MIRA INFORM REPORT

 

 

Report No. :

329663

Report Date :

26.06.2015

 

IDENTIFICATION DETAILS

 

Name :

LIBERTY COMMODITIES LIMITED

 

 

Formerly Known As :

LIBERTY MARINE PRODUCTS LIMITED

 

 

Registered Office :

No 7 Hertford Street, London W1J 7Rh

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

10.04.1997

 

 

Com. Reg. No.:

03349135

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

·         International commodity traders. Accounts data converted from US Dollars.

·         Wholesale of metals and metal ores

 

 

No. of Employees :

21 [2013]

 

 

 

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 – 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 identification

 

LIBERTY COMMODITIES LIMITED

Telephone

+44 020 3205 8550

No 7 Hertford Street

Fax

-

London

Website

www.commodities.com.gh

W1j 7rh

 

 

United Kingdom

 

 

 

Company Number:

03349135

Status:

Active - Accounts Filed

Foundation:

10/04/1997

 

 

 

 

 Main indices

 

Payment experience and credit opinion

 

 

Comments

 

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’s return on total assets employed ratio indicates a relatively efficient use of assets. This company’s ratio of total liabilities to total assets indicates the presence of moderate equity funding.

 

 

Basic information

 

Legal form

 

Private limited with Share Capital

 

Foundation

 

10/04/1997

 

Company No.

 

03349135

 

Previous Name

 

Date of Change

Previous Name

17/10/1997

LIBERTY MARINE PRODUCTS LIMITED

 

Shareholders

 

Name

Currency

Number of shares

Share type

Nominal value

LIBERTY TRADING GROUP PTE LTD

GBP

29,792,927

ORDINARY

1

Total Share Capital

 

 

 

GBP 29,792,927

 

 

Management

 

Directors

Name

Address:

Date of

birth

Nationality

Appointment date

Mr. Sanjeev Gupta

Villa 23 Fround O, The Palm Jumeirah, Dubai

27/07/1971

 

10/04/1997

 

Company Secretary

 

Name

Address:

Appointment Date

Surinder Jolly

67 Brownlow Road, London N11 2BJ

10/04/1997

 

Other Known Addresses

 

7 Hertford Street, London W1J 7RH

 

Company relationships

 

Company No.

Name

Status

Country

Ultimate parent

-

LIBERTY HOUSE GROUP PTE LTD

Other

SG

Affiliated companies

-

LIBERTY TRADING GROUP PTE LTD

Other

SG

Immediate parent

-

LIBERTY TRADING GROUP PTE LTD

Other

SG

 

Business Activities

 

Main activity

Principal Activity

International commodity traders. Accounts data converted from US Dollars.

SIC03

Wholesale of metals and metal ores

SIC07

Wholesale of metals and metal ores

 

Economic Data

 

Turnover and Employees

 

Date of Accounts

Turnover

Employees

31/12/2011

GBP 638,154,439

23

31/12/2012

GBP 759,270,443

24

31/12/2013

GBP 817,117,690

21

 

Supplementary Data

 

Banks

 

Bank Name

Bank Branch Sort Code

THE ROYAL BANK OF SCOTLAND PLC

16-08-82

 

Auditor

 

Auditor Name

 

H W Fisher & Co

 

Events

 

County Court Judgments (CCJs)

Date

Amount

Court

Case number

Status

Date paid

19/01/2011

GBP 3315

NORTHAMPTON CCBC

0QZ35594

Judgement

-

 

 

Company History

 

Date

Action

12/04/2010

Change in Reg.Office

12/04/2010

Change of Company Postcode

24/05/2010

New Accounts Filed

24/05/2010

New Accounts Filed

12/07/2010

Annual Returns

02/04/2011

New Accounts Filed

02/04/2011

New Accounts Filed

18/06/2011

Annual Returns

05/06/2012

Annual Returns

23/07/2012

New Accounts Filed

23/07/2012

New Accounts Filed

07/01/2013

Change in Reg.Office

08/01/2013

Annual Returns

12/07/2013

Change in Reg.Office

12/07/2013

Change of Company Postcode

17/08/2013

New Accounts Filed

17/08/2013

New Accounts Filed

07/02/2014

Annual Returns

20/05/2014

Annual Returns

21/05/2014

Annual Returns

06/10/2014

New Accounts Filed

06/10/2014

New Accounts Filed

25/01/2015

Annual Returns

 

Mortgages

 

Charge created

12/04/1999

Charge registered

29/04/1999

Status

SATISFIED

Entitled person

UNITED EUROPEAN BANK

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE FOR OR IN CONNECTION WITH THE FINANCING OF GOODS (AS DEFINED) AND ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Mortgage detail

ALL MONIES AND OTHER RECEIVABLES (THE "ASSIGNED MONIES") SEE THE

MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

29/03/2000

Charge registered

04/04/2000

Status

SATISFIED

Entitled person

UNITED EUROPEAN BANK

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Mortgage detail

RIGHTS AND INTERESTS IN ALL FUTURES ANDOPTIONS CONTRACTS ENTERED INTO BY THE COMPANY THROUGH CARR IN ACCORDANCE WITH THE TERMS OF THE SECURITY AGREEMENT, ALL CASH PROCEEDS IN REPECT OF ALL HEDGING CONTRACTS ANY CASH BALANCE (ALL DEFINED) SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

