|
Report No. : |
309492 |
|
Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
DILBAG CLOTH HOUSE LIMITED |
|
|
|
|
Registered Office : |
Dilbag
Building Duncomb Road, Ingleby Road, Bradford, West Yorkshire, Bd8 9al |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.10.2013 |
|
|
|
|
Date of Incorporation : |
11.06.1993 |
|
|
|
|
Com. Reg. No.: |
02826388 |
|
|
|
|
Legal Form : |
Private
Limited With Share Capital |
|
|
|
|
LINE OF BUSINESS : |
IMPORTER, EXPORTER &
WHOLESALER OF FASHION TEXTILES [WE TRIED TO CONFIRM / OBTAIN THE DETAILED ACTIVITY BUT THE
SAME IS NOT AVAILABLE FROM ANY SOURCES.] |
|
|
|
|
No of Employees : |
43 (31.10.2012) |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
|
DILBAG CLOTH HOUSE LIMITED |
Telephone |
+44
012 7452 1711 |
|
DILBAG
BUILDING DUNCOMB ROAD |
Fax |
- |
|
INGLEBY
ROAD |
Website |
|
|
BRADFORD |
|
|
|
WEST
YORKSHIRE |
|
|
|
BD8
9AL |
|
|
|
United
Kingdom |
|
|
|
Company
Number: |
02826388 |
Status: |
Active
- Accounts Filed |
|
Foundation: |
11/06/1993 |
|
|
No exact match
CCJs are recorded against the company. The company's credit rating has
increased from not rated to 87 which indicates very good creditworthiness. Net Worth
increased by 0.8% during the latest trading period. The company saw an increase
in their Cash Balance of 30% during the latest trading period. The movement in
accumulated earnings would indicate that the company made a profit after tax
and other appropriations, including dividends.
A 9.1% decline in Total Assets occurred during the latest trading
period.
There is
insufficient data to indicate a change in this company's percentage of sales.
There has been no discernible change in the company's pre-tax profit. The
company is exempt from audit. No recent changes in directorship are recorded.
The company is not part of a group. The company was established over 21 years
ago.
Legal form
Private limited
with Share Capital
Foundation
11/06/1993
Company No.
02826388
Shareholders
|
Name |
Currency |
Number of
shares |
Share type |
Nominal value |
|
||||
|
DILBAG SINGH
FAMILY DISCRETIONARY TRUST NO 1 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 10 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 2 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 3 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 4 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 5 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 6 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 7 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 8 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
DILBAG SINGH
FAMILY TRUST NO 9 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY DISCRETIONARY TRUST |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY TRUST NO 10 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY TRUST NO 2 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY TRUST NO 3 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY TRUST NO 4 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY TRUST NO 5 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY TRUST NO 6 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY TRUST NO 7 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
GURMAIL KAUR
FAMILY TRUST NO 8 |
GBP |
50,000 |
ORDINARY |
1 |
|
||||
|
CGURMAIL KAUR FAMILY TRUST NO 9 |
GBP |
50,000 |
ORDINARY |
1 |
|||||
|
Total Share Capital |
GBP 1,000,000 |
||||||||
|
Directors |
||||
|
Name |
Address: |
Date of birth |
Nationality |
Appointment date |
|
Dilbag Singh |
Heygate House,
Heygate Lane, Baildon, West Yorkshire BD17 6SH |
11/04/1939 |
British |
14/06/1993 |
|
Mr Gurmail
Kaur |
Heygate House,
Heygate Lane, Baildon, West Yorkshire BD17 6SH |
20/09/1945 |
British |
14/06/1993 |
|
Mr Harpreet Singh
Makkar |
1a Woodlands
Grove, Baildon, Shipley, West Yorkshire BD17 5BD |
24/03/1975 |
British |
01/09/1998 |
|
Mr Jaswant
Singh |
1b Belmont
Avenue, Baildon, Shipley, West Yorkshire
BD17 5AJ |
18/03/1973 |
British |
