MIRA
INFORM REPORT
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Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ELSTAT ELECTRONICS LTD. |
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Registered Office : |
Unit C Astra Business Centre, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
27.09.1995 |
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Com. Reg. No.: |
03106961 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Design, development, manufacture and sale of electronic temperature control systems |
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No. of Employees : |
238 employees |
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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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).
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Source : CIA |
Company name & address
Elstat Electronics Ltd
Unit C
Astra Business Centre
Longridge Road Ribbleton
Preston, PR2 5AP
United Kingdom
(Trading Address)
Registered Address
Tel: 01612277200
Fax: 01722 703031
Web: www.elstat.co.uk
Synthesis
Employees: 238
Company Type: Private Parent
Corporate Family: 2
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
27-Sep-1995
Auditor: Grant Thornton UK LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: British Pound
Sterling
Annual Sales: 36.6
1
Net Income: 0.4
Total Assets: 19.9
Business Description
Design, development, manufacture and sale of electronic temperature
control systems.
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 2429 - Other
Electronic Equipment Manufacturing
NACE 2002: 3210 - Manufacture
of electronic valves and tubes and other electronic components
NAICS 2002: 33441 -
Semiconductor and Other Electronic Component Manufacturing
UK SIC 2003: 3210 - Manufacture
of electronic valves and tubes and other electronic components
UK SIC 2007: 2611 - Manufacture
of electronic components
US SIC 1987: 367 - Electronic
Components and Accessories
Key Executives
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Name |
Title |
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Dawn Burke |
Secretary |
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Brian Amey |
Director |
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Bruce Kirkpatrick Anderson |
Director |
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James Arbib |
Director |
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Jarrod Inott |
Director |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123\
Corporate Overview
Location
Unit C
Astra Business Centre
Longridge Road Ribbleton
Preston, PR2 5AP
Lancashire County
United Kingdom
Tel: 01612277200
Fax: 01722 703031
Web: www.elstat.co.uk
Sales GBP(mil): 23.7
Assets GBP(mil): 12.7
Employees: 238
Fiscal Year End: 31-Dec-2010
Industry: Electronic Instruments and Controls
Registered
Address:
Unit C Astra Business Centre
Roman Way
Preston, PR2 5AP
United Kingdom
Incorporation Date: 27-Sep-1995
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(UK): 03106961
Director: Bruce
Kirkpatrick Anderson
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2429 - Other Electronic Equipment Manufacturing
NACE 2002 Codes:
3210 - Manufacture of electronic valves and tubes and other
electronic components
NAICS 2002 Codes:
33441 - Semiconductor and Other Electronic Component Manufacturing
US SIC 1987:
367 - Electronic Components and Accessories
UK SIC 2003:
3210 - Manufacture of electronic valves and tubes and other
electronic components
UK SIC 2007:
2611 - Manufacture of electronic components
Business
Description
Design, development, manufacture and sale of electronic temperature
control systems.
More Business
Descriptions
Electronic Component Manufacture and Distribution
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Corporate Family |
Corporate
Structure News: |
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Elstat
Electronics Ltd. |
