MIRA
INFORM REPORT
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
AEROFLEX LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2012 |
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Date of Incorporation : |
06.08.1936 |
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Com. Reg. No.: |
00317241 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Design, development, manufacture and sale of test solution
and printed circuit board testing products and service support to the communications
and otherrelated markets in the UK, Europe and north America. |
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No. of Employees : |
443 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
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 : |
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) |
|
United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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.
|
Source
: CIA |
Company name and address
AEROFLEX LTD.
|
Six Hills Way Stevenage, SG1 2AN United Kingdom (Trading Address)
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Business Description
Design, development, manufacture and sale of test solution and
printed circuit board testing products and service support to the
communications and otherrelated markets in the uk, europe and north america.
Industry
|
Industry |
|
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ANZSIC 2006: |
2419 -
Other Professional and Scientific Equipment Manufacturing |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
|
|
UK SIC 2007: |
2651 -
Manufacture of instruments and appliances for measuring, testing and
navigation |
|
US SIC 1987: |
Key Executives
|
Name |
Title |
|
Vice President and General Manager |
|
|
Julian Thirsk |
Senior Business Development Manager |
|
Kevin Ian David Brown |
Secretary |
|
IT Manager |
|
|
Beverley Vincent |
ATS HR Director |
News
|
Title |
Date |
|
Mobile Test Platform Targets LTE
and LTE-A Base Stations |
24-Jun-2013 |
|
Kansas: Department of
Administration Issues Solicitation for "WSCA Radio - Aeroflex Wichita".
|
24-Jun-2013 |
|
Test & Measurement Roundup -
IMS 2013 |
22-Jun-2013 |
|
Presolicitation Notice -
66-Generator, Tachometer |
20-Jun-2013 |
|
Modification to a Previous
Presolicitation Notice - D-- TACTICAL RADIO TEST SET (TRTS) UPGRADE KITS |
18-Jun-2013 |
|
Image Gallery: Aeroflex at IMS 2013 |
17-Jun-2013 |
Financial Summary
|
FYE: 30-Jun-2012 |
USD (mil) |
||||||||||||||||||
|
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Registered No.(UK):00317241
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6313531
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6452901
|
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2419 |
- |
Other Professional and Scientific
Equipment Manufacturing |
|
NACE 2002
Codes: |
||
|
3320 |
- |
Manufacture of instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment |
|
NAICS 2002
Codes: |
||
|
334513 |
- |
Instrument's and Related Products
Manufacturing for Measuring, Displaying, and Controlling Industrial Process
Variable |
|
US SIC 1987: |
||
|
3823 |
- |
Industrial Instruments for Measurement, Display,
and Control of Process Variables; and Related Products |
|
UK SIC 2003: |
||
|
3320 |
- |
Manufacture of instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment |
|
UK SIC 2007: |
||
|
2651 |
- |
Manufacture of instruments and
appliances for measuring, testing and navigation |
Design,
development, manufacture and sale of test solution and printed circuit board testing
products and service support to the communications and otherrelated markets in
the uk, europe and north america.
