MIRA
INFORM REPORT

Report Date :

20.12.2012

IDENTIFICATION DETAILS

Name :

FLOWTECH LTD.

Registered Office :

Pimbo Road Skelmersdale, WN8 9RB

Country :

United Kingdom

Financials (as on) :

31.12.2011

Date of Incorporation :

15.10.1982

Reg. No.:

01672034

Legal Form :

Private Subsidiary

Line of Business :

Distributor of fluid power and industrial products

No. of Employees :

124

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: [email-masked]
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

FLOWTECH LTD.

Pimbo Road

Skelmersdale, WN8 9RB

United Kingdom

(Trading Address)

Tel:                              0169552770

Fax:                              08002987230

Website:                      www.flowtechnologyuk.com

Employees:                  124

Company
Type:            Private Subsidiary

Corporate
Family:         11 Companies

Ultimate
Parent:            Flowtech
Holdings Ltd.

Quoted
Status:             Non-quoted Company

Incorporation
Date:       15-Oct-1982

Auditor:                        KPMG LLP

Financials in:                 USD
(In Millions)

Fiscal
Year End:           31-Dec-2011

Reporting
Currency:      British Pound Sterling

Annual
Sales:                41.2  1

Net
Income:                  7.5

Total
Assets:                78.0

Business
Description

Flowtech Ltd. is a catalogue
distributor of fluid power and industrial products in the United Kingdom. The
company provides a wide range of services, including technical support and
assistance, tele-order, customer service, consolidation and delivery services.
It provides a variety of gas and plumbing fittings through a network of
distributors. Flowtech Ltd. offers a wide range of products from some of the
leading manufacturers to meet the individual requirements of its customers.
(Updated by OneSource Information Services)

Industry

Industry                Miscellaneous
Capital Goods

ANZSIC 2006:       3339 - Other
Hardware Goods Wholesaling

NACE 2002:          5154 -
Wholesale of hardware, plumbing and heating equipment and supplies

NAICS 2002:         4237 -
Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers

UK SIC 2003:        5154 -
Wholesale of hardware, plumbing and heating equipment and supplies

UK SIC 2007:        4674 -
Wholesale of hardware, plumbing and heating equipment and supplies

US SIC 1987:        507 -
Hardware, and Plumbing and Heating Equipment

Key Executives

Name

Title

Source

David Keith Crosby

Finance Director

OneSource

Jane D'Silva

Marketing Manager

Corpdata

Mark Boland

Operations Manager

Corpdata

Alan Keith Dickinson

Director

OneSource

Bryce Rowan Brooks

Director

Experian Ltd.

News

Title

Date

On to
India; Tristone Flowtech completes Mexico project, moves onto Asia.

Rubber & Plastics News (455 Words)

23-Jul-2012

Brief
scores

Gulf News (United Arab Emirates) (140 Words)

26-Jun-2012

Ajman
Council to stage non-stop cricket

Gulf News (United Arab Emirates) (248 Words)

26-Jun-2012

Tristone
auto hose plant operating in Mexico.

Rubber & Plastics News (419 Words)

5-Mar-2012

Financial Summary

FYE: 31-Dec-2011

USD (mil)

Key Figures

Current Assets

75.60

Fixed Assets

2.35

Total Liabilities

18.36

Net Worth

59.32

Key Ratios

Current Ratio

4.12

Acid Test

3.42

Registered No.(UK):      01672034

1 - Profit & Loss Item Exchange Rate: USD
1 = GBP 0.623776

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

Corporate Overview

Location

Pimbo Road

Skelmersdale, WN8 9RB

Lancashire County

United Kingdom

Tel:                               0169552770

Fax:                              08002987230

Website:                       www.flowtechnologyuk.com

Sales GBP(mil):             25.7

Assets GBP(mil):           50.2

Employees:                  124

Fiscal Year End:            31-Dec-2011

Industry:                       Miscellaneous Capital Goods

Registered Address:

Pimbo Road

Skelmersdale, WN8 9RB

United Kingdom

Incorporation Date:        15-Oct-1982

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):      01672034

Director:                       Alan Keith Dickinson

Industry Codes

ANZSIC 2006 Codes:

3339

-

Other Hardware Goods Wholesaling

NACE 2002 Codes:

5154

-

Wholesale of hardware, plumbing and heating equipment
and supplies

NAICS 2002 Codes:

4237

-

Hardware, and Plumbing and Heating Equipment and
Supplies Merchant Wholesalers

US SIC 1987:

507

-

Hardware, and Plumbing and Heating Equipment

UK SIC 2003:

5154

-

Wholesale of hardware, plumbing and heating equipment
and supplies

UK SIC 2007:

4674

-

Wholesale of hardware, plumbing and heating equipment
and supplies

Business Description

Flowtech Ltd. is a catalogue distributor of fluid power
and industrial products in the United Kingdom. The company provides a wide
range of services, including technical support and assistance, tele-order,
customer service, consolidation and delivery services. It provides a variety of
gas and plumbing fittings through a network of distributors. Flowtech Ltd.
offers a wide range of products from some of the leading manufacturers to meet
the individual requirements of its customers. (Updated by OneSource Information
Services)

More Business Descriptions

Distribution Service Providers

Financial Data

Financials
in:

GBP(mil)

1 Year Growth

Revenue:

25.7

14.7%

Net
Income:

4.7

NA

Assets:

50.2

NA

Current
Assets:

48.6

Fixed
Assets:

1.5

Long
Term Debt:

0.0

Total
Liabilities:

11.8

Issued
Capital:

NaN

Working
Capital:

36.8

Net
Worth:

38.2

Date
of Financial Data:

31-Dec-2011

Key Corporate Relationships

Auditor:

KPMG LLP

Auditor:

KPMG LLP

GBP(mil)

Audit
Fees:

0.0

Non
Audit Fees:

0.0

Audit
Fiscal Year:

12-31-2011

Corporate Structure News

Flowtech Ltd.

Total Corporate Family Members: 11

Company
Name

Company
Type

Location

Country

Industry

Sales

(USD mil)

Employees

Flowtech Holdings Ltd.

Parent

Skelmersdale

United Kingdom

Commercial Banks

57.6

159

Flowtech Midco Ltd.

Subsidiary

Skelmersdale

United Kingdom

Commercial Banks

Flowtech Ipl Ltd.

Subsidiary

Skelmersdale

United Kingdom

Commercial Banks

Flowtech Ltd.

Subsidiary

Skelmersdale

United Kingdom

Miscellaneous Capital Goods

41.2

124

Flowtechnology Asia Ltd.

Subsidiary

Skelmersdale

United Kingdom

Miscellaneous Capital Goods

Ipl Fluid Power Ltd.

Subsidiary

Skelmersdale

United Kingdom

Nonclassifiable Industries

Industrial Products & Supplies Ltd.

Subsidiary

Skelmersdale

United Kingdom

Miscellaneous Capital Goods

8.5

19

Merchantz Ltd.

Subsidiary

Reading

United Kingdom

Retail (Department and Discount)

7

Plumb & Heat Supplies Ltd

Subsidiary

Skelmersdale

United Kingdom

Miscellaneous Capital Goods

Industrial Tubes & Valves Ltd.

Subsidiary

Skelmersdale

United Kingdom

Nonclassifiable Industries

Vitassem Ltd.

