MIRA INFORM REPORT
|
Report Date : |
29.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
AERONAUTICAL & GENERAL INSTRUMENTS
LIMITED |
|
|
|
|
Formerly Known As : |
A.G.I. RETAIL LIMITED |
|
|
|
|
Registered Office : |
Fleets Point Willis Way , Poole, Dorset , Bh15 3ss |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
01.01.1915 |
|
|
|
|
Com. Reg. No.: |
00138853 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of tv
transmitters telephony |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
£160,000 |
|
Status : |
Good |
|
Payment
Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
United Kingdom |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Company summary
|
Company Name |
AERONAUTICAL & GENERAL INSTRUMENTS
LIMITED |
Company Number |
00138853 |
|
Registered
Address |
FLEETS POINT WILLIS WAY |
Trading Address |
Fleets Point |
|
|
POOLE |
|
|
|
|
DORSET |
|
|
|
|
BH15 3SS |
|
|
|
Website Address |
|
|
|
|
Telephone Number
|
01202685661 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
01/01/1915 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
A.G.I. RETAIL LIMITED |
Type |
Private limited with Share Capital |
|
|
|
Filing Date of
Accounts |
14/08/2010 |
|
Date of Change |
21/04/1986 |
Share Capital |
£928,489 |
|
Sic Code |
3220 |
Currency |
GBP |
|
Sic Description |
MANUFACTURE OF TV TRANSMITTERS TELEPHONY
ETC |
||
|
Principal
Activity |
Design, development and manufacture of
aviation and marine systems. |
||
Credit Limit
|
Limit |
£160,000 |
Previous Limit |
£165,000 |
|
Contract Limit |
£4,800,000 |
|
|
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
|
The credit limit on this company has fallen 3% in comparison to the
previously suggested credit limit. |
|
|
|
The previous 12 month trading period saw a rise in Sales of 48.9%. |
|
|
|
In the previous 12 month trading period Net Worth increased by 18.8%. |
|
|
|
A 4.3% decline in Total Assets occurred in the previous 12 month
trading period. |
|
|
|
Pre-tax profits increased by 86.8% in the previous 12 month trading
period. |
|
|
|
The company saw an increase in their Cash Balance of 125.4% in the
previous 12 month trading period. |
|
|
|
The audit report contains no adverse comments. |
|
|
|
No recent changes in directorship are recorded. |
|
|
|
The company is part of a group. |
|
|
|
The company has changed its registered address recently. |
|
|
|
The company was established over 96 years ago. |
|
|
|
|
|
|
|
|
|
|
Last 3 Years Credit Limit
|
Date |
Limit |
|
31/12/2010 |
£165,000 |
|
31/12/2009 |
£100,000 |
|
31/12/2008 |
£250,000 |
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/03/2010 |
£21,346,534 |
£4,663,998 |
£7,841,348 |
139 |
|
31/03/2009 |
£14,335,589 |
£2,497,180 |
£6,598,880 |
126 |
|
31/03/2008 |
£12,580,979 |
£1,449,064 |
£5,795,039 |
105 |
CCJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
0 |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
|
Outstanding |
1 |
|
Satisfied |
11 |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
15 |
Current Directors
|
Name |
John Graham Harris |
Date of Birth |
15/05/1947 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