More
Business Descriptions
Design
& Mfr Electronic Test Instruments
Manufacturer
of equipment & supplies
|
|
|
Auditor: |
KPMG LLP |
|
Bank: |
Hsbc Bank PLC |
|
|
|
|
Auditor: |
KPMG LLP |
|
|
|
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Auditor History |
|
|
KPMG LLP |
30-Jun-2012 |
|
KPMG LLP |
30-Jun-2011 |
|
KPMG LLP |
30-Jun-2010 |
|
KPMG LLP |
30-Jun-2009 |
|
KPMG LLP |
30-Jun-2008 |
|
|
|
|
|
GBP(mil) |
|
Audit Fees: |
0.2 |
|
Audit Fiscal Year: |
06-30-2012 |
Corporate
Family
Corporate Structure News:
Total Corporate Family Members: 64
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
New York, NY |
United States |
Investment Services |
|
25 |
|
|
Subsidiary |
Plainview, NY |
United States |
Semiconductors |
599.3 |
2,950 |
|
|
Subsidiary |
Plainview, NY |
United States |
Electronic Instruments and Controls |
|
450 |
|
|
Division |
Plainview, NY |
United States |
Aerospace and Defense |
|
2,800 |
|
|
Subsidiary |
Stevenage |
United Kingdom |
Scientific and Technical Instruments |
144.2 |
443 |
|
|
Subsidiary |
Stevenage |
United Kingdom |
Scientific and Technical Instruments |
41.8 |
86 |
|
|
Branch |
Kwai Chung, New Territories |
Hong Kong |
Scientific and Technical Instruments |
4.4 |
20 |
|
|
Subsidiary |
Bondoufle |
France |
Miscellaneous Capital Goods |
14.3 |
34 |
|
|
Subsidiary |
Ismaning, Bayern |
Germany |
Scientific and Technical Instruments |
|
26 |
|
|
UK Branch/Trading address |
Eastleigh |
United Kingdom |
Miscellaneous Capital Goods |
144.2 |
20 |
|
|
Subsidiary |
Wichita, KS |
United States |
Scientific and Technical Instruments |
3.1 |
400 |
|
|
Branch |
Plainview, NY |
United States |
Communications Equipment |
1.9 |
350 |
|
|
Branch |
Colorado Springs, CO |
United States |
Aerospace and Defense |
4.0 |
200 |
|
|
Subsidiary |
Colorado Springs, CO |
United States |
Semiconductors |
|
200 |
|
|
Subsidiary |
Whippany, NJ |
United States |
Electronic Instruments and Controls |
13.4 |
200 |
|
|
Subsidiary |
Sunnyvale, CA |
United States |
Semiconductors |
40.0 |
150 |
|
|
Subsidiary |
Frederick, MD |
United States |
Electronic Instruments and Controls |
40.0 |
100 |
|
|
Subsidiary |
Ann Arbor, MI |
United States |
Electronic Instruments and Controls |
133.6 |
85 |
|
|
Subsidiary |
Nanjing, P.R. |
China |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Eatontown, NJ |
United States |
Electronic Instruments and Controls |
|
|
|
|
Subsidiary |
Lenexa, KS |
United States |
Scientific and Technical Instruments |
|
200 |
|
|
Branch |
Whippany, NJ |
United States |
Fabricated Plastic and Rubber |
3.1 |
170 |
|
|
Branch |
New Century, KS |
United States |
Aerospace and Defense |
40.0 |
169 |
|
|
Branch |
Naples, FL |
United States |
Aerospace and Defense |
28.2 |
100 |
|
|
Subsidiary |
Powell, OH |
United States |
Scientific and Technical Instruments |
5.9 |
100 |
|
|
Branch |
Londonderry, NH |
United States |
Retail (Technology) |
1.1 |
85 |
|
|
Subsidiary |
Eatontown, NJ |
United States |
Scientific and Technical Instruments |
19.8 |
66 |
|
|
Subsidiary |
Cupertino, CA |
United States |
Scientific and Technical Instruments |
5.7 |
46 |
|
|
Branch |
