|
Report Date : |
02.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRISTOL LABORATORIES LIMITED |
|
|
|
|
Registered Office : |
Unit 3 Canalside, North Bridge Road, Berkhamsted, Hertfordshire, HP41EG |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
27.06.1997 |
|
|
|
|
Com. Reg. No.: |
03393503 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of pharmaceutical goods |
|
|
|
|
No. of Employee : |
340 |
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 |
|
Maximum Credit Limit : |
GBP 1,150,000 |
|
|
|
|
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 – September 30, 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 |
|
BRISTOL
LABORATORIES LIMITED |
Telephone |
+44
014 4220 0922 |
|
UNIT
3 CANALSIDE |
Fax |
- |
|
NORTH
BRIDGE ROAD |
Website |
|
|
BERKHAMSTED |
|
|
|
HERTFORDSHIRE |
|
|
|
HP41EG |
|
|
|
United
Kingdom |
|
|
|
Company
Number: |
03393503 |
Status: |
Active
- Accounts Filed |
|
Foundation: |
27/06/1997 |
|
|
Payment experience and credit opinion
Credit Limit GBP 1,150,000
No exact match CCJs are recorded against the company. Net Worth increased by 23.4% during the latest trading period. A 3% growth in Total Assets occurred during the latest trading period. The audit report contains no adverse comments. The company’s credit rating has dropped from 71 to 63 but the company still indicates good creditworthiness. The credit limit on this company has fallen 20.7% in comparison to the previously suggested credit limit. The company saw a decrease in their Cash Balance of 56.9% during the latest trading period.
The company has undergone recent changes in its directorships. The company is part of a group. The company has changed its registered address recently. The company was established over 17 years ago.
Legal form
Private limited
with Share Capital
Foundation
27/06/1997
Company No.
03393503
Shareholders
|
Name |
Currency |
Number of shares |
Share
type |
Nominal
value |
|
BRISTOL
LABORATORIES GROUP LIMITED |
GBP |
100,000 |
ORDINARY |
1 |
|
Total
Share Capital |
GBP
100,000 |
|||
Management
|
Directors |
||||
|
Name |
Address: |
Date of birth |
Nationality |
Appointment date |
|
Mr Raju Puthenvilayil Mathaikutty |
Sherwood Green, Manor House Drive,
Northwood, Middlesex HA6 2UJ |
11/05/1956 |
British |
27/06/1997 |
|
Mr Thembalath
Ramachandran |
Cambridge House
Batchworth Lane, Northwood, Middlesex HA6 2AT |
30/11/1949 |
British |
01/11/2008 |
|
Company
Secretary |
||
|
Name |
Address: |
Appointment date |
|
Mr
Sreekumar Nair Kodupurath |
16 Seamarks Court
1a Kingsway, Luton, Bedfordshire LU4 8DT |
02/04/2014 |
Other Known Addresses
Unit
3, Canalside, Northbridge Road, Berkhamsted, Hertfordshire HP4 1EG
|
Company
No. |
Name |
Status |
Country
|
|
Ultimate
parent |
|||
|
08954173 |
BRISTOL
LABORATORIES GROUP LIMITED |
Active |
United
Kingdom |
|
Main
activity |
|
|
Principal
Activity |
A
group engaged in the manufacture and distribution of pharmaceutical products. |
