MIRA INFORM REPORT

 

 

Report Date :

09.06.2012

 

IDENTIFICATION DETAILS

 

Name :

HARRY YEARSLEY LTD.

 

 

Registered Office :

Hareshill Road Heywood, OL10 2TP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

02.04.2011

 

 

Date of Incorporation :

04.11.1955

 

 

Com. Reg. No.:

00556895

 

 

Legal Form :

Private Parent

 

 

Line of Business :

Wholesale of fruit and vegetables

 

 

No. of Employees :

1,083

 

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: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Top of Form

Bottom of Form

Harry Yearsley Ltd.

                                                                                                                                                  

 

Hareshill Road

 

 

Heywood, OL10 2TP

United Kingdom

 

 

Tel:

01706 694600

Fax:

01706 694605

 

www.yearsley.co.uk

 

Employees:

1,083

Company Type:

Private Parent

Corporate Family:

6 Companies

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

04-Nov-1955

Auditor:

PricewaterhouseCoopers LLP

Financials in:

USD (mil)

 

 

Fiscal Year End:

02-Apr-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

189.6  1

Net Income:

1.8

Total Assets:

174.0

                                     

Business Description       

 

Harry Yearsley Ltd. is a privately-owned company that specialises in the sale of frozen foods to wholesalers, retailers, caterers and institutions throughout the United Kingdom. It is also engaged in the storage and distribution of frozen foods. The company’s range of services include storage of raw materials, collection of finished goods and delivery to retailers, wholesalers and other food outlets. It provides a number of cold storage services, such as blast freezing, consolidation, order picking, handball and pallet inversion, sorting, metal detection, repacking and contract packing.

 

          

Industry                                                                                                                               

 

Industry

Food Processing

ANZSIC 2006:

3605 - Fruit and Vegetable Wholesaling

NACE 2002:

5131 - Wholesale of fruit and vegetables

NAICS 2002:

424480 - Fresh Fruit and Vegetable Merchant Wholesalers

UK SIC 2003:

5131 - Wholesale of fruit and vegetables

US SIC 1987:

5148 - Fresh Fruits and Vegetables

                      

Key Executives           

   

 

Name

Title

Harry Edwin Yearsley

Managing Director

Philip John Whitworth

Finance Director and Company Secretary

Timothy Moran

Cold Storage and Distribution Sales Director

Nick Wilkinson

Purchasing Manager

Karen Mosoph

Human Resource Manager

         


News  

 

Title

Date

Storage chamber boosted by Β£500k face-lift
Scunthorpe Evening Telegraph (UK) (313 Words)

18-Aug-2011

Storage chamber boosted by Β£500k face-lift
Grimsby Evening Telegraph (UK) (313 Words)

16-Aug-2011

   

Financial Summary                                                    

 

FYE: 2-Apr-2011

USD (mil)

Key Figures

 

Current Assets

73.97

Fixed Assets

100.02

Total Liabilities

69.09

Net Worth

50.75

 

Key Ratios

 

Current Ratio

1.07

Acid Test

0.91

Debt Gearing

89.41

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6432136
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6237914


Corporate Overview

 

Location
Hareshill Road
Heywood, OL10 2TP
Lancashire County
United Kingdom

 

Tel:

01706 694600

Fax:

01706 694605

 

www.yearsley.co.uk

Sales GBP(mil):

122.0

Assets GBP(mil):

108.5

Employees:

1,083

Fiscal Year End:

02-Apr-2011

 

Industry:

Food Processing

Registered Address:
Hareshill Road
Heywood, OL10 2TP
United Kingdom

 

Incorporation Date:

04-Nov-1955

Company Type:

Private Parent

Quoted Status:

Not Quoted

Registered No.(UK):

00556895

 

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

 

 

 

Industry Codes

 

ANZSIC 2006 Codes:

5309

-

Other Warehousing and Storage Services

3605

-

Fruit and Vegetable Wholesaling

4610

-

Road Freight Transport

360

-

Grocery, Liquor and Tobacco Product Wholesaling

 

NACE 2002 Codes:

6312

-

Storage and warehousing

5131

-

Wholesale of fruit and vegetables

6024

-

Freight transport by road

5138

-

Wholesale of other food including fish, crustaceans and molluscs

 

NAICS 2002 Codes:

