MIRA INFORM REPORT
|
Report Date : |
01.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
GODREJ INDUSTRIES LIMITED |
|
|
|
|
Formerly Known As : |
GODREJ SOAPS LIMITED |
|
|
|
|
Registered Office : |
Mr De Mistry, 2nd Floor, 284a Chase Road Southgate , N14 6hf |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2002 |
|
|
|
|
Date of Incorporation : |
01.10.1976 |
|
|
|
|
Com. Reg. No.: |
FC008981 |
|
|
|
|
Legal Form : |
Private Limited Company |
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|
|
|
Line of Business : |
---- |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
|
|
|
Payment
Behaviour : |
Unknown |
|
|
|
|
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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
United Kingdom |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
|
Company Name |
GODREJ INDUSTRIES LIMITED |
Company Number |
FC008981 |
|
Registered Address |
MR DE MISTRY |
Trading Address |
Mr De Mistry |
|
|
2ND FLOOR |
|
|
|
|
284A CHASE ROAD SOUTHGATE |
|
|
|
|
N14 6HF |
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|
|
|
|
|
|
|
Website Address |
- |
|
|
|
Telephone Number |
02088860145 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
01/10/1976 |
Company Status |
Insufficient Information |
|
Previous Name |
GODREJ SOAPS LIMITED |
Type |
Other |
|
|
|
Filing Date of Accounts |
30/01/2003 |
|
Date of Change |
01/02/1989 |
Share Capital |
- |
|
Sic Code |
|
Currency |
|
|
Sic Description |
|
||
|
Principal Activity |
|
||
CREDIT RECOMENDATION
Current Credit Limit: No credit limit recommended.
Last 3 Years
Credit Limit
|
Date |
Limit |
|
31/12/2010 |
- |
|
31/12/2009 |
- |
|
31/12/2008 |
£0 |
Rating History
|
Date |
Rating |
Description |
|
19/03/2009 |
Not Rated |
Insufficient Information |
|
12/06/2004 |
0 |
Directors not appointed |
|
14/06/2003 |
87 |
Very Good Credit Worthiness |
|
04/06/2003 |
0 |
Caution - Credit at your discretion |
|
23/05/2003 |
87 |
Very Good Credit Worthiness |
|
12/12/2001 |
0 |
Financial Statements not filed / too old |
|
09/09/2001 |
0 |
Financial Statements not filed / too old |
|
18/07/2001 |
0 |
Financial Statements not filed / too old |
Limit History
|
Date |
Limit |
|
19/03/2009 |
- |
|
12/06/2004 |
£0 |
DIRECTORS/MANAGEMENT
|
Total Current Directors |
0 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company
Secretaries |
0 |
Current Directors
Current Company
Secretary
NEGATIVE INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
|
|
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
|
|
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
|
|
|
Total Number of Writs - |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ
Details
There are no possible CCJ details
Writ Details
There are no writ details
SHARE & SHARE CAPITAL
INFORMATION
Top 20
Shareholders
PAYMENT INFORMATION
Mortgage Summary
|
Outstanding |
1 |
|
Satisfied |
0 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure Summary
|
Company Name |
GODREJ INDUSTRIES LIMITED |
Company Number |
FC008981 |
|
Holding Company |
- |
Ownership Status |
|
|
Ultimate Holding Company |
- |
Companies in group |
- |
Group structure
No group structure
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/03/2002 |
£73,701,000 |
£5,846,000 |
£35,599,000 |
- |
|
31/03/2001 |
£134,273,000 |
£6,661,000 |
£50,597,000 |
- |
|
31/03/2000 |
£113,020,000 |
£9,689,000 |
£45,509,000 |
- |
Profit & Loss
|
31/03/02 |
(%) |
31/03/01 |
(%) |
31/03/00 |
(%) |
