MIRA INFORM REPORT

 

 

Report Date :

05.09.2012

 

IDENTIFICATION DETAILS

 

Name :

POLYTECH INTERNATIONAL LTD.

 

 

Registered Office :

7 St Petersgate, Stockport, SK1 1EB

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

26.02.1996

 

 

Com. Reg. No.:

03164515

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Manufacturer of polyurethane binder and the importation of synthetic rubber granules and their supply to the installers of playgroup surfaces and running tracks.

 

 

No. of Employees :

15 employees

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 

 

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 

 

Polytech International Ltd.

Nab Works

Long Lane

Pott Shrigley

Macclesfield, SK10 5SD

United Kingdom

Tel:       01625 575737

Web:    www.mri-polytech.com

           

 

Synthesis

 

Employees:                 15

Company Type:            Private Subsidiary

Corporate Family:          3 Companies

Ultimate Parent:            Mri Polytech Group Ltd

Quoted Status:              Non-quoted Company

Incorporation Date:        26-Feb-1996

Auditor:                       Bennett Verby LLP       

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:                14.6  1

Net Income:                  0.6

Total Assets:                13.5

 

 

Business Description     

 

Manufacture of polyurethane binder and the importation of synthetic rubber granules and their supplyto the installers of playgroup surfaces and runni ng tracks.

 

Industry            

Industry           Chemicals - Plastics and Rubber

ANZSIC 2006:   1821 - Synthetic Resin and Synthetic Rubber Manufacturing

NACE 2002:      2417 - Manufacture of synthetic rubber in primary forms

NAICS 2002:     325212 - Synthetic Rubber Manufacturing

UK SIC 2003:    2417 - Manufacture of synthetic rubber in primary forms

UK SIC 2007:    2017 - Manufacture of synthetic rubber in primary forms

US SIC 1987:    2822 - Synthetic Rubber (Vulcanizable Elastomers)

 

 

 

Key Executives   

             

Name

Title

Gary Roy Appleton

Secretary

David Alan Bell

Director

Mark Dunkinson

Director

John Robert Wade

Director

Karen Wells

Director

 

 

Financial Summary    

 

 

FYE: 31-Mar-2011

USD (mil)

Key Figures

 

Current Assets

8.98

Fixed Assets

4.52

Total Liabilities

5.73

Net Worth

6.46

 

Key Ratios

 

Current Ratio

1.57

Acid Test

0.97

Debt Gearing

15.80

 

 

 

 

Registered No.(UK):                  03164515

 

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

Nab Works

Long Lane

Pott Shrigley

Macclesfield, SK10 5SD

Cheshire County

United Kingdom

Tel:       01625 575737

Web:    www.mri-polytech.com

           

Sales GBP(mil):             9.4

Assets GBP(mil):           8.4

Employees:                  15

Fiscal Year End:            31-Mar-2011

Industry:                       Chemicals - Plastics and Rubber

           

Registered Address:

7 St Petersgate

Stockport, SK1 1EB

United Kingdom

 

Incorporation Date:        26-Feb-1996

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):      03164515

Director:                       John Robert Wade

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

1821     -          Synthetic Resin and Synthetic Rubber Manufacturing

1919     -          Other Polymer Product Manufacturing

 

NACE 2002 Codes:

2417     -          Manufacture of synthetic rubber in primary forms

2513     -          Manufacture of other rubber products

 

NAICS 2002 Codes:

325212  -          Synthetic Rubber Manufacturing

32629   -          Other Rubber Product Manufacturing

 

US SIC 1987:

2822     -          Synthetic Rubber (Vulcanizable Elastomers)

3069     -          Fabricated Rubber Products, Not Elsewhere Classified

 

UK SIC 2003:

2417     -          Manufacture of synthetic rubber in primary forms

2513     -          Manufacture of other rubber products

 

UK SIC 2007:

2017     -          Manufacture of synthetic rubber in primary forms

2219     -          Manufacture of other rubber products

Business Description

Manufacture of polyurethane binder and the importation of synthetic rubber granules and their supplyto the installers of playgroup surfaces and runni ng tracks.

 

More Business Descriptions

Sports Surfaces - Artificial

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

9.4

Net Income:

0.4

Assets:

8.4

Current Assets:

5.6

 

Fixed Assets:

2.8

 

Long Term Debt:

0.6

 

Total Liabilities:

4.2

 

Issued Capital:

1.6

 

Working Capital:

2.0

 

Net Worth:

4.0

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

-9.6%

NA

NA

Key Corporate Relationships

Auditor:

Bennett Verby LLP

 

Auditor:

Bennett Verby LLP

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

03-31-2011

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Polytech International Ltd.

Polytech International Ltd. 
Total Corporate Family Members: 3 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Mri Polytech Group Ltd

Parent

 

 

 

 

 

Polytech International Ltd.

Subsidiary

Macclesfield

United Kingdom

Chemicals - Plastics and Rubber

14.6

15

Millennium Rubber International Ltd.

Subsidiary

Macclesfield

United Kingdom

Personal Services

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

David Alan Bell

 

Director

Director/Board Member

 

Age: 35

 

Mark Dunkinson

 

Director

Director/Board Member

 

 

Age: 49

 

John Robert Wade

 

Director

Director/Board Member

 

 

Age: 59

 

Karen Wells

 

Director

Director/Board Member

 

 

Age: 38

 

 

 

Executives

 

Name

Title

Function

 

Gary Roy Appleton

 

Secretary

Company Secretary

 

Age: 59

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Nab Works
Long Lane
Macclesfield
United Kingdom SK10 5SD

Tel: 01625 575737
URL: http://www.mri-polytech.com

Annual Return Date: 26 Feb 2012
Total Issued Capital (GBP 000):1,650

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Karen 
Wells

Current

14 Nov 1973

7 St Petersgate, 
Stockport, Greater Manchester SK1 1EB

11 Sep 2007

NA

Current:1
Previous:0
Disqualifications:0

 

John Robert 
Wade

Current

13 May 1953

7 St Petersgate, 
Stockport, Greater Manchester SK1 1EB

16 Mar 2010

NA

Current:1
Previous:0
Disqualifications:0

 

David Alan
Bell

Current

17 Jan 1977

7 St Petersgate, 
Stockport, Greater Manchester SK1 1EB

24 Jun 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Mark 
Dunkinson

Current

07 Nov 1962

19 Gleneagles Drive, Brockhall Village Old Langho, 
Blackburn, Lancashire BB6 8BF

01 Jan 2008

NA

Current:3
Previous:0
Disqualifications:0

 

Vincent Paul 
Sugden

Previous

28 Oct 1953

164 Dickens Lane, Poynton, 
Stockport, Greater Manchester SK12 1NU

01 Dec 1998

06 Nov 2000

Current:0
Previous:2
Disqualifications:0

 

Roland Norman 
Phillips

Previous

29 Jul 1957

2 Mill Lane, Capesthorne, 
Macclesfield, Cheshire SK11 9LB

01 Dec 1998

14 Jun 2001

Current:0
Previous:2
Disqualifications:0

 

Edward 
Higham

Previous

02 Nov 1938

167 Lumb Lane, Audenshaw, 
Manchester, Greater Manchester M34 5RU

14 Jun 2001

10 May 2004

Current:0
Previous:8
Disqualifications:0

 

Martin David 
Oakes

Previous

01 Nov 1972

11 Manchester Road, 
Macclesfield, Cheshire SK10 2EH

01 Apr 2005

01 Apr 2006

Current:0
Previous:1
Disqualifications:0

 

Janet 
Snell

Previous

03 May 1965

Oak Tree Farm Sugar Lane, Whiteley Green, 
Macclesfield, Cheshire SK10 5SL

18 Feb 1998

15 Jan 1999

Current:1
Previous:1
Disqualifications:0

 

Laurence 
Kuras

Previous

29 Jul 1956

New Haven, Buckstones Road, 
Oldham, Greater Manchester OL1 4SU

01 Mar 1998

23 Mar 2001

Current:0
Previous:1
Disqualifications:0

 

Ian Ashworth 
Kirkham

Previous

27 Jun 1955

8 Peter House Road, Sutton Lane Ends, 
Macclesfield, Cheshire SK11 0EN

07 Mar 2001

11 Feb 2010

Current:0
Previous:6
Disqualifications:0

 

Mark Anthony 
Johnson

Previous

20 Sep 1965

30 Rushton Drive, Bramhall, 
Stockport, Greater Manchester SK7 3LA

01 Feb 2003

31 Jan 2007

Current:1
Previous:3
Disqualifications:0

 

Martin James 
Wadsworth

Previous

14 Aug 1964

Alderbrook Greenfield Farm, Shakerley Lane, 
Manchester, Greater Manchester M29 8LZ

NA

08 Jan 2001

Current:0
Previous:2
Disqualifications:0

 

Peter Gerard 
Gorvin

Previous

25 Mar 1944

Chadlea House 36 Bunkers Hill, Romiley, 
Stockport, Greater Manchester SK6 3DS

21 Mar 1997

24 Feb 1999

Current:1
Previous:15
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Instant Companies Limited

Previous

1 Mitchell Lane, 
Bristol, Avon BS1 6BU

26 Feb 1996

11 Mar 1996

 

 

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Gary Roy 
Appleton

Current

03 May 1953

95 London Road South, 
Stockport, Greater Manchester SK12 1LF

10 May 2004

NA

Current:3
Previous:0
Disqualifications:0

 

Richard Ian 
Saleh

Previous

05 Jan 1952

1St Floor Didsbury House, 748 Wilmslow Road, 
Manchester, Greater Manchester M20 2DW

11 Mar 1996

25 Feb 1997

Current:3
Previous:26
Disqualifications:0

 

Vincent Paul 
Sugden

Previous

28 Oct 1953

164 Dickens Lane, Poynton, 
Stockport, Greater Manchester SK12 1NU

01 Dec 1998

06 Nov 2000

Current:0
Previous:2
Disqualifications:0

 

Edward 
Higham

Previous

02 Nov 1938

167 Lumb Lane, Audenshaw, 
Manchester, Greater Manchester M34 5RU

01 Apr 2001

10 May 2004

Current:0
Previous:8
Disqualifications:0

 

Peter Gerard 
Gorvin

 

Previous

25 Mar 1944

Chadlea House 36 Bunkers Hill, Romiley, 
Stockport, Greater Manchester SK6 3DS

25 Feb 1997

24 Feb 1999

Current:1
Previous:15
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Swift Incorporations Limited

Previous

26 Church Street, 
St John's Wood, London NW8 8EP

26 Feb 1996

11 Mar 1996

 

 

 

 

Individual Shareholders

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Mark Dunkinson

165000 Ordinary GBP 1.00

Ordinary

165,000

1.00

165,000.00

10.00

MRI Polytech Group Ltd

1485000 Ordinary GBP 1.00

Ordinary

1,485,000

1.00

1,485,000.00

90.00

 

 

 

 

 

 

 

 

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)         

 

 

 

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

Yes

Yes

No

No

No

 

 

 

 

 

 

Turnover (UK)

5.0

5.0

-

-

-

Turnover (Exports)

9.6

11.6

-

-

-

Total Turnover

14.6

16.5

-

-

-

Cost of Sales

11.3

12.7

-

-

-

Gross Profit

3.3

3.9

3.1

3.1

-

Depreciation

0.4

0.3

0.1

0.1

0.2

Other Expenses

3.3

3.8

2.6

2.2

-

Operating Profit

-

-

0.5

0.9

-

Other Income

1.0

0.8

0.0

0.0

-

Interest Paid

0.1

0.1

0.1

0.5

-

Exceptional Income

0.0

0.0

0.0

0.0

-

Discontinued Operations

0.0

0.0

0.0

0.0

-

Profit Before Taxes

0.8

0.8

0.4

0.5

-

Tax Payable / Credit

0.2

0.2

0.1

0.1

-

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

-

Dividends

0.0

0.4

0.0

0.0

-

Profit After Taxes

0.6

0.2

0.3

0.3

-

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

-

Audit Fees

0.0

0.0

0.0

0.0

-

Non Audit Fees

0.0

-

-

-

-

Number of Employees

15

16

5

4

-

Wages

0.9

0.9

0.6

0.5

-

Social Security Costs

0.1

0.1

0.1

0.1

-

Pensions

-

0.0

0.0

0.0

-

Other Pension Costs

0.0

0.0

0.0

0.0

-

Employees Remuneration

0.9

1.0

0.6

0.6

-

Directors Emoluments

-

0.3

0.1

0.1

-

Other Costs

-

0.0

0.0

0.0

-

Directors Remuneration

0.2

0.3

0.1

0.1

-

 

 

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

Yes

Yes

No

No

No

 

 

 

 

 

 

Land & Buildings

1.9

1.6

1.5

2.1

2.1

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

2.6

1.8

0.2

0.3

0.3

Total Tangible Fixed Assets

4.5

3.4

1.7

2.4

2.4

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.7

1.0

1.0

Total Fixed Assets

4.5

3.4

2.4

3.4

3.4

Stocks

3.4

0.4

1.9

1.7

-

Work in Progress

0.0

2.7

0.0

0.0

-

Total Stocks Work In Progress

3.4

3.1

1.9

1.7

2.4

Trade Debtors

3.8

3.2

3.0

5.0

-

Inter-Company Debtors

-

0.2

-

-

-

Other Debtors

1.0

0.4

0.4

0.6

-

Total Debtors

4.8

3.9

3.4

5.5

5.4

Cash and Equivalents

0.7

0.2

0.1

0.1

2.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

9.0

7.1

5.3

7.3

9.8

Total Assets

13.5

10.6

7.7

10.7

13.2

Trade Creditors

2.6

1.5

1.9

2.5

2.3

Bank Overdraft

1.9

2.0

1.0

2.0

4.8

Inter-Company Creditors

0.0

0.2

0.3

0.1

0.0

Director Loans (Current Liability)

-

-

-

0.0

-

Hire Purchase (Current Liability)

-

0.0

-

0.0

-

Finance Lease (Current Liability)

-

0.0

-

0.0

-

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

-

0.0

-

Total Short Term Loans

-

-

-

0.0

0.1

Accruals/Deferred Income (Current Liability)

0.0

0.2

0.0

0.1

-

Social Security/VAT

0.1

0.0

0.0

0.0

0.1

Corporation Tax

0.3

0.2

0.1

0.1

0.2

Dividends (Current Liability)

-

-

-

0.0

-

Other Current Liabilities

0.7

0.0

0.0

0.0

0.2

Total Current Liabilities

5.7

4.2

3.3

4.9

7.7

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

-

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

-

Hire Purchase (Long Term Liability)

-

0.0

0.0

0.0

-

Leasing (Long Term Liability)

-

0.0

0.0

0.0

-

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

-

Other Long Term Loans

1.0

0.8

0.9

1.4

-

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

0.0

0.0

-

Other Long Term Liabilities

0.0

0.0

0.0

0.0

1.4

Total Long Term Liabilities

1.0

0.8

0.9

1.4

1.4

Deferred Taxation

0.3

0.2

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.3

0.2

0.0

0.0

0.0

Issued Capital

2.6

2.5

2.4

3.3

3.2

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.6

0.4

0.4

0.5

0.5

Retained Earnings

3.2

2.4

0.7

0.7

0.3

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

6.5

5.3

3.4

4.4

4.1

Net Worth

6.5

5.3

3.4

4.4

4.0

 

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

Yes

Yes

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

1.4

0.6

0.9

1.7

-

Net Cash Flow from ROI and Servicing of Finance

-0.1

-0.1

-0.1

-0.5

-

Taxation

0.0

-0.2

-0.1

-0.2

-

Capital Expenditures

-1.1

-0.7

0.0

-0.1

-

Acquisitions and Disposals

0.0

0.0

0.0

0.0

-

Paid Up Equity

0.0

-0.4

0.0

0.0

-

Management of Liquid Resources

0.0

0.0

0.0

0.0

-

Net Cash Flow From Financing

0.4

0.1

-0.2

0.0

-

Increase in Cash

0.6

-0.6

0.5

1.0

-

 

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

Yes

Yes

No

No

No

 

 

 

 

 

 

Current Ratio

1.57

1.70

1.60

1.51

1.27

Liquidity Ratio

0.97

0.97

1.03

1.15

0.95

Stock Turnover

4.37

5.11

-

-

-

Credit Period (Days)

92.39

75.04

-

-

-

Working Capital by Sales

21.63%

18.74%

-

-

-

Trade Credit by Debtors

0.69

0.48

0.62

0.51

-

Return on Capital

10.64%

11.98%

7.71%

7.82%

-

Return on Assets

6.13%

7.22%

4.38%

4.28%

-

Profit Margin

5.50%

4.84%

-

-

-

Return on Shareholders Funds

12.79%

14.35%

9.85%

10.33%

-

Borrowing Ratio

45.74%

57.23%

65.48%

80.05%

121.66%

Equity Gearing

47.89%

50.33%

44.47%

41.45%

30.87%

Debt Gearing

15.80%

15.06%

26.91%

31.89%

-

Interest Coverage

11.14

9.25

2.86

1.00

-

Sales by Tangible Assets

3.33

4.63

-

-

-

Average Remuneration per Employee

0.1

0.1

0.1

0.1

-

Profit per Employee

0.1

0.0

0.1

0.1

-

Sales per Employee

1.0

1.0

-

-

-

Capital Employed per Employee

0.5

0.4

0.9

1.5

-

Tangible Assets per Employee

0.3

0.2

0.3

0.6

-

Total Assets per Employee

0.9

0.7

1.5

2.7

-

Employee Remuneration by Sales

6.37%

5.94%

-

-

-

Creditor Days (Cost of Sales Based)

82.44

46.76

-

-

-

Creditor Days (Sales Based)

64.08

35.76

-

-

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.54

UK Pound

1

Rs.88.23

Euro

1

Rs.70.02

 

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%)

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.