MIRA INFORM REPORT
|
Report No. : |
341382 |
|
Report Date : |
16.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROMA INTERNATIONAL PLC |
|
|
|
|
Formerly Known As : |
ROMA GLASS
LIMITED |
|
|
|
|
Registered Office : |
89 High Streethadleighipswichip7 5ea |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
07.09.1965 |
|
|
|
|
Com. Reg. No.: |
00858471 |
|
|
|
|
Legal Form : |
Public limited
with Share Capital |
|
|
|
|
Line of Business : |
·
Wholesale
Of China And Glassware And Cleaning Materials ·
Dealing
in glass and plastic bottles. |
|
|
|
|
No. of Employees : |
44 (2014) |
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 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
ROMA INTERNATIONAL PLC
89 HIGH STREETHADLEIGHIPSWICHIP7 5EA
Company No
00858471
Company Status
Active - Accounts
Filed
Company Summary
Registered Address HIGH
STREET
HADLEIGH
IPSWICH
IP7 5EA
Trading Address Lady Lane Industrial Estate
Hadleigh
Ipswich
Suffolk
IP7 6BQ
Website Address http://www.roma.co.uk
Telephone Number -
Fax Number
TPS -
FPS No
Incorporation Date 07/09/1965
Previous Name ROMA GLASS LIMITED
Type Public limited with Share Capital
FTSE Index -
Date of Change 31/07/1997
Filing Date of
Accounts 29/06/2015
Currency GBP
Share Capital £50,000
SIC07 46440
Charity Number -
SIC07 Description WHOLESALE OF CHINA AND GLASSWARE AND CLEANING
MATERIALS
Principal Activity Dealing in glass and plastic bottles.
Key Financials
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
31/12/2014 £6,231,566 £175,135 £2,627,268 44
31/12/2013 £6,787,713 £281,903 £3,993,148 44
31/12/2012 £6,320,614 £354,924 £3,801,869 43
Mortgage Summary
Total Mortgage 2
Outstanding 2
Satisfied 0
Trade Debtors / Bad Debt Summary
Total Number of Documented
Trade 0
Total Value of
Documented Trade £0
Commentary
|
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. |
|
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 |
2 |
Current
Directors
|
Name |
Stephen Owen
Excell |
Date of Birth |
04/09/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment Date |
30/06/1992 |
||
|
Address |
The Orchard
Rectory Hill, Wivenhoe, Colchester, Essex, CO7 9LB |
||
|
Name |
Joy Yvonne Mary
Smith |
Date of Birth |
10/12/1940 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/09/2005 |
||
|
Address |
4 Newhaven Way,
Hadleigh, Ipswich, Suffolk, IP7 6AJ |
||
|
Name |
Susan Elizabeth
Excell |
Date of Birth |
20/12/1960 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment Date |
05/04/2013 |
||
|
Address |
The Orchard
Rectory Hill, Wivenhoe, Colchester, Essex, CO7 9LB |
||
Current Company Secretary
|
Name |
Susan Elizabeth
Excell |
Date of Birth |
- |
|
Officers Title |
Ms |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Company
Secretary |
|
Appointment Date |
28/02/2005 |
||
|
Address |
The Orchard,
Rectory Hill Wivenhoe, Colchester, Essex, CO7 9LB |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
|
STEPHEN EXCELL |
GBP |
27,500 |
ORDINARY |
1 |
55 |
|
SUSAN ELIZABETH
EXCELL |
GBP |
22,500 |
ORDINARY |
1 |
45 |
Profit & Loss
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£6,231,566 |
-8.2% |
£6,787,713 |
7.4% |
£6,320,614 |
5.2% |
£6,010,271 |
10.6% |
£5,435,571 |
|
|
Export |
£737,124 |
-52.5% |
£1,551,959 |
30.1% |
£1,192,995 |
-8.4% |
£1,302,331 |
-9.9% |
£1,446,134 |
|
|
Cost of Sales |
£5,191,314 |
-8.5% |
£5,671,139 |
8.1% |
£5,245,370 |
4.4% |
£5,026,342 |
14% |
£4,410,963 |
|
|
Gross Profit |
£1,040,252 |
-6.8% |
£1,116,574 |
3.8% |
£1,075,244 |
9.3% |
£983,929 |
-4% |
£1,024,608 |
|
|
Wages &
Salaries |
£1,013,409 |
-0.1% |
£1,014,856 |
8.1% |
£938,609 |
-11% |
£1,054,487 |
13.5% |
£928,815 |
|
|
Directors
Emoluments |
£140,194 |
-16.9% |
£168,788 |
74.1% |
£96,963 |
-31.6% |
£141,763 |
