MIRA
INFORM REPORT
|
Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRICE AND CO. (REGENCY) LTD. |
|
|
|
|
Registered Office : |
Regency House, North Street, Portslade,
Brighton, BN41 1ES |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
23.03.1949 |
|
|
|
|
Com. Reg. No.: |
00466121 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Wholesaler of Textiles. |
|
|
|
|
No. of Employees : |
40 |
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 : |
Unknown |
|
|
|
|
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
|
Price And Co. (Regency) Ltd. |
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Business Description
Price & Company Ltd, was
established in Robert Street, Brighton in 1850 by a Miss Price. The business specialised in the manufacture of mattresses, which at that
time were solely dependent on straw as a filling. In 1945 Norman Stace purchased the company from the founder's nephew and
expanded the bedding side by manufacturing and introducing sprung mattresses
and divans. Working alongside Norman from 1947, as an apprentice upholsterer
aged 14 was Bill Green, who became a Director and an invaluable member of the
Company, until his retirement 50 years later, in 1997. The nature of the work
demanded upholsterers and seamstresses who in turn became an ideally suited
workforce for the next stage of development; curtain making. It was only a
matter of time before the company decided to expand further, this time into the
distribution of curtain tapes and other complementary lines. Jerry Stace joined the company as a Director in 1963, working
with his father Norman. One year later another member of the family joined the
team, Jerry's brother, Tim Stace, whose first
involvement was to direct the company into the wholesaling of curtain tracks
and associated sundries. Soon after this expansion demanded larger premises and
the company moved to the Old Town Brewery in Portland Mews. Jerry & Tim
proved a successful partnership, building a profitable distribution business which proved capable of sustaining modest growth
even during the recession. In 1980 with ever increasing furnishing ranges they
introduced Trimmings. The company now boasts some of the finest Trimmings in
the country. In December, 1986, after a 3 month's training
period with Kirsch USA. Simon Stace (Jerry's
son) joined the business to oversee the running of the warehouse and was
involved with yet another expansion in May 1987, when the company moved to more
modern premises known as Regency Buildings. Another member of the family joined
the company, in May 1988, Simons sister Joanna Stace, who works closely with the sales force nation-wide.
With plans to expand the product range it was necessary to move yet again in
March 1995. Since then they have continued to introduce more contemporary and upmarket products and designs at affordable prices. And in
January 2004 Simon and Joanna Stace took over the
company from Tim and Jerry and it continues to grow. As Price and Company
progresses into the future development of existing brands continue to be a main
part of Company life but also the inclusion of designer brand JLS Designs and
collaborations with JAB ANSTOETZ ensures that the company will expand and
develop way into the future. For a company who have
been in business since 1850, it is refreshing to find the family atmosphere
still present. with a distinct team effort amongst the
50+ employees, who have an eager willingness to get on with the job of
supplying customers. Such attitudes have undoubtedly been instrumental in
helping this friendly wholesaling company to expand and continue well in to the
future. More than 50% of our employees have been with us for 10yrs or more.
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
|
|
NAICS 2002: |
424310 -
Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers |
|
UK SIC 2003: |
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|
UK SIC 2007: |
|
|
US SIC 1987: |
Key Executive
|
Name |
Title |
|
Joanna Louise Stace-Sadler |
Secretary |
|
Simon Nicholas Stace |
Production Manager |
|
Jeremy Nicholas Stace |
Director |
|
Bill Green |
Director |
|
Director |
Financial Summary
|
FYE: 31-Dec-2011 |
USD (mil) |
||||||||||||||||
|
|||||||||||||||||
Registered No.(UK): 00466121
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593
|
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%20LTD%20%20-%20220197%2007-May-2013_files/image001.gif){kind=small}
%20LTD%20%20-%20220197%2007-May-2013_files/image002.gif){kind=small}
