MIRA
INFORM REPORT
|
Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
|
Name : |
EMMARK UK LIMITED |
|
|
|
|
Registered Office : |
Emmark Hse, 5 Carlisle Dr Pudsey, Leeds, W Yorks LS28 5QS |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.10.2007 |
|
|
|
|
Date of Incorporation : |
02.08.1988 |
|
|
|
|
Com. Reg. No.: |
02283060 |
|
|
|
|
Legal Form : |
Private Limited Liability Company (GB) |
|
|
|
|
Line of Business : |
Wholesalers of Tractor Parts |
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 : |
GBP 97,900 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
|
|
|
Subject Reported on |
EMMARK UK LIMITED |
|
Trading Address |
Emmark Ho,5 Carlisle Dr, Pudsey,PUDSEY,LS28 8QS |
|
|
|
|
Telephone |
01132-552344 |
|
|
|
|
|
|
There is a high degree of confidence this company will
prove good for the assigned Credit Limit |
|
|
|
|
|
|
Credit Limit |
GBP 97,900 |
|
|
|
Selling to this company? The Credit Limit is the recommended
maximum outstanding debtor exposure at any one time. |
|
|
|
|
|
|
Contract Limit |
GBP 610,300 |
|
|
|
Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
|
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
02283060 |
|
Date of Incorporation |
02/08/1988 |
|
Registered Office |
Emmark Hse, 5 Carlisle Dr Pudsey, Leeds, W Yorks LS28 5QS |
|
Date of Last Annual Return to
Registry |
21/12/2007 |
|
Activities |
Wholesalers of tractor parts |
|
Accounts |
The last filed accounts cover
the period to 31/10/2007 and were filed on 16/07/2008 with Companies House. |
Recently Filed Documents
Details
of the most recent documents
|
Date
Received |
Description |
|
21/12/2007 |
Annual Return |
|
31/10/2007 |
Financial Statement / Set of Accounts |
|
It should be noted that there is no legal requirement to
file satisfaction details of mortgages/charges at Companies House. |
Known Directors
|
|
|
|
|
DIRECTOR |
|
|
|
Occupation |
COMPANY DIRECTOR |
|
|
Address |
MILL HILL BARN, SANDS LANE , ,
, YO8 7DH |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
21/03/1961 |
|
|
Appointment Date |
22/12/1991 |
|
|
Other Appointments |
EMMARK UK LIMITED |
|
|
DIRECTOR |
|
|
|
Occupation |
MANAGING DIRECTOR |
|
|
Address |
GROVE HOUSE 95 RODLEY LANE, , ,
, LS13 1NG |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
16/12/1948 |
|
|
Appointment Date |
// |
|
|
Other Appointments |
EMMARK UK LIMITED |
|
|
DIRECTOR |
MS MARGARET EILEEN TILLOTSON |
|
|
Occupation |
|
|
|
Address |
GROVE HOUSE 95 RODLEY LANE, , ,
, LS13 1NG |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
23/06/1952 |
|
|
Appointment Date |
// |
|
|
Other Appointments |
EMMARK UK LIMITED |
|
|
SECRETARY |
MS MARGARET TILLOTSON |
|
|
Address |
GROVE HOUSE 95 RODLEY LANE, , LEEDS , WEST
YORKSHIRE , LS13 1NG |
|
|
Country of Origin |
BRITISH |
|
|
Date of Birth |
23/06/1952 |
|
|
Appointment Date |
// |
Recently Resigned Directors (last 3)
|
|
|
|
DIRECTOR |
MS TRACEY JANE KNOWLES |
|
Occupation |
Company Director |
|
Address |
74 FALL LANE , EAST ARDSLEY , WAKEFIELD ,
, WF3 2BX |
|
Country of Origin |
British |
|
Date of Birth |
23/02/1963 |
|
Resignation Date |
30/05/2003 |
|
DIRECTOR |
MR JAMES PETER SHAW |
|
Occupation |
Operations Director |
|
Address |
MARFLEET HOUSE , HEIGHTS LANE ELDWICK , BRADFORD
, WEST YORKSHIRE , BD16 3AB |
|
Country of Origin |
British |
|
Date of Birth |
08/02/1940 |
|
Resignation Date |
30/09/1996 |
|
DIRECTOR |
MR EDWARD ARTHUR GAYLOR |
|
Occupation |
Company Director |
|
Address |
2 WESTFIELD MANOR FOUR OAKS , , SUTTON
COLDFIELD , WEST MIDLANDS , B75 5QE |
|
Country of Origin |
British |
|
Date of Birth |
11/02/1943 |
|
Resignation Date |
31/01/1992 |
Share Summary
|
Share Currency: |
GBP |
||||||||
|
|
|||||||||
|
Principal Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
|
|
|
|
|
|
M E Tillotson |
ORD |
129,100 |
129,100.00 |
100.00 |
|
|
|
|
|
|
Mr Paul S Rhodes |
ORD |
300 |
300.00 |
0.00 |
|
|
|
|
|
Mortgages and Charges
|
|
|
|
Total Registered |
2 |
|
Total Outstanding |
2 |
|
Total Satisfied |
0 |
|
Most Recent Mortgage |
16/09/1997 |
|
|
|
|
|
|
|
Date Registered |
18/09/1997 |
|
Type |
395 |
|
Date Created |
16/09/1997 |
|
Lender |
MARGARET EILEEN TILLOTSON |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
|
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 |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
22/04/1994 |
|
Type |
395 |
|
Date Created |
18/04/1994 |
|
Lender |
NATIONAL WESTMINSTER BANK PLC |
|
Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Details |
A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND
LEASEHOLD PROPERTIES ANDOR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING
CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE
INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
|
Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
|
|
|
|
Activities |
Wholesalers of tractor parts |
|
Sic Code |
Description |
|
5030 |
Sale of motor vehicle parts and accessories |
|
Staff Employed |
17 |
|
Auditors |
Firth Parish |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
National Westminster Bank PLC 29 Boar Lane |
|
Sort Codes |
560054 |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/10/2007 |
31/10/2006 |
31/10/2005 |
31/10/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/10/2007 |
31/10/2006 |
31/10/2005 |
31/10/2004 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
23,650 |
31,532 |
39,668 |
34,192 |
|
Total Fixed Assets |
23,650 |
31,532 |
39,668 |
34,192 |
|
TOTAL CURRENT ASSETS |
1,810,867 |
1,842,733 |
1,687,488 |
1,852,172 |
|
Stocks |
834,866 |
1,013,490 |
809,875 |
1,065,651 |
|
Trade Debtors |
975,682 |
828,716 |
874,399 |
785,962 |
|
Cash |
319 |
527 |
3,214 |
559 |
|
TOTAL ASSETS |
1,834,517 |
1,874,265 |
1,727,156 |
1,886,364 |
|
TOTAL CURRENT LIABILITIES |
768,669 |
949,585 |
818,689 |
987,454 |
|
Other Current Liabilities |
768,669 |
949,585 |
818,689 |
987,454 |
|
WORKING CAPITAL |
1,042,198 |
893,148 |
868,799 |
864,718 |
|
TOTAL LONG TERM LIABS |
150,346 |
152,527 |
156,735 |
150,929 |
|
Other Long Term Liabilities |
150,346 |
152,527 |
156,735 |
150,929 |
|
NET ASSETS/(LIABILITIES) |
1,065,848 |
924,680 |
908,467 |
898,910 |
|
SHARE CAPITAL + RESERVES |
915,502 |
772,153 |
751,732 |
747,981 |
|
Issued Share Capital |
129,400 |
129,400 |
129,400 |
129,400 |
|
Profit and Loss account |
786,102 |
642,753 |
622,332 |
618,581 |
|
SHAREHOLDERS FUNDS |
915,502 |
772,153 |
751,732 |
747,981 |
|
CAPITAL EMPLOYED |
1,065,848 |
924,680 |
908,467 |
898,910 |
|
TANGIBLE NET WORTH |
915,502 |
772,153 |
751,732 |
747,981 |
Key Credit Ratios
|
Accounts Date |
31/10/2007 |
31/10/2006 |
31/10/2005 |
31/10/2004 |
|
Current Ratio |
2.36 |
1.94 |
2.06 |
1.88 |
|
Quick Ratio |
1.27 |
0.87 |
1.07 |
0.80 |
|
T.N.W/Total Assets |
0.50 |
0.41 |
0.44 |
0.40 |
|
Equity Gearing |
0.06 |
0.05 |
0.05 |
0.05 |
|
Solvency (%) |
100.38 |
142.73 |
129.76 |
152.19 |
Financial Summary
|
Working
Capital |
The company's working capital improved in the period by
17% |
|
Tangible
Net Worth |
Net worth increased by 143,349 during the period and now
stands at GBP 915,502,units |
|
Fixed
Assets |
The subjects fixed assets reduced during the period by GBP
7,882 to GBP 23,650,units and are now 1% of total assets compared
with 2% in the previous period |
|
Long
Term Liabilities |
The company's long term liabilities reduced during the
period by 1% and are now 16% of net worth compared with 20% in the previous
period |
|
Long
Term Liabilities |
Long term liabilities are now 8% of total assets compared
with 8% in the previous period |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.89 |
|
UK Pound |
1 |
Rs.78.86 |
|
Euro |
1 |
Rs.63.33 |
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%)