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Elstat Electronics Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Elstat Electronics Ltd. |
Parent |
Preston |
United Kingdom |
Electronic Instruments and Controls |
36.6 |
238 |
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Elstat International Holdings Ltd. |
Subsidiary |
Preston |
United Kingdom |
Electronic Instruments and Controls |
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Executive report
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Directors and Shareholders Report
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Main Office Address: |
Tel: 01612277200 |
Annual Return Date: 27 Sep 2011 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
25 Dec 1971 |
40 Chelsea Square, |
13 Dec 2005 |
NA |
Current:13 |
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Current |
23 Apr 1947 |
3 The Chestnuts, Easthampstead Road, |
01 Feb 2008 |
NA |
Current:5 |
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Current |
16 Feb 1950 |
Unit C Astra Business Centre, Roman Way, |
01 Sep 2011 |
NA |
Current:1 |
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Current |
30 Apr 1974 |
9 Tower Court, Turton, |
15 Aug 2007 |
NA |
Current:2 |
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Current |
20 Aug 1967 |
20 Berkeley Square, |
15 Jul 2011 |
NA |
Current:1 |
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Current |
20 Aug 1958 |
Unit 4 Warmair House, Green Lane, |
01 Sep 2011 |
NA |
Current:5 |
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|
Previous |
06 Feb 1967 |
2 Railway Court, Ten Pound Walk, |
15 Aug 2007 |
14 Jun 2011 |
Current:5 |
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|
Previous |
20 Nov 1944 |
Thatchers, Russells Water, |
13 Dec 2005 |
13 Nov 2010 |
Current:0 |
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|
Previous |
20 Dec 1946 |
3 Mason Close, Freckleton, |
13 Oct 1995 |
17 Oct 2007 |
Current:3 |
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Previous |
27 Feb 1947 |
29 Brooklands Avenue, Fulwood, |
01 Apr 1999 |
31 May 2007 |
Current:0 |
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Previous |
25 Aug 1972 |
Quantum House Challenge Way, |
01 Apr 2009 |
31 May 2010 |
Current:3 |
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Previous |
04 Dec 1972 |
1 The Monkery, |
23 Sep 2003 |
05 Dec 2007 |
Current:1 |
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Previous |
08 Apr 1962 |
6 Birch Mews, Adel, |
14 Feb 2008 |
31 Mar 2008 |
Current:2 |
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Previous |
04 Jan 1963 |
12 Keighley Road, Crosshills, |
15 Aug 2007 |
01 Jul 2011 |
Current:2 |
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Previous |
14 Jun 1963 |
10 Buckley Chase, |
15 Aug 2007 |
01 Dec 2008 |
Current:0 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Instant Companies Limited |
Previous |
1 Mitchell Lane, |
27 Sep 1995 |
13 Oct 1995 |
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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 |
Unit C Astra Business Centre, Roman Way, |
01 Mar 2010 |
NA |
Current:1 |
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|
Previous |
NA |
5 Pleasant Grove, |
13 Oct 1995 |
23 Oct 2006 |
Current:0 |
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Previous |
27 Feb 1947 |
29 Brooklands Avenue, Fulwood, |
23 Oct 2006 |
31 May 2007 |
Current:0 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Swift Incorporations Limited |
Previous |
26 Church Street, |
27 Sep 1995 |
13 Oct 1995 |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|||
|
Abercon II Trust |
452920 Ordinary GBP 1.00 |
Ordinary |
452,920 |
1.00 |
452,920.00 |
7.80 |
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Angela Caroline Yannaghas |
7735 Ordinary GBP 1.00 |
Ordinary |
7,735 |
1.00 |
7,735.00 |
0.13 |
|||
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Bruce Anderson |
184865 Ordinary GBP 1.00 |
Ordinary |
184,865 |
1.00 |
184,865.00 |
3.19 |
|||
