MIRA INFORM REPORT
|
Report No. : |
339823 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
LAWRENCE BLUNT LIMITED |
|
|
|
|
Registered Office : |
Shelley Stock Hutter1st Floor7-10 Chandos Streetw1g 9DQ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.05.2014 |
|
|
|
|
Date of Incorporation : |
13.01.1989 |
|
|
|
|
Com. Reg. No.: |
02334973 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
Not Available |
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.
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 financialMARKETS. 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
LAWRENCE BLUNT LIMITED
Company No
02334973
Registered Address
SHELLEY STOCK
HUTTER1ST FLOOR7-10 CHANDOS STREETW1G 9DQ
Company Summary
|
Registered
Address |
SHELLEY STOCK HUTTER1ST FLOOR 7-10 CHANDOS STREETW1G 9DQ |
Trading
Address |
1st Floor 7-10 Chandos Street London W1G 9DQ Petershan House, 57A Hatton Garden London, ECIN 8JG, United Kingdom |
|
Email |
Not Available |
|
|
|
Telephone
Number |
-- |
Fax Number |
02078315773 |
|
TPS |
-- |
FPS |
Yes |
|
Incorporation
Date |
13.01.1989 |
|
|
|
Previous
Name |
-- |
Type |
Private Limited with Share Capital |
|
FTSE Index |
-- |
Date of
Change |
-- |
|
Filing Date
of Accounts |
07.01.2015 |
Currency |
GBP |
|
Share
Capital |
£315 |
SIC07 |
24410 |
|
Charity
Number |
-- |
|
|
|
SIC07
Description |
PRECIOUS METALS PRODUCTION |
||
|
Principal
Activity |
Importation, manufacture and distribution
of jewellery. |
||
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/05/2014 |
-- |
-- |
£2,404,958 |
-- |
|
31/05/2013 |
-- |
-- |
£2,185,284 |
-- |
|
31/05/2012 |
-- |
-- |
£1,958,231 |
-- |
Mortgage Summary
Total Mortgage 5
Outstanding 1
Satisfied 4
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 Small
company in respect of the rating/limit generated. |
|
|
This company has only made late payments on
a low percentage of invoices. |
|
|
The latest Balance Sheet indicates a very
positive net working capital position. |
|
|
The latest cash balances represent a positive
level in terms of the overall outstanding creditor obligations. |
|
|
There has been an increase in shareholders
funds compared with the previous balance sheet. |
|
|
This company trades in an industry with a
moderate 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 |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
0 |
Current Directors
|
Name |
Clive Newton Ross Field |
Date of Birth |
14/12/1949 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
01/10/1992 |
||
|
Address |
Magnolia House, 24 Forest Lane, Chigwell,
Essex, IG7 5AE |
||
|
Name |
Laurence James Blunt |
Date of Birth |
16/02/1958 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
09/07/1991 |
||
|
Address |
20 Penington Road, Beaconsfield,
Buckinghamshire, HP9 1ET |
||
|
Name |
Richard Charles Blunt |
Date of Birth |
18/04/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
14 |
Function |
Director |
|
Appointment Date |
09/07/1991 |
||
|
Address |
Reynolds, Nugents Park, Hatch End,
Middlesex, HA5 4RA |
||
Current Company Secretary
|
Name |
Richard Charles Blunt |
Date of Birth |
18/04/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
14 |
Function |
Company Secretary |
|
Appointment Date |
09/07/1991 |
||
|
Address |
Reynolds, Nugents Park, Hatch End,
Middlesex, HA5 4RA |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MR LAURENCE JAMES BLUNT |
GBP |
105 |
ORDINARY |
1 |
33.33 |
|
MR CLIVE NEWTON ROSS FIELD |
GBP |
105 |
ORDINARY |
1 |
33.33 |
|
MR RICHARD BLUNT |
GBP |
105 |
ORDINARY |
1 |
33.33 |
Profit & Loss
|
Date Of Accounts |
31/05/14 |
(%) |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
