MIRA INFORM REPORT

 

 

Report No. :

349745

Report Date :

19.11.2015

 

IDENTIFICATION DETAILS

 

Name :

IF CARDBOARD CREATIONS LIMITED

 

 

Registered Office :

Thornton Road Industrial Estate Thornton Road Pickering YO18 7JB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

 31.12.2014

 

 

Date of Incorporation :

16.01.1996

 

 

Com. Reg. No.:

03146800

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of games and toys, business and management consultancy.

 

 

No. of Employee :

46

 

 

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 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 and address

 

IF CARDBOARD CREATIONS LIMITED

 

Company No

 03146800

 

Registered Address

THORNTON ROAD INDUSTRIAL ESTATE THORNTON ROAD PICKERING YO18 7JB

 

 

Company Summary

 

Registered Address

THORNTON ROAD INDUSTRIAL ESTATE THORNTON ROAD PICKERING YO18 7JB

Trading Address

 

Thornton Road Industrial Estate Thornton Road Pickering North Yorkshire YO18 7JB

Website Address

http://www.thatcompanycalledif.com

 

 

Telephone Number

01751475757

Fax Number

 

TPS

No

FPS

No

Incorporation Date

16/01/1996

 

 

Previous Name

--

Type

Private limited with Share Capital

FTSE Index

--

Date of Change

--

Filing Date of Accounts

20/06/2015

Currency

GBP

Share Capital

£439,036

SIC07

32990

Charity Number

--

 

 

SIC07 Description

OTHER MANUFACTURING N.E.C.

Principal Activity

Manufacture of games and toys, business and management consultancy.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/12/2014

£5,173,380

£310,327

£4,780,588

46

31/12/2013

£4,204,109

£671,744

£4,529,494

52

31/03/2013

£7,007,665

£1,598,639

£4,002,232

--

 

 

Mortgage Summary

 

Total Mortgage              6

Outstanding                  1

Satisfied                       5

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                   8

Total Value of Documented Trade                      £4,052

 

 

Commentary

 

This company has been treated as a Small company in respect of the rating/limit generated.

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

The latest Balance Sheet indicates a very positive net working capital position.

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

There has been an increase in shareholders funds compared with the previous balance sheet.

 

 

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

6

 

 

Current Directors

 

Name

John Philip Calvert

Date of Birth

29/03/1969

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

09/04/1998

Address

If House Thornton Road, Pickering, North Yorkshire, YO18 7JB

 

Name

Peter Sung-Yan Yu

Date of Birth

10/03/1959

Officers Title

Mr

Nationality

American

Present Appointments

3

Function

Director

Appointment Date

01/05/2013

Address

Thornton Road Industrial Estate, Thornton Road, Pickering, North Yorkshire, YO18 7JB

 

Name

Kim Kraft

Date of Birth

13/01/1963

Officers Title

Ms

Nationality

American

Present Appointments

3

Function

Director

Appointment Date

01/05/2013

Address

Thornton Road Industrial Estate, Thornton Road, Pickering, North Yorkshire, YO18 7JB

 

Name

Terrance Finley

Date of Birth

15/12/1953

Officers Title

Mr

Nationality

American

Present Appointments

2

Function

Director

Appointment Date

01/05/2013

Address

Thornton Road Industrial Estate, Thornton Road, Pickering, North Yorkshire, YO18 7JB

 

 

Current Company Secretary

 

Name

Julian David Rhodes

Date of Birth

-

Officers Title

Mr

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

30/04/2013

Address

Thornton Road Industrial Estate, Thornton Road, Pickering, North Yorkshire, YO18 7JB

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

THAT COMPANY CALLED IF LTD

GBP

439,036

ORDINARY

1

100

 

 

Profit & Loss

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Weeks

52

(%)

39

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£5,173,380

23.1%

£4,204,109

-40%

£7,007,665

2.8%

£6,815,234

-

-

Export

£3,259,229

46.3%

£2,228,178

-33.8%

£3,363,679

7.3%

£3,135,008

-

-

Cost of Sales

£2,697,564

33.7%

£2,017,497

-37.6%

£3,232,265

2.2%

£3,163,573

-

-

Gross Profit

£2,475,816

13.2%

£2,186,612

-42.1%

£3,775,400

3.4%

£3,651,661

-

-

Wages & Salaries

£1,221,017

24.2%

£983,334

-26%

£1,327,989

4.2%

£1,274,834

-

-

Directors Emoluments

£125,948

-6%

£133,999

-40.6%

£225,540

12.8%

£200,004

-

-

Operating Profit

£310,362

-54.2%

£677,911

-58.3%

£1,625,629

14.2%

£1,424,000

-

-

Depreciation

£42,724

74.5%

£24,481

-57.3%

£57,298

0.7%

£56,921

11.9%

£50,870

Audit Fees

£14,000

-

£14,000

16.7%

£12,000

9.1%

£11,000

-

-

Interest Payments

£234

-96.3%

£6,355

-76.5%

£26,990

43.5%

£18,803

-

-

Pre Tax Profit

£310,327

-53.8%

£671,744

-58%

£1,598,639

13.7%

£1,406,197

-

-

Taxation

-£59,233

59%

-£144,482

63%

-£391,000

-1.6%

-£385,000

-

-

Profit After Tax

£251,094

-52.4%

£527,262

-56.3%

£1,207,639

18.3%

£1,021,197

-

-

Dividends Payable

-

-

-

-

-

-100%

£375,000

-

-

Retained Profit

£251,094

-52.4%

£527,262

-56.3%

£1,207,639

86.9%

£646,197

-

-

 

Balance Sheet

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Tangible Assets

£151,302

12%

£135,100

-87.3%

£1,063,180

-1.9%

£1,083,926

-2.6%

£1,112,847

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£151,302

12%

£135,100

-87.3%

£1,063,180

-1.9%

£1,083,926

-2.6%

£1,112,847

Stock

£2,047,811

-21.9%

£2,621,328

21.9%

£2,149,916

16.4%

£1,847,458

91.8%

£963,450

Trade Debtors

£1,146,552

-24.1%

£1,509,959

12.8%

£1,338,801

25.7%

£1,065,367

-13%

£1,224,375

Cash

£181,257

284%

£47,200

-89.6%

£455,590

138.6%

£190,932

-50.7%

£387,108

Other Debtors

£1,697,345

56.3%

£1,085,744

602.3%

£154,594

-37%

£245,315

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£5,072,965

-3.6%

£5,264,231

28.4%

£4,098,901

22.4%

£3,349,072

30.1%

£2,574,933

Trade Creditors

£198,628

-62.3%

£526,614

284.5%

£136,969

-46.6%

£256,732

-73%

£950,336

Bank Loans & Overdrafts

0

-

0

-100%

£54,472

-52.3%

£114,240

122.7%

£51,303

Other Short Term Finance

0

-100%

£1,952

-85%

£13,035

-3.1%

£13,446

-3.7%

£13,958

Miscellaneous Current Liabilities

£229,051

-29.6%

£325,271

-38.9%

£532,582

-31.8%

£780,471

-

0

Total Current Liabilities

£427,679

-49.9%

£853,837

15.8%

£737,058

-36.7%

£1,164,889

14.7%

£1,015,597

Bank Loans & Overdrafts and LTL

£16,000

-

£16,000

-96.6%

£477,263

-18.8%

£587,756

2.2%

£575,090

Other Long Term Finance

0

-

0

-100%

£21,164

21.5%

£17,418

-43.6%

£30,863

Total Long Term Liabilities

£16,000

-

£16,000

-96.2%

£422,791

-10.7%

£473,516

-9.6%

£523,787

 

 

Capital & Reserves

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Called Up Share Capital

£439,036

-

£439,036

-

£439,036

-

£439,036

-

£439,036

P & L Account Reserve

£4,242,953

6.3%

£3,991,859

15.2%

£3,464,597

53.5%

£2,256,958

40.1%

£1,610,761

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£98,599

-

£98,599

-

£98,599

-

£98,599

-

£98,599

Shareholder Funds

£4,780,588

5.5%

£4,529,494

13.2%

£4,002,232

43.2%

£2,794,593

30.1%

£2,148,396

 

 

Other Financial Items

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Net Worth

£4,780,588

5.5%

£4,529,494

13.2%

£4,002,232

43.2%

£2,794,593

30.1%

£2,148,396

Working Capital

£4,645,286

5.3%

£4,410,394

31.2%

£3,361,843

53.9%

£2,184,183

40.1%

£1,559,336

Total Assets

£5,224,267

-3.2%

£5,399,331

4.6%

£5,162,081

16.4%

£4,432,998

20.2%

£3,687,780

Total Liabilities

£443,679

-49%

£869,837

-25%

£1,159,849

-29.2%

£1,638,405

6.4%

£1,539,384

Net Assets

£4,780,588

5.5%

£4,529,494

13.2%

£4,002,232

43.2%

£2,794,593

30.1%

£2,148,396

 

 

Cash Flow

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Net Cashflow from Operations

£312,394

183.6%

-£373,623

-146%

£811,819

42.8%

£568,473

-

-

Net Cashflow before Financing

£136,009

112.7%

£63,956

-83%

£375,562

295.3%

-£192,330

-

-

Net Cashflow from Financing

-£1,952

99.6%

-£472,346

-853.7%

-£49,528

24.1%

-£65,222

-

-

Increase in Cash

£134,057

132.8%

-£408,390

-225.3%

£326,034

226.6%

-£257,552

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£4,796,588

5.5%

£4,545,494

2.7%

£4,425,023

35.4%

£3,268,109

22.3%

£2,672,183

Number of Employees

46

-11.5%

52

-

-

-

-

-

-

 

 

Accountants

MONTPELIER PROFESSIONAL (LEEDS) LIMITED

Auditors

MONTPELIER AUDIT LIMITED

Auditor Comments

The audit report contains no adverse comments

Bankers

NATIONAL WESTMINSTER BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/12/14

31/12/13

31/03/13

31/03/12

31/03/11

Pre-tax profit margin %

6

15.98

22.81

20.63

-

Current ratio

11.86

6.17

5.56

2.88

2.54

Sales/Net Working Capital

1.11

0.95

2.08

3.12

-

Gearing %

0.30

0.40

11.90

21

26.80

Equity in %

91.50

83.90

77.50

63

58.30

Creditor Days

13.97

34.19

7.11

13.71

-

Debtor Days

80.67

98.05

69.54

56.90

-

Liquidity/Acid Test

7.07

3.09

2.64

1.28

1.58

Return On Capital Employed %

6.46

14.77

36.12

43.02

-

Return On Total Assets Employed %

5.94

12.44

30.96

31.72

-

Current Debt Ratio

0.08

0.18

0.18

0.41

0.47

Total Debt Ratio

0.09

0.19

0.28

0.58

0.71

Stock Turnover Ratio %

39.58

62.35

30.67

27.10

-

Return on Net Assets Employed %

6.49

14.83

39.94

50.31

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

30/06/2015

New Accounts Filed

30/06/2015

New Accounts Filed

23/01/2015

Annual Returns

07/08/2014

New Accounts Filed

07/08/2014

New Accounts Filed

21/01/2014

Annual Returns

16/07/2013

New Accounts Filed

16/07/2013

New Accounts Filed

10/06/2013

New Board Member Mr T. Finley appointed

10/06/2013

New Board Member Ms K. Kraft appointed

03/06/2013

New Board Member Mr T. Finley appointed

03/06/2013

New Board Member Ms K. Kraft appointed

03/06/2013

New Board Member Mr P.S. Yu appointed

23/05/2013

Mr J.D. Rhodes has left the board

23/05/2013

Mr J.P. Calvert has resigned as company secretary

 

 

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

THAT COMPANY CALLED IF LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

THAT COMPANY CALLED IF LIMITED

 

 

Group Structure Full

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

tminusTHAT COMPANY CALLED IF L...

08308334

31.12.2014

Y

£5,173,380

LIF CARDBOARD CREATIONS...

03146800

31.12.2014

N

£5,173,380

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

01/05/13

Date Charge Registered:

15/05/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

WELLS FARGO BANK, NATIONAL ASSOCIATION;

Amount Secured:

Details:

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

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

19/07/10

Date Charge Registered:

16/05/13

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

5 ENTERPRISE WAY PICKERING NORTH YORKSHIRE WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

21/09/09

Date Charge Registered:

04/05/13

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

F/H PROPERTY K/A PLOT 10, THORNTON ROADINDUSTRIAL ESTATE PICKERING NORTH YORKSHIRE T/NO. NYK281015 WITH THE BENEFIT OFALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL& OTHER MONEY PAYABLE AND ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

04/03/05

Date Charge Registered:

04/05/13

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (SECURITY HOLDER);

Amount Secured:

Details:

BY WAY OF FIXED EQUITABLE CHARGE ALL FACTORED RECEIVABLES WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER PURSUANT TO THE AGREEMENT

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

16/07/04

Date Charge Registered:

04/05/13

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

THE F/H LAND KNOWN AS PLOT 3 THORNTON ROAD INDUSTRIAL ESTATE PICKERING T/N NYK287383,WITH THE BENEFIT OF ALL RIGHTS LICENCESGUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THEPROPERTY ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTERESTCREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

Mortgage Type:

DEBENTURE

Date Charge Created:

07/08/03

Date Charge Registered:

04/05/13

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

HSBC 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

 

 

Creditor Details

 

Total Number

Total Value

Trade Creditors

0

-

No Creditor Data

 

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

8

£4,052

 

 

Company Name

Amount

Statement Date

Parabola Retail Ltd

£1,320

20/01/2011

Jonathan Ashley Limited

£622

08/04/2011

Abbey Retail Limited

£537

01/12/2011

Sugar Mice Trading Ltd

£469

30/03/2012

Presentation Limited

£386

16/03/2012

Orange Books Ltd

£341

09/06/2011

Watkins Books Limited

£204

25/03/2010

The Good Book Guide 2008 Limited

£173

01/09/2010

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Stewart Alexander Smith

0

5

Nicholas Lindsey Dearden

5

5

Nicholas Lindsey Dearden

5

5

Ashley Edard Bryant

1

1

John Philip Calvert

4

3

Julian David Rhodes

10

8

Average Invoice Value

Ł281.02

Invoices available

47

Paid

47

Outstanding

0

 

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

24

18

1

2

2

Outstanding

0

0

0

0

0

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.11

UK Pound

1

Rs.100.51

Euro

1

Rs.70.39

 

 

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.