MIRA
INFORM REPORT
|
Report Date : |
29.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
INNOVIA FILMS LIMITED |
|
|
|
|
Registered Office : |
The Coach House, West St, Wigton Cumbria CA7 9PD |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
09.01.1933 |
|
|
|
|
Com. Reg. No.: |
00271998 |
|
|
|
|
Legal Form : |
Public Limited Liability Company (GB) |
|
|
|
|
Line of Business : |
Manufacturers of Packaging Films |
RATING &
COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
GBP 3,852,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
|
|
|
Subject Reported on |
INNOVIA FILMS LIMITED |
|
Holding Company |
Innovia Films (Holding 1) Ltd |
|
Ultimate Holding Company |
INNOVIA FILMS (HOLDING 1) LTD |
|
Trading Address |
STATION RD,WIGTON,CA7 9BG |
|
|
|
|
Telephone |
01697-342281 |
|
|
|
|
|
|
There is a high degree of confidence this company will prove good for
the assigned Credit Limit |
|
|
|
|
|
|
Credit Limit |
GBP 3,852,000 |
|
|
|
Selling to this company? The Credit Limit is the recommended maximum outstanding
debtor exposure at any one time. |
|
|
|
|
|
|
Contract Limit |
GBP 44,616,000 |
|
|
|
Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
|
Official Company Data
|
|
|
|
Legal Form |
Public Limited Liability Company (GB) |
|
Registration Number |
00271998 |
|
Date of Incorporation |
09/01/1933 |
|
Registered Office |
The Coach House, West St, Wigton Cumbria CA7 9PD |
|
Date of Last Annual Return to Registry |
20/07/2008 |
|
Activities |
Manufacturers of packaging films |
|
Accounts |
The last filed accounts cover the period
to 31/12/2006 and were filed on 19/10/2007 with Companies House. |
Recently Filed Documents
Details of the
most recent documents
|
Date Received |
Description |
|
20/07/2008 |
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 |
COMPANY DIRECTOR |
||
|
Address |
13, ST AIDAN'S ROAD , CARLISLE , CA1 1LS |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
16/11/1939 |
||
|
Appointment Date |
20/07/1992 |
||
|
Other Appointments |
BRITISH NUCLEAR FUELS PLC , INNOVIA CELLOPHANE
LIMITED, INNOVIA DUMFRIES PENSION TRUSTEE LIMITED, INNOVIA FILMS
LIMITED, INNOVIA SIDAC LIMITED, INNOVIA SIDEX
LIMITED, SPIRITSWEET LIMITED, UCB BRITISH PENSION TRUST LIMITED, WEST
CUMBRIA DEVELOPMENT AGENCY LIMITED, WEST CUMBRIA DEVELOPMENT FUND
LIMITED |
||
|
DIRECTOR |
|
||
|
Occupation |
OPERATIONS DIRECTOR |
||
|
Address |
STANDINGSTONE CARLISLE ROAD , DALSTON , CARLISLE
, CA5 7LL |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
11/06/1947 |
||
|
Appointment Date |
03/03/1999 |
||
|
Other Appointments |
INNOVIA BRIDGWATER PENSION TRUSTEE LIMITED, INNOVIA BRITISH
PENSION TRUSTEE LIMITED, INNOVIA CELLOPHANE LIMITED, INNOVIA
DUMFRIES PENSION TRUSTEE LIMITED, INNOVIA FILMS (HOLDING 1) LIMITED, INNOVIA
FILMS (HOLDING 3) LIMITED, INNOVIA FILMS LIMITED, INNOVIA SIDAC
LIMITED, INNOVIA SIDEX LIMITED |
||
|
DIRECTOR |
|
||
|
Occupation |
OPERATIONS DIRECTOR |
||
|
Address |
1, HIGHFIELD PARK , WIGTON , CUMBRIA
, CA7 9DJ |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
26/12/1949 |
||
|
Appointment Date |
03/03/1999 |
||
|
Other Appointments |
