MIRA
INFORM REPORT
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Report Date : |
03.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
B. E. MARBLE & GRANITE (FABRICATIONS) LIMITED |
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Registered Office : |
2 Craig Lelo Quarry, Bryn Saith, Marchog, Corwen Clwyd
LL21 9RY |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
19/06/1995 |
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Com. Reg. No.: |
03069696 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Marble and granite fabricators and installers |
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 : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
B. E. MARBLE & GRANITE (FABRICATIONS) LIMITED |
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Trading Address |
2 CRAIG LELO QUARRY,BRYN SAITH MARCHOG,CORWEN,LL21 9RY |
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Telephone |
01824-750187 |
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Average Risk - This company has an average risk status and
should be treated with a degree of caution |
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Credit Limit |
GBP 11,100 |
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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 67,200 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Significant Event
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Please note address change. |
Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
03069696 |
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Date of Incorporation |
19/06/1995 |
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Registered Office |
2 Craig Lelo Quarry, Bryn Saith, Marchog, Corwen Clwyd
LL21 9RY |
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Date of Last Annual Return to Registry |
19/06/2007 |
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Activities |
Marble and granite fabricators and installers
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Accounts |
The last filed accounts cover the period to 30/06/2006 and
were filed on 09/08/2007 |
Recently Filed Documents
Details of the most recent documents
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Date
Received |
Description |
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19/06/2007 |
Annual Return |
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30/06/2006 |
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 |
STONE MASON |
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Address |
ORCHARD HOUSE FFORDD LAS , LLANDYRNOG , DENBIGH
, CLWYD , LL16 4LR |
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Country of Origin |
BRITISH |
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Date of Birth |
28/08/1940 |
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Appointment Date |
01/11/1996 |
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Other Appointments |
B. E. MARBLE & GRANITE (FABRICATIONS) LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
ORCHARD HOUSE FFORDD LAS , LLANDYRNOG , DENBIGH
, CLWYD , LL16 4LR |
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Country of Origin |
BRITISH |
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Date of Birth |
22/07/1941 |
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Appointment Date |
19/06/1995 |
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Other Appointments |
B. E. MARBLE & GRANITE (FABRICATIONS) LIMITED |
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DIRECTOR |
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Occupation |
STONE MASON |
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Address |
6, TY NEWYDD PWLL NAID LLANELIDAN , RUTHIN
, CLWYD , LL15 2TE |
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Country of Origin |
BRITISH |
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Date of Birth |
20/05/1969 |
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Appointment Date |
15/12/1999 |
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Other Appointments |
B. E. MARBLE & GRANITE (FABRICATIONS) LIMITED |
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DIRECTOR |
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Occupation |
SALES DIRECTOR |
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Address |
EYARTH BACH , LLANFAIR D C , RUTHIN
, CLWYD , LL15 2EG |
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Country of Origin |
BRITISH |
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Date of Birth |
16/01/1963 |
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Appointment Date |
10/05/2002 |
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Other Appointments |
B. E. MARBLE & GRANITE (FABRICATIONS) LIMITED |
Recently Resigned Directors (last
3)
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DIRECTOR |
HELEN MARY MILL |
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Occupation |
OFFICE ADMINISTRATOR |
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Address |
2 , ERW LAS , RUTHIN , CLWYD
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
29/07/1947 |
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Resignation Date |
01/06/2007 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Anne Williams |
ORD |
220 |
217.80 |
2.00 |
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Mrs Sylvia May Evans |
ORD |
100 |
99.00 |
1.00 |
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Mrs Sylvia May Evans |
ORD |
8,571 |
8,485.29 |
96.00 |
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Mortgages and Charges
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Total Registered |
3 |
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Total Outstanding |
3 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
22/10/2007 |
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Date Registered |
31/10/2007 |
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Type |
395 |
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Date Created |
22/10/2007 |
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Lender |
BANK OF SCOTLAND 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 |
FH PLOT 12 AND PLT 14 CRAIG LELO WORKS BEING PART OF LAND
AT CRAIG LELO BRYN SAITH MARCHOG CORWEN DENBEIGHSHIRE TNO WA731827 FIXED
