MIRA INFORM REPORT

 

 

Report No. :

320375

Report Date :

02.05.2015

 

IDENTIFICATION DETAILS

 

Name :

3D LASER MAPPING LIMITED

 

 

Registered Office :

Unit 1, Moorbridge Court, oorbridge Road East Nottingham NG13 8GG

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

30.09.1999

 

 

Com. Reg. No.:

03851557

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

The sale and support of laser mapping systems, laser surveying and data processing.

 

 

No. of Employees :

Not Available

 

 

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 – 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

 

3D LASER MAPPING LIMITED

 

 

Address

 

UNIT 1, MOORBRIDGE COURT,

MOORBRIDGE ROAD EAST

NOTTINGHAM

NG13 8GG

 

 

Company No

 

03851557

 

 

Company Status

 

Active - Accounts Filed

 

 

Company Summary

 

 

Registered Address      UNIT 1, MOORBRIDGE COURT,             Trading Address          1 Moorbridge Court

MOORBRIDGE ROAD EAST                                                      Moorbridge Road

NOTTINGHAM                                                                           Bingham

Nottingham, Nottinghamshire

NG13 8GG                                                                                NG13 8GG

Website Address          http://www.3dlasermapping.com

Telephone Number       01949838004                                        Fax Number

TPS                              Yes                                                      FPS                              No

Incorporation Date       30/09/1999

Previous Name                                                                         Type                             Private limited with

Share Capital

FTSE Index                  -

Date of Change -                                                                       Filing Date of Accounts 17/12/2014

Currency GBP                                                                          Share Capital               £14,000

SIC07 46520                                                                             Charity Number            -

SIC07 Description        WHOLESALE OF ELECTRONIC AND TELECOMMUNICATIONS EQUIPMENT AND PARTS

Principal Activity          The sale and support of laser mapping systems, laser surveying and data processing.

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/03/2014

£3,064,484

£196,669

£1,145,208

-

31/03/2013

£6,633,581

£618,796

£1,029,169

-

31/03/2012

£5,360,325

£452,971

£710,438

-

 

 

Mortgage Summary

 

Total Mortgage                                                 2

Outstanding                                                     1

Satisfied                                                           1

 

 

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 only made late payments on a low percentage of invoices.

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

There has been an increase 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 -               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 -                       -

 

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company 5 Secretaries

5

 

Current Directors

 

Name

Graham Canning Hunter           

Date of Birth

11/08/1966

Officers Title

Dr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

30/09/1999

 

 

Address

37 Skylark Close, Bingham, Nottingham, Nottinghamshire, NG13 8QH

 

 

 

 

Current Company Secretary

 

Name

Nicole Christine Hunter            

Date of Birth

27/12/1973

Officers Title

Ms

Nationality

British

Present Appointments

3

Function

Company Secretary

Appointment Date

04/07/2005

 

 

Address

37 Skylark Close, Bingham, Nottingham, Nottinghamshire, NG13 8QH

 

 

 

 

Top 20 Shareholders

 

Name

Currency    Share

Count     

Share Type    

Nominal Value

% of Total Share Count

GNINVESTMENTS LTD

GBP          

14,000              

ORDINARY

1

100

 

 

Profit & Loss

 

