MIRA INFORM REPORT
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Report Date : |
05.11.2011 |
IDENTIFICATION DETAILS
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Name : |
EUROPEAN METAL RECYCLING LTD. |
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Registered Office : |
Sirius House, Delta Crescent Westbrook, Warrington, WA5 7NS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
02.08.1994 |
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Com. Reg. No.: |
02954623 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Providing Waste Management Services |
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
European Metal Recycling Ltd.
Sirius House
Delta Crescent
Westbrook
Warrington, WA5 7NS
United Kingdom
Tel: 01925715400
Fax: 01925713470
Web: www.emrltd.com
synthesis
Employees: 2,226
Company Type: Private Parent
Corporate Family: 72
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
02-Aug-1994
Auditor: Grant Thornton UK LLP
Financials in: usd (Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 3,754.3 1
Net Income: 156.6
Total Assets: 1,878.8
Business Description
European Metal
Recycling was formed in 1994 by the Sheppard Group in Manchester, England. It
was one of the first of several key acquisitions to rapidly grow the company
and create a global leader in recycling. The company operates at about 65
locations, with liaison offices throughout the world. Its core business
involves the accumulation and recycling of metal-based consumer products, such
as metal off cuts from factories and demolition materials, which accounts for more
than 8 million tonnes a year. The company has extensive ferrous, non-ferrous,
plastics and other materials operations. Supporting its core activities are a
range of specialist divisions that range from industrial clearance, total waste
management and compliance services for manufacturers under new producer
responsibility rules to local authority services on abandoned vehicles and
metals arising from civic amenity sites, incinerators and recycling facilities.
European Metal Recycling is in Warrington, Cheshire. (Updated by OneSource
Information Services)
Industry
Industry Waste Management Services
ANZSIC 2006: 29 - Waste
Collection, Treatment and Disposal Services
NACE 2002: 3710 - Recycling
of metal waste and scrap
NAICS 2002: 562920 - Materials
Recovery Facilities
UK SIC 2003: 3710 - Recycling
of metal waste and scrap
US SIC 1987: 4953 - Refuse
Systems
Key Executives
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Name |
Title |
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Michael Hughes |
Finance Director |
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Emma Rimmer |
Marketing Manager |
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Christopher J Tinsley |
Company Secretary |
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Robin Sheppard |
Operations Director |
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Angela Jones |
HR Adviser |
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news
|
Title |
Date |
|
Mother
fired in pregnancy wins tribunal |
21-Oct-2011 |
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Man killed
at metal recycling plant |
20-Oct-2011 |
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2011 Report
on the $75 Billion US Recyclable Material Wholesalers Industry |
19-Oct-2011 |
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Research
and Markets: 2011 Report on the $75 Billion US Recyclable Material
Wholesalers Industry |
10-Oct-2011 |
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Profits up 70%
at scrap giant |
5-Oct-2011 |
Financial Summary
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Registered No.(UK): 02954623
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123
