MIRA INFORM REPORT

 

 

Report Date :

24.10.2013

 

IDENTIFICATION DETAILS

 

Name :

BEARMACH LTD.

 

 

Registered Office :

Bearmach House 8 Pantglas Industrial Estate Bedwas Newport, CF83 8GE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

24.04.1958

 

 

Com. Reg. No.:

00603417

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Supplier of land rover parts and accessories.

 

 

No. of Employees :

166

 

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

 

BEARMACH LTD.

 

 

 

Bearmach House

8 Pantglas Industrial Estate

Bedwas

Newport, CF83 8GE

United Kingdom

(Trading Address) 

 

 

Tel:

02920856550

Fax:

c

 

 

 

Employees:

166

Company Type:

Private Subsidiary

Corporate Family:

4 Companies

Ultimate Parent:

Ensco 502 Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

24-Apr-1958

Auditor:

KPMG LLP

 

 

Fiscal Year End:

31-Dec-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

55.7  1

Net Income:

1.9

Total Assets:

34.0

 

 

Business Description     

 

 

Bearmach PLC is an independent supplier of Land Rover parts and accessories in the United Kingdom. It provides a wide range of services, including product guarantees, delivery service, sales analysis and catalogue request to its customers. The company offers various products, such as workshop manuals microfiche, fast-moving summary sheets and catalogues, computer point-of-sale system, computerised workshop job sheets and heavy-duty specialist parts. In addition, Bearmach PLC offers a full- range of accessories available for Land Rover, Range Rover, Discovery and Freelander

 

Industry

     

 

Industry

Motor Vehicle and Parts Dealers

ANZSIC 2006:

3921 - Motor Vehicle Parts Retailing

ISIC Rev 4:

4530 - Sale of motor vehicle parts and accessories

NACE Rev 2:

4532 - Retail trade of motor vehicle parts and accessories

NAICS 2012:

441310 - Automotive Parts and Accessories Stores

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

Nick Murray

UK Sales Manager

Julian John Burgess

Director

Steve Maund

IT Manager

Robert Harry

Purchasing & Technical Manager

Lesley Howorth

Personnel Manager

 

News 

 

 

Title

Date

A-Z of TOP 300 COMPANIES
Western Mail (Wales) (1350 Words)

12-Dec-2012

 

Financial Summary

 

 

FYE: 31-Dec-2011

USD (mil)

Key Figures

 

Current Assets

32.85

Fixed Assets

1.20

Total Liabilities

13.89

Net Worth

20.00

 

Key Ratios

 

Current Ratio

2.37

Acid Test

1.71

Debt Gearing

0.26

 

 

 

 

Key IDSM Number: 42280353

 

Registered No.(UK): 00603417

 

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
Bearmach House
8 Pantglas Industrial Estate
Bedwas
Newport, CF83 8GE
Caerphilly County
United Kingdom

 

Tel:

02920856550

Fax:

02920865586

 

 

Sales GBP(mil):

34.7

Assets GBP(mil):

21.9

Employees:

166

Fiscal Year End:

31-Dec-2011

 

Industry:

Retail (Specialty)

Registered Address:
Unit 8
Pantglas Industrial Estate
Caerphilly, CF83 8GE
United Kingdom

 

Incorporation Date:

24-Apr-1958

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Previous Name:

Bearmach PLC

Registered No.(UK):

00603417

 

Director:

Julian John Burgess

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3921

-

Motor Vehicle Parts Retailing

 

ISIC Rev 4 Codes:

4530

-

Sale of motor vehicle parts and accessories

 

NACE Rev 2 Codes:

4532

-

Retail trade of motor vehicle parts and accessories

 

NAICS 2012 Codes:

441310

-

Automotive Parts and Accessories Stores

 

US SIC 1987:

5531

-

Auto and Home Supply Stores

 

UK SIC 2007:

4532

-

Retail trade of motor vehicle parts and accessories

 

 

Business Description

 

Bearmach PLC is an independent supplier of Land Rover parts and accessories in the United Kingdom. It provides a wide range of services, including product guarantees, delivery service, sales analysis and catalogue request to its customers. The company offers various products, such as workshop manuals microfiche, fast-moving summary sheets and catalogues, computer point-of-sale system, computerised workshop job sheets and heavy-duty specialist parts. In addition, Bearmach PLC offers a full- range of accessories available for Land Rover, Range Rover, Discovery and Freelander

 

 

More Business Descriptions

 

Auto & home supply stores

 

 

Motor Factors

 

Bearmach innovation has led to a programme of product development that would ensure the work horse image of Land Rover is continued into the aftermarket. Bearmach pride themselves on supplying top quality products. PRIDE IN PRESENTATION Bearmach, with its new Corporate image, reflects the synergy with Land Rover and the evolution of the heritage of our brand with a modern innovative approach. Box and packaging are to the highest quality, a reflection on our ethos of quality. COMPETITIVE QUALITY Bearmachs aggressive pricing policy is coupled with a focus on quality, ensuring that owners pay less for genuine, OEM and branded parts. We constantly monitor prices to ensure we continue to offer competitive quality products. INNOVATIVE APPROACH By applying different manufacturing techniques to older parts with inherent faults, Bearmach design for more durability and a longer life span. A CUSTOMER COMMITMENT Bearmach people have a passion for Land Rover and this passion shows itself in everything we do from quality control to final despatch reviews and packaging. INVESTMENT Bearmach is now the worlds largest independent supplier of Land Rover parts and accessories. This growth has been through a focused organic investment strategy, continually enhancing our capability to meet customer needs. 24 Hour dispatch We are able to supply almost any Land Rover part for the UK or European market within 24 hours of receipt of order from our purpose built warehouse facility in South Wales. All orders are subjected to strict quality control procedures and undergo at least four reviews from order to despatch. At Bearmach we have been a dedicated supplier of genuine, OEM and branded accessories for the full range of Land Rover vehicles since 1958. Beginning as a small family founded company we have grown to become one of the UKs largest independent supplier of Land Rover parts and accessories through our continual investment and innovative approach to the market. As the first company to specialise exclusively in Land Rover parts and accessories we have built up stocks of over 10,000 lines many of which are genuine, OEM and branded parts, and our commitment to supplying cost effective, quality spares has contributed to the Land Rover legend of longevity. In 2010 the prestigious Jaguar parts range was added to our portfolio.

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

34.7

Net Income:

1.2

Assets:

21.9

Current Assets:

21.1

 

Fixed Assets:

0.8

 

Long Term Debt:

0.0

 

Total Liabilities:

9.0

 

Issued Capital:

0.5

 

Working Capital:

12.2

 

Net Worth:

12.9

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

6.6%

NA

NA

Description: Z:\web\images\arrows\externalright.gif 

Key Corporate Relationships

Auditor:

KPMG LLP

Bank:

Barclays Bank PLC

 

Auditor:

KPMG LLP

 

Auditor History

KPMG LLP

31-Dec-2011

KPMG LLP

31-Dec-2010

KPMG LLP

31-Dec-2009

KPMG LLP

31-Dec-2008

KPMG LLP

31-Dec-2007

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

12-31-2011

 

 

 

Description: Z:\web\images\arrows\externalright.gif 

 

Corporate Structure News

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Ensco 502 Ltd.

Parent

Caerphilly

United Kingdom

Miscellaneous Professional Services

58.1

180

Bearmach Ltd.

Subsidiary

Newport

United Kingdom

Motor Vehicle and Parts Dealers

55.7

166

Horizon Investments UK Ltd.

Subsidiary

Caerphilly

United Kingdom

Miscellaneous Wholesale

 

 

4X4 Store Exeter Ltd.

Subsidiary

Caerphilly

United Kingdom

Miscellaneous Wholesale

 

 

 

Executives Report

 



 

Board of Directors

 

Name

Title

Function

 

Julian John Burgess

 

Director

Director/Board Member

 

Age: 44

 

David Jackman

 

Director

Director/Board Member

 

 

Age: 52

 

Trevor Middleton

 

Director

Director/Board Member

 

 

Age: 56

 

 

Executives

 

Name

Title

Function

 

Paula Williams

 

Marketing Administrator

Administration Executive

 

Julian John Burgess

 

Director

Company Secretary

 

Age: 44

 

Lesley Howorth

 

Personnel Manager

Human Resources Executive

 

 

Nick Murray

 

UK Sales Manager

Sales Executive

 

 

Steve Maund

 

IT Manager

Information Executive

 

 

Robert Harry

 

Purchasing & Technical Manager

Engineering/Technical Executive

 

 


Directors and Shareholders Report

 

Main Office Address:
Bearmach House
8 Pantglas Industrial Estate
Newport
United Kingdom CF83 8GE

Tel: 02920856550
Fax: 02920865586
URL: http://www.bearmach.com

Annual Return Date: 30 Aug 2012
Total Issued Capital (GBP 000): 500

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

David
Jackman

Current

02 Aug 1961

Bearmach House Unit 8, Pantglas Industrial Estate Bedwas,
Caerphilly, Caerphilly CF83 8GE

26 Apr 2011

NA

Current:5
Previous:0
Disqualifications:0

 

Trevor
Middleton

Current

10 Feb 1957

High House, Old Warwick Road,
Warwick, Warwickshire CV35 7AA

13 Mar 2007

NA

Current:19
Previous:26
Disqualifications:0

 