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Colin Hull |
9243 Ordinary GBP 1.00 |
Ordinary |
9,243 |
1.00 |
9,243.00 |
0.16 |
|||
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David Eastham |
30000 Ordinary GBP 1.00 |
Ordinary |
30,000 |
1.00 |
30,000.00 |
0.52 |
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David Stevenson |
389986 Ordinary GBP 1.00 |
Ordinary |
389,986 |
1.00 |
389,986.00 |
6.72 |
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David Walter Sorrell |
84099 Ordinary GBP 1.00 |
Ordinary |
84,099 |
1.00 |
84,099.00 |
1.45 |
|||
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Friends Finance Limited |
113900 Ordinary GBP 1.00 |
Ordinary |
113,900 |
1.00 |
113,900.00 |
1.96 |
|||
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George Manuel Yannaghas |
7736 Ordinary GBP 1.00 |
Ordinary |
7,736 |
1.00 |
7,736.00 |
0.13 |
|||
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Gerard Holmes |
18487 Ordinary GBP 1.00 |
Ordinary |
18,487 |
1.00 |
18,487.00 |
0.32 |
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James Ashley Arbib |
2786129 Ordinary GBP 1.00 |
Ordinary |
2,786,129 |
1.00 |
2,786,129.00 |
48.01 |
|||
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Jarrod Inott |
25881 Ordinary GBP 1.00 |
Ordinary |
25,881 |
1.00 |
25,881.00 |
0.45 |
|||
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Manoli George Richard Yannaghas |
70651 Ordinary GBP 1.00 |
Ordinary |
70,651 |
1.00 |
70,651.00 |
1.22 |
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Mark Ratcliffe |
59157 Ordinary GBP 1.00 |
Ordinary |
59,157 |
1.00 |
59,157.00 |
1.02 |
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Spinkhill Investments |
18487 Ordinary GBP 1.00 |
Ordinary |
18,487 |
1.00 |
18,487.00 |
0.32 |
|||
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Technology Investments LLC |
148460 Ordinary GBP 1.00 |
Ordinary |
148,460 |
1.00 |
148,460.00 |
2.56 |
|||
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Troutriver Limited |
487191 Ordinary GBP 1.00 |
Ordinary |
487,191 |
1.00 |
487,191.00 |
8.40 |
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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 |
|
07824726 |
908241 Ordinary GBP 1.00 |
Ordinary |
908,241 |
1.00 |
908,241.00 |
15.65 |
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
|
Consolidated |
Yes |
Yes |
Yes |
No |
No |
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Total Turnover |
36.6 |
21.3 |
19.6 |
21.4 |
9.1 |
|
Cost of Sales |
19.2 |
11.1 |
10.3 |
17.2 |
8.4 |
|
Gross Profit |
17.4 |
10.2 |
9.3 |
4.2 |
0.7 |
|
Depreciation |
0.5 |
0.4 |
0.3 |
0.5 |
0.2 |
|
Other Expenses |
16.3 |
8.5 |
9.1 |
5.2 |
3.5 |
|
Operating Profit |
1.1 |
1.7 |
- |
-1.0 |
-2.8 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.1 |
0.0 |
0.2 |
3.3 |
0.1 |
|
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 |
1.0 |
1.6 |
0.0 |
-4.4 |
-3.0 |
|
Tax Payable / Credit |
0.6 |
0.3 |
0.0 |
0.0 |
0.0 |
|
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 |
0.4 |
1.3 |
0.0 |
-4.4 |
-3.0 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.0 |
- |
|
Non Audit Fees |
0.1 |
- |
0.1 |
0.1 |
- |
|
Number of Employees |
238 |
186 |
175 |
64 |
61 |
|
Wages |
6.1 |
3.2 |
3.9 |
3.5 |
1.5 |
|
Social Security Costs |
0.5 |
0.3 |
0.3 |
0.3 |
0.1 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
6.6 |
3.6 |
4.2 |
3.9 |
1.6 |
|
Directors Emoluments |
0.9 |
1.3 |
1.1 |
1.4 |
0.4 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Directors Remuneration |
0.9 |
1.3 |
1.1 |
1.5 |
0.4 |
|
Highest Paid Director |
0.3 |
0.6 |
0.3 |
0.6 |
0.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
Yes |
Yes |
Yes |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
1.0 |
0.8 |
0.6 |
0.1 |
0.3 |
|
Plant & Vehicles |
1.3 |
0.9 |
1.2 |
0.0 |
0.4 |
|
Total Tangible Fixed Assets |
2.4 |
1.7 |
1.7 |
0.1 |
0.7 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
1.7 |
0.4 |
|
Total Fixed Assets |
2.4 |
1.7 |
1.7 |
1.8 |
1.1 |
|
Total Stocks Work In Progress |
3.2 |
1.6 |
1.8 |
0.5 |
2.1 |
|
Trade Debtors |
9.8 |
6.8 |
3.8 |
4.3 |
1.9 |
|
Inter-Company Debtors |
0.0 |
0.1 |
0.3 |
2.5 |
0.4 |
|
Other Debtors |
3.9 |
1.3 |
1.1 |
0.9 |
0.1 |
|
Total Debtors |
13.8 |
8.1 |
5.1 |
7.7 |
2.5 |
|
Cash and Equivalents |
0.6 |
0.8 |
0.4 |
1.2 |
0.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
17.6 |
10.5 |
7.3 |
9.4 |
4.8 |
|
Total Assets |
19.9 |
12.3 |
9.0 |
11.1 |
5.9 |
|
Trade Creditors |
7.6 |
4.2 |
2.9 |
1.1 |
1.8 |
|
Bank Overdraft |
0.2 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Inter-Company Creditors |
0.0 |
0.0 |
0.0 |
2.2 |
0.1 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Short Term Loans |
- |
0.7 |
0.4 |
1.1 |
1.0 |
|
Accruals/Deferred Income (Current Liability) |
2.3 |
1.3 |
1.1 |
0.7 |
0.7 |
|
Social Security/VAT |
0.1 |
0.1 |
0.1 |
0.3 |
- |
|
Corporation Tax |
0.2 |
0.4 |
0.0 |
0.1 |
0.0 |
|
Other Current Liabilities |
4.8 |
1.6 |
1.2 |
1.6 |
1.5 |
|
Total Current Liabilities |
15.3 |
8.3 |
5.8 |
7.3 |
5.2 |
|
Hire Purchase (Long Term Liability) |
- |
- |
0.0 |
- |
- |
|
Leasing (Long Term Liability) |
- |
- |
0.0 |
- |
- |
|
Total Hire Purchase Loans (Long Term Liability) |
- |
- |
0.0 |
0.0 |
0.1 |
|
Other Long Term Loans |
0.4 |
0.0 |
0.8 |
1.3 |
0.2 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.4 |
0.0 |
0.8 |
1.3 |
0.2 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
9.1 |
9.8 |
8.7 |
11.7 |
5.3 |
|
Share Premium Accounts |
2.3 |
2.4 |
2.1 |
3.0 |
2.9 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
-7.3 |
-8.3 |
-8.4 |
-12.2 |
-7.7 |
|
Other Reserves |
0.2 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
4.3 |
4.0 |
2.4 |
2.5 |
0.5 |
|
Net Worth |
4.3 |
4.0 |
2.4 |
2.5 |
0.5 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
|
Consolidated |
Yes |
Yes |
Yes |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
1.5 |
- |
0.7 |
- |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
- |
-0.1 |
- |
- |
|
Taxation |
-0.9 |
- |
0.0 |
- |
- |
|
Capital Expenditures |
-1.1 |
- |
-0.6 |
- |
- |
|
Acquisitions and Disposals |
0.0 |
- |
0.0 |
- |
- |
|
Paid Up Equity |
0.0 |
- |
0.0 |
- |
- |
|
Management of Liquid Resources |
0.0 |
- |
0.0 |
- |
- |
|
Net Cash Flow From Financing |
0.5 |
- |
-1.0 |
- |
- |
|
Increase in Cash |
-0.1 |
- |
-1.0 |
- |
- |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
Yes |
Yes |
Yes |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.15 |
1.28 |
1.26 |
1.28 |
0.93 |
|
Liquidity Ratio |
0.94 |
1.08 |
0.95 |
1.22 |
0.51 |
|
Stock Turnover |
11.69 |
13.38 |
8.44 |
45.48 |
4.54 |
|
Credit Period (Days) |
96.16 |
112.43 |
90.07 |
73.93 |
71.93 |
|
Working Capital by Sales |
6.12% |
10.33% |
9.79% |
9.73% |
-3.80% |
|
Trade Credit by Debtors |
0.78 |
0.62 |
0.77 |
0.26 |
0.92 |
|
Return on Capital |
21.63% |
41.73% |
0.16% |
-112.18% |
-410.59% |
|
Return on Assets |
5.04% |
13.66% |
0.06% |
-38.91% |
-53.06% |
|
Profit Margin |
2.71% |
7.63% |
0.03% |
-20.39% |
-32.39% |
|
Return on Shareholders Funds |
23.64% |
42.02% |
0.21% |
-172.25% |
-580.58% |
|
Borrowing Ratio |
14.98% |
19.32% |
50.14% |
190.12% |
268.86% |
|
Equity Gearing |
21.31% |
32.52% |
27.12% |
22.59% |
9.14% |
|
Debt Gearing |
9.14% |
0.49% |
31.36% |
53.15% |
39.59% |
|
Interest Coverage |
12.31 |
54.70 |
0.03 |
-1.31 |
-19.72 |
|
Sales by Tangible Assets |
15.63 |
12.59 |
8.98 |
167.88 |
13.91 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Sales per Employee |
0.2 |
0.1 |
0.1 |
0.3 |
0.2 |
|
Capital Employed per Employee |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Employee Remuneration by Sales |
18.03% |
16.73% |
21.27% |
18.03% |
17.98% |
|
Creditor Days (Cost of Sales Based) |
143.28 |
133.69 |
132.90 |
23.54 |
71.59 |
|
Creditor Days (Sales Based) |
75.14 |
69.65 |
69.59 |
18.95 |
65.89 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.79 |
|
UK Pound |
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.69.71 |
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.