MIRA INFORM REPORT
|
Report No. : |
310026 |
|
Report Date : |
02.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
CRESSALL RESISTORS LIMITED |
|
|
|
|
Formerly Known As : |
STANDARD CRESSALL LIMITED |
|
|
|
|
Registered Office : |
Evington Valley Roadleicesterle5 5lz |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
06.11.1972 |
|
|
|
|
Com. Reg. No.: |
01080251 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
97 |
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 (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
Company Summary
|
Registered Address |
EVINGTON VALLEY ROAD |
Trading Address |
Peacock Way Melton
Constable Norfolk NR24 2BZ |
|
Website Address |
http://www.cressall.com |
|
|
|
Telephone Number |
01162733633 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
06/11/1972 |
|
|
|
Previous Name |
STANDARD CRESSALL LIMITED |
Type |
Private limited with
Share Capital |
|
FTSE Index |
-- |
Date of Change |
29/06/1999 |
|
Filing Date of Accounts |
26/07/2014 |
Currency |
GBP |
|
Share Capital |
£1,000,000 |
SIC07 |
27120 |
|
Charity Number |
-- |
|
|
|
SIC07 Description |
MANUFACTURE OF
ELECTRICITY DISTRIBUTION AND CONTROL APPARATUS |
||
|
Principal Activity |
The design, manufacture
and sale of high power electrical resistors. |
||
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/12/2013 |
£11,885,856 |
£1,406,490 |
£5,059,641 |
97 |
|
31/12/2012 |
£12,671,129 |
£12,671,129 |
£12,671,129 |
106 |
|
31/12/2011 |
£10,830,969 |
£1,687,959 |
£4,498,555 |
92 |
Commentary
|
This company has been treated as a Medium
company |
|
This company's ratio of total liabilities to
total assets indicates the presence of strong equity funding. |
|
This company's return on total assets
employed ratio indicates a highly efficient use of assets. |
|
This company has only made late payments on
a low percentage of invoices. |
|
The company has more cash than short term
bank borrowings. |
|
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 |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
18 |
Current Directors
|
Name |
David Robert Atkins |
Date of Birth |
24/12/1962 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
07/07/2006 |
||
|
Address |
15 Fern Close, Dereham, Norfolk, NR20 3TZ |
||
|
Name |
Martin Christopher Nicholls |
Date of Birth |
28/08/1964 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
15/05/2002 |
||
|
Address |
107 Royal Hill Road, Derby, Derbyshire,
DE21 7AG |
||
|
Name |
Michele Fornari |
Date of Birth |
22/06/1953 |
|
Officers Title |
Ms |
Nationality |
Italian |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/05/2008 |
||
|
Address |
Corso Genova 29, Milan, 20123 |
||
Current Company Secretary
|
Name |
David Robert Atkins |
Date of Birth |
- |
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
01/08/2010 |
||
|
Address |
15 Fern Close, Dereham, Norfolk, NR20 3TZ |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
TPR LTD |
GBP |
1,000,000 |
