Credit Analysts Report

Credit Analysts Report

For professional credit controllers.

  • Full company details
  • 5 years audited accounts extracts
  • Ratio analysis
  • Common size analysis
  • Satisfied and Unsatisfied CCJ records
  • Full profiles of each Director
  • Parent company and group companies
  • Supplier credit limits
  • Payment records
  • Secured creditors
  • Going concern and liquidation valuation
  • Written credit risk analysis
  • Triple credit risk score analysis
  • Credit rating
  • Trade credit limit
  • Credit risk score

Credit Analysts Report on - ASSAM AND RIPON FOOD IMPORTERS LIMITED
SUMMARY
Registered Number: 093117141 Sales: £364,218,000
Date Incorporated: 22 June 2002 Pre-Tax Profit/Loss: £(10,662,000)
Date Latest Accounts: 31 July 2011 Working Capital: £(31,746,000)
Employees: 4,795 Net Assets: £22,973,000
BUSINESS INFORMATION
Legal Form: Private Limited
Previous Names: ASSAM AND RIPON FOODS LIMITED
Registered Number: 093117141
Annual Return: 15 October 2011
Registered Office: ASSAM AND RIPON HOUSE, SILVERWAY BUSINESS PARK, SUN WAY , OXFORDSHIRE OX30 4EJ Map
Trading Address: 40 WELL STREET, OXFORDSHIRE, OX31 4DG Map
Telephone Number: 0870 77004242
Auditors: PRICEWATERHOUSECOOPERS LLP
SIC Code and Operations: 7484 (1992) OTHER BUSINESS ACTIVITIES
FOOD MANUFACTURING, PROCESSING AND DISTRIBUTION.
GROUP STRUCTURE
Parent Company: ASSAM AND RIPON INVESTMENTS LIMITED (093117142)
Ultimate Parent: ASSAM AND RIPON INVESTMENTS LIMITED (093117142)
Full Group Structure: Expand Group structureClick here to expand data (no charge)Click to see full Group Structure
PRINCIPAL SHAREHOLDERS
ASSAM AND RIPON INVESTMENTS LIMITED (093117142)
2,398,058,019 ORD 1p
DIRECTORS
Director MARK C SNOW
Date of Birth 11 March 1964
Date Appointed 16 August 2011
Address ASSAM AND RIPON HOUSE SILVERWAY BUSINESS PARK SUN WAY OXFORDSHIRE OX30 4EJ
Nationality SOUTH AFRICAN
Convictions 0
Other Directorships and disqualifications Expand Group structureClick here to expand data (no charge)
Secretary MARTIN SCOTT
Date Appointed 01 November 2011
Address ASSAM AND RIPON HOUSE SILVERWAY BUSINESS PARK SUN WAY OXFORDSHIRE OX30 4EJ
Nationality BRITISH
Convictions 0
Other Directorships and disqualifications Expand Group structureClick here to expand data (no charge)
PUBLIC RECORD INFORMATION
County Court Judgments
Period of Months: Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Total Number of CCJs: 2 1 0 0 0 0
Total Value of CCJs: £2,339 £2,056 £0 £0 £0 £0
County Court Judgments Trend
CCJ Graph
Date Court Amount Status Plaintiff Ref
February 2012 SHEFFIELD £1,117 Judgment 3TV91014
July 2011 NORTHAMPTON £1,222 Satisfied Judgment 1FE75741
February 2011 SHEFFIELD £2,056 Satisfied Judgment 1PJ04608
Legal Notices / Filing History
Date of Filing Details
9 February 2012 Dismissal Of Winding Up Petition
SUPPLIER CREDIT LIMITS
Date Sector Notified Amount Terms
Apr-2012 Wholesale Credit Limit £1,500 45 days
Jan-2012 Manufacture Credit Limit £1,000 30 days from invoice
Oct-2011 Manufacture Credit Limit £5,000 30 days from end of month
Sep-2011 Wholesale Credit Limit £10,000 30 days
Jul-2011 Manufacture Credit Limit £10,000 30 days
Jun-2011 Wholesale Credit Limit £7,500 30 days
Jun-2011 Wholesale Credit Limit £100 90 days from end of month
Jun-2011 Business Services Credit Limit Revised £10,000 30 days
May-2011 Business Services Credit Limit £100 90 days from end of month
May-2011 Wholesale Credit Limit £5,000 90 days from invoice
Apr-2011 Manufacture Credit Limit £1,000 30 days
Mar-2011 Wholesale Credit Limit £1,000 30 days
Mar-2011 IT and Internet Credit Limit £500,000+ 30 days from invoice
Mar-2011 Business Services Credit Limit £3,000 30 days from invoice
Feb-2011 Hotel Credit Limit £1,000 30 days
Feb-2011 Manufacture Credit Limit £1,000 30 days from end of month
Dec-2010 Transport and Haulage Credit Limit £1,000 30 days from end of month
Nov-2010 Property and Real Estate Credit Limit £100 COD/ProForma
Sep-2010 Retail Credit Limit £1,000 COD/ProForma
Aug-2010 Manufacture Credit Limit £2,000 30 days from invoice

