MIRA
INFORM REPORT
|
Report Date : |
8th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
HILSON
LIMITED |
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Registered Office : |
Shentonfield
Road, Manchester, Lancashire, M22 4RW |
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Country : |
United
Kingdom |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
30.05.2001 |
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Com. Reg. No.: |
04224733 |
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|
Legal Form : |
Private
Limited |
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Line of Business : |
Manufacturers
of filter cages. |
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 |
|
Maximum Credit Limit : |
GBP 10,000 |
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|
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification Details
|
Subject
Reported on |
HILSON
LIMITED |
|
Address
|
SHENTONFIELD
ROAD, MANCHESTER, LANCASHIRE, M22 4RW. |
|
Telephone
|
0161
491 7800 |
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Web
Address |
www.hilson.co.uk |
Creditline Recommendations
|
|
GBP
100k-249k financial strength rating based on net worth plus net current
assets/liabilities |
|
Monthly
Credit Guide |
GBP 10,000 |
|
Risk
Category |
NORMAL RISK |
Official Company Data
|
Legal
Form |
Private
Limited |
|
Registration
Number |
04224733 |
|
VAT
Number |
GB775581782 |
|
Date
of Incorporation |
30/05/2001 |
|
Registered
Office |
SHENTONFIELD
ROAD, MANCHESTER, M22 4SD. |
|
History |
5/07/2006 : The
Registered Office address changed from HILSON HOUSE, SHENTONFIELD ROAD,
SHARSTON, MA. |
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|
24/06/2005 : The
Registered Office address changed from ACRE HOUSE, SHENTON FIELD ROAD,
SHARSTON, MAN. |
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11/10/2001 : The
Registered Office address changed from 11 WARWICK ROAD, OLD TRAFFORD,
MANCHESTER, M1. |
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26/07/2001 : Change of
name from HILSON MANUFACTURING LIMITED. |
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Date
of Last Annual Return to Registry |
30/05/2006 |
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Accounts
|
The
last filed accounts at Companies House are those to 30/09/2006 |
|
Accounting
Reference Date |
30/09 |
Operations
|
Activities |
Manufacturers
of filter cages. |
|
Nace
Code |
2873 |
|
Premises |
Owned,Offices |
|
Staff
Employed |
50 |
|
Import
Countries |
No
Import Activity |
|
Export
Countries |
ALL
OVER THE WORLD |
|
Auditors |
Quadro |
|
Branches |
ACRE HOUSE,
SHENTONFIELD RD, SHARSTON IND AREA MANCHESTER, LANCASHIRE, M22 4RW. |
Public Record Information
Summary of CCJ's/Scottish Decrees
No CCJs/Scottish Decrees are recorded in our
file.
Summary of Mortgages, Charges and
Satisfactions
|
Total
Number of Mortgages/Charges Registered |
3 |
|
Number
Outstanding |
3 |
|
Number
Partially Satisfied |
0 |
|
Number
Satisfied |
0 |
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|
|
|
Date
of Latest Mortgage Created |
17/10/2001 |
Details of most recent Mortgages,
Charges and Satisfactions
|
Date
Fully |
Date |
Date |
Charge |
Form
Type |
Lender |
|
|
20/10/2001 |
17/10/2001 |
Fixed
And Floating Charge |
395 |
The
Royal Bank Of Scotland Commercial Services Limited |
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|
10/10/2001 |
01/10/2001 |
Debenture |
395 |
Hilson
Wire Products Limited |
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|
10/10/2001 |
01/10/2001 |
Debenture |
395 |
National
Westminster Bank Plc |
It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.
Other Filings and Notices
|
Date |
Source |
Description |
|
06/10/2001 |
Companies
House Gazette |
Resolutions
or agreements to which section 380 applies (relating to shares, rights or
names) |
|
06/10/2001 |
Companies
House Gazette |
Alteration
in memorandum or articles of association |
|
26/07/2001 |
Companies
House Gazette |
Alteration
in memorandum or articles of association |
|
03/07/2001 |
Companies
House Gazette |
Change
among the directors of a company |
|
07/06/2001 |
Companies
House Gazette |
Change
among the directors of a company |
Company Secretary
|
Secretary |
SANDRA MISTRY |
|
Address |
37
CEDAR AVENUE, STALYBRIDGE, CHESHIRE, SK15 3GD. |
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Country
of Origin |
UNITED
KINGDOM |
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Date
of Birth |
26/01/1963 |
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Appointment
Date |
29/06/2001 |
Directors
|
Production
Director |
VASANT MISTRY |
|
Address |
37
CEDAR AVENUE, STALYBRIDGE, CHESHIRE, SK15 3GD. |
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Country
of Origin |
UNITED
KINGDOM |
|
Date
of Birth |
19/11/1956 |
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Appointment
Date |
29/06/2001 |
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Other
Directorships |
V.S.M.
PROJECTS LIMITED, CORPS SUPPLIES LTD |
Share Capital
|
Shares |
Ordinary
GBP 1.00 |
|
Issued
Number |
10,000 |
|
Shares |
Redeemable
Preference GBP 1.00 |
|
Issued
Number |
40,000 |
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Principal
Shareholder |
40,000 Vasant
Mistry |
|
|
10,000 Vasant
Mistry |
The above reflects the principle
shareholder(s) by number of shares held, irrespective of share classification
type.
Payment Analysis
( No Payment Analysis Data is Available )
To contribute sales ledger information to
Graydon. please contact the Specialist Product Division - mail@graydon.co.uk
Financial Data
Profit & Loss Accounts are not available
for companies categorised as small companies under the companies act.
Balance Sheet
|
The
following figures are shown in units of 1000 |
|
Number
of Weeks |
52 |
52 |
52 |
52 |
|
Accounts
Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
TOTAL
FIXED ASSETS |
193 |
178 |
170 |
190 |
|
Tangible
Assets |
193 |
178 |
170 |
190 |
|
TOTAL
CURRENT ASSETS |
1006 |
1064 |
836 |
687 |
|
Trade
debtors |
773 |
821 |
547 |
544 |
|
Stocks |
193 |
180 |
240 |
121 |
|
Other
Current Assets |
40 |
63 |
49 |
22 |
|
Misc
Current Assets |
|
25 |
|
|
|
Cash |
40 |
38 |
49 |
22 |
|
TOTAL
ASSETS |
1199 |
1242 |
1006 |
877 |
|
TOTAL
CURRENT LIABILITIES |
976 |
1018 |
754 |
605 |
|
Trade
creditors |
976 |
1018 |
501 |
420 |
|
Other
Liabilities |
|
|
253 |
185 |
|
WORKING
CAPITAL |
30 |
46 |
82 |
82 |
|
TOTAL
LONG TERM LIABS |
66 |
28 |
45 |
79 |
|
NET
ASSETS/(LIABILITIES) |
157 |
196 |
207 |
193 |
|
SHARE
CAPITAL + RESERVES |
157 |
196 |
207 |
193 |
|
Share
Cap + Sundry Res |
110 |
110 |
50 |
110 |
|
Profit
and Loss account |
47 |
86 |
157 |
83 |
|
SHAREHOLDERS
FUNDS |
157 |
196 |
207 |
193 |
|
CAPITAL
EMPLOYED |
223 |
224 |
252 |
272 |
Financial Comparison
The following figures are shown in units
of 1000
|
Number
of Weeks |
52 |
52 |
52 |
52 |
|
Accounts
Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
|
Currency
|
GBP |
GBP |
GBP |
GBP |
|
Liquid
Assets |
813 |
859 |
596 |
566 |
|
Net
Working Capital |
30 |
46 |
82 |
82 |
|
Other
Deferred Liabs |
66 |
28 |
45 |
79 |
|
Tangible
Net Worth(T.N.W) |
157 |
196 |
207 |
193 |
|
Equity |
157 |
196 |
207 |
193 |
|
Number
of Years Trading |
5 |
4 |
3 |
2 |
Key Credit Ratios
The following figures are shown as
Ratios or Percentages
|
Accounts
Date |
30/09/2006 |
30/09/2005 |
30/09/2004 |
30/09/2003 |
|
Current
Ratio |
1 |
1 |
1.1 |
1.1 |
|
Quick
Ratio |
0.8 |
0.9 |
0.8 |
0.9 |
|
T.N.W/Total
Assets% |
13.1 |
15.8 |
20.6 |
22 |
|
Equity
Gearing% |
15.1 |
18.7 |
25.9 |
28.2 |
Key Industry Sector Trends
|
Year
|
2006 |
2005 |
2004 |
2003 |
|
Sample
Size |
1746 |
4966 |
5090 |
4879 |
|
Pre-Tax
Profit Margin |
12 |
7.2 |
6.7 |
4.8 |
|
Current
Ratio |
1.7 |
1.6 |
1.5 |
1.5 |
|
Borrowing
Ratio |
47.2 |
39.8 |
36.2 |
39.1 |
|
Return
on Capital |
57.5 |
38 |
37.4 |
28.6 |
|
Creditors
Days |
38 |
51 |
47 |
58 |
Above figures relate to companies in
1992 Standard Industry Classification (Nace) sector : Manufacture of other
fabricated metal products
Financial Summary
Auditors Qualification
The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.
No Turnover
The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.
No Pre-Tax Profit
The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Shareholders Funds shown on the Balance Sheet is GBP 39,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 39,000.
Working Capital
The company's working capital, while remaining positive, decreased by 35 % in the period.
Net Worth
Net worth reduced by GBP 39,000 during the period and now stands at GBP 157,000.
Fixed Assets
The subject's fixed assets increased during the year by GBP 15,000 to GBP 193,000 and are now 16 % of total assets compared with 14 % in the previous year.
Long Term Liabilities
The company's long term liabilities increased during the period by 135% and are now 42 % of net worth compared with 14 % in the previous period.
Long Term Liabilities
Long term liabilities are now 6 % of total liabilities compared with 2 % in the previous period.
Long Term Liabilities
Long term liabilities are 30 % of capital employed, an increase of 17 % over the previous period.
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|