MIRA
INFORM REPORT
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Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
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Name : |
TAMURA-EUROPE LTD. |
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Registered Office : |
Clarke Avenue, Porte Marsh Industrial Estate, Calne, SN11 9BS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.01.1949 |
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Com. Reg. No.: |
00463530 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject offers technical and commercial support solutions |
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No. of Employees : |
303 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
United Kingdom - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).
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Source : CIA |
Company name & address
Tamura-Europe Ltd.
Clarke Avenue
Porte Marsh Industrial Estate
Calne, SN11 9BS
United Kingdom
(Trading Address)
Registered Address
Tel: 01380 731700
Fax: 01249 816134
Synthesis
Employees: 303
Company Type: Private Subsidiary
Corporate Family: 34
Companies
Ultimate Parent: TAMURA CORPORATION
Quoted Status: Non-quoted Company
Incorporation Date:
14-Jan-1949
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 70.5
1
Net Income: (6.3)
Total Assets: 37.8
Business Description
Tamura-Europe Ltd. offers technical and commercial support solutions. The company provides a variety of current sensors and wound components. It designs and manufactures a range of chokes and inductors. The company offers coils and reactors. It provides power transformers for consumer equipment and motor control systems. The company offers compatibility, immunity and environmental testing services. It provides solutions for the placement and orientation of current sensors. In addition, the company offers logistic and quality support solutions. It maintains a research and development centre and automated and advanced manufacturing facilities. The company serves customers in the industrial and IT sectors.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2291 - Spring and
Wire Product Manufacturing
NACE 2002: 2873 - Manufacture
of wire products
NAICS 2002: 332618 - Other Fabricated
Wire Product Manufacturing
UK SIC 2003: 2873 - Manufacture
of wire products
UK SIC 2007: 2593 - Manufacture
of wire products, chain and springs
US SIC 1987: 3496 -
Miscellaneous Fabricated Wire Products
Key Executives
|
Name |
Title |
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Takeaki Kitamura |
Managing Director |
|
Paul Randall |
Sales & Business Development Manager |
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Stewart Roland Cursley |
Secretary |
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Jonathan Parker |
Operations Director |
|
Brian Ingleson |
HR Manager |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593
Corporate Overview
Location
Clarke Avenue
Porte Marsh Industrial Estate
Calne, SN11 9BS
Wiltshire County
United Kingdom
Tel: 01380 731700
Fax: 01249 816134
Sales GBP(mil): 44.0
Assets GBP(mil): 24.3
Employees: 303
Fiscal Year End: 31-Dec-2011
Industry: Miscellaneous Fabricated Products
Registered
Address:
Tamura-Europe Limited
Clarke Avenue
Calne, SN11 9BS
United Kingdom
Incorporation Date: 14-Jan-1949
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 00463530
Managing Director: Takeaki
Kitamura
Industry Codes
ANZSIC 2006 Codes:
2291 - Spring and Wire Product Manufacturing
NACE 2002 Codes:
2873 - Manufacture of wire products
NAICS 2002 Codes:
332618 - Other Fabricated Wire Product Manufacturing
US SIC 1987:
3496 - Miscellaneous Fabricated Wire Products
UK SIC 2003:
2873 - Manufacture of wire products
UK SIC 2007:
2593 - Manufacture of wire products, chain and springs
Business
Description
Tamura-Europe Ltd. offers technical and commercial support solutions. The company provides a variety of current sensors and wound components. It designs and manufactures a range of chokes and inductors. The company offers coils and reactors. It provides power transformers for consumer equipment and motor control systems. The company offers compatibility, immunity and environmental testing services. It provides solutions for the placement and orientation of current sensors. In addition, the company offers logistic and quality support solutions. It maintains a research and development centre and automated and advanced manufacturing facilities. The company serves customers in the industrial and IT sectors.
More Business
Descriptions
Tamura-Europe Ltd.
is a manufacturer and marketer of electronic and magnetic components for the
global industrial, telecommunication and consumer markets worldwide. The
company offers experience in product development to support engineering and
manufacturing sectors. It offers complete range of products, including linear
power transformers, switch mode power supplies and transformers, inductors and
chokes, piezo and transducer technology, as well as linear adapters. The
company also provides various telecom transformers, such as modem, pulse and
audio transformers. (Updated by OneSource Information Services)
Manufacture of and
wholesale trade in power supplies and transformers
Electronic Components Distr
Manufacture of and wholesale trade in power supplies and transformers
Electronic
Component Manufacture and Distribution
Tamura-Europe Ltd.
is part of the Tamura Corporation, a world-class manufacturer of high quality
electronic components for the global industrial, telecom and consumer markets.
As part of the Tamura Corporation we invest in our customers' future by
providing an avenue of product development that promotes local engineering, low
cost manufacturing coupled with local logistics, technical and quality support.
Design Tamura-Europe Ltd. is committed to support its customer base in Europe,
North America, Asia and India. This is achieved through our network of regional
offices covering design, engineering, quality and technical sales. Our aim is
to provide customers with a selection of catalogue and custom designed
products, engineered to meet with customers' specific design and cost
requirements, while ensuring the highest level of quality. Quality
Tamura-Europe Ltd. has a long-standing commitment to quality. This is a
characteristic maintained to the highest level in all Tamura Corporation
facilities from Design to Manufacturing, embodied by the Corporation statement
""Customer & Quality First"". Our aim is to maintain an
environment of continuous improvement ensuring the highest level of service,
design, manufacturing and delivery performance. Tamura-Europe Ltd. is certified
to ISO9001:2000, ISO14001:2004 and has extensive experience working with
European and Worldwide safety certification agencies. Production Tamura-Europe
Ltd. together with Tamura Corporation has created some of the most automated
and advanced manufacturing facilities in the business. With locations in Czech
Republic, China, Mexico, Malaysia and Japan, we offer a wide range of
capabilities, services and low-cost solutions to meet customers' requirements.
As part of a global Corporation we work as a single cohesive unit, able to
support each other with raw materials right through to finished assemblies,
enabling us as a whole to manufacture over 1 million items a day.
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Corporate Family |
Corporate
Structure News: |
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TAMURA
CORPORATION |
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Tamura-Europe Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Nerima-Ku |
Japan |
Electronic Instruments and Controls |
978.2 |
6,713 |
|
|
Subsidiary |
Chachoengsao |
Thailand |
Textiles - Non Apparel |
|
716 |
|
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Subsidiary |
Calne |
United Kingdom |
Miscellaneous Fabricated Products |
70.5 |
303 |
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Subsidiary |
Calne |
United Kingdom |
Miscellaneous Fabricated Products |
16.0 |
124 |
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Facility |
Iruma, Saitama |
Japan |
Biotechnology and Drugs |
|
250 |
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Subsidiary |
Suzhou, Jiangsu |
China |
Construction and Agriculture Machinery |
|
200 |
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Subsidiary |
Fukushima |
Japan |
Electronic Instruments and Controls |
|
100 |
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Subsidiary |
Kurihara, Miyagi |
Japan |
Electronic Instruments and Controls |
|
100 |
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Facility |
Kodama, Saitama |
Japan |
Chemical Manufacturing |
|
50 |
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Subsidiary |
Temecula, CA |
United States |
Electronic Instruments and Controls |
13.1 |
35 |
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Subsidiary |
Anyang, Gyeonggi |
Korea, Republic of |
Electronic Instruments and Controls |
|
34 |
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Subsidiary |
Sayama, Saitama |
Japan |
Scientific and Technical Instruments |
|
32 |
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Subsidiary |
Kwai Chung, New Teritories |
Hong Kong |
Electronic Instruments and Controls |
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Subsidiary |
Huizhou, Guangdong |
China |
Electronic Instruments and Controls |
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Subsidiary |
Jacarei, Sao Paulo |
Brazil |
Electronic Instruments and Controls |
|
25 |
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Subsidiary |
Singapore |
Singapore |
Electronic Instruments and Controls |
|
23 |
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Branch |
Kwai Chung, New Territories |
Hong Kong |
Electronic Instruments and Controls |
796.0 |
10 |
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Subsidiary |
Bangkok |
Thailand |
Electronic Instruments and Controls |
|
10 |
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Subsidiary |
Northampton |
United Kingdom |
Chemical Manufacturing |
3.9 |
7 |
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Subsidiary |
Santa Clara, CA |
United States |
Chemical Manufacturing |
0.7 |
3 |
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Subsidiary |
Puchong, Selangor |
Malaysia |
Electronic Instruments and Controls |
|
3 |
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Subsidiary |
Tokyo |
Japan |
Semiconductors |
67.5 |
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Subsidiary |
Petaling Jaya, Selangor |
Malaysia |
Electronic Instruments and Controls |
31.3 |
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Facility |
Sayama, Saitama |
Japan |
Electronic Instruments and Controls |
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Subsidiary |
Sakado, Saitama |
Japan |
Electronic Instruments and Controls |
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Subsidiary |
Beijing |
China |
Electronic Instruments and Controls |
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Subsidiary |
Kwai Chung, New Territories |
Hong Kong |
Electronic Instruments and Controls |
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Subsidiary |
Kwai Chung, New Teritories |
Hong Kong |
Electronic Instruments and Controls |
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Subsidiary |
Seoul |
Korea, Republic of |
Electronic Instruments and Controls |
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Subsidiary |
Taipei |
Taiwan |
Electronic Instruments and Controls |
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Subsidiary |
Bangkok |
Thailand |
Electronic Instruments and Controls |
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Subsidiary |
Taipei |
Taiwan |
Electronic Instruments and Controls |
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Subsidiary |
Shanghai |
China |
Chemical Manufacturing |
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Subsidiary |
Huizhou, Guangdong |
China |
Electronic Instruments and Controls |
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Executive report
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Board of
Directors |
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Director |
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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Managing Director |
Managing Director |
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Operations Director |
Operations Executive |
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Secretary |
Company Secretary |
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HR Manager |
Human Resources Executive |
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Sales & Business Development Manager |
Sales Executive |
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PR Manager |
Public Relations Executive |
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Commercial Director |
Commercial Executive |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01380 731700 |
Annual Return Date: 09 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 |
19 Jun 1959 |
5-2306-1-1010 Mihara, |
01 Jun 2003 |
NA |
Current:1 |
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Current |
12 Jun 1954 |
Dulcote House, Dulcote, |
01 Jan 2008 |
NA |
Current:5 |
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Current |
11 Feb 1965 |
Clarke Avenue Porte Marsh Industrial Estate, |
01 Aug 2008 |
NA |
Current:2 |
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Current |
22 Jun 1951 |
34 Deerleap Way, |
09 May 1991 |
NA |
Current:2 |
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Previous |
15 Apr 1950 |
4 Mill Road, The Finings, |
09 May 1991 |
10 Apr 1995 |
Current:0 |
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Previous |
04 Sep 1936 |
19-43 Higashi-Oizumi 1-Chome, Nerima-Ku Tokyo 178 |
09 May 1991 |
NA |
Current:0 |
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Previous |
15 Apr 1950 |
1070-4 Iwasawa, |
01 Jun 2003 |
31 Dec 2009 |
Current:0 |
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Previous |
NA |
2-13-13 Akamidai, |
30 Dec 2005 |
26 Jun 2009 |
Current:0 |
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Previous |
31 Dec 1956 |
6-18-7 Higashi Ogawa, |
30 Dec 2005 |
01 Aug 2008 |
Current:0 |
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Previous |
NA |
2-5-8 Minami Machi, |
01 Jun 1991 |
01 Jul 1997 |
Current:0 |
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Previous |
23 Apr 1937 |
2 2100 5 Nishi Sayamaga Oka, Tororzawa Shi, |
01 Feb 1993 |
NA |
Current:0 |
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Previous |
24 Aug 1938 |
2 25 27 Miyamoto Clo, Tolorozawa Shi, |
01 Apr 1993 |
28 Aug 1996 |
Current:0 |
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Previous |
02 Oct 1938 |
408 36 Kume, Tokorozawa Shi, |
01 Apr 1992 |
01 Aug 1998 |
Current:0 |
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Previous |
03 Aug 1941 |
35 Rotherstone, |
01 Dec 1993 |
31 Jul 2001 |
Current:0 |
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Previous |
17 Apr 1939 |
1-2-1-10 Abiko, |
01 Sep 1996 |
01 Aug 1998 |
Current:0 |
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Previous |
24 Jul 1951 |
20 Waterside Park, Roundway, |
01 Apr 1995 |
12 Feb 1999 |
Current:0 |
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Previous |
13 Dec 1941 |
3-10-43 Toyo-Oko, |
01 Jul 1997 |
01 Jul 1999 |
Current:0 |
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Previous |
25 May 1947 |
3-10-26 Mastsubara-Cho, 196, |
01 Jan 1998 |
29 Jun 2005 |
Current:0 |
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Previous |
25 Jun 1945 |
24-26 Unoki, |
20 Dec 1999 |
30 Jun 2002 |
Current:0 |
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Previous |
20 Oct 1940 |
5-24-10 Kyoudou, |
20 Dec 1999 |
30 Jun 2002 |
Current:0 |
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Previous |
15 Sep 1950 |
2071 4 Kasahata, |
06 Jul 2000 |
31 Mar 2003 |
Current:0 |
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Previous |
28 Jun 1960 |
53 Marshfield Road, |
02 Jan 2002 |
31 Mar 2003 |
Current:0 |
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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 |
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Current |
12 Jun 1954 |
Dulcote House, Dulcote, |
05 Jun 2006 |
NA |
Current:5 |
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Previous |
16 Oct 1939 |
15 Lightfoot Lawn, Kingsley Road Milton, |
01 Jun 1993 |
01 Jan 1998 |
Current:0 |
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Previous |
18 Jan 1960 |
36 Farne Way, Wootton Bassett, |
02 Jan 1998 |
05 Jun 2006 |
Current:0 |
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Previous |
25 May 1947 |
3-10-26 Mastsubara-Cho, 196, |
NA |
31 May 1993 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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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 |
|
Tamura Corp Of Japan |
9999999 Ordinary GBP 1.00 |
Ordinary |
9,999,999 |
1.00 |
9,999,999.00 |
100.00 |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Tamura Kaken (UK) Ltd |
01530710 |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
<0.01 |
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
|
Consolidated |
No |
Yes |
No |
No |
No |
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Turnover (UK) |
5.4 |
12.0 |
2.7 |
4.0 |
4.4 |
|
Turnover (Exports) |
65.1 |
61.0 |
58.6 |
90.7 |
68.4 |
|
Total Turnover |
70.5 |
73.0 |
61.3 |
94.7 |
72.8 |
|
Cost of Sales |
61.8 |
63.4 |
53.4 |
84.7 |
65.5 |
|
Gross Profit |
8.7 |
9.6 |
7.9 |
10.0 |
7.3 |
|
Depreciation |
0.5 |
0.6 |
0.4 |
0.4 |
0.5 |
|
Other Expenses |
14.3 |
10.0 |
7.3 |
6.5 |
4.9 |
|
Operating Profit |
-5.6 |
- |
0.6 |
3.6 |
2.5 |
|
Other Income |
0.1 |
0.4 |
0.0 |
0.1 |
0.1 |
|
Interest Paid |
0.6 |
0.5 |
0.5 |
0.6 |
0.5 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
-6.1 |
-0.5 |
0.0 |
3.1 |
2.1 |
|
Tax Payable / Credit |
0.2 |
1.5 |
0.3 |
0.1 |
-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 |
-6.3 |
-2.0 |
-0.2 |
3.0 |
3.7 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Non Audit Fees |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
303 |
437 |
266 |
282 |
225 |
|
Wages |
7.3 |
9.9 |
5.3 |
5.2 |
4.3 |
|
Social Security Costs |
1.2 |
2.0 |
1.5 |
1.2 |
0.7 |
|
Other Pension Costs |
0.8 |
0.9 |
0.7 |
0.7 |
0.6 |
|
Employees Remuneration |
9.3 |
12.8 |
7.5 |
7.1 |
5.7 |
|
Directors Remuneration |
0.4 |
0.3 |
0.2 |
0.3 |
0.2 |
|
Highest Paid Director |
0.2 |
0.2 |
- |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
|
Consolidated |
No |
Yes |
No |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.1 |
0.3 |
0.1 |
0.1 |
0.2 |
|
Plant & Vehicles |
1.2 |
2.2 |
1.3 |
0.7 |
1.3 |
|
Total Tangible Fixed Assets |
1.3 |
2.5 |
1.4 |
0.8 |
1.4 |
|
Intangible Assets |
0.0 |
10.8 |
0.0 |
0.0 |
0.0 |
|
Investments |
9.9 |
0.4 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
11.2 |
13.8 |
1.4 |
0.8 |
1.4 |
|
Stocks |
- |
10.6 |
6.7 |
8.6 |
10.5 |
|
Work in Progress |
- |
1.2 |
0.1 |
0.2 |
0.3 |
|
Total Stocks Work In Progress |
10.7 |
11.8 |
6.9 |
8.7 |
10.8 |
|
Trade Debtors |
12.2 |
15.4 |
6.0 |
9.0 |
11.2 |
|
Inter-Company Debtors |
0.5 |
0.7 |
0.1 |
0.3 |
0.3 |
|
Other Debtors |
1.4 |
1.0 |
1.8 |
2.2 |
3.0 |
|
Total Debtors |
14.1 |
17.0 |
7.9 |
11.5 |
14.5 |
|
Cash and Equivalents |
1.8 |
4.6 |
2.3 |
3.1 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
26.6 |
33.4 |
17.0 |
23.3 |
25.3 |
|
Total Assets |
37.8 |
47.2 |
18.4 |
24.1 |
26.7 |
|
Trade Creditors |
7.5 |
6.6 |
3.9 |
10.6 |
6.1 |
|
Bank Overdraft |
11.3 |
12.8 |
1.2 |
0.0 |
2.9 |
|
Inter-Company Creditors |
4.5 |
5.1 |
2.1 |
2.3 |
5.3 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
3.4 |
4.4 |
2.0 |
3.2 |
4.6 |
|
Social Security/VAT |
0.3 |
0.4 |
0.5 |
0.4 |
0.4 |
|
Corporation Tax |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
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 |
27.0 |
29.4 |
9.9 |
16.4 |
19.3 |
|
Group Loans (Long Term Liability) |
5.1 |
5.2 |
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 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
2.3 |
2.8 |
4.7 |
|
Total Long Term Liabilities |
5.1 |
5.7 |
2.3 |
2.8 |
4.7 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
3.5 |
2.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
3.5 |
2.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
15.5 |
15.7 |
11.5 |
10.2 |
14.1 |
|
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 |
-13.5 |
-5.5 |
-5.2 |
-5.2 |
-11.3 |
|
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 |
2.0 |
10.2 |
6.2 |
5.0 |
2.8 |
|
Net Worth |
2.0 |
-0.7 |
6.2 |
5.0 |
2.8 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
|
Consolidated |
No |
Yes |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
|
Consolidated |
No |
Yes |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
0.98 |
1.14 |
1.72 |
1.42 |
1.31 |
|
Liquidity Ratio |
0.59 |
0.74 |
1.03 |
0.89 |
0.75 |
|
Stock Turnover |
6.38 |
6.28 |
9.23 |
8.50 |
6.71 |
|
Credit Period (Days) |
65.24 |
75.79 |
34.68 |
44.12 |
56.38 |
|
Working Capital by Sales |
-0.67% |
5.49% |
11.25% |
9.31% |
8.31% |
|
Trade Credit by Debtors |
0.61 |
0.43 |
0.65 |
1.18 |
0.54 |
|
Return on Capital |
-55.20% |
-2.84% |
0.61% |
31.20% |
27.48% |
|
Return on Assets |
-15.67% |
-1.07% |
0.28% |
10.02% |
7.67% |
|
Profit Margin |
-8.66% |
-0.69% |
0.08% |
3.26% |
2.83% |
|
Return on Shareholders Funds |
-288.70% |
-4.97% |
0.83% |
48.46% |
73.36% |
|
Borrowing Ratio |
1,024.72% |
-3,551.20% |
53.83% |
45.78% |
293.45% |
|
Equity Gearing |
5.43% |
21.59% |
33.69% |
20.68% |
10.45% |
|
Debt Gearing |
250.19% |
-793.27% |
- |
- |
- |
|
Interest Coverage |
-10.97 |
-1.04 |
0.09 |
5.50 |
4.06 |
|
Sales by Tangible Assets |
54.19 |
29.16 |
45.55 |
88.17 |
50.26 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Capital Employed per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
13.26% |
17.50% |
12.24% |
7.51% |
7.79% |
|
Creditor Days (Cost of Sales Based) |
45.64 |
37.40 |
26.05 |
58.12 |
34.06 |
|
Creditor Days (Sales Based) |
40.03 |
32.49 |
22.71 |
51.95 |
30.62 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
|
UK Pound |
1 |
Rs.83.78 |
|
Euro |
1 |
Rs.71.33 |
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.