|
Report No. : |
307358 |
|
Report Date : |
18.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
56 Acrewys Road London NW22AD |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
05.08.1964 |
|
|
|
|
Com. Reg. No.: |
00814563 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employee : |
12 |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
BARROW,LANE & BALLARD
LIMITED Telephone +44 020 8457 8120
56A CREWYS ROAD Fax +44 020 8458 8211
LONDON Website
www.barrow-lane.co.uk
NW2 2AD
United Kingdom
Company Number: 00814563 Statuses:
Active - Accounts Filed
Foundation: 05/08/1964 VAT: Not disclosed
Payment experience
and credit opinion
This company’s return on total assets employed ratio indicates a highly efficient use of assets. This company trades in an industry with a lower level of corporate failures.
This company’s bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.
This company has been treated as a Large company in respect of the rating/limit generated. This company has made late payments on a medium percentage of invoices. This company’s ratio of total liabilities to total assets indicates the presence of moderate equity funding.
Legal form
Private limited with Share Capital
Foundation
05/08/1964
Company No.
00814563
Shareholders
|
Name |
Currency |
Number
of shares |
Share type |
Nominal value |
|
LOUDWATER MANAGEMENT LTD |
GBP |
100 |
ORDINARY |
0.01 |
|
LOUDWATER MANAGEMENT LTD |
GBP |
100,000 |
DEFERRED |
1 |
|
|
|
|
|
GBP 100,001 |
|
Directors |
||||
|
Name |
Address: |
Date
of birth |
Nationality |
Appointment date |
|
MunirKassamali
Gulamali |
6 Kenmore Road, Kenton,
Harrow, Middlesex HA3 9EL |
05/02/1955 |
British |
22/10/1996 |
|
Mr Mark David Gravette |
32 Thornash Road,
Horsell, Woking, Surrey GU21 4UW |
02/12/1958 |
British |
22/10/1996 |
|
Mr Maurice Stimler |
56a Crewys Road, London NW2 2AD |
16/01/1978 |
British |
25/10/2010 |
|
Mr Stanley Stimler |
97 The Ridgeway, London NW11 9RX |
05/06/1955 |
British |
25/10/2010 |
|
Mr Anthony Herman
Stimler |
2 Holmfield Avenue, London NW4 2LN |
03/10/1971 |
British |
25/10/2010 |
Secretary
No Secretary appointed
Other Known
Addresses
56A Crewys Road, London NW2 2AD
Pentagon House, 52-54 Southwark Street, London, London SE1 1UR
Company No. Name Status
Country
Ultimate
parent
02669850 LOUDWATER TRADE AND FINANCE LIMITED Active United Kingdom
Main activity
Principal Activity Import, export and distribution of edible nuts and dried fruits.
SIC03 Agents agricultural & textile raw materials
SIC07 Agents selling agricultural raw materials, livestock, textile raw materials and semifinished Goods
Turnover and
Employees
|
Date of Accounts |
|
|
|
30/09/2012 |
GBP 64,970,312 |
13 |
|
30/09/2013 |
GBP 67,639,670 |
16 |
|
30/09/2014 |
GBP 75,686,779 |
12 |
Banks
Bank Name Bank Branch
Sort Code
LLOYDS TSB BANK PLC 30-00-02
Auditor
Auditor name
RDP NEWMANS LLP
|
Company history |
|
|
Date |
|
|
24/08/2010 |
Annual Returns |
|
30/08/2010 |
New Accounts Filed |
|
03/11/2010 |
Mr PG. Sawbridge has resigned
as company secretary |
|
03/11/2010 |
New Board Member Mr S.
Stimler appointed |
|
03/11/2010 |
New Board Member Mr A.H.
Stimler appointed |
|
04/11/2010 |
New Board Member Mr M.
Stimler appointed |
|
16/11/2010 |
New Board Member Mr S. Stimler
appointed |
|
16/11/2010 |
New Board Member Mr M.
