MIRA INFORM REPORT
|
Report No. : |
342006 |
|
Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SOP INTERNATIONAL LIMITED |
|
|
|
|
Formerly Known As : |
SOUTHERN
OIL PRODUCTS (LONDON) LIMITED |
|
|
|
|
Registered Office : |
Orland House Mead Lane, Hertford, Hertfordshire, SG13 7AT |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
04.07.2014 |
|
|
|
|
Date of Incorporation : |
21.11.1984 |
|
|
|
|
Com. Reg. No.: |
01865316 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture
of Oils and Fats. |
|
|
|
|
No. of Employees : |
36 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
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.
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
Company
Name: SOP INTERNATIONAL LIMITED
Company
No: 01865316
Company
Status: Active - Accounts Filed
Registered
Address: ORLAND HOUSE MEAD LANE HERTFORD
HERTFORDSHIRE SG13 7AT
Company
Summary
Registered
Address ORLAND HOUSE MEAD LANE,
HERTFORD, HERTFORDSHIRE, SG13 7AT
Trading
Address Orland House, Mead
Lane, Hertford, Hertfordshire, SG13 7AT
Website
Address http://www.sopinternational.com
Telephone
Number 01992584466
Fax
Number --
TPS
No
FPS
No
Incorporation
Date 21/11/1984
Previous
Name SOUTHERN OIL PRODUCTS
(LONDON) LIMITED
Type
Private
limited with Share Capital
FTSE
Index -
Date
of Change 08/08/2006
Filing
Date of Accounts 18/02/2015
Currency
GBP
Share
Capital £100,000
SIC07
10410
Charity
Number -
SIC07
Description MANUFACTURE OF OILS
AND FATS
Principal
Activity The processing and packaging
edible oils and the import and distribution of Asian foodstuffs.
Key
Financials
Year
to Date Turnover Pre Tax Profit Shareholder Funds Employees
04/07/2014
£33,244,087 £1,073,283 £5,278,165
36
28/06/2013
£30,113,739 £958,846 £4,648,021
32
29/06/2012
£29,466,391 £908,161 £4,117,412
31
Mortgage
Summary
Total
Mortgage 1
Outstanding 1
Satisfied 0
Trade
Debtors / Bad Debt Summary
Total
Number of Documented Trade 3
Total
Value of Documented Trade £71,720
Commentary
|
This
company has been treated as a Medium company in respect of the rating/limit
generated. |
|
This
company's ratio of total liabilities to total assets indicates the presence
of moderate equity funding. |
|
This
company's return on total assets employed ratio indicates a relatively
efficient use of assets. |
|
This
company has only made late payments on a low percentage of invoices. |
|
This
company's bank loans and overdrafts (less cash) account for a moderate percentage
of short term liabilities. |
|
This
company trades in an industry with a 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 |
13 |
Current
Directors
|
Name |
Lesley
Campbell |
Date
of Birth |
30/05/1950 |
|
Officers
Title |
Ms |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment
Date |
31/08/2001 |
||
|
Address |
Hamels
Lodge Hamels Park, Buntingford, Hertfordshire, SG9 9NB |
||
|
Name |
Shabir
Patel |
Date
of Birth |
06/04/1958 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment
Date |
27/11/1996 |
||
|
Address |
Woodlands
4 Hill Head House Wheelwright Drive, Dewsbury, West Yorkshire, WF13 4JB |
||
|
Name |
David
Chattwell |
Date
of Birth |
18/05/1977 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
01/07/2008 |
||
|
Address |
29a
Ennismore Mews, London, SW7 1AP |
||
|
Name |
Antony
David Barrie Grainge |
Date
of Birth |
04/11/1964 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
06/07/2009 |
||
|
Address |
18
Knights Close, Buntingford, Hertfordshire, SG9 9SE |
||
|
Name |
Rafiul
Islam Chowdhury |
Date
of Birth |
27/06/1971 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
07/07/2014 |
||
|
Address |
Orland
House Mead Lane, Hertford, SG13 7AT |
||
|
Name |
Andrew
Frederick George Langley |
Date
of Birth |
- |
|
Officers
Title |
Mr |
Nationality |
|
|
Present
Appointments |
1 |
Function |
Company
Secretary |
|
Appointment
Date |
30/05/2013 |
||
|
Address |
Orland
House Mead Lane, Hertford, Hertfordshire, SG13 7AT |
||
Top
20 Shareholders
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
HARTFORD
INVESTMENT GROUP LTD |
GBP |
28,500 |
ORDINARY
|
1 |
28.5 |
|
ARCO
INTERNATIONAL GROUP LTD |
GBP |
28,500 |
ORDINARY
|
1 |
28.5 |
|
LYNROSS
INVESTMENTS LTD |
GBP |
28,000 |
ORDINARY
|
1 |
28 |
|
CROWBURY
ASSETS LIMITED |
GBP |
7,500 |
ORDINARY
|
1 |
7.5 |
|
SHABIR
PATEL |
GBP |
5,000 |
ORDINARY
|
1 |
5 |
|
ANTONY
GRAINGE |
GBP |
2,500 |
ORDINARY
|
1 |
2.5 |
Financials
Profit
& Loss
|
Date
Of Accounts |
04/07/14 |
(%) |
28/06/13 |
(%) |
29/06/12 |
(%) |
01/07/11 |
(%) |
02/07/10 |
|
|
Weeks |
53 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated
A/cs |
N |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
|
|
Turnover |
£33,244,087 |
10.4% |
£30,113,739 |
2.2% |
£29,466,391 |
-1% |
£29,759,442 |
19.2% |
£24,972,444 |
|
|
Export |
£5,548,921 |
26.6% |
£4,384,129 |
-17.5% |
£5,315,005 |
- |
- |
- |
£4,059,331 |
|
|
Cost
of Sales |
£29,044,393 |
10.4% |
£26,296,673 |
2.3% |
£25,701,566 |
0.1% |
£25,684,271 |
18.4% |
£21,693,193 |
|
|
Gross
Profit |
£4,199,694 |
10% |
£3,817,066 |
1.4% |
£3,764,825 |
-7.6% |
£4,075,171 |
24.3% |
£3,279,251 |
|
|
Wages
& Salaries |
£1,574,651 |
15% |
£1,369,019 |
9.8% |
£1,246,559 |
-2.3% |
£1,275,518 |
4.8% |
£1,217,538 |
|
|
Directors
Emoluments |
£457,184 |
3.4% |
£442,087 |
7.3% |
£412,043 |
2.2% |
£403,263 |
7.1% |
£376,588 |
|
|
Operating
Profit |
£1,140,997 |
9.7% |
£1,039,889 |
4.1% |
£998,513 |
-13.1% |
£1,148,987 |
118.9% |
£524,833 |
|
|
Depreciation |
£44,284 |
-0.6% |
£44,554 |
61.1% |
