MIRA INFORM REPORT

 

 

Report No. :

349426

Report Date :

13.11.2015

 

IDENTIFICATION DETAILS

 

Name :

BOSCH PACKAGING TECHNOLOGY LIMITED

 

 

Formerly Known As :

BOSCH PACKAGING SERVICES LTD

 

 

Registered Office :

Unit 2A Meteor Business Parkmeteor Centremansfield Roadde21 4SU

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

25.07.1991

 

 

Com. Reg. No.:

02632608

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :
  • Manufacture of other special-purpose machinery n.e.c

·         Servicing and refurbishment of, and the supply of spare parts, for packaging and handling systems.

 

 

No. of Employee :

154 (31.12.2014)

 

 

 

 

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 :

£240,000

 

 

Status :

Satisfactory

 

 

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 – 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 has been a net importer of energy since 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 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

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).

 

Source : CIA

 

Company Name

 

BOSCH PACKAGING TECHNOLOGY LIMITED

 

 

Company No

 

02632608

 

 

Registered Address

 

UNIT 2A METEOR BUSINESS PARKMETEOR CENTREMANSFIELD ROADDE21 4SU

 

 

Company Summary

 

Registered Address

 

UNIT 2A METEOR BUSINESS PARK
METEOR CENTRE
MANSFIELD ROAD
DE21 4SU

 

Trading Address

 

2A Meteor Business Park
Mansfield Road
Derby
Derbyshire
DE21 4SU

 

Credit Limit                              £240,000

Website Address                      http://www.boschpackaging.com

Telephone Number                   01332626262

Fax Number    

TPS                                          No

FPS                                          No

Incorporation Date                   25/07/1991

Previous Name                         BOSCH PACKAGING SERVICES LTD

Type                                         Private limited with Share Capital

FTSE Index                              -

Date of Change                         22/07/2011

Filing Date of Accounts            19/05/2015

Currency                                  GBP

Share Capital                           £3,122,000

SIC07                                       28990

Charity Number                        -

SIC07 Description                    MANUFACTURE OF OTHER SPECIAL-PURPOSE MACHINERY N.E.C.

Principal Activity                      Servicing and refurbishment of, and the supply of spare parts, for packaging and handling systems.

 

 

Key Financials

 

Year to Date                 Turnover          Pre Tax Profit               Shareholder     Funds Employees

31/12/2014                    £23,696,928      -£7,436,955                   £4,116,242        154

31/12/2013                    £27,066,145      -£1,876,568                   -£125,506          158

31/12/2012                    £33,975,975      £1,122,854                    £2,076,373        156

 

 

Mortgage Summary

 

Total Mortgage             0

Outstanding                 0

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 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 negative return on assets.

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

4

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

27

 

 

Current Directors

 

Name

Uwe Michael Harbauer

Date of Birth

01/05/1964

Officers Title

Mr

Nationality

German

Present Appointments

1

Function

Director

Appointment Date

01/10/2006

Address

Hagenhofer Str 39, Crailsheim, 74564

 

Name

Frank Tarr

Date of Birth

09/03/1964

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/06/2007

Address

Unit 2a Meteor Business Park, Mansfield Road, Derby, DE21 4SU

 

Name

Walter Haecki

Date of Birth

06/11/1964

Officers Title

Mr

Nationality

Swiss

Present Appointments

1

Function

Director

Appointment Date

30/11/2012

Address

8 Industriestrass, Beringen, 8222

 

Name

Marcus Behrens

Date of Birth

21/06/1971

Officers Title

Mr

Nationality

German

Present Appointments

1

Function

Director

Appointment Date

01/05/2015

Address

Bosch Packaging Technology Ltd Kitling Road, Knowsley Business Park, Prescot, Merseyside, L34 9JS

 

 

Current Company Secretary

 

Name

Jonathan Burton

Date of Birth

-

Officers Title

Mr

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

02/03/2012

Address

Broadwater Park North Orbital Road, Denham, Uxbridge, Middlesex, UB9 5HJ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

ROBERT BOSCH UK HOLDINGS LTD

GBP

3,112,000

REDEEMABLE PREFERENCE

1

99.68

ROBERT BOSCH UK HOLDINGS LTD

GBP

10,000

ORDINARY

1

0.32

 

 

Financials

 

