MIRA
INFORM REPORT
|
Report Date : |
28.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHARLES LETTS & CO LTD. |
|
|
|
|
Formerly Known As : |
Charles Letts
(Scotland) Ltd. |
|
|
|
|
Registered Office : |
16 Charlotte
Square, Edinburgh, EH2 4DF |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.01.2013 |
|
|
|
|
Date of Incorporation : |
08.11.1909 |
|
|
|
|
Com. Reg. No.: |
SC007315 |
|
|
|
|
Legal Form : |
Private
Subsidiary Company |
|
|
|
|
Line of Business : |
·
Publication
of diaries from origin to sale. Manufacturer of book publishing Subject also provides a selection of calendars and
stationery items such as pens, ruler sets and address book packs. |
|
|
|
|
No. of Employees : |
274 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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 – September 30th, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a
leading trading power and financial center, is the 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
Charles Letts & Co
Ltd.
16 Charlotte
Square
Edinburgh, EH2
4DF
United Kingdom
Tel: 01316631971
Fax: 01316603225
Web: www.letts.co.uk
Operating Address
Thornybank
Dalkeith
Midlothian
EH22 2NE
Scotland, United Kingdom
synthesis
Employees: 274
Company Type: Private
Subsidiary
Corporate Family: 34 Companies
Ultimate Parent: Flb Group Ltd.
Quoted Status: Non-quoted
Company
Incorporation
Date: 08-Nov-1909
Auditor: Ernst
& Young LLP
Financials in: USD (Millions)
Fiscal Year End: 31-Jan-2013
Reporting Currency: British
Pound Sterling
Annual Sales:
34.8 1
Net Income: (0.1)
Total Assets: 46.1
Business
Description
Founded in 1796, Charles Letts & Co Ltd. is one
of the leading suppliers of branded diaries in the United Kingdom. The company
offers products to record appointments, contacts, notes, plans and lists. It
also provides a selection of calendars and stationery items. The company offers
various accessories, such as pens, ruler sets and address book packs. It
provides a range of school, personal and business diaries in several sizes. The
company offers customer service, printing, bindery and fulfilment solutions. In
addition, it provides a variety of business gifts. The company offers corporate
branding solutions.
Industry
Industry Printing
ANZSIC 2006:
1612 - Printing Support Services
ISIC Rev 4:
1812 - Service activities related to printing
NACE Rev 2:
1814 - Binding and related services
NAICS 2012:
323120 - Support Activities for Printing
UK SIC 2007:
1814 - Binding and related services
US SIC 1987:
2789 - Bookbinding and Related Work
Key
Executives
|
Name |
Title |
|
Gordon Andrew Presley |
CEO |
|
Andrew Docherty |
Financial Director |
|
Charles Letts |
Sales & Marketing Director |
|
Alan Thomson |
Logistics & Customer Svcs Mgr |
|
Erwin Wheelaghan |
IT Manager |
Financial Summary
|
||||||||||||||||||||||
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6294872
2 - Balance Sheet
Item Exchange Rate: USD 1 = GBP 0.6332317
Corporate
Overview
Location
16 Charlotte
Square
Edinburgh, EH2
4DF
Edinburgh, City
of County
United Kingdom
Tel: 01316631971
Fax: 01316603225
Web: www.letts.co.uk
Sales GBP(mil): 21.9
Assets GBP(mil): 29.2
Employees: 274
Fiscal Year End: 31-Jan-2013
Industry: Printing and Publishing
Registered Address:
16 Charlotte
Square
Edinburgh, EH2
4DF
United Kingdom
Incorporation
Date: 08-Nov-1909
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Previous Name: Charles Letts (Scotland) Ltd.
Registered
No.(UK): SC007315
CEO: Gordon Andrew
Presley
Industry Codes
ANZSIC 2006
Codes:
1612 - Printing
Support Services
ISIC Rev 4 Codes:
1812 - Service
activities related to printing
NACE Rev 2 Codes:
1814 - Binding
and related services
NAICS 2012 Codes:
323120 - Support
Activities for Printing
US SIC 1987:
2789 - Bookbinding and Related Work
UK SIC 2007:
1814 - Binding and related services
Business Description
Founded in 1796,
Charles Letts & Co Ltd. is one of the leading suppliers of branded diaries
in the United Kingdom. The company offers products to record appointments,
contacts, notes, plans and lists. It also provides a selection of calendars and
stationery items. The company offers various accessories, such as pens, ruler
sets and address book packs. It provides a range of school, personal and
business diaries in several sizes. The company offers customer service,
printing, bindery and fulfilment solutions. In addition, it provides a variety
of business gifts. The company offers corporate branding solutions.
