MIRA
INFORM REPORT
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Report Date : |
07.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
FLAVEX INTERNATIONAL
LIMITED |
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Formerly Known as : |
PINCO 1505 LIMITED |
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Registered Office : |
8 Venture Way, Aston Science Park,
Birmingham B7 4AP |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
25.08.2000 |
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Legal Form : |
Private Limited with Share
Capital |
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Line of Business : |
Manufacture of Soups and other Food Products Manufacture of Pharmaceutical Goods |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
[£] 7,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
FLAVEX INTERNATIONAL LIMITED
Number 04059983
company summary
Address 8
VENTURE WAY,
ASTON SCIENCE PARK,
BIRMINGHAM B7 4AP
Postcode B7
4AP
Phone
Type Private
limited with Share Capital
Company Status Active
- Accounts Filed
Incorporated Date 25/08/2000
Todays
Limit [£] 7,000
Active
CCJ's 0
Value
of CCJ's [£] £0
Number
Of Writs 0
Current
Directors 4
Total
Directorships 22
Trading to Date 31/12/07 31/12/06 31/12/05
Turnover - - -
Shareholder Funds £190,940 £336,076 £21,838
Employees - - -
Trends
Profitability 
Liquidity
Shareholders Funds 
company information
Registered
Address
Telephone Number
TPS
Address
8 VENTURE WAY
ASTON SCIENCE PARK
BIRMINGHAM B7 4AP
8 Venture Way
Trading Address
Telephone Number
TPS
Address
Aston Science Park
Birmingham
B7 4AP
Web Address flavex.co.uk Incorporation Date 25/08/2000
Type of Accounts Small Company Filing Date of Accounts 21/06/2008
Company Type Private
Limited With Share Capital Date of
Latest Accounts 31/12/2007
Annual Return 27/05/2008
Previous Name(s)
Changed: 29/09/2000 Pinco 1505 Limited
Industry:
Manufacture
Of Other Food Products And Pharmaceutical Preparations.
SIC Code Description
1589 Manufacture Of Soups And Other Food Products
Mortgage Charges
Outstanding 5 Satisfied 4
Shareholders
Share
Capital 1000 Currency Gbp
Previous Names Details
Previous Name(s)
Changed : 29/09/2000 Pinco 1505 Limited
Secondary Industry Code Details
SIC Code Description
1589 Manufacture Of Soups And Other Food Products
2442 Manufacture Of Pharmaceutical Goods
Mortgage Details
Mortgage
Type: all assets
debenture
Date Charge
Created: 01/08/2006 Date Charge Registered: 11/08/2006
Date Charge
Satisfied: Status: Outstanding
Person(s)
Entitled: LLOYDS TSB
COMMERCIAL FINANCE LIMITED
Amount
Secured: all monies due or
to become due from the company to the chargee on any account whatsoever.under
the terms of the aforementioned instrument creating or evidencing the charge
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: chattel mortgage
Date Charge
Created: 01/08/2006 Date Charge Registered: 11/08/2006
Date Charge
Satisfied: Status: Outstanding
Person(s)
Entitled: LLOYDS TSB
COMMERCIAL FINANCE LIMITED
Amount
Secured: all monies due or
to become due from the company to the chargee on any account whatsoever.under
the terms of the aforementioned instrument creating or evidencing the charge
Details: 18 x units grey and orange boltless stee l
pallet racking, 1 x digi floor mounted digital pallet scale 1500 kgs capacity
and 2 x scandinova upright refrigerator/ freezers electrolux chest feeezer
& sund ry loose items for details of further pr operty charged please refer
to form 395 and all spare parts
Mortgage
Type: debenture
Date Charge
Created: 24/07/2006 Date Charge Registered: 26/07/2006
Date Charge
Satisfied: Status: Outstanding
Person(s)
Entitled: LLOYDS TSB 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: mortgage
Date Charge
Created: 24/07/2006 Date Charge Registered: 26/07/2006
Date Charge
Satisfied: Status: Outstanding
Person(s)
Entitled: LLOYDS TSB BANK
PLC
Amount
Secured: all monies due or
to become due from the company to the chargee on any account whatsoever.
Details: f/h goses foot estate, kinstone, herefor d
21 together with all buildings and fixtures (including trade fixtures) fixed
plantand machinery by way of fixed charge all present and future book and other
debts floating charge over all moveable plant machinery implements utensils
furniture and equipment by way of assignment thegoodwill of the business (if
any) the full benefit of all licences and all guarantees
Mortgage
Type: an omnibus
guarantee and set-off agreement
Date Charge
Created: 24/07/2006 Date Charge Registered: 26/07/2006
Date Charge
Satisfied: Status: Outstanding
Person(s)
Entitled: LLOYDS TSB BANK
PLC
Amount
Secured: all monies due or to
become due from the company and/or all or any of the othercompanies named
therein to the chargee on any account whatsoever.
Details: any sums or sums standing to the credit of
any one or more of any present or fut ure accounts of the company with the ban
k whether such accounts be denominated i n sterling or in a currency or
currencie s other than sterling.
Mortgage
Type: legal charge
Date Charge
Created: 25/08/2005 Date Charge Registered: 07/09/2005
Date Charge
Satisfied: 07/09/2007 Status: Satisfied
Person(s)
Entitled: HABIB BANK AG
ZURICH
Amount
Secured:
Details: units 1-5 & 4a-4f gooses foot industrial
estate kingstone hereford, all covenants and rights, fixtures fittings, plant
and machinery furniture furnishings, goodwill, proceeds of insurance,
Mortgage
Type: standard mortgage
debenture
Date Charge
Created: 25/08/2005 Date Charge Registered: 07/09/2005
Date Charge
Satisfied: 07/09/2007 Status: Satisfied
Person(s)
Entitled: HABIB BANK AG
ZURICH
Amount
Secured:
Details: units 1 to 5 and 4a to 4f gooses foot
industrial estate, kingstone, hereford, all the property assets and income
Mortgage
Type: mortgage
Date Charge
Created: 06/06/2001 Date Charge Registered: 13/06/2001
Date Charge
Satisfied: 22/09/2005 Status: Satisfied
Person(s)
Entitled: LLOYDS TSB BANK
PLC
Amount
Secured: all monies due or
to become due from the company to the chargee on any account whatsoever.
Details: f/h gooses foot industrial estate kingst one
near hereford. t/no. hw145463 21 together with all buildings and fixtures
(including trade fixtures) fixed plantand machinery by way of fixed charge all
present and future book and other debts floating charge over all moveable plant
machinery implements utensils furniture and equipment by way of assignment
thegoodwill of the business (if any) the full benefit of all licences and all
guarantees
Mortgage
Type: debenture deed
Date Charge
Created: 16/10/2000 Date Charge Registered: 19/10/2000
Date Charge
Satisfied: 22/09/2005 Status: Satisfied
Person(s)
Entitled: LLOYDS TSB 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.
Shareholders Details
Name Shares
Quest Vitamins Ltd 1,000 Ordinary Gbp 1.00
Trading Address Details
Address Telephone
Number TCPS
8 Venture Way Aston Science Park Birmingham
B7 4AP
accounts
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group structure
Ultimate
Parent Company FARMOZA LTD
Companies
in Group 8
Company
Name Registered Number Latest Annual Accounts
FARMOZA
LTD LITHUANIA N/A
QUEST VITAMINS LIMITED 02530437 31/12/2007
QUEST VITAMINS (U.K.) LIMITED 01716654 31/12/2007
ALPHA NUTRITION (UK) LIMITED 01731102 31/12/2007
NUTRIQUEST LIMITED 02641591 31/12/2007
QUEST VITAMIN SUPPLIES LIMITED 02643678 31/12/2007
FLAVEX INTERNATIONAL LIMITED<<< 04059983 31/12/2007
DAVID MOORE (FLAVOURS) LIMITED 01673925 24/08/2006
Status History
Date Description
No Status History
Event History
Date Description
22/07/2008 Annual Returns
29/06/2008 New Accounts Filed
30/08/2007 New Accounts Filed
02/07/2007 Annual Returns
03/08/2006 New Accounts Filed
07/05/2006 Creditsafe Rating
Refinement
06/06/2005 New Accounts Filed
17/06/2004 Annual Returns
12/06/2004 Data Refresh
27/05/2004 New Accounts Filed
21/05/2004 Annual Returns
directors
Name Eamonn Regan
Address 141 Chester Road
Streetly
Sutton Coldfield
West Midlands
B74 3NE
Officers
Title Mr Date Of
Birth 30/08/1955
Honours Present
Appointments 6
Appointment
Date 28/09/2000 Function Director
Name Naushad Mehrali
Address 284 Moor Green
Lane
Moseley
Birmingham
West Midlands
B13 8QL
Officers
Title Mr Date Of
Birth 15/12/1951
Honours Present
Appointments 10
Appointment
Date 28/09/2000 Function Company Secretary
Name Naushad Mehrali
Address 284 Moor Green
Lane
Moseley
Birmingham
West Midlands
B13 8QL
Officers
Title Mr Date Of
Birth 15/12/1951
Honours Present
Appointments 10
Appointment
Date 28/09/2000 Function Director
Name Ahmed Gulamabbas Hassam
Address Villa Palm
Jumeirah
Frond P, Villa
Dubai
U.a.e.
Officers
Title Dr Date Of
Birth 28/02/1948
Honours Present
Appointments 6
Appointment
Date 28/09/2000 Function Director
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.74 |
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UK Pound |
1 |
Rs.85.19 |
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Euro |
1 |
Rs.66.12 |
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%)