MIRA
INFORM REPORT
|
Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
SENSOR HIGHWAY LIMITED |
|
|
|
|
Registered Office : |
Victory House Manor Royal, Crawley, |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Date of Incorporation : |
19.01.1996 |
|
|
|
|
Com. Reg. No.: |
03148432 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of equipment to collect data using fibre optic
sensors and is contracted to develop equipment on behalf of associated
companies. |
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 : |
£115,000 |
|
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 – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
|
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 |
SENSOR HIGHWAY LIMITED |
Company
Number |
03148432 |
|
Registered
Address |
VICTORY HOUSE MANOR ROYAL |
Trading
Address |
10 Duchess Street |
|
|
CRAWLEY |
|
|
|
|
WEST SUSSEX |
|
|
|
|
RH10 9LU |
|
|
|
Website
Address |
http://www.slb.com |
|
|
|
Telephone
Number |
- |
Fax
Number |
|
|
Head
Office |
8 The Quardrangle Abbey Park, Industrial Estate
Romsey, Southampton, SO51 9DL United Kingdom |
|
|
|
TPS |
- |
FPS |
No |
|
Incorporation
Date |
19/01/1996 |
Company
Status |
Active - Accounts Filed |
|
Previous
Name |
|
Type
|
Private limited with Share Capital |
|
|
|
Filing
Date of Accounts |
29/09/2010 |
|
Date
of Change |
- |
Share
Capital |
£17,290,429 |
|
Sic
Code |
1120 |
Currency
|
GBP |
|
Sic
Description |
SERVICE TO OIL & GAS EXTRACTION |
||
|
Principal
Activity |
Manufacture of equipment to collect data using fibre optic
sensors and is contracted to develop equipment on behalf of associated
companies. |
||
Credit limit
|
Limit |
£115,000 |
|
Contract Limit |
£3,550,000 |
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
There has been no significant change in the company's
credit limit. |
|
|
The previous 12 month trading period saw a rise in Sales
of 2.2%. |
|
|
In the previous 12 month trading period Net Worth
increased by 0.2%. |
|
|
A 13% decline in Total Assets occurred in the previous 12
month trading period. |
|
|
Pre-tax profits increased by 207.6% in the previous 12
month trading period. |
|
|
The company saw an increase in their Cash Balance of
999.9% in the previous 12 month trading period. |
|
Last 3 Years Credit Limit
|
Date |
Limit |
|
31/12/2010 |
£115,000 |
|
31/12/2009 |
£110,000 |
|
31/12/2008 |
£175,000 |
Key Financials
|
Year
to Date |
Turnover |
Pre
Tax Profit |
Shareholder
Funds |
Employees |
|
31/12/2009 |
£14,130,000 |
£213,000 |
£8,413,000 |
84 |
|
31/12/2008 |
£13,826,000 |
-£198,000 |
£8,394,000 |
100 |
|
31/12/2007 |
£13,628,000 |
£939,000 |
£7,961,000 |
95 |
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 |
0 |
|
Satisfied |
4 |
|
|
|
|
Total Current Directors |
4 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
19 |
Current Directors
|
Name |
Gilles Le Floch |
Date
of Birth |
03/04/1958 |
|
Officers
Title |
Mr |
