MIRA INFORM REPORT
|
Report Date : |
17.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
MW ENCAP LIMITED |
|
|
|
|
Registered Office : |
Suite A 6 Honduras Street London EC1Y 0TH |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
06.01.1994 |
|
|
|
|
Com. Reg. No.: |
02886521 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of Basic Pharmaceutical Products |
|
|
|
|
No. of Employees : |
81 |
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 : |
Slow but correct |
|
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: MW ENCAP
LIMITED
Company No: 02886521
Company Status: Active -
Accounts Filed
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Anne Elizabeth Dowler |
Date of Birth |
03/01/1943 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
21/05/2008 |
|
|
|
Address |
Broadfield Hall Broadfield, Buntingford, Hertfordshire, SG9 9RD |
||
|
Name |
Stephen Brown |
Date of Birth |
07/02/1958 |
|
Officers Title |
Dr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
18/04/2007 |
|
|
|
Address |
32 Victoria Avenue, Saffron Walden, Essex, CB11 3AE |
||
|
Name |
John Loras Shroyer |
Date of Birth |
26/06/1963 |
|
Officers Title |
Mr |
Nationality |
American |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
28/02/2013 |
|
|
|
Address |
412 Mount Kemble Avenue, Suite 200c, Morristown, New Jersey, 07960 |
||
|
Name |
Amit Manilal Patel |
Date of Birth |
25/02/1975 |
|
Officers Title |
|
Nationality |
American |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
28/02/2013 |
|
|
|
Address |
412 Mount Kemble Avenue, Suite 200c, Morristown, New Jersey, 07960 |
||
|
Name |
John De Grandpre |
Date of Birth |
17/08/1969 |
|
Officers Title |
Mr |
Nationality |
American |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
28/02/2013 |
|
|
|
Address |
412 Mount Kemble Avenue Suite 200c, Morristown, New Jersey 07960 |
||
|
Name |
Guido Driesen |
Date of Birth |
29/11/1956 |
|
Officers Title |
Mr |
Nationality |
Belgian |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
28/02/2013 |
|
|
|
Address |
412 Mount Kemble Avenue, Suite 200c, Morristown, New Jersey, 07960 |
||
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
LONDON REGISTRARS PLC |
0 |
1 |
|
William John Bowtle |
1 |
1 |
|
Barrie Clarke |
4 |
10 |
|
Barrie Clarke |
4 |
10 |
|
Glyn William Dowler |
10 |
11 |
|
Edward Ian Pruchniewicz |
3 |
9 |
|
John Owen Hall |
0 |
3 |
|
Geoffrey David Tovey |
1 |
3 |
|
Colin Saywood |
3 |
3 |
|
Laraine Josephine Aikman |
0 |
1 |
|
Barry Clarke |
1 |
7 |
|
Michael Broadhead |
2 |
5 |
|
Paul Charlton Titley |
0 |
1 |
|
Massoud Bakhshaee |
0 |
1 |
|
James Savage |
0 |
1 |
|
David McNab |
0 |
3 |
|
David McNab |
0 |
3 |
|
Joseph Vincent Carey |
0 |
1 |
|
Anne Elizabeth Dowler |
0 |
2 |
|
Tracy Barnett |
0 |
2 |
|
YORK PLACE COMPANY NOMINEES LIMITED |
734 |
31909 |
|
YORK PLACE COMPANY SECRETARIES LIMITED |
832 |
31479 |
|
Jane Fraser |
0 |
1 |
NEGATIVE
INFORMATION
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: |
FIXED CHARGE |
||
|
Date Charge Created: |
02/09/96 |
|
|
|
Date Charge Registered: |
03/09/96 |
|
|
|
Date Charge Satisfied: |
17/01/00 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
LLOYDS BOWMAKER LIMITED |
