MIRA
INFORM REPORT
|
Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
S.P.L. FOODS LIMITED |
|
|
|
|
Registered Office : |
Spl Ltd Drury Lane Chadderton Oldham OL9 7PH |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
04.02.1991 |
|
|
|
|
Com. Reg. No.: |
02579526 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale food provision merchants. |
|
|
|
|
No. of Employees : |
36 |
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 : |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 and address
|
Company Name |
S.P.L. FOODS LIMITED |
Company Number |
02579526 |
|
Safe Number |
UK02240959 |
||
|
Registered Address |
SPL LTD DRURY
LANE |
Trading Address |
Spl Ltd Drury Lane |
|
CHADDERTON |
|||
|
OLDHAM |
|||
|
OL9 7PH |
|||
|
Website Address |
|||
|
Telephone Number |
01616241619 |
Fax Number |
|
|
TPS |
Yes |
FPS |
No |
|
Incorporation Date |
04/02/1991 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
CARRYPORT LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
27/07/2010 |
Filing Date of Accounts |
17/11/2012 |
|
|
|
Share Capital |
£34 |
|
SIC03 |
7415 |
Currency |
GBP |
|
SIC03 Description |
Holding Companies including Head Offices |
||
|
SIC07 |
70100 |
||
|
SIC07 Description |
ACTIVITIES OF HEAD OFFICES |
||
|
Principal Activity |
Wholesale food provision merchants. |
||
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has increased from 31 to 49 which
indicates it is creditworthy. |
|
|
The credit limit on this company has risen 125% in comparison to the
previously suggested credit limit. |
|
|
Sales in the latest trading period decreased 0.5% on the previous
trading period. |
|
|
Net Worth decreased by 0.2% during the latest trading period. |
|
|
A 0.8% decline in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits decreased by 99.8% compared to the previous trading
period. |
|
|
The company saw a decrease in their Cash Balance of 37.6% during the
latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
The company has undergone recent changes in its directorships. |
|
|
The company is not part of a group. |
|
|
The company has changed its registered address recently. |
|
|
The company was established over 22 years ago. |
|
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/06/2012 |
£19,601,980 |
£2,220 |
£909,365 |
36 |
|
30/06/2011 |
£19,695,752 |
£1,067,342 |
£911,072 |
36 |
|
30/06/2010 |
£19,946,140 |
£268,433 |
£860,364 |
36 |
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
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
Mortgage Summary
|
Total Current Directors |
5 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
3 |
Current Directors
|
Name |
Date of Birth |
17/03/1974 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
03/10/2012 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
|
Name |
Date of Birth |
22/05/1966 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
10/03/2011 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
|
Name |
Date of Birth |
14/02/1944 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
7 |
Function |
Director |
|
Appointment Date |
04/01/2008 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
|
Name |
Date of Birth |
