MIRA INFORM REPORT

 

 

Report Date :

03.05.2013

 

IDENTIFICATION DETAILS

 

Name :

A B Graphic International Ltd.

 

 

Registered Office :

Carnaby Industrial Estate, Lancaster Road, Carnaby, Bridlington, YO15 3QY

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2011

 

 

Date of Incorporation :

15.09.1954

 

 

Com. Reg. No.:

00538043

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Precision engineering and the design and manufacture of machines and materials, principally for the paper converting trade.

 

 

No. of Employees :

182

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

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 – 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

 

Company Name and Address

 

A B Graphic International Ltd.

 

Carnaby Industrial Estate

Lancaster Road

Carnaby

Bridlington, YO15 3QY

United Kingdom

(Trading Address)

 

Tel:

01377 217143

Fax:

01262 606359

www.abginc.com

 

Employees:

182

Company Type:

Private Subsidiary

Corporate Family:

5 Companies

Ultimate Parent:

G.H.B. (Holding) Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

15-Sep-1954

Auditor:

Deloitte LLP

Financials in:

 

 

Fiscal Year End:

30-Apr-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

42.2  1

Net Income:

2.4

Total Assets:

30.0

 

Business Description

 

 

Precision engineering and the design and manufacture of machines and materials, principally for the paper converting trade.

 

 

Industry

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

NACE 2002:

2924 - Manufacture of other general purpose machinery not elsewhere classified

NAICS 2002:

33399 - All Other General Purpose Machinery Manufacturing

UK SIC 2003:

2924 - Manufacture of other general purpose machinery not elsewhere classified

UK SIC 2007:

2829 - Manufacture of other general-purpose machinery n.e.c.

US SIC 1987:

3569 - General Industrial Machinery and Equipment, Not Elsewhere Classified

 

 

Key Executives

 

 

Name

Title

Leslie John Lowde

Finance Director

Tony William Harry Bell

Director

Michael Peter Burton

Director

David Kirkham

Director

David Lawson

Director

 

NEWS

 

Title

Date

PRECISION RING TRACK GREATLY SIMPLIFIES NEW TURRET MECHANISM
Process and Control Today (481 Words)

2-May-2013

Expanded production capabilities with the HSR 430
Company and Organization Website News (352 Words)

1-May-2013

AB Graphic installs label converting line at Thai Prasert
Packaging Business Review (28 Words)

1-Apr-2013

UK first for Springfield with laser label cutting system
Graphic Repro On-line (554 Words)

26-Mar-2013

Etiketten CARINI Continues to Invest in Digital with a new HP Indigo WS6600 Digital Press
Global Print Monitor (540 Words)

22-Mar-2013

Etiketten CARINI Continues to Invest in Digital with a new HP Indigo WS6600 Digital Press
The Bespoke Agency (570 Words)

20-Mar-2013

 

 

Financial Summary

 

 

FYE: 30-Apr-2012

USD (mil)

Key Figures

 

Current Assets

26.91

Fixed Assets

3.09

Total Liabilities

13.72

Net Worth

14.62

 

Key Ratios

 

Current Ratio

1.96

Acid Test

1.31

 

Registered No.(UK): 00538043

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.627861

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6148738

 

 

Corporate Overview

 

 

Location
Carnaby Industrial Estate
Lancaster Road
Carnaby
Bridlington, YO15 3QY
North Humberside County
United Kingdom

 

Tel:

01377 217143

Fax:

01262 606359

 

www.abginc.com

Sales GBP(mil):

26.5

Assets GBP(mil):

18.4

Employees:

182

Fiscal Year End:

30-Apr-2012

 

Industry:

Miscellaneous Capital Goods

Registered Address:
Celebration House, Stanley
Street Burton On Trent
Burton On Trent, DE14 1DY
United Kingdom

 

Incorporation Date:

15-Sep-1954

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

00538043

 

Director:

Tony William Harry Bell

 

 

Industry Codes

 

 

 

ANZSIC 2006 Codes:

2499

-

Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

2924

-

Manufacture of other general purpose machinery not elsewhere classified

 

NAICS 2002 Codes:

33399

-

All Other General Purpose Machinery Manufacturing

 

US SIC 1987:

3569

-

General Industrial Machinery and Equipment, Not Elsewhere Classified

 

UK SIC 2003:

2924

-

Manufacture of other general purpose machinery not elsewhere classified

 

UK SIC 2007:

2829

-

Manufacture of other general-purpose machinery n.e.c.

 

 

Business Description

Precision engineering and the design and manufacture of machines and materials, principally for the paper converting trade.

