MIRA INFORM REPORT

 

 

Report No. :

346735

Report Date :

27.10.2015

 

IDENTIFICATION DETAILS

 

Name :

THE BRITISH MILLERAIN COMPANY LIMITED

 

 

Formerly Known As :

BRITISH MILLERAIN(1922)COMPANY LIMITED(THE)

 

 

Registered Office :

Unit 1 Park Millbuckley Roadrochdaleol12 9DJ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.11.2014

 

 

Date of Incorporation :

24.11.1922

 

 

Com. Reg. No.:

00185953

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Finishing of Textiles

 

 

No. of Employees :

Not Available

 

 

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 :

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)

UK

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UK - 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 & address

 

Company Name:           THE BRITISH MILLERAIN COMPANY LIMITED

Company No:                00185953

 

Registered Address:      UNIT 1 PARK MILL

BUCKLEY ROAD

ROCHDALEOL12 9DJ

 

Company Summary

 

Registered Address

UNIT 1 PARK MILL
BUCKLEY ROAD
ROCHDALE
OL12 9DJ

Trading Address

Unit 1 Park Mill
Buckley Road
Rochdale
Lancashire OL12 9DJ
OL12 9DJ

Website Address

http://www.britishmillerain.com

 

 

Telephone Number

--

Fax Number

 

TPS

--

FPS

No

Incorporation Date

24/11/1922

 

 

Previous Name

BRITISH MILLERAIN(1922)COMPANY LIMITED(THE)

Type

Private limited with Share Capital

 

 

FTSE Index

--

Date of Change

04/10/1994

Filing Date of Accounts

26/08/2015

Currency

GBP

Share Capital

£762

SIC07

13300

Charity Number

--

SIC07 Description

FINISHING OF TEXTILES

Principal Activity

A group engaged in business as manufacturers, processors and distributors of coated and other fabrics.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

30/11/2014

£16,929,230

£218,594

£8,796,211

124

30/11/2013

£18,556,577

£183,396

£9,163,183

129

30/11/2012

£19,477,457

£485,201

£9,988,438

118

 

 

Mortgage Summary

 

Total Mortgage              8

Outstanding                  2

Satisfied                       6

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                   0

Total Value of Documented Trade                      £0

 

 

Commentary

 

This company has been treated as a Medium company in respect of the rating/limit generated.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company has only made late payments on a low percentage of invoices.

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 -

-

 

 

Trade Payment Information

 

Average Invoice Value

282.32

Invoices available

242

Paid

235

Outstanding

7

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

Current Directors

 

Name

Michael Anthony Miller

Date of Birth

09/07/1953

 

Officers Title

Mr

Nationality

British

 

Present Appointments

17

Function

Director

 

Appointment Date

14/08/1991

 

Address

Unit 1 Park Mill, Buckley Road, Rochdale, Lancashire, OL12 9DJ

 

Name

Neil Gordon Robertson

Date of Birth

28/08/1966

 

Officers Title

Mr

Nationality

British

 

Present Appointments

16

Function

Director

 

Appointment Date

01/04/2013

 

Address

Unit 1 Park Mill, Buckley Road, Rochdale, Lancashire, OL12 9DJ

 

Name

Mark Brinton Haigh

Date of Birth

01/07/1971

 

Officers Title

Mr

Nationality

British

 

Present Appointments

2

Function

Director

 

Appointment Date

15/05/2014

 

Address

Unit 1 Park Mill, Buckley Road, Rochdale, Lancashire, OL12 9DJ

 

Name

Donna Lea Miller

Date of Birth

21/09/1982

 

Officers Title

Dr

Nationality

British

 

Present Appointments

1

Function

Director

 

Appointment Date

03/01/2012

 

Address

Unit 1 Park Mill, Buckley Road, Rochdale, Lancashire, OL12 9DJ

 

Name

Marie Louise Cunningham

Date of Birth

11/07/1962

 

Officers Title

Mrs

Nationality

British

 

Present Appointments

1

Function

Director

 

Appointment Date

26/01/2012

 

Address

Unit 1 Park Mill, Buckley Road, Rochdale, Lancashire, OL12 9DJ

 

Name

James Keeble

Date of Birth

23/01/1983

 

Officers Title

Mr

Nationality

British

 

Present Appointments

1

Function

Director

 

Appointment Date

01/08/2013

 

Address

Unit 1 Park Mill, Buckley Road, Rochdale, Lancashire, OL12 9DJ

 

 

Current Company Secretary

 

Name

Marie Louise Cunningham

Date of Birth

-

 

Officers Title

Ms

Nationality

 

