INFORM REPORT
|
Report Date : |
22.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEXT RETAIL LIMITED |
|
|
|
|
Formerly Known As : |
NEXT NEAR EAST LIMITED |
|
|
|
|
Registered Office : |
Desford Road, Enderby, Leicester, LE19 4AT |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
26.01.2013 |
|
|
|
|
Date of Incorporation : |
29.08.2002 |
|
|
|
|
Com. Reg. No.: |
04521150 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
The supply of merchandise including Womenswear, Menswear,
Childrenswear, Lingerie, Shoes, Accessories, Fashion Jewellery, Cosmetics and
Home Furnishings, retail shop in the UK and Eire. |
|
|
|
|
No. of Employees : |
45666 |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 second largest economy in Europe after
Germany. Over the past two decades, the government has greatly reduced public ownership
and contained the growth of social welfare programs. Agriculture is intensive,
highly mechanized, and efficient by European standards, producing about 60% of
food needs with less than 2% of the labor force. The UK has large coal, natural
gas, and oil resources, but its oil and natural gas reserves are declining and
the UK became a net importer of energy in 2005. Services, particularly banking,
insurance, and business services, account by far for the largest proportion of
GDP while industry continues to decline in importance. After emerging from
recession in 1992, Britain's economy enjoyed the longest period of expansion on
record during which time growth outpaced most of Western Europe. In 2008,
however, the global financial crisis hit the economy particularly hard, due to
the importance of its financial sector. Sharply declining home prices, high
consumer debt, and the global economic slowdown compounded Britain's economic
problems, pushing the economy into recession in the latter half of 2008 and prompting
the then BROWN (Labour) government to implement a number of measures to
stimulate the economy and stabilize the financial markets; these include
nationalizing parts of the banking system, temporarily cutting taxes,
suspending public sector borrowing rules, and moving forward public spending on
capital projects. Facing burgeoning public deficits and debt levels, in 2010
the CAMERON-led coalition government (between Conservatives and Liberal
Democrats) initiated a five-year austerity program, which aimed to lower
London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In
November 2011, Chancellor of the Exchequer George OSBORNE announced additional
austerity measures through 2017 because of slower-than-expected economic growth
and the impact of the euro-zone debt crisis. The CAMERON government raised the
value added tax from 17.5% to 20% in 2011. It has pledged to reduce the
corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an
asset purchase program of up to £375 billion (approximately $605 billion) as of
December 2012. During times of economic crisis, the BoE coordinates interest
rate moves with the European Central Bank, but Britain remains outside the
European Economic and Monetary Union (EMU). In 2012, weak consumer spending and
subdued business investment weighed on the economy. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase.
|
Source
: CIA |
Company
name & address
|
Company
Name: |
NEXT RETAIL LIMITED |
|
Company
No: |
04521150 |
|
Registered
Address: |
|
|
DESFORD ROAD |
|
|
ENDERBY |
|
|
LEICESTER |
|
|
LE19 4AT |
|
Summary
– Company Information
|
Company Name |
NEXT RETAIL LIMITED |
Company Number |
04521150 |
|
Registered Address |
DESFORD ROAD |
Trading Address |
Desford Road |
|
Website Address |
|||
|
Telephone Number |
08448448333 |
||
|
TPS |
No |
||
|
Incorporation Date |
29/08/2002 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
NEXT NEAR EAST LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
25/03/2003 |
Filing Date of Accounts |
18/07/2013 |
|
|
|
Share Capital |
£1,000 |
|
SIC03 |
5248 View More
|
Currency |
GBP |
|
SIC03 Description |
Other retail specialised stores |
||
|
SIC07 |
47789 |
||
|
SIC07 Description |
OTHER RETAIL SALE OF NEW GOODS IN SPECIALISED STORES (NOT COMMERCIAL
ART GALLERIES AND OPTICIANS) |
||
|
Principal Activity |
The supply of merchandise including Womenswear, Menswear,
Childrenswear, Lingerie, Shoes, Accessories, Fashion Jewellery, Cosmetics and
Home Furnishings, retail shop in the UK and Eire. |
||
Commentary
|
Multiple CCJ's recorded against the company. |
|
Sales in the latest trading period increased 3.3% on the previous
trading period. |
|
Net Worth increased by 32.9% during the latest trading period. |
|
A 5.2% growth in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits increased by 9.3% compared to the previous trading
period. |
|
The company saw a decrease in their Cash Balance of 7.7% during the
latest trading period. |
|
The audit report contains no adverse comments. |
|
The company has undergone recent changes in its directorships. |
|
The company is part of a group. |
|
The company was established over 11 years ago. |
Key
Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
26/01/2013 |
£3,457,617,000 |
£508,040,000 |
£1,699,106,000 |
45666 |
|
28/01/2012 |
£3,348,150,000 |
£464,840,000 |
£1,308,702,000 |
43469 |
|
29/01/2011 |
£3,216,353,000 |
£401,234,000 |
£951,098,000 |
40902 |
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average Payment Experience |
|||||
|
Steady Improving Worsening |
Within terms.