 

 

 

 

 

 

More Business Descriptions

Labelling Stamping and Imprinting Equipment

 

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Financial Data

 

 

Financials in:

GBP(mil)

 

Revenue:

26.5

Net Income:

1.5

Assets:

18.4

Current Assets:

16.5

 

Fixed Assets:

1.9

 

Long Term Debt:

0.0

 

Total Liabilities:

8.5

 

Issued Capital:

0.0

 

Working Capital:

8.1

 

Net Worth:

9.0

 

 

 

Date of Financial Data:

30-Apr-2012

 

1 Year Growth

11.4%

NA

0.0%

 

 

Key Corporate Relationships

 

 

Auditor:

Deloitte LLP

 

Auditor:

Deloitte LLP

 

Auditor History

Deloitte LLP

30-Apr-2012

Deloitte LLP

30-Apr-2011

Deloitte LLP

30-Apr-2010

Deloitte LLP

30-Apr-2009

Deloitte LLP

30-Apr-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

04-30-2012

 

 

 

 

 

Total Corporate Family Members: 5

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

G.H.B. (Holding) Ltd.

Parent

Bridlington

United Kingdom

Miscellaneous Capital Goods

54.9

242

 

A B Graphic International Ltd.

Subsidiary

Bridlington

United Kingdom

Miscellaneous Capital Goods

42.2

182

 

A B Graphic International Ltd.

UK Branch/Trading address

Driffield

United Kingdom

Construction and Agriculture Machinery

42.2

40

 

Burton Engineering Co. Ltd.

Subsidiary

Burton On Trent

United Kingdom

Miscellaneous Capital Goods

 

 

 

A. B. Graphic Machinery Ltd.

Subsidiary

Burton On Trent

United Kingdom

Miscellaneous Capital Goods

 

 

 

 

 

Executives report

 

Board of Directors

 

Name

Title

Function

 

Tony William Harry Bell

 

Director

Director/Board Member

 

Age: 55

 

Michael Peter Burton

 

Director

Director/Board Member

 

 

Age: 53

 

David Kirkham

 

Director

Director/Board Member

 

 

Age: 61

 

David Lawson

 

Director

Director/Board Member

 

 

Age: 58

 

 

Executives

 

Name

Title

Function

 

Leslie John Lowde

 

Finance Director

Finance Executive

 

Age: 57

 

 

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

David
Kirkham

Current

27 Jan 1952

Celebration House Stanley, Street Burton-On-Trent,
Burton-On-Trent, Staffordshire DE14 1DY

01 Oct 1999

NA

Current:1
Previous:0
Disqualifications:0

 

David
Lawson

Current

11 Jul 1954

Celebration House Stanley, Street Burton-On-Trent,
Burton-On-Trent, Staffordshire DE14 1DY

17 Dec 2004

NA

Current:1
Previous:0
Disqualifications:0

 

Tony William Harry
Bell

Current

04 Dec 1957

Celebration House Stanley, Street Burton-On-Trent,
Burton-On-Trent, Staffordshire DE14 1DY

17 Dec 2004

NA

Current:1
Previous:0
Disqualifications:0

 

Michael Peter
Burton

Current

11 Sep 1959

Celebration House Stanley, Street Burton-On-Trent,
Burton-On-Trent, Staffordshire DE14 1DY

30 Sep 1991

NA

Current:10
Previous:3
Disqualifications:0

 

Leslie John
Lowde

Current

09 Feb 1956

62 Beverley Road,
Driffield, North Humberside YO25 6RZ

17 Dec 2004

NA

Current:7
Previous:2
Disqualifications:0

 

Charles Nicholas
Burton

Current

08 Mar 1957

Celebration House Stanley, Street Burton-On-Trent,
Burton-On-Trent, Staffordshire DE14 1DY

30 Sep 1991

NA

Current:7
Previous:2
Disqualifications:0

 

Anthony
Stevenson

Previous

22 Aug 1945

1 Wheatley Drive,
Bridlington, North Humberside YO16 6TN

07 Jul 2003

17 Dec 2004

Current:0
Previous:2
Disqualifications:0

 

Christopher Albert Spencer
Slingsby

Previous

08 Feb 1940

2 Lamplugh Road,
Bridlington, North Humberside YO15 2JU

30 Sep 1991

23 Feb 2001

Current:0
Previous:3
Disqualifications:0

 

Ann Marie
Burton

Previous

11 Jul 1932

73 South Back Lane,
Bridlington, North Humberside YO16 4AG

30 Sep 1991

11 Jul 2002

Current:0
Previous:13
Disqualifications: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

 

Leslie John
Lowde

Current

09 Feb 1956

62 Beverley Road,
Driffield, North Humberside YO25 6RZ

01 Jun 1995

NA

Current:7
Previous:2
Disqualifications:0

 

