2014 |
New Accounts Filed |
|
17/05/2014 |
New Accounts Filed |
|
03/12/2013 |
Annual Returns |
|
25/05/2013 |
New Accounts Filed |
|
25/05/2013 |
New Accounts Filed |
|
07/12/2012 |
Annual Returns |
|
19/05/2012 |
New Accounts Filed |
|
12/12/2011 |
Annual Returns |
|
27/06/2011 |
New Accounts Filed |
|
10/12/2010 |
Annual Returns |
|
21/05/2010 |
New Accounts Filed |
|
21/05/2010 |
New Accounts Filed |
|
29/12/2009 |
Annual Returns |
|
30/11/2009 |
Annual Returns |
|
02/06/2009 |
New Accounts Filed |
Previous Company Names
|
Date |
Previous Name |
|
23/01/1997 |
R.VERNEY & CO.LIMITED |
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has increased from 65 to 78 which
indicates very good creditworthiness. |
|
|
The credit limit on this company has risen 46.2% in comparison to the
previously suggested credit limit. |
|
|
Sales in the latest trading period decreased 6.1% on the previous
trading period. |
|
|
Net Worth increased by 22.1% during the latest trading period. |
|
|
A 23.7% growth in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits increased by 247% compared to the previous trading
period. |
|
|
The company saw an increase in their Cash Balance of 999.9% during the
latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is part of a group. |
|
|
The company was established over 55 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.30 |
|
UK Pound |
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SDA |
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.