|
Report Date : |
25.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
FENDER CARE LTD. |
|
|
|
|
Registered Office : |
Enterprise House
Harveys Lane Seething Norwich, NR15 1EN |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
14.06.1988 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Provider of marine solutions |
|
|
|
|
No. of Employees : |
100 |
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 : |
No Complaints |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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 third largest economy in Europe after Germany and France. 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 aims 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 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. 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).
Source
: CIA
Fender Care Ltd.
|
|
|
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Business Description
|
Fender Care Ltd. is a provider of marine
solutions in the United Kingdom. The company offers various products,
including deck hardware, fenders, marine equipment, quayside furniture, and
subsurface and surface buoyancy devices. It provides marine equipment, such
as anchors, chains and fittings, chasers and grapnels, ropes, shackles, wire
ropes and fittings. In addition, it designs and manufactures foam for
subsurface buoyancy and floating aids, berthing and mooring, as well as
lightweight fender systems for the military, commercial and leisure sectors.
It also designs and manufactures deck mooring equipment and marine hardware,
such as fairleads, chocks, deck rollers, brackets, chain stoppers and quick
release mooring hooks. |
Industry
|
Industry |
|
|
ANZSIC 2006: |
6999 - Other Professional, Scientific and Technical
Services Not Elsewhere Classified |
|
NACE 2002: |
|
|
NAICS 2002: |
|
|
UK SIC 2003: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
Key Executives
|
Financial Summary
|
||||||||||||||||||||
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Fender Care Ltd. |
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Barrow In Furness |
United Kingdom |
Water Transportation |
493.2 |
1,646 |
|
|
Subsidiary |
Westhill |
United Kingdom |
Miscellaneous Fabricated Products |
55.0 |
242 |
|
|
Subsidiary |
Chertsey |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
UK Branch/Trading address |
Stirling |
United Kingdom |
Fabricated Plastic and Rubber |
|
8 |
|
|
Subsidiary |
Westhill |
United Kingdom |
Miscellaneous Fabricated Products |
|
|
|
|
Subsidiary |
Barrow-in-Furness |
United Kingdom |
Nonclassifiable Industries |
|
150 |
|
|
Subsidiary |
Barrow-In-Furness |
United Kingdom |
Engineering Consultants |
|
100 |
|
|
Subsidiary |
Barrow-in-Furness |
United Kingdom |
Public Sector and Government |
48.5 |
98 |
|
|
Subsidiary |
Inverurie |
United Kingdom |
Personal Services |
16.6 |
65 |
|
|
Subsidiary |
London |
United Kingdom |
|
|
60 |
|
|
Subsidiary |
Cowes |
United Kingdom |
Aerospace and Defense |
|
60 |
|
|
Subsidiary |
Cowes |
United Kingdom |
Business Services |
|
60 |
|
|
Subsidiary |
Bradford On Avon |
United Kingdom |
Engineering Consultants |
|
50 |
|
|
Subsidiary |
Puchong, Senalgor Darul Ehsan |
Malaysia |
Miscellaneous Capital Goods |
|
16 |
|
|
Subsidiary |
Notteroy |
Norway |
Miscellaneous Capital Goods |
2.1 |
8 |
|
|
Subsidiary |
Barrow-in-Furness |
United Kingdom |
Water Transportation |
12.0 |
59 |
|
|
Subsidiary |
Egremont |
United Kingdom |
Miscellaneous Capital Goods |
|
40 |
|
|
Subsidiary |
Leyland |
United Kingdom |
Computer Services |
42.2 |
229 |
|
|
Subsidiary |
Preston |
United Kingdom |
Engineering Consultants |
|
100 |
|
|
Subsidiary |
Northwich |
United Kingdom |
Engineering Consultants |
|
|
|
|
UK Branch/Trading address |
Liverpool |
United Kingdom |
Engineering Consultants |
|
9 |
|
|
Subsidiary |
Malton |
United Kingdom |
Electronic Instruments and Controls |
24.0 |
91 |
|
|
Subsidiary |
Malton |
United Kingdom |
Business Services |
|
70 |
