MIRA INFORM REPORT

 

 

Report Date :           

16.05.2011

 

IDENTIFICATION DETAILS

 

Correct Name :

LM TECHNOLOGIES LIMITED

 

 

Registered Office :

Unit 10 Caroline Point, 62 Caroline Street, Jewellery Quarter B3 1TR

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

03.12.2004       

 

 

Com. Reg. No.:

05303785

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Telecommunications

 

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 :

£10,000

Status :

Moderate

Payment Behaviour :

Unknown

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

 

Company summary

 

Top of Form

Company Name

LM TECHNOLOGIES LIMITED

Company Number

05303785

Registered Address

UNIT 10 CAROLINE POINT

Trading Address

Radclyffe House, Suite 103
66-68 Hagley Road
Birmingham
B16 8PF

 

62 CAROLINE STREET

 

 

 

JEWELLERY QUARTER

 

 

 

B3 1TR

 

 

Website Address

http://www.lm-technologies.com

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

03/12/2004

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

28/06/2010

Date of Change

-

Share Capital

£1,333

Sic Code

6420

Currency

GBP

Sic Description

TELECOMMUNICATIONS

Principal Activity

 

 

Accounts Due Date 30/09/2011

Credit Limit

 

Limit

£10,000

Previous Limit

£2,500

Contract Limit

£20,000

 

 

 

 

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 decreased by 190.2%.

A 25% 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 88.7% in the previous 12 month trading period.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is not part of a group.

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

The company was established over 6 years ago.

 

 

Last 3 Years Credit Limit

 

Date

Limit

31/12/2010

£10,000

31/12/2009

£10,000

31/12/2008

£500

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2009

-

-

£119,313

-

31/12/2008

-

-

£96,651

-

31/12/2007

-

-

£14,231

-

 

 

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

5

Satisfied

0

 

Total Current Directors

4

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

0

 

 

Current Directors

 

Name

Lee Robert James Parry

Date of Birth

13/03/1974

Officers Title

 

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

03/12/2004

 

 

Address

P9 Amazon Lofts,  11, Tenby Street,  Birmingham,  B1 3AJ

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Michael John Sims

Date of Birth

17/02/1967

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

03/12/2004

 

 

Address

53 Horsecroft Road,  ,  London,  HA8 0PG

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Warren Mason

Date of Birth

06/06/1967

Officers Title

Mr

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

24/10/2008

 

 

Address

1 Upper Wollaston,  Wollaston,  Church Eaton,  ST20 0AA

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

AEGF SERVICES LIMITED

Date of Birth

-

Officers Title

 

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

24/10/2008

 

 

Address

3 Coventry Innovation Village Cheetah Road,  ,  Coventry,  CV1 2TL

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Lee Robert James Parry

Date of Birth

13/03/1974

Officers Title

 

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

03/12/2004

 

 

Address

P9 Amazon Lofts,  11, Tenby Street,  Birmingham,  B1 3AJ

 

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 


Top 20 Shareholders

 

Name

Individual Share Value

LEE ROBERT JAMES PARRY

500 ORDINARY GBP 1.00

MICHAEL JOHN SIMS

500 ORDINARY GBP 1.00

ADVANTAGE EARLY GROWTH LIMITED

126 ORDINARY A GBP 1.00

THE MERICA FUND 2

126 ORDINARY A GBP 1.00

WARREN MASON

81 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

(%)

56

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

£8,948

-3.3%

£9,252

34.6%

£6,874

26.8%

£5,423

158.4%

£2,099

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Tangible Assets

£27,621

15.5%

£23,905

-25.3%

£32,014

98.7%

£16,115

-18.6%

£19,808

Intangible Assets

£200,336

999.9%

£6,838

-49.8%

£13,609

-

0

-

0

Total Fixed Assets

£227,957

641.5%

£30,743

-32.6%

£45,623

183.1%

£16,115

-18.6%

£19,808

Stock

£159,505

25.3%

£127,344

196.4%

£42,960

-17.1%

£51,849

112.9%

£24,348

Trade Debtors

£185,920

6.5%

£174,621

52.5%

£114,476

-37.3%

£182,685

-

0

Cash

£15,702

-88.7%

£138,383

215.2%

£43,907

91.6%

£22,916

999.9%

£844

Other Debtors

0

-

0

-

0

-100%

£25,754

-83%

£151,649

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£361,127

-18%

£440,348

118.7%

£201,343

-28.9%

£283,204

60.1%

£176,841

Trade Creditors

£311,356

42.9%

£217,861

10.4%

£197,349

-23.6%

£258,244

-

0

Bank Loans & Overdrafts

£1,000

-91.7%

£12,000

-

0

-

0

-100%

£34,146

Other Short Term Finance

£145,830

12.5%

£129,646

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£120,362

Total Current Liabilities

£458,186

27.4%

£359,507

82.2%

£197,349

-23.6%

£258,244

67.1%

£154,508

Bank Loans & Overdrafts and LTL

£12,585

-53.3%

£26,933

-23.9%

£35,386

11.4%

£31,778

-60.8%

£80,979

Other Long Term Finance

£11,585

-16.9%

£13,933

-

0

-

0

-

0

Total Long Term Liabilities

£11,585

-22.4%

£14,933

-57.8%

£35,386

11.4%

£31,778

-32.1%

£46,833

 

 

