MIRA INFORM REPORT
REVISED REPORT
|
Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
FREEWORLD
TRADING LIMITED |
|
|
|
|
Registered Office : |
21
Annandale Street Edinburgh Midlothian EH7 4AW |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
23.03.1995 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
19 |
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 |
REGISTERED NAME & COMPANY SUMMARY
FREEWORLD TRADING LIMITED
Company
Summary
|
Registered Address |
21
ANNANDALE STREET EDINBURGH EH7 4AW |
Trading Address |
21 Annandale Street Edinburgh Midlothian EH7 4AW |
|
Website Address |
Telephone Number |
01315575600 |
|
|
Fax Number |
|
TPS |
Yes |
|
FPS |
No |
Incorporate Date |
23/03/1995 |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
FTSE Index |
-- |
Date of Change |
-- |
|
Filing Date of Accounts |
11/11/2013 |
Currency |
GBP |
|
Share Capital |
£1,000 |
SIC07 |
46110 |
|
Charity Number |
-- |
SIC07 Description |
AGENTS
SELLING AGRICULTURAL RAW MATERIALS, LIVESTOCK, TEXTILE RAW MATERIALS AND SEMI-FINISHED GOODS |
|
Principal Activity |
Trading in agricultural commodities |
|
|
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Sanjoy Das |
Date of Birth |
27/04/1956 |
|
Officers Title |
Dr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
23/03/1995 |
|
|
|
Address |
33 East Trinity Road, Edinburgh, EH5 3DL |
||
|
Name |
Hiroshi Kiriyama |
Date of Birth |
03/05/1966 |
|
Officers Title |
Mr |
Nationality |
Japanese |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
28/11/2006 |
|
|
|
Address |
31 Waggon Road, Brightons, Falkirk, Stirlingshire, FK2 0EL |
||
Current Company
Secretary
|
Name |
Mandeep Das |
Date of Birth |
- |
|
Officers Title |
|
Nationality |
British |
|
Present Appointments |
3 |
Function |
Company Secretary |
|
Appointment Date |
23/03/1995 |
|
|
|
Address |
33 East Trinity Road, Edinburgh, EH5 3DL |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
David Christopher Cooper |
1 |
1 |
|
ALEXANDERS BUSINESS SERVICES LTD |
20 |
197 |
|
ALEXANDERS BUSINESS PRESS LTD |
20 |
245 |
NEGATIVE
INFORMATION
Mortgage Summary
Total Mortgage 9
Outstanding 3
Satisfied 6
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 2
Total Value of Documented Trade £25,796
CCJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
|
Mortgage Details
|
Mortgage Type: |
DEED OF CHARGE OVER DEBTORS |
||
|
Date Charge Created: |
27/04/11 |
|
|
|
Date Charge Registered: |
05/05/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Details: |
FULL TITLE GUARANTEE CHARGES IN FAVOUR OF THE BANK ALL NON VESTING DEBTS NOW ORIN THE FUTURE (PLEASESEE FORM) |
||
|
Mortgage Type: |
STANDARD SECURITY |
||
|
Date Charge Created: |
01/04/10 |
|
|
|
Date Charge Registered: |
21/04/10 |
|
|
|
Date Charge Satisfied: |
16/09/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
33 EAST TRINITY ROAD (FORMERLY 2 LIXMOUNT VILLAS) EDINBURGH |
||
|
Mortgage Type: |
FLOATING CHARGE |
||
|
Date Charge Created: |
26/10/09 |
|
|
|
Date Charge Registered: |
31/10/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Details: |
UNDERTAKING & ALL PROPERTY & ASSETS PRESENT & FUTURE, INCLUDING UNCALLED CAPITAL |
||
|
Mortgage Type: |
FLOATING CHARGE |
||
|
Date Charge Created: |
05/10/09 |
|
|
|
Date Charge Registered: |
24/10/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Details: |
UNDERTAKING & ALL PROPERTY & ASSETS PRESENT & FUTURE, INCLUDING UNCALLED CAPITAL |
||
|
Mortgage Type: |
FLOATING CHARGE |
||
|
Date Charge Created: |
17/07/08 |
|
|
|
Date Charge Registered: |
01/08/08 |
|
|
|
Date Charge Satisfied: |
12/02/10 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
RBS INVOICE FINANCE LIMITED |
||
|
Amount Secured: |
|
||
|
Details: |
UNDERTAKING & ALL PROPERTY & ASSETS PRESENT & FUTURE, INCLUDING UNCALLED CAPITAL |
||
|
Mortgage Type: |
STANDARD SECURITY |
||
|
Date Charge Created: |
07/03/05 |
|
|
|
Date Charge Registered: |
12/03/05 |
|
|
|
Date Charge Satisfied: |
16/02/10 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
THE ROYAL BANK OF SCOTLAND PLC |
||
|
Amount Secured: |
|
||
|
Details: |
21 ANNANDALE STREET, EDINBURGH |
||
|
Mortgage Type: |
BOND & FLOATING CHARGE |
||
|
Date Charge Created: |
27/09/02 |
|
|
|
Date Charge Registered: |
15/10/02 |
|
|
|
Date Charge Satisfied: |
19/01/10 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
THE ROYAL BANK OF SCOTLAND PLC |
||
|
Amount Secured: |
|
||
|
Details: |
UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL |
||
|
Mortgage Type: |
BOND & FLOATING CHARGE |
||
|
Date Charge Created: |
15/07/98 |
|
|
|
Date Charge Registered: |
21/07/98 |
|
|
|
Date Charge Satisfied: |
14/08/04 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
TSB BANK SCOTLAND PLC |
||
|
Amount Secured: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Details: |
UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING UNCALLED CAPITAL |
||
|
Mortgage Type: |
BOND & FLOATING CHARGE |
||
|
Date Charge Created: |
20/07/95 |
|
|
|
Date Charge Registered: |
24/07/95 |
|
|
|
Date Charge Satisfied: |
29/01/01 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
||
|
Amount Secured: |
ALL SUMS DUE OR TO BECOME DUE |
||
|
Details: |
THE WHOLE ASSETS OF THE COMPANY |
||
SHARE & SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
MANDEEP DAS |
GBP |
500 |
ORDINARY |
1 |
50 |
|
DR SANJOY DAS |
GBP |
500 |
ORDINARY |
1 |
50 |
PAYMENT
INFORMATION
|
Average Invoice Value |
£510.65 |
|
Invoices available |
50 |
|
Paid |
49 |
|
Outstanding |
1 |
|
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 |
23 |
19 |
3 |
1 |
3 |
|
Outstanding |
0 |
0 |
0 |
0 |
1 |
GROUP STRUCTURE & AFFILIATED COMPANIES
Group structure
|
FINANCIAL
INFORMATION
%2027-Oct-2014_files/image002.jpg)
Profit & Loss
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£71,397,449 |
-0.3% |
£71,578,399 |
51.6% |
£47,207,159 |
28.1% |
£36,863,393 |
12.6% |
£32,746,739 |
|
Export |
£28,038,536 |
20.4% |
£23,289,562 |
49.5% |
£15,578,362 |
- |
- |
- |
- |
|
Cost of Sales |
£68,668,114 |
-0.1% |
£68,770,013 |
58% |
£43,520,434 |
28.4% |
£33,888,765 |
8.9% |
£31,109,069 |
|
Gross Profit |
£2,729,335 |
-2.8% |
£2,808,386 |
-23.8% |
£3,686,725 |
23.9% |
£2,974,628 |
81.6% |
£1,637,670 |
|
Wages & Salaries |
£676,873 |
-9.4% |
£746,755 |
-48.6% |
£1,452,075 |
120.6% |
£658,140 |
10.3% |
£596,447 |
|
Directors Emoluments |
£78,617 |
-40.9% |
£133,000 |
-78.8% |
£628,000 |
441.4% |
£116,000 |
1.5% |
£114,317 |
|
Operating Profit |
£1,450,540 |
-5% |
£1,526,746 |
-19.6% |
£1,898,556 |
61.9% |
£1,172,682 |
58.1% |
£741,655 |
|
Depreciation |
- |
- |
- |
-100% |
£2,994 |
199.4% |
£1,000 |
-24.9% |
£1,331 |
|
Audit Fees |
£9,000 |
7.1% |
£8,400 |
5% |
£8,000 |
8.8% |
£7,350 |
22.5% |
£6,000 |
|
Interest Payments |
£152,708 |
-14.2% |
£177,951 |
65.4% |
£107,580 |
-25.9% |
£145,280 |
-35.1% |
£224,009 |
|
Pre Tax Profit |
£1,299,327 |
