MIRA INFORM REPORT
|
Report Date : |
02.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAMUEL BANNER & CO. LTD. |
|
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Formerly Known as: |
Samuel Banner Holdings Ltd. |
|
|
|
|
Registered Office : |
Hampton Court Tudor
Road, Manor Park, Runcorn, WA7 1TU |
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|
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Country : |
United Kingdom |
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|
|
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Financials (as on) : |
30.04.2012 |
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Date of Incorporation : |
22.07.1991 |
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Com. Reg. No.: |
02631366 |
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Legal Form : |
Private Subsidiary
Company |
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|
|
|
Line of Business : |
·
Supplier
of solvents and speciality chemicals ·
Subject
provides a variety of glycol ethers and intermediates. ·
Subject
offers ketones, phthalate esters, alkanolamines and amides |
|
|
|
|
No. of Employees : |
79 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 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 & address
Samuel Banner & Co.
Ltd.
Hampton Court
Manor Park
Runcorn, WA7 1TU
United Kingdom
Tel: 44-1928597021
Fax: 44-1928597003
Company summary
Employees: 79
Company Type: Private Subsidiary
Corporate Family: 36 Companies
Ultimate Parent: 2M Group Ltd.
Quoted Status: Non-quoted
Company
Incorporation
Date: 22-Jul-1991
Auditor: Uhy
Hacker Young
Financials in: USD (Millions)
Fiscal Year End: 30-Apr-2012
Reporting
Currency: British Pound Sterling
Annual Sales: 73.4 1
Net Income: 1.2
Total Assets: 66.1
Business Description
Founded in 1860,
Samuel Banner & Co. Ltd. is one of the leading chemical distributors in the
United Kingdom. The company supplies a range of solvents and speciality
chemicals. It provides a variety of glycol ethers and intermediates. The
company offers ketones, phthalate esters, alkanolamines and amides. It also
provides alcohols, methylene chlorides and anhydrides. The company offers
propylene glycol ethers and acetates under the BANNERNOL brand. It provides
chemicals for adhesives, packaging substrates and printing sundries. The
company offers packing, blending and formulation services. It has tankers, bulk
containers and drums. The company maintains in-house laboratories and depots.
It serves customers in the automobile, industrial, personal care and
pharmaceutical markets.
Industry
Industry
Miscellaneous Chemical Manufacturing
ANZSIC 2006: 1899 - Other Basic Chemical Product
Manufacturing Not Elsewhere Classified
ISIC Rev 4: 2029 - Manufacture of other chemical
products n.e.c.
NACE Rev 2: 2059 - Manufacture of other chemical
products n.e.c.
NAICS 2012: 325998 - All Other Miscellaneous Chemical
Product and Preparation Manufacturing
UK SIC 2007: 2059 - Manufacture of other chemical
products n.e.c.
US SIC 1987: 2899 - Chemicals and Chemical Preparations,
Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Brian Perry |
Financial Controller |
|
Emma Bennett |
Business Development Manager |
|
Ian Smith Fletcher |
Secretary |
|
Mark Johnson |
Manager-Supply Chain |
|
Emma Daniels |
Compliance Manager |
Financial Summary
|
||||||||||||||||||||||
1 - Profit & Loss Item Exchange Rate: USD 1 =
GBP 0.627861
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP
0.6148738
Corporate Overview
Location
Hampton Court
Manor Park
Runcorn, WA7 1TU
Cheshire County
United Kingdom
Tel: 44-1928597021
Fax: 44-1928597003
Sales GBP(mil): 46.1
Assets GBP(mil): 40.6
Employees: 79
Fiscal Year End: 30-Apr-2012
Industry: Chemical Manufacturing
Registered Address:
Hampton Court
Tudor Road
Manor Park
Runcorn, WA7 1TU
United Kingdom
Incorporation
Date: 22-Jul-1991
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Previous Name: Samuel Banner Holdings Ltd.
Registered
No.(UK): 02631366
Director: David Robert John Dalton
Industry Codes
ANZSIC 2006
Codes:
1899 - Other
Basic Chemical Product Manufacturing Not Elsewhere Classified
3323 - Industrial
and Agricultural Chemical Product Wholesaling
ISIC Rev 4 Codes:
2029 - Manufacture
of other chemical products n.e.c.
4669 - Wholesale
of waste and scrap and other products n.e.c.
NACE Rev 2 Codes:
2059 - Manufacture
of other chemical products n.e.c.
4675 - Wholesale
of chemical products
NAICS 2012 Codes:
325998 - All
Other Miscellaneous Chemical Product and Preparation Manufacturing
4246 - Chemical
and Allied Products Merchant Wholesalers
US SIC 1987:
2899 - Chemicals
and Chemical Preparations, Not Elsewhere Classified
516 - Chemicals
and Allied Products
UK SIC 2007:
2059 - Manufacture
of other chemical products n.e.c.
4675 - Wholesale
of chemical products
Business Description
Founded in 1860,
Samuel Banner & Co. Ltd. is one of the leading chemical distributors in the
United Kingdom. The company supplies a range of solvents and speciality
chemicals. It provides a variety of glycol ethers and intermediates. The
company offers ketones, phthalate esters, alkanolamines and amides. It also
provides alcohols, methylene chlorides and anhydrides. The company offers
propylene glycol ethers and acetates under the BANNERNOL brand. It provides
chemicals for adhesives, packaging substrates and printing sundries. The
company offers packing, blending and formulation services. It has tankers, bulk
containers and drums. The company maintains in-house laboratories and depots.
It serves customers in the automobile, industrial, personal care and pharmaceutical
markets.
More Business Descriptions
Samuel Banner
& Co. Ltd. is a supplier and distributor of bulk and packaged chemicals in
the United Kingdom. The company offers a wide range of solvent and speciality
chemicals for various industries. It provides various services, including
liquid and powder blending, formulating, colour matching and contract packing,
bulk storage and tool manufacturing for its customers. Samuel Banner & Co.
Ltd. serves various industries, including adhesives, automotive and aviation,
coatings, chemical, cosmetics, engineering, electronics, food, oil field,
pharmaceutical, personal care and printing. (Updated by OneSource Information
Services)
Chemicals
Transportation
Samuel Banner
operates under the umbrella of Banner Chemicals Ltd and the group's total
activities extend from chemical distribution to the processing, packaging and
blending of chemical products. With Samuel Banner comes a wealth of other
specialist services and expertise for industry. Our commercial and technical sales
teams have extensive market experience, so customers have a pool of formulation
and development expertise at their fingertips. Our unique in-house laboratories
support this role, ensuring we can tailor-make and test client's products.
Supply you can depend on Banner Chemicals has its Head Office in Runcorn and
operates two owned depots in Middlesbrough and Liverpool. Our distribution
service has facilities for single and multi-compartment tankers; supply of
intermediate bulk containers; drums, cans and even smaller containers on
special request. Our Business Units: 3M NOVEC ENGINEERED FLUIDS AdBlue BlueCat
SOLUTIONS BIOCIDES CONFORMAL COATINGS Chlorinated Solvents: Trichloroethylene
Alternative TRICHLOROETHYLENE (TCE), PERCHLOROETHYLENE (PCE) ENGINEERED FLUIDS,
ELECTRONIC COATING NOVEC 3M HYDROCARBON SOLVENTS NOVEC ELECTRONIC COATING 3M
OIL FIELD APPLICATIONS OXYGENATED SOLVENTS & INTERMEDIATES
