|
Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TYPHOO TEA LTD. |
|
|
|
|
Registered Office : |
Pasture Road Moreton Wirral, CH46 8XF |
|
|
|
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Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
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Date of Incorporation : |
26.09.2005 |
|
|
|
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Com. Reg. No.: |
05573418 |
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|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Processing of tea and coffee |
|
|
|
|
No. of Employees : |
277 |
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 : |
Slow but correct |
|
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
Typhoo Tea Ltd.
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Business
Description
|
There is only one Great British Tea and that is Typhoo Tea. We like to
call it Tea GB - Britain's greatest tea. We were established in 1903 and
known for famous brands such as Typhoo Tea, London Fruit & Herb, Ridgways
Fairtrade Tea, Heath & Heather Herbs, Melrose's Tea, QT Instant Tea, Lift
Instant Tea, Fresh Brew Tea and Red Mountain Coffee which are sold in more
than 40 countries. We are also one of the largest own label packers in the
world of exclusive black teas, finest green teas, premium white teas, organic
teas, detox teas, caffeine free teas, flavoured teas, 100% natural herbal and
fruit infusions. Our teas are sold in top retailers such as Walmart, Tesco,
Sainsburys, ParkNShop, Loblaws, Makro, Boots the chemist, Harrods etc. If you
have any queries or questions please do not hesitate to contact us. You can
call us on +44 (0)151 522 4100 Via E-mail at international@typhoo.com Or
alternatively you can write to: Typhoo Tea Limited Pasture Road Moreton
Wirral Merseyside CH46 8XF United Kingdom |
Industry
|
Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
|
||||||||||||
Financial
Summary
|
||||||||||||||||||||||
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6267523
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6281078
|
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Typhoo Tea Ltd. |
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|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Kolkata, West Bengal |
India |
Iron and Steel |
|
42,000 |
|
|
Subsidiary |
Kolkata |
India |
Food Processing |
22.5 |
|
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
108.1 |
277 |
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
375 |
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Wirral |
United Kingdom |
Food Processing |
|
|
|
|
Subsidiary |
Kolkata, West Bengal |
India |
Recreational Activities |
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|
Executives Report
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Return Date: 26 Sep 2012
Total Issued Capital (GBP 000): 31,510
|
Individual Directors |
|||||||
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|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
16 Mar 1955 |
14 Park Village West, |
20 Oct 2006 |
NA |
Current:3 |
|
|
|
Current |
03 Nov 1969 |
13A Alipore Road, Kolkata 700 027, |
04 Nov 2005 |
NA |
Current:1 |
|
|
|
Current |
22 Sep 1964 |
62 Reverdy Road, |
20 Oct 2006 |
NA |
Current:14 |
|
|
|
Current |
30 May 1959 |
84 Mymms Drive, Brookmans Park, |
23 Oct 2006 |
NA |
Current:1 |
|
|
|
Current |
28 Jul 1979 |
212 401 Po Box, |
20 Oct 2006 |
NA |
Current:1 |
|
|
|
Current |
15 Nov 1967 |
Flat Q, 82 Portland Place, |
04 Nov 2005 |
NA |
Current:18 |
|
|
|
Current |
25 Nov 1967 |
2 Sandpits Upton Lane, Upton, |
28 Mar 2009 |
NA |
Current:22 |
|
|
|
Current |
17 Jul 1972 |
Apeejay House 15 Park St, |
26 Mar 2012 |
NA |
Current:11 |
|
|
|
Current |
09 Sep 1956 |
Apeejay House 15 Park St, |
26 Mar 2012 |
NA |
Current:11 |
|
|
|
Current |
11 Nov 1956 |
Apeejay House 15 Park Street, |
26 Mar 2012 |
NA |
Current:11 |
