MIRA INFORM REPORT

 

 

Report Date :           

13.12.2011

 

IDENTIFICATION DETAILS

 

Name :

UNITED SHIELD INTERNATIONAL LTD.

 

 

Registered Office :

56 South Way, Andover, SP10 5AF

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

11.04.2005

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

produces ballistic protection equipment

 

 

No. of Employees :

45 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 name & address 

 

United Shield International Ltd.

56 South Way

Andover, SP10 5AF

United Kingdom

Tel:       01264363606

Fax:      01264363666

Web:    www.unitedshield.com

           

 

Synthesis

 

Employees:                  45

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            Taxcontrol International Holding S A

Quoted Status:             Non-quoted Company

Incorporation Date:         11-Apr-2005     

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                3.8

 

 

Business Description     

 

United Shield International Ltd. produces ballistic protection equipment in the United Kingdom. The company’s product range includes ballistic, anti-fragmentation, commando and law enforcement helmets. It offers concealed body armour and tactical vests. Additionally, it sells hard armour plates and inserts. The company also provides helmet accessories that include visors, neck protectors, ballistic faceguards and covers. In addition, it offers bomb disposal equipment, including bomb suits, blast suppression blankets and blast resistant structures. It also provides overpressure- and shockwave-protected explosive ordnance disposal equipment that is resistant to fragmentation.

 

Industry

Industry            Miscellaneous Fabricated Products

ANZSIC 2006:    2599 - Other Manufacturing Not Elsewhere Classified

NACE 2002:      3663 - Other manufacturing not elsewhere classified

NAICS 2002:     3399 - Other Miscellaneous Manufacturing

UK SIC 2003:    3663 - Other manufacturing not elsewhere classified

US SIC 1987:    3999 - Manufacturing Industries, Not Elsewhere Classified

 

           


Key Executives   

 

 

Name

Title

Terence Francis Hand

Sales Director

Nigel John Tranah

Secretary

Paul Joseph Banducci

Director

 

 

Financial Summary    

 

FYE: 31-Dec-2010          USD (mil)

Key Figures    

Current Assets              3.06

Fixed Assets                 0.78

Total Liabilities               2.13

Net Worth                     1.35

 

Key Ratios      

Current Ratio                 1.44

Acid Test                      1.04

 

Registered No.(UK): 05420725

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123

 

Corporate Overview

 

Location

56 South Way

Andover, SP10 5AF

Hampshire County

United Kingdom

Tel:       01264363606

Fax:      01264363666

Web:    www.unitedshield.com

           

Sales GBP(mil):             NA

Assets GBP(mil):           2.5

Employees:                   45

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Fabricated Products

           

Registered Address:

56 South Way

Walworth Industrial Estate

Andover, SP10 5AF

United Kingdom

 

Incorporation Date:         11-Apr-2005

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       05420725

Director:                        Paul Joseph Banducci

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2599     -          Other Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

3663     -          Other manufacturing not elsewhere classified

 

NAICS 2002 Codes:

3399     -          Other Miscellaneous Manufacturing

 

US SIC 1987:

3999     -          Manufacturing Industries, Not Elsewhere Classified

 

UK SIC 2003:

3663     -          Other manufacturing not elsewhere classified

 

Business Description

United Shield International Ltd. produces ballistic protection equipment in the United Kingdom. The company’s product range includes ballistic, anti-fragmentation, commando and law enforcement helmets. It offers concealed body armour and tactical vests. Additionally, it sells hard armour plates and inserts. The company also provides helmet accessories that include visors, neck protectors, ballistic faceguards and covers. In addition, it offers bomb disposal equipment, including bomb suits, blast suppression blankets and blast resistant structures. It also provides overpressure- and shockwave-protected explosive ordnance disposal equipment that is resistant to fragmentation.

 

More Business Descriptions

·         Manufacturing.

·         Security Equipment Suppliers and Manufacturers

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

2.5

Current Assets:

2.0

 

Fixed Assets:

0.5

 

Long Term Debt:

0.0

 

Total Liabilities:

1.4

 

Issued Capital:

0.8

 

Working Capital:

0.6

 

Net Worth:

0.9

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

35.6%

 

Key Corporate Relationships

Auditor History

Cw Fellowes Ltd.

31-Dec-2009

Cw Fellowes Ltd.

31-Dec-2008

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

United Shield International Ltd.

United Shield International Ltd. 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Taxcontrol International Holding S A

Parent

 

 

 

 

 

 

United Shield International Ltd.

Subsidiary

Andover

United Kingdom

Miscellaneous Fabricated Products

 

45

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Paul Joseph Banducci

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Nigel John Tranah

 

Secretary

Company Secretary

 

Terence Francis Hand

 

Sales Director

Sales Executive

 

 

 

Directors and Shareholders Report

 

Main Office Address:
56 South Way
Andover
United Kingdom SP10 5AF

Tel: 01264363606
Fax: 01264363666
URL: www.unitedshield.com

Annual Return Date: 11 Apr 2011
Total Issued Capital (GBP 000): 750

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Terence Francis 
Hand

Current

25 Jan 1955

The Old Manse, West Street Broadwindsor, 
Beaminster, Dorset DT8 3QQ

11 Apr 2005

NA

Current:1
Previous:0
Disqualifications:0

 

Paul Joseph 
Banducci

Current

24 Mar 1958

144 Birchwood Avenue, Traverse City, 
Michigan, Mi 49684

30 Jan 2007

NA

Current:1
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Nigel John 
Tranah

Current

21 Jun 1951

45 Castle Street, 
Salisbury, Wiltshire SP1 3SS

11 Apr 2005

NA

Current:1
Previous:18
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

USI Holdings LLC

750000 Ordinary GBP 1.00

Ordinary

750,000

1.00

750,000.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.647573

0.641508

0.545576

0.499878

0.543438

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.1

0.4

0.1

0.1

0.1

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.638712

0.619253

0.695531

0.502361

0.510947

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.4

0.5

0.5

0.7

0.8

Intangible Assets

0.4

0.4

0.4

0.6

0.7

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.8

0.9

1.0

1.4

1.5

Total Stocks Work In Progress

0.9

0.8

2.6

1.1

0.8

Total Debtors

2.0

2.7

3.4

2.4

2.0

Cash and Equivalents

0.2

0.0

0.2

0.0

0.1

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

3.1

3.6

6.2

3.6

2.9

Total Assets

3.8

4.5

7.2

4.9

4.4

Other Current Liabilities

2.1

2.8

4.9

2.4

1.5

Total Current Liabilities

2.1

2.8

4.9

2.4

1.5

Group Loans (Long Term Liability)

0.0

0.0

-

-

-

Director Loans (Long Term Liability)

0.0

0.0

-

-

-

Hire Purchase (Long Term Liability)

0.0

0.0

-

-

-

Leasing (Long Term Liability)

0.0

0.0

-

-

-

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

-

-

-

Other Long Term Loans

0.0

0.0

-

-

-

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

-

-

-

Other Long Term Liabilities

0.0

0.0

1.5

1.5

1.7

Total Long Term Liabilities

0.0

0.0

1.5

1.5

1.7

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

1.2

1.2

1.1

1.5

1.5

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.5

0.4

-0.3

-0.5

-0.2

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

1.7

1.6

0.7

1.0

1.2

Net Worth

1.3

1.2

0.3

0.4

0.6

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.647573

0.641508

0.545576

0.499878

0.543438

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.638712

0.619253

0.695531

0.502361

0.510947

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.44

1.26

1.26

1.48

1.97

Liquidity Ratio

1.04

0.97

0.73

1.00

1.40

Equity Gearing

44.63%

36.60%

10.31%

20.50%

27.94%

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.42

UK Pound

1

Rs.81.92

Euro

1

Rs.69.94

 

 

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%)

 

 

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.