|
SIC03 |
Wholesale
of pharmaceutical goods |
|
SIC07 |
Wholesale
of pharmaceutical goods |
Turnover and Employees
|
Date
of Accounts |
Turnover |
Employees |
|
30/06/2012 |
GBP
71,498,642 |
193 |
|
30/06/2013 |
GBP
78,338,703 |
320 |
|
31/03/2014 |
GBP
69,814,270 |
340 |
Banks
Bank Name Bank Branch
Sort Code
BARCLAYS BANK PLC 20-47-35
Auditor
Auditor name
KING & KING
Events
|
Company
history |
|
|
Date |
Action |
|
03/02/2010 |
New
Accounts Filed |
|
03/02/2010 |
New
Accounts Filed |
|
14/08/2010 |
Annual
Returns |
|
11/09/2010 |
Annual
Returns |
|
28/02/2011 |
New
Accounts Filed |
|
28/02/2011 |
New
Accounts Filed |
|
27/08/2011 |
Annual
Returns |
|
15/02/2012 |
New
Accounts Filed |
|
15/02/2012 |
New
Accounts Filed |
|
06/07/2012 |
Annual
Returns |
|
19/01/2013 |
New
Accounts Filed |
|
09/08/2013 |
Change
in Reg.Office |
|
09/08/2013 |
Change
of Company Postcode |
|
12/08/2013 |
Annual
Returns |
|
12/08/2013 |
Change
in Reg.Office |
|
12/08/2013 |
Change
of Company Postcode |
|
07/04/2014 |
Mr
S. Nair Kodupurath has left the board |
|
07/04/2014 |
Mr
S. Nair Kodupurath has resigned as company secretary |
|
07/04/2014 |
New
Company Secretary Mr S. Nair Kodupurath appointed |
|
07/04/2014 |
New
Board Member Mr S.N. Kodupurath appointed |
|
08/04/2014 |
New
Accounts Filed |
|
08/04/2014 |
New
Accounts Filed |
|
05/06/2014 |
Mr
S.N. Kodupurath has left the board |
|
11/07/2014 |
Annual
Returns |
|
10/11/2014 |
New
Accounts Filed |
|
10/11/2014 |
New
Accounts Filed |
|
Mortgages |
|||
|
Charge
created |
13/11/2001 |
||
|
Charge
registered |
20/11/2001 |
||
|
Status |
SATISFIED |
||
|
Entitled
person |
BARCLAYS
BANK PLC; |
||
|
Mortgage
detail |
83259444THE
CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE
SCHEDULE TO THE FORM 395 (INCLUDING ALL ORANY PART OF THE MONEY
PAYABLE PURSUANT TO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY)
TOGETHER WITH ALL INTERESTFROM TIME TO
TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHAR-GORFOR THE
PURPOSES OF AND TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE CHARGOR
TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON |
||
|
|
|
||
|
Charge
created |
05/12/2003 |
|
|
|
Charge
registered |
18/12/2003 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
BARCLAYS
BANK PLC; |
|
|
|
Mortgage
detail |
ALL THAT L/H PROPERTY KNOWN AS UNIT 3 CANALSIDE, NORTHBRIDGE ROAD, BERKHAMSTEAD,
HERTFORDSHIRE |
|
|
|
|
|
|
|
|
Charge
created |
10/08/2004 |
|
|
|
Charge
registered |
19/08/2004 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
BARCLAYS
BANK PLC; |
|
|
|
Mortgage
detail |
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 |
|
|
|
|
|
|
|
|
Charge
created |
31/03/2005 |
|
|
|
Charge
registered |
05/04/2005 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
BARCLAYS
BANK PLC; |
|
|
|
Mortgage
detail |
BLISTER
PACKING MACHINE MANUFACTURER CAM MACHINERIES MODEL M90 CARTONING MACHINE
