|
|
|
MIRA INFORM REPORT
|
Report No. : |
500857 |
|
Report Date : |
30.03.2018 |
IDENTIFICATION DETAILS
|
Name : |
HAMPSHIRE
COMMODITIES LIMITED |
|
|
|
|
Registered Office : |
Wey Court West,
Union Road Farnham Surrey Gu9 7pt |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
11.08.1993 |
|
|
|
|
Com. Reg. No.: |
02844285 |
|
|
|
|
Legal Form : |
Private limited
with Share Capital |
|
|
|
|
Line of Business : |
·
Other
service activities ·
Commodities trading. |
|
|
|
|
No. of Employees : |
5 |
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 : |
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 |
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
Company
Name : HAMPSHIRE
COMMODITIES LIMITED
Company
No : 02844285
Company
Status : Active -
Accounts Filed
Registered
Address : WEY COURT
WEST, UNION ROADFARNHAMSURREYGU9 7PT
Company
Summary
Registered Address WEY COURT WEST, UNION
ROAD
FARNHAM
SURREY
GU9 7PT
Trading Address Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
Website
Address http://www.hampshire-commodities.co.uk
Telephone
Number -
Fax
Number
TPS
-
FPS
Yes
Incorporation
Date 11/08/1993
Previous
Name
Type
Private limited with
Share Capital
FTSE
Index -
Date
of Change -
Filing
Date of Accounts 25/08/2017
Currency
GBP
Share
Capital £10,000
SIC07
96090
Charity
Number -
SIC07
Description OTHER SERVICE
ACTIVITIES N.E.C.
Principal
Activity Commodities trading.
Additional
Information
CCJ's
0 (£0)
No
CCJ Information To Display
Ultimate
Holding Company -
Accountant
-
Mortgages
2
Trade
Debtors -
Group
0 companies
Linkages
0 companies
Countries
In 0 countries
Key
Financials
Year
to Date Turnover Pre Tax
Profit Shareholder's Funds Employees
31/12/2016 - -
£3,961,572
5
31/12/2015
£10,454,509 £490,924 £4,025,037
5
31/12/2014
£11,799,026 £663,929 £3,857,400
5
Mortgage
Summary
Total
Mortgage 2
Outstanding
1
Satisfied
1
Trade
Debtors / Bad Debt Summary
Total
Number of Documented Trade 2
Total
Value of Documented Trade
£3,363
Commentary
|
This
company has been treated as a Small company in respect of the rating/limit generated. |
|
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 |
2 |
Total
Current Secretaries |
1 |
|
Total
Previous Directors / Company Secretaries |
3 |
Total
Person's With Significant Control |
1 |
Current
Directors
|
Title |
Mr |
Function |
Director |
|
Name |
Colin
Jeffery Newman |
Nationality |
British |
|
Date
of Birth |
10/1943 |
Present
Appointments |
1 |
|
Latest
Address |
7a
Dinorben Avenue, Fleet, Hampshire |
Appointment
Date |
11/08/1993 |
|
Post
Code |
GU13
9SG |
||
|
Title |
Mr |
Function |
Director |
|
Name |
Jonathan
Hardcastle |
Nationality |
British |
|
Date
of Birth |
11/1967 |
Present
Appointments |
1 |
|
Latest
Address |
76b
Frogmore Road, Blackwater, Camberley, Surrey |
Appointment
Date |
15/08/2016 |
|
Post
Code |
GU17
0DF |
||
Current
Company Secretary
|
Title |
Function |
Company
Secretary |
|
|
Name |
JUPP
CASTLE LIMITED |
Nationality |
British |
|
Date
of Birth |
- |
Present
Appointments |
10 |
|
Latest
Address |
17
