MIRA
INFORM REPORT
|
Name :
|
F.D.COPELAND & SONS LIMITED
|
|
|
|
|
|
|
Registered Office :
|
Colanol House, 5
Westfield Street, London, SE18 5TL.
|
|
|
|
|
|
|
Country :
|
United Kingdom
|
|
|
|
|
|
|
Financials (as on) :
|
31.12.2010
|
|
|
|
|
|
|
Date of Incorporation :
|
25.10.1948
|
|
|
|
|
|
|
Com. Reg. No.:
|
00460389
|
|
|
|
|
|
|
Legal Form :
|
Private Limited
|
|
|
|
|
|
|
Line of Business :
|
The manufacture and sale of natural essential oils and
allied products
|
|
|
|
|
|
|
No. of Employees :
|
42
|
|
|
RATING
|
STATUS
|
PROPOSED CREDIT LINE
|
|
41-55
|
Ba
|
Overall operation is considered normal. Capable to meet normal
commitments.
|
Satisfactory
|
|
|
|
|
|
Status :
|
Satisfactory
|
|
Payment Behaviour :
|
Slow but Correct
|
|
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 – 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
|
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
Company Identification Details
|
Subject Reported on
|
F.D.COPELAND & SONS LIMITED
|
|
Registration Number
|
00460389
|
|
VAT Number
|
GB412901585
|
|
Address
|
COLANOL HOUSE, 5
WESTFIELD STREET, LONDON, SE18 5TL.
|
|
Telephone
|
0870 460 8101
|
|
Facsimile
|
0870 460 8102
|
|
Email
|
websales@fdcopeland.com
|
|
Web Address
|
www.fdcopeland.com
|
Official Company Data
|
Legal Form
|
Private Limited
|
|
Registration Number
|
00460389
|
|
VAT Number
|
GB412901585
|
|
Subject Status
|
Trading
|
|
Date of Incorporation
|
25/10/1948
|
|
Registered Office
|
COLANOL HSE, 5
WESTFIELD ST, LONDON, SE18 5TL.
|
|
Date of Last Annual Return to Registry
|
09/01/2012
|
|
Accounts
|
The last filed accounts at Companies House are those to 31/12/2010
|
|
Accounting Reference Date
|
31/12
|
Operations
|
Activities
|
The manufacture and sale of natural essential oils and allied
products.
|
|
Nace Code
|
3663
|
|
Premises
|
Leased,Offices,Warehouse,Distillery
|
|
Staff Employed
|
42
|
|
Trade Names
|
COLANOL
|
|
Import Countries
|
ALL OVER THE WORLD
|
|
Export Countries
|
ALL OVER THE WORLD
|
|
Bankers
|
CLYDESDALE BANK PLC
|
|
Auditors
|
Roffe Swayne
|
|
Subsidiaries
|
BRABOURNE (PRODUCE)
LIMITED
|
|
|
F.D. COPELAND &
SONS TRUSTEES LIMITED
|
Previous Searches
|
Last 3 Months
|
Last 6 Months
|
Last 12 Months
|
|
1
|
2
|
6
|
|
Search History Details
|
|
|
|
The Search History Details shows details of the most recent 40
searches
|
|
Date
|
Description
|
|
24/07/2012
|
Miscellaneous
|
|
10/05/2012
|
Miscellaneous
|
|
12/01/2012
|
Miscellaneous
|
|
18/12/2011
|
Miscellaneous
|
|
06/12/2011
|
Miscellaneous
|
|
16/09/2011
|
Miscellaneous
|
|
22/08/2011
|
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
|
7
|
|
Number Outstanding
|
2
|
|
Number Partially Satisfied
|
0
|
|
Number Satisfied
|
5
|
|
|
|
|
Date of Latest Mortgage Created
|
30/06/2009
|
|
Date of Latest Satisfaction
|
02/02/2007
|
Details of most recent Mortgages, Charges and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
|
14/07/2009
|
30/06/2009
|
Debenture
|
395
|
Clydesdale Bank Plc
|
|
|
01/12/2006
|
29/11/2006
|
Debenture
|
395
|
Fortis Bank Sa-Nv
|
|
02/02/2007
|
20/05/2003
|
16/05/2003
|
Mortgage Debenture
|
395
|
Aib Group (Uk)
P.L.C.
