MIRA INFORM REPORT

 

 

Report Date :

18.09.2012

 

IDENTIFICATION DETAILS

 

Name :

DOHLER (UK) LTD.

 

 

Registered Office :

Opal Court, Opal Court Opal Drive, Fox Milne, Milton Keynes, MK15 0DF
Buckinghamshire County

 

 

Country :

Germany

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

16.10.1995

 

 

Com. Reg. No.:

03114289

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Importing and marketing of flavours and ingredients for the beverage industry

 

 

No. of Employees :

12

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Slow

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)

Germany

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GERMANY - ECONOMIC OVERVIEW

                       

The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.

Source : CIA

Company name and address

 

Dohler (UK) Ltd.

 

 

 

Opal Court

Opal Court Opal Drive

Fox Milne

Milton Keynes, MK15 0DF

United Kingdom

Tel:

0870 870 9737

 

Employees:

12

Company Type:

Private Subsidiary

Corporate Family:

3 Companies

Ultimate Parent:

Continental Fruit B.V.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

16-Oct-1995

Auditor:

Camfield Chapman Lowe

 

Fiscal Year End:

31-Dec-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

2.8

 

 

 Business Description   

 

 

Importing and marketing of flavours and ingredients for the beverage industry.

 

 

Industry

                 

 

Industry

Food Processing

ANZSIC 2006:

3609 - Other Grocery Wholesaling

NACE 2002:

5139 - Non-specialised wholesale of food, beverages and tobacco

NAICS 2002:

424490 - Other Grocery and Related Products Merchant Wholesalers

UK SIC 2003:

5139 - Non-specialised wholesale of food, beverages and tobacco

UK SIC 2007:

4639 - Non-specialised wholesale of food, beverages and tobacco

US SIC 1987:

5149 - Groceries and Related Products, Not Elsewhere Classified

 

 

 Key Executives   

 

 

Name

Title

Martin Walsh

Director

 

 

Financial Summary

                                  

 

FYE: 31-Dec-2011

USD (mil)

Key Figures

 

Current Assets

2.55

Fixed Assets

0.26

Total Liabilities

1.04

Net Worth

1.76

 

Key Ratios

 

Current Ratio

2.46

Acid Test

2.30

 

 

Registered No.(UK)

 

03114289

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593

 

 

Corporate Overview

 

 

Location
Opal Court
Opal Court Opal Drive
Fox Milne
Milton Keynes, MK15 0DF
Buckinghamshire County
United Kingdom

 

Tel:

0870 870 9737

 

Suggest Company URL

 

Sales GBP(mil):

NA

Assets GBP(mil):

1.8

Employees:

12

Fiscal Year End:

31-Dec-2011

 

 

 

Industry:

Food Processing

Registered Address:
1A Opal Court
Opal Drive Fox Milne
Milton Keynes, MK15 0DF
United Kingdom

 

Incorporation Date:

16-Oct-1995

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

03114289

 

Director:

Martin Walsh

 

Industry Codes

 

ANZSIC 2006 Codes:

3609

-

Other Grocery Wholesaling

 

NACE 2002 Codes:

5139

-

Non-specialised wholesale of food, beverages and tobacco

 

NAICS 2002 Codes:

424490

-

Other Grocery and Related Products Merchant Wholesalers

 

US SIC 1987:

5149

-

Groceries and Related Products, Not Elsewhere Classified

 

UK SIC 2003:

5139

-

Non-specialised wholesale of food, beverages and tobacco

 

UK SIC 2007:

4639

-

Non-specialised wholesale of food, beverages and tobacco

Top

Business Description

Importing and marketing of flavours and ingredients for the beverage industry.

Source: Experian Ltd.

More Business Descriptions

Fruit Juice (Producers and Merchants)

Source: 118 Info

Top

 

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.8

Current Assets:

1.6

 

Fixed Assets:

0.2

 

Long Term Debt:

0.0

 

Total Liabilities:

0.7

 

Issued Capital:

NaN

 

Working Capital:

1.0

 

Net Worth:

1.1

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

Top

Key Corporate Relationships

Auditor:

Camfield Chapman Lowe

Bank:

The Royal Bank Of Scotland PLC

 

Auditor:

Camfield Chapman Lowe

 

 

 

 

 

 

Top

 

Corporate Family

Corporate Structure News:

 

Dohler (UK) Ltd.

Dohler (UK) Ltd.
Total Corporate Family Members: 3

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Source

Continental Fruit B.V.

Parent

 

 

 

 

 

 

Continental Fruit U. K. Ltd.

Subsidiary

Milton Keynes

United Kingdom

Food Processing

 

 

RM

Dohler (UK) Ltd.

Subsidiary

Milton Keynes

United Kingdom

Food Processing

 

12

EXP

 

 

 

 

 

Dohler (UK) Ltd.

Milton Keynes, , United Kingdom, Tel: 0870 870 9737

Executives Report

 

Board of Directors

 

Name

Title

Function

Source

Martin Walsh

 

Director

Director/Board Member

Experian Ltd. 

Age: 61

Source: Experian Ltd.

