MIRA
INFORM REPORT
|
Report Date : |
15.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
JOULES LTD. |
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|
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|
Registered Office : |
Joules Building, The Point, Rockingham Road, Market Harborough, LE16
7QU |
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|
Country : |
United Kingdom |
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|
Financials (as on) : |
27.05.2012 |
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Date of Incorporation : |
31.05.1994 |
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Com. Reg. No.: |
02934327 |
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Legal Form : |
Private Parent Company |
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|
Line of Business : |
Design and sale of lifestyle and sports clothing and related
accessories |
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|
No. of Employees : |
796 employees |
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 |
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Payment Behaviour : |
Slow but Correct |
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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 – 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 |
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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 & address
Joules Ltd.
16 The Point
Market Harborough, LE16 7QU
United Kingdom
(Trading Address)
Tel: 01858 435255
Fax: 01536 274329
Web: www.joules.com
Synthesis
Employees: 796
Company Type: Private Parent
Corporate Family: 3
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
31-May-1994
Auditor: Deloitte LLP
Financials in: USD
(Millions)
Fiscal Year End:
27-May-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 105.9
1
Net Income: 1.2
Total Assets: 40.
Business Description
Design and sale of lifestyle and sports clothing and related
accessories.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 371 - Textile,
Clothing and Footwear Wholesaling
NACE 2002: 5142 - Wholesale
of clothing and footwear
NAICS 2002: 4243 - Apparel,
Piece Goods, and Notions Merchant Wholesalers
UK SIC 2003: 5142 - Wholesale
of clothing and footwear
UK SIC 2007: 4642 - Wholesale
of clothing and footwear
US SIC 1987: 513 - Apparel,
Piece Goods, and Notions
Key Executives
|
Name |
Title |
|
Belaea Hollinshead |
Company Secretary |
|
Jonathan William Dargie |
Secretary |
|
Scott Cooper |
Project Co-Ordinator - logistics |
|
Ronald Michael Helvey |
Director |
|
Tom Simon Lee Joule |
Director |
News
|
Title |
Date |
|
BRIEF: St. Jude Medical receives European
approval for Assura heart devices |
28-Nov-2012 |
|
THE ironic animal sweater is enjoying a
moment. Make the most of it with one of these kitsch designs... |
27-Nov-2012 |
|
Slow start, big finish |
26-Nov-2012 |
|
Retailer Joules 'in talks' |
20-Nov-2012 |
|
Joules heroics not enough as carmarthen
edged out |
14-Nov-2012 |
Financial Summary
|
||||||||||||||||||||||
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6288029
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6382196
Corporate Overview
Location
16 The Point
Market Harborough, LE16 7QU
Leicestershire County
United Kingdom
Tel: 01858 435255
Fax: 01536 274329
Web: www.joules.com
Sales GBP(mil) : 66.6
Assets GBP(mil): 25.5
Employees: 796
Fiscal Year End: 27-May-2012
Industry: Apparel and Accessories
Registered
Address:
Joules Building, The Point
Rockingham Road
Market Harborough, LE16 7QU
United Kingdom
Incorporation Date: 31-May-1994
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(UK): 02934327
Company Secretary: Belaea
Hollinshead
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
371 - Textile, Clothing and Footwear Wholesaling
4251 - Clothing Retailing
NACE 2002 Codes:
5142 - Wholesale of clothing and footwear
5242 - Retail sale of clothing
NAICS 2002 Codes:
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
4481 - Clothing Stores
US SIC 1987:
513 - Apparel, Piece Goods, and Notions
5651 - Family Clothing Stores
UK SIC 2003:
5142 - Wholesale of clothing and footwear
5242 - Retail sale of clothing
UK SIC 2007:
4642 - Wholesale of clothing and footwear
4771 - Retail sale of clothing in specialised stores
Business
Description
Design and sale of lifestyle and sports clothing and related
accessories.
More Business
Descriptions
Retail of fashion clothing for men, women and children.