£6,454,027 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
£293,459 |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
-100% |
£4,947,483 |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£1,506,544 |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
£637,690 |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£436,863 |
|
Depreciation |
£56,354 |
-2.5% |
£57,823 |
-19.7% |
£71,975 |
10.1% |
£65,354 |
116.6% |
£30,169 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
£14,250 |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
£11,185 |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£425,691 |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
-£124,331 |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
£301,360 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
£300,000 |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£1,360 |
Balance Sheet
|
Date Of Accounts |
31/05/14 |
(%) |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
|
Tangible Assets |
£152,440 |
-20.1% |
£190,674 |
-2.1% |
£194,700 |
-24.3% |
£257,256 |
157.8% |
£99,785 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£152,440 |
-20.1% |
£190,674 |
-2.1% |
£194,700 |
-24.3% |
£257,256 |
157.8% |
£99,785 |
|
Stock |
£897,760 |
19.7% |
£750,048 |
13.8% |
£659,335 |
-10.7% |
£737,985 |
-36.2% |
£1,155,918 |
|
Trade Debtors |
£1,660,008 |
55.2% |
£1,069,369 |
-29.5% |
£1,517,107 |
50.2% |
£1,010,087 |
-36.7% |
£1,596,083 |
|
Cash |
£682,965 |
-33.3% |
£1,023,291 |
-31.1% |
£1,485,188 |
54.4% |
£961,874 |
999.9% |
£21,213 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£58,449 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£3,240,733 |
14% |
£2,842,708 |
-22.4% |
£3,661,630 |
35.1% |
£2,709,946 |
-4.3% |
£2,831,663 |
|
Trade Creditors |
£988,215 |
16.5% |
£848,098 |
-55.3% |
£1,898,099 |
57.9% |
£1,202,234 |
31.8% |
£912,452 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£496,236 |
|
Total Current Liabilities |
£988,215 |
16.5% |
£848,098 |
-55.3% |
£1,898,099 |
57.9% |
£1,202,234 |
-14.7% |
£1,408,688 |
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital & Reserves
|
Date Of Accounts |
31/05/14 |
(%) |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
|
Called Up Share Capital |
£315 |
- |
£315 |
- |
£315 |
- |
£315 |
- |
£315 |
|
P & L Account Reserve |
£2,304,713 |
10.5% |
£2,085,039 |
12.2% |
£1,857,986 |
11.6% |
£1,664,723 |
17% |
£1,422,515 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£99,930 |
- |
£99,930 |
- |
£99,930 |
- |
£99,930 |
- |
£99,930 |
|
Shareholder Funds |
£2,404,958 |
10.1% |
£2,185,284 |
11.6% |
£1,958,231 |
10.9% |
£1,764,968 |
15.9% |
£1,522,760 |
Other Financial Items
|
Date Of Accounts |
31/05/14 |
(%) |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
|
Net Worth |
£2,404,958 |
10.1% |
£2,185,284 |
11.6% |
£1,958,231 |
10.9% |
£1,764,968 |
15.9% |
£1,522,760 |
|
Working Capital |
£2,252,518 |
12.9% |
£1,994,610 |
13.1% |
£1,763,531 |
17% |
£1,507,712 |
6% |
£1,422,975 |
|
Total Assets |
£3,393,173 |
11.9% |
£3,033,382 |
-21.3% |
£3,856,330 |
30% |
£2,967,202 |
1.2% |
£2,931,448 |
|
Total Liabilities |
£988,215 |
16.5% |
£848,098 |
-55.3% |
£1,898,099 |
57.9% |
£1,202,234 |
-14.7% |
£1,408,688 |
|
Net Assets |
£2,404,958 |
10.1% |
£2,185,284 |
11.6% |
£1,958,231 |
10.9% |
£1,764,968 |
15.9% |
£1,522,760 |
Cash Flow
|
Date Of Accounts |
31/05/14 |
(%) |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
£1,007,538 |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
-100% |
£598,119 |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
-£6,819 |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
£591,300 |
Miscellaneous
|
Date Of Accounts |
31/05/14 |
(%) |
