MIRA
INFORM REPORT
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Report Date : |
19.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
STORM PROCUREMENT LIMITED |
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Registered Office : |
40-41 Pk Hse Greenhill, Cres Watford Business Pk, Watford,
WD18 |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
19.04.2006 |
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Com. Reg. No.: |
05786137 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Wholesaler of Construction Machinery |
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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Maximum Credit Limit : |
GBP 1,500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
STORM PROCUREMENT LIMITED |
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Registered Office |
40-41 Pk Hse Greenhill, Cres Watford Business Pk, Watford,
WD18 |
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This company has an average risk status and should be
treated with a degree of caution |
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Credit Limit |
GBP 1,500 |
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Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 11,000 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
05786137 |
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Date of Incorporation |
19/04/2006 |
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Registered Office |
40-41 Pk Hse Greenhill, Cres Watford Business Pk, Watford,
WD18 |
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Date of Last Annual Return to
Registry |
19/04/2007 |
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Accounts |
The last filed accounts cover the period to 31/12/2006 and
were filed on 10/09/2007 |
Recently Filed Documents
Details of the most recent documents
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Date
Received |
Description |
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19/04/2007 |
Annual Return |
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31/12/2006 |
Financial Statement / Set of Accounts |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
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Address |
7, SPRING CLOSE HIGHWOODS , COLCHESTER
, CO4 9TN |
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Date of Birth |
24/09/1967 |
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Appointment Date |
19/04/2006 |
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Other Appointments |
CAPITAL CONTINUITY LIMITED, STORM PROCUREMENT
LIMITED, STORM TECHNOLOGIES LIMITED |
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DIRECTOR |
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Occupation |
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Address |
56, OXMAN LANE GREENLEYS , MILTON KEYNES
, MK12 6LF |
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Date of Birth |
17/03/1975 |
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Appointment Date |
25/07/2006 |
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Other Appointments |
CAPITAL CONTINUITY LIMITED, STORM PROCUREMENT
LIMITED, STORM TECHNOLOGIES LIMITED |
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DIRECTOR |
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Occupation |
ACCOUNTANT |
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Address |
WILLOW , WETHERDEN ROAD HAUGHLEY GREEN
, STOWMARKET , SUFFOLK , IP14 3RF |
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Date of Birth |
07/04/1959 |
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Appointment Date |
19/04/2006 |
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Other Appointments |
CAPITAL CONTINUITY LIMITED, CARLTON FABRICATION
LIMITED, NEWLYN WARE LIMITED, STORM PROCUREMENT LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
85, BEAR STREET NAYLAND , COLCHESTER
, CO6 4LA |
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Country of Origin |
BRITISH |
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Date of Birth |
13/11/1963 |
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Appointment Date |
25/07/2006 |
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Other Appointments |
STORM PROCUREMENT LIMITED |
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SECRETARY |
MR GRAHAM WARE |
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Address |
WILLOW, WETHERDEN ROAD, HAUGHLEY GREEN
, STOWMARKET , IP14 3RF |
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Country of Origin |
BRITISH |
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Date of Birth |
07/04/1959 |
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Appointment Date |
19/04/2006 |
Recently Resigned Directors (last
3)
None
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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Mr Graham Ware |
ORD |
200 |
200.00 |
4.00 |
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Mr John Robert Brooker |
ORD |
2,200 |
2,200.00 |
44.00 |
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Mr Paul Alexander |
ORD |
2,250 |
2,250.00 |
45.00 |
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Mr Simon Lee Dearn |
ORD |
350 |
350.00 |
7.00 |
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Mortgages and Charges
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Total Registered |
1 |
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Total Outstanding |
1 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
08/06/2006 |
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Date Registered |
13/06/2006 |
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Type |
395 |
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Date Created |
08/06/2006 |
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Lender |
LLOYDS TSB BANK PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
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Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
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Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Sic Code |
Description |
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5162 |
Wholesale of construction machinery |
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Staff Employed |
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Financial Data
Profit and Loss
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Number of Weeks |
52 |
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Accounts Date |
31/12/2006 |
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Currency |
GBP |
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Units |
units |
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Consolidated? |
No |
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RETAINED PROFITS |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
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Accounts Date |
31/12/2006 |
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Currency |
GBP |
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Units |
units |
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Consolidated? |
No |
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TOTAL FIXED ASSETS |
3,233 |
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Total Fixed Assets |
3,233 |
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- |
- |
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TOTAL CURRENT ASSETS |
411,685 |
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Stocks |
55,593 |
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- |
- |
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Trade Debtors |
269,891 |
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- |
- |
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Other Receivables |
15,000 |
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- |
- |
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Cash |
71,201 |
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- |
- |
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TOTAL ASSETS |
414,918 |
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TOTAL CURRENT LIABILITIES |
389,958 |
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Other Current Liabilities |
389,958 |
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- |
- |
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WORKING CAPITAL |
21,727 |
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TOTAL LONG TERM LIABS |
247 |
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Taxation |
247 |
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- |
- |
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NET ASSETS/(LIABILITIES) |
24,960 |
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SHARE CAPITAL + RESERVES |
24,713 |
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Issued Share Capital |
5,000 |
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- |
- |
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Profit and Loss account |
19,713 |
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- |
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SHAREHOLDERS FUNDS |
24,713 |
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CAPITAL EMPLOYED |
24,960 |
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TANGIBLE NET WORTH |
24,713 |
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Key Credit Ratios
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Accounts Date |
31/12/2006 |
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Current Ratio |
1.06 |
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Quick Ratio |
0.91 |
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T.N.W/Total Assets |
0.06 |
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Equity Gearing |
1.00 |
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Solvency (%) |
1578.95 |
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. |
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%)