|
Report No. : |
329256 |
|
Report Date : |
27.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PLEXUS COTTON LIMITED |
|
|
|
|
Formerly Known As : |
SOFTWORTHY LIMITED |
|
|
|
|
Registered Office : |
20 Chapel Street, Liverpool L3 9AG |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
15.10.1990 |
|
|
|
|
Com. Reg. No.: |
02548312 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
3187 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
|
PLEXUS
COTTON LIMITED |
Telephone |
+44
015 1650 8888 |
|
20
CHAPEL STREET |
Fax |
- |
|
LIVERPOOL |
Website |
|
|
L3
9AG |
|
|
|
United
Kingdom |
|
|
|
Company
Number: |
02548312 |
Status: |
Active
- Accounts Filed |
|
Foundation: |
15/10/1990 |
|
|
Legal form
Private limited with Share Capital
Foundation
15/10/1990
Company No.
02548312
Previous Names
|
Date
of Change |
Previous
Name |
|
11/12/1990 |
SOFTWORTHY
LIMITED |
Shareholders
|
Name |
Currency |
Number
of shares |
Share
type |
Nominal
value |
|
PLEXUS
LIVERPOOL LIMITED |
GBP |
33,000 |
ORDINARY |
|
|
DAVID
JONATHAN EARLAM |
GBP |
7,800 |
ORDINARY |
|
|
FRITZ
ALEXANDER GROBIEN |
GBP |
33,000 |
ORDINARY |
|
|
JAMIE
LOUISE EARLAM |
GBP |
100 |
ORDINARY |
|
|
JENNIFER
MARY BURRETT |
GBP |
5,000 |
ORDINARY |
|
|
JONATHAN PETER
FREDERICK EARLAM |
GBP |
100 |
ORDINARY |
|
|
MARK
ENGLISH |
GBP |
4,000 |
ORDINARY |
|
|
NICHOLAS
PETER FRANCIS EARLAM |
GBP |
76,700 |
ORDINARY |
|
|
NICOLA
JOANNE EARLAM |
GBP |
200 |
ORDINARY |
|
|
PAIGE
LEWIS EARLAM |
GBP |
50,000 |
ORDINARY |
|
|
WILLIAM
HOWARD EARLAM |
GBP |
100 |
ORDINARY |
|
|
Total
Share Capital |
GBP
210,000 |
|||
Directors
|
Name |
Address: |
Date of birth |
Nationality |
Appointment
date |
|
Laurence Kirby |
20 Chapel Street, Liverpool L3 9AG |
09/11/1947 |
British |
19/10/1993 |
|
Mr
Nicholas Peter Francis Earlam |
20 Chapel Street, Liverpool L3 9AG |
20/06/1958 |
British |
15/10/1991 |
|
Mr Peter Max Egli |
20 Chapel Street, Liverpool L3 9AG |
26/09/1959 |
|
21/11/2012 |
|
Mr Daniel Crausaz |
20 Chapel Street, Liverpool L3 9AG |
28/05/1957 |
French |
27/11/2013 |
|
Mr
Christopher John Harman |
20 Chapel Street, Liverpool L3 9AG |
10/10/1956 |
British |
25/03/2014 |
|
Mr Colin Scott Burns |
20 Chapel Street, Liverpool L3 9AG |
03/06/1964 |
British |
25/03/2014 |
|
Name |
Address: |
Appointment date |
|
Mrs Ann Marie Adlington |
20 Chapel Street, Liverpool L3 9AG |
21/07/2009 |
Unity
Building, 20 Chapel Street, Liverpool, Merseyside L3 9AG
|
Company No. |
Name |
Status |
Country |
|
Affiliated companies |
|||
|
03177723 |
EXCELL COTTON INTERNATIONAL LIMITED |
Pending |
United Kingdom |
|
03177724 |
SMITH COTTON LIVERPOOL LIMITED |
Pending |
United Kingdom |
|
03177725 |
US FIBRES INTERNATIONAL LIMITED |
Non Trading |
United Kingdom |
|
03178209 |
COTEXCO OVERSEAS CORPORATION LIMITED |
Non Trading |
United Kingdom |
|
04536961 |
OVERSEAS COTTON TRADING
CORPORATION (LIVERPOOL) LIMITED |
Non Trading |
United Kingdom |
|
Subsidiary companies |
|||
|
03198519 |
MELBOURNE
HOLDINGS (LIVERPOOL) LIMITED |
Non Trading |
United Kingdom |
|
03224113 |
PLEXUS RISK MANAGEMENT SERVICES LIMITED |
Non Trading |
United Kingdom |
|
Main activity |
