MIRA INFORM REPORT
|
Report No. : |
322635 |
|
Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
EAST END FOODS PLC |
|
|
|
|
Registered Office : |
East End House Kenrick Way West Bromwich B71 4EA |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2014 |
|
|
|
|
Date of Incorporation : |
05.02.1974 |
|
|
|
|
Com. Reg. No.: |
01159183 |
|
|
|
|
Legal Form : |
Public limited with Share Capital |
|
|
|
|
Line of Business : |
Subject is engaged in wholesale
of other food, including fish, crustaceans and molluscs |
|
|
|
|
No. of Employee : |
325(2014) |
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 – 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. 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
EAST END FOODS PLC
Company
No
01159183
Registered
Address
EAST END HOUSE KENRICK WAY WEST BROMWICH B71 4EA
Company Summary
Registered Address
EAST END HOUSE
KENRICK WAY
WEST BROMWICH
B71 4EA
Trading Address
East End House
Kenrick Way
West Bromwich
West Midlands
B71 4EA
Website Address http://www.eastendfoods.co.uk
Telephone Number 01215531999
Fax Number 01215256565
TPS No
FPS Yes
Incorporation Date 05/02/1974
Previous Name EAST
END FOODS (MIDLANDS) LIMITED
Type Public limited with Share
Capital
FTSE Index -
Date of Change 07/10/1994
Filing Date of Accounts 31/10/2014
Currency GBP
Share Capital £200,000
SIC07 46380
Charity Number -
SIC07 Description WHOLESALE
OF OTHER FOOD, INCLUDING FISH, CRUSTACEANS AND MOLLUSCS
Principal Activity Wholesale
distribution of food.
Key
Financials
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
30/04/2014 £170,275,962 £4,109,143
£26,012,986 325
30/04/2013 £159,597,615 £4,869,078
£22,796,841 312
30/04/2012 £146,572,025 £4,700,052
£18,482,841 325
Mortgage
Summary
Total
Mortgage 20
Outstanding 16
Satisfied 4
Trade
Debtors / Bad Debt Summary
Total
Number of Documented Trade 12
Total
Value of Documented Trade £358,882
Commentary
|
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 highly efficient use of assets. |
|
|
This company has made late payments on a medium percentage
of invoices. |
|
|
This company's ratio of total liabilities to total
assets indicates the presence of moderate equity funding. |
|
|
The company has more cash than short term bank
borrowings. |
|
|
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 |
9 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
2 |
Current
Directors
|
Name |
Gurdashan Singh Wouhra |
Date of Birth |
18/06/1960 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
07/11/1991 |
||
|
Address |
Romani, Roman Park, Little Aston, West Midlands, B74 3AF |
||
|
Name |
Jitendra Singh Wouhra |
Date of Birth |
04/10/1960 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
07/11/1991 |
||
|
Address |
35 Rosemary Hill Road, Little Aston, Sutton Coldfield, West Midlands, B74 4HL |
||
|
Name |
Jasbir Singh Wouhra |
Date of Birth |
18/08/1950 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
07/11/1991 |
||
|
Address |
5 Woodside, Streetly Lane, Sutton Coldfield, B74 4TY |
||
|
Name |
Paul Deep Wouhra |
Date of Birth |
13/06/1968 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
07/09/1994 |
||
|
Address |
Ashwood House 46 Mearse Lane, Barnt Green, Birmingham, B45 8HL |
||
|
Name |
Dev Paul Wouhra |
Date of Birth |
06/11/1967 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
07/09/1994 |
||
|
Address |
11 Croftdown Road, Harborne, Birmingham, West Midlands, B17 8RA |
||
|
Name |
Kuldip Singh Wouhra |
Date of Birth |
02/01/1942 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
14 |
Function |
Director |
|
Appointment Date |
07/11/1991 |
||
|
Address |
Lincomb Hall, Lincomb, Stourport On Severn, West Midlands, DY13 9RB |
||
|
Name |
Roger Deep Wouhra |
Date of Birth |
07/11/1980 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
13/10/2013 |
||
|
Address |
10 The Meadows, Stourbridge, West Midlands, DY9 0GW |
||
|
Name |
Devender Singh Wouhra |
Date of Birth |
05/05/1954 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
07/11/1991 |
||
|
Address |
3 Beech Gate Roman Road, Sutton Coldfield, West Midlands, B74 3AR |
||
|
Name |
Jaswinder Singh Wouhra |
Date of Birth |
17/01/1978 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
13/10/2013 |
||
|
Address |
Tall Pines 60 Aldridge Road, Little Aston, Staffordshire, WS9 0PE |
||
Current
Company Secretary
|
Name |
Jaswinder Singh Wouhra |
Date of Birth |
17/01/1978 |
|
Officers Title |
Nationality |
British |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
07/01/2007 |
||
|
Address |
Tall Pines 60 Aldridge Road, Aldridge, Walsall, WS9 0PE |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
EAST END FOODS HOLDINGS LIMITED |
GBP |
150,000 |
ORDINARY B |
1 |
75 |
|
EAST END FOODS HOLDINGS LIMITED |
GBP |
50,000 |
ORDINARY A |
1 |
25 |
Profit & Loss
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£170,275,962 |
6.7% |
£159,597,615 |
8.9% |
£146,572,025 |
16.4% |
£125,911,754 |
3.4% |
£121,826,177 |
|
Export |
£3,470,588 |
23.5% |
£2,810,793 |
-5.3% |
£2,968,815 |
8.3% |
£2,740,624 |
-3.6% |
£2,843,962 |
|
Cost of Sales |
£152,836,593 |
7.2% |
£142,582,196 |
9.2% |
£130,612,767 |
17.6% |
£111,061,629 |
4.7% |
£106,078,374 |
|
Gross Profit |
£17,439,369 |
2.5% |
£17,015,419 |
6.6% |
£15,959,258 |
7.5% |
£14,850,125 |
-5.7% |
£15,747,803 |
|
Wages & Salaries |
£7,930,200 |
5.7% |
£7,503,182 |
9.1% |
£6,875,128 |
15.3% |
£5,964,940 |
3.1% |
£5,788,136 |
|
Directors Emoluments |
£521,000 |
25.5% |
£415,000 |
-8.6% |
£453,911 |
9.2% |
£415,609 |
7.1% |
£387,893 |
|
Operating Profit |
£4,285,663 |
-16.2% |
£5,113,162 |
2.8% |
£4,972,447 |
-9.9% |
£5,517,476 |
-16.7% |
£6,625,141 |
|
Depreciation |
£668,151 |
-2.7% |
£686,346 |
-39.4% |
£1,132,699 |
33% |
£851,415 |
0.7% |
£845,234 |
|
Audit Fees |
£29,700 |
3.5% |
£28,700 |
- |
£28,700 |
10.4% |
£26,000 |
4% |
£25,000 |
|
Interest Payments |
£256,568 |
-2.1% |
£262,159 |
-5.5% |
£277,518 |
3.1% |
£269,267 |
-18.9% |
£331,865 |
|
Pre Tax Profit |
£4,109,143 |
-15.6% |
£4,869,078 |
3.6% |
£4,700,052 |
-10.6% |
£5,258,549 |
-16.5% |
£6,297,908 |
|
Taxation |
-£892,998 |
-60.9% |
-£555,078 |
55% |
-£1,233,060 |
18.8% |
-£1,519,009 |
16% |
-£1,809,268 |
|
Profit After Tax |
£3,216,145 |
-25.4% |
£4,314,000 |
24.4% |
£3,466,992 |
-7.3% |
£3,739,540 |
-16.7% |
£4,488,640 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£3,216,145 |
-25.4% |
£4,314,000 |
24.4% |
£3,466,992 |
-7.3% |
£3,739,540 |
-16.7% |
£4,488,640 |
Balance
Sheet
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Tangible Assets |
£5,153,415 |
-1.4% |
£5,227,676 |
-66.7% |
£15,691,878 |
54.1% |
£10,184,188 |
13.1% |
£9,004,292 |
|
Intangible Assets |
£29,482 |
-4% |
£30,710 |
202.1% |
£10,167 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£5,182,897 |
-1.4% |
£5,258,386 |
-66.5% |
£15,702,045 |
54.2% |
£10,184,188 |
13.1% |
£9,004,292 |
