MIRA INFORM REPORT
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Report Date : |
01.11.2011 |
IDENTIFICATION DETAILS
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Name : |
FASTNET FISH LTD. |
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Registered Office : |
Livingstone Road, Hessle, Hull, HU13 0EE |
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Country : |
United Kingdom |
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Financials (as on) : |
28.02.2010 |
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Date of Incorporation : |
19.01.1987 |
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Com. Reg. No.: |
02091078 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Subject is engaged in sourcing of frozen seafood |
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) |
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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
Fastnet Fish Ltd.
Registered Address
Estate Road 5
South Humberside Industrial Estate
Grimsby, DN31 2TG
United Kingdom
(Trading Address)
Tel: 01472240777
Fax: 01472241052
Web: www.fastnetfish.com
Synthesis
Employees: 28
Company Type: Private Subsidiary
Corporate Family: 43
Companies
Ultimate Parent: Andrew Marr International Ltd.
Quoted Status: Non-quoted Company
Incorporation Date:
19-Jan-1987
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
28-Mar-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 121.4
1
Net Income: 0.8
Total Assets: 32.7
Business Description
Established in
1980, Fastnet Fish Ltd. has expertise in the sourcing of frozen seafood. It
offers a range of frozen at sea fillets. The company also provides a variety of
blocks for processing. It serves clients in the seafood industry. The company
offers a selection of warm water prawns and shrimps.
Industry
Industry Retail (Grocery)
ANZSIC 2006: 360 - Grocery,
Liquor and Tobacco Product Wholesaling
NACE 2002: 5138 - Wholesale
of other food including fish, crustaceans and molluscs
NAICS 2002: 424460 - Fish and
Seafood Merchant Wholesalers
UK SIC 2003: 5138 - Wholesale
of other food including fish, crustaceans and molluscs
US SIC 1987: 514 - Groceries
and Related Products
Key Executives
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Name |
Title |
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Peter Doswell |
Managing Director |
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Christopher B Burt |
Company Secretary |
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Joy S Herd |
Director |
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R E Johnson |
Director |
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Christian L Marr |
Director |
Financial Summary
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Registered No.(UK): 02091078
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6281016
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6709383
Corporate Overview
Location
Estate Road 5
South Humberside Industrial Estate
Grimsby, DN31 2TG
South Humberside County
United Kingdom
Tel: 01472240777
Fax: 01472241052
Web: www.fastnetfish.com
Sales GBP(mil): 76.3
Assets GBP(mil): 21.9
Employees: 28
Fiscal Year End: 28-Mar-2010
Industry: Retail (Grocery)
Registered
Address:
Livingstone Road
Hessle
Hull, HU13 0EE
United Kingdom
Incorporation Date: 19-Jan-1987
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 02091078
Managing Director: Peter
Doswell
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
360 - Grocery, Liquor and Tobacco Product Wholesaling
NACE 2002 Codes:
5138 - Wholesale of other food including fish, crustaceans and
molluscs
NAICS 2002 Codes:
424460 - Fish and Seafood Merchant Wholesalers
US SIC 1987:
514 - Groceries and Related Products
UK SIC 2003:
5138 - Wholesale of other food including fish, crustaceans and
molluscs
Business
Description
Established in
1980, Fastnet Fish Ltd. has expertise in the sourcing of frozen seafood. It
offers a range of frozen at sea fillets. The company also provides a variety of
blocks for processing. It serves clients in the seafood industry. The company
offers a selection of warm water prawns and shrimps.
More Business
Descriptions
· Fastnet Fish Ltd. specialises in the worldwide sourcing of frozen seafood. The company’s products include fillets, blocks, warm water prawns and shrimp. Its commodities come from fleets throughout the world, such as South America, Europe and the Far East. Fastnet Fish Ltd. is a member of the Fastnet Fish Group. The Fastnet Fish Group manages two other subsidiary organisations: Fastnet Highlands Ltd. and F.A.S. 2000 Ltd. Fastnet Highlands Ltd. focuses on the sale of frozen scampi to major markets in Spain, France and Italy. F.A.S. 2000 Ltd. engages primarily in the supply and distribution of frozen fish fillets to the fish and chip trade throughout England. Fastnet Fish Ltd., incorporated in 1987, maintains its head offices in Grimsby, South Humberside.
