MIRA INFORM REPORT
|
Report No. : |
350310 |
|
Report Date : |
27.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRECISION COMPONENTS LIMITED |
|
|
|
|
Registered Office : |
Holroyd Harbour Lane North Milnrow Rochdale Ol16 3lq |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
25.06.2007 |
|
|
|
|
Com. Reg. No.: |
06291131 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
57 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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
Company Name: PRECISION
COMPONENTS LIMITED
Company No: 06291131
Company Status: Active
- Accounts Filed
Registered Address: HOLROYD HARBOUR LANE NORTH MILNROW ROCHDALE OL16 3LQ
Company
Summary
Registered Address
HOLROYD HARBOUR LANE NORTH
MILNROW
ROCHDALE
OL16 3LQ
Trading
Address
Harbour Lane North
Milnrow
Rochdale
Lancashire
OL16 3LQ
Website Address http://www.ptg-components.com
Telephone Number 01706526590
TPS No
FPS No
Incorporation Date 25/06/2007
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 16/09/2015
Currency GBP
Share Capital £1
SIC07 25990
Charity Number -
SIC07 Description MANUFACTURE
OF OTHER FABRICATED METAL PRODUCTS N.E.C.
Principal Activity
The sub contract manufacture of
helical screw rotors for a variety of complex industrial applications.
Key
Financials
Year to Date Turnover
Pre Tax Profit Shareholder Funds Employees
31/12/2014 £3,165,287 -£1,161,730 -£1,006,859 57
31/12/2013 £5,743,227 £157,695 £154,87 176
31/12/2012 £6,913,991 £230,059 -£2,824
77
Mortgage
Summary
Total Mortgage 2
Outstanding 1
Satisfied 1
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
that assets are funded through debt rather than equity. |
|
|
This company's return on total assets employed ratio indicates a
negative return on assets. |
|
|
This company has made late payments on a medium percentage of
invoices. |
|
|
The company has more cash than short term bank borrowings. |
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 |
8 |
Current
Directors
|
Name |
Antony James Bannan |
Date of Birth |
10/04/1964 |
|
Officers Title |
Dr |
Nationality |
British |
|
Present Appointments |
7 |
Function |
Director |
|
Appointment Date |
29/01/2009 |
||
|
Address |
Holroyd Harbour Lane North, Milnrow, Rochdale, Lancashire, OL16 3LQ |
||
|
Name |
Colin Steven Carr |
Date of Birth |
02/07/1964 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
15/09/2011 |
||
|
Address |
Precision Components Ltd Harbour Lane North, Milnrow, Rochdale,
Lancashire, OL16 3LQ |
||
|
Name |
Yu Chen |
Date of Birth |
23/01/1970 |
|
Officers Title |
Mr |
Nationality |
Chinese |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
20/06/2013 |
||
|
Address |
Holroyd Harbour Lane North, Milnrow, Rochdale, Lancashire, OL16 3LQ |
||
|
Name |
Dechao Heng |
Date of Birth |
18/07/1974 |
|
Officers Title |
Mr |
Nationality |
Chinese |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
31/08/2015 |
||
|
Address |
Holroyd Harbour Lane North, Milnrow, Rochdale, Lancashire, OL16 3LQ |
||
|
Name |
Laurence John Neary |
Date of Birth |
- |
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
20/06/2013 |
||
|
Address |
Holroyd Harbour Lane North, Milnrow, Rochdale, Lancashire, OL16 3LQ |
||
Top 20
Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
PRECISION TECHNOLOGIES GROUP (PTG) LTD |
GBP |
1 |
ORDINARY |
1 |
100 |
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 |
