MIRA INFORM REPORT
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Report Date : |
13.10.2011 |
IDENTIFICATION DETAILS
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Name : |
PFE EXPRESS LTD. |
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Registered Office : |
Foremost House, Waterside Business Park, Eastways Witham, Witham, CM8 3PL |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
05.04.1983 |
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Com. Reg. No.: |
01712129 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
providers of freight forwarding 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
Pfe Express Ltd.
Unit 8
Caldey Road
Roundthorn Ind Est
Manchester, M23 9LF
United Kingdom
Tel: 08707771400
Fax: 08707771401
Web: www.pfeweb.com
Synthesis
Employees: 90
Company Type: Private Parent
Corporate Family: 2
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
05-Apr-1983
Auditor: Errington Langer Pinner
Financials in: USD
(Millions)
Fiscal Year End:
30-Jun-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 79.7
1
Net Income: 0.8
Total Assets: 33.1
Business Description
Pfe Express Ltd.
is one of the leading providers of freight forwarding services in the world.
The company specialises in sea and air transportation solutions. It operates a
state-of-the-art, custom-built distribution centre. The company has a team of
professionals that offers shipment loading, customs clearance, bonded
warehousing and storage services. It uses an online order and shipment tracking
system. The company maintains a operations, import, accounts and export
departments. It provides quotation forms and detailed information on sailing
schedules. The company offers direct consolidation solutions on a weekly basis.
It provides shipment handling services.
Industry
Industry Personal Services
ANZSIC 2006: 7220 - Travel
Agency and Tour Arrangement Services
NACE 2002: 6340 - Activities
of other transport agencies
NAICS 2002: 4889 - Other
Support Activities for Transportation
UK SIC 2003: 6340 - Activities
of other transport agencies
US SIC 1987: 4729 - Arrangement
of Passenger Transportation, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Doreen Toms |
Secretary |
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Paul Fletcher |
IT Manager |
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Andrew Harris |
Systems Support |
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Veronica Girling |
Human Resources Manager |
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Adam Julian Collins |
Director |
Financial summary
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FYE: 30-Jun-2010 |
USD (mil) |
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Registered No.(UK): 01712129
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6336074
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6684045
Corporate Overview
Location
Unit 8
Caldey Road
Roundthorn Ind Est
Manchester, M23 9LF
Greater Manchester County
United Kingdom
Tel: 08707771400
Fax: 08707771401
Web: www.pfeweb.com
Sales GBP(mil): 50.5
Assets GBP(mil): 22.1
Employees: 90
Fiscal Year End: 30-Jun-2010
Industry: Personal
Services
Registered
Address:
Foremost House
Waterside Business Park
Eastways Witham
Witham, CM8 3PL
United Kingdom
Incorporation Date: 05-Apr-1983
Company Type: Private
Parent
Quoted Status: Not
Quoted
Registered No.(UK): 01712129
Director: Marion
Collins
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
7220 - Travel Agency and Tour Arrangement Services
NACE 2002 Codes:
6340 - Activities of other transport agencies
NAICS 2002 Codes:
4889 - Other Support Activities for Transportation
US SIC 1987:
4729 - Arrangement of Passenger Transportation, Not Elsewhere
Classified
UK SIC 2003:
6340 - Activities of other transport agencies
Business
Description
Pfe Express Ltd. is
one of the leading providers of freight forwarding services in the world. The
company specialises in sea and air transportation solutions. It operates a
state-of-the-art, custom-built distribution centre. The company has a team of
professionals that offers shipment loading, customs clearance, bonded
warehousing and storage services. It uses an online order and shipment tracking
system. The company maintains a operations, import, accounts and export
departments. It provides quotation forms and detailed information on sailing
schedules. The company offers direct consolidation solutions on a weekly basis.
It provides shipment handling services.
