MIRA INFORM REPORT

 

 

Report No. :

336781

Report Date :

07.09.2015

 

IDENTIFICATION DETAILS

 

Name :

OPTIMA MANUFACTURING JEWELLERS LTD

 

 

Formerly Known As :

SOUDE JEWELLERY LIMITED

 

 

Registered Office :

96 Bristol Road Edgbaston Birmingham B5 7xj

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

17.04.1967

 

 

Com. Reg. No.:

00903768

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :
  • Manufacture of Jewellery and Related Articles
  • Manufacturing high quality jewellery products.

 

 

No. of Employee :

88

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate 

Payment Behaviour :

Slow

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 and address

 

Company Name:           OPTIMA MANUFACTURING JEWELLERS LTD

Company No:                00903768

Company Status:          Active - Accounts Filed

Registered Address:      96 BRISTOL ROAD EDGBASTON BIRMINGHAM B5 7XJ

 

 

Report Summary

 

Company Summary

Registered Address

96 BRISTOL ROAD
EDGBASTON
BIRMINGHAM
B5 7XJ

 

Trading Address

96 Bristol Road
Edgbaston
Birmingham
West Midlands
B5 7XJ

 

Website Address           http://www.optimax.co.uk

 

Telephone Number        -

 

TPS                              -

FPS                              No

Incorporation Date         17/04/1967

 

Previous Name SOUDE JEWELLERY LIMITED

Type                             Private limited with Share Capital

 

FTSE Index                   -

Date of Change             29/07/2004

Filing Date of Accounts             11/03/2015

Currency                       GBP

Share Capital                £4,313

SIC07                           32120

Charity Number             -

SIC07 Description         MANUFACTURE OF JEWELLERY AND RELATED ARTICLES

Principal Activity           Manufacturing high quality jewellery products.

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit   Shareholder     Funds Employees

31/03/2014        £12,896,209      -£478,418          -£103,305          88

31/03/2013        £15,062,791      -£602,318         £375,113           83

31/03/2012        £14,001,354      -£800,886         £977,431           58

 

 

Mortgage Summary

 

Total Mortgage              12

Outstanding                  2

Satisfied                       10

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade       1

Total Value of Documented Trade          £10,341

 

 

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 that assets are funded through debt rather than equity.

This company's return on total assets employed ratio indicates a poor or negative return on assets.

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 -

-

 

 

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

10

 

 

Current Directors

 

Name

Russell Keith Ambrose

Date of Birth

25/11/1949

Officers Title

Mr

Nationality

British

Present Appointments

27

Function

Director

Appointment Date

10/05/1999

Address

96 Bristol Road, Edgbaston, Birmingham, West Midlands, B5 7XJ

 

Name

John Harry William Rabone

Date of Birth

03/01/1951

Officers Title

Mr

Nationality

British

Present Appointments

39

Function

Director

Appointment Date

04/09/2008

Address

96 Bristol Road, Edgbaston, Birmingham, West Midlands, B5 7XJ

 

Current Company Secretary

Name

John Harry William Rabone

Date of Birth

-

Officers Title

Mr

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

31/03/2013

Address

96 Bristol Road, Edgbaston, Birmingham, West Midlands, B5 7XJ

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

RUSSELL KEITH AMBROSE

GBP

4,312

ORDINARY

1

99.98

SARAH JANE TURNBULL & RUSSELL KEITH AMBROSE

GBP

1

ORDINARY

1

0.02

 

 

Financials

 

