MIRA INFORM REPORT

 

 

Report Date :

26.07.2011

 

IDENTIFICATION DETAILS

 

Name :

CLIFFE PACKAGING LIMITED

 

 

Formerly Known As :

CLIFFE INDUSTRIAL PACKAGING LIMITED

 

 

Registered Office :

Genesis Centre Innovation Way Stoke-On-Trent Staffordshire ST6 4BF

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.08.2010

 

 

Date of Incorporation :

11.07.2003

 

 

Com. Reg. No.:

04829354

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

The sale, conversion and distribution of flexible industrial packaging materials

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

£50,000

Status :

Good

Payment Behaviour :

No Complaints

Litigation :

Clear

 

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name

CLIFFE PACKAGING LIMITED

Company Number

04829354

Registered Address

GENESIS CENTRE INNOVATION WAY

Trading Address

Ravensdale
Stoke-on-trent
Staffordshire
ST6 4NU

 

STOKE-ON-TRENT

 

 

STAFFORDSHIRE

 

 

ST6 4BF

 

 

 

 

 

Website Address

http://www.cliffeindustrial.com

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

11/07/2003

Company Status

Active - Accounts Filed

Previous Name

CLIFFE INDUSTRIAL PACKAGING LIMITED

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

04/05/2011

Date of Change

01/02/2011

Share Capital

£245,167

Sic Code

5190

Currency

GBP

Sic Description

OTHER WHOLESALE

Principal Activity

The sale, conversion and distribution of flexible industrial packaging materials.

 

CREDIT RECOMENDATION

 

Current Credit Limit:

Limit

£50,000

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

6

 

Current Directors

 

Name

David Karl Dawber

Date of Birth

12/03/1963

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

07/10/2003

 

 

Address

2 Heydon Lane,  Southgate, Cawston,  Norwich,  NR10 4HZ

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Name

Stuart Bidgood

Date of Birth

15/09/1953

Officers Title

Mr

Nationality

British

Present Appointments

16

Function

Director

Appointment Date

07/10/2003

 

 

Address

3 Aitken Close,  ,  Norwich,  NR7 8BB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Philip Joseph Dawber

Date of Birth

15/09/1964

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

07/10/2003

 

 

Address

26 High Beeches Close,  Oakenden Bryn,  Wigan,  WN4 8EF

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

David Gregory Heafey

Date of Birth

15/06/1971

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Company Secretary

Appointment Date

31/08/2005

 

 

Address

7 Blunstone Close,  ,  Crewe,  CW2 8LS

 

NEGATIVE INFORMATION

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

0

 

 

 

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

SHARE & SHARE CAPITAL INFORMATION

 

Share Capital

£245,167

 

Top 20 Shareholders

 

Name

Individual Share Value

DAVID KARL DAWBER

65,000 ORDINARY GBP 1.00

STUART BIDGOOD

65,000 ORDINARY GBP 1.00

PHILIP JOSEPH DAWBER

60,000 ORDINARY GBP 1.00

JERRY STEPHENS

20,000 ORDINARY GBP 1.00

HAROLD BELL

10,000 ORDINARY GBP 1.00

RICHARD STANDLEY

10,000 ORDINARY GBP 1.00

DAVID GREGORY HEAFEY

6,000 ORDINARY GBP 1.00

ANDREW ALEXANDER MEIR

5,667 ORDINARY GBP 1.00

IAN DOUGHTY

3,500 ORDINARY GBP 1.00

 

PAYMENT INFORMATION

 

Na

 

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure Summary

 

Company Name

CLIFFE PACKAGING LIMITED

Company Number

04829354

Holding Company

CLIFFE PACKAGING LIMITED

Ownership Status

Ultimately Owned

Ultimate Holding Company

CLIFFE PACKAGING LIMITED

Companies in group

2

 

Group structure

 

Company Name

 

Safe Number

Registered Number

Latest Key Financials

Consol. Accounts

Rating

Limit

Turnover

CLIFFE PACKAGING LIMITED

 

UK04475923

04829354

31.08.2010

N

83

£50,000

£5,707,510

WILLDAN LIMITED

 

UK02812991

03153968

31.08.2010

N

77

£1,000

 

 

FINANCIAL INFORMATION

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/08/2010

£5,707,510

£103,725

£827,355

-

31/08/2009

£5,140,872

£106,736

£784,024

-

31/08/2008

£6,002,367

£116,900

£701,751

-

 

Profit & Loss

 

Date Of Accounts

31/08/10

(%)

31/08/09

(%)

31/08/08

(%)

31/08/07

(%)

