MIRA INFORM REPORT
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Report Date : |
08.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SPECTRUM BRANDS (UK) LIMITED |
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Registered Office : |
Regent Mill Fir Street, Failsworth, Manchester, M35 0HS |
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Country : |
United Kingdom |
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Financials (as on) : |
30.09.2011 |
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Date of Incorporation : |
13.06.1989 |
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Com. Reg. No.: |
02394603 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
producer of batteries and rechargeables |
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No. of Employees : |
292 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
United
Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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).
|
Source : CIA |
Company name & address
Spectrum Brands (UK) Ltd.
Unit 2a
Stephenson Road
Washington, NE37 3HW
United Kingdom
Tel: 0161 947 3000
Fax: 0191 419 6153
Web: www.rayovac.com
Synthesis
Employees: 292
Company Type: Private Subsidiary
Corporate Family: 113
Companies
Ultimate Parent: Harbinger
Capital Partners LLC
Quoted Status: Non-quoted Company
Incorporation Date:
13-Jun-1989
Auditor: KPMG LLP
Financials in: USD
(Millions)
Fiscal Year End:
30-Sep-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 184.4
1
Net Income: 14.3
Total Assets: 480.3
Business Description
Rayovac Europe Ltd. is a leading producer of batteries and rechargeables. The company supplies products for the hearing aid, flashlight, professional and industrial industries. It is a private subsidiary of Spectrum Brands Inc. Spectrum Brands is a global consumer products company, as well as a leading supplier of batteries, lawn and garden care products, specialty pet supplies and grooming products. The company consists of a broad range of brand names, including VARTA, Remington, Spectracide, Schultz, Garden Safe, REPEL, Tetra, Jungle, and Nature’s Miracle. Its products are sold by some of the world’s top retailers and are available in more than 1 million stores worldwide. Rayovac Europe Ltd., incorporated in 1989, maintains its head offices in Staines, Middlesex. (Updated by OneSource Information Services)
Industry
Industry Electronic Instruments and Controls
ANZSIC 2006: 2439 - Other
Electrical Equipment Manufacturing
NACE 2002: 3140 - Manufacture
of accumulators, primary cells and primary batteries
NAICS 2002: 335912 - Primary
Battery Manufacturing
UK SIC 2003: 3140 - Manufacture
of accumulators, primary cells and primary batteries
UK SIC 2007: 2720 - Manufacture
of batteries and accumulators
US SIC 1987: 3692 - Primary
Batteries, Dry and Wet
Key
Executives
|
Name |
Title |
|
Andreas Rouve |
Chief Financial Officer |
|
Lyndsey Turner |
Customer Services Administrator |
|
Andrew David Streets |
Secretary |
|
Anja Krueger |
Director of Legal Affairs |
|
Christopher Berry |
Director |
Financial
Summary
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Registered No.(UK): 02394603
Parent Registered No.(UK): 00316436
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6229723
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6419309
Corporate Overview
Location
Unit 2a
Stephenson Road
Washington, NE37 3HW
Tyne And Wear County
United Kingdom
Tel: 0161 947 3000
Fax: 0191 419 6153
Web: www.rayovac.com
Sales GBP(mil): 114.9
Assets GBP(mil): 308.3
Employees: 292
Fiscal Year End: 30-Sep-2011
Industry: Electronic
Instruments and Controls
Registered
Address:
Regent Mill Fir Street
Failsworth
Manchester, M35 0HS
United Kingdom
Incorporation Date: 13-Jun-1989
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 02394603
Parent Registered No.(UK): 00316436
Director: David
William Pool
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2439 - Other Electrical Equipment Manufacturing
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002 Codes:
3140 - Manufacture of accumulators, primary cells and primary
batteries
5147 - Wholesale of other household goods
7487 - Other business activities not elsewhere classified
NAICS 2002 Codes:
335912 - Primary Battery Manufacturing
4232 - Furniture and Home Furnishing Merchant Wholesalers
5619 - Other Support Services
US SIC 1987:
3692 - Primary Batteries, Dry and Wet
7389 - Business Services, Not Elsewhere Classified
5099 - Durable Goods, Not Elsewhere Classified
UK SIC 2003:
3140 - Manufacture of accumulators, primary cells and primary
batteries
5147 - Wholesale of other household goods
7487 - Other business activities not elsewhere classified
UK SIC 2007:
2720 - Manufacture of batteries and accumulators
8299 - Other business support service activities n.e.c.
