MIRA INFORM REPORT
|
Report No. : |
347790 |
|
Report Date : |
29.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIDDHARTH JEWELLERY (U.K.) LIMITED |
|
|
|
|
Registered Office : |
1 Oxhey Ridge Close Northwood Middlesex HA6 2Juha6 3JU |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
08.04.2004 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Watches and Jewellery |
|
|
|
|
No. of Employees : |
2 (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 and Address
SIDDHARTH JEWELLERY (U.K.) LIMITED
1 OXHEY RIDGE CLOSENORTHWOODMIDDLESEX
HA6 2JUHA6 3JU
Company
No.
05099284
Company
Status
Active - Accounts Filed
Company
Summary
Registered
Address 1 OXHEY RIDGE
CLOSE
NORTHWOOD
MIDDLESEX HA6 2JU
HA6 3JU
Trading
Address 1 Oxhey
Ridge Close
Northwood
Middlesex
HA6 3JU
Website Address http://www.siddharthjewellery.com
Telephone Number -
Fax Number
TPS -
FPS No
Incorporation Date 08/04/2004
Previous Name
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 12/12/2014
Currency GBP
Share Capital £200,000
SIC07 46480
Charity Number -
SIC07 Description WHOLESALE
OF WATCHES AND JEWELLERY
Principal Activity Wholesalers
of gold jewellery.
Key
Financials
Year to Date Turnover Pre Tax Profit Shareholder Funds
Employees
31/03/2014 £12,466,750 £89,702 £998,702 2
31/03/2013 £11,833,965 £217,623 £1,154,604 2
31/03/2012 £13,354,015 £493,805 £1,066,505 2
Mortgage
Summary
Total Mortgage 3
Outstanding 3
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
relatively efficient use of assets. |
|
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 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 |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
5 |
Current
Directors
|
Name |
Rajan Kohli |
Date of Birth |
26/12/1962 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
08/04/2004 |
||
|
Address |
1 Oxhey Ridge Close, Northwood, Middlesex, HA6 3JU |
||
|
Name |
Neelja Kohli |
Date of Birth |
26/01/1964 |
|
Officers Title |
Nationality |
Indian |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
18/03/2005 |
||
|
Address |
1 Oxhey Ridge Close, Northwood, Middlesex, HA6 3JU |
||
Current
Company Secretary
|
Name |
Neelja Kohli |
Date of Birth |
26/01/1964 |
|
Officers Title |
Nationality |
Indian |
|
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
18/03/2005 |
||
|
Address |
1 Oxhey Ridge Close, Northwood, Middlesex, HA6 3JU |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MR RAJAN KOHLI & MRS NEELJA KOHLI |
GBP |
200,000 |
ORDINARY |
1 |
100 |
Profit
& Loss
|
Date Of
Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£12,466,750 |
5.3% |
£11,833,965 |
-11.4% |
£13,354,015 |
9.5% |
£12,200,779 |
32.1% |
£9,235,048 |
|
|
Export |
- |
- |
- |
- |
- |
- |
£191,690 |
- |
- |
|
|
Cost of Sales |
£12,187,062 |
7.6% |
£11,325,963 |
-11% |
£12,724,686 |
7.5% |
£11,833,829 |
35.5% |
£8,732,942 |
|
|
Gross Profit |
£279,688 |
-44.9% |
£508,002 |
-19.3% |
£629,329 |
71.5% |
£366,950 |
-26.9% |
£502,106 |
|
|
Wages & Salaries |
£38,844 |
-0.1% |
£38,901 |
-0.3% |
£39,016 |
-0.3% |
£39,145 |
-15.8% |
£46,478 |
|
|
Directors Emoluments |
£36,000 |
- |
£36,000 |
- |
£36,000 |
- |
£36,000 |
- |
£36,000 |
|
|
Operating Profit |
£41,534 |
-82.3% |
£235,049 |
-54.2% |
£512,907 |
2.8% |
£498,853 |
4.2% |
£478,812 |
|
|
Depreciation |
£2,447 |
-10.8% |
£2,743 |
-15% |
£3,227 |
-10.1% |
£3,588 |
10.4% |
£3,251 |
|
|
Audit Fees |
£2,500 |
- |
£2,500 |
- |
£2,500 |
-25.4% |
£3,350 |
- |
£3,350 |
|
|
Interest Payments |
£48,168 |
176.4% |
£17,426 |
-8.8% |
£19,104 |
8.9% |
£17,550 |
-17.4% |
£21,237 |
|
|
Pre Tax Profit |
£89,702 |
-58.8% |
£217,623 |
-55.9% |
£493,805 |
2.6% |
£481,303 |
5.1% |
£457,898 |
|
|
Taxation |
-£17,940 |
58.8% |
-£43,524 |
61.6% |
-£113,238 |
3% |
-£116,732 |
-724.2% |
-£14,163 |
|
|
Profit After Tax |
£71,762 |
