MIRA INFORM REPORT
|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
N. VOGEL & SONS LIMITED |
|
|
|
|
Formerly Known As : |
BOFFJEWEL LIMITED |
|
|
|
|
Registered Office : |
Suite C 100 Hatton Garden London EC1N 8NX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.05.2013 |
|
|
|
|
Date of Incorporation : |
13.02.1984 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
· Manufacturer of Jewellery and Related Articles. · Manufacturing Jewelers, Diamonds Merchants and Trading In Watches. |
|
|
|
|
No. of Employees : |
17 |
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 |
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|
|
|
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
N. VOGEL &
SONS LIMITED
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
David Vogel |
Date of Birth |
11/09/1952 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
26/12/1991 |
|
|
|
Address |
68 Princes Park Avenue, London, NW11 0JX |
||
|
Name |
Jeffrey Vogel |
Date of Birth |
23/04/1969 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
12/02/2001 |
|
|
|
Address |
53 Ashbourne Avenue, London, NW11 0DT |
||
|
Name |
Stephen Vogel |
Date of Birth |
07/03/1971 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
12/02/2001 |
|
|
|
Address |
18 Ashbourne Avenue, London, Nw11 0dr, NW11 0DR |
||
|
Name |
Marc Vogel |
Date of Birth |
15/05/1972 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
12/02/2001 |
|
|
|
Address |
10 Eastside Road, London, NW11 0BA |
||
Current Company
Secretary
|
Name |
David Vogel |
Date of Birth |
11/09/1952 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Company Secretary |
|
Appointment Date |
26/12/1991 |
|
|
|
Address |
68 Princes Park Avenue, London, NW11 0JX |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Nathan Vogel |
1 |
2 |
|
Francine Sophie Vogel |
0 |
2 |
NEGATIVE
INFORMATION
Mortgage Summary
Total Mortgage 1
Outstanding 1
Satisfied 0
Trade Debtors /
Bad Debt Summary
Total Number of Documented Trade 12
Total Value of Documented Trade £68,790
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
|
|
D:\MiraInform\CreditReports\UNProcessed\My
Documents\Documents and SettingsCS03DesktopCreditsafe Templatesfor
entryCCJDetails.aspx?CompanyNumber=01791235Possible CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
Registered CCJ / CJ Details |
|
31/12/2009 |
BANBURY |
£2,838 |
Judgement |
9ZA03918 |
- |
N VOGEL & SONS LTD, 10 EASTSIDE ROAD, LONDON, , , NW11 0BA |
Mortgage Details
|
Mortgage Type: |
DEED OF CHARGE OVER CREDIT BALANCES |
||
|
Date Charge Created: |
04/12/03 |
|
|
|
Date Charge Registered: |
11/12/03 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
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: |
DETAILS OF CHARGED ACCOUNT BARCLAYS BANK PLC RE N.VOGEL & SONS
LIMITED CUSINESSPREMIUM ACCOUNT ACCOUNT NUMBER 90871834 THE CHARGE CREATES A
FIXED CHARGE OVERALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM
395 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH
DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM
TIME TO TIME ACCRUING THEREON IT ALSOCREATES AN ASSIGNMENT BY THE CHARGOR FOR