Subsidiary

Skelmersdale

United Kingdom

Miscellaneous Fabricated Products

0.4

2

Directors

Name

Title

Function

Bryce Rowan Brooks

Director

Director/Board Member

Age: 47

Alan Keith Dickinson

Director

Director/Board Member

Age: 55

John Farmer

Director

Director/Board Member

Age: 48

Sean Mark Fennon

Director

Director/Board Member

Age: 52

Keith Greenwood

Director

Director/Board Member

Age: 64

Kevin Mcmullen

Director

Director/Board Member

Age: 57

Paul John Watson

Director

Director/Board Member

Age: 55

Executives

Name

Title

Function

Mark Boland

Operations Manager

Operations Executive

David Keith Crosby

Finance Director

Finance Executive

Jane D'Silva

Marketing Manager

Marketing Executive

Directors and Shareholders Report

Main
Office Address:

Pimbo Road

Skelmersdale

United Kingdom WN8 9RB

Tel: 0169552770

Fax: 08002987230

URL: http://www.flowtechnologyuk.com

Annual Return Date: 27 Feb 2012

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

Kevin

Mcmullen

Current

06 Jun 1955

63 Mayfield Avenue,

St. Helens, Merseyside WA9 5EJ

16 Sep 2004

NA

Current:1

Previous:2

Disqualifications:0

Sean Mark

Fennon

Current

09 Nov 1960

2 Dennis David Close,

Lutterworth, Leicestershire LE17 4GB

28 Nov 2009

NA

Current:13

Previous:2

Disqualifications:0

Paul John

Watson

Current

04 Oct 1957

5 Castle Gardens,

Glasgow, Stirling G63 0HY

17 Apr 2012

NA

Current:3

Previous:0

Disqualifications:0

Bryce Rowan

Brooks

Current

21 Aug 1965

Pimbo Road, Skelmersdale,

Wigan, Greater Manchester WN8 9RB

29 Mar 2010

NA

Current:13

Previous:37

Disqualifications:0

John

Farmer

Current

24 Apr 1964

103 Prescott Lane, Orrell,

Wigan, Greater Manchester WN5 0HX

16 Sep 2004

NA

Current:2

Previous:1

Disqualifications:0

Alan Keith

Dickinson

Current

06 Jan 1957

22 Holborn Hill,

Ormskirk, Lancashire L39 3LH

16 Sep 2004

NA

Current:1

Previous:3

Disqualifications:0

Keith

Greenwood

Current

09 Jul 1948

9 Harthorne Terrace, Foulridge,

Colne, Lancashire BB8 7PE

16 Sep 2004

NA

Current:1

Previous:1

Disqualifications:0

Eileen

Readman

Previous

17 Sep 1934

4 Tower End, Formby,

Liverpool, Merseyside L37 1LP

27 Feb 1991

16 Sep 2004

Current:0

Previous:2

Disqualifications:0

Brian

Readman

Previous

01 Jul 1932

4 Tower End, Formby,

Liverpool, Merseyside L37 1LP

27 Feb 1991

07 Apr 2003

Current:0

Previous:2

Disqualifications:0

Anthony

Keeley

Previous

03 Dec 1964

20 Harebell Close, Formby,

Liverpool, Merseyside L37 4JP

31 Aug 1993

31 Jan 1997

Current:0

Previous:1

Disqualifications:0

Francis
Anthony

Armelin

Previous

16 Jan 1957

Fairways 29 Shireburn Road,

