Company Identification Details
|
Subject Reported on
|
SIVA PLASTICS LIMITED
|
|
Registration Number
|
02409513
|
|
VAT Number
|
GB329757124
|
|
Address
|
SPITFIRE HOUSE, HAZEL ROAD, WOOLSTON SOUTHAMPTON,
HAMPSHIRE, SO19 7GB.
|
|
Telephone
|
02380 448838
|
|
Facsimile
|
02380 446996
|
|
Email
|
sales@sivaplastics.com
|
|
Web Address
|
www.sivaplastics.com
|
Creditline Recommendations
|
Monthly Credit Guide
|
GBP 80,500
|
|
Legal Form
|
Private Limited
|
|
Registration Number
|
02409513
|
|
VAT Number
|
GB329757124
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
31/07/1989
|
|
Registered Office
|
SPITFIRE HOUSE, HAZEL ROAD, WOOLSTON SOUTHAMPTON, HANTS,
SO19 7GB.
|
|
History
|
31/07/1989 : Change of name from SIVA HOLDINGS LTD..
|
|
Date of Last Annual Return to Registry
|
15/12/2010
|
|
Registered Objectives
|
TO CARRY ON BUSINESS AS DEALERS IN ALL TYPES OF
POLYTHENE
|
|
Accounts
|
The last filed accounts at Companies House are those to
31/10/2009
|
|
Accounting Reference Date
|
31/10
|
|
Activities
|
The Manufacture and Distribution of Polythene Bags
|
|
Nace Code
|
2522
|
|
Premises
|
Leased,Factory,Warehouse,Head Office
|
|
Staff Employed
|
123
|
|
Trade Names
|
SIVA GROUP
|
|
Import Countries
|
EUROPE, USA
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
HSBC BANK PLC
|
|
Address
|
SOUTHAMPTON WOOLSTON.
|
|
Sort Code
|
404222
|
|
Auditors
|
BDO LLP
|
Public Record Information
|
|
Summary of CCJ's/Scottish Decrees
|
|
Period
|
Last 72 Months
|
Last 36 Months
|
Last 18 Months
|
|
Amount Summary
|
2,159
|
2,159
|
2,159
|
|
Count Summary
|
1
|
1
|
1
|
|
Unsettled Amount Summary
|
2,159
|
2,159
|
2,159
|
|
Details of the most recent
CCJ's/Scottish Decrees
|
|
Date
|
Amount
|
Type
|
Case No
|
Satisfied
|
Court
|
|
16/12/2010
|
2,159
|
Judgment
|
0QZ33833
|
|
NORTHAMPTON CCBC
|
|
Summary of Mortgages, Charges
and Satisfactions
|
|
Total Number of Mortgages/Charges Registered
|
25
|
|
Number Outstanding
|
11
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
14
|
|
|
|
|
Date of Latest Mortgage Created
|
18/11/2010
|
|
Date of Latest Satisfaction
|
03/12/2009
|
|
Details of most recent
Mortgages, Charges and Satisfactions
|
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
25/11/2010
|
18/11/2010
|
All Assets Debenture
|
MG01
|
Coface Receivables Finance Limited
|
|
|
27/11/2009
|
20/11/2009
|
Chattels Mortgage
|
MG01
|
Hsbc Equipment Finance (Uk) Ltd & Hsbc Asset Finance
(Uk) Lt
|
|
|
20/11/2009
|
09/11/2009
|
Chattels Mortgage
|
MG01
|
Lloyds Tsb Commercial Finance Limited & G C Dickens
Solicito
|
|
|
07/07/2009
|
03/07/2009
|
Legal Assignment
|
395
|
Hsbc Bank Plc
|
|
|
09/04/2009
|
08/04/2009
|
Chattels Mortgage
|
395
|
Lloyds Tsb Commercial Finance Limited (Ltsbcf)
|
|
|
26/05/2006
|
25/05/2006
|
Chattels Mortgage
|
395
|
Lloyds Udt Limited
|
|
|
12/02/2005
|
11/02/2005
|
Fixed Charge On Purchased Debts Which Fail To Vest
|
395
|
Hsbc Invoice Finance (Uk) Ltd (The Security Holder)
|
|
|
12/02/2005
|
11/02/2005
|
Floating Charge (All Assets)
|
395
|
Hsbc Invoice Finance (Uk) Ltd (The Security Holder)
|
|
|
14/05/2004
|
10/05/2004
|
Chattel Mortgage
|
395
|
Lombard North Central Plc
|
|
03/12/2009
|
02/04/2004
|
01/04/2004
|
Fixed Charge
|
395
|
Lloyds Udt Limited
|
|
It should be noted that there is no legal requirement to
file satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
|
07/10/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
05/02/1997
|
Companies House Gazette
|
Change among directors of a company
|
|
09/05/1991
|
Companies House Gazette
|
Change among directors of a company
|
|
29/01/1990
|
Companies House Gazette
|
Change among directors of a company
|
|
16/08/1989
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
Secretary
|
BABNA PREET ATHWAL
|
|
Service Address
|
TUDOR LODGE, RYEDOWN LANE EAST WELLOW, ROMSEY,
HAMPSHIRE, SO51 6BD.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
14/06/1973
|
|
Appointment Date
|
11/02/1994
|
|
Other Directorships
|
SIVA PLASTICS SOUTHAMPTON LLP, SIVA HOLDINGS
LIMITED, SPECIALITY FLEXIBLES LIMITED
|
|
Managing Director
|
TEJ PAL KAUR MEHTA
|
|
Service Address
|
CEDAR HOUSE SHERFIELD ENGLISH ROAD, PLAITFORD, ROMSEY, HAMPSHIRE,
SO51 6EF.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
25/06/1953
|
|
Appointment Date
|
15/12/1991
|
|
Other Directorships
|
SIVA PLASTICS SOUTHAMPTON LLP, SIVA HOLDINGS
LIMITED, SIVA TRADING LIMITED, SPECIALITY FLEXIBLES LIMITED
|
|
Chairman
|
GURJINDER SINGH MEHTA
|
|
Service Address
|
CEDAR HOUSE SHERFIELD ENGLISH ROAD, PLAITFORD, ROMSEY,
HAMPSHIRE, SO51 6EF.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
17/11/1941
|
|
Appointment Date
|
15/12/1991
|
|
Other Directorships
|
SIVA PLASTICS SOUTHAMPTON LLP, SIVA HOLDINGS
LIMITED, SIVA TRADING LIMITED, SPECIALITY FLEXIBLES LIMITED
|
|
Commercial Director
|
VRIND PAL MEHTA
|
|
Service Address
|
CHEDWORTH HOUSE, STRAIGHT MILE, AMPFIELD, HAMPSHIRE,
SO51 9BA.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
03/02/1972
|
|
Appointment Date
|
15/12/1991
|
|
Other Directorships
|
SIVA HOLDINGS LIMITED, SIVA TRADING
LIMITED, SPECIALITY FLEXIBLES LIMITED
|
|
Director
|
BABNA PREET ATHWAL
|
|
Service Address
|
TUDOR LODGE, RYEDOWN LANE EAST WELLOW, ROMSEY,
HAMPSHIRE, SO51 6BD.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
14/06/1973
|
|
Appointment Date
|
31/07/1996
|
|
Other Directorships
|
SIVA PLASTICS SOUTHAMPTON LLP, SIVA HOLDINGS
LIMITED, SPECIALITY FLEXIBLES LIMITED
|
|
Marketing Director
|
VIJINDER MEHTA
|
|
Service Address
|
OAKMEAD, FOX CORNER WORPLESDON, GUILDFORD, SURREY, GU3
3PP.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
06/05/1975
|
|
Appointment Date
|
05/09/2003
|
|
Other Directorships
|
SIVA PLASTICS SOUTHAMPTON LLP, SIVA HOLDINGS
LIMITED, SPECIALITY FLEXIBLES LIMITED
|
|
Director
|
ADRIAN FRANCIS GLEN
|
|
Service Address
|
7 OATLANDS, FISHLAKE MEADOWS, ROMSEY, HAMPSHIRE, SO51
0GU.
|
|
Country of Origin
|
UNITED KINGDOM
|
|
Date of Birth
|
24/04/1961
|
|
Appointment Date
|
05/09/2003
|
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
100
|
|
Principal Shareholder
|
100 Siva Holdings Ltd
|
|
The above reflects the principle shareholder(s) by
number of shares held, irrespective of share classification type.