|
Stock |
£19,584,849 |
-0.2% |
£19,631,794 |
0.7% |
£19,504,361 |
12.5% |
£17,341,861 |
17.2% |
£14,792,781 |
|
Trade Debtors |
£4,954,057 |
3.4% |
£4,793,046 |
-6.3% |
£5,116,865 |
-9.9% |
£5,681,325 |
10.1% |
£5,158,460 |
|
Cash |
£3,802,293 |
95.3% |
£1,947,352 |
818.6% |
£211,992 |
-86.8% |
£1,605,696 |
77.2% |
£905,934 |
|
Other Debtors |
£10,757,684 |
-0.2% |
£10,774,548 |
999.9% |
£110,256 |
-49.8% |
£219,790 |
182.9% |
£77,681 |
|
Miscellaneous Current
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£39,098,883 |
5.3% |
£37,146,740 |
48.9% |
£24,943,474 |
0.4% |
£24,848,672 |
18.7% |
£20,934,856 |
|
Trade Creditors |
£12,767,171 |
1.8% |
£12,537,996 |
-12.5% |
£14,325,485 |
16.4% |
£12,308,523 |
37.3% |
£8,967,259 |
|
Bank Loans &
Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£1,934,867 |
-20.6% |
£2,435,965 |
-26.7% |
£3,321,815 |
7.5% |
£3,091,357 |
-37.3% |
£4,933,284 |
|
Miscellaneous Current
Liabilities |
£1,792,534 |
-13% |
£2,059,307 |
-17.7% |
£2,501,072 |
7.2% |
£2,332,493 |
-22.4% |
£3,005,838 |
|
Total Current
Liabilities |
£16,494,572 |
-3.2% |
£17,033,268 |
-15.5% |
£20,148,372 |
13.6% |
£17,732,373 |
4.9% |
£16,906,381 |
|
Bank Loans &
Overdrafts and LTL |
£1,774,222 |
-31.1% |
£2,575,017 |
27.8% |
£2,014,306 |
-11.8% |
£2,284,638 |
30.1% |
£1,756,458 |
|
Other Long Term Finance |
£1,501,685 |
-33.7% |
£2,265,814 |
65.2% |
£1,371,321 |
-25.5% |
£1,840,889 |
55.4% |
£1,184,704 |
|
Total Long Term
Liabilities |
£1,774,222 |
-31.1% |
£2,575,017 |
27.8% |
£2,014,306 |
-11.8% |
£2,284,638 |
30.1% |
£1,756,458 |
.
Capital
& Reserves
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Called Up Share Capital |
£200,000 |
- |
£200,000 |
- |
£200,000 |
- |
£200,000 |
- |
£200,000 |
|
P & L Account Reserve |
£25,812,986 |
14.2% |
£22,596,841 |
23.6% |
£18,282,841 |
23.4% |
£14,815,849 |
33.8% |
£11,076,309 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£26,012,986 |
14.1% |
£22,796,841 |
23.3% |
£18,482,841 |
23.1% |
£15,015,849 |
33.2% |
£11,276,309 |
Other
Financial Items
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Net Worth |
£25,983,504 |
14.1% |
£22,766,131 |
23.2% |
£18,472,674 |
23% |
£15,015,849 |
33.2% |
£11,276,309 |
|
Working Capital |
£22,604,311 |
12.4% |
£20,113,472 |
319.5% |
£4,795,102 |
-32.6% |
£7,116,299 |
76.6% |
£4,028,475 |
|
Total Assets |
£44,281,780 |
4.4% |
£42,405,126 |
4.3% |
£40,645,519 |
16% |
£35,032,860 |
17% |
£29,939,148 |
|
Total Liabilities |
£18,268,794 |
-6.8% |
£19,608,285 |
-11.5% |
£22,162,678 |
10.7% |
£20,017,011 |
7.3% |
£18,662,839 |
|
Net Assets |
£26,012,986 |
14.1% |
£22,796,841 |
23.3% |
£18,482,841 |
23.1% |
£15,015,849 |
33.2% |
£11,276,309 |
Cash
Flow
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Net
Cashflow from Operations |
- |
- |
£3,650,596 |
-45.6% |
£6,713,327 |
7.6% |
£6,239,101 |
105.7% |
£3,032,459 |
|
Net
Cashflow before Financing |
- |
-100% |
£1,956,715 |
269.5% |
-£1,154,594 |
-176.5% |
£1,509,831 |
-29.9% |
£2,154,373 |
|
Net
Cashflow from Financing |
- |
- |
-£221,357 |
7.4% |
-£239,110 |
70.5% |
-£810,069 |
7.9% |
-£879,240 |
|
Increase
in Cash |
- |
- |
£1,735,358 |
224.5% |
-£1,393,704 |
-299.2% |
£699,762 |
-45.1% |
£1,275,133 |
Miscellaneous
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital
Employed |
£27,787,208 |
9.5% |
£25,371,858 |
23.8% |
£20,497,147 |
18.5% |
£17,300,487 |
32.7% |
£13,032,767 |
|
Number
of Employees |
325 |
4.2% |
