MIRA
INFORM REPORT
|
Report Date : |
29.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
LONDON METALS LIMITED |
|
|
|
|
Formerly Known As : |
LONDON METAL DISTRIBUTORS LIMITED |
|
|
|
|
Registered Office : |
Angel Waterside 10 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.05.1980 |
|
|
|
|
Com. Reg. No.: |
01494995 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
· Wholesale of Waste and Scrap. International Commodity traders in Non Ferrous Scrap and
Residues, Ferro Alloys, Minor Metals and Chemicals. |
|
|
|
|
No. of Employees : |
13 |
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 : |
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 |
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 |
REGISTERED NAME & COMPANY SUMMARY
Company Name: LONDON
METALS LIMITED
Company No: 01494995
Company Status: Active - Accounts Filed
Registered Address: ANGEL WATERSIDE 10
GRAHAM STREET LONDON N1 8GB
DIRECTORS/MANAGEMENT
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
7 |
Current Directors
|
Name |
David Philip De Haas |
Date of Birth |
26/07/1944 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
29/05/1992 |
|
|
|
Address |
87 Holland Park, London, W11 3RZ |
||
|
Name |
Philip John Walsh |
Date of Birth |
06/02/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
25/06/1997 |
|
|
|
Address |
10 Rylstone Way, Saffron Walden, Essex, CB11 3BS |
||
|
Name |
Philip Daniel De Haas |
Date of Birth |
10/03/1974 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
12/04/2002 |
|
|
|
Address |
69 Sevington Road, London, NW4 3RU |
||
Current Company
Secretary
|
Name |
Philip John Walsh |
Date of Birth |
06/02/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Company Secretary |
|
Appointment Date |
29/05/1992 |
|
|
|
Address |
10 Rylstone Way, Saffron Walden, Essex, CB11 3BS |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Kenneth Charles Hill |
1 |
10 |
|
Ralph Bendheim |
1 |
1 |
|
Jane Penelope Bendheim |
2 |
1 |
|
Janet Hurford |
0 |
1 |
|
Derek Morris Hodd |
3 |
4 |
|
Thomas Jose Ernesto Hirsch |
0 |
1 |
|
Richard James Bartholomew |
2 |
3 |
NEGATIVE INFORMATION
Mortgage Summary
Total Mortgage 13
Outstanding
2
Satisfied 11
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 - |
- |
|
|
Mortgage Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
17/02/12 |
|
|
|
Date Charge Registered: |
21/02/12 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
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|
|
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 CHARGE OVER THE UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL,
BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge Created: |
30/03/01 |
|
|
|
Date Charge Registered: |
19/04/01 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
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: |
FLOATING CHARGE |
||
|
Date Charge Created: |
01/11/96 |
|
|
|
Date Charge Registered: |
21/11/96 |
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|
|
Date Charge Satisfied: |
25/06/08 |
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|
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Status: |
SATISFIED |
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|
|
Person(s) Entitled: |
SINGER & FRIEDLANDER LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER AND UNDERANY FACILITY
LETTEROR OTHER AGREEMENT |
||
|
Details: |
ALL BOOK DEBTS ARISING FROM BANKING
FACILITIES PROVIDED BY THE BANK SEE THE MORTGAGE CHARGE DOCUMENTFOR FULL
DETAILS |
||
|
Mortgage Type: |
CHARGE RELATING TO BOOK DEBTS |
||
|
Date Charge Created: |
02/02/96 |
|
|
|
Date Charge Registered: |
03/02/96 |
|
|
|
Date Charge Satisfied: |
11/10/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HILL SAMUEL BANK LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL BOOK DEBTS AND ALL MONIES PAYABLE SEE
THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
GENERAL LETTER OF HYPOTHECATION |
