|
Report No. : |
339628 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KING AUTOMOTIVE SYSTEMS LIMITED |
|
|
|
|
Formerly Known As : |
CAMFORD
AUTOMOTIVE SYSTEMS LIMITED GEO.
W. KING (STEVENAGE) LIMITED KING
(T.I.) LIMITED |
|
|
|
|
Registered Office : |
King Automotive Systems, Chelmarsh, Daimler Green Coventry CV6 3LT |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
18.11.1969 |
|
|
|
|
Com. Reg. No.: |
00966412 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Subject is engaged in machining, general engineering and related services, principally to the automotive industry. |
|
|
|
|
No. of Employees : |
177 (31.12.2013) |
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 |
KING AUTOMOTIVE
SYSTEMS LIMITED
00966412
Active - Accounts Filed
|
KING AUTOMOTIVE SYSTEMS, |
|
CHELMARSH, DAIMLER GREEN |
|
COVENTRY |
|
CV6 3LT |
|
Registered Address |
KING AUTOMOTIVE SYSTEMS, |
Trading Address |
King Automotive Systems |
|
|
CHELMARSH, DAIMLER GREEN |
|
Chelmarsh |
|
|
COVENTRY |
|
Daimler Green |
|
|
CV6 3LT |
|
Coventry, West Midlands |
|
Website Address |
http://www.amtek.com |
|
CV6 3LT |
|
Telephone Number |
02476600300 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
18/11/1969 |
|
|
|
Previous Name |
CAMFORD AUTOMOTIVE |
Type |
Private limited with Share Capital |
|
|
SYSTEMS LIMITED |
|
|
|
FTSE Index |
- |
Date of Change |
22/05/1997 |
|
Filing Date of
Accounts |
14/08/2014 |
Currency |
GBP |
|
Share Capital |
£4 |
SIC07 |
25620 |
|
Charity Number |
- |
|
|
|
SIC07 Description |
MACHINING |
|
|
|
Principal Activity |
Machining, general engineering
and related services, principally to the automotive industry. |
||
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/12/2013 |
£34,749,000 |
£1,371,000 |
£6,107,000 |
177 |
|
31/12/2012 |
£38,796,000 |
£1,393,000 |
£5,054,000 |
226 |
|
31/12/2011 |
£35,205,000 |
£1,784,000 |
£4,097,000 |
249 |
|
Total Mortgage |
22 |
|
Outstanding |
2 |
|
Satisfied |
20 |
|
Total Number of Documented Trade |
0 |
|
Total Value of Documented Trade |
£0 |
|
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. |
|
This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities. |
|
This company trades in an industry with a higher level of corporate failures. |
|
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 - |
|
Total Value of Satisfied CCJs - £100,567 |
|
Total Number of Writs - |
- |
|
|
Total Current Directors |
3 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company Secretaries |
26 |
|
Name |
Kunal Sabharwal |
Date of Birth |
06/06/1976 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
14/04/2010 |
|
|
|
Address |
King Automotive Systems Limited Chelmarsh, Daimler Green,
Coventry, West Midlands, CV6 3LT |
||
|
Name |
Sanjay Tiku |
Date of Birth |
27/01/1970 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
10/03/2010 |
|
|
|
Address |
Chelmarsh, Daimler, Coventry, CV6 3LT |
|
|
|
Name |
Anubhav Dham |
Date of Birth |
17/10/1986 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
13/07/2015 |
|
|
|
Address |
King Automotive Systems,, Chelmarsh, Daimler Green, Coventry,
CV6 3LT |
||
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
AMTEK INVESTMENTS UK LTD |
GBP |
4 |
ORDINARY |
1 |
100 |
|
Date
Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£34,749,000 |
-10.4% |
£38,796,000 |
10.2% |
£35,205,000 |
41.5% |
£24,884,000 |
53.5% |
£16,211,000 |
|
|
Export |
£4,615,000 |
