MIRA INFORM REPORT
|
Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WELLMAN THERMAL SERVICES LIMITED |
|
|
|
|
Registered Office : |
4th Floor Allan House, 10 John Princes Street,
London, W1G 0AH |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
27.05.2009 |
|
|
|
|
Com. Reg. No.: |
06916473 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
86 |
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 |
COMPANY NAME & ADDRESS
|
Company Name: |
WELLMAN THERMAL SERVICES
LIMITED |
|
Company No: |
06916473 |
|
Company Status: |
In Administration |
|
Registered Address: |
4TH FLOOR ALLAN HOUSE 10 JOHN PRINCES STREET LONDON W1G 0AH |
COMPANY
SUMMARY
|
Registered Address |
4TH FLOOR ALLAN HOUSE |
Trading Address |
4th Floor Allan House |
|
Website Address |
http://www.wellman-thermal.com |
Telephone Number |
- |
|
Fax Number |
- |
TPS |
- |
|
FPS |
No |
Incorporate Date |
27/05/2009 |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
FTSE Index |
- |
Date of Change |
- |
|
Filing Date of Accounts |
18/09/2013 |
Currency |
GBP |
|
Share Capital |
£3,000,100 |
SIC07 |
25300 |
|
Charity Number |
- |
SIC07 Description |
MANUFACTURE OF STEAM GENERATORS, EXCEPT CENTRAL HEATING HOT WATER
BOILERS |
|
Principal Activity |
The provision of service and repair of industrial boilers, presure
vessels, fuel fired and resistance furnaces, gas atmosphere plant. |
||
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/03/2013 |
£10,238,000 |
£838,000 |
£3,059,000 |
86 |
|
31/03/2012 |
£17,352,000 |
£94,000 |
£2,221,000 |
77 |
|
31/12/2010 |
£3,771,000 |
£93,000 |
-£123,000 |
35 |
Mortgage
Summary
Total Mortgage 3
Outstanding 1
Satisfied 2
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Commentary
No comments to display
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 - |
- |
Enquiries
Trend
|
There have been 236 enquiries in the last 12 months. |
|
There are an average of 20 reports taken each month. |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
3 |
Current
Directors
|
Name |
Graham Stuart Lucking |
Date of Birth |
15/03/1951 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
54 |
Function |
Director |
|
Appointment Date |
01/02/2011 |
||
|
Address |
4th Floor Allan House 10 John Princes Street, London, W1G 0JW |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
View Trace Report |
|||
|
Name |
Tatjana Shanthi Stream |
Date of Birth |
21/01/1957 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
12 |
Function |
Director |
|
Appointment Date |
26/03/2012 |
||
|
Address |
4th Floor Allan House 10 John Princes Street, London, W1G 0JW |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
View Trace Report |
|||
Current Company Secretary
|
Name |
Angela Donnelly |
Date of Birth |
- |
|
Officers Title |
Miss |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
23/04/2012 |
||
|
Address |
4th Floor Allan House 10 John Princes Street, London, W1G 0JW |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
WELLMAN THERMAL SYSTEMS LTD |
GBP |
2,500,000 |
PREFERENCE |
1 |
83.33 |
|
WELLMAN THERMAL SYSTEMS LTD |
GBP |
500,100 |
ORDINARY |
1 |
16.67 |
FINANCIALS
Profit & Loss
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
- |
|
|
Weeks |
52 |
(%) |
65 |
(%) |
52 |
(%) |
22 |
(%) |
- |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
- |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
- |
|
|
|
Turnover |
£10,238,000 |
-41% |
£17,352,000 |
360.1% |
£3,771,000 |
791.5% |
£423,000 |
- |
- |
|
|
Export |
£1,401,000 |
-52% |
£2,919,000 |
405% |
£578,000 |
999.9% |
£40,000 |
- |
- |
|
|
Cost of Sales |
£6,339,000 |
-56.5% |
£14,579,000 |
283.9% |
£3,798,000 |
999.9% |
£342,000 |
- |
- |
|
|
Gross Profit |
£3,899,000 |
40.6% |
£2,773,000 |
999.9% |
-£27,000 |
-133.3% |
£81,000 |
- |
- |
|
|
Wages & Salaries |
£3,242,000 |
-12.4% |
£3,701,000 |
133.1% |
£1,588,000 |
148.5% |
£639,000 |
- |
- |
|
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Operating Profit |
£967,000 |
238.1% |
£286,000 |
207.5% |
£93,000 |
143.1% |
-£216,000 |
- |
- |
|
|
Depreciation |
£65,000 |
-44.9% |
£118,000 |
353.8% |
£26,000 |
- |
- |
- |
- |
|
|
Audit Fees |
£20,000 |
-23.1% |
£26,000 |
225% |
£8,000 |
60% |
£5,000 |
- |
- |
|
|
Interest Payments |
£129,000 |
-32.8% |
£192,000 |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
£838,000 |
791.5% |
£94,000 |
1.1% |
£93,000 |
143.1% |
-£216,000 |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit After Tax |
£838,000 |
791.5% |
£94,000 |
1.1% |
£93,000 |
143.1% |
-£216,000 |
- |
- |
|
|
Dividends Payable |
£750,000 |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
£88,000 |
-6.4% |
£94,000 |
1.1% |
£93,000 |
143.1% |
-£216,000 |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
- |
|
|
|
Tangible Assets |
£397,000 |
94.6% |
£204,000 |
-33.3% |
£306,000 |
- |
0 |
- |
- |
|
|
Intangible Assets |
£1,750,000 |
-7.9% |
£1,900,000 |
- |
0 |
- |
0 |
- |
- |
|
|
Total Fixed Assets |
£2,147,000 |
2% |
£2,104,000 |
587.6% |
£306,000 |
- |
0 |
- |
- |
|
|
Stock |
£1,313,000 |
45.6% |
£902,000 |
107.4% |
£435,000 |
79% |
£243,000 |
- |
- |
|
|
Trade Debtors |
£1,792,000 |
-20% |
£2,240,000 |
-24.1% |
£2,950,000 |
886.6% |
£299,000 |
- |
- |
|
|
Cash |
£1,119,000 |
38% |
£811,000 |
- |
0 |
-100% |
£215,000 |
- |
- |
|
|
Other Debtors |
£925,000 |
163.5% |
£351,000 |
- |
0 |
-100% |
£218,000 |
- |
- |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
- |
|
|
Total Current Assets |
£5,149,000 |
19.6% |
£4,304,000 |
27.1% |
£3,385,000 |
247.2% |
£975,000 |
- |
- |
|
|
Trade Creditors |
£1,229,000 |
-13.8% |
£1,426,000 |
170.6% |
£527,000 |
346.6% |
£118,000 |
- |
- |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
-100% |
£1,724,000 |
- |
0 |
- |
- |
|
|
Other Short Term Finance |
£891,000 |
999.9% |
£4,000 |
- |
0 |
-100% |
£864,000 |
- |
- |
|
|
Miscellaneous Current Liabilities |
£1,699,000 |
-14.1% |
£1,978,000 |
100% |
£989,000 |
930.2% |
£96,000 |
- |
- |
|
|
Total Current Liabilities |
£3,819,000 |
12.1% |
£3,408,000 |
5.2% |
£3,240,000 |
200.6% |
£1,078,000 |
- |
- |
|
|
Bank Loans & Overdrafts and LTL |
£418,000 |
-46.3% |
£779,000 |
-66.1% |
£2,298,000 |
999.9% |
£113,000 |
- |
- |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
- |
|
|
Total Long Term Liabilities |
£418,000 |
-46.3% |
£779,000 |
35.7% |
£574,000 |
408% |
£113,000 |
- |
- |
.
Capital &
Reserves
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
- |
|
|
|
Called Up Share Capital |
£3,000,000 |
33.3% |
£2,250,000 |
- |
- |
- |
- |
- |
- |
|
|
P & L Account Reserve |
£59,000 |
303.4% |
-£29,000 |
76.4% |
-£123,000 |
43.1% |
-£216,000 |
- |
- |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£3,059,000 |
37.7% |
£2,221,000 |
999.9% |
-£123,000 |
43.1% |
-£216,000 |
- |
- |
Other Financial
Items
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
- |
|
|
|
Net Worth |
£1,309,000 |
307.8% |
£321,000 |
361% |
-£123,000 |
43.1% |
-£216,000 |
- |
- |
|
|
Working Capital |
£1,330,000 |
48.4% |
£896,000 |
517.9% |
£145,000 |
240.8% |
-£103,000 |
- |
- |
|
|
Total Assets |
£7,296,000 |
13.9% |
£6,408,000 |
73.6% |
£3,691,000 |
278.6% |
£975,000 |
- |
- |
|
|
Total Liabilities |
£4,237,000 |
1.2% |
£4,187,000 |
9.8% |
£3,814,000 |
220.2% |
£1,191,000 |
- |
- |
|
|
Net Assets |
£3,059,000 |
37.7% |
£2,221,000 |
999.9% |
-£123,000 |
43.1% |
-£216,000 |
- |
- |
Cash Flow
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
- |
|
|
|
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 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
- |
|
|
Contingent Liability |
NO |
- |
NO |
- |
YES |
- |
YES |
- |
- |
|
|
|
Capital Employed |
£3,477,000 |
15.9% |
£3,000,000 |
565.2% |
£451,000 |
537.9% |
-£103,000 |
- |
- |
|
|
Number of Employees |
86 |
11.7% |
77 |
120% |
35 |
75% |
20 |
- |
- |
|
Auditors |
KPMG LLP |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
||||||||||
|
Bank Branch Code |
||||||||||
Ratios
|
Date Of Accounts |
31/03/13 |
31/03/12 |
31/12/10 |
31/12/09 |
- |
|
|
|
Pre-tax profit margin % |
8.19 |
0.54 |
2.47 |
-51.06 |
- |
|
|
Current ratio |
1.35 |
1.26 |
1.04 |
0.90 |
- |
|
|
Sales/Net Working Capital |
7.70 |
19.37 |
26.01 |
-4.11 |
- |
|
|
Gearing % |
13.70 |
35.10 |
-1868.30 |
-52.30 |
- |
|
|
Equity in % |
55.20 |
49.30 |
-3.30 |
-22.20 |
- |
|
|
Creditor Days |
43.69 |
37.39 |
50.86 |
42.95 |
- |
|
|
Debtor Days |
63.71 |
58.73 |
284.75 |
108.85 |
- |
|
|
Liquidity/Acid Test |
1 |
0.99 |
0.91 |
0.67 |
- |
|
|
Return On Capital Employed % |
24.10 |
3.13 |
20.62 |
209.70 |
- |
|
|
Return On Total Assets Employed % |
11.48 |
1.46 |
2.51 |
-22.15 |
- |
|
|
Current Debt Ratio |
1.24 |
1.53 |
-26.34 |
-4.99 |
- |
|
|
Total Debt Ratio |
1.38 |
1.88 |
-31 |
-5.51 |
- |
|
|
Stock Turnover Ratio % |
12.82 |
5.19 |
11.53 |
57.44 |
- |
|
|
Return on Net Assets Employed % |
27.39 |
4.23 |
-75.60 |
100 |
- |
Status
History
|
Date |
Description |
|
|
19/08/2014 |
Appointment of Administrator |
|
|
15/08/2014 |
App of Administrator (Gazette) |
Event History
|
Date |
Description |
|
|
21/08/2014 |
Change in Reg.Office |
View Document |
|
21/08/2014 |
Change of Company Postcode |
View Document |
|
02/08/2014 |
Annual Returns |
View Document |
|
28/09/2013 |
New Accounts Filed |
View Document |
|
28/09/2013 |
New Accounts Filed |
View Document |
|
06/08/2013 |
Annual Returns |
View Document |
|
15/10/2012 |
New Accounts Filed |
View Document |
|
26/06/2012 |
Annual Returns |
View Document |
|
22/06/2012 |
Mr R. Wilcox has resigned as company secretary |
View Document |
|
22/06/2012 |
New Company Secretary Miss A. Donnelly appointed |
View Document |
|
29/03/2012 |
Mr P.C. Lawrence has left the board |
View Document |
|
29/03/2012 |
Mr G. Shannon has left the board |
View Document |
|
29/03/2012 |
New Company Secretary Mr R. Wilcox appointed |
Previous
Company Names
|
No Previous Names found |
Statistics
|
Group |
12 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
