MIRA INFORM REPORT

 

 

Report No. :

320085

Report Date :

30.04.2015

 

IDENTIFICATION DETAILS

 

Name :

PRESS SALES INTERNATIONAL LIMITED

 

 

Registered Office :

C/O Peter Rushton Limited Albion Street Willenhall Wv13 1NN

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.10.2013

 

 

Date of Incorporation :

26.05.2010

 

 

Com. Reg. No.:

07265464

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Subject is engaged in repair of machinery

 

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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. 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. In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

 

Source : CIA

 

Company Name

 

PRESS SALES INTERNATIONAL LIMITED

 

 

Company No

 

07265464

 

 

Company Status

 

Active - Accounts Filed

 

 

Registered Address

 

C/O PETER RUSHTON LIMITED ALBION STREET WILLENHALL WV13 1NN

 

 

Company Summary

 

Registered Address

C/O PETER RUSHTON LIMITED
ALBION STREET
WILLENHALL
WV13 1NN

 

Trading Address

Albion Street
Willenhall
West Midlands
WV13 1NN

 

Website Address

http://www.presssalesinternational.co.uk

 

Telephone Number

01902604822

 

Fax Number

TPS                                          Yes

FPS                                          No

Incorporation Date                   26/05/2010

Previous Name

Type                                         Private limited with Share Capital

FTSE Index                              -

Date of Change                         -

Filing Date of Accounts            29/08/2014

Currency                                  GBP

Share Capital                           £100

SIC07                                       33120

Charity Number                        -

SIC07 Description                    REPAIR OF MACHINERY

Principal Activity                     

 

 

Key Financials

 

Year to Date                 Turnover          Pre Tax Profit               Shareholder     Funds Employees

31/10/2013                    -                       -                                   £15,318                         -

31/10/2012                    -                       -                                   £21,985                         -          

31/10/2011                    -                       -                                   £14,712                         -

 

 

Mortgage Summary

 

Total Mortgage                         1

Outstanding                             1

Satisfied                                   0

 

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade                    0

Total Value of Documented Trade                        £0

 

Commentary

 

This company has been treated as a Small company in respect of the rating/limit generated.

This company has had multiple CCJs registered against them within the last 36 months which are currently still outstanding.

The latest Balance Sheet indicates a positive net working capital position.

The high debt/equity ratio indicates that assets are funded primarily by creditors rather than equity/reinvested profits.

There has been a reduction in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

 

 

CCJ

 

Total Number of Exact CCJs -

2

Total Value of Exact CCJs -

£34,503

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

2

Total Value of Satisfied CCJs -

£8,269

Total Number of Writs -

-

Back to TopDescription: \\VIVEK\Foreign Report Raw2\PRESS SALES INTERNATIONAL LIMITED_files\Up.jpg

 

 

Show more

Total Current Directors

2

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

0

 

 

Current Directors

 

Name

Graham James Fullard

Date of Birth

08/06/1950

Officers Title

Mr

Nationality

British

Present Appointments

13

Function

Director

Appointment Date

26/05/2010

Address

Meadow View 3 Brewood Road, Coven, Wolverhampton, WV9 5DB

Disqualified

Disqualified End Date

Disqualification Exception

No

 

Name

Jason Graham Fullard

Date of Birth

03/04/1972

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

26/05/2010

Address

31 Skip Lane, Walsall, West Midlands, WS5 3LL

Disqualified

Disqualified End Date

Disqualification Exception

No

 

 

Current Company Secretary

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

GRAHAM JAMES FULLARD

GBP

55

ORDINARY

1

55

JASON GRAHAM FULLARD

GBP

45

ORDINARY

1

45

 

 

Profit & Loss

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

-

(%)

-

Weeks

52

(%)

52

(%)

75

(%)

-

(%)

-

Currency

GBP

(%)

GBP

(%)

GBP

(%)

-

(%)

-

Consolidated A/cs

N

(%)

N

(%)

N

(%)

-

(%)

-

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£1,533

9%

£1,407

-39.4%

£2,322

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

-

(%)

