MIRA INFORM REPORT

 

 

Report No. :

356210

Report Date :

24.12.2015

 

IDENTIFICATION DETAILS

 

Name :

KHUSH INGREDIENTS LIMITED

 

 

Registered Office :

8 Fenlock Court, Blenheim Office Park Long Hanbor, Witney OX29 8LN

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

17.09.2008

 

 

Com. Reg. No.:

06700632

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Wholesale of Chemical Products.

 

 

No. of Employees :

Not Available

 

 

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 – 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:           KHUSH INGREDIENTS LIMITED

Company No:                06700632

Company Status:          Active - Accounts Filed

Registered Address:      8 FENLOCK COURT BLENHEIM OFFICE PARK LONG HANBOR

                                    WITNEY OX29 8LN

 

 

Company Summary

 

Registered Address       8 FENLOCK COURT, BLENHEIM OFFICE PARK LONG HANBOR, WITNEY
                                    OX29 8LN

Trading Address            8 Fenlock Court, Blenheim Office Park, Long Hanborough, Witney, Oxfordshire
                                    OX29 8LN

Website Address           http://www.khushing.com  

Telephone Number        01993882883

Fax Number                  --

TPS                              No

FPS                              Yes

Incorporation Date         17/09/2008

Previous Name              -

Type                             Private limited with Share Capital

FTSE Index                   -

Date of Change             -

Filing Date of Accounts             19/06/2015

Currency                       GBP

Share Capital                £1,000

SIC07                           46750

Charity Number             -

SIC07 Description         WHOLESALE OF CHEMICAL PRODUCTS

Principal Activity           -

 

 

Key Financials

 

Year to Date                 Turnover          Pre Tax Profit               Shareholder     Funds Employees

31/03/2015                    -                       -                                   £102,609           -

31/03/2014                    -                       -                                   £97,281             -

31/03/2013                    -                       -                                   £46,566             -

 

 

Mortgage Summary

 

Total Mortgage                                      0

Outstanding                                          0

Satisfied                                               0

 

 

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 very positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase 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

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

0

 

 

Current Directors

 

Title

Mr

Function

Director

Name

Manoj Gujral

Nationality

British

Date of Birth

03/1964

Present Appointments

3

Latest Address

3 Cadogan Park, Woodstock, Oxfordshire

Appointment Date

08/05/2013

Post Code

OX20 1UW

Title

Mr

Function

Director

Name

Pramod Gujral

Nationality

British

Date of Birth

06/1967

Present Appointments

2

Latest Address

Field View, East End, Nr North Leigh, Witney, Oxfordshire

Appointment Date

17/09/2008

Post Code

OX29 6PZ

 

Title

Ms

Function

Director

Name

Helle Gujral

Nationality

British

Date of Birth

12/1961

Present Appointments

1

Latest Address

3, Cadogan Park, Woodstock, Oxfordshire

Appointment Date

17/09/2008

Post Code

OX20 1UW

 

 

Current Company Secretary

 

Title

Ms

Function

Company Secretary

Name

Samantha Morgan

Nationality

Date of Birth

-

Present Appointments

1

Latest Address

Field View, East End Nr North Leigh, Witney

Appointment Date

17/09/2008

Post Code

OX29 6PZ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

SAMANTHA MORGAN

GBP

250

ORDINARY

1

25

PRAMOD GUJRAL

GBP

250

ORDINARY

1

25

MANOJ GUJRAL

GBP

250

ORDINARY

1

25

HELLE GUJRAL

GBP

250

ORDINARY

1

25

 

 

Financials

 

Profit & Loss

 

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Turnover

-

-

-

-

-

-

£313,062

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Export

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Cost of Sales

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Gross Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Wages & Salaries

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Directors Emoluments

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Operating Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Depreciation

