MIRA INFORM REPORT

 

 

Report Date :

04.10.2014

 

IDENTIFICATION DETAILS

 

Name :

CREW CLOTHING CO. LIMITED

 

 

Registered Office :

20 Lydden Road London Sw18 4lr

 

 

Country :

United Kingdom

 

 

Financials (as on) :

27.10.2013

 

 

Date of Incorporation :

18.10.1996

 

 

Com. Reg. No.:

03265824

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Retail Sale of Clothing in Specialized Stores

 

 

No. of Employees :

381

 

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:

CREW CLOTHING CO. LIMITED

 

Company No:

03265824

 

Company Status:

 

Active - Accounts Filed

 

Registered Address:

20 LYDDEN ROAD LONDON SW18 4LR

 

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

8

 

 

Current Directors

 

Name

Alastair Peter Parker-Swift

Date of Birth

23/03/1970

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

18/10/1996

 

 

Address

20 Lydden Road, London, SW18 4LR

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

James Justin Hampshire

Date of Birth

25/10/1968

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

14/11/2006

 

 

Address

Ashbourne Brook Street, Cuckfield, West Sussex, RH17 5JJ

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

James Justin Hampshire

Date of Birth

25/10/1968

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

14/11/2006

 

 

Address

Ashbourne Ashbourne Brook Street, Cuckfield, Cuckfield, West Sussex, RH17 5JJ

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Diana Marion Parker-Swift

3

2

Alastair Peter Parker-Swift

3

1

Simon Hudson

1

1

Octavia Kate Morley

2

5

James Marcel Pascoe

2

1

Luke Sanger Underhill

2

1

SWIFT INCORPORATIONS LIMITED

2579

263489

Robert Stephen Parker Swift

1

2

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage

8

Outstanding

1

Satisfied

7

CCJ

Total Number of Exact CCJs -

1

Total Value of Exact CCJs -

£203

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 -

-

 

 

 

Exact CCJ Details

Date

Court

Amount

Status

Case Number

Date Paid

07/08/2013

NORTHAMPTON CCBC

£203

Judgement

3QL66743

-

 

Exact CCJ Details

Date

Court

Amount

Status

Case Number

Date Paid

07/08/2013

NORTHAMPTON CCBC

£203

Judgement

3QL66743

-

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

Mortgage Details

Mortgage Type:

DEBENTURE

Date Charge Created:

31/05/12

 

 

Date Charge Registered:

02/06/12

 

 

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:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY. SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

MORTGAGE OF LIFE POLICY TO SECURE OWN LIABILITIES

Date Charge Created:

29/04/10

 

 

Date Charge Registered:

06/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC;

Amount Secured:

 

Details:

ALL MONEY, INCLUDING BONUSES, THE BENEFIT OF ALL OPTIONS AND RIGHTS, ALL THE RIGHTS, TITLE AND INTEREST IN AND TO THE POLICY, SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

MORTGAGE OF LIFE POLICY TO SECURE OWN LIABILITIES

Date Charge Created:

14/04/10

 

 

Date Charge Registered:

06/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC;

Amount Secured:

 

Details:

ALL MONEY INCLUDING BONUSES THAT HAS ACCRUED OR MAY BECOME PAYABLE UNDER THE POLICY ISSUED BY AEGON SCOTTISH EQUITABLE WITH POLICY NUMBER L0199000243 IN RELATION TO ALASTAIR PETER PARKER-SWIFT AND THE BENEFIT OF ALL OPTIONS AND RIGHTS SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT

Date Charge Created:

14/11/06

 

 

Date Charge Registered:

06/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC;

Amount Secured:

 

Details:

ANY SUM OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY ONE OR MORE OFANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIES OR ANY OF THEM WITH THE BANK WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

 

Mortgage Type:

DEBENTURE

Date Charge Created:

14/11/06

 

 

Date Charge Registered:

06/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK 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:

24/01/03

 

 

Date Charge Registered:

30/01/03

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS 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:

DEPOSIT AGREEMENT

Date Charge Created:

02/11/01

 

 

Date Charge Registered:

07/11/01

 

 

Date Charge Satisfied:

31/07/04

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

MICHAEL SHANLY INVESTMENTS LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LEASE

Details:

£9,987.50

 

Mortgage Type:

DEBENTURE

Date Charge Created:

15/12/99

 

 

Date Charge Registered:

04/01/00

 

 

Date Charge Satisfied:

31/07/04

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB 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

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

CREW CLOTHING HOLDINGS LTD

GBP

250,000

ORDINARY

1

100

 

 

PAYMENT INFORMATION

 

Trade Payment Information

Average Invoice Value

960.46

Invoices available

977

Paid

875

Outstanding

102

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

Creditor Details

 

Total Number

Total Value

Trade Creditors

0

-

 

No Creditor Data

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

3

£32,608

 

Company Name

Amount

Statement Date

Fred's Clothing Limited

£15,762

23/01/2012

Jacqui Brook Limited

£8,917

18/09/2013

Simply Mee Ltd

£7,929

15/03/2012

 

Average Invoice Value

£960.46

Invoices available

977

Paid

875

Outstanding

102

 

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

291

496

65

16

7

Outstanding

1

77

23

0

1

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

CREW CLOTHING HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

CREW CLOTHING HOLDINGS LIMITED

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Rating

Limit

Turnover

CREW CLOTHING HOLDINGS L...

