MIRA
INFORM REPORT
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Report Date : |
13.08.2012 |
IDENTIFICATION DETAILS
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Name : |
I HOLLAND LTD. |
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Registered Office : |
Meadow Lane, Long Eaton, Nottingham, NG10
2GD, Nottinghamshire County |
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Country : |
United Kingdom |
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Financials (as on) : |
31.07.2011 |
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Date of Incorporation : |
03.02.1998 |
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Com. Reg. No.: |
03503148 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of tools to pharmaceutical, nutraceutical and confectionery
industries around the world |
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No. of Employees : |
117 |
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 – March 31st, 2012
|
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 and address
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I Holland Ltd. |
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Employees: |
117 |
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Company Type: |
Private Subsidiary |
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Corporate Family: |
5 Companies |
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Ultimate Parent: |
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Quoted Status: |
Non-quoted Company |
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Incorporation Date: |
03-Feb-1998 |
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Auditor: |
Cooper Parry LLP |
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Fiscal Year End: |
31-Jul-2011 |
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Reporting Currency: |
British Pound Sterling |
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Annual Sales: |
24.1 1 |
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Net Income: |
1.7 |
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Total Assets: |
23.0 |
Business Description
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I Holland Ltd. is a supplier of tablet compression
tools to pharmaceutical, nutraceutical and confectionery industries around
the world. The company’s range of punch and die-tooling maintenance
products include ultrasonic cleaners, tablet punch polishing machines, punch
and die validation systems, utility storage systems and punch bellows. It
also offers hardness testing equipment for use in the production and quality
control areas of pharmaceutical companies. In addition, it sells tablet
compression and tension testing equipment, feed frames and feeder systems,
pressure rollers, pins and bushes and electrical components. The company’s
website provides online product catalogue and shopping facility to its
customers. (Updated by OneSource Information Services) |
Industry
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Industry |
Personal and
Household Products |
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ANZSIC 2006: |
2299 - Other
Fabricated Metal Product Manufacturing Not Elsewhere Classified |
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NACE 2002: |
2862 -
Manufacture of tools |
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NAICS 2002: |
332212 - Hand
and Edge Tool Manufacturing |
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UK SIC 2003: |
2862 -
Manufacture of tools |
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US SIC 1987: |
342 - Cutlery,
Handtools, and General Hardware |
Key Executives
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News
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Financial Summary
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Registered No.(UK)
03503148
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6260631
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6091989
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Corporate Family |
Corporate Structure News: |
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I Holland Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Nottingham |
United Kingdom |
Miscellaneous Fabricated Products |
24.1 |
119 |
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Subsidiary |
Nottingham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Nottingham |
United Kingdom |
Personal and Household Products |
24.1 |
117 |
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Subsidiary |
Nottingham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Nottingham |
United Kingdom |
Nonclassifiable Industries |
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Directors and Shareholders Report
