MIRA INFORM REPORT

 

 

 

Report Date :

29.09.2008

 

IDENTIFICATION DETAILS

 

Name :

ALFRED TERRY LIMITED

 

 

Registered Office :

Reco House, 928 High Road, North Finchley, London. N12 9RW

 

 

Country :

United Kingdom

 

 

Financials (as on) :

28.02.2007

 

 

Date of Incorporation :

01.03.1966       

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Manufacture and Wholesale of Jewellery.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

Name of the company

 

ALFRED TERRY LIMITED

Number             00872595

 

 

company summary

 

Address                                                           RECO HOUSE,
928 HIGH ROAD,
NORTH FINCHLEY,
LONDON. N12 9RW

Postcode                                                         N12 9RW

Phone                                                              02084469319                                                 

Type                                                                Private limited with Share Capital                      

Company Status                                               Active - Accounts Filed                                    

Incorporated Date                                              01/03/1966    

 

Active CCJ's                                                   0                                                             

Value of CCJ's [£]                                           £0                                                             

Number Of Writs                                             0                                                             

 

Current Directors                                             5                                                          

Total Directorships                                          33                                                        

 

Trading to Date                                 28/02/07                   28/02/06                  28/02/05

Turnover                                           £6,615,308               £6,813,329               £7,671,334

Shareholder Funds                            £1,585,958               £1,783,045               £1,991,577

Employees                                       29                            42                           49

 

Trends                                                                             

Profitability                                                                    

Liquidity                                                                        

Shareholders Funds                                                       

 

 

company information

 

                                                                          Registered Address               

Telephone Number                                               02084469319              

TPS                                                                    N                   

Address                                                                       

  RECO HOUSE
928 HIGH ROAD
NORTH FINCHLEY
LONDON. N12 9RW

Trading Address

Telephone Number                                               020 84469319

TPS

Address

  Reco House
928 High Road
North Finchley
London
N12 9RW

                                                                                                                       

 

 

                              Web Address                                      alfredterry.com                   Incorporation Date  01/03/1966

                              Type of Accounts                                 Full Accounts                    Filing Date of Accounts      19/12/2007

                              Company Type                                    Private Limited With Share Capital       Date of Latest Accounts 28/02/2007

                              Annual Return                                     12/09/2008                           

 

 

 

            Previous Name(s)

                                Changed:                      31/12/1980            Mogold Products Limited

                                                                       

 

 

 

            Industry:

                                                                                                                                                 Manufacture And Wholesale Of Jewellery.                                                                                                                               

                                                                                                                                                           

 

 

 

                            SIC Code     Description

                            3622 Manufacture Of Jewellery & Related Articles

                                   

 

 

 

            Mortgage Charges

                                                                             Outstanding                                             1   Satisfied            5

                                                                                                                                               

 

 

 

            Shareholders

                                                               Share Capital   7100                                   Currency   Gbp

                                                                                                                                   

 

 

 

Previous Names Details

 

 

            Previous Name(s)

                                  Changed :                     31/12/1980           Mogold Products Limited

 

 

 

Secondary Industry Code Details

 

 

                            SIC Code     Description

                            3622 Manufacture Of Jewellery & Related Articles

                            5147 Wholesale Of Other Household Goods

 

 

 

Mortgage Details

           

 

                                      Mortgage Type:          guarantee & debenture

                                      Date Charge Created:                                             24/02/2003           Date Charge Registered: 03/03/2003

                                      Date Charge Satisfied:                                               Status: Outstanding

                                      Person(s) Entitled:      BARCLAYS BANK PLC

                                    Amount Secured:                     all monies due or to become due from the company and/or all or any of the other companies named therein to the chargee on any account whatsoever.

                                    Details:            01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

 

 

 

                                      Mortgage Type:          debenture

                                      Date Charge Created:                                               17/12/1997          Date Charge Registered: 23/12/1997

                                      Date Charge Satisfied:                                             18/10/2003          Status: Satisfied

                                      Person(s) Entitled:      MIDLAND BANK PLC

                                    Amount Secured:         all monies due or to become due from the company to the chargee on any account whatsoever.

                                    Details:            . 01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

 

 

 

                                      Mortgage Type:          legal mortgage

                                      Date Charge Created:                                              17/12/1997          Date Charge Registered: 05/01/1998

                                      Date Charge Satisfied:                                             18/10/2003          Status: Satisfied

                                      Person(s) Entitled:      MIDLAND BANK PLC

                                    Amount Secured:         all monies due or to become due from the company to the chargee on any account whatsoever.

                                    Details:            leasehold property known as third and fo urth floors, reco house, 928 high road, finchley, london lease dated 17/12/97. with the benefit of all rights licences g uarantees rent deposits contracts deeds undertakings and warranties relating to the property any shares or membership ri ghts in any management company for the p roperty any goodwill of any business fro m time to time carried on at the propert y any rental and other money payable und er any lease licence or other interest c reated in respect of the property and al l other payments whatever in respect of the property

 

 

 

                                      Mortgage Type:          fixed and floating charge

                                      Date Charge Created:                                               06/06/1994         Date Charge Registered: 10/06/1994

                                      Date Charge Satisfied:                                              18/10/2003         Status: Satisfied

                                      Person(s) Entitled:      MIDLAND BANK PLC

                                      Amount Secured:       all monies due or to become due from the company to the chargee on any account whatsoever.

                                    Details:            13 fixed and floating charges over the undertaking and all property and assets present and future including uncalled capital goodwill, bookdebts and patents.

 

 

 

 

                                      Mortgage Type:          charge

                                      Date Charge Created:                                                14/12/1981        Date Charge Registered: 23/12/1981

                                      Date Charge Satisfied:                                               18/10/2003        Status: Satisfied

                                      Person(s) Entitled:      MIDLAND BANK LTD

                                      Amount Secured:       all monies due or to become due from the company to the chargee on any account whatsoever.

                                      Details:           all book debts & other debts

 

 

 

                                      Mortgage Type:         charge

                                      Date Charge Created:                                                 02/07/1975       Date Charge Registered: 11/07/1975

                                      Date Charge Satisfied:                                               18/10/2003       Status: Satisfied

                                      Person(s) Entitled:      MIDLAND BANK LTD

                                      Amount Secured:       all monies due or to become due from the company to the chargee on any account whatsoever.

                                    Details:            floating charge over 02 undertaking and all property and assetspresent and future including uncalled capital.

 

 

 

 

Shareholders Details

 

 

                                                                           Name            Shares

                                                                           Alfred Terry Holdings Ltd          7,100 Ordinary Gbp 1.00

 

 

Trading Address Details

 

Address

Telephone Number

TCPS

 

Reco House 928 High Road North Finchley London N12 9RW

 

 

accounts

 

PROFIT & LOSS

 

 

Annual Accounts

03/06-02/07

Change (%)

03/05-02/06

Change (%)

03/04-02/05

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

6,615,308

-2.9 %

6,813,329

-11.2 %

7,671,334

 

Export

755,381

-3.9 %

786,216

-2.1 %

803,285

 

Cost of Sales

4,662,060

-8.7 %

5,106,776

-5.0 %

5,373,009

 

Gross Profit

1,953,248

14.5 %

1,706,553

-25.7 %

2,298,325

 

Wages & Salaries

1,195,087

-28.3 %

1,666,066

-9.6 %

1,842,127

 

Directors Emoluments

369,126

6.9 %

345,425

-3.8 %

359,148

 

Operating Profits

-105,113

44.7 %

-190,101

-149.3 %

385,632

 

Depreciation

55,969

7.4 %

52,108

-5.2 %

54,971

 

Audit Fees

11,750

4.4 %

11,250

19.7 %

9,400

 

Interest Payments

103,411

-5.4 %

109,271

30.2 %

83,940

 

Pre Tax Profit

-195,698

32.3 %

-289,091

-165.2 %

443,200

 

Taxation

-1,389

-101.7 %

80,559

199.8 %

-80,706

 

Profit After Tax

-197,087

5.5 %

-208,532

-157.5 %

362,494

 

Dividends Payable

-

-

-

-100.0 %

260,000

 

Retained Profits

-197,087

5.5 %

-208,532

-303.5 %

102,494

 

BALANCE SHEET

 

 