7.6% |
£131,789 |
|
|
Operating Profit |
£180,776 |
-35.5% |
£280,316 |
-20.7% |
£353,675 |
97.3% |
£179,250 |
-22.7% |
£232,011 |
|
|
Depreciation |
£112,706 |
-4.7% |
£118,230 |
-3.2% |
£122,183 |
-15.6% |
£144,726 |
-6.6% |
£154,947 |
|
|
Audit Fees |
£6,400 |
3.2% |
£6,200 |
3.3% |
£6,000 |
3.4% |
£5,800 |
- |
£5,800 |
|
|
Interest
Payments |
£7,007 |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
£175,135 |
-37.9% |
£281,903 |
-20.6% |
£354,924 |
97.1% |
£180,076 |
-22.6% |
£232,687 |
|
|
Taxation |
-£41,015 |
32.3% |
-£60,624 |
26.4% |
-£82,386 |
-115.7% |
-£38,193 |
27.9% |
-£52,990 |
|
|
Profit After Tax |
£134,120 |
-39.4% |
£221,279 |
-18.8% |
£272,538 |
92.1% |
£141,883 |
-21% |
£179,697 |
|
|
Dividends
Payable |
- |
-100% |
£30,000 |
50% |
£20,000 |
- |
£20,000 |
- |
- |
|
|
Retained Profit |
£134,120 |
-29.9% |
£191,279 |
-24.3% |
£252,538 |
107.2% |
£121,883 |
-32.2% |
£179,697 |
Balance Sheet
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Tangible Assets |
£1,226,865 |
-6.5% |
£1,311,824 |
-0.3% |
£1,316,024 |
-5.4% |
£1,391,576 |
-6.4% |
£1,486,025 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed
Assets |
£1,226,865 |
-6.5% |
£1,311,824 |
-0.3% |
£1,316,024 |
-5.4% |
£1,391,576 |
-6.4% |
£1,486,025 |
|
|
Stock |
£1,175,993 |
4.1% |
£1,129,465 |
-10.6% |
£1,262,947 |
9.8% |
£1,150,409 |
6.5% |
£1,080,150 |
|
|
Trade Debtors |
£943,799 |
-16.1% |
£1,125,158 |
4.3% |
£1,078,730 |
24.9% |
£863,611 |
-9.4% |
£953,127 |
|
|
Cash |
£908,603 |
-27% |
£1,245,047 |
62.9% |
£764,298 |
-4.7% |
£801,604 |
14.7% |
£699,158 |
|
|
Other Debtors |
£31,556 |
-46.8% |
£59,287 |
38.6% |
£42,787 |
-6.1% |
£45,586 |
1.6% |
£44,864 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current
Assets |
£3,059,951 |
-14% |
£3,558,957 |
13% |
£3,148,762 |
10.1% |
£2,861,210 |
3% |
£2,777,299 |
|
|
Trade Creditors |
£531,303 |
-0.8% |
£535,735 |
83.6% |
£291,806 |
-34.9% |
£448,370 |
-32.1% |
£660,651 |
|
|
Bank Loans &
Overdrafts |
£105,695 |
- |
0 |
- |
0 |
-100% |
£4,815 |
- |
0 |
|
|
Other Short Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Liabilities |
£178,155 |
-33.9% |
£269,663 |
-10.6% |
£301,698 |
75.9% |
£171,536 |
53.6% |
£111,686 |
|
|
Total Current
Liabilities |
£815,153 |
1.2% |
£805,398 |
35.7% |
£593,504 |
-5% |
£624,721 |
-19.1% |
£772,337 |
|
|
Bank Loans &
Overdrafts and LTL |
£950,090 |
999.9% |
£72,235 |
4.1% |
£69,413 |
-16.9% |
£83,549 |
31.5% |
£63,539 |
|
|
Other Long Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term
Liabilities |
£844,395 |
999.9% |
£72,235 |
4.1% |
£69,413 |
-11.8% |
£78,734 |
23.9% |
£63,539 |
.
Capital & Reserves
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Called Up Share
Capital |
£50,000 |
-16.7% |
£60,000 |
- |
£60,000 |
- |
£60,000 |
- |
£60,000 |
|
|
P & L
Account Reserve |
£2,277,268 |
-37.5% |
£3,643,148 |
5.5% |
£3,451,869 |
7.9% |
£3,199,331 |
4% |
£3,077,448 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
£300,000 |
3.4% |
£290,000 |
- |
£290,000 |
- |
£290,000 |
- |
£290,000 |
|
|
Shareholder
Funds |
£2,627,268 |
-34.2% |
£3,993,148 |
5% |
£3,801,869 |
7.1% |
£3,549,331 |
3.6% |
£3,427,448 |
Other Financial Items
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Net Worth |
£2,627,268 |
-34.2% |
£3,993,148 |
5% |
£3,801,869 |
7.1% |
£3,549,331 |
3.6% |
£3,427,448 |
|
|
Working Capital |
£2,244,798 |
-18.5% |
£2,753,559 |
7.8% |
£2,555,258 |
14.3% |
£2,236,489 |
11.5% |
£2,004,962 |
|
|
Total Assets |
£4,286,816 |
-12% |
£4,870,781 |
9.1% |
£4,464,786 |
5% |
£4,252,786 |
-0.2% |
£4,263,324 |
|
|
Total
Liabilities |
£1,659,548 |
89.1% |
£877,633 |
32.4% |
£662,917 |
-5.8% |
£703,455 |
-15.8% |
£835,876 |
|
|
Net Assets |
£2,627,268 |
-34.2% |
£3,993,148 |
5% |
£3,801,869 |