ORDINARY |
1 |
100 |
Profit & Loss
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£11,885,856 |
-6.2% |
£12,671,129 |
17% |
£10,830,969 |
15.7% |
£9,357,595 |
12.5% |
£8,319,916 |
|
|
Export |
£6,805,224 |
20% |
£5,672,058 |
-2% |
£5,788,349 |
- |
- |
- |
- |
|
|
Cost of Sales |
£8,564,454 |
-10.4% |
£9,559,179 |
29.7% |
£7,367,462 |
- |
- |
- |
- |
|
|
Gross Profit |
£3,321,402 |
6.7% |
£3,111,950 |
-10.2% |
£3,463,507 |
- |
- |
- |
- |
|
|
Wages & Salaries |
£1,956,994 |
2.6% |
£1,907,444 |
19.6% |
£1,594,666 |
9% |
£1,462,859 |
-2.9% |
£1,506,724 |
|
|
Directors Emoluments |
£323,520 |
3.7% |
£312,067 |
-9.8% |
£345,994 |
22.6% |
£282,163 |
-33.9% |
£426,870 |
|
|
Operating Profit |
£1,589,571 |
11.4% |
£1,426,444 |
-28.1% |
£1,984,419 |
24.2% |
£1,597,845 |
38.1% |
£1,156,678 |
|
|
Depreciation |
£111,759 |
4.2% |
£107,216 |
-1.8% |
£109,148 |
16.3% |
£93,837 |
0.8% |
£93,118 |
|
|
Audit Fees |
£16,500 |
16.3% |
£14,185 |
15.3% |
£12,300 |
12.8% |
£10,900 |
9% |
£10,000 |
|
|
Interest Payments |
- |
- |
- |
- |
- |
-100% |
£829 |
-64.1% |
£2,311 |
|
|
Pre Tax Profit |
£1,406,490 |
19.3% |
£1,178,545 |
-30.2% |
£1,687,959 |
19.7% |
£1,409,913 |
21.9% |
£1,156,148 |
|
|
Taxation |
-£30,279 |
-578.3% |
£6,330 |
-77.7% |
£28,370 |
146% |
-£61,686 |
81.9% |
-£340,294 |
|
|
Profit After Tax |
£1,376,211 |
16.1% |
£1,184,875 |
-31% |
£1,716,329 |
27.3% |
£1,348,227 |
65.3% |
£815,854 |
|
|
Dividends Payable |
£600,000 |
-57.1% |
£1,400,000 |
40% |
£1,000,000 |
400% |
£200,000 |
-75% |
£800,000 |
|
|
Retained Profit |
£776,211 |
460.8% |
-£215,125 |
-130% |
£716,329 |
-37.6% |
£1,148,227 |
999.9% |
£15,854 |
Balance Sheet
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Tangible Assets |
£590,827 |
3.7% |
£569,513 |
11.6% |
£510,247 |
2.5% |
£497,922 |
15.8% |
£430,109 |
|
|
Intangible Assets |
£430,216 |
-13.2% |
£495,539 |
-11.6% |
£560,862 |
-10.4% |
£626,185 |
-9.4% |
£691,508 |
|
|
Total Fixed Assets |
£1,021,043 |
-4.1% |
£1,065,052 |
-0.6% |
£1,071,109 |
-4.7% |
£1,124,107 |
0.2% |
£1,121,617 |
|
|
Stock |
£1,195,037 |
-6.3% |
£1,275,813 |
-0.6% |
£1,283,949 |
47.1% |
£873,044 |
49.3% |
£584,933 |
|
|
Trade Debtors |
£2,591,332 |
4.2% |
£2,487,904 |
-32.8% |
£3,701,792 |
155.2% |
£1,450,435 |
-18.1% |
£1,771,162 |
|
|
Cash |
£1,425,091 |
4.9% |
£1,358,095 |
1.8% |
£1,333,544 |
-17.5% |
£1,616,718 |
267.5% |
£439,866 |
|
|
Other Debtors |
£555,317 |
56.7% |
£354,336 |
44.4% |
£245,396 |
-44.1% |
£438,837 |
487% |
£74,756 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£5,766,777 |
5.3% |
£5,476,148 |
-16.6% |
£6,564,681 |
49.9% |
£4,379,034 |
52.5% |
£2,870,717 |
|
|
Trade Creditors |
£1,063,142 |
-21.1% |
£1,348,152 |
-20.1% |
£1,687,654 |
75.1% |
£964,004 |
110.1% |
£458,927 |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
£68,269 |
-60.3% |
£172,122 |
- |
0 |
- |
0 |
-100% |
£1,000 |
|
|
Miscellaneous Current Liabilities |
£573,299 |
-21.2% |
£727,876 |
-49.2% |
£1,433,631 |
