MIRA
INFORM REPORT
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Report Date : |
18th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
JME
LIMITED |
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Registered Office : |
Electron House, Old Nelson
Street, Lowestoft, Suffolk, Nr32 1eq.
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Country : |
United
Kingdom |
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Financials (as on) : |
30.11.2005 |
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Date of Incorporation : |
18/09/1986 |
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Com. Reg. No.: |
02056386 |
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Legal Form : |
Private
Limited |
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Line of Business : |
Manufacture of other special purpose machinery inc those for bookbinding, printing, plastics, tyres etcs |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Good |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company Identification Details
Subject Reported on JME LTD
Address ELECTRON HOUSE, OLD NELSON
STREET, LOWESTOFT,
SUFFOLK, NR32 1EQ.
Telephone 01502500969
Creditline Recommendations
GBP 1m-5m financial strength rating based on net worth plus net current
assets/liabilities
Monthly Credit Guide GBP 85,000
Risk Category LOW RISK
Official Company Data
Legal Form Private Limited
Registration Number 02056386
Date of Incorporation 18/09/1986
Registered Office ELECTRON HOUSE, OLD NELSON
STREET, LOWESTOFT,
SUFFOLK, NR32 1EQ.s
History 14/01/2002 : The Registered Office address changed from CROWN
HOUSE, CROWN STREET WEST, LOWESTOFT, SU.
20/05/1993 : Change of name from JOHN MACLEOD
ELECTRONICS
LIMITED.s
29/03/1993 : The Registered Office address changed
from
LYNDHURST, BEACH
ROAD, KESSINGTON, LOWESTOFT,.
Date of Last Annual
Return to Registry 14/03/2006
Accounts The last filed accounts at
Companies House are those to 30/11/2005
Accounting Reference Date 30/11
Operations
Activities General Business Classification:
Manufacture of other special purpose
machinery inc those for
bookbinding,printing,plastics,tyres etcs
Nace Code 2956
Premises HEAD OFFICE
Staff Employed 13
Auditors Pacific Ltd
Branches OLD
NELSON ST, LOWESTOFT, SUFFOLK, NR32 1EQ.
Public Record Information
Summary
of CCJ's/Scottish Decrees
No
CCJs/Scottish Decrees are recorded in our file.
Summary of Mortgages, Charges and Satisfactions
Total Number of Mortgages/Charges Registered 3
Number Outstanding 2
Number Partially Satisfied 0
Number Satisfied 1
Date of Latest Mortgage Created 10/07/2001
Date of Latest Satisfaction 15/05/2002
Details of most recent Mortgages, Charges and Satisfactions
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Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
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20/07/2001 |
10/07/2001 |
Legal Mortgage |
395 |
National Westminster Bank Plc |
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15/05/2002 |
20/07/2001 |
10/07/2001 |
Legal Charge |
395 |
Brian Routledge And Philip Oldman |
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14/10/1998 |
06/10/1998 |
Legal Mortgage |
395 |
National Westminster Bank Plc |
It
should be noted that there is no legal requirement to file satisfaction details
of mortgages/charges at Companies House.
Other Filings and Notices
Date Source Description
13/09/2006 Companies House
Gazette Change among the directors of
a company
23/09/1998 Companies House
Gazette Change among the directors of
a company
08/11/1997 Companies House
Gazette Change among the directors of
a company
14/08/1997 Companies House Gazette Change among the directors of a company
30/10/1993 Companies House
Gazette Change among the directors of
a company
13/09/1988 Companies House
Gazette Change among the directors of
a company
13/09/1988 Companies House
Gazette Documents delivered by a company
under section 241 (annual accounts)
Company Secretary
Secretary PETER JAMES
THIRD MARJORIBANKS
Address 9 BRECKLAND WAY, LOWESTOFT,
SUFFOLK, NR32 4DS.
Country of Origin UNITED KINGDOM
Date of Birth 25/06/1956
Appointment Date 05/09/2006
Directors
Director CORINA ANITA WRIGHT
Address 100 CORTON ROAD, LOWESTOFT,
SUFFOLK, NR32 4PS.
Country of Origin UNITED KINGDOM
Date of Birth 21/04/1969
Appointment Date 27/06/1997
Director STUART DAVID HUBBARD
Address
10 POND HOUSE FARM OLD YARMOUTH ROA, SUTTON, NORWICH,
NORFOLK, NR12 9QY.
Country of Origin UNITED KINGDOM
Date of Birth 09/10/1953
Appointment Date 01/11/1997
Director
PETER JAMES
THIRD MARJORIBANKS
Address
9 BRECKLAND WAY,
LOWESTOFT, SUFFOLK, NR32 4DS.