More Business
Descriptions
Pfe Express Ltd.
is a privately-owned international freight forwarding company offering
logistics and supply chain management solutions. It provides road haulage,
freight forwarding, and logistics services, including courier, hand-carry and
service air charters. It offers a full-range of airfreight support services
that include export packing, dangerous goods handling, shipments against letter
of credit, project and out of gauge shipments, walk on board couriers and
shipment under specific customs control. The company also provides warehousing
and distribution services, as well as vendor management and inspection services
to its clients. (Updated by OneSource Information Services)
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 2 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Manchester |
United Kingdom |
Personal Services |
79.7 |
90 |
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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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Secretary |
Company Secretary |
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Human Resources Manager |
Human Resources Executive |
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IT Manager |
Information Executive |
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Systems Support |
Information Executive |
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Air Freight Manager |
Other |
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Directors and Shareholders Report
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Main Office Address: |
Tel: 08707771400 |
Annual Return Date: 23 May 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 |
15 Nov 1961 |
Highfields Inglefield Road, Fobbing, |
01 Nov 1999 |
NA |
Current:1 |
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Current |
12 Feb 1943 |
21 Nicola Close, Weir, |
23 May 1991 |
NA |
Current:2 |
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Current |
26 Oct 1933 |
63 Royston Park Road, Hatch End, |
23 May 1991 |
NA |
Current:2 |
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Current |
05 May 1935 |
63 Royston Park Road, Hatch End, |
23 May 1991 |
NA |
Current:1 |
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Current |
28 Jun 1967 |
Contino Whisper Wood, Loudwater, |
23 May 1991 |
NA |
Current:2 |
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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 |
12 Feb 1943 |
21 Nicola Close, Weir, |
23 May 1991 |
NA |
Current:2 |
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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 |
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Adam Collins |
9100 Ordinary GBP 1.00 |
Ordinary |
9,100 |
1.00 |
9,100.00 |
91.00 |
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Lauren Collins |
900 Ordinary GBP 1.00 |
Ordinary |
900 |
1.00 |
900.00 |
9.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.633607 |
0.627423 |
0.499214 |
0.517836 |
0.562718 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
79.7 |
53.4 |
94.2 |
70.6 |
51.7 |
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Turnover (Exports) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Turnover |
79.7 |
53.4 |
94.2 |
70.6 |
51.7 |
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Cost of Sales |
65.9 |
41.1 |
77.2 |
55.6 |
39.8 |
|
Gross Profit |
13.8 |
12.3 |
16.9 |
14.9 |
11.9 |
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Depreciation |
0.3 |
0.3 |
0.4 |
0.3 |
0.3 |
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Other Expenses |
11.0 |
12.0 |
16.3 |
14.5 |
11.6 |
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Operating Profit |
- |
- |
0.6 |
0.4 |
0.3 |
|
Other Income |
0.0 |
0.2 |
0.3 |
0.3 |
0.3 |
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Interest Paid |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
2.8 |
0.5 |
0.9 |
0.6 |
0.5 |
|
Tax Payable / Credit |
0.9 |
0.1 |
0.3 |
0.1 |
0.1 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
1.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
0.8 |
0.4 |
0.5 |
0.5 |
0.4 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Non Audit Fees |
- |
0.0 |
0.1 |
0.0 |
0.0 |
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Number of Employees |
90 |
86 |
90 |
80 |
75 |
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Wages |
6.8 |
8.0 |
10.7 |
9.0 |
8.1 |
|
Social Security Costs |
0.8 |
0.9 |
1.3 |
1.6 |
1.0 |
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Pensions |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
|
Other Pension Costs |
0.4 |
0.4 |
0.4 |
0.4 |
0.3 |
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Employees Remuneration |
7.9 |
9.3 |
12.3 |
11.0 |
9.3 |
|
Directors Emoluments |
3.4 |
4.2 |
6.1 |
5.0 |
4.9 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Directors Remuneration |
3.8 |
4.6 |
6.6 |
5.4 |
5.1 |
|
Highest Paid Director |
1.3 |
2.3 |
3.2 |
2.9 |
2.5 |
Annual Balance
Sheet
Financials in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.668405 |
0.60722 |
0.502475 |
0.498418 |
0.540672 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
3.6 |
4.0 |
5.0 |
5.1 |
4.8 |
|
Fixtures & Fittings |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Plant & Vehicles |
0.4 |
0.4 |
0.6 |
0.5 |
0.5 |
|
Total Tangible Fixed Assets |
4.2 |
4.6 |
5.8 |
5.9 |
5.6 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
4.2 |
4.6 |
5.8 |
5.9 |
5.6 |
|
Stocks |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Trade Debtors |
21.9 |
10.3 |
20.6 |
19.6 |
11.9 |
|
Other Debtors |
1.3 |
0.2 |
0.3 |
0.2 |
0.2 |
|
Total Debtors |
23.2 |
10.4 |
20.9 |
19.8 |
12.1 |
|
Cash and Equivalents |
5.3 |
5.5 |
9.1 |
4.4 |
6.7 |
|
Other Current Assets |
0.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
28.9 |
16.0 |
30.0 |
24.2 |
18.8 |
|
Total Assets |
33.1 |
20.6 |
35.9 |
30.1 |
24.4 |
|
Trade Creditors |
22.1 |
8.9 |
20.6 |
15.1 |
11.3 |
|
Director Loans (Current Liability) |
1.8 |
0.0 |
0.8 |
1.3 |
1.1 |
|
Accruals/Deferred Income (Current Liability) |
0.1 |
3.3 |
4.7 |
4.7 |
4.0 |
|
Social Security/VAT |
0.3 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Corporation Tax |
0.8 |
0.1 |
0.3 |
0.1 |
0.1 |
|
Dividends (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Other Current Liabilities |
0.3 |
0.1 |
0.2 |
0.3 |
0.4 |
|
Total Current Liabilities |
25.3 |
12.8 |
27.0 |
21.6 |
17.1 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
7.8 |
7.8 |
8.9 |
8.4 |
7.3 |
|
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 |
7.8 |
7.8 |
8.9 |
8.5 |
7.3 |
|
Net Worth |
7.8 |
7.8 |
8.9 |
8.5 |
7.3 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.633607 |
0.627423 |
0.499214 |
0.517836 |
0.562718 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
2.3 |
-1.9 |
5.1 |
-2.5 |
2.7 |
|
Net Cash Flow from ROI and Servicing of Finance |
0.0 |
0.2 |
0.2 |
0.1 |
0.2 |
|
Taxation |
-0.1 |
-0.2 |
-0.1 |
-0.1 |
-0.8 |
|
Capital Expenditures |
-0.3 |
-0.1 |
-0.4 |
-0.2 |
-0.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-1.2 |
0.0 |
0.0 |
0.0 |
-1.2 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-0.5 |
0.0 |
0.0 |
-0.2 |
-0.2 |
|
Increase in Cash |
0.2 |
-2.0 |
4.8 |
-2.8 |
0.6 |
Annual Ratios
Financials in: USD (mil)
|
|
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
30-Jun-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.668405 |
0.60722 |
0.502475 |
0.498418 |
0.540672 |
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Consolidated |
No |
No |
No |
No |
No |
|
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Current Ratio |
1.14 |
1.25 |
1.11 |
1.12 |
1.10 |
|
Liquidity Ratio |
1.14 |
1.25 |
1.11 |
1.12 |
1.10 |
|
Credit Period (Days) |
105.59 |
67.93 |
80.23 |
97.73 |
81.05 |
|
Working Capital by Sales |
4.77% |
5.78% |
3.30% |
3.48% |
3.26% |
|
Trade Credit by Debtors |
1.01 |
0.87 |
1.00 |
0.77 |
0.95 |
|
Return on Capital |
33.77% |
6.36% |
9.57% |
6.91% |
7.03% |
|
Return on Assets |
7.97% |
2.41% |
2.38% |
1.94% |
2.11% |
|
Profit Margin |
3.49% |
0.90% |
0.91% |
0.80% |
0.96% |
|
Return on Shareholders Funds |
33.77% |
6.36% |
9.57% |
6.91% |
7.03% |
|
Borrowing Ratio |
22.75% |
0.43% |
9.02% |
15.44% |
15.04% |
|
Equity Gearing |
23.59% |
37.92% |
24.85% |
28.10% |
30.06% |
|
Interest Coverage |
121.20 |
16.06 |
6.66 |
4.05 |
5.11 |
|
Sales by Tangible Assets |
17.94 |
11.95 |
16.07 |
12.41 |
9.61 |
|
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 |
0.8 |
0.6 |
1.0 |
0.9 |
0.7 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.4 |
0.2 |
0.4 |
0.4 |
0.3 |
|
Employee Remuneration by Sales |
9.96% |
17.32% |
13.11% |
15.56% |
17.96% |
|
Creditor Days (Cost of Sales Based) |
129.08 |
76.51 |
98.07 |
95.09 |
99.74 |
|
Creditor Days (Sales Based) |
106.72 |
58.88 |
80.43 |
74.98 |
76.78 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.24 |
|
UK Pound |
1 |
Rs.76.80 |
|
Euro |
1 |
Rs.67.17 |
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.