MIRA INFORM REPORT

 

 

Report Date :

28.02.2012

 

IDENTIFICATION DETAILS

 

Name :

BIBBY LINE GROUP LIMITED

 

 

Registered Office :

105 Duke Street, Liverpool, L1 5JQ.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.06.1891

 

 

Com. Reg. No.:

00034121

 

 

Legal Form :

Private Limited

 

 

Line of Business :

A group engaged in the ownership and operation of ships, and the provision of shallow water accommodation, oil field services, contract logistics and financial services.

 

 

No. of Employees :

5,555

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

GBP 1,125,000

Status :

Good

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 30, 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 Identification Details

 

Subject Reported on

BIBBY LINE GROUP LIMITED

Registration Number

00034121

Address

105 DUKE STREET, LIVERPOOL, MERSEYSIDE, L1 5JQ.

Telephone

0151 708 8000

Facsimile

0151 794 1099

Web Address

www.bibbygroup.co.uk

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 1,125,000

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

00034121

Subject Status

Trading

Date of Incorporation

01/06/1891

Registered Office

105 DUKE STREET, LIVERPOOL, L1 5JQ.

History

At heading address since 6/1992.

 

1/01/1989 : Change of name from BIBBY LINE LIMITED.

 

Previously located at NORWICH HSE, 401 WATER ST, LIVERPOOL.

Date of Last Annual Return to Registry

04/05/2011

Accounts

The last filed accounts at Companies House are those to 31/12/2010

Accounting Reference Date

31/12

 

 

 

Operations

 

 

Activities

A group engaged in the ownership and operation of ships, and the provision of shallow water accommodation, oil field services, contract logistics and financial services.

Nace Code

6340

Staff Employed

5,555

Bankers

BARCLAYS BANK PLC

Address

LIVERPOOL CITY.

Sort Code

205101

Auditors

Deloitte LLP

Branches

OAKDALE TRADING ESTATE, HAM LANE, BRIERLEY HILL, DY6 7JH.

 

SCOTIA ROAD, STOKE ON TRENT, STAFFORDSHIRE, ST6 4HZ.

 

9 BROAD STREET, BATH, AVON, BA1 5LJ.

Subsidiaries

ALEXANDRA-MOLYNEUX HAULAGE LIMITED

 

ARCHFIELD (SHIPPING) LTD

 

ATCHISON TOPEKA (WAREHOUSING) LIMITED

 

ATCHISON TOPEKA LIMITED

 

ATCHISON TOPEKA TANKERS LIMITED

 

BIBBY NOMINEES (UK) LIMITED

 

BIBBY (TIME CHARTER) LIMITED

 

BIBBY ACF LIMITED

 

BIBBY ASSET FINANCE LIMITED

 

BIBBY BULK CARRIERS LIMITED

 

BIBBY CHEMICAL CARRIERS LIMITED

 

BIBBY CONSULTING & SUPPORT LIMITED

 

BIBBY DEBT FINANCE LIMITED

 

BIBBY DISTRIBUTION (AVONMOUTH) LIMITED

 

BIBBY DISTRIBUTION LIMITED

 

BIBBY DISTRIBUTION LIMITED

 

BIBBY DISTRIBUTION SERVICES (HOLDINGS) LIMITED

 

BIBBY DISTRIBUTION SERVICES (HOLDINGS) LIMITED

 

BIBBY DISTRIBUTION SERVICES LIMITED

 

BIBBY ENGINEERING LIMITED

 

BIBBY FACTORS BEDFORD LIMITED

 

BIBBY FACTORS BOREHAMWOOD LIMITED

 

BIBBY FACTORS BRISTOL LIMITED

 

BIBBY FACTORS INTERNATIONAL LIMITED

 

BIBBY FACTORS LEICESTER LIMITED

 

BIBBY FACTORS LIMITED

 

BIBBY FACTORS MANCHESTER LIMITED

 

