MIRA
INFORM REPORT
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Report Date : |
19.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
NORD INTERNATIONAL SCHOOLS
LIMITED |
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Formerly Known as : |
INHOCO 3046 LIMITED |
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Registered Office : |
Anglia House, Carrs Road, Cheadle, Cheshire Sk8 2la |
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Country : |
United Kingdom |
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Financials (as on) : |
31.08.2007 |
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Date of Incorporation : |
16.01.2004 |
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Legal Form : |
Private Limited With Share
Capital |
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Line of Business : |
Other Business Activities |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
NORD INTERNATIONAL SCHOOLS
LIMITED
Number 05017740
company summary
Address ANGLIA
HOUSE,
CARRS ROAD,
CHEADLE,
CHESHIRE SK8 2LA
Postcode SK8
2LA
Company Status Active - Accounts Filed
Phone
Type Private
limited with Share Capital
Incorporated Date 16/01/2004
Active CCJ's 0
Value of CCJ's [£] £0
Number Of Writs 0
Current Directors 2
Total Directorships 64
Trading to Date 31/08/07 31/08/06 31/08/05
Turnover £293,188 £1,370,396 £1,015,247
Shareholder Funds £-928,684 £346,300 £-17,210
Employees 9 8 8
Trends
Profitability
Liquidity
Shareholders Funds
company information
Registered Address
Telephone Number
TPS
Address
ANGLIA HOUSE
CARRS ROAD
CHEADLE
CHESHIRE SK8 2LA
Trading Address
Telephone Number
TPS
Address
Anglia House
Carrs Road
Cheadle
SK8 2LA
Web Address
Incorporation Date 16/01/2004
Type of Accounts Full
Accounts
Filing Date of Accounts 26/06/2008
Company Type Private
Limited With Share Capital
Date of Latest Accounts 31/08/2007
Annual Return 01/10/2007
Previous Name(s)
Changed: 23/03/2004 Inhoco 3046 Limited
Industry:
The Provision Of Management And Support Services.
SIC Code Description
7487 Other
Business Activities
Mortgage Charges
Outstanding 1 Satisfied 2
Shareholders
Share Capital 1 Currency Gbp
Previous Names Details
Previous Name(s)
Changed : 23/03/2004 Inhoco 3046 Limited
Secondary Industry Code Details
SIC Code Description
7487 Other
Business Activities
Mortgage Details
Mortgage Type: mortgage debenture
Date Charge Created: 19/06/2007
Date Charge Registered: 21/06/2007
Date Charge Satisfied:
Status: Outstanding
Person(s) Entitled: AIB GROUP (UK) PLC
Amount Secured: all monies due or
to become due from the company to the secured parties on any a ccount
whatsoever under the terms of the aforementioned instrument creating or
evidencing the charge
Details: fixed and floating
charges over the unde rtaking and all property and assets pres ent and future
including goodwill uncall ed capital buildings fixtures plant and machinery
Mortgage Type: debenture
Date Charge Created: 22/05/2006
Date Charge Registered: 01/06/2006
Date Charge Satisfied: 25/07/2007
Status: Satisfied
Person(s) Entitled: THE ROYAL BANK OF
SCOTLAND plc
Amount Secured:
Details: 01fixed and floating
charges over the undertaking and all property and assets present and future
including goodwill bookdebts uncalled capital buildings fixturesfixed plant and
machinery.
Mortgage Type: mortgage debenture
Date Charge Created: 11/06/2004
Date Charge Registered: 17/06/2004
Date Charge Satisfied: 25/07/2007
Status: Satisfied
Person(s) Entitled: AIB GROUP (UK)
p.l.c.
Amount Secured:
Details: 01fixed and
floating charges over the undertaking and all property and assets present and
future including goodwill bookdebts uncalled capital buildings fixturesfixed
plant and machinery.
Shareholders Details
Name Shares
Na Schools Limited 1
Ordinary Gbp 1.00
Trading Address Details
Address
Anglia House Carrs Road Cheadle SK8 2LA
Telephone Number
TCPS
accounts
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Auditors PKF
(UK) LLP
AuditQualification No
Adverse Comments
Bankers
BankBranchCode
RATIOS
Annual Accounts 09/06-08/07 09/05-08/06 09/04-08/05
Pre-tax profit
margin % -621.2 % 39.0
% -2.1 %
Current ratio 0.16 1.44 0.02
Sales/Net
Working Capital -0.19 12.42 -3.76
Gearing % 0.0
% 0.0 % -48.4 %
Equity in % -105.2
% 58.2 % -6.6 %
Creditor Days 178.49 2.40 2.70
Debtor Days - 0.30 0.00
Liquidity/Acid
Test 0.16 1.44 0.02
Return On
Capital Employed % 196.1 % 154.2
% -121.8 %
Return On Total
Assets Employed % -206.3 % 89.7
% -8.1 %
Current Debt
Ratio % -2.0 % 0.7
% -16.1 %
Total Debt
Ratio % -2.0 % 0.7
% -16.1 %
Stock Turnover
Ratio % - - 0.0 %
Return on Net
Assets Employed % 196.1 % 154.2
% 121.8 %
Credit Limit Explanation
The Recommended Credit Limit is calculated using a
formula that analyses information from a company's financial accounts and
payment record.
The advised amount can be
defined as the maximum amount that could be advanced in any one calendar month,
assuming standard payment terms of 30 days beyond the month of invoice.
