MIRA INFORM REPORT

 

 

Report Date :

07.06.2011

 

IDENTIFICATION DETAILS

 

Name :

BC INTERNATIONAL LTD

 

 

Registered Office :

CTS House Hope Street, Rotherham, South Yorkshire, S60 1LH.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

29.06.2005

 

 

Com. Reg. No.:

05494852

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Wholesalers of Clothing & Fabrics

 

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 :

--

 

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 Identification Details

 

Subject Reported on

BC INTERNATIONAL LTD

Registration Number

05494852

VAT Number

GB720785630

Address

SHIPSTONE BUSINESS CENTRE, NORTH GATE, NOTTINGHAM, NOTTINGHAMSHIRE, NG7 7FN.

Telephone

0115 970 4544

Facsimile

0115 970 4543

Email

info@bcinternational.org

Web Address

www.bcinternational.org

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

05494852

VAT Number

GB720785630

Subject Status

Trading

Date of Incorporation

29/06/2005

Registered Office

CTS HOUSE HOPE STREET, ROTHERHAM, SOUTH YORKSHIRE, S60 1LH.

History

6/11/2007 : The Registered Office address changed from 63 EAST BAWTRY ROAD, BRECKS, ROTHERHAM, S60 4.

 

11/08/2006 : The Registered Office address changed from FAIRWAY HOUSE, SLEDGATE LANE, WICKERSLEY, ROT.

Date of Last Annual Return to Registry

29/06/2010

Accounts

The last filed accounts at Companies House are those to 30/06/2010

Accounting Reference Date

30/06

 

 

 

Operations

 

 

Activities

Wholesalers of Clothing & Fabrics.

Nace Code

2123

Premises

Rented,Offices,Warehouse

Staff Employed

60

Import Countries

EUROPE

Export Countries

ALL OVER THE WORLD

Bankers

NATIONAL WESTMINSTER BANK PLC

Address

ROSS-ON-WYE.

Sort Code

543051

Auditors

Camplejohn Rowan

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

0

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

05/10/2009

Manufacture of computers and other information processing equipment

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

09/12/2008

Companies House Gazette

Change among directors of a company

21/05/2007

Companies House Gazette

Change among directors of a company

06/09/2005

Companies House Gazette

Change among directors of a company

01/08/2005

Companies House Gazette

Change among directors of a company

 

 

 

Directors

 

 

Director

PAUL EDWARD WELDON

Service Address

CTS HOUSE HOPE STREET, ROTHERHAM, SOUTH YORKSHIRE, S60 1LH.

Country of Origin

UNITED KINGDOM

Date of Birth

20/08/1964

Appointment Date

18/05/2007

Other Directorships

COMPLETE TECHNICAL SERVICES LIMITED, THE PANIC ROOM COMPANY LIMITED

 

Share Capital

 

Shares

Ordinary GBP 1.00

Issued Number

10

Principal Shareholder

10 Paul Edward Weldon

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

 

 

 

 

Financial Data– Statutory Accounts

 

 

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

 

For annual accounts images, view the

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

30/06/2010

30/06/2009

30/06/2008

30/06/2007

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

2

2

3

4

Tangible Assets

2

2

3

4

TOTAL CURRENT ASSETS

10

14

10

1

Trade debtors

10

14

10

1

TOTAL ASSETS

12

16

13

5

TOTAL CURRENT LIABILITIES

45

42

44

13

Trade creditors

45

42

44

13

WORKING CAPITAL

(35)

(28)

(34)

(12)

NET ASSETS/(LIABILITIES)

(33)

(26)

(31)

(8)

SHARE CAPITAL + RESERVES

(33)

(26)

(31)

(8)

Profit and Loss account

(33)

(26)

(31)

(8)

SHAREHOLDERS FUNDS

(33)

(26)

(31)

(8)

CAPITAL EMPLOYED

(33)

(26)

(31)

(8)

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

30/06/2010

30/06/2009

30/06/2008

30/06/2007

Currency

GBP

GBP

GBP

GBP

Liquid Assets

10

14

10

1

Net Working Capital

(35)

(28)

(34)

(12)

Tangible Net Worth(T.N.W)

(33)

(26)

(31)

(8)

Equity

(33)

(26)

(31)

(8)

Number of Years Trading

5

4

3

2

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

30/06/2010

30/06/2009

30/06/2008

30/06/2007

Current Ratio

0.2

0.3

0.2

0.1

Quick Ratio

0.2

0.3

0.2

0.1

T.N.W/Total Assets%

(275)

(162.5)

(238.5)

(160)

Equity Gearing%

(73.3)

(61.9)

(70.5)

(61.5)

 

 

 

Key Industry Sector Trends

 

 

Year

2010

2009

2008

2007

Sample Size

813

1208

1258

1295

Pre-Tax Profit Margin

3.4

1.7

2.5

2.4

Current Ratio

1.4

1.4

1.4

1.4

Borrowing Ratio

80.9

88.1

77.9

111.9

Return on Capital

16.1

9.5

13.2

15.5

Creditors Days

47

45

78

51

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Manufacture of articles of paper and paperboard

 

 

 

Financial Summary

 

 

Auditors Qualification

The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.

 

No Turnover

The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.

 

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shownon the Balance Sheet is GBP 7,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 7,000.

 

Working Capital

The company's working capital deficiency increased in the period and now totals GBP 35,000.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.46

Euro

1

Rs.65.47

 

 

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.