31/03/99 |
(%) |
31/03/98 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£73,701,000 |
-45.1% |
£134,273,000 |
18.8% |
£113,020,000 |
-16.3% |
£135,020,000 |
15.3% |
£117,132,000 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
£7,117,000 |
-11.8% |
£8,065,000 |
4.1% |
£7,747,000 |
15.7% |
£6,693,000 |
-0.6% |
£6,736,000 |
|
Directors Emoluments |
£3,000 |
- |
£3,000 |
200% |
£1,000 |
- |
- |
- |
- |
|
Operating Profit |
£8,108,000 |
-51.9% |
£16,873,000 |
3.1% |
£16,372,000 |
186.5% |
£5,714,000 |
-44.8% |
£10,356,000 |
|
Depreciation |
£3,101,000 |
-18.8% |
£3,819,000 |
13.5% |
£3,366,000 |
8.9% |
£3,091,000 |
2.8% |
£3,007,000 |
|
Audit Fees |
£73,000 |
1.4% |
£72,000 |
14.3% |
£63,000 |
133.3% |
£27,000 |
-3.6% |
£28,000 |
|
Interest Payments |
£4,631,000 |
-17.3% |
£5,599,000 |
-18.4% |
£6,862,000 |
-32.7% |
£10,194,000 |
1.4% |
£10,058,000 |
|
Pre Tax Profit |
£5,846,000 |
-12.2% |
£6,661,000 |
-31.3% |
£9,689,000 |
320.3% |
-£4,398,000 |
-399.4% |
£1,469,000 |
|
Taxation |
-£1,545,000 |
-192.6% |
-£528,000 |
42.7% |
-£921,000 |
- |
- |
100% |
-£168,000 |
|
Profit After Tax |
£4,301,000 |
-29.9% |
£6,133,000 |
-30.1% |
£8,768,000 |
299.4% |
-£4,398,000 |
-438% |
£1,301,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
-100% |
£113,000 |
-91.9% |
£1,399,000 |
|
Retained Profit |
£4,302,000 |
-29.9% |
£6,133,000 |
-30% |
£8,767,000 |
273.2% |
-£5,062,000 |
-551.2% |
£1,122,000 |
Balance Sheet
|
Date Of Accounts |
31/03/02 |
(%) |
31/03/01 |
(%) |
31/03/00 |
(%) |
31/03/99 |
(%) |
31/03/98 |
|
Tangible Assets |
£62,935,000 |
-18% |
£76,751,000 |
3% |
£74,549,000 |
-10% |
£82,861,000 |
-3.3% |
£85,646,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£62,936,000 |
-18% |
£76,751,000 |
3% |
£74,549,000 |
-10% |
£82,861,000 |
-3.3% |
£85,646,000 |
|
Stock |
£11,609,000 |
-33.1% |
£17,346,000 |
16.2% |
£14,925,000 |
-1.2% |
£15,105,000 |
-12.7% |
£17,304,000 |
|
Trade Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Cash |
£2,221,000 |
-35.1% |
£3,420,000 |
120.4% |
£1,552,000 |
-38.5% |
£2,523,000 |
-44.4% |
£4,541,000 |
|
Other Debtors |
£10,760,000 |
-15.1% |
£12,670,000 |
38.7% |
£9,136,000 |
-45.6% |
£16,809,000 |
78.6% |
£9,412,000 |
|
Miscellaneous Current Assets |
£8,795,000 |
-19.1% |
£10,869,000 |
-34% |
£16,466,000 |
5.7% |
£15,576,000 |
25.4% |
£12,421,000 |
|
Total Current Assets |
£33,385,000 |
-24.6% |
£44,305,000 |
5.3% |
£42,079,000 |
-15.9% |
£50,013,000 |
14.5% |
£43,678,000 |
|
Trade Creditors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
-100% |
£9,422,000 |
4.2% |
£9,041,000 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
-100% |
£11,476,000 |
-40.6% |
£19,335,000 |
|
Miscellaneous Current Liabilities |
£14,560,000 |
-43.2% |
£25,622,000 |
44.2% |
£17,765,000 |
-21.5% |
£22,632,000 |
88.9% |
£11,982,000 |
|
Total Current Liabilities |
£14,560,000 |
-43.2% |
£25,622,000 |
44.2% |
£17,766,000 |
-59.2% |
£43,530,000 |
7.9% |
£40,358,000 |
|
Bank Loans & Overdrafts and LTL |
£46,161,000 |
3% |
£44,838,000 |
-16% |
£53,353,000 |
-8.7% |
£58,451,000 |
12.5% |
£51,946,000 |
|
Other Long Term Finance |
£41,039,000 |
3.6% |
£39,600,000 |
-19.6% |
£49,245,000 |
4% |
£47,346,000 |
18.3% |
£40,017,000 |
|
Total Long Term Liabilities |
£46,161,000 |
3% |
£44,838,000 |
-16% |
£53,353,000 |
8.8% |
£49,029,000 |
14.3% |
£42,905,000 |
Capital &
Reserves
|
31/03/02 |
(%) |
31/03/01 |
(%) |
31/03/00 |
(%) |
31/03/99 |
(%) |
31/03/98 |
|
|
Called Up Share Capital |
