MIRA
INFORM REPORT
|
Report Date : |
05.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PUCKATOR LIMITED |
|
|
|
|
Registered Office : |
Loman Works, East Taphouse, Liskeard, Cornwall PL14 4NQ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
01.08.1997 |
|
|
|
|
Com. Reg. No.: |
03413131 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (GB) |
|
|
|
|
Line of Business : |
Importers and Distribution of Gift and Novelty |
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 |
|
Maximum Credit Limit : |
GBP 24,200 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
|
|
|
Subject Reported on |
PUCKATOR LIMITED |
|
Trading Address |
LOMAN WORKS EAST TAPHOUSE,LISKEARD,PL14 4NQ |
|
|
|
|
|
This company has an average risk status and should be
treated with a degree of caution |
|
|
|
|
|
|
Credit Limit |
GBP 24,200 |
|
|
|
Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
|
|
|
|
|
|
Contract Limit |
GBP 225,800 |
|
|
|
Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
|
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
03413131 |
|
Date of Incorporation |
01/08/1997 |
|
Registered Office |
Loman Works, East Taphouse, Liskeard, Cornwall PL14 4NQ |
|
Date of Last Annual Return to
Registry |
01/08/2007 |
|
Activities |
Gift and novelty importers and distribution |
|
Accounts |
The last filed accounts cover the period to 31/12/2006 and
were filed on 23/10/2007 |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
|
01/08/2007 |
Annual Return |
|
31/12/2006 |
Financial Statement / Set of Accounts |
|
It should be noted that there is no legal requirement to
file satisfaction details of mortgages/charges at Companies House. |
Known Directors
|
|
|
|
|
DIRECTOR |
|
|
|
Occupation |
SALES & MARKETING |
|
|
Address |
47, TOM LANE , SHEFFIELD , S10 3PA |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
20/07/1970 |
|
|
Appointment Date |
31/07/2001 |
|
|
Other Appointments |
PUCKATOR LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
IMPORTER |
|
|
Address |
PUCKATOR COTTAGE , ST CLEER , LISKEARD
, CORNWALL , PL14 6EQ |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
12/08/1956 |
|
|
Appointment Date |
01/08/1997 |
|
|
Other Appointments |
PUCKATOR LIMITED |
|
|
SECRETARY |
MS CAROLINE HOWARD |
|
|
Address |
PUCKATOR COTTAGE ST CLEER, , LISKEARD
, CORNWALL , PL14 6EQ |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
06/12/1958 |
|
|
Appointment Date |
01/08/1997 |
Recently Resigned Directors (last
3)
None
Share Summary
|
Share Currency: |
GBP |
||||||||
|
|
|||||||||
|
Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
|
|
|
|
|
|
Caroline Ann Howard |
ORD |
30 |
30.00 |
30.00 |
|
|
|
|
|
|
Mr Matthew Jason Shaw |
ORD |
5 |
5.00 |
5.00 |
|
|
|
|
|
|
Mr Nicholas Mark Howard |
ORD |
65 |
65.00 |
65.00 |
|
|
|
|
|
Mortgages and Charges
|
|
|
|
Total Registered |
3 |
|
Total Outstanding |
3 |
|
Total Satisfied |
0 |
|
Most Recent Mortgage |
26/09/2005 |
|
|
|
|
Date Registered |
27/09/2005 |
|
Type |
395 |
|
Date Created |
26/09/2005 |
|
Lender |
HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER) |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
|
Details |
BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR
PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO AN AGREEMENT FOR
THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY (INCLUDING
ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR
ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
07/03/2001 |
|
Type |
395 |
|
Date Created |
26/02/2001 |
|
Lender |
HSBC BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FHOLD PROPERTY KNOWN AS LOWMAN WORKS,EAST
TAPHOUSE,LISKEARD,CORNWALL WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES
RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE
PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE
PROPERTY ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE
PROPERTY ANY RENTAL AND OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER
INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER
IN RESPECT OF THE PROPERTY |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
26/09/1997 |
|
Type |
395 |
|
Date Created |
24/09/1997 |
|
Lender |
MIDLAND BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
Satisfied? |
No |
|
|
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
|
|
|
|
Activities |
Gift and novelty importers and distribution |
|
Sic Code |
Description |
|
5248 |
Other retail sale in specialised stores |
|
5170 |
Other wholesale |
|
Staff Employed |
12 |
|
Auditors |
Ward Randall Ltd |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
HSBC Bank Plc |
|
Sort Codes |
402822 |
|
Bankers |
Lloyds TSB Bank PLC 8 Royal Parade |
|
Sort Codes |
309668 |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
297,890 |
264,160 |
254,606 |
143,707 |
|
Total Fixed Assets |
292,741 |
254,410 |
254,606 |
141,707 |
|
Intermediate Assets |
5,149 |
- |
- |
- |
|
TOTAL CURRENT ASSETS |
577,507 |
522,419 |
465,616 |
388,182 |
|
Stocks |
389,590 |
368,552 |
319,544 |
199,594 |
|
Trade Debtors |
142,830 |
117,343 |
121,585 |
138,025 |
|
Cash |
45,087 |
36,524 |
24,487 |
50,563 |
|
TOTAL ASSETS |
875,397 |
786,579 |
720,222 |
531,889 |
|
TOTAL CURRENT LIABILITIES |
403,704 |
350,653 |
324,968 |
260,857 |
|
Other Current Liabilities |
403,704 |
335,802 |
324,968 |
260,857 |
|
WORKING CAPITAL |
173,803 |
171,766 |
140,648 |
127,325 |
|
TOTAL LONG TERM LIABS |
65,320 |
85,514 |
105,013 |
66,909 |
|
Other Long Term Liabilities |
65,320 |
85,514 |
105,013 |
66,909 |
|
NET ASSETS/(LIABILITIES) |
471,693 |
435,926 |
395,254 |
271,032 |
|
SHARE CAPITAL + RESERVES |
406,373 |
350,412 |
290,241 |
204,123 |
|
Issued Share Capital |
100 |
100 |
100 |
100 |
|
Reserves |
149 |
- |
- |
- |
|
Profit and Loss account |
406,124 |
350,312 |
290,141 |
204,023 |
|
SHAREHOLDERS FUNDS |
406,373 |
350,412 |
290,241 |
204,123 |
|
CAPITAL EMPLOYED |
471,693 |
435,926 |
395,254 |
271,032 |
|
TANGIBLE NET WORTH |
406,373 |
340,662 |
290,241 |
202,123 |
Key Credit Ratios
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Current Ratio |
1.43 |
1.49 |
1.43 |
1.49 |
|
Quick Ratio |
0.47 |
0.44 |
0.45 |
0.72 |
|
T.N.W/Total Assets |
0.46 |
0.43 |
0.40 |
0.38 |
|
Equity Gearing |
0.06 |
0.04 |
0.03 |
0.03 |
|
Solvency (%) |
115.42 |
128.04 |
148.15 |
162.16 |
Financial Summary
|
Working Capital |
The company's working capital improved in the period by 1%
|
|
Tangible
Net Worth |
Net worth increased by 65,711 during the period and now
stands at GBP 406,373,units |
|
Fixed
Assets |
The subjects fixed assets increased during the period by
GBP 38,331 to GBP 292,741,units and are now 33% of total assets
compared with 32% in the previous period |
|
Long
Term Liabilities |
The company's long term liabilities reduced during the
period by 24% and are now 16% of net worth compared with 25% in the previous
period |
|
Long
Term Liabilities |
Long term liabilities are now 7% of total assets compared
with 11% in 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. |
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 |
|
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%)