MIRA INFORM REPORT

 

 

Report No. :

323308

Report Date :

25.05.2015

 

IDENTIFICATION DETAILS

 

Name :

ZOO HARDWARE LIMITED

 

 

Registered Office :

Sterling House Wavell Drive Rosehill Carlisle Ca1 2SA

 

 

Country :

United Kingdome

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

10.11.2009

 

 

Com. Reg. No.:

07071628

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Subject is engaged in wholesale of hardware, plumbing and heating equipment and supplies

 

 

No. of Employee :

Not Available 

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

 

 

 

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED KINGDOME - 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

 

ZOO HARDWARE LIMITED

 

 

Company No

 

07071628

 

 

Registered Address

 

STERLING HOUSE WAVELL DRIVE ROSEHILL CARLISLE CA1 2SA

 

 

Company Summary

 

Registered Address

 

STERLING HOUSE WAVELL DRIVE
ROSEHILL
CARLISLE
CA1 2SA

 

Trading Address

 

Sterling House Wavell Drive
Rosehill
Carlisle
Carlisle, Cumbria
CA1 2SA

 

Website Address                      http://www.zoohardware.co.uk

Telephone Number                   -

Fax Number    

TPS                                          -

FPS                                          No

Incorporation Date                   10/11/2009

Previous Name

Type                                         Private limited with Share Capital

FTSE Index                              -

Date of Change                         -

Filing Date of Accounts            22/10/2014

Currency                                  GBP

Share Capital                           £100

SIC07                                       46740

Charity Number                        -

SIC07 Description                    WHOLESALE OF HARDWARE, PLUMBING AND HEATING EQUIPMENT AND SUPPLIES

Principal Activity

 

 

Key Financials

 

Year to Date                 Turnover          Pre Tax Profit               Shareholder                 Funds Employees

31/03/2014                    -                       -                                   -£1,007,827                   -

31/03/2013                    -                       -                                   -£1,427,442                   -

31/03/2012                    -                       -                                   -£1,434,291                   -

 

 

Mortgage Summary

 

Total Mortgage                         2

Outstanding                             2

Satisfied                                   0

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                 2

Total Value of Documented Trade                    £20,679

 

 

Commentary

 

This company has been treated as a Small company in respect of the rating/limit generated.

The latest Balance Sheet indicates a negative net working capital position.

The latest cash balances are considered to be low in terms of the overall outstanding creditor obligations.

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 -

-

Back to TopDescription: Description: \\shraddha\Online Foreign Reports\ZOO HARDWARE LIMITED_files\Up.jpg

Show more

 

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

1

 

 

Current Directors

 

Name

Robin George Graham

Date of Birth

17/12/1957

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

10/11/2009

Address

Bayberry House Newby East, Carlisle, Cumbria, CA4 8RA

Disqualified

Disqualified End Date

Disqualification Exception

No

 

 

Current Company Secretary

 

Name

John Little

Date of Birth

-

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

10/11/2009

Address

Sterling House Wavell Drive, Rosehill, Carlisle, Cumbria, CA1 2SA

Other Actions

View Consumer Report

View Trace Report

Disqualified

Disqualified End Date

Disqualification Exception

No

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

IKON HARDWARE LTD

GBP

80

ORDINARY

1

80

SIMON BRAITHWAITE

GBP

5

ORDINARY

1

5

STEPHEN DIBBLE

GBP

5

ORDINARY

1

5

MAO SHENGJUN

GBP

5

ORDINARY

1

5

ALBERT JOHN KHAN

GBP

5

ORDINARY

1

5

 

 

Profit & Loss

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

Turnover

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

Depreciation

£31,747

11.8%

£28,385

-10.4%

£31,675

45.4%

£21,780

-

Audit Fees

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

Tangible Assets

£247,771

152.9%

£97,955

-11.5%

£110,656

19%

£92,981

-

Intangible Assets

0

-

0

-

0

-

0

-

Total Fixed Assets

£247,771

152.9%

£97,955

-11.5%

£110,656

19%

£92,981

-

Stock

£2,534,012

46.8%

£1,726,551

3.3%

£1,671,560

4.4%

£1,601,109

-

Trade Debtors

£1,919,586

67.8%

£1,143,839

16.8%

£979,686

95.6%

£500,808

-

Cash

£812

-

0

-100%

£2

-

£2

-

Other Debtors

0

-

0

-

0

-

0

-

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

Total Current Assets

£4,454,410

55.2%

£2,870,390

8.3%

£2,651,248

26.1%

£2,101,919

-

Trade Creditors

£3,407,374

20.7%

£2,821,931

-1.4%

£2,860,895

26.9%

£2,254,395

-

Bank Loans & Overdrafts

£309,346

11.4%

£277,711

90.9%

£145,494

-20.2%

£182,381

-

Other Short Term Finance

0

-

0

-

0

-

0

-

Miscellaneous Current Liabilities

£1,298,517

54.6%

£840,109

14.4%

£734,173

87.9%

£390,808

-

Total Current Liabilities

£5,015,237

27.3%

£3,939,751

5.3%

£3,740,562

32.3%

£2,827,584

-

Bank Loans & Overdrafts and LTL

£1,004,117

36.8%

£733,747

22.1%

£601,127

2.1%

£588,735

-

Other Long Term Finance

0

-

0

-

0

-

0

-

Total Long Term Liabilities

£694,771

52.4%

£456,036

0.1%

£455,633

12.1%

£406,354

-

.

