MIRA INFORM REPORT
|
Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
ASOS.COM LTD. |
|
|
|
|
Registered Office : |
Second Floor, Greater London House, Hampstead Road, London, NW1 7FB |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
19.06.1998 |
|
|
|
|
Com. Reg. No.: |
03584121 |
|
|
|
|
Legal Form : |
Private Subsidiary Company |
|
|
|
|
Line of Business : |
Subject is an online fashion store that stocks an extensive range of
designer labels, lifestyle accessories and beauty brands for men and women |
|
|
|
|
No. of Employees
: |
657 |
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 : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United Kingdom |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company name & address
Asos.Com Ltd.
Second Floor Greater London House
Hampstead Road
London, NW1 7FB
United Kingdom
Web: www.asos.com
Synthesis
Employees: 657
Company Type: Private Subsidiary
Corporate Family: 6
Companies
Ultimate Parent: ASOS plc
Quoted Status: Non-quoted Company
Incorporation Date:
19-Jun-1998
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(millions)
Fiscal Year End:
31-Mar-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 527.9
1
Net Income: 25.3
Total Assets: 200.5
Business Description
Asos.com Ltd. is
an online fashion store that stocks an extensive range of designer labels,
lifestyle accessories and beauty brands for men and women. Its men’s wear
range includes coats, jackets, casual wear, tweed and cord jackets, trousers,
knitwear and shirts. The company also offers formal and business wear suits,
ties and sportswear. Its product line includes cufflinks, belts, wallets and
grooming products. It also offers a variety of bags, purses, wallets, hats,
jewellery, lingerie, caps and accessories. In addition, the company stocks a
complete line of footwear. (Updated by OneSource Information Services)
Industry
Industry Business Services
ANZSIC 2006: 6999 - Other
Professional, Scientific and Technical Services Not Elsewhere Classified
NACE 2002: 7487 - Other
business activities not elsewhere classified
NAICS 2002: 5619 - Other
Support Services
UK SIC 2003: 7487 - Other
business activities not elsewhere classified
US SIC 1987: 7389 - Business
Services, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Nicholas John Robertson |
Chief Executive Officer |
|
Nicholas Timothy Beighton |
Director & Company Secretary |
|
Robert Bready |
Product & Trading Director |
|
Jonathan Damian Kamaluddin |
Director |
Financial Summary
FYE: 31-Mar-2011 USD (mil)
Key Figures
Current Assets 142.31
Fixed Assets 58.22
Total Liabilities 108.39
Net Worth 89.09
Key Ratios
Current Ratio 1.31
Acid Test 0.34
Registered No.(UK): 03584121
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497
Corporate Overview
Location
Second Floor Greater London House
Hampstead Road
London, NW1 7FB
London County
United Kingdom
Web: www.asos.com
Sales GBP(mil): 339.7
Assets GBP(mil): 125.1
Employees: 657
Fiscal Year End: 31-Mar-2011
Industry: Business Services
Registered
Address:
Second Floor
Greater London House
Hampstead Road
London, NW1 7FB
United Kingdom
Incorporation Date: 19-Jun-1998
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 03584121
Product & Trading Director: Robert
Bready
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
· Gazette Status
Industry Codes
ANZSIC 2006 Codes:
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
NACE 2002 Codes:
7487 - Other business activities not elsewhere classified
NAICS 2002 Codes:
5619 - Other Support Services
US SIC 1987:
7389 - Business Services, Not Elsewhere Classified
UK SIC 2003:
7487 - Other business activities not elsewhere classified
Business
Description
Asos.com Ltd. is
an online fashion store that stocks an extensive range of designer labels,
lifestyle accessories and beauty brands for men and women. Its men’s wear
range includes coats, jackets, casual wear, tweed and cord jackets, trousers,
knitwear and shirts. The company also offers formal and business wear suits,
ties and sportswear. Its product line includes cufflinks, belts, wallets and
grooming products. It also offers a variety of bags, purses, wallets, hats,
jewellery, lingerie, caps and accessories. In addition, the company stocks a
complete line of footwear.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Corporate
Family |
Corporate
Structure News: |
|
|
|
|
Asos.Com Ltd. |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
ASOS plc |
Parent |
London |
United Kingdom |
Retail (Catalog and Mail Order) |
528.0 |
657 |
|
|
Asos.Com Ltd. |
Subsidiary |
London |
United Kingdom |
Business Services |
527.9 |
657 |
|
|
Crooked Tongues Ltd. |
Subsidiary |
London |
United Kingdom |
Retail (Specialty) |
1.4 |
|
|
|
Asos Marketplace Ltd. |
Subsidiary |
London |
United Kingdom |
Retail (Apparel) |
0.0 |
|
|
|
Entertainment Marketing (UK) Ltd. |
Subsidiary |
London |
United Kingdom |
Advertising |
|
|
|
|
Brindle Ltd. |
Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
|
|
|
EXECUTIVE REPORT
|
Board of
Directors |
|
|
|
|
|||
|
Director & Company Secretary |
Director/Board Member |
|
|||
|
Product & Trading Director |
Director/Board Member |
|
|||
|
Director |
Director/Board Member |
|
|||
|
Chief Executive Officer |
Director/Board Member |
|
|
Executives |
|
|
|
|
|||
|
Chief Executive Officer |
Chief Executive Officer |
|
|||
|
Director & Company Secretary |
Company Secretary |
|
|||
|
Product & Trading Director |
Investment Executive |
|
Directors and Shareholders Report
|
Main Office
Address: |
URL: http://www.asos.com |
Annual Return Date: 19 Jun 2011 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Jonathan Damian |
Current |
13 Apr 1973 |
Greater London House 2Nd Floor, Hampstead Road, |
01 Nov 2004 |
NA |
Current:4 |
|
|
Robert |
Current |
19 May 1968 |
Second Floor Hampstead Road, |
05 Apr 2006 |
NA |
Current:3 |
|
|
Nicholas Timothy |
Current |
22 Aug 1968 |
Second Floor Hampstead Road, |
27 Apr 2009 |
NA |
Current:5 |
|
|
Nicholas John |
Current |
16 Nov 1967 |
Second Floor Hampstead Road, |
19 Jun 1998 |
NA |
Current:5 |
|
|
John Llewellyn |
Previous |
25 Aug 1967 |
Wootton Hall Sparrow Lane, Wootton Bassett, |
01 Mar 2000 |
01 Nov 2004 |
Current:1 |
|
|
Quentin John |
Previous |
20 Oct 1967 |
29 Braidley Road, |
01 Jul 2002 |
02 Jun 2004 |
Current:1 |
|
|
Gregory James |
Previous |
10 Jan 1948 |
8 The Mews, Queniborough Hall Drive Queniborough, |
11 Jul 2005 |
14 Mar 2006 |
Current:1 |
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
||||
|
|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Waterlow Nominees Limited |
Previous |
6-8 Underwood Street, |
19 Jun 1998 |
19 Jun 1998 |
|
|
||||
|
|
||||
|
|
||||
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Nicholas Timothy |
Current |
22 Aug 1968 |
Second Floor Hampstead Road, |
27 Apr 2009 |
NA |
Current:5 |
|
|
Jonathan Damian |
Previous |
13 Apr 1973 |
Greater London House 2Nd Floor, Hampstead Road, |
01 Nov 2004 |
27 Apr 2009 |
Current:4 |
|
|
John Llewellyn |
Previous |