Nationality |
French |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment
Date |
04/08/2009 |
|
|
|
Address |
120 Rue Des Bigauds, 78750,
Mareil-Marly, |
||
|
|
|
|
|
|
Name |
Rebecca Helen Martin |
Date
of Birth |
01/09/1971 |
|
Officers
Title |
Ms |
Nationality |
New Zealander |
|
Present
Appointments |
31 |
Function |
Director |
|
Appointment
Date |
09/10/2008 |
|
|
|
Address |
28 Mount Ash Road, , London, SE26 6LY |
||
|
|
|
|
|
|
Name |
Simon Smoker |
Date
of Birth |
05/07/1962 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
43 |
Function |
Director |
|
Appointment
Date |
09/10/2008 |
|
|
|
Address |
15 Maslen Mews, Beggarwood, Basingstoke,
RG22 4QP |
||
|
|
|
|
|
|
Name |
Pauline Droy |
Date
of Birth |
11/01/1959 |
|
Officers
Title |
Ms |
Nationality |
British |
|
Present
Appointments |
44 |
Function |
Director |
|
Appointment
Date |
01/05/2009 |
|
|
|
Address |
Fernleigh Wensley Road, Thundersley,
Benfleet, SS7 3DS |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Pauline Droy |
Date
of Birth |
- |
|
Officers
Title |
Ms |
Nationality |
British |
|
Present
Appointments |
44 |
Function |
Company Secretary |
|
Appointment
Date |
23/04/2004 |
|
|
|
Address |
Fernleigh, Wensley Road Thundersley,
Benfleet, SS7 3DS |
||
|
|
|
|
|
Top 20 Shareholders
|
Individual
Share Value |
|
|
SCHLUMBERGER OILFIELD UK PLC |
17,290,422 ORDINARY GBP 1.00 |
|
SCHLUMBERGER OILFIELD UK PLC |
7 CONVERTIBLE LOAN VOTING GBP 1.00 |
Profit & Loss
|
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 |
£14,130,000 |
2.2% |
£13,826,000 |
1.5% |
£13,628,000 |
-15.9% |
£16,214,000 |
6.5% |
£15,218,000 |
|
Export |
£12,509,000 |
-0.7% |
£12,602,000 |
26.7% |
£9,949,000 |
-33.7% |
£14,998,000 |
8.4% |
£13,832,000 |
|
Cost of Sales |
£12,441,000 |
15.1% |
£10,806,000 |
20.4% |
£8,978,000 |
-11.7% |
£10,165,000 |
5.8% |
£9,605,000 |
|
Gross Profit |
£1,689,000 |
-44.1% |
£3,020,000 |
-35.1% |
£4,650,000 |
-23.1% |
£6,049,000 |
7.8% |
£5,613,000 |
|
Wages & Salaries |
£4,992,000 |
-23.1% |
£6,495,000 |
7.5% |
£6,041,000 |
-3% |
£6,228,000 |
22.6% |
£5,082,000 |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating
Profit |
£214,000 |
182% |
-£261,000 |
-131.6% |
£825,000 |
-40.6% |
£1,390,000 |
225.6% |
-£1,107,000 |
|
Depreciation |
£329,000 |
-30.9% |
£476,000 |
5.8% |
£450,000 |
-3.8% |
£468,000 |
-14.9% |
£550,000 |
|
Audit Fees |
£29,000 |
61.1% |
£18,000 |
-10% |
£20,000 |
25% |
£16,000 |
6.7% |
£15,000 |
|
Interest Payments |
£1,000 |
- |
- |
-100% |
£43,000 |
- |
- |
-100% |
£641,000 |
|
Pre
Tax Profit |
£213,000 |
207.6% |
-£198,000 |
-121.1% |
£939,000 |
-36.6% |
£1,480,000 |
-1.3% |
£1,500,000 |
|
Taxation |
-£194,000 |
-130.7% |
£631,000 |
223% |
-£513,000 |
-999.9% |
£29,000 |
-96% |
£726,000 |
|
Profit After Tax |
£19,000 |
-95.6% |
£433,000 |
1.6% |
£426,000 |
-71.8% |
£1,509,000 |
-32.2% |
£2,226,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
£19,000 |
