MIRA
INFORM REPORT
|
Report Date : |
16.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
ROLLS-ROYCE MOTOR CARS LIMITED |
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Registered Office : |
Ellesfield Ave, Bracknell, Berkshire RG12 8TA |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
05/03/1998 |
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Com. Reg. No.: |
03522604 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Manufacturers of luxury motor vehicles. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
ROLLS-ROYCE MOTOR CARS LIMITED |
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Holding Company |
APD INDUSTRIES PLC |
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Ultimate Holding Company |
Bayerische Motoren Werke AG |
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Trading Address |
Stane St, Goodwood,CHICHESTER,PO18 0SH |
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Telephone |
01243-384000 |
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Low Risk - There is a high degree of confidence this
company will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 4,585,900 |
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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 44,904,200 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
Official Company Data
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|
Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
03522604 |
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Date of Incorporation |
05/03/1998 |
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Registered Office |
Ellesfield Ave, Bracknell, Berkshire RG12 8TA |
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Date of Last Annual Return to Registry |
05/03/2007 |
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Activities |
Manufacturers of luxury motor vehicles |
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Accounts |
The last filed accounts cover the period to 31/12/2006 and
were filed on 29/06/2007 |
Recently Filed Documents
Details of the most recent documents
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Date
Received |
Description |
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05/03/2007 |
Annual Return |
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31/12/2006 |
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 |
DIRECTOR |
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Address |
33, GODFREY STREET , LONDON , SW3 3SX |
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Date of Birth |
16/06/1932 |
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Appointment Date |
08/04/2003 |
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Other Appointments |
MARSHALL OF CAMBRIDGE (HOLDINGS) LIMITED, BROOKLANDS
MUSEUM TRUST LIMITED, THE HAKLUYT INTERNATIONAL ADVISORY
BOARD, ROLLS-ROYCE MOTOR CARS LIMITED |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
78, ST AGNES PLACE MACELLUM GATE , CHICHESTER
, WEST SUSSEX , PO19 7TU |
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Country of Origin |
BRITISH |
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Date of Birth |
05/06/1958 |
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Appointment Date |
04/02/2005 |
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Other Appointments |
ROLLS-ROYCE MOTOR CARS LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR FINANCE |
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Address |
HOLBEINSTR 21 , MUNICH , GERMANY , |
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Country of Origin |
GERMAN |
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Date of Birth |
23/11/1970 |
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Appointment Date |
01/10/2005 |
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Other Appointments |
ROLLS-ROYCE MOTOR CARS LIMITED |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
GOODWOOD HOUSE , GOODWOOD , CHICHESTER
, WEST SUSSEX , PO18 0PY |
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Country of Origin |
BRITISH |
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Date of Birth |
08/01/1955 |
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Appointment Date |
01/10/2005 |
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Other Appointments |
ROLLS-ROYCE MOTOR CARS LIMITED |
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SECRETARY |
MS GILLIAN WOOLLEY |
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Address |
CHAPELDENE, SHOP LANE, LECKHAMPSTEAD , NEWBURY
, BERKSHIRE , RG20 8QY |
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Country of Origin |
BRITISH |
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Date of Birth |
10/04/1961 |
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Appointment Date |
24/09/2002 |
Recently Resigned Directors (last
3)
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DIRECTOR |
STEFAN GEORG KRAUSE |
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Occupation |
COMPANY DIRECTOR |
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Address |
UNDE BERNASSWEG 3A , GERMANY , - - |
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Country of Origin |
GERMAN |
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Date of Birth |
17/11/1962 |
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Resignation Date |
03/02/2005 |
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DIRECTOR |
KARL-HEINZ KALBFELL |
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Occupation |
DIRECTOR PROJECT ROLLS ROYCE |
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Address |
KLUGSTRASSE 33 , GERMANY , - - |
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Country of Origin |
GERMAN |
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Date of Birth |
29/12/1949 |
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Resignation Date |
01/11/2004 |
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DIRECTOR |