PERCHLOROETHYLENE REPLACE PERSONAL CARE PHARMACEUTICAL PRODUCTS PIGMENT
DISPERSIONS; PRECISION & ELECTRONICS CLEANING SERVICES:BLENDING &
CONTRACT PACKING SPECIALTY CHEMICALS SURFACE COATINGS & INDUSTRIAL
TRICHLOROETHYLENE ALTERNATIVE WATER TREATMENT About Us 150 years of history 150
Years of Innovation 2M Group Membership of Organisations Accreditations News
& Press Releases The parts we were cleaning did not achieve the precision
cleaning standard the aviation industry needs. Banner came to our support with
selecting the right product, running cleaning trials and advising on equipment
to use. There is no company that matches such service level. Aviation support
company technical manager
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Corporate Family |
Corporate
Structure News: |
|
|
2M
Group Ltd. |
|
Samuel Banner & Co. Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
|
Parent |
London |
United Kingdom |
Miscellaneous Personal Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
157.6 |
186 |
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
1.5 |
170 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Basic Chemical Manufacturing |
|
92 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Chemical Wholesale |
|
80 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Miscellaneous Chemical Manufacturing |
|
80 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Chemical Wholesale |
|
80 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Chemical Manufacturing |
73.4 |
79 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
|
25 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemical Wholesale |
1.4 |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
0.0 |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemical Wholesale |
|
|
|
|
|
Unit |
Runcorn |
United Kingdom |
Miscellaneous Chemical Manufacturing |
|
59 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Miscellaneous Chemical Manufacturing |
|
50 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Miscellaneous Chemical Manufacturing |
|
40 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Chemical Wholesale |
|
30 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Pharmaceutical Manufacturing |
|
25 |
|
|
|
Unit |
Runcorn |
United Kingdom |
Miscellaneous Chemical Manufacturing |
|
20 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Chemical Manufacturing |
1.0 |
7 |
|
|
|
Unit |
Liverpool |
United Kingdom |
Basic Chemical Manufacturing |
|
7 |
|
|
|
Subsidiary |
Middlesbrough |
United Kingdom |
Storage and Warehousing |
2.5 |
3 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
London |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Miscellaneous Professional Services |
0.3 |
75 |
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Chemical Wholesale |
80.0 |
79 |
|
|
|
UK Branch/Trading address |
Elland |
United Kingdom |
Chemical Wholesale |
80.0 |
20 |
|
|
|
Subsidiary |
Elland |
United Kingdom |
Chemical Wholesale |
|
25 |
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Chemical Wholesale |
|
|
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
|
|
Subsidiary |
Leeds |
United Kingdom |
Miscellaneous Professional Services |
|
|
|
Executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Business Manager |
Administration Executive |
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Secretary |
Company Secretary |
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Financial Controller |
Finance Executive |
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Finance Manager |
