MIRA INFORM REPORT
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Report Date : |
27.01.2014 |
IDENTIFICATION DETAILS
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Name : |
MATALAN RETAIL LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
23.02.2013 |
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Date of Incorporation : |
25.02.1989 |
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Com. Reg. No.: |
02103564 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufactures and supplies several printed tops and cotton shirts
in different sizes and designs for women |
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No. of Employees : |
16,373 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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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.
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.
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Source
: CIA |
Company name and address
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Matalan Retail Ltd. |
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Business Description
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Matalan Retail Ltd. is one of the leading providers of apparel in the United Kingdom. The company designs, manufactures and supplies several printed tops and cotton shirts in different sizes and designs for women. It also offers nightwear and school uniforms in different colours for children. The company stocks and sells a range of T-shirts and polo and sports shirts for men. It additionally offers a variety of yarn-dyed shirts and jerseys. In addition, the company provides bowls, vases, cushions, photo frames, mirrors and decorative items in different colours and sizes. |
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
4771 - Retail sale of clothing, footwear and leather articles in specialized stores |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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News
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Financial Summary
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Key IDSM Number 42248265
Registered No.(UK) 02103564
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6299984
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.655225
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Corporate
Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Missouri Topco Ltd. |
Parent |
|
|
|
|
|
|
Subsidiary |
Skelmersdale |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Airdrie |
United Kingdom |
Architecture and Engineering |
|
75 |
|
|
Subsidiary |
Skelmersdale |
United Kingdom |
Holding Companies |
|
|
|
|
Subsidiary |
Skelmersdale |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
13,901 |
|
|
Subsidiary |
Skelmersdale |
United Kingdom |
Clothing and Apparel Stores |
1,786.4 |
16,373 |
|
|
UK Branch/Trading address |
Renfrew |
United Kingdom |
Clothing and Apparel Stores |
1,786.4 |
175 |
|
|
UK Branch/Trading address |
Southall |
United Kingdom |
Clothing and Apparel Stores |
1,786.4 |
|
|
|
UK Branch/Trading address |
Rochdale |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
100 |
|
|
UK Branch/Trading address |
Grays |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
100 |
|
|
UK Branch/Trading address |
Perth |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
100 |
|
|
UK Branch/Trading address |
London |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
90 |
|
|
UK Branch/Trading address |
Hull |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
86 |
|
|
UK Branch/Trading address |
Eastleigh |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
85 |
|
|
UK Branch/Trading address |
Walsall |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
80 |
|
|
UK Branch/Trading address |
Sutton-In-Ashfield |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
80 |
|
|
UK Branch/Trading address |
Staines-Upon-Thames |
United Kingdom |
Grocery Stores |
0.0 |
70 |
|
|
UK Branch/Trading address |
Middlesbrough |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
70 |
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UK Branch/Trading address |
Burton-On-Trent |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
70 |
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UK Branch/Trading address |
Falkirk |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
