MIRA INFORM REPORT
|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SNELL LTD.
|
|
|
|
|
Registered Office : |
Hartman House, Danehill, Lower Earley, Reading, RG6 4PB |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
29.12.2012 |
|
|
|
|
Date of Incorporation : |
13.02.1974 |
|
|
|
|
Com. Reg. No.: |
01160119 |
|
|
|
|
Legal Form : |
Private Subsidiary Company |
|
|
|
|
Line of Business : |
Subject is engaged in design and development of
infrastructure solutions for digital media markets |
|
|
|
|
No. of Employees : |
368 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
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
Snell Ltd.
Hartman House
Danehill
Lower Earley
Reading, RG6 4PB
United Kingdom
Tel: 0118 986 6123
Fax: 44 1189755787
Web: www.snellgroup.com
Regional Offices
Southleigh Park House
Eastleigh Road
Havant Hampshire PO9 2PE,
United Kingdom
Synthesis
Employees: 368
Company Type: Private Subsidiary
Corporate Family: 16
Companies
Ultimate Parent: Snell
Corporation Ltd.
Quoted Status: Non-quoted
Company
Incorporation Date:
13-Feb-1974
Auditor: Ernst And Young LLP
Financials in: USD
(Millions)
Fiscal Year End:
29-Dec-2012
Reporting Currency: British
Pound Sterling
Annual Sales: 104.8
1
Net Income: 9.1
Total Assets: 84.1
Business Description
Snell & Wilcox Ltd. provides design and development of infrastructure solutions for digital media markets. The company's digital signal processing products include standard and format conversion, live production switching, infrastructure for digital, HDTV and IPTV broadcasting, video compression and content repurposing for a variety of content delivery platforms, such as broadcast, IPTV and mobile. It offers a full-range of products for HDTV, format and analog-to-digital products. Snell & Wilcox Ltd. provides a variety of standard definition and high-definition encoding and conversion platforms for file conversion and content repurposing applications.
More Business
Descriptions
Industry
Industry Computer Services
ANZSIC 2006: 7000 - Computer
System Design and Related Services
NACE 2002: 7260 - Other
computer related activities
NAICS 2002: 541519 - Other
Computer Related Services
UK SIC 2003: 7260 - Other
computer related activities
UK SIC 2007: 6209 - Other
information technology and computed service activities
US SIC 1987: 7379 - Computer
Related Services, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Paul Martin |
President |
|
Peter George Fredericks |
Finance Director |
|
Tim Banks |
Sales & Business Development Director |
|
Reece Percival |
IT Manager |
|
Richard Cheatle |
Health & Safety Manager |
Financial
Summary
|
||||||||||||||||||||||
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6313191
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6208044
Corporate Overview
Location
Hartman House
Danehill
Lower Earley
Reading, RG6 4PB
Berkshire County
United Kingdom
Tel: 0118 986 6123
Fax: 44 1189755787
Web: www.snellgroup.com
Sales GBP(mil): 66.1
Assets GBP(mil): 52.2
Employees: 368
Fiscal Year End: 29-Dec-2012
Industry: Computer
Services
Registered
Address:
Hartman House Danehill
Lower Earley
Reading, RG6 4PB
United Kingdom
Incorporation Date: 13-Feb-1974
Company Type : Private Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 01160119
President: Paul
Martin
Industry Codes
ANZSIC 2006 Codes:
7000 - Computer System Design and Related Services
NACE 2002 Codes:
7260 - Other computer related activities
NAICS 2002 Codes:
541519 - Other Computer Related Services
US SIC 1987:
7379 - Computer Related Services, Not Elsewhere Classified
UK SIC 2003:
7260 - Other computer related activities
UK SIC 2007:
6209 - Other information technology and computed service
activities
Business
Description
Snell & Wilcox
Ltd. provides design and development of infrastructure solutions for digital
media markets. The company's digital signal processing products include
standard and format conversion, live production switching, infrastructure for
digital, HDTV and IPTV broadcasting, video compression and content repurposing
for a variety of content delivery platforms, such as broadcast, IPTV and
mobile. It offers a full-range of products for HDTV, format and
analog-to-digital products. Snell & Wilcox Ltd. provides a variety of
standard definition and high-definition encoding and conversion platforms for
file conversion and content repurposing applications.
