MIRA INFORM REPORT

 

 

Report No. :

345721

Report Date :

19.10.2015

 

IDENTIFICATION DETAILS

 

Name :

CREW CLOTHING CO. LIMITED

 

 

Registered Office :

20 Lydden Roadlondonsw18 4LR

 

 

Country :

United Kingdom

 

 

Financials (as on) :

26.10.2014

 

 

Date of Incorporation :

18.10.1996

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Retail sale of clothing in specialised stores

·         The design and sale of high quality men's and women's clothing and accessories for sale.

 

 

No. of Employee :

401 (26.10.2014)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – 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

 

CREW CLOTHING CO. LIMITED

 

 

Registered Address

 

20 LYDDEN ROADLONDONSW18 4LR

 

 

Company Summary

 

Registered Address

 

20 LYDDEN ROAD
LONDON
SW18 4LR

 

Trading Address

 

44-50 Bridge Street
Chester
Cheshire
CH1 1NQ

 

Website Address                      http://www.crewclothing.co.uk

Telephone Number                  02088752300

Fax Number    

TPS                                          No

FPS                                          No

Incorporation Date                   18/10/1996

Previous Name           

Type                                        Private limited with Share Capital

FTSE Index                              -

Date of Change-

Filing Date of Accounts            17/07/2015

Currency                                  GBP

Share Capital                          £250,000

SIC07                                       47710

Charity Number                       -

SIC07 Description                    RETAIL SALE OF CLOTHING IN SPECIALISED STORES

Principal Activity                     The design and sale of high quality men's and women's clothing and accessories for sale.

47

 

Key Financials

 

Year to Date                 Turnover          Pre Tax Profit              Shareholder    Funds Employees

26/10/2014                    £59,171,904      £719,295                       £9,110,910        401

27/10/2013                    £52,703,275      £886,232                       £8,676,233        381

28/10/2012                    £48,540,924      £3,139,086                    £7,985,635        363

 

 

Mortgage Summary

 

Total Mortgage                        8

Outstanding                 1

Satisfied                      7

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade               3

Total Value of Documented Trade                   £32,608

 

 

Commentary

 

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

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

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

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's bank loans and overdrafts (less cash) account for a moderate percentage of short term liabilities.

This company trades in an industry with a higher level of corporate failures.

 

 

CCJ

 

Total Number of Exact CCJs -

1

Total Value of Exact CCJs -

£203

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

Alastair Peter Parker-Swift

Date of Birth

23/03/1970

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

18/10/1996

 

 

Address

20 Lydden Road, London, SW18 4LR

 

Name

Amy Clare Bastow

Date of Birth

25/12/1973

Officers Title

Ms

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

25/07/2014

 

 

Address

20 Lydden Road, London, SW18 4LR

 

Name

James Justin Hampshire

Date of Birth

25/10/1968

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

14/11/2006

 

 

Address

Ashbourne Brook Street, Cuckfield, West Sussex, RH17 5JJ

 

Name

Louise Barnes

Date of Birth

10/03/1965

Officers Title

Mrs

Nationality

 

Present Appointments

2

Function

Director

Appointment Date

04/08/2014

 

 

Address

20 Lydden Road, London, SW18 4LR

 

 

Current Company Secretary

 

Name

James Justin Hampshire

Date of Birth

25/10/1968

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

14/11/2006

 

 

Address

Ashbourne Ashbourne Brook Street, Cuckfield, Cuckfield, West Sussex, RH17 5JJ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

CREW CLOTHING HOLDINGS LTD

GBP

250,000

ORDINARY

1

100

 

 

Financials

 

PROFIT & LOSS

 

 

Date Of Accounts

26/10/14

(%)