59 |
Function |
Director |
|
Appointment Date |
12/11/2001 |
|
|
|
Address |
17 Westfield Road, Edgbaston, Birmingham, B15 3QF |
||
|
|
|
|
|
|
Name |
Susan Margaret Watson |
Date of Birth |
30/07/1953 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
23 |
Function |
Director |
|
Appointment Date |
24/11/2006 |
|
|
|
Address |
Cressington 23 Four Oaks Road, , Sutton Coldfield,
B74 2XT |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Stephen Robert Maycock |
Date of Birth |
08/12/1959 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
01/04/2009 |
|
|
|
Address |
Woodfield, Verwood Road Woodlands, Wimborne, BH21
8LJ |
||
|
|
|
|
|
Top 20 Shareholders
|
Individual Share Value |
|
|
H W MACHINERY LTD |
928,489 ORDINARY GBP 1.00 |
Profit & Loss
|
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
(%) |
31/03/06 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£21,346,534 |
48.9% |
£14,335,589 |
13.9% |
£12,580,979 |
38% |
£9,114,767 |
-9.2% |
£10,042,000 |
|
Export |
£15,124,787 |
82.9% |
£8,269,877 |
-1.9% |
£8,428,025 |
47.5% |
£5,712,153 |
- |
- |
|
Cost of Sales |
£13,318,539 |
40.4% |
£9,483,166 |
14.4% |
£8,285,945 |
51.2% |
£5,481,356 |
-2.1% |
£5,597,000 |
|
Gross Profit |
£8,027,995 |
65.4% |
£4,852,423 |
13% |
£4,295,034 |
18.2% |
£3,633,411 |
-18.2% |
£4,444,000 |
|
Wages & Salaries |
£5,269,688 |
30.9% |
£4,025,509 |
17.9% |
£3,412,901 |
27.3% |
£2,680,370 |
-0.5% |
£2,695,000 |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
£4,587,202 |
95.5% |
£2,346,760 |
55.6% |
£1,508,058 |
7% |
£1,409,031 |
-43.8% |
£2,507,000 |
|
Depreciation |
£124,898 |
90.6% |
£65,542 |
2.5% |
£63,935 |
25.2% |
£51,060 |
-12% |
£58,000 |
|
Audit Fees |
£19,380 |
13% |
£17,150 |
-34% |
£26,000 |
40.9% |
£18,459 |
8.6% |
£17,000 |
|
Interest Payments |
£8,257 |
-73.2% |
£30,766 |
-48.1% |
£59,287 |
310.8% |
£14,433 |
-70.5% |
£49,000 |
|
Pre Tax Profit |
£4,663,998 |
86.8% |
£2,497,180 |
72.3% |
£1,449,064 |
5.1% |
£1,379,143 |
-44% |
£2,462,000 |
|
Taxation |
-£1,288,398 |
-85.4% |
-£694,862 |
-44.3% |
-£481,417 |
-119.6% |
-£219,190 |
9.8% |
-£243,000 |
|
Profit After Tax |
£3,375,600 |
87.3% |
£1,802,318 |
86.3% |
£967,647 |
-16.6% |
£1,159,953 |
-47.7% |
£2,219,000 |
|
Dividends Payable |
£2,133,132 |
113.6% |
£998,477 |
66.4% |
£600,000 |
- |
£600,000 |
- |
- |
|
Retained Profit |
£1,242,468 |
54.6% |
£803,841 |
118.6% |
£367,647 |
-34.3% |
£559,953 |
-74.8% |
£2,220,000 |
Balance Sheet
|
Date Of Accounts |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
(%) |
31/03/06 |
|
Tangible Assets |
£2,765,870 |
-17.3% |
£3,342,919 |
-7.6% |
£3,616,817 |
281.4% |
£948,362 |
353.8% |
£209,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£2,765,870 |
-17.3% |
£3,342,919 |
-7.6% |
£3,616,817 |
281.4% |
£948,362 |
353.8% |
£209,000 |
|
Stock |
£2,587,661 |
-23.3% |
£3,374,895 |
43.7% |
£2,349,129 |
37.6% |
£1,707,340 |
-5.6% |
£1,808,000 |
|
Trade Debtors |
£4,175,271 |
-9.8% |
£4,631,192 |
39.7% |
£3,315,266 |
88.6% |
£1,757,535 |
53.4% |
£1,146,000 |
|
Cash |
£1,545,111 |
125.4% |
£685,401 |
999.9% |
£61,666 |
-91.6% |
£732,201 |
7.2% |
£683,000 |
