MIRA INFORM REPORT

 

 

Report Date :           

10.05.2011

 

IDENTIFICATION DETAILS

 

Name :

ARCADIA FOOD INDUSTRIES LIMITED

 

 

Registered Office :

Famos House, Pawson Street Laisterdyke, Bradford, West Yorkshire, Bd4 8aj.

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

21.06.1990

 

 

Com. Reg. No.:

02514227

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Manufacturers of grain mill products

 

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

 

Status :

Satisfactory

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

 

Company Identification Details

 

Subject Reported on

ARCADIA FOOD INDUSTRIES LIMITED

Registration Number

02514227

VAT Number

GB557163431

Address

FAMOS HOUSE, PAWSON STREET, BRADFORD, WEST YORKSHIRE, BD4 8AJ.

Telephone

01274 723 367

Facsimile

01274 723 368

 

 

 

 

Payment Behaviour

 

 

( No Payment Analysis Data is Available )

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

02514227

VAT Number

GB557163431

Subject Status

Trading

Date of Incorporation

21/06/1990

Registered Office

FAMOS HOUSE, PAWSON STREET LAISTERDYKE, BRADFORD, WEST YORKSHIRE, BD4 8AJ.

History

10/09/2003 : The Registered Office address changed from 191 GARNETT STREET, BRADFORD, WEST YORKS, BD3.

Date of Last Annual Return to Registry

21/06/2010

Accounts

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

Accounting Reference Date

30/06

 

 

 

Operations

 

 

Activities

Manufacturers of grain mill products.

Nace Code

1561

Premises

Leased,Offices,Factory

Staff Employed

20

Import Countries

ALL OVER THE WORLD

Export Countries

ALL OVER THE WORLD

Auditors

Stirk Lambert & Co

 

 

 

Historical Rating

 

 

Date

Monthly Credit Guide

10/05/2011

78,500

10/02/2011

75,000

10/11/2010

75,000

10/08/2010

78,500

10/05/2010

75,500

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

1

 

Search History Details

 

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

 

Date

Description

28/10/2010

Manufacture of lifting and handling equipment

13/01/2010

Manufacture of other organic basic chemicals

 

 

 

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

19/07/2001

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

01/08/2001

19/07/2001

Debenture

395

Lloyds Tsb Bank Plc

 

16/07/1992

29/06/1992

Debenture

395

Barclays 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

 

17/03/1992

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

MIRZA SAJID ALI BAIG

Service Address

93 WOODROYD ROAD, BRADFORD, WEST YORKSHIRE, BD5 8EL.

Country of Origin

UNITED KINGDOM

Date of Birth

14/06/1971

Appointment Date

21/06/1992

Other Directorships

FAMOS FOODS LIMITED, ARCADIA INDUSTRIES LIMITED, ARCADIA FOODS LIMITED

 

 

 

Directors

 

 

Director

MIRZA AMJID ALI BAIG

Service Address

5 THE MEADOWS, ADEL, LEEDS, WEST YORKSHIRE, LS16 8DX.

Country of Origin

UNITED KINGDOM

Date of Birth

16/04/1968

Appointment Date

21/06/1992

Other Directorships

FAMOS FOODS LIMITED, ARCADIA INDUSTRIES LIMITED, ARCADIA FOODS LIMITED


Director


MIRZA SAJID ALI BAIG

Service Address

93 WOODROYD ROAD, BRADFORD, WEST YORKSHIRE, BD5 8EL.

Country of Origin

UNITED KINGDOM

Date of Birth

14/06/1971

Appointment Date

21/06/1992

Other Directorships

FAMOS FOODS LIMITED, ARCADIA INDUSTRIES LIMITED, ARCADIA FOODS LIMITED

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

2

Principal Shareholder

1 Mirza Amjid Ali Baig

 

1 Mirza Sajid Ali Baig

 

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.

 

 

 

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

162

197

218

259

Tangible Assets

162

197

218

259

TOTAL CURRENT ASSETS

1142

1215

1426

1252

Trade debtors

424

455

589

666

Stocks

406

500

345

248

Other Current Assets

312

260

492

338

Cash

312

260

492

338

TOTAL ASSETS

1304

1412

1644

1511

TOTAL CURRENT LIABILITIES

472

292

447

358

Trade creditors

472

292

447

358

WORKING CAPITAL

670

923

979

894

TOTAL LONG TERM LIABS

15

16

14

23

NET ASSETS/(LIABILITIES)

817

1104

1183

1130

SHARE CAPITAL + RESERVES

817

1104

1183

1130

Profit and Loss account

817

1104

1183

1130

SHAREHOLDERS FUNDS

817

1104

1183

1130

CAPITAL EMPLOYED

832

1120

1197

1153

 

 

 

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

736

715

1081

1004

Net Working Capital

670

923

979

894

Other Deferred Liabs

15

16

14

23

Tangible Net Worth(T.N.W)

817

1104

1183

1130

Equity

817

1104

1183

1130

Number of Years Trading

20

19

18

17

 

 

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

2.4

4.2

3.2

3.5

Quick Ratio

1.6

2.4

2.4

2.8

T.N.W/Total Assets%

62.7

78.2

72

74.8

Equity Gearing%

167.8

358.4

256.6

296.6

 

 

 

Key Industry Sector Trends

 

 

Year

2010

2009

2008

2007

Sample Size

65

110

106

113

Pre-Tax Profit Margin

4.5

2.8

2.5

4.7

Current Ratio

1.7

1.7

1.8

1.7

Borrowing Ratio

95

52.7

60

104.6

Return on Capital

13.3

13.8

14.9

14.8

Creditors Days

31

29

30

33

 

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Manufacture of grain mill products, starches and starch products

 

 

 

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 shownon the Balance Sheet is GBP 287,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 287,000.

 

Working Capital

The company's working capital, while remaining positive, decreased by 27 % in the period.

 

Net Worth

Net worth reduced by GBP 287,000 during the period and now stands at GBP 817,000.

 

Fixed Assets

The subject's fixed assets reduced during the year by GBP 35,000 to GBP 162,000 and are now 12 % of total assets compared with 13 % in the previous year.

 

Long Term Liabilities

The company's long term liabilities reduced during the period by 6 % and are now 2 % of net worth compared with 1 % in the previous period.

 

Long Term Liabilities

Long term liabilities are now 1 % of total liabilities compared with 1 % in the previous period.

 

Long Term Liabilities

Long term liabilities are 2 % of capital employed, an increase of 1 % over the previous period.




FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.70

UK Pound

1

Rs.73.23

Euro

1

Rs.64.43

 

 

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.