MIRA INFORM REPORT

 

 

Report Date :           

12.10.2011

 

IDENTIFICATION DETAILS

 

Name :

OVIVO UK LTD.

 

 

Registered Office :

Brunel Way, Colchester, CO4 9QX

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

20.08.1909

 

 

Com. Reg. No.:

00104655

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

providers of industrial water and effluent treatment solutions worldwide

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

---

 

 

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

 

Company name & address 

 

Ovivo UK Ltd.

Brunel Way

Severalls Ind Pk

Colchester, CO4 9QX

United Kingdom

Tel:       01206756600

Fax:      01206756500

Web:     www.eimcowatertechnologies.com

 

 

synthesis

 

Employees:                  96

Company Type:            Private Subsidiary

Corporate Family:          16 Companies

Ultimate Parent:             GLV Inc.

Quoted Status:             Non-quoted Company

Incorporation Date:         20-Aug-1909

Auditor:                        KPMG LLP       

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               40.0  1

Net Income:                   (3.7)

Total Assets:                 42.5

 

 

Business Description     

 

Eimco Water Technologies Ltd. is one of the leading providers of industrial water and effluent treatment solutions worldwide. The organisation undertakes water purifying and recycling processes. It specialises in the design, development, operation and maintenance of solutions to treat municipal and industrial wastewater. The organisation serves clients in the power generation, desalination, petrochemical, oil and gas, and pulp and paper industries. It uses screening, clarification, biological treatment and membrane filtration processes. The organisation offers a range of aftermarket support, chemical handling, coagulation and flocculation solutions. It also provides plumbing, irrigation, and flow and flood control services. The organisation offers stormwater treatment and retention solutions.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

NACE 2002:      2924 - Manufacture of other general purpose machinery not elsewhere classified

NAICS 2002:     33399 - All Other General Purpose Machinery Manufacturing

UK SIC 2003:    2924 - Manufacture of other general purpose machinery not elsewhere classified

US SIC 1987:    3569 - General Industrial Machinery and Equipment, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Mark Hodder

General Manager

Jerry Thorne

Marketing Manager

Gwen Klees

Secretary

Richard Smith

IT Manager

Keith Ralph

Health & Safety Officer

 

 

Financial Summary

 

FYE: 31-Mar-2010

USD (mil)

Key Figures

 

Current Assets

21.84

Fixed Assets

20.70

Total Liabilities

17.97

Net Worth

19.27

 

Key Ratios

 

Current Ratio

1.22

Acid Test

1.14

 

Registered No.(UK): 00104655

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6277937

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6592392

 

 

Corporate Overview

 

Location

Brunel Way

Severalls Ind Pk

Colchester, CO4 9QX

Essex County

United Kingdom

Tel:       01206756600

Fax:      01206756500

Web     : www.eimcowatertechnologies.com

           


 

Sales GBP(mil)  :           25.1

Assets GBP(mil):           28.0

Employees:                   96

Fiscal Year End:            31-Mar-2010

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

Brunel Way

Colchester, CO4 9QX

United Kingdom

 

Incorporation Date:         20-Aug-1909

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       00104655

Director:                        Christopher Reynolds

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

2924     -          Manufacture of other general purpose machinery not elsewhere classified

 

NAICS 2002 Codes:

33399   -          All Other General Purpose Machinery Manufacturing

 

US SIC 1987:

3569     -          General Industrial Machinery and Equipment, Not Elsewhere Classified

 

UK SIC 2003:

2924     -          Manufacture of other general purpose machinery not elsewhere classified

 

Business Description

Eimco Water Technologies Ltd. is one of the leading providers of industrial water and effluent treatment solutions worldwide. The organisation undertakes water purifying and recycling processes. It specialises in the design, development, operation and maintenance of solutions to treat municipal and industrial wastewater. The organisation serves clients in the power generation, desalination, petrochemical, oil and gas, and pulp and paper industries. It uses screening, clarification, biological treatment and membrane filtration processes. The organisation offers a range of aftermarket support, chemical handling, coagulation and flocculation solutions. It also provides plumbing, irrigation, and flow and flood control services. The organisation offers stormwater treatment and retention solutions.

