MIRA INFORM REPORT
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Report No. : |
302075 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MARIOFF LIMITED |
|
|
|
|
Formerly Known As : |
MARIOFF HI-FOG LIMITED |
|
|
|
|
Registered Office : |
Badentoy Crescent, Badentoy Industrial Estate, Portlethen, Ab12 4yd |
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|
|
|
Country : |
United Kingdom |
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|
|
|
Financials (as on) : |
31.12.2012 |
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|
|
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Date of Incorporation : |
07.10.1992 |
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|
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Com. Reg. No.: |
SC140683 |
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|
Legal Form : |
Private limited with Share Capital |
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|
Line of Business : |
provision of fire safety, protection and
maintenence consultancy services. |
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|
No. of Employees : |
12 (31.12.2012) |
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the second
largest economy in Europe after Germany. Over the past two decades, the
government has greatly reduced public ownership and contained the growth of
social welfare programs. 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, account by far for the largest proportion of GDP while
industry continues to decline in importance. 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. Sharply declining 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 include
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 over 10% of GDP in 2010 to nearly 1% by 2015. In
November 2011, Chancellor of the Exchequer George OSBORNE announced additional
austerity measures through 2017 because of slower-than-expected economic growth
and the impact of 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 up to £375 billion (approximately $605 billion) as of
December 2012. 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. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase.
|
Source : CIA |
REGISTERED
NAME & COMPANY SUMMARY
|
Company Name |
MARIOFF LIMITED |
Company Number |
SC140683 |
|
Registered Address |
BADENTOY CRESCENT |
Trading Address |
Badentoy Crescent |
|
Website Address |
|
|
|
|
Telephone Number |
- |
|
|
|
TPS |
- |
|
|
|
Incorporation Date |
07/10/1992 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
MARIOFF HI-FOG LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
28/06/1999 |
Filing Date of Accounts |
01/11/2013 |
|
|
|
Share Capital |
£100,000 |
|
SIC03 |
4534 |
Currency |
GBP |
|
SIC03 Description |
Other building installation |
||
|
SIC07 |
43290 |
||
|
SIC07 Description |
OTHER CONSTRUCTION INSTALLATION |
||
|
Principal Activity |
The provision of fire safety, protection and maintenence consultancy
services. |
||
DIRECTORS/MANAGEMENT
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
15 |
Current Directors
|
Name |
Date of Birth |
02/09/1949 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
20/10/2000 |
|
|
|
Address |
Shiels Cottage, Whitecairns, Aberdeen, AB23 8UL |
||
|
|
|
|
|
|
Name |
Date of Birth |
01/09/1958 |
|
|
Officers Title |
Mr |
Nationality |
Finnish |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/09/2011 |
|
|
|
Address |
Badentoy Crescent Badentoy Industrial Estate, Portlethen, Aberdeen,
AB12 4YD |
||
|
|
|
|
|
|
Name |
Date of Birth |
20/03/1976 |
|
|
Officers Title |
Mr |
Nationality |
Finnish |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
19/11/2012 |
|
|
|
Address |
Badentoy Crescent Badentoy Industrial Estate, Portlethen, Aberdeen,
AB12 4YD |
||
NEGATIVE
INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
0 |
