MIRA INFORM REPORT
|
Report Date : |
16.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CARGILL COTTON LIMITED |
|
|
|
|
Registered Office : |
Knowle Hill Park, Fairmile Lane, Cobham, Surrey Kt11 2pd |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
25.05.2007 |
|
|
|
|
Date of Incorporation : |
15.09.2005 |
|
|
|
|
Legal Form : |
Private limited with Share
Capital |
|
|
|
|
Line of Business : |
Agents In
Agricultural & Textile Raw Materials; Live Animals |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
[£] 2,000,000 |
|
|
|
|
Status : |
Very Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Name
CARGILL COTTON LIMITED
Number 05564843
company summary
Phone 01932861000 Type Private limited with Share
Capital
Address KNOWLE
HILL PARK,
FAIRMILE LANE,
COBHAM,
SURREY KT11 2PD Company
Status Active
- Accounts Filed
Postcode KT11
2PD Incorporated
Date 15/09/2005
Todays
Limit [£] 2,000,000
Active CCJ's 0
Value
of CCJ's [£] £0
Number
Of Writs 0
Current
Directors 7
Total
Directorships 168
Trading to Date 25/05/07 31/05/06
Turnover £178,784,000 £185,784,000
Shareholder Funds £18,610,000 £16,820,000
Employees 35 34
Trends
Profitability 
Liquidity 
Shareholders Funds
company information
Registered Address Trading
Address
Telephone Number 01932861000 Telephone Number
TPS Y TPS
Address Address
KNOWLE HILL PARK Knowle
Hill Park
FAIRMILE LANE Fairmile
Lane
COBHAM Cobham
SURREY KT11 2PD KT11
2PD
Web Address cargill.com Incorporation Date 15/09/2005
Type of Accounts Full Accounts Filing Date of Accounts 31/03/2008
Company Type Private
Limited With Share Capital Date of
Latest Accounts 25/05/2007
Annual Return 15/09/2008
Industry:
Trading
of cotton.
SIC Code Description
5111 Agents In Agricultural & Textile Raw Materials; Live
Animals
Mortgage Charges
Outstanding 0 Satisfied 0
Shareholders
Share
Capital 1 Currency Gbp
Secondary Industry
Code Details
SIC Code Description
5111 Agents In Agricultural & Textile Raw
Materials; Live Animals
Mortgage Details
Shareholders Details
Name Shares
Cargill Plc 1 Ordinary Gbp 1.00
Address Telephone
Number TCPS
12 PRINCES
PARADE LIVERPOOL MERSEYSIDE L3 1BG 01512427500
N
Knowle
Hill Park Fairmile Lane Cobham KT11 2PD
accounts
Annual Accounts 05/06-05/07 Change (%) 09/05-05/06
Months 13 - 9
Currency GBP - GBP
Consolidated A/cs N - N
Turnover 178,784,000 -3.8 % 185,784,000
Export 178,184,000 -3.5 % 184,734,000
Cost of Sales 169,628,000 -5.4 % 179,245,000
Gross Profit 9,156,000 40.0 % 6,539,000
Wages & Salaries 2,392,000 113.8 % 1,119,000
Directors Emoluments 487,000 -16.5 % 583,000
Operating Profits 4,897,000 9.2 % 4,486,000
Depreciation 38,000 35.7 % 28,000
Audit Fees 41,000 51.9 % 27,000
Interest Payments 2,465,000 72.6 % 1,428,000
Pre Tax Profit 2,612,000 -26.2 % 3,538,000
Taxation -837,000 11.8 % -949,000
Profit After Tax 1,775,000 -31.4 % 2,589,000
Dividends Payable - - -
Retained Profits 1,775,000 -31.4 % 2,589,000
Balance Sheet
Annual Accounts 05/06-05/07 Change (%) 09/05-05/06
Tangible Assets 241,000 26.8 % 190,000
Intangible Assets - - -
Total Fixed Assets 241,000 26.8 % 190,000
Total Current Assets 42,429,000 -16.5 % 50,837,000