-95.6% |
£433,000 |
1.6% |
£426,000 |
-71.8% |
£1,509,000 |
-32.2% |
£2,226,000 |
Balance Sheet
|
Date
Of Accounts |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
(%) |
31/12/05 |
|
Tangible Assets |
£2,313,000 |
-22.6% |
£2,987,000 |
13.1% |
£2,642,000 |
-6.3% |
£2,820,000 |
203.6% |
£929,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£2,000 |
|
Total
Fixed Assets |
£2,313,000 |
-22.6% |
£2,987,000 |
13.1% |
£2,642,000 |
-6.3% |
£2,820,000 |
202.9% |
£931,000 |
|
Stock |
£1,675,000 |
-21.3% |
£2,128,000 |
17.2% |
£1,816,000 |
17.5% |
£1,546,000 |
45% |
£1,066,000 |
|
Trade Debtors |
£1,104,000 |
-54.6% |
£2,432,000 |
-32.8% |
£3,617,000 |
37.8% |
£2,625,000 |
-5.7% |
£2,785,000 |
|
Cash |
£276,000 |
999.9% |
£1,000 |
- |
£1,000 |
-88.9% |
£9,000 |
- |
0 |
|
Other Debtors |
£5,571,000 |
11% |
£5,019,000 |
35.2% |
£3,712,000 |
29% |
£2,878,000 |
-30.4% |
£4,137,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£8,626,000 |
-10% |
£9,580,000 |
4.7% |
£9,146,000 |
29.6% |
£7,058,000 |
-11.6% |
£7,988,000 |
|
Trade Creditors |
£145,000 |
-16.7% |
£174,000 |
-44.2% |
£312,000 |
-21.8% |
£399,000 |
-5.7% |
£423,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£697,000 |
40% |
£498,000 |
418.8% |
£96,000 |
-84.5% |
£621,000 |
-53.8% |
£1,344,000 |
|
Miscellaneous Current Liabilities |
£1,684,000 |
-51.1% |
£3,446,000 |
2.7% |
£3,355,000 |
168.8% |
£1,248,000 |
18.5% |
£1,053,000 |
|
Total
Current Liabilities |
£2,526,000 |
-38.7% |
£4,118,000 |
9.4% |
£3,763,000 |
65.9% |
£2,268,000 |
-19.6% |
£2,820,000 |
|
Bank Loans & Overdrafts and LTL |
0 |
-100% |
£55,000 |
-14.1% |
£64,000 |
-14.7% |
£75,000 |
2.7% |
£73,000 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Long Term Liabilities |
0 |
-100% |
£55,000 |
-14.1% |
£64,000 |
-14.7% |
£75,000 |
2.7% |
£73,000 |
Capital & Reserves
|
Date
Of Accounts |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
(%) |
31/12/05 |
|
Called Up Share Capital |
£17,290,000 |
- |
£17,290,000 |
- |
£17,290,000 |
- |
£17,290,000 |
- |
£17,290,000 |
|
P & L Account Reserve |
-£23,397,000 |
0.1% |
-£23,416,000 |
1.8% |
-£23,849,000 |
1.8% |
-£24,275,000 |
5.9% |
-£25,784,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£14,520,000 |
- |
£14,520,000 |
- |
£14,520,000 |
- |
£14,520,000 |
- |
£14,520,000 |
|
Shareholder
Funds |
£8,413,000 |
0.2% |
£8,394,000 |
5.4% |
£7,961,000 |
5.7% |
£7,535,000 |
25% |
£6,026,000 |
Other Financial Items
|
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
(%) |
31/12/05 |
|
|
Net
Worth |
£8,413,000 |
0.2% |
£8,394,000 |
5.4% |
£7,961,000 |
5.7% |
£7,535,000 |
25.1% |
£6,024,000 |
|
Working
Capital |
£6,100,000 |
11.7% |
£5,462,000 |
1.5% |
£5,383,000 |
12.4% |
£4,790,000 |
-7.3% |
£5,168,000 |
|
Total
Assets |
£10,939,000 |
-13% |
£12,567,000 |
6.6% |
£11,788,000 |
19.3% |
£9,878,000 |
10.8% |
£8,919,000 |
|
Total
Liabilities |
£2,526,000 |
-39.5% |
£4,173,000 |
9% |
£3,827,000 |
