MIRA
INFORM REPORT
|
Report Date : |
30.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
POETICGEM LIMITED |
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Registered Office : |
58-60 Berners Street, London, W1T 3JS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
07.05.1991 |
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Com. Reg. No.: |
02608346 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Clothing distributors |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
GBP 348,500 |
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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 |
POETICGEM LIMITED |
|
Holding Company |
Pearl Fashions Private Limited |
|
Ultimate Holding Company |
Pearl Fashions Private Limited |
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Trading Address |
UNIT 4 THE TRIDENT CENTRE,IMPERIAL WAY,WATFORD,WD24 4JH |
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Telephone |
01923-249497 |
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There is a high degree of confidence this company will
prove good for the assigned Credit Limit |
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Credit Limit |
GBP 348,500 |
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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 2,841,400 |
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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
Please note subject is a
subsidiary of Pearl Fashions Private Limited, India
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
02608346 |
|
Date of Incorporation |
07/05/1991 |
|
Registered Office |
58-60 Berners Street, London, W1T 3JS |
|
Date of Last Annual Return to
Registry |
07/05/2007 |
|
Activities |
Clothing distributors. |
|
Accounts |
The last filed accounts cover the
period to 31/03/2007 and were filed on 03/07/2007 with Companies House. |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
|
07/05/2007 |
Annual Return |
|
31/03/2007 |
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
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
33, ADELPHI STREET , MILTON KEYNES
, MK9 4AE |
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Country of Origin |
BRITISH |
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Date of Birth |
25/11/1971 |
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|
Appointment Date |
23/09/1997 |
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Other Appointments |
CASA FORMA LIMITED, PACIFIC LOGISTICS
LIMITED, PACIFIC SUPPLY CHAIN LIMITED, POETICGEM LIMITED |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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|
Address |
9, ASHOK AVENUE RAJOKRI , NEW DELHI
, INDIA , |
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Country of Origin |
INDIAN |
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Date of Birth |
05/02/1980 |
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|
Appointment Date |
15/04/2008 |
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Other Appointments |
F.X. IMPORT COMPANY LIMITED, NAFS LIMITED, POETICGEM
LIMITED |
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DIRECTOR |
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Occupation |
MANAGING DIRECTOR |
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Address |
43, GREEN STREET , LONDON , W1K 7FJ |
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Country of Origin |
INDIAN |
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Date of Birth |
13/08/1977 |
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Appointment Date |
07/07/2003 |
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Other Appointments |
CASA FORMA LIMITED, F.X. IMPORT COMPANY
LIMITED, HAPPY HOMES (LONDON) LTD, NAFS LIMITED, PACIFIC
LOGISTICS LIMITED, PACIFIC SUPPLY CHAIN LIMITED, POETICGEM LIMITED |
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SECRETARY |
MR MANISH CHANDRA |
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Address |
29 MOUNT PLEASANT, ALPERTON WEMBLEY , LONDON
, MIDDLESEX , HA0 1UA |
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Country of Origin |
BRITISH |
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Date of Birth |
18/11/1967 |
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Appointment Date |
31/12/1993 |
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SECRETARY |
MR PERRY VASUNIA |
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Address |
26 MARSH LANE, MILL HILL , LONDON , NW7
4QP |
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Country of Origin |
BRITISH |
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Appointment Date |
21/04/1994 |
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SECRETARY |
ANUJ BANAIK |
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Address |
55 HOMEFIELD ROAD, , BUSHEY
, HERTFORDSHIRE , WD23 3AP |
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Country of Origin |
INDIAN |
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Date of Birth |
25/02/1966 |
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Appointment Date |
27/09/1995 |
Recently Resigned Directors (last
3)
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DIRECTOR |
PULKIT SETH |
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Occupation |
COMPANY DIRECTOR |
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Address |
2603 , 26TH FLOOR SUTTON COURT , KOWLOON
, HONG KONG , - - |
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Country of Origin |
INDIAN |
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Date of Birth |
05/02/1980 |
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Resignation Date |
07/07/2003 |
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DIRECTOR |
MR DEEPAK BURMAN |
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Occupation |
CHARTERED ACCOUNTANT |
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Address |
76A , LITTLE BUSHEY LANE , BUSHEY , HERTS
, - - |
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Country of Origin |
INDIAN |
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Date of Birth |
10/05/1950 |
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Resignation Date |
02/09/2002 |
|
DIRECTOR |
ANUJ BANAIK |
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Address |
55 , HOMEFIELD ROAD , BUSHEY , HERTS
, - - |
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Country of Origin |
INDIAN |
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Date of Birth |
25/02/1966 |
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Resignation Date |
30/09/1999 |
Share Summary
|
Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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Pearl Fashions Private Limited |
ORD |
50,000 |
50,000.00 |
100.00 |
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Mortgages and Charges
|
|
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Total Registered |
19 |
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Total Outstanding |
13 |
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Total Satisfied |
6 |
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Most Recent Mortgage |
20/05/2008 |
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Date Registered |
31/05/2008 |
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Type |
395 |
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Date Created |
20/05/2008 |
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Lender |
CITIBANK, NA, LONDON FOR ITSELF AND ON BEHALF OF
CITIGROUP, INC |
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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 |
|
Details |
THE RIGHTS TO, BENEFITS AND PROCEEDS OF ANYTHING HELD FOR
THE COMPANY'S ACCOUNT SEE IMAGE FOR FULL DETAILS |
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Satisfied? |
No |
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|
Date Registered |
19/01/2008 |
|
Type |
395 |
|
Date Created |
04/01/2008 |
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Lender |
THE ROYAL BANK OF SCOTLAND plc |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL DEPOSITS NOW AND IN THE FUTURE CREDITED TO ACCOUNT
DESIGNATION POET-USD-A-00427105 WITH THE BANK AND ANY DEPOSIT OR ACCOUNT OF
ANY OTHER DESCRIPTION OR DESIGNATION WHICH DERIVES IN WHOLE OR IN PART FROM
SUCH DEPOSITS OR ACCOUNT |
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Satisfied? |
No |
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Date Registered |
09/12/2006 |
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Type |
395 |
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Date Created |
30/11/2006 |
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Lender |
THE ROYAL BANK OF SCOTLAND plc |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
TELEFLEX PLOT BRUNLEYS KILN FARM MILTON KEYNES
