MIRA INFORM REPORT
|
Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
COX & KINGS TRAVEL LIMITED |
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|
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Formerly Known As : |
COX & KINGS LIMITED |
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Registered Office : |
6th Floor 30 Millbank London Sw1p 4ee |
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Country : |
United
Kingdom |
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|
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|
Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
23.05.1916 |
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Com. Reg. No.: |
00143904 |
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Legal Form : |
Private Limited with Share Capital |
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Line of Business : |
Tour Operator and Travel Organisers |
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No. of Employees : |
96 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
REGISTERED
NAME & COMPANY SUMMARY
Company Name:
COX & KINGS TRAVEL LIMITED
Company No:
00143904
Company Status:
Active - Accounts Filed
Registered Address:
6TH FLOOR 30 MILLBANK LONDON SW1P 4EE
DIRECTORS/MANAGEMENT
|
Total Current Directors |
4 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
5 |
Current Directors
|
Name |
David John Quinn |
Date of Birth |
20/06/1941 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
32 |
Function |
Director |
|
Appointment Date |
16/11/2010 |
|
|
|
Address |
Southcroft 6 Caledon Road, Beaconsfield, Buckinghamshire, HP9 2BX |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
|
Name |
Peter Ajit Ajay Kerkar |
Date of Birth |
19/06/1963 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
23 |
Function |
Director |
|
Appointment Date |
05/10/1994 |
|
|
|
Address |
5 Priory Road, London, NW6 4NN |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
|
Name |
Anthony Bruton Meyrick Good |
Date of Birth |
18/04/1933 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
42 |
Function |
Director |
|
Appointment Date |
27/02/1991 |
|
|
|
Address |
Clench House, Wootton Rivers, Marlborough, Wilts, SN8 4NT |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
|
Name |
Pesi Savak Patel |
Date of Birth |
31/03/1952 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
07/12/2010 |
|
|
|
Address |
6th Floor 30 Millbank, London, SW1P 4EE |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
Current Company
Secretary
|
Name |
David John Quinn |
Date of Birth |
20/06/1941 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
32 |
Function |
Company Secretary |
|
Appointment Date |
03/10/2001 |
|
|
|
Address |
Southcroft, Caledon Road, Beaconsfield, Buckinghamshire, HP9 2BX |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Mehar Karan Singh |
0 |
1 |
|
Eric Angus Llewellyn Sutherland |
0 |
1 |
|
Salvatore Martin Gatto |
133 |
79 |
|
Khalid Mahmood Malik |
13 |
2 |
|
Ajit Baburao Kerkar |
1 |
11 |
NEGATIVE
INFORMATION
Mortgage Summary
Total Mortgage
23
Outstanding
10
Satisfied
13
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 - |
