MIRA INFORM REPORT

 

 

Report No. :

339092

Report Date :

02.09.2015

           

IDENTIFICATION DETAILS

 

Name :

YOURS CLOTHING LIMITED

 

 

Formerly Known As :

SIZE UP CLOTHING STORES LIMITED

 

 

Registered Office :

Unit B, Finmere Park, Southgateorton Southgatepeterboroughpe2 6YG

 

 

Country :

United Kingdom

 

 

Financials (as on) :

02.02.2014

 

 

Date of Incorporation :

11.01.1994

 

 

Com. Reg. No.:

02886196

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Retail Sale of Clothing in Specialised Stores.

 

 

No. of Employee :

445

 

 

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 :

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.

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. 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 became a net importer of energy in 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. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, 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; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

 

Source : CIA

 

Company Summary

 

Registered Address

UNIT B, FINMERE PARK, SOUTHGATE ORTON SOUTHGATE
PETERBOROUGH
PE2 6YG

Trading Address

 

Unit B, Finmere Park, Southgate Orton Southgate
Peterborough
PE2 6YG PE2 6YG

Website Address

http://www.yoursclothing.co.uk

 

 

Telephone Number

--

Fax Number

--

TPS

--

 

 

Incorporation Date

11/01/1994

 

 

Previous Name

SIZE UP CLOTHING STORES LIMITED

Type

Private limited with Share Capital

FTSE Index

--

Date of Change

22/06/2012

Filing Date of Accounts

29/08/2014

Currency

GBP

Share Capital

£200

SIC07

47710

Charity Number

--

 

 

SIC07 Description

RETAIL SALE OF CLOTHING IN SPECIALISED STORES

Principal Activity

Clothing retail.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

02/02/2014

£32,098,001

£2,267,773

£3,744,848

445

03/02/2013

£27,033,652

£1,847,554

£1,969,570

426

29/01/2012

£23,458,585

£25,194

£688,297

338

 

 

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 highly 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.

The company has more cash than short term bank borrowings.

This company trades in an industry with a higher 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

5

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

4

 

 

Current Directors

 

Name

Andrew Robert Killingsworth

Date of Birth

10/02/1962

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

01/11/1997

Address

Rutland House Minerva Business Park, Lynch Wood, Peterborough, PE2 6PZ

 

Name

Saeed Hatteea

Date of Birth

02/02/1950

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/02/2013

Address

152 Coleherne Court, Recliffe Gardens, London, SW5 0DY

 

Name

Richard James Thurlow

Date of Birth

17/02/1955

Officers Title

Mr

Nationality

British

Present Appointments

11

Function

Director

Appointment Date

20/08/2012

Address

Rutland House Minerva Business Park, Lynch Wood, Peterborough, PE2 6PZ

 

Name

Deborah Amanda Torr

Date of Birth

06/01/1964

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

20/07/2012

Address

Unit B, Finmere Park, Southgate Road Orton Southga, Peterborough, PE2 6YG

 

Name

Resham Singh Dorka

Date of Birth

10/08/1968

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/02/2014

Address

16 Rushdale Avenue Littleover, Derby, DE23 1HY

 

 

Current Company Secretary

 

Name

David James Preece

Date of Birth

23/08/1956

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Company Secretary

Appointment Date

06/07/2000

Address

Rutland House Minerva Business Park, Lynch Wood, Peterborough, PE2 6PZ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

A K RETAIL HOLDINGS LTD

GBP

200

ORDINARY

1

100

 

 

Profit & Loss

 

Date Of Accounts

02/02/14

(%)

03/02/13

(%)

29/01/12

(%)

31/01/11

(%)

31/01/10

Weeks

52

(%)