MANUFACTURER CAM MACHINERIES MODEL C.12600R.O.I CHECKWEIGHER MANUFACTURER LOMASYSTEMS
MODEL 6000 SERIES FOR FURTHER DETAILS OF THE GOODS CHARGED PLEASE REFERTO
FORM 395 TOGETHER WITH ALL COMPONENTPARTS AND ALL IMPROVEMENTS AND
RE-NEWALSALL BOOKS, MANUALS, HANDBOOKS, TECHNICAL DATA, DRAWINGS, SCHEDULES
AND OTHER DOCUMENTATIONSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge
created |
23/06/2006 |
|
|
|
Charge
registered |
29/06/2006 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
BARCLAYS
BANK PLC; |
|
|
|
Mortgage
detail |
F/H
PROPERTY K/A BRISTOL LABORATORIES LAPORTE WAY, LUTON |
|
|
|
|
|
|
|
|
Charge
created |
31/07/2008 |
|
|
|
Charge
registered |
13/08/2008 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
BARCLAYS
BANK PLC; |
|
|
|
Mortgage
detail |
L/H K/A 12 QUENELL
HOUSE (PLOT 49) SHELDON WAY BERKHAMSTED HERTFORDSHIRE MORE PARTICULARLY
DESCRIBED IN A LEASE DATED 31 ULY 2008 MADE BETWEEN (1) TESCO STORESLIMITED
(2) BRISTOL LABORATORIES LIMITED AND (3) STAG LANE (BERKHAMSTED) MANAGEMENT
COMPANY LIMITED |
|
|
|
|
|
|
|
|
Charge
created |
31/07/2008 |
|
|
|
Charge
registered |
13/08/2008 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
BARCLAYS
BANK PLC; |
|
|
|
Mortgage
detail |
L/H K/A 6 QUENELL HOUSE (PLOT 50) SHELDON
WAY BERKHAMSTED HERTFORDSHIRE MORE PARTICULARLY DESCRIBED IN A LEASE DATED
31JULY 2008 MADE BETWEEN (1) TESCO STORESLIMITED (2) BRISTOL LABORATORIES
LIMITED AND (3) STAG LANE (BERKHAMSTED) MANAGEMENT COMPANY LIMITED |
|
|
|
|
|
|
|
|
Charge
created |
15/10/2008 |
|
|
|
Charge
registered |
21/10/2008 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
BARCLAYS
BANK PLC; |
|
|
|
Mortgage
detail |
ALL THAT FREEHOLD PROPERTY SITUATE AND BEING
9 PREMIER BUSINESS PARK, DENCORAWAY, LUTON, BEDFORDSHIRE T/N BD 231844 |
|
|
|
|
|
|
|
|
Charge
created |
10/11/2008 |
|
|
|
Charge
registered |
12/11/2008 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
BARCLAYS
BANK PLC; |
|
|
|
Mortgage
detail |
L/H PROPERTY K/A 8
QUENELL HOUSE (PLOT 40) SHELDON WAY BERKHAM-STEAD HERTFORDSHIRE |
|
|
|
|
|
|
|
|
Charge
created |
04/09/2009 |
|
|
|
Charge
registered |
09/09/2009 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
FORTE
DEVELOPMENTS LIMITED; |
|
|
|
Mortgage
detail |
F/H
9B PREMIER BUSINESS PARK LUTON BEDFORDSHIRE |
|
|
|
|
|
|
|
|
Charge
created |
08/05/2014 |
|
|
|
Charge
registered |
08/05/2014 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled
person |
LLOYDS
BANK PLC; |
|
|
|
Mortgage
detail |
SITE EP3809/5 AND 6 WHITEHOUSE INDUSTRIAL
PARK, PETERLEE COMPROMISED IN T/NO: DU259483CONTAINS FIXED CHARGE.CONTAINS
FLOATING CHARGE.CONTAINS
NEGATIVE PLEDGE. |
|
|
|
|
|
|
|
|
Charge
created |
03/07/2014 |
|
|
|
Charge
registered |
11/07/2014 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled
person |
LLOYDS
BANK COMMERCIAL FINANCE LIMITED; |
|
|
|
Mortgage
detail |
CONTAINS
