MIRA INFORM REPORT

 

 

Report No. :

328062

Report Date :

22.06.2015

 

IDENTIFICATION DETAILS

 

Name :

MOLECULAR PRODUCTS LIMITED

 

 

Formerly Known As :

MOLECULAR PROPERTIES LIMITED

 

 

Registered Office :

Parkway Harlow Business Parkharlowessexcm19 5fr

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

02.06.1992

 

 

Com. Reg. No.:

02721125

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Research and development, manufacture and sales in the field of chemical technology for the treatment of gases.

 

 

No. of Employee :

83

 

 

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 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. 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 5.8% in 2013. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

 

Source : CIA

 

 

Company name and address

 

MOLECULAR PRODUCTS LIMITED

 

Company No

02721125

 

Registered Address

PARKWAY HARLOW BUSINESS PARKHARLOWESSEXCM19 5FR

 

 

Company summary

 

Registered Address

PARKWAY HARLOW BUSINESS PARK HARLOW ESSEX CM19 5FR

Trading Address

East Point Parkway Harlow Business Park Harlow, Essex CM19 5FR

Website Address

http://www.molecularproducts.co.uk

 

 

Telephone Number

01371830676

Fax Number

 

TPS

No

FPS

No

Incorporation Date

02/06/1992

 

 

Previous Name

MOLECULAR PROPERTIES LIMITED

Type

Private limited with Share Capital

FTSE Index

--

Date of Change

14/07/1997

Filing Date of Accounts

05/08/2014

Currency

GBP

Share Capital

£836,051

SIC07

20590

Charity Number

--

 

 

SIC07 Description

MANUFACTURE OF OTHER CHEMICAL PRODUCTS N.E.C.

Principal Activity

Research and development, manufacture and sales in the field of chemical technology for the treatment of gases.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/03/2014

£10,836,556

£257,458

£6,341,620

83

31/03/2013

£12,232,330

-£290,902

£6,107,721

85

31/03/2012

£18,060,684

£1,721,072

£6,180,557

106

 

 

Mortgage Summary

 

Total Mortgage             9

Outstanding                             4

Satisfied                                   5

 

 

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 Medium company in respect of the rating/limit generated.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company has made late payments on a medium percentage of invoices.

This company's bank loans and overdrafts (less cash) account for a moderate percentage of short term liabilities.

This company trades in an industry with a lower 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

5

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

22

 

 

Current Directors

 

Name

Ian William McKernan

Date of Birth

28/04/1959

Officers Title

Mr

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

27/09/1993

Address

Bannold 24 Borough Lane, Saffron Walden, Essex, CB11 4AG

 

Name

Andrew Clark McKernan

Date of Birth

07/03/1963

Officers Title

Mr

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

27/09/1993

Address

Old Barn Park Farm, Park Street, Thaxted, Essex, CM6 2ND

 

Name

Christopher David Laws

Date of Birth

23/10/1961

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/11/2013

Address

Parkway Harlow Business Park, Harlow, Essex, CM19 5FR

 

Name

Sean Beaumont

Date of Birth

19/07/1971

Officers Title

Dr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/01/2015

Address

Parkway Harlow Business Park, Harlow, Essex, CM19 5FR

 

Name

Lee James Cawthorne

Date of Birth

29/11/1973

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/01/2015

Address

Parkway Harlow Business Park, Harlow, Essex, CM19 5FR

 

 

Current Company Secretary

 

Name

Christopher David Laws

Date of Birth

-

Officers Title

Mr

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

03/03/2013

Address

Parkway Harlow Business Park, Harlow, Essex, CM19 5FR

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MOLECULAR PRODUCTS GROUP PLC

GBP

836,051

ORDINARY

1

100

 

 

Profit & Loss

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£10,836,556

-11.4%

£12,232,330

-32.3%

£18,060,684

27.3%

£14,189,424

15.7%

£12,259,174

Export

£9,102,762

-4.3%

£9,516,175

-26.2%

£12,888,024

16.5%

£11,058,547

-8.3%

£12,062,153

Cost of Sales

£7,628,453

-15.2%

£8,994,146

-23.6%

£11,777,504

28.7%

£9,148,957

14.5%

£7,993,752

Gross Profit

£3,208,103

-0.9%

£3,238,184

-48.5%

£6,283,180

24.7%

£5,040,467

18.2%

£4,265,422

Wages & Salaries

£3,478,253

0.7%

£3,455,328

-16%

£4,112,699

17.6%

£3,497,170

-0.5%

£3,514,497

Directors Emoluments

£776,622

110.4%

£369,135

-22.4%

£475,837

18.9%

£400,318

-15.6%

£474,055

Operating Profit

£434,418

497.5%

-£109,298

-106.3%

£1,742,878

51.2%

£1,152,584

42.9%

£806,345

Depreciation

£760,456

7.2%

£709,546

30.6%

£543,332

69.5%

£320,583

91.5%

£167,411

Audit Fees

£31,500

32.4%

£23,796

-4.8%

£25,000

-

£25,000

-

£25,000

Interest Payments

£208,342

-1.2%

£210,926

296.4%

£53,214

-30%

£76,001

235.2%

£22,671

Pre Tax Profit

£257,458

188.5%

-£290,902

-116.9%

£1,721,072

55.1%

£1,109,425

35.3%

£820,055

Taxation

-£23,559

-110.8%

£218,066

253.6%

-£141,967

-122.1%

-£63,908

17.4%

-£77,349

Profit After Tax

£233,899

421.1%

-£72,836

-104.6%

£1,579,105

51%

£1,045,517

40.8%

£742,706

Dividends Payable

-

-

-

-100%

£600,000

20%

£500,000

-

£500,000

Retained Profit

£233,899

421.1%

-£72,836

-107.4%

£979,105

79.5%

£545,517

124.8%

£242,706

 

 

Balance Sheet

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Tangible Assets

£4,222,734

-8.8%

£4,632,061

30.7%

£3,545,259

4.4%

£3,396,780

36.2%

£2,493,798

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£4,222,734

-8.8%

£4,632,061

30.7%

£3,545,259

4.4%

£3,396,780

36.2%

£2,493,798

Stock

£1,132,987

-10.2%

£1,262,152

-24.8%

£1,678,790

-3.3%

£1,736,248

54.9%

£1,120,631

Trade Debtors

£1,690,137

-14.5%

£1,977,653

-23.6%

£2,590,020

-24.2%

£3,415,843

59.6%

£2,140,212

Cash

£1,351,602

120.7%

£612,512

82.5%

£335,670

228.2%

£102,270

281.5%

£26,808

Other Debtors

£9,617,055

-5.4%

£10,170,317

17.2%

£8,678,705

43.9%

£6,029,454

23.7%

£4,876,137

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£13,791,781

-1.6%

£14,022,634

5.6%

£13,283,185

17.7%

£11,283,815

38.2%

£8,163,788

Trade Creditors

£979,022

-20.9%

£1,237,309

-22.7%

£1,600,433

-25.6%

£2,150,698

-8.6%

£2,352,516

Bank Loans & Overdrafts

£3,275,560

2.3%

£3,202,680

27.7%

£2,507,307

42%

£1,765,823

143%

£726,549

Other Short Term Finance

£4,951,712

-3.6%

£5,134,896

24%

£4,139,450

52.4%

£2,716,872

71.8%

£1,581,715

Miscellaneous Current Liabilities

£446,160

-51.4%

£917,845

-18.8%

£1,130,892

-16.4%

£1,353,237

125.2%

£601,022

Total Current Liabilities

£9,652,454

-8%

£10,492,730

11.9%

£9,378,082

17.4%

£7,986,630

51.8%

£5,261,802

Bank Loans & Overdrafts and LTL

£5,296,001

0.7%

£5,256,924

39.2%

£3,777,112

15.9%

£3,258,336

122.2%

£1,466,398

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£2,020,441

-1.6%

£2,054,244

61.8%

£1,269,805

-14.9%

£1,492,513

101.7%

£739,849

 

Capital & Reserves

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Called Up Share Capital

£836,051

-

£836,051

-

£836,051

-

£836,051

-

£836,051

P & L Account Reserve

£5,475,839

4.5%

£5,241,940

-1.4%

£5,314,776

22.6%

£4,335,671

14.4%

£3,790,154

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£29,730

-

£29,730

-

£29,730

-

£29,730

-

£29,730

Shareholder Funds

£6,341,620

3.8%

£6,107,721

-1.2%

£6,180,557

18.8%

£5,201,452

11.7%

£4,655,935

 

 

Other Financial Items

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Worth

£6,341,620

3.8%

£6,107,721

-1.2%

£6,180,557

18.8%

£5,201,452

11.7%

£4,655,935

Working Capital

£4,139,327

17.3%

£3,529,904

-9.6%

£3,905,103

18.4%

£3,297,185

13.6%

£2,901,986

Total Assets

£18,014,515

-3.4%

£18,654,695

10.9%

£16,828,444

14.6%

£14,680,595

37.7%

£10,657,586

Total Liabilities

£11,672,895

-7%

£12,546,974

17.8%

£10,647,887

12.3%

£9,479,143

57.9%

£6,001,651

Net Assets

£6,341,620

3.8%

£6,107,721

-1.2%

£6,180,557

18.8%

£5,201,452

11.7%

£4,655,935

 

 

Cash Flow

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

YES

Capital Employed

£8,362,061

2.5%

£8,161,965

9.6%

£7,450,362

11.3%

£6,693,965

24.1%

£5,395,784

Number of Employees

83

-2.4%

85

-19.8%

106

5%

101

14.8%

88

 

 

Auditors

GRANT THORNTON UK LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

LLOYDS TSB BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/03/14

31/03/13

31/03/12

31/03/11

31/03/10

Pre-tax profit margin %

2.38

-2.38

9.53

7.82

6.69

Current ratio

1.43

1.34

1.42

1.41

1.55

Sales/Net Working Capital

2.62

3.47

4.62

4.30

4.22

Gearing %

83.50

86.10

61.10

62.60

31.50

Equity in %

35.20

32.70

36.70

35.40

43.70

Creditor Days

32.88

36.81

32.25

55.17

69.85

Debtor Days

56.77

58.84

52.19

87.62

63.54

Liquidity/Acid Test

1.31

1.21

1.23

1.19

1.33

Return On Capital Employed %

3.07

-3.56

23.10

16.57

15.19

Return On Total Assets Employed %

1.42

-1.55

10.22

7.55

7.69

Current Debt Ratio

1.52

1.71

1.51

1.53

1.13

Total Debt Ratio

1.84

2.05

1.72

1.82

1.28

Stock Turnover Ratio %

10.45

10.31

9.29

12.23

9.14

Return on Net Assets Employed %

4.05

-4.76

27.84

21.32

17.61

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

09/01/2015

New Board Member Mr L.J. Cawthorne appointed

09/01/2015

New Board Member Dr S. Beaumont appointed

18/08/2014

New Accounts Filed

18/08/2014

New Accounts Filed

13/06/2014

Annual Returns

06/06/2014

Dr A. Humphreys has left the board

08/11/2013

New Board Member Mr C.D. Laws appointed

26/07/2013

New Accounts Filed

26/07/2013

New Accounts Filed

19/06/2013

Annual Returns

26/03/2013

Mr R.J. Ignatius has resigned as company secretary

26/03/2013

Mr R.J. Ignatius has left the board

26/03/2013

New Company Secretary Mr C.D. Laws appointed

03/10/2012

New Accounts Filed

03/10/2012                                New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

14/07/1997

MOLECULAR PROPERTIES LIMITED

19/09/1996

MOLECULAR SENSORS LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

5 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

MOLECULAR PRODUCTS GROUP LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

MOLECULAR PRODUCTS GROUP LIMITED

 

 

Group StructureFull

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

tminus MOLECULAR PRODUCTS GROUP...

01985784

31.03.2014

Y

£18,298,402

T STAY FRESH LIMITED

02959503

31.03.2014

N

T MOLECULAR OXYGEN LIMITED

04056957

31.03.2014

N

T MOLECULAR PROPERTIES L...

01065581

31.03.2014

N

£37,920

L MOLECULAR PRODUCTS LIM...

02721125

31.03.2014

N

£10,836,556

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

29/04/15

Date Charge Registered:

29/04/15

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

A GENERAL PLEDGECONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:

Date Charge Created:

27/11/13

Date Charge Registered:

27/11/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LIMITED;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

Date Charge Created:

27/11/13

Date Charge Registered:

27/11/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LIMITED;

Amount Secured:

Details:

CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKINGOF THE COMPANY.NOTIFICATION OF ADDITIONTO OR AMENDMENT OF CHARGE.

Mortgage Type:

Date Charge Created:

25/10/13

Date Charge Registered:

29/10/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

ALL ASSETS DEBENTURE

Date Charge Created:

30/06/11

Date Charge Registered:

02/07/11

Date Charge Satisfied:

04/06/14

Status:

SATISFIED

Person(s) Entitled:

RBS INVOICE FINANCE LIMITED;

Amount Secured:

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY

Mortgage Type:

CHARGE OF DEPOSIT

Date Charge Created:

22/02/11

Date Charge Registered:

26/02/11

Date Charge Satisfied:

04/06/14

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

ALL AMOUNTS NOW AND IN THE FUTURE CREDITED TO ACCOUNT NUMBER 140/01/19510705 WITH THE BANK

 

Mortgage Type:

DEBENTURE

Date Charge Created:

01/09/09

Date Charge Registered:

04/09/09

Date Charge Satisfied:

04/06/14

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERY

Mortgage Type:

DEBENTURE

Date Charge Created:

27/11/00

Date Charge Registered:

07/12/00

Date Charge Satisfied:

23/08/10

Status:

SATISFIED

Person(s) Entitled:

LLOYDS TSB 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:

DEBENTURE

Date Charge Created:

07/05/99

Date Charge Registered:

13/05/99

Date Charge Satisfied:

21/09/02

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

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

David Peter Baines

4

4

Peter Jay

0

1

Andrew Clark McKernan

7

6

Roger Harrop

3

30

John Anthony Artus

2

1

Eva Louise Agnew

0

1

RB DIRECTORS TWO LIMITED

33

309

RB DIRECTORS ONE LIMITED

52

450

RB SECRETARIAT LIMITED

170

473

William Mitchell McKernan

0

4

John Addison

0

2

Graham Thomas Crickmore

0

3

James David Beard

0

9

James David Beard

0

9

Michael Mahon

0

2

Jerome Stewart Walls

0

9

Jerome Stewart Walls

0

9

Rishanthan Jude Ignatius

2

20

Rishanthan Jude Ignatius

2

20

Kenneth Lawrie Williamson

0

1

Patrick Nigel Sparkes

2

8

Amanda Jane Humphreys

1

1

Average Invoice Value

Ł903.06

Invoices available

183

Paid

165

Outstanding

18

 

 

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

74

61

26

2

2

Outstanding

11

7

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.82

UK Pound

1

Rs.101.26

Euro

1

Rs.72.36

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

 

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.