|
Other Debtors |
£560,937 |
336% |
£128,645 |
25.7% |
£102,382 |
-96.7% |
£3,143,903 |
-8.8% |
£3,449,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£8,868,980 |
0.6% |
£8,820,133 |
51.3% |
£5,828,443 |
-20.6% |
£7,340,979 |
3.6% |
£7,086,000 |
|
Trade Creditors |
£944,992 |
-27% |
£1,295,243 |
52.2% |
£850,945 |
12.4% |
£756,891 |
64.5% |
£460,000 |
|
Bank Loans & Overdrafts |
0 |
-100% |
£459,256 |
239.8% |
£135,161 |
270.2% |
£36,508 |
- |
0 |
|
Other Short Term Finance |
£59,673 |
-77.9% |
£269,673 |
-42.1% |
£465,937 |
230.4% |
£141,039 |
64% |
£86,000 |
|
Miscellaneous Current Liabilities |
£2,542,536 |
-22.4% |
£3,277,185 |
100.3% |
£1,636,080 |
46.4% |
£1,117,633 |
-22.6% |
£1,444,000 |
|
Total Current Liabilities |
£3,547,201 |
-33.1% |
£5,301,357 |
71.7% |
£3,088,123 |
50.5% |
£2,052,071 |
3.1% |
£1,990,000 |
|
Bank Loans & Overdrafts and LTL |
£246,301 |
-65.9% |
£722,071 |
3.6% |
£697,259 |
-17.6% |
£846,386 |
93.7% |
£437,000 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£94,000 |
|
Total Long Term Liabilities |
£246,301 |
-6.3% |
£262,815 |
-53.2% |
£562,098 |
-30.6% |
£809,878 |
85.3% |
£437,000 |
Capital & Reserves
|
Date Of Accounts |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
(%) |
31/03/06 |
|
Called Up Share Capital |
£928,489 |
- |
£928,489 |
- |
£928,489 |
- |
£928,489 |
0.1% |
£928,000 |
|
P & L Account Reserve |
£6,679,672 |
22.9% |
£5,437,204 |
17.3% |
£4,633,363 |
8.6% |
£4,265,716 |
15.1% |
£3,706,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£233,187 |
- |
£233,187 |
- |
£233,187 |
- |
£233,187 |
0.1% |
£233,000 |
|
Shareholder Funds |
£7,841,348 |
18.8% |
£6,598,880 |
13.9% |
£5,795,039 |
6.8% |
£5,427,392 |
11.5% |
£4,867,000 |
Other Financial Items
|
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
(%) |
31/03/06 |
|
|
Net Worth |
£7,841,348 |
18.8% |
£6,598,880 |
13.9% |
£5,795,039 |
6.8% |
£5,427,392 |
11.5% |
£4,867,000 |
|
Working Capital |
£5,321,779 |
51.2% |
£3,518,776 |
28.4% |
£2,740,320 |
-48.2% |
£5,288,908 |
3.8% |
£5,096,000 |
|
Total Assets |
£11,634,850 |
-4.3% |
£12,163,052 |
28.8% |
£9,445,260 |
13.9% |
£8,289,341 |
13.6% |
£7,295,000 |
|
Total Liabilities |
£3,793,502 |
-31.8% |
£5,564,172 |
52.4% |
£3,650,221 |
27.5% |
£2,861,949 |
17.9% |
£2,427,000 |
|
Net Assets |
£7,841,348 |
18.8% |
£6,598,880 |
13.9% |
£5,795,039 |
6.8% |
£5,427,392 |
11.5% |
£4,868,000 |
Cash Flow
|
Date Of Accounts |
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
(%) |
31/03/06 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
31/03/10 |
(%) |
31/03/09 |
(%) |
31/03/08 |
(%) |
31/03/07 |
(%) |
31/03/06 |
|
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
NO |
- |
NO |
|
Capital Employed |
£8,087,649 |
17.9% |
£6,861,695 |
7.9% |
£6,357,137 |
1.9% |
£6,237,270 |
17.6% |
£5,304,000 |
|
Number of Employees |
139 |
10.3% |
126 |
20% |
105 |
15.4% |
91 |
1.1% |
90 |
|
Auditors |
ERNST & YOUNG LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
ALLIED IRISH BANK |
||||||||
|
Bank Branch Code |
23-83-93 |
||||||||
Ratios
|
31/03/10 |
31/03/09 |
31/03/08 |
31/03/07 |
31/03/06 |
|||
|
Pre-tax profit margin % |