14/06/2000

Charge registered

21/06/2000

Status

SATISFIED

Entitled person

CREDIT AGRICOLE INDOSUEZ

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Mortgage detail

ALL DOCUMENTS OF TITLE AND NEGOTIABLE INSTRUMENTS INCLUDING BUT NOT LIMITED TO BILLS OF EXCHANGE SEE THE MORTGAGE CHARGE DOCU­MENT FOR FULL DETAILS

 

Charge created

07/07/2000

Charge registered

18/07/2000

Status

SATISFIED

Entitled person

UBS AG

Secured amount

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

Mortgage detail

CERTAIN BOOK DEBTS DUE TO THE COMPANY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

07/07/2000

Charge registered

12/07/2000

Status

SATISFIED

Entitled person

UBS AG

Secured amount

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

 

Mortgage detail

ALL DOCUMENTS OF TITLE AND NEGOTIABLE INSTRUMENTS INCLUDING BUT NOT LIMITED TO BILLS OF EXCHANGE SEE THE MORTGAGE CHARGE DOCU­MENT FOR FULL DETAILS

Mortgage detail

ALL GOODS DEPOSITED SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

07/07/2000

Charge registered

12/07/2000

Status

SATISFIED

Entitled person

UBS AG

Secured amount

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

Mortgage detail

ALL SECURITIES, BILLS OF EXCHANGE, PROMISSORY NOTES SEE THE MORT­GAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

11/07/2000

Charge registered

18/07/2000

Status

OUTSTANDING

Entitled person

BANQUE CANTONALE DE GENEVE

Secured amount

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

Mortgage detail

ALL RIGHT TITLE AND INTEREST IN AND TO EXISTING RECEIVABLES AND ANY

FUTURE RECEIVABLES COMING INTO EXISTENCE

 

Charge created

11/07/2000

Charge registered

18/07/2000

Status

OUTSTANDING

Entitled person

BANQUE CANTONALE DE GENEVE

Secured amount

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

Mortgage detail

ALL RIGHTS AND INTEREST IN GOODS WITHOUT EXCEPTION HELD ON OR AF­TER THE DATE OFTHE PLEDGE BY THE BANK ANYWHERE, IN THEBANKS NAME

AND/OR AT HER DISPOSAL SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL

DETAILS

 

Charge created

11/07/2000

Charge registered

18/07/2000

Status

OUTSTANDING

Entitled person

BANQUE CANTONALE DE GENEVE

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE BTERMS OF THE PLEDGE AGREEMENT

Mortgage detail

ALL PAPER SECURITIES STOCKS BONDS COUPONS OF PAPER SECURITIES IN­CLUDING ALL RIGHTS RESUKTING FROM THEM SAVING ACCOUNT BOOKS DE­POSIT ACCOUNT BOOKS AND ANY OTHERASSET IN POSSESSION OF THE BANK.

 

Charge created

04/08/2000

Charge registered

08/08/2000

Status

SATISFIED

Entitled person

BHF-BANK AG

Secured amount

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

 

Mortgage detail

ALL GOODS AND PRODUCE DELIVERED INTO THE ACTUAL OR CONSTRUCTIVE POSSESSION OF BHF-BANK AND ALL GOODS FINANCED BY THE BANK THROUGH DOCUMENTARY CREDIT OR OTHER TRANSACTIONS.ALL BILLS OF LADING,RECEIPTSOR OTHER DOCUMENTS RELATING TO THE GOODS.THE PROCEEDS OF SALE OF ANY OF THE GOODS OR DOCUMENTS.ALL CONTRACTS ENTERED INTO BY THE COMPANY WITH RESPECT TO ANY GOODS WHICH HAVE

BEEN FINANCED BY THE BANK

 

Charge created

10/08/2000

Charge registered

18/08/2000

Status

OUTSTANDING

Entitled person

FORTIS BANK SA/NV

Secured amount

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

Mortgage detail

ALL RIGHTS,ALL MONIES DUE IN RESPECT OFTHE CONTRACTS (AS DEFINED) AND ALL CLAIMS WHATSOEVER THERETO SEE THE MORTGAGE CHARGE DOC­UMENT FOR FULL DETAILS

 

 

Charge created

26/10/2000

Charge registered

03/11/2000

Status

SATISFIED

Entitled person

RAIFFEISEN ZENTRALBANK OSTERREICH AKTIENGESELLSCHAFT

Secured amount

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

Mortgage detail

AL SUMS STANDING TO THE CREDIT OF ALL ACCOUNTS OF THE COMPANY

IN WHATEVER CURRENCY OR DEMONINATION AND ALL INTEREST ACCRURED THEREON

 

