MIRA INFORM REPORT

 

 

Report Date :

30.12.2013

 

IDENTIFICATION DETAILS

 

Name :

SEALSKINZ LTD.

 

 

Registered Office :

36 Oldmedow Road Kings Lynn, PE30 4PP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2012

 

 

Date of Incorporation :

08.10.2003

 

 

Com. Reg. No.:

04925632

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Design, manufacture and supply of waterproof and breathable clothing, mainlystocks, gloves and hatsto retailers and other institutions

 

 

No. of Employees :

56

 

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

 

Maximum Credit Limits :

USD 1,55,000

Status :

Satisfactory

Payment Behaviour :

No complaints

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

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 and address

 

SEALSKINZ LTD.

 

36 Oldmedow Road

 

 

Kings Lynn, PE30 4PP

United Kingdom

(Trading Address)

 

 

Tel:

01553817990

Fax:

01553772662

 

 

 

Employees:

56

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Sealskinz Holdings Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

08-Oct-2003

Auditor:

Grant Thornton UK LLP

 

 

Fiscal Year End:

30-Jun-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

11.0  1

Net Income:

0.8

Total Assets:

6.4

 

 

 

Business Description     

 

 

Design, manufacture and supply of waterproof and breathable clothing, mainlystocks, gloves and hatsto retailers and other institutions.

   

Industry

 

 

Industry

Clothing and Apparel Manufacturing

ANZSIC 2006:

1351 - Clothing Manufacturing

ISIC Rev 4:

1410 - Manufacture of wearing apparel, except fur apparel

NACE Rev 2:

1419 - Manufacture of other wearing apparel and accessories n.e.c.

NAICS 2012:

315990 - Apparel Accessories and Other Apparel Manufacturing

UK SIC 2007:

1419 - Manufacture of other wearing apparel and accessories n.e.c.

US SIC 1987:

2389 - Apparel and Accessories, Not Elsewhere Classified

                         

Key Executives   

             

 

Name

Title

Andy May

Finance & IT Manager

Alistair Jack Tait

Director, Secretary

Justin Peter Renwick Adams

Director

David Timothy Jesson

Director

Stephen Nicholas Riley

Director

          

 

News   

 

 

Title

Date

London's best Cycling gloves
Evening Standard (London, UK) (194 Words)

21-Nov-2013

SealSkinz Handlebar Mittens review
Bike Radar (211 Words)

16-Nov-2013

BikeRadar Battle: Waterproof gloves
Bike Radar (223 Words)

8-Nov-2013

SealSkinz Ultra Grip Hi Vis gloves review
Bike Radar (241 Words)

7-Nov-2013

Independent Magazine: SealSkinz Waterproof Winter Cycle Gloves, £40
Independent (UK) (30 Words)

26-Oct-2013

Case study: SealSkinz strategically increases online sales
Bitpipe (126 Words)

18-Oct-2013

                                                       

Financial Summary

   

 

FYE: 30-Jun-2012

USD (mil)

Key Figures

 

Current Assets

6.01

Fixed Assets

0.35

Total Liabilities

3.20

Net Worth

3.06

 

Key Ratios

 

Current Ratio

1.88

Acid Test

0.62

Debt Gearing

1.16

 

 

Registered No.(UK): 04925632

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6313531


2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6452901

 

Corporate Overview

 

Location
36 Oldmedow Road
Kings Lynn, PE30 4PP
Norfolk County
United Kingdom

 

Tel:

01553817990

Fax:

01553772662

 

www.sealskinz.com

Sales GBP(mil):

6.9

Assets GBP(mil):

4.1

Employees:

56

Fiscal Year End:

30-Jun-2012

 

Industry:

Apparel and Accessories

Registered Address:
36 Oldmedow Road
Hardwick Industrial Estate Kin
Kings Lynn, PE30 4PP
United Kingdom

 

Incorporation Date:

08-Oct-2003

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Previous Name:

Pil Membranes Ltd.

Registered No.(UK):

04925632

 

Director:

Antony David Ross

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1351

-

Clothing Manufacturing

 

ISIC Rev 4 Codes:

1410

-

Manufacture of wearing apparel, except fur apparel

 

NACE Rev 2 Codes:

1419

-

Manufacture of other wearing apparel and accessories n.e.c.

 

NAICS 2012 Codes:

315990

-

Apparel Accessories and Other Apparel Manufacturing

 

US SIC 1987:

2389

-

Apparel and Accessories, Not Elsewhere Classified

 

UK SIC 2007:

1419

-

Manufacture of other wearing apparel and accessories n.e.c.

 

 

Business Description

 

Design, manufacture and supply of waterproof and breathable clothing, mainlystocks, gloves and hatsto retailers and other institutions

 

 

More Business Descriptions

 

Clothing Wholesale and Suppliers

 

SealSkinz is an independent company specialising in fully waterproof, windproof and breathable hand, foot and head accessories. We currently manufacture and sell a range of socks, gloves and hats for specialist and enthusiast Sports, Outdoor, Cycle, Marine, Country and Equestrian markets, alongside our Duty products for the Emergency Services, Military and Industrial Personnel and approved Wudhu socks. SealSkinz uses patented technology for the socks and knitted gloves, and we are committed to developing new and innovative products for current and existing markets. We are extremely proud to manufacture over 50% of all our product range by hand in the UK, with factory, warehouse and office facilities in Kings Lynn, Norfolk. We are totally driven by your feedback, and will always aim to listen to what you, our customer needs, whether it being changing the design or adding totally new products. We work alongside key people in all of our markets, from figures in the public eye, to people that use our products day in, day out and others that excel in their sports. We are a company who enjoys being outdoors and understands the demands of ever changing and unpredictable weather. Why not come and find us on facebook

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

6.9

Net Income:

0.5

Assets:

4.1

Current Assets:

3.9

 

Fixed Assets:

0.2

 

Long Term Debt:

0.0

 

Total Liabilities:

2.1

 

Issued Capital:

1.2

 

Working Capital:

1.8

 

Net Worth:

2.0

 

 

 

Date of Financial Data:

30-Jun-2012

 

1 Year Growth

17.7%

NA

NA

 

Key Corporate Relationships

Auditor:

Grant Thornton UK LLP

Bank:

Hsbc Bank PLC

 

Auditor:

Grant Thornton UK LLP

 

Auditor History

Grant Thornton UK LLP

30-Jun-2012

Grant Thornton UK LLP

30-Jun-2011

Wilkins Kennedy

30-Jun-2010

Wilkins Kennedy

30-Jun-2009

Wilikins Kennedy

30-Jun-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

06-30-2012

 

 

 

 

 

 

Corporate Structure News

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Sealskinz Holdings Ltd.

Parent

Kings Lynn

United Kingdom

Clothing and Apparel Manufacturing

11.0

60

Sealskinz Ltd.

Subsidiary

Kings Lynn

United Kingdom

Clothing and Apparel Manufacturing

11.0

56

 



 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

 

Justin Peter Renwick Adams

 

Director

Director/Board Member

 

Age: 48

 

David Timothy Jesson

 

Director

Director/Board Member

 

 

Age: 49

 

Stephen Nicholas Riley

 

Director

Director/Board Member

 

 

Age: 60

 

Antony David Ross

 

Director

Director/Board Member

 

 

Age: 53

 

Alistair Jack Tait

 

Director, Secretary

Director/Board Member

 

 

Age: 50

 

Alistair John Tillen

 

Director

Director/Board Member

 

 

Age: 46

 

 

Executives

 

Name

Title

Function

 

Alistair Jack Tait

 

Director, Secretary

Company Secretary

 

Age: 50

 

Andy May

 

Finance & IT Manager

Finance Executive

 

 

 

Directors and Shareholders Report

 

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Antony David
Ross

Current

19 Nov 1960

5Th Floor, Maybrook House 27-35 Grainger Street,
Newcastle Upon Tyne, Tyne And Wear NE1 5JE

10 Aug 2007

NA

Current:8
Previous:11
Disqualifications:0

 

Stephen Nicholas
Riley

Current

30 Aug 1953

Wood Norton Hall Hall Lane, Wood Norton,
Dereham, Norfolk NR20 5BE

20 Dec 2007

NA

Current:7
Previous:4
Disqualifications:0

 

Justin Peter Renwick
Adams

Current

30 Sep 1965

Westgate Brewery, Bury St. Edmunds,
Bury St. Edmunds, Suffolk IP33 1QT

01 Jun 2013

NA

Current:3
Previous:17
Disqualifications:0

 

Alistair Jack
Tait

Current

07 Jan 1963

Pantiles Priory Lane, South Wootton,
King'S Lynn, Norfolk PE30 3JF

03 Nov 2003

NA

Current:5
Previous:0
Disqualifications:0

 

Alistair John
Tillen

Current

09 Jul 1967

1 Craven Hill,
Paddington, London W2 3RN

01 May 2012

NA

Current:7
Previous:1
Disqualifications:0

 

David Timothy
Jesson

Current

29 Aug 1964

36 Oldmedow Road, Hardwick Industrial Estate Kings Lynn,
King'S Lynn, Norfolk PE30 4PP

25 Jul 2011

NA

Current:2
Previous:2
Disqualifications:0

 

Maureen
Pooley

Previous

06 Oct 1946

12 Lodge Lane, Old Catton,
Norwich, Norfolk NR6 7HG

08 Oct 2003

03 Nov 2003

Current:0
Previous:388
Disqualifications:0

 

Stuart
Andrews

Previous

26 Nov 1967

36 Oldmedow Road, Hardwick Industrial Estate Kings Lynn,
King'S Lynn, Norfolk PE30 4PP

04 Jan 2011

25 May 2011

Current:0
Previous:2
Disqualifications:0

 

Emma Rachel
Feltham

Previous

07 May 1981

62 Vane Close, Thorpe St Andrew,
Norwich, Norfolk NR7 0US

08 Oct 2003

03 Nov 2003

Current:0
Previous:96
Disqualifications:0

 

Andrew
Dahl

Previous

06 Apr 1965

105 Lynn Road,
King'S Lynn, Norfolk PE32 1AG

10 Aug 2007

17 May 2012

Current:2
Previous:2
Disqualifications:0

 

Mark
Littlewood

Previous

04 Jul 1962

Estuary Road,
King'S Lynn, Norfolk PE30 2HS

03 Nov 2003

10 Aug 2007

Current:8
Previous:5
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

There are no corporate directors for this company.

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Alistair Jack
Tait

Current

07 Jan 1963

Pantiles Priory Lane, South Wootton,
King'S Lynn, Norfolk PE30 3JF

03 Nov 2003

NA

Current:5
Previous:0
Disqualifications:0

 

Maureen
Pooley

Previous

06 Oct 1946

12 Lodge Lane, Old Catton,
Norwich, Norfolk NR6 7HG

08 Oct 2003

03 Nov 2003

Current:0
Previous:388
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

Individual Shareholders

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Sealskinz Holdings Limited

06135564

1200000 Ordinary GBP 1.00

Ordinary

1,200,000

1.00

1,200,000.00

100.00

 

 

 

News

 

 

London's best Cycling gloves
Evening Standard (London, UK) (194 Words)

21-Nov-2013

 

 

SealSkinz Handlebar Mittens review
Bike Radar (211 Words)

16-Nov-2013

 

 

BikeRadar Battle: Waterproof gloves
Bike Radar (223 Words)

08-Nov-2013

 

 

SealSkinz Ultra Grip Hi Vis gloves review
Bike Radar (241 Words)

07-Nov-2013

 

 

Independent Magazine: SealSkinz Waterproof Winter Cycle Gloves, £40
Independent (UK) (30 Words)

26-Oct-2013

 

 

Case study: SealSkinz strategically increases online sales
Bitpipe (126 Words)

18-Oct-2013

 

 

There is no such thing as bad weather...
Run247 (201 Words)

26-Sep-2013

 

 

Competition: Win a ride in the Bardiani Valvole-CSF Inox team car at the Tour of Britain
RoadCyclingUK (106 Words)

11-Sep-2013

 

 

UTMB and CCC compulsory kit list
Guardian Web (762 Words)

06-Sep-2013

 

 

SYSPRO ERP perfect fit to support SealSkinz growth
Process and Control Today (496 Words)

17-Jul-2013

 

 

SealSkinz integrate K3 Syspro ERP system
Retail Systems (204 Words)

12-Jul-2013

 


Annual Profit & Loss

 

 

 

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

46 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.631353

0.629106

0.633607

0.627423

0.499214

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

8.9

7.2

6.6

-

-

Turnover (Exports)

2.0

2.1

1.9

-

-

Total Turnover

11.0

9.4

8.5

6.6

-

Cost of Sales

6.0

5.8

5.1

-

-

Total Expenses

-

-

-

6.4

-

Gross Profit

4.9

3.5

3.5

-

1.6

Depreciation

0.1

0.1

0.1

0.1

0.0

Other Expenses

3.9

3.2

2.8

-

2.3

Operating Profit

1.1

0.3

0.7

-

-0.8

Other Income

0.0

0.0

0.0

0.0

0.0

Interest Paid

0.1

0.0

0.0

0.1

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

1.0

0.3

0.7

0.1

-0.8

Tax Payable / Credit

0.2

0.0

0.1

0.0

-0.2

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

0.8

0.3

0.5

0.1

-0.6

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

-

Non Audit Fees

0.0

0.0

0.0

0.0

-

Number of Employees

56

55

42

37

20

Wages

1.9

1.6

1.3

1.2

0.8

Social Security Costs

0.1

0.1

0.1

0.1

0.1

Pensions

0.0

-

-

0.0

0.0

Other Pension Costs

0.1

0.0

0.0

0.0

0.0

Employees Remuneration

2.1

1.8

1.4

1.3

0.9

Directors Emoluments

0.0

-

-

0.0

0.0

Other Costs

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

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

 

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.64529

0.622878

0.668405

0.60722

0.502475

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.0

0.0

0.0

0.0

0.0

Fixtures & Fittings

0.1

0.1

0.0

0.0

0.1

Plant & Vehicles

0.2

0.2

0.1

0.2

0.2

Total Tangible Fixed Assets

0.3

0.3

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

0.3

0.2

0.3

0.3

Stocks

3.9

2.2

2.0

2.5

1.4

Work in Progress

0.1

0.1

0.1

0.1

0.2

Total Stocks Work In Progress

4.0

2.3

2.1

2.6

1.6

Trade Debtors

0.5

0.4

0.4

0.4

0.4

Inter-Company Debtors

1.3

0.8

0.2

0.0

0.6

Other Debtors

0.1

0.2

0.1

0.4

0.4

Total Debtors

2.0

1.3

0.7

0.8

1.4

Cash and Equivalents

0.0

0.1

0.5

0.4

0.2

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

6.0

3.8

3.2

3.8

3.2

Total Assets

6.4

4.1

3.4

4.0

3.4

Trade Creditors

0.6

1.0

0.9

1.6

1.1

Bank Overdraft

2.1

-

0.0

0.2

0.0

Inter-Company Creditors

-

0.0

0.0

0.2

0.0

Director Loans (Current Liability)

-

0.0

0.0

0.0

0.0

Hire Purchase (Current Liability)

-

0.0

0.0

0.0

0.0

Finance Lease (Current Liability)

-

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

-

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Current Liability)

-

0.2

0.4

0.2

0.3

Social Security/VAT

0.1

0.0

0.1

0.1

0.0

Corporation Tax

0.2

0.0

0.0

0.0

0.0

Dividends (Current Liability)

-

0.0

0.0

0.0

0.0

Other Current Liabilities

0.2

0.5

0.0

0.0

0.0

Total Current Liabilities

3.2

1.7

1.3

2.3

1.4

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

Leasing (Long Term Liability)

-

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

1.9

1.9

1.8

2.0

2.4

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

1.2

0.4

0.3

-0.2

-0.4

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

3.1

2.4

2.1

1.7

2.0

Net Worth

3.1

2.3

2.1

1.7

2.0

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

 

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

46 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.631353

0.629106

0.633607

0.627423

0.499214

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

-1.6

-0.7

0.4

0.2

0.5

Net Cash Flow from ROI and Servicing of Finance

-0.1

0.0

0.0

-0.1

0.0

Taxation

0.0

0.0

0.0

0.0

0.0

Capital Expenditures

-0.1

-0.2

-0.1

-0.1

-0.2

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

-0.2

0.2

0.0

Increase in Cash

-1.8

-0.9

0.1

0.2

0.2

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

30-Jun-2012

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

46 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.64529

0.622878

0.668405

0.60722

0.502475

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.88

2.20

2.43

1.64

2.21

Liquidity Ratio

0.62

0.83

0.86

0.52

1.13

Stock Turnover

267.00

405.00

387.00

264.00

-

Credit Period (Days)

1,732.00

1,580.00

1,747.00

2,128.00

-

Working Capital by Sales

2,618.00%

2,167.00%

2,345.00%

2,163.00%

-

Trade Credit by Debtors

119.00

248.00

228.00

407.00

266.00

Return on Capital

3,117.00%

1,383.00%

2,974.00%

613.00%

-4,464.00%

Return on Assets

1,548.00%

805.00%

1,826.00%

264.00%

-2,600.00%

Profit Margin

918.00%

350.00%

777.00%

156.00%

-

Return on Shareholders Funds

3,200.00%

1,403.00%

2,998.00%

613.00%

-4,464.00%

Borrowing Ratio

7,156.00%

-

-

2,206.00%

-

Equity Gearing

4,836.00%

5,742.00%

6,090.00%

4,305.00%

5,823.00%

Debt Gearing

1.16%

-

-

-

-

Interest Coverage

1,498.00

1,692.00

5,429.00

138.00

-1,694.00

Sales by Tangible Assets

3,193.00

2,993.00

4,471.00

3,256.00

-

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

0.2

0.2

0.2

0.2

-

Capital Employed per Employee

0.1

0.0

0.1

0.0

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

0.2

Employee Remuneration by Sales

1,948.00%

1,891.00%

1,671.00%

2,036.00%

-

Creditor Days (Cost of Sales Based)

3,746.00

6,289.00

6,699.00

8,652.00

-

Creditor Days (Sales Based)

2,055.00

3,921.00

3,977.00

8,652.00

-

 

 

 

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 :

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.