Representative Office
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Corporate Family |
Corporate
Structure News: |
|
Joules
Ltd. |
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Joules Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Joules Ltd. |
Parent |
Market Harborough |
United Kingdom |
Apparel and Accessories |
105.9 |
796 |
|
|
Lions Rampant Ltd. |
Subsidiary |
Market Harborough |
United Kingdom |
Nonclassifiable Industries |
|||
|
Rampant Sporting Ltd. |
Subsidiary |
Market Harborough |
United Kingdom |
Retail (Apparel) |
20 |
Executive report
|
Board of
Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Company Secretary |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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|
Company Secretary |
Company Secretary |
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|
Project Co-Ordinator - logistics |
Logistics Executive |
Directors and Shareholders Report
|
Main Office Address: |
Tel: 01858
435255 |
Annual Return Date: 31
May 2012 |
|
Individual Directors |
|||||||
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|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
02 Jul 1938 |
Orchard Cottage, Darlingscott, |
02 Feb 2009 |
NA |
Current:3 |
||
|
Current |
05 Aug 1961 |
Birchwood House, Tyrrells Wood, |
01 May 2011 |
NA |
Current:2 |
||
|
Current |
12 Feb 1968 |
Greenfields Marston Lane, East Farndon, |
31 May 1994 |
NA |
Current:4 |
||
|
Current |
21 Aug 1980 |
12 Hunts Lane, Hallaton, |
01 Aug 2006 |
NA |
Current:1 |
||
|
Current |
06 Sep 1958 |
440-450 Cob Drive, Swan Valley, |
27 Feb 2012 |
NA |
Current:1 |
||
|
Current |
29 Aug 1958 |
Joules Building The Point, Rockingham Road, |
01 Dec 2009 |
NA |
Current:1 |
||
|
Previous |
09 May 1963 |
6 Scrivener Close, Bushby, |
01 Aug 2006 |
31 May 2009 |
Current:1 |
||
|
Previous |
NA |
19 Austin Street, |
01 Aug 2006 |
02 Mar 2009 |
Current:0 |
||
|
Previous |
07 Apr 1965 |
3 Holyoak Drive, Sharnford, |
01 Aug 2006 |
17 Jul 2007 |
Current:0 |
||
|
Previous |
19 Oct 1977 |
Joules Building The Point, |
01 Dec 2009 |
30 Apr 2011 |
Current:0 |
||
|
Previous |
10 Mar 1965 |
15 Bedford Street, |
01 May 2011 |
24 Feb 2012 |
Current:4 |
||
|
Previous |
16 Sep 1971 |
1 Nobold Court, Clipston, |
25 Sep 2008 |
24 Feb 2012 |
Current:0 |
||
|
Previous |
10 Jun 1959 |
Start-Rite Shoes Ltd Peachman Way, Broadland Business Park, |
23 Jan 2008 |
01 Nov 2010 |
Current:2 |
||
|
Previous |
10 Oct 1971 |
2 Valentine Place, |
26 Jul 2007 |
21 Jun 2011 |
Current:1 |
||
|
Previous |
07 Jun 1964 |
14 Potter Street, Melbourne, |
02 Jul 2007 |
01 Nov 2010 |
Current:0 |
||
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Corporate Directors |
||||
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|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
London Law Services Limited |
Previous |
84 Temple Chambers, Temple Avenue, |
31 May 1994 |
NA |
|
|
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|
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|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
NA |
Joules Building The Point, Rockingham Road, |
06 Jul 2012 |
NA |
Current:1 |
||
|
Previous |
14 Feb 1935 |
3 The Heights, |
31 May 1994 |
21 May 1996 |
Current:0 |
||
|
Previous |
09 May 1963 |
6 Scrivener Close, Bushby, |
01 Aug 2004 |
06 Jul 2012 |
Current:1 |
||
|
Previous |
NA |
35 Heygate Street, |
21 May 1996 |
31 Jul 2004 |
Current:0 |
||
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|
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|
|||||||
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Corporate Secretaries |
||||
|
|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
London Law Secretarial Limited |
Previous |
84 Temple Chambers, Temple Avenue, |
31 May 1994 |
NA |
|
|