7.1% |
£3,549,331 |
3.6% |
£3,427,448 |
Cash Flow
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Net Cashflow
from Operations |
£382,111 |
-46.7% |
£717,497 |
808.9% |
£78,940 |
-56.4% |
£181,004 |
645% |
£24,295 |
|
|
Net Cashflow
before Financing |
£277,861 |
-42.2% |
£480,749 |
999.9% |
-£32,491 |
-133.3% |
£97,631 |
261.8% |
-£60,355 |
|
|
Net Cashflow
from Financing |
-£630,000 |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
-£352,139 |
-173.2% |
£480,749 |
999.9% |
-£32,491 |
-133.3% |
£97,631 |
261.8% |
-£60,355 |
Miscellaneous
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£3,471,663 |
-14.6% |
£4,065,383 |
5% |
£3,871,282 |
6.7% |
£3,628,065 |
3.9% |
£3,490,987 |
|
|
Number of
Employees |
44 |
- |
44 |
2.3% |
43 |
-4.4% |
45 |
-4.3% |
47 |
|
Accountants |
||||||||||
|
Auditors |
WALTER WRIGHT |
|||||||||
|
Auditor Comments |
The audit report
contains no adverse comments |
|||||||||
|
Bankers |
BARCLAYS BANK
PLC |
|||||||||
|
Bank Branch Code |
20-44-51 |
|||||||||
Ratios
|
Date Of Accounts |
31/12/14 |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
|
|
|
Pre-tax profit
margin % |
2.81 |
4.15 |
5.62 |
3 |
4.28 |
|
|
Current ratio |
3.75 |
4.42 |
5.31 |
4.58 |
3.60 |
|
|
Sales/Net
Working Capital |
2.78 |
2.47 |
2.47 |
2.69 |
2.71 |
|
|
Gearing % |
36.20 |
1.80 |
1.80 |
2.40 |
1.90 |
|
|
Equity in % |
61.30 |
82 |
85.20 |
83.50 |
80.40 |
|
|
Creditor Days |
31.03 |
28.72 |
16.80 |
27.15 |
44.24 |
|
|
Debtor Days |
55.12 |
60.33 |
62.12 |
52.30 |
63.82 |
|
|
Liquidity/Acid
Test |
2.31 |
3.01 |
3.17 |
2.73 |
2.19 |
|
|
Return On
Capital Employed % |
5.04 |
6.93 |
9.16 |
4.96 |
6.66 |
|
|
Return On Total
Assets Employed % |
4.08 |
5.78 |
7.94 |
4.23 |
5.45 |
|
|
Current Debt
Ratio |
0.31 |
0.20 |
0.15 |
0.17 |
0.22 |
|
|
Total Debt Ratio |
0.63 |
0.21 |
0.17 |
0.19 |
0.24 |
|
|
Stock Turnover
Ratio % |
18.87 |
16.63 |
19.98 |
19.14 |
19.87 |
|
|
Return on Net
Assets Employed % |
6.66 |
7.05 |
9.33 |
5.07 |
6.78 |
Report Notes
|
There are no
notes to display. |
Status
History
|
No Status
History found |
Event History
|
Date |
Description |
|
05/07/2015 |
Annual Returns |
|
03/07/2015 |
Payment Data
Update Recieved |
|
02/07/2015 |
New Accounts
Filed |
|
07/07/2014 |
Annual Returns |
|
28/06/2014 |
New Accounts
Filed |
|
13/07/2013 |
Annual Returns |
|
08/07/2013 |
New Accounts
Filed |
|
08/07/2013 |
New Accounts
Filed |
|
09/04/2013 |
New Board Member
Mrs S.E. Excell appointed |
|
07/07/2012 |
Annual Returns |
|
06/07/2012 |
New Accounts
Filed |
|
06/07/2011 |
Annual Returns |
|
22/06/2011 |
New Accounts
Filed |
|
04/09/2010 |
Annual Returns |
|
02/07/2010 |
New Accounts
Filed |
Previous Company Names
|
Date |
Previous Name |
|
31/07/1997 |
ROMA GLASS
LIMITED |
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: |
|||
|
Date Charge
Created: |
29/07/14 |
||
|
Date Charge
Registered: |
31/07/14 |
||
|
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: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
11/10/94 |
||
|
Date Charge
Registered: |
18/10/94 |
||
|
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: |
PLOT 4,LADY LANE
INDUSTRIAL ESTATE,HADLEIGH,SUFFOLK; T/NO.SK 133637 |
||
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Charles Harold
Dawson |
1 |
2 |
|
Charles Harold
Dawson |
1 |
2 |
|
Average Invoice
Value |
Ł360.20 |
|
|
Invoices
available |
229 |
|
|
Paid |
219 |
|
|
Outstanding |
10 |
|
|
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 |
72 |
129 |
16 |
1 |
1 |
|
Outstanding |
2 |
7 |
1 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.44 |
|
UK Pound |
1 |
Rs.102.41 |
|
Euro |
1 |
Rs.75.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
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.