MIRA
INFORM REPORT
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Report Date : |
25th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
LONDON
METALS AND COMMODITIES LIMITED |
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Registered Office : |
6 Pegasus Mews, Stratton Business Park,
Biggleswade, Bedfordshire, Sg18 8qa. |
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Country : |
United
Kingdom |
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Financials (as on) : |
31.07.2005 |
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Date of Incorporation : |
28.01.1997 |
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Com. Reg. No.: |
03308487 |
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Legal Form : |
Private
Limited |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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Status : |
Poor |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Company Identification Details
LONDON METAL & COMMODITIES
LIMITED
Creditline Recommendations
Less than GBP 1 - This does not
necessarily mean the company is not creditworthy
Monthly Credit Guide GBP 0
Risk Category HIGH RISK
Official Company Data
Legal Form Private Limited
Registration Number 03308487
Date of Incorporation 28/01/1997
Registered Office 6 PEGASUS MEWS, STRATTON BUSINESS PARK, BIGGLESWADE, BEDFORDSHIRE, SG18
8QA.
History 23/12/2004 : The Registered Office address changed
from 8 THE WOODS, RADLETT, HERTFORDSHIRE, WD7 7HF.
3/02/2000 : The
Registered Office address changed from 1 SONIA
CLOSE,
OXHEY, WATFORD, HERTFORDSHIRE,
13/11/1997 : The
Registered Office address changed from 72 NEW
BOND
STREET, LONDON, W1Y 9DD, W1Y 9DD.
Date of Last Annual
Return to Registry 28/01/2006
Accounts The last filed accounts at Companies House
are those to 31/07/2005
Accounting Reference Date 31/07
Operations
Nace Code 7484
Public Record Information
Summary of CCJ's/Scottish Decrees
No CCJs/Scottish
Decrees are recorded in our file.
Other Filings and Notices
Date Source Description
17/12/2002 Companies House Gazette Change
among the directors of a company
18/02/1998 Companies House Gazette Change
among the directors of a company
30/01/1997 Companies House Gazette Change
among the directors of a company
Company Secretary
Secretary M & A CONSULTING LIMITED
Address 6 PEGSUS MEWS, BIGGLESWADE, BEDFORDSHIRE,
SG18 8QA.
Country of Origin UNITED KINGDOM
Date of Birth 02/12/1950
Appointment Date 01/11/2002
Directors
Director KARL ANDERS LINDQVIST
Address 6 PEGASUS MEWS, BIGGLESWADE, SG18
8QA.
Country of Origin FINLAND
Date of Birth 02/12/1953
Appointment Date 28/01/1997
Other
Directorships M & A CONSULTING
LIMITED, INSIGHT GROUP U.K. LIMITED, DITEC (UK) LIMITED, INSIGHT
AUTOMATION LIMITED
Share Capital
Shares Ordinary GBP 1.00
Issued Number 101
Principal Shareholder 100 Anders Lindquist
1 Sebastien
Lindquist
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 and Loss
The following figures are shown
in units of 1000
|
Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/07/2005 |
31/07/2004 |
31/07/2003 |
31/07/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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SALES |
6 |
6 |
17 |
13 |
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Cost of goods sold |
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|
6 |
13 |
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GROSS PROFIT |
6 |
6 |
11 |
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PRE TAX PROFIT |
(1) |
(1) |
2 |
(1) |
Balance Sheet
The following figures are shown
in units of 1000
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/07/2005 |
31/07/2004 |
31/07/2003 |
31/07/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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TOTAL CURRENT ASSETS |
14 |
14 |
55 |
128 |
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Trade debtors |
1 |
1 |
7 |
18 |
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Other Current Assets |
13 |
13 |
48 |
110 |
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Cash |
13 |
13 |
48 |
110 |
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TOTAL ASSETS |
14 |
14 |
55 |
128 |
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TOTAL CURRENT LIABILITIES |
16 |
16 |
56 |
132 |
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Trade creditors |
16 |
16 |
56 |
132 |
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WORKING CAPITAL |
(2) |
(2) |
(1) |
(4) |
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NET ASSETS/(LIABILITIES) |
(2) |
(2) |
(1) |
(4) |
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SHARE CAPITAL + RESERVES |
(2) |
(2) |
(1) |
(4) |
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Profit and Loss account |
(2) |
(2) |
(1) |
(4) |
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SHAREHOLDERS FUNDS |
(2) |
(2) |
(1) |
(4) |
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CAPITAL EMPLOYED |
(2) |
(2) |
(1) |
(4) |
Financial Comparison
The following figures are shown
in units of 1000
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/07/2005 |
31/07/2004 |
31/07/2003 |
31/07/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Liquid Assets |
14 |
14 |
55 |
128 |
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Net Working Capital |
(2) |
(2) |
(1) |
(4) |
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Tangible Net Worth(T.N.W) |
(2) |
(2) |
(1) |
(4) |
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Equity |
(2) |
(2) |
(1) |
(4) |
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Number of Years Trading |
8 |
7 |
6 |
5 |
Key Credit Ratios
The following figures are shown
as Ratios or Percentages
|
Accounts Date |
31/07/2005 |
31/07/2004 |
31/07/2003 |
31/07/2002 |
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Current Ratio |
0.9 |
0.9 |
1 |
1 |
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Pre Tax Profit Margin% |
(16.7) |
(16.7) |
11.8 |
(7.7) |
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Gross Profit% |
100 |
100 |
64.7 |
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Debtors Days (D.S.O) |
61 |
61 |
150 |
505 |
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Creditors Days (D.P.O) |
973 |
973 |
1202 |
3706 |
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Quick Ratio |
0.9 |
0.9 |
1 |
1 |
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Return on Investment% |
50 |
50 |
(200) |
25 |
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Return on Assets% |
(7.1) |
(7.1) |
3.6 |
(0.8) |
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T.N.W/Total Assets% |
(14.3) |
(14.3) |
(1.8) |
(3.1) |
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Return on Capital% |
50 |
50 |
(200) |
25 |
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Rtn on Shareholders Funds% |
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|
(200) |
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Working Capital/Sales% |
(33.3) |
(33.3) |
(5.9) |
(30.8) |
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Equity Gearing% |
(12.5) |
(12.5) |
(1.8) |
(3) |
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Days Purchases Outstanding |
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|
3406.7 |
3706.2 |
Key Industry Sector Trends
|
Year |
2006 |
2005 |
2004 |
2003 |
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Sample Size |
28748 |
99999 |
99999 |
99999 |
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Pre-Tax Profit Margin |
34.7 |
22.3 |
19.3 |
17.7 |
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Current Ratio |
1.7 |
1.7 |
1.6 |
1.6 |
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Borrowing Ratio |
36.7 |
33.6 |
35.9 |
37.6 |
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Return on Capital |
392.6 |
130.5 |
93.7 |
87.5 |
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Creditors Days |
89 |
232 |
171 |
216 |
Above figures relate to companies
in 1992 Standard Industry Classification (Nace) sector : Miscellaneous business
activities not elsewhere classified
Financial Summary
Auditors
Qualification
The company has taken advantage of
exemptions under the Companies Act such that the accounts have not been audited
or examined.
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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