MIRA INFORM REPORT

 

 

Report Date :

06.09.2014

 

IDENTIFICATION DETAILS

 

Name :

CLIFTON PACKAGING GROUP LIMITED

 

 

Formerly Known As :

CLIFTON PACKAGING GROUP PLC

 

 

Registered Office :

Centurion Way Meridian Business Park Leicester Le19 1wh

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

20.12.2002

 

 

Com. Reg. No.:

04623230

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

·         Other Manufacturing NEC.

·         A group Engaged in flexible packaging materials, Retail and distribution of Packaging machinery.

 

 

No. of Employees

59

 

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

 

Company Name:          CLIFTON PACKAGING GROUP LIMITED

Company No:               04623230

Company Status:         Active - Accounts Filed

Registered Address:     CENTURION WAY MERIDIAN BUSINESS PARK LEICESTER LE19 1WH

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

4

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

3

 

Current Directors

Name

Tahir Javed Sheikh

Date of Birth

24/05/1959

Officers Title

Mr

Nationality

British

Present Appointments

9

Function

Director

Appointment Date

20/12/2002

 

 

Address

10 Eden Road, Oadby, Leicester, Leicestershire, LE2 4JP

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Khalid Sheikh

Date of Birth

10/07/1957

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Director

Appointment Date

20/12/2002

 

 

Address

11 Somerby Drive, Oadby, Leicester, Leicestershire, LE2 4PH

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Shahid Rashid Sheikh

Date of Birth

03/01/1968

Officers Title

Mr

Nationality

British

Present Appointments

19

Function

Director

Appointment Date

20/12/2002

 

 

Address

2 Hall Drive, Oadby, Leicester, Leicestershire, LE2 4HE

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Zahid Sheikh

Date of Birth

06/02/1961

Officers Title

Mr

Nationality

British

Present Appointments

11

Function

Director

Appointment Date

20/12/2002

 

 

Address

20 The Broadway, Oadby, Leicester, Leicestershire, LE2 2HE

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

 

Current Company Secretary

Name

Shahid Rashid Sheikh

Date of Birth

03/01/1968

Officers Title

Mr

Nationality

British

Present Appointments

19

Function

Company Secretary

Appointment Date

20/12/2002

 

 

Address

2 Hall Drive, Oadby, Leicester, Leicestershire, LE2 4HE

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage

8

Outstanding

8

Satisfied

0

 

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 -

-

 

 

 

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:

21/09/07

 

 

Date Charge Registered:

26/09/07

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

CLYDESDALE BANK PUBLIC LIMITED COMPANY

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

THE BIG BLUE CENTURION WAY MERIDIAN BUSINESS PARK LEICESTER ASSIGNS THE GOODWILL OF ALL BUSINESSESFROM TIME TO TIME CARRIED ON AT THE PROPERTY WITH THE BENEFIT OF ALL AUTHORISATIONS PERMITS REGISTRATION CERTIFICATES OR LICENCES OF ANY KIND ALSO BY WAY OF FIXED CHARGE THE EQUIPMENT AND GOODS (IF ANY)AND ALL OTHER FIXTURES FITTINGS PLANT AND MACHINERY AND BY WAY OF FLOATING CHARGE ON OTHER MOVEABLEPLANT MACHINERY FURNITURE EQUIPMENT GOODS AND OTHER EFFECTS WHICH FROM TIME TO TIME ON THE PROPERTY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

19/09/07

 

 

Date Charge Registered:

20/09/07

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

CLYDESDALE 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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

FLOATING CHARGE

Date Charge Created:

29/11/05

 

 

Date Charge Registered:

01/12/05

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

KHALID SHEIKH, TAHIR SHEIKH, ZAHID SHEIKH, AND SHAHID SHEIKH

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

BY WAY OF FLOATING CHARGE THE UNDERTAKING OF THE COMPANY AND ALL ITS PROPERTY WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING ITS UNCALLED CAPITALFOR THE TIME BEING