- |
|
|
Mortgage Details
|
Mortgage Type: |
DEED OF VARIATION |
||
|
Date Charge Created: |
14/07/11 |
|
|
|
Date Charge Registered: |
21/07/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
STATE BANK OF INDIA |
||
|
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: |
FIXED CHARGE ALL F/H AND L/H PROPERTY,
STOCKS AND SECURITIES, BOOK DEBTS AND GOODWILL AND BY WAY OFFLOATING CHARGE
ALLOTHER ASSETS SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
A STOCK PLEDGE AGREEMENT |
||
|
Date Charge Created: |
26/05/09 |
|
|
|
Date Charge Registered: |
12/06/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
AXIS BANK LTD |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM ANY
OBLIGOR TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
INTEREST IN THE PLEDGED COLLATERAL SEE IMAGE
FOR FULL DETAILS |
||
|
Mortgage Type: |
A SUPPLEMENTAL ESCROW ACCOUNT CHARGE |
||
|
Date Charge Created: |
26/05/09 |
|
|
|
Date Charge Registered: |
09/06/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
AXIS BANK LTD |
||
|
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: |
ALL RIGHTS IN REPECT OF ANY AMOUNT STANDING TO
THE CREDIT OF ANY RESTRICTED ACCOUNT AND THE DEBT REPRESENTED BY IT SEE IMAGE
FOR FULL DETAILS |
||
|
Mortgage Type: |
SUPPLEMENTAL SECURITY AGREEMENT |
||
|
Date Charge Created: |
26/05/09 |
|
|
|
Date Charge Registered: |
09/06/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
AXIS BANK LTD SINGAPORE BRANCH |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR
TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF
THEAFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER ALL PROPERTY
AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERYSEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
A SECURITY AGREEMENT |
||
|
Date Charge Created: |
27/03/09 |
|
|
|
Date Charge Registered: |
15/04/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
AXIS BANK LTD |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EACH
OBLIGOR TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THEAFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
F/H PROPERTY K/A 5 PRIORY ROAD HAMPSTEAD
T/NO NGL591993 FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL
PROPERTYAND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL,
BUILDINGS,FIXTURES, FIXED PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
AN ESCROW ACCOUNT CHARGE |
||
|
Date Charge Created: |
27/03/09 |
|
|
|
Date Charge Registered: |
15/04/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
AXIS BANK LTD |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
THE CHARGOR BY WAY OF A FIXED CHARGEALLOF ITS
RIGHTS IN RESPECT OF ANY AMOUNT STANDING TO THE CREDITOF ANY
RESTRICTEDACCOUNT SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
29/01/04 |
|
|
|
Date Charge Registered: |
12/02/04 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
STATE BANK OF INDIA |
||
|
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: |
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: |
LEGAL CHARGE |
||
|
Date Charge Created: |
29/01/04 |
|
|
|
Date Charge Registered: |
