MIRA INFORM REPORT

 

 

Report Date :

17.06.2011

 

IDENTIFICATION DETAILS

 

Name :

FAIRMONT & MAIN LIMITED

 

 

Registered Office :

Unit 9 Jubilee Park Jubilee Way Grange Moor Wf4 4td

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2010

 

 

Date of Incorporation :

20.05.1994

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale of China and Glassware, 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 :

£25,000

 

 

Status :

Satisfactory

 

 

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name

FAIRMONT & MAIN LIMITED

Company Number

02931622

Registered Address

UNIT 9 JUBILEE PARK

Trading Address

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

 

JUBILEE WAY

 

 

GRANGE MOOR

 

 

WF4 4TD

 

 

 

 

 

Website Address

-

 

 

Telephone Number

01924848300

Fax Number

 

TPS

No

FPS

No

Incorporation Date

20/05/1994

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

26/02/2011

Date of Change

-

Share Capital

£100

Sic Code

5144

Currency

GBP

Sic Description

WHOLESALE OF CHINA & GLASSWARE, WALLPAPER ETC

Principal Activity

Wholesale of china, wallpaper.

 

CREDIT RECOMENDATION

 

Current Credit Limit:

Todays Limit

£25,000

 

 

 

DIRECTORS/MANAGEMENT

Current Directors

 

Name

Glennis Anne Harrison

Date of Birth

11/08/1944

Officers Title

Mrs

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

20/05/1994

 

 

Address

Hagg Wood House,  Woodbottom,  Mirfield,  WF14 8HF

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Philip Vaughan Harrison

Date of Birth

24/10/1950

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

20/05/1994

 

 

Address

Hagg Wood House,  Woodbottom,  Mirfield,  WF14 8HF

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Glennis Anne Harrison

Date of Birth

11/08/1944

Officers Title

Mrs

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

28/10/1994

 

 

Address

Hagg Wood House,  Woodbottom,  Mirfield,  WF14 8HF

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

 

NEGATIVE INFORMATION

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

 

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name

Individual Share Value

MRS GLENNIS ANNE HARRISON

50 ORDINARY GBP 1.00

MR PHILIP VAUGHAN HARRISON

50 ORDINARY GBP 1.00

 

PAYMENT INFORMATION

 

Na

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure Summary

Company Name

FAIRMONT & MAIN LIMITED

Company Number

02931622

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

Group structure

No group structure

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/05/2010

-

-

£939,620

-

31/05/2009

-

-

£836,643

-

31/05/2008

-

-

£739,525

-

 

Profit & Loss

Date Of Accounts

31/05/10

(%)

31/05/09

(%)

31/05/08

(%)

31/05/07

(%)

31/05/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£22,595

-7.6%

£24,454

2%

£23,971

12.4%

£21,321

110.8%

£10,113

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

Balance Sheet

Date Of Accounts

31/05/10

(%)

31/05/09

(%)

31/05/08

(%)

31/05/07

(%)

