European Comprehensive Report: D & B Sample
Co Ltd
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COPYRIGHT 1999 DUN & BRADSTREET INC. - PROVIDED UNDER CONTRACT
FOR THE EXCLUSIVE USE OF SUBSCRIBER 034-004303L.
ATTN: vm
IN DATE
D&B EUROPEAN COMPREHENSIVE
DATE PRINTED 18 AUG 1999
IDENTIFICATION
D & B SAMPLE CO LTD
ADDRESS: 11TH FLOOR, CENTRE CITY TOWER
7 HILL ST
BIRMINGHAM
WEST MIDLANDS
B5 4UN
UK
TEL: 0121-631-2323
FAX: 0121-631-3268
REGISTERED OFFICE: 11th Floor, Centre City Tower, 7 Hill St,
Birmingham B5 4UN
DUNS: 21-456-7885
CURRENCY: Shown in Pounds Sterling, unless otherwise stated.
LANGUAGE: In certain circumstances information in this report may be quoted
in the local language. In case of difficulty, please contact your D&B
local Customer Service Department.
EVALUATION
D&B RATING: 2A3
FORMER RATING: O4
CONDITION: FAIR
MAXIMUM CREDIT: 120,000
TREND: UP
ACCOUNTS INCORPORATED IN REPORT: 31-03-1998
LATEST ACCOUNTS PUBLICLY FILED: 31-03-1998
The D&B Rating of 2A3 indicates:
A Financial Strength of 1.5 - 7 million (based on tangible Net Worth)
and an overall condition which is Fair (slightly greater than average
risk).
The D&B 'maximum credit recommendation' for this business is 120,000.
D&B RATING COMPARISON
Financial Strength Indicator Comparison:
This business has a Financial Strength Indicator of 2A (based on tangible
Net Worth)
Comparing this company against 4,163 other businesses, within its industry
sector (SIC Code 5081), reveals the following:
NUMBER OF FINANCIAL STRENGTH
BUSINESSES INDICATOR COMPARISON
77 (1.9%) Higher
176 (4.2%) Same
3,910 (93.9%) Lower
Risk Indicator Comparison:
This business has a Risk Indicator of 3 (greater than average risk).
Comparing this business against the 176 businesses within the same
Financial Strength category, reveals that:
NUMBER OF RISK
BUSINESSES COMPARISON
7 (4.0%) Higher risk
42 (23.9%) Same
127 (72.2%) Lower risk
Conclusion:
This business therefore has a HIGHER than average Financial Strength,
compared to its Industry Sector, and a HIGHER than average Risk Indicator,
when comparing businesses of the same Financial Strength category.
SUMMARY
STARTED: 1984 SALES: 13.545.000
DATE INC: 1984 As at 31-03-1998
LEGAL FORM: PRIV LTD CO PROFIT/(LOSS): 114.120
REG NO: 434567 NET WORTH: 2.978.191
EMPLOYS: 203 As at 31-03-1998
ISSUED CAPITAL: 432.000
LINE OF BUSINESS: COMMERCIAL MACHINERY WHOLESALERS
COMPUTER PROGRAMMING & SOFTWARE SERVICES
SIC CODE(S): 5081 7372
PUBLIC NOTICE INFORMATION
Public Notice information is added to the D&B Database and, if present,
will appear in this section. This section was last updated from public
sources on 18 AUGUST 1999.
COUNTY COURT JUDGMENTS
Judgments Registered During The Last 12 Months: 0
DETAILS OF JUDGMENT(S) REGISTERED (LAST 5 YEARS)
Date: Name Quoted: Amount: Court: Plaint. No:
11-1996 D & B SAMPLE CO LTD 6.764 DARLINGTON DL555666
10-1996 D & B SAMPLE CO LTD 426 SALFORD SF400031
SUMMARY OF JUDGMENTS REGISTERED (UP TO 5 FULL YEARS)
YEAR: NUMBER: AMOUNT:
1996 2 7.190
SCOTTISH DECREES
Decrees Registered During The Last 12 Months: 0
MORTGAGES & CHARGES
Total Mortgages & Charges Registered: 5
DETAILS OF MORTGAGES AND CHARGES REGISTERED
Date: Co. Number: Particulars:
3-1997 434567 A DUMMY MORTGAGE CREATED 20.03.97/MIDLAND DUMMY
BANK PLC.
