MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
CINTEL INTERNATIONAL LIMITED |
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Registered Office : |
Watton Rd, Ware Hertfordshire SG12 0AE |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
15/08/2000 |
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Com. Reg. No.: |
04053340 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Manufacturers of Telesene Broadcast Equipments |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
CINTEL INTERNATIONAL LIMITED |
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Holding Company |
Giles Briggs Holdings Ltd |
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Ultimate Holding Company |
P H GILES & CO LTD |
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Trading Address |
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Telephone |
01920-463939 |
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High Risk! - This company's Credit Limit should be
regarded as an absolute limit and may require some form of guarantee |
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Credit Limit |
GBP 300 |
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Selling to this company? The Credit Limit is the recommended
maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 300 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
04053340 |
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Date of Incorporation |
15/08/2000 |
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Registered Office |
Watton Rd, Ware Hertfordshire SG12 0AE |
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Date of Last Annual Return to Registry |
15/08/2006 |
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Activities |
Manufacturers of Telesene Broadcast Equipments
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Accounts |
The last filed accounts cover the period to 31/12/2005 and
were filed on 20/10/2006 |
Recently Filed
Documents
Details of the most recent documents
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Date Received |
Description |
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15/08/2006 |
Annual Return |
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31/12/2005 |
Financial Statement / Set of Accounts |
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It should be noted that there is no legal requirement to file satisfaction
details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
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Address |
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Date of Birth |
03/04/1949 |
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Appointment Date |
17/10/2000 |
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Other Appointments |
P H GILES & CO LIMITED, BRIMAR LIMITED, WARE
REALISATIONS LIMITED, IMAGE PRECISION INTERNATIONAL LIMITED, IPI
TRUSTEE LIMITED, SPEEDPART LIMITED, SPEEDPART (GROUP)
LIMITED, CINTEL INTERNATIONAL LIMITED, GILES BRIGGS HOLDINGS
LIMITED, HARROGATE MANAGEMENT CENTRE LIMITED, EXCEPTION GROUP
LIMITED, P H GILES PROPERTIES LIMITED, GAYNOR GROUP PLC |
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DIRECTOR |
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Occupation |
MANAGER |
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Address |
261, |
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Country of Origin |
BRITISH |
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Date of Birth |
06/12/1975 |
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Appointment Date |
29/04/2005 |
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Other Appointments |
P H GILES & CO LIMITED, CINTEL INTERNATIONAL LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
70, THE MOUNT HALE BARNS , ALTRINCHAM , |
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Country of Origin |
BRITISH |
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Date of Birth |
25/09/1943 |
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Appointment Date |
29/03/2007 |
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Other Appointments |
P H GILES & CO LIMITED, G P AUTOMOTIVE LIMITED, BRIMAR
PENSION TRUSTEES LIMITED, IPI TRUSTEE LIMITED, SPEEDPART
LIMITED, SPEEDPART (GROUP) LIMITED, BANCROFT COURT PROPERTY
MANAGEMENT LIMITED, CINTEL INTERNATIONAL LIMITED, GILES BRIGGS
HOLDINGS LIMITED, P H GILES PROPERTIES LIMITED |
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SECRETARY |
MR PHILIP BOUSFIELD |
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Address |
DRAYTON WOOD HOUSE, |
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Country of Origin |
BRITISH |
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Appointment Date |
29/03/2007 |
Recently Resigned
Directors (last 3)
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DIRECTOR |
MR PAUL ANDREW BRIGGS |
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Address |
HEATHCOTE , |
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Date of Birth |
09/02/1964 |
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Resignation Date |
29/04/2005 |
Share Summary
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Share information is not held for this company. |
Mortgages and Charges
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Total Registered |
5 |
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Total Outstanding |
5 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
07/10/2005 |
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Date Registered |
20/10/2005 |
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Type |
395 |
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Date Created |
07/10/2005 |
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Lender |
P H GILES & CO LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
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Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
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Satisfied? |
No |
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Date Registered |
13/10/2005 |
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Type |
395 |
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Date Created |
07/10/2005 |
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Lender |
THE GOVERNOR AND COMPANY OF THE BANK OF |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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Details |
FIRST FIXED CHARGE THE EQUIPMENT BEING 1 DEMONSTRATION MACHINE C REALITY
DESIGNATED C2, 1 X DEMONSTRATION MACHINE MILLENIUM DESIGNATED M6, // SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
05/02/2005 |
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Type |
395 |
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Date Created |
01/02/2005 |
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Lender |
P H GILES & CO LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
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Details |
BY WAY OF FIRST FIXED CHARGE ALL THE PLANT MACHINERY AND EQUIPMENT OF
THE COMPANY BEING DEMONSTRATION MACHINE C-REALITY DESIGNATED C2 AND
DEMONSTRATION MACHINE MILLENIUM DESIGNATED M6 // SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
09/07/2004 |
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Type |
395 |
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Date Created |
23/06/2004 |
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Lender |
PH GILES & CO LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
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Details |
DEMONSTRATION MACHINE TYPE DSX DESIGNATED C4 AND DEMONSTRATION MACHINE
TYPE MILLENIUM DESIGNATED M6 // |
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Satisfied? |
Fully |
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Date Registered |
21/10/2000 |
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Type |
395 |
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Date Created |
17/10/2000 |