12/12/1951 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Director |
|
Appointment Date |
26/10/2007 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
|
Name |
Date of Birth |
14/11/1966 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
21/06/2007 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
Current Company Secretary
|
Name |
Date of Birth |
12/12/1951 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Company Secretary |
|
Appointment Date |
26/10/2007 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
HAROLD SIMON |
GBP |
17 |
ORDINARY |
1 |
50 |
|
ROBERT ANDREW SIMON |
GBP |
17 |
ORDINARY |
1 |
50 |
Profit & Loss
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
Turnover |
£19,601,980 |
-0.5% |
£19,695,752 |
-1.3% |
£19,946,140 |
9.6% |
£18,200,696 |
7.6% |
£16,919,215 |
|
Export |
£1,721,122 |
-21% |
£2,178,549 |
30.3% |
£1,672,002 |
-6.5% |
£1,787,665 |
- |
- |
|
Cost of Sales |
- |
- |
- |
-100% |
£16,660,374 |
12.7% |
£14,786,519 |
10.5% |
£13,385,314 |
|
Gross Profit |
- |
- |
- |
- |
£3,285,766 |
-3.8% |
£3,414,177 |
-3.4% |
£3,533,901 |
|
Wages & Salaries |
£1,222,696 |
9.7% |
£1,114,162 |
-16.1% |
£1,327,819 |
5.1% |
£1,263,915 |
-22.9% |
£1,638,990 |
|
Directors Emoluments |
£210,797 |
106.1% |
£102,278 |
-68.1% |
£320,648 |
0.9% |
£317,805 |
-38.5% |
£516,993 |
|
Operating Profit |
£317,673 |
-38.2% |
£514,165 |
-12.5% |
£587,643 |
-51.4% |
£1,209,188 |
37.2% |
£881,323 |
|
Depreciation |
£21,330 |
-26.7% |
£29,105 |
-19.9% |
£36,325 |
-23.6% |
£47,538 |
-27% |
£65,085 |
|
Audit Fees |
£22,348 |
25.8% |
£17,762 |
-14.4% |
£20,740 |
-4.6% |
£21,730 |
-10.5% |
£24,278 |
|
Interest Payments |
£315,453 |
5.9% |
£297,837 |
-6.7% |
£319,210 |
-7.5% |
£345,027 |
17.9% |
£292,636 |
|
Pre Tax Profit |
£2,220 |
-99.8% |
£1,067,342 |
297.6% |
£268,433 |
-69% |
£865,667 |
43.5% |
£603,290 |
|
Taxation |
-£3,927 |
93% |
-£56,370 |
24.6% |
-£74,774 |
69.2% |
-£242,794 |
-29.6% |
-£187,379 |
|
Profit After Tax |
-£1,707 |
-100.2% |
£1,010,972 |
422% |
£193,659 |
-68.9% |
£622,873 |
49.8% |
£415,911 |
|
Dividends Payable |
- |
-100% |
£100,000 |
-56.8% |
£231,516 |
-23.4% |
£302,144 |
33.5% |
£226,386 |
|
Retained Profit |
-£1,707 |
-100.2% |
£910,972 |
999.9% |
-£37,857 |
-111.8% |
£320,729 |
69.2% |
£189,525 |
Balance Sheet
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Tangible Assets |
£735,641 |
145.5% |
£299,692 |
-15.9% |
£356,237 |
-11.3% |
£401,741 |
-9.6% |
£444,619 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£735,641 |
145.5% |
£299,692 |
-15.9% |
£356,237 |
-11.3% |
£401,741 |
-9.6% |
£444,619 |
|
Stock |
£4,023,030 |
5.3% |
£3,821,372 |
-14.8% |
£4,484,100 |
-12.1% |
£5,102,002 |
0.1% |
£5,097,833 |
|
Trade Debtors |
£3,063,312 |
-3.5% |
£3,173,403 |
10.1% |
£2,883,475 |
-14.9% |
£3,387,149 |
6.3% |
£3,185,606 |
|
Cash |
£241,364 |
-37.6% |
£386,747 |
404.6% |
£76,647 |
-89.4% |
£722,656 |
78% |
£405,912 |
|
Other Debtors |
£338,829 |
-56.9% |
£785,900 |
352.9% |
£173,525 |
-56.5% |
£399,226 |
102.6% |
£197,082 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£7,666,535 |
-6.1% |
£8,167,422 |
7.2% |
£7,617,747 |
-20.7% |
£9,611,033 |
8.2% |
£8,886,433 |
|
Trade Creditors |
£2,031,326 |
-2.3% |
£2,079,096 |
24% |
£1,677,323 |
