MIRA INFORM REPORT

Report Date :

18.02.2011

IDENTIFICATION DETAILS

Name :	PERKINS ENGINES COMPANY LIMITED
Registered Office :	Eastfield, Peterborough, Pe1 5na
Country :	Great Britain
Financials (as on) :	31.12.2009
Date of Incorporation :	14.01.1987
Com. Reg. No.:	02089227
Legal Form :	Private limited with Share Capital
Line of Business :	Design, Manufacture and Sale of Diesel Engines.

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 :	£6,450,000
Status :	Good
Payment Behaviour :	Usually correct
Litigation :	Clear

Company summary

Company Name	PERKINS ENGINES COMPANY LIMITED	Company Number	02089227
Registered Address	EASTFIELD	Trading Address	Eastfield Peterborough PE1 5NA
	PETERBOROUGH
	PE1 5NA
Website Address	http://www.perkins.com
Telephone Number	01733583000	Fax Number	01733582240
TPS	No	FPS	Yes
Incorporation Date	14/01/1987	Company Status	Active - Accounts Filed
Previous Name	ALL WHEEL DRIVE (SALES) LIMITED	Type	Private limited with Share Capital
		Filing Date of Accounts	24/09/2010
Date of Change	12/02/1998	Share Capital	£768,945,000
Sic Code	2911	Currency	GBP
Sic Description	MANUFACTURE ENGINES & TURBINES, EXCEPT AIRCRAFT
Principal Activity	Design, manufacture and sale of diesel engines.

Credit Limit

Limit	£6,450,000
Contract Limit	£50,000,000

Commentary

Multiple CCJ's recorded against the company.
There has been no significant change in the company's credit rating.
The previous 12 month trading period saw a drop in Sales of 35.5%.
In the previous 12 month trading period Net Worth increased by 197.5%.
A 6.4% decline in Total Assets occurred in the previous 12 month trading period.
Pre-tax profits decreased by 794.3% in the previous 12 month trading period.
The company saw an decrease in their Cash Balance of 76.6% in the previous 12 month trading period.
The audit report contains no adverse comments.
The company has undergone recent changes in its directorships.
The company is part of a group.
The company was established over 24 years ago.

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/12/2009	£806,473,000	-£54,916,000	£256,001,000	2974
31/12/2008	£1,250,439,000	-£6,141,000	£156,302,000	3245
31/12/2007	£1,044,919,000	-£48,791,000	£154,555,000	3171

CCJ

Total Number of Exact CCJs -	2	Total Value of Exact CCJs -	£2,133
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	2	Total Value of Satisfied CCJs -	£3,029
Total Number of Writs -	0

Exact CCJ Details

Date	Court	Amount	Status	Case Number	Date Paid
15/12/2009	NORTHAMPTON CCBC	£467	Satisfied	9XJ36595	04/02/2010
25/11/2008	BOURNEMOUTH	£2,562	Satisfied	8BH04447	14/12/2009
14/06/2008	BURY	£312	Judgement	8BU01122	-
19/09/2007	READING	£1,821	Judgement	7RG04805	-

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	0
Satisfied	0

Total Current Directors	7
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	16

