MIRA
INFORM REPORT
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Report Date : |
03.03.2014 |
IDENTIFICATION DETAILS
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Name : |
FUERST DAY LAWSON LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
28.12.2012 |
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Date of Incorporation : |
02.07.1958 |
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Com. Reg. No.: |
00607374 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Subject provides food, beverage and specialised chemical ingredients. |
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No. of Employees : |
187 |
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 : |
Satisfactory |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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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 third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.
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Source
: CIA |
Company name and address
FUERST DAY LAWSON LTD.
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Devon House 58-60 St Katharines Way London, E1W 1LB United Kingdom (Trading Address)
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Business Description
Founded in 1884, Fuerst Day Lawson Ltd. is a privately-owned
business that provides food, beverage and specialised chemical ingredients. It
offers a range of natural flavours for juices and energy drinks. The company
provides seeds, sweeteners, and bakery and functional blends. It develops
menthol, grease additives, and castor oil and related derivatives for personal
care items. The company also operates facilities to produce vitamin
fortification pre-mixes for neutraceuticals. It develops a variety of aroma
chemicals, honey, stabilisers, vitamins, botanicals, sebacic acid, pulses,
dried fruits and natural extracts. In addition, the company’s products are
used in coatings, synthetic resins and lubricants.
Industry
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Industry |
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ANZSIC 2006: |
1199
- Other Food Product Manufacturing Not Elsewhere Classified |
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ISIC Rev 4: |
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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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Name |
Title |
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Group Compliance and Sustainability Director |
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Samantha Gray |
Marketing Manager |
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Secretary |
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Global Operations Director |
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Sharon Fitchett |
Innovations Director |
News
|
Title |
Date |
|
Research and Markets:
Hydrocolloid Market By Type, Food & Beverage Application, Source,
Function & Geography - Global Trend & Forecast To 2018 |
13-Sep-2013 |
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Hydrocolloid Market By
Type, Food & Beverage Application, Source, Function & Geography -
Global Trend & Forecast To 2018 |
13-Sep-2013 |
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Dairy Product Leads Food
Hydrocolloid Market Says 2018 New Research... |
12-Sep-2013 |
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Dairy Product Leads Food Hydrocolloid
Market Says 2018 New Research Report at RnRMarketResearch.com |
12-Sep-2013 |
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Research and Markets Adds
Report: Food Texture Market by Functionalities, Applications, & Geography
- Global Trends & Forecasts to 2018 |
12-Sep-2013 |
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Research and Markets Adds
Report: Food Texture Market by Functionalities, Applications, & Geography
- Global Trends & Forecasts to 2018 |
12-Sep-2013 |
Financial Summary
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FYE: 28-Dec-2012 |
USD (mil) |
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Registered No.(UK): 00607374
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.631389
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6208044
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ANZSIC 2006 Codes: |
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1199 |
- |
Other Food Product Manufacturing Not Elsewhere Classified |
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373 |
- |
Furniture, Floor Covering and Other Goods Wholesaling |
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3323 |
- |
Industrial and Agricultural Chemical Product Wholesaling |
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ISIC Rev 4 Codes: |
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1079 |
- |
Manufacture of other food products n.e.c. |
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4669 |
- |
Wholesale of waste and scrap and other products n.e.c. |
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NACE Rev 2 Codes: |
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1089 |
- |
Manufacture of other food products n.e.c. |
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4676 |
- |
Wholesale of other intermediate products |
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4675 |
- |
Wholesale of chemical products |
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NAICS 2012 Codes: |
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311999 |
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All Other Miscellaneous Food Manufacturing |
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4246 |
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Chemical and Allied Products Merchant Wholesalers |
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4239 |
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Miscellaneous Durable Goods Merchant Wholesalers |
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US SIC 1987: |
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2099 |
- |
Food Preparations, Not Elsewhere Classified |
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516 |
- |
Chemicals and Allied Products |
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509 |
- |
Miscellaneous Durable Goods |
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UK SIC 2007: |
||
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1089 |
- |
Manufacture of other food products n.e.c. |
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4675 |
- |
Wholesale of chemical products |
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4676 |
- |
Wholesale of other intermediate products |
Founded in 1884, Fuerst Day Lawson Ltd. is a privately-owned
business that provides food, beverage and specialised chemical ingredients. It
offers a range of natural flavours for juices and energy drinks. The company
provides seeds, sweeteners, and bakery and functional blends. It develops
menthol, grease additives, and castor oil and related derivatives for personal
care items. The company also operates facilities to produce vitamin
fortification pre-mixes for neutraceuticals. It develops a variety of aroma
chemicals, honey, stabilisers, vitamins, botanicals, sebacic acid, pulses,
dried fruits and natural extracts. In addition, the company’s products are
used in coatings, synthetic resins and lubricants.
More Business Descriptions
Fuerst Day Lawson Ltd. is a global supplier of specialist products
to the food, beverage, pharmaceuticals, tobacco, fragrance and chemicals
industry. Its range of products include castor and industrial chemicals,
essential oils and aroma chemicals, food and beverage ingredients, honey,
juices, seeds and natural products. It is a supplier of castor oil and related
industrial chemicals. It is also a distributor of essential oils and aroma
chemicals throughout Europe. (Updated by OneSource Information Services)
Source: Experian Ltd.
The supply of specialist raw materials in a wide range of
goods worldwide
The supply of specialist raw materials in a wide range of
goods worldwide
Representative Office
Food industry. We work closely with food manufacturers and
food service companies, providing them with ingredients and solutions ranging
from seeds, bakery blends to sweeteners and functional blends, often in
collaboration with our product development teams. Beverage industry. Whether
the customer requirements are juices, juices blends, or energy drinks, we
provide both raw materials and bespoke solutions including natural flavours to
meet the needs of this dynamically changing sector. Speciality chemicals. Our
products range from Castor oil and its derivatives, grease additives to
menthol. Our focus is on effective and cost competitive solutions to the
chemical and personal care industries. Flavour & Fragrance Ingredients. We
serve the Flavour & Fragance industry with essential oils and aroma
chemicals as well as natural extracts, with a continuing focus on natural products.
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Company |
Percentage Owned |
Country |
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Fuerst Day Lawson Inc |
100% |
USA |
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Fuerst Day Lawson (India) Pvt Ltd |
100% |
INDIA |
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Fuerst Day Lawson International Trade (Shanghai) Co Ltd |
100% |
PEOPLE'S REPUBLIC OF CHINA |
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Auditor: |
Deloitte LLP |
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Bank: |
National Westminster Bank PLC |
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Auditor: |
Deloitte LLP, Deloitte LLP |
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Auditor History |
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Deloitte LLP |
28-Dec-2012 |
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Deloitte LLP |
30-Dec-2011 |
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Deloitte LLP |
31-Dec-2010 |
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Deloitte LLP |
25-Dec-2009 |
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Deloitte LLP |
26-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: |
12-28-2012 |
Corporate
Family
Corporate Structure News:
Total Corporate Family Members: 8
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
London |
United Kingdom |
Miscellaneous Professional Services |
289.5 |
227 |
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Subsidiary |
London |
United Kingdom |
Food Manufacturing |
257.2 |
187 |
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Subsidiary |
London |
United Kingdom |
Food Manufacturing |
32.5 |
6 |
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Subsidiary |
London |
United Kingdom |
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Subsidiary |
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United Kingdom |
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Subsidiary |
London |
United Kingdom |
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Subsidiary |
London |
United Kingdom |
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Subsidiary |
London |
United Kingdom |
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Executives Report
Board of Directors
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Member of the Board of Directors;Non Executive Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Non - Executive Director;Member of the Board of Directors |
Director/Board Member |
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Non - Executive Director;Member of the Board of Directors |
Director/Board Member |
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Executives
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Group Compliance and Sustainability Director |
Division Head Executive |
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Group Sales Director |
Division Head Executive |
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Divisional Director, Specialities |
Division Head Executive |
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Group Operations Director |
