MIRA INFORM REPORT
|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
BUHLER SORTEX LTD. |
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Registered Office : |
20 Atlantis Avenue, London, E16 2BF |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
01.05.1947 |
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Com. Reg. No.: |
00434274
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture and distribution of electronic colour sorters and vision
systems, and in the manufacture and installation of cleaning and sorting
machinery, mainly for the food and agricultural industries. |
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No of Employees : |
220 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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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 – 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 |
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High |
B2 |
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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
details
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Buhler Sortex Ltd. |
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Business
Description
|
Manufacture and distribution of electronic colour sorters and vision systems,
and in the manufactureand installation of cleaning and sorting machinery,
mainly for the food and agricultural industries.
Industry
|
Industry |
|
|
ANZSIC 2006: |
2499 - Other Machinery and
Equipment Manufacturing Not Elsewhere Classified |
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ISIC Rev 4: |
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NACE Rev 2: |
2899 - Manufacture of other
special-purpose machinery n.e.c. |
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NAICS 2012: |
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UK SIC 2007: |
2899 - Manufacture of other
special-purpose machinery n.e.c. |
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US SIC 1987: |
3569 - General Industrial Machinery
and Equipment, Not Elsewhere Classified |
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Name |
Title |
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Nigel Howard Wilson |
Director, Secretary |
|
Charith Abeysinghe Gunawardena |
Director |
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Alan Hillary |
Director |
|
Hamid Reza Kefayati |
Director |
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Matthew Ian Kelly |
Director |
News
|
Title |
Date |
|
BizWire Express (664 Words) |
20-Feb-2014 |
|
CarbonLite
invests in BĂ¼hler's SORTEX sorting technology to meet demand for high
quality rPET |
17-Dec-2013 |
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CarbonLite
invests in BĂ¼hler's SORTEX sort... China Plastic and Rubber Journal (560 Words) |
17-Dec-2013 |
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CarbonLite
installs Buhlers sorting technology to increase output Packaging Business Review (22 Words) |
16-Dec-2013 |
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Buhler and
CarbonLite Unite to Meet Need for rPET with SORTEX Sorting Technology. |
14-Dec-2013 |
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//
processing / packaging / plant / equipment / supplies Food Trade Review (2459 Words) |
1-Dec-2013 |
Financial
Summary
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FYE: 31-Dec-2012 |
USD (mil) |
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6311738
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6190609
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ANZSIC 2006 Codes: |
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2499 |
- |
Other Machinery and Equipment
Manufacturing Not Elsewhere Classified |
|
ISIC Rev 4 Codes: |
||
|
2829 |
- |
Manufacture of other special-purpose
machinery |
|
NACE Rev 2 Codes: |
||
|
2899 |
- |
Manufacture of other special-purpose
machinery n.e.c. |
|
NAICS 2012 Codes: |
||
|
333249 |
- |
Other Industrial Machinery Manufacturing |
|
US SIC 1987: |
||
|
3569 |
- |
General Industrial Machinery and
Equipment, Not Elsewhere Classified |
|
UK SIC 2007: |
||
|
2899 |
- |
Manufacture of other special-purpose
machinery n.e.c. |
Business
Description
Manufacture and distribution of electronic colour sorters and vision systems,
and in the manufactureand installation of cleaning and sorting machinery,
mainly for the food and agricultural industries.
More
Business Descriptions
The development and delivery of mechanical sorting solutions to the
global food and non-food processing industries.
