MIRA
INFORM REPORT
|
Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
EXOTIC FARM PRODUCE LIMITED |
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Registered Office : |
5th Floor 3 Sheldon Square, Paddington Central, London, W2
6HY |
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Country : |
United Kingdom |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
03/09/1984 |
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Com. Reg. No.: |
01845240 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Exotic fruit processors, pre-packagers and distributors. |
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 |
|
Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
EXOTIC FARM PRODUCE LIMITED |
|
Holding Company |
BAKKAVOR GROUP HF |
|
Ultimate Holding Company |
BAKKAVOR GROUP HF |
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Trading Address |
39-41 LONDON RD,KIRTON,BOSTON,PE20 1JE |
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Telephone |
01205-725500 |
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Low Risk - There is a high degree of confidence this
company will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 350,700 |
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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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Contract Limit |
GBP 3,104,900 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Significant Event
|
Please Note: Subject has been acquired by BAKKAVOR GROUP
HF Duns: 36-672-5815 |
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
01845240 |
|
Date of Incorporation |
03/09/1984 |
|
Registered Office |
5th Floor 3 Sheldon Square, Paddington Central, London, W2
6HY |
|
Date of Last Annual Return to Registry |
08/03/2007 |
|
Activities |
Exotic fruit processors, prepackagers and
distributors |
|
Accounts |
The last filed accounts cover the period to 30/09/2006 and
were filed on 23/05/2007 |
Recently Filed Documents
Details of the most recent documents
|
Date
Received |
Description |
|
08/03/2007 |
Annual Return |
|
30/09/2006 |
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 |
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Occupation |
COMPANY DIRECTOR |
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Address |
15, UPPER BELGRAVE STREET , LONDON
, SW1X 8AB |
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Country of Origin |
ICELANDER |
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|
Date of Birth |
07/11/1964 |
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|
Appointment Date |
24/08/2007 |
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Other Appointments |
ABBEYVALE FOODS LIMITED, ALRESFORD SALADS
LIMITED, ANGLIA CROWN LIMITED, B.V.NEGECOS, BAKKAVOR
(ACQUISITIONS) LIMITED, BAKKAVOR (BIRMINGHAM) LIMITED, BAKKAVOR (LONDON)
LIMITED, BAKKAVOR (UK) LIMITED, BAKKAVOR ASIA
LIMITED, BAKKAVOR BROTHERS LIMITED, BAKKAVOR FOODS
LIMITED, BAKKAVOR HOLDINGS LIMITED, BAKKAVOR HORTICULTURAL
LIMITED, BAKKAVOR INDUSTRIAL GROUP LIMITED, BAKKAVOR INVEST
LIMITED, BAKKAVOR LIMITED, BAKKAVOR OVERSEAS HOLDINGS
LIMITED, BAKKAVOR OVERSEAS LIMITED, BAKKAVOR OVERSEAS MECHANISATION
LIMITED, BAKKAVOR PROPERTIES LIMITED, BELBEN & COMPANY
LIMITED, BLUNDELL & RIMMER (PRODUCE) LIMITED, BOURNE SALADS
LIMITED, BUTTERDEAN PRODUCTS LIMITED, CALEDONIAN PRODUCE
LIMITED, CLIPPER SEAFOODS LIMITED, CUCINA SANO
LIMITED, DIPSTICKS LIMITED, EXOTIC FARM PREPARED LIMITED,
EXOTIC FARM PRODUCE LIMITED, FILLO PASTRY LIMITED, GEEST FOODS