-20.6% |
£5,815,000 |
28.1% |
£4,541,000 |
22.6% |
£3,704,000 |
-18.3% |
£4,533,000 |
|
|
Cost
of Sales |
£31,302,000 |
-11.7% |
£35,452,000 |
16% |
£30,558,000 |
47.7% |
£20,684,000 |
16.9% |
£17,694,000 |
|
|
Gross
Profit |
£3,447,000 |
3.1% |
£3,344,000 |
-28% |
£4,647,000 |
10.6% |
£4,200,000 |
383.2% |
-£1,483,000 |
|
|
Wages
& Salaries |
£6,261,000 |
-6.3% |
£6,683,000 |
-12.2% |
£7,611,000 |
-2.2% |
£7,785,000 |
18.5% |
£6,569,000 |
|
|
Directors
Emoluments |
- |
-100% |
£182,000 |
52.9% |
£119,000 |
4.4% |
£114,000 |
-45.7% |
£210,000 |
|
|
Operating
Profit |
£1,813,000 |
14.8% |
£1,579,000 |
-26.4% |
£2,145,000 |
265.4% |
£587,000 |
110.5% |
-£5,580,000 |
|
|
Depreciation |
£695,000 |
13.4% |
£613,000 |
-38% |
£988,000 |
-1% |
£998,000 |
-17.7% |
£1,213,000 |
|
|
Audit
Fees |
£26,000 |
-3.7% |
£27,000 |
- |
£27,000 |
-6.9% |
£29,000 |
-23.7% |
£38,000 |
|
|
Interest
Payments |
£462,000 |
6.5% |
£434,000 |
20.2% |
£361,000 |
41% |
£256,000 |
884.6% |
£26,000 |
|
|
Pre
Tax Profit |
£1,371,000 |
-1.6% |
£1,393,000 |
-21.9% |
£1,784,000 |
439% |
£331,000 |
104.4% |
-£7,441,000 |
|
|
Taxation |
-£233,000 |
23.1% |
-£303,000 |
-999.9% |
£25,000 |
412.5% |
-£8,000 |
-101.1% |
£714,000 |
|
|
Profit
After Tax |
£1,138,000 |
4.4% |
£1,090,000 |
-39.7% |
£1,809,000 |
460.1% |
£323,000 |
104.8% |
-£6,727,000 |
|
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained
Profit |
£1,138,000 |
4.4% |
£1,090,000 |
-39.7% |
£1,809,000 |
460.1% |
£323,000 |
104.8% |
-£6,727,000 |
|
Date
Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Tangible
Assets |
£6,646,000 |
-3.7% |
£6,903,000 |
8.8% |
£6,347,000 |
-1.9% |
£6,471,000 |
-0.3% |
£6,491,000 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Fixed Assets |
£6,646,000 |
-3.7% |
£6,903,000 |
8.8% |
£6,347,000 |
-1.9% |
£6,471,000 |
-0.3% |
£6,491,000 |
|
|
Stock |
£1,929,000 |
-9.1% |
£2,122,000 |
1.2% |
£2,097,000 |
56.1% |
£1,343,000 |
78.4% |
£753,000 |
|
|
Trade
Debtors |
£3,658,000 |
-11.5% |
£4,131,000 |
-13.7% |
£4,789,000 |
226.9% |
£1,465,000 |
-15.2% |
£1,727,000 |
|
|
Cash |
£884,000 |
8.9% |
£812,000 |
30.5% |
£622,000 |
44% |
£432,000 |
9.1% |
£396,000 |
|
|
Other
Debtors |
£5,694,000 |
59.9% |
£3,561,000 |
22.5% |
£2,907,000 |
78.7% |
£1,627,000 |
39.1% |
£1,170,000 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Assets |
£12,165,000 |
14.5% |
£10,626,000 |
2% |
£10,415,000 |
114% |
£4,867,000 |
20.3% |
£4,046,000 |
|
|
Trade
Creditors |
£2,852,000 |
7.6% |
£2,651,000 |
-16.6% |
£3,179,000 |
15.4% |
£2,754,000 |
19.4% |
£2,307,000 |
|
|
Bank
Loans & Overdrafts |
£5,055,000 |
3.7% |
£4,874,000 |
43% |
£3,409,000 |
- |
0 |
- |
0 |
|
|
Other
Short Term Finance |
£2,226,000 |
-7.2% |
£2,398,000 |
-22% |
£3,073,000 |
61.1% |
£1,908,000 |
-39.1% |
£3,131,000 |
|
|
Miscellaneous
Current Liabilities |
£1,699,000 |
7.5% |
£1,581,000 |
-8.6% |
£1,729,000 |
-13.8% |
£2,006,000 |
73.5% |
£1,156,000 |
|
|
Total
Current Liabilities |
£11,832,000 |
2.9% |
£11,504,000 |
1% |
£11,390,000 |
70.8% |
£6,668,000 |
1.1% |
£6,594,000 |
|
|
Bank
Loans & Overdrafts and LTL |
£5,927,000 |
1.4% |
£5,845,000 |
24.8% |
£4,684,000 |
107.3% |
£2,259,000 |
-40% |
£3,763,000 |
|
|
Other
Long Term Finance |
£237,000 |
-57.1% |
£553,000 |
-52.3% |
£1,160,000 |
-48.6% |
£2,259,000 |
-12.6% |
£2,585,000 |
|
|
Total
Long Term Liabilities |
£872,000 |
-10.2% |
£971,000 |
-23.8% |
£1,275,000 |
-43.6% |
£2,259,000 |
-40% |
£3,763,000 |
.
