MIRA
INFORM REPORT
|
Report Date : |
14.04.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SOP INTERNATIONAL LIMITED |
|
|
|
|
Registered Office : |
Orland House, Mead Lane, Hertford, Hertfordshire SG13 7AX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2006 |
|
|
|
|
Date of Incorporation : |
21.11.1984 |
|
|
|
|
Com. Reg. No.: |
01865316 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (GB) |
|
|
|
|
Line of Business : |
Holding Company With Subsidiaries engaged as Wholesalers and Packers
of Edible Oil. |
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 126,200 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
Subject Reported on |
SOP INTERNATIONAL LIMITED |
|
Ultimate Holding Company |
SOP INTERNATIONAL LTD |
|
Trading Address |
7 Ashton Fields Rd,Whitehouse Indstl Est,RUNCORN,WA7 3DL |
|
|
|
|
Telephone |
01928-712920 |
|
|
This company has an average risk status and should be treated with a
degree of caution |
|
|
|
|
|
|
Credit Limit |
GBP 126,200 |
|
|
|
Selling to this company? The Credit Limit is the recommended maximum
outstanding debtor exposure at any one time. |
|
|
|
|
|
|
Contract Limit |
GBP 897,200 |
|
|
|
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 |
01865316 |
|
Date of Incorporation |
21/11/1984 |
|
Registered Office |
Orland House, Mead Lane, Hertford, Hertfordshire SG13 7AX |
|
Date of Last Annual Return to Registry |
14/08/2007 |
|
Activities |
Holding company with subsidiaries engaged as wholesalers and packers
of edible oil. |
|
Accounts |
The last filed accounts cover the period to 30/06/2006 and were filed
on 26/03/2007 |
Details of the most recent
documents
|
Date Received |
Description |
|
14/08/2007 |
Annual Return |
|
30/06/2006 |
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 |
SHABIR PATEL |
|
(One or more of this director's other companies has adverse
information related to it) |
|
|
Occupation |
|
|
Address |
4, MARLBOROUGH , DEWSBURY , WEST YORKSHIRE , |
|
Date of Birth |
06/04/1958 |
|
Appointment Date |
27/11/1996 |
|
Other Appointments |
SOP INTERNATIONAL LIMITED, SOUTHERN OIL PRODUCTS (LONDON) LIMITED |
|
DIRECTOR |
LESLEY CAMPBELL |
|
(One or more of this director's other companies has adverse
information related to it) |
|
|
Occupation |
|
|
Address |
HAMELS LODGE , HAMELS PARK , BUNTINGFORD , HERTS , SG9 9NB |
|
Date of Birth |
30/05/1950 |
|
Appointment Date |
31/08/2001 |
|
Other Appointments |
S.O.P. EDIBLES LIMITED, SOP INTERNATIONAL LIMITED, SOUTHERN OIL PRODUCTS
(LONDON) LIMITED |
|
SECRETARY |
MR SHABIR PATEL |
|
Address |
4 MARLBOROUGH, , DEWSBURY , WEST YORKSHIRE |
|
Country of Origin |
BRITISH |
|
Date of Birth |
06/04/1958 |
|
Appointment Date |
01/09/2002 |
Recently Resigned Directors (last 3)
|
|
|
|
DIRECTOR |
LESLEY FRANCES CAMPBELL |
|
Address |
HAMELS LODGE , HAMELS PARK , BUNTINGFORD , HERTS , - - |
|
Date of Birth |
30/05/1950 |
|
Resignation Date |
22/02/2003 |
|
DIRECTOR |
YASH PAL MAYOR |
|
Address |
61 , CHEVIOT GARDENS , LONDON , - - |
|
Date of Birth |
01/04/1936 |
|
Resignation Date |
31/08/2001 |
|
DIRECTOR |
SIRAJ T SUTHERWALLA |
|
Address |
SOUTHBRIDGE WAY , THE GREEN , SOUTHALL , MIDDX , - - |
|
Date of Birth |
05/11/1944 |
|
Resignation Date |
14/08/1998 |
Public Record Information
Summary of
CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
|
|
|
|
Activities |
Holding company with subsidiaries engaged as wholesalers and packers
of edible oil. |
|
Sic Code |
Description |
|
7484 |
Other business activities not elsewhere classified |
