MIRA INFORM REPORT

Report Date :

07.11.2014

IDENTIFICATION DETAILS

Name :	MONNICKENDAM MANUFACTURING LIMITED

Registered Office :	9 Ely Place, London, EC1N 6RY

Country :	United Kingdom

Financials (as on) :	30.09.2013

Date of Incorporation :	30.09.2009

Com. Reg. No.:	07034526

Legal Form :	Private limited with Share Capital

Line of Business :	Subject is engaged in cutting, shaping and finishing of stone

No of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory
Payment Behaviour :	Slow but correct
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 1, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

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. 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 & address

Company Name:	MONNICKENDAM MANUFACTURING LIMITED
Company No:	07034526
Company Status:	Active - Accounts Filed
Registered Address:	9 ELY PLACE LONDON EC1N 6RY

Company summary

Registered Address	9 ELY PLACE, LONDON, EC1N 6RY	Trading Address	9 Ely Place, London, EC1N 6RY
Website Address	-	Telephone Number	02074040223
Fax Number		TPS	No
FPS	No	Incorporation Date	30/09/2009
Previous Name	MONNICKENDAM MANUFACTURING LIMITED	Type	Private limited with Share Capital
FTSE Index	-	Date of Change	03/10/2009
Filing Date of Accounts	14/05/2014	Currency	GBP
Share Capital	£1	SIC07	23700
Charity Number	-	SIC07 Description	CUTTING, SHAPING AND FINISHING OF STONE
Principal Activity

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
30/09/2013	-	-	£111,434	-
30/09/2012	-	-	£93,851	-
30/09/2011	-	-	£30,245	-

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

No exact match CCJs are recorded against the company.

Net Worth increased by 18.7% during the latest trading period.

A 6.3% growth in Total Assets occurred during the latest trading period.

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

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

The company saw an increase in their Cash Balance of 251.8% during the latest trading period.

The company is exempt from audit.

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 5 years ago.

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 - -

Total Current Directors	1
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	1

Current Directors

Name	Gary David Monnickendam	Date of Birth	13/11/1952
Officers Title	Mr	Nationality	American
Present Appointments	3	Function	Director
Appointment Date	30/09/2009
Address	4 Abercorn Close, London, NW8 9XS

Current Company Secretary

Name	Neil Phillip Holness	Date of Birth	-
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Company Secretary
Appointment Date	30/09/2009
Address	94 Pretoria Road, London, SW16 6RN
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
GARY DAVID MONNICKENDAM	GBP	1	ORDINARY	1	100

Profit & Loss

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	-
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	-
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	-
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-100%	£1,205	-25%	£1,607	-25%	£2,142	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	-
Tangible Assets	£1	-100%	£3,617	-25%	£4,822	-25%	£6,429	-	-
Intangible Assets	0	-	0	-	0	-	0	-	-
Total Fixed Assets	£1	-100%	£3,617	-25%	£4,822	-25%	£6,429	-	-
Stock	0	-	0	-	0	-	0	-	-
Trade Debtors	0	-100%	£86,182	999.9%	£1	-	£1	-	-
Cash	£136,744	251.8%	£38,867	49.6%	£25,986	-29.6%	£36,924	-	-
Other Debtors	0	-	0	-	0	-	0	-	-
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	-
Total Current Assets	£136,744	9.4%	£125,049	381.2%	£25,987	-29.6%	£36,925	-	-
Trade Creditors	£25,311	-27.3%	£34,815	-	0	-100%	£13,692	-	-
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	-
Other Short Term Finance	0	-	0	-	0	-	0	-	-
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	-
Total Current Liabilities	£25,311	-27.3%	£34,815	-	0	-100%	£13,692	-	-
Bank Loans & Overdrafts and LTL	0	-	0	-100%	£564	-	0	-	-
Other Long Term Finance	0	-	0	-	0	-	0	-	-
Total Long Term Liabilities	0	-	0	-100%	£564	-	0	-	-

Capital & Reserves

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	-
Called Up Share Capital	£1	-	£1	-	£1	-	£1	-	-
P & L Account Reserve	£111,433	18.7%	£93,850	210.3%	£30,244	2%	£29,661	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£111,434	18.7%	£93,851	210.3%	£30,245	2%	£29,662	-	-

Other Financial Items

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	-
Net Worth	£111,434	18.7%	£93,851	210.3%	£30,245	2%	£29,662	-	-
Working Capital	£111,433	23.5%	£90,234	247.2%	£25,987	11.9%	£23,233	-	-
Total Assets	£136,745	6.3%	£128,666	317.6%	£30,809	-28.9%	£43,354	-	-
Total Liabilities	£25,311	-27.3%	£34,815	999.9%	£564	-95.9%	£13,692	-	-
Net Assets	£111,434	18.7%	£93,851	210.3%	£30,245	2%	£29,662	-	-

Cash Flow

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10	(%)	-
Contingent Liability	NO	-	NO	-	NO	-	NO	-	-
Capital Employed	£111,434	18.7%	£93,851	204.6%	£30,809	3.9%	£29,662	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	30/09/13	30/09/12	30/09/11	30/09/10	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	5.40	3.59	-	2.70	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	1.90	0	-
Equity in %	81.50	72.90	98.20	68.40	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	5.40	3.59	-	2.69	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.22	0.37	-	0.46	-
Total Debt Ratio	0.22	0.37	0.01	0.46	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Status History

No Status History found

Event History

Date	Description
14/10/2014	Annual Returns
19/05/2014	New Accounts Filed
19/05/2014	New Accounts Filed
14/10/2013	Annual Returns
03/06/2013	New Accounts Filed
03/06/2013	New Accounts Filed
12/10/2012	Annual Returns
10/10/2012	Change in Reg.Office
10/10/2012	Change of Company Postcode
09/06/2012	New Accounts Filed
21/10/2011	Annual Returns
07/06/2011	New Accounts Filed
20/10/2010	Annual Returns
11/11/2009	New Company Secretary Mr N.P. Holness appointed
11/11/2009	New Board Member Mr G.D. Monnickendam appointed

Previous Company Names

Date	Previous Name
03/10/2009	MONNICKENDAM MANUFACTURING LIMITED

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Barbara Kahan	66	8458

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.39
UK Pound	1	Rs.98.00
Euro	1	Rs.76.98

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	SMN

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.