MIRA INFORM REPORT

 

 

Report No. :

302075

Report Date :

16.01.2015

 

IDENTIFICATION DETAILS

 

Name :

MARIOFF LIMITED

 

 

Formerly Known As :

MARIOFF HI-FOG LIMITED

 

 

Registered Office :

Badentoycrescent Badentoy Industrial Estate, Portlethen Aberdeen AB124YD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

07.10.1992

 

 

Com. Reg. No.:

SC140683

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         The provision of fire safety, protection and maintenence consultancy services.

·         Other Building Installation

·         Other construction installation

 

 

No. of Employees :

12

 

 

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 :

No Complaints

 

 

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 Identification

 

MARIOFF LIMITED

Telephone

+44 1224 784 844

 

BADENTOY CRESCENT

Fax

+44 1224 784 885

BADENTOY INDUSTRIAL ESTATE

Website

www.marioff.com

PORTLETHEN

ABERDEEN

AB12 4YD

United Kingdom

 

Company Number: Foundation:

 

SC140683 07/10/1992

 

Status:

VAT No:

 

Active - Accounts Filed

GB689126984

 

 

 

Main Indices

 

 No exact match CCJs are recorded against the company. A 5.1% growth in Total Assets occurred during the latest trading period. The audit report contains no adverse comments.

 

Sales in the latest trading period decreased 7.8% on the previous trading period. Net Worth decreased by 29.7% during the latest trading period. Pre-tax profits decreased by 20.6% compared to the previous trading period.

 

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 22 years ago.

 

 

Basic Information

 

Legal form

Private limited with Share Capital

 

Foundation

07/10/1992

 

Company No.

SC140683

 

Previous Names

 

Date of Change              Previous Name

28/06/1999                      MARIOFF HI-FOG LIMITED

 

 

Shareholders

 

Name

Currency

Number of shares

Share type

Nominal value

MARIOFF CORP OY

GBP

100,000

ORDINARY

1

Total Share Capital

 

 

 

GBP 100,000

 

Management

 

Directors

Name

Address:

Date of birth

Nationality

Appointment date

Mr Thomas Knowles

Shiels Cottage, Whitecairns, Aberdeen AB238UL

02/09/1949

British

20/10/2000

Mr Isto Olavi Hantila

Badentoy Crescent Badentoy Industrial Estate, Portlethen, Aberdeen AB12 4YD

01/09/1958

Finnish

01/09/2011

Mr Juha Markku Kuivalainen

Badentoy Crescent Badentoy Industrial Estate, Portlethen, Aberdeen AB12 4YD

20/03/1976

Finnish

19/11/2012

Mr Gavin Morrison

Badentoy Crescent Badentoy Industrial Estate, Portlethen, Aberdeen AB12 4YD

13/02/1975

British

05/11/2014

 

Company Secretary

Name

Address:

Appointment date

Mrs Laura Wilcock

Badentoy Crescent Badentoy Industrial Estate, Portlethen, Aberdeen AB12 4YD

15/11/2013

 

 

Other Known Addresses

Badentoy Crescent, Badentoy Industrial Estate, Portlethen, Aberdeen, Aberdeenshire AB12 4YD

 

 

Company relationships

 

Company No.

Name

Status

Country

Ultimate Parent

 

 

 