More Business Descriptions
·
Publication
of diaries from origin to sale.
Manufacturer of book publishing
|
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|
Corporate
Family |
Corporate
Structure News: |
|
|
Flb Group Ltd. |
|
Charles Letts & Co Ltd. |
|
|
|
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|
Company
Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Edinburgh |
United Kingdom |
Holding Companies |
74.8 |
466 |
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Residential Real Estate Leasing |
0.6 |
|
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
375 |
|
|
|
Subsidiary |
London |
United Kingdom |
Holding Companies |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
75 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Wholesale |
24.7 |
83 |
|
|
|
Subsidiary |
Schwalbach Am Taunus, Hessen |
Germany |
Miscellaneous Wholesale |
|
19 |
|
|
|
Subsidiary |
Bagno A Ripoli |
Italy |
Miscellaneous Wholesale |
2.6 |
8 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Paris |
France |
Miscellaneous Wholesale |
6.0 |
34 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
|
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Wholesale |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Birmingham |
United Kingdom |
Miscellaneous Professional Services |
|
5 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Publishing |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Publishing |
|
|
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Holding Companies |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Holding Companies |
1.3 |
4 |
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Printing |
34.8 |
274 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Printing |
1.0 |
4 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Edinburgh |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
Executive report
|
Board of
Directors |
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|||
|
CEO |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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||||||
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Executives |
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CEO |
Chief Executive Officer |
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||||||
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Group Personnel Manager |
Division Head Executive |
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Financial Director |
Finance Executive |
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Logistics & Customer Svcs Mgr |
Customer Service Executive |
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Sales & Marketing Director |
Sales Executive |
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IT Manager |
Engineering/Technical Executive |
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Directors
and Shareholders Report
|
Main Office Address: |
Tel: 01316631971 |
Annual Return Date: 07 Nov 2013 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
29 Sep 1962 |
38 Menteith View, |
10 Aug 2000 |
NA |
Current:32 |
|
|
|
Current |
07 Mar 1960 |
Flb
Group Limited Thornybank, |
10 Aug 2000 |
NA |
Current:32 |
|
|
|
Current |
26 Mar 1959 |
Excel House 30 Semple Street, |
08 Nov 2013 |
NA |
Current:3 |
|
|
|
Previous |
21 Mar 1945 |
12 Ainslie Place, |
01 Aug 1993 |
31 Jul 1995 |
Current:11 |
|
|
|
Previous |
17 Apr 1948 |
The Barn Main Street, Tibthorpe, |
21 Jun 1996 |
10 Aug 2000 |
Current:0 |
|
|
|
Previous |
30 Nov 1938 |
Freshfields Milford Road, Elstead, |
01 Feb 1989 |
NA |
Current:0 |
|
|
|
Previous |
18 Oct 1960 |
Huntly Lodge 14 Hansler Grove, |
01 Apr 1994 |
21 Jun 1996 |
Current:0 |
|
|
|
Previous |
20 May 1946 |
118 Comiston Drive, |
03 Aug 1992 |
21 Jun 1996 |
Current:0 |
|
|
|
Previous |
21 Jun 1957 |
11 Lord President Road, |
01 Sep 1992 |
21 Jun 1996 |
Current:0 |
|
|
|
Previous |
18 Jul 1950 |
Arden House, Weaverlake Drive, |
21 Jun 1996 |
03 Jul 2000 |
Current:0 |
|
|
|
Previous |
18 Apr 1943 |
105 Albion Street, Leeds, |
21 Jun 1996 |
10 Aug 2000 |
Current:1 |
|
|
|
Previous |
03 Jul 1935 |
17 Holland Park Avenue, |
04 Jan 1989 |
21 Sep 1995 |
Current:0 |
|
|
|
Previous |
15 Feb 1934 |
Hethpool, Kirknewton, |
04 Jan 1989 |
NA |
Current:0 |
|
|
|
Previous |
05 Mar 1939 |
3 Cedar Lane, Setauket, |
NA |
01 Aug 1993 |
Current:0 |
|
|
|
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||||||
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Corporate Directors |
|
|
|
There are no corporate directors for this company. |
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|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Previous |
17 Apr 1948 |
The Barn Main Street, Tibthorpe, |
21 Jun 1996 |
10 Aug 2000 |
Current:0 |
|
|
|
Previous |
30 Nov 1938 |
Freshfields Milford Road, Elstead, |
08 Mar 1989 |
NA |
Current:0 |
|
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|
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Corporate Secretaries |
||||
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|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Dm Company Services Limited |
Current |
16 Charlotte Square, |
10 Aug 2000 |
NA |
|
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||||
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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 |
|
00386906 |
784000 Ordinary GBP 1.00 |
Ordinary |
784,000 |
1.00 |
784,000.00 |
100.00 |
|
|
|
|||||||
Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Jan-2013 |
31-Jan-2012 |
31-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.629487 |
0.624696 |
0.648787 |
0.635292 |
0.558389 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
25.6 |
- |
24.9 |
25.1 |
30.3 |
|
Turnover (Exports) |
9.2 |
- |
10.4 |
11.3 |
14.0 |
|
Total Turnover |
34.8 |
37.4 |
35.3 |
36.4 |
44.3 |
|
Total Expenses |
34.7 |
36.4 |
33.9 |
35.0 |
40.7 |
|
Depreciation |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
|
Operating Profit |
- |
- |
1.4 |
- |
3.6 |
|
Other Income |
0.2 |
0.7 |
0.0 |
0.4 |
0.0 |
|
Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Exceptional Income |
-0.3 |
0.0 |
0.0 |
-0.2 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Profit Before Taxes |
-0.1 |
1.7 |
1.4 |
1.5 |
3.5 |
|
Tax Payable / Credit |
0.0 |
0.4 |
0.4 |
0.5 |
1.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
3.1 |
0.0 |
0.0 |
|
Profit After Taxes |
-0.1 |
1.2 |
-2.1 |
1.1 |
2.5 |
|
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 |
274 |
281 |
284 |
304 |
334 |
|
Wages |
11.9 |
12.1 |
11.5 |
12.3 |
14.3 |
|
Social Security Costs |
1.1 |
1.2 |
1.1 |
1.2 |
1.4 |
|
Pensions |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Other Pension Costs |
0.5 |
0.5 |
0.5 |
0.5 |
0.6 |
|
Employees Remuneration |
13.5 |
13.7 |
13.2 |
14.0 |
16.2 |
|
Directors Emoluments |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Other Costs |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Directors Remuneration |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Highest Paid Director |
0.0 |
0.0 |
- |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Jan-2013 |
31-Jan-2012 |
31-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.633232 |
0.637517 |
0.624317 |
0.624064 |
0.717437 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Plant & Vehicles |
2.9 |
3.3 |
3.6 |
4.0 |
3.3 |
|
Total Tangible Fixed Assets |
2.9 |
3.4 |
3.6 |
4.1 |
3.3 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
9.5 |
9.4 |
9.6 |
9.6 |
8.4 |
|
Total Fixed Assets |
12.4 |
12.8 |
13.2 |
13.7 |
11.7 |
|
Stocks |
2.3 |
2.7 |
2.7 |
2.4 |
1.9 |
|
Work in Progress |
2.5 |
1.8 |
1.6 |
1.5 |
1.2 |
|
Total Stocks Work In Progress |
4.8 |
4.5 |
4.3 |
3.9 |
3.1 |
|
Trade Debtors |
3.0 |
2.7 |
4.6 |
3.9 |
3.7 |
|
Inter-Company Debtors |
25.3 |
42.0 |
35.8 |
32.5 |
27.7 |
|
Other Debtors |
0.5 |
0.5 |
0.5 |
0.6 |
0.5 |
|
Total Debtors |
28.9 |
45.2 |
40.9 |
37.0 |
31.9 |
|
Cash and Equivalents |
0.0 |
0.9 |
2.4 |
4.2 |
0.9 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
33.7 |
50.6 |
47.6 |
45.2 |
35.9 |
|
Total Assets |
46.1 |
63.4 |
60.8 |
58.9 |
47.6 |
|
Trade Creditors |
3.7 |
5.3 |
3.5 |
2.7 |
4.0 |
|
Bank Overdraft |
0.1 |
- |
0.0 |
0.1 |
- |
|
Social Security/VAT |
1.1 |
1.3 |
1.0 |
0.9 |
0.9 |
|
Corporation Tax |
0.0 |
0.2 |
0.1 |
0.0 |
- |
|
Other Current Liabilities |
2.0 |
1.4 |
1.5 |
1.7 |
1.7 |
|
Total Current Liabilities |
7.0 |
8.2 |
6.0 |
5.5 |
6.6 |
|
Group Loans (Long Term Liability) |
27.1 |
43.5 |
43.9 |
40.5 |
30.8 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
27.1 |
43.5 |
43.9 |
40.5 |
30.8 |
|
Deferred Taxation |
0.1 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Other Provisions |
0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.3 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Issued Capital |
1.2 |
1.2 |
1.3 |
1.3 |
1.1 |
|
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 |
9.9 |
9.9 |
8.9 |
11.0 |
8.6 |
|
Other Reserves |
0.5 |
0.5 |
0.5 |
0.4 |
0.3 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
11.6 |
11.6 |
10.6 |
12.7 |
10.0 |
|
Net Worth |
11.6 |
11.6 |
10.6 |
12.7 |
10.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Jan-2013 |
31-Jan-2012 |
31-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.629487 |
0.624696 |
0.648787 |
0.635292 |
0.558389 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD (mil)
|
|
31-Jan-2013 |
31-Jan-2012 |
31-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.633232 |
0.637517 |
0.624317 |
0.624064 |
0.717437 |
|
Consolidated |
No |
No |
No |
No |
No |
|
Current Ratio |
4.80 |
6.21 |
7.88 |
8.23 |
5.42 |
|
Liquidity Ratio |
4.11 |
5.65 |
7.17 |
7.52 |
4.95 |
|
Stock Turnover |
722.00 |
806.00 |
856.00 |
941.00 |
1,106.00 |
|
Credit Period (Days) |
3,200.00 |
2,638.00 |
4,574.00 |
3,888.00 |
3,962.00 |
|
Working Capital by Sales |
7,705.00% |
11,583.00% |
11,315.00% |
10,715.00% |
8,501.00% |
|
Trade Credit by Debtors |
122.00 |
200.00 |
75.00 |
68.00 |
108.00 |
|
Return on Capital |
-30.00% |
296.00% |
269.00% |
292.00% |
659.00% |
|
Return on Assets |
-25.00% |
258.00% |
243.00% |
265.00% |
567.00% |
|
Profit Margin |
-33.00% |
446.00% |
402.00% |
421.00% |
784.00% |
|
Return on Shareholders Funds |
-99.00% |
1,405.00% |
1,389.00% |
1,232.00% |
2,704.00% |
|
Borrowing Ratio |
23,466.00% |
37,365.00% |
41,360.00% |
32,101.00% |
30,774.00% |
|
Equity Gearing |
2,527.00% |
1,834.00% |
1,747.00% |
2,149.00% |
2,098.00% |
|
Debt Gearing |
233.47% |
373.65% |
413.60% |
319.83% |
307.74% |
|
Interest Coverage |
-332.00 |
3,473.00 |
4,847.00 |
3,742.00 |
3,957.00 |
|
Sales by Tangible Assets |
1,196.00 |
1,088.00 |
1,011.00 |
907.00 |
1,035.00 |
|
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 |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Capital Employed per Employee |
0.1 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Employee Remuneration by Sales |
3,870.00% |
3,666.00% |
3,725.00% |
3,847.00% |
3,660.00% |
|
Creditor Days (Cost of Sales Based) |
3,898.00 |
5,264.00 |
3,444.00 |
2,653.00 |
4,285.00 |
|
Creditor Days (Sales Based) |
3,898.00 |
5,264.00 |
3,444.00 |
2,653.00 |
4,285.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
UK Pound |
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
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.