MIRA
INFORM REPORT
|
Report Date : |
09.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
GANDHI ORIENTAL FOODS LTD. |
|
|
|
|
Registered Office : |
42-44 Thomas Road
London, E14 7BJ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2011 |
|
|
|
|
Date of Incorporation : |
09.12.1971 |
|
|
|
|
Com. Reg. No.: |
01034090 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Wholesale and retailer distributors of foodstuffs and
primarily to the asiancatering establishments. |
|
|
|
|
No. of Employees : |
44 |
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 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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 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).
|
Source : CIA |
company name and address
GANDHI ORIENTAL FOODS LTD.
42-44 Thomas Road
London, E14 7BJ
United Kingdom
(Trading Address)
Tel: 02085932286
Fax: 02085934825
Website: www.gandhiorientalfoods.co.uk
Employees: 44
Company Type: Private Parent
Quoted Status: Non-quoted Company
Incorporation Date: 09-Dec-1971
Auditor: Kj Pittalis LLP
Financials in: USD (In Millions)
Fiscal Year End: 30-Apr-2011
Reporting Currency: British Pound Sterling
Annual Sales: 34.5 1
Net Income: 1.0
Total Assets: 14.9
Business Description
Gandhi Oriental Foods Ltd , widely known as GOF is one of
the leading providers of Asian restaurant supplies in South East England. We
are a family run business with over forty years' of experience of wholesale and
catering industries. We are well equipped to cater for a huge variety of
service and product requirements. We have a huge selection of well known brands
coupled with our own brands to suit your needs and budget and are happy to
order anything you may require in the unlikely event that we do not keep it in
stock. The company has three convenient cash and carry wholesale facilities in
prime locations to showcase an extensive product range. For added customer
convenience, a full delivered wholesale service is operated from each of these
locations ensuring a wide coverage. Over the years GOF marketed an exclusive
range of own label products under JOSH and GOF brands. These products are
carefully chosen and prepared to ensure our customers get real quality and
value. Our products are of high standard and provide you with a greater choice
of quality products alternative to branded products at a competitive price. We
pride ourselves on our commitment to quality. Being a family run business, we
understand the importance of establishing long-lasting relationships with our
clients. We always ensure our staff work closely with our valued clients, in
order to ensure the most exact of specifications are stringently adhered to
regarding delivery and product range. Whether you're interested in purchasing
catering supplies in South East England or Asian beers in the wider England
area, we are the firm for you. So, for a great cash and carry in South East
specialising in Asian restaurant supplies, look no further. Contact the
friendly, helpful team here at Gandhi Oriental Foods Ltd. We look forward to
hearing from you!
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
5139 -
Non-specialised wholesale of food, beverages and tobacco |
|
NAICS 2002: |
424490 -
Other Grocery and Related Products Merchant Wholesalers |
|
UK SIC 2003: |
5139 -
Non-specialised wholesale of food, beverages and tobacco |
|
UK SIC 2007: |
4639 -
Non-specialised wholesale of food, beverages and tobacco |
|
US SIC 1987: |
5149 -
Groceries and Related Products, Not Elsewhere Classified |
Key Executives
|
Name |
Title |
|
Kantilal Chunilal Gandhi |
Secretary |
|
Manjulaben Jayantilal Gandhi |
Director |
|
Natwarlal Chunilal Mody |
Director |
|
Dinesh Mody |
Director |
|
Pravin Mody |
Director |
Financial Summary
|
FYE: 30-Apr-2011 |
USD (mil) |
|
Key Figures |
|
|
Current Assets |
14.52 |
|
Fixed Assets |
0.39 |
|
Total Liabilities |
3.98 |
|
Net Worth |
10.92 |
|
Key Ratios |
|
|
Current Ratio |
3.65 |
|
Acid Test |
2.72 |
Registered No.(UK): 01034090
1 - Profit & Loss
Item Exchange Rate: USD 1 = GBP 0.6400078
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.5995383
Location
42-44 Thomas Road
London, E14 7BJ
London County
United Kingdom
Tel: 02085932286
Fax: 02085934825
Website:
Sales GBP(mil): 22.1
Assets GBP(mil): 8.9
Employees: 44
Fiscal Year End: 30-Apr-2011
Industry: Food
Processing
Registered
Address:
First Floor Global House
299 303 Ballards Lane
London, N12 8NP
United Kingdom
Incorporation Date: 09-Dec-1971
Company Type: Private
Parent
Quoted Status: Not
Quoted
Registered No.(UK): 01034090
Secretary: Kantilal
Chunilal Gandhi
|
ANZSIC 2006 Codes: |
||
|
3609 |
- |
Other Grocery Wholesaling |
|
NACE 2002 Codes: |
||
|
5139 |
- |
Non-specialised wholesale of food, beverages and tobacco |
|
NAICS 2002 Codes: |
||
|
424490 |
- |
Other Grocery and Related Products Merchant Wholesalers |
|
US SIC 1987: |
||
|
5149 |
- |
Groceries and Related Products, Not Elsewhere Classified |
|
UK SIC 2003: |
||
|
5139 |
- |
Non-specialised wholesale of food, beverages and tobacco |
|
UK SIC 2007: |
||
|
4639 |
- |
Non-specialised wholesale of food, beverages and tobacco |
Wholesale and retailer
distributors of foodstuffs and primarily to the asiancatering establishments.
More Business Descriptions
Gandhi Oriental Foods Ltd
, widely known as GOF is one of the leading providers of Asian restaurant
supplies in South East England. We are a family run business with over forty
years' of experience of wholesale and catering industries. We are well equipped
to cater for a huge variety of service and product requirements. We have a huge
selection of well known brands coupled with our own brands to suit your needs
and budget and are happy to order anything you may require in the unlikely
event that we do not keep it in stock. The company has three convenient cash
and carry wholesale facilities in prime locations to showcase an extensive
product range. For added customer convenience, a full delivered wholesale
service is operated from each of these locations ensuring a wide coverage. Over
the years GOF marketed an exclusive range of own label products under JOSH and
GOF brands. These products are carefully chosen and prepared to ensure our
customers get real quality and value. Our products are of high standard and
provide you with a greater choice of quality products alternative to branded
products at a competitive price. We pride ourselves on our commitment to
quality. Being a family run business, we understand the importance of
establishing long-lasting relationships with our clients. We always ensure our
staff work closely with our valued clients, in order to ensure the most exact
of specifications are stringently adhered to regarding delivery and product
range. Whether you're interested in purchasing catering supplies in South East
England or Asian beers in the wider England area, we are the firm for you. So,
for a great cash and carry in South East specialising in Asian restaurant
supplies, look no further. Contact the friendly, helpful team here at Gandhi Oriental
Foods Ltd. We look forward to hearing from you!
|
|
|||||||||||||||||||||||||||||||||||||||||||||||
|
Auditor: |
Kj Pittalis LLP |
|
Bank: |
Barclays Bank PLC |
|
Auditor: |
Kj Pittalis LLP |
|
Auditor History |
|
|
Kj Pittalis LLP |
30-Apr-2011 |
|
K J Pittalis And Co |
30-Apr-2010 |
|
K J Pittalis And Co |
30-Apr-2009 |
|
K J Pittalis And Co |
30-Apr-2008 |
|
K J Pittalis And Co |
30-Apr-2007 |
|
|
|
|
|
GBP(mil) |
|
Audit Fees: |
0.0 |
|
Non Audit Fees: |
0.0 |
|
Audit Fiscal Year: |
04-30-2011 |
Directors
|
|
|
|||
|
Secretary |
Director/Board Member |
|||
|
|||||
|
Director |
Director/Board Member |
|
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|
|||||
|
Director |
Director/Board Member |
|
||
|
|||||
|
Director |
Director/Board Member |
|
||
|
|||||
|
Director |
Director/Board Member |
|
||
|
|||||
Executives
|
|
|
|
||||
|
Secretary |
Company Secretary |
Experian Ltd. |
||||
|
|||||||
Directors
and Shareholders Report
|
Main Office Address: |
Tel: 02085932286 |
Annual Return Date: 22
Dec 2012 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
26 Oct 1938 |
17 Deanhurst Gardens, Woodford Wells, |
22 Dec 1991 |
NA |
Current:6 |
|
|
|
Current |
10 Jul 1948 |
High Meads 26 Hillcrest Road, |
22 Dec 1991 |
NA |
Current:1 |
|
|
|
Current |
01 Feb 1955 |
68 Church Lane, |
02 Jan 1997 |
NA |
Current:1 |
|
|
|
Current |
12 Oct 1952 |
32 Chiltern Way, |
02 Jan 1997 |
NA |
Current:2 |
|
|
|
Current |
15 Jun 1952 |
5 Hermitage Close, |
22 Dec 1991 |
NA |
Current:2 |
|
|
|
Current |
15 Jun 1941 |
High Meads 26 Hillcrest Road, |
22 Dec 1991 |
NA |
Current:3 |
|
|
|
Previous |
25 Sep 1925 |
34 Lee Grove, |
NA |
04 Jul 1996 |
Current: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 |
|
|
Current |
26 Oct 1938 |
17 Deanhurst Gardens, Woodford Wells, |
22 Dec 1991 |
NA |
Current:6 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
|
Individual Shareholders |
||||||
|
|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Anil Gandhi |
21175 A Ordinary GBP 1.00 |
A Ordinary |
21,175 |
1.00 |
21,175.00 |
8.47 |
|
Anil Gandhi |
1325 Ordinary GBP 1.00 |
Ordinary |
1,325 |
1.00 |
1,325.00 |
0.53 |
|
Dinesh Mody |
24150 A Ordinary GBP 1.00 |
A Ordinary |
24,150 |
1.00 |
24,150.00 |
9.66 |
|
Dinesh Mody |
2517 Ordinary GBP 1.00 |
Ordinary |
2,517 |
1.00 |
2,517.00 |
1.01 |
|
Jayantilal C Gandhi |
35850 A Ordinary GBP 1.00 |
A Ordinary |
35,850 |
1.00 |
35,850.00 |
14.34 |
|
Jayantilal C Gandhi |
6650 Ordinary GBP 1.00 |
Ordinary |
6,650 |
1.00 |
6,650.00 |
2.66 |
|
Kantilal C Gandhi |
35850 A Ordinary GBP 1.00 |
A Ordinary |
35,850 |
1.00 |
35,850.00 |
14.34 |
|
Kantilal C Gandhi |
6650 Ordinary GBP 1.00 |
Ordinary |
6,650 |
1.00 |
6,650.00 |
2.66 |
|
Kaushik A Mody |
11950 A Ordinary GBP 1.00 |
A Ordinary |
11,950 |
1.00 |
11,950.00 |
4.78 |
|
Kaushik A Mody |
2217 Ordinary GBP 1.00 |
Ordinary |
2,217 |
1.00 |
2,217.00 |
0.89 |
|
Manjulaben J Gandhi |
12200 A Ordinary GBP 1.00 |
A Ordinary |
12,200 |
1.00 |
12,200.00 |
4.88 |
|
Manjulaben J Gandhi |
300 Ordinary GBP 1.00 |
Ordinary |
300 |
1.00 |
300.00 |
0.12 |
|
Natwarlal C Mody |
35850 A Ordinary GBP 1.00 |
A Ordinary |
35,850 |
1.00 |
35,850.00 |
14.34 |
|
Natwarlal C Mody |
6650 Ordinary GBP 1.00 |
Ordinary |
6,650 |
1.00 |
6,650.00 |
2.66 |
|
Pravin A Mody |
24150 A Ordinary GBP 1.00 |
A Ordinary |
24,150 |
1.00 |
24,150.00 |
9.66 |
|
Pravin A Mody |
2516 Ordinary GBP 1.00 |
Ordinary |
2,516 |
1.00 |
2,516.00 |
1.01 |
|
Sanjay Gandhi |
18825 A Ordinary GBP 1.00 |
A Ordinary |
18,825 |
1.00 |
18,825.00 |
7.53 |
|
Sanjay Gandhi |
1175 Ordinary GBP 1.00 |
Ordinary |
1,175 |
1.00 |
1,175.00 |
0.47 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|
|
|
There are no corporate shareholders for this company. |
|
|
Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.640008 |
0.625491 |
0.607152 |
0.498433 |
0.523688 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Turnover |
34.5 |
- |
- |
- |
- |
|
Cost of Sales |
30.0 |
- |
- |
- |
- |
|
Gross Profit |
4.5 |
4.3 |
4.8 |
5.4 |
4.8 |
|
Depreciation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Expenses |
2.7 |
2.8 |
2.9 |
2.9 |
2.6 |
|
Operating Profit |
1.8 |
1.5 |
1.9 |
2.5 |
2.2 |
|
Other Income |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Interest Paid |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
- |
- |
- |
- |
|
Profit Before Taxes |
1.8 |
1.5 |
2.0 |
2.6 |
2.3 |
|
Tax Payable / Credit |
0.5 |
0.4 |
0.5 |
0.8 |
0.7 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.3 |
0.3 |
0.4 |
0.3 |
0.4 |
|
Profit After Taxes |
1.0 |
0.8 |
1.0 |
1.5 |
1.2 |
|
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 |
- |
- |
- |
- |
|
Number of Employees |
44 |
42 |
43 |
40 |
37 |
|
Wages |
1.2 |
1.2 |
1.4 |
1.5 |
1.3 |
|
Social Security Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Pensions |
- |
0.0 |
0.0 |
- |
0.0 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
1.3 |
1.2 |
1.5 |
1.7 |
1.4 |
|
Directors Emoluments |
- |
0.3 |
0.3 |
- |
0.3 |
|
Other Costs |
0.3 |
0.0 |
0.0 |
- |
0.0 |
|
Directors Remuneration |
0.3 |
0.3 |
0.3 |
0.4 |
0.3 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.599538 |
0.653317 |
0.674855 |
0.50491 |
0.500038 |
|
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 |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Total Tangible Fixed Assets |
0.2 |
0.2 |
0.2 |
0.3 |
0.2 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Total Fixed Assets |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Stocks |
3.7 |
3.1 |
2.7 |
3.0 |
1.6 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
3.7 |
3.1 |
2.7 |
3.0 |
1.6 |
|
Trade Debtors |
4.1 |
3.4 |
3.4 |
5.6 |
4.3 |
|
Inter-Company Debtors |
- |
- |
- |
- |
0.0 |
|
Director Loans |
- |
- |
- |
- |
0.0 |
|
Other Debtors |
4.4 |
3.0 |
2.8 |
2.9 |
0.1 |
|
Total Debtors |
8.5 |
6.4 |
6.2 |
8.5 |
4.3 |
|
Cash and Equivalents |
2.3 |
2.8 |
2.0 |
0.9 |
5.4 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
14.5 |
12.3 |
10.9 |
12.4 |
11.3 |
|
Total Assets |
14.9 |
12.6 |
11.2 |
12.9 |
11.7 |
|
Trade Creditors |
1.9 |
2.3 |
2.0 |
1.8 |
2.5 |
|
Bank Overdraft |
0.1 |
0.1 |
0.1 |
0.2 |
0.0 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
- |
- |
- |
- |
|
Finance Lease (Current Liability) |
0.0 |
- |
- |
- |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
- |
- |
- |
- |
|
Total Short Term Loans |
0.0 |
- |
- |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Social Security/VAT |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Corporation Tax |
0.5 |
0.3 |
0.5 |
0.8 |
0.7 |
|
Dividends (Current Liability) |
0.0 |
- |
- |
- |
- |
|
Other Current Liabilities |
1.3 |
0.9 |
0.5 |
0.3 |
0.2 |
|
Total Current Liabilities |
4.0 |
3.6 |
3.2 |
3.3 |
3.6 |
|
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 |
0.4 |
0.4 |
0.4 |
0.5 |
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 |
10.5 |
8.7 |
7.7 |
9.0 |
7.6 |
|
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 |
10.9 |
9.1 |
8.1 |
9.5 |
8.1 |
|
Net Worth |
10.9 |
9.1 |
8.1 |
9.5 |
8.1 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.640008 |
0.625491 |
0.607152 |
0.498433 |
0.523688 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.0 |
1.9 |
2.6 |
-3.6 |
3.8 |
|
Net Cash Flow from ROI and Servicing of Finance |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Taxation |
-0.3 |
-0.7 |
-0.6 |
-0.7 |
-0.6 |
|
Capital Expenditures |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-0.3 |
-0.3 |
-0.4 |
-0.3 |
-0.4 |
|
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 |
-0.7 |
0.8 |
1.5 |
-4.7 |
2.7 |
Annual
Ratios
Financials in: USD (mil)
|
|
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
30-Apr-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.599538 |
0.653317 |
0.674855 |
0.50491 |
0.500038 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
3.65 |
3.45 |
3.43 |
3.72 |
3.14 |
|
Liquidity Ratio |
2.72 |
2.60 |
2.57 |
2.81 |
2.70 |
|
Stock Turnover |
10.05 |
- |
- |
- |
- |
|
Credit Period (Days) |
40.85 |
- |
- |
- |
- |
|
Working Capital by Sales |
28.59% |
- |
- |
- |
- |
|
Trade Credit by Debtors |
0.46 |
0.68 |
0.59 |
0.33 |
0.58 |
|
Return on Capital |
17.36% |
16.21% |
21.96% |
27.40% |
30.06% |
|
Return on Assets |
12.72% |
11.65% |
15.76% |
20.28% |
20.79% |
|
Profit Margin |
5.15% |
- |
- |
- |
- |
|
Return on Shareholders Funds |
17.36% |
16.21% |
21.96% |
27.40% |
30.06% |
|
Borrowing Ratio |
0.98% |
0.86% |
0.91% |
2.61% |
0.45% |
|
Equity Gearing |
73.29% |
71.87% |
71.75% |
74.02% |
69.15% |
|
Interest Coverage |
29.66 |
49.30 |
- |
- |
- |
|
Sales by Tangible Assets |
149.73 |
- |
- |
- |
- |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Sales per Employee |
0.8 |
- |
- |
- |
- |
|
Capital Employed per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.3 |
0.3 |
0.3 |
0.3 |
0.3 |
|
Employee Remuneration by Sales |
3.78% |
- |
- |
- |
- |
|
Creditor Days (Cost of Sales Based) |
21.60 |
- |
- |
- |
- |
|
Creditor Days (Sales Based) |
18.79 |
- |
- |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.57 |
|
|
1 |
Rs.84.25 |
|
Euro |
1 |
Rs.71.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.