MIRA
INFORM REPORT
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Report Date : |
13.06.2013 |
IDENTIFICATION DETAILS
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Name : |
FARMHOUSE BISCUITS LTD. |
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Registered Office : |
Brook Street Mill, Brook Street, Nelson, BB7 9PX |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.11.1973 |
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Com. Reg. No.: |
01145352 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Subject provides sweet, dark chocolate and hand-baked biscuits Subject also offers a variety of oat flapjacks and gluten- and sugar-free biscuits |
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No. of Employees : |
235 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.
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Source : CIA |
Company name & address
Farmhouse Biscuits Ltd.
Brook Street
Nelson, BB9 9PX
United Kingdom
(Trading Address)
Registered Address
Tel: 01282613520
Fax: 01282694796
Web www.farmhouse-biscuits.co.uk
Synthesis
Employees: 235
Company Type: Private Parent
Quoted Status: Non-quoted Company
Incorporation Date:
14-Nov-1973
Auditor: Towers & Gornall
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 16.9
1
Net Income: 0.4
Total Assets: 11.1
Business Description
Founded in 1973, Farmhouse Biscuits Ltd. is a family-run business that offers biscuits. It provides sweet, dark chocolate and hand-baked biscuits. The company also offers a variety of oat flapjacks and gluten- and sugar-free biscuits. It supplies biscuits in teddy tubes, packets and stunning gift tins. It provides packaging and distribution solutions. The company offers a range of production, warehousing and sales services. It maintains and operates factory shops and uses wire-cut, depositing and rotary moulding techniques. In addition, the company supplies biscuits to the foodservice and catering sectors. It provides development, mail ordering and sourcing services. The company also offers online shopping, storage and delivery solutions.
Industry
Industry Food Processing
ANZSIC 2006: 1173 - Biscuit
Manufacturing (Factory based)
NACE 2002: 1582 - Manufacture
of rusks and biscuits; manufacture of preserved pastry goods and cakes
NAICS 2002: 311821 - Cookie
and Cracker Manufacturing
UK SIC 2003: 1582 - Manufacture
of rusks and biscuits; manufacture of preserved pastry goods and cakes
UK SIC 2007: 1072 - Manufacture
of rusks and biscuits; manufacture of preserved pastry goods and cakes
US SIC 1987: 2052 - Cookies and
Crackers
Key Executives
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Name |
Title |
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Raymond O'Sullivan |
Managing Director |
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Pat Leather |
Credit Controller |
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Phillip Acheson-Gray |
Digital Marketing Manager |
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Dorothy May Mcivor |
Secretary |
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Paula O'Sullivan |
HR Manager |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593
Corporate Overview
Location
Brook Street
Nelson, BB9 9PX
Lancashire County
United Kingdom
Tel: 01282613520
Fax: 01282694796
Web: www.farmhouse-biscuits.co.uk
Sales GBP(mil): 10.5
Assets GBP(mil): 7.1
Employees: 235
Fiscal Year End: 31-Dec-2011
Industry: Food
Processing
Registered
Address:
Brook Street Mill
Brook Street
Nelson, BB7 9PX
United Kingdom
Incorporation Date: 14-Nov-1973
Company Type: Private
Parent
Quoted Status: Not
Quoted
Registered No.(UK): 01145352
Managing Director: Raymond
O'Sullivan
Industry Codes
ANZSIC 2006 Codes:
1173 - Biscuit Manufacturing (Factory based)
NACE 2002 Codes:
1582 - Manufacture of rusks and biscuits; manufacture of preserved
pastry goods and cakes
NAICS 2002 Codes:
311821 - Cookie and Cracker Manufacturing
US SIC 1987:
2052 - Cookies and Crackers
UK SIC 2003:
1582 - Manufacture of rusks and biscuits; manufacture of preserved
pastry goods and cakes
UK SIC 2007:
1072 - Manufacture of rusks and biscuits; manufacture of preserved
pastry goods and cakes
Business
Description
Founded in 1973, Farmhouse Biscuits Ltd. is a family-run business that offers biscuits. It provides sweet, dark chocolate and hand-baked biscuits. The company also offers a variety of oat flapjacks and gluten- and sugar-free biscuits. It supplies biscuits in teddy tubes, packets and stunning gift tins. It provides packaging and distribution solutions. The company offers a range of production, warehousing and sales services. It maintains and operates factory shops and uses wire-cut, depositing and rotary moulding techniques. In addition, the company supplies biscuits to the foodservice and catering sectors. It provides development, mail ordering and sourcing services. The company also offers online shopping, storage and delivery solutions.
More Business
Descriptions
Farmhouse Biscuits
Ltd. manufactures a wide variety of sweet and semi-sweet biscuits throughout
the United Kingdom. Its products include bourbon finger, custard, chocolate,
orange, coconut, strawberry and digestive creams. It offers ginger fingers and
nuts and malted milk. In addition, it manufactures biscuit crumbs, mallow bases
and cream sandwich biscuits. The company also offers various services, such as
catering, exporting, product development, packaging, design, development and
sourcing. (Updated by OneSource Information Services)
Cookies and
crackers
Biscuits
Manufacture
About Us We are a
family run biscuit manufacturer based in Pendle area of Lancashire. At least
four generations of thefamily having been making biscuits. The wealth of
experience from the past and current generations along with the original
recipes have been past down for all to enjoy in the future. From small
beginnings, we now operate from 175,000 sq feet, and employ over 200 people.
Much of the site has been purpose built over that last few years to very high
standards. The process of making biscuits though, hasn't changed - they are
still made in the same way using, old traditional methods and equipment.
Biscuits, using only the very best of ingredients sourced from around the
World. They are all made using old traditional methods. Having a wealth of many
hundreds of years of experience from the highly trained and devoted staff, we
aim and strive to exceed all expectations in all market sectors. Many awards
have been won over the years along with many many letters from around the World
where consumers have taken the time to write there loving compliments to us
about the biscuits we supply. All this is a true indication of what we believe
are probably the best biscuits in the World! Have a good browse through the
site for more information about us.
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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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Executives |
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Managing Director |
Managing Director |
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Secretary |
Company Secretary |
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Credit Controller |
Finance Executive |
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HR Manager |
Human Resources Executive |
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Digital Marketing Manager |
Marketing Executive |
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Marketing Manager |
Marketing Executive |
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Shop Manager |
Other |
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Methodist leader |
Other |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01282613520 |
Annual Return Date: 30
Jun 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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Current |
22 Nov 1962 |
Lingmell, Bent Lane, |
06 Apr 2003 |
NA |
Current:1 |
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Current |
28 Apr 1966 |
The Stables, Teneriffe Bungalow Foulridge, |
06 Apr 2003 |
NA |
Current:1 |
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Current |
03 Nov 1941 |
Teneriffe Bungalow, Skipton Road Foulridge, |
30 Jun 1991 |
NA |
Current:2 |
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Current |
14 Oct 1936 |
Tenerife Bungalow, Skipton Road, |
30 Jun 1991 |
NA |
Current:1 |
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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 |
03 Nov 1941 |
Teneriffe Bungalow, Skipton Road Foulridge, |
30 Jun 1991 |
NA |
Current:2 |
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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 |
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A J Bell Trustees Limited As Pensioner Trustee Of The Farmhouse B |
1064 Ordinary GBP 1.00 |
Ordinary |
1,064 |
1.00 |
1,064.00 |
2.23 |
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A J Bell Trustees Limited As Pensioner Trustee Of The Farmhouse B |
395 Ordinary GBP 1.00 |
Ordinary |
395 |
1.00 |
395.00 |
0.83 |
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A J Bell Trustees Limited As Pensioner Trustee Of The Farmhouse B |
41 Ordinary GBP 1.00 |
Ordinary |
41 |
1.00 |
41.00 |
0.09 |
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A J Bell Trustees Limited As Pensioner Trustees Of The Farmhouse |
144 Ordinary GBP 1.00 |
Ordinary |
144 |
1.00 |
144.00 |
0.30 |
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Dorothy May McIvor |
4901 Ordinary GBP 1.00 |
Ordinary |
4,901 |
1.00 |
4,901.00 |
10.26 |
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Dorothy May McIvor |
2899 Ordinary GBP 1.00 |
Ordinary |
2,899 |
1.00 |
2,899.00 |
6.07 |
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Dorothy May McIvor |
600 Ordinary GBP 1.00 |
Ordinary |
600 |
1.00 |
600.00 |
1.26 |
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Gillian McIvor |
4901 Ordinary GBP 1.00 |
Ordinary |
4,901 |
1.00 |
4,901.00 |
10.26 |
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Gillian McIvor |
2899 Ordinary GBP 1.00 |
Ordinary |
2,899 |
1.00 |
2,899.00 |
6.07 |
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Gillian McIvor |
500 Ordinary GBP 1.00 |
Ordinary |
500 |
1.00 |
500.00 |
1.05 |
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Gillian McIvor As Pensioner Trustee Of The Farmhouse Biscuits Limited
Sma |
1064 Ordinary GBP 1.00 |
Ordinary |
1,064 |
1.00 |
1,064.00 |
2.23 |
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Gillian McIvor As Pensioner Trustee Of The Farmhouse Biscuits Limited
Sma |
395 Ordinary GBP 1.00 |
Ordinary |
395 |
1.00 |
395.00 |
0.83 |
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Gillian McIvor As Pensioner Trustee Of The Farmhouse Biscuits Small
Self |
41 Ordinary GBP 1.00 |
Ordinary |
41 |
1.00 |
41.00 |
0.09 |
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Gillian McIvor As Pensioner Trustees Of The Farmhouse Biscuits Limited
Sm |
144 Ordinary GBP 1.00 |
Ordinary |
144 |
1.00 |
144.00 |
0.30 |
|
Jane Wendy Abigail Burbidge |
4901 Ordinary GBP 1.00 |
Ordinary |
4,901 |
1.00 |
4,901.00 |
10.26 |
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Jane Wendy Abigail Burbidge |
2899 Ordinary GBP 1.00 |
Ordinary |
2,899 |
1.00 |
2,899.00 |
6.07 |
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Raymond O'Sullivan As Pensioner Trustee Of The Farmhouse Biscuits
Limited |
1064 Ordinary GBP 1.00 |
Ordinary |
1,064 |
1.00 |
1,064.00 |
2.23 |
|
Raymond O'Sullivan As Pensioner Trustee Of The Farmhouse Biscuits
Limited |
395 Ordinary GBP 1.00 |
Ordinary |
395 |
1.00 |
395.00 |
0.83 |
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Raymond O'Sullivan As Pensioner Trustee Of The Farmhouse Biscuits
Small S |
41 Ordinary GBP 1.00 |
Ordinary |
41 |
1.00 |
41.00 |
0.09 |
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Raymond O'Sullivan As Pensioner Trustees Of The Farmhouse Biscuits
Limite |
144 Ordinary GBP 1.00 |
Ordinary |
144 |
1.00 |
144.00 |
0.30 |
|
Ronald Philip McIvor |
4901 Ordinary GBP 1.00 |
Ordinary |
4,901 |
