|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
AXMINSTER TOOL CENTRE LTD |
|
|
|
|
Formerly Known
as: |
AXMINSTER POWER TOOL CENTRE LIMITED |
|
|
|
|
Registered Office : |
Unit 10 Weycroft Avenue, Axminster, Devon, Ex13 5ph |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2012 |
|
|
|
|
Date of Incorporation : |
04.03.1997 |
|
|
|
|
Com. Reg. No.: |
03326979 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesaler of machine
tools |
|
|
|
|
No. of Employees : |
232 (2012) |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 second largest economy in Europe after Germany.
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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an
asset purchase program of up to £375 billion (approximately $605 billion) as of
December 2012. 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). In 2012, weak consumer spending and
subdued business investment weighed on the economy. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase.
|
Source : CIA |
|
Telephone |
087 0060 0388 |
||
|
UNIT 10 WEYCROFT AVENUE AXMINSTER DEVON EX13 5PH United Kingdom |
Fax |
- |
|
|
Website |
|||
|
Company Number: Foundation: |
03326979 04/03/1997 |
Status: VAT No |
Active - Accounts Filed GB 161 467900 |
No exact match CCJs are recorded against the company. Sales in the latest trading period increased 7.7% on the previous trading period. Net Worth increased by 10.4% during the latest trading period. A 2.8% growth in Total Assets occurred during the latest trading period. The audit report contains no adverse comments.
The credit limit on this company has fallen 3.1% in comparison
to the previously suggested
credit limit. Pre-tax
profits decreased by 52.9% compared to the previous trading period. The company saw a decrease in their Cash Balance of 19.9% during
the latest trading period.
There has been no significant change in the company’s
credit rating. No recent changes in directorship are recorded. The company
is part of a group. The company has changed its registered name recently.
The company was
established over 16 years ago
Legal form
Private limited
with Share Capital
Foundation
04/03/1997
Company No.
03326979
Previous Names
Date of Change Previous
Name
30/09/2011 AXMINSTER POWER TOOL CENTRE LIMITED
20/08/2002 STYLES
AND BROWN LIMITED
Shareholders
Name Currency
Number of Share type Nominal value
Shares
STYLES & BROWN LTD GBP 100,000 ORDINARY 1
Total Share Capital GBP100,000
Directors
|
Name |
Address: |
Date of birth |
Nationality |
Appointment date |
|
|
Mr Darran
Calvin McLeod |
Unit 10 Weycroft Avenue, Axminster, Devon EX13 5PH |
10/03/1979 |
British |
07/01/2011 |
|
|
Miss Hayley
Jean Styles |
Unit 10 Weycroft Avenue, Axminster, Devon EX13 5PH |
06/12/1987 |
British |
07/01/2011 |
|
|
Mrs Jane
Boulton |
Unit 10 Weycroft Avenue, Axminster, Devon EX13 5PH |
12/05/1966 |
British |
07/01/2011 |
|
|
Mr Bernard George
Styles |
Unit 10 Weycroft Avenue, Axminster, Devon EX13 5PH |
10/09/1949 |
British |
03/04/1997 |
|
|
Mrs Katina Jean
Styles |
Unit 10 Weycroft Avenue, Axminster, Devon EX13 5PH |
07/04/1958 |
British |
03/04/1997 |
|
|
Mr Ian Victor
Styles |
Unit 10 Weycroft
Avenue, Axminster, Devon EX13 5PH |
08/02/1957 |
British |
03/04/1997 |
|
Mr Andrew
John Parkhouse |
Unit 10 Weycroft
Avenue, Axminster, Devon EX13 5PH |
07/02/1966 |
British |
05/01/2001 |
|
Mr Martin
Joseph Brown |
Unit 10 Weycroft
Avenue, Axminster, Devon EX13 5PH |
12/01/1961 |
British |
11/05/2007 |
|
Mr Andrew
Neil Thomas |
Unit 10 Weycroft
Avenue, Axminster, Devon EX13 5PH |
02/01/1952 |
British |
05/02/2003 |
|
Mr Michael Patton Trimble |
26 Buckerell Avenue, Exeter, Devon EX2 4RD |
07/01/1969 |
British |
09/11/2006 |
|
Mr Alan Victor
Styles |
Unit 10 Weycroft
Avenue, Axminster, Devon EX13 5PH |
02/05/1976 |
British |
04/06/2008 |
|
Mr Andrew
Neil Thomas |
Unit 10 Weycroft
Avenue, Axminster, Devon EX13 5PH |
02/01/1952 |
British |
05/02/2003 |
|
Company Secretary |
||
|
Name |
Address: |
Appointment
date |
|
Mr Andrew
Neil Thomas |
Unit 10 Weycroft
Avenue, Axminster, Devon EX13
5PH |
06/06/2006 |
Other Known Addresses
Unit 10, Weycroft Avenue, Millwey Rise Industrial Estate, Axminster,
Devon EX13 5PH
Company No.
