MIRA
INFORM REPORT
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Report Date : |
10.08.2012 |
IDENTIFICATION DETAILS
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Name : |
WARTSILA UK LTD. |
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Registered Office : |
4 Marples Way, Havant, PO9 1NX |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
16.03.1971 |
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Com. Reg. No.: |
01004816 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Manufacture, sale and support of stern shaft seals, the sales and service of engines and associated propulsion systems for the marine industry, the sale and service of both diesel and gas engines for land-based power plants |
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No. of Employees : |
375 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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
Wartsila UK Ltd.
Riverside Business Centre
River Lawn Road
Tonbridge, TN9 1EP
United Kingdom
Tel: 02392400121
Fax: 02392492470
Web: www.wartsila.com
Synthesis
Employees: 375
Company Type: Private Subsidiary
Corporate Family: 96
Companies
Ultimate Parent: Wartsila
Corporation
Quoted Status: Non-quoted Company
Incorporation Date: 16-Mar-1971
Auditor: KPMG Audit PLC
Financials in: Usd (Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 150.4 1
Net Income: (1.8)
Total Assets: 80.6
Business Description
Manufacture, sale and support of stern shaft seals, the sales and service of engines and associated propulsion systems for the marine industry, the sale and service of both diesel and gas engines for land-based power plants.
Industry
Industry Water Transportation
ANZSIC 2006: 2391 -
Shipbuilding and Repair Services
NACE 2002: 3511 - Building
and repairing of ships
NAICS 2002: 33661 - Ship and
Boat Building
UK SIC 2003: 3511 - Building
and repairing of ships
US SIC 1987: 3731 - Ship
Building and Repairing
Key Executives
|
Name |
Title |
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Robert Burford |
Managing Director and President |
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John Henshaw |
Financial Controller, Services Division |
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Adrian Higginbottom |
Regional Sales Manager, Wartsila Defence |
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Terence Joseph Eaves |
Secretary |
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Mike Hughes |
HR Director |
Financial Summary
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Registered No.(UK): 01004816
Parent Registered No.(UK): 07266945
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593
Corporate Overview
Location
Riverside Business Centre
River Lawn Road
Tonbridge, TN9 1EP
Kent County
United Kingdom
Tel: 02392400121
Fax: 02392492470
Web: www.wartsila.com
Sales GBP(mil): 93.8
Assets GBP(mil): 51.9
Employees: 375
Fiscal Year End: 31-Dec-2011
Industry: Water
Transportation
Registered
Address:
4 Marples Way
Havant, PO9 1NX
United Kingdom
Incorporation Date: 16-Mar-1971
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 01004816
Parent Registered No.(UK): 07266945
Managing Director and President: Robert
Burford
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2391 - Shipbuilding and Repair Services
NACE 2002 Codes:
3511 - Building and repairing of ships
NAICS 2002 Codes:
33661 - Ship and Boat Building
US SIC 1987:
3731 - Ship Building and Repairing
UK SIC 2003:
3511 - Building and repairing of ships
Business
Description
Manufacture, sale and support of stern shaft seals, the sales and and service of engines and associated propulsion systems for the marine industry, the sale and service of both diesel and gas engines for land-based power plants.