|
|
06/06/2003
|
13/12/1983
|
01/12/1983
|
Charge
|
N/A
|
National Westminster Bank Plc
|
|
02/02/2007
|
21/09/1978
|
12/09/1978
|
Supplemental Legal Charge
|
N/A
|
Industrial And Commercial Finance Corporation Limited
|
|
02/02/2007
|
17/02/1978
|
15/02/1978
|
Debenture
|
N/A
|
Industrial And Commercial Finance Corporation Limited
|
|
06/06/2003
|
30/11/1971
|
29/11/1971
|
Mortgage Debenture
|
N/A
|
National Westminster Bank Ltd
|
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
|
Other Filings and Notices
|
23/05/2006
|
Companies House Gazette
|
Change among directors of a company
|
|
02/07/2003
|
Companies House Gazette
|
Change among directors of a company
|
|
10/01/2003
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
14/11/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
17/02/2001
|
Companies House Gazette
|
Change among directors of a company
|
|
09/07/1999
|
Companies House Gazette
|
Change among directors of a company
|
|
09/07/1996
|
Companies House Gazette
|
Change among directors of a company
|
|
04/01/1996
|
Companies House Gazette
|
Change among directors of a company
|
|
04/01/1995
|
Companies House Gazette
|
Change among directors of a company
|
|
24/11/1994
|
Companies House Gazette
|
Change among directors of a company
|
|
13/02/1992
|
Companies House Gazette
|
Change among directors of a company
|
|
23/12/1991
|
Companies House Gazette
|
Change among directors of a company
|
|
16/12/1991
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
09/10/1991
|
Companies House Gazette
|
Change among directors of a company
|
|
16/05/1991
|
Companies House Gazette
|
Change among directors of a company
|
|
03/01/1991
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
07/12/1988
|
Companies House Gazette
|
Documents delivered by a company under section 241 (annual accounts)
|
|
18/02/1988
|
Companies House Gazette
|
Documents delivered by a company under section 241 (annual accounts)
|
|
20/02/1986
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
DAVID LAURENCE SARGENT
|
|
Service Address
|
COLANOL HSE, 5
WESTFIELD ST, LONDON, SE18 5TL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
05/09/1964
|
|
Appointment Date
|
25/01/2001
|
Directors
|
Director
|
MR DEREK TIMOTHY COPELAND
|
|
Service Address
|
DROVEWAY, STELLING MUNNIS, CANTERBURY,
KENT, CT4 6AJ.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
29/04/1937
|
|
Appointment Date
|
11/01/1993
|
|
Director
|
MICHAEL TORRE
|
|
Service Address
|
10 LISKEARD CLOSE, CHISLEHURST, KENT, BR7 5HW.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
30/05/1961
|
|
Appointment Date
|
01/01/1995
|
|
Director
|
ANDREW JOHN FELLOWES
|
|
Service Address
|
COLANOL HSE, 5
WESTFIELD ST, LONDON, SE18 5TL.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
14/08/1956
|
|
Appointment Date
|
01/07/1996
|
|
Director
|
DAVID LAURENCE SARGENT
|
|
Service Address
|
39 BEECH
HALL ROAD, LONDON, E4 9NJ.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
05/09/1964
|
|
Appointment Date
|
01/05/2006
|
|
Director
|
STEPHEN JAMES SMITH
|
|
Service Address
|
5 UPPER MILL, WATERINGBURY, KENT,
ME18 5PD.
