MIRA INFORM REPORT

 

 

Report Date :

14.12.2012

 

IDENTIFICATION DETAILS

 

Name :

FUERST DAY LAWSON LTD.

 

 

Registered Office :

Devon House, 58 St Katharines Way, London, E1W 1JP, London County

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.12.2011

 

 

Date of Incorporation :

02.07.1958

 

 

Com. Reg. No.:

00607374

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Manufacture of other food products

 

 

No. of Employees :

113

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow but correct

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

(31.03.2012)

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

 

Fuerst Day Lawson Ltd.

                                                                                                                                                                   

 

Devon House

58 St Katharines Way

London, E1W 1JP

United Kingdom

Tel:

020 7488 0777

Fax:

020 7265 5285

 

www.fdl.co.uk

 

 

Synthesis

 

Employees:

113

Company Type:

Private Subsidiary

Corporate Family:

8 Companies

Ultimate Parent:

Fuerst Day Lawson Holdings Ltd.

Quoted Status:

Non-quoted Company

Incorporation Date:

02-Jul-1958

Auditor:

Deloitte LLP

 

Fiscal Year End:

30-Dec-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

274.0  1

Net Income:

0.3

Total Assets:

86.7

 

 

Business Description

                                      

 

Founded in 1884, Fuerst Day Lawson Ltd. is a privately-owned business that provides food, beverage and specialised chemical ingredients. It offers a range of natural flavours for juices and energy drinks. The company provides seeds, sweeteners, and bakery and functional blends. It develops menthol, grease additives, and castor oil and related derivatives for personal care items. The company also operates facilities to produce vitamin fortification pre-mixes for neutraceuticals. It develops a variety of aroma chemicals, honey, stabilisers, vitamins, botanicals, sebacic acid, pulses, dried fruits and natural extracts. In addition, the company’s products are used in coatings, synthetic resins and lubricants.

 

 

 Industry         

 

 

Industry

Food Processing

ANZSIC 2006:

1199 - Other Food Product Manufacturing Not Elsewhere Classified

NACE 2002:

1589 - Manufacture of other food products not elsewhere classified

NAICS 2002:

31199 - All Other Food Manufacturing

UK SIC 2003:

1589 - Manufacture of other food products not elsewhere classified

UK SIC 2007:

1089 - Manufacture of other food products n.e.c.

US SIC 1987:

2099 - Food Preparations, Not Elsewhere Classified

 

 

Key Executives   

 

 

Name

Title

Martin Cox

Group Compliance and Sustainability Director

Tony Martin

Key Accounts Director

Guy Neville Humphry Baker

Secretary

James Bray

Global Operations Director

Sharon Fitchett

Innovations Director

 

 

Financial Summary

                                  

 

FYE: 30-Dec-2011

USD (mil)

Key Figures

 

Current Assets

81.43

Fixed Assets

5.24

Total Liabilities

82.37

Net Worth

4.21

 

Key Ratios

 

Current Ratio

0.99

Acid Test

0.45

 

 

Registered No.(UK)

 

00607374

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6237932

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593

 

 

Corporate Overview

 

Location
Devon House
58 St Katharines Way
London, E1W 1JP
London County
United Kingdom

 

Tel:

020 7488 0777

Fax:

020 7265 5285

 

www.fdl.co.uk

Sales GBP(mil):

170.9

Assets GBP(mil):

55.8

Employees:

113

Fiscal Year End:

30-Dec-2011

 

Industry:

Food Processing

Registered Address:
Devon House
58 60 Saint Katharines Way
London, E1W 1JP
United Kingdom

 

Incorporation Date:

02-Jul-1958

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

00607374

 

Industry Codes

 

ANZSIC 2006 Codes:

1199

-

Other Food Product Manufacturing Not Elsewhere Classified

3323

-

Industrial and Agricultural Chemical Product Wholesaling

373

-

Furniture, Floor Covering and Other Goods Wholesaling

 

NACE 2002 Codes:

1589

-

Manufacture of other food products not elsewhere classified

5155

-

Wholesale of chemical products

5156

-

Wholesale of other intermediate products

 

NAICS 2002 Codes:

31199

-

All Other Food Manufacturing

4246

-

Chemical and Allied Products Merchant Wholesalers

4239

-

Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

2099

-

Food Preparations, Not Elsewhere Classified

509

-

Miscellaneous Durable Goods

516

-

Chemicals and Allied Products

 

UK SIC 2003:

1589

-

Manufacture of other food products not elsewhere classified

5156

-

Wholesale of other intermediate products

5155

-

Wholesale of chemical products

 

UK SIC 2007:

1089

-

Manufacture of other food products n.e.c.

4676

-

Wholesale of other intermediate products

4675

-

Wholesale of chemical products

Business Description

Founded in 1884, Fuerst Day Lawson Ltd. is a privately-owned business that provides food, beverage and specialised chemical ingredients. It offers a range of natural flavours for juices and energy drinks. The company provides seeds, sweeteners, and bakery and functional blends. It develops menthol, grease additives, and castor oil and related derivatives for personal care items. The company also operates facilities to produce vitamin fortification pre-mixes for neutraceuticals. It develops a variety of aroma chemicals, honey, stabilisers, vitamins, botanicals, sebacic acid, pulses, dried fruits and natural extracts. In addition, the company’s products are used in coatings, synthetic resins and lubricants.

More Business Descriptions

Fuerst Day Lawson Ltd. is a global supplier of specialist products to the food, beverage, pharmaceuticals, tobacco, fragrance and chemicals industry. Its range of products include castor and industrial chemicals, essential oils and aroma chemicals, food and beverage ingredients, honey, juices, seeds and natural products. It is a supplier of castor oil and related industrial chemicals. It is also a distributor of essential oils and aroma chemicals throughout Europe. (Updated by OneSource Information Services)

The supply of specialist raw materials in a wide range of goods worldwide

Representative Office

 

Financial Data

Financials in:

GBP(mil)

Revenue:

170.9

Net Income:

0.2

Assets:

55.8

Current Assets:

52.4

Fixed Assets:

3.4

Long Term Debt:

0.0

Total Liabilities:

53.0

Issued Capital:

0.1

Working Capital:

-0.6

Net Worth:

2.7

Date of Financial Data:

30-Dec-2011

1 Year Growth

11.0%

NA

NA

Subsidiaries

Company

Percentage Owned

Country

Fuerst Day Lawson Inc

100%

USA

Fuerst Day Lawson (India) Pvt Ltd

100%

INDIA

Fuerst Day Lawson International Trade (Shanghai) Co Ltd

100%

PEOPLE'S REPUBLIC OF CHINA

Key Corporate Relationships

Auditor:

Deloitte LLP

Bank:

National Westminster Bank PLC

Auditor:

Deloitte LLP, Deloitte LLP

 

GBP(mil)

Audit Fees:

0.1

Non Audit Fees:

0.0

Audit Fiscal Year:

12-30-2011

 

Corporate Family

Corporate Structure News:

Fuerst Day Lawson Holdings Ltd.
Fuerst Day Lawson Ltd.

Fuerst Day Lawson Ltd.
Total Corporate Family Members: 8

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Fuerst Day Lawson Holdings Ltd.

Parent

London

United Kingdom

Business Services

295.9

219

Fuerst Day Lawson Ltd.

Subsidiary

London

United Kingdom

Food Processing

274.0

113

Fuerst Day Lawson (U.S.A.) Ltd.

Subsidiary

London

United Kingdom

Chemical Manufacturing

22.9

5

Regency Mowbray Co. Ltd.

Subsidiary

Stoke On Trent

United Kingdom

Nonclassifiable Industries

Fox Roy Merchants Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

R. Verney & Co. Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

J. C. Duffus & Co. (London) Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

Union Merchants Overseas Ltd.

