MIRA
INFORM REPORT
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Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
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Name : |
METAL INOX LIMITED |
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Registered Office : |
10-12 Barnes High Street, Barnes, SW13 9LW. |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
06.11.2003 |
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Com. Reg. No.: |
04956082 |
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Legal Form : |
Private Limited |
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Line of Business : |
Commodity trading |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 79,500 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Identification Details
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Subject Reported on |
METAL INOX LIMITED |
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Registration Number |
04956082 |
Creditline Recommendations
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Monthly Credit Guide |
GBP 79,500 |
Official Company Data
|
Legal Form |
Private Limited |
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Registration Number |
04956082 |
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Subject Status |
Trading |
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Date of Incorporation |
06/11/2003 |
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Registered Office |
10-12 BARNES HIGH STREET, BARNES, SW13 9LW. |
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History |
14/04/2005 : The
Registered Office address changed from 68 MADRID ROAD, BARNES, LONDON, SW13
9PG. |
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13/12/2003 : The
Registered Office address changed from 42-46 HIGH STREET, ESHER, SURREY, KT10
9QY. |
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Date of Last Annual Return to Registry |
06/11/2011 |
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Accounts |
The last filed accounts at Companies House are those to 31/03/2011 |
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Accounting Reference Date |
31/03 |
Operations
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Activities |
Commodity trading. Commenced trading 1.1.04. |
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Nace Code |
5152 |
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Auditors |
Wilkins Southworth |
Previous Searches
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Search History Summary |
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Last 3 Months |
Last 6 Months |
Last 12 Months |
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0 |
0 |
0 |
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Search History Details |
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The Search History Details shows details of the most recent 40
searches |
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Date |
Description |
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01/10/2010 |
Miscellaneous |
Public Record Information
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Summary of CCJ's/Scottish Decrees |
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No CCJs/Scottish Decrees are recorded in
our file. |
Summary of Mortgages, Charges and Satisfactions
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Total Number of Mortgages/Charges Registered |
1 |
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Number Outstanding |
1 |
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Number Partially Satisfied |
0 |
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Number Satisfied |
0 |
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Date of Latest Mortgage Created |
14/01/2011 |
Details of most recent Mortgages, Charges and Satisfactions
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Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
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19/01/2011 |
14/01/2011 |
Deed Of Charge Over Credit Balances |
MG01 |
Barclays Bank Plc |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Other Filings and Notices
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Date |
Source |
Description |
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13/12/2003 |
Companies House Gazette |
Change among directors of a company |
Company Secretary
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Secretary |
REBECCA ELISABETH SYKES-THOMPSON |
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Service Address |
32A ST ANNS ROAD, BARNES, LONDON, SW13 9LJ. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
03/08/1959 |
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Appointment Date |
06/11/2003 |
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Other Directorships |
VIRAJ EUROPE LIMITED |
Directors
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Director |
NIGEL SEAN SYKES-THOMPSON |
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Service Address |
32A ST ANNS ROAD, BARNES, LONDON, SW13 9LJ. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
20/12/1951 |
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Appointment Date |
06/11/2003 |
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Service Address |
32A ST ANNS ROAD, BARNES, LONDON, SW13 9LJ. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
03/08/1959 |
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Appointment Date |
06/11/2003 |
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Other Directorships |
VIRAJ EUROPE LIMITED |
Share Capital
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Shares |
Ordinary A GBP 1.00 |
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Issued Number |
2 |
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Shares |
Ordinary B GBP 1.00 |
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Issued Number |
2 |
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Principal Shareholder |
1 Nigel Sean Sykes-Thompson |
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1 Benjamin Edward Sykes-Thompson |
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1 Rebecca Elisabeth Sykes-Thompson |
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1 Victoria Jane Sykes-Thompson |
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The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type. |
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Financial Data Statutory
Accounts
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Profit & Loss Accounts are not available for companies categorised
as small companies under the companies act. |
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For annual accounts images, view the |