Stimler appointed |
|
28/01/2011 |
New Accounts Filed |
|
28/01/2011 |
New Accounts Filed |
|
19/09/2011 |
Annual Returns |
|
17/01/2012 |
New Accounts Filed |
|
17/01/2012 |
New Accounts Filed |
|
24/08/2012 |
Annual Returns |
|
17/12/2012 |
New Accounts Filed |
|
17/12/2012 |
New Accounts Filed |
|
02/09/2013 |
Annual Returns |
|
16/01/2014 |
Mr PJ. Morgan has left
the board |
|
16/01/2014 |
Mr PG. Sawbridge has left
the board |
|
23/01/2014 |
New Accounts Filed |
|
23/01/2014 |
New Accounts Filed |
|
24/01/2014 |
Change in Reg.Office |
|
24/01/2014 |
Change of Company
Postcode |
|
27/08/2014 |
Annual Returns |
|
27/08/2014 |
Annual Returns |
|
23/12/2014 |
New Accounts Filed |
|
23/12/2014 |
New Accounts Filed |
MORTGAGES
|
Chargecreated |
22/08/1983 |
|
Chargeregistered |
31/08/1983 |
|
Status |
SATISFIED |
|
Entitledperson |
COUNTYBANKLIMITED |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
FIXEDANDFLOATINGCHARGEOVERTHEUNDERTAKINGANDALLPROPERTYANDASSETSPRESENTANDFUTUREINCLUDINGBOOKDEBTSGOODWILLUN-CALLEDCAPITAL. |
|
|
|
|
Chargecreated |
21/07/1986 |
|
Chargeregistered |
29/07/1986 |
|
Status |
SATISFIED |
|
Entitledperson |
BANQUEINTERNATIONALALUXEMBOURG |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
ALLGOODS,BILLSOFLADINGWARRANTS,DELIVERYORDERSDOCUMENTSOFTITLETOGOODSANDALLPROPERTYANDOTHERRIGHTSEMBODIEDTHEREIN;ALLPROCEEDSOFTHESALEOROTHERDISPOSITIONOFTHEGOODS.ASDE-LIVEREDTOORINTHEPOSSESSIONOFTHEBANK,ORHELDTOITSORDERNOWORATANYTIME. |
|
|
|
|
Chargecreated |
04/04/1990 |
|
Chargeregistered |
19/04/1990 |
|
Status |
SATISFIED |
|
Entitledperson |
GIROZENTRALEUNDBANKDEROSTERREICHISCHENSPARKASSENAKTIENGE-SELLSCHAFT |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
ALLGOODS,BILLSOFLADING WARRANTS, DELIVERYORDERSANDALLDOCU-MENTSOFTITLETOGOODSWHATSOEVERDEPOSITEDBYORONBEHALFOFTHECOMPANYWITHTHEBANK(SEEFORM395FORFULLDETAILS) |
|
|
|
|
Chargecreated |
22/06/1990 |
|
Chargeregistered |
28/06/1990 |
|
Status |
SATISFIED |
|
Entitledperson |
CITYMERCHANTSBANKLIMITED |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
ALLGOODSBILLSOFLADINGDOCKANDWAREHOUSEWARRANTSANDOTHERDOCUMENTSTOBEDEPOSITED(SEEFORM395FORFULLDETAILS) |
|
|
|
|
Chargecreated |
16/07/1990 |
|
Chargeregistered |
01/08/1990 |
|
Status |
SATISFIED |
|
Entitledperson |
RIGGSAPBANKLIMITED |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
ALLBILLSOFEXCHANGEPROMISSORYNOTES,SHIPPINGDOCUMENTSANDDOCUMENTSOFTITLETOMERCHANDISEREPRESENTEDTHEREBY. |
|
|
|
|
Chargecreated |
14/08/1992 |
|
Chargeregistered |
25/08/1992 |
|
Status |
SATISFIED |
|
Entitledperson |
BANKMEESANDHOPENV |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
ALLGOODSANDALLBILLSOFEXCHANGE,PROMISSORYNOTESANDNEGO-TIABLEINSTRUMENTSOFANYDESCRIPTION,ALLBILLSOFLADINGCOMBINEDANDOTHERTRANSPORTDOCUMENTSETCRELATINGTOGOODSASDELIVEREDTOORINTHEPOSSESSIONOFTHEBANKORHELDTOITSORDERNOWORATANYTIME(SEEFORM395FORFULLDETAILS) |
|
|
|
|
Chargecreated |
11/12/1992 |
|
Chargeregistered |
18/12/1992 |
|
Status |
SATISFIED |
|
Entitledperson |
BANQUEFRANCAISEDUCOMMERCEEXTERIEUR |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
