MIRA INFORM REPORT

 

 

Report Date :

16.06.2014

 

IDENTIFICATION DETAILS

 

Name :

KEMPIS ROLLS LIMITED

 

 

Registered Office :

Jamestown Business Park Jamestown Road Finglas 216410

 

 

Country :

Ireland

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

16.08.1982

 

 

Com. Reg. No.:

IE091001

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Manufacture of paper and paperboard.

 

 

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 :

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 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

Ireland

B1

B1

 

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

 

 

 

IRELAND ECONOMIC OVERVIEW

 

Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since the onset of the world financial crisis. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property market and construction industry. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become an even more important component of Ireland's economy. Agriculture, once the most important sector, is now dwarfed by industry and services. In 2008 the former COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient to stabilize Ireland’s public finances. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the country’s deeply troubled banking sector. In late 2010, the former COWEN government agreed to a $92 billion loan package from the EU and IMF to help Dublin recapitalize Ireland’s fragile banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the new KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland has grown slowly since 2011, but managed to reduce the budget deficit to 7.2% of GDP in 2013. In late 2013, Ireland formally exited its EU-IMF bailout program, benefiting from its strict adherence to deficit-reduction targets and success in refinancing a large amount of banking-related debt

 

Source : CIA

 

 

 

Company name and address

 

KEMPIS ROLLS LIMITED

 

Company No:    IE091001

 

Registered Address:

 

JAMESTOWN BUSINESS PARK

JAMESTOWN ROAD

FINGLAS

216410

 

 

Company information

 

Registered Address:                 JAMESTOWN BUSINESS PARK

JAMESTOWN ROAD

FINGLAS

216410

 

Trading address                       JAMESTOWN BUSINESS PARK

JAMESTOWN ROAD

FINGLAS

216410

Tel Number                              (01)8642900

TPS                                          No

FPS                                          No

Type                                         Private Limited with Share Capital

Currency                                  EUR

Share Capital                           Eur 35,560

SIC07                                       17120

Activity                                     Manufacture of paper and paperboard

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

1

 

Current Directors

Name

PAUL MOLLOY

Date of Birth

10/05/1955

Officers Title

 

Nationality

 

Present Appointments

7

Function

Director

Appointment Date

01/01/1902

 

 

Address

32 DOWNSIDE, SKERRIES, CO. DUBLIN

Other Actions

View Director Report

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

GABRIEL MOLLOY

Date of Birth

28/05/1950

Officers Title

 

Nationality

 

Present Appointments

6

Function

Director

Appointment Date

01/01/1902

 

 

Address

21 WILLBROOK DOWNS, RATHFARNHAM, DUBLIN 16

Other Actions

View Director Report

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

CARMEL MOLLOY

Date of Birth

16/07/1954

Officers Title

 

Nationality

 

Present Appointments

59

Function

Company Secretary

Appointment Date

01/01/1902

 

 

Address

32 DOWNSIDE, SKERRIES, CO. DUBLIN.

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

GEORGE MOLLOY

3

3

 

 

NEGATIVE INFORMATION

 

CJ

Total Number of Exact CJs -

0

Total Value of Exact CJs -

€0

Total Number of Possible CJs -

0

Total Value of Possible CJs -

€0

Total Number of Satisfied CJs -

0

Total Value of Satisfied CJs -

€0

 

Possible CJ Details

There are no possible CJ details

 

Writ Details

Unregistered - Exact CJ Details

No CJs found

 

Unregistered - Possible CJ Details

No CJs found

 

Registered - Exact CJ Details

No CJs found

 

Registered - Possible CJ Details

No CJs found

 

 

Mortgage Details

 

Mortgage Type:

LEGAL MORTGAGE.

Date Charge Created:

15/12/00

 

 

Date Charge Registered:

21/06/01

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

NATIONAL IRISH BANK LIMITED

Amount Secured:

 

Details:

ALL SUMS DUE OR TO BECOME DUE WHETHER AS PRINCIPAL OR SURETY BY THE COMPANY TO THE LENDER ON ANY ACCOUNT WHATSOEVER BOTH PRINCIPAL AND INTEREST

 

Mortgage Type:

DEED OF CHATTEL MORTGAGE.

Date Charge Created:

20/11/95

 

 

Date Charge Registered:

06/12/95

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

ICC BANK PLC

Amount Secured:

0

Details:

ALL SUMS DUE OR TO BECOME DUE

 

Mortgage Type:

DEED OF UNDERTAKING.

Date Charge Created:

20/11/95

 

 

Date Charge Registered:

06/12/95

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

ICC BANK PLC

Amount Secured:

0

Details:

ALL SUMS DUE OR TO BECOME DUE

 

Mortgage Type:

DEED OF DEBENTURE.

Date Charge Created:

20/11/95

 

 

Date Charge Registered:

06/12/95

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

ICC BANK PLC

Amount Secured:

0

Details:

ALL SUMS DUE OR TO BECOME DUE

 

Mortgage Type:

A LEGAL MORTGAGE.

Date Charge Created:

30/05/89

 

 

Date Charge Registered:

19/06/89

 

 

Date Charge Satisfied:

08/12/97

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

NATIONAL IRISH INVESTMENT BANK LIMITED

Amount Secured:

0

Details:

ALL SUMS DUE OR TO BECOME DUE WITH INTEREST

 

Mortgage Type:

A FLOATING CHARGE.

Date Charge Created:

30/05/89

 

 

Date Charge Registered:

19/06/89

 

 

Date Charge Satisfied:

-

 

 

Status:

NOT SATISFIED

 

 

Person(s) Entitled:

NATIONAL IRISH INVESTMENT BANK LIMITED

Amount Secured:

0

Details:

ALL SUMS DUE OR TO BECOME DUE WITH INTEREST

 

Mortgage Type:

DEED OF CHATTEL MORTGAGE.

Date Charge Created:

16/03/83

 

 

Date Charge Registered:

05/04/83

 

 

Date Charge Satisfied:

08/12/97

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

INDUSTRIAL CREDIT CORPORATION PLC

Amount Secured:

0

Details:

ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

 

Mortgage Type:

A DEBENTURE.

Date Charge Created:

18/05/83

 

 

Date Charge Registered:

31/05/83

 

 

Date Charge Satisfied:

08/12/97

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

THE GOVERNOR & CO OF THE BANK OF IRELAND

Amount Secured:

0

Details:

ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

 

Mortgage Type:

A MORTGAGE DEBENTURE.

Date Charge Created:

16/03/83

 

 

Date Charge Registered:

05/04/83

 

 

Date Charge Satisfied:

08/12/97

 

 

Status:

FULLY SATISFIED

 

 

Person(s) Entitled:

INDUSTRIAL CREDIT CORPORATION PLC

Amount Secured:

0

Details:

ALL SUMS NOW DUE OR HEREAFTER TO BECOME DUE FROM THE COMPANY TO THE PERSON(S) ENTITLED

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

PAUL MOLLOY

EUR

13,725

ORDINARY B

1.27

CARMEL MOLLOY

EUR

4,200

ORDINARY B

1.27

GABRIEL MOLLOY

EUR

4,200

ORDINARY B

1.27

EXECUTORS OF STEPHEN MOLLOY

EUR

3,241

ORDINARY B

1.27

WILLIE MOLLOY

EUR

2,634

ORDINARY B

1.27

CARMEL MOLLOY

EUR

3

ORDINARY A

1.27

GABRIEL MOLLOY

EUR

1

ORDINARY A

1.27

PAUL MOLLOY

EUR

1

ORDINARY A

1.27

KATHLEEN MOLLOY

EUR

1

ORDINARY A

1.27

Unable to report percentage holdings as filed Shareholder listing is not full.

 

 

PAYMENT INFORMATION

 

Creditor Details

 

Total Number

Total Value

Trade Creditors

0

-

 

No Creditor Data

 

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

-

-

 

No Debtor 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.

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

Group structure

No group structure

 

Statistics

Group

0 companies

Linkages

0 companies

Countries

In 0 countries

 

FINANCIAL INFORMATION

 

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

EUR

(%)

EUR

(%)

EUR

(%)

EUR

(%)

EUR

 

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

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

Turnover

-

-

-

-

-

-

€2,277,862

-15.8%

€2,706,804

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

Export

-

-

-

-

-

-

-

-

-

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

Cost of Sales

-

-

-

-

-

-100%

€423,664

-

-

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

Gross Profit

-

-

-

-

-

-

€1,854,198

-31.5%

€2,706,804

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

Wages & Salaries

-

-

-

-

-

-

-

-

-

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

Directors Emoluments

-

-

-

-

-

-

-

-

-

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

Operating Profit

-

-

-

-

-

-

-

-

-

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

Depreciation

-

-

-

-

-

-

-

-

-

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

Audit Fees

-

-

-

-

-

-

-

-

-

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

Interest Payments

-

-

-

-

-

-

€13,717

-61.2%

€35,353

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

Pre Tax Profit

-

-

-

-

-

-

€7,247

-82.6%

€41,684

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

Taxation

-

-

-

-

-

-

-

100%

-€4,100

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

Profit After Tax

-

-

-

-

-

-

€7,247

-80.7%

€37,584

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

Dividends Payable

-

-

-

-

-

-

-

-

-

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

Retained Profit

-

-

-

-

-

-

€7,247

-80.7%

€37,584

 

 

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

€1,606,430

-4.1%

€1,675,828

-3.9%

€1,743,044

-1.9%

€1,776,154

3.9%

€1,709,412

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

Intangible Assets

0

-

0

-

0

-

0

-

0

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

Total Fixed Assets

€1,606,430

-4.1%

€1,675,828

-3.9%

€1,743,044

-1.9%

€1,776,154

3.9%

€1,709,412

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

Stock

€624,436

0%

€624,390

56.4%

€399,128

19.7%

€333,576

-21.3%

€423,664

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

Trade Debtors

€1,020,142

0.4%

€1,016,322

-6.3%

€1,084,997

3.3%

€1,050,447

4.2%

€1,008,337

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

Cash

€2,806

105.6%

€1,365

-26.4%

€1,855

-98.7%

€139,958

261.5%

€38,711

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

Other Debtors

0

-

0

-

0

-

0

-

0

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

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

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

Total Current Assets

€1,647,384

0.3%

€1,642,077

10.5%

€1,485,980

-2.5%

€1,523,981

3.6%

€1,470,712

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

Trade Creditors

€747,189

13.2%

€659,855

14.3%

€577,348

-1.1%

€583,862

3.9%

€561,978

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

Bank Loans & Overdrafts

€5,682

-95.7%

€132,362

161.4%

€50,628

-

0

-

0

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

Other Short Term Finance

€25,416

-50%

€50,830

-

€50,830

-

€50,830

999.9%

€4,038

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

Miscellaneous Current Liabilities

€146,205

82%

€80,352

178.3%

€28,875

23.3%

€23,415

2.5%

€22,840

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

Total Current Liabilities

€924,492

0.1%

€923,399

30.5%

€707,681

7.5%

€658,107

11.8%

€588,856

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

Bank Loans & Overdrafts and LTL

€53,220

-78.9%

€252,617

-16.9%

€303,918

-20.2%

€380,915

12.9%

€337,402

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

Other Long Term Finance

0

-100%

€25,417

-66.7%

€76,247

-40%

€127,077

-

0

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

Total Long Term Liabilities

€47,538

-60.5%

€120,255

-52.5%

€253,290

-33.5%

€380,915

12.9%

€337,402

 

