MIRA INFORM REPORT

 

 

Report No. :

318013

Report Date :

04.05.2015

 

IDENTIFICATION DETAILS

 

Name :

EUROPROCESSING LIMITED

 

 

Registered Office :

Europrocessing Ltd, Govan Road, Fenton Industrial Estate, Stoke On Trent ST4 2RS

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.08.2013

 

 

Date of Incorporation :

06.09.2000

 

 

Com. Reg. No.:

04066397

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Other service activities n.e.c.

 

(Note: We tried to confirm obtain the details activity but the same is not available from any source.)

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Maximum Credit Limits :

£2,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

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. 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

 

Company Name:           EUROPROCESSING LIMITED

Company No:                04066397

Company Status:          Active - Accounts Filed

Credit Limits:                 £2,000

Registered Address:      EURORPROCESSING LTD GOVAN ROAD, FENTON INDUSTRIAL ESTATE,

                                    STOKE ON TRENT ST4 2RS

 

 

Company Summary

 

Registered Address       EUROPROCESSING LTD, GOVAN ROAD, FENTON INDUSTRIAL ESTATE, STOKE ON TRENT ST4 2RS

Trading Address            Europrocessing Ltd, Govan Road, Fenton Industrial Estate, Stoke-On-Trent, Staffordshire            ST4 2RS

Website Address           http://www.eurovent.com   

Telephone Number        01782744242

Fax Number                  --

TPS                              No

FPS                              No

Incorporation Date         06/09/2000

Previous Name              --         

Type                             Private limited with Share Capital

FTSE Index                   -

Date of Change             -

Filing Date of Accounts             02/05/2014

Currency                       GBP

Share Capital                £100

SIC07                           96090

Charity Number             -

SIC07 Description         OTHER SERVICE ACTIVITIES N.E.C.

Principal Activity           -

 

 

Key FINANCIALS

 

Year to Date                 Turnover           Pre Tax Profit                Shareholder                  Funds Employees

31/08/2013                    -                       -                                   £13,420                         -

31/08/2012                    -                       -                                   £27,518                         -

31/08/2011                    -                       -                                   £37,728                         -

 

 

Mortgage Summary

 

Total Mortgage              1

Outstanding                  1

Satisfied                       0

 

 

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 Small company in respect of the rating/limit generated.

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

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

This company trades in an industry with a moderate 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 -

-

 

 

Current Directors

 

Current Directors

Name

Paul Maxfield

Date of Birth

29/01/1957

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

06/09/2000

Address

Pyebirch Cottage Pyebirch Lane, Eccleshall, Staffordshire, ST21 6JG

 

Name

Sharon Martin

Date of Birth

16/03/1960

Officers Title

Mrs

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

16/08/2005

Address

Pyebirch Cottage Pyebirch Lane, Eccleshall, Staffordshire, ST21 6JG

 

 

Current Company Secretary

 

Name

Paul Maxfield

Date of Birth

29/01/1957

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

16/08/2005

Address

Pyebirch Cottage Pyebirch Lane, Eccleshall, Staffordshire, ST21 6JG

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

SHARON MARTIN

GBP

50

ORDINARY

1

50

PAUL MAXFIELD

GBP

50

ORDINARY

1

50

 

 

Profit & Loss

 

Date Of Accounts

31/08/13

(%)

31/08/12

(%)

31/08/11

(%)

31/08/10

(%)

31/08/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Turnover

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Export

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Cost of Sales

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Gross Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Wages & Salaries

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Directors Emoluments

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Operating Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Depreciation

£3,861

-12.5%

£4,414

-14.3%

£5,148

-4.9%

£5,411

-16.9%

£6,512

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Audit Fees

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Interest Payments

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Taxation

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Profit After Tax

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/08/13

(%)

31/08/12

(%)

31/08/11

(%)

31/08/10

(%)

31/08/09

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Tangible Assets

£20,167

-11.9%

£22,879

-13.7%

£26,506

-3%

£27,318

-16.5%

£32,729

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Intangible Assets

0

-

0

-

0

-

0

-

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Total Fixed Assets

£20,167

-11.9%

£22,879

-13.7%

£26,506

-3%

£27,318

-16.5%

£32,729

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Stock

£2,500

-

£2,500

13.6%

£2,200

-3.7%

£2,285

-0.7%

£2,300

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Trade Debtors

£2,832

-75.6%

£11,586

-51.1%

£23,702

233.4%

£7,110

-38%

£11,470

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Cash

£86,401

52.9%

£56,523

12.3%

£50,330

-47.3%

£95,427

-8.4%

£104,154

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Other Debtors

0

-

0

-

0

-

0

-

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Total Current Assets

£91,733

29.9%

£70,609

-7.4%

£76,232

-27.3%

£104,822

-11.1%

£117,924

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Trade Creditors

£98,480

49.3%

£65,970

1.5%

£65,010

74.5%

£37,264

-7.6%

£40,328

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Total Current Liabilities

£98,480

49.3%

£65,970

1.5%

£65,010

74.5%

£37,264

-7.6%

£40,328

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

31/08/13

(%)