||
|
Date Charge Created: |
17/11/95 |
|
|
|
Date Charge Registered: |
18/11/95 |
|
|
|
Date Charge Satisfied: |
25/06/08 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
SINGER & FRIEDLANDER LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL BILLS OF EXCHANGE, PROMISSORY NOTES,
SHIPPING DOCUMENTS, DOCUMENTS OF TITLETO MERCHANDISE SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
AGREEMENT |
||
|
Date Charge Created: |
24/11/93 |
|
|
|
Date Charge Registered: |
10/12/93 |
|
|
|
Date Charge Satisfied: |
17/04/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
MEESPIERSON N.V. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL GOODS AND ALL BILLS OF LADEN PROMISSORY
NOTES AND NEGOTIABLE INSTRUMENTS SEE THE MORTGAGE CHARGEDOCUMENT FOR FULL
DETAILS |
||
|
Mortgage Type: |
ASSIGNMENT |
||
|
Date Charge Created: |
24/11/93 |
|
|
|
Date Charge Registered: |
10/12/93 |
|
|
|
Date Charge Satisfied: |
17/04/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
MEESPIERSON N.V. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL MONEYS PAYABLE TO OR FOR THE ACCOUNT OF
THE COMPANY ARISING OUT OF EACH CONTRACT THE SALES PROCEEDS OF GOODS ALL CLAIMS
FOR DAMAGE AND ALL INSURANCE MONEYS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
|
Mortgage Type: |
TRANSFER DEED |
||
|
Date Charge Created: |
21/10/93 |
|
|
|
Date Charge Registered: |
25/10/93 |
|
|
|
Date Charge Satisfied: |
17/04/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
TSB BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED CHARGES UPON ALL THE COMPANY\S INTEREST
IN ALL POLICIES OF INSURANCE AND ALL BOOK AND OTHER DEBTS DUE OR OWING TOTHE
COMPANY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
15/06/93 |
|
|
|
Date Charge Registered: |
24/06/93 |
|
|
|
Date Charge Satisfied: |
17/04/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BANCO DO BRASIL S.A. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL BENEFICIAL INTERESTS OF THE COMPANYIN
THE ASSETS HEREBY CHARGED AND TO ANYPROCEEDS OF SALE ALL BOOK AND OTHER DEBTS
DUE OWING OR INCURRED TO THE CHARGOR |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
12/02/93 |
|
|
|
Date Charge Registered: |
25/02/93 |
|
|
|
Date Charge Satisfied: |
20/07/04 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BANCO DO BRASIL SA |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED CHARGE ALL BOOK AND OTHER DEBTS DUE
OWING OR INCURRED TO THE COMPANY |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
07/12/92 |
|
|
|
Date Charge Registered: |
21/12/92 |
|
|
|
Date Charge Satisfied: |
17/04/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HILL SAMUEL BANK LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL BOOK AND OTHER DEBTS DUE TO THE COMPANY
PLEASESEE DOC M234C FOR FULL DETAILS |
||
|
Mortgage Type: |
FIXED AND FLOATING CHARGE |
||
|
Date Charge Created: |
08/12/92 |
|
|
|
Date Charge Registered: |
11/12/92 |
|
|
|
Date Charge Satisfied: |
17/04/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BANQUE INDOSUEZ |
||
|
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 ALL GOODS
FINANCED BY THE BANK AND OVER ALL NEGOTIABLE INSTRUMENTS AND DOCUMENTS OF
TITLE PLEASESEE DOC M13 FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
16/12/84 |
|
|
|
Date Charge Registered: |
03/01/85 |
|
|
|
Date Charge Satisfied: |
20/02/09 |
|
|
|
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: |
NORTHAMPTON HOUSE 59. COMPTON ROAD CANONBURY
ISLINGTON N1 TITLE NO LN 91738 AND/OR THE PROCEEDS OF SALE THEREOF FLOATING
CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND
EQUIPMENT |
||
SHARE & SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
LONDON METALS HOLDINGS LTD |
GBP |
1,000,000 |
ORDINARY |
1 |
100 |
PAYMENT INFORMATION
Trade Debtors /
Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Trade Payment
Information
|
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.
