MIRA
INFORM REPORT
|
Report Date : |
08.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
CLARK-DRAIN LTD. |
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|
Formerly Known
as: |
Clarksteel Ltd |
|
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|
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Registered Office : |
Station Road
Yaxley Peterborough, PE7 3EG |
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Country : |
United Kingdom |
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|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
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Date of Incorporation : |
02.11.1978 |
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Com. Reg. No.: |
01397422 |
|
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Legal Form : |
Private Subsidiary |
|
|
|
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Line of Business : |
·
supplier
of drainage products to drainage and construction industries ·
Subject
also offers steel fabrications and steel access covers and frames ·
Subject
provides linear drainage solutions used in domestic patios, motorways and
lorry parks |
|
|
|
|
No. of Employees : |
148 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
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
Clark-Drain Ltd.
Station Works
Broadway
Yaxley
Peterborough, PE7 3EQ
United Kingdom
Tel:
01733765317
Fax:
01733246923
Web; www.clark-drain.com
Synthesis
Employees:
148
Company Type:
Private Subsidiary
Corporate Family: 5
Companies
Ultimate Parent: Clarksteel Holdings Ltd.
Quoted Status: Non-quoted
Company
Incorporation
Date: 02-Nov-1978
Auditor: Streets Audit
LLP
Financials in: USD (Millions)
Fiscal Year End: 31-Dec-2011
Reporting
Currency: British Pound Sterling
Annual Sales: 29.9 1
Net Income: 0.2
Total Assets: 12.3
Business
Description
Clark-Drain Ltd.
is a supplier of drainage products to drainage and construction industries. The
company’s product portfolio includes steel, ductile iron, polymer concrete
and thermoplastic materials. It also offers steel fabrications and steel access
covers and frames. In addition, the company provides linear drainage solutions
used in domestic patios, motorways and lorry parks. It offers a range of
manhole and inspection covers. The company supplies an extensive range of
thermoplastic products. Its client base includes local authorities and utility
and telecommunication sectors. (Updated by OneSource Information Services)
Industry
Industry
Miscellaneous Chemical Manufacturing
ANZSIC 2006: 1899 - Other Basic Chemical Product
Manufacturing Not Elsewhere Classified
ISIC Rev 4: 2029 - Manufacture of other chemical
products n.e.c.
NACE Rev 2: 2059 - Manufacture of other chemical
products n.e.c.
NAICS 2012:
325998 - All Other Miscellaneous Chemical Product and Preparation Manufacturing
UK SIC 2007:
2059 - Manufacture of other chemical products n.e.c.
US SIC 1987:
2899 - Chemicals and Chemical Preparations, Not Elsewhere Classified
Key
Executives
|
Name |
Title |
|
Dean Johnson |
Finance Manager |
|
Mark Reith |
IT Manager |
|
Jeremy Nesbitt |
Purchaser |
|
Ronald Francis Clark |
Director |
|
Dorothy May Clark |
Director |
Financial Summary
|
||||||||||||||||||||||
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
Station Works
Broadway
Yaxley
Peterborough, PE7
3EQ
Cambridgeshire
County
United Kingdom
Tel: 01733765317
Fax: 01733246923
Web: www.clark-drain.com
Sales GBP(mil): 18.6
Assets GBP(mil): 7.9
Employees: 148
Fiscal Year End: 31-Dec-2011
Industry: Chemical
Manufacturing
Registered Address:
Station Road
Yaxley
Peterborough, PE7
3EG
United Kingdom
Incorporation
Date: 02-Nov-1978
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Previous Name: Clarksteel
Ltd.
Registered
No.(UK): 01397422
Director: Rachel
Ellen Stuffins
Industry Codes
ANZSIC 2006
Codes:
1899 - Other
Basic Chemical Product Manufacturing Not Elsewhere Classified
ISIC Rev 4 Codes:
2029 - Manufacture
of other chemical products n.e.c.
NACE Rev 2 Codes:
2059 - Manufacture
of other chemical products n.e.c.
NAICS 2012 Codes:
325998 - All
Other Miscellaneous Chemical Product and Preparation Manufacturing
US SIC 1987:
2899 - Chemicals
and Chemical Preparations, Not Elsewhere Classified
UK SIC 2007:
2059 - Manufacture of other chemical products
n.e.c.
