MIRA
INFORM REPORT
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Report Date : |
12.06.2007 |
IDENTIFICATION DETAILS
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Name : |
CAMERA DYNAMICS LIMITED |
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Registered Office : |
Western Way, Bury St Edmunds, |
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Country : |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
11/07/1983 |
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Com. Reg. No.: |
01738425 |
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Legal Form : |
Private Limited |
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Line of Business : |
The design, manufacture
and sale of television camera mounting equipment. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification Details
Subject Reported
on CAMERA DYNAMICS
LIMITED
Address
Telephone 01284752121
Web Address www.vinten.com
Creditline Recommendations
Monthly Credit
Guide GBP 135,000
Risk Category LOW RISK
Official Company Data
Legal Form Private Limited
Registration
Number 01738425
VAT Number GB289503622
Date of
Incorporation 11/07/1983
Registered Office WESTERN WAY, BURY ST EDMUNDS,
History 29/12/2006 : Change of name from VINTEN
BROADCAST LIMITED.
1/08/1988 : Change of name from VINTEN
COMPUTERS LIMITED.
Date of Last
Annual
Return to
Registry 07/06/2006
Accounts The last filed accounts at Companies House
are those to 31/12/2005
Accounting
Reference Date 31/12
Operations
Activities The design,
manufacture and sale of television camera mounting equipment.
Nace Code 3220
Premises Owned, Offices,
Factory
Staff Employed 218
Product Names VINTEN
Import Countries
Export Countries ALL OVER THE WORLD
Bankers MIDLAND BANK PLC
Address
Sort Code 401522
Auditors KPMG Audit PLC
Branches WESTERN WAY, BURY ST. EDMUNDS,
Associated Companies ELECTRO OPTICS LTD
MILLITARY SYSTEMS LTD
Subsidiaries RADAMEC BROADCAST SYSTEMS LIMITED
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 5
Number Outstanding
1
Number Partially
Satisfied 0
Number Satisfied 4
Date of Latest
Mortgage Created 02/04/1993
Date of Latest
Satisfaction 05/11/1993
Details of most
recent Mortgages,
Charges and
Satisfactions
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Date Fully Satisfied |
Date |
Date |
Charge |
Form Type |
Lender |
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04/11/1993 |
06/04/1993 |
02/04/1993 |
Charge |
N/A |
Midland Bank Plc |
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01/08/1989 |
26/07/1989 |
Fixed And Floating Charge |
N/A |
Midland Bank Plc |
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04/11/1993 |
04/09/1986 |
29/08/1986 |
Fixed And Floating Charge |
N/A |
Midland Bank Plc |
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05/11/1993 |
07/04/1993 |
02/04/1993 |
Charge |
N/A |
Midland Bank Plc |
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05/11/1993 |
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29/08/1986 |
Charge |
N/A |
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It should be noted that there is no legal requirement to file satisfaction
details of mortgages/charges at Companies House.
Other Filings and
Notices
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Date |
Source |
Description |
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07/04/2007 |
Companies House Gazette |
Resolutions which give, vary, revoke or renew an authority for the
purposes of section 80 |
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07/04/2007 |
Companies House Gazette |
Alteration in memorandum or articles of
association |
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22/03/2007 |
Companies House Gazette |
Change among the directors of a company |
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06/10/2006 |
Companies House Gazette |
Change among the directors of a company |
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14/12/2005 |
Companies House Gazette |
Resolutions which give, vary, revoke or
renew an authority for the purposes of section 80 |
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14/12/2005 |
Companies House Gazette |
Alteration in memorandum or articles of association |
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07/12/2005 |
Companies House Gazette |
Change among the directors of a company |
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16/11/2005 |
Companies House Gazette |
Change among the directors of a company |
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17/07/2004 |
Companies House Gazette |
Change among the directors of a company |
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03/09/2002 |
Companies House Gazette |
Change among the directors of a company |
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14/06/2002 |
Companies House Gazette |
Change among the directors of a company |
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29/05/2002 |
Companies House Gazette |
Change among the directors of a company |
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16/05/2002 |
Companies House Gazette |
Change among the directors of a company |
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02/05/2002 |
Companies House Gazette |
Change among the directors of a company |
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24/04/2002 |
Companies House Gazette |
Change among the directors of a company |
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14/02/2002 |
Companies House Gazette |
Change among the directors of a company |
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14/09/2001 |
Companies House Gazette |
Change among the directors of a company |
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25/07/2001 |
Companies House Gazette |
Change among the directors of a company |
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03/11/2000 |
Companies House Gazette |
Change among the directors of a company |
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04/07/2000 |
Companies House Gazette |
Change among the directors of a company |
Company Secretary
Secretary JAYNE SARAH MILTON
Address 10
THE ASHTREES,
6BE.
