|
Report Date : |
23.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
DAYMOUNT LTD |
|
|
|
|
Registered Office : |
Battle House 1 East
Barnet Road Barnet, EN4 8RR |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
14.02.1994 |
|
|
|
|
Com. Reg. No.: |
02897794 |
|
|
|
|
Legal Form : |
Private Subsidiary |
|
|
|
|
Line of Business : |
Traders, Importers and Exporters of General merchants |
|
|
|
|
No. of Employees : |
5 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United Kingdom - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).
|
Source : CIA |
DAYMOUNT
LTD
Battle House 1 East
Barnet Road
Barnet, EN4 8RR
United Kingdom
(Trading Address)
Tel: 020 8349 0039
Employees: 5
Company Type: Private Subsidiary
Corporate Family: 2 Companies
Ultimate Parent: Ickfield Ltd
Quoted Status: Non-quoted Company
Incorporation Date: 14-Feb-1994
Auditor: Taylors
Financials in: USD (In Millions)
Fiscal Year End: 31-Mar-2012
Reporting Currency: British Pound Sterling
Annual Sales: 9.7 1
Net Income: 0.0
Total Assets: 2.7
General merchants, traders, importers and exporters.
|
Industry |
|
|
ANZSIC 2006: |
|
|
NACE 2002: |
|
|
NAICS 2002: |
|
|
UK SIC 2003: |
|
|
UK SIC 2007: |
|
|
US SIC 1987: |
|
Name |
Title |
|
A. Nick |
Company Secretary |
|
Nitesh Juthani |
Director |
|
FYE: 31-Mar-2012 |
USD (mil) |
|
Key Figures |
|
|
Current Assets |
2.66 |
|
Fixed Assets |
0.0000 |
|
Total Liabilities |
2.18 |
|
Net Worth |
0.48 |
|
Key Ratios |
|
|
Current Ratio |
1.22 |
|
Acid Test |
1.11 |
Registered No.(UK): 02897794
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6267523
2 - Balance Sheet Item Exchange Rate: USD
1 = GBP 0.6281078
Location
Battle House 1 East Barnet Road
Barnet, EN4 8RR
Hertfordshire County
United Kingdom
Tel: 020
8349 0039
Sales GBP(mil): 6.1
Assets GBP(mil): 1.7
Employees: 5
Fiscal Year End: 31-Mar-2012
![]()
Industry: Miscellaneous
Capital Goods
Registered Address:
C/O Taylors
Battle House
1 East Barnet Road
Barnet, EN4 8RR
United Kingdom
Incorporation Date: 14-Feb-1994
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 02897794
![]()
Director: Nitesh
Juthani
|
ANZSIC 2006 Codes: |
||
|
3739 |
- |
Other Goods Wholesaling Not Elsewhere
Classified |
|
NACE 2002 Codes: |
||
|
5119 |
- |
Agents involved in the sale of a variety
of goods |
|
NAICS 2002 Codes: |
||
|
425120 |
- |
Wholesale Trade Agents and Brokers |
|
US SIC 1987: |
||
|
5099 |
- |
Durable Goods, Not Elsewhere Classified |
|
UK SIC 2003: |
||
|
5119 |
- |
Agents involved in the sale of a variety
of goods |
|
UK SIC 2007: |
||
|
4619 |
- |
Agents involved in the sale of a variety
of goods |
General merchants, traders, importers and exporters.
![]()
PC Manufacturers
|
Financials in: |
GBP(mil) |
1
Year Growth |
|
Revenue: |
6.1 |
-45.6% |
|
Net Income: |
0.0 |
NA |
|
Assets: |
1.7 |
NA |
|
Current Assets: |
1.7 |
|
|
Fixed Assets: |
0.0 |
|
|
Long Term Debt: |
0.0 |
|
|
Total Liabilities: |
1.4 |
|
|
Issued Capital: |
0.1 |
|
|
Working Capital: |
0.3 |
|
|
Net Worth: |
0.3 |
|
|
Date of Financial Data: |
31-Mar-2012 |
|
Auditor: |
Taylors |
|
Bank: |
Banco Bilbao Vizcaya |
|
Auditor: |
Taylors |
|
Auditor History |
|
|
Taylors |
31-Mar-2012 |
|
Taylors |
31-Mar-2011 |
|
Taylors |
31-Mar-2010 |
|
Taylors |
31-Mar-2009 |
|
Taylors |
31-Mar-2008 |
|
Description |
Action Date |
Publication |
Publication Date |
|
Striking Off Notice Discontinued |
13-Feb-2009 |
|
13-Feb-2009 |
|
Striking Off Notice |
23-Jan-2009 |
|
10-Feb-2009 |
|
Claim Form |
23-May-2007 |
|
05-Jul-2007 |
Daymount Ltd.
Total Corporate Family Members: 2
|
Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Ickfield Ltd |
Parent |
|
|
|
|
|
|
Subsidiary |
Barnet |
United Kingdom |
Miscellaneous Capital Goods |
9.7 |
5 |
|
|
|
|||
|
Director |
Director/Board Member |
|||
|
|||||
|
|
|
|||
|
Company Secretary |
Company Secretary |
|
Main Office Address: |
Tel: 020 8349 0039 |
Annual Return Date: 14
Feb 2012 |
|
Individual Directors |
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
17 Dec 1968 |
C/O Taylors, Battle House, |
01 Mar 2007 |
NA |
Current:1 |
|
|
|
Previous |
08 Jun 1939 |
1 St Johns Road, |
01 Jun 2000 |
22 Dec 2004 |
Current:1 |
|
|
|
Previous |
21 Aug 1973 |
8 Edmunds Walk, |
19 Dec 1996 |
01 Jun 2000 |
Current:1 |
|
|
|
Previous |
13 Feb 1973 |
300 Regents Park Road, Finchley Central, |
30 Sep 1994 |
01 Jun 2000 |
Current:0 |
|
|
|
Previous |
11 Jan 1972 |
9 Squirrels Close, |
24 Sep 2004 |
01 Mar 2007 |
Current:0 |
|
|
|
Corporate Directors |
|
|||||||||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
|||||||
|
First Directors Limited |
Previous |
72 New Bond Street, |
14 Feb 1994 |
30 Sep 1994 |
|
|||||||
|
Individual Secretaries |
||||||||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
|
|||||
|
Previous |
NA |
4 Little Common, |
01 Jun 2003 |
22 Dec 2004 |
Current:0 |
|
||||||
|
Previous |
26 May 1947 |
4 Little Common, |
30 Sep 1994 |
22 Dec 2004 |
Current:0 |
|
||||||
|
|
|
|||||||||||
|
|
|
|||||||||||
|
|
|
|
|
|
|
|
|
|||||
|
Corporate Secretaries |
||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
Taylors Secretaries Limited |
Previous |
Battle House, 1 East Barnet Road, |
24 Sep 2004 |
01 Oct 2009 |
|
First Secretaries Limited |
Previous |
72 New Bond Street, |
14 Feb 1994 |
30 Sep 1994 |
|
|
||||
|
Individual Shareholders |
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Ickfield Ltd |
75000 Ordinary GBP 1.00 |
Ordinary |
75,000 |
1.00 |
75,000.00 |
100.00 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|
There are no corporate shareholders for this company. |
|
|
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
9.7 |
17.3 |
23.2 |
- |
- |
|
Turnover (Exports) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Turnover |
9.7 |
17.3 |
23.2 |
20.8 |
18.2 |
|
Cost of Sales |
9.5 |
17.2 |
23.0 |
20.6 |
17.9 |
|
Gross Profit |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Other Expenses |
