MIRA INFORM REPORT

 

 

Report Date :

22.08.2012

 

IDENTIFICATION DETAILS

 

Name :

STEMCOR UK LTD.

 

 

Registered Office :

Level 27, CityPoint, 1 Ropemaker Street, London, EC2Y 9ST

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

22.05.1951

 

 

Com. Reg. No.:

00495682

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

deals in the international distribution of steel and raw materials

 

 

No. of Employees :

95

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 & address 

 

Stemcor UK Ltd.

Level 27, CityPoint

1 Ropemaker Street

London, EC2Y 9ST

United Kingdom

Web:    www.stemcor.com

 

 

synthesis     

 

Employees:                   95

Company Type:             Private Subsidiary

Corporate Family:          66 Companies

Ultimate Parent:             Stemcor Holdings Ltd

Quoted Status:             Non-quoted Company

Incorporation Date:         22-May-1951

Auditor:                        Deloitte LLP     

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2011

Reporting Currency:       US Dollar

Annual Sales:               3,609.7  1

Net Income:                  0.7

Total Assets:                 1,042.7

 

 

Business Description     

 

Founded in 1951, Stemcor UK Ltd. deals in the international distribution of steel and raw materials. The company offers a range of billets, reinforcing bars, slabs, wire rods, tubes and pipes. It provides hot- and cold-rolled coils, sheets and plates. The company offers stainless steel and tin products. It supplies iron ores, pig iron, coke, coal, ferrous alloys and steel scrap to buyers for the production of steel. The company serves clients in the steel and automotive markets. It provides distribution and stockholding solutions to service centres and end users. The company offers marketing, banking and structural trade financing services to businesses and capital equipment suppliers. Additionally, it provides ocean and inland transportation and logistics solutions.

 

Industry             

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3322 - Metal and Mineral Wholesaling

NACE 2002:      5152 - Wholesale of metals and ores

NAICS 2002:     423520 - Coal and Other Mineral and Ore Merchant Wholesalers

UK SIC 2003:    5152 - Wholesale of metals and ores

US SIC 1987:    505 - Metals and Minerals, Except Petroleum

 

           

Key Executives   

 

Name

Title

Amanda Louise Phillips

Secretary

Antony David Barley

Director

Neil Cohen

Director

Anthony William Dixon

Director

Philip Martin Edmonds

Director

 

 

News   

 

 

Title

Date

Dannemora and Stemcor conclude long-term supply contract
Hugin (English) (204 Words)

14-Oct-2011

 

 

Financial Summary    

 

 

FYE: 31-Dec-2011

USD (mil)

Key Figures

 

Current Assets

1,042.69

Fixed Assets

0.0000

Total Liabilities

979.09

Net Worth

61.38

 

Key Ratios

 

Current Ratio

1.06

Acid Test

0.97

Debt Gearing

3.62

 

 

 

 

Registered No.(UK):       00495682

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

Level 27, CityPoint

1 Ropemaker Street

London, EC2Y 9ST

London County

United Kingdom

Web:    www.stemcor.com

           

Sales USD(mil):             3,609.7

Assets USD(mil):           1,042.7

Employees:                   95

Fiscal Year End:            31-Dec-2011

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

Citypoint One Ropemaker Street

London, EC2Y 9ST

United Kingdom

 

Incorporation Date:         22-May-1951

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       00495682

Secretary:                     Amanda Louise Phillips

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3322     -          Metal and Mineral Wholesaling

 

NACE 2002 Codes:

5152     -          Wholesale of metals and ores

 

NAICS 2002 Codes:

423520  -          Coal and Other Mineral and Ore Merchant Wholesalers

 

US SIC 1987:

505       -          Metals and Minerals, Except Petroleum

 

UK SIC 2003:

5152     -          Wholesale of metals and ores

 

Business Description

Founded in 1951, Stemcor UK Ltd. deals in the international distribution of steel and raw materials. The company offers a range of billets, reinforcing bars, slabs, wire rods, tubes and pipes. It provides hot- and cold-rolled coils, sheets and plates. The company offers stainless steel and tin products. It supplies iron ores, pig iron, coke, coal, ferrous alloys and steel scrap to buyers for the production of steel. The company serves clients in the steel and automotive markets. It provides distribution and stockholding solutions to service centres and end users. The company offers marketing, banking and structural trade financing services to businesses and capital equipment suppliers. Additionally, it provides ocean and inland transportation and logistics solutions.

