MIRA
INFORM REPORT
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Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
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Name : |
COBELL LTD |
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Registered Office : |
Alphinbrook House Alphinbrook Road Marsh Barton Trading Estate Exeter,
EX2 8RG |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
12.11.1999 |
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Com. Reg. No.: |
03876527 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Importation, wholesale and distribution of fruit juice products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
-- |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Cobell Ltd
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Business Description |
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Importation, wholesale and distribution of fruit juice products. |
Industry
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Industry |
Beverages (Alcoholic) |
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ANZSIC 2006: |
3606 - Liquor and Tobacco Product
Wholesaling |
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NACE 2002: |
5134 - Wholesale of alcoholic and other
beverages |
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NAICS 2002: |
4248 - Beer, Wine, and Distilled Alcoholic
Beverage Merchant Wholesalers |
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UK SIC 2003: |
5134 - Wholesale of alcoholic and other
beverages |
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US SIC 1987: |
518 - Beer, Wine, and Distilled Alcoholic
Beverages |
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Key
Executives
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News |
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Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6277937
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6592392
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Corporate Structure News:
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Total Corporate
Family Members: 3 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Exeter |
United Kingdom |
Business Services |
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Subsidiary |
Exeter |
United Kingdom |
Beverages (Alcoholic) |
37.5 |
26 |
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Subsidiary |
Exeter |
United Kingdom |
Beverages (Non-Alcoholic) |
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Executives Report
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Directors and Shareholders Report
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Main Office Address: |
Tel: 01392430280 |
Annual Return Date: 23 Mar 2011 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
01 Mar 1967 |
. Yealm Manor, Cowick Lane, |
10 Feb 2000 |
NA |
Current:4 |
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Current |
04 Mar 1949 |
3 Brook Close, Holcombe, |
28 Apr 2011 |
NA |
Current:14 |
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Current |
11 Jan 1969 |
Riverside House Riverside, |
26 Nov 2007 |
NA |
Current:5 |
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Current |
20 Mar 1972 |
Riverside House Riverside, |
26 Nov 2007 |
NA |
Current:4 |
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Current |
11 Aug 1964 |
Alphinbrook House, Alphinbrook Road Marsh Barton, |
25 Mar 2005 |
NA |
Current:5 |
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Previous |
25 Sep 1971 |
5 Shirebourn Vale, South Woodham Ferrers, |
10 Feb 2000 |
27 Jul 2000 |
Current:0 |
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Previous |
13 Mar 1968 |
Alphinbrook House Alphinbrook Road, Marsh Barton, |
10 Feb 2000 |
03 Nov 2008 |
Current:1 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Form 10 Directors Fd Limited |
Previous |
39A Leicester Road, Salford, |
12 Nov 1999 |
15 Nov 1999 |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
NA |
Alphinbrook House, Alphinbrook Road Marsh Barton, |
24 Jul 2008 |
NA |
Current:1 |
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Previous |
21 Jul 1967 |
Bag End, Windmill Hill, |
28 Mar 2006 |
24 Jul 2008 |
Current:0 |
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Previous |
13 Mar 1968 |
Alphinbrook House Alphinbrook Road, Marsh Barton, |
10 Feb 2000 |
28 Mar 2006 |
Current:1 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Form 10 Secretaries Fd Limited |
Previous |
39A Leicester Road, Salford, |
12 Nov 1999 |
15 Nov 1999 |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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06543226 |
500000 A Ordinary GBP 1.00 |
A Ordinary |
500,000 |
1.00 |
500,000.00 |
99.98 |
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06543226 |
100 B Ordinary GBP 1.00 |
B Ordinary |
100 |
1.00 |
100.00 |
0.02 |
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More impressive
record-breakers
Kent & Sussex Courier (UK): 05 August 2011
[What follows is the full text of the news story.]
118 The number of stitches
in one minute achieved by fastest knitter Miriam Tegels in the Netherlands, in
2006 28 hours, 44 minutes The slowest time taken to swim the English Channel
was set by Jackie Cobell of Five Oak Green last year after the tide dragged her
40 miles off course 2 hrs, 15 min, 25 sec The fastest time for a woman to
complete a marathon was set by Paula Radcliffe in the London Marathon in 2003
16.37 seconds The fastest pantomime horse over 100 metres (mixed) was set by
Nafi Baram and Kathleen Rice at the Battersea Millennium Arena in 2006.
38,102 miles The
greatest distance claimed for a round-the-world pilgrimage is by Arthur
Blessitt since 25 December 1969. He has crossed 315 nations, island groups and
territories carrying a 3.7 metre high wooden cross
Cobell settlement
in final stages
Daily Times (Farmington, NM): 02 August 2011
[What follows is the full text of the news story.]
Aug.
02--FARMINGTON -- American Indians who want to claim their portion of the $3.4
billion Cobell vs. Salazar settlement must file the paperwork by Sept. 16.
That's 51 days
after the court's final approval of the settlement last Wednesday.
The settlement,
reached Dec. 7, 2009, in United States District Court in Washington, D.C.,
ended a 15-year legal battle that pitted Elouise Cobell, of Valier, Mont.,
against the federal government.
The case started
when Cobell, who has an Individual Indian Money account, uncovered
mismanagement of those accounts by the federal government while she was working
as an accountant on the Montana Blackfeet reservation.
Trust accounts
ranged in size from 35 cents to $1 million, originating from the Indian General
Allotment Act of 1887.
Cobell filed her
June 1996 lawsuit against the secretaries of the Department of the Interior and
the Department of the Treasury. The lawsuit claimed the federal government
mismanaged trust funds belonging to half a million individuals over the course
of nearly 125 years.
The allotment act
issued individual land rights to American Indians, but the Bureau of Indian
Affairs managed the lands. Land owners were supposed to receive royalty checks
for sub-surface resources, but the government made no reports of the money owed
or paid, or of the interest earned.
The lawsuit sought
monetary redress for hundreds of thousands of people who hold Individual Indian
Money accounts. It also sought to force
reform in the way
the government treats American Indians.
When President
Barack Obama on Dec. 8, 2010, signed legislation approving the settlement and
authorizing $3.4 billion in funds, he settled the largest class-action lawsuit
ever filed against the federal government.
"We were able
to stand up for individual Indians and get them justice," Cobell said
during a February interview when she visited Farmington. "This is the
largest class-action lawsuit in history, and we're making the government pay
attention to individual Indians."
But the settlement
required approval from a federal judge. That came June 20, when U.S. Senior
District Judge Thomas F. Hogan provided approval after a hearing on the merits
of the case and on legal fees. The Washington, D.C., district court last week
filed its final approval.
Under the
settlement, $1.5 billion will go to at least 300,000 Indian account holders. An
additional $1.9 billion will go to buy back and consolidate tribal land that
has become subdivided and difficult to manage, and $60 million will go to a
scholarship fund for American Indian students.
Hogan also awarded
Cobell's lawyers $99 million. That's less than half what they sought, but
nearly double the $50 million recommended by government lawyers.
Cobell will
receive $2 million as her share of the settlement, and three other named
plaintiffs will receive payments between $150,000 and $200,000.
Individual
acount-holders who qualify will receive payments of at least $800, and many
will get substantially more.