Trade Debtors 9,265,000 -13.2 % 10,675,000
Stocks & WIP 12,184,000 -12.3 % 13,898,000
Cash 1,000 -90.0 % 10,000
Other Debtors 20,979,000 -20.1 % 26,254,000
Increase In Cash -9,000 -190.0 % 10,000
Miscellaneous Current
Assets - - -
Total Assets 42,670,000 -16.4 % 51,027,000
Total Current Liabilities 24,060,000 -29.7
% 34,207,000
Trade Creditors 8,491,000 209.9 % 2,740,000
Bank Loans & Overdrafts - - -
Other Short Term Fin 9,927,000 -59.6
% 24,546,000
Miscellaneous Current
Liabilities 5,642,000 -18.5 % 6,921,000
Other Long Term Fin - - -
Total Long Term Liabilities - - -
Bank Loans & Overdrafts
& LTL - - -
Total Liabilities 24,060,000 -29.7 % 34,207,000
Net Assets 18,610,000 10.6 % 16,820,000
Working Capital 18,369,000 10.5 % 16,630,000
Capitals & Reserves
Annual
Accounts 05/06-05/07 Change (%) 09/05-05/06
Called up Share Capital - - -
P&L Account Reserve 18,610,000 10.6
% 16,820,000
Sundry Reserves - - -
Revaluation Reserve - - -
Shareholder Funds 18,610,000 10.6 % 16,820,000
Net Worth 18,610,000 10.6 % 16,820,000
Annual Accounts 05/06-05/07 Change (%) 09/05-05/06
Net Cashflow from
Operations - - -
Net Cashflow before
Financing - - -
Net Cashflow from Financing - - -
Contingent Liability YES - YES
Capital Employed 18,610,000 10.6 % 16,820,000
No of Employees 35 2.9
% 34
Auditors KPMG LLP
AuditQualification No Adverse Comments
Bankers
BankBranchCode
Annual Accounts 05/06-05/07 09/05-05/06
Pre-tax profit margin % 1.5 % 1.9
%
Current ratio 1.76 1.49
Sales/Net Working Capital 9.73 11.17
Gearing % 0.0 % 0.0 %
Equity in % 43.6 % 33.0 %
Creditor Days 17.29 5.38
Debtor Days 18.86 20.97
Liquidity/Acid Test 1.26 1.08
Return On Capital Employed
% 14.0
% 21.0 %
Return On Total Assets
Employed % 6.1
% 6.9 %
Current Debt Ratio % 1.3 % 2.0
%
Total Debt Ratio % 1.3 % 2.0
%
Stock Turnover Ratio % 6.8 % 7.5
%
Return on Net Assets
Employed % 14.0
% 21.0 %
group structure
Ultimate
Parent Company CARGILL
INCORPORATED
Companies
in Group 103
Company
Name Registered Number Latest Annual Accounts
CARGILL INCORPORATED U.S.A. N/A
BLACK RIVER ASSET MANAGEMENT LLC U.S.A. N/A
BLACK RIVER ASSET MANAGEMENT (UK) LIMITED 04866660 31/05/2008
BLACK RIVER GLOBAL FUND SERVICES LLC U.S.A. N/A
LACROSSE GLOBAL FUND SERVICES (UK) LIMITED 04866655 31/05/2008
CARGILL FOOD SYSTEMS LIMITED 04988211 31/05/2007
CARGILL FLAVOR SYSTEMS (UK) LIMITED 00358462 31/05/2007
DUCKWORTH GROUP LTD. 01570423 31/05/2008
CLAYTON & JOWETT LIMITED 00057309 31/05/2008
F & C INTERNATIONAL (1993) LIMITED 00493637 31/05/2008
DUCKWORTH & BEVAN LIMITED 00293217 31/05/2008
DUCKWORTH & CO. (VENTURES) LIMITED 01398713 31/05/2008
JAMES R. STEVENSON FLAVOURS LIMITED 01533414 31/05/2008
CARGILL HOLDINGS 00986532 31/05/2007
GREEN HERCULES TRADING LIMITED 06236632 N/A
CARGILL FINANCIAL MARKETS PLC 02496185 31/05/2008
CARGILL FINANCE LIMITED 02671799 31/05/2007
ENDON EUROPE POWER 5 LIMITED 03676389 31/12/2006
ENDON EUROPE POWER 4 LIMITED 03618551 31/12/2006
ENDON EUROPE POWER 3 LIMITED 03618549 31/12/2006
ENDON EUROPE POWER 6 LIMITED 03688800 31/12/2006
CARGILL GLOBAL FUNDING PLC 02857033 31/05/2008
