MIRA INFORM REPORT

 

 

Report Date :

03.09.2014

 

IDENTIFICATION DETAILS

 

Name :

VISION SUPPORT SERVICES LIMITED

 

 

Formerly Known As :

HLL LINENS LIMITED

 

 

Registered Office :

Darwen House (2nd Floor) Walker Industrial Estate, Walker Blackburn BB1 2QE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

27.05.2008

 

 

Com. Reg. No.:

06603416

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Wholesale of Textiles

·         Distribution of textiles to the hospitality and textile rental markets.

 

 

No. of Employees

24

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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:

VISION SUPPORT SERVICES LIMITED

Company Number:

06603416

 

Registered Address

Darwen House (2nd Floor)

Walker Industrial Estate, Walker Blackburn BB1 2QE

Trading Address

2nd Floor Darwen House, Walker Industrial Est

Walker Road, Guide

Blackburn, Lancashire

BB1 2QE

Website Address

http://www.hilden.co.uk

Telephone Number

08454379851

Fax Number

NO

TPS

No

FPS

--

Incorporate Date

27/05/2008

FTSE Index

-

Previous Name

HLL LINENS LIMITED

Filing Date of Accounts

12/08/2013

Type

Private limited with Share Capital

 Share Capital

£2

Date of Change

04/04/2014

Charity Number

--

Currency

GBP

 

 

SIC07

46410

 

 

SIC07 Description

WHOLESALE OF TEXTILES

Principal Activity

 

Distribution of textiles to the hospitality and textile rental markets.

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Laurie Ernest Thomas

Date of Birth

01/04/1961

Officers Title

Mr

Nationality

British

Present Appointments

20

Function

Director

Appointment Date

29/07/2008

 

 

Address

14 Bank Street, Rookery, Kidsgrove, Staffordshire, ST7 4RR

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

John Gordon Keeling

Date of Birth

24/12/1946

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

10/04/2014

 

 

Address

96 96 Shaw Road, Rochdale, OL16 4SQ

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Janette Conroy

0

7

VISION SUPPORT SERVICES LIMITED

0

1

Daniel Patrick Wright

5

7

Daniel Patrick Wright

5

7

HALLIWELLS DIRECTORS LIMITED

7

71

 

 

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 -

-

 

 

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

VISION SUPPORT SERVICES GROUP LIMITED

GBP

2

ORDINARY

1

100

 

 

PAYMENT INFORMATION

 

Mortgage Summary

Total Mortgage

7

Summary

5

Satisfied

2

 

Trade debtors / Bad debts Summary

Total Number of Documented Trade

4

Total Value of Documented Trade

£7,181

 

Trade Payment Information

Average Invoice Value

1035.70

Invoices available

24

Paid

21

Outstanding

3

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

 

Enquiries Trend

There have been 112 enquiries in the last 12 months.

There are an average of 9 reports taken each month.

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

42

65

85

 

Mortgage Details

Mortgage Type:

AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT

Date Charge Created:

10/01/11

 

 

Date Charge Registered:

12/01/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE COMPANIES NAMED THEREIN TOTHE CHARGEE ON ANYACCOUNT WHATSOEVER

Details:

ANY SUMS OR SUMS STANDING TO THE CREDITOF ANY ONE OR MORE OF ANY PRESENT OF FUTURE ACCOUNTS OF THE COMPANY WITH THE BANK WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIESOTHER THAN STERLING.

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

25/02/09

 

 

Date Charge Registered:

17/03/09

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

DOWNHAM PROPERTIES LIMITED

Amount Secured:

£34,656.04 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE SUM OF £34,656.04 TO SECURE RENTAL PAID UNDER THE LEASE SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

25/02/09

 

 

Date Charge Registered:

27/02/09

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

DOWNHAM PROPERTIES LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

BY WAY OF FIRST FIXED CHARGE THE INTEREST IN THE DEPOSIT ACCOUNT - THE INITIAL DEPOSIT OF £34,656.04 SEE IMAGE FOR FULLDETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

17/12/08

 

 

Date Charge Registered:

24/12/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

GE REAL ESTATE PARTNERS LIMITED

Amount Secured:

£50,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OFTHE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

AN INITIAL RENT DEPOSIT OF £50,000 BY THE RENT DEPOSIT DEED SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

01/08/08

 

 

Date Charge Registered:

07/08/08

 

 

Date Charge Satisfied:

09/10/12

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

EVANNA WRIGHT

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

 

Mortgage Type:

COMPOSITE ALL ASSETS GUARANTEE AND INDEMNITY AND DEBENTURE

Date Charge Created:

01/08/08

 

 

Date Charge Registered:

08/08/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

GE COMMERCIAL FINANCE LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

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

 

Mortgage Type:

DEBENTURE

Date Charge Created:

01/08/08

 

 

Date Charge Registered:

07/08/08

 

 

Date Charge Satisfied:

03/11/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HILDEN MANUFACTURING COMPANY LIMITED (SECURITY TRUSTEE)

Amount Secured:

 

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

 

Creditor Details

 

Total Number

Total Value

 

No Creditor Data

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

4

£7,181

 

Company Name

Amount

Statement Date

Clean And Press Commercial Laundry Services Ltd

£5,171

15/12/2011

Iron X Press Limited

£1,339

04/07/2011

Lewis Hotels Ltd

£475

19/04/2012

Pride Hotels Limited

£196

31/01/2013

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

5

10

5

0

1

Outstanding

0

0

2

1

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

8 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

VISION SUPPORT SERVICES GROUP LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

SKIRON INVESTMENTS

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

SKIRON INVESTMENTS

 

N/A

-

-

 

VISION SUPPORT SERVICE...