Therefore the same maximum amount could be advanced in the next calendar month.
Date Description
06/07/2008 Caution - Credit at your discretion
17/07/2007 Very Good Credit Worthiness
13/07/2006 Caution - Credit at your discretion
13/05/2006 Credit Against Collateral
21/07/2005 Credit Worthy
group structure
Ultimate
Parent Company NORD ANGLIA
EDUCATION PLC
Companies
in Group 34
Company
Name Registered Number Latest Annual Accounts
NORD
ANGLIA EDUCATION PLC 02116088 31/08/2007
KINGSWOOD
COLLEGE LIMITED 00813823 31/08/2007
SCHOOL
OF FINANCE & MANAGEMENT (LONDON) LIMITED03139681 31/08/2007
NORD
ANGLIA ELEARNING LIMITED 03544666 31/08/2007
NA
EDUCATIONAL SERVICES LIMITED 03603850 31/08/2007
NORD ANGLIA EDUCATION DEVELOPMENT
SERVICES LIMITED05603122 31/08/2007
NORD
ANGLIA EDUCATION PARTNERSHIPS LIMITED 05603137 31/08/2007
NORD
ANGLIA FACILITIES MANAGEMENT LIMITED 03353518 31/08/2007
NORD ANGLIA DEFENCE SERVICES LIMITED 03739390 31/08/2007
NORD ANGLIA INSPECTIONS LIMITED 02336898 31/08/2007
NORD
ANGLIA LIFETIME DEVELOPMENT LIMITED 02963157 31/08/2007
NORD ANGLIA LIFETIME DEVELOPMENT LONDON &
SOUTH EAST LTD 03150311 31/08/2007
NORD ANGLIA LIFETIME DEVELOPMENT NORTH EAST
LIMITED 03164404 31/08/2007NORD ANGLIA
LIFETIME DEVELOPMENT SOUTH WEST LIMITED 03164408
31/08/20
NORD ANGLIA LIFETIME DEVELOPMENT NORTH
WEST LIMITED 03170348 31/08/2007
LIFETIME CAREERS STOCKPORT & HIGH PEAK
LIMITED 03026785 31/08/2007
NORD ANGLIA RECRUITMENT LIMITED 02339350 31/08/2007
NORD
ANGLIA TRAINING AND DEVELOPMENT SERVICES LIMITED02030367 31/08/200
NA SCHOOLS LIMITED 03604036 31/08/2007
NORD
INTERNATIONAL NURSERIES LIMITED 05404941 31/08/2007
INHOCO 3227 LIMITED 05501976 31/07/200
ABET - ACCESS TO BRITISH EDUCATION &
TRAINING LTD.02335179 31/08/2007
ABET
INTERNATIONAL LIMITED 03354186 31/08/2007
ACCESS TO WORLDWIDE EDUCATION LIMITED 02335500 31/08/2007
GRAMERCY HALL SCHOOL LIMITED 02498292 31/08/2007
NORD ANGLIA EDUCATION GROUP LIMITED 01979390 31/08/2007
NORD INTERNATIONAL SCHOOLS LIMITED<<< 05017740 31/08/2007
POLYGLOT BUSINESS CONSULTING LIMITED 05272570 31/08/2007
NA LANGUAGE LIMITED 03604039 31/08/2007
EDUACTION (WALTHAM FOREST) LIMITED 04128693 31/03/2007
EDUACTION LIMITED 04141418 31/03/2007
NORD ANGLIA HOLDINGS LIMITED 05122397 31/08/2007
NORD
UK LIMITED 04411175 31/08/2007LEAPFROG PROPERTIES LIMITED 03622195 31/08/2007
Status History
Date Description
No Status History
Event History
Date Description
06/07/2008 New
Accounts Filed
06/11/2007 Annual
Returns
08/10/2007 Stephen
Hyde Has Left The Board
25/09/2007 New
Board Member (david Smith) Appointed
17/07/2007 New
Accounts Filed
03/07/2007 Rosamund
Marshall Has Left The Board
02/07/2007 New
Board Member (rosamund Marshall) Appointed
07/06/2007 New
Company Secretary (elizabeth Tarn) Appointed
23/05/2007 Hannah
Metcalf Has Resigned As Company Secretary
08/11/2006 Rosamund
Margaretmarshall Has Left The Board
13/10/2006 New
Board Member (rosamund Margaretmarshall) Appointed
31/07/2006 New
Company Secretary (hannah Ruthmetcalf) Appointed
27/07/2006 A
G Secretarial Limited Has Resigned As Company Secretary
13/07/2006 New
Accounts Filed
21/07/2005 New
Accounts Filed
directors
Name David Andrew
Gordon Smith
Address 5 Dann Place The
Waterfront
Wilford Village
Nottingham
Nottinghamshire
NG11 7FA
Officers
Title Mr Date Of Birth 24/06/1956
Honours Present
Appointments 64
Appointment
Date 09/01/2008 Function Company Secretary
Name David Andrew
Gordon Smith
Address 5 Dann Place The
Waterfront
Wilford Village
Nottingham
Nottinghamshire
NG11 7FA
Officers
Title Mr Date Of Birth 24/06/1956
Honours Present
Appointments 64
Appointment
Date 01/09/2007 Function Director
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.32 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.65.90 |
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. |
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%)