-3.7% |
£1,349,791 |
-24.7% |
£1,791,727 |
74.4% |
£1,027,437 |
88.3% |
£545,571 |
|
Taxation |
-£308,670 |
10.4% |
-£344,516 |
30.2% |
-£493,516 |
-71% |
-£288,538 |
-92.6% |
-£149,843 |
|
Profit After Tax |
£990,657 |
-1.5% |
£1,005,275 |
-22.6% |
£1,298,211 |
75.7% |
£738,899 |
86.7% |
£395,728 |
|
Dividends Payable |
£82,436 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£908,221 |
-9.7% |
£1,005,275 |
-22.6% |
£1,298,211 |
75.7% |
£738,899 |
86.7% |
£395,728 |
Balance Sheet
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Tangible Assets |
0 |
-100% |
£556 |
-92.3% |
£7,222 |
-81.3% |
£38,645 |
127.4% |
£16,994 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
0 |
-100% |
£556 |
-92.3% |
£7,222 |
-81.3% |
£38,645 |
127.4% |
£16,994 |
|
Stock |
£6,254,714 |
45.5% |
£4,298,291 |
-34.7% |
£6,583,288 |
60.8% |
£4,095,002 |
65.1% |
£2,479,804 |
|
Trade Debtors |
£9,918,105 |
9.9% |
£9,021,993 |
29.5% |
£6,969,333 |
33.2% |
£5,232,073 |
-12.9% |
£6,004,545 |
|
Cash |
£11,133,019 |
10.1% |
£10,112,685 |
545.9% |
£1,565,724 |
42.9% |
£1,095,795 |
405.4% |
£216,823 |
|
Other Debtors |
£162,974 |
10.5% |
£147,475 |
117.6% |
£67,770 |
47.1% |
£46,058 |
-27.1% |
£63,144 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£27,468,812 |
16.5% |
£23,580,444 |
55.3% |
£15,186,115 |
45.1% |
£10,468,928 |
19.4% |
£8,764,316 |
|
Trade Creditors |
£4,071,332 |
2.9% |
£3,957,000 |
-22.1% |
£5,081,162 |
37.7% |
£3,690,908 |
18.6% |
£3,110,957 |
|
Bank Loans & Overdrafts |
£10,250,355 |
11.4% |
£9,197,852 |
546.1% |
£1,423,536 |
80.7% |
£787,951 |
999.9% |
£52,028 |
|
Other Short Term Finance |
£6,151,470 |
42% |
£4,331,919 |
47.2% |
£2,942,255 |
75.1% |
£1,680,487 |
-26.2% |
£2,277,067 |
|
Miscellaneous Current Liabilities |
£197,665 |
183% |
£69,843 |
-82.7% |
£403,672 |
-22.7% |
£521,885 |
67.4% |
£311,771 |
|
Total Current Liabilities |
£20,670,822 |
17.7% |
£17,556,614 |
78.2% |
£9,850,625 |
47.4% |
£6,681,231 |
16.2% |
£5,751,823 |
|
Bank Loans & Overdrafts and LTL |
£11,040,394 |
9.1% |
£10,122,508 |
278.9% |
£2,671,793 |
47% |
£1,818,049 |
77.5% |
£1,024,170 |
|
Other Long Term Finance |
£790,039 |
-14.6% |
£924,656 |
-25.9% |
£1,248,257 |
21.2% |
£1,030,098 |
6% |
£972,142 |
|
Total Long Term Liabilities |
£790,039 |
-14.6% |
£924,656 |
-25.9% |
£1,248,257 |
21.2% |
£1,030,098 |
6% |
£972,142 |
Capital &
Reserves
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Called Up Share Capital |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
|
P & L Account Reserve |
£6,006,951 |
17.8% |
£5,098,730 |
24.6% |
£4,093,455 |
46.4% |
£2,795,244 |
35.9% |
£2,056,345 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£6,007,951 |
17.8% |
£5,099,730 |
24.6% |
£4,094,455 |
46.4% |
£2,796,244 |
35.9% |
£2,057,345 |
Other Financial Items
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Net Worth |
£6,007,951 |
17.8% |
£5,099,730 |
24.6% |
£4,094,455 |
46.4% |
£2,796,244 |
35.9% |
£2,057,345 |
|
Working Capital |
£6,797,990 |
12.9% |
£6,023,830 |
12.9% |
£5,335,490 |
40.9% |
£3,787,697 |
25.7% |
£3,012,493 |
|
Total Assets |
£27,468,812 |
16.5% |
£23,581,000 |
55.2% |
£15,193,337 |
44.6% |
£10,507,573 |
19.7% |
£8,781,310 |
|
Total Liabilities |
£21,460,861 |
16.1% |
£18,481,270 |
66.5% |
£11,098,882 |
43.9% |
£7,711,329 |
14.7% |
£6,723,965 |
|
Net Assets |
£6,007,951 |
17.8% |
£5,099,730 |
24.6% |
£4,094,455 |
46.4% |
£2,796,244 |
35.9% |
£2,057,345 |
Cash Flow
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Net Cashflow from Operations |
£296,213 |
-81.6% |
£1,612,438 |
999.9% |
£99,785 |
-83.2% |
£592,832 |
-68.3% |
£1,867,523 |
|
Net Cashflow before Financing |
-£100,421 |
-113.5% |
£741,331 |
288.3% |
-£393,624 |
-243.1% |
£275,093 |
-81.7% |
£1,503,716 |
|
Net Cashflow from Financing |
£68,252 |
118% |
£31,314 |
-86.3% |
£227,968 |
272.6% |
-£132,044 |
-306.4% |
£63,982 |
|
Increase in Cash |
-£32,169 |
-104.2% |
£772,645 |
566.4% |
-£165,656 |
-215.8% |
£143,049 |
-90.9% |
£1,567,698 |
Miscellaneous
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£6,797,990 |
12.8% |
£6,024,386 |
12.8% |
£5,342,712 |
39.6% |
£3,826,342 |
26.3% |
£3,029,487 |
|
Number of Employees |
19 |
- |
19 |
18.8% |
16 |
14.3% |
14 |
- |
14 |
|
Auditors |
COWAN & PARTNERS LIMITED |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
|
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
30/06/13 |
30/06/12 |
30/06/11 |
30/06/10 |
30/06/09 |
|
Pre-tax profit margin % |
1.82 |
1.89 |
3.80 |
2.79 |
1.67 |
|
Current ratio |
1.33 |
1.34 |
1.54 |
1.57 |
1.52 |
|
Sales/Net Working Capital |
10.50 |
11.88 |
8.85 |
9.73 |
10.87 |
|
Gearing % |
183.80 |
198.50 |
65.30 |
65 |
49.80 |
|
Equity in % |
21.90 |
21.60 |
26.90 |
26.60 |
23.40 |
|
Creditor Days |
20.75 |
20.12 |
39.17 |
36.44 |
34.58 |
|
Debtor Days |
50.56 |
45.87 |
53.73 |
51.66 |
66.74 |
|
Liquidity/Acid Test |
1.02 |
1.09 |
0.87 |
0.95 |
1.09 |
|
Return On Capital Employed % |
19.11 |
22.40 |
33.53 |
26.85 |
18 |
|
Return On Total Assets Employed % |
4.73 |
5.72 |
11.79 |
9.77 |
6.21 |
|
Current Debt Ratio |
3.44 |
3.44 |
2.40 |
2.38 |
2.79 |
|
Total Debt Ratio |
3.57 |
3.62 |
2.71 |
2.75 |
3.26 |
|
Stock Turnover Ratio % |
8.76 |
6 |
13.94 |
11.10 |
7.57 |
|
Return on Net Assets Employed % |
21.62 |
26.46 |
43.75 |
36.74 |
26.51 |
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 |
2 |
£25,796 |
|
Company Name |
Amount |
Statement Date |
|
Plasto Food Services Limited |
£13,320 |
26/05/2011 |
|
Rivermill Foods Limited |
£12,476 |
18/11/2013 |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Status History
|
Date |
Description |
|
|
30/07/2013 |
Compulsory strike off cancelled |
|
|
22/07/2013 |
Dissolution (First Gazt) |
|
Event History
|
Date |
Description |
|
|
27/03/2014 |
Annual Returns |
|
|
16/11/2013 |
New Accounts Filed |
|
|
24/07/2013 |
Annual Returns |
|
|
08/10/2012 |
New Accounts Filed |
|
|
08/10/2012 |
New Accounts Filed |
|
|
08/08/2012 |
Annual Returns |
|
|
08/09/2011 |
New Accounts Filed |
|
|
25/03/2011 |
Annual Returns |
|
|
22/12/2010 |
New Accounts Filed |
|
|
26/04/2010 |
Annual Returns |
|
|
19/03/2010 |
New Accounts Filed |
|
|
19/03/2010 |
New Accounts Filed |
|
|
19/07/2009 |
Annual Returns |
|
|
02/04/2009 |
New Accounts Filed |
|
|
15/08/2008 |
Mr D.C. Cooper has left the board |
|
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 decreased 0.3% on the
previous trading period. |
|
Net Worth increased by 17.8% during the latest trading
period. |
|
A 16.5% growth in Total Assets occurred during the latest
trading period. |
|
Pre-tax profits decreased by 3.7% compared to the previous
trading period. |
|
The company saw an increase in their Cash Balance of 10.1%
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 was established over 18 years ago. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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.