MIRA INFORM REPORT
|
Report No. : |
339468 |
|
Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PLANET DRYERS LIMITED |
|
|
|
|
Registered Office : |
Planet House Minerva Business Park
Peterborough PE2 6FT |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.07.2014 |
|
|
|
|
Date of Incorporation : |
16.07.2007 |
|
|
|
|
Com. Reg. No.: |
06313951 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of Machinery for Food, Beverage and Tobacco Processing |
|
|
|
|
No. of Employee : |
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) |
|
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: PLANET
DRYERS LIMITED
Company No: 06313951
Company Status: Active -
Accounts Filed
Registered Address: PLANET HOUSE MINERVA BUSINESS PARK PETERBOROUGH PE2 6FT
Company
Summary
Registered
Address
PLANET HOUSE
MINERVA BUSINESS PARK
PETERBOROUGH
PE2 6FT
Trading
Address
Planet House
Minerva Business Park
Lynch Wood
Peterborough, Cambridgeshire
PE2 6FT
Website Address http://www.planetdryers.co.uk
Telephone Number 01733232232
TPS No
FPS No
Incorporation Date 16/07/2007
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 17/04/2015
Currency GBP
Share Capital £500
SIC07 28930
Charity Number -
SIC07 Description MANUFACTURE OF MACHINERY FOR FOOD,
BEVERAGE AND TOBACCO PROCESSING
Key
Financials
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
31/07/2014 - - £795,434 -
31/07/2013 - - £601,398
-
31/07/2012 - - £325,284
-
Mortgage
Summary
Total Mortgage 1
Outstanding 1
Satisfied 0
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 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 very positive net working capital
position. |
|
|
The latest cash balances represent a positive level in terms of the
overall outstanding creditor obligations. |
|
|
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. |
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 |
0 |
|
Total Previous Directors / Company Secretaries |
5 |
Current
Directors
|
Name |
Ian Carter |
Date of Birth |
29/10/1959 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
16/07/2007 |
||
|
Address |
Planet House Minerva Business Park, Lynch Wood, Peterborough, PE2 6FT |
||
|
Name |
Debbie Jayne Carter |
Date of Birth |
11/09/1960 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
29/07/2013 |
||
|
Address |
Planet House Minerva Business Park, Lynch Wood, Peterborough, PE2 6FT |
||
Current Company Secretary
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
PLANET GROUP (PETERBOROUGH) LIMITED |
GBP |
500 |
ORDINARY A |
1 |
100 |
financials
Profit & Loss
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
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 |
£8,774 |
126.5% |
£3,873 |
25.3% |
£3,091 |
22.2% |
£2,530 |
61.8% |
£1,564 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
Tangible Assets |
£351,806 |
999.9% |
£24,465 |
262% |
£6,758 |
-21.2% |
£8,578 |
71.7% |
£4,996 |
|
Intangible Assets |
£116,200 |
-29% |
£163,600 |
-22.5% |
£211,000 |
-3.4% |
£218,400 |
-3.3% |
£225,800 |
|
Total Fixed Assets |
£468,006 |
148.9% |
£188,065 |
-13.6% |
£217,758 |
-4.1% |
£226,978 |
-1.7% |
£230,796 |
|
Stock |
£208,404 |
77.9% |
£117,169 |
283.6% |
£30,545 |
-69.6% |
£100,498 |
136% |
£42,580 |
|
Trade Debtors |
£421,865 |
316.3% |
£101,329 |
-79.1% |
£484,979 |
-27% |
£664,282 |
429.1% |
£125,551 |
|
Cash |
£592,242 |
22.1% |
£484,927 |
84% |
£263,574 |
61.6% |
£163,137 |
-34.3% |
£248,454 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£1,222,511 |
73.8% |
£703,425 |
-9.7% |
£779,098 |
-16% |
£927,917 |
122.7% |
£416,585 |
|
Trade Creditors |
£688,579 |
142% |
£284,591 |
-56.5% |
£653,687 |
-29.5% |
£927,321 |
127.3% |
£408,038 |
|
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 |
£688,579 |
142% |
£284,591 |
-56.5% |
£653,687 |
-29.5% |
£927,321 |
127.3% |
£408,038 |
|
Bank Loans & Overdrafts and LTL |
£206,504 |
999.9% |
£5,501 |
-69.2% |
£17,885 |
-53.2% |
£38,216 |
-33.5% |
£57,498 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£206,504 |
999.9% |
£5,501 |
-69.2% |
£17,885 |
-53.2% |
£38,216 |
-33.5% |
£57,498 |
.
