MIRA
INFORM REPORT
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Report Date : |
27.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PROCESS PLANT AND MACHINERY LTD. |
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Registered Office : |
Roomhouse Industrial Park Lockerbie, DG11 2RF |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
09.09.2003 |
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Com. Reg. No.: |
SC255706 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of other machinery for use in industry, trade and navigation |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRAs Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 and address
Process Plant And Machinery Ltd.
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Business
Description
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Wholesale machines for industry etc. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
3499 - Other Machinery and Equipment
Wholesaling Not Elsewhere Classified |
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NACE 2002: |
5187 - Wholesale of other machinery for
use in industry, trade and navigation |
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NAICS 2002: |
423490 - Other Professional Equipment and
Supplies Merchant Wholesalers |
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UK SIC 2003: |
5187 - Wholesale of other machinery for
use in industry, trade and navigation |
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US SIC 1987: |
508 - Machinery, Equipment, and Supplies |
Key Executives
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News
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Financial Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123
Corporate Overview
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Executives Report
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Directors and Shareholders Report
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Annual Return Date: 09 Sep 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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Current |
22 Mar 1947 |
Haas Grove Farm, |
09 Sep 2003 |
NA |
Current:4 |
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Current |
27 Dec 1947 |
Haas Grove Farm, |
09 Sep 2003 |
NA |
Current:3 |
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Current |
04 May 1971 |
Haas Side Farm, Haas Loaning, |
01 Aug 2004 |
NA |
Current:3 |
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Previous |
22 Dec 1960 |
2 Roberts Crescent, |
01 Aug 2004 |
31 May 2011 |
Current:2 |
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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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Current |
22 Mar 1947 |
Haas Grove Farm, |
09 Sep 2003 |
NA |
Current:4 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Oswalds Of Edinburgh Limited |
Previous |
24 Great King Street, |
09 Sep 2003 |
09 Sep 2003 |
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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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Gary Johnstone Bell |
12 Ordinary GBP 1.00 |
Ordinary |
12 |
1.00 |
12.00 |
30.00 |
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James Johnstone Bell |
12 Ordinary GBP 1.00 |
Ordinary |
12 |
1.00 |
12.00 |
30.00 |
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Janice J M Bell |
12 Ordinary GBP 1.00 |
Ordinary |
12 |
1.00 |
12.00 |
30.00 |
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Stephen Charles Salt |
4 Ordinary GBP 1.00 |
Ordinary |
4 |
1.00 |
4.00 |
10.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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CARE reiterates
Remi Process Plant Machinery
EquityBites: 13 October 2011
[What follows is the full text of the news story.]
13 October 2011 -
CARE said Thursday it had confirmed its BBB rating on the INR50m
(USD1m/EUR742,000) long-term bank facilities and A2 rating on the INR80m
short-term bank facilities of Indian engineering company Remi Process Plant and
Machinery Limited.
The ratings still
continue to reflect the modest business size of the company, as well as its
deteriorating operating margins and the large competition in the sector.
If the firm
manages to get orders and reinforce its operating margins, CARE might increase
its ratings.
((Comments on this
story may be sent to info@m2.com))
CARE reaffirms
BBB/A2 ratings on Remi Process Plant Machinery's bank facilities
Aii Data Processing Ltd: 13 October 2011
[What follows is the full text of the news story.]
(SeeNews) - Oct
13, 2011 - CARE said Thursday it had confirmed its BBB rating on the
INR-50-million (USD 1m/EUR 742,000) long-term bank facilities and A2 rating on
the INR-80-million short-term bank facilities of Indian engineering company
Remi Process Plant and Machinery Limited.
The ratings still
continue to reflect the modest business size of the company, as well as its
deteriorating operating margins and the large competition in the sector.
If the firm manages
to get orders and reinforce its operating margins, CARE might increase its
ratings.
(INR 100 = USD
2.036/EUR 1.482)
Rating agency
website: www.careratings.com
Annual Profit & Loss
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Financials in: USD (mil) |
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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 |
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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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Depreciation |
0.1 |
0.0 |
0.0 |
0.0 |
- |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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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 |
- |
- |
- |
- |
0.0 |
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Fixtures & Fittings |
- |
- |
- |
- |
0.0 |
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Plant & Vehicles |
- |
- |
- |
- |
0.0 |
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Total Tangible Fixed Assets |
3.8 |
3.3 |
2.7 |
1.4 |
0.0 |
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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 |
3.8 |
3.3 |
2.7 |
1.4 |
0.0 |
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Total Stocks Work In Progress |
1.3 |
1.0 |
0.9 |
0.5 |
0.8 |
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Total Debtors |
0.7 |
0.4 |
0.8 |
1.0 |
0.8 |
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Cash and Equivalents |
0.5 |
0.2 |
0.0 |
1.0 |
0.8 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
2.4 |
1.7 |
1.7 |
2.6 |
2.4 |
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Total Assets |
6.3 |
5.0 |
4.5 |
4.0 |
2.4 |
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Other Current Liabilities |
2.2 |
1.9 |
2.3 |
2.1 |
1.1 |
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Total Current Liabilities |
2.2 |
1.9 |
2.3 |
2.1 |
1.1 |
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Other Long Term Liabilities |
0.4 |
0.5 |
0.5 |
0.0 |
0.0 |
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Total Long Term Liabilities |
0.4 |
0.5 |
0.5 |
0.0 |
0.0 |
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Deferred Taxation |
- |
- |
- |
- |
0.0 |
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Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Retained Earnings |
3.7 |
2.7 |
1.7 |
1.9 |
1.3 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
3.7 |
2.7 |
1.7 |
1.9 |
1.3 |
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Net Worth |
3.7 |
2.7 |
1.7 |
1.9 |
1.3 |
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Annual Cash
Flows |
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Financials in:
USD (mil) |
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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 |
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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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Annual Ratios |
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Financials in:
USD (mil) |
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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 |
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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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Current Ratio |
1.12 |
0.90 |
0.76 |
1.24 |
2.14 |
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Liquidity Ratio |
0.54 |
0.36 |
0.35 |
1.00 |
1.43 |
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Equity Gearing |
58.90% |
53.20% |
38.33% |
48.38% |
52.82% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.52.82 |
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1 |
Rs.82.47 |
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Euro |
1 |
Rs.68.93 |
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 |
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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NB |
New Business |
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This score serves as a reference to assess SCs 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.