|
Report No. : |
305883 |
|
Report Date : |
02.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
M & K GRAPHIC
MACHINERY LTD |
|
|
|
|
Formerly Known As : |
TRUGRADE GRAPHIC MACHINERY LTD |
|
|
|
|
Registered Office : |
4 Sandpiper Court, Calder Grove, Wakefield WF4 3FF |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.08.2013 |
|
|
|
|
Date of Incorporation : |
24.08.2000 |
|
|
|
|
Com. Reg. No.: |
04058887 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Engaged in suppliers
of quality used Printing Machineries. |
|
|
|
|
No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to part
any information from the company management.] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
Company Name: M
& K GRAPHIC MACHINERY LTD
Company No: 04058887
Company Status: Active
- Accounts Filed
Registered Address
4 SANDPIPER COURT
CALDER GROVE
WAKEFIELD
WF4 3FF
Trading Address
Unit 2
High Street
Crigglestone
Wakefield, West Yorkshire
WF4 3HT
Telephone Number +44 1924 258011
Fax Number +44 1924 259922
Email sales@mkgm.net
Website Address http://www.mkgm.net
Incorporation Date 24/08/2000
Previous Name TRUGRADE GRAPHIC MACHINERY LTD
Type Private Limited with Share Capital
Date of Change 06/06/2006
Filing Date of Accounts 26/11/2013
Currency GBP
Share Capital £2
Principal Activity Engaged in suppliers of quality used Printing Machineries.
Year to Date Shareholder
Funds
31/08/2013 -£28,777
31/08/2012 -£47,996
31/08/2011 -£64,035
Total Mortgage 1
Outstanding 1
|
No exact match CCJs are recorded against the company. |
|
Net Worth increased by 40% during the latest trading period. |
|
A 9.7% growth in Total Assets occurred during the latest trading
period. |
|
The company saw an increase in their Cash Balance of 127.4% 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 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 14 years ago. |
|
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 - |
- |
|
DBT |
- |
Payment Trend |
|
|
Industry DBT |
17 |
Within Terms |
|
|
Number of Experiences |
- |
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
|
Paid |
1 |
0 |
0 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
2 |
0 |
|
Name |
Mujeebuddin Ansari |
Date of Birth |
02/07/1949 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
10/08/2007 |
||
|
Address |
4 Sandpiper Court, Calder Grove, Wakefield, West Yorkshire, WF4 3FF |
||
|
Name |
Kim Lorraine Ansari |
Date of Birth |
06/05/1959 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
24/08/2000 |
||
|
Address |
4 Sandpiper Court, Calder Grove, Wakefield, WF4 3FF |
||
|
Name |
Kim Lorraine Ansari |
Date of Birth |
06/05/1959 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
24/08/2000 |
||
|
Address |
4 Sandpiper Court, Calder Grove, Wakefield, WF4 3FF |
||
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MUJEEBUDDIN ANSARI |
GBP |
2 |
ORDINARY |
1 |
100 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Depreciation |
£736 |
-19.2% |
£911 |
11% |
£821 |
-2.4% |
£841 |
-0.4% |
£844 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Tangible Assets |
£3,398 |
-17.8% |
£4,134 |
0.6% |
£4,111 |
-7.3% |
£4,436 |
-7.2% |
£4,781 |
|
Total Fixed Assets |
£3,398 |
-17.8% |
£4,134 |
0.6% |
£4,111 |
-7.3% |
£4,436 |
-7.2% |
£4,781 |
|
Stock |
£92,500 |
-69.3% |
£301,273 |
-17.7% |
£366,027 |
44.1% |
£253,967 |
-28.1% |
£353,000 |
|
Trade Debtors |
£197,877 |
98.7% |
£99,600 |
8.4% |
£91,898 |
-39.5% |
£151,841 |
-62.4% |
£403,541 |
|
Cash |
£290,927 |
127.4% |
£127,922 |
-14.6% |
£149,868 |
-27.2% |
£205,855 |
999.9% |
£2,494 |
|
Total Current Assets |
£581,304 |
9.9% |