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

53

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£59,171,904

12.3%

£52,703,275

8.6%

£48,540,924

19.3%

£40,678,470

17.4%

£34,638,330

Export

£1,481,981

-1.6%

£1,505,359

121.9%

£678,547

18.9%

£570,700

-

-

Cost of Sales

£26,014,939

15.5%

£22,529,615

19.1%

£18,908,768

22%

£15,501,184

23%

£12,598,552

Gross Profit

£33,156,965

9.9%

£30,173,660

1.8%

£29,632,156

17.7%

£25,177,286

14.2%

£22,039,778

Wages & Salaries

£8,732,561

9.3%

£7,988,745

3.8%

£7,694,282

16.2%

£6,623,979

8.4%

£6,112,575

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

£1,035,158

-13.2%

£1,192,974

-65.3%

£3,440,135

6%

£3,244,009

26.3%

£2,567,878

Depreciation

£2,054,013

2.8%

£1,998,299

13.7%

£1,756,924

35%

£1,301,048

8.6%

£1,197,487

Audit Fees

£27,500

-8.3%

£30,000

5.3%

£28,490

10%

£25,900

4.6%

£24,750

Interest Payments

£315,863

3%

£306,742

1.9%

£301,049

999.9%

£2,254

-54.9%

£5,003

Pre Tax Profit

£719,295

-18.8%

£886,232

-71.8%

£3,139,086

-3.2%

£3,241,777

26.5%

£2,562,949

Taxation

-£284,618

-45.5%

-£195,634

75.1%

-£785,079

10.2%

-£873,984

-34%

-£652,183

Profit After Tax

£434,677

-37.1%

£690,598

-70.7%

£2,354,007

-0.6%

£2,367,793

23.9%

£1,910,766

Dividends Payable

-

-

-

-100%

£2,615,363

-

-

-

-

Retained Profit

£434,677

-37.1%

£690,598

364.2%

-£261,356

-111%

£2,367,793

23.9%

£1,910,766

 

 

BALANCE SHEET

 

Date Of Accounts

26/10/14

(%)

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

Tangible Assets

£5,116,454

-19.2%

£6,331,039

19.2%

£5,309,338

14.4%

£4,640,711

57%

£2,956,398

Intangible Assets

£1

-

£1

-

£1

-

£1

-

£1

Total Fixed Assets

£5,116,455

-19.2%

£6,331,040

19.2%

£5,309,339

14.4%

£4,640,712

57%

£2,956,399

Stock

£8,618,159

-15.6%

£10,208,673

23.7%

£8,253,836

26.6%

£6,520,820

63.9%

£3,979,608

Trade Debtors

£2,682,176

20.1%

£2,233,764

-18.6%

£2,744,345

96.1%

£1,399,667

37.1%

£1,021,268

Cash

£1,919,832

-38.4%

£3,118,295

112.4%

£1,468,113

4.5%

£1,405,432

-26.2%

£1,904,568

Other Debtors

£4,565,663

-17.8%

£5,555,150

6.9%

£5,196,621

47.4%

£3,525,930

123.6%

£1,577,200

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£17,785,830

-15.8%

£21,115,882

19.5%

£17,662,915

37.4%

£12,851,849

51.5%

£8,482,644

Trade Creditors

£4,754,988

-31.2%

£6,914,839

60.4%

£4,311,776

-11.5%

£4,870,287

128.8%

£2,129,066

Bank Loans & Overdrafts

£2,648,025

-4.5%

£2,773,762

65.1%

£1,680,068

242%

£491,289

543.8%

£76,309

Other Short Term Finance

0

-

0

-

0

-

0

-100%

£52,576

Miscellaneous Current Liabilities

£3,164,387

-22.6%

£4,087,419

27.6%

£3,203,584

74.1%

£1,840,330

-1.3%

£1,864,173

Total Current Liabilities

£10,567,400

-23.3%

£13,776,020

49.8%

£9,195,428

27.7%

£7,201,906

74.7%

£4,122,124

Bank Loans & Overdrafts and LTL

£5,872,000

-24.4%

£7,768,431

4%

£7,471,259

194.7%

£2,534,953

67.4%

£1,514,030

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£3,223,975

-35.5%

£4,994,669

-13.8%

£5,791,191

183.4%

£2,043,664

42.1%

£1,437,721

.

