MIRA INFORM REPORT
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Report No. : |
310597 |
|
Report Date : |
03.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIANA FOOD LIMITED |
|
|
|
|
Formerly Known As : |
MAP TECHNOLOGIES LIMITED |
|
|
|
|
Registered Office : |
Holbeach Technology Park Holbeach Spalding Lincolnshire Pe12 7PT |
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|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
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|
|
|
Date of Incorporation : |
08.04.2002 |
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|
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Com. Reg. No.: |
04410778 |
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|
|
|
Legal Form : |
Private Limited With Share Capital |
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|
|
|
Line of Business : |
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|
|
|
No. of Employee : |
Not Available |
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 companies |
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|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the
third largest economy in Europe after Germany and France. Over the past two decades,
the government has greatly reduced public ownership. Agriculture is intensive,
highly mechanized, and efficient by European standards, producing about 60% of
food needs with less than 2% of the labor force. The UK has large coal, natural
gas, and oil resources, but its oil and natural gas reserves are declining and
the UK became a net importer of energy in 2005. Services, particularly banking,
insurance, and business services, are key drivers of British GDP growth.
Manufacturing, meanwhile, has declined in importance but still accounts for
about 10% of economic output. After emerging from recession in 1992, Britain's
economy enjoyed the longest period of expansion on record during which time
growth outpaced most of Western Europe. In 2008, however, the global financial
crisis hit the economy particularly hard, due to the importance of its
financial sector. Falling home prices, high consumer debt, and the global
economic slowdown compounded Britain's economic problems, pushing the economy
into recession in the latter half of 2008 and prompting the then BROWN (Labour)
government to implement a number of measures to stimulate the economy and
stabilize the financial markets; these included nationalizing parts of the
banking system, temporarily cutting taxes, suspending public sector borrowing
rules, and moving forward public spending on capital projects. Facing
burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition
government (between Conservatives and Liberal Democrats) initiated a five-year
austerity program, which aimed to lower London's budget deficit from about 11%
of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the
Exchequer George OSBORNE announced additional austerity measures through 2017
largely due to the euro-zone debt crisis. The CAMERON government raised the
value added tax from 17.5% to 20% in 2011. It has pledged to reduce the
corporation tax rate to 21% by 2014. The Bank of England (BoE) implemented an
asset purchase program of £375 billion (approximately $605 billion) as of
December 2013. During times of economic crisis, the BoE coordinates interest
rate moves with the European Central Bank, but Britain remains outside the
European Economic and Monetary Union (EMU). In 2012, weak consumer spending and
subdued business INVESTMENT
weighed
on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in
the second half of the year because of greater consumer spending and a
recovering housing market. The budget deficit is falling but remains high at
nearly 7% and public debt has continued to increase.
|
Source
: CIA |
Company
identification
DIANA
FOOD LIMITED Telephone -
HOLBEACH
TECHNOLOGY PARK Fax -
HOLBEACH
Website
www.maptechnologies.co.uk
SPALDING
LINCOLNSHIRE
PE12
7PT
United Kingdom
Company Number: 04410778 Status: Active - Accounts Filed
Foundation: 08/04/2002
Comments
The latest Balance Sheet indicates a very positive net working capital position. The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations. There has been an increase in shareholders funds compared with the previous balance sheet.
This company has made late payments on a medium percentage of invoices.
This company has been treated as a Small company. This company trades in an industry with a moderate level of corporate failures.
Basic
information
LEGAL FORM
Private limited with Share Capital
FOUNDATION
08/04/2002
COMPANY NO.
