MIRA INFORM REPORT
|
Report No. : |
352742 |
|
Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KIRENS INTERNATIONAL LIMITED |
|
|
|
|
Registered Office : |
Denim House 32A Albion Street Castleford WF10 1EN |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
19.04.2004 |
|
|
|
|
Com. Reg. No.: |
05105000 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
· Wholesale of Clothing and Footwear. · Import and distribution in the united kindom and eire of fashion clothing. |
|
|
|
|
No. of Employees : |
Not Available |
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 – 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 has been a net importer of energy since 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 6.0% in 2014.
In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.
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).
|
Source
: CIA |
Company
Name and address
Company
Name: KIRENS INTERNATIONAL
LIMITED
Company
No: 05105000
Company
Status: Active
- Accounts Filed
Registered
Address: DENIM HOUSE 32A ALBION
STREET CASTLEFORD WF10 1EN
Company
Summary
Registered
Address DENIM HOUSE, 32A ALBION
STREET, CASTLEFORD, WF10 1EN
Trading
Address 32A Albion Street,
Castleford, West Yorkshire, WF10 1EN
Website
Address http://www.kirensinternationalltd.com
Telephone
Number 01977551907
Fax
Number --
TPS
Yes
FPS
No
Incorporation
Date 19/04/2004
Previous
Name --
Type
Private
limited with Share Capital
FTSE
Index -
Date
of Change -
Filing
Date of Accounts 24/06/2015
Currency
GBP
Share
Capital £10
SIC07
46420
Charity
Number -
SIC07
Description WHOLESALE OF CLOTHING
AND FOOTWEAR
Principal
Activity Import and distribution
in the united kindom and eire of fashion clothing.
Key
Financials
Year
to Date Turnover Pre Tax Profit Shareholder Funds
Employees
30/09/2014
- - £326,067 -
30/09/2013
- - £442,679 -
30/09/2012
- - £360,571 -
Mortgage
Summary
Total
Mortgage 5
Outstanding 2
Satisfied 3
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 Small company in respect of the rating/limit
generated. |
|
The
latest Balance Sheet indicates a positive net working capital position. |
|
There
has been a reduction in shareholders funds compared with the previous balance
sheet. |
|
This
company trades in an industry with a moderate 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
Number of Writs - |
- |
|
Total
Current Directors |
1 |
|
Total
Current Secretaries |
1 |
|
Total
Previous Directors / Company Secretaries |
2 |
Current
Directors
|
Name |
Jaswinder
Singh |
Date
of Birth |
20/12/1974 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
10 |
Function |
Director |
|
Appointment
Date |
19/04/2004 |
||
|
Address |
Willowbeck
Estcourt Road, Darrington, Pontefract, West Yorkshire, WF8 3AJ |
||
Current Company Secretary
|
Name |
Dalwinder
Singh |
Date
of Birth |
- |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Company
Secretary |
|
Appointment
Date |
19/04/2004 |
||
|
Address |
Willowbeck
Estcourt Road, Darrington, Pontefract, West Yorkshire, WF8 3AJ |
||
Top
20 Shareholders
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
DALWINDER
SINGH |
GBP |
5 |
ORDINARY
|
1 |
50 |
|
JASWINDER
SINGH |
GBP |
4 |
ORDINARY
|
1 |
40 |
|
HEPREET
KAUR |
GBP |
1 |
ORDINARY
|
1 |
10 |
Financials
Profit
& Loss
|
Date
Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cost
of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Gross
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Wages
& Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Directors
Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Operating
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Depreciation |
£4,429 |
-31.1% |
£6,430 |
-17.5% |
£7,797 |
9.7% |
£7,106 |
98.3% |
£3,584 |
|
|
Audit
Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest
Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre
Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit
After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
![Description: \\Sheetal\e\Raw foreign Report [dec 15]\KIRENS INTERNATIONAL LIMITED_files\barchart-grey.png](KIRENS%20INTERNATIONAL%20LIMITED%20-%20352742%2009-Dec-2015_files/image006.gif){kind=small}
Balance
Sheet
|
Date
Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
|
|
Tangible
Assets |
£755 |
-85.4% |
£5,184 |
-53.1% |
£11,055 |
-32.2% |
£16,294 |
85.1% |
£8,802 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Fixed Assets |
£755 |
-85.4% |
£5,184 |
-53.1% |
£11,055 |
-32.2% |
£16,294 |
85.1% |
£8,802 |
|
|
Stock |
£70,097 |
-39.2% |
£115,376 |
-57.3% |
£270,414 |
-26.5% |
£367,784 |
56.5% |
£235,000 |
|
|
Trade
Debtors |
£1,688,027 |
-15% |
£1,985,249 |
7.4% |
£1,847,780 |
10.9% |
£1,666,042 |
28.5% |
£1,296,091 |
|
|
Cash |
£193,707 |
- |
0 |
-100% |
£143,155 |
-0.9% |
£144,395 |
-58.9% |
£351,648 |
|
|
Other
Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Assets |
£1,951,831 |
-7.1% |
£2,100,625 |
-7.1% |
£2,261,349 |
3.8% |
£2,178,221 |
15.7% |
£1,882,739 |
|
|
Trade
Creditors |
£1,417,782 |
1.7% |
£1,394,393 |
117.3% |
£641,614 |
-10.3% |
£715,513 |
165% |
£269,991 |
|
|
Bank
Loans & Overdrafts |
0 |
- |
0 |
-100% |
£940,308 |
26.8% |
£741,620 |
-14.2% |
£864,412 |
|
|
Other
Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Liabilities |
£1,417,782 |
1.7% |
£1,394,393 |
-11.9% |
£1,581,922 |
8.6% |
£1,457,133 |
28.4% |
£1,134,403 |
|
|
Bank
Loans & Overdrafts and LTL |
£208,737 |
-22.3% |
£268,737 |
-78.8% |
£1,270,219 |
6.3% |
£1,194,879 |
-13.1% |
£1,374,412 |
|
|
Other
Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Long Term Liabilities |
£208,737 |
-22.3% |
£268,737 |
-18.5% |
£329,911 |
-27.2% |
£453,259 |
-11.1% |
£510,000 |
.
Capital
& Reserves
|
Date
Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
|
|
Called
Up Share Capital |
£10 |
- |
£10 |
- |
£10 |
400% |
£2 |
- |
£2 |
|
|
P
& L Account Reserve |
£326,057 |
-26.3% |
£442,669 |
22.8% |
£360,561 |
26.9% |
£284,121 |
15% |
£247,136 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder
Funds |
£326,067 |
-26.3% |
£442,679 |
22.8% |
£360,571 |
26.9% |
£284,123 |
15% |
£247,138 |
Other
Financial Items
|
Date
Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
|
|
Net
Worth |
£326,067 |
-26.3% |
£442,679 |
22.8% |
£360,571 |
26.9% |
£284,123 |
15% |
£247,138 |
|
|
Working
Capital |
£534,049 |
-24.4% |
£706,232 |
3.9% |
£679,427 |
-5.8% |
£721,088 |
-3.6% |
£748,336 |
|
|
Total
Assets |
£1,952,586 |
-7.3% |
£2,105,809 |
-7.3% |
£2,272,404 |
3.5% |
£2,194,515 |
16% |
£1,891,541 |
|
|
Total
Liabilities |
£1,626,519 |
-2.2% |
£1,663,130 |
-13% |
£1,911,833 |
0.1% |
£1,910,392 |
16.2% |
£1,644,403 |
|
|
Net
Assets |
£326,067 |
-26.3% |
£442,679 |
22.8% |
£360,571 |
26.9% |
£284,123 |
15% |
£247,138 |
Cash
Flow
|
Date
Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
|
|
Net
Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net
Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net
Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase
in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date
Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital
Employed |
£534,804 |
-24.8% |
£711,416 |
3% |
£690,482 |
-6.4% |
£737,382 |
-2.6% |
£757,138 |
|
|
Number
of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
||||||||||
|
Auditors |
||||||||||
|
Auditor
Comments |
The
company is exempt from audit |
|||||||||
|
Bankers |
BARCLAYS
BANK PLC |
|||||||||
|
Bank
Branch Code |
||||||||||
Ratios
|
Date
Of Accounts |
30/09/14 |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
|
|
|
Pre-tax
profit margin % |
- |
- |
- |
- |
- |
|
|
Current
