MIRA INFORM REPORT
|
Report No. : |
328556 |
|
Report Date : |
25.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENGLISH COUNTRY HERBS LIMITED |
|
|
|
|
Registered Office : |
Bury Road Chedburgh Bury St Edmunds IP29 4UQ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
01.10.1990 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Subject is engaged in growing of cereals (except rice), leguminous
crops and oil |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
£10000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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. 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. In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.
|
Source
: CIA |
Company Name
ENGLISH COUNTRY
HERBS LIMITED
Registered Address
BURY ROAD CHEDBURGH BURY ST EDMUNDS IP29 4UQ
Company Summary
Registered Address
BURY ROAD
CHEDBURGH
BURY ST EDMUNDS
IP29 4UQ
Trading Address
Bury Road
Chedburgh
Bury St. Edmunds
Suffolk
IP29 4UQ
Website Address http://www.echerbs.co.uk
Telephone Number 01284850050
Fax Number
TPS No
FPS No
Incorporation Date 01/10/1990
Previous Name
Type Private limited
with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 20/06/2014
Currency GBP
Share Capital £100
SIC07 01110
Charity Number -
SIC07 Description GROWING OF CEREALS (EXCEPT RICE), LEGUMINOUS CROPS AND OIL SEEDS
Principal Activity Grow vegetables and nursery products.
Today’s Credit Limit £10000
Key
Financials
Year to Date Turnover Pre Tax Profit Shareholder
Funds Employees
30/09/2013 -
- £257,510 -
30/09/2012 - - £344,527 -
30/09/2011 - - £382,609 -
Mortgage
Summary
Total Mortgage 1
Outstanding 1
Satisfied 0
Trade
Debtors / Bad Debt Summary
Total Number of
Documented Trade 0
Total Value of
Documented Trade £0
Commentary
|
This company has been treated as a Small
company in respect of the rating/limit generated. |
|
|
This company has only made late payments on
a low percentage of invoices. |
|
|
The latest Balance Sheet indicates a
negative net working capital position. |
|
|
There has been a reduction in shareholders
funds compared with the previous balance sheet. |
|
|
This company trades in an industry with a
lower level of corporate failures. |
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 - |
- |
|
Total Current Directors |
1 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
2 |
Current
Directors
|
Name |
Andrew Dennis Frewer |
Date of Birth |
22/02/1954 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment Date |
01/10/1991 |
||
|
Address |
Elandene Bury Road, Chedburgh, Bury St
Edmunds, Suffolk, IP29 4UQ |
||
Current
Company Secretary
|
Name |
Claire Michelle Leeks |
Date of Birth |
16/08/1977 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
10/12/1997 |
||
|
Address |
65 Sicklesmere Road, Bury St Edmunds, Suffolk,
IP33 2BS |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
|
ANDREW DENIS FREWER |
GBP |
100 |
ORDINARY |
1 |
100 |
Profit & Loss
|
Date Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£559 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance
Sheet
|
Date
Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Tangible Assets |
£1,677 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Intangible Assets |
£462,967 |
-10.5% |
£517,434 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Fixed Assets |
£464,644 |
-10.2% |
£517,434 |
- |
0 |
- |
0 |
- |
0 |
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade Debtors |
£1,282,400 |
18.4% |
£1,083,078 |
-25.1% |
£1,445,320 |
25.9% |
£1,148,043 |
25.4% |
£915,153 |
|
Cash |
£324,950 |
-9% |
£357,043 |
845.5% |
£37,762 |
16.9% |
£32,294 |
- |
0 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£1,607,350 |
11.6% |
£1,440,121 |
-2.9% |
£1,483,082 |
25.6% |
£1,180,337 |
29% |
£915,153 |
|
Trade Creditors |
£1,814,484 |
12.5% |
£1,613,028 |
46.6% |
£1,100,473 |
36.8% |
£804,630 |
41.2% |
£569,727 |
|
Bank Loans &
Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous
Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Liabilities |
£1,814,484 |
12.5% |
£1,613,028 |
46.6% |
£1,100,473 |
36.8% |
£804,630 |
41.2% |
£569,727 |
|
Bank Loans &
Overdrafts and LTL |
0 |
- |
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 |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Called Up Share
Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
P & L Account
Reserve |
£257,410 |
-25.3% |
£344,427 |
-10% |
£382,509 |
1.8% |
£375,607 |
8.8% |
£345,326 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder
Funds |
£257,510 |
-25.3% |
£344,527 |
-10% |
£382,609 |
1.8% |
£375,707 |
8.8% |
£345,426 |
Other
Financial Items
|
Date
Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Net
Worth |
-£205,457 |
-18.8% |
-£172,907 |
-145.2% |
£382,609 |
1.8% |
£375,707 |
8.8% |
£345,426 |
|
Working
Capital |
-£207,134 |
-19.8% |
-£172,907 |
-145.2% |
£382,609 |
1.8% |
£375,707 |
8.8% |
£345,426 |
|
Total
Assets |
£2,071,994 |
5.8% |
£1,957,555 |
32% |
£1,483,082 |
25.6% |
£1,180,337 |
29% |
£915,153 |
|
Total
Liabilities |
£1,814,484 |
12.5% |
£1,613,028 |
46.6% |
£1,100,473 |
36.8% |
£804,630 |
41.2% |
£569,727 |
|
Net
Assets |
£257,510 |
-25.3% |
£344,527 |
-10% |
£382,609 |
1.8% |
£375,707 |
8.8% |
£345,426 |
Cash
Flow
|
Date Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date
Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£257,510 |
-25.3% |
£344,527 |
-10% |
£382,609 |
1.8% |
£375,707 |
8.8% |
£345,426 |
|
Number of
Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt
from audit |
||||||||
|
Bankers |
TRUSTEE SAVINGS
BANK |
||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
0.89 |
0.89 |
1.35 |
1.47 |
1.61 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
16 |
23.90 |
25.80 |
31.80 |
37.70 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.88 |
0.89 |
1.34 |
1.46 |
1.60 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
7.04 |
4.68 |
2.87 |
2.14 |
1.64 |
|
Total Debt Ratio |
7.04 |
4.68 |
2.87 |
2.14 |
1.64 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Previous
Company Names
|
No Previous Names found |
Writ Details
|
No writs found |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding
Company |
- |
Group Structure
|
Group |
0 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Mortgage
Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
10/05/98 |
||
|
Date Charge
Registered: |
14/05/98 |
||
|
Date Charge
Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
TSB 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 FIXTURES FIXED PLANT AND MACHINERY SEE
THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Robert Duncan Frewer |
0 |
2 |
|
Robert Duncan Frewer |
0 |
2 |
|
Average Invoice
Value |
Ł387.83 |
|
|
Invoices
available |
36 |
|
|
Paid |
36 |
|
|
Outstanding |
0 |
|
Trade Payment Data is information that we collect
from selected third party partners who send us information about their whole
sales ledger. |
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
|
Paid |
23 |
7 |
1 |
1 |
4 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.66 |
|
|
1 |
Rs.100.50 |
|
Euro |
1 |
Rs.71.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ASH |
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.