MIRA
INFORM REPORT
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Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
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Name : |
RADLEY + CO. LTD. |
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Formerly Known as: |
The Tula Group Of Companies Ltd. |
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Registered Office : |
Greater London House, Hampstead Road, London, NW1 7QX |
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Country : |
United Kingdom |
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Financials (as on) : |
30.04.2012 |
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Date of Incorporation : |
15.01.1991 |
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Com. Reg. No.: |
02573819 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
· Engaged in manufacturing and selling of Handbags and Leather Accessories. ·
Subject provides a variety of umbrellas,
scarves and sunglasses. |
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No. of Employees : |
166 |
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 |
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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 – September 30th, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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 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.
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Source
: CIA |
Company Name and Address
Radley + Co. Ltd.
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Business Description
Radley + Co. Ltd. manufactures and sells handbags and leather accessories. The company provides a variety of umbrellas, scarves and sunglasses. It offers a range of totes and shoulder bags. The company provides products under the Radley, Tula and Hidesign brands. It offers wallets that feature spaces for notes, cards and coins. The company also provides business and travel accessories. It provides products in several colours, designs, materials, shapes and sizes. The company maintains a workshop and on-site foundries. It sells products through a countrywide network of stockists. In addition, the company offers purses and workbags.
Industry
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Industry |
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ANZSIC 2006: |
6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Xavier Simonet |
Chief Executive
Officer |
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Gregory Pratt |
Finance Director |
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Lorraine Pringle |
Head of Marketing |
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Francis Rodrigues |
Head of IT |
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Paul Donoghue |
Commercial
Director - Retail, Wholesale, International & Merchandising |
News
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Title |
Date |
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Savvy shopper |
18-Nov-2013 |
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FUR PLAY |
18-Nov-2013 |
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PART ONE Christmas Gift Guide |
17-Nov-2013 |
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Shades of automn |
15-Nov-2013 |
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Shades of automn ; Be inspired by
the changing colours of the falling leaves with hues of russet, red and
orange, suggests |
15-Nov-2013 |
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SHADES OF AUTUMN |
13-Nov-2013 |
Financial Summary
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FYE: 30-Apr-2012 |
USD (mil) |
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Registered No.(UK): 02573819
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.627861
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6148738
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Radley + Co. Ltd. manufactures and sells handbags and leather accessories. The company provides a variety of umbrellas, scarves and sunglasses. It offers a range of totes and shoulder bags. The company provides products under the Radley, Tula and Hidesign brands. It offers wallets that feature spaces for notes, cards and coins. The company also provides business and travel accessories. It provides products in several colours, designs, materials, shapes and sizes. The company maintains a workshop and on-site foundries. It sells products through a countrywide network of stockists. In addition, the company offers purses and workbags.
More Business Descriptions
Radley + Co. Ltd. is a supplier of leather products to various customers in the United Kingdom. It offers a large collection of leather handbags in various colours, such as black, brown, cherry, white, tan, red, blue, camel and grey. The company’s products are available in a wide range of styles and finishes, including fold up ends, belt straps, studs and turn locks, frame pockets, draw string pockets and hoop tabs. It also supplies products in inlay locks, dog clip, zip pull, bamboo rings and d-handle. In addition, its bags feature phone pocket, zip tops, corner zip pockets, straps and tabs, buckle front and punched holes. The company also offers accessories, such as heart coin purse gift sets, luggage tags, key ring and photo key ring sets. Radley + Co. Ltd. additionally provides repair, replacement and advisory services to its customers.
Design, manufacture and retail of handbags, purses, luggage and accessories.
Luggage and Handbag Retailers
This conversion is an estimate and you will be billed in GBP when your order is placed... Radley London Official Online Store | Shop online for stylish handbags, purses & accessories made from luxurious leather with high quality detailing.
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Corporate
Structure News
Total
Corporate Family Members: 12
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Exponent(Trully)Spv1
Ltd |
Parent |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
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Subsidiary |
London |
United Kingdom |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
65.7 |
166 |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
62.7 |
361 |
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Subsidiary |
Bridgend |
United Kingdom |
Clothing and
Apparel Wholesale |
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75 |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
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Subsidiary |
London |
United Kingdom |
Miscellaneous
Professional Services |
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ExecutiveS Report
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Directors and Shareholders Report
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Main Office Address: |
Tel: 02077567800 |
Annual Return Date: 09
Jan 2013 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
30 Jun 1969 |
Greater London House Mornington Crescent, Hampstead Road, |
22 Apr 2013 |
NA |
Current:1 |
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Current |
15 Apr 1947 |
Greater London House Mornington Crescent, Hampstead Road, |
22 Apr 2013 |
NA |
Current:1 |
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Current |
17 Mar 1952 |
7 Enterprise Way Aviation Park, Bournemouth International, |
23 Jan 2012 |
NA |
Current:15 |
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Current |
28 Aug 1976 |
Vineyard House 44 Brook Green, Hammersmith, |
22 Apr 2013 |
NA |
Current:4 |
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Current |
20 Feb 1960 |
1 Highbury Road, |
22 Apr 2013 |
NA |
Current:11 |
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Current |
23 Oct 1971 |
Greater London House Hampstead Road, |
22 Apr 2013 |
NA |
Current:11 |
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Current |
11 Apr 1952 |
Greater London House Hampstead Road, |
23 Jan 2012 |
NA |
Current:13 |
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Previous |
13 Nov 1972 |
Greater London House Mornington Crescent, |
22 Apr 2013 |
20 Sep 2013 |
Current:1 |
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Previous |
15 Apr 1947 |
101 Englefield Road, |
02 Nov 1999 |
14 Dec 2009 |
Current:1 |
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Previous |
03 Mar 1948 |
Dunworth House, Donhead St Mary, |
01 Jan 1993 |
25 Feb 2006 |
Current:4 |
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Previous |
16 Oct 1949 |
38 Pattison Road, |
15 Jan 1991 |
25 Feb 2006 |
Current:2 |
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Previous |
16 Apr 1950 |
Alderstead Farmhouse, Alderstead Lane, |
15 Jan 1991 |
01 Aug 2000 |
Current:0 |
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Previous |
05 May 1962 |
22 Harvey Road, Croxley Green, |
20 May 1998 |
30 Nov 2006 |
Current:0 |
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Previous |
28 Jan 1963 |
Greater London House, Mornington Crescent, |
04 May 2009 |
30 Jan 2012 |
Current:0 |
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Previous |
30 Sep 1965 |
Greater London House, Mornington Crescent, |
09 May 2006 |
02 Mar 2012 |
Current:5 |
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Previous |
17 Mar 1952 |
7 Enterprise Way Aviation Park, Bournemouth International, |
26 Jul 2006 |
08 May 2009 |
Current:15 |
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Previous |
03 Sep 1956 |
57 Selborne Road, |
01 Mar 2001 |
06 Jun 2006 |
Current:0 |
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Previous |
10 May 1937 |
10 Chalcot Crescent, |
02 Nov 1999 |
21 Feb 2003 |
Current:1 |
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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 |
Greater London House Mornington Crescent, Hampstead Road, |
02 Mar 2012 |
NA |
Current:1 |
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Previous |
16 Apr 1950 |
Alderstead Farmhouse, Alderstead Lane, |
15 Jan 1991 |
01 Aug 2000 |
Current:0 |
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Previous |
05 May 1962 |
22 Harvey Road, Croxley Green, |
01 Aug 2000 |
20 Jul 2006 |
Current:0 |
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Previous |
30 Sep 1965 |
Greater London House, Mornington Crescent, |
20 Jul 2006 |
02 Mar 2012 |
Current:5 |
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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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There are no individual shareholders for this company. |
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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 |
|
04433635 |
67550 Ordinary GBP 1.00 |
Ordinary |
67,550 |
1.00 |
67,550.00 |
100.00 |
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Annual Profit & Loss
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Financials in: USD (mil) |
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|
Except for share items (millions) and per share items (actual units) |
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|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.627861 |
0.640008 |
0.625491 |
0.607152 |
0.498433 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
55.4 |
66.0 |
71.3 |
77.1 |
95.6 |
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Turnover (Exports) |
10.3 |
4.4 |
4.8 |
4.1 |
2.4 |
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Total Turnover |
65.7 |
70.4 |
76.1 |
81.2 |
98.0 |
|
Cost of Sales |
43.6 |
44.8 |
44.7 |
46.9 |
52.5 |
|
Gross Profit |
22.1 |
25.6 |
31.4 |
34.3 |
45.5 |
|
Depreciation |
0.6 |
1.8 |
0.8 |
0.7 |
0.7 |
|
Other Expenses |
22.9 |
20.7 |
25.6 |
26.5 |
33.9 |
|
Operating Profit |
-0.8 |
4.9 |
- |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.1 |
0.2 |
1.6 |
|
Interest Paid |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Exceptional Income |
-0.3 |
0.0 |
-0.7 |
-0.6 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
-1.2 |
4.9 |
5.1 |
7.3 |
13.2 |
|
Tax Payable / Credit |
-0.2 |
1.4 |
1.5 |
2.1 |
4.0 |
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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 |
-1.0 |
3.4 |
3.6 |
5.2 |
9.2 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Number of Employees |
166 |
178 |
155 |
150 |
132 |
|
Wages |
9.4 |
9.1 |
8.5 |
8.5 |
11.0 |
|
Social Security Costs |
1.0 |
0.9 |
0.8 |
0.8 |
1.1 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Pension Costs |
0.2 |
0.2 |
0.3 |
0.2 |
0.3 |
|
Employees Remuneration |
10.5 |
10.2 |
9.6 |
9.6 |
12.4 |
|
Directors Emoluments |
0.7 |
0.7 |
1.1 |
1.1 |
1.5 |
|
Other Costs |
0.4 |
0.0 |
0.3 |
0.0 |
0.0 |
|
Directors Remuneration |
1.1 |
0.7 |
1.5 |
1.1 |
1.6 |
|
Highest Paid Director |
0.3 |
- |
0.5 |
0.3 |
0.6 |
Annual
Balance Sheet
|
Financials in: USD (mil) |
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.614874 |
0.599538 |
0.653317 |
0.674855 |
0.50491 |
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Consolidated |
No |
No |
No |
No |
No |
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|
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|
Land & Buildings |
0.8 |
1.1 |
1.2 |
1.1 |
1.0 |
|
Fixtures & Fittings |
0.5 |
0.7 |
0.9 |
1.0 |
1.3 |
|
Plant & Vehicles |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Total Tangible Fixed Assets |
1.4 |
1.9 |
2.2 |
2.2 |
2.5 |
|
Intangible Assets |
0.3 |
0.3 |
0.3 |
0.2 |
0.3 |
|
Investments |
0.5 |
0.5 |
0.5 |
0.4 |
0.6 |
|
Total Fixed Assets |
2.2 |
2.7 |
2.9 |
2.9 |
3.4 |
|
Stocks |
10.6 |
14.9 |
10.2 |
14.7 |
20.8 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
10.6 |
14.9 |
10.2 |
14.7 |
20.8 |
|
Trade Debtors |
3.5 |
6.3 |
6.7 |
6.7 |
9.2 |
|
Inter-Company Debtors |
111.2 |
98.0 |
78.5 |
65.6 |
68.7 |
|
Other Debtors |
3.1 |
15.8 |
2.3 |
1.8 |
3.8 |
|
Total Debtors |
117.8 |
120.1 |
87.5 |
74.1 |
81.7 |
|
Cash and Equivalents |
8.1 |
7.9 |
16.2 |
7.9 |
8.8 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
136.5 |
142.9 |
113.9 |
96.6 |
111.4 |
|
Total Assets |
138.7 |
145.6 |
116.9 |
99.5 |
114.7 |
|
Trade Creditors |
2.0 |
4.1 |
1.7 |
1.6 |
2.1 |
|
Bank Overdraft |
0.6 |
0.6 |
- |
- |
- |
|
Inter-Company Creditors |
90.7 |
92.8 |
78.7 |
64.8 |
81.8 |
|
Accruals/Deferred Income (Current Liability) |
5.4 |
5.0 |
4.0 |
5.4 |
8.5 |
|
Social Security/VAT |
- |
- |
- |
0.0 |
0.3 |
|
Corporation Tax |
0.0 |
8.6 |
- |
- |
0.0 |
|
Other Current Liabilities |
8.8 |
1.1 |
6.9 |
6.2 |
1.3 |
|
Total Current Liabilities |
107.6 |
112.3 |
91.2 |
78.1 |
94.0 |
|
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 |
1.2 |
1.9 |
- |
- |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
- |
- |
- |
- |
0.0 |
|
Other Long Term Liabilities |
1.4 |
1.3 |
1.3 |
1.3 |
0.0 |
|
Total Long Term Liabilities |
2.7 |
3.2 |
1.3 |
1.3 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Share Premium Accounts |
0.3 |
0.3 |
0.2 |
0.2 |
0.3 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
28.0 |
29.8 |
23.9 |
19.8 |
20.2 |
|
Other Reserves |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
28.4 |
30.2 |
24.3 |
20.2 |
20.7 |
|
Net Worth |
28.2 |
29.9 |
24.0 |
20.0 |
20.5 |
Annual
Cash Flows
|
Financials in: USD (mil) |
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.627861 |
0.640008 |
0.625491 |
0.607152 |
0.498433 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
|
Financials in: USD (mil) |
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.614874 |
0.599538 |
0.653317 |
0.674855 |
0.50491 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.27 |
1.27 |
1.25 |
1.24 |
1.18 |
|
Liquidity Ratio |
1.17 |
1.14 |
1.14 |
1.05 |
0.96 |
|
Stock Turnover |
631.00 |
504.00 |
712.00 |
499.00 |
465.00 |
|
Credit Period (Days) |
1,885.00 |
3,074.00 |
3,377.00 |
3,359.00 |
3,484.00 |
|
Working Capital by Sales |
4,312.00% |
4,077.00% |
3,121.00% |
2,540.00% |
1,794.00% |
|
Trade Credit by Debtors |
59.00 |
65.00 |
25.00 |
25.00 |
22.00 |
|
Return on Capital |
-386.00% |
1,553.00% |
1,906.00% |
3,077.00% |
6,298.00% |
|
Return on Assets |
-86.00% |
356.00% |
419.00% |
664.00% |
1,138.00% |
|
Profit Margin |
-179.00% |
689.00% |
672.00% |
904.00% |
1,350.00% |
|
Return on Shareholders Funds |
-422.00% |
1,716.00% |
2,010.00% |
3,269.00% |
6,298.00% |
|
Borrowing Ratio |
32,864.00% |
31,898.00% |
32,729.00% |
32,456.00% |
39,913.00% |
|
Equity Gearing |
2,051.00% |
2,073.00% |
2,082.00% |
2,030.00% |
1,807.00% |
|
Debt Gearing |
4.33% |
6.28% |
- |
- |
- |
|
Interest Coverage |
-1,562.00 |
5,286.00 |
12,455.00 |
31,272.00 |
12,391.00 |
|
Sales by Tangible Assets |
4,750.00 |
3,890.00 |
3,316.00 |
3,267.00 |
3,810.00 |
|
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 |
0.1 |
|
Sales per Employee |
0.4 |
0.4 |
0.5 |
0.5 |
0.7 |
|
Capital Employed per Employee |
0.2 |
0.2 |
0.2 |
0.1 |
0.2 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.8 |
0.8 |
0.8 |
0.7 |
0.9 |
|
Employee Remuneration by Sales |
1,600.00% |
1,449.00% |
1,265.00% |
1,181.00% |
1,261.00% |
|
Creditor Days (Cost of Sales Based) |
1,675.00 |
3,159.00 |
1,409.00 |
1,425.00 |
1,453.00 |
|
Creditor Days (Sales Based) |
1,113.00 |
2,009.00 |
828.00 |
824.00 |
778.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.87 |
|
UK Pound |
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.84.65 |
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.