|
Report Date : |
14.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HOLBUD LIMITED |
|
|
|
|
Registered Office : |
66 Leman Street, London, EI 8EU |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.10.2013 |
|
|
|
|
Date of Incorporation : |
06.09.1977 |
|
|
|
|
Com. Reg. No.: |
01328840 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Considered good
for usual trade commitments |
|
|
|
|
No. of Employees : |
22 [2013] |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
|
HOLBUD LIMITED |
Telephone |
+44 020 7488 4901 |
|
66 Leman Street London E1 8EU, United
Kingdom |
Fax |
-- |
|
|
Website |
|
Company
Number: |
01328840 |
Status: |
Active -
Accounts Filed |
|
Foundation: |
06/09/1977 |
VAT No: |
N/A |
|
|
Payment experience and credit opinion |
|
|
|
Considered good for usual trade Commitments |
|
|
|
|
|
|
|
Comments No exact match CCJs are recorded
against the company. Sales in the latest trading period increased 19.9% on
the previous trading period. A 49.8% growth in Total Assets occurred during the
latest trading period. Pre-tax profits increased by 10.1% compared to the
previous trading period. The company saw an increase in their Cash Balance of
245.6% during the latest trading period. The audit report contains no adverse
comments. Net Worth decreased by 22.2% during the latest trading period. The company
has undergone recent changes in its directorships. The company is part of a
group. The company was established over 36 years ago. |
|
|
Legal form |
|
|
|
|
|
Foundation 06/09/1977 |
|
|
|
|
|
Company No. 01328840 |
|
Shareholders
|
Name |
Currency |
Number of shares |
Share type |
Nominal value |
|
HOLBUD GROUP LIMITED |
GBP |
5,000,000 |
ORDINARY |
1 |
|
Total Share Capital |
|
|
|
GBP 5,000,000 |
Management
|
Directors |
|||||
|
Name |
Address: |
|
Date of
birth |
Nationality |
Appointment date |
|
MrShaukat Akberali Merali |
66 Leman
Street, |
London E1
8EU |
25/04/1960 |
British |
24/05/1992 |
|
MrMahmood Gulamhusein Khaku |
66 Leman
Street, |
London E1
8EU |
15/02/1941 |
British |
24/05/1992 |
|
Mr David
George Rowe |
66 Leman
Street, |
London E1
8EU |
30/04/1941 |
British |
24/05/1992 |
|
Mr Hasnain Roshanali Merali |
66 Leman
Street, |
London E1 8EU |
07/06/1967 |
|
26/03/2014 |
|
Company Secretary |
||
|
Name |
Address: |
Appointment date |
|
|
|
|
|
Mr Bimal
Dharamvir Sabarwal |
66 Leman Street, London E1 8EU |
24/05/1992 |
Other Known Address
66 Leman Street,
London E1 8EU
|
Company No. |
Name |
Status |
Country |
|
Ultimate Parent |
|
|
|
|
08743631 |
HOLBUD GROUP LIMITED |
Active |
United Kingdom |
|
Affiliated
Companies |
|
|
|
|
02703969 |
HOLBUD SHIP MANAGEMENT LIMITED |
Active |
United Kingdom |
|
02938185 |
MERCHANT LAND INVESTMENTS LIMITED |
Active |
United Kingdom |
|
02203567 |
SUGARICE LIMITED |
Active |
United Kingdom |
|
Immediate Parent
|
|
|
|
|
08743631 |
HOLBUD GROUP LIMITED |
Active |
United Kingdom |
Main Activity
Principal Activity Trading
in commodities.