 

CAPITAL & RESERVES

 

Date Of Accounts

26/10/14

(%)

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

Called Up Share Capital

£250,000

-

£250,000

-

£250,000

-

£250,000

-

£250,000

P & L Account Reserve

£8,860,910

5.2%

£8,426,233

8.9%

£7,735,635

-3.3%

£7,996,991

42.1%

£5,629,198

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£9,110,910

5%

£8,676,233

8.6%

£7,985,635

-3.2%

£8,246,991

40.3%

£5,879,198

 

 

OTHER FINANCIAL ITEMS

 

Date Of Accounts

26/10/14

(%)

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

Net Worth

£9,110,909

5%

£8,676,232

8.6%

£7,985,634

-3.2%

£8,246,990

40.3%

£5,879,197

Working Capital

£7,218,430

-1.7%

£7,339,862

-13.3%

£8,467,487

49.9%

£5,649,943

29.6%

£4,360,520

Total Assets

£22,902,285

-16.6%

£27,446,922

19.5%

£22,972,254

31.3%

£17,492,561

52.9%

£11,439,043

Total Liabilities

£13,791,375

-26.5%

£18,770,689

25.2%

£14,986,619

62.1%

£9,245,570

66.3%

£5,559,845

Net Assets

£9,110,910

5%

£8,676,233

8.6%

£7,985,635

-3.2%

£8,246,991

40.3%

£5,879,198

 

CASH FLOW

 

Date Of Accounts

26/10/14

(%)

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

MISCELLANEOUS

 

Date Of Accounts

26/10/14

(%)

27/10/13

(%)

28/10/12

(%)

30/10/11

(%)

31/10/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£12,334,885

-9.8%

£13,670,902

-0.8%

£13,776,826

33.9%

£10,290,655

40.6%

£7,316,919

Number of Employees

401

5.2%

381

5%

363

16.7%

311

9.5%

284

Accountants

 

Auditors

BDO LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

LLOYDS TSB BANK PLC

Bank Branch Code

30-00-02

 

Ratios

 

Date Of Accounts

26/10/14

27/10/13

28/10/12

30/10/11

31/10/10

Pre-tax profit margin %

1.22

1.68

6.47

7.97

7.40

Current ratio

1.68

1.53

1.92

1.78

2.06

Sales/Net Working Capital

8.20

7.18

5.73

7.20

7.94

Gearing %

64.50

89.50

93.60

30.70

25.80

Equity in %

39.80

31.60

34.80

47.10

51.40

Creditor Days

29.25

47.75

32.33

43.58

22.80

Debtor Days

16.49

15.42

20.57

12.52

10.93

Liquidity/Acid Test

0.86

0.79

1.02

0.87

1.09

Return On Capital Employed %

5.83

6.48

22.78

31.50

35.02

Return On Total Assets Employed %

3.14

3.22

13.66

18.53

22.40

Current Debt Ratio

1.15

1.58

1.15

0.87

0.70

Total Debt Ratio

1.51

2.16

1.87

1.12

0.94

Stock Turnover Ratio %

14.56

19.37

17

16.03

11.48

Return on Net Assets Employed %

7.89

10.21

39.30

39.30

43.59

 

REPORT NOTES

 

There are no notes to display.

 

STATUS HISTORY

 

No Status History found

 

EVENT HISTORY

 

Date

Description

25/07/2015

New Accounts Filed

25/07/2015

New Accounts Filed

07/11/2014

Annual Returns

13/10/2014

New Board Member Mrs L. Barnes appointed

10/10/2014

New Board Member Ms A.C. Bastow appointed

08/08/2014

New Accounts Filed

08/08/2014

New Accounts Filed

28/07/2014

Ms O.K. Morley has left the board

02/11/2013

Annual Returns

08/04/2013

New Accounts Filed

08/04/2013

New Accounts Filed

21/11/2012

Annual Returns

24/02/2012

New Accounts Filed

09/01/2012

Annual Returns

23/02/2011

New Accounts Filed

 

 

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

CREW CLOTHING HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

CREW CLOTHING HOLDINGS LIMITED

 

 

Group Structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

 CREW CLOTHING HOLDINGS L...

