MIRA INFORM REPORT

 

 

Report Date :           

07.11.2011

 

IDENTIFICATION DETAILS

 

Name :

BELL PACKAGING LTD.

 

 

Registered Office :

Unit 8 Barratt Industrial Park, Airport Way, Luton, LU2 9NH

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

18.02.1974

 

 

Com. Reg. No.:

01160538

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Packaging Materials Manufacturers

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 name & address 

 

Bell Packaging Ltd.

Barratt Industrial Park

Airport Way

Luton, LU2 9NH

United Kingdom

Tel:       01582459292

Fax:      01582450181

Web:    www.bellpackaging.com

           

 

Synthesis

 

Employees:                  25

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             Rospet Packaging Ltd.

Quoted Status:              Non-quoted Company

Incorporation Date:         18-Feb-1974    

Financials in:                 USD (Millions)

Fiscal Year End:            30-Sep-2010

Reporting Currency:       British Pound Sterling

Annual Sales:                NA

Total Assets:                 2.3

 

 

Business Description     

 

Packaging Materials Manufacturers

 

Industry

Industry            Containers and Packaging

ANZSIC 2006:    1913 - Polymer Foam Product Manufacturing

NACE 2002:      2522 - Manufacture of plastic packing goods

NAICS 2002:     3261 - Plastics Product Manufacturing

UK SIC 2003:    2522 - Manufacture of plastic packing goods

US SIC 1987:    3086 - Plastics Foam Products

 

           

Key Executives   

 

Name

Title

Ian Bennett

Sales Director

Peter Lennie

Secretary

 

Financial Summary

 

 

FYE: 30-Sep-2010

USD (mil)

Key Figures

 

Current Assets

1.78

Fixed Assets

0.47

Total Liabilities

0.97

Net Worth

1.21

 

Key Ratios

 

Current Ratio

1.83

Acid Test

1.77

 

 

Registered No.(UK): 01160538

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6425498

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6345983

 

Corporate Overview

 

Location

Barratt Industrial Park

Airport Way

Luton, LU2 9NH

Bedfordshire County

United Kingdom

Tel:       01582459292

Fax:      01582450181

Web:    www.bellpackaging.com

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.4

Employees:                   25

Fiscal Year End:            30-Sep-2010

Industry:                        Containers and Packaging

           

Registered Address:

Unit 8 Barratt Industrial Park

Airport Way

Luton, LU2 9NH

United Kingdom

 

Incorporation Date:         18-Feb-1974

Company Type: Private Subsidiary

Quoted Status:  Not Quoted

Registered No.(UK):       01160538

Secretary:                     Peter Lennie

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

1913     -          Polymer Foam Product Manufacturing

 

NACE 2002 Codes:

2522     -          Manufacture of plastic packing goods

 

NAICS 2002 Codes:

3261     -          Plastics Product Manufacturing

 

US SIC 1987:

3086     -          Plastics Foam Products

 

UK SIC 2003:

2522     -          Manufacture of plastic packing goods

 

Business Description

Packaging Materials Manufacturers

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.4

Current Assets:

1.1

 

Fixed Assets:

0.3

 

Long Term Debt:

0.0

 

Total Liabilities:

0.6

 

Issued Capital:

0.2

 

Working Capital:

0.5

 

Net Worth:

0.8

 

 

 

Date of Financial Data:

30-Sep-2010

 

1 Year Growth

5.1%

 

Key Corporate Relationships

Auditor History

Ivan Sopher And Co

30-Sep-2009

Ivan Sopher And Co

30-Sep-2008

Ivan Sopher And Co

30-Sep-2007

Ivan Sopher And Co

30-Sep-2006

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Rospet Packaging Ltd.
Bell Packaging Ltd.

Total Corporate Family Members: 2 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Rospet Packaging Ltd.

Parent

Luton

United Kingdom

Commercial Banks

 

 

 

Bell Packaging Ltd.

Subsidiary

Luton

United Kingdom

Containers and Packaging

 

25

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Peter Lennie

 

Secretary

Company Secretary

 

Ian Bennett

 

Sales Director

Sales Executive

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Barratt Industrial Park
Airport Way
Luton
United Kingdom LU2 9NH

Tel: 01582459292
Fax: 01582450181
URL:www.bellpackaging.com

Annual Return Date: 20 Jan 2011
Total Issued Capital (GBP 000): 25

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Peter 
Lennie

Current

18 Apr 1959

23 Manor Way, 
Letchworth Garden City, Hertfordshire SG6 3NL

20 Dec 1991

NA

Current:2
Previous:1
Disqualifications:0

 

Ian 
Bennett

Current

12 Nov 1965

23 Welland Close,
Crowborough, East Sussex TN6 3BF

01 Oct 2002

NA

Current:2
Previous:0
Disqualifications:0

 

Colin James 
Shaw

Previous

11 Dec 1940

55 Pasture Road, 
Letchworth Garden City, Hertfordshire SG6 3LS

20 Dec 1991

23 Apr 1997

Current:0
Previous:2
Disqualifications:0

 

Peter James 
Bell

Previous

05 Feb 1926

56 Park Avenue North, 
Harpenden, Hertfordshire AL5 2ED

20 Dec 1991

23 Apr 1997

Current:0
Previous:1
Disqualifications:0

 

Roslyn Ann
Penn

Previous

06 Mar 1954

Sundon Park Health Centre Tenth Avenue, 
Luton, Bedfordshire LU3 3EP

23 Apr 1997

22 Mar 2011

Current:0
Previous:5
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Peter 
Lennie

Current

NA

Unit 8 Barratt Industrial Park, Airport Way, 
Luton, Bedfordshire LU2 9NH

22 Mar 2011

NA

Current:1
Previous:0
Disqualifications:0

 

Colin James
Shaw

Previous

11 Dec 1940

55 Pasture Road, 
Letchworth Garden City, Hertfordshire SG6 3LS

20 Dec 1991

01 Oct 1995

Current:0
Previous:2
Disqualifications:0

 

Roslyn Ann
Penn

Previous

06 Mar 1954

Sundon Park Health Centre Tenth Avenue, 
Luton, Bedfordshire LU3 3EP

01 Oct 1995

22 Mar 2011

Current:0
Previous:5
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

 

Company Name

Registration Number

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Rospet Packaging Ltd

03326129

200000 Ordinary GBP 0.10

Ordinary

200,000

0.10

20,000.00

97.56

Rospet Packaging Ltd

03326129

5000 A Ordinary GBP 1.00

A Ordinary

5,000

1.00

5,000.00

2.44

 

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)          

Except for share items (millions) and per share items (actual units)   

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

30-Sep-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.64255

0.647882

0.507879

0.508116

0.555972

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.0

0.0

0.0

0.1

0.1

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

30-Sep-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.634598

0.625254

0.561026

0.490834

0.535346

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.3

0.1

0.1

0.2

0.2

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.1

0.1

0.2

0.2

0.1

Total Fixed Assets

0.5

0.2

0.3

0.3

0.3

Total Stocks Work In Progress

0.1

0.1

0.1

0.1

0.1

Total Debtors

1.2

1.2

1.5

1.8

1.6

Cash and Equivalents

0.5

0.4

0.4

0.7

0.5

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1.8

1.7

2.1

2.6

2.2

Total Assets

2.3

1.9

2.4

3.0

2.5

Other Current Liabilities

1.0

0.7

1.1

1.5

1.2

Total Current Liabilities

1.0

0.7

1.1

1.5

1.2

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Deferred Taxation

0.0

-

-

-

-

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

0.3

0.3

0.4

0.4

0.4

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.9

0.8

0.9

1.0

0.9

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

1.2

1.2

1.3

1.4

1.3

Net Worth

1.2

1.2

1.3

1.4

1.3

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

30-Sep-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.64255

0.647882

0.507879

0.508116

0.555972

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

30-Sep-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.634598

0.625254

0.561026

0.490834

0.535346

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.83

2.25

1.90

1.74

1.85

Liquidity Ratio

1.77

2.16

1.77

1.65

1.76

Equity Gearing

53.61%

60.79%

53.39%

48.64%

51.52%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.08

UK Pound

1

Rs.78.65

Euro

1

Rs.67.79

 

 

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.