(%) |
26 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£3,165,287 |
-44.9% |
£5,743,227 |
-16.9% |
£6,913,991 |
-7.5% |
£7,475,640 |
158.1% |
£2,896,000 |
|
Export |
£2,777,862 |
-48.2% |
£5,363,047 |
-17.3% |
£6,484,709 |
-8.9% |
£7,117,201 |
176.3% |
£2,576,000 |
|
Cost of Sales |
£2,048,579 |
-39.5% |
£3,388,664 |
-21.3% |
£4,307,146 |
-13.6% |
£4,983,967 |
170% |
£1,846,000 |
|
Gross Profit |
£1,116,708 |
-52.6% |
£2,354,563 |
-9.7% |
£2,606,845 |
4.6% |
£2,491,673 |
137.3% |
£1,050,000 |
|
Wages & Salaries |
£1,639,338 |
-21.7% |
£2,094,727 |
-9.1% |
£2,303,789 |
-1.4% |
£2,335,847 |
151.4% |
£929,000 |
|
Directors Emoluments |
£314,796 |
34.1% |
£234,729 |
22% |
£192,475 |
- |
- |
- |
- |
|
Operating Profit |
-£1,087,612 |
-612.5% |
£212,211 |
-27.9% |
£294,171 |
-9.9% |
£326,663 |
493.9% |
£55,000 |
|
Depreciation |
£246,355 |
-29.8% |
£351,115 |
81.5% |
£193,410 |
-2.3% |
£198,048 |
-99.8% |
£85,681,000 |
|
Audit Fees |
£11,476 |
45.4% |
£7,892 |
-21.1% |
£10,000 |
- |
£10,000 |
11.1% |
£9,000 |
|
Interest Payments |
£74,118 |
36% |
£54,516 |
-15% |
£64,112 |
- |
- |
- |
- |
|
Pre Tax Profit |
-£1,161,730 |
-836.7% |
£157,695 |
-31.5% |
£230,059 |
-29.6% |
£326,663 |
493.9% |
£55,000 |
|
Taxation |
- |
- |
- |
- |
- |
100% |
-£17,422 |
-2.5% |
-£17,000 |
|
Profit After Tax |
-£1,161,730 |
-836.7% |
£157,695 |
-31.5% |
£230,059 |
-25.6% |
£309,241 |
713.8% |
£38,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
-£1,161,730 |
-836.7% |
£157,695 |
-31.5% |
£230,059 |
-25.6% |
£309,241 |
713.8% |
£38,000 |
Balance Sheet
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Tangible Assets |
£1,470,612 |
10.7% |
£1,328,562 |
-13.2% |
£1,530,793 |
29% |
£1,186,653 |
-3.6% |
£1,231,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£1,470,612 |
10.7% |
£1,328,562 |
-13.2% |
£1,530,793 |
29% |
£1,186,653 |
-3.6% |
£1,231,000 |
|
Stock |
£388,832 |
24.2% |
£313,044 |
-43.8% |
£556,867 |
-36.6% |
£877,832 |
67.2% |
£525,000 |
|
Trade Debtors |
£1,880,010 |
3.6% |
£1,814,837 |
37.6% |
£1,318,449 |
-17.9% |
£1,606,757 |
15.3% |
£1,393,000 |
|
Cash |
£277,640 |
522.1% |
£44,626 |
-89.9% |
£442,188 |
61.7% |
£273,412 |
-26.3% |
£371,000 |
|
Other Debtors |
£903,136 |
29.6% |
£696,697 |
-15% |
£819,453 |
-91.8% |
£9,940,473 |
474.6% |
£1,730,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£3,449,618 |
20.2% |
£2,869,204 |
-8.5% |
£3,136,957 |
-75.3% |
£12,698,474 |
216% |
£4,019,000 |
|
Trade Creditors |
£432,046 |
-10% |
£480,152 |
2.3% |
£469,344 |
-36.5% |
£739,480 |
-17.4% |
£895,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£3,904,177 |
96.9% |
£1,982,655 |
-21.1% |
£2,513,947 |
-78.4% |
£11,615,334 |
674.4% |
£1,500,000 |
|
Miscellaneous Current Liabilities |
£358,053 |
13.2% |
£316,186 |
7.7% |
£293,489 |
-39.9% |
£487,960 |
-83.4% |
£2,935,000 |
|
Total Current Liabilities |
£4,694,276 |
68.9% |
£2,778,993 |
-15.2% |
£3,276,780 |
-74.5% |
£12,842,774 |
141% |
£5,330,000 |
|
Bank Loans & Overdrafts and LTL |
£1,232,813 |
-2.5% |
£1,263,902 |
-9.3% |
£1,393,794 |
9.3% |
£1,275,236 |
176% |
£462,000 |
|
Other Long Term Finance |
£1,217,045 |
-1.6% |
£1,236,284 |
-9.1% |
£1,360,057 |
12.1% |
£1,212,731 |
189.4% |
£419,000 |
|
Total Long Term Liabilities |
£1,232,813 |
-2.5% |
£1,263,902 |
-9.3% |
£1,393,794 |
9.3% |
£1,275,236 |
176% |
£462,000 |
.
