MIRA INFORM REPORT
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Report Date : |
15.12.2011 |
IDENTIFICATION DETAILS
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Name : |
BRUDERER UK LTD. |
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Registered Office : |
Cradock Road, Luton, LU4 0JF |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
05.09.1968 |
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Com. Reg. No.: |
00938338 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
independent supplier of stamping tools and
equipment |
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No. of Employees
: |
10 persons |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment
Behaviour : |
No Complaints |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
Bruderer UK Ltd.
Craddock Road
Luton, LU4 0JF
United Kingdom
Tel: 01582 560300
Fax: 01582 570611
Synthesis
Employees: 10
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Bruderer Ag
Quoted Status: Non-quoted Company
Incorporation Date:
05-Sep-1968
Auditor: Mercer & Hole
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 2.9
1
Net Income: 0.0
Total Assets: 2.9
Business Description
Founded in 1943,
BRUDERER UK Ltd. is an independent supplier of stamping tools and equipment.
The company’s range of products includes punching presses, feed units,
controls, overhauling machines and related accessories. Its roller feed units
are driven by main shaft of the punching presses. In addition, it offers tool,
position and press force monitoring, energy control, feed length adjustment and
tool clamping systems. The company also provides project management, budgeting,
scheduling, commissioning and training services to its clients.
Industry
Industry Miscellaneous Capital Goods
ANZSIC 2006: 3739 - Other Goods
Wholesaling Not Elsewhere Classified
NACE 2002: 5114 - Agents
involved in the sale of machinery, industrial equipment, ships and aircraft
NAICS 2002: 425120 - Wholesale
Trade Agents and Brokers
UK SIC 2003: 5114 - Agents
involved in the sale of machinery, industrial equipment, ships and aircraft
US SIC 1987: 5099 - Durable
Goods, Not Elsewhere Classified
Key Executives
|
Name |
Title |
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John Victor Mcintosh Piercy |
Secretary |
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Adrian Manfred Bruderer |
Director |
|
Adrian Keith Haller |
Director |
Financial Summary
FYE: 31-Dec-2010 USD (mil)
Key Figures
Current Assets 1.86
Fixed Assets 1.04
Total Liabilities 1.49
Net Worth 1.39
Key Ratios
Current Ratio 1.25
Acid Test 0.78
Debt Gearing 1.16
Registered No.(UK): 00938338
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
Craddock Road
Luton, LU4 0JF
Bedfordshire County
United Kingdom
Tel: 01582 560300
Fax: 01582 570611
Sales GBP(mil): 1.9
Assets GBP(mil): 1.9
Employees: 10
Fiscal Year End: 31-Dec-2010
Industry: Miscellaneous
Capital Goods
Registered
Address:
Cradock Road
Luton, LU4 0JF
United Kingdom
Incorporation Date: 05-Sep-1968
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 00938338
Director: Adrian
Manfred Bruderer
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002 Codes:
5114 - Agents involved in the sale of machinery, industrial
equipment, ships and aircraft
NAICS 2002 Codes:
425120 - Wholesale Trade Agents and Brokers
US SIC 1987:
5099 - Durable Goods, Not Elsewhere Classified
UK SIC 2003:
5114 - Agents involved in the sale of machinery, industrial
equipment, ships and aircraft
Business
Description
Founded in 1943,
BRUDERER UK Ltd. is an independent supplier of stamping tools and equipment.
The company’s range of products includes punching presses, feed units,
controls, overhauling machines and related accessories. Its roller feed units
are driven by main shaft of the punching presses. In addition, it offers tool,
position and press force monitoring, energy control, feed length adjustment and
tool clamping systems. The company also provides project management, budgeting,
scheduling, commissioning and training services to its clients.
More Business
Descriptions
Founded in 1943,
BRUDERER UK Ltd. is an independent supplier of stamping tools and equipment.