21.85 |
17.42 |
11.52 |
15.13 |
24.52 |
||
|
Current ratio |
2.50 |
1.66 |
1.89 |
3.58 |
3.56 |
||
|
Sales/Net Working Capital |
4.01 |
4.07 |
4.59 |
1.72 |
- |
||
|
Gearing % |
3.10 |
10.90 |
12 |
15.60 |
9 |
||
|
Equity in % |
67.40 |
54.30 |
61.40 |
65.50 |
66.70 |
||
|
Creditor Days |
16.11 |
32.88 |
24.62 |
30.23 |
16.72 |
||
|
Debtor Days |
71.19 |
117.59 |
95.92 |
70.19 |
41.65 |
||
|
Liquidity/Acid Test |
1.77 |
1.02 |
1.13 |
2.75 |
2.65 |
||
|
Return On Capital Employed % |
57.66 |
36.39 |
22.79 |
22.11 |
46.42 |
||
|
Return On Total Assets Employed % |
40.08 |
20.53 |
15.34 |
16.63 |
33.75 |
||
|
Current Debt Ratio |
0.45 |
0.80 |
0.53 |
0.37 |
0.41 |
||
|
Total Debt Ratio |
0.48 |
0.84 |
0.62 |
0.52 |
0.50 |
||
|
Stock Turnover Ratio % |
12.12 |
23.54 |
18.67 |
18.73 |
18 |
||
|
Return on Net Assets Employed % |
59.47 |
37.84 |
25.01 |
25.41 |
50.58 |
||
|
|
|
|
|
||||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
|
23/08/2010 |
New Accounts Filed |
|
|
10/07/2010 |
Annual Returns |
|
|
14/07/2009 |
Annual Returns |
|
|
13/07/2009 |
Mr A.E. Mullins has resigned as company secretary |
|
|
10/07/2009 |
Change in Reg.Office |
|
|
17/04/2009 |
New Company Secretary Mr S.R. Maycock appointed |
|
|
17/08/2008 |
New Accounts Filed |
|
|
24/07/2007 |
New Accounts Filed |
|
|
12/01/2007 |
New Accounts Filed |
|
|
21/12/2006 |
New Board Member (SUSAN MARGARETWATSON) appointed |
|
|
16/02/2006 |
New Accounts Filed |
|
|
11/02/2005 |
New Accounts Filed |
|
|
13/09/2004 |
New Accounts Filed |
|
|
28/07/2004 |
Annual Returns |
|
|
22/04/2004 |
Annual Returns |
|
Limit History
|
Date |
Limit |
|
11/01/2011 |
£160,000 |
|
23/08/2010 |
£165,000 |
|
08/07/2010 |
£110,000 |
|
29/08/2009 |
£100,000 |
|
27/08/2009 |
£95,000 |
|
13/07/2009 |
£90,000 |
|
10/07/2009 |
£95,000 |
|
17/04/2009 |
£190,000 |
|
05/03/2009 |
£185,000 |
|
17/08/2008 |
£250,000 |
Previous Company Names
|
Date |
Previous Name |
Companies House Documents |
|
21/04/1986 |
A.G.I. RETAIL LIMITED |
|
Group Structure
Summary
|
Company Name |
AERONAUTICAL & GENERAL INSTRUMENTS LIMITED |
Company Number |
00138853 |
|
Holding Company |
HW MACHINERY LIMITED |
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
HARRIS WATSON HOLDINGS LIMITED |
Companies in group |
10 |
Group structure
|
Company Name |
|
Safe Number |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Rating |
Limit |
Turnover |
|
|
|
UK02072402 |
02410053 |
31.03.2010 |
Y |
67 |
£475,000 |
£84,114,000 |
|
|
|
UK03376636 |
03721208 |
31.03.2010 |
N |
55 |
£50,000 |
|
|
|
|
UK06356724 |
06714113 |
31.03.2010 |
N |
N/R |
- |
|
|
|
|
UK00562902 |
00889363 |
31.03.2010 |
N |
81 |
£100,000 |
£8,850,644 |
|
|
|
UK00017536 |
00138853 |
31.03.2010 |
N |
90 |
£160,000 |
£21,346,534 |
|
|
|
UK01959698 |
02296391 |
31.03.2008 |
N |
N/R |
- |
|
|
|
|
UK00038251 |
00220860 |
31.03.2010 |
N |
N/R |
- |
|
|
|
|
UK03818808 |
04168407 |
31.03.2010 |
N |
77 |
£100,000 |
£8,479,419 |
|
|
|
UK05941874 |
06298578 |
31.03.2010 |
N |
2 |
£0 |
£16,680,000 |
|
|
|
UK01180505 |
01511975 |
31.03.2010 |
N |
84 |
£100,000 |
£13,319,657 |
HARRIS
WATSON HOLDINGS LIMITED 
FH
GB LIMITED 
METALLINE
INTERNATIONA... Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
04/01/11 |
|
|
|
Date Charge Registered: |
07/01/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge Created: |
15/04/04 |
|
|
|
Date Charge Registered: |
17/04/04 |
|
|
|
Date Charge Satisfied: |
11/01/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
AIB GROUP (UK) PLC |
||
|
Amount Secured: |
|
||
|
Details: |
FIXED 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: |
CHARGE OVER DEPOSITS |
||
|
Date Charge Created: |
21/08/02 |
|
|
|
Date Charge Registered: |
29/08/02 |
|
|
|
Date Charge Satisfied: |
11/01/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
AIB GROUP (UK) P.L.C. |
||
|
Amount Secured: |
|
||
|
Details: |
FIRST FIXED CHARGE OVER ANY SUMS DEPOSITED OR TO BE DEPOSITED BY THE COMPANY
INANY DEPOSIT ACCOUNT OF THE COMPANY HELDWITH THE BANK AT ANY OF ITS
BRANCHESSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
FIXED AND FLOATING CHARGE |
||
|
Date Charge Created: |
12/11/01 |
|
|
|
Date Charge Registered: |
17/11/01 |
|
|
|
Date Charge Satisfied: |
04/02/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
FIRST NATIONAL INVOICE FINANCE LIMITED (THE "SECURITY
HOLDER") |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
WHETHER ARISING UNDER THE FACTORINGAGREEMENT DATED 12TH NOVEMBER 2001 BETWEEN
THE SECURITY HOLDER AND THE DEBTOR HORSTMAN DEFENCE SYSTEMS LIMITED OR
OTHERWISE |
||
|
Details: |
. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
FIXED AND FLOATING CHARGE |
||
|
Date Charge Created: |
12/11/01 |
|
|
|
Date Charge Registered: |
17/11/01 |
|
|
|
Date Charge Satisfied: |
04/02/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
FIRST NATIONAL INVOICE FINANCE LIMITED (THE "SECURITY
HOLDER") |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
WHETHER ARISING UNDER THE FACTORINGAGREEMENT DATED 12TH NOVEMBER 2001 MADE
BETWEEN THE SECURITY HOLDER AND THE DEBTOR A.B PRECISION (POOLE) LIMITED OR
OTHERWISE |
||
|
Details: |
. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
FIXED CHARGE ON ALL DEBTS AND RELATED RIGHTS AND FLOATING CHARGE ON
ALL OTHER PROPERTY |
||
|
Date Charge
Created: |
12/11/01 |
|
|
|
Date Charge
Registered: |
17/11/01 |
|
|
|
Date Charge
Satisfied: |
04/02/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
FIRST NATIONAL INVOICE FINANCE LIMITED (THE "SECURITY
HOLDER") |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
WHETHER ARISING UNDER THE FACTORINGAGREEMENT DATED 12NOVEMBER 2001 BETWEEN
THE COMPANY AND THE SECURITY HOLDER OR OTHERWISE |
||
|
Details: |
BY WAY OF FIXED CHARGE ALL (A) SPECIFIED DEBTS BEING ANY BOOK DEBTS
THE OWNERSHIP OF WHICH SHALL FAIL TO VEST ABSOLUTELY AND EFFECTIVELY IN THE
SECURITY HOLDERFOR ANY REASON TOGETHER WITH THE RELATEDRIGHTS (B) ALL OTHER
DEBTS BEING ALL AMOUNTS OF INDEBTEDNESS NOW OR AT ANY TIME HEREAFTER OWING OR
BECOMING DUE TO THECOMPANY ON ANY ACCOUNT WHATSOEVER; BY WAY OF FLOATING
CHARGE THE UNDERTAKING AND ALL THE PROPERTY RIGHTS AND ASSETS OF THE COMPANY. |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
19/09/95 |
|
|
|
Date Charge Registered: |
