MIRA INFORM REPORT
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Report Date : |
13.09.2011 |
IDENTIFICATION DETAILS
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Name : |
HAWKESWOOD METAL RECYCLING LTD. |
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Registered Office : |
Trevor St Industrial Estate, Trevor Street, Birmingham, B7 5RG |
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Country : |
United Kingdom |
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Financials (as on) : |
30.04.2010 |
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Date of Incorporation : |
06.09.2001 |
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Com. Reg. No.: |
04282969 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Metal Recycling |
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 : |
Usually Correct |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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
Hawkeswood Metal Recycling Ltd.
Trevor St Industrial Estate
Trevor Street
Birmingham, B7 5RG
United Kingdom
Tel: 0121 327 7000
Fax: 0121 326 6666
Synthesis
Employees: 25
Company Type: Private Independent
Quoted Status: Non-quoted Company
Incorporation Date:
06-Sep-2001
Auditor: Trevor Jones And Co
Financials in: USD
(Millions)
Fiscal Year End:
30-Apr-2010
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Net Income: 0.4
Total Assets: 16.8
Business Description
Metal recycling.
Industry
Industry Waste Management Services
ANZSIC 2006: 29 - Waste
Collection, Treatment and Disposal Services
NACE 2002: 3710 - Recycling
of metal waste and scrap
NAICS 2002: 562920 - Materials
Recovery Facilities
UK SIC 2003: 3710 - Recycling
of metal waste and scrap
US SIC 1987: 4953 - Refuse
Systems
Key Executives
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Name |
Title |
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Jane Marie Hill |
Secretary |
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Wayne Anthony Hawkeswood |
Director |
Financial Summary
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Registered No.(UK): 04282969
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6254912
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6533172
Corporate Overview
Location
Trevor St Industrial Estate
Trevor Street
Birmingham, B7 5RG
West Midlands County
United Kingdom
Tel: 0121 327 7000
Fax: 0121 326 6666
Sales GBP(mil): NA
Assets GBP(mil): 10.9
Employees: 25
Fiscal Year End: 30-Apr-2010
Industry: Waste Management Services
Registered
Address:
Riverside Works Trevor Street
Nechells
Birmingham, B7 5RG
United Kingdom
Incorporation Date: 06-Sep-2001
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(UK): 04282969
Director: Wayne Anthony Hawkeswood
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
29 - Waste Collection, Treatment and
Disposal Services
NACE 2002 Codes:
3710 - Recycling of metal waste and scrap
NAICS 2002 Codes:
562920 - Materials Recovery Facilities
US SIC 1987:
4953 - Refuse Systems
UK SIC 2003:
3710 - Recycling of metal waste and scrap
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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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Executives |
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Secretary |
Company Secretary |
Directors and Shareholders Report
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Main Office Address: |
Tel: 0121 327 7000 |
Annual Return Date: 31 Aug 2010 |
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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 |
16 Aug 1970 |
The Dial House, Warwick Road Knowle, |
06 Sep 2001 |
NA |
Current:3 |
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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 |
NA |
Riverside Works Trevor Street, Nechells, |
07 Apr 2010 |
NA |
Current:1 |
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Previous |
20 May 1968 |
2 Farwood Road, |
25 Jul 2002 |
08 Feb 2010 |
Current:0 |
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Previous |
NA |
16 Manor Road, |
06 Sep 2001 |
25 Jul 2002 |
Current:0 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Rwl Registrars Limited |
Previous |
134 Regis House, 134 Percival Road, |
06 Sep 2001 |
06 Sep 2001 |
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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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Wayne Anthony Hawkeswood |
999 Ordinary GBP 1.00 |
Ordinary |
999 |
1.00 |
999.00 |
99.90 |
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Yvonne Caroline Manders |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
0.10 |
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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-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
30-Apr-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 |
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Exchange Rate
(Period Average) |
0.625491 |
0.607152 |
0.498433 |
0.523688 |
0.563559 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Turnover |
- |
26.5 |
- |
- |
- |
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Cost of Sales |
- |
21.0 |
- |
- |
- |
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Gross Profit |
8.0 |
5.4 |
8.5 |
6.4 |
- |
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Depreciation |
1.1 |
0.8 |
0.7 |
0.5 |
0.4 |
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Other Expenses |
7.4 |
4.5 |
4.8 |
4.9 |
- |
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Operating Profit |
- |
- |
3.7 |
1.5 |
- |
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Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Interest Paid |
0.3 |
0.2 |
0.1 |
0.0 |
- |
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Exceptional Income |
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 |
0.4 |
0.7 |
3.6 |
1.5 |
- |
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Tax Payable / Credit |
-0.1 |
0.1 |
1.1 |
0.4 |
- |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Dividends |
0.0 |
0.0 |
0.5 |
1.2 |
- |
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Profit After Taxes |
0.4 |
0.7 |
2.1 |
-0.2 |
- |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Number of Employees |
25 |
24 |
25 |
20 |
- |
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Wages |
2.9 |
0.9 |
1.0 |
2.0 |
- |
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Social Security Costs |
0.3 |
0.1 |
0.1 |
0.3 |
- |
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Pensions |
- |
- |
- |
0.0 |
- |
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Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Employees Remuneration |
3.2 |
1.0 |
1.2 |
2.2 |
- |
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Directors Emoluments |
- |
- |
- |
1.3 |
- |
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Other Costs |
- |
- |
- |
0.0 |
- |
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Directors Remuneration |
1.6 |
0.1 |
0.1 |
1.3 |
- |
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Highest Paid Director |
1.6 |
0.1 |
- |
1.3 |
- |
Annual Balance Sheet
Financials
in: USD (mil)
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|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
30-Apr-2006 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.653317 |
0.674855 |
0.50491 |
0.500038 |
0.550161 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
1.2 |
0.9 |
1.0 |
0.8 |
- |
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Fixtures & Fittings |
0.2 |
0.1 |
0.1 |
0.1 |
- |
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Plant & Vehicles |
8.0 |
7.2 |
5.5 |
1.7 |
- |
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Total Tangible Fixed Assets |
9.4 |
8.3 |
6.6 |
2.5 |
2.0 |
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Intangible Assets |
0.1 |
0.1 |
0.2 |
0.2 |
0.2 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
9.5 |
8.4 |
6.8 |
2.8 |
2.2 |
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Stocks |
- |
2.1 |
1.8 |
1.8 |
- |
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Work in Progress |
- |
0.0 |
0.0 |
0.0 |
- |
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Total Stocks Work In Progress |
2.8 |
2.1 |
1.8 |
1.8 |
1.8 |
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Trade Debtors |
2.6 |
1.1 |
3.6 |
2.2 |
- |
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Other Debtors |
0.6 |
0.4 |
0.9 |
0.9 |
- |
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Total Debtors |
3.2 |
1.5 |
4.5 |
3.1 |
1.6 |
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Cash and Equivalents |
1.2 |
0.1 |
0.1 |
0.6 |
0.1 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
7.2 |
3.7 |
6.4 |
5.5 |
3.6 |
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Total Assets |
16.8 |
12.1 |
13.1 |
8.2 |
5.7 |
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Trade Creditors |
2.8 |
1.1 |
3.0 |
1.6 |
- |
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Bank Overdraft |
1.3 |
1.0 |
0.4 |
0.8 |
- |
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Director Loans (Current Liability) |
0.6 |
0.1 |
0.0 |
0.0 |
- |
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Hire Purchase (Current Liability) |
0.2 |
0.3 |
- |
0.2 |
- |
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Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
0.0 |
