MIRA INFORM REPORT
|
Report Date : |
07.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
H S WALSH & SONS LIMITED |
|
|
|
|
Formerly Known As : |
H.S. WALSH PROPERTIES LIMITED |
|
|
|
|
Registered Office : |
Hunter House, Biggin Hill Airport, Biggin Hill , Tn16 3bn |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Date of Incorporation : |
27.04.1998 |
|
|
|
|
Com. Reg. No.: |
03553069 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of other household goods |
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 : |
50,000 GBP |
|
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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
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
H S WALSH & SONS
LIMITED
|
Company Name |
H S WALSH & SONS
LIMITED |
Company Number |
03553069 |
|
Registered Address |
HUNTER HOUSE |
Trading Address |
1-2 Warstone Mews |
|
|
BIGGIN HILL AIRPORT |
|
|
|
|
BIGGIN HILL |
|
|
|
|
TN16 3BN |
|
|
|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number |
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation Date |
27/04/1998 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
H.S. WALSH PROPERTIES
LIMITED |
Type |
Private limited with
Share Capital |
|
|
|
Filing Date of Accounts |
04/11/2010 |
|
Date of Change |
26/06/1998 |
Share Capital |
£76,000 |
|
Sic Code |
5147 |
Currency |
GBP |
|
Sic Description |
WHOLESALE OF OTHER
HOUSEHOLD GOODS |
||
|
Principal Activity |
Wholesale of clothing
and footwear, management activities of holding companies and wholesale. |
||
CREDIT RECOMENDATION
Current Credit Limit: 50,000 GBP
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Date of Birth |
28/12/1935 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
03/06/1998 |
|
|
|
Address |
Hunter House Biggin Hill
Airport, Churchill Way, Biggin Hill, TN16 3BN |
||
|
|
|
|
|
|
Name |
Date of Birth |
26/04/1954 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/07/1998 |
|
|
|
Address |
Hunter House Biggin Hill
Airport, Churchill Way, Biggin Hill, TN16 3BN |
||
|
|
|
|
|
|
Name |
Date of Birth |
12/05/1949 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
24/05/2002 |
|
|
|
Address |
Hunter House Biggin Hill
Airport, Churchill Way, Biggin Hill, TN16 3BN |
||
|
|
|
|
|
|
Name |
Date of Birth |
08/08/1948 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/07/1998 |
|
|
|
Address |
Hunter House Biggin Hill
Airport, Churchill Way, Biggin Hill, TN16 3BN |
||
|
|
|
|
|
|
Name |
Date of Birth |
29/10/1945 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/07/1998 |
|
|
|
Address |
Hunter House Biggin Hill
Airport, Churchill Way, Biggin Hill, TN16 3BN |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
12/05/1949 |
|
|
|
Officers Title |
Ms |
Nationality |
British |
|
|
Present Appointments |
5 |
Function |
Company Secretary |
|
|
Appointment Date |
03/06/1998 |
|
|
|
|
Address |
Hunter House Biggin Hill
Airport, Churchill Way, Biggin Hill, TN16 3BN |
|
||
|
H S WALSH & SONS
LIMITED |
H S WALSH & SONS
LIMITED |
||||
Previous Director/Company
Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
3 |
3 |
|
|
135 |
15515 |
|
|
165 |
15366 |
NEGATIVE INFORMATION
No negative information found.
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Individual Share Value |
|
CONCEPT TOOLS &
EQUIPMENT LTD |
39,520 ORDINARY GBP 1.00 |
|
MR DESMOND ARTHUR HENRY
WALSH |
36,480 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Na
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group Structure Summary
|
Company Name |
H S WALSH & SONS
LIMITED |
Company Number |
03553069 |
|
Holding Company |
CONCEPT TOOLS AND
EQUIPMENT LIMITED |
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company
|
CONCEPT TOOLS AND
EQUIPMENT LIMITED |
Companies in group |
2 |
FINANCIAL INFORMATION
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 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£18,199 |
35.8% |
£13,397 |
-20.5% |
£16,862 |
-9.4% |
£18,606 |
-23.7% |
£24,395 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Tangible Assets |
£52,856 |
70.9% |
£30,922 |
-28% |
£42,951 |
-19.3% |
£53,210 |
-15.1% |
£62,697 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£52,856 |
70.9% |
£30,922 |
-28% |
£42,951 |
-19.3% |
£53,210 |
-15.1% |
£62,697 |
|
Stock |
£1,009,598 |
3.8% |
£972,262 |
5.1% |
£924,748 |
3.7% |
£891,580 |
9.7% |
£812,401 |
|
Trade Debtors |
£328,107 |
28.7% |
£254,873 |
-24.1% |
£335,800 |
-16.9% |
£404,137 |
- |
0 |
|
Cash |
£52,763 |
210.1% |
£17,015 |
-44.6% |
£30,716 |
37.3% |
£22,368 |
-9.2% |
£24,629 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£290,220 |
|
Miscellaneous Current
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£1,390,468 |
11.8% |
£1,244,150 |
-3.6% |
£1,291,264 |
-2% |
£1,318,085 |
16.9% |
£1,127,250 |
|
Trade Creditors |
£590,123 |
