MIRA
INFORM REPORT
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Report Date : |
09.07.2007 |
IDENTIFICATION DETAILS
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Name : |
CHESHIRE MARBLE HOLDINGS LIMITED |
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Registered Office : |
Unit 6 Atlantic Point, |
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Country : |
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Financials (as on) : |
30.04.2006 |
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Date of Incorporation : |
31/01/2001 |
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Com. Reg. No.: |
04150852 |
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Legal Form : |
Private Limited |
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Line of Business : |
Transformation of marble and granite into finished products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification Details
Subject Reported
on CHESHIRE MARBLE
HOLDINGS LIMITED
Address UNIT 6 ATLANTIC
POINT,
Telephone 0161 926 8775
Facsimile 0161 926 9381
Web Address www.marble-uk.com
Creditline Recommendations
Monthly Credit
Guide GBP 28,000
Risk Category ABOVE
Official Company Data
Legal Form Private Limited
Registration
Number 04150852
VAT Number GB638705909
Date of
Incorporation 31/01/2001
Registered Office UNIT 6 ATLANTIC
POINT,
WA14
5DE.
Date of Last
Annual
Return to Registry
31/01/2007
Accounts The last filed
accounts at Companies House are those to 30/04/2006
Accounting
Reference
Date 30/04
Operations
Activities Transformation of marble and granite into finished products.
Nace Code 7020
Premises Rented, Factory, Offices
Staff Employed 20
Import Countries ALL OVER THE WORLD
Export Countries No Export Activity
Bankers BARCLAYS BANK PLC
Address ALTRINCHAM.
Sort Code 200196
Auditors Cleworth Beardley
Subsidiaries CHESHIRE MARBLE INDUSTRIES LIMITED
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
3
Number Partially
Satisfied 0
Number Satisfied 0
Date of Latest
Mortgage Created 15/12/2005
Details of most
recent Mortgages,
Charges and
Satisfactions
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Date Fully Satisfied |
Date |
Date |
Charge |
Form Type |
Lender |
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28/08/2006 |
15/12/2005 |
Mortgage Deed |
395 |
Capital Home Loans |
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26/02/2002 |
14/02/2002 |
Legal Charge |
395 |
Barclays Bank Plc |
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31/05/2001 |
18/05/2001 |
Guarantee Debenture |
395 |
Barclays 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
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Date |
Source |
Description |
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15/12/2001 |
Companies House Gazette |
Alteration in memorandum or articles of association |
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01/03/2001 |
Companies House Gazette |
Change among the directors of a company |
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20/02/2001 |
Companies House Gazette |
Change among the directors of a company |
Company Secretary
Secretary PETRUS GROOT
Address
Country of
Origin
Date of Birth 09/05/1949
Appointment Date 31/01/2001
Other
Directorships CHESHIRE MARBLE INDUSTRIES
LIMITED, CHESHIRE MARBLE TILING LIMITED
Directors
Director PETRUS GROOT
Address
Country of Origin
Date of Birth 09/05/1949
Appointment Date 31/01/2001
Other Directorships CHESHIRE MARBLE INDUSTRIES LIMITED, CHESHIRE MARBLE TILING LIMITED
Director MATTHEW CLEAVER
Address
Country of Origin UNITED KINGDOM
Date of Birth 06/08/1950
Appointment Date 31/01/2001
Other Directorships CHESHIRE MARBLE INDUSTRIES LIMITED, CHESHIRE MARBLE TILING LIMITED
Share Capital
Shares Ordinary GBP 1.00
Issued Number 300
Principal
Shareholder 150 Matthew
Cleaver
150 Pieter
Groot
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 categorized as small companies under the companies act.
Balance Sheet
The following figures are shown in units of 1000
Number of Weeks 52 52 52 52
Accounts Date 30/04/2006 30/04/2005 30/04/2004 30/04/2003
Currency GBP GBP GBP GBP
TOTAL FIXED ASSETS 889 532 468 367
Tangible Assets 889 532 468 367
TOTAL CURRENT
ASSETS 295 409 192 67
Trade debtors 34 131 38 66
Stocks 261 277 127
Other Current
Assets 1 27 1
Cash 1 27 1
TOTAL ASSETS 1184 941 660 434
TOTAL CURRENT
LIABILITIES 275 309 190 43
Trade creditors 275 309 190 43
WORKING CAPITAL 20 100 2 24
TOTAL LONG TERM
LIABS 257 168 184 108
NET
ASSETS/(LIABILITIES) 652 464 286 283
SHARE CAPITAL +
RESERVES 652 464 286 283
Share Cap + Sundry
Res 438 254 255 254
Profit and Loss
account 214 210 31 29
SHAREHOLDERS FUNDS 652 464 286 283
CAPITAL EMPLOYED 909 632 470 391
Financial Comparison
The following figures are shown in units of 1000
Number of Weeks 52 52 52 52
Accounts Date 30/04/2006 30/04/2005 30/04/2004 30/04/2003
Currency GBP GBP GBP GBP
Liquid Assets 34 132 65 67
Net Working
Capital 20 100 2 24
Other Deferred
Liabs 257 168 184 108
Tangible Net
Worth(T.N.W) 652 464 286 283
Equity 652 464 286 283
Number of Years
Trading 5 4 3 2
Key Credit Ratios
The following figures are shown as Ratios or Percentages
Accounts Date 30/04/2006 30/04/2005 30/04/2004 30/04/2003
Current Ratio 1.1 1.3 1 1.6
Quick Ratio 0.1 0.4 0.3 1.6
T.N.W/Total
Assets% 55.1 49.3 43.3 65.2
Equity Gearing% 122.6 97.3 76.5 187.4
Key Industry Sector
Trends
Year 2007 2006 2005 2004
Sample Size 204 21533 33531 31922
Pre-Tax Profit
Margin 51.2 35.5 33.1 33.8
Current Ratio 3.7 2.7 2.3 2.1
Borrowing Ratio 147.7 113.6 138.8 153.8
Return on Capital 11 11.1 11.4 12.1
Creditors Days 58 223 224 209
Above figures relate to companies in 1992 Standard Industry Classification (Nace) sector : Letting of own property
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.
No Turnover
The company's balance sheet total is
less than GBP 2,800,001 and therefore this is a small company as defined by the
Companies Act. It is not required to disclose turnover but it is likely to be
less than GBP 5,600,000.
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 188,000 increase. This
suggests that the Company may have made a post-tax profit of GBP 188,000.
Working Capital
The company's working capital, while
remaining positive, decreased by 80 % in the period.
Net Worth
Net worth has increased by 41 % and now stands at GBP 652,000.
Fixed Assets
The subject's fixed assets increased
during the year by GBP 357,000 to GBP 889,000 and are now 75 % of total assets
compared with 56 % in the previous year.
Long Term Liabilities
The company's long term liabilities
increased during the period by 52% and are now 39 % of net worth compared with
36 % in the previous period.
Long Term Liabilities
Long term liabilities are now 22 % of total liabilities compared with 18 % in the previous period.
Long Term Liabilities
Long term liabilities are 28 % of capital employed, an increase 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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)