MIRA
INFORM REPORT
|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
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Name : |
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Formerly Known As : |
Barleymarsh Ltd. |
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Registered Office : |
The |
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Country : |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
30.04.1992 |
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Com. Reg. No.: |
02711105 |
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Legal Form : |
Private
Independent Company |
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Line of Business : |
· manufacturer of flanges in all grades of stainless steel. Subject is now one of the leading independent
stockholders of stainless steel pipe, fittings and flanges and currently
supplying the whole of the |
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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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
Yorkshire Stainless Ltd.
The Gateway
Industrial Estate
Parkgate
Rotherham, S62
6JL
United Kingdom
Tel: 01709 710171
Web: www.yorkshirestainless.com
Synthesis
Employees: 29
Company Type: Private
Independent
Quoted Status: Non-quoted
Company
Incorporation
Date: 30-Apr-1992
Auditor: Hart
Shaw LLP
Financials in: USD (Millions)
Fiscal Year End: 31-Jul-2012
Reporting
Currency: British Pound Sterling
Annual Sales: 13.9 1
Net Income: 1.6
Total Assets: 13.3
Business
Description
Established in
1992, we began life as a manufacturer of flanges in all grades of stainless
steel. Over the years the company has developed into a large-scale operation,
covering some 36,000 sq feet. Our customer base includes many of the national,
blue chip, multi metal stockists as well as 2nd & 3rd tier traders. We also
have a base of long standing end users from across all industry sectors, and
continue to win new business based on our stock range and service. YSL is now
one of the leading independent stockholders of stainless steel pipe, fittings
and flanges and currently supplying the whole of the UK and Ireland on a next day
service. Manufacturing has now expanded to a variety of CNC lathes and
machining centres, with trepanning, boring, drilling and threading facilities,
complemented by eight saws, cutting 24 hours a day, 7 days a week. Along with
an experienced team, we are sure we can continue to service our customers from
the exceptional range of products we now hold.
Industry
Industry
Metal Products Manufacturing
ANZSIC 2006: 2229 - Other Structural Metal Product
Manufacturing
ISIC Rev 4: 2511 - Manufacture of structural metal
products
NACE Rev 2: 2511 - Manufacture of metal structures and
parts of structures
NAICS 2012: 33231 - Plate Work and Fabricated
Structural Product Manufacturing
UK SIC 2007: 2511 - Manufacture of metal structures and
parts of structures
US SIC 1987:
3441 - Fabricated Structural Metal
Key
Executives
|
Name |
Title |
|
Sharon Osborne |
Secretary |
|
Steven Derek Osborne |
Director |
|
Wendy Ann Smith |
Director |
Financial Summary
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1 - Profit & Loss
Item Exchange Rate: USD 1 = GBP 0.633217
2 - Balance Sheet
Item Exchange Rate: USD 1 = GBP 0.6373146
Corporate
Overview
Location
The Gateway
Industrial Estate
Parkgate
Rotherham, S62
6JL
South Yorkshire
County
United Kingdom
Tel: 01709 710171
Web www.yorkshirestainless.com
Sales GBP(mil): 8.8
Assets GBP(mil): 8.5
Employees: 29
Fiscal Year End: 31-Jul-2012
Industry: Construction - Supplies
and Fixtures
Registered Address:
The Hart Shaw
Building
Europa Link
Sheffield Business
Park Sheffield
Sheffield, S9 1XU
United Kingdom
Incorporation
Date: 30-Apr-1992
Company Type: Private Independent
Quoted Status: Not Quoted
Previous Name: Barleymarsh Ltd.
Registered
No.(UK): 02711105
Director: Steven Derek Osborne
Industry Codes
ANZSIC 2006
Codes:
2229 - Other
Structural Metal Product Manufacturing
ISIC Rev 4 Codes:
2511 - Manufacture
of structural metal products
NACE Rev 2 Codes:
2511 - Manufacture of metal structures and
parts of structures
NAICS 2012 Codes:
33231 - Plate Work and Fabricated Structural
Product Manufacturing
US SIC 1987:
3441 - Fabricated Structural Metal
UK SIC 2007:
2511 - Manufacture
of metal structures and parts of structures
Business Description
Sale of stainless
steel flanges.
More Business Descriptions
Stainless Steel
Finished Products
Established in
1992, we began life as a manufacturer of flanges in all grades of stainless steel.
Over the years the company has developed into a large-scale operation, covering
some 36,000 sq feet. Our customer base includes many of the national, blue
chip, multi metal stockists as well as 2nd & 3rd tier traders. We also have
a base of long standing end users from across all industry sectors, and
continue to win new business based on our stock range and service. YSL is now
one of the leading independent stockholders of stainless steel pipe, fittings
and flanges and currently supplying the whole of the UK and Ireland on a next
day service. Manufacturing has now expanded to a variety of CNC lathes and
machining centres, with trepanning, boring, drilling and threading facilities,
complemented by eight saws, cutting 24 hours a day, 7 days a week. Along with
an experienced team, we are sure we can continue to service our customers from
the exceptional range of products we now hold.
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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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Executives |
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Secretary |
Company Secretary |
. |
Directors
and Shareholders Report
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Main Office Address: |
Tel: 01709 710171 |
Annual Return Date: 30 Apr 2013 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
19 Dec 1957 |
7 Sherwood Close, Gomersal, |
15 May 1992 |
NA |
Current:1 |
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Current |
24 Oct 1970 |
12 Oak Barn The Wapping, Hooton Roberts, |
14 Jul 2010 |
NA |
Current:1 |
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Previous |
08 Oct 1958 |
52 High Street, Laughton, |
15 May 1992 |
31 Mar 2004 |
Current:0 |
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Previous |
16 Apr 1951 |
49 Woodkirk Gardens, Woodkirk, |
15 May 1992 |
22 May 1996 |
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 |
NA |
7 Sherwood Close, |
31 Mar 2004 |
NA |
Current:1 |
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Previous |
19 Dec 1957 |
7 Sherwood Close, Gomersal, |
15 May 1992 |
31 Mar 2004 |
Current:1 |
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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 |
|
Sharon Osborne |
490 Ordinary GBP 1.00 |
Ordinary |
490 |
1.00 |
490.00 |
49.00 |
|
Steven Derek Osborne |
510 Ordinary GBP 1.00 |
Ordinary |
510 |
1.00 |
510.00 |
51.00 |
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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)
|
|
31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.633217 |
0.626063 |
0.637195 |
0.636663 |
0.500129 |
|
Consolidated |
No |
No |
No |
No |
No |
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|
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|
Turnover (UK) |
13.2 |
- |
- |
- |
- |
|
Turnover (Exports) |
0.7 |
- |
- |
- |
- |
|
Total Turnover |
13.9 |
12.2 |
- |
9.7 |
- |
|
Cost of Sales |
9.7 |
8.6 |
- |
7.5 |
- |
|
Gross Profit |
4.2 |
3.6 |
- |
2.2 |
3.7 |
|
Depreciation |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Other Expenses |
1.5 |
1.8 |
- |
1.4 |
1.6 |
|
Operating Profit |
2.7 |
- |
- |
0.8 |
2.1 |
|
Other Income |
0.0 |
0.0 |
- |
0.0 |
0.3 |
|
Interest Paid |
0.1 |
0.1 |
- |
0.1 |
0.2 |
|
Exceptional Income |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
- |
0.0 |
- |
|
Profit Before Taxes |
2.6 |
1.7 |
- |
0.7 |
2.2 |
|
Tax Payable / Credit |
0.7 |
0.5 |
- |
0.2 |
0.6 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Dividends |
0.3 |
0.3 |
- |
0.2 |
0.3 |
|
Profit After Taxes |
1.6 |
0.9 |
- |
0.4 |
1.3 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Number of Employees |
29 |
27 |
- |
23 |
25 |
|
Wages |
1.3 |
1.2 |
- |
1.0 |
1.2 |
|
Social Security Costs |
0.1 |
0.1 |
- |
0.1 |
0.1 |
|
Pensions |
0.0 |
- |
- |
0.0 |
0.0 |
|
Other Pension Costs |
0.0 |
0.3 |
- |
0.0 |
0.0 |
|
Employees Remuneration |
1.4 |
1.6 |
- |
1.1 |
1.4 |
|
Directors Emoluments |
- |
- |
- |
0.1 |
0.1 |
|
Other Costs |
0.3 |
- |
- |
0.0 |
0.0 |
|
Directors Remuneration |
0.3 |
0.4 |
- |
0.1 |
0.1 |
|
Highest Paid Director |
- |
- |
- |
0.1 |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.637315 |
0.609199 |
0.638529 |
0.603191 |
0.504821 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
Land & Buildings |
0.7 |
0.8 |
- |
0.8 |
1.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Plant & Vehicles |
0.4 |
0.4 |
- |
0.4 |
0.5 |
|
Total Tangible Fixed Assets |
1.1 |
1.2 |
1.2 |
1.3 |
1.6 |
|
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 |
1.1 |
1.2 |
1.2 |
1.3 |
1.6 |
|
Stocks |
8.3 |
6.0 |
- |
5.6 |
4.6 |
|
Work in Progress |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
8.3 |
6.0 |
5.4 |
5.6 |
4.6 |
|
Trade Debtors |
3.8 |
4.1 |
- |
2.6 |
3.9 |
|
Inter-Company Debtors |
- |
- |
- |
0.0 |
0.0 |
|
Director Loans |
- |
- |
- |
0.0 |
0.0 |
|
Other Debtors |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Debtors |
3.8 |
4.1 |
2.9 |
2.6 |
3.9 |
|
Cash and Equivalents |
0.0 |
0.2 |
0.2 |
0.0 |
0.1 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
12.2 |
10.3 |
8.4 |
8.3 |
8.7 |
|
Total Assets |
13.3 |
11.6 |
9.6 |
9.6 |
10.3 |
|
Trade Creditors |
1.4 |
1.6 |
- |
0.7 |
1.7 |
|
Bank Overdraft |
2.5 |
1.8 |
- |
3.0 |
1.9 |
|
Director Loans (Current Liability) |
0.7 |
0.6 |
- |
0.4 |
0.3 |
|
Hire Purchase (Current Liability) |
0.1 |
0.1 |
- |
0.1 |
0.1 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.1 |
0.1 |
- |
0.1 |
0.1 |
|
Accruals/Deferred Income (Current Liability) |
0.3 |
0.3 |
- |
0.1 |
0.1 |
|
Social Security/VAT |
0.1 |
0.3 |
- |
0.2 |
0.2 |
|
Corporation Tax |
0.7 |
0.5 |
- |
0.4 |
0.6 |
|
Other Current Liabilities |
0.0 |
0.0 |
4.2 |
0.0 |
0.0 |
|
Total Current Liabilities |
5.8 |
5.1 |
4.2 |
4.9 |
4.9 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.1 |
0.0 |
- |
0.1 |
0.2 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.1 |
0.0 |
- |
0.1 |
0.2 |
|
Other Long Term Loans |
0.5 |
0.7 |
- |
0.2 |
0.4 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
1.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.5 |
0.8 |
1.0 |
0.3 |
0.6 |
|
Deferred Taxation |
0.1 |
0.1 |
- |
0.1 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
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 |
6.9 |
5.6 |
4.4 |
4.3 |
4.6 |
|
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 |
6.9 |
5.6 |
4.4 |
4.3 |
4.6 |
|
Net Worth |
6.9 |
5.6 |
4.4 |
4.3 |
4.6 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.633217 |
0.626063 |
0.637195 |
0.636663 |
0.500129 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
- |
0.9 |
- |
-0.7 |
0.5 |
|
Net Cash Flow from ROI and Servicing of Finance |
- |
-0.1 |
- |
-0.1 |
-0.1 |
|
Taxation |
- |
-0.2 |
- |
-0.2 |
-0.3 |
|
Capital Expenditures |
- |
0.0 |
- |
-0.1 |
0.1 |
|
Acquisitions and Disposals |
- |
0.0 |
- |
0.0 |
0.0 |
|
Paid Up Equity |
- |
-0.3 |
- |
-0.2 |
-0.3 |
|
Management of Liquid Resources |
- |
-0.1 |
- |
0.1 |
-0.1 |
|
Net Cash Flow From Financing |
- |
-0.4 |
- |
-0.2 |
-0.2 |
|
Increase in Cash |
- |
-0.2 |
- |
-1.3 |
-0.6 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.637315 |
0.609199 |
0.638529 |
0.603191 |
0.504821 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
2.12 |
2.01 |
2.03 |
1.70 |
1.76 |
|
Liquidity Ratio |
0.67 |
0.84 |
0.74 |
0.55 |
0.82 |
|
Stock Turnover |
166.00 |
207.00 |
- |
183.00 |
- |
|
Credit Period (Days) |
9,957.00 |
11,801.00 |
- |
9,404.00 |
- |
|
Working Capital by Sales |
4,644.00% |
4,150.00% |
- |
3,322.00% |
- |
|
Trade Credit by Debtors |
36.00 |
40.00 |
- |
25.00 |
44.00 |
|
Return on Capital |
3,449.00% |
2,684.00% |
- |
1,587.00% |
4,110.00% |
|
Return on Assets |
1,955.00% |
1,491.00% |
- |
774.00% |
2,134.00% |
|
Profit Margin |
1,878.00% |
1,376.00% |
- |
720.00% |
- |
|
Return on Shareholders Funds |
3,737.00% |
3,094.00% |
- |
1,734.00% |
4,726.00% |
|
Borrowing Ratio |
5,521.00% |
5,799.00% |
- |
8,723.00% |
6,249.00% |
|
Equity Gearing |
5,232.00% |
4,819.00% |
4,592.00% |
4,467.00% |
4,517.00% |
|
Debt Gearing |
7.56% |
14.08% |
- |
6.88% |
12.43% |
|
Interest Coverage |
4,022.00 |
2,232.00 |
- |
708.00 |
1,336.00 |
|
Sales by Tangible Assets |
1,248.00 |
1,026.00 |
- |
822.00 |
- |
|
Average Remuneration per Employee |
0.0 |
0.1 |
- |
0.1 |
0.1 |
|
Profit per Employee |
0.1 |
0.1 |
- |
0.0 |
0.1 |
|
Sales per Employee |
0.5 |
0.5 |
- |
0.4 |
- |
|
Capital Employed per Employee |
0.3 |
0.2 |
- |
0.2 |
0.2 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
- |
0.1 |
0.1 |
|
Total Assets per Employee |
0.5 |
0.4 |
- |
0.4 |
0.4 |
|
Employee Remuneration by Sales |
1,028.00% |
1,314.00% |
- |
1,161.00% |
- |
|
Creditor Days (Cost of Sales Based) |
5,127.00 |
6,675.00 |
- |
3,092.00 |
- |
|
Creditor Days (Sales Based) |
3,583.00 |
4,713.00 |
- |
2,383.00 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.12 |
|
UK Pound |
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.