|
Date
Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Called
Up Share Capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
P
& L Account Reserve |
£2,215,000 |
90.6% |
£1,162,000 |
466.8% |
£205,000 |
113.8% |
-£1,481,000 |
17.8% |
-£1,801,000 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry
Reserves |
£3,892,000 |
- |
£3,892,000 |
- |
£3,892,000 |
- |
£3,892,000 |
96.5% |
£1,981,000 |
|
|
Shareholder
Funds |
£6,107,000 |
20.8% |
£5,054,000 |
23.4% |
£4,097,000 |
69.9% |
£2,411,000 |
999.9% |
£180,000 |
|
Date
Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Net
Worth |
£6,107,000 |
20.8% |
£5,054,000 |
23.4% |
£4,097,000 |
69.9% |
£2,411,000 |
999.9% |
£180,000 |
|
|
Working
Capital |
£333,000 |
137.9% |
-£878,000 |
9.9% |
-£975,000 |
45.9% |
-£1,801,000 |
29.3% |
-£2,548,000 |
|
|
Total
Assets |
£18,811,000 |
7.3% |
£17,529,000 |
4.6% |
£16,762,000 |
47.8% |
£11,338,000 |
7.6% |
£10,537,000 |
|
|
Total
Liabilities |
£12,704,000 |
1.8% |
£12,475,000 |
-1.5% |
£12,665,000 |
41.9% |
£8,927,000 |
-13.8% |
£10,357,000 |
|
|
Net
Assets |
£6,107,000 |
20.8% |
£5,054,000 |
23.4% |
£4,097,000 |
69.9% |
£2,411,000 |
999.9% |
£180,000 |
|
Date
Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Net
Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net
Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net
Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase
in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date
Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Contingent
Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
|
|
Capital
Employed |
£6,979,000 |
15.8% |
£6,025,000 |
12.2% |
£5,372,000 |
15% |
£4,670,000 |
18.4% |
£3,943,000 |
|
|
Number
of Employees |
177 |
-21.7% |
226 |
-9.2% |
249 |
-7.8% |
270 |
12% |
241 |
|
Accountants |
||||||||||
|
Auditors |
BAKER
TILLY UK AUDIT LLP |
|||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
|||||||||
|
Bankers |
LLOYDS
TSB BANK PLC |
|||||||||
|
Bank
Branch Code |
30-87-78 |
|||||||||
|
Date
Of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
|
|
Pre-tax
profit margin % |
3.95 |
3.59 |
5.07 |
1.33 |
-45.90 |
|
|
Current
ratio |
1.03 |
0.92 |
0.91 |
0.73 |
0.61 |
|
|
Sales/Net
Working Capital |
104.35 |
-44.19 |
-36.11 |
-13.82 |
-6.36 |
|
|
Gearing
% |
97.10 |
115.70 |
114.30 |
93.70 |
2090.60 |
|
|
Equity
in % |
32.50 |
28.80 |
24.40 |
21.30 |
1.70 |
|
|
Creditor
Days |
29.87 |
24.87 |
32.86 |
40.28 |
51.80 |
|
|
Debtor
Days |
38.31 |
38.75 |
49.51 |
21.42 |
38.77 |
|
|
Liquidity/Acid
Test |
0.86 |
0.73 |
0.73 |
0.52 |
0.49 |
|
|
Return
On Capital Employed % |
19.64 |
23.12 |
33.20 |
7.08 |
-188.71 |
|
|
Return
On Total Assets Employed % |
7.28 |
7.94 |
10.64 |
2.91 |
-70.61 |
|
|
Current
Debt Ratio |
1.93 |
2.27 |
2.78 |
2.76 |
36.63 |
|
|
Total
Debt Ratio |
2.08 |
2.46 |
3.09 |
3.70 |
57.53 |
|
|
Stock
Turnover Ratio % |
5.55 |
5.46 |
5.95 |
5.39 |
4.64 |
|
|
Return
on Net Assets Employed % |
22.44 |
27.56 |
43.54 |
13.72 |
-4133.88 |
There are no notes to display.
