MIRA INFORM REPORT

 

 

Report Date :

25.06.2014

 

IDENTIFICATION DETAILS

 

Name :

PROSIG LIMITED

 

 

Formerly Known As :

PROSIG COMPUTER CONSULTANTS LIMITED                         

 

 

Registered Office :

Link House, 44a High Street, Fareham Hants, Po16 7bq

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.10.2013

 

 

Date of Incorporation :

01.11.1977

 

 

Com. Reg. No.:

01336698

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Engaged in manufacturing electronic measuring, testing equipment, not for industrial process control

·         Engaged in computer consultancy

·         Engaged in manufacturing and supplying of computer software, together with the manufacture, assembly and supply of computer hardware

·         Engaged in manufacturing, assembling & supplying of data acquisition systems, as well as the operation of a hotel and conference centre.

 

 

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)

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 NAME & ADDRESS

 

Company Name            PROSIG LIMITED

Company No:               01336698

Registered Address:     LINK HOUSE44A HIGH STREETFAREHAM HANTSPO16 7BQ

 

 

Company Summary

 

Registered Address      LINK HOUSE

44A HIGH STREET
FAREHAM HANTS
PO16 7BQ

 

Trading Address            Link House

44A High Street
Fareham
Hampshire
PO16 7BQ

Website Address           http://www.prosig.com

 

Telephone Number        01329239925

 

TPS                              Yes

 

FPS                              No

 

Incorporation Date         01/11/1977

 

Previous Name              PROSIG COMPUTER CONSULTANTS LIMITED

 

Type                             Private limited with Share Capital

 

FTSE Index                   -

 

Date of Change             19/05/1997

 

Filing Date of Accounts 14/05/2014

 

Currency                       GBP

 

Share Capital                £13,463

 

Principal Activity

·         Engaged in manufacturing electronic measuring, testing equipment, not for industrial process control

·         Engaged in computer consultancy

·         Engaged in manufacturing and supplying of computer software, together with the manufacture, assembly and supply of computer hardware

·         Engaged in manufacturing, assembling & supplying of data acquisition systems, as well as the operation of a hotel and conference centre.

 

 

Key Financials

 

Year to Date                             Shareholder                

31/10/2013                                £731,819

31/10/2012                                £1,077,014

31/10/2011                                £1,240,386

 

 

Mortgage Summary

 

Total Mortgage                         9

Outstanding                             4

Satisfied                                   5

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                               0

Total Value of Documented Trade                                  £0

 

Commentary

 

No exact match CCJs are recorded against the company.

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

Net Worth decreased by 32.1% during the latest trading period.

A 24.2% 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 21.6% 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 incurred a loss after tax and other appropriations, including dividends.

The company was established over 36 years ago.

 

CCJ

 

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 -

-

 

Payment Information

 

Payment Trend

STABLE

 

Customer Payment Experiences

Within terms                  91+ Days

 

 

Number of Experiences             -

Customer Payment Experiences are supplied based on their payment experience with their customers.

 

Trade Payment Information

 

Average Invoice Value

95.56

Invoices available

12

Paid

12

Outstanding

0

 

 

Enquiries Trend

 

There have been 22 enquiries in the last 12 months.

There are an average of 2 reports taken each month.

 

 

Total Current Directors

5

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

3

 

Current Directors

 

Name

Colin Allen Mercer

Date of Birth

04/03/1940

Officers Title

Dr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

07/05/1991

Address

Link House, 44a High Street, Fareham Hants, PO16 7BQ

 

Name

James Frederick Marshall

Date of Birth

13/03/1951

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

07/05/1991

Address

Link House, 44a High Street, Fareham Hants, PO16 7BQ

 

Name

Adrian Philip Lincoln

Date of Birth

19/08/1950

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

07/05/1991

Address

Link House, 44a High Street, Fareham Hants, PO16 7BQ

 

Name

Donald Davies

Date of Birth

08/09/1957

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

15/05/2003

Address

Link House, 44a High Street, Fareham Hants, PO16 7BQ

 

Name

Christopher Mason

Date of Birth

01/01/1963

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

15/05/2003

Address

Link House, 44a High Street, Fareham Hants, PO16 7BQ

 

 

Current Company Secretary

 

Name

Colin Allen Mercer

Date of Birth

04/03/1940

Officers Title

Dr

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

07/05/1991

Address

Link House, 44a High Street, Fareham Hants, PO16 7BQ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