12/02/04 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
STATE BANK OF INDIA |
||
|
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: |
F/H PROPERTY 5 PRIORY ROAD HAMPSTEAD T/N NGL591993
AND THE PROCEEDS OF SALE THEREOF |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
04/03/03 |
|
|
|
Date Charge Registered: |
15/03/03 |
|
|
|
Date Charge Satisfied: |
07/02/04 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
THE GOVERNOR AND COMPANY OF THE BANK OF
SCOTLAND |
||
|
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 |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
04/03/03 |
|
|
|
Date Charge Registered: |
15/03/03 |
|
|
|
Date Charge Satisfied: |
07/02/04 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
THE GOVERNOR AND COMPANY OF THE BANK OF
SCOTLAND |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H PROPERTY K/A 5 PRIORY ROAD LONDON T/N
NGL591993 FIXED CHARGE ALL BUILDINGS AND OTHER STRUCTURESFIXED TO THE
PROPERTY FIXED CHARGE ANY GOODWILL RELATING TO THE PROPERTY FIXED CHARGE ALL
PLANT MACHINERY AND OTHER ITEMS AFFIXED TO THE PROPERTY ASSIGNMENT OF THE
RENTAL SUMS TOGETHER WITH THE BENEFIT OF ALL RIGHTS AND REMEDIES FIXED CHARGE
THE PROCEEDS OF ANY CLAIM MADE UNDER INSURANCE POLICY RELATING TO THE
PROPERTY FLOATING CHARGE ALL UNATTACHED PLANT MACHINERY CHATTELS AND GOODS ON
OR IN OR USED IN CONNECTION WITH THE PROPERTY OR THE BUSINESS OR UNDERTAKING
AT THE PROPERTY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
16/07/02 |
|
|
|
Date Charge Registered: |
31/07/02 |
|
|
|
Date Charge Satisfied: |
11/03/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER 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 |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
27/03/00 |
|
|
|
Date Charge Registered: |
31/03/00 |
|
|
|
Date Charge Satisfied: |
11/03/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
THE F/H PROPERTY K/A 5 PRIORY ROAD SOUTH
HAMPSTEAD LONDON NW6.T/NO.NGL591993. AND THE PROCEEDS OF SALE THEREOF FLOATING
CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND
EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS
TOGETHER WITH THE FULL BENEFITOF ALL LICENCES |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
17/02/99 |
|
|
|
Date Charge Registered: |
04/03/99 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
THOMAS ALEXANDER GAVIN HENDERSON |
||
|
Amount Secured: |
£1,200 DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE |
||
|
Details: |
TENANTS INTEREST IN AN INTERESTY EARNING
DEPOSIT ACCOUNT IN WHICH THE SUM OF £1,200.00 IS HELD SEEFORM 395 FOR FULL
DETAILS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
05/11/97 |
|
|
|
Date Charge Registered: |
19/11/97 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
THE HONOURABLE T.A.G.HENDERSON |
||
|
Amount Secured: |
£1,200 AND ALL OTHER MONIES DUE OR TO BECOME
DUE FROM THE COMPANY TO THE HARGEEUNDER THE TERMS OF THE LEASE OF EVEN DATE |
||
|
Details: |
ALL AMOUNTS FROM TIME TO TIME STANDING TO
THE CREDIT OF AN INTEREST EARNING DEPOSIT ACCOUNT OPENED BY THE CHARGEE IN
WHICH THE DEPOSIT OF £1,200 IS PLACED |
||
|
Mortgage Type: |
CHARGE OVER CREDIT BALANCES |
||
|