 

More Business Descriptions

·         Eimco Water Technologies Ltd. is engaged in the development and worldwide marketing of equipment used for treating water destined for household consumption and various industrial processes, as well as for treating municipal and industrial wastewater. The company offers a range of technologies that maximise water treatment efficiency. It is one of the leading firms in the field of environmental engineering. Eimco Water Technologies designs and builds equipment needed to soften raw water for household consumption and industrial process use, and to remove solids, colour, odour, dissolved chemicals and minerals, microbes and other pathogens. Its selection includes a variety of sedimentation, clarification and filtration equipment. (Updated by OneSource Information Services)

·         Water Treatment Services

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

25.1

Net Income:

-2.3

Assets:

28.0

Current Assets:

14.4

 

Fixed Assets:

13.6

 

Long Term Debt:

0.0

 

Total Liabilities:

11.8

 

Issued Capital:

1.9

 

Working Capital:

2.6

 

Net Worth:

12.7

 

 

 

Date of Financial Data:

31-Mar-2010

 

1 Year Growth

-15.4%

NA

NA

 

Key Corporate Relationships

Auditor:

KPMG LLP

Bank:

Hsbc Bank PLC

 

Auditor:

KPMG LLP

 

Auditor History

KPMG LLP

31-Mar-2010

KPMG LLP

31-Mar-2009

KPMG LLP

31-Mar-2008

KPMG LLP

31-Mar-2007

KPMG LLP

31-Mar-2006

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

03-31-2010

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

GLV Inc.
Ovivo UK Ltd.

Total Corporate Family Members: 16 
Excluded Small Branches and/or Trading Addresses: 1 (Available via export) 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

GLV Inc.

Parent

Montreal, QC

Canada

Miscellaneous Capital Goods

656.6

2,300

 

Ovivo

Subsidiary

Mondsee

Austria

Miscellaneous Capital Goods

449.1

2,350

 

GL&V Manufacturing

Subsidiary

Trois-Rivieres, QC

Canada

Waste Management Services

43.9

200

 

FLSmidth

Subsidiary

FairField , VIC

Australia

Miscellaneous Fabricated Products

12.5

150

 

Enviroquip

Subsidiary

Austin, TX

United States

Business Services

13.0

100

 

Ovivo UK Ltd.

Subsidiary

Colchester

United Kingdom

Miscellaneous Capital Goods

40.0

96

 

Eimco Water Technologies (Municipal) Ltd.

Subsidiary

West Bromwich

United Kingdom

Construction Services

16.2

117

 

Copa Cornwall Ltd.

Subsidiary

West Bromwich

United Kingdom

Construction Services

 

80

 

Eimco Water Technologies (Ireland) Ltd.

Subsidiary

Newry

United Kingdom

Construction Services

12.1

15

 

GL&V Canada Inc

Branch

Trois-Rivieres, QC

Canada

Miscellaneous Capital Goods

24.9

70

 

GL & V South Africa (Pty.) Limited

Subsidiary

Sandton

South Africa

Miscellaneous Capital Goods

 

60

 

GL&V India Pvt. Ltd.

Subsidiary

Pune

India

Paper and Paper Products

1.0

10

 

Beijing GL&V Process Equipment

Subsidiary

Beijing

China

Public Sector and Government

 

10

 

GL & V Saint Petersburg

Subsidiary

Saint Petersburg

Russian Federation

Miscellaneous Capital Goods

 

4

 

Eimco Water Technologies LLC

Subsidiary

Montreal, QC

Canada

Public Sector and Government

 

3

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Brunel Way
Colchester
United Kingdom CO4 9QX

Tel: 01206756600
Fax: 01206756500
URL:www.eimcowatertechnologies.com

Annual Return Date: 20 Mar 2011
Total Issued Capital (GBP 000):1,902

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Gwen 
Klees

Current

26 Dec 1962

2011 Avenue Mcgill College, Bureau 2100, 
Montreal, Quebec H3A 1G1

15 Nov 2010

NA

Current:3
Previous:0
Disqualifications:0

 

Kevin Robert 
White

Current

06 Apr 1966

35 Benett Drive, 
Hove, East Sussex BN3 6US

15 Nov 2010

NA

Current:3
Previous:17
Disqualifications:0

 

Christopher 
Reynolds

Current

18 Jan 1961

Coach House, Hambridge Lane, 
Lechlade, Gloucestershire GL7 3B

27 Apr 2009

NA

Current:5
Previous:2
Disqualifications:0

 

Pierre Andre Charles 
Bourge

Previous

22 May 1944

Moosalbstrasse 1, 
Karlsruhe 76199

01 Jan 2000

07 Dec 2000

Current:0
Previous:1
Disqualifications:0

 

Brian Lawrence 
Smith

Previous

10 Dec 1941

5 Kayla Court, Burlington Road, 
Colchester, Essex CO3 3AJ

11 Apr 1992

06 Apr 2001

Current:0
Previous:3
Disqualifications:0

 

David Brian 
Woodruff

Previous

19 Jul 1956

48 Limpton Gate, 
Yarm, Cleveland TS15 9JA

07 Nov 2005

10 Aug 2007

Current:3
Previous:2
Disqualifications:0

 

Peter Frederick 
Rowles

Previous

13 Nov 1948

Lindisfarne, Monks Lane Dedham, 
Colchester, Essex CO7 6DP

01 Dec 1997

07 Nov 2005

Current:0
Previous:1
Disqualifications:0

 

Georges 
Mathonet

Previous

27 Jan 1940

9 Av Des Ericas, 
Rhode St Genese, Brabant B1640

06 Jan 2003

30 Mar 2005

Current:0
Previous:1
Disqualifications:0

 

Etienne Emile Madeleine Ghislain 
Oleffe

Previous

27 Aug 1945

16 Avenue Reine Fabiola, 
Ottignies, B 1340

09 May 2005

07 Nov 2005

Current:0
Previous:8
Disqualifications:0

 

Nigel Johnston 
Lomax

Previous

08 Feb 1960

Sunnyview, Kettlemore Lane, 
Shifnal, Shropshire TF11 8RG

19 Feb 2003

25 Apr 2003

Current:2
Previous:25
Disqualifications:0

 

Nicholas Humbert 
Celier

Previous

31 Aug 1943

37 Rue De L'vniversite, 
Paris

07 Dec 2000

06 Jan 2003

Current:0
Previous:1
Disqualifications:0

 

Colin John 
Mckelvie

Previous

04 Apr 1954

11 Falconwood, 
Leatherhead, Surrey KT24 5EG

18 Dec 2007

26 Feb 2008

Current:5
Previous:10
Disqualifications:0

 

Frederick James 
Bryan

Previous

20 Feb 1951

7 Lexden Place, Halstead Road, 
Colchester, Essex CO3 5FD

11 Apr 1992

07 Nov 2005

Current:0
Previous:6
Disqualifications:0

 

Peter Ross 
Blake

Previous

30 Nov 1937

Chimes, Lodge Lane Langham, 
Colchester, Essex CO4 5NA

11 Apr 1992

28 Nov 1997

Current:0
Previous:2
Disqualifications:0

 

Andrew Mark 
Callaghan

Previous

21 May 1962

19 Common Lane,
Kenilworth, Warwickshire CV8 2ER

01 Feb 2007

22 Jun 2007

Current:0
Previous:3
Disqualifications:0

 

Jacques Andre Henri
Reymann

Previous

30 Sep 1937

144 Rue Du Montenegro, 
1060 Brussels

11 Apr 1992

07 Dec 2000

Current:0
Previous:6
Disqualifications:0

 

Graham Becket 
Jones

Previous

20 Feb 1943

Hill House 1 Broomhills Road, West Mersea, 
Colchester, Essex CO5 8AP

11 Apr 1992

19 Feb 2003

Current:1
Previous:8
Disqualifications:0

 

Lee Craige 
Horrocks

Previous

12 Aug 1961

Brunel Way, Colchester, 
Colchester, Essex CO4 9QX

15 Nov 2010

07 Feb 2011

Current:2
Previous:2
Disqualifications:0

 

Nigel Edward 
Wilson

Previous

03 Sep 1966

58/62 Scrutton Street, 
London , London EC2A 4PH

18 Jun 2007

15 Nov 2010

Current:3
Previous:7
Disqualifications:0

 

Mark Thomas 
Hodder

Previous

19 Mar 1962

Kennicott House Well Lane, Wednesfield, 
Wolverhampton, West Midlands WV11 1XR

18 Jun 2007

15 Nov 2010

Current:0
Previous:3
Disqualifications:0

 

James 
Mclaughlan

Previous

13 Apr 1950

12 Heath Close, Horndean, 
Waterlooville, Hampshire P08 9PS

09 May 2005

07 Nov 2005

Current:1
Previous:7
Disqualifications:0

 

Graham Stuart 
Lawes

Previous

25 Mar 1959

Laurel View 149A The Street, Rushmere St Andrew, 
Ipswich, Suffolk IP5 1DG

18 Nov 2005

13 Dec 2007

Current:0
Previous:5
Disqualifications:0

 

