MIRA INFORM REPORT
|
Report Date : |
15.05.2013 |
IDENTIFICATION DETAILS
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Name : |
Wade Ceramics Ltd. |
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Registered Office : |
Westport Road, Stoke On Trent, ST6 4AG |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
24.06.1919 |
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Com. Reg. No.: |
00156368 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Designers and Suppliers of Flagons. |
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No. of Employees : |
169 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the
second largest economy in Europe after Germany. Over the past two decades, the government
has greatly reduced public ownership and contained the growth of social welfare
programs. Agriculture is intensive, highly mechanized, and efficient by
European standards, producing about 60% of food needs with less than 2% of the
labor force. The UK has large coal, natural gas, and oil resources, but its oil
and natural gas reserves are declining and the UK became a net importer of
energy in 2005. Services, particularly banking, insurance, and business
services, account by far for the largest proportion of GDP while industry
continues to decline in importance. After emerging from recession in 1992,
Britain's economy enjoyed the longest period of expansion on record during
which time growth outpaced most of Western Europe. In 2008, however, the global
financial crisis hit the economy particularly hard, due to the importance of
its financial sector. Sharply declining home prices, high consumer debt, and
the global economic slowdown compounded Britain's economic problems, pushing
the economy into recession in the latter half of 2008 and prompting the then
BROWN (Labour) government to implement a number of measures to stimulate the
economy and stabilize the financial markets; these include nationalizing parts
of the banking system, temporarily cutting taxes, suspending public sector
borrowing rules, and moving forward public spending on capital projects. Facing
burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition
government (between Conservatives and Liberal Democrats) initiated a five-year
austerity program, which aimed to lower London's budget deficit from over 10%
of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the
Exchequer George OSBORNE announced additional austerity measures through 2017
because of slower-than-expected economic growth and the impact of the euro-zone
debt crisis. The CAMERON government raised the value added tax from 17.5% to
20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014.
The Bank of England (BoE) implemented an asset purchase program of up to £375
billion (approximately $605 billion) as of December 2012. During times of
economic crisis, the BoE coordinates interest rate moves with the European
Central Bank, but Britain remains outside the European Economic and Monetary
Union (EMU). In 2012, weak consumer spending and subdued business investment
weighed on the economy. GDP fell 0.1%, and the budget deficit remained
stubbornly high at 7.7% of GDP. Public debt continued to increase.
Source
: CIA
Company Name and Address
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Wade Ceramics Ltd. |
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Business description
Wade Ceramics Ltd. is one of the leading designers and
suppliers of flagons in the world. Founded in 1810, the company specialises in
the production of earthenware and porcelain products. It serves clients in the spirit
and distilling markets. The company operates a creative department. It has a
team of professionals that offers product development solutions. The company
provides contracts and decanters. It offers a range of hotelware and
kitchenware. The company also undertakes a manufacturing process. It supplies a
variety of household, industrial, and surgical and examination glove formers.
In addition, the company’s collector’s club offers membership opportunities
to customers. Its collectables includes characters, such as Tony Tiger, Betty
Boop and Homepride Fred.
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executive
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Name |
Title |
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Finance Director |
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Jenny Saunders |
Head of Design |
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Secretary |
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IT Manager |
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Steven Alcock |
Health & Safety Manager |
News
|
Title |
Date |
|
REWARDING
SUCCESS SINCE 1995... |
29-Mar-2013 |
|
Best and
brightest mark success with a promise of more to come... |
29-Mar-2013 |
|
The
Sentinel Awards 2013 - Autonet Insurance make Finalists and the results are
in |
27-Mar-2013 |
|
Our firms
prove why they're the business |
27-Mar-2013 |
|
'The awards
prove that success is infectious...' |
12-Feb-2013 |
|
Industry
award for pottery firm |
5-Feb-2013 |
Financial Summary
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FYE: 31-Dec-2012 |
USD (mil) |
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6311738
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6190609
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Industry Codes
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ANZSIC 2006 Codes: |
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2599 |
- |
Other Manufacturing Not Elsewhere
Classified |
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NACE 2002 Codes: |
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3663 |
- |
Other manufacturing not elsewhere
classified |
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NAICS 2002 Codes: |
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3399 |
- |
Other Miscellaneous Manufacturing |
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US SIC 1987: |
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3999 |
- |
Manufacturing Industries, Not Elsewhere
Classified |
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UK SIC 2003: |
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3663 |
- |
Other manufacturing not elsewhere
classified |
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UK SIC 2007: |
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3299 |
- |
Other manufacturing n.e.c. |
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More Business Descriptions
Wade Ceramics Ltd. designs and produces earthenware and porcelain products.
