MIRA INFORM REPORT

 

 

 

Report Date :

07.10.2008

 

IDENTIFICATION DETAILS

 

Name :

FAIRMONT & MAIN LIMITED

 

 

Registered Office :

Unit 9 Jubilee Park,  Jubilee Way, Grange Moor, West Yorkshire WF4 4T 

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2007

 

 

Date of Incorporation :

20.05.1994

 

 

Legal Form :

Private Limited with Share Capital 

 

 

Line of Business :

Wholesale of China, Wallpaper Etc.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Maximum Credit Limit :

[£] 60,000                     

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 


 

Name of the company

 

FAIRMONT & MAIN LIMITED

Number 02931622

 

 

company summary

 

 Address                                                          UNIT 9 JUBILEE PARK,
JUBILEE WAY,
GRANGE MOOR,
WEST YORKSHIRE WF4 4TD

Postcode                                                         WF4 4TD

Phone                                                              01924848300                                                 

Type                                                                 Private limited with Share Capital                      

Company Status                                               Active - Accounts Filed                                    

Incorporated Date                                              20/05/1994    

 

Todays Limit [£]                                             60,000                                                    

 

Active CCJ's                                                   0                                                             

Value of CCJ's [£]                                           £0                                                             

Number Of Writs                                             0                                                             

 

Current Directors                                            3                                                          

Total Directorships                                          6                                                          

 

Trading to Date                                       31/05/07                31/05/06                31/05/05

Turnover                                                 -                            -                            -

Shareholder Funds                                  £668,640                £753,901                £869,042

Employees                                             -                            -                            -

 

Trends                                                                             

Profitability                                                                   

Liquidity                                                                       

Shareholders Funds                                                      

 

 

 

company information

 

                                                                          Registered Address               

Telephone Number                                               01924848300  

                                            TPS                        N                                           

                                                                          Address                     

UNIT 9 JUBILEE PARK
JUBILEE WAY
GRANGE MOOR
WEST YORKSHIRE WF4 4TD

 


Trading Address

Telephone Number         01924 848300

TPS

Address

Unit 9, Jubilee Park
Jubilee Way
Grange Moor
Wakefield
WF4 4TD

                                                                                                                       

 

 

                              Web Address                                      fairmont.co.uk                    Incorporation Date  20/05/1994

                              Type of Accounts                                 Small Company                 Filing Date of Accounts      20/03/2008

                              Company Type                                    Private Limited With Share Capital       Date of Latest Accounts 31/05/2007

                              Annual Return                                     20/05/2008                           

 

 

 

            Industry:

                                                                                                                                                 Wholesale Of China, Wallpaper Etc.                                                                                                                            

                                                                                                                                                           

 

 

 

                          SIC Code       Description

                          5144   Wholesale Of China & Glassware, Wallpaper Etc

                                   

 

 

 

            Mortgage Charges

                                                                             Outstanding                                             4   Satisfied            0

                                                                                                                                               

 

 

 

            Shareholders

                                                                  Share Capital                                          100            Currency           Gbp

                                                                                                                                   

 

 

 

                                                                 Secondary Industry Code Details

           

 

                          SIC Code       Description

                          5144   Wholesale Of China & Glassware, Wallpaper Etc

 

 

 

Mortgage Details

           

 

                                      Mortgage Type:          all assets debenture

                                      Date Charge Created:                                             09/11/2006           Date Charge Registered: 15/11/2006

                                      Date Charge Satisfied:                                               Status: Outstanding

                                      Person(s) Entitled:      LLOYDS TSB COMMERCIAL FINANCE LIMITED

                                    Amount Secured:         all monies due or to become due from the company to the chargee on any account whatsoever.

                                    Details:            01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

 

 

 

                                      Mortgage Type:          mortgage

                                      Date Charge Created:                                            21/03/2006            Date Charge Registered: 28/03/2006

                                      Date Charge Satisfied:                                               Status: Outstanding

                                      Person(s) Entitled:      LLOYDS TSB BANK PLC

                                      Amount Secured:       all monies due or to become due from the company to the chargee on any account whatsoever.