More Business
Descriptions
Marine Seals Mfr
Marine Equipment Supplies
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Corporate
Family |
Corporate
Structure News: |
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Wartsila
Corporation |
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Wartsila UK Ltd. |
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Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Helsinki |
Finland |
Miscellaneous Capital Goods |
5,852.4 |
19,161 |
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Acquisition of Hamworthy Plc proposed/announced.See corporate
structure news on Wartsila Corporation for details |
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Subsidiary |
Vaasa |
Finland |
Miscellaneous Capital Goods |
3,456.5 |
3,500 |
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Subsidiary |
Mumbai |
India |
Miscellaneous Capital Goods |
1.0 |
1,147 |
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Subsidiary |
Rubbestadneset |
Norway |
Miscellaneous Capital Goods |
455.9 |
940 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
141.9 |
800 |
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Subsidiary |
Drunen |
Netherlands |
Water Transportation |
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600 |
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Subsidiary |
Nantes |
France |
Electric Utilities |
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500 |
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Subsidiary |
Winterthur |
Switzerland |
Miscellaneous Capital Goods |
483.9 |
450 |
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Subsidiary |
Tonbridge |
United Kingdom |
Water Transportation |
150.4 |
375 |
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Subsidiary |
Poole |
United Kingdom |
Miscellaneous Fabricated Products |
414.6 |
1,112 |
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Acquisition by
Wartsila Corporation proposed/announced.See corporate
structure news on
Wartsila Corporation for details |
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Subsidiary |
Jurong |
Singapore |
Engineering Consultants |
|
200 |
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Subsidiary |
Asker |
Norway |
Oil Well Services and Equipment |
108.6 |
183 |
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Subsidiary |
Svenstrup |
Denmark |
Miscellaneous Capital Goods |
27.9 |
150 |
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Subsidiary |
Poole |
United Kingdom |
Miscellaneous Capital Goods |
65.4 |
137 |
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Subsidiary |
Moss, Ostfold |
Norway |
Miscellaneous Capital Goods |
47.5 |
90 |
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Subsidiary |
Geesthacht, Schleswig-Holstein |
Germany |
Miscellaneous Capital Goods |
24.0 |
87 |
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Subsidiary |
Busan |
Korea, Republic of |
Engineering Consultants |
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24 |
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Subsidiary |
Gdynia, Pomeranian |
Poland |
Engineering Consultants |
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20 |
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Subsidiary |
Mumbai, Maharastra |
India |
Engineering Consultants |
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15 |
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Subsidiary |
Sharjah |
United Arab Emirates |
Engineering Consultants |
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15 |
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Subsidiary |
Rotterdam, Zuid-Holland |
Netherlands |
Engineering Consultants |
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9 |
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Subsidiary |
St Catharines, ON |
Canada |
Miscellaneous Capital Goods |
1.6 |
5 |
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Subsidiary |
Houston, TX |
United States |
Oil and Gas Operations |
1.4 |
3 |
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Branch |
Doral, FL |
United States |
Miscellaneous Transportation |
4.5 |
6 |
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Subsidiary |
Shanghai |
China |
Oil Well Services and Equipment |
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Subsidiary |
Pontevedra |
Spain |
Engineering Consultants |
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Subsidiary |
Groningen |
Netherlands |
Engineering Consultants |
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Subsidiary |
Suzhou, Jiangsu |
China |
Oil Well Services and Equipment |
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Subsidiary |
Poole |
United Kingdom |
Business Services |
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Subsidiary |
Dover |
United Kingdom |
Commercial Banks |
1.6 |
6 |
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UK Branch/Trading address |
Aberdeen |
United Kingdom |
Miscellaneous Transportation |