01/09/1998 |
Company Secretary
|
Name |
Address: |
Appointment date |
|
Dilbag Singh |
Heygate House,
Heygate Lane, Baildon, West Yorkshire BD17
6SH |
14/06/1993 |
Dilbag Building Duncomb Road, Ingleby Road, Bradford, West
Yorkshire BD8 9AL
|
Main activity |
|
|
Principal
Activity |
Importer,
Exporter & Wholesaler of Fashion Textiles |
Turnover and Employees
|
Date of Accounts |
Turnover |
Employees |
|
31/10/2011 |
Not Stated |
48 |
|
31/10/2012 |
Not Stated |
43 |
|
31/10/2013 |
Not Stated |
Not Stated |
|
Bank Name |
Bank Branch Sort Code |
|
NATIONAL WESTMINSTER BANK PLC |
56-00-36 |
Auditor name
ORACLE
ACCOUNTANTS LIMITED
|
Company history |
|
|
Date |
Action |
|
24/07/2010 |
Annual Returns |
|
11/08/2010 |
New Accounts
Filed |
|
11/08/2010 |
New Accounts
Filed |
|
22/06/2011 |
Annual Returns |
|
26/07/2011 |
New Accounts
Filed |
|
26/07/2011 |
New Accounts
Filed |
|
10/07/2012 |
Annual Returns |
|
06/08/2012 |
New Accounts
Filed |
|
06/08/2012 |
New Accounts
Filed |
|
18/07/2013 |
Annual Returns |
|
07/08/2013 |
New Accounts
Filed |
|
05/07/2014 |
Annual Returns |
|
13/08/2014 |
New Accounts
Filed |
|
Charge created |
17/09/1993 |
|
Charge registered |
24/09/1993 |
|
Status |
OUTSTANDING |
|
Entitled person |
NATIONAL
WESTMINSTER BANK PLC |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
A SPECIFIC EQUITABLE
CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF
SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF
ANY LICENCES |
Charge created 09/03/2000
Charge registered 22/03/2000
Status OUTSTANDING
Entitled person NATIONAL WESTMINSTER BANK PLC
Secured amount ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER
Mortgage detail THE FREEHOLD PROPERTY KNOWN AS 2-10 (EVEN) DUNCOMBE ROAD OFF
INGLEBY ROAD BRADFORD WEST YORKSHIRE AND THE PROCEEDS OF SALE
THEREOF FLOATING CHARGE OVER ALL
MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN
ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE
FULL BENEFIT OF ALL LICENCES
Charge created 07/05/2008
Charge registered 08/05/2008
Status OUTSTANDING
Entitled person NATIONAL WESTMINSTER BANK PLC
Secured amount ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER
Mortgage detail WILKINSON UNIT MILL GREEN WAY CLOWNE DERBYSHIRE BY WAY OF FIXED
CHARGE, THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE
PROPERTY AND ALL PLANT MACHINERY, FIXTURES, FITTINGS, FURNITURE,
EQUIPMENT, IMPLEMENTS AND UTENSILS. THE GOODWILL OF ANY BUSINESS
CARRIED ON AT THE PROPERTY ANDTHE PROCEEDS OF ANY INSURANCE AFFECTINGTHE PROPERTY OR ASSETS
Charge created 29/10/2008
Charge registered 05/11/2008
Status OUTSTANDING
Entitled person SVENSKA HANDELSBANKEN AB (PUBL)
Secured amount ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Mortgage detail RETAIL DEVELOPMENT ADWICK ROAD MEXBOROUGH FORMERLY K/A JOB
CENTRE ADWICK ROAD MEXBOROUGH T/N SYK486839 AND EACH AND EVERY PART THEREOF AND ALL BUILDINGS ERECTIONS AND STRUCTURES AND FIXTURES AND FITTINGS AND FIXED PLANT AND MACHINERY AND WITH THE BENEFIT OF ALL EXISTING AND FUTURE LEASES UNDERLEASES TENANCIES AGREEMENTS FOR LEASE RIGHTS COVENANTS UNDERTAKINGS WARRANTIES FLOATING CHARGE ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT FIXED CHARGE ALL THE BENEFIT OF AND THE RIGHT TO ENFORCE ALL CONTRACTS AND AGREEMENTS FOR THE SALE PURCHASE LEASING MORTGAGING MANAGEMENTOR OTHER DEALING WITH THE MORTGAGED PROPERTY ALL RENTS AND LICENCE FEES FLOATING CHARGE THE PROPERTY ASSETS AND RIGHTS OF THE COMPANY
Charge created 08/10/2010
Charge registered 13/10/2010
Status OUTSTANDING
Entitled person NATIONAL WESTMINSTER BANK PLC
Secured amount ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER
Mortgage detail UNIT 3 (128/132) YORK ROAD WEST HARTLEPOOL BEING PART T/NO CE102235
BY WAY OF FIXED CHARGE ANY OTHER INTEREST IN THE PROPERTY, ALL
RENTS RECEIVABLE AND ALL PLANTMACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS. THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCEAFFECTING THE PROPERTY OR ASSETS.