The company also designs and supplies porcelain flagons for the international
distilling industry. It manufactures English porcelain utilising latest
technology. It produces a range of products divided into various groups,
including vapourstone, collectables, contracts, decanters, formers, hotelware,
industrial and household and kitchenware. Its product range includes bread bin,
biscuit barrel, storage jar, tea, coffee, sugar storage jars, utensil holder,
salt and pepper shakers, oil and vinegar drizzlers, salt pig, garlic keeper,
pasta jar and mortar and pestles. The company’s industrial ceramics are used
in various products, including tumble dryers, storage heaters and lighting
products. (Updated by OneSource Information Services)
Ceramic Manufacturers (Supplies and Services)
Wade Ceramics is a wholly owned subsidiary of Wade Allied
Holdings Limited, a management buyout vehicle of Edward Duke and Paul Farmer
used to purchase Beauford Plc's ceramic companies in 1999. Wade Allied Holdings
also owns Allied Insulators, supplying electrical transmission and distribution
insulators for the National Grid and Regional Electricity Companies throughout
the UK. We manufacture porcelain flagons for the spirits industry mainly
Chivas, Bells, Tullamore Dew and Ballantines and promotional porcelain goods to
aid specific companies sales like Tetley, Ringtons, York Minster, and Marmite
to name but a few. Wade is the ""Home of the Whimsie"" made
for retail and promotion of Red Rose Tea in the USA; electrical insulators for
the white goods industry and collectable figurines under the banner of our
large Wade International Collectors Club for our world wide Collectors. As a
result of this there are over 450 items of Wade Collectables on E-Bay every day
being traded and sold making Wade Collectables one of the most popular
porcelain collectables in the world.. Our reputation and market leadership have
been achieved by consistently meeting its customers' requirements in terms of
product innovation, high quality manufacture, excellent branding standards and
exceptional service. The creative department at Wade Ceramics is highly
experienced at providing optimum value from a design brief, using all the
potential of the ceramic medium. Wade's own skilled designers, modellers,
draughtsmen and toolmakers work closely with clients in the development of
products. The company is constantly striving to minimise lead times in order to
achieve the rapid response required by our customer's. The Wade philosophy is
that quality is paramount at every stage of the manufacturing process. It
strives consistently to meet customer-agreed standards within tightly held
tolerances with the goal of providing maximum value at minimum cost.
Financial Data
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Key Corporate Relationships
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Total Corporate
Family Members: 3 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Stoke On Trent |
United Kingdom |
Miscellaneous Fabricated Products |
24.8 |
173 |
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Subsidiary |
Stoke On Trent |
United Kingdom |
Miscellaneous Fabricated Products |
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Subsidiary |
Stoke On Trent |
United Kingdom |
Miscellaneous Fabricated Products |
24.8 |
169 |
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Executive Report
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Board
of Directors |
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Director |
Director/Board Member |
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Executives |
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Health & Safety Manager |
Environment/Safety Executive |
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Secretary |
Company Secretary |
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Finance Director |
Finance Executive |
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Payroll/Wages Officer |
Benefits & Compensation Executive |
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Training Manager |
Training Executive |
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Brand/Product Manager |
Marketing Executive |
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Head of Design |
Marketing Executive |
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IT Manager |
Information Executive |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 0845 481 0206 |
Annual Return Date: 24 Mar 2013 |
Individual Directors
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
Current |
13 Mar 1957 |
The Pines, Aynsleys Drive, |
04 Mar 1996 |
NA |
Current:7 |
|
|
Current |
22 Feb 1945 |
Unit 5 Bessemer Drive, |
01 Nov 1991 |
NA |
Current:4 |
|
|
Previous |
10 Apr 1938 |
2 Lawton Heath Road, Church Lawton, |
01 Jan 1991 |
19 Mar 1996 |
Current:0 |
|
|
Previous |
18 Nov 1949 |
Verona 120 Ash Bank Road, |
01 Mar 1995 |
19 Mar 1996 |
Current:0 |
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|
Previous |
18 Oct 1954 |
31 Elizabeth Court, Jersey Farm, |
NA |
27 Aug 1992 |
Current:0 |
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|
Previous |
01 Sep 1945 |
63 Seven Star Road, |
01 Sep 1995 |
31 Aug 2000 |
Current:0 |
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|
Previous |
22 Feb 1955 |
Home Farm, Belson, |
13 Apr 1992 |
16 Jul 1998 |
Current:0 |
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|
Previous |
06 Nov 1948 |
Thirlmere Willfield Lane, Brown Edge, |
13 Apr 1992 |
19 Mar 1996 |
Current:0 |
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|
Previous |
11 Sep 1951 |
46 Pennymore Close, |
13 Apr 1992 |
04 Mar 1996 |
Current:1 |
|
|
Previous |
21 Mar 1941 |
Badgers End, Ouston Lane, |
NA |
31 Jul 1997 |
Current:0 |
|
|
Previous |
16 Dec 1959 |
3 St Johns Cottages Hall Road, Mount Bures, |
16 Oct 1992 |
01 May 1999 |
Current:3 |
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 |
13 Mar 1957 |
The Pines, Aynsleys Drive, |
04 Mar 1996 |
NA |
Current:7 |
|
|
Previous |
11 Sep 1951 |
46 Pennymore Close, |
13 Apr 1992 |
04 Mar 1996 |
Current:1 |
Corporate Secretaries
There are no corporate secretaries for this company.
