MIRA INFORM REPORT

Report No. :	503240
Report Date :	12.04.2018

IDENTIFICATION DETAILS

Name :	PLANT LIPIDS UK LIMITED
Registered Office :	Unit 2 Unit 2 Alpha Court Phoenix Parkway Corby NN17 5DP
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	31.10.2014
Com. Reg. No.:	09290313
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacture of other food products n.e.c.
No. of Employees :	4 (2017)

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company Name and address

PLANT LIPIDS UK LIMITED

UNIT 2 UNIT 2 ALPHA COURT PHOENIX PARKWAY CORBY NN17 5DP

Company No.

09290313

Company Status

Active - Accounts Filed

Company Summary

Registered Address UNIT 2 UNIT 2 ALPHA COURT
PHOENIX PARKWAY
CORBY
NN17 5DP

Trading Address Unit 2
2 Alpha Court
Phoenix Parkway
Corby, Northamptonshire
NN17 5DP

Website Address http://www.plantlipids.com

Telephone Number 01536401320

Fax Number

TPS No

FPS Yes

Incorporation Date 31/10/2014

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 23/06/2017

Currency GBP

Share Capital £684,900

SIC07 10890

Charity Number -

SIC07 Description MANUFACTURE OF OTHER FOOD PRODUCTS N.E.C.

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company PLANT LIPIDS LTD

Accountant -

Mortgages 0

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/03/2017 £1,006,897 -£381,805 £78,742 4

31/03/2016 £96,274 -£224,353 -£24,353 2

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

The latest Balance Sheet indicates a positive net working capital position.

The high debt/equity ratio indicates that assets are funded primarily by creditors rather than equity/reinvested profits.

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	0	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	John Nechupadom	Nationality	Indian
Date of Birth	01/1975	Present Appointments	1
Latest Address	8 Ambleside, Gamston, Nottingham	Appointment Date	31/10/2014
Post Code	NG2 6NA
Title	Mr	Function	Director
Name	Andrew Mark Wainwright	Nationality	British
Date of Birth	03/1963	Present Appointments	1
Latest Address	8 Ambleside, Gamston, Nottingham	Appointment Date	20/12/2016
Post Code	NG2 6NA

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
PLANT LIPIDS LTD	GBP	684,900	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Weeks	52	(%)	74	(%)	-	(%)	-	(%)	-
	Currency	GBP	(%)	GBP	(%)	-	(%)	-	(%)	-
	Consolidated A/cs	N	(%)	N	(%)	-	(%)	-	(%)	-
	Turnover	£1,006,897	945.9%	£96,274	-	-	-	-	-	-
	Export	£362,920	528.3%	£57,764	-	-	-	-	-	-
	Cost of Sales	£1,009,906	975.8%	£93,878	-	-	-	-	-	-
	Gross Profit	-£3,009	-225.6%	£2,396	-	-	-	-	-	-
	Wages & Salaries	£210,271	46.7%	£143,300	-	-	-	-	-	-
	Directors Emoluments	£2,026	-	-	-	-	-	-	-	-
	Operating Profit	-£309,563	-40.3%	-£220,701	-	-	-	-	-	-
	Depreciation	£7,854	20.1%	£6,542	-	-	-	-	-	-
	Audit Fees	£4,500	28.6%	£3,500	-	-	-	-	-	-
	Interest Payments	£33,232	810%	£3,652	-	-	-	-	-	-
	Pre Tax Profit	-£381,805	-70.2%	-£224,353	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-£381,805	-70.2%	-£224,353	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-£381,805	-70.2%	-£224,353	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Tangible Assets	£465,767	569.4%	£69,580	-	-	-	-	-	-
	Intangible Assets	0	-	0	-	-	-	-	-	-
	Total Fixed Assets	£465,767	569.4%	£69,580	-	-	-	-	-	-
	Stock	£569,668	140%	£237,390	-	-	-	-	-	-
	Trade Debtors	£219,996	970%	£20,560	-	-	-	-	-	-
	Cash	£87,191	249.1%	£24,976	-	-	-	-	-	-
	Other Debtors	£256,089	286.5%	£66,256	-	-	-	-	-	-
	Miscellaneous Current Assets	0	-	0	-	-	-	-	-	-
	Total Current Assets	£1,132,944	224.5%	£349,182	-	-	-	-	-	-
	Trade Creditors	£63,331	219.9%	£19,799	-	-	-	-	-	-
	Bank Loans & Overdrafts	0	-	0	-	-	-	-	-	-
	Other Short Term Finance	£668,450	227.4%	£204,142	-	-	-	-	-	-
	Miscellaneous Current Liabilities	£84,116	297.3%	£21,174	-	-	-	-	-	-
	Total Current Liabilities	£815,897	232.9%	£245,115	-	-	-	-	-	-
	Bank Loans & Overdrafts and LTL	£704,072	255.6%	£198,000	-	-	-	-	-	-
	Other Long Term Finance	£704,072	291.2%	£180,000	-	£180,000	-	-	-	-
	Total Long Term Liabilities	£704,072	255.6%	£198,000	-	-	-	-	-	-