US43683485

UNITED TECHNOLOGIES CORP

Active

USA

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04482357

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04482320

GOODRICH ACTUATION SYSTEMS LIMITED

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United Kingdom

04511842

GOODRICH PENSION TRUSTEES LIMITED

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06774387

GOODRICH AFTERMARKET SERVICES LIMITED

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04132076

KIDDE INTERNATIONAL LIMITED

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United Kingdom

04239867

KIDDE UK

Active

United Kingdom

00254310

WALTER KIDDE LIMITED

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United Kingdom

01617797

DETECTOR ELECTRONICS (U.K.) LIMITED

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United Kingdom

03828605

IFTE LIMITED

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04053915

KIDDE HOLDINGS LIMITED

Active

United Kingdom

04622271

KIDDE PRODUCTS LIMITED

Active

United Kingdom

01054492

KIDDE FIRE PROTECTION SERVICES LIMITED

Non Trading

United Kingdom

02765244

AIRSENSE TECHNOLOGY LIMITED

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04622277

KIDDE GRAVINER LIMITED

Active

United Kingdom

04299285

KIDDE IP HOLDINGS LIMITED

Active

United Kingdom

03941629

KIDDE SAFETY EUROPE LIMITED

Active

United Kingdom

04880689

KIDDE SECURITIES LIMITED

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04881386

KIDDE SECURITIES INVESTMENTS LIMITED

Active

United Kingdom

05479198

SFS HOLDINGS LIMITED

Active

United Kingdom

05211559

SFS FIRE SERVICES LIMITED

Active

United Kingdom

 

SC069196

UTC FIRE & SECURITY UK LIMITED

Active

United Kingdom

07099699

GOODRICH INERTIAL HOLDINGS LIMITED

Active

United Kingdom

05893915

CT GROUP LIMITED

Non Trading

United Kingdom

04079172

CROMPTON HOLDINGS LIMITED

Non Trading

United Kingdom

00964143

CROMPTON TECHNOLOGY GROUP LIMITED

Active

United Kingdom

07102793

GOODRICH SYSTEMS LIMITED

Active

United Kingdom

04482312

GOODRICH CONTROL SYSTEMS

Active

United Kingdom

B78528

Goodrich Luxembourg S.a r.l.

Active

Luxembourg

04062399

GOODRICH LIMITED

Active

United Kingdom

07099727

GOODRICH INERTIAL LIMITED

Non Trading

United Kingdom

06208660

ATLANTIC INERTIAL SYSTEMS LIMITED

Active

United Kingdom

02425914

GOODRICH HOLDING UK LIMITED

Active

United Kingdom

02283176

SIMMONDS PRECISION LIMITED

Active

United Kingdom

02426119

GOODRICH AEROSPACE UK LIMITED

Active

United Kingdom

02849033

ROSEMOUNT AEROSPACE LIMITED

Active

United Kingdom

04614379

ROSEMOUNT AEROSPACE PROPERTIES LIMITED

Active

United Kingdom

SC166785

ROHR AERO SERVICES LIMITED

Active

United Kingdom

03116373

GOODRICH (GREAT BRITAIN) LIMITED.

Active

United Kingdom

00745611

DELAVAN LIMITED

Active

United Kingdom

04113303

GLOBAL SYSTEM TECHNOLOGY PLC

Active

United Kingdom

IE131605

SHANNON AIRCRAFT MOTOR WORKS LIMITED

Active

Ireland

IE146774

PRATT AND WHITNEY IRELAND HOLDINGS

Active

Ireland

IE146775

PWA INTERNATIONAL LIMITED

Active

Ireland

FC031301

SILVER II GUERNSEY HOLDINGS, LIMITED

Active

United Kingdom

08198224

SILVER II UK HOLDINGS LIMITED

Active

United Kingdom

IE235723

UNITED TECHNOLOGIES INTERCOMPANY LENDING IRELAND LIMITED

Active

Ireland

03855125

SIRIUS (KOREA) LIMITED

Active

United Kingdom

FC008580

U T HOLDINGS (UK) LLC

Active

United Kingdom

01627559

UTC PENSION TRUST LIMITED

Non Trading

United Kingdom

B103592

United Technologies Luxembourg S.a r.l.

Active

Luxembourg

04771514

BEESAIL LIMITED

Non Trading

United Kingdom

04644389

CEESAIL LIMITED

Active

United Kingdom

00785105

UNITED TECHNOLOGIES HOLDINGS LIMITED

Active

United Kingdom

00056058

GNITROW LTD

Non Trading

United Kingdom

00114707

OTIS E&M COMPANY LIMITED

Non Trading

United Kingdom

00200111

PITA LIMITED

Active

United Kingdom

02488833

BRITANNIA LIFT SERVICES (U.K.) LIMITED

Non Trading

United Kingdom

02596915

OTIS INTERNATIONAL HOLDINGS UK LIMITED

Non Trading

United Kingdom

03752349

DMS CONTROLS LIMITED

Non Trading

United Kingdom

06405459

PARKVIEW TREASURY SERVICES (UK) LIMITED

Active

United Kingdom

00184806

UNITED TECHNOLOGIES FINANCE (U.K.) LIMITED

Non Trading

United Kingdom

 

