MIRA INFORM REPORT

 

 

Report Date :

19.06.2014 

 

IDENTIFICATION DETAILS

 

Name :

MIRAGE INKS LIMITED

 

 

Formerly Known As :

FORMTRITION LIMITED

 

 

Registered Office :

Unit A  Coombe End Radstock BA3 3AW

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

29.12.1983

 

 

Com. Reg. No.:

01781305 

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Subject is engaged in Ink Manufacturing to the printing

 

 

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:           MIRAGE INKS LIMITED

Company No:                01781305

 

 

Registered Address:

UNIT A

COOMBE END

RADSTOCK

BA3 3AW

 

 

Company summary

 

Company Name:           MIRAGE INKS LIMITED

Previous Name              FORMTRITION LIMITED

Company No:                01781305

Tel No.:                         01761436498

Registered Address:      UNIT A

COOMBE END

RADSTOCK

BA3 3AW

Website Address :         www.mirageinks.com

Telephone Number         -

TPS :                             -

Incorporation Date :       29.12.1983

Currency:                      GBP

SIC07                           47990

SIC07 Description         Ink Manufacturing to the printing

Trading Address :          342B Rear, First Floor

Bath Road

Hounslow

TW4 7HW

TW4 7HW

Fax Number:                 -

FPS :                            No

Type  :                          Private limited with Share Capital

FTSE Index:                  -

Filing Date of Accounts : 27/11/2013

Date of change             27/11/2013

Share Capital :              £200,555

SIC07                           32990

 

 

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

6

Current Directors

Name

Stephen John Fisher

Date of Birth

19/06/1947

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

20/04/1992

 

 

Address

3 Kilmersdon Road, Radstock, Bath, Avon, BA3 3QJ

Other Actions

View Director Report

View Consumer Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Elaine Fisher

Date of Birth

15/10/1949

Officers Title

Mrs

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

20/04/1992

 

 

Address

3 Kilmersdon Road, Radstock, Bath, Avon, BA3 3QJ

Other Actions

View Director Report

View Consumer Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Julie Dawn Fevin

Date of Birth

10/12/1959

Officers Title

Ms

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

14/01/2007

 

 

Address

Ivyleaf Cottage, West End, Somerton, Somerset, TA11 6RW

Other Actions

View Director Report

View Consumer Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

Current Company Secretary

Name

Stephen John Fisher

Date of Birth

19/06/1947

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

20/04/1992

 

 

Address

3 Kilmersdon Road, Radstock, Bath, Avon, BA3 3QJ

 

Previous Directors

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Bruce Wallace McKay

2

2

Ronald Packham

0

1

Stephen Lawrence Plumley

2

1

Keith Turner

2

2

Peter Cooper

1

1

Martin James Addicott

1

2

 

 

NEGATIVE INFORMATION

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

../../SCARLET_BACK-UPREPORTS4ECCJDetails.aspx?CompanyNumber=01781305

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

../../SCARLET_BACK-UPREPORTS4ECCJDetails.aspx?CompanyNumber=01781305

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

../../SCARLET_BACK-UPREPORTS4ECCJDetails.aspx?CompanyNumber=01781305

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

Mortgage Details

Mortgage Type:

DEBENTURE

Date Charge Created:

20/09/10

 

 

Date Charge Registered:

22/09/10

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

14/04/03

 

 

Date Charge Registered:

16/04/03

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

BABBINGTON STABLES LOWERFIELD FARM KILMERSDON F/H WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEESRENT 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 LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

14/04/03

 

 

Date Charge Registered:

16/04/03

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

PLOT 4 HORTON WOOD 8 TELFORD F/H WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS INANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED ON ATTHE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED INRESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

26/02/03

 

 

Date Charge Registered:

07/03/03

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK 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:

ALL ASSETS DEBENTURE DEED

Date Charge Created:

13/11/00

 

 

Date Charge Registered:

23/11/00

 

 

Date Charge Satisfied:

26/08/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Amount Secured:

 

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:

MORTGAGE

Date Charge Created:

26/07/91

 

 

Date Charge Registered:

29/07/91

 

 

Date Charge Satisfied:

26/08/10

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS BANK PLC

Amount Secured:

 

Details:

PLOT 4 HORTONWOOD 8 TELFORD SHROPSHIREFLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

 

Mortgage Type:

SINGLE DEBENTURE

Date Charge Created:

27/06/86

 

 

Date Charge Registered:

30/06/86

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS BANK 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