103.2% |
£705,480 |
51.2% |
£466,438 |
|
|
Total Current Liabilities |
£1,704,710 |
-24.2% |
£2,248,150 |
-28% |
£3,121,285 |
87% |
£1,669,484 |
80.2% |
£926,365 |
|
|
Bank Loans & Overdrafts and LTL |
£23,469 |
144% |
£9,620 |
-39.7% |
£15,950 |
-69% |
£51,431 |
60.9% |
£31,970 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£23,469 |
144% |
£9,620 |
-39.7% |
£15,950 |
-69% |
£51,431 |
60.9% |
£31,970 |
Capital & Reserves
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Called Up Share Capital |
£1,000,000 |
- |
£1,000,000 |
- |
£1,000,000 |
- |
£1,000,000 |
- |
£1,000,000 |
|
|
P & L Account Reserve |
£4,059,641 |
23.6% |
£3,283,430 |
-6.1% |
£3,498,555 |
25.7% |
£2,782,226 |
36.8% |
£2,033,999 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£5,059,641 |
18.1% |
£4,283,430 |
-4.8% |
£4,498,555 |
18.9% |
£3,782,226 |
24.7% |
£3,033,999 |
Other Financial Items
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Net Worth |
£4,629,425 |
22.2% |
£3,787,891 |
-3.8% |
£3,937,693 |
24.8% |
£3,156,041 |
34.7% |
£2,342,491 |
|
|
Working Capital |
£4,062,067 |
25.8% |
£3,227,998 |
-6.3% |
£3,443,396 |
27.1% |
£2,709,550 |
39.4% |
£1,944,352 |
|
|
Total Assets |
£6,787,820 |
3.8% |
£6,541,200 |
-14.3% |
£7,635,790 |
38.8% |
£5,503,141 |
37.8% |
£3,992,334 |
|
|
Total Liabilities |
£1,728,179 |
-23.5% |
£2,257,770 |
-28% |
£3,137,235 |
82.3% |
£1,720,915 |
79.6% |
£958,335 |
|
|
Net Assets |
£5,059,641 |
18.1% |
£4,283,430 |
-4.8% |
£4,498,555 |
18.9% |
£3,782,226 |
24.7% |
£3,033,999 |
Cash Flow
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
£2,031,563 |
160% |
£781,476 |
|
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
-100% |
£1,177,852 |
315.4% |
-£546,730 |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
-£1,000 |
90.6% |
-£10,685 |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
£1,176,852 |
311.1% |
-£557,415 |
Miscellaneous
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£5,083,110 |
18.4% |
£4,293,050 |
-4.9% |
£4,514,505 |
17.8% |
£3,833,657 |
25% |
£3,065,969 |
|
|
Number of Employees |
97 |
-8.5% |
106 |
15.2% |
92 |
7% |
86 |
10.3% |
78 |
|
Auditors |
STREETS AUDIT LLP |
|
|
Auditor Comments |
The audit report contains no adverse
comments |
|
|
Bankers |
NATIONAL WESTMINSTER BANK PLC |
|
|
Bank Branch Code |
56-00-55 |
Ratios
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
|
|
Pre-tax profit margin % |
11.83 |
9.30 |
15.58 |
15.07 |
13.90 |
|
|
Current ratio |
3.38 |
2.44 |
2.10 |
2.62 |
3.10 |
|
|
Sales/Net Working Capital |
2.93 |
3.93 |
3.15 |
3.45 |
4.28 |
|
|
Gearing % |
0.50 |
0.20 |
0.40 |
1.40 |
1.10 |
|
|
Equity in % |
79.60 |
70.90 |
63.60 |
77.60 |
91.90 |
|
|
Creditor Days |
32.55 |
38.72 |
56.71 |
37.49 |
20.07 |
|
|
Debtor Days |
79.35 |
71.46 |
124.40 |
56.42 |
77.48 |
|
|
Liquidity/Acid Test |
2.68 |
1.86 |
1.69 |
2.10 |
2.46 |
|
|
Return On Capital Employed % |
27.66 |
27.45 |
37.38 |
36.77 |
37.70 |
|
|
Return On Total Assets Employed % |
