MIRA INFORM REPORT

 

 

Report Date :

07.05.2013

 

IDENTIFICATION DETAILS

 

Name :

Specialist Group Ltd.

 

 

Registered Office :

Guinness Circle, Trafford Pk, Manchester, M17 1EB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

29.02.2012

 

 

Date of Incorporation :

03.08.1970

 

 

Com. Reg. No.:

00985943

 

 

Legal Form :

Private Parent

 

 

Line of Business :

Supplier of DIY Retailers, Builders Merchants and Garden Centres. 

 

 

No. of Employees :

55

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

 

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the second largest economy in Europe after Germany. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

 

Source : CIA

Company Name and Address

 

Specialist Group Ltd.

 

 

 

Guinness Circle

 

Trafford Pk

Manchester, M17 1EB

United Kingdom

(Trading Address)

Tel:

01618720626

Fax:

01618737778

 

www.specialistgr.com

 

Employees:

55

Company Type:

Private Parent

Corporate Family:

3 Companies

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

03-Aug-1970

Auditor:

Percy Westhead & Co

Financials in:

 USD (Mil)

Fiscal Year End:

29-Feb-2012

Reporting Currency:

British Pound Sterling

Annual Sales:

9.2  1

Net Income:

0.0

Total Assets:

5.8

 

 

Business Description

 

SPECIALIST GROUP Ltd was established in 1970 and has since then gained extensive experience supplying DIY retailers, builders merchants and garden centres. We aim to provide a durable, reliable range of products at affordable prices. Our comprehensive range brings together thousands of hardware, ironmongery, fastenings, decorating and gardening products under one brand. There is also the Builders Brand range of professional tools and the newly introduced Builders Basics (tool box essentials) and Inlec (fully certified VDE products) ranges. Ongoing supplier assessments, reviews, inspection and testing of SPECIALIST products ensures they are safe, legally compliant and fit for the purpose they are intended. Storing large stocks in our 40,000 sq ft warehouse in Trafford Park, Manchester ensures an average stock availability of 96%. From here a first class carrier company is used and all orders received into our warehouse by 2.00pm will be delivered within 2 working days. With our professional team of over sixty staff including a national sales force, we are highly qualified to deal with any queries and are dedicated to giving you the best service and attention at all times.

 

 

Industry

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:

5190 - Other wholesale

NAICS 2002:

423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:

5190 - Other wholesale

UK SIC 2007:

4690 - Non-specialised wholesale trade

US SIC 1987:

5099 - Durable Goods, Not Elsewhere Classified

 

 

Key Executive

 

Name

Title

Chris Sillitoe

Marketing & Sales Director

Lynne Georgina Hackett

Secretary

Peter Unsworth

Office Manager

Anthony Leslie Richard Bracken

Director

Jonathan Peter Franks

Director

 

 

News

 

Title

Date

A Billion-dollar Business Puts Species and People At Risk Scoop (572 Words)

1-May-2013

BPC Shares Fraud Prevention Expertise With Leading Asian Banks RFPConnect (582 Words)

29-Apr-2013

First Images Of Peccaries Eating Fish In Brazil's Pantanal Indicate A More Varied Diet For The Species Targeted News Service (626 Words)

29-Apr-2013

Yukon Conservative MP accused of peddling 'bogus' information on polar bears Postmedia News (732 Words)

29-Apr-2013

Malaysia Start Action Plan For Tapir Conservation For Next 20 Years Bernama (298 Words)

28-Apr-2013

A Billion-Dollar Business Puts Species and People at Risk Targeted News Service (519 Words)

28-Apr-2013

 

 

Financial Summary    

 

FYE: 29-Feb-2012

USD (mil)

Key Figures

 

Current Assets

4.16

Fixed Assets

1.65

Total Liabilities

1.40

Net Worth

2.90

 

Key Ratios

 

Current Ratio

2.97

Acid Test

1.13

Debt Gearing

49.27

 

 

Registered No.(UK): 00985943

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6256545
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6293774

 

 

Corporate Overview

 

 