WELLMAN THERMAL SYSTEMS LTD |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
INMED VENTURES LTD |
Group
structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
|
N/A |
- |
- |
|
|
|
|
04594328 |
31.03.2013 |
N |
|
|
|
|
01690731 |
31.12.2013 |
N |
|
|
|
|
01847480 |
31.12.2009 |
N |
£9,304,000 |
|
|
|
04720327 |
31.03.2013 |
N |
|
|
|
|
07086869 |
31.03.2013 |
N |
|
|
|
|
04720394 |
31.03.2013 |
N |
|
|
|
|
06345623 |
30.06.2013 |
N |
|
|
|
|
06433472 |
31.03.2013 |
Y |
£13,977,000 |
|
|
|
05380330 |
31.03.2013 |
N |
|
|
|
|
06916473 |
31.03.2013 |
N |
£10,238,000 |
|
|
|
01235902 |
31.03.2013 |
N |
£3,739,000 |
INMED
VENTURES LTD Mortgage
Details
|
Mortgage Type: |
DEED OF CHARGE OVER CREDIT BALANCES |
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|
Date Charge Created: |
08/07/11 |
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|
Date Charge Registered: |
11/03/14 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
BARCLAYS BANK PLC; |
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|
Amount Secured: |
|||
|
Details: |
THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO
IN THE SCHEDULE TO THE FORM MG01 (INCLUDING ALL OR ANY PART OF THE MONEY
PAYABLE PURSUANTTO SUCH DEPOSIT(S) & THE DEBTS REPRESENTED THEREBY)
TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO
CREATES AN ASSIGNMENT BY THE CHARGORFOR THE PURPOSES OF & TO GIVE EFFECT
TOTHE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH
DEPOSIT(S) & INTEREST THEREON BARCLAYS BANK PLCRE WELLMAN THERMAL SERVICES
LIMITED BUSINESS PREMIUM ACCOUNT ACCOUNT NUMBER 73185079 |
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|
Mortgage Type: |
DEBENTURE |
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|
Date Charge Created: |
22/06/11 |
||
|
Date Charge Registered: |
01/07/11 |
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|
Date Charge Satisfied: |
- |
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|
Status: |
OUTSTANDING |
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|
Person(s) Entitled: |
WTD LIMITED |
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|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
(WHETHER ON ITSOWN ACCOUNT OR ON BEHALF OF ANY OF THE SECURITY BENEFICIARIES)
OR TO THE OTHER SECURITY BENEFICIARIES (OR ANY OF THEM) ONANY ACCOUNT WHATSOEVER
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING
THECHARGE |
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|
Details: |
L/H PROPERTY AT NEWFIELD ROAD OLDBURY; FIXED AND FLOATING CHARGE OVER
THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL,
BOOK DEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT &
MACHINERY. SEE IMAGEFOR FULL DETAILS |
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|
Mortgage Type: |
DEED OF ACCESSION |
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|
Date Charge Created: |
04/10/09 |
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|
Date Charge Registered: |
11/03/14 |
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|
Date Charge Satisfied: |
- |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
BARCLAYS BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
George Shannon |
17 |
61 |
|
Peter Charles Lawrence |
19 |
36 |
|
Robert Wilcox |
0 |
1 |
|
Average Invoice Value |
£143.41 |
|
Invoices available |
274 |
|
Paid |
262 |
|
Outstanding |
12 |
|
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 |
38 |
56 |
120 |
40 |
8 |
|
Outstanding |
0 |
0 |
3 |
3 |
6 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.