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
|
9 |
|
|
Subsidiary |
Egremont |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Inverurie |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Inverurie |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
UK Branch/Trading address |
Aberdeen |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
UK Branch/Trading address |
Aberdeen |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Stavanger |
Norway |
Miscellaneous Capital Goods |
14.3 |
35 |
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Rental and Leasing |
12.9 |
34 |
|
|
Subsidiary |
Inverurie |
United Kingdom |
Electronic Instruments and Controls |
3.7 |
14 |
|
|
Subsidiary |
Inverurie |
United Kingdom |
Miscellaneous Capital Goods |
|
30 |
|
|
Subsidiary |
Inverurie |
United Kingdom |
Business Services |
4.5 |
27 |
|
|
Subsidiary |
Singapore |
Singapore |
Engineering Consultants |
|
25 |
|
|
Subsidiary |
Fremantle, WA |
Australia |
Engineering Consultants |
1.7 |
20 |
|
|
Subsidiary |
Sandnes |
Norway |
Miscellaneous Transportation |
|
20 |
|
|
Subsidiary |
Oldmeldrum |
United Kingdom |
Miscellaneous Capital Goods |
|
20 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Business Services |
|
14 |
|
|
Joint Venture |
Puchong |
Malaysia |
Business Services |
|
11 |
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Water Transportation |
0.6 |
9 |
|
|
Subsidiary |
Oldmeldrum |
United Kingdom |
Engineering Consultants |
|
6 |
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
1.3 |
5 |
|
|
Subsidiary |
Cowes |
United Kingdom |
Scientific and Technical Instruments |
17.5 |
82 |
|
|
UK Branch/Trading address |
Radstock |
United Kingdom |
Construction - Supplies and Fixtures |
17.5 |
30 |
|
|
Subsidiary |
Cowes |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Poole |
United Kingdom |
Scientific and Technical Instruments |
5.8 |
37 |
|
|
Subsidiary |
Aberdeen |
United Kingdom |
Scientific and Technical Instruments |
3.1 |
22 |
|
|
Subsidiary |
Norwich |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Ilford |
United Kingdom |
|
|
5 |
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
|
4 |
|
|
Subsidiary |
Barrow-In-Furness |
United Kingdom |
Water Transportation |
0.1 |
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Water Transportation |
0.0 |
|
|
|
Subsidiary |
Plymouth |
United Kingdom |
Miscellaneous Transportation |
5.7 |
18 |
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Water Transportation |
0.6 |
|
|
|
Subsidiary |
Inverurie |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
0.0 |
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Norwich |
United Kingdom |
Business Services |
69.3 |
100 |
|
|
Subsidiary |
Barrow-In-Furness |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Public Sector and Government |
|
|
|
|
Subsidiary |
Norwich |
United Kingdom |
Business Services |
15.1 |
26 |
|
|
Division |
Norfolk |
United Kingdom |
Miscellaneous Transportation |
|
150 |
|
|
Division |
Norfolk |
United Kingdom |
Construction - Supplies and Fixtures |
|
100 |
|
|
Division |
Norfolk |
United Kingdom |
Containers and Packaging |
|
100 |
|
|
Division |
Norfolk |
United Kingdom |
Construction - Supplies and Fixtures |
|
70 |
|
|
Division |
Norfolk |
United Kingdom |
Miscellaneous Transportation |
|
50 |
|
|
Subsidiary |
Barrow-in-Furness |
United Kingdom |
Water Transportation |
|
|
|
|
Subsidiary |
London |
United Kingdom |
Water Transportation |
101.4 |
18 |
|
|
Subsidiary |
Aberdeen |
United Kingdom |
Rental and Leasing |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Miscellaneous Financial Services |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Public Sector and Government |
|
|
|
|
Subsidiary |
Barrow In Furness |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Inverurie |
United Kingdom |
Construction and Agriculture Machinery |
|
70 |
|
|
Subsidiary |
Inverurie |
United Kingdom |
Construction and Agriculture Machinery |
|
|
|
|
Subsidiary |
Plymouth |
United Kingdom |
