MIRA
INFORM REPORT
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Report Date : |
25th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
HAMPSHIRE
COMMODITIES LIMITED |
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Registered Office : |
50
WEST STREET, FARNHAM, SURREY, GU9 7DX. |
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Country : |
United
Kingdom |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
11.08.1993 |
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Com. Reg. No.: |
02844285 |
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Legal Form : |
Private
Limited |
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Line of Business : |
Miscellaneous
service activities |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company Identification Details
Subject Reported on HAMPSHIRE COMMODITIES LIMITED
Address 121 ALBERT STREET, FLEET, HAMPSHIRE, GU51
3SR.
Telephone 01252 613058
Creditline Recommendations
GBP 1m-5m financial strength
rating based on net worth plus net current assets/liabilities
Monthly Credit Guide GBP 115,000
Risk Category LOW RISK
Official Company Data
Legal Form Private Limited
Registration Number 02844285
Date of Incorporation 11/08/1993
Registered Office 50 WEST STREET, FARNHAM, SURREY, GU9 7DX.
History 13/10/1999 : The Registered Office address changed
from SHERWOOD HOUSE, 41 QUEENS ROAD, FARNBOROUGH,.
Date of Last Annual
Return to Registry 11/08/2006
Accounts The last filed accounts at Companies House
are those to 31/12/2005
Accounting Reference
Date 31/12
Operations
Activities General Business Classification:
Miscellaneous service activities
Nace Code 9305
Auditors Wise & Co
Public Record Information
Summary of CCJ's/Scottish Decrees
No CCJs/Scottish
Decrees are recorded in our file.
Summary of Mortgages, Charges and
Satisfactions
Total Number of Mortgages/Charges
Registered 1
Number Outstanding 1
Number Partially Satisfied 0
Number Satisfied 0
Date of Latest Mortgage Created 22/11/1999
Details of most recent Mortgages,
Charges and Satisfactions
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Date
Fully |
Date |
Date |
Charge |
Form
Type |
Lender |
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|
02/12/1999 |
22/11/1999 |
Debenture |
395 |
Lloyds
Tsb Bank Plc |
It should be noted that there
is no legal requirement to file satisfaction details of mortgages/charges at
Companies House.
Other Filings and Notices
Date Source Description
04/02/2000 Companies House Gazette Alteration
in memorandum or articles of association
24/08/1993 Companies House Gazette Change
among the directors of a company
Company Secretary
Secretary JUPP CASTEL LIMITED
Address 17 FINNS BUSINESS PARK,
BOWENHURST LANE, CRONDALL
FARNHAM, SURREY, GU10 5HP.
Country of Origin UNITED KINGDOM
Appointment Date 01/05/2006
Directors
Director COLIN JEFFERY NEWMAN
Address 7A DINORBEN AVENUE, FLEET, HAMPSHIRE, GU13
9SG.
Country of Origin UNITED KINGDOM
Date of Birth 21/10/1943
Appointment Date 11/08/1993
Share Capital
Shares Ordinary GBP 1.00
Issued Number 10,000
Principal Shareholder 8,300 Colin Jeffery Newman
1,700 Lilian Selina Newman
The above reflects the principle
shareholder(s) by number of shares held, irrespective of share classification
type.
Payment Analysis
Invoice
Experience
The data below represents how the
subject has been trading with its suppliers, at an invoice level, over the last
12 months. Any invoice in the tables below that is currently open/outstanding
will also be included in the aged debt analysis.
EXPERIENCES LAST 4 QUARTERS
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Past
due in days (%) |
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Amount
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Number |
Within
Terms |
<30 |
<60 |
<90 |
>90 |
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Over 25,000 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
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20,000
to 24,999 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
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15,000
to 19,999 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
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10,000
to 14,999 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
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5,000
to 9,999 GBP |
0 |
0 |
0 |
0 |
0 |
0 |
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Less
than 5,000 GBP |
1 |
100.000 |
0 |
0 |
0 |
0 |
Invoice
Experience
The following 2 tables
represent invoices to show trends in payment performance. The first show
invoices in percent by quarter and the second represents the Graydon Payment
score compared to industry for the last 6 months.