Liverpool, Merseyside L37 1LR

01 Jan 1999

16 Sep 2004

Current:0

Previous:9

Disqualifications:0

Ian Conway

Readman

Previous

29 Oct 1966

11 Shouson Hill Road, East 1,

Hong Kong

27 Feb 1991

16 Sep 2004

Current:0

Previous:5

Disqualifications:0

David Keith

Crosby

Previous

12 Aug 1949

2 Regent Mews, Birkdale,

Southport, Merseyside PR8 2NX

16 Sep 2004

31 Mar 2010

Current:0

Previous:19

Disqualifications:0

Stanley
John

Keyworth

Previous

18 Feb 1943

Pimbo Road, Skelmersdale,

Wigan, Greater Manchester WN8 9RB

16 Sep 2004

09 Jun 2010

Current:3

Previous:21

Disqualifications:0

Coral Dawn

Armitstead

Previous

24 Nov 1961

12 Gilcroft,

Chorley, Lancashire PR7 5SF

24 May 2005

27 Feb 2006

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

Eileen

Readman

Previous

17 Sep 1934

4 Tower End, Formby,

Liverpool, Merseyside L37 1LP

27 Feb 1991

16 Sep 2004

Current:0

Previous:2

Disqualifications:0

David Keith

Crosby

Previous

12 Aug 1949

2 Regent Mews, Birkdale,

Southport, Merseyside PR8 2NX

16 Sep 2004

31 Mar 2010

Current:0

Previous:19

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

Bryce Brooks

560 C Ordinary GBP 0.01

C Ordinary

560

0.01

5.60

5.04

Flowtech Ipl

10000 A Ordinary GBP 0.01

A Ordinary

10,000

0.01

100.00

89.93

Sean Fennon

560 B Ordinary GBP 0.01

B Ordinary

560

0.01

5.60

5.04

Corporate Shareholders

There are no corporate
shareholders for this company.

News

On to
India; Tristone Flowtech completes Mexico project, moves onto Asia.

Mike McNulty, Rubber & Plastics
News (455 Words)

23-Jul-2012

Brief
scores

Staff Report, Gulf News (United Arab
Emirates) (140 Words)

26-Jun-2012

Ajman
Council to stage non-stop cricket

K.R. Nayar Chief Cricket Writer, Gulf
News (United Arab Emirates) (248 Words)

26-Jun-2012

Tristone
auto hose plant operating in Mexico.

Mike McNulty, Rubber & Plastics
News (419 Words)

05-Mar-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

Turnover (UK)

38.7

34.2

30.9

44.7

-

Turnover (Exports)

2.6

0.4

1.6

2.5

-

Total Turnover

41.2

34.6

32.5

47.1

49.4

Cost of Sales

27.1

22.7

23.0

29.0

28.9

Gross Profit

14.2

11.9

9.5

18.2

20.5

Depreciation

0.6

0.5

0.5

0.5

0.4

Other Expenses

6.7

6.6

5.7

10.2

10.0

Operating Profit

7.5

5.4

-

8.0

10.5

Other Income

0.1

0.0

0.8

0.1

0.0

Interest Paid

0.2

0.1

0.1

0.4

0.3

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

7.4

5.3

4.5

7.7

10.3

Tax Payable / Credit

-0.1

0.6

-0.8

1.8

0.1

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

7.5

4.7

5.3

5.9

10.2

Minority Interests (Profit
& Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.1

