MIRA INFORM REPORT

 

 

Report Date :

14.04.2012

 

IDENTIFICATION DETAILS

 

Name :

MACROMIN LIMITED

 

 

Registered Office :

16-18 HIGH ST, WESTERHAM, KENT, TN16 1RF.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

13.03.1989

 

 

Com. Reg. No.:

02360249

 

 

Legal Form :

Private Limited

 

 

Line of Business :

The supply of minerals and industrial chemicals.

 

 

No. of Employees :

6

 

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

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 Identification Details

 

Subject Reported on

MACROMIN LIMITED

Registration Number

02360249

Address

16-18 HIGH ST, WESTERHAM, KENT, TN16 1RF.

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

02360249

Subject Status

Trading

Date of Incorporation

13/03/1989

Registered Office

16/18 HIGH STREET, WESTERHAM, KENT, TN16 1RF.

History

4/04/2005 : The Registered Office address changed from 16-18 HIGH STREET, WESTERHAM, KENT, TN16 1RF.

 

7/03/1992 : The Registered Office address changed from 80 FLEET STREET, LONDON, EC4Y 1EL.

Date of Last Annual Return to Registry

13/03/2012

Registered Objectives

TO CARRY ON BUSINESS AS DEALERS IN PET FOODS

Accounts

The last filed accounts at Companies House are those to 30/09/2010

Accounting Reference Date

30/09

 

 

 

Operations

 

 

Activities

The supply of minerals and industrial chemicals.

Premises

Leased,Offices,Warehouse

Staff Employed

6

Trading Divisions

KENTISH MINERALS

Trade Names

KENTISH MINERALS

Import Countries

EUROPE, FAR EAST

Export Countries

EUROPE

Bankers

NATIONAL WESTMINSTER BANK PLC

Address

SEVENOAKS.

Sort Code

601902

Auditors

Crowe Clark Whitehill LLP

Subsidiaries

FOUNDRY MINERALS LIMITED

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

1

2

5

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

20/03/2012

Miscellaneous

17/12/2011

Miscellaneous

16/09/2011

Miscellaneous

06/06/2011

Miscellaneous

06/06/2011

Miscellaneous

23/07/2009

Miscellaneous

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

Total Number of Mortgages/Charges Registered

1

Number Outstanding

1

Number Partially Satisfied

0

Number Satisfied

0

 

 

Date of Latest Mortgage Created

27/07/1992

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

04/08/1992

27/07/1992

Mortgage Debenture

395

National Westminster Bank Plc

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

29/08/2008

Companies House Gazette

Alteration in memorandum or articles of association

27/03/2008

Companies House Gazette

Alteration in memorandum or articles of association

27/03/2008

Companies House Gazette

Change among directors of a company

24/01/2007

Companies House Gazette

Change among directors of a company

31/03/2003

Companies House Gazette

Change among directors of a company

30/03/1998

Companies House Gazette

Change among directors of a company

15/02/1992

Companies House Gazette

Change among directors of a company

19/10/1990

Companies House Gazette

Change among directors of a company

27/09/1990

Companies House Gazette

Alteration in memorandum or articles of association

18/09/1990

Companies House Gazette

Change among directors of a company

13/05/1989

Companies House Gazette

Change among directors of a company

20/03/1989

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

PAUL GLYN ADAMS

Service Address

4 CHILSTON ROAD, TUNBRIDGE WELLS, KENT, TN4 9LR.

Country of Origin

UNITED KINGDOM

Date of Birth

30/04/1963

Appointment Date

17/03/2008

Other Directorships

MKM HOLDINGS LIMITED

 

 

 

Directors

 

 

Director

PAUL GLYN ADAMS

Service Address

4 CHILSTON ROAD, TUNBRIDGE WELLS, KENT, TN4 9LR.

Country of Origin

UNITED KINGDOM

Date of Birth

30/04/1963

Appointment Date

01/01/2007

Other Directorships

MKM HOLDINGS LIMITED


Director


RAYMOND HUBERT JEAN PARISH

Service Address

WHITEACRE 87 OAKHILL ROAD, SEVENOAKS, KENT, TN13 1NU.

Country of Origin

UNITED KINGDOM

Date of Birth

30/01/1948

Appointment Date

13/03/1992

Other Directorships

PET COMPANY LIMITED(THE), KENTISH MINERALS LIMITED, MKM HOLDINGS LIMITED

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

85,385

Principal Shareholder

85,385 MKM Holdings Ltd

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

Holding Company

MKM HOLDINGS LIMITED

Ultimate Parent

MKM HOLDINGS LIMITED

 

 

 

Financial Data– Statutory Accounts

 

 

For annual accounts images, view the

 

Profit and Loss

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

30/09/2010

30/09/2009

30/09/2008

30/09/2007

Currency

GBP

GBP

GBP

GBP

SALES

7640

6852

6423

5387

UK sales

5890

5523

5254

4175

Export

1750

1329

1169

1212

Cost of goods sold

6973

6449

5702

4884

GROSS PROFIT

667

403

721

503

Directors Emoluments

136

 

201

96

Auditors Fees

10

8

12

 

Trading Profit

299

136

287

182

Depreciation

7

8

10

13

OPERATING PROFIT

292

128

277

169

Non Trading Income

 

1

14

13

PRE TAX PROFIT

292

129

291

182

Taxation

61

22

61

36

PROFIT AFTER TAX

231

107

230

146

Dividends Payable

194

177

141

400

RETAINED PROFITS

37

(70)

89

(254)

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

30/09/2010

30/09/2009

30/09/2008

30/09/2007

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

20

25

30

39

Tangible Assets

20

25

30

39

Fixed Assets

20

25

30

39

TOTAL CURRENT ASSETS

2953

2521

3202

1945

Trade debtors

1700

1204

1707

956

Stocks

563

615

525

487

Other Current Assets

690

702

970

502

Misc Current Assets

22

54

12

56

Due From Group

478

478

478

 

Cash

190

170

480

446

TOTAL ASSETS

2973

2546

3232

1984

TOTAL CURRENT LIABILITIES

1839

1449

2065

906

Trade creditors

1422

1225

1693

743

Other Liabilities

417

224

372

163

WORKING CAPITAL

1114

1072

1137

1039

TOTAL LONG TERM LIABS

1

1

2

2

Other Liabilities

1

1

2

2

NET ASSETS/(LIABILITIES)

1133

1096

1165

1076

SHARE CAPITAL + RESERVES

1133

1096

1165

1076

Share Cap + Sundry Res

116

116

115

115

Issued Share Capital

86

86

85

85

Sundry Reserves

30

30

30

30

Profit and Loss account

1017

980

1050

961

SHAREHOLDERS FUNDS

1133

1096

1165

1076

CAPITAL EMPLOYED

1134

1097

1167

1078

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

30/09/2010

30/09/2009

30/09/2008

30/09/2007

Currency

GBP

GBP

GBP

GBP

Net Cashflow from Oper.

 

 

 

 

Increase in Cash

 

 

 

 

Directors Remuneration

136

 

201

96

Auditors Remuneration

10

8

12

 

Liquid Assets

1890

1374

2187

1402

Net Working Capital

1114

1072

1137

1039

Other Deferred Liabs

1

1

2

2

Tangible Net Worth(T.N.W)

1133

1096

1165

1076

Equity

1133

1096

1165

1076

Number of Years Trading

21

20

19

18

Number of Employees

 

 

 

 

Profit per Employee

 

 

 

 

Sales per Employee

 

 

 

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

30/09/2010

30/09/2009

30/09/2008

30/09/2007

Current Ratio

1.6

1.7

1.6

2.1

Pre Tax Profit Margin%

3.8

1.9

4.5

3.4

Gross Profit%

8.7

5.9

11.2

9.3

Debtors Days (D.S.O)

81

64

97

65

Creditors Days (D.P.O)

68

65

96

50

Quick Ratio

1.3

1.3

1.3

1.6

W.I.P/Inventory Days

29.5

34.8

33.6

36.4

Return on Investment%

25.7

11.8

24.9

16.9

Return on Assets%

9.8

5.1

9

9.2

T.N.W/Total Assets%

38.1

43

36

54.2

Return on Capital%

25.7

11.8

24.9

16.9

Rtn on Shareholders Funds%

25.8

11.8

25

16.9

Working Capital/Sales%

14.6

15.6

17.7

19.3

Equity Gearing%

61.6

75.6

56.4

118.5

Stock Turnover

13.6

11.1

12.2

11.1

Days Purchases Outstanding

74.4

69.3

108.4

55.5

Sales/Fixed Assets

382

274.1

214.1

138.1

 

 

 

Financial Summary

 

 

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 30/09/2010.

 

Turnover

Turnover has increased by 12 %, a growth of GBP 788,000 in the period.

 

Operating Profit

Totalled GBP 292,000. In the year prior a Profit of GBP 128,000 was achieved.

 

Pre Tax Profit

The subject's profit increased by 126 % in the year.

 

Working Capital

The subject's working capital has improved by 42,000 in the period.

 

Net Worth

Net worth has increased by 3 % and now stands at GBP 1,133,000.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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.