INNOVIA CELLOPHANE LIMITED, INNOVIA FILMS (HOLDING 1)
LIMITED, INNOVIA FILMS (HOLDING 3) LIMITED, INNOVIA FILMS
LIMITED, INNOVIA SIDAC LIMITED, INNOVIA SIDEX LIMITED |
||
|
DIRECTOR |
|
||
|
Occupation |
DIRECTOR |
||
|
Address |
THE GHYLL , GOTE ROAD , COCKERMOUTH , CUMBRIA
, CA13 0NJ |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
11/08/1952 |
||
|
Appointment Date |
20/03/2007 |
||
|
Other Appointments |
INNOVIA FILMS (COMMERCIAL) LIMITED, INNOVIA FILMS (HOLDING 1)
LIMITED, INNOVIA FILMS (HOLDING 2) LIMITED, INNOVIA FILMS (HOLDING
3) LIMITED, INNOVIA FILMS LIMITED |
||
|
DIRECTOR |
|
||
|
Occupation |
DIRECTOR |
||
|
Address |
BOWSCAR HALL , BOWSCAR , PENRITH , CUMBRIA
, CA11 8RY |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
20/12/1958 |
||
|
Appointment Date |
20/03/2007 |
||
|
Other Appointments |
HUNTER HALL SCHOOL , INNOVIA FILMS (COMMERCIAL)
LIMITED, INNOVIA FILMS (HOLDING 1) LIMITED, INNOVIA FILMS (HOLDING
2) LIMITED, INNOVIA FILMS (HOLDING 3) LIMITED, INNOVIA FILMS
LIMITED |
||
|
SECRETARY |
MR DAVID HORTON |
||
|
Address |
3 HOWGILL CLOSE, BOLTON LOW HOUSES , WIGTON , CUMBRIA
, CA7 8PG |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
29/10/1965 |
||
|
Appointment Date |
30/11/2000 |
Recently Resigned Directors (last
3)
|
|
|
|
DIRECTOR |
BARON GEORGES JACOBS |
|
Occupation |
COMPANY DIRECTOR |
|
Address |
POVERSTRAAT 5 1881 , MERCHTEM , - - |
|
Country of Origin |
BELGIAN |
|
Date of Birth |
14/09/1940 |
|
Resignation Date |
30/09/2004 |
|
DIRECTOR |
MR BEN CHARLES VAN ASSCHE |
|
Occupation |
DIRECTOR |
|
Address |
, HOF TER , GRIMBERGEN , BELGIUM , - - |
|
Date of Birth |
26/02/1946 |
|
Resignation Date |
30/09/2004 |
|
DIRECTOR |
FRANK ARANZANA |
|
Occupation |
DIRECTOR |
|
Address |
BLOEMENDAL 29 1650 , BERSEL , BELGIUM , - - |
|
Date of Birth |
21/08/1958 |
|
Resignation Date |
30/09/2004 |
Share Summary
|
Share Currency: |
GBP |
||||||||
|
|
|||||||||
|
Principal Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
|
|
|
|
|
|
Innovia Films (Holding 1) Ltd |
ORD |
34,700,000 |
34,700,000.00 |
100.00 |
|
|
|
|
|
Mortgages and Charges
|
|
|
|
Total Registered |
10 |
|
Total Outstanding |
4 |
|
Total Satisfied |
6 |
|
Most Recent Mortgage |
17/05/2007 |
|
|
|
|
|
|
|
Date Registered |
30/05/2007 |
|
Type |
395 |
|
Date Created |
17/05/2007 |
|
Lender |
ABN AMRO BANK N.V. (AS SECURITY TRUSTEE) |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY OR ANY OBLIGOR TO THE
CHARGEE AND TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF
THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Details |
THE MORTGAGED PROPERTY BEING LAND TO SOUTH EAST OF LEACH LANE, ST HELENS
(SPORTS FIELD) TNO MS 428086; LAND AT BRACKENLANDS, WIGTON (FIELD CONTAINING
BOREHOLE AND PUMP) TNO CU154417; LAND AT RAYOPHANE WORKS, WIGTON
(MANUFACTURING SITE) TNO CU154420, FOR DETAILS OF FURTHER PROPERTIES CHARGED
PLEASE REFER TO FORM 395, AND ANY BUILDINGS, FIXTURES, FITTINGS, FIXED PLANT
OR MACHINERY AND INCLUDES ALL RELATED RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
30/05/2007 |
|
Type |
395 |
|
Date Created |
17/05/2007 |
|
Lender |