Cupertino, CA |
United States |
Computer Peripherals |
12.7 |
37 |
|
|
Branch |
Colorado Springs, CO |
United States |
Retail (Home Improvement) |
2.5 |
16 |
|
|
Branch |
Irvine, CA |
United States |
Communications Equipment |
3.7 |
12 |
|
|
Branch |
Herndon, VA |
United States |
Retail (Technology) |
2.9 |
12 |
|
|
Branch |
Nevada City, CA |
United States |
Communications Equipment |
2.1 |
7 |
|
|
Branch |
Nashua, NH |
United States |
Electronic Instruments and Controls |
6.5 |
5 |
|
|
Branch |
Lawrence, MA |
United States |
Electronic Instruments and Controls |
6.1 |
5 |
|
|
Branch |
Arlington, VA |
United States |
Electronic Instruments and Controls |
|
5 |
|
|
Branch |
Lenexa, KS |
United States |
Airlines |
0.2 |
4 |
|
|
Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Scientific and Technical Instruments |
24.6 |
2 |
|
|
Holding |
Plainview, NY |
United States |
Semiconductors |
673.0 |
2,800 |
|
|
Subsidiary |
Austin, TX |
United States |
Software and Programming |
12.9 |
70 |
|
|
Subsidiary |
Cupertino, CA |
United States |
Software and Programming |
0.4 |
60 |
|
|
Subsidiary |
Rockwall, TX |
United States |
Software and Programming |
|
|
|
|
Subsidiary |
Brea, CA |
United States |
Retail (Technology) |
0.8 |
4 |
|
|
Holding |
Ann Arbor, MI |
United States |
Printing and Publishing |
51.1 |
2,200 |
|
|
Unit |
Greenwood Village, CO |
United States |
Software and Programming |
|
450 |
|
|
Subsidiary |
Palo Alto, CA |
United States |
Communications Equipment |
391.2 |
1,580 |
|
|
Division |
Camarillo, CA |
United States |
Communications Equipment |
91.5 |
100 |
|
|
Branch |
Woodland, CA |
United States |
Communications Equipment |
5.5 |
18 |
|
|
Subsidiary |
Singapore |
Singapore |
Computer Services |
1.9 |
5 |
|
|
Holding |
Cincinnati, OH |
United States |
Food Processing |
257.9 |
768 |
|
|
Facility |
McAllen, TX |
United States |
Food Processing |
|
800 |
|
|
Branch |
Palo Alto, CA |
United States |
Communications Equipment |
152.5 |
500 |
|
|
Branch |
Los Angeles, CA |
United States |
Communications Equipment |
91.5 |
300 |
|
|
Branch |
Los Angeles, CA |
United States |
Communications Equipment |
91.5 |
300 |
|
|
Branch |
Beverly, MA |
United States |
Communications Equipment |
80.6 |
300 |
|
|
Branch |
Palo Alto, CA |
United States |
Communications Equipment |
85.1 |
279 |
|
|
Branch |
Carlisle, PA |
United States |
Communications Equipment |
0.3 |
1 |
|
|
Branch |
Palm Bay, FL |
United States |
Communications Equipment |
0.3 |
1 |
|
|
Subsidiary |
Dallas, TX |
United States |
Communications Equipment |
74.6 |
150 |
|
|
Subsidiary |
Santiago |
Chile |
Communications Equipment |
|
20 |
|
|
Subsidiary |
Enterprise, AL |
United States |
Aerospace and Defense |
9.1 |
100 |
|
|
Subsidiary |
Loveland, CO |
United States |
Personal Services |
|
5 |
|
|
Subsidiary |
Reston, VA |
United States |
Business Services |
|
4 |
|
|
Branch |
Chantilly, VA |
United States |
Business Services |
10.1 |
94 |
Executives Report
Board of Directors
|
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Secretary |
Director/Board Member |
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Vice President and General Manager |