£5,324,000 |
-41% |
£9,020,000 |
5% |
£8,594,000 |
-7.4% |
£9,277,000 |
-6.6% |
£9,935,000 |
|
P & L Account Reserve |
£13,293,000 |
30.6% |
£10,176,000 |
20.7% |
£8,429,000 |
137% |
£3,557,000 |
-54.2% |
£7,762,000 |
|
Revaluation Reserve |
£5,435,000 |
-10.2% |
£6,053,000 |
-1.1% |
£6,121,000 |
-14.1% |
£7,127,000 |
-8.3% |
£7,771,000 |
|
Sundry Reserves |
£11,547,000 |
-54.4% |
£25,348,000 |
13.3% |
£22,365,000 |
9.9% |
£20,354,000 |
-1.2% |
£20,592,000 |
|
Shareholder Funds |
£35,599,000 |
-29.6% |
£50,597,000 |
11.2% |
£45,509,000 |
12.9% |
£40,315,000 |
-12.5% |
£46,060,000 |
Other Financial Items
|
31/03/02 |
(%) |
31/03/01 |
(%) |
31/03/00 |
(%) |
31/03/99 |
(%) |
31/03/98 |
|
|
Net Worth |
£35,599,000 |
-29.6% |
£50,597,000 |
11.2% |
£45,509,000 |
12.9% |
£40,315,000 |
-12.5% |
£46,060,000 |
|
Working Capital |
£18,825,000 |
0.8% |
£18,683,000 |
-23.2% |
£24,313,000 |
275% |
£6,483,000 |
95.3% |
£3,320,000 |
|
Total Assets |
£96,321,000 |
-20.4% |
£121,056,000 |
3.8% |
£116,628,000 |
-12.2% |
£132,874,000 |
2.7% |
£129,324,000 |
|
Total Liabilities |
£60,721,000 |
-13.8% |
£70,460,000 |
-0.9% |
£71,119,000 |
-23.2% |
£92,559,000 |
11.2% |
£83,263,000 |
|
Net Assets |
£35,600,000 |
-29.6% |
£50,596,000 |
11.2% |
£45,509,000 |
12.9% |
£40,315,000 |
-12.5% |
£46,061,000 |
Cash Flow
|
31/03/02 |
(%) |
31/03/01 |
(%) |
31/03/00 |
(%) |
31/03/99 |
(%) |
31/03/98 |
|
|
Net Cashflow from Operations |
£9,566,000 |
-62.5% |
£25,515,000 |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
-£11,271,000 |
40.7% |
-£19,019,000 |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
-£11,324,000 |
45.6% |
-£20,810,000 |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
£53,000 |
-97% |
£1,791,000 |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
31/03/02 |
(%) |
31/03/01 |
(%) |
31/03/00 |
(%) |
31/03/99 |
(%) |
31/03/98 |
|
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£81,760,000 |
-14.3% |
£95,434,000 |
-3.5% |
£98,863,000 |
10.7% |
£89,344,000 |
0.4% |
£88,966,000 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Ratios
|
31/03/02 |
31/03/01 |
31/03/00 |
31/03/99 |
31/03/98 |
|
|
Pre-tax profit margin % |
7.93 |
4.96 |
8.57 |
-3.26 |
1.25 |
|
Current ratio |
2.29 |
1.73 |
2.37 |
1.15 |
1.08 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
129.70 |
88.60 |
117.20 |
145 |
112.80 |
|
Equity in % |
37 |
41.80 |
39 |
30.30 |
35.60 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
1.50 |
1.05 |
1.53 |
0.80 |
0.65 |
|
Return On Capital Employed % |
7.15 |
6.98 |
9.80 |
-4.92 |
1.65 |
|
Return On Total Assets Employed % |
6.07 |
5.50 |
8.31 |
-3.31 |
1.14 |
|
Current Debt Ratio |
0.41 |
0.51 |
0.39 |
1.08 |
0.88 |
|
Total Debt Ratio |
1.71 |
1.39 |
1.56 |
2.30 |
1.81 |
|
Stock Turnover Ratio % |
15.75 |
12.92 |
13.21 |
11.19 |
14.77 |
|
Return on Net Assets Employed % |
16.42 |
13.17 |
21.29 |
-10.91 |
3.19 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
|
Auditors |
|
|
Auditor Comments |
No Adverse Comments |
|
Bankers |
|
|
Bank Branch Code |
|
Status History
No Status History found
Event History
|
Date |
Description |
|
12/10/2006 |
Change in Reg.Office |
|
12/10/2006 |
Change of Company Postcode |
|
12/06/2004 |
Data Refresh |
Previous Company
Names
|
Date |
Previous Name |
|
01/02/1989 |
GODREJ SOAPS LIMITED |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.93 |
|
UK Pound |
1 |
Rs.76.52 |
|
Euro |
1 |
Rs.66.65 |
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.