MIRA
INFORM REPORT
|
Report Date : |
28.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHELMER FOODS LTD. |
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Registered Office : |
Excel House, 1 Hornminster Glen, Hornchurch, RM11 3XL |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
06.04.1992 |
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Com. Reg. No.: |
02704138 |
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Legal Form : |
Private Parent |
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Line of Business : |
Subject import and distribute dried fruits and edible nuts |
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No. of Employees : |
13 |
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 |
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Payment Behaviour : |
Slow but Correct |
|
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 |
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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).
|
Source : CIA |
Company name & address
Chelmer Foods Ltd.
220 Avenue West
Skyline 120
Great Notley
Braintree, CM77 7AA
United Kingdom
(Trading Address)
Registered Address
Tel: 01376 343500
Web: www.chelmerfoods.com
Synthesis
Employees: 13
Company Type: Private Parent
Quoted Status: Non-quoted Company
Incorporation Date:
06-Apr-1992
Auditor: Shroff Accountancy Services
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 115.0
1
Net Income: 1.8
Total Assets: 25.5
Business Description
Chelmer Foods Limited was established in 1992 by Mr. Roger Weaire,
currently our Managing Director, to import and distribute dried fruits and
edible nuts. The strength of the company has been built upon its strong
partnerships with leading exporters from around the world. The company sources
and supplies product from over 20 countries and with this wide range of options
we can offer products from our supplier base to suit the needs of most
manufacturers and packers within the UK and EU. Chelmer Foods has developed
relationships with suppliers and key amongst them are our two dried fruit
suppliers in Turkey; Taris Uzum are one of the oldest and largest
Sultana/Raisin packers in the world whilst Messrs Ozgur Tarim have recently
invested in a brand new factory incorporating the latest scanning and
processing equipment. Also in Turkey, we source dried Apricots, using quality
suppliers including Akbas and Gungor Tarim. Around the world, some of our other
supplier-partners include Boghosian Raisin Packing in California (dried
fruits), AgraCom in Chile (dried fruits), Bokomo Foods in South Africa (dried
fruits), Unity Foods in Thailand (tropical fruits), S.A. Silva in Sri Lanka
(coconut), Amar Singh in India (walnuts), Kunming Xinwei in China (walnuts) and
the Union of Vostizza in Greece (currants). Chelmer Foods regularly audit our
approved suppliers. Many of these are BRC, HACCP and ISO accredited and are
approved by our major UK clients. The company's objective has always been to
work closely with its customer base in order to establish a clear understanding
of their requirements and specific needs. We ensure that all of their quality
and service demands are met. Part of this process includes product development,
in Chelmer Foods, our suppliers and buyers all contribute our collective
expertise to introduce innovations for the food industry. Over the best part of
20 years, Chelmer Foods Ltd has expanded to its present size. The company has a
strong financial base with an annual turnover in excess of Ă‚Â£50m and is
looking forward to expanding further as a key player in the food ingredients
industry. Registered Office: Excel House, 1 Hornminster Glen, Hornchurch,
Essex, RM11 3XL. VAT No: 594 8354 89 - Reg No: 2704138
Industry
Industry Food Processing
ANZSIC 2006: 1140 - Fruit and
Vegetable Processing
NACE 2002: 1533 - Processing
and preserving of fruit and vegetables not elsewhere classified
NAICS 2002: 3114 - Fruit and
Vegetable Preserving and Specialty Food Manufacturing
UK SIC 2003: 1533 - Processing
and preserving of fruit and vegetables not elsewhere classified
UK SIC 2007: 1039 - Other
processing and preserving of fruit and vegetables
US SIC 1987: 203 - Canned,
Frozen, and Preserved Fruits and Vegetables
Key Executives
|
Name |
Title |
|
Neil Logan |
National Sales Manager |
|
Marcus Philip Welch |
Secretary |
|
Andrew Shlyshen |
Technical Manager |
|
Paul Pleasant |
accountant |
|
Anthony Julian Smith |
Director |
Financial Summary
|
FYE: 31-Mar-2012 |
USD
(mil) |
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Registered No.(UK): 02704138
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6267523
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6281078
Corporate Overview
Location
220 Avenue West
Skyline 120
Great Notley
Braintree, CM77 7AA
Essex County
United Kingdom
Tel: 01376 343500
Web: www.chelmerfoods.com
Sales GBP(mil): 72.1
Assets GBP(mil): 16.0
Employees: 13
Fiscal Year End: 31-Mar-2012
Industry: Food Processing
Registered
Address:
Excel House
1 Hornminster Glen
Hornchurch, RM11 3XL
United Kingdom
Incorporation Date: 06-Apr-1992
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(UK): 02704138
Director: Anthony Julian Smith
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
1140 - Fruit and Vegetable Processing
NACE 2002 Codes:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
NAICS 2002 Codes:
3114 - Fruit and Vegetable Preserving and Specialty Food
Manufacturing
US SIC 1987:
203 - Canned, Frozen, and Preserved Fruits and Vegetables
UK SIC 2003:
1533 - Processing and preserving of fruit and vegetables not
elsewhere classified
UK SIC 2007:
1039 - Other processing and preserving of fruit and vegetables
Business
Description
Importers and distribution of edible nuts and dried fruit.
More Business
Descriptions
Chelmer Foods
Limited was established in 1992 by Mr. Roger Weaire, currently our Managing
Director, to import and distribute dried fruits and edible nuts. The strength
of the company has been built upon its strong partnerships with leading
exporters from around the world. The company sources and supplies product from
over 20 countries and with this wide range of options we can offer products
from our supplier base to suit the needs of most manufacturers and packers
within the UK and EU. Chelmer Foods has developed relationships with suppliers
and key amongst them are our two dried fruit suppliers in Turkey; Taris Uzum
are one of the oldest and largest Sultana/Raisin packers in the world whilst
Messrs Ozgur Tarim have recently invested in a brand new factory incorporating
the latest scanning and processing equipment. Also in Turkey, we source dried
Apricots, using quality suppliers including Akbas and Gungor Tarim. Around the
world, some of our other supplier-partners include Boghosian Raisin Packing in
California (dried fruits), AgraCom in Chile (dried fruits), Bokomo Foods in
South Africa (dried fruits), Unity Foods in Thailand (tropical fruits), S.A.
Silva in Sri Lanka (coconut), Amar Singh in India (walnuts), Kunming Xinwei in
China (walnuts) and the Union of Vostizza in Greece (currants). Chelmer Foods
regularly audit our approved suppliers. Many of these are BRC, HACCP and ISO
accredited and are approved by our major UK clients. The company's objective
has always been to work closely with its customer base in order to establish a
clear understanding of their requirements and specific needs. We ensure that
all of their quality and service demands are met. Part of this process includes
product development, in Chelmer Foods, our suppliers and buyers all contribute
our collective expertise to introduce innovations for the food industry. Over
the best part of 20 years, Chelmer Foods Ltd has expanded to its present size.
The company has a strong financial base with an annual turnover in excess of
Ă‚Â£50m and is looking forward to expanding further as a key player in the food
ingredients industry. Registered Office: Excel House, 1 Hornminster Glen,
Hornchurch, Essex, RM11 3XL. VAT No: 594 8354 89 - Reg No: 2704138
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Executive report
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01376
343500 |
Annual Return Date: 06
Apr 2012 |
|
Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
13 Jan 1968 |
220 Avenue West, Skyline 120 Business Park, |
01 Sep 2004 |
NA |
Current:4 |
|
|
|
Current |
28 Mar 1945 |
11 Mallard Way, Pride Park, |
06 Apr 1993 |
NA |
Current:2 |
|
|
|
Current |
22 Mar 1965 |
Excel House, 1 Hornminster Glen, |
07 Apr 2010 |
NA |
Current:1 |
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|
|
Current |
05 Apr 1978 |
Excel House, 1 Hornminster Glen, |
01 Sep 2004 |
NA |
Current:2 |
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|
|
Previous |
07 Oct 1944 |
Gimslea, 17 High Elms Road, |
NA |
20 Nov 1992 |
Current:0 |
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|
Previous |
30 Aug 1947 |
Excel House, 1 Hornminster Glen, |
07 Apr 2010 |
06 Apr 2011 |
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 |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
13 Jan 1968 |
220 Avenue West, Skyline 120 Business Park, |
31 Jan 2007 |
NA |
Current:4 |
|
|
|
Previous |
02 Oct 1943 |
2 Blackwater Way, |
06 Apr 1992 |
31 Jan 2007 |
Current:0 |
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Corporate Secretaries |
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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 |
|
R A Weaire |
1000 Ordinary GBP 1.00 |
Ordinary |
1,000 |
1.00 |
1,000.00 |
100.00 |
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Corporate Shareholders |
|
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There are no corporate shareholders for this company. |
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Annual profit & loss
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) |
113.4 |
- |
- |
- |
- |
|
Turnover (Exports) |
1.7 |
- |
- |
- |
- |
|
Total Turnover |
115.0 |
- |
71.8 |
- |
- |
|
Cost of Sales |
110.6 |
- |
67.9 |
- |
- |
|
Gross Profit |
4.4 |
4.2 |
3.9 |
2.5 |
2.8 |
|
Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Expenses |
1.8 |
2.1 |
1.8 |
1.3 |
1.7 |
|
Operating Profit |
- |
2.1 |
- |
1.2 |
1.2 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.2 |
0.0 |
0.0 |
0.1 |
0.1 |
|
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 |
2.4 |
2.1 |
2.1 |
1.1 |
1.1 |
|
Tax Payable / Credit |
0.7 |
0.6 |
0.6 |
0.3 |
0.3 |
|
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 |
1.8 |
1.5 |
1.5 |
0.8 |
0.8 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Non Audit Fees |
0.0 |
- |
0.0 |
- |
- |
|
Number of Employees |
13 |
16 |
12 |
10 |
11 |
|
Wages |
1.1 |
1.3 |
1.1 |
0.8 |
1.1 |
|
Social Security Costs |
0.1 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Pensions |
0.1 |
0.1 |
- |
- |
0.1 |
|
Other Pension Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees Remuneration |
1.4 |
1.6 |
1.3 |
1.0 |
1.3 |
|
Directors Emoluments |
- |
- |
- |
- |
0.6 |
|
Other Costs |
0.4 |
0.7 |
- |
- |
0.0 |
|
Directors Remuneration |
0.5 |
0.8 |
0.7 |
0.5 |
0.7 |
|
Highest Paid Director |
0.1 |
0.0 |
0.3 |
0.2 |
0.3 |
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 |
0.6 |
0.7 |
0.6 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
0.7 |
0.8 |
0.7 |
0.0 |
0.0 |
|
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 |
0.7 |
0.8 |
0.7 |
0.0 |
0.0 |
|
Stocks |
10.0 |
12.9 |
6.4 |
4.7 |
7.7 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
10.0 |
12.9 |
6.4 |
4.7 |
7.7 |
|
Trade Debtors |
14.4 |
16.3 |
9.1 |
8.6 |
10.5 |
|
Inter-Company Debtors |
- |
- |
- |
0.0 |
0.0 |
|
Director Loans |
- |
- |
- |
0.0 |
0.0 |
|
Other Debtors |
0.2 |
0.4 |
0.2 |
0.1 |
0.0 |
|
Total Debtors |
14.6 |
16.7 |
9.3 |
8.6 |
10.5 |
|
Cash and Equivalents |
0.2 |
0.3 |
0.5 |
0.9 |
1.3 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
24.7 |
29.9 |
16.1 |
14.3 |
19.4 |
|
Total Assets |
25.5 |
30.6 |
16.9 |
14.3 |
19.4 |
|
Trade Creditors |
11.2 |
18.1 |
8.4 |
8.9 |
10.6 |
|
Bank Overdraft |
2.9 |
3.2 |
0.9 |
0.0 |
1.9 |
|
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 |
0.3 |
|
Corporation Tax |
0.7 |
0.6 |
0.5 |
0.2 |
0.3 |
|
Other Current Liabilities |
0.4 |
0.0 |
0.1 |
0.1 |
0.2 |
|
Total Current Liabilities |
15.2 |
21.9 |
10.1 |
9.3 |
13.4 |
|
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 |
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
10.2 |
8.7 |
6.8 |
5.0 |
6.0 |
|
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 |
10.2 |
8.7 |
6.8 |
5.0 |
6.0 |
|
Net Worth |
10.2 |
8.7 |
6.8 |
5.0 |
6.0 |
Annual Cash Flows
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 |
1.0 |
-1.8 |
-0.4 |
2.0 |
0.8 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Taxation |
-0.6 |
-0.5 |
-0.3 |
-0.2 |
-0.3 |
|
Capital Expenditures |
0.0 |
0.0 |
-0.7 |
0.0 |
0.0 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-0.2 |
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 |
0.2 |
-2.5 |
-1.4 |
1.6 |
0.5 |
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 |
1.62 |
1.36 |
1.60 |
1.54 |
1.45 |
|
Liquidity Ratio |
0.97 |
0.77 |
0.97 |
1.03 |
0.88 |
|
Stock Turnover |
11.52 |
- |
10.77 |
- |
- |
|
Credit Period (Days) |
45.90 |
- |
48.39 |
- |
- |
|
Working Capital by Sales |
8.28% |
- |
8.88% |
- |
- |
|
Trade Credit by Debtors |
0.78 |
1.11 |
0.93 |
1.03 |
1.01 |
|
Return on Capital |
23.82% |
24.26% |
29.30% |
18.45% |
18.17% |
|
Return on Assets |
9.58% |
6.90% |
11.81% |
6.50% |
5.63% |
|
Profit Margin |
2.13% |
- |
2.91% |
- |
- |
|
Return on Shareholders Funds |
23.92% |
24.39% |
29.47% |
18.49% |
18.17% |
|
Borrowing Ratio |
28.90% |
37.26% |
13.33% |
- |
31.10% |
|
Equity Gearing |
40.03% |
28.29% |
40.07% |
35.18% |
30.97% |
|
Interest Coverage |
13.52 |
44.50 |
62.83 |
11.98 |
12.36 |
|
Sales by Tangible Assets |
154.97 |
- |
94.46 |
- |
- |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.2 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Sales per Employee |
8.8 |
- |
5.7 |
- |
- |
|
Capital Employed per Employee |
0.8 |
0.5 |
0.6 |
0.5 |
0.5 |
|
Tangible Assets per Employee |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Total Assets per Employee |
2.0 |
1.9 |
1.4 |
1.4 |
1.8 |
|
Employee Remuneration by Sales |
1.18% |
- |
1.82% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
37.02 |
- |
47.59 |
- |
- |
|
Creditor Days (Sales Based) |
35.59 |
- |
45.01 |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.84 |
|
UK Pound |
1 |
Rs.81.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.