MIRA
INFORM REPORT
|
Report Date : |
06.06.2008 |
IDENTIFICATION
DETAILS
|
Name : |
GWAZA LTD |
|
|
|
|
Registered Office : |
Ennerdale Road, Harlescott, Shrewsbury Shropshire Sy1 3nr |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2007 |
|
|
|
|
Date of Incorporation : |
31.10.1967 |
|
|
|
|
Com. Reg. No.: |
00920639 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (GB) |
|
|
|
|
Line of Business : |
Wholesalers and Manufacturers of Tractor and Accessory |
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 |
|
Maximum Credit Limit : |
GBP 69,600 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
|
|
|
Subject Reported on |
GWAZA LTD |
|
Holding Company |
Farmpower International Ltd |
|
Ultimate Holding Company |
FARMPOWER INTERNATIONAL LTD |
|
Trading Address |
ENNERDALE RD,HARLESCOTT,SHREWSBURY,SY1 3NR |
|
|
|
|
|
|
|
|
|
There is a high degree of confidence this company will
prove good for the assigned Credit Limit |
|
|
|
|
|
|
Credit Limit |
GBP 69,600 |
|
|
|
Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
|
|
|
|
|
|
Contract Limit |
GBP 469,000 |
|
|
|
Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
|
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
00920639 |
|
Date of Incorporation |
31/10/1967 |
|
Registered Office |
ENNERDALE ROAD, HARLESCOTT, SHREWSBURY SHROPSHIRE SY1 3NR |
|
Date of Last Annual Return to
Registry |
16/01/2008 |
|
Activities |
Tractor and accessory wholesalers and manufacturers
|
|
Accounts |
The last filed accounts cover the period to 31/12/2007 |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
|
16/01/2008 |
Annual Return |
|
31/12/2007 |
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
|
|
|
|
|
DIRECTOR |
|
|
|
Occupation |
COMPANY DIRECTOR |
|
|
Address |
103, LONGDEN COLEHAM , SHREWSBURY
, SY3 7DX |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
07/02/1958 |
|
|
Appointment Date |
04/08/2002 |
|
|
Other Appointments |
BROCO UK LIMITED, FARMPOWER INTERNATIONAL
LTD, GWAZA LTD |
|
|
SECRETARY |
MS NADIA WESTON |
|
|
Address |
44 GAMBRELL AVENUE, , WHITCHURCH , SY13
1GT |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
23/04/1953 |
|
|
Appointment Date |
01/04/2006 |
Recently Resigned Directors (last
3)
|
|
|
|
DIRECTOR |
JOHN DEREK PRICE |
|
Occupation |
ENGINEER |
|
Address |
10 , BROOMHALL LANE , SHREWSBURY , - - |
|
Country of Origin |
BRITISH |
|
Date of Birth |
03/08/1931 |
|
Resignation Date |
01/09/2002 |
|
DIRECTOR |
RAYMOND STUART CANNON |
|
Occupation |
ENGINEER |
|
Address |
8 , ST CATHERINES DRIVE , SHREWSBURY
, SALOP , - - |
|
Date of Birth |
15/05/1940 |
|
Resignation Date |
02/04/2002 |
|
DIRECTOR |
GWYNETH ANNE MAY PRICE |
|
Address |
10 , BROOMHALL LANE , SHREWSBURY , SALOP
, - - |
|
Date of Birth |
19/03/1935 |
|
Resignation Date |
07/09/2001 |
Share Summary
|
Share Currency: |
GBP |
||||||||
|
|
|||||||||
|
Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
|
|
|
|
|
|
Farmpower International Ltd |
ORD |
8,125 |
8,125.00 |
93.00 |
|
|
|
|
|
|
Mr Christopher Oates |
ORD |
100 |
100.00 |
1.00 |
|
|
|
|
|
|
Mr Mark Tunmore |
ORD |
500 |
500.00 |
6.00 |
|
|
|
|
|
Mortgages and Charges
|
|
|
|
Total Registered |
3 |
|
Total Outstanding |
2 |
|
Total Satisfied |
1 |
|
Most Recent Mortgage |
04/10/2002 |
|
|
|
|
|
|
|
Date Registered |
09/10/2002 |
|
Type |
395 |
|
Date Created |
04/10/2002 |
|
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 |
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 |
