|
Report Date : |
18.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
A N WALLIS & COMPANY LIMITED |
|
|
|
|
Formerly Known As : |
CASTLEGATE 143 LIMITED |
|
|
|
|
Registered Office : |
Greasley Street, Nottingham, Nottinghamshire, NG6 8NG |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
14.04.2000 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No of Employees : |
43 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 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 |
A N WALLIS &
COMPANY LIMITED
Company summary
|
Registered Address |
GREASLEY STREET, NOTTINGHAM, NOTTINGHAMSHIRE, NG6 8NG |
Trading Address |
Greasley Street, Nottingham, Nottinghamshire, NG6 8NG |
|
Website Address |
Telephone Number |
01159271721 |
|
|
Fax Number |
|
TPS |
Yes |
|
FPS |
No |
Incorporate Date |
14/04/2000 |
|
Previous Name |
CASTLEGATE 143 LIMITED |
Type |
Private limited with Share Capital |
|
FTSE Index |
- |
Date of Change |
26/04/2002 |
|
Filing Date of Accounts |
05/07/2014 |
Currency |
GBP |
|
Share Capital |
£100,000 |
SIC07 |
32990 |
|
Charity Number |
- |
SIC07 Description |
OTHER MANUFACTURING N.E.C. |
|
Principal Activity |
As metal founders and lighting conductor and earthing equipment
manufacturers and wholesalers |
||
Current Directors
|
Name |
Steven James Healy |
Date of Birth |
30/01/1968 |
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
10/01/2002 |
|
|
|
Address |
West Lodge, Woodthorpe Drive, Nottingham, Nottinghamshire, NG5 4GZ |
||
|
Name |
Derek Nesbitt |
Date of Birth |
04/11/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
14/07/2000 |
|
|
|
Address |
1a The Close, Beeston, Nottingham, Nottinghamshire, NG9 5DF |
||
|
Name |
Mark Vincent Rimmington |
Date of Birth |
23/11/1964 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/03/2004 |
|
|
|
Address |
6 Darley Avenue, Beeston, Nottingham, Nottinghamshire, NG9 6JP |
||
|
Name |
Adrian John Ferrari-Stanford |
Date of Birth |
16/04/1959 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
09/09/2013 |
|
|
|
Address |
Greasley Street, Nottingham, Nottinghamshire, NG6 8NG |
||
|
Name |
Robin James Smythe |
Date of Birth |
19/05/1963 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
09/09/2013 |
|
|
|
Address |
Greasley Street, Nottingham, Nottinghamshire, NG6 8NG |
||
|
Name |
Ishaque Noor |
Date of Birth |
24/03/1955 |
|
Officers Title |
Mr |
Nationality |
Pakistani |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
09/09/2013 |
|
|
|
Address |
Greasley Street, Nottingham, Nottinghamshire, NG6 8NG |
||
Current Company Secretary
|
Name |
Steven James Healy |
Date of Birth |
30/01/1968 |
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
5 |
Function |
Company Secretary |
|
Appointment Date |
14/07/2000 |
|
|
|
Address |
West Lodge, Woodthorpe Drive, Nottingham, Nottinghamshire, NG5 4GZ |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
David William Tilly |
2 |
61 |
|
Iain Peter Blatherwick |
5 |
45 |
|
Paul Ludlow |
0 |
6 |
Mortgage Summary
Total Mortgage 7
Outstanding 3
Satisfied 4
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