0.1 |
0.0 |
0.0 |
0.1 |
0.1 |
|
Operating Profit |
0.1 |
- |
- |
0.1 |
0.2 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit Before Taxes |
0.0 |
0.1 |
0.1 |
0.0 |
0.1 |
|
Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Wages |
0.0 |
0.0 |
0.0 |
- |
- |
|
Social Security Costs |
- |
0.0 |
0.0 |
- |
- |
|
Other Pension Costs |
- |
0.0 |
0.0 |
- |
- |
|
Employees Remuneration |
0.0 |
0.0 |
0.0 |
- |
- |
|
Directors Remuneration |
- |
0.0 |
0.0 |
0.0 |
0.0 |
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Stocks |
0.2 |
0.4 |
0.2 |
0.2 |
1.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
0.2 |
0.4 |
0.2 |
0.2 |
1.0 |
|
Trade Debtors |
1.1 |
2.5 |
3.6 |
5.3 |
2.9 |
|
Other Debtors |
0.2 |
1.1 |
1.0 |
0.0 |
0.0 |
|
Total Debtors |
1.3 |
3.6 |
4.6 |
5.3 |
2.9 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets |
1.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
2.7 |
4.0 |
4.9 |
5.5 |
3.9 |
|
Total Assets |
2.7 |
4.0 |
4.9 |
5.5 |
3.9 |
|
Trade Creditors |
2.0 |
3.3 |
4.3 |
5.0 |
3.2 |
|
Bank Overdraft |
- |
- |
- |
0.0 |
0.0 |
|
Inter-Company Creditors |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Accruals/Deferred Income (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Social Security/VAT |
- |
- |
0.0 |
0.0 |
0.0 |
|
Corporation Tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Total Current Liabilities |
2.2 |
3.6 |
4.5 |
5.2 |
3.5 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
0.4 |
0.3 |
0.3 |
0.2 |
0.3 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
0.5 |
0.4 |
0.4 |
0.3 |
0.4 |
|
Net Worth |
0.5 |
0.4 |
0.4 |
0.3 |
0.4 |
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate (Period
Average) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
0.1 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
0.0 |
-0.1 |
-0.1 |
-0.1 |
|
Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Capital Expenditures |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Financials in: USD (mil)
|
|
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.22 |
1.13 |
1.08 |
1.06 |
1.11 |
|
Liquidity Ratio |
1.11 |
1.01 |
1.03 |
1.02 |
0.82 |
|
Stock Turnover |
40.48 |
43.21 |
93.55 |
76.36 |
17.65 |
|
Credit Period (Days) |
41.12 |
50.79 |
59.00 |
108.71 |
57.82 |
|
Working Capital by Sales |
4.98% |
2.50% |
1.71% |
1.76% |
2.22% |
|
Trade Credit by Debtors |
1.79 |
1.34 |
1.20 |
0.95 |
1.13 |
|
Return on Capital |
9.62% |
13.75% |
16.05% |
9.15% |
19.22% |
|
Return on Assets |
1.74% |
1.53% |
1.24% |
0.52% |
1.98% |
|
Profit Margin |
0.48% |
0.34% |
0.27% |
0.16% |
0.43% |
|
Return on Shareholders Funds |
9.62% |
13.75% |
16.05% |
9.15% |
19.22% |
|
Borrowing Ratio |
18.66% |
20.21% |
22.68% |
25.92% |
28.00% |
|
Equity Gearing |
18.06% |
11.14% |
7.73% |
5.65% |
10.31% |
|
Interest Coverage |
0.82 |
0.62 |
0.55 |
0.54 |
0.61 |
|
Employee Remuneration by Sales |
0.10% |
0.05% |
0.04% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
75.08 |
68.98 |
71.52 |
104.48 |
66.43 |
|
Creditor Days (Sales Based) |
73.77 |
68.30 |
70.90 |
103.47 |
65.27 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.51 |
|
|
1 |
Rs.84.85 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.