THE PURPOSES OF AND TO GIVE EFFECTTO THE SECURITY OVER THERIGHT OF THE
CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
DAVID VOGEL |
GBP |
13,200 |
ORDINARY |
1 |
26.4 |
|
STEVEN VOGEL |
GBP |
10,600 |
ORDINARY |
1 |
21.2 |
|
MARC VOGEL |
GBP |
10,599 |
ORDINARY |
1 |
21.2 |
|
JEFFREY VOGEL |
GBP |
10,601 |
ORDINARY |
1 |
21.2 |
|
ELIANE VOGEL |
GBP |
5,000 |
ORDINARY |
1 |
10 |
PAYMENT
INFORMATION
|
Average Invoice Value |
£322.14 |
|
Invoices available |
56 |
|
Paid |
56 |
|
Outstanding |
0 |
|
Trade Payment Data is information that we collect from selected third
party partners who send us information about their whole sales ledger. |
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
54 |
1 |
0 |
0 |
1 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group structure
|
FINANCIAL
INFORMATION
Profit & Loss
|
Date Of Accounts |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
(%) |
31/05/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£15,145,389 |
1.6% |
£14,913,622 |
-30.5% |
£21,444,354 |
36.4% |
£15,717,631 |
34.9% |
£11,649,485 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
£9,099,599 |
|
Cost of Sales |
£13,867,996 |
2.5% |
£13,530,526 |
-31% |
£19,615,043 |
35.9% |
£14,437,616 |
42.8% |
£10,108,407 |
|
Gross Profit |
£1,277,393 |
-7.6% |
£1,383,096 |
-24.4% |
£1,829,311 |
42.9% |
£1,280,015 |
-16.9% |
£1,541,078 |
|
Wages & Salaries |
£395,991 |
4.4% |
£379,370 |
-2.5% |
£389,007 |
-2.8% |
£400,096 |
5.9% |
£377,727 |
|
Directors Emoluments |
£174,680 |
- |
£174,680 |
4% |
£167,960 |
-11.1% |
£188,855 |
12.3% |
£168,110 |
|
Operating Profit |
£426,335 |
-40.2% |
£713,318 |
-28.5% |
£997,016 |
136.5% |
£421,484 |
-42.4% |
£731,881 |
|
Depreciation |
£4,000 |
-15% |
£4,706 |
-15.5% |
£5,566 |
-14.6% |
£6,518 |
-13.3% |
£7,514 |
|
Audit Fees |
£9,500 |
5.6% |
£9,000 |
- |
£9,000 |
-47.1% |
£17,000 |
- |
£17,000 |
|
Interest Payments |
£42,048 |
-15.1% |
£49,515 |
-7.6% |
£53,589 |
17% |
£45,783 |
-16.3% |
£54,697 |
|
Pre Tax Profit |
£384,287 |
-42.1% |
£663,803 |
-29.6% |
£943,427 |
151.1% |
£375,701 |
-44.5% |
£677,184 |
|
Taxation |
-£81,445 |
48.8% |
-£159,147 |
36.9% |
-£252,227 |
-193.1% |
-£86,055 |
51.1% |
-£176,014 |
|
Profit After Tax |
£302,842 |
-40% |
£504,656 |
-27% |
£691,200 |
138.6% |
£289,646 |
-42.2% |
£501,170 |
|
Dividends Payable |
- |
- |
- |
-100% |
£120,000 |
20% |
£100,000 |
42.9% |
£70,000 |
|
Retained Profit |
£302,842 |
-40% |
£504,656 |
-11.6% |
£571,200 |
201.2% |
£189,646 |
-56% |
£431,170 |
Balance Sheet
|
Date Of Accounts |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
(%) |
31/05/09 |
|
Tangible Assets |
£22,665 |
-15% |
£26,665 |
-15% |
£31,371 |
-15.1% |
£36,937 |
-13.3% |
£42,585 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£22,665 |
-15% |
£26,665 |
-15% |
£31,371 |
-15.1% |
£36,937 |
-13.3% |
£42,585 |
|
Stock |
£6,271,630 |
20.5% |
£5,203,803 |
115.1% |
£2,419,566 |
-22.9% |
£3,139,509 |
-10.1% |
£3,493,406 |
|
Trade Debtors |
£1,412,604 |
-27.7% |
£1,954,696 |
-53.5% |
£4,203,682 |
46.7% |
£2,865,704 |
-13.8% |
£3,324,353 |