Profit & Loss

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£23,696,928

-12.4%

£27,066,145

-20.3%

£33,975,975

59%

£21,373,630

122.4%

£9,609,437

Export

£13,178,701

-26.9%

£18,021,181

-24.6%

£23,905,232

76%

£13,581,906

522.4%

£2,182,061

Cost of Sales

£19,155,900

-5.9%

£20,364,725

-17.4%

£24,639,774

59.9%

£15,405,948

154.1%

£6,063,209

Gross Profit

£4,541,028

-32.2%

£6,701,420

-28.2%

£9,336,201

56.4%

£5,967,682

68.3%

£3,546,228

Wages & Salaries

£6,531,000

-1.5%

£6,630,712

2.2%

£6,486,719

88.8%

£3,435,605

127%

£1,513,544

Directors Emoluments

£218,751

-1.6%

£222,284

4.7%

£212,311

59.7%

£132,917

68.4%

£78,952

Operating Profit

-£7,360,660

-301.8%

-£1,832,005

-260%

£1,145,240

-31.1%

£1,661,638

28.7%

£1,291,366

Depreciation

£267,611

7.9%

£248,005

1.5%

£244,458

85.6%

£131,715

561.4%

£19,916

Audit Fees

£57,556

-0.4%

£57,775

5.2%

£54,900

-

£54,900

87.4%

£29,300

Interest Payments

£80,785

76.5%

£45,778

67.5%

£27,332

-72.7%

£99,986

-

-

Pre Tax Profit

-£7,436,955

-296.3%

-£1,876,568

-267.1%

£1,122,854

-28.8%

£1,577,679

-0.4%

£1,584,546

Taxation

£1,678,703

213.4%

£535,564

304.4%

-£261,978

22.3%

-£336,995

25.6%

-£453,045

Profit After Tax

-£5,758,252

-329.4%

-£1,341,004

-255.8%

£860,876

-30.6%

£1,240,684

9.6%

£1,131,501

Dividends Payable

-

-100%

£860,876

-30.6%

£1,240,684

9.6%

£1,131,501

-46%

£2,096,853

Retained Profit

-£5,758,252

-161.5%

-£2,201,880

-479.7%

-£379,808

-447.9%

£109,183

111.3%

-£965,352

 

 

Balance Sheet

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Tangible Assets

£417,020

-34.1%

£633,267

-15.5%

£749,796

-9.3%

£826,270

999.9%

£73,189

Intangible Assets

0

-100%

£4,169,469

-3.8%

£4,332,475

-7.4%

£4,677,488

-

0

Total Fixed Assets

£417,020

-91.3%

£4,802,736

-5.5%

£5,082,271

-7.7%

£5,503,758

999.9%

£73,189

Stock

£6,248,256

68.2%

£3,715,387

39.9%

£2,656,581

-1.1%

£2,685,546

891.7%

£270,796

Trade Debtors

£4,380,550

-3.8%

£4,555,914

2.1%

£4,463,811

-24.3%

£5,895,640

296.9%

£1,485,588

Cash

£2,682,945

-

0

-100%

£363,904

-40.6%

£613,124

-88.5%

£5,327,349

Other Debtors

£3,481,443

31.1%

£2,654,617

18.3%

£2,244,893

35.8%

£1,653,313

311.3%

£401,999

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£16,793,194

53.7%

£10,925,918

12.3%

£9,729,189

-10.3%

£10,847,623

44.9%

£7,485,732

Trade Creditors

£2,994,189

23.6%

£2,422,813

-16.8%

£2,911,496

-24.5%

£3,858,310

999.9%

£211,622

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

£5,271,282

-36.3%

£8,281,552

35%

£6,134,970

-2%

£6,257,120

59.5%

£3,922,113

Miscellaneous Current Liabilities

£4,828,501

-6.2%

£5,149,795

39.6%

£3,688,621

-2.4%

£3,779,770

250.6%

£1,078,188

Total Current Liabilities

£13,093,972

-17.4%

£15,854,160

24.5%

£12,735,087

-8.3%

£13,895,200

166.6%

£5,211,923

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

.

Capital & Reserves

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Called Up Share Capital

£10,000

-

£10,000

-

£10,000

-

£10,000

-

£10,000

P & L Account Reserve

-£5,893,758

-999.9%

-£135,506

-106.6%

£2,066,373

-15.5%

£2,446,181

4.7%

£2,336,998

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£10,000,000

-

-

-

-

-

-

-

-

Shareholder Funds

£4,116,242

999.9%

-£125,506

-106%

£2,076,373

-15.5%

£2,456,181

4.7%

£2,346,998

 

Other Financial Items

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Net Worth

£4,116,242

195.8%

-£4,294,975

-90.4%

-£2,256,102

-1.6%

-£2,221,307

-194.6%

£2,346,998

Working Capital

£3,699,222

175.1%

-£4,928,242

-64%

-£3,005,898

1.4%

-£3,047,577

-234%

£2,273,809

Total Assets

£17,210,214

9.4%

£15,728,654

6.2%

£14,811,460

-9.4%

£16,351,381

116.3%

£7,558,921

Total Liabilities

£13,093,972

-17.4%

£15,854,160

24.5%

£12,735,087

-8.3%

£13,895,200

166.6%

£5,211,923

Net Assets

£4,116,242

999.9%

-£125,506

-106%

£2,076,373

-15.5%

£2,456,181

4.7%

£2,346,998

 