.

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Called Up Share Capital	£684,900	242.5%	£200,000	-	-	-	-	-	-
	P & L Account Reserve	-£606,158	-170.2%	-£224,353	-	-	-	-	-	-
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£78,742	423.3%	-£24,353	-	-	-	-	-	-

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Net Worth	£78,742	423.3%	-£24,353	-	-	-	-	-	-
	Working Capital	£317,047	204.7%	£104,067	-	-	-	-	-	-
	Total Assets	£1,598,711	281.8%	£418,762	-	-	-	-	-	-
	Total Liabilities	£1,519,969	243%	£443,115	-	-	-	-	-	-
	Net Assets	£78,742	423.3%	-£24,353	-	-	-	-	-	-

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Contingent Liability	NO	-	NO	-	-	-	-	-	-
	Capital Employed	£782,814	350.8%	£173,647	-	-	-	-	-	-
	Number of Employees	4	100%	2	-	-	-	-	-	-
	Accountants
	Auditors	CFW ACCOUNTANTS LLP
	Auditor Comments	The audit report contains additional comments
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	-	-	-
	Pre-tax profit margin %	-37.92	-233.04	-	-	-
	Current ratio	1.39	1.42	-	-	-
	Sales/Net Working Capital	3.18	0.93	-	-	-
	Gearing %	894.20	-813	-	-	-
	Equity in %	4.90	-5.80	-	-	-
	Creditor Days	22.89	106.52	-	-	-
	Debtor Days	79.53	110.62	-	-	-
	Liquidity/Acid Test	0.69	0.45	-	-	-
	Return On Capital Employed %	-48.77	-129.20	-	-	-
	Return On Total Assets Employed %	-23.88	-53.57	-	-	-
	Current Debt Ratio	10.36	-10.06	-	-	-
	Total Debt Ratio	19.30	-18.19	-	-	-
	Stock Turnover Ratio %	56.57	246.57	-	-	-
	Return on Net Assets Employed %	-484.88	921.25	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
06/11/2017	Confirmation Statement
04/07/2017	Payment Data Update Received
03/07/2017	New Accounts Filed
03/07/2017	New Accounts Filed
11/04/2017	Payment Data Update Received
14/02/2017	Payment Data Update Received
24/01/2017	Payment Data Update Received
22/12/2016	New Board Member Mr A.M. Wainwright appointed
02/12/2016	Payment Data Update Received
14/11/2016	Annual Returns
21/07/2016	New Accounts Filed
04/07/2016	Change in Reg.Office
04/07/2016	Change of Company Postcode
10/11/2015	Annual Returns
03/07/2015	Mr A.M. Wainwright has left the board

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	PLANT LIPIDS LTD

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
PLANT LIPIDS LTD	N/A	-	-
PLANT LIPIDS UK LIMITED	09290313	31.03.2017	N	£1,006,897

Previous Director/Company Secretaries

No Previous Director Details
Total Persons With Significant Control	1	Total Statements	0
Active	1	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr John George Nechupadom	Kind	Individual Person With Significant Control
Address	Unit 2 Unit 2 Alpha Court, Phoenix Parkway, Corby, Northamptonshire	Country Of Residence	India
Post Code	NN17 5DP	Nationality	Indian
Date of Birth	01/1975	Notified On	31/10/2016
Nature Of Control	Ownership of shares - above 75% as a member of a firm

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.13
UK Pound	1	INR 92.51
Euro	1	INR 80.59
GBP	1	INR 92.63

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	DIV
Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.