MIRA INFORM REPORT

 

 

 

Report Date :

06.08.2012

 

IDENTIFICATION DETAILS

 

Name :

SLEAFORD FOOD GROUP LIMITED

 

 

Registered Office :

Woodbridge Road, Ease Road Industrial Estate, Sleaford, Lincolnshire, Ng34 7jx.

 

 

Country :

United Kingdom 

 

 

Date of Incorporation :

24.06.2004

 

 

Com. Reg. No.:

05162140

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Not Available 

 

 

No. of Employees :

91

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dormant

Payment Behaviour :

---

Litigation :

---

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

SLEAFORD FOOD GROUP LIMITED

Registration Number

05162140

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

05162140

Subject Status

Dormant

Date of Incorporation

24/06/2004

Registered Office

WOODBRIDGE ROAD, EASE ROAD INDUSTRIAL ESTATE, SLEAFORD, LINCOLNSHIRE, NG34 7JX.

Date of Last Annual Return to Registry

24/06/2012

Accounts

The last filed accounts at Companies House are those to 31/03/2012

Accounting Reference Date

31/03

 

 

 

Operations

 

 

Activities

The 31.03.12 accounts indicate that the company is either dormant or no longer trades.

Nace Code

1589

Staff Employed

91

Auditors

PKF (UK) LLP

Subsidiaries

ARNOLDS QUICK DRIED FOODS LIMITED

 

SLEAFORD QUALITY FOODS LIMITED

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

1

2

 

Search History Details

 

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

 

Date

Description

13/02/2012

Miscellaneous

25/01/2012

Miscellaneous

18/05/2011

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

3

Number Outstanding

3

Number Partially Satisfied

0

Number Satisfied

0

 

 

Date of Latest Mortgage Created

11/12/2009

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

12/12/2009

11/12/2009

Omnibus Guarantee And Set-Off Agreement

MG01

Lloyds Tsb Bank Plc

 

03/09/2004

27/08/2004

Debenture Deed

395

Lloyds Tsb Bank Plc

 

01/09/2004

27/08/2004

Debenture

395

Lloyds Tsb Commercial Finance Limited

 

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

 

01/06/2012

Companies House Gazette

All documents required to be delivered to the registrar under section 441 (annual accounts and reports)

07/01/2011

Companies House Gazette

Notification of any change among the company's directors

07/07/2010

Companies House Gazette

Notification of any change among the company's directors

04/08/2004

Companies House Gazette

Alteration in memorandum or articles of association

04/08/2004

Companies House Gazette

Change among directors of a company

04/08/2004

Companies House Gazette

Resolutions which give vary

 

 

Directors

 

 

Director

MR JAMES PATRICK ARNOLD

Service Address

BROOK HOUSE SPRING LANE, HORBLING, SLEAFORD, LINCOLNSHIRE, NG34 0PF.

Country of Origin

UNITED KINGDOM

Date of Birth

23/01/1965

Appointment Date

24/06/2004

Other Directorships

SLEAFORD QUALITY FOODS LIMITED, ARNOLDS QUICK DRIED FOODS LIMITED, SLEAFORD TRADING COMPANY LIMITED, SLEAFORD LIMITED, SQF 2009 LIMITED


Director


MR ANIL BHAVARLAL JAIN

Service Address

GROVE HOUSE 551 LONDON ROAD, ISLEWORTH, MIDDLESEX, TW7 4DS.

Country of Origin

INDIA

Date of Birth

10/03/1965

Appointment Date

02/11/2010

Other Directorships

SLEAFORD QUALITY FOODS LIMITED, ARNOLDS QUICK DRIED FOODS LIMITED, JAIN (EUROPE) LIMITED, SQF 2009 LIMITED


Director


MR ATUL JAIN

Service Address

GROVE HOUSE 551 LONDON ROAD, ISLEWORTH, MIDDLESEX, TW7 4DS.

Country of Origin

INDIA

Date of Birth

06/01/1969

Appointment Date

02/11/2010

Other Directorships

SLEAFORD QUALITY FOODS LIMITED, ARNOLDS QUICK DRIED FOODS LIMITED, SQF 2009 LIMITED


Director


MR SUVAN KUMAR SHARMA

Service Address

GROVE HOUSE 551 LONDON ROAD, ISLEWORTH, MIDDLESEX, TW7 4DS.

Country of Origin

UNITED KINGDOM

Date of Birth

21/04/1972

Appointment Date

02/11/2010

Other Directorships

SLEAFORD QUALITY FOODS LIMITED, ARNOLDS QUICK DRIED FOODS LIMITED, SQF 2009 LIMITED

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

100,000

Principal Shareholder

100,000 SQF 2009 Ltd

 

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

 

Holding Company

SQF 2009 LIMITED

Ultimate Parent

JAIN IRRIGATION SYSTEMS LTD, a company incorporated in INDIA

 

 

 

Financial Data

– Statutory Accounts

 

 

The organisation indicates its accounts are dormant.

 

 

 

Key Credit Ratios

 

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/12/2009

31/12/2008

31/12/2007

31/12/2006

Consolidated

Yes

Yes

 

 

Current Ratio

1

0.9

0.1

0.1

Long Term Debt/T.N.W

0.1

0.1

1.7

3.2

Pre Tax Profit Margin%

1.1

2.9

 

 

Gross Profit%

19.7

21.6

 

 

Debtors Days (D.S.O)

57

64

 

 

Creditors Days (D.P.O)

46

60

 

 

Quick Ratio

0.6

0.6

0.1

0.1

W.I.P/Inventory Days

50.7

55.8

 

 

Return on Investment%

6

15.3

4.3

4.5

Return on Assets%

2.7

6.5

2.7

2.4

T.N.W/Total Assets%

22.4

21.5

5.1

5.6

Return on Capital%

10.3

25.1

19.8

10.1

Rtn on Shareholders Funds%

12.3

30.3

53.4

42.4

Working Capital/Sales%

(0.6)

(2.3)

 

 

Borrowing Ratio%

179.5

161.9

1689

1496

Equity Gearing%

28.8

27.4

5.4

6

Stock Turnover

9

8.3

 

 

Days Purchases Outstanding

57.8

76.1

 

 

Sales/Fixed Assets

9.2

7.3

 

 

Debt Gearing

9.6

9.9

169.5

320

 

 

 

Key Industry Sector Trends

 

 

Year

2012

2011

2010

2009

Sample Size

126

2338

2758

2644

Pre-Tax Profit Margin

(2)

2.3

2.2

2.2

Current Ratio

1.2

1.2

1.2

1.2

Borrowing Ratio

24.9

49.3

45.3

59.2

Return on Capital

9.4

22.2

21.8

20.9

Creditors Days

33

45

67

68

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Manufacture of other food products

 

 

Financial Summary

 

 

Non trading position

Accounts to 31/03/2012 show a non-trading position for the period.

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.08

UK Pound

1

Rs.87.03

Euro

1

Rs.68.36

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.