Finns Business Park, Bowenhurst Lane, Crondall Farnham, Surrey |
Appointment
Date |
01/05/2006 |
|
Post
Code |
GU10
5HP |
Top
Shareholders
|
Name |
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
COLIN
JEFFERY NEWMAN |
GBP |
10,000 |
ORDINARY |
1 |
100 |
Financials
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 |
- |
- |
£10,454,509 |
-11.4% |
£11,799,026 |
-12% |
£13,409,220 |
-1.4% |
£13,599,719 |
|
|
Export |
- |
- |
£2,635,141 |
-17.6% |
£3,198,897 |
- |
- |
- |
- |
|
|
Cost
of Sales |
- |
-100% |
£9,603,462 |
-10.5% |
£10,733,783 |
-13.4% |
£12,395,614 |
-0.9% |
£12,508,056 |
|
|
Gross
Profit |
- |
- |
£851,047 |
-20.1% |
£1,065,243 |
5.1% |
£1,013,606 |
-7.2% |
£1,091,663 |
|
|
Wages
& Salaries |
- |
- |
£211,079 |
9% |
£193,568 |
-4.4% |
£202,500 |
6.6% |
£189,907 |
|
|
Directors
Emoluments |
- |
- |
£43,033 |
-14.9% |
£50,586 |
3.8% |
£48,751 |
28.2% |
£38,042 |
|
|
Operating
Profit |
- |
- |
£499,624 |
-26.7% |
£681,329 |
12.4% |
£605,923 |
-17.3% |
£733,108 |
|
|
Depreciation |
£15,786 |
23.6% |
£12,769 |
-18.1% |
£15,588 |
-5.3% |
£16,462 |
26.9% |
£12,972 |
|
|
Audit
Fees |
- |
- |
£7,955 |
-13.6% |
£9,210 |
41.7% |
£6,500 |
- |
£6,500 |
|
|
Interest
Payments |
- |
- |
£8,700 |
-50% |
£17,400 |
-18.6% |
£21,363 |
-35.8% |
£33,279 |
|
|
Pre
Tax Profit |
- |
- |
£490,924 |
-26.1% |
£663,929 |
13.6% |
£584,579 |
-16.5% |
£699,850 |
|
|
Taxation |
- |
- |
-£88,288 |
31.9% |
-£129,707 |
10.4% |
-£144,819 |
16.4% |
-£173,308 |
|
|
Profit
After Tax |
- |
- |
£402,636 |
-24.6% |
£534,222 |
21.5% |
£439,760 |
-16.5% |
£526,542 |
|
|
Dividends
Payable |
- |
- |
£235,000 |
95.8% |
£120,000 |
- |
£120,000 |
- |
£120,000 |
|
|
Retained
Profit |
- |
- |
£167,636 |
-59.5% |
£414,222 |
29.5% |
£319,760 |
-21.3% |
£406,542 |
Balance
Sheet
|
Date
Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Tangible
Assets |
£46,244 |
-20.3% |
£58,036 |
212% |
£18,600 |
-34.4% |
£28,348 |
-25.9% |
£38,247 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Fixed Assets |
£46,244 |
-20.3% |
£58,036 |
212% |
£18,600 |
-34.4% |
£28,348 |
-25.9% |
£38,247 |
|
|
Stock |
£2,593,799 |
5.1% |
£2,468,533 |
17.8% |
£2,095,791 |
-7.9% |
£2,275,800 |
60.6% |
£1,417,054 |
|
|
Trade
Debtors |
£1,310,973 |
32.8% |
£986,838 |
-11.3% |
£1,112,273 |
-26.4% |
£1,512,046 |
11% |
£1,362,324 |
|
|
Cash |
£671,663 |
-39.4% |
£1,108,259 |
-36.2% |
£1,736,698 |
57.5% |
£1,102,984 |
-43.1% |
£1,937,933 |
|
|
Other
Debtors |
£500,000 |
999.9% |
£347 |
- |
£347 |
-82.3% |
£1,961 |
465.1% |
£347 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total
Current Assets |
£5,076,435 |
11.2% |
£4,563,977 |
-7.7% |
£4,945,109 |
1.1% |
£4,892,791 |
3.7% |
£4,717,658 |
|
|
Trade
Creditors |
£260,816 |
32.6% |
£196,654 |
8.1% |
£181,889 |
-62.4% |
£483,512 |
92.4% |
£251,316 |
|
|
Bank
Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other
Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous
Current Liabilities |
£900,291 |
124.9% |
£400,322 |
-56.7% |
£924,420 |
-7% |
£994,449 |
-28% |
£1,381,172 |
|
|
Total
Current Liabilities |
£1,161,107 |
94.5% |
£596,976 |
-46% |
£1,106,309 |
-25.1% |
£1,477,961 |
-9.5% |
£1,632,488 |
|
|
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 |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Called
Up Share Capital |
£10,000 |
- |
£10,000 |
- |
£10,000 |
- |
£10,000 |
- |
£10,000 |
|
|
P
& L Account Reserve |
£3,951,572 |
-1.6% |
£4,015,037 |
4.4% |
£3,847,400 |
12.1% |
£3,433,178 |
10.3% |
£3,113,417 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder
Funds |
£3,961,572 |
-1.6% |
£4,025,037 |
4.3% |
£3,857,400 |
12% |
£3,443,178 |
10.2% |
£3,123,417 |
Other
Financial Items
|
Date
Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Net
Worth |
£3,961,572 |
-1.6% |
£4,025,037 |
4.3% |
£3,857,400 |
12% |
£3,443,178 |
10.2% |
£3,123,417 |
|
|
Working
Capital |
£3,915,328 |
-1.3% |
£3,967,001 |
3.3% |
£3,838,800 |
12.4% |
£3,414,830 |
10.7% |
£3,085,170 |
|
|
Total
Assets |
£5,122,679 |
10.8% |
£4,622,013 |
-6.9% |
£4,963,709 |
0.9% |
£4,921,139 |
3.5% |
£4,755,905 |
|
|
Total
Liabilities |
£1,161,107 |
94.5% |
£596,976 |
-46% |
£1,106,309 |
-25.1% |
£1,477,961 |
-9.5% |
£1,632,488 |
|
|
Net
Assets |
£3,961,572 |
-1.6% |
£4,025,037 |
4.3% |
£3,857,400 |
12% |
£3,443,178 |
10.2% |
£3,123,417 |
Cash
Flow
|
Date
Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Net
Cashflow from Operations |
- |
- |
-£219,827 |
-123.8% |
£923,386 |
279.7% |
-£513,733 |
-133.5% |
£1,532,659 |
|
|
Net
Cashflow before Financing |
- |
100% |
-£628,439 |
-199.2% |
£633,714 |
175.9% |
-£834,949 |
-177.3% |
£1,079,496 |
|
|
Net
Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase
in Cash |
- |
- |
-£628,439 |
-199.2% |
£633,714 |
175.9% |
-£834,949 |
-177.3% |
£1,079,496 |
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 |
£3,961,572 |
-1.6% |
£4,025,037 |
4.3% |
£3,857,400 |
12% |
£3,443,178 |
10.2% |
£3,123,417 |
|
|
Number
of Employees |
5 |
- |
5 |
- |
5 |
-16.7% |
6 |
20% |
5 |
|
Accountants |
||||||||||
|
Auditors |
WISE
& CO |
|||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
|||||||||
|
Bankers |
LLOYDS
TSB BANK PLC |
|||||||||
|
Bank
Branch Code |
||||||||||
Ratios
|
Date
Of Accounts |
31/12/16 |
31/12/15 |
31/12/14 |
31/12/13 |
31/12/12 |
|
|
|
Pre-tax
profit margin % |
- |
4.70 |
5.63 |
4.36 |
5.15 |
|
|
Current
ratio |
4.37 |
7.65 |
4.47 |
3.31 |
2.89 |
|
|
Sales/Net
Working Capital |
- |
2.64 |
3.07 |
3.93 |
4.41 |
|
|
Gearing
% |
0 |
0 |
0 |
0 |
0 |
|
|
Equity
in % |
77.30 |
87.10 |
77.70 |
70 |
65.70 |
|
|
Creditor
Days |
- |
6.84 |
5.61 |
13.12 |
6.72 |
|
|
Debtor
Days |
- |
34.35 |
34.31 |
41.04 |
36.46 |
|
|
Liquidity/Acid
Test |
2.13 |
3.51 |
2.57 |
1.77 |
2.02 |
|
|
Return
On Capital Employed % |
- |
12.19 |
17.21 |
16.97 |
22.40 |
|
|
Return
On Total Assets Employed % |
- |
10.62 |
13.37 |
11.87 |
14.71 |
|
|
Current
Debt Ratio |
0.29 |
0.14 |
0.28 |
0.42 |
0.52 |
|
|
Total
Debt Ratio |
0.29 |
0.14 |
0.28 |
0.42 |
0.52 |
|
|
Stock
Turnover Ratio % |
- |
23.61 |
17.76 |
16.97 |
10.41 |
|
|
Return
on Net Assets Employed % |
- |
12.19 |
17.21 |
16.97 |
