MIRA INFORM REPORT

 

 

Report No. :

335314

Report Date :

08.08.2015

 

IDENTIFICATION DETAILS

 

Name :

WHITE HORSE MACHINERY LIMITED

 

 

Formerly Known As :

FREEUNIQUE LIMITED

 

 

Registered Office :

Unit 3 Fusion Point Ash Lane Garforth Leeds Ls25 2ga

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2014

 

 

Date of Incorporation :

08.06.1992

 

 

Com. Reg. No.:

02720968

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :
  • Wholesale of Other Machinery and Equipment
  • Dealing with printing machines

 

 

No. of Employee :

14

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. 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. In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

Source : CIA

Company Name

 

WHITE HORSE MACHINERY LIMITED

 

 

 

Company Summary

 

Registered Address

UNIT 3 FUSION POINT
ASH LANE GARFORTH
LEEDS
LS25 2GA

 

Trading Address

Oaktree Business Park
Limewood Court
Leeds
West Yorkshire
LS14 1NF

 

Website Address           http://www.whitehorsemachinery.co.uk

 

Telephone Number        01132870440

Fax Number

 

TPS                              No

FPS                              No

Incorporation Date         08/06/1992

Company No:                02720968

 

 

Previous Name FREEUNIQUE LIMITED

Type                             Private limited with Share Capital

 

 

FTSE Index                   -

Date of Change             30/07/1992

Filing Date of Accounts 21/01/2015

Currency                       GBP

Share Capital                £100,002

SIC07                           46690

Charity Number             -

SIC07 Description         WHOLESALE OF OTHER MACHINERY AND EQUIPMENT

Principal Activity           Dealing with printing machines.

 

 

Mortgage Summary

 

Total Mortgage              9

Outstanding                  3

Satisfied                       6

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                   0

Total Value of Documented Trade                      £0

 

 

Commentary

 

This company has been treated as a Medium company in respect of the rating/limit generated.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

This company trades in an industry with a lower level of corporate failures.

 

 

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 Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

7

 

 

Current Directors

 

Name

Robin Anthony Vauvelle

Date of Birth

20/04/1965

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

01/07/1992

Address

2 Albert Terrace, Harrogate, North Yorkshire, HG1 1HY

 

Name

Robin Gordon Mannall

Date of Birth

21/06/1969

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/05/2001

Address

70 Millbeck Green, Collingham, Leeds, LS22 5AG

 

Name

David William Watson

Date of Birth

17/03/1963

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

15/04/2013

Address

Unit 3 Fusion Point, Ash Lane Garforth, Leeds, W Yorkshire, LS25 2GA

 

Current Company Secretary

Name

Robin Gordon Mannall

Date of Birth

21/06/1969

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

18/01/2000

Address

70 Millbeck Green, Collingham, Leeds, LS22 5AG

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MR ROBIN ANTHONY VAUVELLE

GBP

90,002

ORDINARY

1

90

TRUSTEES OF ROBIN VAUVELLE 2008 SETTLEMENT

GBP

6,000

ORDINARY

1

6

SHIRLEY VAUVELLE

GBP

4,000

ORDINARY

1

4

 

 

Financials

 

Profit & Loss

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£27,249,401

6.4%

£25,618,408

2.1%

£25,080,188

9.4%

£22,928,070

-26.2%

£31,057,881

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£25,152,775

6%

£23,730,822

2%

£23,260,217

10%

£21,151,249

-25.9%

£28,552,876

Gross Profit

£2,096,626

11.1%

£1,887,586

3.7%

£1,819,971

2.4%

£1,776,821

-29.1%

£2,505,005

Wages & Salaries

£730,298

9.9%

£664,547

6%

£626,860

-2.9%

£645,389

-5.5%

£682,758

Directors Emoluments

£305,361

31.8%

£231,683

4.2%

£222,326

-15.1%

£261,951

87.1%

£139,989

Operating Profit

£419,885

-13.5%

£485,203

5%

£461,979

3.5%

£446,375

26.3%

£353,445

Depreciation

£76,837

22.6%

£62,692

-3.5%

£64,998

51.3%

£42,951

-25.6%

£57,746

Audit Fees

£9,240

-0.1%

£9,250

-19.6%

£11,500

-23.7%

£15,075

9.6%

£13,750

Interest Payments

£135,461

-28.1%

£188,295

11.1%

£169,486

15.1%

£147,233

-29%

£207,390

Pre Tax Profit

£284,424

-4.2%

£296,908

1.5%

£292,493

-2.4%

£299,553

97.5%

£151,648

Taxation

-£52,821

-50.5%

-£35,108

21.1%

-£44,478

25.5%

-£59,666

-22.5%

-£48,719

Profit After Tax

£231,603

-11.5%

£261,800

5.6%

£248,015

3.4%

£239,887

133.1%

£102,929

Dividends Payable

£30,000

-

-

-

-

-

-

-100%

£30,000

Retained Profit

£201,603

-23%

£261,800

5.6%

£248,015

3.4%

£239,887

228.9%

£72,929

Balance Sheet

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Tangible Assets

£1,534,881

2.2%

£1,501,573

-1.2%

£1,520,519

-1.7%

£1,546,614

264.6%

£424,195

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,534,881

2.2%

£1,501,573

-1.2%

£1,520,519

-1.7%

£1,546,614

264.6%

£424,195

Stock

£2,081,020

-54%

£4,522,315

31.3%

£3,443,221

8.6%

£3,170,489

37.5%

£2,304,983

Trade Debtors

£2,868,098

32%

£2,173,051

-6.9%

£2,335,356

37.5%

£1,698,330

-39.7%

£2,815,031

Cash

£299,252

20.4%

£248,530

14.7%

£216,759

209.7%

£69,996

-87.7%

£566,867

Other Debtors

£613,516

22.8%

£499,749

115%

£232,473

-66.2%

£687,047

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£5,861,886

-21.2%

£7,443,645

19.5%

£6,227,809

10.7%

£5,625,862

-1.1%

£5,686,881

Trade Creditors

£1,594,129

-54%

£3,466,905

80.6%

£1,919,275

-31.4%

£2,797,399

9.6%

£2,553,436

Bank Loans & Overdrafts

£2,358,068

3.4%

£2,280,227

-3.7%

£2,366,713

63.9%

£1,444,205

-9%

£1,587,909

Other Short Term Finance

£19,707

-51.5%

£40,635

-55.8%

£92,032

-60.2%

£231,506

81.8%

£127,359

Miscellaneous Current Liabilities

£402,679

15.3%

£349,265

-53.8%

£756,747

163.1%

£287,600

63.5%

£175,872

Total Current Liabilities

£4,374,583

-28.7%

£6,137,032

19.5%

£5,134,767

7.9%

£4,760,710

7.1%

£4,444,576

Bank Loans & Overdrafts and LTL

£2,770,068

3.4%

£2,679,832

-5.4%

£2,833,493

44.8%

£1,957,205

22.7%

£1,595,530

Other Long Term Finance

0

-100%

£605

-94.4%

£10,780

-

0

-100%

£7,621

Total Long Term Liabilities

£412,000

3.1%

£399,605

-14.4%

£466,780

-9%

£513,000

999.9%

£7,621

.

Capital & Reserves

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Called Up Share Capital

£100,002

-

£100,002

-

£100,002

-

£100,002

-

£100,002

P & L Account Reserve

£2,410,182

9.1%

£2,208,579

13.4%

£1,946,779

14.6%

£1,698,764

16.4%

£1,458,877

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£100,000

-

£100,000

-

£100,000

-

£100,000

-

£100,000

Shareholder Funds

£2,610,184

8.4%

£2,408,581

12.2%

£2,146,781

13.1%

£1,898,766

14.5%

£1,658,879

Other Financial Items

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Net Worth

£2,610,184

8.4%

£2,408,581

12.2%

£2,146,781

13.1%

£1,898,766

14.5%

£1,658,879

Working Capital

£1,487,303

13.8%

£1,306,613

19.5%

£1,093,042

26.3%

£865,152

-30.4%

£1,242,305

Total Assets

£7,396,767

-17.3%

£8,945,218

15.4%

£7,748,328

8%

£7,172,476

17.4%

£6,111,076

Total Liabilities

£4,786,583

-26.8%

£6,536,637

16.7%

£5,601,547

6.2%

£5,273,710

18.5%

£4,452,197

Net Assets

£2,610,184

8.4%

£2,408,581

12.2%

£2,146,781

13.1%

£1,898,766

14.5%

£1,658,879

Cash Flow

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Net Cashflow from Operations

£350,221

-26.2%

£474,567

179.5%

-£596,947

-999.9%

£852

-100%

£4,025,593

Net Cashflow before Financing

£40,091

-80%

£200,015

126.8%

-£746,662

-1.1%

-£738,808

-119.2%

£3,847,783

Net Cashflow from Financing

£10,631

106.3%

-£168,244

-118.8%

£893,425

269.3%

£241,937

108.2%

-£2,958,099

Increase in Cash

£50,722

59.6%

£31,771

-78.4%

£146,763

129.5%

-£496,871

-155.8%

£889,684

Miscellaneous

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£3,022,184

7.6%

£2,808,186

7.4%

£2,613,561

8.4%

£2,411,766

44.7%

£1,666,500

Number of Employees

14

-

14

7.7%

13

-

13

-31.6%

19

Accountants

Auditors

MURRAY HARCOURT LIMITED

Auditor Comments

The audit report contains no adverse comments

Bankers

HSBC BANK PLC

Bank Branch Code

Ratios

Date Of Accounts

30/04/14

30/04/13

30/04/12

30/04/11

30/04/10

Pre-tax profit margin %

1.04

1.16

1.17

1.31

0.49

Current ratio

1.34

1.21

1.21

1.18

1.28

Sales/Net Working Capital

18.32

19.61

22.95

26.50

25

Gearing %

106.10

111.30

132

103.10

96.20

Equity in %

35.30

26.90

27.70

26.50

27.10

Creditor Days

21.29

49.25

27.85

44.41

29.92

Debtor Days

38.31

30.87

33.89

26.96

32.99

Liquidity/Acid Test

0.86

0.47

0.54

0.51

0.76

Return On Capital Employed %

9.41

10.57

11.19

12.42

9.09

Return On Total Assets Employed %

3.84

3.31

3.77

4.17

2.48

Current Debt Ratio

1.67

2.54

2.39

2.50

2.67

Total Debt Ratio

1.83

2.71

2.60

2.77

2.68

Stock Turnover Ratio %

7.63

17.65

13.72

13.82

7.42

Return on Net Assets Employed %

10.89

12.32

13.62

15.77

9.14

 

Report Notes

 

There are no notes to display.

 

Status History

No Status History found

 

Event History

Date

Description

20/06/2015

Annual Returns

02/02/2015

New Accounts Filed

02/02/2015

New Accounts Filed

15/07/2014

Annual Returns

17/09/2013

New Accounts Filed

17/09/2013

New Accounts Filed

17/06/2013

Annual Returns

09/05/2013

New Board Member Mr D.W. Watson appointed

22/03/2013

Mr D.P. Gravells has left the board

13/08/2012

New Accounts Filed

22/06/2012

Annual Returns

26/10/2011

New Accounts Filed

26/10/2011

New Accounts Filed

15/06/2011

Annual Returns

22/02/2011

New Board Member Mr D.P. Gravells appointed

 

Previous Company Names

Date

Previous Name

30/07/1992

FREEUNIQUE LIMITED

 

Writ Details

No writs found

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Group Structure Full

No Group Structure

 

 

Mortgage Details

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

03/02/11

Date Charge Registered:

08/02/11

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

SVENSKA HANDELSBANKEN AB (PUBL)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

UNIT 3 FUSION POINT ASH LANE ABORFORD ROAD GARFORTH LEEDS BY WAY OF FIXED CHARGE ALL PLANT AND MACHINERY OWNED BY THE BORROWER AND ITS INTEREST IN ANY PLANT AND MACHINERY. ALL FIXTURES AND FITTINGS ALL OTHER CHATTELS AND ALL BENEFITS IN RESPECT OF THE INSURANCES INCLUDING CLAIMSAND THE REFUND OF ANYPREMIUMS

Mortgage Type:

DEBENTURE

Date Charge Created:

30/06/10

Date Charge Registered:

09/07/10

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK LEUMI (UK) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

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

 

Mortgage Type:

CHATTEL MORTGAGE

Date Charge Created:

20/01/10

Date Charge Registered:

29/01/10

Date Charge Satisfied:

15/03/10

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

Details:

THE MORTGAGED PROPERTY BEING SM72FP SUPPLIED BY RHODES S/NO 52684 LOCATION WHM PREMISES/LEEDS R204 SUPPLIED BY KONIK S/NO 21500B LOCATION WHM PREMISES/LEEDS XL105-5LX SUPPLIED BY V BUCK S/NO FS000383LOCATION VICTOR BUCK LUXEMBOURG SEE IMAGE FOR FULL DETAILS

Mortgage Type:

ASSGNMENT AND CHARGE

Date Charge Created:

11/02/02

Date Charge Registered:

20/02/02

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK LEUMI (UK) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

AN ASSIGNMENT AND AGREEMENT TO ASSIGN ALL THE RIGHT TITLE AND INTEREST IN AND TO THE EQUIPMENT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

16/02/99

Date Charge Registered:

17/02/99

Date Charge Satisfied:

15/03/10

Status:

SATISFIED

Person(s) Entitled:

MIDLAND 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 MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

GENERAL MEMORANDUM OF PLEDGE

Date Charge Created:

28/01/97

Date Charge Registered:

06/02/97

Date Charge Satisfied:

15/03/10

Status:

SATISFIED

Person(s) Entitled:

BANCA NAZIONALE DELL'AGRICOLTURA

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE GENERAL MEMORANDUM OF PLEDGE

Details:

ALL NEGOTIABLE INSTRUMENTS AND ALL GOODS OR PRODUCE OR THE DOCUMENTS OF TITLE AND ALL POLICIES AND CERTIFICATES OF INSURANCE RELATING THERETO NOW OR AT ANY TIME HEREAFTER IN THE POSSESSION OR CONSTRUCTIVE POSSESSION OF THE BANK OR ITS AGENTS OR NOMINEESSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

CHARGE OVER CREDIT BALANCE

Date Charge Created:

28/01/97

Date Charge Registered:

06/02/97

Date Charge Satisfied:

15/03/10

Status:

SATISFIED

Person(s) Entitled:

BANCA NAZIONALE DELL'AGRICOLTURA

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ALL THE CHARGOR\S RIGHTS TITLE AND INTEREST IN THE ACCOUNTS AND DEPOSITS FROM TIME TO TIME WITH THEBANK

Mortgage Type:

FIXED AND FLOATING CHARGE

Date Charge Created:

30/12/96

Date Charge Registered:

04/01/97

Date Charge Satisfied:

15/03/10

Status:

SATISFIED

Person(s) Entitled:

MIDLAND 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 UNCALLED CAPITAL GOODWILL BOOKDEBTS AND PATENTS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

08/07/92

Date Charge Registered:

20/07/92

Date Charge Satisfied:

30/01/97

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

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Nicholas John Freeman

6

7

Nicholas John Freeman

6

7

Anthony Richard Allison

7

4

Gregory Nicholas Skinner

0

1

INSTANT COMPANIES LIMITED

2431

120340

SWIFT INCORPORATIONS LIMITED

2579

263489

David Peter Anthony Gravells

16

42

Average Invoice Value

Ł137.57

Invoices available

8

Paid

7

Outstanding

1

 

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

3

3

1

0

0

Outstanding

0

0

1

0

0

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.81

UK Pound

1

Rs.98.93

Euro

1

Rs.69.66

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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