Individual Shareholders
|
Name |
Share
Details |
Share
Type |
#
of Shares |
Share
Price (GBP) |
Share
Value (GBP) |
%
of Total Shares |
|
Wade Potteries Plc |
20000 Ordinary GBP 1.00 |
Ordinary |
20,000 |
1.00 |
20,000.00 |
100.00 |
|
|
Corporate
Shareholders
There are no corporate shareholders for this company.
News
|
REWARDING
SUCCESS SINCE 1995... |
29-Mar-2013 |
|
Best and
brightest mark success with a promise of more to come... |
29-Mar-2013 |
|
The
Sentinel Awards 2013 - Autonet Insurance make Finalists and the results are
in |
27-Mar-2013 |
|
Our firms
prove why they're the business |
27-Mar-2013 |
|
'The awards
prove that success is infectious...' |
12-Feb-2013 |
|
Industry
award for pottery firm |
05-Feb-2013 |
|
'Urban
explorers' snap life inside shutdown potbanks |
26-Jan-2013 |
|
Councils
clash over business park expansion ; Next phase could create 1,200 new jobs |
23-Aug-2012 |
|
Pounds 1.5m
academy will train future potters ; Industry unites to solve skills shortage
for 'comeback' |
25-Jul-2012 |
|
PR support
will help children to get healthy |
18-Jul-2012 |
|
Pounds 5k
prize is up for grabs |
27-Jun-2012 |
Annual
Profit & Loss
|
Financials
in: USD (mil) |
|
|
Except
for share items (millions) and per share items (actual units) |
|
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631174 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
23.2 |
19.2 |
16.3 |
14.3 |
- |
|
Turnover (Exports) |
1.7 |
1.8 |
1.8 |
1.8 |
- |
|
Total Turnover |
24.8 |
21.0 |
18.1 |
16.1 |
- |
|
Cost of Sales |
17.0 |
14.5 |
13.9 |
13.0 |
- |
|
Gross Profit |
7.8 |
6.6 |
4.2 |
3.1 |
5.8 |
|
Depreciation |
1.0 |
0.9 |
0.9 |
0.4 |
0.4 |
|
Other Expenses |
3.4 |
2.9 |
3.6 |
3.9 |
1.9 |
|
Operating Profit |
4.4 |
3.6 |
0.6 |
-0.8 |
3.8 |
|
Other Income |
0.2 |
0.0 |
0.0 |
0.0 |
1.5 |
|
Interest Paid |
0.7 |
0.8 |
0.8 |
0.5 |
0.2 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
-0.1 |
0.0 |
0.0 |
|
Profit Before Taxes |
3.9 |
2.8 |
-0.2 |
-1.3 |
5.1 |
|
Tax Payable / Credit |
-0.5 |
-0.2 |
0.0 |
-0.6 |
0.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
4.4 |
3.0 |
-0.2 |
-0.7 |
5.1 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
169 |
141 |
138 |
150 |
161 |
|
Wages |
5.6 |
4.8 |
4.4 |
4.3 |
5.6 |
|
Social Security Costs |
0.5 |
0.4 |
0.4 |
0.4 |
0.6 |
|
Pensions |
- |
0.4 |
- |
- |
0.0 |
|
Other Pension Costs |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
Employees Remuneration |
6.3 |
5.4 |
5.0 |
4.9 |
6.4 |
|
Directors Emoluments |
- |
0.0 |
- |
- |
0.3 |
|
Other Costs |
- |
0.0 |
- |
- |
0.0 |
|
Directors Remuneration |
182.9 |
0.4 |
0.4 |
0.5 |
0.3 |
|
Highest Paid Director |
- |
0.2 |
0.2 |
0.2 |
- |
Annual
Balance Sheet
|
Financials in: USD (mil) |
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.619061 |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Tangible Fixed Assets |
14.4 |
11.5 |
12.2 |
12.2 |
3.1 |
|
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 |
14.4 |
11.5 |
12.2 |
12.2 |
3.1 |
|
Stocks |
1.2 |
0.9 |
1.4 |
1.8 |
2.6 |
|
Work in Progress |
0.2 |
0.3 |
0.2 |
0.1 |
0.2 |
|
Total Stocks Work In Progress |
1.4 |
1.1 |
1.6 |
1.9 |
2.9 |
|
Trade Debtors |
1.8 |
2.2 |
2.5 |
2.4 |
2.5 |
|
Inter-Company Debtors |
0.5 |
1.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Other Debtors |
1.5 |
0.9 |
0.7 |
0.7 |
0.9 |
|
Total Debtors |
3.8 |
4.0 |
3.2 |
3.1 |
3.5 |
|
Cash and Equivalents |
2.5 |
1.6 |