312 |
-4% |
325 |
20.4% |
270 |
4.7% |
258 |
|
Auditors |
PRICEWATERHOUSECOOPERS
LLP |
||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
||||||||
|
Bankers |
HSBC
BANK PLC |
||||||||
|
Bank
Branch Code |
40-46-13 |
||||||||
Ratios
|
Date Of Accounts |
30/04/14 |
30/04/13 |
30/04/12 |
30/04/11 |
30/04/10 |
|
Pre-tax profit margin % |
2.41 |
3.05 |
3.21 |
4.18 |
5.17 |
|
Current ratio |
2.37 |
2.18 |
1.24 |
1.40 |
1.24 |
|
Sales/Net Working Capital |
7.53 |
7.93 |
30.57 |
17.69 |
30.24 |
|
Gearing % |
6.80 |
11.30 |
10.90 |
15.20 |
15.60 |
|
Equity in % |
58.80 |
53.80 |
45.50 |
42.90 |
37.70 |
|
Creditor Days |
27.29 |
28.59 |
35.57 |
35.58 |
26.79 |
|
Debtor Days |
10.59 |
10.93 |
12.70 |
16.42 |
15.41 |
|
Liquidity/Acid Test |
1.18 |
1.02 |
0.26 |
0.42 |
0.36 |
|
Return On Capital Employed % |
14.78 |
19.19 |
22.93 |
30.39 |
48.32 |
|
Return On Total Assets Employed % |
9.27 |
11.48 |
11.56 |
15.01 |
21.03 |
|
Current Debt Ratio |
0.63 |
0.74 |
1.09 |
1.18 |
1.49 |
|
Total Debt Ratio |
0.70 |
0.86 |
1.19 |
1.33 |
1.65 |
|
Stock Turnover Ratio % |
11.50 |
12.30 |
13.30 |
13.77 |
12.14 |
|
Return on Net Assets Employed % |
15.79 |
21.35 |
25.42 |
35.01 |
55.85 |
Event History
|
Date |
Description |
|
11/03/2015 |
Annual Returns |
|
11/11/2014 |
New Accounts Filed |
|
17/03/2014 |
New Board Member Mr D.S. Wouhra appointed |
|
12/03/2014 |
Mr K.S. Wouhra has resigned as company secretary |
|
11/03/2014 |
Annual Returns |
|
13/01/2014 |
New Board Member Mr J.S. Wouhra appointed |
|
09/11/2013 |
New Accounts Filed |
|
31/10/2013 |
New Board Member Mr R.D. Wouhra appointed |
|
30/01/2013 |
Annual Returns |
|
09/11/2012 |
New Accounts Filed |
|
09/11/2012 |
New Accounts Filed |
|
20/02/2012 |
Annual Returns |
|
08/11/2011 |
New Accounts Filed |
|
08/11/2011 |
New Accounts Filed |
|
22/01/2011 |
Annual Returns |
Previous
Company Names
|
Date |
Previous Name |
|
07/10/1994 |
EAST END FOODS (MIDLANDS) LIMITED |
Statistics
|
Group |
3 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
EAST END FOODS HOLDINGS LIMITED |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
EAST END FOODS HOLDINGS LIMITED |
Group
Structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
|
07812840 |
30.04.2014 |
Y |
£170,275,962 |
|
|
|
07813491 |
30.04.2014 |
N |
£830,000 |
|
|
|
01159183 |
30.04.2014 |
N |
£170,275,962 |
|
Group |
3 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Mortgage
Details
|
Mortgage Type: |
|||
|
Date Charge Created: |
18/07/13 |
||
|
Date Charge Registered: |
20/07/13 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
L/H LAND LYING TO THE SOUTH EAST OF RABONE LANE SMETHWICK T/NO MM13947NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE. |
||
|
Mortgage Type: |
|||
|
Date Charge Created: |
18/07/13 |
||
|
Date Charge Registered: |
20/07/13 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
L/H LAND AND BUILDING ON THE WEST SIDE OF PARK ROAD ASTON BIRMINGHAM T/NO MM13978NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE. |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
19/07/11 |
||
|
Date Charge Registered: |
21/07/11 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
LAND AND BUILDINGS ON THE WEST SIDE OF PARK ROAD ASTON BIRMINGHAM T/NO WM724954; WITH THE BENEFIT OFALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THEPROPERTY. ANY RENTAL & OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY& ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