65 |
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UK Branch/Trading address |
Glasgow |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
60 |
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UK Branch/Trading address |
Accrington |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
60 |
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UK Branch/Trading address |
London |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
60 |
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UK Branch/Trading address |
Colchester |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
60 |
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UK Branch/Trading address |
Newcastle |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
50 |
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UK Branch/Trading address |
Salisbury |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
45 |
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UK Branch/Trading address |
Leeds |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
45 |
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UK Branch/Trading address |
Darlington |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
34 |
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Subsidiary |
Bruxelles |
Belgium |
Clothing and Apparel Wholesale |
0.0 |
31 |
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UK Branch/Trading address |
Stafford |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
29 |
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Subsidiary |
Skelmersdale |
United Kingdom |
Clothing and Apparel Stores |
17.3 |
|
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|
Subsidiary |
Skelmersdale |
United Kingdom |
Clothing and Apparel Stores |
0.1 |
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Subsidiary |
Skelmersdale |
United Kingdom |
Miscellaneous Professional Services |
0.0 |
|
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UK Branch/Trading address |
Northampton |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
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UK Branch/Trading address |
King's Lynn |
United Kingdom |
Clothing and Apparel Stores |
0.0 |
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Subsidiary |
Skelmersdale |
United Kingdom |
Holding Companies |
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Subsidiary |
Skelmersdale |
United Kingdom |
Holding Companies |
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Executives Report
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01695 552400 |
Annual Return Date: 31 Jul
2013 |
Individual Directors
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
18 Sep 1976 |
Gillibrands Road, Skelmersdale, |
29 Jul 2013 |
NA |
Current:9 |
|
|
|
Current |
26 Apr 1955 |
8 Welbeck Road Ellesmere Park,
Eccles, |
02 Jan 2007 |
NA |
Current:30 |
|
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|
Current |
12 Apr 1953 |
Gillibrands Road, Skelmersdale, |
05 Feb 2013 |
NA |
Current:1 |
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Previous |
04 Jan 1964 |
Old Rectory, High Street Whitwell, |
26 Jun 2002 |
17 Mar 2003 |
Current:0 |
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Previous |
10 Jul 1966 |
C/O Matalan Ltd Gillibrands, Road Skelmersdale,
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26 May 2011 |
13 Sep 2013 |
Current:10 |
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Previous |
15 Aug 1961 |
Jubilee House Second Avenue, |
02 Sep 2002 |
09 Jan 2007 |
Current:1 |
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Previous |
NA |
Darwin Bank, Whiddon Croft Menston, |
07 Jan 2002 |
17 Mar 2003 |
Current:0 |
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Previous |
23 May 1952 |
Malt Kiln Barn, Halsall Road, |
13 Mar 1998 |
30 Nov 2002 |
Current:1 |
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Previous |
31 May 1944 |
180 Prescot Road, Aughton, |
31 Jul 1991 |
13 Mar 1998 |
Current:0 |
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Previous |
07 Jun 1962 |
Oldfield, St Mary's Road, |
01 Feb 2007 |
16 Apr 2013 |
Current:4 |
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Previous |
04 Jan 1944 |
1St Floor Block C Houston Palace, 1 Avenue Princess Grace,
|
31 Jul 1991 |
01 Nov 2007 |
Current:0 |
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|
|
Previous |
06 May 1959 |
6 Rose Neath, Sandringham Park, |
