MIRA INFORM REPORT

 

 

Report Date :

03.09.2011

 

IDENTIFICATION DETAILS

 

Name :

PACIFIC DIRECT LTD

 

 

Registered Office :

Princeton Court, The Pilgrim Centre, Brickhill Drive, Bedford, MK41 7PZ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

06.09.1993

 

 

Com. Reg. No.:

02850917

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacturer and wholesaler of toiletries and guest amenities products for various industries, such as hospitality, airline, cruise line and retail markets, as well as houseline collections.

 

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 :

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

 

Company name and address

 

Pacific Direct Ltd.

 

 

Princeton Court, The Pilgrim Centre, Brickhill Drive, Bedford, MK41 7PZ, United Kingdom

 

Tel:  01234347140

Fax: 01234346480

 www.pacificdirect.co.uk

 

Employees:                   307

Company Type:             Private Subsidiary

Corporate Family:          3 Companies

Ultimate Parent:             Pacific Direct Holdings Ltd.

Quoted Status:              Non-quoted Company

Incorporation Date:         06-Sep-1993

Auditor:                         Bdo LLP

Financials in:                 USD (Mil.)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       British Pound Sterling

Annual Sales:                33.1  1

Net Income:                   2.0

Total Assets:                 20.2

 

 

Business Description

 

 

Pacific Direct Ltd. is a manufacturer and wholesaler of toiletries and guest amenities products for various industries, such as hospitality, airline, cruise line and retail markets, as well as houseline collections. It offers a rage of products, such as equilibrium balance, beauty range from Dead Sea minerals, face and body cosmetics, creams for hair and body, cosmetics with various scent, sun lotions, oils and sun care products. The company also offers customised manufacturing facility for supermarket chains, drugstores and luxury boutique chain stores. The company distributes its products to retail customers for export and United Kingdom retail markets. It additionally offers in-house laboratory facility for formulations and testing, as well as products in a wide range of designs, styles and sizes.

 

 

Industry

 

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:

5190 - Other wholesale

NAICS 2002:

423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:

5190 - Other wholesale

US SIC 1987:

5099 - Durable Goods, Not Elsewhere Classified

 

 

 

Key Executives

 

 

Name

Title

Stephen John Hicks

Director-Finance

Linda Wilding

Chairman

Lara Morgan

Director

George Mcbean Allan

Director

Paul Andrew Cox

Director

 

 

News

 

 

Title

Date

Self-made millionaire to share her experience
Belfast Telegraph (Northern Ireland) (218 Words)

4-Aug-2011

Samuel faces DFO questions
Australian (Abstracts) (87 Words)

20-Oct-2010

PIL expands, acquires stake in NZ-based PDL
Shipping Times (225 Words)

10-Aug-2006

Ford sets up grant scheme for green activities
The Business Times (326 Words)

18-Jul-2001

 

 

Financial Summary

 

 

FYE: 31-Dec-2010

USD (mil)

Key Figures

 

Current Assets

14.61

Fixed Assets

5.62

Total Liabilities

8.91

Net Worth

9.17

 

Key Ratios

 

Current Ratio

1.64

Acid Test

1.02

Debt Gearing

10.50

 

 

Registered No.(UK)

 

02850917

 

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
Princeton Court
The Pilgrim Centre
Brickhill Drive
Bedford, MK41 7PZ
Bedfordshire County
United Kingdom

 

Tel: 01234347140

Fax:      01234346480

 

www.pacificdirect.co.uk

Sales GBP(mil):

21.5

Assets GBP(mil):

12.9

Employees:

307

Fiscal Year End:

31-Dec-2010

 

Industry:

Miscellaneous Capital Goods

Registered Address:
Suite 4, Princeton Court, Pilgrim Centre Brickhill, Bedford, MK41 7PZ, United Kingdom

 

Incorporation Date:

06-Sep-1993

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

02850917

 

Director:

George Mcbean Allan

 

 

Contents

 

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3739 -   Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190 -   Other wholesale

 

NAICS 2002 Codes:

423990  -   Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099 -   Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190 -   Other wholesale

 