4649 - Wholesale of other household goods
Business
Description
Rayovac Europe
Ltd. is a leading producer of batteries and rechargeables. The company supplies
products for the hearing aid, flashlight, professional and industrial
industries. It is a private subsidiary of Spectrum Brands Inc. Spectrum Brands
is a global consumer products company, as well as a leading supplier of
batteries, lawn and garden care products, specialty pet supplies and grooming
products. The company consists of a broad range of brand names, including
VARTA, Remington, Spectracide, Schultz, Garden Safe, REPEL, Tetra, Jungle, and
Nature’s Miracle. Its products are sold by some of the world’s top
retailers and are available in more than 1 million stores worldwide. Rayovac
Europe Ltd., incorporated in 1989, maintains its head offices in Staines,
Middlesex. (Updated by OneSource Information Services)
More Business Descriptions
Holding Company;
Regional Managing Office
Battery Suppliers
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%20LIMITED%20-%20196364%2008-Oct-2012_files/image005.gif){kind=small}
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Corporate Family |
Corporate
Structure News: |
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Harbinger
Capital Partners LLC |
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Spectrum Brands (UK) Ltd. |
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Company Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
New York, NY |
United States |
Investment Services |
|
|
|
|
Holding |
New York, NY |
United States |
Miscellaneous Financial Services |
3,477.8 |
6,000 |
|
|
Subsidiary |
Madison, WI |
United States |
Electronic Instruments and Controls |
3,186.9 |
5,900 |
|
|
Subsidiary |
Madison, WI |
United States |
Miscellaneous Financial Services |
3,186.9 |
5,900 |
|
|
Subsidiary |
Madison, WI |
United States |
Miscellaneous Financial Services |
4.0 |
1,000 |
|
|
Subsidiary |
Dublin, Ballymount |
Ireland |
Appliance and Tool |
|
628 |
|
|
Subsidiary |
Staines |
United Kingdom |
Nonclassifiable Industries |
|
50 |
|
|
Subsidiary |
Mentone, VIC |
Australia |
Appliance and Tool |
25.1 |
30 |
|
|
Subsidiary |
Newmarket |
New Zealand |
Appliance and Tool |
1.5 |
4 |
|
|
Division |
Alpharetta, GA |
United States |
Chemical Manufacturing |
|
900 |
|
|
Branch |
Bridgeton, MO |
United States |
Chemical Manufacturing |
95.3 |
75 |
|
|
Branch |
Bridgeton, MO |
United States |
Miscellaneous Fabricated Products |
0.8 |
4 |
|
|
Division |
Miramar, FL |
United States |
Miscellaneous Financial Services |
330.3 |
575 |
|
|
Subsidiary |
Ciudad De Mexico, Distrito Federal |
Mexico |
Appliance and Tool |
117.4 |
2,400 |
|
|
Subsidiary |
Miramar, FL |
United States |
Appliance and Tool |
|
500 |
|
|
Subsidiary |
Miramar, FL |
United States |
Miscellaneous Capital Goods |
|
458 |
|
|
Branch |
Miami, FL |
United States |
Furniture and Fixtures |
3.3 |
6 |
|
|
Branch |
Redlands, CA |
United States |
Appliance and Tool |
4.0 |
2 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
42.7 |
149 |
|
|
Subsidiary |
NĂ¼rnberg |
Germany |
Electronic Instruments and Controls |
22.4 |
24 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Orsay |
France |
Appliance and Tool |
|
|
|
|
Subsidiary |
Amsterdam |
Netherlands |
Appliance and Tool |
|
|
|
|
Subsidiary |
Bogota, Bogota |
Colombia |
Appliance and Tool |
0.0 |
29 |
|
|
Subsidiary |
Mentone, VIC |
Australia |
Appliance and Tool |
1.0 |
25 |
|
|
Subsidiary |
Hong Kong |
Hong Kong |
Appliance and Tool |