 

05586661

31.03.2013

Y

£31,187,198

C&C BED & BATH LIMITED

 

00941375

31.03.2013

N

£2,421,557

HLL LINENS LIMITED

 

02543337

31.03.2013

N

£964,042

WEBVISION EUROPE L...

 

01854154

31.03.2013

N

 

L WHITAKER SERVICES...

 

01704786

31.03.2013

N

£6,303,858

DESK CENTRE LIMITED

 

06930011

31.03.2013

N

£2,661,905

VISION SUPPORT SERVI...

 

06603416

31.03.2013

N

£13,301,967

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employee

31/03/2013

£13,301,967

£104,994

£403,299

24

31/03/2012

£13,278,602

£70,983

£294,111

25

31/03/2011

£11,845,917

-£153,935

£220,408

53

 

Profit & Loss

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

34

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£13,301,967

0.2%

£13,278,602

12.1%

£11,845,917

23.9%

£9,561,455

33.9%

£7,138,112

Export

£953,684

-42.8%

£1,667,590

-21.7%

£2,129,650

-18.1%

£2,600,913

-15.2%

£3,065,674

Cost of Sales

£10,437,088

4.1%

£10,027,001

16.2%

£8,628,481

26.3%

£6,830,628

33.9%

£5,100,427

Gross Profit

£2,864,879

-11.9%

£3,251,601

1.1%

£3,217,436

17.8%

£2,730,827

34%

£2,037,685

Wages & Salaries

£695,667

-21.6%

£887,410

-41.2%

£1,508,891

-8.9%

£1,656,728

45.5%

£1,138,340

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

£218,167

-0.9%

£220,119

406.4%

-£71,848

-142.6%

£168,752

-70.6%

£574,497

Depreciation

£31,789

9.2%

£29,117

10.1%

£26,440

1.6%

£26,015

191.4%

£8,928

Audit Fees

£10,205

-25%

£13,600

-11.1%

£15,300

-

£15,300

-4.4%

£16,000

Interest Payments

£113,173

-24.1%

£149,136

81.7%

£82,087

-6.6%

£87,868

-38.9%

£143,776

Pre Tax Profit

£104,994

47.9%

£70,983

146.1%

-£153,935

-290.3%

£80,884

-81.2%

£430,721

Taxation

£4,194

54.2%

£2,720

407.5%

£536

-80.5%

£2,743

102%

-£140,544

Profit After Tax

£109,188

48.1%

£73,703

148%

-£153,399

-283.4%

£83,627

-71.2%

£290,177

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£109,188

48.1%

£73,703

148%

-£153,399

-283.4%

£83,627

-71.2%

£290,177

 

Balance Sheet

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Tangible Assets

£35,587

-44.5%

£64,142

-17.8%

£78,025

-21.3%

£99,175

-19.9%

£123,842

Intangible Assets

0

-

0

-

0

-

0

100%

-£674,617

Total Fixed Assets

£35,587

-44.5%

£64,142

-17.8%

£78,025

-21.3%

£99,175

118%

-£550,775

Stock

£3,713,711

11.2%

£3,338,884

-0.8%

£3,364,659

-9.4%

£3,712,959

35.4%

£2,742,788

Trade Debtors

£1,958,976

-10.5%

£2,187,937

0.3%

£2,181,342

32%

£1,652,512

-17.9%

£2,012,152

Cash

£32,880

-40.9%

£55,637

-

0

-100%

£100,870

403.4%

£20,039

Other Debtors

£457,077

0.5%

£454,768

24.8%

£364,467

19%

£306,158

163.4%

£116,216

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£6,162,644

2.1%

£6,037,226

2.1%

£5,910,468

2.4%

£5,772,499

18%

£4,891,195

Trade Creditors

£713,676

-20.6%

£898,445

-36.9%

£1,424,873

103.4%

£700,577

62.1%

£432,119

Bank Loans & Overdrafts

0

-100%

£176

-99.7%

£51,106

-36.3%

£80,170

298%

£20,143

Other Short Term Finance

£4,899,757

16.3%

£4,213,156

5.8%

£3,983,934

14.9%

£3,468,657

26.6%

£2,739,391

Miscellaneous Current Liabilities

£181,499

-73.9%

£695,480

125.7%

£308,172

-68.6%

£981,796

61.3%

£608,589

Total Current Liabilities

£5,794,932

-0.2%

£5,807,257

0.7%

£5,768,085

10.3%

£5,231,200

37.7%

£3,800,242

Bank Loans & Overdrafts and LTL

0

-100%

£176

-99.7%

£51,106

-85.3%

£346,837

28.4%

£270,143

Other Long Term Finance

0

-

0

-

0

-100%

£266,667

6.7%

£250,000

Total Long Term Liabilities

0

-

0

-

0

-100%

£266,667

6.7%

£250,000

 