-58.8% |
£174,099 |
-54.3% |
£380,567 |
4.4% |
£364,571 |
-17.8% |
£443,735 |
|
|
Dividends Payable |
£84,140 |
-2.2% |
£86,000 |
43.3% |
£60,000 |
25% |
£48,000 |
6.7% |
£45,000 |
|
|
Retained Profit |
-£12,378 |
-114.1% |
£88,099 |
-72.5% |
£320,567 |
1.3% |
£316,571 |
-20.6% |
£398,735 |
%20LIMITED%20-%20347790%2029-Oct-2015_files/image006.gif){kind=small}
Balance
Sheet
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
|
Tangible Assets |
£1,368,333 |
-0.1% |
£1,370,009 |
-0.2% |
£1,372,752 |
-0.1% |
£1,374,800 |
0.1% |
£1,372,888 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£1,368,333 |
-0.1% |
£1,370,009 |
-0.2% |
£1,372,752 |
-0.1% |
£1,374,800 |
0.1% |
£1,372,888 |
|
|
Stock |
£123,000 |
-59.3% |
£302,000 |
-14.6% |
£353,800 |
-20.3% |
£444,094 |
298.1% |
£111,543 |
|
|
Trade Debtors |
£4,260,642 |
6.2% |
£4,011,781 |
3.2% |
£3,886,131 |
4.6% |
£3,715,393 |
47.2% |
£2,524,240 |
|
|
Cash |
£1,858,342 |
999.9% |
£41,518 |
224.6% |
£12,792 |
-84.5% |
£82,377 |
-35.4% |
£127,491 |
|
|
Other Debtors |
£273,864 |
999.9% |
£6,633 |
-61.4% |
£17,188 |
223.2% |
£5,318 |
-23.8% |
£6,976 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£6,515,848 |
49.4% |
£4,361,932 |
2.2% |
£4,269,911 |
0.5% |
£4,247,182 |
53.3% |
£2,770,250 |
|
|
Trade Creditors |
£1,642,627 |
-8.5% |
£1,795,648 |
-11.9% |
£2,037,570 |
-28.1% |
£2,832,577 |
11.1% |
£2,549,032 |
|
|
Bank Loans & Overdrafts |
£2,036,995 |
999.9% |
£140,956 |
-36.1% |
£220,730 |
37.2% |
£160,826 |
76.8% |
£90,974 |
|
|
Other Short Term Finance |
£2,420,377 |
24.9% |
£1,937,377 |
26.5% |
£1,531,187 |
92% |
£797,604 |
488.5% |
£135,535 |
|
|
Miscellaneous Current Liabilities |
£74,747 |
-39.5% |
£123,577 |
-4.7% |
£129,644 |
-63.2% |
£352,241 |
165.8% |
£132,500 |
|
|
Total Current Liabilities |
£6,174,746 |
54.5% |
£3,997,558 |
2% |
£3,919,131 |
-5.4% |
£4,143,248 |
42.5% |
£2,908,041 |
|
|
Bank Loans & Overdrafts and LTL |
£2,747,728 |
281.2% |
£720,735 |
-17.9% |
£877,757 |
-1.8% |
£893,622 |
-0.3% |
£896,704 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£710,733 |
22.6% |
£579,779 |
-11.8% |
£657,027 |
-10.3% |
£732,796 |
-9.1% |
£805,730 |
Capital
& Reserves
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
|
Called Up Share Capital |
£200,000 |
- |
£200,000 |
- |
£200,000 |
- |
£200,000 |
- |
£200,000 |
|
|
P & L Account Reserve |
£798,702 |
-16.3% |
£954,604 |
10.2% |
£866,505 |
58.7% |
£545,938 |
138% |
£229,367 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£998,702 |
-13.5% |
£1,154,604 |
8.3% |
£1,066,505 |
43% |
£745,938 |
73.7% |
£429,367 |
Other
Financial Items
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
|
Net Worth |
£998,702 |
-13.5% |
£1,154,604 |
8.3% |
£1,066,505 |
43% |
£745,938 |
73.7% |
£429,367 |
|
|
Working Capital |
£341,102 |
-6.4% |
£364,374 |
3.9% |
£350,780 |
237.5% |
£103,934 |
175.4% |
-£137,791 |
|
|
Total Assets |
£7,884,181 |
37.5% |
£5,731,941 |
1.6% |
£5,642,663 |
0.4% |
£5,621,982 |
35.7% |
£4,143,138 |
|
|
Total Liabilities |
£6,885,479 |
50.4% |
£4,577,337 |
0% |
£4,576,158 |
-6.2% |
£4,876,044 |
31.3% |
£3,713,771 |
|
|
Net Assets |
£998,702 |
-13.5% |
£1,154,604 |
8.3% |
£1,066,505 |
43% |
£745,938 |
73.7% |
£429,367 |
Cash
Flow
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
|
Net Cashflow from Operations |
-£466,044 |
-999.9% |
-£7,839 |
98.7% |
-£611,906 |
13.2% |
-£705,090 |
-255.5% |
£453,346 |
|
|
Net Cashflow before Financing |
-£643,143 |
-185.8% |
-£225,023 |
72.2% |
-£808,421 |
-2.7% |
-£786,919 |
-287.1% |
£420,479 |
|
|
Net Cashflow from Financing |
£181,086 |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
-£462,057 |
-105.3% |
-£225,023 |
72.2% |
-£808,421 |
-2.7% |
-£786,919 |
-287.1% |
£420,479 |
Miscellaneous
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£1,709,435 |
-1.4% |
£1,734,383 |
0.6% |
£1,723,532 |
16.6% |
£1,478,734 |
19.7% |
£1,235,097 |
|
|
Number of Employees |
2 |
- |
2 |
- |
2 |
- |
2 |
- |
2 |
|
Accountants |
||||||||||
|
Auditors |
AMEY KAMP LLP |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
NATIONAL WESTMINSTER BANK PLC |
|||||||||
|
Bank Branch Code |
||||||||||
Ratios
|
Date Of Accounts |
31/03/14 |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
|
|
|
Pre-tax profit margin % |
0.72 |
1.84 |
3.70 |
3.94 |
4.96 |
|
|
Current ratio |
1.06 |
1.09 |
1.09 |
1.03 |
0.95 |
|
|
Sales/Net Working Capital |
36.55 |
32.48 |
38.07 |
117.39 |
-67.02 |
|
|
Gearing % |
275.10 |
62.40 |
82.30 |
119.80 |
208.80 |
|
|
Equity in % |
12.70 |
20.10 |
18.90 |
13.30 |
10.40 |
|
|
Creditor Days |
47.96 |
55.23 |
55.53 |
84.50 |
100.47 |
|
|
Debtor Days |
124.40 |
123.39 |
105.92 |
110.84 |
99.49 |
|
|
Liquidity/Acid Test |
1.03 |
1.01 |
0.99 |
0.91 |
0.91 |
|
|
Return On Capital Employed % |
5.24 |
12.54 |
28.65 |
32.54 |
37.07 |
|
|
Return On Total Assets Employed % |
1.13 |
3.79 |
8.75 |
8.56 |
11.05 |
|
|
Current Debt Ratio |
6.18 |
3.46 |
3.67 |
5.55 |
6.77 |
|
|
Total Debt Ratio |
6.89 |
3.96 |
4.29 |
6.53 |
8.64 |
|
|
Stock Turnover Ratio % |
0.98 |
2.55 |
2.64 |
3.63 |
1.20 |
|
|
Return on Net Assets Employed % |
8.98 |
18.84 |
46.30 |
64.52 |
106.64 |
Report
Notes
|
There are no notes to display. |
Status
History
|
No Status History found |
Event History
|
Date |
Description |
|
26/06/2015 |
Annual Returns |
|
24/12/2014 |
New Accounts Filed |
|
24/12/2014 |
New Accounts Filed |
|
06/05/2014 |
Annual Returns |
|
03/08/2013 |
New Accounts Filed |
|
03/08/2013 |
New Accounts Filed |
|
29/04/2013 |
Annual Returns |
|
28/06/2012 |
New Accounts Filed |
|
28/06/2012 |
New Accounts Filed |
|
23/04/2012 |
Annual Returns |
|
20/04/2012 |
Change in Reg.Office |
|
20/04/2012 |
Change of Company Postcode |
|
18/07/2011 |
New Accounts Filed |
|
20/05/2011 |
Annual Returns |
|
25/06/2010 |
Annual Returns |
Previous Company Names
|
No Previous Names found |
Writ
Details
|
No writs found |
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group
Structure Full
No Group Structure
Mortgage
Details
|
Mortgage Type: |
ALL ASSETS DEBENTURE |
||
|
Date Charge Created: |
30/06/10 |
||
|
Date Charge Registered: |
06/07/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
RBS INVOICE FINANCE LIMITED |
||
|
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 SEE IMAGEFOR FULL
DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
25/06/08 |
||
|
Date Charge Registered: |
02/07/08 |
||
|
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: |
F/H 1 OXHEY RIDGE CLOSE NORTHWOOD T/NO HD196848; BY WAY OF FIXED
CHARGE, THE BENEFIT OF ALL COVENANTS & RIGHTS CONCERNING THE PROPERTY
& ALL PLANT MACHINERY, FIXTURES, FITTINGS, FURNITURE,
EQUIPMENT,IMPLEMENTS & UTENSILS. THE GOODWILL OF ANY BUSINESS CARRIED ON
AT THE PROPERTY & THE PROCEEDS OF ANYINSURANCE AFFECTING THE PROPERTY OR
ASSETS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
06/01/06 |
||
|
Date Charge Registered: |
18/01/06 |
||
|
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: |
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 |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Ramesh Morarji Dhanak |
3 |
1 |
|
Umed Morarji Dhanak |
0 |
4 |
|
Umed Morarji Dhanak |
0 |
4 |
|
Omparkash Verma |
0 |
1 |
|
INCORPORATE SECRETARIAT LIMITED |
650 |
17902 |
|
Average Invoice Value |
Ł300 |
|
|
Invoices available |
1 |
|
|
Paid |
1 |
|
|
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 |
0 |
1 |
0 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.04 |
|
UK Pound |
1 |
Rs.99.58 |
|
Euro |
1 |
Rs.71.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
TRU |
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.