Dailycer Limited
Credit Worthiness Registered Office Trading Address & Tel Reg No & Incorp DateFourth Avenue Fourth Avenue Reg No: 01246878
High credit score numbers denote
more credit worthiness. Please Deeside Industrial Park Deeside Industrial Park Incorp Date: 2/03/1976
exercise caution when using this type Deeside Clwyd Deeside Clwyd Previous Name: Cheshire Wholefoods
of information. CH5 2NR CH5 2NR (Cereals) Limited
01244 - 289188 01244 - 289188County Court Judgments In Last Six
Years: Directors & Co Secretary Shareholders
TOT NO = Cornelius Baars Cereals Holding Gmbh 5,088,220 Ord 5p
TOT GBP = £0 Ian Charles Hodgson
Paul Graham Scandrett
Suggested Credit Limit: £0 Udo Tegtmeier
Company Credit Score=85 Industry Average Credit Score=53 Business DescriptionManufacture, Sale, And Distribution Of Breakfast Cereals.
Credit Control Parent & Subsidiaries Reg No Assets Turnover
Ultimate Parent:Koninklijke Wessanen Nv
Parent:Wessanen Europa Bv
year end 31/12/06 31/12/05 31/12/04 31/12/03 31/12/02
consolidated No No No No No
number of months 12 12 12 12 12
number of employees 178 177 284 377 424
Credit Given (Days) Credit Taken (Days) Balance Land & Buildings 808,000 961,000 2,389,000 5,910,000 5,672,000
Sheet Fixtures & Fittings
Debt Ratio & Current Ratio Plant & Vehicles 8,472,000 8,780,000 8,971,000 10,375,000 13,544,000Other Tangible Assets
Total Tangible Assets 9,280,000 9,741,000 11,360,000 16,285,000 19,216,000
Intangible Assets 4,250,000 4,675,000 7,123,000 7,716,000 8,309,000
Investments
Total Fixed Assets 13,530,000 14,416,000 18,483,000 24,001,000 27,525,000
Stock 3,123,000 3,410,000 3,444,000 3,614,000 4,168,000
Debtors 4,111,000 4,534,000 5,576,000 5,184,000 5,337,000
Cash & Liquid Assets 326,000 1,006,000 939,000
Other Current Assets 9,250,000 10,134,000 10,797,000 9,813,000 8,504,000
Total Current Assets 16,484,000 18,404,000 19,817,000 19,617,000 18,948,000
Trade Creditors 2,158,000 2,959,000 3,343,000 5,072,000 5,616,000
Company Debt Ratio Industry Average Debt Ratio Bank Loans & Overdrafts 5,085,000 1,678,000
Company Current Ratio Industry Average Current Ratio Other Current Liabilities 24,409,000 25,091,000 19,604,000 19,630,000 17,816,000
Total Current Liabilities 31,652,000 28,050,000 24,625,000 24,702,000 23,432,000
Turnover Growth (% of 2005) Working Capital -15,168,000 -9,646,000 -4,808,000 -5,085,000 -4,484,000Net Assets -1,638,000 4,770,000 13,675,000 18,916,000 23,041,000
Group Loans 10,486,000 10,486,000 11,053,000 13,194,000
Other Long Term Loans 10,486,000
Long Term Loans 10,486,000 10,486,000 11,053,000 10,486,000 13,194,000
Other Long Term Liabilities 6,710,000 6,753,000 1,366,000 2,469,000 4,482,000
Issued Capital 254,000 254,000 254,000 254,000 254,000
Retained Earnings -39,639,000 -33,274,000 -19,549,000 -14,844,000 -15,440,000
Revaluation Reserve
Other Reserves 20,551,000 20,551,000 20,551,000 20,551,000 20,551,000
Shareholder Funds -18,834,000 -12,469,000 1,256,000 5,961,000 5,365,000
Capital Employed -1,638,000 4,770,000 13,675,000 18,916,000 23,041,000
Company Turnover Industry Average Turnover Profit Turnover 30,394,000 34,727,000 46,609,000 48,392,000 50,480,000
& Loss Cost Of Goods Sold 21,302,000 25,958,000 24,964,000 26,220,000 28,256,000
