MIRA INFORM REPORT

Report No. :	509191
Report Date :	15.05.2018

IDENTIFICATION DETAILS

Name :	MAINSTREAM GRANITE LIMITED

Registered Office :	22 Friars Street, Sudbury, Suffolk, Co10 2aa

Country :	United Kingdom

Financials (as on) :	31.12.2017

Date of Incorporation :	16.01.2014

Com. Reg. No.:	08848396

Legal Form :	Private limited with Share Capital

Line of Business :	Other retail sale not in stores, stalls or markets

No. of Employees :	2 [2017]

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

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

Company Name: MAINSTREAM GRANITE LIMITED

Company No: 08848396

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: 22 FRIARS STREETSUDBURYSUFFOLKCO10 2AA

Company Name

MAINSTREAM GRANITE LIMITED

Company Number

08848396

Company Summary

Registered Address 22 FRIARS STREET
SUDBURY
SUFFOLK
CO10 2AA

Trading Address 22 Friars Street
Sudbury
Suffolk
CO10 2AA

Website Address -

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 16/01/2014

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 15/03/2018

Currency GBP

Share Capital £200

SIC07 47990

Charity Number -

SIC07 Description OTHER RETAIL SALE NOT IN STORES, STALLS OR MARKETS

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant MOORE GREEN

Mortgages 2

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2017 - - £173,126 2

31/12/2016 - - £5,743 2

31/12/2015 - - £35,331 1

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 only made late payments on a low percentage of invoices.

The latest Balance Sheet indicates a positive 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 -	-

Total Current Directors	2	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	Mark Stuart Arthur White	Nationality	British
Date of Birth	09/1980	Present Appointments	1
Latest Address	22 Friars Street, Sudbury, Suffolk	Appointment Date	16/01/2014
Post Code	CO10 2AA
Title	Mr	Function	Director
Name	Daniel John Minnis	Nationality	British
Date of Birth	12/1978	Present Appointments	1
Latest Address	22 Friars Street, Sudbury, Suffolk	Appointment Date	04/07/2016
Post Code	CO10 2AA

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
DANIEL JOHN MINNIS	GBP	100	ORDINARY	1	50
MARK STUART ARTHUR WHITE	GBP	100	ORDINARY	1	50
1

Financials

Profit & Loss

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	-
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	-
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	-
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Depreciation	£21,224	154.4%	£8,344	-	£8,344	34.3%	£6,211	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Tangible Assets	£61,352	-6%	£65,294	95.7%	£33,372	-19.7%	£41,551	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Total Fixed Assets	£61,352	-6%	£65,294	95.7%	£33,372	-19.7%	£41,551	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Stock	£471,610	264.5%	£129,398	27.3%	£101,684	36%	£74,769	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Trade Debtors	£197,641	312.7%	£47,891	-31.5%	£69,882	29.3%	£54,031	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Cash	£5,335	-	0	-100%	£5,418	-35.9%	£8,447	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Other Debtors	0	-100%	£10,669	999.9%	£875	-	0	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Total Current Assets	£674,586	258.9%	£187,958	5.7%	£177,859	29.6%	£137,247	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Trade Creditors	£538,238	148.6%	£216,533	263.8%	£59,515	-66.6%	£178,224	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-100%	£35,833	-	0	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-100%	£73,878	-	0	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Total Current Liabilities	£538,238	148.6%	£216,533	28%	£169,226	-5%	£178,224	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£24,574	-20.7%	£30,976	-27.1%	£42,507	999.9%	£3,000	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Total Long Term Liabilities	£24,574	-20.7%	£30,976	364.1%	£6,674	122.5%	£3,000	-	-

Capital & Reserves

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Called Up Share Capital	£20,000	-	£20,000	999.9%	£100	-	£100	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	P & L Account Reserve	£153,126	999.9%	-£14,257	-140.5%	£35,231	999.9%	-£2,526	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Shareholder Funds	£173,126	999.9%	£5,743	-83.7%	£35,331	999.9%	-£2,426	-	-

Other Financial Items

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Net Worth	£173,126	999.9%	£5,743	-83.7%	£35,331	999.9%	-£2,426	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Working Capital	£136,348	577.2%	-£28,575	-431%	£8,633	121.1%	-£40,977	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Total Assets	£735,938	190.6%	£253,252	19.9%	£211,231	18.1%	£178,798	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Total Liabilities	£562,812	127.4%	£247,509	40.7%	£175,900	-2.9%	£181,224	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Net Assets	£173,126	999.9%	£5,743	-83.7%	£35,331	999.9%	-£2,426	-	-

Cash Flow

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/12/17	(%)	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	-
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Capital Employed	£197,700	438.4%	£36,719	-12.6%	£42,005	999.9%	£574	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Number of Employees	2	-	2	100%	1	-	-	-	-
	Accountants	MOORE GREEN
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/17	31/12/16	31/12/15	31/12/14	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Current ratio	1.25	0.87	1.05	0.77	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Gearing %	14.20	539.40	120.30	-123.70	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Equity in %	23.50	2.30	16.70	-1.40	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Liquidity/Acid Test	0.37	0.27	0.45	0.35	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Current Debt Ratio	3.10	37.70	4.78	-73.46	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Total Debt Ratio	3.25	43.09	4.97	-74.70	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\E\MAINSTREAM GRANITE LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event history

Date	Description
17/03/2018	New Accounts Filed
17/03/2018	New Accounts Filed
06/01/2018	Confirmation Statement
15/09/2017	New Accounts Filed
15/09/2017	New Accounts Filed
18/01/2017	Annual Returns
10/11/2016	Payment Data Update Received
23/09/2016	New Accounts Filed
13/07/2016	New Board Member Mr D.J. Minnis appointed
06/07/2016	New Board Member Mr D.J. Minnis appointed
24/06/2016	Payment Data Update Received
24/05/2016	Payment Data Update Received
18/03/2016	Payment Data Update Received
04/03/2016	Payment Data Update Received
21/02/2016	Annual Returns

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

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	18/04/17
Date Charge Registered:	20/04/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	23/06/14
Date Charge Registered:	01/07/14
Date Charge Satisfied:	07/04/17
Status:	SATISFIED
Person(s) Entitled:	LLOYDS BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Previous Director/Company Secretaries

No Previous Director Details
Total Persons With Significant Control	2	Total Statements	0
Active	2	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Mark Stuart Arthur White	Kind	Individual Person With Significant Control
Address	12 Constitution Hill, Sudbury, Suffolk	Country Of Residence	United Kingdom
Post Code	CO10 2PT	Nationality	British
Date of Birth	09/1980	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent,Right To Appoint And Remove Directors
Name	Daniel John Minnis	Kind	Individual Person With Significant Control
Address	The Shooting Lodge Shipbourne Road, Shipbourne, Tonbridge, Kent	Country Of Residence	United Kingdom
Post Code	TN11 9NS	Nationality	British
Date of Birth	12/1978	Notified On	04/07/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 25 To 50 Percent,Right To Appoint And Remove Directors

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 67.32
UK Pound	1	INR 91.25
Euro	1	INR 80.51
GBP	1	INR 91.75

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

INFORMATION DETAILS

Analysis Done by :	NIY

Report Prepared by :	SYL

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.