3decades

MIRA INFORM REPORT

Report No. :	492458
Report Date :	17.02.2018

IDENTIFICATION DETAILS

Name :	NEW ENGLAND ASSOCIATES LLP

Registered Office :	Unit 4, Anglo African Ind Park, Union Road, Oldbury B69 3EX

Country :	United Kingdom

Financials (as on) :	30.09.2016

Date of Incorporation :	03.05.2011

Com. Reg. No.:	OC364247

Legal Form :	Limited Company

Line of Business :	Not Available

No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

COMPANY NAME AND ADDRESS

Company Name: NEW ENGLAND ASSOCIATES LLP

Company No: OC364247

Company Status: Active - Accounts Filed

Registered Address: UNIT 4, ANGLO AFRICAN IND PARKUNION ROADOLDBURYB69 3EX

Company Summary

Registered Address UNIT 4, ANGLO AFRICAN IND PARK, UNION ROAD, OLDBURY B69 3EX

Trading Address Unit 4, Anglo African Ind Park, Union Road, Oldbury, West Midlands B69 3EX

Website Address http://www.newengland.co.uk

Telephone Number --

Fax Number --

TPS --

FPS Yes

Incorporation Date 03/05/2011

Previous Name --

Type Limited Company

FTSE Index --

Date of Change --

Filing Date of Accounts 30/06/2017

Currency --

Share Capital --

SIC07 --

Charity Number --

SIC07 Description --

Principal Activity --

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

30/09/2016 - - £68,554 -

30/09/2015 - - £29,487 -

05/04/2015 - - £27,577 -

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

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.

The latest Balance Sheet indicates a 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.

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	0
Total Previous Directors / Company Secretaries	0	Total Person's With Significant Control	3

Current Directors

Title	Mr	Function	LLP Designated Member
Name	Brian James Henshall	Nationality	British
Date of Birth	07/1946	Present Appointments	10
Latest Address	44 Camp Hill Road, Worcester, Worcestershire	Appointment Date	03/05/2011
Post Code	WR5 2HG

Title	Mr	Function	LLP Designated Member
Name	Thomas David Heath	Nationality	British
Date of Birth	01/1951	Present Appointments	5
Latest Address	Green Acres Main Street, Bishampton, Nr Pershore, Worcestershire	Appointment Date	03/05/2011
Post Code	WR10 2LX

Title	Mr	Function	LLP Member
Name	Thomas Heath Jr	Nationality
Date of Birth	04/1978	Present Appointments	1
Latest Address	2 The Dovecote Charlton, Pershore, Worcestershire	Appointment Date	03/05/2011
Post Code	WR10 3LL

Top Shareholders

No shareholders to display

Financials

PROFIT & LOSS

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	05/04/15	(%)	05/04/14	(%)	05/04/13
	Weeks	52	(%)	25	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Depreciation	£9,256	57.4%	£5,879	-15%	£6,918	-34.8%	£10,609	37%	£7,742
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

BALANCE SHEET

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	05/04/15	(%)	05/04/14	(%)	05/04/13
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Tangible Assets	£52,461	57.5%	£33,317	-15%	£39,196	-15%	£46,114	5.1%	£43,875
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Total Fixed Assets	£52,461	57.5%	£33,317	-15%	£39,196	-15%	£46,114	5.1%	£43,875
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Stock	£6,173	-12.2%	£7,028	274.6%	£1,876	-63.8%	£5,180	-5.5%	£5,480
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Trade Debtors	£95,962	-5.9%	£101,973	242.2%	£29,802	6.5%	£27,972	-18.2%	£34,193
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Cash	£149,349	9.9%	£135,837	-38.4%	£220,460	999.9%	£18,201	48.7%	£12,244
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Total Current Assets	£251,484	2.7%	£244,838	-2.9%	£252,138	391%	£51,353	-1.1%	£51,917
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Trade Creditors	£235,391	-5.3%	£248,668	-5.7%	£263,757	305.4%	£65,067	28.6%	£50,599
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Total Current Liabilities	£235,391	-5.3%	£248,668	-5.7%	£263,757	305.4%	£65,067	28.6%	£50,599
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

CAPITAL & RESERVES

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	05/04/15	(%)	05/04/14	(%)	05/04/13
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Called Up Share Capital	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	P & L Account Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Sundry Reserves	£68,554	132.5%	£29,487	6.9%	£27,577	-14.9%	£32,400	-28.3%	£45,193
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Shareholder Funds	£68,554	132.5%	£29,487	6.9%	£27,577	-14.9%	£32,400	-28.3%	£45,193

OTHER FINANCIAL ITEMS

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	05/04/15	(%)	05/04/14	(%)	05/04/13
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Net Worth	£68,554	132.5%	£29,487	6.9%	£27,577	-14.9%	£32,400	-28.3%	£45,193
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Working Capital	£16,093	520.2%	-£3,830	67%	-£11,619	15.3%	-£13,714	-999.9%	£1,318
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Total Assets	£303,945	9.3%	£278,155	-4.5%	£291,334	198.9%	£97,467	1.7%	£95,792
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Total Liabilities	£235,391	-5.3%	£248,668	-5.7%	£263,757	305.4%	£65,067	28.6%	£50,599
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Net Assets	£68,554	132.5%	£29,487	6.9%	£27,577	-14.9%	£32,400	-28.3%	£45,193

CASH FLOW

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	05/04/15	(%)	05/04/14	(%)	05/04/13
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

MISCELLANEOUS

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	05/04/15	(%)	05/04/14	(%)	05/04/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Capital Employed	£68,554	132.5%	£29,487	6.9%	£27,577	-14.9%	£32,400	-28.3%	£45,193
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code	60-02-35

RATIOS

	Date Of Accounts	30/09/16	30/09/15	05/04/15	05/04/14	05/04/13
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Current ratio	1.07	0.98	0.96	0.79	1.03
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Equity in %	22.60	10.60	9.50	33.20	47.20
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Liquidity/Acid Test	1.04	0.95	0.94	0.70	0.91
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Current Debt Ratio	3.43	8.43	9.56	2	1.11
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Total Debt Ratio	3.43	8.43	9.56	2	1.11
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\NEW ENGLAND ASSOICATED LLP_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
11/07/2017	New Accounts Filed
11/07/2017	New Accounts Filed
12/05/2017	Confirmation Statement
08/07/2016	New Accounts Filed
08/05/2016	Annual Returns
14/01/2016	New Accounts Filed
12/05/2015	Annual Returns
13/03/2015	Change in Reg. Office
10/01/2015	New Accounts Filed
12/05/2014	Annual Returns
14/01/2014	New Accounts Filed
09/05/2013	Annual Returns
22/04/2013	Change in Reg. Office
22/04/2013	Change of Company Postcode
16/01/2013	New Accounts Filed

Previous Company Names

No Previous Names found

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

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Previous Director/Company Secretaries

No Previous Director Details
Total Persons With Significant Control	3	Total Statements	0
Active	3	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Thomas David Heath	Kind	Individual Person With Significant Control
Address	Green Acres Main Street, Bishampton, Nr Pershore, Worcestershire	Country Of Residence	England
Post Code	WR10 2LX	Nationality	British
Date of Birth	01/1951	Notified On	06/04/2016
Nature Of Control	Voting Rights 25 To 50 Percent Limited Liability Partnership,Right To Share Surplus Assets 25 To 50 Percent Limited Liability Partnership
Name	Thomas Heath Jr	Kind	Individual Person With Significant Control
Address	2 The Dovecote Charlton, Pershore, Worcestershire	Country Of Residence	England
Post Code	WR10 3LL	Nationality	British
Date of Birth	04/1978	Notified On	06/04/2016
Nature Of Control	Voting Rights 25 To 50 Percent Limited Liability Partnership,Right To Share Surplus Assets 25 To 50 Percent Limited Liability Partnership

Name	Mr Brian James Henshall	Kind	Individual Person With Significant Control
Address	44 Camp Hill Road, Worcester, Worcestershire	Country Of Residence	England
Post Code	WR5 2HG	Nationality	British
Date of Birth	07/1946	Notified On	06/04/2016
Nature Of Control	Voting Rights 25 To 50 Percent Limited Liability Partnership,Right To Share Surplus Assets 25 To 50 Percent Limited Liability Partnership

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display
Average Invoice Value	n/a
Invoices available	n/a
Paid	n/a
Outstanding	n/a

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
Outstanding

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 63.91
UK Pound	1	INR 90.31
Euro	1	INR 80.17
GBP	1	INR 90.33

Note: Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	VIV

Report Prepared by :	NIT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.