D:\csukserver01002INT'L
CREDIT REPORT2014.10.002014.10.11satCCJDetails.aspx?CompanyNumber=03972865 |
|
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
D:\csukserver01002INT'L
CREDIT REPORT2014.10.002014.10.11satCCJDetails.aspx?CompanyNumber=03972865 |
|
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
D:\csukserver01002INT'L
CREDIT REPORT2014.10.002014.10.11satCCJDetails.aspx?CompanyNumber=03972865 |
|
|
Total Number of Writs - |
- |
|
|
Mortgage Details
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
30/08/11 |
|
|
|
Date Charge Registered: |
01/09/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
F/H LAND AND BUILDINGS TO THE NORTH WEST AND NORTH SIDE OF GREASLEY
STREET, BULWELL, NOTTINGHAM T/NNT327128 & NT333628 |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
30/08/11 |
|
|
|
Date Charge Registered: |
01/09/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
F/H UNIT A, GREASLEY STREET, BULWELL, NOTTINGHAM T/N NT408092 |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
23/06/11 |
|
|
|
Date Charge Registered: |
01/07/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS 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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
11/03/09 |
|
|
|
Date Charge Registered: |
13/03/09 |
|
|
|
Date Charge Satisfied: |
07/09/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
UNIT A, GREASLEY STREET BULWELL NOTTINGHAM T/NO NT408092 BY WAY OF
FIXED CHARGE, THE BENEFIT OF ALLCOVENANTS & RIGHTS CONCERNING THE
PROPERTY & ALL PLANT MACHINERY, FIXTURES, FITTINGS, FURNITURE, EQUIPMENT,
IMPLEMENTS & UTENSILS. THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE
PROPERTY & THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
21/10/02 |
|
|
|
Date Charge Registered: |
30/10/02 |
|
|
|
Date Charge Satisfied: |
07/09/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
LAND AND BUILDINGS ON THE NORTH SIDE OFGREASLEY STREET BULWELL NOTTINGHAMSHIREAND
LAND LYING TO THENORTH WEST OF GREASLEY STREET BULWELL NOTTINGHAMSHIRE T/NOS:
NT327128 AND NT323628 ALL PLANT MACHINERY AND FIXTURES AND FITTINGS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
21/10/02 |
|
|
|
Date Charge Registered: |
30/10/02 |
|
|
|
Date Charge Satisfied: |
07/09/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
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 DEED |
||
|
Date Charge Created: |
01/02/02 |
|
|
|
Date Charge Registered: |
05/02/02 |
|
|
|
Date Charge Satisfied: |
07/09/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
PATRICK JOSEPH HEALY |
||
|
Amount Secured: |
|
||
|
Details: |
THE POLICY OF LIFE ASSURANCE DATED 26/4/1990 WITH ALLIED DUNBAR ON THE
LIFE OF PATRICK JOSEPH HEALY,POLICY NO.20459-094-DFS WITH A MINIMUM SUM
ASSURED OF £200,000 |
||
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
AL BATHA ENGINEERING GROUP LLC |
GBP |
51,000 |
ORDINARY A |
1 |
51 |
|
DEREK NESBITT |
GBP |
18,000 |
ORDINARY B |
1 |
18 |
|
MARK RIMMINGTON |
GBP |
17,000 |
ORDINARY B |
1 |
17 |
|
STEVEN JAMES HEALY |
GBP |
14,000 |
ORDINARY B |
1 |
14 |
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 1
Total Value of Documented Trade £190
Trade Payment Information
|
Average Invoice Value |
1058.98 |
|
Invoices available |
2018 |
|
Paid |
1711 |
|
Outstanding |
307 |
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 |
1 |
£190 |
|
Company Name |
Amount |
Statement Date |
|
Foremost Engineering Services Ltd |
£190 |
17/08/2011 |
Previous Company Names
|
Date |
Previous Name |
|
26/04/2002 |
CASTLEGATE 143 LIMITED |
Statistics
|
Group |
3 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
A N WALLIS & COMPANY LIMITED |
|
Ownership Status |
Ultimately Owned |
|
Ultimate Holding Company |
A N WALLIS & COMPANY LIMITED |
Group structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
A N WALLIS &
COMPANY LIM... |
03972865 |
31.12.2013 |
N |
£16,571,376 |
|
WALLIS SURGE
PROTECTIO... |
02829808 |
31.12.2013 |
N |
|
|
CASTLEGATE 143
LIMITED |
00412789 |
31.12.2013 |
N |
|
Key Financials
Year to Date `Turnover Pre
Tax Profit Shareholder Funds Employees
31/12/2013 £16,571,376 £782,723 £2,430,202 43
31/12/2012 £14,741,559 £440,710 £1,979,104 39
31/12/2011 £14,829,255 £368,830 £1,660,863 38
|
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 |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
Turnover |
£16,571,376 |
12.4% |
£14,741,559 |
-0.6% |
£14,829,255 |
25.5% |
£11,811,533 |
44.8% |
£8,156,519 |
|
Export |
£10,615,463 |
15% |
£9,229,329 |
-3.2% |
£9,534,784 |
18.3% |
£8,062,614 |
47.5% |
£5,464,868 |
|
Cost of Sales |
£13,191,045 |
10.6% |
£11,931,038 |
-2.5% |
£12,233,055 |
28.5% |
£9,518,638 |
63.2% |
£5,831,913 |
|
Gross Profit |
£3,380,331 |
20.3% |
£2,810,521 |
8.3% |
£2,596,200 |
13.2% |
£2,292,895 |
-1.4% |
£2,324,606 |
|
Wages & Salaries |
£1,839,661 |
13% |
£1,627,923 |
11.7% |
£1,457,105 |
7.9% |
£1,350,956 |
-1.7% |
£1,373,783 |
|
Directors Emoluments |
£570,437 |
8.1% |
£527,467 |
19.4% |
£441,654 |
-3.6% |
£458,030 |
11% |
£412,504 |
|
Operating Profit |
£810,224 |
66.4% |
£486,818 |
15.6% |
£421,072 |
44.6% |
£291,221 |
83.9% |
£158,318 |
|
Depreciation |
£223,225 |
3.8% |
£215,000 |
8.5% |
£198,144 |
8.2% |
£183,062 |
81.4% |
£100,898 |
|
Audit Fees |
£8,000 |
17.6% |
£6,800 |
4.6% |
£6,500 |
- |
£6,500 |
-9.1% |
£7,150 |
|
Interest Payments |
£27,501 |
-40.4% |
£46,108 |
-11.7% |
£52,242 |
-11.9% |
£59,265 |
24.1% |
£47,751 |
|
Pre Tax Profit |
£782,723 |
77.6% |
£440,710 |
19.5% |
£368,830 |
-37% |
£585,795 |
429.7% |
£110,583 |
|
Taxation |
-£248,292 |
-102.7% |
-£122,469 |
-21.6% |
-£100,692 |
35.2% |
-£155,281 |
-999.9% |
-£10,856 |
|
Profit After Tax |
£534,431 |
67.9% |
£318,241 |
18.7% |
£268,138 |
-37.7% |
£430,514 |
331.7% |
£99,727 |
|
Dividends Payable |
£83,333 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£451,098 |
41.7% |
£318,241 |
18.7% |
£268,138 |
-37.7% |
£430,514 |
331.7% |
£99,727 |
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Tangible Assets |
£707,668 |
-18.1% |
£863,771 |
-10.4% |
£963,709 |
-9.5% |
£1,064,513 |
-11.4% |
£1,200,832 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£707,668 |
-18.1% |
£863,771 |
-10.4% |
£963,709 |
-9.5% |
£1,064,513 |
-11.4% |
£1,200,832 |
|
Stock |
£2,055,408 |
37.2% |
£1,498,018 |
15% |
£1,302,571 |
-0.8% |
£1,313,400 |
12.7% |
£1,165,886 |
|
Trade Debtors |
£2,411,990 |
-8.7% |
£2,642,131 |
16.8% |
£2,262,403 |
14.3% |
£1,978,809 |
25.5% |
£1,576,783 |
|
Cash |
£32,900 |
252.7% |
£9,328 |
-94% |
£155,634 |
773.9% |
£17,810 |
-93.7% |
£280,570 |
|
Other Debtors |
£128,291 |
-37.7% |
£205,957 |
41.4% |
£145,644 |
-5.2% |
£153,626 |
-24.6% |
£203,725 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£4,628,589 |
6.3% |
£4,355,434 |
12.7% |
£3,866,252 |
11.6% |
£3,463,645 |
7.3% |
£3,226,964 |
|
Trade Creditors |
£1,581,359 |
-6.4% |
£1,690,326 |
4.3% |
£1,620,576 |
16.3% |
£1,393,004 |
14.5% |
£1,216,324 |
|
Bank Loans & Overdrafts |
£207,996 |
-56.4% |
£476,850 |
0.9% |
£472,744 |
4.4% |
£452,614 |
-39.8% |
£751,278 |
|
Other Short Term Finance |
£46,297 |
-59.9% |
£115,574 |
-47% |
£217,897 |
26.9% |
£171,671 |
14.2% |
£150,377 |
|
Miscellaneous Current Liabilities |
£868,601 |
27.5% |
£681,195 |
54% |
£442,315 |
-12.9% |
£508,111 |
32% |
£385,015 |
|
Total Current Liabilities |
£2,704,253 |
-8.8% |
£2,963,945 |
7.6% |
£2,753,532 |
9% |
£2,525,400 |
0.9% |
£2,502,994 |
|
Bank Loans & Overdrafts and LTL |
£409,798 |
-45.6% |
£753,006 |
-15.2% |
£888,310 |
-16.4% |
£1,062,647 |
-29.7% |
£1,512,431 |
|
Other Long Term Finance |
£11,529 |
-70.3% |
£38,797 |
-89.9% |
£385,853 |
-33.7% |
£582,405 |
-23.5% |
£761,153 |
|
Total Long Term Liabilities |
£201,802 |
-26.9% |
£276,156 |
-33.5% |
£415,566 |
-31.9% |
£610,033 |
-19.9% |
£761,153 |
Capital &
Reserves
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Called Up Share Capital |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
|
P & L Account Reserve |
£2,315,202 |
24.2% |
£1,864,104 |
20.6% |
£1,545,863 |
21% |
£1,277,725 |
21.8% |
£1,048,649 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£15,000 |
- |
£15,000 |
- |
£15,000 |
- |
£15,000 |
- |
£15,000 |
|
Shareholder Funds |
£2,430,202 |
22.8% |
£1,979,104 |
19.2% |
£1,660,863 |
19.3% |
£1,392,725 |
19.7% |
£1,163,649 |
Other Financial
Items
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Net Worth |
£2,430,202 |
22.8% |
£1,979,104 |
19.2% |
£1,660,863 |
19.3% |
£1,392,725 |
19.7% |
£1,163,649 |
|
Working Capital |
£1,924,336 |
38.3% |
£1,391,489 |
25.1% |
£1,112,720 |
18.6% |
£938,245 |
29.6% |
£723,970 |
|
Total Assets |
£5,336,257 |
2.2% |
£5,219,205 |
8.1% |
£4,829,961 |
6.7% |
£4,528,158 |
2.3% |
£4,427,796 |
|
Total Liabilities |
£2,906,055 |
-10.3% |
£3,240,101 |
2.2% |
£3,169,098 |
1.1% |
£3,135,433 |
-3.9% |
£3,264,147 |
|
Net Assets |
£2,430,202 |
22.8% |
£1,979,104 |
19.2% |
£1,660,863 |
19.3% |
£1,392,725 |
19.7% |
£1,163,649 |
Cash Flow
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Net Cashflow from Operations |
£673,038 |
106.3% |
£326,297 |
-44.2% |
£584,502 |
552.3% |
-£129,235 |
-130.5% |
£424,283 |
|
Net Cashflow before Financing |
£455,777 |
260.2% |
£126,520 |
-59.1% |
£309,437 |
28.4% |
£240,950 |
163.7% |
-£378,204 |
|
Net Cashflow from Financing |
-£163,278 |
35.6% |