Country of Origin UNITED KINGDOM
Date of Birth 17/08/1970
Appointment Date 30/01/2007
Directors
Chief Executive JOHANNES JANSSEN
Address THE
GRANGE, 2 MILL ROAD HARSTON,
5NF.
Country of Origin
Date of Birth 11/03/1960
Appointment Date 07/11/2005
Other Directorships RADAMEC BROADCAST SYSTEMS LIMITED, VITEC GROUP COMMUNICATIONS
LIMITED, ALC BROADCAST LIMITED
Director RICHARD LINDSAY
Address ASH
HOUSE,
Country of Origin UNITED KINGDOM
Date of Birth 17/05/1950
Appointment Date 01/11/2000
Other Directorships MOTOMETRIX LIMITED
Financial Director ALASTAIR HEWGILL
Address
Country of Origin UNITED KINGDOM
Date of Birth 13/09/1954
Appointment Date 14/05/2002
Other Directorships VITEC HOLDINGS LIMITED, SIG DAVALL LIMITED, THE VITEC GROUP
PLC., RADAMEC BROADCAST SYSTEMS LIMITED, VINTEN ELECTRO-OPTICS
LIMITED, VINTEN ANALYTICAL SYSTEMS LIMITED, VINTEN PROPERTIES
LIMITED, VINTEN INSTRUMENTS LIMITED, VINTEN BROADCAST LIMITED, KATA
UK LIMITED, BROADCAST DEVELOPMENTS LIMITED, AUTOSCRIPT
LIMITED, TOMCAT
(
LIMITED, VITEC INVESTMENTS LIMITED, BRILLIANT STAGES LIMITED, VITEC
GROUP
HOLDINGS LIMITED, VITEC UK INVESTMENTS LIMITED, VITEC
FINANCE
LIMITED, WHEATFIELD
DOLLAR FINANCE
Share Capital
Shares Ordinary GBP 1.00
Issued Number 10,000,000
Principal
Shareholder 9,999,999 Vitec Group PLC
1 Vinten Properties Ltd
The above
reflects the principle shareholder(s) by number of shares held, irrespective of
share classification type.
Holding Company THE VITEC GROUP PLC.
Ultimate Parent THE VITEC GROUP PLC.
Payment Analysis
(No Payment Analysis
Data is Available)
Financial Data
Profit and Loss
The following
figures are shown in units of 1000
Number of Weeks 52 52 52 52
Accounts Date 31/12/2005 31/12/2004 31/12/2003 31/12/2002
Currency GBP GBP GBP GBP
SALES 28953 27446 22235 17874
Cost of goods sold 20498 20872 15808 12371
GROSS PROFIT 8455 6574 6427 5503
Wages and Salaries 7190 6645 5931 4346
Directors
Emoluments 212 171 171 149
Auditors Fees 45 31 27 26
Trading Profit 2487 2706 1794 3315
Depreciation 1254 1072 1050 952
OPERATING PROFIT 1233 1634 744 2363
Non Trading Income 356 400 43
Interest Payable 2179 2235 1546
PRE TAX PROFIT 1589 (145) (1491) 860
Taxation 585 (1002) (210) (231)
PROFIT AFTER TAX 1004 857 (1281) 1091
RETAINED PROFITS 1004 857 (1281) 1091
Balance Sheet
The following
figures are shown in units of 1000
Number of Weeks 52 52 52 52
Accounts Date 31/12/2005 31/12/2004 31/12/2003 31/12/2002
Currency GBP GBP GBP GBP
TOTAL FIXED ASSETS 9641 10335 10299 5321
Tangible Assets 9641 10335 10299 5321
Fixed Assets 5822 5506 5470 4877
Intermediate
assets 3819 4829 4829 444
TOTAL CURRENT
ASSETS 13482 14288 44691 44536
Trade debtors 2796 1791 1813 1987
Stocks 5255 5763 6893 3044
Other Current
Assets 5431 6734 35985 39505
Misc Current
Assets 319 1378 421 295
Due From Group 4369 5353 34680 32243
Cash 743 3 884 6967
TOTAL ASSETS 23123 24623 54990 49857
TOTAL CURRENT
LIABILITIES 10757 21031 52018 45407
Trade creditors 2298 2690 3300 1589
Short Term Loans 6306 17184 45672 41122
Bank Overdraft 4202 16861
Due To Group 2104 323 45672 41122
Other Liabilities 2153 1157 3046 2696
WORKING CAPITAL 2725 (6743) (7327) (871)
TOTAL LONG TERM
LIABS 3134 5844 65 262
Other Liabilities 3134 5844 65 262
NET
ASSETS/(LIABILITIES) 9232 (2252) 2907 4188
SHARE CAPITAL +
RESERVES 9232 (2252) 2907 4188
Share Cap + Sundry
Res 10000 20 20 20
Issued Share
Capital 10000 20 20 20
Profit and Loss