Finance Executive |
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Sales Manager |
Sales Executive |
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Sales Manager |
Sales Executive |
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Business Development Manager |
Business Development Executive |
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Business Development Manager |
Business Development Executive |
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Commercial Director |
Commercial Executive |
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Compliance Manager |
Legal Executive |
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Manager-Supply Chain |
Purchasing Executive |
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founder |
Other |
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Business Director |
Other |
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Business Director |
Other |
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Business Director |
Other |
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Directors and Shareholders Report
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Main Office Address: |
Tel: 44-1928597021 |
Annual Return Date: 21 Sep 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
24 Jun 1955 |
Hampton Court Manor Park, |
01 Sep 2004 |
NA |
Current:24 |
|
|
|
Current |
11 Oct 1954 |
C/O Banner Chemicals Limited, Hampton Court Tudor Road, |
24 Sep 2007 |
NA |
Current:6 |
|
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|
Current |
22 Dec 1962 |
C/O Banner Chemicals Limited, Hampton Court Tudor Road, |
06 Oct 2004 |
NA |
Current:13 |
|
|
|
Previous |
02 Aug 1934 |
Mansard House Winchester Avenue, |
22 Aug 1992 |
02 Jan 1996 |
Current:0 |
|
|
|
Previous |
24 Mar 1934 |
4712 Yachtman Drive, Fernandina Beach, |
12 Nov 1999 |
29 Mar 2001 |
Current:0 |
|
|
|
Previous |
14 Nov 1954 |
6 Lady Lane, Croft, |
NA |
29 Jul 1998 |
Current:2 |
|
|
|
Previous |
08 Feb 1945 |
22 Lancaster Road, Formby, |
22 Aug 1992 |
31 Mar 1999 |
Current:0 |
|
|
|
Previous |
07 Dec 1955 |
19 Blakeley Brow, Raby Mere, |
01 May 1994 |
31 Jul 1997 |
Current:0 |
|
|
|
Previous |
28 Aug 1962 |
Aniseed House Broadgate Oldham Broadway Business, Chadderton, |
29 Jul 1998 |
12 Nov 1999 |
Current:3 |
|
|
|
Previous |
15 Jun 1935 |
Oakwood, Lady Margaret Road, |
01 Sep 2004 |
22 Feb 2012 |
Current:0 |
|
|
|
Previous |
07 Feb 1964 |
95 King Street, |
29 Mar 2001 |
01 Sep 2004 |
Current:0 |
|
|
|
Previous |
09 Mar 1953 |
1123 Sweetbriar Lane North, |
29 Mar 2001 |
01 Sep 2004 |
Current:0 |
|
|
|
Previous |
22 Dec 1962 |
C/O Banner Chemicals Limited, Hampton Court Tudor Road, |
02 Feb 2001 |
01 Sep 2004 |
Current:13 |
|
|
|
Previous |
11 Feb 1967 |
33 Winchester Avenue, |
29 Mar 2001 |
31 Aug 2004 |
Current:6 |
|
|
|
Previous |
16 Jan 1962 |
Albion House Rawdon Park, Green Lane Yeadon, |
01 May 1994 |
30 Apr 1997 |
Current:0 |
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|
|
Previous |
28 Oct 1961 |
2 Springfield Court, Higher Kinnerton, |
31 Mar 1999 |
31 Aug 2004 |
Current:0 |
|
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|
Previous |
24 Apr 1950 |
Cherchell Forbes Park, Robins Lane, |
NA |
30 Jun 1997 |
Current:0 |
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|
|
Previous |
10 Aug 1938 |
Wallhill Barn Frog Lane, |
NA |
30 Apr 1997 |
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 |
|
|
Current |
NA |
Birds Nest, Corbrook Audlem, |
25 Jun 2007 |
NA |
Current:8 |
|
|
|
Previous |
