MIRA INFORM REPORT

 

 

Report Date :           

09.06.2011

 

IDENTIFICATION DETAILS

 

Name :

CERAMIC IMPORT AND MANUFACTURING COMPANY LIMITED

 

 

Registered Office :

Murraysgate Industrial Estate, Whitburn, West Lothian, Eh47 0ld

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

07.09.1988

 

 

Com. Reg. No.:

SC113315

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale supply of ceramic goods and lighting products.

 

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 :

£105,000

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

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 summary

 

Top of Form

Company Name

CERAMIC IMPORT AND MANUFACTURING COMPANY LIMITED

Company Number

SC113315

Registered Address

MURRAYSGATE INDUSTRIAL ESTATE

Trading Address

Murraysgate Industrial Estate
Whitburn
Bathgate
West Lothian
EH47 0LE

 

WHITBURN

 

 

WEST LOTHIAN

 

 

EH47 0LD

 

 

 

 

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

07/09/1988

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

31/03/2011

Date of Change

-

Share Capital

£100

Sic Code

3663

Currency

GBP

Sic Description

OTHER MANUFACTURING (NOT ELSEWHERE CLASSIFIED)

Principal Activity

Wholesale supply of ceramic goods and lighting products.

 

Accounts Due Date 30/03/2012

Credit Limit

 

Limit

£105,000

Previous Limit

£25,000

Contract Limit

£210,000

 

 

 

 

Commentary

 

No exact match CCJs are recorded against the company.

The company's credit rating has increased from 31 to 86 which indicates very good creditworthiness.

The credit limit on this company has risen 320% in comparison to the previously suggested credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth increased by 18.6%.

A 10.3% growth in Total Assets occurred in the previous 12 month trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an decrease in their Cash Balance of 7.6% in the previous 12 month trading period.

The audit report contains no adverse comments.

No recent changes in directorship are recorded.

The company is not part of a group.

The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.

The company was established over 22 years ago.

 

 

Last 3 Years Credit Limit

 

Date

Limit

31/12/2010

£100,000

31/12/2009

£47,000

31/12/2008

£175,000

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

30/06/2010

-

-

£2,191,010

-

30/06/2009

-

-

£1,846,735

-

30/06/2008

-

-

£1,871,702

-

 

 

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

0

 

 

 

Exact CCJ Details

 

There are no exact CCJ details

Possible CCJ Details

 

There are no possible CCJ details

 

 

Writ Details

 

There are no writ details

 

 

Mortgage Summary

 

Outstanding

1

Satisfied

1

 

 

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

4

 

 

Current Directors

 

Name

Gulnaz Ismail

Date of Birth

16/12/1960

Officers Title

 

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

17/02/1992

 

 

Address

53a Stirling Road,  ,  Edinburgh,  EH5 3JB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Zaher Sadrudim Ismail

Date of Birth

10/08/1960

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

28/09/1990

 

 

Address

53a Stirling Road,  ,  Edinburgh,  EH5 3JB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Gulnaz Ismail

Date of Birth

16/12/1960

Officers Title

 

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

17/02/1992

 

 

Address

53a Stirling Road,  ,  Edinburgh,  EH5 3JB

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Top 20 Shareholders

 

Name

Individual Share Value

Z.S. ISMAIL

75 ORDINARY GBP 1.00

GULNAZ ISMAIL

25 ORDINARY GBP 1.00

 

 

Profit & Loss

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

£3,856,960

1.5%

£3,798,602

Export

-

-

-

-

-

-

£250,401

-13.6%

£289,789

Cost of Sales

-

-

-

-

-

-

£2,326,644

-4.4%

£2,433,133

Gross Profit

-

-

-

-

-

-

£1,530,316

12.1%

£1,365,469

Wages & Salaries

-

-

-

-

-

-

£751,621

3.1%

£729,153

Directors Emoluments

-

-

-

-

-

-

£65,550

1.8%

£64,400

Operating Profit

-

-

-

-

-

-

£464,487

77.2%

£262,178

Depreciation

£22,966

-5.8%

£24,377

-20.6%

£30,697

-43.4%

£54,275

-20.4%

£68,192

Audit Fees

-

-

-

-

-

-

£5,250

5%

£5,000

Interest Payments

-

-

-

-

-

-

£51,531

0.1%

£51,499

Pre Tax Profit

-

-

-

-

-

-

£431,183

104.2%

£211,204

Taxation

-

-

-

-

-

-

-£107,814

-111%

-£51,096

Profit After Tax

-

-

-

-

-

-

£323,369

102%

£160,108

Dividends Payable

-

-

-

-

-

-

-

-100%

£22,439

Retained Profit

-

-

-

-

-

-

£323,369

134.9%

£137,669

 

Balance Sheet

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Tangible Assets

£121,387

10.7%

£109,645

-17.8%

£133,379

-84.4%

£857,544

-5.9%

£911,014

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£121,387

10.7%

£109,645

-17.8%

£133,379

-84.4%

£857,544

-5.9%

£911,014

Stock

£1,365,597

4.3%

£1,309,924

6.8%

£1,226,790

14.5%

£1,071,032

-23.7%

£1,404,496

Trade Debtors

£1,316,860

29.1%

£1,020,053

59.4%

£640,051

-8.2%

£697,086

33.9%

£520,682

Cash

£649,079

-7.6%

£702,818

106.5%

£340,384

-46.2%

£633,154

187.6%

£220,170

Other Debtors

£148,273

19.7%

£123,848

185.9%

£43,313

-57.5%

£101,952

-33.3%

£152,762

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£3,479,809

10.2%

£3,156,643

40.3%

£2,250,538

-10.1%

£2,503,224

8.9%

£2,298,110

Trade Creditors

£1,392,344

-1.9%

£1,419,553

177.1%

£512,215

370.3%

£108,918

-40.4%

£182,785

Bank Loans & Overdrafts

0

-

0

-

0

-100%

£99,211

6.4%

£93,273

Other Short Term Finance

0

-

0

-

0

-

0

-100%

£650

Miscellaneous Current Liabilities

0

-

0

-

0

-100%

£374,796

-11.2%

£422,178

Total Current Liabilities

£1,392,344

-1.9%

£1,419,553

177.1%

£512,215

-12.1%

£582,925

-16.6%

£698,886

Bank Loans & Overdrafts and LTL

£17,842

-

0

-

0

-100%

£634,375

-7.4%

£685,201

Other Long Term Finance

0

-

0

-

0

-

0

-100%

£589,028

Total Long Term Liabilities

£17,842

-

0

-

0

-100%

£535,164

-9.6%

£591,928

 

 

Capital & Reserves

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£2,190,910

18.6%

£1,846,635

-1.3%

£1,871,602

-16.5%

£2,241,579

16.9%

£1,918,210

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-100%

£1,000

-

-

Shareholder Funds

£2,191,010

18.6%

£1,846,735

-1.3%

£1,871,702

-16.5%

£2,242,679

16.9%

£1,918,310

Other Financial Items

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Net Worth

£2,191,010

18.6%

£1,846,735

-1.3%

£1,871,702

-16.5%

£2,242,679

16.9%

£1,918,310

Working Capital

£2,087,465

20.2%

£1,737,090

-0.1%

£1,738,323

-9.5%

£1,920,299

20.1%

£1,599,224

Total Assets

£3,601,196

10.3%

£3,266,288

37%

£2,383,917

-29.1%

£3,360,768

4.7%

£3,209,124

Total Liabilities

£1,410,186

-0.7%

£1,419,553

177.1%

£512,215

-54.2%

£1,118,089

-13.4%

£1,290,814

Net Assets

£2,191,010

18.6%

£1,846,735

-1.3%

£1,871,702

-16.5%

£2,242,679

16.9%

£1,918,310

 

Cash Flow

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Net Cashflow from Operations

-

-

-

-

-

-

£537,360

-32.1%

£791,579

Net Cashflow before Financing

-

-

-

-

-

-100%

£461,560

245.3%

-£317,633

Net Cashflow from Financing

-

-

-

-

-

-

-£48,576

89.6%

-£469,027

Increase in Cash

-

-

-

-

-

-

£412,984

172.8%

£151,394

 

 

Miscellaneous

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£2,208,852

19.6%

£1,846,735

-1.3%

£1,871,702

-32.6%

£2,777,843

10.7%

£2,510,238

Number of Employees

-

-

-

-

-

-

49

-9.3%

54

Auditors

RSM TENON AUDIT LIMITED

Auditor Comments

The audit report contains no adverse comments

Bankers

CLYDESDALE BANK

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

30/06/10

30/06/09

30/06/08

30/06/07

30/06/06

Pre-tax profit margin %

-

-

-

11.18

5.56

Current ratio

2.50

2.22

4.39

4.29

3.29

Sales/Net Working Capital

-

-

-

2.01

-

Gearing %

0.80

0

0

28.30

35.70

Equity in %

60.80

56.50

78.50

66.70

59.80

Creditor Days

-

-

-

10.28

17.56

Debtor Days

-

-

-

65.79

50.03

Liquidity/Acid Test

1.51

1.30

1.99

2.46

1.28

Return On Capital Employed %

-

-

-

15.52

8.41

Return On Total Assets Employed %

-

-

-

12.82

6.58

Current Debt Ratio

0.63

0.76

0.27

0.25

0.36

Total Debt Ratio

0.64

0.76

0.27

0.49

0.67

Stock Turnover Ratio %

-

-

-

27.77

36.97

Return on Net Assets Employed %

-

-

-

19.23

11.01

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

 

12/04/2011

New Accounts Filed

 

15/10/2010

Annual Returns

 

10/04/2010

New Accounts Filed

 

26/10/2009

Annual Returns

 

08/05/2009

New Accounts Filed

 

15/04/2009

Annual Returns

 

07/05/2008

New Accounts Filed

 

10/05/2007

New Accounts Filed

 

09/05/2006

New Accounts Filed

 

05/05/2005

New Accounts Filed

 

11/11/2004

Annual Returns

 

05/05/2004

New Accounts Filed

 

04/05/2004

New Accounts Filed

 

11/03/2004

company principal activities

 

11/03/2004

new account

 

 

Limit History

 

Date

Limit

12/04/2011

£105,000

08/04/2011

£25,000

02/04/2011

-

19/03/2011

£25,000

10/04/2010

£100,000

20/03/2010

£0

06/03/2010

£100,000

23/10/2009

£47,000

08/05/2009

£43,000

06/05/2009

£0

 

 

Previous Company Names

 

No Previous Names found

 

 

Group Structure Summary

 

Company Name

CERAMIC IMPORT AND MANUFACTURING COMPANY LIMITED

Company Number

SC113315

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

Group structure

 

No group structure

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.61

UK Pound

1

Rs.73.28

Euro

1

Rs.65.47

 

 

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.