£2,218

-52.1%

£4,628

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Audit Fees

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Interest Payments

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Taxation

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Profit After Tax

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Tangible Assets

£2,452

-32.4%

£3,626

262.6%

£1,000

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Intangible Assets

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Total Fixed Assets

£2,452

-32.4%

£3,626

262.6%

£1,000

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Stock

£66,235

194%

£22,530

-31.3%

£32,795

-47.3%

£62,181

202.7%

£20,543

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Trade Debtors

£63,726

72.5%

£36,947

7.7%

£34,302

31.3%

£26,123

320.8%

£6,208

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Cash

£53,596

-24.6%

£71,125

85.8%

£38,286

-15.5%

£45,318

132.6%

£19,487

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Other Debtors

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Total Current Assets

£183,557

40.5%

£130,602

23.9%

£105,383

-21.1%

£133,622

189%

£46,238

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Trade Creditors

£83,400

125.7%

£36,947

-38.2%

£59,817

-33.4%

£89,830

187.9%

£31,200

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Total Current Liabilities

£83,400

125.7%

£36,947

-38.2%

£59,817

-33.4%

£89,830

187.9%

£31,200

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

.

Capital & Reserves

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Called Up Share Capital

£1,000

-

£1,000

-

£1,000

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

P & L Account Reserve

£101,609

5.5%

£96,281

111.3%

£45,566

4.1%

£43,792

191.2%

£15,038

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Shareholder Funds

£102,609

5.5%

£97,281

108.9%

£46,566

6.3%

£43,792

191.2%

£15,038

 

Other Financial Items

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Net Worth

£102,609

5.5%

£97,281

108.9%

£46,566

6.3%

£43,792

191.2%

£15,038

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Working Capital

£100,157

6.9%

£93,655

105.5%

£45,566

4.1%

£43,792

191.2%

£15,038

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Total Assets

£186,009

38.6%

£134,228

26.2%

£106,383

-20.4%

£133,622

189%

£46,238

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Total Liabilities

£83,400

125.7%

£36,947

-38.2%

£59,817

-33.4%

£89,830

187.9%

£31,200

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Net Assets

£102,609

5.5%

£97,281

108.9%

£46,566

6.3%

£43,792

191.2%

£15,038

 

Cash Flow

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Capital Employed

£102,609

5.5%

£97,281

108.9%

£46,566

6.3%

£43,792

191.2%

£15,038

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

Ratios

Date Of Accounts

31/03/15

31/03/14

31/03/13

31/03/12

31/03/11

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Pre-tax profit margin %

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Current ratio

2.20

3.53

1.76

1.49

1.48

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Sales/Net Working Capital

-

-

-

7.15

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Gearing %

0

0

0

0

0

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Equity in %

55.20

72.50

43.80

32.80

32.50

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Creditor Days

-

-

-

104.44

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Debtor Days

-

-

-

30.37

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Liquidity/Acid Test

1.40

2.92

1.21

0.79

0.82

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Return On Capital Employed %

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Return On Total Assets Employed %

-

-

-

-

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Current Debt Ratio

0.81

0.37

1.28

2.05

2.07

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Total Debt Ratio

0.81

0.37

1.28

2.05

2.07

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Stock Turnover Ratio %

-

-

-

19.86

-

Description: \\VIVEK-PC\123 Foreign Report Raw\KHUSH INGREDIENTS LIMITED_files\barchart-grey.png

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

13/10/2015

Annual Returns

24/06/2015

New Accounts Filed

09/12/2014

New Accounts Filed

09/12/2014

New Accounts Filed

24/09/2014

Annual Returns

06/02/2014

Change in Reg.Office

06/02/2014

Change of Company Postcode

05/10/2013

Annual Returns

28/05/2013

New Accounts Filed

10/05/2013

New Board Member Mr M. Gujral appointed

24/09/2012

New Accounts Filed

22/09/2012

Annual Returns

23/09/2011

Annual Returns

13/08/2011

New Accounts Filed

13/08/2011

New Accounts Filed

 

 

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

 

No Group Structure

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

Average Invoice Value

£300

Invoices available

3

Paid

3

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

2

0

0

0

Outstanding

0

0

0

0

0

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.20

UK Pound

1

Rs.98.30

Euro

1

Rs.72.41

GBP

1

Rs.98.24

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

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%)

 

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.