MIRA
INFORM REPORT
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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
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Name : |
CARGILL COTTON LTD. |
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Registered Office : |
Knowle Hill Park, Fairmile Lane, Cobham, KT11 2PD |
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Country : |
United Kingdom |
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Financials (as on) : |
31.05.2012 |
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Date of Incorporation : |
15.09.2005 |
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Com. Reg. No.: |
05564843 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
provider of
agricultural, food and risk management products and services |
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No. of Employees : |
30 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 – March 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
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 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
Cargill Cotton Ltd.
12 Princes Parade
Liverpool, L3 1BG
United Kingdom
(Trading Address)
Registered Address
Tel: 01512427500
Fax: 01932576256
Synthesis
Employees: 30
Company Type: Private Subsidiary
Corporate Family: 20
Companies
Ultimate Parent: Cargill Uk Holdings Ltd.
Quoted Status: Non-quoted Company
Incorporation Date:
15-Sep-2005
Auditor: KPMG LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-May-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 740.2
1
Net Income: (32.6)
Total Assets: 265.8
Business Description
Cargill Cotton Ltd. is a provider of agricultural, food and risk management products and services. The company owns and operates a number of buying, selling and shipping offices and cotton gins and warehouses. It offers total supply chain support in the areas of finance, logistics, risk management and stringent quality control. It also supplies foreign cotton to the Chinese textile industry. The company additionally serves various growers, ginners, buyers, retailers and textile mills worldwide. (Updated by OneSource Information Services)
Industry
Industry Crops
ANZSIC 2006: 014 - Sheep, Beef
Cattle and Grain Farming
NACE 2002: 0111 - Growing of
cereals and other crops not elsewhere classified
NAICS 2002: 1119 - Other Crop
Farming
UK SIC 2003: 0111 - Growing of
cereals and other crops not elsewhere classified
UK SIC 2007: 0111 - Growing of
cereals (except rice), leguminous crops and oil seeds
US SIC 1987: 011 - Cash Grains
Key Executives
|
Name |
Title |
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Clare Jones |
Global Logistics Manager |
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Robin David Thurston |
Secretary |
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Jillian Winder |
IT & Communications Analyst |
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Stephen James Hamilton |
Director |
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Paul Kinney |
Director |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6291588
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6443334
Corporate Overview
Location
12 Princes Parade
Liverpool, L3 1BG
Merseyside County
United Kingdom
Tel: 01512427500
Fax: 01932576256
Sales GBP(mil): 465.7
Assets GBP(mil): 171.3
Employees: 30
Fiscal Year End: 31-May-2012
Industry: Crops
Registered
Address:
Knowle Hill Park
Fairmile Lane
Cobham, KT11 2PD
United Kingdom
Incorporation Date: 15-Sep-2005
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 05564843
Director: Stephen James Hamilton
Industry Codes
ANZSIC 2006 Codes:
014 - Sheep, Beef Cattle and Grain Farming
NACE 2002 Codes:
0111 - Growing of cereals and other crops not elsewhere classified
NAICS 2002 Codes:
1119 - Other Crop Farming
US SIC 1987:
011 - Cash Grains
UK SIC 2003:
0111 - Growing of cereals and other crops not elsewhere classified
UK SIC 2007:
0111 - Growing of cereals (except rice), leguminous crops and oil
seeds
Business
Description
Cargill Cotton
Ltd. is a provider of agricultural, food and risk management products and
services. The company owns and operates a number of buying, selling and
shipping offices and cotton gins and warehouses. It offers total supply chain
support in the areas of finance, logistics, risk management and stringent
quality control. It also supplies foreign cotton to the Chinese textile
industry. The company additionally serves various growers, ginners, buyers,
retailers and textile mills worldwide. (Updated by OneSource Information
Services)
More Business Descriptions
Commodity Brokers
We are present in
every cotton producing and consuming region of the world through our
merchandising, ginning and warehousing operations. In Africa, our gins give us
access to some of the finest hand-picked cottons in the world and in the United
States our warehousing capacity exceeds 500,000 bales, assuring our customers
throughout the world of efficient and reliable shipments. And, our
merchandising of over 5 million bales annually gains revenues for our company
of over one billion US dollars in most years. Cargill Cotton's reputation for
quality, reliability, size and leadership is unrivaled in the world cotton
industry. Cargill is supporting the need to produce cotton sustainably and is
supporting activities to improve agricultural working practices, help farmers
increase their incomes and deliver benefits to local communities. Click here to
read more about sustainable cotton production... We are available to every time
zone in the world through our major merchandising offices in Memphis and
Liverpool and our other offices in over a dozen countries and agencies in over
40. There is nowhere cotton is traded where we do not have a presence and there
is no language in which it is traded that we are not fluent. Cargill Cotton
merchants travel the world to establish and nurture relationships with
producers and consumers of cotton. The Cargill team of merchants typically
visits over 50 countries each year in our relentless pursuit of new ways to
satisfy our customers and obtain the best possible arrangements for our
business partners. Our operations staff is constantly striving to achieve new
levels of excellence in logistics, including the movement of cotton by trains,
trucks, cargo ships, and every possible combination of those means of transportation.
