MIRA
INFORM REPORT
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Report Date : |
18.08.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
M & K GRAPHIC MACHINERY LTD |
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Registered Office : |
4 Sandpiper Ct, Calder Grove, Wakefield, W Yorks WF4 3FF |
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Country : |
United Kingdom |
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Financials (as on) : |
31.08.2007 |
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Date of Incorporation : |
24.08.2000 |
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Com. Reg. No.: |
04058887 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Other Wholesale |
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 2,600 |
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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 |
M & K GRAPHIC MACHINERY LTD |
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Registered Office |
4 Sandpiper Ct, Calder Grove, Wakefield, W Yorks WF4 3FF |
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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 2,600 |
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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 17,200 |
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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 |
04058887 |
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Date of Incorporation |
24/08/2000 |
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Registered Office |
4 Sandpiper Ct, Calder Grove, Wakefield, W Yorks WF4 3FF |
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Date of Last Annual Return to
Registry |
24/08/2007 |
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Accounts |
The last filed accounts cover
the period to 31/08/2007 and were filed on 08/07/2008 with Companies House. |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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24/08/2007 |
Annual Return |
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31/08/2007 |
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 |
MUJEEBUDDIN ANSARI |
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Occupation |
SALES DIRECTOR |
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Address |
4 SANDPIPER COURT, CALDER GROVE , WAKEFIELD
, WEST YORKSHIRE , WF4 3FF |
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Country of Origin |
BRITISH |
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Date of Birth |
02/07/1949 |
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Appointment Date |
10/08/2007 |
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Other Appointments |
TRU GRADE INTERNATIONAL LTD |
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DIRECTOR |
KIM LORRAINE ANSARI |
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Occupation |
COMPANY DIRECTOR |
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Address |
4 SANDPIPER COURT, CALDER GROVE , WAKEFIELD
, WF4 3FF |
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Country of Origin |
BRITISH |
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Date of Birth |
06/05/1959 |
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Appointment Date |
24/08/2000 |
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Other Appointments |
TRU GRADE INTERNATIONAL LTD |
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SECRETARY |
KIM ANSARI |
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Address |
4 SANDPIPER COURT, CALDER GROVE , WAKEFIELD
, WF4 3FF |
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Country of Origin |
BRITISH |
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Date of Birth |
06/05/1959 |
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Appointment Date |
24/08/2000 |
Recently Resigned Directors (last
3)
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DIRECTOR |
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Occupation |
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Address |
, , , , |
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Country of Origin |
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Resignation Date |
24/08/2000 |
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DIRECTOR |
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Occupation |
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Address |
, , , , |
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Country of Origin |
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Resignation Date |
24/08/2000 |
Share Summary
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Share Currency: |
GBP |
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Principal Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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K L Ansari |
ORD |
1 |
1.00 |
50.00 |
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Mujeebuddin Ansari |
ORD |
1 |
1.00 |
50.00 |
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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 |
02/04/2008 |
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Date Registered |
05/04/2008 |
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Type |
395 |
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Date Created |
02/04/2008 |
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Lender |
NATIONAL WESTMINSTER 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 CHARGE OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS |
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Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Sic Code |
Description |
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5170 |
Other wholesale |
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Staff Employed |
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Financial Data
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Units |
units |
units |
units |
units |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
0 |
0 |
0 |
0 |
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TOTAL CURRENT ASSETS |
314,286 |
157,923 |
2 |
2 |
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Trade Debtors |
284,139 |
157,921 |
- |
- |
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Cash |
30,147 |
2 |
2 |
2 |
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TOTAL ASSETS |
314,286 |
157,923 |
2 |
2 |
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TOTAL CURRENT LIABILITIES |
275,615 |
152,065 |
0 |
0 |
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Other Current Liabilities |
275,615 |
152,065 |
- |
- |
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WORKING CAPITAL |
38,671 |
5,858 |
0 |
0 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
38,671 |
5,858 |
0 |
0 |
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SHARE CAPITAL + RESERVES |
38,671 |
5,858 |
2 |
2 |
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Issued Share Capital |
2 |
2 |
2 |
2 |
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Profit and Loss account |
38,669 |
5,856 |
0 |
0 |
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SHAREHOLDERS FUNDS |
38,671 |
5,858 |
2 |
2 |
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CAPITAL EMPLOYED |
38,671 |
5,858 |
2 |
2 |
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TANGIBLE NET WORTH |
38,671 |
5,858 |
2 |
2 |
Key Credit Ratios
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Accounts Date |
31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Current Ratio |
1.14 |
1.04 |
- |
- |
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Quick Ratio |
- |
- |
- |
- |
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T.N.W/Total Assets |
0.12 |
0.04 |
1.00 |
1.00 |
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Solvency (%) |
712.72 |
2595.85 |
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- |
Financial Summary
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Working Capital |
The company's working capital improved in the period by
560% |
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Tangible Net Worth |
Net worth increased by 32,813 during the period and now
stands at GBP 38,671,units |
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Long Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 0% in the previous period |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.82 |
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UK Pound |
1 |
Rs.80.01 |
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Euro |
1 |
Rs.63.83 |
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%)