Corporate Overview
Location
Sirius House
Delta Crescent
Westbrook
Warrington, WA5 7NS
Cheshire County
United Kingdom
Tel: 01925715400
Fax: 01925713470
Web: www.emrltd.com
Sales GBP(mil): 2,431.2
Assets GBP(mil): 1,200.0
Employees: 2,226
Fiscal Year End: 31-Dec-2010
Industry: Waste Management Services
Registered
Address:
Sirius House
Delta Crescent Westbrook
Warrington, WA5 7NS
United Kingdom
Incorporation Date: 02-Aug-1994
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(UK): 02954623
Director: Colin Iles
Contents
· Industry Codes
· Business Description
· Financial Data
· Subsidiaries
· Key Corporate Relationships
· Industry Codes
ANZSIC 2006 Codes:
4610 - Road Freight Transport
671 - Property Operators
5299 - Other Transport Support Services Not Elsewhere Classified
29 - Waste Collection, Treatment and
Disposal Services
NACE 2002 Codes:
3710 - Recycling of metal waste and scrap
6024 - Freight transport by road
7020 - Letting of own property
6311 - Cargo handling
NAICS 2002 Codes:
488 - Support Activities for Transportation
562920 - Materials Recovery Facilities
5311 - Lessors of Real Estate
4841 - General Freight Trucking
US SIC 1987:
4789 - Transportation Services, Not Elsewhere Classified
651 - Real Estate Operators (except Developers)
4953 - Refuse Systems
421 - Trucking and Courier Services, Except Air
UK SIC 2003:
3710 - Recycling of metal waste and scrap
6024 - Freight transport by road
7020 - Letting of own property
6311 - Cargo handling
Business
Description
European Metal
Recycling was formed in 1994 by the Sheppard Group in Manchester, England. It
was one of the first of several key acquisitions to rapidly grow the company
and create a global leader in recycling. The company operates at about 65
locations, with liaison offices throughout the world. Its core business
involves the accumulation and recycling of metal-based consumer products, such
as metal off cuts from factories and demolition materials, which accounts for
more than 8 million tonnes a year. The company has extensive ferrous,
non-ferrous, plastics and other materials operations. Supporting its core
activities are a range of specialist divisions that range from industrial
clearance, total waste management and compliance services for manufacturers
under new producer responsibility rules to local authority services on
abandoned vehicles and metals arising from civic amenity sites, incinerators
and recycling facilities. European Metal Recycling is in Warrington, Cheshire.
(Updated by OneSource Information Services)
More Business
Descriptions
· Processing and sale of scrap ferrous and non-ferrous metals
· Representative Office
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Corporate
Family |
Corporate
Structure News: |
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European Metal
Recycling Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Warrington |
United Kingdom |
Waste Management Services |
3,754.3 |
2,226 |
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Subsidiary |
Biggleswade |
United Kingdom |
Nonclassifiable Industries |
179.8 |
84 |
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Subsidiary |
Bellshill |
United Kingdom |
Waste Management Services |
94.5 |
44 |
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Subsidiary |
Warrington |
United Kingdom |
Waste Management Services |
20.0 |
12 |
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Subsidiary |
Brentford |
United Kingdom |
Personal Services |
0.8 |
4 |
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Subsidiary |
Warrington |
United Kingdom |
Commercial Banks |
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Subsidiary |
Warrington |
United Kingdom |
Commercial Banks |
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Subsidiary |
Warrington |
