MIRA INFORM REPORT

 

 

Report Date :

22.09.2012

 

 

 

IDENTIFICATION DETAILS

 

Name :

KERRY INGREDIENTS HOLDINGS (U.K.) LIMITED

 

Formerly Known As :

 

KERRY INGREDIENTS (UK) LIMITED

 

 

Registered Office :

Equinox South Great Park Road Bradley Stoke Bristol BS32 4QL

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.12.1977

 

 

Com. Reg. No.:

01341723

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Milk Butter and Cheese Production

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – 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

REGISTERED NAME & COMPANY SUMMARY

 

KERRY INGREDIENTS HOLDINGS (U.K.) LIMITED

Company Name

KERRY INGREDIENTS HOLDINGS (U.K.) LIMITED

Company Number

01341723

 

 

 

 

Registered Address

EQUINOX SOUTH

Trading Address

Bradley Road
Portbury
Bristol
Avon
BS20 7NZ

 

GREAT PARK ROAD BRADLEY STOKE

 

 

BRISTOL

 

 

BS32 4QL

 

 

 

 

 

Website Address

http://www.kerry.com

 

 

Telephone Number

01454201666

Fax Number

 

TPS

No

FPS

No

Incorporation Date

01/12/1977

Company Status

Active - Accounts Filed

Previous Name

KERRY INGREDIENTS (UK) LIMITED

Type

Private limited with Share Capital

Date of Change

25/02/1994

Filing Date of Accounts

30/09/2011

 

 

Share Capital

£2

SIC03

1551

Currency

GBP

SIC03 Description

MILK BUTTER AND CHEESE PRODUCTION

SIC07

10511

SIC07 Description

LIQUID MILK AND CREAM PRODUCTION

Principal Activity

Holding company.

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

6

Current Directors

Name

Brian Cornelius Mehigan

Date of Birth

01/07/1961

Officers Title

Mr

Nationality

Irish

Present Appointments

81

Function

Director

Appointment Date

02/01/2002

 

 

Address

Killelton Camp,  ,  Tralee, 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Flor Healy

Date of Birth

03/04/1962

Officers Title

Mr

Nationality

Irish

Present Appointments

59

Function

Director

Appointment Date

13/05/2008

 

 

Address

33 Fairyhouse Lodge,,  ,  Ratoath, 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Brian Durran

Date of Birth

07/12/1954

Officers Title

Mr

Nationality

Irish

Present Appointments

89

Function

Company Secretary

Appointment Date

16/07/1991

 

 

Address

3 Cloghers,  Ballyard,  Tralee, 

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

NEGATIVE INFORMATION

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

 

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

ortgage Summary

Outstanding

0

Satisfied

0

 

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name

Individual Share Value

KERRY HOLDINGS (UK) LTD

2 ORDINARY GBP 1.00

PAYMENT INFORMATION

Payment Information Summary

Days Beyond Terms

Trend Indicator

 

 

N/A

10

Company DBT

UK Average DBT

Steady

   

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

128 companies

Linkages

82 companies

Countries

In 25 countries

 

Summary

Holding Company

KERRY HOLDINGS (U.K.) LIMITED

Ownership Status

Intermediately Owned

Ultimate Holding Company

KERRY GROUP PUBLIC LIMITED COMPANY

 

Group structure

 

 

 

 

 

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

KERRY GROUP PUBLIC LIMITED COM...

 

IE111471

31.12.2011

Y

€5,302,200,000

CUARTO LIMITED

 

IE469222

31.12.2011

N

 

DENNY FOODS LIMITED

 

IE171614

31.12.2011

N

 

KERRY HOLDINGS (U.K.) LIMITED

 

1663249

31.12.2010

N

 

KERRY FOODS DISTRIBUTION...

 

514648

31.12.2010

N

 

CHARCUTERIE FOODS LIMITED

 

2002852

31.12.2010

N

 

DIVERSITY FOODS LIMITED

 

1132457

31.12.2010

N

 

GOURMANDISE FOODS LIMITED

 

1662549

31.12.2010

N

 

CHARCUTERIE LIMITED

 

3982835

31.12.2010

N

 

KERRY SAVOURY FOODS LIMITED

 

2594161

31.12.2010

N

 

GOLDEN VALE (NI) LIMITED

 

NI023119

31.12.2010

N

 

ACROSTIC INVESTMENTS L...

 

NI027729

31.12.2010

N

 

LECKPATRICK HOLDINGS L...

 

NI023259

31.12.2010

N

 

LECKPATRICK DAIRIES...