150.4 |
20 |
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Subsidiary |
Newton Aycliffe |
United Kingdom |
Commercial Banks |
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6 |
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Branch |
Busan |
Korea, Republic of |
Miscellaneous Capital Goods |
7.0 |
360 |
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Subsidiary |
Helsinki |
Finland |
Miscellaneous Capital Goods |
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300 |
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Subsidiary |
Göteborg |
Sweden |
Miscellaneous Capital Goods |
72.4 |
285 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Miscellaneous Capital Goods |
121.4 |
270 |
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Subsidiary |
Rio de Janeiro, RJ |
Brazil |
Miscellaneous Capital Goods |
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200 |
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Subsidiary |
Bermeo, Vizcaya |
Spain |
Miscellaneous Capital Goods |
86.3 |
192 |
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Subsidiary |
Hirtshals |
Denmark |
Miscellaneous Capital Goods |
50.2 |
150 |
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Subsidiary |
Mulhouse |
France |
Miscellaneous Financial Services |
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149 |
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Branch |
Bekasi, West Java |
Indonesia |
Miscellaneous Capital Goods |
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100 |
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Branch |
Huntingwood, NSW |
Australia |
Miscellaneous Capital Goods |
12.6 |
75 |
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Branch |
Bassendean, WA |
Australia |
Miscellaneous Capital Goods |
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12 |
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Subsidiary |
Devonport |
New Zealand |
Construction Services |
1.4 |
3 |
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Branch |
Hong Kong |
Hong Kong |
Miscellaneous Capital Goods |
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60 |
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Branch |
Houston, TX |
United States |
Water Transportation |
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53 |
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Subsidiary |
Chesapeake, VA |
United States |
Retail (Specialty) |
21.0 |
105 |
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Branch |
Fort Lauderdale, FL |
United States |
Electronic Instruments and Controls |
61.0 |
80 |
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Branch |
Jefferson, LA |
United States |
Auto and Truck Parts |
24.3 |
65 |
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Branch |
Long Beach, CA |
United States |
Electronic Instruments and Controls |
14.5 |
19 |
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Branch |
Mountlake Ter, WA |
United States |
Miscellaneous Capital Goods |
4.7 |
8 |
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Branch |
Annapolis, MD |
United States |
Electronic Instruments and Controls |
3.8 |
5 |
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Subsidiary |
Cape Town |
South Africa |
Aerospace and Defense |
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50 |
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Subsidiary |
Göteborg, Västra Götaland |
Sweden |
Miscellaneous Fabricated Products |
28.2 |
47 |
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Recently
acquired (previously owned by Cedervall Invest AB).See corporate
structure news on
Wartsila Corporation for details |
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Subsidiary |
O Porriño, Pontevedra |
Spain |
Miscellaneous Capital Goods |
24.5 |
58 |
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Subsidiary |
Calais |
France |
Miscellaneous Capital Goods |
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40 |
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Subsidiary |
Maia, Maia |
Portugal |
Miscellaneous Capital Goods |
11.7 |
38 |
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Subsidiary |
Dhaka |
Bangladesh |
Miscellaneous Capital Goods |
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38 |
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Subsidiary |
Piraeus |
Greece |
Miscellaneous Capital Goods |
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30 |
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Subsidiary |
Hamburg, Hamburg |
Germany |
Engineering Consultants |
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27 |
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Subsidiary |
Rostock, Mecklenburg-Vorpommern |
Germany |
Engineering Consultants |
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36 |
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Subsidiary |
Bogota |
Colombia |
Miscellaneous Capital Goods |
|
25 |
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Subsidiary |
Valparaiso |
Chile |
Electronic Instruments and Controls |
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25 |
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Branch |
Talcahuano |
Chile |
Miscellaneous Capital Goods |
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65 |
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Branch |
Shanghai |
China |
Miscellaneous Capital Goods |
|
20 |
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Wartsila UK Ltd. |
Subsidiary |
Montrose |
United Kingdom |
Engineering Consultants |
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20 |
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Subsidiary |
Halifax, NS |
Canada |
Miscellaneous Capital Goods |
14.5 |
17 |
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Subsidiary |
Buenos Aires |
Argentina |
Miscellaneous Capital Goods |
|
10 |
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Subsidiary |
Helsinki |
Finland |
Construction - Supplies and Fixtures |
2.2 |
5 |
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Subsidiary |
Ratingen, Nordrhein-Westfalen |
Germany |
Construction - Supplies and Fixtures |
194.8 |
730 |
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Subsidiary |
Wisches |
France |
Construction - Raw Materials |
7.1 |
90 |
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Subsidiary |
Avon |
France |
Construction - Supplies and Fixtures |
156.0 |
698 |
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Subsidiary |
Selles Sur Cher |
France |
Construction - Supplies and Fixtures |
43.9 |
256 |
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Subsidiary |
Bromölla |
Sweden |
Construction - Supplies and Fixtures |
198.7 |
577 |
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Subsidiary |
Vlotho, Nordrhein-Westfalen |
Germany |
Construction - Supplies and Fixtures |
33.5 |
180 |
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Subsidiary |
WeiĂŸenburg I.Bay., Bayern |
Germany |
Engineering Consultants |
5.0 |
45 |
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Joint Venture |
Zwolle |
Netherlands |
Miscellaneous Capital Goods |
746.7 |
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Subsidiary |
Helsinki |
Finland |
Iron and Steel |
250.0 |
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Subsidiary |
Drunen |
Netherlands |
Electronic Instruments and Controls |
75.0 |
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Subsidiary |
Singapore |
Singapore |
Engineering Consultants |
54.8 |
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Subsidiary |
Singapore |
Singapore |
Miscellaneous Capital Goods |
142.7 |
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Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
19.3 |
600 |
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Subsidiary |
Singapore |
Singapore |
Water Transportation |
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Subsidiary |
Singapore |
Singapore |
Engineering Consultants |
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Subsidiary |
Dubai |
United Arab Emirates |
Miscellaneous Capital Goods |
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Subsidiary |
Nantong |
China |
Miscellaneous Capital Goods |
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Subsidiary |
Shanghai |
China |
Miscellaneous Capital Goods |
1.0 |
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Subsidiary |
Mulhouse |
France |
Miscellaneous Capital Goods |
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Subsidiary |
Baku |
Azerbaijan |
Miscellaneous Capital Goods |
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Division |
Helsinki |
Finland |
Miscellaneous Capital Goods |
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Subsidiary |
Zwolle, Overijssel |
Netherlands |
Miscellaneous Financial Services |
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Subsidiary |
San Dorligo della Valle, TS |
Italy |
Miscellaneous Capital Goods |
424.0 |
1,459 |
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Subsidiary |
Mulhouse |
France |
Miscellaneous Capital Goods |
239.2 |
374 |
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Branch |
Surgeres |
France |
Miscellaneous Capital Goods |
|
100 |
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Subsidiary |
Helsinki |
Finland |
Miscellaneous Financial Services |
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Division |
Helsinki |
Finland |
Miscellaneous Capital Goods |
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Executive report
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Board of
Directors |
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Managing Director and President |
Director/Board Member |
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General Manager |
Director/Board Member |
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Secretary |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Managing Director and President |
