MIRA INFORM REPORT

 

 

Report Date :

10.06.2011

 

IDENTIFICATION DETAILS

 

Name :

MEDIMPEX UK LIMITED

 

 

Formerly Known As :

CHAMPION (IMPORT & EXPORT) LIMITED(THE)

 

 

Registered Office :

127 Shirland Road London W9 2EP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

27.01.1958

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Agents In Particular Products

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

£  41,000

 

 

Status :

Moderate

 

 

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

 

Summary

 

Top of Form

Company Name

MEDIMPEX UK LIMITED

Company Number

00597927

Registered Address

127 SHIRLAND ROAD

Trading Address

127 Shirland Road
London
W9 2EP

 

LONDON

 

 

 

 

 

W9 2EP

 

 

 

 

 

Website Address

http://www.medimpex.com

 

 

Telephone Number

02072662669

Fax Number

 

TPS

No

FPS

No

Incorporation Date

27/01/1958

Company Status

Active - Accounts Filed

Previous Name

CHAMPION (IMPORT & EXPORT) LIMITED(THE)

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

30/09/2010

Date of Change

25/02/1982

Share Capital

£200,008

Sic Code

5118

Currency

GBP

Sic Description

AGENTS IN PARTICULAR PRODUCTS

Principal Activity

Importers and exporters of pharmaceutical products as commission agents for various pharmaceutical producers.

Accounts Due Date 30/09/2011

 

Credit Rating & Limit

 

Todays Limit

£41,000

 

COMMENTARY

 

No exact match CCJs are recorded against the company.

The company's credit rating has increased from not rated to 44 which indicates it is creditworthy.

There has been no significant change in the company's credit limit.

The previous 12 month trading period saw a drop in Sales of 9.5%.

In the previous 12 month trading period Net Worth decreased by 5.6%.

A 22% decline in Total Assets occurred in the previous 12 month trading period.

Pre-tax profits decreased by 409.2% in the previous 12 month trading period.

The company saw an decrease in their Cash Balance of 34.2% in the previous 12 month trading period.

The audit report contains no adverse comments.

No recent changes in directorship are recorded.

The company is part of a group.

The company was established over 53 years ago.

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2009

£8,070,640

-£119,740

£1,899,545

8

31/12/2008

£8,916,899

£38,722

£2,012,585

8

31/12/2007

£9,039,674

£75,295

£2,055,382

8

 

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

4

 

 

Satisfied

1

 

 

 

 

 

 

 

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

11

 

Current Directors

 

Name

Gabor Szemere

Date of Birth

07/05/1948

Officers Title

 

Nationality

Hungarian

Present Appointments

4

Function

Director

Appointment Date

01/10/2002

 

 

Address

127 Shirland Road,  London,  ,  W9 2EP

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

 

 

Name

Erik Attila Bogsch

Date of Birth

31/10/1947

Officers Title

Mr

Nationality

Hungarian

Present Appointments

3

Function

Director

Appointment Date

01/05/1992

 

 

Address

127 Shirland Road,  London,  ,  W9 2EP

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Michael Robert Firman

Date of Birth

16/03/1947

Officers Title

Mr

Nationality

British

Present Appointments

7

Function

Company Secretary

Appointment Date

01/07/1998

 

 

Address

127 Shirland Road,  London,  ,  W9 2EP

 

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Top 20 Shareholders

 

 

Name

Individual Share Value

 

 

GEDEON RICHTER INVESTMENT MANAGEMENT LIMITED

100,004 ORDINARY GBP 1.00

 

 

CHEMICAL WORKS OF GEDEON RICHTER PLC

100,004 ORDINARY GBP 1.00

 

 

 

 

 

 

 

