|
Report No. : |
302260 |
|
Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MK PRESS & PUBLISHING SYSTEMS LIMITED |
|
|
|
|
Registered Office : |
3RD Floor Butt Dyke House 33 Park Row
Nottingham |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
25.05.2005 |
|
|
|
|
Com. Reg. No.: |
05137000 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
|
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Poor |
|
Payment Behaviour : |
-- |
|
Litigation : |
Exist |
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 |
MK PRESS & PUBLISHING SYSTEMS
LIMITED Telephone 0044 11 5941 1510
3RD
FLOOR BUTT DYKE HOUSE Fax
0044 11 5941 1968
33
PARK ROW Website www.mkpress.co.uk
NOTTINGHAM
NG16EE
United Kingdom
Company Number: 05137000 Status: Financial Statements too old
Foundation: 25/05/2004 GB
842752617
Legal form
Private limited with Share Capital
Foundation
25/05/2004
Company No.
05137000
|
Name |
Currency |
Number
of shares |
Share type |
Nominal value |
|
IAN MCGOWAN-KEMP |
GBP |
50 |
ORDINARY |
1 |
|
RUPERT MCGOWAN-KEMP |
GBP |
50 |
ORDINARY |
1 |
|
TOTAL |
|
|
|
GBP 100 |
|
Directors |
|
|
|
|
|
Name |
Address: |
Date of Birth |
Nationality |
Appointment Date |
|
Mr. Lan Mcgowan-Kemp |
10, Hamiltn Drive, The Park, Nottingham, |
11.05.1946 |
British |
25.05.2004 |
No Secretary appointed
28 Regent Street,
Nottingham, Nottinghamshire NG1 5BQ
3RD Butt Dyke House, 33 Park Row, Nottingham, Nottinghamshire NG1 6EE
|
Main activity |
|
|
SIC03 |
Printing not
elsewere classified |
|
SIC07 |
Printing n.e.c |
|
Turnover and
Employees |
|
|
|
Date of
Accounts |
Turnover |
Employees |
|
31/12/2010 |
Not Stated |
Not Stated |
|
31/12/2011 |
Not Stated |
Not Stated |
|
31/12/2012 |
Not Stated |
Not Stated |
County Court
Judgments (CCJs)
Date Amount Court Case number Status Date
paid
06.08.2009 GBP
897 NORTHAMPTON CCBC 9QG74986 Satisfied 17.07.2012
08.09.2011 GBP2830
NOTTINGHAM 1UD18566 Satisfied 18.07.2012
21.11.2012 GBP
1667 NORTHAMPTON CCBC 2G73193 Judgement –
11.08.2014 GBP
3207 COUNTRY COURT
BUSINESS CENTER A6QGB109
Judgement --
|
Company history |
|
|
Date |
Action |
|
19/11/2010 |
Annual Returns |
|
07.02.2011 |
New Accounts
Filed |
|
30.03.2012 |
Change in Reg.
Office |
|
30.03.2012 |
Change of company
postcode |
|
30.06.2012 |
New Accounts Filed |
|
11.07.2012 |
New Accounts Filed |
|
27.07.2012 |
Annual Returns |
|
05.06.2013 |
Annual Returns |
|
01.01.2014 |
New Accounts Filed |
|
12.03.2014 |
New Accounts Filed |
|
30.06.2014 |
Annual Returns |
|
20.10.2014 |
New Accounts
Filed |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
Turnover 0
0 0 0
Export
- - - -
Cost of Sales -
- - -
Gross Profit
- - - -
Wages And Salaries
0 0 0 0
Directors Emoluments -
- - -
Operating Profit -
- - -
Depreciation 2,577
2,631 3,023 3,219
Audit Fees
0 0 0 0
Interests Payments
- - - -
Pre Tax Profit
0 0 0 0
Taxation -
- - -
Profit After Tax
- - - -
Dividends Payable
- - - -
Retained Profit - - - -
|
|
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
31/12/2009 52 GBP Group: No |
|
Tangible
Assets |
14,604 |
14,906 |
17,132 |
18,240 |
|
Intangible
Assets |
0 |
0 |
0 |
0 |
|
Total Fixed
Assets |
14,604 |
14,906 |
17,132 |
18,240 |
|
Stock |
1,260,500 |
1,260,500 |
3,051,724 |
51,724 |
|
Trade
Debtors |
221,124 |
41,027 |
72,801 |
300,466 |
|
Cash |
190 |
5,578 |
3,194 |
387 |
|
Other
Debtors |
0 |
0 |
0 |
0 |
|
Miscellaneous
Current Assets |
0 |
0 |
0 |
0 |
|
Total
Current Assets |
1,481,814 |
1,307,105 |
3,127,719 |
352,577 |
|
Trade
Creditors |
4,087,740 |
3,739,360 |
3,610,889 |
847,264 |
|
Bank Loans
and Overdraft |
0 |
0 |
0 |
0 |
|
Other
Short Term Finance |
0 |
0 |
0 |
0 |
|
Miscellaneous
Current Liabilities |
0 |
0 |
0 |
0 |
|
Total
Current Liabilities |
4,087,740 |
3,739,360 |
3,610,889 |
847,264 |
|
Bank
Loans and Overdrafts LTL |
0 |
0 |
0 |
0 |
|
Other
Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long
Term Liabilities |
0 |
0 |
0 |
0 |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Called Up
Share Capital |
100 |
100 |
100 |
100 |
|
P and L
Account Reserve |
-2,591,422 |
-2,417,449 |
-466,138 |
-476,547 |
|
Revaluation
Reserve |
0 |
0 |
0 |
0 |
|
Sundry
Reserves |
0 |
0 |
0 |
0 |
|
Shareholders
Funds |
-2,591,322 |
-2,417,349 |
-466,038 |
-476,447 |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Net Worth |
-2,591,322 |
-2,417,349 |
-466,038 |
-476,447 |
|
Working
Capital |
-2,605,926 |
-2,432,255 |
-483,170 |
-494,687 |
|
Total
Assets |
1,496,418 |
1,322,011 |
3,144,851 |
370,817 |
|
Total
Liabilities |
4,087,740 |
3,739,360 |
3,610,889 |
847,264 |
|
Net Assets |
-2,591,322 |
-2,417,349 |
-466,038 |
-476,447 |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Net Cash
Flow from Operations |
0 |
0 |
0 |
0 |
|
Net Cash
Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash
Flow from Financing |
0 |
0 |
0 |
0 |
|
Increase in
Cash |
-5,388 |
2,384 |
2,807 |
-13,386 |
|
|
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Capital
Employed |
-2,591,322 |
-2,417,349 |
-466,038 |
-476,447 |
|
Name |
31/12/2012 |
31/12/2011 |
31/12/2010 |
31/12/2009 |
|
Pre Tax Profit
Margin |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current
Ration |
0.36 |
0.35 |
0.87 |
0.42 |
|
Sales or
Net Working Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
0.00 % |
0.00 % |
0.00 % |
0.00 % |
|
Equity |
-173.17 % |
-182.85 % |
-14.82 % |
-128.49 % |
|
Creditor
Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity
or Acid test |
0.05 |
0.01 |
0.02 |
0.35 |
|
Return on
Capital Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on
Total Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current
Debt Ratio |
-1.57 % |
-1.54 % |
-7.74 % |
-1.77 % |
|
Total Debt
Ratio |
-1.57 % |
-1.54 % |
-7.74 % |
-1.77 % |
|
Stock
Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on
Net Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
The 2013 accounts
should have been filed by 30.09.2014. The general financial position seems weak
and balance e sheetwise the company is technically insolvent. There are also a
number of county court judgments registered. Remains to be seen how the company
performed in 2013 and 2014.
Trading address: 28
Regent Street, Drive, Nottingham, NG7 1DE
Branches: none
Employees: 6
Principal Activities: Publishing
Company
Bank: Lloyds TSB Bank PLC
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.94.10 |
|
Euro |
1 |
Rs.73.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIS |
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.