MIRA
INFORM REPORT
|
Report Date : |
10.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
NORTRADE FOODS LTD. |
|
|
|
|
Formerly Known As : |
ALBANFIELD LTD |
|
|
|
|
Registered Office : |
Hawkhurst Station Business Par, Gills Green, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
27.05.1983 |
|
|
|
|
Com. Reg. No.: |
01727161 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Distributor of frozen food products. |
|
|
|
|
No of Employees : |
23 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 details
|
Nortrade Foods Ltd. |
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||
Business Description
Nortrade, otherwise known as the seafood specialist, is a long
established family business which has been supplying top quality frozen seafood
to independent wholesalers and the ethnic markets for nearly 30 years. We have
long term working relationships with the best factories located all over the
world, all of whom are quality assured and have strict quality regimes in
place. This enables only the finest quality product to be imported and
distributed, via our own refrigerated fleet, to customers all over the United
Kingdom and Ireland. Together with the parent company, Auscot Holdings Ltd with
almost 50 years experience, Nortrade has gained the knowledge and expertise
required to be able to satisfy our customers needs, not only with the best
quality and price, but also offering an efficient and reliable customer
service. Our product range consists of over 400 different species, many of
which are clearly identified by our own reputable brands ie, Royal Star, Polar
Star, Thai Star, Asian Star, Blue Sea, Royal Bay, Saigon Star, Minh Phu, GoGo,
Jumping Jack, Vietnamese Seabass, Adrienne, NTF, Minh Han and Indie Star. Our
Commitment We at Nortrade commit to supplying our customers with the finest
quality seafood at the best possible prices, complete with swift deliveries
from our cold store. More and more of our products are recognised by our
specially designed packaging which, together with our reputable brands,
reflects the highly regarded quality of our products. ABOUT US Transport
information Nortrade has their own fleet of refrigerated vehicles consisting of
7.5 ton and 18 ton trucks. The smaller vehicle is used for local deliveries
throughout the South East of England, the larger vehicles are primarily used
for bulk deliveries and those located beyond the local delivery points. An
independent transporter is used for pallet quantities, which can be located in
the UK or Ireland. The vehicles are regularly checked and maintained by fully
authorised companies to ensure the best possible performance is achieved and that
deliveries arrive under the strictest temperature controlled conditions.
NORTRADE Our Products
Industry
|
Industry |
|
|
ANZSIC 2006: |
|
|
ISIC Rev 4: |
|
|
NACE Rev 2: |
4638
- Wholesale of other food, including fish, crustaceans and molluscs |
|
NAICS 2012: |
|
|
UK SIC 2007: |
4638
- Wholesale of other food, including fish, crustaceans and molluscs |
|
US SIC 1987: |
Key Executives
|
Name |
Title |
|
John Gordon Greig |
Managing Director, Director |
|
Jacqueline Anne Greig |
Director, Secretary |
|
Robert Willis Greig |
Director |
Financial Summary
|
FYE: 31-Dec-2012 |
USD (mil) |
|
|
|
|
Key Figures |
|
|
Current Assets |
21.29 |
|
Fixed Assets |
0.70 |
|
Total Liabilities |
15.14 |
|
Net Worth |
4.31 |
|
Key Ratios |
|
|
Current Ratio |
1.41 |
|
Acid Test |
0.66 |
|
Debt Gearing |
56.20 |
Key IDSM
Number
42293996
Registered No.(UK)
01727161
Parent Registered No.(UK)
01169549
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP
0.6311738
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP
0.6190609
|
|
|
|
|
||||||||||||||||||||||||||||||||||
|
ANZSIC 2006 Codes: |
||
|
360 |
- |
Grocery, Liquor and Tobacco Product
Wholesaling |
|
ISIC Rev 4 Codes: |
||
|
4630 |
- |
Wholesale of food, beverages and tobacco |
|
NACE Rev 2 Codes: |
||
|
4638 |
- |
Wholesale of other food, including fish,
crustaceans and molluscs |
|
NAICS 2012 Codes: |
||
|
424460 |
- |
Fish and Seafood Merchant Wholesalers |
|
US SIC 1987: |
||
|
514 |
- |
Groceries and Related Products |
|
UK SIC 2007: |
||
|
4638 |
- |
Wholesale of other food, including fish,
crustaceans and molluscs |
Distribution of frozen food products.
