|
Report Date : |
12.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
WOODWAY PACKAGING LIMITED |
|
|
|
|
Registered Office : |
Mallard Close, Earls Barton, Northampton,
Northamptonshire, Nn6 0jf. |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
29.12.2003 |
|
|
|
|
Reg. No.: |
05004054 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Subject is engaged in the supply of packaging materials. |
|
|
|
|
No. of Employees : |
42 |
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 : |
GBP 113,000 |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United Kingdom - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).
|
Source : CIA |
|
Subject Reported on |
|
|
Registration Number |
05004054 |
Creditline
Recommendations
|
Monthly Credit Guide |
GBP 113,000 |
|
Legal Form |
Private Limited |
|
Registration Number |
05004054 |
|
Subject Status |
Trading |
|
Date of Incorporation |
29/12/2003 |
|
Registered Office |
MALLARD CLOSE, EARLS BARTON, NORTHAMPTON,
NORTHAMPTONSHIRE, NN6 0JF. |
|
History |
3/07/2006 : Change of name from WOODWAY HOLDINGS LIMITED. |
|
|
21/01/2005 : The Registered Office address changed from
OXFORD HOUSE, CLIFTONVILLE, NORTHAMPTON, NORT. |
|
Date of Last Annual Return to Registry |
29/12/2011 |
|
Accounts |
The last filed accounts at Companies House are those to
30/06/2012 |
|
Accounting Reference Date |
30/06 |
|
Activities |
A group engaged in the supply of packaging materials. |
|
Nace Code |
7415 |
|
Staff Employed |
42 |
|
Auditors |
MHA MacIntyre Hudson |
|
Subsidiaries |
WOODWAY UK LIMITED |
Previous Searches
|
Search History Summary |
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
3 |
3 |
4 |
|
Search History Details |
|
|
|
The Search History Details shows details of the most
recent 40 searches |
|
Date |
Description |
|
08/11/2012 |
Miscellaneous |
|
27/09/2012 |
Miscellaneous |
|
27/09/2012 |
Miscellaneous |
|
18/01/2012 |
Miscellaneous |
|
16/11/2011 |
Miscellaneous |
Public Record Information
|
Summary of CCJ's/Scottish Decrees |
|
No CCJs/Scottish Decrees are recorded in our file. |
|
Date |
Source |
Description |
|
20/10/2012 |
Companies House Gazette |
All documents required to be delivered to the registrar
under section 441 (annual accounts and reports) |
|
08/03/2008 |
Companies House Gazette |
Change among directors of a company |
|
23/04/2004 |
Companies House Gazette |
Resolutions which give vary |
|
04/02/2004 |
Companies House Gazette |
Change among directors of a company |
|
30/01/2004 |
Companies House Gazette |
Change among directors of a company |
|
Secretary |
MRS INGA LISE INWOOD |
|
Service Address |
THE PRIEST HOUSE 37 HIGH STREET, PITSFORD, NORTHAMPTON,
NN6 9AD. |
|
Country of Origin |
UNITED KINGDOM |
|
Appointment Date |
16/01/2004 |
|
Director |
MR NORMAN SIDNEY INWOOD |
|
Service Address |
THE PRIEST HOUSE 37 HIGH STREET, PITSFORD, NORTHAMPTON,
NN6 9AD. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
04/10/1940 |
|
Appointment Date |
16/01/2004 |
|
Other Directorships |
WOODWAY LLP, WOODWAY UK LIMITED, STUDLAND MANAGEMENT
COMPANY LIMITED |
|
|
|
|
Service Address |
3 WATERSMEET, RUSHMERE, NORTHAMPTON, NN1 5SQ. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
30/07/1971 |
|
Appointment Date |
16/01/2004 |
|
Other Directorships |
WOODWAY LLP, WOODWAY UK LIMITED, WOODWAY
PROPERTIES LIMITED, INWOOD INVESTMENTS LIMITED |
|
|
|
|
Service Address |
THE COPSE, BROADLANDS PITSFORD, NORTHAMPTON, NN6 9AZ. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
09/06/1967 |
|
Appointment Date |
16/01/2004 |
|
Other Directorships |
WOODWAY LLP, WOODWAY UK LIMITED, WOODWAY
PROPERTIES LIMITED |
|
Shares |
Ordinary GBP 1.00 |
|
Issued Number |
1,000 |
|
Principal Shareholder |
215 Norman Sidney Inwood |
|
|
150 Martin James Inwood |
|
|
150 Jason Norman Inwood |
|
|
150 Norman S. Inwood 2004 (No. 1) Trust |
|
|
150 Norman S. Inwood 2004 (No. 2) Trust |
|
|
145 Inga-LiseInwood |
|
|
40 Pia S. Uyduran |
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type. |
|
For annual accounts images, view the Document Image list |
|
Profit and Loss |
|
The following figures are shown in units
of 1000 |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
|
Consolidated |
Yes |
|
|
Yes |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
SALES |
12179 |
|
|
7641 |
|
Cost of goods sold |
8660 |
|
|
5456 |
|
GROSS PROFIT |
3519 |
|
|
2185 |
|
Wages and Salaries |
1582 |
|
|
|
|
Directors Emoluments |
600 |
|
|
332 |
|
Auditors Fees |
15 |
|
|
11 |
|
Trading Profit |
697 |
|
|
70 |
|
Depreciation |
51 |
|
|
52 |
|
OPERATING PROFIT |
646 |
|
|
18 |
|
Non Trading Income |
2 |
|
|
5 |
|
Interest Payable |
3 |
|
|
9 |
|
PRE TAX PROFIT |
645 |
|
|
14 |
|
Taxation |
167 |
|
|
11 |
|
PROFIT AFTER TAX |
478 |
|
|
3 |
|
Dividends Payable |
148 |
|
|
|
|
RETAINED PROFITS |
330 |
|
|
3 |
|
Balance Sheet |
|
The following figures are shown in units
of 1000 |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
|
Consolidated |
Yes |
|
|
Yes |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
TOTAL FIXED ASSETS |
315 |
1152 |
1152 |
321 |
|
Tangible Assets |
275 |
1152 |
1152 |
251 |
|
Fixed Assets |
275 |
|
|
251 |
|
Intermediate assets |
|
|
1152 |
|
|
Intangible Assets |
40 |
|
|
70 |
|
TOTAL CURRENT ASSETS |
4058 |
|
|
1959 |
|
Trade debtors |
2124 |
|
|
1110 |
|
Stocks |
783 |
|
|
642 |
|
Other Current Assets |
1151 |
|
|
207 |
|
Misc Current Assets |
240 |
|
|
118 |
|
Cash |
911 |
|
|
89 |
|
TOTAL ASSETS |
4373 |
1152 |
1152 |
2280 |
|
TOTAL CURRENT LIABILITIES |
3108 |
|
|
1725 |
|
Trade creditors |
1937 |
|
|
1078 |
|
Short Term Loans |
8 |
|
|
36 |
|
Other Finance |
8 |
|
|
36 |
|
Other Liabilities |
1163 |
|
|
611 |
|
WORKING CAPITAL |
950 |
|
|
234 |
|
TOTAL LONG TERM LIABS |
45 |
1111 |
1111 |
84 |
|
Long Term Loans |
14 |
|
1111 |
65 |
|
Other Finance |
14 |
|
|
65 |
|
Due To Group |
|
|
1111 |
|
|
Other Liabilities |
31 |
|
|
19 |
|
NET ASSETS/(LIABILITIES) |
1220 |
41 |
41 |
471 |
|
SHARE CAPITAL + RESERVES |
1220 |
41 |
41 |
471 |
|
Share Cap + Sundry Res |
(913) |
1 |
1 |
(913) |
|
Issued Share Capital |
1 |
|
1 |
1 |
|
Sundry Reserves |
(914) |
|
|
(914) |
|
Profit and Loss account |
2133 |
40 |
40 |
1384 |
|
SHAREHOLDERS FUNDS |
1220 |
41 |
41 |
471 |
|
CAPITAL EMPLOYED |
1265 |
1152 |
1152 |
555 |
|
Financial Comparison |
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
|
Consolidated |
Yes |
|
|
Yes |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Net Cashflow from Oper. |
816 |
|
|
|
|
Increase in Cash |
462 |
|
|
|
|
Directors Remuneration |
600 |
|
|
332 |
|
Auditors Remuneration |
15 |
|
|
11 |
|
Liquid Assets |
3035 |
|
|
1199 |
|
Net Working Capital |
950 |
|
|
234 |
|
Investments/Long Term Ass. |
|
|
1 |
|
|
Long Term Debt(>12 Months) |
14 |
|
1111 |
65 |
|
Other Deferred Liabs |
31 |
1111 |
|
19 |
|
Tangible Net Worth(T.N.W) |
1180 |
41 |
41 |
401 |
|
Equity |
1220 |
41 |
41 |
471 |
|
Number of Years Trading |
9 |
8 |
7 |
6 |
|
Number of Employees |
42 |
|
|
|
|
Profit per Employee |
15357.1 |
|
|
|
|
Sales per Employee |
289976.2 |
|
|
|
|
Key Credit Ratios |
|
The following figures are shown as Ratios or Percentages |
|
Accounts Date |
30/06/2012 |
30/06/2011 |
30/06/2010 |
30/06/2009 |
|
Consolidated |
Yes |
|
|
Yes |
|
Current Ratio |
1.3 |
|
|
1.1 |
|
Long Term Debt/T.N.W |
|
|
27.1 |
0.2 |
|
Pre Tax Profit Margin% |
5.3 |
|
|
0.2 |
|
Gross Profit% |
28.9 |
|
|
28.6 |
|
Debtors Days (D.S.O) |
64 |
|
|
53 |
|
Creditors Days (D.P.O) |
58 |
|
|
51 |
|
Quick Ratio |
1.1 |
|
|
0.8 |
|
W.I.P/Inventory Days |
33 |
|
|
42.9 |
|
Return on Investment% |
50.9 |
|
|
3.9 |
|
Return on Assets% |
14.7 |
|
|
0.6 |
|
T.N.W/Total Assets% |
27 |
3.6 |
3.6 |
17.6 |
|
Return on Capital% |
51 |
|
|
2.5 |
|
Rtn on Shareholders Funds% |
52.9 |
|
|
3 |
|
Working Capital/Sales% |
7.8 |
|
|
3.1 |
|
Borrowing Ratio% |
1.9 |
|
2709.8 |
25.2 |
|
Equity Gearing% |
38.7 |
3.7 |
3.7 |
26 |
|
Stock Turnover |
15.6 |
|
|
11.9 |
|
Days Purchases Outstanding |
81.6 |
|
|
72.1 |
|
Sales/Fixed Assets |
44.3 |
|
|
30.4 |
|
Debt Gearing |
1.2 |
|
2709.8 |
16.2 |
|
Year |
2012 |
2011 |
2010 |
2009 |
|
Sample Size |
36137 |
99999 |
99999 |
99999 |
|
Pre-Tax Profit Margin |
24.1 |
26.5 |
29 |
32.5 |
|
Current Ratio |
2.1 |
1.9 |
1.9 |
1.9 |
|
Borrowing Ratio |
70.9 |
33.1 |
29.8 |
28.3 |
|
Return on Capital |
66.2 |
115.9 |
141.1 |
157.5 |
|
Creditors Days |
160 |
228 |
161 |
190 |
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Legal, accounting, book-keeping and auditing activities;
tax consultancy; market research, polls
|
Auditors Qualification |
|
The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the accounts for the period ended
30/06/2012. |
|
Only Turnover |
|
Turnover for the year was 12,179,000. |
|
Operating Profit |
|
Profit for the year was GBP 646,000. |
|
Profit or Loss |
|
Pre-tax Profit was GBP 645,000. |
|
Net Worth |
|
Net worth was GBP 1,220,000. |
|
Fixed Assets |
The subject's fixed assets reduced during the year by GBP
837,000 to GBP 315,000 and are now
7 % of total assets compared with 100 % in the previous year.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.32 |
|
|
1 |
Rs.87.36 |
|
Euro |
1 |
Rs.70.36 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.