BIBBY FACTORS NORTHEAST LIMITED

 

BIBBY FACTORS NORTHWEST LIMITED

 

BIBBY FACTORS SCOTLAND LIMITED

 

BIBBY FACTORS SLOUGH LIMITED

 

BIBBY FACTORS SUSSEX LIMITED

 

BIBBY FACTORS WESSEX LIMITED

 

BIBBY FACTORS YORKSHIRE LIMITED

 

BIBBY FINANCE 1 LIMITED

 

BIBBY FINANCE 2 LIMITED

 

BIBBY FINANCIAL SERVICES (IRELAND) LIMITED, a company incorporated in   IRISH REPUBLIC

 

BIBBY FINANCIAL SERVICES LIMITED

 

BIBBY FREIGHTERS LIMITED

 

BIBBY GAS CARRIER LIMITED

 

BIBBY GROUP OF FACTORS LIMITED

 

BIBBY HOLDINGS LIMITED

 

BIBBY INTERNATIONAL LOGISTICS LIMITED

 

BIBBY INVOICE DISCOUNTING LIMITED

 

BIBBY LEASING LIMITED

 

BIBBY LINE LIMITED

 

BIBBY LOGISTICS LIMITED

 

BIBBY MANAGEMENT SERVICES LIMITED

 

BIBBY MARINE LIMITED

 

BIBBY MARINE SERVICES LIMITED

 

BIBBY MARITIME LIMITED

 

BIBBY MODELS AND EXHIBITION SERVICES LIMITED

 

BIBBY NAVIGATION LIMITED

 

BIBBY NOMINEES LIMITED

 

BIBBY OFFSHORE HOLDINGS LIMITED

 

BIBBY OFFSHORE LIMITED

 

BIBBY POOL PARTNER LIMITED

 

BIBBY RETAIL SERVICES LIMITED

 

BIBBY SHIP MANAGEMENT GROUP LIMITED

 

BIBBY SHIP MANAGEMENT LIMITED

 

BIBBY TANK CONTAINERS LIMITED

 

BIBBY TANKERS LIMITED

 

BIBBY TANKERS LIMITED

 

BIBBY TAURUS LIMITED

 

BIBBY TETHRA LIMITED

 

BIBBY TRADE FACTORS LIMITED

 

BIBBY TRADE SERVICES LIMITED

 

BIBBY TRANSPORT LIMITED

 

BIBBY TRAVEL LIMITED

 

BONDELIVERY LIMITED

 

CANNING SHIPPING LIMITED

 

CASHFLOW UK LIMITED

 

CHEERS MARKETING LIMITED

 

COLNEY MEMORIAL PARKS LIMITED

 

CORPORATE PROMOTIONS AND INCENTIVES LTD

 

COSTCUTTER CONVENIENCE LIMITED

 

COSTCUTTER FILLING STATIONS LIMITED

 

COSTCUTTER HOLDINGS LIMITED

 

COSTCUTTER INTERNATIONAL LIMITED

 

COSTCUTTER MARKETING LIMITED

 

COSTCUTTER RETAIL SOLUTIONS LTD

 

COSTCUTTER SUPERMARKETS GROUP LIMITED

 

COSTCUTTER SUPERMARKETS HOLDINGS LIMITED

 

COSTCUTTER TRADING LIMITED

 

CSMB LIMITED

 

CSMF LIMITED

 

D TAYLOR (WAREHOUSING) LIMITED

 

DIRECT WORKFORCE LTD

 

EBOR FOODMARKETS LIMITED

 

EMPAC GROUP LIMITED

 

FACTORING UK GROUP LIMITED

 

FACTORING UK LIMITED

 

FREDK.RAY LIMITED

 

GARIC LIMITED

 

GLOBAL MANAGEMENT SERVICES LIMITED

 

GULLIVERS TRANSPORT LIMITED

 

HAMMOND GROUP HOLDINGS LIMITED

 