Miscellaneous Transportation |
|
|
|
|
Subsidiary |
Deeside |
United Kingdom |
Jewelry and Silverware |
|
|
|
|
Subsidiary |
Perth |
Australia |
Oil Well Services and Equipment |
|
|
|
|
Subsidiary |
Perth, WA |
Australia |
Engineering Consultants |
|
|
|
|
Subsidiary |
Fremantle, WA |
Australia |
Engineering Consultants |
|
|
|
|
Subsidiary |
Stavanger, Rogaland |
Norway |
Engineering Consultants |
|
|
|
|
Subsidiary |
Singapore |
Singapore |
Water Transportation |
|
|
Executives
Report
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual Return
Date: 30 Nov 2012
Total Issued Capital (GBP 000): 11
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
24 Jun 1972 |
Fisher House Po Box 4, Barrow In Furness, |
05 Jan 2011 |
NA |
Current:1 |
|
|
|
Current |
07 Mar 1968 |
Fisher House Po Box 4, Barrow In Furness, |
14 Oct 2012 |
NA |
Current:2 |
|
|
|
Current |
02 Mar 1958 |
Fisher House, Po Box 4, |
20 Feb 1997 |
NA |
Current:10 |
|
|
|
Current |
26 Jul 1966 |
Fisher House Po Box 4, Barrow In Furness, |
01 Aug 2011 |
NA |
Current:1 |
|
|
|
Current |
25 Jan 1966 |
Fisher House Po Box 4, Barrow In Furness, |
01 Oct 2001 |
NA |
Current:2 |
|
|
|
Current |
25 Aug 1955 |
Fisher House Po Box 4, Barrow In Furness, |
01 Oct 2001 |
NA |
Current:1 |
|
|
|
Current |
11 Jan 1963 |
Fisher House Po Box 4, Barrow In Furness, |
29 Aug 2007 |
NA |
Current:5 |
|
|
|
Previous |
07 Dec 1925 |
The Coppins Butt Lane, Burgh Castle, |
01 May 2001 |
15 Mar 2005 |
Current:0 |
|
|
|
Previous |
28 May 1959 |
Unit 1 Diss Business Centre Dark Lane,
Scole, |
30 Nov 1991 |
29 Aug 2007 |
Current:5 |
|
|
|
Previous |
17 Jan 1947 |
The Shambles, 14 Kinnaird Way, |
10 Jul 2000 |
17 Mar 2006 |
Current:0 |
|
|
|
Previous |
26 May 1954 |
Plumstead Hall Farm, Matlaske, |
01 Jul 1997 |
30 Apr 2000 |
Current:0 |
|
|
|
Previous |
04 Dec 1962 |
La Finca Low Street, Ilketshall St
Margaret, |
25 Jun 1993 |
12 Sep 2001 |
Current:0 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
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 |
20 Jan 1960 |
North Meadows, Oldmeldrum, |
18 Mar 2005 |
NA |
Current:23 |
|
|
|
Previous |
07 Dec 1925 |
The Coppins Butt Lane, Burgh Castle, |
30 Nov 1991 |
31 Mar 1997 |
Current:0 |
|
|
|
Previous |
02 Mar 1958 |
Fisher House, Po Box 4, |
31 Mar 1997 |
17 Mar 2005 |
Current:10 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this
company. |
|
|
|
Individual Shareholders |
||||||
|
|
||||||
|
There are no individual shareholders for
this company. |
||||||
|
|
||||||
|
|
||||||
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|||||||
|
|
|||||||
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
03225283 |
9450 Ordinary GBP 1.00 |
Ordinary |
9,450 |
1.00 |
9,450.00 |
84.53 |
|
|
03225283 |
1729 A Ordinary GBP 1.00 |
A Ordinary |
1,729 |
1.00 |
1,729.00 |
15.47 |
|
|
|
|||||||
|
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 |
|
|
|
|
|
|
|
|
Total Turnover |
69.3 |
51.3 |
45.0 |
35.4 |
33.6 |
|
Cost of Sales |
55.0 |
37.2 |
33.9 |
26.8 |
24.5 |
|
Gross Profit |
14.3 |
14.1 |
11.1 |
8.6 |
9.1 |
|
Depreciation |
0.9 |
0.7 |
0.5 |
0.6 |
0.5 |
|
Other Expenses |
8.4 |
6.6 |
7.6 |
4.5 |
5.9 |
|
Operating Profit |
6.0 |
7.5 |
3.5 |
4.1 |
3.2 |
|
Other Income |
0.3 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Interest Paid |
0.2 |
0.2 |
0.1 |
0.0 |
0.1 |
|
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 |
6.0 |
7.5 |
3.5 |
4.1 |
3.1 |
|
Tax Payable / Credit |
1.6 |
2.2 |
1.0 |
1.4 |
1.3 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
5.5 |
5.3 |
2.3 |
1.8 |
0.0 |
|
Profit After Taxes |
-1.1 |
0.1 |
0.1 |
0.8 |
1.8 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Non Audit Fees |
- |
- |
- |
- |
0.0 |
|
Number of Employees |
100 |
114 |
95 |
79 |
62 |
|
Wages |
4.5 |
4.4 |
3.6 |
3.4 |
2.9 |
|
Social Security Costs |
0.7 |
0.7 |
0.5 |
0.4 |
0.4 |
|
Pensions |
- |
0.0 |
0.0 |
0.1 |
0.0 |
|
Other Pension Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employees Remuneration |
5.3 |
5.2 |
4.2 |
3.9 |
3.4 |
|