|
|
Principal
Activity |
A
group engaged in cotton merchanting and growing cotton in sub-Saharan and
Eastern Africa. Accounts data converted from US Dollar. |
|
SIC03 |
Architectural,
technical consult |
|
SIC07 |
Other
professional, scientific and technical activities n.e.c. |
Turnover and Employees
|
Date of Accounts |
Turnover |
Employees |
|
31/12/2011 |
GBP
337,438,164 |
1,413 |
|
31/12/2012 |
GBP
288,473,120 |
3,416 |
|
31/12/2013 |
GBP
234,866,931 |
3,187 |
Banks
|
Bank Name |
Bank Branch Sort Code |
|
HSBC
BANK PLC |
|
Auditor name
PRICEWATERHOUSECOOPERS
LLP
|
Company history |
|||
|
Date |
Action |
||
|
21/12/2009 |
Annual
Returns |
||
|
22/06/2010 |
New
Accounts Filed |
||
|
22/06/2010 |
New
Accounts Filed |
||
|
20/10/2010 |
Annual Returns |
|
|
|
25/02/2011 |
Change in
Reg.Office |
|
|
|
25/02/2011 |
Change of Company
Postcode |
|
|
|
18/06/2011 |
New Accounts Filed |
|
|
|
18/06/2011 |
New Accounts Filed |
|
|
|
22/10/2011 |
Annual Returns |
|
|
|
03/07/2012 |
New Accounts Filed |
|
|
|
03/07/2012 |
New Accounts Filed |
|
|
|
12/07/2012 |
New Board Member Mr
N.P. Earlam appointed |
|
|
|
16/07/2012 |
New Board Member Mr
D. Boiston appointed |
|
|
|
22/10/2012 |
Annual Returns |
|
|
|
01/02/2013 |
Mr D. Boiston has
left the board |
|
|
|
01/02/2013 |
New Board Member Mr
P.M. Egli appointed |
|
|
|
22/08/2013 |
New Accounts Filed |
|
|
|
22/08/2013 |
New Accounts Filed |
|
|
|
09/11/2013 |
Annual Returns |
|
|
|
11/11/2013 |
Annual Returns |
|
|
|
27/01/2014 |
New Board Member Mr
D. Crausaz appointed |
|
|
|
24/02/2014 |
Mr J.M. Derossis
has left the board |
|
|
|
04/04/2014 |
New Board Member Mr
C.J. Harman appointed |
|
|
|
14/04/2014 |
New Board Member Mr
C.S. Burns appointed |
|
|
|
30/05/2014 |
MrT.C. Green has
left the board |
|
|
|
26/08/2014 |
New Accounts Filed |
|
|
|
26/08/2014 |
New Accounts Filed |
|
|
|
03/11/2014 |
Annual Returns |
|
|
Mortgages
|
|
Charge
created |
09/03/2001 |
||
|
Charge
registered |
29/03/2001 |
||
|
Status |
SATISFIED |
||
|
Entitled
person |
HSBC BANK PLC |
||
|
Mortgage
detail |
LAND AT CHURCH STREET/IVY STREET BIRKENHEAD
WIRRALWITH THE BENEFIT OF ALL RIGHTS LICENCESGUARANTEES RENT
DEPOSITS CONTRACTS DEEDS UNDERTAKINGS
AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN
ANY MANAGEMENT COMPANY FOR THEPROPERTY ANY GOODWILL OF ANY BUSINESS FROM TIME
TO TIME CARRIED ON AT THE PROPERTY
ANY RENTAL AND OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER
INTERESTCREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN
RESPECT OF THE PROPERTY |
||
|
|
|
|
|
|
Charge
created |
07/04/2009 |
|
|
|
Charge
registered |
18/04/2009 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled
person |
BNP PARIBAS (SUISSE) SA |
|
|
|
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 RECEIVABLES AND INSURANCES AND PLEDGE AND HYPOTHECATION OF GOODS
AND DOCUMENTS SEE IMAGE FOR FULLDETAILS |
|
|
|
|
|
|
|
|
Charge
created |
30/07/2009 |
|
|
|
Charge
registered |
13/08/2009 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled
person |
CREDIT
AGRICOLE (SUISSE) S.A. |
|
|
|
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 |
PROPERTY