COLIN ALLEN MERCER

GBP

2,635

ORDINARY A

1

19.57

JAMES FREDERICK MARSHALL

GBP

2,583

ORDINARY A

1

19.19

CHRISTOPHER JOHN EVANS

GBP

2,582

ORDINARY A

1

19.18

ADRIAN PHILIP LINCOLN

GBP

2,582

ORDINARY A

1

19.18

TRUSTEES OF COLIN ALLEN MERCER

GBP

1,434

ORDINARY A

1

10.65

S.E. MERCER

GBP

823

ORDINARY A

1

6.11

A.S. MERCER

GBP

823

ORDINARY A

1

6.11

VALERIE ROSEMARY MERCER

GBP

1

ORDINARY A

1

0.01

 

Profit & Loss

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£36,440

-0.5%

£36,624

-12.5%

£41,878

0.3%

£41,763

-0.2%

£41,852

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Tangible Assets

£900,586

-3.8%

£936,512

-13.6%

£1,083,536

-4.6%

£1,135,414

-3.2%

£1,172,501

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£900,586

-3.8%

£936,512

-13.6%

£1,083,536

-4.6%

£1,135,414

-3.2%

£1,172,501

Stock

£139,542

-1.4%

£141,577

-35.4%

£219,271

-22%

£281,165

84.6%

£152,322

Trade Debtors

£76,823

-81.2%

£408,606

-0.1%

£409,034

-34.9%

£628,269

23.9%

£506,936

Cash

£284,246

-21.6%

£362,410

-10%

£402,734

510.7%

£65,948

-54.2%

£144,095

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£500,611

-45.1%

£912,593

-11.5%

£1,031,039

5.7%

£975,382

21.4%

£803,353

Trade Creditors

£281,587

-5%

£296,431

-1.7%

£301,536

-8.1%

£328,197

-1.9%

£334,657

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£281,587

-5%

£296,431

-1.7%

£301,536

-8.1%

£328,197

-1.9%

£334,657

Bank Loans & Overdrafts and LTL

£387,791

-18.5%

£475,660

-16.9%

£572,653

-21.3%

£727,256

-4.2%

£758,953

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£387,791

-18.5%

£475,660

-16.9%

£572,653

-21.3%

£727,256

-4.2%

£758,953

 

 

Capital & Reserves

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Called Up Share Capital

£13,463

-

£13,463

-

£13,463

-

£13,463

-

£13,463

P & L Account Reserve

£107,241

-74.8%

£424,792

-5.6%

£450,120

102%

£222,833

999.9%

£17,090

Revaluation Reserve

£598,878

-4.4%

£626,522

-18.1%

£764,566

-5.2%

£806,810

-3.9%

£839,454

Sundry Reserves

£12,237

-

£12,237

-

£12,237

-

£12,237

-

£12,237

Shareholder Funds

£731,819

-32.1%

£1,077,014

-13.2%

£1,240,386

17.5%

£1,055,343

19.6%

£882,244

 

 

Other Financial Items

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Net Worth

£731,819

-32.1%

£1,077,014

-13.2%

£1,240,386

17.5%

£1,055,343

19.6%

£882,244

Working Capital

£219,024

-64.5%

£616,162

-15.5%

£729,503

12.7%

£647,185

38.1%

£468,696

Total Assets

£1,401,197

-24.2%

£1,849,105

-12.6%

£2,114,575

0.2%

£2,110,796

6.8%

£1,975,854

Total Liabilities

£669,378

-13.3%

£772,091

-11.7%

£874,189

-17.2%

£1,055,453

-3.5%

£1,093,610

Net Assets

£731,819

-32.1%

£1,077,014

-13.2%

£1,240,386

17.5%

£1,055,343

19.6%

£882,244

 

Miscellaneous

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,119,610

-27.9%

£1,552,674

-14.4%

£1,813,039

1.7%

£1,782,599

8.6%

£1,641,197

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

Auditor Comments

The company is exempt from audit

Bankers

ROYAL BANK OF SCOTLAND(

Bank Branch Code

16-28-24

 

Ratios

 

Date Of Accounts

31/10/13

31/10/12

31/10/11

31/10/10

31/10/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.78

3.08

3.42

2.97

2.40

Sales/Net Working Capital

-

-

-

-

-

Gearing %

53

44.20

46.20

68.90

86

Equity in %

52.20

58.20

58.70

50

44.70

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.28

2.60

2.69

2.11

1.94

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.38

0.27

0.24

0.31

0.37

Total Debt Ratio

0.91

0.71

0.70

1

1.23

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

03/06/2014

Annual Returns

20/05/2014

New Accounts Filed

14/05/2013

Annual Returns

02/04/2013

New Accounts Filed

10/07/2012

New Accounts Filed

15/05/2012

Annual Returns

18/07/2011

New Accounts Filed

14/05/2011

Annual Returns

21/05/2010

Annual Returns

16/04/2010

New Accounts Filed

27/05/2009

Annual Returns

05/02/2009

New Accounts Filed

03/09/2008

New Accounts Filed

26/05/2008

Annual Returns

31/08/2007

New Accounts Filed

 

