MIRA INFORM REPORT
|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
P. & B. (FOODS) LIMITED |
|
|
|
|
Registered Office : |
Bhagat Building, Planetrees Road, Bradford, West Yorkshire BD4 8AE |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
27.08.1970 |
|
|
|
|
Legal Form : |
Private limited with share capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
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 |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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
|
Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
P. & B. (FOODS) LIMITED
%20LIMITED%20-%20274399%2030-Jun-2014_files/image002.jpg)
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Date of
Birth |
10/02/1950 |
|
|
Officers
Title |
Mr |
Nationality |
Indian |
|
Present
Appointments |
6 |
Function |
Director |
|
Appointment
Date |
14/04/1991 |
|
|
|
Address |
1211
Thornton Road, Bradford, West Yorkshire, BD13 3BE |
||
|
Name |
Date of
Birth |
18/05/1940 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment
Date |
14/04/1991 |
|
|
|
Address |
22
Northcroft Rise, Bradford, West Yorkshire, BD8 0BW |
||
|
Name |
Date of
Birth |
03/04/1973 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment
Date |
01/04/2003 |
|
|
|
Address |
22
Northcroft Rise, Bradford, West Yorkshire, BD8 0BW |
||
Current Company Secretary
|
Name |
Date of
Birth |
10/02/1950 |
|
|
Officers
Title |
Mr |
Nationality |
Indian |
|
Present
Appointments |
6 |
Function |
Company
Secretary |
|
Appointment
Date |
14/04/1991 |
|
|
|
Address |
1211
Thornton Road, Bradford, West Yorkshire, BD13 3BE |
||
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous Directorships |
|
0 |
1 |
NEGATIVE
INFORMATION
Mortgage Summary
Total Mortgage
11
Outstanding 6
Satisfied 5
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 13
Total Value of Documented Trade £70,135
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
|
No CCJs
found |
Possible CCJs Details
|
There are
no possible CCJ details |
Writ Details
|
No writs
found |
Mortgage Details
|
Mortgage
Type: |
GUARANTEE
& DEBENTURE |
||
|
Date
Charge Created: |
25/08/11 |
|
|
|
Date
Charge Registered: |
07/09/11 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE COMPANIES
NAMED THEREIN TOTHE CHARGEE ON ANYACCOUNT 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: |
DEBENTURE |
||
|
Date
Charge Created: |
25/08/11 |
|
|
|
Date
Charge Registered: |
31/08/11 |
|
|
|
Date
Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
P.& B.
FOODS HOLDINGS LIMITED |
||
|
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: |
FIXED AND
FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES SEE IMAGE FOR
FULL DETAILS |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
31/07/07 |
|
|
|
Date
Charge Registered: |
07/08/07 |
|
|
|
Date
Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H
PROPERTY K/A LAND AND BUILDINGS ON THE EAST SIDE OF PLANETREES ROAD
LAISTERDYKE BRADFORD WEST YORKSHIRE T/NO WYK489012 |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
01/03/05 |
|
|
|
Date Charge
Registered: |
03/03/05 |
|
|
|
Date
Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H