00147366

OTIS LIMITED

Active

United Kingdom

00105693

EXPRESS EVANS LIFTS LIMITED

Non Trading

United Kingdom

00119900

SKG (UK) LIMITED

Pending

United Kingdom

00154755

LIFT COMPONENTS LIMITED

Pending

United Kingdom

02611948

ENGLISH LIFTS

Non Trading

United Kingdom

02664390

EXPRESS LIFTS (OVERSEAS) LIMITED

Pending

United Kingdom

02704819

THE EXPRESS LIFT COMPANY LIMITED

Pending

United Kingdom

02710397

EXCELSIOR LIFTS LIMITED

Pending

United Kingdom

06802846

ADVANCE LIFTS (HOLDINGS) LIMITED

Non Trading

United Kingdom

01994099

ADVANCE LIFTS LIMITED

Pending

United Kingdom

07625455

FOSTER & CROSS (HOLDINGS) LIMITED

Non Trading

United Kingdom

04026318

FOSTER & CROSS (LIFTS) LIMITED

Non Trading

United Kingdom

00612633

EXPRESS LIFTS ALLIANCE LIMITED

Non Trading

United Kingdom

01173398

LERMAN OAKLAND LIFTS LIMITED

Pending

United Kingdom

03428903

TRENT VALLEY LIFTS LIMITED

Pending

United Kingdom

02339916

G.B. LIFTS LIMITED

Non Trading

United Kingdom

01761761

MOVEMANSKG LIMITED

Non Trading

United Kingdom

03361083

OAKLAND ELEVATORS LIMITED

Pending

United Kingdom

IE060180

OTIS ELEVATOR IRELAND LIMITED

Active

Ireland

05392324

CARRIER CONTROLS LIMITED

Active

United Kingdom

01832785

CARRIER HOLDINGS LIMITED

Active

United Kingdom

00943308

CARRIER REFRIGERATION UK LIMITED

Active

United Kingdom

00622792

CARRIER TRANSCONTINENTAL COMPANY LIMITED

Non Trading

United Kingdom

01080363

CARRIER TRANSICOLD (UK) LIMITED

Active

United Kingdom

02518876

HOLLAND HEATING UK LIMITED

Active

United Kingdom

04934986

DMS ENERGY SERVICES LIMITED

Non Trading

United Kingdom

03004623

ENGINEERED SOLUTIONS LIMITED

Non Trading

United Kingdom

02704815

FORAY 414 LIMITED

Non Trading

United Kingdom

03723803

TOSHIBA CARRIER UK LTD.

Active

United Kingdom

04108931

HAMILTON SUNDSTRAND UK HOLDINGS LIMITED

Active

United Kingdom

03449126

CLAVERHAM GROUP LIMITED

Active

United Kingdom

03495314

CLAVERHAM 98 LIMITED

Pending

United Kingdom

00839154

CLAVERHAM HOLDINGS LIMITED

Pending

United Kingdom

03384710

CLAVERHAM LIMITED

Active

United Kingdom

02590031

HS MARSTON AEROSPACE LIMITED

Active

United Kingdom

03787607

HS MARSTON AEROSPACE PENSION TRUSTEE LIMITED

Active

United Kingdom

01612480

OPTIMUM MAINTENANCE SYSTEMS LIMITED

Pending

United Kingdom

00066410

OTIS INVESTMENTS LIMITED

Non Trading

United Kingdom

00153829

EVANS LIFTS,LIMITED

Pending

United Kingdom

00502884

PORN & DUNWOODY (LIFTS) LIMITED

Pending

United Kingdom

01057996

PDERS KEY LIFTS LIMITED

Pending

United Kingdom

01765041

P & WC AIRCRAFT SERVICES (U.K.) LIMITED

Non Trading

United Kingdom

IE070993

I.L.S. IRISH LIFT SERVICES LIMITED

Active

Ireland

 