In bulk, in containers, and in wagons, we move cotton from where it is grown to
where it is consumed. Sometimes that may be only a few meters and other times
it may be moving halfway around the world.
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Corporate Family |
Corporate
Structure News: |
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Cargill
Uk Holdings Ltd. |
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Cargill Cotton Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Cobham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Cobham |
United Kingdom |
Retail (Department and Discount) |
2,189.0 |
761 |
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Subsidiary |
Leominster |
United Kingdom |
Fish and Livestock |
703.3 |
2,162 |
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Subsidiary |
Cobham |
United Kingdom |
Investment Services |
|
757 |
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UK Branch/Trading address |
Manchester |
United Kingdom |
Food Processing |
2,189.0 |
286 |
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Subsidiary |
Liverpool |
United Kingdom |
Crops |
740.2 |
30 |
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UK Branch/Trading address |
Hull |
United Kingdom |
Food Processing |
2,189.0 |
25 |
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Subsidiary |
Hereford |
United Kingdom |
Food Processing |
4.0 |
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Subsidiary |
Hereford |
United Kingdom |
Business Services |
2.6 |
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Subsidiary |
Hereford |
United Kingdom |
Food Processing |
1.8 |
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Subsidiary |
Hereford |
United Kingdom |
Food Processing |
1.6 |
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Subsidiary |
Cobham |
United Kingdom |
Business Services |
1.6 |
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Subsidiary |
Hereford |
United Kingdom |
Food Processing |
1.6 |
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Subsidiary |
Cobham |
United Kingdom |
Fish and Livestock |
1.6 |
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Subsidiary |
Hereford |
United Kingdom |
Business Services |
1.5 |
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Subsidiary |
Newent |
United Kingdom |
Construction Services |
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Subsidiary |
Newent |
United Kingdom |
Food Processing |
72.1 |
163 |
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Subsidiary |
Cobham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Cobham |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Cobham |
United Kingdom |
Fish and Livestock |
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executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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Global Logistics Manager |
Sales Executive |
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IT & Communications Analyst |
Corporate Communications Executive |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01512427500 |
Annual Return Date: 15
Sep 2012 |
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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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Josephine |
Current |
09 Feb 1973 |
Knowle Hill Park, Fairmile Lane, |
01 Jun 2010 |
NA |
Current:1 |
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Stephen James |
Current |
10 Jul 1969 |
Knowle Hill Park Fairmile Lane, |
09 May 2013 |
NA |
Current:6 |
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Paul |
Current |
01 Feb 1959 |
2 Prestwick Drive, |
30 Sep 2005 |
NA |
Current:1 |