|
|
Holding Company
|
SIVA HOLDINGS LIMITED
|
|
Ultimate Parent
|
SIVA HOLDINGS LIMITED
|
|
Financial Data– Statutory
Accounts
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
65
|
52
|
52
|
52
|
|
Accounts Date
|
31/10/2009
|
31/07/2008
|
31/07/2007
|
31/07/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
28817
|
|
|
|
|
UK sales
|
21806
|
|
|
|
|
Export
|
7011
|
|
|
|
|
Cost of goods sold
|
25042
|
|
|
|
|
GROSS PROFIT
|
3775
|
3209
|
3522
|
3442
|
|
Wages and Salaries
|
2635
|
2492
|
2389
|
2619
|
|
Directors Emoluments
|
794
|
628
|
610
|
808
|
|
Auditors Fees
|
10
|
10
|
10
|
10
|
|
Non-Audit Fees
|
1
|
4
|
4
|
4
|
|
Trading Profit
|
1649
|
1583
|
1686
|
1493
|
|
Depreciation
|
835
|
699
|
576
|
565
|
|
OPERATING PROFIT
|
814
|
884
|
1110
|
928
|
|
Interest Payable
|
329
|
250
|
215
|
194
|
|
PRE TAX PROFIT
|
485
|
634
|
895
|
734
|
|
Taxation
|
(146)
|
141
|
240
|
(152)
|
|
PROFIT AFTER TAX
|
631
|
493
|
655
|
886
|
|
Dividends Payable
|
|
|
500
|
580
|
|
RETAINED PROFITS
|
631
|
493
|
155
|
306
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
65
|
52
|
52
|
52
|
|
Accounts Date
|
31/10/2009
|
31/07/2008
|
31/07/2007
|
31/07/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
12015
|
7082
|
5826
|
4986
|
|
Tangible Assets
|
12015
|
7082
|
5826
|
4986
|
|
Fixed Assets
|
12015
|
7082
|
5826
|
4986
|
|
TOTAL CURRENT ASSETS
|
8604
|
10576
|
7620
|
6674
|
|
Trade debtors
|
4952
|
4650
|
3446
|
3500
|
|
Stocks
|
2512
|
1982
|
852
|
1157
|
|
Other Current Assets
|
1140
|
3944
|
3322
|
2017
|
|
Misc Current Assets
|
839
|
1118
|
877
|
541
|
|
Due From Group
|
170
|
2826
|
2445
|
1476
|
|
Cash
|
131
|
|
|
|
|
TOTAL ASSETS
|
20619
|
17658
|
13446
|
11660
|
|
TOTAL CURRENT LIABILITIES
|
11354
|
10771
|
7838
|
6469
|
|
Trade creditors
|
4332
|
5339
|
2861
|
2184
|
|
Short Term Loans
|
6435
|
4744
|
4345
|
3913
|
|
Bank Overdraft
|
2972
|
2971
|
2620
|
2626
|
|
Other Finance
|
1211
|
835
|
657
|
552
|
|
Due To Group
|
858
|
381
|
389
|
404
|
|
Due To Directors
|
1394
|
557
|
679
|
331
|
|
Other Liabilities
|
587
|
688
|
632
|
372
|
|
WORKING CAPITAL
|
(2750)
|
(195)
|
(218)
|
205
|
|
TOTAL LONG TERM LIABS
|
3639
|
2218
|
1431
|
1169
|
|
Long Term Loans
|
2600
|
1948
|
1191
|
867
|
|
Other Finance
|
2600
|
1948
|
1191
|
867
|
|
Other Liabilities
|
1039
|
270
|
240
|
302
|
|
NET ASSETS/(LIABILITIES)
|
5626
|
4669
|
4177
|
4022
|
|
SHARE CAPITAL + RESERVES
|
5626
|
4669
|
4177
|
4022
|
|
Revaluation Reserves
|
941
|
|
|
|
|
Profit and Loss account
|
4685
|
4669
|
4177
|
4022
|
|
SHAREHOLDERS FUNDS
|
5626
|
4669
|
4177
|
4022
|
|
CAPITAL EMPLOYED
|
9265
|
6887
|
5608
|
5191
|
|
The following figures are shown in units of 1000
|
|
Number of Weeks
|
65
|
52
|
52
|
52
|
|
Accounts Date
|
31/10/2009
|
31/07/2008
|
31/07/2007
|
31/07/2006
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
|
1234
|
1882
|
(487)
|
|
Increase in Cash
|
|
(351)
|
6
|
(1854)
|
|
Directors Remuneration
|
794
|
628
|
610
|
808
|
|
Auditors Remuneration
|
10
|
10
|
10
|
10
|
|
Liquid Assets
|
5083
|
4650
|
3446
|
3500
|
|
Net Working Capital
|
(2750)
|
(195)
|
(218)
|
205
|
|
Long Term Debt(>12 Months)
|
2600
|
1948
|
1191
|
867
|
|
Other Deferred Liabs
|
1039
|
270
|
240
|
302
|
|
Tangible Net Worth(T.N.W)
|
5626
|
4669
|
4177
|
4022
|
|
Equity
|
5626
|
4669
|
4177
|
4022
|
|
Number of Years Trading
|
20
|
19
|
18
|
17
|
|
Number of Employees
|
123
|
108
|
104
|
105
|
|
Profit per Employee
|
3943.1
|
5870.4
|
8605.8
|
6990.5
|
|
Sales per Employee
|
234284.6
|
|
|
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/10/2009
|
31/07/2008
|
31/07/2007
|
31/07/2006
|
|
Current Ratio
|
0.8
|
1
|
1
|
1
|
|
Long Term Debt/T.N.W
|
0.5
|
0.4
|
0.3
|
0.2
|
|
Pre Tax Profit Margin%
|
1.7
|
|
|
|
|
Gross Profit%
|
13.1
|
|
|
|
|
Debtors Days (D.S.O)
|
63
|
|
|
|
|
Creditors Days (D.P.O)
|
55
|
|
|
|
|
Quick Ratio
|
0.5
|
0.8
|
0.9
|
0.9
|
|
W.I.P/Inventory Days
|
36.6
|
|
|
|
|
Return on Investment%
|
5.2
|
7.6
|
11.2
|
10.2
|
|
Return on Assets%
|
2.4
|
3.6
|
6.7
|
6.3
|
|
T.N.W/Total Assets%
|
27.3
|
26.4
|
31.1
|
34.5
|
|
Return on Capital%
|
5.2
|
9.2
|
16
|
14.1
|
|
Rtn on Shareholders Funds%
|
8.6
|
13.6
|
21.4
|
18.2
|
|
Working Capital/Sales%
|
(9.5)
|
|
|
|
|
Borrowing Ratio%
|
160.6
|
143.3
|
132.5
|
118.8
|
|
Equity Gearing%
|
37.5
|
35.9
|
45.1
|
52.7
|
|
Stock Turnover
|
11.5
|
|
|
|
|
Days Purchases Outstanding
|
63.1
|
|
|
|
|
Sales/Fixed Assets
|
2.4
|
|
|
|
|
Debt Gearing
|
46.2
|
41.7
|
28.5
|
21.6
|
|
Key Industry Sector Trends
|
|
Year
|
2010
|
2009
|
2008
|
2007
|
|
Sample Size
|
1295
|
3352
|
3414
|
3454
|
|
Pre-Tax Profit Margin
|
4
|
2.1
|
2.6
|
3.2
|
|
Current Ratio
|
1.5
|
1.5
|
1.5
|
1.5
|
|
Borrowing Ratio
|
50.4
|
56.2
|
60.6
|
65.8
|
|
Return on Capital
|
21.4
|
13.7
|
17.5
|
18.9
|
|
Creditors Days
|
44
|
41
|
50
|
68
|
|
Above figures relate to companies in 2003 Standard
Industry Classification (Nace) sector : Manufacture of plastic products
|
|
Auditors Qualification
|
|
The Auditors have expressed a clean opinion (i.e. unqualified
with no referrals) on the accounts for the period ended 31/10/2009.
|
|
Only Turnover
|
|
Turnover for the year was 28,817,000.
|
|
Operating Profit
|
|
Totalled GBP 814,000. In the year prior a Profit of GBP
884,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit decreased by 23 % over the previous
year.
|
|
Working Capital
|
|
The company's working capital deficiency increased in
the period and now totals GBP 2,750,000.
|
|
Net Worth
|
|
Net worth has increased by 20 % and now stands at GBP
5,626,000.
|
|
Fixed Assets
|
|
The subject's fixed assets increased during the year by
GBP 4,933,000 to GBP 12,015,000 and are now 58 % of total assets compared
with 40 % in the previous year.
|
|
Long Term Liabilities
|
|
The company's long term liabilities increased during the
period by 64% and are now 65 % of net worth compared with 48 % in the
previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are now 18 % of total liabilities compared
with 13 % in the previous period.
|
|
Long Term Liabilities
|
|
Long term liabilities are 39 % of capital employed, an
increase of 7 % over the previous period.
|
|