The largest pool
of beneficiaries may be in the Eastern Agency of the Navajo Nation, but
settlement comes too late for many people, said Ervin Chavez, president of Shi
Shi Keyah, a Navajo group that has fought for American Indian individuals'
rights for nearly three decades.
He estimates
between 40,000 and 50,000 Navajo citizens qualify to receive a payment.
The group filed a
lawsuit similar to Cobell's in 1984, Chavez said, to protest against the
federal government's methods of issuing payments to account holders.
"They were
delayed payments that came sporadically, every six months, year or two years,
to allotment owners," he said. "Even when they got checks, there was nothing
attached to it. There were gas wells pumping, but no justification for what
they were paid for."
The group, which
eventually joined Cobell's case, wanted three things, Chavez said. It sought
timely payments, an explanation of payments and establishment of a nearby
office where individuals could interact face-to-face with government officials
about their accounts.
"There were
games played with the Navajo people," Chavez said of the government.
"Elders have passed on -- lots of people have passed on -- waiting for
this settlement. It tears your heart out to see elderlies waiting and waiting
for any settlement."
Chavez, who said
the settlement is "the best the federal government would agree to,"
is urging all account holders to file a claim. He also hopes the settlement
means government reform.
"Is the
government going to make honest changes? Will we see honest improvements to the
system?" he said. "That's the real test. Or are we going to wake up
to the same bureaucracy?"
Obama, after Hogan
approved the settlement, issued a statement pledging a stronger relationship
with American Indian tribes. There are 564 federally recognized tribes in the
United States.
"After
fifteen years of litigation, today's decision marks another important step
forward in the relationship between the federal government and Indian
Country," Obama said June 20.
"Resolving
this dispute was a priority for my administration, and we will engage in
government-to-government consultations with tribal nations regarding the land
consolidation component of the settlement to ensure that this moves ahead at an
appropriate pace and in an appropriate manner. And going forward, my
administration will continue to strengthen our relationship with Indian
Country."
Alysa Landry:
alandry@daily-times.com
___
To see more of The
Daily Times, or to subscribe to the newspaper, go to
http://www.daily-times.com.
Copyright (c)
2011, The Daily Times, Farmington, N.M.
Distributed by
McClatchy-Tribune Information Services.
For more
information about the content services offered by McClatchy-Tribune Information
Services (MCT), visit www.mctinfoservices.com, e-mail
services@mctinfoservices.com, or call 866-280-5210 (outside the United States,
call +1 312-222-4544)
Tapping into
business's CSR agenda will aid charity to fly
Western Morning News (UK): 28 July 2011
[What follows is the full text of the news story.]
The Exeter
businessman behind the launch of a firstresponse charity partly inspired by a
juice bottle, aims for his product to become a global household name within
five years.
Nick Sprague,
co-founding managing director of �40 million turnover business Cobell, which
supplies fruit juices to drinks and food manufacturers, introduce Parabottle at
a business breakfast earlier this month. He is now reaching out to local
businesses, to help the charity fly.
Parabottle is
named after the ingenious and potentially life-saving product he hopes will be
flown in and dispersed to the needy, within hours of an earthquake, floods or
other disaster. It is a small plastic pod, packed with water, food, matches and
a foil blanket. Attached to it, is a parachute which unfurls to around the size
of a golf umbrella when airbor ne.
The chutes can be
laced together using the string that attaches them to the bottles, to form a rudimentary
tent, while the plastic flasks can be clipped together, to build a raft.
Mr Sprague's
vision is for thousands of them to be airlifted and launched over disaster
zones in an 'overkill' deployment which avoids a 'survival of the fittest'
scramble for aid.
"From a
business perspective, I've spent years looking at a lot of juice containers and
watched them being manufactured," said Mr Sprague.
"I thought -
why not fly individual bottles or pods, before the normal aid agencies get
there. The trick is, to keep the product simple."
The entrepreneur
solicited the advice of Shelterbox CEO Tom Henderson OBE, whose �20 million
Helston-based disaster relief charity has worked for decades building
international to ensure that its lifesaving boxes providing shelter, light and
warmth are on their way to the needy within minutes on an alert.
Mr Sprague, who,
like Mr Henderson has a services background, said that establishing a charity
had been a steep learning curve, despite his business acumen.
"A charity is
like a business, but with a lot more red tape," he said.
"In the first
year or two of your charitable aims, you are winking in the dark. It is a
difficult and arduous route to achieve charity status.
"In the end,
I relied on help from Tom to explain the process, which took 12 months to
establish. "What Tom started as a concept is fantastic and has become a
household name. We are about a year away from Parabottle's launch and I hope it
will take it five years to also become a global household name." Parabottle
is already generating local business support, including from Newton Abbot
chartered accountants Darnells, which worked through mountains of red tape
involved in the initiative achieving charitable status. The firm waived a
�3,000 bill - and all future costs on the charity's part.
Cobell itself has
adopted Parabottle under its Corporate Social Responsibility agenda, enabling
it to exploit some of the business's administration facilities to offset the
charity's start-up costs.
It aims to tap
into the CSR as a means of fundraising in the long-term, going forward.
"Tom embraced
Rotary, but Parabottle will reach out to corporate givers - they are having to
embrace their CSR side," says Mr Sprague.
"At a local
level, the charity is already beginning to build a name." Parabottle's
board of trustees include Cobell directors David Pearce, Ian Taylor and Graham
Holland.
Founding trustees
also number Will Michelmore, senior partner of law firm Michelmores, polar
explorer and outward bounds entrepreneur Paul Mattin of Woodbury Salterton
based Wilderness Solutions. Also on the board is Devon resident Clive Banks,
who is a Londonbased banker with BNP Paribas. Mr Sprague's wife, Ali, who
co-founded Cobell with him in 1999, is also on the board, along with their son
Jake, due to take up a place at Loughborough University this autumn.
He will apply his
social networking skills to boosting awareness of the charity to a younger
fundraiser base.
Two organisations
are working and collaborating on the Parabottle's design and testing, at a
total cost of around �150,000.
Exeter
University'sCentre for Additive Layer Manufacturing is behind the pod
prototype, while Airborne Systems, based in Bridgend is working on the chute -
and has provided its services at 75 per cent discount to the charity. It is due
to test the Parabottle over the Arizona desert, this autumn.
The estimated
costs of each complete Parabottle is �5 and each will come with its own
serial number.
With the
Parabottle in the final stages of development, the product will go through a
due diligence assessment, before it can be manufactured for dispatch.
There is also the
matter, too, of establishing connections with the global agencies that will
smooth the path towards Parabottle establishing the kind of hard-won relationships
that have seen international - and sometimes nonetoo often opened - doors yield
to Shelterbox.
"You can't
just drop them out of planes," says Mr Sprague.
Adding that it is
'inevitable' that the charity will have to look to recruit administration workers
within the next 12 months, he pledged that it aimed to keep overheads as low as
possible.
"The aim is,
to keep Parabottle lean and mean," he said. "By spring next year,
everything will be set to go."
To find out more
visit www.parabottle.org.uk
Milestone in
Indian trust case
High Country News: 25 July 2011
[What follows is the full text of the news story.]
COURTROOM BRIEFS
But quest for
justice drags on
In a crowded
federal courtroom near the National Mall in Washington, D. C, on June 20, the
first person to testify was Elouise Pepion Cobell, a member of
Montana'sBlackfeet Tribe.
Cobell, 65,
exemplifies persistence. She grew up in a house without utilities and has
worked as a banker and the treasurer of her tribe. Testifying on speakerphone
from her home in Browning, Mont., where she was recovering from cancer
treatment, she told U.S. District Judge Thomas Hogan: "My
great-grandfather was Mountain Chief, the last war chief of the Blackfeet
Nation."
The dramatic
hearing was the climax of an incredibly challenging classaction lawsuit, in
which Cobell was the lead plaintiff representing an estimated half-million
landowners - members of more than 150 tribes. Over 15 years, the case had
snowballed into more than 3,000 docket entries, several trials and appeals
court rulings. Two Interior secretaries (Bruce Babbitt and Gale Norton) were
charged with contempt, and other officials had admitted to destroying key
records. A previous judge expressed so much anger against the government that
some said he'd gone over the edge, and he was forced off the case. The Obama
administration finally broke the stalemate by negotiating a settlement,
approved by Congress in 2010. Cobell testified as Judge Hogan evaluated the
settlement's "fairness."
Both sides wanted
to fix a mess that began in 1887, when a paternalistic Congress passed the
Dawes Act, based on the assumption that American Indians were incapable of
managing their land. That law allotted portions of reservations to individual
Native landowners, but also set up a trust system, in which the Interior
Department manages those parcels for mining, drilling, grazing and timber,
distributing the revenues to the individual owners through Individual Indian
Money accounts.
Attorneys for Cobell's
side charged that upwards of $170 billion was missing or stolen from those
accounts. In the settlement, the feds agreed to pay $3.4 billion. Less than
half of that - $1.5 billion - would be distributed, using complex formulas, to
the individual owners, who now have about 11 million acres. The average
landowner would get $1,000 to $2,000.
Most of the rest
of the settlement - $1.9 billion - would go toward consolidating the
"fractionated" ownership that complicates most of the parcels, a
result of generations of heirs dividing their property into smaller and smaller
percentages for each owner. Interior would use that money to buy some
fractionated parcels and return them to tribes.
Only 92 people
filed formal objections; 11 of them testified. Many thought the government
should be pressed for a full, detailed "historical accounting," not
required by the settlement. "This settlement is nothing more than a
coverup. You know, pitch a few crumbs - a few dollars out here, and get (the
Natives) quiet, and now you can never bring up these issues again," Ben
Carnes, a Choctaw from Oklahoma, told the judge. "Who stole the money? ...
Are they still alive? ... Can they be prosecuted?"
Even Cobell said,
"I do not think (the settlement) compensates for all of the losses."
But she also believed it was "historical" in how it attempts to
address "this century-old injustice. ... It is the best settlement
possible," she said.
Judge Hogan
agreed: He observed that the feds "mismanaged these resources on a
staggering scale," but concluded that further legal battle probably
wouldn't yield a better result. He approved the settlement, plus a $2 million
payment to Cobell, $150,000 to $200,000 for each of the other three named
plaintiffs, and $99 million for the lawyers.
It was a genuine
milestone, but uncertainties loom ahead. The effort to consolidate so many
parcels is bound to be incomplete. Some objectors, and the 1,800 Native
landowners who "opted out" of the settlement, might file more appeals
and lawsuits. Meanwhile, similar, still-active lawsuits represent more than 100
tribes that have much more land than the individual landowners. Altogether, the
tribes own 44 million acres, and the federal government also manages those
acres in questionable ways.
Cobell believes
another massive lawsuit should be filed, demanding fundamental reform of the
Indian trust system. She was among those who spurred Congress to pass reform
laws in 1994 and 2004, trying to streamline management and consolidation.
Interior is still struggling to carry out those reforms. Interior Secretary Ken
Salazar promises to establish a new Commission on Indian Trust Administration
and Reform to "undertake a forward-looking, comprehensive evaluation of
how the Department manages and administers its trust responsibilities."
Ultimately, Cobell has empowered individual Native landowners and tribes across
the country, who now feel they have a right to ask questions and get answers.
"I've got a
file that's three-feet thick on all the (asbestos) sampling that's been going
on. If you have a few (positive) hits, so what?"
Paul Rummelhart,
downplaying concerns about Libby, Mont., wood chips he sold that tested
positive for asbestos. The Associated Press says an estimated 1,000 tons have
been spread around Libby, the focus of an asbestos cleanup since 2000. The
Environmental Protection Agency discovered the chip contamination in 2007, but
chips were sold as recently as 2010. The agency claims it wasn't aware of that
until last year.
Washington bureau
news briefs
Daily Oklahoman (Oklahoma City): 17 July 2011
[What follows is the full text of the news story.]
July 17--Cole
seeks change
In tribal land
process
WASHINGTON -- For
the past two years, Rep. Tom Cole has been trying to "fix" a U.S.
Supreme Court decision that he and others say has created two different classes
of Indian tribes.
Tribes that were
not under federal jurisdiction in 1934, when the Indian Reorganization Act was
passed by Congress, can't have land taken into trust for them by the U.S.
government because of the 2009 court decision.
"They're
still Indian tribes in every other way" but can't have land for their
tribal governmental functions, Cole, R-Moore, said in an interview.
The issue is not a
concern to the 38 federally recognized Oklahoma tribes, Cole said.
Cole, a member of
the Chickasaw Nation and an advocate for Indian interests in Congress, authored
legislation and got it through the House as part of the last-minute spending
bill late in 2010. But it was stripped on the Senate side.
The Obama
administration is supporting the effort by Cole and Rep. Dale Kildee, D-Mich.,
to restore the trust land process to what it was before the 2009 court decision
and allow the Interior Secretary to decide whether to take land into trust for
any tribe, regardless of when it was recognized.
At a subcommittee
hearing last week, Cole said trust land was critical for tribes since state
regulation and jurisdiction are pre-empted, allowing tribes to deal directly as
sovereign governments with the United States.
But some interests
support the Supreme Court decision, including those concerned about the
proliferation of Indian gaming and others who don't want more land taken out of
the local tax base.
Two Californians
testified last week against a "clean fix" to the Supreme Court decision,
saying Congress must set more guidelines for when land can be taken into trust.
Cheryl A. Schmit,
director of a group called Stand Up for California, said: "Congress must
come to face the fact that it has essentially legalized gaming in the United States
and dictated it from the federal level to states and municipalities. If
Congress passes a 'clean fix,' it will again expand gaming nationally."
Cole said 95
percent of the 2,000 applications pending for land to be taken into trust have
nothing to do with gaming.
Inhofe wants
silence
on Veterans Day
Sen. Jim Inhofe,
R-Tulsa, is co-sponsoring legislation calling on Americans to observe two
minutes of silence on Veterans Day.
"This legislation
brings Americans across the country together to honor and remember the
commitment of our veterans -- both past and present," said Inhofe, who is
sponsoring the bill with Sen. Scott Brown, R-Mass.
