MIRA INFORM REPORT

 

 

Report Date :

21.12.2013

 

IDENTIFICATION DETAILS

 

Name :

AB AGRI LIMITED TA PREMIER NUTRITION

 

 

Formerly Known As :

ERNESTMELLING LIMITED

 

 

Registered Office :

Weston Centre, 10 Grosvenor Street, London, W1k 4qy

 

 

Country :

United Kingdom

 

 

Financials (as on) :

15.09.2012

 

 

Date of Incorporation :

16.11.1923

 

 

Com. Reg. No.:

00193800

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacturer of prepared feeds for farm animals

 

 

No. of Employees :

1,006 (15.09.2012)

 

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 – September 30th, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

 

Source : CIA

 

 


Company name & address

 

AB AGRI LIMITED T/A Premier Nutrition

 

 

Telephone

 

+44 014 2761 9300

WESTON CENTRE

Fax

-

10 GROSVENOR STREET

Website

www.abagri.com

LONDON

W1K 4QY

United Kingdom

 

Company Number:

 

Foundation:

00193800

 

16/11/1923

 

Status:

VAT:

 

Active - Accounts Filed

GB   289729879 

 

 

Trading Address:

The Levels, Rugeley Staffordshire WS15 1RD

 

 

 

Comments  

 

 No exact match CCJs are recorded against the company. Sales in the latest trading period increased 9.8% on the previous trading period. A 3% growth in Total Assets occurred during the latest trading period. The company saw an increase in their Cash Balance of 33.8% during the latest trading period. The audit report contains no adverse comments.

 

The credit limit on this company has fallen 1.3% in comparison to the previously suggested credit limit. Net Worth de- creased by 6.6% during the latest trading period. Pre-tax profits decreased by 87.2% compared to the

previous trading period.

 

There has been no significant change in the company’s credit rating. The company has undergone recent changes in its directorships. The company is part of a group. The company was established over 89 years ago.

The company is an approved signatory to the Prompt Payment Code initiative

 

 

Basic information

 

           

Legal form

Private limited with Share Capital

 

           

Foundation     

16/11/1923

 


Company No.

00193800

 

           

Previous Names          

 

Date of Change            Previous Name

12/03/2007                    ABNALIMITED

01/02/2001                    ABN LIMITED

23/08/1994                    ERNESTMELLING LIMITED

 

Shareholders

 

Name                            Currency         Number of shares                    Share type       Nominal value

A.B.F. HOLDINGS LTD      GBP             102,000,000                              ORDINARY               1

Total Share Capital                                                                                                     GBP 102,000,000

 

 

Management

 

Name

Address:

Date of birth

Nationality

Appointment date

Mr Jorge Erick Martinez Plata

Flat 5 43 Pitfield Street, London N1 6DA

12/11/1968

Bolivian

08/01/2012

Mr Simon Mark Heath

53 Church Street, Market Deeping, Peterborough PE6 8AN

07/05/1969

British

08/01/2012

Mr David Jonathan Douglas Yiend

Warren Farm, Little Bytham, Grantham, Lincolnshire NG33 4RD

09/12/1952

British

10/04/1996

Mr Richard Graham Cooper

Sun Cottage, Hyde Lane, Marlborough, Wiltshire SN8 1JP

08/06/1959

British

07/12/2009

Mr Richard Charles Cloke

Abbots Barn, High Street, Hemingford Abbots, Cambridgeshire PE28 9AH

06/04/1961

British

10/01/2007

Mr Alan Murphy

Brook House Town Hill, Yoxall, Burton On Trent, Staffs DE13 8NN

06/02/1963

British

01/06/2008

 

Company Secretary

Name

Address:

Appointment date

Miss Rosalyn Sharon Schofield

Weston Centre 10 Grosvenor Street, London W1K 4QY

 

 

 

Other Known Addresses   

 

160 Moira Road, Lisburn, Co Antrim BT28 1JB

3 Woodstock Court, Blenheim Road, Marlborough, Wiltshire SN8 4AN 56 Station Road, Framlingham, Woodbridge, Suffolk IP13 9EE

64 Innovation Way, Lynch Wood, Peterborough, Cambridgeshire PE2 6FL 71-72 Eastern Way, Bury St Edmunds, Suffolk IP32 7AB

Barrow Hill Barns, Barrow Hill, Goodworth Clatford, Andover, Hampshire SP11 7RG Beverly Road, Cranswick, Driffield, North Humberside YO25 9PF

Bishop Dyke, Leeds, West Yorkshire LS25 5AA

Bishopdyke Road, Sherburn In Elmet, Leeds, West Yorkshire LS25 6JZ Bristol Road, Dunball, Bridgwater, Somerset TA6 4TB

Bunkers Hill Mill, Bunkers Hill, Egmere, Walsingham, Norfolk NR22 6BD Canal Court, 40 Craiglockhart Avenue, Edinburgh, Midlothian EH14 1LT Carr Lane, Gainsborough, Lincolnshire DN21 1LQ

Ennerdale Road, Shrewsbury, Shropshire SY1 3PD

Enstone Airfield, Enstone, Chipping Norton, Oxfordshire OX7 4NP Fridaythorpe Mill, Fridaythorpe, Driffield, North Humberside YO25 9RT Greenfields Farm, Upper Seagry, Chippenham, Wiltshire SN15 5HB Sedge Fen, Southery, Downham Market, Norfolk PE38 0PT

Unit 1 The Old Mill, Queen Street, Emsworth, Hampshire PO10 7BL Weston Centre, 10 Grosvenor Street, London W1K 4QY

Whitebirk Industrial Estate, Blackburn, Lancashire BB1 5SL

Wildmere Road, Wildmere Industrial Estate, Banbury, Oxfordshire OX16 3XS

 

 

Company relationships

 

Ultimate parent

Company No.   Name                                                               Status                          Country           

00366054          WITTINGTON INVESTMENTS LIMITED                Active                           United Kingdom

 

AFFILIATED COMPANIES

02929634

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03729125

HOWARD INVESTMENTS LIMITED

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04615376

WITTINGTON INVESTMENT (SAND AIRE) LIMITED

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05467083

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05583806

WITTINGTON INVESTMENTS (PPE IV) LIMITED

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05724605

WITTINGTON INVESTMENTS (BESTPORT) LIMITED

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05875249

WITTINGTON INVESTMENTS (DUNEDIN) LIMITED

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05972501

WITTINGTON INVESTMENTS (NEXT WAVE) LIMITED

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06363087

WITTINGTON INVESTMENTS (WPX) LIMITED

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06432285

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06576301

WITTINGTON INVESTMENTS (WHEB) LIMITED

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06576342

WITTINGTON INVESTMENTS (VO1) LIMITED

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United Kingdom

06632271

WITTINGTON INVESTMENTS (HARBOURVEST) LIMITED

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06827789

WITTINGTON INVESTMENTS (PROPERTIES) LIMITED

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United Kingdom

07091174

RICHMOND HILL HOTEL (OPERATIONS) LIMITED

Active

United Kingdom

07188687

WITTINGTON INVESTMENTS (FAPI) LIMITED

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United Kingdom

07670714

WITTINGTON INVESTMENTS (CAREPLACES) LIMITED

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07721700

WITTINGTON INVESTMENTS (DEVELOPMENTS) LIMITED

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United Kingdom

07803751

WITTINGTON INVESTMENTS (BVIII) LIMITED

Non Trading

United Kingdom

08111797

WITTINGTON INVESTMENTS (PPE V) LIMITED

Active

United Kingdom

08113231

WITTINGTON INVESTMENTS (REOF) LTD

Active

United Kingdom

08307734

WITTINGTON INVESTMENTS (DUNEDIN III) LIMITED

Active

United Kingdom

08336015

WITTINGTON INVESTMENTS (17) LIMITED

Active

United Kingdom

08637983

WITTINGTON INVESTMENTS (APOLLO) LIMITED

Active

United Kingdom

08643607

WITTINGTON INVESTMENTS (GRAPHITE) LIMITED

Active

United Kingdom

06346069

ABF VICTORIA PARK

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05380859

ABF US INVESTMENTS LIMITED

Non Trading

United Kingdom

05380864

ABF US FINANCE LIMITED

Non Trading

United Kingdom

B131098

ABF St James Park S.a` r.l.

Active

Luxembourg

05659249

ABF LUX LIMITED

Active

United Kingdom

00293262

ASSOCIATED BRITISH FOODS PLC

Active

United Kingdom

00306672

ABF INVESTMENTS PLC

Active

United Kingdom

00155305

ABF (NO.3) LIMITED

Non Trading

United Kingdom

00214377

ALLIED BAKERIES LIMITED

Non Trading

United Kingdom

00289545

ABF GROCERY LIMITED

Non Trading

United Kingdom

00315158

BRITISH SUGAR PLC

Active

United Kingdom

00101266

WEREHAM GRAVEL COMPANY LIMITED(THE)

Active

United Kingdom

01062741

THE BILLINGTON FOOD GROUP LIMITED

Non Trading

United Kingdom

04317607

AB SUGAR LIMITED

Non Trading

United Kingdom

00346959

WESTON FOODS LIMITED

Non Trading

United Kingdom

00371996

FOOD INVESTMENTS LIMITED

Active

United Kingdom

00037410

ALLIED MILLS LIMITED

Non Trading

United Kingdom

01182574

KINGSGATE FOOD INGREDIENTS LIMITED

Non Trading

United Kingdom

NI00R389

JAMES NEILL, LIMITED

Non Trading

United Kingdom

00044394

WESTMILL FOODS LIMITED

Non Trading

United Kingdom

00170590

JOHN K.KING & SONS LIMITED

Non Trading

United Kingdom

00209674

ALLIED GRAIN (SCOTLAND) LIMITED

Non Trading

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00300245

ALLINSON LIMITED

Non Trading

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00426595

ALLIED GRAIN LIMITED

Non Trading

United Kingdom

01234502

DAVJON FOOD LIMITED

Non Trading

United Kingdom

01747632

ALLIED GRAIN (SOUTH) LIMITED

Non Trading

United Kingdom

01765004

ALLIED GRAIN (SOUTHERN) LIMITED

Non Trading

United Kingdom

01004268

ABF EUROPEAN HOLDINGS LIMITED

Non Trading

United Kingdom

00743061

FISHERS SEEDS & GRAIN LIMITED

Non Trading

United Kingdom

01018079

FISHERS FEEDS LIMITED

Non Trading

United Kingdom

01940449

SEEDCOTE SYSTEMS LIMITED

Non Trading

United Kingdom

00453448

PRIMARK STORES LIMITED

Active

United Kingdom

 

03700107

FRIAR STREET DEVELOPMENTS LIMITED

Pending

United Kingdom

05346415

WALLCABLE LIMITED

Pending

United Kingdom

06746429

PRIMARK PENSION ADMINISTRATION SERVICES LIMITED

Non Trading

United Kingdom

07091235

HIGH ROAD ILFORD LIMITED

Non Trading

United Kingdom

02028763

SERPENTINE SECURITIES LIMITED

Non Trading

United Kingdom

02134749

AB MAURI (UK) LIMITED

Active

United Kingdom

02883738

AB MAURI EUROPE LIMITED

Active

United Kingdom

01413180

MAURI PRODUCTS LIMITED

Active

United Kingdom

02173505

EASTBOW SECURITIES LIMITED

Active

United Kingdom

03369799

ABF (NO.2) LIMITED

Non Trading

United Kingdom

00046991

SPEEDIBAKE LIMITED

Non Trading

United Kingdom

00061959

PRIMARY NUTRITION LIMITED

Non Trading

United Kingdom

00117952

THE SILVER SPOON COMPANY LIMITED

Non Trading

United Kingdom

00172141

SUN BLEST CRUMPET CO.LIMITED(THE)