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|
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Individual Shareholders |
||||||
|
|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Brown Jacobson Trustees Ltd |
27194 Ordinary GBP 1.00 |
Ordinary |
27,194 |
1.00 |
27,194.00 |
16.14 |
|
Carl Zaturowski |
10000 Ordinary GBP 1.00 |
Ordinary |
10,000 |
1.00 |
10,000.00 |
5.93 |
|
John Pearson |
1000 Ordinary GBP 1.00 |
Ordinary |
1,000 |
1.00 |
1,000.00 |
0.59 |
|
Martine Joule |
800 Ordinary GBP 1.00 |
Ordinary |
800 |
1.00 |
800.00 |
0.47 |
|
S Stephenson |
27194 Ordinary GBP 1.00 |
Ordinary |
27,194 |
1.00 |
27,194.00 |
16.14 |
|
T Joule |
27194 Ordinary GBP 1.00 |
Ordinary |
27,194 |
1.00 |
27,194.00 |
16.14 |
|
Tom Joule |
75124 Ordinary GBP 1.00 |
Ordinary |
75,124 |
1.00 |
75,124.00 |
44.58 |
|
Corporate Shareholders |
|
|
|
There are no corporate shareholders for this company. |
Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
27-May-2012 |
29-May-2011 |
30-May-2010 |
31-May-2009 |
31-Jan-2008 |
|
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
70 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.628803 |
0.634603 |
0.628014 |
0.61899 |
0.499611 |
|
Consolidated |
Yes |
Yes |
Yes |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
100.7 |
88.2 |
74.0 |
68.7 |
40.3 |
|
Turnover (Exports) |
5.1 |
7.8 |
7.5 |
6.6 |
4.1 |
|
Total Turnover |
105.9 |
96.0 |
81.5 |
75.3 |
44.5 |
|
Cost of Sales |
51.1 |
46.0 |
36.2 |
36.0 |
20.0 |
|
Gross Profit |
54.8 |
50.1 |
45.3 |
39.3 |
24.5 |
|
Depreciation |
3.0 |
2.2 |
1.9 |
1.6 |
0.9 |
|
Other Expenses |
52.6 |
50.7 |
37.4 |
35.0 |
19.3 |
|
Operating Profit |
2.2 |
- |
7.9 |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
0.4 |
0.5 |
0.2 |
0.3 |
0.0 |
|
Exceptional Income |
0.0 |
0.2 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
1.8 |
-0.8 |
7.7 |
4.0 |
5.2 |
|
Tax Payable / Credit |
0.7 |
0.0 |
2.1 |
1.5 |
1.6 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Profit After Taxes |
1.2 |
-0.9 |
5.7 |
2.5 |
3.4 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Non Audit Fees |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Number of Employees |
796 |
641 |
465 |
315 |
187 |
|
Wages |
20.8 |
19.5 |
14.7 |
13.1 |
7.7 |
|
Social Security Costs |
1.8 |
1.7 |
1.2 |
1.1 |
0.7 |
|
Pensions |
0.0 |
0.0 |
- |
0.0 |
- |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
22.6 |
21.1 |
15.8 |
14.3 |
8.4 |
|
Directors Emoluments |
- |
1.9 |
- |
1.9 |
- |
|
Other Costs |
1.4 |
0.0 |
- |
0.0 |
- |
|
Directors Remuneration |
1.4 |
1.9 |
1.8 |
1.9 |
1.2 |
|
Highest Paid Director |
0.4 |
0.5 |
0.6 |
0.6 |
0.5 |
Annual Balance Sheet
Financials in: USD (mil)
|
27-May-2012 |
29-May-2011 |
30-May-2010 |
31-May-2009 |
31-Jan-2008 |
|
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.63822 |
0.607386 |
0.691635 |
0.620136 |
0.503018 |
|
Consolidated |
Yes |
Yes |
Yes |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.8 |
2.2 |
2.1 |
1.8 |
0.5 |
|
Fixtures & Fittings |
8.5 |
8.0 |
3.4 |
2.9 |
2.2 |
|
Plant & Vehicles |
0.3 |
0.4 |
0.2 |
0.1 |
0.2 |
|
Total Tangible Fixed Assets |
9.6 |
10.6 |
5.7 |
4.8 |
3.0 |
|
Intangible Assets |
0.0 |
0.2 |
0.2 |
0.0 |
0.4 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
9.6 |
10.8 |
5.8 |
4.8 |
3.4 |
|
Stocks |
14.9 |
11.0 |
10.0 |
5.5 |
10.6 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
14.9 |
11.0 |
10.0 |
5.5 |
10.6 |
|
Trade Debtors |
4.3 |
4.0 |
6.3 |
3.3 |
3.3 |
|
Inter-Company Debtors |
0.0 |
0.0 |
0.0 |
- |
- |
|
Director Loans |
0.0 |
1.3 |
1.1 |
1.2 |
1.4 |
|
Other Debtors |
7.9 |
8.2 |
5.2 |
4.5 |
2.3 |
|
Total Debtors |
12.3 |
13.5 |
12.6 |
9.1 |
6.9 |
|
Cash and Equivalents |
3.2 |
0.2 |
0.0 |
1.7 |
0.9 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
30.3 |
24.7 |
22.6 |
16.2 |