|
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 |
|
|
|
|
|
GROUP STRUCTURE & AFFILIATED COMPANIES
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
06603363 |
31.12.2013 |
Y |
£26,460,757 |
|
LONDON METALS LIMITED |
|
01494995 |
31.12.2013 |
N |
£26,460 |
Statistics
|
Group |
2 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
LONDON METALS HOLDINGS LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
LONDON METALS HOLDINGS LIMITED |
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 |
£26,460,757 |
-29.4% |
£37,487,044 |
0.5% |
£37,307,016 |
8.8% |
£34,283,013 |
35.8% |
£25,249,030 |
|
|
Export |
£22,680,852 |
-28% |
£31,501,594 |
2.8% |
£30,651,051 |
5.3% |
£29,117,795 |
35% |
£21,572,382 |
|
|
Cost of Sales |
£24,984,839 |
-30.1% |
£35,733,275 |
1.4% |
£35,251,080 |
10.9% |
£31,793,459 |
40.4% |
£22,643,125 |
|
|
Gross Profit |
£1,475,918 |
-15.8% |
£1,753,769 |
-14.7% |
£2,055,936 |
-17.4% |
£2,489,554 |
-4.5% |
£2,605,905 |
|
|
Wages & Salaries |
£934,548 |
5.4% |
£886,725 |
-16.9% |
£1,067,485 |
-14.9% |
£1,253,657 |
8.9% |
£1,151,043 |
|
|
Directors Emoluments |
£486,736 |
11% |
£438,482 |
-22.1% |
£562,535 |
-19.3% |
£696,997 |
10.3% |
£631,782 |
|
|
Operating Profit |
£70,473 |
-82.2% |
£396,726 |
-30.1% |
£567,448 |
-25.7% |
£763,230 |
-21.4% |
£970,856 |
|
|
Depreciation |
£42,784 |
-0.1% |
£42,842 |
-0.2% |
£42,922 |
-6.8% |
£46,049 |
1.4% |
£45,394 |
|
|
Audit Fees |
£14,000 |
-3.4% |
£14,500 |
- |
£14,500 |
-26.4% |
£19,700 |
40.7% |
£14,000 |
|
|
Interest Payments |
£61,353 |
-34.6% |
£93,760 |
-3.1% |
£96,797 |
68.8% |
£57,336 |
34.6% |
£42,604 |
|
|
Pre Tax Profit |
£9,727 |
-96.8% |
£303,566 |
-35.6% |
£471,238 |
-33.3% |
£706,616 |
-24.3% |
£933,934 |
|
|
Taxation |
-£9,414 |
86.4% |
-£69,063 |
41.2% |
-£117,398 |
39% |
-£192,450 |
24% |
-£253,384 |
|
|
Profit After Tax |
£313 |
-99.9% |
£234,503 |
-33.7% |
£353,840 |
-31.2% |
£514,166 |
-24.4% |
£680,550 |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
£313 |
-99.9% |
£234,503 |
-33.7% |
£353,840 |
-31.2% |
£514,166 |
-24.4% |
£680,550 |
Balance Sheet
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Tangible Assets |
£816,365 |
0% |
£816,185 |
-4.5% |
£854,639 |
-4.5% |
£895,270 |
7% |
£836,522 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£816,365 |
0% |
£816,185 |
-4.5% |
£854,639 |
-4.5% |
£895,270 |
7% |
£836,522 |
|
|
Stock |
£2,031,036 |
13.6% |
£1,787,153 |
-19.6% |
£2,221,461 |
-19.5% |
£2,759,013 |
176.3% |
£998,682 |
|
|
Trade Debtors |
£4,175,580 |
-15.3% |
£4,930,304 |
22.6% |
£4,021,839 |
8.4% |
£3,709,960 |
1.3% |
£3,663,202 |
|
|
Cash |
£2,765 |
-98.7% |
£207,138 |
-57.8% |
£490,880 |
-54.2% |
£1,071,036 |
8.9% |
£983,167 |
|
|
Other Debtors |
£380,635 |
33.1% |
£285,941 |
-29.6% |
£406,127 |
181.4% |
£144,348 |
-28.4% |
£201,591 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£6,590,016 |