31/08/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

Y

Turnover

£5,707,510

11%

£5,140,872

-14.4%

£6,002,367

8.6%

£5,526,987

3%

£5,365,906

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£4,704,686

-

£4,171,469

-

£4,939,413

9.3%

£4,521,162

2%

£4,432,441

Gross Profit

£1,002,824

3.4%

£969,403

-8.8%

£1,062,954

5.7%

£1,005,825

7.8%

£933,465

Wages & Salaries

-

-

-

-

-

-

-

-

£442,663

Directors Emoluments

£221,056

-0.6%

£222,346

15.3%

£192,854

21.4%

£158,840

5.9%

£149,975

Operating Profit

£86,671

-53.4%

£185,915

-19%

£229,573

-1.7%

£233,468

39.4%

£167,440

Depreciation

£15,994

-39%

£26,209

-9.8%

£29,055

-7.5%

£31,401

-7.3%

£33,871

Audit Fees

£4,750

-55.8%

£10,750

115%

£5,000

10.5%

£4,525

-10.4%

£5,050

Interest Payments

£52,665

-33.5%

£79,179

-29.7%

£112,673

12.7%

£100,007

68.6%

£59,299

Pre Tax Profit

£103,725

-2.8%

£106,736

-8.7%

£116,900

-12.4%

£133,461

23.4%

£108,141

Taxation

-£33,870

2.3%

-£34,678

8.3%

-£37,810

-6.8%

-£35,414

-16.9%

-£30,291

Profit After Tax

£69,855

-3.1%

£72,058

-8.9%

£79,090

-19.3%

£98,047

25.9%

£77,850

Dividends Payable

£20,000

-

-

-

-

-

-

-

-

Retained Profit

£49,855

-30.8%

£72,058

-8.9%

£79,090

-19.3%

£98,047

25.9%

£77,850

 

Balance Sheet

 

Date Of Accounts

31/08/10

(%)

31/08/09

(%)

31/08/08

(%)

31/08/07

(%)

31/08/06

Tangible Assets

£111,981

-80.9%

£585,131

-3.7%

£607,740

-2.8%

£624,991

-3.3%

£646,566

Intangible Assets

£433,323

-7.1%

£466,656

-6.7%

£499,992

-7.4%

£539,995

-4.7%

£566,664

Total Fixed Assets

£545,304

-48.2%

£1,051,787

-5.1%

£1,107,732

-4.9%

£1,164,986

-4%

£1,213,230

Stock

£976,129

39.1%

£701,650

-21.4%

£892,402

20.7%

£739,126

-2.7%

£759,707

Trade Debtors

£1,505,687

21.4%

£1,239,804

-12.9%

£1,422,671

3.2%

£1,378,005

3.5%

£1,331,321

Cash

£1,022

-91.6%

£12,201

18%

£10,340

-18.9%

£12,744

167.6%

£4,762

Other Debtors

£53,092

146.6%

£21,530

-34.9%

£33,080

66.7%

£19,843

36.1%

£14,576

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£2,535,930

28.4%

£1,975,185

-16.3%

£2,358,493

9.7%

£2,149,718

1.9%

£2,110,366

Trade Creditors

£914,549

78.3%

£513,017

-43.8%

£912,978

-5.4%

£965,491

-16.4%

£1,155,007

Bank Loans & Overdrafts

£1,088,633

-18.3%

£1,333,187

-3.3%

£1,378,943

15%

£1,199,075

12.5%

£1,065,679

Other Short Term Finance

£7,232

-36.3%

£11,357

-28.9%

£15,973

-27.2%

£21,949

35.8%

£16,168

Miscellaneous Current Liabilities

£225,206

68.4%

£133,767

-17.7%

£162,627

-7.4%

£175,668

5.2%

£167,003

Total Current Liabilities

£2,235,620

12.3%

£1,991,328

-19.4%

£2,470,521

4.6%

£2,362,183

-1.7%

£2,403,857

Bank Loans & Overdrafts and LTL

£1,106,892

-30.2%

£1,584,807

-5.3%

£1,672,896

9.8%

£1,523,810

4.7%

£1,455,679

Other Long Term Finance

£1,000

-

£1,000

-

£1,000

-

£1,000

-99.7%

£378,721

Total Long Term Liabilities

£18,259

-92.7%

£251,620

-14.4%

£293,953

-9.5%

£324,735

-16.7%

£390,000

 

Capital & Reserves

 

Date Of Accounts

31/08/10

(%)

31/08/09

(%)

31/08/08

(%)

31/08/07

(%)

31/08/06

Called Up Share Capital

£245,167

-1.9%

£250,000

1.4%

£246,500

-1.4%

£250,000

-

£250,000

P & L Account Reserve

£547,065

33.9%

£408,551

22%

£334,874

17.1%

£285,890

54.9%

£184,606

Revaluation Reserve

-

-100%

£88,658

-1.8%

£90,277

-1.8%

£91,896

-3.4%

£95,133

Sundry Reserves

£35,123

-4.6%

£36,815

22.3%

£30,100

-

-

-

-

Shareholder Funds

£827,355

5.5%

£784,024

11.7%

£701,751

11.8%

£627,786

18.5%

£529,739

 

 

Other Financial Items

 

Date Of Accounts

31/08/10

(%)

31/08/09

(%)

31/08/08

(%)

31/08/07

(%)

31/08/06

Net Worth

£394,032

24.2%

£317,368

57.3%

£201,759

129.8%

£87,791

337.8%

-£36,925

Working Capital

£300,310

999.9%

-£16,143

85.6%

-£112,028

47.3%

-£212,465

27.6%

-£293,491

Total Assets

£3,081,234

1.8%

£3,026,972

-12.7%

£3,466,225

4.6%

£3,314,704

-0.3%

£3,323,596

Total Liabilities

£2,253,879

0.5%

£2,242,948

-18.9%

£2,764,474

2.9%

£2,686,918

-3.8%

£2,793,857

Net Assets

£827,355

5.5%

£784,024

11.7%

£701,751

11.8%

£627,786

18.5%

£529,739

 

Cash Flow

 

Date Of Accounts

31/08/10

(%)

31/08/09

(%)

31/08/08

(%)

31/08/07

(%)

31/08/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

£66,842

Net Cashflow before Financing

-

-

-

-

-

-

-

-100%

£590,425

Net Cashflow from Financing

-

-

-

-

-

-

-

-

£254,208

Increase in Cash

-

-

-

-

-

-

-

-

£336,217

 

Miscellaneous

 

Date Of Accounts

31/08/10

(%)

31/08/09

(%)

31/08/08

(%)

31/08/07

(%)

31/08/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£845,614

-18.3%

£1,035,644

4%

£995,704

4.5%

£952,521

3.6%

£919,739

Number of Employees

-

-

-

-

-

-

-

-

16

Auditors

LYON GRIFFITHS LIMITED

Auditor Comments

The audit report contains no adverse comments

Bankers

BANK OF SCOTLAND

Bank Branch Code

12-49-25

 

Ratios

 

Date Of Accounts

31/08/10

31/08/09

31/08/08

31/08/07

31/08/06

Pre-tax profit margin %

1.82

2.08

1.95

2.41

2.02

Current ratio

1.13

0.99

0.95

0.91

0.88

Sales/Net Working Capital

19.01

-318.46

-53.58

-26.01

-

Gearing %

133.80

202.10

238.40

242.70

274.80

Equity in %

31.20

30.60

23.70

22.60

19.20

Creditor Days

58.32

36.32

55.36

63.59

78.57

Debtor Days

96.02

87.78

86.27

90.75

90.56

Liquidity/Acid Test

0.69

0.63

0.59

0.60

0.56

Return On Capital Employed %

12.26

10.30

11.74

14.01

11.76

Return On Total Assets Employed %

3.36

3.52

3.37

4.02

3.25

Current Debt Ratio

2.70

2.53

3.52

3.76

4.54

Total Debt Ratio

2.72

2.86

3.93

4.27

5.27

Stock Turnover Ratio %

17.10

13.64

14.86

13.37

14.16

Return on Net Assets Employed %

12.53

13.61

16.65

21.26

20.41

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

*Event History

 

Date

Description

19/07/2011

Annual Returns

13/05/2011

New Accounts Filed

01/03/2011

Change in Reg.Office

01/03/2011

Change of Company Postcode

03/02/2011

Change of Name

05/08/2010

Annual Returns

08/07/2010

Mr A. Meir has left the board

15/03/2010

New Accounts Filed

03/12/2009

Change in Reg.Office

03/12/2009

Change of Company Postcode

10/08/2009

Annual Returns

26/04/2009

New Accounts Filed

03/09/2008

Annual Returns

26/03/2008

New Board Member Mr A. Meir appointed

19/11/2007

New Accounts Filed

 

Previous Company Names

 

Date

Previous Name

01/02/2011

CLIFFE INDUSTRIAL PACKAGING LIMITED

06/09/2005

WILLDAN LIMITED

24/09/2003

DAWBER LIMITED

 

Status History

 

No Status History found

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.72.49

Euro

1

Rs.63.86

 

 

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.