MIRA INFORM REPORT
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Report Date : |
16.05.2013 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL COMPONENTS UK LTD. |
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Registered Office : |
8 Stevenson Way, Sheffield, S9 3WZ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
07.07.2004 |
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Com. Reg. No.: |
05172752 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Distribution of Commercial Vehicle Parts |
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No. of Employees : |
95 employees |
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) |
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United
Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 third largest
economy in Europe after Germany and France. Over the past two decades, the
government has greatly reduced public ownership and contained the growth of
social welfare programs. Agriculture is intensive, highly mechanized, and
efficient by European standards, producing about 60% of food needs with less
than 2% of the labor force. The UK has large coal, natural gas, and oil
resources, but its oil and natural gas reserves are declining and the UK became
a net importer of energy in 2005. Services, particularly banking, insurance,
and business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. After emerging from recession in
1992, Britain's economy enjoyed the longest period of expansion on record
during which time growth outpaced most of Western Europe. In 2008, however, the
global financial crisis hit the economy particularly hard, due to the
importance of its financial sector. Sharply declining home prices, high
consumer debt, and the global economic slowdown compounded Britain's economic
problems, pushing the economy into recession in the latter half of 2008 and
prompting the then BROWN (Labour) government to implement a number of measures
to stimulate the economy and stabilize the financial markets; these include
nationalizing parts of the banking system, temporarily cutting taxes,
suspending public sector borrowing rules, and moving forward public spending on
capital projects. Facing burgeoning public deficits and debt levels, in 2010
the CAMERON-led coalition government (between Conservatives and Liberal
Democrats) initiated a five-year austerity program, which aims to lower
London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In
November 2011, Chancellor of the Exchequer George OSBORNE announced additional
austerity measures through 2017 because of slower-than-expected economic growth
and the impact of the euro-zone debt crisis. The CAMERON government raised the
value added tax from 17.5% to 20% in 2011. It has pledged to reduce the
corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an
asset purchase program of up to £325 billion (approximately $525 billion) as of
February 2011. During times of economic crisis, the BoE coordinates interest
rate moves with the European Central Bank, but Britain remains outside the
European Economic and Monetary Union (EMU).
|
Source : CIA |
Company
name & address
Universal Components UK Ltd.
8 Stevenson Way
Sheffield, S9 3WZ
United Kingdom
(Trading Address)
Registered Address
Synthesis
Employees: 95
Company Type: Private Subsidiary
Corporate Family: 35
Companies
Ultimate Parent: T.V.
Sundram Iyengar & Sons Limited
Quoted Status: Non-quoted Company
Incorporation Date:
07-Jul-2004
Auditor: Baker Tilly UK Audit LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: British
Pound Sterling
Annual Sales:
8.1 1
Net Income: 0.5
Total Assets: 15.7
Business Description
Distribution of commercial vehicle parts.
Industry
Industry Retail (Specialty)
ANZSIC 2006: 3921 - Motor
Vehicle Parts Retailing
NACE 2002: 5030 - Sale of
motor vehicle parts and accessories
NAICS 2002: 441310 -
Automotive Parts and Accessories Stores
UK SIC 2003: 5030 - Sale of
motor vehicle parts and accessories
UK SIC 2007: 4532 - Retail
trade of motor vehicle parts and accessories
US SIC 1987: 5531 - Auto and
Home Supply Stores
Key Executives
|
Name |
Title |
|
Gary Hadley |
Chief Executive |
|
Adrian Brammer |
Financial Controller |
|
David Kernahan |
Sales Director |
|
Paul Roberts |
Secretary |
|
Emma Whitaker |
Operations Manager |
News
|
Title |
Date |
|
TVS Group buys UK auto parts distribution
firm |
28-Mar-2012 |
|
TVS Group acquires Universal Components UK
for Rs 100 crore |
28-Mar-2012 |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6267523
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6281078
Corporate Overview
Location
8 Stevenson Way
Sheffield, S9 3WZ
South Yorkshire County
United Kingdom
Sales GBP(mil): 5.1
Assets GBP(mil): 9.9
Employees: 95
Fiscal Year End: 31-Mar-2012
Industry: Retail
(Specialty)
Registered
Address:
8 Stevenson Way
Sheffield, S9 3WZ
United Kingdom
Incorporation Date: 07-Jul-2004
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 05172752
Chief Executive: Gary
Hadley
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3921 - Motor Vehicle Parts Retailing
NACE 2002 Codes:
5030 - Sale of motor vehicle parts and accessories
NAICS 2002 Codes:
441310 - Automotive Parts and Accessories Stores
US SIC 1987:
5531 - Auto and Home Supply Stores
UK SIC 2003:
5030 - Sale of motor vehicle parts and accessories
UK SIC 2007:
4532 - Retail trade of motor vehicle parts and accessories
Business
Description
Distribution of commercial vehicle parts.
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Corporate Family |
Corporate
Structure News: |
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T.V.
Sundram Iyengar & Sons Limited |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Madurai, Tamil Nadu |
India |
Miscellaneous Financial Services |
5,400.0 |
5,000 |
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Subsidiary |
Hosur |
India |
Auto and Truck Manufacturers |
1,552.1 |
4,405 |
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Subsidiary |
Chennai |
India |
Auto and Truck Parts |
105.6 |
570 |
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Subsidiary |
Sheffield |
United Kingdom |
Retail (Specialty) |
8.1 |
95 |
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Subsidiary |
Sheffield |
United Kingdom |
Nonclassifiable Industries |
|
84 |
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Subsidiary |
Sheffield |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Sheffield |
United Kingdom |
Nonclassifiable Industries |
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Branch |
Chennai, Tamil Nadu |
India |
Recreational Products |
355.9 |
15 |
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Subsidiary |
Amsterdam, Noord-Holland |
Netherlands |
Retail (Specialty) |
|
1 |
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Subsidiary |
Hosur, Tamil Nadu |
India |
Auto and Truck Parts |
163.3 |
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Subsidiary |
Chennai |
India |
Consumer Financial Services |
634.8 |
2,000 |
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Subsidiary |
Chennai |
India |
Software and Programming |
|
2,100 |
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Subsidiary |
Chennai |
India |
Miscellaneous Fabricated Products |
584.7 |
1,800 |
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Subsidiary |
Peine, Niedersachsen |
Germany |
Miscellaneous Fabricated Products |
69.0 |
290 |
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Branch |
Chennai, Tamil Nadu |
India |
Miscellaneous Capital Goods |
|
120 |
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Branch |
Gummidipoondi, Tamilnadu |
India |
Miscellaneous Fabricated Products |
|
86 |
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Branch |
Chennai, Tamil Nadu |
India |
Miscellaneous Capital Goods |
|
80 |
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Branch |
Gummidipoondi, Tamilnadu |
India |
Miscellaneous Capital Goods |
|
71 |
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Subsidiary |
Cramlington |
United Kingdom |
Construction - Supplies and Fixtures |
14.9 |
53 |
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Branch |
Gummidipoondi, Tamilnadu |
India |
Iron and Steel |
|
51 |
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Subsidiary |
Peine, Niedersachsen |
Germany |
Personal Services |
|
35 |
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Branch |
Gummidipoondi, Tamilnadu |
India |
Miscellaneous Capital Goods |
|
10 |
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Branch |
Chennai, Tamil Nadu |
India |
Miscellaneous Capital Goods |
397.0 |
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Subsidiary |
Madurai |
India |
Tires |
304.6 |
1,648 |
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Subsidiary |
Chennai |
India |
Auto and Truck Parts |
53.5 |
1,619 |
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Subsidiary |
Hosur |
India |
Auto and Truck Parts |
56.0 |
971 |
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Branch |
Chennai, Tamil Nadu |
India |
Auto and Truck Parts |
|
600 |
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Subsidiary |
Bangalore, Karnataka |
India |
Electronic Instruments and Controls |
10.7 |
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Branch |
Madurai |
India |
Miscellaneous Fabricated Products |
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Subsidiary |
Madurai, Tamil Nadu |
India |
Trucking |
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Subsidiary |
Chennai |
India |
Electronic Instruments and Controls |
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Branch |
Kanchipuram, Tamil Nadu |
India |
Miscellaneous Capital Goods |
|
1,250 |
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Subsidiary |
Madurai, Tamil Nadu |
India |
Fabricated Plastic and Rubber |
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Subsidiary |
Madurai, Tamil Nadu |
India |
Textiles - Non Apparel |
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Subsidiary |
Madurai, Tamil Nadu |
India |
Water Transportation |
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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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Director |
Director/Board Member |
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Executives |
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Chief Executive |
Chief Executive Officer |
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Operations Manager |
Operations Executive |
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Secretary |
Company Secretary |
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Financial Controller |
Finance Executive |
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Sales Director |
Sales Executive |
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Sales Director |
Sales Executive |
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Directors and Shareholders
Report
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Main Office Address: |
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Annual Return Date: 07 Jul 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
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Current |
02 Dec 1968 |
Baker Tilly Restructuring & Recovery Llp 3 Hardman, |
25 Nov 2011 |
NA |
Current:22 |
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Current |
12 Jul 1973 |
The Byre Bagden Lane, Clayton West, |
01 Nov 2004 |
NA |
Current:6 |
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Current |
14 Mar 1962 |
8 Stevenson Way, |
25 Nov 2011 |
NA |
Current:9 |
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Current |
23 Jul 1958 |
Tvs & Sundram Iyengar & Sons Ltd Tvs Building 7B W, |
25 Nov 2011 |
NA |
Current:3 |
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Previous |
24 Dec 1974 |
69 Eckington Road, |
07 Jul 2004 |
04 Aug 2004 |
Current:0 |
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Previous |
17 May 1960 |
2 Hollythorpe Crescent, |
12 Oct 2004 |
04 Jun 2010 |
Current:1 |
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Previous |
04 May 1958 |
6 Twelve Lands Close, Tankersley, |
04 Aug 2004 |
25 Nov 2011 |
Current:0 |
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Previous |
11 Jun 1947 |
6 Wignall Avenue, Wickersley, |
13 May 2008 |
02 Oct 2009 |
Current:0 |
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Corporate Directors |
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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 |
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Current |
NA |
8 Stevenson Way, Sheffield, |
25 Nov 2011 |
NA |
Current:1 |
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Previous |
NA |
10 Toftwood Road, |
07 Jul 2004 |
03 Sep 2004 |
Current:1 |
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Previous |
04 May 1958 |
6 Twelve Lands Close, Tankersley, |
12 Oct 2004 |
25 Nov 2011 |
Current:0 |
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Previous |
10 Jan 1963 |
Rose Farm Stead Lane, Burley Woodhead, |
03 Sep 2004 |
12 Oct 2004 |
Current:4 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
07839757 |
50000 Ordinary GBP 1.00 |
Ordinary |
50,000 |
1.00 |
50,000.00 |
100.00 |
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
13 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
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Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
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Total Turnover |
8.1 |
31.8 |
28.5 |
24.6 |
26.8 |
|
Cost of Sales |
5.5 |
21.0 |
19.4 |
16.5 |
19.2 |
|
Gross Profit |
2.5 |
10.7 |
9.1 |
8.1 |
7.6 |
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Depreciation |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Other Expenses |
1.8 |
7.2 |
7.0 |
7.2 |
7.2 |
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Operating Profit |
0.7 |
3.5 |
2.0 |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Interest Paid |
0.0 |
0.1 |
0.1 |
0.1 |
0.3 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
0.7 |
3.4 |
1.9 |
0.8 |
0.1 |
|
Tax Payable / Credit |
0.1 |
1.0 |
0.6 |
0.2 |
0.0 |
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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 |
0.5 |
2.4 |
1.3 |
0.6 |
0.1 |
|
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 |
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Number of Employees |
95 |
91 |
84 |
81 |
91 |
|
Wages |
0.8 |
3.0 |
2.4 |
2.4 |
2.7 |
|
Social Security Costs |
0.1 |
0.3 |
0.2 |
0.2 |
0.3 |
|
Pensions |
0.0 |
0.0 |
- |
- |
- |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
0.8 |
3.2 |
2.6 |
2.7 |
3.0 |
|
Directors Emoluments |
0.1 |
0.1 |
- |
- |
- |
|
Other Costs |
0.0 |
0.0 |
- |
- |
- |
|
Directors Remuneration |
