MIRA INFORM REPORT

Report Date :

30.10.2013

IDENTIFICATION DETAILS

Name :	F.W.B. PRODUCTS LTD.

Registered Office :	Whieldon Road Stoke On Trent, ST4 4JE

Country :	United Kingdom

Financials (as on) :	31.12.2012

Date of Incorporation :	31.08.1982

Com. Reg. No.:	01660947

Legal Form :	Private Subsidiary

Line of Business :	Subject provides janitorial and industrial products. It offers a range of sealants, adhesives, drives and pipe fittings.

No. of Employees :	139

RATING & COMMENTS

MIRA’s Rating :

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 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

United Kingdom

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

F.W.B. PRODUCTS LTD.

Whieldon Road


Stoke On Trent, ST4 4JE
United Kingdom
(Trading Address)


Tel:	01782744333
Fax:	01782744577

Employees:	139
Company Type:	Private Subsidiary
Corporate Family:	9 Companies
Ultimate Parent:	Fwb Holdings Ltd.

Quoted Status:	Non-quoted Company
Incorporation Date:	31-Aug-1982
Auditor:	Kay Johnson Gee


Fiscal Year End:	31-Dec-2012
Reporting Currency:	British Pound Sterling
Annual Sales:	25.9 ¹
Net Income:	0.5
Total Assets:	13.5

Business Description

F.W.B. Products Ltd. is a privately owned business that provides janitorial and industrial products. It offers a range of sealants, adhesives, drives and pipe fittings. The company provides plastering trowels, mowers, dust sheets, plastic dustbins and paint brushes. It offers products to various engineers, manufacturers, and construction and utility companies. The company provides delivery, technical support and quality control services. It offers electrical sockets, switches, fixings and rubber products. The company provides pneumatic controls and hand and power tools. It offers safety footwear and tapes. The company provides a variety of aprons, coats, jackets, hats, caps, shirts, sweatshirts and thermals. In addition, it offers online order placement options to its customers. The company provides products of the Bahco, Dormer, Garryson, Jacobs, Noga, Presto, Rotabroach, Sandvik Coromant, Starrett and Toolmex brands.

Industry

Industry	Miscellaneous Wholesale
ANZSIC 2006:	3739 - Other Goods Wholesaling Not Elsewhere Classified
ISIC Rev 4:	4690 - Non-specialized wholesale trade
NACE Rev 2:	4690 - Non-specialised wholesale trade
NAICS 2012:	423990 - Other Miscellaneous Durable Goods Merchant Wholesalers
UK SIC 2007:	4690 - Non-specialised wholesale trade
US SIC 1987:	5099 - Durable Goods, Not Elsewhere Classified

Key Executives

Name	Title
Dennis Preston	Group Site Services Manager
Paul Meeham	Finance Director
Betty Key	Administrator
Martin Cox	IT Manager
Ruth Briggs	Health & Safety Manager

News

Title	Date
Man to live in see-through box Wharfvalley (337 Words)	4-Oct-2013
Man to live in see-through box - with video Community Channel (334 Words)	4-Oct-2013
fwb Gets Smarter with Launch of New Catalogue App Environmental Data Interactive Exchange (306 Words)	3-Sep-2013
Research and Markets Adds Report: Health and Safety Products Market Report - UK 2013-2017 Analysis Individual.com (370 Words)	22-Jul-2013
Research and Markets: The UK Health and Safety Products Market Worth Approximately 806m by 2017 Reuters (410 Words)	16-Jul-2013
The UK Health and Safety Products Market Worth Approximately GBP 806m by 2017 PredictWallStreet (465 Words)	16-Jul-2013

Financial Summary

FYE: 31-Dec-2012

USD (mil)

Key Figures
Current Assets	13.24
Fixed Assets	0.30
Total Liabilities	6.93
Net Worth	4.11

Key Ratios
Current Ratio	1.91
Acid Test	1.28
Debt Gearing	60.84

Key IDSM Number: 42259841

Registered No.(UK): 01660947

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6311738

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6190609

Corporate Overview

Location
Whieldon Road
Stoke On Trent, ST4 4JE
Staffordshire County
United Kingdom

Tel:	01782744333
Fax:	01782744577

www.fwb.co.uk

Sales GBP(mil):	16.4
Assets GBP(mil):	8.4
Employees:	139
Fiscal Year End:	31-Dec-2012



Industry:	Miscellaneous Capital Goods

Registered Address:
Whieldon Road
Stoke On Trent, ST4 4JE
United Kingdom

Incorporation Date:	31-Aug-1982
Company Type:	Private Subsidiary
Quoted Status:	Not Quoted
Previous Name:	F.W.B. (1982) Ltd.
Registered No.(UK):	01660947


Director:	Anthony John Key

Industry Codes

ANZSIC 2006 Codes:
3739	-	Other Goods Wholesaling Not Elsewhere Classified

ISIC Rev 4 Codes:
4690	-	Non-specialized wholesale trade

NACE Rev 2 Codes:
4690	-	Non-specialised wholesale trade

NAICS 2012 Codes:
423990	-	Other Miscellaneous Durable Goods Merchant Wholesalers

US SIC 1987:
5099	-	Durable Goods, Not Elsewhere Classified

UK SIC 2007:
4690	-	Non-specialised wholesale trade

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Business Description

More Business Descriptions

FWB Products Ltd. is a privately owned company and has been supplying goods to engineers, major manufacturers and many construction and utility companies for more than 40 years. Products include back supports, eye and face protection, fall arrest equipment, first aid, gloves, head protection, hearing protection, respiratory protection, road safety products, safety and hazard signs, safety barriers, skin protection. The company also provides cavity fixings, machine screws, masonry fixings, nails and panel pins, nuts, bolts and washers, rivets, pins, self tap and self drill screws, set screws, socket screws, stainless steel nuts, bolts and washers and woodscrews. FWB Products Ltd. is located in Fenton, Stoke-on-Trent.

Engineers merchants

Engineers Merchants

Financial Data

Financials in:	GBP(mil)

Revenue:	16.4
Net Income:	0.3
Assets:	8.4
Current Assets:	8.2
Fixed Assets:	0.2
Long Term Debt:	1.5
Total Liabilities:	5.8
Issued Capital:	0.6
Working Capital:	3.9
Net Worth:	2.5

Date of Financial Data:	31-Dec-2012

1 Year Growth

-3.4%

Key Corporate Relationships

Auditor:	Kay Johnson Gee

Auditor:	DPC, Kay Johnson Gee

Auditor History
Kay Johnson Gee	31-Dec-2012
Kay Johnson Gee	31-Dec-2011
Dpc	31-Dec-2010
Dpc	31-Dec-2009
Dpc	31-Dec-2008

	GBP(mil)
Audit Fees:	0.0
Audit Fiscal Year:	12-31-2012

Corporate Family	Corporate Structure News:
	Fwb Holdings Ltd. F.W.B. Products Ltd.
F.W.B. Products Ltd. Total Corporate Family Members: 9

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Fwb Holdings Ltd.	Parent	Stoke On Trent	United Kingdom	Miscellaneous Professional Services	26.0	139
F.W.B. Products Ltd.	Subsidiary	Stoke On Trent	United Kingdom	Miscellaneous Wholesale	25.9	139
F.W.B. Cymru Ltd.	Subsidiary	Stoke-On-Trent	United Kingdom	Miscellaneous Professional Services
F.W.B. Withers Ltd.	Subsidiary	Stoke On Trent	United Kingdom	Miscellaneous Professional Services
F.W.B. Peach Ltd.	Subsidiary	Stoke On Trent	United Kingdom	Miscellaneous Professional Services
F.W.B. South West Ltd.	Subsidiary	Stoke On Trent	United Kingdom	Miscellaneous Professional Services
Diviker Ltd.	Subsidiary	Stoke On Trent	United Kingdom	Miscellaneous Professional Services
Fwb Properties Ltd.	Subsidiary	Stoke On Trent	United Kingdom	Residential Real Estate Leasing
Wardburg Ltd.	Subsidiary	Wrexham	United Kingdom	Nonclassifiable Establishments

