MIRA INFORM REPORT
|
Report Date : |
01.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
DONALD WARD LTD. |
|
|
|
|
Registered Office : |
Rawdon Works, Moira Road, Woodville Swadlincote, DE11
8DG |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
24.12.1976 |
|
|
|
|
Com. Reg. No.: |
01292288 |
|
|
|
|
Legal Form : |
Private Parent |
|
|
|
|
Line of Business : |
Recycling of ferrous & non-ferrous metals in Woodville
near Burton-on-Trent, Staffordshire. |
|
|
|
|
No. of Employees : |
168 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
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
|
Donald Ward Ltd. |
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Business Description
Company History The Company was established in the 1950's
specialising in the recycling of ferrous & non-ferrous metals in Woodville
near Burton-on-Trent, Staffordshire. ISO9001 quality accreditation was granted
to the company in 1990 and during the following years the company directors
realized the potential to develop and grow Ward Recycling by responding to the
waste management needs of modern business and industry. In 2002 the company
expanded to it's second location, a 10 acre site at Ilkeston in Derbyshire,
representing a total investment of over £10m to 2009. February 2004 saw
continued investment with the installation of the £1m Redox waste recycling
plant at the Ilkeston site, further ensuring Ward Recycling's full compliance
with European Union waste management and recycling directives. Today Ward
Recycling has an annual turnover in excess of £50m, employs over 130 people
and operates a fleet of over 50 vehicles. The company is now managed by third
and fourth generation family members who continue their commitment to
developing waste management and recycling techniques, saving their customers
money and helping them to meet and exceed their recycling targets.
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
2710 - Manufacture
of basic iron and steel and of ferro-alloys |
|
NAICS 2002: |
|
|
UK SIC 2003: |
2710 -
Manufacture of basic iron and steel and of ferro-alloys |
|
UK SIC 2007: |
2410 -
Manufacture of basic iron and steel and of ferro-alloys |
|
US SIC 1987: |
3312 -
Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills |
Key Executives
|
Name |
Title |
|
Tracy Bryan |
Marketing & Sales Manager |
|
Janet Ward |
Secretary |
|
Stephen Adam |
IT Manager |
|
Director |
|
|
Director |
Financial Summary
|
FYE: 31-Mar-2012 |
USD (mil) |
||||||||||||||||||
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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
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|
ANZSIC 2006 Codes: |
||
|
2110 |
- |
Iron Smelting and Steel Manufacturing |
|
29 |
- |
Waste Collection, Treatment and Disposal
Services |
|
2139 |
- |
Other Basic Non-Ferrous Metal
Manufacturing |
|
9539 |
- |
Other Personal Services Not Elsewhere
Classified |
|
NACE 2002 Codes: |
||
|
2710 |
- |
Manufacture of basic iron and steel and of
ferro-alloys |
|
9305 |
- |
Other service activities not elsewhere
classified |
|
900 |
- |
Sewage and refuse disposal, sanitation and
similar activities |
|
2745 |
- |
Other non-ferrous metal production |
|
NAICS 2002 Codes: |
||
|
331111 |
- |
Iron and Steel Mills |
|
8129 |
- |
Other Personal Services |
|
331491 |
- |
Nonferrous Metal (except Copper and
Aluminum) Rolling, Drawing, and Extruding |
|
562 |
- |
Waste Management and Remediation Services |
|
US SIC 1987: |
||
|
3312 |
- |
Steel Works, Blast Furnaces (Including
Coke Ovens), and Rolling Mills |
|
7299 |
- |
Miscellaneous Personal Services, Not
Elsewhere Classified |
|
495 |
- |
Sanitary Services |
|
3339 |
- |
Primary Smelting and Refining of
Nonferrous Metals, Except Copper and Aluminum |
|
UK SIC 2003: |
||
|
2710 |
- |
Manufacture of basic iron and steel and of
ferro-alloys |
|
9305 |
- |
Other service activities not elsewhere
classified |
|
900 |
- |
Sewage and refuse disposal, sanitation and
similar activities |
|
2745 |
- |
Other non-ferrous metal production |
|
UK SIC 2007: |
||
|
2410 |
- |
Manufacture of basic iron and steel and of
ferro-alloys |
|
9609 |
- |
Other personal service activities n.e.c. |
|
38 |
- |
Waste collection, treatment and disposal
activities; materials recovery |
|
2445 |
- |
Other non-ferrous metal production |
Metal recycling and waste management
solutins for businesses of all sizes.