HAMMOND LOGISTICS GROUP LIMITED

 

HARGREAVES TRAINING (HOLDINGS) LIMITED

 

HARGREAVES TRAINING SERVICES LIMITED

 

HERCULANIUM SHIPPING LIMITED

 

HUSKISSON SHIPPING LIMITED

 

INTER CONTINENTAL STORAGE (NW) LIMITED

 

LAMPORT INVESTMENTS LIMITED

 

LANGTON SHIPPING LIMITED

 

MAXIPRINT (YORK) LIMITED

 

OLDBIBCO IV LIMITED

 

OLDBIBCO VI LIMITED

 

PACKAGING LOGISTICS SERVICES LIMITED

 

PALLET (UK) LIMITED

 

PDQ LIMITED

 

POOLEYS OF CORNWALL LIMITED

 

PRIMEX UK LIMITED

 

RESOLUTION ACCOMMODATION SERVICES LIMITED

 

RIGHT PRICE SUPERMARKETS LIMITED

 

RUMFORD TANKERS LIMITED

 

S.S. VANLINES LIMITED

 

STORESTYLE LIMITED

 

SUTTON SUPPORT SERVICES LIMITED

 

SYSTEM GROUP LIMITED

 

T M LOGISTICS LIMITED

 

TAYGROUP (UK) HOLDINGS LIMITED

 

TAYGROUP LIMITED

 

TAYLORED LINES LIMITED

 

TAYLORS OF MARTLEY (HOLDINGS) LIMITED

 

TAYLORS OF MARTLEY LIMITED

 

THE RED PALLET COMPANY LIMITED

 

TRANSPORT AND WAREHOUSING FACILITIES LIMITED

 

TRIPFLOW LOGISTICS LIMITED

 

TWF HOLDINGS LIMITED

 

WOODLAND BURIAL PARKS LIMITED

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

8

18

37

 

Search History Details

 

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

 

Date

Description

23/02/2012

Miscellaneous

21/02/2012

Miscellaneous

02/02/2012

Miscellaneous

02/02/2012

Miscellaneous

24/01/2012

Miscellaneous

24/01/2012

Miscellaneous

21/12/2011

Miscellaneous

07/12/2011

Miscellaneous

18/11/2011

Miscellaneous

15/11/2011

Miscellaneous

09/11/2011

Miscellaneous

07/11/2011

Miscellaneous

07/11/2011

Miscellaneous

30/09/2011

Miscellaneous

28/09/2011

Miscellaneous

09/09/2011

Miscellaneous

09/09/2011

Miscellaneous

31/08/2011

Miscellaneous

24/08/2011

Miscellaneous

18/08/2011

Miscellaneous

25/07/2011

Miscellaneous

29/06/2011

Miscellaneous

22/06/2011

Miscellaneous

21/06/2011

Miscellaneous

21/06/2011

Miscellaneous

20/06/2011

Miscellaneous

07/06/2011

Miscellaneous

24/05/2011

Miscellaneous

05/05/2011

Miscellaneous

12/04/2011

Miscellaneous

05/04/2011

Miscellaneous

30/03/2011

Miscellaneous

21/03/2011

Miscellaneous

08/03/2011

Miscellaneous

08/03/2011

Miscellaneous

08/03/2011

Miscellaneous

28/02/2011

Miscellaneous

25/02/2011

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

29

Number Outstanding

0

Number Partially Satisfied

0

Number Satisfied

29

 

 

Date of Latest Mortgage Created

22/06/2004

Date of Latest Satisfaction

31/10/2007

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

31/10/2007

13/07/2004

22/06/2004

Guarantee And Indemnity

395

Dvb Bank Ag In Its Capacity As Agent And Security Trustee

31/10/2007

18/07/2003

08/07/2003

A Guarantee And Indemnity

395

Dvb Bank Ag In Its Capacity As Agent And Security Trustee

31/10/2007

09/12/2002

22/11/2002

Guarantee And Indemnity

395

Dvb Bank Ag In Its Capacity As Agent And Security Trustee

31/10/2007

02/02/2000

14/01/2000

Deed Of Novation Of First Assignment Of Charterhire Rebate Dated....