More Business Descriptions
Distribution of frozen food products.
Frozen Foods (Wholesale)
Nortrade, otherwise known as the seafood specialist, is a long
established family business which has been supplying top quality frozen seafood
to independent wholesalers and the ethnic markets for nearly 30 years. We have
long term working relationships with the best factories located all over the
world, all of whom are quality assured and have strict quality regimes in
place. This enables only the finest quality product to be imported and
distributed, via our own refrigerated fleet, to customers all over the United
Kingdom and Ireland. Together with the parent company, Auscot Holdings Ltd with
almost 50 years experience, Nortrade has gained the knowledge and expertise
required to be able to satisfy our customers needs, not only with the best
quality and price, but also offering an efficient and reliable customer
service. Our product range consists of over 400 different species, many of
which are clearly identified by our own reputable brands ie, Royal Star, Polar
Star, Thai Star, Asian Star, Blue Sea, Royal Bay, Saigon Star, Minh Phu, GoGo,
Jumping Jack, Vietnamese Seabass, Adrienne, NTF, Minh Han and Indie Star. Our
Commitment We at Nortrade commit to supplying our customers with the finest
quality seafood at the best possible prices, complete with swift deliveries
from our cold store. More and more of our products are recognised by our
specially designed packaging which, together with our reputable brands,
reflects the highly regarded quality of our products. ABOUT US Transport information
Nortrade has their own fleet of refrigerated vehicles consisting of 7.5 ton and
18 ton trucks. The smaller vehicle is used for local deliveries throughout the
South East of England, the larger vehicles are primarily used for bulk
deliveries and those located beyond the local delivery points. An independent
transporter is used for pallet quantities, which can be located in the UK or
Ireland. The vehicles are regularly checked and maintained by fully authorised
companies to ensure the best possible performance is achieved and that
deliveries arrive under the strictest temperature controlled conditions.
NORTRADE Our Products
|
|
|
uditor: |
Brebners |
|
Bank: |
The Royal Bank Of Scotland PLC |
|
|
|
|
Auditor: |
Brebners, Brebners |
|
|
|
|
Auditor History |
|
|
Brebners |
31-Dec-2012 |
|
Brebners |
31-Dec-2011 |
|
Brebners |
31-Dec-2010 |
|
Brebners |
31-Dec-2009 |
|
Brebners |
31-Dec-2008 |
|
|
|
|
|
GBP(mil) |
|
Audit Fees: |
0.0 |
|
Non Audit Fees: |
0.0 |
|
Audit Fiscal Year: |
12-31-2012 |
Corporate
Family
|
Corporate Structure News: |
|
Nortrade Foods Ltd. |
|
|
|
|
|
|
|
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Cranbrook |
United Kingdom |
Miscellaneous Professional Services |
49.7 |
29 |
|
|
Subsidiary |
Cranbrook |
United Kingdom |
Grocery Wholesale |
49.7 |
23 |
|
|
Subsidiary |
Cranbrook |
United Kingdom |
Miscellaneous Professional Services |
0.0 |
|
|
|
Subsidiary |
Cranbrook |
United Kingdom |
Miscellaneous Professional Services |
0.0 |
|
|
|
Subsidiary |
Cranbrook |
United Kingdom |
Miscellaneous Professional Services |
|
|
Executives Report
Board of Directors
|
|
|
|
||||
|
Managing Director, Director |
Director/Board Member |
. |
||||
|
|||||||
|
Director, Secretary |