Executives Report

Board of Directors

Name

Title

Function

Ian Stuart Hodge

Director

Director/Board Member

Age: 57

Anthony John Key

Director

Director/Board Member

Age: 50

Executives

Name

Title

Function

Dennis Preston

Group Site Services Manager

Division Head Executive

Ruth Briggs

Health & Safety Manager

Environment/Safety Executive

Betty Key

Administrator

Administration Executive

Age: 81

Paul Meeham

Finance Director

Finance Executive

Alison Burrows

HR Manager

Human Resources Executive

Martin Cox

IT Manager

Information Executive

Julian Ford

Commercial Manager

Commercial Executive

Directors and Shareholders Report

Main Office Address:
Whieldon Road
Stoke On Trent
United Kingdom ST4 4JE

Tel: 01782744333
Fax: 01782744577
URL: http://www.fwb.co.uk

Annual Return Date: 02 Jan 2013
Total Issued Capital (GBP 000): 584

Individual Directors
Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Anthony John Key	Current	19 Jul 1963	Hollywood Cottage, Uttoxeter Road, Stone, Staffordshire ST15 8RA	31 Dec 1992	NA	Current:13 Previous:0 Disqualifications:0
Betty Key	Current	14 Feb 1932	Whieldon Road, Stoke On Trent, Stoke-On-Trent, Staffordshire ST4 4JE	02 Jan 1991	NA	Current:3 Previous:1 Disqualifications:0
Ian Stuart Hodge	Current	29 Aug 1956	Whieldon Road, Stoke On Trent, Stoke-On-Trent, Staffordshire ST4 4JE	16 Apr 2010	NA	Current:7 Previous:4 Disqualifications:0
Henry John Key	Previous	15 Jun 1929	Larkhill Farm Larkhill Lane, Ashley, Market Drayton, Shropshire TF9 4NW	02 Jan 1991	17 Mar 2003	Current:0 Previous:10 Disqualifications:0
Dennis Cooper	Previous	02 May 1930	Easdale 21 Wulstan Drive, Newcastle, Staffordshire ST5 0RE	02 Jan 1991	28 Apr 1995	Current:0 Previous:1 Disqualifications:0
Christopher Stevenson	Previous	NA	Hillsdown Blythe Bridge Road, Caverswall, Stoke-On-Trent, Staffordshire ST11 9EA	02 Jan 1991	31 Dec 2008	Current:0 Previous:17 Disqualifications:0
Clive Taylor	Previous	21 Dec 1939	468 Werrington Road, Bucknall, Stoke-On-Trent, Staffordshire ST2 9AD	02 Jan 1991	31 Dec 2004	Current:0 Previous:1 Disqualifications:0
Ian Geoffrey Edwards	Previous	NA	9 The Squirrels, Westbury Park Clayton, Newcastle, Staffordshire ST5 4HZ	02 Jan 1991	10 Jul 2008	Current:0 Previous:7 Disqualifications:0
Trevor Michael Jackson	Previous	06 Nov 1943	46 Caverswall Road, Blythe Bridge, Stoke-On-Trent, Staffordshire ST11 9BG	02 Jan 1991	30 Jun 1997	Current:0 Previous:2 Disqualifications:0
Christopher David Hatchell	Previous	05 May 1942	Lyndene Sandbach Road, Thurlwood, Stoke-On-Trent, Staffordshire ST7 3RN	02 Jan 1991	30 Jun 1997	Current:0 Previous:5 Disqualifications:0
Vernon Trevor Charles	Previous	30 Apr 1962	Fieldsway House, Fieldsway, Stone, Staffordshire ST15 0DP	23 Feb 2004	26 Jan 2010	Current:0 Previous:5 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
Christopher Stevenson	Previous	NA	Hillsdown Blythe Bridge Road, Caverswall, Stoke-On-Trent, Staffordshire ST11 9EA	02 Jan 1991	31 Dec 2008	Current:0 Previous:17 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

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
FWB Holdings Ltd	03218876	584444 Ordinary GBP 1.00	Ordinary	584,444	1.00	584,444.00	100.00

News

	Man to live in see-through box Wharfvalley (337 Words)	04-Oct-2013
	Man to live in see-through box - with video Community Channel (334 Words)	04-Oct-2013
	fwb Gets Smarter with Launch of New Catalogue App Environmental Data Interactive Exchange (306 Words)	03-Sep-2013
	Research and Markets Adds Report: Health and Safety Products Market Report - UK 2013-2017 Analysis Individual.com (370 Words)	22-Jul-2013
	Research and Markets: The UK Health and Safety Products Market Worth Approximately 806m by 2017 Reuters (410 Words)	16-Jul-2013
	The UK Health and Safety Products Market Worth Approximately GBP 806m by 2017 PredictWallStreet (465 Words)	16-Jul-2013
	Research & Markets Releases Industrial Products Distribution Report Industrial Distribution (202 Words)	20-Jun-2013
	Research and Markets: General Industrial Products Distribution Market Report - UK 2013-2017 Analysis Reuters (330 Words)	13-Jun-2013
	General Industrial Products Distribution Market Report - UK 2013-2017 Analysis Individual.com (358 Words)	13-Jun-2013
	Health and Safety Products Market Report - UK 2013-2017 Analysis Research and Markets (1822 Words)	15-May-2013
	General Industrial Products Distribution Market Report - UK 2013-2017 Analysis Research and Markets (2167 Words)	08-Feb-2013

