MIRA INFORM REPORT
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Report Date : |
21.05.2013 |
IDENTIFICATION DETAILS
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Name : |
NENE STORAGE EQUIPMENT LTD. |
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Registered Office : |
Nene House Station Road, Watford Village, Northampton, NN6 7XN |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
08.03.1974 |
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Com. Reg. No.: |
01162468 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
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No. of Employees : |
31 |
RATING & COMMENTS
|
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 : |
Slow but Correct |
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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 & address
Nene Storage Equipment Ltd.
Nene House
Station Road
Watford Village
Northampton, NN6 7XN
United Kingdom
(Trading Address)
Registered Address
Tel: 01327 300456
Web: www.nene.co.uk
Synthesis
Employees: 31
Company Type: Private
Subsidiary
Corporate Family: 4
Companies
Ultimate Parent: Nene
Group PLC
Quoted Status: Non-quoted
Company
Incorporation Date:
08-Mar-1974
Auditor: Mha Macintyre Hudson
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 15.1
1
Net Income: 0.7
Total Assets: 7.2
Business Description
The Nene Group is a UK family owned business that in one form or another has been trading since the late 1960's. Our principle business continues to revolve around Industrial Property Development and Ownership, as well as Pallet Racking & Material Handling. Our ownership of land & property within the East Midlands area has allowed our trading companies to maintain a strong financial position within their specialist areas, and with this strength and market presence has come our ability to enter into demanding contracts with many household name companies within the retail and logistics sector of the market place. Going forward we want to be the most positive and innovative company operating within our key business areas, and to that end have taken direct interests in the USA, Europe, and the Far East to strengthen both our purchasing & sales positions. As a company we are committed to maintaining high standards of professionalism within our companies and will continue to invest in the latest I.T. and company aids available to ensure that we maintain our strong position. Above all, we believe that our employees are what makes us a great company and we make no apology for our continued investment in the training and progress of our fantastic staff. We are a fully qualified SEMA SEIRS Approved Installation Company and carry all the correct certification including SAFE CONTRACTOR. With our Head Office and Production Facilities based in the East Midlands, of which has become a core area for the distribution & logistics operations of a large percentage of UK companies, we are well placed to assist with the further development of the UK & European Material Handling, and Storage Industry. Benefits of working with Nene: Professional Directors and Management team Huge experience in terms of racking and shelving both within end user and trade distributor sales Latest 2D/3D design technology Large contracts with many established UK retailers/wholesalers in terms of racking (asset) management Nene offer a ""one-stop-shop"" service for logistics and distribution companies in terms of all warehouse storage equipment Extensive industrial property portfolio Massive stock holding in the region of £3million Please feel free to navigate our website and should you have any questions feel free to pick up the phone or drop us an email to communicate further with one of our professional friendly staff.
Industry
Industry Construction Services
ANZSIC 2006: 3299 - Other
Construction Services Not Elsewhere Classified
NACE 2002: 4534 - Other
building installation
NAICS 2002: 2389 - Other
Specialty Trade Contractors
UK SIC 2003: 4534 - Other building
installation
UK SIC 2007: 4329 - Other
construction installation
US SIC 1987: 1799 - Special
Trade Contractors, Not Elsewhere Classified
Key Executives
|
Name |
Title |
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Louise Jane Sharif |
Secretary |
|
Russell Ashenden |
Director |
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Paul Darrell Fagan |
Director |
|
Thomas Anthony Pearson |
Director |
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Linda Maria Steele |
Director |
news
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Title |
Date |
|
New bumper (Nene Storage Equipment Ltd) |
10-Jul-2012 |
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Fit to store clothing (Nene Storage Equipment Ltd) |
9-Jul-2012 |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593
Corporate Overview
Location
Nene House
Station Road
Watford Village
Northampton, NN6 7XN
Northamptonshire County
United Kingdom
Tel: 01327 300456
Web: www.nene.co.uk
Sales GBP(mil): 9.4
Assets GBP(mil): 4.7
Employees: 31
Fiscal Year End: 31-Dec-2011
Industry: Construction
Services
Registered
Address:
Nene House Station Road
Watford Village
Northampton, NN6 7XN
United Kingdom
Incorporation Date: 08-Mar-1974
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 01162468
Director: Thomas
Anthony Pearson
Industry Codes
ANZSIC 2006 Codes:
3299 - Other Construction Services Not Elsewhere Classified
3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002 Codes:
4534 - Other building installation
5118 - Agents specialising in the sale of particular products or
ranges of products not elsewhere classified
NAICS 2002 Codes:
2389 - Other Specialty Trade Contractors
425120 - Wholesale Trade Agents and Brokers
US SIC 1987:
1799 - Special Trade Contractors, Not Elsewhere Classified
5099 - Durable Goods, Not Elsewhere Classified
UK SIC 2003:
4534 - Other building installation
5118 - Agents specialising in the sale of particular products or
ranges of products not elsewhere classified
UK SIC 2007:
4329 - Other construction installation
4618 - Agents specialised in the sale of other particular products
Business
Description
Manufacture, refurbishment and sale of storage equipment and related
products.
More Business
Descriptions
Storage Systems
The Nene Group is a UK family owned business that in one form or another has been trading since the late 1960's. Our principle business continues to revolve around Industrial Property Development and Ownership, as well as Pallet Racking & Material Handling. Our ownership of land & property within the East Midlands area has allowed our trading companies to maintain a strong financial position within their specialist areas, and with this strength and market presence has come our ability to enter into demanding contracts with many household name companies within the retail and logistics sector of the market place. Going forward we want to be the most positive and innovative company operating within our key business areas, and to that end have taken direct interests in the USA, Europe, and the Far East to strengthen both our purchasing & sales positions. As a company we are committed to maintaining high standards of professionalism within our companies and will continue to invest in the latest I.T. and company aids available to ensure that we maintain our strong position. Above all, we believe that our employees are what makes us a great company and we make no apology for our continued investment in the training and progress of our fantastic staff. We are a fully qualified SEMA SEIRS Approved Installation Company and carry all the correct certification including SAFE CONTRACTOR. With our Head Office and Production Facilities based in the East Midlands, of which has become a core area for the distribution & logistics operations of a large percentage of UK companies, we are well placed to assist with the further development of the UK & European Material Handling, and Storage Industry. Benefits of working with Nene: Professional Directors and Management team Huge experience in terms of racking and shelving both within end user and trade distributor sales Latest 2D/3D design technology Large contracts with many established UK retailers/wholesalers in terms of racking (asset) management Nene offer a ""one-stop-shop"" service for logistics and distribution companies in terms of all warehouse storage equipment Extensive industrial property portfolio Massive stock holding in the region of £3million Please feel free to navigate our website and should you have any questions feel free to pick up the phone or drop us an email to communicate further with one of our professional friendly staff.
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Corporate Family |
Corporate
Structure News: |
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Nene
Group PLC |
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Nene Storage Equipment Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Nene Group PLC |
Parent |
Northampton |
United Kingdom |
Real Estate Operations |
16.6 |
45 |
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Nene Storage Equipment Ltd. |
Subsidiary |
Northampton |
United Kingdom |
Construction Services |
15.1 |
31 |
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B Smart Associates Ltd. |
Subsidiary |
Northampton |
United Kingdom |
Nonclassifiable Industries |
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Nene Beauty Salons Ltd. |
Subsidiary |
Northampton |
United Kingdom |
Nonclassifiable Industries |
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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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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01327
300456 |
Annual Return Date: 06
Oct 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 |
04 Apr 1959 |
14 Hidcote Close, Maple Park, |
25 Feb 1991 |
NA |
Current:3 |
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|
Current |
21 Aug 1958 |
2 Halford Way, Welton, |
25 Feb 1991 |
NA |
Current:4 |