Capital & Reserves

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Called Up Share Capital

£1,333

6.7%

£1,249

24.9%

£1,000

-

£1,000

-

£1,000

P & L Account Reserve

-£86,065

-104.6%

-£42,061

-417.9%

£13,231

59.5%

£8,297

245.8%

-£5,692

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£204,045

48.4%

£137,463

-

-

-

-

-

-

Shareholder Funds

£119,313

23.4%

£96,651

579.2%

£14,231

53.1%

£9,297

298.1%

-£4,692

Other Financial Items

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Net Worth

-£81,023

-190.2%

£89,813

999.9%

£622

-93.3%

£9,297

298.1%

-£4,692

Working Capital

-£97,059

-220.1%

£80,841

999.9%

£3,994

-84%

£24,960

11.8%

£22,333

Total Assets

£589,084

25%

£471,091

90.8%

£246,966

-17.5%

£299,319

52.2%

£196,649

Total Liabilities

£469,771

25.5%

£374,440

60.9%

£232,735

-19.8%

£290,022

44%

£201,341

Net Assets

£119,313

23.4%

£96,651

579.2%

£14,231

53.1%

£9,297

298.1%

-£4,692

 

 

Cash Flow

 

Date Of Accounts

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

(%)

31/12/05

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

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

£130,898

17.3%

£111,584

124.9%

£49,617

20.8%

£41,075

-2.5%

£42,141

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

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 %

-

-

-

-

-

Current ratio

0.79

1.22

1.02

1.10

1.14

Sales/Net Working Capital

-

-

-

-

-

Gearing %

10.50

27.90

248.70

341.80

-1725.90

Equity in %

30.70

20.80

6.10

3.10

-2.40

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.44

0.87

0.80

0.90

0.99

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

3.84

3.71

13.86

27.77

-32.93

Total Debt Ratio

3.93

3.87

16.35

31.19

-42.91

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

Status History

 

No Status History found



Event History

 

Date

Description

 

11/03/2011

Annual Returns

 

08/07/2010

New Accounts Filed

 

08/07/2010

New Accounts Filed

 

27/02/2010

Annual Returns

 

21/04/2009

New Accounts Filed

 

10/02/2009

Annual Returns

 

08/12/2008

New Board Member AEGF SERVICES LIMITED appointed

 

05/12/2008

Change in Reg.Office

 

05/12/2008

Change of Company Postcode

 

02/12/2008

Change in Reg.Office

 

02/12/2008

Change of Company Postcode

 

01/12/2008

New Board Member Mr W. Mason appointed

 

07/11/2008

Change in Reg.Office

 

07/11/2008

Change of Company Postcode

 

16/09/2008

New Accounts Filed

 

 

Limit History

 

Date

Limit

21/04/2009

£10,000

09/03/2009

£2,500

10/02/2009

£500

09/02/2009

£500

08/12/2008

£500

02/12/2008

£500

01/12/2008

£500

11/10/2007

£0

18/10/2006

£0

09/12/2004

£0

 

Previous Company Names

 

No Previous Names found

                                                                                                                

                                                                                                                

Group Structure Summary

 

Company Name

LM TECHNOLOGIES LIMITED

Company Number

05303785

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

 

Group structure

 

No group structure



Exact CCJ Details

 

No CCJs found

 

 

Possible CCJs Details

 

There are no possible CCJ details

Writ Details

 

No writs found

 

 

Mortgage Detail

 

Mortgage Type:

LEGAL ASSIGNMENT

Date Charge Created:

10/09/10

 

 

Date Charge Registered:

11/09/10

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE

 

Mortgage Type:

FIXED CHARGE ON NON-VESTING DEBTS AND FLOATING CHARGE

Date Charge Created:

25/05/10

 

 

Date Charge Registered:

27/05/10

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

BY WAY OF FIRST FIXED CHARGE ALL DEBTS AND ALL EXPORT DEBTS PURPORTEDLY ASSIGNED TO THE SECURITY HOLDER PURSUANT TO THEDEBT PURCHASE AGREEMENT. ALL ASSOCIATEDRIGHTS RELATING TO ANY NON-VESTING DOMESTIC DEBTS AND NON-VESTING EXPORT DEBTS. BY WAY OF FIRST FIXED CHARGE THE EXCLUDED PROCEEDS AND BY WAYOF FIRST FLOATING CHARGE ALL PRESENT AND FUTURE ASSETS UNDERTAKING AND ALL OTHER PROPERTY AND ASSETSSEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

LEGAL ASSIGNMENT

Date Charge Created:

25/02/09

 

 

Date Charge Registered:

03/03/09

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ANY CREDIT BALANCE DUE THE BENEFIT OF ALL THE OTHER PROVISIONS OF THE CONTRACT AND ALL SECURITIES FOR THE CONTRACT BUT ONLY IN RESPECT OF THAT CREDIT BALANCE (THE CONTRACT MONIES)

 

Mortgage Type:

DEBENTURE

Date Charge Created:

24/10/08

 

 

Date Charge Registered:

01/11/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

THE MERCIA FUND 2 ACTING BY ITS MANAGER MERCIA FUND 2 MANAGERS LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

31/12/04

 

 

Date Charge Registered:

05/01/05

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Creditor Details

 

No Creditor Data

Total Value

-

 

 

Trade Debtors / Bad Debt Detail

 

No Debtor Data

Total Value

-

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

Bottom of Form

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.91

UK Pound

1

Rs.73.06

Euro

1

Rs.64.03

 

 

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.