Date Charge Created: |
23/02/93 |
|
|
|
Date Charge Registered: |
25/02/93 |
|
|
|
Date Charge Satisfied: |
03/10/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER IN RELATION TO A DOCUMENTARY
CREDIT DATED 09/12/92 IN FAVOUR OF DEPARTMENT OF INTERNATIONAL TOURISM AND
TRANSPORT FOR £166,638. |
||
|
Details: |
THE SUM OF £166,638 TOG: WITH INTEREST
ACCRUED NOW OR TO BE HELD BY THE BANK ONAN ACCOUNT NO:49984772 AND DESIGNATED
BY REFERENCE TO THE COMPANY |
||
|
Mortgage Type: |
CHARGE OVER CREDIT BALANCES |
||
|
Date Charge Created: |
02/09/92 |
|
|
|
Date Charge Registered: |
07/09/92 |
|
|
|
Date Charge Satisfied: |
03/10/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER IN RELATION TO A BOND IN FAVOUR
OF THE ASSOCIATION OF BRITISH TRAVEL AGENTS LIMITED DATED 22/06/90 FOR
£15,000. |
||
|
Details: |
THE SUM OF £15000 , TOG: WITH INTEREST
ACCRUED NOW OR TO BE HELD BY THE BANK ONACCOUNT NO: 49975889(SEE FORM 395) |
||
|
Mortgage Type: |
CHARGE OVER CREDIT BALANCES |
||
|
Date Charge Created: |
22/06/90 |
|
|
|
Date Charge Registered: |
05/07/90 |
|
|
|
Date Charge Satisfied: |
03/10/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER IN RELATION TO A BOND IN
FAVOUR OF THE ASSOCIATION OF BRITISH TRAVEL AGENTS LTD DATED 22.6.90 |
||
|
Details: |
£15,000 HELD BY THE BANK ON ACCOUNT NO 6469221
AND DESIGNATED BY REFERENCE TO THE COMPANY |
||
|
Mortgage Type: |
CHARGE OVER CREDIT BALANCES |
||
|
Date Charge Created: |
06/02/90 |
|
|
|
Date Charge Registered: |
13/02/90 |
|
|
|
Date Charge Satisfied: |
03/10/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER IN RELATION TO A BOND IN FAVOUR
OF INTERNATIONAL AIR TRANSPORT ASSOCIATION DATED 6.2.90 IN RESPECT OF SALES
AGENCY AGREEMENT FOR £50,000 |
||
|
Details: |
£50,000 HELD BY THE BANK ON ACCOUNT NOS
6469221 DESIGNATED BY REFERENCE TO THE COMPANY |
||
|
Mortgage Type: |
CHARGE OVER CREDIT BALANCES. |
||
|
Date Charge Created: |
12/01/89 |
|
|
|
Date Charge Registered: |
30/01/89 |
|
|
|
Date Charge Satisfied: |
10/05/90 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER IN RELATION TO A BOND IN
FAVOUR OF INTERNATIONAL AIR TRANSPORT ASSOCIATION DATED 30-12-88 IN RESPECT
OF SALESAGENCY AGREEMENT FOR £20,000 |
||
|
Details: |
THE SUM OF £20,000 TOGETHER WITH INTEREST,
HELD BY THE BANK ON AN ACCO UNT NUMBERED 6469221 |
||
|
Mortgage Type: |
MEM. OF DEPOSIT & CHARGE |
||
|
Date Charge Created: |
16/12/86 |
|
|
|
Date Charge Registered: |
31/12/86 |
|
|
|
Date Charge Satisfied: |
03/10/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
MIDDLE EAST BANK LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE UNDER THE TERMS OF A FACILITY LETTER DATED 9-12-86. |
||
|
Details: |
£2 MILLION OF UNSECURED LOAN STOCK IN
BLUESEA LIMITED & ALSO COMPRISING ANY SECURITIES, ALL RIGHTS, MONEY &
PROPERTYWHATSOEVER, ANY OF THE SECURITIES. (SEEDOC FOR FURTHER DETAILS) |
||
|
Mortgage Type: |
SUBORDINATION AGREEMENT |
||
|
Date Charge Created: |
22/10/86 |
|
|
|
Date Charge Registered: |
10/11/86 |
|
|
|
Date Charge Satisfied: |
03/10/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HILL SAMUEL & CO. LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM BLUESEA
LIMITED TO THE CHARGEE UNDERTHE TERMS OF THE BRIDGING AGREEMENT (AS DEFINED)
OF EVEN DATE AND FOR SECURING ALL MONEYS DUE OR TO BECOME DUE FROM THE
COMPANY AND /OR BLUESEA LIMITED TO THE CHARGEE UNDER THE TERMS OF ANY
SECURITY AS DEFINED IN THE AGREEMENT. |
||
|
Details: |
ANY OBLIGATION (WHETHER PRESENT OR FUTURE,
ACTUAL OR CONTINGENT) OF THE BORROWER FOR THE PAYMENT ORREPAYMENT OF MONEY TO
THE COMPANY (OTHER THAN AN OBLIGATIONFOR THE PAYMENT OF MONEY OWED TO THE COMPANY
SOLELY BY VIRTUE OF ITS HOLDING SHARES IN THE CAPITAL OF THE
BORROWER)(THESUBORDINATED INDEBTEDNESS) PLEASESEE DOC FOR FULLER DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
23/11/81 |
|
|
|
Date Charge Registered: |
30/11/81 |
|
|
|
Date Charge Satisfied: |
30/11/81 |
|
|
|
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 & FLOATING CHARGE ON UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL &
BOOKDEBTS UNCALLED CAPITAL. AND ALL FIXTURES (INCL TRADE FIXTURES) FIXED
PLANT & MACHINERY &HERITABLE PROPERTY IN SCOTLAND (PLEASE SEE DOC
M139) |
||
|
Mortgage Type: |
SUBORDINATION AGREEMENT |
||
|
Date Charge Created: |
13/11/86 |
|
|
|
Date Charge Registered: |
18/11/86 |
|
|
|
Date Charge Satisfied: |
03/10/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HILL SAMUEL & CO. LIMITED |
||
|
Amount Secured: |
SECURING ALL MONEYS DUE OR TO BECOME DUE
FROM BLUESEA LIMITED TO HILL SAMUEL & CO LIMITED AS AGENT FOR ITSELF AND
THE BANKS UNDER THE TERMS OF THE LOAN AGREEMENT DATED 11.11.86 AND/OR
SECURING ALL MONIES DUE OR TO BECOME DUE FROM THECOMPANY AND/OR ALL OR ANY OF
THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE UNDER THE TERMS OF ANY
SECURITY AS DEFINED THEREIN |
||
|
Details: |
ANY OBLIGATION (WHETHER PRESENT OR FUTURE,
ACTUAL OR CONTINGENT) OF THE BORROWER FOR THE PAYMENT ORREPAYMENT OF MONEY TO
THE COMPANY (OTHER THAN AN OBLIGATIONFOR THE PAYMENT OF MONEY OWED TO THE
COMPANY SOLOLY BY VIRTUE OF ITS HOLDING SHARES IN THE CAPITAL OF THE
BORROWER)(THE"SUBORDINATED IN DEBTEDNESS:") SEE DOC FOR FURTHER
DETAILS |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
COX & KINGS (UK) LTD |
GBP |
639,000 |
ORDINARY |
1 |
100 |
PAYMENT
INFORMATION
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade
0
Total Value of Documented Trade
£0
Trade Payment
Information
|
Average Invoice Value |
9938.06 |
|
Invoices available |
413 |
|
Paid |
391 |
|
Outstanding |
22 |
Trade Payment Data is information that we collect from selected third
party partners who send us information about their whole sales ledger.
|
Average Invoice Value |
£9938.06 |
|
Invoices available |
413 |
|
Paid |
391 |
|
Outstanding |
22 |
|
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 |
283 |
62 |
25 |
21 |
0 |
|
Outstanding |
0 |
0 |
0 |
22 |
0 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
61 companies |
|
Linkages |
31 companies |
|
Countries |
In 6 countries |
Summary
|
Holding Company |
COX & KINGS (UK) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
COX & KINGS LTD |
Group structure
|
Group |
61 companies |
|
Linkages |
31 companies |
|
Countries |
In 6 countries |
Other Linked companies
