|
Report Date : |
28.12.2013 |
IDENTIFICATION DETAILS
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Name : |
TOWN WND (LEEDS) PLC |
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Registered Office : |
Silver Court Intercity Way Stanningley Leeds, LS13 4LY |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
10.12.1934 |
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Com. Reg. No.: |
0029490 |
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Legal Form : |
Public Independent |
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Line of Business : |
Subject supplies dyes and colours to various industries |
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No. of Employees : |
22 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 : |
Small company |
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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
TOWN END (LEEDS) PLC
|
Unit 17-18 |
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Silver Court |
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Intercity Way |
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Leeds, LS13 4LY |
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United Kingdom |
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Tel: |
01132564251 |
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Fax: |
01132393315 |
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Employees: |
22 |
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Company Type: |
Public Independent |
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Quoted Status: |
Non-quoted Company |
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Incorporation
Date: |
10-Dec-1934 |
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Auditor: |
Baker Tilly UK Audit LLP |
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Financials in: |
USD (mil) |
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Fiscal Year End: |
31-Mar-2012 |
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Reporting
Currency: |
British Pound Sterling |
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Annual Sales: |
6.4 1 |
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Net Income: |
0.1 |
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Total Assets: |
2.4 |
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Town End (Leeds) PLC supplies dyes and colours to various industries
throughout the United Kingdom. The company offers a wide range of products,
including acid dyes for wool, nylon, fleece, direct dyes for cotton, leather
and suede. It also provides dyes for paper, solvent dyes and dyeing
chemicals. In addition, the company offers food colours, such as bright
synthetic insoluble lake pigments and dust free synthetic water soluble
pigments. It also supplies optical brightening agents for wool, acrylic and
polyester. The company’s products have a wide range of non-textile
applications, such as detergents, inks, tracer dyes and staining. |
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Industry |
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ANZSIC 2006: |
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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: |
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||||||||||||||||||||
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP
0.6267523
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6281078
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Town End (Leeds) PLC supplies dyes and colours to various industries
throughout the United Kingdom. The company offers a wide range of products,
including acid dyes for wool, nylon, fleece, direct dyes for cotton, leather
and suede. It also provides dyes for paper, solvent dyes and dyeing chemicals.
In addition, the company offers food colours, such as bright synthetic
insoluble lake pigments and dust free synthetic water soluble pigments. It also
supplies optical brightening agents for wool, acrylic and polyester. The
company’s products have a wide range of non-textile applications, such as
detergents, inks, tracer dyes and staining.
More Business Descriptions
|
Finishers of textiles |
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Dye Manufacturers |
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Industrial Dyes and Pigments UK Town End (Leeds) plc combines a wealth
of experience and technology from its modern facility near Leeds to supply an
extensive range of high quality dyes and pigments to over 80 countries. Town
End (Leeds) plc continues to invest heavily in plant, laboratory and its personnel
to ensure that it is at the cutting edge in this highly competitive field of
specialisation. Town End (Leeds) plc's extensive range of dyestuffs also find
themselves into many non-textile applications such as detergents, inks,
tracer dyes and staining products. If any dyestuffs or chemicals that are
required do not appear on this site, please do not hesitate to contact us to
discuss your specific and individual requirements. Town End (Leeds) plc offer
a specialist formulation and blending service to customers needs and
specifications. Our vast knowledge of colour and colouration in many fields
allows us to tailor our products to your needs. Supplying the complete
spectrum of high quality colours |
Financial
Data
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Key Corporate Relationships
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Annual Return Date: 08 Nov 2012 |
Individual Directors
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|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
16 Feb 1951 |
Ivy Cottage, Church Street, |
14 Nov 1991 |
NA |
Current:1 |
|
|
|
Current |
25 Jun 1952 |
5 Harewood Avenue, |
14 Nov 1991 |
NA |
Current:1 |
|
|
|
Current |
22 Mar 1953 |
5 The Avenue, Harewood, |
12 Oct 1993 |
NA |
Current:1 |
|
|
|
Current |
12 Sep 1948 |
1 Fennec Road, Baildon Shipley, |
01 Dec 2001 |
NA |
Current:1 |
|
|
|
Previous |
04 Aug 1941 |
8 Syddal Crescent, |
12 Oct 1993 |
31 Jul 1995 |
Current:0 |
|
|
|
Previous |
23 Aug 1930 |
11 Fairfax Road, Menston, |
14 Nov 1991 |
04 Apr 1996 |
Current:0 |
|
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|
Previous |
27 Feb 1936 |
16 Kilmardinny Gate, Bearsden, |
14 Nov 1991 |
16 Mar 2001 |
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 |
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
16 Apr 1963 |
12 Beech Road, |
01 Aug 1995 |
NA |
Current:1 |
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|
|
Previous |
NA |
45 Bell Mount View, Bramley, |
14 Nov 1991 |
31 Jul 1995 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
5.0 |
4.3 |
3.7 |
4.5 |
5.2 |
|
Turnover (Exports) |
1.4 |
1.6 |
1.2 |
1.0 |
1.9 |
|
Total Turnover |
6.4 |
5.9 |
4.9 |
5.5 |
7.1 |
|
Cost of Sales |
- |
- |
0.0 |
- |
- |
|
Total Expenses |
6.2 |
5.8 |
- |
5.5 |
7.0 |
|
Gross Profit |
- |
- |
4.9 |
- |
- |
|
Depreciation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Expenses |
- |
- |
4.8 |
- |
- |
|
Operating Profit |
- |
- |
0.0 |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
0.2 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
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 |
22 |
21 |
21 |
21 |
21 |
|
Wages |
1.3 |
1.2 |
1.1 |
1.1 |
1.4 |
|
Social Security Costs |
0.2 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Pensions |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Employees Remuneration |
1.5 |
1.4 |
1.2 |
1.3 |
1.6 |
|
Directors Emoluments |
0.5 |
- |
- |
0.4 |
0.6 |
|
Other Costs |
0.0 |
- |
0.4 |
0.0 |
0.0 |
|
Directors Remuneration |
0.5 |
0.5 |
0.4 |
0.4 |
0.6 |
|
Highest Paid Director |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
|
|
Annual Balance Sheet |
|
Financials in:
USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
|
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 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.3 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Total Tangible Fixed Assets |
0.3 |
0.2 |
0.2 |
0.2 |
0.3 |
|
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 |
0.3 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Stocks |
1.1 |
1.1 |
1.0 |
0.8 |
1.1 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
1.1 |
1.1 |
1.0 |
0.8 |
1.1 |
|
Trade Debtors |
0.9 |
1.0 |
0.9 |
0.7 |
1.2 |
|
Other Debtors |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Debtors |
1.0 |
1.1 |
0.9 |
0.8 |
1.3 |
|
Cash and Equivalents |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
2.1 |
2.2 |
1.9 |
1.6 |
2.4 |
|
Total Assets |
2.4 |
2.4 |
2.1 |
1.8 |
2.7 |
|
Trade Creditors |
0.6 |
0.6 |
0.5 |
0.3 |
0.4 |
|
Bank Overdraft |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Short Term Loans |
- |
0.1 |
- |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Social Security/VAT |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Corporation Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.1 |
0.0 |
0.1 |
0.2 |
0.4 |
|
Total Current Liabilities |
1.0 |
1.1 |
1.0 |
0.8 |
1.2 |
|
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 |
0.0 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
1.3 |
1.2 |
1.1 |
1.0 |
1.4 |
|
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 |
1.4 |
1.3 |
1.1 |
1.0 |
1.5 |
|
Net Worth |
1.4 |
1.3 |
1.1 |
1.0 |
1.5 |
Financials in: USD
(mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.3 |
0.2 |
0.2 |
0.2 |
0.0 |
|
Net Cash Flow from ROI and Servicing of Finance |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
-0.2 |
-0.1 |
0.0 |
-0.1 |
-0.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
0.1 |
0.0 |
0.1 |
0.1 |
-0.1 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
2.12 |
1.97 |
2.01 |
2.14 |
2.03 |
|
Liquidity Ratio |
1.02 |
0.99 |
0.99 |
1.04 |
1.10 |
|
Stock Turnover |
5.83 |
5.64 |
4.68 |
5.60 |
6.28 |
|
Credit Period (Days) |
52.24 |
59.66 |
68.10 |
56.39 |
63.60 |
|
Working Capital by Sales |
17.52% |
17.57% |
21.10% |
18.45% |
17.56% |
|
Trade Credit by Debtors |
0.69 |
0.64 |
0.60 |
0.37 |
0.34 |
|
Return on Capital |
11.50% |
8.06% |
3.31% |
-2.28% |
7.35% |
|
Return on Assets |
6.75% |
4.34% |
1.79% |
-1.33% |
4.08% |
|
Profit Margin |
2.55% |
1.70% |
0.81% |
-0.52% |
1.57% |
|
Return on Shareholders Funds |
11.71% |
8.10% |
3.33% |
-2.30% |
7.43% |
|
Borrowing Ratio |
0.23% |
13.50% |
10.19% |
9.63% |
6.33% |
|
Equity Gearing |
57.65% |
53.56% |
53.97% |
57.71% |
54.98% |
|
Interest Coverage |
61.68 |
23.90 |
7.27 |
-1.16 |
4.22 |
|
Sales by Tangible Assets |
21.33 |
28.58 |
28.62 |
24.14 |
26.37 |
|
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 |
0.0 |
|
Sales per Employee |
0.3 |
0.3 |
0.2 |
0.2 |
0.3 |
|
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 |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
22.72% |
23.65% |
25.73% |
24.20% |
23.33% |
|
Creditor Days (Cost of Sales Based) |
36.29 |
38.12 |
- |
20.72 |
21.94 |
|
Creditor Days (Sales Based) |
36.29 |
38.12 |
40.71 |
20.72 |
21.94 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.