Charge created

06/11/2000

Charge registered

10/11/2000

Status

SATISFIED

Entitled person

CREDIT AGRICOLE INDOSUEZ

Secured amount

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

Mortgage detail

ALL DOCUMENTS OF TITLE AND NEGOTIABLE INSTRUMENTS INCLUDING BUT

NOT LIMITED TO BILLS OF EXCHANGE SEE THE MORTGAGE CHARGE DOCU­MENT FOR FULL DETAILS

 

 

Charge created

20/03/2001

Charge registered

23/03/2001

Status

SATISFIED

Entitled person

RAIFFEISEN ZENTRALBANK OSTERREICH AKTIENGESELLSCHAFT, LONDON BRANCH

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

ON ANY ACCOUNT WHATSOEVER UNDER THE UNDERTAKINGS OR UNDER THE

AGREEMENT

Mortgage detail

ANY LETTER OF CREDIT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

20/09/2001

Charge registered

02/10/2001

Status

SATISFIED

Entitled person

ING BANK N.V.

Secured amount

06

Mortgage detail

ALL THE GOODS AND PRODUCE, ALL BILLS OFLADING RECEIPTS OR OTHER

DOCUMENTS RELATING TO THE GOODS, THE PROCEEDS OF SALE,ALL CON­TRACTS ENTERED INTO BY THE COMPANY WITH RESEPCT TO ANY GOODS

WHICH HAVE BEEN FINANCED BY THE BANK SEE THE MORTGAGE CHARGE DOC­UMENT FOR FULL DETAILS

 

 

Charge created

20/02/2002

Charge registered

06/03/2002

Status

SATISFIED

Entitled person

ING BANK N.V

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Mortgage detail

MONIES OWING TO ING BANK N.V. LONDON BRANCH UNDER SPECIFIC ACCOUNT OR ACCOUNTS

 

Charge created

04/09/2002

Charge registered

10/09/2002

Status

SATISFIED

Entitled person

BAYERISCHE HYPO-UND VEREINSBANK (LONDON BRANCH)

Secured amount

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

Mortgage detail

ALL MONEYS PAYABLE NOW OR IN THE FUTURETO THE COMPANY OR FOR ACCOUNT OF THE COMPANY ARISING OUT OF OR AS A RESULT OF OR PURSUANT TO ANY AND ALL CLAIMS FOR DAMAGES..AND ALL INSURANCE MONEYS WHICH MAYBECOME PAYABLE TO THE COMPANY UNDER ANYINSURANCES RELATING TO THE SUBJECT MATTER OF ANY CONTRACT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

04/09/2002

Charge registered

10/09/2002

Status

SATISFIED

Entitled person

BAYERISCHE HYPO-UND VEREINSBANK (LONDON BRANCH)

Secured amount

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

Mortgage detail

ALL MONEYS PAYABLE NOW OR IN THE FUTURETO THE COMPANY OR FOR AC­COUNT OF THE COMPANY ARISING OUT OF OR AS A RESULT OF OR PURSUANT TO ANY AND ALL CLAIMS FOR DAMAGES..AND ALL INSURANCE MONEYS WHICH MAYBECOME PAYABLE TO THE COMPANY UNDER ANYINSURANCES RELATING TO THE SUBJECT MATTER OF ANY CONTRACT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

12/09/2002

Charge registered

02/10/2002

Status

OUTSTANDING

Entitled person

SOCIETEGENERALE

Secured amount

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

Mortgage detail

A PLEDGE OVER AND UPON ALL GOODS OR PRODUCE DELIVERED INTO THE

POSSESSION OF THE BANK ALL DOCUMENTS RELATING TO THE PLEDGED GOODS PROCEEDS OF SALE OR REALISATION OF THE PLEDGED GOODS

 

Charge created

04/12/2002

Charge registered

21/12/2002

Status

OUTSTANDING

Entitled person

ABSA BANK LIMITED

Secured amount

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

Mortgage details

FIRST FIXED CHARGE OVER THE COMPANYxRIGHT TITLE BENEFITS AND INTEREST IN AND TO ALL MONEYS PAYABLE NOW OR IN THE FUTURE TO OR FOR THE ACCOUNT OF THE COMPANY ARISING OUT OF OR AS A RESULT OF OR PURSUANT TO EACH PRESENT AND FUTURE CONTRACT, EACH PRESENT AND FUTURE LETTER OF INDEMNITY GUARANTEE OR OTHER ASSURANCE AGAINST FINANCIAL LOSS, ANY AND ALL RIGHTS VESTED IN OR ACCRUING AS A CONSEQUENCE OF THE OPERATION OF ANY WASH-OUT BOOK-OUT CIRCLE SETTLEMENT NETTING OR OTHER SIMILAR AGREEMENT OR ARRANGEMENT, EACH PRESENTAND FUTURE CONTRACT FOR THE PURCHASE OFPRODUCE OR GOODS FROM A THIRD PARTY EACH PRESENT AND FUTURE LETTER OF CREDIT OROTHER PAYMENT ISSUED OR CONFIRMED IN RESPECT OF THE PAYMENT TO THE COMPANY OF THE PRICE UNDER A SALE CONTRACT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