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Current |
01 Mar 1951 |
Leigh House Leigh Place, |
15 Sep 2005 |
NA |
Current:53 |
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Previous |
27 Mar 1950 |
Knowle Hill Park Fairmile Lane, |
15 Sep 2005 |
09 May 2013 |
Current:0 |
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Previous |
24 Aug 1973 |
17 Blundellsands Road West, Blundellsands, |
30 Sep 2005 |
31 May 2010 |
Current:0 |
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Previous |
04 Jul 1956 |
Springfield, Plough Lane Christleton, |
30 Sep 2005 |
13 Apr 2012 |
Current:1 |
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Previous |
07 May 1972 |
3 Holm Hill, West Kirby, |
30 Sep 2005 |
12 Jan 2012 |
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 |
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Current |
01 Mar 1951 |
Leigh House Leigh Place, |
15 Sep 2005 |
NA |
Current:53 |
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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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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
01387437 |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
100.00 |
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-May-2012 |
31-May-2011 |
31-May-2010 |
31-May-2009 |
28-May-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.629159 |
0.634143 |
0.6282 |
0.61899 |
0.498849 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
- |
- |
574.3 |
- |
0.0 |
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Turnover (Exports) |
- |
- |
0.0 |
- |
407.4 |
|
Total Turnover |
740.2 |
598.3 |
574.3 |
311.6 |
407.4 |
|
Cost of Sales |
774.8 |
525.3 |
541.5 |
315.6 |
398.6 |
|
Gross Profit |
-34.7 |
73.0 |
32.9 |
-4.0 |
8.8 |
|
Depreciation |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Expenses |
8.7 |
29.9 |
8.6 |
6.9 |
7.8 |
|
Operating Profit |
-43.4 |
43.2 |
24.2 |
-10.9 |
0.9 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Interest Paid |
0.5 |
2.2 |
1.5 |
1.8 |
4.7 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit Before Taxes |
-43.8 |
40.9 |
22.8 |
-12.5 |
-3.5 |
|
Tax Payable / Credit |
-11.2 |
11.4 |
6.5 |
-3.3 |
-1.0 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
-32.6 |
29.5 |
16.3 |
-9.2 |
-2.5 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
- |
- |
0.1 |
|
Number of Employees |
30 |
29 |
31 |
34 |
37 |
|
Wages |
- |
2.1 |
4.0 |
3.0 |
3.0 |
|
Social Security Costs |
- |
0.1 |
0.7 |
0.6 |
0.7 |
|
Pensions |
0.0 |
0.0 |
0.0 |
1.2 |
0.0 |
|
Other Pension Costs |
- |
1.9 |
0.8 |
0.5 |
2.1 |
|
Employees Remuneration |
3.8 |
4.2 |
5.5 |
4.2 |
5.7 |
|
Directors Emoluments |
0.8 |
0.6 |
1.3 |
0.7 |
0.8 |
|
Other Costs |
0.0 |
1.2 |
0.8 |
0.0 |
0.5 |
|
Directors Remuneration |
0.8 |
1.8 |
2.1 |
2.0 |
1.4 |
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Highest Paid Director |
- |
1.4 |
- |
- |
0.9 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-May-2012 |
31-May-2011 |
31-May-2010 |
31-May-2009 |
28-May-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.644333 |
0.607552 |
0.688255 |
0.620136 |
0.504859 |
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Consolidated |
No |
No |
No |
No |
No |
|
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|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.1 |
0.1 |
0.2 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
0.0 |
0.0 |
0.1 |
0.1 |
0.2 |
|
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 |
0.0 |
0.0 |
0.1 |
0.1 |
0.2 |
|
Stocks |
- |
- |
- |
- |
23.7 |
|
Work in Progress |
- |
- |
- |
- |
0.0 |
|
Total Stocks Work In Progress |
57.2 |
227.2 |
87.1 |
29.6 |
23.7 |
|
Trade Debtors |
61.7 |
22.5 |
10.7 |
27.0 |
55.8 |
|
Inter-Company Debtors |
20.9 |
63.4 |
33.7 |
- |
20.1 |
|
Other Debtors |
126.0 |
17.3 |
18.0 |
52.2 |
8.0 |
|
Total Debtors |
208.6 |
103.2 |
62.4 |
79.2 |
84.0 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
265.8 |
330.4 |
149.5 |
108.9 |
107.7 |
|
Total Assets |
265.8 |
330.4 |
149.6 |
109.0 |
107.9 |
|
Trade Creditors |
12.1 |
9.5 |
7.7 |
12.3 |
11.2 |
|
Bank Overdraft |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Inter-Company Creditors |
119.6 |
206.4 |
83.9 |
- |
22.5 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
40.1 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
66.7 |
62.8 |
25.1 |
37.7 |
39.7 |
|
Social Security/VAT |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Corporation Tax |
0.0 |
11.8 |
1.0 |
0.0 |
0.0 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
61.4 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
259.9 |
290.5 |
117.7 |
90.1 |
73.4 |
|
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 |
5.9 |
39.9 |
31.9 |
18.9 |
34.5 |
|
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 |
5.9 |
39.9 |
31.9 |
18.9 |
34.5 |
|
Net Worth |
5.9 |
39.9 |
31.9 |
18.9 |
34.5 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-May-2012 |
31-May-2011 |
31-May-2010 |
31-May-2009 |
28-May-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.629159 |
0.634143 |
0.6282 |
0.61899 |
0.498849 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
89.2 |
-88.9 |
- |
- |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.4 |
-2.2 |
- |
- |
- |
|
Taxation |
-11.4 |
-1.2 |
- |
- |
- |
|
Capital Expenditures |
0.0 |
-25.9 |
- |
- |
- |
|
Acquisitions and Disposals |
0.0 |
0.0 |
- |
- |
- |
|
Paid Up Equity |
0.0 |
0.0 |
- |
- |
- |
|
Management of Liquid Resources |
0.0 |
0.0 |
- |
- |
- |
|
Net Cash Flow From Financing |
-77.4 |
118.2 |
- |
- |
- |
|
Increase in Cash |
0.0 |
0.0 |
- |
- |
- |
Annual Ratios
Financials in: USD (mil)
|
|
31-May-2012 |
31-May-2011 |
31-May-2010 |
31-May-2009 |
28-May-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.644333 |
0.607552 |
0.688255 |
0.620136 |
0.504859 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.02 |
1.14 |
1.27 |
1.21 |
1.47 |
|
Liquidity Ratio |
0.80 |
0.36 |
0.53 |
0.88 |
1.14 |
|
Stock Turnover |
12.64 |
2.75 |
6.02 |
10.49 |
16.97 |
|
Credit Period (Days) |
31.18 |
13.16 |
7.44 |
31.71 |
50.64 |
|
Working Capital by Sales |
0.81% |
6.39% |
6.07% |
6.02% |
8.51% |
|
Trade Credit by Debtors |
0.20 |
0.42 |
0.72 |
0.45 |
0.20 |
|
Return on Capital |
-730.38% |
107.00% |
65.18% |
-66.17% |
-10.03% |
|
Return on Assets |
-16.09% |
12.93% |
13.90% |
-11.46% |
-3.20% |
|
Profit Margin |
-5.92% |
6.84% |
3.97% |
-4.02% |
-0.86% |
|
Return on Shareholders Funds |
-730.38% |
107.00% |
65.18% |
-66.17% |
-10.03% |
|
Borrowing Ratio |
2,043.72% |
516.89% |
263.10% |
212.64% |
65.30% |
|
Equity Gearing |
2.20% |
12.09% |
21.33% |
17.32% |
31.95% |
|
Interest Coverage |
-97.01 |
18.36 |
15.64 |
-7.11 |
-0.75 |
|
Sales by Tangible Assets |
21,167.77 |
18,971.00 |
6,442.73 |
2,119.44 |
1,814.44 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.2 |
0.1 |
0.2 |
|
Profit per Employee |
-1.4 |
1.5 |
0.7 |
-0.4 |
-0.1 |
|
Sales per Employee |
24.1 |
21.5 |
16.9 |
9.1 |
10.9 |
|
Capital Employed per Employee |
0.2 |
1.4 |
1.0 |
0.6 |
0.9 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
8.9 |
11.4 |
4.8 |
3.2 |
2.9 |
|
Employee Remuneration by Sales |
0.51% |
0.69% |
0.96% |
1.34% |
1.41% |
|
Creditor Days (Cost of Sales Based) |
5.85 |
6.30 |
5.67 |
14.22 |
10.41 |
|
Creditor Days (Sales Based) |
6.12 |
5.53 |
5.35 |
14.40 |
10.18 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
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.