MIRA INFORM REPORT

 

 

 

Report Date :

08.10.2008

 

IDENTIFICATION DETAILS

 

Name :

CHRIST-KENNICOTT WATER TECHNOLOGY LIMITED

 

 

Formerly Known as :

KENNICOTT WATER SYSTEMS LIMITED

 

 

Registered Office :

Kennicott House Well Lane, Wednesfield, Wolverhampton WV11 1XR       

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

19.09.1997

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

 The Design, Engineering, Supply, Installation, Commissioning and Service of Water Treatment Plants. Commissioning and service of Water Treatment Plants.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

[£] 5,000                      

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

Name of the company

 

CHRIST-KENNICOTT WATER TECHNOLOGY LIMITED

Number 03437229

 

 

company summary

 

Address                                                           KENNICOTT HOUSE WELL LANE,
WEDNESFIELD,
WOLVERHAMPTON

                                                                       WV11 1XR  

Postcode                                                         WV11 1XR

Phone                                                              01902721212                                                 

Type                                                                Private limited with Share Capital                      

Company Status                                               Active - Accounts Filed                                    

 Incorporated Date                                             19/09/1997    

 

 

Todays Limit [£]                                             5,000                                        

 

Active CCJ's                                                   0                                                             

Value of CCJ's [£]                                           £0                                                             

Number Of Writs                                             0                                                             

 

Current Directors                                            3                                                          

Total Directorships                                          4                                                          

 

 

Trading to Date                                31/12/06                     31/12/05                  31/12/04

Turnover                                          £11,868,889                £8,618,895              £3,818,577

Shareholder Funds                           £476,786                    £391,708                 £-447,228

Employees                                      62                              48                           42

 

 

Trends                                                                             

Profitability                                                                    

Liquidity                                                                        

Shareholders Funds                                                       

 

 

company information

 

                                                                          Registered Address               

Telephone Number                                               01902721212  

                                            TPS                        N                                           

                                                                          Address           

KENNICOTT HOUSE WELL LANE
WEDNESFIELD
WOLVERHAMPTON
WV11 1XR

 

Trading Address

Telephone Number         01902 867316

TPS

Address

Kennicott House Well Lane
Wednesfield
Wolverhampton
WV11 1XR

                                                                                                                       

 

 

 

                              Web Address                                      kennicott.co.uk                  Incorporation Date  19/09/1997

                              Type of Accounts                                 Full Accounts                    Filing Date of Accounts      09/11/2007

                              Company Type                                    Private Limited With Share Capital       Date of Latest Accounts 31/12/2006

                              Annual Return                                     19/09/2007                           

 

 

 

            Previous Name(s)

                           Changed:                 27/02/2002          Kennicott Water Systems Limited

                                                           

 

 

 

            Industry:

                                                                                                                                                   The Design, Engineering, Supply, Installation, Commissioning And Service Of Water Treatment Plants. Commissioning And Service Of Water Treatment Plants.                                                                                                                                                             

                                                                                                                                                                                   

 

 

 

                                           SIC Code   Description

                                           7487          Other Business Activities

                                               

 

 

 

            Mortgage Charges

                                                                             Outstanding                                             0   Satisfied            0

                                                                                                                                               

 

 

 

            Shareholders

                                                         Share Capital                2500000                         Currency Gbp

                                                                                                                                 

 

Previous Names Details

 

 

            Previous Name(s)

                             Changed :               27/02/2002         Kennicott Water Systems Limited

                             Changed :               14/01/1998         Bwt Uk (1) Limited

                             Changed :               18/12/1997         Ingleby (1028) Limited

 

 

 

Secondary Industry Code Details

 

 

                                           SIC Code   Description

                                           7487          Other Business Activities

 

 

Shareholders Details

           

 

                                                                         Name  Shares

                                                                         Christ Water Technology Ag       2,500,000 Ordinary Gbp 1.00

 

 

Trading Address Details                 

 

 

Address                                                                                                                  Telephone Number   TCPS

 

KENNICOTT HOUSE WELL LA WOLVERHAMPTON WEST MIDLANDS WV11 1XR           01902867316     N

 

KENNICOTT HOUSE WELL LA WOLVERHAMPTON WEST MIDLANDS WV11 1XR           01902721212     N

 

Kennicott House Well Lane Wednesfield Wolverhampton WV11 1XR

 

 

accounts

 

PROFIT & LOSS

 

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

11,868,889

37.7 %

8,618,895

125.7 %

3,818,577

 

Export

2,973,954

-38.0 %

4,799,781

66.7 %

2,880,020

 

Cost of Sales

9,214,865

33.3 %

6,913,807

159.2 %

2,667,017

 

Gross Profit

2,654,024

55.7 %

1,705,088

48.1 %

1,151,560

 

Wages & Salaries

2,446,436

54.3 %

1,585,368

-4.6 %

1,661,540

 

Directors Emoluments

145,470

15.6 %

125,883

27.1 %

99,064

 

Operating Profits

268,610

47.1 %

182,589

118.4 %

-994,076

 

Depreciation

119,167

10.3 %

108,030

-15.2 %

127,379

 

Audit Fees

22,000

25.7 %

17,500

12.9 %

15,500

 

Interest Payments

183,532

-34.9 %

281,992

0.5 %

280,699

 

Pre Tax Profit

85,078

-38.8 %

138,936

111.5 %

-1,210,968

 

Taxation

-

-

-

-

-

 

Profit After Tax

85,078

-38.8 %

138,936

111.5 %

-1,210,968

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

85,078

-38.8 %

138,936

111.5 %

-1,210,968

 

 

 

 

 

 

 

 

 

 

BALANCE SHEET

 

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Tangible Assets

1,662,126

569.6 %

248,215

-74.4 %

967,834

 

Intangible Assets

344,657

-14.2 %

401,807

-12.5 %

458,957

 

Total Fix Assets

2,006,783

208.7 %

650,022

-54.4 %

1,426,791

 

Total Current Assets

6,538,178

7.3 %

6,091,923

15.3 %

5,282,682

 

Trade Debtors

5,433,238

-

-

-100.0 %

1,197,764

 

Stock

286,347

9.1 %

262,365

-7.9 %

284,727

 

Cash

16,526

26.4 %

13,079

-49.3 %

25,797

 

Other Current Assets

802,067

-86.2 %

5,816,479

54.1 %

3,774,394

 

Increase In Cash

3,447

127.1 %

-12,718

92.6 %

-172,277

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

8,544,961

26.7 %

6,741,945

0.5 %

6,709,473

 

Total Current Liabilities

7,687,754

28.1 %

5,999,795

-9.4 %

6,625,214

 

Trade Creditors

3,322,893

47.2 %

2,256,708

259.4 %

627,915

 

Bank Overdraft

148,828

-60.3 %

374,738

-84.9 %

2,480,272

 

Other Short Term Fin

3,679,923

42.3 %

2,586,082

-19.6 %

3,215,848

 

Miscellaneous Current Liabilities

536,110

-31.5 %

782,267

159.7 %

301,179

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

380,421

8.6 %

350,442

-34.1 %

531,487

 

Bank Overdraft & LTL

529,249

-27.0 %

725,180

-75.9 %

3,011,759

 

Total Liabilities

8,068,175

27.1 %

6,350,237

-11.3 %

7,156,701

 

Net Assets

476,786

21.7 %

391,708

187.6 %

-447,228

 

Working Capital

-1,149,576

-1,347.8 %

92,128

106.9 %

-1,342,532

 

CAPITALS & RESERVES

 

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Paid up equity

2,500,000

-

2,500,000

-

2,500,000

 

P&L Account Reserve

-3,839,978

2.2 %

-3,925,056

3.4 %

-4,063,992

 

Sundry Reserves

1,816,764

-

1,816,764

62.7 %

1,116,764

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

476,786

21.7 %

391,708

187.6 %

-447,228

 

Net Worth

132,129

999.9%

-10,099

98.9 %

-906,185

 

MISCELLANEOUS

 

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

YES

-

YES

 

Capital Employed

857,207

15.5 %

742,150

780.8 %

84,259

 

No of Employees

62

29.2 %

48

14.3 %

42

     

Auditors

DELOITTE & TOUCHE LLP

 

AuditQualification

No Adverse Comments

 

Bankers

HYPO VEREINSBANK

 

BankBranchCode

 

 

RATIOS

 

 

Annual Accounts

01/06-12/06

01/05-12/05

01/04-12/04

 

Pre-tax profit margin %

0.7 %

1.6 %

-31.7 %

 

Current ratio

0.85

1.02

0.80

 

Sales/Net Working Capital

-10.32

93.55

-2.84

 

Gearing %

111.0 %

185.1 %

-673.4 %

 

Equity in %

5.8 %

6.2 %

-7.2 %

 

Creditor Days

101.91

95.57

60.02

 

Debtor Days

166.63

0.00

114.49

 

Liquidity/Acid Test

0.81

0.97

0.75

 

Return On Capital Employed %

9.9 %

18.7 %

-1,437.2 %

 

Return On Total Assets Employed %

1.0 %

2.1 %

-18.1 %

 

Current Debt Ratio %

16.1 %

15.3 %

-14.8 %

 

Total Debt Ratio %

16.9 %

16.2 %

-16.0 %

 

Stock Turnover Ratio %

2.4 %

3.0 %

7.5 %

 

Return on Net Assets Employed %

17.8 %

35.5 %

270.8 %

 

group structure

 

                                                                          Ultimate Parent Company         CWT AG

                                                                          Companies in Group     4

 

 

 

                                                                                      Company Name   Registered Number            Latest Annual Accounts

                                                                                      CWT AG               AUSTRIA                 N/A

                                                                                      CHRIST WATER TECHNOLOGY AG     AUSTRIA          N/ACHRIST-KENNICOTT WATER TECHNOLOGY LIMITED<<<                      03437229                31/12/2006

H2OIL AND GAS LTD                                                      SC302540                   31/12/2006

 

 

 

Status History

 

 

Date                                  Description

No Status History

 

 

 

 

Event History

 

 

Date                    Description

19/11/2007           New Accounts Filed

19/10/2007           Annual Returns

15/11/2006           New Accounts Filed

18/11/2005           New Accounts Filed

10/06/2005           Gavin Paulcooper Has Left The Board

10/06/2005           New Board Member (john Edwardfryer) Appointed

08/12/2004           New Board Member (gavin Paulcooper) Appointed

23/11/2004           Sharonjit Kaurbagri Has Left The Board

16/11/2004           New Accounts Filed

30/10/2004           Annual Returns

13/09/2004           New Accounts Filed

12/06/2004           Data Refresh

 

 

 

directors

 

                                      Name                                   Karl Michael Millauer    

                                      Address                                Rudolf Von Altplatz 4-7    

                                                 Vienna

                                                 A 1030

                                                 Austria

                                      Officers Title                        Mr                                 Date Of Birth      28/07/1958

                                      Honours                                                                    Present Appointments   1

                                      Appointment Date                22/01/2001                     Function            Director

                                                                                                                        

 

 

 

                                      Name                                   Robert Lloyd Hook        

                                      Address                                Waterford

                                                 Derby Road

                                                 Hoddesdon

                                                 Hertfordshire

                                                 EN11 0BG

                                      Officers Title                        Mr                                 Date Of Birth      15/12/1959

                                      Honours                                                                    Present Appointments   2

                                      Appointment Date                07/01/2002                     Function            Director

                                                                                                                        

 

 

 

                                      Name                                   John Edward Fryer        

                                      Address                                7 Norwich Close  

                                                 Lichfield

                                                 Staffordshire

                                                 WS13 7SJ

                                      Officers Title                        Mr                                 Date Of Birth      19/08/1948

                                      Honours                                                                    Present Appointments   1

                                      Appointment Date                25/05/2005                     Function            Company Secretary

                                                                                                                        

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.74

UK Pound

1

Rs.85.19

Euro

1

Rs.66.12

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions