MIRA INFORM REPORT

 

 

Report Date :

03.07.2013

 

IDENTIFICATION DETAILS

 

Name :

POUNDWORLD RETAIL LTD.

 

 

Registered Office :

Axis 62 Foxbridge Way, Normanton Industrial Estate, Normanton, WF6 1TN

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2012

 

 

Date of Incorporation :

29.01.1988

 

 

Com. Reg. No.:

02215564

 

 

Legal Form :

Private Parent

 

 

Line of Business :

Leading single price retailers (Grocery Stores)

 

 

No. of Employees :

3,428

 

 

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 – 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

 

 

UK - 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 & address

 

POUNDWORLD RETAIL LTD.

                                                                                                                                                              

 

Unit 11

Manchester, M8 8EP

United Kingdom

(Registered Address)

 

Tel:             01924 420260

 Website:  www.poundworld.net

 

 

SYNTHESIS

 

Employees:                               3,428

Company Type:                         Private Parent

Corporate Family:                      2 Companies

Quoted Status:                          Non-quoted Company

Incorporation Date:         29-Jan-1988

Auditor:                                     KPMG LLP

Financials in:                             USD (mil)

Fiscal Year End:                        31-Mar-2012

Reporting Currency:                   British Pound Sterling

Annual Sales:                            329.4  1

Net Income:                              2.7

Total Assets:                             97.3

 

 

Business Description

      

 

Family-owned Poundworld, is one of the UK's leading single price retailers. The Yorkshire-based company was launched in 2004 after rebranding from Everything's a £1 and now has over 180 stores nationwide. The brand plans to open a further 200 stores in the next five years. Poundworld currently employs a combined distribution, office and retail team of over 5100 employees. Other Poundworld brands In 2010, Poundworld launched its multi-price brand, DiscountUK, opening its first store in Leeds City Centre. Discount UK now has over 30 stores across the UK and plans to open another 100 stores in the next five years. In November 2011, Poundworld launched their convenience format store, Poundworld Express in Wakefield and now has 7 Express stores in the UK. Our Aims The core aim of our business is to offer a value alternative to other high-street retailers coupled with a modern and fresh shopping experience. With massive savings on leading brands such as Cadbury's, Coca Cola and Johnson's, Poundworld offers over 5,000 products for the purse friendly price of £1. The vast range includes household essentials, cleaning, toiletries and groceries, making it ideal for local shoppers looking to cut the cost of their everyday shop. Press & Media For any media enquiries, please contact the Poundworld press office on 0113 243 1117 or email poundworld@lucre.co.uk MARKETING For any marketing enquiries, please email the Poundworld Marketing team on marketing@poundworldretail.co.uk

 

Industry

 

 

Industry                 Retail (Grocery)

ANZSIC 2006:        4279 - Other Store-Based Retailing Not Elsewhere Classified

NACE 2002:          5212 - Other retail sale in non-specialised stores

NAICS 2002:          4451 - Grocery Stores

UK SIC 2003:         5212 - Other retail sale in non-specialised stores

UK SIC 2007:         4719 - Other retail sale in non-specialised stores

US SIC 1987:         5399 - Miscellaneous General Merchandise Stores

 

                           

Key Executives

 

Name

Title

Lawrence Edwards

Secretary

Mark Ward

Operations Director

Christopher Edwards

Director

 

 

 

News

 

Title

Date

Poundworld partnership
Hull Daily Mail (UK) (205 Words)

24-Jun-2013

Funding deal to support Poundworld growth
Company and Organization Website News (215 Words)

19-Jun-2013

Poundworld moves to Barclays
ENP Newswire (397 Words)

19-Jun-2013

UK retailer Poundworld plans 100 stores, secures funds from Barclays
Retail Business Review (157 Words)

19-Jun-2013

United Kingdom : Poundworld moves to Barclays
TendersInfo News (361 Words)

19-Jun-2013

Poundworld moves to Barclays
Company and Organization Website News (1193 Words)

18-Jun-2013

 

 

Financial Summary

 

FYE: 31-Mar-2012

USD (mil)

Key Figures

 

Current Assets

60.52

Fixed Assets

36.80

Total Liabilities

75.04

Net Worth

12.25

 

Key Ratios

 

Current Ratio

0.81

Acid Test

0.22

Registered No.(UK): 02215564

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
Unit 11
Manchester, M8 8EP
Greater Manchester County
United Kingdom

 

Tel: 01924 420260

 

Website :www.poundworld.net

 

Sales GBP(mil):             206.5

Assets GBP(mil):           61.1

Employees:                   3,428

Fiscal Year End:            31-Mar-2012

 

Industry:                        Retail (Grocery)

 

Registered Address:
Axis 62 Foxbridge Way
Normanton Industrial Estate
Normanton, WF6 1TN
United Kingdom

 

Incorporation Date:           29-Jan-1988

Company Type:                Private Parent

Quoted Status:                 Not Quoted

Registered No.(UK):          02215564

 

Secretary:                       Lawrence Edwards

 

 

 

 

Industry Codes

 

ANZSIC 2006 Codes:

4279

-

Other Store-Based Retailing Not Elsewhere Classified

 

NACE 2002 Codes:

5212

-

Other retail sale in non-specialised stores

 

NAICS 2002 Codes:

4451

-

Grocery Stores

 

US SIC 1987:

5399

-

Miscellaneous General Merchandise Stores

 

UK SIC 2003:

5212

-

Other retail sale in non-specialised stores

 

UK SIC 2007:

4719

-

Other retail sale in non-specialised stores

 

 

Business Description

 

Retailing.

 

 

More Business Descriptions

Family-owned Poundworld, is one of the UK's leading single price retailers. The Yorkshire-based company was launched in 2004 after rebranding from Everything's a £1 and now has over 180 stores nationwide. The brand plans to open a further 200 stores in the next five years. Poundworld currently employs a combined distribution, office and retail team of over 5100 employees. Other Poundworld brands In 2010, Poundworld launched its multi-price brand, DiscountUK, opening its first store in Leeds City Centre. Discount UK now has over 30 stores across the UK and plans to open another 100 stores in the next five years. In November 2011, Poundworld launched their convenience format store, Poundworld Express in Wakefield and now has 7 Express stores in the UK. Our Aims The core aim of our business is to offer a value alternative to other high-street retailers coupled with a modern and fresh shopping experience. With massive savings on leading brands such as Cadbury's, Coca Cola and Johnson's, Poundworld offers over 5,000 products for the purse friendly price of £1. The vast range includes household essentials, cleaning, toiletries and groceries, making it ideal for local shoppers looking to cut the cost of their everyday shop. Press & Media For any media enquiries, please contact the Poundworld press office on 0113 243 1117 or email poundworld@lucre.co.uk MARKETING For any marketing

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Revenue:

206.5

Net Income:

1.7

Assets:

61.1

Current Assets:

38.0

 

Fixed Assets:

23.1

 

Long Term Debt:

6.1

 

Total Liabilities:

53.2

 

Issued Capital:

0.1

 

Working Capital:

-9.1

 

Net Worth:

7.7

 

 

 

Date of Financial Data:

31-Mar-2012

 

1 Year Growth

55.3%

NA

NA

 

 

Key Corporate Relationships

 

Auditor:

KPMG LLP

 

Auditor:

KPMG LLP

 

Auditor History

KPMG LLP

31-Mar-2012

Clough & Co. LLP

31-Mar-2011

Clough And Co. LLP

31-Mar-2010

Clough And Co. LLP

31-Mar-2009

Clough And Co LLP

31-Mar-2008

 

 

 

GBP(mil)

Audit Fees:

0.1

Non Audit Fees:

0.3

Audit Fiscal Year:

03-31-2012

 

 

Gazette Status

 

Description

Action Date

Publication

Publication Date

Striking Off Notice Discontinued

31-Oct-2012

 

01-Nov-2012

Striking Off Notice

23-Oct-2012

 

30-Oct-2012

 

 

 

 

CORPORATE FAMILY

CORPORATE STRUCTURE NEWS:

 

Poundworld Retail Ltd.

Poundworld Retail Ltd.
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Poundworld Retail Ltd.

Parent

Manchester

United Kingdom

Retail (Grocery)

329.4

3,428

Poundworld Retail Ltd.

UK Branch/Trading address

Normanton

United Kingdom

Miscellaneous Financial Services

329.4

17

 

Executives Report

 

 

 

 

 

Board of Directors

 

 

Name

Title

Function

 

Lawrence Edwards

 

Secretary

Director/Board Member

 

Age: 60

 

Christopher Edwards

 

Director

Director/Board Member

 

 

Age: 63

 

 

 

Executives

 

 

Name

Title

Function

 

Christopher Edwards

 

Director

Managing Director

 

Age: 63

 

Mark Ward

 

Operations Director

Operations Executive

 

 

Lawrence Edwards

 

Secretary

Company Secretary

 

 

Age: 60

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Unit 11
Manchester
United Kingdom M8 8EP

Tel: 01924 420260
URL: http://www.poundworld.net/

Annual Return Date: 30 Jun 2012
Total Issued Capital (GBP 000): 80

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Christopher
Edwards

Current

02 Jun 1950

464 Aberford Road Stanley,
Wakefield, West Yorkshire WF3 4AG

12 Jul 1991

NA

Current:9
Previous:1
Disqualifications:0

 

Lawrence
Edwards

Current

12 Apr 1953

20 The Wheatings,
Ossett, West Yorkshire WF5 0QQ

12 Jul 1991

NA

Current:9
Previous:0
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

 

Lawrence
Edwards

Current

12 Apr 1953

20 The Wheatings,
Ossett, West Yorkshire WF5 0QQ

19 Dec 1997

NA

Current:9
Previous:0
Disqualifications:0

 

Patricia Ann
Watson

Previous

NA

2 Parkfields, 21 Park Road,
Bradford, West Yorkshire BD3 7JG

12 Jul 1991

19 Dec 1997

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Christopher Edwards

30000 Ordinary GBP 1.00

Ordinary

30,000

1.00

30,000.00

37.50

Christopher Edwards Jnr

20000 Ordinary GBP 1.00

Ordinary

20,000

1.00

20,000.00

25.00

Lawrence Edwards

30000 Ordinary GBP 1.00

Ordinary

30,000

1.00

30,000.00

37.50

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

News

 

Poundworld partnership
Hull Daily Mail (UK) (205 Words)

24-Jun-2013

Funding deal to support Poundworld growth
Company and Organization Website News (215 Words)

19-Jun-2013

Poundworld moves to Barclays
ENP Newswire (397 Words)

19-Jun-2013

UK retailer Poundworld plans 100 stores, secures funds from Barclays
Retail Business Review (157 Words)

19-Jun-2013

United Kingdom : Poundworld moves to Barclays
TendersInfo News (361 Words)

19-Jun-2013

Poundworld moves to Barclays
Company and Organization Website News (1193 Words)

18-Jun-2013

Poundworld hire forges in-house legal team
Lawyer, The (109 Words)

15-Oct-2012

Poundworld launches in-house team with hire of Costcutter legal head
The Lawyer (148 Words)

10-Oct-2012

Picton Property Income Limited Final Results
ADVFN UK (10155 Words)

11-Jul-2012

Picton Property Income Limited - Final Results
Morningstar UK (10360 Words)

11-Jul-2012

Picton Prop Inc Ltd : Final Results
Investegate (10340 Words)

11-Jul-2012

 

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)

329.4

206.6

149.2

113.0

100.4

Turnover (Exports)

0.0

0.0

0.0

0.0

0.0

Total Turnover

329.4

206.6

149.2

113.0

100.4

Cost of Sales

201.7

124.6

92.8

67.5

58.5

Gross Profit

127.7

82.0

56.3

45.5

41.9

Depreciation

6.1

3.6

2.7

2.2

2.2

Other Expenses

120.1

73.5

54.2

43.0

39.0

Operating Profit

-

8.5

-

-

-

Other Income

0.0

0.0

0.0

0.1

0.1

Interest Paid

0.4

0.4

0.2

0.3

0.4

Exceptional Income

-2.6

0.0

-0.1

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

4.5

8.1

1.9

2.3

2.7

Tax Payable / Credit

1.4

2.7

0.9

0.9

1.0

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.4

0.4

0.2

0.2

0.7

Profit After Taxes

2.7

5.1

0.8

1.2

0.9

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.1

0.0

0.0

0.0

0.0

Non Audit Fees

0.4

0.0

-

0.0

0.0

Number of Employees

3,428

2,009

1,527

1,175

764

Wages

50.4

29.3

21.0

16.3

15.8

Social Security Costs

2.5

1.8

1.3

1.0

1.0

Pensions

1.6

0.0

1.6

-

-

Other Pension Costs

1.6

0.0

1.6

0.0

0.0

Employees Remuneration

54.5

31.1

23.9

17.3

16.8

Directors Emoluments

0.1

-

-

-

-

Other Costs

0.0

0.0

0.0

-

-

Directors Remuneration

1.7

0.0

1.6

0.0

0.1

Highest Paid Director

0.1

0.0

0.0

-

-

 

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

4.8

-

-

-

1.3

Fixtures & Fittings

31.9

-

-

-

8.1

Plant & Vehicles

0.0

-

-

-

0.0

Total Tangible Fixed Assets

36.8

23.1

12.3

8.3

9.4

Intangible Assets

0.0

0.0

0.1

0.1

0.2

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

36.8

23.1

12.4

8.4

9.6

Stocks

43.7

32.4

15.5

10.0

-

Work in Progress

0.0

0.0

0.0

0.0

-

Total Stocks Work In Progress

43.7

32.4

15.5

10.0

11.4

Trade Debtors

2.5

1.1

0.8

0.2

0.1

Inter-Company Debtors

0.5

0.6

0.5

0.5

0.2

Other Debtors

9.4

5.4

1.6

1.2

2.5

Total Debtors

12.4

7.0

2.9

1.8

2.7

Cash and Equivalents

4.5

6.2

3.8

3.7

1.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

60.5

45.6

22.2

15.6

15.2

Total Assets

97.3

68.7

34.6

24.1

24.8

Trade Creditors

34.8

20.9

11.6

8.1

9.1

Bank Overdraft

15.7

14.8

11.0

8.1

6.7

Inter-Company Creditors

0.0

0.0

-

0.0

0.0

Director Loans (Current Liability)

3.2

1.6

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

0.0

Accruals/Deferred Income (Current Liability)

18.4

13.2

2.9

0.7

0.5

Social Security/VAT

1.6

0.6

0.5

0.6

0.7

Corporation Tax

0.4

2.5

1.5

0.8

1.0

Other Current Liabilities

0.9

2.6

0.5

0.3

0.4

Total Current Liabilities

75.0

56.1

27.9

18.5

18.5

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)

9.7

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

9.7

0.0

0.0

0.0

0.0

Deferred Taxation

0.3

0.8

0.5

0.3

0.5

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.3

0.8

0.5

0.3

0.5

Issued Capital

0.1

0.1

0.1

0.1

0.2

Share Premium Accounts

0.0

0.0

0.6

0.6

0.8

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

12.1

11.7

5.5

4.4

4.7

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

12.2

11.8

6.2

5.2

5.7

Net Worth

12.2

11.7

6.1

5.0

5.5

 

 

 

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

23.9

14.8

4.2

5.1

5.4

Net Cash Flow from ROI and Servicing of Finance

-0.4

-0.4

-0.2

-0.3

-0.4

Taxation

-3.1

-1.6

0.0

-0.8

-0.5

Capital Expenditures

-22.6

-13.4

-6.4

-4.0

-4.1

Acquisitions and Disposals

0.0

0.0

0.0

0.0

0.0

Paid Up Equity

-0.4

-0.4

-0.2

-0.2

-0.7

Management of Liquid Resources

0.0

0.0

0.0

0.0

0.0

Net Cash Flow From Financing

3.1

3.1

2.5

0.0

-0.1

Increase in Cash

0.3

2.2

-0.2

-0.3

-0.3

 

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

0.81

0.81

0.80

0.84

0.82

Liquidity Ratio

0.22

0.24

0.24

0.30

0.20

Stock Turnover

7.53

6.58

9.17

9.56

8.74

Credit Period (Days)

2.78

1.84

2.09

0.64

0.34

Working Capital by Sales

-4.42%

-4.94%

-4.01%

-3.06%

-3.35%

Trade Credit by Debtors

13.91

19.52

14.19

48.53

99.73

Return on Capital

20.36%

66.63%

26.82%

35.42%

41.97%

Return on Assets

4.66%

12.21%

5.18%

8.11%

10.61%

Profit Margin

1.38%

3.94%

1.26%

2.03%

2.64%

Return on Shareholders Funds

37.03%

71.12%

28.89%

37.78%

45.82%

Borrowing Ratio

154.21%

139.47%

179.52%

160.81%

122.72%

Equity Gearing

12.59%

17.16%

17.95%

21.47%

23.16%

Interest Coverage

10.83

21.31

9.71

6.59

6.86

Sales by Tangible Assets

8.93

9.24

11.55

11.53

10.61

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

0.1

0.1

0.1

0.1

0.1

Capital Employed per Employee

0.0

0.0

0.0

0.0

0.0

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.0

0.0

0.0

0.0

0.0

Employee Remuneration by Sales

16.53%

15.05%

16.05%

15.32%

16.76%

Creditor Days (Cost of Sales Based)

63.05

59.42

47.71

51.78

57.42

Creditor Days (Sales Based)

38.61

35.83

29.69

30.93

33.45

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.41

UK Pound

1

Rs.90.38

Euro

1

Rs.77.60

 

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%)

 

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.