|
5138 |
Wholesale of other food including fish, crustaceans and molluscs |
|
7415 |
Management activities of holding companies |
|
Staff Employed |
18 |
|
Auditors |
Morris & Co |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
|
Bankers |
National Westminster Bank PLC |
|
Sort Codes |
010881 |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
31/05/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
Yes |
No |
Yes |
Yes |
|
Net Profit |
249,302 |
- |
198,356 |
142,637 |
|
Dividends Payable |
0 |
- |
0 |
0 |
|
RETAINED PROFITS |
249,302 |
- |
198,356 |
142,637 |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
31/05/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
Yes |
No |
Yes |
Yes |
|
TOTAL FIXED ASSETS |
242,827 |
125,000 |
225,336 |
147,180 |
|
Plant, machinery & equipment |
242,827 |
- |
225,336 |
147,180 |
|
TOTAL CURRENT ASSETS |
4,873,641 |
0 |
3,289,473 |
2,545,587 |
|
Stocks |
1,699,350 |
- |
1,120,201 |
886,864 |
|
Trade Debtors |
2,885,888 |
- |
2,065,889 |
1,563,843 |
|
Other Receivables |
4,019 |
- |
22,612 |
31,739 |
|
Prepaid expenses |
158,836 |
- |
78,958 |
37,820 |
|
Cash |
93,026 |
- |
1,813 |
25,321 |
|
Tax Recoverable |
32,522 |
- |
- |
- |
|
TOTAL ASSETS |
5,116,468 |
125,000 |
3,514,809 |
2,692,767 |
|
TOTAL CURRENT LIABILITIES |
3,458,886 |
1,000 |
2,263,303 |
1,668,470 |
|
Trade Creditors |
1,231,570 |
- |
1,164,010 |
901,567 |
|
Bank Overdraft |
1,511,413 |
- |
710,712 |
545,648 |
|
Other Current Liabilities |
510,632 |
1,000 |
238,870 |
2,924 |
|
Hire Purchase |
43,594 |
- |
38,661 |
40,470 |
|
Accruals & deferred income |
161,677 |
- |
38,756 |
104,054 |
|
WORKING CAPITAL |
1,414,755 |
0 |
1,026,170 |
877,117 |
|
TOTAL LONG TERM LIABS |
42,603 |
0 |
47,756 |
18,903 |
|
Taxation |
3,459 |
- |
- |
934 |
|
Total Hire Purchase / Leasing |
39,144 |
- |
44,297 |
17,969 |
|
NET ASSETS/(LIABILITIES) |
1,657,582 |
124,000 |
1,251,506 |
1,024,297 |
|
SHARE CAPITAL + RESERVES |
1,614,979 |
124,000 |
1,203,750 |
1,005,394 |
|
Issued Share Capital |
100,000 |
100,000 |
100,000 |
100,000 |
|
Profit and Loss account |
1,514,979 |
24,000 |
1,103,750 |
905,394 |
|
SHAREHOLDERS FUNDS |
1,614,979 |
124,000 |
1,203,750 |
1,005,394 |
|
CAPITAL EMPLOYED |
1,657,582 |
124,000 |
1,251,506 |
1,024,297 |
|
TANGIBLE NET WORTH |
1,614,979 |
124,000 |
1,203,750 |
1,005,394 |
Key Credit Ratios
|
Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
31/05/2003 |
|
Current Ratio |
1.41 |
- |
1.45 |
1.53 |
|
Profit Before Tax |
- |
- |
0.02 |
0.02 |
|
Creditors Days (D.P.O) |
- |
- |
43.91 |
42.81 |
|
Quick Ratio |
0.92 |
- |
0.96 |
0.99 |
|
Return on Assets |
- |
- |
7.09 |
7.13 |
|
T.N.W/Total Assets |
0.32 |
0.99 |
0.34 |
0.37 |
|
Return on Capital |
- |
- |
19.91 |
18.74 |
|
Working Capital/Sales |
- |
- |
0.00 |
0.00 |
|
Equity Gearing |
4.67 |
- |
3.48 |
10.76 |
|
Stock Turnover |
- |
- |
0.00 |
0.00 |
|
Solvency (%) |
216.81 |
0.81 |
191.99 |
167.83 |
Financial Summary
|
Working Capital |
The company's working capital improved in the period by NaN% |
|
Tangible Net Worth |
Net worth increased by 1,490,979 during the period and now stands at
GBP 1,614,979,units |
|
Fixed Assets |
The subjects fixed assets increased during the period by GBP NaN to
GBP 242,827,units and are now 5% of total assets compared with NaN% in the
previous period |
|
Long Term Liabilities |
Long term liabilities are now 1% of total assets compared with 0% 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%)