MIRA
INFORM REPORT
|
Report Date : |
22.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
NATURAL STONE SURFACES LIMITED |
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|
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Formerly Known As : |
GRANITE SURFACES LIMITED |
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|
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Registered Office : |
Unit 1 Walker Industrial Park Frith Knoll Road Chapel En Le Frith, High Peak SK23 0PG |
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Country : |
United Kingdom |
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|
Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
09.10.2001 |
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Com. Reg. No.: |
04301594 |
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|
Legal Form : |
Private Limited with Share Capital |
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Line of Business : |
Manufacture of other kitchen furniture and other furniture |
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|
No. of Employees : |
Not Available |
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 : |
£12,500 |
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
NATURAL STONE SURFACES LIMITED |
Company Number |
04301594 |
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|
|
Safe Number |
UK03950823 |
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Registered
Address |
UNIT 1 WALKER INDUSTRIAL PARK |
Trading Address |
Unit 1 Walker Industrial Park |
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|
FRITH KNOLL ROAD |
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CHAPEL EN LE FRITH, HIGH PEAK |
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|
SK23 0PG |
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Website Address |
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Telephone Number
|
01298811040 |
Fax Number |
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|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
09/10/2001 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
GRANITE SURFACES LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
07/03/2002 |
Filing Date of
Accounts |
12/10/2011 |
|
|
|
Share Capital |
£50,000 |
|
SIC03 |
3614 |
Currency |
GBP |
|
SIC03
Description |
MANUFACTURE OF OTHER FURNITURE |
||
|
SIC07 |
31090 |
||
|
SIC07
Description |
MANUFACTURE OF OTHER FURNITURE |
||
|
Principal
Activity |
Manufacture of other kitchen furniture, manufacture of other furniture
and manufacturer. |
||
CREDIT RECOMENDATION
Current Credit Limit: £12,500
DIRECTORS/MANAGEMENT
|
Total Current Directors |
4 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
2 |
Current Directors
|
Name |
Date of Birth |
23/05/1972 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment Date |
09/10/2001 |
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|
|
Address |
108 Newstead House,, St Johns Road, Buxton, SK17 6UT
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|
|
|
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|
Name |
Date of Birth |
19/12/1971 |
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|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
5 |
Function |
Director |
|
Appointment Date |
18/09/2011 |
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|
|
Address |
70 Corbar Road, , Buxton, SK17 6RJ |
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|
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|
Name |
Date of Birth |
25/07/1972 |
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|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment Date |
20/04/2010 |
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|
|
Address |
18 Ferneydale Avenue, , Buxton, SK17 9LW |
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|
Name |
Date of Birth |
09/07/1972 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment Date |
20/04/2010 |
|
|
|
Address |
13 Holmfield, , Buxton, SK17 9DF |
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NEGATIVE INFORMATION
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
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Individual Share
Value |
|
MATHEW MILNER |
26,150 ORDINARY GBP 1.00 |
|
EAMONN FARRELLY |
10,400 ORDINARY GBP 1.00 |
|
CHRISTOPHER HILL |
7,450 ORDINARY GBP 1.00 |
|
PASQUALE MELCHIONNO |
5,000 ORDINARY GBP 1.00 |
|
JAMES MATHER |
1,000 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Payment Information Summary
|
Total number of Invoices available |
16 |
|
Total number of Invoices paid within or up to 30 days after the due
date |
16 |
|
Total number of Invoices paid more than 30 days after the due date |
0 |
|
Total number of Invoices currently outstanding where the due date has
not yet been reached |
0 |
|
Total number of Invoices currently outstanding beyond the due date |
0 |
Trade
Debtors / Bad Debt Summary
|
Total Number of
Documented Trade Debtors / Bad Debt - |
1 |
|
|
Total Value of
Documented Trade Debtors / Bad Debt - |
£3,234 |
|
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
0 |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Summary
|
Group structure
No group structure
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder
Funds |
Employees |
|
31/03/2011 |
- |
- |
£352,727 |
- |
|
31/03/2010 |
- |
- |
£346,976 |
- |
|
31/03/2009 |
- |
- |
£302,868 |
- |
Profit & Loss
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
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 |
£79,278 |
-15.3% |
£93,631 |
-21.9% |
£119,881 |
33.9% |
£89,543 |
8.6% |
£82,425 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Tangible Assets |
£309,541 |
-15.9% |
£368,143 |
-16.2% |
£439,105 |
13.9% |
£385,542 |
18.1% |
£326,569 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£309,541 |
-15.9% |
£368,143 |
-16.2% |
£439,105 |
13.9% |
£385,542 |
18.1% |
£326,569 |
|
Stock |
£53,000 |
-18.5% |
£65,000 |
-48.6% |
£126,457 |
83.9% |
£68,750 |
108.6% |
£32,960 |
|
Trade Debtors |
£312,124 |
-3.4% |
£323,004 |
15.4% |
£279,904 |
-5.8% |
£296,989 |
38% |
£215,259 |
|
Cash |
£107,965 |
-1.2% |
£109,307 |
-8.5% |
£119,484 |
5.9% |
£112,866 |
564.2% |
£16,992 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£473,089 |
-4.9% |
£497,311 |
-5.4% |
£525,845 |
9.9% |
£478,605 |
80.5% |
£265,211 |
|
Trade Creditors |
£364,137 |
-8.3% |
£397,032 |
-18.2% |
£485,191 |
3.9% |
£466,956 |
43.1% |
£326,302 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£364,137 |
-8.3% |
£397,032 |
-18.2% |
£485,191 |
3.9% |
£466,956 |
43.1% |
£326,302 |
|
Bank Loans & Overdrafts and LTL |
£65,766 |
-45.8% |
£121,446 |
-31.3% |
£176,891 |
33.9% |
£132,154 |
30.1% |
£101,559 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£65,766 |
-45.8% |
£121,446 |
-31.3% |
£176,891 |
33.9% |
£132,154 |
30.1% |
£101,559 |
Capital & Reserves
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Called Up Share Capital |
£50,000 |
- |
£50,000 |
999.9% |
£100 |
- |
£100 |
- |
£100 |
|
P & L Account Reserve |
£302,727 |
1.9% |
£296,976 |
-1.9% |
£302,768 |
14.3% |
£264,937 |
61.7% |
£163,819 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£352,727 |
1.7% |
£346,976 |
14.6% |
£302,868 |
14.3% |
£265,037 |
61.7% |
£163,919 |
Other Financial Items
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Net Worth |
£352,727 |
1.7% |
£346,976 |
14.6% |
£302,868 |
14.3% |
£265,037 |
61.7% |
£163,919 |
|
Working Capital |
£108,952 |
8.6% |
£100,279 |
146.7% |
£40,654 |
249% |
£11,649 |
119.1% |
-£61,091 |
|
Total Assets |
£782,630 |
-9.6% |
£865,454 |
-10.3% |
£964,950 |
11.7% |
£864,147 |
46% |
£591,780 |
|
Total Liabilities |
£429,903 |
-17.1% |
£518,478 |
-21.7% |
£662,082 |
10.5% |
£599,110 |
40% |
£427,861 |
|
Net Assets |
£352,727 |
1.7% |
£346,976 |
14.6% |
£302,868 |
14.3% |
£265,037 |
61.7% |
£163,919 |
Miscellaneous
|
Date Of Accounts |
31/03/11 |
(%) |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£418,493 |
-10.7% |
£468,422 |
-2.4% |
£479,759 |
20.8% |
£397,191 |
49.6% |
£265,478 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|
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|
Auditor Comments |
The company is exempt from audit |
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|
Bankers |
|
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|
Bank Branch Code |
|
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Ratios
|
Date Of Accounts |
31/03/11 |
31/03/10 |
31/03/09 |
31/03/08 |
31/03/07 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.30 |
1.25 |
1.08 |
1.02 |
0.81 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
18.60 |
35 |
58.40 |
49.90 |
62 |
|
Equity in % |
45.10 |
40.10 |
31.40 |
30.70 |
27.70 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
1.15 |
1.08 |
0.82 |
0.87 |
0.71 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
1.03 |
1.14 |
1.60 |
1.76 |
1.99 |
|
Total Debt Ratio |
1.21 |
1.49 |
2.18 |
2.26 |
2.61 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has dropped from 72 to 52 but the company
still indicates good creditworthiness. |
|
|
The credit limit on this company has fallen 50% in comparison to the
previously suggested credit limit. |
|
|
There is insufficient data to indicate a change in this companies
percentage of sales. |
|
|
Net Worth increased by 1.7% during the latest trading period. |
|
|
A 9.6% decline in Total Assets occurred during the latest trading
period. |
|
|
There is insufficient data to indicate a change in this companies
pre-tax profit. |
|
|
The company saw a decrease in their Cash Balance of 1.2% during the
latest trading period. |
|
|
The company is exempt from audit. |
|
|
The company has undergone recent changes in its directorships. |
|
|
The company is not 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 was established over 10 years ago. |
|
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Mr |
Nationality |
|
|
Present
Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
17/09/2011 |
|
|
|
Address |
108 St. Johns Road, , Buxton, SK17 6UT |
||
Status History
|
No Status History found |
EVENT HISTORY
|
Date |
Description |
|
21/11/2011 |
Annual Returns |
|
19/10/2011 |
Mr J.N. Mather has resigned as company secretary |
|
19/10/2011 |
Mr J.N. Mather has left the board |
|
19/10/2011 |
New Company Secretary Mr M.J. Milner appointed |
|
17/10/2011 |
New Accounts Filed |
|
17/10/2011 |
New Board Member Mr P. Melchionno appointed |
|
25/10/2010 |
Annual Returns |
|
23/08/2010 |
New Accounts Filed |
|
05/08/2010 |
New Board Member Mr E. Farrelly appointed |
|
05/08/2010 |
New Board Member Mr C.J. Hill appointed |
|
29/12/2009 |
Annual Returns |
|
04/12/2009 |
Annual Returns |
|
23/11/2009 |
New Accounts Filed |
|
19/11/2008 |
New Accounts Filed |
|
31/10/2008 |
Annual Returns |
Previous Company Names
|
Date |
Previous Name |
|
07/03/2002 |
GRANITE SURFACES LIMITED |
|
11/02/2002 |
DIAMOND STONE (IMPORTS) LTD |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
|
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.17 |
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.