Present Appointments

1

Function

Company Secretary

 

Appointment Date

27/06/2011

 

Address

Unit 1 Park Mill, Buckley Road, Rochdale, Lancashire, OL12 9DJ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MICHAEL ANTHONY MILLER

GBP

762

ORDINARY

1

100

 

 

Profit & Loss

 

Date Of Accounts

30/11/14

(%)

30/11/13

(%)

30/11/12

(%)

30/11/11

(%)

30/11/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

Y

(%)

Y

(%)

Y

(%)

Y

(%)

Y

Turnover

£16,929,230

-8.8%

£18,556,577

-4.7%

£19,477,457

-13.9%

£22,622,754

23.5%

£18,311,580

Export

-

-

-

-

-

-

£15,729,278

38%

£11,394,633

Cost of Sales

£11,967,704

-7.1%

£12,884,899

-0.5%

£12,947,391

-19%

£15,982,443

28.8%

£12,412,202

Gross Profit

£4,961,526

-12.5%

£5,671,678

-13.1%

£6,530,066

-1.7%

£6,640,311

12.6%

£5,899,378

Wages & Salaries

£3,608,577

2.1%

£3,535,558

6.2%

£3,329,402

-8.9%

£3,656,037

12.7%

£3,244,712

Directors Emoluments

£278,246

95.3%

£142,493

-55.7%

£321,675

-22.9%

£417,107

9.9%

£379,553

Operating Profit

£276,653

10%

£251,543

-57.8%

£596,354

-11.2%

£671,415

-27.7%

£928,798

Depreciation

£377,885

-17.7%

£459,413

-12.6%

£525,755

-16.3%

£628,224

24%

£506,488

Audit Fees

£27,500

37.5%

£20,000

11.1%

£18,000

2.9%

£17,500

4.5%

£16,750

Interest Payments

£58,059

-15.2%

£68,430

-40%

£113,969

-14.5%

£133,355

-41.7%

£228,920

Pre Tax Profit

£218,594

19.2%

£183,396

-62.2%

£485,201

-10.4%

£541,267

-23.1%

£703,488

Taxation

£11,455

999.9%

-£1,271

97.9%

-£60,748

79.4%

-£294,255

0.1%

-£294,474

Profit After Tax

£230,049

26.3%

£182,125

-57.1%

£424,453

71.8%

£247,012

-39.6%

£409,014

Dividends Payable

£450,000

-35.7%

£700,004

500.9%

£116,500

-

-

-

-

Retained Profit

-£219,951

57.5%

-£517,879

-268.2%

£307,953

24.7%

£247,012

-39.6%

£409,014

 

 

 

Balance Sheet

 

Date Of Accounts

30/11/14

(%)

30/11/13

(%)

30/11/12

(%)

30/11/11

(%)

30/11/10

Tangible Assets

£3,726,611

-4.2%

£3,890,518

-2.6%

£3,993,442

-8%

£4,338,590

-4.7%

£4,550,654

Intangible Assets

£444

-35%

£683

-77.6%

£3,044

-10.8%

£3,414

-85.1%

£22,879

Total Fixed Assets

£3,727,055

-4.2%

£3,891,201

-2.6%

£3,996,486

-8%

£4,342,004

-5.1%

£4,573,533

Stock

£4,732,826

-10.2%

£5,271,094

-13.6%

£6,103,240

-18.6%

£7,499,137

22%

£6,144,678

Trade Debtors

£3,108,849

36.4%

£2,278,885

18%

£1,931,403

-3.1%

£1,992,868

-36.1%

£3,116,673

Cash

£1,429,888

-15.5%

£1,692,282

7.7%

£1,570,664

49.3%

£1,051,827

21.3%

£867,457

Other Debtors

£477,988

-27.6%

£660,431

-47.5%

£1,257,977

104.4%

£615,533

-9.5%

£680,301

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£9,749,551

-1.5%

£9,902,692

-8.8%

£10,863,284

-2.7%

£11,159,365

3.2%

£10,809,109

Trade Creditors

£2,545,208

5.4%

£2,415,179

52.4%

£1,584,253

-30%

£2,262,656

-4.9%

£2,378,063

Bank Loans & Overdrafts

£108,571

-2.4%

£111,296

-91%

£1,239,643

867.2%

£128,164

3.7%

£123,648

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

£1,178,429

-1.2%

£1,193,111

-39%

£1,955,820

-4.6%

£2,050,579

16.3%

£1,763,312

Total Current Liabilities

£3,832,208

3%

£3,719,586

-22.2%

£4,779,716

7.6%

£4,441,399

4.1%

£4,265,023

Bank Loans & Overdrafts and LTL

£956,758

-6.4%

£1,022,420

-23.2%

£1,331,259

-15.8%

£1,580,289

2.1%

£1,547,789

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£848,187

-6.9%

£911,124

894.5%

£91,616

-93.7%

£1,452,125

2%

£1,424,141

 

 

Capital & Reserves

 

Date Of Accounts

30/11/14

(%)

30/11/13

(%)

30/11/12

(%)

30/11/11

(%)

30/11/10

Called Up Share Capital

£762

-

£762

-

£762

-

£762

-14%

£886

P & L Account Reserve

£8,789,761

-4%

£9,156,733

-8.3%

£9,981,988

4%

£9,601,395

-0.9%

£9,687,028

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£5,688

-

£5,688

-

£5,688

-

£5,688

2.2%

£5,564

Shareholder Funds

£8,796,211

-4%

£9,163,183

-8.3%

£9,988,438

4%

£9,607,845

-0.9%

£9,693,478

 

 

Other Financial Items

 

Date Of Accounts

30/11/14

(%)

30/11/13

(%)

30/11/12

(%)

30/11/11

(%)

30/11/10

Net Worth

£8,795,767

-4%

£9,162,500

-8.2%

£9,985,394

4%

£9,604,431

-0.7%

£9,670,599

Working Capital

£5,917,343

-4.3%

£6,183,106

1.6%

£6,083,568

-9.4%

£6,717,966

2.7%

£6,544,086

Total Assets

£13,476,606

-2.3%

£13,793,893

-7.2%

£14,859,770

-4.1%

£15,501,369

0.8%

£15,382,642

Total Liabilities

£4,680,395

1.1%

£4,630,710

-4.9%

£4,871,332

-17.3%

£5,893,524

3.6%

£5,689,164

Net Assets

£8,796,211

-4%

£9,163,183

-8.3%

£9,988,438

4%

£9,607,845

-0.9%

£9,693,478

 

 

Cash Flow

 

Date Of Accounts

30/11/14

(%)

30/11/13

(%)

30/11/12

(%)

30/11/11

(%)

30/11/10

Net Cashflow from Operations

£837,872

-46.4%

£1,564,029

20.6%

£1,297,325

-11.1%

£1,458,765

28.2%

£1,137,990

Net Cashflow before Financing

-£50,202

-184.9%

-£17,620

-102.8%

£624,916

-5.3%

£659,734

505.1%

£109,021

Net Cashflow from Financing

-£212,192

-252.4%

£139,238

231.3%

-£106,079

77.7%

-£475,364

-284.5%

-£123,647

Increase in Cash

-£262,394

-315.8%

£121,618

-76.6%

£518,837

181.4%

£184,370

999.9%

-£14,626

 

 

Miscellaneous

 

Date Of Accounts

30/11/14

(%)

30/11/13

(%)

30/11/12

(%)

30/11/11

(%)

30/11/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£9,644,398

-4.3%

£10,074,307

-0.1%

£10,080,054

-8.9%

£11,059,970

-0.5%

£11,117,619

Number of Employees

124

-3.9%

129

9.3%

118

-11.3%

133

8.1%

123

Accountants

Auditors

BAKER TILLY UK AUDIT LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

HSBC BANK PLC

Bank Branch Code

40-24-44

 

Ratios

 

Date Of Accounts

30/11/14

30/11/13

30/11/12

30/11/11

30/11/10

Pre-tax profit margin %

1.29

0.99

2.49

2.39

3.84

Current ratio

2.54

2.66

2.27

2.51

2.53

Sales/Net Working Capital

2.86

3

3.20

3.37

2.80

Gearing %

10.90

11.20

13.30

16.40

16

Equity in %

65.30

66.40

67.20

62

63.10

Creditor Days

54.72

47.37

29.60

36.40

47.27

Debtor Days

66.84

44.70

36.09

32.06

61.95

Liquidity/Acid Test

1.30

1.24

0.99

0.82

1.09

Return On Capital Employed %

2.26

1.82

4.81

4.89

6.32

Return On Total Assets Employed %

1.62

1.32

3.26

3.49

4.57

Current Debt Ratio

0.43

0.40

0.47

0.46

0.43

Total Debt Ratio

0.53

0.50

0.48

0.61

0.58

Stock Turnover Ratio %

27.95

28.40

31.33

33.14

33.55

Return on Net Assets Employed %

2.48

2

4.85

5.63

7.25

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

09/09/2015

New Accounts Filed

09/09/2015

New Accounts Filed

25/08/2015

Annual Returns

10/07/2015

Change in Reg.Office

10/07/2015

Change of Company Postcode

09/09/2014

New Accounts Filed

09/09/2014

New Accounts Filed

05/09/2014

Annual Returns

08/08/2014

New Board Member Mr M.B. Haigh appointed

20/09/2013

New Board Member Mr J. Keeble appointed

16/09/2013

Annual Returns

10/09/2013

New Accounts Filed

25/04/2013

New Board Member Mr N.G. Robertson appointed

31/01/2013

Mr J.I. Campbell has left the board

26/11/2012

Mr D.J. Littler has left the board

 