Ann Marie
Burton

Previous

11 Jul 1932

73 South Back Lane,
Bridlington, North Humberside YO16 4AG

30 Sep 1991

01 Jun 1995

Current:0
Previous:13
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

G H B Holding Ltd

01293337

19999 Ordinary GBP 1.00

Ordinary

19,999

1.00

19,999.00

100.00

G H B Holding Ltd

01293337

1 Ordinary GBP 1.00

Ordinary

1

1.00

1.00

<0.01

 

 

 

News

 

 

 

PRECISION RING TRACK GREATLY SIMPLIFIES NEW TURRET MECHANISM
Process and Control Today (481 Words)

02-May-2013

 

 

Expanded production capabilities with the HSR 430
Company and Organization Website News (352 Words)

01-May-2013

 

 

AB Graphic installs label converting line at Thai Prasert
Packaging Business Review (28 Words)

01-Apr-2013

 

 

UK first for Springfield with laser label cutting system
Graphic Repro On-line (554 Words)

26-Mar-2013

 

 

Etiketten CARINI Continues to Invest in Digital with a new HP Indigo WS6600 Digital Press
Global Print Monitor (540 Words)

22-Mar-2013

 

 

Etiketten CARINI Continues to Invest in Digital with a new HP Indigo WS6600 Digital Press
The Bespoke Agency (570 Words)

20-Mar-2013

 

 

AB Graphic installs new label cutting system at Springfield Solutions
Packaging Business Review (22 Words)

18-Mar-2013

 

 

H.P. Mile Upgrades Label Inspection
Pharmaceutical & Medical Packaging News (301 Words)

13-Mar-2013

 

 

Thai printer installs full spec Digicon
Company and Organization Website News (259 Words)

12-Mar-2013

 

 

ABG International
Label & Narrow Web (431 Words)

01-Mar-2013

 

 

Finishing touches added to transition to digital
Hull Daily Mail (UK) (196 Words)

25-Feb-2013

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units

 

 

 

 

 

 

30-Apr-2012

30-Apr-2011

30-Apr-2010

30-Apr-2009

30-Apr-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.627861

0.640008

0.625491

0.607152

0.498433

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

5.6

6.0

4.8

3.0

4.1

Turnover (Exports)

36.6

31.2

27.6

28.8

32.2

Total Turnover

42.2

37.2

32.4

31.9

36.3

Cost of Sales

34.9

30.7

26.9

25.3

30.0

Gross Profit

7.3

6.5

5.5

6.6

6.3

Depreciation

0.5

0.4

0.4

0.4

0.5

Other Expenses

4.7

4.4

3.8

4.3

5.0

Operating Profit

2.6

-

-

-

-

Other Income

0.5

0.1

0.3

0.7

0.8

Interest Paid

0.4

0.1

0.4

0.4

0.4

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

2.8

2.2

1.6

2.6

1.7

Tax Payable / Credit

0.4

-0.4

0.6

-0.2

0.4

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

0.0

0.0

Profit After Taxes

2.4

2.6

1.0

2.8

1.2

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

0.0

Non Audit Fees

0.0

0.1

0.0

0.0

0.2

Number of Employees

182

161

145

129

145

Wages

8.3

6.9

6.3

5.9

6.9

Social Security Costs

0.8

0.7

0.6

0.6

0.7

Pensions

0.0

0.0

0.0

0.0

0.0

Other Pension Costs

0.4

0.3

0.3

0.3

0.4

Employees Remuneration

9.5

7.9

7.2

6.8

8.0

Directors Emoluments

0.7

0.7

0.6

0.9

0.7

Other Costs

0.0

0.0

0.0

0.0

0.0

Directors Remuneration

0.7

0.7

0.6

0.9

0.7

Highest Paid Director

0.3

0.3

0.2

0.3

0.3

 

 

Annual Balance Sheet

 

 

Financials in: USD (mil)

 

 

 