04410778
PREVIOUS NAMES
Date of Change
Previous Name
18/12/2014 MAP TECHNOLOGIES LIMITED
SHAREHOLDERS
|
Name |
Currency |
Number of |
Share type |
Nominal value |
|
|
|
shares |
|
|
|
DIANA NATURALS SAS |
GBP |
1 |
ORDINARY B |
1 |
|
DIANA NATURALS SAS |
GBP |
1 |
ORDINARY C |
1 |
|
DIANA NATURALS SAS |
GBP |
1 |
ORDINARY D |
1 |
|
DIANA NATURALS SAS |
GBP |
53,333 |
ORDINARY A |
1 |
|
Total Share Capital |
|
|
|
GBP 53,336 |
MANAGEMENT
|
DIRECTORS |
|
|
|
|
|
Name |
Address: |
Date of |
Nationality |
Appointment |
|
|
|
birth |
date |
|
|
Yannick Riou |
5 Rue De La Gare, Antrain
35560 |
26/03/1970 |
French |
01/09/2014 |
|
Mr Martial Jean Marc |
7 Allee Ermengarde D’anjou,
Rennes |
27/07/1970 |
French |
03/11/2014 |
|
Gabriel Rubin |
35000 |
|
|
|
COMPANY SECRETARY
|
Name |
Address: |
Appointment |
|
Ms
Miriam Fedida |
Holbeach
Technology Park Holbeach, Spalding, |
15/12/2014 |
OTHER KNOWN ADDRESSES
Holbeach Technology Park, Park
Road, Holbeach, Spalding, Lincolnshire PE12 7PT Park Road, Holbeach, Spalding,
Lincolnshire PE12 7PT
Company
relationships
|
Company No. |
Name |
Status |
Country |
|
Ultimate parent |
|||
|
- |
KERISPER
SAS |
Other |
France |
|
|
|
|
|
|
Affiliated companies |
|||
|
03069136 |
CONFOCO
INTERNATIONAL LIMITED |
Active |
United
Kingdom |
|
|
|
|
|
|
Immediate parent |
|||
|
30823517500053 |
DIANA
NATURALS |
Active |
France |
Business
activities
|
Main activity |
|
|
Principal Activity |
Manufacture of dyes and
pigments. colorants that find
application in the fields of food, |
|
|
pharmaceutical and cosmetic
products. |
|
SIC03 |
Manufacture of dyes and
pigments |
|
SIC07 |
Manufacture of dyes and
pigments |
Economic
data
|
Turnover and Employees |
|
|
|
Date of Accounts |
Turnover |
Employees |
|
31/12/2011 |
Not Stated |
Not Stated |
|
31/12/2012 |
Not Stated |
Not Stated |
|
31/12/2013 |
Not Stated |
Not Stated |
Supplementary
data
AUDITOR
Auditor name
CANNON WILLIAMSON
EVENTS
Company history
|
Date |
Action |
|
26/04/2010 |
Annual Returns |
|
27/04/2010 |
Mr P.D. Shaw has left the
board |
|
12/11/2010 |
New Accounts Filed |
|
16/04/2011 |
Annual Returns |
|
29/08/2011 |
Mr M.B. Scott has left the
board |
|
29/08/2011 |
Mr A.C. Swales has left the
board |
|
29/08/2011 |
New Company Secretary CURZON
CORPORATE SECRETARIES LIMITE appointed |
|
29/08/2011 |
New Board Member Mr S. Lawson
appointed |
|
05/09/2011 |
New Board Member J.Y. Parisot
appointed |
|
05/09/2011 |
New Board Member Mr S.K.
Lawson appointed |
|
16/03/2012 |
New Accounts Filed |
|
21/04/2012 |
Annual Returns |
|
26/06/2012 |
New Accounts Filed |
|
26/06/2012 |
New Accounts Filed |
|
21/02/2013 |
Mr S.K. Lawson has left the
board |
|
21/02/2013 |
New Board Member Mr M. Meunier
appointed |
|
26/04/2013 |
New Accounts Filed |
|
29/04/2013 |
Annual Returns |
|
24/02/2014 |
New Accounts Filed |
|
03/05/2014 |
Annual Returns |
|
25/11/2014 |
Mr M. Meunier has left the
board |
|
25/11/2014 |
J.Y. Parisot has left the
board |
|
25/11/2014 |
New Board Member Y. Riou
appointed |
|
26/11/2014 |
New Board Member Mr M.J. Rubin
appointed |
|
19/12/2014 |
Change in Reg.Office |
|
19/12/2014 |
Change of Company Postcode |
|
19/12/2014 |
CURZON CORPORATE SECRETARIES
LIMITE has resigned as company secretary |
|
19/12/2014 |
New Company Secretary Ms M.
