MIRA INFORM REPORT
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Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
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Name : |
F.D.COPELAND & SONS LTD. |
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Registered Office : |
5 Westfield Street, London, SE18 5TL |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
25.10.1948 |
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Com. Reg. No.: |
00460389 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
providers of distillation, rectification and
blending solutions for natural essential oils |
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 |
Company name & address
F.D.Copeland & Sons Ltd.
5 Westfield Street
London, SE18 5TL
United Kingdom
Tel: 02088548101
Fax: 02088541077
Web : www.fdcopeland.com
Synthesis
Employees: 43
Company Type: Private Parent
Corporate Family: 2
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
25-Oct-1948
Auditor: Roffe Swayne
Financials in: USD
(Millions)
Fiscal Year End: 31-Dec-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 25.9
1
Net Income: 0.3
Total Assets: 12.2
Business Description
Founded in 1937,
F.D.Copeland & Sons Ltd. is one of the leading providers of distillation,
rectification and blending solutions for natural essential oils worldwide. The
company offers aniseed, angelica root, bay, basil, caraway and carrot seed
oils. It also provides dill seed, eucalyptus, fennel, ginger, laurel, lemon,
marjoram and orange oils. The company offers oils to the flavour and fragrance
markets. It maintains and operates several sales, application and technical
departments. The company offers oils for chocolates, chewing gums, soft drinks,
toothpastes, and oral care, bakery and pharmaceutical products. It provides a
range of oil sourcing and processing solutions.
Industry
Industry Personal Services
ANZSIC 2006: 9539 - Other
Personal Services Not Elsewhere Classified
NACE 2002: 9305 - Other
service activities not elsewhere classified
NAICS 2002: 8129 - Other
Personal Services
UK SIC 2003: 9305 - Other
service activities not elsewhere classified
US SIC 1987: 7299 - Miscellaneous
Personal Services, Not Elsewhere Classified
Key Executives
|
Name |
Title |
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David Laurence Sargent |
Finance Director |
|
Ian Marchant |
IT Manager |
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Derek Timothy Copeland |
Director |
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Andrew John Fellowes |
Director |
|
Stephen James Smith |
Director |
Financial Summary
FYE: 31-Dec-2010 USD (mil)
Key Figures
Current Assets 10.95
Fixed Assets 1.28
Total Liabilities 4.94
Net Worth 7.23
Key Ratios
Current Ratio 2.21
Acid Test 1.08
Registered No.(UK): 00460389
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
5 Westfield Street
London, SE18 5TL
London County
United Kingdom
Tel: 02088548101
Fax: 02088541077
Web: www.fdcopeland.com
Sales GBP(mil): 16.8
Assets GBP(mil): 7.8
Employees: 43
Fiscal Year End: 31-Dec-2010
Industry: Personal Services
Registered
Address:
Colanol Hse
5 Westfield St
London, SE18 5TL
United Kingdom
Incorporation Date: 25-Oct-1948
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(UK): 00460389
Director: Derek Timothy Copeland
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
9539 - Other Personal Services Not Elsewhere Classified
NACE 2002 Codes:
9305 - Other service activities not elsewhere classified
NAICS 2002 Codes:
8129 - Other Personal Services
US SIC 1987:
7299 - Miscellaneous Personal Services, Not Elsewhere Classified
UK SIC 2003:
9305 - Other service activities not elsewhere classified
Business
Description
Founded in 1937,
F.D.Copeland & Sons Ltd. is one of the leading providers of distillation,
rectification and blending solutions for natural essential oils worldwide. The
company offers aniseed, angelica root, bay, basil, caraway and carrot seed
oils. It also provides dill seed, eucalyptus, fennel, ginger, laurel, lemon,
marjoram and orange oils. The company offers oils to the flavour and fragrance
markets. It maintains and operates several sales, application and technical
departments. The company offers oils for chocolates, chewing gums, soft drinks,
toothpastes, and oral care, bakery and pharmaceutical products. It provides a
range of oil sourcing and processing solutions.
More Business
Descriptions
· Manufacture and sale of natural essential oils andallied products.