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Main Office Address: |
Tel: 0115 972 6153 |
Annual Return Date: 03 Feb 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
09 Mar 1966 |
85 Arun Dale, Mansfield Woodhouse, |
01 Jun 2004 |
NA |
Current:6 |
|
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|
Current |
26 Feb 1955 |
21A Primrose Lane, Kirkburton, |
20 Oct 2003 |
NA |
Current:3 |
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|
Current |
03 Jan 1961 |
Coppice Corner Aston Hall Drive, Aston On Trent, |
09 Mar 1998 |
NA |
Current:5 |
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|
Current |
18 Nov 1945 |
C/O Cobra Bio-Manufacturing Plc, The Science Pk University
Of Keele, |
13 Feb 1998 |
NA |
Current:5 |
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|
Current |
24 May 1952 |
70 High Road, Toton Beeston, |
09 Mar 1998 |
NA |
Current:3 |
|
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|
Previous |
11 Jun 1961 |
190 Broadway, |
19 Aug 2002 |
28 Feb 2003 |
Current:1 |
|
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|
Previous |
08 Jul 1939 |
15 Hamilton Drive, Radcliffe On Trent, |
09 Mar 1998 |
22 Sep 2004 |
Current:0 |
|
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|
Previous |
29 Jul 1946 |
40 Rayneham Road, |
09 Mar 1998 |
08 Nov 2001 |
Current:0 |
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Previous |
26 Aug 1951 |
Ford Cottage 17 Milton Road, Willen Village, |
03 Feb 1998 |
13 Feb 1998 |
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 |
|
|
Current |
09 Mar 1966 |
85 Arun Dale, Mansfield Woodhouse, |
23 Mar 2004 |
NA |
Current:6 |
|
|
|
Previous |
29 Jul 1946 |
40 Rayneham Road, |
13 Feb 1998 |
08 Nov 2001 |
Current:0 |
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Previous |
24 May 1952 |
70 High Road, Toton Beeston, |
31 Oct 2001 |
23 Mar 2004 |
Current:3 |
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Previous |
NA |
213 Harborough Road, Kingsthorpe, |
03 Feb 1998 |
13 Feb 1998 |
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 |
|
Congnoisette |
1000000 Ordinary GBP 1.00 |
Ordinary |
1,000,000 |
1.00 |
1,000,000.00 |
100.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Financials in: USD (mil) |
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Except for share items (millions) and per share
items (actual units) |
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|
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
31-Jul-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626063 |
0.637195 |
0.636663 |
0.500129 |
0.513635 |
|
Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
2.4 |
2.0 |
1.7 |
- |
- |
|
Turnover (Exports) |
21.6 |
18.6 |
17.7 |
- |
- |
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Total Turnover |
24.1 |
20.6 |
19.3 |
- |
- |
|
Cost of Sales |
12.2 |
10.9 |
10.3 |
- |
- |
|
Gross Profit |
11.8 |
9.6 |
9.0 |
9.6 |
7.9 |
|
Depreciation |
0.7 |
0.7 |
0.7 |
0.9 |
0.9 |
|
Other Expenses |
9.9 |
8.9 |
7.3 |
8.4 |
7.3 |
|
Operating Profit |
1.9 |
0.7 |
1.7 |
1.1 |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
0.2 |
0.1 |
0.1 |
0.2 |
0.2 |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit Before Taxes |
1.8 |
0.6 |
1.6 |
0.9 |
0.5 |
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Tax Payable / Credit |
0.1 |
0.2 |
0.4 |
0.4 |
0.2 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
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Profit After Taxes |
1.7 |
0.4 |
1.2 |
0.4 |
0.2 |
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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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Number of Employees |
117 |
112 |
111 |
117 |
121 |
|
Wages |
6.0 |
5.7 |
5.4 |
6.2 |
5.8 |
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Social Security Costs |
0.6 |
0.6 |
0.5 |
0.6 |
0.6 |
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Pensions |
0.3 |
0.0 |
0.0 |
0.0 |
0.1 |
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Other Pension Costs |
0.7 |
0.5 |
0.5 |
0.6 |
0.6 |
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Employees Remuneration |
7.3 |
6.7 |
6.4 |
7.4 |
6.9 |
|
Directors Emoluments |
0.3 |
0.8 |
0.8 |
0.8 |
0.8 |
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Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Directors Remuneration |
0.6 |
0.9 |
0.9 |
0.9 |
0.9 |
|
Highest Paid Director |
0.2 |
0.3 |
0.3 |
0.3 |
0.3 |
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Annual Balance Sheet |
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Financials in:
USD (mil) |
|
|
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
31-Jul-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.609199 |
0.638529 |
0.603191 |
0.504821 |
0.492114 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