BUCKINGHAMSHIRE BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND
RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS
FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS THE GOODWILL OF ANY BUSINESS
CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE
PROPERTY OR ASSETS |
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Satisfied? |
No |
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Date Registered |
24/09/2005 |
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Type |
395 |
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Date Created |
19/09/2005 |
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Lender |
THE ROYAL BANK OF SCOTLAND plc |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
FLAT 16 15 GROSVENOR SQUARE LONDON BY WAY OF FIXED CHARGE
THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT
MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS THE
GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY
INSURANCE AFFECTING THE PROPERTY OR ASSETS |
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Satisfied? |
No |
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Date Registered |
23/09/2005 |
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Type |
395 |
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Date Created |
19/09/2005 |
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Lender |
THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED (THE
SECURITY HOLDER) |
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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 |
|
Details |
BY WAY OF FIXED CHARGE ON ALL FH AND LH PROPERTY, ALL FIXTURES
AND FITTINGS AND FIXED PLANT AND MACHINERY, ALL GOODWILL UNPAID ANDOR
UNCALLED CAPITAL, ALL INTELLECTUAL PROPERTY, ALL SECURITIES, ALL LOAN CAPITAL
INDEBTEDNESS OR LIABILITIES ON ANY ACCOUNT ALL MONIES PAYABLE UNDER OR
PURSUANT TO THE INSURANCES ALL FIXED CHARGE DEBTS AND FLOATING CHARGE ON THE
REMAINDER OF THE UNDERTAKING PROPERTY RIGHTS AND ASSETS SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
27/08/2005 |
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Type |
395 |
|
Date Created |
23/08/2005 |
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Lender |
THE ROYAL BANK OF SCOTLAND plc |
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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 |
23/10/2002 |
|
Type |
395 |
|
Date Created |
22/10/2002 |
|
Lender |
ESCALA LIMITED |
|
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 |
THE SUM OF 21,805.06 |
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Satisfied? |
No |
|
|
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|
Date Registered |
18/04/2002 |
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Type |
395 |
|
Date Created |
12/04/2002 |
|
Lender |
HSBC 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 |
|
Details |
FLAT 16, 15 GROSVENOR SQUARE LONDON W1X PLD WITH THE
BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP
RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY
BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER
MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF
THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY |
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Satisfied? |
No |
|
|
|
|
Date Registered |
07/06/2001 |
|
Type |
395 |
|
Date Created |
01/06/2001 |
|
Lender |
HSBC 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 |
|
Details |
THE PROPERTY 32 AVENUE CLOSE AVENUE ROAD ST JOHNS WOOD LH
WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS
DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR
MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF
ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND
OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN
RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE
PROPERTY |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
10/04/2001 |
|
Type |
395 |
|
Date Created |
09/04/2001 |
|
Lender |
HSBC INVOICE FINANCE (UK) LIMITED |
|
Secured On |
WHETHER ARISING UNDER AN AGREEMENT FOR THE PURCHASE OF DEBTS
OR OTHERWISE ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
|
Details |
FIXED AND FLOATING CHARGE OVER ALL UNDERTAKING PROPERTY
AND ASSETS INCLUDING ALL PURCHASED DEBTS, THE OTHER DEBTS, UNCALLED CAPITAL,
GOODWILL AND PATENTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
03/04/2001 |
|
Type |
395 |
|
Date Created |
28/03/2001 |
|
Lender |
HSBC BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
|
Details |
THE LH PROPERTY KA 32 AVENUE CLOSE LONDON TN NGL474635
WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS
DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP
RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY
BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER
MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF
THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
03/04/2001 |
|
Type |
395 |
|
Date Created |
23/03/2001 |
|
Lender |
HSBC 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 |
21/09/1998 |
|
Type |
395 |
|
Date Created |
14/09/1998 |
|
Lender |
HABIB BANK AG ZURICH |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL THAT LH 3rd FLOOR FLAT NO 32 AVENUE CLOSE AVENUE ROAD
LONDON NW8 6BY CAMDEN TN NGL474125 AND NGL474635 |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
21/09/1998 |
|
Type |
395 |
|
Date Created |
14/09/1998 |
|
Lender |
HABIB BANK AG ZURICH |
|
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 SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
17/05/1994 |
|
Type |
395 |
|
Date Created |
10/05/1994 |
|
Lender |
P.T. BANK NEGARA INDONESIA (PERSERO) |
|
Secured On |
UNDER THE TERMS OF ANY OF THE FINANCE DOCUMENTS (AS
DEFINED THEREIN) ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
PROPERTY KA 32 AVENUE CLOSE, AVENUE ROAD, ST JOHN'S WOOD,
LONDON TNos. NGL474125 AND NGL474635 AND ALL BUILDINGS FIXTURES FIXED PLANT
AND MACHINERY ETC. THEREON. ASSIGNMENT OF ALL RENTAL AND OTHER INCOME FROM
THE PROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
12/05/1994 |
|
Type |
395 |
|
Date Created |
10/05/1994 |
|
Lender |
MIDLAND BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
LH PROPERTY KA 32 AVENUE CLOSE, AVENUE ROAD, ST JOHN'S
WOOD, LONDON NW8 TOGETHER WITH ALL FIXTURES AND FITTINGS NOW OR AT ANY TIME
HEREAFTER ON THE PROPERTY. THE BENEFITS OF ALL RIGHTS LICENCES AND THE
GOODWILL OF THE MORTGAGOR IN RELATION TO THE BUSINESS FROM TIME TO TIME
CARRIED ON AT THE PROPERTY |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
05/03/1994 |
|
Type |
395 |
|
Date Created |
03/03/1994 |
|
Lender |
PATRICIA ANN ALLSOPP |
|
Secured On |
UNDER THE TERMS OF THE LEASE OF EVENDATE ALL MONIES DUE OR
TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
|
Details |
A DEPOSIT OF 15,800.00 AT GRANVILLE TRUST LIMITED,77
MANSELL STREET,LONDON,E1 |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
12/03/1993 |
|
Type |
395 |
|
Date Created |
04/03/1993 |
|
Lender |
PT BANK NEGARA INDONESIA (PERSERO) |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
ALL ITS RIGHT TITLE AND INTEREST IN THE ACCOUNT SPECIFIED IN
THE SCHEDULE TO THE DEPOSIT CHARGE FOR FULL DETAILS SEE FORM 395 |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
26/06/1992 |
|
Type |
395 |
|
Date Created |
23/06/1992 |
|
Lender |
BANK NEGARA INDONESIA 1946 |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
SEE DOC REF M284C FOR FULL 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 |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
|
|
|
|
Activities |
Clothing distributors. |
|
Sic Code |
Description |
|
5142 |
Wholesale of clothing and footwear |
|
5142 |
Wholesale of clothing and footwear |
|
Staff Employed |
28 |
|
Auditors |
Auerbach Hope |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion
(i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
Hsbc Bank Plc 31 Granby St |
|
Sort Codes |
402806 |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
33,451,729 |
24,806,983 |
16,985,725 |
10,411,556 |
|
Export Sales |
2,804,960 |
2,316,785 |
2,324,598 |
1,163,745 |
|
Other operating income |
485,845 |
12,143 |
511,167 |
366,152 |
|
Cost of goods sold |
25,199,422 |
18,461,725 |
12,711,484 |
8,035,735 |
|
GROSS PROFIT |
8,252,307 |
6,345,258 |
4,274,241 |
2,375,821 |
|
Other Expenses |
1,900,723 |
1,840,585 |
1,526,878 |
625,134 |
|
General administration costs (-) |
3,973,837 |
3,403,204 |
2,773,925 |
1,754,633 |
|
Wages and Salaries |
2,528,819 |
2,148,060 |
1,520,556 |
885,748 |
|
Depreciation |
181,004 |
152,653 |
127,227 |
116,614 |
|
Net Operating Profit(Loss) |
2,863,592 |
1,113,612 |
484,605 |
362,206 |
|
Non Trading Income |
46,505 |
16,422 |
4,151 |
3,596 |
|
Total Non Trading Income |
46,505 |
16,422 |
4,151 |
3,596 |
|
Interest expenses & similar (-) |
368,216 |
118,860 |
132,181 |
101,716 |
|
Financial Expenses |
368,216 |
118,860 |
132,181 |
101,716 |
|
PRE TAX PROFIT |
2,541,881 |
1,011,174 |
356,575 |
264,086 |
|
Other Taxation |
0 |
-19,255 |
15,903 |
2,546 |
|
Taxation |
815,355 |
339,408 |
122,631 |
56,870 |
|
PROFIT AFTER TAX |
1,726,526 |
691,021 |
218,041 |
204,670 |
|
Net Profit |
1,726,526 |
691,021 |
218,041 |
204,670 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
1,726,526 |
691,021 |
218,041 |
204,670 |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
4,494,366 |
1,784,618 |
1,814,676 |
1,718,364 |
|
Land & buildings |
4,063,485 |
1,395,514 |
1,406,134 |
1,362,120 |
|
Plant, machinery & equipment |
420,837 |
379,104 |
398,542 |
346,244 |
|
Intermediate Assets |
10,044 |
10,000 |
10,000 |
10,000 |
|
TOTAL CURRENT ASSETS |
11,115,809 |
6,527,657 |
4,644,533 |
4,075,386 |
|
Stocks |
2,535,253 |
2,197,064 |
1,418,780 |
969,440 |
|
Trade Debtors |
4,893,403 |
3,850,389 |
1,461,240 |
1,378,495 |
|
Other Receivables |
230,960 |
177,312 |
491,423 |
143,562 |
|
Prepaid expenses |
68,536 |
48,950 |
46,905 |
18,558 |
|
Group Loans |
2,046,890 |
165,509 |
158,837 |
90,468 |
|
Cash |
1,340,767 |
88,433 |
1,067,348 |
1,474,863 |
|
TOTAL ASSETS |
15,610,175 |
8,312,275 |
6,459,209 |
5,793,750 |
|
TOTAL CURRENT LIABILITIES |
9,525,353 |
5,780,742 |
4,266,760 |
3,715,302 |
|
Trade Creditors |
581,749 |
1,905,876 |
727,366 |
413,516 |
|
Bank Overdraft |
7,237,041 |
3,185,278 |
2,465,047 |
2,553,982 |
|
Loans From Principals |
1,315 |
- |
6,981 |
888 |
|
Taxes |
1,091,125 |
464,009 |
170,458 |
221,217 |
|
Other Current Liabilities |
6,098 |
895 |
824,549 |
502,703 |
|
Due From Group |
565,113 |
167,706 |
42,108 |
- |
|
Hire Purchase |
16,412 |
12,978 |
15,751 |
10,996 |
|
Accruals & deferred income |
26,500 |
44,000 |
14,500 |
12,000 |
|
WORKING CAPITAL |
1,590,456 |
746,915 |
377,773 |
360,084 |
|
TOTAL LONG TERM LIABS |
2,431,620 |
604,857 |
956,794 |
1,060,834 |
|
Taxation |
23,346 |
6,879 |
27,868 |
11,955 |
|
Mortgages and loans |
2,095,490 |
260,586 |
273,635 |
1,026,915 |
|
Other Long Term Liabilities |
312,784 |
312,784 |
617,701 |
- |
|
NET ASSETS/(LIABILITIES) |
6,084,822 |
2,531,533 |
2,192,449 |
2,078,448 |
|
SHARE CAPITAL + RESERVES |
3,653,202 |
1,926,676 |
1,235,655 |
1,017,614 |
|
Issued Share Capital |
50,000 |
50,000 |
50,000 |
50,000 |
|
Profit and Loss account |
3,603,202 |
1,876,676 |
1,185,655 |
967,614 |
|
SHAREHOLDERS FUNDS |
3,653,202 |
1,926,676 |
1,235,655 |
1,017,614 |
|
CAPITAL EMPLOYED |
6,084,822 |
2,531,533 |
2,192,449 |
2,078,448 |
|
TANGIBLE NET WORTH |
3,653,202 |
1,926,676 |
1,235,655 |
1,017,614 |
Key Credit Ratios
|
Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
|
Current Ratio |
1.17 |
1.13 |
1.09 |
1.10 |
|
Profit Before Tax |
0.08 |
0.04 |
0.02 |
0.03 |
|
Creditors Days (D.P.O) |
8.43 |
37.68 |
20.89 |
18.78 |
|
Quick Ratio |
0.90 |
0.75 |
0.76 |
0.84 |
|
Return on Assets |
16.29 |
12.18 |
5.53 |
4.57 |
|
T.N.W/Total Assets |
0.23 |
0.23 |
0.19 |
0.18 |
|
Return on Capital |
41.77 |
39.94 |
16.26 |
12.71 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.11 |
0.06 |
0.02 |
0.85 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
|
Solvency (%) |
327.30 |
331.43 |
422.74 |
469.35 |
|
|
Financial Summary
|
Turnover |
Turnover increased by more than 35% in the period.
Turnover totalled GBP 33,451,729,units for the period. |
|
Operating Profit |
Totalled GBP 2,863,592,units In the period prior a
profit of GBP 1,113,612,units was achieved. |
|
Pre Tax |
The subject made a profit of GBP 2,541,881,units
compared with a profit of GBP 1,011,174,units in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
113% |
|
Tangible Net Worth |
Net worth increased by 1,726,526 during the period and now
stands at GBP 3,653,202,units |
|
Fixed Assets |
The subjects fixed assets increased during the period by
GBP 2,709,704 to GBP 4,484,322,units and are now 29% of total assets
compared with 21% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the
period by 302% and are now 67% of net worth compared with 31% in the previous
period |
|
Long Term Liabilities |
Long term liabilities are now 16% of total assets compared
with 7% in the previous period |
|
|
Previous Searches on this Company
|
|
||
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
0 |
1 |
2 |
|
|
||
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.95 |
|
UK Pound |
1 |
Rs.85.62 |
|
Euro |
1 |
Rs.67.81 |
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%)