0.1 |
0.1 |
0.1 |
0.2 |
0.3 |
|
Highest Paid Director |
0.1 |
0.1 |
- |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
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Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
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|
|
|
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|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
|
Total Tangible Fixed Assets |
0.0 |
0.1 |
0.2 |
0.2 |
0.3 |
|
Intangible Assets |
2.2 |
2.0 |
2.3 |
2.7 |
2.4 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
2.2 |
2.1 |
2.5 |
2.9 |
2.6 |
|
Stocks |
6.2 |
5.5 |
5.1 |
4.9 |
4.4 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
6.2 |
5.5 |
5.1 |
4.9 |
4.4 |
|
Trade Debtors |
7.1 |
6.1 |
5.5 |
5.4 |
4.5 |
|
Inter-Company Debtors |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Debtors |
0.3 |
0.3 |
0.2 |
0.2 |
0.3 |
|
Total Debtors |
7.3 |
6.4 |
5.7 |
5.6 |
4.9 |
|
Cash and Equivalents |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
13.5 |
12.0 |
10.8 |
10.6 |
9.3 |
|
Total Assets |
15.7 |
14.1 |
13.4 |
13.5 |
12.0 |
|
Trade Creditors |
3.7 |
3.3 |
3.7 |
3.1 |
2.4 |
|
Bank Overdraft |
0.1 |
0.1 |
0.2 |
0.3 |
0.3 |
|
Inter-Company Creditors |
0.1 |
0.0 |
0.6 |
0.0 |
0.0 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Short Term Loans |
0.0 |
0.0 |
- |
0.0 |
- |
|
Accruals/Deferred Income (Current Liability) |
0.3 |
0.3 |
1.1 |
1.0 |
0.2 |
|
Social Security/VAT |
0.1 |
0.3 |
0.0 |
0.1 |
0.1 |
|
Corporation Tax |
1.1 |
1.0 |
- |
0.0 |
0.0 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Other Current Liabilities |
3.0 |
2.5 |
2.8 |
4.3 |
5.2 |
|
Total Current Liabilities |
8.3 |
7.4 |
8.4 |
8.8 |
8.3 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
- |
- |
- |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Other Long Term Liabilities |
0.0 |
0.0 |
1.3 |
2.2 |
1.5 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
1.3 |
2.2 |
1.5 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.7 |
0.7 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.7 |
0.7 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Share Premium Accounts |
1.2 |
1.2 |
1.2 |
1.2 |
1.1 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
5.4 |
4.7 |
2.4 |
1.1 |
1.0 |
|
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 |
6.7 |
6.0 |
3.7 |
2.5 |
2.2 |
|
Net Worth |
4.5 |
4.0 |
1.3 |
-0.3 |
-0.2 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
13 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
-0.4 |
2.9 |
0.4 |
0.8 |
4.3 |
|
Net Cash Flow from ROI and Servicing of Finance |
0.0 |
-0.1 |
-0.1 |
-0.1 |
-0.3 |
|
Taxation |
0.0 |
-0.7 |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
-0.1 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
-4.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
0.4 |
-2.0 |
0.0 |
-0.7 |
0.0 |
|
Increase in Cash |
-0.1 |
0.2 |
0.1 |
0.0 |
-0.1 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
|
Period Length |
13 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.643459 |
0.638712 |
0.619253 |
0.695531 |
|
Consolidated |
Yes |
Yes |
Yes |
Yes |
Yes |
|
|
|
|
|
|
|
|
Current Ratio |
1.63 |
1.62 |
1.28 |
1.19 |
1.12 |
|
Liquidity Ratio |
0.88 |
0.87 |
0.68 |
0.64 |
0.59 |
|
Stock Turnover |
5.21 |
5.57 |
5.69 |
5.16 |
4.72 |
|
Credit Period (Days) |
80.30 |
71.81 |
69.59 |
77.59 |
78.47 |
|
Working Capital by Sales |
16.22% |
14.89% |
8.24% |
6.71% |
4.85% |
|
Trade Credit by Debtors |
0.52 |
0.54 |
0.67 |
0.57 |
0.54 |
|
Return on Capital |
35.45% |
49.45% |
38.98% |
18.66% |
2.62% |
|
Return on Assets |
16.67% |
23.48% |
14.37% |
6.40% |
0.80% |
|
Profit Margin |
8.13% |
10.73% |
6.65% |
3.38% |
0.46% |
|
Return on Shareholders Funds |
39.34% |
55.28% |
52.36% |
35.14% |
4.45% |
|
Borrowing Ratio |
4.32% |
1.60% |
62.45% |
-106.84% |
-161.95% |
|
Equity Gearing |
42.37% |
42.47% |
27.44% |
18.20% |
18.02% |
|
Debt Gearing |
- |
- |
- |
- |
-8.78% |
|
Interest Coverage |
31.62 |
36.02 |
15.67 |
7.93 |
0.44 |
|
Sales by Tangible Assets |
- |
295.70 |
133.15 |
158.11 |
75.50 |
|
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 |
0.3 |
0.3 |
0.3 |
0.3 |
0.2 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.0 |
|
Tangible Assets per Employee |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Employee Remuneration by Sales |
10.34% |
10.16% |
9.19% |
10.85% |
11.19% |
|
Creditor Days (Cost of Sales Based) |
60.52 |
58.17 |
68.30 |
66.59 |
59.11 |
|
Creditor Days (Sales Based) |
41.57 |
38.54 |
46.59 |
44.60 |
42.39 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.78 |
|
UK Pound |
1 |
Rs.83.38 |
|
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.