MIRA
INFORM REPORT
|
Report Date : |
20.02.2008 |
IDENTIFICATION
DETAILS
|
Name : |
HOLBUD LTD |
|
|
|
|
Registered Office : |
66 Leman St, London E1 8EU |
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|
|
|
Country : |
United Kingdom |
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|
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|
Financials (as on) : |
31/10/2006 |
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|
Date of Incorporation : |
06/09/1977 |
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Com. Reg. No.: |
01328840 |
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|
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|
Legal Form : |
Private Limited Liability Company (GB) |
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|
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|
Line of Business : |
Commodity traders dealing principally in animal foodstuffs
and spices. Subject also acts as ship managers currently managing 4
vessels. |
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 : |
GBP 2451800 |
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|
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|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
Company Identification Details
|
Subject Reported on |
HOLBUD LIMITED |
|
Ultimate Holding Company |
HOLBUD LTD |
|
Trading Address |
66 LEMAN ST,LONDON,E1 8EU |
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Telephone |
020-7488-4901 |
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Very Low Risk - There is every confidence this company
will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 2,451,800 |
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|
|
Selling to this company? The Credit Limit is the recommended
maximum outstanding debtor exposure at any one time. |
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|
|
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Contract Limit |
GBP 24,475,600 |
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|
|
Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
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Official Company Data
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
01328840 |
|
Date of Incorporation |
06/09/1977 |
|
Registered Office |
66 Leman St, London E1 8EU |
|
Date of Last Annual Return to Registry |
12/05/2007 |
|
Activities |
Commodity traders dealing principally in animal foodstuffs
and spices. Subject also acts as ship managers currently managing 4
vessels. |
|
Accounts |
The last filed accounts cover the period to 31/10/2006 and
were filed on 05/09/2007 |
Recently Filed Documents
Details of the most recent documents
|
Date
Received |
Description |
|
12/05/2007 |
Annual Return |
|
31/10/2006 |
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 |
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||
|
Occupation |
|
||
|
Address |
18, HALLAND WAY , NORTHWOOD , MIDDX
, HA6 2AG |
||
|
Date of Birth |
25/04/1960 |
||
|
Appointment Date |
24/05/1992 |
||
|
Other Appointments |
HOLBUD LIMITED, SUGARICE LIMITED |
||
|
DIRECTOR |
|
||
|
Occupation |
MANAGER |
||
|
Address |
77, KINGSFIELD AVENUE NORTH HARROW , HARROW
, MIDDX , HA2 6AQ |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
15/02/1941 |
||
|
Appointment Date |
24/05/1992 |
||
|
Other Appointments |
HOLBUD INVESTMENTS LIMITED, HOLBUD LIMITED, HOLBUD
SHIP MANAGEMENT LIMITED, SUGARICE LIMITED |
||
|
DIRECTOR |
|
||
|
Occupation |
ACCOUNTANT |
||
|
Address |
35, TIVERTON ROAD , BASINGSTOKE , HANTS
, RG23 8EU |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
