|
Report No. : |
304381 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
LANSDOWNE CHEMICALS PUBLIC LIMITED COMPANY |
|
|
|
|
Formerly Known As : |
LANSDOWNE CHEMICAL COMPANY LIMITED |
|
|
|
|
Registered Office : |
Winstons House Carterton Oxford OX18 3EZ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.07.2014 |
|
|
|
|
Date of Incorporation : |
13.10.1975 |
|
|
|
|
Com. Reg. No.: |
01229506 |
|
|
|
|
Legal Form : |
Public limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of other inorganic basic chemicals |
|
|
|
|
No. of Employee : |
43 |
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 : |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
|
LANSDOWNE CHEMICALS PUBLIC LIMITED COMPANY
|
Telephone |
+44 (0) 1993 843081 |
|
WINSTONS HOUSE |
Fax |
+44 (0) 1993 841261 |
|
CARTERTON |
Website |
www.lansdownechemicals.com |
|
OXFORD |
|
|
|
OX18 3EZ |
|
|
|
United Kingdom |
|
|
|
Company Number: |
01229506 |
Status: |
Active - Accounts Filed |
|
Foundation: |
13/10/1975 |
VAT No: |
GB153203213 |
Comments
This company’s return on total assets employed ratio indicates a highly efficient use of assets. The company has more cash than short term bank borrowings.
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. This company trades in an industry with a moderate level of corporate failures.
Legal
form
Public limited with Share Capital
Foundation
13/10/1975
Company
No.
01229506
Previous
Names
|
Date of Change |
Previous Name |
|
26/02/1988 |
LANSDOWNE CHEMICAL COMPANY LIMITED |
Shareholders
|
Name |
Currency |
Number
of |
Share
type |
Nominal
value |
|
|
|
shares |
|
|
|
GEORGE WATKINSON-YULL |
GBP |
266,000 |
ORDINARY |
1 |
|
Total
Share Capital |
|
|
|
GBP 266,000 |
Management
|
Directors |
|
|
|
|
|
Name |
Address: |
Date
of |
Nationality |
Appointment |
|
|
|
birth |
date |
|
|
Mr George Watkinson Yull |
Xalet Carrecedo, No 5 Urbanization, El Salze, Els Plans, Escas, La Massana Ad400, Principat D”andorra |
22/12/1943 |
British |
23/03/1992 |
|
Mr Robert Moss |
55 Millwood End, Long Hanborough, Oxfordshire OX29 8BW |
25/09/1968 |
British |
04/02/2004 |
|
Mr Stuart Alexander |
Winstons House, Carterton, Oxford OX18 3EZ |
05/08/1977 |
British |
12/02/2008 |
|
Mr George Watkinson-Yull |
Winstons House, Carterton, Oxford OX18 3EZ |
20/11/1987 |
British |
08/02/2013 |
Company Secretary
|
Name |
Address: |
Appointment |
|
Mr Peter Reginald Taylor |
Winstons House, Carterton, Oxford OX18 3EZ |
12/02/2013 |
Other
Known Addresses
Winstons House, Carterton Industrial Estate, Black Bourton
Road, Carterton, Oxfordshire OX18 3EZ
Main activity
|
Principal
Activity |
A group engaged in manufacturing, marketing and
distribution of chemicals including aromas, water treatment and animal
nutrition products. |
|
SIC03 |
Manufacture other inorganic basic chemicals |
|
SIC07 |
Manufacture of other inorganic basic chemicals |
|
Turnover and
Employees |
|
|
|
Date of
Accounts Turnover |
|
Employees |
|
31/07/2012 |
GBP 64,470,605 |
39 |
|
31/07/2013 |
GBP 66,908,218 |
40 |
|
31/07/2014 |
GBP 60,249,978 |
43 |
Banks
|
Bank
Name |
Bank
Branch Sort Code |
|
LLOYDS TSB BANK PLC |
77-49-01 |
Auditor
name
GRANT THORNTON UK LLP
Events
Company
history
|
Date |
Action |
|
06/04/2010 |
Annual Returns |
|
01/02/2011 |
New Accounts Filed |
|
01/02/2011 |
New Accounts Filed |
|
22/04/2011 |
Annual Returns |
|
27/01/2012 |
New Accounts Filed |
|
27/01/2012 |
New Accounts Filed |
|
27/02/2012 |
Annual Returns |
|
19/12/2012 |
New Accounts Filed |
|
28/02/2013 |
Mr R.J. Clarke has resigned as company secretary |
|
28/02/2013 |
New Board Member Mr G. Watkinson-Yull appointed |
|
01/03/2013 |
New Company Secretary Mr P.R. Taylor appointed |
|
05/03/2013 |
Annual Returns |
|
21/01/2014 |
New Accounts Filed |
|
21/01/2014 |
New Accounts Filed |
|
03/03/2014 |
Annual Returns |
|
13/12/2014 |
New Accounts Filed |
|
13/12/2014 |
New Accounts Filed |
Mortgages
|
Charge created |
15/08/1980 |
|
Charge registered |
19/08/1980 |
|
Status |
SATISFIED |
|
Entitled person |
SWISS BANK CORPORATION |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
|
|
ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL. |
|
|
|
|
Charge created |
20/08/1984 |
|
Charge registered |
30/08/1984 |
|
Status |
SATISFIED |
|
Entitled person |
SWISS BANK CORPORATION |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE SUPPLEMENTAL TO A DEBENTURE DATED 15/08/80 |
|
Mortgage detail |
ALL PRESENT AND FUTURE BOOK DEBT OWING TO THE COMPANY |
|
|
|
|
Charge created |
15/07/1986 |
|
Charge registered |
22/07/1986 |
|
Status |
SATISFIED |
|
Entitled person |
LLOYDS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
INCLUDING TRADE FIXTURES FIXED AND FLOATING CHARGES OVER THE UN- DERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUD- ING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
|
|
|
|
Charge created |
19/05/1987 |
|
Charge registered |
22/05/1987 |
|
Status |
SATISFIED |
|
Entitled person |
SUMITOMO CORPORATION (UK) LIMITED |
|
Mortgage detail |
(INCLUDING TRADE FIXTURES)FIXED AND FLOATING CHARGES OVER THE UN- DERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUD- ING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
|
|
|
|
Charge created |
29/07/1994 |
|
Charge registered |
07/08/1994 |
|
Status |
SATISFIED |
|
Entitled person |
HAMBROS BANK LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
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 |
|
|
|
|
Charge created |
19/11/1997 |
|
Charge registered |
22/11/1997 |
|
Status |
SATISFIED |
|
Entitled person |
LLOYDS BANK PLC |
|
Mortgage detail |
L/H PROPERTY K/A OR BEING PLOT 7 PHASE II CARTERTON INDUSTRIAL ES- TATETOGETHER WITH ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FIXED PLANTAND MACHINERY BY WAY OF FIXED CHARGE ALL PRESENT AND FUTURE BOOK AND OTHER DEBTS FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT BY WAY OF ASSIGNMENT THEGOODWILL OF THE BUSINESS (IF ANY) THE FULL BENEFIT OF ALL LICENCES AND ALL GUARANTEES |
|
|
|
|
Charge created |
19/11/1997 |
|
Charge registered |
22/11/1997 |
|
Status |
OUTSTANDING |
|
Entitled person |
LLOYDS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
L/H PROPERTY K/A OR BEING PLOT 3 PHASE II CARTERON INDUSTRIAL ESTATE TOGETHER WITH ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FIXED PLANT AND MACHINERY BY WAY OF FIXED CHARGE ALL PRESENT AND FUTURE BOOK AND OTHER DEBTS FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT BY WAY OF ASSIGNMENT THE GOODWILL OF THE BUSINESS (IF ANY) THE FULL BENEFIT OF ALL LICENCES AND ALL GUARANTEES |
|
|
|
|
Charge created |
19/11/1997 |
|
Charge registered |
22/11/1997 |
|
Status |
OUTSTANDING |
|
Entitled person |
LLOYDS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
L/H PROPERTY K/A OR BEING PLOT 2 PHASE II CARTERON INDUSTRIAL ESTATE TOGETHER WITH ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FIXED PLANT AND MACHINERY BY WAY OF FIXED CHARGE ALL PRESENT AND FUTURE BOOK AND OTHER DEBTS FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT BY WAY OF ASSIGNMENT THE GOODWILL OF THE BUSINESS (IF ANY) THE FULL BENEFIT OF ALL LICENCES AND ALL GUARANTEES |
|
|
|
|
Charge created |
19/11/1997 |
|
Charge registered |
22/11/1997 |
|
Status |
OUTSTANDING |
|
Entitled person |
LLOYDS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
|
|
|
Mortgage detail |
.FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
16/01/2003 |
|
Charge registered |
18/01/2003 |
|
Status |
SATISFIED |
|
Entitled person |
THE SECRETARY OF STATE FOR DEFENCE |
|
Mortgage detail |
LAND AT BLAKEHILL BRAYDON LANE CHELWORTH INDUSTRIAL ESTATE CRICK- DALE WILTSHIRE |