11 Jan 2007 |
01 Nov 2010 |
Current:14 |
|
|
|
Previous |
01 Jun 1962 |
Flat 8, 1761 Building City Walls Road, |
17 Mar 2003 |
30 Nov 2006 |
Current:0 |
|
|
|
Previous |
21 Jun 1949 |
84 Macclesfield Road, |
NA |
30 Apr 2001 |
Current:2 |
|
|
|
Previous |
16 Mar 1978 |
Gillibrands Road, Skelmersdale, |
26 Mar 2010 |
06 Apr 2010 |
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
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
NA |
Gillibrands Road, Skelmersdale, |
25 Apr 2013 |
NA |
Current:1 |
|
|
|
Previous |
15 Aug 1961 |
Jubilee House Second Avenue, |
01 Apr 2005 |
27 Jun 2005 |
Current:1 |
|
|
|
Previous |
23 May 1952 |
Malt Kiln Barn, Halsall Road, |
01 Sep 1991 |
12 Dec 2001 |
Current:1 |
|
|
|
Previous |
07 Mar 1963 |
135 Bond Street, |
01 Nov 2006 |
31 Jan 2007 |
Current:2 |
|
|
|
Previous |
07 Jun 1962 |
Oldfield, St Mary's Road, |
01 Feb 2007 |
16 Apr 2013 |
Current:4 |
|
|
|
Previous |
28 Mar 1964 |
10 Osprey Close, Collingham, |
27 Jun 2005 |
31 Oct 2006 |
Current:0 |
|
|
|
Previous |
23 Jan 1952 |
The Poplars Darland Lane, Darland, |
12 Dec 2001 |
01 Apr 2005 |
Current:2 |
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Corporate
Secretaries
|
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 |
|
01579910 |
1000 Ordinary GBP 1.00 |
Ordinary |
1,000 |
1.00 |
1,000.00 |
100.00 |
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|||||||
News
|
|
Research
and Markets Offers Report: Clothing Retailing Market Report 2013 |
31-Jul-2013 |
|
|
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Research
and Markets Adds Report: Clothing Retailing Market Report 2013 |
25-Jul-2013 |
|
|
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Research
and Markets: Discount Retailing Market Report 2013 |
29-Apr-2013 |
|
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Discount
Retailing Market Report 2013 |
29-Apr-2013 |
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|
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Recall
- Betty Boop 2-Piece Girl's Pyjamas |
06-Apr-2013 |
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C2DE
Consumer Market Report 2013 |
29-Jan-2013 |
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Tories
Divided On A Living Wage |
05-Nov-2012 |
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Annual Profit & Loss
|
|
|
|
|
|
23-Feb-2013 |
25-Feb-2012 |
26-Feb-2011 |
27-Feb-2010 |
28-Feb-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.629998 |
0.625556 |
0.647435 |
0.631366 |
0.575434 |
|
Consolidated |
Yes |
Yes |
No |
No |
No |
|
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|
|
|
|
|
|
Total Turnover |
1,786.4 |
1,786.4 |
1,693.6 |
1,748.7 |
1,772.6 |
|
Cost of Sales |
1,567.3 |
1,582.6 |
1,405.9 |
1,416.5 |
1,483.1 |
|
Gross Profit |
219.0 |
203.8 |
287.8 |
332.3 |
289.5 |
|
Depreciation |
34.0 |
34.2 |
37.4 |
39.4 |
46.9 |
|
Other Expenses |
115.6 |
110.3 |
111.1 |
127.3 |
131.2 |
|
Operating Profit |
103.5 |
- |
- |
205.0 |
158.3 |
|
Other Income |
1.1 |
1.0 |
2.3 |
0.6 |
2.3 |
|
Interest Paid |
75.9 |
76.7 |
66.4 |
42.1 |
67.1 |
|
Exceptional Income |
-0.8 |
-1.9 |
-0.2 |
0.0 |
0.0 |
|
Discontinued Operations |
- |
- |
- |
- |
0.0 |
|
Profit Before Taxes |
27.9 |
15.8 |
112.4 |
163.5 |
93.5 |
|
Tax Payable / Credit |
7.0 |
-2.2 |
32.1 |
56.7 |
30.6 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
- |
- |
92.7 |
- |
- |
|
Profit After Taxes |
21.0 |
18.1 |
-12.4 |
106.8 |
62.9 |
|
Audit Fees |
0.2 |
0.2 |
0.8 |
0.5 |
0.7 |
|
Non Audit Fees |
0.3 |
0.3 |
- |
- |
- |
|
Number of Employees |
16,373 |
15,858 |
16,144 |
16,627 |
15,041 |
|
Wages |
224.4 |
209.9 |
198.2 |
207.0 |
206.3 |
|
Social Security Costs |
10.6 |
10.1 |
9.6 |
13.1 |
12.5 |
|
Pensions |
- |
- |
- |
- |
0.0 |
|
Other Pension Costs |
3.2 |
5.4 |
9.4 |
7.9 |
9.0 |
|
Employees Remuneration |
238.3 |
225.4 |
217.2 |
228.1 |
227.8 |
|
Directors Emoluments |
- |
- |
- |
- |
1.4 |
|
Other Costs |
- |
4.5 |
- |
- |
6.1 |
|
Directors Remuneration |
3.2 |
4.5 |
10.2 |
6.8 |
7.5 |
|
Highest Paid Director |
2.5 |
1.8 |
4.3 |
3.2 |
3.3 |
|
|
|
Annual Balance Sheet |
|
Financials in: USD (mil) |
|
|
23-Feb-2013 |
25-Feb-2012 |
26-Feb-2011 |
27-Feb-2010 |
28-Feb-2009 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.655225 |
0.636971 |
0.6222 |
0.656858 |
0.701582 |
|
Consolidated |
Yes |
Yes |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
133.5 |
139.3 |
141.4 |