12/12/2002

Charge registered

31/12/2002

Status

SATISFIED

Entitled person

CREDIT AGRICOLE INDOSUEZ (SUISSE) SA (THE BANK)

Secured amount

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

Mortgage detail

ALL THE COMPANY§RIGHTS,TITLE AND INTEREST IN AND TO ANY GOODS AND ANY CLAIMS ARISING FROM THE SALE OF THE GOODS PLEDGED AND ALL OTHER CLAIMS ARISING FROM INSTRUMENTS LODGED WITH THE BANK,PROCEEDS OF LETTERS OF CREDIT AND GUARANTEES OPENED AT ITS COUNTERS,ETC SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

30/05/2003

Charge registered

13/06/2003

Status

SATISFIED

Entitled person

KBC BANK N.V. LONDON BRANCH

Mortgage detail

RIGHT TITLE AND INTEREST IN THE DEPOSITSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Charge created

30/05/2003

Charge registered

13/06/2003

Status

SATISFIED

Entitled person

KBC BANK N.V. LONDON BRANCH

Mortgage detail

RIGHT TITLE AND INTEREST IN THE DEPOSIT

 

 

Charge created

30/05/2003

Charge registered

13/06/2003

Status

SATISFIED

Entitled person

KBC BANK NV LONDON BRANCH

Mortgage detail

RIGHT TITLE BENEFIT AND INTEREST OF THEASSIGNOR IN TO OR UNDER EACH OF THE ASSIGNED CONTRACTSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Charge created

06/01/2004

Charge registered

07/01/2004

Status

OUTSTANDING

Entitled person

BNP PARIBAS

Secured amount

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

Mortgage detail

BY WAY OF FIRST FIXED CHARGE THE DEPOSIT AND BY WAY OF FIRST FIXED CHARGE THE BALANCE STANDING TO THE CREDIT OF ANY ANDALL ACCOUNTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

06/01/2004

Charge registered

07/01/2004

Status

OUTSTANDING

Entitled person

BNP PARIBAS

Secured amount

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

Mortgage detail

ALL THE RIGHT TITLE AND INTEREST OF THECOMPANY IN AND TO ALL AGREE­MENTS PRESENT AND FUTURE ALL GUARANTEES AND SECURITYANY PROP­ERTY BELONGING TO THE COMPANY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Charge created

16/07/2004

Charge registered

31/07/2004

Status

OUTSTANDING

Entitled person

BNP PARIBAS (SUISSE) S.A.

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

ASSIGNMENT OF MONIES AND RECEIVABLES AND INSURANCES; PLEDGE AND HYPOTHECATION OF GOODS AND DOCUMENTS; SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Charge created

21/10/2005

Charge registered

25/10/2005

Status

SATISFIED

Entitled person

KBC BANK N.V. LONDON BRANCH

Mortgage detail

ALL OF ITS RIGHT TITLE AND INTEREST IN AND TO THE GOODS THE INSURANCE PROCEEDS AND ALL SALE CONTRACT RIGHTS

 

Charge created

07/12/2005

Charge registered

12/12/2005

Status

SATISFIED

Entitled person

KBC BANK N.V., LONDON BRANCH

Mortgage detail

ALL RIGHTS TITLE AND INTEREST IN AND TOTHE GOODS, THE INSURANCE PRO­CEEDS AND ALL SALE CONTRACT RIGHTSSEE THE MORTGAGE CHARGE DOCU­MENT FOR FULL DETAILS

 

 

Charge created

22/12/2005

Charge registered

29/12/2005

Status

SATISFIED

Entitled person

BANKLEUMI (UK) PLC

Mortgage detail

ALL MONIES HELD ON ANY CURRENT DEPOSIT OR OTHER ACCOUNT OR AC-COUNTSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Charge created

22/12/2005

Charge registered

29/12/2005

Status

SATISFIED

Entitled person

BANKLEUMI (UK) PLC

Mortgage detail

THE ASSIGNED ASSETSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

31/01/2006

Charge registered

10/02/2006

Status

SATISFIED

Entitled person

BARCLAYS BANK PLC

Mortgage detail

THE CHARGE CREATES A FIRST FLOATING CHARGE OVER ALL THE DEPOSIT(S)

REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALLINTEREST FROM TIME

TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHAR-GOR FOR THE PURPOSES OF AND TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREONSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL

DETAILS

 

Charge created

31/01/2006

Charge registered

10/02/2006

Status

SATISFIED

Entitled person

BARCLAYS BANK PLC

Mortgage detail

ALL RIGHTS AND ALL MONEY NOW OR IN THE FUTURE UNDER ANY CONTRACTS

IN RESPECT OFBANK FUNDED GOODS IN RESPECT OF ANY BREACH OF ANY CONTRACT UNDER ANY POLICY OF INSURANCE UNDER ANY CONTRACT OF CARRIAGEOR STORAGESEE THE MORTGAGE CHARGE DOCUMENT FOR FULL

DETAILS

 

 

Charge created

24/02/2006

Charge registered

07/03/2006

Status

SATISFIED

Entitled person

KBC BANK N.V., LONDON BRANCH

Mortgage detail

THE ASSIGNED ASSETSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Charge created