LIMITED, GEEST FORWARD LIMITED, GEEST LIMITED, HELLIWELL
& CO. (FLOWERS) LIMITED, HITCHEN FOODS LIMITED, HOME GROWN
SALADS LIMITED, HORTICO INTERNATIONAL LIMITED, HOUGHTON,
MILLINGTON & CO. LIMITED, ISLEPORT FOODS LIMITED, KATSOURIS
(FRESH FOODS) LIMITED, KENT SALADS (HOLDINGS) LIMITED, KENT SALADS
LIMITED, LAURENS PATISSERIES LIMITED, LINCS.CUISINE LIMITED,
MARINER FOODS LIMITED, MOONBREAD LIMITED, NEW PRIMEBAKE LIMITED,
NORTH WEST GROWERS LIMITED, NOTSALLOW 256 LIMITED (only 1st 50
directorships shown) |
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DIRECTOR |
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Occupation |
COMPANY SECRETARY |
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Address |
37, THE GOWANS SUTTON ON THE FORES SUTTON ON THE
FORES , YORK , YO61 1DL |
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Country of Origin |
BRITISH |
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Date of Birth |
15/09/1957 |
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Appointment Date |
24/08/2007 |
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Other Appointments |
ABBEYVALE FOODS LIMITED, ALRESFORD SALADS
LIMITED, ANGLIA CROWN LIMITED, B.V.NEGECOS, BAKKAVOR
(ACQUISITIONS) LIMITED, BAKKAVOR (BIRMINGHAM) LIMITED, BAKKAVOR
(LONDON) LIMITED, BAKKAVOR BROTHERS LIMITED, BAKKAVOR CHINA
LIMITED, BAKKAVOR FOODS
LIMITED, BAKKAVOR HORTICULTURAL LIMITED, BAKKAVOR INDUSTRIAL
GROUP LIMITED, BAKKAVOR INVEST LIMITED, BAKKAVOR LIMITED,
BAKKAVOR OVERSEAS HOLDINGS LIMITED, BAKKAVOR OVERSEAS LIMITED,
BAKKAVOR OVERSEAS MECHANISATION
LIMITED, BAKKAVOR PENSION TRUSTEES LIMITED, BAKKAVOR PROPERTIES LIMITED, BAKKAVOR QV
LIMITED, BELBEN & COMPANY LIMITED, BLUNDELL & RIMMER
(PRODUCE) LIMITED, BOURNE SALADS LIMITED, BUTTERDEAN PRODUCTS
LIMITED, CALEDONIAN PRODUCE LIMITED, CLIPPER SEAFOODS
LIMITED, CUCINA SANO LIMITED, DIPSTICKS LIMITED, ENGLISH
VILLAGE NURSERIES LIMITED, EXEL PRODUCE LIMITED, EXOTIC FARM
PREPARED LIMITED, EXOTIC FARM PRODUCE LIMITED, FILLO PASTRY
LIMITED, GEEST FOODS LIMITED, GEEST FORWARD LIMITED, GEEST
LIMITED, GEEST MARKETING SERVICES LIMITED, HELLIWELL & CO.
(FLOWERS) LIMITED, HITCHEN FOODS LIMITED, HOME GROWN SALADS
LIMITED, HORTICO INTERNATIONAL LIMITED, HOUGHTON, MILLINGTON &
CO. LIMITED, INTERNATIONAL HORTICULTURAL SUPPLIES LIMITED,
INTERNATIONAL PRODUCE LIMITED, ISLEPORT FOODS LIMITED, KATSOURIS
(FRESH FOODS) LIMITED, KENT SALADS (HOLDINGS) LIMITED, KENT SALADS
LIMITED, LAURENS PATISSERIES LIMITED, LINCS.CUISINE LIMITED (only
1st 50 directorships shown) |
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DIRECTOR |
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Occupation |
FINANCE DIRECTOR |
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Address |
THE COURT 20, UPPINGHAM ROAD , OAKHAM
, LEICS , LE15 6JD |
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Country of Origin |
BRITISH |
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Date of Birth |
21/09/1969 |
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Appointment Date |
02/11/2007 |
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Other Appointments |
ABBEYVALE FOODS LIMITED, ALRESFORD SALADS
LIMITED, ANGLIA CROWN LIMITED, BAKKAVOR (ACQUISITIONS)
LIMITED, BAKKAVOR (BIRMINGHAM) LIMITED, BAKKAVOR (LONDON)
LIMITED, BAKKAVOR BROTHERS LIMITED, BAKKAVOR FOODS
LIMITED, BAKKAVOR FRESH COOK LIMITED, BAKKAVOR HORTICULTURAL
LIMITED, BAKKAVOR INDUSTRIAL GROUP LIMITED, BAKKAVOR INVEST
LIMITED, BAKKAVOR LIMITED, BAKKAVOR OVERSEAS HOLDINGS