No Status History found
|
Date |
Description |
|
16/07/2015 |
New
Board Member Mr A. Dham appointed |
|
07/07/2015 |
Payment
Data Update Recieved |
|
23/02/2015 |
Mr
J.G. Martin has resigned as company secretary |
|
05/10/2014 |
Annual
Returns |
|
05/09/2014 |
New
Company Secretary Mr J.G. Martin appointed |
|
02/09/2014 |
Mr
D.F. Wotton has resigned as company secretary |
|
27/08/2014 |
New
Accounts Filed |
|
25/09/2013 |
Annual
Returns |
|
22/05/2013 |
New
Accounts Filed |
|
20/11/2012 |
Mr
K. Parker has left the board |
|
21/09/2012 |
Annual
Returns |
|
31/07/2012 |
New
Company Secretary Mr D.F. Wotton appointed |
|
21/04/2012 |
New
Accounts Filed |
|
07/10/2011 |
Annual
Returns |
|
28/04/2011 |
New Accounts Filed |
|
Date |
Previous
Name |
|
22/05/1997 |
CAMFORD
AUTOMOTIVE SYSTEMS LIMITED |
|
29/11/1993 |
GEO.
W. KING (STEVENAGE) LIMITED |
|
31/12/1976 |
KING
(T.I.) LIMITED |
No
writs found
|
Group |
8
companies |
|
Linkages |
2
companies |
|
Countries |
In
1 countries |
|
Holding
Company
|
AMTEK
INVESTMENTS (UK) LIMITED |
|
Ownership
Status
|
Wholly
Owned |
|
Ultimate
Holding Company
|
AMTEK
AUTO |
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
AMTEK
AUTO |
05-30333
|
30.09.2014 |
- |
€2,382,102,611
|
|
AMTEK
INVESTMENTS (UK)... |
04739524
|
31.12.2013 |
N |
|
|
KING
AUTOMOTIVE SYST... |
00966412
|
31.12.2013 |
N |
£34,749,000
|
|
SECKLOE
165 LIMITED |
04801477
|
31.12.2007 |
N |
£924,000
|
|
TRIPLEX
COMPONENTS... |
02609687
|
31.12.2007 |
N |
£32,422,000
|
|
KETLON
LIMITED |
04375868
|
31.12.2007 |
N |
£14,184,000
|
|
GWK
AMTEK LIMITED |
03326288
|
31.12.2007 |
Y |
|
|
GEO.
