MIRA
INFORM REPORT
|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
LUBNA FOODS LIMITED |
|
|
|
|
Registered Office : |
164 Garnett Street, Bradford, BD3 9HB |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2013 |
|
|
|
|
Date of Incorporation : |
22.04.1975 |
|
|
|
|
Com. Reg. No.: |
01208669 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of general groceries and provisions. |
|
|
|
|
No. of Employees |
Not Available |
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 : |
Slow but correct |
|
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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 |
Company Name
LUBNA FOODS LIMITED
Limited Company
Company Number
01208669
Registered Address
164 GARNETT STREET
BRADFORD
BD3 9HB
Trading Address
164-164A Garnett Street
Bradford
West Yorkshire
BD3 9HB
Website Address http://www.lubnafoods.com
Telephone Number 01274731728
Fax Number --
TPS No
FPS No
Incorporation Date 22/04/1975
Previous Name ---
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 12/11/2013
Currency
GBP
Share Capital £10,000
SIC07
46390
SIC07 Description NON-SPECIALISED
WHOLESALE OF FOOD, BEVERAGES AND TOBACCO
Principal Activity Wholesale
of general groceries and provisions.
Commentary
|
No exact match CCJs are recorded against the company. |
|
The company's credit rating has dropped from 55 to 38 but the company
is still indicating it is creditworthy. |
|
The credit limit on this company has fallen 75% in comparison to the
previously suggested credit limit. |
|
Sales in the latest trading period decreased 4.2% on the previous
trading period. |
|
Net Worth decreased by 15.3% during the latest trading period. |
|
A 4.8% decline in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits decreased by 227.8% compared to the previous trading
period. |
|
The company saw a decrease in their Cash Balance of 68.8% during the
latest trading period. |
|
The audit report contains no adverse comments. |
|
No recent changes in directorship are recorded. |
|
The company is not part of a group. |
|
The company has changed its registered address recently. |
|
The company was established over 38 years ago. |
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 - |
- |
|
|
|
Total Current Directors |
4 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
1 |
Current Directors
|
Name |
Date of Birth |
19/06/1933 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment Date |
18/08/1991 |
|
|
|
Address |
Rufford Lodge Oxford Road, Dewsbury, West Yorkshire, WF13 4JT |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
06/12/1962 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
18/08/1991 |
|
|
|
Address |
Oakworth 43 Birkdale Road, Dewsbury, West Yorkshire, WF13 4HH |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
12/04/1967 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment Date |
18/08/1991 |
|
|
|
Address |
Greenways 18, Oxford Road, Dewsbury, West Yorkshire, WF13 4JT |
||
|
Other Actions |
|
|
|
|
Name |
Date of Birth |
25/01/1972 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
31/03/1991 |
|
|
|
Address |
Rufford Lodge, Oxford Road, Dewsbury, West Yorkshire, WF13 4JT |
||
|
Other Actions |
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
19/06/1933 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
18/08/1991 |
|
|
|
Address |
Oakworth Birkdale Road, Dewsbury, West Yorkshire, WF13 4HH |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
|
MR A.G. PATEL |
GBP |
3,000 |
ORDINARY |
1 |
30 |
|
A.A. PATEL |
GBP |
3,000 |
ORDINARY |
1 |
30 |
|
MR A.A. EBRAHIM |
GBP |
3,000 |
ORDINARY |
