MIRA INFORM REPORT

 

 

Report Date :

19.09.2014

 

IDENTIFICATION DETAILS

 

Name :

KALLO FOODS LIMITED

 

 

Formerly Known As :

GARMA FOODS INTERNATIONAL LIMITED

 

 

Registered Office :

Meadows Business Park Station Approach Camberley GU17 9AB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

31.01.1994

 

 

Com. Reg. No.:

02893019

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Agents involved in the sale of food, beverages and tobacco.

 

 

No. of Employees

44

 

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 – 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

Company name and address

 

Company Name:            KALLO FOODS LIMITED

Company No:                02893019

Company Status:           Active - Accounts Filed

Registered Address:       MEADOWS BUSINESS PARK STATION APPROACH CAMBERLEY GU17 9AB

 

 

Registered Address

MEADOWS BUSINESS PARK

Trading Address

2 Meadows Business Park

 

STATION APPROACH

 

Station Approach

 

CAMBERLEY

 

Blackwater

 

GU17 9AB

 

Camberley, Surrey

 

 

 

GU17 9AB

Website Address

http://www.kallofoods.com

Telephone Number

01276609000

Incorporate Date

31/01/1994

TPS

No

FPS

No

 

 

Type

Private limited with Share Capital

Previous Name

GARMA FOODS INTERNATIONAL LIMITED

FTSE Index

-

 

 

Date of Change

12/01/2001

Filing Date of Accounts

30/09/2013

Currency

GBP

Share Capital

£8,018,837

SIC07

46170

Charity Number

-

SIC07 Description

AGENTS INVOLVED IN THE SALE OF FOOD, BEVERAGES AND TOBACCO

Principal Activity

The sales, marketing and distribution of organic and natural food products.

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

41

 

Current Directors

Name

Patrick David Cairns

Date of Birth

27/05/1967

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/09/2010

 

 

Address

Meadows Business Park Station Approach, Blackwater, Camberley, Gu17 9ab, GU17 9AB

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Jason Edward Boxer

Date of Birth

05/05/1969

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Director

Appointment Date

20/02/2012

 

 

Address

Meadows Business Park Station Approach, Blackwater, Camberley, Gu17 9ab, GU17 9AB

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Roberto Emilio Consonni

0

3

Johan Danny Maurice Vandebroek

0

8

Gerd De Roover

0

1

Geert Bode Lode Reynders

0

1

Niels Rensen Onkenhout

0

14

Jonathan Mark Wilfred Faull

2

1

David Jacob Kleerekoper

1

13

David Jacob Kleerekoper

1

13

Sjoerd Rienk Schaafsma

4

3

Joannes Petrus Theodorus Heemskerk

0

10

Joannes Petrus Theodorus Heemskerk

0

10

Debbie Moore

38

836

Kevin Thomas Brown

52

1374

Ronald Gordon Lagden

3

7

Christopher John Lane

2

12

Peter Charles Moseley

5

7

Geraldine Dymond

2

5

Linda Jane Milne

1

11

Paul Aldo Bettini

0

1

Alberto Antonelli

0

1

Bruno Venturelli

0

1

Martyn Thompson

0

1

Anthony Rocco Indaimo

10

8

Ian William Clark

1

10

Sergio Giseppe Niraghi

0

1

Keith Miller

11

37

Fabio Durante

0

2

Margaret Bannigan

0

10

Carolyn Ann Robinson

4

4

Giorgio Facchini

0

3

Italo Da Rif

0

2

Andrew David Finch Reynolds

6

29

Andrew David Finch Reynolds

6

29

Belinda Frixou

10

11

Luca Coin

0

3

Paul Yeates

22

24

Paul Yeates

22

24

Antonio Maria Cartolari

0

2

TEMPLE SECRETARIAL LIMITED

343

463

Peter Christiaan Beij

0

7

Cornelius Peter Van Rysdam

0

11

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage              10

Outstanding                   2

Satisfied                        8

 

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:

 

Date Charge Created:

18/07/13

 

 

Date Charge Registered:

26/07/13

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

ABN AMRO BANK N.V. AS SECURITY AGENT (AS TRUSTEE FOR EACH OF THE SECURED PARTIES);

Amount Secured:

 

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

22/11/10

 

 

Date Charge Registered:

03/12/10

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

MEADOWS GP LIMITED AND MEADOWS NOMINEE LIMITED

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 FIRST FIXED CHARGE INTEREST IN THE ACCOUNT AND THE DEPOSIT BALANCE. SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

