|
Report No. : |
301704 |
|
Report Date : |
07.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
WOGEN RESOURCES LIMITED |
|
|
|
|
Formerly Known As : |
TIMEOVER LIMITED |
|
|
|
|
Registered Office : |
4 The
Sanctuary Westminster London SW1P 3JS
|
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
06.11.1986 |
|
|
|
|
Com. Reg. No.: |
02071596 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of metals and metal ores |
|
|
|
|
No. of Employees : |
28 |
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 – 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 |
4 THE SANCTUARY
WESTMINSTER
LONDON SW1P 3JS
United Kingdom
Telephone (+44) 20 7222 2171
Fax (+44) 20 7222 5862
Website www.wogen.com
No exact match CCJs are recorded against the company. A 2% growth in Total Assets occurred during the latest trading period. The company
saw
an increase in their
Cash Balance of 119.4% during the latest trading
period. The audit report contains no adverse
comments.
Sales in the latest trading period decreased 17.5% on
the previous trading
period. Net Worth decreased by
4.4% during the latest trading
period. Pre-tax profits decreased by 64.5% compared to the previous trading period.
The company
has undergone recent changes in its directorships. The company is part of a group. The company was established over 28 years ago
Legal form
Private limited with Share Capital
Foundation
06/11/1986
Company No.
02071596
Date of Change Previous
Name
30/01/1987 TIMEOVER
LIMITED
|
Name |
Currency |
Number
of shares |
Share type |
Nominal value |
|
WOGEN GROUP LTD |
GBP |
2,000,000 |
ORDINARY |
1 |
|
Total Share Capital |
|
|
|
GBP 2,000,000 |
|
Name |
Address: |
Date of birth |
Nationality |
Appointment
date |
|
Mr Peter Howard Watkins |
Staddlestones Beacon Hill,
Penn, High Wycombe, Buckinghamshire HP10 8NJ |
21/06/1947 |
British |
21/10/2009 |
|
Mr Allan Jasper Kerr |
10 Spencer Hill, London SW19 4NY |
24/03/1951 |
British |
05/03/1992 |
|
Mr Damian Alexander Brousse |
Bridgefoot Stedham,
Midhurst, West Sussex GU29 0PT |
09/03/1967 |
British |
04/06/1997 |
|
Mr Neil Poulter |
11 Knox Close, Fleet,
Hampshire GU526TR |
12/02/1968 |
British |
27/11/2006 |
|
Ms Sarah Jennie Frigot |
26 Bodmin Street, Earlsfield, London SW18 4PT |
03/12/1976 |
British |
10/09/2008 |
|
Mr Robert Charles Wallace |
24 Prince Of Wales Drive, London SW11 4SF |
27/01/1984 |
British |
22/04/2014 |
|
Mr Nicholas James Peter
Cartwright |
65 Peel Street, Notting Hill, London W8 7PA |
14/06/1984 |
British |
11/03/2014 |
|
Name |
Address: |
Appointment date |
|
Mr Adam Charles Greenwood |
Flat 3, 87 Vincent Square, London SW1P 2PQ |
10/09/2008 |
4 The Sanctuary, Westminster, London
SW1P 3JS
Company No. Name
Status Country
Ultimate parent
06949664 SANCTUARY
PARTNERS LIMITED Active United Kingdom
Affiliated companies
00461612 WOGEN TITANIUM LIMITED Non Trading United Kingdom
Immediate parent
01069389 WOGEN GROUP LIMITED Active
United Kingdom
|
Principal
Activity |
Internationally in metals and minerals. |
|
SIC03 |
Wholesale of metals and metal ores |
|
SIC07 |
Wholesale of metals and metal
ores |
Date
of Accounts Turnover Employees
|
30/09/2011 |
GBP 257,480,504 |
30 |
|
30/09/2012 |
GBP 185,469,123 |
30 |
|
30/09/2013 |
GBP 152,949,315 |
28 |
|
Bank Name |
Bank Branch Sort Code |
|
DBS BANK LIMITED |
30-03-31 |
Auditor name
BDO LLP
Company history
|
27/04/2010 |
Annual Returns |
|
26/06/2010 |
New Accounts Filed |
|
26/06/2010 |
New Accounts Filed |
|
11/03/2011 |
Annual Returns |
|
22/03/2011 |
Mr R.J. Sabberton has left the board |
|
09/07/2011 |
New Accounts Filed |
|
14/03/2012 |
Annual Returns |
|
20/03/2012 |
Mr A.A. Williams has left the board |
|
04/07/2012 |
New Accounts Filed |
|
04/07/2012 |
New Accounts Filed |
|
26/03/2013 |
Annual Returns |
|
01/07/2013 |
New Accounts Filed |
|
27/09/2013 |
Mr D.M. Hunter has left the board |
|
02/04/2014 |
Annual Returns |
|
01/07/2014 |
New Accounts Filed |
|
01/07/2014 |
New Accounts Filed |
|
14/10/2014 |
New Board Member Mr N.J. Cartwright appointed |
|
14/10/2014 |
New Board Member Mr R.C. Wallace appointed |
|
18/11/2014 |
Mr D. De Brouwer has left the board |
|
Charge created |
05/11/1992 |
|
Charge registered |
20/11/1992 |
|
Status |
SATISFIED |
|
Entitled person |
AUSTRALIA AND NEW ZEALAND BANKING GROUP
LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
ALL BILLS
OF EXCHANGE., PROMISSORY NOTES AND NEGOTIABLE INSTRU- MENTS OF ANY DESCRIPTION, ALL BILLS OF LADING, DOCK WARRANTS, DE- LIVERY
ORDERS, WAREHOUSE WARRANTSAND RECEIPTS ETC. (SEE
FORM 395 FOR FULL
DETAILS) |
|
|
|
|
Charge created |
22/02/1994 |
|
Charge registered |
02/03/1994 |
|
Status |
SATISFIED |
|
Entitled person |
MEES PIERSON
N.V. |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
ALL GOODS
AND ALL BILLS
OF EXCHANGE PROMISSORY NOTES AND NEGO- TIABLE INSTRUMENTSOF ANY DESCRIPTION ALL BILLS OF LADING COMBINED AND OTHER
TRANSPORT DOCUMENTS DOCK WARRANTS ETC. SEE THE MORT- GAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
28/04/1994 |
|
Charge registered |
11/05/1994 |
|
Status |
SATISFIED |
|
Entitled person |
MEESPIERSON N.V. |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
THE PLEDGED DOCUMENTS (AS DEFIEND IN FORM 395) AND ALL PRODUCE
AND GOODS TO WHICH
THEY RELATE SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
23/02/1995 |
|
Charge registered |
01/03/1995 |
|
Status |
SATISFIED |
|
Entitled person |
SINGER AND FRIEDLANDER LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
ALL BILLS OF EXCHANGE, PROMISSORY NOTES, SHIPPING DOCUMENTS, DOC- UMENTS OF TITLETO MERCHANDISE AND THE MERCHANDISE REPRESENTED THEREBY AND ANY OTHER DOCUMENTS AND SECURITIES AND ANY OTHER PROPERTY
BELONGING TO THE COMPANY DEPOSITED WITH THE BANK OR ITS AGENTS
BY THE COMPANY OR BY OTHERS IN THE COMPANY§NAME OR FOR THE COMPANY§ACCOUNT
AND THE PROCEEDS THEREOF
SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
26/02/2004 |
|
Charge registered |
16/03/2004 |
|
Status |
SATISFIED |
|
Entitled person |
STANDARD CHARTERED BANK |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
ALL NEGOTIABLE INSTRUMENTS AND ALL GOODS
OR PRODUCE OR THE DOCU- MENTS OF
TITLE AND ALL POLICIES AND CERTIFICATES OF INSURANCE RELAT- ING THERETO AND THE PROCEEDS OF ALL LETTERS
OF INDEMNITY GUARAN- TEES OR OTHER ASSURANCES AGAINST FINANCIAL LOSS SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
17/03/2004 |
|
Charge registered |
23/03/2004 |
|
Status |
SATISFIED |
|
Entitled person |
ABSA BANK
LIMITED |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY TO THE
CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE |
|
Mortgage detail |
FIXED CHARGE
ALL OR ANY
GOODS FROM
TIMETO TIME
PURCHASED OR AGREED
TO BE PURCHASED BY THE COMPANY FINANCED DIRECTLY ORINDI-
RECTLY BY A UTILISATION MADE
OR TO BE MADE BY THE COMPANY FROM THE BANK, ALL OR ANY PROCEEDS OF SALE OR OTHERWISE OF THE GOODS
