MIRA
INFORM REPORT
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Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
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Name : |
UNICOLOUR LTD. |
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Registered Office : |
Tandem Works, Wakefield Road, Waterloo, Huddersfield, HD5 0AN |
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Country : |
United Kingdom |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
22.03.1984 |
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Com. Reg. No.: |
01802229 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Chemical merchants |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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
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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
Unicolour Ltd.
Tandem Works
Wakefield Road
Tandem
Huddersfield, HD5 0AN
United Kingdom
(Trading Address)
Registered Address
Tel: 01484 516974
Synthesis
Employees: NA
Company Type: Private Independent
Quoted Status: Non-quoted Company
Incorporation Date:
22-Mar-1984
Financials in: USD
(Millions)
Fiscal Year End:
31-Jul-2012
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Total Assets: 2.4
Business Description
Chemical merchants.
Industry
Industry Chemical Manufacturing
ANZSIC 2006: 1813 - Basic
Inorganic Chemical Manufacturing
NACE 2002: 2412 - Manufacture
of dyes and pigments
NAICS 2002: 32513 - Synthetic
Dye and Pigment Manufacturing
UK SIC 2003: 2412 - Manufacture
of dyes and pigments
UK SIC 2007: 2012 - Manufacture
of dyes and pigments
US SIC 1987: 2816 - Inorganic
Pigments
Key Executives
Name Title
Jillian Margaret Gleason Secretary
Edward Michael Fair Gleason Director
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.633217
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6373146
Corporate Overview
Location
Tandem Works
Wakefield Road
Tandem
Huddersfield, HD5 0AN
West Yorkshire County
United Kingdom
Tel: 01484 516974
Sales GBP(mil): NA
Assets GBP(mil): 1.5
Employees: NA
Fiscal Year End: 31-Jul-2012
Industry: Chemical Manufacturing
Registered
Address:
Tandem Works
Wakefield Road
Waterloo
Huddersfield, HD5 0AN
United Kingdom
Incorporation Date: 22-Mar-1984
Company Type : Private Independent
Quoted Status: Not Quoted
Registered No.(UK): 01802229
Director: Edward Michael Fair Gleason
Industry Codes
ANZSIC 2006 Codes:
1813 - Basic Inorganic Chemical Manufacturing
NACE 2002 Codes:
2412 - Manufacture of dyes and pigments
NAICS 2002 Codes:
32513 - Synthetic Dye and Pigment Manufacturing
US SIC 1987:
2816 - Inorganic Pigments
UK SIC 2003:
2412 - Manufacture of dyes and pigments
UK SIC 2007:
2012 - Manufacture of dyes and pigments
Business
Description
Chemical merchants.
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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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Executives |
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Secretary |
Company Secretary |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01484
516974 |
Annual Return Date: 04
Dec 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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Edward Michael Fair |
Current |
08 Nov 1949 |
Steanard House 18 Steanard Lane, Hopton, |
04 Dec 1991 |
NA |
Current:1 |
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John Edward |
Previous |
20 May 1937 |
Spinney Bank 45 Church Lane, South Crosland, |
04 Dec 1991 |
21 Jan 1999 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Jillian Margaret |
Current |
NA |
18 Steanard Lane, |
21 Jan 1999 |
NA |
Current:1 |
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John Edward |
Previous |
20 May 1937 |
Spinney Bank 45 Church Lane, South Crosland, |
04 Dec 1991 |
21 Jan 1999 |
Current:0 |
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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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Edward Michael Fair Gleason |
25001 Ordinary GBP 1.00 |
Ordinary |
25,001 |
1.00 |
25,001.00 |
50.00 |
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Jillian Margaret Gleason |
24999 Ordinary GBP 1.00 |
Ordinary |
24,999 |
1.00 |
24,999.00 |
50.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.633217 |
0.626063 |
0.637195 |
0.636663 |
0.500129 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.637315 |
0.609199 |
0.638529 |
0.603191 |
0.504821 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Tangible Fixed Assets |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
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Total Stocks Work In Progress |
1.1 |
1.0 |
0.7 |
0.7 |
0.8 |
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Total Debtors |
1.0 |
1.4 |
0.8 |
0.6 |
1.0 |
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Cash and Equivalents |
0.2 |
0.2 |
0.2 |
0.0 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
2.2 |
2.5 |
1.7 |
1.3 |
1.9 |
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Total Assets |
2.4 |
2.7 |
1.9 |
1.5 |
2.1 |
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Other Current Liabilities |
1.2 |
1.5 |
0.8 |
0.6 |
0.9 |
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Total Current Liabilities |
1.2 |
1.5 |
0.8 |
0.6 |
0.9 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Deferred Taxation |
- |
- |
- |
0.0 |
0.0 |
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Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Issued Capital |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
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Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Retained Earnings |
1.1 |
1.1 |
0.9 |
0.8 |
1.1 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
1.1 |
1.2 |
1.0 |
0.9 |
1.2 |
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Net Worth |
1.1 |
1.2 |
1.0 |
0.9 |
1.2 |
Annual Cash Flows
Financials in: USD (mil)
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31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.633217 |
0.626063 |
0.637195 |
0.636663 |
0.500129 |
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Consolidated |
No |
No |
No |
No |
No |
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Annual Ratios
Financials in: USD (mil)
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|
31-Jul-2012 |
31-Jul-2011 |
31-Jul-2010 |
31-Jul-2009 |
31-Jul-2008 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.637315 |
0.609199 |
0.638529 |
0.603191 |
0.504821 |
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Consolidated |
No |
No |
No |
No |
No |
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Current Ratio |
1.86 |
1.70 |
2.02 |
2.21 |
2.01 |
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Liquidity Ratio |
0.96 |
1.05 |
1.23 |
1.06 |
1.12 |
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Equity Gearing |
48.88% |
44.22% |
54.18% |
60.42% |
55.94% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.59.85 |
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UK Pound |
1 |
Rs.92.31 |
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Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.