29/03/01

 

 

Date Charge Registered:

05/04/01

 

 

Date Charge Satisfied:

28/09/02

 

 

Status:

SATISFIED

 

 

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:

UNIT P6,COOPERS PLACE,COOMBE LANE,WORMLEY,SURREY

 

Mortgage Type:

SECOND FIXED AND FLOATING INSTRUMENT

Date Charge Created:

29/03/01

 

 

Date Charge Registered:

05/04/01

 

 

Date Charge Satisfied:

28/09/02

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BANCA DI ROMA SPA,LONDON BRANCH

Amount Secured:

ALL OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE FROM THE COMPANY OR ITS SUBSIDIARY COMPANY KALLO GROUP LIMITED TO BANCA DI ROMA SPA,BANCA NAZIONALE DELL\AGRICOLTURA,INSTITUTO BANCARIO SAN PAOLO DI TORINO SPA AND MONTE DI PASCHI DI SIENA (THE "BANKS") WHETHER UNDER A FACILITY AGREEMENT BETWEEN THE COMPANY AND THE BANKS DATED 10 FEBRUARY 2000 OR UNDER HEREUNDER

Details:

SECOND LEGAL MORTGAGE OVER UNIT 6,COOPERS PLACE,COOMBE LANE,WORMLEY,SURREY; ALLESTATES AND INTERESTSIN ANY OTHER FREEHOLD/LEASEHOLD PROPERTY AND ALL FIXTURES,BENEFITS,INSURANCES,ALL BOOK/OTHER DEBTSAND OTHER MONEY DUE TO THE COMPANY; ALL RIGHTS SECURITIES AND GUARANTEES,ETC; FLOATING CHARGE OVER ALL OTHER ASSETS

 

Mortgage Type:

FACILITY AGREEMENT

Date Charge Created:

11/02/00

 

 

Date Charge Registered:

17/02/00

 

 

Date Charge Satisfied:

28/09/02

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BANCA DI ROMA

Amount Secured:

ALL SUMS DUE AND PAYABLE BY THE COMPANYTO ANY OF BANCA DI ROMA,BANCA NAZIONALEDELL\AGRICOLTURA,INSTITUTO BANCARIO SANPAOLO DI TORINO AND BANCA MONTE DI PASCHI DI SIENA (THE "BANKS"),WHETHER UNDER THEFACILITY AGREEMENT DATED 10 FEBRUARY2000 OR UNDER THE FIXED AND FLOATING CHARGE INSTRUMENTS (THE "CHARGE") OF THE SAME DATE,BUT UNPAID

Details:

THE COMPANY AUTHORISES EACH OF THE BANKS TO APPLY ANY CREDIT BALANCE TO WHICH THE COMPANY IS ENTITLED ON ANY OF ITS ACCOUNTS WITH THAT BANK SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

FIXED AND FLOATING CHARGE INSTRUMENTS

Date Charge Created:

11/02/00

 

 

Date Charge Registered:

17/02/00

 

 

Date Charge Satisfied:

28/09/02

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BANCA DI ROMA LONDON BRANCH

Amount Secured:

ALL PRESENT AND FUTURE OBLIGATIONS AND LIABILITIES WHATSOEVER OF THE COMPANY AND ITS SUBSIDIARY KALLO GROUP LIMITED ("KALLO") TO BANCA DI ROMA,BANCA NAZIONALE DELL\AGRICOLTURA,INSTITUTO BANCARIO SAN PAOLO DI TORINO AND MONTE DI PASCHI DI SIENA (THE "BANKS") UNDER A FACILITY AGREEMENT DATED 10 FEBRUARY 2000 OR UNDER THE CHARGE

Details:

ALL ESTATES AND INTERESTS IN ANY OTHER FREEHOLD OR LEASEHOLD PROPERTY AND ALL SHARE CAPITAL HELD BYTHE COMPANY IN KALLO; FIXED CHARGE OVER THE FIXTURES, BENEFITS IN RESPECT OF INSURANCES,ALL BOOK/OTHER DEBTS AND ALL OTHER MONEY DUE AND ALL RIGHTS,SECURITIES AND GUARANTEES,ETC UNDERTAKING AND ALL PROPERTY AND ASSETS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

10/08/98

 

 

Date Charge Registered:

11/08/98

 

 

Date Charge Satisfied:

16/05/02

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE TRUSTEES OF THE WILL AND CODICIL OF THE SEVENTH DUKE OF NORTHUMBERLAND

Amount Secured:

£7,931 DUE OR TO BECOME DUE FROM THE COMPANY OT THE CHARGEE UNDER THE TERMS OF THE RENT DEPOSIT DEED

Details:

£7,931

 

Mortgage Type:

DEED

Date Charge Created:

15/12/97

 

 

Date Charge Registered:

02/01/98

 

 

Date Charge Satisfied:

08/02/00

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

ISTITUTO BANCARIO SAN PAOLO DI TORINO SPA

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE DEED

Details:

AN ACCOUNT NUMBERED 356790, ALL MONIES FROM TIME TO TIME STANDING TO THE CREDITOF THE ACCOUNT, ALL INTEREST AND OTHER ACCRUALS THEREON SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

18/11/97

 

 

Date Charge Registered:

05/12/97

 

 

Date Charge Satisfied:

28/01/00

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

MIDLAND 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:

RENT DEPOSIT DEED

Date Charge Created:

17/05/94

 

 

Date Charge Registered:

18/05/94

 

 

Date Charge Satisfied:

08/02/00

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE COLONIAL MUTUAL LIFE ASSURANCE SOCIETY LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LEASE

Details:

£10,000

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

WESSANEN GREAT BRITAIN HOLDINGS LTD

GBP

8,018,837

ORDINARY

1

100

 

 

PAYMENT INFORMATION

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade                     0

Total Value of Documented Trade                        £0

 

Trade Payment Information

Average Invoice Value

1053.71

Invoices available

84

Paid

65

Outstanding

19

 

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

Average Invoice Value

£1053.71

Invoices available

84

Paid

65

Outstanding

19

 

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

47

11

5

2

0

Outstanding

1

0

0

11

7

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group

4 companies

Linkages

89 companies

Countries

In 10 countries

 

Summary

Holding Company

WESSANEN GREAT BRITAIN HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

KONINKLIJKE WESSANEN N.V.

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

KONINKLIJKE WESSANEN N.V.

 

33145851

31.12.2013

Y

 

WESSANEN EUROPE B.V.

 

33247441

-

N

 

WESSANEN GREAT BRITA...

 

04633911

31.12.2012

N

 

KALLO FOODS LIMITED

 

02893019

31.12.2012

N

£36,129,713

 

Other Linked companies

Name

 

Number

Latest Key Financials

Turnover

WESSANEN FRANCE HOLDING SAS

 

343173647

31.12.2012

 

DISTRIBORG FRANCE

 

402712350

31.12.2012

€165,072,972

LUCAS BOLS GMBH

 

HRB 700924

31.12.2011

 

LUCAS BOLS GMBH I. L

 

HRB 3349

31.12.2009

€1,132

DISTRIBORG GROUPE

 

970502761

31.12.2012

 

WESSANEN DEUTSCHLAND GMBH

 

HRB 25867 HB

31.12.2007

 

BOUWCENTER KROON HOOGEVEEN B.V.

 

02077271

31.12.2012

 

BIO DISTRIFRAIS CHANTENAT

 

971507785

31.12.2012

€19,831,179

R BONNETERRE

 

682043724

31.12.2012

€53,628,228

WESSANEN DEUTSCHLAND GMBH

 

HRB 26028 HB

31.12.2011

 

BECKERS HOLDING B.V.

 

13026176

31.12.2013

 

NATUURVOEDINGS WINKEL ORGANISATIE B.V.

 

08074869

31.12.2006

 

DE RIT NATURFEINKOST GMBH

 

HRB 2896

31.12.2011

 

TREE OF LIFE UK LIMITED

 

03539683

31.03.2013

£33,595,000

BIO S.L.Y.M. S.R.L.

 

MN218821

31.12.2012

€14,234,475

ALLOS SCHWARZWALD GMBH

 

HRB 5558

31.12.2012

 

ALLOS GMBH

 

HRB 100318

31.12.2012

 

BECKERS VERTRIEBS GMBH

 

HRB 26964 HB

31.12.2011

 

COSA NATURPRODUKTE GMBH

 

HRB 7373

31.12.2012

 

WESSANEN DEUTSCHLAND GMBH

 

HRB 26279 HB

31.12.2011

€3,323,552

 

 

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

N

(%)

N

(%)

N

(%)

N

(%)

Y

Turnover

£36,129,713

-1.9%

£36,824,003

-8.8%

£40,372,034

3%

£39,212,378

1.7%

£38,552,612

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£26,570,499

-3.9%

£27,660,924

-10.5%

£30,893,346

0.1%

£30,861,395

15%

£26,825,207

Gross Profit

£9,559,214

4.3%

£9,163,079

-3.3%

£9,478,688

13.5%

£8,350,983

-28.8%

£11,727,405

Wages & Salaries

£2,907,182

16%

£2,506,483

13.6%

£2,207,027

10.6%

£1,995,224

2.7%

£1,942,130

Directors Emoluments

£465,420

26.5%

£367,877

80.3%

£204,000

50.7%

£135,360

-

-

Operating Profit

-£1,226,459

15.9%

-£1,457,903

59.7%

-£3,620,664

-999.9%

£149,663

-94.4%

£2,691,715

Depreciation

£187,986

18.3%

£158,904

29.7%

£122,491

12.9%

£108,512

11.4%

£97,429

Audit Fees

£27,375

-3.1%

£28,250

1.1%

£27,950

55.3%

£18,000

50%

£12,000

Interest Payments

£9,083

292.4%

£2,315

-34.2%

£3,520

-41.1%

£5,975

-

-

Pre Tax Profit

-£1,234,310

15.5%

-£1,460,218

59.7%

-£3,624,184

-999.9%

£188,077

-93.9%

£3,081,273

Taxation

-£437,647

-999.9%

-£16,470

-101.8%

£925,388

582.6%

-£191,745

83.8%

-£1,181,544

Profit After Tax

-£1,671,957

-13.2%

-£1,476,688

45.3%

-£2,698,796

-999.9%

-£3,668

-100.2%

£1,899,729

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-£1,671,957

-13.2%

-£1,476,688

45.3%

-£2,698,796

-999.9%

-£3,668

-100.2%

£1,899,729

 

Balance Sheet

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Tangible Assets

£255,987

-20.5%

£321,930

24.5%

£258,615

324.4%

£60,938

-49.9%

£121,543

Intangible Assets

£5,139,092

-11.1%

£5,780,528

-10%

£6,421,965

-39%

£10,528,401

-7.9%

£11,426,504

Total Fixed Assets

£5,395,079

-11.6%

£6,102,458

-8.7%

£6,680,580

-36.9%

£10,589,339

-8.3%

£11,548,047

Stock

£2,219,871

-18.7%

£2,730,194

4.1%

£2,621,747

-27%

£3,592,023

33.3%

£2,694,865

Trade Debtors

£7,335,232

22.9%

£5,970,582

19.2%

£5,010,116

-14.5%

£5,861,178

-12.5%

£6,694,732

Cash

£1,541,126

999.9%

£70,091

999.9%

£183

-99.9%

£225,863

-39.1%

£370,978

Other Debtors

£3,159,153

-56%

£7,172,296

-34%

£10,866,984

45%

£7,492,073

-9.2%

£8,255,278

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£14,255,382

-10.6%

£15,943,163

-13.8%

£18,499,030

7.7%

£17,171,137

-4.7%

£18,015,853

Trade Creditors

£2,342,641

-50.9%

£4,766,631

-24.7%

£6,327,639

-9.1%

£6,961,305

4.4%

£6,669,563

Bank Loans & Overdrafts

£137,250

-

0

-

0

-

0

-

0

Other Short Term Finance

£1,289,663

313.6%

£311,819

845.2%

£32,990

-47.2%

£62,522

-64.9%

£178,245

Miscellaneous Current Liabilities

£2,591,016

29.2%

£2,005,323

-15.8%

£2,380,445

48.8%

£1,599,317

-55.3%

£3,575,092

Total Current Liabilities

£6,360,570

-10.2%

£7,083,773

-19%

£8,741,074

1.4%

£8,623,144

-17.3%

£10,422,900

Bank Loans & Overdrafts and LTL

£137,250

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

Capital & Reserves

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Called Up Share Capital

£8,018,837

-

£8,018,837

-

£8,018,837

-

£8,018,837

-

£8,018,837

P & L Account Reserve

£3,661,721

-31.3%

£5,333,678

-21.7%

£6,810,366

-28.4%

£9,509,162

0%

£9,512,830

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£1,609,333

-

£1,609,333

-

£1,609,333

-

£1,609,333

-

£1,609,333

Shareholder Funds

£13,289,891

-11.2%

£14,961,848

-9%

£16,438,536

-14.1%

£19,137,332

0%

£19,141,000

 

 

Other Financial Items

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Worth

£8,150,799

-11.2%

£9,181,320

-8.3%

£10,016,571

16.4%

£8,608,931

11.6%

£7,714,496

Working Capital

£7,894,812

-10.9%

£8,859,390

-9.2%

£9,757,956

14.2%

£8,547,993

12.6%

£7,592,953

Total Assets

£19,650,461

-10.9%

£22,045,621

-12.4%

£25,179,610

-9.3%

£27,760,476

-6.1%

£29,563,900

Total Liabilities

£6,360,570

-10.2%

£7,083,773

-19%

£8,741,074

1.4%

£8,623,144

-17.3%

£10,422,900

Net Assets

£13,289,891

-11.2%

£14,961,848

-9%

£16,438,536

-14.1%

£19,137,332

0%

£19,141,000

 

Miscellaneous

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£13,289,891

-11.2%

£14,961,848

-9%

£16,438,536

-14.1%

£19,137,332

0%

£19,141,000

Number of Employees

44

12.8%

39

5.4%

37

2.8%

36

-14.3%

42

 

Auditors

DELOITTE LLP

 

Auditor Comments

The audit report contains no adverse comments

 

Bankers

BNP PARIBAS FORTIS BANK

 

Bank Branch Code

23-50-33

 

Ratios

 

Date Of Accounts

31/12/12

31/12/11

31/12/10

31/12/09

31/12/08

Pre-tax profit margin %

-3.42

-3.97

-8.98

0.48

7.99

Current ratio

2.24

2.25

2.12

1.99

1.73

Sales/Net Working Capital

4.58

4.16

4.14

4.59

5.08

Gearing %

1

0

0

0

0

Equity in %

91.60

92

87.60

111.10

105.50

Creditor Days

23.60

47.11

57.05

64.62

62.97

Debtor Days

73.90

59.01

45.17

54.40

63.20

Liquidity/Acid Test

1.89

1.86

1.81

1.57

1.46

Return On Capital Employed %

-9.28

-9.75

-22.04

0.98

16.09

Return On Total Assets Employed %

-6.28

-6.62

-14.39

0.67

10.42

Current Debt Ratio

0.47

0.47

0.53

0.45

0.54

Total Debt Ratio

0.47

0.47

0.53

0.45

0.54

Stock Turnover Ratio %

6.14

7.41

6.49

9.16

6.99

Return on Net Assets Employed %

-9.28

-9.75

-22.04

0.98

16.09

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Enquiries Trend

There have been 95 enquiries in the last 12 months.

There are an average of 8 reports taken each month.

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

16

29

51

 

Status History

No Status History found

 

Event History

Date

Description

07/02/2014

Annual Returns

12/10/2013

New Accounts Filed

05/02/2013

Annual Returns

13/10/2012

New Accounts Filed

13/10/2012

New Accounts Filed

13/10/2012

New Accounts Filed

21/08/2012

Drs Rc J.P. Heemskerk has resigned as company secretary

21/08/2012

Drs Rc J.P. Heemskerk has left the board

20/03/2012

New Board Member Mr J.E. Boxer appointed

22/02/2012

New Board Member Mr J.E. Boxer appointed

21/02/2012

Annual Returns

23/09/2011

New Accounts Filed

23/09/2011

New Accounts Filed

19/02/2011

Annual Returns

09/02/2011

Change in Reg.Office

 

 

Previous Company Names

Date

Previous Name

12/01/2001

GARMA FOODS INTERNATIONAL LIMITED

23/09/1997

GARMA GOURMET (UK) LIMITED

18/03/1994

CARAWAY SERVICES LIMITED

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

 

Sales in the latest trading period decreased 1.9% on the previous trading period.

 

Pre-tax profits increased by 15.5% compared to the previous trading period.

 

 

Net Worth decreased by 11.2% during the latest trading period.

 

A 10.9% decline in Total Assets occurred during the latest trading period.

 

The company saw an increase in their Cash Balance of 999.9% 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 20 years ago.

 

Show more

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.05

UK Pound

1

Rs.99.55

Euro

1

Rs.78.57

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIS

 

               

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.