Tribal
consultation
set for Oklahoma
City
The U.S.
Department of Interior announced it would host a meeting with tribes Oct. 6 in
Oklahoma City to discuss the land consolidation aspect of the recent $3.4
billion settlement in the Cobell case.
The Oklahoma City
meeting will be the last of six tribal consultations being held across the
country. The first was last week in Billings, Mont.
The settlement
includes $1.9 billion to buy individual Indian trust land that has been so
"fractionated" over generations that it generates little or no
revenue for the owners but costs the government money to administer it.
The program is
voluntary. The goal is to consolidate small land parcels for tribal use.
Boren targets rule
on rifle purchases
Rep. Dan Boren,
D-Muskogee, a National Rifle Association board member, helped push through an
amendment to prevent the U.S. Bureau of Alcohol, Tobacco, Firearms and
Explosives from enforcing a rule to track people who purchase multiple rifles
within five business days in four southern border states.
"The ATF has
no legal authority to demand these reports on rifles," Boren said.
"There is not enough support in Congress to approve this change, and the
new regulations are an attempt to circumvent congressional approval."
Pickens wants
hearing on natural gas bill
Echoing comments
made last week by Chesapeake Energy chief Aubrey McClendon, T. Boone Pickens
faulted U.S. political leaders for not pushing natural gas as an alternative to
imported oil. And he called on Congress to schedule hearings on a bill to
encourage the production and purchase of natural gas vehicles. The bill is
authored by Reps. John Sullivan, R-Tulsa, and Dan Boren, D-Muskogee; it has 182
co-sponsors.
"When you
spend more than $900,000 a minute on foreign oil, it is no wonder why we have a
fiscal crisis," Pickens said.
McClendon
announced last week that Chesapeake would invest $150 million in a newly
created subsidiary of a company founded by Pickens to build natural gas fueling
stations.
___
To see more of The
Oklahoman, or to subscribe to the newspaper, go to http://www.newsok.com.
Copyright (c)
2011, The Oklahoman, Oklahoma City
Distributed by
McClatchy-Tribune Information Services.
For more
information about the content services offered by McClatchy-Tribune Information
Services (MCT), visit www.mctinfoservices.com, e-mail
services@mctinfoservices.com, or call 866-280-5210 (outside the United States,
call +1 312-222-4544)
Latest Arizona
news, sports, business and entertainment
Associated Press: 15 July 2011
[What follows is the full text of the news story.]
ARIZONA EXECUTION
Judge weighs
whether to block Arizona executions
PHOENIX (AP) _ A
judge is being asked to halt executions in Arizona, with lawyers for death-row
inmates arguing that legislators set more ground rules for killing animals than
executing humans.
The inmates'
lawyers told a Maricopa County Superior Court judge during an emergency hearing
Friday that Arizona's lethal-injection law delegates policy-making decisions to
the executive branch in violation of the constitutional doctrine of separation
of powers.
A state prosecutor
argued that the state's execution protocol has been reviewed and cleared by
courts.
Inmate Thomas Paul
West is scheduled to be executed Tuesday for beating another man to death in
1987, and Judge Maria del Mar Verdin said at the end of Friday's hearing she'll
rule quickly.
The losing side is
expected to appeal to the Arizona Supreme Court.
TUCSON-INMATE
STRUCK
Prison inmate
doing road work hit by truck on I-10
TUCSON, Ariz. (AP)
_ An inmate working on a landscaping and cleanup crew on Interstate 10 just
north of Tucson has been struck by a truck pulling a horse trailer and
critically injured.
Northwest Fire
District spokesman Capt. Adam Goldberg says the inmate was flown to University
Medical Center in Tucson with life-threatening injuries after Friday morning's
accident. He had been working in the freeway median when he was struck.
Westbound I-10
remained closed between Avra Valley and Tangerine roads at 10 a.m. Friday as
state police and corrections department officials investigate how the accident
happened.
Arizona Department
of Corrections spokesman Barrett Marson says the male inmate was with a crew
from the prison in Marana.
VISA
LOTTERY-LAWSUIT
Challenge to visa
lottery dismissed by judge
WASHINGTON (AP) _
A federal judge has ruled that the State Department can toss out the results of
its May visa lottery, which were deemed invalid because of a computer error.
The State
Department said the results of a fresh drawing would be available Friday. The
judge's decision Thursday was a blow to thousands of hopeful would-be
immigrants who had been told they'd won a chance to apply for a green card.
Members of the
group had been seeking class action status in their bid to stop the government
from nullifying their selection in the visa lottery.
In early May,
about 22,000 people were notified they had won a chance to apply for a visa as
part of the Diversity Visa Lottery Program, which is aimed at increasing the
number of immigrants from the developing world and countries with historically
low rates of emigration to the U.S.
NAVAJO GENERATING
STATION
Interior asks EPA
to delay power plant proposal
FLAGSTAFF, Ariz.
(AP) _ The Interior Department is asking the U.S. Environmental Protection
Agency to put off a decision on pollution controls for a northern Arizona coal
plant for at least six months.
The EPA had
planned to release its decision on whether to require further reduction of
nitrogen oxide emissions from the Navajo Generating Station near Page this
summer. But a spokeswoman in the EPA'sSan Francisco office says that could be
delayed.
An Interior
official wrote the EPA this week saying the department needed more time to
study the impacts of potential pollution controls. A second phase of the study
would look at alternatives to coal generation.
The power plant on
the Navajo Nation ensures water and power demands are met in major metropolitan
areas.
Conservationists
see it as an environmental and health hazard.
INDIAN MONEY
Phoenix tribal
consultation in Cobell lawsuit set
OKLAHOMA CITY (AP)
_ One of five regional additional tribal consultations concerning a lawsuit
over past mismanagement of American Indian land royalties by the federal
government will be held in Phoenix on Sept. 29.
Other
consultations are set for Minneapolis, Minn., on Aug. 18; Seattle on Sept. 16;
Albuquerque, N.M. on Sept. 27 and Oct. 6 in Oklahoma City.
Last month, a
judge approved a $3.4 billion settlement over claims that U.S. officials during
the last century stole or squandered billions in land royalties meant for American
Indians in exchange for oil, gas, grazing and other leases. The lawsuit's
beneficiaries are estimated to be 500,000 or more Indians.
FALSE ID ARRESTS
MCSO arrests
illegal workers at Mesa bread factory
(Information in the
following story is from: The Arizona Republic, http://www.azcentral.com)
PHOENIX (AP) _
Maricopa County Sheriff's deputies arrested at least 28 people for allegedly
using false identification documents to get jobs at a Mesa bread factory.
The arrests were
made after deputies executed a search warrant Thursday morning at the Alpine
Valley Bread Company.
Approximately 50
to 60 employees were working inside the bakery when the raid occurred and had
arrested 28 of them by late Thursday afternoon.
Authorities say 26
of the 28 people arrested were believed to be illegal immigrants with the other
two being U.S. citizens with outstanding warrants.
The names of those
arrested weren't immediately released.
The Arizona
Republic says the Sheriff's Office had been investigating the factory for the
past 2 1/2 months.
Sheriff Joe Arpaio
declined to comment on how the agency was tipped off to the factory.
Oklahoma tribal
consultation in Cobell lawsuit set
Associated Press: 15 July 2011
[What follows is the full text of the news story.]
OKLAHOMA CITY --
One of five regional additional tribal consultations concerning a lawsuit over
past mismanagement of American Indian land royalties by the federal government
will be held in Oklahoma City.
U.S. Deputy
Interior Secretary David Hayes says a consultation regarding the land
consolidation component in the so-called Cobell lawsuit will be Oct. 6 in
Oklahoma City.
Other
consultations are set for Minneapolis, Minn., on Aug. 18; Seattle on Sept. 16;
Albuquerque, N.M. on Sept. 27 and Phoenix on Sept. 29.
Last month, a
judge approved a $3.4 billion settlement over claims that U.S. officials during
the last century stole or squandered billions in land royalties meant for
American Indians in exchange for oil, gas, grazing and other leases. The
lawsuit's beneficiaries are estimated to be 500,000 or more Indians.
Latest Oklahoma
news, sports, business and entertainment
Associated Press: 15 July 2011
[What follows is the full text of the news story.]
CHEROKEE ELECTION
Cherokees to try
again to determine who's chief
TAHLEQUAH, Okla.
(AP) _ Election commissioners for Oklahoma's largest Indian tribe will try
again to determine who it will inaugurate as chief next month.
Results from the
Cherokee Nation's election have been tied up since the vote was conducted June
25. Incumbent Chad Smith and challenger Bill John Baker have been declared
winners at different times. A recount ended with Baker up by 266 votes, but the
tribe's highest court on Tuesday ordered another recount, which will begin
Saturday in Tahlequah.
There are about
300,000 Cherokees, making it Oklahoma's largest tribe and one of the nation's
biggest. The winner will administer a $600 million annual budget.
Smith says a
number of ballots weren't counted. Baker argued Cherokee law prohibited another
recount, but after visiting Election Commission offices justices ordered
another count by hand.
INDIAN MONEY
Tribes, feds seek
new start after $3.4B settlement
BILLINGS, Mont. (AP)
_ American Indian leaders are calling for a new era in their relations with
federal agencies in the wake of the government's recent $3.4 billion settlement
for decades of mismanaging Indian lands.
Representatives of
Rocky Mountain and Great Plains tribes met with Interior Secretary Ken Salazar
Friday in Montana. The event kicked off a series of consultations planned
across the country in coming months to decide how settlement money will be
distributed.
The focus is on
$1.9 billion slated to consolidate tribal ownership of lands that have been
"fractionated" over generations. Often, hundreds of people, even
thousands, share ownership of individual parcels of Indian land.
Salazar says
centuries of strained relations with tribes would take time to overcome. But he
said the Obama administration is committed to that goal.
INDIAN
MONEY-OKLAHOMA
Oklahoma tribal
consultation in Cobell lawsuit set
OKLAHOMA CITY (AP)
_ One of five regional additional tribal consultations concerning a lawsuit
over past mismanagement of American Indian land royalties by the federal
government will be held in Oklahoma City.
U.S. Deputy
Interior Secretary David Hayes says a consultation regarding the land
consolidation component in the so-called Cobell lawsuit will be Oct. 6 in
Oklahoma City.
Other
consultations are set for Minneapolis, Minn., on Aug. 18; Seattle on Sept. 16;
Albuquerque, N.M. on Sept. 27 and Phoenix on Sept. 29.
Last month, a
judge approved a $3.4 billion settlement over claims that U.S. officials during
the last century stole or squandered billions in land royalties meant for
American Indians in exchange for oil, gas, grazing and other leases. The
lawsuit's beneficiaries are estimated to be 500,000 or more Indians.
WARDEN'S WIFE
FBI agent
testifies in Okla. warden's wife's trial
MANGUM, Okla. (AP)
_ An FBI agent says a convicted killer who escaped an Oklahoma prison _
allegedly with the help of the wife of the prison's deputy warden _ told him
that she did not assist his escape.
Agent Terry Lane
testified Friday in the trial Bobbi Parker on a charge that she helped Randolph
Dial escape the Oklahoma State Reformatory in Granite in 1994. Parker's husband
was the prison's deputy warden.
Dial and Parker
were found living at a chicken farm in Campti, Texas in April 2005.
He said Parker had
to be repeatedly reassured that Dial would not escape and that Dial said Parker
had been his hostage.
Defense attorneys
say Parker was kidnapped and stayed with Dial after he threatened to harm her
family if she left him.
GIRL DEAD
Watonga girl died
of stab wound through the heart
(Information in
the following story is from: The Oklahoman, http://www.newsok.com. Not for
online use in Oklahoma City market)
OKLAHOMA CITY (AP)
_ An 8-year-old Watonga girl who was found dead in a field behind her family's
apartment died of a stab wound through the heart.
An autopsy
released Thursday says Rosalin Reynolds suffered eight stab wounds _ including
the fatal wound that went through her heart.
The girl was found
dead March 23 by her father after she disappeared from the family home.
Prosecutors have charged 21-year-old James Daukei Jr. with first-degree murder
in the case.
Daukei is jailed
without bail. His attorney did not return phone calls seeking comment.
The girl's mother
_ Erma Daukei _ told The Oklahoman that she briefly looked at the autopsy
report. She said the facts were too much for her to absorb.
James Daukei is
Erma Daukei's cousin.
TRUSTEES-DRUGS
6 Pontotoc Co.
trustees test positive for drugs
(Information in the
following story is from: Ada Evening News, http://www.adaeveningnews.com)
ADA, Okla. (AP) _
Six trustees from the Pontotoc County jail who worked at the Pontotoc County
Agri-plex and Convention Center have tested positive for methamphetamine.
Sheriff John
Christian told the Ada Evening News that the six were tested after an employee
found a bag outside the facility that contained baggies with a substance that
proved to be meth.
Christian said
there appears to have been a "lapse" in supervision and he will
reduce the number of trustees allowed to work at the Agri-plex and that they
will no longer be allowed visitors.
The Agri-Plex and
Convention Center includes arenas for livestock events in addition to
convention facilities.
BUTKUS
AWARD-OKLAHOMA
Okla. linebackers
named to Butkus Award watch list
OKLAHOMA CITY (AP)
_ Oklahoma linebackers Travis Lewis and Tom Wort have been named to the watch
list for the 2011 Butkus Award.
The award is given
each year to the top linebacker in college football. It's named after former
Chicago Bears and University of Illinois linebacker Dick Butkus.
Semifinalists for
the Butkus Award will be announced Oct. 24 and the finalists will be named Nov.
22 and the winner will be notified in early December.
City businessman
Nick ready to launch Parabottle
Express & Echo (UK): 15 July 2011
[What follows is the full text of the news story.]
AN Exeter man has
come up with a unique way of bringing emergency supplies to disaster areas.
Nick Sprague, chairman and founder of the Marsh Bartonbased fruit ingredients
company Cobell, which owns Frobishers Juices, aims to airdrop tens of thousands
of emergency Parabottle survival pods into isolated international disaster
areas within 24 hours of a natural or manmade crisis.