Annual Profit & Loss

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.631174	0.623776	0.647573	0.641508	0.545576
Consolidated	No	No	No	No	No

Turnover (UK)	25.9	27.2	-	-	43.2
Turnover (Exports)	0.0	0.0	-	-	0.0
Total Turnover	25.9	27.2	24.8	26.4	43.2
Cost of Sales	18.0	18.8	17.0	17.8	31.3
Gross Profit	7.9	8.4	7.7	8.6	11.8
Depreciation	0.1	0.1	0.2	0.3	0.4
Other Expenses	7.4	7.8	7.4	8.2	11.5
Operating Profit	0.6	0.5	-	-	0.4
Other Income	0.0	0.0	0.0	0.0	0.0
Interest Paid	0.1	0.1	0.1	0.1	0.4
Exceptional Income	0.0	-0.1	0.0	-0.3	-3.2
Discontinued Operations	0.0	0.0	0.0	0.0	-1.1
Profit Before Taxes	0.5	0.3	0.2	0.0	-3.1
Tax Payable / Credit	0.0	0.0	0.0	0.0	-0.1
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	0.5	0.3	0.2	0.0	-3.0
Minority Interests (Profit & Loss)	0.0	0.0	0.0	0.0	0.0
Audit Fees	0.0	0.0	0.0	0.0	0.1
Non Audit Fees	-	-	0.0	0.0	-
Number of Employees	139	150	156	161	264
Wages	-	5.2	5.0	5.1	7.8
Social Security Costs	-	0.0	0.0	0.4	0.7
Other Pension Costs	-	0.1	0.1	0.2	0.2
Employees Remuneration	-	5.3	5.1	5.7	8.7
Directors Remuneration	0.3	0.3	0.2	0.1	0.4
Highest Paid Director	-	-	-	-	0.2

Annual Balance Sheet

Financials in: USD (mil)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.619061	0.643459	0.638712	0.619253	0.695531
Consolidated	No	No	No	No	No

Land & Buildings	0.0	0.0	0.0	0.0	0.0
Fixtures & Fittings	0.1	0.2	0.2	0.1	0.2
Plant & Vehicles	0.2	0.2	0.4	0.6	0.7
Total Tangible Fixed Assets	0.3	0.4	0.6	0.7	0.9
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	0.3	0.4	0.6	0.7	0.9
Stocks	4.4	4.6	4.5	4.6	5.3
Work in Progress	0.0	0.0	0.0	0.0	0.0
Total Stocks Work In Progress	4.4	4.6	4.5	4.6	5.3
Trade Debtors	4.8	4.8	4.4	4.3	5.5
Inter-Company Debtors	1.8	1.7	1.4	1.6	0.6
Director Loans	-	-	-	-	0.0
Other Debtors	2.2	1.8	0.3	0.1	0.4
Total Debtors	8.8	8.3	6.1	6.0	6.5
Cash and Equivalents	0.1	0.1	0.1	0.0	0.0
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	13.2	12.9	10.7	10.6	11.8
Total Assets	13.5	13.3	11.3	11.3	12.7
Trade Creditors	4.2	3.9	3.5	3.4	4.6
Bank Overdraft	0.3	0.8	1.0	3.7	3.1
Inter-Company Creditors	1.9	1.8	0.0	0.0	-
Director Loans (Current Liability)	0.0	0.0	0.0	0.0	-
Hire Purchase (Current Liability)	0.0	0.1	-	-	-
Finance Lease (Current Liability)	0.0	0.0	-	-	-
Total Finance Lease/Hire Purchase (Current Liability)	0.0	0.1	0.1	0.1	0.2
Total Short Term Loans	0.0	0.1	0.2	0.0	0.1
Accruals/Deferred Income (Current Liability)	0.2	0.2	0.3	0.4	1.3
Social Security/VAT	0.4	0.4	0.3	0.7	0.5
Corporation Tax	0.0	0.0	0.0	0.0	0.1
Dividends (Current Liability)	0.0	0.0	0.0	0.0	-
Other Current Liabilities	0.0	0.0	0.0	0.0	0.0
Total Current Liabilities	6.9	7.3	5.4	8.2	9.9
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	-	-	-
Leasing (Long Term Liability)	0.0	0.0	-	-	-
Total Hire Purchase Loans (Long Term Liability)	0.0	0.1	0.1	0.0	0.1
Other Long Term Loans	2.5	2.5	2.6	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	2.5	2.6	2.7	0.0	0.1
Deferred Taxation	0.0	0.0	0.0	0.0	0.0
Other Provisions	0.0	0.0	0.0	0.0	0.0
Total Provisions	0.0	0.0	0.0	0.0	0.0
Issued Capital	0.9	0.9	0.9	0.9	0.8
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	3.1	2.6	2.2	2.1	1.9
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	4.1	3.5	3.2	3.1	2.7
Net Worth	4.1	3.5	3.2	3.1	2.7

