|
Report No. : |
345978 |
|
Report Date : |
20.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEWBERRY INTERNATIONAL PRODUCE LTD |
|
|
|
|
Registered Office : |
Unit 6 & 7 Newent Business Park Newent
Gloucestershire Gl18 1DZ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
28.02.2015 |
|
|
|
|
Date of Incorporation : |
11.10.1996 |
|
|
|
|
Com. Reg. No.: |
03262617 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
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 |
NEWBERRY INTERNATIONAL PRODUCE LTD
Company No:
03262617
Registered Address:
UNIT 6 & 7 NEWENT BUSINESS PARK NEWENT
GLOUCESTERSHIRE GL18 1DZ
|
Registered
Address |
UNIT 6
& 7 NEWENT BUSINESS PARK NEWENT GLOUCESTERSHIRE GL18 1DZ |
Trading
Address |
Unit
6-7 Newent Business Park Newent Gloucestershire GL18 1DZ |
|
Website
Address |
|
|
|
|
Telephone
Number |
-- |
Fax Number |
|
|
TPS |
-- |
FPS |
No |
|
Incorporation
Date |
11/10/1996 |
|
|
|
Previous
Name |
-- |
Type |
Private
limited with Share Capital |
|
FTSE Index |
|
Date of
Change |
-- |
|
Filing Date
of Accounts |
20/04/2015 |
Currency |
GBP |
|
Share
Capital |
£267 |
SIC07 |
|
|
Charity
Number |
-- |
|
|
|
SIC07
Description |
WHOLESALE
OF FRUIT AND VEGETABLES |
||
|
Principal
Activity |
Trading
in fruit and vegetables. |
||
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
28/02/2015 |
-- |
-- |
£731,044 |
-- |
|
28/02/2014 |
-- |
-- |
£590,100 |
-- |
|
28/02/2013 |
-- |
-- |
£671,478 |
-- |
Total Mortgage 2
Outstanding 2
Satisfied 0
Total Number of Documented Trade 2
Total Value of Documented Trade £682
|
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 - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company
Secretaries |
8 |
|
Name |
Gillian Louisa Pearson |
Date of Birth |
19/03/1983 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
01/07/2009 |
||
|
Address |
Unit 6 & 7 Newent Business Park,
Newent, Gloucestershire, GL18 1DZ |
||
|
Name |
Stuart Taylor |
Date of Birth |
03/06/1984 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
26/06/2015 |
||
|
Address |
Unit 6 & 7 Newent Business Park,
Newent, Gloucestershire, GL18 1DZ |
||
----
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
GILLIAN PEARSON |
GBP |
136 |
ORDINARY |
1 |
50.94 |
|
STUART TAYLOR |
GBP |
131 |
ORDINARY |
1 |
49.06 |
|
Date Of Accounts |
28/02/15 |
(%) |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
|
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 |
£5,895 |
-73% |
£21,837 |
26.1% |
£17,313 |
102.4% |
£8,555 |
6.5% |
£8,034 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
28/02/15 |
(%) |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
|
Tangible Assets |
£171,251 |
356.2% |
£37,539 |
-26.8% |
£51,266 |
99.8% |
£25,661 |
6.5% |
£24,104 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£171,251 |
356.2% |
£37,539 |
-26.8% |
£51,266 |
99.8% |
£25,661 |
6.5% |
£24,104 |
|
Stock |
£1,352,816 |
58.5% |
£853,393 |
1.1% |
£844,135 |
3.7% |
£814,237 |
31.8% |
£617,727 |
|
Trade Debtors |
£1,090,495 |
20.8% |
£903,038 |
-9.4% |
£997,041 |
9% |
£915,028 |
-11.4% |
£1,032,945 |
|
Cash |
£134,877 |
126.5% |
£59,543 |
210.7% |
£19,167 |
-74.8% |
£75,990 |
-21.4% |
£96,729 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£2,578,188 |
42% |
£1,815,974 |
-2.4% |
£1,860,343 |
3.1% |
£1,805,255 |
3.3% |
£1,747,401 |
|
Trade Creditors |
£1,949,970 |
54.9% |
£1,258,695 |
2.1% |
£1,233,146 |
-2.4% |
£1,263,302 |
-5.7% |
£1,339,382 |
|
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 |
£1,949,970 |
54.9% |
£1,258,695 |
2.1% |
£1,233,146 |
-2.4% |
£1,263,302 |
-5.7% |
£1,339,382 |
|
Bank Loans & Overdrafts and LTL |
£68,425 |
999.9% |
£4,718 |
-32.5% |
£6,985 |
83.9% |
£3,798 |
20.4% |
£3,154 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£68,425 |
999.9% |
£4,718 |
-32.5% |
£6,985 |
83.9% |
£3,798 |
20.4% |
£3,154 |
|
Date Of Accounts |
28/02/15 |
(%) |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
|
Called Up Share Capital |
£267 |
- |
£267 |
-80.2% |
£1,351 |
- |
£1,351 |
- |
£1,351 |
|
P & L Account Reserve |
£439,928 |
47.1% |
£298,984 |
-21.4% |
£380,362 |
39.5% |
£272,700 |
97.8% |
£137,853 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£290,849 |
- |
£290,849 |
0.4% |
£289,765 |
- |
£289,765 |
- |
£289,765 |
|
Shareholder Funds |
£731,044 |
23.9% |
£590,100 |
-12.1% |
£671,478 |
19.1% |
£563,816 |
31.4% |
£428,969 |
Other Financial Items
|
Date Of Accounts |
28/02/15 |
(%) |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
|
Net Worth |
£731,044 |
23.9% |
£590,100 |
-12.1% |
£671,478 |
19.1% |
£563,816 |
31.4% |
£428,969 |
|
Working Capital |
£628,218 |
12.7% |
£557,279 |
-11.1% |
£627,197 |
15.7% |
£541,953 |
32.8% |
£408,019 |
|
Total Assets |
£2,749,439 |
48.3% |
£1,853,513 |
-3% |
£1,911,609 |
4.4% |
£1,830,916 |
3.4% |
£1,771,505 |
|
Total Liabilities |
£2,018,395 |
59.8% |
£1,263,413 |
1.9% |
£1,240,131 |
-2.1% |
£1,267,100 |
-5.6% |
£1,342,536 |
|
Net Assets |
£731,044 |
23.9% |
£590,100 |
-12.1% |
£671,478 |
19.1% |
£563,816 |
31.4% |
£428,969 |
|
Date Of Accounts |
28/02/15 |
(%) |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
28/02/15 |
(%) |
28/02/14 |
(%) |
28/02/13 |
(%) |
29/02/12 |
(%) |
28/02/11 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£799,469 |
34.4% |
£594,818 |
-12.3% |
£678,463 |
19.5% |
£567,614 |
31.4% |
£432,123 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
ACRE ACCOUNTANCY LIMITED |
||||||||
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
NATIONAL WESTMINSTER BANK PLC |
||||||||
|
Bank Branch Code |
|||||||||
|
Date Of Accounts |
28/02/15 |
28/02/14 |
28/02/13 |
29/02/12 |
28/02/11 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.32 |
1.44 |
1.51 |
1.43 |
1.30 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
9.40 |
0.80 |
1 |
0.70 |
0.70 |
|
Equity in % |
26.60 |
31.80 |
35.10 |
30.80 |
24.20 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.62 |
0.76 |
0.82 |
0.78 |
0.84 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
2.66 |
2.13 |
1.83 |
2.24 |
3.12 |
|
Total Debt Ratio |
2.76 |
2.14 |
1.84 |
2.24 |
3.12 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
|
There are no notes to display. |
|
No Status History found |
|
Date |
Description |
|
30/06/2015 |
New Board Member Mr S. Taylor appointed |
|
13/05/2015 |
Change in Reg.Office |
|
13/05/2015 |
Change of Company Postcode |
|
22/04/2015 |
New Accounts Filed |
|
26/03/2015 |
Creditsafe Limit Refinement |
|
26/03/2015 |
Creditsafe Rating Refinement |
|
26/03/2015 |
Creditsafe Limit Refinement |
|
26/03/2015 |
Creditsafe Rating Refinement |
|
22/11/2014 |
New Accounts Filed |
|
17/11/2014 |
Annual Returns |
|
18/10/2013 |
Annual Returns |
|
12/08/2013 |
New Accounts Filed |
|
11/06/2013 |
Mrs K.J. Cooke has resigned as company
secretary |
|
11/06/2013 |
Mr A.E. Cooke has left the board |
|
18/02/2013 |
Change in Reg.Office |
|
No Previous Names found |
|
No writs found |
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
|
|
Mortgage Type: |
FIXED AND FLOATING CHARGE |
||
|
Date Charge Created: |
20/04/04 |
||
|
Date Charge Registered: |
01/05/04 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
THE ROYAL BANK OF SCOTLAND COMMERCIAL
SERVICES LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT
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 SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge Created: |
09/02/98 |
||
|
Date Charge Registered: |
20/02/98 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
NATIONAL WESTMINSTER 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
FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND
FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
||
|
Total Number |
Total Value |
|
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
||
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
|
Trade Debtors |
2 |
£682 |
|
Company Name |
Amount |
Statement Date |
|
Viva Coffee And Juice Ltd |
£536 |
14/02/2013 |
|
Blend Bars Ltd |
£146 |
18/12/2014 |
|
Name |
Current Directorships |
Previous Directorships |
|
|
Kim Julie Cooke |
0 |
1 |
|
|
Anthony Edward Cooke |
0 |
3 |
|
|
Ian Cameron Brough |
6 |
5 |
|
|
Ian Cameron Brough |
6 |
5 |
|
|
David Paul Thulborn |
2 |
2 |
|
|
Kim Julie Cooke |
0 |
1 |
|
|
COMPANY DIRECTORS LIMITED |
9351 |
196299 |
|
|
TEMPLE SECRETARIES LIMITED |
11620 |
198021 |
|
|
Average Invoice Value |
Ł361.54 |
||
|
Invoices available |
18 |
||
|
Paid |
18 |
||
|
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 |
8 |
8 |
2 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.82 |
|
|
1 |
Rs.100.12 |
|
Euro |
1 |
Rs.73.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
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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 |
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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.