The Parabottle - a
plastic "pod" fitted with a parachute in its lid that contains water,
food, a foil blanket and other essential first-aid equipment - was born when Mr
Sprague combined his knowledge of packaging with his early military experience.
A prototype is to
be tested in the Arizona desert in October Mr Sprague said: "The first 24
hours after a disaster are crucial to the survival and wellbeing of those
affected by such an event, with the threat of dehydration and disease ever
present. Parabottle has been designed to provide basic emergency survival
commodities before aid agencies arrive to provide more comprehensive relief.
The Parabottle is being launched today at the Michelmores Business Breakfast at
Exeter Golf and County ClubMr Sprague said: "Michelmores have chosen
Parabottle as the beneficiary of this month's event, which we hope will
kickstart the Pounds 30,000 prototype development fund."
Fundraising duo
hail charity trek success
EE (UK): 09 July 2011
[What follows is the full text of the news story.]
THE founder of a
new disaster relief charity is counting donations after completing the
gruelling Three Peaks challenge for charity.
Exeter businessman
Nick Sprague and colleague Bin Donaldson scaled Ben Nevis, Scafell Pike and
Snowdon in just under 19 hours.
The chief
executive of fruit firm Cobell decided to set up Parabottle in the wake of the
devastating Haiti earthquake in 2010.
The new charity
aims to deploy tens of thousands of personal emergency first aid pods by parachute
following international disasters, and needs to raise �30,000 to pay for the
development of a prototype. Nick and Bin, Cobell's business development
manager, have so far raised more than �3,000 in sponsorship through their
mountain climbing exploits. During the challenge, the duo were chauffeured
around the country between climbs by Cobell's managing director David Pearce.
They set off from
the car park at the foot of Ben Nevis on a pleasant summer's evening, reaching
the top and completing the descent in just over three hours.
From there it was
a five-and-ahalf hour drive to Scafell Pike, where they started climbing at
1.35am. By 4am they were back down again and on their way to Snowdon. They
began their final climb at 8.30am and completed the trek just under three hours
later. Nick said: "It's great to have done it and it was for a good cause,
but I probably wouldn't do it again."
Each Parabottle
will be a personal survival pod which will contain water, food, matches and a
foil blanket. The pods will be fitted with a parachute mechanism to enable
thousands to be safely dropped from an aircraft soon after a disaster and
before full-scale aid arrives.
A prototype is
currently being designed by Cardiff-based Airborne Systems and the first
Parabottles will be tested in the Arizona desert in October this year. Nick
said getting the charity up and running was hard work but that he was pleased
with progress so far.
"The first
year or 18 months is very difficult - it's akin to starting a business but with
more red tape," he said. "But it's all going quite nicely and we have
raised about �25,000 in total now. By next summer we hope to have everything
tested and the design finalised, and be in a position where if something like
Haiti happened again next August we would be ready to drop them in."
Nick drew on his
early experience in the military and his current experience in the fruit
ingredients packaging industry to create the Parabottle concept.
. Donations can be
made via www.parabottle.org.uk or w ww. just g iv in g. c o m /n i ck -sprague.
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PHOTO OPPORTUNITY WITH HOUSE SPEAKER NANCY PELOSI (D-CA) AND HOUSE AND
SENATE DEMOCRATS SUBJECT: ENROLLMENT CEREMONY FOR PIGFORD, COBELL SETTLEMENT
LEGISLATION LOCATION: RAYBURN ROOM, THE CAPITOL, WASHINGTON, D.C. TIME: 11:10
A.M. EST DATE: THURSDAY, DECEMBER 2, 2010 |
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Congressional
Hearing Transcript Database |
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[What follows is the full text of the
article.] PHOTO OPPORTUNITY WITH HOUSE SPEAKER NANCY
PELOSI (D-CA) AND HOUSE AND SENATE DEMOCRATS SUBJECT: ENROLLMENT CEREMONY FOR
PIGFORD, COBELL SETTLEMENT LEGISLATION LOCATION: RAYBURN ROOM, THE CAPITOL,
WASHINGTON, D.C. TIME: 11:10 A.M. EST DATE: THURSDAY, DECEMBER 2, 2010 SPEAKER PELOSI: The bells are ringing.
(Laughter.) My colleagues. Good morning, everyone. REP. DALE KILDEE (D-MI): (Off mic.) The
Catholic Church calls it a -- (inaudible) -- I saw from the tears in your
eyes this morning. SPEAKER PELOSI: Thank you. Thank you,
Dale. It's appropriate that the bells are
ringing as we walk in for the enrollment ceremony of this important
legislation. Because it signals -- (inaudible,
background noise) -- okay, we can wait. Because it signals the end of a sad
chapter in our nation's history. By sending the president legislation to
provide funding to settle the African-American farmers and Native American
lawsuits against the federal government, we are finally ensuring the federal
government will honor the commitment made in these cases. I'd like to recognize the leadership of
Majority Whip Jim Clyburn. Relentless would be too gentle a word to even
begin capture the attitude and the strength which he brought to his
unrelenting efforts to create -- the progress we are celebrating today. I'd also like to thank Dr. John Boyd,
founder and president of the National Black Farmers Association, for his
stalwart advocacy outside the Congress. I'm honored to be here today with Chairman
Bennie Thompson, Bobby Scott, Carolyn Kilpatrick, Sanford Bishop, G.K.
Butterfield, who have been working on this black farmer issue for a very long
time. REP. G.K. BUTTERFIELD (D-NC): Pigford is
my constituent. SPEAKER PELOSI: (Chuckles.) All right. His
constituent, Mr. Butterfield's constituent. The other part of it is the
Cobell settlement and Dale Kildee, Martin Heinrich, Ben Ray Lujan and Sandy
Levin, along with from -- coming over from the Senate, our former House
colleague Ben Cardin joined, really, a very persistent advocate in the
Congress, Congresswoman Rosa DeLauro, chair of the Appropriations Committee
-- of the appropriations agriculture subcommittee, thank you Rosa DeLauro for
your leadership. We have Congresswoman Grace Napolitano,
who is -- for whom this has been an important issue, joining us as well. REP. MELVIN WATT (D-NC): Mel Watt. SPEAKER PELOSI: Mel Watt from North
Carolina. You know, we really could have -- (inaudible) -- thank you, we
could have so many of our members here because so many played an important
role in this. Over a period of time after some very,
very tense debates, but again, we're very, very proud of the action that we
will take today to sign the bill to send to the president to change the law,
to bring justice long overdue in the Pigford, Cobell cases. And I want to --
we always, are always quoting Dr. Martin Luther King from the Birmingham
jail. I used to think that we should just have it constantly playing in the
Capitol of the United States, because no matter what we are doing, there is
some part of that speech that talks about justice and fairness and doing the
right thing, that applies no matter what course of action we're taking at any
moment. But as Martin Luther King wrote in the letters from the Birmingham
jail, "Injustice anywhere is a threat to justice everywhere." By
compensating black farmers and Native Americans for past failures of judgment
by the United States Department of Agriculture and the Department of the
Interior, we close the door on an old injustice. We must be ever-vigilant in
terms of how the law is enforced. We must recognize that women farmers,
Hispanic farmers and others have not been addressed appropriately yet. But we
are proud to have done this in and -- what we have done today in a fiscally
sound way not adding a dime to the deficit. On behalf of the fundamental American values
of justice, I am pleased now to sign this legislation. So we all go over
here? REP. : Yes. SPEAKER PELOSI: A lot of history here,
isn't it? Oh, my goodness. A lot of history, a lot of injustice --
(inaudible). #### END Copyright 2010 by Federal News Service,
Inc., Ste. 500, 1000 Vermont Avenue NW, Washington, DC 20005 USA. Federal
News Service is a private firm not affiliated with the federal government. No
portion of this transcript may be copied, sold or retransmitted without the
written authority of Federal News Service, Inc.. Copyright is not claimed as
to any part of the original work prepared by a United States government
officer or employee as a part of that person's official duties. For
information on subscribing to the FNS Internet Service at www.fednews.com,
please email Carina Nyberg at cnyberg@fednews.com or call 1-800-211-4020.
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PHOTO OPPORTUNITY WITH HOUSE SPEAKER NANCY PELOSI (D-CA) AND HOUSE AND
SENATE DEMOCRATS SUBJECT: ENROLLMENT CEREMONY FOR PIGFORD, COBELL SETTLEMENT LEGISLATION
LOCATION: RAYBURN ROOM, THE CAPITOL, WASHINGTON, D.C. TIME: 11:10 A.M. EST
DATE: THURSDAY, DECEMBER 2, 2010 |
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Washington
Newsmaker Transcript Database |
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[What follows is the full text of the
article.] PHOTO OPPORTUNITY WITH HOUSE SPEAKER NANCY
PELOSI (D-CA) AND HOUSE AND SENATE DEMOCRATS SUBJECT: ENROLLMENT CEREMONY FOR
PIGFORD, COBELL SETTLEMENT LEGISLATION LOCATION: RAYBURN ROOM, THE CAPITOL,
WASHINGTON, D.C. TIME: 11:10 A.M. EST DATE: THURSDAY, DECEMBER 2, 2010 SPEAKER PELOSI: The bells are ringing.
(Laughter.) My colleagues. Good morning, everyone. REP. DALE KILDEE (D-MI): (Off mic.) The
Catholic Church calls it a -- (inaudible) -- I saw from the tears in your
eyes this morning. SPEAKER PELOSI: Thank you. Thank you,
Dale. It's appropriate that the bells are
ringing as we walk in for the enrollment ceremony of this important
legislation. Because it signals -- (inaudible,
background noise) -- okay, we can wait. Because it signals the end of a sad
chapter in our nation's history. By sending the president legislation to
provide funding to settle the African-American farmers and Native American
lawsuits against the federal government, we are finally ensuring the federal
government will honor the commitment made in these cases. I'd like to recognize the leadership of
Majority Whip Jim Clyburn. Relentless would be too gentle a word to even
begin capture the attitude and the strength which he brought to his
unrelenting efforts to create -- the progress we are celebrating today. I'd also like to thank Dr. John Boyd,
founder and president of the National Black Farmers Association, for his
stalwart advocacy outside the Congress. I'm honored to be here today with Chairman
Bennie Thompson, Bobby Scott, Carolyn Kilpatrick, Sanford Bishop, G.K.
Butterfield, who have been working on this black farmer issue for a very long
time. REP. G.K. BUTTERFIELD (D-NC): Pigford is
my constituent. SPEAKER PELOSI: (Chuckles.) All right. His
constituent, Mr. Butterfield's constituent. The other part of it is the
Cobell settlement and Dale Kildee, Martin Heinrich, Ben Ray Lujan and Sandy
Levin, along with from -- coming over from the Senate, our former House
colleague Ben Cardin joined, really, a very persistent advocate in the
Congress, Congresswoman Rosa DeLauro, chair of the Appropriations Committee
-- of the appropriations agriculture subcommittee, thank you Rosa DeLauro for
your leadership. We have Congresswoman Grace Napolitano,
who is -- for whom this has been an important issue, joining us as well. REP. MELVIN WATT (D-NC): Mel Watt. SPEAKER PELOSI: Mel Watt from North
Carolina. You know, we really could have -- (inaudible) -- thank you, we
could have so many of our members here because so many played an important
role in this. Over a period of time after some very,
very tense debates, but again, we're very, very proud of the action that we
will take today to sign the bill to send to the president to change the law,
to bring justice long overdue in the Pigford, Cobell cases. And I want to --
we always, are always quoting Dr. Martin Luther King from the Birmingham
jail. I used to think that we should just have it constantly playing in the
Capitol of the United States, because no matter what we are doing, there is
some part of that speech that talks about justice and fairness and doing the
right thing, that applies no matter what course of action we're taking at any
moment. But as Martin Luther King wrote in the letters from the Birmingham
jail, "Injustice anywhere is a threat to justice everywhere." By
compensating black farmers and Native Americans for past failures of judgment
by the United States Department of Agriculture and the Department of the
Interior, we close the door on an old injustice. We must be ever-vigilant in
terms of how the law is enforced. We must recognize that women farmers,
Hispanic farmers and others have not been addressed appropriately yet. But we
are proud to have done this in and -- what we have done today in a fiscally
sound way not adding a dime to the deficit. On behalf of the fundamental American
values of justice, I am pleased now to sign this legislation. So we all go
over here? REP. : Yes. SPEAKER PELOSI: A lot of history here,
isn't it? Oh, my goodness. A lot of history, a lot of injustice --
(inaudible). #### END Copyright 2010 by Federal News Service,
Inc., Ste. 500, 1000 Vermont Avenue NW, Washington, DC 20005 USA. Federal
News Service is a private firm not affiliated with the federal government. No
portion of this transcript may be copied, sold or retransmitted without the
written authority of Federal News Service, Inc.. Copyright is not claimed as
to any part of the original work prepared by a United States government
officer or employee as a part of that person's official duties. For
information on subscribing to the FNS Internet Service at www.fednews.com,
please email Carina Nyberg at cnyberg@fednews.com or call 1-800-211-4020.
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
0.560422 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
- |
27.8 |
- |
- |
- |
|
Turnover (Exports) |
- |
8.3 |
- |
- |
- |
|
Total Turnover |
37.5 |
36.1 |
- |
- |
- |
|
Cost of Sales |
- |
31.6 |
- |
- |
- |
|
Total Expenses |
36.8 |
- |
- |
- |
- |
|
Gross Profit |
- |
4.6 |
- |
- |
- |
|
Depreciation |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Other Expenses |
- |
3.2 |
- |
- |
- |
|
Other Income |
0.0 |
0.0 |
- |
- |
- |
|
Interest Paid |
0.2 |
0.2 |
- |
- |
- |
|
Exceptional Income |
0.0 |
0.0 |
- |
- |
- |
|
Discontinued Operations |
0.0 |
0.0 |
- |
- |
- |
|
Profit Before Taxes |
0.5 |
1.2 |
- |
- |
- |
|
Tax Payable / Credit |
0.2 |
0.3 |
- |
- |
- |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
- |
- |
- |
|
Dividends |
0.0 |
0.8 |
- |
- |
- |
|
Profit After Taxes |
0.3 |
0.1 |
- |
- |
- |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
- |
- |
- |
|
Audit Fees |
0.0 |
0.0 |
- |
- |
- |
|
Number of Employees |
26 |
18 |
- |
- |
- |
|
Wages |
1.6 |
1.8 |
- |
- |
- |
|
Social Security Costs |
0.1 |
0.2 |
- |
- |
- |
|
Pensions |
0.0 |
0.1 |
- |
- |
- |
|
Other Pension Costs |
0.0 |
0.1 |
- |
- |
- |
|
Employees Remuneration |
1.7 |
2.0 |
- |
- |
- |
|
Directors Emoluments |
- |
1.1 |
- |
- |
- |
|
Other Costs |
0.8 |
0.0 |
- |
- |
- |
|
Directors Remuneration |
0.8 |
1.2 |
- |
- |
- |
|
Highest Paid Director |
0.2 |
0.4 |
- |
- |
- |
|
|
|
|
|
Annual Balance
Sheet |
|
Financials in:
USD (mil) |
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
0.576518 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.1 |
0.0 |
- |
- |
- |
|
Fixtures & Fittings |
0.0 |
0.0 |
- |
- |
- |
|
Plant & Vehicles |
0.7 |
0.6 |
- |
- |
- |
|
Total Tangible Fixed Assets |
0.8 |
0.7 |
0.6 |
0.4 |
0.2 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.1 |
0.2 |
0.0 |
0.2 |
|
Total Fixed Assets |
0.8 |
0.8 |
0.8 |
0.4 |
0.4 |
|
Stocks |
2.6 |
2.1 |
- |
- |
- |
|
Work in Progress |
0.0 |
0.0 |
- |
- |
- |
|
Total Stocks Work In Progress |
2.6 |
2.1 |
1.4 |
0.9 |
0.4 |
|
Trade Debtors |
6.6 |
5.2 |
- |
- |
- |
|
Inter-Company Debtors |
1.0 |
0.6 |
- |
- |
- |
|
Other Debtors |
0.1 |
0.1 |
- |
- |
- |
|
Total Debtors |
7.7 |
5.8 |
5.1 |
3.7 |
2.1 |
|
Cash and Equivalents |
0.5 |
0.7 |
0.1 |
0.4 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
10.9 |
8.6 |
6.5 |
5.0 |
2.4 |
|
Total Assets |
11.7 |
9.4 |
7.2 |
5.4 |
2.9 |
|
Trade Creditors |
6.2 |
5.0 |
- |
- |
- |
|
Bank Overdraft |
2.0 |
1.4 |
- |
1.9 |
1.3 |
|
Inter-Company Creditors |
0.0 |
0.0 |
- |
- |
- |
|
Director Loans (Current Liability) |
0.3 |
- |
- |
- |
- |
|
Hire Purchase (Current Liability) |
0.1 |
0.1 |
- |
- |
- |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.1 |
0.1 |
- |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
0.1 |
0.1 |
- |
- |
- |
|
Social Security/VAT |
0.3 |
0.9 |
- |
- |
- |
|
Corporation Tax |
0.2 |
0.2 |
- |
- |
- |
|
Other Current Liabilities |
0.0 |
0.1 |
6.2 |
3.1 |
1.3 |
|
Total Current Liabilities |
9.2 |
7.8 |
6.2 |
5.0 |
2.6 |
|
Group Loans (Long Term Liability) |
- |
0.0 |
- |
- |
- |
|
Director Loans (Long Term Liability) |
- |
0.0 |
- |
- |
- |
|
Hire Purchase (Long Term Liability) |
0.2 |
0.2 |
- |
- |
- |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Total Hire Purchase Loans (Long Term Liability) |
0.2 |
0.2 |
- |
- |
- |
|
Other Long Term Loans |
0.3 |
0.0 |
- |
- |
- |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Total Long Term Liabilities |
0.6 |
0.2 |
0.1 |
0.1 |
0.1 |
|
Deferred Taxation |
0.1 |
0.0 |
- |
- |
- |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.8 |
0.7 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Retained Earnings |
1.0 |
0.7 |
0.9 |
0.3 |
0.1 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
1.8 |
1.4 |
0.9 |
0.3 |
0.2 |
|
Net Worth |
1.8 |
1.4 |
0.9 |
0.3 |
0.2 |
|
|
|
Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
0.560422 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
-0.5 |
2.0 |
- |
- |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.2 |
-0.2 |
- |
- |
- |
|
Taxation |
-0.3 |
-0.2 |
- |
- |
- |
|
Capital Expenditures |
-0.1 |
-0.2 |
- |
- |
- |
|
Acquisitions and Disposals |
0.0 |
0.0 |
- |
- |
- |
|
Paid Up Equity |
0.0 |
-0.8 |
- |
- |
- |
|
Management of Liquid Resources |
0.0 |
0.0 |
- |
- |
- |
|
Net Cash Flow From Financing |
0.3 |
0.1 |
- |
- |
- |
|
Increase in Cash |
-0.9 |
0.7 |
- |
- |
- |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
0.576518 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.18 |
1.11 |
1.04 |
1.01 |
0.95 |
|
Liquidity Ratio |
0.89 |
0.85 |
0.82 |
0.83 |
0.81 |
|
Stock Turnover |
13.57 |
14.93 |
- |
- |
- |
|
Credit Period (Days) |
67.49 |
61.47 |
- |
- |
- |
|
Working Capital by Sales |
4.61% |
2.79% |
- |
- |
- |
|
Trade Credit by Debtors |
0.93 |
0.97 |
- |
- |
- |
|
Return on Capital |
19.31% |
62.56% |
- |
- |
- |
|
Return on Assets |
4.04% |
10.81% |
- |
- |
- |
|
Profit Margin |
1.32% |
3.31% |
- |
- |
- |
|
Return on Shareholders Funds |
26.07% |
71.09% |
- |
- |
- |
|
Borrowing Ratio |
167.96% |
111.62% |
- |
651.66% |
664.96% |
|
Equity Gearing |
15.50% |
15.21% |
12.16% |
5.40% |
6.67% |
|
Debt Gearing |
31.91% |
11.54% |
- |
- |
- |
|
Interest Coverage |
2.04 |
6.27 |
- |
- |
- |
|
Sales by Tangible Assets |
45.25 |
45.64 |
- |
- |
- |
|
Average Remuneration per Employee |
0.1 |
0.1 |
- |
- |
- |
|
Profit per Employee |
0.0 |
0.1 |
- |
- |
- |
|
Sales per Employee |
1.4 |
1.7 |
- |
- |
- |
|
Capital Employed per Employee |
0.1 |
0.1 |
- |
- |
- |
|
Tangible Assets per Employee |
0.0 |
0.0 |
- |
- |
- |
|
Total Assets per Employee |
0.4 |
0.5 |
- |
- |
- |
|
Employee Remuneration by Sales |
4.65% |
5.65% |
- |
- |
- |
|
Creditor Days (Cost of Sales Based) |
63.02 |
68.54 |
- |
- |
- |
|
Creditor Days (Sales Based) |
63.02 |
59.90 |
- |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.20 |
|
|
1 |
Rs.73.51 |
|
Euro |
1 |
Rs.64.76 |
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 |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.