07 Mar 1948 |
41 Stapleton Road, Formby, |
02 Dec 1996 |
05 Jun 1998 |
Current:0 |
|
|
|
Previous |
28 Aug 1962 |
Aniseed House Broadgate Oldham Broadway Business, Chadderton, |
05 Jun 1998 |
12 Nov 1999 |
Current:3 |
|
|
|
Previous |
23 Jun 1967 |
66 Malmesbury Park, Sandymoor, |
31 Aug 2004 |
25 Jun 2007 |
Current:0 |
|
|
|
Previous |
28 Oct 1961 |
2 Springfield Court, Higher Kinnerton, |
12 Nov 1999 |
31 Aug 2004 |
Current:0 |
|
|
|
Previous |
10 Aug 1938 |
Wallhill Barn Frog Lane, |
NA |
02 Dec 1996 |
Current:0 |
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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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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
00072727 |
2300000 Ordinary GBP 1.00 |
Ordinary |
2,300,000 |
1.00 |
2,300,000.00 |
50.19 |
|
|
00072727 |
2282500 Deferred GBP 0.00 |
Deferred |
2,282,500 |
0.00 |
<0.01 |
49.81 |
|
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
69 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.627861 |
0.640008 |
0.625491 |
0.607152 |
0.498433 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
|
|
Turnover (UK) |
65.6 |
63.4 |
51.5 |
56.1 |
88.4 |
|
Turnover (Exports) |
7.8 |
11.3 |
4.5 |
2.4 |
3.4 |
|
Total Turnover |
73.4 |
74.7 |
56.0 |
58.6 |
91.8 |
|
Cost of Sales |
57.5 |
56.1 |
42.9 |
47.4 |
73.0 |
|
Gross Profit |
15.9 |
18.6 |
13.1 |
11.1 |
18.7 |
|
Depreciation |
0.4 |
0.3 |
0.4 |
0.4 |
0.4 |
|
Other Expenses |
14.0 |
15.9 |
11.9 |
10.9 |
18.4 |
|
Operating Profit |
1.9 |
- |
- |
- |
- |
|
Other Income |
0.1 |
0.1 |
0.1 |
0.3 |
0.5 |
|
Interest Paid |
0.3 |
0.1 |
0.2 |
0.4 |
0.6 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
1.6 |
2.7 |
1.2 |
0.1 |
0.3 |
|
Tax Payable / Credit |
0.4 |
0.8 |
0.5 |
0.1 |
0.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
1.2 |
1.9 |
0.7 |
0.0 |
0.3 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
- |
- |
0.0 |
- |
- |
|
Number of Employees |
79 |
77 |
72 |
54 |
54 |
|
Wages |
3.7 |
5.3 |
3.2 |
2.6 |
4.0 |
|
Social Security Costs |
0.4 |
0.4 |
0.3 |
0.3 |
0.5 |
|
Pensions |
0.0 |
- |
0.0 |
0.0 |
0.0 |
|
Other Pension Costs |
0.6 |
0.5 |
0.5 |
0.5 |
0.9 |
|
Employees Remuneration |
4.7 |
6.3 |
4.1 |
3.4 |
5.4 |
|
Directors Emoluments |
- |
- |
0.2 |
0.3 |
0.3 |
|
Other Costs |
0.3 |
- |
0.0 |
0.0 |
0.0 |
|
Directors Remuneration |
0.3 |
0.6 |
0.2 |
0.3 |
0.3 |
|
Highest Paid Director |
- |
0.3 |
- |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.614874 |
0.599538 |
0.653317 |
0.674855 |
0.50491 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Plant & Vehicles |
4.7 |
4.8 |
4.6 |
4.6 |
6.1 |
|
Total Tangible Fixed Assets |
4.7 |
4.8 |
4.6 |
4.6 |
6.2 |
|
Intangible Assets |
0.9 |
1.2 |
1.3 |
1.5 |
2.3 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
5.7 |
6.0 |
5.9 |
6.1 |
8.6 |
|
Stocks |
9.4 |
8.4 |
5.4 |
2.6 |
5.1 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
9.4 |
8.4 |
5.4 |
2.6 |
5.1 |
|
Trade Debtors |
14.8 |
18.2 |
11.9 |
9.3 |
15.1 |
|
Inter-Company Debtors |
34.8 |
20.8 |
18.6 |
19.7 |
26.3 |
|
Other Debtors |
0.8 |
0.4 |
0.5 |
0.5 |
0.4 |
|
Total Debtors |
50.4 |
39.4 |
31.0 |
29.5 |
41.8 |
|
Cash and Equivalents |
0.6 |
4.5 |
0.7 |
0.3 |
0.3 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
60.4 |
52.4 |
37.1 |
32.4 |
47.1 |
|
Total Assets |
66.1 |
58.4 |
43.1 |
38.5 |
55.7 |
|
Trade Creditors |
5.8 |
10.3 |
6.8 |
4.7 |
6.5 |
|
Bank Overdraft |
20.4 |
9.3 |
5.9 |
5.5 |
11.0 |
|
Inter-Company Creditors |
7.3 |
7.0 |
6.5 |
7.0 |
8.9 |
|
Accruals/Deferred Income (Current Liability) |