W. KING LIMITED |
01137900
|
31.12.2007 |
N |
£63,944,000
|
|
Name
|
Number |
Latest
Key Financials |
Turnover
|
|
ZELTER
GMBH |
HRB
2731 |
31.03.2014 |
€7,970,045
|
|
AMTEK
DEUTSCHLAND GMBH |
HRB
9138 |
31.12.2012 |
€42,973,903
|
|
Date |
Court |
Amount |
Status |
Case
Number |
Date
Paid |
|
31/12/2010 |
WORCESTER |
£46,718 |
Satisfied |
0WR02738 |
27/05/2011 |
|
27/06/2010 |
HARLOW |
£34,115 |
Satisfied |
0QT55507 |
26/05/2011 |
|
03/12/2009 |
CARDIFF |
£5,972 |
Satisfied |
9CF08063 |
14/04/2010 |
|
26/11/2009 |
NORTHAMPTON
CCBC |
£3,817 |
Satisfied |
9QZ48235 |
24/06/2010 |
|
23/11/2009 |
NORTHAMPTON
CCBC |
£409 |
Satisfied |
9XQ82938 |
23/03/2010 |
|
27/10/2009 |
NORTHAMPTON
CCBC |
£3,579 |
Satisfied |
9XO95242 |
04/01/2010 |
|
23/09/2009 |
MANCHESTER |
£5,957 |
Satisfied |
9MA14340 |
13/05/2010 |
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
Type: |
|||
|
Date
Charge Created: |
05/08/15 |
||
|
Date
Charge Registered: |
19/08/15 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
US
BANK TRUSTEES LIMITED; |
||
|
Amount
Secured: |
|||
|
Details: |
CONTAINS
FIXED CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
09/04/15 |
||
|
Date
Charge Registered: |
22/04/15 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
U.S.BANK
TRUSTEES LIMITED; |
||
|
Amount
Secured: |
|||
|
Details: |
CONTAINS
FIXED CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage
Type: |
SECURITY
AGREEMENT |
||
|
Date
Charge Created: |
30/10/12 |
||
|
Date
Charge Registered: |
12/11/12 |
||
|
Date
Charge Satisfied: |
21/01/15 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
ICICI
BANK UK PLC, NIEDERLASSUNG FRANKFURT AM MAIN; |
||
|
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. SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage
Type: |
DEED
OF AMENDMENT |
||
|
Date
Charge Created: |
06/08/12 |
||
|
Date
Charge Registered: |
10/08/12 |
||
|
Date
Charge Satisfied: |
21/01/15 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
IDBI
BANK LIMITED; |
||
|
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 SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
26/07/11 |
||
|
Date
Charge Registered: |
11/08/11 |
||
|
Date
Charge Satisfied: |
21/01/15 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
IDBI
BANK LIMITED, DIFC BRANCH, DUBAI; |
||
|
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 SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage
Type: |
DEED
OF CHARGE OVER CREDIT BALANCES |
||
|
Date
Charge Created: |
31/03/09 |
||
|
Date
Charge Registered: |
18/04/09 |
||
|
Date
Charge Satisfied: |
26/11/09 |
||
|
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: |
THE
CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE
SCHEDULE TO THE FORM 395 (INCLUDING ALL ORANY PART OF THE MONEY PAYABLE
PURSUANT TO SUCH DEPOSIT(S) & THE DEBTS REPRESENTEDTHEREBY) TOGETHER WITH
ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN
ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF & TO GIVE EFFECT TO THE
SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S)
& INTEREST THEREONACCOUNT NUMBER 03093263SORT CODE 20 00 00ACCOUNT NAME
BB REKING AUTOMOTIVE SYSTEMS LIMITED |
||
|
Mortgage
Type: |
GUARANTEE
& DEBENTURE |
||
|
Date
Charge Created: |
31/03/09 |
||
|
Date
Charge Registered: |
06/04/09 |
||
|
Date
Charge Satisfied: |
16/04/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
FORD
MOTOR COMPANY LIMITED |
||
|
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 SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
18/03/09 |
||
|
Date
Charge Registered: |
04/04/09 |
||
|
Date
Charge Satisfied: |
09/09/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
AMTEK
INVESTMENTS (UK) LIMITED |
||
|
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. SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage
Type: |
MORTGAGE |
||
|
Date
Charge Created: |
16/11/05 |
||
|
Date
Charge Registered: |
26/11/05 |
||