395

Lloyds Tsb Bank Plc

31/10/2007

02/02/2000

14/01/2000

Deed Of Novation Of First Assignment And Priority Agreement Dated....

395

Lloyds Tsb Bank Plc

31/10/2007

02/02/2000

14/01/2000

Deed Of Novation Of Second Assignment And Priority Agreement....

395

Lloyds Tsb Bank Plc

31/10/2007

02/02/2000

14/01/2000

Deed Of Novation Of Second Assignment And Priority Agreement....

395

Lloyds Tsb Bank Plc

31/10/2007

02/02/2000

14/01/2000

Deed Of Novation Of First Assignment And Priority Agreement Dated....

395

Lloyds Tsb Bank Plc

31/10/2007

02/02/2000

14/01/2000

Deed Of Novation Of First Assignment Of Charterhire Rebate Dated....

395

Lloyds Tsb Bank Plc

31/10/2007

02/02/2000

14/01/2000

Deed Of Novation Of Second Assignment Of CharterhireRebate Dated....

395

Lloyds Tsb Bank Plc

 

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

 

03/01/2012

Companies House Gazette

Notification of any change among the company's directors

15/06/2011

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

23/06/2009

Companies House Gazette

Alteration in memorandum or articles of association

13/03/2009

Companies House Gazette

Change among directors of a company

03/06/2008

Companies House Gazette

Change among directors of a company

19/01/2008

Companies House Gazette

Change among directors of a company

05/07/2007

Companies House Gazette

Change among directors of a company

07/06/2003

Companies House Gazette

Alteration in memorandum or articles of association

23/05/2001

Companies House Gazette

Change among directors of a company

07/07/2000

Companies House Gazette

Change among directors of a company

10/07/1999

Companies House Gazette

Change among directors of a company

17/04/1999

Companies House Gazette

Change among directors of a company

21/01/1999

Companies House Gazette

Change among directors of a company

15/01/1999

Companies House Gazette

Change among directors of a company

02/07/1997

Companies House Gazette

Change among directors of a company

16/01/1997

Companies House Gazette

Change among directors of a company

09/03/1996

Companies House Gazette

Change among directors of a company

11/06/1994

Companies House Gazette

Change among directors of a company

07/06/1994

Companies House Gazette

Alteration in memorandum or articles of association

02/09/1993

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

BIBBY BROS.&CO.(MANAGEMENT)LIMITED

Service Address

105 DUKE STREET, LIVERPOOL, MERSEYSIDE, L1 5JQ.

Country of Origin

UNITED KINGDOM

Appointment Date

13/07/1992

 

 

 

Directors

 

 

Accountant

JONATHAN HAYMER

Service Address

105 DUKE STREET, LIVERPOOL, L1 5JQ.

Country of Origin

UNITED KINGDOM

Date of Birth

13/05/1959

Appointment Date

01/01/1997

Other Directorships

SOLANA ENTERPRISES INC., BIBBY DISTRIBUTION LIMITED, BIBBY DISTRIBUTION SERVICES (HOLDINGS) LIMITED, BIBBY HOLDINGS LIMITED, FREDK.RAY LIMITED, BIBBY MARITIME LIMITED, BIBBY BROS. & CO. (MANAGEMENT) LIMITED, BIBBY DISTRIBUTION SERVICES (HOLDINGS) LIMITED, BIBBY FINANCIAL SERVICES LIMITED, BIBBY DISTRIBUTION LIMITED, COSTCUTTER SUPERMARKETS HOLDINGS LIMITED, BIBBY FINANCE 1 LIMITED, BIBBY FINANCE 2 LIMITED, BIBBY LINE LIMITED, BIBBY RETAIL SERVICES LIMITED, BIBBY OFFSHORE HOLDINGS LIMITED