· Wholesale trade in fish and fish products
· Fish Merchants (Wholesale)
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Corporate
Family |
Corporate
Structure News: |
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Fastnet Fish
Ltd. |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Hessle |
United Kingdom |
Commercial Banks |
531.7 |
228 |
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Subsidiary |
Hull |
United Kingdom |
Commercial Banks |
138.3 |
144 |
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Subsidiary |
Fort William |
United Kingdom |
Retail (Grocery) |
18.2 |
68 |
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Subsidiary |
Grimsby |
United Kingdom |
Retail (Grocery) |
121.4 |
28 |
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Subsidiary |
Ipswich |
United Kingdom |
Retail (Grocery) |
28.3 |
41 |
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Subsidiary |
Berks |
United Kingdom |
Retail (Grocery) |
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Subsidiary |
London |
United Kingdom |
Construction Services |
0.4 |
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Subsidiary |
London |
United Kingdom |
Construction Services |
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Subsidiary |
North Shields |
United Kingdom |
Miscellaneous Capital Goods |
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Subsidiary |
Hessle |
United Kingdom |
Fish and Livestock |
8.7 |
6 |
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Subsidiary |
Hessle |
United Kingdom |
Business Services |
0.0 |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Retail (Grocery) |
382.6 |
29 |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
0.7 |
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Subsidiary |
Hessle |
United Kingdom |
Fish and Livestock |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Crops |
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Subsidiary |
Hull |
United Kingdom |
Fish and Livestock |
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Subsidiary |
Hessle |
United Kingdom |
Retail (Grocery) |
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Subsidiary |
Hessle |
United Kingdom |
Food Processing |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hull |
United Kingdom |
Miscellaneous Transportation |
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Subsidiary |
Peterhead |
United Kingdom |
Fish and Livestock |
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Subsidiary |
Peterhead |
United Kingdom |
Fish and Livestock |
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Subsidiary |
Peterhead |
United Kingdom |
Fish and Livestock |
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Subsidiary |
Peterhead |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Peterhead |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Peterhead |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Peterhead |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Peterhead |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Commercial Banks |
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Subsidiary |
Hessle |
United Kingdom |
Fish and Livestock |
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Subsidiary |
Hessle |
United Kingdom |
Miscellaneous Transportation |
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Subsidiary |
Peterhead |
United Kingdom |
Fish and Livestock |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
United Kingdom |
Retail (Grocery) |
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Subsidiary |
Hessle |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hessle |
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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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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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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Managing Director |
Managing Director |
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Company Secretary |
Administration Executive |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 01472240777 |
Annual Return Date: 01 Jul 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 |
20 Apr 1972 |
