MIRA
INFORM REPORT
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Report Date : |
01.02.2012 |
IDENTIFICATION DETAILS
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Name : |
WELLGRAIN LTD. |
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Registered Office : |
Alexander House 38 Forehill Ely, CB7 4ZA |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2011 |
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Date of Incorporation : |
09.10.2003 |
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Com. Reg. No.: |
04926994 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Agricultural service activities; landscape gardening |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Wellgrain Ltd.
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Business
Description
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Agricultural produce. |
Industry
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Industry |
Personal Services |
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ANZSIC 2006: |
6921 - Architectural Services |
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NACE 2002: |
0141 - Agricultural service activities;
landscape gardening |
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NAICS 2002: |
541320 - Landscape Architectural Services |
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UK SIC 2003: |
0141 - Agricultural service activities;
landscape gardening |
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US SIC 1987: |
078 - Landscape and Horticultural Services
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Key Executives
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Financial
Summary
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Corporate Overview
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Corporate Structure News
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Wellgrain Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Ely |
United Kingdom |
Commercial Banks |
59.7 |
43 |
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Subsidiary |
Ely |
United Kingdom |
Personal Services |
72.2 |
15 |
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Subsidiary |
Ely |
United Kingdom |
Personal Services |
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Subsidiary |
Ely |
United Kingdom |
Textiles - Non Apparel |
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Subsidiary |
Ely |
United Kingdom |
Textiles - Non Apparel |
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Executives Report
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Directors and Shareholders Report
Annual Return Date: 09 Oct 2011
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
17 Oct 1958 |
Hay Green Cottage, Hay Green Therfield, |
01 Sep 2005 |
NA |
Current:1 |
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Current |
28 Aug 1965 |
The Well Madeley Court, Church Lane Hemingford Grey, |
09 Oct 2003 |
NA |
Current:7 |
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Current |
21 Dec 1977 |
Alexander House 38 Forehill, |
26 Nov 2010 |
NA |
Current:4 |
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Previous |
23 Aug 1915 |
1A High Haden Road, Glatton, |
01 Mar 2004 |
01 Oct 2007 |
Current:2 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
NA |
5 The Well Madeley Court, Hemingford Grey, |
09 Oct 2003 |
NA |
Current:5 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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04926993 |
95 Ordinary GBP 1.00 |
Ordinary |
95 |
1.00 |
95.00 |
100.00 |
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Annual Profit & Loss
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Financials in: REP (mil) |
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Except for share items (millions) and per
share items (actual units) |
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Turnover |
72.2 |
53.6 |
48.8 |
- |
- |
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Cost of Sales |
70.2 |
52.4 |
48.0 |
- |
- |
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Gross Profit |
2.1 |
1.2 |
0.8 |
2.5 |
0.7 |
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Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Expenses |
1.6 |
1.1 |
0.9 |
1.5 |
0.7 |
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Operating Profit |
0.5 |
0.1 |
-0.1 |
1.0 |
0.1 |
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Other Income |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
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Interest Paid |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Profit Before Taxes |
0.5 |
0.2 |
0.0 |
0.9 |
0.1 |
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Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.3 |
0.0 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit After Taxes |
0.5 |
0.2 |
0.0 |
0.6 |
0.1 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Non Audit Fees |
0.0 |
0.0 |
0.0 |
- |
- |
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Number of Employees |
15 |
14 |
9 |
5 |
5 |
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Wages |
0.6 |
0.5 |
0.3 |
0.3 |
0.2 |
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Social Security Costs |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
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Pensions |
- |
- |
- |
0.0 |
0.0 |
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Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Employees Remuneration |
0.7 |
0.5 |
0.4 |
0.4 |
0.2 |
