MIRA
INFORM REPORT
|
Report Date : |
06.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
K.T.C.
(EDIBLES) LIMITED |
|
|
|
|
Registered Office : |
Js
House Moorcroft Drive, Moorcroft Park, Wednesbury, West Midlands, WS10 7DE |
|
|
|
|
Country : |
U.K. |
|
|
|
|
Financials (as on) : |
31.12.2005 |
|
|
|
|
Date of Incorporation : |
29/06/1979 |
|
|
|
|
Com. Reg. No.: |
01433723 |
|
|
|
|
Legal Form : |
Private
Limited |
|
|
|
|
Line of Business : |
29/06/1979 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory
|
|
|
|
|
Payment Behaviour : |
Unknown
|
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
Subject
Reported on |
K.T.C.
(EDIBLES) LIMITED |
|
Address
|
J S
HOUSE, MOORCROFT DRIVE, WEDNESBURY, WEST MIDLANDS, WS10 7DE. |
|
Telephone
|
0121
5059 200 |
|
Facsimile
|
0121
5059 201 |
|
Web
Address |
www.ktc-edibles.co.uk |
Creditline
Recommendations
|
Monthly
Credit Guide |
GBP 40,500 |
Official Company Data
|
Legal
Form |
Private
Limited |
|
Registration
Number |
01433723 |
|
VAT
Number |
GB333860753 |
|
Date
of Incorporation |
29/06/1979 |
|
Registered
Office |
JS
HOUSE MOORCROFT DRIVE, MOORCROFT PARK, WEDNESBURY, WEST MIDLANDS, WS10 7DE. |
|
History |
23/01/2006 : The
Registered Office address changed from JS HOUSE, MOORCROFT DRIVE, WEDNESBURY,
WEST M. |
|
|
29/03/2000 : The
Registered Office address changed from J S HOUSE, MOORCROFT DRIVE,
WEDNESBURY, WEST. |
|
|
9/03/2000 : The
Registered Office address changed from BEACON WORKS FRIAR PARK ROAD,
WEDNESBURY, WE. |
|
|
1/04/1993 : The
Registered Office address changed from BEACON WORKS FRIAR PARK ROAD,
WEDNESBURY, WE. |
|
Date
of Last Annual Return to Registry |
21/03/2006 |
|
Accounts
|
The
last filed accounts at Companies House are those to 31/12/2005 |
|
Accounting
Reference Date |
31/12 |
Operations
|
Activities |
Distributors
of edible oils, colours, sauces & soft drinks. |
|
Nace
Code |
1542 |
|
Premises |
Owned,
Offices, Warehouse, Factory |
|
Staff
Employed |
197 |
|
Trade
Names |
K.T.C.
FOODS, KHERA TRADING COMP |
|
Product
Names |
BAKERS
CHOICE, DHILLON, KTC, CALYPSO, CARIBBEAN COOL,, CHEFS
CHOICE,MIDAS,KARD |
|
Import
Countries |
ALL
OVER THE WORLD |
|
Export
Countries |
ALL
OVER THE WORLD |
|
Bankers |
HSBC
BANK PLC |
|
Address |
328
HIGH STREET, WEST BROMWICH, WEST MIDLANDS, B70 9DL. |
|
Sort
Code |
404613 |
|
Auditors |
Whitehouse
Ridsdale |
|
Associated
Companies |
21STCENTURY DRINKS
LIMITED |
Public Record
Information
|
Summary
of CCJ's/Scottish Decrees |
|
Period
|
Last 72 Months |
Last 36 Months |
Last
18 Months |
|
Amount
Summary |
2,313 |
347 |
347 |
|
Count
Summary |
2 |
1 |
1 |
|
Details
of the most recent CCJ's/Scottish Decrees |
|
Date
|
Amount
|
Type
|
Case
No |
Satisfied
|
Court
|
|
12/08/2005 |
347 |
Judgment |
5LV41030 |
21/03/2006 |
LIVERPOOL |
|
30/04/2002 |
1,966 |
Judgment |
DN201718 |
10/10/2002 |
DONCASTER |
Summary of Mortgages,
Charges and Satisfactions
|
Total
Number of Mortgages/Charges Registered |
21 |
|
Number
Outstanding |
3 |
|
Number
Partially Satisfied |
0 |
|
Number
Satisfied |
18 |
|
|
|
|
Date
of Latest Mortgage Created |
15/04/1998 |
|
Date
of Latest Satisfaction |