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

3,609.7

Net Income:

0.7

Assets:

1,042.7

Current Assets:

1,042.7

 

Fixed Assets:

0.0

 

Long Term Debt:

2.2

 

Total Liabilities:

981.3

 

Issued Capital:

4.8

 

Working Capital:

63.6

 

Net Worth:

61.4

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

17.3%

NA

NA

 

Key Corporate Relationships

Auditor:

Deloitte LLP

Bank:

Bnp Paribas (Suisse) Sa

 

Auditor:

Deloitte LLP

 

 

 

USD(mil)

Audit Fees:

0.2

Non Audit Fees:

0.0

Audit Fiscal Year:

12-31-2011

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Stemcor Holdings Ltd
Stemcor UK Ltd.

Stemcor UK Ltd. 
Total Corporate Family Members: 66 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Stemcor Holdings Ltd

Parent

London

United Kingdom

Miscellaneous Fabricated Products

7,939.2

1,860

Barclay & Mathieson Ltd.

Subsidiary

Glasgow

United Kingdom

Construction - Supplies and Fixtures

88.9

183

Barclay & Mathieson Ltd.

UK Branch/Trading address

Nottingham

United Kingdom

Miscellaneous Capital Goods

88.9

25

Barclay & Mathieson Ltd.

UK Branch/Trading address

Aberdeen

United Kingdom

Miscellaneous Capital Goods

88.9

20

Barclay & Mathieson Ltd.

UK Branch/Trading address

Sheffield

United Kingdom

Miscellaneous Capital Goods

88.9

11

Barclay & Mathieson Ltd.

UK Branch/Trading address

Peterborough

United Kingdom

Miscellaneous Capital Goods

88.9

10

Clydeside Steel Fabrications Ltd.

Subsidiary

Glasgow

United Kingdom

Construction - Supplies and Fixtures

0.9

7

B & M Steel Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Tatham Miller Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Liverpool Steel Services Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Tatham Steels Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Stemcor (South Africa) (Pty) Ltd

Subsidiary

Sandton

South Africa

Miscellaneous Capital Goods

 

120

Stemcor Holdings Ltd

Subsidiary

Pathumwan, Bangkok

Thailand

Miscellaneous Capital Goods

 

100

Stemcor UK Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

3,609.7

95

Steel Plate And Sections Ltd.

Subsidiary

Sutton Coldfield

United Kingdom

Personal Services

81.9

71

Steel Plate & Sections Ltd.

UK Branch/Trading address

Glasgow

United Kingdom

Miscellaneous Capital Goods

81.9

20

Stemcor (S.E.A.) Pte Ltd

Subsidiary

Singapore

Singapore

Miscellaneous Capital Goods

1,748.1

40

Stemcor (S.E.A.) PTE Ltd.

Subsidiary

Singapore

Singapore

Construction - Supplies and Fixtures

 

40

Stemcor Special Steels Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

19.6

38

Stemcor USA Inc.

Subsidiary

New York, NY

United States

Construction - Supplies and Fixtures

171.0

35

Stemcor Australia Pty Limited

Subsidiary

North Sydney, NSW

Australia

Miscellaneous Capital Goods

387.7

30

Eurosteel Products Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

267.8

29

Stainless Imports Ltd.

Subsidiary

London

United Kingdom

Iron and Steel

5.7

 

Stemcor Dis Ticaret Ltd. STI

Subsidiary

Istanbul

Turkey

Construction - Supplies and Fixtures

 

25

Stemcor Italia Srl

Subsidiary

Sesto San Giovanni, MI

Italy

Miscellaneous Capital Goods

119.4

20

Stemcor MESA DMCC

Subsidiary

Dubai

United Arab Emirates

Miscellaneous Capital Goods

 

19

Eurosteel (Portugal) Comercio Internacional LDA

Subsidiary

Lisbon

Portugal

Construction - Supplies and Fixtures

 

17

Stemcor France SAS

Subsidiary

Paris

France

Miscellaneous Capital Goods

75.8

14

Stemcor Steel, S.L.

