MIRA INFORM REPORT

 

 

Report Date :           

26.07.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

PREMIER NUTRITION PRODUCTS LIMITED 

 

 

Registered Office :

Weston Centre, 10 Grosvenor Street, London W1k 4qy

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

18.09.2010

 

 

Date of Incorporation :

26.03.1991

 

 

Com. Reg. No.:

02595515

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of prepared feeds for farm animals

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

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

PREMIER NUTRITION PRODUCTS LIMITED

Company Number

02595515

Registered Address

WESTON CENTRE

Trading Address

Brick Kiln Way
The Levels Industrial Estate
The Levels
Rugeley, Staffordshire
WS15 1RD

 

10 GROSVENOR STREET

 

 

LONDON

 

 

W1K 4QY

 

 

 

 

 

Website Address

http://www.premiernutrition.co.uk

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

26/03/1991

Company Status

Non trading

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

08/02/2011

Date of Change

-

Share Capital

£39,394

Sic Code

1571

Currency

GBP

Sic Description

MANUFACTURE OF PREPARED FEEDS FOR FARM ANIMALS

Principal Activity

The company did not trade during y/e 18.09.10.

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

10

Current Directors

Name

David Jonathan Douglas Yiend

Date of Birth

24/09/1951

Officers Title

Mr

Nationality

British

Present Appointments

26

Function

Director

Appointment Date

03/04/2008

 

 

Address

Warren Farm,  Little Bytham,  Grantham,  NG33 4RD

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Richard Charles Cloke

Date of Birth

04/06/1961

Officers Title

Mr

Nationality

British

Present Appointments

22

Function

Director

Appointment Date

03/04/2008

 

 

Address

Abbots Barn,  High Street,  Hemingford Abbots,  PE28 9AH

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Rosalyn Sharon Schofield

Date of Birth

-

Officers Title

Mrs

Nationality

British

Present Appointments

8

Function

Company Secretary

Appointment Date

03/04/2008

 

 

Address

Weston Centre 10 Grosvenor Street,  ,  London,  W1K 4QY

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

 

 

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

 

Top 20 Shareholders

Name

Individual Share Value

AB AGRI LTD

39,394 ORDINARY GBP 1.00

 

 

PAYMENT INFORMATION

 

Na

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure Summary

Company Name

PREMIER NUTRITION PRODUCTS LIMITED

Company Number

02595515

Holding Company

AB AGRI LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

WITTINGTON INVESTMENTS LIMITED

Companies in group

170

 

 

FINANCIAL INFORMATION

 

Profit & Loss

Date Of Accounts

18/09/10

(%)

12/09/09

(%)

13/09/08

(%)

30/06/07

(%)

30/06/06

Weeks

53

(%)

52

(%)

63

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

£5,159,372

25%

£4,128,314

Wages & Salaries

-

-

-

-

-

-

£2,510,876

-1.1%

£2,538,127

Directors Emoluments

-

-

-

-

-

-

£451,937

-

-

Operating Profit

-

-

-

-

-

-

£2,194,820

126.2%

£970,146

Depreciation

-

-

-

-

-

-

£229,041

29.9%

£176,363

Audit Fees

-

-

-

-

-

-

-

-

£10,500

Interest Payments

-

-

-

-

-

-

£83,129

39.3%

£59,681

Pre Tax Profit

-

-

-

-

-

-

£2,206,403

118.5%

£1,009,817

Taxation

-

-

-

-

-

-

-£76,690

74.6%

-£302,129

Profit After Tax

-

-

-

-

-

-

£2,129,713

200.9%

£707,688

Dividends Payable

-

-

-

-

-

-

£944,135

13.3%

£833,333

Retained Profit

-

-

-

-

-

-

£1,185,578

999.9%

-£125,645

 

Balance Sheet

Date Of Accounts

18/09/10

(%)

12/09/09

(%)

13/09/08

(%)

30/06/07

(%)