Payment performance data is third party data taken on good faith and presented without comment or review.
PAYMENT RECORDS
Payment records from over 6,000 ledgers comprising 22 million transactions a month show how a company is paying its suppliers.
Payment Records
Month: Apr
2012		 Mar
2012		 Feb
2012		 Jan
2012		 Dec
2011		 Nov
2011		 Oct
2011		 Sept
2011		 Aug
2011		 Jul
2011		 Jun
2011		 May
2011
Number of payments: 111 171 183 198 211 231 245 251 253 256 265 269
Days beyond terms: 96 82 78 68 72 66 55 59 35 27 22 27
Payment Trend Company average days beyond terms
Industry Payments Company average days beyond terms compared to other companies in the industry
Payment Period Analysis Changes in average payment periods over the last year
Payment Period: Latest Last 3 months Last 6 months Last 12 months
Industry Average: 25 25 26 26
Company Days Beyond Terms: 96 68 89 116
Payment Pattern: Significant Improvement
Analysis By Creditor Size Differences in the speed the company pays its larger and smaller suppliers
Creditor Size: £0-999 £1,000-£9,999 £10,000-£99,999 £100,000+
Number of Payments: 31 75 41 -
Average Days Beyond Terms: 22 39 30 16
Account Notifications
Cash First/ Pro Forma Accounts: -
Accounts Placed For Collection: -
Value Accounts Placed For Collection: £0
Number of Unpaid Accounts: -
PROFIT AND LOSS
Date of Accounts 31/07/11 01/08/10 02/08/09 03/08/08 29/07/07
Number of Weeks (Cons.)52 (Cons.)52 (Cons.)52 (Cons.)53 (Cons.)52
Denomination £000 £000 £000 £000 £000
Turnover 364,218 400,042 345,200 465,029 460,115
(Sales excluding VAT)
Cost of Sales 357,589 372,142 319,335 428,873 426,960
(Raw materials, production costs etc.)
Gross Profit 6,629 27,900 25,865 36,156 33,155
(margin on production)
Operating Costs 14,299 13,702 (1,316) 45,809 14,066
(Overheads, staff etc.)
Interest Payable 2,992 3,174 3,089 3,488 3,965
(Bank and loan interest paid)
Pre-Tax Profit/(Loss) (10,662) 11,024 24,092 (13,141) 15,124
(Gross profit less operating costs etc.)
Taxation and Dividends 4,371 3,738 2,182 9,155 8,408
Retained Profit/(Loss) (15,033) 7,286 21,910 (22,296) 6,716
(Profit or loss after tax and dividends)
BALANCE SHEET
Date of Accounts 31/07/11 01/08/10 02/08/09 03/08/08 29/07/07
Number of Weeks (Cons.)52 (Cons.)52 (Cons.)52 (Cons.)53 (Cons.)52
Denomination £000 £000 £000 £000 £000
Tangible Assets 48,729 58,162 65,204 77,778 74,306
(Buildings, plant, vehicles etc.)
Intangible Assets 19,076 19,076 19,076 53,048 83,532
(Patents, goodwill etc.)
Other Fixed Assets 0 172 411 0 0
Total Fixed Assets 67,805 77,410 84,691 130,826 157,838
(Buildings, plant, vehicles etc.)
Stocks & Work in Progress 43,202 37,653 36,217 49,105 52,965
(Raw materials and order-book etc.)
Debtors 18,917 17,882 19,418 25,172 23,109
(Cash due for work already done)
Cash 19,673 7,225 9,056 5,023 10,646
(Cash already at bank and in hand)
Other Current Assets 886 0 250 121 516
Total Current Assets 82,678 62,760 64,941 79,421 87,236
(Stocks, debtors, cash etc.)
Current Liabilities 114,424 90,605 109,513 131,265 143,850
(Money owed within 1 year)