Annual Accounts

03/06-02/07

Change (%)

03/05-02/06

Change (%)

03/04-02/05

 

Tangible Assets

255,847

9.7 %

233,284

-16.0 %

277,813

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

255,847

9.7 %

233,284

-16.0 %

277,813

 

Total Current Assets

4,509,852

3.6 %

4,353,177

-4.2 %

4,541,977

 

Trade Debtors

2,421,484

4.5 %

2,316,370

1.9 %

2,273,521

 

Stock

1,890,949

6.0 %

1,783,841

-16.4 %

2,133,004

 

Cash

77,726

-14.8 %

91,266

4.0 %

87,757

 

Other Current Assets

119,693

-26.0 %

161,700

239.0 %

47,695

 

Increase In Cash

-13,540

-485.9 %

3,509

-93.1 %

50,757

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

4,765,699

3.9 %

4,586,461

-4.8 %

4,819,790

 

Total Current Liabilities

3,152,826

13.6 %

2,776,501

-0.4 %

2,787,567

 

Trade Creditors

648,462

-20.0 %

810,587

12.5 %

720,708

 

Bank Overdraft

2,058,356

93.4 %

1,064,304

-9.5 %

1,176,077

 

Other Short Term Fin

63,669

-76.7 %

273,121

-2.2 %

279,400

 

Miscellaneous Current Liabilities

382,339

-39.2 %

628,489

2.8 %

611,382

 

Other Long Term Fin

-

-

-

-100.0 %

12,911

 

Total Long Term Liabilities

26,915

-

26,915

-33.8 %

40,646

 

Bank Overdraft & LTL

2,085,271

91.1 %

1,091,219

-10.3 %

1,216,723

 

Total Liabilities

3,179,741

13.4 %

2,803,416

-0.9 %

2,828,213

 

Net Assets

1,585,958

-11.1 %

1,783,045

-10.5 %

1,991,577

 

Working Capital

1,357,026

-13.9 %

1,576,676

-10.1 %

1,754,410

 

CAPITALS & RESERVES

 

 

Annual Accounts

03/06-02/07

Change (%)

03/05-02/06

Change (%)

03/04-02/05

 

Paid up equity

7,100

-

7,100

-

7,100

 

P&L Account Reserve

1,578,858

-11.1 %

1,775,945

-10.5 %

1,984,477

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

1,585,958

-11.1 %

1,783,045

-10.5 %

1,991,577

 

Net Worth

1,585,958

-11.1 %

1,783,045

-10.5 %

1,991,577

 

MISCELLANEOUS

 

 

Annual Accounts

03/06-02/07

Change (%)

03/05-02/06

Change (%)

03/04-02/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

YES

-

YES

 

Capital Employed

1,612,873

-10.9 %

1,809,960

-10.9 %

2,032,223

 

No of Employees

29

-31.0 %

42

-14.3 %

49

     

Auditors

SILVER ALTMAN

 

AuditQualification

No Adverse Comments

 

Bankers

HSBC BANK PLC

 

BankBranchCode

 

 

RATIOS

 

 

Annual Accounts

03/06-02/07

03/05-02/06

03/04-02/05

 

Pre-tax profit margin %

-3.0 %

-4.2 %

5.8 %

 

Current ratio

1.43

1.57

1.63

 

Sales/Net Working Capital

4.87

4.32

4.37

 

Gearing %

131.5 %

61.2 %

61.1 %

 

Equity in %

33.3 %

38.9 %

41.3 %

 

Creditor Days

35.68

43.42

34.29

 

Debtor Days

133.24

124.09

108.17

 

Liquidity/Acid Test

0.83

0.93

0.86

 

Return On Capital Employed %

-12.1 %

-16.0 %

21.8 %

 

Return On Total Assets Employed %

-4.1 %

-6.3 %

9.2 %

 

Current Debt Ratio %

2.0 %

1.6 %

1.4 %

 

Total Debt Ratio %

2.0 %

1.6 %

1.4 %

 

Stock Turnover Ratio %

28.6 %

26.2 %

27.8 %

 

Return on Net Assets Employed %

-12.3 %

-16.2 %

22.3 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit Limit Explanation                                                                                                              

 The Recommended Credit Limit is calculated using a formula that analyses information from a company's financial accounts and payment record.
The advised amount can be defined as the maximum amount that could be advanced in any one calendar month, assuming standard payment terms of 30 days beyond the month of invoice. Therefore the same maximum amount could be advanced in the next calendar month.                                                                                                                      

 

 

   Date                                                                   Description

   02/01/2008                                                          Credit Worthy

   09/01/2007                                                          Good Credit Worthiness

   10/12/2004                                                          Very Good Credit Worthiness

   20/01/2004                                                          Good Credit Worthiness

   03/06/2003                                                          Good Credit Worthiness

 

 

 

group structure

 

                                                                           Ultimate Parent Company        ALFRED TERRY HOLDINGS LIMITED

                                                                           Companies in Group    5

 

 

 

                                                                       Company Name          Registered Number        Latest Annual Accounts

                                                                       ALFRED TERRY HOLDINGS LIMITED      03365815          28/02/2007

                                                                       ALFRED TERRY LIMITED<<<      00872595          28/02/2007

 AT GOLD LIMITED                                           00938840                     28/02/2007

                                                                       CHAMBERLAIN CLARKE LIMITED           02903793          28/02/2006

                                                                       CUSTOMADE LIMITED 03100601 28/02/2006

 

 

 

Status History

 

 

Date                                   Description

No Status History

 

 

 

*Event History

 

Date                 Description

26/09/2008        Annual Returns

02/01/2008        New Accounts Filed

09/01/2007        New Accounts Filed

25/10/2005        New Accounts Filed

10/12/2004        New Accounts Filed

01/10/2004        New Board Member (alison Mardell) Appointed

01/10/2004        New Board Member (nicholas Spencerkasler) Appointed

01/10/2004        New Board Member (robert Johncooper) Appointed

01/10/2004        New Board Member (christopher Michaelburrow) Appointed

01/10/2004        Annual Returns

20/01/2004        Parent Company And Ultimate Parent

20/01/2004        Company Principal Activities

20/01/2004        New Account

 

 

 

directors

 

                                      Name                                   Nicholas Spencer Kasler          

                                      Address                                4 King George Avenue     

                                                Bushey

                                                Hertfordshire

                                                WD23 4NT

                                      Officers Title                         Mr                                 Date Of Birth     18/02/1962

                                      Honours                                                                     Present Appointments  6

                                      Appointment Date                15/12/1997                     Function           Director

                                                                                                                                    

 

 

 

 

Name                            Robert John Cooper            

                                      Address                                5 Northlands       

                                                Potters Bar

                                                Hertfordshire

                                                EN6 5DF

                                      Officers Title                         Mr                                 Date Of Birth     30/06/1948

                                      Honours                                                                     Present Appointments  14

                                      Appointment Date                15/12/1997                     Function           Company Secretary

                                                                                                                                    

 

 

 

                                      Name                                   Robert John Cooper     

                                      Address                                5 Northlands       

                                                Potters Bar

                                                Hertfordshire

                                                EN6 5DF

                                      Officers Title                         Mr                                 Date Of Birth     30/06/1948

                                      Honours                                                                     Present Appointments  14

                                      Appointment Date                15/12/1997                     Function           Director

                                                                                                                                    

 

 

 

                                      Name                                   Alison  Mardell 

                                      Address                                8 Amesbury Court           

                                                Crofton Way

                                                Enfield

                                                Middlesex

                                                EN2 8HY

                                      Officers Title                         Ms                                Date Of Birth     05/09/1957

                                      Honours                                                                     Present Appointments  3

                                      Appointment Date                22/04/2003                     Function           Director

                                                                                                                                    

 

 

 

                                      Name                                   Christopher Michael Burrow     

                                      Address                                9 Vicarage Close

                                                Northaw

                                                Potters Bar

                                                Hertfordshire

                                                EN6 4NY

                                      Officers Title                         Mr                                 Date Of Birth     15/05/1954

                                      Honours                                                                     Present Appointments  10

                                      Appointment Date                12/09/1991                     Function           Director

                                                                                                                                    

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.96

UK Pound

1

Rs.83.91

Euro

1

Rs.66.36

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions