|
Report No. : |
351342 |
|
Report Date : |
27.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GO JUTE LTD |
|
|
|
|
Registered Office : |
Unit 2 Millendreath St Ingunger Country Offices Lani Bodmin Pl30 5hs |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
14.12.2006 |
|
|
|
|
Com. Reg. No.: |
06028997 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Non-Specialised Wholesale Trade [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
No. of Employee : |
Not Available |
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 |
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 has been a net importer of energy since 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
6.0% in 2014.
In 2012, weak consumer spending and subdued business investment weighed
on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating
unexpectedly because of greater consumer spending and a recovering housing
market.
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).
|
Source
: CIA |
Company Name: GO JUTE LTD
Company No: 06028997
Company Status: Active -
Accounts Filed
Registered Address
UNIT 2 MILLENDREATH
ST INGUNGER COUNTRY OFFICES LANI
BODMIN
PL30 5HS
Trading Address
Unit 2 Millendreath
St Ingunger Country Offices Lani
Bodmin
Cornwall PL30 5HS
PL30 5HS
138 Alexandra Road St A
ustell Cornwell PL 25 4QJ Britian,
United Kingdom
Website Address http://www.gojute.co.uk
Telephone Number -
TPS -
FPS No
Incorporation Date 14/12/2006
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 27/03/2015
Currency GBP
Share Capital £5
SIC07 46900
Charity Number -
SIC07 Description NON-SPECIALISED
WHOLESALE TRADE
Year to Date Turnover Pre Tax Profit Shareholder Funds Employees
31/12/2014 - - £102,051
-
31/12/2013 - - £55,888 -
31/12/2012 - - £9,490
–
Total Mortgage 2
Outstanding 2
Satisfied 0
Total Number of Documented Trade 0
Total Value of Documented Trade £0
|
This company has been treated as a Small company in respect of the
rating/limit generated. |
|
|
This company has only made late payments on a low percentage of
invoices. |
|
|
The latest Balance Sheet indicates a positive net working capital
position. |
|
|
There has been an increase in shareholders funds compared with the
previous balance sheet. |
|
|
This company trades in an industry with a moderate level of corporate failures.
|
|
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 - |
1 |
Total Value of Satisfied CCJs - |
£295 |
|
Total Number of Writs - |
- |
|
Total Current Directors |
1 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
2 |
|
Name |
Gary Terence Warren |
Date of Birth |
19/01/1971 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
14/12/2006 |
||
|
Address |
86 Killyvarder Way, St. Austell, Cornwall, PL25 3DL |
||
|
Name |
Gary Terence Warren |
Date of Birth |
19/01/1971 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
14/12/2006 |
||
|
Address |
86 Killyvarder Way, St. Austell, Cornwall, PL25 3DL |
||
Top 20
Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
GARY WARREN |
GBP |
4 |
ORDINARY |
1 |
80 |
|
TONY WARREN |
GBP |
1 |
ORDINARY |
1 |
20 |
Profit & Loss
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£6,015 |
1.1% |
£5,950 |
23.5% |
£4,818 |
30.6% |
£3,688 |
-6% |
£3,922 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Tangible Assets |
£27,751 |
6.3% |
£26,108 |
17.5% |
£22,221 |
122.7% |
£9,976 |
2.7% |
£9,718 |
|
Intangible Assets |
£56,183 |
-11.6% |
£63,520 |
-5.6% |
£67,305 |
66.2% |
£40,500 |
-5.3% |
£42,750 |
|
Total Fixed Assets |
£83,934 |
-6.4% |
£89,628 |
0.1% |
£89,526 |
77.4% |
£50,476 |
-3.8% |
£52,468 |
|
Stock |
£76,289 |
-6.5% |
£81,571 |
8% |
£75,500 |
-6.4% |
£80,702 |
7.3% |
£75,203 |
|
Trade Debtors |
£772,481 |
325.3% |
£181,621 |
723.8% |
£22,048 |
-12.4% |
£25,157 |
-11.2% |
£28,317 |
|
Cash |
£18,946 |
186.2% |
£6,619 |
-49.9% |
£13,209 |
- |
0 |
- |
0 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£867,716 |
221.6% |
£269,811 |
143.6% |
£110,757 |
4.6% |
£105,859 |
2.3% |
£103,520 |
|
Trade Creditors |
£849,599 |
179.9% |
£303,551 |
59.1% |
£190,793 |
14.7% |
£166,316 |
2.7% |
£161,970 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£849,599 |
179.9% |
£303,551 |
59.1% |
£190,793 |
14.7% |
£166,316 |
2.7% |
£161,970 |
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£145 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£145 |
.
Capital &
Reserves
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Called Up Share Capital |
£5 |
- |
£5 |
- |
£5 |
- |
£5 |
25% |
£4 |
|
P & L Account Reserve |
£32,046 |
327% |
-£14,117 |
76.7% |
-£60,515 |
-10.1% |
-£54,986 |
-7.5% |
-£51,131 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£70,000 |
- |
£70,000 |
- |
£70,000 |
55.6% |
£45,000 |
- |
£45,000 |
|
Shareholder Funds |
£102,051 |
82.6% |
£55,888 |
488.9% |
£9,490 |
195.1% |
-£9,981 |
-62.9% |
-£6,127 |
Other Financial
Items
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Net Worth |
£45,868 |
701% |
-£7,632 |
86.8% |
-£57,815 |
-14.5% |
-£50,481 |
-3.3% |
-£48,877 |
|
Working Capital |
£18,117 |
153.7% |
-£33,740 |
57.8% |
-£80,036 |
-32.4% |
-£60,457 |
-3.4% |
-£58,450 |
|
Total Assets |
£951,650 |
164.8% |
£359,439 |
79.5% |
£200,283 |
28.1% |
£156,335 |
0.2% |
£155,988 |
|
Total Liabilities |
£849,599 |
179.9% |
£303,551 |
59.1% |
£190,793 |
14.7% |
£166,316 |
2.6% |
£162,115 |
|
Net Assets |
£102,051 |
82.6% |
£55,888 |
488.9% |
£9,490 |
195.1% |
-£9,981 |
-62.9% |
-£6,127 |
Cash Flow
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£102,051 |
82.6% |
£55,888 |
488.9% |
£9,490 |
195.1% |
-£9,981 |
-66.9% |
-£5,982 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
|||||||||
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
31/12/14 |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.02 |
0.89 |
0.58 |
0.64 |
0.64 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
-2.40 |
|
Equity in % |
11.40 |
18.90 |
7.10 |
-8.60 |
-5.40 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.93 |
0.62 |
0.18 |
0.15 |
0.17 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
8.32 |
5.43 |
20.10 |
-16.66 |
-26.43 |
|
Total Debt Ratio |
8.32 |
5.43 |
20.10 |
-16.66 |
-26.45 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
17/04/2015 |
New Accounts Filed |
|
19/12/2014 |
Annual Returns |
|
28/03/2014 |
New Accounts Filed |
|
20/12/2013 |
Annual Returns |
|
24/09/2013 |
New Accounts Filed |
|
27/03/2013 |
Change in Reg.Office |
|
27/03/2013 |
Change of Company Postcode |
|
19/12/2012 |
Annual Returns |
|
04/08/2012 |
New Accounts Filed |
|
21/12/2011 |
Annual Returns |
|
12/07/2011 |
New Accounts Filed |
|
18/12/2010 |
Annual Returns |
|
11/03/2010 |
New Accounts Filed |
|
24/12/2009 |
Annual Returns |
|
03/04/2009 |
New Accounts Filed |
|
No Previous Names found |
Writ Details
|
No writs found |
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group Structure
Full
|
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
23/12/2010 |
MANCHESTER |
£295 |
Satisfied |
0IQ00574 |
20/05/2011 |
Possible CCJ matches show CCJs that may be matched to a company based on
various criteria such as similar trading names or addresses. This data is
provided for your information only as an aid to decision-making and does not
affect a company’s rating.
|
There are no possible CCJ details |
|
Mortgage Type: |
|||
|
Date Charge Created: |
28/11/14 |
||
|
Date Charge Registered: |
09/12/14 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK COMMERCIAL FINANCE LTD; |
||
|
Amount Secured: |
|||
|
Details: |
CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS
ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
21/05/09 |
||
|
Date Charge Registered: |
22/05/09 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS TSB 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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Name |
Current Directorships |
Previous Directorships |
|
|
Matthew David Hocking |
1 |
1 |
|
|
Glenn Paul Southwell |
1 |
1 |
|
|
Average Invoice Value |
Ł158.92 |
||
|
Invoices available |
30 |
||
|
Paid |
30 |
||
|
Outstanding |
0 |
||
|
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 |
19 |
10 |
1 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.55 |
|
|
1 |
Rs.100.64 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SDA |
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.