30/04/1941 |
||
|
Appointment Date |
03/10/1991 |
||
|
Other Appointments |
EFFORSENRAB (28) LIMITED, EFFORSENRAB (29)
LIMITED, HOLBUD LIMITED, HOLBUD SHIP MANAGEMENT LIMITED, SUGARICE
LIMITED |
||
|
SECRETARY |
MR BIMAL SABARWAL |
||
|
Address |
19 HOLMWOOD GROVE, , LONDON , NW7 3DS |
||
|
Country of Origin |
INDIAN |
||
|
Date of Birth |
23/09/1944 |
||
|
Appointment Date |
24/05/1992 |
Recently Resigned Directors (last
3)
|
DIRECTOR |
WILLIAM RICHARD DRAPER |
|
Address |
34 , FALKIRK COURT , HORNCHURCH , ESSEX
, - - |
|
Date of Birth |
01/06/1931 |
|
Resignation Date |
01/10/1991 |
Share Summary
|
Share Currency: |
GBP |
|
||
|
|
||||
|
Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
|
Shaukat Akberali Merali |
ORD |
5 |
5.00 |
0.00 |
|
Socgen Nominees (U K) Ltd |
ORD |
1,999,995 |
1,999,995.00 |
100.00 |
Mortgages and Charges
|
|
|
|
Total Registered |
19 |
|
Total Outstanding |
15 |
|
Total Satisfied |
4 |
|
Most Recent Mortgage |
25/06/2007 |
|
|
|
|
Date Registered |
04/07/2007 |
|
Type |
395 |
|
Date Created |
25/06/2007 |
|
Lender |
SUMITOMO MITSUI BANKING CORPORATION EUROPE LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
GOODS WHICH ARE REPRESENTED BY DOCUMENTS WHICH HAVE BEEN OR
WILL BE DELIVERED TO SUMITOMO MITSUI BANKING CORPORATION EUROPE LIMITED AND
ALL GOODS AND BILLS OF LADING WARRANTS DELIVERY ORDERS WAREHOUSE KEEPERS
CERTIFICATES OR RECEIPTS AND ALL DOCUMENTS OF TITLE SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
15/01/2003 |
|
Type |
395 |
|
Date Created |
30/12/2002 |
|
Lender |
SOCIETE GENERALE |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS OR PRODUCE SEE THE MORTGAGE CHARGE DOCUMENT FOR
FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
29/11/2002 |
|
Type |
395 |
|
Date Created |
12/11/2002 |
|
Lender |
CREDIT AGRICOLE INDOSUEZ (SUISSE) SA |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
|
Details |
ALL THE COMPANY'S RIGHTS, TITLE AND INTEREST IN AND TO
(WHATEVER THE ORIGIN, FOUNDATION OR NATURE OF THE CLAIMS): (A) ANY GOODS
WHICH, FOR WHATEVER REASON, ARE AT THE DATE OF THE PLEDGE AND ASSIGNMENT, OR
WILL IN THE FUTURE BE, IN THE BANK'S DIRECT OR INDIRECT POSSESSION, (B) ANY
CLAIMS ARISING FROM THE SALE OF THE GOODS PLEDGED (C) ALL CLAIMS ARISING OR
TO ARISE FROM THE SALE OF GOODS FINANCED BY THE BANK; SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
26/11/2002 |
|
Type |
395 |
|
Date Created |
15/11/2002 |
|
Lender |
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Details |
THE PLEDGED PROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR
FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
08/11/2002 |
|
Type |
395 |
|
Date Created |
04/11/2002 |
|
Lender |
BNP PARIBAS ACTING THROUGH ITS LONDON BRANCH |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL THE RIGHT, TITLE AND INTEREST OF THE COMPANY IN AND
TO: (A) ALL AGREEMENTS PRESENT AND FUTURE, WHETHER ORAL OR IN WRITING, (B) ALL
GUARANTEES AND SECURITY PRESENT AND FUTURE, (C) ALL INSURANCES; SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
08/11/2002 |
|
Type |
395 |
|
Date Created |
04/11/2002 |
|
Lender |
BNP PARIBAS ACTING THROUGH ITS LONDON BRANCH |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
BY WAY OF FIRST FIXED CHARGE THE DEPOSIT, NOW OR AT ANY TIME
HEREAFTER DUE OWING OR INCURRED FROM OR BY THE DEPOSITOR TO THE BANK ON ANY
ACCOUNT WHATSOEVER |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
03/10/2001 |
|
Type |
395 |
|
Date Created |
02/10/2001 |
|
Lender |
ING BANK N.V.LONDON BRANCH |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS AND PRODUCE DELIVERED,ALL BILLS OF