CARGILL INVESTMENTS HOLDINGS LIMITED 03577241 31/05/2007
CARGILL INVESTMENTS 03020786 31/05/2007
FAIRSTONE PROPERTY LIMITED 03456230 31/05/2006
FAIRSTONE FUNDING LIMITED 03456255 31/05/2007
WOLVERTON PROPERTIES LIMITED 04547692 31/05/2007
AIRCRAFT LEASING STRATEGIES LIMITED 05503697 31/05/2007
CFM II LIMITED 02856228 31/05/2007
ENDON EUROPE POWER 1 LIMITED 03576574 31/12/2006
CARGILL PROPERTY INVESTMENTS 04780598 31/05/2007
KINGSTREET MEDIA (SONGS) 1 LIMITED 05268168 31/05/2007
ENERGY CREDIT STRATEGIES LIMITED 05275538 31/05/2007
BIRTLEY ROAD PROPERTIES LIMITED 05272842 31/05/2006
FRONTIER ESTATES (MAGNA PARK) LTD 04840009 31/05/2006
FRONTIER ESTATES (AYLESBURY) LIMITED 04993040 31/05/2007
ORDERBIDE II LIMITED 05019363 31/05/2007
ORDERBIDE LIMITED 05018811 31/05/2007
POCKET LIVING (HOLDINGS) LIMITED 05281651 31/05/2007
POCKET LIVING (BATH ROAD) LIMITED 05535474 31/05/2007
POCKET LIVING (WEEDINGTON ROAD) LIMITED 05760718 31/05/2007
POCKET LIVING (SUDBURY ARMS) LIMITED 05273964 31/05/2007
QUADRANT ESTATES (ELDERGATE) LIMITED 04867250 31/05/2006
FAIRMILE PORTFOLIO MANAGEMENT LIMITED 02892770 31/05/2007
THE FAIRMILE LIMITED PARTNERSHIP LP008172 31/05/2005
WHBE LIMITED 04202057 31/05/2008
FAIRMILE GENERAL PARTNER 1 LIMITED 04364928 31/05/2007
CARGILL PORTFOLIO INVESTMENTS LIMITED 04364934 31/05/2007
WOX LIMITED 04448089 31/05/2008
CRY LIMITED 04499180 31/05/2008
CTY LIMITED 04618673 31/05/2008
CATX LIMITED 04087172 31/05/2008
CREDIT FINANCE CORPORATION LIMITED 03261142 31/05/2008
FININ LIMITED 03487655 31/05/2008
MIROM LIMITED 03817328 31/05/2008
MIROMESNIL LIMITED 03695808 31/05/2008
PLATFORM FINANCE LIMITED 02334932 31/05/2008
TRANSALP LIMITED 04137977 31/05/2008
UHR LIMITED 03735337 31/05/2008
FINNEX HOLDINGS LIMITED 05085925 31/05/2007
MOORGATE INSURANCE COMPANY LIMITED 00147862 31/12/2007
FRONTIER ESTATES (CHIPPENHAM 1) LIMITED 04407169 31/05/2006
FRONTIER ESTATES (CHIPPENHAM 2) LIMITED 04407434 31/05/2006
FRONTIER ESTATES (RUGBY) LIMITED 04597116 31/05/2006
HAMALT PROPERTIES LIMITED 03376294 31/05/2003
KNOWLE PORTFOLIO INVESTMENTS LIMITED 04079663 31/05/2007
LINEN HOUSE PROPERTIES LIMITED 04572412 31/05/2006
PRINCETON MEWS LIMITED 04611443 31/05/2006
QUADRANT BUSINESS PARKS LIMITED 04190264 31/05/2006
FYFIELD BUSINESS AND RESEARCH PARK LIMITED 04310579 31/05/2006
CARGILL PLC 01387437 31/05/2007
CARGILL POULTRY LIMITED 00170526 26/05/2007
CARGILL FOODS LIMITED 00222999 26/05/2007
CARGILL PENSION TRUSTEES LIMITED 01637038 31/05/2007
FREEMAN'S OF NEWENT (HOLDINGS) LIMITED 01752859 31/03/2007
FREEMANS OF NEWENT LIMITED 00745426 31/03/2007
CARGILL PROPERTIES LIMITED 02560664 31/05/2007
SCB AGRICULTURE (SANDY) LIMITED 04132851 31/05/2008
BANKS CARGILL AGRICULTURE HOLDINGS LIMITED 04147345 31/05/2008
CARGILL COTTON LIMITED<<< 05564843 25/05/2007
BANKS CARGILL AGRICULTURE HOLDINGS LIMITED 04147345 31/05/2008
BANKS CARGILL AGRICULTURE LIMITED 04147351 31/05/2007
SIDNEY C BANKS LIMITED 00495831 31/05/2008
TECHNICROP LIMITED 01905307 31/05/2008
WELLS AGRICULTURE LIMITED 03188958 31/05/2008
BRITISH COTTON GROWING ASSOCIATION
LIMITED(THE) 01040216 31/05/2007
CARGILL INTEGRA (UK) LIMITED 04299360 26/05/2007
