MIRA INFORM REPORT
|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
WILLIAMSON-DICKIE EUROPE LTD. |
|
|
|
|
Registered Office : |
Second Avenue,
Westfield, Trading Estate, Midsomer Norton, Radstock, BA3 4BH |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
30.09.1983 |
|
|
|
|
Reg. No.: |
01757853 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Manufactures and supplies workwear to various customers,
including factories, health care |
|
|
|
|
No. of Employees : |
247 |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United Kingdom - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).
|
Source : CIA |
Company
name and address
WILLIAMSON-DICKIE EUROPE LTD.
Second Avenue
Westfield Trading Estate
Midsomer Norton
Radstock, BA3 4BH
United Kingdom
(Trading Address)
Tel: 01761419419
Fax: 01761414825
Website: www.dickiesworkwear.com
Employees: 247
Company Type: Private
Subsidiary
Corporate Family: 18 Companies
Ultimate Parent: Williamson-Dickie
Mfg Co
Quoted Status: Non-quoted
Company
Incorporation Date: 30-Sep-1983
Auditor: PricewaterhouseCoopers
LLP
Financials in: USD
(In Millions)
Fiscal Year End: 31-Dec-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 86.6
1
Net Income: 2.8
Total Assets: 49.7
Business
Description
Dickies (UK) Ltd. manufactures and supplies workwear to
various customers, including factories, health care and corporate throughout
the United Kingdom. The company manufactures a wide range of protective wear,
outdoor wear, country wear, and every day wear. It offers a broad range of
coveralls, uniforms, trousers and coats with a large choice of colours and
sizes and styles. Dickies (UK) Ltd additionally manufactures a wide variety of
working footwear for its clients. (Updated by OneSource Information Services)
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
1824 -
Manufacture of other wearing apparel and accessories not elsewhere classified
|
|
NAICS 2002: |
|
|
UK SIC 2003: |
1824 -
Manufacture of other wearing apparel and accessories not elsewhere classified
|
|
UK SIC 2007: |
1419 - Manufacture
of other wearing apparel and accessories n.e.c. |
|
US SIC 1987: |
Key
Executives
|
Name |
Title |
|
Managing Director |
|
|
Sharon Goodwin |
Marketing Executive |
|
Christine Dark |
Secretary to the Directors |
|
Clive Mills |
Information Technology Manager |
|
Jenny Tibbs |
Buyer |
News
|
Title |
Date |
|
DICKIES AWARD
RACESAFE BSB MARSHAL OF THE YEAR |
8-Nov-2012 |
|
NEW AWARD
TO RECOGNISE BRITISH SUPERBIKE MARSHALS |
24-Oct-2012 |
|
Cintas Wins
"Best Stock Design" at the 2012 Professional Clothing Awards |
31-Aug-2012 |
|
DICKIES
ACHIEVES BSI FOR ENVIRONMENTAL AND QUALITY MANAGAMENT |
8-Aug-2012 |
Financial
Summary
|
FYE: 31-Dec-2011 |
USD (mil) |
|
Key Figures |
|
|
Current Assets |
39.68 |
|
Fixed Assets |
10.03 |
|
Total Liabilities |
18.86 |
|
Net Worth |
30.03 |
|
Key Ratios |
|
|
Current Ratio |
2.10 |
|
Acid Test |
1.01 |
Registered No.(UK): 01757853
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6434593
Location
Second Avenue
Westfield Trading Estate
Midsomer Norton
Radstock, BA3 4BH
Avon County
United Kingdom
Tel: 01761419419
Fax: 01761414825
Website: www.dickiesworkwear.com
Sales GBP(mil): 54.0
Assets GBP(mil): 32.0
Employees: 247
Fiscal Year End: 31-Dec-2011
Industry: Apparel
and Accessories
Registered Address:
Second Avenue
Westfield Trading Estate
Midsomer Norton
Radstock, BA3 4BH
United Kingdom
Incorporation Date: 30-Sep-1983
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Previous Name: Dickies
(UK) Ltd
Registered No.(UK): 01757853
Managing Director: Richard
Chilcott
|
ANZSIC 2006 Codes: |
||
|
1351 |
- |
Clothing Manufacturing |
|
NACE 2002 Codes: |
||
|
1824 |
- |
Manufacture of other wearing apparel and accessories not
elsewhere classified |
|
NAICS 2002 Codes: |
||
|
31599 |
- |
Apparel Accessories and Other Apparel Manufacturing |
|
US SIC 1987: |
||
|
2389 |
- |
Apparel and Accessories, Not Elsewhere Classified |
|
UK SIC 2003: |
||
|
1824 |
- |
Manufacture of other wearing apparel and accessories not
elsewhere classified |
|
UK SIC 2007: |
||
|
1419 |
- |
Manufacture of other wearing apparel and accessories
n.e.c. |
Dickies (UK) Ltd. manufactures and supplies workwear to various customers, including factories, health care and corporate throughout the United Kingdom. The company manufactures a wide range of protective wear, outdoor wear, country wear, and every day wear. It offers a broad range of coveralls, uniforms, trousers and coats with a large choice of colours and sizes and styles. Dickies (UK) Ltd additionally manufactures a wide variety of working footwear for its clients. (Updated by OneSource Information Services)
More
Business Descriptions
Sourcing, design, manufacture and distribution of a branded
range of leisurewear, footwear, workwear and weatherwear
Workwear Hire
|
Financials in: |
GBP(mil) |
1 Year Growth |
|
Revenue: |
54.0 |
20.3% |
|
Net Income: |
1.7 |
NA |
|
Assets: |
32.0 |
NA |
|
Current Assets: |
25.5 |
|
|
Fixed Assets: |
6.5 |
|
|
Long Term Debt: |
0.0 |
|
|
Total Liabilities: |
12.1 |
|
|
Issued Capital: |
0.1 |
|
|
Working Capital: |
13.4 |
|
|
Net Worth: |
19.3 |
|
|
Date of Financial Data: |
31-Dec-2011 |
|
Auditor: |
PricewaterhouseCoopers LLP |
|
Bank: |
Hsbc Bank PLC |
|
Auditor: |
PricewaterhouseCoopers LLP, PricewaterhouseCoopers LLP |
|
GBP(mil) |
|
|
Audit Fees: |
0.0 |
|
Non Audit Fees: |
0.0 |
|
Audit Fiscal Year: |
12-31-2011 |
Corporate Structure News:
Williamson-Dickie
Europe Ltd.
Total Corporate Family Members: 18
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Fort Worth, TX |
United States |
Apparel and Accessories |
1,100.0 |
4,160 |
|
|
Subsidiary |
Oxnard, CA |
United States |
Apparel and Accessories |
500 |
||
|
Branch |
College Park, GA |
United States |
Apparel and Accessories |
2.3 |
30 |
|
|
Branch |
Oxnard, CA |
United States |
Retail (Apparel) |
0.6 |
4 |
|
|
Branch |
Sugar Land, TX |
United States |
Retail (Apparel) |
0.4 |
3 |
|
|
Subsidiary |
Radstock |
United Kingdom |
Apparel and Accessories |
145.0 |
452 |
|
|
Subsidiary |
Radstock |
United Kingdom |
Apparel and Accessories |
86.6 |
247 |
|
|
Branch |
Orlando, FL |
United States |
Miscellaneous Fabricated Products |
1.2 |
7 |
|
|
Branch |
Fort Worth, TX |
United States |
Retail (Apparel) |
1.2 |
7 |
|
|
Branch |
New York, NY |
United States |
Apparel and Accessories |
13.0 |
5 |
|
|
Branch |
San Marcos, TX |
United States |
Retail (Specialty) |
1.2 |
5 |
|
|
Branch |
Las Vegas, NV |
United States |
Retail (Specialty) |
1.2 |
5 |
|
|
Branch |
Lancaster, PA |
United States |
Retail (Apparel) |
0.5 |
3 |
|
|
Branch |
Hazelwood, MO |
United States |
Retail (Apparel) |
0.4 |
3 |
|
|
Branch |
Foley, AL |
United States |
Retail (Apparel) |
0.3 |
2 |
|
|
KODIAK Group Inc |
Subsidiary |
|||||
|
Branch |
Waterloo, ON |
Canada |
Retail (Apparel) |
1.3 |
7 |
|
|
Branch |
Cambridge, ON |
Canada |
Retail (Apparel) |
1.2 |
6 |
Board
of Directors
|
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|
|||
|
Director |
Director/Board Member |
|||
|
|||||
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Merchandising Director |
Director/Board Member |
|||
|
|||||
|
Director |
Director/Board Member |
|||
|
|||||
|
Director |
Director/Board Member |
|||
|
|||||
|
Director |
Director/Board Member |
|||
|
|||||
|
Director |
Director/Board Member |
|||
|
|||||
Executives
|
|
|
|||
|
Managing Director |
Managing Director |
|||
|
|||||
|
Operations Director |
Operations Executive |
|||
|
Secretary to the Directors |
Company Secretary |
|||
|
Secretary |
Company Secretary |
|||
|
|||||
|
Payroll/Wages Officer |
Benefits & Compensation Executive |
|||
|
HR Manager |
Human Resources Executive |
|||
|
Customer Services Manager |
Customer Service Executive |
|||
|
Marketing Executive |
Marketing Executive |
|||
|
Brand/Product Manager |
Marketing Executive |
|||
|
Information Technology Manager |
Information Executive |
|||
|
Merchandising Director |
Merchandise Management Executive |
|||
|
|||||
|
Buyer |
Purchasing Executive |
|||
|
Head of Site Maintenance |
Other |
|||
Directors and Shareholders Report
Main Office Address:
Second Avenue
Westfield Trading Estate
Radstock
United Kingdom BA3 4BH
Tel: 01761419419
Fax: 01761414825
URL: http://www.dickiesworkwear.com
Annual Return Date: 10 Oct 2012
Total Issued Capital (GBP 000): 88
|
Individual Directors |
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
|
Current |
12 Apr 1962 |
319 Lipscomb Street, |
10 Oct 1991 |
NA |
Current:2 |
||
|
Current |
05 Oct 1949 |
The Wicketts, Wilton Orchard, |
01 Jan 1993 |
NA |
Current:4 |
||
|
Current |
22 Sep 1964 |
Maristow Cottage 28 Reybridge, Lacock, |
01 Jan 2009 |
NA |
Current:1 |
||
|
Current |
15 Aug 1953 |
9 Holm Close, |
01 Sep 2007 |
NA |
Current:1 |
||
|
Current |
11 Oct 1963 |
Staples Hill House, 9A Staples Hill Freshford, |
19 Jun 2007 |
NA |
Current:2 |
||
|
Current |
19 Nov 1959 |
Holmlea, Dulcote, |
01 Sep 1999 |
NA |
Current:1 |
||
|
Current |
04 Dec 1955 |
Cartways High Street, Keinton Mandeville, |
01 Sep 1999 |
NA |
Current:1 |
||
|
Previous |
04 Oct 1949 |
2012 Hawthorne, |
10 Oct 1991 |
27 Jan 1997 |
Current:0 |
||
|
Previous |
27 Mar 1951 |
Grayshells Ashcott Road, Meare, |
10 Oct 1991 |
30 Jun 2005 |
Current:0 |
||
|
Previous |
01 Oct 1952 |
319 Lipscombe Fort Worth, Texas 76104, |
23 Mar 1994 |
08 Jan 2001 |
Current:0 |
||
|
Previous |
09 Apr 1936 |
The Old Coach House, Henley Lane, |
10 Oct 1991 |
31 Dec 1992 |
Current:0 |
||
|
Previous |
16 Aug 1947 |
4 Helston Road, Pine Grove Nailsea, |
10 Oct 1991 |
31 Aug 2007 |
Current: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 |
|
|
Current |
05 Oct 1949 |
The Wicketts, Wilton Orchard, |
10 Oct 1991 |
NA |
Current:4 |
||
|
Previous |
01 Oct 1952 |
319 Lipscombe Fort Worth, Texas 76104, |
23 Mar 1994 |
08 Jan 2001 |
Current: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 |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
04128248 |
88250 Ordinary GBP 1.00 |
Ordinary |
88,250 |
1.00 |
88,250.00 |
100.00 |
|
News
|
DICKIES
AWARD RACESAFE BSB MARSHAL OF THE YEAR |
08-Nov-2012 |
|
NEW AWARD
TO RECOGNISE BRITISH SUPERBIKE MARSHALS |
24-Oct-2012 |
|
Cintas Wins
"Best Stock Design" at the 2012 Professional Clothing Awards |
31-Aug-2012 |
|
DICKIES
ACHIEVES BSI FOR ENVIRONMENTAL AND QUALITY MANAGAMENT |
08-Aug-2012 |
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 |
86.6 |
69.3 |
55.8 |
72.8 |
68.3 |
|
Cost of Sales |
60.3 |
53.5 |
41.8 |
53.9 |
48.9 |
|
Gross Profit |
26.2 |
15.8 |
14.0 |
18.9 |
19.3 |
|
Depreciation |
0.6 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Other Expenses |
22.3 |
14.1 |
12.1 |
13.4 |
12.7 |
|
Operating Profit |
3.9 |
1.6 |
1.9 |
5.5 |
6.6 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.3 |
0.4 |
|
Interest Paid |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
3.8 |
1.6 |
1.9 |
5.8 |
7.0 |
|
Tax Payable / Credit |
1.1 |
0.3 |
0.4 |
1.5 |
1.9 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
2.8 |
1.3 |
1.5 |
4.3 |
5.1 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
247 |
233 |
190 |
228 |
207 |
|
Wages |
8.4 |
7.8 |
6.1 |
7.6 |
7.8 |
|
Social Security Costs |
0.8 |
0.8 |
0.6 |
0.7 |
0.7 |
|
Pensions |
- |
0.1 |
0.2 |
- |
- |
|
Other Pension Costs |
0.6 |
0.2 |
0.3 |
0.6 |
0.6 |
|
Employees Remuneration |
9.8 |
8.7 |
7.0 |
8.9 |
9.1 |
|
Directors Emoluments |
- |
1.7 |
- |
- |
- |
|
Other Costs |
- |
0.0 |
1.5 |
- |
- |
|
Directors Remuneration |
2.3 |
1.8 |
1.7 |
2.0 |
2.2 |
|
Highest Paid Director |
0.9 |
0.7 |
0.7 |
0.8 |
0.7 |
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 |
7.8 |
5.3 |
5.7 |
5.2 |
6.9 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
1.6 |
1.1 |
0.9 |
0.6 |
0.8 |
|
Total Tangible Fixed Assets |
9.3 |
6.4 |
6.5 |
5.7 |
7.7 |
|
Intangible Assets |
0.7 |
1.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
10.0 |
7.4 |
6.5 |
5.7 |
7.7 |
|
Stocks |
20.6 |
21.1 |
10.8 |
14.0 |
14.5 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
20.6 |
21.1 |
10.8 |
14.1 |
14.5 |
|
Trade Debtors |
14.8 |
15.5 |
14.7 |
11.3 |
15.2 |
|
Inter-Company Debtors |
0.3 |
0.0 |
1.9 |
0.2 |
0.3 |
|
Director Loans |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Debtors |
2.4 |
1.9 |
1.1 |
1.1 |
1.5 |
|
Total Debtors |
17.6 |
17.5 |
17.6 |
12.7 |
17.0 |
|
Cash and Equivalents |
1.5 |
1.9 |
9.6 |
8.2 |
7.6 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Current Assets |
39.7 |
40.5 |
38.1 |
34.9 |
39.2 |
|
Total Assets |
49.7 |
48.0 |
44.6 |
40.7 |
47.0 |
|
Trade Creditors |
1.6 |
2.2 |
1.8 |
1.0 |
0.6 |
|
Inter-Company Creditors |
12.6 |
10.0 |
7.0 |
9.4 |
8.8 |
|
Social Security/VAT |
- |
0.3 |
0.7 |
0.7 |
0.5 |
|
Corporation Tax |
0.7 |
0.1 |
0.3 |
0.4 |
0.6 |
|
Other Current Liabilities |
4.0 |
6.9 |
2.8 |
1.9 |
3.5 |
|
Total Current Liabilities |
18.9 |
19.5 |
12.6 |
13.6 |
14.0 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Issued Capital |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.6 |
0.7 |
0.7 |
0.7 |
0.9 |
|
Retained Earnings |
30.0 |
27.7 |
31.1 |
26.3 |
31.9 |
|
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 |
30.7 |
28.5 |
32.0 |
27.1 |
33.0 |
|
Net Worth |
30.0 |
27.4 |
32.0 |
27.1 |
33.0 |
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 |
2.10 |
2.08 |
3.03 |
2.58 |
2.81 |
|
Liquidity Ratio |
1.01 |
1.00 |
2.17 |
1.54 |
1.77 |
|
Stock Turnover |
4.08 |
3.33 |
5.33 |
4.06 |
4.67 |
|
Credit Period (Days) |
64.49 |
80.47 |
92.71 |
72.29 |
81.75 |
|
Working Capital by Sales |
24.81% |
29.92% |
44.13% |
37.42% |
37.22% |
|
Trade Credit by Debtors |
0.11 |
0.14 |
0.12 |
0.09 |
0.04 |
|
Return on Capital |
12.03% |
5.87% |
6.17% |
16.79% |
21.24% |
|
Return on Assets |
7.46% |
3.48% |
4.43% |
11.19% |
14.92% |
|
Profit Margin |
4.42% |
2.38% |
3.42% |
7.97% |
10.31% |
|
Return on Shareholders Funds |
12.08% |
5.87% |
6.18% |
16.80% |
21.24% |
|
Borrowing Ratio |
41.85% |
36.49% |
22.00% |
34.88% |
26.63% |
|
Equity Gearing |
61.80% |
59.36% |
71.69% |
66.60% |
70.26% |
|
Interest Coverage |
34.10 |
177.83 |
- |
- |
440.00 |
|
Sales by Tangible Assets |
8.98 |
10.96 |
8.85 |
9.95 |
8.82 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.2 |
0.1 |
0.2 |
|
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 |
11.33% |
12.61% |
12.47% |
12.19% |
13.30% |
|
Creditor Days (Cost of Sales Based) |
10.26 |
14.79 |
15.08 |
8.77 |
4.15 |
|
Creditor Days (Sales Based) |
7.15 |
11.43 |
11.30 |
6.50 |
2.97 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.32 |
|
|
1 |
Rs.87.36 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.