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|
Land & Buildings |
0.6 |
0.6 |
0.6 |
0.8 |
0.8 |
|
Fixtures & Fittings |
0.6 |
0.5 |
0.6 |
0.7 |
0.6 |
|
Plant & Vehicles |
2.6 |
2.2 |
2.3 |
2.9 |
3.1 |
|
Total Tangible Fixed Assets |
3.8 |
3.3 |
3.5 |
4.4 |
4.6 |
|
Intangible Assets |
2.6 |
2.9 |
3.4 |
4.6 |
5.2 |
|
Investments |
2.3 |
2.1 |
2.2 |
2.6 |
2.7 |
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Total Fixed Assets |
8.7 |
8.2 |
9.1 |
11.6 |
12.4 |
|
Stocks |
2.0 |
0.9 |
1.4 |
1.2 |
1.7 |
|
Work in Progress |
0.4 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Total Stocks Work In Progress |
2.4 |
1.1 |
1.6 |
1.4 |
2.0 |
|
Trade Debtors |
3.5 |
2.8 |
2.8 |
3.0 |
3.0 |
|
Inter-Company Debtors |
7.6 |
5.2 |
3.9 |
1.0 |
1.0 |
|
Other Debtors |
0.4 |
0.4 |
0.4 |
0.7 |
0.5 |
|
Total Debtors |
11.5 |
8.3 |
7.1 |
4.7 |
4.6 |
|
Cash and Equivalents |
0.4 |
0.8 |
0.3 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
14.3 |
10.3 |
9.0 |
6.1 |
6.6 |
|
Total Assets |
23.0 |
18.5 |
18.1 |
17.7 |
19.0 |
|
Trade Creditors |
2.3 |
1.5 |
2.1 |
2.4 |
2.7 |
|
Bank Overdraft |
0.3 |
0.1 |
0.2 |
1.1 |
2.5 |
|
Inter-Company Creditors |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.1 |
0.3 |
0.1 |
0.2 |
0.3 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
2.2 |
1.9 |
1.8 |
1.5 |
1.2 |
|
Social Security/VAT |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Corporation Tax |
0.1 |
0.2 |
0.6 |
0.4 |
0.3 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
0.7 |
0.9 |
0.0 |
0.0 |
|
Total Current Liabilities |
5.6 |
4.9 |
5.9 |
5.9 |
7.3 |
|
Group Loans (Long Term Liability) |
2.2 |
2.1 |
2.2 |
2.6 |
2.7 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.1 |
0.4 |
0.3 |
0.1 |
|
Other Long Term Loans |
4.6 |
2.9 |
1.1 |
0.1 |
0.2 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
6.9 |
5.2 |
3.6 |
3.0 |
3.1 |
|
Deferred Taxation |
0.3 |
0.3 |
0.3 |
0.6 |
0.7 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.3 |
0.3 |
0.3 |
0.6 |
0.7 |
|
Issued Capital |
1.6 |
1.6 |
1.7 |
2.0 |
2.0 |
|
Share Premium Accounts |
3.9 |
3.7 |
3.9 |
4.7 |
4.8 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
4.7 |
2.9 |
2.6 |
1.6 |
1.2 |
|
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 |
10.3 |
8.1 |
8.2 |
8.3 |
8.0 |
|
Net Worth |
7.7 |
5.3 |
4.8 |
3.7 |
2.8 |
|
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Annual Cash Flows |
|
Financials in:
USD (mil) |
|
|
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
31-Jul-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626063 |
0.637195 |
0.636663 |
0.500129 |
0.513635 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.7 |
0.3 |
3.0 |
- |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.2 |
-0.1 |
-0.1 |
- |
- |
|
Taxation |
-0.2 |
-0.5 |
-0.3 |
- |
- |
|
Capital Expenditures |
-1.4 |
-0.4 |
-0.4 |
- |
- |
|
Acquisitions and Disposals |
-0.1 |
0.0 |
0.0 |
- |
- |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
- |
- |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
- |
- |
|
Net Cash Flow From Financing |
1.4 |
1.5 |
-2.2 |
- |
- |
|
Increase in Cash |
0.2 |
0.8 |
0.0 |
- |
- |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
31-Jul-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.609199 |
0.638529 |
0.603191 |
0.504821 |
0.492114 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
2.58 |
2.09 |
1.51 |
1.05 |
0.91 |
|
Liquidity Ratio |
2.14 |
1.86 |
1.25 |
0.80 |
0.63 |
|
Stock Turnover |
10.12 |
17.96 |
12.93 |
- |
- |
|
Credit Period (Days) |
51.54 |
49.06 |
50.27 |
- |
- |
|
Working Capital by Sales |
35.55% |
26.31% |
14.94% |
- |
- |
|
Trade Credit by Debtors |
0.67 |
0.54 |
0.75 |
0.79 |
0.89 |
|
Return on Capital |
10.40% |
4.43% |
14.24% |
7.78% |
4.80% |
|
Return on Assets |
7.89% |
3.25% |
9.58% |
5.20% |
2.96% |
|
Profit Margin |
7.34% |
2.94% |
8.51% |
- |
- |
|
Return on Shareholders Funds |
17.70% |
7.41% |
21.18% |
11.13% |
7.04% |
|
Borrowing Ratio |
98.23% |
104.36% |
82.55% |
116.49% |
207.81% |
|
Equity Gearing |
44.58% |
43.85% |
45.22% |
46.68% |
42.10% |
|
Debt Gearing |
89.60% |
96.57% |
76.36% |
80.66% |
108.26% |
|
Interest Coverage |
11.17 |
5.53 |
22.62 |
4.24 |
2.84 |
|
Sales by Tangible Assets |
6.52 |
6.29 |
5.81 |
- |
- |
|
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 |
0.2 |
0.2 |
0.2 |
- |
- |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
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 |
0.2 |
|
Employee Remuneration by Sales |
30.52% |
32.70% |
33.07% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
67.95 |
50.33 |
70.17 |
- |
- |
|
Creditor Days (Sales Based) |
34.51 |
26.70 |
37.48 |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
|
1 |
Rs.86.45 |
|
Euro |
1 |
Rs.68.04 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.