Working Capital (31,746) (27,845) (44,572) (51,844) (56,614)
(Current assets less current liabilities)
Total Long-Term Liabilities 13,086 11,326 9,166 12,624 13,002
(Loans and debts due after 1 year)
Net Assets 22,973 38,239 30,953 66,358 88,222
(All assets less all debt)
Comprised of:
Share Capital and Reserves 26,924 27,157 27,249 26,945 26,513
(Money invested in the company etc.)
Retained Earnings (3,951) 11,082 3,704 39,413 61,709
(Undistributed profits to date)
Revaluation Reserve 0 0 0 0 0
(Adjustment to perceived asset values)
Shareholders Funds 22,973 38,239 30,953 66,358 88,222
(Net assets)
NOTES TO THE FINANCIAL STATEMENTS
The latest accounts are consolidated accounts.
Date of Accounts 31/07/11 01/08/10 02/08/09 03/08/08 29/07/07
Number of Weeks (Cons.)52 (Cons.)52 (Cons.)52 (Cons.)53 (Cons.)52
Denomination £000 £000 £000 £000 £000
TURNOVER
Turnover is stated net of VAT and comprises:
UK sales 346,218 400,042 345,200 465,029 460,115
Export turnover 0 0 0 0 0
PROFIT
Profits are stated after charging:
Amortisation of Intangible Assets 0 0 484,000 484,000 984,000
Depreciation 8,340 9,487 11,415 10,882 12,023
Directors Remuneration 2,684 2,752 2,801 2,856 2,748
Other expenses 13,850 11,803 12,598 51,363 21,130
Other income 546 401 13,914 5,554 7,064
Interest payable 2,992 3,174 3,089 3,488 3,965
Exceptional Items (995) (2,300) 0 0 0
Discontinued operations 0 0 - - -
Tax 1,428 3,646 113 3,693 4,643
Extraordinary items (2,943) (92) 0 0 0
DIVIDENDS
Paid during the year 0 0 2,069 5,462 3,765
INTANGIBLE FIXED ASSETS
Intangible Fixed Assets 19,076 19,076 19,076 53,048 83,532
Amortisation of Intangible Assets 0 0 484,000 484,000 984,000
TANGIBLE FIXED ASSETS
Tangible Fixed Assets 48,729 58,162 65,204 77,778 74,306
Depreciation 8,340 9,487 11,415 10,882 12,023
CURRENT ASSETS
Stocks 43,202 37,653 36,217 49,105 52,965
Work in Progress 0 0 0 0 0
Group Loans 0 0 0 0 0
Trade debtors 18,017 17,082 19,018 25,072 23,009
Other debtors 900 800 400 100 100
Total Debtors 18,917 17,882 19,418 25,172 23,109
Cash at bank 19,673 7,225 9,056 5,023 10,646
Other current assets 886 0 250 121 516
Total Current Assets 82,678 62,760 64,941 79,421 87,236
DEFERRED TAXATION
Deferred Taxation 1,289 0 0 371 1,104
CREDITORS DUE WITHIN 1 YEAR
Trade Creditors 31,793 24,879 26,349 34,852 37,742
Overdraft 0 0 0 0 0
Group Loans 0 0 0 0 0
Directors Loans 0 0 0 0 0
Hire Purchase 0 0 0 0 0
Leasing 0 0 0 0 0
Short term loans 53,527 41,566 56,581 63,483 72,505
Corporation Tax due 0 456 1,301 1,660 3,992
Accruals and deferred income 10,558 11,746 14,561 15,615 13,223
Social Security and VAT 3,710 3,980 3,705 6,193 6,003
Other current liabilities 14,836 7,978 7,016 9,462 10,385
Total Current Liabilities 114,424 90,605 109,513 131,265 143,850
CREDITORS
Amounts falling due after more than one year:
Group Loans 0 0 0 0 0
Directors Loans 0 0 0 0 0
Hire Purchase 0 0 0 0 0
Leasing 0 0 0 0 0
Long term loans 0 0 0 0 0
Accruals and deferred income liabilities 9,025 9,417 7,868 9,880 8,062
Other long term liabilities 0 0 0 0 0
Long term liabilities - - - - -
PROVISIONS