PROPERTY K/A LAND ADJACENT TO 61 PLANETREES ROAD, BRADFORD. T/NO WYK661486
AND WYK741737 |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
17/04/89 |
|
|
|
Date
Charge Registered: |
03/05/89 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
LAND
& BUILDINGS ON THE EAST SIDE OF HIGHBURY ROAD, BRADFORD, WEST YORKSHIRE
TITLE WYK 338606 |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
10/03/89 |
|
|
|
Date
Charge Registered: |
16/03/89 |
|
|
|
Date
Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS
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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED
PLANT AND MACHINERY |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
26/03/85 |
|
|
|
Date
Charge Registered: |
01/04/85 |
|
|
|
Date
Charge Satisfied: |
06/07/91 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
YORKSHIRE
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
||
|
Details: |
10
BAXANDALL STREET BRADFORD 5 WEST YORKSHIRE WITH ALL FIXTURES & FITTINGS
(OTHER THAN TRADE) PLANT& MACHINERY FLOATING CHARGE OVER ALL MOVABLE
FIXTURES & FITTINGS MACHINERY AND EQUIPMENT MATERIAL &ARTICLES |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
26/03/85 |
|
|
|
Date
Charge Registered: |
01/04/85 |
|
|
|
Date
Charge Satisfied: |
06/07/91 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
YORKSHIRE
BANK PLC |
||
|
Amount
Secured: |
ALL MONIES
DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
||
|
Details: |
LAND
& BUILDINGS ON THE NORTH SIDE OF IDDLESLEIGH STREET BRADFORD, WEST
YORKSHIRE T/N WYK 320627 WITH ALL FIXTURES & FITTINGS (OTHER THAN TRADE)
PLANT & MACHINERY FLOATING CHARGE OVER ALL MOVABLE FIXTURES &
FITTINGS PLANT MACHINERY AND EQUIPMENT MATERIAL & ARTICLES |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
07/02/85 |
|
|
|
Date
Charge Registered: |
09/02/85 |
|
|
|
Date Charge
Satisfied: |
06/07/91 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
YORKSHIRE
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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED
PLANT AND MACHINERY |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
21/12/84 |
|
|
|
Date
Charge Registered: |
28/12/84 |
|
|
|
Date
Charge Satisfied: |
28/12/84 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL MONIES
DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
PLOT OF
LAND OFF HIGHBURY ROAD BRADFORD. |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
03/08/84 |
|
|
|
Date
Charge Registered: |
06/08/84 |
|
|
|
Date
Charge Satisfied: |
06/08/84 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
F/HOLD
PROPERTY SITUATE IN IDDLESLEIGH STREET, BRADFORD WEST YORKSHIRE |
||
Trade Debtors / Bad Debt Detail
|
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
Trade
Debtors |
13 |
£70,135 |
|
Company
Name |
Amount |
Statement
Date |
|
£17,490 |
05/11/2009 |
|
|
£17,301 |
25/06/2010 |
|
|
£7,000 |
11/12/2013 |
|
|
£5,233 |
05/01/2012 |
|
|
£4,697 |
19/08/2010 |
|
|
£3,651 |
28/05/2010 |
|
|
£3,298 |
09/05/2014 |
|
|
£3,041 |
17/06/2011 |
|
|
£2,350 |
14/02/2014 |
|
|
£2,305 |
03/05/2013 |
|
|
£1,635 |
27/09/2013 |
|
|
£1,116 |
30/12/2010 |
|
|
£1,018 |
15/02/2013 |
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share
Count |
Share
Type |
Nominal
Value |
% of
Total Share Count |
|
P. &
B. FOODS HOLDINGS LTD |
GBP |
68,340 |
ORDINARY |
1 |
100 |
PAYMENT
INFORMATION
Trade Payment Information
|
Average
Invoice Value |
283.25 |
|
Invoices available
|
80 |
|
Paid |
80 |
|
Outstanding
|
0 |
|
Average
Invoice Value |
£283.25 |
|
Invoices
available |
80 |
|
Paid |
80 |
|
Outstanding
|
0 |
|
Trade
Payment Data is information that we collect from selected third party partners
who send us information about their whole sales ledger. |
|
|
Within
Terms |
0-30
Days |
31-60
Days |
61-90
Days |
91+ Days |
|
Paid |
11 |
61 |
7 |
1 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Group structure
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
07437959 |
31.03.2013 |
Y |
£41,046,954
|
|
|
00988034 |
31.03.2013 |
N |
£41,046,954
|
%20LIMITED%20-%20274399%2030-Jun-2014_files/image009.gif){kind=small}
FINANCIAL
INFORMATION
%20LIMITED%20-%20274399%2030-Jun-2014_files/image005.jpg)
Profit & Loss
|
Date Of
Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£41,046,954 |
7.1% |
£38,325,894 |
10.7% |
£34,624,060 |
22.1% |
£28,366,473 |
26.9% |
£22,355,135 |
|
Export |
£4,417,955 |
33.7% |
£3,304,432 |
39.9% |
£2,361,737 |
59.8% |
£1,477,731 |
17.9% |
£1,253,511 |
|
Cost of
Sales |
£32,596,120 |
10.7% |
£29,450,851 |
9.2% |
£26,980,311 |
21.2% |
£22,264,306 |
26.8% |
£17,564,129 |
|
Gross
Profit |
£8,450,834 |
-4.8% |
£8,875,043 |
16.1% |
£7,643,749 |
25.3% |
£6,102,167 |
27.4% |
£4,791,006 |
|
Wages
& Salaries |
£3,049,883 |
7.6% |
£2,835,095 |
19.7% |
£2,368,484 |
22.2% |
£1,938,576 |
27% |
£1,526,888 |
|
Directors
Emoluments |
£448,300 |
-1% |
£452,689 |
36% |
£332,743 |
6.6% |
£312,053 |
3.8% |
£300,698 |
|
Operating
Profit |
£3,212,713 |
-14.2% |
£3,745,658 |
11% |
£3,374,127 |
34.1% |
£2,516,464 |
25.6% |
£2,004,019 |
|
Depreciation |
£212,986 |
-14.9% |
£250,239 |
2.8% |
£243,530 |
-6.8% |
£261,325 |
34.3% |
£194,588 |
|
Audit
Fees |
£12,400 |
24% |
£10,000 |
14.3% |
£8,750 |
- |
£8,750 |
- |
£8,750 |
|
Interest
Payments |
£59,791 |
31.4% |
£45,510 |
-11.3% |
£51,289 |
54.2% |
£33,266 |
-55.3% |
£74,342 |
|
Pre Tax
Profit |
£3,152,922 |
-14.8% |
£3,700,148 |
11.4% |
£3,322,838 |
33.8% |
£2,483,198 |
28.7% |
£1,929,677 |
|
Taxation |
-£1,131,339 |
-91.8% |
-£589,912 |
38.1% |
-£952,240 |
-32.4% |
-£719,463 |
-29.9% |
-£553,864 |
|
Profit
After Tax |
£2,021,583 |
-35% |
£3,110,236 |
31.2% |
£2,370,598 |
34.4% |
£1,763,735 |
28.2% |
£1,375,813 |
|
Dividends
Payable |
£2,487,057 |
-75.7% |
£10,250,012 |
999.9% |
£136,680 |
- |
£136,680 |
- |
£136,680 |
|
Retained
Profit |
-£465,474 |
93.5% |
-£7,139,776 |
-419.6% |
£2,233,918 |
37.3% |
£1,627,055 |
31.3% |
£1,239,133 |
Balance Sheet
|
Date Of
Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Tangible
Assets |
£667,935 |
-4.4% |
£698,692 |
-80.2% |
£3,525,464 |
-1.7% |
£3,587,089 |
11.7% |
£3,210,236 |
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Fixed Assets |
£667,935 |
-4.4% |
£698,692 |
-80.2% |
£3,525,464 |
-1.7% |
£3,587,089 |
11.7% |
£3,210,236 |
|
Stock |
£6,502,695 |
9.4% |
£5,946,591 |
15.2% |
£5,162,656 |
15.4% |
£4,475,505 |
42.5% |
£3,141,348 |
|
Trade
Debtors |
£6,848,348 |
8.7% |
£6,297,777 |
20.3% |
£5,234,442 |
13.9% |
£4,594,766 |
42.3% |
£3,229,398 |
|
Cash |
£542,829 |
119.7% |
£247,068 |
-82.8% |
£1,432,425 |
999.9% |
£26,141 |
-96.7% |
£794,938 |
|
Other Debtors |
£593,026 |
173% |
£217,255 |
101.2% |
£107,993 |
33% |
£81,224 |
31% |
£62,018 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£14,486,898 |
14% |
£12,708,691 |
6.5% |
£11,937,516 |
30.1% |
£9,177,636 |
27% |
£7,227,702 |
|
Trade
Creditors |
£6,352,102 |
46.1% |
£4,346,422 |
7.6% |
£4,040,243 |
11% |
£3,639,705 |
25.5% |
£2,900,661 |
|
Bank
Loans & Overdrafts |
£114,542 |
-41% |
£194,056 |
20.7% |
£160,830 |
-71.5% |
£565,197 |
302.3% |
£140,494 |
|
Other
Short Term Finance |
£322,735 |
96.5% |
£164,259 |
23.7% |
£132,832 |
40.6% |
£94,474 |
65.1% |
£57,209 |
|
Miscellaneous
Current Liabilities |
£824,655 |
171.8% |
£303,428 |
-78.9% |
£1,436,779 |
70.5% |
£842,919 |
25.8% |
£669,796 |
|
Total Current
Liabilities |
£7,614,034 |
52% |
£5,008,165 |
-13.2% |
£5,770,684 |
12.2% |
£5,142,295 |
36.5% |
£3,768,160 |
|
Bank
Loans & Overdrafts and LTL |
£5,977,865 |
-6.9% |
£6,419,221 |
894.3% |
£645,619 |
-48.2% |
£1,246,789 |
21.3% |
£1,027,476 |
|
Other
Long Term Finance |
£5,834,344 |
-3.9% |
£6,068,490 |
999.9% |
£77,407 |
-21.5% |
£98,639 |
19.5% |
£82,542 |
|
Total
Long Term Liabilities |
£5,863,323 |
-5.8% |
£6,225,165 |
999.9% |
£484,789 |
-28.9% |
£681,592 |
-23.2% |
£886,982 |
Capital & Reserves
|
Date Of
Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Called Up
Share Capital |
£68,340 |
- |
£68,340 |
- |
£68,340 |
- |
£68,340 |
- |
£68,340 |
|
P & L
Account Reserve |
£1,603,998 |
-22.5% |
£2,069,472 |
-76.4% |
£8,762,930 |
34.3% |
£6,527,017 |
33.9% |
£4,875,441 |
|
Revaluation
Reserve |
- |
- |
- |
-100% |
£338,349 |
-0.6% |
£340,343 |
-59.2% |
£833,877 |
|
Sundry
Reserves |
£5,138 |
-85.8% |
£36,241 |
-4.3% |
£37,888 |
637.4% |
£5,138 |
- |
£5,138 |
|
Shareholder
Funds |
£1,677,476 |
-22.8% |
£2,174,053 |
-76.4% |
£9,207,507 |
32.7% |
£6,940,838 |
20% |
£5,782,796 |
Other Financial Items
|
Date Of
Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Net Worth |
£1,677,476 |
-22.8% |
£2,174,053 |
-76.4% |
£9,207,507 |
32.7% |
£6,940,838 |
20% |
£5,782,796 |
|
Working
Capital |
£6,872,864 |
-10.7% |
£7,700,526 |
24.9% |
£6,166,832 |
52.8% |
£4,035,341 |
16.6% |
£3,459,542 |
|
Total
Assets |
£15,154,833 |
13% |
£13,407,383 |
-13.3% |
£15,462,980 |
21.1% |
£12,764,725 |
22.3% |
£10,437,938 |
|
Total
Liabilities |
£13,477,357 |
20% |
£11,233,330 |
79.6% |
£6,255,473 |
7.4% |
£5,823,887 |
25.1% |
£4,655,142 |
|
Net
Assets |
£1,677,476 |
-22.8% |
£2,174,053 |
-76.4% |
£9,207,507 |
32.7% |
£6,940,838 |
20% |
£5,782,796 |
Cash Flow
|
Date Of
Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Net
Cashflow from Operations |
- |
- |
- |
- |
£2,663,099 |
231% |
£804,468 |
-46.5% |
£1,504,686 |
|
Net
Cashflow before Financing |
- |
- |
- |
-100% |
£2,115,374 |
342% |
-£873,973 |
-234.7% |
£649,005 |
|
Net
Cashflow from Financing |
- |
- |
- |
- |
-£709,090 |
-154.9% |
-£278,159 |
-192.3% |
-£95,159 |
|
Increase
in Cash |
- |
- |
- |
- |
£1,406,284 |
222.1% |
-£1,152,132 |
-308% |
£553,846 |
Miscellaneous
|
Date Of
Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£7,540,799 |
-10.2% |
£8,399,218 |
-13.3% |
£9,692,296 |
27.2% |
£7,622,430 |
14.3% |
£6,669,778 |
|
Number of
Employees |
102 |
5.2% |
97 |
9% |
89 |
27.1% |
70 |
25% |
56 |
|
Auditors |
GRANT
THORNTON UK LLP |
||||||||
|
Auditor
Comments |
The audit
report contains no adverse comments |
||||||||
|
Bankers |
BARCLAYS
BANK PLC |
||||||||
|
Bank
Branch Code |
|
||||||||
Ratios
|
Date Of
Accounts |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
31/03/09 |
|
Pre-tax
profit margin % |
7.68 |
9.65 |
9.60 |
8.75 |
8.63 |
|
Current
ratio |
1.90 |
2.54 |
2.07 |
1.78 |
1.92 |
|
Sales/Net
Working Capital |
5.97 |
4.98 |
5.61 |
7.03 |
6.46 |
|
Gearing % |
356.40 |
295.30 |
7 |
18 |
17.80 |
|
Equity in
% |
11.10 |
16.20 |
59.50 |
54.40 |
55.40 |
|
Creditor
Days |
56.32 |
41.28 |
42.47 |
46.70 |
47.23 |
|
Debtor
Days |
60.73 |
59.81 |
55.02 |
58.96 |
52.58 |
|
Liquidity/Acid
Test |
1.04 |
1.35 |
1.17 |
0.91 |
1.08 |
|
Return On
Capital Employed % |
41.81 |
44.05 |
34.28 |
32.57 |
28.93 |
|
Return On
Total Assets Employed % |
20.80 |
27.59 |
21.48 |
19.45 |
18.48 |
|
Current
Debt Ratio |
4.53 |
2.30 |
0.62 |
0.74 |
0.65 |
|
Total
Debt Ratio |
8.03 |
5.16 |
0.67 |
0.83 |
0.80 |
|
Stock
Turnover Ratio % |
15.84 |
15.51 |
14.91 |
15.77 |
14.05 |
|
Return on
Net Assets Employed % |
187.95 |
170.19 |
36.08 |
35.77 |
33.36 |
Creditor Details
|
|
Total Number |
Total Value |
|
Trade
Creditors |
0 |
- |
|
No
Creditor Data |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Status History
|
No Status
History found |
Event History
|
Date |
Description |
|
27/11/2013 |
New
Accounts Filed |
|
27/11/2013 |
New
Accounts Filed |
|
18/05/2013 |
Annual
Returns |
|
01/12/2012 |
New
Accounts Filed |
|
01/12/2012 |
New
Accounts Filed |
|
06/08/2012 |
Annual
Returns |
|
07/01/2012 |
New
Accounts Filed |
|
07/01/2012 |
New
Accounts Filed |
|
15/06/2011 |
Annual
Returns |
|
20/11/2010 |
New
Accounts Filed |
|
20/11/2010 |
New
Accounts Filed |
|
29/06/2010 |
Annual
Returns |
|
05/11/2009 |
New
Accounts Filed |
|
05/11/2009 |
New
Accounts Filed |
|
21/06/2009 |
Annual
Returns |
Previous Company Names
|
No Previous Names found. |
NOTES
& COMMENTS
Commentary
|
No exact
match CCJs are recorded against the company. |
|
|
Sales in the
latest trading period increased 7.1% on the previous trading period. |
|
|
Net Worth
decreased by 22.8% during the latest trading period. |
|
|
A 13%
growth in Total Assets occurred during the latest trading period. |
|
|
Pre-tax profits
decreased by 14.8% compared to the previous trading period. |
|
|
The
company saw an increase in their Cash Balance of 119.7% during the latest
trading period. |
|
|
The audit
report contains no adverse comments. |
|
|
No recent
changes in directorship are recorded. |
|
|
The
company is part of a group. |
|
|
The
company was established over 43 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.09 |
|
|
1 |
Rs. 102.39 |
|
Euro |
1 |
Rs. 81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.