25 Aug 1967 |
Wootton Hall Sparrow Lane, Wootton Bassett, |
01 Jul 2002 |
01 Nov 2004 |
Current:1 |
|
|
Quentin John |
Previous |
20 Oct 1967 |
29 Braidley Road, |
19 Jun 1998 |
01 Jul 2002 |
Current:1 |
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
||||
|
|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Waterlow Secretaries Limited |
Previous |
6-8 Underwood Street, |
19 Jun 1998 |
19 Jun 1998 |
|
|
||||
|
|
||||
|
|
||||
|
Individual Shareholders |
||||||
|
|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Andrea Anderson |
4269 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
4,269 |
1.00 |
4,269.00 |
0.43 |
|
Caren Downie |
5123 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
5,123 |
1.00 |
5,123.00 |
0.51 |
|
Clare Dobbie |
7374 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
7,374 |
1.00 |
7,374.00 |
0.74 |
|
Gwynn Milligan |
5822 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
5,822 |
1.00 |
5,822.00 |
0.58 |
|
James Hart |
4259 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
4,259 |
1.00 |
4,259.00 |
0.43 |
|
Jonathan Kamaluddin |
28841 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
28,841 |
1.00 |
28,841.00 |
2.88 |
|
Nicholas Beighton |
34499 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
34,499 |
1.00 |
34,499.00 |
3.45 |
|
Nicholas Robertson |
70378 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
70,378 |
1.00 |
70,378.00 |
7.04 |
|
Robert Bready |
37259 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
37,259 |
1.00 |
37,259.00 |
3.73 |
|
Stefan Pesticcio |
5337 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
5,337 |
1.00 |
5,337.00 |
0.53 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|||||||
|
|
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Asos Plc |
04006623 |
2 Preferred Ordinary GBP 1.00 |
Preferred Ordinary |
2 |
1.00 |
2.00 |
<0.01 |
|
Asos Plc |
04006623 |
796839 Subordinated Ordinary GBP 1.00 |
Subordinated Ordinary |
796,839 |
1.00 |
796,839.00 |
79.68 |
|
|
|||||||
Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
300.6 |
- |
- |
- |
- |
|
Turnover (Exports) |
227.4 |
- |
- |
- |
- |
|
Total Turnover |
527.9 |
355.2 |
279.0 |
162.6 |
80.6 |
|
Cost of Sales |
323.3 |
206.9 |
158.1 |
87.8 |
46.3 |
|
Gross Profit |
204.7 |
148.4 |
120.9 |
74.8 |
34.3 |
|
Depreciation |
5.2 |
5.3 |
3.1 |
1.9 |
0.9 |
|
Other Expenses |
158.8 |
115.5 |
97.1 |
60.6 |
28.6 |
|
Operating Profit |
- |
32.9 |
- |
14.2 |
- |
|
Other Income |
0.0 |
0.2 |
0.5 |
0.7 |
0.2 |
|
Interest Paid |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Exceptional Income |
-20.1 |
0.0 |
0.0 |
0.0 |
1.1 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
25.5 |
33.0 |
24.3 |
14.9 |
6.9 |
|
Tax Payable / Credit |
0.2 |
7.8 |
6.2 |
4.9 |
1.8 |
|
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 |
25.3 |
25.3 |
18.1 |
10.0 |
5.1 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Non Audit Fees |
0.2 |
0.4 |
0.3 |
0.0 |
0.0 |
|
Number of Employees |
657 |
547 |
370 |
176 |
125 |
|
Wages |
34.9 |
30.1 |
26.6 |
14.4 |
7.0 |
|
Social Security Costs |
3.9 |
3.8 |
2.4 |
1.8 |
0.8 |
|
Pensions |
0.2 |
0.2 |
0.1 |
0.0 |
0.0 |
|
Other Pension Costs |
2.6 |
2.1 |
1.9 |
1.6 |
0.0 |
|
Employees Remuneration |
41.4 |
36.1 |
31.0 |
17.8 |
7.8 |
|
Directors Emoluments |
2.2 |
2.0 |
1.9 |
1.7 |
1.0 |
|
Other Costs |
0.2 |
3.5 |
2.5 |
0.9 |
0.0 |
|
Directors Remuneration |
2.5 |
5.7 |
4.5 |
2.5 |
1.0 |
|
Highest Paid Director |
- |
2.2 |
2.4 |
0.7 |
0.5 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