£27,658 |
2.2% |
£27,065 |
-12.3% |
£30,848 |
|
|
Audit
Fees |
£17,362 |
19.7% |
£14,504 |
- |
£14,504 |
5.3% |
£13,775 |
14.6% |
£12,025 |
|
|
Interest
Payments |
£67,714 |
-16.4% |
£81,043 |
-10.3% |
£90,352 |
-8.7% |
£98,989 |
9% |
£90,800 |
|
|
Pre
Tax Profit |
£1,073,283 |
11.9% |
£958,846 |
5.6% |
£908,161 |
-13.5% |
£1,049,998 |
141.9% |
£434,033 |
|
|
Taxation |
-£243,139 |
-6.5% |
-£228,237 |
-0.6% |
-£226,869 |
20.3% |
-£284,651 |
-168.3% |
-£106,095 |
|
|
Profit
After Tax |
£830,144 |
13.6% |
£730,609 |
7.2% |
£681,292 |
-11% |
£765,347 |
133.4% |
£327,938 |
|
|
Dividends
Payable |
£200,000 |
- |
£200,000 |
33.3% |
£150,000 |
- |
£150,000 |
50% |
£100,000 |
|
|
Retained
Profit |
£630,144 |
18.8% |
£530,609 |
-0.1% |
£531,292 |
-13.7% |
£615,347 |
170% |
£227,938 |
Balance
Sheet
|
Date
Of Accounts |
04/07/14 |
(%) |
28/06/13 |
(%) |
29/06/12 |
(%) |
01/07/11 |
(%) |
02/07/10 |
|
|
|
Tangible
Assets |
£294,697 |
60.3% |
£183,827 |
36.4% |
£134,734 |
4.6% |
£128,840 |
3.3% |
£124,784 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Fixed Assets |
£294,697 |
60.3% |
£183,827 |
36.4% |
£134,734 |
4.6% |
£128,840 |
3.3% |
£124,784 |
|
|
Stock |
£3,468,030 |
2.3% |
£3,389,485 |
6.1% |
£3,195,760 |
20.2% |
£2,658,152 |
13.8% |
£2,335,607 |
|
|
Trade
Debtors |
£6,088,790 |
15.2% |
£5,283,428 |
12.5% |
£4,695,801 |
-12.4% |
£5,359,733 |
13.1% |
£4,740,617 |
|
|
Cash |
£5,975 |
-97.8% |
£275,988 |
51.8% |
£181,822 |
-61.4% |
£470,870 |
-16.1% |
£561,420 |
|
|
Other
Debtors |
£336,609 |
15.7% |
£290,808 |
-18% |
£354,639 |
30.7% |
£271,368 |
22.9% |
£220,742 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Assets |
£9,899,404 |
7.1% |
£9,239,709 |
9.6% |
£8,428,022 |
-3.8% |
£8,760,123 |
11.5% |
£7,858,386 |
|
|
Trade
Creditors |
£1,951,575 |
-5.5% |
£2,065,906 |
17.5% |
£1,757,507 |
-28.6% |
£2,459,990 |
28.4% |
£1,916,545 |
|
|
Bank
Loans & Overdrafts |
£1,575,292 |
37.9% |
£1,142,381 |
-19.8% |
£1,423,662 |
-18.1% |
£1,738,071 |
-26.1% |
£2,351,639 |
|
|
Other
Short Term Finance |
£124,697 |
369.9% |
£26,536 |
104.8% |
£12,954 |
-32.6% |
£19,221 |
25.6% |
£15,300 |
|
|
Miscellaneous
Current Liabilities |
£1,228,801 |
-18.9% |
£1,514,453 |
21.9% |
£1,242,218 |
16.8% |
£1,063,604 |
48.5% |
£716,380 |
|
|
Total
Current Liabilities |
£4,880,365 |
2.8% |
£4,749,276 |
7.1% |
£4,436,341 |
-16% |
£5,280,886 |
5.6% |
£4,999,864 |
|
|
Bank
Loans & Overdrafts and LTL |
£1,610,863 |
37.8% |
£1,168,620 |
-18.4% |
£1,432,665 |
-18.6% |
£1,760,028 |
-25.6% |
£2,364,172 |
|
|
Other
Long Term Finance |
£35,571 |
35.6% |
£26,239 |
191.4% |
£9,003 |
-59% |
£21,957 |
75.2% |
£12,533 |
|
|
Total
Long Term Liabilities |
£35,571 |
35.6% |
£26,239 |
191.4% |
£9,003 |
-59% |
£21,957 |
75.2% |
£12,533 |
.
