MIRA INFORM REPORT

Report No. :	499538
Report Date :	24.03.2018

IDENTIFICATION DETAILS

Name :	WARDROPE ENGINEERING LIMITED

Registered Office :	18 Granville Avenue Hartlepool Cleveland TS26 8ND

Country :	United Kingdom

Financials (as on) :	31.03.2017

Date of Incorporation :	14.05.2007

Com. Reg. No.:	06246809

Legal Form :	Private limited with Share Capital

Line of Business :	Engineering Design Activities For Industrial Process And Production

No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory

Payment Behaviour :	Slow but Correct

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; the UK has been a net importer of energy since 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company Name and address

WARDROPE ENGINEERING LIMITED

18 GRANVILLE AVENUE HARTLEPOOL CLEVELAND TS26 8ND

Company No.

06246809

Company Status

Active - Accounts Filed

Company Summary

Registered Address 18 GRANVILLE AVENUE
HARTLEPOOL
CLEVELAND
TS26 8ND

Trading Address 18 Granville Avenue
Hartlepool
Cleveland
TS26 8ND

Website Address -

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 14/05/2007

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 07/12/2017

Currency GBP

Share Capital £100

SIC07 71121

Charity Number -

SIC07 Description ENGINEERING DESIGN ACTIVITIES FOR INDUSTRIAL PROCESS AND PRODUCTION

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/03/2017 - - £15,315 -

31/03/2016 - - £15,693 -

31/03/2015 - - £22,057 -

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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

This company trades in an industry with a lower 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	0
Total Previous Directors / Company Secretaries	1	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Ross Wardrope	Nationality	British
Date of Birth	03/1985	Present Appointments	1
Latest Address	18 Granville Avenue, Hartlepool, Cleveland	Appointment Date	14/05/2007
Post Code	TS26 8ND

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ROSS WARDROPE	GBP	100	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Depreciation	-	-	£177	-25%	£236	-	£236	44.8%	£163
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Tangible Assets	£693	30%	£533	-24.9%	£710	-24.9%	£946	21.3%	£780
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Total Fixed Assets	£693	30%	£533	-24.9%	£710	-24.9%	£946	21.3%	£780
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Stock	0	-	0	-	0	-	0	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Trade Debtors	£38,477	291.7%	£9,824	25%	£7,857	-70.1%	£26,234	102.5%	£12,952
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Cash	0	-100%	£18,950	-9.5%	£20,943	0.5%	£20,829	-66.8%	£62,664
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-100%	£9,707	-	£9,707	-12.8%	£11,128	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Total Current Assets	£38,477	0%	£38,481	-0.1%	£38,507	-33.8%	£58,191	-23%	£75,616
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Trade Creditors	£23,855	2.3%	£23,321	35.9%	£17,160	-5.8%	£18,224	1.3%	£17,984
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Total Current Liabilities	£23,855	2.3%	£23,321	35.9%	£17,160	-5.8%	£18,224	1.3%	£17,984
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Called Up Share Capital	-	-100%	£100	-	£100	-	£100	-	£100
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	P & L Account Reserve	£15,315	-1.8%	£15,593	-29%	£21,957	-46.2%	£40,813	-30%	£58,312
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Shareholder Funds	£15,315	-2.4%	£15,693	-28.9%	£22,057	-46.1%	£40,913	-30%	£58,412

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Net Worth	£15,315	-2.4%	£15,693	-28.9%	£22,057	-46.1%	£40,913	-30%	£58,412
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Working Capital	£14,622	-3.5%	£15,160	-29%	£21,347	-46.6%	£39,967	-30.7%	£57,632
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Total Assets	£39,170	0.4%	£39,014	-0.5%	£39,217	-33.7%	£59,137	-22.6%	£76,396
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Total Liabilities	£23,855	2.3%	£23,321	35.9%	£17,160	-5.8%	£18,224	1.3%	£17,984
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Net Assets	£15,315	-2.4%	£15,693	-28.9%	£22,057	-46.1%	£40,913	-30%	£58,412

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Capital Employed	£15,315	-2.4%	£15,693	-28.9%	£22,057	-46.1%	£40,913	-30%	£58,412
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Current ratio	1.61	1.65	2.24	3.19	4.20
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Equity in %	39.10	40.20	56.20	69.20	76.50
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	1.61	1.65	2.24	3.19	4.20
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Current Debt Ratio	1.55	1.48	0.77	0.44	0.30
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Total Debt Ratio	1.55	1.48	0.77	0.44	0.30
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\kajal\Temp123\REPORT\WARDROPE ENGINEERING LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
11/12/2017	New Accounts Filed
06/06/2017	Confirmation Statement
30/11/2016	New Accounts Filed
14/06/2016	Annual Returns
22/12/2015	New Accounts Filed
17/06/2015	Annual Returns
20/10/2014	New Accounts Filed
04/06/2014	Annual Returns
29/04/2014	Change in Reg.Office
29/04/2014	Change of Company Postcode
01/08/2013	New Accounts Filed
17/06/2013	Annual Returns
01/12/2012	New Accounts Filed
01/06/2012	Annual Returns
09/12/2011	Change in Reg.Office

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Drew Wardrope	0		1	0
Total Persons With Significant Control		1	Total Statements		0
Active		1	Active		0
Ceased		0	Ceased		0

Active Persons With Significant Control

Name	Mr Ross Wardrope	Kind	Individual Person With Significant Control
Address	18 Granville Avenue, Hartlepool, Cleveland	Country Of Residence	England
Post Code	TS26 8ND	Nationality	British
Date of Birth	03/1985	Notified On	06/04/2016
Nature Of Control	Ownership of shares - above 75%

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.13
UK Pound	1	INR 91.95
Euro	1	INR 80.34
GBP	1	INR 91.87

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	PRA

Report Prepared by :	TRU

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.