United Kingdom |
Commercial Banks |
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Subsidiary |
Birmingham |
United Kingdom |
Nonclassifiable Industries |
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30 |
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Subsidiary |
Brentford |
United Kingdom |
Nonclassifiable Industries |
59.8 |
19 |
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Subsidiary |
Erith |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Brentford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Sunderland |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Newport |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Hounslow |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Bedford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Blackburn |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Bedford |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Middlesbrough |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Bellshill |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Rochdale |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Erith |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
West Bromwich |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Southampton |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Portsmouth |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
London |
United Kingdom |
Water Transportation |
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Subsidiary |
Warrington |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Warrington |
United Kingdom |
Business Services |
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Subsidiary |
Warrington |
United Kingdom |
Waste Management Services |
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Executive report
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 01925715400 |
Annual Return Date: 18 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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Current |
07 Jul 1974 |
Sirius House Delta Crescent, Westbrook, |
20 Nov 2007 |
NA |
Current:41 |
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Current |
06 May 1948 |
Farmers Green Wilmslow Road, Mottram St
Andrew, |
27 Oct 2010 |
NA |
Current:3 |
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Current |
04 Sep 1944 |
10 Duck Pond Road, |
29 Nov 1994 |
NA |
Current:8 |
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Current |
04 Aug 1954 |
15 Chepstow Close, Bamford, |
26 Sep 1994 |
NA |
Current:5 |
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Previous |
27 Jan 1933 |
Biotec House Central Park Western Avenue,
Bridgend Industrial Estate, |
03 May 2000 |
16 Aug 2002 |
Current:4 |
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Previous |
28 Jul 1947 |
Byways Seal Drive, Seal, |
NA |
31 May 2000 |
Current:0 |
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Previous |
29 Oct 1943 |
Church Farm, Whelford, |
29 Nov 1994 |
05 Jan 1998 |
Current:0 |
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Previous |
23 Oct 1940 |
Hazelwood, Hook Road, |
16 Mar 1998 |
03 May 2000 |
Current:0 |
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Previous |
17 Jan 1945 |
25 North Wall, Cricklade, |
NA |
11 Feb 1999 |
Current:1 |
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Previous |
11 Jan 1947 |
15 Broadhalgh Avenue, Bamford, |
26 Sep 1994 |
22 Aug 2011 |
Current:1 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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London Law Services Limited |
Previous |
84 Temple Chambers, Temple Avenue, |
02 Aug 1994 |
19 Sep 1994 |
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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 |
Sirius House, Delta Crescent Westbrook, |
20 May 2010 |
NA |
Current:1 |
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Previous |
26 Feb 1968 |
Cae Mynydd, Pentre Minera, |
01 May 2005 |
24 Oct 2005 |
Current:21 |
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Previous |
11 Jun 1949 |
Penn Oast Manor Lane, Hollingbourne, |
03 May 2000 |
18 Dec 2001 |
Current:0 |
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Previous |
04 Sep 1944 |
10 Duck Pond Road, |
NA |
01 Dec 1996 |
Current:8 |
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Previous |
06 Jul 1964 |
31 Marlborough Avenue, |
01 Dec 1996 |
29 Mar 2000 |
Current:0 |
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Previous |
NA |
15 Chaddock Lane, Boothstown, |
18 Dec 2001 |
17 Jul 2003 |
Current:0 |
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Previous |
02 Nov 1968 |
32 Hampshire Crescent, |
24 Oct 2005 |
20 May 2010 |
Current:1 |
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Previous |
09 Apr 1960 |
32 Kayswell Road, |
17 Jul 2003 |
01 May 2005 |
Current:4 |
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Previous |
22 May 1963 |
88 Derbyshire Lane, Stretford, |
29 Mar 2000 |
03 May 2000 |
Current:0 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
London Law Secretarial Limited |
Previous |
84 Temple Chambers, Temple Avenue, |
02 Aug 1994 |
19 Sep 1994 |
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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 |
|
Alan Michael Crowe |
3779 B Ordinary GBP 0.01 |
B Ordinary |
3,779 |
0.01 |
37.79 |
0.04 |
|
Clive Sheppard |
1298800 A Ordinary GBP 0.01 |
A Ordinary |
1,298,800 |
0.01 |
12,988.00 |
12.40 |
|
Clive Sheppard |
9000 B Ordinary GBP 0.01 |
B Ordinary |
9,000 |
0.01 |
90.00 |
0.09 |
|
F B Roberts |
32540 B Ordinary GBP 0.01 |
B Ordinary |
32,540 |
0.01 |
325.40 |
0.31 |
|
J G Fitzmaurice |
2000 B Ordinary GBP 0.01 |
B Ordinary |
2,000 |
0.01 |
20.00 |
0.02 |
|
John Brian Roberts |
37780 B Ordinary GBP 0.01 |
B Ordinary |
37,780 |
0.01 |
377.80 |
0.36 |
|
Phillip Robert Sheppard |
1298800 A Ordinary GBP 0.01 |
A Ordinary |
1,298,800 |
0.01 |
12,988.00 |
12.40 |
|
Phillip Robert Sheppard |
12855 B Ordinary GBP 0.01 |
B Ordinary |
12,855 |
0.01 |
128.55 |
0.12 |
|
Robert Sheppard |
10800 B Ordinary GBP 0.01 |
B Ordinary |
10,800 |
0.01 |
108.00 |
0.10 |
|
Robert Sheppard |
1500 B Ordinary GBP 0.01 |
B Ordinary |
1,500 |
0.01 |
15.00 |
0.01 |
|
Robin Sheppard |
402400 A Ordinary GBP 0.01 |
A Ordinary |
402,400 |
0.01 |
4,024.00 |
3.84 |
|
Robin Sheppard |
1298800 A Ordinary GBP 0.01 |
A Ordinary |
1,298,800 |
0.01 |
12,988.00 |
12.40 |
|
T G Roberts |
4000 B Ordinary GBP 0.01 |
B Ordinary |
4,000 |
0.01 |
40.00 |
0.04 |
|
The Clive Sheppard Children's Settlement
Trust |
1000000 A Ordinary GBP 0.01 |
A Ordinary |
1,000,000 |
0.01 |
10,000.00 |
9.55 |
|
The Phillip Sheppard Children's Settlement
Trust |
1000000 A Ordinary GBP 0.01 |
A Ordinary |
1,000,000 |
0.01 |
10,000.00 |
9.55 |
|
The R H (Bob) Sheppard Settlement For The
Children Of R (Robin) S |
87500 Cumulative Preference GBP 1.00 |
Cumulative Preference |
87,500 |
1.00 |
87,500.00 |
0.84 |
|
The R H Sheppard Settlement For The
Children Of C (Clive) Sheppar |
87500 Cumulative Preference GBP 1.00 |
Cumulative Preference |
87,500 |
1.00 |
87,500.00 |
0.84 |
|
The Robin Sheppard Children's Settlement
Trust |
1000000 A Ordinary GBP 0.01 |
A Ordinary |
1,000,000 |
0.01 |
10,000.00 |
9.55 |
|
The S J (Stan) Sheppard Settlement For The
Children Of P R (Phill |
201200 A Ordinary GBP 0.01 |
A Ordinary |
201,200 |
0.01 |
2,012.00 |
1.92 |
|
The S J (Stan) Sheppard Settlement For The
Children Of R (Robin) |
87500 Cumulative Preference GBP 1.00 |
Cumulative Preference |
87,500 |
1.00 |
87,500.00 |
0.84 |
|
The S J Sheppard Settlement For The
Children Of T J (Trevor) Shep |
