MIRA
INFORM REPORT
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Report Date : |
16.01.2012 |
IDENTIFICATION DETAILS
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Name : |
BARROW,LANE & BALLARD LTD. |
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Registered Office : |
52-54 Southwark Street London, SE1 1UR |
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Country : |
United Kingdom |
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Financials (as on) : |
30.09.2010 |
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Date of Incorporation : |
05.08.1964 |
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Com. Reg. No.: |
00814563 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods |
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No. of Employees : |
12 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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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) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name And Address
Barrow,Lane & Ballard Ltd.
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Business
Description
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Established in 1887, Barrow,Lane & Ballard Ltd. supplies edible nuts
and dried fruits to processors, packers and food manufacturers. It sources a
range of peanuts and Brazil and walnut kernels. The company provides
sunflowers for the bird food market. It undertakes various logistic, quality
control, financing, inspection and delivery operations. The company also
supplies cashew nuts in a variety of split, broken and scorched grades. It
delivers products in containers and pallets. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
3739 - Other Goods Wholesaling Not
Elsewhere Classified |
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NACE 2002: |
5111 - Agents involved in the sale of
agricultural raw materials, live animals, textile raw materials and
semi-finished goods |
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NAICS 2002: |
425120 - Wholesale Trade Agents and Brokers
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UK SIC 2003: |
5111 - Agents involved in the sale of
agricultural raw materials, live animals, textile raw materials and
semi-finished goods |
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US SIC 1987: |
5099 - Durable Goods, Not Elsewhere
Classified |
Key Executives
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Financial Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6425498
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6345983
Corporate Overview
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Corporate Structure News
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Barrow,Lane
& Ballard Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Harrow |
United Kingdom |
Business Services |
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Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
32.6 |
12 |
Executives Report
|
Directors and Shareholders Report
Annual
Return Date: 17 Aug 2011
Total Issued Capital (GBP 000): 100
|
Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
16 Jan 1978 |
56A Crewys Road, London, |
25 Oct 2010 |
NA |
Current:6 |
|
|
|
Current |
26 Dec 1951 |
2 Blue Cedars, |
17 Aug 1991 |
NA |
Current:4 |
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|
Current |
03 Oct 1971 |
2 Holmfield Avenue, |
25 Oct 2010 |
NA |
Current:4 |
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Current |
05 Jun 1955 |
97 The Ridgeway, |
25 Oct 2010 |
NA |
Current:2 |
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Current |
18 Feb 1955 |
The Chestnuts Old Avenue, |
17 Aug 1991 |
NA |
Current:11 |
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|
Current |
02 Dec 1958 |
32 Thornash Road, Horsell, |
22 Oct 1996 |
NA |
Current:3 |
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|
Current |
05 Feb 1955 |
6 Kenmore Road, Kenton, |
22 Oct 1996 |
NA |
Current:2 |
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Previous |
15 Oct 1944 |
3 Fairways, |
17 Aug 1991 |
19 Oct 2006 |
Current:1 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Previous |
18 Feb 1955 |
The Chestnuts Old Avenue, |
17 Aug 1991 |
25 Oct 2010 |
Current:11 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
01734255 |
100000 Deferred GBP 1.00 |
Deferred |
100,000 |
1.00 |
100,000.00 |
99.90 |
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|
01734255 |
100 Ordinary GBP 0.01 |
Ordinary |
100 |
0.01 |
1.00 |
0.10 |
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Annual Profit & Loss
|
Financials in: USD (mil) |
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|
Except for share items (millions) and per
share items (actual units) |
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|
30-Sep-2010 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
26 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.64255 |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
|
Consolidated |
No |
No |
No |
No |
No |
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Total Turnover |
32.6 |
67.8 |
70.8 |
78.6 |
94.7 |
|
Cost of Sales |
31.4 |
64.1 |
66.7 |
76.2 |
89.9 |
|
Gross Profit |
1.2 |
3.7 |
4.1 |
2.4 |
4.8 |
|
Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Expenses |
0.9 |
2.0 |
2.6 |
2.0 |
2.3 |
|
Operating Profit |
0.3 |
