MIRA INFORM REPORT

 

 

Report No. :

324334

Report Date :

26.05.2015

 

IDENTIFICATION DETAILS

 

Name :

VEETEE RICE LIMITED

 

 

Formerly Known As :

V T AGRO MILLS LIMITED

 

 

Registered Office :

Veetee House, Neptune Close, Medway City Estate, Me2 4lt

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

10.04.1986

 

 

Com. Reg. No.:

02009019

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Milling, packing and sale of rice to wholesalers, distributors and retailers.

 

 

No. of Employee :

128

 

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

 

T he 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:           VEETEE RICE LIMITED

Company No:                02009019

Company Status:          Active - Accounts Filed

Status                           Active

 

 

Company Summary

 

Registered Address

VEETEE HOUSE
NEPTUNE CLOSE
MEDWAY CITY ESTATE
ME2 4LT

 

Trading Address

Veetee House Unit 21
Neptune Industrial Estate
Neptune Close, Medway City Estate
Rochester, Kent
ME2 4LT

 

Website Address           http://www.veetee.com

Telephone Number        01634290092

TPS                              No

FPS                              No

Incorporation Date         10/04/1986

Previous Name V T AGRO MILLS LIMITED

Type                             Private limited with Share Capital

FTSE Index                   -

Date of Change             04/09/1995

Filing Date of Accounts 25/09/2014

Currency                       GBP

Share Capital                £5,000,000

SIC07                           10611

Charity Number             -

SIC07 Description         GRAIN MILLING

Principal Activity

Milling, packing and sale of rice to wholesalers, distributors and retailers.

 

 

Key Financials

 

Year to Date                 Turnover          Pre Tax Profit               Shareholder                 Funds Employees

31/12/2013                    £60,911,470      £3,501,183                    £19,120,051                  128

31/12/2012                    £55,688,772      £2,751,377                    £16,263,341                  120

31/12/2011                    £71,392,702      £1,485,593                    £14,230,014                  108

 

Mortgage Summary

 

Total Mortgage              24

Outstanding                  4

Satisfied                       20

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                   2

Total Value of Documented Trade                      £4,361

 

 

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.

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

This company trades in an industry with a moderate 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

4

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

7

 

 

CURRENT DIRECTORS

 

Name

Manmohan Chander Varma

Date of Birth

21/01/1949

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

23/08/1991

Address

Aston House 23 Russell Road, Northwood, Moor Park, Middlesex, HA6 2LP

 

Name

Essam Al Muhaidib

Date of Birth

09/04/1959

Officers Title

Mr

Nationality

Saudi Arabian

Present Appointments

1

Function

Director

Appointment Date

15/03/1996

Address

Po Box 30, Dammam, 31411

 

Name

Rajiv Varma

Date of Birth

18/09/1985

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

17/04/2013

Address

Veetee House, Neptune Close, Medway City Estate, Rochester Kent, ME2 4LT

 

Name

Isam Majid Abdullatif Al-Muhaideb

Date of Birth

24/09/1972

Officers Title

Mr

Nationality

Present Appointments

1

Function

Director

Appointment Date

31/12/2013

Address

Po Box 30 Po Box 30, Dammam, 31411

 

 

CURRENT COMPANY SECRETARY

 

Name

Shashi Prakash Surana

Date of Birth

29/12/1965

Officers Title

Ms

Nationality

British

Present Appointments

4

Function

Company Secretary

Appointment Date

01/06/2007

Address

8 Franklin Drive, Weavering, Maidstone, Kent, ME14 5SY

 

TOP 20 SHAREHOLDERS

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

VEETEE INVESTMENTS CORP.