President |
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Secretary |
Company Secretary |
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Financial Controller, Services Division |
Finance Executive |
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HR Director |
Human Resources Executive |
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Regional Sales Manager, Wartsila Defence |
Sales Executive |
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General Manager, Ship Power |
Other |
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Vice President - Services, Finland |
Other |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 02392400121 |
Annual Return Date: 31 Dec 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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Andrew David |
Current |
11 Dec 1967 |
26 Haflinger Drive, Whiteley, |
18 Jan 2008 |
NA |
Current:2 |
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Godefridus Gulielmus Pterus Maria |
Current |
19 Apr 1962 |
Wartsila Nethertlands Bv Lipsstraat 52, 5151 Rp, |
01 Apr 2010 |
NA |
Current:1 |
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Robert |
Current |
11 May 1964 |
54 Christopher Way, |
09 Sep 2003 |
NA |
Current:4 |
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John |
Previous |
03 Feb 1964 |
The Old Stillroom, 7 Church Road Swanmore, |
20 Dec 2007 |
24 Apr 2009 |
Current:3 |
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Godepridus Gulielmus Petrus Maria |
Previous |
NA |
Boetshuislaan 74, |
01 Jan 2008 |
01 Jul 2009 |
Current:0 |
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Carl Christoph Eric |
Previous |
05 Jul 1969 |
1 B 55 Johanneksenrinne, |
01 Jul 2009 |
31 Mar 2010 |
Current:0 |
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Timothy Russell |
Previous |
19 Sep 1962 |
Drax Power Station, |
06 Apr 1999 |
30 Sep 2000 |
Current:3 |
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Christopher |
Previous |
05 Jul 1969 |
Johanneksenrinne 1B55, |
23 May 2002 |
02 Jan 2008 |
Current:0 |
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Ernst Casimir |
Previous |
04 Feb 1957 |
7 Pond Piece, Denmead, |
23 May 2002 |
27 Jan 2003 |
Current:0 |
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Ronald David |
Previous |
18 Jan 1944 |
New House New Road, Swanwick, |
07 Aug 2001 |
29 Sep 2004 |
Current:0 |
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Gavin Joseph |
Previous |
06 Aug 1966 |
62 Woolston Road, Butlocks Heath, |
07 Aug 2001 |
13 Jun 2003 |
Current:0 |
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Colin Lewis |
Previous |
14 Nov 1945 |
10 West Road, Hedge End, |
19 Feb 2003 |
29 Sep 2004 |
Current:0 |
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Penelope Elisabeth Louise |
Previous |
21 Jan 1950 |
1 The Glen, |
07 Aug 2001 |
03 Jan 2008 |
Current:1 |
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Colin Arthur |
Previous |
22 Jan 1956 |
39 Bound Lane, |
01 Feb 1995 |
29 Sep 2004 |
Current:0 |
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Colin Geoffrey |
Previous |
17 Dec 1954 |
9 Woodend, |
30 Sep 2000 |
29 Sep 2004 |
Current:0 |
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Tage Krister |
Previous |
28 Dec 1949 |
Korsholmsesplanaden 15, |
01 Jan 2008 |
30 Jun 2009 |
Current:0 |
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Colin Frederick |
Previous |
07 Dec 1938 |
42 Cedar Crescent, Horndean, |
02 May 1992 |
07 Aug 2001 |
Current:0 |
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John Frederick |
Previous |
31 Mar 1938 |
April Rise 1 Ventnor Way, Down End, |
02 May 1992 |
15 Apr 2002 |
Current:0 |
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Rodney |
Previous |
14 Oct 1945 |
Botshabelo Beech Avenue, Bracklesham Bay, |
02 May 1992 |
06 Apr 1999 |
Current:0 |
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Brian |
Previous |
20 Jun 1938 |
211 Brook Lane, Sarisbury Green, |
02 May 1992 |
01 Feb 1995 |
Current:0 |
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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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Terence Joseph |
Current |
24 Oct 1956 |
86 Spencer Road, |
24 Apr 2009 |
NA |
Current:8 |
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John |
Previous |
03 Feb 1964 |
The Old Stillroom, 7 Church Road Swanmore, |
20 Dec 2007 |
24 Apr 2009 |
Current:3 |
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Gavin Joseph |
Previous |
06 Aug 1966 |
62 Woolston Road, Butlocks Heath, |
07 Aug 2001 |
13 Jun 2003 |
Current:0 |
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Robert |
Previous |
11 May 1964 |
54 Christopher Way, |
09 Sep 2003 |
28 Sep 2004 |
Current:4 |
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Penelope Elisabeth Louise |
Previous |
21 Jan 1950 |
1 The Glen, |
29 Sep 2004 |
03 Jan 2008 |
Current:1 |
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Colin Frederick |
Previous |