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£3,064,484

-53.8%

£6,633,581

23.8%

£5,360,325

41.4%

£3,792,053

40.8%

£2,694,034

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£2,327,591

-49%

£4,561,713

25.6%

£3,633,324

47.4%

£2,465,270

30.2%

£1,894,089

Gross Profit

£736,893

-64.4%

£2,071,868

20%

£1,727,001

30.2%

£1,326,783

65.9%

£799,945

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

£9,000

8.4%

£8,303

-88.2%

£70,603

-25.7%

£95,000

-

£95,000

Operating Profit

£212,439

-67.6%

£656,640

24.8%

£525,986

20.7%

£435,683

498.9%

£72,743

Depreciation

£37,166

-15.8%

£44,132

17.5%

£37,551

27.9%

£29,364

156.9%

£11,430

Audit Fees

-

-100%

£13,340

26.4%

£10,550

0.7%

£10,475

24.7%

£8,400

Interest Payments

£15,770

-58.3%

£37,857

15%

£32,915

63.3%

£20,155

23.2%

£16,362

Pre Tax Profit

£196,669

-68.2%

£618,796

36.6%

£452,971

9%

£415,534

635.6%

£56,487

Taxation

£6,370

110.3%

-£61,634

26.3%

-£83,681

10%

-£93,015

-335.6%

-£21,355

Profit After Tax

£203,039

-63.6%

£557,162

50.9%

£369,290

14.5%

£322,519

818%

£35,132

Dividends Payable

£87,000

-63.5%

£238,431

223.6%

£73,687

239.6%

£21,700

-

-

Retained Profit

£116,039

-63.6%

£318,731

7.8%

£295,603

-1.7%

£300,819

756.3%

£35,132

 

 

Balance Sheet

 

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Tangible Assets

£51,397

-37.7%

£82,475

-14.5%

£96,466

19.4%

£80,777

83.4%

£44,040

Intangible Assets

£172,500

-20.7%

£217,500

-

0

-

0

-

0

Total Fixed Assets

£223,897

-25.4%

£299,975

211%

£96,466

19.4%

£80,777

83.4%

£44,040

Stock

£980,367

-14.3%

£1,143,965

77.9%

£643,043

37%

£469,332

9.9%

£427,041

Trade Debtors

£357,525

-22.7%

£462,611

-21.7%

£591,001

43.6%

£411,464

-34.2%

£625,131

Cash

£45,075

243.8%

£13,111

-95.4%

£286,266

45.5%

£196,711

999.9%

£3,146

Other Debtors

£1,303,470

41.2%

£923,303

2.7%

£899,366

237.1%

£266,806

727%

£32,263

Miscellaneous Current Assets

0

-

0

-

0

-100%

£87,719

-

£87,719

Total Current Assets

£2,686,437

5.6%

£2,542,990

5.1%

£2,419,676

69%

£1,432,032

21.8%

£1,175,300

Trade Creditors

£625,959

-28.3%

£873,488

22.9%

£710,762

19.6%

£594,456

-25.3%

£796,222

Bank Loans & Overdrafts

£183,462

-

0

-

0

-

0

-

0

Other Short Term Finance

£196,273

86.7%

£105,101

13%

£93,016

53%

£60,798

42.5%

£42,659

Miscellaneous Current Liabilities

£698,794

-0.3%

£701,201

-22.9%

£909,181

165.1%

£342,999

154.2%

£134,912

Total Current Liabilities

£1,704,488

1.5%

£1,679,790

-1.9%

£1,712,959

71.6%

£998,253

2.5%

£973,793

Bank Loans & Overdrafts and LTL

£244,100

82.2%

£134,006

44.5%

£92,745

-7%

£99,721

-24.2%

£131,531

Other Long Term Finance

£58,617

-53.3%

£125,615

60.1%

£78,444

-12.6%

£89,754

-31.8%

£131,531

Total Long Term Liabilities

£60,638

-54.7%

£134,006

44.5%

£92,745

-7%

£99,721

-24.2%

£131,531

.

 

Capital & Reserves

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Called Up Share Capital

£14,000

-

£14,000

-

£14,000

-

£14,000

-

£14,000

P & L Account Reserve

£1,131,208

11.4%

£1,015,169

45.8%

£696,438

73.7%

£400,835

300.8%

£100,016

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£1,145,208

11.3%

£1,029,169

44.9%

£710,438

71.3%

£414,835

263.8%

£114,016

 

Other Financial Items

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Worth

£972,708

19.8%

£811,669

14.2%

£710,438

71.3%

£414,835

263.8%

£114,016

Working Capital

£981,949

13.8%

£863,200

22.1%

£706,717

62.9%

£433,779

115.3%

£201,507

Total Assets

£2,910,334

2.4%

£2,842,965

13%

£2,516,142

66.3%

£1,512,809

24.1%

£1,219,340

Total Liabilities

£1,765,126

-2.7%

£1,813,796

0.4%

£1,805,704

64.5%

£1,097,974

-0.7%

£1,105,324

Net Assets

£1,145,208

11.3%

£1,029,169

44.9%

£710,438

71.3%

£414,835

263.8%

£114,016

 