GBP

4,999,999

ORDINARY

1

100

M.C. VARMA

GBP

1

ORDINARY

1

0

 

 

Accounts

 

PROFIT & LOSS

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£60,911,470

9.4%

£55,688,772

-22%

£71,392,702

18.5%

£60,261,529

-2.1%

£61,553,873

Export

£6,716,179

46.7%

£4,578,928

11.6%

£4,102,324

15%

£3,566,672

-20.5%

£4,488,171

Cost of Sales

£49,261,011

9.1%

£45,167,218

-26.7%

£61,609,464

27.8%

£48,213,305

-5.3%

£50,916,342

Gross Profit

£11,650,459

10.7%

£10,521,554

7.5%

£9,783,238

-18.8%

£12,048,224

13.3%

£10,637,531

Wages & Salaries

£4,758,850

10%

£4,328,111

4.9%

£4,126,787

11.6%

£3,696,332

2.5%

£3,606,871

Directors Emoluments

£266,826

28.4%

£207,741

-

£207,741

2%

£203,641

6.5%

£191,227

Operating Profit

£4,140,393

22.5%

£3,379,901

56.9%

£2,154,179

-55.3%

£4,814,574

16.8%

£4,120,990

Depreciation

£852,853

-0.8%

£859,502

18.5%

£725,516

0.9%

£719,188

-2%

£733,792

Audit Fees

£29,500

5.4%

£28,000

-

£28,000

-6.7%

£30,000

7.1%

£28,000

Interest Payments

£640,984

1.6%

£630,945

-6.3%

£673,707

21.8%

£553,204

-26%

£748,060

Pre Tax Profit

£3,501,183

27.3%

£2,751,377

85.2%

£1,485,593

-65.1%

£4,261,688

23.1%

£3,462,896

Taxation

-£644,473

10.2%

-£718,050

-66.2%

-£431,981

62.7%

-£1,157,431

-24.8%

-£927,642

Profit After Tax

£2,856,710

40.5%

£2,033,327

93%

£1,053,612

-66.1%

£3,104,257

22.4%

£2,535,254

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£2,856,710

40.5%

£2,033,327

93%

£1,053,612

-66.1%

£3,104,257

22.4%

£2,535,254

 

BALANCE SHEET

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Tangible Assets

£8,403,632

0.4%

£8,371,372

-3.8%

£8,706,574

31.2%

£6,633,753

16.8%

£5,681,305

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£8,403,632

0.4%

£8,371,372

-3.8%

£8,706,574

31.2%

£6,633,753

16.8%

£5,681,305

Stock

£20,628,196

9.4%

£18,851,937

-5%

£19,850,557

23.4%

£16,085,591

62.4%

£9,904,190

Trade Debtors

£11,196,700

55.9%

£7,184,148

-43.2%

£12,645,218

19.6%

£10,570,323

18.7%

£8,902,436

Cash

£383,866

232.1%

£115,595

-63%

£312,377

117.8%

£143,418

35.1%

£106,163

Other Debtors

£9,353,714

-4.1%

£9,755,285

-15.6%

£11,557,027

46.7%

£7,875,804

-31.6%

£11,511,049

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£41,562,476

15.8%

£35,906,965

-19.1%

£44,365,179

27.9%

£34,675,136

14%

£30,423,838

Trade Creditors

£3,798,025

176.8%

£1,371,893

-18.1%

£1,674,251

-39.6%

£2,771,833

12%

£2,475,591

Bank Loans & Overdrafts

£23,281,482

18.5%

£19,645,640

-38%

£31,661,342

47.1%

£21,518,383

5.4%

£20,417,934

Other Short Term Finance

£374,234

-87.7%

£3,042,497

101.1%

£1,512,872

490%

£256,423

85.5%

£138,199

Miscellaneous Current Liabilities

£1,814,559

-1.6%

£1,843,159

6.7%

£1,726,688

-30%

£2,465,653

10.2%

£2,237,580

Total Current Liabilities

£29,268,300

13%

£25,903,189

-29.2%

£36,575,153

35.4%

£27,012,292

6.9%

£25,269,304

Bank Loans & Overdrafts and LTL

£24,859,239

14.3%

£21,757,447

-35.9%

£33,927,928

49.9%

£22,638,578

6.9%

£21,181,628

Other Long Term Finance

£501,898

-41.4%

£857,173

3.9%

£825,073

133.8%

£352,896

999.9%

£23,411

Total Long Term Liabilities

£1,577,757

-25.3%

£2,111,807

-6.8%

£2,266,586

102.3%

£1,120,195

46.7%

£763,694

 