AND ALL RIGHTS
AND BENEFITS ARISING
THEREFROM |
|
|
|
|
Charge created |
15/10/2004 |
|
Charge registered |
22/10/2004 |
|
Status |
SATISFIED |
|
Entitled person |
FORTIS BANK S.A./N.V., LONDON BRANCH |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
THE RECEIVABLES BEING
ALL MONIES PAYABLE NOW OR IN FUTURE
IN RE- SPECT OF BUT NOTLIMITED TO GUARANTEES, INDEMNITIES, CHEQUES, BILLS OF EXCHANGE, STANDBY LETTERSOF CREDIT AND BOOK
DEBTS TOGETHER WITH ALL RIGHTS |
|
|
|
|
Charge created |
27/09/2005 |
|
Charge registered |
07/10/2005 |
|
Status |
SATISFIED |
|
Entitled person |
FORTIS BANK S.A./N.V. |
|
Mortgage detail |
FIXED AND FLOATING CHARGES OVER ALL ASSETS
PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL
BUILDINGS FIXTURES
AND FIT- TINGS,SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
07/12/2011 |
|
Charge registered |
12/12/2011 |
|
Status |
OUTSTANDING |
|
Entitled person |
BNP PARIBAS S.A. (THE
SECURITY TRUSTEE) |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE OBLIGORS
TO THE FINANCE PARTIES
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREAT- ING OR EVIDENCING THE CHARGE |
|
Mortgage detail |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UN- CALLED CAPITAL, BUILDINGS, FIXTURES, FIXED
PLANT AND MACHINERY SEE IM- AGEFOR
FULL DETAILS |
|
|
|
|
Charge created |
25/04/2013 |
|
Charge registered |
01/05/2013 |
|
Status |
OUTSTANDING |
|
Entitled person |
BNP PARIBAS COMMODITY FUTURES LIMITED; |
|
Mortgage detail |
TERMS OF BUSINESS SECURITY AGREEMENT. PLEASE REFER TO THE DEED- CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT
OF CHARGE. |
County Court Judgments
(CCJs)
There are no County
Court Judgments listed against this company
|
|
52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
30/09/2010 52 GBP Group: No |
|
Turnover |
152,949,315 |
185,469,123 |
257,480,504 |
159,578,559 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
149,300,342 |
179,629,671 |
243,968,608 |
145,109,765 |
|
Gross Profit |
3,648,973 |
5,839,452 |
13,511,896 |
14,468,794 |
|
Wages And Salaries |
0 |
0 |
0 |
0 |
|
Directors Emoluments |
0 |
0 |
0 |
0 |
|
Operating Profit |
-518,590 |
1,092,107 |
3,699,843 |
6,220,658 |
|
Depreciation |
73,324 |
77,609 |
0 |
0 |
|
Audit Fees |
39,000 |
39,810 |
43,260 |
42,000 |
|
Interests Payments |
619,565 |
592,941 |
995,970 |
672,686 |
|
Pre Tax Profit |
177,332 |
499,787 |
2,749,445 |
5,588,671 |
|
Taxation |
-60,186 |
-161,139 |
-760,873 |
-1,583,865 |
|
Profit After
Tax |
117,146 |
338,648 |
1,988,572 |
4,004,806 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
Retained Profit |
117,146 |
338,648 |
1,988,572 |
4,004,806 |
|
|
52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
30/09/2010 52 GBP Group: No |
|
Tangible Assets |
263,087 |
1,617,926 |
161,610 |
0 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
263,087 |
1,617,926 |
161,610 |
0 |
|
Stock |
24,169,287 |
30,009,921 |
28,136,819 |
40,025,298 |
|
Trade Debtors |
14,771,921 |
8,811,309 |
15,906,950 |
14,122,919 |
|
Cash |
1,076,233 |
490,602 |
1,776,924 |
186,076 |
|
Other Debtors |
4,934,182 |
3,377,745 |
1,077,083 |
3,478,491 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
44,951,623 |
42,689,577 |
46,897,776 |
57,812,784 |
|
Trade Creditors |
1,469,851 |
2,590,077 |
2,721,556 |
7,981,602 |
|
Bank Loans
and Overdraft |
22,258,173 |
13,623,978 |
11,875,722 |
21,395,166 |
|
Other Short Term Finance |
2,111,138 |
5,664,707 |
12,378,949 |
9,775,789 |
|
Miscellaneous Current
Liabilities |
256,932 |
2,439,503 |
1,345,127 |
2,072,377 |
|
Total Current Liabilities |
26,096,094 |
24,318,265 |
28,321,354 |
41,224,934 |
|
Bank Loans
and Overdrafts LTL |
22,258,173 |
13,623,978 |
11,875,722 |
21,395,166 |
|
Other Long
Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
0 |
0 |
0 |
0 |
|
|
52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
30/09/2010 52 GBP Group: No |
|
Called Up Share Capital |
2,000,000 |
2,000,000 |
2,000,000 |
2,000,000 |
|
P and L Account Reserve |
17,032,216 |
16,915,070 |
16,576,422 |
14,587,850 |
|
Revaluation Reserve |
86,400 |
1,074,168 |
161,610 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
19,118,616 |
19,989,238 |
18,738,032 |
16,587,850 |
|
|
52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
30/09/2010 52 GBP Group: No |
|
Net Worth |
19,118,616 |
19,989,238 |
18,738,032 |
16,587,850 |
|
Working Capital |
18,855,529 |
18,371,312 |
18,576,422 |
16,587,850 |
|
Total Assets |
45,214,710 |
44,307,503 |
47,059,386 |
57,812,784 |
|
Total Liabilities |
26,096,094 |
24,318,265 |
28,321,354 |
41,224,934 |
|
Net Assets |
19,118,616 |
19,989,238 |
18,738,032 |
16,587,850 |
|
|
52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
30/09/2010 52 GBP Group: No |
|
Net Cash
Flow from Operations |
0 |
0 |
0 |
0 |
|
Net Cash
Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash
Flow from Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
585,631 |
-1,286,322 |
1,590,848 |
-11,476 |
|
|
52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
30/09/2010 52 GBP Group: No |
|
Capital Employed |
19,118,616 |
19,989,238 |
18,738,032 |
16,587,850 |
|
Pre Tax Profit Margin |
0.12 % |
0.27 % |
1.07 % |
3.50 % |
|
Current Ration |
1.72 |
1.76 |
1.66 |
1.40 |
|
Sales or Net Working Capital |
8.11 |
10.10 |
13.86 |
9.62 |
|
Gearing |
116.42 % |
68.16 % |
63.38 % |
128.98 % |
|
Equity |
42.28 % |
45.11 % |
39.82 % |
28.69 % |
|
Creditor Days |
3.49 |
5.08 |
3.84 |
18.20 |
|
Debtor Days |
35.15 |
17.29 |
22.48 |
32.21 |
|
Liquidity or Acid test |
0.79 |
0.52 |
0.66 |
0.43 |
|
Return on Capital Employed |
0.92 % |
2.50 % |
14.67 % |
33.69 % |
|
Return on
Total Assets Employed |
0.39 % |
1.12 % |
5.84 % |
9.66 % |
|
Current Debt Ratio |
1.36 % |
1.21 % |
1.51 % |
2.48 % |
Name 30/09/2013 30/09/2012 30/09/2011
30/09/2010
|
Total Debt Ratio |
1.36 % |
1.21 % |
1.51 % |
2.48 % |
|
Stock Turnover Ratio |
15.80 % |
16.18 % |
10.92 % |
25.08 % |
|
Return on Net Assets
Employed |
0.92 % |
2.50 % |
14.67 % |
33.69 % |
Achieving good levels of turnover and profitability. The general
financial position appears to be in order and good reserves have
been built up. Company is part of group whose turnover for 2013 amounted
to GBP 209,866,000 and have 62 employees. Remains
to be seen how the company performed during 2013/14 trading period.
Next accounts due to be filled by 30/06/2015
Activity: metal trading company with a strong China focus, Wogen has
grown into suppliers of high-value raw materials to the non-ferrous industry
worldwide; be it for steel applications, aerospace, electronics, foundries,
pigments or the alloying industry.
Trading Address: 4 The Sanctuary, Westminster, London, SW1P 3JS
Branches: None
Employees: 28
Bank: DBS Bank Ltd
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
|
1 |
Rs.96.72 |
|
Euro |
1 |
Rs.75.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.