Subsidiary

Madrid

Spain

Construction - Supplies and Fixtures

 

11

Steelteam Oy AB

Subsidiary

Helsinki

Finland

Miscellaneous Capital Goods

34.0

10

Stemcor Aceros Especiales SL

Subsidiary

Derio, Bizkaia

Spain

Miscellaneous Capital Goods

12.4

 

Thomas & Sons Ltd.

Subsidiary

Port of Spain

Trinidad and Tobago

Construction - Supplies and Fixtures

 

 

L.W. Lambourn Nigeria Ltd.

Subsidiary

Lagos

Nigeria

Construction - Supplies and Fixtures

 

 

Estac Industrial Agencies Ltd.

Subsidiary

Kingston

Jamaica

Construction - Supplies and Fixtures

 

 

Second Link Steel Co. Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

L. W. Lambourn & Co. Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Stemcor Europe Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Eurosteel Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Vanesco Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Link Steel Co. Ltd. (The)

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Eurosteel Uk Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Ready Steel Uk Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Stemcor Chile S.L.

Subsidiary

Santiago

Chile

Miscellaneous Capital Goods

 

 

Stemcor Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

 

 

Stemcor Trade Finance Ltd.

Subsidiary

London

United Kingdom

Commercial Banks

46.6

17

Stemcor Plate Holdings Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Stemcor Pellets Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Stemcor Capital Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Stemcor Trading Services Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

S. D. G. Ltd.

Subsidiary

Bedford

United Kingdom

Business Services

 

 

Stemcor Shipping Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Stemcor Investments Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Samac Agency Ltd.

Subsidiary

London

United Kingdom

Business Services

 

 

Samac Steel Supplies PLC

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

163.8

12

Samac Agency Ltd

UK Branch/Trading address

Wembley

United Kingdom

Business Services

 

 

Stemcor Engineering Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Eurometal Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Stemcor Steel Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

Phoenix Maritime Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

 

Stemcor Financial Services Ltd.

Subsidiary

London

United Kingdom

Investment Services

 

 

Stemcor (Contistahl) Beijing Ltd

Subsidiary

Beijing

China

Miscellaneous Capital Goods

 

 

Stemcor Pacific Limited

Subsidiary

Wan Chai

Hong Kong

Miscellaneous Capital Goods

 

 

Stemcor Japan Ltd

Subsidiary

Tokyo

Japan

Miscellaneous Capital Goods

 

 

Stemcor Shanghai Limited

Subsidiary

Shanghai

China

Miscellaneous Capital Goods

 

 

Stemcor GmbH

Subsidiary

Dusseldorf

Germany

Construction - Supplies and Fixtures

 

 

Alphasteel Sales Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

 

Antony David Barley

 

Director

Director/Board Member

 

Age: 43

 

Neil Cohen

 

Director

Director/Board Member

 

 

Age: 38

 

Anthony William Dixon

 

Director

Director/Board Member

 

 

Age: 46

 

Philip Martin Edmonds

 

Director

Director/Board Member

 

 

Age: 49

 

David Michael Faktor

 

Director

Director/Board Member

 

 

Age: 51

 

Michael Ivor Gaylard

 

Director

Director/Board Member

 

 

Age: 50

 

Wendy Alison Giles

 

Director

Director/Board Member

 

 

Age: 50

 

Daniel Grossman

 

Director

Director/Board Member

 

 

Age: 43

 

Ralph David Oppenheimer

 

Director

Director/Board Member

 

 

Age: 71

 

Education:

London School of Economics
Oxford University

 

Richard John Sands

 

Director

Director/Board Member

 

 

Age: 56

 

Tony Smith

 

Director

Director/Board Member

 

 

Age: 40

 

Richard Norman Thomas

 

Director

Director/Board Member

 

 

Age: 54

 

Social: 

 

Executives

 

Name

Title

Function

 

Amanda Louise Phillips

 

Secretary

Company Secretary

 

Age: 38

 

 

 

Directors and Shareholders Report

Main Office Address:
Level 27, CityPoint
1 Ropemaker Street
London
United Kingdom EC2Y 9ST

URL:http://www.stemcor.com

Annual Return Date: 11 Jul 2011
Total Issued Capital (GBP 000):4,750

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Daniel 
Grossman

Current

01 Oct 1968

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

14 May 2008

NA

Current:1
Previous:0
Disqualifications:0

 

Tony 
Smith

Current

14 May 1972

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

14 May 2008

NA

Current:1
Previous:0
Disqualifications:0

 

Neil 
Cohen

Current

17 Jan 1974

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

14 May 2008

NA

Current:1
Previous:0
Disqualifications:0

 

Michael Ivor 
Gaylard

Current

20 Oct 1961

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

25 Jan 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Ralph David 
Oppenheimer

Current

27 Jan 1941

Level 27 Citypoint 1 Ropemaker Street, 
London , London EC2Y 9ST

11 Jul 1991

NA

Current:11
Previous:16
Disqualifications:0

 

Philip Martin
Edmonds

Current

31 Aug 1962

29D Spiegelbergstrasse,
Walchwil

01 Jun 1994

NA

Current:4
Previous:6
Disqualifications:0

 

Richard John 
Sands

Current

17 Jul 1956

42 Tring Avenue,
London , London W5 3QB

14 May 2008

NA

Current:1
Previous:4
Disqualifications:0

 

David Michael 
Faktor

Current

28 Nov 1960

Floor 27 City Point, One Ropemaker Street, 
London , London EC2Y 9ST

01 Jan 1999

NA

Current:4
Previous:1
Disqualifications:0

 

Anthony William 
Dixon

Current

26 Apr 1966

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

10 Jan 2003

NA

Current:1
Previous:0
Disqualifications:0

 

Antony David 
Barley

Current

11 Nov 1968

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

09 Jan 2003

NA

Current:2
Previous:0
Disqualifications:0

 

Wendy Alison 
Giles

Current

27 Dec 1961

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

09 Jan 2003

NA

Current:2
Previous:0
Disqualifications:0

 

Richard Norman 
Thomas

Current

04 Dec 1957

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

01 Jan 1997

NA

Current:1
Previous:0
Disqualifications:0

 

Trevor 
Campbell-Smith

Previous

10 Jul 1946

12 West Drive, Cheam, 
Sutton, London SM2 7NA

NA

03 Mar 1994

Current:1
Previous:9
Disqualifications:0

 

William John
Attenborough

Previous

10 Jul 1952

32 Monterey Court, Varndean Drive, 
Brighton, East Sussex BN1 6TE

11 Jul 1991

17 Jan 2003

Current:0
Previous:2
Disqualifications:0

 

David John 
Paul

Previous

14 Oct 1949

Level 27 Citypoint 1 Ropemaker Street, 
London , London EC2Y 9ST

01 Sep 1991

30 Apr 2012

Current:4
Previous:36
Disqualifications:0

 

Alan Ernest John 
Williams

Previous

27 Mar 1943

Wood Hatch Cotchford Lane, Upper Hartfield, 
Hartfield, East Sussex TN7 4DN

11 Jul 1991

NA

Current:0
Previous:5
Disqualifications:0

 

John Peter 
Stanners

Previous

24 Dec 1942

Ashling, 23 Carbone Hill, 
Potters Bar, Hertfordshire EN6 4PJ

09 Feb 1993

09 Sep 2002

Current:0
Previous:1
Disqualifications:0

 

Hans Jurgen 
Domnick

Previous

25 Mar 1938

21 Warren Avenue, 
Richmond, Surrey TW10 5DZ

02 Jan 1996

10 Sep 1999

Current:0
Previous:1
Disqualifications:0

 

Stephen Charles 
Lewis

Previous

03 Sep 1959

North Brook Hayton Lane, Appleby, 
Scunthorpe, South Humberside DN15 0AP

NA

08 Mar 1996

Current:1
Previous:4
Disqualifications:0

 

Robert Andrew 
Marr

Previous

23 Sep 1965

William Reed Group Broadfield Park, 
Crawley, West Sussex RH11 9RT

16 Oct 1995

23 Sep 1999

Current:0
Previous:6
Disqualifications:0

 

