MIRA INFORM REPORT

 

 

Report Date :

15.07.2011

 

IDENTIFICATION DETAILS

 

Name :

DAYMOUNT LIMITED

 

 

Registered Office :

C/O Taylors, Battle House, 1 East Barnet Road, Hertfordshire, EN4 8RR.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2009

 

 

Date of Incorporation :

14.02.1994

 

 

Com. Reg. No.:

02897794

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Importers and exporters of electronic components.

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

Payment Behaviour :

Unknown

Litigation :

--

 

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Company Identification Details

 

Subject Reported on

DAYMOUNT LIMITED

Registration Number

02897794

VAT Number

GB719173917

Address

1ST FLOOR BATTLE HOUSE, 1 EAST BARNET ROAD, BARNET, HERTFORDSHIRE, EN4 8RR.

Telephone

020 8349 0039

Facsimile

020 8371 0333

Email

info@daymount.freeserve.co.uk

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

02897794

VAT Number

GB719173917

Subject Status

Trading

Date of Incorporation

14/02/1994

Registered Office

C/O TAYLORS, BATTLE HOUSE, 1 EAST BARNET ROAD, HERTFORDSHIRE, EN4 8RR.

History

31/01/2005 : The Registered Office address changed from C/O TAYLORS BATTLE HOUSE, 1 EAST BARNET ROAD,.

 

7/08/2004 : The Registered Office address changed from 4 LITTLE COMMON, STANMORE, MIDDLESEX, HA7 3B.

 

25/02/2000 : The Registered Office address changed from 4 LITTLE COMMON, STANMORE, MIDDLESEX, HA7 3B.

 

13/10/1994 : The Registered Office address changed from SUITE 8479, 72 NEW BOND STREET, LONDON, W1Y.

Date of Last Annual Return to Registry

14/02/2011

Accounts

The last filed accounts at Companies House are those to 31/03/2009

Accounting Reference Date

31/03

 

 

 

Operations

 

 

Activities

Importers and exporters of electronic components.

Nace Code

5119

Premises

Rented,Offices

Staff Employed

1

Import Countries

INDIA, SINGAPORE, FAR EAST

Export Countries

ALL OVER THE WORLD

Bankers

BILBADVIZCAYAARGENTI

Address

CANNON ST LONDON.

Sort Code

235911

Auditors

Taylors

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

1

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

10/09/2010

Miscellaneous

02/08/2007

Miscellaneous

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

Period

Last 72 Months

Last 36 Months

Amount Summary

1,667

1,667

Count Summary

1

1

 

Details of the most recent CCJ's/Scottish Decrees

 

Date

Amount

Type

Case No

Satisfied

Court

18/06/2009

1,667

Judgment

9QG68758

31/08/2009

NORTHAMPTON CCBC

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

17/02/2009

Companies House

Notice of striking-off action discontinued

29/01/2009

Companies House

First notification of strike-off action in London Gazette (section 652)

23/01/2009

Companies House Gazette

First notice from Companies House to dissolve company in 3 months

12/09/2007

Companies House Gazette

Change among directors of a company

31/01/2005

Companies House Gazette

Change among directors of a company

30/06/2000

Companies House Gazette

Change among directors of a company

17/01/1997

Companies House Gazette

Change among directors of a company

13/10/1994

Companies House Gazette

Change among directors of a company

 

 

 

Directors

 

 

Director

MR NITESH JUTHANI

Service Address

C/O TAYLORS, BATTLE HOUSE, 1 EAST BARNET ROAD, HERTFORDSHIRE, EN4 8RR.

Country of Origin

UNITED KINGDOM

Date of Birth

17/12/1968

Appointment Date

01/03/2007

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

75,000

Principal Shareholder

75,000 Ickfield Ltd

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

Holding Company

Ickfield Ltd, a company incorporated in ISLE OF MAN

Ultimate Parent

ICKFIELD LTD, a company incorporated in ISLE OF MAN

 

 

 

Financial Data– Statutory Accounts

 

 

For annual accounts images, view the

 

Profit and Loss

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2009

31/03/2008

31/03/2007

31/03/2006

Currency

GBP

GBP

GBP

GBP

SALES

12339

9072

8933

4349

Cost of goods sold

12219

8913

8843

4308

GROSS PROFIT

120

159

90

41

Wages and Salaries

 