Industry Codes
|
ANZSIC 2006 Codes: |
||
|
3711 |
- |
Textile Product Wholesaling |
|
NACE 2002 Codes: |
||
|
5141 |
- |
Wholesale of textiles |
|
NAICS 2002 Codes: |
||
|
424310 |
- |
Piece Goods, Notions, and Other Dry Goods Merchant
Wholesalers |
|
US SIC 1987: |
||
|
5131 |
- |
Piece Goods, Notions, and Other Dry Good |
|
UK SIC 2003: |
||
|
5141 |
- |
Wholesale of textiles |
|
UK SIC 2007: |
||
|
4641 |
- |
Wholesale of textiles |
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More Business
Descriptions |
|
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|
|
Price & Company Ltd, was established in
Robert Street, Brighton in 1850 by a Miss Price. The business specialised in the manufacture of mattresses, which at that
time were solely dependent on straw as a filling. In 1945 Norman Stace purchased the company from the founder's nephew and
expanded the bedding side by manufacturing and introducing sprung mattresses
and divans. Working alongside Norman from 1947, as an apprentice upholsterer
aged 14 was Bill Green, who became a Director and an invaluable member of the
Company, until his retirement 50 years later, in 1997. The nature of the work
demanded upholsterers and seamstresses who in turn became an ideally suited
workforce for the next stage of development; curtain making. It was only a
matter of time before the company decided to expand further, this time into the
distribution of curtain tapes and other complementary lines. Jerry Stace joined the company as a Director in 1963, working
with his father Norman. One year later another member of the family joined the
team, Jerry's brother, Tim Stace, whose first
involvement was to direct the company into the wholesaling of curtain tracks
and associated sundries. Soon after this expansion demanded larger premises and
the company moved to the Old Town Brewery in Portland Mews. Jerry & Tim
proved a successful partnership, building a profitable distribution business
which proved capable of sustaining modest growth even during the recession. In
1980 with ever increasing furnishing ranges they introduced Trimmings. The
company now boasts some of the finest Trimmings in the country. In December, 1986, after a 3 month's training period with Kirsch
USA. Simon Stace (Jerry's son) joined the
business to oversee the running of the warehouse and was involved with yet
another expansion in May 1987, when the company moved to more modern premises
known as Regency Buildings. Another member of the family joined the company, in
May 1988, Simons sister Joanna Stace,
who works closely with the sales force nation-wide. With plans to expand the
product range it was necessary to move yet again in March 1995. Since then they
have continued to introduce more contemporary and upmarket
products and designs at affordable prices. And in January 2004 Simon and Joanna
Stace took over the company from Tim and Jerry and it
continues to grow. As Price and Company progresses into the future development
of existing brands continue to be a main part of Company life but also the
inclusion of designer brand JLS Designs and collaborations with JAB ANSTOETZ
ensures that the company will expand and develop way into the future. For a company who have been in business since 1850, it is
refreshing to find the family atmosphere still present. with
a distinct team effort amongst the 50+ employees, who have an eager willingness
to get on with the job of supplying customers. Such attitudes have undoubtedly
been instrumental in helping this friendly wholesaling company to expand and
continue well in to the future. More than 50% of our employees have been with
us for 10yrs or more.
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Key Corporate Relationships
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Corporate
Family |
Corporate
Structure News: |
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Price And Co. (Regency) Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Brighton |
United Kingdom |
Apparel and Accessories |
|
40 |
|
|
|
Subsidiary |
Brighton |
United Kingdom |
Nonclassifiable Industries |
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Executives Report
|
Board of Directors |
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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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Production Manager |
Operations Executive |
. |
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Secretary |
Company Secretary |
