MIRA
INFORM REPORT
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Report Date : |
16.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
ORBITAL WINES LIMITED |
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Registered Office : |
13 Chapter St,Victoria,LONDON,SW1P 4NY |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
19.11.1997 |
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Com. Reg. No.: |
03468480 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Wholesalers of wine |
RATING &
COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Poor |
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Payment Behaviour : |
Unknown |
Company Identification Details
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Subject Reported on |
ORBITAL WINES LIMITED |
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Holding Company |
Hanwood Group Ltd |
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Ultimate Holding Company |
THE HANWOOD GROUP LTD |
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Trading Address |
13 Chapter St,Victoria,LONDON,SW1P 4NY |
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Telephone |
020-7802-5415 |
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Extreme Risk! - This company exhibits characteristics similar to companies
who have generally failed. e.g. negative capital employed and / or massive
trading loss. |
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Credit Limit |
IN ADMINISTRATION |
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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 0 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Significant Event
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On 21.12.2007, Andrew Gordon Stoneman of Menzies Corp Restructuring,
43-45 Portman Square, London W1H 6LY and Paul David Williams of Menzies Corp
Restructuring, 43-45 Portman Square, London W1H 6LY were appointed joint
Administrators in connection with the affairs of the above named company. |
Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
03468480 |
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Date of Incorporation |
19/11/1997 |
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Registered Office |
43-45 Portman Square, London, W1H 6LY |
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Date of Last Annual Return to Registry |
19/11/2006 |
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Activities |
Wholesalers of wine |
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Accounts |
The last filed accounts cover the period to 30/06/2006 and were filed
on 25/07/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date Received |
Description |
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19/11/2006 |
Annual Return |
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30/06/2006 |
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 |
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Address |
31, LONG MEADOWS BRAMHOPE
, LEEDS , WEST YORKSHIRE , LS16 9DU |
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Country of Origin |
BRITISH |
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Date of Birth |
19/03/1964 |
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Appointment Date |
07/01/1998 |
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Other Appointments |
BULK BROKERS INTERNATIONAL LIMITED, ORBITAL WINES LIMITED, THE
WINE AND SPIRIT TRADES' BENEVOLENT SOCIETY |
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DIRECTOR |
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Occupation |
WINE MERCHANT |
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Address |
FLAT 5 35, ST GEORGE'S SQUARE , LONDON , SW1 3QN |
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Country of Origin |
AMERICAN(USA) |
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Date of Birth |
24/09/1960 |
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Appointment Date |
04/10/2002 |
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Other Appointments |
CALIFORNIA DIRECT LIMITED, ORBITAL WINES LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
UPPER COUND HOUSE , COUND , SHREWSBURY , SY5 6AX |
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Country of Origin |
BRITISH |
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Date of Birth |
30/12/1948 |
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Appointment Date |
03/10/2007 |
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Other Appointments |
ORBITAL WINES LIMITED, THE WINE AND SPIRIT TRADE ASSOCIATION |
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SECRETARY |
MR CHRISTOPHER BOUSTEAD |
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Address |
F2 38 SELBORNE ROAD, , HOVE , EAST SUSSEX , BN3
3AH |
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Country of Origin |
BRITISH |
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Date of Birth |
03/10/1969 |
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Appointment Date |
01/10/2005 |
Recently Resigned Directors (last
3)
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DIRECTOR |
JOHN ALASTAIR CHADWICK |
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Occupation |
DIRECTOR |
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Address |
POSTAL COTTAGE , MAIN STREET , LEICESTER , LEICS
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
19/10/1955 |
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Resignation Date |
14/12/2007 |
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DIRECTOR |
WELLWOOD GEORGE CHARLES MAXWELL |
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Occupation |
DISTILLER |
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Address |
SQUIRRELS , KENNEL LANE , FARNHAM , SURREY
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
27/06/1952 |
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Resignation Date |
19/09/2007 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Hanwood Ltd |
ORD |
70,000 |
7,000.00 |
70.00 |
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Bulk Brokers International Ltd |
ORD |
30,000 |
3,000.00 |
30.00 |
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Mortgages and Charges
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Total Registered |
5 |
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Total Outstanding |
4 |
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Total Satisfied |
1 |
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Most Recent Mortgage |
07/06/2007 |
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Date Registered |
12/06/2007 |
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Type |
395 |
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Date Created |
07/06/2007 |
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Lender |
RBS INVOICE FINANCE LIMITED |
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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 |
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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 |
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Satisfied? |
No |
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Date Registered |
28/04/2006 |
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Type |
395 |
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Date Created |
20/04/2006 |
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Lender |
NATIONAL WESTMINSTER BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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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 |
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Satisfied? |
No |
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Date Registered |
07/02/2006 |
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Type |
395 |
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Date Created |
24/01/2006 |
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Lender |
THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED |
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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 |
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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 |
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Satisfied? |
No |
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Date Registered |
14/01/2004 |
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Type |
395 |
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Date Created |
09/01/2004 |
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Lender |
EUROFACTOR (UK) LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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Details |
FIXED AND FLOATING CHARGE ALL ASSETS |
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Satisfied? |
No |
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Date Registered |
01/07/1999 |
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Type |
395 |
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Date Created |
21/06/1999 |
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Lender |
NATIONAL WESTMINSTER BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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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 |
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Satisfied? |
Fully |
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Public Record Information
Summary
of CCJ's/Scottish Decrees
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There are 2 exact unsatisfied CCJs totalling GBP 7470 in the last 72
months |
Details
of most recent CCJ's/Scottish Decrees
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29/11/2007, a Judgment of "GBP" 187 was made in NORTHAMPTON court
(Case No. 7XH22162 ) against Orbital Wines Ltd, 13 Chapter St, London, LONDON
POSTAL, SW1P 4NY |
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19/10/2007, a Judgment of "GBP" 7283 was made in NORTHAMPTON
court (Case No. 7QT45415 ) against Orbital Wines, 13 Chapter St, London,
LONDON POSTAL, SW1P 4NY |
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Adverse Information
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Administrator Appointed (GB)
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Administrator Appointed (GB)On 21.12.2007, Andrew Gordon Stoneman of
Menzies Corp Restructuring, 43-45 Portman Square, London W1H 6LY and Paul David
Williams of Menzies Corp Restructuring, 43-45 Portman Square, London W1H 6LY
were appointed joint Administrators in connection with the affairs of the
above named company. |
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Operations
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Activities |
Wholesalers of wine |
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Sic Code |
Description |
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5134 |
Wholesale of alcoholic and other beverages |
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Staff Employed |
12 |
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Auditors |
Newby Castleman |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified
with no referrals) on the latest accounts. |
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Bankers |
Barclays Bank PLC |
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Sort Codes |
204908 |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
0 |
0 |
0 |
0 |
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TOTAL CURRENT ASSETS |
1,351 |
692 |
470 |
764 |
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Stocks |
238 |
173 |
315 |
485 |
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Trade Debtors |
1,112 |
514 |
155 |
278 |
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Cash |
1 |
5 |
0 |
1 |
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TOTAL ASSETS |
1,351 |
692 |
470 |
764 |
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TOTAL CURRENT LIABILITIES |
1,200 |
613 |
432 |
385 |
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Other Current Liabilities |
1,200 |
613 |
432 |
385 |
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WORKING CAPITAL |
151 |
79 |
38 |
378 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
151 |
79 |
38 |
378 |
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SHARE CAPITAL + RESERVES |
151 |
79 |
38 |
378 |
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Issued Share Capital |
85 |
85 |
85 |
410 |
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Profit and Loss account |
66 |
-6 |
-47 |
-32 |
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SHAREHOLDERS FUNDS |
151 |
79 |
38 |
378 |
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CAPITAL EMPLOYED |
151 |
79 |
38 |
378 |
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TANGIBLE NET WORTH |
151 |
79 |
38 |
378 |
Key Credit Ratios
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Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
31/12/2002 |
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Current Ratio |
1.13 |
1.13 |
1.09 |
1.98 |
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Quick Ratio |
0.93 |
0.85 |
0.36 |
0.72 |
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T.N.W/Total Assets |
0.11 |
0.11 |
0.08 |
0.49 |
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Solvency (%) |
794.70 |
775.95 |
1136.84 |
101.85 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by 91% |
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Tangible Net Worth |
Net worth increased by 72,000 during the period and now stands at GBP
151,000 |
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%)