Profit & Loss

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£8,070,640

-9.5%

£8,916,899

-1.4%

£9,039,674

-12.7%

£10,353,890

13.9%

£9,092,075

Export

£2,596,325

-1.6%

£2,637,573

-13%

£3,030,527

-

-

-

-

Cost of Sales

£7,657,698

-7.3%

£8,257,716

-3.1%

£8,525,261

-

£9,901,008

13.9%

£8,691,658

Gross Profit

£412,942

-37.4%

£659,183

28.1%

£514,413

13.6%

£452,882

13.1%

£400,417

Wages & Salaries

£424,348

-8.2%

£462,127

11.2%

£415,480

3.8%

£400,085

18.9%

£336,497

Directors Emoluments

£110,727

-24.5%

£146,721

22.8%

£119,483

3.9%

£115,050

75.8%

£65,461

Operating Profit

-£125,727

-999.9%

£12,407

-73.4%

£46,686

275.9%

£12,419

113.6%

-£91,377

Depreciation

£25,572

-30.3%

£36,711

5.5%

£34,795

-10.5%

£38,873

80.1%

£21,584

Audit Fees

£12,500

-

£12,500

4.2%

£12,000

-

£12,000

6.7%

£11,250

Interest Payments

-

-100%

£193

-93.4%

£2,903

999.9%

£6

-98%

£293

Pre Tax Profit

-£119,740

-409.2%

£38,722

-48.6%

£75,295

49%

£50,533

16.5%

£43,390

Taxation

£26,700

216.6%

-£22,907

36.6%

-£36,150

-96%

-£18,445

-47.6%

-£12,500

Profit After Tax

-£93,040

-688.3%

£15,815

-59.6%

£39,145

22%

£32,088

3.9%

£30,890

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-£93,040

-688.3%

£15,815

-59.6%

£39,145

22%

£32,088

3.9%

£30,890

 

Balance Sheet

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Tangible Assets

£1,401,483

-3.1%

£1,447,055

-4.9%

£1,522,403

1%

£1,507,198

6%

£1,421,661

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,401,483

-3.1%

£1,447,055

-4.9%

£1,522,403

1%

£1,507,198

6%

£1,421,661

Stock

£38,017

-30.2%

£54,440

62.5%

£33,504

-69.1%

£108,422

-46.5%

£202,734

Trade Debtors

£1,102,161

-23%

£1,432,143

-2%

£1,460,957

23.3%

£1,185,327

37.9%

£859,798

Cash

£1,484,876

-34.2%

£2,258,004

85.7%

£1,215,995

-36.2%

£1,906,969

59.9%

£1,192,473

Other Debtors

£27,342

333.8%

£6,303

-93.5%

£96,381

999.9%

£8,051

-77.4%

£35,557

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£2,652,396

-29.3%

£3,750,890

33.6%

£2,806,837

-12.5%

£3,208,769

40.1%

£2,290,562

Trade Creditors

£1,951,623

-32%

£2,872,141

45.9%

£1,968,736

-23.9%

£2,586,829

45.2%

£1,781,894

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

£202,711

-35.3%

£313,219

2.7%

£305,122

87.3%

£162,901

69.4%

£96,180

Total Current Liabilities

£2,154,334

-32.4%

£3,185,360

40.1%

£2,273,858

-17.3%

£2,749,730

46.4%

£1,878,074

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

Capital & Reserves

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Called Up Share Capital

£200,008

-

£200,008

-

£200,008

-

£200,008

-

£200,008

P & L Account Reserve

£791,916

-10.5%

£884,956

3.4%

£856,268

6.5%

£804,250

5.9%

£759,289

Revaluation Reserve

£907,621

-2.2%

£927,621

-7.2%

£999,106

3.9%

£961,979

10%

£874,852

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£1,899,545

-5.6%

£2,012,585

-2.1%

£2,055,382

4.5%

£1,966,237

7.2%

£1,834,149

 

Other Financial Items

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Net Worth

£1,899,545

-5.6%

£2,012,585

-2.1%

£2,055,382

4.5%

£1,966,237

7.2%

£1,834,149

Working Capital

£498,062

-11.9%

£565,530

6.1%

£532,979

16.1%

£459,039

11.3%

£412,488

Total Assets

£4,053,879

-22%

£5,197,945

20.1%

£4,329,240

-8.2%

£4,715,967

27%

£3,712,223

Total Liabilities

£2,154,334

-32.4%

£3,185,360

40.1%

£2,273,858

-17.3%

£2,749,730

46.4%

£1,878,074

Net Assets

£1,899,545

-5.6%

£2,012,585

-2.1%

£2,055,382

4.5%

£1,966,237

7.2%

£1,834,149

 

Cash Flow

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Net Cashflow from Operations