|
Name |
|
Number |
Latest Key Financials |
Turnover |
|
COX & KINGS |
|
01111352 |
31.03.2014 |
€355,681,981 |
|
TULIP STAR HOTELS |
|
|
31.03.2014 |
|
|
P G L AVENTURES |
|
313139701 |
31.03.2013 |
€2,367,620 |
|
SOC IMMOBILIERE PARTICIPATIONS FONCIER |
|
642056790 |
31.03.2013 |
€3,347,363 |
|
TRAVELPLUS GROUP GMBH |
|
HRB 4596 |
31.03.2014 |
|
|
BUSINESS RESERVATIONS CENTRE HOLLAND HOLDING
B.V. |
|
32055814 |
31.03.2012 |
|
|
MEININGER WEST GMBH & CO. KG |
|
HRA 44535 B |
31.03.2013 |
|
|
RM&S REISE MARKETING & SERVICE GMBH |
|
HRB 94867 |
31.03.2013 |
|
|
MEININGER 10 HOSTEL UND REISEVERMITTLUNGS
GMBH |
|
HRB 90972 B |
31.03.2013 |
|
|
MEININGER 10 CITY HOSTEL BERLIN-MITTE
GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG |
|
HRB 103151 B |
31.03.2013 |
|
|
MEININGER AIRPORT FRANKFURT GMBH |
|
HRB 126309 B |
31.03.2013 |
|
|
"""MEININGER 10""
HAMBURG GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG" |
|
HRB 107137 B |
31.03.2013 |
|
|
"""MEININGER""
AIRPORT HOTELS BBI GMBH" |
|
HRB 118215 B |
31.03.2013 |
|
|
"""MEININGER 10""
FRANKFURT GMBH" |
|
HRB 113620 B |
31.03.2013 |
|
|
MEININGER 10 CITY HOSTEL KÖLN GESELLSCHAFT
MIT BESCHRÄNKTER HAFTUNG |
|
HRB 101970 B |
31.03.2013 |
|
|
"""MEININGER"" ORANIENBURGER
STRAßE GMBH" |
|
HRB 119893 B |
31.03.2013 |
|
|
"""MEININGER""
BERLIN HAUPTBAHNHOF GMBH" |
|
HRB 114301 B |
31.03.2013 |
|
|
"""MEININGER""
POTSDAMER PLATZ GMBH" |
|
HRB 124193 B |
30.09.2012 |
|
|
"""MEININGER"" SHARED
SERVICES GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG" |
|
HRB 106229 B |
31.03.2013 |
|
|
MEININGER BARCELONA GMBH |
|
HRB 128379 B |
30.09.2012 |
|
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 |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£30,731,550 |
1.9% |
£30,149,052 |
0.5% |
£29,990,933 |
9.6% |
£27,363,543 |
3.2% |
£26,526,776 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£18,242,164 |
7.3% |
£16,997,882 |
-2.9% |
£17,512,656 |
7.5% |
£16,297,215 |
-13.1% |
£18,751,731 |
|
Gross Profit |
£12,489,386 |
-5% |
£13,151,170 |
5.4% |
£12,478,277 |
12.8% |
£11,066,328 |
42.3% |
£7,775,045 |
|
Wages & Salaries |
£3,269,515 |
-5.5% |
£3,460,778 |
12% |
£3,090,543 |
17.7% |
£2,625,904 |
1.4% |
£2,588,708 |
|
Directors Emoluments |
£15,750 |
- |
£15,750 |
- |
£15,750 |
5% |
£15,000 |
-27.7% |
£20,735 |
|
Operating Profit |
£4,986,410 |
-9.9% |
£5,536,039 |
0.6% |
£5,504,695 |
29.3% |
£4,258,842 |
63.1% |
£2,610,888 |
|
Depreciation |
£804,174 |
9.5% |
£734,584 |
23.3% |
£595,859 |
8.4% |
£549,594 |
17.1% |
£469,202 |
|
Audit Fees |
£26,867 |
-63.4% |
£73,500 |
58.1% |
£46,500 |
52.5% |
£30,500 |
32.6% |
£23,000 |
|
Interest Payments |
£685,762 |
-36.8% |
£1,085,103 |
10.8% |
£978,911 |
14.4% |
£855,770 |
223.2% |
£264,765 |
|
Pre Tax Profit |
£4,300,686 |
-3.4% |
£4,454,056 |
-1.7% |
£4,532,505 |
5.2% |
£4,309,749 |
80% |
£2,394,159 |
|
Taxation |
£778,167 |
161.1% |
-£1,274,254 |
0.6% |
-£1,281,459 |
-24.1% |
-£1,032,191 |
-82.1% |
-£566,907 |
|
Profit After Tax |
£5,078,853 |
59.7% |
£3,179,802 |
-2.2% |
£3,251,046 |
-0.8% |
£3,277,558 |
79.4% |
£1,827,252 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£5,078,853 |