26/09/95 |
|
|
|
Date Charge Satisfied: |
11/11/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
GUARANTEE AND DEBENTURE |
||
|
Date Charge Created: |
19/06/92 |
|
|
|
Date Charge Registered: |
30/06/92 |
|
|
|
Date Charge Satisfied: |
11/08/95 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BOND SUPPORT ADVISERS LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
SEE FORM 395 FOR FULL DETAILS FIXED AND FLOATING CHARGES OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
07/02/92 |
|
|
|
Date Charge Registered: |
18/02/92 |
|
|
|
Date Charge Satisfied: |
15/03/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
FOR FURTHER SECURING ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO
THE CHARGEE ON ANY ACCOUNTWHATSOEVERSUPPLEMENTAL TO THE PRINCIPALCHARGE DATED
15/06/88 |
||
|
Details: |
FIRST FIXED CHARGE ON ALL GOODWILL UNCALLED CAPITAL
PATENTS/APPLICATIONS AND TRADE MARKS ETC. (FOR FULL DETAILS SEE FORM 395 TC
REF: M145C) |
||
|
Mortgage Type: |
COLLATERAL MORTGAGE DEBENTURE |
||
|
Date Charge
Created: |
05/12/89 |
|
|
|
Date Charge
Registered: |
14/12/89 |
|
|
|
Date Charge
Satisfied: |
07/10/93 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
LUCAS TRADING LIMITED |
||
|
Amount Secured: |
STERLING POUNDS 100,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM
THE COMPANY TO THE CHARGEE. UNDER THE TERMS OF AN AGREEMENT DATED 5.12.89 AND
THE CHARGE |
||
|
Details: |
FIXED 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: |
DEBENTURE |
||
|
Date Charge
Created: |
05/12/89 |
|
|
|
Date Charge Registered: |
08/12/89 |
|
|
|
Date Charge
Satisfied: |
16/11/93 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
3I PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
STOCK-IN-TRADE, WORK-IN-PROGRESS, PRE-PAYMENTS AND INVESTMENTS. FIXED
AND FLOATING CHARGES OVER THEUNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES
FIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge
Created: |
15/06/88 |
|
|
|
Date Charge
Registered: |
27/06/88 |
|
|
|
Date Charge
Satisfied: |
15/03/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED CHARGE ON ALL BOOK & OTHER DEBTS FLOATING CHARGE OVER
UNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE INCLUDING UNCALLED
CAPITAL |
||
Creditor Details
|
No Creditor Data |
||
|
Total Value |
- |
|
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
|
|
|
Total Value |
- |
|
Previous Director/Company
Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Guy Mervyn Norris |
117 |
181 |
|
Jeffrey Jacques Hobbs |
4 |
145 |
|
Hugh Wingfield Melvin |
0 |
5 |
|
Nicholas Stephen Short |
8 |
7 |
|
Daniel Cornelius Ray |
0 |
6 |
|
Daniel Cornelius Ray |
0 |
6 |
|
Anthony Edgar Mullins |
0 |
9 |
|
Anthony Edgar Mullins |
0 |
9 |
|
Mark Hamish Longdin |
4 |
14 |
|
Peter Joseph Kindr Haslehurst |
13 |
105 |
|
Richard Hands |
3 |
10 |
|
Bernard Brooks |
2 |
6 |
|
Adrian Charles Blyth |
0 |
4 |
|
John Ralph Edwards |
2 |
181 |
|
Howard John Hindle |
10 |
17 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.33 |
|
UK Pound |
1 |
Rs.74.14 |
|
Euro |
1 |
Rs.65.78 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.