Director/Board Member |
. |
|
|||
|
|||||||
|
Director |
Director/Board Member |
|
|
|||
|
|||||||
Executives
|
|
|
|
||||
|
Managing Director, Director |
Managing Director |
|
||||
|
|||||||
|
Director, Secretary |
Company Secretary |
|
|
|||
|
|||||||
Directors
and Shareholders Report
|
Main Office Address: |
Tel: 01580752878 |
Annual Return Date: 31 Oct 2013 |
|
Individual Directors |
|
|||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
Current |
17 Dec 1976 |
Cranbrook Road Gills Green, |
01 Jan 2007 |
NA |
Current:2 |
|
|
Current |
15 Feb 1957 |
Southering, Bugsell Mill Lane, |
31 Oct 1991 |
NA |
Current:5 |
|
|
Current |
04 Jun 1956 |
Cranbrook Road Gills Green, |
31 Oct 1991 |
NA |
Current:8 |
|
|
Previous |
16 Jun 1915 |
Avon House 2 Garden Road, |
31 Oct 1991 |
30 Sep 1998 |
Current:0 |
|
|
Previous |
29 Apr 1955 |
Longleys Cottage 2 Rye Road, Sandhurst, |
01 Jan 1998 |
25 Oct 2005 |
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 |
04 Jun 1956 |
Cranbrook Road Gills Green, |
31 Oct 1991 |
NA |
Current:8 |
|
|
|
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 |
|
John Gordon Greig |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
0.03 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|||||||
|
Company Name |
Registration
Number |
Share Details |
Share Type |
# of Shares |
Share Price
(GBP) |
Share Value
(GBP) |
% of Total
Shares |
|
02145699 |
2999 Ordinary GBP 1.00 |
Ordinary |
2,999 |
1.00 |
2,999.00 |
99.97 |
|
Annual
Profit & Loss
|
Financials in:
USD (mil) |
|
|
Except for share
items (millions) and per share items (actual units) |
|
|
|
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) |
42.7 |
49.0 |
42.8 |
37.3 |
- |
|
Turnover (Exports) |
6.9 |
6.6 |
5.2 |
5.3 |
- |
|
Total Turnover |
49.7 |
55.6 |
48.0 |
42.6 |
- |
|
Cost of Sales |
45.8 |
51.1 |
43.8 |
38.5 |
- |
|
Gross Profit |
3.9 |
4.5 |
4.2 |
4.1 |
3.4 |
|
Depreciation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Expenses |
3.2 |
3.2 |
2.9 |
2.3 |
2.8 |
|
Operating Profit |
- |
- |
- |
- |
0.6 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.2 |
0.2 |
0.2 |
0.1 |
0.3 |
|
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 |
0.5 |
1.1 |
1.1 |
1.7 |
0.3 |
|
Tax Payable / Credit |
0.1 |
0.3 |
0.3 |
0.5 |
0.1 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.2 |
0.8 |
0.3 |
0.4 |
|
Profit After Taxes |
0.4 |
0.6 |
0.0 |
0.8 |
-0.2 |
|
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 |
- |
- |
- |
|
Number of Employees |
23 |
23 |
20 |
20 |
19 |
|
Wages |
1.0 |
0.9 |
0.8 |
0.7 |
0.8 |
|
Social Security Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Employees Remuneration |
1.1 |
1.0 |
0.8 |
0.8 |
0.8 |
|
Directors Emoluments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Highest Paid Director |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.7 |
0.7 |
0.8 |
0.9 |
0.8 |
|
Total Tangible Fixed Assets |
0.7 |
0.7 |
0.8 |
0.9 |
0.8 |
|
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 |
0.7 |
0.7 |
0.8 |
0.9 |
0.8 |
|
Stocks |
11.3 |
12.9 |
- |
7.5 |
3.8 |
|
Work in Progress |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
11.3 |
12.9 |
9.6 |
7.5 |
3.8 |
|
Trade Debtors |
8.3 |
8.8 |
8.3 |
7.4 |
5.2 |
|
Other Debtors |
0.6 |
0.6 |
0.4 |
0.2 |
0.2 |
|
Total Debtors |
8.8 |
9.4 |
8.7 |
7.7 |
5.4 |
|
Cash and Equivalents |