19/12/2006

Charge registered

05/01/2007

Status

OUTSTANDING

Entitled person

ABSA BANK LIMITED

Secured amount

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

Mortgage detail

ASSIGNS THE SECURITY ASSETS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Charge created

06/12/2007

Charge registered

07/12/2007

Status

OUTSTANDING

Entitled person

BNP PARIBAS

Secured amount

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

Mortgage detail

THE ASSIGNED RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL

DETAILS

 

Charge created

23/05/2008

Charge registered

09/06/2008

Status

OUTSTANDING

Entitled person

ING BELGIUM

Secured amount

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

Mortgage detail

ALL SECURITIES, VALUABLES, CLAIMS, DOCUMENTS RELATING TO CLAIMS OR PARTICIPATIONS, MONIES, AMOUNTS OUTSTANDING IN ANY CURRENCY AND ALL GOODS AT PRESENT OR IN THE FUTURE DIRECTLY OR INDIRECTLY SEE IMAGE

FOR FULL DETAILS

 

Charge created

09/09/2008

Charge registered

23/09/2008

Status

OUTSTANDING

Entitled person

BANQUE CANTONALE VAUDOISE

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSO­EVER

Mortgage detail

A FIXED CHARGE OVER ALL ITS RIGHTS, TITLE AND INTEREST IN ASSIGNED

RECEIVABLES,ALL AMOUNTS, CREDITS OR OTHER ASSETS ORRIGHTS HELD BY THE BANK IN THE CUSTOMER§FAVOUR ON ANY ACCOUNT OR ACCOUNTS

(WHERESOEVER HELD) FROM TIME TO TIME AND THE INSURANCES SEE IMAGE FOR FULL DETAILS

 

 

Charge created

24/03/2010

Charge registered

25/03/2010

Status

SATISFIED

Entitled person

STRAUMUR BURDARAS INVESTMENT BANK HF

Mortgage detail

RENT SECURITY DEPOSIT OF GBP 67,792

 

 

Charge created

01/02/2011

Charge registered

02/02/2011

Status

OUTSTANDING

Entitled person

DBS BANK LTD, LONDON BRANCH

Secured amount

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

Mortgage detail

ALL CURRENT AND FUTURE RIGHTS TITLE BENEFITS AND INTEREST IN AND TO

THE RECEIVABLES AS A CONTINUING SECURITY FOR THE PAYMENT OR DIS­CHARGE TO THE BANK OF THE SECURED LIABILITIES SEE IMAGE FOR FULL DE­TAILS

 

 

Charge created

16/03/2011

Charge registered

06/04/2011

Status

OUTSTANDING

Entitled person

UBS AG

Secured amount

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

Mortgage detail

THE COMPANY PLEDGES ALL GOODS, ALL OF ITS PRESENT AND FUTURE CREDIT BALANCES AND ALL INSURANCE CLAIMS SEE IMAGE FOR FULL DETAILS

 

 

 

Charge created

16/03/2011

Charge registered

06/04/2011

Status

OUTSTANDING

Entitled person

UBS AG

Secured amount

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

Mortgage detail

ASSIGNMENT OF ALL RECEIVABLES AS WELL AS ANY CREDIT BALANCES ON ACCOUNTS SEE IMAGE FOR FULL DETAILS

 

Charge created

31/03/2011

Charge registered

08/04/2011

Status

OUTSTANDING

Entitled person

STANDARD CHARTERED BANK

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

THE CHARGOR PLEDGES- ALL GOODS AND ALL BILLS OF LADING, WARRANTS,

DELIVERY ORDERS, WAREHOUSE KEEPERS CERTIFICATES AND ALL DOCU­MENTS OF TITLE SEE IMAGE FOR FULLDETAILS

 

 

Charge created

31/03/2011

Charge registered

08/04/2011

Status

SATISFIED

Entitled person

STANDARD CHARTERED BANK

Mortgage detail

ALL RIGHTS IN RESPECT OF THE CONTRACTS SEE IMAGE FOR FULL DETAILS

 

 

Charge created

05/04/2011

Charge registered

15/04/2011

Status

SATISFIED

Entitled person

BARCLAYS BANK PLC

Mortgage detail

THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED

TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL ORANY PART OF THE

MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED

THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING

THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR

THE PURPOSES OF AND TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT

OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST

THEREONBARCLAYS BANK PLC RE LIBERTY COMMODITIES LIMITEDUS DOLLOR

CURRENCY ACCOUNTACCOUNT NUMBER 88792022

 

Charge created

15/02/2012

Charge registered

22/02/2012

Status

OUTSTANDING

Entitled person

BANQUE CANTONALE DE GENEVE

Secured amount

ALL SUMS DUE OR TO BECOME DUE ON ANY ACCOUNT WHATSOEVER

Mortgage detail

ALL NEGOTIABLE INSTRUMENTS AND ALL PRODUCE AND GOODS AND ALL BILLS OF LADING WARRANTS DELIVERY ORDERS WHARFINGERS OR OTHER WARE­HOUSE KEEPERS CERTIFICATES OR RECEIPTS SEE IMAGE FOR FULL DETAILS

 

Charge created

15/02/2012

Charge registered

22/02/2012

Status

OUTSTANDING

Entitled person

BANQUE CANTONALE DE GENEVE

 

Secured amount

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

 

Mortgage detail

ALL PAPER SECURITIES, STOCKS, BONDS, COUPONS OF PAPER SECURITIES INCLUDING

ALL RIGHTS RESULTING FROM THEM, SAVINGS ACCOUNT BOOKS, DEPOSIT

ACCOUNT BOOKS AND ANYOTHER ASSET SEE IMAGE FOR FULL DETAILS

 

 

Charge created

15/02/2012

Charge registered

22/02/2012

Status

OUTSTANDING

Entitled person

BANQUE CANTONALE DE GENEVE

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

ALL RECEIVABLES MEANING ALL MONEYS DUE OR OWING TO THE COMPANY

UNDER ANY CONTRACT IN RESPECT OF THE SALE OF GOODS OR PRODUCTS

ACQUIRED SEE IMAGE FOR FULL DETAILS

 

 

Charge created

15/02/2012

Charge registered

22/02/2012

Status

OUTSTANDING

Entitled person

BANQUE CANTONALE DE GENEVE

Secured amount

ALL SUMS DUE OR TO BECOME DUE ON ANY ACCOUNT WHATSOEVER

Mortgage detail

ALL PRODUCE AND GOODS AND ALL BILLS OF EXCHANGE DRAWN ACCEPTED OR ENDORSED AND ALL PROMISSORY NOTES AND NEGOTIABLE INSTRUMENTS OF ANY DESCRIPTION SEE IMAGE FORFULL DETAILS

 

 

Charge created

07/10/2012

Charge registered

17/10/2012

Status

OUTSTANDING

Entitled person

ZURCHER KANTONALBANK

Secured amount

US

 

Mortgage detail

ASSIGNMENT OF ALL RIGHTS AND CLAIMS DERIVING FROM INSURANCE P/NO

000230/1-3001-030 SEE IMAGE FOR FULL DETAILS

 

 

Charge created

07/10/2012

Charge registered

17/10/2012

Status

OUTSTANDING

Entitled person

ZURCHER KANTONALBANK

Secured amount

US

Mortgage details

ANY AND ALL SECURITIES, BOOK ENTRY SECURITIES, INTERMEDIATED SECURITIES, GOODS AND OTHER ASSETS SEE IMAGE FOR FULL DETAILS

 

Charge created

21/11/2012

Charge registered

07/12/2012

Status

OUTSTANDING

Entitled person

ING BELGIUM, BRUSSELS, GENEVA BRANCH

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Mortgaged details

ASSIGNMENT OF ANY EXISTING OR FUTURE RECEIVABLES, CLAIMS AND

RIGHTS THAT THE ASSIGNOR MAY HAVE AGAINST ANY THIRD PARTY AND THAT

RESULT FROM OPERATIONS IN RELATION TO WHICH THE BANK WILL HAVE EXTENDEDA

FINANCIAL FACILITY IN WHATEVER FORM SEE IMAGE FOR FULL DETAILS

 

Charge created

21/11/2012

Charge registered

07/12/2012

Status

OUTSTANDING

Entitled person

ING BELGIUM, BRUSSELS, GENEVA BRANCH

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM LIBERTY FE TRADE DMCC TO THE CHARGEE

Mortgage detail

ALL SECURITIES, VALUABLES, CLAIMS, DOCUMENTS RELATING TO CLAIMS OR PARTICIPATION, MONIES, AMOUNTS OUTSTANDING IN ANY CURRENCY AND ALL

OTHER ASSETS INCLUDING ALL DUE AND FUTURE RIGHTS AND PROCEEDS DE­RIVING FROM THEM SEE IMAGE FOR FULL DETAILS

 

Charge created

21/11/2012

Charge registered

07/12/2012

Status

OUTSTANDING

Entitled person

ING BELGIUM, BRUSSELS, GENEVA BRANCH

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM LIBERTY COMMODITIES ASIA PTE LTD. SINGAPORE TO THE CHARGEE

Mortgage detail

ALL SECURITIES, VALUABLES, CLAIMS, DOCUMENTS RELATING TO CLAIMS OR PARTICIPATION, MONIES, AMOUNTS OUTSTANDING IN ANY CURRENCY AND ALL

OTHER ASSETS INCLUDING ALL DUE AND FUTURE RIGHTS AND PROCEEDS DE­RIVING FROM THEM SEE IMAGE FOR FULL DETAILS

 

Charge created

21/02/2013

Charge registered

02/03/2013

Status

OUTSTANDING

Entitled person

ING BELGIUM,BRUSSELS,GENEVA BRANCH

Secured amount

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

Mortgage detail

A     FIRST     FIXED     AND     FLOATING     CHARGE     OVER     ALL MON-

EYS,SECURITIES,TREASURY BILLS NEGOTIABLE INSTRUMENTS,MERCANTILE DOCUMENTS,DOCUMENTS OF TITLE AND INSTRUMENTS IN THE SEPARATE

