MIRA INFORM REPORT
|
Report Date : |
29.08.2013 |
IDENTIFICATION DETAILS
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Name : |
KWAN YICK (U.K.) LTD. |
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Registered Office : |
Unit B New Venture Buildings, Caswell Way,
Reevesland Industrial Estate, Newport, NP19 4PW |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
18.09.1987 |
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Com. Reg. No.: |
02166876 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Importers, Wholesalers and Distributors to the
Chinese catering trade and ethnic ‘ready-meal' manufacturers. |
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No. of Employees : |
55 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the second
largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an
asset purchase program of up to £375 billion (approximately $605 billion) as of
December 2012. 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). In 2012, weak consumer spending and
subdued business investment weighed on the economy. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase.
|
Source : CIA |
Company name & address
Kwan Yick (U.K.) Ltd.
Unit B New Venture Buildings
Caswell Way
Reevesland Industrial Estate
Newport, NP19 4PW
United Kingdom
Tel:
01633280280
Fax:
01633278388
Web: www.kwanyick.com
Synthesis
Employees:
55
Company Type:
Private Parent
Quoted Status:
Non-quoted Company
Incorporation Date:
18-Sep-1987
Auditor:
PricewaterhouseCoopers
LLP
Financials in: usd (millions)
Fiscal Year End:
30-Jun-2012
Reporting Currency:
British Pound Sterling
Annual Sales:
36.6 1
Net Income:
0.6
Total Assets:
10.3
Business Description
A professional nationwide service with that
personal touch… From humble origins in 1982 Kwan Yick has emerged as one of
the UK's leading specialist importers, wholesalers and distributors to the
Chinese catering trade and ethnic ‘ready-meal' manufacturers. From initially
supplying primarily packaging materials (and a few staple foodstuffs) to the
fast-food trade in South Wales, Kwan Yick now supplies throughout the UK and
Ireland in excess of 1000 ambient product lines aimed specifically at producers
of Chinese meals. Kwan Yick translates as ""service"" or
""benefit to the community"" … and service, as our
(1500+) customers and our suppliers have discovered for themselves, epitomises
Kwan Yick's philosophy. Kwan Yick remains a family owned business, with two
generations of the Wo family actively involved in the day to day operation of
the business, and the Wo family ethos permeates the company from the personal
service of our seven sales personnel, to the delivery (using our own vehicles)
of orders directly into our restaurant and take-away customers' storerooms,
through to the provision of detailed product specifications for our
food-processor customers Kwan Yick's attention to detail is second to none in
the UK's specialist oriental import, wholesale and distribution sector. Being a
trained chef, Kwan Yick's managing director, Mr Hock Leung Wo, has been able to
combine his training with the company's knowledge of oriental ingredients to
assist our restaurant and take-away customers in creating attractive
well-balanced dishes. This facility is readily available to our food-processor
customers ensuring that they have available the same high quality ingredients
demanded by our restaurant and take-away customers; augmenting their ability to
produce oriental ready-meals as similar to the traditional dishes as can be
achieved outside a Chinese kitchen. Number of Employees: 50 Our turnover:
£10-20m Distribution: International Our markets: Catering Manufacturing Retail
Wholesale Our activity: Chinese food ingredients We import from the following
locations: China Hong Kong Middle East Thailand Europe Our product range
includes: Rice Cooking Oils Sauces Flour Corn Flour Spices Foil Containers
Polystyrene Cups & Containers Disposable Tableware Salt Sugar Vinegar Food
Colourings Chinese Beer Cooking Wines and many other tinned & dried
provisions. Our products are supplied in the following formats: Dried Tinned
Preserved Boxed
Industry
Industry Miscellaneous
Wholesale
ANZSIC 2006:
3739 - Other Goods Wholesaling Not Elsewhere Classified
ISIC Rev 4:
4690 - Non-specialized wholesale trade
NACE Rev 2:
4690 - Non-specialised wholesale trade
NAICS 2012:
423990 - Other Miscellaneous Durable Goods Merchant Wholesalers
UK SIC 2007:
4690 - Non-specialised wholesale trade
US SIC 1987:
5099 - Durable Goods, Not Elsewhere Classified
Key Executives
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Financial Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6313531
2 - Balance Sheet
Item Exchange Rate: USD 1 = GBP 0.6452901
Corporate Overview
Location
Unit B New
Venture Buildings
Caswell Way
Reevesland
Industrial Estate
Newport, NP19 4PW
Newport County
United Kingdom
Tel: 01633280280
Fax: 01633278388
Web: www.kwanyick.com
Sales GBP(mil): 23.1
Assets GBP(mil): 6.6
Employees: 55
Fiscal Year End: 30-Jun-2012
Industry: Miscellaneous Capital
Goods
Registered Address:
Unit B New
Venture Buildings
Caswell Way
Newport, NP19 4PW
United Kingdom
Incorporation
Date: 18-Sep-1987
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(UK): 02166876
Managing
Director: Hock Leung Wo
Industry Codes
ANZSIC 2006
Codes:
3739 - Other
Goods Wholesaling Not Elsewhere Classified
ISIC Rev 4 Codes:
4690 - Non-specialized
wholesale trade
NACE Rev 2 Codes:
4690 - Non-specialised
wholesale trade
NAICS 2012 Codes:
423990 - Other
Miscellaneous Durable Goods Merchant Wholesalers
US SIC 1987:
5099 - Durable
Goods, Not Elsewhere Classified
UK SIC 2007:
4690 - Non-specialised
wholesale trade
Business Description
Importers and distributor
of specialist foods and packaging materials for the catering trade.
More Business Descriptions
Distribution
Service Providers
A professional
nationwide service with that personal touch… From humble origins in 1982 Kwan
Yick has emerged as one of the UK's leading specialist importers, wholesalers
and distributors to the Chinese catering trade and ethnic ‘ready-meal'
manufacturers. From initially supplying primarily packaging materials (and a
few staple foodstuffs) to the fast-food trade in South Wales, Kwan Yick now
supplies throughout the UK and Ireland in excess of 1000 ambient product lines
aimed specifically at producers of Chinese meals. Kwan Yick translates as
""service"" or ""benefit to the community""
… and service, as our (1500+) customers and our suppliers have discovered for
themselves, epitomises Kwan Yick's philosophy. Kwan Yick remains a family owned
business, with two generations of the Wo family actively involved in the day to
day operation of the business, and the Wo family ethos permeates the company
from the personal service of our seven sales personnel, to the delivery (using
our own vehicles) of orders directly into our restaurant and take-away
customers' storerooms, through to the provision of detailed product specifications
for our food-processor customers Kwan Yick's attention to detail is second to
none in the UK's specialist oriental import, wholesale and distribution sector.
Being a trained chef, Kwan Yick's managing director, Mr Hock Leung Wo, has been
able to combine his training with the company's knowledge of oriental
ingredients to assist our restaurant and take-away customers in creating
attractive well-balanced dishes. This facility is readily available to our
food-processor customers ensuring that they have available the same high
quality ingredients demanded by our restaurant and take-away customers;
augmenting their ability to produce oriental ready-meals as similar to the
traditional dishes as can be achieved outside a Chinese kitchen. Number of
Employees: 50 Our turnover: £10-20m Distribution: International Our markets:
Catering Manufacturing Retail Wholesale Our activity: Chinese food ingredients
We import from the following locations: China Hong Kong Middle East Thailand
Europe Our product range includes: Rice Cooking Oils Sauces Flour Corn Flour
Spices Foil Containers Polystyrene Cups & Containers Disposable Tableware
Salt Sugar Vinegar Food Colourings Chinese Beer Cooking Wines and many other
tinned & dried provisions. Our products are supplied in the following
formats: Dried Tinned Preserved Boxed
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%20LTD%20%20-%20233923%2029-Aug-2013_files/image006.gif){kind=small}
Directors and Shareholders Report
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Main Office
Address: |
Tel: 01633280280 |
Annual Return Date: 09 Nov 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
01 Mar 1952 |
Woodlands, Hendrew Lane Llandevaud, |
09 Nov 1991 |
NA |
Current:1 |
|
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|
Current |
30 Nov 1977 |
34 Melrose Avenue, Penylan, |
04 Jan 2008 |
NA |
Current:2 |
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Previous |
16 Oct 1957 |
Woodlands, Hendrew Lane Llandevaud, |
09 Nov 1991 |
19 Aug 2005 |
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 |
|
|
Current |
30 Nov 1977 |
34 Melrose Avenue, Penylan, |
19 Aug 2005 |
NA |
Current:2 |
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|
Previous |
16 Oct 1957 |
Woodlands, Hendrew Lane Llandevaud, |
09 Nov 1991 |
19 Aug 2005 |
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 |
|
Daniel Wo |
150 Ordinary GBP 0.00 |
Ordinary |
150 |
0.00 |
<0.01 |
5.00 |
|
Hock Leung Wo |
2850 Ordinary GBP 0.00 |
Ordinary |
2,850 |
0.00 |
<0.01 |
95.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.631353 |
0.629106 |
0.633607 |
0.627423 |
0.499214 |
|
Consolidated |
No |
No |
No |
No |
No |
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|
|
|
|
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|
Turnover (UK) |
- |
- |
0.0 |
- |
- |
|
Turnover (Exports) |
- |
- |
28.2 |
- |
- |
|
Total Turnover |
36.6 |
32.7 |
28.2 |
27.6 |
32.0 |
|
Cost of Sales |
31.3 |
26.9 |
23.2 |
22.4 |
26.1 |
|
Gross Profit |
5.3 |
5.8 |
5.0 |
5.1 |
6.0 |
|
Depreciation |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Other Expenses |
4.5 |
4.0 |
3.8 |
4.6 |
5.5 |
|
Operating Profit |
0.9 |
1.8 |
1.2 |
0.5 |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
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 |
0.8 |
1.6 |
1.1 |
0.5 |
0.5 |
|
Tax Payable / Credit |
0.2 |
0.4 |
0.3 |
0.1 |
0.1 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.9 |
0.0 |
0.0 |
|
Profit After Taxes |
0.6 |
1.2 |
-0.1 |
0.4 |
0.4 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
55 |
56 |
56 |
56 |
58 |
|
Wages |
2.2 |
2.2 |
2.1 |
2.8 |
3.4 |
|
Social Security Costs |
0.2 |
0.2 |
0.2 |
0.3 |
0.4 |
|
Pensions |
0.3 |
- |
- |
- |
- |
|
Other Pension Costs |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
2.7 |
2.4 |
2.3 |
3.1 |
3.8 |
|
Directors Emoluments |
0.3 |
- |
- |
- |
- |
|
Other Costs |
0.0 |
- |
- |
- |
- |
|
Directors Remuneration |
0.6 |
0.3 |
0.4 |
0.9 |
0.9 |
|
Highest Paid Director |
0.2 |
0.2 |
0.2 |
0.8 |
0.8 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.64529 |
0.622878 |
0.668405 |
0.60722 |
0.502475 |
|
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 |
0.1 |
0.2 |
|
Plant & Vehicles |
0.5 |
0.5 |
0.2 |
0.3 |
0.3 |
|
Total Tangible Fixed Assets |
0.5 |
0.6 |
0.3 |
0.5 |
0.6 |
|
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 |
0.5 |
0.6 |
0.3 |
0.5 |
0.6 |
|
Stocks |
4.9 |
5.4 |
4.5 |
3.9 |
5.2 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
4.9 |
5.4 |
4.5 |
3.9 |
5.2 |
|
Trade Debtors |
2.3 |
1.8 |
1.8 |
2.3 |
3.0 |
|
Inter-Company Debtors |
- |
0.0 |
- |
- |
- |
|
Director Loans |
- |
0.0 |
- |
- |
- |
|
Other Debtors |
0.1 |
0.1 |
0.2 |
0.2 |
0.2 |
|
Total Debtors |
2.5 |
1.9 |
1.9 |
2.5 |
3.3 |
|
Cash and Equivalents |
1.9 |
2.6 |
0.1 |
1.7 |
2.0 |
|
Other Current Assets |
0.5 |
0.0 |
0.7 |
0.0 |
0.0 |
|
Total Current Assets |
9.8 |
9.9 |
7.3 |
8.1 |
10.4 |
|
Total Assets |
10.3 |
10.5 |
7.6 |
8.6 |
10.9 |
|
Trade Creditors |
2.2 |
1.6 |
1.8 |
1.2 |
1.9 |
|
Bank Overdraft |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inter-Company Creditors |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Current Liability) |
1.1 |
1.8 |
0.6 |
0.9 |
1.0 |
|
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) |
1.0 |
1.2 |
1.0 |
1.9 |
2.2 |
|
Social Security/VAT |
0.1 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Corporation Tax |
0.2 |
0.4 |
0.3 |
0.1 |
0.1 |
|
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 |
4.5 |
5.1 |
3.8 |
4.3 |
5.3 |
|
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 |
0.1 |
|
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 |
0.1 |
|
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 |
0.1 |
|
Deferred Taxation |
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 |
5.7 |
5.3 |
3.8 |
4.3 |
5.6 |
|
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 |
5.7 |
5.3 |
3.8 |
4.3 |
5.6 |
|
Net Worth |
5.7 |
5.3 |
3.8 |
4.3 |
5.6 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631353 |
0.629106 |
0.633607 |
0.627423 |
0.499214 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
1.2 |
1.3 |
0.6 |
1.0 |
-1.4 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
-0.1 |
0.0 |
0.0 |
0.1 |
|
Taxation |
-0.4 |
-0.3 |
-0.1 |
-0.1 |
-0.1 |
|
Capital Expenditures |
-0.2 |
-0.4 |
0.0 |
-0.2 |
0.0 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
-0.9 |
0.0 |
0.0 |
|
Management of Liquid Resources |
-0.5 |
0.8 |
-0.8 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-0.7 |
1.1 |
-0.2 |
-0.6 |
0.3 |
|
Increase in Cash |
-0.6 |
2.4 |
-1.5 |
0.1 |
-1.1 |
Annual Ratios
Financials in: USD (mil)
|
|
|
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.64529 |
0.622878 |
0.668405 |
0.60722 |
0.502475 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
2.16 |
1.93 |
1.93 |
1.91 |
1.96 |
|
Liquidity Ratio |
1.07 |
0.87 |
0.74 |
0.98 |
0.98 |
|
Stock Turnover |
7.26 |
6.06 |
5.91 |
7.22 |
6.15 |
|
Credit Period (Days) |
23.91 |
19.43 |
24.11 |
29.07 |
34.95 |
|
Working Capital by Sales |
14.62% |
14.42% |
13.21% |
13.58% |
15.95% |
|
Trade Credit by Debtors |
0.94 |
0.93 |
1.02 |
0.54 |
0.62 |
|
Return on Capital |
13.34% |
31.03% |
27.87% |
11.46% |
9.61% |
|
Return on Assets |
7.48% |
15.84% |
14.00% |
5.78% |
4.95% |
|
Profit Margin |
2.15% |
5.05% |
4.00% |
1.75% |
1.70% |
|
Return on Shareholders Funds |
13.41% |
31.23% |
27.87% |
11.46% |
9.71% |
|
Borrowing Ratio |
18.29% |
33.81% |
16.94% |
21.13% |
18.71% |
|
Equity Gearing |
55.81% |
50.74% |
50.24% |
50.42% |
50.94% |
|
Debt Gearing |
- |
- |
- |
- |
1.04% |
|
Interest Coverage |
9.94 |
13.84 |
19.83 |
6.71 |
10.46 |
|
Sales by Tangible Assets |
67.24 |
54.28 |
87.50 |
60.03 |
57.55 |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.7 |
0.6 |
0.5 |
0.5 |
0.5 |
|
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 |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Employee Remuneration by Sales |
7.46% |
7.26% |
8.17% |
11.10% |
11.73% |
|
Creditor Days (Cost of Sales Based) |
26.17 |
21.92 |
30.01 |
19.22 |
26.73 |
|
Creditor Days (Sales Based) |
22.36 |
18.06 |
24.68 |
15.64 |
21.77 |
|
|
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.68.36 |
|
UK Pound |
1 |
Rs.106.03 |
|
Euro |
1 |
Rs.91.47 |
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.