CARGILL INTEGRA (WALES) LIMITED 02404913 26/05/2007
CARGILL TEXTURIZING SOLUTIONS UK LIMITED 01365598 31/05/2008
CHICKENS 'R' US LIMITED 03113537 26/05/2007
EASTERN POULTRY SUPPLIES LIMITED 03113680 26/05/2007
FRONTIER AGRICULTURE LIMITED 05288567 30/06/2008
LOWESMOOR FOODS LIMITED 03113684 26/05/2007
MEADOWFIELDS LIMITED 03113549 26/05/2007
POULTRY MEAT TRADING LIMITED 03113540 26/05/2007
SUN VALLEY FOODS LIMITED 00678294 26/05/2007
SUN VALLEY POULTRY LIMITED 00040149 25/05/2007
THAI FOODS LIMITED 03113543 26/05/2007
CARGILL INTEGRA (IRELAND) LIMITED IE355176 26/05/2007
CARGILL TARIM VE GIDA SANAYI TICARET TURKEY N/A
EAST MEDITERRANEAN TRADING LIMITED 03656234 31/05/2007
CERESTAR HOLDING BV NETHERLANDS N/A
CERESTAR UK LTD 02141797 31/05/2007
Status History
Date Description
No Status History
Event History
Date Description
25/09/2008 Annual Returns
10/04/2008 New Accounts Filed
07/01/2008 John Reynolds Details Have Changed
25/09/2007 Annual Returns
10/04/2007 New Accounts Filed
14/10/2005 New Board Member (colin Richardiles)
Appointed
14/10/2005 New Board Member (paul Kinney) Appointed
14/10/2005 New Board Member (andrew Nielthomas)
Appointed
14/10/2005 New Board Member (andrew
Stephenhursthouse) Appointed
20/09/2005 New Board Member (john Christopherreynolds)
Appointed
20/09/2005 New Board Member (robin Davidthurston)
Appointed
19/09/2005 Change Of Name
19/09/2005 Change In Reg.office
19/09/2005 Change Of Company Postcode
directors
Name Colin Richard Iles
Address 17 Blundellsands Road
West
Blundellsands
Liverpool
Merseyside
L23 6TE
Officers
Title Mr Date Of
Birth 24/08/1973
Honours Present
Appointments 1
Appointment
Date 30/09/2005 Function Director
Name Paul Kinney
Address 2 Prestwick Drive
Blundellsands
Merseyside
L23 7XB
Officers
Title Mr Date Of
Birth 01/02/1959
Honours Present
Appointments 1
Appointment
Date 30/09/2005 Function Director
Name Andrew Stephen Hursthouse
Address 9 Hoscote Park
West Kirby
Wirral
Cheshire
Officers
Title Mr Date Of Birth 07/05/1972
Honours Present
Appointments 3
Appointment
Date 30/09/2005 Function Director
Name Andrew Neil Thomas
Address Springfield
Plough Lane, Christleton
Chester
CH3 7PT
Officers
Title Mr Date Of
Birth 04/07/1956
Honours Present
Appointments 2
Appointment
Date 30/09/2005 Function Director
Name John Christopher Reynolds
Address Suite Stable
Cottage
Upper House Lane Shamley Green
Guildford
Surrey
GU5 0SX
Officers
Title Mr Date Of
Birth 27/03/1950
Honours Present
Appointments 6
Appointment
Date 15/09/2005 Function Director
Name Robin David Thurston
Address Leigh House
Leigh Place
Cobham
Surrey
KT11 2HL
Officers
Title Mr Date Of
Birth 01/03/1951
Honours Present
Appointments 155
Appointment
Date 15/09/2005 Function Company Secretary
Name Robin David Thurston
Address Leigh House
Leigh Place
Cobham
Surrey
KT11 2HL
Officers
Title Mr Date Of
Birth 01/03/1951
Honours Present
Appointments 155
Appointment
Date 15/09/2005 Function Director
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.33 |
|
UK Pound |
1 |
Rs.73.92 |
|
Euro |
1 |
Rs.66.69 |
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%)