Business Description
Clark-Drain Ltd.
is a supplier of drainage products to drainage and construction industries. The
company’s product portfolio includes steel, ductile iron, polymer concrete
and thermoplastic materials. It also offers steel fabrications and steel access
covers and frames. In addition, the company provides linear drainage solutions
used in domestic patios, motorways and lorry parks. It offers a range of
manhole and inspection covers. The company supplies an extensive range of
thermoplastic products. Its client base includes local authorities and utility
and telecommunication sectors. (Updated by OneSource Information Services)
More Business Descriptions
Blast furnaces
and steel mills
Clark-Drain was
formerly known as Clarksteel Ltd, we were founded in 1963 by Francis Clark and
his wife Dorothy who were looking to buy a manhole cover. At that time they were
quoted a 12 to 18 month delivery time! So instead of waiting, they set about
making a cover by themselves. In fact, that first cover set new industry
standards as it was made from steel rather than the usual cast iron. Francis
sadly passed away in 1998, but family members continue to play key roles in the
business and Dorothy still remains actively involved. At Clark-Drain we
continue to invest in our technology and people here in the UK and worldwide as
both our national and international business continues to expand. Even though
we have become much larger we still retain our traditional values - meeting our
customer needs by being highly innovative, not compromising on quality and
being focused on giving customers the best possible service All work is carried
out under a BS EN ISO9001:2008 Quality Management System (Certificate No. FM
86830) and the whole team is committed to the principles of Total Quality
Management. Company Highlights 1963 - Clark and Son formed 1965 - Company
reformed as Clarksteel Ltd 1965 - Set new industry standards with the
development of first steel cover as an alternative to cast iron 1978 - Started
exporting first steel covers to Singapore and Indonesia 1981- One of the first
drainage suppliers to replace Durbar plate with a 'self-manufactured' embossed
pressed steel cover 1986 - Introduced plastic product range with easy form
corners for increased strength in covers 1995 - First to make tooling and
patterns in-house for pressing own recessed pavior 1998 - Clarksteel Ltd rebrands
as Clark-Drain Ltd to reflect its growing portfolio of traditional and
specialist drainage products 1999 - State-of-the-art robotic manufacturing
process first introduced onto the shop floor for welding steel lids and covers,
increasing productivity and precision workmanship 2003 - Use of robotic
technologies extended to incorporate 'own-design' plastic frames with steel
covers 2012 - Began same day despatch service offering delivery times of 2 to 3
working days 2012 - Developed polypropylene linear channel product for rail
platform installations which takes 25% less time to install than traditional
products
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Corporate Family |
Corporate
Structure News: |
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Clarksteel
Holdings Ltd. |
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Clark-Drain Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Peterborough |
United Kingdom |
Metal Products Manufacturing |
31.1 |
151 |
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Miscellaneous Chemical Manufacturing |
29.9 |
148 |
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Miscellaneous Professional Services |
|
125 |
|
|
|
Subsidiary |
Peterborough |
United Kingdom |
Miscellaneous Professional Services |
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Subsidiary |
Peterborough |
United Kingdom |
Metal Products Manufacturing |
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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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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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Finance Manager |