More Business Descriptions
Radio &
television broadcasting
Electronic
Equipment and Component Manufacture
Overview World
beating Production Switching whatever your requirements Overview Full Range How
to buy In the beginning there was Kahuna The world's first true multi-format
switcher. A striking technical achievement that took the world of production
switching by storm. It redefined what was possible, setting new benchmarks for
others to strive for, and perhaps most importantly of all - it was the
precursor for what was to follow .... A Revolution occurs in Production
Switching Kahuna 360 True 1080p processing, 3D DVE effects and up to a
staggering 42 keyers, notionally spread across up to 6 M/Es, the Kahuna 360 is
the world's most powerful production switcher. However, what really sets it
apart from it's peers is it's flexibility. With MakeM/E technology the
processing power can be re-assigned to create virtual M/Es, allowing a single
mainframe to operate as up to 16, effectively independent switchers, each
potentially with their own control surface. This unique ability allows you to
tailor your Kahuna 360 to your exact requirements now - and adapt your Kahuna
360 to any requirements you may have in the future. Kahuna 360 sets the
standard at the pinnacle of production switching, but the revolution doesn't
end there ... The Revolution radiates through the world of Live Production
Kahuna 360 Compact Based on the groundbreaking technology of Kahuna 360, the
Compact version retains the core functionality that makes Kahuna 360 uniquely
powerful and flexible, bringing the technology to more applications within live
production, by virtue of both it's smaller size and lower price. Now you can
have industry leading switcher performance even where space is limited, such as
in OB applications or flyaways. Kahuna 360 Compact has brought industry leading
performance to the mid size production arena, but that's not the end of the
story ... The Transformation of the industry continues Kahuna Flare Breaking
new ground as a mid-level switcher, Kahuna Flare brings industry leading
technology to the most cost sensitive environments, enabling less
'effects-heavy' applications to benefit from Kahuna production power and format
flexibility. Supporting full SD, HD and 1080p production, our Kahuna Flare
packages offer a simple and elegant, mid-range switcher solution. Kahuna
Customers don't just buy a switcher - they buy into an ideology Kahuna Customer
Services The Kahuna customer experience doesn't end with delivery and
installation. Kahuna Customers Services, encompassing outstanding care
packages, training, system health checks and the community experience within
Kahuna Club, make living with your Kahuna a uniquely satisfying experience.
Kahuna 360 The world's most advanced and flexible production switcher -
offering concurrent multi-format operation, allowing SD, HD and even 1080p
sources to be used seamlessly within the same production, delivering multiple
outputs in SD, HD and 1080p. Kahuna 360 Compact Kahuna 360 production power is
now available in a smaller frame, directly aimed at mid size production. 1080p,
3D DVE, MakeM/E flexibility - it's all there, in just 6RU, conveniently
packaged with a control surface and GUI control panel. Kahuna The original
multi-format production switcher. Seamless integration of SD and HD source
material into the same production. Kahuna 1M/E A 3RU, entry level variant of
the highly successful Kahuna multi-format production switcher. Kahuna CF+ 2M/E
2.5M/Es of Kahuna multi-format production switching in a 6RU frame. Kahuna
Software Creating elegant and enhanced live production workflows in conjunction
with Kahuna production switchers, including the Galaxy Event List for efficient
workflows within advanced productions. Kahuna Mosart By integrating Mosart with
Snell's leading Kahuna live production switcher, fully automated news
productions become streamlined future-proof solutions. Kahuna Club The Kahuna
Club is a one-stop support resource for owners and users of the Snell Kahuna
production switcher. It's here that we bring together all things Kahuna -
including the latest news, a knowledge base and a discussion forum. Find out
who your local sales contact is here. Alternatively, complete the online form
below and a Snell colleague will contact you shortly.
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Corporate Family |
Corporate
Structure News: |
|
|
Snell
Corporation Ltd. |
|
Snell Ltd. |
|
|
|
|
|
Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Reading |
United Kingdom |
Commercial Banks |
113.2 |
439 |
|
|
Subsidiary |
Reading |
United Kingdom |
Computer Services |
104.8 |
368 |
|
|
UK Branch/Trading address |
Saffron Walden |
United Kingdom |
Electronic Instruments and Controls |
104.8 |
30 |
|
|
Subsidiary |
Reading |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Reading |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Reading |
United Kingdom |
Communications Equipment |
|
|
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
75 |
|
|
Subsidiary |
Wokingham |
United Kingdom |
Commercial Banks |
0.0 |
5 |
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
UK Branch/Trading address |
Buckinghamshire |
United Kingdom |
Communications Equipment |
|
25 |
|
|
Subsidiary |
Reading |
United Kingdom |
Nonclassifiable Industries |
|
|
Executive report
|
Board of
Directors |
|
|
|
|
||||||
|
Director |
Director/Board Member |
|
||||||
|
|||||||||
|
Director |
Director/Board Member |
|
|
|||||
|
|||||||||
|
Executives |
|
|
|
|
||||
|
President |
President |
|
||||
|
Health & Safety Manager |
Environment/Safety Executive |
|
||||
|
|||||||
|
Finance Director |
Finance Executive |
|
|
|||
|
|||||||
|
HR Manager |
Human Resources Executive |
|
|
|||
|
Sales & Business Development Director |
Sales Executive |
|
|
|||
|
Marketing Manager |
Marketing Executive |
|
|
|||
|
IT Manager |
Information Executive |
|
|
|||
|
Chief Technical Officer |
Engineering/Technical Executive |
|
|
|||
Directors and Shareholders Report
|
Main Office Address: |
Tel: 0118
986 6123 |
Annual Return Date: 04
Oct 2012 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
12 Jul 1950 |
Whitehaven Norton Road, Riseley, |
26 Feb 2009 |
NA |
Current:20 |
|
|
|
Current |
NA |
Trevona, Ashtead Woods Road, |
14 Nov 2002 |
NA |
Current:14 |
|
|
|
Current |
25 Nov 1964 |
Lynmoor, Newmans Lane, |
02 Feb 2004 |
NA |
Current:14 |
|
|
|
Previous |
NA |
30 Beech Road, |
01 Sep 1993 |
16 May 1997 |
Current:0 |
|
|
|
Previous |
06 Jan 1954 |
Alison Cottage, The Reeds Road Frensham, |
04 Oct 1991 |
24 Apr 2002 |
Current:1 |
|
|
|
Previous |
22 Apr 1946 |
Kinley House Durford Wood, |
01 Apr 1992 |
28 Jul 2000 |
Current:0 |
|
|
|
Previous |
28 Mar 1940 |
Island House, Steep, |
04 Oct 1991 |
26 Feb 2009 |
Current:1 |
|
|
|
Previous |
16 Jan 1960 |
22428 Cupertino Road, Cupertino, |
05 Nov 1998 |
14 Jan 2000 |
Current:0 |
|
|
|
Previous |
24 Feb 1927 |
23 Mutton Oaks, Binfield, |
04 Oct 1991 |
28 Feb 2003 |
Current:0 |
|
|
|
Previous |
25 Jun 1953 |
19 Whitworth Lane, Loughton, |
28 Jun 1995 |
24 Feb 2004 |
Current:2 |
|
|
|
Previous |
22 Nov 1942 |
8 Milford House, Queen Anne Street, |
07 May 2002 |
26 Feb 2009 |
Current:6 |
|
|
|
Previous |
11 Dec 1946 |
Wheathold Edge, Ramsdell, |
09 May 2002 |
30 Apr 2003 |
Current:0 |
|
|
|
Previous |
07 May 1932 |
6 Laurel Hazeldene, Anglesea Road, |
23 Mar 1997 |
10 Apr 2002 |
Current:0 |
|
|
|
Previous |
13 May 1940 |
St Mary Magdalene Church House, |
09 Mar 1998 |
01 Dec 1998 |
Current:0 |
|
|
|
Previous |
19 Jul 1966 |
1 Devoncroft Gardens, |
29 May 1996 |
31 Jul 1998 |
Current:0 |
|
|
|
Previous |
16 Sep 1951 |
54-6 High Pavement, The Lace Market, |
08 May 1993 |
10 Dec 1996 |
Current:2 |
|
|
|
Previous |
17 Sep 1957 |
Wheelwrights, Forestside, |
11 Jul 1997 |
31 Mar 2000 |
Current:0 |
|
|
|
Previous |
01 Sep 1942 |
97 Park Crescent, Parkside, |
01 Mar 1994 |
30 Jun 1997 |
Current:0 |
|
|
|
Previous |
03 Dec 1932 |
Little Tilmore Tilmore Road, |
01 Apr 1992 |
24 Dec 1997 |
Current:0 |
|
|
|
Previous |
14 Jun 1938 |
Springside, Bunkers Hill Denmead, |
24 Jun 1994 |
24 Apr 2002 |
Current:0 |
|
|
|
Previous |
11 Feb 1965 |
Old Postings, North Street, |
06 Sep 2001 |
21 Jan 2003 |
Current:0 |
|
|
|
Previous |
03 Oct 1945 |
174 Sheen Lane, |
04 Dec 1996 |
18 Dec 2000 |
Current:4 |
|
|
|
Previous |
30 May 1944 |
Island West, Steep, |
04 Oct 1991 |
29 Aug 2001 |
Current:0 |
|
|
|
Previous |
13 Mar 1966 |
311 Nine Mile Ride, Finchampstead, |
01 Nov 1998 |
31 Jul 2000 |
Current:0 |
|
|
|
Previous |
NA |
Scairbhin, Reen, |
28 Jun 1995 |
31 Dec 2003 |
Current:0 |
|
|
|
Previous |
27 Sep 1962 |
25 Buckingham Gate, |
07 May 2002 |
26 Feb 2009 |
Current:14 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
|
|
|
There are no corporate directors for this company. |
|
|
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Previous |
24 Feb 1927 |
23 Mutton Oaks, Binfield, |
01 Apr 1992 |
03 Mar 2003 |
Current:0 |
|
|
|
Previous |
NA |
Garden Cottage, West Meon, |
03 Mar 2003 |
31 Jan 2009 |
Current:0 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
|
Individual Shareholders |
||||||
|
|
||||||
|
There are no individual shareholders for this company. |
||||||
|
|
||||||
|
|
||||||
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|||||||
|
|
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
06592512 |
503270661 Ordinary GBP 0.01 |
Ordinary |
503,270,661 |
0.01 |
5,032,706.61 |
100.00 |
|
|
|
|||||||
Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
N |
|
|
29-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
39 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.631319 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Turnover |
104.8 |
101.7 |
91.3 |
60.4 |
60.8 |
|
Cost of Sales |
53.4 |
52.0 |
48.9 |
32.4 |
27.1 |
|
Gross Profit |
51.3 |
49.7 |
42.4 |
27.9 |
33.7 |
|
Depreciation |
1.5 |
1.4 |
1.2 |
1.3 |
1.1 |
|
Other Expenses |
40.9 |
44.4 |
31.6 |
22.6 |
20.3 |
|
Other Income |
0.2 |
0.1 |
0.0 |
0.2 |
0.9 |
|
Interest Paid |
0.1 |
0.2 |
0.3 |
0.5 |
2.5 |
|
Exceptional Income |
-1.8 |
0.0 |
0.0 |
-13.1 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
8.9 |
5.3 |
10.6 |
-8.1 |
11.9 |
|
Tax Payable / Credit |
-0.3 |
-1.2 |
-1.1 |
-13.9 |
0.0 |
|
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 |
9.1 |
6.5 |
11.7 |
5.7 |
11.9 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Non Audit Fees |
0.2 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Number of Employees |
368 |
384 |
340 |
328 |
196 |
|
Wages |
24.9 |
25.1 |
20.2 |
15.0 |
11.5 |
|
Social Security Costs |
2.6 |
2.5 |
2.0 |
1.6 |
1.2 |
|
Pensions |
- |
- |
0.0 |
- |
0.0 |
|
Other Pension Costs |
1.7 |
1.6 |
1.1 |
0.8 |
0.5 |
|
Employees Remuneration |
29.2 |
29.2 |
23.3 |
17.4 |
13.2 |
|
Directors Emoluments |
- |
- |
0.0 |
- |
0.9 |
|
Other Costs |
- |
- |
0.0 |
- |
0.0 |
|
Directors Remuneration |
- |
- |
0.0 |
0.1 |
0.9 |
|
Highest Paid Director |
- |
- |
0.0 |
0.1 |
0.5 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
29-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.620804 |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
3.4 |
3.9 |
3.7 |
4.0 |
0.0 |
|
Fixtures & Fittings |
0.3 |
0.2 |
0.3 |
0.2 |
0.1 |
|
Plant & Vehicles |
4.9 |
4.1 |
3.5 |
2.7 |
2.0 |
|
Total Tangible Fixed Assets |
8.6 |
8.3 |
7.5 |
6.9 |
2.1 |
|
Intangible Assets |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Investments |
1.5 |
0.5 |
0.5 |
0.6 |
0.5 |
|
Total Fixed Assets |
10.2 |
8.8 |
8.1 |
7.5 |
2.6 |
|
Stocks |
- |
- |
12.2 |
- |
- |
|
Work in Progress |
- |
- |
0.5 |
- |
- |
|
Total Stocks Work In Progress |
14.7 |
11.8 |
12.7 |
12.0 |
6.0 |
|
Trade Debtors |
9.6 |
9.6 |
7.7 |
6.9 |
3.7 |
|
Inter-Company Debtors |
16.1 |
4.5 |
6.5 |
6.2 |
7.8 |
|
Other Debtors |
3.4 |
1.7 |
1.5 |
15.6 |
1.1 |
|
Total Debtors |
29.2 |
15.8 |
15.7 |
28.7 |
12.6 |
|
Cash and Equivalents |
13.1 |
11.7 |
13.0 |
4.9 |
1.5 |
|
Other Current Assets |
17.0 |
16.1 |
15.1 |
0.0 |
0.0 |
|
Total Current Assets |
73.9 |
55.4 |
56.5 |
45.6 |
20.2 |
|
Total Assets |
84.1 |
64.2 |
64.6 |
53.1 |
22.8 |
|
Trade Creditors |
14.4 |
12.6 |
13.7 |
8.9 |
5.6 |
|
Bank Overdraft |
- |
0.0 |
1.0 |
2.6 |
4.7 |
|
Inter-Company Creditors |
22.5 |
22.2 |
26.8 |
28.4 |
11.9 |
|
Hire Purchase (Current Liability) |
0.0 |
- |
- |
- |
- |
|
Finance Lease (Current Liability) |
0.0 |
- |
- |
- |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
- |
- |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
10.7 |
4.8 |
3.5 |
3.3 |
3.0 |
|
Social Security/VAT |
1.2 |
0.8 |
0.8 |
0.9 |
0.4 |
|
Corporation Tax |
- |
- |
0.0 |
0.1 |
- |
|
Other Current Liabilities |
1.4 |
0.5 |
1.3 |
2.6 |
2.6 |
|
Total Current Liabilities |
50.1 |
40.9 |
47.1 |
46.7 |
28.1 |
|
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 |
2.2 |
|
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 |
2.2 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
1.9 |
1.4 |
1.8 |
2.3 |
1.5 |
|
Total Provisions |
1.9 |
1.4 |
1.8 |
2.3 |
1.5 |
|
Issued Capital |
8.1 |
7.8 |
7.9 |
8.1 |
0.0 |
|
Share Premium Accounts |
130.1 |
125.6 |
126.5 |
130.5 |
116.2 |
|
Revaluation Reserve |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Retained Earnings |
-106.4 |
-111.7 |
-118.8 |
-134.8 |
-125.3 |
|
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 |
32.0 |
21.9 |
15.7 |
4.0 |
-8.9 |
|
Net Worth |
31.9 |
21.8 |
15.6 |
4.0 |
-8.9 |
Annual Cash Flows
Financials in: USD (mil)
|
|
29-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
39 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.631319 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual Ratios
Financials in: USD (mil)
|
|
29-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
39 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.620804 |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.48 |
1.35 |
1.20 |
0.98 |
0.72 |
|
Liquidity Ratio |
1.18 |
1.07 |
0.93 |
0.72 |
0.51 |
|
Stock Turnover |
7.24 |
8.33 |
7.30 |
5.20 |
10.58 |
|
Credit Period (Days) |
32.97 |
35.47 |
30.45 |
40.05 |
21.17 |
|
Working Capital by Sales |
22.34% |
14.71% |
10.11% |
-1.79% |
-12.40% |
|
Trade Credit by Debtors |
1.49 |
1.31 |
1.77 |
1.30 |
1.52 |
|
Return on Capital |
26.61% |
21.88% |
61.48% |
-133.04% |
- |
|
Return on Assets |
10.75% |
7.95% |
16.64% |
-15.87% |
54.76% |
|
Profit Margin |
8.48% |
5.18% |
11.61% |
-13.46% |
19.60% |
|
Return on Shareholders Funds |
28.25% |
23.32% |
68.34% |
-211.56% |
- |
|
Borrowing Ratio |
70.75% |
101.81% |
178.37% |
778.05% |
-208.83% |
|
Equity Gearing |
38.05% |
34.08% |
24.35% |
7.50% |
-39.26% |
|
Debt Gearing |
0.14% |
- |
- |
- |
-24.12% |
|
Interest Coverage |
147.63 |
32.85 |
41.36 |
-16.99 |
4.86 |
|
Sales by Tangible Assets |
12.35 |
11.94 |
12.40 |
9.07 |
30.43 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Sales per Employee |
0.3 |
0.3 |
0.3 |
0.2 |
0.3 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Employee Remuneration by Sales |
27.86% |
28.77% |
25.52% |
28.89% |
21.75% |
|
Creditor Days (Cost of Sales Based) |
96.43 |
91.01 |
100.77 |
96.73 |
72.30 |
|
Creditor Days (Sales Based) |
49.18 |
46.54 |
53.94 |
51.96 |
32.19 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.93 |
|
UK Pound |
1 |
Rs.91.81 |
|
Euro |
1 |
Rs.78.18 |
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.