31/05/06

Tangible Assets

£1,300,683

-1.5%

£1,320,583

-0.9%

£1,333,154

-1.4%

£1,352,487

0.3%

£1,347,850

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,300,683

-1.5%

£1,320,583

-0.9%

£1,333,154

-1.4%

£1,352,487

0.3%

£1,347,850

Stock

£636,542

-3.2%

£657,677

5%

£626,382

-5.9%

£665,371

12.4%

£591,941

Trade Debtors

£517,878

14.6%

£451,969

-4%

£470,792

2.1%

£461,105

-

0

Cash

£8,236

-35%

£12,680

-12.6%

£14,512

8.3%

£13,404

999.9%

£534

Other Debtors

0

-

0

-

0

-

0

-100%

£396,087

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,162,656

3.6%

£1,122,326

1%

£1,111,686

-2.5%

£1,139,880

15.3%

£988,562

Trade Creditors

£960,244

1.5%

£946,338

0.9%

£937,586

-11.5%

£1,059,712

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£757,094

Total Current Liabilities

£960,244

1.5%

£946,338

0.9%

£937,586

-11.5%

£1,059,712

40%

£757,094

Bank Loans & Overdrafts and LTL

£563,475

-14.6%

£659,928

-14%

£767,729

0.5%

£764,015

-7.4%

£825,417

Other Long Term Finance

0

-100%

£210,654

-33.3%

£315,599

-

0

-

0

Total Long Term Liabilities

£563,475

-14.6%

£659,928

-14%

£767,729

0.5%

£764,015

-7.4%

£825,417

Capital & Reserves

Date Of Accounts

31/05/10

(%)

31/05/09

(%)

31/05/08

(%)

31/05/07

(%)

31/05/06

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£939,520

12.3%

£836,543

13.1%

£739,425

10.6%

£668,540

-11.3%

£753,801

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£939,620

12.3%

£836,643

13.1%

£739,525

10.6%

£668,640

-11.3%

£753,901

Other Financial Items

Date Of Accounts

31/05/10

(%)

31/05/09

(%)

31/05/08

(%)

31/05/07

(%)

31/05/06

Net Worth

£939,620

12.3%

£836,643

13.1%

£739,525

10.6%

£668,640

-11.3%

£753,901

Working Capital

£202,412

15%

£175,988

1.1%

£174,100

117.2%

£80,168

-65.4%

£231,468

Total Assets

£2,463,339

0.8%

£2,442,909

-0.1%

£2,444,840

-1.9%

£2,492,367

6.7%

£2,336,412

Total Liabilities

£1,523,719

-5.1%

£1,606,266

-5.8%

£1,705,315

-6.5%

£1,823,727

15.2%

£1,582,511

Net Assets

£939,620

12.3%

£836,643

13.1%

£739,525

10.6%

£668,640

-11.3%

£753,901

Cash Flow

Date Of Accounts

31/05/10

(%)

31/05/09

(%)

31/05/08

(%)

31/05/07

(%)

31/05/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

Miscellaneous

Date Of Accounts

31/05/10

(%)

31/05/09

(%)

31/05/08

(%)

31/05/07

(%)

31/05/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,503,095

0.4%

£1,496,571

-0.7%

£1,507,254

5.2%

£1,432,655

-9.3%

£1,579,318

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

SIMPSON WOOD

Auditor Comments

The audit report contains no adverse comments

Bankers

 

Bank Branch Code

 

Ratios

Date Of Accounts

31/05/10

31/05/09

31/05/08

31/05/07

31/05/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.21

1.19

1.19

1.08

1.31

Sales/Net Working Capital

-

-

-

-

-

Gearing %

60

78.90

103.80

114.30

109.50

Equity in %

38.10

34.20

30.20

26.80

32.30

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.54

0.49

0.51

0.45

0.52

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

1.02

1.13

1.26

1.58

1

Total Debt Ratio

1.62

1.91

2.30

2.72

2.10

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Mortgage Summary

Outstanding

4

Satisfied

0

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

5

 

Status History

No Status History found

Event History

Date

Description

27/05/2011

Annual Returns

05/03/2011

New Accounts Filed

05/03/2011

New Accounts Filed

11/06/2010

Annual Returns

09/03/2010

New Accounts Filed

09/03/2010

New Accounts Filed

16/06/2009

Annual Returns

30/03/2009

New Accounts Filed

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

 

Limit History

Date

Limit

05/03/2011

£25,000

19/02/2011

£0

09/03/2010

£25,000

20/02/2010

£0

06/02/2010

£25,000

15/06/2009

£16,500

30/03/2009

£17,000

20/02/2009

£0

08/03/2007

£60,000

21/12/2004

£100,000

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.90

UK Pound

1

Rs.72.54

Euro

1

Rs.63.39

 

 

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.