Capital &
Reserves
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Called Up Share Capital |
£1 |
- |
£1 |
- |
£1 |
- |
£1 |
- |
- |
|
P & L Account Reserve |
-£1,006,860 |
-750.1% |
£154,870 |
999.9% |
-£2,825 |
98.8% |
-£232,884 |
57% |
-£542,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
-£1,006,859 |
-750.1% |
£154,871 |
999.9% |
-£2,824 |
98.8% |
-£232,883 |
57% |
-£542,000 |
Other Financial
Items
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Net Worth |
-£1,006,859 |
-750.1% |
£154,871 |
999.9% |
-£2,824 |
98.8% |
-£232,883 |
57% |
-£542,000 |
|
Working Capital |
-£1,244,658 |
-999.9% |
£90,211 |
164.5% |
-£139,823 |
3.1% |
-£144,300 |
89% |
-£1,311,000 |
|
Total Assets |
£4,920,230 |
17.2% |
£4,197,766 |
-10.1% |
£4,667,750 |
-66.4% |
£13,885,127 |
164.5% |
£5,250,000 |
|
Total Liabilities |
£5,927,089 |
46.6% |
£4,042,895 |
-13.4% |
£4,670,574 |
-66.9% |
£14,118,010 |
143.8% |
£5,792,000 |
|
Net Assets |
-£1,006,859 |
-750.1% |
£154,871 |
999.9% |
-£2,824 |
98.8% |
-£232,883 |
57% |
-£542,000 |
Cash Flow
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Net Cashflow from Operations |
£714,990 |
766.1% |
-£107,346 |
-125.7% |
£417,669 |
-43.1% |
£733,553 |
344.6% |
£165,000 |
|
Net Cashflow before Financing |
£326,585 |
227.5% |
-£256,230 |
-113.7% |
-£119,881 |
-119.7% |
£609,593 |
269.5% |
£165,000 |
|
Net Cashflow from Financing |
-£93,571 |
33.8% |
-£141,332 |
-149% |
£288,657 |
140.8% |
-£707,317 |
-999.9% |
-£18,000 |
|
Increase in Cash |
£233,014 |
158.6% |
-£397,562 |
-335.6% |
£168,776 |
272.7% |
-£97,724 |
-166.5% |
£147,000 |
Miscellaneous
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£225,954 |
-84.1% |
£1,418,773 |
2% |
£1,390,970 |
33.4% |
£1,042,353 |
999.9% |
-£80,000 |
|
Number of Employees |
57 |
-25% |
76 |
-1.3% |
77 |
2.7% |
75 |
23% |
61 |
|
Accountants |
|||||||||
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
31/12/14 |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
|
Pre-tax profit margin % |
-36.70 |
2.75 |
3.33 |
4.37 |
1.90 |
|
Current ratio |
0.73 |
1.03 |
0.96 |
0.99 |
0.75 |
|
Sales/Net Working Capital |
-2.54 |
63.66 |
-49.45 |
-51.81 |
-2.21 |
|
Gearing % |
-122.40 |
816.10 |
-49355.30 |
-547.60 |
-85.20 |
|
Equity in % |
-20.50 |
3.70 |
-0.10 |
-1.70 |
-10.30 |
|
Creditor Days |
49.68 |
30.43 |
24.70 |
36 |
56.24 |
|
Debtor Days |
216.19 |
115.02 |
69.41 |
78.23 |
87.54 |
|
Liquidity/Acid Test |
0.65 |
0.91 |
0.78 |
0.92 |
0.65 |
|
Return On Capital Employed % |
-514.14 |
11.11 |
16.53 |
31.33 |
-68.75 |
|
Return On Total Assets Employed % |
-23.61 |
3.75 |
4.92 |
2.35 |
1.04 |
|
Current Debt Ratio |
-4.66 |
17.94 |
-1160.33 |
-55.14 |
-9.83 |
|
Total Debt Ratio |
-5.88 |
26.10 |
-1653.88 |
-60.62 |
-10.68 |
|
Stock Turnover Ratio % |
12.28 |
5.45 |
8.05 |
11.74 |
18.12 |
|
Return on Net Assets Employed % |
115.38 |
101.82 |
-8146.56 |
-140.26 |
-10.14 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
02/10/2015 |
New Accounts Filed |
|
02/10/2015 |
New Accounts Filed |
|
10/09/2015 |
New Board Member Mr D. Heng appointed |
|
05/08/2015 |
Mr X. Sun has left the board |
|
11/07/2015 |
Annual Returns |
|
01/08/2014 |
Annual Returns |
|
05/05/2014 |
New Accounts Filed |
|
05/05/2014 |
New Accounts Filed |
|
09/07/2013 |
Annual Returns |
|
26/06/2013 |
Mrs C. Liu has left the board |
|
26/06/2013 |
Mr B. Yuan has left the board |
|
26/06/2013 |
New Board Member Mr X. Sun appointed |
|
26/06/2013 |
New Board Member Mr Y. Chen appointed |
|
26/06/2013 |
New Company Secretary Mr L.J. Neary appointed |
|
24/04/2013 |
New Accounts Filed |
Previous Company Names
|
No Previous Names found |
Writ Details
|
No writs found |
Statistics
|
Group |
9 companies |
|
Linkages |
1 companies |
|
Countries |
In 1 countries |
Summary
|
Holding Company |
PRECISION TECHNOLOGIES GROUP (PTG) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
CHONGQING MACHINERY & ELECTRIC CO LTD |
Group
Structure Full
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
|
N/A |
- |
- |
|
|
|
|
N/A |
- |
- |
|
|
|
|
06013143 |
31.12.2014 |
N |
£210,000 |
|
|
|
07724976 |
31.12.2014 |
N |
|
|
|
|
05844176 |
31.12.2014 |
N |
£8,292,488 |
|
|
|
06291131 |
31.12.2014 |
N |
£3,165,287 |
|
|
|
06555867 |
31.12.2014 |
N |
|
|
|
|
09534154 |
- |
N |
|
|
|
|
06594872 |
31.12.2014 |
N |
£1,445,217 |
Other
Linked Companies
|
Name |
Safe Number |
Number |
Latest Key Financials |
Rating |
Limit |
Turnover |
|
|
PTG DEUTSCHLAND GMBH |
|
DE02363186 |
HRB 24445 |
31.12.2012 |
37 |
€5,000 |
Mortgage
Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
12/10/10 |
||
|
Date Charge Registered: |
13/10/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC 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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
13/07/07 |
||
|
Date Charge Registered: |
27/07/07 |
||
|
Date Charge Satisfied: |
24/08/10 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
LANDSBANKI COMMERCIAL FINANCE |
||
|
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 MACHINERYSEE THE MORTGAGECHARGE DOCUMENT
FOR FULL DETAILS |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
|
Peter Drabble |
2 |
6 |
|
|
Adam Antony Maher |
0 |
8 |
|
|
Stephen John William Lord |
1 |
18 |
|
|
Mark Bernard Franckel |
19 |
32 |
|
|
Bin Yuan |
0 |
4 |
|
|
Chunmei Liu |
0 |
3 |
|
|
Ian Robert Emery |
0 |
1 |
|
|
Xilin Sun |
0 |
4 |
|
|
Average Invoice Value |
Ł1103.72 |
||
|
Invoices available |
41 |
||
|
Paid |
41 |
||
|
Outstanding |
0 |
||
|
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
|
|
|
|
|
|
|
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.55 |
|
|
1 |
Rs.100.64 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.