18/03/10 |
||
|
Date Charge Registered: |
20/03/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
LAND LYING TO THE SOUTH EAST OF RABONE LANE SMETHWICK WEST MIDLANDS, T/N\S WM750730 WM750728, WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
23/02/09 |
||
|
Date Charge Registered: |
25/02/09 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H - LAND LYING TO THE SOUTH EAST OF RABONE LANE SMETHWICK SANDWELL WEST MIDLANDS T/NO\S WM750730 AND WM750728 WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THEPROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROMTIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEGAL LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
20/02/09 |
||
|
Date Charge Registered: |
24/02/09 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H LAND ON THE WEST SIDE OF PARK ROAD ASTON BIRMINGHAM WITH THE BENEFIT OF ALLRIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEGAL LICENCEOROTHER INTEREST CREATED IN RESPECT OFTHE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
25/05/00 |
||
|
Date Charge Registered: |
07/06/00 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
THE PROPERTY LEASE RELATING TO EAST ENDHOUSE, KENRICK WAY, WEST BROMICH WEST MIDLANDS DATED 8 DECEMBER 1998 WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTALAND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTYAND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
01/03/99 |
||
|
Date Charge Registered: |
05/03/99 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND 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 FIXTURESFIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
04/05/95 |
||
|
Date Charge Registered: |
05/05/95 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED CHARGE ON ALL GOODWILL AND UNCALLED CAPITAL FOR THE TIME BEING OF THE COMPANY; AND ALL PATENTSPATENT APPLICATIONS INVENTIONS TRADE MARKS TRADE NAMES ETC |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
11/10/94 |
||
|
Date Charge Registered: |
29/10/94 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H AND PREMISES NORTH OF ALCESTER STREET DERITEND BIRMINGHAM T/N WM494909 TOGETHER WITH ALL FIXTURES AND FITTINGS NOW OR AT ANY TIME HEREAFTER ON THE PROPERTY. THE BENEFITS OF ALL RIGHTS LICENCES ANDTHE GOODWILL OF THE MORTGAGOR INRELATION TO THE BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
11/10/94 |
||
|
Date Charge Registered: |
29/10/94 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H LAND AND PREMISES WEST OF DARWIN STREET DERITEND BIRMINGHAM T/N WM535067 TOGETHER WITH ALL FIXTURES AND FITTINGS NOW OR AT ANY TIME HEREAFTER ON THE PROPERTY. THE BENEFITS OF ALL RIGHTS LICENCES AND THE GOODWILL OF THE MORTGAGOR INRELATION TO THE BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
05/02/93 |
||
|
Date Charge Registered: |
26/02/93 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H PROPERTY TO SOUTH EAST SIDE OF RAYBONE LANE SMETHWICK W.MIDLANDS WITH GOODWILL FIXTURES FITTINGS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
05/02/93 |
||
|
Date Charge Registered: |
26/02/93 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H PROPERTY ON NORTH SIDE OF ALCESTER STREET DERITEND BIRMINGHAM T/N WM 494909WITH GOODWILL FIXTURES FITTINGS |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
09/08/91 |
||
|
Date Charge Registered: |
10/08/91 |
||
|
Date Charge Satisfied: |