CHARGE ALL BUILDINGS AND OTHER STRUCTURES FIXED TO THE PROPERTY, FIXED CHARGE
ANY GOODWILL RELATING TO THE PROPERTY, FIXED CHARGE ALL PLANT MACHINERY AND
OTHER ITEMS AFFIXED TO THE PROPERTY, ASSIGNMENT OF THE RENTAL SUMS TOGETHER
WITH THE BENEFIT OF ALL RIGHTS AND REMEDIES, FIXED CHARGE THE PROCEEDS OF ANY
CLAIM MADE UNDER INSURANCE POLICY RELATING TO THE PROPERTY, FLOATING CHARGE
ALL UNATTACHED PLANT MACHINERY CHATTELS AND GOODS ON OR IN OR USED IN
CONNECTION WITH THE PROPERTY OR THE BUSINESS OR UNDERTAKING AT THE PROPERTY |
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Satisfied? |
No |
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Date Registered |
23/02/2007 |
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Type |
395 |
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Date Created |
19/02/2007 |
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Lender |
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
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Details |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING UNCALLED CAPITAL, BOOK
DEBTS, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
04/12/1996 |
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Type |
395 |
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Date Created |
03/12/1996 |
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Lender |
MIDLAND 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 UNCALLED CAPITAL GOODWILL,
BOOKDEBTS AND PATENTS SEE THE MORTGAGE CHARGE DOCUMENT 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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Activities |
Marble and granite fabricators and installers
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Sic Code |
Description |
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4521 |
General construction of buildings and civil engineering
works |
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5153 |
Wholesale of wood, construction materials and sanitary
equipment |
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Staff Employed |
6 |
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Auditors |
Hill & Roberts |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
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Bankers |
HSBC Bank Plc |
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Sort Codes |
403916 |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
125 |
145 |
112 |
128 |
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Plant, machinery & equipment |
125 |
- |
- |
- |
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TOTAL CURRENT ASSETS |
694 |
619 |
594 |
319 |
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Stocks |
245 |
167 |
243 |
166 |
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Trade Debtors |
449 |
449 |
331 |
152 |
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Cash |
1 |
3 |
20 |
1 |
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TOTAL ASSETS |
820 |
764 |
707 |
447 |
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TOTAL CURRENT LIABILITIES |
548 |
451 |
545 |
301 |
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Trade Creditors |
79 |
- |
- |
- |
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Bank Overdraft |
48 |
2 |
- |
- |
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Taxes |
57 |
- |
- |
- |
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Other Current Liabilities |
364 |
449 |
545 |
301 |
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WORKING CAPITAL |
146 |
168 |
49 |
18 |
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TOTAL LONG TERM LIABS |
151 |
242 |
111 |
112 |
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Mortgages and loans |
93 |
- |
- |
- |
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Total Hire Purchase / Leasing |
43 |
- |
- |
- |
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Other Long Term Liabilities |
15 |
242 |
111 |
112 |
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NET ASSETS/(LIABILITIES) |
272 |
313 |
161 |
146 |
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SHARE CAPITAL + RESERVES |
121 |
71 |
51 |
34 |
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Issued Share Capital |
9 |
9 |
9 |
9 |
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Share Premium Accounts |
22 |
22 |
22 |
22 |
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Profit and Loss account |
90 |
40 |
20 |
3 |
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SHAREHOLDERS FUNDS |
121 |
71 |
51 |
34 |
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CAPITAL EMPLOYED |
272 |
313 |
162 |
146 |
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TANGIBLE NET WORTH |
121 |
71 |
50 |
33 |
Key Credit Ratios
|
Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
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Current Ratio |
1.27 |
1.37 |
1.09 |
1.06 |
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Quick Ratio |
0.82 |
1.00 |
0.64 |
0.51 |
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T.N.W/Total Assets |
0.15 |
0.09 |
0.07 |
0.07 |
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Equity Gearing |
0.08 |
0.00 |
0.00 |
0.00 |
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Solvency (%) |
577.69 |
976.06 |
1312.00 |
1251.52 |
Financial Summary
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Working Capital |
The company's working capital decreased in the period by
13% |
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Tangible
Net Worth |
Net worth increased by 50,000 during the period and now
stands at GBP 121,000 |
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Fixed
Assets |
The subjects fixed assets reduced during the period by GBP
20,000 to GBP 125,000 and are now 15% of total assets compared
with 19% in the previous period |
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Long
Term Liabilities |
The company's long term liabilities reduced during the
period by 38% and are now 125% of net worth compared with 341% in the previous
period |
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Long
Term Liabilities |
Long term liabilities are now 18% of total assets compared
with 32% in 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. |
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%)