 

Previous Company Names

 

Date

Previous Name

04/10/1994

BRITISH MILLERAIN(1922)COMPANY LIMITED(THE)

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

12 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

THE BRITISH MILLERAIN COMPANY LIMITED

Ownership Status

Ultimately Owned

Ultimate Holding Company

THE BRITISH MILLERAIN COMPANY LIMITED

 

 

 

Group Structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

 THE BRITISH MILLERAIN CO...

 

00185953

30.11.2014

Y

£16,929,230

 BLAKE PERFORMANCE FABR...

 

00491507

30.11.2014

N

 FRANCIS WEBSTER & SONS...

 

00684833

30.11.2014

N

 MELLOWHIDE PRODUCTS LI...

 

01533222

30.11.2014

N

 J. BLACKLEDGE & SON LI...

 

04721593

30.11.2014

N

 THE AUSTRALIAN OUTBACK...

 

05347233

30.11.2014

N

 CENTURY DYEING LIMITED

 

08445005

30.11.2014

N

£3,069,965

 CARRINGTON PERFORMANCE...

 

04018444

30.11.2014

N

 DUNDEE TEXTILES LIMITED

 

SC179598

30.11.2014

N

 J.T. INGLIS & SONS L...

 

SC315424

30.11.2014

N

 JUBILEE DYEING & FINIS...

 

03142303

30.11.2014

N

 STORMASTER FABRICS LIM...

 

02255595

30.11.2014

N

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

09/06/10

Date Charge Registered:

15/06/10

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:

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:

DEED OF CHARGE OVER CREDIT BALANCES

Date Charge Created:

20/11/07

Date Charge Registered:

06/12/07

Date Charge Satisfied:

08/12/10

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

Details:

BARCLAYS BANK PLC RE THE BRITISH MILLERAIN COMPANY LIMITED BUSINESS PREMIUM ACCOUNT ACCOUNT NUMBER 70577928THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THEFORM 395 (INCLUDING ALL ORANY PART OF THE MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTERESTFROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHARGORFOR THE PURPOSES OF AND TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THECHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

23/01/04

Date Charge Registered:

31/01/04

Date Charge Satisfied:

08/12/10

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

Details:

LAND ON THE NORTH SIDE OF GOWERS STREET, ROCHDALE, GREATER MANCHESTER, T/N GM590397

 

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

18/12/00

Date Charge Registered:

28/12/00

Date Charge Satisfied:

08/12/10

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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:

FIXED AND FLOATING CHARGE

Date Charge Created:

11/08/95

Date Charge Registered:

17/08/95

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 AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL GOODWILL BOOKDEBTS AND PATENTS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

25/11/85

Date Charge Registered:

05/12/85

Date Charge Satisfied:

08/12/10

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

Details:

MELLOWROID WORKS, (FORMERLY CLOVER MILL) HAMER ROCHDALE, GREATER MANCHES TER

 

Mortgage Type:

DEBENTURE

Date Charge Created:

25/11/85

Date Charge Registered:

05/12/85

Date Charge Satisfied:

08/12/10

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

Details:

(SEE DOC M109)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:

31/05/73

Date Charge Registered:

11/06/73

Date Charge Satisfied:

08/04/98

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONEYS ETC

Details:

ALBERT MILL, WHITWORTH LANCASHIRE

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Robert Alexander Brown Matthew

1

3

Joseph Lawrence Dutton

3

18

June Fletcher

0

1

Steven Fred Greenwood

1

2

Michael John Baron

0

4

Rachel Ann Ballantyne

0

1

Karen Sanderson

1

1

Peter Richardson

1

2

David James Littler

0

1

James Iain Cameron Campbell

2

3

Kenneth Ian Laird

3

4

 

 

Average Invoice Value

Ł282.32

Invoices available

242

Paid

235

Outstanding

7

 

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

170

61

4

0

0

Outstanding

0

1

5

0

1

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.96

UK Pound

1

Rs.99.54

Euro

1

Rs.71.64

 

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

               

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.