ANTHONY DAVID GOTT |
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Occupation |
CEO |
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Address |
23 , PARK ROAD , NANTWICH , CHESHIRE
, - - |
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Country of Origin |
BRITISH |
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Date of Birth |
13/02/1956 |
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Resignation Date |
26/05/2004 |
Share Summary
|
Share information is not held for this company. |
Mortgages and Charges
|
There are no mortgages |
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Public Record Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
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Activities |
Manufacturers of luxury motor vehicles |
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Sic Code |
Description |
|
3410 |
Manufacture of motor vehicles |
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Staff Employed |
443 |
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Auditors |
KPMG LLP |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
|
SALES |
118,807 |
105,331 |
134,786 |
92,416 |
|
Other operating income |
2,546 |
15,470 |
17,309 |
12,781 |
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Cost of goods sold |
95,177 |
76,058 |
95,874 |
52,061 |
|
GROSS PROFIT |
23,630 |
29,273 |
38,912 |
40,355 |
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General administration costs (-) |
17,224 |
36,463 |
47,747 |
41,656 |
|
Wages and Salaries |
22,348 |
20,635 |
21,022 |
17,157 |
|
Depreciation |
8,565 |
8,533 |
11,430 |
9,437 |
|
Other operating charges |
2,375 |
1,174 |
- |
71 |
|
Net Operating Profit(Loss) |
6,577 |
7,106 |
8,474 |
11,409 |
|
Non Trading Income |
925 |
58 |
7 |
3 |
|
Total Non Trading Income |
925 |
187 |
104 |
127 |
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Interest expenses & similar (-) |
2,443 |
2,202 |
2,118 |
1,731 |
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Other financial charges |
12 |
258 |
897 |
2,879 |
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Financial Expenses |
2,455 |
2,460 |
3,015 |
4,610 |
|
PRE TAX PROFIT |
5,047 |
4,833 |
5,563 |
6,926 |
|
Other Taxation |
-235 |
279 |
469 |
163 |
|
Taxation |
1,996 |
2,103 |
2,639 |
0 |
|
PROFIT AFTER TAX |
3,286 |
2,451 |
2,455 |
6,763 |
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Net Profit |
3,286 |
2,451 |
2,455 |
6,763 |
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Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
3,286 |
2,451 |
2,455 |
6,763 |
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Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
106,381 |
122,151 |
128,076 |
134,927 |
|
Land & buildings |
60,849 |
73,459 |
76,730 |
79,658 |
|
Plant, machinery & equipment |
9,887 |
13,017 |
15,664 |
16,631 |
|
Intangible Assets |
35,645 |
35,675 |
35,682 |
38,638 |
|
TOTAL CURRENT ASSETS |
66,383 |
47,794 |
28,482 |
41,789 |
|
Stocks |
12,391 |
11,131 |
9,734 |
12,792 |
|
Trade Debtors |
4,125 |
7,122 |
4,664 |
6,770 |
|
Prepaid expenses |
10,412 |
689 |
981 |
1,256 |
|
Group Loans |
22,450 |
14,342 |
11,635 |
19,291 |
|
Cash |
2,089 |
13,558 |
561 |
1,357 |
|
Tax Recoverable |
1,302 |
- |
- |
- |
|
own shares |
13,614 |
- |
- |
- |
|
TOTAL ASSETS |
172,764 |
169,945 |
156,558 |
176,716 |
|
TOTAL CURRENT LIABILITIES |
32,909 |
33,153 |
22,496 |
45,578 |
|
Trade Creditors |
10,389 |
11,435 |
9,517 |
5,136 |
|
Bank Overdraft |
319 |
4 |
809 |
12,941 |
|
Taxes |
2,505 |
5,002 |
5,277 |
4,532 |
|
Due From Group |
15,238 |
16,093 |
5,793 |
13,810 |
|
Accruals & deferred income |
4,458 |
580 |
1,040 |
8,260 |
|
WORKING CAPITAL |
33,474 |
14,641 |
5,986 |
-3,789 |
|
TOTAL LONG TERM LIABS |
46,476 |
46,711 |
46,432 |
45,963 |
|
Taxation |
676 |
911 |
632 |
163 |
|
Other Long Term Liabilities |
45,800 |
45,800 |
45,800 |
- |
|
NET ASSETS/(LIABILITIES) |
139,855 |
136,792 |
134,062 |
131,138 |
|
SHARE CAPITAL + RESERVES |
93,379 |
90,081 |
87,630 |
85,175 |
|
Issued Share Capital |
41,500 |
41,500 |
41,500 |
41,500 |
|
Share Premium Accounts |
40,000 |
40,000 |
40,000 |
40,000 |
|
Profit and Loss account |
11,879 |
8,581 |
6,130 |
3,675 |
|
SHAREHOLDERS FUNDS |
93,379 |
90,081 |
87,630 |
85,175 |
|
CAPITAL EMPLOYED |
139,855 |
136,792 |
134,062 |
131,138 |
|
TANGIBLE NET WORTH |
57,734 |
54,406 |
51,948 |
46,537 |
Key Credit Ratios
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Current Ratio |
2.02 |
1.44 |
1.27 |
0.92 |
|
Profit Before Tax |
0.04 |
0.05 |
0.04 |
0.07 |
|
Creditors Days (D.P.O) |
39.84 |
54.88 |
36.23 |
36.01 |
|
Quick Ratio |
1.64 |
1.11 |
0.83 |
0.64 |
|
Return on Assets |
3.68 |
3.60 |
4.60 |
5.02 |
|
T.N.W/Total Assets |
0.33 |
0.32 |
0.33 |
0.26 |
|
Return on Capital |
3.61 |
3.53 |
4.15 |
5.28 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.01 |
0.01 |
0.01 |
2.86 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Summary
|
Turnover |
Turnover increased by more than 13% in the period.
Turnover totaled GBP 118,807,000 for the period. |
|
Operating Profit |
Totaled GBP 6,577,000 In the period prior a profit
of GBP 7,106,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 5,047,000 compared
with a profit of GBP 4,833,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by
129% |
|
Tangible Net Worth |
Net worth increased by 3,328,000 during the period and now
stands at GBP 57,734,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
15,740,000 to GBP 70,736,000 and are now 41% of total assets
compared with 51% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the period
by 8% and are now 88% of net worth compared with 87% in the previous period |
|
Long Term Liabilities |
Long term liabilities are now 29% of total assets compared
with 28% in 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. |
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 |
|
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%)