01/12/1998 |
Details of most
recent Mortgages, Charges and Satisfactions
|
Date
Fully Satisfied
|
Date |
Date |
Charge |
Form
Type |
Lender |
|
|
17/04/1998 |
15/04/1998 |
Charge
Of Development Agreement Relating To An Agreement
Between.... |
395 |
Midland
Bank Plc |
|
|
24/02/1998 |
16/02/1998 |
Debenture |
395 |
Midland
Bank Plc |
|
01/12/1998 |
11/12/1997 |
05/12/1997 |
Fixed
Charge Supplemental To A Debenture Dated 25Th July 1979.... |
395 |
Barclays
Bank Plc |
|
|
22/10/1997 |
17/10/1997 |
Debenture |
395 |
Bny
Financial Limited |
|
12/05/1998 |
15/01/1996 |
05/01/1996 |
Legal
Charge |
395 |
Barclays
Bank Plc |
|
12/05/1998 |
14/12/1995 |
06/12/1995 |
Legal
Charge |
395 |
Barclays
Bank Plc |
|
12/05/1998 |
11/01/1994 |
22/12/1993 |
Legal
Charge |
395 |
Barclays
Bank Plc |
|
12/05/1998 |
11/01/1994 |
22/12/1993 |
Legal
Charge |
395 |
Barclays
Bank Plc |
|
02/07/1998 |
07/07/1992 |
26/06/1992 |
Legal
Mortgage |
395 |
Bank
Of Wales Plc |
|
02/07/1998 |
17/01/1990 |
12/01/1990 |
Legal
Charge |
N/A |
A.I.B.
Finance Limited |
|
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 |
|
05/05/2001 |
Companies
House Gazette |
Change
among the directors of a company |
|
07/08/1999 |
Companies
House Gazette |
Change
among the directors of a company |
|
29/07/1999 |
Companies
House Gazette |
Change
among the directors of a company |
|
20/12/1993 |
Companies
House Gazette |
Change
among the directors of a company |
|
15/10/1993 |
Companies
House Gazette |
Change
among the directors of a company |
|
03/01/1990 |
Companies
House Gazette |
Change
among the directors of a company |
|
23/05/1989 |
Companies
House Gazette |
Change
among the directors of a company |
|
12/05/1989 |
Companies
House Gazette |
Change
among the directors of a company |
|
06/01/1988 |
Companies
House Gazette |
Change
among the directors of a company |
Company Secretary
|
Secretary |
BHIMA GODHANIA |
|
Address |
5 DON
CLOSE, EDGBASTON, BIRMINGHAM, B15 3PN. |
|
Country
of Origin |
UNITED
KINGDOM |
|
Date
of Birth |
20/12/1951 |
|
Appointment
Date |
21/03/1991 |
Directors
|
Director |
MARTIN
GRAHAM BOOTH |
|
Address |
THE
ROWANS, 2 PADGBURY CLOSE, CONGLETON, CHESHIRE, CW12 4JU. |
|
Country
of Origin |
UNITED
KINGDOM |
|
Date
of Birth |
30/01/1958 |
|
Appointment
Date |
01/07/1999 |
|
|
|
|
Address |
THE
WHITE HOUSE, BURCOT, BROMSGROVE, WEST MIDLANDS, B60 1PP. |
|
Country
of Origin |
UNITED
KINGDOM |
|
Date
of Birth |
13/03/1947 |
|
Appointment
Date |
21/03/1991 |
|
Other
Directorships |
JAMMIN'
(UK) LIMITED, HEWELL GRANGE TENNIS COURT CLUB LIMITED |
|
|
|
|
Address |
16
GORWAY ROAD, WALSALL, WEST MIDLANDS, WS1 3BG. |
|
Country
of Origin |
INDIA |
|
Date
of Birth |
15/09/1928 |
|
Appointment
Date |
21/03/1991 |
|
|
|
|
Address |
17
JESSON ROAD, WALSALL, WEST MIDLANDS, WS1 3AY. |
|
Country
of Origin |
UNITED
KINGDOM |
|
Date
of Birth |
10/06/1948 |
|
Appointment
Date |
21/03/1991 |
|
Other
Directorships |
OPENTHORPE
ENGINEERING LIMITED, 21STCENTURY DRINKS LIMITED, JAMMIN' (UK)
LIMITED, BABLAKE HOUSE LIMITED, PRIMEGREEN PROPERTIES LIMITED |
Share Capital
|
Shares |
Ordinary
GBP 1.00 |
|
Issued
Number |
200,000 |
|
Principal
Shareholder |
88,000 Santokh
Singh Khera |
|
|
68,000 Sukhjinder
Singh Khera |
|
|
20,000 Michael
William Baldrey |
|
|
20,000 Raminder
Khera |
|
|
4,000 Jernail
Singh |
|
The
above reflects the principle shareholder(s) by number of shares held,
irrespective of share classification type. |
Payment Analysis
|
(
No Payment Analysis Data is Available ) |
Financial Data
|
Profit and Loss |
|
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 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
SALES |
71689 |
64219 |
58564 |
52010 |
|
UK
sales |
69121 |
61834 |
56551 |
49953 |
|
Export |
2568 |
2385 |
2013 |
2057 |
|
Wages
and Salaries |
2821 |
2567 |
1977 |
1826 |
|
Directors
Emoluments |
257 |
214 |
188 |
203 |
|
Auditors
Fees |
21 |
21 |
20 |
20 |
|
Trading
Profit |
1751 |
1901 |
1651 |
1548 |
|
Depreciation |
678 |
681 |
453 |
445 |
|
OPERATING
PROFIT |
1073 |
1220 |
1198 |
1103 |
|
Non
Trading Income |
|
|
|
(322) |
|
Interest
Payable |
754 |
714 |
608 |
642 |
|
PRE
TAX PROFIT |
319 |
506 |
590 |
139 |
|
Taxation |
121 |
175 |
185 |
110 |
|
PROFIT
AFTER TAX |
198 |
331 |
405 |
29 |
|
Dividends
Payable |
21 |
|
|
|
|
RETAINED
PROFITS |
177 |
331 |
405 |
29 |
|
Balance Sheet |
|
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 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
TOTAL
FIXED ASSETS |
10680 |
10740 |
10561 |
10231 |
|
Tangible
Assets |
10680 |
10740 |
10560 |
10229 |
|
Fixed
Assets |
10260 |
10320 |
10478 |
10229 |
|
Intermediate
assets |
420 |
420 |
82 |
|
|
Intangible
Assets |
|
|
1 |
2 |
|
TOTAL
CURRENT ASSETS |
18191 |
15662 |
14216 |
14469 |
|
Trade
debtors |
12590 |
11400 |
10242 |
11199 |
|
Stocks |
5167 |
3907 |
3565 |
2810 |
|
Other
Current Assets |
434 |
355 |
409 |
460 |
|
Misc
Current Assets |
432 |
353 |
407 |
458 |
|
Cash |
2 |
2 |
2 |
2 |
|
TOTAL
ASSETS |
28871 |
26402 |
24777 |
24700 |
|
TOTAL
CURRENT LIABILITIES |
20713 |
18288 |
17333 |
17832 |
|
Trade
creditors |
8343 |
6833 |
6375 |
6595 |
|
Short
Term Loans |
11979 |
11097 |
10565 |
10933 |
|
Bank
Overdraft |
11733 |
10850 |
10305 |
10811 |
|
Bank
Loans |
125 |
100 |
100 |
50 |
|
Other
Finance |
121 |
147 |
160 |
72 |
|
Other
Liabilities |
391 |
358 |
393 |
304 |
|
WORKING
CAPITAL |
(2522) |
(2626) |
(3117) |
(3363) |
|
TOTAL
LONG TERM LIABS |
2290 |
2423 |
2422 |
2253 |
|
Long
Term Loans |
1495 |
1666 |
1840 |
1855 |
|
Bank
Loans |
1419 |
1558 |
1650 |
1750 |
|
Other
Finance |
76 |
108 |
190 |
105 |
|
Other
Liabilities |
795 |
757 |
582 |
398 |
|
NET
ASSETS/(LIABILITIES) |
5868 |
5691 |
5022 |
4615 |
|
SHARE
CAPITAL + RESERVES |
5868 |
5691 |
5022 |
4615 |
|
Share
Cap + Sundry Res |
210 |
210 |
210 |
210 |
|
Issued
Share Capital |
200 |
200 |
200 |
200 |
|
Sundry
Reserves |
10 |
10 |
10 |
10 |
|
Revaluation
Reserves |
2846 |
2846 |
2508 |
2507 |
|
Profit
and Loss account |
2812 |
2635 |
2304 |
1898 |
|
SHAREHOLDERS
FUNDS |
5868 |
5691 |
5022 |
4615 |
|
CAPITAL
EMPLOYED |
8158 |
8114 |
7444 |
6868 |
|
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 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
Net
Cashflow from Oper. |
679 |
868 |
1768 |