-8.6% |
£7,210,536 |
1% |
£7,140,307 |
-7.1% |
£7,684,357 |
31.4% |
£5,846,642 |
|
|
Trade Creditors |
£1,383,900 |
-34.2% |
£2,103,260 |
-5.3% |
£2,221,982 |
1.6% |
£2,186,786 |
40.6% |
£1,555,719 |
|
|
Bank Loans & Overdrafts |
£1,225,545 |
22.9% |
£997,374 |
8.2% |
£921,958 |
-46.3% |
£1,718,278 |
69.1% |
£1,016,012 |
|
|
Other Short Term Finance |
£20,929 |
-82.4% |
£118,620 |
-12.1% |
£134,934 |
-37.4% |
£215,503 |
35.8% |
£158,707 |
|
|
Miscellaneous Current Liabilities |
£133,527 |
-34.5% |
£203,984 |
-40.5% |
£342,592 |
-21.1% |
£434,420 |
-3.5% |
£450,352 |
|
|
Total Current Liabilities |
£2,763,901 |
-19.3% |
£3,423,238 |
-5.5% |
£3,621,466 |
-20.5% |
£4,554,987 |
43.2% |
£3,180,790 |
|
|
Bank Loans & Overdrafts and LTL |
£1,225,545 |
22.5% |
£1,000,474 |
7.6% |
£929,558 |
-46.3% |
£1,730,878 |
69.6% |
£1,020,512 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
0 |
-100% |
£3,100 |
-59.2% |
£7,600 |
-39.7% |
£12,600 |
180% |
£4,500 |
Capital &
Reserves
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Called Up Share Capital |
£1,000,000 |
- |
£1,000,000 |
- |
£1,000,000 |
- |
£1,000,000 |
- |
£1,000,000 |
|
|
P & L Account Reserve |
£3,601,604 |
0% |
£3,600,383 |
7% |
£3,365,880 |
11.7% |
£3,012,040 |
20.6% |
£2,497,874 |
|
|
Revaluation Reserve |
£40,876 |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£4,642,480 |
0.9% |
£4,600,383 |
5.4% |
£4,365,880 |
8.8% |
£4,012,040 |
14.7% |
£3,497,874 |
Other Financial
Items
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Net Worth |
£4,642,480 |
0.9% |
£4,600,383 |
5.4% |
£4,365,880 |
8.8% |
£4,012,040 |
14.7% |
£3,497,874 |
|
|
Working Capital |
£3,826,115 |
1% |
£3,787,298 |
7.6% |
£3,518,841 |
12.4% |
£3,129,370 |
17.4% |
£2,665,852 |
|
|
Total Assets |
£7,406,381 |
-7.7% |
£8,026,721 |
0.4% |
£7,994,946 |
-6.8% |
£8,579,627 |
28.4% |
£6,683,164 |
|
|
Total Liabilities |
£2,763,901 |
-19.3% |
£3,426,338 |
-5.6% |
£3,629,066 |
-20.5% |
£4,567,587 |
43.4% |
£3,185,290 |
|
|
Net Assets |
£4,642,480 |
0.9% |
£4,600,383 |
5.4% |
£4,365,880 |
8.8% |
£4,012,040 |
14.7% |
£3,497,874 |
Cash Flow
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Net Cashflow from Operations |
-£199,364 |
-62.2% |
-£122,898 |
-121.2% |
£579,584 |
322.1% |
-£260,898 |
-119.9% |
£1,311,608 |
|
|
Net Cashflow before Financing |
-£334,853 |
2.3% |
-£342,844 |
-215.5% |
£296,733 |
144.2% |
-£671,193 |
-348.7% |
£269,853 |
|
|
Net Cashflow from Financing |
-£97,691 |
-498.8% |
-£16,314 |
79.8% |
-£80,569 |
-241.9% |
£56,796 |
-47.1% |
£107,401 |
|
|
Increase in Cash |
-£432,544 |
-20.4% |
-£359,158 |
-266.2% |
£216,164 |
135.2% |
-£614,397 |
-262.9% |
£377,254 |
Miscellaneous
|
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
|
Capital Employed |
£4,642,480 |
0.8% |
£4,603,483 |
5.3% |
£4,373,480 |