SIC03 Wholesale
of grain, animal feeds
SIC07 Wholesale
of grain, unmanufactured tobacco, seeds and animal feeds
Turnover and Employee
|
Date of Accounts |
Turnover |
Employee |
|
31/10/2011 |
GBP421,386,127 |
29 |
|
31/10/2012 |
GBP
633,308,656 |
30 |
|
31/10/2013 |
GBP
759,526,963 |
22 |
Bank Name Bank
Branch Sort Code
NATIONAL WESTMINSTER BANK PLC
Auditor name
DEITCH COOPER LLP
Events
Company History
|
Date |
Action |
|
07/06/2010 |
Annual Returns |
|
07/08/2010 |
New Accounts Filed |
|
07/08/2010 |
New Accounts Filed |
|
20/05/2011 |
Annual Returns |
|
09/08/2011 |
New Accounts Filed |
|
09/08/2011 |
New Accounts Filed |
|
18/05/2012 |
Annual Returns |
|
02/08/2012 |
New Accounts Filed |
|
02/08/2012 |
New Accounts Filed |
|
17/05/2013 |
Annual Returns |
|
09/07/2013 |
New Accounts Filed |
|
09/07/2013 |
New Accounts Filed |
|
31/03/2014 |
New Board Member Mr H.R. Merali appointed |
|
17/05/2014 |
Annual Returns |
|
06/08/2014 |
New Accounts Filed |
|
Charge created |
30/08/1983 |
|
Charge registered |
08/09/1983 |
|
Status |
SATISFIED |
|
Entitled
person |
NATIONAL WESTMINSTER BANK
PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL MONEYS
FROM TIME TO TIME HELD TO THE CREDIT
OF THE COMPANY
BY THE BANK ON ANY CURRENT DEPOSIT AND/OR OTHER ACCOUNTSWHICH THE COMPANY
MAY NOW AND/OR
HEREAFTER HAVE WITH NATIONAL WESTMINSTER BANK PLC ON AN ACCOUNT
OR ACCOUNTS EARMARKED AND THE COMPANY AND/OR UNDER
ANY DEPOSIT RECEIPT |
|
|
|
|
Charge created |
02/03/1984 |
|
Charge registered |
15/03/1984 |
|
Status |
SATISFIED |
|
Entitled
person |
HAMBROS BANK LIMITED |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL STOCKS SHARES
AND OTHER SECURITIES ALL
PATENT APPLICATIONS AND TRADE MARKS ETC (SEE DOC M22 OF OR FURTHER DETAILS) FIXED
AND FLOAT- ING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPI- TAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
|
|
|
Charge created |
23/07/1985 |
|
Charge registered |
30/07/1985 |
|
Status |
SATISFIED |
|
Entitled
person |
HAMBROS BANK LIMITED |
|
Secured amount |
FOR FURTHER SECURING
ALL MONIES DUE OR TO BECOME
DUE FROM RAYNVILLE SHIPPING CORPORATION S.A. TO THE CHARGEE UNDER
THE TERMS OF A FACILITY LETTER DATED 23/7/85AND THE BRIDGING LOAN SECURITY DOC- UMENTS AS DEFINED THEREIN |
|
Mortgage
detail |
ALL THE COMPANYS RIGHTS TITLES,
BENEFITS AND INTEREST IN ALL SUMS PAYABLE PURSUANT TO A LETTER OF CREDIT DATED 10/7/85
2) THE SUM OF US $80491.95 DEPOSITED IN THE JOINT ACCOUNT OF THE
COMPANY AND ECK- HARDT MARINE GMBH
(SEE DOC M24) |
|
|
|
|
Charge created |
23/07/1985 |
|
Charge registered |
30/07/1985 |
|
Status |
SATISFIED |
|
Entitled
person |
HAMBROS BANK LIMITED |
|
Secured amount |
FOR FURTHER SECURING US |
|
Mortgage
detail |
ALL THE COMPANY§RIGHTS,
TITLE INTEREST AND BENEFIT IN THE EARNINGS AND REQUISITION COMPENSATION (AS DEFINED IN THE SECOND
EARNINGS ASSIGNMENT) OF THE COMPANYS VESSELS
”MINA” ”MACCA”
AND ”AL MED- INA”,(SEE DOC M23) |
|
|
|
|
Charge created |
19/06/1986 |
|
Charge registered |
08/07/1986 |
|
Status |
OUTSTANDING |
|
Entitled