493

-

Warehousing and Storage

424480

-

Fresh Fruit and Vegetable Merchant Wholesalers

4841

-

General Freight Trucking

424460

-

Fish and Seafood Merchant Wholesalers

 

US SIC 1987:

5148

-

Fresh Fruits and Vegetables

4225

-

General Warehousing and Storage

514

-

Groceries and Related Products

421

-

Trucking and Courier Services, Except Air

 

UK SIC 2003:

6312

-

Storage and warehousing

5131

-

Wholesale of fruit and vegetables

6024

-

Freight transport by road

5138

-

Wholesale of other food including fish, crustaceans and molluscs

 

 

Business Description

Harry Yearsley Ltd. is a privately-owned company that specialises in the sale of frozen foods to wholesalers, retailers, caterers and institutions throughout the United Kingdom. It is also engaged in the storage and distribution of frozen foods. The company’s range of services include storage of raw materials, collection of finished goods and delivery to retailers, wholesalers and other food outlets. It provides a number of cold storage services, such as blast freezing, consolidation, order picking, handball and pallet inversion, sorting, metal detection, repacking and contract packing.

 

 

More Business Descriptions

Provision of cold storage facilities; retail and wholesale trade in frozen foods

 

Cold Storage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Revenue:

122.0

Net Income:

1.1

Assets:

108.5

Current Assets:

46.1

 

Fixed Assets:

62.4

 

Long Term Debt:

29.1

 

Total Liabilities:

72.2

 

Issued Capital:

0.1

 

Working Capital:

3.0

 

Net Worth:

31.7

 

 

 

Date of Financial Data:

02-Apr-2011

 

1 Year Growth

-3.9%

NA

NA

 

Key Corporate Relationships

Auditor:

PricewaterhouseCoopers LLP

Bank:

The Royal Bank Of Scotland

 

Auditor:

Wrigley Partington, PricewaterhouseCoopers LLP

 

 

 

GBP(mil)

Audit Fees:

0.1

Non Audit Fees:

0.1

Audit Fiscal Year:

04-02-2011

 

 

 

 

 

Corporate Structure News

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Harry Yearsley Ltd.

Parent

Heywood

United Kingdom

Food Processing

189.6

1,083

Belfield Hall Developments Ltd.

Subsidiary

Heywood

United Kingdom

Real Estate Operations

0.1

 

Belfield Farm Ltd.

Subsidiary

Heywood

United Kingdom

Business Services

 

 

Yearsley Cs Ltd.

Subsidiary

Grimsby

United Kingdom

Miscellaneous Transportation

 

 

Snow City Foods Ltd.

Subsidiary

Heywood

United Kingdom

Business Services

 

 

Yearsley Is Ltd.

Subsidiary

Bristol

United Kingdom

Trucking

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Jonathan Carl Baker

 

Commercial Director

Director/Board Member

Mark Haslam

 

Director

Director/Board Member

Ian David King

 

Belfield Director

Director/Board Member

Timothy Moran

 

Cold Storage and Distribution Sales Director

Director/Board Member

Philip John Whitworth

 

Finance Director and Company Secretary

Director/Board Member

Harry Edwin Yearsley

 

Managing Director

Director/Board Member

John Leonard Yearsley

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Harry Edwin Yearsley

 

Managing Director

Managing Director

Edward Yearsley

 

Operations Director

Operations Executive

Philip John Whitworth

 

Finance Director and Company Secretary

Company Secretary

Karen Mosoph

 

Human Resource Manager

Human Resources Executive

Timothy Moran

 

Cold Storage and Distribution Sales Director

Sales Executive

Jonathan Carl Baker

 

Commercial Director

Commercial Executive

Nick Wilkinson

 

Purchasing Manager

Purchasing Executive

 

Directors and Shareholders Report

Annual Return Date: 24 Oct 2011
Total Issued Capital (GBP 000): 91

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Philip John
Whitworth

Current

10 Nov 1962

15 Albury Drive, Norden,
Rochdale, Greater Manchester OL12 7SX

01 Apr 2003

NA

Current:10
Previous:2
Disqualifications:0

 

Ian David
King

Current

01 Oct 1968

Lower Hey House Farm, Scammoden Road Barkisland,
Halifax, West Yorkshire HX4 0EQ

01 Apr 2003

NA

Current:3
Previous:0
Disqualifications:0

 

