MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
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Name : |
PEARSON PANKE LIMITED |
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Registered Office : |
1-3 |
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Country : |
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Financials (as on) : |
30.09.2005 |
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Date of Incorporation : |
23/12/1981 |
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Com. Reg. No.: |
01605589 |
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Legal Form : |
Private Limited |
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Line of Business : |
Import, export,
design, manufacture and distribution of machine tools and spares. |
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 PEARSON PANKE
LIMITED
Address 1-3
Telephone 02089593232
Facsimile 02089595613
Creditline Recommendations
Monthly Credit
Guide GBP 34,000
Risk Category LOW RISK
Official Company Data
Legal Form Private Limited
Registration
Number 01605589
VAT Number GB586941193
Date of
Incorporation 23/12/1981
Registered Office 1-3
Date of Last
Annual
Return to Registry
09/03/2007
Registered
Objectives TO CARRY ON
BUSINESS AS DEALERS IN MACHINES AND OTHER TOOLS
Accounts The last filed
accounts at Companies House are those to 30/09/2005
Accounting
Reference
Date 30/09
Operations
Activities Importers The
import, export, design, manufacture and distribution of machine tools
and
spares.
Nace Code 5114
Premises Owned,Shop,Factory,Warehouse
Staff Employed 10
Import Countries
Export Countries
Bankers BARCLAYS BANK PLC.
Address
Sort Code 207174
Auditors Nicholas Cliffe
& Co Ltd
Branches 1-3
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 2
Number Outstanding
1
Number Partially
Satisfied 0
Number Satisfied 1
Date of Latest
Mortgage Created 21/08/1996
Details of most
recent Mortgages,
Charges and
Satisfactions
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Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
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03/09/1996 |
21/08/1996 |
Deed Of Charge Over Credit Balances |
395 |
Barclays Bank Plc |
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04/05/1982 |
29/04/1982 |
Letter Of Charge |
N/A |
Swiss Bank Corporation |
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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08/05/2003 |
Companies House Gazette |
Change among the directors of a company |
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19/05/2001 |
Companies House Gazette |
Change among the directors of a company |
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12/05/1994 |
Companies House Gazette |
Change among the directors of a company |
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18/02/1988 |
Companies House Gazette |
Documents delivered by a company under section
241 (annual accounts) |
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09/09/1986 |
Companies House Gazette |
Change among the directors of a company |
Company Secretary
Secretary PATRICIA
BARBARA KANTER
Address
Country of Origin UNITED KINGDOM
Date of Birth 06/12/1942
Appointment Date 20/05/1991
Other
Directorships PEARSPANKE GROUP
LIMITED(THE), PEARSON PANKE EQUIPMENT
LIMITED, PEARSPANKE
FINANCE LIMITED
Directors
Director JOHN
ROCHESTER KNIGHT
Address 3 THE BRACKENS,
Country of Origin UNITED KINGDOM
Date of Birth 06/10/1942
Appointment Date 06/04/1994
Director MR ERNST
EDUARD MICHAELIS
Address
Country of Origin UNITED KINGDOM
Date of Birth 22/10/1926
Appointment Date 20/05/1991
Other
Directorships PEARSPANKE GROUP
LIMITED(THE), PEARSON PANKE EQUIPMENT
LIMITED, PEARSPANKE
FINANCE LIMITED
Director MR STEPHEN
GERALD PANKE
Address
Country of Origin UNITED KINGDOM
Date of Birth 12/09/1947
Appointment Date 20/05/1991
Other
Directorships THE MANUFACTURING
TECHNOLOGIES ASSOCIATION, PEARSPANKE
GROUP
LIMITED(THE), PEARSON PANKE EQUIPMENT LIMITED,
PEARSPANKE
FINANCE LIMITED
Director PATRICIA
BARBARA KANTER
Address
Country of Origin UNITED KINGDOM
Date of Birth 06/12/1942
Appointment Date 20/05/1991
Other
Directorships PEARSPANKE GROUP
LIMITED(THE), PEARSON PANKE EQUIPMENT
LIMITED, PEARSPANKE
FINANCE LIMITED
Director MR RALPH
THOMAS KANTER
Address
Country of Origin UNITED KINGDOM
Date of Birth 24/10/1937
Appointment Date 20/05/1991
Other
Directorships PEARSPANKE GROUP
LIMITED(THE), MICROGEN PLC, THE CRIME
CONCERN
TRUST LIMITED, STANMORE IMPLANTS WORLDWIDE
LIMITED, NEWCHURCH
LIMITED, PARKEXCHANGE LIMITED, CARDSAVE
HOLDINGS
LIMITED, CARDSAVE EBT LIMITED, BANANA ON A BIKE LIMITED
Share Capital
Shares Ordinary GBP 1.00
Issued Number 1,000
Principal
Shareholder 999 Pearspanke
Group Ltd
1 Stephen
Gerald Panke
1 Pearspanke
Group Ltd
The above reflects
the principle shareholder(s) by number of shares held, irrespective of share
classification type.
Holding Company
PEARSPANKE GROUP
LIMITED(THE)
Payment Analysis
(No Payment
Analysis Data is Available)
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 30/09/2005 30/09/2004 30/09/2003 30/09/2002
Currency GBP GBP GBP GBP
TOTAL FIXED ASSETS 20 5 6 7
Tangible Assets 20 5 6 7
TOTAL CURRENT
ASSETS 1324 1208 1584 1117
Trade debtors 1000 927 1378 1031
Stocks 35 57
Other Current Assets 324 246 206 29
Cash 324 246 206 29
TOTAL ASSETS 1344 1213 1590 1124
TOTAL CURRENT
LIABILITIES 1202 1129 1563 998
Trade creditors 1202 1129 1563 998
WORKING CAPITAL 122 79 21 119
NET
ASSETS/(LIABILITIES) 142 84 27 126
SHARE CAPITAL +
RESERVES 142 84 27 126
Share Cap + Sundry
Res 1 1 1 1
Profit and Loss
account 141 83 26 125
SHAREHOLDERS FUNDS 142 84 27 126
CAPITAL EMPLOYED 142 84 27 126
Financial
Comparison
The following
figures are shown in units of 1000
Number of Weeks 52 52 52 52
Accounts Date 30/09/2005 30/09/2004 30/09/2003 30/09/2002
Currency GBP GBP GBP GBP
Liquid Assets 1324 1173 1584 1060
Net Working
Capital 122 79 21 119
Tangible Net
Worth(T.N.W) 142 84 27 126
Equity 142 84 27 126
Number of Years
Trading 24 23 22 21
Key Credit Ratios
The following
figures are shown as Ratios or Percentages
Accounts Date 30/09/2005 30/09/2004 30/09/2003 30/09/2002
Current Ratio 1.1 1.1 1 1.1
Quick Ratio 1.1 1 1 1.1
T.N.W/Total
Assets% 10.6 6.9 1.7 11.2
Equity Gearing% 11.8 7.4 1.7 12.6
Key Industry Sector
Trends
Year 2007 2006 2005 2004
Sample Size 81 7663 12678 12367
Pre-Tax Profit
Margin 10.6 11.6 9.3 8.7
Current Ratio 1.8 1.6 1.5 1.5
Borrowing Ratio (68.3) 66.1 70 62.3
Return on Capital 10.1 69 62.3 62.7
Creditors Days 124 223 320 141
Above figures
relate to companies in 1992 Standard Industry Classification (Nace) sector :
Wholesale on a fee or contract basis
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 58,000 increase. This suggests that the Company may have made a post-tax profit of GBP 58,000.
Working Capital
The company's working capital has increased by 54 % in the 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%)