Capital
& Reserves
|
Date
Of Accounts |
04/07/14 |
(%) |
28/06/13 |
(%) |
29/06/12 |
(%) |
01/07/11 |
(%) |
02/07/10 |
|
|
|
Called
Up Share Capital |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
|
|
P
& L Account Reserve |
£5,178,165 |
13.9% |
£4,548,021 |
13.2% |
£4,017,412 |
15.2% |
£3,486,120 |
21.4% |
£2,870,773 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder
Funds |
£5,278,165 |
13.6% |
£4,648,021 |
12.9% |
£4,117,412 |
14.8% |
£3,586,120 |
20.7% |
£2,970,773 |
Other
Financial Items
|
Date
Of Accounts |
04/07/14 |
(%) |
28/06/13 |
(%) |
29/06/12 |
(%) |
01/07/11 |
(%) |
02/07/10 |
|
|
|
Net
Worth |
£5,278,165 |
13.6% |
£4,648,021 |
12.9% |
£4,117,412 |
14.8% |
£3,586,120 |
20.7% |
£2,970,773 |
|
|
Working
Capital |
£5,019,039 |
11.8% |
£4,490,433 |
12.5% |
£3,991,681 |
14.7% |
£3,479,237 |
21.7% |
£2,858,522 |
|
|
Total
Assets |
£10,194,101 |
8.2% |
£9,423,536 |
10.1% |
£8,562,756 |
-3.7% |
£8,888,963 |
11.3% |
£7,983,170 |
|
|
Total
Liabilities |
£4,915,936 |
2.9% |
£4,775,515 |
7.4% |
£4,445,344 |
-16.2% |
£5,302,843 |
5.8% |
£5,012,397 |
|
|
Net
Assets |
£5,278,165 |
13.6% |
£4,648,021 |
12.9% |
£4,117,412 |
14.8% |
£3,586,120 |
20.7% |
£2,970,773 |
Cash
Flow
|
Date
Of Accounts |
04/07/14 |
(%) |
28/06/13 |
(%) |
29/06/12 |
(%) |
01/07/11 |
(%) |
02/07/10 |
|
|
|
Net
Cashflow from Operations |
-£75,832 |
-108.5% |
£895,239 |
42.5% |
£628,377 |
-23.6% |
£822,240 |
76.3% |
£466,278 |
|
|
Net
Cashflow before Financing |
-£674,596 |
-260% |
£421,754 |
846% |
£44,582 |
-91.3% |
£509,673 |
775.9% |
£58,191 |
|
|
Net
Cashflow from Financing |
£458,070 |
358.6% |
-£177,137 |
-152.5% |
£337,419 |
156.2% |
-£600,223 |
-245.3% |
£413,206 |
|
|
Increase
in Cash |
-£216,526 |
-188.5% |
£244,617 |
-36% |
£382,001 |
521.9% |
-£90,550 |
-119.2% |
£471,397 |
Miscellaneous
|
Date
Of Accounts |
04/07/14 |
(%) |
28/06/13 |
(%) |
29/06/12 |
(%) |
01/07/11 |
(%) |
02/07/10 |
|
|
Contingent
Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
|
|
Capital
Employed |
£5,313,736 |
13.7% |
£4,674,260 |
13.3% |
£4,126,415 |
14.4% |
£3,608,077 |
20.9% |
£2,983,306 |
|
|
Number
of Employees |
36 |
12.5% |
32 |
3.2% |
31 |
3.3% |
30 |
-11.8% |
34 |
|
Accountants |
||||||||||
|
Auditors |
LUBBOCK
FINE |
|||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
|||||||||
|
Bankers |
NATIONAL
WESTMINSTER BANK PLC |
|||||||||
|
Bank
Branch Code |
||||||||||
Ratios
|
Date
Of Accounts |
04/07/14 |
28/06/13 |
29/06/12 |
01/07/11 |
02/07/10 |
|
|
|
Pre-tax
profit margin % |
3.23 |
3.18 |
3.08 |
3.53 |
1.74 |
|
|
Current
ratio |
2.03 |
1.95 |
1.90 |
1.66 |
1.57 |
|
|
Sales/Net
Working Capital |
6.62 |
6.71 |
7.38 |
8.55 |
8.74 |
|
|
Gearing
% |
30.50 |
25.10 |
34.80 |
49.10 |
79.60 |
|
|
Equity
in % |
51.80 |
49.30 |
48.10 |
40.30 |
37.20 |
|
|
Creditor
Days |
21.77 |
24.97 |
21.71 |
30.08 |
27.93 |