Jonathan Carl
Baker

Current

16 Nov 1965

21 Woodtop Avenue, Bamford,
Rochdale, Greater Manchester OL11 4BD

01 Oct 2000

NA

Current:3
Previous:0
Disqualifications:0

 

Mark
Haslam

Current

23 May 1970

Gorsey Lane, Widnes,
Widnes, Cheshire WA8 0GG

02 Apr 2012

NA

Current:1
Previous:2
Disqualifications:0

 

John Leonard
Yearsley

Current

26 Nov 1946

18 Bury & Rochdale Old Road, Birtle,
Bury, Greater Manchester BL9 7TZ

27 Mar 1999

NA

Current:4
Previous:3
Disqualifications:0

 

Timothy
Moran

Current

21 Feb 1974

15 Further Field,
Rochdale, Greater Manchester OL11 5PJ

01 Apr 2007

NA

Current:1
Previous:0
Disqualifications:0

 

Harry Edwin
Yearsley

Current

20 Jul 1966

Heights House Farm, Inchfield Road Walsden,
Todmorden, Lancashire OL14 7QP

01 Nov 1997

NA

Current:7
Previous:0
Disqualifications:0

 

Anthony Edward
Yearsley

Previous

20 Mar 1970

4A St Georges Road, Norden,
Rochdale, Greater Manchester OL11 5YN

01 Apr 2003

31 Mar 2011

Current:0
Previous:1
Disqualifications:0

 

Brian
Tomkinson

Previous

11 Nov 1946

1 Hands Lane, Bamford,
Rochdale, Greater Manchester OL11 5LU

01 Oct 2000

31 Dec 2006

Current:0
Previous:1
Disqualifications:0

 

Peter
Yearsley

Previous

10 May 1939

Crofthead Farm Wild House Lane, Milnrow,
Rochdale, Greater Manchester OL16 3TW

24 Oct 1991

04 Mar 1999

Current:1
Previous:1
Disqualifications:0

 

Roger
Yearsley

Previous

31 May 1941

Perissou",
24380 St Mayme De Pereyrol

24 Oct 1991

23 Jan 1995

Current:0
Previous:1
Disqualifications:0

 

Isabella May
Yearsley

Previous

31 Dec 1914

Belfield Hall Farm Albert Royds Street,
Rochdale, Greater Manchester OL16 5AA

24 Oct 1991

14 Aug 1999

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

 

Philip John
Whitworth

Current

10 Nov 1962

15 Albury Drive, Norden,
Rochdale, Greater Manchester OL12 7SX

01 Apr 2003

NA

Current:10
Previous:2
Disqualifications:0

 

Ian
Shinton

Previous

NA

13 Bruce Street,
Rochdale, Greater Manchester OL11 3NH

24 Oct 1991

23 Mar 2001

Current:0
Previous:1
Disqualifications:0

 

John Leonard
Yearsley

Previous

26 Nov 1946

18 Bury & Rochdale Old Road, Birtle,
Bury, Greater Manchester BL9 7TZ

23 Mar 2001

01 Apr 2003

Current:4
Previous:3
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

I M Yearsley Trust

12750 Ordinary GBP 1.00

Ordinary

12,750

1.00

12,750.00

15.55

John Yearsley A Trust

13416 Ordinary GBP 1.00

Ordinary

13,416

1.00

13,416.00

16.36

John Yearsley A Trust

4250 Ordinary GBP 1.00

Ordinary

4,250

1.00

4,250.00

5.18

John Yearsley A Trust

4000 Ordinary GBP 1.00

Ordinary

4,000

1.00

4,000.00

4.88

John Yearsley B Trust

4250 Ordinary GBP 1.00

Ordinary

4,250

1.00

4,250.00

5.18

John Yearsley Trust

2 Ordinary GBP 1.00

Ordinary

2

1.00

2.00

<0.01

Peter Yearsley C Trust

13416 Ordinary GBP 1.00

Ordinary

13,416

1.00

13,416.00

16.36

Peter Yearsley C Trust

4250 Ordinary GBP 1.00

Ordinary

4,250

1.00

4,250.00

5.18

Peter Yearsley C Trust

4000 Ordinary GBP 1.00

Ordinary

4,000

1.00

4,000.00

4.88

Peter Yearsley Trust

2 Ordinary GBP 1.00

Ordinary

2

1.00

2.00

<0.01

Roger Yearsley C Trust

13416 Ordinary GBP 1.00

Ordinary

13,416

1.00

13,416.00

16.36

Roger Yearsley C Trust

4250 Ordinary GBP 1.00

Ordinary

4,250

1.00

4,250.00

5.18

Roger Yearsley C Trust

4000 Ordinary GBP 1.00

Ordinary

4,000

1.00

4,000.00

4.88

Roger Yearsley Trust

2 Ordinary GBP 1.00

Ordinary

2

1.00

2.00

<0.01

 