Other provisions for liabilities and charges:
Other provisions 2,772 1,909 1,298 2,373 3,836
Total provisions 4,061 1,909 1,298 2,744 4,940
CAPITAL AND RESERVES
Issued Share Capital 20,693 20,693 20,693 20,693 20,685
Share Premium Account 5,873 5,873 5,873 5,873 5,846
Revaluation Reserve 0 0 0 0 0
Retained earnings (3,951) 11,082 3,704 39,413 61,709
Other reserves 358 591 683 379 (18)
Total shareholders funds 22,973 38,239 30,953 66,358 88,222
Minority Interests 0 0 0 0 0
Total employee renumeration: 78,187 79,684 83,239 88,707 86,418
Total directors remuneration: 2,684 2,752 2,801 2,856 2,748
Highest paid director: 1,053,000 1,050,000 1,049,000 1,062,000 1,046,000
COMMON SIZE ANALYSIS
Date of Accounts 31/07/11 01/08/10 02/08/09 03/08/08 29/07/07
Turnover 100.0 100.0 100.0 100.0 100.0
Cost of Sales 98.2 93.0 92.5 92.2 92.8
Gross Profit 1.8 7.0 7.5 7.8 7.2
Operating Costs 3.9 3.4 (0.4) 9.9 3.1
Interest Payable 0.8 0.8 0.9 0.8 0.9
Pre-Tax Profit/(Loss) (2.9) 2.8 7.0 (2.8) 3.3
Taxation and Dividends 1.2 0.9 0.6 2.0 1.8
Retained Profit/(Loss) (4.1) 1.8 6.3 (4.8) 1.5
Total Assets 100.0 100.0 100.0 100.0 100.0
Tangible Assets 32.4 41.5 43.6 37.0 30.3
Intangible Assets 12.7 13.6 12.7 25.2 34.1
Other Fixed Assets - 0.1 0.3 - -
Total Fixed Assets 45.1 55.2 56.6 62.2 64.4
Stocks & Work in Progress 28.7 26.9 24.2 23.4 21.6
Debtors 12.6 12.8 13.0 12.0 9.4
Cash 13.1 5.2 6.1 2.4 4.3
Other Current Assets 0.6 - 0.2 0.1 0.2
Total Current Assets 54.9 44.8 43.4 37.8 35.6
Current Liabilities 76.0 64.6 73.2 62.4 58.7
Working Capital (21.1) (19.9) (29.8) (24.7) (23.1)
Total Long-Term Liabilities 8.7 8.1 6.1 6.0 5.3
Net Assets 15.3 27.3 20.7 31.6 36.0
Retained Earnings (2.6) 7.9 2.5 18.7 25.2
Revaluation Reserve - - - - -
Shareholders Funds 15.3 27.3 20.7 31.6 36.0
KEY RATIOS
Industry
Date of Accounts Median 31/07/11 01/08/10 02/08/09 03/08/08 29/07/07
Current Ratio 1.1 0.7 0.7 0.6 0.6 0.6
Acid Test 1.0 0.3 0.3 0.3 0.2 0.2
Stock Turnover 18.2 8.4 10.6 9.5 9.3 8.7
Credit Period 19 - - - - -
Working Capital/Sales 6.1 (8.7) (7.0) (12.9) (11.4) (12.3)
Trade Creditors/Debtors 0.3 - - - - -
Return on Capital 19.5 (29.6) 22.2 60.1 (16.3) 14.9
Return on Assets 5.4 (7.1) 7.9 16.1 (6.1) 6.2
Pre-Tax margin 9.0 (2.9) 2.8 7.0 (2.8) 3.3
Return on Shareholders Funds 27.7 (46.4) 28.8 77.8 (19.4) 17.1
Borrowing Ratio 0 1373.5 216.9 476.4 477.0 1546.0
Equity Gearing 43.8 15.3 27.3 20.7 31.6 36.0
Debt Gearing 0.0 - - - - -
Interest Cover 2 (3.6) 3.5 7.8 (3.8) 3.8
Sales/Tangible Assets 25 7.5 6.9 5.3 5.9 6.2
Remuneration/Sales 21 21.5 19.9 24.1 19.1 18.8
Employee Remuneration 33,296 16,306 15,494 9,656 15,366 9,160
Profit/Employee 3,183 (2,224) 2,143 2,795 (2,276) 1,603
Turnover/Employee 117,292 75,958 77,784 40,046 80,553 48,772
Capital Employed/Employee 33,775 7,520 9,637 4,654 13,945 10,730
Tangible Assets/Employee 2,769 10,162 11,309 7,564 13,732 7,876
Total Assets/Employee 84,069 31,383 27,255 17,359 37,120 25,978
SECURED CREDITORS
Number of Mortgages 3
Satisfied Mortgages 1
Unsatisfied Mortgages 2
Most Recent Mortgage 27 March 2009
Most Recent Satisfaction 24 April 2010
Charge Type A SECURITY AGREEMENT
Amount Secured ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO ANY EXPANDED SECURED PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Property Details ALL THE SHARES OWNED AND FIRST FLOATING CHARGE AGAINST ALL ASSETS NOT AT ANY TIME OTHERWISE EFFECTIVELY MORTGAGE CHARGED OR ASSIGNED UNDER THE DEED SEE image FOR FULL DETAILS
Lender Details BARCLAYS BANK LIMITED (THE SECURITY TRUSTEE)
Charge Type SECURITY OVER SHARES
Amount Secured ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Property Details ALL SHARES OWNED AND RELATED RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Lender Details BARCLAYS BANK LIMITED
Charge Type A SECURITY AGREEMENT
Amount Secured ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Property Details FIXED CHARGE ALL OF ITS RIGHTS IN RESPECT OF ANY AMOUNT STANDING TO THE CREDIT OF THE PROCEEDS ACCOUNT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Lender Details ING BANK N.V. AS AGENT AND TRUSTEE FOR THE FINANCE PARTIES (THE FACILITY AGENT)
COMPANY VALUATION ANALYSIS
Going Concern Valuation
The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.
Valuations Valuation Measures
Estimated High Value £31,000,000 Retained Profit £(15,033,000)
Estimated Mid Value £27,000,000 EBIT £(7,670,000)
Estimated Low Value £23,000,000 EBITDA £670,000
Liquidation Valuation
The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.
Valuations Valuation Measures
Estimated High Value £13,000,000 Total Assets £150,483,000
Estimated Mid Value £4,600,000 Net Assets £22,973,000
Estimated Low Value £0 Tangible Equity £3,897,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
CREDIT STATUS CHECKLIST
Business Growth: Cross Inconsistent trend with previous growth but recent decline.
EBITDA: Cross EBITDA has been falling.
Dividends: Cross No dividends were declared in either of the last two periods.
Retained Profits: Cross Trend indicates declining retained profits.
Debt Interest: Cross Interest cover is limited suggesting little scope for falling profits or increased interest rates.
Cash Flow: Cross The level of working capital is weaker than average for the sector and cash-flow may be a concern.
CCJs: Cross CCJs are recorded suggesting credit control may require additional attention.
Age of Company: Tick Reasonably established with sufficient trading history to provide some confidence.
Solvency: Neutral The company is solvent although the amount of total liabilities is large in proportion to the asset base.
Secured Creditors: Neutral There are mortgages or charges on certain assets of the company.
Ownership: Cross Continued credit worthiness may depend upon the financial status of the holding company or group performance.
CREDIT RISK RATINGS
Credit risk analysis is not an exact science and each credit agency has its own models and score cards. The Credit Analysts Report presents our own risk assessment and a second opinion. Combined with clients' own analysis and further enquiry this provides extra cover for key credit assessments.
FIRST REPORT CREDIT RISK RATING