Bridge Street, |
04 Jan 2010 |
NA |
Current:12 |
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Current |
23 Jul 1962 |
18 Hardys Road, |
01 Apr 2008 |
NA |
Current:5 |
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Current |
31 May 1952 |
Waverley House Rasen Road, Walesby, |
10 Jul 1991 |
NA |
Current:4 |
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Current |
19 Jan 1946 |
Hedgehog House Nooking Lane, Aylesby, |
10 Jul 1991 |
NA |
Current:7 |
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Current |
25 Apr 1969 |
40 Cumberland Avenue, |
01 Apr 2008 |
NA |
Current:1 |
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Current |
19 Apr 1962 |
4 West Ella Way, |
01 Mar 1995 |
NA |
Current:8 |
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Current |
04 Jan 1962 |
94 Saxon Leas, Winterslow, |
01 Oct 2004 |
NA |
Current:38 |
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Current |
04 Feb 1942 |
62 North Bar Without, |
01 Oct 2004 |
NA |
Current:17 |
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Current |
31 Mar 1947 |
Highcroft, 243 Westella Road, |
01 Oct 2004 |
NA |
Current:23 |
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Previous |
30 Aug 1943 |
Cedarlea 16 Barracks Lane, Ravensmoor, |
10 Jul 1991 |
01 Oct 2004 |
Current:10 |
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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 |
NA |
2 Badgers Wood, Park Lane, |
04 Jan 2010 |
NA |
Current:1 |
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Previous |
30 Aug 1943 |
Cedarlea 16 Barracks Lane, Ravensmoor, |
10 Jul 1991 |
01 Oct 2004 |
Current:10 |
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Previous |
04 Jan 1962 |
94 Saxon Leas, Winterslow, |
01 Oct 2004 |
04 Jan 2010 |
Current:38 |
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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 |
|
Fastnet Holdings Plc |
600000 Ordinary GBP 1.00 |
Ordinary |
600,000 |
1.00 |
600,000.00 |
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)
|
|
28-Mar-2010 |
29-Mar-2009 |
30-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
78 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.628102 |
0.590376 |
0.498379 |
0.528925 |
0.560422 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
- |
- |
- |
- |
111.7 |
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Turnover (Exports) |
- |
- |
- |
- |
54.6 |
|
Total Turnover |
121.4 |
127.8 |
144.7 |
139.0 |
166.3 |
|
Cost of Sales |
115.6 |
122.4 |
137.4 |
130.8 |
158.4 |
|
Gross Profit |
5.8 |
5.4 |
7.3 |
8.2 |
7.9 |
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Depreciation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
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Other Expenses |
5.2 |
4.6 |
5.4 |
5.8 |
5.7 |
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Other Income |
0.6 |
0.4 |
0.5 |
0.4 |
0.5 |
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Interest Paid |
0.3 |
0.8 |
1.4 |
1.3 |
1.3 |
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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 |
- |
|
Profit Before Taxes |
0.9 |
0.5 |
1.1 |
1.6 |
1.4 |
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Tax Payable / Credit |
0.2 |
0.1 |
0.3 |
0.5 |
0.4 |
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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 |
|
Profit After Taxes |
0.8 |
0.3 |
0.7 |
1.1 |
1.0 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Non Audit Fees |
- |
- |
- |
- |
0.0 |
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Number of Employees |
28 |
28 |
28 |
26 |
24 |
|
Wages |
2.7 |
2.4 |
2.8 |
3.0 |
2.9 |
|
Social Security Costs |
0.3 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Pensions |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Other Pension Costs |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Employees Remuneration |
3.2 |
2.8 |
3.3 |
3.5 |
3.4 |
|
Directors Emoluments |
1.6 |
1.1 |
1.2 |
1.5 |
1.5 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Directors Remuneration |
1.7 |
1.2 |
1.2 |
1.5 |
1.6 |
|
Highest Paid Director |
0.5 |
0.3 |
0.5 |
0.6 |
0.6 |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
28-Mar-2010 |
29-Mar-2009 |
30-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.670938 |
0.698153 |
0.502715 |
0.509853 |
0.576518 |
|
Consolidated |
No |
No |
No |
No |
No |
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|
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|
|
Total Tangible Fixed Assets |
1.4 |
1.4 |
2.0 |
1.9 |
1.6 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.1 |
0.1 |
0.2 |
0.2 |
0.2 |
|
Total Fixed Assets |
1.6 |
1.5 |
2.2 |
2.0 |
1.8 |
|
Stocks |
13.5 |
11.7 |
20.5 |
21.2 |
13.1 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
13.5 |
11.7 |
20.5 |
21.2 |
13.1 |
|
Trade Debtors |
16.1 |
14.6 |
17.1 |
17.9 |
15.6 |
|
Inter-Company Debtors |
1.3 |
1.2 |
2.0 |
1.6 |
1.7 |
|
Other Debtors |
0.2 |
0.2 |
0.3 |
0.2 |
0.1 |
|
Total Debtors |
17.6 |
15.9 |
19.3 |
19.7 |
17.4 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
31.1 |
27.7 |
39.8 |
41.0 |
30.5 |
|
Total Assets |
32.7 |
29.2 |
42.0 |
43.0 |
32.3 |
|
Trade Creditors |
12.8 |
11.1 |
15.8 |
14.4 |
12.1 |
|
Bank Overdraft |
2.8 |
1.2 |
5.4 |
5.5 |
3.7 |
|
Inter-Company Creditors |
4.2 |
4.2 |
3.9 |
4.8 |
5.7 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Total Short Term Loans |
5.5 |
6.8 |
8.6 |
10.1 |
5.2 |
|
Accruals/Deferred Income (Current Liability) |
1.3 |
0.8 |
1.3 |
1.9 |
0.9 |
|
Social Security/VAT |
0.3 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Corporation Tax |
0.1 |
0.0 |
0.2 |
0.3 |
0.1 |
|
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 |
|
Total Current Liabilities |
27.0 |
24.3 |
35.4 |
37.1 |
27.9 |
|
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 |
0.1 |
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 |
0.1 |
0.0 |
|
Other Long Term Loans |
0.1 |
0.1 |
0.3 |
0.4 |
0.5 |
|
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 |
0.1 |
0.1 |
0.3 |
0.5 |
0.6 |
|
Deferred Taxation |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Issued Capital |
0.9 |
0.9 |
1.2 |
1.2 |
1.0 |
|
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 |
4.7 |
3.8 |
4.9 |
4.1 |
2.6 |
|
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 |
5.6 |
4.7 |
6.1 |
5.3 |
3.7 |
|
Net Worth |
5.6 |
4.7 |
6.1 |
5.3 |
3.7 |
Annual Cash Flows
Financials
in: USD (mil)
|
|
28-Mar-2010 |
29-Mar-2009 |
30-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
78 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.628102 |
0.590376 |
0.498379 |
0.528925 |
0.560422 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual Ratios
Financials
in: USD (mil)
|
|
28-Mar-2010 |
29-Mar-2009 |
30-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
78 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.670938 |
0.698153 |
0.502715 |
0.509853 |
0.576518 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.15 |
1.14 |
1.12 |
1.11 |
1.09 |
|
Liquidity Ratio |
0.65 |
0.66 |
0.55 |
0.53 |
0.62 |
|
Stock Turnover |
8.41 |
9.26 |
7.01 |
6.80 |
8.25 |
|
Credit Period (Days) |
51.70 |
49.24 |
43.40 |
45.37 |
52.80 |
|
Working Capital by Sales |
3.61% |
3.15% |
3.05% |
2.71% |
2.39% |
|
Trade Credit by Debtors |
0.80 |
0.76 |
0.92 |
0.80 |
0.78 |
|
Return on Capital |
15.17% |
7.85% |
16.00% |
27.19% |
20.53% |
|
Return on Assets |
2.63% |
1.32% |
2.50% |
3.75% |
2.78% |
|
Profit Margin |
0.76% |
0.36% |
0.73% |
1.12% |
0.83% |
|
Return on Shareholders Funds |
15.41% |
8.25% |
17.16% |
30.39% |
24.15% |
|
Borrowing Ratio |
225.98% |
264.78% |
299.16% |
393.06% |
409.96% |
|
Equity Gearing |
17.06% |
16.02% |
14.58% |
12.34% |
11.50% |
|
Debt Gearing |
1.61% |
2.94% |
5.17% |
9.38% |
14.91% |
|
Interest Coverage |
2.89 |
0.61 |
0.75 |
1.19 |
1.04 |
|
Sales by Tangible Assets |
80.10 |
78.35 |
71.19 |
77.71 |
66.04 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Sales per Employee |
4.1 |
3.9 |
5.1 |
5.5 |
4.5 |
|
Capital Employed per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Tangible Assets per Employee |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
1.2 |
1.0 |
1.5 |
1.7 |
1.3 |
|
Employee Remuneration by Sales |
2.66% |
2.21% |
2.31% |
2.52% |
2.07% |
|
Creditor Days (Cost of Sales Based) |
43.28 |
39.27 |
42.22 |
38.66 |
43.02 |
|
Creditor Days (Sales Based) |
41.19 |
37.61 |
40.08 |
36.38 |
40.97 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.87 |
|
UK Pound |
1 |
Rs.78.11 |
|
Euro |
1 |
Rs.68.36 |
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.