FLOATING CHARGE.CONTAINS NEGATIVE PLEDGE. |
|
|
|
|
|
|
|
|
Charge
created |
12/12/2014 |
|
|
|
Charge
registered |
23/12/2014 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled
person |
LLOYDS
BANK PLC; |
|
|
|
Mortgage
detail |
BRISTOL
LABORATORIES FACTORY LAPORTE WAY LUTON (BD250707): UNIT 9A PREMIER BUSINESS
PARK LUTON (BD271187): UNIT 9B PREMIER
BUSINESS PARK LUTON (BD271599) AND UNIT 3 CANAL SIDE NORTH BRIDGE ROAD BERKHAMPSTEAD
(HD428867)CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.CONTAINS
NEGATIVE PLEDGE. |
|
|
County Court Judgments
(CCJs)
There are no County Court Judgments listed against this company
Profit & Loss
|
|
31/03/2014 39 GBP Group: Yes |
30/06/2013 52 GBP Group: Yes |
30/06/2012 52 GBP Group: Yes |
30/06/2011 52 GBP Group: No |
|
Turnover |
69,814,270 |
78,338,703 |
71,498,642 |
67,584,567 |
|
Export |
5,499,444 |
7,243,167 |
- |
6,627,704 |
|
Cost
of Sales |
57,232,321 |
64,232,427 |
58,280,118 |
56,064,634 |
|
Gross
Profit |
12,581,949 |
14,106,276 |
13,218,524 |
11,519,933 |
|
Wages
And Salaries |
7,039,278 |
6,852,390 |
5,173,520 |
4,280,622 |
|
Directors
Emoluments |
296,609 |
364,840 |
343,506 |
321,759 |
|
Operating
Profit |
4,110,656 |
6,063,967 |
6,903,162 |
5,254,518 |
|
Depreciation |
1,424,562 |
1,234,781 |
1,346,069 |
1,027,316 |
|
Audit
Fees |
25,000 |
22,000 |
20,000 |
20,000 |
|
Interests
Payments |
34,249 |
68,660 |
85,755 |
181,930 |
|
Pre
Tax Profit |
5,608,454 |
5,996,097 |
6,819,471 |
5,076,354 |
|
Taxation |
-1,369,313 |
-1,599,401 |
-1,482,117 |
-1,211,224 |
|
Profit
After Tax |
4,239,141 |
4,396,696 |
5,337,354 |
3,865,130 |
|
Dividends
Payable |
600,000 |
500,000 |
200,000 |
300,000 |
|
Retained
Profit |
3,865,082 |
4,095,138 |
5,162,196 |
3,565,130 |
Balance Sheet
|
|
31/03/2014 39 GBP Group: Yes |
30/06/2013 52 GBP
Group: Yes |
30/06/2012 52 GBP Group: Yes |
30/06/2011 52 GBP
Group: No |
|
Tangible Assets |
17,293,370 |
14,351,981 |
14,116,216 |
12,852,404 |
|
Intangible Assets |
1,736,611 |
2,007,918 |
0 |
0 |
|
Total
Fixed Assets |
19,029,981 |
16,359,899 |
14,116,216 |
12,852,404 |
|
Stock |
13,059,231 |
15,636,117 |
9,542,588 |
9,022,525 |
|
Trade Debtors |
20,521,028 |
17,847,021 |
15,428,483 |
14,582,761 |
|
Cash |
1,104,596 |
2,562,062 |
1,202,048 |
551,693 |
|
Other Debtors |
3,335,880 |
2,942,242 |
3,026,435 |
3,509,074 |
|
Miscellaneous Current Assets |
889,546 |
889,546 |
767,568 |
767,568 |
|
Total
Current Assets |
38,910,281 |
39,876,988 |
29,967,122 |
28,433,621 |
|
Trade Creditors |
17,534,316 |
23,192,836 |
17,932,432 |
18,814,709 |
|
Bank Loans and Overdraft |
1,661,640 |
673,694 |
1,928,519 |
995,572 |
|
Other Short Term Finance |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Liabilities |
12,114,304 |
10,510,549 |
5,087,395 |
5,747,300 |
|
Total
Current Liabilities |
31,310,260 |
34,377,079 |
24,948,346 |
25,557,581 |
|
Bank Loans and Overdrafts LTL |
6,831,211 |
4,539,437 |
7,164,584 |