1.0 |
|
|
|
Subsidiary |
Santiago |
Chile |
Appliance and Tool |
|
|
|
|
Subsidiary |
Auckland |
New Zealand |
Appliance and Tool |
|
|
|
|
Subsidiary |
Kowloon |
Hong Kong |
Appliance and Tool |
|
|
|
|
Subsidiary |
Washington |
United Kingdom |
Electronic Instruments and Controls |
184.4 |
292 |
|
|
Subsidiary |
Ellwangen |
Germany |
Electronic Instruments and Controls |
1.0 |
300 |
|
|
Subsidiary |
Courbevoie |
France |
Auto and Truck Parts |
120.3 |
74 |
|
|
Subsidiary |
Utrecht |
Netherlands |
Electronic Instruments and Controls |
|
30 |
|
|
Subsidiary |
Sulzbach (Taunus), Hessen |
Germany |
Commercial Banks |
|
3 |
|
|
Subsidiary |
Hochheim Am Main, Hessen |
Germany |
Commercial Banks |
|
1 |
|
|
Subsidiary |
Berlin, Berlin |
Germany |
Containers and Packaging |
|
200 |
|
|
Subsidiary |
Sulzbach (Taunus), Hessen |
Germany |
Commercial Banks |
|
|
|
|
Subsidiary |
Istanbul (Europe) |
Turkey |
Electronic Instruments and Controls |
|
44 |
|
|
Subsidiary |
Basiglio, Milano |
Italy |
Electronic Instruments and Controls |
41.8 |
27 |
|
|
Subsidiary |
Ceska Lipa |
Czech Republic |
Miscellaneous Capital Goods |
11.1 |
15 |
|
|
Subsidiary |
Sulzbach, Saarland |
Germany |
Business Services |
|
1 |
|
|
Subsidiary |
Sulzbach (Taunus), Hessen |
Germany |
Business Services |
|
1 |
|
|
Subsidiary |
Melle, Niedersachsen |
Germany |
Commercial Banks |
|
|
|
|
Subsidiary |
Brunn am Gebirge |
Austria |
Auto and Truck Parts |
20.5 |
16 |
|
|
Subsidiary |
Budapest |
Hungary |
Electronic Instruments and Controls |
|
9 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Facility |
Fennimore, WI |
United States |
Electronic Instruments and Controls |
101.8 |
180 |
|
|
Subsidiary |
Santa Tecla |
El Salvador |
Appliance and Tool |
|
62 |
|
|
Subsidiary |
Santo Domingo |
Dominican Republic |
Electronic Instruments and Controls |
|
50 |
|
|
Subsidiary |
San Jose |
Costa Rica |
Appliance and Tool |
|
20 |
|
|
Subsidiary |
Buenos Aires |
Argentina |
Appliance and Tool |
|
15 |
|
|
Subsidiary |
Mississauga, ON |
Canada |
Appliance and Tool |
6.0 |
6 |
|
|
Subsidiary |
Santiago |
Chile |
Appliance and Tool |
|
|
|
|
Subsidiary |
Tegucigalpa |
Honduras |
Retail (Technology) |
|
|
|
|
Subsidiary |
Ellwangen (Jagst), Baden-WĂ¼rttemberg |
Germany |
Electronic Instruments and Controls |
383.6 |
700 |
|
|
Subsidiary |
Wien |
Austria |
Electronic Instruments and Controls |
1.0 |
20 |
|
|
Subsidiary |
Bogota, Cundinamarca |
Colombia |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Dublin |
Ireland |
Personal Services |
|
628 |
|
|
Subsidiary |
Madison, WI |
United States |
Electronic Instruments and Controls |
|
600 |
|
|
Subsidiary |
Carabobo, Valencia |
Venezuela |
Miscellaneous Capital Goods |
|
100 |
|
|
Branch |
Pinellas Park, FL |
United States |
Retail (Specialty) |
0.4 |
2 |
|
|
Branch |
Largo, FL |
United States |
Electronic Instruments and Controls |
0.5 |
1 |
|
|
Subsidiary |
Melle, Niedersachsen |
Germany |
Personal and Household Products |
148.8 |
455 |
|
|
Subsidiary |
TultitlĂ¡n, Estado de MĂ©xico |
Mexico |
Electronic Instruments and Controls |
250.0 |
140 |
|
|
Subsidiary |
Bogota, Cundinamarca |
Colombia |
Electronic Instruments and Controls |
75.0 |
209 |
|
|
Subsidiary |
Bridgeton, MO |
United States |
Personal and Household Products |
40.0 |
24 |
|
|
Subsidiary |
Mississauga, ON |
Canada |
Electronic Instruments and Controls |
|
18 |
|
|
Subsidiary |
Wilmington, DE |
United States |
Miscellaneous Financial Services |
12.1 |
15 |
|
|
Subsidiary |
Cincinnati, OH |