- |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.2 |
0.3 |
0.2 |
0.2 |
- |
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Accruals/Deferred Income (Current Liability) |
0.7 |
0.1 |
0.9 |
2.4 |
- |
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Social Security/VAT |
0.9 |
0.0 |
0.0 |
0.0 |
- |
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Corporation Tax |
0.0 |
0.4 |
1.0 |
0.4 |
- |
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Other Current Liabilities |
2.0 |
1.9 |
2.5 |
0.0 |
3.1 |
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Total Current Liabilities |
8.5 |
4.9 |
8.1 |
5.6 |
3.1 |
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Group Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Director Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Hire Purchase (Long Term Liability) |
0.3 |
0.5 |
0.1 |
0.1 |
- |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Total Hire Purchase Loans (Long Term Liability) |
0.3 |
0.5 |
0.1 |
0.1 |
- |
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Other Long Term Loans |
2.6 |
2.7 |
0.3 |
0.4 |
- |
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Accruals/Deferred Income (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Other Long Term Liabilities |
0.7 |
0.0 |
0.0 |
0.0 |
0.4 |
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Total Long Term Liabilities |
3.6 |
3.1 |
0.4 |
0.4 |
0.4 |
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Deferred Taxation |
0.4 |
0.4 |
0.5 |
0.2 |
- |
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Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
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Total Provisions |
0.4 |
0.4 |
0.5 |
0.2 |
0.1 |
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Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Retained Earnings |
4.2 |
3.7 |
4.1 |
2.1 |
2.1 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
4.2 |
3.7 |
4.1 |
2.1 |
2.1 |
|
Net Worth |
4.1 |
3.6 |
3.9 |
1.9 |
1.9 |
Annual Cash Flows
Financials
in: USD (mil)
|
|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
30-Apr-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.625491 |
0.607152 |
0.498433 |
0.523688 |
0.563559 |
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Consolidated |
No |
No |
No |
No |
No |
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Net Cash Flow From Operating Activities |
4.0 |
1.1 |
5.3 |
2.5 |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.3 |
-0.2 |
0.0 |
0.0 |
- |
|
Taxation |
-0.4 |
-0.4 |
-0.1 |
-0.6 |
- |
|
Capital Expenditures |
-2.0 |
-3.6 |
-4.4 |
-0.6 |
- |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Paid Up Equity |
0.0 |
0.0 |
-0.5 |
-1.2 |
- |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Net Cash Flow From Financing |
-0.2 |
2.8 |
-0.4 |
-0.2 |
- |
|
Increase in Cash |
1.2 |
-0.3 |
-0.1 |
-0.3 |
- |
Annual Ratios
Financials in: USD
(mil)
|
|
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
30-Apr-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.653317 |
0.674855 |
0.50491 |
0.500038 |
0.550161 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
|
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|
Current Ratio |
0.85 |
0.76 |
0.78 |
0.98 |
1.15 |
|
Liquidity Ratio |
0.52 |
0.34 |
0.57 |
0.66 |
0.57 |
|
Stock Turnover |
- |
11.53 |
- |
- |
- |
|
Credit Period (Days) |
- |
17.45 |
- |
- |
- |
|
Working Capital by Sales |
- |
-4.96% |
- |
- |
- |
|
Trade Credit by Debtors |
1.08 |
0.98 |
0.84 |
0.76 |
- |
|
Return on Capital |
4.26% |
9.20% |
71.17% |
57.20% |
- |
|
Return on Assets |
2.11% |
5.50% |
27.30% |
18.43% |
- |
|
Profit Margin |
- |
2.80% |
- |
- |
- |
|
Return on Shareholders Funds |
8.32% |
18.04% |
87.01% |
73.41% |
- |
|
Borrowing Ratio |
122.01% |
126.93% |
26.23% |
79.81% |
- |
|
Equity Gearing |
25.31% |
30.47% |
31.37% |
25.11% |
36.09% |
|
Debt Gearing |
71.79% |
87.65% |
10.41% |
23.05% |
- |
|
Interest Coverage |
1.31 |
4.04 |
66.58 |
29.08 |
- |
|
Sales by Tangible Assets |
- |
2.87 |
- |
- |
- |
|
Average Remuneration per Employee |
0.1 |
0.0 |
0.0 |
0.1 |
- |
|
Profit per Employee |
0.0 |
0.0 |
0.1 |
0.1 |
- |
|
Sales per Employee |
- |
1.0 |
- |
- |
- |
|
Capital Employed per Employee |
0.3 |
0.3 |
0.2 |
0.1 |
- |
|
Tangible Assets per Employee |
0.4 |
0.3 |
0.3 |
0.1 |
- |
|
Total Assets per Employee |
0.7 |
0.5 |
0.5 |
0.4 |
- |
|
Employee Remuneration by Sales |
- |
3.96% |
- |
- |
- |
|
Creditor Days (Cost of Sales Based) |
- |
21.62 |
- |
- |
- |
|
Creditor Days (Sales Based) |
- |
17.18 |
- |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.97 |
|
UK Pound |
1 |
Rs.74.22 |
|
Euro |
1 |
Rs.63.66 |
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.