Frederic 
Dardenne

Previous

02 Jul 1968

93 Avenue De Boetendael, 
Brussels

09 May 2005

07 Nov 2005

Current:0
Previous:1
Disqualifications:0

 

Mark Thomas 
Hodder

Previous

19 Mar 1962

107 Cleveland Avenue, 
Kettering, Northamptonshire NN16 9JJ

07 Nov 2005

29 Nov 2006

Current:0
Previous:2
Disqualifications:0

 

Richard 
Verreault

Previous

30 Apr 1963

15 Cherry Lane, 
Bedford, New Hampshire 03110

18 Nov 2005

27 Apr 2009

Current:2
Previous:2
Disqualifications:0

 

Stuart Alan 
Heley

Previous

18 Jun 1950

1 Windsor Court, Station Road Mickleover, 
Derby, Derbyshire DE3 0FA

07 Nov 2005

18 Nov 2005

Current:2
Previous:2
Disqualifications:0

 

Philippe 
Casier

Previous

23 Jun 1944

Rue Major Petillon 20, 
Brussels

01 Oct 2003

07 Nov 2005

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Gwen 
Klees

Current

26 Dec 1962

1111 Chemin Des Patriotes, 
Saint Denis Sur Richelieu, Quebec Joh 1Ko

24 May 2006

NA

Current:2
Previous:1
Disqualifications:0

 

Nigel Johnston 
Lomax

Previous

08 Feb 1960

Sunnyview, Kettlemore Lane, 
Shifnal, Shropshire TF11 8RG

19 Feb 2003

25 Apr 2003

Current:2
Previous:25
Disqualifications:0

 

Frederick James 
Bryan

Previous

20 Feb 1951

7 Lexden Place, Halstead Road, 
Colchester, Essex CO3 5FD

25 Apr 2003

01 Oct 2003

Current:0
Previous:6
Disqualifications:0

 

Stephen John 
Hall

Previous

03 Feb 1946

156 Southend Road, 
Stanford-Le-Hope, Essex SS17 7AL

01 Oct 2003

07 Nov 2005

Current:0
Previous:5
Disqualifications:0

 

Graham Becket 
Jones

Previous

20 Feb 1943

Hill House 1 Broomhills Road, West Mersea, 
Colchester, Essex CO5 8AP

11 Apr 1992

19 Feb 2003

Current:1
Previous:8
Disqualifications:0

 

Mark Thomas 
Hodder

Previous

19 Mar 1962

Kennicott House Well Lane, Wednesfield, 
Wolverhampton, West Midlands WV11 1XR

18 Nov 2005

15 Nov 2010

Current:0
Previous:3
Disqualifications:0

 

Stuart Alan 
Heley

Previous

18 Jun 1950

1 Windsor Court, Station Road Mickleover, 
Derby, Derbyshire DE3 0FA

07 Nov 2005

18 Nov 2005

Current:2
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

GL&V Canada Inc

7608000 Ordinary GBP 0.25

Ordinary

7,608,000

0.25

1,902,000.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)          

Except for share items (millions) and per share items (actual units)   

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

65 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.627794

0.592803

0.498361

0.528925

0.560422

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Turnover

40.0

50.1

77.1

65.1

29.8

Cost of Sales

34.4

36.9

58.5

50.0

26.9

Gross Profit

5.6

13.2

18.6

15.1

2.9

Depreciation

0.7

0.7

0.6

0.6

0.7

Other Expenses

8.4

7.0

16.3

13.1

10.0

Other Income

0.1

0.1

0.3

1.5

0.4

Interest Paid

0.9

2.5

2.5

1.1

0.3

Exceptional Income

0.1

0.0

0.0

0.0

0.0

Discontinued Operations

0.0

0.5

1.9

0.0

0.0

Profit Before Taxes

-3.5

3.8

0.1

2.5

-7.1

Tax Payable / Credit

0.2

1.0

0.2

0.8

-1.8

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

-3.7

2.8

0.0

1.7

-5.4

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.1

0.1

0.1

0.1

0.0

Non Audit Fees

0.0

0.0

-

-

0.0

Number of Employees

96

123

166

170

152

Wages

5.6

6.7

11.6

9.9

10.8

Social Security Costs

0.6

0.6

0.8

0.9

0.9

Pensions

0.0

0.0

0.0

0.0

0.3

Other Pension Costs

0.9

0.6

0.9

0.8

2.2

Employees Remuneration

7.0

7.9

13.3

11.5

13.8

Directors Emoluments

0.3

0.3

0.6

0.5

0.4

Other Costs

0.0

0.0

0.4

0.0

0.0

Directors Remuneration

0.3

0.3

1.0

0.5

0.7

Highest Paid Director

0.2

0.2

0.5

0.3

0.4

 