 

Business Description

 

Pacific Direct Ltd. is a manufacturer and wholesaler of toiletries and guest amenities products for various industries, such as hospitality, airline, cruise line and retail markets, as well as houseline collections. It offers a rage of products, such as equilibrium balance, beauty range from Dead Sea minerals, face and body cosmetics, creams for hair and body, cosmetics with various scent, sun lotions, oils and sun care products. The company also offers customised manufacturing facility for supermarket chains, drugstores and luxury boutique chain stores. The company distributes its products to retail customers for export and United Kingdom retail markets. It additionally offers in-house laboratory facility for formulations and testing, as well as products in a wide range of designs, styles and sizes.

 

 

More Business Descriptions

 

Towel Supplies

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Revenue:

21.5

Net Income:

1.3

Assets:

12.9

Current Assets:

9.3

 

Fixed Assets:

3.6

 

Long Term Debt:

0.6

 

Total Liabilities:

6.3

 

Issued Capital:

NaN

 

Working Capital:

3.6

 

Net Worth:

5.9

 

 

 

Date of Financial Data:

31-Dec-2010

 

 

1 Year Growth

9.8%

NA

NA

 

 

Key Corporate Relationships

 

Auditor:

Bdo LLP

Bank:

Hsbc Bank PLC

 

Auditor:

Bdo LLP

 

Auditor History

Bdo LLP

31-Dec-2010

Bdo LLP

31-Dec-2009

Bdo Stoy Hayward LLP

31-Dec-2008

Grant Thornton UK LLP

31-Dec-2007

Grant Thornton UK LLP

31-Dec-2006

 

 

 

GBP(mil)

Audit Fees:

0.1

Non Audit Fees:

0.0

Audit Fiscal Year:

12-31-2010

 

 

Corporate Family

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Pacific Direct Holdings Ltd.

Parent

Bedford

United Kingdom

Commercial Banks

33.1

307

Pacific Direct Finance Ltd.

Subsidiary

Bedford

United Kingdom

Nonclassifiable Industries

 

 

Pacific Direct Ltd.

Subsidiary

Bedford

United Kingdom

Miscellaneous Capital Goods

33.1

307

 

 

Executives Report

 

 

 

Board of Directors

 

Name

Title

Function

Linda Wilding

 

Chairman

Chairman

George Mcbean Allan

 

Director

Director/Board Member

Paul Andrew Cox

 

Director

Director/Board Member

Leslie James Dawson

 

Director

Director/Board Member

Timothy Allan Baylor Leach

 

Director

Director/Board Member

Lara Morgan

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Stephen John Hicks

 

Director-Finance

Finance Executive

 

 

Directors and Shareholders Report

 

Annual Return Date: 06 Sep 2010

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

George Mcbean
Allan

Current

21 Jul 1963

Langfords 10 Greenway Close,
West Byfleet, Surrey KT14 6QZ

08 Mar 2010

NA

Current:3
Previous:0
Disqualifications:0

 

Leslie James
Dawson

Current

26 Aug 1963

Khajovne 142 Khajovne 142,
Pardubice-Spojl

26 Mar 2009

NA

Current:3
Previous:0
Disqualifications:0

 

Linda
Wilding

Current

11 Feb 1959

41 Tangley Way, Blackheath,
Guildford, Surrey GU4 8QS

26 Feb 2009

NA

Current:4
Previous:32
Disqualifications:0

 

Paul Andrew
Cox

Current

25 Oct 1962

2 Culham Close,
Abingdon, Oxfordshire OX14 2AS

26 Mar 2009

NA

Current:3
Previous:1
Disqualifications:0

 

Stephen John
Hicks

Current

20 Oct 1966

Princeton Court The Pilgrim Centre, Brickhill Drive,
Bedford, Bedfordshire MK41 7PZ

26 Mar 2009

NA

Current:6
Previous:2
Disqualifications:0

 

Timothy Alan Baylor
Leach

Current

23 Jan 1964

24-26 Duke Street,
Henley-On-Thames, Oxfordshire RG9 1UP

20 May 2009

NA

Current:4
Previous:1
Disqualifications:0

 

Charles John Innes
Morgan

Previous

09 Mar 1960

Lawrence House Lower Bristol Road,
Bath, Avon BA2 9ET

31 Oct 2002

28 Mar 2008

Current:1
Previous:1
Disqualifications:0

 

Anne
Pettigrew

Previous

15 Nov 1940

The Rowans, Salisbury Road Chilmark,
Salisbury, Wiltshire SP3 5AH

06 Sep 1993

28 Mar 2008

Current:0
Previous:1
Disqualifications:0

 

Serina
Vong

Previous

NA

Flat D 15/F Block 3 The Merton, 8 Davis St,
Kennedy Town

02 Apr 2008

20 Apr 2009

Current:0
Previous:3
Disqualifications:0

 

Stephan Hans Hubertus
Heldt

Previous

NA

Schleissheimer Str. 47,
Munich

02 Apr 2008

26 Feb 2009

Current:0
Previous:3
Disqualifications:0

 

Catherine Lara
Morgan

Previous

16 Dec 1967

The Old Rectory Grovely Road,
Salisbury, Wiltshire SP3 4AF

06 Sep 1993

26 Mar 2009

Current:2
Previous:5
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

 

Stephen John
Hicks

Current

20 Oct 1966

Princeton Court The Pilgrim Centre, Brickhill Drive,
Bedford, Bedfordshire MK41 7PZ

01 Sep 2008

NA

Current:6
Previous:2
Disqualifications:0

 

Catherine Lara
Morgan

Previous

16 Dec 1967

The Old Rectory Grovely Road,
Salisbury, Wiltshire SP3 4AF

06 Sep 1993

28 Mar 2008

Current:2
Previous:5
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Emw Secretaries Limited

Previous

Seebeck House One Seebeck Place, Knowlhill,
Milton Keynes, Buckinghamshire MK5 8FR

28 Mar 2008

03 Apr 2008

 

 

 

 

Individual Shareholders

 

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

 

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Pacific Direct Finance Limited

06535641

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

100.00

 

 

 

Top of Form

Bottom of Form

 

Self-made millionaire to share her experience
Finance

Belfast Telegraph (Northern Ireland): 04 August 2011
[What follows is the full text of the news story.]

 

A MULTI-MILLIONAIRE businesswoman is to share her experiences with budding entrepreneurs at the Northern Ireland heat of a UK-wide Dragons Den-style competition.

Lara Morgan, who started, grew and sold hotel toiletries supplier Pacific Direct for �20m, will speak at The Pitch in Belfast'sGrand Opera House where five entrepreneurs will fight to make it through to the grand final and win business support worth �50,000.

Delegates at the event will also hear from keynote speaker Alastair Hamilton, chief executive of Invest Northern Ireland and Bangor-based Adam Ewart, founder of student luggage service sendmybag.com.

Organised by BusinessZone.co

.uk in association with Yell, The Pitch 2011 arrives in Belfast in September.

The successful candidate will then compete against winners from England, Wales and Scotland at the final in London in November.

Judging the contestants will be Will McKee, co-founder and chairman of Belfast-based business development and sales training consultancy Linkubater.

Also on the panel will be Karen Darby, who started energy price comparison service Simply Switch before selling it for �25m four years later and Carl Hopkins, marketing entrepreneur and star of Channel 4's The Secret Millionaire.

Prizes also include a year's mentoring, membership of the Forum of Private Business, PR and market research services, �3,000 of advertising and marketing from Yell and business software from Barclays.



Self-made millionaire to share her experience
Finance

Belfast Telegraph (Northern Ireland): 04 August 2011
[What follows is the full text of the news story.]

 

A MULTI-MILLIONAIRE businesswoman is to share her experiences with budding entrepreneurs at the Northern Ireland heat of a UK-wide Dragons Den-style competition.

Lara Morgan, who started, grew and sold hotel toiletries supplier Pacific Direct for �20m, will speak at The Pitch in Belfast'sGrand Opera House where five entrepreneurs will fight to make it through to the grand final and win business support worth �50,000.

Delegates at the event will also hear from keynote speaker Alastair Hamilton, chief executive of Invest Northern Ireland and Bangor-based Adam Ewart, founder of student luggage service sendmybag.com.

Organised by BusinessZone.co

.uk in association with Yell, The Pitch 2011 arrives in Belfast in September.

The successful candidate will then compete against winners from England, Wales and Scotland at the final in London in November.

Judging the contestants will be Will McKee, co-founder and chairman of Belfast-based business development and sales training consultancy Linkubater.

Also on the panel will be Karen Darby, who started energy price comparison service Simply Switch before selling it for �25m four years later and Carl Hopkins, marketing entrepreneur and star of Channel 4's The Secret Millionaire.

Prizes also include a year's mentoring, membership of the Forum of Private Business, PR and market research services, �3,000 of advertising and marketing from Yell and business software from Barclays.



 

 

 

 

Samuel faces DFO questions

Australian (Abstracts): 20 October 2010
[What follows is the full text of the news story.]

 

Senior legal experts believe that Australia requires stricter regulations on the management of public officials and their private investments. Graeme Samuel of the Australian Competition & Consumer Commission declared himself unable to participate in the regulatory decision on the proposed merger of National Australia Bank (NAB) and Axa Asia Pacific. Samuel's connection with NAB was through Austexx, which he had a stake in as part of a blind trust. Austexx is the owner of Direct Factory Outlets, which was negotiating a deal with NAB at the time

 

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

 

 

 

 

 

 

Turnover (UK)

9.1

9.7

12.7

9.7

-

Turnover (Exports)

24.0

20.7

25.5

27.7

-

Total Turnover

33.1

30.5

38.2

37.4

25.1

Cost of Sales

19.7

18.8

21.2

22.7

15.7

Gross Profit

13.4

11.7

17.1

14.7

9.4

Depreciation

0.8

0.8

0.8

0.6

0.3

Other Expenses

10.8

9.6

13.8

9.2

6.6

Operating Profit

2.7

-

3.2

5.5

2.9

Other Income

0.0

0.0

0.2

0.0

0.0

Interest Paid

0.1

0.1

0.1

0.1

0.0

Exceptional Income

0.0

-1.9

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

-

Profit Before Taxes

2.6

0.0

3.3

5.4

2.9

Tax Payable / Credit

0.5

0.0

0.7

1.5

0.9

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

1.0

0.2

Profit After Taxes

2.0

0.1

2.4

1.8

1.1

Minority Interests (Profit & Loss)

0.0

0.0

-0.2

-1.1

-0.7

Audit Fees

0.1

0.1

0.1

0.1

0.1

Non Audit Fees

0.1

0.0

0.0

0.0

0.0

Number of Employees

307

349

448

379

319

Wages

6.2

5.4

7.6

6.5

4.5

Social Security Costs

1.1

1.2

1.4

1.1

0.6

Pensions

-

-

0.0

0.0

0.0

Other Pension Costs

0.2

0.1

0.1

0.2

0.1

Employees Remuneration

7.5

6.6

9.2

7.7

5.3

Directors Emoluments

-

-

0.4

0.4

0.3

Other Costs

-

-

0.0

0.0

0.0

Directors Remuneration

1.0

0.6

0.4

0.4

0.3

Highest Paid Director

0.2

0.2

-

-

-

 

spacebar

 

 

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

3.0

3.0

3.0

3.0

2.3

Fixtures & Fittings

0.0

0.1

0.1

0.0

0.1

Plant & Vehicles

1.5

2.0

2.3

2.4

1.3

Total Tangible Fixed Assets

4.5

5.1

5.3

5.4

3.7

Intangible Assets

1.1

1.2

1.1

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

5.6

6.3

6.5

5.4

3.7

Stocks

5.5

5.5

8.0

-

-

Work in Progress

0.0

0.0

0.0

-

-

Total Stocks Work In Progress

5.5

5.5

8.0

6.0

4.9

Trade Debtors

6.2

6.1

5.7

6.6

5.1

Inter-Company Debtors

0.9

0.0

0.0

0.0

0.0

Other Debtors

0.7

1.1

0.9

0.5

0.5

Total Debtors

7.8

7.2

6.6

7.1

5.5

Cash and Equivalents

1.3

1.1

0.9

1.4

1.2

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

14.6

13.8

15.5

14.5

11.5

Total Assets

20.2

20.2

22.0

19.9

15.2

Trade Creditors

3.8

3.5

3.3

3.7

3.7

Bank Overdraft

1.6

1.2

1.0

0.4

0.6

Inter-Company Creditors

0.0

0.9

2.9

0.0

0.0

Hire Purchase (Current Liability)

0.0

-

-

0.0

-

Finance Lease (Current Liability)

0.0

-

-

0.0

-

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

-

Social Security/VAT

0.7

0.5

0.5

0.6

0.3

Corporation Tax

0.2

0.1

0.1

0.7

0.3

Other Current Liabilities

2.6

2.4

2.4

1.3

0.9

Total Current Liabilities

8.9

8.6

10.3

6.7

5.8

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

Hire Purchase (Long Term Liability)

0.0

0.0

-

0.0

0.0

Leasing (Long Term Liability)

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

1.0

3.3

3.1

3.2

2.2

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

1.0

3.3

3.2

3.2

2.2

Deferred Taxation

0.1

0.1

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.1

0.1

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

9.5

7.7

6.8

7.5

5.5

Other Reserves

0.7

0.6

1.7

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

-2.4

-1.7

Total Shareholders Funds

10.3

8.3

8.5

7.5

5.5

Net Worth

9.2

7.1

7.4

7.5

5.5

 

 

 

 

 

 

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

-

-

-

3.8

2.1

Net Cash Flow from ROI and Servicing of Finance

-

-

-

-0.3

-0.1

Taxation

-

-

-

-1.1

-1.1

Capital Expenditures

-

-

-

-2.1

-2.8

Acquisitions and Disposals

-

-

-

0.0

0.0

Paid Up Equity

-

-

-

-1.0

-0.2

Management of Liquid Resources

-

-

-

0.0

0.0

Net Cash Flow From Financing

-

-

-

0.9

2.0

Increase in Cash

-

-

-

0.2

-0.1

 

spacebar

 

 

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

1.64

1.62

1.50

2.16

2.00

Liquidity Ratio

1.02

0.98

0.73

1.27

1.16

Stock Turnover

6.10

5.75

3.75

6.24

5.50

Credit Period (Days)

67.23

70.92

69.75

65.09

69.01

Working Capital by Sales

16.95%

16.78%

17.38%

20.91%

21.58%

Trade Credit by Debtors

0.61

0.57

0.58

0.55

0.73

Return on Capital

23.25%

0.38%

21.98%

40.86%

32.33%

Return on Assets

13.01%

0.22%

11.66%

27.04%

20.07%

Profit Margin

7.83%

0.14%

8.56%

14.44%

11.43%

Return on Shareholders Funds

25.61%

0.53%

30.10%

71.88%

55.05%

Borrowing Ratio

28.18%

75.74%

96.16%

49.30%

49.45%

Equity Gearing

50.79%

40.99%

38.75%

37.61%

36.46%

Debt Gearing

10.50%

46.09%

42.61%

43.23%

38.97%

Interest Coverage

34.99

0.45

23.87

61.42

78.69

Sales by Tangible Assets

7.45

6.19

5.62

6.93

7.26

Average Remuneration per Employee

0.0

0.0

0.0

0.0

0.0

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.1

0.1

0.1

0.1

0.1

Capital Employed per Employee

0.0

0.0

0.0

0.0

0.0

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.1

0.1

0.0

0.1

0.0

Employee Remuneration by Sales

22.60%

21.68%

23.95%

20.68%

21.13%

Creditor Days (Cost of Sales Based)

69.16

65.49

72.75

59.38

80.55

Creditor Days (Sales Based)

41.14

40.41

40.30

36.04

50.30

 

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.89

UK Pound

1

Rs.74.31

Euro

1

Rs.65.41

 

 

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.