In this section we present the risk assessment of the First Report credit risk model developed over 20 years of corporate risk assessment.

First Report Analysis:

The overall credit worthiness presented here is based on the financial results of the company up to 31 July 2011.

The latest turnover is £364.2m compared to the previous periods of £400.0m and £345.2m. The total change in sales over three years is 5.5%. The average trend over three years is 3.5%. The change in turnover for the latest period was -9.0% which indicates that the pace of growth has slowed.

EBITDA measures earnings before interest and taxation, and depreciation and amortization. The latest accounts show pre-tax losses of -£10.7m and £3.0m interest paid. EBITDA for the most recent period was £670,000 as against £23.7m and £38.6m for prior years. The company has an average £21.0m EBITDA over three years, so the latest EBITDA is lower. Income drawn by directors during the latest period was £2.7m.

Retained profits after all costs and dividends provides a further key indicator of cash generating potential. Recent retained profits have not been consistent. For the most recent period no profits were retained. For the previous period £7.4m retained profits are shown. When the latest loss and the previous retained profit are taken together, the average level of retained profits is -£3.8m.

The subject's current ratio stands at 0.7 in a sector where around 1.1 is the average. The liquidity of the company is therefore weaker than average. A more stringent test of liquidity is the acid test and the company manages only 0.3 against a typical industry score of 1.0. Known liabilities due within one year exceed all current assets available to service short term obligations. The resulting deficit in working capital is larger than we would like to see when assessing credit risk. The interest cover position is weak, with insufficient profits to comfortably cover existing interest payments. Any further decline in profitability or increased interest rates could strain the ability to service debt interest. There are secured creditors with mortages or charges over certain assets of the business and this may be significant if the secured debts are interest bearing.

As at the latest accounts the company has net assets of £23.0m. Once intangible assets are subtracted from net assets the company's net worth is £3.9m.

This appraisal is based on the financial performance and the overall balance sheet status. However the balance sheet is still quite large. We note that two county court judgments have been recorded within the last 12 months. The company has a parent company and as such the future of the subject may be dependant upon the financial status of the parent company or group. It is therefore advisable to get a report on the parent and if applicable any ultimate parent company before making any credit decisions. On the basis of this analysis we would suggest checking the credit worthiness of the parent company with a view to seeking guarantees from the parent company before extending credit.
First Report Risk Score: (0-10): 0
First Report Risk Guide:
10 trafficlight Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Arrow Critical
Risk Score Trend
First Report Credit Opinion:

For the reasons explained in our analysis we would not advise credit.
 
RISK RATING
This is the credit risk assessment Delphi Score used by Experian, one of the top UK credit reference agencies.
Delphi Risk Score (1-100): 18
Risk Band: 6
Risk Band Description: MAXIMUM RISK
Stability Odds: 1:12
Risk Assessment:
A maximum risk company; all credit transactions should be supported by appropriate guarantees.
Credit Rating: £0
Credit Limit: £0
ALTMAN Z SCORE CREDIT RISK RATING
There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.
Z Score: -1.62
Risk Band: 4
Risk Band Description: High Probability Failure
Z Score Bands:
1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Report Created On 20 Jun 2013 Copyright © 2013 First Report Ltd

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