20.72 |
18.01 |
22.10 |
25.62 |
28.95 |
|
|
Current Debt Ratio |
0.33 |
0.52 |
0.69 |
0.44 |
0.30 |
|
|
Total Debt Ratio |
0.34 |
0.52 |
0.69 |
0.45 |
0.31 |
|
|
Stock Turnover Ratio % |
10.05 |
10.06 |
11.85 |
9.32 |
7.03 |
|
|
Return on Net Assets Employed % |
27.79 |
27.51 |
37.52 |
37.27 |
38.10 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
07/01/2015 |
C.T. Wilkinson has left the board |
|
13/08/2014 |
Annual Returns |
|
09/08/2014 |
New Accounts Filed |
|
09/08/2014 |
New Accounts Filed |
|
16/08/2013 |
Annual Returns |
|
01/07/2013 |
New Accounts Filed |
|
01/07/2013 |
New Accounts Filed |
|
22/08/2012 |
New Accounts Filed |
|
22/08/2012 |
New Accounts Filed |
|
10/08/2012 |
Annual Returns |
|
07/05/2012 |
Mr P.J. Duncan has left the board |
|
09/08/2011 |
Annual Returns |
|
28/05/2011 |
New Accounts Filed |
|
28/05/2011 |
New Accounts Filed |
|
18/03/2011 |
New Board Member C.T. Wilkinson appointed |
Previous Company Names
|
Date |
Previous Name |
|
29/06/1999 |
STANDARD CRESSALL LIMITED |
|
30/03/1994 |
STANDARD MACHINERY LIMITED |
|
16/11/1983 |
HANOVIA GROUP LIMITED(THE) |
Writ Details
|
No writs found |
Statistics
|
Group |
2 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
T.P.R. LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
T.P.R. LIMITED |
Group structure Full
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
02731823 |
31.12.2013 |
Y |
£11,885,856 |
|
|
01080251 |
31.12.2013 |
N |
£11,885,856 |
Mortgage Details
|
Mortgage Type: |
CHARGE OF DEPOSIT |
|
|
|
Date Charge Created: |
24/07/12 |
||
|
Date Charge Registered: |
26/07/12 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
|
|
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
|
|
Details: |
THE DEPOSIT OF £235,710 AND ALL AMOUNTSIN THE
FUTURE CREDITED TO ACCOUNT NUMBER 47290293 WITH THE BANK |
|
|
|
Mortgage Type: |
DEBENTURE |
|
|
|
Date Charge Created: |
18/02/06 |
||
|
Date Charge Registered: |
11/03/06 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK 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 |
|
Cy Thomas Wilkinson |
1 |
1 |
|
John Filmer Kidston |
0 |
13 |
|
Denis Gerard Cummins |
5 |
7 |
|
Denis Gerard Cummins |
5 |
7 |
|
Anthony John Law |
1 |
5 |
|
Brian John Sperryn |
0 |
8 |
|
Gavin Neil Surtees Turner |
0 |
10 |
|
Michael John Greasley |
0 |
1 |
|
Colin Peter Binch |
0 |
2 |
|
Aidan Stringfellow |
0 |
3 |
|
John Stanley Campbell |
1 |
2 |
|
Peter John Duncan |
4 |
1 |
|
Harry John Karmazyn |
0 |
1 |
|
William Alan Wetherall |
1 |
1 |
|
David James Boughey |
2 |
15 |
|
David James Boughey |
2 |
15 |
|
Alwyn John Everitt |
0 |
1 |
|
Sarah Martin-Smith |
0 |
1 |
|
Average Invoice Value |
£349.95 |
|
|
Invoices available |
84 |
|
|
Paid |
79 |
|
|
Outstanding |
5 |
|
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 |
47 |
24 |
2 |
4 |
2 |
|
Outstanding |
5 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.69.28 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.