 

Cash Flow

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,205,846

3.7%

£1,163,175

44.8%

£803,183

56.1%

£514,556

109.6%

£245,547

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

Auditor Comments

The company is exempt from audit

Bankers

THE ROYAL BANK OF SCOTLAND PLC

Bank Branch Code

16-25-16

 

 

Ratios

 

Date Of Accounts

31/03/14

31/03/13

31/03/12

31/03/11

31/03/10

Pre-tax profit margin %

6.42

9.33

8.45

10.96

2.10

Current ratio

1.58

1.51

1.41

1.43

1.21

Sales/Net Working Capital

3.12

7.68

7.58

8.74

13.37

Gearing %

21.30

13

13.10

24

115.40

Equity in %

41.80

39.20

28.20

27.40

9.40

Creditor Days

74.35

47.93

48.26

57.06

107.58

Debtor Days

42.46

25.38

40.13

39.49

84.46

Liquidity/Acid Test

1

0.83

1.03

0.96

0.76

Return On Capital Employed %

16.30

53.19

56.39

80.75

23

Return On Total Assets Employed %

6.75

21.76

18

27.46

4.63

Current Debt Ratio

1.48

1.63

2.41

2.40

8.54

Total Debt Ratio

1.54

1.76

2.54

2.64

9.69

Stock Turnover Ratio %

31.99

17.24

11.99

12.37

15.85

Return on Net Assets Employed %

17.17

60.12

63.75

100.16

49.54

 

 

Report Notes

 

 There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

30/12/2014

New Accounts Filed

22/10/2014

Annual Returns

23/10/2013

Annual Returns

20/08/2013

New Accounts Filed

20/08/2013

New Accounts Filed

10/12/2012

New Accounts Filed

24/10/2012

Annual Returns

19/12/2011

New Accounts Filed

19/12/2011

New Accounts Filed

01/11/2011

Annual Returns

10/01/2011

New Accounts Filed

10/01/2011

New Accounts Filed

09/11/2010

Annual Returns

09/08/2010

Change in Reg.Office

09/08/2010

Change of Company Postcode

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

5 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

GN INVESTMENTS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

GN INVESTMENTS LIMITED

 

 

Group Structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Limit

Turnover

N INVESTMENTS LIMITED

07824302

31.03.2014

N

£3,000

GEOSLAM LIMITED

07824395

31.03.2014

N

£0

£352,993

3D LASER MAPPING LIMITED

03851557

31.03.2014

N

£75,000

£3,064,484

3D LASER MAPPING SER...

04548280

31.03.2014

N

-

3D LASER MAPPING INTER...

05488475

31.03.2014

N

£500

£1,210,937

 

 

Mortgage Details

 

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

26/03/12

Date Charge Registered:

31/03/12

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

SVENSKA HANDELSBANKEN AB (PUBL)

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, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

 

Mortgage Type:

CHARGE DEPOSIT

Date Charge Created:

19/09/08

Date Charge Registered:

25/09/08

Date Charge Satisfied:

31/03/12

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

Details:

ALL DEPOSITS NOW AND IN THE FUTURE CREDIT TO ACCOUNT DESIGNATION 10539450 WITH THE BANK AND ANY DEPOSIT OR ACCOUNT OF ANY OTHER CURRENCY DESCRIPTION OR DESIGNATION WHICH DERIVES IN WHOLE OR IN PART FROM SUCH DEPOSITS OR ACCOUNT NOTE THE DEPOSIT IS NOT CAPABLE OF BEING ASSIGNED DEALT WITH MORTGAGED OR CHARGED

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

YORK PLACE COMPANY SECRETARIES LIMITED

209

3035

Graham Canning Hunter

5

4

Hester Chatarina Koortzen

0

1

YORK PLACE COMPANY NOMINEES LIMITED

734

31909

YORK PLACE COMPANY SECRETARIES LIMITED

831

31480

 

 

Average Invoice Value

Ł49.31

Invoices available

140

Paid

140

Outstanding

0

 

 

 

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

78

52

10

0

0

Outstanding

0

0

0

0

0

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.58

UK Pound

1

Rs.97.99

Euro

1

Rs.70.53

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

VNT

 

               

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.