Profit & Loss

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£12,896,209

-14.4%

£15,062,791

7.6%

£14,001,354

-20.5%

£17,608,961

-12.9%

£20,215,367

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£10,509,158

-18%

£12,811,759

4%

£12,314,283

-16.6%

£14,767,513

-10.2%

£16,439,557

Gross Profit

£2,387,051

6%

£2,251,032

33.4%

£1,687,071

-40.6%

£2,841,448

-24.7%

£3,775,810

Wages & Salaries

£1,332,936

-1%

£1,345,984

53.6%

£876,219

2.4%

£855,737

4.5%

£819,159

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-£467,152

21.1%

-£592,157

24.9%

-£788,759

-999.9%

-£18,595

-101.9%

£984,539

Depreciation

£85,855

8.6%

£79,056

-1.1%

£79,942

30.8%

£61,138

-5.2%

£64,496

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

£11,266

10.9%

£10,161

-16.2%

£12,127

-63.1%

£32,842

-48.7%

£64,007

Pre Tax Profit

-£478,418

20.6%

-£602,318

24.8%

-£800,886

-999.9%

-£51,437

-105.6%

£920,532

Taxation

-

-

-

-100%

£90,174

-

-

-

-

Profit After Tax

-£478,418

20.6%

-£602,318

15.3%

-£710,712

-999.9%

-£51,437

-105.6%

£920,532

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-£478,418

20.6%

-£602,318

15.3%

-£710,712

-999.9%

-£51,437

-105.6%

£920,532

Balance Sheet

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Tangible Assets

£611,468

14.1%

£535,799

3.9%

£515,898

55.9%

£330,849

21.6%

£272,145

Intangible Assets

£194,250

-70.6%

£660,450

-41.4%

£1,126,650

-29.3%

£1,592,850

-22.6%

£2,059,050

Total Fixed Assets

£805,718

-32.6%

£1,196,249

-27.2%

£1,642,548

-14.6%

£1,923,699

-17.5%

£2,331,195

Stock

£4,528,712

-8.3%

£4,941,091

-11.6%

£5,591,345

-7.8%

£6,062,455

8.4%

£5,595,187

Trade Debtors

£826,906

-42.2%

£1,429,814

-39%

£2,343,701

-21.8%

£2,995,853

46.4%

£2,045,782

Cash

£417,231

999.9%

£3,133

-97%

£105,970

-36.9%

£167,939

999.9%

£704

Other Debtors

£132,159

-40.2%

£221,040

26.4%

£174,878

68.7%

£103,647

-36.2%

£162,578

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£5,905,008

-10.5%

£6,595,078

-19.7%

£8,215,894

-11.9%

£9,329,894

19.5%

£7,804,251

Trade Creditors

£842,607

-23.2%

£1,097,328

24.2%

£883,441

29%

£685,003

1.2%

£676,755

Bank Loans & Overdrafts

0

-100%

£308,783

-

0

-100%

£224,876

-7.7%

£243,525

Other Short Term Finance

£982,790

45.1%

£677,528

-78.2%

£3,105,221

-13.7%

£3,598,211

47.2%

£2,444,279

Miscellaneous Current Liabilities

£326,634

-51.3%

£670,575

191.1%

£230,349

-41.7%

£395,360

7.1%

£369,307

Total Current Liabilities

£2,152,031

-21.9%

£2,754,214

-34.7%

£4,219,011

-14%

£4,903,450

31.3%

£3,733,866

Bank Loans & Overdrafts and LTL

£4,662,000

-6.2%

£4,970,783

6.6%

£4,662,000

-4.6%

£4,886,876

-0.4%

£4,905,525

Other Long Term Finance

£4,662,000

-

£4,662,000

-

£4,662,000

-

£4,662,000

-

£4,662,000

Total Long Term Liabilities

£4,662,000

-

£4,662,000

-

£4,662,000

-

£4,662,000

-

£4,662,000

.

