|
Report No. : |
351727 |
|
Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
THE VACUUM POUCH COMPANY LIMITED |
|
|
|
|
Registered Office : |
Unit 3 Abel House Complex Leigh Street Bury
Bl8 3 Al |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
14.07.1998 |
|
|
|
|
Com. Reg. No.: |
03597990 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Packaging activities. |
|
|
|
|
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 |
A2 |
A2 |
|
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 |
THE VACUUM POUCH COMPANY LIMITED
Company No:
03597990
Registered Address:
UNIT 3 ABEL HOUSE COMPLEX LEIGH STREET BURY
BL8 3AL
|
Registered
Address |
UNIT 3
ABEL HOUSE COMPLEX LEIGH STREET BURY BL8 3AL |
Trading
Address |
Unit
1-2, Abel House Complex Leigh Street
Walshaw Bury, Lancashire BL8 3AL |
|
Website
Address |
|
|
|
|
Telephone
Number |
01617972222 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
14/07/1998 |
|
|
|
Previous
Name |
|
Type |
Private
limited with Share Capital |
|
FTSE Index |
-- |
Date of
Change |
-- |
|
Filing Date
of Accounts |
26/06/2015 |
Currency |
GBP |
|
Share
Capital |
£10,000 |
SIC07 |
82920 |
|
Charity
Number |
-- |
|
|
|
SIC07
Description |
PACKAGING
ACTIVITIES |
||
|
Principal
Activity |
Packaging
activities. |
||
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
30/09/2014 |
-- |
-- |
£208,601 |
-- |
|
30/09/2013 |
-- |
-- |
£290,070 |
-- |
|
30/09/2012 |
-- |
-- |
£185,904 |
-- |
Total Mortgage 1
Outstanding 1
Satisfied 0
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 2
Total Value of Documented Trade £321
|
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 a reduction 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 - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
2 |
|
Name |
Margaret McCormack |
Date of Birth |
22/01/1952 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
9 |
Function |
Director |
|
Appointment Date |
14/07/1998 |
||
|
Address |
Unit 3 Abel House Complex Leigh Street,
Walshaw, Bury, Lancashire, BL8 3AL |
||
|
Name |
Chris McCormack |
Date of Birth |
24/11/1953 |
|
Officers Title |
Nationality |
British |
|
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
14/07/1998 |
||
|
Address |
Unit 3 Abel House Complex Leigh Street, Walshaw,
Bury, Lancashire, BL8 3AL |
||
|
Name |
Adam McCormack |
Date of Birth |
05/08/1983 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/06/2009 |
||
|
Address |
Unit 3 Abel House Complex Leigh Street,
Walshaw, Bury, Lancashire, BL8 3AL |
||
|
Name |
Margaret McCormack |
Date of Birth |
22/01/1952 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
9 |
Function |
Company Secretary |
|
Appointment Date |
14/07/1998 |
||
|
Address |
Unit 3 Abel House Complex Leigh Street,
Walshaw, Bury, Lancashire, BL8 3AL |
||
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MR CHRIS MCCORMACK |
GBP |
3,334 |
ORDINARY |
1 |
33.34 |
|
MRS MARGARET MCCORMACK |
GBP |
3,333 |
ORDINARY |
1 |
33.33 |
|
MR ADAM MCCORMACK |
GBP |
1,667 |
ORDINARY |
1 |
16.67 |
|
KATIE MCCORMACK |
GBP |
1,666 |
ORDINARY |
1 |
16.66 |
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
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 |
£16,129 |
1.3% |
£15,917 |
-1% |
£16,070 |
44.3% |
£11,138 |
-5% |
£11,728 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Tangible Assets |
£72,835 |
11.7% |
£65,211 |
-16.8% |
£78,390 |
33.9% |
£58,558 |
30.3% |
£44,933 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£72,835 |
11.7% |
£65,211 |
-16.8% |
£78,390 |
33.9% |
£58,558 |
30.3% |
£44,933 |
|
Stock |
£430,250 |
4.7% |
£411,095 |
21.4% |
£338,719 |
-21.3% |
£430,612 |
21% |
£355,830 |
|
Trade Debtors |
£673,076 |
6.1% |
£634,332 |
5.7% |
£599,943 |
-10.4% |
£669,843 |
29.3% |
£518,138 |
|
Cash |
£10,987 |
126.1% |
£4,860 |
-53.5% |
£10,450 |
999.9% |
£382 |
-88.9% |
£3,456 |
|
Other Debtors |
0 |
-100% |
£143,328 |
163% |
£54,503 |
- |
0 |
-100% |
£48,864 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£1,114,313 |
-6.6% |
£1,193,615 |
18.9% |
£1,003,615 |
-8.8% |
£1,100,837 |
18.8% |
£926,288 |
|
Trade Creditors |
£978,547 |
1% |
£968,756 |
8.1% |
£896,101 |
6.8% |
£839,423 |
6.1% |
£791,050 |
|
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 |
£978,547 |
1% |
£968,756 |
8.1% |
£896,101 |
6.8% |
£839,423 |
6.1% |
£791,050 |
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Called Up Share Capital |
£10,000 |
- |
£10,000 |
- |
£10,000 |
- |
£10,000 |
- |
£10,000 |
|
P & L Account Reserve |
£198,601 |
-29.1% |
£280,070 |
59.2% |
£175,904 |
-43.3% |
£309,972 |
82.2% |
£170,171 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£208,601 |
-28.1% |
£290,070 |
56% |
£185,904 |
-41.9% |
£319,972 |
77.6% |
£180,171 |
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Net Worth |
£208,601 |
-28.1% |
£290,070 |
56% |
£185,904 |
-41.9% |
£319,972 |
77.6% |
£180,171 |
|
Working Capital |
£135,766 |
-39.6% |
£224,859 |
109.1% |
£107,514 |
-58.9% |
£261,414 |
93.3% |
£135,238 |
|
Total Assets |
£1,187,148 |
-5.7% |
£1,258,826 |
16.3% |
£1,082,005 |
-6.7% |
£1,159,395 |
19.4% |
£971,221 |
|
Total Liabilities |
£978,547 |
1% |
£968,756 |
8.1% |
£896,101 |
6.8% |
£839,423 |
6.1% |
£791,050 |
|
Net Assets |
£208,601 |
-28.1% |
£290,070 |
56% |
£185,904 |
-41.9% |
£319,972 |
77.6% |
£180,171 |
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£208,601 |
-28.1% |
£290,070 |
56% |
£185,904 |
-41.9% |
£319,972 |
77.6% |
£180,171 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
|||||||||
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
|
Date Of Accounts |
30/09/14 |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.14 |
1.23 |
1.12 |
1.31 |
1.17 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
17.60 |
23 |
17.20 |
27.60 |
18.60 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.69 |
0.80 |
0.74 |
0.79 |
0.72 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
4.69 |
3.33 |
4.82 |
2.62 |
4.39 |
|
Total Debt Ratio |
4.69 |
3.33 |
4.82 |
2.62 |
4.39 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
|
There are no notes to display. |
|
No Status History found |
|
Date |
Description |
|
04/08/2015 |
Annual Returns |
|
30/06/2015 |
New Accounts Filed |
|
17/12/2014 |
Change in Reg.Office |
|
17/12/2014 |
Change of Company Postcode |
|
13/08/2014 |
Annual Returns |
|
26/05/2014 |
New Accounts Filed |
|
26/05/2014 |
New Accounts Filed |
|
04/09/2013 |
Annual Returns |
|
03/07/2013 |
New Accounts Filed |
|
18/08/2012 |
Annual Returns |
|
30/06/2012 |
New Accounts Filed |
|
15/08/2011 |
Annual Returns |
|
18/04/2011 |
New Accounts Filed |
|
18/04/2011 |
New Accounts Filed |
|
27/07/2010 |
Annual Returns |
|
No Previous Names found |
|
No writs found |
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
|
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
09/01/01 |
||
|
Date Charge Registered: |
16/01/01 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
THE ROYAL BANK OF SCOTLAND 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 SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Total Number |
Total Value |
|
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
||
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
|
|
Trade Debtors |
2 |
£321 |
|
|
Company Name |
Amount |
Statement Date |
|
|
The Welsh Soup Company Ltd |
£214 |
26/06/2014 |
|
|
Gorno's Speciality Foods Limited |
£107 |
24/03/2014 |
|
|
Name |
Current Directorships |
Previous Directorships |
|
|
LONDON LAW SERVICES LIMITED |
1697 |
53451 |
|
|
LONDON LAW SECRETARIAL LIMITED |
1799 |
53393 |
|
|
Average Invoice Value |
Ł105.40 |
||
|
Invoices available |
1157 |
||
|
Paid |
1156 |
||
|
Outstanding |
1 |
||
|
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 |
36 |
1100 |
3 |
1 |
16 |
|
Outstanding |
1 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
|
GBP |
1 |
Rs.100.43 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
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.