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
MARIOFF CORP OY |
GBP |
100,000 |
ORDINARY |
1 |
100 |
PAYMENT
INFORMATION
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to
leave a payment experience
|
|
%2005-Jan-2015_files/image009.gif){kind=small}
%2005-Jan-2015_files/image010.gif){kind=small}
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
174
companies |
|
Linkages |
360 companies |
|
Countries |
In 40 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
UNITED TECHNOLOGIES CORP |
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/12/2012 |
£6,867,000 |
£403,000 |
£3,475,000 |
12 |
|
31/12/2011 |
£5,015,000 |
£219,000 |
£2,740,000 |
11 |
|
31/12/2010 |
£4,957,000 |
£209,000 |
£2,522,000 |
|
Profit & Loss
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
Currency |
GBP |
|
GBP |
|
GBP |
|
GBP |
|
GBP |
|
Consolidated A/cs |
N |
|
N |
|
N |
|
N |
|
N |
|
Turnover |
£6,867,000 |
|
£5,015,000 |
|
£4,957,000 |
|
£5,086,000 |
|
£4,786,000 |
|
Export |
- |
|
£702,000 |
|
£644,000 |
|
- |
|
- |
|
Cost of Sales |
£5,855,000 |
|
£4,156,000 |
|
£4,089,000 |
|
£3,297,000 |
|
£3,206,000 |
|
Gross Profit |
£1,012,000 |
|
£859,000 |
|
£868,000 |
|
£1,789,000 |
|
£1,580,000 |
|
Wages & Salaries |
£649,000 |
|
£646,000 |
|
£537,000 |
|
£547,000 |
|
£521,000 |
|
Directors Emoluments |
£70,000 |
|
£63,000 |
|
£63,000 |
|
£91,000 |
|
£68,000 |
|
Operating Profit |
£393,000 |
|
£208,000 |
|
£201,000 |
|
£1,171,000 |
|
£796,000 |
|
Depreciation |
- |
|
- |
|
£54,000 |
|
£54,000 |
|
- |
|
Audit Fees |
£12,000 |
|
£9,000 |
|
£9,000 |
|
£10,000 |
|
£11,000 |
|
Interest Payments |
- |
|
- |
|
- |
|
- |
|
- |
|
Pre Tax Profit |
£403,000 |
|
£219,000 |
|
£209,000 |
|
£1,171,000 |
|
£812,000 |
|
Taxation |
£332,000 |
|
-£1,000 |
|
£251,000 |
|
-£347,000 |
|
-£238,000 |
|
Profit After Tax |
£735,000 |
|
£218,000 |
|
£460,000 |
|
£824,000 |
|
£574,000 |
|
Dividends Payable |
- |
|
- |
|
- |
|
- |
|
- |
|
Retained Profit |
£735,000 |
|
£218,000 |
|
£460,000 |
|
£824,000 |
|
£574,000 |
Balance Sheet
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
Tangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Intangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Total Fixed Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Stock |
£158,000 |
|
£52,000 |
|
£150,000 |
|
£32,000 |
|
£62,000 |
|
Trade Debtors |
£1,447,000 |
|
£710,000 |
|
£1,271,000 |
|
£928,000 |
|
£1,143,000 |
|
Cash |
0 |
|
£5,000 |
|
£906,000 |
|
£1,524,000 |
|
£495,000 |
|
Other Debtors |
£2,512,000 |
|
£3,141,000 |
|
£2,497,000 |
|
£198,000 |
|
£202,000 |
|
Miscellaneous Current Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Total Current Assets |
£4,117,000 |
|
£3,908,000 |
|
£4,824,000 |
|
£2,682,000 |
|
£1,902,000 |
|
Trade Creditors |
£296,000 |
|
£112,000 |
|
£205,000 |
|
£107,000 |
|
£148,000 |
|
Bank Loans & Overdrafts |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Other Short Term Finance |
£77,000 |
|
£759,000 |
|
£1,622,000 |
|
£270,000 |
|
£112,000 |
|
Miscellaneous Current Liabilities |
£269,000 |
|
£297,000 |
|
£475,000 |
|
£243,000 |
|
£404,000 |
|
Total Current Liabilities |
£642,000 |
|
£1,168,000 |
|
£2,302,000 |
|
£620,000 |
|
£664,000 |
|
Bank Loans & Overdrafts and LTL |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Other Long Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
Total Long Term Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
Capital & Reserves
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
Called Up Share Capital |
£100,000 |
|
£100,000 |
|
£100,000 |
|
£100,000 |
|
£100,000 |
|
P & L Account Reserve |
£3,375,000 |
|
£2,640,000 |
|
£2,422,000 |
|
£1,962,000 |
|
£1,138,000 |
|
Revaluation Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
Sundry Reserves |
- |
|
- |
|
- |
|
- |
|
- |
|
Shareholder Funds |
£3,475,000 |
