MIRA
INFORM REPORT
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Report Date : |
31.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
MAYUR FOODS LTD |
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Registered Office : |
4 Dryden Street, Leicester, Leicestershire LE1 3QE |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
16.06.1990 |
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Com. Reg. No.: |
02511907 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Bakery Product Manufacturers. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 103,400 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Identification Details
Subject Reported on MAYUR FOODS LTD.
Trading Address 4 DRYDEN ST,LEICESTER,LE1 3QE
Telephone 01162-620720
Average Risk - This company has an average risk status and should be treated with a degree of caution
Credit Limit GBP 103,400
Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.
Contract Limit GBP 932,700
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 02511907
Date of Incorporation 14/06/1990
Registered Office 4 Dryden Street, Leicester, Leicestershire LE1 3QE
Date of Last Annual Return to Registry 14/06/2007
Activities Bakery product manufacturers.
Accounts The last filed accounts cover the period to 30/06/2006 and were filed on 16/02/2007
Recently Filed
Documents
Details of the most recent documents
Date Received Description
14/06/2007 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 PUSHPA PANKHANIA
Occupation DIRECTOR
Address 7, THE COPSE BUSHBY , LEICESTER , LE7 9RW
Country of Origin BRITISH
Date of Birth 25/09/1946
Appointment Date 20/05/1996
Other Appointments MAYUR FOODS LTD.
DIRECTOR SURAJ PANKHANIA
Occupation DIRECTOR
Address 17, LAKEVIEW CHASE HAMILTON , LEICESTER , LE5 1QP
Country of Origin BRITISH
Date of Birth 23/01/1973
Appointment Date 01/05/1995
Other Appointments MAYUR FOODS LTD.
SECRETARY MS PUSHPA PANKHANIA
Address 7 THE COPSE, BUSHBY , LEICESTER , LE7 9RW
Country of Origin BRITISH
Date of Birth 25/09/1946
Appointment Date 14/06/1991
Recently Resigned
Directors (last 3)
DIRECTOR LAXMAN LADHABHAI PANKHANIA
Occupation DIRECTOR
Address 7 , THE COPSE , LEICESTER , - -
Country of Origin BRITISH
Date of Birth 25/12/1939
Resignation Date 30/01/2005
Share Summary
Share Currency: GBP
Priniciple Shareholders: Type Of Share No. of Shares Value %age
Natraj International Holding Ltd 49,900 49,900.00 100.00
Natraj International Holding Ltd 49 49.00 100.00
Mortgages and Charges
Total Registered 4
Total Outstanding 2
Total Satisfied 2
Most Recent Mortgage 08/07/1998
Date Registered 15/07/1998
Type 395
Date Created 08/07/1998
Lender BARCLAYS 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
Date Registered 06/04/1992
Type 395
Date Created 26/03/1992
Lender BARCLAYS 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
Date Registered 26/11/1990
Type 9999
Date Created 06/11/1990
Lender NATRAJ INTERNATIONAL HOLDINGS LIMITED
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? Fully
Date Registered 20/11/1990
Type 9999
Date Created 06/11/1990
Lender JORDAN & SONS LIMITED
Secured On ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details 4 DRYDEN STREET LEICESTER
Satisfied? Fully
Public Record
Information
Summary of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
Activities Bakery product manufacturers.
Sic Code Description
1581 Manufacture of bread; manufacture of fresh pastry goods and cakes
Staff Employed 55
Auditors R Garner & Co
Auditors Notes No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.
Bankers Barclays Bank PLC
Sort Codes 204911
Financial Data
The following figures are shown in units of 000
Profit and Loss
Number of Weeks 52 52 52 52
Accounts Date 30/06/2006 30/06/2005 30/06/2004 30/06/2003
Currency GBP GBP GBP GBP
Consolidated? No No No No
RETAINED PROFITS - - - -
Balance Sheet
Number of Weeks 52 52 52 52
Accounts Date 30/06/2006 30/06/2005 30/06/2004 30/06/2003
Currency GBP GBP GBP GBP
Consolidated? No No No No
TOTAL FIXED ASSETS 755 347 337 455
Total Fixed Assets 755 347 337 455
TOTAL CURRENT ASSETS 1,248 1,351 2,185 2,400
Stocks 209 119 71 65
Trade Debtors 430 309 356 319
Cash 609 924 1,757 2,016
TOTAL ASSETS 2,003 1,698 2,521 2,856
TOTAL CURRENT LIABILITIES 578 381 1,171 1,371
Other Current Liabilities 578 381 1,171 1,371
WORKING CAPITAL 670 971 1,013 1,029
TOTAL LONG TERM LIABS 26 1 47 185
Other Long Term Liabilities 26 1 47 185
NET ASSETS/(LIABILITIES) 1,425 1,318 1,350 1,484
SHARE CAPITAL + RESERVES 1,399 1,316 1,303 1,299
Issued Share Capital 50 50 50 50
Profit and Loss account 1,349 1,266 1,253 1,249
SHAREHOLDERS FUNDS 1,399 1,316 1,303 1,299
CAPITAL EMPLOYED 1,425 1,317 1,350 1,484
TANGIBLE NET WORTH 1,399 1,316 1,303 1,299
Key Credit Ratios
Accounts Date 30/06/2006 30/06/2005 30/06/2004 30/06/2003
Current Ratio 2.16 3.55 1.87 1.75
Quick Ratio 1.80 3.23 1.81 1.70
T.N.W/Total Assets 0.70 0.78 0.52 0.45
Equity Gearing 0.54 13.16 0.28 0.07
Solvency (%) 43.17 29.03 93.48 119.78
Financial Summary
Working Capital The company's working capital decreased in the period by 31%
Tangible Net Worth Net worth increased by 83,000 during the period and now stands at GBP 1,399,000
Fixed Assets The subjects fixed assets increased during the period by GBP 408,000 to GBP 755,000 and are now 38% of total assets compared with 20% in the previous period
Long Term Liabilities The company's long term liabilities increased during the period by 2500% and are now 2% of net worth compared with 0% 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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)