MIRA INFORM REPORT

Report Date :

16.10.2014

IDENTIFICATION DETAILS

Name :	MAPPINS (UK) LIMITED

Registered Office :	10 Decimus Park Kingstanding Way Tunbridge Wells TN2 3GP

Country :	United Kingdom

Financials (as on) :	31.03.2013

Date of Incorporation :	25.01.2013

Com. Reg. No.:	07923660

Legal Form :	Private limited with Share Capital

Line of Business :	Subject is engaged in specialised construction activities

No. of Employees	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
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 and address

MAPPINS (UK) LIMITED

Company No: 07923660

Company Status: Active - Accounts Filed

Registered Address: 10 DECIMUS PARKKINGS

TANDING WAYTUNBRIDGE

WELLSTN2 3GP

Company Summary

Registered Address

10 DECIMUS PARK
KINGSTANDING WAY
TUNBRIDGE WELLS
TN2 3GP

Trading Address

Unit 10
Decimus Park
Kingstanding Way
Tunbridge Wells, Kent
TN2 3GP

FPS No

Incorporation Date 25/01/2012

Type Private limited with Share Capital

Filing Date of Accounts 11.09.2014

Currency GBP

Share Capital £100

SIC07 43999

SIC07 Description OTHER SPECIALISED CONSTRUCTION ACTIVITIES N.E.C.

Commentary

No exact match CCJs are recorded against the company.
Net Worth increased by 371.3% during the latest trading period.
The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

There is insufficient data to indicate a change in this company's percentage of sales.
A 21.7% 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 company is exempt from audit.
No recent changes in directorship are recorded.
The company is not part of a group.
The company was established over 2 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 -	-

Trade Payment Information

Average Invoice Value	n/a
Invoices available	n/a
Paid	n/a
Outstanding	n/a

Enquiries Trend

There have been 3 enquiries in the last 12 months.

There are an average of 0 reports taken each month.

	3 MONTHS	6 MONTHS	9 MONTHS
Enquiries	2	2	3

Created with Highcharts 4.0.42233 months6 months9 months01234

Total Current Directors	1
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	1

Current Directors

Name	Barbara Eileen Ash	Date of Birth	12/08/1947
Officers Title	Mrs	Nationality	British
Present Appointments	3	Function	Director
Appointment Date	25/01/2012
Address	10 Decimus Park, Kingstanding Way, Tunbridge Wells, Kent, TN2 3GP
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
BARBARA EILEEN ASH	GBP	100	ORDINARY	1	100

Profit & Loss

Date Of Accounts	31/01/14	(%)	31/01/13	(%)	-	(%)	-	(%)	-
Weeks	52	(%)	53	(%)	-	(%)	-	(%)	-
Currency	GBP	(%)	GBP	(%)	-	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	-	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£1,375	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/01/14	(%)	31/01/13	(%)	-	(%)	-	(%)	-
Tangible Assets	£4,125	-	0	-	-	-	-	-	-
Intangible Assets	0	-	0	-	-	-	-	-	-
Total Fixed Assets	£4,125	-	0	-	-	-	-	-	-
Stock	0	-	0	-	-	-	-	-	-
Trade Debtors	£28,508	-45.8%	£52,584	-	-	-	-	-	-
Cash	£8,559	-	0	-	-	-	-	-	-
Other Debtors	0	-	0	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	-	-	-	-	-
Total Current Assets	£37,067	-29.5%	£52,584	-	-	-	-	-	-
Trade Creditors	£11,486	-81.9%	£63,532	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	-	-	-	-	-
Other Short Term Finance	0	-	0	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	-	-	-	-	-
Total Current Liabilities	£11,486	-81.9%	£63,532	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	0	-	-	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	0	-	0	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	31/01/14	(%)	31/01/13	(%)	-	(%)	-	(%)	-
Called Up Share Capital	£100	-	£100	-	-	-	-	-	-
P & L Account Reserve	£29,606	368%	-£11,048	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£29,706	371.3%	-£10,948	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/01/14	(%)	31/01/13	(%)	-	(%)	-	(%)	-
Net Worth	£29,706	371.3%	-£10,948	-	-	-	-	-	-
Working Capital	£25,581	333.7%	-£10,948	-	-	-	-	-	-
Total Assets	£41,192	-21.7%	£52,584	-	-	-	-	-	-
Total Liabilities	£11,486	-81.9%	£63,532	-	-	-	-	-	-
Net Assets	£29,706	371.3%	-£10,948	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/01/14	(%)	31/01/13	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	-	-	-	-	-
Capital Employed	£29,706	371.3%	-£10,948	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/01/14	31/01/13	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	3.23	0.83	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	-	-	-
Equity in %	72.10	-20.80	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	3.22	0.82	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.38	-5.80	-	-	-
Total Debt Ratio	0.38	-5.80	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Status History

No Status History found

Event History

Date	Description
15/09/2014	New Accounts Filed
19/03/2014	Annual Returns
30/10/2013	New Accounts Filed
09/02/2013	Annual Returns
04/09/2012	Mr M.J. Ash has left the board
13/08/2012	New Board Member Mr M.J. Ash appointed
27/01/2012	New Board Member Mrs B.E. Ash appointed

Previous Company Names

No Previous Names found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Group structure

No group structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Malcolm John Ash	1	3

Average Invoice Value	n/a
Invoices available	n/a
Paid	n/a
Outstanding	n/a

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
Outstanding

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.61.11
UK Pound	1	Rs.98.15
Euro	1	Rs.77.68

INFORMATION DETAILS

Analysis Done by :	DIV

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.