00921907

OAKLAND EXCELSIOR LIMITED

Pending

United Kingdom

03796957

PAGE GROUP LIMITED

Pending

United Kingdom

03262411

PAGE GROUP HOLDINGS LIMITED

Pending

United Kingdom

02566340

DE FACTO 779 LIMITED

Pending

United Kingdom

01339526

PAGE ENGINEERING (HOLDINGS) LIMITED

Active

United Kingdom

00615793

PAGE AEROSPACE LIMITED

Active

United Kingdom

03069139

PAGE MOULDINGS (PERSHORE) LIMITED

Pending

United Kingdom

03324641

PRATT & WHITNEY CANADA (UK) LIMITED

Active

United Kingdom

03658370

SENSITECH (UK) LTD

Active

United Kingdom

02319682

SHELLER-GLOBE HOLDINGS LIMITED

Non Trading

United Kingdom

05265655

KAYSAIL LIMITED

Active

United Kingdom

04039127

KIDDE LIMITED

Active

United Kingdom

04053789

KIDDE FINANCE LIMITED

Active

United Kingdom

IE364902

KIDDE REINSURANCE LIMITED

Non Trading

Ireland

03807755

CARRIER RENTAL SYSTEMS LIMITED

Active

United Kingdom

03831016

INGLEBY (1232) LIMITED

Active

United Kingdom

SC028224

CARRIER RENTAL SYSTEMS (UK) LIMITED

Active

United Kingdom

03991063

SLD PUMPS LIMITED

Pending

United Kingdom

04034666

CHUBB LIMITED

Active

United Kingdom

00017652

CHUBB INTERNATIONAL HOLDINGS LIMITED

Active

United Kingdom

00875040

CHUBB SECURITY (PENSIONS) LIMITED

Non Trading

United Kingdom

01638677

CHUBB INTERNATIONAL LIMITED

Active

United Kingdom

00027362

DUNFORD HEPBURN LIMITED

Non Trading

United Kingdom

00585729

CHUBB GROUP LIMITED

Active

United Kingdom

00134210

CHUBB FIRE LIMITED

Active

United Kingdom

01929512

CHUBB MANAGEMENT SERVICES LIMITED

Non Trading

United Kingdom

02124564

CHUBB GROUP PROPERTIES LIMITED

Active

United Kingdom

02289879

CHUBB GROUP (INTERNATIONAL) LIMITED

Active

United Kingdom

03855046

CHUBB OVERSEAS INVESTMENTS LIMITED

Non Trading

United Kingdom

IE312665

WHITE PEAK FINANCE IRELAND

Pending

Ireland

02937745

CHUBB FIRE SECURITY (SA) LIMITED

Non Trading

United Kingdom

02985115

CHUBB GROUP SECURITY LIMITED

Active

United Kingdom

00318215

SECURITY MONITORING CENTRES LIMITED

Active

United Kingdom

01892391

MENTOR BUSINESS SYSTEMS LIMITED

Active

United Kingdom

00373935

CHUBB (NI) LIMITED

Active

United Kingdom

01707967

BET SECURITY AND COMMUNICATIONS LIMITED

Active

United Kingdom

01033086

CHUBB DORMANT (NO.2) LIMITED

Non Trading

United Kingdom

00715168

CHUBB SYSTEMS LIMITED

Active

United Kingdom

03043311

HALLMARK FIRE LTD.

Non Trading

United Kingdom

02774304

T G PRODUCTS LIMITED

Active

United Kingdom

00524469

CHUBB FIRE & SECURITY LIMITED

Active

United Kingdom

03975224

ONITY LIMITED

Active

United Kingdom

IE064947

BRISBANE COMPANY LIMITED

Non Trading

Ireland

IE061780

CONNAUGHT SECURITY LIMITED

Non Trading

Ireland

IE027640

CHUBB IRELAND LIMITED

Active

Ireland

 

IE084726

IRISH SUPERIOR SAFETY SYSTEMS LIMITED

Non Trading

Ireland

IE253572

MAGNUM EUROPE LIMITED

Non Trading

Ireland

IE195085

MAGNUM INSTALLATIONS LIMITED

Non Trading

Ireland

IE103693

CONNAUGHT ALARMS LIMITED

Active

Ireland

00145799

PILGRIM HOUSE GROUP LIMITED

Active

United Kingdom

332958250000

Utcl Investments B.V.