· Essential Oil Merchants
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Corporate
Family |
Corporate
Structure News: |
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F.D.Copeland
& Sons Ltd. |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
London |
United Kingdom |
Personal Services |
25.9 |
43 |
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Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
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Executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Finance Director |
Finance Executive |
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IT Manager |
Information Executive |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 02088548101 |
Annual Return Date: 09 Jan 2011 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
14 Aug 1956 |
Colanol Hse, 5 Westfield St, |
01 Jul 1996 |
NA |
Current:1 |
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Current |
30 May 1961 |
10 Liskeard Close, |
01 Jan 1995 |
NA |
Current:1 |
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Current |
29 Apr 1937 |
Droveway, Stelling Munnis, |
11 Jan 1993 |
NA |
Current:1 |
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Current |
27 Oct 1961 |
5 Upper Mill, |
01 Jan 1995 |
NA |
Current:3 |
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Current |
05 Sep 1964 |
Colanol Hse, 5 Westfield St, |
01 May 2006 |
NA |
Current:3 |
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Previous |
22 Jan 1933 |
17A Priestfields, |
11 Jan 1993 |
31 Dec 1995 |
Current:0 |
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Previous |
25 Oct 1939 |
143 Belmont Road, Northumberland Heath, |
11 Jan 1993 |
01 Oct 2001 |
Current:0 |
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Previous |
15 Mar 1944 |
18 Orchard Lane, Ripley, |
11 Jan 1993 |
30 Jun 2003 |
Current:0 |
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Previous |
11 Dec 1942 |
Penfedw Farm, Brongest, |
11 Jan 1993 |
31 Dec 2000 |
Current:0 |
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Previous |
21 Dec 1925 |
Woodlands 55 Marlings Park Avenue, |
11 Jan 1993 |
31 Dec 1995 |
Current:0 |
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Previous |
12 Jul 1931 |
Kennards, Leigh, |
11 Jan 1993 |
30 Jun 1999 |
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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Current |
05 Sep 1964 |
Colanol Hse, 5 Westfield St, |
25 Jan 2001 |
NA |
Current:3 |
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Previous |
05 Aug 1960 |
Rose Cottage, Church Street, Wootton, |
NA |
26 Feb 1998 |
Current:0 |
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Previous |
11 Jun 1935 |
2 Huron Close, Green St Green, |
26 Feb 1998 |
25 Jan 2001 |
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 |
|
Andrew Fellowes |
5000 Ordinary GBP 1.00 |
Ordinary |
5,000 |
1.00 |
5,000.00 |
5.00 |
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Ann Copeland |
732 Ordinary GBP 1.00 |
Ordinary |
732 |
1.00 |
732.00 |
0.73 |
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D. T. Copeland Trust |
399 Ordinary GBP 1.00 |
Ordinary |
399 |
1.00 |
399.00 |
0.40 |
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John Copeland |
732 Ordinary GBP 1.00 |
Ordinary |
732 |
1.00 |
732.00 |
0.73 |
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Michael Torre |
5000 Ordinary GBP 1.00 |
Ordinary |
5,000 |
1.00 |
5,000.00 |
5.00 |
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Richard Copeland |
8150 Ordinary GBP 1.00 |
Ordinary |
8,150 |
1.00 |
8,150.00 |
8.15 |
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Stephen Smith |
5000 Ordinary GBP 1.00 |
Ordinary |
5,000 |
1.00 |
5,000.00 |
5.00 |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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02651578 |
74987 Ordinary GBP 1.00 |
Ordinary |
74,987 |
1.00 |
74,987.00 |
74.99 |
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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 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
12.9 |
12.0 |
12.3 |
12.8 |
12.0 |
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Turnover (Exports) |
13.0 |
11.5 |
12.9 |
11.3 |
9.1 |
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Total Turnover |
25.9 |
23.6 |
25.3 |
24.1 |
21.1 |
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Cost of Sales |
21.5 |
19.7 |
21.0 |
20.1 |
18.1 |
|
Gross Profit |
4.4 |
3.9 |
4.3 |
3.9 |
3.0 |
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Depreciation |
0.1 |
0.1 |
0.0 |
0.1 |
0.2 |
|
Other Expenses |
3.8 |
3.5 |
4.0 |
3.8 |
3.4 |
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Operating Profit |
0.6 |
0.3 |
0.3 |
0.2 |
-0.4 |
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Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
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 |
0.3 |
0.3 |
0.2 |
-0.4 |
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Tax Payable / Credit |
0.2 |
0.1 |
0.1 |
0.0 |
-0.1 |
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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 |
0.3 |
0.2 |
0.2 |
0.1 |
-0.3 |
|
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 |
0.0 |
0.0 |
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Number of Employees |
- |
42 |
42 |
43 |
45 |
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Wages |
- |
2.5 |
3.3 |
2.9 |
2.6 |
|
Social Security Costs |
- |
0.3 |
0.4 |
0.3 |
0.3 |
|
Pensions |
- |
0.1 |
- |
- |
- |
|
Other Pension Costs |
- |
0.3 |
0.3 |
0.3 |
0.3 |
|
Employees Remuneration |
3.1 |
3.0 |
4.0 |
3.5 |
3.2 |
|
Other Costs |
- |
0.7 |
- |
- |
- |
|
Directors Remuneration |
0.8 |
0.9 |
1.0 |
0.9 |
0.7 |
|
Highest Paid Director |
0.2 |
0.2 |
0.3 |
0.2 |
0.2 |
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 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.1 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Plant & Vehicles |
1.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Total Tangible Fixed Assets |
1.3 |
0.2 |
0.1 |
0.2 |
0.3 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
1.6 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
1.3 |
0.2 |
0.1 |
0.2 |
1.9 |
|
Stocks |
5.3 |
5.6 |
5.6 |
5.3 |
6.5 |
|
Work in Progress |
0.2 |
0.1 |
0.4 |
0.5 |
0.4 |
|
Total Stocks Work In Progress |
5.6 |
5.7 |
6.0 |
5.8 |
6.9 |
|
Trade Debtors |
4.5 |
3.8 |
3.7 |
3.9 |
3.2 |
|
Director Loans |
0.0 |
- |
- |
- |
- |
|
Other Debtors |
0.7 |
0.3 |
0.4 |
0.3 |
0.8 |
|
Total Debtors |
5.1 |
4.1 |
4.1 |
4.2 |
4.0 |
|
Cash and Equivalents |
0.2 |
1.5 |
0.0 |
1.0 |
0.5 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
10.9 |
11.3 |
10.0 |
11.1 |
11.4 |
|
Total Assets |
12.2 |
11.5 |
10.1 |
11.3 |
13.3 |
|
Trade Creditors |
1.3 |
1.4 |
1.7 |
1.6 |
2.3 |
|
Bank Overdraft |
1.5 |
0.0 |
1.0 |
0.0 |
0.6 |
|
Inter-Company Creditors |
- |
- |
- |
0.0 |
- |
|
Director Loans (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Hire Purchase (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Finance Lease (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Total Short Term Loans |
- |
- |
- |
0.0 |
- |
|
Accruals/Deferred Income (Current Liability) |
1.8 |
2.8 |
1.1 |
1.3 |
0.6 |
|
Social Security/VAT |
0.1 |
0.1 |
0.2 |
0.1 |
0.2 |
|
Corporation Tax |
0.1 |
0.1 |
0.1 |
0.0 |
- |
|
Dividends (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Other Current Liabilities |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
4.9 |
4.4 |
4.0 |
3.0 |
3.7 |
|
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 |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
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 |
8.3 |
8.2 |
7.1 |
9.6 |
9.3 |
|
Other Reserves |
-1.2 |
-1.3 |
-1.1 |
-1.6 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
7.2 |
7.1 |
6.1 |
8.2 |
9.5 |
|
Net Worth |
7.2 |
7.1 |
6.1 |
8.2 |
8.0 |
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 |
-1.4 |
2.7 |
-2.0 |
1.0 |
-1.7 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Taxation |
0.0 |
-0.1 |
0.0 |
0.1 |
-0.1 |
|
Capital Expenditures |
-1.2 |
-0.1 |
-0.1 |
0.0 |
-0.1 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
-2.7 |
2.5 |
-2.1 |
1.1 |
-1.8 |
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 |
2.21 |
2.57 |
2.50 |
3.65 |
3.05 |
|
Liquidity Ratio |
1.08 |
1.27 |
1.01 |
1.72 |
1.20 |
|
Stock Turnover |
4.70 |
4.28 |
3.33 |
4.10 |
3.25 |
|
Credit Period (Days) |
62.15 |
57.06 |
67.91 |
59.56 |
51.56 |
|
Working Capital by Sales |
22.83% |
28.31% |
30.35% |
33.46% |
34.10% |
|
Trade Credit by Debtors |
0.30 |
0.37 |
0.47 |
0.40 |
0.74 |
|
Return on Capital |
7.38% |
4.21% |
3.53% |
1.94% |
-4.34% |
|
Return on Assets |
4.39% |
2.59% |
2.13% |
1.42% |
-3.12% |
|
Profit Margin |
2.04% |
1.22% |
1.09% |
0.67% |
-1.84% |
|
Return on Shareholders Funds |
7.43% |
4.21% |
3.53% |
1.94% |
-4.34% |
|
Borrowing Ratio |
21.06% |
- |
15.91% |
- |
7.16% |
|
Equity Gearing |
59.13% |
61.63% |
60.43% |
73.09% |
71.90% |
|
Interest Coverage |
7.73 |
5.75 |
4.65 |
7.60 |
- |
|
Sales by Tangible Assets |
20.54 |
137.63 |
193.75 |
113.38 |
68.13 |
|
Average Remuneration per Employee |
- |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
- |
0.6 |
0.5 |
0.6 |
0.5 |
|
Capital Employed per Employee |
- |
0.2 |
0.1 |
0.2 |
0.2 |
|
Tangible Assets per Employee |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
- |
0.3 |
0.2 |
0.3 |
0.3 |
|
Employee Remuneration by Sales |
11.83% |
12.78% |
15.70% |
14.65% |
15.01% |
|
Creditor Days (Cost of Sales Based) |
22.52 |
25.19 |
38.25 |
28.26 |
44.33 |
|
Creditor Days (Sales Based) |
18.69 |
21.05 |
31.75 |
23.63 |
38.03 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.78 |
|
UK Pound |
1 |
Rs.80.11 |
|
Euro |
1 |
Rs.68.82 |
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.