Finance Executive |
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IT Manager |
Information Executive |
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Purchaser |
Purchasing Executive |
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Directors
and Shareholders Report
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Main Office
Address: |
Tel: 01733765317 |
Annual Return Date: 20 Sep 2012 |
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Individual Directors |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
18 Mar 1960 |
4 Herne Road, Ramsey St Marys, |
20 Sep 1992 |
NA |
Current:4 |
|
|
|
Current |
11 Oct 1925 |
293 Broadway, Yaxley, |
20 Sep 1992 |
NA |
Current:5 |
|
|
|
Current |
16 Dec 1949 |
24 Svenskaby, Orton Wistow, |
20 Sep 1992 |
NA |
Current:7 |
|
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|
Current |
12 Aug 1982 |
1 Violet Way, Yaxley, |
23 Jul 2007 |
NA |
Current:1 |
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Current |
15 Jun 1973 |
5 Tarrant, Werrington, |
23 Jul 2007 |
NA |
Current:1 |
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Current |
08 Jun 1976 |
175 Uldale Way, |
23 Jul 2007 |
NA |
Current:1 |
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Current |
21 Oct 1972 |
5 Tarrant, Werrington, |
01 Oct 2010 |
NA |
Current:1 |
|
|
|
Previous |
07 Mar 1951 |
Quay Cottage, 3 Brigett West Whittlesey, |
01 Jan 1999 |
06 Jun 2006 |
Current:0 |
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|
Previous |
18 Jun 1954 |
53 Manor Way, Deeping St James, |
22 Sep 2008 |
21 Jan 2012 |
Current:2 |
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|
Previous |
14 Feb 1948 |
5 Cock Close Road, Yaxley, |
20 Sep 1992 |
01 Jan 1997 |
Current:0 |
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Previous |
15 Sep 1927 |
293 Broadway, Yaxley, |
20 Sep 1992 |
16 Mar 1998 |
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 |
|
|
|
Previous |
11 Oct 1925 |
293 Broadway, Yaxley, |
20 Sep 1992 |
10 Mar 2005 |
Current:5 |
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||
|
Previous |
16 Dec 1949 |
24 Svenskaby, Orton Wistow, |
10 Mar 2005 |
25 Aug 2010 |
Current:7 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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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 |
|
|
|
|
|
|
|
|
Total Turnover |
29.9 |
26.2 |
29.3 |
- |
- |
|
Cost of Sales |
19.0 |
16.0 |
18.1 |
- |
- |
|
Gross Profit |
10.9 |
10.2 |
11.1 |
14.3 |
16.8 |
|
Depreciation |
1.3 |
1.1 |
1.2 |
1.4 |
1.5 |
|
Other Expenses |
10.5 |
9.5 |
10.1 |
13.1 |
14.3 |
|
Operating Profit |
0.4 |
- |
1.1 |
- |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.2 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Exceptional Income |
0.0 |
-0.6 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
0.2 |
0.1 |
1.0 |
1.0 |
2.5 |
|
Tax Payable / Credit |
0.0 |
0.1 |
0.3 |
0.3 |
0.8 |
|
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 |
0.2 |
0.0 |
0.7 |
0.8 |
1.7 |
|
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 |
- |
- |
|
Number of Employees |
148 |
154 |
160 |
170 |
171 |
|
Wages |
5.6 |
5.5 |
5.6 |
7.1 |
7.8 |
|
Social Security Costs |
0.6 |
0.5 |
0.5 |
0.7 |
0.7 |
|
Pensions |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
|
Other Pension Costs |
0.2 |
0.2 |
0.2 |
0.3 |
0.3 |
|
Employees Remuneration |
6.4 |
6.2 |
6.3 |
8.1 |
8.8 |
|
Directors Emoluments |
- |
- |
- |
1.0 |
1.5 |
|
Other Costs |
1.0 |
1.0 |
1.0 |
0.0 |
0.0 |
|
Directors Remuneration |
1.2 |
1.1 |
1.1 |
1.2 |
1.7 |
|
Highest Paid Director |
0.3 |
0.2 |
0.3 |
0.3 |
0.5 |
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 |
0.4 |
0.4 |
0.2 |
0.2 |
0.2 |
|
Fixtures & Fittings |
0.2 |
0.2 |
0.2 |
0.1 |
0.1 |
|
Plant & Vehicles |
2.1 |
2.7 |
3.0 |
3.2 |
4.2 |
|
Total Tangible Fixed Assets |
2.6 |
3.3 |
3.4 |
3.4 |
4.5 |
|
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 |
