|
|
|
MIRA INFORM REPORT
|
Report No. : |
488164 |
|
Report Date : |
25.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
HUTTENES-ALBERTUS U.K. LIMITED |
|
|
|
|
Registered Office : |
Unit 3 Marrtree Business Park, Kirkwood
Close, Sheffield, S36 8zp |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
22.03.1978 |
|
|
|
|
Com. Reg. No.: |
01359479 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of other organic basic chemicals |
|
|
|
|
No. of Employees : |
9 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
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
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
United Kingdom |
A1 |
A1 |
|
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
HUTTENES-ALBERTUS U.K. LIMITED
UNIT 3 MARRTREE BUSINESS PARK KIRKWOOD CLOSE SHEFFIELD S36 8ZP
Company
No.
01359479
Company
Status
Active - Accounts Filed
Company
Summary
Registered
Address UNIT 3 MARRTREE
BUSINESS PARK
KIRKWOOD CLOSE
SHEFFIELD
S36 8ZP
Trading
Address Unit 3,
Marrtree Business Park
Kirkwood Close
Oxspring
Sheffield, South Yorkshire
S36 8ZP
Website Address http://www.huttenes-albertus.co.uk
Telephone Number -
Fax Number
TPS -
FPS Yes
Incorporation Date 22/03/1978
Previous Name
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 28/04/2017
Currency GBP
Share Capital £449,777
SIC07 20140
Charity Number -
SIC07 Description MANUFACTURE
OF OTHER ORGANIC BASIC CHEMICALS
Principal Activity Manufacture
of inorganic basic chemicals.
Additional
Information
CCJ's 0
(£0)
No CCJ Information To Display
Ultimate
Holding Company HÜTTENES-ALBERTUS
CHEMISCHE WERKE GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG
Accountant -
Mortgages 4
Group 2
companies
Linkages 4
companies
Countries In
1 countries
Key
Financials
Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees
31/12/2016 £2,701,064 £185,899 £618,267
9
31/12/2015 £2,511,273 -£33,979 £432,368
11
31/12/2014 £2,611,522 £54,240 £566,347
12
Mortgage
Summary
Total Mortgage 4
Outstanding 2
Satisfied 2
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 positive net working
capital position. |
|
The latest cash balances are considered to be low 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 |
1 |
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
14 |
Total Person's With Significant Control |
1 |
Current
Directors
|
Title |
Mr |
Function |
Director |
|
Name |
Martin Daniel Horstmann |
Nationality |
German |
|
Date of Birth |
05/1963 |
Present Appointments |
2 |
|
Latest Address |
Unit 3 Marrtree Business Park Kirkwood Close, Oxspring,
Sheffield |
Appointment Date |
01/01/2013 |
|
Post Code |
S36 8ZP |
||
Current
Company Secretary
|
Title |
Mr |
Function |
Company Secretary |
|
Name |
Richard John Bentley |
Nationality |
British |
|
Date of Birth |
08/1968 |
Present Appointments |
1 |
|
Latest Address |
49 Victoria Street, Penistone, Sheffield, South Yorkshire |
Appointment Date |
31/05/2007 |
|
Post Code |
S36 6EL |
Top
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
HUTTENES-ALBERTUS CHEMISCHE WERK GMBH |
GBP |
449,777 |
ORDINARY |
1 |
100 |
Financial
Profit & Loss
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£2,701,064 |
7.6% |
£2,511,273 |
-3.8% |
£2,611,522 |
- |
- |
- |
- |
|
|
Export |
£426,784 |
-10.6% |
£477,620 |
-7.3% |
£515,462 |
- |
- |
- |
- |
|
|
Cost of Sales |
£2,179,093 |
5.2% |
£2,070,819 |
0.2% |
£2,066,016 |
- |
- |
- |
- |
|
|
Gross Profit |
£521,971 |
18.5% |
£440,454 |
-19.3% |
£545,506 |
- |
- |
- |
- |
|
|
Wages & Salaries |
£324,952 |
-11.2% |
£366,110 |
-0.4% |
£367,518 |
- |
- |
- |
- |
|
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Operating Profit |
£168,759 |
458.2% |
-£47,108 |
-320% |
£21,411 |
- |
- |
- |
- |
|
|
Depreciation |
£35,368 |
4.9% |
£33,708 |
1% |
£33,383 |
-30.6% |
£48,075 |
-56.9% |
£111,630 |
|
|
Audit Fees |
£9,000 |
- |
£9,000 |
-5.8% |
£9,556 |
- |
- |
- |
- |
|
|
Interest Payments |
£7,866 |
-33.9% |
£11,897 |
-31.4% |
£17,341 |
- |
- |
- |
- |
|
|
Pre Tax Profit |
£185,899 |
647.1% |
-£33,979 |
-162.6% |
£54,240 |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
100% |
-£32 |
- |
- |
- |
- |
|
|
Profit After Tax |
£185,899 |
647.1% |
-£33,979 |
-162.7% |
£54,208 |
- |
- |
- |
- |
|
|
Dividends Payable |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
- |
- |
- |
|
|
Retained Profit |
£85,899 |
164.1% |
-£133,979 |
-192.6% |
-£45,792 |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Tangible Assets |
£380,586 |
-6.1% |
£405,175 |
-7.7% |
£438,743 |
-3.6% |
£455,300 |
1% |
£450,950 |
|
|
Intangible Assets |
£4 |
- |
£4 |
- |
£4 |
- |
£4 |
- |
£4 |
|
|
Total Fixed Assets |
£380,590 |
-6.1% |
£405,179 |
-7.7% |
£438,747 |
-3.6% |
£455,304 |
1% |
£450,954 |
|
|
Stock |
£455,411 |
11.7% |
£407,729 |
-1.2% |
£412,625 |
-8.9% |
£452,886 |
1.5% |
£446,062 |
|
|
Trade Debtors |
£593,500 |
-2.4% |
£607,942 |
18.6% |
£512,465 |
-31.2% |
£744,412 |
-22.3% |
£957,819 |
|
|
Cash |
£33 |
-100% |
£91,908 |
-13.9% |
£106,798 |
-52.1% |
£223,042 |
26.3% |
£176,541 |
|
|
Other Debtors |
£80,781 |
-56.8% |
£186,851 |
40.1% |
£133,329 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£1,129,725 |
-12.7% |
£1,294,430 |
11.1% |
£1,165,217 |
-18% |
£1,420,340 |
-10.1% |
£1,580,422 |
|
|
Trade Creditors |
£116,918 |
8.1% |
£108,190 |
-0.2% |
£108,448 |
-85.4% |
£741,202 |
3.8% |
£714,218 |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
£643,854 |
-20.3% |
£807,541 |
73.1% |
£466,603 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Liabilities |
£131,276 |
2.8% |
£127,663 |
42.7% |
£89,491 |
- |
0 |
- |
0 |
|
|
Total Current Liabilities |
£892,048 |
-14.5% |
£1,043,394 |
57% |
£664,542 |
-10.3% |
£741,202 |
3.8% |
£714,218 |
|
|
Bank Loans & Overdrafts and LTL |
0 |
-100% |
£223,847 |
-40% |
£373,075 |
-28.6% |
£522,303 |
-12.9% |
£600,000 |
|
|
Other Long Term Finance |
0 |
-100% |
£223,847 |
-40% |
£373,075 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
0 |
-100% |
£223,847 |
-40% |
£373,075 |
-28.6% |
£522,303 |
-12.9% |
£600,000 |
Capital & Reserves
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Called Up Share Capital |
£449,777 |
- |
£449,777 |
- |
£449,777 |
- |
£449,777 |
- |
£449,777 |
|
|
P & L Account Reserve |
£168,490 |
999.9% |
-£17,409 |
-114.9% |
£116,570 |
-28.2% |
£162,362 |
-39.3% |
£267,381 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£618,267 |
43% |
£432,368 |