The company’s range of products includes punching presses, feed units,
controls, overhauling machines and related accessories. Its roller feed units
are driven by main shafts of the punching presses. In addition, it offers tool,
position and press force monitoring, energy control, feed length adjustment and
tool clamping systems. The company also provides project management, budgeting,
scheduling, commissioning and training services to its clients. (Updated by
OneSource Information Services)
Press Tool and Jig Manufacturers and Distributors
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Corporate
Family |
Corporate
Structure News: |
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Bruderer UK Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Bruderer Ag |
Parent |
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Subsidiary |
Luton |
United Kingdom |
Miscellaneous Capital Goods |
2.9 |
10 |
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Executive report
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Board
of Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 01582 560300 |
Annual Return Date: 17 May 2011 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Adrian Keith |
Current |
05 Apr 1972 |
45 Shipton Close, |
01 Jan 2006 |
NA |
Current:1 |
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Adrian Manfred |
Current |
26 Jun 1944 |
8 Alleestrasse, |
01 Jan 2006 |
NA |
Current:1 |
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Adrian Keith |
Current |
05 Apr 1972 |
3 Discovery Close, |
01 Jan 2006 |
NA |
Current:2 |
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John Victor Mcintosh |
Current |
12 Jan 1951 |
59 Catchacre, |
01 Jan 2006 |
NA |
Current:2 |
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Markus Egon |
Previous |
03 Nov 1940 |
Bruecke-Berg, |
17 May 1992 |
31 Dec 2005 |
Current:0 |
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William Godfrey |
Previous |
24 Nov 1939 |
Rosneath Nettleden Road, Little Gaddesden, |
17 May 1992 |
31 Dec 2006 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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John Victor Mcintosh |
Current |
12 Jan 1951 |
59 Catchacre, |
17 May 1992 |
NA |
Current:2 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Bruderer AG |
199992 Ordinary GBP 1.00 |
Ordinary |
199,992 |
1.00 |
199,992.00 |
100.00 |
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William Godfrey Burrell |
8 Ordinary GBP 1.00 |
Ordinary |
8 |
1.00 |
8.00 |
<0.01 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
2.3 |
3.2 |
4.9 |
- |
- |
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Turnover (Exports) |
0.6 |
0.5 |
0.6 |
- |
- |
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Total Turnover |
2.9 |
3.7 |
5.5 |
- |
- |
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Cost of Sales |
2.0 |
2.6 |
4.2 |
- |
- |
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Gross Profit |
1.0 |
1.1 |
1.2 |
- |
- |
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Depreciation |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
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Other Expenses |
0.9 |
1.0 |
1.4 |
- |
- |
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Operating Profit |
0.0 |
0.1 |
- |
- |
- |
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Other Income |
0.0 |
0.0 |
0.0 |
- |
- |
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Interest Paid |
0.0 |
0.0 |
0.0 |
- |
- |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
- |
- |
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Discontinued Operations |
0.0 |
0.0 |
0.0 |
- |
- |
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Profit Before Taxes |
0.0 |
0.0 |
-0.2 |
- |
- |
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Tax Payable / Credit |
0.0 |
0.0 |
0.0 |
- |
- |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
- |
- |
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Dividends |
0.0 |
0.0 |
0.0 |
- |
- |
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Profit After Taxes |
0.0 |
0.0 |
-0.2 |
- |
- |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
- |
- |
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Audit Fees |
0.0 |
0.0 |
0.0 |
- |
- |
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Number of Employees |
- |
9 |
10 |
- |
- |
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Wages |
- |
0.7 |
0.8 |
- |
- |
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Social Security Costs |
- |
0.1 |
0.1 |
- |
- |
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Pensions |
- |
0.0 |
0.0 |
- |
- |
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Other Pension Costs |
- |
0.0 |
0.1 |
- |
- |
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Employees Remuneration |
- |
0.8 |
1.0 |
- |
- |
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Directors Emoluments |
- |
0.3 |
0.3 |
- |
- |