ratio |
1.38 |
1.51 |
1.43 |
1.49 |
1.66 |
|
|
Sales/Net
Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing
% |
64 |
60.70 |
352.30 |
420.50 |
556.10 |
|
|
Equity
in % |
16.70 |
21 |
15.90 |
12.90 |
13.10 |
|
|
Creditor
Days |
- |
- |
- |
- |
- |
|
|
Debtor
Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid
Test |
1.32 |
1.42 |
1.25 |
1.24 |
1.45 |
|
|
Return
On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return
On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current
Debt Ratio |
4.34 |
3.14 |
4.38 |
5.12 |
4.59 |
|
|
Total
Debt Ratio |
4.98 |
3.75 |
5.30 |
6.72 |
6.65 |
|
|
Stock
Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return
on Net Assets Employed % |
- |
- |
- |
- |
- |
Report
Notes
|
There
are no notes to display. |
Status
History
|
No
Status History found |
Event History
|
Date |
Description |
|
27/06/2015 |
New
Accounts Filed |
|
11/02/2015 |
Annual
Returns |
|
02/07/2014 |
New
Accounts Filed |
|
07/02/2014 |
Annual
Returns |
|
11/07/2013 |
New
Accounts Filed |
|
08/02/2013 |
Annual
Returns |
|
26/06/2012 |
New
Accounts Filed |
|
26/06/2012 |
New
Accounts Filed |
|
10/02/2012 |
Annual
Returns |
|
28/06/2011 |
New
Accounts Filed |
|
02/05/2011 |
Annual
Returns |
|
29/06/2010 |
New
Accounts Filed |
|
28/04/2010 |
Annual
Returns |
|
21/07/2009 |
New
Accounts Filed |
|
25/06/2009 |
Annual
Returns |
Previous
Company Names
|
No
Previous Names found |
Writ
Details
|
No
writs found |
Statistics
|
Group |
-
|
|
Linkages |
0
companies |
|
Countries |
In
0 countries |
Summary
|
Holding
Company
|
-
|
|
Ownership
Status
|
|
|
Ultimate
Holding Company
|
-
|
Group
Structure Full
|
Mortgage
Details
|
Mortgage
Type: |
ALL
ASSETS DEBENTURE |
||
|
Date
Charge Created: |
27/11/12 |
||
|
Date
Charge Registered: |
05/12/12 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
CLOSE
INVOICE FINANCE LIMITED |
||
|
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, UNCALLED CAPITAL, BUILDINGS,
FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage
Type: |
MORTGAGE
DEBENTURE |
||
|
Date
Charge Created: |
05/03/10 |
||
|
Date
Charge Registered: |
13/03/10 |
||
|
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: |
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: |
05/11/07 |
||
|
Date
Charge Registered: |
13/11/07 |
||
|
Date
Charge Satisfied: |
18/10/12 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
|||
|
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 |
||
|
Mortgage
Type: |
FIXED
CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST |
||
|
Date
Charge Created: |
27/04/05 |
||
|
Date
Charge Registered: |
28/04/05 |
||
|
Date
Charge Satisfied: |
18/10/12 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
HSBC
INVOICE FINANCE (UK) LTD (SECURITY HOLDER) |
||
|
Amount
Secured: |
|||
|
Details: |
BY
WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED
BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS
BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS
RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE
SECURITY HOLDER FOR ANY REASON |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
24/08/04 |
||
|
Date
Charge Registered: |
25/08/04 |
||
|
Date
Charge Satisfied: |
18/10/12 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
HSBC
BANK PLC |
||
|
Amount
Secured: |
|||
|
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 |
|
|
AR
NOMINEES LIMITED |
31 |
1057 |
|
|
AR
CORPORATE SERVICES LIMITED |
32 |
1060 |
|
|
Average
Invoice Value
|
Ł89.80
|
||
|
Invoices
available
|
9
|
||
|
Paid
|
9
|
||
|
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 |
1 |
3 |
5 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.80 |
|
|
1 |
Rs.100.49 |
|
Euro |
1 |
Rs.72.52 |
|
GBP |
1 |
Rs.100.25 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.