1.5 |
2.0 |
0.6 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
7.7 |
6.7 |
6.4 |
7.1 |
7.0 |
|
Total Assets |
22.1 |
18.3 |
18.6 |
19.3 |
10.1 |
|
Trade Creditors |
2.3 |
2.2 |
2.8 |
1.5 |
2.0 |
|
Bank Overdraft |
0.0 |
0.0 |
0.1 |
0.1 |
- |
|
Inter-Company Creditors |
1.0 |
1.0 |
1.7 |
1.8 |
1.1 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Finance Lease (Current Liability) |
1.3 |
0.8 |
0.8 |
1.2 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
1.3 |
0.8 |
0.8 |
1.2 |
0.3 |
|
Total Short Term Loans |
0.7 |
2.4 |
2.8 |
2.9 |
1.7 |
|
Accruals/Deferred Income (Current Liability) |
0.5 |
0.9 |
1.2 |
1.2 |
0.4 |
|
Social Security/VAT |
0.4 |
0.5 |
0.7 |
0.4 |
0.6 |
|
Corporation Tax |
0.0 |
0.0 |
0.0 |
- |
- |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Current Liabilities |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Current Liabilities |
6.5 |
7.7 |
10.2 |
9.3 |
6.3 |
|
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 |
0.4 |
|
Leasing (Long Term Liability) |
2.2 |
1.7 |
2.3 |
3.2 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
2.2 |
1.7 |
2.3 |
3.2 |
0.4 |
|
Other Long Term Loans |
1.8 |
1.9 |
2.2 |
2.8 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Other Long Term Liabilities |
1.1 |
1.0 |
1.1 |
1.1 |
- |
|
Total Long Term Liabilities |
5.1 |
4.6 |
5.6 |
7.0 |
0.4 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
2.3 |
1.8 |
1.5 |
1.5 |
0.4 |
|
Total Provisions |
2.3 |
1.8 |
1.5 |
1.5 |
0.4 |
|
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 |
8.2 |
4.1 |
1.3 |
1.4 |
2.9 |
|
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 |
8.2 |
4.2 |
1.4 |
1.5 |
3.0 |
|
Net Worth |
8.2 |
4.2 |
1.4 |
1.5 |
3.0 |
Annual Cash Flows
|
Financials in: USD (mil) |
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631174 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual Ratios
|
Financials in: USD (mil) |
|
|
31-Dec-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.619061 |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.20 |
0.88 |
0.63 |
0.76 |
1.10 |
|
Liquidity Ratio |
0.98 |
0.73 |
0.47 |
0.55 |
0.65 |
|
Stock Turnover |
17.84 |
17.93 |
11.23 |
8.56 |
- |
|
Credit Period (Days) |
25.35 |
38.91 |
50.55 |
53.05 |
- |
|
Working Capital by Sales |
5.03% |
-4.69% |
-20.44% |
-13.07% |
- |
|
Trade Credit by Debtors |
1.30 |
1.00 |
1.08 |
0.64 |
0.82 |
|
Return on Capital |
25.10% |
25.81% |
-2.64% |
-13.41% |
107.04% |
|
Return on Assets |
17.77% |
14.94% |
-1.20% |
-6.99% |
39.89% |
|
Profit Margin |
15.51% |
13.39% |
-1.21% |
-8.10% |
- |
|
Return on Shareholders Funds |
47.85% |
65.19% |
-16.45% |
-91.67% |
135.94% |
|
Borrowing Ratio |
87.76% |
184.56% |
735.69% |
815.13% |
121.71% |
|
Equity Gearing |
37.14% |
22.91% |
7.27% |
7.62% |
29.34% |
|
Debt Gearing |
49.12% |
85.68% |
337.54% |
406.91% |
12.87% |
|
Interest Coverage |
5.20 |
3.53 |
-0.28 |
-2.57 |
22.39 |
|
Sales by Tangible Assets |
1.76 |
1.77 |
1.51 |
1.36 |
- |
|
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 |
0.1 |
0.1 |
0.1 |
0.1 |
- |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
25.24% |
25.72% |
27.57% |
30.37% |
- |
|
Creditor Days (Cost of Sales Based) |
48.31 |
56.50 |
71.28 |
41.88 |
- |
|
Creditor Days (Sales Based) |
33.05 |
38.91 |
54.84 |
33.78 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.83.67 |
|
Euro |
1 |
Rs.71.02 |
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.