Directors Emoluments |
- |
2.0 |
1.1 |
0.8 |
0.7 |
|
Other Costs |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
- |
2.0 |
1.1 |
0.9 |
0.8 |
|
Highest Paid Director |
- |
1.5 |
0.7 |
0.5 |
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 |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Fixtures & Fittings |
0.3 |
0.3 |
0.3 |
0.2 |
0.4 |
|
Plant & Vehicles |
4.6 |
4.6 |
3.1 |
1.7 |
2.6 |
|
Total Tangible Fixed Assets |
6.6 |
5.1 |
3.6 |
2.1 |
3.1 |
|
Intangible Assets |
0.6 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Investments |
0.0 |
0.9 |
0.9 |
0.8 |
0.0 |
|
Total Fixed Assets |
7.1 |
6.1 |
4.6 |
3.1 |
3.4 |
|
Stocks |
- |
8.4 |
8.3 |
6.9 |
5.5 |
|
Work in Progress |
- |
0.3 |
0.1 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
6.6 |
8.6 |
8.5 |
6.9 |
5.5 |
|
Trade Debtors |
- |
9.7 |
8.2 |
5.3 |
10.4 |
|
Inter-Company Debtors |
- |
26.4 |
17.4 |
7.8 |
0.0 |
|
Other Debtors |
- |
2.2 |
0.9 |
0.6 |
1.0 |
|
Total Debtors |
31.4 |
38.3 |
26.5 |
13.7 |
11.4 |
|
Cash and Equivalents |
2.3 |
5.5 |
3.4 |
2.8 |
0.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
40.3 |
52.4 |
38.4 |
23.5 |
17.2 |
|
Total Assets |
47.4 |
58.6 |
43.0 |
26.5 |
20.5 |
|
Trade Creditors |
- |
3.8 |
3.6 |
2.0 |
3.3 |
|
Inter-Company Creditors |
- |
37.7 |
22.1 |
8.9 |
1.3 |
|
Total Short Term Loans |
- |
0.0 |
2.8 |
2.7 |
2.5 |
|
Accruals/Deferred Income (Current
Liability) |
- |
7.1 |
3.9 |
4.6 |
3.8 |
|
Social Security/VAT |
- |
0.1 |
0.1 |
0.2 |
0.3 |
|
Corporation Tax |
- |
3.2 |
3.7 |
2.3 |
1.8 |
|
Other Current Liabilities |
12.3 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
12.3 |
52.0 |
36.3 |
20.7 |
13.0 |
|
Group Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term
Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term
Liability) |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
29.6 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
29.6 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
- |
0.2 |
0.2 |
0.2 |
0.3 |
|
Other Provisions |
0.3 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Total Provisions |
0.3 |
0.2 |
0.2 |
0.2 |
0.6 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
5.0 |
6.1 |
6.2 |
5.4 |
6.6 |
|
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 |
5.2 |
6.3 |
6.4 |
5.6 |
6.9 |
|
Net Worth |
4.7 |
6.2 |
6.4 |
5.5 |
6.6 |
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
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 |
3.28 |
1.01 |
1.06 |
1.13 |
1.32 |
|
Liquidity Ratio |
2.74 |
0.84 |
0.82 |
0.80 |
0.89 |
|
Stock Turnover |
10.13 |
6.03 |
5.52 |
4.02 |
6.03 |
|
Credit Period (Days) |
- |
67.91 |
64.35 |
70.12 |
113.36 |
|
Working Capital by Sales |
41.66% |
0.76% |
4.43% |
10.02% |
12.39% |
|
Trade Credit by Debtors |
- |
0.39 |
0.44 |
0.37 |
0.32 |
|
Return on Capital |
16.58% |
115.60% |
54.75% |
54.65% |
41.59% |
|
Return on Assets |
12.29% |
12.91% |
8.44% |
12.03% |
15.18% |
|
Profit Margin |
8.67% |
14.53% |
7.78% |
11.50% |
9.32% |
|
Return on Shareholders Funds |
111.38% |
120.06% |
56.30% |
56.74% |
45.32% |
|
Borrowing Ratio |
- |
611.67% |
390.54% |
209.01% |
57.21% |
|
Equity Gearing |
11.04% |
10.76% |
15.00% |
21.21% |
33.50% |
|
Interest Coverage |
24.21 |
48.13 |
48.47 |
88.46 |
36.92 |
|
Sales by Tangible Assets |
10.22 |
10.17 |
12.98 |
12.99 |
10.70 |
|
Average Remuneration per Employee |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Profit per Employee |
0.1 |
0.1 |
0.0 |
0.0 |
0.1 |
|
Sales per Employee |
0.7 |
0.5 |
0.5 |
0.4 |
0.5 |
|
Capital Employed per Employee |
0.4 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Assets per Employee |
0.5 |
0.5 |
0.5 |
0.3 |
0.3 |
|
Employee Remuneration by Sales |
7.64% |
10.16% |
9.36% |
11.05% |
10.26% |
|
Creditor Days (Cost of Sales Based) |
- |
36.68 |
37.24 |
34.65 |
49.15 |
|
Creditor Days (Sales Based) |
- |
26.59 |
28.08 |
26.25 |
35.88 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.56 |
|
Euro |
1 |
Rs.70.10 |
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.