                                    Details:            l/h unit 9 jubilee business park jubilee way grange moor huddersfield t/no wyk80 9165 21 together with all buildings and fixtures (including trade fixtures) fixed plantand machinery by way of fixed charge all present and future book and other debts floating charge over all moveable plant machinery implements utensils furniture and equipment by way of assignment thegoodwill of the business (if any) the full benefit of all licences and all guarantees

 

 

 

                                      Mortgage Type:          legal charge

                                      Date Charge Created:                                                 30/11/2005        Date Charge Registered: 07/12/2005

                                      Date Charge Satisfied:                                                           Status: Outstanding

                                      Person(s) Entitled:      MARSHALLS CONSTRUCTION (WEST YORKSHIRE) LIMITED

                                      Amount Secured:       £1,036,500 due or to become due from the company to the chargee

                                      Details:           unit 9 jubilee business park grange moor huddersfield west yorkshire

 

 

 

                                      Mortgage Type:          single debenture

                                      Date Charge Created:                                             29/08/1994           Date Charge Registered: 06/09/1994

                                      Date Charge Satisfied:                                               Status: Outstanding

                                      Person(s) Entitled:      LLOYDS BANK PLC

                                    Amount Secured:         all monies due or to become due from the company to the chargee on any account whatsoever.

                                    Details:            01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

 

 

 

 

Shareholders Details                     

 

 

                                                                                 Name      Shares

                                                                                 Ms Glennis Anne Harrison 50 Ordinary Gbp 1.00

                                                                                 Philip Vaughan Harrison    50 Ordinary Gbp 1.00

 

Trading Address Details                 

 

 Address

 

UNIT 9 JUBILEE WAY GRANGE MOOR WAKEFIELD WEST YORKSHIRE WF4 4TD

Unit 9, Jubilee Park Jubilee Way Grange Moor Wakefield WF4 4TD

 

Telephone Number

01924848300

 

TCPS

N

 

 

 

 

accounts

 

 

PROFIT & LOSS

 

 

Annual Accounts

06/06-05/07

Change (%)

06/05-05/06

Change (%)

06/04-05/05

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

-

-

-

-

-

 

Wages & Salaries

-

-

-

-

-

 

Directors Emoluments

-

-

-

-

-

 

Operating Profits

-

-

-

-

-

 

Depreciation

21,321

110.8 %

10,113

-4.4 %

10,582

 

Audit Fees

-

-

-

-

-

 

Interest Payments

-

-

-

-

-

 

Pre Tax Profit

-

-

-

-

-

 

Taxation

-

-

-

-

-

 

Profit After Tax

-

-

-

-

-

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-

-

-

-

-

 

BALANCE SHEET

 

 

Annual Accounts

06/06-05/07

Change (%)

06/05-05/06

Change (%)

06/04-05/05

 

Tangible Assets

1,352,487

0.3 %

1,347,850

999.9%

56,973

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

1,352,487

0.3 %

1,347,850

999.9%

56,973

 

Total Current Assets

1,139,880

15.3 %

988,562

-20.6 %

1,245,194

 

Trade Debtors

461,105

-

-

-

-

 

Stock

665,371

12.4 %

591,941

-13.5 %

684,720

 

Cash

13,404

999.9%

534

10.1 %

485

 

Other Current Assets

-

-100.0 %

396,087

-29.3 %

559,989

 

Increase In Cash

12,870

999.9%

49

-85.4 %

336

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

2,492,367

6.7 %

2,336,412

79.4 %

1,302,167

 

Total Current Liabilities

1,059,712

40.0 %

757,094

78.1 %

425,011

 

Trade Creditors

1,059,712

-

-

-

-

 

Bank Overdraft

-

-

-

-

-

 

Other Short Term Fin

-

-

-

-

-

 

Miscellaneous Current Liabilities

-

-100.0 %

757,094

78.1 %

425,011

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

764,015

-7.4 %

825,417

999.9%

8,114

 