Director


MR SIMON PATRICK SHERRARD

Service Address

105 DUKE STREET, LIVERPOOL, L1 5JQ.

Country of Origin

UNITED KINGDOM

Date of Birth

22/09/1947

Appointment Date

13/07/1992

Other Directorships

MINIMAR TRANSPORT SA, VISTA EQUITIES INC., SOLANA ENTERPRISES INC., THE WHITE ENSIGN ASSOCIATION LIMITED, FLYING ANGEL MARKETING ENTERPRISES LIMITED(THE), THE CORNWALL MULTIPLE SCLEROSIS THERAPY CENTRE LTD., THE MISSION TO SEAFARERS


Director


TIMOTHY ANDREW LEBUS

Service Address

31 ST JAMES' GARDENS, LONDON, W11 4RF.

Country of Origin

UNITED KINGDOM

Date of Birth

17/04/1951

Appointment Date

01/03/2009

Other Directorships

OCTOPUS TITAN VCT 3 PLC


Director


SIR MICHAEL JAMES BIBBY

Service Address

105 DUKE STREET, LIVERPOOL, L1 5JQ.

Country of Origin

UNITED KINGDOM

Date of Birth

02/08/1963

Appointment Date

13/07/1992

Other Directorships

MINIMAR TRANSPORT SA, VISTA EQUITIES INC., SOLANA ENTERPRISES INC., BIBBY DISTRIBUTION LIMITED, BIBBY DISTRIBUTION SERVICES (HOLDINGS) LIMITED, TYPHOON INTERNATIONAL LIMITED, FREDK.RAY LIMITED, BIBBY MARITIME LIMITED, BIBBY BROS. & CO. (MANAGEMENT) LIMITED, BIBBY DISTRIBUTION SERVICES (HOLDINGS) LIMITED, THE CHAMBER OF SHIPPING LIMITED, TYPHOON HOLDINGS LIMITED, BIBBY FINANCIAL SERVICES LIMITED, BIBBY DISTRIBUTION LIMITED, MERSEY MARITIME LIMITED, COSTCUTTER SUPERMARKETS HOLDINGS LIMITED, MERSEY MARITIME GROUP LIMITED, BIBBY LINE LIMITED, BIBBY RETAIL SERVICES LIMITED, BIBBY OFFSHORE HOLDINGS LIMITED


Director


MR DAVID ALBERT ROBERTSON

Service Address

ENDEAVOUR HOUSE BANBURY OFFICE VILL, NORAL WAY, BANBURY, OX16 2SB.

Country of Origin

UNITED KINGDOM

Date of Birth

13/09/1946

Appointment Date

01/01/1999

Other Directorships

ASSET BASED FINANCE ASSOCIATION LIMITED, GARIC LIMITED, COLNEY MEMORIAL PARKS LIMITED, BIBBY SHIP MANAGEMENT GROUP LIMITED, BIBBY CONSULTING & SUPPORT LIMITED, THE ART ROOM (OXFORD)


Director


JENNIFER MARGARET SMITH

Service Address

105 DUKE STREET, LIVERPOOL, L1 5JQ.

Country of Origin

UNITED KINGDOM

Date of Birth

03/03/1962

Appointment Date

19/01/1999


Director


MR GRAHAM JOHN MORRIS

Service Address

NORTH PADDOCK 55 CHESTER ROAD, HOLMES CHAPEL, CREWE, CW4 7DR.