|
|
|
Current |
20 Apr 1970 |
C/O Typhoo Tea Ltd Pasture Road, Moreton, |
26 Mar 2012 |
NA |
Current:11 |
|
|
|
Previous |
NA |
48 Croham Manor Road, |
26 Sep 2005 |
31 Dec 2007 |
Current:0 |
|
|
|
Previous |
NA |
Flat 8B Golf Towers, 9 Prince Gholam Md Shah Road, |
04 Nov 2005 |
30 Jun 2008 |
Current:0 |
|
|
|
Previous |
NA |
15 Shaftesbury Way, |
27 Jul 2006 |
28 Mar 2009 |
Current:0 |
|
|
|
Previous |
02 Jan 1954 |
21 Ashish Apts Raut Lane, Juhu, |
31 Dec 2007 |
30 Mar 2012 |
Current:0 |
|
|
|
Previous |
25 Sep 1946 |
Redwood House Lawnside, Albert Road South, |
26 Sep 2005 |
25 Sep 2006 |
Current:1 |
|
|
|
|
|
||||||
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|
||||||
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|
|
|
|
|
|
|
|
Corporate Directors |
|
|
|
There are no corporate directors for this company. |
|
|
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
25 Nov 1967 |
2 Sandpits Upton Lane, Upton, |
28 Mar 2009 |
NA |
Current:22 |
|
|
|
Previous |
NA |
15 Shaftesbury Way, |
27 Jul 2006 |
28 Mar 2009 |
Current:0 |
|
|
|
Previous |
08 Feb 1954 |
75 Gough Walk, Poplar, |
26 Sep 2005 |
03 Nov 2005 |
Current:0 |
|
|
|
Previous |
29 Oct 1953 |
9 Sowood Grange, |
04 Nov 2005 |
25 Jul 2006 |
Current:2 |
|
|
|
|
|
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|
||||||
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|
Corporate Secretaries |
||||
|
|
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Swift Incorporations Limited |
Previous |
1 Mitchell Lane, |
26 Sep 2005 |
26 Sep 2005 |
|
|
||||
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|
||||
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|
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|
Individual Shareholders |
||||||
|
|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Apeejay Tea (Panama) Inc |
7481500 Ordinary GBP 1.00 |
Ordinary |
7,481,500 |
1.00 |
7,481,500.00 |
23.74 |
|
International Beverages Inc |
13000065 Ordinary GBP 1.00 |
Ordinary |
13,000,065 |
1.00 |
13,000,065.00 |
41.26 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|||||||
|
|
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
04089328 |
11028535 Ordinary GBP 1.00 |
Ordinary |
11,028,535 |
1.00 |
11,028,535.00 |
35.00 |
|
|
|
|||||||
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
108.1 |
95.1 |
107.5 |
- |
113.8 |
|
Turnover (Exports) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Turnover |
108.1 |
95.1 |
107.5 |
93.9 |
113.8 |
|
Cost of Sales |
83.9 |
76.4 |
78.1 |
70.9 |
102.9 |
|
Gross Profit |
24.2 |
18.7 |
29.4 |
23.0 |
10.8 |
|
Depreciation |
1.8 |
1.7 |
1.7 |
2.9 |
5.0 |
|
Other Expenses |
18.0 |
19.4 |
25.2 |
22.0 |
13.5 |
|
Operating Profit |
6.2 |
-0.7 |
- |
- |
-2.6 |
|
Other Income |
0.6 |
0.0 |
0.0 |
0.0 |
0.2 |
|
Interest Paid |
10.3 |
11.4 |
8.2 |
9.8 |
17.9 |
|
Exceptional Income |
0.0 |
0.0 |
0.8 |
0.4 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
-3.5 |
-12.0 |
-3.2 |
-8.3 |
-20.3 |
|
Tax Payable / Credit |
0.5 |
0.1 |
0.1 |
0.0 |
0.4 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
-4.0 |
-12.1 |
-3.3 |
-8.3 |
-20.7 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
277 |
301 |
296 |
342 |
363 |
|
Wages |
11.7 |
13.1 |
15.1 |
15.4 |
20.7 |
|
Social Security Costs |
1.2 |
1.3 |
1.3 |
1.6 |
2.2 |
|
Pensions |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Pension Costs |
1.4 |
1.4 |
1.3 |
1.3 |
1.6 |
|
Employees Remuneration |
14.2 |
15.7 |
17.7 |
18.3 |
24.6 |
|
Directors Emoluments |
0.2 |
0.8 |
1.1 |
1.0 |
1.4 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.2 |
0.9 |
1.2 |
1.1 |
1.5 |
|
Highest Paid Director |
0.2 |
- |
- |
- |
- |
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
- |
12.0 |
11.6 |
- |
15.5 |
|
Fixtures & Fittings |
- |
7.6 |
7.5 |
- |
0.0 |
|
Plant & Vehicles |
- |
10.9 |
10.9 |
- |
21.7 |
|
Total Tangible Fixed Assets |
29.5 |
30.6 |
30.0 |
29.7 |
37.2 |
|
Intangible Assets |
102.8 |
103.6 |
98.2 |
92.9 |
129.1 |
|
Investments |
10.5 |
11.2 |
9.4 |
7.7 |
0.0 |
|
Total Fixed Assets |
142.7 |
145.4 |
137.6 |
130.4 |
166.3 |
|
Stocks |
14.6 |
13.9 |
12.5 |
13.2 |
- |
|
Work in Progress |
1.2 |
1.0 |
0.3 |
0.9 |
- |
|
Total Stocks Work In Progress |
15.8 |
14.9 |
12.8 |
14.2 |
14.4 |
|
Trade Debtors |
12.2 |
11.3 |
11.9 |
9.2 |
16.9 |
|
Inter-Company Debtors |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Debtors |
3.3 |
2.7 |
4.2 |
1.8 |
2.2 |
|
Total Debtors |
15.4 |
14.0 |
16.1 |
11.0 |
19.1 |
|
Cash and Equivalents |
0.3 |
1.4 |
1.0 |
2.7 |
1.5 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
1.0 |
0.0 |
|
Total Current Assets |
31.5 |
30.3 |
29.9 |
29.0 |
35.0 |
|
Total Assets |
174.2 |
175.6 |
167.5 |
159.4 |
201.2 |
|
Trade Creditors |
11.4 |
14.9 |
12.6 |
10.9 |
16.5 |
|
Bank Overdraft |
7.8 |
8.0 |
7.6 |
7.2 |
7.2 |
|
Inter-Company Creditors |
33.6 |
19.0 |
7.9 |
30.3 |
96.9 |
|
Director Loans (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
- |
- |
0.0 |
0.0 |
|
Total Short Term Loans |
0.7 |
0.3 |
0.0 |
0.0 |
12.5 |
|
Social Security/VAT |
0.3 |
0.3 |
0.3 |
0.3 |
0.5 |
|
Other Current Liabilities |
9.3 |
8.2 |
9.6 |
13.7 |
13.5 |
|
Total Current Liabilities |
63.1 |
50.7 |
38.0 |
62.3 |
147.1 |
|
Group Loans (Long Term Liability) |
84.3 |
89.5 |
85.3 |
53.5 |
10.9 |
|
Director Loans (Long Term Liability) |
0.0 |
- |
- |
- |
- |
|
Hire Purchase (Long Term Liability) |
0.0 |
- |
- |
- |
- |
|
Leasing (Long Term Liability) |
0.0 |
- |
- |
- |
- |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
- |
- |
- |
- |
|
Other Long Term Loans |
8.2 |
8.4 |
7.8 |
8.4 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
1.2 |
5.3 |
4.2 |
3.0 |
6.3 |
|
Total Long Term Liabilities |
93.6 |
103.2 |
97.2 |
64.9 |
17.2 |
|
Deferred Taxation |
10.5 |
11.2 |
9.4 |
7.7 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
10.5 |
11.2 |
9.4 |
7.7 |
0.0 |
|
Issued Capital |
50.2 |
50.5 |
47.8 |
45.2 |
62.6 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
12.0 |
11.6 |
11.1 |
8.8 |
|
Retained Earnings |
11.7 |
-52.0 |
-36.5 |
-31.8 |
-34.4 |
|
Other Reserves |
-54.9 |
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 |
7.0 |
10.5 |
22.9 |
24.5 |
37.0 |
|
Net Worth |
-95.7 |
-93.1 |
-75.3 |
-68.5 |
-92.1 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
0.50 |
0.60 |
0.79 |
0.47 |
0.24 |
|
Liquidity Ratio |
0.25 |
0.30 |
0.45 |
0.24 |
0.14 |
|
Stock Turnover |
6.84 |
6.59 |
7.99 |
5.62 |
7.83 |
|
Credit Period (Days) |
41.13 |
42.00 |
42.36 |
42.26 |
54.79 |
|
Working Capital by Sales |
-29.25% |
-20.86% |
-7.88% |
-41.76% |
-99.49% |
|
Trade Credit by Debtors |
0.94 |
1.32 |
1.06 |
1.18 |
0.98 |
|
Return on Capital |
-3.10% |
-9.94% |
-2.33% |
-7.31% |
-37.15% |
|
Return on Assets |
-1.98% |
-7.07% |
-1.80% |
-4.45% |
-10.00% |
|
Profit Margin |
-3.19% |
-12.65% |
-2.95% |
-8.89% |
-17.86% |
|
Return on Shareholders Funds |
-49.04% |
-117.77% |
-13.18% |
-28.99% |
-54.42% |
|
Borrowing Ratio |
-140.54% |
-134.50% |
-144.08% |
-145.10% |
-138.33% |
|
Equity Gearing |
4.03% |
6.00% |
13.66% |
15.35% |
18.38% |
|
Debt Gearing |
-96.56% |
-105.14% |
-123.53% |
-90.43% |
-11.79% |
|
Interest Coverage |
-0.34 |
-1.06 |
-0.39 |
-0.86 |
-1.14 |
|
Sales by Tangible Assets |
3.66 |
3.21 |
3.42 |
2.68 |
3.03 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Sales per Employee |
0.4 |
0.3 |
0.3 |
0.2 |
0.3 |
|
Capital Employed per Employee |
0.4 |
0.4 |
0.4 |
0.3 |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.6 |
0.6 |
0.6 |
0.5 |
0.6 |
|
Employee Remuneration by Sales |
13.18% |
16.52% |
16.44% |
19.46% |
21.58% |
|
Creditor Days (Cost of Sales Based) |
49.70 |
68.89 |
61.84 |
65.99 |
59.10 |
|
Creditor Days (Sales Based) |
38.57 |
55.32 |
44.94 |
49.81 |
53.47 |
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 : |
PRL |
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.