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Other Costs |
- |
0.0 |
0.0 |
- |
- |
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Directors Remuneration |
0.3 |
0.3 |
0.3 |
- |
- |
Annual Balance Sheet
Financials in: USD (mil)
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|
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 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.9 |
1.0 |
0.9 |
- |
- |
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Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
- |
- |
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Plant & Vehicles |
0.1 |
0.1 |
0.1 |
- |
- |
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Total Tangible Fixed Assets |
1.0 |
1.1 |
1.0 |
1.5 |
1.5 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
1.0 |
1.1 |
1.0 |
1.5 |
1.5 |
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Stocks |
- |
0.4 |
0.4 |
- |
- |
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Work in Progress |
- |
0.1 |
0.3 |
- |
- |
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Total Stocks Work In Progress |
0.7 |
0.5 |
0.8 |
1.0 |
1.0 |
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Trade Debtors |
0.7 |
0.5 |
0.6 |
- |
0.3 |
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Inter-Company Debtors |
- |
0.0 |
0.0 |
- |
- |
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Director Loans |
- |
0.0 |
0.0 |
- |
- |
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Other Debtors |
0.0 |
0.0 |
0.0 |
- |
2.0 |
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Total Debtors |
0.7 |
0.5 |
0.6 |
1.5 |
2.3 |
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Cash and Equivalents |
0.4 |
0.6 |
0.8 |
0.9 |
0.5 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
1.9 |
1.6 |
2.2 |
3.4 |
3.9 |
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Total Assets |
2.9 |
2.7 |
3.2 |
4.9 |
5.3 |
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Trade Creditors |
0.3 |
0.2 |
0.2 |
- |
- |
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Inter-Company Creditors |
0.8 |
0.6 |
1.2 |
- |
- |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
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Social Security/VAT |
0.1 |
0.1 |
0.1 |
- |
- |
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Other Current Liabilities |
0.3 |
0.3 |
0.2 |
2.8 |
3.1 |
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Total Current Liabilities |
1.5 |
1.3 |
1.8 |
2.8 |
3.1 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
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Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
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Other Long Term Loans |
0.0 |
0.0 |
0.0 |
- |
- |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
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Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Provisions |
0.0 |
0.0 |
0.1 |
0.2 |
0.1 |
|
Total Provisions |
0.0 |
0.0 |
0.1 |
0.2 |
0.1 |
|
Issued Capital |
0.3 |
0.3 |
0.3 |
0.4 |
0.4 |
|
Share Premium Accounts |
2.2 |
2.3 |
2.0 |
2.8 |
2.7 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
-1.1 |
-1.2 |
-1.1 |
-1.2 |
-1.1 |
|
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 |
1.4 |
1.4 |
1.2 |
1.9 |
2.1 |
|
Net Worth |
1.4 |
1.4 |
1.2 |
1.9 |
2.1 |
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 |
1.25 |
1.27 |
1.21 |
1.24 |
1.26 |
|
Liquidity Ratio |
0.78 |
0.88 |
0.78 |
0.88 |
0.92 |
|
Stock Turnover |
4.28 |
7.66 |
5.55 |
- |
- |
|
Credit Period (Days) |
82.09 |
49.70 |
48.30 |
- |
- |
|
Working Capital by Sales |
12.46% |
9.14% |
8.70% |
- |
- |
|
Trade Credit by Debtors |
0.46 |
0.47 |
0.42 |
- |
- |
|
Return on Capital |
1.37% |
2.51% |
-13.17% |
- |
- |
|
Return on Assets |
0.67% |
1.35% |
-5.62% |
- |
- |
|
Profit Margin |
0.65% |
0.97% |
-4.15% |
- |
- |
|
Return on Shareholders Funds |
1.39% |
2.59% |
-14.41% |
- |
- |
|
Borrowing Ratio |
61.45% |
49.62% |
102.78% |
- |
- |
|
Equity Gearing |
48.15% |
52.03% |
38.97% |
39.69% |
38.86% |
|
Debt Gearing |
1.16% |
2.99% |
- |
- |
- |
|
Interest Coverage |
0.78 |
1.38 |
-4.98 |
- |
- |
|
Sales by Tangible Assets |
2.85 |
3.41 |
4.39 |
- |
- |
|
Average Remuneration per Employee |
- |
0.1 |
0.1 |
- |
- |
|
Profit per Employee |
- |
0.0 |
0.0 |
- |
- |
|
Sales per Employee |
- |
0.4 |
0.4 |
- |
- |
|
Capital Employed per Employee |
- |
0.2 |
0.1 |
- |
- |
|
Tangible Assets per Employee |
- |
0.1 |
0.1 |
- |
- |
|
Total Assets per Employee |
- |
0.3 |
0.3 |
- |
- |
|
Employee Remuneration by Sales |
- |
21.37% |
17.56% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
55.60 |
32.98 |
25.91 |
- |
- |
|
Creditor Days (Sales Based) |
37.38 |
23.42 |
20.09 |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.58 |
|
UK Pound |
1 |
Rs.82.97 |
|
Euro |
1 |
Rs.69.89 |
RATING EXPLANATIONS
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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.