Name Status Country
Ultimate parent
03507847 STYLES & BROWN LTD Active
United Kingdom
Affiliated companies
04464448 Axminster Logistics Limited Non Trading United Kingdom
04663654 Brimarc Associates Limited Non Trading United Kingdom
Immediate parent
03507847 STYLES & BROWN LTD Active United Kingdom
Main activity
Wholesale of machine
tools
Other specialist stores n.e.c
Turnover & employees
|
Turnover |
Employees |
|
|
30.04.2010 |
GBP 27,471,727 |
215 |
|
30.04.2011 |
GBP 29,230,362 |
218 |
|
30.04.2012 |
GBP 31,492,339 |
232 |
Banks
|
Bank Name |
Bank Branch Sort Code |
|
HSBC BANK PLC |
40-20-30 |
Auditor
Auditor name
FRANCIS CLARK LLP
Events
Company
history
Date Action
25/01/2009 New Accounts Filed
03/03/2009 Annual
Returns
10/02/2010 New Accounts Filed
10/02/2010 New Accounts Filed
03/03/2010 Annual
Returns
28/01/2011 New Accounts Filed
28/01/2011 New Accounts Filed
30/03/2011 Annual
Returns
25/06/2011 Mr S.M. Berryman
has left the board
25/06/2011 Mrs M.A. Styles has left the board
22/07/2011 New Board Member
Mrs J. Boulton appointed
28/07/2011 New Board Member
Miss H.J. Styles appointed
28/07/2011 New Board Member Mr D.C. McLeod appointed
05/10/2011 Change of Name
04/02/2012 New Accounts Filed
04/02/2012 New Accounts Filed
03/03/2012 Annual Returns
12/09/2012 New Accounts Filed
12/09/2012 New Accounts Filed
13/03/2013 Annual
Returns
|
Mortgage type |
DEBENTURE |
|
Charge created |
15/05/1997 |
|
Charge registered |
21/05/1997 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
|
|
|
|
Mortgage type |
LEGAL MORTGAGE |
|
Charge created |
05/06/1997 |
|
Charge registered |
07/06/1997 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
L/H PROPERTY
K/A BERWYN HOUSE CHARD STREET AXMINSTER DEVON WITH
THE BENEFIT OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CON- TRACTS
DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROP-
ERTY ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME
TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUN- DER ANY LEASE
LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROP-
ERTY |
|
|
|
|
Mortgage type |
LEGAL MORTGAGE |
|
Charge created |
05/06/1997 |
|
Charge registered |
07/06/1997 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
L/H PROPERTY
K/A WAREHOUSE AND OFFICES
AT MILLWEY RISE INDUSTRIAL ESTATE NSTER
DEVON WITH THE BENEFIT OF ALL RIGHTS
LICENCES GUARAN- TEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSI- NESSFROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY
LEASE LICENCE OR OTHER
INTEREST CRE- ATED IN RESPECT
OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
|
|
|
|
Mortgage type |
LEGAL MORTGAGE |
|
Charge created |
20/09/2001 |
|
Charge registered |
04/10/2001 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE FREEHOLD PROPERTY AT PLOT DC.807.2 MILLWEY RISE INDUSTRIAL ES- TATE AXMINSTERDEVON TITLE NUMBER DN366609
WITH THE BENEFIT
OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDER-
TAKINGS AND WARRANTIES RELATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE
LI- CENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
|
|
|
|
Mortgage type |
LEGAL MORTGAGE |
|
Charge created |
20/09/2001 |
|
Charge registered |
04/10/2001 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE FREEHOLD PROPERTY BEING
LAND AT MILLWEY
RISE INDUSTRIAL ESTATE (1.315 ACRES)
AXMINSTER DEVON
TITLE NUMBER DN355500 WITH THE BENEFIT
OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR
THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE
LI- CENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
|
|
|
|
Mortgage type |
LEGAL MORTGAGE |
|
Charge created |
20/09/2001 |
|
Charge registered |
04/10/2001 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE FREEHOLD PROPERTY BEING
LAND AND BUILDINGS LYING TO THE SOURTH
EAST OF CHARD STREET AXMINSTER DEVON TITLE NUMBER DN329344 WITH
THE BENEFIT OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CON- TRACTS
DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROP-
ERTY ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME
TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUN- DER ANY LEASE
LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROP-
ERTY |
|
|
|
|
Mortgage type |
LEGAL MORTGAGE |
|
Charge created |
03/10/2001 |
|
Charge registered |
04/10/2001 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE LEASEHOLD PROPERTY AT GROUND FLOOR
OF MCNEIL HOUSE
GEORGE STREET AXMINSTER DEVON AND
PASSAGEWAY WITH
THE BENEFIT OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDER-
TAKINGS AND WARRANTIES RELATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE
LI- CENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
|
|
|
|
Mortgage type |
LEGAL MORTGAGE |
|
Charge created |
31/10/2003 |
|
Charge registered |
05/11/2003 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE F/H PROPERTY K/A LAND AT MILLWEY RISE
INDUSTRIAL ESTATE,
AXMIN- STER, WITH THE BENEFIT OF ALL RIGHTS
LICENCES GUARANTEES RENT DE- POSITS
CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RE- SPECT
OF THE PROPERTY AND
ALL OTHER PAYMENTS
WHATEVER IN RE- SPECTOF THE PROPERTY |
|
|
|
|
Mortgage type |
FIXED CHARGE ON PURCHASED DEBTS
WHICH FAIL TO VEST |
|
Charge created |
02/09/2005 |
|
Charge registered |
03/09/2005 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE
FINANCE (UK) LIMITED |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER
THE TERMS OF THE AFOREMEN- TIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage detail |
BY WAY OF FIXED
EQUITABLE CHARGE
ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN
THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS
RELATING THERETO) WHICH
FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER
FOR ANY REASON |
|
|
|
|
Mortgage type |
CHATTELS MORTGAGE |
|
Charge created |
14/03/2006 |
|
Charge registered |
15/03/2006 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK) LIM- ITED |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
POWERED CONVEYOR SYSTEM SERIAL
NO. MODULES 1-48; EUROSHELVING SYSTEM