22/11/97 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
GALLAHER LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H PROPERTY K/A 58 TO 66 (EVEN) DARWINSTREET BIRMINGHAM WEST MIDLANDS T/NO. WM 189052 |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
04/08/86 |
||
|
Date Charge Registered: |
07/08/86 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING BOOK DEBTS UNCALLED CAPITAL. |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
04/08/86 |
||
|
Date Charge Registered: |
07/08/86 |
||
|
Date Charge Satisfied: |
22/11/97 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H PROPERTY SITUATE & K/A 58-66 (EVEN)DARWIN STREET BIRMINGHAM 12. |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
04/08/86 |
||
|
Date Charge Registered: |
07/04/86 |
||
|
Date Charge Satisfied: |
07/04/86 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H PROPERTY SITUATE AND K/A 58 AND 66 DARWIN STREET BIRMINGHAM |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge Created: |
30/10/85 |
||
|
Date Charge Registered: |
05/11/85 |
||
|
Date Charge Satisfied: |
05/11/85 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
NATIONAL WETSMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
A SPECIFIC EQUITABLE CHARGE OVER ALL F/H AND L/H PROPERTIES AND/OR THE PROCEEDSOF SALE THEREOF. FIXED AND FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFIT OF ANY LICENCES. |
||
|
Mortgage Type: |
MORTGAGE |
||
|
Date Charge Created: |
21/02/80 |
||
|
Date Charge Registered: |
11/03/80 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H LAND & PREMISES AT 58/66 DARWIN STREET BIRMINGHAM 12 TOGETHER WITH POWER TRADE MACHINERY AND FIXTURES PRESENT AND FUTURE AND ALL OTHER MACHINERY, UTENSILS & CHATTELS. |
||
|
Mortgage Type: |
MORTGAGE |
||
|
Date Charge Created: |
21/02/79 |
||
|
Date Charge Registered: |
27/02/79 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H LAND AND PREMISES BEING PSW BUILDINGS ATHOLE STREET, MOSELEY ROAD, BIRMINGHAM WITH POWER TRADE MACHINERY AND FIXTURES PRESENT AND FUTURE TITLE NO WK 192480 |
||
Creditor Details
|
Total Number |
Total Value |
|
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
Trade
Debtors / Bad Debt Detail
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
|
Trade Debtors |
12 |
£358,882 |
|
Company Name |
Amount |
Statement Date |
|
Pak Supermarket Washwood Heath Ltd |
£147,036 |
15/01/2015 |
|
Pak Supermarket (Perry Barr) Limited |
£93,408 |
17/06/2011 |
|
Pak Butchers (Perry Barr) Limited |
£35,000 |
02/02/2012 |
|
G B Goods Ltd |
£20,558 |
08/07/2014 |
|
Dhillon & Dhillon Limited |
£19,983 |
15/07/2014 |
|
Rai Trading Ltd |
£19,212 |
03/05/2013 |
|
Orient Food Supplies Ltd |
£6,700 |
05/07/2012 |
|
I S W Limited |
£6,495 |
28/05/2010 |
|
Ahmeds Valley Food Ltd |
£5,879 |
09/05/2014 |
|
Chambers & Knight Limited |
£2,700 |
09/07/2014 |
|
Marhaba Cash & Carry Ltd |
£1,319 |
11/12/2013 |
|
Hi Gate Dairy Limited |
£592 |
03/02/2014 |
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Kuldip Singh Wouhra |
14 |
2 |
|
Trilok Singh Wouhra |
1 |
8 |
|
Average Invoice Value |
Ł14474.82 |
|
Invoices available |
422 |
|
Paid |
399 |
|
Outstanding |
23 |
|
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 |
200 |
110 |
43 |
32 |
14 |
|
Outstanding |
18 |
3 |
0 |
1 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.55 |
|
|
1 |
Rs.99.86 |
|
Euro |
1 |
Rs.72.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.