|
Trade
Debtors / Bad Debt Summary
|
Total Number of Documented Trade Debtors / Bad Debt - |
4 |
|
|
Total Value of Documented Trade Debtors / Bad Debt - |
£50,118 |
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 - |
- |
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
06/06/2011 |
NORTHAMPTON CCBC |
£2,952 |
Judgement |
1QT33499 |
- |
|
14/04/2010 |
NORTH SHIELDS |
£47 |
Judgement |
0NS00321 |
- |
Possible CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
Registered CCJ / CJ Details |
|
17/12/2008 |
CENTRAL LONDON |
£178 |
Judgement |
8CL60412 |
- |
NEXT RETAIL, 1ST FLOOR, GLEN HOUSE, 200-208 TOTTENHAM COURT ROAD,
LONDON, W1T 7PL |
Writ Details
There are no writ details
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
0 |
Current
Directors
|
Name |
Date of Birth |
27/09/1950 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
7 |
Function |
Director |
|
Appointment Date |
24/10/2005 |
||
|
Address |
Desford Road, Enderby, Leicester, LE19 4AT |
||
|
Name |
Date of Birth |
27/10/1967 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
20 |
Function |
Director |
|
Appointment Date |
21/10/2002 |
||
|
Address |
Next Plc Desford Road, Enderby, Leicester, LE19 4AT |
||
|
Name |
Date of Birth |
16/08/1953 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
19 |
Function |
Director |
|
Appointment Date |
21/10/2002 |
||
|
Address |
Desford Road, Enderby, Leicester, LE19 4AT |
||
Current
Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Nationality |
||
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
03/02/2014 |
||
|
Address |
Next Plc Desford Road, Enderby, Leicester, LE19 4AT |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
NEXT GROUP PLC |
GBP |
1,000 |
ORDINARY |
1 |
100 |
Profit
& Loss
|
Date Of Accounts |
26/01/13 |
28/01/12 |
29/01/11 |
30/01/10 |
24/01/09 |
|
Weeks |
52 |
52 |
52 |
53 |
52 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Consolidated A/cs |
N |
N |
N |
N |
N |
|
Turnover |
£3,457,617,000 |
£3,348,150,000 |
£3,216,353,000 |
£3,204,066,000 |
£3,075,643,000 |
|
Export |
- |
- |
- |
- |
- |
|
Cost of Sales |
£2,413,105,000 |
£2,379,813,000 |
£2,331,215,000 |
£2,326,409,000 |
£2,278,776,000 |
|
Gross Profit |
£1,044,512,000 |
£968,337,000 |
£885,138,000 |
£877,657,000 |
£796,867,000 |
|
Wages & Salaries |
£428,635,000 |
£409,938,000 |
£437,386,000 |
£452,145,000 |
£393,485,000 |
|
Directors Emoluments |
- |
- |
- |
- |
- |
|
Operating Profit |
£567,582,000 |
£534,165,000 |
£470,117,000 |
£436,744,000 |
£395,463,000 |
|
Depreciation |
£92,499,000 |
£93,642,000 |
£93,327,000 |
£93,350,000 |
£88,672,000 |
|
Audit Fees |
£203,000 |
£198,000 |
£190,000 |
£167,000 |
£151,000 |
|
Interest Payments |
£59,582,000 |
£69,418,000 |
£69,483,000 |
£77,005,000 |
£147,515,000 |
|
Pre Tax Profit |
£508,040,000 |
£464,840,000 |
£401,234,000 |
£359,795,000 |
£247,990,000 |
|
Taxation |
-£133,049,000 |
-£128,994,000 |
-£121,293,000 |
-£106,343,000 |
-£74,635,000 |
|
Profit After Tax |
£374,991,000 |
£335,846,000 |
£279,941,000 |
£253,452,000 |
£173,355,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
|
Retained Profit |
£374,991,000 |
£335,846,000 |
£279,941,000 |
£253,452,000 |
£173,355,000 |
Balance
Sheet
|
Date Of Accounts |
26/01/13 |
28/01/12 |
29/01/11 |
30/01/10 |
24/01/09 |
|
Tangible Assets |
£337,750,000 |
£353,706,000 |
£356,026,000 |
£335,039,000 |
£355,047,000 |
|
Intangible Assets |
£2,496,368,000 |
£2,496,368,000 |
£2,496,368,000 |
£2,496,368,000 |
£2,496,368,000 |
|
Total Fixed Assets |
£2,834,118,000 |
£2,850,074,000 |
£2,852,394,000 |
£2,831,407,000 |
£2,851,415,000 |
|
Stock |
£337,457,000 |
£366,388,000 |
£372,059,000 |
£311,516,000 |
£299,037,000 |
|
Trade Debtors |
0 |
0 |
£512,236,000 |
£493,005,000 |
£472,310,000 |
|
Cash |
£23,646,000 |
£25,609,000 |
£24,597,000 |
£25,490,000 |
£18,532,000 |
|
Other Debtors |
£908,394,000 |
£657,883,000 |
£23,709,000 |
£23,828,000 |
£31,808,000 |
|
Miscellaneous Current Assets |
0 |
0 |
£2,007,000 |
£2,739,000 |
£90,276,000 |
|
Total Current Assets |
£1,269,497,000 |
£1,049,880,000 |
£934,608,000 |
£856,578,000 |
£911,963,000 |
|
Trade Creditors |
£172,388,000 |
£171,396,000 |
£176,577,000 |
£154,612,000 |
£171,551,000 |
|
Bank Loans & Overdrafts |
£39,510,000 |
£50,262,000 |
£103,682,000 |
£95,056,000 |
£148,283,000 |
|
Other Short Term Finance |
£1,837,838,000 |
£2,025,542,000 |
£2,222,986,000 |
£2,451,237,000 |
£2,721,849,000 |
|
Miscellaneous Current Liabilities |
£347,700,000 |
£338,663,000 |
£324,585,000 |
£307,238,000 |
£225,141,000 |
|
Total Current Liabilities |
£2,397,436,000 |
£2,585,863,000 |
£2,827,830,000 |
£3,008,143,000 |
£3,266,824,000 |
|
Bank Loans & Overdrafts and LTL |
£46,583,000 |
£55,651,000 |
£111,756,000 |
£105,038,000 |
£173,425,000 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
£7,073,000 |
£5,389,000 |
£8,074,000 |
£9,982,000 |
£25,142,000 |
Capital
& Reserves
|
Date Of Accounts |
26/01/13 |
28/01/12 |
29/01/11 |
30/01/10 |
24/01/09 |
|
Called Up Share Capital |
£1,000 |
£1,000 |
£1,000 |
£1,000 |
£1,000 |
|
P & L Account Reserve |
£1,697,344,000 |
£1,304,489,000 |
£962,348,000 |
£676,568,000 |
£393,348,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£1,761,000 |
£4,212,000 |
-£11,251,000 |
-£6,709,000 |
£78,063,000 |
|
Shareholder Funds |
£1,699,106,000 |
£1,308,702,000 |
£951,098,000 |
£669,860,000 |
£471,412,000 |
Other
Financial Items
|
Date Of Accounts |
26/01/13 |
28/01/12 |
29/01/11 |