|
Cash |
£26,700 |
999.9% |
£11 |
-100% |
£1,405,522 |
999.9% |
£66,724 |
893.2% |
£6,718 |
|
Other Debtors |
£322,357 |
-35.6% |
£500,516 |
7.4% |
£466,038 |
28.5% |
£362,697 |
54.3% |
£235,056 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£8,033,291 |
4.9% |
£7,659,026 |
-9.8% |
£8,494,808 |
32% |
£6,434,634 |
-8.9% |
£7,059,533 |
|
Trade Creditors |
£1,509,366 |
13% |
£1,335,313 |
11.3% |
£1,199,609 |
-14.5% |
£1,403,289 |
-38% |
£2,261,812 |
|
Bank Loans & Overdrafts |
£967,997 |
13.6% |
£852,397 |
-56.3% |
£1,950,042 |
107.2% |
£941,010 |
36.5% |
£689,388 |
|
Other Short Term Finance |
£18,863 |
-91.2% |
£213,814 |
-63.3% |
£582,179 |
999.9% |
£4,697 |
-97.3% |
£171,285 |
|
Miscellaneous Current Liabilities |
£286,515 |
-8.7% |
£313,794 |
-4.5% |
£328,632 |
44.1% |
£228,058 |
-17% |
£274,762 |
|
Total Current Liabilities |
£2,782,741 |
2.5% |
£2,715,318 |
-33.1% |
£4,060,462 |
57.6% |
£2,577,054 |
-24.1% |
£3,397,247 |
|
Bank Loans & Overdrafts and LTL |
£967,997 |
13.6% |
£852,397 |
-56.3% |
£1,950,042 |
107.2% |
£941,010 |
36.5% |
£689,388 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital &
Reserves
|
Date Of Accounts |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
(%) |
31/05/09 |
|
Called Up Share Capital |
£50,000 |
- |
£50,000 |
- |
£50,000 |
- |
£50,000 |
- |
£50,000 |
|
P & L Account Reserve |
£5,223,215 |
6.2% |
£4,920,373 |
11.4% |
£4,415,717 |
14.9% |
£3,844,517 |
5.2% |
£3,654,871 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£5,273,215 |
6.1% |
£4,970,373 |
11.3% |
£4,465,717 |
14.7% |
£3,894,517 |
5.1% |
£3,704,871 |
Other Financial
Items
|
Date Of Accounts |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
(%) |
31/05/09 |
|
Net Worth |
£5,273,215 |
6.1% |
£4,970,373 |
11.3% |
£4,465,717 |
14.7% |
£3,894,517 |
5.1% |
£3,704,871 |
|
Working Capital |
£5,250,550 |
6.2% |
£4,943,708 |
11.5% |
£4,434,346 |
15% |
£3,857,580 |
5.3% |
£3,662,286 |
|
Total Assets |
£8,055,956 |
4.8% |
£7,685,691 |
-9.9% |
£8,526,179 |
31.7% |
£6,471,571 |
-8.9% |
£7,102,118 |
|
Total Liabilities |
£2,782,741 |
2.5% |
£2,715,318 |
-33.1% |
£4,060,462 |
57.6% |
£2,577,054 |
-24.1% |
£3,397,247 |
|
Net Assets |
£5,273,215 |
6.1% |
£4,970,373 |
11.3% |
£4,465,717 |
14.7% |
£3,894,517 |
5.1% |
£3,704,871 |
Cash Flow
|
Date Of Accounts |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
(%) |
31/05/09 |
|
Net Cashflow from Operations |
£271,513 |
-12.4% |
£310,013 |
-31.4% |
£452,162 |
60.5% |
£281,762 |
-31.2% |
£409,476 |
|
Net Cashflow before Financing |
£106,040 |
75.3% |
£60,499 |
-55.3% |
£135,429 |
999.9% |
£4,820 |
-97.9% |
£224,779 |
|
Net Cashflow from Financing |
-£248,330 |
6.1% |
-£264,486 |
-999.9% |
-£7,663 |
-237.7% |
£5,563 |
112.8% |
-£43,324 |
|
Increase in Cash |
-£142,290 |
30.2% |
-£203,987 |
-259.7% |
£127,766 |
999.9% |
£10,383 |
-94.3% |
£181,455 |
Miscellaneous
|
Date Of Accounts |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
(%) |
31/05/09 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£5,273,215 |
6.1% |
£4,970,373 |
11.3% |
£4,465,717 |
14.7% |
£3,894,517 |
5.1% |