ALLGOODS,BILLSOFLADING,WARRANTS,DELIVERYORDERS,DOCUMENTSOFTITLETOGOODS,ANDALLPROPERTYANDOTHERRIGHTSEMBODIEDTHEREIN(SEEFORM395FORFULLDETAILS) |
|
|
|
|
Chargecreated |
07/06/2002 |
|
Chargeregistered |
17/06/2002 |
|
Status |
SATISFIED |
|
Entitledperson |
NATEXISBANQUESPOPULAIRES |
|
Securedamount |
ALLMONIESDUEOR TOBECOMEDUEFROMTHE COMPANYTO THECHARGEE |
|
Mortgagedetail |
ALLGOODS,BILLSOFLADING,WARRANTS,DELIVERYORDERS,DOCUMENTSOFTITLETOGOODSANDALLPROPERTYANDOTHERRIGHTSTHEREON;THEPRO-CEEDSOFSALETHEREOFANDALLINSURANCESSEETHEMORTGAGECHARGEDOCUMENTFORFULLDETAILS |
|
|
|
|
Chargecreated |
28/08/2003 |
|
Chargeregistered |
13/09/2003 |
|
Status |
SATISFIED |
|
Entitledperson |
ALLIEDIRISHBANKSPLC |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
APLEDGEUPONALLGOODSANDUPONALLBILLSOFLADING,WARRANTS,DE-LIVERYORDERSANDALLDOCUMENTSOFTITLEORANYOTHERDOCUMENTSRELATINGTOGOODS,ALLPROPERTYANDOTHERRIGHTSSEETHEMORTGAGECHARGEDOCUMENTFORFULLDETAILS |
|
|
|
|
Chargecreated |
15/01/2007 |
|
Chargeregistered |
23/01/2007 |
|
Status |
SATISFIED |
|
Entitledperson |
BANKLEUMI(UK)PLC |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROM THECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVERUNDERTHETERMSOFTHEAFOREMEN-TIONEDINSTRUMENTCREATINGOREVIDENCINGTHECHARGE |
|
Mortgagedetail |
FIXEDANDFLOATINGCHARGESOVERTHEUNDERTAKINGANDALLPROP-ERTYANDASSETSPRESENTANDFUTUREINCLUDINGGOODWILLBOOKDEBTSBUILDINGSFIXTURESPLANTANDMACHINERYSEETHEMORTGAGECHARGEDOCUMENTFORFULLDETAILS |
|
|
|
|
Chargecreated |
15/01/2007 |
|
Chargeregistered |
01/02/2007 |
|
Status |
SATISFIED |
|
Entitledperson |
KBCBANKNVLONDONBRANCH |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROM THECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVERUNDERTHETERMSOFTHEAFOREMEN-TIONEDINSTRUMENTCREATINGOREVIDENCINGTHECHARGE |
|
Mortgagedetail |
FIXEDANDFLOATING CHARGESOVERTHE UNDERTAKINGANDALL
PROPERTYANDASSETSPRESENTANDFUTUREINCLUDINGGOODWILLUNCALLEDCAPITALBUILDINGSFIXTURESPLANTANDMACHINERYSEETHEMORTGAGECHARGEDOCUMENTFORFULLDETAILS |
|
|
|
|
Chargecreated |
15/01/2007 |
|
Chargeregistered |
23/01/2007 |
|
Status |
SATISFIED |
|
Entitledperson |
BANKLEUMI(UK)PLC |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
FIXED
CHARGEALL MONIESON ANYCURRENTDEPOSIT OROTHERACCOUNTORACCOUNTSORUNDERANYDEPOSITRECEIPT(THEDEPOSITMONIES) |
|
|
|
|
Chargecreated |
15/01/2007 |
|
Chargeregistered |
23/01/2007 |
|
Status |
SATISFIED |
|
Entitledperson |
BANKLEUMI(UK)PLC |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROM THECOMPANYTOTHECHARGEEUNDERTHETERMSOFTHEAFOREMENTIONEDINSTRUMENTCREATINGOREV-IDENCINGTHECHARGE |
|
Mortgagedetail |
THEASSIGNEDASSETSSEETHEMORTGAGECHARGEDOCUMENTFORFULLDETAILS |
|
|
|
|
Chargecreated |
15/01/2007 |
|
Chargeregistered |
19/01/2007 |
|
Status |
SATISFIED |
|
Entitledperson |
NATIONALWESTMINSTERBANKPLC |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
FIXEDANDFLOATING CHARGESOVERTHE UNDERTAKINGANDALL
PROPERTYANDASSETSPRESENTANDFUTUREINCLUDINGGOODWILLBOOKDEBTSUN-CALLEDCAPITALBUILDINGSFIXTURESFIXEDPLANTANDMACHINERY |
|
|
|
|
Chargecreated |
04/02/2010 |
|
Chargeregistered |
10/02/2010 |
|
Status |
OUTSTANDING |
|
Entitledperson |
LLOYDSTSBBANKPLC |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
ANYFDOCUMENTSANDTHEGOODSTOWHICHTHEYRELATEWHERETHEBAK,WITHTHEASSENTOFTHECOMPANYANDFORTHEACCOUNTOFTHECOM-PANY,RECEIVESANDMAKESADVANCESORPAYMENTAGAINSTSUCHDOCU-MENTS.ANYMONIESWHICHMAYFROMTIMETOTIMEBECOMEPAYABLEUNDERALLORANYOFTHEINSURANCEPOLICIESCOMPRISEDINTHEGOODS |
|
|
|
|
Chargecreated |
22/02/2010 |
|
Chargeregistered |
04/03/2010 |
|
Status |
OUTSTANDING |
|
Entitledperson |
LLOYDSTSBBANKPLC |
|
Securedamount |
ALLMONIESDUEORTOBECOMEDUE FROMTHECOMPANYTOTHECHARGEEONANYACCOUNTWHATSOEVER |
|
Mortgagedetail |
FIXEDANDFLOATINGCHARGEOVERTHEUNDERTAKINGANDALLPROPERTYANDASSETSPRESENTANDFUTURE,INCLUDINGGOODWILL,BOOKDEBTS,UN-CALLEDCAPITAL,BUILDINGS,FIXTURES,FIXEDPLANTANDMACHINERY |
|
|
|
|
Chargecreated |
22/02/2010 |
|
Chargeregistered |
27/02/2010 |
|
Status |
SATISFIED |
|
Entitledperson |
NATIONALWESTMINSTERBANKPLC |
|
Mortgagedetail |
FIXEDANDFLOATINGCHARGEOVERTHEUNDERTAKINGANDALLPROPERTYANDASSETSPRESENTANDFUTURE,INCLUDINGGOODWILL, UNCALLEDCAPI-TAL,BUILDINGS,FIXTURES,FIXEDPLANTANDMACHINERY |
County Court
Judgments (CCJs)
There are no County Court Judgments listed against this company
PROFIT & LOSS
|
|
52 GBP Group: No |
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
|
Turnover |
75,686,779 |
67,639,670 |
64,970,312 |
60,317,024 |
|
Export |
- |
- |
- |
- |
|
|
30/09/2014 52 GBP Group: No |
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
|
Cost of Sales |
72,614,916 |
64,298,518 |
61,952,722 |
58,644,381 |
|
Gross Profit |
3,071,863 |
3,341,152 |
3,017,590 |
1,672,643 |
|
Wages And Salaries |
828,609 |
901,306 |
823,524 |
570,842 |
|
Directors Emoluments |
280,536 |
504,282 |
498,143 |
408,961 |
|
Operating Profit |
1,675,681 |
1,850,029 |
1,511,532 |
599,413 |
|
Depreciation |
8,822 |
7,305 |
9,043 |
9,924 |
|
Audit Fees |
12,900 |
12,900 |
12,000 |
12,000 |
|
Interests Payments |
319,167 |
266,664 |
201,675 |
177,919 |
|
Pre Tax Profit |
1,356,925 |
1,583,944 |
1,310,219 |
421,748 |
|
Taxation |
-282,894 |
-372,474 |
-296,795 |
-96,727 |
|
Profit After Tax |
1,074,031 |
1,211,470 |
1,013,424 |
325,021 |
|
Dividends Payable |
691,927 |
475,410 |
162,511 |
0 |
|
Retained Profit |
382,104 |
736,060 |
850,913 |
325,021 |
BALANCE SHEET
|
|
52 GBP Group: No |
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
|
TangibleAssets |
44,220 |
24,520 |
30,015 |
33,418 |
|
IntangibleAssets |
0 |
0 |
0 |
0 |
|
TotalFixedAssets |
44,220 |
24,520 |
30,015 |
33,418 |
|
Stock |
10,166,990 |
7,455,432 |
7,879,445 |
7,554,492 |
|
TradeDebtors |
9,351,336 |
8,635,832 |
8,044,539 |
8,631,494 |
|
Cash |
1,142,296 |
357,215 |
590,913 |
604,460 |
|
OtherDebtors |
68,348 |
91,266 |
73,748 |
152,177 |
|
MiscellaneousCurrentAssets |
0 |
0 |
0 |
0 |
|
TotalCurrentAssets |
20,728,970 |
16,539,745 |
16,588,645 |
16,942,623 |
|
TradeCreditors |
2,824,870 |
2,074,907 |
3,820,430 |
4,936,233 |
|
BankLoansandOverdraft |
13,378,806 |
10,194,996 |
9,130,900 |
9,565,180 |
|
OtherShort
Term Finance |
0 |
0 |
0 |
0 |
|
MiscellaneousCurrentLiabilities |
327,193 |
440,980 |
549,908 |
208,601 |
|
TotalCurrentLiabilities |
16,530,869 |
12,710,883 |
13,501,238 |
14,710,014 |
|
BankLoansandOverdraftsLTL |
13,386,167 |
10,195,522 |
9,131,526 |
9,565,324 |
|
OtherLong Term
Finance |
0 |
0 |
0 |
0 |
|
TotalLongTermLiabilities |
7,361 |
526 |
626 |
144 |
CAPITAL & RESERVES
|
|
52 GBP Group: No |
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
|
CalledUpShareCapital |
100,001 |
100,001 |
100,001 |
100,001 |
|
PandLAccountReserve |
4,134,959 |
3,752,855 |
3,016,795 |
2,165,882 |
|
RevaluationReserve |
0 |
0 |
0 |
0 |
|
SundryReserves |
0 |
0 |
0 |
0 |
|
ShareholdersFunds |
4,234,960 |
3,852,856 |
3,116,796 |
2,265,883 |
OTHER FINANCIAL ITEMS
|
|
52 GBP Group: No |
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
|
NetWorth |
4,234,960 |
3,852,856 |
3,116,796 |
2,265,883 |
|
WorkingCapital |
4,198,101 |
3,828,862 |
3,087,407 |
2,232,609 |
|
TotalAssets |
20,773,190 |
16,564,265 |
16,618,660 |
16,976,041 |
|
TotalLiabilities |
16,538,230 |
12,711,409 |
13,501,864 |
14,710,158 |
|
NetAssets |
4,234,960 |
3,852,856 |
3,116,796 |
2,265,883 |
CASH FLOW
|
|
52 GBP Group: No |
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
|
NetCashFlowfromOperations |
-985,887 |
-83,275 |
873,869 |
-3,222,126 |
|
NetCashFlowbeforeFinancing |
-2,398,729 |
-1,297,794 |
420,733 |
-3,685,784 |
|
NetCashFlowfromFinancing |
0 |
0 |
0 |
0 |
|
IncreaseinCash |
785,081 |
-233,698 |
-13,547 |
-217,117 |
MISCELLANEOUS
|
|
52 GBP Group: No |
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
30/09/2011 52 GBP Group: No |
|
Capital Employed |
4,242,321 |
3,853,382 |
3,117,422 |
2,266,027 |
FINANCIAL RATIOS
|
Name |
30.09.2014 |
30.09.2013 |
30.09.2012 |
30.09.2011 |
|
PreTaxProfitMargin |
1.79% |
2.34% |
2.02% |
0.70% |
|
CurrentRation |
1.25 |
1.30 |
1.23 |
1.15 |
|
SalesorNetWorkingCapital |
18.03 |
17.67 |
21.04 |
27.02 |
|
Gearing |
316.09% |
264.62% |
292.98% |
422.15% |
|
Equity |
20.39% |
23.26% |
18.75% |
13.35% |
|
CreditorDays |
13.58 |
11.16 |
21.40 |
29.78 |
|
DebtorDays |
44.97 |
46.47 |
45.07 |
52.08 |
|
LiquidityorAcidtest |
0.63 |
0.71 |
0.64 |
0.63 |
|
ReturnonCapitalEmployed |
31.98% |
41.10% |
42.02% |
18.61% |
|
Returnon Total AssetsEmployed |
6.53% |
9.56% |
7.88% |
2.48% |
|
CurrentDebtRatio |
3.90% |
3.29% |
4.33% |
6.49% |
|
TotalDebtRatio |
3.90% |
3.29% |
4.33% |
6.49% |
|
Stock Turnover Ratio |
13.43% |
11.02% |
12.12% |
12.52% |
|
ReturnonNetAssetsEmployed |
32.04% |
41.11% |
42.03% |
18.61% |
Achieving
high levels of turnover and profitability. The general financial position
appears to be in order and despite payment of dividend good reserves have been
built up. Company is part of group whose turnover for 2013 amounted to GBP
103,069,030 and have 25 employees nationwide. Should continue to trade well for
the foreseeable future.
Next
accounts due to be filed by 30/06/2016
Activity:
Import, Export and distribution of edible dry nuts & fruits
Trading
Address (confirmed): 56A Crewys Road, London NW2 2AD
Branches:
None
You
give: Pentagon House, 52-54 Southwark Street, London, London SE1 1UR This is
their previous address which they left in November 2013.
Employees:
12
Bank : Lloyds Bank
PLC
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.96.00 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.