3-1997 434567 A DUMMY MORTGAGE CREATED 20.03.97 TO MIDLAND
DUMMY BANK PLC.
5-1992 434567 DEBENTURE CREATED 01.05.92/D. & B. SAMPLE HOLDING
CO/ALL MONEYS/GENERAL CHARGE.
1993 A DEBENTURE TO NATIONAL WESTMINSTER BANK PLC
1992 A MORTGAGE TO BARCLAYS BANK PLC
DETAILS OF MORTGAGES AND CHARGES SATISFIED
Date: Co. Number: Particulars:
3-1998 434567 20.3.97
All Public Notice information has been obtained in good faith from the
appropriate public sources.
SPECIAL EVENTS
Critical legal notice information filed is investigated by D&B Analysts,
and where relevant, comment is presented in this section.
BANKERS
Barclays Bank PLC, P O Box 65, 56 New St, Birmingham West Midlands B2 4EF.
BANK SORT CODE: (20-07-71).
National Westminster Bank PLC, 25 High St, Colchester Essex CO1 1DG. BANK
SORT CODE: (60-06-06).
PRINCIPALS
Name: Mr Jonathan McCready, Chairman
Born: 22-06-1936
Address: Craven Cottage, New Denson Rd, Willenhall, West Midlands
WV23 2XB UK
DIRECTORSHIPS: D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
(Current) SAMPLE HOLDING CO LTD (23-308-3567),
Name: Mrs Joan Beatrix Culloden, Managing Director
Born: 01-09-1961
Address: 16B Lundy Ho, Evergreen La, St. Johns, Edinburgh EH11 1FH
UK
DIRECTORSHIPS: D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
(Current) SAMPLE HOLDING CO LTD (23-308-3567),
Name: Mr Paul Shelley, Financial Director
Born: 16-09-1962
Address: 116a Upper High St, Long Meadow Bank, Edgbaston,
Birmingham B62 9PL UK
DIRECTORSHIPS: D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
(Current) SAMPLE HOLDING CO LTD (23-308-3567),
Name: Mr Guy Jacques-Pierot, Sales Director
Born: 01-11-1967
Address: 11 Rue De Poulenc, Boulon-Devion, Paris 75006 FR
DIRECTORSHIPS: D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
(Current) SAMPLE HOLDING CO LTD (23-308-3567),
Name: Mr Paul Vert, Marketing Director
Profession: Director
Born: 24-02-1965
Nationality: French
DIRECTORSHIPS: No other recorded directorships.
Name: Mr Klaus Preston, Personnel Director
Born: 16-02-1956
Address: 'Johnstone Step', Blackheath Way, Coventry Rd, Sheffield,
South Yorkshire S16 9LL UK
DIRECTORSHIPS: D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
(Current) SAMPLE HOLDING CO LTD (23-308-3567),
Name: Miss Julie Whittaker, Director, Company Secretary
Born: 02-08-1967
Address: 20 Hurford Rd, Leeds, West Yorkshire LS11 9PS
DIRECTORSHIPS: D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
(Current) SAMPLE HOLDING CO LTD (23-308-3567),
Name: Mr Marcus Voodarini, Non-Executive Director
Born: 22-05-1971
Address: 11th Floor, Centre City Tower, 7 Hill St, Birmingham B5
4UN UK
DIRECTORSHIPS: D & B SAMPLE SUBSIDIARY CO LTD (23-080-9378), D & B
(Current) SAMPLE HOLDING CO LTD (23-308-3567),
There is one additional principal recorded at Companies House.
D&B COLLECTION SERVICES CLAIMS
During the past 36 months, D&B Collection Services have processed the
following overdue cases on this business:
Date Age of Amount Status Legal Claim Country
Claim Claim of of Action Disputed of
Received (Days) Claim Claim Taken Origin
AUG 1996 186 5.320 open UK
PAYMENT HABITS
INDUSTRY COMPARISON - THIS QUARTER ONLY
Based on the 11395 firms in SIC code 5081 where D&B has payment
experiences.
UPPER SEGMENT (Top 25%) SCORE = 80
Pays Within Terms
MEDIAN SEGMENT (Middle 50%) SCORE = 73
Pays 11 day(s) Beyond Terms
LOWER SEGMENT (Bottom 25%) SCORE = 64
Pays 19 day(s) Beyond Terms
PAYMENTS: PROMPT
FINANCIAL COMPARISONS
Fiscal Fiscal Fiscal
Group Group Group
31-03-1996 31-03-1997 31-03-1998
Net Sales 13.122.000 13.226.149 13.545.000
Exports 4.902.000 4.070.165 24.975
Pre-Tax Profit (Loss) 2.710.000 218.422 114.120
Net worth 3.375.000 2.508.400 2.978.191
Total Fixed Assets 4.249.000 1.726.358 1.692.710
Total Assets 10.810.000 5.875.737 5.779.707
Current Assets 5.561.000 4.149.379 4.086.997
Current Liabilities 4.440.000 2.817.498 2.627.009
Working Capital 1.121.000 1.331.881 1.459.988
Long Term Debt 2.995.000 160.839 174.507
Employees 476 203 50
PERFORMANCE RATIOS
31-03-1996 31-03-1997 31-03-1998
PROFITABILITY
Profit Margin (%) 20,7 1,7 0,8
Shareholders' Return (%) 80,3 8,7 3,8
Return On Capital (%) 40,0 7,1 3,6
Return On Assets (%) 24,2 3,7 2,0
FINANCIAL STATUS
Acid Test (X) 0,6 0,2 0,3
Current Ratio (X) 1,3 1,5 1,6
Solvency Ratio (%) 220,3 118,7 94,1
Fixed Assets/Net Worth (%) 125,9 68,8 56,8
Current Liab's/Net Worth(%) 131,6 112,3 88,2
Current Liab's/Stocks (%) 262,1 84,3 101,1
ASSET UTILITY
Stock Turnover Rate 7,7 4,0 5,2
Collection Period (Days) 70,8 6,4 14,7
Asset Turnover (%) 117,1 225,1 234,4
Sales/Net Working Cap. (X) 11,7 9,9 9,3
Assets/Sales (%) 85,4 44,4 42,7
Creditors/Sales (Days) 33,7 24,5
EMPLOYEE (000'S)
Capital Employed/Employee 14,2 15,1 63,1
Sales/Employee 27,6 65,2 270,9
Profit/Employee 5,7 1,1 2,3
Employee Average Wage 8,6 17,5 75,1
FINANCIAL STATEMENT
Consolidated Consolidated Variance
Closing date 31-03-1997 31-03-1998 98/97 (%)
ASSETS
Land & Buildings 702.204 720.365 2,60
Fixtures & Equipment 1.024.154 972.345 (5,10)
Tot. Net Stocks & WIP 3.342.397 2.597.845 (22,30)
Accounts Receivable 230.585 546.879 137,20
Prepaid Expenses 236.380 475.281 101,10
Other Receivables 23.761 15.649 (34,10)
Cash 230.919 350.659 51,90
Taxation Recoverable 85.337 100.497 17,80
Other Current Assets 187
Total Current Assets 4.149.379 4.086.997 (1,50)
TOTAL ASSETS 5.875.737 5.779.707 (1,60)
--------------------------------------------------------
LIABILITIES
Issued Capital 432.000 529.743 22,60
Reserves 176.072 175.000 (0,60)
Retained Earnings 2.289.328 2.273.448 (0,70)
Lease pay. after 1 yr 160.839 160.258 (0,40)
Other Long-term Liabs 14.249
Accounts Payable 886.622
Accruals/Deferred Inc 416.157 474.653 14,10
Bank Loans/Overdrafts 511.289 500.150 (2,20)
Loans from Principals 1.796 3.500 94,90
Tax & Social Security 901.469 1.506.230 67,10
Lease pay. in 1 year 77.211 121.726 57,70
Other Current Liabs. 22.954 20.750 (9,60)
Total Current Liabs. 2.817.498 2.627.009 (6,80)
TOTAL LIABILITIES 5.875.737 5.779.707 (1,60)
--------------------------------------------------------
Closing date 31-03-1997 31-03-1998 Variance
PROFIT AND LOSS ACCOUNT 98/97 (%)
Net Sales 13.226.149 13.545.000 2,40
Cost of Sales 5.432.190 7.841.801 44,40
Gross Profit 7.793.959 5.703.199 (26,80)
Advert. & Commercial Exp. 361.495
General Expenses 7.441.862 5.219.893 (29,90)
Other Operating Charges 29.682
Net Operating Income 322.415 121.811 (62,20)
Interest Receivable 5.365
