MIRA INFORM REPORT
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Report Date : |
22.12.2011 |
IDENTIFICATION DETAILS
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Name : |
KENNAMETAL EXTRUDE HONE LTD. |
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Registered Office : |
1 Sovereign Business Park, Joplin Court Crownhill, Milton Keynes, MK8
0JP |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
20.10.1983 |
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Com. Reg. No.: |
01763015 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Sale of specialised deburring and polishing equipment and sub-contract and service work in this field |
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No. of Employees
: |
10 persons |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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
Kennametal Extrude Hone Ltd.
Trading Address /
Registered Address
1 Sovereign Business Park
Joplin Court
Crownhill
Milton Keynes, MK8 0JP
United Kingdom
Tel: 01908263636
Fax: 01908262141
Web: www.extrudehone.com
Synthesis
Employees: 10
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Extrude Hone Corp
Quoted Status: Non-quoted Company
Incorporation Date:
20-Oct-1983
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 3.0
1
Net Income: 0.2
Total Assets: 1.7
Business Description
Sale of specialised deburring and polishing equipment and sub-contract
and service work in this field.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 2463 - Machine
Tool and Parts Manufacturing
NACE 2002: 2942 - Manufacture
of other metalworking machine tools
NAICS 2002: 33351 -
Metalworking Machinery Manufacturing
UK SIC 2003: 2942 - Manufacture
of other metalworking machine tools
US SIC 1987: 3549 -
Metalworking Machinery, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
David Peerless |
Sales Manager |
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Andrew Peter Godwin |
Secretary |
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Sean Alexander Trengove |
Director |
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James Walsh |
Director |
Financial Summary
FYE: 30-Jun-2010 USD (mil)
Key Figures
Current Assets 1.20
Fixed Assets 0.51
Total Liabilities 0.55
Net Worth 1.09
Key Ratios
Current Ratio 2.17
Acid Test 2.15
Registered No.(UK): 01763015
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6336074
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6684045
Corporate Overview
Location
1 Sovereign Business Park
Joplin Court
Crownhill
Milton Keynes, MK8 0JP
Buckinghamshire County
United Kingdom
Tel: 01908263636
Fax: 01908262141
Web: www.extrudehone.com
Sales GBP(mil): 1.9
Assets GBP(mil): 1.1
Employees: 10
Fiscal Year End: 30-Jun-2010
Industry: Miscellaneous Capital Goods
Registered
Address:
1 Sovereign Business Park
Joplin Court Crownhill
Milton Keynes, MK8 0JP
United Kingdom
Incorporation Date: 20-Oct-1983
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 01763015
Director: Sean Alexander
Trengove
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2463 - Machine Tool and Parts Manufacturing
NACE 2002 Codes:
2942 - Manufacture of other metalworking machine tools
NAICS 2002 Codes:
33351 - Metalworking Machinery Manufacturing
US SIC 1987:
3549 - Metalworking Machinery, Not Elsewhere Classified
UK SIC 2003:
2942 - Manufacture of other metalworking machine tools
Business
Description
Sale of specialised deburring and polishing equipment and sub-contract
and service work in this field.
More Business
Descriptions
Metal Finishing and Polishing Equipment
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Corporate
Family |
Corporate
Structure News: |
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Kennametal
Extrude Hone Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Extrude Hone Corp |
Parent |
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Kennametal Extrude Hone Ltd. |
Subsidiary |
Milton Keynes |
United Kingdom |
Miscellaneous Capital Goods |
3.0 |
10 |
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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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Sales Manager |
Sales Executive |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 01908263636 |
Annual Return Date: 18 Dec 2010 |
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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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Sean Alexander |
Current |
01 Apr 1964 |
18 Long Lane, |
02 Feb 2007 |
NA |
Current:1 |
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James |
Current |
15 Oct 1964 |
1 Sovereign Business Park, Joplin Court Crownhill, |
10 Mar 2010 |
NA |
Current:1 |
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Philip Brian |
Previous |
01 Oct 1952 |
8 Alderbrook Road, |
02 Feb 2007 |
25 Nov 2008 |
Current:0 |
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John |
Previous |
15 Aug 1944 |
26A High Street, North Crawley, |
15 Nov 2002 |
12 Sep 2006 |
Current:0 |
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Urs |
Previous |
10 May 1958 |
Mattweid 26, |
25 Nov 2008 |
31 Mar 2010 |
Current:0 |
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Gregor Mcintyre |
Previous |
10 Feb 1944 |
59 Wood Vale, |
18 Dec 1992 |
15 Nov 2002 |
Current:0 |
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Armin |
Previous |
12 Sep 1966 |
Oggenriederweg 12, |
31 Aug 2006 |
31 Mar 2007 |
Current:0 |
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Lawrence James |
Previous |
29 Jul 1944 |
106 Schenley Road, |
18 Dec 1992 |
28 Feb 2005 |
Current:0 |
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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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Andrew Peter |
Current |
10 Aug 1965 |
5 Oakdale Close, |
05 Jun 2009 |
NA |
Current:12 |
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Alison Mary |
Previous |
NA |
26A High Street, North Crawley, |
04 Nov 1999 |
05 Jun 2009 |
Current:0 |
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Charles Gary |
Previous |
NA |
7 Linmore Drive, |
18 Dec 1992 |
04 Nov 1999 |
Current:0 |
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James |
Previous |
NA |
1 Sovereign Business Park, Joplin Court Crownhill, |
10 Mar 2010 |
10 Mar 2010 |
Current:0 |
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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 |
|
Extrude Hone Corp |
90 Ordinary GBP 1.00 |
Ordinary |
90 |
1.00 |
90.00 |
100.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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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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|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.633607 |
0.627423 |
0.499214 |
0.517836 |
0.562718 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
2.0 |
2.2 |
2.8 |
4.1 |
3.2 |
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Turnover (Exports) |
1.1 |
3.7 |
1.0 |
0.4 |
0.3 |
|
Total Turnover |
3.0 |
5.9 |
3.8 |
4.5 |
3.5 |
|
Cost of Sales |
1.7 |
4.2 |
2.4 |
3.1 |
2.1 |
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Gross Profit |
1.4 |
1.7 |
1.4 |
1.3 |
1.4 |
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Depreciation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
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Other Expenses |
1.1 |
1.7 |
1.5 |
1.3 |
1.2 |
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Operating Profit |
- |
0.0 |
- |
- |
0.2 |
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Other Income |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
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Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Exceptional Income |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Profit Before Taxes |
0.2 |
0.0 |
0.0 |
0.1 |
0.2 |
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Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit After Taxes |
0.2 |
0.0 |
0.0 |
0.1 |
0.2 |
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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 |
0.0 |
0.0 |
- |
- |
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Number of Employees |
10 |
14 |
17 |
16 |
19 |
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Wages |
0.5 |
0.6 |
0.9 |
0.9 |
0.8 |
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Social Security Costs |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
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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 |
0.5 |
0.7 |
1.0 |
1.0 |
1.0 |
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Directors Emoluments |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
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Other Costs |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
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Directors Remuneration |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
Annual Balance Sheet
Financials in: USD (mil)
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|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.668405 |
0.60722 |
0.502475 |
0.498418 |
0.540672 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.1 |
0.1 |
0.6 |
0.2 |
0.2 |
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Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.4 |
0.6 |
0.1 |
0.1 |
0.2 |
|
Total Tangible Fixed Assets |
0.5 |
0.7 |
0.7 |
0.3 |
0.4 |
|
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 |
0.5 |
0.7 |
0.7 |
0.3 |
0.4 |
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Stocks |
0.0 |
0.2 |
0.0 |
0.0 |
0.1 |
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Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Stocks Work In Progress |
0.0 |
0.2 |
0.0 |
0.0 |
0.1 |
|
Trade Debtors |
0.8 |
0.7 |
0.9 |
1.5 |
0.7 |
|
Inter-Company Debtors |
0.4 |
0.0 |
1.1 |
0.7 |
0.2 |
|
Director Loans |
0.0 |
- |
- |
0.0 |
0.0 |
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Other Debtors |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
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Total Debtors |
1.2 |
0.7 |
2.1 |
2.2 |
1.0 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
1.2 |
0.9 |
2.1 |
2.3 |
1.3 |
|
Total Assets |
1.7 |
1.6 |
2.8 |
2.7 |
1.7 |
|
Trade Creditors |
0.0 |
0.0 |
0.1 |
0.1 |
0.0 |
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Bank Overdraft |
0.0 |
- |
- |
0.0 |
0.0 |
|
Inter-Company Creditors |
0.3 |
0.2 |
0.5 |
0.8 |
0.2 |
|
Director Loans (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Total Short Term Loans |
0.0 |
- |
- |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
0.1 |
0.1 |
0.2 |
0.2 |
0.2 |
|
Social Security/VAT |
0.1 |
0.2 |
0.1 |
0.2 |
0.1 |
|
Corporation Tax |
0.0 |
- |
- |
0.0 |
0.0 |
|
Dividends (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
0.0 |
0.5 |
0.0 |
0.0 |
|
Total Current Liabilities |
0.6 |
0.5 |
1.5 |
1.3 |
0.5 |
|
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 |
- |
|
Other Provisions |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Provisions |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
1.1 |
1.0 |
1.3 |
1.3 |
1.1 |
|
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 |
1.1 |
1.0 |
1.3 |
1.3 |
1.1 |
|
Net Worth |
1.1 |
1.0 |
1.3 |
1.3 |
1.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.633607 |
0.627423 |
0.499214 |
0.517836 |
0.562718 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.668405 |
0.60722 |
0.502475 |
0.498418 |
0.540672 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
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|
Current Ratio |
2.17 |
1.88 |
1.44 |
1.77 |
2.63 |
|
Liquidity Ratio |
2.15 |
1.50 |
1.42 |
1.76 |
2.39 |
|
Stock Turnover |
385.68 |
32.29 |
120.45 |
385.55 |
31.79 |
|
Credit Period (Days) |
97.28 |
39.52 |
91.25 |
118.52 |
73.77 |
|
Working Capital by Sales |
22.28% |
7.17% |
17.17% |
21.79% |
21.46% |
|
Trade Credit by Debtors |
0.03 |
0.03 |
0.12 |
0.05 |
0.03 |
|
Return on Capital |
13.56% |
-0.66% |
-0.44% |
5.74% |
16.09% |
|
Return on Assets |
9.17% |
-0.45% |
-0.21% |
2.93% |
11.47% |
|
Profit Margin |
5.41% |
-0.12% |
-0.16% |
1.68% |
5.27% |
|
Return on Shareholders Funds |
14.39% |
-0.70% |
-0.47% |
6.11% |
17.15% |
|
Borrowing Ratio |
24.03% |
20.33% |
36.75% |
62.87% |
13.81% |
|
Equity Gearing |
63.72% |
65.01% |
45.17% |
47.94% |
66.85% |
|
Interest Coverage |
43.91 |
- |
- |
- |
12.91 |
|
Sales by Tangible Assets |
5.67 |
9.04 |
5.34 |
13.29 |
8.86 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.3 |
0.4 |
0.2 |
0.3 |
0.2 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Employee Remuneration by Sales |
17.99% |
12.61% |
27.00% |
21.97% |
27.25% |
|
Creditor Days (Cost of Sales Based) |
4.97 |
1.41 |
17.88 |
9.10 |
3.25 |
|
Creditor Days (Sales Based) |
2.73 |
1.00 |
11.28 |
6.36 |
1.92 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.67 |
|
UK Pound |
1 |
Rs.82.53 |
|
Euro |
1 |
Rs.69.13 |
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.