0.0

0.1

0.1

Non Audit Fees

0.0

0.0

0.0

0.0

0.0

Number of Employees

124

123

124

134

133

Wages

4.0

4.0

3.9

4.9

5.3

Social Security Costs

0.3

0.3

0.3

0.4

0.5

Pensions

0.0

-

-

-

0.0

Other Pension Costs

0.1

0.1

0.1

0.1

0.1

Employees Remuneration

4.4

4.4

4.3

5.4

5.8

Directors Emoluments

0.6

-

-

-

1.1

Other Costs

0.0

-

-

-

0.0

Directors Remuneration

0.6

1.2

0.9

1.0

1.1

Highest Paid Director

0.2

0.3

0.3

0.3

0.3

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

0.0

0.0

0.0

0.0

0.0

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

2.3

2.3

2.5

2.4

3.3

Total Tangible Fixed Assets

2.3

2.3

2.5

2.4

3.3

Intangible Assets

0.0

0.0

0.1

0.2

0.4

Investments

0.0

0.2

0.2

0.2

0.3

Total Fixed Assets

2.3

2.6

2.8

2.8

4.0

Stocks

12.8

7.9

6.0

7.4

9.9

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

12.8

7.9

6.0

7.4

9.9

Trade Debtors

9.8

8.6

7.7

7.4

11.6

Inter-Company Debtors

51.2

43.1

38.7

28.2

30.9

Other Debtors

0.6

0.6

1.4

2.0

4.3

Total Debtors

61.6

52.4

47.8

37.6

46.8

Cash and Equivalents

1.2

0.5

1.0

1.3

0.3

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

75.6

60.8

54.8

46.4

57.0

Total Assets

78.0

63.4

57.6

49.2

61.0

Trade Creditors

5.1

4.3

4.2

4.2

6.8

Inter-Company Creditors

4.5

0.0

0.3

-

-

Hire Purchase (Current
Liability)

0.0

0.0

0.0

0.0

0.0

Finance Lease (Current
Liability)

0.0

0.1

0.2

0.2

0.2

Total Finance Lease/Hire
Purchase (Current Liability)

0.0

0.1

0.2

0.2

0.2

Accruals/Deferred Income
(Current Liability)

0.8

0.8

0.6

0.7

1.0

Social Security/VAT

0.4

0.5

0.5

0.4

0.7

Corporation Tax

0.4

0.6

0.3

1.4

0.0

Other Current Liabilities

7.1

4.4

2.0

3.0

4.0

Total Current Liabilities

18.4

10.6

8.1

9.9

12.8

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

0.1

0.2

0.6

Total Hire Purchase Loans
(Long Term Liability)

0.0

0.0

0.1

0.2

0.6

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

0.1

0.2

0.6

Deferred Taxation

0.2

0.2

0.3

0.2

0.3

Other Provisions

0.1

0.1

0.1

0.0

0.0

Total Provisions

0.3

0.3

0.3

0.2

0.3

Issued Capital

0.0

0.0

0.0

0.0

0.0

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

59.3

52.4

49.1

38.8

47.4

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

59.3

52.4

49.1

38.8

47.4

Net Worth

59.3

52.4

49.0

38.6

47.0

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

4.12

5.71

6.79

4.69

4.47

Liquidity Ratio

3.42

4.97

6.05

3.94

3.69

Stock Turnover

3.13

4.42

5.64

5.01

4.96

Credit Period (Days)

89.34

89.56

83.48

73.49

86.30

Working Capital by Sales

143.22%

142.86%

138.73%

98.65%

90.01%

Trade Credit by Debtors

0.52

0.50

0.54

0.56

0.59

Return on Capital

12.01%

10.21%

9.43%

15.39%

21.19%

Return on Assets

9.18%

8.49%

8.11%

12.30%

16.76%

Profit Margin

17.91%

15.33%

13.87%

16.37%

20.80%

Return on Shareholders Funds

12.07%

10.27%

9.51%

15.58%

21.60%

Borrowing Ratio

7.64%

0.10%

1.10%

1.06%

1.70%

Equity Gearing

76.10%

82.70%

85.29%

78.92%

77.61%

Debt Gearing

-

-

0.11%

0.60%

1.21%

Interest Coverage

47.89

54.33

46.12

22.01

41.01

Sales by Tangible Assets

17.01

14.98

13.63

15.09

14.70

Average Remuneration per
Employee

0.0

0.0

0.0

0.0

0.0

Profit per Employee

0.1

0.0

0.0

0.0

0.1

Sales per Employee

0.3

0.3

0.3

0.3

0.4

Capital Employed per Employee

0.5

0.4

0.4

0.3

0.4

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.6

0.5

0.5

0.4

0.5

Employee Remuneration by Sales

10.73%

12.81%

13.31%

11.52%

11.81%

Creditor Days (Cost of Sales Based)

70.54

68.29

63.94

66.81

86.55

Creditor Days (Sales Based)

46.29

44.75

45.27

41.07

50.60

FOREIGN EXCHANGE RATES

Currency

Unit

Indian
Rupees

US Dollar

1

Rs.54.73

UK
Pound

1

Rs.89.02

Euro

1

Rs.72.48

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%)