MIRA INFORM
REPORT
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Report Date : |
16.08.2011 |
IDENTIFICATION DETAILS
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Name : |
DEREK RAPHAEL & CO. LTD. |
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Registered Office : |
118 Baker Street, London, W1U 6TT |
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Country : |
United States |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
21.12.1973 |
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Com. Reg. No.: |
01153094 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Trading in ferro alloys, metals, ores and minerals. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United Kingdom |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Derek Raphael & Co. Ltd.
118 Baker Street
London, W1U 6TT
United Kingdom
Synthesis
Employees: 2
Company Type: Private Subsidiary
Corporate Family: 5
Companies
Ultimate Parent: Derek Raphael (Holdings) Ltd.
Quoted Status: Non-quoted Company
Incorporation Date:
21-Dec-1973
Auditor: Ward Goodman
Financials in: USD (Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: US
Dollar
Annual Sales: 610.7 1
Net Income: (4.0)
Total Assets: 149.8
Business Description
Trading in ferro alloys, metals, ores and minerals.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3322 - Metal and
Mineral Wholesaling
NACE 2002: 5152 - Wholesale
of metals and ores
NAICS 2002: 423520 - Coal and
Other Mineral and Ore Merchant Wholesalers
UK SIC 2003: 5152 - Wholesale
of metals and ores
US SIC 1987: 505 - Metals and
Minerals, Except Petroleum
Key Executives
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Name |
Title |
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Cherryll Sandra Wood |
Secretary |
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Andrew David Raphael |
Director |
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Derek Neale Raphael |
Director |
Financial Summary
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Key IDSM Number: 42354325
Registered No.(UK): 01153094
1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1
Corporate Overview
Location
118 Baker Street
London, W1U 6TT
London County
United Kingdom
Suggest Company URL
Sales USD(mil): 610.7
Assets USD(mil): 149.8
Employees: 2
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous Capital Goods
Registered
Address:
118 Baker Street
London, W1U 6TT
United Kingdom
Incorporation Date: 21-Dec-1973
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 01153094
Director: Derek Neale Raphael
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3322 - Metal and Mineral Wholesaling
NACE 2002 Codes:
5152 - Wholesale of metals and ores
NAICS 2002 Codes:
423520 - Coal and Other Mineral and Ore Merchant Wholesalers
US SIC 1987:
505 - Metals and Minerals, Except Petroleum
UK SIC 2003:
5152 - Wholesale of metals and ores
Business
Description
Trading in ferro alloys, metals, ores and minerals.
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Corporate Family |
Corporate Structure News: |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
London |
United Kingdom |
Commercial Banks |
610.7 |
10 |
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Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
610.7 |
2 |
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Subsidiary |
London |
United Kingdom |
Construction Services |
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Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
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Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
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Executive report
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Board of Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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Directors and Shareholders Report
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Main Office Address: |
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Annual Return Date: 16 May 2011 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
03 Sep 1938 |
99 Clifton Hill, |
16 May 1991 |
NA |
Current:5 |
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Current |
15 Apr 1969 |
7 Meadowside, Coln St Aldwyns, |
13 Jun 2001 |
NA |
Current:5 |
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Previous |
03 Aug 1954 |
44 Martin Close, Aughton, |
01 Aug 1995 |
23 May 1996 |
Current:1 |
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Previous |
22 Oct 1929 |
26 Stonegravels Way, Halfway, |
16 May 1991 |
30 Nov 1994 |
Current:0 |
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Previous |
01 Nov 1938 |
21 Bridstow Place, |
16 May 1991 |
22 Oct 2009 |
Current:1 |
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Previous |
16 May 1953 |
C/O Sfp Metals Uk Ltd, 35 Grosvenor Street, |
NA |
31 May 2001 |
Current:0 |
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Previous |
14 Dec 1944 |
25A Frognal, Hampstead, |
01 Nov 1994 |
22 Oct 2009 |
Current:25 |
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Previous |
11 Jul 1963 |
St Thomas Court, 39 Epsom Road, |
06 Apr 1995 |
30 Sep 2001 |
Current:7 |
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Previous |
25 Dec 1962 |
St Thomas Court 39 Epsom Road, |
26 Jun 1992 |
31 Mar 2001 |
Current:5 |
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Previous |
19 Apr 1930 |
Castle Cottage, Thorpe Salvin, |
16 May 1991 |
12 Feb 1996 |
Current:1 |
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Previous |
26 Apr 1966 |
Moor Lodge, Sugworth, |
15 May 1998 |
24 Aug 2000 |
Current:7 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
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Current |
24 Jul 1946 |
Spearhill, Billingshurst Road, |
30 Sep 2001 |
NA |
Current:7 |
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Previous |
01 Nov 1938 |
21 Bridstow Place, |
16 May 1991 |
30 Apr 1999 |
Current:1 |
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Previous |
11 Jul 1963 |
St Thomas Court, 39 Epsom Road, |
30 Apr 1999 |
30 Sep 2001 |
Current:7 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Derek Neale Raphael |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
<0.01 |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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01897504 |
999999 Ordinary GBP 1.00 |
Ordinary |
999,999 |
1.00 |
999,999.00 |
100.00 |
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Annual Profit & Loss
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
USD |
USD |
USD |
USD |
USD |
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Exchange Rate (Period
Average) |
1 |
1 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
62.2 |
12.2 |
57.9 |
115.2 |
36.3 |
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Turnover (Exports) |
548.5 |
297.6 |
710.5 |
703.4 |
534.2 |
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Total Turnover |
610.7 |
309.8 |
768.4 |
818.6 |
570.5 |
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Cost of Sales |
594.6 |
284.3 |
754.7 |
794.6 |
548.6 |
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Gross Profit |
16.0 |
25.5 |
13.6 |
24.0 |
21.9 |
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Depreciation |
- |
- |
- |
- |
0.0 |
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Other Expenses |
2.1 |
2.5 |
5.1 |
6.1 |
5.2 |
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Other Income |
0.7 |
0.1 |
0.2 |
0.6 |
0.4 |
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Interest Paid |
1.4 |
0.4 |
3.6 |
4.9 |
3.0 |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit Before Taxes |
13.3 |
22.7 |
5.1 |
13.6 |
14.1 |
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Tax Payable / Credit |
3.3 |
6.7 |
1.4 |
4.5 |
4.1 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
14.1 |
18.9 |
0.0 |
5.0 |
5.0 |
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Profit After Taxes |
-4.0 |
-2.9 |
3.6 |
4.2 |
4.9 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Non Audit Fees |
0.0 |
- |
- |
- |
- |
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Number of Employees |
2 |
2 |
1 |
1 |
0 |
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Wages |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
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Social Security Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Employees Remuneration |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
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Directors Emoluments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Directors Remuneration |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Highest Paid Director |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Stocks |
62.2 |
43.0 |
33.9 |
70.8 |
46.1 |
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Work in Progress |
24.6 |
10.0 |
12.2 |
0.0 |
0.0 |
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Total Stocks Work In Progress |
86.9 |
53.0 |
46.0 |
70.8 |
46.1 |
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Trade Debtors |
56.2 |
26.6 |
27.3 |
65.4 |
51.3 |
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Inter-Company Debtors |
- |
0.0 |
0.1 |
0.3 |
0.2 |
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Director Loans |
- |
- |
- |
0.0 |
1.2 |
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Other Debtors |
0.8 |
1.5 |
0.4 |
2.5 |
2.4 |
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Total Debtors |
57.0 |
28.2 |
27.8 |
68.2 |
55.1 |
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Cash and Equivalents |
5.1 |
3.0 |
1.9 |
0.0 |
1.7 |
|
Other Current Assets |
0.9 |
0.0 |
0.6 |
1.2 |
0.5 |
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Total Current Assets |
149.8 |
84.2 |
76.3 |
140.2 |
103.5 |
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Total Assets |
149.8 |
84.2 |
76.3 |
140.2 |
103.5 |
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Trade Creditors |
11.3 |
3.7 |
6.8 |
11.0 |
2.2 |
|
Bank Overdraft |
95.5 |
28.4 |
9.2 |
69.7 |
43.6 |
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Inter-Company Creditors |
7.1 |
8.9 |
16.7 |
16.3 |
9.9 |
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Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Current Liability) |
1.8 |
1.4 |
3.4 |
3.5 |
12.9 |
|
Social Security/VAT |
1.2 |
0.1 |
0.0 |
0.7 |
0.0 |
|
Corporation Tax |
0.0 |
5.6 |
0.7 |
2.4 |
2.8 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Liabilities |
116.9 |
48.1 |
36.8 |
103.6 |
71.4 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
2.0 |
2.0 |
2.0 |
2.0 |
2.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
30.9 |
34.1 |
37.6 |
34.6 |
30.2 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
32.9 |
36.1 |
39.5 |
36.6 |
32.1 |
|
Net Worth |
32.9 |
36.1 |
39.5 |
36.6 |
32.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate (Period
Average) |
1 |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
USD |
USD |
USD |
USD |
USD |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.28 |
1.75 |
2.07 |
1.35 |
1.45 |
|
Liquidity Ratio |
0.54 |
0.65 |
0.82 |
0.67 |
0.80 |
|
Stock Turnover |
7.03 |
5.84 |
16.69 |
11.56 |
12.37 |
|
Credit Period (Days) |
33.60 |
31.37 |
12.98 |
29.16 |
32.81 |
|
Working Capital by Sales |
5.39% |
11.65% |
5.14% |
4.47% |
5.63% |
|
Trade Credit by Debtors |
0.20 |
0.14 |
0.25 |
0.17 |
0.04 |
|
Return on Capital |
40.37% |
63.04% |
12.78% |
37.20% |
43.76% |
|
Return on Assets |
8.87% |
27.01% |
6.62% |
9.70% |
13.59% |
|
Profit Margin |
2.18% |
7.34% |
0.66% |
1.66% |
2.47% |
|
Return on Shareholders Funds |
40.37% |
63.04% |
12.78% |
37.20% |
43.76% |
|
Borrowing Ratio |
311.82% |
103.32% |
65.53% |
235.28% |
166.48% |
|
Equity Gearing |
21.97% |
42.84% |
51.78% |
26.08% |
31.05% |
|
Interest Coverage |
9.83 |
62.79 |
1.39 |
2.78 |
4.75 |
|
Sales by Tangible Assets |
- |
- |
- |
- |
350,870.75 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.1 |
0.0 |
- |
|
Profit per Employee |
6.6 |
11.4 |
5.1 |
13.6 |
- |
|
Sales per Employee |
305.3 |
154.9 |
768.4 |
818.6 |
- |
|
Capital Employed per Employee |
16.5 |
18.0 |
39.5 |
36.6 |
- |
|
Total Assets per Employee |
74.9 |
42.1 |
76.3 |
140.2 |
- |
|
Employee Remuneration by Sales |
0.01% |
0.02% |
0.01% |
0.00% |
0.00% |
|
Creditor Days (Cost of Sales Based) |
6.96 |
4.79 |
3.31 |
5.04 |
1.47 |
|
Creditor Days (Sales Based) |
6.78 |
4.39 |
3.25 |
4.89 |
1.42 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.37 |
|
UK Pound |
1 |
Rs.73.53 |
|
Euro |
1 |
Rs.64.37 |
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.