Capital & Reserves

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Called Up Share Capital

£4,313

-

£4,313

-

£4,313

-

£4,313

-

£4,313

P & L Account Reserve

-£858,305

-125.9%

-£379,887

-270.8%

£222,431

-76.2%

£933,143

-5.2%

£984,580

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£750,687

-

£750,687

-

£750,687

-

£750,687

-

£750,687

Shareholder Funds

-£103,305

-127.5%

£375,113

-61.6%

£977,431

-42.1%

£1,688,143

-3%

£1,739,580

Other Financial Items

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Worth

-£297,555

-4.3%

-£285,337

-91.2%

-£149,219

-256.6%

£95,293

129.8%

-£319,470

Working Capital

£3,752,977

-2.3%

£3,840,864

-3.9%

£3,996,883

-9.7%

£4,426,444

8.7%

£4,070,385

Total Assets

£6,710,726

-13.9%

£7,791,327

-21%

£9,858,442

-12.4%

£11,253,593

11%

£10,135,446

Total Liabilities

£6,814,031

-8.1%

£7,416,214

-16.5%

£8,881,011

-7.2%

£9,565,450

13.9%

£8,395,866

Net Assets

-£103,305

-127.5%

£375,113

-61.6%

£977,431

-42.1%

£1,688,143

-3%

£1,739,580

Cash Flow

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Cashflow from Operations

£895,671

396.1%

-£302,502

-168.7%

£440,025

30%

£338,568

391%

-£116,327

Net Cashflow before Financing

£722,881

275.6%

-£411,620

-352.7%

£162,907

-12.4%

£185,884

155.8%

-£333,324

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

£722,881

275.6%

-£411,620

-352.7%

£162,907

-12.4%

£185,884

155.8%

-£333,324

Miscellaneous

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£4,558,695

-9.5%

£5,037,113

-10.7%

£5,639,431

-11.2%

£6,350,143

-0.8%

£6,401,580

Number of Employees

88

6%

83

43.1%

58

11.5%

52

4%

50

Accountants

Auditors

ARRAM BERLYN GARDNER LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

ALLIED IRISH BANK

Bank Branch Code

23-84-84

Ratios

Date Of Accounts

31/03/14

31/03/13

31/03/12

31/03/11

31/03/10

Pre-tax profit margin %

-3.71

-4

-5.72

-0.29

4.55

Current ratio

2.74

2.39

1.95

1.90

2.09

Sales/Net Working Capital

3.44

3.92

3.50

3.98

4.97

Gearing %

-4512.90

1325.10

477

289.50

282

Equity in %

-1.60

5.30

11.20

17.50

21.50

Creditor Days

23.78

26.51

22.96

14.15

12.18

Debtor Days

23.33

34.55

60.93

61.92

36.83

Liquidity/Acid Test

0.63

0.60

0.62

0.66

0.59

Return On Capital Employed %

-10.49

-11.95

-14.20

-0.81

14.37

Return On Total Assets Employed %

-7.12

-7.73

-8.12

-0.45

9.08

Current Debt Ratio

-20.83

7.34

4.31

2.90

2.14

Total Debt Ratio

-65.96

19.77

9.08

5.66

4.82

Stock Turnover Ratio %

35.11

32.80

39.93

34.42

27.67

Return on Net Assets Employed %

463.11

-160.56

-81.93

-3.04

52.91

 

Report Notes

 

There are no notes to display.

 

Status History

 

No Status History found

 

Event History

 

Date

Description

27/03/2015

New Accounts Filed

01/02/2015

Annual Returns

12/04/2014

New Accounts Filed

18/01/2014

Annual Returns

07/05/2013

Mr M.A. Joseph has resigned as company secretary

07/05/2013

New Company Secretary Mr J.H. Rabone appointed

18/02/2013

Annual Returns

08/01/2013

New Accounts Filed

10/02/2012

New Accounts Filed

10/02/2012

New Accounts Filed

18/01/2012

Annual Returns

11/01/2011

Annual Returns

10/01/2011

New Accounts Filed

10/01/2011

New Accounts Filed

10/02/2010

New Accounts Filed

 

Previous Company Names

 

Date

Previous Name

29/07/2004

SOUDE JEWELLERY LIMITED

 

Writ Details

 

No writs found

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

Group Structure Full

 

No Group Structure

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

14/02/11

Date Charge Registered:

18/02/11

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

Mortgage Type:

FIXED AND FLOATING CHARGE

Date Charge Created:

21/01/08

Date Charge Registered:

22/01/08

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

RBS IF LIMITED

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:

DEBENTURE

Date Charge Created:

06/09/04

Date Charge Registered:

16/09/04

Date Charge Satisfied:

01/10/10

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 CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST AND ON OTHER DEBTS AND FLOATING CHARGE ON THE REMAINDER OF THE COMPANY\S PROPERTY