59.7% |
£3,179,802 |
-2.2% |
£3,251,046 |
-0.8% |
£3,277,558 |
79.4% |
£1,827,252 |
Balance Sheet
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Tangible Assets |
£22,554,172 |
-0.1% |
£22,572,551 |
2.3% |
£22,057,770 |
5.8% |
£20,848,312 |
268.8% |
£5,653,410 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£22,554,172 |
-0.1% |
£22,572,551 |
2.3% |
£22,057,770 |
5.8% |
£20,848,312 |
268.8% |
£5,653,410 |
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade Debtors |
£9,723,263 |
10.5% |
£8,803,037 |
45.9% |
£6,033,184 |
99.4% |
£3,026,317 |
192.6% |
£1,034,238 |
|
Cash |
£19,984 |
-98.7% |
£1,566,163 |
-45.8% |
£2,890,898 |
55.2% |
£1,862,868 |
-27.7% |
£2,576,673 |
|
Other Debtors |
£11,091,078 |
-13.7% |
£12,845,057 |
121.7% |
£5,793,195 |
-7.4% |
£6,258,064 |
-55.7% |
£14,135,376 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£20,834,325 |
-10.3% |
£23,214,257 |
57.7% |
£14,717,277 |
32% |
£11,147,249 |
-37.2% |
£17,746,287 |
|
Trade Creditors |
£1,334,612 |
23% |
£1,085,060 |
-5.7% |
£1,150,182 |
-14.5% |
£1,344,495 |
-3.7% |
£1,395,935 |
|
Bank Loans & Overdrafts |
£6,859,719 |
-2.3% |
£7,018,713 |
- |
0 |
-100% |
£911,818 |
-63.1% |
£2,473,068 |
|
Other Short Term Finance |
£8,868,936 |
-34.6% |
£13,552,274 |
38.2% |
£9,805,337 |
41.2% |
£6,946,543 |
72.5% |
£4,026,035 |
|
Miscellaneous Current Liabilities |
£819,377 |
-44% |
£1,462,958 |
-21.1% |
£1,855,041 |
0.4% |
£1,848,248 |
25% |
£1,478,531 |
|
Total Current Liabilities |
£17,882,644 |
-22.6% |
£23,119,005 |
80.5% |
£12,810,560 |
15.9% |
£11,051,104 |
17.9% |
£9,373,569 |
|
Bank Loans & Overdrafts and LTL |
£10,483,027 |
-18.6% |
£12,882,824 |
22.6% |
£10,510,597 |
-11.2% |
£11,831,200 |
21.3% |
£9,751,679 |
|
Other Long Term Finance |
£685,395 |
- |
£685,395 |
- |
£685,395 |
- |
£685,395 |
- |
£685,395 |
|
Total Long Term Liabilities |
£3,623,308 |
-38.2% |
£5,864,111 |
-44.2% |
£10,510,597 |
-3.7% |
£10,919,382 |
50% |
£7,278,611 |
Capital &
Reserves
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Called Up Share Capital |
£639,000 |
- |
£639,000 |
- |
£639,000 |
- |
£639,000 |
- |
£639,000 |
|
P & L Account Reserve |
£19,974,935 |
34.1% |
£14,896,082 |
27.1% |
£11,716,280 |
38.4% |
£8,465,234 |
63.2% |
£5,187,676 |
|
Revaluation Reserve |
£1,268,610 |
- |
£1,268,610 |
15.5% |
£1,098,610 |
19.3% |
£920,841 |
- |
£920,841 |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£21,882,545 |
30.2% |
£16,803,692 |
24.9% |
£13,453,890 |
34.2% |
£10,025,075 |
48.6% |
£6,747,517 |
Other Financial
Items
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Net Worth |
£21,882,545 |
30.2% |
£16,803,692 |
24.9% |
£13,453,890 |
34.2% |
£10,025,075 |
48.6% |
£6,747,517 |
|
Working Capital |
£2,951,681 |
999.9% |
£95,252 |
-95% |
£1,906,717 |
999.9% |
£96,145 |
-98.9% |
£8,372,718 |
|
Total Assets |
£43,388,497 |
-5.2% |
£45,786,808 |
24.5% |
£36,775,047 |
14.9% |
£31,995,561 |
36.7% |
£23,399,697 |
|
Total Liabilities |
£21,505,952 |
-25.8% |
£28,983,116 |
24.3% |
£23,321,157 |
6.1% |
£21,970,486 |
31.9% |
£16,652,180 |
|
Net Assets |
£21,882,545 |
30.2% |
£16,803,692 |
24.9% |
£13,453,890 |
34.2% |
£10,025,075 |
48.6% |
£6,747,517 |
Cash Flow
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£25,505,853 |
12.5% |
£22,667,803 |
-5.4% |
£23,964,487 |
14.4% |
£20,944,457 |
49.3% |
£14,026,128 |
|
Number of Employees |
96 |
-9.4% |
106 |
7.1% |
99 |
13.8% |
87 |
-8.4% |
95 |
|
Auditors |
RAFFINGERS STUART |
||||||||
|
Auditor Comments |
The audit report contains no adverse
comments |
||||||||
|
Bankers |
STATE BANK OF INDIA |
||||||||
|
Bank Branch Code |
60-01-59 |
||||||||
Ratios
|
Date Of Accounts |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
31/03/09 |
|
Pre-tax profit margin % |
13.99 |
14.77 |
15.11 |
15.75 |
9.03 |
|
Current ratio |
1.17 |
1 |
1.15 |
1.01 |
1.89 |
|
Sales/Net Working Capital |
10.41 |
316.52 |
15.73 |
284.61 |
3.17 |
|
Gearing % |
47.90 |
76.70 |
78.10 |
118 |
144.50 |
|
Equity in % |
50.40 |
36.70 |
36.60 |
31.30 |
28.80 |
|
Creditor Days |
15.80 |
13.10 |
13.95 |
17.88 |
19.15 |
|
Debtor Days |
115.16 |
106.28 |
73.22 |
40.25 |
14.19 |
|
Liquidity/Acid Test |
1.16 |
1 |
1.14 |
1 |
1.89 |
|
Return On Capital Employed % |
16.86 |
19.64 |
18.91 |
20.57 |
17.06 |
|
Return On Total Assets Employed % |
9.91 |
9.72 |
12.32 |
13.46 |
10.23 |
|
Current Debt Ratio |
0.81 |
1.37 |
0.95 |
1.10 |
1.38 |
|
Total Debt Ratio |
0.98 |
1.72 |
1.73 |
2.19 |
2.46 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
19.65 |
26.50 |
33.68 |
42.98 |
35.48 |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
Enquiries Trend
|
There have been 41 enquiries in the last 12
months. |
|
There are an average of 3 reports taken each
month. |
|
|
3 MONTHS |
6 MONTHS |
9 MONTHS |
|
Enquiries |
9 |
18 |
28 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
05/03/2014 |
Annual Returns |
|
20/12/2013 |
New Accounts Filed |
|
20/12/2013 |
New Accounts Filed |
|
06/03/2013 |
Annual Returns |
|
29/12/2012 |
New Accounts Filed |
|
29/12/2012 |
New Accounts Filed |
|
07/03/2012 |
Annual Returns |
|
07/01/2012 |
New Accounts Filed |
|
07/01/2012 |
New Accounts Filed |
|
11/03/2011 |
Annual Returns |
|
10/01/2011 |
New Board Member Mr P.S. Patel appointed |
|
17/12/2010 |
New Accounts Filed |
|
17/12/2010 |
New Accounts Filed |
|
01/12/2010 |
New Board Member Mr D.J. Quinn appointed |
|
02/07/2010 |
Mr A.B. Kerkar has left the board |
Previous Company Names
|
Date |
Previous Name |
|
31/12/1980 |
COX & KINGS LIMITED |
NOTES
& COMMENTS
Commentary
|
No exact match CCJs are recorded against the
company. |
|
|
Sales in the latest trading period increased
1.9% on the previous trading period. |
|
|
Net Worth increased by 30.2% during the
latest trading period. |
|
|
A 5.2% decline in Total Assets occurred
during the latest trading period. |
|
|
There has been no significant change in the
company's credit rating. |
|
|
Pre-tax profits decreased by 3.4% compared
to the previous trading period. |
|
|
The company saw a decrease in their Cash
Balance of 98.7% 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 97 years
ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
UK Pound |
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SHG |
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.