MIRA INFORM REPORT

 

 

Report Date :

21.05.2008

 

 

IDENTIFICATION DETAILS

 

Name :

MONTEAGLE INTERNATIONAL LTD

 

 

Registered Office :

Langtry House, La Motte Street, St. Helier.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.09.2007

 

 

Date of Incorporation :

17.02.2005

 

 

Com. Reg. No.:

0076757J

 

 

Legal Form :

Private Limited Liability Company (GB)

 

 

Line of Business :

Import and Export of Durable Goods   

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

US Dollar   490,400

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

 

 

Company Identification Details

 

 

Subject Reported on

MONTEAGLE INTERNATIONAL LTD

Trading Address

62 OAKLANDS RD,LONDON,NW2 6DG

 

 

Telephone

020-7448-8950

 

 

 

 

There is a high degree of confidence this company will prove good for the assigned Credit Limit

 

 

 

 

Credit Limit

US Dollar   490,400

 

 

Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.

 

 

 

 

Contract Limit

US Dollar   2,964,600

 

 

Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.

 

 

 

Significant Event

                                                  

Please note legal structure change

 

 

Official Company Data

 

 

Legal Form

Private Limited Liability Company (GB)

Registration Number

0076757J

Date of Incorporation

17/02/2005

Registered Office

Langtry House, La Motte Street, St. Helier.

Activities

Import and export durable goods   

 

 

Recently Filed Documents

Details of the most recent documents

Date Received

Description

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

Known Directors

 

 

DIRECTOR

MR  MARK  HOTGSON

  Occupation

 

  Address

 

  Country of Origin

 

  Date of Birth

-

  Appointment Date

09/01/2007

DIRECTOR

MR  MARK  HOTGSON

  Occupation

 

  Address

 

  Country of Origin

 

  Date of Birth

-

  Appointment Date

09/01/2007

SECRETARY

MR  WARWICK MARSHALL

  Address

 

  Country of Origin

 

  Appointment Date

09/01/2007

SECRETARY

MR  WARWICK MARSHALL

  Address

 

  Country of Origin

 

  Appointment Date

09/01/2007

 

 

Recently Resigned Directors (last 3)

 

None

 

 

Share Summary

 

Share information is not held for this company.

 

 

Mortgages and Charges

                                                  

There are no mortgages                

 

 

 

 

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

 

Operations

 

 

Activities

Import and export durable goods   

Sic Code

Description

5170

Other wholesale

Staff Employed

3

 

 

Financial Data

 

Profit and Loss

 

 

Number of Weeks

52

Accounts Date

30/09/2007

Currency

US Dollar

Units

units

Consolidated?

No

SALES

18,406,761

-

-

-

Cost of goods sold

16,469,124

-

-

-

GROSS PROFIT

1,937,637

-

-

-

General administration costs (-)

1,216,780

-

-

-

Net Operating Profit(Loss)

720,857

-

-

-

Non Trading Income

1,836

-

-

-

Total Non Trading Income

1,836

-

-

-

Interest expenses & similar (-)

36,984

-

-

-

Financial Expenses

36,984

-

-

-

PRE TAX PROFIT

685,709

-

-

-

PROFIT AFTER TAX

685,709

-

-

-

Net Profit

685,709

-

-

-

Dividends Payable

0

-

-

-

RETAINED PROFITS

685,709

-

-

 

 

 

 

Balance Sheet

 

 

Number of Weeks

52

Accounts Date

30/09/2007

Currency

US Dollar

Units

units

Consolidated?

No

TOTAL FIXED ASSETS

0

TOTAL CURRENT ASSETS

5,153,114

 Trade Debtors

1,284,816

-

-

-

 Other Receivables

139,159

-

-

-

 Group Loans

3,379,669

-

-

-

 Cash

349,470

-

-

-

TOTAL ASSETS

5,153,114

 

 

 

TOTAL CURRENT LIABILITIES

1,817,908

 

 

 

 Trade Creditors

825,909

-

-

-

 Bills of exchange payable (short term)

505,147

-

-

-

 Other Current Liabilities

464,680

-

-

-

 Due From Group

22,172

-

-

-

WORKING CAPITAL

3,335,206

 

 

 

TOTAL LONG TERM LIABS

0

 

 

 

NET ASSETS/(LIABILITIES)

3,335,206

 

 

 

SHARE CAPITAL + RESERVES

3,335,206

 

 

 

 Issued Share Capital

20,000

-

-

-

 Profit and Loss account

3,315,206

-

-

-

SHAREHOLDERS FUNDS

3,335,206

 

 

 

CAPITAL EMPLOYED

3,335,206

 

 

 

TANGIBLE NET WORTH

3,335,206

 

 

 

 

Key Credit Ratios

 

 

Accounts Date

30/09/2007

Current Ratio

2.83

Profit Before Tax

0.04

Creditors Days (D.P.O)

18.30

Quick Ratio

-

T.N.W/Total Assets

0.65

Return on Capital

20.56

Working Capital/Sales

0.00

Stock Turnover

0.00

Solvency (%)

54.51

 

 

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions