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MIRA INFORM REPORT
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Report Date : |
31.12.2011 |
IDENTIFICATION DETAILS
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Name : |
ROMAN ORIGINALS PLC |
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Registered Office : |
Unit 1, Vantage Point Wingfoot Way, Birmingham, B24 9JH |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
01.06.1970 |
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Com. Reg. No.: |
00980843 |
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Legal Form : |
Public Parent Company |
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Line of Business : |
provider and supplier
of ladieswear, which operates a chain of stores |
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No. of Employees
: |
392 |
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 : |
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) |
|
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 |
Roman Originals PLC
5 Wingfoot Close
Erdington
Birmingham, B24 9JH
United Kingdom
Tel: 01213801900
Fax: 01213801912
Employees: 392
Company Type: Public Parent
Corporate Family: 7
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
01-Jun-1970
Auditor: Watergates
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 32.2
1
Net Income: (0.1)
Total Assets: 18.6
Roman Originals
PLC is a provider and supplier of ladieswear, which operates a chain of stores
throughout the United Kingdom and Ireland. The company began production of
garments for large stores and then started to produce garments for sale under
it’s own label. Roman Originals’ range of products includes summer skirts,
smart and casual knits, suits for various occasions, hats, heavily embellished
garments, occasion wear, embroidered gypsy skirt, evening wear and jewellery.
(Updated by OneSource Information Services)
Industry
Industry Apparel and Accessories
ANZSIC 2006: 1351 - Clothing
Manufacturing
NACE 2002: 1822 - Manufacture
of other outerwear
NAICS 2002: 3152 - Cut and Sew
Apparel Manufacturing
UK SIC 2003: 1822 - Manufacture
of other outerwear
US SIC 1987: 2385 - Waterproof
Outerwear
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Name |
Title |
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Erich Christodoulou |
Managing Director |
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Caroline Kisby |
Accounts Administrator |
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Peter Euripides Christodoulou |
Secretary |
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Joanne Timmins |
Administrator |
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Title |
Date |
|
Roman Originals Wedding Collection Ready
for Wedding Season |
11-Mar-2011 |
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Womenswear - Frank Usher and Dusk fail to
return |
2-Sep-2011 |
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Roman Originals snaps up CDU occasionwear
brands |
27-May-2011 |
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Budget bridal |
26-Mar-2011 |
FYE: 31-Dec-2010 USD (mil)
Key Figures
Current Assets 9.98
Fixed Assets 8.60
Total Liabilities 4.92
Net Worth 8.03
Key Ratios
Current Ratio 2.03
Acid Test 0.65
Debt Gearing 69.26
Registered No.(UK): 00980843
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123
Location
5 Wingfoot Close
Erdington
Birmingham, B24 9JH
West Midlands County
United Kingdom
Tel: 01213801900
Fax: 01213801912
Sales GBP(mil): 20.8
Assets GBP(mil): 11.9
Employees: 392
Fiscal Year End: 31-Dec-2010
Industry: Apparel
and Accessories
Registered
Address:
Unit 1,
Vantage Point Wingfoot Way
Birmingham, B24 9JH
United Kingdom
Incorporation Date: 01-Jun-1970
Company Type: Public
Parent
Quoted Status: Not
Quoted
Registered No.(UK): 00980843
Managing Director: Erich
Christodoulou
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1351 - Clothing Manufacturing
4251 - Clothing Retailing
NACE 2002 Codes:
1822 - Manufacture of other outerwear
5242 - Retail sale of clothing
NAICS 2002 Codes:
3152 - Cut and Sew Apparel Manufacturing
4481 - Clothing Stores
US SIC 1987:
2385 - Waterproof Outerwear
5651 - Family Clothing Stores
UK SIC 2003:
5242 - Retail sale of clothing
1822 - Manufacture of other outerwear
Business
Description
Roman Originals
PLC is a provider and supplier of ladieswear, which operates a chain of stores
throughout the United Kingdom and Ireland. The company began production of
garments for large stores and then started to produce garments for sale under
it’s own label. Roman Originals’ range of products includes summer skirts,
smart and casual knits, suits for various occasions, hats, heavily embellished
garments, occasion wear, embroidered gypsy skirt, evening wear and jewellery.
(Updated by OneSource Information Services)
More Business
Descriptions
Clothing and Fabric Manufacturers
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Corporate
Family |
Corporate Structure
News: |
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Roman Originals
PLC |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Roman Originals PLC |
Parent |
Birmingham |
United Kingdom |
Apparel and Accessories |
32.2 |
392 |
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Executives |
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Branch Manager |
Division Head Executive |
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Managing Director |
Managing Director |
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Accounts Administrator |
Administration Executive |
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Administrator |
Administration Executive |
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Secretary |
Company Secretary |
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Manager |
Other |
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Manager |
Other |
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Manager |
Other |
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Manager |
Other |
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Main Office
Address: |
Tel: 01213801900 |
Annual Return Date: 14 Feb 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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Erich |
Current |
20 Dec 1960 |
Unit 1 Vantage Point Wingfoot Way, Erdington, |
14 Feb 1992 |
NA |
Current:9 |
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Peter Euripides |
Current |
01 Apr 1959 |
Unit 1 Vantage Point Wingfoot Way, Erdington, |
14 Feb 1992 |
NA |
Current:9 |
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Angelica Thalia |
Previous |
NA |
Sudeley, Talbot Avenue, |
14 Feb 1992 |
04 Dec 2008 |
Current:0 |
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Christodoulous |
Previous |
26 Oct 1927 |
Highfields, Withy Hill Road Bassets Pole, |
14 Feb 1992 |
03 Mar 1999 |
Current:0 |
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Inge Ursula |
Previous |
16 Apr 1935 |
Highfields Withy Hill Road, Bassetts Pole, |
14 Feb 1992 |
04 Oct 2006 |
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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Peter Euripides |
Current |
01 Apr 1959 |
Unit 1 Vantage Point Wingfoot Way, Erdington, |
04 Oct 2006 |
NA |
Current:9 |
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Inge Ursula |
Previous |
16 Apr 1935 |
Highfields Withy Hill Road, Bassetts Pole, |
14 Feb 1992 |
04 Oct 2006 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Shareholders |
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OneSource currently does not provide shareholding information for this
company. |
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Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
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 |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
32.2 |
36.4 |
- |
- |
- |
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Turnover (Exports) |
0.0 |
0.0 |
- |
- |
- |
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Total Turnover |
32.2 |
36.4 |
44.6 |
54.2 |
41.7 |
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Cost of Sales |
18.4 |
21.5 |
27.1 |
- |
23.4 |
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Total Expenses |
- |
- |
- |
49.7 |
- |
|
Gross Profit |
13.8 |
14.8 |
17.5 |
- |
18.3 |
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Depreciation |
0.6 |
0.6 |
0.5 |
0.5 |
0.6 |
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Other Expenses |
13.0 |
13.7 |
15.6 |
- |
14.0 |
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Operating Profit |
0.7 |
1.1 |
1.9 |
4.5 |
4.2 |
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Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
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Interest Paid |
0.3 |
0.3 |
0.5 |
0.1 |
0.0 |
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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 |
- |
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Profit Before Taxes |
0.5 |
0.8 |
1.3 |
4.5 |
4.3 |
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Tax Payable / Credit |
0.1 |
0.1 |
0.4 |
1.4 |
1.3 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.4 |
0.6 |
0.7 |
1.1 |
1.4 |
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Profit After Taxes |
-0.1 |
0.1 |
0.2 |
2.0 |
1.6 |
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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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Number of Employees |
392 |
361 |
372 |
380 |
315 |
|
Wages |
5.3 |
5.1 |
6.5 |
7.2 |
5.3 |
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Social Security Costs |
0.3 |
0.3 |
0.4 |
0.5 |
0.4 |
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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 |
5.6 |
5.4 |
6.9 |
7.7 |
5.6 |
|
Directors Emoluments |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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Land & Buildings |
7.1 |
7.3 |
6.5 |
0.8 |
0.8 |
|
Fixtures & Fittings |
1.4 |
1.8 |
1.9 |
2.1 |
1.5 |
|
Plant & Vehicles |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Total Tangible Fixed Assets |
8.6 |
9.2 |
8.5 |
3.1 |
2.5 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
8.6 |
9.2 |
8.5 |
3.1 |
2.5 |
|
Stocks |
6.5 |
5.3 |
5.9 |
5.7 |
1.0 |
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Work in Progress |
0.3 |
0.8 |
0.9 |
1.1 |
3.6 |
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Total Stocks Work In Progress |
6.8 |
6.2 |
6.8 |
6.8 |
4.6 |
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Trade Debtors |
2.4 |
2.4 |
1.1 |
3.8 |
3.5 |
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Other Debtors |
0.8 |
0.6 |
0.5 |
1.0 |
0.6 |
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Total Debtors |
3.2 |
3.0 |
1.6 |
4.8 |
4.0 |
|
Cash and Equivalents |
0.0 |
0.3 |
0.8 |
0.4 |
2.1 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
10.0 |
9.5 |
9.2 |
12.1 |
10.7 |
|
Total Assets |
18.6 |
18.7 |
17.6 |
15.2 |
13.2 |
|
Trade Creditors |
2.3 |
0.9 |
2.8 |
2.4 |
1.9 |
|
Bank Overdraft |
1.0 |
0.7 |
- |
- |
- |
|
Inter-Company Creditors |
0.0 |
0.0 |
- |
- |
- |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
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 |
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Total Short Term Loans |
0.4 |
0.0 |
- |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
0.3 |
0.6 |
0.5 |
0.6 |
1.0 |
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Social Security/VAT |
0.7 |
1.0 |
0.6 |
1.5 |
1.0 |
|
Corporation Tax |
0.3 |
0.3 |
0.3 |
0.8 |
1.4 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
4.9 |
3.5 |
4.2 |
5.3 |
5.4 |
|
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 |
5.6 |
6.7 |
6.0 |
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 |
5.6 |
6.7 |
6.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Issued Capital |
0.3 |
0.3 |
0.1 |
0.2 |
0.2 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Retained Earnings |
7.6 |
7.9 |
7.0 |
9.4 |
7.3 |
|
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 |
8.0 |
8.4 |
7.2 |
9.8 |
7.7 |
|
Net Worth |
8.0 |
8.4 |
7.2 |
9.8 |
7.7 |
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 |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
1.1 |
0.0 |
3.4 |
2.6 |
2.4 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.7 |
-0.9 |
-1.2 |
-1.2 |
-1.4 |
|
Taxation |
-0.2 |
-0.3 |
-0.7 |
-2.0 |
-1.2 |
|
Capital Expenditures |
-0.2 |
-0.3 |
-8.5 |
-1.1 |
-0.5 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
0.0 |
0.2 |
0.0 |
0.0 |
-0.1 |
|
Increase in Cash |
0.0 |
-1.3 |
-7.0 |
-1.7 |
-0.8 |
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 |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
2.03 |
2.74 |
2.17 |
2.30 |
1.99 |
|
Liquidity Ratio |
0.65 |
0.95 |
0.56 |
1.00 |
1.14 |
|
Stock Turnover |
4.80 |
6.11 |
5.13 |
7.91 |
9.71 |
|
Credit Period (Days) |
26.74 |
23.70 |
11.47 |
25.71 |
28.56 |
|
Working Capital by Sales |
15.50% |
15.95% |
14.18% |
12.66% |
12.03% |
|
Trade Credit by Debtors |
0.95 |
0.38 |
2.53 |
0.62 |
0.55 |
|
Return on Capital |
3.36% |
5.59% |
7.87% |
44.56% |
58.16% |
|
Return on Assets |
2.47% |
4.56% |
5.99% |
29.14% |
34.44% |
|
Profit Margin |
1.41% |
2.26% |
3.02% |
8.21% |
10.27% |
|
Return on Shareholders Funds |
5.71% |
10.18% |
14.58% |
45.35% |
59.25% |
|
Borrowing Ratio |
86.73% |
88.70% |
82.76% |
0.04% |
0.10% |
|
Equity Gearing |
43.24% |
44.78% |
41.06% |
64.25% |
58.12% |
|
Debt Gearing |
69.26% |
80.37% |
82.72% |
- |
- |
|
Interest Coverage |
1.73 |
3.18 |
2.46 |
46.38 |
582.00 |
|
Sales by Tangible Assets |
3.79 |
4.08 |
4.14 |
17.37 |
17.75 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Capital Employed per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Employee Remuneration by Sales |
17.51% |
14.99% |
15.52% |
14.22% |
13.48% |
|
Creditor Days (Cost of Sales Based) |
44.45 |
15.09 |
47.76 |
15.96 |
28.16 |
|
Creditor Days (Sales Based) |
25.43 |
8.93 |
28.99 |
15.96 |
15.83 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.27 |
|
UK Pound |
1 |
Rs.82.09 |
|
Euro |
1 |
Rs.68.90 |
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.