Annual Cash Flows

Financials in: USD (mil)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.631174	0.623776	0.647573	0.641508	0.545576
Consolidated	No	No	No	No	No

Net Cash Flow From Operating Activities	0.9	0.6	0.0	0.2	2.3
Net Cash Flow from ROI and Servicing of Finance	-0.1	-0.1	-0.1	-0.1	-0.4
Taxation	0.0	0.0	0.0	0.0	0.0
Capital Expenditures	0.0	0.0	0.0	0.1	0.0
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	-0.2	-0.2	2.7	-0.3	-0.7
Increase in Cash	0.6	0.3	2.6	-0.2	1.2

Annual Ratios

Financials in: USD (mil)

	31-Dec-2012	31-Dec-2011	31-Dec-2010	31-Dec-2009	31-Dec-2008
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.619061	0.643459	0.638712	0.619253	0.695531
Consolidated	No	No	No	No	No

Current Ratio	1.91	1.78	1.98	1.29	1.19
Liquidity Ratio	1.28	1.15	1.14	0.73	0.66
Stock Turnover	605.00	575.00	555.00	589.00	643.00
Credit Period (Days)	6,613.00	6,683.00	6,456.00	5,702.00	5,961.00
Working Capital by Sales	2,387.00%	2,150.00%	2,109.00%	882.00%	567.00%
Trade Credit by Debtors	87.00	82.00	79.00	79.00	83.00
Return on Capital	711.00%	529.00%	366.00%	22.00%	-8,770.00%
Return on Assets	347.00%	241.00%	190.00%	6.00%	-1,934.00%
Profit Margin	178.00%	122.00%	86.00%	2.00%	-725.00%
Return on Shareholders Funds	1,143.00%	916.00%	671.00%	22.00%	-8,959.00%
Borrowing Ratio	11,402.00%	15,095.00%	12,374.00%	12,322.00%	12,545.00%
Equity Gearing	3,035.00%	2,626.00%	2,838.00%	2,721.00%	2,158.00%
Debt Gearing	60.84%	73.23%	82.99%	1.07%	2.15%
Interest Coverage	459.00	289.00	183.00	5.00	-889.00
Sales by Tangible Assets	8,911.00	6,572.00	4,423.00	3,866.00	3,853.00
Average Remuneration per Employee	-	0.0	0.0	0.0	0.0
Profit per Employee	0.0	0.0	0.0	0.0	0.0
Sales per Employee	0.2	0.2	0.2	0.2	0.1
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	0.0
Employee Remuneration by Sales	-	1,948.00%	2,061.00%	2,151.00%	2,012.00%
Creditor Days (Cost of Sales Based)	8,294.00	7,878.00	7,433.00	6,719.00	6,799.00
Creditor Days (Sales Based)	5,757.00	5,453.00	5,112.00	4,528.00	4,934.00

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.46
UK Pound	1	Rs.98.99
Euro	1	Rs.84.72

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.

MIRA INFORM REPORT

Company name and address

Business Description

Industry

Key Executives

News

Financial Summary

Corporate Overview

Executives Report

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Directors and Shareholders Report

News

Annual Profit & Loss

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