2.6 |
3.3 |
3.4 |
3.4 |
4.5 |
|
Stocks |
3.3 |
4.2 |
1.9 |
2.7 |
2.2 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Total Stocks Work In Progress |
3.3 |
4.2 |
1.9 |
2.7 |
2.3 |
|
Trade Debtors |
5.8 |
4.8 |
6.0 |
4.7 |
6.4 |
|
Inter-Company Debtors |
0.2 |
- |
- |
- |
- |
|
Director Loans |
0.0 |
- |
0.0 |
- |
- |
|
Other Debtors |
0.4 |
0.6 |
0.2 |
0.2 |
0.7 |
|
Total Debtors |
6.4 |
5.4 |
6.2 |
4.9 |
7.1 |
|
Cash and Equivalents |
0.1 |
0.1 |
0.3 |
0.3 |
1.1 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
9.7 |
9.7 |
8.4 |
7.9 |
10.6 |
|
Total Assets |
12.3 |
13.0 |
11.8 |
11.3 |
15.1 |
|
Trade Creditors |
2.0 |
2.1 |
1.9 |
1.6 |
3.0 |
|
Bank Overdraft |
1.0 |
2.4 |
0.6 |
1.3 |
1.6 |
|
Inter-Company Creditors |
0.4 |
0.6 |
0.3 |
0.6 |
0.1 |
|
Hire Purchase (Current Liability) |
0.3 |
0.4 |
0.5 |
0.5 |
0.6 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.3 |
0.4 |
0.5 |
0.5 |
0.6 |
|
Total Short Term Loans |
- |
0.0 |
- |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
1.7 |
1.1 |
1.0 |
0.8 |
1.9 |
|
Social Security/VAT |
0.6 |
0.2 |
0.5 |
0.5 |
0.5 |
|
Corporation Tax |
0.2 |
0.1 |
0.4 |
0.3 |
0.4 |
|
Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Total Current Liabilities |
6.1 |
6.9 |
5.2 |
5.8 |
8.1 |
|
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) |
0.3 |
0.2 |
0.5 |
0.5 |
0.6 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.3 |
0.2 |
0.5 |
0.5 |
0.6 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.1 |
0.2 |
0.4 |
|
Accruals/Deferred Income (Long Term Liability) |
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 |
0.3 |
0.2 |
0.6 |
0.6 |
1.0 |
|
Deferred Taxation |
0.0 |
0.1 |
0.1 |
0.2 |
0.5 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.1 |
0.1 |
0.2 |
0.5 |
|
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 |
5.9 |
5.8 |
5.9 |
4.6 |
5.5 |
|
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 |
5.9 |
5.8 |
5.9 |
4.6 |
5.5 |
|
Net Worth |
5.9 |
5.8 |
5.9 |
4.6 |
5.5 |
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 |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
2.4 |
-0.1 |
2.3 |
1.1 |
3.4 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Taxation |
-0.1 |
-0.4 |
-0.3 |
-0.4 |
-0.7 |
|
Capital Expenditures |
-0.6 |
-1.1 |
-0.8 |
-1.6 |
-1.3 |
|
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 |
-0.1 |
-0.5 |
-0.3 |
0.1 |
0.3 |
|
Increase in Cash |
1.4 |
-2.1 |
0.8 |
-0.8 |
1.5 |
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 |
1.59 |
1.40 |
1.63 |
1.36 |
1.31 |
|
Liquidity Ratio |
1.06 |
0.79 |
1.26 |
0.89 |
1.02 |
|
Stock Turnover |
887.00 |
628.00 |
1,610.00 |
- |
- |
|
Credit Period (Days) |
7,317.00 |
6,599.00 |
7,222.00 |
- |
- |
|
Working Capital by Sales |
1,245.00% |
1,051.00% |
1,073.00% |
- |
- |
|
Trade Credit by Debtors |
34.00 |
43.00 |
31.00 |
35.00 |
46.00 |
|
Return on Capital |
389.00% |
122.00% |
1,510.00% |
1,498.00% |
3,561.00% |
|
Return on Assets |
196.00% |
57.00% |
848.00% |
728.00% |
1,650.00% |
|
Profit Margin |
83.00% |
28.00% |
331.00% |
- |
- |
|
Return on Shareholders Funds |
409.00% |
128.00% |
1,697.00% |
1,786.00% |
4,502.00% |
|
Borrowing Ratio |
3,365.00% |
6,387.00% |
3,312.00% |
6,855.00% |
5,887.00% |
|
Equity Gearing |
4,794.00% |
4,432.00% |
4,996.00% |
4,079.00% |
3,664.00% |
|
Debt Gearing |
5.09% |
3.73% |
10.20% |
14.03% |
17.52% |
|
Interest Coverage |
144.00 |
99.00 |
920.00 |
648.00 |
2,073.00 |
|
Sales by Tangible Assets |
1,112.00 |
809.00 |
892.00 |
- |
- |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.2 |
0.2 |
0.2 |
- |
- |
|
Capital Employed per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
2,143.00% |
2,353.00% |
2,165.00% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
3,935.00 |
4,645.00 |
3,642.00 |
- |
- |
|
Creditor Days (Sales Based) |
2,501.00 |
2,832.00 |
2,255.00 |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.78 |
|
UK Pound |
1 |
Rs.99.06 |
|
Euro |
1 |
Rs.83.84 |
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.