53

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

barchart-grey

Turnover

£32,098,001

18.7%

£27,033,652

15.2%

£23,458,585

11.3%

£21,084,247

44.5%

£14,595,959

barchart-grey

Export

-

-

-

-

-

-

-

-

-

barchart-grey

Cost of Sales

£14,217,910

16.1%

£12,243,654

4.8%

£11,678,413

11.2%

£10,500,947

61.9%

£6,484,736

barchart-grey

Gross Profit

£17,880,091

20.9%

£14,789,998

25.5%

£11,780,172

11.3%

£10,583,300

30.5%

£8,111,223

barchart-grey

Wages & Salaries

£5,733,467

28.4%

£4,465,730

9.7%

£4,070,626

14.5%

£3,556,072

36.1%

£2,613,439

barchart-grey

Directors Emoluments

£309,493

543.9%

£48,069

-

-

-

-

-

-

barchart-grey

Operating Profit

£2,280,683

22.5%

£1,861,260

999.9%

£56,302

-85.2%

£380,723

-1%

£384,594

barchart-grey

Depreciation

£301,498

3.3%

£291,737

-24.8%

£388,067

-10.8%

£435,091

82.3%

£238,609

barchart-grey

Audit Fees

-

-

-

-

£11,500

-6.1%

£12,250

0.4%

£12,200

barchart-grey

Interest Payments

£12,910

-5.8%

£13,706

-55.9%

£31,108

999.9%

£2,683

-48.7%

£5,225

barchart-grey

Pre Tax Profit

£2,267,773

22.7%

£1,847,554

999.9%

£25,194

-93.3%

£378,152

-0.3%

£379,450

barchart-grey

Taxation

-£492,495

13%

-£566,281

-933.3%

-£54,804

72.9%

-£202,356

-51.1%

-£133,895

barchart-grey

Profit After Tax

£1,775,278

38.6%

£1,281,273

999.9%

-£29,610

-116.8%

£175,796

-28.4%

£245,555

barchart-grey

Dividends Payable

-

-

-

-100%

£250,000

-

-

-

-

barchart-grey

Retained Profit

£1,775,278

38.6%

£1,281,273

558.2%

-£279,610

-259.1%

£175,796

-28.4%

£245,555

 

 

Balance Sheet

 

Date Of Accounts

02/02/14

(%)

03/02/13

(%)

29/01/12

(%)

31/01/11

(%)

31/01/10

barchart-grey

Tangible Assets

£2,140,289

35.5%

£1,579,518

19.4%

£1,323,234

-4.3%

£1,382,621

42.6%

£969,576

barchart-grey

Intangible Assets

£229,600

-18.2%

£280,533

-19.7%

£349,333

162%

£133,333

-

0

barchart-grey

Total Fixed Assets

£2,369,889

27.4%

£1,860,051

11.2%

£1,672,567

10.3%

£1,515,954

56.4%

£969,576

barchart-grey

Stock

£5,243,400

99.8%

£2,623,722

1.1%

£2,595,992

6.2%

£2,444,404

57.2%

£1,555,338

barchart-grey

Trade Debtors

0

-

0

-

0

-

0

-

0

barchart-grey

Cash

£268,292

-61.8%

£702,633

999.9%

£61,802

180.7%

£22,018

-62.6%

£58,867

barchart-grey

Other Debtors

£1,863,690

49.2%

£1,249,054

48.9%

£838,674

-5%

£883,011

99.7%

£442,129

barchart-grey

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Assets

£7,375,382

61.2%

£4,575,409

30.9%

£3,496,468

4.4%

£3,349,433

62.9%

£2,056,334

barchart-grey

Trade Creditors

£3,408,202

110.2%

£1,621,130

-5.3%

£1,712,575

-16.4%

£2,047,656

138.7%

£857,909

barchart-grey

Bank Loans & Overdrafts

£121,820

43.6%

£84,857

-83.1%

£502,544

889.8%

£50,770

-51.3%

£104,228

barchart-grey

Other Short Term Finance

£112,301

-68%

£350,742

-29.6%

£497,957

2.6%

£485,458

131.3%

£209,847

barchart-grey

Miscellaneous Current Liabilities

£1,968,281

-9.1%

£2,165,599

40.7%

£1,539,269

47.2%

£1,045,454

35.1%

£773,636

barchart-grey

Total Current Liabilities

£5,610,604

32.9%

£4,222,328

-0.7%

£4,252,345

17.2%

£3,629,338

86.5%

£1,945,620

barchart-grey

Bank Loans & Overdrafts and LTL

£511,639

55.8%

£328,419

-55.1%

£730,937

129.2%

£318,912

-18.7%

£392,407

barchart-grey

Other Long Term Finance

0

-

0

-100%

£26,298

-56.2%

£60,021

103%

£29,571

barchart-grey

Total Long Term Liabilities

£389,819

60%

£243,562

6.6%

£228,393

-14.8%

£268,142

-7%

£288,179

 