22.40 |
Report
Notes
|
There
are no notes to display. |
Status
History
|
No
Status History found |
Event History
|
Date |
Description |
|
08/09/2017 |
New
Accounts Filed |
|
08/09/2017 |
New
Accounts Filed |
|
17/08/2017 |
Confirmation
Statement |
|
16/05/2017 |
Payment
Data Update Received |
|
07/04/2017 |
Payment
Data Update Received |
|
04/04/2017 |
Payment
Data Update Received |
|
02/12/2016 |
Payment
Data Update Received |
|
14/10/2016 |
New
Accounts Filed |
|
14/10/2016 |
New
Accounts Filed |
|
18/08/2016 |
New
Board Member Mr J. Hardcastle appointed |
|
16/08/2016 |
Annual
Returns |
|
30/09/2015 |
Payment
Data Update Received |
|
08/09/2015 |
Payment
Data Update Received |
|
01/09/2015 |
Annual
Returns |
|
21/08/2015 |
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
StructureFull
|
No
Group Structure |
Mortgage
Details
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
20/10/16 |
||
|
Date
Charge Registered: |
03/11/16 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
LLOYDS
BANK PLC; |
||
|
Amount
Secured: |
|||
|
Details: |
NONECONTAINS
FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY
OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
22/11/99 |
||
|
Date
Charge Registered: |
20/06/13 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
LLOYDS
TSB BANK PLC; |
||
|
Amount
Secured: |
|||
|
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 |
||
Creditor
Details
|
Total
Number |
Total
Value |
|
|
Trade
Creditors |
0 |
- |
|
No
Creditor Data |
||
Trade
Debtors / Bad Debt Detail
|
Total
Number of Documented Trade |
Total
Value of Documented Trade |
||
|
Trade
Debtors |
2 |
£3,363 |
|
|
Company
Name |
Amount |
Statement
Date |
|
|
Advanced
Polymerics Limited |
£3,199 |
14/01/2014 |
|
|
Easy
24/7 Services Limited |
£164 |
10/02/2012 |
|
Previous
Director/Company Secretaries
|
Name |
Current
Active Appointments |
Previous
Appointments |
Dissolved
Companies |
|||
|
Lillian
Selina Jones |
0 |
1 |
1 |
|||
|
FIRST
DIRECTORS LIMITED |
6 |
3702 |
39009 |
|||
|
4
BUSINESS |
16 |
4640 |
46619 |
|||
|
Total
Persons With Significant Control |
1 |
Total
Statements |
0 |
|||
|
Active |
1 |
Active |
0 |
|||
|
Ceased |
0 |
Ceased |
0 |
|||
Active
Persons With Significant Control
|
Name |
Colin
Jeffery Newman |
Kind |
Individual
Person With Significant Control |
|
Address |
7a
Dinorben Avenue, Fleet, Hampshire |
Country
Of Residence |
England |
|
Post
Code |
GU13
9SG |
Nationality |
British |
|
Date
of Birth |
10/1943 |
Notified
On |
06/04/2016 |
|
Nature
Of Control |
Ownership
Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent |
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 |
£533.66 |
|
Invoices
available |
5 |
|
Paid |
4 |
|
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 |
3 |
1 |
0 |
0 |
0 |
|
Outstanding |
0 |
1 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 65.04 |
|
|
1 |
INR 92.28 |
|
Euro |
1 |
INR 80.62 |
|
GBP |
1 |
INR 91.32 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
DNS |
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.