30-Apr-2012

30-Apr-2011

30-Apr-2010

30-Apr-2009

30-Apr-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.614874

0.599538

0.653317

0.674855

0.50491

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.7

0.7

0.7

0.4

0.5

Fixtures & Fittings

0.5

0.4

0.3

0.3

0.4

Plant & Vehicles

1.8

1.6

1.2

0.9

1.0

Total Tangible Fixed Assets

3.1

2.7

2.1

1.6

2.0

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

3.1

2.8

2.1

1.6

2.0

Stocks

5.5

4.2

2.8

3.3

3.9

Work in Progress

3.5

2.5

2.3

1.6

2.8

Total Stocks Work In Progress

9.0

6.8

5.1

4.8

6.7

Trade Debtors

1.7

1.5

2.3

1.3

3.7

Inter-Company Debtors

7.2

5.9

3.6

3.8

4.5

Other Debtors

1.1

0.8

0.6

0.6

1.2

Total Debtors

10.0

8.3

6.5

5.7

9.4

Cash and Equivalents

7.9

1.6

7.1

8.6

6.6

Other Current Assets

0.0

6.7

0.0

0.0

0.0

Total Current Assets

26.9

23.3

18.7

19.1

22.8

Total Assets

30.0

26.1

20.8

20.7

24.8

Trade Creditors

7.8

6.0

4.8

2.5

3.9

Bank Overdraft

0.0

0.0

0.0

0.0

0.0

Inter-Company Creditors

0.1

0.3

0.2

0.1

0.2

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Finance Lease (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Current Liability)

2.5

2.5

2.3

1.7

2.4

Social Security/VAT

0.4

0.3

0.2

0.2

0.3

Corporation Tax

0.2

0.3

1.0

0.2

0.3

Dividends (Current Liability)

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

2.7

2.3

1.4

1.8

2.2

Total Current Liabilities

13.7

11.6

10.0

6.6

9.3

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

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

0.1

0.0

0.1

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.1

0.0

0.1

Deferred Taxation

0.1

0.1

0.1

0.1

0.1

Other Provisions

1.5

1.4

1.5

1.0

0.9

Total Provisions

1.6

1.5

1.6

1.1

1.0

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

14.6

12.9

9.2

12.9

14.4

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

14.6

13.0

9.3

12.9

14.5

Net Worth

14.6

13.0

9.3

12.9

14.5

 

 

Annual Cash Flow

 

 

Financials in: USD (mil)

 

 

 

30-Apr-2012

30-Apr-2011

30-Apr-2010

30-Apr-2009

30-Apr-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.627861

0.640008

0.625491

0.607152

0.498433

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

0.9

1.4

3.5

3.9

2.0

Net Cash Flow from ROI and Servicing of Finance

0.1

0.1

0.1

0.3

0.3

Taxation

-0.3

-0.3

0.3

0.2

0.0

Capital Expenditures

-0.9

-0.8

-0.9

-0.5

-0.3

Acquisitions and Disposals

0.0

0.0

0.0

0.0

0.0

Paid Up Equity

0.0

0.0

-4.8

0.0

0.0

Management of Liquid Resources

0.4

0.0

0.8

-3.3

0.0

Net Cash Flow From Financing

0.0

0.0

0.0

0.0

0.0

Increase in Cash

0.2

0.5

-1.0

0.8

2.0


Annual Ratios

 

 

 

Financials in: USD (mil)

 

 

 

30-Apr-2012

30-Apr-2011

30-Apr-2010

30-Apr-2009

30-Apr-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.614874

0.599538

0.653317

0.674855

0.50491

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.96

2.01

1.88

2.88

2.46

Liquidity Ratio

1.31

1.43

1.37

2.15

1.73

Stock Turnover

4.78

5.87

6.10

5.94

5.34

Credit Period (Days)

14.06

14.14

27.43

16.53

37.23

Working Capital by Sales

30.62%

29.53%

28.13%

43.52%

37.69%

Trade Credit by Debtors

4.72

3.88

2.07

1.94

1.06

Return on Capital

17.34%

15.89%

14.05%

16.80%

10.61%

Return on Assets

9.41%

8.81%

7.33%

11.42%

6.65%

Profit Margin

6.55%

5.80%

4.92%

8.24%

4.60%

Return on Shareholders Funds

19.31%

17.75%

16.51%

18.25%

11.38%

Borrowing Ratio

1.01%

2.11%

2.58%

1.13%

1.47%

Equity Gearing

48.73%

49.64%

44.41%

62.55%

58.41%

Interest Coverage

7.29

34.45

4.45

6.70

4.10

Sales by Tangible Assets

14.09

14.55

14.70

18.49

18.13

Average Remuneration per Employee

0.1

0.1

0.0

0.0

0.1

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.2

0.2

0.2

0.2

0.2

Capital Employed per Employee

0.1

0.1

0.1

0.1

0.1

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.2

0.2

0.1

0.2

0.2

Employee Remuneration by Sales

22.57%

21.25%

22.21%

21.43%

22.05%

Creditor Days (Cost of Sales Based)

80.36

66.35

68.32

40.50

47.78

Creditor Days (Sales Based)

66.41

54.80

56.81

32.08

39.52

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.28

UK Pound

1

Rs.84.23

Euro

1

Rs.70.90

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIT

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.