Julian John
Burgess

Current

25 Apr 1969

Bearmach House Unit 5, Pantglas Industrial Estate,
Caerphilly, Caerphilly CF83 8GE

31 Jul 2008

NA

Current:6
Previous:0
Disqualifications:0

 

Ani
Torosyan

Previous

21 Apr 1947

147 Heol Isaf, Radyr,
Cardiff, Cardiff CF4 8DX

01 Apr 1995

13 Mar 2007

Current:0
Previous:2
Disqualifications:0

 

Hovan Karabet
Torosyan

Previous

09 Jun 1954

Chandos 147 Heol Isaf, Radyr,
Cardiff, Cardiff CF4 8DX

30 Aug 1991

13 Mar 2007

Current:0
Previous:1
Disqualifications:0

 

Peter Ian
Whitehouse

Previous

30 Aug 1960

5 The Courtyard Timothys Bridge Road,
Stratford-Upon-Avon, Warwickshire CV37 9NP

21 May 2007

07 Jan 2011

Current:5
Previous:7
Disqualifications:0

 

Seroj
Shahbazian

Previous

28 May 1956

West Lodge, Court Colman,
Bridgend, Bridgend CF31 4NG

01 Apr 1995

13 Mar 2007

Current:0
Previous:1
Disqualifications:0

 

Marianne
Shahbazian

Previous

15 Jul 1957

West Lodge Court Coleman, Pen-Y-Fai,
Bridgend, Bridgend CF31 4NG

30 Aug 1991

13 Mar 2007

Current:1
Previous:2
Disqualifications: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

 

Julian John
Burgess

Current

NA

Unit 8 Pantglas Industrial Estate, Bedwas,
Caerphilly, Caerphilly CF83 8GE

31 Dec 2009

NA

Current:1
Previous:0
Disqualifications:0

 

Ani
Torosyan

Previous

21 Apr 1947

147 Heol Isaf, Radyr,
Cardiff, Cardiff CF4 8DX

01 Apr 1995

13 Mar 2007

Current:0
Previous:2
Disqualifications:0

 

Trevor
Middleton

Previous

10 Feb 1957

High House, Old Warwick Road,
Warwick, Warwickshire CV35 7AA

13 Mar 2007

13 Mar 2007

Current:19
Previous:26
Disqualifications:0

 

Leszek Richard
Litwinowicz

Previous

23 May 1958

The Corner House 131 Canwell Drive, Canwell,
Sutton Coldfield, West Midlands B75 5SG

13 Mar 2007

31 Dec 2009

Current:15
Previous:29
Disqualifications:0

 

Marianne
Shahbazian

Previous

15 Jul 1957

West Lodge Court Coleman, Pen-Y-Fai,
Bridgend, Bridgend CF31 4NG

30 Aug 1991

01 Apr 1995

Current:1
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Gw Secretaries Limited

Previous

One Eleven Edmund Street,
Birmingham, West Midlands B3 2HJ

13 Mar 2007

31 Dec 2009

 

 

 

 

Individual Shareholders

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Ensco 502 Limited

05771676

500000 Ordinary GBP 1.00

Ordinary

500,000

1.00

500,000.00

100.00

 

 

 

 

News

 

 

A-Z of TOP 300 COMPANIES
Western Mail (Wales) (1350 Words)

12-Dec-2012

 



 

Annual Profit & Loss

 

 

 

 

 

 

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

Yes

 

 

 

 

 

 

Turnover (UK)

-

-

14.8

18.4

24.4

Turnover (Exports)

-

-

31.2

36.9

36.0

Total Turnover

55.7

50.3

46.0

55.3

60.5

Total Expenses

53.4

50.5

44.0

52.2

57.4

Depreciation

0.2

0.2

0.2

0.2

0.0

Operating Profit

2.3

-

-

-

-

Other Income

0.0

2.5

0.1

0.2

1.8

Interest Paid

0.3

0.2

0.2

0.6

0.5

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

2.0

2.1

2.0

2.7

4.3

Tax Payable / Credit

0.1

0.2

0.0

0.3

0.9

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

1.9

1.9

1.9

2.4

3.4

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

0.1

Non Audit Fees

0.0

0.0

-

-

-

Number of Employees

166

159

145

167

169

Wages

5.4

5.1

4.4

5.7

6.3

Social Security Costs

0.4

0.4

0.3

0.5

0.5

Pensions

0.0

0.0

-

-

0.0

Other Pension Costs

0.0

0.0

0.0

0.0

0.0

Employees Remuneration

5.9

5.5

4.8

6.1

6.8

Directors Emoluments

0.4

0.4

-

-

0.3

Other Costs

0.0

0.1

-

-

0.0

Directors Remuneration

0.4

0.5

0.3

0.3

0.3

Highest Paid Director

0.2

0.2

-

0.2

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

Yes

 