|
£2,740,000 |
|
£2,522,000 |
|
£2,062,000 |
|
£1,238,000 |
Other Financial Items
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
Net Worth |
£3,475,000 |
|
£2,740,000 |
|
£2,522,000 |
|
£2,062,000 |
|
£1,238,000 |
|
Working Capital |
£3,475,000 |
|
£2,740,000 |
|
£2,522,000 |
|
£2,062,000 |
|
£1,238,000 |
|
Total Assets |
£4,117,000 |
|
£3,908,000 |
|
£4,824,000 |
|
£2,682,000 |
|
£1,902,000 |
|
Total Liabilities |
£642,000 |
|
£1,168,000 |
|
£2,302,000 |
|
£620,000 |
|
£664,000 |
|
Net Assets |
£3,475,000 |
|
£2,740,000 |
|
£2,522,000 |
|
£2,062,000 |
|
£1,238,000 |
Miscellaneous
|
Date Of Accounts |
31/12/12 |
|
31/12/11 |
|
31/12/10 |
|
31/12/09 |
|
31/12/08 |
|
Contingent Liability |
NO |
|
NO |
|
NO |
|
NO |
|
NO |
|
Capital Employed |
£3,475,000 |
|
£2,740,000 |
|
£2,522,000 |
|
£2,062,000 |
|
£1,238,000 |
|
Number of Employees |
12 |
|
11 |
|
11 |
|
12 |
|
12 |
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
Ratios
|
Date Of Accounts |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
|
Pre-tax profit margin % |
5.87 |
4.37 |
4.22 |
23.02 |
16.97 |
|
Current ratio |
6.41 |
3.35 |
2.10 |
4.33 |
2.86 |
|
Sales/Net Working Capital |
1.98 |
1.83 |
1.97 |
2.47 |
3.87 |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
84.40 |
70.10 |
52.30 |
76.90 |
65.10 |
|
Creditor Days |
15.69 |
8.12 |
15.05 |
7.65 |
11.25 |
|
Debtor Days |
76.70 |
51.53 |
93.33 |
66.41 |
86.93 |
|
Liquidity/Acid Test |
6.16 |
3.30 |
2.03 |
4.27 |
2.77 |
|
Return On Capital Employed % |
11.59 |
7.99 |
8.28 |
56.78 |
65.58 |
|
Return On Total Assets Employed % |
9.78 |
5.60 |
4.33 |
43.66 |
42.69 |
|
Current Debt Ratio |
0.18 |
0.42 |
0.91 |
0.30 |
0.53 |
|
Total Debt Ratio |
0.18 |
0.42 |
0.91 |
0.30 |
0.53 |
|
Stock Turnover Ratio % |
2.30 |
1.03 |
3.02 |
0.62 |
1.29 |
|
Return on Net Assets Employed % |
11.59 |
7.99 |
8.28 |
56.78 |
65.58 |
ADDITIONAL
INFORMATION
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Mrs |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
15/11/2013 |
|
|
|
Address |
Badentoy Crescent Badentoy Industrial Estate, Portlethen, Aberdeen,
AB12 4YD |
||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
19/11/2013 |
Change in Reg.Office |
|
19/11/2013 |
Ms P.A. Spanton has resigned as company secretary |
|
19/11/2013 |
New Company Secretary Mrs L. Wilcock appointed |
|
09/11/2013 |
New Accounts Filed |
|
04/11/2013 |
Annual Returns |
|
30/01/2013 |
New Board Member Mr J.M. Kuivalainen appointed |
|
08/11/2012 |
Annual Returns |
|
07/11/2012 |
Mr H.E. Claynhills has left the board |
|
20/08/2012 |
New Accounts Filed |
|
20/08/2012 |
New Accounts Filed |
|
24/11/2011 |
Annual Returns |
|
20/09/2011 |
Mr S. Buckhout has left the board |
|
20/09/2011 |
J.L. Favre-Bully has left the board |
|
20/09/2011 |
New Board Member Mr H.E. Claynhills appointed |
|
20/09/2011 |
New Board Member Mr I.O. Hantila appointed |
Previous Company Names
|
Date |
Previous Name |
|
28/06/1999 |
MARIOFF HI-FOG LIMITED |
NOTES
& COMMENTS
Commentary
|
No
exact match CCJs are recorded against the company. |
|
|
Sales in the latest trading period increased 36.9% on the previous
trading period. |
|
|
Net Worth increased by 26.8% during the latest trading period. |
|
|
A 5.3% growth in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits increased by 84% compared to the previous trading
period. |
|
|
The company saw a decrease in their Cash Balance of 100% 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 has changed its registered address recently. |
|
|
The company was established over 21 years ago. |
|
%2005-Jan-2015_files/image003.gif){kind=small}
%2005-Jan-2015_files/image004.gif){kind=small}
%2005-Jan-2015_files/image005.gif){kind=small}
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
|
UK Pound |
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.