MIRA INFORM REPORT

 

 

Report Date :           

29.06.2011

 

IDENTIFICATION DETAILS

 

Name :

BIOAGRI LIMITED

 

 

Registered Office :

Alexander House 38 Forehill, Ely, CAMBS, CB7 4AF

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

31.08.2007

 

 

Com. Reg. No.:

06358245

 

 

Legal Form :

Private Limited company

 

 

Line of Business :

Commodities Trading

 

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 :

Moderate

Payment Behaviour :

Usually Correct

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

 

 Bottom of Form

Company Identification Details

 

Subject Reported on

BIOAGRI LIMITED

Registration Number

06358245

VAT Number

GB917533321

Address

ALEXANDER HOUSE, 38 FOREHILL, ELY, CAMBRIDGESHIRE, CB7 4AF.

Telephone

01353 666 680

 

 

 

 

Payment Behaviour

 

 

( No Payment Analysis Data is Available )

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

06358245

VAT Number

GB917533321

Subject Status

Trading

Date of Incorporation

31/08/2007

Registered Office

ALEXANDER HOUSE 38 FOREHILL, ELY, CAMBS, CB7 4AF.

History

24/09/2009 : The Registered Office address changed from 54 THORNTON ROAD, GIRTON, CAMBRIDGESHIRE, CB3.

 

Previously located at THE OLD COACH HOUSE, 56 HIGH, CAMBRIDGE, CB2.

Date of Last Annual Return to Registry

31/08/2010

Accounts

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

Accounting Reference Date

30/06

 

 

 

Operations

 

 

Activities

Commodities trading.

Nace Code

0141

Premises

Rented,Offices

Staff Employed

3

Import Countries

No Import Activity

Export Countries

No Export Activity

Bankers

NATIONAL WESTMINSTER BANK PLC

Auditors

Tayabali Tomlin & White

 

 

 

Historical Rating

 

 

Date

Monthly Credit Guide

28/06/2011

0

28/03/2011

1,000

28/12/2010

0

28/09/2010

0

28/06/2010

0

 

 

 

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

23/11/2007

Miscellaneous

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file

 

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

Total Number of Mortgages/Charges Registered

2

Number Outstanding

2

Number Partially Satisfied

0

Number Satisfied

0

 

 

Date of Latest Mortgage Created

01/10/2009

 

 

 

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

06/10/2009

01/10/2009

Debenture

MG01

National Westminster Bank Plc

 

14/02/2008

11/02/2008

Charge Of Deposit

395

National Westminster Bank Plc

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

08/06/2011

Companies House Gazette

Notification of any change among the company's directors

15/12/2010

Companies House Gazette

Notification of any change among the company's directors

07/09/2010

Companies House Gazette

Notification of any change among the company's directors

24/09/2009

Companies House Gazette

Change among directors of a company

31/07/2009

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

MRS CLAIRE ALISON FRANCES SPINNEY

Service Address

5 THE WELL MADELEY COURT, HEMINGFORD GREY, HUNTINGDON, CAMBRIDGESHIRE, PE28 9DF.

Country of Origin

UNITED KINGDOM

Date of Birth

04/06/1966

Appointment Date

24/09/2009

 

 

 

Directors

 

 

Director

DOUGLAS MONTAGUE SPINNEY

Service Address

THE WELL MADELEY COURT, CHURCH LANE HEMINGFORD GREY, HUNTINGDON, CAMBS, PE28 9DF.

Country of Origin

UNITED KINGDOM

Date of Birth

28/08/1965

Appointment Date

29/07/2009

Other Directorships

DRIFTWELL INVESTMENTS LIMITED, WELLGRAIN LIMITED, ECOTECHNILIN HOLDINGS LIMITED, ECOTECHNILIN LIMITED, ECO-COMPOSITES LIMITED


Director


MR BEN CHARLES JOSEPH SCHADLA-HALL

Service Address

ALEXANDER HOUSE 38 FOREHILL, ELY, CAMBS, CB7 4AF.

Country of Origin

UNITED KINGDOM

Date of Birth

21/12/1977

Appointment Date

26/11/2010

Other Directorships

DRIFTWELL INVESTMENTS LIMITED, WELLGRAIN LIMITED, ECOTECHNILIN HOLDINGS LIMITED

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00 Each

Issued Number

100

Principal Shareholder

100 Driftwell Investments Ltd

 

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

 

Holding Company

DRIFTWELL INVESTMENTS LIMITED

Ultimate Parent

DRIFTWELL INVESTMENTS LIMITED

 

 

 

Financial Data– Statutory Accounts

 

 

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

 

 

 

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

35

 

Accounts Date

30/06/2010

30/04/2009

30/04/2008

 

Currency

GBP

GBP

GBP

 

TOTAL FIXED ASSETS

 

3

1

 

Tangible Assets

 

3

1

 

TOTAL CURRENT ASSETS

189

99

527

 

Trade debtors

163

89

189

 

Stocks

 

 

338

 

Other Current Assets

26

10

 

 

Cash

26

10

 

 

TOTAL ASSETS

189

102

528

 

TOTAL CURRENT LIABILITIES

244

204

505

 

Trade creditors

244

204

505

 

WORKING CAPITAL

(55)

(105)

22

 

NET ASSETS/(LIABILITIES)

(55)

(102)

23

 

SHARE CAPITAL + RESERVES

(55)

(102)

23

 

Profit and Loss account

(55)

(102)

23

 

SHAREHOLDERS FUNDS

(55)

(102)

23

 

CAPITAL EMPLOYED

(55)

(102)

23

 

 

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

35

 

Accounts Date

30/06/2010

30/04/2009

30/04/2008

 

Currency

GBP

GBP

GBP

 

Liquid Assets

189

99

189

 

Net Working Capital

(55)

(105)

22

 

Tangible Net Worth(T.N.W)

(55)

(102)

23

 

Equity

(55)

(102)

23

 

Number of Years Trading

3

2

1

 

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

30/06/2010

30/04/2009

30/04/2008

 

Current Ratio

0.8

0.5

1

 

Quick Ratio

0.8

0.5

0.4

 

T.N.W/Total Assets%

(29.1)

(100)

4.4

 

Equity Gearing%

(22.5)

(50)

4.6

 

 

 

 

Key Industry Sector Trends

 

 

Year

2011

2010

2009

2008

Sample Size

133

3923

4746

4590

Pre-Tax Profit Margin

12

11.5

10

12.5

Current Ratio

1.3

1.4

1.4

1.3

Borrowing Ratio

119.3

12.5

35.5

34.5

Return on Capital

271.2

63.7

54.2

66.9

Creditors Days

30

106

84

73

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Agricultural and animal husbandry service activities, except veterinary activities

 

 

 

Financial Summary

 

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 30/06/2010.

 

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 shown on the Balance Sheet is GBP 47,000 increase. This suggests that the Company may have made a post-tax profit of GBP 47,000.

 

Working Capital

The company's working capital deficiency reduced in the period and now stands at GBP 55,000.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.05

UK Pound

1

Rs.71.92

Euro

1

Rs.64.37

 

 

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.