Country of Origin

UNITED KINGDOM

Date of Birth

15/12/1949

Appointment Date

01/07/1999

Other Directorships

CHARITIES TRUST, FURNITURE RESOURCE CENTRE LIMITED, BULKY BOB'S LIMITED, EAZYFONE LIMITED, F R C TRADING LIMITED

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1000.00

Issued Number

1,828

Shares

Cumulative Preference GBP 100.00

Issued Number

1,536

Principal Shareholder

717 Lady Christine Maud Bibby A/C 1986

 

717 2 Others

 

360 Lady Christine Maud Bibby A/C 1986

 

360 2 Others

 

342 Lady Christine Maud Bibby A/C 1973

 

342 2 Others

 

338 Lady Christine Maud Bibby A/C 1973

 

338 2 Others

 

202 Lady Christine Maud Bibby A/C 1987

 

202 2 Others

 

153 Lady Christine Maud Bibby A/C 1987

 

153 2 Others

 

135 Lady Christine Maud Bibby A/C 1973E

 

135 2 Others

 

135 Lady Christine Maud Bibby A/C 1973C

 

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

 

 

 

 

 

Financial Data– Statutory Accounts

 

 

For annual accounts images, view the

 

Profit and Loss

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Consolidated

Yes

Yes

Yes

Yes

Currency

GBP

GBP

GBP

GBP

SALES

1155684

1089137

1034093

618693

UK sales

1083867

1038501

994216

594160

Export

71817

50636

39877

24533

Cost of goods sold

1030851

981234

935951

537935

GROSS PROFIT

124833

107903

98142

80758

Wages and Salaries

152152

119327

10968

121086

Directors Emoluments

1955

4451

1742

1437

Auditors Fees

521

423

400

469

Non-Audit Fees

290

209

5

59

Trading Profit

62376

44494

55725

53712

Depreciation

21602

16542

17670

14554

OPERATING PROFIT

40774

27952

38055

39158

Non Trading Income

3267

5047

3929

27269

Interest Payable

12885

11195

19012

7124

PRE TAX PROFIT

31156

21804

22972

59303

Taxation

10295

4171

693

12223

PROFIT AFTER TAX

20861

17633

22279

47080

Dividends Payable

5570

2168

2084

5003

RETAINED PROFITS

12833

13874

19120

41367

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Consolidated

Yes

Yes

Yes

Yes

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

284839

238945

249844

247256

Tangible Assets

200635

160070

159120

167440

Fixed Assets

161738

119756

116937

93462

Intermediate assets

38897

40314

42183

73978

Intangible Assets

84204

78875

90724

79816

TOTAL CURRENT ASSETS

1071716

967955

1024290

828000

Trade debtors

971878

845017

880519

727212

Stocks

5014

4325

4063

11677

Other Current Assets

94824

118613

139708

89111

Misc Current Assets

64473

66047

91273

44041

Due From Group

 

 

 

117

Cash

30351

52566

48435

44953

TOTAL ASSETS

1356555

1206900

1274134

1075256

TOTAL CURRENT LIABILITIES

634238

633998

609798

477232

Trade creditors

477033

436558

452322

384148

Short Term Loans

57397

120921

90866

48684

Bank Overdraft

2378

 

50

154

Bank Loans

52109

115205

86039

44992

Other Finance

2910

5716

4777

3538

Other Liabilities

99808

76519

66610

44400

WORKING CAPITAL

437478

333957

414492

350768

TOTAL LONG TERM LIABS

486014

354179

451700

407843

Long Term Loans

458717

328409

417095

374624

Bank Loans

420008

291737

375440

368579

Other Finance

38709

36672

41655

6045

Other Liabilities

27297

25770

34605

33219

NET ASSETS/(LIABILITIES)

236303

218723

212636

190181

SHARE CAPITAL + RESERVES

236303

218723

212636

190181

Share Cap + Sundry Res

2761

2614

2624

2624

Issued Share Capital

1828

1828

1828

1828

Sundry Reserves

933

786

796

796

Profit and Loss account

233542

216109

210012

187557

SHAREHOLDERS FUNDS

236303

218723

212636

190181

CAPITAL EMPLOYED

722317

572902

664336

598024

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Consolidated

Yes

Yes

Yes

Yes

Currency

GBP

GBP

GBP

GBP

Net Cashflow from Oper.