Food Processing Equipment and Supplies
|
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Auditor: |
Bourner Bullock |
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Auditor: |
Bourner Bullock, Bourner Bullock |
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Auditor
History |
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Bourner Bullock |
31-Dec-2012 |
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Bourner Bullock |
31-Dec-2011 |
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Bourner Bullock |
31-Dec-2010 |
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Bourner Bullock |
31-Dec-2009 |
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Bourner Bullock |
31-Dec-2008 |
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GBP(mil) |
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Audit
Fees: |
0.1 |
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Non
Audit Fees: |
0.0 |
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Audit
Fiscal Year: |
12-31-2012 |
Corporate Family
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Corporate Structure News: |
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Buhler Sortex Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Uzwil |
Switzerland |
Machinery and Equipment Manufacturing |
2,479.2 |
7,500 |
|
|
Subsidiary |
Braunschweig, Niedersachsen |
Germany |
Machinery and Equipment Manufacturing |
189.8 |
640 |
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
153.9 |
310 |
|
|
Subsidiary |
London |
United Kingdom |
Residential Real Estate Leasing |
1.2 |
175 |
|
|
Subsidiary |
Peterborough |
United Kingdom |
Computer System Design Services |
14.1 |
54 |
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|
Subsidiary |
Honeydew |
South Africa |
Food Manufacturing |
250 |
||
|
Subsidiary |
Holland, MI |
United States |
Machinery and Equipment Manufacturing |
230 |
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Subsidiary |
London |
United Kingdom |
Machinery and Equipment Manufacturing |
113.5 |
220 |
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|
Subsidiary |
Cary, NC |
United States |
Machinery and Equipment Manufacturing |
220 |
||
|
Subsidiary |
Stamford |
United Kingdom |
Machinery and Equipment Manufacturing |
10 |
||
|
Branch |
Philadelphia, PA |
United States |
Machinery Wholesale |
13.0 |
6 |
|
|
Branch |
Raleigh, NC |
United States |
Machinery Wholesale |
7.7 |
4 |
|
|
Subsidiary |
Plymouth, MN |
United States |
Machinery and Equipment Manufacturing |
49.5 |
170 |
|
|
Subsidiary |
Freiberg Am Neckar, Baden-WĂ¼rttemberg |
Germany |
Machinery and Equipment Manufacturing |
31.6 |
120 |
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|
Subsidiary |
Joinville, Santa Catarina |
Brazil |
Machinery and Equipment Manufacturing |
14.3 |
100 |
|
|
Subsidiary |
Villepinte |
France |
Machinery and Equipment Manufacturing |
40.1 |
74 |
|
|
Subsidiary |
Yokohama, Kanagawa |
Japan |
Machinery Wholesale |
67.7 |
66 |
|
|
Subsidiary |
Haguenau |
France |
Machinery and Equipment Manufacturing |
45.5 |
48 |
|
|
Subsidiary |
Segrate, MI |
Italy |
Machinery Wholesale |
39.3 |
48 |
|
|
Subsidiary |
London |
United Kingdom |
Machinery and Equipment Manufacturing |
28.0 |
35 |
|
|
Subsidiary |
Acassuso, Buenos Aires |
Argentina |
