MIRA INFORM REPORT

 

 

Report Date :

17.08.2011

 

IDENTIFICATION DETAILS

 

Name :

STC (FILM CONVERTERS) LTD

 

 

Registered Office :

Dalton Gates West Lane Dalton-On-Tees Darlington, DL2 2PP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.08.2010

 

 

Date of Incorporation :

20.03.1997

 

 

Com. Reg. No.:

03336990

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacture of plastic packing goods and manufacture of other plastic products.

 

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

 

Status :

Satisfactory

Payment Behaviour :

Usually Correct

Litigation :

Clear

 

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name and address

 

Top of Form

Bottom of Form

Stc (Film Converters) Ltd           

           

 

Dalton Gates

West Lane

Dalton-On-Tees

Darlington, DL2 2PP

United Kingdom

 

 

Tel:

01325378847

Fax:

01325378649

 

www.stcfilm.com

 

Employees:

30

Company Type:

Private Independent

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

20-Mar-1997

Auditor:

Clive Owen And Co LLP

Financials in:

 

 

 

Fiscal Year End:

31-Aug-2010

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

7.0

 

Business Description       

 

Manufacture of plastic packing goods and manufacture of other plastic products.

 

Industry

             

 

Industry

Containers and Packaging

ANZSIC 2006:

1913 - Polymer Foam Product Manufacturing

NACE 2002:

2522 - Manufacture of plastic packing goods

NAICS 2002:

3261 - Plastics Product Manufacturing

UK SIC 2003:

2522 - Manufacture of plastic packing goods

US SIC 1987:

3086 - Plastics Foam Products

 

Key Executives

           

 

Name

Title

Heather Albania Thompson

Secretary

Stuart Harry Thompson

Director

 

Financial Summary                                                                               

 

FYE: 31-Aug-2010

USD (mil)

Key Figures

 

Current Assets

2.66

Fixed Assets

4.36

Total Liabilities

3.63

Net Worth

1.22

 

Key Ratios

 

Current Ratio

0.73

Acid Test

0.38

 

 

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6401024

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6506604


Corporate Overview

 

Location
Dalton Gates
West Lane
Dalton-On-Tees
Darlington, DL2 2PP
County Durham County
United Kingdom

 

Tel:

01325378847

Fax:

01325378649

 

www.stcfilm.com

Sales GBP(mil):

NA

Assets GBP(mil):

4.6

Employees:

30

Fiscal Year End:

31-Aug-2010

 

Industry:

Containers and Packaging

Registered Address:
Dalton Gates
West Lane Dalton On Tees
Darlington, DL2 2PP
United Kingdom

 

Incorporation Date:

20-Mar-1997

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(UK):

03336990

 

Director:

Stuart Harry Thompson

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

1919

-

Other Polymer Product Manufacturing

1913

-

Polymer Foam Product Manufacturing

 

NACE 2002 Codes:

2524

-

Manufacture of other plastic products

2522

-

Manufacture of plastic packing goods

 

NAICS 2002 Codes:

32619

-

Other Plastics Product Manufacturing

3261

-

Plastics Product Manufacturing

 

US SIC 1987:

3089

-

Plastics Products, Not Elsewhere Classified

3086

-

Plastics Foam Products

 

UK SIC 2003:

2524

-

Manufacture of other plastic products

2522

-

Manufacture of plastic packing goods

 

 

Business Description

Manufacture of plastic packing goods and manufacture of other plastic products.

 

 

More Business Descriptions

Plastics - Fabrics, Film and Sheet

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Assets:

4.6

Current Assets:

1.7

 

Fixed Assets:

2.8

 

Long Term Debt:

1.2

 

Total Liabilities:

3.6

 

Issued Capital:

0.0

 

Working Capital:

-0.6

 

Net Worth:

0.8

 

 

 

Date of Financial Data:

31-Aug-2010

 

1 Year Growth

NA

 

 

Key Corporate Relationships

Auditor:

Clive Owen And Co LLP

Bank:

Lloyds Tsb Bank PLC

 

Auditor:

Clive Owen And Co LLP

 

Auditor History

Clive Owen And Co LLP

31-Aug-2010

Clive Owen And Co LLP

31-Aug-2009

Clive Owen And Co LLP

31-Aug-2008

Clive Owen And Co LLP

31-Aug-2007

Clive Owen And Co LLP

31-Aug-2006

 

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Stuart Harry Thompson

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Heather Albania Thompson

 

Secretary

Company Secretary

 

 

 

Directors and Shareholders Report

 

Annual Return Date: 13 Mar 2011
Total Issued Capital (GBP 000): 1

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Stuart Harry
Thompson

Current

22 Mar 1951

Unit 2 Northallerton Business Park, Darlington Road,
Northallerton, North Yorkshire DL6 2NW

11 Nov 2002

NA

Current:1
Previous:1
Disqualifications:0

 

Heather Albinia
Thompson

Previous

08 May 1952

Unit 2 Northallerton Business Park, Darlington Road,
Northallerton, North Yorkshire DL6 2NW

20 Mar 1997

27 Jul 2003

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

York Place Company Nominees Limited

Previous

12 York Place,
Leeds, West Yorkshire LS1 2DS

20 Mar 1997

20 Mar 1997

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Heather Albania
Thompson

Current

NA

59 Thirsk Road,
Northallerton, North Yorkshire DL6 1PP

27 Jul 2003

NA

Current:1
Previous:0
Disqualifications:0

 

Stuart Harry
Thompson

Previous

22 Mar 1951

Unit 2 Northallerton Business Park, Darlington Road,
Northallerton, North Yorkshire DL6 2NW