Current Directors

Name	Allan Arnott	Date of Birth	24/09/1948
Officers Title	Mr	Nationality	British
Present Appointments	11	Function	Director
Appointment Date	09/10/2006
Address	The Old Rectory,  Church Street North Luffenham,  Oakham,  LE15 8JR
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Nigel John Burroughs	Date of Birth	20/07/1964
Officers Title	Mr	Nationality	British
Present Appointments	35	Function	Director
Appointment Date	16/03/2009
Address	45 Farleigh Fields,  Orton Wistow,  Peterborough,  PE2 6YB
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Giles Anthony Parsons	Date of Birth	28/05/1955
Officers Title	Mr	Nationality	British
Present Appointments	11	Function	Director
Appointment Date	16/03/2009
Address	3 Ventnor Road,  ,  Leicester,  LE2 3RL
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Adrian Robert Heath	Date of Birth	22/06/1959
Officers Title	Mr	Nationality	British
Present Appointments	7	Function	Director
Appointment Date	16/03/2009
Address	15 Empingham Road,  ,  Stamford,  PE9 2RJ
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Gwenne Anne Henricks	Date of Birth	21/11/1957
Officers Title	Mrs	Nationality	American
Present Appointments	11	Function	Director
Appointment Date	01/01/2009
Address	220b Broadway,  ,  Peterborough,  PE1 4DT
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Kyle Joseph Epley	Date of Birth	25/08/1972
Officers Title	Mr	Nationality	American
Present Appointments	1	Function	Director
Appointment Date	23/12/2010
Address	Eastfield,  Peterborough,  ,  PE1 5NA
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Paul Antony Clegg	Date of Birth	22/09/1959
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/11/2010
Address	Eastfield,  Peterborough,  ,  PE1 5NA
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Janette Margaret Nicholls	Date of Birth	24/01/1957
Officers Title	Mrs	Nationality
Present Appointments	47	Function	Company Secretary
Appointment Date	12/03/2001
Address	6 Clay Lane,  Castor,  Peterborough,  PE5 7AT
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Individual Share Value
CATERPILLAR UK HOLDING COMPANY LIMITED	768,945,000 ORDINARY GBP 1.00

Profit & Loss

Date Of Accounts	31/12/09			(%)	31/12/08			(%)	31/12/07			(%)	31/12/06			(%)	31/12/05
Weeks	52			(%)	52			(%)	52			(%)	52			(%)	52
Currency	GBP			(%)	GBP			(%)	GBP			(%)	GBP			(%)	GBP
Consolidated A/cs	N			(%)	N			(%)	N			(%)	N			(%)	N
Turnover	£806,473,000			-35.5%	£1,250,439,000			19.7%	£1,044,919,000			7.8%	£969,053,000			7.1%	£904,920,000
Export	£510,346,000			-36.2%	£799,502,000			16.1%	£688,512,000			7.9%	£637,813,000			14.8%	£555,437,000
Cost of Sales	£785,847,000			-30.7%	£1,134,722,000			20.7%	£939,762,000			8.6%	£865,436,000			3.1%	£839,800,000
Gross Profit	£20,626,000			-82.2%	£115,717,000			10%	£105,157,000			1.5%	£103,617,000			59.1%	£65,120,000
Wages & Salaries	£128,513,000			-19%	£158,580,000			7.5%	£147,484,000			13.8%	£129,543,000			16.5%	£111,234,000
Directors Emoluments	£998,000			-19.7%	£1,243,000			0.1%	£1,242,000			14%	£1,089,000			4%	£1,047,000
Operating Profit		-£51,006,000	-999.9%			£5,215,000	115.7%			-£33,262,000	27.9%			-£46,143,000	26.3%			-£62,567,000
Depreciation		£34,118,000	17.7%			£28,999,000	-10.7%			£32,489,000	0.8%			£32,245,000	-14.8%			£37,830,000
Audit Fees		£272,000	-20.9%			£344,000	18.2%			£291,000	-4.6%			£305,000	31.5%			£232,000
Interest Payments		£3,910,000	-66.7%			£11,748,000	-24.6%			£15,571,000	67%			£9,325,000	-42.3%			£16,169,000
Pre Tax Profit		-£54,916,000	-794.3%			-£6,141,000	87.4%			-£48,791,000	12%			-£55,468,000	26.2%			-£75,178,000
Taxation		£28,948,000	502.6%			£4,804,000	-7.4%			£5,186,000	134.1%			-£15,203,000	-169.3%			£21,952,000
Profit After Tax		-£25,968,000	-999.9%			-£1,337,000	96.9%			-£43,605,000	38.3%			-£70,671,000	-32.8%			-£53,226,000
Dividends Payable		-	-			-	-			-	-			-	-			-
Retained Profit		-£25,968,000	-999.9%			-£1,337,000	96.9%			-£43,605,000	38.3%			-£70,671,000	-32.8%			-£53,226,000

Balance Sheet

Date Of Accounts		31/12/09		(%)		31/12/08		(%)		31/12/07		(%)		31/12/06		(%)		31/12/05
Tangible Assets		£227,098,000		11.9%		£202,913,000		8%		£187,894,000		1%		£186,039,000		-0.7%		£187,308,000
Intangible Assets		£71,702,000		-24%		£94,346,000		-19.4%		£116,990,000		-16.2%		£139,634,000		-14%		£162,278,000
Total Fixed Assets		£298,800,000		0.5%		£297,259,000		-2.5%		£304,884,000		-6.4%		£325,673,000		-6.8%		£349,586,000
Stock		£88,783,000		-31.8%		£130,154,000		22.7%		£106,107,000		12.2%		£94,592,000		10.8%		£85,365,000
Trade Debtors		£72,478,000		9.5%		£66,200,000		-18.5%		£81,196,000		20.2%		£67,558,000		29.2%		£52,299,000
Cash		£104,000		-76.6%		£444,000		-19.1%		£549,000		-40.6%		£924,000		-53.3%		£1,979,000
Other Debtors		£142,029,000		-4.7%		£149,060,000		64.4%		£90,646,000		25.8%		£72,037,000		-28.2%		£100,335,000
Miscellaneous Current Assets		0		-		0		-		0		-		0		-		0
Total Current Assets		£303,394,000		-12.3%		£345,858,000		24.2%		£278,498,000		18.5%		£235,111,000		-2%		£239,978,000
Trade Creditors		£60,398,000		-36.8%		£95,499,000		15.8%		£82,496,000		13.2%		£72,857,000		1.2%		£71,964,000
Bank Loans & Overdrafts		0		-		0		-		0		-100%		£6,132,000		91.4%		£3,203,000
Other Short Term Finance		£122,439,000		-38.3%		£198,433,000		196.5%		£66,918,000		67.3%		£39,993,000		70%		£23,526,000
Miscellaneous Current Liabilities		£25,502,000		-52.2%		£53,296,000		8.1%		£49,285,000		7%		£46,058,000		20.5%		£38,211,000
Total Current Liabilities		£208,339,000		-40%		£347,228,000		74.8%		£198,699,000		20.4%		£165,040,000		20.6%		£136,904,000
Bank Loans & Overdrafts and LTL		£137,854,000		-1.2%		£139,587,000		-39.3%		£230,128,000		11.9%		£205,708,000		7.8%		£190,812,000
Other Long Term Finance		£120,497,000		6.5%		£113,171,000		-47.3%		£214,675,000		15%		£186,693,000		8.1%		£172,641,000
Total Long Term Liabilities	£137,854,000		-1.2%		£139,587,000		-39.3%		£230,128,000		15.3%		£199,576,000		6.4%		£187,609,000

Capital & Reserves

Date Of Accounts	31/12/09	(%)	31/12/08	(%)	31/12/07	(%)	31/12/06	(%)	31/12/05
Called Up Share Capital	£768,945,000	19%	£646,000,000	-	£646,000,000	-	£646,000,000	-	£646,000,000
P & L Account Reserve	-£512,944,000	-4.7%	-£489,698,000	0.4%	-£491,445,000	-9.3%	-£449,832,000	-18.1%	-£380,949,000
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£256,001,000	63.8%	£156,302,000	1.1%	£154,555,000	-21.2%	£196,168,000	-26%	£265,051,000

Other Financial Items

Date Of Accounts	31/12/09	(%)	31/12/08	(%)	31/12/07	(%)	31/12/06	(%)	31/12/05
Net Worth	£184,299,000	197.5%	£61,956,000	64.9%	£37,565,000	-33.6%	£56,534,000	-45%	£102,773,000
Working Capital	£95,055,000	999.9%	-£1,370,000	-101.7%	£79,799,000	13.9%	£70,071,000	-32%	£103,074,000
Total Assets	£602,194,000	-6.4%	£643,117,000	10.2%	£583,382,000	4%	£560,784,000	-4.9%	£589,564,000
Total Liabilities	£346,193,000	-28.9%	£486,815,000	13.5%	£428,827,000	17.6%	£364,616,000	12.4%	£324,513,000
Net Assets	£256,001,000	63.8%	£156,302,000	1.1%	£154,555,000	-21.2%	£196,168,000	-26%	£265,051,000