Martin Thomas 
Pryor

Previous

20 Dec 1952

Glenhurst House The Hockering, 
Woking, Surrey GU22 7HL

NA

10 Jul 1997

Current:0
Previous:7
Disqualifications:0

 

Herbert 
Edmonds

Previous

24 Jul 1930

Firbank 3 Oldfield Road, 
Bromley, Kent BR1 2LE

11 Jul 1991

31 Jul 2000

Current:0
Previous:13
Disqualifications:0

 

John Cherrington 
Mainwaring

Previous

05 May 1953

Grooms Cottage, Icehouse Wood, 
Oxted, Surrey RH8 9DW

05 Jun 2002

25 Jan 2010

Current:1
Previous:1
Disqualifications:0

 

Anthony Rupert 
Zeederberg

Previous

11 Dec 1947

145A Hadlow Road, 
Tonbridge, Kent TN9 1QE

09 Jan 2003

26 Sep 2007

Current:0
Previous:1
Disqualifications:0

 

Peter 
Faulkner

Previous

12 May 1961

34 Micklethwaite Road, 
London , London SW6 1QD

21 Jul 1997

10 Jan 2003

Current:0
Previous:1
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

 

Amanda Louise 
Phillips

Current

NA

Citypoint One Ropemaker Street, 
London , London EC2Y 9ST

12 Jul 2011

NA

Current:1
Previous:0
Disqualifications:0

 

Brian 
Levine

Previous

09 Sep 1966

Hanover House, 14 Hanover Square, 
London , London W1S 1HP

10 Dec 1996

14 Jul 2000

Current:2
Previous:34
Disqualifications:0

 

Andrew Stanley 
Goldsmith

Previous

NA

Floor 27 City Point, One Ropemaker Street, 
London , London EC2Y 9ST

19 May 2010

12 Jul 2011

Current:0
Previous:1
Disqualifications:0

 

David John 
Paul

Previous

14 Oct 1949

Level 27 Citypoint 1 Ropemaker Street, 
London , London EC2Y 9ST

14 Jul 2000

21 Jun 2001

Current:4
Previous:36
Disqualifications:0

 

Andrew Stanley 
Goldsmith

Previous

27 Oct 1963

84 Greenwich South Street, 
London , London SE10 8UN

21 Jun 2001

15 Nov 2006

Current:19
Previous:20
Disqualifications:0

 

Alan Derek 
Kaizer

Previous

02 Jul 1942

61 Middleton Gardens, Gants Hill, 
Ilford, Essex IG2 6DX

11 Jul 1991

10 Dec 1996

Current:0
Previous:36
Disqualifications:0

 

Amanda Louise 
Phillips

Previous

27 Mar 1974

32 Karina Close, 
Chigwell, Essex IG7 4EN

15 Nov 2006

18 May 2010

Current:14
Previous:53
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

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

Stemcor Holdings Ltd

01038435

4750000 Ordinary GBP 1.00

Ordinary

4,750,000

1.00

4,750,000.00

100.00

 

 

 

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

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Turnover

3,609.7

3,077.5

2,203.8

3,673.1

2,184.8

Cost of Sales

3,569.5

3,045.2

2,172.4

3,585.1

2,121.9

Gross Profit

40.2

32.3

31.3

88.0

62.9

Other Expenses

27.0

22.7

20.4

47.1

26.3

Operating Profit

13.2

9.6

10.9

-

-

Other Income

6.2

1.4

2.3

17.3

17.7

Interest Paid

17.9

10.2

9.3

34.4

38.3

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

1.5

0.9

4.0

23.9

16.0

Tax Payable / Credit

0.8

0.7

1.0

6.9

4.9

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

0.0

6.0

Profit After Taxes

0.7

0.2

3.0

16.9

5.0

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.2

0.2

0.2

0.2

0.2

Non Audit Fees

0.0

-

-

-

0.0

Number of Employees

95

90

79

69

68

Wages

15.1

10.6

10.4

28.5

13.3

Social Security Costs

1.1

0.8

1.2

0.9

0.8

Pensions

0.2

-

-

-

0.2

Other Pension Costs

0.8

0.7

0.6

0.7

0.6

Employees Remuneration

17.1

12.1

12.2

30.0

14.8

Directors Emoluments

-

-

-

-

2.8

Other Costs

3.2

-

-

-

0.0

Directors Remuneration

3.4

3.5

5.1

3.2

3.0

Highest Paid Director

0.5

0.6

0.9

0.6

0.6

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.0

0.0

0.0

0.0

0.0

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

0.0

0.0

0.0

0.0

0.0

Total Tangible Fixed Assets

0.0

0.0

0.0

0.0

0.0

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.0

0.0

0.0

0.0

0.0

Stocks

90.5

39.0

12.8

2.9

-

Work in Progress

0.0

0.0

0.0

0.0

-

Total Stocks Work In Progress

90.5

39.0

12.8

2.9

1.6

Trade Debtors

349.0

330.5

211.0

229.5

257.9

Inter-Company Debtors

206.5

75.0

89.0

196.3

486.8

Other Debtors

359.0

384.9

199.5

135.8

288.4

Total Debtors

914.6

790.4

499.6

561.6

1,033.1

Cash and Equivalents

17.6

5.7

18.9

65.0

126.0

Other Current Assets

19.9

19.9

0.0

0.0

0.0

Total Current Assets

1,042.7

855.1

531.3

629.5

1,160.7

Total Assets

1,042.7

855.1

531.3

629.5

1,160.7

Trade Creditors

32.9

39.1

40.2

48.5

143.9

Bank Overdraft

523.6

539.8

225.6

194.5

804.7

Inter-Company Creditors

309.8

111.7

88.9

183.4

58.6

Accruals/Deferred Income (Current Liability)

32.5

37.3

49.8

67.7

67.3

Corporation Tax

-

-

0.9

21.6

14.6

Other Current Liabilities

80.3

61.9

54.4

37.2

18.4

Total Current Liabilities

979.1

789.8

459.9

552.9

1,107.6

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

2.2

4.6

10.9

19.1

12.6

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

2.2

4.6

10.9

19.1

12.6

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

7.2

7.2

7.2

7.2

7.2

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

54.2

53.5

53.3

50.3

33.4

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

61.4

60.7

60.5

57.5

40.6

Net Worth

61.4

60.7

60.5

57.5

40.6

 

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

USD

USD

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

1

1

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

USD

USD

USD

USD

USD

Exchange Rate

1

1

1

1

1

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.06

1.08

1.16

1.14

1.05

Liquidity Ratio

0.97

1.03

1.13

1.13

1.05

Stock Turnover

39.87

78.86

171.63

1,273.18

1,337.89

Credit Period (Days)

35.29

39.19

34.95

22.81

43.09

Working Capital by Sales

1.76%

2.12%

3.24%

2.08%

2.43%

Trade Credit by Debtors

0.09

0.12

0.19

0.21

0.56

Return on Capital

2.29%

1.32%

5.57%

31.18%

29.99%

Return on Assets

0.14%

0.10%

0.75%

3.79%

1.37%

Profit Margin

0.04%

0.03%

0.18%

0.65%

0.73%

Return on Shareholders Funds

2.38%

1.41%

6.57%

41.52%

39.31%

Borrowing Ratio

1,361.55%

1,081.36%

537.91%

690.39%

2,158.92%

Equity Gearing

5.89%

7.10%

11.39%

9.13%

3.50%

Debt Gearing

3.62%

7.54%

18.02%

33.17%

31.08%

Interest Coverage

0.08

0.08

0.43

0.69

0.42

Average Remuneration per Employee

0.2

0.1

0.2

0.4

0.2

Profit per Employee

0.0

0.0

0.1

0.3

0.2

Sales per Employee

38.0

34.2

27.9

53.2

32.1

Capital Employed per Employee

0.7

0.7

0.9

1.1

0.8

Total Assets per Employee

11.0

9.5

6.7

9.1

17.1

Employee Remuneration by Sales

0.47%

0.39%

0.55%

0.82%

0.68%

Creditor Days (Cost of Sales Based)

3.36

4.68

6.76

4.94

24.76

Creditor Days (Sales Based)

3.32

4.63

6.67

4.82

24.04

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.54

UK Pound

1

Rs.87.39

Euro

1

Rs.68.72

 

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%)

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.