-23.7% |
£566,347 |
-7.5% |
£612,139 |
-14.6% |
£717,158 |
Other Financial Items
|
Date Of
Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Net Worth |
£618,263 |
43% |
£432,364 |
-23.7% |
£566,343 |
-7.5% |
£612,135 |
-14.6% |
£717,154 |
|
|
Working Capital |
£237,677 |
-5.3% |
£251,036 |
-49.9% |
£500,675 |
-26.3% |
£679,138 |
-21.6% |
£866,204 |
|
|
Total Assets |
£1,510,315 |
-11.1% |
£1,699,609 |
6% |
£1,603,964 |
-14.5% |
£1,875,644 |
-7.7% |
£2,031,376 |
|
|
Total Liabilities |
£892,048 |
-29.6% |
£1,267,241 |
22.1% |
£1,037,617 |
-17.9% |
£1,263,505 |
-3.9% |
£1,314,218 |
|
|
Net Assets |
£618,267 |
43% |
£432,368 |
-23.7% |
£566,347 |
-7.5% |
£612,139 |
-14.6% |
£717,158 |
Miscellaneous
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£618,267 |
-5.8% |
£656,215 |
-30.1% |
£939,422 |
-17.2% |
£1,134,442 |
-13.9% |
£1,317,158 |
|
|
Number of Employees |
9 |
-18.2% |
11 |
-8.3% |
12 |
- |
- |
- |
- |
|
Accountants |
||||||||||
|
Auditors |
BDO LLP |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
BARCLAYS BANK PLC |
|||||||||
|
Bank Branch Code |
20-27-17 |
|||||||||
Ratios
|
Date Of Accounts |
31/12/16 |
31/12/15 |
31/12/14 |
31/12/13 |
31/12/12 |
|
|
|
Pre-tax profit margin % |
6.88 |
-1.35 |
2.08 |
- |
- |
|
|
Current ratio |
1.27 |
1.24 |
1.75 |
1.92 |
2.21 |
|
|
Sales/Net Working Capital |
11.36 |
10 |
5.22 |
- |
- |
|
|
Gearing % |
0 |
51.80 |
65.90 |
85.30 |
83.70 |
|
|
Equity in % |
40.90 |
25.40 |
35.30 |
32.60 |
35.30 |
|
|
Creditor Days |
15.75 |
15.68 |
15.11 |
- |
- |
|
|
Debtor Days |
79.98 |
88.11 |
71.42 |
- |
- |
|
|
Liquidity/Acid Test |
0.75 |
0.84 |
1.13 |
1.30 |
1.58 |
|
|
Return On Capital Employed % |
30.06 |
-5.17 |
5.77 |
- |
- |
|
|
Return On Total Assets Employed % |
12.30 |
-1.99 |
3.38 |
- |
- |
|
|
Current Debt Ratio |
1.44 |
2.41 |
1.17 |
1.21 |
0.99 |
|
|
Total Debt Ratio |
1.44 |
2.93 |
1.83 |
2.06 |
1.83 |
|
|
Stock Turnover Ratio % |
16.86 |
16.23 |
15.80 |
- |
- |
|
|
Return on Net Assets Employed % |
30.06 |
-7.85 |
9.57 |
- |
- |
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
22/07/2017 |
Confirmation Statement |
|
23/06/2017 |
Mr L. Pollakowsky has left the board |
|
13/05/2017 |
New Accounts Filed |
|
28/09/2016 |
Payment Data Update Received |
|
27/09/2016 |
New Accounts Filed |
|
27/09/2016 |
New Accounts Filed |
|
28/07/2016 |
Annual Returns |
|
17/07/2015 |
Annual Returns |
|
12/06/2015 |
New Accounts Filed |
|
23/07/2014 |
New Accounts Filed |
|
16/07/2014 |
Annual Returns |
|
15/01/2014 |
Mr K.J. De Vries has left the board |
|
15/01/2014 |
New Board Member Mr L. Pollakowsky appointed |
|
12/09/2013 |
Change in Reg.Office |
|
12/09/2013 |
Change of Company Postcode |
Previous Company Names
|
No Previous Names found |
Writ
Details
|
No writs found |
Statistics
|
Group |
2 companies |
|
Linkages |
4 companies |
|
Countries |
In 1 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
HÜTTENES-ALBERTUS CHEMISCHE WERKE GESELLSCHAFT MIT BESCHRÄNKTER
HAFTUNG |
Group
Structure Full
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
HRB 11916 |
31.12.2015 |
Y |
€465,463,496 |
|
|
01359479 |
31.12.2016 |
N |
£2,701,064 |
Other
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|
Name |
Number |
Latest Key Financials |
Turnover |
|
EUROKERN GIEßEREITECHNIK GMBH |
HRB 6582 |
31.12.2015 |
|
|
HÜTTENES-ALBERTUS-LACKROHSTOFF GMBH |
HRB 30705 |
31.12.2007 |
|
|
GEBR. HÜTTENES GMBH & CO. KG. |
HRA 384 |
31.12.2016 |
|
|
CHEMEX GESELLSCHAFT MIT BESCHRÄNKTER HAFTUNG HERSTELLUNG UND VERTRIEB
CHEMISCH - METALLURGISCHER ERZEUGNISSE |
HRB 110970 |
31.12.2014 |
Mortgage
Details
|
Mortgage Type: |
CHARGE OVER SHARES |
||
|
Date Charge Created: |
21/03/97 |
||
|
Date Charge Registered: |
08/04/97 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HUTTENES ALBERTUS CHEMISCHE WERKE GMBH |
||
|
Amount Secured: |
£236,437.70 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
||
|
Details: |
125 ORDINARY SHARES OF £1 EACH IN TILCON-HUTTENESALBRTUS LIMITED
WITH ALL RIGHTS DIVIDENDS AND BONUSES SEE THE MORTGAGE CHARGE DOCUMENT FOR
FULL DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
02/03/90 |
||
|
Date Charge Registered: |
13/03/90 |
||
|
Date Charge Satisfied: |
09/07/08 |
||
|
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: |
LAND AND BUILDINGS LYING TO THE EAST OFPEDMORE ROAD DUDLEY WEST
MIDLANDS T/N SF 84032. |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
31/07/89 |
||
|
Date Charge Registered: |
09/08/89 |
||
|
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: |
LEGAL CHARGE |
||
|
Date Charge Created: |
31/07/89 |
||
|
Date Charge Registered: |
09/08/89 |
||
|
Date Charge Satisfied: |
02/06/90 |
||
|
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: |
LAND & BUILDINGS EAST OF PEDMORE ROAD, DUDLEY, W MIDS. T/N
SF 84032. |
||
Previous
Director/Company Secretaries
|
Name |
Current Active Appointments |
Previous Appointments |
Dissolved Companies |
|
|||
|
Friedrich Bernhard Aldenhoff |
0 |
2 |
0 |
|
|||
|
Jennifer Ann Gavin |
0 |
1 |
1 |
|
|||
|
Bernd Stapenhorst |
0 |
2 |
1 |
|
|||
|
Roger Wyndham Jones |
0 |
1 |
1 |
|
|||
|
Wilhelm Kuhlgatz |
0 |
1 |
1 |
|
|||
|
Klaus Pampel |
0 |
2 |
1 |
|
|||
|
David John Armitage |
1 |
1 |
1 |
|
|||
|
Norbert Schrader |
0 |
1 |
1 |
|
|||
|
Susan Valerie Ward |
0 |
1 |
1 |
|
|||
|
Michael Anthony Smith |
0 |
2 |
5 |
|
|||
|
David Barry Alcock |
0 |
1 |
1 |
|
|||
|
Dirk Kuntz |
0 |
2 |
0 |
|
|||
|
Klaas Jan De Vries |
0 |
1 |
0 |
|
|||
|
Lutz Pollakowsky |
0 |
1 |
0 |
|
|||
|
Total Persons With Significant Control |
1 |
Total Statements |
0 |
||||
|
Active |
1 |
Active |
0 |
||||
|
Ceased |
0 |
Ceased |
0 |
||||
Active
Persons With Significant Control
|
Name |
Mr Richard John Bentley |
Kind |
Individual Person With Significant Control |
|
Address |
Unit 3 Marrtree Business Park Kirkwood Close, Oxspring,
Sheffield |
Country Of Residence |
England |
|
Post Code |
S36 8ZP |
Nationality |
British |
|
Date of Birth |
08/1968 |
Notified On |
06/04/2016 |
|
Nature Of Control |
Has significant influence or control |
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 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.64 |
|
|
1 |
INR 89.32 |
|
Euro |
1 |
INR 78.45 |
|
GBP |
1 |
INR 90.76 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
VAR |
|
|
|
|
Report Prepared
by : |
KET / TRU |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.