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Lender |
THE GOVERNOR AND COMPANY OF THE BANK OF |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
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Details |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURES FIXED PLANT AND MACHINERY |
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Satisfied? |
No |
Public Record
Information
Summary of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
Manufacturers of Telesene Broadcast Equipments |
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Sic Code |
Description |
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3162 |
Manufacture of other electrical equipment not elsewhere classified |
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Staff Employed |
60 |
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Auditors |
Baker Tilly |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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SALES |
4,485 |
6,437 |
7,461 |
6,032 |
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Cost of goods sold |
1,754 |
2,854 |
2,840 |
3,902 |
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GROSS PROFIT |
2,731 |
3,583 |
4,621 |
2,130 |
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General administration costs (-) |
4,080 |
3,496 |
4,327 |
4,511 |
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Wages and Salaries |
2,163 |
2,061 |
2,319 |
2,121 |
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Depreciation |
52 |
53 |
340 |
82 |
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Net Operating Profit(Loss) |
-1,349 |
87 |
334 |
-2,171 |
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Non Trading Income |
23 |
20 |
- |
- |
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Total Non Trading Income |
23 |
20 |
0 |
0 |
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Interest expenses & similar (-) |
304 |
256 |
204 |
217 |
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Financial Expenses |
304 |
256 |
204 |
217 |
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PRE TAX PROFIT |
-1,630 |
-149 |
130 |
-2,388 |
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PROFIT AFTER TAX |
-1,630 |
-149 |
130 |
-2,388 |
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Net Loss |
1,630 |
149 |
- |
2,388 |
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Dividends Payable |
0 |
0 |
0 |
0 |
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RETAINED PROFITS |
- |
- |
130 |
- |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
56 |
99 |
143 |
213 |
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Plant, machinery & equipment |
16 |
39 |
63 |
113 |
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Intangible Assets |
40 |
60 |
80 |
100 |
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TOTAL CURRENT ASSETS |
2,788 |
3,863 |
4,484 |
3,710 |
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Stocks |
1,727 |
1,060 |
1,173 |
1,499 |
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Trade Debtors |
377 |
1,618 |
2,557 |
729 |
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Prepaid expenses |
88 |
625 |
206 |
551 |
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Group Loans |
9 |
312 |
340 |
830 |
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Marketable Securities |
587 |
- |
208 |
- |
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TOTAL ASSETS |
2,844 |
3,962 |
4,627 |
3,923 |
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TOTAL CURRENT LIABILITIES |
4,470 |
4,208 |
4,724 |
4,150 |
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Trade Creditors |
338 |
618 |
436 |
246 |
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Bank Overdraft |
1,528 |
1,256 |
1,420 |
1,331 |
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Taxes |
54 |
113 |
54 |
67 |
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Other Current Liabilities |
38 |
175 |
253 |
- |
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Due From Group |
1,279 |
1,002 |
886 |
1,486 |
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Accruals & deferred income |
1,233 |
1,044 |
1,675 |
1,020 |
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WORKING CAPITAL |
-1,682 |
-345 |
-240 |
-440 |
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TOTAL LONG TERM LIABS |
4,000 |
3,250 |
3,250 |
3,250 |
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Debts to group companies |
3,500 |
3,250 |
3,250 |
3,250 |
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Other Long Term Liabilities |
500 |
- |
- |
- |
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NET ASSETS/(LIABILITIES) |
-1,626 |
-246 |
-97 |
-227 |
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SHARE CAPITAL + RESERVES |
-5,626 |
-3,496 |
-3,347 |
-3,477 |
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Issued Share Capital |
1 |
501 |
501 |
501 |
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Profit and Loss account |
-5,627 |
-3,997 |
-3,848 |
-3,978 |
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SHAREHOLDERS FUNDS |
-5,626 |
-3,496 |
-3,347 |
-3,477 |
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CAPITAL EMPLOYED |
-1,626 |
-246 |
-97 |
-227 |
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TANGIBLE NET WORTH |
-5,666 |
-3,556 |
-3,427 |
-3,577 |
Key Credit Ratios
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Accounts Date |
31/12/2005 |
31/12/2004 |
31/12/2003 |
31/12/2002 |
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Current Ratio |
0.62 |
0.92 |
0.95 |
0.89 |
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Profit Before Tax |
-0.36 |
-0.02 |
0.02 |
-0.40 |
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Creditors Days (D.P.O) |
70.34 |
79.04 |
56.04 |
23.01 |
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Quick Ratio |
- |
- |
- |
- |
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Return on Assets |
-58.13 |
-3.82 |
2.86 |
-62.46 |
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T.N.W/Total Assets |
-1.99 |
-0.90 |
-0.74 |
-0.91 |
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Return on Capital |
100.25 |
60.57 |
-134.02 |
1051.98 |
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Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
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Equity Gearing |
-0.01 |
-0.01 |
-0.01 |
-0.01 |
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Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Summary
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Turnover |
Turnover decreased by more than 30% in the period. Turnover totaled
GBP 4,485,000 for the period. |
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Operating Loss |
Totaled GBP -1,349,000 In the period prior a profit of GBP
87,000 was achieved. |
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Pre Tax |
The subject made a loss of GBP 1,630,000 compared with a loss of
GBP 149,000 in the previous period. |
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Working Capital |
The company's working capital deficiency increased in the period and
now stands at GBP 1,682,000 |
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Tangible Net Worth |
Net worth reduced by 2,110,000 during the period and now stands at GBP
-5,666,000 |
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Fixed Assets |
The subjects fixed assets reduced during the period by GBP
23,000 to GBP 16,000 and are now 1% of total assets compared with
1% in the previous period |
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Long Term Liabilities |
The company's long term liabilities increased during the period by 22%
and are now -92% of net worth compared with -121% in the previous period |
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Long Term Liabilities |
Long term liabilities are now 184% of total assets compared with 108%
in the previous period |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)