MIRA INFORM REPORT

 

 

 

Report Date :

10.09.2008

 

IDENTIFICATION DETAILS

 

Name :

HPC HEALTHLINE UK LIMITED

 

 

Formerly Known as :

PLAINCHARM LIMITED

 

 

Registered Office :

Colwood House, 158 Garth Road, Morden, Surrey SM4 4LZ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

14.03.1986

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Wholesale of Clothing and Footwear

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

[£]50,000

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

Name of the company

 

HPC HEALTHLINE UK LIMITED

Number             02000388

 

 

company summary

 

 

 

Phone

02083353636

Type

Private limited with Share Capital

 

Address

COLWOOD HOUSE,
158 GARTH ROAD,
MORDEN,
SURREY SM4 4LZ

Company Status

Active - Accounts Filed

 

 

 

Postcode

SM4 4LZ

Incorporated Date

14/03/1986

 

 

 

Todays Rating [ 0-100 ]

 

 

Todays Limit [£]

 50,000

 

 

 

 

 

 

 

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Active CCJ's

0

 

 

 

Value of CCJ's [£]

£0

 

 

 

Number Of Writs

0

 

 

 

 

Current Directors

5

 

 

Total Directorships

34

 

 

 

Trading to Date

31/12/06

30/09/05

30/09/04

 

Turnover

-

-

-

 

Shareholder Funds

£575,439

£439,317

£558,540

 

Employees

46

20

36

 

 

company information

 

 

Registered Address

Trading Address

 

Telephone Number

02083353636

Telephone Number

020 83353636

 

TPS

N

TPS

 

 

Address

Address

 

COLWOOD HOUSE
158 GARTH ROAD
MORDEN
SURREY SM4 4LZ

Colwood House
158 Garth Road
Morden
SM4 4LZ

 

 

 

 

 

 

 

 

Web Address

hpchelpline.co.uk

Incorporation Date

14/03/1986

 

Type of Accounts

Medium Company

Filing Date of Accounts

30/08/2007

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

31/12/2006

 

Annual Return

15/10/2006

 

 

 

 

 

 

Previous Name(s)

 

Changed:

29/11/2005

Hanfare Protective Clothing Limited

 

 

 

 

 

 

 

Industry:

 

Distributors Of Protective Clothing.

 

 

 

 

 

 

 

 

 

 

 

 

SIC Code

Description

 

5142

Wholesale Of Clothing & Footwear

 

 

 

 

 

 

 

Mortgage Charges

 

Outstanding

3

Satisfied

0

 

 

 

 

 

 

 

Shareholders

 

Share Capital

28

Currency

Gbp

 

 

 

 

 

Previous Names Details

 

 

 

 

Previous Name(s)

 

Changed :

29/11/2005

Hanfare Protective Clothing Limited

 

Changed :

03/04/1987

Plaincharm Limited

 

 

 

 

Secondary Industry Code Details

 

 

 

 

SIC Code

Description

 

5142

Wholesale Of Clothing & Footwear

 

3663

Other Manufacturing (not Elsewhere Classified)

 

 

 

 

Mortgage Details

 

 

 

 

Mortgage Type:

fixed and floating charge

 

Date Charge Created:

02/05/2003

Date Charge Registered:

20/05/2003

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

 

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:

08/10/1991

Date Charge Registered:

14/10/1991

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

 

Amount Secured:

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

 

Details:

fecon house garth road morden merton t/n o. sy 76682 and proceeds of sale thereo f 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

 

 

Mortgage Type:

mortgage debenture

 

Date Charge Created:

03/05/1991

Date Charge Registered:

16/05/1991

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

 

Amount Secured:

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

 

Details:

10 a specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof, fixed and floating charges over undertaking and allproperty and assets present and future including goodwill, bookdebts and the benefits of any licences.

 

 

 

 

 

Shareholders Details

 

 

 

Name

Shares

 

Barry Prichard

5 Ord £1 Shares

 

Scott Prichard

6 Ord £1 Shares

 

Jason Prichard

6 Ord £1 Shares

 

David Greenwood

11 Ord £1 Shares

 

 

 

Trading Address Details

 

 

 

Address

Telephone Number

TCPS

 

Colwood House 158 Garth Road Morden SM4 4LZ

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

accounts

 

PROFIT & LOSS

 

Annual Accounts

10/05-12/06

Change (%)

10/04-09/05

Change (%)

10/03-09/04

 

Months

15

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

3,968,744

72.5 %

2,300,271

-20.8 %

2,904,377

 

Wages & Salaries

1,104,662

57.2 %

702,672

-40.1 %

1,173,726

 

Directors Emoluments

302,272

54.2 %

195,995

180.0 %

70,000

 

Operating Profits

984,173

71.9 %

572,617

74.5 %

328,183

 

Depreciation

82,047

71.5 %

47,833

-76.3 %

202,178

 

Audit Fees

12,495

40.6 %

8,884

-32.5 %

13,170

 

Interest Payments

184,643

132.0 %

79,585

-49.2 %

156,526

 

Pre Tax Profit

627,494

246.1 %

181,324

167.3 %

-269,597

 

Taxation

-241,400

-377.6 %

-50,544

-143.2 %

116,944

 

Profit After Tax

386,094

195.2 %

130,780

185.7 %

-152,653

 

Dividends Payable

250,000

-

250,000

-23.1 %

325,000

 

Retained Profits

136,094

214.2 %

-119,220

75.0 %

-477,653

 

BALANCE SHEET

 

Annual Accounts

10/05-12/06

Change (%)

10/04-09/05

Change (%)

10/03-09/04

 

Tangible Assets

577,843

157.6 %

224,297

57.2 %

142,653

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

577,843

157.6 %

224,297

57.2 %

142,653

 

Total Current Assets

6,139,901

91.8 %

3,200,674

-0.2 %

3,207,294

 

Trade Debtors

3,829,311

117.4 %

1,761,329

6.9 %

1,648,077

 

Stock

1,748,661

32.7 %

1,318,164

36.8 %

963,463

 

Cash

240,274

603.7 %

34,143

-69.8 %

112,993

 

Other Current Assets

321,655

764.8 %

37,194

-91.4 %

432,917

 

Increase In Cash

206,131

361.4 %

-78,850

-277.7 %

44,364

 

Miscellaneous Current Assets

-

-100.0 %

49,844

-

49,844

 

Total Assets

6,717,744

96.1 %

3,424,971

2.2 %

3,349,947

 

Total Current Liabilities

5,465,617

114.5 %

2,548,154

13.4 %

2,247,768

 

Trade Creditors

2,020,454

228.7 %

614,676

-20.0 %

768,028

 

Bank Overdraft

1,729,597

47.2 %

1,175,127

19.6 %

982,789

 

Other Short Term Fin

115,428

999.9%

1,387

-95.9 %

34,074

 

Miscellaneous Current Liabilities

1,600,138

111.4 %

756,964

63.5 %

462,877

 

Other Long Term Fin

614,199

48.1 %

414,800

-21.1 %

525,639

 

Total Long Term Liabilities

676,688

54.7 %

437,500

-19.5 %

543,639

 

Bank Overdraft & LTL

2,406,285

49.2 %

1,612,627

5.6 %

1,526,428

 

Total Liabilities

6,142,305

105.7 %

2,985,654

7.0 %

2,791,407

 

Net Assets

575,439

31.0 %

439,317

-21.3 %

558,540

 

Working Capital

674,284

3.3 %

652,520

-32.0 %

959,526

 

CAPITALS & RESERVES

 

Annual Accounts

10/05-12/06

Change (%)

10/04-09/05

Change (%)

10/03-09/04

 

Paid up equity

110

34.1 %

82

-

82

 

P&L Account Reserve

575,312

31.0 %

439,218

-21.3 %

558,441

 

Sundry Reserves

17

-

17

-

17

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

575,439

31.0 %

439,317

-21.3 %

558,540

 

Net Worth

575,439

31.0 %

439,317

-21.3 %

558,540

 

MISCELLANEOUS

 

Annual Accounts

10/05-12/06

Change (%)

10/04-09/05

Change (%)

10/03-09/04

 

Net Cashflow from Operations

425,739

15.8 %

367,583

58.6 %

231,756

 

Net Cashflow before Financing

-566,633

-137.6 %

-238,501

-285.8 %

-61,813

 

Net Cashflow from Financing

218,294

767.8 %

-32,687

53.9 %

-70,837

 

Contingent Liability

YES

-

YES

-

NO

 

Capital Employed

1,252,127

42.8 %

876,817

-20.4 %

1,102,179

 

No of Employees

46

130.0 %

20

-44.4 %

36

     

Auditors

BUTLER & CO

 

AuditQualification

No Adverse Comments

 

Bankers

NATIONAL WESTMINSTER BANK PLC

 

BankBranchCode

60-00-01

 

RATIOS

 

Annual Accounts

10/05-12/06

10/04-09/05

10/03-09/04

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.12

1.26

1.43

 

Sales/Net Working Capital

-

-

0.00

 

Gearing %

418.2 %

367.1 %

273.3 %

 

Equity in %

8.6 %

12.8 %

16.7 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

0.80

0.74

1.00

 

Return On Capital Employed %

50.1 %

20.7 %

-24.5 %

 

Return On Total Assets Employed %

9.3 %

5.3 %

-8.1 %

 

Current Debt Ratio %

9.5 %

5.8 %

4.0 %

 

Total Debt Ratio %

10.7 %

6.8 %

5.0 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

109.1 %

41.3 %

-48.3 %

 

 

 

rating

 

Todays Limit [£]

 50,000

 

 

 

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.

 

 

 

ccj's

 

 

Active CCJ's

0

 

 

 

Value of CCJ's [£]

£0

 

 

 

Number Of Writs

0

 

 

 

group structure

 

No group structure for this company.

 

 

 

Status History

 

 

Date

Description

No Status History

 

 

 

Event History

 

 

Date

Description

13/09/2007

New Accounts Filed

13/09/2007

New Accounts Filed

06/05/2006

Creditsafe Rating Refinement

16/02/2006

New Accounts Filed

01/12/2005

Change Of Name

11/08/2005

New Board Member (scott Prichard) Appointed

23/06/2005

New Board Member (barry Peterprichard) Appointed

21/06/2005

Barry Peterprichard Has Left The Board

21/06/2005

New Board Member (jason Matthewprichard) Appointed

27/05/2005

Change In Reg.office

27/05/2005

Change Of Company Postcode

30/10/2004

Annual Returns

11/08/2004

New Accounts Filed

09/08/2004

Annual Returns

 

 

directors

 

 

Name

Scott  Prichard

Locate the home address of this director

 

Address

Grey Sands

Individual report for this director

 

 

Sandy Lane

 

 

Cobham

 

 

Surrey

 

 

KT11 2EL

 

Officers Title

Mr

Date Of Birth

26/04/1971

 

Honours

 

Present Appointments

3

 

Appointment Date

28/04/2005

Function

Director

 

 

 

 

 

 

 

 

 

Name

Jason Matthew Prichard

Locate the home address of this director

 

Address

181 Richmond Road

Individual report for this director

 

 

Kingston Upon Thames

 

 

Surrey

 

 

KT2 5DD

 

Officers Title

Mr

Date Of Birth

28/08/1969

 

Honours

 

Present Appointments

7

 

Appointment Date

28/04/2005

Function

Company Secretary

 

 

 

 

 

 

 

 

 

Name

Jason Matthew Prichard

Locate the home address of this director

 

Address

181 Richmond Road

Individual report for this director

 

 

Kingston Upon Thames

 

 

Surrey

 

 

KT2 5DD

 

Officers Title

Mr

Date Of Birth

28/08/1969

 

Honours

 

Present Appointments

7

 

Appointment Date

28/04/2005

Function

Director

 

 

 

 

 

 

 

 

 

Name

Barry Peter Prichard

Locate the home address of this director

 

Address

Aldgate Lodge

Individual report for this director

 

 

Church Road

 

 

Ketton

 

 

Rutland

 

 

PE9 3TD

 

Officers Title

Mr

Date Of Birth

16/06/1943

 

Honours

 

Present Appointments

11

 

Appointment Date

28/04/2005

Function

Director

 

 

 

 

 

 

 

 

 

Name

David Anthony Greenwood

Locate the home address of this director

 

Address

Walnut House Farnham Lane

Individual report for this director

 

 

Haslemere

 

 

Surrey

 

 

GU27 1HE

 

Officers Title

Mr

Date Of Birth

13/11/1955

 

Honours

 

Present Appointments

13

 

Appointment Date

30/09/1993

Function

Director

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.12

UK Pound

1

Rs.79.60

Euro

1

Rs.63.83

 

 

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