Cash Flow

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£4,116,242

999.9%

-£125,506

-106%

£2,076,373

-15.5%

£2,456,181

4.7%

£2,346,998

Number of Employees

154

-2.5%

158

1.3%

156

92.6%

81

131.4%

35

Accountants

Auditors

PRICEWATERHOUSECOOPERS LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

BARCLAYS BANK PLC

Bank Branch Code

20-89-06

 

Ratios

 

Date Of Accounts

31/12/14

31/12/13

31/12/12

31/12/11

31/12/10

Pre-tax profit margin %

-31.38

-6.93

3.30

7.38

16.49

Current ratio

1.28

0.69

0.76

0.78

1.44

Sales/Net Working Capital

6.41

-5.49

-11.30

-7.01

4.23

Gearing %

0

0

0

0

0

Equity in %

23.90

-1.10

19.80

21

31

Creditor Days

45.99

32.58

31.19

65.70

8.01

Debtor Days

67.28

61.27

47.82

100.40

56.27

Liquidity/Acid Test

0.80

0.45

0.55

0.58

1.38

Return On Capital Employed %

-180.67

1495.20

54.07

64.23

67.51

Return On Total Assets Employed %

-43.21

-11.93

7.58

9.64

20.96

Current Debt Ratio

3.18

-126.32

6.13

5.65

2.22

Total Debt Ratio

3.18

-126.32

6.13

5.65

2.22

Stock Turnover Ratio %

26.36

13.72

7.81

12.56

2.81

Return on Net Assets Employed %

-180.67

1495.20

54.07

64.23

67.51

 

Report Notes

 

There are no notes to display.

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

29/08/2015

Annual Returns

17/07/2015

Payment Data Update Recieved

17/07/2015

New Board Member Mr M. Behrens appointed

03/06/2015

New Accounts Filed

01/05/2015

Mr G. Hanson has left the board

15/08/2014

Annual Returns

15/05/2014

New Accounts Filed

18/09/2013

Annual Returns

22/06/2013

New Accounts Filed

22/06/2013

New Accounts Filed

04/12/2012

New Board Member Mr W. Haecki appointed

30/11/2012

Mr W. Szczerba has left the board

01/09/2012

Annual Returns

21/07/2012

New Accounts Filed

06/03/2012

Ms K.A. Bloodworth has resigned as company secretary

 

 

Previous Company Names

 

Date

Previous Name

22/07/2011

BOSCH PACKAGING SERVICES LTD

13/04/2005

SIGPACK SERVICES LTD.

05/08/2004

SIG PACK SERVICES LIMITED

24/01/2001

SIG PACK LTD.

22/12/1997

SIG PACKAGING TECHNOLOGY (UK) LIMITED

18/12/1991

DABDEAN LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

34 companies

Linkages

674 companies

Countries

In 60 countries

 

 

Summary

 

Holding Company

ROBERT BOSCH UK HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

ROBERT BOSCH GMBH

 

 

Group Structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

tminus ROBERT BOSCH GMBH

N/A

-

-

tminus AVENTICS HOLDING BV

N/A

-

-

L AVENTICS LIMITED

08197240

31.12.2014

N

£3,535,446

tminus BOSCH POWER TOOLS HOLD...

CHE111734182

-

-

L BOSCH LAWN AND GARDE...

03073491

31.12.2014

N

£172,035,000

tminus BOSCH THERMOTECHNIK HO...

38016235

31.12.2013

N

tminus ROBERT BOSCH INVESTM...

02692230

31.12.2014

Y

£431,100,000

tminus WORCESTER GROUP LI...

00735487

31.12.2014

N

L BOSCH THERMOTECHN...

01993294

31.12.2014

N

£431,100,000

T EVI HOLDING (DEUTSCHLA...

HRB 10347

31.12.2008

N

T EXTREME CCTV

N/A

-

-

T ROBERT BOSCH HOLDING N...

16022873

31.12.2013

N

T ROBERT BOSCH HOLDING M...

N/A

-

-

tminus ROBERT BOSCH INVESTMEN...

34166287

31.12.2013

N

tminus ROBERT BOSCH UK HOLD...

07394406

31.12.2014

N

£50,731,000

tminus BOSCH AUTOMOTIVE S...

00880052

31.12.2014

N

£30,558,000

T LAGTA LIMITED

SC076786

31.12.2014

Y

£1,382,554

tminus SPORE HOLDINGS LI...

04588914

31.12.2012

N

L VALLEY FORGE (U...

02844233

31.12.2012

N

£7,007,618

L BOSCH AUTOMOTIVE...

HRB 86

02.12.2012

N

€116,232,312

T BOSCH PACKAGING TE...

02632608

31.12.2014

N

£23,696,928

tminus BOSCH REXROTH LIMITED

00768471

31.12.2014

N

£187,060,437

L HAGGLUNDS DRIVES...

02682886

31.12.2014

N

T ROBERT BOSCH LIMITED

SC013418

31.12.2014

N

£248,865,000

T BOSCH SECURITY SYS...

02865840

31.12.2014

N

£28,143,000

L ETAS LIMITED

03383737

31.12.2014

N

tminus ROBERT BOSCH INTERNATI...

N/A

-

-

L ROBERT BOSCH IRELAND...

IE472655

31.12.2014

N

€655,891

tminus SIA ABRASIVES HOLDING AG

CHE103087972

-

-

tminus SIA ABRASIVES HOLDIN...

05674012

31.12.2014

N

T SIA ABRAFOAM LIMITED

02954615

31.12.2014

N

£12,753,000

tminus SIA ABRASIVES (G.B...

00931166

31.12.2014

N

£10,930,000

L SIA (G.B.) LIMITED

00933019

31.12.2013

N

L SIA FIBRAL LIMITED

02310364

31.12.2014

N

£10,699,000

 

 

Other Linked Companies

 

Name

Number

Latest Key Financials

Turnover

BOSCH

00000761

31.12.2014

€1,475,725,941

ROBERT BOSCH GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG

HRB 14000

31.12.2014

€25,769,000,000

ZF FRIEDRICHSHAFEN AG

HRB 630206

31.12.2014

€18,694,000,000

TRW SYSTEMS LIMITED

00352824

31.12.2014

£193,990,000

MIJNEN NV

406218182

31.12.2014

€791,744

ROBERT BOSCH FRANCE

572067684

31.12.2014

€1,324,290,650

TRW LIMITED

00872948

31.12.2014

£303,594,000

BSH HAUSGERÄTE GMBH

HRB 75534

31.12.2013

€10,798,000,000

LUCAS INDUSTRIES LIMITED

00054802

31.12.2014

£4,733,000

TRW U.K. LIMITED

00237206

31.12.2014

LUCASVARITY

03207774

31.12.2014

AUTOMOTIVE HOLDINGS (UK) LIMITED

04609841

31.12.2014

BOSCH SICHERHEITSSYSTEME GMBH

HRB 23118

31.12.2012

€764,687,000

TECNOLOGIE DIESEL E SISTEMI FRENANTI S.P.A.

BA340233

31.12.2013

€295,250,108

BOSCH SOLAR CISTECH GMBH

HRB 20054 P

31.12.2011

€4,794,270

BOSCH REXROTH

440233815

31.12.2014

€65,237,542

BSH HUSHOLDNINGSAPPARATER AS

942381115

31.12.2014

552,637 KNOK

ROBERT BOSCH PRODUKTIE NV

407251926

31.12.2014

€186,111,956

ROBERT BOSCH AUTOMOTIVE STEERING VENDOME

775424914

31.12.2014

€122,415,542

ROBERT BOSCH S.P.A.

MI174459

31.12.2013

€312,370,911

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Gary Hanson

0

1

Nigel Philip Turtle

8

10

Kevin Roger Troop

5

3

Ellan Malcolm Forbes Temple

0

2

Jacquline Kay Heffron

0

1

Hans-Ulrich Blickenstorfer

0

2

Urs Sommerhalder

0

1

John Clive Sadler

7

5

Christian Sturzenegger

0

2

Kurt Emanuel Siegenthaler

0

6

John Fredreick Deboer

0

12

John Fredreick Deboer

0

12

Calvin Felix Grieder

0

1

Beat Kalin

2

4

Heinz Stuebi

0

2

Geoffrey Farr

0

8

Barry Golding

0

3

Helen Millington

0

2

Gary Anderton

0

2

Karen Ann Bloodworth

7

25

Holger Von Hebel

0

1

Roman Haenggi

0

1

Hans-Peter Bornhauser

1

2

Jakob Bleiker

0

1

L & A REGISTRARS LIMITED

1318

19224

L & A SECRETARIAL LIMITED

1320

19232

Wolfgang Szczerba

0

1

 

Average Invoice Value

Ł1021.76

Invoices available

435

Paid

431

Outstanding

4

 

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

173

138

78

28

14

Outstanding

2

0

2

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.35

UK Pound

1

Rs.100.28

Euro

1

Rs.71.30

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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.