ABN AMRO BANK N.V. (AS SECURITY TRUSTEE) |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY OR ANY OBLIGOR TO THE
CHARGEE AND TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF
THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
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 SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
12/10/2004 |
|
Type |
395 |
|
Date Created |
30/09/2004 |
|
Lender |
ABN AMRO BANK N.V. (AS SECURITY TRUSTEE) |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY FORMERLY KA SURFACE SPECIALTIES
LIMITED AS AN OBLIGOR, OR ANY OBLIGOR TO THE CHARGEE OR TO ANY FINANCE PARTY
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE
CHARGE |
|
Details |
PROPERTY KA LAND TO SOUTH EAST OF LEACH LANE, ST HELENS (SPORTS FIELD)
MERSEYSIDE ST HELENS TNO MS428086,LAND TO SOUTH EAST OF BAXTERS LANE, SUTTON
(UNDEVELOPED LAND) MERSEYSIDE ST HELENS TNO MS437766,LAND AT BRACKENLANDS,
WIGTON (FIELD CONTAINING BOREHOLE AND PUMP) CUMBRIA ALLERDALE TNO CU154417
FOR DETAILS OF FURTHER PROPERTIES CHARGED PLEASE REFER TO FORM 395 SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
11/10/2004 |
|
Type |
395 |
|
Date Created |
30/09/2004 |
|
Lender |
ABN AMRO BANK N.V. (AS SECURITY TRUSTEE) |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY (FORMERLY KNOWN AS
SURFACE SPECIALTIES LIMITED) AS AN OBLIGOR OR ANY OBLIGOR TO THE CHARGEE AND
ANY FINANCE PARTY UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
|
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 SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
21/12/1984 |
|
Type |
9999 |
|
Date Created |
10/12/1984 |
|
Lender |
MIDLAND BANK PLC |
|
Secured On |
UNDER THE TERMS OF THE CHARGE ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE |
|
Details |
FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING UNCALLED CAPITAL |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
20/12/1984 |
|
Type |
9999 |
|
Date Created |
10/12/1984 |
|
Lender |
BANQUE BRUXDLES LAMBERT SA |
|
Secured On |
UNDER THE TERMS OF THE CHARGE ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE |
|
Details |
FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING UNCALLED CAPITAL |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
19/12/1984 |
|
Type |
9999 |
|
Date Created |
10/12/1984 |
|
Lender |
BANQUE BELGE LIMITED |
|
Secured On |
UNDER THE TERMS OF THE CHARGE ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE |
|
Details |
FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING UNCALLED CAPITAL |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
24/09/1981 |
|
Type |
9999 |
|
Date Created |
07/09/1981 |
|
Lender |
J HENRY SCHRODER |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEES
PURSUANT TO A LETTER OF CREDIT NO B5678 DATED 14.8.81 |
|
Details |
FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY PRESENT AND FUTURE
INCLUDING GOODWILL UNCALLED CAPITLA (PLEASE SEE DOCM 168) |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
18/09/1981 |
|
Type |
9999 |
|
Date Created |
09/09/1981 |
|
Lender |
THE LAW DEBENTURE CORPROATION LIMITED |
|
Secured On |
DEBENTURE STOCK OF BRITISH SIDAC LIMITED AMOUNTING TO 2500,000 AND ALL