LIMITED, BAKKAVOR OVERSEAS LIMITED, BAKKAVOR OVERSEAS MECHANISATION
LIMITED, BAKKAVOR PROPERTIES LIMITED, BAKKAVOR QUEST TRUSTEES
LIMITED, BOURNE SALADS LIMITED, BUTTERDEAN PRODUCTS
LIMITED, CALEDONIAN PRODUCE LIMITED, CUCINA SANO LIMITED,
DIPSTICKS LIMITED, EXOTIC FARM PREPARED LIMITED, EXOTIC FARM
PRODUCE LIMITED, FILLO PASTRY LIMITED, GEEST FOODS LIMITED,
GEEST LIMITED, HITCHEN FOODS LIMITED, ISLEPORT FOODS
LIMITED, KATSOURIS (FRESH FOODS) LIMITED, KENT SALADS (HOLDINGS)
LIMITED, KENT SALADS LIMITED, LAURENS PATISSERIES LIMITED,
LINCS.CUISINE LIMITED, MARINER FOODS LIMITED, MOONBREAD
LIMITED, NEW PRIMEBAKE LIMITED, NOTSALLOW 256 LIMITED, R.H.
CATERING LIMITED, SHIELDNESS PRODUCE LIMITED, THE BAKKAVOR
ORGANISATION (TRUSTEES) LIMITED, THE FRESH SALAD COMPANY LIMITED, THE
FRESH SNACK COMPANY LIMITED, THE FRESH SOUP COMPANY LIMITED, THE
REAL CAT FOOD COMPANY LIMITED, THE REAL DOG FOOD COMPANY
LIMITED, TILMANSTONE SALADS LIMITED, WELLAND FRESH FOODS
LIMITED, YORKSHIRE FRESH SALADS LIMITED |
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SECRETARY |
MS JOLYON PUNNETT |
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Address |
37 THE GOWANS SUTTON ON THE FOREST, , SUTTON ON
THE FOREST , NORTH YORKSHIRE , YO61 1DL |
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Country of Origin |
BRITISH |
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Date of Birth |
15/09/1957 |
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Appointment Date |
24/08/2007 |
Recently Resigned Directors (last
3)
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DIRECTOR |
MR JOHN EDWARD DUTTON |
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Occupation |
CHIEF EXECUTIVE |
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Address |
23 , CLEY HALL DRIVE , SPALDING , LINCS
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
21/09/1954 |
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Resignation Date |
24/08/2007 |
|
DIRECTOR |
DESMOND JOHN SMITH |
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Occupation |
FINANCE DIRECTOR |
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Address |
HILL HOUSE , AUDLEY END , DISS , NORFOLK
, - - |
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Country of Origin |
BRITISH |
|
Date of Birth |
17/04/1965 |
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Resignation Date |
24/08/2007 |
|
DIRECTOR |
CHARLES PETER JONES |
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Occupation |
TECHNICAL DIRECTOR |
|
Address |
SERENDIPITY , MAIN STREET , BUCKINGHAM
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
04/12/1951 |
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Resignation Date |
24/08/2007 |
Share Summary
|
Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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|
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|
BAKKAVOR GROUP HF |
ORD |
50,000 |
50,000.00 |
100.00 |
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Mortgages and Charges
|
|
|
|
Total Registered |
7 |
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Total Outstanding |
3 |
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Total Satisfied |
4 |
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Most Recent Mortgage |
19/06/2007 |
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|
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Date Registered |
21/06/2007 |
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Type |
395 |
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Date Created |