MORE BUSINESS DESCRIPTIONS
Skip Hire
Company History The Company was established in the 1950's specialising
in the recycling of ferrous & non-ferrous metals in Woodville near
Burton-on-Trent, Staffordshire. ISO9001 quality accreditation was granted to
the company in 1990 and during the following years the company directors
realized the potential to develop and grow Ward Recycling by responding to the
waste management needs of modern business and industry. In 2002 the company
expanded to it's second location, a 10 acre site at Ilkeston in Derbyshire,
representing a total investment of over £10m to 2009. February 2004 saw
continued investment with the installation of the £1m Redox waste recycling
plant at the Ilkeston site, further ensuring Ward Recycling's full compliance
with European Union waste management and recycling directives. Today Ward Recycling
has an annual turnover in excess of £50m, employs over 130 people and operates
a fleet of over 50 vehicles. The company is now managed by third and fourth
generation family members who continue their commitment to developing waste
management and recycling techniques, saving their customers money and helping
them to meet and exceed their recycling targets.
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Donald Ward Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
Swadlincote |
United Kingdom |
Iron and Steel |
166.1 |
168 |
|
|
|
UK Branch/Trading address |
Ilkeston |
United Kingdom |
Business Services |
166.1 |
149 |
|
Executives Report
|
Board of Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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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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Marketing & Sales Manager |
Sales Executive |
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|
IT Manager |
Information Executive |
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Directors and Shareholders Report
|
Main Office Address: |
Tel: 01283217192 |
Annual Return Date: 09 Dec 2012 |
Individual Directors
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
Current |
04 Apr 1975 |
Griffon Road Quarry Hill Ind Estate, |
05 Feb 2007 |
NA |
Current:1 |
|
|
Current |
27 Jun 1957 |
Heritage House Hollinoton Lane, Ednaston Ashbourne, |
31 Dec 1990 |
NA |
Current:3 |
|
|
Current |
13 Apr 1937 |
Coach House, Spinney Manor North Lane, |
31 Dec 1990 |
NA |
Current:2 |
|
|
Current |
12 Dec 1961 |
Spinney Manor, North Lane Brailsford, |
31 Dec 1990 |
NA |
Current:2 |
|
|
Current |
15 Oct 1952 |
65 Wiltshire Road, Chaddesden, |
01 Dec 2002 |
NA |
Current:1 |
|
|
Current |
29 Oct 1969 |
8 St Johns Drive, |
01 Dec 2002 |
NA |
Current:1 |
|
|
Previous |
28 Oct 1932 |
Caldder Barn, Taghole Lane, |
31 Dec 1990 |
14 Sep 2004 |
Current: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 |
|
Current |
13 Apr 1937 |
Coach House, Spinney Manor North Lane, |
31 Dec 1990 |
NA |
Current:2 |
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 |
|
David Ward |
35089 C Ordinary GBP 1.00 |
C Ordinary |
35,089 |
1.00 |
35,089.00 |
39.64 |
|
David Ward Jnr |
2500 D Ordinary GBP 0.50 |
D Ordinary |
2,500 |
0.50 |
1,250.00 |
2.82 |
|
David Ward Jnr |
2500 D Ordinary GBP 1.00 |
D Ordinary |
2,500 |
1.00 |
2,500.00 |
2.82 |
|
David Ward Snr |
1 D Ordinary GBP 1.00 |
D Ordinary |
1 |
1.00 |
1.00 |
<0.01 |
|
David Ward Snr |
1 D Ordinary GBP 0.50 |
D Ordinary |
1 |
0.50 |
0.50 |
<0.01 |
|
Donald Ward Jnr |
1667 B Ordinary GBP 1.00 |
B Ordinary |
1,667 |
1.00 |
1,667.00 |
1.88 |
|
Donald Ward Jnr |
1667 B Ordinary GBP 0.50 |
B Ordinary |
1,667 |
0.50 |
833.50 |
1.88 |
|
Michael Ward |
36756 A Ordinary GBP 1.00 |
A Ordinary |
36,756 |
1.00 |
36,756.00 |
41.53 |
|
Michael Ward Snr |
1 B Ordinary GBP 1.00 |
B Ordinary |
1 |
1.00 |
1.00 |
<0.01 |
|
Michael Ward Snr |
1 B Ordinary GBP 0.50 |
B Ordinary |
1 |
0.50 |
0.50 |
<0.01 |
|
Siwan Ward |
2500 D Ordinary GBP 1.00 |
D Ordinary |
2,500 |
1.00 |
2,500.00 |
2.82 |
|
Siwan Ward |
2500 D Ordinary GBP 0.50 |
D Ordinary |
2,500 |
0.50 |
1,250.00 |
2.82 |
|
Thomas Ward |
1666 B Ordinary GBP 0.50 |
B Ordinary |
1,666 |
0.50 |
833.00 |
1.88 |
|
Thomas Ward |
1666 B Ordinary GBP 1.00 |
B Ordinary |
1,666 |
1.00 |
1,666.00 |
1.88 |
Corporate Shareholders
There are no corporate shareholders for this company.