 

 

 

 

 

 

 

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)

 

 

 

 

02-Apr-2011

27-Mar-2010

28-Mar-2009

29-Mar-2008

31-Mar-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643214

0.628176

0.590376

0.498398

0.528925

Consolidated

Yes

Yes

Yes

Yes

Yes

 

 

 

 

 

 

Turnover (UK)

185.5

199.6

236.4

215.2

199.2

Turnover (Exports)

4.2

2.4

3.3

4.7

5.5

Total Turnover

189.6

202.0

239.7

219.9

204.8

Cost of Sales

114.0

115.3

147.5

141.2

129.2

Gross Profit

75.7

86.7

92.1

78.7

75.6

Depreciation

9.8

10.2

9.2

11.3

9.3

Other Expenses

69.9

75.9

88.8

74.8

71.5

Other Income

0.3

0.4

0.5

2.4

0.2

Interest Paid

2.7

2.5

1.7

2.6

2.6

Exceptional Income

0.2

-0.3

3.7

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

3.5

8.4

5.8

3.8

1.7

Tax Payable / Credit

1.8

5.3

1.6

2.8

0.4

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

1.8

3.1

4.2

1.0

1.3

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

0.2

0.0

0.0

0.0

0.0

Number of Employees

1,083

1,195

1,261

802

808

Wages

43.5

49.1

55.7

53.5

44.4

Social Security Costs

3.9

3.8

3.9

3.0

3.3

Pensions

-

-

-

0.1

-

Other Pension Costs

0.8

0.7

0.7

0.8

0.9

Employees Remuneration

48.2

53.7

60.4

57.2

48.6

Other Costs

-

-

-

0.5

-

Directors Remuneration

1.6

4.4

0.6

0.6

7.7

Highest Paid Director

0.3

1.1

0.1

0.1

4.4

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

02-Apr-2011

27-Mar-2010

28-Mar-2009

29-Mar-2008

31-Mar-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.623791

0.670938

0.698153

0.502715

0.509853

Consolidated

Yes

Yes

Yes

Yes

Yes

 

 

 

 

 

 

Land & Buildings

65.9

63.9

35.2

45.0

47.6

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

31.0

35.7

21.9

36.3

38.8

Total Tangible Fixed Assets

96.9

99.6

57.1

81.3

86.4

Intangible Assets

1.5

0.0

0.0

0.0

0.0

Investments

1.6

1.4

0.0

0.8

0.4

Total Fixed Assets

100.0

101.0

57.1

82.1

86.7

Stocks

11.4

5.3

-

-

-

Work in Progress

0.0

0.0

-

-

-

Total Stocks Work In Progress

11.4

5.3

8.1

8.9

7.7

Trade Debtors

35.5

31.0

35.2

36.2

32.1

Inter-Company Debtors

0.0

0.0

0.0

0.5

1.5

Director Loans

-

-

-

-

0.0

Other Debtors

21.5

10.1

10.9

16.8

4.6

Total Debtors

57.0

41.2

46.1

53.6

38.2

Cash and Equivalents

5.5

3.3

0.1

0.1

1.1

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

74.0

49.8

54.3

62.6

47.0

Total Assets

174.0

150.8

111.4

144.6

133.8

Trade Creditors

27.0

15.3

23.3

23.3

22.8

Bank Overdraft

1.6

1.9

1.4

11.5

0.0

Inter-Company Creditors

0.0

0.0

-

-

-

Director Loans (Current Liability)

0.0

0.0

0.4

1.1

0.3

Hire Purchase (Current Liability)

0.0

-

-

-

-

Finance Lease (Current Liability)

0.0

-

-

-

-

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.6

2.2

4.5

5.4

Total Short Term Loans

7.5

8.1

3.9

6.8

5.8

Accruals/Deferred Income (Current Liability)

11.3

10.4

5.7

16.4

13.3

Social Security/VAT

12.2

1.5

3.8

3.3

4.6

Corporation Tax

5.0

4.9

1.9

2.2

0.6

Dividends (Current Liability)

