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MIRA
INFORM REPORT
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Report Date : |
14.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRS WHOLESALE CO. (HOLDINGS) LIMITED |
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Registered Office : |
24 Bedford Row, London, WC1R 4TQ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
18.12.1991 |
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Com. Reg. No.: |
02673974 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Food Wholesalers. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Holding Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
TRS WHOLESALE CO. (HOLDINGS) LIMITED |
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Ultimate Holding Company |
TRS WHOLESALE CO. (HOLDINGS) LT |
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Trading Address |
SOUTHBRIDGE WAY,THE GREEN,SOUTHALL,UB2 4AX |
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Telephone |
020-8571-3252 |
Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
02673974 |
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Date of Incorporation |
18/12/1991 |
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Registered Office |
24 Bedford Row, London, WC1R 4TQ |
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Date of Last Annual Return to Registry |
18/12/2007 |
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Activities |
Holding company for a group engaged as food wholesalers. |
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Accounts |
The last filed accounts cover the period to 31/12/2006 and were filed
on 02/11/2007 |
Details of the most recent
documents
|
Date Received |
Description |
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18/12/2007 |
Annual Return |
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31/12/2006 |
Financial Statement / Set of Accounts |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
HATIM TAHERALLY SUTERWALLA |
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(One or more of this director's other companies has adverse
information related to it) |
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Occupation |
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Address |
2, GEORGIAN WAY HARROW ON THE HILL , HARROW , MIDDX , HA1 3LF |
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Country of Origin |
BRITISH |
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Date of Birth |
19/10/1940 |
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Appointment Date |
19/12/1991 |
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Other Appointments |
DOWELL TRADING LIMITED, LANDMARK WHOLESALE LIMITED, PICKWICK FOODS
(LONDON) LIMITED, T.R. SUTERWALLA & SONS (HOLDINGS) LIMITED, T.R.
SUTERWALLA (EXPORTS) LIMITED, T.R.SUTERWALLA & SONS LIMITED, TARHOUSE
MANAGEMENT LIMITED, THE TRS GROUP LTD, TRS ASSET MANAGEMENT LTD, TRS CASH
& CARRY (HOLDINGS) LIMITED, TRS CASH & CARRY LIMITED, TRS
INTERNATIONAL FOODS (HOLDINGS) LIMITED, TRS INTERNATIONAL FOODS LIMITED, TRS
INVESTMENTS LIMITED, TRS WHOLESALE CO. (HOLDINGS) LIMITED, TRS WHOLESALE CO.
LIMITED |
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DIRECTOR |
FAKHRUDDIN TAHERALLY SUTERWALLA |
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Occupation |
COMPANY DIRECTOR |
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Address |
6, INGLEBY DRIVE HARROW ON THE HILL , HARROW , MIDDX , HA1 3LE |
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Country of Origin |
BRITISH |
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Date of Birth |
03/02/1938 |
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Appointment Date |
19/12/1991 |
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Other Appointments |
DOWELL TRADING LIMITED, PICKWICK FOODS (LONDON) LIMITED, SOUK
MANAGEMENT LIMITED, T.R. SUTERWALLA & SONS (HOLDINGS) LIMITED, T.R.
SUTERWALLA (EXPORTS) LIMITED, T.R.SUTERWALLA & SONS LIMITED, THE TRS
GROUP LTD, TRS ASSET MANAGEMENT LTD, TRS CASH & CARRY (HOLDINGS) LIMITED,
TRS CASH & CARRY LIMITED, TRS INTERNATIONAL FOODS (HOLDINGS) LIMITED, TRS
INTERNATIONAL FOODS LIMITED, TRS INVESTMENTS LIMITED, TRS WHOLESALE CO.
(HOLDINGS) LIMITED, TRS WHOLESALE CO. LIMITED |
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DIRECTOR |
IQBAL TAHERALLY SUTERWALLA |
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Occupation |
COMPANY DIRECTOR |
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Address |
10, FRINGEWOOD CLOSE , NORTHWOOD , MIDDX , HA6 2TB |
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Country of Origin |
BRITISH |
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Date of Birth |
16/03/1950 |
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Appointment Date |
19/12/1991 |
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Other Appointments |
DOWELL TRADING LIMITED, PICKWICK FOODS (LONDON) LIMITED, T.R.
SUTERWALLA & SONS (HOLDINGS) LIMITED, T.R. SUTERWALLA (EXPORTS) LIMITED,
T.R.SUTERWALLA & SONS LIMITED, THE TRS GROUP LTD, TRS ASSET MANAGEMENT
LTD, TRS CASH & CARRY (HOLDINGS) LIMITED, TRS CASH & CARRY LIMITED,
TRS INTERNATIONAL FOODS (HOLDINGS) LIMITED, TRS INTERNATIONAL FOODS LIMITED,
TRS INVESTMENTS LIMITED, TRS WHOLESALE CO. (HOLDINGS) LIMITED, TRS WHOLESALE
CO. LIMITED |
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DIRECTOR |
MANSOOR TAHERALLY SUTERWALLA |
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Occupation |
COMPANY DIRECTOR |
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Address |
8, INGLEBY DRIVE HARROW ON THE HILL , HARROW , MIDDX , HA1 3LE |
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Country of Origin |
BRITISH |
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Date of Birth |
28/10/1945 |
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Appointment Date |
19/12/1991 |
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Other Appointments |
DOWELL TRADING LIMITED, PICKWICK FOODS (LONDON) LIMITED, T.R.