ACCOUNT SEE IMAGE FOR FULL DETAILS

 

Charge created

15/03/2013

Charge registered

22/03/2013

Status

OUTSTANDING

Entitled person

BANK OF LONDON AND THE MIDDLE EAST PLC (THE ASSIGNEE)

Secured amount

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

Mortgage detail

THE ASSIGNED RIGHTS MEANS ALL RIGHT, TITLE, BENEFIT AND INTEREST ARIS­ING OUT OF, IN, TO, UNDER OR IN CONNECTION WITH ANY OR ALL ASSIGNED CONTRACTS, SEE IMAGE FOR FULL DETAILS

 

 

Charge created

15/03/2013

Charge registered

22/03/2013

Status

OUTSTANDING

Entitled person

BANK OF LONDON AND THE MIDDLE EAST PLC

Secured amount

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

Mortgage detail

THE DEPOSIT AND ALL ITS RIGHT TITLE ANDINTEREST IN THE DEPOSIT BY WAY OF FIRSTFIXED CHARGE.

 

 

Charge created

10/04/2013

Charge registered

30/04/2013

Status

OUTSTANDING

Entitled person

CREDIT SUISSE AG;

Mortgage detail

N/A

 

 

Charge created

10/04/2013

Charge registered

30/04/2013

Status

OUTSTANDING

Entitled person

CREDIT SUISSE AG;

Mortgage detail

N/A

 

 

Charge created

16/05/2013

Charge registered

30/05/2013

Status

OUTSTANDING

Entitled person

UBS AG;

Mortgage detail

CONTAINS FIXED CHARGE.

 

 

Charge created

16/05/2013

Charge registered

30/05/2013

Status

OUTSTANDING

Entitled person

UBS AG;

Mortgage detail

CONTAINS FIXED CHARGE.

 

 

Charge created

16/05/2013

Charge registered

30/05/2013

Status

OUTSTANDING

Entitled person

UBS AG;

Mortgage detail

CONTAINS FIXED CHARGE.

 

 

Charge created

16/05/2013

Charge registered

30/05/2013

Status

OUTSTANDING

Entitled person

UBS AG;

Mortgage detail

CONTAINS FIXED CHARGE.

 

 

Charge created

16/05/2013

Charge registered

30/05/2013

Status

OUTSTANDING

Entitled person

UBS AG;

Mortgage detail

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

 

 

Charge created

16/05/2013

Charge registered

30/05/2013

Status

OUTSTANDING

Entitled person

UBS AG;

Mortgage detail

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

 

 

Charge created

21/10/2013

Charge registered

06/11/2013

Status

OUTSTANDING

Entitled person

CREDIT SUISSE AG;

Mortgage detail

CONTAINS FIXED CHARGE.

 

 

Charge created

21/10/2013

Charge registered

06/11/2013

Status

OUTSTANDING

Entitled person

CREDIT SUISSE AG;

Mortgage detail

CONTAINS FIXED CHARGE.

 

 

Charge created

21/10/2013

Charge registered

06/11/2013

Status

OUTSTANDING

Entitled person

CREDIT SUISSE AG;

Mortgage detail

CONTAINS FIXED CHARGE.

 

 

Charge created

20/12/2013

Charge registered

21/12/2013

Status

OUTSTANDING

Entitled person

HSBC BANK PLC;

Mortgage detail

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

 

 

Charge created

20/05/2014

Charge registered

24/05/2014

Status

OUTSTANDING

Entitled person

BANK OF INDIA, LONDON BRANCH;

Mortgage detail

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE.

Charge created

20/05/2014

Charge registered

24/05/2014

Status

OUTSTANDING

Entitled person

BANK OF INDIA, LONDON BRANCH;

Mortgage detail

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE.

 

 

Accounts

 

Profit & Loss

 

 

31/12/2013

52

GBP Group: No

31/12/2012

52

GBP Group: No

31/12/2011

78

GBP Group: No

30/06/2010

52

GBP Group: No

Turnover

817,117,690

759,270,443

638,154,439

263,699,532

Export

-

-

-

-

Cost of Sales

809,720,535.58

751,451,298.94

626,323,857.92

259,020,138.65

Gross Profit

7,397,154.02

7,819,144.29

11,830,581.09

4,679,393.78

Wages And Salaries

1,123,688

1,271,348

2,136,758

1,129,071

Directors Emoluments

38,521.3

39,013.17

63,530.76

43,853.99

Operating Profit

4,710,392.76

4,260,245.01

5,279,670.2

486,534.24

Depreciation

122,286.99

44,487.81

96,574.76

52,424.86

Audit Fees

49,248.95

46,170.89

109,848.29

86,262.09

Interests Payments

3,250,866.16

3,221,249.69

4,466,895.32

91,007.35

Pre Tax Profit

1,459,766

1,039,195

822,893

457,869

Taxation

-356,001.6

-295,435.23

-269,133.3

80,346.96

Profit After Tax

1,103,764.46

743,760.15

553,759.64

538,216.17

Dividends Payable

0

0

0

0

Retained Profit

1,103,764.46

743,760.15

553,759.64

538,216.17

 