1 |
30 |
|
MR E.I. PATEL |
GBP |
1,000 |
ORDINARY |
1 |
10 |
Financial information
Profit & Loss
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
Turnover |
£16,897,375 |
-4.2% |
£17,637,142 |
3.7% |
£17,012,269 |
10.2% |
£15,440,563 |
1.2% |
£15,264,052 |
|
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cost of Sales |
£15,366,974 |
-3.4% |
£15,901,466 |
3.1% |
£15,418,089 |
11% |
£13,889,010 |
-0.1% |
£13,908,150 |
|
|
Gross Profit |
£1,530,401 |
-11.8% |
£1,735,676 |
8.9% |
£1,594,180 |
2.7% |
£1,551,553 |
14.4% |
£1,355,902 |
|
|
Wages & Salaries |
£975,552 |
4.2% |
£936,055 |
15.8% |
£808,142 |
15% |
£702,868 |
3.9% |
£676,340 |
|
|
Directors Emoluments |
£91,492 |
-6.9% |
£98,246 |
-0.4% |
£98,617 |
1.9% |
£96,774 |
-1.8% |
£98,512 |
|
|
Operating Profit |
-£146,936 |
-189.8% |
£163,625 |
3.7% |
£157,779 |
-21.5% |
£200,937 |
50.1% |
£133,862 |
|
|
Depreciation |
£57,002 |
39.1% |
£40,989 |
-19.4% |
£50,843 |
16.8% |
£43,525 |
-24.8% |
£57,898 |
|
|
Audit Fees |
£5,200 |
4% |
£5,000 |
- |
£5,000 |
1% |
£4,950 |
54.7% |
£3,200 |
|
|
Interest Payments |
£28,016 |
-13.1% |
£32,257 |
56.4% |
£20,628 |
1.9% |
£20,236 |
-34.7% |
£30,972 |
|
|
Pre Tax Profit |
-£174,331 |
-227.8% |
£136,368 |
-5.8% |
£144,751 |
-2.5% |
£148,402 |
-9.8% |
£164,475 |
|
|
Taxation |
£23,591 |
199.5% |
-£23,701 |
22.1% |
-£30,423 |
-30.4% |
-£23,327 |
22.5% |
-£30,093 |
|
|
Profit After Tax |
-£150,740 |
-233.8% |
£112,667 |
-1.5% |
£114,328 |
-8.6% |
£125,075 |
-6.9% |
£134,382 |
|
|
Dividends Payable |
£11,250 |
-75% |
£45,000 |
9% |
£41,300 |
-21.3% |
£52,500 |
40% |
£37,500 |
|
Retained Profit |
-£161,990 |
-339.4% |
£67,667 |
-7.3% |
£73,028 |
0.6% |
£72,575 |
-25.1% |
£96,882 |
Balance Sheet
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
Tangible Assets |
£677,479 |
40.8% |
£480,996 |
6.5% |
£451,715 |
-2.9% |
£465,223 |
-0.3% |
£466,476 |
|
|
Intangible Assets |
£17,869 |
184.8% |
£6,275 |
-25% |
£8,366 |
999.9% |
£1 |
- |
£1 |
|
|
Total Fixed Assets |
£695,348 |
42.7% |
£487,271 |
5.9% |
£460,081 |
-1.1% |
£465,224 |
-0.3% |
£466,477 |
|
|
Stock |
£2,441,472 |
-8.8% |
£2,675,927 |
0.2% |
£2,671,548 |
29.6% |
£2,061,642 |
-4.3% |
£2,154,638 |
|
|
Trade Debtors |
£1,513,995 |
-13% |
£1,739,737 |
1.4% |
£1,715,125 |
26% |
£1,360,745 |
33.4% |
£1,019,794 |
|
|
Cash |
£37,153 |
-68.8% |
£118,950 |
6.4% |
£111,824 |
84% |
£60,789 |
120.3% |
£27,588 |
|
|
Other Debtors |
£135,981 |
207.9% |
£44,159 |
-7.9% |
£47,948 |
128.2% |
£21,009 |
49.1% |
£14,094 |
|
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£4,128,601 |
-9.8% |
£4,578,773 |
0.7% |
£4,546,445 |
29.7% |
£3,504,185 |
9% |
£3,216,114 |
|
|
Trade Creditors |
£2,570,967 |
-3.8% |
£2,672,320 |
-0.2% |
£2,677,249 |
25.8% |
£2,128,082 |
-1.1% |
£2,152,548 |
|
|
Bank Loans & Overdrafts |
£1,069,901 |
-5% |
£1,126,370 |
-2.2% |
£1,151,319 |
75.1% |
£657,359 |
44.3% |
£455,456 |
|
|
Other Short Term Finance |
£1,155 |
-77.2% |
£5,067 |
-44.6% |
£9,140 |
84.1% |
£4,965 |
- |
£4,965 |
|
|
Miscellaneous Current Liabilities |
£90,459 |
86.2% |
£48,572 |
-11.4% |
£54,832 |
-42.7% |
£95,658 |
74.6% |
£54,772 |
|
|
Total Current Liabilities |
£3,732,482 |
-3.1% |
£3,852,329 |
-1% |
£3,892,540 |
34.9% |
£2,886,064 |
8.2% |
£2,667,741 |
|
|
Bank Loans & Overdrafts and LTL |
£1,180,137 |
-1.4% |
£1,196,864 |
0.6% |
£1,189,751 |
71% |
£695,719 |
39.7% |
£497,896 |
|
|
Other Long Term Finance |
£110,236 |
56.4% |
£70,494 |
999.9% |
£4,387 |
1.7% |
£4,315 |
-47.1% |
£8,155 |
|
|
Total Long Term Liabilities |
£110,236 |
56.4% |
£70,494 |
83.4% |
£38,432 |
0.2% |
£38,360 |
-9.6% |
£42,440 |
.
Capital & Reserves
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
Called Up Share Capital |
£10,000 |
- |
£10,000 |
- |
£10,000 |
- |
£10,000 |
- |
£10,000 |
|
|
P & L Account Reserve |
£971,231 |
-14.3% |
£1,133,221 |
6.4% |
£1,065,554 |
3% |
£1,034,985 |
7.5% |
£962,410 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£981,231 |
-14.2% |
£1,143,221 |
6.3% |
£1,075,554 |
2.9% |
£1,044,985 |
7.5% |
£972,410 |
Other Financial Items
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
Net Worth |
£963,362 |
-15.3% |
£1,136,946 |
6.5% |
£1,067,188 |
2.1% |
£1,044,984 |
7.5% |
£972,409 |
|
|
Working Capital |
£396,119 |
-45.5% |
£726,444 |
11.1% |
£653,905 |
5.8% |
£618,121 |
12.7% |
£548,373 |
|
|
Total Assets |
£4,823,949 |
-4.8% |
£5,066,044 |
1.2% |
£5,006,526 |
26.1% |
£3,969,409 |
7.8% |
£3,682,591 |
|
|
Total Liabilities |
£3,842,718 |
-2% |
£3,922,823 |
-0.2% |
£3,930,972 |
34.4% |
£2,924,424 |
7.9% |
£2,710,181 |
|
|
Net Assets |
£981,231 |
-14.2% |
£1,143,221 |
6.3% |
£1,075,554 |
2.9% |
£1,044,985 |
7.5% |
£972,410 |
Cash Flow
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
Net Cashflow from Operations |
£314,334 |
48% |
£212,330 |
177% |
-£275,803 |
-404.1% |
-£54,710 |
-121.3% |
£256,378 |
|
|
Net Cashflow before Financing |
-£20,261 |
-151.4% |
£39,380 |
108.8% |
-£447,172 |
-171.2% |
-£164,862 |
-198.5% |
£167,293 |
|
|
|
Net Cashflow from Financing |
£17,648 |
129.1% |
-£60,737 |
-109.4% |
£643,760 |
999.9% |
-£3,840 |
96.6% |
-£111,448 |
|
|
Increase in Cash |
-£2,613 |
87.8% |
-£21,357 |
-110.9% |
£196,588 |
216.5% |
-£168,702 |
-402.1% |
£55,845 |
Miscellaneous
|
|
Date Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
Capital Employed |
£1,091,467 |
-10.1% |
£1,213,715 |
9% |
£1,113,986 |
2.8% |
£1,083,345 |
6.7% |
£1,014,850 |
|
|
Number of Employees |
66 |
13.8% |
58 |
1.8% |
57 |
16.3% |
49 |
6.5% |
46 |
|
|
Auditors |
WATSON BUCKLE LLP |
||||||||
|
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
|
Bankers |
LLOYDS TSB BANK PLC |
||||||||
|
|
Bank Branch Code |
30-00-05 |
||||||||
Ratios
|
|
Date Of Accounts |
30/04/13 |
30/04/12 |
30/04/11 |
30/04/10 |
30/04/09 |
|
Pre-tax profit margin % |
-1.03 |
0.77 |
0.85 |
0.96 |
1.08 |
|
|
Current ratio |
1.11 |
1.19 |
1.17 |
1.21 |
1.21 |
|
|
Sales/Net Working Capital |
42.66 |
24.28 |
26.02 |
24.98 |
27.84 |
|
|
Gearing % |
120.30 |
104.70 |
110.60 |
66.60 |
51.20 |
|
|
Equity in % |
20.40 |
22.60 |
21.50 |
26.30 |
26.40 |
|
|
Creditor Days |
55.38 |
55.15 |
57.28 |
50.16 |
51.33 |
|
|
Debtor Days |
32.61 |
35.90 |
36.69 |
32.07 |
24.31 |
|
|
Liquidity/Acid Test |
0.45 |
0.49 |
0.48 |
0.49 |
0.39 |
|
|
Return On Capital Employed % |
-15.97 |
11.23 |
12.99 |
13.69 |
16.20 |
|
|
Return On Total Assets Employed % |
-3.61 |
2.69 |
2.89 |
3.73 |
4.46 |
|
|
Current Debt Ratio |
3.80 |
3.36 |
3.61 |
2.76 |
2.74 |
|
|
Total Debt Ratio |
3.91 |
3.43 |
3.65 |
2.79 |
2.78 |
|
|
Stock Turnover Ratio % |
14.44 |
15.17 |
15.70 |
13.35 |
14.11 |
|
|
Return on Net Assets Employed % |
-17.76 |
11.92 |
13.45 |
14.20 |
16.91 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
19/11/2013 |
New Accounts Filed |
|
19/11/2013 |
New Accounts Filed |
|
04/09/2013 |
Annual Returns |
|
24/10/2012 |
New Accounts Filed |
|
24/10/2012 |
New Accounts Filed |
|
10/10/2012 |