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Current |
29 Jun 1961 |
Hillside Manor, Hillside Road Flore, |
25 Feb 1991 |
NA |
Current:4 |
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Current |
04 Feb 1961 |
Nene House Station Road, Watford Village, |
06 Feb 2003 |
NA |
Current:2 |
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Current |
19 Feb 1965 |
Nene House Station Road, Watford Village, |
12 Sep 2011 |
NA |
Current:2 |
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Previous |
27 May 1944 |
2 Orchard Close, Badby, |
13 Jan 1995 |
12 Sep 2011 |
Current:0 |
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Previous |
16 Oct 1935 |
Sandling 27 London Road, |
25 Feb 1991 |
30 Mar 1995 |
Current:0 |
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Previous |
05 Jan 1936 |
Clarron Badby Road West, |
NA |
28 Nov 1994 |
Current:1 |
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Previous |
15 Jan 1939 |
Clarron Badby Road, Daventry, |
NA |
28 Nov 1994 |
Current:0 |
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Previous |
26 Apr 1947 |
22 Wensleydale, Brampton Park Welford Road, |
25 Feb 1991 |
31 Jul 2004 |
Current:0 |
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Previous |
26 May 1942 |
52 London Road, |
25 Feb 1991 |
31 Mar 2000 |
Current:1 |
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Previous |
04 Aug 1951 |
3 The Manor Orchard, Harborough Road Brixworth, |
25 Feb 1991 |
03 Feb 1992 |
Current:2 |
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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 |
Nene House Station Road, Watford Village, |
12 Sep 2011 |
NA |
Current:1 |
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Previous |
27 May 1944 |
2 Orchard Close, Badby, |
30 Jun 1995 |
12 Sep 2011 |
Current:0 |
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Previous |
16 Oct 1935 |
Sandling 27 London Road, |
03 Feb 1992 |
30 Jun 1995 |
Current:0 |
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Previous |
04 Aug 1951 |
3 The Manor Orchard, Harborough Road Brixworth, |
25 Feb 1991 |
03 Feb 1992 |
Current:2 |
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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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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
T R Pearson |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
<0.01 |
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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 |
|
01153228 |
499999 Ordinary GBP 1.00 |
Ordinary |
499,999 |
1.00 |
499,999.00 |
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-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 |
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Turnover (UK) |
14.4 |
10.9 |
- |
- |
- |
|
Turnover (Exports) |
0.7 |
0.0 |
- |
- |
- |
|
Total Turnover |
15.1 |
10.9 |
7.0 |
12.0 |
13.6 |
|
Cost of Sales |
10.5 |
8.1 |
4.1 |
8.1 |
9.3 |
|
Gross Profit |
4.6 |
2.8 |
2.8 |
3.9 |
4.3 |
|
Depreciation |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Expenses |
3.7 |
3.4 |
2.6 |
3.6 |
4.3 |
|
Operating Profit |
0.8 |
-0.6 |
0.3 |
- |
0.0 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
0.8 |
-0.6 |
0.2 |
0.2 |
0.0 |
|
Tax Payable / Credit |
0.1 |
0.0 |
0.0 |
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 |
0.0 |
|
Profit After Taxes |
0.7 |
-0.6 |
0.2 |
0.2 |
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 |
|
Number of Employees |
31 |
- |
26 |
30 |
28 |
|
Wages |
1.3 |
- |
0.8 |
1.2 |
1.3 |
|
Social Security Costs |
0.2 |
- |
0.1 |
0.1 |
0.2 |
|
Pensions |
- |
- |
0.0 |
- |
0.0 |
|
Other Pension Costs |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
1.5 |
- |
0.9 |
1.3 |
1.5 |
|
Directors Emoluments |
- |
- |
0.1 |
- |
0.1 |
|
Other Costs |
- |
- |
0.0 |
- |
0.0 |
|
Directors Remuneration |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