33.4 |
1.3 |
4.8 |
0.1 |
0.0 |
|
Fixtures & Fittings |
19.6 |
23.9 |
11.7 |
11.0 |
4.1 |
|
Plant & Vehicles |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
53.0 |
25.3 |
16.6 |
11.1 |
4.1 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
5.2 |
5.3 |
4.3 |
0.0 |
0.0 |
|
Total Fixed Assets |
58.2 |
30.6 |
20.9 |
11.1 |
4.1 |
|
Stocks |
- |
- |
- |
23.2 |
11.1 |
|
Work in Progress |
- |
- |
- |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
105.9 |
57.2 |
40.3 |
23.2 |
11.1 |
|
Trade Debtors |
1.4 |
1.3 |
1.1 |
3.5 |
0.4 |
|
Inter-Company Debtors |
3.4 |
- |
0.1 |
- |
- |
|
Other Debtors |
15.0 |
6.9 |
3.9 |
8.2 |
4.1 |
|
Total Debtors |
19.8 |
8.2 |
5.1 |
11.7 |
4.5 |
|
Cash and Equivalents |
7.4 |
23.6 |
19.3 |
20.4 |
10.3 |
|
Other Current Assets |
9.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
142.3 |
89.0 |
64.7 |
55.4 |
26.0 |
|
Total Assets |
200.5 |
119.6 |
85.6 |
66.5 |
30.1 |
|
Trade Creditors |
37.5 |
27.1 |
27.8 |
16.3 |
9.4 |
|
Bank Overdraft |
- |
- |
0.0 |
0.0 |
0.0 |
|
Inter-Company Creditors |
3.4 |
1.9 |
1.3 |
1.8 |
1.4 |
|
Director Loans (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Short Term Loans |
- |
- |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
- |
- |
20.0 |
16.0 |
4.4 |
|
Social Security/VAT |
8.2 |
10.3 |
1.9 |
8.9 |
2.7 |
|
Corporation Tax |
- |
- |
0.0 |
0.0 |
0.0 |
|
Dividends (Current Liability) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
59.2 |
20.4 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
108.4 |
59.8 |
51.0 |
43.0 |
17.9 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
- |
0.0 |
0.0 |
1.4 |
0.0 |
|
Other Provisions |
3.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
3.0 |
0.0 |
0.0 |
1.4 |
0.0 |
|
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 |
89.1 |
59.9 |
34.6 |
22.2 |
12.2 |
|
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 |
89.1 |
59.9 |
34.6 |
22.2 |
12.2 |
|
Net Worth |
89.1 |
59.9 |
34.6 |
22.2 |
12.2 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.31 |
1.49 |
1.27 |
1.29 |
1.45 |
|
Liquidity Ratio |
0.34 |
0.53 |
0.48 |
0.75 |
0.83 |
|
Stock Turnover |
5.14 |
5.91 |
5.89 |
6.93 |
7.50 |
|
Credit Period (Days) |
0.95 |
1.36 |
1.71 |
8.00 |
1.66 |
|
Working Capital by Sales |
6.23% |
8.64% |
5.78% |
7.71% |
9.65% |
|
Trade Credit by Debtors |
26.48 |
21.48 |
24.93 |
4.62 |
24.81 |
|
Return on Capital |
28.52% |
52.54% |
59.55% |
62.64% |
59.18% |
|
Return on Assets |
13.10% |
26.29% |
24.10% |
22.16% |
23.93% |
|
Profit Margin |
4.83% |
9.30% |
8.70% |
9.15% |
8.61% |
|
Return on Shareholders Funds |
29.49% |
52.54% |
59.55% |
66.45% |
59.18% |
|
Borrowing Ratio |
3.86% |
3.23% |
3.61% |
8.05% |
11.13% |
|
Equity Gearing |
44.43% |
50.04% |
40.46% |
33.34% |
40.43% |
|
Interest Coverage |
76.24 |
- |
- |
- |
- |
|
Sales by Tangible Assets |
10.28 |
13.36 |
14.29 |
14.50 |
20.43 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Sales per Employee |
0.8 |
0.6 |
0.6 |
0.9 |
0.7 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Total Assets per Employee |
0.3 |
0.2 |
0.2 |
0.4 |
0.2 |
|
Employee Remuneration by Sales |
7.84% |
10.15% |
11.09% |
10.95% |
9.70% |
|
Creditor Days (Cost of Sales Based) |
41.07 |
50.17 |
75.47 |
68.40 |
71.57 |
|
Creditor Days (Sales Based) |
25.15 |
29.22 |
42.75 |
36.94 |
41.13 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.97 |
|
UK Pound |
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.09 |
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.