Machinery and Equipment Manufacturing |
13.6 |
28 |
|
|
Subsidiary |
Singapore |
Singapore |
Machinery Wholesale |
0.0 |
15 |
|
|
Subsidiary |
Vermont, VIC |
Australia |
Miscellaneous Wholesale |
15.5 |
8 |
|
|
Subsidiary |
Alzenau, Bayern |
Germany |
Holding Companies |
3 |
||
|
Subsidiary |
Alzenau, Bayern |
Germany |
Machinery and Equipment Manufacturing |
161.1 |
291 |
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|
Subsidiary |
Dresden, Sachsen |
Germany |
Machinery and Equipment Manufacturing |
49.2 |
107 |
|
|
Subsidiary |
Stretford |
United Kingdom |
Miscellaneous Professional Services |
6.1 |
25 |
|
|
Subsidiary |
Chupei City, Hsinchu |
Taiwan |
Machinery Wholesale |
18 |
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Subsidiary |
Villebon Sur Yvette |
France |
Medical Equipment and Supplies |
4.6 |
7 |
Executives
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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Director |
Director/Board Member |
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Director, Secretary |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Director, Secretary |
Company Secretary |
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Directors and Shareholders Report
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Main Office Address: |
Tel: 020 7055 7777 |
Annual Return Date: 01 May 2013 |
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Individual Directors |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
|
Current |
10 Jul 1964 |
20 Atlantis Avenue, |
14 Jan 2013 |
NA |
Current:1 |
||
|
Current |
13 May 1975 |
20 Atlantis Avenue, London, |
18 Apr 2011 |
NA |
Current:1 |
||
|
Current |
05 Dec 1961 |
20 Atlantis Avenue, London, |
25 Sep 2000 |
NA |
Current:1 |
||
|
Current |
15 Sep 1958 |
The Old Rectory, Church Road, |
01 Aug 2005 |
NA |
Current:1 |
||
|
Current |
06 Oct 1956 |
20 Atlantis Avenue, London, |
18 Jul 2003 |
NA |
Current:1 |
||
|
Current |
20 Jan 1961 |
6 Oldfield Mews, |
06 Nov 1998 |
NA |
Current:4 |
||
|
Current |
20 Nov 1954 |
20 Atlantis Avenue, London, |
01 Jan 2004 |
NA |
Current:1 |
||
|
Previous |
26 Oct 1972 |
5 Wealden House, Talwin Street Bow, |
07 Feb 2007 |
31 Dec 2010 |
Current:0 |
||
|
Previous |
21 Sep 1962 |
20 Atlantis Avenue, London, |
07 Nov 2011 |
01 Nov 2013 |
Current:0 |
||
|
Previous |
14 May 1956 |
The Oak House 46A Barn Hill, Wembley Park, |
15 Jul 1997 |
18 Jul 2003 |
Current:0 |
||
|
Previous |
21 Nov 1947 |
38 The Broadway, |
01 Feb 1993 |
31 Mar 2011 |
Current:0 |
||
|
Previous |
NA |
134 Hampton Road, |
NA |
30 Sep 1993 |
Current:1 |
||
|
Previous |
25 Feb 1943 |
43 Badcock Road, Haslingfield, |
14 Feb 1997 |
31 Dec 1997 |
Current:0 |
||
|
Previous |
01 Jun 1959 |
1 Monro House, Fitzjohns Avenue, |
25 Jun 1999 |
30 Jun 2005 |
Current:0 |
||
|
Previous |
04 Oct 1955 |
20 Atlantis Avenue, London, |
16 Jun 1998 |
01 Aug 2013 |
Current:0 |
||
|
Previous |
09 Jun 1937 |
Springbok Sandy Lane, Addington, |
23 May 1991 |
31 Mar 1998 |
Current:0 |
||
|
Previous |
23 Aug 1945 |
15 Pennington Road, Southborough, |
23 May 1991 |
29 Apr 1997 |
Current:0 |
||
|
Previous |
23 Nov 1953 |
1 Cameron Close, |
23 Jun 1998 |
21 Oct 2011 |
Current:0 |
||
|
Previous |
01 Jul 1953 |
25 Kings Hill Avenue, Kings Hill, |
23 May 1991 |
31 May 1999 |
Current:15 |
||
|
Previous |
17 Oct 1947 |
Hoehenweg 27, Herisau, |
05 Mar 1998 |
31 Dec 2003 |
Current:0 |
||
|
Previous |
09 Jun 1943 |
Alpsteinstrasse 16, |
30 Mar 1994 |
05 Mar 1998 |
Current:0 |
||
|
Previous |
28 Feb 1963 |
7A Almeida Street, |
24 Feb 1995 |
31 May 1998 |
Current:0 |
||
|
Previous |
20 Sep 1949 |
Im Weingarten, Oberuzwil 9242, |
30 Mar 1994 |
06 Nov 1998 |
Current:0 |
||
|
Previous |
13 May 1932 |
107 Queens Road, |
23 May 1991 |
31 Mar 1997 |
Current:0 |
||
|
Previous |
19 Aug 1937 |
Beulstrasse 1, |
NA |
07 Nov 1997 |
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 |
|
|
Current |
20 Jan 1961 |
6 Oldfield Mews, |
31 Mar 1998 |
NA |
Current:4 |
||
|
Previous |
09 Jun 1937 |
Springbok Sandy Lane, Addington, |
23 May 1991 |
31 Mar 1998 |
Current:0 |
||
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Corporate
Secretaries |
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There are no corporate secretaries for this company. |
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Individual
Shareholders |
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There are no individual shareholders for this company. |
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Corporate
Shareholders |
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Company Name |
Registration
Number |
Share Details |
Share Type |
# of Shares |
Share Price
(GBP) |
Share Value
(GBP) |
% of Total
Shares |
|
00683185 |
1250000 Ordinary GBP 1.00 |
Ordinary |
1,250,000 |
1.00 |
1,250,000.00 |
100.00 |
|
News
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) |
1.2 |
2.1 |
1.1 |
1.1 |
1.4 |
|
Turnover (Exports) |
112.2 |
117.1 |
129.6 |
97.7 |
83.1 |
|
Total Turnover |
113.5 |
119.2 |
130.7 |
98.8 |
84.4 |
|
Cost of Sales |
75.3 |
75.5 |
80.2 |
63.8 |
60.2 |
|
Gross Profit |
38.2 |
43.6 |
50.4 |
35.1 |
24.2 |
|
Depreciation |
0.6 |
1.2 |
1.1 |
1.0 |
1.3 |
|
Other Expenses |
10.6 |
12.0 |
11.4 |
10.4 |
10.5 |
|
Operating Profit |
27.6 |
31.7 |
- |
24.7 |
- |
|
Other Income |
0.2 |
0.1 |
0.1 |
0.2 |
2.7 |
|
Interest Paid |
0.2 |
0.1 |
0.0 |
0.2 |
1.0 |
|
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 |
27.6 |
31.6 |
39.1 |
24.6 |
15.4 |
|
Tax Payable / Credit |
6.5 |
8.1 |
11.0 |
7.1 |
4.7 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
23.8 |
25.7 |
17.0 |
10.9 |
4.6 |
|
Profit After Taxes |
-2.6 |
-2.1 |
11.1 |
6.6 |
6.2 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Number of Employees |
220 |
221 |
223 |
193 |
174 |
|
Wages |
11.8 |
12.3 |
11.5 |
10.2 |
11.1 |
|
Social Security Costs |
1.3 |
1.3 |
1.2 |
1.1 |
1.1 |
|
Pensions |
- |
0.1 |
0.1 |
0.1 |
0.1 |
|
Other Pension Costs |
0.7 |
0.3 |
0.3 |
0.4 |
0.7 |
|
Employees Remuneration |
13.8 |
13.9 |
12.9 |
11.7 |
13.0 |
|
Directors Emoluments |
- |
1.7 |
1.8 |
1.5 |
1.8 |
|
Other Costs |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
1.1 |
1.8 |
1.9 |
1.7 |
1.9 |
|
Highest Paid Director |
0.3 |
0.3 |
0.4 |
0.3 |
0.4 |
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 |
- |
18.3 |
19.3 |
- |
|
Fixtures & Fittings |
0.8 |
- |
1.2 |
1.4 |
- |
|
Plant & Vehicles |
0.3 |
- |
0.3 |
0.3 |
- |
|
Total Tangible Fixed Assets |
1.1 |
1.1 |
19.9 |
21.0 |
19.0 |
|
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 |
1.1 |
1.1 |
19.9 |
21.0 |
19.0 |
|
Stocks |
7.8 |
7.5 |
7.8 |
6.7 |
5.7 |
|
Work in Progress |
1.7 |
1.6 |
2.8 |
2.2 |
1.8 |
|
Total Stocks Work In Progress |
9.4 |
9.2 |
10.5 |
8.9 |
7.5 |
|
Trade Debtors |
25.7 |
28.9 |
25.7 |
22.3 |
3.5 |
|
Inter-Company Debtors |
15.8 |
17.9 |
6.3 |
8.2 |
6.7 |
|
Other Debtors |
1.4 |
1.3 |
2.7 |
2.3 |
1.3 |
|
Total Debtors |
42.8 |
48.0 |
34.7 |
32.8 |
11.5 |
|
Cash and Equivalents |
13.8 |
10.8 |
23.1 |
16.1 |
14.5 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
66.0 |
68.0 |
68.4 |
57.8 |
33.5 |
|
Total Assets |
67.1 |
69.2 |
88.2 |
78.9 |
52.4 |
|
Trade Creditors |
3.6 |
1.9 |
5.7 |
5.0 |
3.5 |
|
Inter-Company Creditors |
2.9 |
1.2 |
0.8 |
1.7 |
1.2 |
|
Accruals/Deferred Income (Current Liability) |
4.0 |
6.6 |
6.9 |
5.9 |
6.6 |
|
Social Security/VAT |
0.3 |
0.4 |
0.4 |
0.4 |
0.4 |
|
Corporation Tax |
4.0 |
4.3 |
7.6 |
5.1 |
2.5 |
|
Other Current Liabilities |
6.4 |
7.3 |
7.8 |
10.5 |
3.8 |
|
Total Current Liabilities |
21.2 |
21.7 |
29.2 |
28.6 |
17.9 |
|
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 |
0.0 |
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 |
8.1 |
8.4 |
7.6 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
8.1 |
8.4 |
7.6 |
|
Deferred Taxation |
- |
0.2 |
- |
- |
0.0 |
|
Other Provisions |
3.5 |
4.3 |
5.0 |
6.3 |
0.5 |
|
Total Provisions |
3.5 |
4.5 |
5.0 |
6.3 |
0.5 |
|
Issued Capital |
2.0 |
1.9 |
2.0 |
2.0 |
1.8 |
|
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 |
40.4 |
41.0 |
43.9 |
33.5 |
24.7 |
|
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 |
42.4 |
43.0 |
45.9 |
35.5 |
26.5 |
|
Net Worth |
42.4 |
43.0 |
45.9 |
35.5 |
26.5 |
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 |
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 |
3.11 |
3.14 |
2.34 |
2.02 |
1.87 |
|
Liquidity Ratio |
2.67 |
2.71 |
1.98 |
1.71 |
1.45 |
|
Stock Turnover |
12.27 |
12.60 |
12.57 |
11.51 |
8.87 |
|
Credit Period (Days) |
80.97 |
91.36 |
70.94 |
79.65 |
19.32 |
|
Working Capital by Sales |
38.73% |
40.12% |
29.56% |
28.54% |
23.49% |
|
Trade Credit by Debtors |
0.14 |
0.06 |
0.22 |
0.22 |
0.99 |
|
Return on Capital |
61.42% |
64.60% |
67.16% |
50.74% |
35.07% |
|
Return on Assets |
42.00% |
44.34% |
44.94% |
32.33% |
23.08% |
|
Profit Margin |
24.36% |
26.55% |
29.92% |
24.90% |
18.28% |
|
Return on Shareholders Funds |
66.51% |
71.36% |
86.37% |
71.84% |
45.70% |
|
Borrowing Ratio |
6.81% |
2.88% |
1.81% |
4.88% |
4.46% |
|
Equity Gearing |
63.15% |
62.14% |
52.03% |
45.00% |
50.51% |
|
Interest Coverage |
122.78 |
307.58 |
1,067.73 |
98.75 |
15.51 |
|
Sales by Tangible Assets |
10,771.00 |
10,193.00 |
667.00 |
487.00 |
349.00 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.1 |
0.1 |
0.2 |
0.1 |
0.1 |
|
Sales per Employee |
0.5 |
0.5 |
0.6 |
0.5 |
0.4 |
|
Capital Employed per Employee |
0.2 |
0.2 |
0.3 |
0.3 |
0.2 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.3 |
0.3 |
0.4 |
0.4 |
0.3 |
|
Employee Remuneration by Sales |
12.19% |
11.68% |
9.91% |
11.81% |
15.38% |
|
Creditor Days (Cost of Sales Based) |
17.00 |
9.25 |
25.68 |
27.43 |
26.84 |
|
Creditor Days (Sales Based) |
11.28 |
5.86 |
15.77 |
17.70 |
19.15 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.16 |
|
|
1 |
Rs. 103.44 |
|
Euro |
1 |
Rs. 85.26 |
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.