MIRA
INFORM REPORT
|
Report Date : |
05.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
WORLD SHINER (UK)
LIMITED |
|
|
|
|
Registered Office : |
11 Ashurst Road
Cockfosters Hertfordshire EN4 9LE |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
08.01.2004 |
|
|
|
|
Com. Reg. No.: |
05009524 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of jewelers |
|
|
|
|
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
second largest economy in Europe after Germany. Over the past two decades, the
government has greatly reduced public ownership and contained the growth of
social welfare programs. 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, account by far for the largest proportion of GDP while
industry continues to decline in importance. 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. Sharply declining 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 include
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 over 10% of GDP in 2010 to nearly 1% by 2015. In November
2011, Chancellor of the Exchequer George OSBORNE announced additional austerity
measures through 2017 because of slower-than-expected economic growth and the
impact of 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 up to £375 billion (approximately $605 billion) as of
December 2012. 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. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase
Source
: CIA
Company name and address
|
Company Name: |
WORLD SHINER (UK) LIMITED |
|
Company No: |
05009524 |
|
Registered Address: |
|
|
11 ASHURST ROAD |
|
|
COCKFOSTERS |
|
|
HERTFORDSHIRE |
|
|
EN4 9LE |
|
Branch Address
WORLD SHINER (UK)
LIMITED
Suite-160, 1ST Floor,,
Castle Street, W1w 8ea, London United Kingdom
Phone : +44 20 7323 1144
Fax : +44 20 7323 1155
Email : uk@worldshiner.com
Company summary
|
Company Name |
WORLD SHINER (UK) LIMITED |
Company Number |
05009524 |
|
Registered Address |
11 ASHURST ROAD |
Trading Address |
Princess House |
|
|||
|
Website Address |
|
||
|
Telephone Number |
- |
|
|
|
TPS |
- |
|
|
|
Incorporation Date |
08/01/2004 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
Type |
Private limited with Share Capital |
|
|
Date of Change |
- |
Filing Date of Accounts |
10/01/2013 |
|
|
|
Share Capital |
£100 |
|
SIC03 |
5190 |
Currency |
GBP |
|
SIC03 Description |
Other wholesale |
||
|
SIC07 |
46900 |
||
|
SIC07 Description |
NON-SPECIALISED WHOLESALE TRADE |
||
|
Principal Activity |
Wholesale jewellers. |
||
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
There is insufficient data to indicate a change in this companies percentage of sales. |
|
|
Net Worth increased by 87.2% during the latest trading period. |
|
|
A 4.3% growth in Total Assets occurred during the latest trading period. |
|
|
There is insufficient data to indicate a change in this companies pre-tax profit. |
|
|
The company saw an increase in their Cash Balance of 79.7% during the latest trading period. |
|
|
The company is exempt from audit. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is 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 9 years ago. |
|
%20LIMITED%20-%20265858%2005-May-2014_files/image001.gif){kind=small}
%20LIMITED%20-%20265858%2005-May-2014_files/image002.gif){kind=small}
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/06/2012 |
- |
- |
£273,107 |
- |
|
30/06/2011 |
- |
- |
£145,866 |
- |
|
28/06/2010 |
- |
- |
£113,932 |
- |
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 - |
2 |
|
|
Total Value of Documented Trade Debtors / Bad Debt - |
£37,990 |
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
|
Total Current Directors |
1 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
4 |
Current Directors
|
Name |
Date of Birth |
18/01/1982 |
|
|
Officers Title |
Nationality |
Indian |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
16/03/2004 |
||
|
Address |
Flat G 15 Adamson Road, London, NW3 3HU |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Nationality |
British |
|
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
03/01/2007 |
||
|
Address |
11 Ashurst Road, Cockfosters, Hertfordshire, EN4 9LE |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
TREASURE INVESTMENTS LTD |
GBP |
100 |
ORDINARY |
1 |
100 |
Profit & Loss
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
28/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
|
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 |
£979 |
-17.9% |
£1,193 |
46.7% |
£813 |
-3.8% |
£845 |
-25% |
£1,127 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
%20LIMITED%20-%20265858%2005-May-2014_files/image004.gif){kind=small}
Balance Sheet
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
28/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
|
|
Tangible Assets |
£2,152 |
-31.3% |
£3,131 |
-27.6% |
£4,324 |
70.5% |
£2,536 |
-25% |
£3,382 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£2,152 |
-31.3% |
£3,131 |
-27.6% |
£4,324 |
70.5% |
£2,536 |
-25% |
£3,382 |
|
|
Stock |
£504,116 |
-35.5% |
£781,621 |
-6.1% |
£832,742 |
34.3% |
£619,993 |
-37.3% |
£989,092 |
|
|
Trade Debtors |
£991,580 |
44.6% |