1.8 |
1.5 |
0.4 |
- |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.1 |
0.3 |
|
Interest Paid |
0.1 |
0.3 |
0.5 |
0.9 |
1.0 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
|
Profit Before Taxes |
0.2 |
1.4 |
1.0 |
-0.4 |
1.7 |
|
Tax Payable / Credit |
0.1 |
0.4 |
0.3 |
-0.1 |
0.4 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
1.6 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit After Taxes |
-1.5 |
1.0 |
0.7 |
-0.3 |
1.3 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Number of Employees |
12 |
12 |
12 |
14 |
17 |
|
Wages |
0.4 |
1.1 |
1.0 |
1.1 |
1.5 |
|
Social Security Costs |
0.1 |
0.1 |
0.1 |
0.1 |
0.2 |
|
Pensions |
0.1 |
0.2 |
0.2 |
0.2 |
0.1 |
|
Other Pension Costs |
0.1 |
0.2 |
0.2 |
0.2 |
0.1 |
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Employees Remuneration |
0.6 |
1.3 |
1.3 |
1.5 |
1.8 |
|
Directors Emoluments |
0.3 |
- |
0.4 |
0.5 |
0.8 |
|
Other Costs |
0.0 |
0.6 |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.3 |
0.7 |
0.6 |
0.7 |
0.9 |
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Highest Paid Director |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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|
30-Sep-2010 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.634598 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
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Consolidated |
No |
No |
No |
No |
No |
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|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Stocks |
5.6 |
5.7 |
4.9 |
6.5 |
10.4 |
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Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Stocks Work In Progress |
5.6 |
5.7 |
4.9 |
6.5 |
10.4 |
|
Trade Debtors |
8.6 |
6.5 |
5.6 |
10.0 |
10.2 |
|
Inter-Company Debtors |
- |
- |
- |
- |
0.0 |
|
Other Debtors |
0.1 |
0.1 |
0.1 |
0.3 |
0.2 |
|
Total Debtors |
8.7 |
6.6 |
5.7 |
10.3 |
10.4 |
|
Cash and Equivalents |
1.3 |
3.1 |
0.7 |
3.2 |
1.7 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
15.7 |
15.4 |
11.4 |
20.0 |
22.5 |
|
Total Assets |
15.7 |
15.5 |
11.4 |
20.1 |
22.5 |
|
Trade Creditors |
2.5 |
3.2 |
2.5 |
4.5 |
3.3 |
|
Bank Overdraft |
9.6 |
3.7 |
3.5 |
9.6 |
13.5 |
|
Inter-Company Creditors |
0.0 |
3.6 |
1.6 |
2.1 |
1.5 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
0.1 |
0.1 |
0.3 |
0.2 |
0.2 |
|
Social Security/VAT |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Corporation Tax |
0.4 |
0.4 |
0.2 |
0.0 |
0.1 |
|
Dividends (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
12.7 |
11.1 |
8.2 |
16.5 |
18.7 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
2.9 |
4.2 |
3.1 |
3.4 |
3.7 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
3.1 |
4.4 |
3.2 |
3.6 |
3.9 |
|
Net Worth |
3.1 |
4.4 |
3.2 |
3.6 |
3.9 |
|
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Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
30-Sep-2010 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
26 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.64255 |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
|
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|
Net Cash Flow From Operating Activities |
-5.8 |
3.1 |
2.5 |
6.6 |
5.7 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
-0.3 |
-0.5 |
-0.9 |
-1.0 |
|
Taxation |
0.0 |
-0.3 |
0.1 |
-0.1 |
-0.3 |
|
Capital Expenditures |
0.0 |
-0.1 |
0.0 |
0.0 |
0.0 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-1.6 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
-7.5 |
2.4 |
2.2 |
5.5 |
4.4 |
|
|
|
Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
30-Sep-2010 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
26 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.634598 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.24 |
1.39 |
1.39 |
1.22 |
1.20 |
|
Liquidity Ratio |
0.79 |
0.87 |
0.79 |
0.82 |
0.65 |
|
Stock Turnover |
11.69 |
11.25 |
12.18 |
11.93 |
9.47 |
|
Credit Period (Days) |
47.74 |
36.70 |
34.19 |
47.06 |
38.03 |
|
Working Capital by Sales |
4.54% |
6.70% |
5.33% |
4.58% |
3.89% |
|
Trade Credit by Debtors |
0.29 |
0.49 |
0.45 |
0.45 |
0.32 |
|
Return on Capital |
14.39% |
31.00% |
27.12% |
-12.33% |
46.28% |
|
Return on Assets |
2.80% |
8.79% |
7.68% |
-2.21% |
7.91% |
|
Profit Margin |
0.67% |
2.11% |
1.45% |
-0.57% |
1.82% |
|
Return on Shareholders Funds |
14.39% |
31.00% |
27.12% |
-12.33% |
46.28% |
|
Borrowing Ratio |
314.11% |
167.71% |
158.89% |
327.65% |
390.23% |
|
Equity Gearing |
19.44% |
28.35% |
28.33% |
17.94% |
17.10% |
|
Interest Coverage |
1.71 |
4.24 |
2.19 |
-0.49 |
1.71 |
|
Sales by Tangible Assets |
1,086.22 |
1,069.54 |
3,731.42 |
2,614.19 |
2,991.41 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Sales per Employee |
5.5 |
5.4 |
5.0 |
5.6 |
5.8 |
|
Capital Employed per Employee |
0.3 |
0.4 |
0.3 |
0.3 |
0.2 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
1.3 |
1.3 |
0.9 |
1.4 |
1.3 |
|
Employee Remuneration by Sales |
1.73% |
1.98% |
1.83% |
1.85% |
1.87% |
|
Creditor Days (Cost of Sales Based) |
14.48 |
19.12 |
16.24 |
21.74 |
12.77 |
|
Creditor Days (Sales Based) |
13.94 |
18.08 |
15.31 |
21.08 |
12.13 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.43 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.66.17 |
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 SCs 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.