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Directors Emoluments |
- |
- |
- |
0.2 |
0.1 |
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Other Costs |
- |
- |
- |
0.0 |
0.0 |
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Directors Remuneration |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
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Annual Balance
Sheet |
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Financials in:
GBP (mil) |
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30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Stocks |
0.2 |
0.1 |
0.3 |
- |
- |
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Work in Progress |
0.0 |
0.0 |
0.0 |
- |
- |
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Total Stocks Work In Progress |
0.2 |
0.1 |
0.3 |
0.0 |
0.1 |
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Trade Debtors |
4.6 |
2.9 |
3.6 |
3.2 |
2.2 |
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Inter-Company Debtors |
3.0 |
2.6 |
1.9 |
0.7 |
0.3 |
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Director Loans |
- |
- |
0.0 |
- |
0.0 |
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Other Debtors |
1.7 |
1.4 |
1.2 |
2.3 |
0.5 |
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Total Debtors |
9.2 |
6.9 |
6.7 |
6.1 |
3.0 |
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Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
9.4 |
7.0 |
7.0 |
6.2 |
3.0 |
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Total Assets |
9.5 |
7.0 |
7.0 |
6.2 |
3.0 |
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Trade Creditors |
4.1 |
3.7 |
3.6 |
2.6 |
1.8 |
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Bank Overdraft |
4.0 |
2.2 |
2.4 |
1.9 |
0.9 |
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Inter-Company Creditors |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Director Loans (Current Liability) |
0.0 |
0.0 |
0.2 |
0.0 |
0.0 |
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Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Current Liability) |
0.1 |
0.2 |
0.0 |
0.6 |
0.2 |
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Social Security/VAT |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Corporation Tax |
0.0 |
0.0 |
0.0 |
0.3 |
0.0 |
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Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Liabilities |
8.1 |
6.1 |
6.3 |
5.5 |
2.9 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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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 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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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 |
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Retained Earnings |
1.3 |
0.9 |
0.7 |
0.7 |
0.1 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
1.3 |
0.9 |
0.7 |
0.7 |
0.1 |
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Net Worth |
1.3 |
0.9 |
0.7 |
0.7 |
0.1 |
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Annual Cash
Flows |
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Financials in:
GBP (mil) |
|
|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
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Consolidated |
No |
No |
No |
No |
No |
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Net Cash Flow From Operating Activities |
-1.6 |
0.2 |
-0.4 |
-0.9 |
-0.3 |
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Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
0.0 |
0.0 |
-0.1 |
0.0 |
|
Taxation |
0.0 |
0.0 |
-0.3 |
0.0 |
0.0 |
|
Capital Expenditures |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
1.6 |
-0.2 |
0.6 |
0.0 |
0.0 |
|
Increase in Cash |
-0.2 |
0.0 |
0.0 |
-1.0 |
-0.3 |
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Annual Ratios |
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Financials in:
GBP (mil) |
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|
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
30-Jun-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
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|
Current Ratio |
1.16 |
1.14 |
1.11 |
1.13 |
1.03 |
|
Liquidity Ratio |
1.13 |
1.12 |
1.06 |
1.12 |
1.01 |
|
Stock Turnover |
310.78 |
559.42 |
154.52 |
- |
- |
|
Credit Period (Days) |
23.18 |
19.68 |
26.95 |
- |
- |
|
Working Capital by Sales |
1.81% |
1.60% |
1.43% |
- |
- |
|
Trade Credit by Debtors |
0.88 |
1.28 |
1.01 |
0.83 |
0.84 |
|
Return on Capital |
33.96% |
17.95% |
2.10% |
123.04% |
100.89% |
|
Return on Assets |
4.79% |
2.25% |
0.22% |
14.17% |
3.18% |
|
Profit Margin |
0.63% |
0.30% |
0.03% |
- |
- |
|
Return on Shareholders Funds |
34.10% |
18.04% |
2.11% |
123.21% |
101.44% |
|
Borrowing Ratio |
298.45% |
250.33% |
356.97% |
268.45% |
971.18% |
|
Equity Gearing |
14.05% |
12.48% |
10.26% |
11.50% |
3.13% |
|
Interest Coverage |
3.94 |
14.07 |
0.41 |
9.62 |
- |
|
Sales by Tangible Assets |
2,583.61 |
2,097.63 |
2,023.49 |
- |
- |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.2 |
0.0 |
|
Sales per Employee |
4.8 |
3.8 |
5.4 |
- |
- |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.6 |
0.5 |
0.8 |
1.2 |
0.6 |
|
Employee Remuneration by Sales |
0.94% |
0.97% |
0.75% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
21.10 |
25.68 |
27.76 |
- |
- |
|
Creditor Days (Sales Based) |
20.49 |
25.10 |
27.28 |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.68 |
|
|
1 |
Rs.78.17 |
|
Euro |
1 |
Rs.65.52 |
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.