MIRA INFORM REPORT

 

 

Report Date :           

04.10.2011

 

IDENTIFICATION DETAILS

 

Name :

INNOCENT LTD.

 

 

Registered Office :

Unit 1-6, Goldhawk Industrial Estate, 2a Brackenbury Road, London, W6 0BA

 

 

Country :

United Kingdom 

 

 

Date of Incorporation :

02.06.2000

 

 

Com. Reg. No.:

04007092

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

manufactures and sells packaged fruits and drinks to its customers

 

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 :

Unknown

 

 

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 name & address 

 

Innocent Ltd.

Unit 1-6

Goldhawk Industrial Estate

2a Brackenbury Road

London, W6 0BA

United Kingdom

Tel:       020 8600 3939

Fax:      020 8600 3940

Web:  www.innocentdrinks.co.uk

 

           

Synthesis

 

Employees:                  212

Company Type:            Private Subsidiary

Corporate Family:          3 Companies

Ultimate Parent:             Fresh Trading Ltd.

Quoted Status:             Non-quoted Company

Incorporation Date:         02-Jun-2000

Auditor:                        Ernst & Young LLP       

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               171.5  1

Net Income:                   (8.1)

Total Assets:                 91.8

 

 

Business Description     

 

Innocent Ltd. manufactures and sells packaged fruits and drinks to its customers. It offers various smoothies, such as cranberries, raspberries, blackberries, bananas, oranges, mangoes, blueberries and coconuts. It provides various products under, superfoods, big cartons, thickies and juicy waters. Its thickies include yoghurt, vanilla bean, oats and honey yoghurt. The company operates a fleet of vehicles, including cow and grass vans. (Updated by OneSource Information Services)

 

Industry

Industry            Food Processing

ANZSIC 2006:    1140 - Fruit and Vegetable Processing

NACE 2002:      1532 - Manufacture of fruit and vegetable juice

NAICS 2002:     31141 - Frozen Food Manufacturing

UK SIC 2003:    1532 - Manufacture of fruit and vegetable juice

US SIC 1987:    2033 - Canned Fruits, Vegetables, Preserves, Jams, and Jellies

 

           

Key Executives   

 

Name

Title

Richard Reed

Executive Director

Sarah Jane Norman

Customer Marketing Controller

Giles Brook

Commercial Director

Adam Richard Balon

Secretary, Director

Karen Callaghan

People & Environmental Director

 

 

Financial Summary    

 

FYE: 31-Dec-2010

USD (mil)

Key Figures

 

Current Assets

90.66

Fixed Assets

1.12

Total Liabilities

43.45

Net Worth

48.33

 

Key Ratios

 

Current Ratio

2.09

Acid Test

1.69

 

                                                                         

Registered No.(UK): 04007092

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123

 

 

Corporate Overview

 

Location

Unit 1-6

Goldhawk Industrial Estate

2a Brackenbury Road

London, W6 0BA

London County

United Kingdom

Tel:       020 8600 3939

Fax:      020 8600 3940

Web:    www.innocentdrinks.co.uk

           


 

Sales GBP(mil):             111.0

Assets GBP(mil):           58.6

Employees:                   212

Fiscal Year End:            31-Dec-2010

Industry:                        Food Processing

           

Registered Address:

342 Ladbroke Grove

London, W10 5BU

United Kingdom

 

Incorporation Date:         02-Jun-2000

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       04007092

Operations Director:       Steve Spall

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3606     -          Liquor and Tobacco Product Wholesaling

1140     -          Fruit and Vegetable Processing

 

NACE 2002 Codes:

5134     -          Wholesale of alcoholic and other beverages

1532     -          Manufacture of fruit and vegetable juice

 

NAICS 2002 Codes:

31141   -          Frozen Food Manufacturing

4248     -          Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers

 

US SIC 1987:

518       -          Beer, Wine, and Distilled Alcoholic Beverages

2033     -          Canned Fruits, Vegetables, Preserves, Jams, and Jellies

 

UK SIC 2003:

1532     -          Manufacture of fruit and vegetable juice

5134     -          Wholesale of alcoholic and other beverages

 


Business Description

Innocent Ltd. manufactures and sells packaged fruits and drinks to its customers. It offers various smoothies, such as cranberries, raspberries, blackberries, bananas, oranges, mangoes, blueberries and coconuts. It provides various products under, superfoods, big cartons, thickies and juicy waters. Its thickies include yoghurt, vanilla bean, oats and honey yoghurt. The company operates a fleet of vehicles, including cow and grass vans.