-9.8% |
£1,859,619 |
-21.9% |
£2,381,845 |
|
Bank Loans & Overdrafts |
£5,019,003 |
1.8% |
£4,929,886 |
13.7% |
£4,333,969 |
-29.4% |
£6,141,543 |
16.2% |
£5,284,029 |
|
Other Short Term Finance |
£2,686 |
-99.1% |
£310,220 |
-26.9% |
£424,542 |
83.9% |
£230,879 |
-6.1% |
£245,795 |
|
Miscellaneous Current Liabilities |
£298,235 |
50.9% |
£197,585 |
-62.2% |
£522,161 |
-8% |
£567,848 |
39.8% |
£406,268 |
|
Total Current Liabilities |
£7,351,250 |
-2.2% |
£7,516,787 |
8% |
£6,957,995 |
-20.9% |
£8,799,889 |
5.8% |
£8,317,937 |
|
Bank Loans & Overdrafts and LTL |
£5,160,564 |
3.9% |
£4,969,141 |
10.7% |
£4,489,594 |
-30.5% |
£6,456,207 |
12.9% |
£5,719,652 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
-100% |
£6,228 |
-85.5% |
£43,077 |
|
Total Long Term Liabilities |
£141,561 |
260.6% |
£39,255 |
-74.8% |
£155,625 |
-50.5% |
£314,664 |
-27.8% |
£435,623 |
Capital & Reserves
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Called Up Share Capital |
£34 |
- |
£34 |
- |
£34 |
- |
£34 |
- |
£34 |
|
P & L Account Reserve |
£909,265 |
-0.2% |
£910,972 |
6.9% |
£852,014 |
-4.3% |
£889,871 |
56.4% |
£569,142 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£66 |
- |
£66 |
-99.2% |
£8,316 |
- |
£8,316 |
- |
£8,316 |
|
Shareholder Funds |
£909,365 |
-0.2% |
£911,072 |
5.9% |
£860,364 |
-4.2% |
£898,221 |
55.5% |
£577,492 |
Other Financial Items
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Net Worth |
£909,365 |
-0.2% |
£911,072 |
5.9% |
£860,364 |
-4.2% |
£898,221 |
55.5% |
£577,492 |
|
Working Capital |
£315,285 |
-51.5% |
£650,635 |
-1.4% |
£659,752 |
-18.7% |
£811,144 |
42.7% |
£568,496 |
|
Total Assets |
£8,402,176 |
-0.8% |
£8,467,114 |
6.2% |
£7,973,984 |
-20.4% |
£10,012,774 |
7.3% |
£9,331,052 |
|
Total Liabilities |
£7,492,811 |
-0.8% |
£7,556,042 |
6.2% |
£7,113,620 |
-22% |
£9,114,553 |
4.1% |
£8,753,560 |
|
Net Assets |
£909,365 |
-0.2% |
£911,072 |
5.9% |
£860,364 |
-4.2% |
£898,221 |
55.5% |
£577,492 |
Cash Flow
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Net Cashflow from Operations |
£343,530 |
-14.6% |
£402,334 |
-79.6% |
£1,976,573 |
478.8% |
£341,485 |
133.4% |
-£1,022,219 |
|
Net Cashflow before Financing |
-£31,052 |
78.3% |
-£142,786 |
-111.8% |
£1,211,036 |
382.2% |
-£429,080 |
79% |
-£2,041,489 |
|
Net Cashflow from Financing |
£249,532 |
62.8% |
£153,282 |
111% |
-£1,388,652 |
-384.3% |
£488,481 |
-73.8% |
£1,863,185 |
|
Increase in Cash |
£218,480 |
999.9% |
£10,496 |
105.9% |
-£177,616 |
-399% |
£59,401 |
133.3% |
-£178,304 |
Miscellaneous
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£1,050,926 |
10.6% |
£950,327 |
-6.5% |
£1,015,989 |
-16.2% |
£1,212,885 |
19.7% |
£1,013,115 |
|
Number of Employees |
36 |
- |
36 |
- |
36 |
- |
36 |
-10% |
40 |
|
Auditors |
DTE BUSINESS ADVISORY SERVICES LIMITED |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
HSBC BANK PLC |
||||||||
|
Bank Branch Code |
40-47-94 |
||||||||
Ratios
|
Date Of Accounts |
30/06/12 |
30/06/11 |
30/06/10 |
30/06/09 |
30/06/08 |
|
|
|
Pre-tax profit margin % |
0.01 |
5.42 |
1.35 |
4.76 |
3.57 |
|
|
Current ratio |
1.04 |
1.09 |
1.09 |
1.09 |
1.07 |
|
|
Sales/Net Working Capital |
62.17 |
30.27 |
30.23 |
22.44 |
29.76 |
|
|
Gearing % |