19/06/2007 |
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Lender |
BARCLAYS BANK PLC |
|
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 |
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 |
09/12/2003 |
|
Type |
395 |
|
Date Created |
26/11/2003 |
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Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
SCHUR 3020C LABELLERS & PRINTER - SCHUR PURCHASE DATE
240103 |
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Satisfied? |
No |
|
|
|
|
Date Registered |
09/12/2003 |
|
Type |
395 |
|
Date Created |
26/11/2003 |
|
Lender |
BARCLAYS BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND ALL
THE OTHER COMPANIES 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 SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
27/10/1999 |
|
Type |
395 |
|
Date Created |
19/10/1999 |
|
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 |
A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND
LEASEHOLD PROPERTIES ANDOR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING
CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE
INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
16/11/1994 |
|
Type |
395 |
|
Date Created |
31/10/1994 |
|
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 |
THE SUM OF 80,000 TOGETHER WITH INTEREST ACCRUED NOW OR TO
BE HELD BY NATIONAL WESTMINSTER BANK PLC ON ACCOUNT NUMBERED 84156384 AND
EARMARKED OR DESIGNATED BY REFERENCE TO THE COMPANY |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
16/11/1994 |
|
Type |
395 |
|
Date Created |
31/10/1994 |
|
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 |
THE SUM OF 30,000 TOGETHER WITH INTEREST ACCRUED NOW OR TO
BE HELD BY NATIONAL WESTMINSTER BANK PLC ON AN ACCOUNT NUMBERED 84156392 AND
EARMARKED OR DESIGNATED BY REFERENCE TO THE COMPANY |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
04/05/1989 |
|
Type |
9999 |
|
Date Created |
20/04/1989 |
|
Lender |
MCGHRAJ BANK LIMITED |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FIXED FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY
AND ASETS PRESENT AND FUTURE INCLUDING BOOK DEBTS & UNCALLED CAPITAL (FOR
MORE DETAILS SEE FROM 395 246) |
|
Satisfied? |
Fully |
Public Record Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
|
|
Activities |
Exotic fruit processors, pre-packagers and
distributors |
|
Sic Code |
Description |
|
5138 |
Wholesale of other food including fish, crustaceans and
molluscs |
|
1533 |
Processing and preserving of fruit and vegetables not
elsewhere classified |
|
Staff Employed |
323 |
|
Auditors |
Grant Thornton UK LLP |
|
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 |
600846 |
|
Bankers |
Meghraj Bank Ltd |
|
Sort Codes |
609356 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/09/2006 |
24/09/2005 |
25/09/2004 |
31/03/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
53,225 |
51,147 |
21,502 |
38,316 |
|
Other operating income |
1,470 |
1,494 |
432 |
30 |
|
Cost of goods sold |
43,031 |
43,795 |
17,835 |
32,465 |
|
GROSS PROFIT |
10,194 |
7,352 |
3,667 |
5,851 |
|
Other Expenses |
1,554 |
1,384 |
500 |
691 |
|
General administration costs (-) |
8,104 |
6,881 |
2,322 |
3,973 |
|
Wages and Salaries |
4,854 |
6,041 |
2,400 |
5,062 |
|
Depreciation |
545 |
375 |
140 |
163 |
|
Net Operating Profit(Loss) |
2,005 |
580 |
1,277 |
1,216 |
|
Non Trading Income |
2 |
6 |
3 |
19 |
|
Total Non Trading Income |
2 |
6 |
3 |
19 |
|
Interest expenses & similar (-) |
208 |
278 |
48 |
41 |
|
Other financial charges |