 

NI022542

31.12.2010

N

 

CREAMLINE PRODUCTS...

 

NI001817

31.12.2010

N

 

GOLDEN VALE FOODS...

 

NI003860

31.12.2010

N

 

ST. BRENDANS IRI...

 

NI016383

31.12.2010

N

 

GOLDEN VALE DPP LIMITED

 

1821692

31.12.2010

N

 

GOLDEN COW DAIRIES LIM...

 

NI004702

31.12.2010

N

£34,242,180

DAIRY PRODUCE PACKERS...

 

NI022009

31.12.2010

N

£1,360,028,657

DAIRYBORN FOODS LIMITED

 

2476760

31.12.2010

N

 

RVF (UK) LIMITED

 

NI036194

31.12.2010

N

 

BLACKMOSS LIMITED

 

317472

31.12.2010

N

 

HENRY DENNY & SONS (N.I....

 

NI020307

31.12.2010

N

 

KERRY FOODS LIMITED

 

2604258

31.12.2010

N

£567,886,664

PORTSAIL LIMITED

 

639045

31.12.2010

N

 

KERRY INGREDIENTS HOLDIN...

 

1341723

31.12.2010

N

 

SPICEMANNS LIMITED

 

SC023225

31.12.2010

N

 

MENSTRIE FOODS LIMITED

 

874176

31.12.2010

N

 

MARGETTS FOODS LIMITED

 

1570164

31.12.2010

N

 

TITUSFIELD LIMITED

 

1571252

31.12.2010

N

 

E B I FOODS LIMITED

 

1828074

31.12.2010

N

 

DALE COUNTRY FOODS LIM...

 

2056175

31.12.2010

N

 

G.R. SPINKS & COMPANY...

 

2231766

31.12.2010

N

 

PEAK INGREDIENTS LIMITED

 

2749449

31.12.2010

N

 

AB COATINGS LIMITED

 

2981603

31.12.2010

N

 

YORK DRAGEE HOLDINGS L...

 

3886910

31.12.2010

N

 

YORK DRAGEE COMPANY...

 

2150602

31.12.2010

N

 

AROMONT (UK 2000) LIMITED

 

4101228

31.12.2010

N

 

SPRING THYME OILS LTD

 

5015420

31.12.2010

N

£4,861,929

CEREAL INNOVATIONS LIM...

 

4536219

31.12.2010

N

 

GORDON JOPLING (FOODS)...

 

4421360

31.12.2010

N

 

GORDON JOPLING (CARL...

 

2440554

31.12.2010

N

 

GORDON JOPLING (FOOD...

 

2984029

31.12.2010

N

 

J. MANHEIMER LIMITED

 

4556938

31.12.2010

N

 

KERFIN LIMITED

 

1465570

31.12.2010

N

 

KERRY INGREDIENTS (UK)...

 

329695

31.12.2010

N

£370,546,757

PROVINCIAL BUTCHERS SU...

 

NI022585

31.12.2010

N

 

SPICES NICE LIMITED

 

NI009078

31.12.2010

N

£3,295,484

PALMER CEREALS LIMITED

 

SC069131

31.12.2010

N

 

VOYAGER FOODS GROUP LI...

 

3191538

31.12.2010

N

 

VOYAGER FOODS (HOLDI...

 

2568052

31.12.2010

N

 

VOYAGER FOODS LIMITED

 

2067828

31.12.2010

N

 

KERRY POULTRY (UK) LTD

 

1010571

31.12.2010

N

 

LIASTROP LIMITED

 

2181349

31.12.2010

N

 

MATTHEWS FOODS LIMITED

 

515691

31.12.2010

N

£45,940,532

MORTON FOODS LIMITED

 

3597698

31.12.2010

N

 

NOON GROUP LIMITED

 

3393930

31.12.2010

N

 

MARSTON VALLEY FOODS L...

 

3533463

31.12.2010

N

 

NOON PRODUCTS LIMITED

 

2166664

31.12.2010

N

£165,740,650

ROBIRCH LIMITED

 

234897

31.12.2010

N

 

SPURWAY FOODS LIMITED

 

2739017

31.12.2010

N

£12,347,581

GOLDEN VALE LIMITED

 

IE160955

31.12.2011

N

 

CHARLEVILLE RESEARCH LIMITED

 

IE145872

31.12.2011

N

 

GOLDEN VALE HOLDINGS LIMITED

 

IE168178

31.12.2011

N

 

GOLDEN VALE INVESTMENTS LI...

 

IE147684

31.12.2011

N

 

RINUS ENTERPRISES LIMITED

 

IE131115

31.12.2011

N

 

IVERNIA PIG DEVELOPMENTS LIM...

 

IE032293

31.12.2011

N

 

KERRY INGREDIENTS & FLAVOURS...

 

IE471704

31.12.2011

N

 

KERRY AGRI BUSINESS HOLDINGS...

 

IE196893

31.12.2011

N

 

KERRY AGRI BUSINESS TRADIN...

 

IE171521

31.12.2011

N

 

KERRY FARM SUPPLIES LIMITED

 

IE058571

31.12.2011

N

 

KERRY FOOD INGREDIENTS (CORK...

 

IE290428

31.12.2011

N

 

KERRY GROUP SERVICES LIMITED

 

IE116550

31.12.2011

N

 

ACCOMMODATION TRALEE LIMITED

 

IE170502

31.12.2011

N

 

E M DENNY (HOLDINGS) LIMITED

 

207620

31.12.2010

N

 

E.M. DENNY & CO LIMITED

 

235401

31.12.2010

N

 

HENRY DENNY & SONS,LIMITED

 

33524

31.12.2010

N

 

DYNABOO LIMITED

 

IE443160

31.12.2011

N

 

FAMBEE LIMITED

 

IE443159

31.12.2011

N

 

KERRY GROUP BUSINESS SERVI...

 

IE440514

31.12.2011

N

 

KERRY GROUP FINANCIAL SERV...

 

IE242662

31.12.2011

N

€66,298,605

ZENBURY INTERNATIONAL LIMITED

 

IE315603

31.12.2011

N

 

KERRY TREASURY SERVICES LI...

 

IE079413

31.12.2011

N

 

KERRY HOLDINGS (IRELAND) LIM...

 

IE087212

31.12.2011

N

 

DAWN DAIRIES LIMITED

 

IE236055

31.12.2011

N

 

GOLDEN VALE DAIRIES LIMITED

 

IE154861

31.12.2011

N

 

SNOWCREAM (MIDLANDS) LIM...

 

IE016669

31.12.2011

N

 

DUFFY MEATS LIMITED

 

IE087159

31.12.2011

N

 

FRESHWAYS LIMITED

 

IE212317

31.12.2011

N

 

GERDOR LIMITED

 

IE071363

31.12.2011

N

 

IRISH COLD STORES LIMITED

 

IE071640

31.12.2011

N

 

GLENEALY FARMS (TURKEYS) L...

 

IE039564

31.12.2011

N

 

GROVE FARM LIMITED

 

IE117001

31.12.2011

N

 

BALLYFREE FARMS LIMITED

 

IE014851

31.12.2011

N

 

HENRY DENNY & SONS (IRELAN...

 

IE004131

31.12.2011

N

 

KERRYKREEM LIMITED

 

IE134247

31.12.2011

N

 

RYE VALLEY FOODS LIMITED

 

IE115669

31.12.2011

N

 

RYE INVESTMENTS LIMITED

 

IE270583

31.12.2011

N

 

BREEO FOODS LIMITED

 

IE243022

31.12.2011

N

 

DAIRY WORLD MARKETIN...

 

IE084944

31.12.2011

N

 

BREEO FOOD PRODUCTS...

 

NI030261

31.12.2010

N

 

SUPER CHILL LIMITED

 

IE220160

31.12.2011

N

 

YEE BY YUM LIMITED

 

IE406077

31.12.2011

N

 

LIFESOURCE FOODS RES...

 

IE093628

31.12.2011

N

 

BREEO ENTERPRISES...

 

IE442317

31.12.2011

N

 

M.U.D. SCIENCE LIMITED

 

IE188776

31.12.2011

N

 

RYE DEVELOPMENTS LIMITED

 

IE270582

31.12.2011

N

 

KERRY INGREDIENTS HOLDINGS (...

 

IE128460

31.12.2011

N

 

KERRY INGREDIENTS (DUBLIN)...

 

IE103874

31.12.2011

N

 

KERRY INGREDIENTS TRADING...

 

IE158591

31.12.2011

N

 

KERRY INGREDIENTS (IRELAND...

 

IE206782

31.12.2011

N

 

PLATTERS FOOD COMPANY LI...

 

IE121226

31.12.2011

N

 

NORTH KERRY MILK PRODUCTS...

 

IE026497

31.12.2011

N

 

NORTH KERRY MILK EXPORTS...

 

IE038272

31.12.2011

N

 

PLASSEY HOLDINGS LIMITED

 

IE134722

31.12.2011

N

 

NATIONAL FOOD INGREDIENT...

 

IE016146

31.12.2011

N

 

SOLENT INGREDIENTS LIM...

 

5019177

31.12.2010

N

 

WILLIAM BLAKE LIMITED

 

IE008316

31.12.2011

N

 

KERRY MILK EXPORTS LIMITED

 

IE061732

31.12.2011

N

 

KERRY MILK PRODUCTS LIMITED

 

IE069752

31.12.2011

N

 

PETRELLA LIMITED

 

IE170664

31.12.2011

N

 

PIXUNDO LIMITED

 

IE443163

31.12.2011

N

 

PRINCEMARK HOLDINGS LIMITED

 

IE300250

31.12.2011

N

 

PUTAXY LIMITED

 

IE036150

31.12.2011

N

 

JYNESPO LIMITED

 

IE054747

31.12.2011

N

 

QUANDU LIMITED

 

IE443161

31.12.2011

N

 

TRUNDU LIMITED

 

IE443162

31.12.2011

N

 

 

 

 

FINANCIAL INFORMATION

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2010

-

-£2,559,818

-£295,520

-

31/12/2009

-

-£2,332,855

£2,538,766

-

31/12/2008

-

£629,362

£4,218,422

-

 

Profit & Loss

 

 

 

 

 

 

 

 

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-£13,900

0.00%

-£13,902

-100.30%

£4,331,719

999.90%

-£13,488

-0.70%

-£13,400

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

£12,600

-

£12,600

-

£12,600

5.00%

£12,000

-

£12,000

Interest Payments

£2,847,840

8.70%

£2,620,876

-40.40%

£4,395,817

1.70%

£4,323,794

22.70%

£3,524,000

Pre Tax Profit

-£2,559,818

-9.70%

-£2,332,855

-470.70%

£629,362

117.00%

-£3,699,406

-22.10%

-£3,029,696

Taxation

-£274,468

-142.00%

£653,199

-38.30%

£1,059,423

-4.50%

£1,109,822

21.50%

£913,415

Profit After Tax

-£2,834,286

-68.70%

-£1,679,656

-199.50%

£1,688,785

165.20%

-£2,589,584

-22.40%

-£2,116,281

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-£2,834,286

-68.70%

-£1,679,656

-199.50%

£1,688,785

165.20%

-£2,589,584

-22.40%

-£2,116,281

Balance Sheet

 

 

 

 

 

 

 

 

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Tangible Assets

£141,929,905

5.30%

£134,802,179

4.90%

£128,479,619

12.70%

£114,006,072

9.30%

£104,314,134

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£141,929,905

5.30%

£134,802,179

4.90%

£128,479,619

12.70%

£114,006,072

9.30%

£104,314,134

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

0

-

0

-

0

-

0

-

0

Cash

0

-

0

-

0

-

0

-

0

Other Debtors

£675,000

-36.80%

£1,067,847

-86.70%

£8,022,156

-4.70%

£8,415,943

605.10%

£1,193,558

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£675,000

-36.80%

£1,067,847

-86.70%

£8,022,156

-4.70%

£8,415,943

605.10%

£1,193,558

Trade Creditors

0

-

0

-

0

-

0

-

0

Bank Loans & Overdrafts

£3,063,118

-72.60%

£11,171,632

10.20%

£10,134,657

40.60%

£7,207,872

285.40%

£1,870,040

Other Short Term Finance

£99,852,597

20.50%

£82,868,476

0.20%

£82,702,689

56.90%

£52,707,007

351.00%

£11,687,000

Miscellaneous Current Liabilities

£791,403

708.80%

£97,845

-61.30%

£252,700

-36.20%

£396,326

-29.00%

£558,385

Total Current Liabilities

£103,707,118

10.20%

£94,137,953

1.10%

£93,090,046

54.30%

£60,311,205

327.30%

£14,115,425

Bank Loans & Overdrafts and LTL

£42,256,425

-16.10%

£50,364,939

2.10%

£49,327,964

-26.10%

£66,789,045

-24.20%

£88,143,086

Other Long Term Finance

£39,193,307

-

£39,193,307

-

£39,193,307

-34.20%

£59,581,173

-30.90%

£86,273,046

Total Long Term Liabilities

£39,193,307

-

£39,193,307

-

£39,193,307

-34.20%

£59,581,173

-30.90%

£86,273,046

Capital & Reserves

 

 

 

 

 

 

 

 

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Called Up Share Capital

£2

-

£2

-

£2

-

£2

-

£2

P & L Account Reserve

-£295,522

-111.60%

£2,538,764

-39.80%

£4,218,420

66.80%

£2,529,635

-50.60%

£5,119,219

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

-£295,520

-111.60%

£2,538,766

-39.80%

£4,218,422

66.80%

£2,529,637

-50.60%

£5,119,221

Other Financial Items

 

 

 

 

 

 

 

 

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Worth

-£295,520

-111.60%

£2,538,766

-39.80%

£4,218,422

66.80%

£2,529,637

-50.60%

£5,119,221

Working Capital

-£103,032,118

-10.70%

-£93,070,106

-9.40%

-£85,067,890

-63.90%

-£51,895,262

-301.60%

-£12,921,867

Total Assets

£142,604,905

5.00%

£135,870,026

-0.50%

£136,501,775

11.50%

£122,422,015

16.00%

£105,507,692

Total Liabilities

£142,900,425

7.20%

£133,331,260

0.80%

£132,283,353

10.30%

£119,892,378

19.40%

£100,388,471

Net Assets

-£295,520

-111.60%

£2,538,766

-39.80%

£4,218,422

66.80%

£2,529,637

-50.60%

£5,119,221

Cash Flow

 

 

 

 

 

 

 

 

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

Miscellaneous

 

 

 

 

 

 

 

 

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£38,897,787

-6.80%

£41,732,073

-3.90%

£43,411,729

-30.10%

£62,110,810

-32.00%

£91,392,267

Ratios

 

 

 

 

 

 

 

 

 

Date Of Accounts

31/12/10

31/12/09

31/12/08

31/12/07

31/12/06

 

 

 

 

Pre-tax profit margin %

-

-

-

-

-

 

 

 

 

Current ratio

0.01

0.01

0.09

0.14

0.08

 

 

 

 

Sales/Net Working Capital

-

-

-

-

-

 

 

 

 

Gearing %

-14299

1983.8

1169.3

2640.3

1721.8

 

 

 

 

Equity in %

-0.2

1.9

3.1

2.1

4.9

 

 

 

 

Creditor Days

-

-

-

-

-

 

 

 

 

Debtor Days

-

-

-

-

-

 

 

 

 

Liquidity/Acid Test

-

0.01

0.08

0.13

0.08

 

 

 

 

Return On Capital Employed %

-6.58

-5.59

1.44

-5.95

-3.32

 

 

 

 

Return On Total Assets Employed %

-1.79

-1.71

0.46

-3.02

-2.87

 

 

 

 

Current Debt Ratio

-350.93

37.08

22.06

23.84

2.75

 

 

 

 

Total Debt Ratio

-483.55

52.51

31.35

47.39

19.61

 

 

 

 

Stock Turnover Ratio %

-

-

-

-

-

 

 

 

 

Return on Net Assets Employed %

866.2

-91.88

14.91

-146.24

 

 

 

 

 

Creditor Details

No Creditor Data

 

Total Value

-

Trade Debtors / Bad Debt Detail

No Debtor Data

 

Total Value

-

 

FOREIGN EXCHANGE RATES

 

N/a

 

ADDITIONAL INFORMATION

 

Number of Employees

-

-

-

-

-

-

-

-

-

 

 

Auditors

DELOITTE LLP

 

Auditor Comments

The audit report contains no adverse comments

 

Bankers

NATIONAL WESTMINSTER BANK PLC

 

Bank Branch Code

60-80-08

Status History

No Status History found

 

Event History

Date

Description

22/08/2012

Annual Returns

10/10/2011

New Accounts Filed

06/08/2011

Annual Returns

11/10/2010

New Accounts Filed

06/09/2010

New Board Member Mr F. Healy appointed

09/08/2010

Annual Returns

12/01/2010

New Accounts Filed

12/01/2010

New Accounts Filed

26/07/2009

Annual Returns

02/11/2008

New Accounts Filed

03/09/2008

Annual Returns

11/08/2008

Mr has left the board

06/11/2007

New Accounts Filed

10/11/2006

New Accounts Filed

Previous Company Names

Date

Previous Name

25/02/1994

KERRY INGREDIENTS (UK) LIMITED

10/12/1991

KERRYKREEM FOOD PRODUCTS LIMITED

31/12/1978

FOREWORTH LIMITED

 

NOTES & COMMENTS

 

N/a

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.90

UK Pound

1

Rs.87.60

Euro

1

Rs.70.01

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.