8.7% |
£4,024,640 |
14.9% |
£3,502,374 |
|
|
Number of Employees |
13 |
- |
13 |
- |
13 |
-7.1% |
14 |
-6.7% |
15 |
|
|
Auditors |
SINCLAIRS BARTRUM LERNER |
||||||||
|
|
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 % |
0.04 |
0.81 |
1.26 |
2.06 |
3.70 |
|
|
Current ratio |
2.38 |
2.11 |
1.97 |
1.69 |
1.84 |
|
|
Sales/Net Working Capital |
6.92 |
9.90 |
10.60 |
10.96 |
9.47 |
|
|
Gearing % |
26.40 |
21.70 |
21.30 |
43.10 |
29.20 |
|
|
Equity in % |
62.70 |
57.30 |
54.60 |
46.80 |
52.30 |
|
|
Creditor Days |
19.03 |
20.42 |
21.67 |
23.21 |
22.42 |
|
|
Debtor Days |
57.44 |
47.87 |
39.24 |
39.39 |
52.81 |
|
|
Liquidity/Acid Test |
1.64 |
1.58 |
1.35 |
1.08 |
1.52 |
|
|
Return On Capital Employed % |
0.20 |
6.59 |
10.77 |
17.55 |
26.66 |
|
|
Return On Total Assets Employed % |
0.13 |
3.78 |
5.89 |
8.23 |
13.97 |
|
|
Current Debt Ratio |
0.59 |
0.74 |
0.82 |
1.13 |
0.90 |
|
|
Total Debt Ratio |
0.59 |
0.74 |
0.83 |
1.13 |
0.91 |
|
|
Stock Turnover Ratio % |
7.67 |
4.76 |
5.95 |
8.04 |
3.95 |
|
|
Return on Net Assets Employed % |
0.20 |
6.59 |
10.79 |
17.61 |
26.70 |
FOREIGN EXCHANGE RATES
NA
ADDITIONAL INFORMATION
Enquiries Trend
|
There have been 33 enquiries in the last 12
months. |
|
There are an average of 3 reports taken each
month. |
|
|
3 MONTHS |
6 MONTHS |
9 MONTHS |
|
Enquiries |
3 |
10 |
26 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
15/10/2014 |
Miss J. Hurford has left the board |
|
28/06/2014 |
New Accounts Filed |
|
09/06/2014 |
Annual Returns |
|
07/06/2013 |
New Accounts Filed |
|
07/06/2013 |
New Accounts Filed |
|
05/06/2013 |
Annual Returns |
|
24/08/2012 |
New Accounts Filed |
|
24/08/2012 |
New Accounts Filed |
|
02/06/2012 |
Annual Returns |
|
03/09/2011 |
New Accounts Filed |
|
06/06/2011 |
Annual Returns |
|
10/06/2010 |
New Accounts Filed |
|
10/06/2010 |
New Accounts Filed |
|
07/06/2010 |
Annual Returns |
|
25/02/2010 |
Change in Reg.Office |
Previous Company Names
|
Date |
Previous Name |
|
31/12/1980 |
LONDON METAL DISTRIBUTORS LIMITED |
NOTES & COMMENTS
Commentary
|
No exact match CCJs are recorded against the
company. |
|
|
Net Worth increased by 0.9% during the
latest trading period. |
|
|
The audit report contains no adverse
comments. |
|
|
Sales in the latest trading period decreased
29.4% on the previous trading period. |
|
|
A 7.7% decline in Total Assets occurred
during the latest trading period. |
|
|
Pre-tax profits decreased by 96.8% compared
to the previous trading period. |
|
|
The company saw a decrease in their Cash Balance
of 98.7% during the latest trading period. |
|
|
The company has undergone recent changes in
its directorships. |
|
|
The company is part of a group. |
|
|
The company was established over 34 years
ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.35 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.