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Directors
and Shareholders Report
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Main Office
Address: |
Tel: 01273 421999 |
Annual Return
Date: 08 May 2012 |
|
Individual Directors |
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|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
21 Jan 1938 |
Portway, Newham
Lane, |
06 Apr 2003 |
NA |
Current:2 |
|
|
|
Current |
05 Aug 1965 |
16 Nepcote Lane, Findon, |
09 May 1991 |
NA |
Current:3 |
|
|
|
Current |
NA |
25 Manor Road, Upper Beeding, |
04 Mar 1997 |
NA |
Current:3 |
|
|
|
Previous |
02 Dec 1943 |
Customary Cottage, The Street Fulking,
|
09 May 1991 |
26 Jan 2004 |
Current:5 |
|
|
|
Previous |
29 Nov 1933 |
15 Victoria Street, |
09 May 1991 |
27 Nov 1997 |
Current:0 |
|
|
|
Previous |
21 Jan 1938 |
Portway, Newham
Lane, |
09 May 1991 |
31 Jan 2003 |
Current:2 |
|
|
|
Previous |
10 Dec 1956 |
14 The Wyshe, Pyecombe, |
09 May 1991 |
29 Feb 2012 |
Current:0 |
|
|
|
Previous |
20 Mar 1948 |
82 Park Avenue, |
09 May 1991 |
20 Jun 2002 |
Current:0 |
|
|
|
Previous |
15 Jul 1910 |
Brook House High Street, |
09 May 1991 |
01 Jun 2003 |
Current:0 |
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||||||
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Corporate Director |
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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 |
NA |
25 Manor Road, Upper Beeding, |
26 Jan 2004 |
NA |
Current:3 |
|
|
|
Previous |
02 Dec 1943 |
Customary Cottage, The Street Fulking,
|
09 May 1991 |
26 Jan 2004 |
Current:5 |
|
|
|
|
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||||||
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Corporate Secretaries |
|
|
|
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 |
|
Jacqueline Stace |
12500 Non,Voting Ordinary A GBP
1.00 |
Non,Voting Ordinary A |
12,500 |
1.00 |
12,500.00 |
11.97 |
|
Jeremy Nicholas Stace |
12500 Non,Voting Ordinary A GBP
1.00 |
Non,Voting Ordinary A |
12,500 |
1.00 |
12,500.00 |
11.97 |
|
Jeremy Nicholas Stace |
202 Ordinary GBP 1.00 |
Ordinary |
202 |
1.00 |
202.00 |
0.19 |
|
Joanna Louise Stace-Sadler |
12500 Non,Voting Ordinary A GBP
1.00 |
Non,Voting Ordinary A |
12,500 |
1.00 |
12,500.00 |
11.97 |
|
Joanna Louise Stace-Sadler |
1553 Ordinary GBP 1.00 |
Ordinary |
1,553 |
1.00 |
1,553.00 |
1.49 |
|
Nicholas Charles Stace |
25000 Non,Voting Ordinary A GBP
1.00 |
Non,Voting Ordinary A |
25,000 |
1.00 |
25,000.00 |
23.94 |
|
Patrick Norman Dewar |
450 Ordinary GBP 1.00 |
Ordinary |
450 |
1.00 |
450.00 |
0.43 |
|
Richard Elric Salisbury |
150 Ordinary GBP 1.00 |
Ordinary |
150 |
1.00 |
150.00 |
0.14 |
|
Simon Nicholas Stace |
12500 Non,Voting Ordinary A GBP
1.00 |
Non,Voting Ordinary A |
12,500 |
1.00 |
12,500.00 |
11.97 |
|
Simon Nicholas Stace |
1553 Ordinary GBP 1.00 |
Ordinary |
1,553 |
1.00 |
1,553.00 |
1.49 |
|
Stephen Charles Salisbury |
150 Ordinary GBP 1.00 |
Ordinary |
150 |
1.00 |
150.00 |
0.14 |
|
Thomas Alexander Stace |
25000 Non,Voting Ordinary A GBP
1.00 |
Non,Voting Ordinary A |
25,000 |
1.00 |
25,000.00 |
23.94 |
|
Timothy Robin Stace |
201 Ordinary GBP 1.00 |
Ordinary |
201 |
1.00 |
201.00 |
0.19 |
|
William Edward Salisbury |
150 Ordinary GBP 1.00 |
Ordinary |
150 |
1.00 |
150.00 |
0.14 |
|
|
|
|
|
|
|
|
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Corporate Shareholders |
|
|
|
There are no corporate shareholders for this company. |
|
|
Annual Profit ND Loss
|
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 |
|
|
|
|
|
|
|
|
Turnover (UK) |
- |
- |
9.9 |
11.8 |
- |
|
Turnover (Exports) |
- |
- |
0.1 |
0.2 |
- |
|
Total Turnover |
- |
- |
10.0 |
12.0 |
- |
|
Cost of Sales |
- |
- |
6.0 |
7.2 |
- |
|
Gross Profit |
- |
- |
4.0 |
4.8 |
5.6 |
|
Depreciation |
0.1 |
0.0 |
0.0 |
0.0 |
- |
|
Other Expenses |
- |
- |
4.2 |
5.0 |
5.5 |
|
Operating Profit |
- |
- |
-0.2 |
- |
- |
|
Other Income |
- |
- |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
- |
- |
0.0 |
0.1 |
0.1 |
|
Exceptional Income |
- |
- |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
- |
- |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
- |
- |
-0.2 |
-0.3 |
0.1 |
|
Tax Payable / Credit |
- |
- |
0.0 |
0.0 |
0.0 |
|
Extraordinary Items/Debits |
- |
- |
0.0 |
0.0 |
0.0 |
|
Dividends |
- |
- |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
- |
- |
-0.2 |
-0.3 |
0.1 |
|
Minority Interests (Profit & Loss) |
- |
- |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
- |
- |
0.0 |