Division Head Executive |
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Global Operations Director |
Operations Executive |
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Market Intelligence Director |
Administration Executive |
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Secretary |
Company Secretary |
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Key Accounts Director |
Accounting Executive |
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Sales Director |
Sales Executive |
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Marketing Manager |
Marketing Executive |
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Innovations Director |
Engineering/Technical Executive |
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IT and Automation Director |
Engineering/Technical Executive |
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Directors and Shareholders Report
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Main Office Address: |
Tel: 020 7488 0777 |
Annual Return Date: 16
Nov 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
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Current |
26 Mar 1952 |
42 Holland Park Avenue, |
16 Nov 1991 |
NA |
Current:9 |
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Current |
15 Feb 1954 |
4 Richmond Place, |
08 Dec 2003 |
NA |
Current:17 |
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Current |
26 Jun 1960 |
34 Penfold Lane, |
08 Dec 2006 |
NA |
Current:7 |
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Previous |
17 Sep 1962 |
186 Park Road, |
13 Dec 1994 |
08 Jan 1997 |
Current:2 |
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Previous |
16 Aug 1953 |
35 Chestnut Road, |
15 Nov 1994 |
08 Jan 1997 |
Current:0 |
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Previous |
31 Oct 1945 |
Flat 8, 46 Queens Gardens, |
07 Jan 1997 |
25 Jun 2007 |
Current:0 |
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Previous |
29 Apr 1958 |
69 Roth Drive, Hutton, |
16 Nov 1991 |
13 Dec 1994 |
Current:0 |
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Previous |
10 Mar 1952 |
84 Liberty Lane, |
09 Jan 1992 |
08 Jan 1997 |
Current:0 |
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Previous |
11 Oct 1950 |
Hill Top Highland Road, Badgers Mount, |
16 Nov 1991 |
13 Dec 1994 |
Current:0 |
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Previous |
24 Jan 1935 |
Woodhouse, Pattiswick, |
07 Jan 1997 |
01 May 1998 |
Current:0 |
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Previous |
10 Apr 1943 |
William Robinson Buildings 3 Woodfield Terrace, |
07 Jan 1997 |
08 Dec 2003 |
Current:2 |
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Previous |
11 Jan 1945 |
3 Chadworth Way, Claygate, |
16 Nov 1991 |
08 Jan 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 |
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|
Current |
15 Feb 1954 |
4 Richmond Place, |
08 Dec 2003 |
NA |
Current:17 |
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|
Previous |
24 Apr 1946 |
28 Perryfield Way, Ham, |
16 Nov 1991 |
20 Jan 1997 |
Current:0 |
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Previous |
10 Apr 1943 |
William Robinson Buildings 3 Woodfield Terrace, |
20 Jan 1997 |
08 Dec 2003 |
Current:2 |
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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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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Maurice Day Lawson |
11365 Ordinary GBP 1.00 |
Ordinary |
11,365 |
1.00 |
11,365.00 |
11.37 |
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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 |
|
02067286 |
88635 Ordinary GBP 1.00 |
Ordinary |
88,635 |
1.00 |
88,635.00 |
88.64 |
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News
Annual Profit
& Loss
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
28-Dec-2012 |
30-Dec-2011 |
31-Dec-2010 |
25-Dec-2009 |
26-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631389 |
0.623793 |
0.647573 |
0.642603 |
0.543055 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Turnover |
257.2 |
274.0 |
237.8 |
172.4 |
225.9 |
|
Cost of Sales |
232.1 |
251.3 |
218.4 |
153.5 |
204.6 |
|
Gross Profit |
25.1 |
22.7 |
19.5 |
18.9 |
21.3 |
|
Depreciation |
0.8 |
0.7 |
0.7 |
0.6 |
0.7 |
|
Other Expenses |
24.9 |
21.8 |
19.4 |
18.3 |
20.0 |
|
Other Income |
1.6 |
1.6 |
1.0 |
0.7 |
0.7 |
|
Interest Paid |
1.5 |
2.1 |
0.7 |
0.4 |
1.3 |
|
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 |
0.3 |
0.4 |
0.5 |
0.9 |
0.7 |
|
Tax Payable / Credit |
-0.1 |
0.0 |
0.1 |
0.2 |
0.2 |
|
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 |
0.4 |
0.3 |
0.4 |
0.6 |
0.5 |
|
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 |