|
|
|
|
Charge created |
11/02/2009 |
|
Charge registered |
12/02/2009 |
|
Status |
OUTSTANDING |
|
Entitled person |
LLOYDS TSB COMMERCIAL FINANCE LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMEN- TIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage detail |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UN- CALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT AND MACHINERY SEE IM- AGEFOR FULL DETAILS |
|
|
|
|
Charge created |
22/07/2010 |
|
Charge registered |
30/07/2010 |
|
Status |
OUTSTANDING |
|
Entitled person |
LLOYDS TSB BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage detail |
L/H UNIT 7 AND 6A CARTERTON INDUSTRIAL ESTATE BLACK BOURTON ROAD CARTERTON; TOGETHER WITH ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES). FIXED PLANT AND MACHINERY BY WAY OF FIXED CHARGE, ALL PRESENT AND FUTURE BOOK AND OTHER DEBTS, FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY, IMPLEMENTS, UTENSILS, FURNITURE AND EQUIPMENT BY WAY OF ASSIGNMENT. THE GOODWILL OF THE BUSINESS (IF ANY), THE FULL BENEFIT OF ALL LICENCES AND GUARANTEES. SEE IMAGE FOR FULL DETAILS |
|
|
|
|
Charge created |
18/04/2012 |
|
Charge registered |
19/04/2012 |
|
Status |
OUTSTANDING |
|
Entitled person |
LLOYDS TSB BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
ANY DOCUMENTS AND THE GOODS (WHICH INCLUDES PRODUCE) TO WHICH THEY RELATE WHERETHE BANK, WITH THE ASSENT OF THE COMPANY AND FOR THE ACCOUNT OF THE COMPANY RECEIVES AND MAKES ADVANCES OR PAYMENT AGAINST SUCH DOCUMENTS, ANY MONIES PAYABLE UNDER ALL OR ANY OF THE INSURANCE POLICIES COMPRISED IN THE GOODS. |
|
|
|
|
Charge created |
28/11/2012 |
|
Charge registered |
05/12/2012 |
|
Status |
OUTSTANDING |
|
Entitled person |
LLOYDS TSB BANK PLC; |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
L/H PROPERTY K/A THOR INDUSTRAIL ESTATENORMANDY LANE CRICKLADE T/NO WT214113 TOGETHER WITH ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES). FIXED PLANT AND MACHINERY BY WAY OF FIXED CHARGE, ALL PRESENT AND FUTURE BOOK AND OTHER DEBTS, FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY, IMPLEMENTS, UTENSILS, FURNITURE AND EQUIPMENT BY WAY OF ASSIGNMENT. THE GOODWILL OF THE BUSINESS (IF ANY), THE FULL BENEFIT OF ALL LICENCES AND GUARANTEES |
County
Court Judgments (CCJs)
There are no County Court Judgments listed against this
company
Profit
& Loss
|
|
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Turnover |
60,249,978 |
66,908,218 |
64,470,605 |
57,674,469 |
|
Export |
34,677,122 |
42,404,655 |
- |
- |
|
Cost of Sales |
52,388,158 |
58,405,232 |
55,160,721 |
49,284,763 |
|
Gross Profit |
7,861,820 |
8,502,986 |
9,309,884 |
8,389,706 |
|
Wages And Salaries |
1,668,817 |
1,651,883 |
1,587,120 |
1,728,075 |
|
Directors Emoluments |
434,360 |
439,016 |
270,089 |
368,700 |
|
Operating
Profit |
4,078,399 |
4,564,611 |
5,481,866 |
4,528,980 |
|
Depreciation |
375,558 |
405,547 |
401,067 |
425,543 |
|
Audit Fees |
20,000 |
19,600 |
19,600 |
18,500 |
|
Interests Payments |
143,195 |
113,266 |
112,224 |
214,431 |
|
Pre
Tax Profit |
3,936,464 |
4,452,220 |
5,371,179 |
4,316,882 |
|
Taxation |
-893,821 |
-1,075,452 |
-1,393,043 |
-1,241,169 |
|
Profit After Tax |
3,042,643 |
3,376,768 |
3,978,136 |
3,075,713 |
|
Dividends Payable |
2,999,998 |
1,901,131 |
1,500,240 |
0 |
|
Retained
Profit |
42,645 |
1,475,637 |
2,477,896 |
3,075,713 |
Balance Sheet
|
|
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Tangible Assets |
2,377,224 |
3,598,071 |
2,458,354 |
2,709,105 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
|
Total
Fixed Assets |
2,377,224 |
3,598,071 |
2,458,354 |
2,709,105 |
|
Stock |
11,921,505 |
12,531,836 |
11,318,793 |
11,089,486 |
|
Trade Debtors |
9,708,346 |
10,522,533 |
11,293,623 |
8,642,518 |
|
Cash |
3,207,082 |
1,860,832 |
1,156,264 |
525,848 |
|
Other Debtors |
158,809 |
52,430 |
267,427 |
117,549 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total
Current Assets |
24,995,742 |
24,967,631 |
24,036,107 |
20,375,401 |
|
Trade Creditors |
6,103,739 |
7,799,250 |
8,079,097 |
7,282,790 |
|
Bank Loans and Overdraft |
1,084,349 |
2,843,505 |
5,186,064 |
4,091,528 |
|
Other Short Term Finance |
5,110,958 |
834,396 |
0 |
545,216 |
|
Miscellaneous Current Liabilities |
1,490,799 |
2,779,707 |
1,207,169 |
1,462,677 |
|
Total
Current Liabilities |
13,789,845 |
14,256,858 |
14,472,330 |
13,382,211 |
|
Bank Loans and Overdrafts LTL |
1,203,739 |
3,544,762 |
5,263,771 |
4,148,943 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total
Long Term Liabilities |
119,390 |
701,257 |
77,707 |
57,415 |
Capital &
Reserves
|
|
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Called Up Share Capital |
266,000 |
266,000 |
266,000 |
266,000 |
|
P and L Account Reserve |
12,448,214 |
12,592,070 |
10,928,907 |
8,629,363 |
|
Revaluation Reserve |
175,077 |
175,077 |
175,077 |
175,077 |
|
Sundry Reserves |
574,440 |
574,440 |
574,440 |
574,440 |
|
Shareholders
Funds |
13,463,731 |
13,607,587 |
11,944,424 |
9,644,880 |
Other Financial Items
|
|
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Net
Worth |
13,463,731 |
13,607,587 |
11,944,424 |
9,644,880 |
|
Working
Capital |
11,205,897 |
10,710,773 |
9,563,777 |
6,993,190 |
|
Total
Assets |
27,372,966 |
28,565,702 |
26,494,461 |
23,084,506 |
|
|
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Total
Liabilities |
13,909,235 |
14,958,115 |
14,550,037 |
13,439,626 |
|
Net
Assets |
13,463,731 |
13,607,587 |
11,944,424 |
9,644,880 |
Cash Flow
|
|
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Net Cash Flow from Operations |
2,794,540 |
6,171,755 |
3,093,586 |
3,279,795 |
|
Net Cash Flow before Financing |
-536,156 |
1,577,731 |
81,095 |
1,812,594 |
|
Net Cash Flow from Financing |
1,877,785 |
-925,183 |
794,674 |
-1,745,362 |
|
Increase in Cash |
1,346,250 |
704,568 |
630,416 |
340,293 |
Miscellaneous
|
|
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
|
Capital Employed |
13,583,121 |
14,308,844 |
12,022,131 |
9,702,295 |
Financial Ratios
|
Name |
31/07/2014 |
31/07/2013 |
31/07/2012 |
31/07/2011 |
|
Pre Tax Profit Margin |
6.53 % |
6.65 % |
8.33 % |
7.48 % |
|
Current Ration |
1.81 |
1.75 |
1.66 |
1.52 |
|
Sales or Net Working Capital |
5.38 |
6.25 |
6.74 |
8.25 |
|
Gearing |
8.94 % |
26.05 % |
44.07 % |
43.02 % |
|
Equity |
49.19 % |
47.64 % |
45.08 % |
41.78 % |
|
Creditor Days |
36.87 |
42.43 |
45.61 |
45.96 |
|
Debtor Days |
58.65 |
57.24 |
63.76 |
54.54 |
|
Liquidity or Acid test |
0.94 |
0.87 |
0.87 |
0.69 |
|
Return on Capital Employed |
28.98 % |
31.11 % |
44.67 % |
44.49 % |
|
Return on Total Assets Employed |
14.38 % |
15.58 % |
20.27 % |
18.70 % |
|
Current Debt Ratio |
1.02 % |
1.04 % |
1.21 % |
1.38 % |
|
Total Debt Ratio |
1.03 % |
1.09 % |
1.21 % |
1.39 % |
|
Stock Turnover Ratio |
19.78 % |
18.72 % |
17.55 % |
19.22 % |
|
Return on Net Assets Employed |
29.23 % |
32.71 % |
44.96 % |
44.75 % |
Remarks
Achieving good levels of turnover and profitability. The general financial position appears to be in order and despite large payment of dividend good reserves have been maintained. Should continue to trade well for the foreseeable future.
Next accounts due to be filled by 31/01/2016
Activity: Chemical distribution, manufacturing and marketing company with two UK sites and operations in Europe, Asia and the USA.
Trading Address: Winstons House, Carterton, Oxfordshire, OX18 3EZ Branches: Group operates Worldwide
Employees: 43
Bank: Lloyds Bank PLC
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.49 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.