Turnover Analysis (Estimate in £M's) Statement Gross Profit 9,092,000 8,769,000 21,645,000 22,172,000 22,224,000
Administrative Expenses 14,207,000 15,580,000 18,169,000 21,823,000 26,066,000
Operating Profit -5,115,000 -6,811,000 3,476,000 349,000 -3,842,000
Exceptional Items -3,299,000 -9,028,000 -5,248,000
Non-trading Income 4,405,000 963,000 570,000 61,000
Profit Before Interest & Tax -5,115,000 -5,705,000 -4,589,000 919,000 -9,029,000
Net Interest 1,311,000 2,284,000 789,000 529,000 24,000
Pre-tax Profit -6,426,000 -7,989,000 -5,378,000 390,000 -9,053,000
Tax Paid -266,000 -1,745,000 -673,000 -206,000
Profit After Tax -6,160,000 -6,244,000 -4,705,000 596,000 -9,053,000
Extraordinary Items
Company Turnover Turnover Analysis Using Debtors Minority Interests
Turnover Analysis Using Stock Turnover Analysis Using Fixed Assets Dividends
Retained Profit -6,160,000 -6,244,000 -4,705,000 596,000 -9,053,000
Sales Per Employee (£000's) Notes to ExportsAccounts Director Remuneration 612,000 580,000
Highest Paid Director 255,000 177,000
Employee Remuneration 4,509,000 4,235,000 7,099,000 8,054,000 9,833,000
Audit Fee 36,000 40,000 38,000 24,000 23,000
Flow of Profit Generated -6,426,000 -7,989,000 -5,378,000 390,000
Funds Depreciation 1,334,000 1,378,000 7,714,000 2,509,000
Statement Change In Debtors 423,000 1,042,000 -392,000 153,000
Change In Creditors -801,000 -384,000 -1,729,000 -544,000
Change In Stock 287,000 34,000 170,000 554,000
Operating Cash Flow -5,183,000 -5,919,000 385,000 3,062,000
Company Sales/Employee Industry Average Sales/Employee Ratio Gross Profit Margin (%) 29.91 / 29.61 25.25 / 29.38 46.44 / 29.37 45.82 / 29.06 44.02 / 24.34
Analysis Operating Profit Margin (%) -16.83 / 5.63 -19.61 / 3.79 7.46 / 5.93 0.72 / 6.67 -7.61 / -0.66
(Co / Ind PBIT Margin (%) -16.83 / 6.71 -16.43 / 4.51 -9.85 / 6.64 1.90 / 7.31 -17.89 / 0.04Profit Margins (%)
Ave) Return On Total Assets (%) -17.04 / 10.34 -17.38 / -3.00 -11.98 / 11.74 2.11 / 11.82 -19.43 / -1.15
Return On Equity (%) 32.71 / 13.78 50.08 / -10.49 -374.60 / 13.91 10.00 / 18.18 -168.74 / 5.73
Current Ratio 0.52 / 1.44 0.66 / 1.65 0.80 / 1.62 0.79 / 1.14 0.81 / 1.28
Quick Ratio 0.42 / 1.16 0.53 / 1.47 0.66 / 1.36 0.65 / 0.88 0.63 / 1.16
Debt Ratio 1.63 / 0.50 1.38 / 0.54 0.97 / 0.48 0.86 / 0.59 0.88 / 0.61
Times Interest Earned / 15.79 / 18.36 / 26.25 1.74 / 16.60 / 13.48
Credit Given (Days) 49 / 30 48 / 35 44 / 30 39 / 33 39 / 49
Credit Taken (Days) 37 / 34 42 / 37 49 / 25 71 / 29 73 / 36
Fixed Asset Turnover 2.25 / 0.36 2.41 / 0.41 2.52 / 0.58 2.02 / 0.52 1.83 / 0.73
Stock Turnover 9.73 / 11.15 10.18 / 13.19 13.53 / 12.77 13.39 / 9.59 12.11 / 14.99
Debtor Turnover 7.39 / 11.96 7.66 / 10.06 8.36 / 12.09 9.33 / 11.18 9.46 / 7.12
Company Operating Margin Industry Average Operating Margin Sales Per Employee (£000's) 171 / 339 196 / 346 164 / 390 128 / 428 119 / 466
Company Gross Margin Industry Average Gross Margin Average Wage (£000's) 25 / 36 24 / 37 25 / 36 21 / 34 23 / 42
Growth In Sales (%) -12.48 -25.49 -3.68 -4.14
Growth In Employees (%) 0.57 -37.68 -24.67 -11.08
34 | Chapter Four Company Accounts
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