Subsidiary

London

United Kingdom

Nonclassifiable Industries

 

Executive report

 

Board of Directors

 

Name

Title

Function

Bai Dai Hua

Non-Executive Director

Director/Board Member

Maurice Day Lawson

Director

Director/Board Member

Age: 60

Education:

Harvard University

Mac Mardi

Director

Director/Board Member

Age: 52

Richard Slowe

Non-Executive Director

Director/Board Member

Paul Wilkinson

Non-Executive Director

Director/Board Member

Education:

Durham University, BA (Politics And Economics)

 

Executives

 

Name

Title

Function

Martin Cox

Group Compliance and Sustainability Director

Division Head Executive

Steve Davis

Group Sales Director

Division Head Executive

Gareth Elwin

Divisional Director, Specialities

Division Head Executive

Richard Wall

Group Operations Director

Division Head Executive

James Bray

Global Operations Director

Operations Executive

Mark Treadway

Market Intelligence Director

Administration Executive

Guy Neville Humphry Baker

Secretary

Company Secretary

Age: 58

Tony Martin

Key Accounts Director

Accounting Executive

Peter Gough

Sales Director

Sales Executive

Sharon Fitchett

Innovations Director

Engineering/Technical Executive

Michael Meling

IT and Automation Director

Engineering/Technical Executive




 

Directors and Shareholders Report

 

Main Office Address:
Devon House
58 St Katharines Way
London
United Kingdom E1W 1JP