||
|
Amount Secured: |
£168,485.40 AND ALL OTHER MONIES DUE ORTO BECOME DUE FROM THE COMPANY
TO THE CHARGEE |
||
|
Details: |
THE GOODS BEING GKF 1500 L HARD GELATINE CAPSULE FILLING AND CLOSING
MACHINE, SERIAL NO. 776022 SEETHE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge Created: |
05/10/94 |
|
|
|
Date Charge Registered: |
14/10/94 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
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: |
A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES
AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
MW ENCAP (HOLDINGS) LTD |
GBP |
301,000 |
ORDINARY |
1 |
100 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
5 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
MW ENCAP (HOLDINGS) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
CAPSUGEL HOLDINGS SA |
Group structure
|
Company Name |
|
Registered
Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
N/A |
- |
- |
|
|
|
|
N/A |
- |
- |
|
|
|
|
07664446 |
31.12.2013 |
N |
£665,309 |
|
|
|
03166262 |
31.12.2013 |
Y |
£5,884,059 |
|
|
|
02886521 |
31.12.2013 |
N |
£5,884,059 |
CAPSUGEL
HOLDINGS SA FINANCIAL
INFORMATION
Profit & Loss
|
Date Of Accounts |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Weeks |
35 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£5,884,059 |
-21.9% |
£7,530,325 |
25% |
£6,024,983 |
23.4% |
£4,881,934 |
- |
- |
|
Export |
£4,354,307 |
-25.7% |
£5,858,786 |
21.4% |
£4,826,114 |
- |
- |
- |
- |
|
Cost of Sales |
£1,904,521 |
-11.7% |
£2,157,471 |
12.9% |
£1,911,295 |
35.7% |
£1,408,203 |
- |
- |
|
Gross Profit |
£3,979,538 |
-25.9% |
£5,372,854 |
30.6% |
£4,113,688 |
18.4% |
£3,473,731 |
- |
- |
|
Wages & Salaries |
£2,074,884 |
-26.9% |
£2,839,671 |
18.4% |
£2,397,593 |
18.6% |
£2,021,546 |
- |
- |
|
Directors Emoluments |
£117,255 |
-86% |
£835,882 |
116.4% |
£386,264 |
6.1% |
£364,092 |
- |
- |
|
Operating Profit |
£1,086,530 |
-16.8% |
£1,305,686 |
113.1% |
£612,640 |
65.8% |
£369,405 |
- |
- |
|
Depreciation |
£322,269 |
-30.9% |
£466,621 |
8.5% |
£430,104 |
6.7% |
£403,048 |
5.9% |
£380,527 |
|
Audit Fees |
£17,000 |
8.3% |
£15,696 |
28.1% |
£12,250 |
- |
£12,250 |
5.2% |
£11,650 |
|
Interest Payments |
£13,020 |
-40.5% |
£21,889 |
-9.2% |
£24,109 |
-11.8% |
£27,345 |
- |
- |
|
Pre Tax Profit |
£1,075,311 |
-16.7% |
£1,291,111 |
117% |
£594,872 |
73.8% |
£342,305 |
- |
- |
|
Taxation |
-£199,687 |
-266% |
£120,327 |
267.5% |
-£71,828 |
-278.8% |
-£18,963 |
- |
- |
|
Profit After Tax |
£875,624 |
-38% |
£1,411,438 |
169.9% |
£523,044 |
61.8% |
£323,342 |
- |
- |
|
Dividends Payable |
- |
-100% |
£300,000 |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£875,624 |
-21.2% |
£1,111,438 |
112.5% |
£523,044 |
61.8% |
£323,342 |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Tangible Assets |
£2,786,732 |
26.1% |
£2,209,258 |
-0.5% |
£2,220,414 |
0.7% |
£2,205,644 |
-11.7% |
£2,497,336 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£2,786,732 |
26.1% |
£2,209,258 |
-0.5% |
£2,220,414 |
0.7% |
£2,205,644 |
-11.7% |
£2,497,336 |
|
Stock |
£482,607 |
19.7% |
£403,337 |
5.4% |
£382,692 |
98.4% |
£192,910 |
-28.8% |
£270,980 |
|
Trade Debtors |
£1,995,032 |
48% |
£1,348,163 |
-7.3% |
£1,454,563 |
14.9% |
£1,266,358 |
91.2% |
£662,343 |
|
Cash |
£496,049 |
-24.2% |
£654,439 |
65% |
£396,654 |
-32.8% |
£590,632 |
-41.2% |
£1,003,839 |
|
Other Debtors |
£1,449,124 |
53.1% |
£946,780 |
427% |
£179,656 |
109.4% |
£85,792 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£4,422,812 |
31.9% |
£3,352,719 |
38.9% |
£2,413,565 |
13% |
£2,135,692 |
10.2% |
£1,937,162 |
|
Trade Creditors |
£606,717 |
282.7% |
£158,538 |
-31.1% |
£230,003 |
-7.8% |
£249,365 |
-83.9% |
£1,550,643 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
-100% |
£74,764 |
-56.3% |
£171,088 |
- |
0 |
|
Other Short Term Finance |
£623,067 |
-6.8% |
£668,796 |
4% |
£642,776 |
3.3% |
£622,530 |
- |
0 |
|
Miscellaneous Current Liabilities |
£771,305 |
125.4% |
£342,126 |
-20.4% |
£429,600 |
12% |
£383,470 |
- |
0 |
|
Total Current Liabilities |
£2,001,089 |
71.1% |
£1,169,460 |
-15.1% |
£1,377,143 |
-3.5% |
£1,426,453 |
-8% |
£1,550,643 |
|
Bank Loans & Overdrafts and LTL |
£254,765 |
-19% |
£314,451 |
-13.8% |
£364,973 |
-43.2% |
£642,390 |
-15.9% |
£763,623 |
|
Other Long Term Finance |
£109,237 |
-32.9% |
£162,875 |
42.8% |
£114,091 |
-40.7% |
£192,551 |
- |
0 |
|
Total Long Term Liabilities |
£254,765 |
-19% |
£314,451 |
8.4% |
£290,209 |
-38.4% |
£471,302 |
-38.3% |
£763,623 |
Capital &
Reserves
|
Date Of Accounts |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Called Up Share Capital |
£301,000 |
- |
£301,000 |
- |
£301,000 |
- |
£301,000 |
- |
£301,000 |
|
P & L Account Reserve |
£4,652,690 |
23.2% |
£3,777,066 |
41.7% |
£2,665,627 |
24.4% |
£2,142,581 |
17.8% |
£1,819,232 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£4,953,690 |
21.5% |
£4,078,066 |
37.5% |
£2,966,627 |
21.4% |
£2,443,581 |
15.3% |
£2,120,232 |
Other Financial
Items
|
Date Of Accounts |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Net Worth |
£4,953,690 |
21.5% |
£4,078,066 |
37.5% |
£2,966,627 |
21.4% |
£2,443,581 |
15.3% |
£2,120,232 |
|
Working Capital |
£2,421,723 |
10.9% |
£2,183,259 |
110.7% |
£1,036,422 |
46.1% |
£709,239 |
83.5% |
£386,519 |
|
Total Assets |
£7,209,544 |
29.6% |
£5,561,977 |
20% |
£4,633,979 |
6.7% |
£4,341,336 |
-2.1% |
£4,434,498 |
|
Total Liabilities |
£2,255,854 |
52% |
£1,483,911 |
-11% |
£1,667,352 |
-12.1% |
£1,897,755 |
-18% |
£2,314,266 |
|
Net Assets |
£4,953,690 |
21.5% |
£4,078,066 |
37.5% |
£2,966,627 |
21.4% |
£2,443,581 |
15.3% |
£2,120,232 |
Cash Flow
|
Date Of Accounts |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
£553,089 |
100.2% |
£276,211 |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
-100% |
£125,845 |
376.1% |
£26,433 |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
-£319,824 |
-6.7% |
-£299,801 |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
-£193,979 |
29% |
-£273,368 |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£5,208,455 |
18.6% |
£4,392,517 |
34.9% |
£3,256,836 |
11.7% |
£2,914,883 |
1.1% |
£2,883,855 |
|
Number of Employees |
81 |
15.7% |
70 |
4.5% |
67 |
13.6% |
59 |
- |
- |
|
Auditors |
KPMG LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
NATIONWIDE BUILDING SOCIETY |
||||||||
|
Bank Branch Code |
|
|
|
|
|
|
|
|
|
Ratios
|
Date Of Accounts |
31/12/13 |