 

Capital & Reserves

 

Date Of Accounts

02/02/14

(%)

03/02/13

(%)

29/01/12

(%)

31/01/11

(%)

31/01/10

barchart-grey

Called Up Share Capital

£200

-

£200

-

£200

-

£200

-

£200

barchart-grey

P & L Account Reserve

£3,744,648

90.1%

£1,969,370

186.2%

£688,097

-28.9%

£967,707

22.2%

£791,911

barchart-grey

Revaluation Reserve

-

-

-

-

-

-

-

-

-

barchart-grey

Sundry Reserves

-

-

-

-

-

-

-

-

-

barchart-grey

Shareholder Funds

£3,744,848

90.1%

£1,969,570

186.2%

£688,297

-28.9%

£967,907

22.2%

£792,111

 

 

Other Financial Items

 

Date Of Accounts

02/02/14

(%)

03/02/13

(%)

29/01/12

(%)

31/01/11

(%)

31/01/10

barchart-grey

Net Worth

£3,515,248

108.1%

£1,689,037

398.3%

£338,964

-59.4%

£834,574

5.4%

£792,111

barchart-grey

Working Capital

£1,764,778

399.8%

£353,081

146.7%

-£755,877

-170%

-£279,905

-352.8%

£110,714

barchart-grey

Total Assets

£9,745,271

51.4%

£6,435,460

24.5%

£5,169,035

6.2%

£4,865,387

60.8%

£3,025,910

barchart-grey

Total Liabilities

£6,000,423

34.4%

£4,465,890

-0.3%

£4,480,738

15%

£3,897,480

74.5%

£2,233,799

barchart-grey

Net Assets

£3,744,848

90.1%

£1,969,570

186.2%

£688,297

-28.9%

£967,907

22.2%

£792,111

 

 

Cash Flow

 

Date Of Accounts

02/02/14

(%)

03/02/13

(%)

29/01/12

(%)

31/01/11

(%)

31/01/10

barchart-grey

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

barchart-grey

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

barchart-grey

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

barchart-grey

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

02/02/14

(%)

03/02/13

(%)

29/01/12

(%)

31/01/11

(%)

31/01/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

barchart-grey

Capital Employed

£4,134,667

86.8%

£2,213,132

141.4%

£916,690

-25.8%

£1,236,049

14.4%

£1,080,290

barchart-grey

Number of Employees

445

4.5%

426

26%

338

7%

316

23%

257

 

Auditors

ENSORS

Auditor Comments

The audit report contains no adverse comments

Bankers

BARCLAYS BANK PLC

Bank Branch Code

20-67-40

 

 

Ratios

 