8137

97486

14019

(18176)

Increase in Cash

(24526)

4920

393

9373

Directors Remuneration

1955

4451

1742

1437

Auditors Remuneration

521

423

400

469

Liquid Assets

1002229

897583

928954

772165

Net Working Capital

437478

333957

414492

350768

Long Term Debt(>12 Months)

458717

328409

417095

374624

Other Deferred Liabs

27297

25770

34605

33219

Tangible Net Worth(T.N.W)

152099

139848

121912

110365

Equity

236303

218723

212636

190181

Number of Years Trading

119

118

117

116

Number of Employees

5555

5195

4911

4160

Profit per Employee

5608.6

4197.1

4677.7

14255.5

Sales per Employee

208043.9

209651

210566.7

148724.3

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Consolidated

Yes

Yes

Yes

Yes

Current Ratio

1.7

1.5

1.7

1.7

Long Term Debt/T.N.W

3

2.3

3.4

3.4

Pre Tax Profit Margin%

2.7

2

2.2

9.6

Gross Profit%

10.8

9.9

9.5

13.1

Debtors Days (D.S.O)

307

283

311

429

Creditors Days (D.P.O)

151

146

160

227

Quick Ratio

1.7

1.5

1.7

1.7

W.I.P/Inventory Days

1.8

1.6

1.6

7.9

Return on Investment%

5.6

4.8

5.6

10.3

Return on Assets%

2.3

1.8

1.8

5.5

T.N.W/Total Assets%

11.2

11.6

9.6

10.3

Return on Capital%

4.3

3.8

3.5

9.9

Rtn on Shareholders Funds%

13.2

10

10.8

31.2

Working Capital/Sales%

37.9

30.7

40.1

56.7

Borrowing Ratio%

339.3

321.3

416.7

383.6

Equity Gearing%

21.1

22.1

20

21.5

Stock Turnover

230.5

251.8

254.5

53

Days Purchases Outstanding

168.9

162.4

176.4

260.7

Sales/Fixed Assets

7.1

9.1

8.8

6.6

Debt Gearing

301.6

234.8

342.1

339.4

 

 

 

Key Industry Sector Trends

 

 

Year

2011

2010

2009

2008

Sample Size

1290

2822

2802

2871

Pre-Tax Profit Margin

6.1

4.4

5.6

7.9

Current Ratio

1.5

1.5

1.5

1.4

Borrowing Ratio

55.1

72.6

74.2

82.5

Return on Capital

33.8

30.6

37.2

45.9

Creditors Days

49

95

124

93

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Activities of other transport agencies

 

 

Financial Summary

 

 

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/12/2010.

 

Turnover

Turnover has increased from GBP 1,089,137,000 to GBP 1,155,684,000, a growth of 6 % in the period.

 

Operating Profit

Totalled GBP 40,774,000. In the year prior a Profit of GBP 27,952,000 was achieved.

 

Pre Tax Profit

The subject's profit increased by 42 % in the year.

 

Working Capital

The company's working capital has increased by 31 % in the period.

 

Net Worth

Net worth has increased by 8 % and now stands at GBP 236,303,000.

 

Fixed Assets

The subject's fixed assets increased during the year by GBP 45,894,000 to GBP 284,839,000 and are now 20 % of total assets compared with 19 % in the previous year.

 

Long Term Liabilities

The company's long term liabilities increased during the period by 37% and are now 206 % of net worth compared with 162 % in the previous period.

 

Long Term Liabilities

Long term liabilities are now 36 % of total liabilities compared with 29 % in the previous period.

 

Long Term Liabilities

Long term liabilities are 67 % of capital employed, an increase of 5 % over the previous period.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.05

UK Pound

1

Rs.77.78

Euro

1

Rs.65.89

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.