MIRA INFORM REPORT
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Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
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Name : |
RDA BULK PACKAGING LTD |
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Formerly Known as: |
MILEBRAND LIMITED |
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Registered Office : |
Severn Business Park, Burma Road, Sharpness, Berkeley, GL13 9UQ |
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Country : |
United Kingdom |
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Financials (as on) : |
30.09.2013 |
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Date of Incorporation : |
06.09.1999 |
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Com. Reg. No.: |
03836432 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Engaged in supplying Flexible Intermediate
Bulk Containers (FIBC's), otherwise known as
Bulk Bags, Tote Bags, Big Bags or Tay Bags. Subject product ranges includes:- |
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No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.
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Source : CIA |
Company
name & address
|
Company Name: |
RDA BULK PACKAGING LTD |
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Company No: |
03836432 |
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Registered Address: |
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SEVERN BUSINESS PARK, BURMA ROAD |
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SHARPNESS |
|
BERKELEY |
|
GL13 9UQ |
company
summary
|
Company Name |
RDA BULK PACKAGING LTD |
Company Number |
03836432 |
|
Registered
Address |
SEVERN BUSINESS PARK, BURMA ROAD |
Trading Address |
Severn Business
Park |
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Website Address |
|||
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Telephone Number |
01453511222 |
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|
TPS |
No |
||
|
Incorporation Date |
06/09/1999 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
MILEBRAND LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
02/11/1999 |
Filing Date of
Accounts |
17/02/2014 |
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|
|
Share Capital |
£22 |
|
SIC03 |
5190 |
Currency |
GBP |
|
Principal Activity |
Engaged in supplying Flexible Intermediate
Bulk Containers (FIBC's), otherwise known as
Bulk Bags, Tote Bags, Big Bags or Tay Bags. |
||
|
Product details |
·
Builders Bags. ·
Custom Made
FIBC's. ·
Seed/Feeds
Bags. ·
Kerbside
Collection Bags. ·
Sand Bags And
Polypropylene Sacks. ·
Tarpaulins. ·
Palletwrap /
Stretchwrap. ·
Polythene bags. |
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Commentary
|
No exact match CCJs are recorded against the company. |
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|
There is insufficient data to indicate a change in this company’s
percentage of sales. |
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Net Worth decreased by 4.5% during the latest trading period. |
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A 4.6% growth in Total Assets occurred during the latest trading
period. |
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There is insufficient data to indicate a change in this company’s
pre-tax profit. |
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|
The company saw an increase in their Cash Balance of 5.2% during the
latest trading period. |
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The company is exempt from audit. |
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No recent changes in directorship are recorded. |
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The company is not part of a group. |
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The movement in accumulated earnings would indicate that the company
incurred a loss after tax and other appropriations, including dividends. |
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The company was established over 14 years ago. |
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Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/09/2013 |
- |
- |
£703,241 |
- |
|
30/09/2012 |
- |
- |
£736,732 |
- |
|
30/09/2011 |
- |
- |
£704,582 |
- |
Payment
Information Summary
|
Days Beyond
Terms |
Trend Indicator |
Average
Payment Experience |
|||||
|
Steady Improving
Worsening |
Be the first to
leave a payment experience |
Trade
Debtors / Bad Debt Summary
|
Total Number of Documented Trade Debtors / Bad Debt - |
2 |
|
|
Total Value of Documented Trade Debtors / Bad Debt - |
£2,950 |
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
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|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
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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
|
Outstanding |
1 |
|
Satisfied |
0 |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
2 |
Current
Directors
|
Name |
Date of Birth |
02/08/1971 |
|
|
Officers Title |
Mr |
Nationality |
British |
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Present Appointments |
2 |
Function |
Director |
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Appointment Date |
11/10/1999 |
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|
Address |
Severn Business Park Burma Road,
Sharpness, Berkeley, Gloucestershire, GL13 9UQ |
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|
Name |
Date of Birth |
14/10/1966 |
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|
Officers Title |
Mr |
Nationality |
British |
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Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
11/10/1999 |
||
|
Address |
Severn Business Park Burma Road,
Sharpness, Berkeley, Gloucestershire, GL13 9UQ |
||
Current
Company Secretary
|
Name |
Date of Birth |
02/08/1971 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
11/10/1999 |
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|
Address |
Severn Business Park Burma Road, Sharpness, Berkeley, Gloucestershire,
GL13 9UQ |
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Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
ROBERT CHARLES BLOODWORTH |
GBP |
11 |
ORDINARY |
1 |
50 |
|
DARREN BRETT HAMBLIN |
GBP |
7 |
ORDINARY |
1 |
31.82 |
|
KIM SHIRLEY LOUISE HAMBLIN |
GBP |
4 |
ORDINARY |
1 |
18.18 |
Profit
& Loss
|
Date Of Accounts |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
|
Weeks |
52 |
52 |
52 |
52 |
52 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Consolidated A/cs |
N |
N |
N |
N |
N |
|
Turnover |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
|
Depreciation |
£1,471 |
£1,514 |
£4,932 |
£5,421 |
£7,802 |
|
Audit Fees |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
Balance
Sheet
|
Date Of Accounts |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
|
Tangible Assets |
£5,506 |
£6,493 |
£15,871 |
£35,875 |
£24,812 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
£5,506 |
£6,493 |
£15,871 |
£35,875 |
£24,812 |
|
Stock |
£454,338 |
£486,591 |
£778,089 |
£255,331 |
£436,275 |
|
Trade Debtors |
£409,367 |
£338,379 |
£316,992 |
£396,380 |
£307,898 |
|
Cash |
£161,498 |
£153,588 |
£34,082 |
£211,178 |
£165,254 |
|
Other Debtors |
0 |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
0 |
|
Total Current Assets |
£1,025,203 |
£978,558 |
£1,129,163 |
£862,889 |
£909,427 |
|
Trade Creditors |
£327,468 |
£248,319 |
£440,452 |
£226,247 |
£243,653 |
|
Bank Loans & Overdrafts |
0 |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
0 |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Liabilities |
0 |
0 |
0 |
0 |
0 |
|
Total Current Liabilities |
£327,468 |
£248,319 |
£440,452 |
£226,247 |
£243,653 |
|
Bank Loans & Overdrafts and LTL |
0 |
0 |
0 |
£972 |
£583 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
0 |
0 |
0 |
£972 |
£583 |
Capital
& Reserves
|
Date Of Accounts |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
|
Called Up Share Capital |
£22 |
£22 |
£22 |
£22 |
£2 |
|
P & L Account Reserve |
£703,219 |
£736,710 |
£704,560 |
£671,523 |
£690,001 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£703,241 |
£736,732 |
£704,582 |
£671,545 |
£690,003 |
Other
Financial Items
|
Date Of Accounts |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
|
Net Worth |
£703,241 |
£736,732 |
£704,582 |
£671,545 |
£690,003 |
|
Working Capital |
£697,735 |
£730,239 |
£688,711 |
£636,642 |
£665,774 |
|
Total Assets |
£1,030,709 |
£985,051 |
£1,145,034 |
£898,764 |
£934,239 |
|
Total Liabilities |
£327,468 |
£248,319 |
£440,452 |
£227,219 |
£244,236 |
|
Net Assets |
£703,241 |
£736,732 |
£704,582 |
£671,545 |
£690,003 |
Miscellaneous
|
Date Of Accounts |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
|
|
Contingent Liability |
NO |
NO |
NO |
NO |
NO |
|
|
Capital Employed |
£703,241 |
£736,732 |
£704,582 |
£672,517 |
£690,586 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
|
|
Auditors |
||||||
|
Auditor Comments |
The company is exempt from audit |
|||||
Ratios
|
Date Of Accounts |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
3.13 |
3.94 |
2.56 |
3.81 |
3.73 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0.10 |
0.10 |
|
Equity in % |
68.20 |
74.80 |
61.50 |
74.70 |
73.90 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
1.74 |
1.98 |
0.79 |
2.68 |
1.94 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
0.46 |
0.33 |
0.62 |
0.33 |
0.35 |
|
Total Debt Ratio |
0.46 |
0.33 |
0.62 |
0.33 |
0.35 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Status
History
No Status History found
Event
History
|
Date |
Description |
|
25/02/2014 |
New Accounts Filed |
|
21/10/2013 |
Annual Returns |
|
11/01/2013 |
New Accounts Filed |
|
01/10/2012 |
Annual Returns |
|
27/01/2012 |
New Accounts Filed |
|
12/10/2011 |
Annual Returns |
|
14/02/2011 |
New Accounts Filed |
|
10/11/2010 |
Annual Returns |
|
26/06/2010 |
New Accounts Filed |
|
13/11/2009 |
Annual Returns |
|
15/02/2009 |
New Accounts Filed |
|
19/09/2008 |
Annual Returns |
|
13/03/2008 |
New Accounts Filed |
|
28/11/2007 |
Annual Returns |
|
15/11/2007 |
Change in Reg.Office |
Previous
Company Names
|
Date |
Previous Name |
|
02/11/1999 |
MILEBRAND 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 |
Possible
CCJs Details
There are no possible CCJ details
Writ
Details
No writs found
Mortgage
Details
|
Mortgage Type: |
ALL ASSETS DEBENTURE |
||
|
Date Charge Created: |
30/04/02 |
||
|
Date Charge Registered: |
02/05/02 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS TSB COMMERCIAL FINANCE LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE
THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
Creditor
Details
|
No Creditor Data |
|
|
Total Value |
- |
Trade
Debtors / Bad Debt Detail
|
Company Name |
Amount |
Statement Date |
|
|
£2,203 |
30/09/2010 |
||
|
£747 |
20/09/2012 |
||
|
Total Value |
£2,950 |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
|
321 |
10772 |
||
|
388 |
10704 |
||
|
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.60.26 |
|
UK Pound |
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.