SHARES, SECURITIES AND OTHER ASSETS SEE IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge
created |
30/07/2009 |
|
|
|
Charge
registered |
13/08/2009 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled
person |
CREDIT
AGRICOLE (SUISSE) S.A. |
|
|
|
Secured
amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
|
|
Mortgage
detail |
ANY
GOODS, AND ALL GOODS INCLUDING BILLS OF LANDING AND STORAGE CERTIICATES
ANYCLAIMS FROM THE SALE OF PLEDGED GOODS SEE IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge
created |
29/09/2009 |
|
|
|
Charge
registered |
08/10/2009 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled
person |
NEDBANK
LIMITED |
|
|
|
Mortgage
detail |
ALLITSRIGHT,TITLEANDINTERESTINTHESECUREDASSETSSEEIMAGEFOR |
|
|
|
|
|
|
|
|
Charge created |
19/10/2009 |
|
|
|
Charge registered |
28/10/2009 |
|
|
|
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 |
ALL
GOODS WHICH HAVE BEEN OR WILL BE DELIVERED BY THE COMPANY INTO THE POSSESSION OF
THE BANK, ALL BILLS OF LADING AND ALL DOCUMENTS OF TITLE AND THE GOODS TO
WHICH THE SAME RELATE, SEE IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge created |
19/10/2009 |
|
|
|
Charge registered |
28/10/2009 |
|
|
|
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 |
ALL RIGHTS IN RESPECT OF THE CONTRACTS, FOR THE SALE
AND PURCHASE OF CARGO, SEE IMAGE FOR FULL DETAILS |
|
|
|
Charge created |
31/12/2009 |
|
|
|
Charge registered |
04/01/2010 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled person |
HSBC
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 |
THE SHARES BEING 1,800,000 ORDINARY SHARES OF HKD1.00
EACH IN THE CAPITAL OF EASTERN LINKAGE LIMITED SEE IMAGE FOR FULLDETAILS |
|
|
|
|
|
|
|
|
Charge created |
26/02/2010 |
|
|
|
Charge registered |
13/03/2010 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled person |
HSBC BANK 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 |
ALL RESPECTIVE
RIGHTS TITLE AND INTEREST OF THE PLEDGE OF SHARES AND IN THE FUTURE IN AND TO
THE PLEDGED PROPERTY. SHARES BEING 25,000 A SHARES AND (II) 37,500B SHARES
ISSUED AND FULLY PAID UP SHARES OF THE COMPANY OWNED BY THE PLEDGOR WHICH
CONSTITUTE 100% OF THE AGGREGATE ISSUED AND PAID UP SHARE CAPITAL OF THE
COMPANY. |
|
|
|
|
|
|
|
|
Charge created |
12/07/2010 |
|
|
|
Charge registered |
14/07/2010 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled person |
NEDBANK LIMITED |
|
|
|
Mortgage detail |
CHARGE OVER BANK
ACCOUNT |
|
|
|
|
|
|
|
|
Charge created |
26/07/2010 |
|
|
|
Charge registered |
04/08/2010 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled person |
NEDBANK LIMITED |
|
|
|
Mortgage detail |
FIRST FLOATING
CHARGE (OVER) PRESENT AND FUTURE PLEDGED GOODS SEE |
|
|
|
|
IMAGE FOR FULL
DETAILS |
|
|
|
|
|
|
|
|
Charge created |
08/04/2011 |
|
|
|
Charge registered |
11/04/2011 |
|
|
|
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 |
ASSIGNS ANY MONIES
WHICH MAY FROM TIME TO TIME BECOME PAYABLE UNDER ALL OR ANY OF THE INSURANCE
POLICIES COMPRISED IN THE MERCHANDISE SEE IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge created |
08/04/2011 |
|
|
|
Charge registered |
11/04/2011 |
|
|
|
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 |
ALL RIGHTS IN RESPECT OF THE CONTRACTS SEE
IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge created |
04/07/2011 |
|
|
|
Charge registered |
13/07/2011 |
|
|
|
Status |
SATISFIED |
|
|
|
Entitled person |
NEDBANK LIMITED |
|
|
|
Mortgage detail |
THE
GOODS, BALANCE, THE COLLECTION ACCOUNT, THE KEY DOCUMENTS, THE INSURANCES AND
THE RIGHTS SEE IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge created |
14.07.2011 |
|
|
|
Charge registered |
19/07/2011 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled person |
BANQUE CANTONALE
VAUDOISE |
|
|
|
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 |
FIXED CHARGE
ASSIGNED RECEIVABLES, ALL AMOUNTS, CREDITS OR OTHER ASSETSANDTHEINSURANCES.THEPLEDGEDGOODSANDTHEPLEDGEDDOC-UMENTS
SEE IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge created |
23/09/2011 |
|
|
|
Charge registered |
28/09/2011 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled person |
STANDARD CHARTERED
BANK |
|
|
|
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 RIGHTS IN RESPECT OF THE CONTRACTS SEE
IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge created |
23/09/2011 |
|
|
|
Charge registered |
28/09/2011 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled person |
STANDARD CHARTERED
BANK |
|
|
|
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
NEGOTIABLE INSTRUMENTS AND ALL GOODS OR PRODUCE OR THE DOCUMENTS OF TITLE
AND ALL POLICIES AND CERTIFICATES OF INSURANCE RELATING THERETO SEE IMAGE
FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge created |
01/02/2012 |
|
|
|
Charge registered |
21/02/2012 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled person |
FBN BANK (UK) LTD |
|
|
|
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 CHARGE OVER ALL THE PRESENT AND FUTURE RIGHTS OF THE COMPANY IN
THE US$ DENOMINATED ACCOUNT HELD WITH THEBANK; A FIRST FLOATING
CHARGE OVER ALL PRESENT AND FUTURE RIGHTS OF THE COM- PANYIN
ANY BALED COTTON LINT OWNED BY THE COMPANY; ASSIGNED ALL RIGHTS
IN EACH SALES CONTRACT. SEE IMAGE FOR FULL DETAILS |
|
|
|
|
|
|
|
|
Charge created |
05/07/2012 |
|
|
|
Charge registered |
19/07/2012 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled person |
NEDBANK LIMITED |
|
|
|
Secured amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
|
|
Mortgage detail |
THE
GOODS, BALANCE, THE COLLECTION ACCOUNT, THE KEY DOCUMENTS, THE INSURANCES AND
THE RIGHTS |
|
|
|
|
|
|
|
|
Charge created |
31/07/2012 |
|
|
|
Charge registered |
20/08/2012 |
|
|
|
Status |
OUTSTANDING |
|
|
|
Entitled person |
BMCE BANK
INTERNATIONAL 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 |
ALL PRESENT AND
FUTURE RIGHTS OF ANY KIND IN SALES CONTRACTS IN RE-SPECT OF FINANCED GOODS
PROCEEDS OF INSURANCES PROCEEDS OF LETTERS OF CREDIT AND ANY RELATED BANK
UNDERTAKING SEE IMAGE FOR FULL DETAILS |
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Charge created |
16/05/2013 |
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Charge registered |
22/05/2013 |
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Status |
OUTSTANDING |
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Entitled person |
BNP PARIBAS (SUISSE) SA; |
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Mortgage detail |
CONTAINS FIXED CHARGE.CONTAINS
FLOATINGCHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE. |
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County Court Judgments (CCJs)
There
are no County Court Judgments listed against this company
Profit & Loss
|
|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Turnover |
234,866,931 |
288,473,120 |
337,438,164 |
258,174,900 |
|
Export |
- |
- |
- |
- |
|
Cost
of Sales |
222,772,212.67 |
274,334,657.1 |
316,616,977.77 |
243,474,139.04 |
|
Gross
Profit |
12,094,718.74 |
14,138,462.45 |
20,821,185.93 |
14,700,760.99 |
|
Wages
And Salaries |
5,856,202 |
5,430,620 |
5,053,756 |
4,457,629 |
|
Directors
Emoluments |
717,207.04 |
602,216.82 |
788,866.16 |
604,282.21 |
|
Operating Profit |
774,109.41 |
3,615,671.86 |
8,676,208.69 |
7,625,435.31 |
|
Depreciation |
982,751.46 |
957,263.94 |
1,045,445.55 |
1,162,130.78 |
|
Audit
Fees |
72,906.17 |
81,797.16 |
51,447.79 |
40,629.43 |
|
Interests
Payments |
1,590,895.61 |
1,987,434.05 |
2,460,919.46 |
2,419,708.49 |
|
Pre Tax Profit |
-826,270 |
1,533,993 |
6,225,183 |
5,216,690 |
|
Taxation |
39,120.38 |
-358,603.52 |
-1,497,262.71 |
-933,832.06 |
|
Profit
After Tax |
-787,149.54 |
1,175,389.72 |
4,727,920.32 |
4,282,858.24 |
|
Dividends
Payable |
0 |
0 |
0 |
0 |
|
Retained Profit |
-794,855.07 |
1,065,734.09 |
4,068,992.81 |
3,962,982.07 |
Balance Sheet
|
|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP
Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Tangible Assets |
17,738,131 |
16,619,643 |
12,933,184 |
14,014,575 |
|
Intangible Assets |
432,695 |
539,387 |
0 |
-215,400 |
|
Total Fixed Assets |
18,170,826 |
17,159,030 |
12,933,184 |
13,799,175 |
|
Stock |
15,436,548 |
23,115,998 |
19,248,730 |
21,883,142 |
|
Trade Debtors |
19,917,017 |
29,448,758 |
26,149,990 |
26,954,727 |
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Cash |
12,388,714 |
15,467,370 |
14,362,509 |
12,868,567 |
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Other Debtors |
5,598,364 |
4,628,653 |
3,868,478 |
3,113,633 |
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Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
53,340,644 |
72,660,779 |
63,629,708 |
64,820,070 |
|
Trade Creditors |
14,728,232 |
23,091,696 |
18,423,587 |
16,825,745 |
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Bank Loans and Overdraft |
30,486,041 |
44,985,478 |
37,347,141 |
44,751,709 |
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Other Short Term Finance |
221,682 |
132,179 |
166,876 |
295,370 |
|
Miscellaneous Current Liabilities |
3,095,845 |
2,653,073 |
3,532,748 |
2,216,561 |
|
Total Current
Liabilities |
48,531,800 |
70,862,427 |
59,470,352 |
64,089,385 |
|
Bank Loans and Overdrafts LTL |
36,154,348 |
46,150,791 |
42,821,714 |
51,900,555 |
|
Other Long Term Finance |
3,570,624 |
486,634 |
735,440 |
628,789 |
|
Total Long Term Liabilities |
5,668,307 |
1,165,313 |
5,474,573 |
7,148,846 |
Capital & Reserves