Active

Luxembourg

05783481

OTIS UK HOLDING LIMITED

Non Trading

United Kingdom

34524762100054

UNITED TECHNOLOGIES HOLDINGS SAS

Active

France

IE319198

CARRIER REFRIGERATION IRELAND LIMITED

Non Trading

Ireland

IE472601

UNITED TECHNOLOGIES RESEARCH CENTRE IRELAND, LIMITED

Active

Ireland

05357514

UT (UK) LIMITED

Active

United Kingdom

130330090000

UTC Fire & Security B.V.

Active

Luxembourg

01386946

UTC FIRE & SECURITY (LEGACY 2011) LIMITED

Non Trading

United Kingdom

IE047264

UTC FIRE & SECURITY IRELAND HOLDINGS LIMITED

Active

Ireland

IE145574

UTC FIRE & SECURITY IRELAND LIMITED

Active

Ireland

Immediate Parent

06033807

Marioff Corporation Oy

Active

Estonia

 

 

Business activities

 

Main Activity

Principal Activity

The provision of fire safety, protection and maintenence consultancy services.

SIC03

Other building installation

SIC07

Other Construction Installation

 

 

Economic Data

 

Turnover and Employees

 

Date of Accounts

Turnover

Employees

31/12/2011

GBP 5,015,000

11

31/12/2012

GBP 6,867,000

12

31/12/2013

GBP 6,329,000

12

 

 

Supplementary Data

 

AUDITOR

Auditor name

PRICEWATERHOUSECOOPERS LLP

 

 

EVENTS

Company History

Date

 

23/06/2010

New Accounts Filed

23/06/2010

New Accounts Filed

09/11/2010

Annual Returns

13/09/2011

New Accounts Filed

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

24/11/2011

Annual Returns

20/08/2012

New Accounts Filed

20/08/2012

New Accounts Filed

07/11/2012

Mr H.E. Claynhills has left the board

08/11/2012

Annual Returns

30/01/2013

New Board Member Mr J.M. Kuivalainen appointed

04/11/2013

Annual Returns

09/11/2013

New Accounts Filed

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

01/07/2014

New Accounts Filed

10/10/2014

Annual Returns

17/11/2014

New Board Member Mr G. Morrison appointed

 

 

County Court Judgments (CCJs)

There are no County Court Judgments listed against this company

 

 

Accounts

 

Profit & Loss

 

 

31/12/2013

52 GBP Group: No

31/12/2012

52 GBP Group: No

31/12/2011

52 GBP Group: No

31/12/2010

52 GBP Group: No

Turnover

6,329,000

6,867,000

5,015,000

4,957,000

Export

0

0

702,000

644,000

Cost of Sales

5,313,000

5,855,000

4,156,000

4,089,000

Gross Profit

1,016,000

1,012,000

859,000

868,000

Wages And Salaries

601,000

571,000

568,000

478,000

Directors Emoluments

85,000

70,000

63,000

63,000

Operating Profit

306,000

393,000

208,000

201,000

Depreciation

0

0

0

54,000

Audit Fees

12,000

12,000

9,000

9,000

Interests Payments

0

0

0

0

Pre Tax Profit

320,000

403,000

219,000

209,000

Taxation

-3,000

332,000

-1,000

251,000

Profit After Tax

317,000

735,000

218,000

460,000

Dividends Payable

1,350,000

0

0

0

Retained Profit

-1,033,000

735,000

218,000

460,000

 

 

Balance Sheet

 

 

31/12/2013

52 GBP Group: No

31/12/2012

52 GBP Group: No

31/12/2011

52 GBP Group: No

31/12/2010

52 GBP Group: No

Tangible Assets

0

0

0

0

Intangible Assets

0

0

0

0

Total Fixed Assets

0

0

0

0

Stock

88,000

158,000

52,000

150,000

Trade Debtors

1,506,000

1,447,000

710,000

1,271,000

Cash

0

0

5,000

906,000

Other Debtors

2,734,000

2,512,000

3,141,000

2,497,000

Miscellaneous Current Assets

0

0

0

0

Total Current Assets

4,328,000

4,117,000

3,908,000

4,824,000

Trade Creditors

344,000

296,000

112,000

205,000

Bank Loans and Overdraft

10,000

0

0

0

Other Short Term Finance

425,000

77,000

759,000

1,622,000

Miscellaneous Current Liabilities

1,107,000

269,000

297,000

475,000

Total Current Liabilities

1,886,000

642,000

1,168,000

2,302,000

Bank Loans and Overdrafts LTL

10,000

0

0

0

Other Long Term Finance

0

0

0

0

Total Long Term Liabilities

0

0

0

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital & Reserves

 

 

31/12/2013

52

GBP

Group: No

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

Called Up Share Capital

100,000

100,000

100,000

100,000

P and L Account Reserve

2,342,000

3,375,000

2,640,000

2,422,000

Revaluation Reserve

0

0

0

0

Sundry Reserves

0

0

0

0

Shareholders Funds

2,442,000

3,475,000

2,740,000

2,522,000

 

 

Other Financial Items

 

 

31/12/2013

52

GBP

Group: No

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

Net Worth

2,442,000

3,475,000

2,740,000

2,522,000

Working Capital

2,442,000

3,475,000

2,740,000

2,522,000

Total Assets

4,328,000

4,117,000

3,908,000

4,824,000

Total Liabilities

1,886,000

642,000

1,168,000

2,302,000

Net Assets

2,442,000

3,475,000

2,740,000

2,522,000

 

Cash Flow

 

 

31/12/2013

52

GBP

Group: No

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

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

0

-5,000

-901,000

-618,000

 

 

Miscellaneous

 

 

31/12/2013

52

GBP

Group: No

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

Capital Employed

2,442,000

3,475,000

2,740,000

2,522,000

 

 

Financial Ratios

 

Name

31/12/2013

31/12/2012

31/12/2011

31/12/2010

Pre Tax Profit Margin

5.06 %

5.87 %

4.37 %

4.22 %

Current Ration

2.29

6.41

3.35

2.10

Sales or Net Working Capital

2.59

1.98

1.83

1.97

Gearing

0.41 %

0.00 %

0.00 %

0.00 %

Equity

56.42 %

84.41 %

70.11 %

52.28 %

Creditor Days

19.78

15.69

8.12

15.05

Debtor Days

86.61

76.70

51.53

93.33

Liquidity or Acid test

2.24

6.16

3.30

2.03

Return on Capital Employed

13.10 %

11.59 %

7.99 %

8.28 %

Return on Total Assets Employed

7.39 %

9.78 %

5.60 %

4.33 %

Current Debt Ratio

0.77 %

0.18 %

0.42 %

0.91 %

Total Debt Ratio

0.77 %

0.18 %

0.42 %

0.91 %

Stock Turnover Ratio

1.39 %

2.30 %

1.03 %

3.02 %

Return on Net Assets Employed

13.10 %

11.59 %

7.99 %

8.28 %

 

 

Remarks

 

Achieving good levels of turnover and probability. The general financial position appears to be in order and despite payment of dividends good reserves have been maintained. Company is part of large group whose revenue for 2013 amounted to US$ 62.626 billion and have 218,300 employees worldwide. Remains to be seen how the company performed during 2013/14 trading period.

 

Next accounts due to be filled by 30/09/2015

 

Activity: Supplier of water mist fire protection technology, with unrivalled experience supplying system solutions worldwide

 

Trading Address: Badentoy Crescent, Badentoy Industrial Estate, Portlethen, Aberdeen, Aberdeenshire AB12 4YD

 

You Give: 11 Lakeside Business Park, Swan Lane, Sandhurst, Berkshire – Not known when questioned upon interview

 

Branches: Group operates worldwide

 

Employees: 12

 

Bank: HSBC Bank PLC

 

Please note - Marioff Fire Protection is Marioff Limited

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.61.76

UK Pound

1

Rs.94.02

Euro

1

Rs.72.63

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.