ZONE A-A1-A108; EUROSHELVING SYSTEM ZONE B-B1-B135(FOR DE- TAILS
OF FURTHER CHATTELS CHARGED PLEASE REFER
TO FORM 395) SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Mortgage type |
LEGAL MORTGAGE |
|
Charge created |
23/03/2006 |
|
Charge registered |
25/03/2006 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
F/H THE TEACHING ROOMS AT THE MCNEIL
HOUSE GEORGE STREET
AXMIN- STER WITH THE BENEFIT
OF ALL RIGHTS
LICENCES GUARANTEES RENT DE- POSITS
CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RE- SPECT
OF THE PROPERTY AND
ALL OTHER PAYMENTS
WHATEVER IN RE- SPECTOF THE PROPERTY |
County Court Judgments (CCJs)
There are no County
Court Judgments listed
against this company
Profit & Loss
|
|
52 GBP Group: No |
30/04/2011 52 GBP Group: No |
30/04/2010 52 GBP Group: No |
30/04/2009 52 GBP Group: No |
|
Turnover |
31,492,339 |
29,230,362 |
27,471,727 |
26,980,271 |
|
Export |
2,818,298 |
2,690,040 |
2,219,923 |
1,917,299 |
|
Cost of Sales |
19,255,200 |
17,797,397 |
16,399,471 |
16,237,493 |
|
Gross Profit |
12,237,139 |
11,432,965 |
11,072,256 |
10,742,778 |
|
Wages And Salaries |
5,075,561 |
4,536,000 |
4,712,752 |
4,504,457 |
|
Directors Emoluments |
653,364 |
424,101 |
1,016,454 |
828,205 |
|
Operating Profit |
573,615 |
1,028,688 |
827,947 |
578,697 |
|
Depreciation |
484,350 |
472,175 |
470,296 |
472,126 |
|
Audit Fees |
19,000 |
22,000 |
19,549 |
24,750 |
|
Interests Payments |
154,290 |
138,695 |
107,934 |
251,468 |
|
Pre Tax Profit |
419,325 |
889,993 |
1,064,200 |
327,522 |
|
Taxation |
-24,395 |
-187,583 |
-346,506 |
-64,095 |
|
Profit After Tax |
394,930 |
702,410 |
717,694 |
263,427 |
|
Dividends Payable |
0 |
250,000 |
576,000 |
0 |
|
Retained Profit |
394,930 |
452,410 |
141,694 |
263,427 |
Balance sheet
|
|
52 GBP Group: No |
30/04/2011 52 GBP Group: No |
30/04/2010 52 GBP Group: No |
30/04/2009 52 GBP Group: No |
|
Tangible Assets |
3,224,270 |
3,091,178 |
2,170,344 |
2,823,973 |
|
Intangible Assets |
30,618 |
36,147 |
41,676 |
47,205 |
|
Total Fixed Assets |
3,254,888 |
3,127,325 |
2,212,020 |
2,871,178 |
|
Stock |
7,275,766 |
7,618,335 |
6,788,529 |
6,337,985 |
|
Trade Debtors |
954,325 |
936,897 |
818,887 |
733,912 |
|
Cash |
985 |
1,229 |
1,682,653 |
1,987,155 |
|
Other Debtors |
1,915,912 |
1,354,977 |
1,200,758 |
730,900 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
10,146,988 |
9,911,438 |
10,490,827 |
9,789,952 |
|
Trade Creditors |
4,525,125 |
4,630,800 |
3,830,666 |
2,980,345 |
|
Bank Loans and Overdraft |
2,200,539 |
1,885,931 |
3,267,798 |
4,048,364 |
|
Other Short
Term Finance |
12,678 |
0 |
14,144 |
314,861 |
|
Miscellaneous Current Liabilities |
1,917,506 |
2,073,330 |
2,018,335 |
795,030 |
|
Total Current Liabilities |
8,655,848 |
8,590,061 |
9,130,943 |
8,138,600 |
|
Bank Loans and Overdrafts LTL |
2,648,596 |
2,431,592 |
3,481,379 |
5,253,194 |
|
Other Long Term Finance |
19,657 |
0 |
0 |
14,171 |
|
Total Long Term Liabilities |
448,057 |
545,661 |
213,581 |
1,204,830 |
Capital & Reserves
|
|
52 GBP Group: No |
30/04/2011 52 GBP Group: No |
30/04/2010 52 GBP Group: No |
30/04/2009 52 GBP Group: No |
|
Called Up Share
Capital |
100,000 |
100,000 |
100,000 |
100,000 |
|
P and L Account Reserve |
4,105,663 |
3,710,733 |
3,258,323 |
3,217,700 |
|
Revaluation Reserve |
92,308 |
92,308 |
0 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
4,297,971 |
3,903,041 |
3,358,323 |
3,317,700 |
Other Financial Items
|
|
52 GBP Group: No |
30/04/2011 52 GBP Group: No |
30/04/2010 52 GBP Group: No |
30/04/2009 52 GBP Group: No |
|
Net Worth |
4,267,353 |
3,866,894 |
3,316,647 |
3,270,495 |
|
Working Capital |
1,491,140 |
1,321,377 |
1,359,884 |
1,651,352 |
|
Total Assets |
13,401,876 |
13,038,763 |
12,702,847 |
12,661,130 |
|
Total Liabilities |
9,103,905 |
9,135,722 |
9,344,524 |
9,343,430 |
|
Net Assets |
4,297,971 |
3,903,041 |
3,358,323 |
3,317,700 |
Cash Flow
|
|
52 GBP Group: No |
30/04/2011 52 GBP Group: No |
30/04/2010 52 GBP Group: No |
30/04/2009 52 GBP Group: No |
|
Net Cash Flow from
Operations |
0 |
0 |
1,285,106 |
2,179,323 |
|
Net Cash Flow before Financing |
0 |
0 |
1,422,208 |
1,297,532 |
|
Net Cash Flow from
Financing |
0 |
0 |
-1,163,206 |
-599,732 |
|
Increase in Cash |
-244 |
-1,681,424 |
-304,502 |
1,089,087 |
Miscellaneous
|
|
52 GBP Group: No |
30/04/2011 52 GBP Group: No |
30/04/2010 52 GBP Group: No |
30/04/2009 52 GBP Group: No |
|
Capital Employed |
4,746,028 |
4,448,702 |
3,571,904 |
4,522,530 |
Financial Ratios
|
Name |
30/04/2012 |
30/04/2011 |
30/04/2010 |
30/04/2009 |
|
Pre Tax Profit Margin |
1.33 % |
3.04 % |
3.87 % |
1.21 % |
|
Current Ration |
1.17 |
1.15 |
1.15 |
1.20 |
|
Sales or Net Working Capital |
21.12 |
22.12 |
20.20 |
16.34 |
|
Gearing |
61.62 % |
62.30 % |
103.66 % |
158.34 % |
|
Equity |
32.14 % |
30.02 % |
26.52 % |
26.30 % |
|
Creditor Days |
52.30 |
57.66 |
50.75 |
40.20 |
|
Debtor Days |
11.03 |
11.66 |
10.85 |
9.90 |
|
Liquidity or Acid test |
0.33 |
0.26 |
0.40 |
0.42 |
|
Return on Capital Employed |
8.83 % |
20.00 % |
29.79 % |
7.24 % |
|
Return on Total Assets Employed |
3.12 % |
6.82 % |
8.37 % |
2.58 % |
|
Current Debt Ratio |
2.01 % |
2.20 % |
2.71 % |
2.45 % |
|
Total Debt Ratio |
2.11 % |
2.34 % |
2.78 % |
2.81 % |
|
Stock Turnover Ratio |
23.10 % |
26.06 % |
24.71 % |
23.49 % |
|
Return on Net Assets Employed |
9.75 % |
22.80 % |
31.68 % |
9.87 % |
REMARKS
The financial statement reports that turnover has increased but with a reduction in profitability. The general financial position appears satisfactory with continuing increases in shareholders funds.
Net Profit Year Ended 30/04/2012 – 394,930GBP
Net Profit Year Ended 30/04/2011 – 452,410GBP
Activity: Selling Power + Hand Tools + Workshop Accessories
Trading Address
Confirmed : The Trafalgar Way, Axminster, Devon EX13 5SN
Branches: 5
Employees: 232
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
UK Pound |
1 |
Rs.99.29 |
|
Euro |
1 |
Rs.83.68 |
INFORMATION DETAILS
|
Report
Prepared by : |
MNL |
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.