201200 A Ordinary GBP 0.01 |
A Ordinary |
201,200 |
0.01 |
2,012.00 |
1.92 |
|
The S J Sheppard Settlement For The
Children Of T J (Trevor) Shep |
87500 Cumulative Preference GBP 1.00 |
Cumulative Preference |
87,500 |
1.00 |
87,500.00 |
0.84 |
|
The Trevor Sheppard Children's Settlement
Trust |
1000000 A Ordinary GBP 0.01 |
A Ordinary |
1,000,000 |
0.01 |
10,000.00 |
9.55 |
|
Trevor Sheppard |
8445 B Ordinary GBP 0.01 |
B Ordinary |
8,445 |
0.01 |
84.45 |
0.08 |
|
Trevor Sheppard |
1298800 A Ordinary GBP 0.01 |
A Ordinary |
1,298,800 |
0.01 |
12,988.00 |
12.40 |
|
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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)
|
|
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 |
Yes |
Yes |
Yes |
Yes |
Yes |
|
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|
|
|
|
|
Total Turnover |
3,754.3 |
2,873.0 |
5,680.4 |
4,487.3 |
3,111.5 |
|
Cost of Sales |
3,069.5 |
2,332.6 |
5,022.5 |
3,738.8 |
2,568.0 |
|
Gross Profit |
684.8 |
540.4 |
657.9 |
748.5 |
543.5 |
|
Depreciation |
51.8 |
61.5 |
67.1 |
55.4 |
38.9 |
|
Other Expenses |
455.0 |
393.1 |
528.1 |
495.2 |
352.1 |
|
Operating Profit |
229.8 |
147.3 |
129.8 |
253.3 |
- |
|
Other Income |
24.6 |
7.6 |
6.8 |
6.1 |
16.1 |
|
Interest Paid |
16.7 |
16.5 |
26.9 |
35.1 |
16.2 |
|
Exceptional Income |
1.8 |
3.5 |
6.5 |
14.4 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
239.5 |
142.0 |
116.3 |
238.7 |
191.4 |
|
Tax Payable / Credit |
82.9 |
51.0 |
64.0 |
84.0 |
62.5 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
156.6 |
91.0 |
52.3 |
154.7 |
129.0 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.5 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Non Audit Fees |
0.0 |
0.3 |
0.4 |
0.5 |
0.0 |
|
Number of Employees |
2,226 |
2,136 |
2,608 |
2,365 |
1,959 |
|
Wages |
131.7 |
124.5 |
224.0 |
174.1 |
126.8 |
|
Social Security Costs |
13.4 |
15.2 |
20.1 |
13.9 |
10.5 |
|
Pensions |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Other Pension Costs |
2.1 |
2.2 |
2.7 |
3.5 |
2.6 |
|
Employees Remuneration |
147.2 |
142.0 |
246.8 |
191.5 |
139.9 |
|
Directors Emoluments |
9.2 |
19.6 |
35.7 |
37.0 |
24.8 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
9.2 |
19.6 |
35.8 |
37.0 |
24.8 |
|
Highest Paid Director |
4.0 |
9.4 |
16.4 |
17.1 |
11.9 |
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 |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Land & Buildings |
148.7 |
136.0 |
133.5 |
128.8 |
114.5 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
181.4 |
195.9 |
220.3 |
205.4 |
162.5 |
|
Total Tangible Fixed Assets |
330.1 |
331.9 |
353.8 |
334.2 |
277.0 |
|
Intangible Assets |
247.7 |
262.8 |
317.7 |
371.9 |
197.0 |
|
Investments |
177.9 |
180.4 |
25.0 |
47.5 |
82.6 |
|
Total Fixed Assets |
755.6 |
775.1 |
696.4 |
753.6 |
556.6 |
|
Stocks |
476.0 |
403.9 |
429.6 |
402.8 |
386.2 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
476.0 |
403.9 |
429.6 |
402.8 |
386.2 |
|
Trade Debtors |
384.5 |
358.3 |
143.9 |
418.9 |
263.1 |
|
Inter-Company Debtors |
0.0 |
52.3 |
0.3 |
0.0 |
0.0 |
|
Other Debtors |
182.1 |
66.1 |
69.2 |
50.5 |
23.2 |
|
Total Debtors |
566.6 |
476.7 |
213.4 |
469.4 |
286.3 |
|
Cash and Equivalents |
80.5 |
19.4 |
43.8 |
13.6 |
76.6 |
|
Other Current Assets |
0.1 |
0.2 |
0.2 |
0.3 |
24.5 |
|
Total Current Assets |
1,123.1 |
900.3 |
687.0 |
886.1 |
773.6 |
|
Total Assets |
1,878.8 |
1,675.4 |
1,383.4 |
1,639.7 |
1,330.2 |
|
Trade Creditors |
345.4 |
270.6 |
183.5 |
250.5 |
223.3 |
|
Bank Overdraft |
12.5 |
59.0 |
46.2 |
18.0 |
67.5 |
|
Inter-Company Creditors |
10.5 |
9.5 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Current Liability) |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.2 |
2.4 |
5.0 |
4.1 |
4.7 |
|
Total Short Term Loans |
10.5 |
85.2 |
86.6 |
105.8 |
45.4 |
|
Accruals/Deferred Income (Current Liability) |
122.7 |
174.1 |
164.1 |
179.9 |
132.8 |
|
Social Security/VAT |
3.1 |
3.1 |
4.2 |
8.2 |
7.7 |
|
Corporation Tax |
24.4 |
26.1 |
9.6 |
42.6 |
42.1 |
|
Dividends (Current Liability) |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Current Liabilities |
12.7 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
542.1 |
630.0 |
499.3 |
609.2 |
523.5 |
|
Group Loans (Long Term Liability) |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.2 |
9.4 |
5.3 |
6.5 |
|
Other Long Term Loans |
293.1 |
139.6 |
103.4 |
150.5 |
131.8 |
|
Accruals/Deferred Income (Long Term Liability) |
19.1 |
23.7 |
32.8 |
74.7 |
30.8 |
|
Other Long Term Liabilities |
18.8 |
15.4 |
28.0 |
39.0 |
30.0 |
|
Total Long Term Liabilities |
331.0 |
178.8 |
173.5 |
269.5 |
199.1 |
|
Deferred Taxation |
11.9 |
0.0 |
0.0 |
0.0 |
3.5 |
|
Other Provisions |
63.3 |
59.7 |
52.2 |
58.3 |
52.1 |
|
Total Provisions |
75.2 |
59.7 |
52.2 |
58.3 |
55.6 |
|
Issued Capital |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Share Premium Accounts |
11.6 |
12.0 |
10.7 |
14.8 |
14.5 |
|
Revaluation Reserve |
6.5 |
6.7 |
5.9 |
8.2 |
8.1 |
|
Retained Earnings |
911.3 |
787.1 |
640.8 |
678.3 |
525.5 |
|
Other Reserves |
1.0 |
1.0 |
0.9 |
1.2 |
1.2 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
-2.5 |
|
Total Shareholders Funds |
930.5 |
806.9 |
658.4 |
702.7 |
549.4 |
|
Net Worth |
682.8 |
544.1 |
340.7 |
330.8 |
352.4 |
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 |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
201.9 |
158.7 |
442.7 |
209.5 |
335.2 |
|
Net Cash Flow from ROI and Servicing of Finance |
-3.3 |
-5.8 |
-18.2 |
-11.3 |
-8.7 |
|
Taxation |
-68.9 |
-22.2 |
-127.0 |
-90.6 |
-49.5 |
|
Capital Expenditures |
-46.3 |
-56.0 |
-81.3 |
-71.3 |
-34.4 |
|
Acquisitions and Disposals |
-52.7 |
-123.2 |
-126.3 |
-138.4 |
-310.8 |
|
Paid Up Equity |
0.5 |
1.3 |
0.0 |
0.0 |
1.5 |
|
Management of Liquid Resources |
0.3 |
3.1 |
0.0 |
13.7 |
4.7 |
|
Net Cash Flow From Financing |
71.3 |
5.4 |
-79.1 |
74.8 |
144.3 |
|
Increase in Cash |
102.8 |
-38.8 |
10.8 |
-13.8 |
82.3 |
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 |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Current Ratio |
2.07 |
1.43 |
1.38 |
1.45 |
1.48 |
|
Liquidity Ratio |
1.19 |
0.79 |
0.52 |
0.79 |
0.74 |
|
Stock Turnover |
8.00 |
7.37 |
10.37 |
11.08 |
8.57 |
|
Credit Period (Days) |
36.87 |
43.94 |
11.79 |
34.24 |
29.02 |
|
Working Capital by Sales |
15.27% |
9.08% |
4.21% |
6.20% |
7.55% |
|
Trade Credit by Debtors |
0.90 |
0.76 |
1.28 |
0.60 |
0.85 |
|
Return on Capital |
18.17% |
14.07% |
10.32% |
23.05% |
25.24% |
|
Return on Assets |
12.93% |
8.78% |
6.59% |
14.48% |
15.31% |
|
Profit Margin |
6.38% |
4.94% |
2.05% |
5.32% |
6.15% |
|
Return on Shareholders Funds |
26.10% |
18.23% |
13.85% |
33.80% |
37.06% |
|
Borrowing Ratio |
47.87% |
54.37% |
73.54% |
85.77% |
72.59% |
|
Equity Gearing |
49.53% |
48.16% |
47.59% |
42.85% |
41.31% |
|
Debt Gearing |
42.93% |
25.69% |
33.09% |
47.10% |
39.23% |
|
Interest Coverage |
14.37 |
8.62 |
4.33 |
6.80 |
11.81 |
|
Sales by Tangible Assets |
11.53 |
8.97 |
12.59 |
13.36 |
11.95 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Sales per Employee |
1.7 |
1.4 |
1.7 |
1.9 |
1.7 |
|
Capital Employed per Employee |
0.6 |
0.5 |
0.3 |
0.4 |
0.4 |
|
Tangible Assets per Employee |
0.1 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.8 |
0.8 |
0.5 |
0.7 |
0.7 |
|
Employee Remuneration by Sales |
3.92% |
4.94% |
4.35% |
4.27% |
4.50% |
|
Creditor Days (Cost of Sales Based) |
40.51 |
40.88 |
17.00 |
24.58 |
29.84 |
|
Creditor Days (Sales Based) |
33.12 |
33.19 |
15.03 |
20.48 |
24.63 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
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.