United States |
Food Processing |
579.0 |
7 |
|
|
Branch |
Islandia, NY |
United States |
Food Processing |
224.4 |
200 |
|
|
Branch |
Blacksburg, VA |
United States |
Food Processing |
162.2 |
200 |
|
|
Branch |
Phoenix, AZ |
United States |
Personal and Household Products |
3.6 |
5 |
|
|
Branch |
Rogers, AR |
United States |
Personal and Household Products |
3.6 |
5 |
|
|
Branch |
Leonardo, NJ |
United States |
Food Processing |
4.5 |
4 |
|
|
Branch |
San Diego, CA |
United States |
Personal and Household Products |
2.9 |
4 |
|
|
Branch |
Aiea, HI |
United States |
Retail (Specialty) |
0.5 |
3 |
|
|
Subsidiary |
SĂ£o Paulo |
Brazil |
Electronic Instruments and Controls |
350.0 |
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Manchester |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Southampton |
United Kingdom |
Business Services |
15.3 |
23 |
|
|
Subsidiary |
Houston, TX |
United States |
Fish and Livestock |
235.2 |
495 |
|
|
Subsidiary |
Houston, TX |
United States |
Biotechnology and Drugs |
|
50 |
|
|
Branch |
Abbeville, LA |
United States |
Food Processing |
399.6 |
300 |
|
|
Branch |
Moss Point, MS |
United States |
Food Processing |
75.2 |
200 |
|
|
Branch |
Cameron, LA |
United States |
Food Processing |
199.8 |
150 |
|
|
Subsidiary |
Houston, TX |
United States |
Biotechnology and Drugs |
|
100 |
|
|
Branch |
Abbeville, LA |
United States |
Food Processing |
9.3 |
7 |
|
|
Branch |
Sulphur, LA |
United States |
Food Processing |
8.0 |
6 |
|
|
Branch |
Reedville, VA |
United States |
Food Processing |
5.3 |
4 |
|
|
Branch |
Boerne, TX |
United States |
Food Processing |
5.3 |
4 |
|
|
Branch |
Amelia, LA |
United States |
Food Processing |
1.1 |
3 |
|
|
Subsidiary |
Moss Point, MS |
United States |
Miscellaneous Transportation |
|
30 |
|
|
Subsidiary |
Batavia, IL |
United States |
Chemical Manufacturing |
|
28 |
|
|
Subsidiary |
Irvine, CA |
United States |
Food Processing |
|
9 |
|
|
Subsidiary |
New York, NY |
United States |
Miscellaneous Financial Services |
0.0 |
3 |
|
|
Subsidiary |
Baltimore, MD |
United States |
Miscellaneous Financial Services |
17,000.0 |
|
|
|
Subsidiary |
Baltimore, MD |
United States |
Insurance (Life) |
|
200 |
|
|
Subsidiary |
Purchase, NY |
United States |
Investment Services |
|
|
|
|
Subsidiary |
Madison, WI |
United States |
Electronic Instruments and Controls |
3,186.9 |
|
|
|
Branch |
Portage, WI |
United States |
Electronic Instruments and Controls |
61.2 |
202 |
|
|
Branch |
Overland, MO |
United States |
Chemical Manufacturing |
76.3 |
60 |
|
|
Branch |
Bentonville, AR |
United States |
Retail (Specialty) |
9.0 |
32 |
|
|
Branch |
Mooresville, NC |
United States |
Appliance and Tool |
25.9 |
13 |
|
|
Branch |
Bentonville, AR |
United States |
Personal and Household Products |
3.6 |
5 |
|
|
Branch |
Dixon, IL |
United States |
Electronic Instruments and Controls |
2.0 |
4 |
|
|
Holding |
Reston, VA |
United States |
Software and Programming |
34.5 |
181 |
|
|
Subsidiary |
Ottawa, ON |
Canada |
Communications Services |
32.7 |
125 |
|
|
Subsidiary |
Duluth, GA |
United States |
Broadcasting and Cable Television |
|
25 |
|
|
Branch |
Duluth, GA |
United States |
Communications Services |
1.5 |
7 |
Executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Director of Legal Affairs |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Customer Services Administrator |
Administration Executive |
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Secretary |
Company Secretary |