 

05848071

27.10.2013

Y

43

£145,000

£52,703,275

CREW CLOTHING CO. LIMITED

 

03265824

27.10.2013

N

25

£0

£52,703,275

 

 

FINANCIAL INFORMATION

 

 

Profit & Loss

Date Of Accounts

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

(%)

25/10/09

Weeks

52

(%)

52

(%)

52

(%)

53

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£52,703,275

8.6%

£48,540,924

19.3%

£40,678,470

17.4%

£34,638,330

18.1%

£29,340,653

Export

£1,505,359

121.9%

£678,547

18.9%

£570,700

-

-

-

-

Cost of Sales

£22,529,615

19.1%

£18,908,768

22%

£15,501,184

23%

£12,598,552

5.1%

£11,984,544

Gross Profit

£30,173,660

1.8%

£29,632,156

17.7%

£25,177,286

14.2%

£22,039,778

27%

£17,356,109

Wages & Salaries

£7,988,745

3.8%

£7,694,282

16.2%

£6,623,979

8.4%

£6,112,575

16.3%

£5,253,889

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

£1,192,974

-65.3%

£3,440,135

6%

£3,244,009

26.3%

£2,567,878

249.7%

£734,402

Depreciation

£1,998,299

13.7%

£1,756,924

35%

£1,301,048

8.6%

£1,197,487

18.7%

£1,008,977

Audit Fees

£30,000

5.3%

£28,490

10%

£25,900

4.6%

£24,750

26.9%

£19,500

Interest Payments

£306,742

1.9%

£301,049

999.9%

£2,254

-54.9%

£5,003

-56.9%

£11,604

Pre Tax Profit

£886,232

-71.8%

£3,139,086

-3.2%

£3,241,777

26.5%

£2,562,949

252.9%

£726,249

Taxation

-£195,634

75.1%

-£785,079

10.2%

-£873,984

-34%

-£652,183

-272.1%

-£175,270

Profit After Tax

£690,598

-70.7%

£2,354,007

-0.6%

£2,367,793

23.9%

£1,910,766

246.8%

£550,979

Dividends Payable

-

-100%

£2,615,363

-

-

-

-

-

-

Retained Profit

£690,598

364.2%

-£261,356

-111%

£2,367,793

23.9%

£1,910,766

246.8%

£550,979

 

Balance Sheet

Date Of Accounts

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

(%)

25/10/09

Tangible Assets

£6,331,039

19.2%

£5,309,338

14.4%

£4,640,711

57%

£2,956,398

-9.2%

£3,256,382

Intangible Assets

£1

-

£1

-

£1

-

£1

-

£1

Total Fixed Assets

£6,331,040

19.2%

£5,309,339

14.4%

£4,640,712

57%

£2,956,399

-9.2%

£3,256,383

Stock

£10,208,673

23.7%

£8,253,836

26.6%

£6,520,820

63.9%

£3,979,608

-9.4%

£4,393,316

Trade Debtors

£2,233,764

-18.6%

£2,744,345

96.1%

£1,399,667

37.1%

£1,021,268

13.3%

£901,727

Cash

£3,118,295

112.4%

£1,468,113

4.5%

£1,405,432

-26.2%

£1,904,568

10%

£1,731,409

Other Debtors

£5,555,150

6.9%

£5,196,621

47.4%

£3,525,930

123.6%

£1,577,200

22.1%

£1,291,522

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£21,115,882

19.5%

£17,662,915

37.4%

£12,851,849

51.5%

£8,482,644

2%

£8,317,974

Trade Creditors

£6,914,839

60.4%

£4,311,776

-11.5%

£4,870,287

128.8%

£2,129,066

-27.7%

£2,944,625

Bank Loans & Overdrafts

£2,773,762

65.1%

£1,680,068

242%

£491,289

543.8%

£76,309

-79.7%

£375,793

Other Short Term Finance

0

-

0

-

0

-100%

£52,576

-90.1%

£532,282

Miscellaneous Current Liabilities

£4,087,419

27.6%

£3,203,584

74.1%

£1,840,330

-1.3%

£1,864,173

8%

£1,725,772

Total Current Liabilities

£13,776,020

49.8%

£9,195,428

27.7%

£7,201,906

74.7%

£4,122,124

-26.1%

£5,578,472

Bank Loans & Overdrafts and LTL

£7,768,431

4%

£7,471,259

194.7%

£2,534,953

67.4%

£1,514,030

-37%

£2,403,246

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£4,994,669

-13.8%

£5,791,191

183.4%

£2,043,664

42.1%

£1,437,721

-29.1%

£2,027,453

 