Non Trading

United Kingdom

00186684

WESTON RESEARCH LABORATORIES LIMITED

Non Trading

United Kingdom

00194336

TRIDENT FEEDS LIMITED

Non Trading

United Kingdom

00223579

SIZZLERS LIMITED

Non Trading

United Kingdom

00294721

SIZZLES LIMITED

Non Trading

United Kingdom

00303683

AB TECHNOLOGY LIMITED

Non Trading

United Kingdom

00351261

TIP TOP BAKERIES LIMITED

Non Trading

United Kingdom

00384839

CEREAL INDUSTRIES LIMITED

Non Trading

United Kingdom

00390229

AB INGREDIENTS LIMITED

Non Trading

United Kingdom

00405859

EUROSTARCH LIMITED

Non Trading

United Kingdom

00430219

VITBE FLOUR MILLS LIMITED

Non Trading

United Kingdom

00482099

ABF INGREDIENTS LIMITED

Non Trading

United Kingdom

00523588

GOLDEN HARVEST BISCUITS LIMITED

Non Trading

United Kingdom

00626275

PRIMARK (U.K.) LIMITED

Non Trading

United Kingdom

00628939

ASSOCIATED BRITISH FOODS PENSION TRUSTEES LIMITED

Non Trading

United Kingdom

00487323

A.B. EXPLORATION LIMITED

Non Trading

United Kingdom

01138539

A.B.F. NOMINEES LIMITED

Non Trading

United Kingdom

00492278

ABF JAPAN LIMITED

Active

United Kingdom

00213492

THE HOME GROWN SUGAR COMPANY LIMITED

Non Trading

United Kingdom

00144900

TWINING CROSFIELD & CO LIMITED

Active

United Kingdom

00416245

JACKSONS OF PICCADILLY LIMITED

Non Trading

United Kingdom

00525071

R.TWINING AND COMPANY LIMITED

Active

United Kingdom

00358718

SUNBLEST BAKERIES LIMITED

Non Trading

United Kingdom

00079590

ABF GRAIN PRODUCTS LIMITED

Active

United Kingdom

00446610

ALLIED TECHNICAL CENTRE LIMITED

Non Trading

United Kingdom

00486887

PROVINCIAL MERCHANTS LIMITED

Non Trading

United Kingdom

00552865

ABNA FEED COMPANY LIMITED

Non Trading

United Kingdom

00683361

A.B.F. PROPERTIES LIMITED

Active

United Kingdom

00710860

GERMAIN’S(U.K.)LIMITED

Non Trading

United Kingdom

 

01247469

PRIDE OILS PUBLIC LIMITED COMPANY

Non Trading

United Kingdom

02400085

BRITISH SUGAR (OVERSEAS) LIMITED

Active

United Kingdom

03799608

BSO (CHINA) LIMITED

Active

United Kingdom

03047205

PRIMARY DIETS LIMITED

Non Trading

United Kingdom

06300517

AB WORLD FOODS (HOLDINGS) LIMITED

Active

United Kingdom

03679738

G. COSTA (HOLDINGS) LIMITED

Active

United Kingdom

05137759

PATAK FOOD LIMITED

Non Trading

United Kingdom

00130741

G.COSTA AND COMPANY LIMITED

Non Trading

United Kingdom

04271891

ELSENHAM QUALITY FOODS LIMITED

Non Trading

United Kingdom

00209659

PATAK’S FOODS 2008 LIMITED

Non Trading

United Kingdom

05024606

THE NATURAL SWEETNESS COMPANY LIMITED

Non Trading

United Kingdom

05086723

THE ROADMAP COMPANY LIMITED

Non Trading

United Kingdom

02778854

WORLDWING INVESTMENTS LIMITED

Active

United Kingdom

00602700

PATAK (SPICES) LIMITED

Non Trading

United Kingdom

01400901

AB WORLD FOODS LIMITED

Active

United Kingdom

SC257416

KORWAY HOLDINGS LIMITED

Non Trading

United Kingdom

SC176931

PATAK’S CHILLED FOODS LIMITED

Non Trading

United Kingdom

03385960

PATAK’S BREADS LIMITED

Non Trading

United Kingdom

SC087013

PATAK’S FROZEN FOODS LIMITED

Non Trading

United Kingdom

06075990

NUTRITION TRADING LIMITED

Non Trading

United Kingdom

02765110

BANBURY AGRICULTURE LIMITED

Non Trading

United Kingdom

04502487

ATRIUM 100 PROPERTIES LIMITED

Active

United Kingdom

04660969

ATRIUM 100 STORES HOLDINGS LIMITED

Active

United Kingdom

05007953

ATRIUM 100 STORES LIMITED

Active

United Kingdom

00602013

B.E. INTERNATIONAL FOODS LIMITED

Non Trading

United Kingdom

00346958

CEREFORM LIMITED

Active

United Kingdom

NI002194

JORDAN BROS.(N.I.) LIMITED

Non Trading

United Kingdom

NI020758

NUTRITION SERVICES (INTERNATIONAL) LIMITED

Active

United Kingdom

03313345

ABF OVERSEAS LIMITED

Active

United Kingdom

00314913

ABF (UK) LIMITED

Non Trading

United Kingdom

07583144

PRIMARK MODE LIMITED

Non Trading

United Kingdom

07761084

ABF HK FINANCE LIMITED

Non Trading

United Kingdom

07770764

PRIMARK AUSTRIA LIMITED

Non Trading

United Kingdom

07770817

PRIMARK STIL LIMITED

Non Trading

United Kingdom

07809642

ABF MXN FINANCE LIMITED

Non Trading

United Kingdom

04668120

ABF (NO.1) LIMITED

Active

United Kingdom

04659735

ABF FINANCE LIMITED

Active

United Kingdom

00302962

WESTON BISCUIT COMPANY LIMITED(THE)

Non Trading

United Kingdom

05380813

ABF FUNDING

Active

United Kingdom

06508490

MITRA SUGAR LIMITED

Active

United Kingdom

NI022881

VISTAVET LIMITED

Non Trading

United Kingdom

IE354860

VISTAVET (IRELAND) LIMITED

Active

Ireland

00291940

CHIBNALLS HOLDINGS LIMITED

Non Trading

United Kingdom

 

IE251018

SIZZLES INTERNATIONAL LIMITED

Active

Ireland

IE001721

PRIMA

Active

Ireland

IE027831

SIZZLERS

Active

Ireland

00513178

PARK NORTH INVESTMENTS LIMITED

Non Trading

United Kingdom

00700827

CLINTON FARMS LIMITED

Active

United Kingdom

00084909

FORTNUM & MASON PUBLIC LIMITED COMPANY

Active

United Kingdom

00505837

F. & M. LIMITED

Non Trading

United Kingdom

00774799

FORTNUMS LIMITED

Non Trading

United Kingdom

00350333

PARKSTONE BAKERIES LIMITED

Active

United Kingdom

00245345

THE JORDANS & RYVITA COMPANY LIMITED

Active

United Kingdom

00572391

W. JORDAN & SON (SILO) LIMITED

Non Trading

United Kingdom

01545794

W.JORDAN (CEREALS) LIMITED

Non Trading

United Kingdom

04224010

WILH (INVESTMENTS) LIMITED

Non Trading

United Kingdom

06276127

HEAL’S HOLDINGS LIMITED

Non Trading

United Kingdom

08626796

AMBROSE RETAIL LIMITED

Active

United Kingdom

02486613

HEAL’S PLC

Active

United Kingdom

00926722

HEAL & SON LIMITED

Active

United Kingdom

00390566

HEAL’S FINANCE LIMITED

Non Trading

United Kingdom

01128758

HEAL’S PENSION FUND TRUSTEES LIMITED

Non Trading

United Kingdom

04236083

WITTINGTON INVESTMENTS (BSPF) LIMITED

Non Trading

United Kingdom

05094395

WITTINGTON INVESTMENTS (COLLER) LIMITED

Non Trading

United Kingdom

05540673

WITTINGTON INVESTMENTS (BVII) LIMITED

Non Trading

United Kingdom

 

Subsidiary companies

00145374

ABN (OVERSEAS) LIMITED

Active

United Kingdom

 

02355135

NUTRITION TRADING (INTERNATIONAL) LIMITED

Non Trading

United Kingdom

 

02595515

PREMIER NUTRITION PRODUCTS LIMITED

Non Trading

United Kingdom

 

02797702

AGRILINES LIMITED

Non Trading

United Kingdom

 

04888543

LEAFTC LIMITED

Non Trading

United Kingdom

 

SC051246

ABN (SCOTLAND) LIMITED

Non Trading

United Kingdom

02814161

ABNA LIMITED

Non Trading

United Kingdom

 

 

Immediate parent

00313307                      A.B.F.HOLDINGS LIMITED                     Active               United Kingdom

 

 

Business activities

 

Main activity

SIC03

Manufacture of prepared farm animal feeds

 

SIC07

Manufacture of prepared feeds for farm animals

 

 


Economic data

 

Turnover and Employees

Date of Accounts

Turnover

Employees

18/09/2010

GBP 802,228,000

909

17/09/2011

GBP 901,899,000

925

15/09/2012

GBP 990,220,000

1,006

 

 

Supplementary data

 

Banks

Bank Name

BANK OF SCOTLAND

 

 

Auditor

 

Auditor name

KPMG AUDIT PLC

 

Events

 

Company history         

 

  Date                                       Action

 

16/02/2009

New Accounts Filed

31/05/2009

Annual Returns

31/05/2009

New Accounts Filed

27/05/2010

Annual Returns

14/06/2010

New Accounts Filed

14/06/2010

New Accounts Filed

17/09/2010

B.L. Ong has left the board

14/01/2011

Mr N. Kimberley has left the board

14/01/2011

New Board Member Mr M.B. Allen appointed

21/01/2011

New Board Member Mr M.B. Allen appointed

27/05/2011

New Board Member Mr G.O. Williams appointed

30/05/2011

Annual Returns

23/06/2011

New Accounts Filed

23/06/2011

New Accounts Filed

28/05/2012

Annual Returns

20/06/2012

New Accounts Filed

20/06/2012

New Accounts Filed

21/08/2012

New Board Member Mr S.M. Heath appointed

21/08/2012

New Board Member Mr J.E. Martinez Plata appointed

05/10/2012

Mr G.O. Williams has left the board

28/05/2013

Annual Returns

22/06/2013

New Accounts Filed

22/06/2013

New Accounts Filed

04/10/2013

Mr M.B. Allen has left the board

 

 

Mortgages

 

Charge created

14/01/1998

Charge registered

17/01/1998

Status

SATISFIED

Entitled person

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Mortgage detail

ALL MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF A CASH COLLAT- ERAL ACCOUNT OF THE COMPANY WITH THE LONDON BRANCH OF AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED DESIGNATED ”CASH COLLATERAL ACCOUNT RE;- SHANGHAI ABN” AND ALL THE COMPANY§RIGHT TITLE BENEFIT AND INTERESTIN THE SAID ACCOUNT

 

 

Charge created

07/07/1998

Charge registered

29/07/1998

Status

OUTSTANDING

Entitled person

BRAEHEAD PARK ESTATES LIMITED

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE IN RESPECT OF MISSIVES DATED 23RD AND 29TH JUNE 1998

Mortgage detail

ALL AND WHOLE THE SUBJECTS REGISTERED IN THE LAND REGISTER FOR SCOTLAND UNDER T/NO.REN18659

 

 

Charge created

17/10/2000

Charge registered

19/10/2000

Status

SATISFIED

Entitled person

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE IN CONNECTION WITH BANKING FACILITIES MADE AVAILABLE FROM TIME TO TIME TO A SUBSIDIARY OF THE COMPANY, SHANGHAI ABN-HUINONG FEED COM- PANY LIMITED

Mortgage detail

ALL MONIES STANDING TO THE CREDIT OF A CASH COLLATERAL ACCOUNT DES- IGNATED ”CASHCOLLATERAL ACCOUNT RE SHANGJHAI ABN” AND ALL OF THE COMPANYS RIGHT TITLE BENEFIT AND INTEREST IN THE SAID ACCOUNT

 

County Court Judgments (CCJs)

There are no County Court Judgments listed against this company

 

 

 

Accounts

 

 

Profit & loss

 

15/09/2012

56

GBP

Group: No

17/09/2011

56

GBP

Group: No

18/09/2010

56

GBP

Group: No

12/09/2009

56

GBP

Group: No

Turnover

990,220,000

901,899,000

802,228,000

809,281,000

Export

0

0

0

-

Cost of Sales

893,961,000

808,208,000

718,888,000

742,247,000

Gross Profit

96,259,000

93,691,000

83,340,000

67,034,000

Wages And Salaries

39,541,000

34,601,000

33,490,000

30,448,000

Directors Emoluments

0

0

2,270,000

2,616,000

Operating Profit

-634,000

7,682,000

6,398,000

8,232,000

Depreciation

7,745,000

7,703,000

5,872,000

7,405,000

Audit Fees

170,000

162,000

209,000

165,000

Interests Payments

11,000

424,000

513,000

398,000

Pre Tax Profit

1,549,000

12,111,000

13,067,000

20,623,000

Taxation

-655,000

-3,569,000

-2,993,000

-6,357,000

Profit After Tax

894,000

8,542,000

10,074,000

14,266,000

Dividends Payable

10,000,000

11,000,000

25,000,000

20,000,000

Retained Profit

-9,106,000

-2,458,000

-14,926,000

-5,734,000

 

 

Balance sheet

 

15/09/2012

56

GBP

Group: No

17/09/2011

56

GBP

Group: No

18/09/2010

56

GBP

Group: No

12/09/2009

56

GBP

Group: No

Tangible Assets

84,952,000

79,465,000

78,198,000

91,023,000

Intangible Assets

1,437,000

1,831,000

350,000

369,000

Total Fixed Assets

86,389,000

81,296,000

78,548,000

91,392,000

Stock

16,657,000

17,734,000

15,502,000

15,581,000

Trade Debtors

127,726,000

128,731,000

103,345,000

100,102,000

Cash

9,143,000

6,834,000

14,505,000

7,170,000

Other Debtors

19,700,000

17,535,000

16,076,000

16,523,000

Miscellaneous Current Assets

0

0

0

0

Total Current Assets

173,226,000

170,834,000

149,428,000

139,376,000

Trade Creditors

63,843,000

58,093,000

55,358,000

44,479,000

Bank Loans and Overdraft

0

0

0

184,000

Other Short Term Finance

4,715,000

5,524,000

8,598,000

9,102,000

Miscellaneous Current Liabilities

26,871,000

24,731,000

25,423,000

30,927,000

Total Current Liabilities

95,429,000

88,348,000

89,379,000

84,692,000

Bank Loans and Overdrafts LTL

46,053,000

37,069,000

9,998,000

3,136,000

Other Long Term Finance

44,728,000

35,277,000

7,957,000

0

Total Long Term Liabilities

46,053,000

37,069,000

9,998,000

2,952,000

 

 

Capital & reserves

 

15/09/2012

56

GBP

Group: No

17/09/2011

56

GBP

Group: No

18/09/2010

56

GBP

Group: No

12/09/2009

56

GBP

Group: No

Called Up Share Capital

102,000,000

102,000,000

102,000,000

102,000,000

P and L Account Reserve

13,684,000

22,790,000

25,248,000

40,174,000

Revaluation Reserve

0

0

0

0

Sundry Reserves

2,449,000

1,923,000

1,351,000

950,000

Shareholders Funds

118,133,000

126,713,000

128,599,000

143,124,000

 

 

Other Financial Items

 

15/09/2012

56

GBP

Group: No

17/09/2011

56

GBP

Group: No

18/09/2010

56

GBP

Group: No

12/09/2009

56

GBP

Group: No

Net Worth

116,696,000

124,882,000

128,249,000

142,755,000

Working Capital

77,797,000

82,486,000

60,049,000

54,684,000

Total Assets

259,615,000

252,130,000

227,976,000

230,768,000

Total Liabilities

141,482,000

125,417,000

99,377,000

87,644,000

Net Assets

118,133,000

126,713,000

128,599,000

143,124,000

 

 

Cash Flow

 

15/09/2012

56

GBP

Group: No

17/09/2011

56

GBP

Group: No

18/09/2010

56

GBP

Group: No

12/09/2009

56

GBP

Group: No

Net Cash Flow from Operations

0

0

0

0

Net Cash Flow before Financing

0

0

0

0

Net Cash Flow from Financing

0

0

0

0

Increase in Cash

2,309,000

-7,671,000

7,335,000

78,000

 

 

Miscellaneous

 

15/09/2012

56

GBP

Group: No

17/09/2011

56

GBP

Group: No

18/09/2010

56

GBP

Group: No

12/09/2009

56

GBP

Group: No

Capital Employed

164,186,000

163,782,000

138,597,000

146,076,000

 

 

Financial ratios

 

15/09/2012

56

GBP

Group: No

17/09/2011

56

GBP

Group: No

18/09/2010

56

GBP

Group: No

12/09/2009

56

GBP

Group: No

Capital Employed

164,186,000

163,782,000

138,597,000

146,076,000

Pre Tax Profit Margin

0.16 %

1.34 %

1.63 %

2.55 %

 

Current Ration

1.82

1.93

1.67

1.65

 

Sales or Net Working Capital

12.73

10.93

13.36

14.80

 

Gearing

38.98 %

29.25 %

7.77 %

2.19 %

 

Equity

45.76 %

50.62 %

56.50 %

62.12 %

 

Creditor Days

23.46

23.44

25.60

20.00

 

Debtor Days

46.95

51.95

47.79

45.02

 

Liquidity or Acid test

1.64

1.73

1.49

1.46

 

Return on Capital Employed

0.94 %

7.39 %

9.42 %

14.11 %

 

Return on Total Assets Employed

0.59 %

4.80 %

5.73 %

8.93 %

 

Current Debt Ratio

0.80 %

0.69 %

0.69 %

0.59 %

 

Total Debt Ratio

1.19 %

0.98 %

0.77 %

0.61 %

 

Stock Turnover Ratio

1.68 %

1.96 %

1.93 %

1.92 %

 

Return on Net Assets Employed

1.31 %

9.55 %

10.16 %

14.40 %

 

 

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.24

UK Pound

1

Rs.101.81

Euro

1

Rs.84.88

 

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%)

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.