30/01/10 |
24/01/09 |
|
Net Worth |
-£797,262,000 |
-£1,187,666,000 |
-£1,545,270,000 |
-£1,826,508,000 |
-£2,024,956,000 |
|
Working Capital |
-£1,127,939,000 |
-£1,535,983,000 |
-£1,893,222,000 |
-£2,151,565,000 |
-£2,354,861,000 |
|
Total Assets |
£4,103,615,000 |
£3,899,954,000 |
£3,787,002,000 |
£3,687,985,000 |
£3,763,378,000 |
|
Total Liabilities |
£2,404,509,000 |
£2,591,252,000 |
£2,835,904,000 |
£3,018,125,000 |
£3,291,966,000 |
|
Net Assets |
£1,699,106,000 |
£1,308,702,000 |
£951,098,000 |
£669,860,000 |
£471,412,000 |
Cash
Flow
|
Date Of Accounts |
26/01/13 |
28/01/12 |
29/01/11 |
30/01/10 |
24/01/09 |
|
Net Cashflow from Operations |
- |
- |
£154,010,000 |
£212,651,000 |
£52,700,000 |
|
Net Cashflow before Financing |
- |
- |
£59,364,000 |
£137,134,000 |
-£49,934,000 |
|
Net Cashflow from Financing |
- |
- |
-£68,883,000 |
-£76,949,000 |
-£147,473,000 |
|
Increase in Cash |
- |
- |
-£9,519,000 |
£60,185,000 |
-£197,407,000 |
Miscellaneous
|
Date Of Accounts |
26/01/13 |
28/01/12 |
29/01/11 |
30/01/10 |
24/01/09 |
|
Contingent Liability |
YES |
YES |
YES |
YES |
YES |
|
Capital Employed |
£1,706,179,000 |
£1,314,091,000 |
£959,172,000 |
£679,842,000 |
£496,554,000 |
|
Number of Employees |
45666 |
43469 |
40902 |
39283 |
41733 |
|
Auditors |
ERNST & YOUNG LLP |
||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||
|
Bankers |
BARCLAYS BANK PLC |
||||
|
Bank Branch Code |
|||||
Ratios
|
Date Of Accounts |
26/01/13 |
28/01/12 |
29/01/11 |
30/01/10 |
24/01/09 |
|
Pre-tax profit margin % |
14.69 |
13.88 |
12.47 |
11.23 |
8.06 |
|
Current ratio |
0.53 |
0.41 |
0.33 |
0.28 |
0.28 |
|
Sales/Net Working Capital |
-3.07 |
-2.18 |
-1.70 |
-1.49 |
-1.31 |
|
Gearing % |
2.70 |
4.30 |
11.80 |
15.70 |
36.80 |
|
Equity in % |
105.70 |
93.20 |
73.70 |
56.20 |
37.20 |
|
Creditor Days |
18.14 |
18.63 |
19.98 |
17.90 |
20.30 |
|
Debtor Days |
- |
- |
57.97 |
57.08 |
55.89 |
|
Liquidity/Acid Test |
0.38 |
0.26 |
0.19 |
0.18 |
0.18 |
|
Return On Capital Employed % |
29.77 |
35.37 |
41.83 |
52.92 |
49.94 |
|
Return On Total Assets Employed % |
12.38 |
11.91 |
10.59 |
9.75 |
6.58 |
|
Current Debt Ratio |
1.41 |
1.97 |
2.97 |
4.49 |
6.92 |
|
Total Debt Ratio |
1.41 |
1.98 |
2.98 |
4.50 |
6.98 |
|
Stock Turnover Ratio % |
9.75 |
10.94 |
11.56 |
9.72 |
9.72 |
|
Return on Net Assets Employed % |
29.90 |
35.51 |
42.18 |
53.71 |
52.60 |
|
Limited Company Report |
Your
Login: Mira Your User
ID: 100016658 |
||||
|
Company
No: 04521150 |
|
||||
Status History
|
No Status History found |
*Event History
|
Date |
Description |
|
06/02/2014 |
New Company Secretary S. Anderson appointed |
|
05/02/2014 |
Mr A.J. McKinlay has resigned as company secretary |
|
25/07/2013 |
New Accounts Filed |