07 Dec 1938 |
42 Cedar Crescent, Horndean, |
02 May 1992 |
07 Aug 2001 |
Current:0 |
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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 |
|
Wartsila Technology Oy AB |
3 Ordinary GBP 1.00 |
Ordinary |
3 |
1.00 |
3.00 |
100.00 |
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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)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Turnover |
150.4 |
141.1 |
159.2 |
189.2 |
74.4 |
|
Total Expenses |
140.3 |
127.0 |
144.9 |
177.9 |
63.6 |
|
Depreciation |
1.6 |
1.5 |
1.4 |
2.3 |
1.2 |
|
Operating Profit |
- |
14.1 |
- |
- |
- |
|
Other Income |
1.7 |
0.0 |
0.1 |
7.1 |
3.5 |
|
Interest Paid |
1.1 |
1.1 |
2.2 |
3.2 |
2.2 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
10.7 |
13.0 |
12.1 |
15.2 |
12.2 |
|
Tax Payable / Credit |
3.4 |
4.2 |
4.1 |
4.2 |
3.4 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
9.1 |
7.7 |
8.9 |
10.8 |
2.3 |
|
Profit After Taxes |
-1.8 |
1.0 |
-0.9 |
0.2 |
6.5 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Non Audit Fees |
- |
- |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
375 |
394 |
417 |
414 |
189 |
|
Wages |
24.7 |
25.0 |
25.9 |
28.9 |
13.7 |
|
Social Security Costs |
3.1 |
2.9 |
3.1 |
2.7 |
1.1 |
|
Pensions |
- |
- |
- |
- |
0.0 |
|
Other Pension Costs |
0.9 |
1.5 |
1.4 |
2.4 |
2.1 |
|
Employees Remuneration |
28.7 |
29.3 |
30.4 |
34.0 |
16.9 |
|
Directors Emoluments |
- |
- |
- |
- |
0.5 |
|
Other Costs |
- |
- |
- |
- |
0.0 |
|
Directors Remuneration |
0.5 |
0.5 |
0.6 |
0.9 |
0.5 |
|
Highest Paid Director |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.5 |
- |
0.5 |
0.5 |
0.6 |
|
Fixtures & Fittings |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
3.3 |
- |
6.0 |
5.3 |
6.7 |
|
Total Tangible Fixed Assets |
3.7 |
5.1 |
6.4 |
5.8 |
7.4 |
|
Intangible Assets |
29.6 |
31.9 |
32.4 |
30.5 |
9.1 |
|
Investments |
0.0 |
0.0 |
4.1 |
3.6 |
0.0 |
|
Total Fixed Assets |
33.3 |
37.0 |
42.9 |
40.0 |
16.4 |
|
Stocks |
10.8 |
12.1 |
12.9 |
12.8 |
14.4 |
|
Work in Progress |
4.6 |
1.8 |
2.6 |
4.7 |
2.4 |
|
Total Stocks Work In Progress |
15.4 |
13.9 |
15.5 |
17.4 |
16.8 |
|
Trade Debtors |
12.7 |
18.0 |
15.2 |
20.5 |
8.1 |
|
Inter-Company Debtors |
15.8 |
12.6 |
18.3 |
6.5 |
6.9 |
|
Director Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Debtors |
1.5 |
0.8 |
0.5 |
1.6 |
1.5 |
|
Total Debtors |
29.9 |
31.4 |
34.1 |
28.6 |
16.5 |
|
Cash and Equivalents |
1.9 |
2.0 |
1.9 |
1.0 |
4.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
47.3 |
47.2 |
51.4 |
47.0 |
37.3 |
|
Total Assets |
80.6 |
84.2 |
94.3 |
87.0 |
53.8 |
|
Trade Creditors |
2.1 |
2.8 |
1.9 |
1.0 |
1.9 |
|
Inter-Company Creditors |
48.9 |
51.3 |
62.3 |
54.7 |
19.5 |
|
Accruals/Deferred Income (Current Liability) |
8.8 |
5.1 |
5.3 |
8.8 |
6.1 |
|
Social Security/VAT |
0.7 |
0.8 |
0.8 |
0.0 |
0.4 |
|
Corporation Tax |
1.0 |
1.3 |
2.1 |
1.5 |
2.5 |
|
Dividends (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Other Current Liabilities |
0.1 |
0.7 |
0.0 |
0.6 |
0.0 |
|
Total Current Liabilities |
61.6 |
62.0 |
72.3 |
66.6 |
30.5 |
|
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 |
0.2 |
- |
0.5 |
- |
0.5 |
|
Other Provisions |
6.0 |
6.8 |
6.8 |
1.5 |
4.8 |
|
Total Provisions |
6.2 |
6.8 |
7.3 |
1.5 |
5.3 |
|
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 |
12.7 |
15.5 |
14.7 |
18.8 |
18.0 |
|
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 |
12.7 |
15.5 |
14.7 |
18.8 |
18.0 |
|
Net Worth |
-16.8 |
-16.4 |
-17.7 |
-11.7 |
8.9 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
0.77 |
0.76 |
0.71 |
0.71 |
1.22 |
|
Liquidity Ratio |
0.52 |
0.54 |
0.50 |
0.44 |
0.67 |
|
Stock Turnover |
9.45 |
10.30 |
10.67 |
8.51 |
4.40 |
|
Credit Period (Days) |
31.70 |
45.89 |
33.72 |
50.46 |
39.89 |
|
Working Capital by Sales |
-9.82% |
-10.31% |
-12.69% |
-13.21% |
9.24% |
|
Trade Credit by Debtors |
0.17 |
0.16 |
0.12 |
0.05 |
0.23 |
|
Return on Capital |
54.61% |
59.29% |
57.16% |
58.56% |
51.98% |
|
Return on Assets |
12.86% |
15.65% |
13.33% |
13.71% |
22.50% |
|
Profit Margin |
7.11% |
9.21% |
7.62% |
8.04% |
16.34% |
|
Return on Shareholders Funds |
81.37% |
85.25% |
85.67% |
63.32% |
67.17% |
|
Borrowing Ratio |
-290.90% |
-313.15% |
-351.61% |
-467.84% |
218.46% |
|
Equity Gearing |
15.80% |
18.35% |
15.55% |
21.65% |
33.50% |
|
Interest Coverage |
9.65 |
11.96 |
5.56 |
4.69 |
5.53 |
|
Sales by Tangible Assets |
39.14 |
27.96 |
25.61 |
25.61 |
10.07 |
|
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 |
0.1 |
|
Sales per Employee |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Employee Remuneration by Sales |
19.08% |
20.79% |
19.06% |
17.96% |
22.77% |
|
Creditor Days (Cost of Sales Based) |
5.24 |
7.20 |
4.12 |
2.38 |
9.33 |
|
Creditor Days (Sales Based) |
5.24 |
7.20 |
4.12 |
2.38 |
9.33 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.17 |
|
UK Pound |
1 |
Rs.86.43 |
|
Euro |
1 |
Rs.68.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.