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

€35,560

-

€35,560

-

€35,560

-

€35,560

-

€35,560

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

P & L Account Reserve

€1,328,321

0.6%

€1,320,788

0.5%

€1,314,590

0.5%

€1,307,650

0.6%

€1,300,403

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

Revaluation Reserve

-

-

-

-

-

-

-

-

-

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

Sundry Reserves

€917,903

-

€917,903

-

€917,903

-

€917,903

-

€917,903

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

Shareholder Funds

€2,281,784

0.3%

€2,274,251

0.3%

€2,268,053

0.3%

€2,261,113

0.3%

€2,253,866

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

€2,281,784

0.3%

€2,274,251

0.3%

€2,268,053

0.3%

€2,261,113

0.3%

€2,253,866

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

Working Capital

€722,892

0.6%

€718,678

-7.7%

€778,299

-10.1%

€865,874

-1.8%

€881,856

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

Total Assets

€3,253,814

-1.9%

€3,317,905

2.8%

€3,229,024

-2.2%

€3,300,135

3.8%

€3,180,124

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

Total Liabilities

€972,030

-6.9%

€1,043,654

8.6%

€960,971

-7.5%

€1,039,022

12.2%

€926,258

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

Net Assets

€2,281,784

0.3%

€2,274,251

0.3%

€2,268,053

0.3%

€2,261,113

0.3%

€2,253,866

 

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

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

Capital Employed

€2,329,322

-2.7%

€2,394,506

-5%

€2,521,343

-4.6%

€2,642,028

2%

€2,591,268

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

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

 

 

Auditor Comments

The company is exempt from audit

 

Bankers

NATIONAL IRISH BANK

 

Bank Branch Code

 

 

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 %

-

-

-

0.32

1.54

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

Current ratio

1.78

1.78

2.10

2.32

2.50

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

Sales/Net Working Capital

-

-

-

2.63

3.07

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

Gearing %

2.30

11.10

13.40

16.80

15

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

Equity in %

70.10

68.50

70.20

68.50

70.90

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

Creditor Days

-

-

-

93.30

75.57

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

Debtor Days

-

-

-

167.86

135.59

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

Liquidity/Acid Test

1.10

1.10

1.53

1.80

1.77

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

Return On Capital Employed %

-

-

-

0.27

1.60

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

Return On Total Assets Employed %

-

-

-

0.21

1.31

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

Current Debt Ratio

0.40

0.40

0.31

0.29

0.26

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

Total Debt Ratio

0.42

0.45

0.42

0.45

0.41

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

Stock Turnover Ratio %

-

-

-

14.64

15.65

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

Return on Net Assets Employed %

-

-

-

0.32

1.84

 

 

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.

 

There is insufficient data to indicate a change in this company's percentage of sales.

 

Net Worth increased by 0.3% during the latest trading period.

 

 

A 1.9% 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 an increase in their Cash Balance of 105.6% 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 made a profit after tax and other appropriations, including dividends.

 

The company was established over 31 years ago.

 

 

Status History

No Status History found

 

 

Event History

 

Date

Description

19/02/2014

New Accounts Filed

18/02/2014

Annual Returns

12/06/2013

Annual Returns

23/02/2013

New Accounts Filed

22/02/2013

Annual Returns

27/01/2012

Annual Returns

27/01/2012

New Accounts Filed

05/03/2011

Annual Returns

05/03/2011

New Accounts Filed

05/03/2011

New Accounts Filed

10/02/2010

New Accounts Filed

09/02/2010

Annual Returns

24/02/2009

Annual Returns

24/02/2009

New Accounts Filed

26/02/2008

Annual Returns

 

Previous Company Names

No Previous Names found

 

 

NOTES & COMMENTS

 

Na

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.48

UK Pound

1

Rs.100.93

Euro

1

Rs.80.71

 

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.