|
|
Debtor
Days |
67.95 |
63.86 |
58 |
65.55 |
69.09 |
|
|
Liquidity/Acid
Test |
1.31 |
1.23 |
1.17 |
1.15 |
1.10 |
|
|
Return
On Capital Employed % |
20.19 |
20.51 |
22 |
29.10 |
14.54 |
|
|
Return
On Total Assets Employed % |
10.52 |
10.17 |
10.60 |
11.81 |
5.43 |
|
|
Current
Debt Ratio |
0.92 |
1.02 |
1.07 |
1.47 |
1.68 |
|
|
Total
Debt Ratio |
0.93 |
1.02 |
1.07 |
1.47 |
1.68 |
|
|
Stock
Turnover Ratio % |
10.43 |
11.25 |
10.84 |
8.93 |
9.35 |
|
|
Return
on Net Assets Employed % |
20.33 |
20.62 |
22.05 |
29.27 |
14.61 |
Report
Notes
|
There
are no notes to display. |
Status
History
|
No
Status History found |
*Event History
|
Date |
Description |
|
09/09/2015 |
Annual
Returns |
|
06/03/2015 |
New
Accounts Filed |
|
10/09/2014 |
Annual
Returns |
|
09/07/2014 |
New
Board Member Mr R.I. Chowdhury appointed |
|
09/01/2014 |
New
Accounts Filed |
|
09/01/2014 |
New
Accounts Filed |
|
19/08/2013 |
Annual
Returns |
|
03/06/2013 |
Mr
M.G. Marney has resigned as company secretary |
|
03/06/2013 |
New
Company Secretary Mr A.F. Langley appointed |
|
03/04/2013 |
New
Accounts Filed |
|
03/04/2013 |
New
Accounts Filed |
|
17/08/2012 |
Annual
Returns |
|
15/08/2012 |
Change
in Reg.Office |
|
15/08/2012 |
Change
of Company Postcode |
|
19/04/2012 |
Change
in Reg.Office |
Previous Company Names
|
Date |
Previous
Name |
|
08/08/2006 |
SOUTHERN
OIL PRODUCTS (LONDON) LIMITED |
|
21/12/1984 |
BRANDMAY
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
|
Mortgage
Details
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
08/09/04 |
||
|
Date
Charge Registered: |
09/09/04 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
HSBC
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 |
||
Trade
Debtors / Bad Debt Detail
|
Total
Number of Documented Trade |
Total
Value of Documented Trade |
|
|
Trade
Debtors |
3 |
£71,720 |
|
Company
Name |
Amount |
Statement
Date |
|
Eastern
Fortune (UK) Limited |
£53,139 |
02/02/2010 |
|
M
A N Food Service Limited |
£17,433 |
02/06/2011 |
|
Mi
Yung Limited |
£1,148 |
10/03/2010 |
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Richard
Thomas Burdon |
0 |
27 |
|
Roderick
John Garland |
12 |
49 |
|
Raymond
Chattwell |
2 |
11 |
|
Yash
Pal Mayor |
0 |
5 |
|
Fakhruddin
Taherally Suterwalla |
23 |
3 |
|
Hatim
Taherally Suterwalla |
43 |
8 |
|
Alexander
Barrie Grainge |
1 |
3 |
|
Jiraj
Taherally Suterwalla |
0 |
1 |
|
Michael
George Marney |
0 |
15 |
|
Shabir
Patel |
2 |
3 |
|
Ashraf
Ramtoola |
0 |
1 |
|
Roy
Proctor |
0 |
1 |
|
Farouk
Suterwalls |
0 |
1 |
|
Average
Invoice Value
|
Ł229.91
|
|
Invoices
available
|
37
|
|
Paid
|
36
|
|
Outstanding
|
1
|
|
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 |
14 |
20 |
2 |
0 |
0 |
|
Outstanding |
1 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.63 |
|
|
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.