MIRA INFORM REPORT

Report Date :

09.05.2008

IDENTIFICATION DETAILS

Name :	ALL SEAS CARGO (UK) LIMITED

Registered Office :	Olympic Freight Terminal, Bennett St, Ardwick, Manchester M12

Country :	United Kingdom

Financials (as on) :	31.12.2006

Date of Incorporation :	15/09/2003

Com. Reg. No.:	04899185

Legal Form :	Private Limited Liability Company (GB)

Line of Business :	Sea and coastal water transport

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Maximum Credit Limit :	GBP 15,200

Status :	Satisfactory

Payment Behaviour :	No complaints

Litigation :	Clear

Company Identification Details

Subject Reported on	ALL SEAS CARGO (UK) LIMITED
Telephone	0161-272-8989
Registered Office	Olympic Freight Terminal, Bennett St, Ardwick, Manchester M12


	This company has an average risk status and should be treated with a degree of caution

Credit Limit	GBP 15,200
	Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.

Contract Limit	GBP 109,600
	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	04899185
Date of Incorporation	15/09/2003
Registered Office	Olympic Freight Terminal, Bennett St, Ardwick, Manchester M12
Date of Last Annual Return to Registry	31/08/2007
Accounts	The last filed accounts cover the period to 31/12/2006 and were filed on 20/09/2007

Recently Filed Documents

Details of the most recent documents

Date Received	Description
31/08/2007	Annual Return
31/12/2006	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

GARETH RIDINGS

Occupation

DIRECTOR

Address

27, ARMISTEAD WAY CRANAGE , CREWE , CW4 8FE

Country of Origin

BRITISH

Date of Birth

19/01/1972

Appointment Date

15/10/2003

Other Appointments

ALL SEAS CARGO (UK) LIMITED, ALLSEAS CARGO LIMITED, BORED TO TEARS LIMITED, PIRATES PARADISE LIMITED, UK PORT HANDLING LIMITED

DIRECTOR

DARREN WRIGHT

Occupation

DIRECTOR

Address

5, THE PENTLANDS SHAW , OLDHAM , OL2 7RN

Country of Origin

BRITISH

Date of Birth

17/07/1978

Appointment Date

15/10/2003

Other Appointments

ALL SEAS CARGO (UK) LIMITED, ALLSEAS CARGO LIMITED, AURORA BATHROOMS LIMITED, BORED TO TEARS LIMITED, CARGO VISION SHIPPING AGENCIES (UK) LIMITED, PIRATES PARADISE LIMITED, UK PORT HANDLING LIMITED

SECRETARY

MS KAREN RIDINGS

Address

27 ARMISTEAD WAY, CRANAGE , CREWE , CHESHIRE , CW4 8FE

Country of Origin

BRITISH

Appointment Date

15/10/2003

Recently Resigned Directors (last 3)


DIRECTOR	LEE BASTABLE
Occupation	SHIPPING MANAGER
Address	HAZELWOOD 41 , SCRATTON ROAD , STANFORD LE HOPE , ESSEX , - -
Country of Origin	BRITISH
Date of Birth	01/06/1965
Resignation Date	15/03/2008
DIRECTOR	ONLINE NOMINEES LIMITED -
Address	OCTAGON HOUSE , FIR ROAD , STOCKPORT , CHESHIRE , - -
Resignation Date	15/09/2003

Share Summary

Share Currency:	GBP

Priniciple Shareholders:	Type Of Share	No. of Shares	Value	Voting %age
Mr Darren Wright	ORD	150	150.00	50.00
Mr Gareth Ridings	ORD	150	150.00	50.00

Mortgages and Charges

There are no mortgages

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations

Sic Code	Description
6110	Sea and coastal water transport
Staff Employed

Financial Data

Profit and Loss

Number of Weeks	52	52	52
Accounts Date	31/12/2006	31/12/2005	31/12/2004
Currency	GBP	GBP	GBP
Units	units	units	units
Consolidated?	No	No	No
RETAINED PROFITS	-	-	-

Balance Sheet

Number of Weeks	52	52	52
Accounts Date	31/12/2006	31/12/2005	31/12/2004
Currency	GBP	GBP	GBP
Units	units	units	units
Consolidated?	No	No	No
TOTAL FIXED ASSETS	41,094	23,657	17,075
Total Fixed Assets	41,094	23,657	17,075	-
TOTAL CURRENT ASSETS	1,086,918	674,987	536,679
Stocks	3,105	37,572	10,507	-
Trade Debtors	932,710	605,271	379,469	-
Cash	151,103	32,144	146,703	-
TOTAL ASSETS	1,128,012	698,644	553,754
TOTAL CURRENT LIABILITIES	876,893	576,703	511,018
Other Current Liabilities	876,893	576,703	511,018	-
WORKING CAPITAL	210,025	98,284	25,661
TOTAL LONG TERM LIABS	4,493	2,293	2,186
Other Long Term Liabilities	4,493	2,293	2,186	-
NET ASSETS/(LIABILITIES)	251,119	121,941	42,736
SHARE CAPITAL + RESERVES	246,626	119,648	40,550
Issued Share Capital	300	300	300	-
Profit and Loss account	246,326	119,348	40,250	-
SHAREHOLDERS FUNDS	246,626	119,648	40,550
CAPITAL EMPLOYED	251,119	121,941	42,736
TANGIBLE NET WORTH	246,626	119,648	40,550


Key Credit Ratios

Accounts Date	31/12/2006	31/12/2005	31/12/2004
Current Ratio	1.24	1.17	1.05
Quick Ratio	1.24	1.11	1.03
T.N.W/Total Assets	0.22	0.17	0.07
Equity Gearing	0.55	0.52	0.19
Solvency (%)	357.38	483.92	1265.61


Financial Summary
Working Capital	The company's working capital improved in the period by 114%
Tangible Net Worth	Net worth increased by 126,978 during the period and now stands at GBP 246,626,units
Fixed Assets	The subjects fixed assets increased during the period by GBP 17,437 to GBP 41,094,units and are now 4% of total assets compared with 3% in the previous period
Long Term Liabilities	The company's long term liabilities increased during the period by 96% and are now 2% of net worth 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	1	1

Date	Time	SIC Code	SIC Category	Report Type
15/11/2007	11:06AM	6311	Cargo handling	Keep-It-Live Report

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%)

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