£3,704,871 |
|
Number of Employees |
17 |
- |
17 |
- |
17 |
- |
17 |
- |
17 |
|
Auditors |
ROSENTHAL & CO |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
LLOYDS TSB BANK PLC |
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
31/05/13 |
31/05/12 |
31/05/11 |
31/05/10 |
31/05/09 |
|
Pre-tax profit margin % |
2.54 |
4.45 |
4.40 |
2.39 |
5.81 |
|
Current ratio |
2.89 |
2.82 |
2.09 |
2.50 |
2.08 |
|
Sales/Net Working Capital |
2.88 |
3.02 |
4.84 |
4.07 |
3.18 |
|
Gearing % |
18.40 |
17.10 |
43.70 |
24.20 |
18.60 |
|
Equity in % |
65.50 |
64.70 |
52.40 |
60.20 |
52.20 |
|
Creditor Days |
36.27 |
32.59 |
20.36 |
32.49 |
70.67 |
|
Debtor Days |
33.95 |
47.70 |
71.35 |
66.36 |
103.87 |
|
Liquidity/Acid Test |
0.63 |
0.90 |
1.49 |
1.27 |
1.04 |
|
Return On Capital Employed % |
7.28 |
13.35 |
21.12 |
9.64 |
18.27 |
|
Return On Total Assets Employed % |
4.77 |
8.63 |
11.06 |
5.80 |
9.53 |
|
Current Debt Ratio |
0.52 |
0.54 |
0.90 |
0.66 |
0.91 |
|
Total Debt Ratio |
0.52 |
0.54 |
0.90 |
0.66 |
0.91 |
|
Stock Turnover Ratio % |
41.40 |
34.89 |
11.28 |
19.97 |
29.98 |
|
Return on Net Assets Employed % |
7.28 |
13.35 |
21.12 |
9.64 |
18.27 |
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 |
12 |
£68,790 |
|
Company Name |
Amount |
Statement Date |
|
Daniel James Portsmouth Limited |
£27,797 |
31/01/2011 |
|
£9,256 |
23/01/2012 |
|
|
£6,066 |
20/07/2012 |
|
|
£6,000 |
10/09/2010 |
|
|
£5,390 |
17/12/2009 |
|
|
£5,278 |
29/03/2010 |
|
|
£3,666 |
01/10/2009 |
|
|
£1,998 |
18/06/2012 |
|
|
£1,128 |
22/09/2010 |
|
|
£786 |
25/06/2010 |
|
|
£725 |
17/02/2010 |
|
|
£700 |
22/05/2014 |
FOREIGN
EXCHANGE RATES
N/A
ADDITIONAL
INFORMATION
Status History
|
No Status History found. |
Event History
|
Date |
Description |
|
08/03/2014 |
New Accounts Filed |
|
08/03/2014 |
New Accounts Filed |
|
01/01/2014 |
Annual Returns |
|
08/03/2013 |
New Accounts Filed |
|
08/03/2013 |
New Accounts Filed |
|
02/02/2013 |
Annual Returns |
|
08/03/2012 |
New Accounts Filed |
|
08/03/2012 |
New Accounts Filed |
|
10/01/2012 |
Annual Returns |
|
04/02/2011 |
Annual Returns |
|
04/02/2011 |
New Accounts Filed |
|
02/03/2010 |
New Accounts Filed |
|
02/03/2010 |
New Accounts Filed |
|
04/01/2010 |
Annual Returns |
|
31/05/2009 |
New Accounts Filed |
Previous
Company Names
|
Date |
Previous Name |
|
03/05/1984 |
BOFFJEWEL LIMITED |
NOTES
& COMMENTS
Commentary
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period increased 1.6% on the previous
trading period. |
|
Net Worth increased by 6.1% during the latest trading period. |
|
Pre-tax profits decreased by 42.1% compared to the previous trading
period. |
|
A 4.8% growth in Total Assets occurred during the latest trading
period. |
|
The company saw an increase in their Cash Balance of 999.9% during the
latest trading period. |
|
The audit report contains no adverse comments. |
|
No recent changes in directorship are recorded. |
|
The company is not part of a group. |
|
The company was established over 30 years ago. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIT |
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.