CAPITAL & RESERVES

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Called Up Share Capital

£5,000,000

-

£5,000,000

-

£5,000,000

-

£5,000,000

-

£5,000,000

P & L Account Reserve

£14,120,051

25.4%

£11,263,341

22%

£9,230,014

12.9%

£8,176,402

61.2%

£5,072,145

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£19,120,051

17.6%

£16,263,341

14.3%

£14,230,014

8%

£13,176,402

30.8%

£10,072,145

 

OTHER FINANCIAL ITEMS

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Worth

£19,120,051

17.6%

£16,263,341

14.3%

£14,230,014

8%

£13,176,402

30.8%

£10,072,145

Working Capital

£12,294,176

22.9%

£10,003,776

28.4%

£7,790,026

1.7%

£7,662,844

48.7%

£5,154,534

Total Assets

£49,966,108

12.8%

£44,278,337

-16.6%

£53,071,753

28.5%

£41,308,889

14.4%

£36,105,143

Total Liabilities

£30,846,057

10.1%

£28,014,996

-27.9%

£38,841,739

38.1%

£28,132,487

8.1%

£26,032,998

Net Assets

£19,120,051

17.6%

£16,263,341

14.3%

£14,230,014

8%

£13,176,402

30.8%

£10,072,145

 

CASH FLOW

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Cashflow from Operations

-£746,979

-105.5%

£13,563,219

292.2%

-£7,055,238

-467.6%

£1,919,383

-33%

£2,866,610

Net Cashflow before Financing

-£3,012,296

-125.6%

£11,768,822

204.8%

-£11,227,335

-694.6%

-£1,412,998

-308.2%

£678,696

Net Cashflow from Financing

-

-

-

-

-

-

-

100%

-£21,111,775

Increase in Cash

-£3,012,296

-125.6%

£11,768,822

204.8%

-£11,227,335

-694.6%

-£1,412,998

93.1%

-£20,433,079

 

MISCELLANEOUS

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£20,697,808

12.6%

£18,375,148

11.4%

£16,496,600

15.4%

£14,296,597

31.9%

£10,835,839

Number of Employees

128

6.7%

120

11.1%

108

1.9%

106

1%

105

Auditors

ADRIAN C MANSBRIDGE & CO

Auditor Comments

The audit report contains no adverse comments

Bankers

HSBC BANK PLC

Bank Branch Code

40-02-26

 

RATIOS

Date Of Accounts

31/12/13

31/12/12

31/12/11

31/12/10

31/12/09

Pre-tax profit margin %

5.75

4.94

2.08

7.07

5.63

Current ratio

1.42

1.39

1.21

1.28

1.20

Sales/Net Working Capital

4.95

5.57

9.16

7.86

11.94

Gearing %

130

133.80

238.40

171.80

210.30

Equity in %

38.30

36.70

26.80

31.90

27.90

Creditor Days

22.69

8.96

8.53

16.74

14.63

Debtor Days

66.91

46.95

64.47

63.84

52.64

Liquidity/Acid Test

0.71

0.65

0.67

0.68

0.81

Return On Capital Employed %

16.91

14.97

9

29.80

31.95

Return On Total Assets Employed %

7

6.21

2.79

10.31

9.59

Current Debt Ratio

1.53

1.59

2.57

2.05

2.50

Total Debt Ratio

1.61

1.72

2.72

2.13

2.58

Stock Turnover Ratio %

33.86

33.85

27.80

26.69

16.09

Return on Net Assets Employed %

18.31

16.91

10.43

32.34

34.38

 

Report Notes

There are no notes to display.

 

Status History

No Status History found

 

Event History

Date

Description

03/10/2014

New Accounts Filed

03/10/2014

New Accounts Filed

03/09/2014

Annual Returns

04/03/2014

New Board Member Mr I.M. Al-Muhaideb appointed

05/10/2013

New Accounts Filed

05/10/2013

New Accounts Filed

11/09/2013

Annual Returns

23/04/2013

New Board Member Mr R. Varma appointed

04/10/2012

New Accounts Filed

04/10/2012

New Accounts Filed

01/09/2012

Annual Returns

01/10/2011

New Accounts Filed

01/10/2011

New Accounts Filed

29/08/2011

Annual Returns

31/08/2010

Annual Returns

 

Previous Company Names

Date

Previous Name

04/09/1995

V T AGRO MILLS LIMITED

 

 

Writ Details

No writs found

 