Total Financial Income 5.365 0
Interest Payable 109.358 7.691 (93,00)
Total Financial Expenses 109.358 7.691 (93,00)
Profit Before Tax 218.422 114.120 (47,80)
Net Taxation 262.400 130.000 (50,50)
Other Tax (43.852) 0
Profit After Tax (126) (15.880)
Net Loss 126 15.880
Exports 4.070.165 24.975 (99,40)
Retained Earnings at Start 2.344.414 2.289.328 (2,30)
Net Loss 126 15.880
Dividends 54.960 0
Retained Earnings at End 2.289.328 2.273.448 (0,70)
Payroll 3.553.185 3.752.649 5,60
Depreciation 390.385 427.953 9,60
Directors' Remuneration 288.426 115.022 (60,10)
Number of Employees 203 50 (75,40)
Statement obtained from Companies House.
Contingent debt: none indicated.
Debtors shown as a net value, less undisclosed allowance for doubtful
debts.
Fixed assets shown as a net value, less undisclosed accumulated
depreciation.
Long term debt/Liabilities: Other
Small and exempt from the requirement to file audited accounts, criteria
for which include a turnover of less than 90,000, HP after one year
consists of:Finance Lease Due After 1 Year
Other Current Assets consist of: Other 187
Other Current Liabs. consist of: Other 20750
SECURED CHARGES
Registered 1992 a mortgage to Barclays Bank PLC.
Registered 1993 a debenture to National Westminster Bank PLC.
CORPORATE STRUCTURE
SUBSIDIARIES
Subject has one subsidiary.
D & B Sample Subsidiary Co Ltd, Birmingham, U K, DUNS: 23-080-9378,
ownership: 100%
It should be noted that the Accounting Reference Date is 31-03.
BRANCHES
Number of branches or divisions: 1
5th Floor, Westminster Ho Manchester, branch
PARENT COMPANY
IMMEDIATE PARENT
NAME: D & B SAMPLE HOLDING CO LTD
TOWN: BIRMINGHAM
COUNTRY: UK
D-U-N-S NUMBER: 23-308-3567
OWNERSHIP: 99%
HISTORY/OPERATIONS
HISTORY
Business started 1984
Private limited company registered 01-11-1984
Subject was accredited with BSI 5750 in November 1996
OPERATIONS
SIC CODE(S): 5081 7372
COMMERCIAL MACHINERY WHOLESALERS
COMPUTER PROGRAMMING & SOFTWARE SERVICES
Laptop personal computers, computer hardware and accessories distributors
(60%) and software developers (40%).
Sells to: Blue chip companies and Government departments
Terms are: Net 30 days (U K) & letter of credit (overseas)
Number of accounts: 400.
Non-seasonal business.
Exports: 30% of sales to U S A; Germany
EMPLOYEES: 203
Premises: Owns offices, factory, warehouses, at the heading
address covering 20,000 sq. ft.
REGISTERED OFFICE: 11th Floor, Centre City Tower, 7 Hill St, Birmingham B5
4UN
Copyright (c) 1999 Dun & Bradstreet. All Rights Reserved. This report
is provided for your internal business use only and may not be reproduced
or re-distributed in any manner whether mechanical or electronic without
the permission of D&B.
Disclaimer: Whilst D&B attempts to ensure that the Information provided is
accurate and complete, by reason of the immense quantity of detailed matter
dealt with in compiling the Information and the fact that the data are
supplied from sources not controlled by D&B which cannot always be
verified, as well as the possibility of negligence or mistake, D&B does not
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will not be held responsible for any errors therein or omissions therefrom.
FOREIGN COMPREHENSIVE DISPLAY COMPLETE