person |
NATIONAL WESTMINSTER BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
66 LEMAN STREET
LONDON E1 L/B TOWER
HAMLETS TITLE NO 268464 AND THE PROCEEDS OFSALE THEREOF FLOATING CHARGE
OVER ALL MOVEABLE
PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT |
|
|
|
|
Charge created |
28/07/1986 |
|
Charge registered |
06/08/1986 |
|
Status |
SATISFIED |
|
Entitled
person |
NATIONAL WESTMINSTER BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
AS SPECIFIC EQUITABLE CHARGE
OVER ALL F/H AND L/H PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOFFIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE IN- CLUDING GOODWILL BOOKDEBTS |
|
|
|
|
Charge created |
28/08/1986 |
|
Charge registered |
29/08/1986 |
|
Status |
SATISFIED |
|
Entitled
person |
CANARA BANK |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM RAYNVILLE SHIPPING CORPORA- TION SA UNDER THE TERMS OF THE SECURITY
DOCUMENTS AND FROM THE COMPANY
UNDER THE TERMS
OF THE GUARANTEE TO THE CHARGEE. |
|
Mortgage
detail |
ALL THE COMPANYS RIGHTS
TITLES BENEFITSAND INTEREST
IN ALL MONIES PAYABLE UNDER
A MANAGEMENT AGREEMENT DATED 15/4/85
PURSUANT TO WHICH THE COMPANY
HAS BEEN APPOINTED MANAGER OF THE SAID VESSEL IN ANY
CLAIMS FOR DAMAGES ETC |
|
|
|
|
Charge created |
14/08/1987 |
|
Charge registered |
19/08/1987 |
|
Status |
OUTSTANDING |
|
Entitled
person |
ALLIED ARAB BANK
LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
31 DRAYCOTT PLACE LONDON
SW3 |
|
|
|
|
Charge created |
30/07/1993 |
|
Charge registered |
04/08/1993 |
|
Status |
SATISFIED |
|
Entitled
person |
LOMBARD
NORTH CENTRAL PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
F/H PROPERTY
K/A 11 AND 12 APPOLD
STREET L/B OF HACKNEY
T/NO LN140033 AND LN42727 WITH A FLOATING CHARGE
OVER ALL MOVEABLE
PLANT MACHIN- ERY IMPLEMENTS UTENSILS FURNITURE AND
EQUIPMENT |
|
Charge created |
25/11/1997 |
|
Charge registered |
26/11/1997 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BELGOLAISE
SA |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL GOODS DELIVERED BY THE COMPANY OR ON THE COMPANY§BEHALF
INTO THE BANK§POSSESSION OR INTO THE POSSESSION OF THE BANK§AGENTS
ON ITS BEHALF
AND UPON ALLBILLS OF LADING, DOCK OR WAREHOUSE WAR- RANTS,
POLICIES OF INSURANCE, DELIVERY ORDERS
AND ALL OTHER DOCU- MENTS OF TITLE
AND SECURITIES |
|
|
|
|
Charge created |
23/01/1998 |
|
Charge registered |
28/01/1998 |
|
Status |
OUTSTANDING |
|
Entitled
person |
CREDIT LYONNAIS |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE
FROM THE COMPANY TO THE CHARGEE |
|
Mortgage
detail |
ALL SHARES STOCKS BONDS
DEBENTURES AND ALL BILLS
OF EXCHANGE PROMISSORY NOTES CERTIFICATES OF DEPOSIT AND ALL NEGOTIABLE IN- STRUMENTS OF ANY DESCRIPTION AND ALLOTHER SECURITIES OF ANY KIND |
|
|
|
|
Charge created |
22/05/1998 |
|
Charge registered |
30/05/1998 |
|
Status |
OUTSTANDING |
|
Entitled
person |
CREDIT SUISSE FIRST
BOSTON |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
AS SECURITY FOR THE PAYMENT AND DISCHARGE OF THE SECURED
SUMS THE CHARGOR AS BENEFICIAL OWNER CHARGES AND AGREES