Annual Returns |
|
19/04/2012 |
Change of Company Postcode |
|
06/02/2012 |
New Accounts Filed |
|
23/09/2011 |
Change of Company Postcode |
|
26/08/2011 |
Annual Returns |
|
23/11/2010 |
New Accounts Filed |
|
23/11/2010 |
New Accounts Filed |
|
20/09/2010 |
Annual Returns |
|
05/11/2009 |
New Accounts Filed |
|
05/11/2009 |
New Accounts Filed |
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
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: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
07/05/10 |
|
|
|
Date Charge
Registered: |
11/05/10 |
|
|
|
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: |
164 GARNETT STREET BRADFORD,T/NO.WYK112244 & WYK440430 WITH THE
BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS
& WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN
ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM
TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE
AND ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY
& ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THEPROPERTY SEE IMAGE FOR
FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
10/05/10 |
|
|
|
Date Charge
Registered: |
11/05/10 |
|
|
|
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: |
CREDIT APPLICATION |
||
|
Date Charge
Created: |
05/04/89 |
|
|
|
Date Charge
Registered: |
27/04/89 |
|
|
|
Date Charge
Satisfied: |
05/04/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
CLOSE BROTHERS LIMITED. |
||
|
Amount Secured: |
|
||
|
Details: |
ALL ITS RIGHT, TITLE AND INTEREST IN AND TO ALL SUMS PAYABLE...UNDER
THE INSURANCES...(FOR FULL DETAILS INCLUDING PARTICULAERS OF POLICY SEE FORM
395) |
||
|
Mortgage Type: |
SINGLE DEBENTURE |
||
|
Date Charge
Created: |
14/04/86 |
|
|
|
Date Charge Registered: |
21/04/86 |
|
|
|
Date Charge
Satisfied: |
28/06/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
LLOYDS BANK PLC |
||
|
Amount Secured: |
|
||
|
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: |
DEBENTURE |
||
|
Date Charge
Created: |
07/02/78 |
|
|
|
Date Charge
Registered: |
15/02/78 |
|
|
|
Date Charge
Satisfied: |
28/06/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
LLOYDS BANK LTD |
||
|
Amount Secured: |
|
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL. TOGETHER WILL ALL
FIXTURES |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
01/08/77 |
|
|
|
Date Charge
Registered: |
10/08/77 |
|
|
|
Date Charge
Satisfied: |
09/03/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
LLOYDS BANK LTD |
||
|
Amount Secured: |
|
||
|
Details: |
F/H LAND & BUILDINGS AT 164, GARNETT ST. AS SHOWN ON MORTGAGE PLAN
ATTACHED. |
||
Creditor Details
|
|
Total Number |
Total Value |
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
||
Trade Debtors / Bad Debt Detail
|
|
Total Number of Documented Trade |
Total Value of Documented Trade |
||
|
Trade Debtors |
1 |
£12,149 |
||
|
Company Name |
Amount |
Statement Date |
|
|
|
£12,149 |
05/11/2009 |
|
||
Previous Director/Company
Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
0 |
1 |
|
Average Invoice
Value |
£269.96 |
|
Invoices
available |
44 |
|
Paid |
44 |
|
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 |
9 |
27 |
6 |
2 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.58 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.