MIRA INFORM REPORT

 

 

Report Date :           

23.12.2011

 

IDENTIFICATION DETAILS

 

Name :

CLINGFOIL LTD.

 

 

Registered Office :

Unit 1, Second Avenue, Poynton Ind Est Poynton, Stockport, SK12 1ND

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.05.2010

 

 

Date of Incorporation :

01.04.1982

 

 

Com. Reg. No.:

01626502

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Subject is engaged in Wholesale Business

 

 

No. of Employees :

20 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 & address 

 

Clingfoil Ltd.

Unit 1

Second Avenue

Poynton Ind Est Poynton

Stockport, SK12 1ND

United Kingdom

Tel:       01625878953

Fax:      01625859005

Web:    www.clingfoil.co.uk

           

 

Synthesis

 

Employees:                  20

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         01-Apr-1982

Auditor:                        Drabble And Co

Financials in:                 USD (Millions)

Fiscal Year End:            31-May-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                2.1

 

 

Business Description     

 

Wholesale.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:      5190 - Other wholesale

NAICS 2002:     423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:    5190 - Other wholesale

US SIC 1987:    5099 - Durable Goods, Not Elsewhere Classified

 

           


Key Executives   

 

Name

Title

Chris Andrew

Marketing Manager

Rob Mickleburgh

Sales Manager

Mark David Kenyon

Secretary

Elaine Evans

Secretary & Receptionist

Donald William Hammond

Director

 

 

Financial Summary    

 

FYE: 31-May-2010         USD (mil)

 

Key Figures

Current Assets              2.03

Fixed Assets                 0.12

Total Liabilities               1.33

Net Worth                     0.82

 

Key Ratios

Current Ratio                 1.53

Acid Test                      0.98

 

Registered No.(UK): 01626502

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6282004

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.688255

 

 

Corporate Overview

 

Location

Unit 1

Second Avenue

Poynton Ind Est Poynton

Stockport, SK12 1ND

Greater Manchester County

United Kingdom

Tel:       01625878953

Fax:      01625859005

Web:    www.clingfoil.co.uk

           


 

Sales GBP(mil):             NA

Assets GBP(mil):           1.5

Employees:                   20

Fiscal Year End:            31-May-2010

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

Unit 1

Second Avenue

Poynton Industrial Estate, Poynton Cheshire

Stockport, SK12 1ND

United Kingdom

 

Incorporation Date:         01-Apr-1982

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       01626502

Director:                        Donald William Hammond

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190     -          Other wholesale

 

NAICS 2002 Codes:

423990  -          Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190     -          Other wholesale

 

Business Description

Wholesale.

 

More Business Descriptions

Packaging Materials Manufacturers

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.5

Current Assets:

1.4

 

Fixed Assets:

0.1

 

Long Term Debt:

0.0

 

Total Liabilities:

0.9

 

Issued Capital:

0.0

 

Working Capital:

0.5

 

Net Worth:

0.6

 

 

 

Date of Financial Data:

31-May-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Auditor:

Drabble And Co

Bank:

The Royal Bank Of Scotland PLC

 

Auditor:

Drabble And Co

 

Auditor History

Drabble And Co

31-May-2010

Drabble And Co

31-May-2009

Drabble And Co

31-May-2008

Drabble And Co

31-May-2007

Drabble And Co

31-May-2006

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Donald William Hammond

 

Director

Director/Board Member

 

Paul Kenyon

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Mark David Kenyon

 

Secretary

Company Secretary

 

Elaine Evans

 

Secretary & Receptionist

Human Resources Executive

 

Rob Mickleburgh

 

Sales Manager

Sales Executive

 

Chris Andrew

 

Marketing Manager

Marketing Executive

 

 

Directors and Shareholders Report

 

Main Office Address:
Unit 1
Second Avenue
Stockport
United Kingdom SK12 1ND

Tel: 01625878953
Fax: 01625859005
URL:http://www.clingfoil.co.uk

Annual Return Date: 16 Jan 2011
Total Issued Capital (GBP 000): 4

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Mark David 
Kenyon

Current

26 Feb 1958

Rowan House Corks Lane, Disley, 
Stockport, Greater Manchester SK12 2DA

16 Jan 1992

NA

Current:2
Previous:0
Disqualifications:0

 

Paul 
Kenyon

Current

22 Nov 1954

21 Darley Road, Hazel Grove, 
Stockport, Greater Manchester SK7 6DZ

16 Jan 1992

NA

Current:1
Previous:0
Disqualifications:0

 

Donald William 
Hammond

Current

05 Mar 1948

1 Jefferson Way, Thame, 
Thame, Oxfordshire OX9 3SZ

01 May 2010

NA

Current:13
Previous:4
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Mark David 
Kenyon

Current

26 Feb 1958

Rowan House Corks Lane, Disley, 
Stockport, Greater Manchester SK12 2DA

16 Jan 1992

NA

Current:2
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

C Kenyon

200 Ordinary GBP 1.00

Ordinary

200

1.00

200.00

5.00

H Kenyon

1800 Ordinary GBP 1.00

Ordinary

1,800

1.00

1,800.00

45.00

M D Kenyon

1800 Ordinary GBP 1.00

Ordinary

1,800

1.00

1,800.00

45.00

P I Kenyon

200 Ordinary GBP 1.00

Ordinary

200

1.00

200.00

5.00

 

 

 

 

 

 

 

 

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)           

 

 

 

31-May-2010

31-May-2009

31-May-2008

31-May-2007

31-May-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.6282

0.61899

0.498857

0.520969

0.563313

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.0

0.0

-

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-May-2010

31-May-2009

31-May-2008

31-May-2007

31-May-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.688255

0.620136

0.506022

0.505536

0.534388

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

-

-

0.0

0.0

-

Fixtures & Fittings

-

-

0.0

0.0

-

Plant & Vehicles

-

-

0.0

0.0

-

Total Tangible Fixed Assets

0.0

0.0

0.0

0.0

0.0

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.1

0.1

0.1

0.0

0.0

Total Fixed Assets

0.1

0.1

0.1

0.0

0.0

Total Stocks Work In Progress

0.7

0.6

1.0

0.7

0.7

Total Debtors

1.1

1.0

1.7

1.5

1.4

Cash and Equivalents

0.2

0.4

0.4

0.5

0.4

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.0

2.0

3.2

2.7

2.5

Total Assets

2.1

2.2

3.3

2.7

2.5

Other Current Liabilities

1.3

1.1

2.0

1.5

1.5

Total Current Liabilities

1.3

1.1

2.0

1.5

1.5

Group Loans (Long Term Liability)

0.0

-

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

-

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

-

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

-

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

-

0.0

0.0

0.0

Other Long Term Loans

0.0

-

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

-

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

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

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.8

1.0

1.3

1.2

0.9

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

0.8

1.1

1.3

1.2

0.9

Net Worth

0.8

1.1

1.3

1.2

0.9

 

Annual Cash Flows

 

 

 

 

31-May-2010

31-May-2009

31-May-2008

31-May-2007

31-May-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.6282

0.61899

0.498857

0.520969

0.563313

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-May-2010

31-May-2009

31-May-2008

31-May-2007

31-May-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.688255

0.620136

0.506022

0.505536

0.534388

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.53

1.85

1.56

1.82

1.61

Liquidity Ratio

0.98

1.28

1.05

1.36

1.15

Equity Gearing

38.25%

48.84%

38.37%

45.15%

38.10%

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.78

UK Pound

1

Rs.82.73

Euro

1

Rs.68.88

 

 

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.