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 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.8 |
1.0 |
0.7 |
0.5 |
0.6 |
|
Total Tangible Fixed Assets |
0.8 |
1.0 |
0.7 |
0.5 |
0.6 |
|
Intangible Assets |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
1.0 |
1.0 |
0.7 |
0.5 |
0.6 |
|
Stocks |
1.3 |
1.2 |
0.7 |
0.7 |
1.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
1.3 |
1.2 |
0.7 |
0.7 |
1.0 |
|
Trade Debtors |
3.0 |
1.9 |
1.3 |
1.3 |
1.7 |
|
Inter-Company Debtors |
1.7 |
1.1 |
2.0 |
1.9 |
2.2 |
|
Other Debtors |
0.2 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Total Debtors |
4.9 |
3.1 |
3.4 |
3.1 |
3.9 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.8 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
6.3 |
4.2 |
4.2 |
3.8 |
5.7 |
|
Total Assets |
7.2 |
5.3 |
4.8 |
4.3 |
6.3 |
|
Trade Creditors |
1.5 |
1.5 |
0.8 |
0.7 |
1.4 |
|
Bank Overdraft |
1.1 |
1.0 |
0.7 |
0.6 |
0.9 |
|
Inter-Company Creditors |
0.4 |
0.0 |
0.3 |
0.3 |
0.3 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
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 |
0.0 |
0.0 |
0.1 |
|
Total Short Term Loans |
0.0 |
0.0 |
- |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
0.5 |
0.5 |
0.1 |
0.3 |
0.7 |
|
Social Security/VAT |
0.4 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Corporation Tax |
0.2 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Other Current Liabilities |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Total Current Liabilities |
4.1 |
3.1 |
2.2 |
2.3 |
3.8 |
|
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 |
- |
- |
- |
|
Leasing (Long Term Liability) |
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 |
0.7 |
0.4 |
0.2 |
0.1 |
0.0 |
|
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 |
0.7 |
0.5 |
0.2 |
0.1 |
0.0 |
|
Deferred Taxation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Issued Capital |
0.8 |
0.8 |
0.8 |
0.7 |
1.0 |
|
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 |
1.5 |
0.8 |
1.5 |
1.2 |
1.4 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
2.2 |
1.6 |
2.3 |
1.9 |
2.4 |
|
Net Worth |
2.1 |
1.6 |
2.3 |
1.9 |
2.4 |
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 |
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 |
1.51 |
1.38 |
1.86 |
1.68 |
1.50 |
|
Liquidity Ratio |
1.19 |
1.00 |
1.54 |
1.39 |
1.25 |
|
Stock Turnover |
11.28 |
9.47 |
10.06 |
14.41 |
14.25 |
|
Credit Period (Days) |
75.43 |
61.23 |
67.13 |
48.81 |
45.69 |
|
Working Capital by Sales |
14.41% |
10.58% |
26.73% |
16.37% |
13.98% |
|
Trade Credit by Debtors |
0.51 |
0.82 |
0.60 |
0.58 |
0.85 |
|
Return on Capital |
24.79% |
-26.75% |
8.90% |
8.75% |
0.53% |
|
Return on Assets |
10.58% |
-11.24% |
4.79% |
4.16% |
0.21% |
|
Profit Margin |
5.24% |
-5.35% |
3.21% |
1.90% |
0.10% |
|
Return on Shareholders Funds |
34.07% |
-36.52% |
10.06% |
9.52% |
0.55% |
|
Borrowing Ratio |
106.84% |
88.80% |
55.44% |
56.67% |
53.62% |
|
Equity Gearing |
31.04% |
30.78% |
47.63% |
43.64% |
38.47% |
|
Debt Gearing |
34.85% |
27.93% |
8.57% |
5.18% |
1.23% |
|
Interest Coverage |
13.25 |
-37.27 |
7.03 |
16.49 |
0.93 |
|
Sales by Tangible Assets |
17.45 |
10.59 |
10.69 |
18.51 |
21.59 |
|
Average Remuneration per Employee |
0.0 |
- |
0.0 |
0.0 |
0.1 |
|
Profit per Employee |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.5 |
- |
0.3 |
0.3 |
0.5 |
|
Capital Employed per Employee |
0.1 |
- |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
- |
0.2 |
0.1 |
0.2 |
|
Employee Remuneration by Sales |
9.87% |
- |
12.80% |
11.01% |
10.90% |
|
Creditor Days (Cost of Sales Based) |
55.30 |
67.48 |
68.03 |
41.54 |
56.60 |
|
Creditor Days (Sales Based) |
38.58 |
49.95 |
40.37 |
28.17 |
38.67 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.04 |
|
UK Pound |
1 |
Rs.83.61 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.