18.5 |
|
Total Assets |
40.0 |
35.5 |
28.5 |
21.0 |
21.8 |
|
Trade Creditors |
7.7 |
7.4 |
5.2 |
2.9 |
5.3 |
|
Hire Purchase (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Finance Lease (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Total Short Term Loans |
2.2 |
6.3 |
5.6 |
2.3 |
1.3 |
|
Accruals/Deferred Income (Current Liability) |
4.2 |
1.8 |
1.1 |
0.6 |
0.9 |
|
Social Security/VAT |
1.0 |
0.9 |
0.1 |
1.0 |
0.2 |
|
Corporation Tax |
0.9 |
0.1 |
0.9 |
0.9 |
1.5 |
|
Other Current Liabilities |
8.0 |
1.1 |
0.4 |
2.2 |
2.0 |
|
Total Current Liabilities |
24.1 |
17.6 |
13.3 |
9.8 |
11.2 |
|
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 |
1.8 |
4.4 |
2.5 |
2.9 |
0.4 |
|
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 |
1.8 |
4.4 |
2.5 |
2.9 |
0.4 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Issued Capital |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Share Premium Accounts |
0.1 |
0.1 |
0.1 |
0.0 |
1.9 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
13.7 |
13.2 |
12.4 |
8.1 |
8.0 |
|
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 |
14.1 |
13.6 |
12.7 |
8.3 |
10.1 |
|
Net Worth |
14.1 |
13.4 |
12.5 |
8.3 |
9.7 |
Annual Cash Flows
Financials in: USD (mil)
|
27-May-2012 |
29-May-2011 |
30-May-2010 |
31-May-2009 |
31-Jan-2008 |
|
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
70 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.628803 |
0.634603 |
0.628014 |
0.61899 |
0.499611 |
|
Consolidated |
Yes |
Yes |
Yes |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
3.6 |
6.2 |
2.1 |
5.2 |
0.5 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.4 |
-0.4 |
-0.2 |
-0.3 |
0.0 |
|
Taxation |
-0.1 |
-0.9 |
-2.0 |
-2.0 |
-1.4 |
|
Capital Expenditures |
-1.9 |
-6.0 |
-3.5 |
-3.9 |
-2.4 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
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 |
1.8 |
1.3 |
2.0 |
2.0 |
3.2 |
|
Increase in Cash |
3.1 |
0.2 |
-1.6 |
0.9 |
0.0 |
Annual Ratios
Financials in: USD (mil)
|
27-May-2012 |
29-May-2011 |
30-May-2010 |
31-May-2009 |
31-Jan-2008 |
|
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
70 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.63822 |
0.607386 |
0.691635 |
0.620136 |
0.503018 |
|
Consolidated |
Yes |
Yes |
Yes |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.26 |
1.41 |
1.70 |
1.65 |
1.65 |
|
Liquidity Ratio |
0.64 |
0.78 |
0.95 |
1.09 |
0.70 |
|
Stock Turnover |
7.01 |
9.09 |
7.37 |
10.19 |
4.15 |
|
Credit Period (Days) |
15.10 |
14.42 |
30.97 |
21.74 |
26.93 |
|
Working Capital by Sales |
6.00% |
7.10% |
12.62% |
11.46% |
16.40% |
|
Trade Credit by Debtors |
1.78 |
1.88 |
0.83 |
0.87 |
1.63 |
|
Return on Capital |
11.31% |
-4.92% |
46.26% |
26.53% |
48.91% |
|
Return on Assets |
4.50% |
-2.48% |
24.65% |
14.15% |
23.80% |
|
Profit Margin |
1.72% |
-0.88% |
9.49% |
5.32% |
11.76% |
|
Return on Shareholders Funds |
12.79% |
-6.50% |
55.34% |
35.81% |
51.51% |
|
Borrowing Ratio |
28.83% |
79.26% |
64.75% |
62.17% |
17.38% |
|
Equity Gearing |
35.16% |
38.23% |
44.55% |
39.51% |
46.21% |
|
Debt Gearing |
13.07% |
32.54% |
19.86% |
34.97% |
4.40% |
|
Interest Coverage |
4.80 |
-1.86 |
46.71 |
14.34 |
145.22 |
|
Sales by Tangible Assets |
10.84 |
9.44 |
12.99 |
11.62 |
14.73 |
|
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 |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Capital Employed per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
21.37% |
22.00% |
19.43% |
18.94% |
18.87% |
|
Creditor Days (Cost of Sales Based) |
55.79 |
56.56 |
58.15 |
39.37 |
97.77 |
|
Creditor Days (Sales Based) |
26.93 |
27.07 |
25.83 |
18.84 |
43.91 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.39 |
|
UK Pound |
1 |
Rs.87.78 |
|
Euro |
1 |
Rs.71.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.