Date Charge Created:

18/06/99

Date Charge Registered:

22/06/99

Date Charge Satisfied:

24/08/04

Status:

SATISFIED

Person(s) Entitled:

GRIFFIN CREDIT SERVICES LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE WHETHER ARISINGUNDER AN AGREEMENT FOR THE PURCHASE OF DEBTS OR OTHERWISE

Details:

FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO AN AGREEMENTFOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER & THE COMPANY INCLUDING THEASSOCIATED RIGHTS RELATING THERETO, WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON ALL AMOUNTS OF INDEBTEDNESS NOW OR AT ANY TIME HEREAFTER OWING OR BECOMING DUETOTHE COMPANY ON ANY ACCOUNT BY WAY OF FLOATING CHARGE SUCH MONIES AS THE COMPANY MAY RECEIVE IN RESPECT OF THE DEBTSAS SHALL FROM TIME TO TIME STAND RELEASED FROM THE FIXED CHARGE CREATED THEREON

 

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

18/06/99

Date Charge Registered:

22/06/99

Date Charge Satisfied:

24/08/04

Status:

SATISFIED

Person(s) Entitled:

GRIFFIN CREDIT SERVICES LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE WHETHER ARISINGUNDER AN AGREEMENT FOR THE PURCHASE OF DEBTS OR OTHERWISE

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 THE ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THESECURITY HOLDER FOR ANY REASON

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

04/06/99

Date Charge Registered:

08/06/99

Date Charge Satisfied:

03/11/11

Status:

SATISFIED

Person(s) Entitled:

AIB GROUP (UK) 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 MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

29/09/98

Date Charge Registered:

07/10/98

Date Charge Satisfied:

14/11/01

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

ALL THE JEWELLERY PLANT AND EQUIPMENT AS DESCRIBED IN THE SCHEDULE TO THE FORM 395 SEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

04/03/97

Date Charge Registered:

07/03/97

Date Charge Satisfied:

14/11/01

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

91 GOSWELL ROAD LONDON BOROUGH OF ISLINGTON

 

Mortgage Type:

DEBENTURE

Date Charge Created:

20/10/95

Date Charge Registered:

31/10/95

Date Charge Satisfied:

14/11/01

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS 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:

SINGLE DEBENTURE

Date Charge Created:

24/05/93

Date Charge Registered:

26/05/93

Date Charge Satisfied:

23/11/95

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:

DEBENTURE

Date Charge Created:

13/07/82

Date Charge Registered:

26/07/82

Date Charge Satisfied:

23/11/95

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 & FLOATING CHARGE UNDERTAKING ANDALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL& BOOK DEBTS UNCALLED CAPITAL TOGETHER WITH FIXED AND MOVEABLE PLANTMACHINERY FIXTURES IMPLEMENTS AND UTENSILS

Mortgage Type:

SINGLE DEBENTURE

Date Charge Created:

05/02/75

Date Charge Registered:

18/02/75

Date Charge Satisfied:

23/11/95

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 & FLOATING CHARGES UNDERTAKING AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL UNCALLED CAPITAL. TOGETHER WITH FIXED PLANT & MACHINERY TOGETHER WITH ALLFIXTURES.

 

Creditor Details

 

Total Number

Total Value

Trade Creditors

0

-

No Creditor Data

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

1

£10,341

Company Name

Amount

Statement Date

Nuttalls Of Chester Limited

£10,341

21/06/2011

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Russell Keith Ambrose

27

3

Anita Robertson

1

3

Anita Robertson

1

3

Peter Yates

1

1

Jacqueline Ann Pearce

0

1

Robert Long

0

1

Roy Richard Dennis

0

1

Michael Adrian Joseph

1

6

Trevor Charles Burr

1

1

Frank Rember

7

1

Average Invoice Value

Ł990.35

Invoices available

2

Paid

2

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

2

0

0

0

0

Outstanding

0

0

0

0

0

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.40

UK Pound

1

Rs.101.19

Euro

1

Rs.73.89

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

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.