31/08/12

(%)

31/08/11

(%)

31/08/10

(%)

31/08/09

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

P & L Account Reserve

£13,320

-51.4%

£27,418

-27.1%

£37,628

-60.3%

£94,776

-14%

£110,225

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Shareholder Funds

£13,420

-51.2%

£27,518

-27.1%

£37,728

-60.2%

£94,876

-14%

£110,325

 

 

Other Financial Items

 

Date Of Accounts

31/08/13

(%)

31/08/12

(%)

31/08/11

(%)

31/08/10

(%)

31/08/09

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Net Worth

£13,420

-51.2%

£27,518

-27.1%

£37,728

-60.2%

£94,876

-14%

£110,325

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Working Capital

-£6,747

-245.4%

£4,639

-58.7%

£11,222

-83.4%

£67,558

-12.9%

£77,596

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Total Assets

£111,900

19.7%

£93,488

-9%

£102,738

-22.3%

£132,140

-12.3%

£150,653

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Total Liabilities

£98,480

49.3%

£65,970

1.5%

£65,010

74.5%

£37,264

-7.6%

£40,328

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Net Assets

£13,420

-51.2%

£27,518

-27.1%

£37,728

-60.2%

£94,876

-14%

£110,325

 

 

Cash Flow

 

Date Of Accounts

31/08/13

(%)

31/08/12

(%)

31/08/11

(%)

31/08/10

(%)

31/08/09

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/08/13

(%)

31/08/12

(%)

31/08/11

(%)

31/08/10

(%)

31/08/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Capital Employed

£13,420

-51.2%

£27,518

-27.1%

£37,728

-60.2%

£94,876

-14%

£110,325

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/08/13

31/08/12

31/08/11

31/08/10

31/08/09

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Pre-tax profit margin %

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Current ratio

0.93

1.07

1.17

2.81

2.92

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Sales/Net Working Capital

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Gearing %

0

0

0

0

0

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Equity in %

12

29.40

36.70

71.80

73.20

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Creditor Days

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Debtor Days

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Liquidity/Acid Test

0.90

1.03

1.13

2.75

2.86

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Return On Capital Employed %

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Return On Total Assets Employed %

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Current Debt Ratio

7.33

2.39

1.72

0.39

0.36

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Total Debt Ratio

7.33

2.39

1.72

0.39

0.36

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Stock Turnover Ratio %

-

-

-

-

-

Description: \\VIVEK\Foreign Report Raw2\EUROPROCESSING LIMITED_files\barchart-grey.png

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

13/09/2014

Annual Returns

07/05/2014

New Accounts Filed

13/09/2013

Annual Returns

19/04/2013

New Accounts Filed

15/09/2012

Annual Returns

19/01/2012

New Accounts Filed

15/09/2011

Annual Returns

11/04/2011

New Accounts Filed

24/09/2010

Annual Returns

27/03/2010

New Accounts Filed

02/10/2009

Annual Returns

25/01/2009

New Accounts Filed

23/09/2008

Annual Returns

15/06/2008

New Accounts Filed

26/09/2007

Annual Returns

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

EUROPROCESSING LIMITED

Ownership Status

Ultimately Owned

Ultimate Holding Company

EUROPROCESSING LIMITED

 

 

Group Structure Full

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

EUROPROCESSING LIMITED

04066397

31.08.2013

N

CROWN BUSINESS PARK LI...

07557704

31.03.2014

N

 

 

Mortgage Details

 

Mortgage Type:

CHARGE OF DEPOSIT

Date Charge Created:

01/06/06

Date Charge Registered:

07/06/06

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:

THE DEPOSIT INITIALLY OF £10,000 CREDITED TO ACCOUNT DESIGNATION NUMBER 38566982 WITH THE BANK ANDANY ADDITION TO THATDEPOSIT AND ANY DEPOSIT OR ACCOUNT FROMTIME TO TIME OF ANY OTHER CURRENCY DESCRIPTION OR DESIGNATION WHICH DERIVES IN WHOLE OR IN PART FROM SUCH DEPOSIT OR ACCOUNT

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Susan Warren

1

1

Geoffrey Maxfield

2

4

SWIFT INCORPORATIONS LIMITED

2579

263489

Average Invoice Value

Ł503.42

Invoices available

36

Paid

27

Outstanding

9

 

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

16

2

9

0

0

Outstanding

0

0

7

2

0

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.58

UK Pound

1

Rs.97.99

Euro

1

Rs.70.53

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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

 

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NB

New Business

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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.