(574) |
|
Increase
in Cash |
(883) |
(545) |
506 |
(1116) |
|
Directors
Remuneration |
257 |
214 |
188 |
203 |
|
Auditors
Remuneration |
21 |
21 |
20 |
20 |
|
Liquid
Assets |
12592 |
11402 |
10244 |
11201 |
|
Net
Working Capital |
(2522) |
(2626) |
(3117) |
(3363) |
|
Long
Term Debt(>12 Months) |
1495 |
1666 |
1840 |
1855 |
|
Other
Deferred Liabs |
795 |
757 |
582 |
398 |
|
Tangible
Net Worth(T.N.W) |
5868 |
5691 |
5021 |
4613 |
|
Equity |
5868 |
5691 |
5022 |
4615 |
|
Number
of Years Trading |
26 |
25 |
24 |
23 |
|
Number
of Employees |
197 |
188 |
137 |
144 |
|
Profit
per Employee |
1619.3 |
2691.5 |
4306.6 |
965.3 |
|
Sales
per Employee |
363903.6 |
341590.4 |
427474.5 |
361180.6 |
|
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 |
0.9 |
0.9 |
0.8 |
0.8 |
|
Long
Term Debt/T.N.W |
0.3 |
0.3 |
0.4 |
0.4 |
|
Pre
Tax Profit Margin% |
0.4 |
0.8 |
1 |
0.3 |
|
Debtors
Days (D.S.O) |
64 |
65 |
64 |
79 |
|
Creditors
Days (D.P.O) |
42 |
39 |
40 |
46 |
|
Quick
Ratio |
0.6 |
0.6 |
0.6 |
0.7 |
|
Return
on Investment% |
5.3 |
6.4 |
6.7 |
4.4 |
|
Return
on Assets% |
1.1 |
1.9 |
2.4 |
0.6 |
|
T.N.W/Total
Assets% |
20.3 |
21.6 |
20.3 |
18.7 |
|
Return
on Capital% |
3.9 |
6.2 |
7.9 |
2 |
|
Rtn
on Shareholders Funds% |
5.4 |
8.9 |
11.7 |
3 |
|
Working
Capital/Sales% |
(3.5) |
(4.1) |
(5.3) |
(6.5) |
|
Borrowing
Ratio% |
229.6 |
224.3 |
247.1 |
277.2 |
|
Equity
Gearing% |
25.5 |
27.5 |
25.4 |
23 |
|
Stock
Turnover |
13.9 |
16.4 |
16.4 |
18.5 |
Key Industry Sector
Trends
|
Year
|
2001 |
2000 |
1999 |
1998 |
|
Sample
Size |
55 |
56 |
54 |
63 |
|
Pre-Tax
Profit Margin |
(32.8) |
1.6 |
0.4 |
12.6 |
|
Current
Ratio |
2 |
1.6 |
1.6 |
1..6 |
|
Borrowing
Ratio |
82.5 |
97.3 |
71.7 |
144 |
|
Return
on Capital |
7.2 |
8.3 |
7 |
5 |
|
Creditors
Days |
84 |
39 |
32 |
127 |
|
Above
figures relate to companies in 1992 Standard Industry Classification (Nace)
sector : Manufacture of vegetable and animal oils and fats |
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. |
|
Turnover |
|
Turnover has increased by 12 %, a growth
of GBP 7,470,000 in the period. |
|
Operating Profit |
|
Totalled GBP 1,073,000. In the year prior
a Profit of GBP 1,220,000 was achieved. |
|
Pre Tax Profit |
|
The subject's profit decreased by 36 %
over the previous year. |
|
Working Capital |
|
The company's working capital deficiency
reduced in the period and now stands at GBP 2,522,000. |
|
Net Worth |
|
Net worth has increased by 3 % and now
stands at GBP 5,868,000. |
|
Fixed Assets |
|
The subject's fixed assets reduced during
the year by GBP 60,000 to GBP 10,680,000 and are now 36 % of total assets
compared with 40 % in the previous year. |
|
Long Term Liabilities |
|
The company's long term liabilities
reduced during the period by 5 % and are now 39 % of net worth compared with
43 % in the previous period. |
|
Long Term Liabilities |
|
Long term liabilities are now 8 % of total
liabilities compared with 9 % in the previous period. |
|
Long Term Liabilities |
|
Long term liabilities are 28 % of capital
employed, a decrease of 2 % over the previous period. |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|