Capital &
Reserves
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
Called Up Share Capital |
£500 |
- |
£500 |
-50% |
£1,000 |
- |
£1,000 |
- |
£1,000 |
|
P & L Account Reserve |
£794,434 |
32.3% |
£600,398 |
85.1% |
£324,284 |
72.2% |
£188,358 |
4.2% |
£180,845 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£500 |
- |
£500 |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£795,434 |
32.3% |
£601,398 |
84.9% |
£325,284 |
71.8% |
£189,358 |
4.1% |
£181,845 |
Other Financial
Items
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
Net Worth |
£679,234 |
55.1% |
£437,798 |
283.1% |
£114,284 |
493.5% |
-£29,042 |
33.9% |
-£43,955 |
|
Working Capital |
£533,932 |
27.5% |
£418,834 |
234% |
£125,411 |
999.9% |
£596 |
-93% |
£8,547 |
|
Total Assets |
£1,690,517 |
89.6% |
£891,490 |
-10.6% |
£996,856 |
-13.7% |
£1,154,895 |
78.4% |
£647,381 |
|
Total Liabilities |
£895,083 |
208.6% |
£290,092 |
-56.8% |
£671,572 |
-30.4% |
£965,537 |
107.4% |
£465,536 |
|
Net Assets |
£795,434 |
32.3% |
£601,398 |
84.9% |
£325,284 |
71.8% |
£189,358 |
4.1% |
£181,845 |
Cash Flow
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/07/14 |
(%) |
31/07/13 |
(%) |
31/07/12 |
(%) |
31/07/11 |
(%) |
31/07/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£1,001,938 |
65.1% |
£606,899 |
76.9% |
£343,169 |
50.8% |
£227,574 |
-4.9% |
£239,343 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
|||||||||
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
31/07/14 |
31/07/13 |
31/07/12 |
31/07/11 |
31/07/10 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.78 |
2.47 |
1.19 |
1 |
1.02 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
26 |
0.90 |
5.50 |
20.20 |
31.60 |
|
Equity in % |
50.50 |
82.60 |
41.40 |
20.20 |
43.10 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
1.47 |
2.05 |
1.14 |
0.89 |
0.91 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
0.86 |
0.47 |
2 |
4.89 |
2.24 |
|
Total Debt Ratio |
1.12 |
0.48 |
2.06 |
5.09 |
2.56 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
14/08/2015 |
Annual Returns |
|
30/04/2015 |
New Accounts Filed |
|
23/07/2014 |
Annual Returns |
|
24/04/2014 |
Change in Reg.Office |
|
24/04/2014 |
Change of Company Postcode |
|
21/03/2014 |
New Accounts Filed |
|
26/08/2013 |
New Board Member Mrs D.J. Carter appointed |
|
09/08/2013 |
Annual Returns |
|
20/02/2013 |
Change in Reg.Office |
|
20/02/2013 |
Change of Company Postcode |
|
19/02/2013 |
Mr A.F. Skerritt has left the board |
|
19/02/2013 |
Mr A.F. Skerritt has resigned as company secretary |
|
19/02/2013 |
Mr T.F. Skerritt has left the board |
|
12/01/2013 |
New Accounts Filed |
|
10/08/2012 |
Annual Returns |
Previous Company
Names
No Previous Names found
|
No writs found |
Statistics
|
Group |
2 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
PLANET GROUP (PETERBOROUGH) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
PLANET GROUP (PETERBOROUGH) LIMITED |
Group
Structure Full
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
|
08179449 |
31.07.2014 |
N |
|
|
|
|
06313951 |
31.07.2014 |
N |
Mortgage
Details
|
Mortgage Type: |
|||
|
Date Charge Created: |
11/04/14 |
||
|
Date Charge Registered: |
15/04/14 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
FREEHOLD PROPERTY KNOWN AS UNIT A2 MINERVA BUSINESS PARK LYNCHWOOD PETERBOROUGHTITLE
NUMBER CB244351CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.CONTAINS
NEGATIVE PLEDGE. |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
|
Timothy Frank Skerritt |
2 |
1 |
|
|
Anthony Frank Skerritt |
3 |
2 |
|
|
Anthony Frank Skerritt |
3 |
2 |
|
|
INSTANT COMPANIES LIMITED |
2431 |
120340 |
|
|
SWIFT INCORPORATIONS LIMITED |
2579 |
263489 |
|
|
Average Invoice Value |
Ł141.65 |
||
|
Invoices available |
22 |
||
|
Paid |
20 |
||
|
Outstanding |
2 |
||
|
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 |
11 |
7 |
1 |
0 |
1 |
|
Outstanding |
0 |
2 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.40 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.