Capital & Reserves

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Called Up Share Capital

£1

-

£1

-

£1

-

£1

-

£1

P & L Account Reserve

£403,298

37.1%

£294,110

33.4%

£220,407

-41%

£373,806

28.8%

£290,177

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£403,299

37.1%

£294,111

33.4%

£220,408

-41%

£373,807

28.8%

£290,178

 

Other Financial Items

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Net Worth

£403,299

37.1%

£294,111

33.4%

£220,408

-41%

£373,807

-61.3%

£964,795

Working Capital

£367,712

59.9%

£229,969

61.5%

£142,383

-73.7%

£541,299

-50.4%

£1,090,953

Total Assets

£6,198,231

1.6%

£6,101,368

1.9%

£5,988,493

2%

£5,871,674

35.3%

£4,340,420

Total Liabilities

£5,794,932

-0.2%

£5,807,257

0.7%

£5,768,085

4.9%

£5,497,867

35.7%

£4,050,242

Net Assets

£403,299

37.1%

£294,111

33.4%

£220,408

-41%

£373,807

28.8%

£290,178

 

Cash Flow

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

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

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Contingent Liability

YES

-

NO

-

YES

-

YES

-

YES

Capital Employed

£403,299

37.1%

£294,111

33.4%

£220,408

-65.6%

£640,474

18.6%

£540,178

 

Ratios

Date Of Accounts

31/03/13

31/03/12

31/03/11

31/03/10

31/03/09

Pre-tax profit margin %

0.79

0.53

-1.30

0.85

6.03

Current ratio

1.06

1.04

1.02

1.10

1.29

Sales/Net Working Capital

36.17

57.74

83.20

17.66

6.54

Gearing %

0

0.10

23.20

92.80

93.10

Equity in %

6.50

4.80

3.70

6.40

5.80

Creditor Days

19.52

24.62

43.78

26.67

14.40

Debtor Days

53.60

59.97

67.02

62.91

67.08

Liquidity/Acid Test

0.42

0.46

0.44

0.39

0.56

Return On Capital Employed %

26.03

24.13

-69.84

12.62

79.73

Return On Total Assets Employed %

1.69

1.16

-2.57

1.37

9.92

Current Debt Ratio

14.36

19.74

26.17

13.99

13.09

Total Debt Ratio

14.36

19.74

26.17

14.70

13.95

Stock Turnover Ratio %

27.91

25.14

28.40

38.83

38.42

Return on Net Assets Employed %

26.03

24.13

-69.84

21.63

148.43

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Current Company Secretary

Name

VISION SUPPORT SERVICES GROUP LIMITED

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

06/06/2011

 

 

Address

2nd Floor, Darwen House Walker Business Park, Blackburn, Lancashire, BB1 2QE

 

Number of Employees

24

-4%

25

-52.8%

53

-7%

57

-1.7%

58

Auditors

KPMG LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

LLOYDS TSB BANK PLC

Bank Branch Code

30-62-41

 

Status History

No Status History found

 

Event History

Date

Description

27/06/2014

Annual Returns

16/06/2014

New Board Member Mr J.G. Keeling appointed

08/04/2014

Change of Name

19/02/2014

Mrs J. Conroy has left the board

21/08/2013

New Accounts Filed

13/06/2013

Annual Returns

10/01/2013

New Accounts Filed

29/06/2012

Annual Returns

02/02/2012

Mr D.P. Wright has left the board

04/10/2011

New Accounts Filed

04/10/2011

New Accounts Filed

28/06/2011

New Board Member Mrs J. Conroy appointed

10/06/2011

Annual Returns

10/06/2011

New Company Secretary VISION SUPPORT SERVICES GROUP LIMIT appointed

09/06/2011

VISION SUPPORT SERVICES LIMITED has resigned as company secretary

 

Previous Company Names

Date

Previous Name

04/04/2014

HLL LINENS LIMITED

30/07/2008

HALLCO 1620 LIMITED

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

The credit limit on this company has risen 48% in comparison to the previously suggested credit limit.

Sales in the latest trading period increased 0.2% on the previous trading period.

The company saw a decrease in their Cash Balance of 40.9% during the latest trading period.

There has been no significant change in the company's credit rating.

 

Net Worth increased by 37.1% during the latest trading period.

A 1.6% growth in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 47.9% compared to the previous 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 has changed its registered name recently.

The company was established over 6 years ago.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.61

UK Pound

1

Rs.100.49

Euro

1

Rs.79.56

                

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

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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.