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Chief Financial Officer |
Finance Executive |
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Director of Legal Affairs |
Legal Executive |
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Directors
and Shareholders Report
|
Main Office Address: |
Tel: 0161
947 3000 |
Annual Return Date: 20
May 2012 |
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Individual Directors |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
23 Apr 1962 |
Regent Mill Fir Street, Failsworth, |
16 Dec 2010 |
NA |
Current:2 |
|
|
|
Current |
14 Apr 1953 |
Wentwood House, Carr Lane, |
16 Dec 2010 |
NA |
Current:24 |
|
|
|
Current |
02 Jul 1961 |
Primrose Cottage Twynhams Hill, |
27 Apr 2012 |
NA |
Current:1 |
|
|
|
Current |
17 Apr 1954 |
5 Saddleback Close, Worsley, |
16 Dec 2010 |
NA |
Current:17 |
|
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|
Current |
16 Jan 1967 |
Salton Mill Fir Street, Failsworth, |
29 Apr 2006 |
NA |
Current:5 |
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|
Current |
06 Jun 1961 |
Oranienstrasse 82 A, |
29 Apr 2006 |
NA |
Current:1 |
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Previous |
23 Aug 1960 |
160 S. Industrial Boulevard, Calhoun, |
13 Mar 2000 |
21 Jul 2006 |
Current:1 |
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Previous |
26 Apr 1941 |
505 Summit Road, |
13 Jun 1992 |
07 Mar 2000 |
Current:0 |
|
|
|
Previous |
30 Nov 1974 |
14A Oxford Road North, |
10 Oct 2008 |
16 Dec 2010 |
Current:0 |
|
|
|
Previous |
13 Aug 1954 |
Verlaet 9, |
03 Sep 2007 |
10 Oct 2008 |
Current:0 |
|
|
|
Previous |
08 Jul 1939 |
Vitacura 10 Calle Du Hondura, |
06 Dec 1993 |
30 Sep 1998 |
Current:0 |
|
|
|
Previous |
04 Apr 1961 |
The Downs, 9 Donnington Park, |
03 Sep 2007 |
10 Oct 2008 |
Current:0 |
|
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|
Previous |
21 Oct 1969 |
Heinrich- Bingemer-Weg 2 A, |
19 Apr 2006 |
04 Sep 2007 |
Current:0 |
|
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Previous |
26 Dec 1942 |
26 Avon Castle Drive, |
NA |
29 Feb 1996 |
Current:1 |
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|
Previous |
28 Jun 1946 |
41 Basing Hill, |
NA |
22 Jan 1997 |
Current:0 |
|
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|
Previous |
11 May 1937 |
7426 Welton Drive, Madison, |
13 Jun 1992 |
22 Jan 1997 |
Current:0 |
|
|
|
Previous |
11 Dec 1955 |
16 Springston Road, |
22 Jan 1997 |
06 Jun 2003 |
Current:0 |
|
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|
Previous |
08 Oct 1948 |
601 Rayovac Drive, Madison, |
13 Jun 1992 |
22 Jan 1997 |
Current:0 |
|
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|
Previous |
30 Jan 1954 |
Courtlands College Avenue, |
14 Sep 1998 |
30 Jun 2000 |
Current:0 |
|
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|
Previous |
25 Sep 1952 |
149 Three Bridges Road, |
06 Jun 2003 |
29 Aug 2006 |
Current:0 |
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Previous |
31 Dec 1949 |
7 Eagle Place, |
01 Jul 2000 |
06 Jun 2003 |
Current:0 |
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|
Previous |
25 Apr 1946 |
15695 Villoresi Way, |
22 Jan 1997 |
21 Jul 2006 |
Current:0 |
|
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|
Previous |
NA |
Wiesbadenerstr 82, |
06 Jun 2003 |
23 Jan 2008 |
Current:0 |
|
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|
Previous |
27 Oct 1962 |
Hugo Amelung Strasse 2 B, |
09 Jan 2004 |
21 Jan 2008 |
Current:0 |
|
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|
Previous |
28 Oct 1962 |
14 Kestrel Road, Kempshott, |
26 Feb 2004 |
28 Apr 2006 |
Current:0 |
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|
Previous |
11 Jan 1966 |
266 Kiln Road, |
06 Jun 2003 |
09 Jan 2004 |
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 |
|
|
Current |
NA |
Wentwood House Carr Lane, |
16 Dec 2010 |
NA |
Current:1 |
|
|
|
Previous |
29 Jan 1969 |
85 Longmeads, |
04 May 2004 |
17 Feb 2006 |
Current:1 |
|
|
|
Previous |
NA |
25 Fernihough Close, |
17 Feb 2006 |
28 Jan 2011 |
Current:0 |
|
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|
Previous |
11 Dec 1955 |
16 Springston Road, |
13 Jun 1992 |
06 Jun 2003 |
Current:0 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Blackbrook Secretarial Services Limited |
Previous |
Blackbrook Gate, Blackbrook Park Avenue, |
06 Jun 2003 |
04 May 2004 |
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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 |
|
Salton UK |
78456823 Ordinary GBP 1.00 |
Ordinary |
78,456,823 |
1.00 |
78,456,823.00 |
100.00 |
|
|
|
|
|
|
|
|
|
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)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.622972 |
0.64255 |
0.647882 |
0.507879 |
0.508116 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Turnover |
184.4 |
88.6 |
84.8 |
108.0 |
123.5 |
|
Cost of Sales |
121.4 |
57.4 |
57.1 |
69.7 |
82.8 |
|
Gross Profit |
62.9 |
31.3 |
27.8 |
38.3 |
40.7 |
|
Depreciation |
2.1 |
0.8 |
0.9 |
1.2 |
1.3 |
|
Other Expenses |
37.9 |
20.2 |
21.3 |
26.9 |
31.1 |
|
Operating Profit |
25.1 |
11.0 |
6.5 |
11.4 |
9.6 |
|
Other Income |
3.2 |
1.3 |
10.7 |
24.6 |
6.3 |
|
Interest Paid |
6.0 |
3.6 |
0.6 |
0.5 |
0.5 |
|
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 |
22.3 |
8.7 |
16.5 |
35.5 |
15.4 |
|
Tax Payable / Credit |
8.0 |
2.7 |
5.7 |
7.9 |
5.1 |
|
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 |
14.3 |
5.9 |
10.8 |
27.6 |
10.3 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Number of Employees |
292 |
191 |
172 |
173 |
182 |
|
Wages |
14.8 |
6.0 |
5.4 |
11.6 |
12.8 |
|
Social Security Costs |
1.4 |
0.8 |
0.7 |
1.3 |
1.4 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.6 |
0.2 |
0.4 |
0.4 |
0.6 |
|
Employees Remuneration |
16.9 |
7.0 |
6.5 |
13.3 |
14.7 |
|
Directors Emoluments |
0.8 |
0.2 |
0.2 |
0.3 |
0.0 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.8 |
0.2 |
0.3 |
0.3 |
0.0 |
|
Highest Paid Director |
0.3 |
- |
- |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.641931 |
0.634598 |
0.625254 |
0.561026 |
0.490834 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
16.7 |
2.5 |
0.5 |
0.3 |
0.3 |
|
Fixtures & Fittings |
0.0 |
0.1 |
0.1 |
0.4 |
0.9 |
|
Plant & Vehicles |
5.1 |
2.9 |
3.4 |
3.6 |
4.6 |
|
Total Tangible Fixed Assets |
21.8 |
5.4 |
4.0 |
4.3 |
5.8 |
|
Intangible Assets |
75.2 |
22.1 |
16.6 |
19.8 |
24.2 |
|
Investments |
161.6 |
55.3 |
56.1 |
65.5 |
74.9 |
|
Total Fixed Assets |
258.7 |
82.8 |
76.7 |
89.7 |
104.8 |
|
Stocks |
22.6 |
7.2 |
6.7 |
11.8 |
11.9 |
|
Work in Progress |
1.1 |
1.0 |
0.9 |
0.8 |
0.8 |
|
Total Stocks Work In Progress |
23.7 |
8.3 |
7.6 |
12.6 |
12.7 |
|
Trade Debtors |
13.5 |
8.0 |
10.4 |
13.7 |
22.4 |
|
Inter-Company Debtors |
160.9 |
57.0 |
53.2 |
96.5 |
92.3 |
|
Other Debtors |
5.0 |
5.0 |
4.6 |
3.1 |
3.8 |
|
Total Debtors |
179.4 |
70.0 |
68.2 |
113.3 |
118.6 |
|
Cash and Equivalents |
18.5 |
3.7 |
5.6 |
7.8 |
2.6 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
221.6 |
82.0 |
81.4 |
133.7 |
133.8 |
|
Total Assets |
480.3 |
164.8 |
158.1 |
223.3 |
238.6 |
|
Trade Creditors |
18.7 |
- |
6.6 |
10.3 |
16.0 |
|
Bank Overdraft |
0.0 |
- |
1.0 |
0.0 |
0.0 |
|
Inter-Company Creditors |
0.0 |
- |
7.9 |
8.3 |
14.1 |
|
Director Loans (Current Liability) |
153.9 |
- |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.3 |
- |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.3 |
- |
0.0 |
0.0 |
0.0 |
|
Total Short Term Loans |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
24.4 |
- |
5.0 |
5.4 |
5.4 |
|
Social Security/VAT |
3.4 |
- |
1.1 |
0.1 |
2.7 |
|
Corporation Tax |
3.6 |
- |
2.3 |
6.0 |
3.1 |
|
Dividends (Current Liability) |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
26.1 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
204.3 |
26.1 |
23.9 |
30.1 |
41.3 |
|
Group Loans (Long Term Liability) |
44.2 |
44.6 |
45.4 |
50.5 |
57.8 |
|
Director Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
10.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
54.7 |
44.6 |
45.4 |
50.5 |
57.8 |
|
Deferred Taxation |
0.0 |
0.0 |
1.3 |
0.6 |
0.0 |
|
Other Provisions |
12.2 |
6.1 |
3.6 |
3.9 |
10.3 |
|
Total Provisions |
12.2 |
6.1 |
4.9 |
4.6 |
10.3 |
|
Issued Capital |
122.2 |
15.6 |
15.8 |
17.6 |
20.1 |
|
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 |
43.5 |
28.6 |
23.6 |
70.9 |
52.5 |
|
Other Reserves |
43.3 |
43.8 |
44.5 |
49.6 |
56.7 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
209.1 |
88.0 |
83.9 |
138.1 |
129.3 |
|
Net Worth |
133.9 |
65.9 |
67.3 |
118.3 |
105.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.622972 |
0.64255 |
0.647882 |
0.507879 |
0.508116 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
30-Sep-2011 |
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.641931 |
0.634598 |
0.625254 |
0.561026 |
0.490834 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.08 |
3.14 |
3.40 |
4.44 |
3.24 |
|
Liquidity Ratio |
0.97 |
2.82 |
3.09 |
4.02 |
2.93 |
|
Stock Turnover |
7.55 |
10.84 |
11.56 |
7.76 |
10.08 |
|
Credit Period (Days) |
27.56 |
32.68 |
43.22 |
50.98 |
63.93 |
|
Working Capital by Sales |
9.68% |
62.29% |
65.36% |
105.94% |
72.36% |
|
Trade Credit by Debtors |
1.38 |
- |
0.63 |
0.75 |
0.72 |
|
Return on Capital |
7.84% |
6.32% |
12.76% |
16.63% |
8.07% |
|
Return on Assets |
4.50% |
5.32% |
10.83% |
14.39% |
6.68% |
|
Profit Margin |
12.09% |
9.76% |
19.48% |
32.88% |
12.46% |
|
Return on Shareholders Funds |
10.35% |
9.95% |
20.41% |
23.27% |
12.32% |
|
Borrowing Ratio |
155.91% |
67.70% |
80.76% |
49.76% |
68.34% |
|
Equity Gearing |
43.54% |
53.41% |
53.07% |
61.83% |
54.18% |
|
Debt Gearing |
40.74% |
67.70% |
67.47% |
42.73% |
54.96% |
|
Interest Coverage |
3.73 |
2.37 |
27.24 |
70.43 |
31.78 |
|
Sales by Tangible Assets |
8.21 |
16.70 |
21.86 |
22.54 |
22.17 |
|
Average Remuneration per Employee |
0.1 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Profit per Employee |
0.1 |
0.0 |
0.1 |
0.2 |
0.1 |
|
Sales per Employee |
0.6 |
0.5 |
0.5 |
0.6 |
0.7 |
|
Capital Employed per Employee |
0.9 |
0.7 |
0.8 |
1.1 |
1.1 |
|
Tangible Assets per Employee |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
1.6 |
0.9 |
0.9 |
1.3 |
1.3 |
|
Employee Remuneration by Sales |
9.17% |
7.91% |
7.63% |
12.31% |
11.94% |
|
Creditor Days (Cost of Sales Based) |
57.80 |
- |
40.73 |
59.58 |
68.26 |
|
Creditor Days (Sales Based) |
38.06 |
- |
27.40 |
38.45 |
45.75 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.62 |
|
UK Pound |
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
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.