Director/Board Member |
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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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|
|||
|
Vice President and General Manager |
Division Head Executive |
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|
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Managing Director |
Managing Director |
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|
Secretary |
Company Secretary |
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Payroll/Wages Officer |
Benefits & Compensation Executive |
|
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|
HR Executive |
Human Resources Executive |
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|
ATS HR Director |
Human Resources Executive |
|
||
|
Communications Director |
Corporate Communications Executive |
|
||
|
IT Manager |
Information Executive |
|
||
|
Senior Business Development Manager |
Business Development Executive |
|
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|
Director |
Other |
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Directors and Shareholders Report
|
Main Office Address: |
Tel: 01438 742200 |
Annual Return Date: 21
Jul 2012 |
|
Individual Directors |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
21 Jul 1967 |
32 Lomond Way, |
01 Jul 2008 |
NA |
Current:8 |
|
|
|
Current |
11 Jan 1960 |
328 N. Harrison, |
28 Feb 2005 |
NA |
Current:3 |
|
|
|
Current |
25 Oct 1952 |
11216 Valley Hi Court, |
14 Jan 2002 |
NA |
Current:3 |
|
|
|
Current |
25 Jun 1964 |
Longacres House, Six Hills Way, |
01 Sep 2000 |
NA |
Current:9 |
|
|
|
Previous |
11 Aug 1941 |
Senate House University Of Surrey, |
06 Feb 1998 |
31 Oct 1999 |
Current:1 |
|
|
|
Previous |
15 May 1952 |
Mesa View Main Road, Shurdington, |
21 Jul 1991 |
NA |
Current:0 |
|
|
|
Previous |
19 Oct 1944 |
3 Chalklands, |
01 Oct 1993 |
28 Feb 2005 |
Current:1 |
|
|
|
Previous |
17 Aug 1960 |
830 St Charles Place, |
15 Oct 2008 |
31 May 2012 |
Current:0 |
|
|
|
Previous |
27 May 1946 |
28 Apsley End Road, Shillington, |
21 Jul 1991 |
07 May 1999 |
Current:0 |
|
|
|
Previous |
25 May 1936 |
94 Kingsway, |
21 Jul 1991 |
31 May 1996 |
Current:1 |
|
|
|
Previous |
18 May 1957 |
49 Talbot Street, |
28 Feb 2005 |
01 Jul 2008 |
Current:0 |
|
|
|
Previous |
05 Apr 1957 |
115 South Parkside, Wichita Kansas 67209, |
26 Apr 2005 |
23 Jun 2005 |
Current:0 |
|
|
|
Previous |
15 May 1954 |
6 Dales Close, |
NA |
23 Dec 2000 |
Current:0 |
|
|
|
Previous |
26 Dec 1941 |
Pusey Furze House, Buckland, |
21 Jul 1991 |
09 Oct 1998 |
Current:4 |
|
|
|
Previous |
21 Apr 1945 |
2322 High Point Court, |
01 Sep 2000 |
05 Feb 2002 |
Current:0 |
|
|
|
Previous |
13 Apr 1949 |
1 Graham Hill Road, |
21 Jul 1991 |
01 Apr 1998 |
Current:20 |
|
|
|
Previous |
17 Mar 1952 |
395 St. Albans Road West, |
09 Feb 1995 |
18 Aug 1999 |
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 |
|
|
Current |
03 Dec 1962 |
Longacres House, Six Hills Way, |
14 Aug 2009 |
NA |
Current:1 |
|
|
|
Previous |
NA |
14 Stockwood Crescent, |
07 Feb 2006 |
14 Aug 2009 |
