MIRA INFORM REPORT

 

 

Report Date :

18.09.2012

 

IDENTIFICATION DETAILS

 

Name :

CARGILL COTTON LTD.

 

 

Registered Office :

12 Princes Parade, Liverpool, L3 1BG, Merseyside County

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2011

 

 

Date of Incorporation :

15.09.2005

 

 

Com. Reg. No.:

05564843

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Management products and services of buying, selling and shipping offices and cotton gins and warehouses

 

 

No. of Employees :

29

 

 

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

 

 

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 and address

 

Cargill Cotton Ltd.

 

 

 

12 Princes Parade

 

 

Liverpool, L3 1BG

United Kingdom

(Trading Address)
Registered Address

Tel:

01512427500

Fax:

01932576256

 

www.cargillcotton.com

 

Employees:

29

Company Type:

Private Subsidiary

Corporate Family:

37 Companies

Ultimate Parent:

Cargill Uk Holdings Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

15-Sep-2005

Auditor:

KPMG LLP

 

Fiscal Year End:

31-May-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

598.3  1

Net Income:

29.5

Total Assets:

330.4

 

 

Business Description

                                      

 

Cargill Cotton Ltd. is a provider of agricultural, food and risk management products and services. The company owns and operates a number of buying, selling and shipping offices and cotton gins and warehouses. It offers total supply chain support in the areas of finance, logistics, risk management and stringent quality control. It also supplies foreign cotton to the Chinese textile industry. The company additionally serves various growers, ginners, buyers, retailers and textile mills worldwide. (Updated by OneSource Information Services)

 

 

Industry      

 

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:

5111 - Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

NAICS 2002:

425120 - Wholesale Trade Agents and Brokers

UK SIC 2003:

5111 - Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

UK SIC 2007:

4611 - Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

US SIC 1987:

5099 - Durable Goods, Not Elsewhere Classified

 

 

Key Executives   

             

 

Name

Title

 

Clare Jones

Global Logistics Manager

 

Robin David Thurston

Secretary

 

Jillian Winder

IT & Communications Analyst

 

Paul Kinney

Director

 

John Christopher Reynolds

Director

 

 

 

Financial Summary

      

 

FYE: 31-May-2011

USD (mil)

Key Figures

 

Current Assets

330.38

Fixed Assets

0.03

Total Liabilities

290.48

Net Worth

39.93

 

Key Ratios

 

Current Ratio

1.14

Acid Test

0.36

 

 

Registered No.(UK)

 

05564843

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6341433

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6075519

 

 

Corporate Overview

 

 

Location
12 Princes Parade
Liverpool, L3 1BG
Merseyside County
United Kingdom

 

Tel:

01512427500

Fax:

01932576256

 

www.cargillcotton.com

Sales GBP(mil):

379.4

Assets GBP(mil):

200.7

Employees:

29

Fiscal Year End:

31-May-2011

 

 

 

Industry:

Miscellaneous Capital Goods

Registered Address:
Knowle Hill Park
Fairmile Lane
Cobham, KT11 2PD
United Kingdom

 

Incorporation Date:

15-Sep-2005

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

05564843

 

Director:

John Christopher Reynolds

 

Industry Codes

 

ANZSIC 2006 Codes:

3739

-

Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5111

-

Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

 

NAICS 2002 Codes:

425120

-

Wholesale Trade Agents and Brokers

 

US SIC 1987:

5099

-

Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5111

-

Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

 

UK SIC 2007:

4611

-

Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods

Top

Business Description

Cargill Cotton Ltd. is a provider of agricultural, food and risk management products and services. The company owns and operates a number of buying, selling and shipping offices and cotton gins and warehouses. It offers total supply chain support in the areas of finance, logistics, risk management and stringent quality control. It also supplies foreign cotton to the Chinese textile industry. The company additionally serves various growers, ginners, buyers, retailers and textile mills worldwide. (Updated by OneSource Information Services)

Source: Experian Ltd.

More Business Descriptions

Commodity Brokers

Source: 118 Info

Top

 

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

379.4

Net Income:

18.7

Assets:

200.7

Current Assets:

200.7

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

176.5

 

Issued Capital:

0.0

 

Working Capital:

24.2

 

Net Worth:

24.3

 

 

 

Date of Financial Data:

31-May-2011

 

1 Year Growth

5.2%

NA

100.9%

Top

Key Corporate Relationships

Auditor:

KPMG LLP

 

Auditor:

KPMG LLP

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

05-31-2011

 

 

 

Top

 

Corporate Family

Corporate Structure News:

 

Cargill Uk Holdings Ltd.
Cargill Cotton Ltd.

Cargill Cotton Ltd.
Total Corporate Family Members: 37

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Cargill Uk Holdings Ltd.

Parent

Cobham

United Kingdom

Nonclassifiable Industries

 

 

Cargill PLC

Subsidiary

Cobham

United Kingdom

Retail (Department and Discount)

1,795.5

835

Sun Valley Foods Ltd.

Subsidiary

Leominster

United Kingdom

Fish and Livestock

596.3

1,980

Frontier Agriculture Ltd.

Subsidiary

Lincoln

United Kingdom

Personal Services

2,229.1

757

Frontier Agriculture Ltd.

UK Branch/Trading address

Sandy

United Kingdom

Miscellaneous Capital Goods

2,229.1

120

Frontier Agriculture Ltd.

UK Branch/Trading address

Berwick-Upon-Tweed

United Kingdom

Miscellaneous Capital Goods

2,229.1

50

Frontier Agriculture Ltd.

UK Branch/Trading address

Norwich

United Kingdom

Personal Services

2,229.1

40

Soyl Ltd.

Subsidiary

Newbury

United Kingdom

Personal Services

 

25

Frontier Agriculture Ltd.

UK Branch/Trading address

Thatcham

United Kingdom

Miscellaneous Capital Goods

2,229.1

20

Phoenix Agronomy Ltd.

Subsidiary

Tadcaster

United Kingdom

Personal Services

 

10

Frontier Agriculture Ltd.

UK Branch/Trading address

Aberdeen

United Kingdom

Miscellaneous Capital Goods

2,229.1

7

Lothian Crop Specialists Ltd.

Subsidiary

Haddington

United Kingdom

Personal Services

 

7

Frontier Agriculture Ltd.

UK Branch/Trading address

Bourne

United Kingdom

Miscellaneous Capital Goods

2,229.1

5

Frontier Agriculture Ltd.

UK Branch/Trading address

Norwich

United Kingdom

Miscellaneous Capital Goods

2,229.1

4

Grampian Crop Services Ltd.

Subsidiary

Turriff

United Kingdom

Business Services

 

4

Frontier Agriculture Ltd.

UK Branch/Trading address

York

United Kingdom

Miscellaneous Capital Goods

2,229.1

2

Banks Cargill Agriculture Ltd.

Subsidiary

Cobham

United Kingdom

Investment Services

 

689

Banks Cargill Agriculture Ltd

UK Branch/Trading address

Sandy

United Kingdom

Investment Services

 

 

Cargill Plc

UK Branch/Trading address

Manchester

United Kingdom

Food Processing

1,795.5

200

Cargill Cotton Ltd.

Subsidiary

Liverpool

United Kingdom

Miscellaneous Capital Goods

598.3

29

Chickens 'r' Us Ltd.

Subsidiary

Hereford

United Kingdom

Food Processing

3.0

 

Cargill Integra (UK) Ltd.

Subsidiary

Hereford

United Kingdom

Business Services

2.8

 

Cargill Integra (Wales) Ltd.

Subsidiary

Merthyr Tydfil

United Kingdom

Nonclassifiable Industries

 

4

Sun Valley Poultry Ltd.

Subsidiary

Hereford

United Kingdom

Business Services

1.9

 

Cargill Poultry Ltd.

Subsidiary

Cobham

United Kingdom

Fish and Livestock

1.8

 

Cargill Foods Ltd.

Subsidiary

Cobham

United Kingdom

Business Services

1.7

 

Lowesmoor Foods Ltd.

Subsidiary

Hereford

United Kingdom

Food Processing

1.5

 

Poultry Meat Trading Ltd.

Subsidiary

London

United Kingdom

Food Processing

1.5

 

Thai Foods Ltd.

Subsidiary

Hereford

United Kingdom

Food Processing

1.5

 

Meadowfields Ltd.

Subsidiary

Hereford

United Kingdom

Food Processing

0.5

 

Eastern Poultry Supplies Ltd.

Subsidiary

London

United Kingdom

Food Processing

0.3

 

Freeman's Of Newent (Holdings) Ltd.

Subsidiary

Newent

United Kingdom

Construction Services

 

 

Freemans Of Newent Ltd.

Subsidiary

Newent

United Kingdom

Food Processing

59.9

138

British Cotton Growing Association Ltd. (The)

Subsidiary

Cobham

United Kingdom

Nonclassifiable Industries

 

 

Cargill Pension Trustees Ltd.

Subsidiary

Cobham

United Kingdom

Nonclassifiable Industries

 

 

Cargill Properties Ltd.

Subsidiary

Cobham

United Kingdom

Nonclassifiable Industries

 

 

Seara Uk Ltd.

Subsidiary

Cobham

United Kingdom

Food Processing

 

 

 

 

 

 

 

Cargill Cotton Ltd.

Liverpool, , United Kingdom, Tel: 01512427500, URL: http://www.cargillcotton.com

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Paul Kinney

 

Director

Director/Board Member

 

Age: 53

 

John Christopher Reynolds

 

Director

Director/Board Member

 

 

Age: 62

 

Josephine Roth

 

Director

Director/Board Member

 

 

Age: 39

 

 

Executives

 

Name

Title

Function

 

Robin David Thurston

 

Secretary

Company Secretary

 

Age: 61

 

Clare Jones

 

Global Logistics Manager

Sales Executive

 

 

Jillian Winder

 

IT & Communications Analyst

Corporate Communications Executive

 

 

 

 

Directors and Shareholders Report

 

Main Office Address:
12 Princes Parade
Liverpool
United Kingdom L3 1BG

Tel: 01512427500
Fax: 01932576256
URL: http://www.cargillcotton.com

Annual Return Date: 15 Sep 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Paul
Kinney

Current

01 Feb 1959

2 Prestwick Drive,
Liverpool, Merseyside L23 7XB

30 Sep 2005

NA

Current:1
Previous:1
Disqualifications:0

 

Robin David
Thurston

Current

01 Mar 1951

Leigh House, Leigh Place,
Cobham, Surrey KT11 2HL

15 Sep 2005

NA

Current:55
Previous:35
Disqualifications:0

 

John Christopher
Reynolds

Current

27 Mar 1950

Suite Stable Cottage, Upper House Lane Shamley Green,
Guildford, Surrey GU5 0SX

15 Sep 2005

NA

Current:8
Previous:26
Disqualifications:0

 

Josephine
Roth

Current

09 Feb 1973

Knowle Hill Park, Fairmile Lane,
Cobham, Surrey KT11 2PD

01 Jun 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Andrew Stephen
Hursthouse

Previous

07 May 1972

9 Hoscote Park, West Kirby,
Wirral, Merseyside CH48 0QN

30 Sep 2005

12 Jan 2012

Current:0
Previous:2
Disqualifications:0

 

Andrew Neil
Thomas

Previous

04 Jul 1956

Springfield Plough Lane, Christleton,
Chester, Cheshire CH3 7PT

30 Sep 2005

13 Apr 2012

Current:1
Previous:2
Disqualifications:0

 

Colin Richard
Iles

Previous

24 Aug 1973

17 Blundellsands Road West, Blundellsands,
Liverpool, Merseyside L23 6TE

30 Sep 2005

31 May 2010

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

 

Robin David
Thurston

Current

01 Mar 1951

Leigh House, Leigh Place,
Cobham, Surrey KT11 2HL

15 Sep 2005

NA

Current:55
Previous:35
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

 

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Cargill Plc

01387437

1 Ordinary GBP 1.00

Ordinary

1

1.00

1.00

100.00

 

 

 

Cargill Cotton Ltd.

 

Liverpool, United Kingdom, Tel: 01512427500, URL: http://www.cargillcotton.com

Annual Profit & Loss

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

 

 

31-May-2011

31-May-2010

31-May-2009

28-May-2008

25-May-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.634143

0.6282

0.61899

0.498849

0.521494

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

-

574.3

-

0.0

1.2

Turnover (Exports)

-

0.0

-

407.4

341.7

Total Turnover

598.3

574.3

311.6

407.4

342.8

Cost of Sales

525.3

541.5

315.6

398.6

325.3

Gross Profit

73.0

32.9

-4.0

8.8

17.6

Depreciation

0.1

0.1

0.1

0.1

0.1

Other Expenses

29.9

8.6

6.9

7.8

8.2

Operating Profit

43.2

24.2

-10.9

0.9

9.4

Other Income

0.0

0.0

0.1

0.2

0.3

Interest Paid

2.2

1.5

1.8

4.7

4.7

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

40.9

22.8

-12.5

-3.5

5.0

Tax Payable / Credit

11.4

6.5

-3.3

-1.0

1.6

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

29.5

16.3

-9.2

-2.5

3.4

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.1

-

-

0.1

0.1

Non Audit Fees

-

-

-

-

0.0

Number of Employees

29

31

34

37

35

Wages

2.1

4.0

3.0

3.0

2.7

Social Security Costs

0.1

0.7

0.6

0.7

0.4

Pensions

0.0

0.0

1.2

0.0

0.0

Other Pension Costs

1.9

0.8

0.5

2.1

1.5

Employees Remuneration

4.2

5.5

4.2

5.7

4.6

Directors Emoluments

0.6

1.3

0.7

0.8

0.9

Other Costs

1.2

0.8

0.0

0.5

0.0

Directors Remuneration

1.8

2.1

2.0

1.4

0.9

Highest Paid Director

1.4

-

-

0.9

0.5

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-May-2011

31-May-2010

31-May-2009

28-May-2008

25-May-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.607552

0.688255

0.620136

0.504859

0.503791

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.0

0.0

0.0

0.0

0.0

Fixtures & Fittings

0.0

0.1

0.1

0.2

0.3

Plant & Vehicles

0.0

0.0

0.0

0.0

0.0

Total Tangible Fixed Assets

0.0

0.1

0.1

0.2

0.3

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.0

0.1

0.1

0.2

0.3

Stocks

-

-

-

23.7

-

Work in Progress

-

-

-

0.0

-

Total Stocks Work In Progress

227.2

87.1

29.6

23.7

24.2

Trade Debtors

22.5

10.7

27.0

55.8

18.4

Inter-Company Debtors

63.4

33.7

-

20.1

31.7

Other Debtors

17.3

18.0

52.2

8.0

10.1

Total Debtors

103.2

62.4

79.2

84.0

60.2

Cash and Equivalents

0.0

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

330.4

149.5

108.9

107.7

84.4

Total Assets

330.4

149.6

109.0

107.9

84.7

Trade Creditors

9.5

7.7

12.3

11.2

16.9

Bank Overdraft

0.0

0.0

-

0.0

0.0

Inter-Company Creditors

206.4

83.9

-

22.5

19.7

Director Loans (Current Liability)

0.0

0.0

-

0.0

0.0

Hire Purchase (Current Liability)

0.0

0.0

-

0.0

0.0

Finance Lease (Current Liability)

0.0

0.0

-

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

-

0.0

0.0

Total Short Term Loans

0.0

0.0

40.1

0.0

0.0

Accruals/Deferred Income (Current Liability)

62.8

25.1

37.7

39.7

10.3

Social Security/VAT

0.0

0.0

0.0

0.0

0.0

Corporation Tax

11.8

1.0

0.0

0.0

0.9

Dividends (Current Liability)

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

290.5

117.7

90.1

73.4

47.8

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

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Deferred Taxation

0.0

0.0

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

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

39.9

31.9

18.9

34.5

36.9

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

39.9

31.9

18.9

34.5

36.9

Net Worth

39.9

31.9

18.9

34.5

36.9

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-May-2011

31-May-2010

31-May-2009

28-May-2008

25-May-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.634143

0.6282

0.61899

0.498849

0.521494

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

-88.9

-

-

-

-

Net Cash Flow from ROI and Servicing of Finance

-2.2

-

-

-

-

Taxation

-1.2

-

-

-

-

Capital Expenditures

-25.9

-

-

-

-

Acquisitions and Disposals

0.0

-

-

-

-

Paid Up Equity

0.0

-

-

-

-

Management of Liquid Resources

0.0

-

-

-

-

Net Cash Flow From Financing

118.2

-

-

-

-

Increase in Cash

0.0

-

-

-

-

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

31-May-2011

31-May-2010

31-May-2009

28-May-2008

25-May-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.607552

0.688255

0.620136

0.504859

0.503791

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.14

1.27

1.21

1.47

1.77

Liquidity Ratio

0.36

0.53

0.88

1.14

1.26

Stock Turnover

2.75

6.02

10.49

16.97

14.67

Credit Period (Days)

13.16

7.44

31.71

50.64

18.92

Working Capital by Sales

6.39%

6.07%

6.02%

8.51%

10.32%

Trade Credit by Debtors

0.42

0.72

0.45

0.20

0.92

Return on Capital

107.00%

65.18%

-66.17%

-10.03%

14.04%

Return on Assets

12.93%

13.90%

-11.46%

-3.20%

6.12%

Profit Margin

6.84%

3.97%

-4.02%

-0.86%

1.46%

Return on Shareholders Funds

107.00%

65.18%

-66.17%

-10.03%

14.04%

Borrowing Ratio

516.89%

263.10%

212.64%

65.30%

53.34%

Equity Gearing

12.09%

21.33%

17.32%

31.95%

43.61%

Interest Coverage

18.36

15.64

-7.11

-0.75

1.06

Sales by Tangible Assets

18,971.00

6,442.73

2,119.44

1,814.44

1,176.21

Average Remuneration per Employee

0.1

0.2

0.1

0.2

0.1

Profit per Employee

1.5

0.7

-0.4

-0.1

0.1

Sales per Employee

21.5

16.9

9.1

10.9

10.1

Capital Employed per Employee

1.4

1.0

0.6

0.9

1.1

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

11.4

4.8

3.2

2.9

2.4

Employee Remuneration by Sales

0.69%

0.96%

1.34%

1.41%

1.34%

Creditor Days (Cost of Sales Based)

6.30

5.67

14.22

10.41

18.27

Creditor Days (Sales Based)

5.53

5.35

14.40

10.18

17.33

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.97

UK Pound

1

Rs.87.52

Euro

1

Rs.70.84

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.