20 Mar 1997

27 Jul 2003

Current:1
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

York Place Company Secretaries Limited

Previous

White Rose House 28A York Place,
Leeds, West Yorkshire LS1 2EZ

20 Mar 1997

20 Mar 1997

 

 

 

 

Individual Shareholders

 

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Stuart Harry Thompson

1000 Ordinary GBP 1.00

Ordinary

1,000

1.00

1,000.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

 

 

 

Annual Profit & Loss

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

31-Aug-2010

31-Aug-2009

31-Aug-2008

31-Aug-2007

31-Aug-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.640102

0.643147

0.502947

0.510995

0.55775

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

-

9.8

-

-

-

Turnover (Exports)

-

0.2

-

-

-

Total Turnover

-

10.0

-

-

-

Cost of Sales

-

8.2

-

-

-

Gross Profit

-

1.7

-

-

-

Depreciation

0.2

0.2

0.3

0.2

0.1

Other Expenses

-

1.2

-

-

-

Operating Profit

-

0.6

-

-

-

Other Income

-

0.0

-

-

-

Interest Paid

-

0.2

-

-

-

Exceptional Income

-

0.0

-

-

-

Profit Before Taxes

-

0.3

-

-

-

Tax Payable / Credit

-

0.0

-

-

-

Extraordinary Items/Debits

-

0.0

-

-

-

Dividends

-

0.2

-

-

-

Profit After Taxes

-

0.1

-

-

-

Minority Interests (Profit & Loss)

-

0.0

-

-

-

Audit Fees

-

0.0

-

-

-

Directors Remuneration

-

0.2

-

-

-

Highest Paid Director

-

0.2

-

-

-

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

31-Aug-2010

31-Aug-2009

31-Aug-2008

31-Aug-2007

31-Aug-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.65066

0.613572

0.548261

0.495774

0.525721

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

4.2

4.4

4.3

3.2

2.3

Intangible Assets

0.1

0.2

0.2

0.2

0.2

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

4.4

4.6

4.5

3.4

2.5

Stocks

-

0.4

-

-

-

Work in Progress

-

0.6

-

-

-

Total Stocks Work In Progress

1.3

1.0

1.2

1.0

0.6

Trade Debtors

-

0.7

-

-

-

Director Loans

0.1

0.0

-

-

-

Other Debtors

1.3

0.1

-

-

-

Total Debtors

1.4

0.8

1.5

1.3

1.2

Cash and Equivalents

0.0

0.0

0.2

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.7

1.8

2.8

2.3

1.9

Total Assets

7.0

6.4

7.3

5.7

4.4

Trade Creditors

-

1.5

-

-

-

Bank Overdraft

-

0.1

-

0.2

-

Director Loans (Current Liability)

-

0.0

-

-

-

Hire Purchase (Current Liability)

-

0.3

-

-

-

Finance Lease (Current Liability)

-

0.0

-

-

-

Total Finance Lease/Hire Purchase (Current Liability)

-

0.3

-

-

-

Accruals/Deferred Income (Current Liability)

-

0.1

-

-

-

Social Security/VAT

-

0.1

-

-

-

Corporation Tax

-

0.0

-

-

-

Other Current Liabilities

3.6

0.5

3.6

3.0

2.3

Total Current Liabilities

3.6

2.6

3.6

3.1

2.3

Hire Purchase (Long Term Liability)

-

0.5

-

-

-

Leasing (Long Term Liability)

-

0.0

-

-

-

Total Hire Purchase Loans (Long Term Liability)

-

0.5

-

-

-

Other Long Term Loans

-

1.8

1.3

1.5

1.1

Accruals/Deferred Income (Long Term Liability)

-

0.0

-

-

-

Other Long Term Liabilities

1.9

0.0

0.7

0.6

0.4

Total Long Term Liabilities

1.9

2.3

2.0

2.1

1.5

Deferred Taxation

-

0.1

-

0.0

-

Other Provisions

0.2

0.0

0.1

0.0

0.0

Total Provisions

0.2

0.1

0.1

0.0

0.0

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

1.3

1.4

1.6

0.6

0.6

Retained Earnings

0.0

0.1

0.0

-0.1

0.0

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

1.4

1.5

1.6

0.5

0.6

Net Worth

1.2

1.3

1.4

0.3

0.4

 

 

 

 

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

31-Aug-2010

31-Aug-2009

31-Aug-2008

31-Aug-2007

31-Aug-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.640102

0.643147

0.502947

0.510995

0.55775

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

31-Aug-2010

31-Aug-2009

31-Aug-2008

31-Aug-2007

31-Aug-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.65066

0.613572

0.548261

0.495774

0.525721

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

0.73

0.71

0.78

0.75

0.84

Liquidity Ratio

0.38

0.32

0.45

0.41

0.56

Stock Turnover

-

10.32

-

-

-

Credit Period (Days)

-

25.08

-

-

-

Working Capital by Sales

-

-7.13%

-

-

-

Trade Credit by Debtors

-

2.13

-

-

-

Return on Capital

-

8.31%

-

-

-

Return on Assets

-

4.97%

-

-

-

Profit Margin

-

3.06%

-

-

-

Return on Shareholders Funds

-

21.84%

-

-

-

Borrowing Ratio

-

201.21%

92.93%

621.21%

302.57%

Equity Gearing

19.35%

22.75%

21.61%

8.62%

13.20%

Debt Gearing

-

172.53%

92.93%

562.78%

302.57%

Interest Coverage

-

1.22

-

-

-

Sales by Tangible Assets

-

2.36

-

-

-

Creditor Days (Cost of Sales Based)

-

64.82

-

-

-

Creditor Days (Sales Based)

-

53.52

-

-

-

 

Bottom of Form

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.24

UK Pound

1

Rs.73.88

Euro

1

Rs.65.06

 

 

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%)

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.