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

21/10/05

 

 

Date Charge Registered:

28/10/05

 

 

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 INDUSTRIAL UNIT AT WATERGATE LANE INDUSTRIAL ESTATE NARBOROUGHROAD SOUTH LEICESTER

 

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

25/06/04

 

 

Date Charge Registered:

03/07/04

 

 

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 OTHERCOMPANIES NAMED THEREIN 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:

12/03/04

 

 

Date Charge Registered:

24/03/04

 

 

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 AT CENTURION WAY MERIDIAN BUSINESS PARK LEICESTER

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

12/12/03

 

 

Date Charge Registered:

20/12/03

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER 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 UNIT B WARREN PARK ENDERBYLEICESTERSHIRE BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

10/12/03

 

 

Date Charge Registered:

18/12/03

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER 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

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

SHAHID SHEIKH

GBP

208,001

ORDINARY A

1

40

ZAHID SHEIKH

GBP

130,001

ORDINARY D

1

25

TAHIR SHEIKH

GBP

130,001

ORDINARY C

1

25

KHALID SHEIKH

GBP

52,001

ORDINARY B

1

10

 

 

PAYMENT INFORMATION

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade

1

Total Value of Documented Trade

£5,636

 

Trade Payment Information

Average Invoice Value

1583.73

Invoices available

67

Paid

61

Outstanding

6

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

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

£5,636

 

Company Name

Amount

Statement Date

Jacob Foodservice Ltd

£5,636

14/08/2013

 

Average Invoice Value

£1583.73

Invoices available

67

Paid

61

Outstanding

6

 

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

7

17

35

2

0

Outstanding

2

4

0

0

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

3 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

CLIFTON PACKAGING GROUP LIMITED

Ownership Status

Ultimately Owned

Ultimate Holding Company

CLIFTON PACKAGING GROUP LIMITED

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

CLIFTON PACKAGING GROUP...

 

04623230

31.12.2012

Y

£10,065,900

TARGET PACKAGING SYSTE...

 

04571701

31.12.2012

N

 

AZPAC FOODS LIMITED

 

04571738

31.12.2012

N

 

 

 

FINANCIAL INFORMATION

 

Profit & Loss

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

Y

(%)

Y

(%)

N

(%)

N

(%)

Y

Turnover

£10,065,900

-2.1%

£10,281,958

18%

£8,711,007

18.8%

£7,331,065

11.8%

£6,554,502

Export

-

-

-

-

£281,224

118.7%

£128,582

-26%

£173,694

Cost of Sales

£7,377,439

1%

£7,307,830

-

-

-100%

£5,060,988

27.5%

£3,970,236

Gross Profit

£2,688,461

-9.6%

£2,974,128

-

-

-

£2,270,077

-12.2%

£2,584,266

Wages & Salaries

£1,331,946

11.6%

£1,193,796

15.6%

£1,032,755

3%

£1,002,993

-6.8%

£1,076,612

Directors Emoluments

£63,687

-22.7%

£82,374

-13%

£94,698

16.7%

£81,174

-25.3%

£108,647

Operating Profit

£1,466,380

20.8%

£1,213,546

8%

£1,123,562

63%

£689,480

53.7%

£448,696

Depreciation

£239,471

8.8%

£220,200

-3.2%

£227,529

-9.7%

£251,952

-24.9%

£335,693

Audit Fees

£15,500

55%

£10,000

-

£10,000

-

£10,000

-45.2%

£18,250

Interest Payments

£234,209

-3.2%

£242,056

-4.7%

£253,937

-7.4%

£274,364

-22.7%

£354,875

Pre Tax Profit

£1,232,171

26.8%

£971,490

11.7%

£869,625

109.5%

£415,116

336.2%

£95,175

Taxation

-£316,591

-20.1%

-£263,668

19.9%

-£329,067

-146.9%

-£133,275

-141.1%

£324,459

Profit After Tax

£915,580

29.4%

£707,822

30.9%

£540,558

91.8%

£281,841

-32.8%

£419,634

Dividends Payable

-

-

-

-

-

-100%

£324,325

-

-

Retained Profit

£915,580

29.4%

£707,822

30.9%

£540,558

999.9%

-£42,484

-110.1%

£419,634

 