567.50 |
545.40 |
521.80 |
718.80 |
990.40 |
|
|
Equity in % |
10.80 |
10.80 |
10.80 |
9 |
6.20 |
|
|
Creditor Days |
37.72 |
38.42 |
30.60 |
37.19 |
51.24 |
|
|
Debtor Days |
56.88 |
58.64 |
52.62 |
67.74 |
68.53 |
|
|
Liquidity/Acid Test |
0.49 |
0.57 |
0.45 |
0.51 |
0.45 |
|
|
Return On Capital Employed % |
0.21 |
112.31 |
26.42 |
71.37 |
59.54 |
|
|
Return On Total Assets Employed % |
0.02 |
12.60 |
3.36 |
8.64 |
6.46 |
|
|
Current Debt Ratio |
8.08 |
8.25 |
8.08 |
9.79 |
14.40 |
|
|
Total Debt Ratio |
8.23 |
8.29 |
8.26 |
10.14 |
15.15 |
|
|
Stock Turnover Ratio % |
20.52 |
19.40 |
22.48 |
28.03 |
30.13 |
|
|
Return on Net Assets Employed % |
0.24 |
117.15 |
31.19 |
96.37 |
104.46 |
Event History
|
Date |
Description |
|
|
06/03/2013 |
Annual Returns |
|
|
26/11/2012 |
New Accounts Filed |
|
|
26/11/2012 |
New Accounts Filed |
|
|
06/11/2012 |
New Board Member Mr G. Knight appointed |
|
|
02/10/2012 |
Change in Reg.Office |
|
|
02/10/2012 |
Change of Company Postcode |
|
|
07/03/2012 |
Annual Returns |
|
|
12/12/2011 |
New Accounts Filed |
|
|
11/08/2011 |
Change in Reg.Office |
|
|
11/08/2011 |
Change of Company Postcode |
|
|
11/04/2011 |
New Accounts Filed |
|
|
11/04/2011 |
New Accounts Filed |
|
|
14/03/2011 |
New Board Member Mrs L.J. Winstanley appointed |
|
|
18/02/2011 |
Annual Returns |
|
|
29/07/2010 |
Change of Name |
Previous Company Names
|
Date |
Previous Name |
Companies House Documents |
|
27/07/2010 |
CARRYPORT LIMITED |
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
No group structure
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact CCJ Details
|
No CCJs found |
ossible CCJs Details
|
There are no possible CCJ details |
Mortgage Details
|
Mortgage Type: |
LEGAL ASSIGNMENT |
||
|
Date Charge Created: |
01/08/11 |
||
|
Date Charge Registered: |
04/08/11 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE
AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE
CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL
SECURITIES IN RESPECT OF THAT CREDIT BALANCE |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
30/06/10 |
||
|
Date Charge Registered: |
08/07/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST |
||
|
Date Charge Created: |
02/07/10 |
||
|
Date Charge Registered: |
06/07/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER") |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
||
|
Details: |
BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO
BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE
OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED
RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE
SECURITY HOLDER FOR ANY REASON |
||
Creditor Details
|
No Creditor Data |
||
|
Total Value |
- |
|
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
||
|
Total Value |
- |
|
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
2 |
12 |
|
|
2 |
12 |
|
|
3 |
7 |
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.23 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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%)
MIRA
INFORM REPORT
|
Report Date : |
20.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
S.P.L. FOODS LIMITED |
|
|
|
|
Registered Office : |