63.3% |
£2,343,000 |
-19% |
£2,893,000 |
|
Net
Assets |
£8,413,000 |
0.2% |
£8,394,000 |
5.4% |
£7,961,000 |
5.7% |
£7,535,000 |
25% |
£6,026,000 |
Miscellaneous
|
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
(%) |
31/12/06 |
(%) |
31/12/05 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£8,413,000 |
-0.4% |
£8,449,000 |
5.3% |
£8,025,000 |
5.5% |
£7,610,000 |
24.8% |
£6,099,000 |
|
Number of Employees |
84 |
-16% |
100 |
5.3% |
95 |
5.6% |
90 |
- |
90 |
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
||||||||
|
Auditor Comments |
The audit report contains no
adverse comments |
||||||||
|
Bankers |
BANK OF SCOTLAND |
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
31/12/09 |
31/12/08 |
31/12/07 |
31/12/06 |
31/12/05 |
|
|
Pre-tax profit margin % |
1.51 |
-1.43 |
6.89 |
9.13 |
9.86 |
|
Current ratio |
3.41 |
2.33 |
2.43 |
3.11 |
2.83 |
|
Sales/Net Working Capital |
2.32 |
2.53 |
2.53 |
3.38 |
- |
|
Gearing % |
0 |
0.70 |
0.80 |
1 |
1.20 |
|
Equity in % |
76.90 |
66.80 |
67.50 |
76.30 |
67.60 |
|
Creditor Days |
3.73 |
4.58 |
8.33 |
8.96 |
10.15 |
|
Debtor Days |
28.43 |
64.02 |
96.61 |
58.93 |
66.80 |
|
Liquidity/Acid Test |
2.75 |
1.80 |
1.95 |
2.43 |
2.45 |
|
Return On Capital Employed % |
2.53 |
-2.34 |
11.70 |
19.45 |
24.59 |
|
Return On Total Assets Employed % |
1.94 |
-1.57 |
7.96 |
14.98 |
16.82 |
|
Current Debt Ratio |
0.30 |
0.49 |
0.47 |
0.30 |
0.47 |
|
Total Debt Ratio |
0.30 |
0.49 |
0.48 |
0.31 |
0.48 |
|
Stock Turnover Ratio % |
11.85 |
15.39 |
13.33 |
9.53 |
7 |
|
Return on Net Assets Employed % |
2.53 |
-2.35 |
11.80 |
19.64 |
24.89 |
Event History
|
Date |
Description |
|
|
24/01/2011 |
Annual Returns |
|
|
08/10/2010 |
New Accounts Filed |
|
|
25/03/2010 |
Ms C.K. Boumba has left the board |
|
|
16/03/2010 |
Annual Returns |
|
|
24/02/2010 |
Annual Returns |
|
|
05/02/2010 |
Ms S.M. Rist has left the board |
|
|
13/01/2010 |
Mr A.J. Goldby has left the board |
|
|
30/09/2009 |
Change in Reg.Office |
|
|
30/09/2009 |
Change of Company Postcode |
|
|
21/09/2009 |
New Accounts Filed |
|
|
28/08/2009 |
Mr D.P. McCann has left the board |
|
|
25/08/2009 |
New Board Member Mr G. Le Floch appointed |
|
|
19/08/2009 |
New Board Member Ms C.K. Boumba appointed |
|
|
29/05/2009 |
New Board Member Ms P. Droy appointed |
|
|
22/05/2009 |
New Board Member Ms S.M. Rist appointed |
|
Limit History
|
Date |
Limit |
|
08/10/2010 |
£115,000 |
|
02/10/2010 |
- |
|
04/09/2010 |
£110,000 |
Previous Company Names
No Previous Names found
Group Structure Summary
|
Company
Name |
SENSOR HIGHWAY LIMITED |
Company
Number |
03148432 |
|
Holding
Company |
SCHLUMBERGER OILFIELD UK PLC |
Ownership
Status |
Wholly Owned |
|
Ultimate
Holding Company |
SCHLUMBERGER LIMITED |
Companies
in group |
48 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.45 |
|
|
1 |
Rs.72.90 |
|
Euro |
1 |
Rs.61.43 |
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.