SUTERWALLA & SONS (HOLDINGS) LIMITED, T.R. SUTERWALLA (EXPORTS) LIMITED,
T.R.SUTERWALLA & SONS LIMITED, THE TRS GROUP LTD, TRS ASSET MANAGEMENT
LTD, TRS CASH & CARRY (HOLDINGS) LIMITED, TRS CASH & CARRY LIMITED,
TRS INTERNATIONAL FOODS (HOLDINGS) LIMITED, TRS INTERNATIONAL FOODS LIMITED,
TRS INVESTMENTS LIMITED, TRS WHOLESALE CO. (HOLDINGS) LIMITED, TRS WHOLESALE
CO. LIMITED |
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DIRECTOR |
SIRAJ TAHERALLY SUTERWALLA |
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Occupation |
COMPANY DIRECTOR |
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Address |
1, AUDLEY ROAD , LONDON , W5 3ES |
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Country of Origin |
BRITISH |
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Date of Birth |
05/11/1944 |
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Appointment Date |
19/12/1991 |
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Other Appointments |
DOWELL TRADING LIMITED, PICKWICK FOODS (LONDON) LIMITED, T.R.
SUTERWALLA & SONS (HOLDINGS) LIMITED, T.R. SUTERWALLA (EXPORTS) LIMITED,
T.R.SUTERWALLA & SONS LIMITED, THE TRS GROUP LTD, TRS ASSET MANAGEMENT
LTD, TRS CASH & CARRY (HOLDINGS) LIMITED, TRS CASH & CARRY LIMITED,
TRS INTERNATIONAL FOODS (HOLDINGS) LIMITED, TRS INTERNATIONAL FOODS LIMITED,
TRS INVESTMENTS LIMITED, TRS WHOLESALE CO. (HOLDINGS) LIMITED, TRS WHOLESALE
CO. LIMITED |
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SECRETARY |
MR HATIM SUTERWALLA |
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Address |
2 GEORGIAN WAY, HARROW ON THE HILL , HARROW , MIDDLESEX , HA1 3LF |
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Country of Origin |
BRITISH |
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Date of Birth |
19/10/1940 |
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Appointment Date |
19/12/1991 |
Recently Resigned Directors (last 3)
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None |
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Public Record Information
Summary of
CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Activities |
Holding company for a group engaged as food wholesalers. |
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Sic Code |
Description |
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5139 |
Non-specialised wholesale of food, beverages and tobacco |
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7415 |
Management activities of holding companies |
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Staff Employed |
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Auditors |
Mehta & Tengra |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
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 |
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Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
Yes |
|
RETAINED PROFITS |
- |
- |
- |
618,145 |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
Yes |
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TOTAL FIXED ASSETS |
200,000 |
200,000 |
200,000 |
1,266,009 |
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Intermediate Assets |
100,000 |
100,000 |
100,000 |
586,921 |
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Intangible Assets |
100,000 |
100,000 |
100,000 |
100,000 |
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TOTAL CURRENT ASSETS |
0 |
0 |
0 |
9,347,478 |
|
TOTAL ASSETS |
200,000 |
200,000 |
200,000 |
10,613,487 |
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TOTAL CURRENT LIABILITIES |
0 |
0 |
100,000 |
3,905,143 |
|
WORKING CAPITAL |
0 |
0 |
0 |
5,442,335 |
|
TOTAL LONG TERM LIABS |
100,000 |
100,000 |
0 |
100,000 |
|
Other Long Term Liabilities |
100,000 |
100,000 |
- |
- |
|
NET ASSETS/(LIABILITIES) |
0 |
0 |
100,000 |
6,708,344 |
|
SHARE CAPITAL + RESERVES |
100,000 |
100,000 |
100,000 |
6,608,344 |
|
Issued Share Capital |
100,000 |
100,000 |
100,000 |
100,000 |
|
Profit and Loss account |
0 |
0 |
0 |
6,500,646 |
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SHAREHOLDERS FUNDS |
100,000 |
100,000 |
100,000 |
6,608,344 |
|
CAPITAL EMPLOYED |
200,000 |
200,000 |
100,000 |
6,708,344 |
|
TANGIBLE NET WORTH |
0 |
0 |
0 |
6,508,344 |
Key Credit Ratios
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Current Ratio |
- |
- |
- |
2.39 |
|
Profit Before Tax |
- |
- |
- |
0.05 |
|
Creditors Days (D.P.O) |
- |
- |
- |
16.66 |
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Quick Ratio |
- |
- |
- |
1.85 |
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Return on Assets |
- |
- |
- |
9.63 |
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T.N.W/Total Assets |
0.00 |
0.00 |
0.00 |
0.61 |
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Return on Capital |
- |
- |
- |
14.25 |
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Working Capital/Sales |
- |
- |
- |
0.00 |
|
Equity Gearing |
0.00 |
0.00 |
- |
- |
|
Stock Turnover |
- |
- |
- |
0.00 |
|
Solvency (%) |
- |
- |
NaN |
61.54 |
Financial Summary
|
Long Term Liabilities |
The company's long term liabilities increased during the period by 0%
and are now Infinity% of net worth compared with Infinity% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 50% of total assets compared with 50% 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 |
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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 |
|
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 |
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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%)