Balance Sheet

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Tangible Assets

£5,363,257

2.1%

£5,250,872

4.9%

£5,006,839

-3.9%

£5,210,442

-4.1%

£5,433,531

Intangible Assets

£971,993

-9%

£1,067,681

-8.2%

£1,163,364

-7.6%

£1,259,047

-7.1%

£1,354,730

Total Fixed Assets

£6,335,250

0.3%

£6,318,553

2.4%

£6,170,203

-4.6%

£6,469,489

-4.7%

£6,788,261

Stock

£1,567,314

7.1%

£1,462,880

13.9%

£1,284,235

19.4%

£1,075,327

-8.6%

£1,176,410

Trade Debtors

£2,055,821

1.9%

£2,017,357

24.9%

£1,615,528

7.2%

£1,506,355

18.8%

£1,267,656

Cash

£81,243

665.9%

£10,607

189.2%

£3,668

-40.9%

£6,208

-87.6%

£49,913

Other Debtors

£620,048

-62.4%

£1,647,047

45.1%

£1,135,389

128.1%

£497,687

-27.6%

£687,043

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£4,324,426

-15.8%

£5,137,891

27.2%

£4,038,820

30.9%

£3,085,577

-3%

£3,181,022

Trade Creditors

£1,804,357

8%

£1,670,069

1.8%

£1,641,018

20.2%

£1,364,936

21.1%

£1,127,502

Bank Loans & Overdrafts

£202,643

28.2%

£158,050

-76%

£657,672

18.7%

£554,166

-15.7%

£657,366

Other Short Term Finance

£352,013

14.6%

£307,231

0.2%

£306,515

-20%

£383,279

10.3%

£347,489

Miscellaneous Current Liabilities

£1,792,246

4.9%

£1,709,142

135.6%

£725,500

45.9%

£497,280

11.6%

£445,627

Total Current Liabilities

£4,151,259

8%

£3,844,492

15.4%

£3,330,705

19%

£2,799,661

8.6%

£2,577,984

Bank Loans & Overdrafts and LTL

£3,325,514

-37.3%

£5,300,036

-8.2%

£5,773,846

34.7%

£4,287,985

-14%

£4,984,595

Other Long Term Finance

£766,870

-12.3%

£874,214

26.5%

£690,838

-31.6%

£1,010,364

-31.4%

£1,472,137

Total Long Term Liabilities

£3,122,871

-39.3%

£5,141,986

0.5%

£5,116,174

37%

£3,733,819

-13.7%

£4,327,229

 

Capital & Reserves

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Called Up Share Capital

£520,004

-

£520,004

-

£520,004

-77.6%

£2,320,004

-

£2,320,004

P & L Account Reserve

£2,865,542

47%

£1,949,962

57%

£1,242,140

77%

£701,582

-5.7%

£744,066

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£3,385,546

37.1%

£2,469,966

40.2%

£1,762,144

-41.7%

£3,021,586

-1.4%

£3,064,070

 

Other Financial Items

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Worth

£2,413,553

72.1%

£1,402,285

134.2%

£598,780

-66%

£1,762,539

3.1%

£1,709,340

Working Capital

£173,167

-86.6%

£1,293,399

82.7%

£708,115

147.7%

£285,916

-52.6%

£603,038

Total Assets

£10,659,676

-7%

£11,456,444

12.2%

£10,209,023

6.8%

£9,555,066

-4.2%

£9,969,283

Total Liabilities

£7,274,130

-19.1%

£8,986,478

6.4%

£8,446,879

29.3%

£6,533,480

-5.4%

£6,905,213

Net Assets

£3,385,546

37.1%

£2,469,966

40.2%

£1,762,144

-41.7%

£3,021,586

-1.4%

£3,064,070

 

Cash Flow

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Cashflow from Operations

£851,682

-29.7%

£1,211,614

49.9%

£808,502

-31%

£1,172,530

35.4%

£866,185

Net Cashflow before Financing

£33,054

-76.1%

£138,322

-68.5%

£439,117

-19.4%

£545,086

-1.2%

£551,492

Net Cashflow from Financing

£21,048

-94.4%

£377,902

170.5%

-£535,668

-40.9%

-£380,127

28.7%

-£533,093

Increase in Cash

£54,102

-89.5%

£516,224

634.7%

-£96,551

-158.5%

£164,959

796.6%

£18,399

 

Miscellaneous

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

£6,508,417

-14.5%

£7,611,952

10.7%

£6,878,318

1.8%

£6,755,405

-8.6%

£7,391,299

Number of Employees

59

-

59

-3.3%

61

-1.6%

62

-6.1%

66

Auditors

MAGMA AUDIT LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

YORKSHIRE BANK PLC

Bank Branch Code

05-05-60

 

Ratios

Date Of Accounts

31/12/12

31/12/11

31/12/10

31/12/09

31/12/08

Pre-tax profit margin %

12.24

9.45

9.98

5.66

1.45

Current ratio

1.04

1.34

1.21

1.10

1.23

Sales/Net Working Capital

58.13

7.95

12.30

25.64

10.87

Gearing %

98.20

214.60

327.70

141.90

162.70

Equity in %

34.90

23.80

19.50

36.40

35.60

Creditor Days

65.24

59.12

68.57

67.77

62.61

Debtor Days

74.34

71.41

67.50

74.79

70.39

Liquidity/Acid Test

0.66

0.95

0.82

0.71

0.77

Return On Capital Employed %

18.93

12.76

12.64

6.14

1.28

Return On Total Assets Employed %

11.55

8.47

8.51

4.34

0.95

Current Debt Ratio

1.22

1.55

1.89

0.92

0.84

Total Debt Ratio

2.14

3.63

4.79

2.16

2.25

Stock Turnover Ratio %

15.57

14.22

14.74

14.66

17.94

Return on Net Assets Employed %

36.39

39.33

49.35

13.73

3.10

 

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Commentary

No exact match CCJs are recorded against the company.

 

Sales in the latest trading period decreased 2.1% on the previous trading period.

 

Net Worth increased by 72.1% during the latest trading period.

 

A 7% decline in Total Assets occurred during the latest trading period.

 

Pre-tax profits increased by 26.8% compared to the previous trading period.

 

 

There has been no significant change in the company's credit rating.

 

There has been no significant change in the company's credit limit.

 

The company saw an increase in their Cash Balance of 665.9% 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 11 years ago.

 

 

Enquiries Trend

There have been 231 enquiries in the last 12 months.

There are an average of 19 reports taken each month.

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

20

67

121

 

Status History

No Status History found

 

Event History

Date

Description

08/02/2014

Annual Returns

10/10/2013

New Accounts Filed

10/10/2013

New Accounts Filed

26/01/2013

Annual Returns

13/07/2012

New Accounts Filed

13/07/2012

New Accounts Filed

24/12/2011

Annual Returns

15/08/2011

New Accounts Filed

15/08/2011

New Accounts Filed

21/01/2011

Annual Returns

25/06/2010

New Accounts Filed

25/06/2010

New Accounts Filed

21/06/2010

Change of Name

29/01/2010

Annual Returns

31/07/2009

New Accounts Filed

 

Show more

Previous Company Names

Date

Previous Name

17/06/2010

CLIFTON PACKAGING GROUP PLC

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

SECRETARIAL APPOINTMENTS LIMITED

75

306

CORPORATE APPOINTMENTS LIMITED

561

34023

SECRETARIAL APPOINTMENTS LIMITED

644

34994

 

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.44

UK Pound

1

Rs.98.64

Euro

1

Rs.78.20

                

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SDA

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.