Previous Company Names

 

Date

Previous Name

19/05/1997

PROSIG COMPUTER CONSULTANTS LIMITED

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Group structure

 

No group structure

 

 

Exact CCJ Details

 

No CCJs found

 

Possible CCJs Details

 

There are no possible CCJ details

 

Writ Details

 

No writs found

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

28/04/14

Date Charge Registered:

14/05/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

VALERIE MERCER;COLIN MERCER;

Amount Secured:

Details:

THE PROPRTY KNOWN AS LINK HOUSE 44 A HIGH STREET FAREHAM HAMPSHIRE PO16 7BQ ANDREGISTERED AT HM LAND REGISTRY WITH TITLE NUMBERS HP187287 AND HP308632, AND ALL BUILDINGS, ERECTIONS, STRUCTURES, FIXTURES, FITTINGS AND APPURTENANCES ON THE SAME FROM TIME TO TIME.CONTAINS NEGATIVEPLEDGE.

 

 

Mortgage Type:

Date Charge Created:

28/04/14

Date Charge Registered:

14/05/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LYSSES LIMITED;

Amount Secured:

Details:

THE PROPERTY KNOWN AS LINK HOUSE 44 A HIGH STREET FAREHAM HAMPSHIRE PO16 7BQ AND REGISTERED AT HM LAND REGISTRY WITH TITLE NUMBERS HP187287 AND HP308632, AND ALL BUILDINGS, ERECTIONS, STRUCTURES, FIXTURES, FITTINGS AND APPURTENANCES ON THESAME FROM TIME TO TIME.CONTAINS NEGATIVE PLEDGE.

 

 

 

Mortgage Type:

CHARGE OF DEPOSIT

Date Charge Created:

05/08/10

Date Charge Registered:

14/08/10

Date Charge Satisfied:

29/05/14

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC;

Amount Secured:

Details:

ALL AMOUNTS NOW AND IN THE FUTURE CREDITED TO ACCOUNT NUMBER 10038039 WITH THE BANK

 

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

23/08/07

Date Charge Registered:

25/08/07

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

COLIN MERCER AND VALERIE MERCER

Amount Secured:

£150,000.00 DUE OR TO BECOME DUE

Details:

LAND LYING TO THE EAST OF HIGH STREET FAREHAM HAMPSHIRE (K/A LINK HOUSE 44A HIGH STREET FAREHAM

 

 

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

23/08/07

Date Charge Registered:

25/08/07

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LYSSES LIMITED

Amount Secured:

£300,000.00 DUE OR TO BECOME DUE

Details:

LAND LYING TO THE EAST OF HIGH STREET FAREHAM HAMPSHIRE (K/A LINK HOUSE 44A HIGH STREET FAREHAM)

 

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

16/07/04

Date Charge Registered:

29/07/04

Date Charge Satisfied:

29/05/14

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC;

Amount Secured:

Details:

LINK HOUSE, 44A HIGH STREET, FAREHAM, HAMPSHIREBY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS ANDUTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

 

 

 

Mortgage Type:

DEBENTURE

Date Charge Created:

26/05/04

Date Charge Registered:

28/05/04

Date Charge Satisfied:

29/05/14

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC;

Amount Secured:

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

 

 

Mortgage Type:

DEBENTURE

Date Charge Created:

04/10/97

Date Charge Registered:

11/10/97

Date Charge Satisfied:

20/02/04

Status:

SATISFIED

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:

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:

19/04/82

Date Charge Registered:

23/04/82

Date Charge Satisfied:

12/02/04

Status:

SATISFIED

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:

F/H LAND EAST OF HIGH STREET FAREHAM HANTS HP 187287

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Christopher John Evans

1

2

Ronald Mathers Richmond

0

1

Barrie John May

2

1

 

Average Invoice Value

£95.56

 

Invoices available

12

Paid

12

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

2

8

1

1

0

Outstanding

0

0

0

0

0

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.11

UK Pound

1

Rs.102.32

Euro

1

Rs.81.75

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

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.