16.1% |
£508,372 |
-13.4% |
£587,226 |
-7.2% |
£632,940 |
- |
0 |
|
Bank Loans &
Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current
Liabilities |
0 |
- |
0 |
-100% |
£2,456 |
- |
0 |
-100% |
£482,863 |
|
Total Current
Liabilities |
£590,123 |
16.1% |
£508,372 |
-13.8% |
£589,682 |
-6.8% |
£632,940 |
31.1% |
£482,863 |
|
Bank Loans &
Overdrafts and LTL |
£8,057 |
199.5% |
£2,690 |
-36.9% |
£4,265 |
-23.4% |
£5,566 |
2.9% |
£5,407 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term
Liabilities |
£8,057 |
199.5% |
£2,690 |
-36.9% |
£4,265 |
-23.4% |
£5,566 |
2.9% |
£5,407 |
Capital &
Reserves
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Called Up Share Capital |
£76,000 |
- |
£76,000 |
- |
£76,000 |
- |
£76,000 |
- |
£76,000 |
|
P & L Account
Reserve |
£769,144 |
11.8% |
£688,010 |
3.6% |
£664,268 |
1.1% |
£656,789 |
5% |
£625,677 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£845,144 |
10.6% |
£764,010 |
3.2% |
£740,268 |
1% |
£732,789 |
4.4% |
£701,677 |
Other Financial
Items
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Net Worth |
£845,144 |
10.6% |
£764,010 |
3.2% |
£740,268 |
1% |
£732,789 |
4.4% |
£701,677 |
|
Working Capital |
£800,345 |
8.8% |
£735,778 |
4.9% |
£701,582 |
2.4% |
£685,145 |
6.3% |
£644,387 |
|
Total Assets |
£1,443,324 |
13.2% |
£1,275,072 |
-4.4% |
£1,334,215 |
-2.7% |
£1,371,295 |
15.2% |
£1,189,947 |
|
Total Liabilities |
£598,180 |
17% |
£511,062 |
-14% |
£593,947 |
-7% |
£638,506 |
30.8% |
£488,270 |
|
Net Assets |
£845,144 |
10.6% |
£764,010 |
3.2% |
£740,268 |
1% |
£732,789 |
4.4% |
£701,677 |
Cash Flow
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Net Cashflow from
Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before
Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from
Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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 |
£853,201 |
11.3% |
£766,700 |
3% |
£744,533 |
0.8% |
£738,355 |
4.4% |
£707,084 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|
||||||||
|
Auditor Comments |
The company is exempt
from audit |
||||||||
|
Bankers |
NATIONAL WESTMINSTER
BANK PLC |
||||||||
|
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 % |
- |
- |
- |
- |
- |
|
Current ratio |
2.36 |
2.45 |
2.19 |
2.08 |
2.33 |
|
Sales/Net Working
Capital |
- |
- |
- |
- |
- |
|
Gearing % |
1 |
0.40 |
0.60 |
0.80 |
0.80 |
|
Equity in % |
58.60 |
59.90 |
55.50 |
53.40 |
59 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.64 |
0.53 |
0.62 |
0.67 |
0.65 |
|
Return On Capital
Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets
Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
0.69 |
0.66 |
0.79 |
0.86 |
0.69 |
|
Total Debt Ratio |
0.70 |
0.66 |
0.80 |
0.87 |
0.70 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets
Employed % |
- |
- |
- |
- |
- |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
|
No exact match CCJs are
recorded against the company. |
|
|
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 10.6%. |
|
|
A 13.2% 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
increase in their Cash Balance of 210.1% in the previous 12 month trading
period. |
|
|
The company is exempt from
audit. |
|
|
No recent changes in
directorship are recorded. |
|
|
The company is 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 has changed
its registered address recently. |
|
|
The company was
established over 13 years ago. |
|
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/06/2010 |
- |
- |
£845,144 |
- |
|
30/06/2009 |
- |
- |
£764,010 |
- |
|
30/06/2008 |
- |
- |
£740,268 |
- |
Trade
Debtors / Bad Debt Summary
|
Total Number of
Documented Trade Debtors / Bad Debt - |
1 |
|
|
Total Value of
Documented Trade Debtors / Bad Debt - |
£437 |
|
CCJ
|
Total Number of Exact
CCJs - |
Total Value of Exact
CCJs - |
||
|
Total Number of Possible
CCJs - |
Total Value of Possible
CCJs - |
||
|
Total Number of
Satisfied CCJs - |
Total Value of Satisfied
CCJs - |
||
|
Total Number of Writs - |
|
|
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 |
0 |
Status History
|
No Status History found |
*Event History
|
Date |
Description |
|
|
03/05/2011 |
Annual Returns |
|
|
19/04/2011 |
Change in Reg.Office |
|
|
19/04/2011 |
Change of Company
Postcode |
|
|
10/11/2010 |
New Accounts Filed |
|
|
13/05/2010 |
Annual Returns |
|
|
23/09/2009 |
New Accounts Filed |
|
|
23/09/2009 |
New Accounts Filed |
|
|
06/05/2009 |
Annual Returns |
|
|
19/11/2008 |
New Accounts Filed |
|
|
28/05/2008 |
Annual Returns |
|
|
30/10/2007 |
New Accounts Filed |
|
|
27/10/2006 |
New Accounts Filed |
|
|
22/11/2005 |
New Accounts Filed |
|
|
01/11/2004 |
New Accounts Filed |
|
|
17/06/2004 |
Data Refresh |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
|
UK Pound |
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.