0.0 |
0.0 |
|
Non Audit Fees |
- |
- |
0.1 |
0.1 |
0.1 |
|
Number of Employees |
- |
- |
55 |
57 |
58 |
|
Wages |
- |
- |
1.8 |
2.2 |
2.3 |
|
Social Security Costs |
- |
- |
0.2 |
0.2 |
0.2 |
|
Pensions |
- |
- |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
- |
- |
0.1 |
0.1 |
0.1 |
|
Employees Remuneration |
- |
- |
2.0 |
2.5 |
2.6 |
|
Directors Emoluments |
- |
- |
0.3 |
0.4 |
0.3 |
|
Other Costs |
- |
- |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
- |
- |
0.3 |
0.4 |
0.3 |
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 |
- |
- |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
- |
- |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
- |
- |
0.0 |
0.0 |
0.1 |
|
Total Tangible Fixed Assets |
0.2 |
0.2 |
0.0 |
0.0 |
0.1 |
|
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 |
0.2 |
0.2 |
0.0 |
0.1 |
0.1 |
|
Stocks |
- |
- |
1.6 |
1.4 |
2.2 |
|
Work in Progress |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
1.5 |
1.5 |
1.6 |
1.4 |
2.2 |
|
Trade Debtors |
- |
- |
1.8 |
1.6 |
2.5 |
|
Director Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Debtors |
1.7 |
2.0 |
0.1 |
0.1 |
0.2 |
|
Total Debtors |
1.8 |
2.0 |
2.0 |
1.7 |
2.7 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
3.3 |
3.5 |
3.6 |
3.1 |
5.0 |
|
Total Assets |
3.5 |
3.7 |
3.6 |
3.2 |
5.1 |
|
Trade Creditors |
- |
- |
1.3 |
1.1 |
1.9 |
|
Bank Overdraft |
- |
- |
0.3 |
0.2 |
0.2 |
|
Inter-Company Creditors |
- |
- |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Finance Lease (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
- |
- |
- |
- |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
- |
- |
0.1 |
0.0 |
0.0 |
|
Social Security/VAT |
- |
- |
0.2 |
0.2 |
0.3 |
|
Other Current Liabilities |
3.2 |
3.4 |
1.4 |
1.2 |
1.6 |
|
Total Current Liabilities |
3.2 |
3.4 |
3.3 |
2.7 |
4.1 |
|
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 |
0.1 |
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 |
0.1 |
0.2 |
|
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 |
0.0 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.2 |
0.2 |
0.2 |
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 |
0.1 |
0.2 |
0.2 |
0.3 |
0.8 |
|
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 |
0.2 |
0.4 |
0.3 |
0.4 |
0.8 |
|
Net Worth |
0.2 |
0.4 |
0.3 |
0.4 |
0.8 |
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 |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
- |
- |
0.0 |
0.0 |
0.2 |
|
Net Cash Flow from ROI and Servicing of Finance |
- |
- |
0.0 |
-0.1 |
-0.1 |
|
Taxation |
- |
- |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
- |
- |
0.0 |
0.0 |
0.0 |
|
Acquisitions and Disposals |
- |
- |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
- |
- |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
- |
- |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
- |
- |
0.0 |
0.1 |
-0.1 |
|
Increase in Cash |
- |
- |
-0.1 |
-0.1 |
0.0 |
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 |
1.01 |
1.03 |
1.09 |
1.17 |
1.22 |
|
Liquidity Ratio |
0.55 |
0.59 |
0.61 |
0.63 |
0.67 |
|
Stock Turnover |
- |
- |
6.60 |
6.52 |
- |
|
Credit Period (Days) |
- |
- |
64.88 |
61.40 |
- |
|
Working Capital by Sales |
- |
- |
2.96% |
4.83% |
- |
|
Trade Credit by Debtors |
- |
- |
0.71 |
0.72 |
0.79 |
|
Return on Capital |
- |
- |
-67.92% |
-45.41% |
5.65% |
|
Return on Assets |
- |
- |
-6.44% |
-7.23% |
1.14% |
|
Profit Margin |
- |
- |
-2.23% |
-2.46% |
- |
|
Return on Shareholders Funds |
- |
- |
-67.92% |
-63.25% |
7.01% |
|
Borrowing Ratio |
- |
- |
82.24% |
89.20% |
45.30% |
|
Equity Gearing |
6.69% |
9.60% |
9.48% |
11.42% |
16.24% |
|
Debt Gearing |
- |
- |
- |
41.00% |
25.37% |
|
Interest Coverage |
- |
- |
-5.82 |
-2.80 |
0.46 |
|
Sales by Tangible Assets |
- |
- |
313.58 |
235.16 |
- |
|
Average Remuneration per Employee |
- |
- |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
- |
- |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
- |
- |
0.2 |
0.2 |
- |
|
Capital Employed per Employee |
- |
- |
0.0 |
0.0 |
0.0 |
|
Tangible Assets per Employee |
- |
- |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
- |
- |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
- |
- |
19.94% |
20.66% |
- |
|
Creditor Days (Cost of Sales Based) |
- |
- |
77.07 |
73.76 |
- |
|
Creditor Days (Sales Based) |
- |
- |
46.33 |
44.06 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.95 |
|
|
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.70.72 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.