30/04/13 |
30/04/12 |
30/04/11 |
30/04/10 |
|
Pre-tax profit margin % |
18.27 |
17.15 |
9.87 |
7.01 |
- |
|
Current ratio |
2.21 |
2.87 |
1.75 |
1.50 |
1.25 |
|
Sales/Net Working Capital |
2.43 |
3.45 |
5.81 |
6.88 |
- |
|
Gearing % |
5.10 |
7.70 |
12.30 |
26.30 |
36 |
|
Equity in % |
68.70 |
73.30 |
64 |
56.30 |
47.80 |
|
Creditor Days |
25.26 |
7.66 |
13.89 |
18.59 |
- |
|
Debtor Days |
83.06 |
65.16 |
87.87 |
94.42 |
- |
|
Liquidity/Acid Test |
1.96 |
2.52 |
1.47 |
1.36 |
1.07 |
|
Return On Capital Employed % |
20.64 |
29.39 |
18.26 |
11.74 |
- |
|
Return On Total Assets Employed % |
14.91 |
23.21 |
12.83 |
7.88 |
- |
|
Current Debt Ratio |
0.40 |
0.28 |
0.46 |
0.58 |
0.73 |
|
Total Debt Ratio |
0.45 |
0.36 |
0.56 |
0.77 |
1.09 |
|
Stock Turnover Ratio % |
8.20 |
5.35 |
6.35 |
3.95 |
- |
|
Return on Net Assets Employed % |
21.70 |
31.65 |
20.05 |
14 |
- |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Enquiries Trend
|
There have been 29 enquiries in the last 12 months. |
|
There are an average of 2 reports taken each month. |
Current Company
Secretary
|
Name |
John De Grandpre |
Date of Birth |
- |
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
28/02/2013 |
|
|
|
Address |
412 Mount Kemble Avenue - Suite 200c, Morristown, New Jersey 07960 |
||
|
Name |
LONDON REGISTRARS PLC |
Date of Birth |
- |
|
Officers Title |
|
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
01/02/2013 |
|
|
|
Address |
Suite A 6 Honduras Street, London, EC1Y 0TH |
||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
|
06/10/2014 |
New Accounts Filed |
|
|
06/10/2014 |
New Accounts Filed |
|
|
01/02/2014 |
Annual Returns |
|
|
28/01/2014 |
New Company Secretary LONDON REGISTRARS PLC appointed |
|
|
24/12/2013 |
New Accounts Filed |
|
|
24/12/2013 |
New Accounts Filed |
|
|
15/03/2013 |
New Board Member Mr G. Driesen appointed |
|
|
15/03/2013 |
New Board Member Mr J. De Grandpre appointed |
|
|
15/03/2013 |
New Board Member Mr A.M. Patel appointed |
|
|
15/03/2013 |
New Board Member Mr J.L. Shroyer appointed |
|
|
14/03/2013 |
Change in Reg.Office |
|
|
14/03/2013 |
Change of Company Postcode |
|
|
13/03/2013 |
Dr J. Fraser has left the board |
|
|
13/03/2013 |
Mrs T. Barnett has left the board |
|
|
13/03/2013 |
Mrs A.E. Dowler has left the board |
|
Previous Company
Names
|
No Previous Names found |
NOTES
& COMMENTS
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The credit limit on this company has risen 10.9% in comparison to the
previously suggested credit limit. |
|
|
Net Worth increased by 21.5% during the latest trading period. |
|
|
A 29.6% growth in Total Assets occurred during the latest trading
period. |
|
|
The audit report contains no adverse comments. |
|
|
The company's credit rating has dropped from 87 to 79 but the company
still indicates very good creditworthiness. |
|
|
The company saw a decrease in their Cash Balance of 24.2% during the
latest trading period. |
|
|
The company has undergone recent changes in its directorships. |
|
|
The company is part of a group. |
|
|
The company has changed its registered address recently. |
|
|
The company was established over 20 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.