MIRA INFORM REPORT

 

 

Report Date :

08.07.2014   

 

IDENTIFICATION DETAILS

 

Name :

COTSWOLD FASTENERS

 

 

Registered Office :

Winterwell Akeman Street Ampney Crucis Cirencester GLT 5EA

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

22.02.1984

 

 

Com. Reg. No.:

01794111

 

 

Legal Form :

Private unlimited with share capital

 

 

Line of Business :

Retail sale not in stores, stalls or markets

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

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

 

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

 

Source : CIA

 

 

Company name and address

 

Company Name:          COTSWOLD FASTENERS

Company No:               01794111

 

 

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

0

 

 

Current Directors

Name

Christine Edna Gear

Date of Birth

28/05/1954

Officers Title

Mrs

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

15/09/1991

 

 

Address

9 Yarrow Close, Gloucester, GL4 6SR

Other Actions

View Director Report

View Consumer Report

 

 

Name

Stuart Malcolm Gear

Date of Birth

27/06/1949

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

15/09/1991

 

 

Address

9 Yarrow Close, Gloucester, GL4 6SR

Other Actions

View Director Report

View Consumer Report

 

Current Company Secretary

Name

Christine Edna Gear

Date of Birth

28/05/1954

Officers Title

Mrs

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

15/09/1991

 

 

Address

9 Yarrow Close, Gloucester, GL4 6SR

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

 

 

NEGATIVE INFORMATION

 

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 -

-

 

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

 

 

Mortgage Details

 

Mortgage Type:

CHARGE ON BOOK DEBTS AND STOCK

Date Charge Created:

05/04/05

 

 

Date Charge Registered:

14/04/05

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

ALL BOOK DEBTS PRESENT AND FUTURE DUE OR OWING TO THE COMAPNY; ALL OTHER DEBTS,CLAIMS, RIGHTS AND CHOSES IN ACTION BOTH PRESENT AND FUTURE OF THE COMPANY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

FIRST FIXED CHARGE OVER CREDIT BALANCES

Date Charge Created:

30/07/01

 

 

Date Charge Registered:

03/08/01

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ALL AMOUNTS FROM TIME TO TIME STANDING TO THE CREDIT OF A CURRENT ACCOUNT IN THE NAME OF NATIONAL WESTMINSTER BANK PLC HELD AT CIRENCESTER BRANCH (SORT CODE 60-05-41 ACCOUNT NUMBER 46243755) AND EARMARKED OR DESIGNATED BY REFERENCE TO THE COMPANY AND ANY SUM OR SUMS FOR THE TIMEBEING REPRESENTING THE SAME IN WHATEVERFORM HELD

 

Mortgage Type:

CHARGE OVER CREDIT BALANCES

Date Charge Created:

08/02/00

 

 

Date Charge Registered:

18/02/00

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

THE SUM OF £50,000 TOGETHER WITH INTEREST ACCRUED NOW OR TO BE HELD BY NATIONALWESTMINSTER BANK PLCON AN ACCOUNT NUMBERED 08651469 AND EARMARKED OR DESIGNATED BY REFERENCE TO THE COMPANY

 

Mortgage Type:

FIRST FIXED CHARGE OVER CREDIT BALANCES

Date Charge Created:

01/10/99

 

 

Date Charge Registered:

06/10/99

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ALL AMOUNTS FROM TIME TO TIME STANDING TO THE CREDIT OF A BUSINESS RESERVE ACCOUNT NUMBERED 46226400, A CAPITAL RESERVEACCOUNT NUMBERED 46226745, ACORPORATE DIAMOND RESERVE ACCOUNT NUMBERED 46226753WITH THE BANK

 

Mortgage Type:

DEBENTURE

Date Charge Created:

28/08/98

 

 

Date Charge Registered:

02/09/98

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE CITY (EUROPE) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

10/10/97

 

 

Date Charge Registered:

13/10/97

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BROADCASTLE FINANCE LIMITED

Amount Secured:

£45,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THECHARGEE UNDER A LOAN AGREEMENT OF EVEN DATE

Details:

EQUIPMENT CONSISTING OF THREE VIBRO "ORGANPACK AND COUNT" MACHINES RESPECTIVELYMARKED BC001,BC002 AND BC003

 

Mortgage Type:

NOTICE OF RETENTION OF TITLE

Date Charge Created:

24/01/97

 

 

Date Charge Registered:

04/02/97

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE CITY (EUROPE) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE PURSUANT TO THE TERMS OF THE CHARGE

Details:

THE GOODS SUPLIED BY THE CHARGEE TO THECOMPANY & THE PROCEEDS OF SALE OF THE GOODS HELD BY THE COMPANY IN THE CAPACITYOF COMMISSION AGENTSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

NOTICE OF RETENTION OF TITLE

Date Charge Created:

21/06/96

 

 

Date Charge Registered:

02/07/96

 

 

Date Charge Satisfied:

08/02/97

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE CITY (EUROPE) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER ANY CONTRACTS FOR THE SALE OFGOODS

Details:

THE GOODS SUPPLIED UNDER CONFIRMATION ORDER DATED 21/6/96 AND PROCEEDS OF SALE THEREOF; ALL OTHER INTEREST SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

NOTICE OF RETENTION OF TITLE

Date Charge Created:

12/06/96

 

 

Date Charge Registered:

02/07/96

 

 

Date Charge Satisfied:

08/02/97

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE CITY (EUROPE) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER ANY CONTRACTS FOR THE SALE OFGOODS

Details:

THE GOODS SUPPLIED UNDER DELIVERY NOTE NO: 1926 AND ALL PROCEEDS OF THEIR SALE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

NOTICE OF RETENTION OF TITLE

Date Charge Created:

02/08/95

 

 

Date Charge Registered:

08/08/95

 

 

Date Charge Satisfied:

08/02/97

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE CITY (EUROPE) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER ANY CONTRACTS FOR THE SALE OFGOODS FOR THE TIMEBEING OUTSTANDING AT ANY TIME DURING THE EXISTENCE OF THIS CHARGE

Details:

THE GOODS SUPPLIED UNDER DELIVERY NOTE NO. 1633 BY THE CHARGEE TO THE COMPANY. THE PROCEEDS OF SALEOF THE GOODS HELD BY THE COMPANY IN THE CAPACITY OF COMMISSION AGENT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

NOTICE OF RETENTION OF TITLE

Date Charge Created:

26/07/95

 

 

Date Charge Registered:

29/07/95

 

 

Date Charge Satisfied:

08/02/97

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE CITY (EUROPE) PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER ANY CONTRACTS FOR THE SALE OFGOODS

Details:

THE GOODS SUPPLIED UNDER DELIVERY NOTE NO. 1630 BY THE CHARGEE TO THE COMPANY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

07/08/92

 

 

Date Charge Registered:

12/08/92

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

LAND AT RENDCOMB GLOUCESTERSHIRE PART OS4317 T/NO GR 135892 AND THE PROCEEDS OFSALE THEREOF TOGETHERWITH AFLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

28/02/92

 

 

Date Charge Registered:

05/03/92

 

 

Date Charge Satisfied:

13/07/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

 

Details:

LAND LYING NORTH EAST OF CHELTENHAM ROAD, BAUNTON, CIRENCESTER, COTSWOLD, GLOUCESTERSHIRE, AND/OR THE PROCEEDS OF SALE THEREOF. TITLE NUMBER GR109212.FLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERYIMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

28/02/92

 

 

Date Charge Registered:

05/03/92

 

 

Date Charge Satisfied:

13/07/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

 

Details:

F/H 6-8 SIDDINGTON ROAD, CIRENCESTER, GLOUCESTERSHIRE, AND/OR THE PROCEEDS OF SALE THEREOF.FLOATINGCHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

28/02/92

 

 

Date Charge Registered:

05/03/92

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

LAND AT RENDCOMB CIRENCESTER GLOUCESTERSHIRE AND/OR THE PROCEEDS OF SALE THEREOF. TITLE NUMBER GR127549.FLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

 

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

20/06/90

 

 

Date Charge Registered:

26/06/90

 

 

Date Charge Satisfied:

13/03/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

 

Mortgage Type:

CHARGE

Date Charge Created:

29/10/87

 

 

Date Charge Registered:

11/11/87

 

 

Date Charge Satisfied:

11/11/87

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

WESTPAC BANKING CORPORATION

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL FIXTURES FIXED PLANT AND MACHINERY STOCKS/SHARES (REFER TOFORM 395 FOR FULL DETAILS)

 

Mortgage Type:

DEBENTURE

Date Charge Created:

25/06/84

 

 

Date Charge Registered:

04/07/84

 

 

Date Charge Satisfied:

04/07/84

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MR STUART M. GEAR

GBP

22,000

ORDINARY

1

55

CHRISTINE E. GEAR

GBP

18,000

ORDINARY

1

45

 

 

PAYMENT INFORMATION

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade:        11

Total Value of Documented Trade:           £17,287

 

Average Invoice Value

£88.91

Invoices available

253

Paid

253

Outstanding

0

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

107

107

31

8

0

Outstanding

0

0

0

0

0

 

Creditor Details

 

Total Number

Total Value

Trade Creditors

0

-

 

No Creditor Data

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

11

£17,287

 

Company Name

Amount

Statement Date

N England Fasteners Ltd

£3,811

18/03/2014

Plymouth Fastener Company Limited

£2,674

10/11/2009

Multiple Fixings & Supplies Limited

£2,546

24/04/2012

P A Hill Fasteners Ltd

£1,682

30/11/2011

Impact Power Tools (Surrey) Ltd

£1,489

07/02/2011

T M S Gainsborough Ltd

£1,474

05/01/2012

P S I Euro Limited

£1,119

21/01/2010

The Fixings Company Limited

£1,003

02/02/2010

John Howard & Sons (Walkden) Limited

£756

16/07/2012

Surrey Packs Limited

£633

25/11/2009

Baddeley Rose Limited

£100

26/03/2010

 

Enquiries Trend

There have been 48 enquiries in the last 12 months.

There are an average of 4 reports taken each month.

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

Group structure

No group structure

 

 

FINANCIAL INFORMATION

 

 

 

Profit & Loss

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

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

£52,244

-11.9%

£59,326

40.2%

£42,319

43.5%

£29,500

1.3%

£29,133

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Tangible Assets

£175,805

-17.6%

£213,405

-12%

£242,490

20.6%

£201,053

-0.5%

£202,059

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£175,805

-17.6%

£213,405

-12%

£242,490

20.6%

£201,053

-0.5%

£202,059

Stock

£790,360

-16%

£940,460

13.7%

£826,857

-6.7%

£886,123

5.6%

£839,303

Trade Debtors

£501,653

11%

£451,999

-18.7%

£556,238

-1.9%

£567,166

32.5%

£428,169

Cash

£3

-

£3

-

£3

-96.9%

£98

44.1%

£68

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,292,016

-7.2%

£1,392,462

0.7%

£1,383,098

-4.8%

£1,453,387

14.7%

£1,267,540

Trade Creditors

£768,623

-13.1%

£884,790

-5%

£931,041

10%

£846,172

20.5%

£702,117

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

£768,623

-13.1%

£884,790

-5%

£931,041

10%

£846,172

20.5%

£702,117

Bank Loans & Overdrafts and LTL

£348,786

9.5%

£318,659

10.5%

£288,370

-54.2%

£629,746

-23.4%

£822,185

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£348,786

9.5%

£318,659

10.5%

£288,370

-54.2%

£629,746

-23.4%

£822,185

 

 

Capital & Reserves

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Called Up Share Capital

£40,000

-

£40,000

-

£40,000

-

£40,000

-

£40,000

P & L Account Reserve

£310,412

-14.3%

£362,418

-1%

£366,177

164.3%

£138,522

246.3%

-£94,703

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£350,412

-12.9%

£402,418

-0.9%

£406,177

127.5%

£178,522

426.3%

-£54,703

 

 

Other Financial Items

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Worth

£350,412

-12.9%

£402,418

-0.9%

£406,177

127.5%

£178,522

426.3%

-£54,703

Working Capital

£523,393

3.1%

£507,672

12.3%

£452,057

-25.6%

£607,215

7.4%

£565,423

Total Assets

£1,467,821

-8.6%

£1,605,867

-1.2%

£1,625,588

-1.7%

£1,654,440

12.6%

£1,469,599

Total Liabilities

£1,117,409

-7.1%

£1,203,449

-1.3%

£1,219,411

-17.4%

£1,475,918

-3.2%

£1,524,302

Net Assets

£350,412

-12.9%

£402,418

-0.9%

£406,177

127.5%

£178,522

426.3%

-£54,703

 

Miscellaneous

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£699,198

-3%

£721,077

3.8%

£694,547

-14.1%

£808,268

5.3%

£767,482

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

GRIFFITHS MARSHALL

Auditor Comments

The audit report contains no adverse comments

Bankers

NATIONAL WESTMINSTER BANK PLC

Bank Branch Code

 

 

 

Ratios

Date Of Accounts

31/12/13

31/12/12

31/12/11

31/12/10

31/12/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.68

1.57

1.49

1.72

1.81

Sales/Net Working Capital

-

-

-

-

-

Gearing %

99.50

79.20

71

352.80

-1503

Equity in %

23.90

25.10

25

10.80

-3.70

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.65

0.51

0.59

0.67

0.60

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

2.19

2.19

2.29

4.73

-12.83

Total Debt Ratio

3.18

2.99

3

8.26

-27.86

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Status History

No Status History found

 

 

Event History

Date

Description

21/04/2014

New Accounts Filed

01/10/2013

Annual Returns

16/04/2013

New Accounts Filed

28/09/2012

Annual Returns

19/04/2012

New Accounts Filed

26/09/2011

Annual Returns

28/03/2011

New Accounts Filed

11/10/2010

Annual Returns

18/03/2010

New Accounts Filed

02/11/2009

Annual Returns

31/05/2009

New Accounts Filed

19/10/2008

Annual Returns

17/09/2008

New Accounts Filed

16/05/2008

New Accounts Filed

06/05/2008

Accounts Overdue

 

Previous Company Names

No Previous Names found

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

There is insufficient data to indicate a change in this company's percentage of sales.

Net Worth decreased by 12.9% during the latest trading period.

 

A 8.6% decline in Total Assets occurred during the latest trading period.

There is insufficient data to indicate a change in this company's pre-tax profit.

The audit report contains no adverse comments.

No recent changes in directorship are recorded.

The company is not part of a group.

The movement in accumulated earnings would indicate that the company incurred a loss after tax and other appropriations, including dividends.

The company was established over 30 years ago.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.95

UK Pound

1

Rs.102.78

Euro

1

Rs.81.39

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

Report Prepared by :

NIS

 

               

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.