 

More Business Descriptions

Manufacture of pure fruit juice drinks and smoothies.

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

111.0

Net Income:

-5.3

Assets:

58.6

Current Assets:

57.9

 

Fixed Assets:

0.7

 

Long Term Debt:

0.0

 

Total Liabilities:

27.8

 

Issued Capital:

0.0

 

Working Capital:

30.2

 

Net Worth:

30.9

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

15.1%

NA

NA

 

Key Corporate Relationships

Auditor:

Ernst & Young LLP

Bank:

Bank Of Scotland PLC

 

Auditor:

Ernst & Young LLP

 

Auditor History

Ernst & Young LLP

31-Dec-2010

Ernst And Young LLP

31-Dec-2009

Ernst And Young LLP

31-Dec-2008

Ernst And Young LLP

31-Dec-2007

Ernst And Young LLP

31-Dec-2006

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

12-31-2010

 

 

 

 

 

 


 

Corporate Family

Corporate Structure News:

 

Fresh Trading Ltd.
Innocent Ltd.

Total Corporate Family Members: 3 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Fresh Trading Ltd.

Parent

London

United Kingdom

Food Processing

200.4

250

 

Innocent Ltd.

Subsidiary

London

United Kingdom

Food Processing

171.5

212

 

This Water Ltd.

Subsidiary

London

United Kingdom

Beverages (Non-Alcoholic)

15.2

11

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Richard Reed

 

Executive Director

Chief Executive Officer

 

Jon Wright

 

Executive Director

Chief Executive Officer

 

Steve Spall

 

Operations Director

Operations Executive

 

Karen Callaghan

 

People & Environmental Director

Environment/Safety Executive

 

Adam Richard Balon

 

Secretary, Director

Company Secretary

 

Sarah Jane Norman

 

Customer Marketing Controller

Controller

 

Emma Griffin

 

People Partner

Human Resources Executive

 

Sally Hopkins

 

Training Officer

Human Resources Executive

 

Giles Brook

 

Commercial Director

Marketing Executive

 

Thomas Delabriere

 

Marketing Director

Marketing Executive

 

Dan Germain

 

Head of Creative

Marketing Executive

 

Annika Lewis

 

PR Manager

Public Relations Executive

 

Marco Ruggeri

 

Brand Manager

Product Management Executive

 

Jo Huddie

 

Learning & Development Manager

Educational Leadership

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Unit 1-6
Goldhawk Industrial Estate
London
United Kingdom W6 0BA

Tel: 020 8600 3939
Fax: 020 8600 3940
URL:www.innocentdrinks.co.uk

Annual Return Date: 02 Jun 2011

 


 

Individual Directors


 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Richard John
Reed

Current

13 Feb 1973

St James Hall 97-101 Wilsham Street, 
Notting Hill, London W11 4AU

02 Jun 2000

NA

Current:6
Previous:0
Disqualifications:0

 

Adam Richard 
Balon

Current

16 Feb 1972

3 St Stephens Crescent, 
Paddington, London W2 5QT

02 Jun 2000

NA

Current:8
Previous:0
Disqualifications:0

 

Jonathan Carlton Langley 
Wright

Current

20 Jul 1972

18 Kensington Park Gardens, 
Notting Hill, London W11 3HD

02 Jun 2000

NA

Current:4
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors


 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Brighton Director Limited

Previous

381 Kingsway, 
Hove, East Sussex BN3 4QD

02 Jun 2000

02 Jun 2000

 

 

 

 

Individual Secretaries


 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Adam Richard 
Balon

Current

16 Feb 1972

3 St Stephens Crescent, 
Paddington, London W2 5QT

02 Jun 2000

NA

Current:8
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries


 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Brighton Secretary Limited

Previous

381 Kingsway, 
Hove, East Sussex BN3 4QD

02 Jun 2000

02 Jun 2000

 

 

 

 

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

Fresh Trading Limited

03720071

2 Ordinary GBP 1.00

Ordinary

2

1.00

2.00

100.00

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.42

UK Pound

1

Rs.76.72

Euro

1

Rs.65.85

 

 

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.