187 |
113 |
111 |
77 |
81 |
|
Wages |
10.1 |
9.8 |
10.0 |
6.3 |
- |
|
Social Security Costs |
1.1 |
1.0 |
1.0 |
0.6 |
- |
|
Pensions |
0.1 |
0.1 |
0.1 |
- |
0.1 |
|
Other Pension Costs |
0.1 |
0.1 |
0.1 |
0.0 |
- |
|
Employees Remuneration |
11.3 |
10.9 |
11.1 |
6.9 |
7.1 |
|
Directors Emoluments |
2.1 |
1.8 |
1.5 |
- |
2.0 |
|
Other Costs |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Directors Remuneration |
2.2 |
1.9 |
1.6 |
1.8 |
2.0 |
|
Highest Paid Director |
1.3 |
1.0 |
0.8 |
1.3 |
1.5 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
28-Dec-2012 |
30-Dec-2011 |
31-Dec-2010 |
25-Dec-2009 |
26-Dec-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.620804 |
0.643459 |
0.638712 |
0.627766 |
0.679925 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
1.7 |
1.7 |
1.7 |
0.0 |
0.0 |
|
Fixtures & Fittings |
2.2 |
1.3 |
0.9 |
0.7 |
0.5 |
|
Plant & Vehicles |
2.0 |
1.8 |
1.9 |
1.7 |
1.6 |
|
Total Tangible Fixed Assets |
6.0 |
4.7 |
4.5 |
2.3 |
2.2 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.5 |
0.5 |
0.5 |
0.5 |
0.5 |
|
Total Fixed Assets |
6.5 |
5.2 |
5.0 |
2.9 |
2.7 |
|
Total Stocks Work In Progress |
44.9 |
44.3 |
39.4 |
33.4 |
32.9 |
|
Trade Debtors |
29.0 |
32.1 |
28.5 |
29.4 |
29.6 |
|
Inter-Company Debtors |
0.3 |
0.2 |
- |
- |
0.0 |
|
Director Loans |
- |
- |
- |
- |
0.0 |
|
Other Debtors |
0.6 |
0.4 |
1.3 |
0.3 |
0.1 |
|
Total Debtors |
29.9 |
32.7 |
29.8 |
29.7 |
29.7 |
|
Cash and Equivalents |
0.0 |
4.4 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
74.8 |
81.4 |
69.2 |
63.0 |
62.5 |
|
Total Assets |
81.3 |
86.7 |
74.2 |
65.9 |
65.2 |
|
Trade Creditors |
28.6 |
33.5 |
31.3 |
29.5 |
22.7 |
|
Bank Overdraft |
27.6 |
28.2 |
18.7 |
24.4 |
26.6 |
|
Inter-Company Creditors |
20.2 |
20.7 |
20.0 |
7.9 |
12.1 |
|
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) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Social Security/VAT |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
|
Corporation Tax |
0.0 |
0.0 |
0.0 |
0.2 |
0.2 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
0.0 |
0.3 |
0.3 |
0.6 |
|
Total Current Liabilities |
76.4 |
82.4 |
70.3 |
62.3 |
62.5 |
|
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 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
|
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 |
4.6 |
4.1 |
3.8 |
3.5 |
2.6 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
4.8 |
4.2 |
3.9 |
3.6 |
2.7 |
|
Net Worth |
4.8 |
4.2 |
3.9 |
3.6 |
2.7 |
Annual Cash Flows
Financials in: USD (mil)
|
|
28-Dec-2012 |
30-Dec-2011 |
31-Dec-2010 |
25-Dec-2009 |
26-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.631389 |
0.623793 |
0.647573 |
0.642603 |
0.543055 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.3 |
-2.8 |
9.4 |
5.4 |
-3.1 |
|
Net Cash Flow from ROI and Servicing of Finance |
-1.4 |
-1.5 |
-0.6 |
-0.4 |
-1.3 |
|
Taxation |
0.1 |
0.0 |
-0.4 |
-0.2 |
0.0 |
|
Capital Expenditures |
-1.9 |
-1.0 |
-3.3 |
-0.6 |
-0.6 |
|
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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
-2.9 |
-5.3 |
5.1 |
4.3 |
-5.0 |
Annual Ratios
Financials in: USD (mil)
|
|
28-Dec-2012 |
30-Dec-2011 |
31-Dec-2010 |
25-Dec-2009 |
26-Dec-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.620804 |
0.643459 |
0.638712 |
0.627766 |
0.679925 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
0.98 |
0.99 |
0.98 |
1.01 |
1.00 |
|
Liquidity Ratio |
0.39 |
0.45 |
0.42 |
0.48 |
0.48 |
|
Stock Turnover |
5.82 |
6.00 |
6.00 |
5.29 |
5.49 |
|
Credit Period (Days) |
40.48 |
44.16 |
43.98 |
60.81 |
59.86 |
|
Working Capital by Sales |
-0.61% |
-0.35% |
-0.48% |
0.42% |
0.04% |
|
Trade Credit by Debtors |
0.99 |
1.04 |
1.10 |
1.00 |
0.77 |
|
Return on Capital |
7.23% |
8.37% |
11.96% |
25.00% |
19.19% |
|
Return on Assets |
0.44% |
0.42% |
0.63% |
1.37% |
0.80% |
|
Profit Margin |
0.14% |
0.14% |
0.20% |
0.51% |
0.29% |
|
Return on Shareholders Funds |
7.43% |
8.55% |
11.96% |
25.00% |
19.19% |
|
Borrowing Ratio |
996.64% |
1,161.40% |
989.58% |
891.66% |
1,415.15% |
|
Equity Gearing |
5.89% |
4.86% |
5.27% |
5.49% |
4.19% |
|
Interest Coverage |
0.24 |
0.18 |
0.71 |
2.32 |
0.49 |
|
Sales by Tangible Assets |
43.83 |
56.41 |
52.43 |
75.81 |
83.63 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
1.4 |
2.4 |
2.1 |
2.3 |
2.2 |
|
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 |
0.4 |
0.8 |
0.7 |
0.9 |
0.8 |
|
Employee Remuneration by Sales |
4.41% |
3.96% |
4.68% |
4.02% |
3.14% |
|
Creditor Days (Cost of Sales Based) |
44.26 |
50.16 |
52.57 |
68.49 |
50.72 |
|
Creditor Days (Sales Based) |
39.94 |
46.00 |
48.27 |
60.99 |
45.94 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.07 |
|
|
1 |
Rs. 103.61 |
|
Euro |
1 |
Rs. 85.02 |
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.