 

6

6

Directors Emoluments

6

6

 

 

Auditors Fees

2

2

 

 

Trading Profit

57

102

62

21

OPERATING PROFIT

57

102

62

21

Interest Payable

37

63

40

6

PRE TAX PROFIT

20

39

22

15

Taxation

4

8

4

1

PROFIT AFTER TAX

16

31

18

14

RETAINED PROFITS

16

31

18

14

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2009

31/03/2008

31/03/2007

31/03/2006

Currency

GBP

GBP

GBP

GBP

TOTAL CURRENT ASSETS

3841

1953

1896

651

Trade debtors

3675

1437

1895

411

Stocks

162

514

 

146

Other Current Assets

4

2

1

94

Misc Current Assets

1

1

1

 

Cash

3

1

 

94

TOTAL ASSETS

3841

1953

1896

651

TOTAL CURRENT LIABILITIES

3624

1751

1726

499

Trade creditors

3498

1622

1564

446

Short Term Loans

56

56

153

50

Bank Overdraft

 

 

1

1

Due To Group

56

56

152

49

Other Liabilities

70

73

9

3

WORKING CAPITAL

217

202

170

152

NET ASSETS/(LIABILITIES)

217

202

170

152

SHARE CAPITAL + RESERVES

217

202

170

152

Share Cap + Sundry Res

75

75

75

75

Issued Share Capital

75

75

75

75

Profit and Loss account

142

127

95

77

SHAREHOLDERS FUNDS

217

202

170

152

CAPITAL EMPLOYED

217

202

170

152

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2009

31/03/2008

31/03/2007

31/03/2006

Currency

GBP

GBP

GBP

GBP

Net Cashflow from Oper.

43

65

(54)

98

Increase in Cash

2

1

(94)

93

Directors Remuneration

6

6

 

 

Auditors Remuneration

2

2

 

 

Liquid Assets

3678

1438

1895

505

Net Working Capital

217

202

170

152

Tangible Net Worth(T.N.W)

217

202

170

152

Equity

217

202

170

152

Number of Years Trading

15

14

13

12

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/03/2009

31/03/2008

31/03/2007

31/03/2006

Current Ratio

1.1

1.1

1.1

1.3

Pre Tax Profit Margin%

0.2

0.4

0.2

0.3

Gross Profit%

1

1.8

1

0.9

Debtors Days (D.S.O)

109

58

77

34

Creditors Days (D.P.O)

103

65

64

37

Quick Ratio

1

0.8

1.1

1

W.I.P/Inventory Days

4.8

21

 

12.4

Return on Investment%

20.9

39.5

19.2

10.4

Return on Assets%

0.5

2

1.2

2.3

T.N.W/Total Assets%

5.6

10.3

9

23.3

Return on Capital%

9.2

19.3

12.9

9.9

Rtn on Shareholders Funds%

9.2

19.3

12.9

9.9

Working Capital/Sales%

1.8

2.2

1.9

3.5

Borrowing Ratio%

25.8

27.7

90

32.9

Equity Gearing%

6

11.5

9.8

30.5

Stock Turnover

76.2

17.6

 

29.8

Days Purchases Outstanding

104.5

66.4

64.6

37.8

 

 

 

Key Industry Sector Trends

 

 

Year

2011

2010

2009

2008

Sample Size

387

10177

13869

14083

Pre-Tax Profit Margin

32.7

10.6

8.7

8.8

Current Ratio

1.7

1.6

1.6

1.6

Borrowing Ratio

1.2

74.9

74.7

101.9

Return on Capital

82.7

60.8

52.7

57.7

Creditors Days

237

245

202

305

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale on a fee or contract basis

 

 

 

Financial Summary

 

 

Accounts

Please note the company is overdue in filing its accounts.

 

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2009.

 

Turnover

Turnover increased by 36 % in the period and now totals GBP 12,339,000.

 

Operating Profit

Totalled GBP 57,000. In the year prior a Profit of GBP 102,000 was achieved.

 

Pre Tax Profit

The subject's profit decreased by 48 % over the previous year.

 

Working Capital

The subject's working capital has improved by 15,000 in the period.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.53

UK Pound

1

Rs.71.80

Euro

1

Rs.63.15

 

 

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

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

--

NB

                                       New Business

 

--

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.