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.659239

0.697666

0.503145

0.509853

0.576518

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

3.0

3.0

5.4

5.5

5.1

Fixtures & Fittings

1.0

1.1

0.8

0.4

0.2

Plant & Vehicles

0.0

0.1

0.2

0.3

0.4

Total Tangible Fixed Assets

4.0

4.2

6.4

6.2

5.7

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

16.7

15.8

21.9

14.5

0.6

Total Fixed Assets

20.7

20.0

28.3

20.7

6.3

Stocks

1.0

0.8

1.5

1.5

0.4

Work in Progress

0.3

0.3

5.7

5.8

1.4

Total Stocks Work In Progress

1.4

1.1

7.1

7.3

1.9

Trade Debtors

7.5

15.4

17.2

16.1

8.4

Inter-Company Debtors

0.2

5.1

3.1

1.4

1.8

Other Debtors

12.1

9.5

27.6

31.4

9.1

Total Debtors

19.8

30.0

47.9

49.0

19.3

Cash and Equivalents

0.7

0.4

1.1

1.2

0.6

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

21.8

31.5

56.1

57.5

21.8

Total Assets

42.5

51.5

84.4

78.2

28.1

Trade Creditors

6.4

3.8

9.4

12.8

4.4

Bank Overdraft

-

0.0

0.0

3.1

0.0

Inter-Company Creditors

5.8

16.7

26.7

37.1

9.4

Accruals/Deferred Income (Current Liability)

5.2

3.1

12.2

10.4

7.6

Social Security/VAT

0.4

0.8

0.8

0.3

0.4

Other Current Liabilities

0.1

0.1

4.2

4.9

0.2

Total Current Liabilities

18.0

24.4

53.3

68.7

21.9

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

0.0

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

4.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

4.0

0.0

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

5.3

3.5

5.9

2.0

4.4

Total Provisions

5.3

3.5

5.9

2.0

4.4

Issued Capital

2.9

2.7

3.7

3.2

2.8

Share Premium Accounts

18.7

17.7

21.4

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

-2.4

3.2

0.0

0.2

-1.1

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

19.3

23.6

25.2

3.5

1.8

Net Worth

19.3

23.6

25.2

3.5

1.8

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

65 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.627794

0.592803

0.498361

0.528925

0.560422

Consolidated

No

No

No

No

No

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

65 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.659239

0.697666

0.503145

0.509853

0.576518

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.22

1.29

1.05

0.84

0.99

Liquidity Ratio

1.14

1.25

0.92

0.73

0.91

Stock Turnover

28.12

38.88

10.68

9.20

12.41

Credit Period (Days)

71.98

132.04

82.18

86.92

132.96

Working Capital by Sales

10.17%

16.73%

3.68%

-16.60%

-0.63%

Trade Credit by Debtors

0.86

0.24

0.55

0.80

0.52

Return on Capital

-13.73%

11.79%

0.46%

26.89%

-90.44%

Return on Assets

-7.93%

6.21%

0.17%

3.26%

-19.76%

Profit Margin

-8.86%

7.52%

0.19%

3.77%

-23.93%

Return on Shareholders Funds

-17.51%

13.55%

0.57%

73.12%

-313.58%

Borrowing Ratio

30.01%

70.66%

105.97%

1,155.19%

529.71%

Equity Gearing

45.29%

45.83%

29.84%

4.46%

6.30%

Interest Coverage

-4.01

1.49

0.06

2.24

-21.46

Sales by Tangible Assets

9.50

10.05

11.92

10.84

4.08

Average Remuneration per Employee

0.1

0.1

0.1

0.1

0.1

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.4

0.3

0.5

0.4

0.2

Capital Employed per Employee

0.3

0.2

0.2

0.1

0.0

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.4

0.4

0.5

0.5

0.2

Employee Remuneration by Sales

17.47%

15.85%

17.31%

17.72%

46.44%

Creditor Days (Cost of Sales Based)

71.69

43.79

59.36

90.42

76.39

Creditor Days (Sales Based)

61.68

32.23

45.04

69.42

69.01

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.03

UK Pound

1

Rs.76.60

Euro

1

Rs.66.80

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.