Annual
Profit & Loss
|
Financials in: USD (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
105.5 |
88.6 |
64.3 |
78.3 |
- |
|
Turnover (Exports) |
60.6 |
32.1 |
19.0 |
2.8 |
- |
|
Total Turnover |
166.1 |
120.7 |
83.3 |
81.1 |
- |
|
Cost of Sales |
134.6 |
93.4 |
66.0 |
62.9 |
- |
|
Gross Profit |
31.5 |
27.4 |
17.4 |
18.2 |
20.8 |
|
Depreciation |
3.0 |
2.5 |
2.6 |
2.2 |
2.4 |
|
Other Expenses |
28.0 |
22.4 |
16.0 |
17.5 |
17.3 |
|
Operating Profit |
- |
5.0 |
1.3 |
0.7 |
- |
|
Other Income |
0.0 |
0.0 |
0.4 |
0.1 |
0.2 |
|
Interest Paid |
0.2 |
0.1 |
0.1 |
0.2 |
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 |
3.3 |
4.9 |
1.6 |
0.6 |
3.6 |
|
Tax Payable / Credit |
0.0 |
1.3 |
0.4 |
0.2 |
1.1 |
|
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 |
3.3 |
3.6 |
1.2 |
0.4 |
2.5 |
|
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 |
- |
|
Number of Employees |
168 |
146 |
131 |
120 |
110 |
|
Wages |
8.8 |
6.8 |
6.2 |
6.8 |
7.5 |
|
Social Security Costs |
0.8 |
0.7 |
0.7 |
0.8 |
0.9 |
|
Pensions |
0.0 |
- |
- |
0.8 |
0.4 |
|
Other Pension Costs |
0.4 |
0.0 |
0.0 |
1.0 |
0.6 |
|
Employees Remuneration |
10.0 |
7.5 |
7.0 |
8.6 |
9.0 |
|
Directors Emoluments |
1.1 |
- |
- |
1.4 |
2.3 |
|
Other Costs |
0.0 |
- |
- |
0.0 |
0.0 |
|
Directors Remuneration |
1.1 |
3.1 |
0.9 |
2.2 |
2.7 |
|
Highest Paid Director |
0.3 |
1.4 |
0.3 |
1.0 |
1.2 |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
3.5 |
2.3 |
1.4 |
1.6 |
6.5 |
|
Fixtures & Fittings |
0.5 |
0.2 |
0.3 |
0.4 |
0.5 |
|
Plant & Vehicles |
12.6 |
11.7 |
11.0 |
11.0 |
6.3 |
|
Total Tangible Fixed Assets |
16.7 |
14.3 |
12.6 |
13.0 |
13.3 |
|
Intangible Assets |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
16.7 |
14.4 |
12.6 |
13.0 |
13.3 |
|
Stocks |
2.9 |
2.3 |
2.0 |
0.9 |
0.6 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
2.9 |
2.3 |
2.0 |
0.9 |
0.6 |
|
Trade Debtors |
21.8 |
17.4 |
8.5 |
6.5 |
10.9 |
|
Inter-Company Debtors |
- |
- |
- |
0.1 |
- |
|
Other Debtors |
1.8 |
0.5 |
0.7 |
0.8 |
0.3 |
|
Total Debtors |
23.6 |
17.9 |
9.3 |
7.4 |
11.2 |
|
Cash and Equivalents |
1.7 |
2.9 |
2.1 |
2.1 |
0.4 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
28.1 |
23.0 |
13.3 |
10.4 |
12.2 |
|
Total Assets |
44.9 |
37.4 |
25.9 |
23.4 |
25.5 |
|
Trade Creditors |
18.5 |
13.6 |
9.0 |
7.9 |
7.4 |
|
Bank Overdraft |
- |
- |
0.4 |
0.4 |
0.1 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.7 |
0.5 |
0.2 |
0.1 |
0.3 |
|
Total Short Term Loans |
0.5 |
0.5 |
0.0 |
0.1 |
0.1 |
|
Accruals/Deferred Income (Current Liability) |
1.0 |
0.7 |
0.5 |
1.1 |
1.3 |
|
Social Security/VAT |
0.2 |
0.8 |
0.3 |
0.4 |
1.5 |
|
Corporation Tax |
0.2 |
1.5 |
0.4 |
0.0 |
0.7 |
|
Other Current Liabilities |
0.9 |
0.5 |
0.2 |
0.1 |