|
|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Called Up Share Capital |
212,791 |
212,791 |
236,792 |
231,523 |
|
P and L Account Reserve |
7,284,690 |
8,079,545 |
7,570,741 |
3,423,836 |
|
Revaluation Reserve |
6,604,232 |
6,290,084 |
0 |
0 |
|
Sundry Reserves |
3,209,650 |
3,209,650 |
3,810,435 |
3,725,655 |
|
Shareholders Funds |
17,311,363 |
17,792,069 |
11,617,967 |
7,381,014 |
Other Financial Items
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|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
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Net Worth |
16,878,668 |
17,252,682 |
11,617,967 |
7,596,414 |
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Working Capital |
4,808,844 |
1,798,352 |
4,159,356 |
730,685 |
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Total Assets |
71,511,469.37 |
89,819,809.13 |
76,562,891.62 |
78,619,244.16 |
|
Total Liabilities |
54,200,107 |
72,027,740 |
64,944,924 |
71,238,230 |
|
Net Assets |
17,311,363 |
17,792,069 |
11,617,967 |
7,381,014 |
Cash Flow
|
|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Net Cash Flow from
Operations |
10,032,600 |
-833,975 |
14,954,159 |
-285,051 |
|
Net Cash Flow
before Financing |
6,770,790 |
-5,907,770 |
12,189,169 |
-4,242,228 |
|
Net Cash Flow from
Financing |
1,566,001 |
-2,023,591 |
-4,337,445 |
-2,443,570 |
|
Increase in Cash |
-3,078,656 |
1,104,861 |
1,493,942 |
7,948,752 |
Miscellaneous
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|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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|
52 |
52 |
52 |
52 |
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GBP |
GBP |
GBP |
GBP |
|
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Group: Yes |
Group: Yes |
Group: Yes |
Group: Yes |
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Capital
Employed |
22,979,669 |
18,957,382 |
17,092,540 |
14,529,859 |
Financial Ratios
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Pre Tax Profit
Margin |
-0.35 % |
0.53 % |
1.84 % |
2.02 % |
|
Current Ration |
1.10 |
1.03 |
1.07 |
1.01 |
|
Sales or Net
Working Capital |
48.84 |
160.41 |
81.13 |
353.33 |
|
Gearing |
208.85 % |
259.39 % |
368.58 % |
703.16% |
|
Equity |
24.36 % |
19.93 % |
15.17% |
9.36 % |
|
Creditor Days |
22.82 |
29.13 |
19.87 |
23.72 |
|
Debtor Days |
30.86 |
37.15 |
28.20 |
38.00 |
|
Liquidity or Acid
test |
0.78 |
0.69 |
0.74 |
0.66 |
|
Return on Capital Employed |
-3.59 % |
8.09 % |
36.42 % |
35.90 % |
|
Return on Total
Assets Employed |
-1.15% |
1.70 % |
8.13% |
6.63 % |
|
Current Debt Ratio |
2.80 % |
3.98 % |
5.11 % |
8.68 % |
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Total Debt Ratio |
3.13% |
4.04 % |
5.59 % |
9.65 % |
|
Stock Turnover
Ratio |
6.57 % |
8.01 % |
5.70 % |
8.47 % |
|
Return on Net
Assets Employed |
-4.77 % |
8.62 % |
53.58 % |
70.67 % |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.60 |
|
|
1 |
Rs. 100.09 |
|
Euro |
1 |
Rs. 71.23 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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-- |
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.