|
|
Country of Origin
|
UNITED
KINGDOM
|
|
Date of Birth
|
27/10/1961
|
|
Appointment Date
|
01/01/1995
|
|
Other Directorships
|
BRITISH ESSENTIAL OIL ASSOCIATION LIMITED(THE), F.D. COPELAND
& SONS TRUSTEES LIMITED
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
100,000
|
|
Principal Shareholder
|
74,987 F.D. Copeland & Sons Trustees Ltd
|
|
|
8,150 Richard Copeland
|
|
|
5,000 Stephen Smith
|
|
|
5,000 Michael Torre
|
|
|
5,000 Andrew Fellowes
|
|
|
732 John Copeland
|
|
|
732 Ann Copeland
|
|
|
399 D.T. Copeland Trust
|
|
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
|
|
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
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
SALES
|
16793
|
15127
|
13782
|
12039
|
|
UK sales
|
8364
|
7723
|
6729
|
6388
|
|
Export
|
8429
|
7404
|
7053
|
5651
|
|
Cost of goods sold
|
13932
|
12644
|
11441
|
10066
|
|
GROSS PROFIT
|
2861
|
2483
|
2341
|
1973
|
|
Wages and Salaries
|
|
1587
|
1798
|
1447
|
|
Directors Emoluments
|
491
|
548
|
551
|
455
|
|
Auditors Fees
|
15
|
19
|
17
|
17
|
|
Non-Audit Fees
|
|
|
19
|
7
|
|
Trading Profit
|
463
|
251
|
238
|
151
|
|
Depreciation
|
76
|
34
|
63
|
72
|
|
OPERATING PROFIT
|
387
|
217
|
175
|
79
|
|
Non Trading Income
|
|
|
7
|
12
|
|
Interest Payable
|
44
|
32
|
32
|
11
|
|
PRE TAX PROFIT
|
343
|
185
|
150
|
80
|
|
Taxation
|
118
|
47
|
30
|
25
|
|
PROFIT AFTER TAX
|
225
|
138
|
120
|
55
|
|
RETAINED PROFITS
|
225
|
138
|
120
|
55
|
|
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
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
TOTAL FIXED ASSETS
|
818
|
110
|
71
|
106
|
|
Tangible Assets
|
818
|
110
|
71
|
106
|
|
Fixed Assets
|
818
|
110
|
71
|
106
|
|
TOTAL CURRENT ASSETS
|
6992
|
7018
|
6970
|
5551
|
|
Trade debtors
|
2859
|
2365
|
2564
|
1965
|
|
Stocks
|
3571
|
3532
|
4144
|
2938
|
|
Other Current Assets
|
562
|
1121
|
262
|
648
|
|
Misc Current Assets
|
429
|
191
|
261
|
159
|
|
Cash
|
133
|
930
|
1
|
489
|
|
TOTAL ASSETS
|
7810
|
7128
|
7041
|
5657
|
|
TOTAL CURRENT LIABILITIES
|
3159
|
2735
|
2786
|
1522
|
|
Trade creditors
|
860
|
873
|
1199
|
779
|
|
Short Term Loans
|
973
|
|
677
|
|
|
Bank Overdraft
|
973
|
|
677
|
|
|
Other Liabilities
|
1326
|
1862
|
910
|
743
|
|
WORKING CAPITAL
|
3833
|
4283
|
4184
|
4029
|
|
TOTAL LONG TERM LIABS
|
34
|
|
|
|
|
Other Liabilities
|
34
|
|
|
|
|
NET ASSETS/(LIABILITIES)
|
4617
|
4393
|
4255
|
4135
|
|
SHARE CAPITAL + RESERVES
|
4617
|
4393
|
4255
|
4135
|
|
Share Cap + Sundry Res
|
(692)
|
(692)
|
(692)
|
(692)
|
|
Issued Share Capital
|
100
|
100
|
100
|
100
|
|
Sundry Reserves
|
(792)
|
(792)
|
(792)
|
(792)
|
|
Profit and Loss account
|
5309
|
5085
|
4947
|
4827
|
|
SHAREHOLDERS FUNDS
|
4617
|
4393
|
4255
|
4135
|
|
CAPITAL EMPLOYED
|
4651
|
4393
|
4255
|
4135
|
|
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
|
|
Currency
|
GBP
|
GBP
|
GBP
|
GBP
|
|
Net Cashflow from Oper.
