MIRA INFORM REPORT

Report Date :

25.02.2012

IDENTIFICATION DETAILS

Name :	ARNOLDS QUICK DRIED FOODS LIMITED

Registered Office :	Woodbridge Road, East Road Industrial Estate, Sleaford, Lincs, NG34 7EW.

Country :	United Kingdom

Date of Incorporation :	15.11.1976

Com. Reg. No.:	01286495

Legal Form :	Private Limited

Line of Business :	A group engaged in the import and distribution of dehydrated and canned foods.

No. of Employees :	110

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Dormant
Payment Behaviour :	Unknown
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 – September 30, 2011

Country Name

Previous Rating

(30.06.2011)

Current Rating

(30.09.2011)

United Kingdom

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	ARNOLDS QUICK DRIED FOODS LIMITED
Registration Number	01286495
Address	WOODBRIDGE ROAD, EAST ROAD INDUSTRIAL ESTATE, SLEAFORD, LINCS, NG34 7EW.

Official Company Data

Legal Form	Private Limited
Registration Number	01286495
Subject Status	Dormant
Date of Incorporation	15/11/1976
Registered Office	WOODBRIDGE ROAD, EAST ROAD INDUSTRIAL ESTATE, SLEAFORD, LINCS, NG34 7EW.
Date of Last Annual Return to Registry	08/09/2011
Accounts	The last filed accounts at Companies House are those to 31/12/2010
Accounting Reference Date	31/03

Operations

Activities	A group engaged in the import and distribution of dehydrated and canned foods.
Nace Code	5139
Staff Employed	110
Bankers	LLOYDS BANK PLC.
Address	SLEAFORD.
Sort Code	309770
Auditors	PKF (UK) LLP
Subsidiaries	SLEAFORD QUALITY FOODS LIMITED

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
0	0	0

Search History Details

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

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	9
Number Outstanding	3
Number Partially Satisfied	0
Number Satisfied	6

Date of Latest Mortgage Created	11/12/2009
Date of Latest Satisfaction	14/11/1991

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
	01/09/2004	27/08/2004	Debenture	395	Lloyds Tsb Commercial Finance Limited
	28/04/1982	26/04/1982	Single Debenture	N/A	Lloyds Bank Plc
13/11/1991	20/05/1981	15/05/1981	Guarantee Debenture	N/A	Barclays Bank Ltd
13/11/1991	09/07/1979	03/07/1979	Debenture	N/A	Barclays Bank Ltd
13/11/1991	13/04/1978	10/04/1978	Guarantee Debenture	N/A	Barclays Bank Ltd
14/11/1991		15/05/1981	Guarantee Debenture	N/A
14/11/1991		03/07/1979	Guarantee Debenture	N/A
14/11/1991		10/04/1978	Guarantee Debenture	N/A

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

07/01/2011	Companies House Gazette	Notification of any change among the company's directors
16/12/2009	Companies House Gazette	Notification of any change among the company's directors
16/12/2009	Companies House Gazette	Any amendment to company's articles (including every resolution or agreement required to be embodied in or annexed to copies of the company's articles issued by
09/09/2004	Companies House Gazette	Change among directors of a company
01/09/2004	Companies House Gazette	Alteration in memorandum or articles of association
01/09/2004	Companies House Gazette	Change among directors of a company
01/09/2004	Companies House Gazette	Resolutions or agreements to which section 380 applies (relating to shares rights or names)
30/09/2003	Companies House Gazette	Change among directors of a company
20/11/2001	Companies House Gazette	Change among directors of a company
20/05/1995	Companies House Gazette	Change among directors of a company
01/09/1992	Companies House Gazette	Change among directors of a company
23/05/1989	Companies House Gazette	First notice from Companies House to dissolve company in 3 months

Directors

Production 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	01/08/1992
Other Directorships	SLEAFORD QUALITY FOODS LIMITED, SLEAFORD LIMITED, SLEAFORD FOOD GROUP 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, JAIN (EUROPE) LIMITED, SLEAFORD FOOD GROUP 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, SLEAFORD FOOD GROUP 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, SLEAFORD FOOD GROUP LIMITED, SQF 2009 LIMITED

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	7,500
Principal Shareholder	7,500 Sleaford Food Group Ltd

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

Holding Company	SLEAFORD FOOD GROUP LIMITED
Ultimate Parent	SQF 2009 LIMITED

Financial Data– Statutory Accounts

The organisation indicates its accounts are dormant.

For annual accounts images, view the

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/12/2007	31/12/2006	31/12/2004	31/12/2003
Consolidated				Yes
Current Ratio	1.3	2.7	238	1.2
Long Term Debt/T.N.W				0.2
Pre Tax Profit Margin%				1
Gross Profit%				24.3
Debtors Days (D.S.O)				60
Creditors Days (D.P.O)				59
Quick Ratio	1.3	2.7	238	0.7
W.I.P/Inventory Days				47.8
Return on Investment%			(0.6)	5.5
Return on Assets%			(0.6)	2.3
T.N.W/Total Assets%	25.5	63.2	99.7	22.1
Return on Capital%			(0.6)	4.8
Rtn on Shareholders Funds%			(0.6)	10.3
Working Capital/Sales%				4
Borrowing Ratio%				81.8
Equity Gearing%	34.3	171.6	31500	28.3
Stock Turnover				10.1
Days Purchases Outstanding				78.5
Sales/Fixed Assets				5.8
Debt Gearing				19.9

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	3942	8018	7895	7890
Pre-Tax Profit Margin	2.7	2.3	2	1.9
Current Ratio	1.5	1.4	1.4	1.4
Borrowing Ratio	76.5	84.1	78	84.7
Return on Capital	27.3	27.3	28.6	29.9
Creditors Days	55	69	70	85

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale of food, beverages and tobacco

Financial Summary

Non trading position

Accounts to 31/12/2010 show a non-trading position for the period.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.06
UK Pound	1	Rs.77.19
Euro	1	Rs.65.57

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.