Charge created 01/03/2011
Charge registered 02/03/2011
Status OUTSTANDING
Entitled person NATIONAL WESTMINSTER BANK PLC
Secured amount ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER
Mortgage detail FORMER WESTBURY MOTORS, FORE STREET, TROWBRIDGE ROAD, WESTBURY
BY WAY OF FIXED CHARGE ANY OTHER
INTEREST IN THE PROPERTY, ALL RENTS RECEIVABLE AND ALL PLANT MACHINERY FIXTURES
FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS. THE GOODWILLOF ANY
BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING
THE PROPERTY OR ASSETS.
(CCJs)
There are no County Court
Judgments listed against this company
Profit & Loss
|
|
31/10/2013 52 GBP Group: No |
31/10/2012 52 GBP Group: No |
31/10/2011 52 GBP Group: No |
31/10/2010 52 GBP Group: No |
|
Turnover |
0 |
0 |
0 |
0 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
|
Gross Profit |
- |
1,550,481 |
1,867,282 |
2,025,247 |
|
Wages And Salaries |
0 |
677,977 |
751,890 |
772,427 |
|
Directors Emoluments |
- |
234,604 |
309,716 |
332,591 |
|
Operating Profit |
- |
-65,795 |
134,006 |
291,373 |
|
Depreciation |
107,717 |
122,411 |
110,668 |
134,124 |
|
Audit Fees |
0 |
- |
4,500 |
4,500 |
|
Interests Payments |
- |
115,196 |
182,267 |
80,990 |
|
Pre Tax Profit |
0 |
385,252 |
477,627 |
670,136 |
|
Taxation |
- |
128,988 |
-97,635 |
-197,878 |
|
Profit After Tax |
- |
514,240 |
379,992 |
472,258 |
|
Dividends Payable |
- |
0 |
0 |
0 |
|
Retained Profit |
- |
514,240 |
379,992 |
472,258 |
Balance Sheet
|
|
31/10/2013 52 GBP Group: No |
31/10/2012 52 GBP Group: No |
31/10/2011 52 GBP Group: No |
31/10/2010 52 GBP Group: No |
|
Tangible Assets |
9,524,039 |
9,618,129 |
9,718,855 |
9,541,904 |
|
Intangible Assets |
0 |
8,930 |
17,860 |
26,790 |
|
Total Fixed Assets |
9,524,039 |
9,627,059 |
9,736,715 |
9,568,694 |
|
Stock |
1,889,535 |
1,376,613 |
1,436,360 |
1,379,020 |
|
Trade Debtors |
1,757,227 |
3,246,195 |
3,937,231 |
3,977,953 |
|
Cash |
130,878 |
100,637 |
327,684 |
312,099 |
|
Other Debtors |
0 |
289,663 |
158,348 |
141,154 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
3,777,640 |
5,013,108 |
5,859,623 |
5,810,226 |
|
Trade Creditors |
1,455,809 |
377,545 |
871,223 |
902,498 |
|
Bank Loans and Overdraft |
0 |
1,686,675 |
2,118,189 |
1,812,244 |
|
Other Short Term Finance |
0 |
29,760 |
23,270 |
0 |
|
Miscellaneous Current
Liabilities |
0 |
462,042 |
549,968 |
664,258 |
|
Total Current Liabilities |
1,455,809 |
2,556,022 |
3,562,650 |
3,379,000 |
|
Bank Loans and Overdrafts LTL |
1,865,696 |
3,862,943 |
4,758,240 |
3,928,982 |
|
Other Long Term Finance |
0 |
13,448 |
39,963 |
0 |
|
Total Long Term Liabilities |
1,865,696 |
2,176,268 |
2,640,051 |
2,116,738 |
Capital & Reserves
|
|
31/10/2013 52 GBP Group: No |
31/10/2012 52 GBP Group: No |
31/10/2011 52 GBP Group: No |
31/10/2010 52 GBP Group: No |
|
Called Up Share Capital |
1,000,000 |
1,000,000 |
1,000,000 |
1,000,000 |
|
P and L Account Reserve |
9,849,711 |
9,777,414 |
9,263,174 |
8,883,182 |
|
Revaluation Reserve |
-869,537 |
-869,537 |
-869,537 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
9,980,174 |
9,907,877 |
9,393,637 |
9,883,182 |
Other Financial Items
|
|
31/10/2013 52 GBP Group: No |
31/10/2012 52 GBP Group: No |
31/10/2011 52 GBP Group: No |
31/10/2010 52 GBP Group: No |
|
Net Worth |
9,980,174 |
9,898,947 |
9,375,777 |
9,856,392 |
|
Working Capital |
2,321,831 |
2,457,086 |
2,296,973 |
2,431,226 |
|
Total Assets |
13,301,679 |
14,640,167 |
15,596,338 |
15,378,920 |
|
Total Liabilities |
3,321,505 |
4,732,290 |
6,202,701 |
5,495,738 |
|
Net Assets |
9,980,174 |
9,907,877 |
9,393,637 |
9,883,182 |
Cash Flow
|
|
31/10/2013 52 GBP Group: No |
31/10/2012 52 GBP Group: No |
31/10/2011 52 GBP Group: No |
31/10/2010 52 GBP Group: No |
|
Net Cash Flow from Operations |
0 |
173,465 |
157,192 |
159,027 |
|
Net Cash Flow before Financing |
0 |
616,173 |
-854,221 |
-705,306 |
|
Net Cash Flow from Financing |
0 |
-411,706 |
682,609 |
969,066 |
|
Increase in Cash |
30,241 |
-227,047 |
15,585 |
1,741 |
Miscellaneous
|
|
31/10/2013 |
31/10/2012 |
31/10/2011 |
31/10/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Capital
Employed |
11,845,870 |
12,084,145 |
12,033,688 |
11,999,920 |
Financial Ratios
|
Name |
31/10/2013 |
31/10/2012 |
31/10/2011 |
31/10/2010 |
|
Pre Tax Profit Margin |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Ration |
2.59 |
1.96 |
1.64 |
1.72 |
|
Sales or Net Working Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
18.69
% |
38.99
% |
50.65
% |
39.75
% |
|
Equity |
75.03
% |
67.72
% |
60.30
% |
64.38
% |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity or Acid test |
1.29 |
1.42 |
1.24 |
1.31 |
|
Return on Capital Employed |
0.0% |
3.18% |
3.96
% |
5.58
% |
|
Return on Total Assets Employed |
0.0% |
2.63
% |
3.06
% |
4.35
% |
|
Current Debt Ratio |
0.14% |
0.25
% |
0.37
% |
0.34
% |
|
Total Debt Ratio |
0.33
% |
0.47
% |
0.66
% |
0.55
% |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets Employed |
0.0% |
3.88
% |
5.08
% |
6.78
% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.27 |
|
UK Pound |
1 |
Rs.96.21 |
|
Euro |
1 |
Rs.70.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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.