30/06/06

Tangible Assets

0

-

0

-

0

-100%

£1,754,443

-8.4%

£1,915,042

Intangible Assets

0

-

0

-

0

-100%

£37,800

-7.7%

£40,950

Total Fixed Assets

0

-

0

-

0

-100%

£1,792,243

-8.4%

£1,955,992

Stock

0

-

0

-

0

-100%

£937,793

23.3%

£760,396

Trade Debtors

0

-

0

-

0

-100%

£3,506,751

40.6%

£2,494,472

Cash

0

-

0

-

0

-100%

£495,083

-30.6%

£713,104

Other Debtors

0

-

0

-

0

-100%

£1,605,813

-30.7%

£2,315,768

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

0

-

0

-

0

-100%

£6,545,440

4.2%

£6,283,740

Trade Creditors

0

-

0

-

0

-100%

£3,364,166

-15%

£3,958,432

Bank Loans & Overdrafts

0

-

0

-

0

-100%

£26,000

-

£26,000

Other Short Term Finance

0

-

0

-

0

-100%

£501,330

-36.1%

£785,000

Miscellaneous Current Liabilities

0

-

0

-

0

-100%

£334,496

-41%

£567,173

Total Current Liabilities

0

-

0

-

0

-100%

£4,225,992

-20.8%

£5,336,605

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-100%

£450,664

-13.1%

£518,339

Other Long Term Finance

0

-

0

-

0

-

0

-100%

£322,339

Total Long Term Liabilities

0

-

0

-

0

-100%

£424,664

-13.7%

£492,339

 

Capital & Reserves

Date Of Accounts

18/09/10

(%)

12/09/09

(%)

13/09/08

(%)

30/06/07

(%)

30/06/06

Called Up Share Capital

-

-

-

-

-

-100%

£39,394

18.1%

£33,350

P & L Account Reserve

-

-

-

-

-

-100%

£3,563,017

49.9%

£2,377,438

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-100%

£84,616

-

-

Shareholder Funds

-

-

-

-

-

-100%

£3,687,027

52.9%

£2,410,788

 

Other Financial Items

Date Of Accounts

18/09/10

(%)

12/09/09

(%)

13/09/08

(%)

30/06/07

(%)

30/06/06

Net Worth

-

-

-

-

-

-100%

£3,649,227

54%

£2,369,838

Working Capital

-

-

-

-

-

-100%

£2,319,448

144.9%

£947,135

Total Assets

-

-

-

-

-

-100%

£8,337,683

1.2%

£8,239,732

Total Liabilities

-

-

-

-

-

-100%

£4,650,656

-20.2%

£5,828,944

Net Assets

-

-

-

-

-

-100%

£3,687,027

52.9%

£2,410,788

 

Cash Flow

Date Of Accounts

18/09/10

(%)

12/09/09

(%)

13/09/08

(%)

30/06/07

(%)

30/06/06

Net Cashflow from Operations

-

-

-

-

-

-

£1,027,603

-52.6%

£2,170,090

Net Cashflow before Financing

-

-

-

-

-

100%

-£276,006

-156.4%

£489,669

Net Cashflow from Financing

-

-

-

-

-

-

£57,985

279.9%

-£32,232

Increase in Cash

-

-

-

-

-

-

-£218,021

-141.8%

£521,901

 

Miscellaneous

Date Of Accounts

18/09/10

(%)

12/09/09

(%)

13/09/08

(%)

30/06/07

(%)

30/06/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

-

-

-

-

-

-100%

£4,111,691

41.6%

£2,903,127

Number of Employees

-

-

-

-

-

-

82

5.1%

78

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

THE ROYAL BANK OF SCOTLAND PLC

Bank Branch Code

 

 

Ratios

Date Of Accounts

18/09/10

12/09/09

13/09/08

30/06/07

30/06/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

-

-

-

1.55

1.18

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

12.20

21.50

Equity in %

-

-

-

44.40

29.40

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

-

-

-

1.33

1.03

Return On Capital Employed %

-

-

-

53.66

34.78

Return On Total Assets Employed %

-

-

-

26.46

12.26

Current Debt Ratio

-

-

-

1.14

2.21

Total Debt Ratio

-

-

-

1.26

2.42

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

59.84

41.89

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

18/09/2010

-

-

-

-

12/09/2009

-

-

-

-

13/09/2008

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Unfortunately Atradius Collections are unable to chase / collect debts placed against companies whose status is one of the following:


Non Trading, In Administration, In Liquidation, Company is dissolved, Dormant Company

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade Debtors / Bad Debt -

1

 

Total Value of Documented Trade Debtors / Bad Debt -

£458

 

 

Outstanding

0

Satisfied

6

 

Event History

Date

Description

26/03/2011

Annual Returns

14/02/2011

New Accounts Filed

26/04/2010

New Accounts Filed

01/04/2010

Annual Returns

08/09/2009

New Company Secretary Ms R.S. Schofield appointed

22/05/2009

New Accounts Filed

02/04/2009

Annual Returns

01/08/2008

Annual Returns

28/04/2008

New Accounts Filed

28/04/2008

Change in Reg.Office

28/04/2008

Change of Company Postcode

14/01/2008

Annual Returns

26/04/2007

New Accounts Filed

23/02/2006

New Accounts Filed

22/09/2005

New Board Member (TIMOTHY JOHNTHACKER) appointed

 

 

NOTES & COMMENTS

 

Na

 

 Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.72.49

Euro

1

Rs.63.87

 

 

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.