1.00 |
4,901.00 |
10.26 |
|
Ronald Philip McIvor |
2899 Ordinary GBP 1.00 |
Ordinary |
2,899 |
1.00 |
2,899.00 |
6.07 |
|
Ronald Philip McIvor |
600 Ordinary GBP 1.00 |
Ordinary |
600 |
1.00 |
600.00 |
1.26 |
|
Wendy McIvor |
4901 Ordinary GBP 1.00 |
Ordinary |
4,901 |
1.00 |
4,901.00 |
10.26 |
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Wendy McIvor |
2899 Ordinary GBP 1.00 |
Ordinary |
2,899 |
1.00 |
2,899.00 |
6.07 |
|
Wendy McIvor |
500 Ordinary GBP 1.00 |
Ordinary |
500 |
1.00 |
500.00 |
1.05 |
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Wendy McIvor As Pensioner Trustee Of The Farmhouse Biscuits Limited
Sma |
1064 Ordinary GBP 1.00 |
Ordinary |
1,064 |
1.00 |
1,064.00 |
2.23 |
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Wendy McIvor As Pensioner Trustee Of The Farmhouse Biscuits Limited
Sma |
395 Ordinary GBP 1.00 |
Ordinary |
395 |
1.00 |
395.00 |
0.83 |
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Wendy McIvor As Pensioner Trustee Of The Farmhouse Biscuits Small Self |
41 Ordinary GBP 1.00 |
Ordinary |
41 |
1.00 |
41.00 |
0.09 |
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Wendy McIvor As Pensioner Trustees Of The Farmhouse Biscuits Limited
Sm |
144 Ordinary GBP 1.00 |
Ordinary |
144 |
1.00 |
144.00 |
0.30 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Farmhouse Biscuits
in Twiston celebrates 50 years of business
Great British Life
9 November, 2012
Its an ill wind that blows no good, and the harsh winter of 1962-63 had
storms aplenty. They nearly bankrupted Philip and Dorothy McIvor, but also set
them on the road to a prosperous (and delicious) future running one of
Lancashires iconic businesses
related Companies:
Farmhouse Biscuits Ltd.
Related Industries
Fish and Livestock
Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
15.2 |
14.2 |
14.1 |
- |
- |
|
Turnover (Exports) |
1.7 |
1.5 |
0.5 |
- |
- |
|
Total Turnover |
16.9 |
15.7 |
14.6 |
- |
- |
|
Cost of Sales |
13.3 |
- |
11.4 |
- |
- |
|
Total Expenses |
- |
14.7 |
- |
- |
- |
|
Gross Profit |
3.6 |
- |
3.3 |
4.1 |
4.1 |
|
Depreciation |
0.4 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Other Expenses |
3.0 |
- |
2.9 |
3.3 |
3.2 |
|
Operating Profit |
0.6 |
1.0 |
- |
- |
0.8 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
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 |
0.5 |
0.8 |
0.2 |
0.5 |
0.6 |
|
Tax Payable / Credit |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
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 |
0.4 |
0.7 |
0.2 |
0.4 |
0.5 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
235 |
230 |
224 |
227 |
226 |
|
Wages |
5.7 |
5.3 |
5.1 |
5.6 |
6.0 |
|
Social Security Costs |
0.5 |
0.4 |
0.4 |
0.5 |
0.5 |
|
Pensions |
- |
- |
- |
0.1 |
0.1 |
|
Other Pension Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees Remuneration |
6.3 |
5.8 |
5.6 |
6.2 |
6.6 |
|
Directors Emoluments |
- |
- |
- |
0.5 |
0.5 |
|
Other Costs |
- |
- |
- |
0.0 |
0.0 |
|
Directors Remuneration |
0.6 |
0.1 |
0.5 |
0.6 |
0.6 |
|
Highest Paid Director |
- |
- |
0.1 |
0.2 |
0.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
3.6 |
3.5 |
3.6 |
3.2 |
3.7 |
|
Fixtures & Fittings |
0.3 |
0.3 |
0.3 |
0.3 |
0.4 |
|
Plant & Vehicles |
1.9 |
2.0 |
2.1 |
1.9 |
1.8 |
|
Total Tangible Fixed Assets |
5.7 |
5.7 |
5.9 |
5.4 |
5.9 |
|
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 |
5.7 |
5.7 |
5.9 |
5.4 |
5.9 |
|
Stocks |
2.6 |
2.5 |
2.4 |
2.4 |
3.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
2.6 |
2.5 |
2.4 |
2.4 |
3.0 |
|
Trade Debtors |
2.0 |
2.0 |
2.3 |
1.5 |
2.8 |
|
Inter-Company Debtors |
- |
- |
0.0 |
- |
0.0 |
|
Director Loans |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Other Debtors |
0.5 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Total Debtors |
2.6 |
2.3 |
2.7 |
1.8 |
3.2 |
|
Cash and Equivalents |
0.1 |
0.2 |
0.1 |
0.1 |
0.3 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
5.3 |
5.0 |
5.2 |
4.3 |
6.5 |
|
Total Assets |
11.1 |
10.7 |
11.1 |
9.7 |
12.4 |
|
Trade Creditors |
0.7 |
0.7 |
0.6 |
0.4 |
1.2 |
|
Bank Overdraft |
0.9 |
0.6 |
1.2 |
1.1 |
0.7 |
|
Hire Purchase (Current Liability) |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Total Short Term Loans |
- |
- |
0.2 |
0.0 |
- |
|
Accruals/Deferred Income (Current Liability) |
0.3 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Social Security/VAT |
0.3 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Corporation Tax |
0.1 |
0.2 |
0.0 |
0.1 |
0.1 |
|
Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
2.3 |
2.1 |
2.7 |
2.3 |
2.8 |
|
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 |
0.1 |
0.1 |
0.1 |
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 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Other Long Term Loans |
0.8 |
0.9 |
1.1 |
1.1 |
1.6 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.8 |
1.0 |
1.2 |
1.2 |
1.7 |
|
Deferred Taxation |
0.2 |
0.2 |
0.4 |
0.3 |
0.4 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.2 |
0.2 |
0.4 |
0.3 |
0.4 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.5 |
0.5 |
0.5 |
0.5 |
0.7 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
7.1 |
6.8 |
6.2 |
5.4 |
7.0 |
|
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 |
7.7 |
7.3 |
6.8 |
5.9 |
7.7 |
|
Net Worth |
7.7 |
7.3 |
6.8 |
5.9 |
7.7 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.6 |
1.5 |
0.4 |
1.1 |
1.3 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
-0.1 |
-0.1 |
-0.2 |
-0.2 |
|
Taxation |
-0.2 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Capital Expenditures |
-0.4 |
-0.3 |
-0.1 |
-1.6 |
-0.2 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
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 |
-0.2 |
-0.3 |
-0.2 |
-0.1 |
-0.2 |
|
Increase in Cash |
-0.3 |
0.8 |
-0.1 |
-0.8 |
0.7 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
2.27 |
2.35 |
1.89 |
1.88 |
2.35 |
|
Liquidity Ratio |
1.18 |
1.16 |
1.03 |
0.85 |
1.26 |
|
Stock Turnover |
6.38 |
6.28 |
6.42 |
- |
- |
|
Credit Period (Days) |
43.70 |
45.56 |
55.34 |
- |
- |
|
Working Capital by Sales |
18.22% |
18.13% |
16.06% |
- |
- |
|
Trade Credit by Debtors |
0.35 |
0.35 |
0.25 |
0.29 |
0.41 |
|
Return on Capital |
5.49% |
9.93% |
3.02% |
5.83% |
6.22% |
|
Return on Assets |
4.32% |
7.95% |
2.28% |
4.45% |
4.84% |
|
Profit Margin |
2.92% |
5.36% |
1.67% |
- |
- |
|
Return on Shareholders Funds |
6.23% |
11.66% |
3.74% |
7.35% |
7.85% |
|
Borrowing Ratio |
22.72% |
22.76% |
40.70% |
40.88% |
31.07% |
|
Equity Gearing |
69.36% |
68.15% |
60.85% |
60.53% |
61.65% |
|
Debt Gearing |
10.32% |
13.49% |
17.75% |
20.21% |
20.78% |
|
Interest Coverage |
4.58 |
6.99 |
1.78 |
3.24 |
2.58 |
|
Sales by Tangible Assets |
2.86 |
2.79 |
2.55 |
- |
- |
|
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 |
- |
- |
|
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 |
0.1 |
|
Employee Remuneration by Sales |
37.07% |
37.06% |
38.34% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
19.34 |
15.74 |
17.96 |
- |
- |
|
Creditor Days (Sales Based) |
15.22 |
15.74 |
13.94 |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.27 |
|
UK Pound |
1 |
Rs.91.16 |
|
Euro |
1 |
Rs.77.50 |
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.