4.0 |
5.7 |
2.0 |
1.5 |
3.6 |
|
Social Security/VAT |
0.8 |
0.6 |
1.1 |
1.0 |
0.6 |
|
Corporation Tax |
0.1 |
0.8 |
0.2 |
- |
0.0 |
|
Other Current Liabilities |
1.3 |
0.8 |
0.4 |
0.4 |
0.4 |
|
Total Current Liabilities |
39.7 |
34.6 |
22.9 |
19.9 |
31.0 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
1.6 |
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 |
1.6 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.5 |
0.2 |
0.4 |
0.1 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.5 |
0.2 |
0.4 |
0.1 |
0.0 |
|
Issued Capital |
3.7 |
3.8 |
3.5 |
3.4 |
4.6 |
|
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 |
19.3 |
18.5 |
15.2 |
14.1 |
18.8 |
|
Other Reserves |
1.1 |
1.2 |
1.1 |
1.0 |
1.4 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
24.2 |
23.5 |
19.8 |
18.5 |
24.7 |
|
Net Worth |
23.3 |
22.3 |
18.5 |
17.0 |
22.4 |
Annual Cash Flows
Financials in: USD (mil)
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
69 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.627861 |
0.640008 |
0.625491 |
0.607152 |
0.498433 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
-14.9 |
1.4 |
0.2 |
3.6 |
-7.5 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.3 |
0.0 |
0.0 |
-0.1 |
-0.1 |
|
Taxation |
-0.8 |
-0.4 |
0.1 |
0.0 |
0.0 |
|
Capital Expenditures |
-0.4 |
-0.2 |
-0.2 |
-0.4 |
-6.5 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
1.6 |
0.0 |
0.0 |
0.0 |
-0.1 |
|
Increase in Cash |
-14.7 |
0.8 |
0.1 |
3.1 |
-14.2 |
Annual Ratios
Financials in: USD (mil)
|
|
30-Apr-2012 |
30-Apr-2011 |
30-Apr-2010 |
30-Apr-2009 |
30-Apr-2008 |
|
Period Length |
53 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
69 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.614874 |
0.599538 |
0.653317 |
0.674855 |
0.50491 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.52 |
1.51 |
1.62 |
1.63 |
1.52 |
|
Liquidity Ratio |
1.28 |
1.27 |
1.39 |
1.50 |
1.36 |
|
Stock Turnover |
785.00 |
944.00 |
989.00 |
2,055.00 |
1,349.00 |
|
Credit Period (Days) |
7,356.00 |
8,328.00 |
8,130.00 |
6,445.00 |
8,058.00 |
|
Working Capital by Sales |
2,812.00% |
2,226.00% |
2,662.00% |
2,368.00% |
2,369.00% |
|
Trade Credit by Debtors |
39.00 |
57.00 |
57.00 |
50.00 |
43.00 |
|
Return on Capital |
616.00% |
1,206.00% |
551.00% |
34.00% |
76.00% |
|
Return on Assets |
246.00% |
491.00% |
258.00% |
17.00% |
34.00% |
|
Profit Margin |
221.00% |
360.00% |
208.00% |
12.00% |
27.00% |
|
Return on Shareholders Funds |
670.00% |
1,219.00% |
562.00% |
35.00% |
76.00% |
|
Borrowing Ratio |
12,597.00% |
7,311.00% |
6,731.00% |
7,324.00% |
8,873.00% |
|
Equity Gearing |
3,663.00% |
4,032.00% |
4,596.00% |
4,801.00% |
4,441.00% |
|
Debt Gearing |
6.99% |
- |
- |
- |
- |
|
Interest Coverage |
484.00 |
1,857.00 |
729.00 |
17.00 |
45.00 |
|
Sales by Tangible Assets |
1,555.00 |
1,651.00 |
1,170.00 |
1,141.00 |
1,099.00 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.9 |
1.0 |
0.7 |
1.0 |
1.3 |
|
Capital Employed per Employee |
0.3 |
0.3 |
0.3 |
0.3 |
0.5 |
|
Tangible Assets per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Assets per Employee |
0.8 |
0.8 |
0.6 |
0.7 |
1.0 |
|
Employee Remuneration by Sales |
636.00% |
837.00% |
736.00% |
579.00% |
585.00% |
|
Creditor Days (Cost of Sales Based) |
3,682.00 |
6,307.00 |
6,007.00 |
3,995.00 |
4,357.00 |
|
Creditor Days (Sales Based) |
2,884.00 |
4,733.00 |
4,600.00 |
3,237.00 |
3,467.00 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.36 |
|
UK Pound |
1 |
Rs.101.20 |
|
Euro |
1 |
Rs.84.54 |
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.