Country of Origin UNITED KINGDOM
Date of Birth 25/06/1956
Appointment Date 01/08/1998
Share Capital
Shares Ordinary GBP 1.00
Issued Number 51
Principal Shareholder 51 John William Neil MacLeod
The
above reflects the principle shareholder(s) by number of shares held,
irrespective of share classification type.
Payment Analysis
( No
Payment Analysis Data is Available )
Financial Data
Profit
& Loss Accounts are not available for companies categorised as small
companies under the companies act.
For
annual accounts images, view the
Balance Sheet
The
following figures are shown in units of 1000
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/11/2005 |
30/11/2004 |
30/11/2003 |
30/11/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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TOTAL FIXED ASSETS |
385 |
706 |
517 |
516 |
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Tangible Assets |
385 |
706 |
517 |
516 |
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TOTAL CURRENT ASSETS |
1888 |
1273 |
1204 |
1232 |
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Trade debtors |
495 |
221 |
322 |
342 |
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Stocks |
749 |
700 |
780 |
612 |
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Other Current Assets |
644 |
352 |
102 |
278 |
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Cash |
644 |
352 |
102 |
278 |
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TOTAL ASSETS |
2273 |
1979 |
1721 |
1748 |
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TOTAL CURRENT LIABILITIES |
1061 |
726 |
694 |
734 |
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Trade creditors |
1061 |
726 |
614 |
676 |
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Short Term Loans |
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80 |
58 |
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Due To Directors |
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80 |
58 |
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WORKING CAPITAL |
827 |
547 |
510 |
498 |
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TOTAL LONG TERM LIABS |
68 |
83 |
96 |
111 |
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NET ASSETS/(LIABILITIES) |
1144 |
1170 |
931 |
903 |
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SHARE CAPITAL + RESERVES |
1144 |
1170 |
931 |
903 |
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Revaluation Reserves |
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209 |
43 |
43 |
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Profit and Loss account |
1144 |
961 |
888 |
860 |
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SHAREHOLDERS FUNDS |
1144 |
1170 |
931 |
903 |
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CAPITAL EMPLOYED |
1212 |
1253 |
1027 |
1014 |
Financial
Comparison
The
following figures are shown in units of 1000
Number of Weeks 52 52 52 52
Accounts Date 30/11/2005 30/11/2004 30/11/2003 30/11/2002
Currency GBP GBP GBP GBP
Liquid Assets 1139 573 424 620
Net Working Capital 827 547 510 498
Other Deferred Liabs 68 83 96 111
Tangible Net Worth(T.N.W) 1144 1170 931 903
Equity 1144 1170 931 903
Number of Years Trading 19 18 17 16
Key Credit Ratios
The
following figures are shown as Ratios or Percentages
Accounts Date 30/11/2005 30/11/2004 30/11/2003 30/11/2002
Current Ratio 1.8 1.8 1.7 1.7
Quick Ratio 1.1 0.8 0.6 0.8
T.N.W/Total Assets% 50.3 59.1 54.1 51.7
Borrowing Ratio% 8.6 6.4
Equity Gearing% 101.3 144.6 117.8 106.9
Key Industry Sector Trends
Year 2006 2005 2004 2003
Sample Size 237 1456 1619 1504
Pre-Tax Profit Margin 10.7 3.7 0.3
Current Ratio 1.6 1.4 1.3 1.4
Borrowing Ratio 6.2 27.4 32.4 28.9
Return on Capital 70.5 34.2 27.2 26.4
Creditors Days 59 62 84 75
Above
figures relate to companies in 1992 Standard Industry Classification (Nace)
sector : Manufacture of other special purpose machinery
Financial Ssummary
Auditors
Qualification
The company has taken advantage of
exemptions under the Companies Act such that the accounts have not been audited
or examined.
No Turnovers
The company's balance sheet total is less
than GBP 5,600,000 and is a medium sized company as defined by the Companies
Act. It is not required to disclose turnover but it is likely to be in the
range of GBP 2,800,000 - GBP 11,200,000.
No Pre-Tax Profit
The Company is exempt from the requirement
to file a Profit Loss Account. We note that the difference on the Shareholders
Funds shown on the Balance Sheet is GBP 26,000 decrease. This suggests that the
Company may have made a post-tax loss of GBP 26,000.
Working Capital
The company's working capital has increased
by 51 % in the period.
Net Worth
Net worth reduced by GBP 26,000 during the
period and now stands at GBP 1,144,000.
Fixed Assets
The subject's fixed assets reduced during
the year by GBP 321,000 to GBP 385,000 and are now 16 % of total assets
compared with 35 % in the previous year.
Long Term Liabilities
The company's long term liabilities reduced
during the period by 18 % and are now 6 % of net worth compared with 7 % in the
previous period.
Long Term Liabilitiess
Long term liabilities are now 3 % of total
liabilities compared with 4 % in the previous period.
Long Term Liabilities
Long term liabilities are 6 % of capital employed, a decrease of 1 % over the previous period.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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