Date Of Accounts

02/02/14

03/02/13

29/01/12

31/01/11

31/01/10

barchart-grey

Pre-tax profit margin %

7.07

6.83

0.11

1.79

2.60

barchart-grey

Current ratio

1.31

1.08

0.82

0.92

1.06

barchart-grey

Sales/Net Working Capital

18.19

76.57

-31.03

-75.33

131.83

barchart-grey

Gearing %

13.70

16.70

106.20

32.90

49.50

barchart-grey

Equity in %

39.40

32

14.30

20.50

26.20

barchart-grey

Creditor Days

38.64

22.24

26.57

35.35

21.39

barchart-grey

Debtor Days

-

-

-

-

-

barchart-grey

Liquidity/Acid Test

0.37

0.46

0.21

0.24

0.25

barchart-grey

Return On Capital Employed %

54.84

83.48

2.74

30.59

35.12

barchart-grey

Return On Total Assets Employed %

23.27

28.70

0.48

7.77

12.54

barchart-grey

Current Debt Ratio

1.49

2.14

6.17

3.74

2.45

barchart-grey

Total Debt Ratio

1.60

2.26

6.50

4.02

2.82

barchart-grey

Stock Turnover Ratio %

16.33

9.70

11.06

11.59

10.65

barchart-grey

Return on Net Assets Employed %

60.55

93.80

3.66

39.06

47.90

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

20/01/2015

Annual Returns

10/09/2014

New Accounts Filed

10/09/2014

New Accounts Filed

25/07/2014

Change in Reg.Office

25/07/2014

Change of Company Postcode

17/03/2014

New Board Member Mr R.S. Dorka appointed

17/01/2014

Annual Returns

17/09/2013

New Accounts Filed

17/09/2013

New Accounts Filed

26/06/2013

New Board Member Mr S. Hatteea appointed

29/01/2013

Annual Returns

19/01/2013

New Accounts Filed

19/01/2013

New Accounts Filed

24/08/2012

New Board Member Mr R.J. Thurlow appointed

01/08/2012

New Board Member Ms D.A. Torr appointed

 

 

Previous Company Names

 

Date

Previous Name

22/06/2012

SIZE UP CLOTHING STORES LIMITED

04/10/2001

BREAKERS CLOTHING COMPANY LIMITED

10/03/1995

HALEPASS LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

3 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

AK RETAIL HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

AK RETAIL HOLDINGS LIMITED

 

 

Group structure Full

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

tminus AK RETAIL HOLDINGS LIMITED

05150258

02.02.2014

Y

£32,098,000

T ARK CLOTHING LIMITED

06400811

31.01.2014

N

L YOURS CLOTHING LIMITED

02886196

02.02.2014

N

£32,098,001

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

23/09/14

Date Charge Registered:

07/10/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:

Date Charge Created:

05/09/14

Date Charge Registered:

09/09/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.

 

Mortgage Type:

DEBENTURE

 

Date Charge Created:

14/10/10

Date Charge Registered:

19/10/10

Date Charge Satisfied:

08/12/14

Status:

SATISFIED

Person(s) Entitled:

LLOYDS TSB BANK PLC;

 

Amount Secured:

 

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:

27/10/05

Date Charge Registered:

17/11/05

Date Charge Satisfied:

26/01/13

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS 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:

LEGAL CHARGE

Date Charge Created:

09/09/99

Date Charge Registered:

22/09/99

Date Charge Satisfied:

16/02/11

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

Details:

54/56 HIGH ST,BILLERICAY,ESSEX; EX 552521

Mortgage Type:

DEPOSIT DEED

Date Charge Created:

02/04/97

Date Charge Registered:

04/04/97

Date Charge Satisfied:

16/02/11

Status:

SATISFIED

Person(s) Entitled:

STANMILE PROPERTIES LIMITED

Amount Secured:

Details:

THE INITIAL DEPOSIT OF £3,000

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

06/09/96

Date Charge Registered:

19/09/96

Date Charge Satisfied:

16/02/11

Status:

SATISFIED

Person(s) Entitled:

PAPER CHAIN (EAST ANGLIA) LIMITED

Amount Secured:

Details:

BY CLAUSE 4, THE TENANT COVENANTS WITH THE LANDLORD AS FOLLOWS: 4.1 UNTIL THE RELEASE OF THE DEPOSIT(BEING FIFTEEN THOUSAND POUNDS £15,000) OR APPROPRIATION OF THE DEPOSIT UNDER CLAUSE 3 OF THIS DEEDTO MAINTAIN THE DEPOSIT IN AN AMOUNT EQUAL TO FIFTEEN THOUSAND POUNDS (£15,000)SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

13/04/95

Date Charge Registered:

19/04/95

Date Charge Satisfied:

25/06/97

Status:

SATISFIED

Person(s) Entitled:

BRYANSTON ESTATES LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO THE TERMS OF A LEASE OFEVEN DATE

Details:

A RENT DEPOSIT OF £1,625

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Robert Arthur Thomas Killingsworth

1

1

Vera Killingsworth

0

1

L & A REGISTRARS LIMITED

1318

19224

L & A SECRETARIAL LIMITED

1320

19232

 

Average Invoice Value

 

£6463

Invoices available

118

Paid

104

Outstanding

14

 

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

37

34

11

7

15

Outstanding

0

1

1

1

11

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.26

UK Pound

1

Rs.101.99

Euro

1

Rs.74.79

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIT

 

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.