TO CHARGE THE CHARGED ASSETS
(AS DEFINED). SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
04/01/1999 |
|
Charge registered |
07/01/1999 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BHF-BANK
AG |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL GOODS AND PRODUCE
DELIVERED INTO THE POSSESSION OF THE BANK ALL BILLS OF LADING RECEIPTS OR OTHER
DOCUMENTS RELATING TO THE GOODS AND THE PROCEEDS OF SALE SEE THE MORTGAGE CHARGE DOCU- MENT FOR FULL DETAILS |
|
|
|
|
Charge created |
06/07/1999 |
|
Charge registered |
15/07/1999 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BELGOLAISE
SA |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL GOODS WHICH
ARE NOW OR SHALL HEREAFTER BE DELIVERED BY THE CONPANY
OR ON THE COMPANYS BEHALF INTO THE BANKS POSSESSION OR INTO THE POSSESSION OF THE BANKS
AGENTS ON ITS BEHALF
AND UPON ALL BILLS
OF LADING, DOCK OR WAREHOUSE WARRANTS, POLICIES OF INSUR- ANCE, DELIVERY ORDERS
AND ALL OTHER DOCUMENTS OF TITLE AND SECU- RITIES WHATSOEVER WHICH
ARE NOW OR WHICH
SHALL HEREAFTER BE DE- POSITED BY THE COMPANY WITH THE BANK
AS SECURITY FOR PAYMENT. |
|
|
|
|
Charge created |
10/07/2001 |
|
Charge registered |
27/07/2001 |
|
Status |
OUTSTANDING |
|
Entitled
person |
STANDARD CHARTERED BANK |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE
FROM THE COMPANY TO THE CHARGEE |
|
Mortgage
detail |
A PLEDGE UPON ALL NEGOTIABLE INSTRUMENTS AND ALL GOODS
OR PRO- DUCE OR THE DOCUMENTS OF TITLE
AND ALL POLICIES AND CERTIFICATES OF INSURANCE RELATING THERETO NOWOR AT ANY TIME HEREAFTER IN THE POS- SESSION OR CONSTRUCTIVE POSSESSION OF THE BANK OR ITS AGENTS OR NOMINEES THERE SHALLBE
ASSIGNED TO THE BANK ANY RIGHT
OR ENTIITLE- MENT OF THE CUSTOMER OT
OBTAIN DELIVERY
OR POSSESSION OF THE MER- CHANDISE FROM ANY THIRD
PARTY AND THE PROCEEDS OF ALL LETTERS
OF INDEMNITY GUARANTEES OR OTHER ASSURANCES AGAINST FINANCIAL LOSS ISSUED. |
|
|
|
|
Charge created |
02/10/2001 |
|
Charge registered |
03/10/2001 |
|
Status |
OUTSTANDING |
|
Entitled
person |
ING BANK N.V.LONDON BRANCH |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL GOODS AND PRODUCE
DELIVERED,ALL BILLS
OF LADING,RECEIPTS OR OTHER DOCUMENTSAND PROCEEDS OF SALE THEREOF; ALL CONTRACTS WITH RESPECT TO ANY GOODS FINANCED BY THE BANK INCLUDING LETTERS OF CREDIT,GUARANTEES AND CONTRACTS OF INSURANCE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
04/11/2002 |
|
Charge registered |
08/11/2002 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BNP PARIBAS
ACTING THROUGH ITS LONDON BRANCH |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL THE RIGHT, TITLE
AND INTEREST OF THE COMPANY IN AND TO: (A) ALL AGREEMENTS PRESENT AND FUTURE, WHETHER ORAL OR IN WRITING, (B)
ALL GUARANTEES AND SECURITY PRESENT AND FUTURE, (C) ALL INSURANCES; SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
04/11/2002 |
|
Charge registered |
08/11/2002 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BNP PARIBAS
ACTING THROUGH ITS LONDON BRANCH |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
BY WAY OF FIRST
FIXED CHARGE
THE DEPOSIT, NOW OR AT ANY TIME HERE- AFTER DUE OWING OR INCURRED FROM OR BY THE
DEPOSITOR TO THE BANK ON ANY ACCOUNT WHATSOEVER |
|
|
|
|
Charge created |
12/11/2002 |
|
Charge registered |
29/11/2002 |
|
Status |
OUTSTANDING |
|
Entitled
person |
CREDIT AGRICOLE INDOSUEZ (SUISSE) SA |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE |
|
Mortgage
detail |
ALL THE COMPANY§RIGHTS,
TITLE AND INTEREST IN AND TO (WHATEVER THE ORIGIN, FOUNDATION OR NATURE
OF THE CLAIMS): (A) ANY GOODS
WHICH, FOR WHATEVER REASON, AREAT THE DATE OF THE PLEDGE
AND ASSIGNMENT, OR WILL IN THE FUTURE
BE, IN THE BANK§DIRECT OR INDIRECT POSSESSION, (B) ANY CLAIMS ARISING FROM THE
SALE OF THE GOODS
PLEDGED (C) ALL
CLAIMS ARISING OR TOARISE
FROM THE SALE OF GOODS FINANCED BY THE BANK;
SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
15/11/2002 |
|
Charge registered |
26/11/2002 |
|
Status |
OUTSTANDING |
|
Entitled
person |
THE GOVERNOR
AND COMPANY OF THE BANK OF SCOTLAND |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER UNDER
THE TERMS OF THE AFOREMEN- TIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE PLEDGED PROPERTY SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
30/12/2002 |
|
Charge registered |
15/01/2003 |
|
Status |
OUTSTANDING |
|
Entitled
person |
SOCIETE
GENERALE |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL GOODS OR PRODUCE
SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
25/06/2007 |
|
Charge registered |
04/07/2007 |
|
Status |
OUTSTANDING |
|
Entitled
person |
SUMITOMO MITSUI BANKING CORPORATION EUROPE LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
GOODS WHICH ARE
REPRESENTED BY DOCUMENTS WHICH HAVE
BEEN OR WILL BE DELIVERED TO SUMITOMO MITSUI
BANKING CORPORATION EUROPE LIMITED AND
ALL GOODS AND BILLS OF LADING WARRANTS DELIVERY ORDERS WAREHOUSE KEEPERS
CERTIFICATES OR RECEIPTS AND ALL DOCUMENTS OF TITLE SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
18/11/2008 |
|
Charge registered |
29/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BANQUE CANTONALE VAUDOISE |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
FIXED CHARGE OVER ALL ITS RIGHTS,TITLE AND INTEREST IN AND TO (I) ASSIGNED RECEIVABLES (II) ALL AMOUNTS,CREDITS OR OTHER ASSETS OR RIGHTS HELD BY THE BANK
SEE IMAGE FOR FULL
DETAILS |
|
|
|
|
Charge created |
02/03/2009 |
|
Charge registered |
07/03/2009 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BANQUE CANTONALE DE GENEVE |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE
FROM THE COMPANY TO THE CHARGEE |
|
Mortgage
detail |
ALL PAPER SECURITIES STOCKS BONDS
COUPONS OF PAPER SECURITIES IN- CLUDING ALL RIGHTS
SAVINGS ACCOUNT BOOKS DEPOSIT ACCOUNT BOOKS IN PRESENT OR FUTURE POSSESION OF THE CHARGEE
SEE IMAGE FOR FULL DETAILS |
|
|
|
|
Charge created |
02/03/2009 |
|
Charge registered |
07/03/2009 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BANQUE CANTONALE DE GENEVE |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE
FROM THE COMPANY TO THE CHARGEE |
|
Mortgage
detail |
ALL GOODS WITHOUT
EXCEPTION HELD AT PRESENT
OR IN FUTURE BY THE CHARGEE ANYWHERE IN THE CHARGEES
NAME OR AT ITS DISPOSAL SEE IM- AGE FOR FULL
DETAILS |
|
|
|
|
Charge created |
02/03/2009 |
|
Charge registered |
07/03/2009 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BANQUE CANTONALE DE GENEVE |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL RECEIVABLES MEANING ALL MONEYS
DUE OR OWING TO THE COMPANY UNDER ANY CONTRACT SEE IMAGE
FOR FULL DETAILS |
|
|
|
|
Charge created |
02/03/2009 |
|
Charge registered |
07/03/2009 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BANQUE CANTONALE DE GENEVE |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL NEGOTIABLE INSTRUMENTS AND ALL PRODUCE AND GOODS AND ALL BILLS OF LADING WARRANTS DELIVERY ORDERS
WHARFINGERS OR OTHER WARE- HOUSE KEEPERS
CERTIFICATES SEE IMAGE
FOR FULL DETAILS |
|
|
|
|
Charge created |
02/03/2009 |
|
Charge registered |
07/03/2009 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BANQUE CANTONALE DE GENEVE |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage
detail |
ALL PRODUCE
AND GOODS AND ALL BILLS OF EXCHANGE
DRAWN ACCEPTED OR ENDORSED BY THE COMPANY SEE IMAGE FOR
FULL DETAILS |
|
|
|
|
Charge created |
03/03/2010 |
|
Charge registered |
05/03/2010 |
|
Status |
OUTSTANDING |
|
Entitled
person |
STANDARD CHARTERED BANK |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE BORROWER TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER UNDER THE TERMS OF THE AFOREMEN- TIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
ALL THE SECURITY CREATED UNDER
THE SECURITY AGREEMENT WITH FULL TITLE GUARANTEEIN ACCORDANCE WITH THE LAW OF PROPERTY
ACT 1994 SEE IMAGE FOR FULL DETAILS |
|
|
|
|
Charge created |
03/03/2010 |
|
Charge registered |
05/03/2010 |
|
Status |
OUTSTANDING |
|
Entitled
person |
STANDARD CHARTERED BANK |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE BORROWER TO THE CHARGEE ON ANY ACCOUNTWHATSOEVER UNDER THE TERMS OF THE AFOREMEN- TIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
ALL THE SECURITY CREATED UNDER
THE SECURITY AGREEMENT WITH FULL TITLE GUARANTEEIN ACCORDANCE WITH THE LAW OF PROPERTY
ACT 1994 SEE IMAGE FOR FULL DETAILS |
|
|
|
|
Charge created |
25/05/2011 |
|
Charge registered |
02/06/2011 |
|
Status |
OUTSTANDING |
|
Entitled
person |
STANDARD CHARTERED BANK |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE |
|
Mortgage
detail |
PLEDGE UPON ALL NEGOTIABLE INSTRUMENTS AND ALL GOOD OR PRODUCE OR THE
DOCUMENTSOF TITLE AND
ALL POLICIES AND
CERTIFICATES OF INSUR- ANCE SEE IMAGE FOR FULL DETAILS |
|
|
|
|
Charge created |
25/05/2011 |
|
Charge registered |
02/06/2011 |
|
Status |
OUTSTANDING |
|
Entitled
person |
STANDARD CHARTERED BANK |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE |
|
Mortgage
detail |
ALL OF ITS RIGHTS IN RESPECT OF THE CONTRACTS SEE IMAGE FOR FULL DETAILS |
|
|
|
|
Charge created |
28/11/2011 |
|
Charge registered |
30/11/2011 |
|
Status |
OUTSTANDING |
|
Entitled
person |
STANDARD CHARTERED BANK |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE |
|
Mortgage
detail |
PLEDGE UPON ALL NEGOTIABLE INSTRUMENTS AND ALL GOOD OR PRODUCE OR THE
DOCUMENTSOF TITLE AND
ALL POLICIES AND
CERTIFICATES OF INSUR- ANCE SEE IMAGE FOR FULL DETAILS |
|
|
|
|
Charge created |
28/11/2011 |
|
Charge registered |
30/11/2011 |
|
Status |
OUTSTANDING |
|
Entitled
person |
STANDARD CHARTERED BANK |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER UNDER
THE TERMS OF THE AFOREMEN- TIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
ALL OF ITS RIGHTS IN RESPECT OF THE CONTRACTS SEE IMAGE FOR FULL DETAILS |
|
|
|
County Court Judgment (CCJs)
There are no County Court Judgments listed
against this company
Profit & Loss
|
|
52 GBP Group: No |
31/10/2012 52 GBP Group: Yes |
31/10/2011 52 GBP Group: Yes |
31/10/2010 52 GBP Group: Yes |
|
Turnover |
759,526,963 |
633,308,656 |
421,386,127 |
524,161,685 |
|
Export |
0 |
- |
- |
- |
|
Cost of Sales |
748,072,726 |
624,579,228 |
415,683,729 |
515,838,006 |
|
|
31/10/2013 52 GBP Group: No |
31/10/2012 52 GBP Group: Yes |
31/10/2011 52 GBP Group: Yes |
31/10/2010 52 GBP Group: Yes |
|
Gross Profit |
11,454,237 |
8,729,428 |
5,702,398 |
8,323,679 |
|
Wages And Salaries |
1,037,719 |
1,503,401 |
1,433,851 |
2,096,351 |
|
Directors
Emoluments |
75,000 |
113,000 |
113,000 |
113,000 |
|
Operating
Profit |
7,690,009 |
7,670,563 |
3,828,883 |
5,789,212 |
|
Depreciation |
75,409 |
77,845 |
84,429 |
81,237 |
|
Audit Fees |
34,000 |
51,000 |
43,000 |
50,500 |
|
Interests
Payments |
1,170,907 |
1,787,046 |
2,032,595 |
1,817,395 |
|
Pre Tax Profit |
6,520,342 |
5,921,726 |
1,810,146 |
3,978,283 |
|
Taxation |
-1,400,698 |
-1,499,017 |
-912,758 |
-1,559,917 |
|
Profit After Tax |
5,119,644 |
4,422,709 |
897,388 |
2,418,366 |
|
Dividends
Payable |
202 |
0 |
0 |
0 |
|
Retained
Profit |
5,119,442 |
4,422,709 |
897,388 |
2,418,366 |
Balance Sheet
|
|
52 GBP Group: No |
31/10/2012 52 GBP Group: Yes |
31/10/2011 52 GBP Group: Yes |
31/10/2010 52 GBP Group: Yes |
|
Tangible Assets |
882,406 |
24,143,066 |
26,638,868 |
30,500,662 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
882,406 |
24,143,066 |
26,638,868 |
30,500,662 |
|
Stock |
109,420,958 |
50,651,165 |
50,472,874 |
6,532,223 |
|
Trade Debtors |
61,836,707 |
59,948,216 |
69,984,843 |
73,808,715 |
|
Cash |
39,371,281 |
11,391,548 |
23,876,389 |
18,933,764 |
|
Other Debtors |
8,525,088 |
703,846 |
737,532 |
2,119,334 |
|
Miscellaneous Current Assets |
0 |
30,960 |
32,826 |
35,849 |
|
Total Current Assets |
219,154,034 |
122,725,735 |
145,104,464 |
101,429,885 |
|
Trade Creditors |
77,274,465 |
38,552,183 |
55,956,912 |
40,352,194 |
|
Bank Loans and Overdraft |
79,930,359 |
61,184,730 |
72,365,324 |
45,453,463 |
|
Other Short
Term Finance |
2,360,455 |
0 |
5,144 |
12,046 |
|
Miscellaneous Current Liabilities |
27,618,041 |
4,877,038 |
3,118,355 |
6,592,965 |
|
Total Current Liabilities |
187,183,320 |
104,613,951 |
131,445,735 |
92,410,668 |
|
Bank Loans and Overdrafts LTL |
80,145,359 |
61,498,117 |
72,687,114 |
45,788,522 |
|
Other Long Term Finance |
0 |
0 |
0 |
5,144 |
|
Total Long Term Liabilities |
215,000 |
313,387 |
321,790 |
335,059 |
Capital and Reserves
|
|
52 GBP Group: No |
31/10/2012 52 GBP Group: Yes |
31/10/2011 52 GBP Group: Yes |
31/10/2010 52 GBP Group: Yes |
|
Called Up Share
Capital |
5,000,000 |
5,000,000 |
5,000,000 |
5,000,000 |
|
P and L Account Reserve |
27,102,215 |
31,851,378 |
27,312,345 |
24,491,440 |
|
Revaluation Reserve |
535,905 |
5,090,085 |
7,663,462 |
9,693,380 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
32,638,120 |
41,941,463 |
39,975,807 |
39,184,820 |
Other Financial Items
|
|
52 GBP Group: No |
31/10/2012 52 GBP Group: Yes |
31/10/2011 52 GBP Group: Yes |
31/10/2010 52 GBP Group: Yes |
|
Net Worth |
32,638,120 |
41,941,463 |
39,975,807 |
39,184,820 |
|
Working Capital |
31,970,714 |
18,111,784 |
13,658,729 |
9,019,217 |
|
Total Assets |
220,036,440 |
146,868,801 |
171,743,332 |
131,930,547 |
|
Total Liabilities |
187,398,320 |
104,927,338 |
131,767,525 |
92,745,727 |
|
Net Assets |
32,638,120 |
41,941,463 |
39,975,807 |
39,184,820 |
Cash Flow
|
|
52 GBP Group: No |
31/10/2012 52 GBP Group: Yes |
31/10/2011 52 GBP Group: Yes |
31/10/2010 52 GBP Group: Yes |
|
Net Cash Flow from
Operations |
0 |
741,088 |
-21,716,708 |
1,022,798 |
|
Net Cash Flow before Financing |
0 |
-1,299,103 |
-21,957,190 |
-1,990,706 |
|
Net Cash Flow from
Financing |
0 |
-690,280 |
-137,052 |
-11,624 |
|
Increase
in Cash |
27,979,733 |
-12,484,841 |
4,942,625 |
-2,688,651 |
Miscellaneous
|
|
52 GBP Group: No |
31/10/2012 52 GBP Group: Yes |
31/10/2011 52 GBP Group: Yes |
31/10/2010 52 GBP Group: Yes |
|
Capital
Employed |
32,853,120 |
42,254,850 |
40,297,597 |
39,519,879 |
Financial Ratios
|
Name |
31/10/2013 |
31/10/2012 |
31/10/2011 |
31/10/2010 |
|
Pre Tax Profit Margin |
0.86 % |
0.94 % |
0.43 % |
0.76 % |
|
Current
Ration |
1.17 |
1.17 |
1.10 |
1.10 |
|
Sales or Net Working
Capital |
23.76 |
34.97 |
30.85 |
58.12 |
|
Gearing |
245.56 % |
146.63 % |
181.83 % |
116.85 % |
|
Equity |
14.83 % |
28.56 % |
23.28 % |
29.70 % |
|
Creditor
Days |
37.03 |
22.15 |
48.33 |
28.02 |
|
Debtor Days |
29.63 |
34.45 |
60.45 |
51.25 |
|
Liquidity
or Acid test |
0.58 |
0.68 |
0.71 |
1.02 |
|
Return on Capital
Employed |
19.84 % |
14.01 % |
4.49 % |
10.06 % |
|
Return on Total Assets Employed |
2.96 % |
4.03 % |
1.05 % |
3.01 % |
|
Current Debt Ratio |
5.73 % |
2.49 % |
3.28 % |
2.35 % |
|
Total Debt Ratio |
5.74 % |
2.50 % |
3.29 % |
2.36 % |
|
Stock Turnover Ratio |
14.40 % |
7.99 % |
11.97 % |
1.24 % |
|
Return on Net
Assets Employed |
19.97 % |
14.11 % |
4.52 % |
10.15 % |
Achieving high levels of turnover and profitability. The general
financial position seems to be in order and good reserves have been built up.
Company should continue to trade well for the foreseeable future.
Next accounts due to be filled 31/07/2015
Activity: Shipping Agents
Trading Address: 66 Leman St, London E1 8EU
Branches: None
Employees: 22
Bank: National Westminster Bank PLC
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.76.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.