Location
Guinness Circle
Trafford Pk
Manchester, M17 1EB
Greater Manchester County
United Kingdom

 

Tel:

01618720626

Fax:

01618737778

 

www.specialistgr.com

Sales GBP(mil):

5.8

Assets GBP(mil):

3.7

Employees:

55

Fiscal Year End:

29-Feb-2012

 

Industry:

Miscellaneous Capital Goods

Registered Address:
Orion Trade Centre, Guinness
Circle Newbridge Trafford Par
Manchester, M17 1EB
United Kingdom

 

Incorporation Date:

03-Aug-1970

Company Type:

Private Parent

Quoted Status:

Not Quoted

Registered No.(UK):

00985943

 

Director:

Debora Rebecca Franks

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3739

-

Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190

-

Other wholesale

 

NAICS 2002 Codes:

423990

-

Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099

-

Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190

-

Other wholesale

 

UK SIC 2007:

4690

-

Non-specialised wholesale trade

 

 

Business Description

Tools, ironmongery and homewares.

 

More Business Descriptions

Construction materials (wholesale)

 

DIY Wholesalers

 

SPECIALIST GROUP Ltd was established in 1970 and has since then gained extensive experience supplying DIY retailers, builders merchants and garden centres. We aim to provide a durable, reliable range of products at affordable prices. Our comprehensive range brings together thousands of hardware, ironmongery, fastenings, decorating and gardening products under one brand. There is also the Builders Brand range of professional tools and the newly introduced Builders Basics (tool box essentials) and Inlec (fully certified VDE products) ranges. Ongoing supplier assessments, reviews, inspection and testing of SPECIALIST products ensures they are safe, legally compliant and fit for the purpose they are intended. Storing large stocks in our 40,000 sq ft warehouse in Trafford Park, Manchester ensures an average stock availability of 96%. From here a first class carrier company is used and all orders received into our warehouse by 2.00pm will be delivered within 2 working days. With our professional team of over sixty staff including a national sales force, we are highly qualified to deal with any queries and are dedicated to giving you the best service and attention at all times.

 

 

Financial Data

 

 

Financials in:

GBP(mil)

 

Revenue:

5.8

Net Income:

0.0

Assets:

3.7

Current Assets:

2.6

 

Fixed Assets:

1.0

 

Long Term Debt:

0.9

 

Total Liabilities:

1.8

 

Issued Capital:

0.0

 

Working Capital:

1.7

 

Net Worth:

1.8

 

 

 

Date of Financial Data:

29-Feb-2012

 

1 Year Growth

-5.0%

NA

NA

 

 

Key Corporate Relationships

 

 

Auditor:

Percy Westhead & Co

Bank:

Bank Of Scotland

 

Auditor:

Percy Westhead & Co

 

Auditor History

Percy Westhead & Co

29-Feb-2012

Percy Westhead & Co

28-Feb-2011

Percy Westhead And Co

28-Feb-2010

Percy Westhead And Co

28-Feb-2009

Percy Westhead And Co

29-Feb-2008

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

02-29-2012

 

 

Corporate Family

Corporate Structure News:

Specialist Group Ltd.
Total Corporate Family Members: 3

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Specialist Group Ltd.

Parent

Manchester

United Kingdom

Miscellaneous Capital Goods

9.2

55

Duwit Ltd.

Subsidiary

Manchester

United Kingdom

Miscellaneous Capital Goods

 

 

Specialist Diy Ltd.

Subsidiary

Manchester

United Kingdom

Nonclassifiable Industries

 

 

 

 

Executive Report

 

Board of Directors

 

Name

Title

Function

 

Anthony Leslie Richard Bracken

 

Director

Director/Board Member

 

Age: 65

 

Debora Rebecca Franks

 

Director

Director/Board Member

 

 

Age: 33

 

Jonathan Peter Franks

 

Director

Director/Board Member

 

 

Age: 61

 

Madelynne Ingrid Franks

 

Director

Director/Board Member

 

 

Age: 62

 

 

 

Executives

 

Name

Title

Function

 

Peter Unsworth

 

Office Manager

Administration Executive

 

Lynne Georgina Hackett

 

Secretary

Company Secretary

. 

Age: 54

 

Chris Sillitoe

 

Marketing & Sales Director

Sales Executive

 

 

 

 

Directors and Shareholders report 

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Lynne Georgina
Hackett

Current

13 Nov 1958

26 Royal Avenue, Urmston,
Manchester, Greater Manchester M41 9JW

17 Mar 1997

NA

Current:2
Previous:0
Disqualifications:0

 

Madelynne Ingrid
Franks

Current

07 Apr 1951

39 Delahays Drive, Hale,
Altrincham, Cheshire WA15 8DR

31 Dec 1991

NA

Current:2
Previous:0
Disqualifications:0

 

Jonathan Peter
Franks

Current

22 Sep 1951

39 Delahays Drive,
Altrincham, Cheshire

31 Dec 1991

NA

Current:6
Previous:1
Disqualifications:0

 

Debora Rebecca
Franks

Current

06 Mar 1980

Orion Trade Centre Guinness, Circle Newbridge Trafford Park,
Manchester, Greater Manchester M17 1EB

01 Nov 2011

NA

Current:1
Previous:0
Disqualifications:0

 

Anthony Leslie Richard
Bracken

Current

29 Dec 1947

69A Milton Drive,
Stockport, Greater Manchester SK12 1EZ

31 Dec 1991

NA

Current:1
Previous:0
Disqualifications:0

 

Patricia Eva
Leaver

Previous

30 Nov 1955

124 Roman Road,
Blackburn, Lancashire BB1 2LA

24 Jan 2000

31 Oct 2011

Current:0
Previous:1
Disqualifications:0

 

William
Jones

Previous

31 May 1960

814 Manchester Road Ewood Bridge, Haslingden,
Rossendale, Lancashire BB4 6LB

01 Oct 2004

18 Nov 2011

Current:0
Previous:1
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

 

Lynne Georgina
Hackett

Current

13 Nov 1958

26 Royal Avenue, Urmston,
Manchester, Greater Manchester M41 9JW

27 May 2003

NA

Current:2
Previous:0
Disqualifications:0

 

Jonathan Peter
Franks

Previous

22 Sep 1951

39 Delahays Drive,
Altrincham, Cheshire

31 Dec 1991

27 May 2003

Current:6
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Amanda K Franks

160 Ordinary GBP 1.00

Ordinary

160

1.00

160.00

2.26

Anthony Leslie Richard Bracken

266 Ordinary GBP 1.00

Ordinary

266

1.00

266.00

3.75

Deborah Rebecca Franks

160 Ordinary GBP 1.00

Ordinary

160

1.00

160.00

2.26

Jonathan Peter Franks

3967 Ordinary GBP 1.00

Ordinary

3,967

1.00

3,967.00

55.94

Lynne Georgina Hackett

106 Ordinary GBP 1.00

Ordinary

106

1.00

106.00

1.49

Madelynne Ingrid Franks

500 Ordinary GBP 1.00

Ordinary

500

1.00

500.00

7.05

New China Asia

1773 Ordinary GBP 1.00

Ordinary

1,773

1.00

1,773.00

25.00

Samantha Carolynne Mann

160 Ordinary GBP 1.00

Ordinary

160

1.00

160.00

2.26

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

News

 

 

A Billion-dollar Business Puts Species and People At Risk
Scoop (572 Words)

01-May-2013

 

BPC Shares Fraud Prevention Expertise With Leading Asian Banks
RFPConnect (582 Words)

29-Apr-2013

 

First Images Of Peccaries Eating Fish In Brazil's Pantanal Indicate A More Varied Diet For The Species
Targeted News Service (626 Words)

29-Apr-2013

 

Yukon Conservative MP accused of peddling 'bogus' information on polar bears
Postmedia News (732 Words)

29-Apr-2013

 

Malaysia Start Action Plan For Tapir Conservation For Next 20 Years
Bernama (298 Words)

28-Apr-2013

 

A Billion-Dollar Business Puts Species and People at Risk
Targeted News Service (519 Words)

28-Apr-2013

 

A billion-dollar business puts species and people at risk
Energy Bangla (569 Words)

27-Apr-2013

 

To breed or not to breed: game of snakes and ladders
Australian, The (1674 Words)

27-Apr-2013

 

2012-06-01: Join Soweto Healthy Lifestyle 7km funwalk and Open Day
Joburg (300 Words)

26-Apr-2013

 

Local physician groups join forces
Gazette (Colorado Springs, CO) (505 Words)

26-Apr-2013

 

More new products from Specialist Group's Builders Brand
DIYWeek.net (117 Words)

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

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

 

 

29-Feb-2012

28-Feb-2011

28-Feb-2010

28-Feb-2009

29-Feb-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.625654

0.647226

0.631243

0.575434

0.499536

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

-

9.0

-

-

-

Turnover (Exports)

-

0.4

-

-

-

Total Turnover

9.2

9.4

9.6

-

-

Cost of Sales

6.4

7.0

6.9

-

-

Gross Profit

2.9

2.4

2.7

2.7

4.0

Depreciation

0.1

0.1

0.1

0.2

0.2

Other Expenses

2.8

2.9

3.1

3.1

3.9

Operating Profit

0.0

-0.4

-0.4

-0.4

0.1

Other Income

0.0

0.0

0.0

0.0

0.0

Interest Paid

0.0

0.0

0.0

0.1

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

0.0

-0.5

-0.4

-0.5

0.1

Tax Payable / Credit

0.0

0.2

-0.1

-0.1

0.0

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

0.0

0.1

Profit After Taxes

0.0

-0.7

-0.3

-0.4

0.0

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

-

-

Number of Employees

55

59

56

55

59

Wages

1.7

1.8

1.8

1.9

2.3

Social Security Costs

0.2

0.2

0.2

0.2

0.2

Pensions

0.0

0.0

0.0

0.0

0.1

Other Pension Costs

0.0

0.0

0.0

0.0

0.1

Employees Remuneration

1.9

2.0

2.0

2.1

2.5

Directors Emoluments

-

-

-

0.5

0.6

Other Costs

0.4

0.4

0.4

0.0

0.0

Directors Remuneration

0.4

0.5

0.5

0.5

0.6

Highest Paid Director

0.1

0.1

0.1

0.1

0.2


Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

29-Feb-2012

28-Feb-2011

28-Feb-2010

28-Feb-2009

29-Feb-2008

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.629377

0.614817

0.656858

0.701582

0.502715

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

1.5

1.5

1.4

1.6

2.2

Fixtures & Fittings

0.1

0.0

0.1

0.1

0.2

Plant & Vehicles

0.1

0.0

0.0

0.0

0.1

Total Tangible Fixed Assets

1.6

1.6

1.6

1.7

2.6

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

1.6

1.6

1.6

1.7

2.6

Stocks

2.6

-

2.4

2.5

4.1

Work in Progress

0.0

-

0.0

0.0

0.0

Total Stocks Work In Progress

2.6

3.0

2.4

2.5

4.1

Trade Debtors

1.0

1.2

1.3

1.0

1.5

Inter-Company Debtors

-

0.0

-

-

-

Director Loans

-

0.0

-

-

-

Other Debtors

0.1

0.1

0.3

0.2

0.2

Total Debtors

1.1

1.3

1.6

1.1

1.7

Cash and Equivalents

0.5

0.3

0.2

0.5

0.0

Other Current Assets

0.0

0.0

0.1

0.0

0.0

Total Current Assets

4.2

4.7

4.4

4.1

5.8

Total Assets

5.8

6.3

5.9

5.8

8.3

Trade Creditors

1.0

1.2

1.0

0.7

1.5

Bank Overdraft

-

-

0.0

0.0

0.5

Inter-Company Creditors

-

-

0.0

-

-

Director Loans (Current Liability)

0.2

0.3

0.2

0.3

0.4

Hire Purchase (Current Liability)

-

-

0.0

-

0.0

Finance Lease (Current Liability)

-

-

0.0

-

0.0

Total Finance Lease/Hire Purchase (Current Liability)

-

-

0.0

-

0.0

Total Short Term Loans

-

-

0.0

-

-

Accruals/Deferred Income (Current Liability)

0.1

0.1

0.1

0.1

0.1

Social Security/VAT

0.1

0.1

0.1

0.1

0.2

Corporation Tax

-

-

0.0

0.0

0.0

Dividends (Current Liability)

-

-

0.0

-

-

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

1.4

1.7

1.5

1.2

2.6

Group Loans (Long Term Liability)

-

-

-

-

0.0

Director Loans (Long Term Liability)

-

-

-

-

0.0

Hire Purchase (Long Term Liability)

-

-

-

-

0.0

Leasing (Long Term Liability)

-

-

-

-

0.0

Total Hire Purchase Loans (Long Term Liability)

-

-

-

-

0.0

Other Long Term Loans

1.4

1.5

0.9

0.9

0.0

Accruals/Deferred Income (Long Term Liability)

0.1

0.1

0.1

0.1

0.1

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

1.5

1.6

1.0

0.9

0.1

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

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

2.4

2.4

2.3

2.1

3.0

Revaluation Reserve

1.1

1.1

1.1

1.2

1.7

Retained Earnings

-0.6

-0.6

0.1

0.3

0.9

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

2.9

3.0

3.4

3.7

5.6

Net Worth

2.9

3.0

3.4

3.7

5.6

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

29-Feb-2012

28-Feb-2011

28-Feb-2010

28-Feb-2009

29-Feb-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.625654

0.647226

0.631243

0.575434

0.499536

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

0.5

-0.5

0.0

0.0

-0.5

Net Cash Flow from ROI and Servicing of Finance

0.0

0.0

0.0

-0.1

0.0

Taxation

0.0

0.0

0.0

0.0

0.0

Capital Expenditures

-0.1

0.0

-0.1

0.0

-0.1

Acquisitions and Disposals

0.0

0.0

0.0

0.0

0.0

Paid Up Equity

0.0

0.0

0.0

0.0

-0.1

Management of Liquid Resources

0.0

0.1

-0.1

0.0

0.0

Net Cash Flow From Financing

-0.1

0.5

0.0

1.0

0.3

Increase in Cash

0.2

0.1

-0.3

1.0

-0.3


Annual Ratios

 

Financials in: USD (mil)

 

 

 

29-Feb-2012

28-Feb-2011

28-Feb-2010

28-Feb-2009

29-Feb-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.629377

0.614817

0.656858

0.701582

0.502715

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.97

2.76

2.94

3.39

2.21

Liquidity Ratio

1.13

0.97

1.29

1.34

0.64

Stock Turnover

3.56

3.27

3.77

-

-

Credit Period (Days)

39.48

45.36

50.28

-

-

Working Capital by Sales

30.12%

30.16%

31.20%

-

-

Trade Credit by Debtors

1.02

1.01

0.77

0.77

0.98

Return on Capital

-0.47%

-11.25%

-8.49%

-8.71%

1.02%

Return on Assets

-0.35%

-8.21%

-6.36%

-6.90%

0.70%

Profit Margin

-0.22%

-5.22%

-4.09%

-

-

Return on Shareholders Funds

-0.71%

-17.44%

-10.93%

-10.91%

1.04%

Borrowing Ratio

56.12%

60.91%

33.62%

30.14%

14.55%

Equity Gearing

49.95%

47.07%

58.18%

63.22%

67.41%

Debt Gearing

49.27%

52.23%

26.54%

23.21%

-

Interest Coverage

-0.47

-11.70

-9.13

-5.57

1.11

Sales by Tangible Assets

5.56

6.16

5.92

-

-

Average Remuneration per Employee

0.0

0.0

0.0

0.0

0.0

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

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

0.1

0.1

0.1

0.1

0.1

Employee Remuneration by Sales

20.81%

20.84%

20.99%

-

-

Creditor Days (Cost of Sales Based)

58.07

61.61

54.18

-

-

Creditor Days (Sales Based)

40.09

45.80

38.72

-

-

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.95

UK Pound

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%)

 

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.