OTHER MONIES INTENDED TO BE SECURED BY A TRUST DEED DATED 11TH DECEMBER 1963
AND DEEDS SUPPLEMENTAL THERETO. |
|
Details |
FIRST FIXED & SPECIFIC CHARGE ON 105,000 ORDINARY SHARES OF 1 IN
PARCEL CONVERTERS LTD. 50,000 SHARES OF 1 IN T & R GRAHAM LTD. 100 ORDINARY
SHARES OF UKP 1 IN BRITISH RAYOPHONE (OVERSEAS) LTD 10 SHARES OF 1 IN SPS
DESIGN ASSOCIATES LTD TOGETHER WITH ALL RIGHTS & INTEREST OF THE COMPANY
IN SUCH SHARES & ALL RIGHTS WHICH MAY ACCRUE IN RESPECT THEREOF. |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
18/09/1981 |
|
Type |
9999 |
|
Date Created |
07/09/1981 |
|
Lender |
MIDLAND BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
|
Details |
FLOATING CHARGE ON (PLEASE SEE DOC M166) UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL |
|
Satisfied? |
Fully |
Public Record Information
Summary of
CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
|
|
Activities |
Manufacturers of packaging films |
|
Sic Code |
Description |
|
3663 |
Other manufacturing not elsewhere classified |
|
Staff Employed |
859 |
|
Auditors |
Deloitte & Touche LLP |
|
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 |
400530 |
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 |
000 |
000 |
000 |
000 |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
164,616 |
163,496 |
162,259 |
167,576 |
|
Export Sales |
133,099 |
127,868 |
126,493 |
- |
|
Cost of goods sold |
131,163 |
130,129 |
130,872 |
136,144 |
|
GROSS PROFIT |
33,453 |
33,367 |
31,387 |
31,432 |
|
Other Expenses |
14,145 |
13,331 |
14,886 |
17,319 |
|
General administration costs (-) |
8,506 |
10,640 |
13,251 |
9,522 |
|
Wages and Salaries |
29,465 |
30,272 |
35,232 |
33,361 |
|
Depreciation |
8,427 |
8,770 |
11,250 |
12,564 |
|
Other operating charges |
209 |
12,844 |
- |
- |
|
Net Operating Profit(Loss) |
10,593 |
-3,448 |
5,675 |
4,591 |
|
Non Trading Income |
504 |
228 |
131 |
271 |
|
Other financial income |
4,834 |
5,823 |
4,091 |
- |
|
Total Non Trading Income |
5,338 |
6,051 |
4,222 |
271 |
|
Interest expenses & similar (-) |
7,336 |
8,309 |
3,542 |
4,265 |
|
Financial Expenses |
7,336 |
8,309 |
9,172 |
10,941 |
|
PRE TAX PROFIT |
8,595 |
-5,706 |
725 |
-6,079 |
|
Other Taxation |
430 |
-1,667 |
674 |
-1,946 |
|
Taxation |
0 |
0 |
0 |
0 |
|
PROFIT AFTER TAX |
8,165 |
-4,039 |
51 |
-4,133 |
|
Net Profit |
8,165 |
- |
51 |
- |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
8,165 |
- |
51 |
- |
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 |
000 |
000 |
000 |
000 |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
137,281 |
143,652 |
145,810 |
100,909 |
|
Land & buildings |
20,473 |
19,612 |
22,856 |
12,963 |
|
Plant, machinery & equipment |
77,936 |
82,158 |
84,082 |
49,074 |
|
Intermediate Assets |
38,872 |
38,872 |
38,872 |
38,872 |
|
TOTAL CURRENT ASSETS |
69,424 |
71,849 |
69,641 |
63,952 |
|
Stocks |
25,126 |
21,553 |
26,906 |
25,208 |
|
Trade Debtors |
21,944 |
22,991 |
21,193 |
20,977 |
|
Other Receivables |
798 |
400 |
1,260 |
2,687 |
|
Prepaid expenses |
1,509 |
929 |
2,040 |
637 |
|
Group Loans |
8,812 |
11,385 |
11,860 |
9,647 |
|
Cash |