|
Date
Charge Satisfied: |
08/06/09 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC C/O BARCLAYS MERCANTILE BUSINESS FINANCE LIMITED |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
THE
ITEMS BEING PLANT NO 1238 P J HARE TWIN SHOCK ABSORBER ASSEMBLY MACHINE ATLAS
COPCO TENSOR S7 CONTROL S/N 98X0049X200 ASSY, PLANT NO 1237 P J HARE TWIN
SHOCK ABSORBER ASSEMBLY MACHINE ATLAS COPCOTENSOR S7 CONTROL S/N 98X0050X200
ASSY AND PLANT NO 6035 GUYSON ORBIT 800 PARTSWASHER S/N 50105 BENTLEY ASSY
FOR DETAILS OF FURTHER GOODS CHARGED PLEASE REFERTO FORM 395 SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
GUARANTEE
& DEBENTURE |
||
|
Date
Charge Created: |
04/11/05 |
||
|
Date
Charge Registered: |
17/11/05 |
||
|
Date
Charge Satisfied: |
08/06/09 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE
OTHERCOMPANIES NAMED THEREIN 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: |
FIXED
AND FLOATING CHARGE |
||
|
Date
Charge Created: |
24/10/03 |
||
|
Date
Charge Registered: |
07/11/03 |
||
|
Date
Charge Satisfied: |
25/11/05 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
THE
ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF
THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
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 |
||
|
Mortgage
Type: |
FIXED
AND FLOATING CHARGE |
||
|
Date
Charge Created: |
24/10/03 |
||
|
Date
Charge Registered: |
29/10/03 |
||
|
Date
Charge Satisfied: |
25/11/05 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
THE
ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF
THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
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 |
||
|
Mortgage
Type: |
FIXED
AND FLOATING CHARGE |
||
|
Date
Charge Created: |
12/06/02 |
||
|
Date
Charge Registered: |
18/06/02 |
||
|
Date
Charge Satisfied: |
25/11/05 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
THE
ROYAL BANK OF SCOTLAND 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: |
DEBENTURE |
||
|
Date
Charge Created: |
12/06/02 |
||
|
Date
Charge Registered: |
18/06/02 |
||
|
Date
Charge Satisfied: |
25/11/05 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
LOMBARD
NORTH CENTRAL 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: |
DEBENTURE |
||
|
Date
Charge Created: |
12/06/02 |
||
|
Date
Charge Registered: |
18/06/02 |
||
|
Date
Charge Satisfied: |
25/11/05 |
||
|
Status: |
SATISFIED |
||
|
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 |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
01/05/97 |
||
|
Date
Charge Registered: |
14/05/97 |
||
|
Date
Charge Satisfied: |
10/07/02 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
NATIONAL
WESTMINSTER BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE
FACILITIES AGREEMENT ANDTHE DEBENTURE AS DEFINED THEREIN |
||
|
Details: |
LAND
TO THE SOUTHEAST OF CAPMARTIN ROAD, RADFORD, WEST MIDLANDS TITLE NUMBER
WM588798. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILLBOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
01/05/97 |
||
|
Date
Charge Registered: |
14/05/97 |
||
|
Date
Charge Satisfied: |
10/07/02 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
LOMBARD
NORTH CENTRAL PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE
DEBENTURE AS DEFINED THEREIN |
||
|
Details: |
LAND
TO THE SOUTH EAST OF CAPMARTIN ROAD, REDFORD, WEST MIDLANDS TITLE NUMBER WM588798.
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
|
Mortgage
Type: |
CHATTEL
MORTGAGE |
||
|
Date
Charge Created: |
01/05/97 |
||
|
Date
Charge Registered: |
14/05/97 |
||
|
Date
Charge Satisfied: |
10/07/02 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
LOMBARD
NORTH CENTRAL PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE CHATTEL
MORTGAGE AS DEFINED THEREIN |
||
|
Details: |
THE
CHATTELS SET OUT ON THE SCHEDULE ATTACHED TO THE FORM M395 TOGETHER WITH ANY
PART OR PARTS THEREOF AND ALL ADDITIONS ALTERNATIVES ACCESSORIES REPLACEMENTS
AND RENEWALS OF COMPONENT PARTS THERETO AND ALL TECHNICAL AND LOG BOOKS
THEREOF TOGETHER WITH ANY ITEM OR ITEMS,THE INSURANCE POLICIES AND THE
CONTRACTS BEING THE RIGHT AND TITLE AND INTERESTIN AND TO THE BENEFIT OF ALL
PRESENT AND FUTURE AGREEMENTS RELATING TO THE CHATTELS. SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
CHATTEL
MORTGAGE |
||
|
Date
Charge Created: |
01/05/97 |
||
|
Date
Charge Registered: |
14/05/97 |
||
|
Date
Charge Satisfied: |
10/07/02 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
NATIONAL
WESTMINSTER BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE FACILITIES
AGREEMENT ANDTHE CHATTEL MORTGAGE AS DEFINED THEREIN |
||
|
Details: |
THE
CHATTELS SET OUT ON THE SCHEDULE ATTACHED TO THE FORM M395 TOGETHER WITH ANY
PART OR PARTS THEREOF AND ALL ADDITIONS ALTERNATIVES ACCESSORIES REPLACEMENTS
AND RENEWALS OF COMPONENT PARTS THERETO AND ALL TECHNICAL AND LOG BOOKS
THEREOF TOGETHER WITH ANY ITEM OR ITEMS,THE INSURANCE POLICIES AND THE
CONTRACTS BEING THE RIGHT AND TITLE AND INTERESTIN AND TO THE BENEFIT OF ALL
PRESENT AND FUTURE AGREEMENTS RELATING TO THE CHATTELS. |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
01/05/97 |
||
|
Date
Charge Registered: |
07/05/97 |
||
|
Date
Charge Satisfied: |
10/07/02 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
3I
PLC, FOR ITSELF AND AS TRUSTEE FOR THE INVESTORS (AS DEFINED) |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE IN RESPECT OF THE
LOAN (AS DEFINED)PURSUANT TO A DEEDOF GUARANTY AND INDEMNITY OF EVEN DATE |
||
|
Details: |
(INCLUDING
TRADE FIXTURES) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
||
|
Mortgage
Type: |
GUARANTEE
& DEBENTURE |
||
|
Date
Charge Created: |
10/02/82 |
||
|
Date
Charge Registered: |
23/02/82 |
||
|
Date
Charge Satisfied: |
23/02/82 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE
OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED
& FLOATING CHARGES UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE
INCLUDING GOODWILL BOOKDEBTS & UNCALLED CAPITAL. WITH ALL BUILDINGS
FIXTURES (INCL. TRADE FIXTURES) FIXED PLANT & MACHINERY. |
||
|
Mortgage
Type: |
GUARANTEE
DEBENTURE |
||
|
Date
Charge Created: |
10/02/82 |
||
|
Date
Charge Registered: |
19/02/82 |
||
|
Date
Charge Satisfied: |
19/02/82 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES
NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED
& FLOATING CHARGES UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL BOOKDEBTS & UNCALLED CAPITAL. WITH ALL
BUILDINGS FIXTURES (INCL. TRADE FIXTURES) FIXED PLANT & MACHINERY |
||
|
Name |
Current
Directorships |
Previous
Directorships |
|
Mark
Thomas Farby Kerrigan |
13 |
10 |
|
John
Michael Johnson |
8 |
17 |
|
Terence
Ian Barringer |
0 |
7 |
|
Peter
Michael Paul |
11 |
20 |
|
Peter
Michael Paul |
11 |
20 |
|
Richard
Anthony Drury |
3 |
7 |
|
Richard
Anthony Drury |
3 |
7 |
|
John
Ernest Flintham |
23 |
28 |
|
Richard
Alan Churchman |
3 |
7 |
|
Derek
John Benton |
4 |
19 |
|
Michael
Tracey |
0 |
1 |
|
Alan
Neil Ramsay Davidson |
8 |
38 |
|
Alan
Neil Ramsay Davidson |
8 |
38 |
|
Roger
William Ball |
0 |
2 |
|
Kenneth
Parker |
1 |
3 |
|
Roderick
Brett Welch |
9 |
126 |
|
Arvind
Dham |
3 |
1 |
|
Mark
James Haughton |
1 |
14 |
|
Gareth
Edward Green |
0 |
2 |
|
Paul
Scott Tuley |
0 |
2 |
|
Philippa
Lucy Bishop |
16 |
5 |
|
Philip
Anthony Smith |
0 |
8 |
|
Ashok
Ravjibhai Patel |
17 |
10 |
|
Ashok
Ravjibhai Patel |
0 |
1 |
|
Derek
Frank Wotton |
0 |
1 |
|
Jonathan
George Martin |
0 |
1 |
|
Average
Invoice Value
|
Ł635.28
|
|
Invoices
available
|
53
|
|
Paid
|
50
|
|
Outstanding
|
3
|
|
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 |
9 |
29 |
11 |
1 |
0 |
|
Outstanding |
0 |
3 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.74 |
|
UK Pound |
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
VNT |
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.