PAYMENT ANALYSIS IN PERCENT PER QUARTER
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Quarter
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Payments
Made |
1/2006 |
2/2006 |
3/2006 |
4/2006 |
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According
to terms |
0 |
0 |
100 |
0 |
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Up to
30 days late |
0 |
0 |
0 |
0 |
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30 to
60 days late |
0 |
0 |
0 |
0 |
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60 to
90 days late |
0 |
0 |
0 |
0 |
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Over
90 days late |
0 |
0 |
0 |
0 |
PAYMENT SCORES
LAST 6 MONTHS-COMPARED TO INDUSTRY
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Month
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5/2006 |
6/2006 |
7/2006 |
8/2006 |
9/2006 |
10/2006 |
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Company |
0 |
0 |
0 |
0 |
8.0 |
0 |
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Lower
Quartile |
7.0 |
6.0 |
7.0 |
7.0 |
7.9 |
8.0 |
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Median |
7.9 |
7.0 |
7.1 |
7.9 |
8.0 |
8.0 |
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Upper
Quartile |
8.0 |
8.0 |
8.0 |
8.0 |
8.0 |
8.0 |
Payment scores range between 1.0 and 8.0. An 8.0 is a perfect score
achieved through payment of all invoices according to terms. This information
should be used in conjunction with other aspects of this report. A 0 score
indicates no payment experiences recorded for that month.
Financial Data
Profit & Loss Accounts are not
available for companies categorised as small companies under the companies act.
Balance Sheet
The following figures are shown
in units of 1000
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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TOTAL FIXED ASSETS |
8 |
10 |
11 |
13 |
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Tangible Assets |
8 |
10 |
11 |
13 |
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TOTAL CURRENT ASSETS |
1933 |
1581 |
1310 |
990 |
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Trade debtors |
958 |
696 |
650 |
518 |
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Stocks |
581 |
734 |
518 |
401 |
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Other Current Assets |
394 |
151 |
142 |
71 |
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Cash |
394 |
151 |
142 |
71 |
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TOTAL ASSETS |
1941 |
1591 |
1321 |
1003 |
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TOTAL CURRENT LIABILITIES |
559 |
395 |
370 |
232 |
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Trade creditors |
559 |
395 |
370 |
232 |
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WORKING CAPITAL |
1374 |
1186 |
940 |
758 |
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TOTAL LONG TERM LIABS |
|
1 |
1 |
1 |
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NET ASSETS/(LIABILITIES) |
1382 |
1195 |
950 |
770 |
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SHARE CAPITAL + RESERVES |
1382 |
1195 |
950 |
770 |
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Share Cap + Sundry Res |
10 |
10 |
10 |
10 |
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Profit and Loss account |
1372 |
1185 |
940 |
760 |
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SHAREHOLDERS FUNDS |
1382 |
1195 |
950 |
770 |
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CAPITAL EMPLOYED |
1382 |
1196 |
951 |
771 |
Financial Comparison
The following figures are shown
in units of 1000
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Liquid Assets |
1352 |
847 |
792 |
589 |
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Net Working Capital |
1374 |
1186 |
940 |
758 |
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Other Deferred Liabs |
|
1 |
1 |
1 |
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Tangible Net Worth(T.N.W) |
1382 |
1195 |
950 |
770 |
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Equity |
1382 |
1195 |
950 |
770 |
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Number of Years Trading |
12 |
11 |
10 |
9 |
Key Credit Ratios
The
following figures are shown as Ratios or Percentages
|
Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
|
Current Ratio |
3.5 |
4 |
3.5 |
4.3 |
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Quick Ratio |
2.4 |
2.1 |
2.1 |
2.5 |
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T.N.W/Total Assets% |
71.2 |
75.1 |
71.9 |
76.8 |
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Equity Gearing% |
247.2 |
301.8 |
256.1 |
330.5 |
Key Industry Sector Trends
|
Year |
2006 |
2005 |
2004 |
2003 |
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Sample Size |
7878 |
42905 |
45289 |
42840 |
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Pre-Tax Profit Margin |
18.9 |
13.2 |
13.1 |
11.8 |
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Current Ratio |
1.9 |
1.6 |
1.5 |
1.6 |
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Borrowing Ratio |
13.9 |
5.9 |
13.3 |
16.7 |
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Return on Capital |
79.6 |
59 |
62.5 |
54.5 |
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Creditors Days |
76 |
161 |
164 |
176 |
Above
figures relate to companies in 1992 Standard Industry Classification (Nace)
sector : Other service activities
Financial Summary
Auditors Qualification
The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/12/2005.
No Turnover
The company's balance sheet total is less than GBP 5,600,000 and is a medium sized company as defined by the Companies Act. It is not required to disclose turnover but it is likely to be in the range of GBP 2,800,000 - GBP 11,200,000.
No Pre-Tax Profit
The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Shareholders Funds shown on the Balance Sheet is GBP 187,000 increase. This suggests that the Company may have made a post-tax profit of GBP 187,000.
Working Capital
The company's working capital has improved in the period by 16 %.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed
to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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