31/05/13 |
(%) |
31/05/12 |
(%) |
31/05/11 |
(%) |
31/05/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£2,404,958 |
10.1% |
£2,185,284 |
11.6% |
£1,958,231 |
10.9% |
£1,764,968 |
15.9% |
£1,522,760 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
18 |
|
Accountants |
SHELLEY STOCK HUTTER LLP |
|
Auditors |
|
|
Auditor Comments |
The company is exempt from audit |
|
Bankers |
BARCLAYS BANK PLC |
|
Bank Branch Code |
Ratios
|
Date Of Accounts |
31/05/14 |
31/05/13 |
31/05/12 |
31/05/11 |
31/05/10 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
6.60 |
|
Current ratio |
3.28 |
3.35 |
1.93 |
2.25 |
2.01 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
4.54 |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
70.90 |
72 |
50.80 |
59.50 |
51.90 |
|
Creditor Days |
- |
- |
- |
- |
51.46 |
|
Debtor Days |
- |
- |
- |
- |
90.01 |
|
Liquidity/Acid Test |
2.37 |
2.46 |
1.58 |
1.64 |
1.18 |
|
Return On Capital Employed % |
- |
- |
- |
- |
27.95 |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
14.52 |
|
Current Debt Ratio |
0.41 |
0.38 |
0.96 |
0.68 |
0.92 |
|
Total Debt Ratio |
0.41 |
0.38 |
0.96 |
0.68 |
0.92 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
17.91 |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
27.95 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
28/07/2015 |
Annual Returns |
|
10/01/2015 |
New Accounts Filed |
|
08/08/2014 |
Annual Returns |
|
01/01/2014 |
New Accounts Filed |
|
30/07/2013 |
Annual Returns |
|
10/01/2013 |
New Accounts Filed |
|
20/07/2012 |
Annual Returns |
|
14/12/2011 |
New Accounts Filed |
|
26/07/2011 |
Annual Returns |
|
09/11/2010 |
New Accounts Filed |
|
09/11/2010 |
New Accounts Filed |
|
02/10/2010 |
Annual Returns |
|
22/12/2009 |
New Accounts Filed |
|
25/08/2009 |
Annual Returns |
|
07/01/2009 |
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 |
LAWRENCE BLUNT LIMITED |
|
Ownership Status |
Ultimately Owned |
|
Ultimate Holding Company |
LAWRENCE BLUNT LIMITED |
Group StructureFull
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
02334973 |
31.05.2014 |
N |
|
|
|
08048327 |
31.05.2014 |
N |
Mortgage Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
23/04/96 |
||
|
Date Charge Registered: |
29/04/96 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
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: |
DEBENTURE |
||
|
Date Charge Created: |
30/07/93 |
||
|
Date Charge Registered: |
12/08/93 |
||
|
Date Charge Satisfied: |
12/12/97 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
AITKEN HUME 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: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
17/07/92 |
||
|
Date Charge Registered: |
31/07/92 |
||
|
Date Charge Satisfied: |
14/10/93 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THECOMPANY
AND/OR SONNENTHAL CHAIN LIMITEDTO THE CHARGEE ON ANYACCOUNT WHATSOEVER |
||
|
Details: |
SEE FORM 395 REF M562C 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: |
DEBENTURE |
||
|
Date Charge Created: |
14/03/91 |
||
|
Date Charge Registered: |
22/03/91 |
||
|
Date Charge Satisfied: |
14/10/93 |
||
|
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: |
DEBENTURE |
||
|
Date Charge Created: |
03/07/89 |
||
|
Date Charge Registered: |
11/07/89 |
||
|
Date Charge Satisfied: |
16/03/93 |
||
|
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 FIXTURES & FITTINGS FIXED PLANT AND MACHINERY |
||
Previous Director/Company Secretaries
|
No Previous Director Details |
|
|
Average Invoice Value |
Ł68.55 |
|
Invoices available |
12 |
|
Paid |
12 |
|
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 |
11 |
0 |
1 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.