MIRA
INFORM REPORT
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Report Date : |
08.04.2013 |
IDENTIFICATION DETAILS
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Name : |
NATUREX UK LTD. |
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Registered Office : |
Masters House, 107 Hammersmith Road, London, W14 0QH |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
02.01.2007 |
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Com. Reg. No.: |
06039824 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Sales and distribution agency for food supplements and additives |
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No. of Employees : |
02 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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).
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Source : CIA |
Company name & address
Naturex UK Ltd.
Masters House
107 Hammersmith Road
London, W14 0QH
United Kingdom
Synthesis
Employees: 2
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Naturex S.A.
Quoted Status: Non-quoted Company
Incorporation Date:
02-Jan-2007
Auditor: KPMG LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 0.0
1
Net Income: 0.0
Total Assets: 0.6
Business Description
Sales and distribution agency for food supplementsand additives.
Industry
Industry Business Services
ANZSIC 2006: 6999 - Other
Professional, Scientific and Technical Services Not Elsewhere Classified
NACE 2002: 7487 - Other
business activities not elsewhere classified
NAICS 2002: 5619 - Other
Support Services
UK SIC 2003: 7487 - Other
business activities not elsewhere classified
UK SIC 2007: 8299 - Other
business support service activities n.e.c.
US SIC 1987: 7389 - Business
Services, Not Elsewhere Classified
Key Executives
Name Title
Thierry Lambert Secretary
Financial Summary
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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
Masters House
107 Hammersmith Road
London, W14 0QH
London County
United Kingdom
Sales GBP(mil): 0.0
Assets GBP(mil): 0.4
Employees: 2
Fiscal Year End: 31-Dec-2011
Industry: Business Services
Registered
Address:
Masters House
107 Hammersmith Road
London, W14 0QH
United Kingdom
Incorporation Date: 02-Jan-2007
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(UK): 06039824
Secretary: Thierry Lambert
Industry Codes
ANZSIC 2006 Codes:
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
NACE 2002 Codes:
7487 - Other business activities not elsewhere classified
NAICS 2002 Codes:
5619 - Other Support Services
US SIC 1987:
7389 - Business Services, Not Elsewhere Classified
UK SIC 2003:
7487 - Other business activities not elsewhere classified
UK SIC 2007:
8299 - Other business support service activities n.e.c.
Business
Description
Sales and distribution agency for food supplementsand additives.
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Corporate Family |
Corporate
Structure News: |
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Naturex
UK Ltd. |
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Naturex UK Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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Naturex S.A. |
Parent |
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Naturex UK Ltd. |
Subsidiary |
London |
United Kingdom |
Business Services |
0.0 |
2 |
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Executive report
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Board
of Directors |
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Secretary |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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Directors and Shareholders Report
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Main Office Address: |
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Annual Return Date: 07
Sep 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
27 Jun 1954 |
Masters House 107 Hammersmith Road, |
02 Jan 2007 |
NA |
Current:2 |
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Current |
15 Apr 1978 |
Masters House 107 Hammersmith Road, |
06 Nov 2012 |
NA |
Current:1 |
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Previous |
08 Mar 1960 |
Masters House 107 Hammersmith Road, |
02 Jan 2007 |
29 Sep 2012 |
Current:0 |
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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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Current |
27 Jun 1954 |
Masters House 107 Hammersmith Road, |
02 Jan 2007 |
NA |
Current:2 |
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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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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Naturex S A |
100000 Ordinary GBP 1.00 |
Ordinary |
100,000 |
1.00 |
100,000.00 |
100.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual
Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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|
31-Dec-2011 |
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.623776 |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
0.0 |
2.9 |
3.7 |
3.0 |
0.0 |
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Turnover (Exports) |
0.0 |
2.1 |
2.8 |
1.9 |
0.4 |
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Total Turnover |
0.0 |
5.0 |
6.6 |
4.9 |
0.4 |
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Cost of Sales |
0.0 |
4.7 |
5.9 |
4.5 |
0.1 |
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Gross Profit |
0.0 |
0.3 |
0.6 |
0.5 |
0.2 |
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Depreciation |
- |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Expenses |
- |
0.4 |
0.6 |
0.1 |
0.2 |
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Operating Profit |
- |
-0.1 |
0.1 |
- |
- |
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Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Exceptional Income |
0.0 |
0.3 |
0.0 |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
-0.1 |
0.0 |
0.0 |
0.0 |
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Profit Before Taxes |
0.0 |
0.2 |
0.0 |
0.4 |
0.0 |
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Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit After Taxes |
0.0 |
0.2 |
0.0 |
0.3 |
0.0 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Non Audit Fees |
0.0 |
0.0 |
0.1 |
0.1 |
- |
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Number of Employees |
2 |
4 |
4 |
5 |
- |
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Wages |
0.0 |
0.1 |
0.2 |
0.2 |
0.2 |
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Social Security Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Pensions |
0.0 |
- |
- |
- |
- |
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Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Employees Remuneration |
0.0 |
0.2 |
0.3 |
0.3 |
0.2 |
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Directors Emoluments |
0.0 |
- |
- |
- |
- |
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Other Costs |
0.0 |
- |
- |
- |
- |
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Directors Remuneration |
0.0 |
- |
- |
- |
- |
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Highest Paid Director |
0.0 |
- |
- |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
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|
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 |
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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 |
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Plant & Vehicles |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
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Total Tangible Fixed Assets |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.0 |
0.0 |
0.1 |
0.0 |
0.1 |
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Stocks |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Trade Debtors |
0.0 |
0.3 |
1.1 |
1.1 |
0.1 |
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Inter-Company Debtors |
0.5 |
0.4 |
- |
- |
- |
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Director Loans |
0.0 |
- |
- |
- |
- |
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Other Debtors |
0.0 |
0.1 |
0.2 |
0.0 |
0.0 |
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Total Debtors |
0.5 |
0.8 |
1.2 |
1.1 |
0.1 |
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Cash and Equivalents |
0.1 |
0.3 |
0.3 |
0.6 |
0.1 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
0.6 |
1.1 |
1.5 |
1.7 |
0.2 |
|
Total Assets |
0.6 |
1.1 |
1.6 |
1.8 |
0.2 |
|
Trade Creditors |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Bank Overdraft |
0.0 |
0.0 |
- |
- |
- |
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Inter-Company Creditors |
0.0 |
0.4 |
1.0 |
1.0 |
- |
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Director Loans (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Total Short Term Loans |
0.0 |
0.0 |
- |
- |
- |
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Accruals/Deferred Income (Current Liability) |
0.0 |
0.0 |
0.1 |
0.2 |
- |
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Social Security/VAT |
0.0 |
0.1 |
0.1 |
0.0 |
0.0 |
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Corporation Tax |
0.0 |
0.0 |
0.0 |
0.1 |
- |
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Dividends (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Other Current Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
0.0 |
0.4 |
1.1 |
1.4 |
0.0 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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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 |
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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 |
0.2 |
0.1 |
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 |
0.5 |
0.5 |
0.3 |
0.2 |
0.0 |
|
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 |
0.6 |
0.6 |
0.4 |
0.4 |
0.2 |
|
Net Worth |
0.6 |
0.6 |
0.4 |
0.4 |
0.2 |
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 |
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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 |
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Current Ratio |
80.27 |
2.44 |
1.33 |
1.22 |
3.59 |
|
Liquidity Ratio |
80.27 |
2.44 |
1.33 |
1.22 |
3.59 |
|
Credit Period (Days) |
- |
20.78 |
57.53 |
99.99 |
78.71 |
|
Working Capital by Sales |
- |
12.53% |
5.35% |
8.08% |
32.91% |
|
Trade Credit by Debtors |
- |
0.00 |
0.02 |
0.02 |
0.14 |
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Return on Capital |
1.91% |
31.63% |
10.09% |
82.47% |
1.02% |
|
Return on Assets |
1.88% |
18.65% |
2.82% |
16.87% |
0.83% |
|
Profit Margin |
- |
3.96% |
0.64% |
7.64% |
0.57% |
|
Return on Shareholders Funds |
1.91% |
31.63% |
10.11% |
82.95% |
1.04% |
|
Borrowing Ratio |
- |
58.07% |
223.43% |
292.46% |
- |
|
Equity Gearing |
98.75% |
58.95% |
27.90% |
20.33% |
80.14% |
|
Interest Coverage |
3.20 |
13.14 |
2.25 |
10.83 |
0.49 |
|
Sales by Tangible Assets |
- |
- |
96.51 |
84.16 |
4.27 |
|
Average Remuneration per Employee |
- |
0.0 |
0.1 |
0.0 |
- |
|
Profit per Employee |
0.0 |
0.1 |
0.0 |
0.1 |
- |
|
Sales per Employee |
- |
1.3 |
1.7 |
0.8 |
- |
|
Capital Employed per Employee |
0.3 |
0.2 |
0.1 |
0.1 |
- |
|
Tangible Assets per Employee |
- |
- |
0.0 |
0.0 |
- |
|
Total Assets per Employee |
0.3 |
0.3 |
0.4 |
0.4 |
- |
|
Employee Remuneration by Sales |
- |
3.47% |
4.05% |
5.26% |
48.33% |
|
Creditor Days (Cost of Sales Based) |
- |
0.08 |
1.53 |
1.89 |
26.89 |
|
Creditor Days (Sales Based) |
- |
0.08 |
1.39 |
1.71 |
10.75 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.88 |
|
UK Pound |
1 |
Rs.83.54 |
|
Euro |
1 |
Rs.70.90 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.