1.1 |
1.1 |
1.7 |
1.9 |
1.7 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
21.3 |
23.4 |
20.1 |
17.0 |
10.9 |
|
Total Assets |
22.0 |
24.1 |
20.9 |
17.8 |
11.7 |
|
Trade Creditors |
6.9 |
8.0 |
6.7 |
5.1 |
3.5 |
|
Bank Overdraft |
7.2 |
8.7 |
7.0 |
6.1 |
3.7 |
|
Inter-Company Creditors |
0.6 |
0.6 |
3.3 |
2.6 |
2.1 |
|
Accruals/Deferred Income (Current Liability) |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Social Security/VAT |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Corporation Tax |
0.1 |
0.3 |
0.3 |
0.5 |
0.0 |
|
Other Current Liabilities |
0.1 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Total Current Liabilities |
15.1 |
17.9 |
17.5 |
14.4 |
9.5 |
|
Group Loans (Long Term Liability) |
2.4 |
2.3 |
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 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
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 |
2.4 |
2.3 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
|
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 |
4.3 |
3.8 |
3.2 |
3.2 |
2.1 |
|
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 |
4.3 |
3.8 |
3.2 |
3.2 |
2.1 |
|
Net Worth |
4.3 |
3.8 |
3.2 |
3.2 |
2.1 |
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 |
- |
- |
0.3 |
-1.5 |
1.1 |
|
Net Cash Flow from ROI and Servicing of Finance |
- |
- |
-0.2 |
-0.1 |
-0.3 |
|
Taxation |
- |
- |
-0.5 |
0.0 |
0.0 |
|
Capital Expenditures |
- |
- |
0.0 |
0.0 |
-0.1 |
|
Acquisitions and Disposals |
- |
- |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
- |
- |
-0.8 |
-0.3 |
-0.4 |
|
Management of Liquid Resources |
- |
- |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
- |
- |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
- |
- |
-1.1 |
-2.0 |
0.3 |
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 |
1.41 |
1.31 |
1.14 |
1.17 |
1.14 |
|
Liquidity Ratio |
0.66 |
0.59 |
0.59 |
0.66 |
0.75 |
|
Stock Turnover |
4.46 |
4.17 |
5.05 |
5.92 |
- |
|
Credit Period (Days) |
59.50 |
59.85 |
62.23 |
61.62 |
- |
|
Working Capital by Sales |
12.16% |
10.23% |
5.20% |
5.71% |
- |
|
Trade Credit by Debtors |
0.84 |
0.91 |
0.81 |
0.68 |
0.67 |
|
Return on Capital |
7.45% |
16.90% |
33.85% |
50.43% |
9.55% |
|
Return on Assets |
2.32% |
4.38% |
5.41% |
9.61% |
1.80% |
|
Profit Margin |
1.01% |
1.96% |
2.32% |
3.89% |
- |
|
Return on Shareholders Funds |
11.86% |
27.93% |
35.45% |
52.79% |
9.98% |
|
Borrowing Ratio |
238.17% |
308.03% |
324.32% |
267.53% |
274.77% |
|
Equity Gearing |
19.61% |
15.68% |
15.25% |
18.21% |
18.07% |
|
Debt Gearing |
56.20% |
61.65% |
- |
- |
- |
|
Interest Coverage |
2.40 |
5.00 |
6.99 |
11.79 |
0.85 |
|
Sales by Tangible Assets |
7,209.00 |
7,334.00 |
6,092.00 |
5,020.00 |
- |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Sales per Employee |
2.2 |
2.3 |
2.4 |
2.2 |
- |
|
Capital Employed per Employee |
0.3 |
0.3 |
0.2 |
0.2 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
1.0 |
1.0 |
1.0 |
0.9 |
0.6 |
|
Employee Remuneration by Sales |
2.16% |
1.76% |
1.76% |
1.87% |
- |
|
Creditor Days (Cost of Sales Based) |
54.22 |
59.01 |
55.25 |
46.34 |
- |
|
Creditor Days (Sales Based) |
50.00 |
54.20 |
50.43 |
41.88 |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.31 |
|
|
1 |
Rs. 101.77 |
|
Euro |
1 |
Rs. 84.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.