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

MR STEPHEN JOHN FISHER

GBP

100,000

ORDINARY

1

MR STEPHEN L. PLUMLEY

GBP

50,000

ORDINARY

1

MR RONALD A.G PACKHAM

GBP

50,000

ORDINARY

1

MR STEPHEN JOHN FISHER

GBP

26

ORDINARY A NON VOTING

10

DAVID HEAL

GBP

1

ORDINARY A NON VOTING

10

TRACEY YOUNG

GBP

2

ORDINARY A NON VOTING

10

ANDREW BARRELL

GBP

1

ORDINARY A NON VOTING

10

JULIE DAWN FEVIN

GBP

1

ORDINARY B NON VOTING

1

GARY ATKINSON

GBP

1

ORDINARY A NON VOTING

10

ANTONY NINEHAM

GBP

2

ORDINARY A NON VOTING

10

MR STEPHEN JOHN FISHER

GBP

1

ORDINARY B NON VOTING

1

CORIN FRANCIS

GBP

1

ORDINARY A NON VOTING

10

STEPHEN MILLEN

GBP

2

ORDINARY A NON VOTING

10

RICHARD FORD

GBP

1

ORDINARY A NON VOTING

10

FIONA GAFFNEY

GBP

1

ORDINARY A NON VOTING

10

SARAH CARTER

GBP

1

ORDINARY A NON VOTING

10

CRISPIN JOHN FRANCIS

GBP

1

ORDINARY A NON VOTING

10

LYNETTE FORD

GBP

1

ORDINARY A NON VOTING

10

PHILLIP ADAIR

GBP

1

ORDINARY A NON VOTING

10

ELAINE FISHER

GBP

1

ORDINARY B NON VOTING

1

Unable to report percentage holdings as filed Shareholder listing is not full.

 

 

PAYMENT INFORMATION

Payment Summary

 

Company DBT

DBT 52

Industry DBT 19

Payment Trend

Decrease

Within terms

Within terms 91+ Days

 

Trade Creditor

Debtor

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

2

£19,552

 

Company Name

Amount

Statement Date

R F F Ltd

£17,589

05/11/2010

Illustrated Stationery Limited

£1,963

18/02/2011

 

Trade Payment

Average Invoice Value

£697.49

Invoices available

16

Paid

16

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

0

2

8

2

4

Outstanding

0

0

0

0

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Group structure

No group structure

 

Statistics

Group

0 companies

Linkages

0 companies

Countries

In 0 countries

 

 

FINANCIAL INFORMATION

 

Financials

Profit & Loss

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

01/10/09

 

Weeks

52

(%)

52

(%)

52

(%)

26

(%)

26

 

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

 

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

http://static.creditsafe.com/IMAGES/barchart-grey.png

Turnover

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Export

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Cost of Sales

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Gross Profit

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Wages & Salaries

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Directors Emoluments

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Operating Profit

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Depreciation

£79,689

24.2%

£64,160

-19.3%

£79,470

98.1%

£40,112

-4.8%

£42,136

http://static.creditsafe.com/IMAGES/barchart-grey.png

Audit Fees

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Interest Payments

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Pre Tax Profit

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Taxation

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Profit After Tax

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

01/10/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Tangible Assets

£526,775

62.5%

£324,157

-10.5%

£362,089

-13.8%

£419,826

-2.2%

£429,055

http://static.creditsafe.com/IMAGES/barchart-grey.png

Intangible Assets

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Fixed Assets

£526,775

62.5%

£324,157

-10.5%

£362,089

-13.8%

£419,826

-2.2%

£429,055

http://static.creditsafe.com/IMAGES/barchart-grey.png

Stock

£1,017,620

42.2%

£715,728

-1.2%

£724,570

16.8%

£620,344

2.5%

£605,234

http://static.creditsafe.com/IMAGES/barchart-grey.png

Trade Debtors

£1,663,145

32.2%

£1,257,671

-0.8%

£1,267,448

-5.6%

£1,342,109

14.1%

£1,175,782

http://static.creditsafe.com/IMAGES/barchart-grey.png

Cash

£62,437

-65.2%

£179,563

98.8%

£90,326

255.7%

£25,396

13.4%

£22,387

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Debtors

£1,000

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Assets

£2,744,202

27.5%

£2,152,962

3.4%

£2,082,344

4.8%

£1,987,849

10.2%

£1,803,403

http://static.creditsafe.com/IMAGES/barchart-grey.png

Trade Creditors

£2,182,935

27.4%

£1,713,471

-4.4%

£1,792,483

-6.4%

£1,915,305

5.7%

£1,811,297

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Liabilities

£2,182,935

27.4%

£1,713,471

-4.4%

£1,792,483

-6.4%

£1,915,305

5.7%

£1,811,297

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts and LTL

£94,490

999.9%

£4,480

-73.6%

£16,945

-37.3%

£27,017

7.8%

£25,061

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Long Term Liabilities

£94,490

999.9%

£4,480

-73.6%

£16,945

-37.3%

£27,017

7.8%

£25,061

 

Capital & Reserves

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

01/10/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Called Up Share Capital

£200,550

-

£200,550

-

£200,550

-

£200,550

-

£200,550

http://static.creditsafe.com/IMAGES/barchart-grey.png

P & L Account Reserve

£793,002

42%

£558,618

28.6%

£434,455

80.6%

£240,609

40.4%

£171,356

http://static.creditsafe.com/IMAGES/barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-100%

£24,194

-

£24,194

http://static.creditsafe.com/IMAGES/barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Shareholder Funds

£993,552

30.9%

£759,168

19.6%

£635,005

36.5%

£465,353

17.5%

£396,100

Other Financial Items

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

01/10/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Worth

£993,552

30.9%

£759,168

19.6%

£635,005

36.5%

£465,353

17.5%

£396,100

http://static.creditsafe.com/IMAGES/barchart-grey.png

Working Capital

£561,267

27.7%

£439,491

51.6%

£289,861

299.6%

£72,544

999.9%

-£7,894

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Assets

£3,270,977

32%

£2,477,119

1.3%

£2,444,433

1.5%

£2,407,675

7.8%

£2,232,458

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Liabilities

£2,277,425

32.6%

£1,717,951

-5.1%

£1,809,428

-6.8%

£1,942,322

5.8%

£1,836,358

http://static.creditsafe.com/IMAGES/barchart-grey.png

Net Assets

£993,552

30.9%

£759,168

19.6%

£635,005

36.5%

£465,353

17.5%

£396,100

 

Miscellaneous

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

01/10/09

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

http://static.creditsafe.com/IMAGES/barchart-grey.png

Capital Employed

£1,088,042

42.5%

£763,648

17.1%

£651,950

32.4%

£492,370

16.9%

£421,161

http://static.creditsafe.com/IMAGES/barchart-grey.png

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

PETHERICKS & GILLARD LIMITED

 

Auditor Comments

The audit report contains no adverse comments

 

Bankers

LLOYDS TSB BANK PLC

 

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/03/13

31/03/12

31/03/11

31/03/10

01/10/09

http://static.creditsafe.com/IMAGES/barchart-grey.png

Pre-tax profit margin %

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Current ratio

1.26

1.26

1.16

1.04

1

http://static.creditsafe.com/IMAGES/barchart-grey.png

Sales/Net Working Capital

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Gearing %

9.50

0.60

2.70

5.80

6.30

http://static.creditsafe.com/IMAGES/barchart-grey.png

Equity in %

30.40

30.60

26

19.30

17.70

http://static.creditsafe.com/IMAGES/barchart-grey.png

Creditor Days

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Debtor Days

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Liquidity/Acid Test

0.79

0.83

0.75

0.71

0.66

http://static.creditsafe.com/IMAGES/barchart-grey.png

Return On Capital Employed %

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Return On Total Assets Employed %

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Current Debt Ratio

2.19

2.25

2.82

4.11

4.57

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Debt Ratio

2.29

2.26

2.84

4.17

4.63

http://static.creditsafe.com/IMAGES/barchart-grey.png

Stock Turnover Ratio %

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 


Commentary

 

No exact match CCJs are recorded against the company.

 

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

 

The credit limit on this company has risen 14% in comparison to the previously suggested credit limit.

 

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

 

Net Worth increased by 30.9% during the latest trading period.

 

 

A 32% growth 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 company saw a decrease in their Cash Balance of 65.2% during the latest trading period.

 

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 made a profit after tax and other appropriations, including dividends.

 

The company was established over 30 years ago.

 

 

 

Event History

 

Status History

No Status History found

 

 

Event History

Date

Description

28/04/2014

Annual Returns

04/12/2013

New Accounts Filed

01/05/2013

Annual Returns

12/01/2013

New Accounts Filed

30/04/2012

Annual Returns

01/08/2011

New Accounts Filed

20/04/2011

Annual Returns

12/07/2010

New Accounts Filed

12/07/2010

New Accounts Filed

25/06/2010

Annual Returns

08/02/2010

New Accounts Filed

02/02/2010

New Accounts Filed

31/05/2009

Annual Returns

19/10/2008

New Accounts Filed

17/08/2008

Annual Returns

 

Previous Company Names

Date

Previous Name

Companies House Documents

14/03/1984

FORMTRITON LIMITED

View Document

 

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.12

UK Pound

1

Rs.102.00

Euro

1

Rs.81.43

 

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.