STATISTICS

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

SUMMARY

Holding Company

-

Ownership Status

Wholly Owned

Ultimate Holding Company

VEETEE INVESTMENTS CORP

 

 

GROUP STRUCTURE FULL

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

VEETEE INVESTMENTS CORP

 

N/A

-

-

VEETEE RICE LIMITED

 

02009019

31.12.2013

N

£60,911,470

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

17/02/14

Date Charge Registered:

21/02/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

F/H PROPERTY K/A VEETEE HOUSE NEPTUNE CLOSE MEDWAY CITY ESTATE ROCHESTER KENT T/NOS. K705388 AND K513756, F/H PROPERTY K/A PLOT 21 MEDWAY MARITIME ESTATE FRINDSBURY T/NO. K529899CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:

Date Charge Created:

17/02/14

Date Charge Registered:

21/02/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

F/H PROPERTY K/A ENTERPRISE HOUSE ENTERPRISE CLOSE ROCHESTER KENT T/NO. K583645CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

Date Charge Created:

17/02/14

Date Charge Registered:

21/02/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

RBS INVOICE FINANCE LIMITED;

Amount Secured:

Details:

F/H PROPERTY K/A ENTERPRISE HOUSE ENTERPRISE CLOSE ROCHESTER KENT T/NO. K583645,F/H PROPERTY K/A VEETEE HOUSE NEPTUNE CLOSE MEDWAY CITY ESTATE ROCHESTER KENT T/NOS. K705388 AND K513756, F/H PROPERTY K/A PLOT 21 MEDWAY MARITIME ESTATE FRINDSBURY T/NO. K529899CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKINGOF THE COMPANY.NOTIFICATION OF ADDITIONTO OR AMENDMENT OF CHARGE.

Mortgage Type:

Date Charge Created:

17/02/14

Date Charge Registered:

21/02/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

12/08/11

Date Charge Registered:

17/08/11

Date Charge Satisfied:

07/08/14

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

ENTERPRISE HOUSE, ENTERPRISE CLOSE, ROCHESTER, T/NO: K583645 WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENTDEPOSITS, 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:

FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

07/05/10

Date Charge Registered:

11/05/10

Date Charge Satisfied:

07/08/14

Status:

SATISFIED

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD;

Amount Secured:

Details:

BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO

 

Mortgage Type:

LEGAL ASSIGNMENT

Date Charge Created:

03/12/08

Date Charge Registered:

05/12/08

Date Charge Satisfied:

07/08/14

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTS SEE IMAGE FOR FULL DETAILS

Mortgage Type:

DEBENTURE

Date Charge Created:

03/12/08

Date Charge Registered:

05/12/08

Date Charge Satisfied:

07/08/14

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

16/01/08

Date Charge Registered:

29/01/08

Date Charge Satisfied:

07/08/14

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

F/H 21 NEPTUNO PLACE MEDWAY CITY ESTATEROCHESTER KENT T/NOS K705388 K513756 K529899 05WITH 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

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

21/05/04

Date Charge Registered:

22/05/04

Date Charge Satisfied:

07/08/14

Status:

SATISFIED

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER);

Amount Secured:

Details:

BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON

 

Mortgage Type:

FIXED CHARGE

Date Charge Created:

15/09/03

Date Charge Registered:

20/12/13

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

LLOYDS UDT LIMITED;

Amount Secured:

Details:

A FIRST FIXED CHARGE OVER 1 X ROVEMA SBS 250/80 LH VERTICAL FORMFILL AND SEAL MACHINE WITH VOLUMETRIC CUP FEEDER VDX 5/311 STI SERIAL NUMBER 14547

Mortgage Type:

A FOURTH SUPPLEMENTAL DEED

Date Charge Created:

21/04/02

Date Charge Registered:

02/05/02

Date Charge Satisfied:

14/03/06

Status:

SATISFIED

Person(s) Entitled:

RIYAD BANK

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

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:

THIRD SUPPLEMENTAL DEED TO A DEBENTURE DATED 15TH SEPTEMBER 1993 AS SUPPLEMENTED BY SUPPLEMENTAL DEEDS DATED 10TH NOVEMBER 1994 AND 17 JUNE 1999

Date Charge Created:

07/12/00

Date Charge Registered:

12/12/00

Date Charge Satisfied:

14/03/06

Status:

SATISFIED

Person(s) Entitled:

RIYAD BANK

Amount Secured:

ALL LIABILITIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR IN RESPECT OF THE AGREEMENT (AS DEFINED) THE DEBENTURE, THE VEETEE RICE INC. FACILITY LETTER GUARANTEE (AS DEFINED) OR ANYOTHER SECURITY DOCUMENTS TO WHICH IT IS A PARTY

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:

SECOND SUPPLEMENTAL DEED TO A DEBENTUREDATED 15TH SEPTEMBER 1993 AS SUPPLEMENTED BY A SUPPLEMENTAL DEED DATED 10TH NOVEMBER 1994

Date Charge Created:

17/06/99

Date Charge Registered:

19/06/99

Date Charge Satisfied:

14/03/06

Status:

SATISFIED

Person(s) Entitled:

RIYAD BANK

Amount Secured:

ALL LIABILITIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR IN RESPECT OF THE AGREEMENT (AS DEFINED) THE DEBENTURE, THE VEETEE RICE INC. FACILITY LETTER GUARANTEE (AS DEFINED) OR ANYOTHER SECURITY DOCUMENTS TO WHICH IT IS A PARTY

Details:

. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

MORTGAGE

Date Charge Created:

04/03/98

Date Charge Registered:

09/03/98

Date Charge Satisfied:

14/03/06

Status:

SATISFIED

Person(s) Entitled:

RIYAD BANK

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 EAST SIDE OF NEPTUNE CLOSE MEDWAY ROCHESTER KENT T/N K705388 WITH ALL BUILDINGS FIXTURES FITTINGS FIXEDPLANT MACHINERY ASSIGNMENT THE BENEFIT OF ALL CONTRACTS AGREEMENTS RIGHTS FLOATING CHARGE ALL ITS UNDERTAKING AND PROPERTY ASSETS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

MORTGAGE

Date Charge Created:

02/03/98

Date Charge Registered:

09/03/98

Date Charge Satisfied:

14/03/06

Status:

SATISFIED

Person(s) Entitled:

RIYAD BANK

Amount Secured:

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

Details:

PROPERTY K/A 6 WINGROVE DRIVE STROOD ROCHESTER KENT T/NO K777930 TOGETHER WITH ALL BUILDINGS FIXTURES AND FITTINGS AND FIXED PLANT AND MACHINERY THEREON BY WAYOF ASSIGNMENT THE BENEFIT OF ALL CONTRACTS AGREEMENTS RIGHTS SECURITIES COVENANTS GUARANTEES BONDS AND INDEMNITIES OF ANY NATURE NOW OR AT ANY TIME INCLUDING BUT WITHOUT LIMITATION LICENCES PATENTS COPYRIGHTS AND TRADEMARKS ALL INSURANCE POLICIESN AND CONTRACTS OF INSURANCE AND ANY AGREEMENTS AND THE BENEFIT OF ALL RENTALS AND ANY OTHER DEBTS OR LIABILITIESWHATSOEVER BY WAY OF FLOATING CHARGE ALL ITS UNDERTAKING AND ALL ITS OTHER PROPERTY ASSETS AND RIGHTS WHATSOEVER SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

SUPPLEMENTAL DEED

Date Charge Created:

10/11/94

Date Charge Registered:

14/11/94

Date Charge Satisfied:

14/03/06

Status:

SATISFIED

Person(s) Entitled:

RIYAD BANK

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR IN RESPECT OF A FACILITY LETTER DATED 7TH SEPTEMBER 1993, A DEBENTURE DATED 15TH SEPTEMBER 1993, THE DEED OR ANY OTHER SECURITY DOCUMENTS

Details:

F/H-LAND K/A UNIT 1, SHERATON BUSINESS CENTRE, WANDSWORTH ROAD, PERIVALE T/N-NGL583438. F/H-LAND K/APLOT 7 MEDWAY MARITIME ESTATE FRINDSBURY ROCHESTER KENT T/N-K513756. L/H-LAND BEING LAND FORMING PART OF THE BED OF THE RIVER MEDWAY ADJOINING PLOT 7 MEDWAY MARITIME ESTATE CHATHAM REACH T/N-K560976.SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

LETTER OF HYPOTHECATION

Date Charge Created:

10/06/94

Date Charge Registered:

15/06/94

Date Charge Satisfied:

25/05/06

Status:

SATISFIED

Person(s) Entitled:

CANARA BANK

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LETTER OF HYPOTHECATION

Details:

ALL BILLS OF EXCHANGE SHIPPING DOCUMENTS DOC/WARRANTS DELIVERY ORDERS WAREHOUSERECEIPTS POLICIES OFINSURANCE AND OTHER INLAND AND FOREIGN DOCUMENTS REPRESENTING OR RELATING TO GOODS IN ENGLAND OR ABROAD IN TRANSIT OR OTHERWISE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

LETTER OF LEIN

Date Charge Created:

10/06/94

Date Charge Registered:

15/06/94

Date Charge Satisfied:

25/05/06

Status:

SATISFIED

Person(s) Entitled:

CANARA BANK

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LETTER OF LEIN

Details:

ANY MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF THE COMPANIES WITH CANARBANK OR ANY OF ITS AGENTS ON ANY ACCOUNT OR IN ANY MANNER WHATSOEVER

Mortgage Type:

DEBENTURE

Date Charge Created:

15/09/93

Date Charge Registered:

24/09/93

Date Charge Satisfied:

14/03/06

Status:

SATISFIED

Person(s) Entitled:

RIYAD BANK

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR IN RESPECT OF A FACILITY LETTER DATED 7 SEPTEMBER 1993 THE DEBENTURE OR ANY OTHER SECURITY DOCUMENTS

Details:

F/H-UNIT 1 SHERATON BUSINESS CENTRE WADWORTH ROAD PERIVALE T/N-NGL583438 (FOR FULL DETAILS SEE FORM395) FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTUREINCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

17/02/89

Date Charge Registered:

06/03/89

Date Charge Satisfied:

05/10/93

Status:

SATISFIED

Person(s) Entitled:

CANARA BANK.

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:

LEGAL CHARGE

Date Charge Created:

17/02/89

Date Charge Registered:

06/03/89

Date Charge Satisfied:

05/10/93

Status:

SATISFIED

Person(s) Entitled:

CANARE BANK

Amount Secured:

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

Details:

F/H - UNIT 1, SHERATON BUSINESS CENTRE,WADSWORTH ROAD, PERIVALE, L/BOROUGH OF EALING TITLE NO NGL 583438 FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

Mortgage Type:

REGISTERED PURSUANT TO AN ORDER OF COURT DATED 2/3/87 SINGLE DEBENTURE

Date Charge Created:

10/12/86

Date Charge Registered:

04/03/87

Date Charge Satisfied:

04/03/87

Status:

SATISFIED

Person(s) Entitled:

LLOYDS 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:

DEED OF FIXED CHARGE

Date Charge Created:

10/12/86

Date Charge Registered:

13/12/86

Date Charge Satisfied:

14/03/90

Status:

SATISFIED

Person(s) Entitled:

BUGHLER MIGO (ENGLAND) LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF AN AGREEMENT DATED 25.6.86

Details:

BY WAY OF FIRST FIXED CHARGE THE MACHINERY AND EQUIPMENT FOR BASMATE CARGO RICEMILL WHICH MACHINERYAND EQUIPMENT IS INSTALLED ON THE PREMISES KNOWN AS UNIT 1SHEMATON BUSINESS CENTRE WANDSWORTH ROAD,PERWALE MIDDLESEX

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

2

£4,361

Company Name

Amount

Statement Date

Pak Butchers (Perry Barr) Limited

£2,361

02/02/2012

Orient Food Supplies Ltd

£2,000

05/07/2012

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Dharamvir Singh Mata

3

4

Talikulam Mahommad

0

1

Michael David Morgan

1

6

Dinesh Patel

0

10

Ashish Surve

0

5

Davinder Kumar Narang

7

7

Krishan Attawar

0

9

Average Invoice Value

£2743.92

Invoices available

229

Paid

208

Outstanding

21

 

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

77

104

14

8

5

Outstanding

0

0

0

0

21

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.62

UK Pound

1

Rs.96.51

Euro

1

Rs.69.93

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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.