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Opal Court
Opal Court Opal Drive
Milton Keynes
United Kingdom MK15 0DF

Tel: 0870 870 9737

Annual Return Date: 16 Oct 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Martin
Walsh

Current

19 Apr 1951

10 Kingsley Road,
Bedford, Bedfordshire MK40 3SF

16 Oct 1995

NA

Current:2
Previous:3
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Christopher Mark
Ford

Previous

07 Nov 1963

21 Hollow Wood,
Olney, Buckinghamshire MK46 5LY

16 Oct 1995

06 Oct 1997

Current:0
Previous:5
Disqualifications:0

 

Neil
Morrison

Previous

05 Apr 1956

27 Nottingham Grove, Bletchley,
Milton Keynes, Buckinghamshire MK3 7WA

06 Oct 1997

26 Feb 2001

Current:4
Previous:5
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Aldbury Secretaries Limited

Current

1 Ternion Court, 264-268 Upper Fourth Street,
Milton Keynes, Buckinghamshire MK9 1DP

26 Feb 2001

NA

 

 

 

 

Individual Shareholders

 

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

 

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Continental Fruit U.K Limited

03911858

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

100.00

 

 

 

 

Annual Profit & Loss

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

  Financial Glossary

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623776

0.647573

0.641508

0.545576

0.499878

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Gross Profit

-

-

-

-

3.3

Depreciation

0.1

0.1

0.1

0.0

0.0

Other Expenses

-

-

-

-

2.0

Operating Profit

-

-

-

-

1.3

Other Income

-

-

-

-

0.0

Interest Paid

-

-

-

-

0.0

Exceptional Income

-

-

-

-

0.0

Discontinued Operations

-

-

-

-

0.0

Profit Before Taxes

-

-

-

-

1.4

Tax Payable / Credit

-

-

-

-

0.4

Extraordinary Items/Debits

-

-

-

-

0.0

Dividends

-

-

-

-

1.1

Profit After Taxes

-

-

-

-

-0.2

Minority Interests (Profit & Loss)

-

-

-

-

0.0

Audit Fees

-

-

-

-

0.0

Number of Employees

-

-

-

-

12

Wages

-

-

-

-

1.0

Social Security Costs

-

-

-

-

0.1

Pensions

-

-

-

-

0.0

Other Pension Costs

-

-

-

-

0.0

Employees Remuneration

-

-

-

-

1.2

Directors Emoluments

-

-

-

-

0.2

Other Costs

-

-

-

-

0.0

Directors Remuneration

-

-

-

-

0.2

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.643459

0.638712

0.619253

0.695531

0.502361

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

-

-

-

-

0.1

Fixtures & Fittings

-

-

-

-

0.0

Plant & Vehicles

-

-

-

-

0.0

Total Tangible Fixed Assets

0.3

0.2

0.2

0.2

0.2

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

0.3

0.2

0.2

0.2

0.2

Total Stocks Work In Progress

0.2

0.0

0.1

0.1

0.1

Trade Debtors

-

-

-

-

0.3

Inter-Company Debtors

-

-

-

-

1.1

Director Loans

-

-

-

-

0.0

Other Debtors

-

-

-

-

0.1

Total Debtors

2.3

3.1

2.3

3.6

1.5

Cash and Equivalents

0.1

0.2

0.0

0.1

0.5

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.6

3.4

2.4

3.7

2.1

Total Assets

2.8

3.5

2.6

3.9

2.3

Trade Creditors

-

-

-

-

0.1

Bank Overdraft

-

-

-

-

0.0

Inter-Company Creditors

-

-

-

-

0.4

Director Loans (Current Liability)

-

-

-

-

0.0

Hire Purchase (Current Liability)

-

-

-

-

0.0

Finance Lease (Current Liability)

-

-

-

-

0.0

Total Finance Lease/Hire Purchase (Current Liability)

-

-

-

-

0.0

Total Short Term Loans

-

-

-

-

0.0

Accruals/Deferred Income (Current Liability)

-

-

-

-

0.2

Social Security/VAT

-

-

-

-

0.1

Corporation Tax

-

-

-

-

0.2

Dividends (Current Liability)

-

-

-

-

0.0

Other Current Liabilities

1.0

1.1

1.3

1.5

0.0

Total Current Liabilities

1.0

1.1

1.3

1.5

0.9

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

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

0.0

0.0

0.0

0.0

0.0

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

1.8

2.4

1.3

2.4

1.3

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

1.8

2.4

1.3

2.4

1.3

Net Worth

1.8

2.4

1.3

2.4

1.3

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623776

0.647573

0.641508

0.545576

0.499878

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

31-Dec-2011

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.643459

0.638712

0.619253

0.695531

0.502361

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.46

3.09

1.85

2.50

2.21

Liquidity Ratio

2.30

3.04

1.79

2.46

2.09

Trade Credit by Debtors

-

-

-

-

0.27

Return on Capital

-

-

-

-

104.45%

Return on Assets

-

-

-

-

60.48%

Return on Shareholders Funds

-

-

-

-

104.48%

Borrowing Ratio

-

-

-

-

27.08%

Equity Gearing

62.81%

69.10%

50.28%

61.59%

57.89%

Average Remuneration per Employee

-

-

-

-

0.1

Profit per Employee

-

-

-

-

0.1

Capital Employed per Employee

-

-

-

-

0.1

Tangible Assets per Employee

-

-

-

-

0.0

Total Assets per Employee

-

-

-

-

0.2

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.97

UK Pound

1

Rs.87.52

Euro

1

Rs.70.84

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.