Tel: 020 7488 0777
Fax: 020 7265 5285
URL: http://www.fdl.co.uk/

Annual Return Date: 16 Nov 2011
Total Issued Capital (GBP 000): 100

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

Guy Neville
Humphry Baker

Current

15 Feb 1954

4 Richmond Place,
Tunbridge Wells, Kent TN2 5JZ

08 Dec 2003

NA

Current:17
Previous:11
Disqualifications:0

Mac
Mardi

Current

26 Jun 1960

Devon House, 58-60 Saint Katharines Way,
London , London E1W 1JP

08 Dec 2006

NA

Current:7
Previous:2
Disqualifications:0

Maurice Day
Lawson

Current

26 Mar 1952

42 Holland Park Avenue,
Notting Hill, London W11 3QY

16 Nov 1991

NA

Current:9
Previous:2
Disqualifications:0

Francis James
Horan

Previous

17 Sep 1962

186 Park Road,
Kingston Upon Thames, Surrey KT2 5LS

13 Dec 1994

08 Jan 1997

Current:2
Previous:1
Disqualifications:0

Stephen John
Beaty

Previous

16 Aug 1953

35 Chestnut Road,
West Norwood, London SE27 9EZ

15 Nov 1994

08 Jan 1997

Current:0
Previous:2
Disqualifications:0

David Bruce
Thomas

Previous

31 Oct 1945

Flat 8, 46 Queens Gardens,
Paddington, London W2 3AA

07 Jan 1997

25 Jun 2007

Current:0
Previous:9
Disqualifications:0

Roderick Dalmahoy
Playfair

Previous

24 Jan 1935

Woodhouse, Pattiswick,
Braintree, Essex

07 Jan 1997

01 May 1998

Current:0
Previous:3
Disqualifications:0

John Richard
Murray

Previous

10 Mar 1952

84 Liberty Lane,
Addlestone, Surrey KT15 1NH

09 Jan 1992

08 Jan 1997

Current:0
Previous:1
Disqualifications:0

Graham Moss
Hyams

Previous

29 Apr 1958

69 Roth Drive, Hutton,
Brentwood, Essex CM13 2UE

16 Nov 1991

13 Dec 1994

Current:0
Previous:1
Disqualifications:0

Martin Frederick
Cox

Previous

11 Oct 1950

Hill Top Highland Road, Badgers Mount,
Sevenoaks, Kent TN14 7BA

16 Nov 1991

13 Dec 1994

Current:0
Previous:2
Disqualifications:0

Joseph
Beresiner

Previous

11 Jan 1945

3 Chadworth Way, Claygate,
Esher, Surrey KT10 9DB

16 Nov 1991

08 Jan 1997

Current:0
Previous:2
Disqualifications:0

Ronald Garnet
Mccreery

Previous

10 Apr 1943

7 High Street, Foxton,
Cambridge, Cambridgeshire CB22 6SP

07 Jan 1997

08 Dec 2003

Current:2
Previous:15
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

Guy Neville
Humphry Baker

Current

15 Feb 1954

4 Richmond Place,
Tunbridge Wells, Kent TN2 5JZ

08 Dec 2003

NA

Current:17
Previous:11
Disqualifications:0

Christopher Richard
Pegler

Previous

24 Apr 1946

28 Perryfield Way, Ham,
Richmond, Surrey TW10 7SP

16 Nov 1991

20 Jan 1997

Current:0
Previous:6
Disqualifications:0

Ronald Garnet
Mccreery

Previous

10 Apr 1943

7 High Street, Foxton,
Cambridge, Cambridgeshire CB22 6SP

20 Jan 1997

08 Dec 2003

Current:2
Previous:15
Disqualifications:0

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

Individual Shareholders

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Maurice Day Lawson

11365 Ordinary GBP 1.00

Ordinary

11,365

1.00

11,365.00

11.37

 

Corporate Shareholders

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Fuerst Day Lawson Holdings Ltd

02067286

88635 Ordinary GBP 1.00

Ordinary

88,635

1.00

88,635.00

88.64

 

Fuerst Day Lawson Ltd.

London, United Kingdom, Tel: 020 7488 0777, URL: http://www.fdl.co.uk/

Annual Profit & Loss

Financials in: USD (mil)

Except for share items (millions) and per share items (actual units)

 

  Financial Glossary

 

 

30-Dec-2011

31-Dec-2010

25-Dec-2009

26-Dec-2008

28-Dec-2007

Period Length

52 Weeks

53 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623793

0.647573

0.642603

0.543055

0.49995

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Turnover

274.0

237.8

172.4

225.9

215.2

Cost of Sales

251.3

218.4

153.5

204.6

196.2

Gross Profit

22.7

19.5

18.9

21.3

19.0

Depreciation

0.7

0.7

0.6

0.7

0.4

Other Expenses

21.8

19.4

18.3

20.0

17.4

Other Income

1.6

1.0

0.7

0.7

0.6

Interest Paid

2.1

0.7

0.4

1.3

1.5

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

0.4

0.5

0.9

0.7

0.8

Tax Payable / Credit

0.0

0.1

0.2

0.2

0.2

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

0.3

0.4

0.6

0.5

0.6

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

113

111

77

81

89

Wages

9.8

10.0

6.3

-

7.7

Social Security Costs

1.0

1.0

0.6

-

0.8

Pensions

0.1

0.1

-

0.1

0.1

Other Pension Costs

0.1

0.1

0.0

-

0.1

Employees Remuneration

10.9

11.1

6.9

7.1

8.6

Directors Emoluments

1.8

1.5

-

2.0

0.7

Other Costs

0.0

0.0

-

0.0

0.0

Directors Remuneration

1.9

1.6

1.8

2.0

0.8

Highest Paid Director

1.0

0.8

1.3

1.5

0.4

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

30-Dec-2011

31-Dec-2010

25-Dec-2009

26-Dec-2008

28-Dec-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.643459

0.638712

0.627766

0.679925

0.501781

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

1.7

1.7

0.0

0.0

0.0

Fixtures & Fittings

1.3

0.9

0.7

0.5

0.6

Plant & Vehicles

1.8

1.9

1.7

1.6

2.4

Total Tangible Fixed Assets

4.7

4.5

2.3

2.2

3.0

Intangible Assets

0.0

0.0

0.0

0.0

0.7

Investments

0.5

0.5

0.5

0.5

0.0

Total Fixed Assets

5.2

5.0

2.9

2.7

3.7

Total Stocks Work In Progress

44.3

39.4

33.4

32.9

44.5

Trade Debtors

32.1

28.5

29.4

29.6

31.9

Inter-Company Debtors

0.2

-

-

0.0

0.1

Director Loans

-

-

-

0.0

-

Other Debtors

0.4

1.3

0.3

0.1

0.5

Total Debtors

32.7

29.8

29.7

29.7

32.5

Cash and Equivalents

4.4

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

81.4

69.2

63.0

62.5

77.0

Total Assets

86.7

74.2

65.9

65.2

80.7

Trade Creditors

33.5

31.3

29.5

22.7

32.0

Bank Overdraft

28.2

18.7

24.4

26.6

30.6

Inter-Company Creditors

20.7

20.0

7.9

12.1

14.8

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Finance Lease (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Current Liability)