0.0

0.0

-

-

-

Other Current Liabilities

4.5

7.3

12.9

0.1

0.1

Total Current Liabilities

69.1

49.9

55.4

69.2

52.8

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

-

-

-

Leasing (Long Term Liability)

0.0

0.0

-

-

-

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.6

3.7

7.8

Other Long Term Loans

45.4

46.1

8.3

10.1

13.0

Accruals/Deferred Income (Long Term Liability)

1.3

1.3

1.3

1.8

1.9

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

46.7

47.4

10.2

15.6

22.7

Deferred Taxation

5.7

5.9

6.3

10.6

10.7

Other Provisions

0.0

0.4

0.0

0.0

0.0

Total Provisions

5.7

6.4

6.3

10.6

10.7

Issued Capital

0.1

0.1

0.1

0.2

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

52.2

46.8

39.0

49.1

47.4

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

-0.2

-0.2

-0.4

0.0

0.0

Total Shareholders Funds

52.3

46.9

39.1

49.3

47.6

Net Worth

50.7

46.9

39.1

49.3

47.6

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

02-Apr-2011

27-Mar-2010

28-Mar-2009

29-Mar-2008

31-Mar-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643214

0.628176

0.590376

0.498398

0.528925

Consolidated

Yes

Yes

Yes

Yes

Yes

 

 

 

 

 

 

Net Cash Flow From Operating Activities

19.4

-

3.4

0.9

19.0

Net Cash Flow from ROI and Servicing of Finance

-2.5

-

-1.3

-2.4

-2.5

Taxation

-2.8

-

-3.0

-1.4

-0.4

Capital Expenditures

0.6

-

-1.9

-2.7

-3.4

Acquisitions and Disposals

-3.2

-

-0.2

-0.4

-0.4

Paid Up Equity

0.0

-

0.0

0.0

0.0

Management of Liquid Resources

0.0

-

0.0

0.0

0.0

Net Cash Flow From Financing

-9.1

-

11.2

-6.7

1.9

Increase in Cash

2.4

-

8.3

-12.7

14.3

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

02-Apr-2011

27-Mar-2010

28-Mar-2009

29-Mar-2008

31-Mar-2007

Period Length

53 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.623791

0.670938

0.698153

0.502715

0.509853

Consolidated

Yes

Yes

Yes

Yes

Yes

 

 

 

 

 

 

Current Ratio

1.07

1.00

0.98

0.90

0.89

Liquidity Ratio

0.91

0.89

0.83

0.78

0.75

Stock Turnover

16.84

35.57

25.06

24.47

27.61

Credit Period (Days)

67.63

59.88

63.36

60.68

55.14

Working Capital by Sales

2.54%

-0.08%

-0.56%

-3.06%

-2.71%

Trade Credit by Debtors

0.76

0.49

0.66

0.64

0.71

Return on Capital

3.38%

7.78%

8.81%

4.98%

2.14%

Return on Assets

2.04%

5.20%

4.43%

2.60%

1.29%

Profit Margin

1.85%

4.15%

2.43%

1.72%

0.81%

Return on Shareholders Funds

6.78%

16.72%

12.62%

7.62%

3.63%

Borrowing Ratio

107.28%

120.79%

42.97%

76.45%

67.81%

Equity Gearing

30.06%

31.12%

35.10%

34.06%

35.57%

Debt Gearing

89.41%

98.27%

22.80%

27.90%

43.73%

Interest Coverage

1.32

3.39

3.53

1.48

0.65

Sales by Tangible Assets

1.98

1.90

3.55

2.68

2.46

Average Remuneration per Employee

0.0

0.0

0.0

0.1

0.1

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.2

0.2

0.2

0.3

0.3

Capital Employed per Employee

0.1

0.1

0.0

0.1

0.1

Tangible Assets per Employee

0.1

0.1

0.0

0.1

0.1

Total Assets per Employee

0.2

0.1

0.1

0.2

0.2

Employee Remuneration by Sales

25.43%

26.57%

25.19%

26.03%

23.73%

Creditor Days (Cost of Sales Based)

85.62

51.61

68.07

60.68

62.05

Creditor Days (Sales Based)

51.46

29.46

41.90

38.96

39.14

 

Bottom of Form

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.36

UK Pound

1

Rs.85.64

Euro

1

Rs.69.21

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.