21/09/1981 |
|
Type |
9999 |
|
Date Created |
15/09/1981 |
|
Lender |
NATIONAL WESTMINSTER BANK LTD |
|
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 THE COMPANY'S ESTATE OR
INTEREST IN ALL FH OR LH PROPERTIES A FIXED & FLOATING CHARGE UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL & BOOK
DEBTS. |
|
Satisfied? |
Fully |
|
|
|
|
Date Registered |
16/04/1975 |
|
Type |
9999 |
|
Date Created |
08/04/1975 |
|
Lender |
NATIONAL WESTMINSTER BANK LTD |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
SECOND MORTGAGE ON LAND AND BUILDINGS AT 30 31 AND 32
ENNERDALE RD, SHREWSBURY, SALOP |
|
Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
|
|
|
|
Activities |
Tractor and accessory wholesalers and manufacturers
|
|
Sic Code |
Description |
|
2932 |
Manufacture of other agricultural and forestry machinery |
|
5166 |
Wholesale of agricultural machinery and accessories and implements,
including tractors |
|
Staff Employed |
19 |
|
Auditors |
Turner Peachey |
|
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 |
555005 |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2007 |
31/12/2006 |
31/12/2005 |
26/06/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2007 |
31/12/2006 |
31/12/2005 |
26/06/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
11,917 |
10,639 |
16,480 |
11,268 |
|
Total Fixed Assets |
11,917 |
10,639 |
16,480 |
11,268 |
|
TOTAL CURRENT ASSETS |
884,401 |
612,992 |
624,190 |
566,478 |
|
Stocks |
450,697 |
283,284 |
309,749 |
189,740 |
|
Trade Debtors |
424,351 |
328,059 |
244,078 |
329,553 |
|
Cash |
9,353 |
1,649 |
70,363 |
47,185 |
|
TOTAL ASSETS |
896,318 |
623,631 |
640,670 |
577,746 |
|
TOTAL CURRENT LIABILITIES |
368,648 |
247,684 |
286,817 |
303,844 |
|
Bank Overdraft |
52,597 |
- |
- |
- |
|
Other Current Liabilities |
316,051 |
247,684 |
286,817 |
303,844 |
|
WORKING CAPITAL |
515,753 |
365,308 |
337,373 |
262,634 |
|
TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
|
NET ASSETS/(LIABILITIES) |
527,670 |
375,947 |
353,853 |
273,902 |
|
SHARE CAPITAL + RESERVES |
527,670 |
375,947 |
353,853 |
273,902 |
|
Issued Share Capital |
8,775 |
8,175 |
8,175 |
8,175 |
|
Share Premium Accounts |
21,957 |
- |
- |
- |
|
Reserves |
1,825 |
1,825 |
1,825 |
1,825 |
|
Profit and Loss account |
495,113 |
365,947 |
343,853 |
263,902 |
|
SHAREHOLDERS FUNDS |
527,670 |
375,947 |
353,853 |
273,902 |
|
CAPITAL EMPLOYED |
527,670 |
375,947 |
353,853 |
273,902 |
|
TANGIBLE NET WORTH |
527,670 |
375,947 |
353,853 |
273,902 |
Key Credit Ratios
|
Accounts Date |
31/12/2007 |
31/12/2006 |
31/12/2005 |
26/06/2004 |
|
Current Ratio |
2.40 |
2.47 |
2.18 |
1.86 |
|
Quick Ratio |
1.18 |
1.33 |
1.10 |
1.24 |
|
T.N.W/Total Assets |
0.59 |
0.60 |
0.55 |
0.47 |
|
Solvency (%) |
69.86 |
65.88 |
81.06 |
110.93 |
Financial Summary
|
Working Capital |
The company's working capital improved in the period by
41% |
|
Tangible
Net Worth |
Net worth increased by 151,723 during the period and now
stands at GBP 527,670,units |
|
Fixed
Assets |
The subjects fixed assets increased during the period by
GBP 1,278 to GBP 11,917,units and are now 1% of total assets compared
with 2% in the previous period |
|
Long
Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 0% in the previous period |
Previous Searches on this Company
|
|
||
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
0 |
0 |
1 |
|
|
||
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%)