-

Tangible Assets

£4,599

9%

£4,221

-25%

£5,628

-

-

-

-

Intangible Assets

0

-

0

-

0

-

-

-

-

Total Fixed Assets

£4,599

9%

£4,221

-25%

£5,628

-

-

-

-

Stock

£1,050

-97.8%

£47,121

35.6%

£34,750

-

-

-

-

Trade Debtors

£167,123

74.2%

£95,948

238.5%

£28,349

-

-

-

-

Cash

£30,041

-

0

-100%

£73,238

-

-

-

-

Other Debtors

0

-

0

-

0

-

-

-

-

Miscellaneous Current Assets

0

-

0

-

0

-

-

-

-

Total Current Assets

£198,214

38.5%

£143,069

4.9%

£136,337

-

-

-

-

Trade Creditors

£187,495

49.6%

£125,305

-1.5%

£127,253

-

-

-

-

Bank Loans & Overdrafts

0

-

0

-

0

-

-

-

-

Other Short Term Finance

0

-

0

-

0

-

-

-

-

Miscellaneous Current Liabilities

0

-

0

-

0

-

-

-

-

Total Current Liabilities

£187,495

49.6%

£125,305

-1.5%

£127,253

-

-

-

-

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

-

-

-

Other Long Term Finance

0

-

0

-

0

-

-

-

-

Total Long Term Liabilities

0

-

0

-

0

-

-

-

-

.

 

Capital & Reserves

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

-

(%)

-

Called Up Share Capital

£100

-

£100

-

£100

-

-

-

-

P & L Account Reserve

£15,218

-30.5%

£21,885

49.8%

£14,612

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£15,318

-30.3%

£21,985

49.4%

£14,712

-

-

-

-

 

 

Other Financial Items

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

-

(%)

-

Net Worth

£15,318

-30.3%

£21,985

49.4%

£14,712

-

-

-

-

Working Capital

£10,719

-39.7%

£17,764

95.6%

£9,084

-

-

-

-

Total Assets

£202,813

37.7%

£147,290

3.8%

£141,965

-

-

-

-

Total Liabilities

£187,495

49.6%

£125,305

-1.5%

£127,253

-

-

-

-

Net Assets

£15,318

-30.3%

£21,985

49.4%

£14,712

-

-

-

-

 

 

Cash Flow

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

-

(%)

-

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

-

(%)

-

Contingent Liability

NO

-

NO

-

NO

-

-

-

-

Capital Employed

£15,318

-30.3%

£21,985

49.4%

£14,712

-

-

-

-

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/10/13

31/10/12

31/10/11

-

-

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.06

1.14

1.07

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

-

-

Equity in %

7.60

14.90

10.40

-

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.05

0.76

0.79

-

-

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

12.24

5.69

8.64

-

-

Total Debt Ratio

12.24

5.69

8.64

-

-

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

Event History 

 

Date

Description

05/09/2014

New Accounts Filed

05/09/2014

New Accounts Filed

11/06/2014

Annual Returns

05/08/2013

New Accounts Filed

16/07/2013

Annual Returns

09/08/2012

New Accounts Filed

09/06/2012

Annual Returns

15/07/2011

Annual Returns

14/07/2011

Change in Reg.Office

14/07/2011

Change of Company Postcode

28/05/2010

New Board Member Mr J.G. Fullard appointed

28/05/2010

New Board Member Mr G.J. Fullard appointed

 

 

Previous Company Names

 

No Previous Names found

 

 

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

 

 

Exact CCJ Details

 

Date

Court

Amount

Status

Case Number

Date Paid

09/04/2015

COUNTY COURT MONEY CLAIMS CENTRE

£21,346

Judgment

B09YX603

-

24/09/2014

COUNTY COURT BUSINESS CENTRE

£6,405

Satisfied

A9AA195C

06/11/2014

01/08/2013

NORTHAMPTON CCBC

£13,157

Judgment

3QT56801

-

16/07/2012

NORTHAMPTON CCBC

£1,864

Satisfied

2JM28907

01/10/2012

 

 

Possible CCJs Details

 

There are no possible CCJ details

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

30/03/15

Date Charge Registered:

04/04/15

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

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.63.20

UK Pound

1

Rs.97.01

Euro

1

Rs.69.34

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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.