131.5 |
128.1 |
|
Fixtures & Fittings |
95.1 |
106.6 |
115.9 |
115.4 |
111.6 |
|
Plant & Vehicles |
0.0 |
0.2 |
0.3 |
0.2 |
0.1 |
|
Total Tangible Fixed Assets |
228.6 |
246.0 |
257.6 |
247.1 |
239.9 |
|
Intangible Assets |
26.9 |
31.4 |
36.0 |
31.1 |
25.8 |
|
Investments |
7.6 |
1.7 |
6.4 |
6.5 |
24.2 |
|
Total Fixed Assets |
263.1 |
279.1 |
300.1 |
284.7 |
289.9 |
|
Stocks |
214.9 |
206.9 |
192.9 |
160.6 |
151.7 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
214.9 |
206.9 |
192.9 |
160.6 |
151.7 |
|
Trade Debtors |
6.6 |
6.8 |
- |
- |
- |
|
Inter-Company Debtors |
274.7 |
288.9 |
318.7 |
250.1 |
147.4 |
|
Director Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Debtors |
28.2 |
23.5 |
27.5 |
23.3 |
29.2 |
|
Total Debtors |
309.5 |
319.2 |
346.2 |
273.4 |
176.6 |
|
Cash and Equivalents |
183.9 |
150.7 |
133.4 |
148.7 |
78.4 |
|
Other Current Assets |
25.8 |
4.2 |
2.1 |
27.6 |
92.1 |
|
Total Current Assets |
734.1 |
681.0 |
674.5 |
610.3 |
498.7 |
|
Total Assets |
997.2 |
960.2 |
974.6 |
895.0 |
788.6 |
|
Trade Creditors |
142.1 |
126.1 |
129.5 |
108.9 |
113.6 |
|
Bank Overdraft |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inter-Company Creditors |
218.6 |
225.0 |
230.3 |
127.4 |
118.9 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
48.8 |
46.6 |
56.9 |
71.4 |
68.0 |
|
Social Security/VAT |
31.6 |
43.5 |
32.8 |
28.9 |
15.1 |
|
Corporation Tax |
7.6 |
- |
17.8 |
32.9 |
9.4 |
|
Other Current Liabilities |
14.8 |
11.9 |
28.9 |
9.0 |
6.3 |
|
Total Current Liabilities |
463.5 |
453.1 |
496.3 |
378.5 |
331.3 |
|
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) |
59.8 |
63.9 |
60.8 |
54.5 |
53.3 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
4.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
59.8 |
63.9 |
64.8 |
54.5 |
53.3 |
|
Deferred Taxation |
23.7 |
22.6 |
24.1 |
32.6 |
53.7 |
|
Other Provisions |
6.1 |
7.1 |
5.9 |
9.1 |
0.0 |
|
Total Provisions |
29.8 |
29.7 |
30.1 |
41.7 |
53.7 |
|
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 |
420.8 |
411.0 |
398.9 |
400.2 |
273.8 |
|
Other Reserves |
23.4 |
2.5 |
-15.4 |
20.1 |
76.5 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
444.1 |
413.5 |
383.5 |
420.3 |
350.4 |
|
Net Worth |
417.3 |
382.1 |
347.5 |
389.3 |
324.6 |
|
|
|
Annual Cash Flows |
|
Financials in: USD (mil) |
|
|
23-Feb-2013 |
25-Feb-2012 |
26-Feb-2011 |
27-Feb-2010 |
28-Feb-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period Average) |
0.629998 |
0.625556 |
0.647435 |
0.631366 |
0.575434 |
|
Consolidated |
Yes |
Yes |
No |
No |
No |
|
|
|
|
|
|
|
|
|
|
Annual Ratios |
|
Financials in: USD (mil) |
|
|
23-Feb-2013 |
25-Feb-2012 |
26-Feb-2011 |
27-Feb-2010 |
28-Feb-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.655225 |
0.636971 |
0.6222 |
0.656858 |
0.701582 |
|
Consolidated |
Yes |
Yes |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.58 |
1.50 |
1.36 |
1.61 |
1.51 |
|
Liquidity Ratio |
1.12 |
1.05 |
0.97 |
1.19 |
1.05 |
|
Stock Turnover |
799.00 |
848.00 |
914.00 |
1,047.00 |
959.00 |
|
Credit Period (Days) |
139.00 |
140.00 |
- |
- |
- |
|
Working Capital by Sales |
1,575.00% |
1,299.00% |
1,011.00% |
1,379.00% |
1,152.00% |
|
Trade Credit by Debtors |
2,165.00 |
1,867.00 |
- |
- |
- |
|
Return on Capital |
503.00% |
307.00% |
2,446.00% |
3,042.00% |
1,677.00% |
|
Return on Assets |
269.00% |
162.00% |
1,201.00% |
1,755.00% |
972.00% |
|
Profit Margin |
156.00% |
89.00% |
664.00% |
935.00% |
527.00% |
|
Return on Shareholders Funds |
605.00% |
376.00% |
3,051.00% |
3,738.00% |
2,189.00% |
|
Borrowing Ratio |
5,238.00% |
5,887.00% |
6,628.00% |
3,273.00% |
3,663.00% |
|
Equity Gearing |
4,454.00% |
4,307.00% |
3,935.00% |
4,696.00% |
4,442.00% |
|
Interest Coverage |
37.00 |
21.00 |
169.00 |
388.00 |
139.00 |
|
Sales by Tangible Assets |
751.00 |
713.00 |
684.00 |
680.00 |
606.00 |
|
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 |
0.1 |
0.1 |
0.1 |
0.1 |
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 |
0.1 |
|
Employee Remuneration by Sales |
1,334.00% |
1,262.00% |
1,282.00% |
1,304.00% |
1,285.00% |
|
Creditor Days (Cost of Sales Based) |
3,442.00 |
2,961.00 |
3,232.00 |
2,918.00 |
3,409.00 |
|
Creditor Days (Sales Based) |
3,020.00 |
2,623.00 |
2,683.00 |
2,364.00 |
2,852.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.17 |
|
UK Pound |
1 |
Rs.103.38 |
|
Euro |
1 |
Rs.85.08 |
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.