MIRA INFORM REPORT
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Report Date : |
06.02.2013 |
IDENTIFICATION DETAILS
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Name : |
ALLMAKES LTD. |
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Registered Office : |
39 Milton Park, Abingdon, OX14 4RT |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
18.05.1977 |
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Com. Reg. No.: |
01314091 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject specialises in the supply of parts and accessories for Land
Rover Defender, Discovery, Freelander, Cherokee, Grand Cherokee, Wrangler and
Range Rover models of cars. |
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No. of Employees : |
113 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES
:
Any query related to this report
can be made on e-mail: infodept@mirainform.com while quoting report
number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 third largest economy in Europe after Germany and France. 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 aims 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 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. 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).
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Source : CIA |
COMPANY NAME &
ADDRESS
ALLMAKES LTD.
39 Milton Park
Milton
Abingdon, OX14 4RT
United Kingdom
(Trading Address)
Tel: 01235821122
Fax: 01235821133
Web site:
www.allmakes4x4.com
synthesis
Employees: 113
Company Type: Private
Subsidiary
Corporate Family: 3 Companies
Ultimate Parent: Allmakes 4 X 4
Ltd.
Quoted Status: Non-quoted
Company
Incorporation Date: 18-May-1977
Auditor: Shaw Gibbs LLP
Financials in: USD (mil)
Fiscal Year End: 31-Dec-2011
Reporting Currency: British Pound Sterling
Annual Sales: 52.5
1
Net Income: 0.8
Total Assets: 23.9
Business Description
Allmakes Ltd. specialises in the supply of parts and accessories for
Land Rover Defender, Discovery, Freelander, Cherokee, Grand Cherokee, Wrangler
and Range Rover models of cars. The company supplies various types of
accessories, such as bars, dog guards, jacks, racks, carriers, suspension
parts, and interior and off-road accessories. In addition, it provides business
management and parts identification software and an online product catalogue to
its customers. The company additionally holds a stock of original equipment
manufacturer and replacement parts.
Industry
Industry Retail (Specialty)
ANZSIC 2006: 3921 - Motor
Vehicle Parts Retailing
NACE 2002: 5030 - Sale of
motor vehicle parts and accessories
NAICS 2002: 441310 -
Automotive Parts and Accessories Stores
UK SIC 2003: 5030 - Sale of
motor vehicle parts and accessories
UK SIC 2007: 4532 - Retail
trade of motor vehicle parts and accessories
US SIC 1987: 5531 - Auto and
Home Supply Stores
Key Executives
Name Title
Lilian Greenough Credit Controller
Jeremy David Chowns Secretary
Erwin Kok Purchasing Manager
Peter Hands founding director
Richard Simon Howe Director
Financial Summary
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FYE:31-Dec-2011 |
USD (mil) |
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Registered
No.(UK): 01314091
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6434593
Location
39 Milton Park
Milton
Abingdon, OX14 4RT
Oxfordshire County
United Kingdom
Tel: 01235821122
Fax: 01235821133
Web Site : www.allmakes4x4.com
Sales GBP(mil): 32.7
Assets GBP(mil): 15.4
Employees: 113
Fiscal Year End: 31-Dec-2011
Industry: Retail (Specialty)
RegisteredAddress:
39
Milton Park
Abingdon, OX14 4RT
United Kingdom
Incorporation Date: 18-May-1977
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 01314091
Director: Richard Simon Howe
ANZSIC 2006 Codes:
3921- Motor Vehicle Parts Retailing
NACE 2002 Codes:
5030- Sale of motor vehicle parts and accessories
NAICS 2002 Codes:
441310- Automotive Parts and Accessories Stores
US SIC 1987:
5531- Auto and Home Supply Stores
UK SIC 2003:
5030- Sale of motor vehicle parts and accessories
UK SIC 2007:
4532- Retail trade of motor vehicle parts and accessories
Allmakes Ltd. specialises in the supply of parts and accessories for
Land Rover Defender, Discovery, Freelander, Cherokee, Grand Cherokee, Wrangler
and Range Rover models of cars. The company supplies various types of
accessories, such as bars, dog guards, jacks, racks, carriers, suspension
parts, and interior and off-road accessories. In addition, it provides business
management and parts identification software and an online product catalogue to
its customers. The company additionally holds a stock of original equipment
manufacturer and replacement parts.
More Business
Descriptions
Import and Export Agents
Allmakes 4Ăƒâ€”4 - Over 30 years of trading For over 30 years, Allmakes
4Ăƒâ€”4 has been supplying high quality Land Rover parts and accessories to
parts businesses, workshops, Government Organisations, Charities and NGO's
across the world. Originally known as Allmakes, a name relating to the vision
of the company's founding Director, Peter Hands, the company now known as
Allmakes 4Ăƒâ€”4 has grown into one of the most recognised suppliers for Land
Rover parts in existence. The company was started in 1977 in a room no bigger
than a Land Rover 90 in the Directors house in Oxford. Originally the company
focussed on supplying parts for Land Rovers, Trucks and Buses, even supplying
parts at one stage to Routemaster. However it was the Export Business that
really took off and within months, a larger office had been secured on Milton
Trading Estate in a town just south of Oxford called Abingdon. This is the
place where Allmakes 4Ăƒâ€”4 still resides to this day, although the estate is
now simply known as Milton Park. Two partner directors were also appointed at
this stage, all of whom shared a common grounding in the parts business and who
arrived from working at Unipart. The Directors and some key personnel continued
to build the business up, and it wasn't long before larger premises were
required. In 1982, Allmakes moved to another site in Abingdon and a number of
additional personnel were recruited, many of whom are still with us, but with
business growing at an unprecedented rate, and with new markets emerging in the
UK and abroad, it wasn't long before the company had to move again. In 1987,
Allmakes moved back to Milton Park and continued to grow. One highlight was
winning the Queens Award for Export in 1991. This was an incredible achievement
for a company still so young, but they proved worthy of this recognition,
managing to grow even during the recession of the early 90's. By the mid 90's.
Allmakes had developed a booming UK business to compliment their dominant
export business. The business bought into an accessory manufacturing business
called Gainsborough Accessories and this meant that the company could now
manufacture a quality range of accessories for themselves and undercut Land
Rover to meet the demands of their customers Later on in the 90's, the company extended
its local reach and introduced a fleet of delivery vans. This proved very
successful, but as the courier companies serving Allmakes improved, so the
reliance on personal delivery faded. Allmakes still operates deliveries to some
areas of the UK, but not on the scale that they used to. The Late 90's saw
Allmakes change its name to Allmakes 4Ăƒâ€”4 as by this time they were firmly
established as a key Land Rover parts supplier. With this came the decision to
move into other markets too, and for a number of years, Allmakes offered parts
for Chrysler Jeep vehicles, a side of the business that would later be sold off
to another company. Also, around this time, Allmakes 4Ăƒâ€”4 got involved with
creating the first aftermarket Diagnostics machine. This would be the beginning
of a long relationship with technical and business systems. The diagnostics
side of the business was eventually moved away to an independent company.
Allmakes 4Ăƒâ€”4 continued to gather strength and when Richard Howe became
Director of the company, the business started to get involved with a number of
new markets and acquisitions. It was Richard who said ""if you're
serious about selling parts, then you should run your own
workshops"". Allmakes 4Ăƒâ€”4 acquired a couple of workshops around
the country, running independently as workshops but also as test stations for
Allmakes products. This certainly helped to give Allmakes 4Ăƒâ€”4 their
reputation for quality. Quite quickly, quality itself became the Allmakes
4Ăƒâ€”4 message. They had implemented a number of quality approval processes
and could quickly identify flaws in parts that were up for consideration.
Certainly Allmakes 4Ăƒâ€”4 became synonymous amongst the Land Rover world as
the ""quality"" supplier. Such was the Allmakes 4Ăƒâ€”4
commitment to quality, that the company became the first and only company to
hold an ISO9001:2000 accreditation specifically for ""Storage, supply
and delivery of genuine, original and replacement spare parts and accessories
for vehicles manufactured by Land Rover"" Fast forward to 2007 and
the rumblings of a new brand were being heard in the Land Rover market.
Allmakes 4Ăƒâ€”4 released Terrafirma, a performance range of expedition grade
equipment designed to suit style, performance and budget requirements of the
Land Rover market. The Serious 4Ăƒâ€”4 Accessories brand. Terrafirma has since
become a success story of its own, and recently featured on the front cover of
Land Rover Owner International magazine as a catalogue. Allmakes 4Ăƒâ€”4 in
2008 became the first company to offer full online ordering via the Allmakes
4Ăƒâ€”4 Trade Portal, facilitated by a change of management system and at
considerable investment. Online sales now account for 40% of the total Allmakes
4Ăƒâ€”4 turnover. Later on a desktop version of the Trade Portal called Allmakes
Shadow was launched to effectively make Allmakes 4Ăƒâ€”4 open and ready for
business the moment people switch their computers on. Tap in a part number, it
tells you what variations of that part number Allmakes 4Ăƒâ€”4 has, what brands
they are, how much they are, and whether they are in stock. Click order, and
the part get's processed by the Allmakes 4Ăƒâ€”4 team and is sent out for
despatch. Simple but liberating. Allmakes 4Ăƒâ€”4 have eexhibited at a number
of shows around the world over their 30 years of trading. The major one of
these is Automecanika. Allmakes 4Ăƒâ€”4 are regulars at these shows so please
look out for them if you are going. There is so much more to say about Allmakes
4Ăƒâ€”4. We hope you can find what you are looking for in this site. If you
cannot then please contact us.
Financials in: GBP(mil) 1 Year Growth
Revenue: 32.7 81.5%
Net Income 0.5 NA
Assets:
5.4 30.9%
Current Assets: 14.6
Fixed Assets
0.8
Long Term Debt: 1.2
Total Liabilities: 9.9
Issued Capital: 0.3
Working Capital: 5.9
Net Worth: 5.4
Date of Financial Data:31-Dec-2011
Auditor: Shaw Gibbs LLP
Bank: Barclays Bank PLC
Auditor: Shaw Gibbs LLP
Auditor
History
Shaw Gibbs LLP 31-Dec-2011
Shaw Gibbs LLP 31-Dec-2010
Shaw Gibbs LLP 31-May-2010
Shaw Gibbs LLP 31-May-2009
Shaw Gibbs LLP 31-May-2008
GBP(mil)
Audit Fees: 0.0
Audit Fiscal Year: 12-31-2011
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Corporate
Family |
Corporate
Structure News: |
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Allmakes Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Abingdon |
United Kingdom |
Retail (Specialty) |
54.4 |
128 |
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Subsidiary |
Abingdon |
United Kingdom |
Retail (Specialty) |
52.5 |
113 |
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Subsidiary |
Norwich |
United Kingdom |
Retail (Specialty) |
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15 |
Executives Report
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Directors and Shareholders Report
Main Office Address:
39 Milton Park
Abingdon
United Kingdom OX14 4RT
Tel: 01235821122
Fax: 01235821133
URL: http://www.allmakes4x4.com
Annual Return Date: 24 Oct 2012
Total Issued Capital (GBP 000): 250
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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 |
23 Mar 1951 |
28 West Hill, |
18 Jul 2012 |
NA |
Current:6 |
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Current |
25 Sep 1963 |
Windrush Lodge, 2 Harris Gardens, |
01 Jun 1999 |
NA |
Current:5 |
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Previous |
07 Dec 1946 |
Cobblers Cottage, Shoe Lane, |
24 Oct 1993 |
12 Oct 2006 |
Current:1 |
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Previous |
30 Apr 1947 |
Old Cottage, Burcot, |
24 Oct 1991 |
12 Oct 2006 |
Current:0 |
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Previous |
06 Jul 1946 |
4 Isis Business Center Pony Road, |
24 Oct 1991 |
12 Oct 2006 |
Current:2 |
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Previous |
23 Jun 1943 |
Sevenoaks Lincombe Lane, Boars Hill, |
24 Oct 1991 |
24 May 2002 |
Current:0 |
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Previous |
01 Oct 1938 |
Po Box No 7355, |
24 Oct 1991 |
07 Aug 1996 |
Current:0 |
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Previous |
03 Oct 1958 |
The Old Post Office, High Street Childrey, |
21 Apr 2004 |
24 Mar 2006 |
Current:4 |
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Previous |
02 Jun 1951 |
Holm Lodge, Harcourt Hill, |
01 Jan 2000 |
01 Jun 2001 |
Current:0 |
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Previous |
26 Jan 1950 |
Orchard House, Sunngwell, |
NA |
04 Apr 1994 |
Current:0 |
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Corporate
Directors
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 |
23 Mar 1951 |
28 West Hill, |
01 Apr 2006 |
NA |
Current:6 |
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Previous |
21 Nov 1951 |
13 Vicarage Close, Grove, |
01 Jun 1992 |
20 Sep 2000 |
Current:0 |
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Previous |
03 Oct 1958 |
The Old Post Office, High Street Childrey, |
20 Sep 2000 |
24 Mar 2006 |
Current:4 |
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Corporate
Secretaries
There are no corporate secretaries for this company.
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Individual
Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Allmakes 4X4 Limited |
2500000 Ordinary GBP 0.10 |
Ordinary |
2,500,000 |
0.10 |
250,000.00 |
100.00 |
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Corporate
Shareholders
There are no corporate shareholders for this company.
Annual Profit & Loss
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Financials in:
USD (mil) Except for share
items (millions) and per share items (actual units) |
|
|
31-Dec-2011 |
31-Dec-2010 |
31-May-2010 |
31-May-2009 |
31-May-2008 |
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Period Length |
52 Weeks |
30 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.6282 |
0.61899 |
0.498857 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Turnover |
52.5 |
27.8 |
42.9 |
31.0 |
- |
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Cost of Sales |
42.7 |
22.9 |
34.8 |
24.8 |
- |
|
Gross Profit |
9.7 |
4.9 |
8.1 |
6.3 |
6.6 |
|
Depreciation |
0.3 |
0.2 |
0.3 |
0.3 |
0.3 |
|
Other Expenses |
8.1 |
4.0 |
7.1 |
6.4 |
5.9 |
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Operating Profit |
1.6 |
0.9 |
1.0 |
- |
- |
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Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.3 |
0.1 |
0.2 |
0.3 |
0.5 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.8 |
0.0 |
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Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit Before Taxes |
1.3 |
0.8 |
0.8 |
0.4 |
0.3 |
|
Tax Payable / Credit |
0.3 |
0.2 |
0.4 |
0.0 |
0.0 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.2 |
0.1 |
0.0 |
0.1 |
0.1 |
|
Profit After Taxes |
0.8 |
0.4 |
0.4 |
0.3 |
0.2 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
113 |
103 |
95 |
94 |
83 |
|
Wages |
4.9 |
2.4 |
3.8 |
3.8 |
3.9 |
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Social Security Costs |
0.5 |
0.2 |
0.4 |
0.3 |
0.4 |
|
Pensions |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Other Pension Costs |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
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Employees Remuneration |
5.4 |
2.7 |
4.3 |
4.2 |
4.3 |
|
Directors Emoluments |
0.4 |
- |
- |
- |
0.2 |
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Other Costs |
0.0 |
0.0 |
0.1 |
- |
0.0 |
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Directors Remuneration |
0.4 |
0.0 |
0.1 |
0.2 |
0.3 |
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Highest Paid Director |
- |
0.0 |
- |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-May-2010 |
31-May-2009 |
31-May-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.688255 |
0.620136 |
0.506022 |
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Consolidated |
No |
No |
No |
No |
No |
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|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
2.4 |
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Fixtures & Fittings |
0.5 |
0.6 |
0.6 |
0.7 |
0.3 |
|
Plant & Vehicles |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Total Tangible Fixed Assets |
0.6 |
0.7 |
0.7 |
0.8 |
2.9 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.4 |
0.6 |
|
Investments |
0.6 |
0.6 |
0.5 |
0.6 |
0.8 |
|
Total Fixed Assets |
1.2 |
1.3 |
1.2 |
1.7 |
4.3 |
|
Stocks |
8.7 |
8.0 |
8.1 |
6.6 |
6.9 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
8.7 |
8.0 |
8.1 |
6.6 |
6.9 |
|
Trade Debtors |
9.0 |
8.1 |
8.0 |
5.2 |
5.6 |
|
Inter-Company Debtors |
3.7 |
3.3 |
2.9 |
3.8 |
4.6 |
|
Director Loans |
- |
0.0 |
- |
- |
0.0 |
|
Other Debtors |
0.7 |
0.7 |
0.9 |
0.8 |
0.5 |
|
Total Debtors |
13.4 |
12.2 |
11.8 |
9.9 |
10.8 |
|
Cash and Equivalents |
0.5 |
0.3 |
0.3 |
0.1 |
0.2 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
22.6 |
20.5 |
20.2 |
16.7 |
17.8 |
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Total Assets |
23.9 |
21.8 |
21.5 |
18.5 |
22.2 |
|
Trade Creditors |
7.0 |
5.7 |
7.3 |
5.2 |
5.9 |
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Bank Overdraft |
4.6 |
4.3 |
4.0 |
2.8 |
2.7 |
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Inter-Company Creditors |
0.3 |
0.3 |
0.3 |
0.4 |
0.5 |
|
Director Loans (Current Liability) |
0.2 |
0.3 |
0.0 |
0.0 |
0.1 |
|
Hire Purchase (Current Liability) |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
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Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
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Accruals/Deferred Income (Current Liability) |
0.6 |
0.6 |
0.7 |
0.6 |
0.5 |
|
Social Security/VAT |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Corporation Tax |
0.2 |
0.5 |
0.3 |
0.0 |
0.0 |
|
Dividends (Current Liability) |
- |
- |
- |
0.0 |
0.0 |
|
Other Current Liabilities |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Total Current Liabilities |
13.4 |
12.0 |
12.8 |
9.5 |
10.2 |
|
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) |
0.1 |
0.1 |
0.2 |
0.3 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.1 |
0.1 |
0.2 |
0.3 |
0.0 |
|
Other Long Term Loans |
1.8 |
1.8 |
1.7 |
1.5 |
3.5 |
|
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 |
1.9 |
1.9 |
1.8 |
1.7 |
3.5 |
|
Deferred Taxation |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Issued Capital |
0.4 |
0.4 |
0.4 |
0.4 |
0.5 |
|
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 |
8.1 |
7.3 |
6.4 |
6.8 |
8.0 |
|
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 |
8.4 |
7.7 |
6.7 |
7.2 |
8.5 |
|
Net Worth |
8.4 |
7.7 |
6.7 |
6.9 |
7.9 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-May-2010 |
31-May-2009 |
31-May-2008 |
|
Period Length |
52 Weeks |
30 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.6282 |
0.61899 |
0.498857 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
- |
- |
- |
- |
0.4 |
|
Net Cash Flow from ROI and Servicing of Finance |
- |
- |
- |
- |
-0.5 |
|
Taxation |
- |
- |
- |
- |
-0.1 |
|
Capital Expenditures |
- |
- |
- |
- |
-0.1 |
|
Acquisitions and Disposals |
- |
- |
- |
- |
0.0 |
|
Paid Up Equity |
- |
- |
- |
- |
0.0 |
|
Management of Liquid Resources |
- |
- |
- |
- |
0.0 |
|
Net Cash Flow From Financing |
- |
- |
- |
- |
-0.2 |
|
Increase in Cash |
- |
- |
- |
- |
-0.5 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-May-2010 |
31-May-2009 |
31-May-2008 |
|
Period Length |
52 Weeks |
30 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.688255 |
0.620136 |
0.506022 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.69 |
1.70 |
1.58 |
1.76 |
1.75 |
|
Liquidity Ratio |
1.04 |
1.04 |
0.95 |
1.06 |
1.07 |
|
Stock Turnover |
5.84 |
6.12 |
4.84 |
4.66 |
- |
|
Credit Period (Days) |
64.49 |
60.24 |
74.52 |
61.61 |
- |
|
Working Capital by Sales |
18.11% |
17.24% |
18.89% |
23.32% |
- |
|
Trade Credit by Debtors |
0.78 |
0.70 |
0.91 |
0.99 |
1.05 |
|
Return on Capital |
12.30% |
13.69% |
8.32% |
3.98% |
2.52% |
|
Return on Assets |
5.37% |
6.12% |
3.35% |
1.93% |
1.36% |
|
Profit Margin |
2.52% |
2.72% |
1.84% |
1.15% |
- |
|
Return on Shareholders Funds |
15.19% |
17.28% |
10.67% |
4.92% |
3.55% |
|
Borrowing Ratio |
84.59% |
89.95% |
92.27% |
73.61% |
87.04% |
|
Equity Gearing |
35.37% |
35.40% |
31.45% |
39.18% |
38.31% |
|
Debt Gearing |
22.69% |
25.27% |
27.33% |
24.90% |
44.15% |
|
Interest Coverage |
4.93 |
5.08 |
3.22 |
1.03 |
0.61 |
|
Sales by Tangible Assets |
79.12 |
69.34 |
54.74 |
39.23 |
- |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.5 |
0.5 |
0.4 |
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 |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Employee Remuneration by Sales |
10.33% |
9.59% |
9.94% |
13.40% |
- |
|
Creditor Days (Cost of Sales Based) |
61.94 |
51.60 |
83.44 |
76.81 |
- |
|
Creditor Days (Sales Based) |
50.46 |
42.44 |
67.64 |
61.27 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.53.29 |
|
UK Pound |
1 |
Rs.83.96 |
|
Euro |
1 |
Rs.71.87 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.