£685,576 |
4.4% |
£656,679 |
43.2% |
£458,592 |
6.4% |
£430,920 |
|
|
Cash |
£84,298 |
79.7% |
£46,903 |
-46.4% |
£87,554 |
319.7% |
£20,862 |
-20% |
£26,078 |
|
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£1,579,994 |
4.4% |
£1,514,100 |
-4% |
£1,576,975 |
43.4% |
£1,099,447 |
-24% |
£1,446,090 |
|
|
Trade Creditors |
£1,309,039 |
-4.5% |
£1,371,365 |
-6.5% |
£1,467,367 |
46.4% |
£1,002,256 |
-25.5% |
£1,344,957 |
|
|
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 |
£1,309,039 |
-4.5% |
£1,371,365 |
-6.5% |
£1,467,367 |
46.4% |
£1,002,256 |
-25.5% |
£1,344,957 |
|
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital & Reserves
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
28/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
|
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
|
P & L Account Reserve |
£273,007 |
87.3% |
£145,766 |
28.1% |
£113,832 |
14.3% |
£99,627 |
-4.6% |
£104,415 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£273,107 |
87.2% |
£145,866 |
28% |
£113,932 |
14.2% |
£99,727 |
-4.6% |
£104,515 |
Other Financial Items
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
28/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
|
|
Net Worth |
£273,107 |
87.2% |
£145,866 |
28% |
£113,932 |
14.2% |
£99,727 |
-4.6% |
£104,515 |
|
|
Working Capital |
£270,955 |
89.8% |
£142,735 |
30.2% |
£109,608 |
12.8% |
£97,191 |
-3.9% |
£101,133 |
|
|
Total Assets |
£1,582,146 |
4.3% |
£1,517,231 |
-4.1% |
£1,581,299 |
43.5% |
£1,101,983 |
-24% |
£1,449,472 |
|
|
Total Liabilities |
£1,309,039 |
-4.5% |
£1,371,365 |
-6.5% |
£1,467,367 |
46.4% |
£1,002,256 |
-25.5% |
£1,344,957 |
|
|
Net Assets |
£273,107 |
87.2% |
£145,866 |
28% |
£113,932 |
14.2% |
£99,727 |
-4.6% |
£104,515 |
Miscellaneous
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
28/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£273,107 |
87.2% |
£145,866 |
28% |
£113,932 |
14.2% |
£99,727 |
-4.6% |
£104,515 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
||||||||||
|
Auditor Comments |
The company is exempt from audit |
|||||||||
|
Bankers |
||||||||||
|
Bank Branch Code |
||||||||||
Ratios
|
Date Of Accounts |
30/06/12 |
30/06/11 |
28/06/10 |
30/06/09 |
30/06/08 |
|
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
1.21 |
1.10 |
1.07 |
1.10 |
1.08 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
|
Equity in % |
17.30 |
9.60 |
7.20 |
9 |
7.20 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.82 |
0.53 |
0.50 |
0.47 |
0.33 |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
4.79 |
9.40 |
12.87 |
10.04 |
12.86 |
|
|
Total Debt Ratio |
4.79 |
9.40 |
12.87 |
10.04 |
12.86 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
15/02/2013 |
Annual Returns |
|
15/01/2013 |
New Accounts Filed |
|
31/03/2012 |
New Accounts Filed |
|
26/01/2012 |
Annual Returns |
|
20/07/2011 |
New Accounts Filed |
|
20/07/2011 |
New Accounts Filed |
|
23/03/2011 |
Annual Returns |
|
21/03/2011 |
Mr A.M. Jhaveri has left the board |
|
31/03/2010 |
New Accounts Filed |
|
13/03/2010 |
Annual Returns |
|
25/01/2010 |
Annual Returns |
|
25/01/2010 |
Annual Returns |
|
03/05/2009 |
New Accounts Filed |
|
14/01/2009 |
Annual Returns |
|
02/05/2008 |
New Accounts Filed |
Previous Company Names
Statistics
|
Group |
2 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
TREASURE INVESTMENTS LTD |
Group structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
TREASURE INVESTMENTS LTD |
|
N/A |
- |
- |
|
|
WORLD
SHINER (UK) LIMITED |
|
05009524 |
30.06.2012 |
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
Mortgage Details
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
20/05/10 |
||
|
Date Charge Registered: |
22/05/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MOUNT EDEN LAND LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
THE DEPOSITED SUM IN A SEPARATELT DESIGNATED DEPOSIT ACCOUNT SEE IMAGE FOR FULLDETAILS |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
11/06/07 |
||
|
Date Charge Registered: |
19/06/07 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MOUNT EDEN LAND LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF A DESIGNATED DEPOSIT ACCOUNT |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
29/04/04 |
||
|
Date Charge Registered: |
01/05/04 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MOUNT EDEN LAND LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF A DEPOSIT ACCOUNT OPENED BY THE LANDLORD WITH HISBANKERS; SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
Creditor Details
|
No Creditor Data |
||
|
Total Value |
- |
|
Trade Debtors / Bad Debt Detail
|
Company Name |
Amount |
Statement Date |
|
£26,458 |
31/01/2011 |
|
|
£11,532 |
20/07/2012 |
|
|
Total Value |
£37,990 |
|
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
170 |
94 |
|
|
0 |
1 |
|
|
9353 |
196297 |
|
|
11630 |
198011 |
|
Average Invoice Value |
£96.07 |
|
Invoices available |
33 |
|
Paid |
30 |
|
Outstanding |
3 |
|
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 |
7 |
18 |
5 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
3 |
0 |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.