Spl Ltd Drury Lane Chadderton Oldham OL9 7PH |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2012 |
|
|
|
|
Date of Incorporation : |
04.02.1991 |
|
|
|
|
Com. Reg. No.: |
02579526 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale food provision merchants. |
|
|
|
|
No. of Employees : |
36 |
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 : |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 and address
|
Company Name |
S.P.L. FOODS LIMITED |
Company Number |
02579526 |
|
Safe Number |
UK02240959 |
||
|
Registered Address |
SPL LTD DRURY
LANE |
Trading Address |
Spl Ltd Drury Lane |
|
CHADDERTON |
|||
|
OLDHAM |
|||
|
OL9 7PH |
|||
|
Website Address |
|||
|
Telephone Number |
01616241619 |
Fax Number |
|
|
TPS |
Yes |
FPS |
No |
|
Incorporation Date |
04/02/1991 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
CARRYPORT LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
27/07/2010 |
Filing Date of Accounts |
17/11/2012 |
|
|
|
Share Capital |
£34 |
|
SIC03 |
7415 |
Currency |
GBP |
|
SIC03 Description |
Holding Companies including Head Offices |
||
|
SIC07 |
70100 |
||
|
SIC07 Description |
ACTIVITIES OF HEAD OFFICES |
||
|
Principal Activity |
Wholesale food provision merchants. |
||
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has increased from 31 to 49 which
indicates it is creditworthy. |
|
|
The credit limit on this company has risen 125% in comparison to the
previously suggested credit limit. |
|
|
Sales in the latest trading period decreased 0.5% on the previous
trading period. |
|
|
Net Worth decreased by 0.2% during the latest trading period. |
|
|
A 0.8% decline in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits decreased by 99.8% compared to the previous trading
period. |
|
|
The company saw a decrease in their Cash Balance of 37.6% during the
latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
The company has undergone recent changes in its directorships. |
|
|
The company is not part of a group. |
|
|
The company has changed its registered address recently. |
|
|
The company was established over 22 years ago. |
|
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/06/2012 |
£19,601,980 |
£2,220 |
£909,365 |
36 |
|
30/06/2011 |
£19,695,752 |
£1,067,342 |
£911,072 |
36 |
|
30/06/2010 |
£19,946,140 |
£268,433 |
£860,364 |
36 |
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
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
Mortgage Summary
|
Total Current Directors |
5 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
3 |
Current Directors
|
Name |
Date of Birth |
17/03/1974 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
03/10/2012 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
|
Name |
Date of Birth |
22/05/1966 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
10/03/2011 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
|
Name |
Date of Birth |
14/02/1944 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
7 |
Function |
Director |
|
Appointment Date |
04/01/2008 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
|
Name |
Date of Birth |
12/12/1951 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Director |
|
Appointment Date |
26/10/2007 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
|
Name |
Date of Birth |
14/11/1966 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
21/06/2007 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
Current Company Secretary
|
Name |
Date of Birth |
12/12/1951 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Company Secretary |
|
Appointment Date |
26/10/2007 |
||
|
Address |
Spl Ltd Drury Lane, Chadderton, Oldham, OL9 7PH |
||
|
Other Actions |
|||
|
Disqualified |
Disqualified End Date |
||
|
Disqualification Exception |
No |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
HAROLD SIMON |
GBP |
17 |
ORDINARY |
1 |
50 |
|
ROBERT ANDREW SIMON |
GBP |
17 |
ORDINARY |
1 |
50 |
Profit & Loss
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
Turnover |
£19,601,980 |
-0.5% |
£19,695,752 |
-1.3% |
£19,946,140 |
9.6% |
£18,200,696 |
7.6% |
£16,919,215 |
|
Export |
£1,721,122 |
-21% |
£2,178,549 |
30.3% |
£1,672,002 |
-6.5% |
£1,787,665 |
- |
- |
|
Cost of Sales |
- |
- |
- |
-100% |
£16,660,374 |
12.7% |
£14,786,519 |
10.5% |
£13,385,314 |
|
Gross Profit |
- |
- |
- |
- |
£3,285,766 |
-3.8% |
£3,414,177 |
-3.4% |
£3,533,901 |
|
Wages & Salaries |
£1,222,696 |
9.7% |
£1,114,162 |
-16.1% |
£1,327,819 |
5.1% |
£1,263,915 |
-22.9% |
£1,638,990 |
|
Directors Emoluments |
£210,797 |
106.1% |
£102,278 |
-68.1% |
£320,648 |
0.9% |
£317,805 |
-38.5% |
£516,993 |
|
Operating Profit |
£317,673 |
-38.2% |
£514,165 |
-12.5% |
£587,643 |
-51.4% |
£1,209,188 |
37.2% |
£881,323 |
|
Depreciation |
£21,330 |
-26.7% |
£29,105 |
-19.9% |
£36,325 |
-23.6% |
£47,538 |
-27% |
£65,085 |
|
Audit Fees |
£22,348 |
25.8% |
£17,762 |
-14.4% |
£20,740 |
-4.6% |
£21,730 |
-10.5% |
£24,278 |
|
Interest Payments |
£315,453 |
5.9% |
£297,837 |
-6.7% |
£319,210 |
-7.5% |
£345,027 |
17.9% |
£292,636 |
|
Pre Tax Profit |
£2,220 |
-99.8% |
£1,067,342 |
297.6% |
£268,433 |
-69% |
£865,667 |
43.5% |
£603,290 |
|
Taxation |
-£3,927 |
93% |
-£56,370 |
24.6% |
-£74,774 |
69.2% |
-£242,794 |
-29.6% |
-£187,379 |
|
Profit After Tax |
-£1,707 |
-100.2% |
£1,010,972 |
422% |
£193,659 |
-68.9% |
£622,873 |
49.8% |
£415,911 |
|
Dividends Payable |
- |
-100% |
£100,000 |
-56.8% |
£231,516 |
-23.4% |
£302,144 |
33.5% |
£226,386 |
|
Retained Profit |
-£1,707 |
-100.2% |
£910,972 |
999.9% |
-£37,857 |
-111.8% |
£320,729 |
69.2% |
£189,525 |
Balance Sheet
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Tangible Assets |
£735,641 |
145.5% |
£299,692 |
-15.9% |
£356,237 |
-11.3% |
£401,741 |
-9.6% |
£444,619 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£735,641 |
145.5% |
£299,692 |
-15.9% |
£356,237 |
-11.3% |
£401,741 |
-9.6% |
£444,619 |
|
Stock |
£4,023,030 |
5.3% |
£3,821,372 |
-14.8% |
£4,484,100 |
-12.1% |
£5,102,002 |
0.1% |
£5,097,833 |
|
Trade Debtors |
£3,063,312 |
-3.5% |
£3,173,403 |
10.1% |
£2,883,475 |
-14.9% |
£3,387,149 |
6.3% |
£3,185,606 |
|
Cash |
£241,364 |
-37.6% |
£386,747 |
404.6% |
£76,647 |
-89.4% |
£722,656 |
78% |
£405,912 |
|
Other Debtors |
£338,829 |
-56.9% |
£785,900 |
352.9% |
£173,525 |
-56.5% |
£399,226 |
102.6% |
£197,082 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£7,666,535 |
-6.1% |
£8,167,422 |
7.2% |
£7,617,747 |
-20.7% |
£9,611,033 |
8.2% |
£8,886,433 |
|
Trade Creditors |
£2,031,326 |
-2.3% |
£2,079,096 |
24% |
£1,677,323 |
-9.8% |
£1,859,619 |
-21.9% |
£2,381,845 |
|
Bank Loans & Overdrafts |
£5,019,003 |
1.8% |
£4,929,886 |
13.7% |
£4,333,969 |
-29.4% |
£6,141,543 |
16.2% |
£5,284,029 |
|
Other Short Term Finance |
£2,686 |
-99.1% |
£310,220 |
-26.9% |
£424,542 |
83.9% |
£230,879 |
-6.1% |
£245,795 |
|
Miscellaneous Current Liabilities |
£298,235 |
50.9% |
£197,585 |
-62.2% |
£522,161 |
-8% |
£567,848 |
39.8% |
£406,268 |
|
Total Current Liabilities |
£7,351,250 |
-2.2% |
£7,516,787 |
8% |
£6,957,995 |
-20.9% |
£8,799,889 |
5.8% |
£8,317,937 |
|
Bank Loans & Overdrafts and LTL |
£5,160,564 |
3.9% |
£4,969,141 |
10.7% |
£4,489,594 |
-30.5% |
£6,456,207 |
12.9% |
£5,719,652 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
-100% |
£6,228 |
-85.5% |
£43,077 |
|
Total Long Term Liabilities |
£141,561 |
260.6% |
£39,255 |
-74.8% |
£155,625 |
-50.5% |
£314,664 |
-27.8% |
£435,623 |
Capital & Reserves
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Called Up Share Capital |
£34 |
- |
£34 |
- |
£34 |
- |
£34 |
- |
£34 |
|
P & L Account Reserve |
£909,265 |
-0.2% |
£910,972 |
6.9% |
£852,014 |
-4.3% |
£889,871 |
56.4% |
£569,142 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£66 |
- |
£66 |
-99.2% |
£8,316 |
- |
£8,316 |
- |
£8,316 |
|
Shareholder Funds |
£909,365 |
-0.2% |
£911,072 |
5.9% |
£860,364 |
-4.2% |
£898,221 |
55.5% |
£577,492 |
Other Financial Items
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Net Worth |
£909,365 |
-0.2% |
£911,072 |
5.9% |
£860,364 |
-4.2% |
£898,221 |
55.5% |
£577,492 |
|
Working Capital |
£315,285 |
-51.5% |
£650,635 |
-1.4% |
£659,752 |
-18.7% |
£811,144 |
42.7% |
£568,496 |
|
Total Assets |
£8,402,176 |
-0.8% |
£8,467,114 |
6.2% |
£7,973,984 |
-20.4% |
£10,012,774 |
7.3% |
£9,331,052 |
|
Total Liabilities |
£7,492,811 |
-0.8% |
£7,556,042 |
6.2% |
£7,113,620 |
-22% |
£9,114,553 |
4.1% |
£8,753,560 |
|
Net Assets |
£909,365 |
-0.2% |
£911,072 |
5.9% |
£860,364 |
-4.2% |
£898,221 |
55.5% |
£577,492 |
Cash Flow
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Net Cashflow from Operations |
£343,530 |
-14.6% |
£402,334 |
-79.6% |
£1,976,573 |
478.8% |
£341,485 |
133.4% |
-£1,022,219 |
|
Net Cashflow before Financing |
-£31,052 |
78.3% |
-£142,786 |
-111.8% |
£1,211,036 |
382.2% |
-£429,080 |
79% |
-£2,041,489 |
|
Net Cashflow from Financing |
£249,532 |
62.8% |
£153,282 |
111% |
-£1,388,652 |
-384.3% |
£488,481 |
-73.8% |
£1,863,185 |
|
Increase in Cash |
£218,480 |
999.9% |
£10,496 |
105.9% |
-£177,616 |
-399% |
£59,401 |
133.3% |
-£178,304 |
Miscellaneous
|
Date Of Accounts |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£1,050,926 |
10.6% |
£950,327 |
-6.5% |
£1,015,989 |
-16.2% |
£1,212,885 |
19.7% |
£1,013,115 |
|
Number of Employees |
36 |
- |
36 |
- |
36 |
- |
36 |
-10% |
40 |
|
Auditors |
DTE BUSINESS ADVISORY SERVICES LIMITED |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
HSBC BANK PLC |
||||||||
|
Bank Branch Code |
40-47-94 |
||||||||
Ratios
|
Date Of Accounts |
30/06/12 |
30/06/11 |
30/06/10 |
30/06/09 |
30/06/08 |
|
|
|
Pre-tax profit margin % |
0.01 |
5.42 |
1.35 |
4.76 |
3.57 |
|
|
Current ratio |
1.04 |
1.09 |
1.09 |
1.09 |
1.07 |
|
|
Sales/Net Working Capital |
62.17 |
30.27 |
30.23 |
22.44 |
29.76 |
|
|
Gearing % |
567.50 |
545.40 |
521.80 |
718.80 |
990.40 |
|
|
Equity in % |
10.80 |
10.80 |
10.80 |
9 |
6.20 |
|
|
Creditor Days |
37.72 |
38.42 |
30.60 |
37.19 |
51.24 |
|
|
Debtor Days |
56.88 |
58.64 |
52.62 |
67.74 |
68.53 |
|
|
Liquidity/Acid Test |
0.49 |
0.57 |
0.45 |
0.51 |
0.45 |
|
|
Return On Capital Employed % |
0.21 |
112.31 |
26.42 |
71.37 |
59.54 |
|
|
Return On Total Assets Employed % |
0.02 |
12.60 |
3.36 |
8.64 |
6.46 |
|
|
Current Debt Ratio |
8.08 |
8.25 |
8.08 |
9.79 |
14.40 |
|
|
Total Debt Ratio |
8.23 |
8.29 |
8.26 |
10.14 |
15.15 |
|
|
Stock Turnover Ratio % |
20.52 |
19.40 |
22.48 |
28.03 |
30.13 |
|
|
Return on Net Assets Employed % |
0.24 |
117.15 |
31.19 |
96.37 |
104.46 |
Event History
|
Date |
Description |
|
|
06/03/2013 |
Annual Returns |
|
|
26/11/2012 |
New Accounts Filed |
|
|
26/11/2012 |
New Accounts Filed |
|
|
06/11/2012 |
New Board Member Mr G. Knight appointed |
|
|
02/10/2012 |
Change in Reg.Office |
|
|
02/10/2012 |
Change of Company Postcode |
|
|
07/03/2012 |
Annual Returns |
|
|
12/12/2011 |
New Accounts Filed |
|
|
11/08/2011 |
Change in Reg.Office |
|
|
11/08/2011 |
Change of Company Postcode |
|
|
11/04/2011 |
New Accounts Filed |
|
|
11/04/2011 |
New Accounts Filed |
|
|
14/03/2011 |
New Board Member Mrs L.J. Winstanley appointed |
|
|
18/02/2011 |
Annual Returns |
|
|
29/07/2010 |
Change of Name |
Previous Company Names
|
Date |
Previous Name |
Companies House Documents |
|
27/07/2010 |
CARRYPORT LIMITED |
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
No group structure
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact CCJ Details
|
No CCJs found |
ossible CCJs Details
|
There are no possible CCJ details |
Mortgage Details
|
Mortgage Type: |
LEGAL ASSIGNMENT |
||
|
Date Charge Created: |
01/08/11 |
||
|
Date Charge Registered: |
04/08/11 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE
AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE
CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL
SECURITIES IN RESPECT OF THAT CREDIT BALANCE |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
30/06/10 |
||
|
Date Charge Registered: |
08/07/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST |
||
|
Date Charge Created: |
02/07/10 |
||
|
Date Charge Registered: |
06/07/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER") |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
||
|
Details: |
BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO
BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE
OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED
RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE
SECURITY HOLDER FOR ANY REASON |
||
Creditor Details
|
No Creditor Data |
||
|
Total Value |
- |
|
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
||
|
Total Value |
- |
|
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
2 |
12 |
|
|
2 |
12 |
|
|
3 |
7 |
|
Average Invoice Value |
n/a |
|
Invoices available |
n/a |
|
Paid |
n/a |
|
Outstanding |
n/a |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.23 |
|
|
1 |
Rs.100.18 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.