0.0

0.0

0.0

0.0

0.0

Social Security/VAT

0.0

0.0

0.0

0.3

0.0

Corporation Tax

0.0

0.0

0.2

0.2

0.0

Dividends (Current Liability)

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.3

0.3

0.6

0.2

Total Current Liabilities

82.4

70.3

62.3

62.5

77.5

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

0.1

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.1

0.0

0.0

0.0

0.0

Issued Capital

0.2

0.2

0.2

0.1

0.2

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

4.1

3.8

3.5

2.6

3.0

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

4.2

3.9

3.6

2.7

3.2

Net Worth

4.2

3.9

3.6

2.7

2.5

 

 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

30-Dec-2011

31-Dec-2010

25-Dec-2009

26-Dec-2008

28-Dec-2007

Period Length

52 Weeks

53 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623793

0.647573

0.642603

0.543055

0.49995

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

-2.8

9.4

5.4

-3.1

3.8

Net Cash Flow from ROI and Servicing of Finance

-1.5

-0.6

-0.4

-1.3

-1.5

Taxation

0.0

-0.4

-0.2

0.0

0.0

Capital Expenditures

-1.0

-3.3

-0.6

-0.6

-0.9

Acquisitions and Disposals

0.0

0.0

0.0

0.0

-0.7

Paid Up Equity

0.0

0.0

0.0

0.0

0.0

Management of Liquid Resources

0.0

0.0

0.0

0.0

0.0

Net Cash Flow From Financing

0.0

0.0

0.0

0.0

0.0

Increase in Cash

-5.3

5.1

4.3

-5.0

0.7

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

30-Dec-2011

31-Dec-2010

25-Dec-2009

26-Dec-2008

28-Dec-2007

Period Length

52 Weeks

53 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.643459

0.638712

0.627766

0.679925

0.501781

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

0.99

0.98

1.01

1.00

0.99

Liquidity Ratio

0.45

0.42

0.48

0.48

0.42

Stock Turnover

6.00

6.00

5.29

5.49

4.82

Credit Period (Days)

44.16

43.98

60.81

59.86

54.31

Working Capital by Sales

-0.35%

-0.48%

0.42%

0.04%

-0.22%

Trade Credit by Debtors

1.04

1.10

1.00

0.77

1.00

Return on Capital

8.37%

11.96%

25.00%

19.19%

24.40%

Return on Assets

0.42%

0.63%

1.37%

0.80%

0.97%

Profit Margin

0.14%

0.20%

0.51%

0.29%

0.37%

Return on Shareholders Funds

8.55%

11.96%

25.00%

19.19%

24.40%

Borrowing Ratio

1,161.40%

989.58%

891.66%

1,415.15%

1,788.84%

Equity Gearing

4.86%

5.27%

5.49%

4.19%

3.98%

Interest Coverage

0.18

0.71

2.32

0.49

0.53

Sales by Tangible Assets

56.41

52.43

75.81

83.63

71.30

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

2.4

2.1

2.3

2.2

2.4

Capital Employed per Employee

0.0

0.0

0.0

0.0

0.0

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.8

0.7

0.9

0.8

0.9

Employee Remuneration by Sales

3.96%

4.68%

4.02%

3.14%

3.97%

Creditor Days (Cost of Sales Based)

50.16

52.57

68.49

50.72

59.73

Creditor Days (Sales Based)

46.00

48.27

60.99

45.94

54.45

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.23

UK Pound

1

Rs.87.53

Euro

1

Rs.70.94

 

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.