LADING,RECEIPTS OR OTHER DOCUMENTS AND PROCEEDS OF SALE THEREOF; ALL
CONTRACTS WITH RESPECT TO ANY GOODS FINANCED BY THE BANK INCLUDING LETTERS OF
CREDIT,GUARANTEES AND CONTRACTS OF INSURANCE SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
27/07/2001 |
|
Type |
395 |
|
Date Created |
10/07/2001 |
|
Lender |
STANDARD CHARTERED BANK |
|
Secured On |
06 |
|
Details |
A PLEDGE UPON ALL NEGOTIABLE INSTRUMENTS AND ALL GOODS OR
PRODUCE OR THE DOCUMENTS OF TITLE AND ALL POLICIES AND CERTIFICATES OF
INSURANCE RELATING THERETO NOW OR AT ANY TIME HEREAFTER IN THE POSSESSION OR
CONSTRUCTIVE POSSESSION OF THE BANK OR ITS AGENTS OR NOMINEES THERE SHALL BE
ASSIGNED TO THE BANK ANY RIGHT OR ENTIITLEMENT OF THE CUSTOMER OT OBTAIN
DELIVERY OR POSSESSION OF THE MERCHANDISE FROM ANY THIRD PARTY AND THE
PROCEEDS OF ALL LETTERS OF INDEMNITY GUARANTEES OR OTHER ASSURANCES AGAINST
FINANCIAL LOSS ISSUED. |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
15/07/1999 |
|
Type |
395 |
|
Date Created |
06/07/1999 |
|
Lender |
BELGOLAISE SA |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS WHICH ARE NOW OR SHALL HEREAFTER BE DELIVERED BY
THE CONPANY OR ON THE COMPANYS BEHALF INTO THE BANKS POSSESSION OR INTO THE
POSSESSION OF THE BANKS AGENTS ON ITS BEHALF AND UPON ALL BILLS OF LADING,
DOCK OR WAREHOUSE WARRANTS, POLICIES OF INSURANCE, DELIVERY ORDERS AND ALL
OTHER DOCUMENTS OF TITLE AND SECURITIES WHATSOEVER WHICH ARE NOW OR WHICH
SHALL HEREAFTER BE DEPOSITED BY THE COMPANY WITH THE BANK AS SECURITY FOR
PAYMENT. |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
07/01/1999 |
|
Type |
395 |
|
Date Created |
04/01/1999 |
|
Lender |
BHF-BANK AG |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS AND PRODUCE DELIVERED INTO THE POSSESSION OF THE
BANK ALL BILLS OF LADING RECEIPTS OR OTHER DOCUMENTS RELATING TO THE GOODS
AND THE PROCEEDS OF SALE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
30/05/1998 |
|
Type |
395 |
|
Date Created |
22/05/1998 |
|
Lender |
CREDIT SUISSE FIRST BOSTON |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
AS SECURITY FOR THE PAYMENT AND DISCHARGE OF THE SECURED
SUMS THE CHARGOR AS BENEFICIAL OWNER CHARGES AND AGREES TO CHARGE THE CHARGED
ASSETS (AS DEFINED). SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
28/01/1998 |
|
Type |
395 |
|
Date Created |
23/01/1998 |
|
Lender |
CREDIT LYONNAIS |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE |
|
Details |
ALL SHARES STOCKS BONDS DEBENTURES AND ALL BILLS OF EXCHANGE
PROMISSORY NOTES CERTIFICATES OF DEPOSIT AND ALL NEGOTIABLE INSTRUMENTS OF
ANY DESCRIPTION AND ALL OTHER SECURITIES OF ANY KIND |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
26/11/1997 |
|
Type |
395 |
|
Date Created |
25/11/1997 |
|
Lender |
BELGOLAISE SA |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL GOODS DELIVERED BY THE COMPANY OR ON THE COMPANY'S BEHALF
INTO THE BANK'S POSSESSION OR INTO THE POSSESSION OF THE BANK'S AGENTS ON ITS
BEHALF AND UPON ALL BILLS OF LADING, DOCK OR WAREHOUSE WARRANTS, POLICIES OF
INSURANCE, DELIVERY ORDERS AND ALL OTHER DOCUMENTS OF TITLE AND SECURITIES |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
19/08/1987 |
|
Type |
9999 |
|
Date Created |
14/08/1987 |
|
Lender |
ALLIED ARAB BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
31 DRAYCOTT PLACE LONDON SW3 |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
08/07/1986 |
|
Type |
9999 |
|
Date Created |
19/06/1986 |
|
Lender |
NATIONAL WESTMINSTER BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
|
Details |
66 LEMAN STREET LONDON E1 LB TOWER HAMLETS TITLE NO 268464
AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT
MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
30/07/1985 |
|
Type |
9999 |
|
Date Created |
23/07/1985 |
|
Lender |
HAMBROS BANK LIMITED |
|
Secured On |
FOR FURTHER SECURING ALL MONIES DUE OR TO BECOME DUE FROM RAYNVILLE
SHIPPING CORPORATION S.A. TO THE CHARGEE UNDER THE TERMS OF A FACILITY LETTER
DATED 23785 AND THE BRIDGING LOAN SECURITY DOCUMENTS AS DEFINED THEREIN |
|
Details |
ALL THE COMPANYS RIGHTS TITLES, BENEFITS & INTEREST IN
ALL SUMS PAYABLE PURSUANT TO A LETTER OF CREDIT DATED 10785 2) THE SUM OF US
$80491.95 DEPOSITED IN THE JOINT ACCOUNT OF THE COMPANY AND ECKHARDT MARINE
GMBH (SEE DOC M24) |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
30/07/1985 |
|
Type |
9999 |
|
Date Created |
23/07/1985 |
|
Lender |
HAMBROS BANK LIMITED |
|
Secured On |
FOR FURTHER SECURING US $ 350,000 AND ALL MONIES DUE OR TO
BE-COME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A FACILITY
LETER DATED 23785 AND THE LOAN SECURITY DOCUMENTS AS DEFINED THEREIN. |
|
Details |
ALL THE COMPANY'S RIGHTS, TITLE INTEREST & BENEFIT IN
THE EARNINGS AND REQUISITION COMPENSATION (AS DEFINED IN THE SECOND EARNINGS
ASSIGNMENT) OF THE COMPANYS VESSELS "MINA" "MACCA" AND
"AL MEDINA", (SEE DOC M23) |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
15/03/1984 |
|
Type |
9999 |
|
Date Created |
02/03/1984 |
|
Lender |
HAMBROS BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL STOCKS SHARES AND OTHER SECURITIES ALL PATENT
APPLICATIONS & TRADE MARKS ETC (SEE DOC M22 OF OR FURTHER 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 |
08/09/1983 |
|
Type |
9999 |
|
Date Created |
30/08/1983 |
|
Lender |
NATIONAL WESTMINSTER BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL MONEYS FROM TIME TO TIME HELD TO THE CREDIT OF THE
COMPANY BY THE BANK ON ANY CURRENT DEPOSIT ANDOR OTHER ACCOUNTS WHICH THE COMPANY
MAY NOW ANDOR HEREAFTER HAVE WITH NATIONAL WESTMINSTER BANK PLC ON AN ACCOUNT
OR ACCOUNTS EARMARKED & THE COMPANY ANDOR UNDER ANY DEPOSIT RECEIPT |
|
Satisfied? |
Fully |
Public Record Information
Summary of
CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
Activities |
Commodity traders dealing principally in animal foodstuffs
and spices. Subject also acts as ship managers currently managing 4
vessels. |
|
Sic Code |
Description |
|
6120 |
Inland water transport |
|
6523 |
Other financial intermediation not elsewhere classified |
|
Staff Employed |
30 |
|
Auditors |
Deitch Cooper |
|
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 |
560018 |
Financial Data
|
The following figures are shown in units of 000 |
|
|
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/10/2006 |
31/10/2005 |
31/10/2004 |
31/10/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
Yes |
Yes |
Yes |
Yes |
|
SALES |
282,041 |
236,628 |
159,013 |
175,994 |
|
Other operating income |
994 |
1,119 |
1,199 |
1,488 |
|
Cost of goods sold |
276,717 |
232,085 |
155,587 |
172,705 |
|
GROSS PROFIT |
5,324 |
4,543 |
3,426 |
3,289 |
|
General administration costs (-) |
512 |
2,515 |
2,238 |
3,056 |
|
Wages and Salaries |
968 |
937 |
873 |
1,513 |
|
Depreciation |
226 |
117 |
221 |
195 |
|
Net Operating Profit(Loss) |
5,807 |
3,148 |
2,387 |
1,721 |
|
Non Trading Income |
152 |
30 |
25 |
79 |
|
Total Non Trading Income |
152 |
117 |
25 |
79 |
|
Interest expenses & similar (-) |
1,584 |
1,176 |
940 |
917 |
|
Other financial charges |
43 |
- |
- |
- |
|
Financial Expenses |
1,627 |
1,176 |
940 |
917 |
|
PRE TAX PROFIT |
4,333 |
2,088 |
1,472 |
882 |
|
Other Taxation |
5 |
287 |
-1 |
64 |
|
Taxation |
1,775 |
678 |
467 |
293 |
|
PROFIT AFTER TAX |
2,553 |
1,123 |
1,007 |
525 |
|
Net Profit |
2,553 |
1,123 |
1,007 |
525 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
2,553 |
1,123 |
1,007 |
525 |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/10/2006 |
31/10/2005 |
31/10/2004 |
31/10/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
Yes |
Yes |
Yes |
Yes |
|
TOTAL FIXED ASSETS |
13,592 |
14,255 |
14,351 |
14,395 |
|
Land & buildings |
659 |
666 |
13,645 |
679 |
|
Plant, machinery & equipment |
769 |
746 |
706 |
612 |
|
Intermediate Assets |
12,164 |
12,843 |
- |
13,104 |
|
TOTAL CURRENT ASSETS |
89,466 |
55,601 |
28,644 |
35,731 |
|
Stocks |
23,305 |
13,883 |
6,689 |
13,788 |
|
Trade Debtors |
57,464 |
36,900 |
15,754 |
17,398 |
|
Other Receivables |
254 |
1,530 |
833 |
668 |
|
Prepaid expenses |
24 |
33 |
65 |
25 |
|
Cash |
5,451 |
2,749 |
5,304 |
3,852 |
|
Marketable Securities |
120 |
273 |
- |
- |
|
own shares |
2,848 |
234 |
- |
- |
|
TOTAL ASSETS |
103,058 |
69,856 |
42,995 |
50,126 |
|
TOTAL CURRENT LIABILITIES |
76,825 |
45,873 |
19,736 |
26,243 |
|
Trade Creditors |
49,580 |
36,094 |
5,748 |
8,766 |
|
Bank Overdraft |
25,044 |
7,811 |
13,030 |
16,136 |
|
Taxes |
1,815 |
1,479 |
634 |
447 |
|
Hire Purchase |
71 |
61 |
102 |
- |
|
Accruals & deferred income |
315 |
428 |
220 |
146 |
|
WORKING CAPITAL |
12,641 |
9,727 |
8,908 |
9,487 |
|
TOTAL LONG TERM LIABS |
4,205 |
3,882 |
4,603 |
5,464 |
|
Taxation |
332 |
112 |
105 |
95 |
|
Mortgages and loans |
3,785 |
3,493 |
4,283 |
5,154 |
|
Total Hire Purchase / Leasing |
88 |
62 |
- |
- |
|
NET ASSETS/(LIABILITIES) |
26,233 |
23,983 |
23,259 |
23,882 |
|
SHARE CAPITAL + RESERVES |
22,028 |
20,100 |
18,655 |
18,418 |
|
Issued Share Capital |
2,000 |
2,000 |
2,000 |
1,000 |
|
Reserves |
3,780 |
6,198 |
6,198 |
6,198 |
|
Profit and Loss account |
16,248 |
11,902 |
10,457 |
11,220 |
|
SHAREHOLDERS FUNDS |
22,028 |
20,100 |
18,655 |
18,418 |
|
CAPITAL EMPLOYED |
26,233 |
23,982 |
23,258 |
23,882 |
|
TANGIBLE NET WORTH |
22,028 |
20,100 |
18,655 |
18,418 |
|
Key Credit Ratios
|
|
Accounts Date |
31/10/2006 |
31/10/2005 |
31/10/2004 |
31/10/2003 |
|
Current Ratio |
1.16 |
1.21 |
1.45 |
1.36 |
|
Profit Before Tax |
0.02 |
0.01 |
0.01 |
0.01 |
|
Creditors Days (D.P.O) |
65.40 |
56.77 |
13.48 |
18.53 |
|
Quick Ratio |
0.86 |
0.91 |
1.11 |
0.84 |
|
Return on Assets |
4.77 |
3.66 |
3.42 |
2.38 |
|
T.N.W/Total Assets |
0.21 |
0.29 |
0.43 |
0.37 |
|
Return on Capital |
16.52 |
8.71 |
6.33 |
3.69 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.66 |
0.61 |
0.58 |
0.59 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
367.85 |
247.54 |
130.47 |
172.15 |
|
|
|
Financial Summary
|
|
|
Turnover |
Turnover increased by more than 19% in the period. Turnover
totalled GBP 282,041,000 for the period. |
|
Operating Profit |
Totalled GBP 5,807,000 In the period prior a profit
of GBP 3,148,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 4,333,000 compared
with a profit of GBP 2,088,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
30% |
|
Tangible Net Worth |
Net worth increased by 1,928,000 during the period and now
stands at GBP 22,028,000 |
|
Fixed Assets |
The subjects fixed assets increased during the period by
GBP 16,000 to GBP 1,428,000 and are now 1% of total assets
compared with 2% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the
period by 5% and are now 21% of net worth compared with 21% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 4% of total assets compared
with 6% 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%)