Balance Sheet

 

 

31/12/2013

52

GBP Group: No

31/12/2012

52

GBP Group: No

31/12/2011

78

GBP Group: No

30/06/2010

52

GBP Group: No

Tangible Assets

815,920

198,416

251,284

299,923

Intangible Assets

0

0

0

0

Total Fixed Assets

815,920

198,416

251,284

299,923

Stock

17,006,894

31,248,235

24,901,357

20,858,512

Trade Debtors

54,831,689

92,108,170

86,037,988

65,491,774

Cash

1,035,649

55,780

951,061

868,236

Other Debtors

1,451,163

2,223,394

2,565,550

4,251,367

Miscellaneous Current Assets

0

0

0

0

Total Current Assets

74,325,394

125,635,580

114,455,955

91,469,888

Trade Creditors

20,530,200

12,626,838

20,746,157

18,686,493

Bank Loans and Overdraft

29,481,540

97,585,533

77,698,344

54,963,808

Other Short Term Finance

2,343,962

1,262,778

6,741,180

9,378,677

Miscellaneous Current Liabilities

1,120,986

457,090

551,932

512,216

Total Current Liabilities

53,476,688

111,932,239

105,737,613

83,541,194

Bank Loans and Overdrafts LTL

29,984,525

97,585,533

77,698,344

54,963,808

Other Long Term Finance

0

0

0

0

Total Long Term Liabilities

502,985

0

0

0

 

Capital & Reserves

 

 

31/12/2013

52

GBP Group: No

31/12/2012

52

GBP Group: No

31/12/2011

78

GBP Group: No

30/06/2010

52

GBP Group: No

Called Up Share Capital

16,946,268

10,790,149

6,432,635

6,289,512

P and L Account Reserve

4,215,372

3,111,608

2,536,991

1,939,106

Revaluation Reserve

0

0

0

0

Sundry Reserves

0

0

0

0

Shareholders Funds

21,161,641

13,901,757

8,969,626

8,228,618

 

Other Financial Items

 

 

31/12/2013

52

GBP Group: No

31/12/2012

52

GBP Group: No

31/12/2011

78

GBP Group: No

30/06/2010

52

GBP Group: No

Net Worth

21,161,641

13,901,757

8,969,626

8,228,618

Working Capital

20,848,706

13,703,341

8,718,342

7,928,695

Total Assets

75,141,313.71

125,833,995.93

114,707,238.96

91,769,811.68

 

 

31/12/2013

52

GBP Group: No

31/12/2012

52

GBP Group: No

31/12/2011

78

GBP Group: No

30/06/2010

52

GBP Group: No

Total Liabilities

53,979,673

111,932,239

105,737,613

83,541,194

Net Assets

21,161,641

13,901,757

8,969,626

8,228,618

 

Cash Flow

 

 

31/12/2013

52

GBP Group: No

31/12/2012

52

GBP Group: No

31/12/2011

78

GBP Group: No

30/06/2010

52

GBP Group: No

Net Cash Flow from Operations

66,471,519

-27,192,803

-16,721,400

-4,531,701

Net Cash Flow before Financing

62,424,757

-30,685,651

-21,417,573

-4,680,112

Net Cash Flow from Financing

6,928,455

4,786,383

-3,153

-45,886

Increase in Cash

979,869

-895,281

82,824

-797,471

 

Miscellaneous

 

 

31/12/2013

52

GBP Group: No

31/12/2012

52

GBP Group: No

31/12/2011

78

GBP Group: No

30/06/2010

52

GBP Group: No

Capital Employed

21,664,626

13,901,757

8,969,626

8,228,618

 

Financial Ratios

 

Name

 

31/12/2013

31/12/2012

31/12/2011

30/06/2010

Pre Tax Profit Margin

0.18%

0.14%

0.13%

0.17%

Current Ration

1.39

1.12

1.08

1.09

Sales or Net Working Capital

39.19

55.41

73.20

33.26

Gearing

141.69%

701.97%

866.24 %

667.96 %

Equity

28.16%

11.05 %

7.82 %

8.97 %

Creditor Days

9.14

6.05

17.75

25.79

Debtor Days

24.42

44.15

73.61

90.40

Liquidity or Acid test

1.07

0.84

0.84

0.84

Return on Capital Employed

6.73 %

7.47 %

9.17%

5.56 %

Return on Total Assets Employed

1.94 %

0.82 %

0.71 %

0.49 %

Current Debt Ratio

2.52 %

8.05 %

11.78 %

10.15%

Total Debt Ratio

2.55 %

8.05 %

11.78 %

10.15%

Stock Turnover Ratio

2.08 %

4.11 %

3.90 %

7.90 %

Return on Net Assets Employed

6.89 %

7.47 %

9.17%

5.56 %

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.63.61

UK Pound

1

Rs.99.79

Euro

1

Rs.71.17

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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.