Fedida appointed |
|
22/12/2014 |
Change of Name |
MORTGAGES
|
Charge created |
27/05/2002 |
|
Charge registered |
11/06/2002 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC BANK PLC |
|
Mortgage detail |
FIXED AND FLOATING CHARGES
OVER THE UNDERTAKING AND ALL PROPERTY |
|
|
AND ASSETS PRESENT AND FUTURE
INCLUDING GOODWILL BOOKDEBTS UN- |
|
|
CALLED CAPITAL BUILDINGS FIXTURESFIXED
PLANT AND MACHINERY |
|
Charge created |
06/09/2004 |
|
Charge registered |
11/09/2004 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Mortgage detail |
FIXED AND FLOATING CHARGES
OVER THE UNDERTAKING AND ALL PROPERTY |
County Court Judgments (CCJs)
There are no County Court
Judgments listed against this company
Accounts
PROFIT & LOSS
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
30/06/2011 52 GBP Group: No |
|
Turnover |
0 |
0 |
0 |
0 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
|
Wages And Salaries |
0 |
0 |
0 |
0 |
|
Directors Emoluments |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
|
Depreciation |
17,572 |
17,044 |
10,535 |
25,083 |
|
Audit Fees |
- |
6,000 |
5,500 |
3,500 |
|
Interests Payments |
- |
- |
- |
- |
|
Pre Tax Profit |
0 |
0 |
0 |
0 |
|
Taxation |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
BALANCE SHEET
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
30/06/2011 52 GBP Group: No |
|
Tangible Assets |
68,559 |
79,948 |
93,608 |
100,354 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
68,559 |
79,948 |
93,608 |
100,354 |
|
Stock |
262,459 |
94,197 |
153,634 |
152,782 |
|
Trade Debtors |
924,533 |
966,729 |
736,975 |
760,556 |
|
Cash |
644,361 |
394,429 |
238,871 |
411,339 |
|
Other Debtors |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
1,831,353 |
1,455,355 |
1,129,480 |
1,324,677 |
|
Trade Creditors |
513,350 |
500,844 |
482,351 |
787,160 |
|
Bank Loans and Overdraft |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
0 |
0 |
0 |
0 |
|
Miscellaneous Current
Liabilities |
0 |
0 |
0 |
0 |
|
Total Current Liabilities |
513,350 |
500,844 |
482,351 |
787,160 |
|
Bank Loans and Overdrafts LTL |
9,724 |
11,628 |
10,202 |
8,056 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
9,724 |
11,628 |
10,202 |
8,056 |
CAPITAL &
RESERVES
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
30/06/2011 52 GBP Group: No |
|
Called Up Share Capital |
53,336 |
53,336 |
53,336 |
53,336 |
|
P and L Account Reserve |
1,296,835 |
942,828 |
650,532 |
549,812 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
26,667 |
26,667 |
26,667 |
26,667 |
|
Shareholders Funds |
1,376,838 |
1,022,831 |
730,535 |
629,815 |
OTHER FINANCIAL
ITEMS
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
30/06/2011 52 GBP Group: No |
|
Net Worth |
1,376,838 |
1,022,831 |
730,535 |
629,815 |
|
Working Capital |
1,318,003 |
954,511 |
647,129 |
537,517 |
|
Total Assets |
1,899,912 |
1,535,303 |
1,223,088 |
1,425,031 |
|
Total Liabilities |
523,074 |
512,472 |
492,553 |
795,216 |
|
Net Assets |
1,376,838 |
1,022,831 |
730,535 |
629,815 |
CASH FLOW
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
30/06/2011 52 GBP Group: No |
|
Net Cash Flow from Operations |
0 |
0 |
0 |
0 |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
249,932 |
155,558 |
-172,468 |
258,781 |
MISCELLANEOUS
|
|
30/06/2013 52 GBP Group: No |
30/06/2012 52 GBP Group: No |
30/06/2011 52 GBP Group: No |
30/06/2010 52 GBP Group: No |
|
|
|
|
|
|
|
Capital Employed |
1,386,562 |
1,034,459 |
740,737 |
637,871 |
FINANCIAL RATIOS
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
30/06/2011 |
|
Pre Tax Profit Margin |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Ration |
3.57 |
2.91 |
2.34 |
1.68 |
|
Sales or Net Working Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
0.71
% |
1.14
% |
1.40
% |
1.28
% |
|
Equity |
72.47
% |
66.62
% |
59.73
% |
44.20
% |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity or Acid test |
3.05 |
2.71 |
2.02 |
1.48 |
|
Return on Capital Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Total Assets
Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Debt Ratio |
0.37
% |
0.48
% |
0.66
% |
1.24
% |
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
30/06/2011 |
|
Total Debt Ratio |
0.37
% |
0.50
% |
0.67
% |
1.26
% |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.82 |
|
|
1 |
Rs.95.27 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.