account (768) (2272) 2887 4168
SHAREHOLDERS FUNDS 9232 (2252) 2907 4188
CAPITAL EMPLOYED 12366 3592 2972 4450
Financial
Comparison
The following
figures are shown in units of 1000
Number of Weeks 52 52 52 52
Accounts Date 31/12/2005 31/12/2004 31/12/2003 31/12/2002
Currency GBP GBP GBP GBP
Directors
Remuneration 212 171 171 149
Auditors
Remuneration 45 31 27 26
Liquid Assets 3539 1794 2697 8954
Net Working
Capital 2725 (6743) (7327) (871)
Other Deferred
Liabs 3134 5844 65 262
Tangible Net
Worth(T.N.W) 9232 (2252) 2907 4188
Equity 9232 (2252) 2907 4188
Number of Years
Trading 22 21 20 19
Number of
Employees 218 212 198 159
Profit per
Employee 7289 (684) (7530.3) 5408.8
Sales per Employee 132811.9 129462.3 112298 112415.1
Key Credit Ratios
The following
figures are shown as Ratios or Percentages
Accounts Date 31/12/2005 31/12/2004 31/12/2003 31/12/2002
Current Ratio 1.3 0.7 0.9 1
Pre Tax Profit
Margin% 5.5 (0.5) (6.7) 4.8
Gross Profit% 29.2 24 28.9 30.8
Debtors Days
(D.S.O) 35 24 30 41
Creditors Days
(D.P.O) 29 36 54 32
Quick Ratio 0.8 0.4 0.7 0.9
W.I.P/Inventory
Days 93.6 100.8 159.2 89.8
Return on
Investment% 8.5 9.8 1.5 5.3
Return on Assets% 6.9 (0.6) (2.7) 1.7
T.N.W/Total
Assets% 39.9 (9.1) 5.3 8.4
Return on Capital% 12.8 (4) (50.2) 19.3
Rtn on
Shareholders Funds% 17.2 (51.3) 20.5
Working
Capital/Sales% 9.4 (24.6) (33) (4.9)
Borrowing Ratio% 68.3 (763.1) 1571.1 981.9
Equity Gearing% 66.5 (8.4) 5.6 9.2
Stock Turnover 5.5 4.8 3.2 5.9
Days Purchases
Outstanding 40.9 47 76.2 46.9
Key Industry Sector
Trends
Year 2006 2005 2004 2003
Sample Size 218 389 404 420
Pre-Tax Profit
Margin (8.6) 1.7 0.7 (5.2)
Current Ratio 2 1.7 1.7 1.7
Borrowing Ratio 56.5 38.4 18.5 1.4
Return on Capital 26.7 26.8 41.2 15.9
Creditors Days 44 41 51 64
Above figures
relate to companies in 1992 Standard Industry Classification (Nace) sector :
Manufacture of television and radio transmitters and apparatus for line telephony
and line.
Financial Summary
Auditors Qualification
The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/12/2005.
Turnover
The subjects turnover has increased by 5 % in the year.
Operating Profit
Totalled GBP 1,233,000. In the year prior a Profit of GBP 1,634,000 was achieved.
Pre Tax Profit
The subject made a profit of GBP 1,589,000 in the period compared with a loss in the previous period of GBP 145,000.
Pre Tax Profit
The company's pre-tax profit is 5 % of sales compared with a pre-tax loss of 1% in the previous period and was 12% of capital employed.
Working Capital
The subject has turned a deficient working capital of GBP 6,743,000 to surplus of GBP 2,725,000.
Net Worth
The company's net worth has moved from a deficiency of GBP 2,252,000 to a positive position of GBP 9,232,000.
Fixed Assets
The subject's fixed assets reduced during the year by GBP 694,000 to GBP 9,641,000 and are now 41 % of total assets compared with 41 % in the previous year.
Long Term Liabilities
The company's long term liabilities reduced during the period by 46 % and are now 34 % of net worth compared with 260 % in the previous period.
Long Term Liabilities
Long term liabilities are now 14 % of total liabilities compared with 24 % in the previous period.
Long Term Liabilities
Long term liabilities are 25 % of capital employed, a decrease of 138 % over 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/normal. |
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%)