MIRA INFORM REPORT

 

 

Report Date :           

26.05.2011

 

NotE:

There are no companies registered at the above given address. The address in the report is the company’s Registered Address.

 

IDENTIFICATION DETAILS

 

Name :

SCANTEX EUROPE LIMITED

 

 

Registered Office :

21 High Street, Lutterworth, Leicestershire, LE17 4AT

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

01.09.2000

 

 

Com. Reg. No.:

04063395

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Agents in textiles, clothing, footwear & leather goods

 

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 :

£47,000

 

 

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 summary

 Bottom of Form

 

Top of Form

Company Name

SCANTEX EUROPE LIMITED

Company Number

04063395

Registered Address

21 HIGH STREET

Trading Address

Keats Lane
Earl Shilton
Leicester
Leicestershire
LE9 7DQ

 

LUTTERWORTH

 

 

LEICESTERSHIRE

 

 

LE17 4AT

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

01/09/2000

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

28/08/2010

Date of Change

-

Share Capital

£2

Sic Code

5116

Currency

GBP

Sic Description

AGENTS IN TEXTILES, CLOTHING, FOOTWEAR & LEATHER GOODS

Principal Activity

Agents in textiles, footwear etc.

 

Accounts Due Date 31/12/2011

Credit Limit

Limit

£47,000

Previous Limit

£30,000

Contract Limit

£94,000

 

 

 

 

 

 

Commentary

 

No exact match CCJs are recorded against the company.

The credit limit on this company has risen 5.3% in comparison to the previously suggested credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth decreased by 0.6%.

A 6.4% growth in Total Assets occurred in the previous 12 month trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an increase in their Cash Balance of 3.6% in the previous 12 month trading period.

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is not part of a group.

The negative change in the P&L Account Reserve suggests that the company made a loss after tax and other appropriations.

The company was established over 9 years ago.

Last 3 Years Credit Limit

 

Date

Limit

31/12/2010

£47,000

31/12/2009

£38,000

31/12/2008

£75,000

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2010

-

-

£538,883

-

31/03/2009

-

-

£487,004

-

31/03/2008

-

-

£489,720

-

 

 

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

 

Outstanding

2

Satisfied

0

 

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

3

 

 

Current Directors

 

Name

Neil Andrew Bostock

Date of Birth

10/02/1949

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

01/09/2000

 

 

Address

The Long Barn Tooley Farm,  Leicester Road,  Earl Shilton,  LE9 7TJ

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Rachel Cooper

Date of Birth

10/04/1974

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

28/11/2008

 

 

Address

13 Harrington Street,  Sawley,  Nottingham,  NG10 3GW

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Lewis Michael Beresford-Bostock

Date of Birth

30/01/1984

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

14/07/2010

 

 

Address

14 Barons Close,  Kirby Muxloe,  Leicester,  LE9 2BW

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Stephen James Franklin

Date of Birth

02/11/1946

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

28/11/2008

 

 

Address

58 Park View,  Sharnford,  Hinckley,  LE10 3PT

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Top 20 Shareholders

 

Name

Individual Share Value

NEIL ANDREW BOSTOCK

2 ORDINARY GBP 1.00

 

 

Profit & Loss

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£34,477

64.1%

£21,009

69.8%

£12,373

16.9%

£10,588

184.1%

£3,727

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Tangible Assets

£89,366

59%

£56,213

66.6%

£33,744

6.3%

£31,736

76%

£18,036

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£89,366

59%

£56,213

66.6%

£33,744

6.3%

£31,736

76%

£18,036

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

£377,433

154.3%

£148,398

4.6%

£141,853

-55.5%

£319,085

-

0

Cash

£881,618

31.6%

£669,978

3.6%

£646,449

2.3%

£631,848

110.1%

£300,761

Other Debtors

0

-

0

-

0

-

0

-100%

£494,178

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,259,051

53.8%

£818,376

3.8%

£788,302

-17.1%

£950,933

19.6%

£794,939

Trade Creditors

£806,682

108.7%

£386,562

31.4%

£294,293

-53.8%

£637,351

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-100%

£36,495

5.1%

£34,717

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£572,050

Total Current Liabilities

£806,682

108.7%

£386,562

16.9%

£330,788

-50.8%

£672,068

17.5%

£572,050

Bank Loans & Overdrafts and LTL

£2,852

178.8%

£1,023

-33.5%

£1,538

22.9%

£1,251

16.2%

£1,077

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£2,852

178.8%

£1,023

-33.5%

£1,538

22.9%

£1,251

16.2%

£1,077

 

 

Capital & Reserves

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Called Up Share Capital

£2

-

£2

-

£2

-

£2

-

£2

P & L Account Reserve

£538,881

10.7%

£487,002

-0.6%

£489,718

-

-

-100%

£239,846

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-100%

£309,348

-

-

Shareholder Funds

£538,883

10.7%

£487,004

-0.6%

£489,720

58.3%

£309,350

29%

£239,848

 

 

Other Financial Items

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Net Worth

£538,883

10.7%

£487,004

-0.6%

£489,720

58.3%

£309,350

29%

£239,848

Working Capital

£452,369

4.8%

£431,814

-5.6%

£457,514

64.1%

£278,865

25.1%

£222,889

Total Assets

£1,348,417

54.2%

£874,589

6.4%

£822,046

-16.3%

£982,669

20.9%

£812,975

Total Liabilities

£809,534

108.9%

£387,585

16.6%

£332,326

-50.6%

£673,319

17.5%

£573,127

Net Assets

£538,883

10.7%

£487,004

-0.6%

£489,720

58.3%

£309,350

29%

£239,848

 

Cash Flow

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£541,735

11%

£488,027

-0.7%

£491,258

58.2%

£310,601

28.9%

£240,925

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

SIMPSON & CO (ACCOUNTANTS) LTD

Auditor Comments

The audit report contains no adverse comments

Bankers

 

Bank Branch Code

 

 

 

Ratios

 

 

Date Of Accounts

31/03/10

31/03/09

31/03/08

31/03/07

31/03/06

 

 

Pre-tax profit margin %

-

-

-

-

-

 

 

Current ratio

1.56

2.12

2.38

1.41

1.39

 

 

Sales/Net Working Capital

-

-

-

-

-

 

 

Gearing %

0.50

0.20

0.30

0.40

0.40

 

 

Equity in %

40

55.70

59.60

31.50

29.50

 

 

Creditor Days

-

-

-

-

-

 

 

Debtor Days

-

-

-

-

-

 

 

Liquidity/Acid Test

1.56

2.11

2.38

1.41

1.39

 

 

Return On Capital Employed %

-

-

-

-

-

 

 

Return On Total Assets Employed %

-

-

-

-

-

 

 

Current Debt Ratio

1.49

0.79

0.67

2.17

2.39

 

 

Total Debt Ratio

1.50

0.79

0.67

2.17

2.39

 

 

Stock Turnover Ratio %

-

-

-

-

-

 

 

Return on Net Assets Employed %

-

-

-

-

-

 

 

 

 

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

 

29/09/2010

Annual Returns

 

10/09/2010

New Accounts Filed

 

23/07/2010

New Board Member Mr L.M. Beresford-Bostock appointed

 

23/09/2009

Annual Returns

 

05/08/2009

New Accounts Filed

 

12/12/2008

Mr G.H. Parker has resigned as company secretary

 

12/12/2008

New Board Member Ms R. Cooper appointed

 

12/12/2008

New Company Secretary Mr S.J. Franklin appointed

 

17/09/2008

Annual Returns

 

25/07/2008

New Accounts Filed

 

30/07/2007

New Accounts Filed

 

04/10/2006

New Accounts Filed

 

07/05/2006

Creditsafe Rating refinement

 

27/07/2005

New Accounts Filed

 

30/09/2004

Annual Returns

 

 

 

Limit History

 

Date

Limit

10/09/2010

£47,000

23/07/2010

£30,000

09/04/2010

£28,500

22/09/2009

£38,000

05/08/2009

£37,000

31/07/2009

£31,000

08/03/2009

£32,000

25/07/2008

£75,000

30/07/2007

£37,500

04/10/2006

£22,500

Previous Company Names

 

No Previous Names found

 

 

Group Structure Summary


Company Name

SCANTEX EUROPE LIMITED

Company Number

04063395

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

 

Group structure

 

No group structure

 



Bottom of Form

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.73.31

Euro

1

Rs.63.70

 

 

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.