Capital & Reserves

Date Of Accounts

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

(%)

25/10/09

Called Up Share Capital

£250,000

-

£250,000

-

£250,000

-

£250,000

-

£250,000

P & L Account Reserve

£8,426,233

8.9%

£7,735,635

-3.3%

£7,996,991

42.1%

£5,629,198

51.4%

£3,718,432

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£8,676,233

8.6%

£7,985,635

-3.2%

£8,246,991

40.3%

£5,879,198

48.1%

£3,968,432

 

Other Financial Items

Date Of Accounts

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

(%)

25/10/09

Net Worth

£8,676,232

8.6%

£7,985,634

-3.2%

£8,246,990

40.3%

£5,879,197

48.1%

£3,968,431

Working Capital

£7,339,862

-13.3%

£8,467,487

49.9%

£5,649,943

29.6%

£4,360,520

59.2%

£2,739,502

Total Assets

£27,446,922

19.5%

£22,972,254

31.3%

£17,492,561

52.9%

£11,439,043

-1.2%

£11,574,357

Total Liabilities

£18,770,689

25.2%

£14,986,619

62.1%

£9,245,570

66.3%

£5,559,845

-26.9%

£7,605,925

Net Assets

£8,676,233

8.6%

£7,985,635

-3.2%

£8,246,991

40.3%

£5,879,198

48.1%

£3,968,432

 

Cash Flow

Date Of Accounts

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

(%)

25/10/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

Date Of Accounts

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

(%)

25/10/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£13,670,902

-0.8%

£13,776,826

33.9%

£10,290,655

40.6%

£7,316,919

22%

£5,995,885

Number of Employees

381

5%

363

16.7%

311

9.5%

284

4%

273

Auditors

BDO LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

LLOYDS TSB BANK PLC

Bank Branch Code

30-00-02

 

Ratios

Date Of Accounts

27/10/13

28/10/12

30/10/11

31/10/10

25/10/09

Pre-tax profit margin %

1.68

6.47

7.97

7.40

2.48

Current ratio

1.53

1.92

1.78

2.06

1.49

Sales/Net Working Capital

7.18

5.73

7.20

7.94

10.71

Gearing %

89.50

93.60

30.70

25.80

60.60

Equity in %

31.60

34.80

47.10

51.40

34.30

Creditor Days

47.75

32.33

43.58

22.80

36.53

Debtor Days

15.42

20.57

12.52

10.93

11.18

Liquidity/Acid Test

0.79

1.02

0.87

1.09

0.70

Return On Capital Employed %

6.48

22.78

31.50

35.02

12.11

Return On Total Assets Employed %

3.22

13.66

18.53

22.40

6.27

Current Debt Ratio

1.58

1.15

0.87

0.70

1.40

Total Debt Ratio

2.16

1.87

1.12

0.94

1.91

Stock Turnover Ratio %

19.37

17

16.03

11.48

14.97

Return on Net Assets Employed %

10.21

39.30

39.30

43.59

18.30

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Event History

Date

Description

08/08/2014

New Accounts Filed

08/08/2014

New Accounts Filed

28/07/2014

Ms O.K. Morley has left the board

02/11/2013

Annual Returns

08/04/2013

New Accounts Filed

08/04/2013

New Accounts Filed

21/11/2012

Annual Returns

24/02/2012

New Accounts Filed

09/01/2012

Annual Returns

23/02/2011

New Accounts Filed

10/12/2010

Annual Returns

22/07/2010

New Accounts Filed

22/07/2010

New Accounts Filed

16/03/2010

Mr L.S. Underhill has left the board

16/03/2010

Mr J.M. Pascoe has left the board

 

 

NOTES & COMMENTS

 

Commentary

CCJ recorded against the company.

 

Pre-tax profits decreased by 71.8% compared to the previous trading period.

 

The company has undergone recent changes in its directorships.

 

The company is part of a group.

 

The company was established over 17 years ago.

 

 

The company's credit rating has increased from not rated to 63 which indicates good creditworthiness.

 

The credit limit on this company has risen 9.8% in comparison to the previously suggested credit limit.

 

Sales in the latest trading period increased 8.6% on the previous trading period.

 

Net Worth increased by 8.6% during the latest trading period.

 

A 19.5% growth in Total Assets occurred during the latest trading period.

 

The company saw an increase in their Cash Balance of 112.4% during the latest trading period.

 

The audit report contains no adverse comments.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.75

UK Pound

1

Rs.100.07

Euro

1

Rs.77.95

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.