£528,795 |
-13% |
£607,793 |
-0.6% |
£611,663 |
-19.4% |
£759,035 |
|
Trade Creditors |
£612,831 |
5.6% |
£580,137 |
-14.1% |
£675,165 |
4.9% |
£643,604 |
-11.9% |
£730,779 |
|
Total Current Liabilities |
£612,831 |
5.6% |
£580,137 |
-14.1% |
£675,165 |
4.9% |
£643,604 |
-11.9% |
£730,779 |
|
Bank Loans & Overdrafts and LTL |
£648 |
-17.8% |
£788 |
1.8% |
£774 |
-10.9% |
£869 |
-13.4% |
£1,004 |
|
Total Long Term Liabilities |
£648 |
-17.8% |
£788 |
1.8% |
£774 |
-10.9% |
£869 |
-13.4% |
£1,004 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Called Up Share Capital |
£2 |
- |
£2 |
- |
£2 |
- |
£2 |
- |
£2 |
|
P & L Account Reserve |
-£28,779 |
40% |
-£47,998 |
25% |
-£64,037 |
-125.7% |
-£28,376 |
-188.6% |
£32,031 |
|
Shareholder Funds |
-£28,777 |
40% |
-£47,996 |
25% |
-£64,035 |
-125.7% |
-£28,374 |
-188.6% |
£32,033 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Net Worth |
-£28,777 |
40% |
-£47,996 |
25% |
-£64,035 |
-125.7% |
-£28,374 |
-188.6% |
£32,033 |
|
Working Capital |
-£31,527 |
38.6% |
-£51,342 |
23.8% |
-£67,372 |
-110.9% |
-£31,941 |
-213% |
£28,256 |
|
Total Assets |
£584,702 |
9.7% |
£532,929 |
-12.9% |
£611,904 |
-0.7% |
£616,099 |
-19.3% |
£763,816 |
|
Total Liabilities |
£613,479 |
5.6% |
£580,925 |
-14.1% |
£675,939 |
4.9% |
£644,473 |
-11.9% |
£731,783 |
|
Net Assets |
-£28,777 |
40% |
-£47,996 |
25% |
-£64,035 |
-125.7% |
-£28,374 |
-188.6% |
£32,033 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Capital Employed |
-£28,129 |
40.4% |
-£47,208 |
25.4% |
-£63,261 |
-130% |
-£27,505 |
-183.3% |
£33,037 |
|
Auditor Comments |
The company is exempt from audit |
|
Date Of Accounts |
31/08/13 |
31/08/12 |
31/08/11 |
31/08/10 |
31/08/09 |
|
Current ratio |
0.95 |
0.91 |
0.90 |
0.95 |
1.04 |
|
Gearing % |
-2.30 |
-1.60 |
-1.20 |
-3.10 |
3.10 |
|
Equity in % |
-4.90 |
-9 |
-10.50 |
-4.60 |
4.20 |
|
Liquidity/Acid Test |
0.79 |
0.39 |
0.35 |
0.55 |
0.55 |
|
Current Debt Ratio |
-21.29 |
-12.08 |
-10.54 |
-22.68 |
22.81 |
|
Total Debt Ratio |
-21.31 |
-12.10 |
-10.55 |
-22.71 |
22.84 |
|
No Status History found |
|
Date |
Description |
|
15/03/2014 |
Annual Returns |
|
29/11/2013 |
New Accounts Filed |
|
31/08/2013 |
Annual Returns |
|
28/02/2013 |
New Accounts Filed |
|
01/09/2012 |
Annual Returns |
|
30/01/2012 |
New Accounts Filed |
|
29/08/2011 |
Annual Returns |
|
16/04/2011 |
New Accounts Filed |
|
12/10/2010 |
Annual Returns |
|
29/01/2010 |
New Accounts Filed |
|
30/09/2009 |
Annual Returns |
|
05/03/2009 |
New Accounts Filed |
|
16/09/2008 |
Annual Returns |
|
15/07/2008 |
New Accounts Filed |
|
23/08/2007 |
New Board Member (MUHEEBUDDIN ANSARI) appointed |
|
Date |
Previous Name |
|
06/06/2006 |
TRUGRADE GRAPHIC MACHINERY LTD |
|
No writs found |
|
Group |
- |
|
Linkages |
|
|
Countries |
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
02/04/08 |
||
|
Date Charge Registered: |
05/04/08 |
||
|
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: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS,
FIXTURES, FIXEDPLANT & MACHINERY SEE IMAGE FOR FULL DETAILS |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
COMPANY DIRECTORS LIMITED |
9352 |
196298 |
|
TEMPLE SECRETARIES LIMITED |
11625 |
198016 |
|
Average Invoice Value |
£365.67 |
|
Invoices available |
3 |
|
Paid |
1 |
|
Outstanding |
2 |
|
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 |
1 |
0 |
0 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
2 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
UK Pound |
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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.