|
(899)
|
1736
|
(1091)
|
519
|
|
Increase in Cash
|
(1770)
|
1607
|
(1166)
|
548
|
|
Directors Remuneration
|
491
|
548
|
551
|
455
|
|
Auditors Remuneration
|
15
|
19
|
17
|
17
|
|
Liquid Assets
|
2992
|
3295
|
2565
|
2454
|
|
Net Working Capital
|
3833
|
4283
|
4184
|
4029
|
|
Other Deferred Liabs
|
34
|
|
|
|
|
Tangible Net Worth(T.N.W)
|
4617
|
4393
|
4255
|
4135
|
|
Equity
|
4617
|
4393
|
4255
|
4135
|
|
Number of Years Trading
|
62
|
61
|
60
|
59
|
|
Number of Employees
|
|
42
|
42
|
43
|
|
Profit per Employee
|
|
4404.8
|
3571.4
|
1860.5
|
|
Sales per Employee
|
|
360166.7
|
328142.9
|
279976.7
|
|
The following figures are shown as Ratios or Percentages
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Current Ratio
|
2.2
|
2.6
|
2.5
|
3.6
|
|
Pre Tax Profit Margin%
|
2
|
1.2
|
1.1
|
0.7
|
|
Gross Profit%
|
17
|
16.4
|
17
|
16.4
|
|
Debtors Days (D.S.O)
|
62
|
57
|
68
|
60
|
|
Creditors Days (D.P.O)
|
19
|
21
|
32
|
24
|
|
Quick Ratio
|
1.1
|
1.3
|
1
|
1.7
|
|
W.I.P/Inventory Days
|
93.6
|
102
|
132.2
|
106.5
|
|
Return on Investment%
|
6.9
|
4.9
|
3.7
|
2.2
|
|
Return on Assets%
|
4.4
|
2.6
|
2.1
|
1.4
|
|
T.N.W/Total Assets%
|
59.1
|
61.6
|
60.4
|
73.1
|
|
Return on Capital%
|
7.4
|
4.2
|
3.5
|
1.9
|
|
Rtn on Shareholders Funds%
|
7.4
|
4.2
|
3.5
|
1.9
|
|
Working Capital/Sales%
|
22.8
|
28.3
|
30.4
|
33.5
|
|
Borrowing Ratio%
|
21.1
|
|
15.9
|
|
|
Equity Gearing%
|
144.6
|
160.6
|
152.7
|
271.7
|
|
Stock Turnover
|
4.7
|
4.3
|
3.3
|
4.1
|
|
Days Purchases Outstanding
|
22.5
|
25.2
|
38.3
|
28.2
|
|
Sales/Fixed Assets
|
20.5
|
137.5
|
194.1
|
113.6
|
Key Industry Sector Trends
|
Year
|
2012
|
2011
|
2010
|
2009
|
|
Sample Size
|
836
|
8955
|
10305
|
10034
|
|
Pre-Tax Profit Margin
|
6.2
|
5.6
|
4.2
|
4.1
|
|
Current Ratio
|
1.6
|
1.5
|
1.5
|
1.6
|
|
Borrowing Ratio
|
41.4
|
36.9
|
42.8
|
39.4
|
|
Return on Capital
|
36.5
|
25
|
24.3
|
28.5
|
|
Creditors Days
|
49
|
105
|
104
|
97
|
|
Above figures relate to companies in 2003 Standard Industry Classification
(Nace) sector : Miscellaneous manufacturing not elsewhere classified
|
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 by 11 %, a growth
of GBP 1,666,000 in the period.
|
|
Operating Profit
|
|
Totalled GBP 387,000. In the year prior
a Profit of GBP 217,000 was achieved.
|
|
Pre Tax Profit
|
|
The subject's profit increased by 85 %
in the year.
|
|
Working Capital
|
|
The subject's working capital decreased
by 11 % in the period but remains positive.
|
|
Net Worth
|
|
Net worth was GBP 4,617,000.
|
|
Fixed Assets
|
|
The subject's fixed assets increased
during the year by GBP 708,000 to GBP 818,000 and are now 10 % of total
assets compared with 1 % in the previous year.
|
|
|
Currency
|
Unit
|
Indian Rupees
|
|
US Dollar
|
1
|
Rs.54.73
|
|
UK Pound
|
1
|
Rs.88.61
|
|
Euro
|
1
|
Rs.71.34
|
|
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.
|
|