7,987,285 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total
Long Term Liabilities |
5,169,571 |
3,865,743 |
5,236,065 |
6,991,713 |
Capital & Reserves
|
|
31/03/2014 39 GBP Group: Yes |
30/06/2013 52 GBP Group: Yes |
30/06/2012 52 GBP Group: Yes |
30/06/2011 52 GBP Group: No |
|
Called Up Share Capital |
100,000 |
100,000 |
100,000 |
100,000 |
|
P and L Account Reserve |
21,360,431 |
17,495,349 |
13,400,211 |
8,238,015 |
|
Revaluation Reserve |
0 |
398,716 |
398,716 |
398,716 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders
Funds |
21,460,431 |
17,994,065 |
13,898,927 |
8,736,731 |
Other Financial Items
|
|
31/03/2014 39 GBP Group: Yes |
30/06/2013 52 GBP Group: Yes |
30/06/2012 52 GBP Group: Yes |
30/06/2011 52 GBP Group: No |
|
Net
Worth |
19,723,820 |
15,986,147 |
13,898,927 |
8,736,731 |
|
Working
Capital |
7,600,021 |
5,499,909 |
5,018,776 |
2,876,040 |
|
Total
Assets |
57,940,262 |
56,236,887 |
44,083,338 |
41,286,025 |
|
Total
Liabilities |
36,479,831 |
38,242,822 |
30,184,411 |
32,549,294 |
|
Net
Assets |
21,460,431 |
17,994,065 |
13,898,927 |
8,736,731 |
Cash Flow
|
|
31/03/2014 39 GBP Group: Yes |
30/06/2013 52 GBP Group: Yes |
30/06/2012 52 GBP Group: Yes |
30/06/2011 52 GBP Group: No |
|
Net
Cash Flow from Operations |
1,482,380 |
9,048,675 |
6,016,635 |
5,086,980 |
|
Net
Cash Flow before Financing |
-3,749,240 |
3,985,161 |
1,473,056 |
1,809,215 |
|
Net
Cash Flow from Financing |
1,300,681 |
-1,543,619 |
-1,904,229 |
356,534 |
|
Increase
in Cash |
-1,457,466 |
1,360,014 |
650,355 |
-326,956 |
Miscellaneous
|
|
31/03/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
|
|
39 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group:
Yes |
Group:
Yes |
Group:
Yes |
Group:
No |
|
Capital Employed |
26,630,002 |
21,859,808 |
19,134,992 |
15,728,444 |
Financial Ratios
|
Name |
31/03/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
|
Pre
Tax Profit Margin |
8.03 % |
7.65 % |
9.54 % |
7.51 % |
|
Current
Ration |
1.24 |
1.16 |
1.20 |
1.11 |
|
Sales
or Net Working Capital |
9.19 |
14.24 |
14.25 |
23.50 |
|
Gearing |
31.83% |
25.23 % |
51.55 % |
91.42% |
|
Equity |
38.18% |
33.18% |
31.53 % |
21.16% |
|
Creditor
Days |
68.56 |
107.76 |
91.29 |
101.33 |
|
Debtor
Days |
80.24 |
82.92 |
78.54 |
78.54 |
|
Liquidity
or Acid test |
0.82 |
0.70 |
0.81 |
0.75 |
|
Return
on Capital Employed |
21.06% |
27.42 % |
35.63 % |
32.27 % |
|
Return
on Total Assets Employed |
9.67 % |
10.66 % |
15.46% |
12.29% |
|
Current
Debt Ratio |
1.45 % |
1.91 % |
1.79 % |
2.92 % |
|
Name |
31/03/2014 |
30/06/2013 |
30/06/2012 |
30/06/2011 |
|
Total
Debt Ratio |
1.69 % |
2.12% |
2.17% |
3.72 % |
|
Stock
Turnover Ratio |
18.70 % |
19.95 % |
13.34% |
13.34% |
|
Return
on Net Assets Employed |
26.13% |
33.32 % |
49.06 % |
58.10% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
|
1 |
Rs.98.63 |
|
Euro |
1 |
Rs.76.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.