-£253,516 |
-32.2% |
-£191,743 |
-21.8% |
-£157,454 |
-145.1% |
£348,938 |
|
Increase in Cash |
£292,499 |
330.3% |
-£126,996 |
-207.9% |
£117,694 |
41% |
£83,496 |
385.3% |
-£29,266 |
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 |
£2,632,004 |
16.7% |
£2,255,260 |
8.6% |
£2,076,429 |
3.7% |
£2,002,758 |
4.1% |
£1,924,802 |
|
Number of Employees |
43 |
10.3% |
39 |
2.6% |
38 |
5.6% |
36 |
5.9% |
34 |
|
Auditors |
BDO LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
|
||||||||
|
Bank Branch Code |
|
||||||||
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
Pre-tax profit margin % |
4.72 |
2.99 |
2.49 |
4.96 |
1.36 |
|
Current ratio |
1.71 |
1.47 |
1.40 |
1.37 |
1.29 |
|
Sales/Net Working Capital |
8.61 |
10.59 |
13.33 |
12.59 |
11.27 |
|
Gearing % |
16.90 |
38 |
53.50 |
76.30 |
130 |
|
Equity in % |
45.50 |
37.90 |
34.40 |
30.80 |
26.30 |
|
Creditor Days |
34.73 |
41.73 |
39.77 |
42.92 |
54.28 |
|
Debtor Days |
52.98 |
65.23 |
55.53 |
60.98 |
70.36 |
|
Liquidity/Acid Test |
0.95 |
0.96 |
0.93 |
0.85 |
0.82 |
|
Return On Capital Employed % |
29.73 |
19.54 |
17.76 |
29.24 |
5.74 |
|
Return On Total Assets Employed % |
14.66 |
8.44 |
7.63 |
12.93 |
2.49 |
|
Current Debt Ratio |
1.11 |
1.49 |
1.65 |
1.81 |
2.15 |
|
Total Debt Ratio |
1.19 |
1.63 |
1.90 |
2.25 |
2.80 |
|
Stock Turnover Ratio % |
12.40 |
10.16 |
8.78 |
11.11 |
14.29 |
|
Return on Net Assets Employed % |
32.20 |
22.26 |
22.20 |
42.06 |
9.50 |
N/a
Enquiries Trend
|
There have been 108 enquiries in the last 12 months. |
|
|
There are an average of 9 reports taken each month. |
|
|
Total Current Directors |
6 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
3 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
18/07/2014 |
New Accounts Filed |
|
14/05/2014 |
Annual Returns |
|
20/09/2013 |
Mr P. Ludlow has left the board |
|
20/09/2013 |
New Board Member Mr I. Noor appointed |
|
20/09/2013 |
New Board Member Mr R.J. Smythe appointed |
|
20/09/2013 |
New Board Member Mr A.J. Ferrari-Stanford appointed |
|
12/07/2013 |
New Accounts Filed |
|
01/05/2013 |
Annual Returns |
|
09/07/2012 |
New Accounts Filed |
|
09/07/2012 |
New Accounts Filed |
|
19/04/2012 |
Annual Returns |
|
31/05/2011 |
New Accounts Filed |
|
31/05/2011 |
New Accounts Filed |
|
21/04/2011 |
Annual Returns |
|
17/08/2010 |
New Accounts Filed |
Commentary
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period increased 12.4% on the previous
trading period. |
|
Net Worth increased by 22.8% during the latest trading period. |
|
A 2.2% growth in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits increased by 77.6% compared to the previous trading
period. |
|
The company saw an increase in their Cash Balance of 252.7% during the
latest trading period. |
|
The audit report contains no adverse comments. |
|
The company has undergone recent changes in its directorships. |
|
The company is part of a group. |
|
The company was established over 14 years ago. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.62 |
|
|
1 |
Rs.99.12 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.