 

 

 

 

 

Land & Buildings

0.2

0.1

0.1

0.0

0.0

Fixtures & Fittings

0.0

0.0

0.0

0.0

0.0

Plant & Vehicles

0.9

0.9

0.9

0.8

1.2

Total Tangible Fixed Assets

1.1

1.0

1.0

0.9

1.2

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.1

0.1

0.1

0.1

0.1

Total Fixed Assets

1.2

1.1

1.1

1.0

1.3

Stocks

9.2

10.1

7.8

7.2

11.1

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

9.2

10.1

7.8

7.2

11.1

Trade Debtors

8.6

7.9

7.1

6.9

9.1

Inter-Company Debtors

14.2

12.6

11.3

8.5

8.7

Other Debtors

1.0

1.1

0.6

0.7

1.3

Total Debtors

23.7

21.7

19.0

16.1

19.1

Cash and Equivalents

0.0

0.7

0.3

0.6

1.1

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

32.8

32.5

27.1

23.9

31.3

Total Assets

34.0

33.6

28.2

24.9

32.5

Trade Creditors

6.1

6.0

4.9

3.9

6.2

Bank Overdraft

7.3

7.3

5.5

6.5

8.5

Inter-Company Creditors

-

-

0.0

0.0

0.0

Director Loans (Current Liability)

-

-

0.0

0.0

0.0

Hire Purchase (Current Liability)

0.1

0.1

0.1

0.1

0.1

Finance Lease (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.1

0.1

0.1

0.1

0.1

Total Short Term Loans

-

-

0.0

0.0

0.0

Accruals/Deferred Income (Current Liability)

0.2

0.6

0.6

0.4

0.7

Social Security/VAT

0.1

0.1

0.1

0.1

0.3

Corporation Tax

0.1

0.2

0.0

0.4

0.8

Dividends (Current Liability)

-

-

0.0

0.0

0.0

Other Current Liabilities

0.0

0.9

0.0

0.0

0.0

Total Current Liabilities

13.9

15.1

11.2

11.4

16.6

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.1

0.2

0.2

0.2

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.1

0.2

0.2

0.2

Other Long Term Loans

0.0

0.0

0.0

0.0

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

0.1

0.1

0.2

0.2

0.2

Deferred Taxation

0.1

0.1

0.1

0.1

-

Other Provisions

0.0

0.0

0.0

0.0

0.2

Total Provisions

0.1

0.1

0.1

0.1

0.2

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

19.2

17.5

16.0

12.5

14.6

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

20.0

18.3

16.8

13.2

15.6

Net Worth

20.0

18.3

16.8

13.2

15.6

 




 

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

Yes

 

 

 

 

 

 

 

 

 

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

Yes

 

 

 

 

 

 

Current Ratio

2.37

2.15

2.43

2.10

1.89

Liquidity Ratio

1.71

1.48

1.73

1.46

1.22

Stock Turnover

590.00

505.00

613.00

602.00

543.00

Credit Period (Days)

5,785.00

5,686.00

5,403.00

5,792.00

5,516.00

Working Capital by Sales

3,514.00%

3,405.00%

3,341.00%

2,880.00%

2,443.00%

Trade Credit by Debtors

72.00

76.00

69.00

57.00

69.00

Return on Capital

982.00%

1,170.00%

1,186.00%

1,593.00%

2,710.00%

Return on Assets

582.00%

643.00%

717.00%

862.00%

1,330.00%

Profit Margin

367.00%

424.00%

424.00%

494.00%

719.00%

Return on Shareholders Funds

990.00%

1,184.00%

1,202.00%

1,626.00%

2,768.00%

Borrowing Ratio

3,695.00%

4,083.00%

3,382.00%

5,132.00%

5,588.00%

Equity Gearing

5,875.00%

5,437.00%

5,965.00%

5,303.00%

4,804.00%

Debt Gearing

0.26%

0.58%

0.90%

1.23%

1.07%

Interest Coverage

806.00

1,008.00

1,009.00

455.00

925.00

Sales by Tangible Assets

4,822.00

4,974.00

4,718.00

4,932.00

5,176.00

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

0.4

Capital Employed per Employee

0.1

0.1

0.1

0.1

0.1

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.2

0.2

0.2

0.1

0.2

Employee Remuneration by Sales

1,054.00%

1,087.00%

1,034.00%

1,110.00%

1,124.00%

Creditor Days (Cost of Sales Based)

4,151.00

4,325.00

3,737.00

3,278.00

3,790.00

Creditor Days (Sales Based)

4,151.00

4,325.00

3,737.00

3,278.00

3,790.00

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.53

UK Pound

1

Rs.99.75

Euro

1

Rs.84.75

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.