05848071

26.10.2014

Y

£59,171,904

 CREW CLOTHING CO. LIMITED

03265824

26.10.2014

N

£59,171,904

 

 

Exact CCJ Details

 

Date

Court

Amount

Status

Case Number

Date Paid

07/08/2013

NORTHAMPTON CCBC

£203

Judgment

3QL66743

-

 

 

Possible CCJs Details

 

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

 

There are no possible CCJ details

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

31/05/12

 

 

Date Charge Registered:

02/06/12

 

 

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:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXEDPLANT & MACHINERY. SEE IMAGE FOR FULL DETAILS

Mortgage Type:

MORTGAGE OF LIFE POLICY TO SECURE OWN LIABILITIES

Date Charge Created:

29/04/10

 

 

Date Charge Registered:

06/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC;

Amount Secured:

 

Details:

ALL MONEY, INCLUDING BONUSES, THE BENEFIT OF ALL OPTIONS AND RIGHTS, ALL THE RIGHTS, TITLE AND INTEREST IN AND TO THE POLICY, SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

MORTGAGE OF LIFE POLICY TO SECURE OWN LIABILITIES

Date Charge Created:

14/04/10

 

 

Date Charge Registered:

06/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC;

Amount Secured:

 

Details:

ALL MONEY INCLUDING BONUSES THAT HAS ACCRUED OR MAY BECOME PAYABLE UNDER THE POLICY ISSUED BY AEGON SCOTTISH EQUITABLE WITH POLICY NUMBER L0199000243 IN RELATION TO ALASTAIR PETER PARKER-SWIFT AND THE BENEFIT OF ALL OPTIONS AND RIGHTS SEE IMAGE FOR FULL DETAILS

Mortgage Type:

AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT

Date Charge Created:

14/11/06

 

 

Date Charge Registered:

06/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC;

Amount Secured:

 

Details:

ANY SUM OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY ONE OR MORE OFANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIES OR ANY OF THEM WITH THE BANK WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

 

Mortgage Type:

DEBENTURE

Date Charge Created:

14/11/06

 

 

Date Charge Registered:

06/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB 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

Mortgage Type:

DEBENTURE

Date Charge Created:

24/01/03

 

 

Date Charge Registered:

30/01/03

 

 

Date Charge Satisfied:

24/11/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BARCLAYS 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

 

Mortgage Type:

DEPOSIT AGREEMENT

Date Charge Created:

02/11/01

 

 

Date Charge Registered:

07/11/01

 

 

Date Charge Satisfied:

31/07/04

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

MICHAEL SHANLY INVESTMENTS LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LEASE

Details:

£9,987.50

Mortgage Type:

DEBENTURE

Date Charge Created:

15/12/99

 

 

Date Charge Registered:

04/01/00

 

 

Date Charge Satisfied:

31/07/04

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB 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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

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

3

£32,608

Company Name

Amount

Statement Date

Fred's Clothing Limited

£15,762

23/01/2012

Jacqui Brook Limited

£8,917

18/09/2013

Simply Mee Ltd

£7,929

15/03/2012

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Diana Marion Parker-Swift

3

2

Alastair Peter Parker-Swift

3

1

Simon Hudson

1

1

Octavia Kate Morley

3

5

James Marcel Pascoe

2

1

Luke Sanger Underhill

2

1

SWIFT INCORPORATIONS LIMITED

2579

263489

Robert Stephen Parker Swift

1

2

Average Invoice Value

Ł1626.34

Invoices available

607

Paid

594

Outstanding

13

 

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

100

413

51

20

10

Outstanding

0

0

0

0

13

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.97

UK Pound

1

Rs.100.55

Euro

1

Rs.73.99

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

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.