Cash Flow

Date Of Accounts	31/12/09	(%)	31/12/08	(%)	31/12/07	(%)	31/12/06	(%)	31/12/05
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/12/09	(%)	31/12/08	(%)	31/12/07	(%)	31/12/06	(%)	31/12/05
Contingent Liability	YES	-	YES	-	YES	-	YES	-	YES
Capital Employed	£393,855,000	33.1%	£295,889,000	-23.1%	£384,683,000	-2.8%	£395,744,000	-12.6%	£452,660,000
Number of Employees	2974	-8.4%	3245	2.3%	3171	3.5%	3063	3.9%	2949
Auditors	PRICEWATERHOUSECOOPERS LLP
Auditor Comments	The audit report contains no adverse comments
Bankers	LLOYDS TSB BANK PLC
Bank Branch Code

Ratios

Date Of Accounts		31/12/09	31/12/08	31/12/07	31/12/06	31/12/05
Pre-tax profit margin %		-6.81	-0.49	-4.67	-5.72	-8.31
Current ratio		1.46	1	1.40	1.42	1.75
Sales/Net Working Capital		8.48	-912.73	13.09	13.83	-
Gearing %		53.80	89.30	148.90	104.90	72
Equity in %		48.30	28.50	33.10	46.60	62
Creditor Days		27.26	27.79	28.73	27.37	29.03
Debtor Days		32.71	19.27	28.28	25.38	21.09
Liquidity/Acid Test		1.03	0.62	0.86	0.85	1.13
Return On Capital Employed %		-13.94	-2.07	-12.68	-14.02	-16.61
Return On Total Assets Employed %		-9.11	-0.95	-8.36	-9.89	-12.75
Current Debt Ratio		0.81	2.22	1.28	0.84	0.52
Total Debt Ratio		1.35	3.11	2.77	1.85	1.22
Stock Turnover Ratio %		11	10.40	10.15	9.76	9.43
Return on Net Assets Employed %	-21.45	-3.92	-31.56	-28.28	-28.36

Status History

No Status History found

Event History

Date	Description
25/01/2011	Mr D.M. Murphy has left the board
25/01/2011	New Board Member Mr P.A. Clegg appointed
25/01/2011	New Board Member Mr K.J. Epley appointed
27/12/2010	Mr E.J. Mickel has left the board
02/10/2010	New Accounts Filed
21/04/2010	Annual Returns
05/11/2009	New Accounts Filed
05/11/2009	New Accounts Filed
02/04/2009	Mr M.J. Baunton has left the board
26/03/2009	New Board Member Mr A.R. Heath appointed
26/03/2009	New Board Member Mr E.J. Mickel appointed
26/03/2009	New Board Member Mr G.A. Parsons appointed
26/03/2009	New Board Member Mr N.J. Burroughs appointed
15/03/2009	Annual Returns
21/01/2009	Mr H.A. Haefeli has left the board

Previous Company Names

Date	Previous Name	Companies House Documents
12/02/1998	ALL WHEEL DRIVE (SALES) LIMITED
11/11/1987	ALL WHEEL DRIVE LIMITED
28/07/1987	ARROWCITY LIMITED

Group Structure Summary

Company Name	PERKINS ENGINES COMPANY LIMITED	Company Number	02089227
Holding Company	CATERPILLAR UK ENGINES COMPANY LIMITED	Ownership Status	Wholly Owned
Ultimate Holding Company	CATERPILLAR INC.	Companies in group	49

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.38
UK Pound	1	Rs.73.08
Euro	1	Rs.61.60

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 Company	----

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%)

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