MIRA INFORM REPORT

 

 

Report Date :

18.09.2012

 

IDENTIFICATION DETAILS

 

Name :

KIRIL MISCHEFF LTD.

 

 

Registered Office :

Broadwall House, 21 Broadwall, London, SE1 9PL, London County

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.09.2011

 

 

Date of Incorporation :

29.08.1930

 

 

Com. Reg. No.:

00250446

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Provider of canned vegetables, fishes and meat products

 

 

No. of Employees :

58

 

 

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 :

Slow but correct

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

 

Kiril Mischeff Ltd.

 

 

 

Broadwall House

21 Broadwall

 

London, SE1 9PL

United Kingdom

Tel:

01909534000

Fax:

01909534009

 

www.kiril-mischeff.com

 

Employees:

58

Company Type:

Private Subsidiary

Corporate Family:

4 Companies

Ultimate Parent:

Kiril Mischeff (Trading) Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

29-Aug-1930

Auditor:

Brown Butler

 

Fiscal Year End:

30-Sep-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

153.7  1

Net Income:

0.6

Total Assets:

42.

 

Business Description     

 

 

Founded in 1936, Kiril Mischeff Ltd. is a provider of canned vegetables, fishes and meat products. The company offers a variety of fruits, such as plums, blackcurrants, cherries, figs and apricots. It provides dried beans, seeds and pulses. The company imports, stocks and delivers a range of frozen food products. It offers aseptic pack, sun dried, diced and peeled tomatoes. The company provides pizza ingredients, including pork shoulder, ham, pizza sauce, onions, olives and capers. It offers oven-roasted lemon, orange and pineapple slices. The company provides products under the Royal Crown, Oberon, Sou'Wester, Astra, Rodina and La Espanola brands. It offers a range of yellow, red and mixed peppers.

 

 

Industry      

 

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:

5190 - Other wholesale

NAICS 2002:

423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:

5190 - Other wholesale

UK SIC 2007:

4690 - Non-specialised wholesale trade

US SIC 1987:

5099 - Durable Goods, Not Elsewhere Classified

 

 

Key Executives   

             

 

Name

Title

Dimiter Mischeff

Owner

Trevor Anthony Davies

Secretary

Andrew Victor Charlton

Director

Charles Green

Director

Matthew Kenneth Law Jackson

Director

 

 

Financial Summary    

 

 

FYE: 30-Sep-2011

USD (mil)

Key Figures

 

Current Assets

38.16

Fixed Assets

4.25

Total Liabilities

34.70

Net Worth

6.28

 

Key Ratios

 

Current Ratio

1.10

Acid Test

0.79

 

 

Registered No.(UK)

 

00250446

 

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
Broadwall House
21 Broadwall
London, SE1 9PL
London County
United Kingdom

 

Tel:

01909534000

Fax:

01909534009

 

www.kiril-mischeff.com

Sales GBP(mil):

95.7

Assets GBP(mil):

27.2

Employees:

58

Fiscal Year End:

30-Sep-2011

 

 

 

Industry:

Miscellaneous Capital Goods

Registered Address:
Broadwall House
21 Broadwall
London, SE1 9PL
United Kingdom

 

Incorporation Date:

29-Aug-1930

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

00250446

 

Owner:

Dimiter Mischeff

 

Industry Codes

 

ANZSIC 2006 Codes:

3739

-

Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190

-

Other wholesale

 

NAICS 2002 Codes:

423990

-

Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099

-

Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190

-

Other wholesale

 

UK SIC 2007:

4690

-

Non-specialised wholesale trade

Top

Business Description

Founded in 1936, Kiril Mischeff Ltd. is a provider of canned vegetables, fishes and meat products. The company offers a variety of fruits, such as plums, blackcurrants, cherries, figs and apricots. It provides dried beans, seeds and pulses. The company imports, stocks and delivers a range of frozen food products. It offers aseptic pack, sun dried, diced and peeled tomatoes. The company provides pizza ingredients, including pork shoulder, ham, pizza sauce, onions, olives and capers. It offers oven-roasted lemon, orange and pineapple slices. The company provides products under the Royal Crown, Oberon, Sou'Wester, Astra, Rodina and La Espanola brands. It offers a range of yellow, red and mixed peppers.

 

More Business Descriptions

Kiril Mischeff Ltd. is a retailer and wholesaler of various food items in the United Kingdom. The company offers a wide range of processed and non-processed items to various market sectors. Its range of food items include seeds and pulses, dried fruit, meat and dairy products, vegetables, oils and canned foods. The company also offers frozen food, such as speciality breads, fish and rooted vegetables. Its various products include fruit juices, chilled foods and condiments. In addition, the company also provides packaging and delivery services to its clients. (Updated by OneSource Information Services)

 

Import and export of food products

 

Fruit and Vegetable (Wholesale)

 

Top

 

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

95.7

Net Income:

0.4

Assets:

27.2

Current Assets:

24.5

 

Fixed Assets:

2.7

 

Long Term Debt:

0.9

 

Total Liabilities:

23.2

 

Issued Capital:

1.2

 

Working Capital:

2.2

 

Net Worth:

4.0

 

 

 

Date of Financial Data:

30-Sep-2011

 

1 Year Growth

9.7%

NA

NA

Top

Key Corporate Relationships

Auditor:

Brown Butler

Bank:

The Royal Bank Of Scotland PLC

 

Auditor:

Brown Butler

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

09-30-2011

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Kiril Mischeff (Trading) Ltd.
Kiril Mischeff Ltd.

Kiril Mischeff Ltd.
Total Corporate Family Members: 4

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Kiril Mischeff (Trading) Ltd.

Parent

London

United Kingdom

Nonclassifiable Industries

176.1

75

Kiril Mischeff Ltd.

Subsidiary

London

United Kingdom

Miscellaneous Capital Goods

153.7

58

E E & Brian Smith (1928) Ltd.

Subsidiary

Aylesbury

United Kingdom

Miscellaneous Capital Goods

24.3

9

W. Saunders (Shipping & Forwarding) Ltd.

Subsidiary

Felixstowe

United Kingdom

Miscellaneous Transportation

1.0

8

 

 

 

 

Kiril Mischeff Ltd.

London, , United Kingdom, Tel: 01909534000, URL: http://www.kiril-mischeff.com

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Andrew Victor Charlton

 

Director

Director/Board Member

 

Age: 57

 

Charles Green

 

Director

Director/Board Member

 

 

Age: 47

 

Matthew Kenneth Law Jackson

 

Director

Director/Board Member

 

 

Age: 41

 

Ian Rowland Marlow

 

Director

Director/Board Member

 

 

Age: 49

 

Dimiter Alexandrov Mirchev

 

Director

Director/Board Member

 

 

Age: 53

 

Dimiter Mischeff

 

Owner

Director/Board Member

 

 

Robin Angel Robert Mischeff

 

Director

Director/Board Member

 

 

Age: 74

 

Valerie Gweneth Morrell

 

Director

Director/Board Member

 

 

Age: 56

 

 

Executives

 

Name

Title

Function

 

Dimiter Mischeff

 

Owner

Chief Executive Officer

 

Angus Dent

 

Managing Director

Managing Director

 

Trevor Anthony Davies

 

Secretary

Company Secretary

 

Age: 62

 


Directors and Shareholders Report

 

Main Office Address:
Broadwall House
21 Broadwall
London
United Kingdom SE1 9PL

Tel: 01909534000
Fax: 01909534009
URL: http://www.kiril-mischeff.com

Annual Return Date: 04 May 2012
Total Issued Capital (GBP 000): 1,200

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Matthew Kenneth Law
Jackson

Current

27 Nov 1970

Cottesmore Lodge Farm House, Greetham Road Cottesmore,
Oakham, Leicestershire LE15 7DD

06 Nov 2000

NA

Current:2
Previous:0
Disqualifications:0

 

Ian Rowland
Marlow

Current

13 Nov 1962

Dunley Cottage, Church Street,
Horsham, West Sussex RH12 3ET

06 Nov 2000

NA

Current:2
Previous:0
Disqualifications:0

 

Robin Angel Robert
Mischeff

Current

20 Aug 1938

8 Calonne Road,
Wimbledon, London SW19 5HJ

04 May 1991

NA

Current:5
Previous:1
Disqualifications:0

 

Valerie Gweneth
Morrell

Current

09 May 1956

Hillcrest, Markham Road Tuxford,
Newark, Nottinghamshire NG22 0NP

01 May 1999

NA

Current:2
Previous:0
Disqualifications:0

 

Dimiter Alexandrov
Mirchev

Current

07 Sep 1959

14 Willow Way,
London , London N3 2PL

01 Jan 1996

NA

Current:6
Previous:0
Disqualifications:0

 

Andrew Victor
Charlton

Current

13 Nov 1954

Enterprise House, Carlton Road,
Worksop, Nottinghamshire S81 7QF

21 Jul 2003

NA

Current:3
Previous:0
Disqualifications:0

 

Trevor Anthony
Davies

Current

22 Apr 1950

6 Amherst Road,
Hastings, East Sussex TN34 1TT

01 Oct 1999

NA

Current:11
Previous:0
Disqualifications:0

 

Charles
Green

Current

07 Aug 1965

79 Northampton Road,
Towcester, Northamptonshire NN12 7AH

07 Dec 2007

NA

Current:1
Previous:0
Disqualifications:0

 

Mildred Florence
Mischeff

Previous

22 Aug 1915

8 Calonne Road,
Wimbledon, London SW19 5HJ

04 May 1991

27 Feb 2000

Current:0
Previous:1
Disqualifications:0

 

John Mark
Watson

Previous

02 Mar 1938

58 Bramley Drive, St Neots,
Huntingdon, Cambridgeshire PE18 9SF

01 Oct 1991

30 Jun 1997

Current:0
Previous:1
Disqualifications:0

 

William John Alfred
Highsted

Previous

06 Apr 1938

Stradbroke, 122 Park Crescent,
Erith, Kent DA8 3DZ

01 Oct 1991

NA

Current:0
Previous:5
Disqualifications:0

 

Dennis Edwin
Simmonds

Previous

08 Oct 1950

York House 2 - 4 York Road, Felixstowe,
Felixstowe, Suffolk IP11 7QG

01 Jan 1996

09 Dec 2002

Current:7
Previous:4
Disqualifications:0

 

Russell Alexander
Smart

Previous

08 Oct 1963

Westbrook Farm House, Church Street Micheldever,
Winchester, Hampshire SO21 3DB

NA

27 Jun 1997

Current:6
Previous:3
Disqualifications:0

 

Angus
Dent

Previous

01 Oct 1961

Grove Cottage Yopps Green, Plaxtol,
Sevenoaks, Kent TN15 0PY

01 Jan 1994

18 Dec 1998

Current:6
Previous:21
Disqualifications:0

 

James Albert
Higgins

Previous

03 Apr 1942

10 Bridge Road, Long Sutton,
Spalding, Lincolnshire PE12 9EF

04 May 1991

31 Dec 2002

Current:0
Previous:1
Disqualifications:0

 

Simon Robert
Jackson

Previous

16 Jan 1939

33 Ormond Drive,
Hampton, Middlesex TW12 2TP

01 Oct 1991

31 Dec 2002

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

 

Trevor Anthony
Davies

Current

22 Apr 1950

6 Amherst Road,
Hastings, East Sussex TN34 1TT

28 Feb 1997

NA

Current:11
Previous:0
Disqualifications:0

 

Angus
Dent

Previous

01 Oct 1961

Grove Cottage Yopps Green, Plaxtol,
Sevenoaks, Kent TN15 0PY

NA

28 Feb 1997

Current:6
Previous:21
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

Kiril Mischeff (Trading) Ltd

05486353

1200000 Ordinary GBP 1.00

Ordinary

1,200,000

1.00

1,200,000.00

100.00

 

 

 

 

News: 0 Matches

 



 

Articles: 0 Matches

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Kiril Mischeff Ltd.

 

London, United Kingdom, Tel: 01909534000, URL: http://www.kiril-mischeff.com

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

153.7

135.8

132.0

157.6

155.3

Cost of Sales

146.2

128.2

125.2

150.2

146.3

Gross Profit

7.5

7.6

6.8

7.4

9.0

Depreciation

0.2

0.2

0.2

0.2

0.2

Other Expenses

6.4

6.6

5.7

5.6

6.2

Operating Profit

-

-

1.1

-

-

Other Income

0.2

0.2

0.1

0.2

0.2

Interest Paid

0.3

0.1

0.1

0.7

0.7

Exceptional Income

0.0

0.0

-0.4

-0.8

-1.9

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

0.9

1.1

0.7

0.5

0.4

Tax Payable / Credit

0.2

0.3

0.2

0.1

0.1

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.1

0.1

0.1

0.1

0.1

Profit After Taxes

0.6

0.8

0.5

0.3

0.1

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

0.0

Non Audit Fees

0.0

-

-

-

-

Number of Employees

58

57

53

57

49

Wages

4.3

4.2

3.6

3.3

3.8

Social Security Costs

0.5

0.5

0.4

0.4

0.4

Pensions

0.2

0.3

-

-

0.6

Other Pension Costs

0.3

0.4

0.1

0.6

0.7

Employees Remuneration

5.1

5.1

4.1

4.3

4.8

Directors Emoluments

2.5

2.2

-

-

-

Other Costs

0.1

0.1

-

-

1.5

Directors Remuneration

2.8

2.5

1.8

1.7

2.1

Highest Paid Director

0.6

0.6

0.4

0.3

0.4

 

 

 

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

0.3

0.3

0.3

0.0

0.0

Fixtures & Fittings

0.1

0.1

0.1

0.2

0.2

Plant & Vehicles

0.3

0.4

0.3

0.3

0.3

Total Tangible Fixed Assets

0.6

0.7

0.7

0.5

0.6

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

3.6

4.0

4.0

4.5

5.1

Total Fixed Assets

4.3

4.7

4.7

4.9

5.7

Stocks

10.9

6.9

7.0

8.9

7.8

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

10.9

6.9

7.0

8.9

7.8

Trade Debtors

26.6

21.3

20.5

22.7

27.3

Inter-Company Debtors

0.1

0.5

0.5

0.4

0.6

Director Loans

0.0

0.0

0.0

-

0.0

Other Debtors

0.3

0.2

0.1

0.4

0.3

Total Debtors

27.0

22.1

21.1

23.5

28.2

Cash and Equivalents

0.2

0.2

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

38.2

29.3

28.1

32.4

36.0

Total Assets

42.4

33.9

32.8

37.4

41.7

Trade Creditors

19.2

13.4

15.7

15.7

16.2

Bank Overdraft

7.0

1.4

4.5

7.7

10.7

Inter-Company Creditors

2.6

3.7

1.3

1.6

1.5

Director Loans (Current Liability)

-

-

0.0

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

-

Total Short Term Loans

-

-

0.0

0.0

-

Accruals/Deferred Income (Current Liability)

4.9

6.8

4.6

5.6

5.8

Social Security/VAT

0.5

0.6

0.4

0.6

0.4

Corporation Tax

0.2

0.3

0.1

0.1

0.2

Dividends (Current Liability)

-

-

0.0

0.0

-

Other Current Liabilities

0.3

0.4

0.0

0.0

0.3

Total Current Liabilities

34.7

26.6

26.6

31.2

35.1

Group Loans (Long Term Liability)

-

-

-

0.0

-

Director Loans (Long Term Liability)

-

-

-

0.0

-

Hire Purchase (Long Term Liability)

-

-

-

0.0

-

Leasing (Long Term Liability)

-

-

-

0.0

-

Total Hire Purchase Loans (Long Term Liability)

-

-

-

0.0

-

Other Long Term Loans

-

-

-

0.0

-

Accruals/Deferred Income (Long Term Liability)

-

-

-

0.0

-

Other Long Term Liabilities

1.4

1.6

1.2

1.0

1.0

Total Long Term Liabilities

1.4

1.6

1.2

1.0

1.0

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

1.9

1.9

1.9

2.1

2.4

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

4.4

3.9

3.2

3.0

3.1

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

6.3

5.8

5.1

5.2

5.6

Net Worth

6.3

5.8

5.1

5.2

5.6

 

 

 

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

1.10

1.10

1.06

1.04

1.02

Liquidity Ratio

0.79

0.84

0.80

0.75

0.80

Stock Turnover

13.68

19.79

19.65

16.01

20.73

Credit Period (Days)

65.13

56.63

54.83

58.00

62.10

Working Capital by Sales

2.32%

1.97%

1.13%

0.88%

0.53%

Trade Credit by Debtors

0.72

0.63

0.76

0.69

0.59

Return on Capital

11.84%

15.30%

11.94%

7.86%

5.57%

Return on Assets

2.15%

3.33%

2.27%

1.30%

0.88%

Profit Margin

0.61%

0.82%

0.55%

0.34%

0.23%

Return on Shareholders Funds

14.53%

19.55%

14.65%

9.46%

6.54%

Borrowing Ratio

152.23%

88.22%

113.98%

180.25%

218.40%

Equity Gearing

14.81%

17.03%

15.51%

13.79%

13.41%

Interest Coverage

2.75

9.63

6.84

0.81

0.51

Sales by Tangible Assets

232.08

193.99

202.85

313.59

277.89

Average Remuneration per Employee

0.1

0.1

0.1

0.1

0.1

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

2.6

2.4

2.6

2.5

3.3

Capital Employed per Employee

0.1

0.1

0.1

0.1

0.1

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.7

0.6

0.6

0.7

0.9

Employee Remuneration by Sales

3.35%

3.79%

3.10%

2.74%

3.11%

Creditor Days (Cost of Sales Based)

49.50

37.59

44.07

42.08

39.15

Creditor Days (Sales Based)

47.08

35.49

41.81

40.12

36.88

 

 

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.