0.1 |
|
Total Current Liabilities |
22.0 |
18.1 |
11.1 |
10.1 |
11.5 |
|
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 |
|
Total Hire Purchase Loans (Long Term Liability) |
2.0 |
0.9 |
0.3 |
0.2 |
0.5 |
|
Other Long Term Loans |
1.8 |
2.3 |
2.7 |
3.1 |
0.2 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
3.8 |
3.2 |
3.0 |
3.3 |
0.6 |
|
Deferred Taxation |
0.9 |
1.0 |
1.1 |
1.0 |
1.2 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.9 |
1.0 |
1.1 |
1.0 |
1.2 |
|
Issued Capital |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
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 |
18.1 |
15.0 |
10.6 |
9.0 |
12.0 |
|
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 |
18.2 |
15.1 |
10.8 |
9.1 |
12.1 |
|
Net Worth |
18.1 |
15.0 |
10.8 |
9.1 |
12.1 |
Annual Cash Flows
Financials in: USD
(mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
5.6 |
4.3 |
1.5 |
5.4 |
6.1 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
0.1 |
|
Taxation |
-1.5 |
-0.4 |
-0.2 |
-0.7 |
-0.5 |
|
Capital Expenditures |
-3.9 |
-2.4 |
-0.2 |
-6.0 |
-5.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-1.2 |
-0.7 |
-1.0 |
3.6 |
-0.7 |
|
Increase in Cash |
-1.2 |
0.7 |
-0.1 |
2.2 |
-0.2 |
Annual Ratios
Financials in: USD
(mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.28 |
1.27 |
1.20 |
1.04 |
1.06 |
|
Liquidity Ratio |
1.15 |
1.15 |
1.02 |
0.94 |
1.01 |
|
Stock Turnover |
57.79 |
55.25 |
40.46 |
73.41 |
- |
|
Credit Period (Days) |
48.01 |
51.09 |
39.30 |
34.66 |
- |
|
Working Capital by Sales |
3.70% |
3.95% |
2.80% |
0.51% |
- |
|
Trade Credit by Debtors |
0.85 |
0.78 |
1.05 |
1.20 |
0.68 |
|
Return on Capital |
14.41% |
26.10% |
10.44% |
3.93% |
25.56% |
|
Return on Assets |
7.34% |
13.47% |
5.99% |
2.24% |
14.00% |
|
Profit Margin |
1.99% |
4.05% |
1.96% |
0.76% |
- |
|
Return on Shareholders Funds |
18.07% |
33.44% |
14.44% |
5.78% |
29.47% |
|
Borrowing Ratio |
27.34% |
27.99% |
34.11% |
41.96% |
9.92% |
|
Equity Gearing |
40.62% |
40.28% |
41.45% |
38.79% |
47.52% |
|
Debt Gearing |
20.83% |
21.60% |
28.14% |
35.79% |
5.36% |
|
Interest Coverage |
17.43 |
55.27 |
14.29 |
3.40 |
34.31 |
|
Sales by Tangible Assets |
9.95 |
8.71 |
6.28 |
5.29 |
- |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
1.0 |
0.9 |
0.6 |
0.6 |
- |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.3 |
0.3 |
0.2 |
0.2 |
0.2 |
|
Employee Remuneration by Sales |
6.00% |
6.21% |
8.40% |
10.55% |
- |
|
Creditor Days (Cost of Sales Based) |
50.16 |
51.58 |
52.15 |
53.80 |
- |
|
Creditor Days (Sales Based) |
40.66 |
39.89 |
41.28 |
41.75 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.78 |
|
|
1 |
Rs.101.42 |
|
Euro |
1 |
Rs.84.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.