|
25/07/2013 |
New Accounts Filed |
|
22/06/2013 |
Annual Returns |
|
18/07/2012 |
New Accounts Filed |
|
18/07/2012 |
New Accounts Filed |
|
03/07/2012 |
Annual Returns |
|
16/08/2011 |
New Accounts Filed |
|
16/08/2011 |
New Accounts Filed |
|
27/06/2011 |
Annual Returns |
|
13/07/2010 |
New Accounts Filed |
|
13/07/2010 |
New Accounts Filed |
|
09/07/2010 |
Annual Returns |
|
27/05/2010 |
New Board Member Mr D.W. Keens appointed |
Previous
Company Names
|
Date |
Previous Name |
|
25/03/2003 |
NEXT NEAR EAST LIMITED |
|
03/10/2002 |
EVER 1889 LIMITED |
Statistics
|
Group |
19 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
NEXT GROUP PLC |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
NEXT PLC |
Group
structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
04412362 |
26.01.2013 |
Y |
£3,562,800,000 |
|
|
00035161 |
26.01.2013 |
N |
£212,300,000 |
|
|
03045421 |
26.01.2013 |
N |
£390,229,000 |
|
|
05188107 |
31.01.2013 |
N |
||
|
06056341 |
31.01.2013 |
N |
||
|
07218431 |
31.01.2013 |
N |
||
|
00866802 |
31.01.2013 |
N |
||
|
05728110 |
26.01.2013 |
N |
£63,004,000 |
|
|
02570797 |
31.01.2013 |
N |
||
|
02570808 |
31.01.2013 |
N |
||
|
02958128 |
31.01.2013 |
N |
||
|
00123434 |
26.01.2013 |
N |
||
|
00497131 |
31.01.2013 |
N |
||
|
02570546 |
31.01.2013 |
N |
||
|
04521150 |
26.01.2013 |
N |
£3,457,617,000 |
|
|
00452053 |
31.01.2013 |
N |
||
|
02570801 |
31.01.2013 |
N |
||
|
01210373 |
31.01.2013 |
N |
||
|
01519462 |
31.03.2012 |
N |
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Date Paid |
|
06/06/2011 |
NORTHAMPTON CCBC |
£2,952 |
Judgement |
- |
|
14/04/2010 |
NORTH SHIELDS |
£47 |
Judgement |
- |
Possible CCJs
Details
|
Date |
Court |
Amount |
Status |
Date Paid |
Registered CCJ Details |
|
17/12/2008 |
CENTRAL LONDON |
£178 |
Judgement |
- |
NEXT RETAIL, 1ST FLOOR, GLEN HOUSE, 200-208 TOTTENHAM COURT ROAD,
LONDON, W1T 7PL |
Writ Details
|
No writs found |
Creditor Details
|
No Creditor Data |
|
|
Total Value |
- |
|
Trade Debtors /
Bad Debt Detail
|
Company Name |
Amount |
Statement Date |
|
|
£46,238 |
13/10/2010 |
||
|
£2,500 |
02/09/2011 |
||
|
£815 |
05/03/2013 |
||
|
£565 |
01/12/2010 |
||
|
Total Value |
£50,118 |
|
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
15 |
26 |
|
|
11 |
23 |
|
|
90 |
771 |
|
|
119 |
727 |
|
Average Invoice Value |
£1857.44 |
|
Invoices available |
3262 |
|
Paid |
1711 |
|
Outstanding |
1551 |
|
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 |
575 |
951 |
138 |
21 |
26 |
|
Outstanding |
29 |
1316 |
80 |
102 |
24 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
|
1 |
Rs.99.16 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
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.