87 |
- |
60 |
7 |
|
Financial Expenses |
296 |
278 |
109 |
48 |
|
PRE TAX PROFIT |
1,712 |
308 |
1,171 |
1,187 |
|
Other Taxation |
18 |
151 |
54 |
-29 |
|
Taxation |
710 |
-8 |
115 |
415 |
|
PROFIT AFTER TAX |
984 |
165 |
1,002 |
801 |
|
Net Profit |
984 |
165 |
1,002 |
801 |
|
Dividends Payable |
0 |
731 |
65 |
33 |
|
RETAINED PROFITS |
984 |
-566 |
937 |
768 |
|
Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/09/2006 |
24/09/2005 |
25/09/2004 |
31/03/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
3,053 |
3,016 |
2,118 |
1,096 |
|
Plant, machinery & equipment |
3,000 |
2,960 |
2,059 |
1,036 |
|
Intangible Assets |
53 |
56 |
59 |
60 |
|
TOTAL CURRENT ASSETS |
10,794 |
10,675 |
9,522 |
8,218 |
|
Stocks |
612 |
605 |
507 |
424 |
|
Trade Debtors |
4,780 |
4,305 |
3,847 |
3,689 |
|
Other Receivables |
251 |
1,281 |
910 |
436 |
|
Prepaid expenses |
85 |
402 |
267 |
164 |
|
Group Loans |
4,878 |
3,472 |
3,864 |
3,189 |
|
Cash |
182 |
251 |
126 |
295 |
|
Tax Recoverable |
6 |
359 |
- |
22 |
|
TOTAL ASSETS |
13,846 |
13,691 |
11,639 |
9,314 |
|
TOTAL CURRENT LIABILITIES |
9,029 |
9,642 |
7,079 |
6,266 |
|
Trade Creditors |
3,934 |
5,415 |
4,061 |
2,972 |
|
Bank Overdraft |
9 |
154 |
236 |
326 |
|
Taxes |
821 |
150 |
738 |
462 |
|
Other Current Liabilities |
2,013 |
3,361 |
1,542 |
1,880 |
|
Due From Group |
1,322 |
51 |
- |
128 |
|
Hire Purchase |
379 |
322 |
305 |
155 |
|
Accruals & deferred income |
551 |
189 |
197 |
343 |
|
WORKING CAPITAL |
1,766 |
1,033 |
2,443 |
1,951 |
|
TOTAL LONG TERM LIABS |
773 |
988 |
934 |
358 |
|
Total Hire Purchase / Leasing |
773 |
805 |
902 |
358 |
|
NET ASSETS/(LIABILITIES) |
4,818 |
4,049 |
4,560 |
3,048 |
|
SHARE CAPITAL + RESERVES |
4,044 |
3,060 |
3,626 |
2,689 |
|
Issued Share Capital |
50 |
50 |
50 |
50 |
|
Profit and Loss account |
3,994 |
3,010 |
3,576 |
2,639 |
|
SHAREHOLDERS FUNDS |
4,044 |
3,060 |
3,626 |
2,689 |
|
CAPITAL EMPLOYED |
4,817 |
4,048 |
4,560 |
3,047 |
|
TANGIBLE NET WORTH |
3,992 |
3,005 |
3,567 |
2,629 |
Key Credit Ratios
|
Accounts Date |
30/09/2006 |
24/09/2005 |
25/09/2004 |
31/03/2004 |
|
Current Ratio |
1.20 |
1.11 |
1.35 |
1.31 |
|
Profit Before Tax |
0.03 |
0.01 |
0.05 |
0.03 |
|
Creditors Days (D.P.O) |
33.37 |
45.13 |
83.11 |
33.41 |
|
Quick Ratio |
1.13 |
1.04 |
1.27 |
1.24 |
|
Return on Assets |
12.41 |
2.26 |
10.11 |
12.83 |
|
T.N.W/Total Assets |
0.29 |
0.22 |
0.31 |
0.28 |
|
Return on Capital |
35.54 |
7.61 |
25.68 |
38.96 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
- |
0.16 |
1.11 |
- |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
245.54 |
353.74 |
224.64 |
251.96 |
Financial Summary
|
Turnover |
Turnover increased by more than 4% in the period. Turnover
totaled GBP 53,225,000 for the period. |
|
Operating Profit |
Totaled GBP 2,005,000 In the period prior a profit
of GBP 580,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 1,712,000 compared
with a profit of GBP 308,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
71% |
|
Tangible Net Worth |
Net worth increased by 987,000 during the period and now
stands at GBP 3,992,000 |
|
Fixed Assets |
The subjects fixed assets increased during the period by
GBP 40,000 to GBP 3,000,000 and are now 22% of total assets
compared with 22% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the
period by 12% and are now 33% of net worth compared with 39% in the previous period
|
|
Long Term Liabilities |
Long term liabilities are now 10% of total assets compared
with 9% 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%)