Current:0 |
|
|
|
Previous |
25 Jul 1937 |
3 Kitswell Way, |
01 Apr 1998 |
22 Dec 1999 |
Current:1 |
|
|
|
Previous |
29 Jan 1948 |
6 Burns Green, Benington, |
22 Dec 1999 |
09 Sep 2001 |
Current:0 |
|
|
|
Previous |
26 Dec 1941 |
Pusey Furze House, Buckland, |
21 Jul 1991 |
31 Mar 1998 |
Current:4 |
|
|
|
Previous |
25 Jun 1964 |
Longacres House, Six Hills Way, |
10 Sep 2001 |
07 Feb 2006 |
Current:9 |
|
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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 |
|
03491978 |
700000 Ordinary GBP 1.00 |
Ordinary |
700,000 |
1.00 |
700,000.00 |
100.00 |
|
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News
Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631353 |
0.629106 |
0.633607 |
0.627423 |
0.499214 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
26.7 |
- |
41.8 |
- |
39.1 |
|
Turnover (Exports) |
117.5 |
- |
82.9 |
- |
77.6 |
|
Total Turnover |
144.2 |
190.3 |
124.7 |
82.4 |
116.7 |
|
Cost of Sales |
105.9 |
108.3 |
77.7 |
70.3 |
84.5 |
|
Gross Profit |
38.2 |
82.0 |
46.9 |
12.1 |
32.2 |
|
Depreciation |
3.9 |
3.8 |
2.9 |
2.4 |
5.7 |
|
Other Expenses |
46.0 |
42.8 |
30.8 |
16.8 |
19.1 |
|
Operating Profit |
-7.8 |
39.2 |
16.1 |
-4.7 |
- |
|
Other Income |
0.2 |
0.2 |
0.2 |
0.3 |
0.0 |
|
Interest Paid |
0.3 |
0.1 |
0.2 |
0.6 |
0.8 |
|
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 |
-7.9 |
39.3 |
16.2 |
-5.0 |
12.3 |
|
Tax Payable / Credit |
-2.6 |
9.2 |
1.1 |
0.4 |
0.1 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
12.8 |
0.0 |
0.0 |
21.6 |
0.0 |
|
Profit After Taxes |
-18.1 |
30.1 |
15.1 |
-27.0 |
12.2 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.3 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Number of Employees |
443 |
441 |
435 |
397 |
447 |
|
Wages |
29.2 |
30.2 |
22.6 |
21.8 |
31.6 |
|
Social Security Costs |
3.2 |
3.1 |
2.3 |
2.0 |
2.9 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
1.3 |
1.3 |
0.9 |
0.6 |
1.0 |
|
Employees Remuneration |
33.6 |
34.6 |
25.8 |
24.4 |
35.5 |
|
Directors Emoluments |
0.5 |
0.5 |
0.4 |
0.4 |
0.5 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.5 |
0.5 |
0.4 |
0.4 |
0.5 |
|
Highest Paid Director |
0.2 |
0.3 |
0.2 |
0.3 |
0.3 |
Annual
Balance Sheet
Financials in: USD (mil)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.64529 |
0.622878 |
0.668405 |
0.60722 |
0.502475 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
- |
4.9 |
2.7 |
3.2 |
4.2 |
|
Fixtures & Fittings |
- |
0.0 |
2.2 |
2.3 |
2.8 |
|
Plant & Vehicles |
- |
9.5 |
8.2 |
4.1 |
5.1 |
|
Total Tangible Fixed Assets |
12.8 |
14.5 |
13.1 |
9.6 |
12.1 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
10.5 |
10.9 |
10.1 |
11.1 |
13.4 |
|
Total Fixed Assets |
23.3 |
25.3 |
23.2 |
20.7 |
25.5 |
|
Stocks |
38.9 |
46.1 |
22.0 |
21.3 |
24.6 |
|
Work in Progress |
3.5 |
9.0 |
3.8 |
5.6 |
8.9 |
|
Total Stocks Work In Progress |
42.5 |
55.1 |
25.8 |
26.9 |
33.5 |
|
Trade Debtors |
25.4 |
44.8 |
29.4 |
8.8 |
20.8 |
|
Inter-Company Debtors |
71.0 |
65.3 |
46.9 |
25.7 |
36.7 |
|
Director Loans |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Other Debtors |
12.1 |
3.9 |
5.2 |
3.0 |
5.1 |
|
Total Debtors |
108.5 |
114.1 |
81.5 |
37.4 |
62.6 |
|
Cash and Equivalents |
12.6 |
14.7 |
17.0 |
11.2 |
1.8 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
163.6 |
183.8 |
124.3 |
75.5 |
97.8 |
|
Total Assets |
186.9 |
209.2 |
147.5 |
96.2 |
123.4 |
|
Trade Creditors |
8.7 |
21.4 |
11.1 |
9.5 |
12.3 |
|
Inter-Company Creditors |
92.2 |
83.2 |
71.7 |
47.2 |
30.2 |
|
Accruals/Deferred Income (Current Liability) |
14.7 |
4.9 |
2.7 |
1.7 |
3.2 |
|
Social Security/VAT |
0.9 |
0.6 |
0.6 |
0.2 |
0.8 |
|
Corporation Tax |
0.0 |
5.1 |
- |
- |
- |
|
Other Current Liabilities |
6.8 |
14.6 |
15.8 |
3.3 |
2.4 |
|
Total Current Liabilities |
123.2 |
129.9 |
101.9 |
62.0 |
48.8 |
|
Group Loans (Long Term Liability) |
4.9 |
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 |
4.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
1.0 |
1.1 |
1.1 |
0.9 |
0.6 |
|
Total Provisions |
1.0 |
1.1 |
1.1 |
0.9 |
0.6 |
|
Issued Capital |
1.1 |
1.1 |
1.0 |
1.2 |
1.4 |
|
Share Premium Accounts |
33.8 |
35.0 |
32.6 |
35.9 |
43.4 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
21.4 |
40.5 |
9.4 |
-5.4 |
27.3 |
|
Other Reserves |
1.5 |
1.6 |
1.4 |
1.6 |
1.9 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
57.7 |
78.2 |
44.5 |
33.3 |
74.0 |
|
Net Worth |
57.7 |
78.2 |
44.5 |
33.3 |
74.0 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631353 |
0.629106 |
0.633607 |
0.627423 |
0.499214 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual
Ratios
Financials in: USD (mil)
|
|
30-Jun-2012 |
30-Jun-2011 |
30-Jun-2010 |
30-Jun-2009 |
30-Jun-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.64529 |
0.622878 |
0.668405 |
0.60722 |
0.502475 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.33 |
1.41 |
1.22 |
1.22 |
2.00 |
|
Liquidity Ratio |
0.98 |
0.99 |
0.97 |
0.78 |
1.32 |
|
Stock Turnover |
3.32 |
3.49 |
4.57 |
3.17 |
3.46 |
|
Credit Period (Days) |
65.73 |
85.11 |
90.77 |
37.68 |
65.40 |
|
Working Capital by Sales |
28.61% |
28.05% |
18.98% |
15.85% |
42.29% |
|
Trade Credit by Debtors |
0.34 |
0.48 |
0.38 |
1.09 |
0.59 |
|
Return on Capital |
-12.10% |
50.05% |
33.68% |
-15.23% |
16.40% |
|
Return on Assets |
-4.12% |
18.96% |
10.41% |
-5.42% |
9.91% |
|
Profit Margin |
-5.46% |
20.64% |
13.00% |
-6.12% |
10.55% |
|
Return on Shareholders Funds |
-13.34% |
50.73% |
34.48% |
-15.66% |
16.52% |
|
Borrowing Ratio |
168.17% |
106.42% |
161.07% |
141.99% |
40.77% |
|
Equity Gearing |
30.90% |
37.38% |
30.20% |
34.59% |
59.96% |
|
Debt Gearing |
8.55% |
- |
- |
- |
- |
|
Interest Coverage |
-25.49 |
297.65 |
103.71 |
-8.16 |
15.06 |
|
Sales by Tangible Assets |
11.01 |
13.27 |
9.05 |
8.87 |
9.58 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.3 |
0.4 |
0.3 |
0.2 |
0.3 |
|
Capital Employed per Employee |
0.1 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.4 |
0.5 |
0.3 |
0.2 |
0.3 |
|
Employee Remuneration by Sales |
23.32% |
18.18% |
20.72% |
29.62% |
30.42% |
|
Creditor Days (Cost of Sales Based) |
30.64 |
71.52 |
55.12 |
47.96 |
53.52 |
|
Creditor Days (Sales Based) |
22.52 |
40.72 |
34.38 |
40.90 |
38.77 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.