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Balance Sheet |
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The following figures are shown in units of 1000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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TOTAL FIXED ASSETS |
17 |
42 |
64 |
88 |
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Tangible Assets |
4 |
5 |
3 |
3 |
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Intangible Assets |
13 |
37 |
61 |
85 |
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TOTAL CURRENT ASSETS |
4274 |
1376 |
1207 |
1502 |
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Trade debtors |
3160 |
1054 |
619 |
941 |
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Stocks |
84 |
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Other Current Assets |
1030 |
322 |
588 |
561 |
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Cash |
1030 |
322 |
588 |
561 |
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TOTAL ASSETS |
4291 |
1418 |
1271 |
1590 |
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TOTAL CURRENT LIABILITIES |
3332 |
883 |
634 |
1033 |
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Trade creditors |
3332 |
883 |
634 |
1033 |
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WORKING CAPITAL |
942 |
493 |
573 |
469 |
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NET ASSETS/(LIABILITIES) |
959 |
535 |
637 |
557 |
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SHARE CAPITAL + RESERVES |
959 |
535 |
637 |
557 |
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Profit and Loss account |
959 |
535 |
637 |
557 |
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SHAREHOLDERS FUNDS |
959 |
535 |
637 |
557 |
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CAPITAL EMPLOYED |
959 |
535 |
637 |
557 |
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Financial Comparison |
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The following figures are shown in units of 1000 |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Liquid Assets |
4190 |
1376 |
1207 |
1502 |
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Net Working Capital |
942 |
493 |
573 |
469 |
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Tangible Net Worth(T.N.W) |
946 |
498 |
576 |
472 |
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Equity |
959 |
535 |
637 |
557 |
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Number of Years Trading |
8 |
7 |
6 |
5 |
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Key Credit Ratios |
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The following figures are shown as Ratios or Percentages |
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Accounts Date |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
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Current Ratio |
1.3 |
1.6 |
1.9 |
1.5 |
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Pre Tax Profit Margin% |
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Gross Profit% |
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Debtors Days (D.S.O) |
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Creditors Days (D.P.O) |
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Quick Ratio |
1.3 |
1.6 |
1.9 |
1.5 |
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W.I.P/Inventory Days |
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Return on Investment% |
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Return on Assets% |
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T.N.W/Total Assets% |
22 |
35.1 |
45.3 |
29.7 |
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Return on Capital% |
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Rtn on Shareholders Funds% |
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Working Capital/Sales% |
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Equity Gearing% |
28.8 |
60.6 |
100.5 |
53.9 |
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Stock Turnover |
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Days Purchases Outstanding |
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Sales/Fixed Assets |
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Key Industry Sector Trends
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Year |
2011 |
2010 |
2009 |
2008 |
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Sample Size |
2341 |
6292 |
6352 |
6455 |
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Pre-Tax Profit Margin |
4.4 |
3.4 |
2.5 |
3.5 |
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Current Ratio |
1.6 |
1.6 |
1.7 |
1.6 |
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Borrowing Ratio |
88.7 |
101 |
98.4 |
104.6 |
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Return on Capital |
25.6 |
22.1 |
21.2 |
26.8 |
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Creditors Days |
52 |
89 |
105 |
50 |
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Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Wholesale of non-agricultural intermediate
products, waste and scrap |
Financial Summary
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Auditors Qualification |
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The Auditors have qualified their opinion
on the accounts for 31/03/2011. The qualification relates to items of
uncertainty or disagreement of a fundamental nature or is a multiple
qualification. Such matters will impact upon aspects of the financial
results. |
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No Turnover |
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The company's balance sheet total is less
than GBP 5,600,000 and is a medium sized company as defined by the Companies
Act. It is not required to disclose turnover but it is likely to be in the
range of GBP 2,800,000 - GBP 11,200,000. |
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No Pre-Tax Profit |
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The Company is exempt from the requirement
to file a Profit Loss Account. We note that the difference on the Profit and
Loss Account shown on the Balance Sheet is GBP 424,000 increase. This
suggests that the Company may have made a post-tax profit of GBP 424,000. |
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Working Capital |
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The company's working capital has
increased by 91 % in the period. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
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|
1 |
Rs.78.05 |
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Euro |
1 |
Rs.65.13 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.