Bank Overdraft & LTL

764,015

-7.4 %

825,417

999.9%

8,114

 

Total Liabilities

1,823,727

15.2 %

1,582,511

265.4 %

433,125

 

Net Assets

668,640

-11.3 %

753,901

-13.2 %

869,042

 

Working Capital

80,168

-65.4 %

231,468

-71.8 %

820,183

 

CAPITALS & RESERVES

 

 

Annual Accounts

06/06-05/07

Change (%)

06/05-05/06

Change (%)

06/04-05/05

 

Paid up equity

100

-

100

-

100

 

P&L Account Reserve

668,540

-11.3 %

753,801

-13.3 %

868,942

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

668,640

-11.3 %

753,901

-13.2 %

869,042

 

Net Worth

668,640

-11.3 %

753,901

-13.2 %

869,042

 

MISCELLANEOUS

 

 

Annual Accounts

06/06-05/07

Change (%)

06/05-05/06

Change (%)

06/04-05/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

1,432,655

-9.3 %

1,579,318

80.0 %

877,156

 

No of Employees

-

-

-

-

-

     

Auditors

SIMPSON WOOD

 

AuditQualification

No Adverse Comments

 

Bankers

 

 

BankBranchCode

 

 

RATIOS

 

 

Annual Accounts

06/06-05/07

06/05-05/06

06/04-05/05

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.08

1.31

2.93

 

Sales/Net Working Capital

-

0.00

0.00

 

Gearing %

114.3 %

109.5 %

0.9 %

 

Equity in %

26.8 %

32.3 %

66.7 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

0.45

0.52

1.32

 

Return On Capital Employed %

-

0.0 %

0.0 %

 

Return On Total Assets Employed %

-

0.0 %

0.0 %

 

Current Debt Ratio %

1.6 %

1.0 %

0.5 %

 

Total Debt Ratio %

2.7 %

2.1 %

0.5 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

-

0.0 %

0.0 %

 

 

 

group structure

 

No group structure for this company.

 

 

 

Status History

 

Date                                  Description

No Status History

 

 

 

 

Event History

 

 

Date                                Description

30/06/2008                       Annual Returns

31/03/2008                       New Accounts Filed

08/03/2007                       New Accounts Filed

26/06/2006                       Change In Reg.office

11/05/2006                       Change In Reg.office

11/05/2006                       Change Of Company Postcode

19/04/2006                       New Accounts Filed

28/12/2004                       New Accounts Filed

22/06/2004                       Annual Returns

17/06/2004                       Data Refresh

 

 

 

directors

                                      Name                                   Philip Vaughan Harrison           

                                      Address                                Hagg Wood House          

                                                 Woodbottom

                                                 Mirfield

                                                 West Yorkshire

                                                 WF14 8HF

                                      Officers Title                        Mr                                 Date Of Birth      24/10/1950

                                      Honours                                                                    Present Appointments   2

                                      Appointment Date                20/05/1994                     Function            Director

                                                                                                                        

 

 

 

                                      Name                                   Glennis Anne Harrison  

                                      Address                                Hagg Wood House          

                                                 Woodbottom

                                                 Mirfield

                                                 West Yorkshire

                                                 WF14 8HF

                                      Officers Title                        Mrs                               Date Of Birth      11/08/1944

                                      Honours                                                                    Present Appointments   4

                                      Appointment Date                28/10/1994                     Function            Company Secretary

                                                                                                                        

 

 

 

 


 

                                      Name                                   Glennis Anne Harrison  

                                      Address                                Hagg Wood House          

                                                 Woodbottom

                                                 Mirfield

                                                 West Yorkshire

                                                 WF14 8HF

                                      Officers Title                        Mrs                               Date Of Birth      11/08/1944

                                      Honours                                                                    Present Appointments   4

                                      Appointment Date                20/05/1994                     Function            Director

                                                                                                                        

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.48.74

UK Pound

1

Rs.85.19

Euro

1

Rs.66.12

 

 

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