10,664 |
13,222 |
4,260 |
4,796 |
|
Tax Recoverable |
571 |
1,369 |
2,122 |
- |
|
TOTAL ASSETS |
206,705 |
215,501 |
215,451 |
164,861 |
|
TOTAL CURRENT LIABILITIES |
50,651 |
56,260 |
85,039 |
145,391 |
|
Trade Creditors |
20,237 |
16,613 |
15,963 |
5,680 |
|
Bank Overdraft |
6,653 |
6,170 |
8,838 |
643 |
|
Taxes |
680 |
743 |
717 |
2,153 |
|
Other Current Liabilities |
3,438 |
6,087 |
6,082 |
12,232 |
|
Due From Group |
16,206 |
23,901 |
53,439 |
124,683 |
|
Accruals & deferred income |
3,437 |
2,746 |
- |
- |
|
WORKING CAPITAL |
18,773 |
15,589 |
-15,398 |
-81,439 |
|
TOTAL LONG TERM LIABS |
89,130 |
102,449 |
69,308 |
0 |
|
Taxation |
788 |
- |
1,508 |
- |
|
Mortgages and loans |
43,403 |
53,545 |
61,581 |
- |
|
Debts to group companies |
38,872 |
- |
- |
- |
|
Other Long Term Liabilities |
6,067 |
10,032 |
6,219 |
- |
|
NET ASSETS/(LIABILITIES) |
156,054 |
159,241 |
130,412 |
19,470 |
|
SHARE CAPITAL + RESERVES |
66,924 |
56,792 |
61,104 |
19,470 |
|
Issued Share Capital |
34,700 |
35,250 |
35,250 |
35,250 |
|
Share Premium Accounts |
2,087 |
2,087 |
2,087 |
2,087 |
|
Reserves |
39,132 |
43,580 |
48,125 |
- |
|
Profit and Loss account |
-8,995 |
-24,125 |
-24,358 |
-17,867 |
|
SHAREHOLDERS FUNDS |
66,924 |
56,792 |
61,104 |
19,470 |
|
CAPITAL EMPLOYED |
156,054 |
159,241 |
130,412 |
19,470 |
|
TANGIBLE NET WORTH |
66,924 |
56,792 |
61,104 |
19,470 |
Key Credit Ratios
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Current Ratio |
1.37 |
1.28 |
0.82 |
0.44 |
|
Profit Before Tax |
0.05 |
-0.03 |
0.00 |
-0.04 |
|
Creditors Days (D.P.O) |
56.32 |
46.60 |
44.52 |
15.23 |
|
Quick Ratio |
0.87 |
0.89 |
0.50 |
0.27 |
|
Return on Assets |
5.12 |
-3.29 |
0.41 |
-4.83 |
|
T.N.W/Total Assets |
0.32 |
0.26 |
0.28 |
0.12 |
|
Return on Capital |
5.51 |
-3.58 |
0.56 |
-31.22 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.01 |
0.06 |
0.08 |
- |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
208.87 |
279.46 |
252.60 |
746.74 |
Financial Summary
|
Turnover |
Turnover increased by 1% in the period. Turnover totalled GBP
164,616,000 for the period. |
|
Operating Profit |
Totalled GBP 10,593,000 In the period prior a loss of GBP
3,448,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 8,595,000 compared with a loss
of GBP 5,706,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by 20% |
|
Tangible Net Worth |
Net worth increased by 10,132,000 during the period and now stands at
GBP 66,924,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
3,361,000 to GBP 98,409,000 and are now 48% of total assets
compared with 47% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities reduced during the period by 13%
and are now 133% of net worth compared with 180% in the previous period |
|
Long Term Liabilities |
Long term liabilities are now 43% of total assets compared with 48% in
the previous period |
Previous Searches on this Company
|
|
||
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
3 |
4 |
9 |
|
|
||
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.49 |
|
UK Pound |
1 |
Rs.84.21 |
|
Euro |
1 |
Rs.66.33 |
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%)