MIRA INFORM REPORT

 

 

Report Date :

20.01.2012

 

IDENTIFICATION DETAILS

 

Name :

MERCERS FURNITURE LIMITED

 

 

Registered Office :

63a The Horsefair Pontefract West Yorkshire WF8 1RF

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

12.11.2010

 

 

Com. Reg. No.:

07437977

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Retail of Furniture, Lighting, and Similar (Not Musical Instruments or Scores) In Specialised Store

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small Company

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 – 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

MERCERS FURNITURE LIMITED

Company Number

07437977

 

 

Safe Number

UK07632590

Registered Address

63A THE HORSEFAIR

Trading Address

63 Horsefair
Pontefract
West Yorkshire
WF8 1RF

 

PONTEFRACT

 

 

WEST YORKSHIRE

 

 

WF8 1RF

 

Website Address

-

 

 

Telephone Number

01977797555

Fax Number

 

TPS

No

FPS

No

Incorporation Date

12/11/2010

Company Status

Active - Newly Incorporated

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

-

Branch Address

Merce Furniture Express

Gateway Industrial Estate, Rawmarsh Road, Rotherham South, Yorkshi S63 3ET

 

 

 

Share Capital

£700

 

SIC03

5244

Currency

GBP

SIC03 Description

RETAIL OF FURNITURE, HOUSEHOLD ARTICLES

SIC07

47599

SIC07 Description

RETAIL OF FURNITURE, LIGHTING, AND SIMILAR (NOT MUSICAL INSTRUMENTS OR SCORES) IN SPECIALISED STORE

Principal Activity

 

 

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: £500

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

1

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

0

Current Directors

Name

Richard Geoffrey Mercer

Date of Birth

17/07/1954

Present Appointments

3

Function

Director

Appointment Date

12/11/2010

 

 

Address

8 Whitelands,  Earswick,  York,  YO32 9FX

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Previous Director/Company Secretaries

No Previous Director Details

 

NEGATIVE INFORMATION

 

Commentary

No exact match CCJs are recorded against the company.

There has been no significant change in the company's credit limit.

No recent changes in directorship are recorded.

The company is not part of a group.

Newer companies are proven to be more of an insolvency risk than more established companies.

The company has changed its registered address recently.

The company was established over 12 months ago.

 

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

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Individual Share Value

RICHARD GEOFFREY MERCER

375 ORDINARY A GBP 1.00

R.G. MERCER SNR

200 ORDINARY B GBP 1.00

R.J.W. MERCER JNR

125 ORDINARY A GBP 1.00

 

 

PAYMENT INFORMATION

 

Creditor Details

No Creditor Data

 

Total Value

-

Trade Debtors / Bad Debt Detail

No Debtor Data

 

Total Value

-

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group

-

Linkages

0 companies

Countries

In 0 countries

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Group structure

No group structure



Group

0 companies

Linkages

0 companies

Countries

In 0 countries

 

FINANCIAL INFORMATION

 

Key Financials

No key Financials Registered

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

 

Mortgage Summary

Outstanding

0

Satisfied

0

 

Status History

No Status History found

 

*Event History

Date

Description

 

14/01/2012

Annual Returns

View Document

10/05/2011

Change in Reg.Office

View Document

23/12/2010

Change in Reg.Office

View Document

23/12/2010

Change of Company Postcode

View Document

16/11/2010

New Board Member Mr R.G. Mercer appointed

View Document

 

Previous Company Names

No Previous Names found

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.29

UK Pound

1

Rs.77.60

Euro

1

Rs.64.67

 

 

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.