-£757,158

-170.8%

£1,069,050

252.4%

-£701,322

-198.2%

£714,465

51.1%

£472,961

Net Cashflow before Financing

-£773,128

-174.2%

£1,042,009

250.8%

-£690,974

-196.7%

£714,496

68.2%

£424,892

Net Cashflow from Financing

-

-

-

-

-

-

-

100%

-£21,577

Increase in Cash

-£773,128

-174.2%

£1,042,009

250.8%

-£690,974

-196.7%

£714,496

60%

£446,469

 

Miscellaneous

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,899,545

-5.6%

£2,012,585

-2.1%

£2,055,382

4.5%

£1,966,237

7.2%

£1,834,149

Number of Employees

8

-

8

-

8

-

8

-

8

Auditors

HLB VANTIS AUDIT PLC

Auditor Comments

The audit report contains no adverse comments

Bankers

BARCLAYS BANK PLC

Bank Branch Code

 

 

Ratios

 

 

Date Of Accounts

31/12/09

31/12/08

31/12/07

31/12/06

31/12/05

 

Pre-tax profit margin %

-1.48

0.43

0.83

0.49

0.48

 

Current ratio

1.23

1.18

1.23

1.17

1.22

 

Sales/Net Working Capital

16.20

15.77

16.96

22.56

-

 

Gearing %

0

0

0

0

0

 

Equity in %

46.90

38.70

47.50

41.70

49.40

 

Creditor Days

88.02

117.24

79.27

90.94

71.53

 

Debtor Days

49.70

58.46

58.82

41.67

34.52

 

Liquidity/Acid Test

1.21

1.16

1.21

1.13

1.11

 

Return On Capital Employed %

-6.30

1.92

3.66

2.57

2.37

 

Return On Total Assets Employed %

-2.95

0.74

1.73

1.07

1.17

 

Current Debt Ratio

1.13

1.58

1.10

1.39

1.02

 

Total Debt Ratio

1.13

1.58

1.10

1.39

1.02

 

Stock Turnover Ratio %

0.47

0.61

0.37

1.05

2.23

 

Return on Net Assets Employed %

-6.30

1.92

3.66

2.57

2.37

 

 

 

 

 

 

Status History

 

No Status History found

 

 

 

Event History

 

Date

Description

 

12/10/2010

New Accounts Filed

 

25/06/2010

Annual Returns

 

11/11/2009

Ms A.P. Gal has left the board

 

10/11/2009

New Accounts Filed

 

10/11/2009

New Accounts Filed

 

26/05/2009

Annual Returns

 

07/11/2008

New Accounts Filed

 

11/06/2008

Annual Returns

 

12/11/2007

New Accounts Filed

 

23/07/2007

Annual Returns

 

03/11/2006

New Accounts Filed

 

14/05/2006

ISTVAN ORBAN has left the board

 

14/05/2006

New Board Member (AGNES PETERNEGAL) appointed

 

21/11/2005

New Accounts Filed

 

05/11/2004

New Accounts Filed

 

 

Previous Company Names

 

 

Date

Previous Name

Companies House Documents

 

 

25/02/1982

CHAMPION (IMPORT & EXPORT) LIMITED(THE)

 

 

 

 

 

 

 

 

Group Structure Summary

 

Company Name

MEDIMPEX UK LIMITED

Company Number

00597927

Holding Company

-

Ownership Status

Wholly Owned

Ultimate Holding Company

GEDEON RICHTER PLC

Companies in group

5

 

Group structure

 

Company Name

 

Safe Number

Registered Number

Latest Key Financials

Consol. Accounts

Rating

Limit

Turnover

GEDEON RICHTER PLC

 

 

 

-

-

-

-

 

GEDEON RICHTER INVESTMENT MA...

 

 

 

-

-

-

-

 

GEDEON RICHTER (UK) LIMITED

 

UK03974715

04325685

31.12.2009

N

N/R

-

£69,054

MEDIMPEX UK LIMITED

 

UK00275156

00597927

31.12.2009

N

44

£41,000

£8,070,640

FARNHAM LABORATORIES LIM...

 

UK01850711

02186662

31.12.2009

N

N/R

-

 



Bottom of Form

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.47

Euro

1

Rs.65.38

 

 

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.