 

Capital & Reserves

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

P & L Account Reserve

-£1,007,927

29.4%

-£1,427,542

0.5%

-£1,434,391

-38%

-£1,039,138

-

Revaluation Reserve

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

Shareholder Funds

-£1,007,827

29.4%

-£1,427,442

0.5%

-£1,434,291

-38%

-£1,039,038

-

 

 

Other Financial Items

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

Net Worth

-£1,007,827

29.4%

-£1,427,442

0.5%

-£1,434,291

-38%

-£1,039,038

-

Working Capital

-£560,827

47.6%

-£1,069,361

1.8%

-£1,089,314

-50.1%

-£725,665

-

Total Assets

£4,702,181

58.4%

£2,968,345

7.5%

£2,761,904

25.8%

£2,194,900

-

Total Liabilities

£5,710,008

29.9%

£4,395,787

4.8%

£4,196,195

29.8%

£3,233,938

-

Net Assets

-£1,007,827

29.4%

-£1,427,442

0.5%

-£1,434,291

-38%

-£1,039,038

-

 

 

Cash Flow

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

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

(%)

-

Contingent Liability

NO

-

NO

-

NO

-

NO

-

-

Capital Employed

-£313,056

67.8%

-£971,406

0.7%

-£978,658

-54.7%

-£632,684

-

-

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

Ratios

 

Date Of Accounts

31/03/14

31/03/13

31/03/12

31/03/11

Pre-tax profit margin %

-

-

-

-

Current ratio

0.89

0.73

0.71

0.74

Sales/Net Working Capital

-

-

-

-

Gearing %

-99.60

-51.40

-41.90

-56.70

Equity in %

-21.40

-48.10

-51.90

-47.30

Creditor Days

-

-

-

-

Debtor Days

-

-

-

-

Liquidity/Acid Test

0.38

0.29

0.26

0.17

Return On Capital Employed %

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

Current Debt Ratio

-4.97

-2.76

-2.60

-2.72

Total Debt Ratio

-5.66

-3.07

-2.92

-3.11

Stock Turnover Ratio %

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

 

 

Event History

 

Date

Description

21/11/2014

Annual Returns

31/10/2014

New Accounts Filed

23/12/2013

Annual Returns

14/12/2013

New Accounts Filed

03/01/2013

New Accounts Filed

03/01/2013

New Accounts Filed

16/11/2012

Annual Returns

17/11/2011

Annual Returns

12/08/2011

New Accounts Filed

15/11/2010

Annual Returns

11/02/2010

Mr C. John has left the board

11/02/2010

New Board Member Mr R.G. Graham appointed

11/02/2010

New Company Secretary Mr J. Little appointed

12/11/2009

New Board Member Mr C. John appointed

 

 

Previous Company Names

 

No Previous Names found

 

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

IKON HARDWARE LIMITED

Ownership Status

Intermediately Owned

Ultimate Holding Company

IKON HARDWARE LIMITED

 

 

Group Structure

 

Company Name

Safe Number

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

Description: Description: \\shraddha\Online Foreign Reports\ZOO HARDWARE LIMITED_files\tminus.gifIKON HARDWARE LIMITED

 

UK06690573

07048798

31.03.2014

N

Description: Description: \\shraddha\Online Foreign Reports\ZOO HARDWARE LIMITED_files\L.gifZOO HARDWARE LIMITED

 

UK06713374

07071628

31.03.2014

N



Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

24/05/10

Date Charge Registered:

26/05/10

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

 

Mortgage Type:

ALL ASSETS DEBENTURE

Date Charge Created:

23/03/10

Date Charge Registered:

08/04/10

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

RBS INVOICE FINANCE LIMITED

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

 

 

Creditor Details

 

Total Number

Total Value

Trade Creditors

0

-

 

No Creditor Data

 

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors

2

£20,679

 

Company Name

Amount

Statement Date

T M S Scheduling Ltd

£10,412

17/12/2013

A S G Hardware Ltd

£10,267

17/08/2012

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Ceri John

76

976

 

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

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

Outstanding

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.57

UK Pound

1

Rs.99.67

Euro

1

Rs.70.93

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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.