MIRA INFORM REPORT

 

 

Report Date :

15.07.2011

 

IDENTIFICATION DETAILS

 

Name :

OXFORD INSTRUMENTS PLASMA TECHNOLOGY LIMITED

 

 

Registered Office :

Tubney Woods, Abingdon, Oxon, Ox13 5qx.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

18.08.1981

 

 

Com. Reg. No.:

01581072

 

 

Legal Form :

Private Limited

 

 

Line of Business :

The research, development, manufacture and sale of advanced instrumentation.

 

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

 

Maximum Credit Limit :

GBP 250,000

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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 Identification Details

 

Subject Reported on

OXFORD INSTRUMENTS PLASMA TECHNOLOGY LIMITED

Registration Number

01581072

Address

NORTH END ROAD, YATTON, BRISTOL, AVON, BS49 4AP.

Telephone

01934 837000

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 250,000

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

01581072

Subject Status

Trading

Date of Incorporation

18/08/1981

Registered Office

TUBNEY WOODS, ABINGDON, OXON, OX13 5QX.

History

17/01/2007 : The Registered Office address changed from OLD STATION WAY, EYNSHAM, WITNEY, OXFORDSHIRE.

 

18/01/2001 : The Registered Office address changed from OLD STATION WAY, EYNSHAM, WITNEY, OXON, OX8.

 

1/09/1999 : Change of name from OXFORD PLASMA TECHNOLOGY LIMITED.

 

30/04/1991 : Change of name from PLASMA TECHNOLOGY (U.K.) LIMITED.

 

16/10/1990 : Change of name from PLASMA TECHNOLOGY (U.K.) LIMITED.

 

31/12/1981 : Change of name from HANDWEST LIMITED.

 

21/09/1981 : Change of name from HANDWEST LIMITED.

Date of Last Annual Return to Registry

16/07/2010

Registered Objectives

TO CARRY ON BUSINESS AS MANUFACTURERS

Accounts

The last filed accounts at Companies House are those to 31/03/2010

Accounting Reference Date

31/03

 

 

 

Operations

 

 

Activities

The research, development, manufacture and sale of advanced instrumentation.

Nace Code

3320

Premises

Owned,Offices

Staff Employed

157

Import Countries

EUROPE, USA

Export Countries

EUROPE, USA

Bankers

BARCLAYS BANK PLC

Address

30 HIGH STREET, NEWPORT PAGNELL, BUCKS, MK16 8AL.

Auditors

KPMG Audit PLC

Branches

OFFICES IN, GERMANY FRANCE CALIFORNIA, AND NETHERLANDS.

 

NORTH END RD, YATTON BRISTOL, AVON, BS49 4AP.

Associated Companies

PLASMA TECHNOLOGY GMBH, a company incorporated in   GERMANY

 

PLASMA TECHNOLOGY SARL, a company incorporated in   FRANCE

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

2

9

12

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

30/06/2011

Miscellaneous

15/04/2011

Other credit granting

06/04/2011

Other retail sale in specialised stores

05/04/2011

Other credit granting

07/03/2011

Other credit granting

02/03/2011

Other retail sale in specialised stores

11/02/2011

Wholesale of solid, liquid and gaseous fuels and related products

04/02/2011

Activities of business and employers organisations

13/01/2011

Other credit granting

30/09/2010

Other credit granting

09/09/2010

Treatment and coating of metals

29/07/2010

Other financial intermediation not elsewhere classified

30/06/2010

Other credit granting

 

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

Total Number of Mortgages/Charges Registered

12

Number Outstanding

0

Number Partially Satisfied

0

Number Satisfied

12

 

 

Date of Latest Mortgage Created

26/11/2007

Date of Latest Satisfaction

13/01/2011

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

13/01/2011

05/12/2007

26/11/2007

Legal Mortgage

395

Hsbc Bank Plc, (As Agent And Security Trustee For Itself And

13/01/2011

01/12/2007

26/11/2007

Legal Charge Over Sale And Purchase Agreement

395

Hsbc Bank Plc (As Agent And Security Trustee For Itself And

13/01/2011

01/12/2007

26/11/2007

Legal Charge Over Patents And Related Intellectual Property ....

395

Hsbc Bank Plc (As Agent And Security Trustee For Itself And

06/10/2000

24/09/1985

06/09/1985

Second Legal Mortgage

N/A

Hill Samuel & Co. Limited

06/10/2000

21/08/1985

15/08/1985

Mortgage

N/A

Investors In Industry Plc.

 

30/08/1984

24/08/1984

Debenture

N/A

Hill Samuel & Company Limited

 

14/06/1983

02/06/1983

Mortgage Debenture

N/A

National Westminster Bank Plc

 

14/06/1983

02/06/1983

Legal Mortgage

N/A

National Westminster Bank Plc

 

24/12/1981

08/12/1981

Legal Charge

N/A

Midland Bank Plc

02/10/1984

 

02/06/1983

Legal Charge

N/A

 

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

14/01/2011

Companies House Gazette

Notification of any change among the company's directors

06/10/2009

Companies House Gazette

Notification of any change among the company's directors

22/07/2008

Companies House Gazette

Change among directors of a company

13/02/2007

Companies House Gazette

Change among directors of a company

12/02/2007

Companies House Gazette

Change among directors of a company

18/10/2006

Companies House Gazette

Change among directors of a company

29/09/2006

Companies House Gazette

Change among directors of a company

03/04/2006

Companies House Gazette

Change among directors of a company

06/02/2006

Companies House Gazette

Change among directors of a company

23/11/2005

Companies House Gazette

Change among directors of a company

16/05/2005

Companies House Gazette

Change among directors of a company

06/04/2005

Companies House Gazette

Change among directors of a company

01/02/2005

Companies House Gazette

Change among directors of a company

26/11/2004

Companies House Gazette

Change among directors of a company

22/11/2004

Companies House Gazette

Change among directors of a company

02/10/2003

Companies House Gazette

Change among directors of a company

01/08/2003

Companies House Gazette

Change among directors of a company

05/03/2002

Companies House Gazette

Change among directors of a company

14/04/2000

Companies House Gazette

Change among directors of a company

08/03/2000

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

SUSAN KAREN JOHNSON-BRETT

Service Address

TUBNEY WOODS, ABINGDON, OXON, OX13 5QX.

Country of Origin

UNITED KINGDOM

Date of Birth

27/12/1961

Appointment Date

15/01/2007

 

 

 

Directors

 

 

Director

MR THOMAS CURTIS

Service Address

TUBNEY WOODS, ABINGDON, OXON, OX13 5QX.

Country of Origin

UNITED KINGDOM

Date of Birth

20/03/1970

Appointment Date

04/01/2011

Other Directorships

OXFORD MAGNET TECHNOLOGY LIMITED, OXFORD INSTRUMENTS INNOVATION LIMITED, OXFORD SEMICON LIMITED, NANOTECHNOLOGY TOOLS LIMITED, OXFORD INSTRUMENTS INDUSTRIAL PRODUCTS LIMITED, OXFORD ELECTRONIC INSTRUMENTS LIMITED, OXBRIDGE INSTRUMENTS LIMITED, OXFORD INSTRUMENTS SUPERCONDUCTIVITY LIMITED, LINK ANALYTICAL LIMITED, OXFORD INSTRUMENTS INDUSTRIAL ANALYSIS LIMITED, PLASMA TECHNOLOGY (UK) LIMITED, RESONANCE INSTRUMENTS LTD., OXFORD INSTRUMENTS SYNCHROTRON RESEARCH LIMITED, OXFORD INSTRUMENTS PENSION TRUSTEE LIMITED, OXFORD INSTRUMENTS ANALYTICAL LIMITED, OXFORD INSTRUMENTS MOLECULAR BIOTOOLS LIMITED


Financial Director


KEVIN JAMES BOYD

Service Address

TUBNEY WOODS, ABINGDON, OXON, OX13 5QX.

Country of Origin

UNITED KINGDOM

Date of Birth

02/09/1964

Appointment Date

01/02/2007

Other Directorships

OXFORD MAGNET TECHNOLOGY LIMITED, OXFORD INSTRUMENTS INNOVATION LIMITED, OXFORD SEMICON LIMITED, OXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS LIMITED, OXFORD INSTRUMENTS PLC, NANOTECHNOLOGY TOOLS LIMITED, OXFORD INSTRUMENTS NANOSCIENCE LIMITED, OXFORD INSTRUMENTS INDUSTRIAL PRODUCTS LIMITED, OXFORD ELECTRONIC INSTRUMENTS LIMITED, OXFORD INSTRUMENTS NANOANALYSIS LIMITED, OXBRIDGE INSTRUMENTS LIMITED, OXFORD INSTRUMENTS SUPERCONDUCTIVITY LIMITED, LINK ANALYTICAL LIMITED, OXFORD INSTRUMENTS INDUSTRIAL ANALYSIS LIMITED, OXFORD INSTRUMENTS OVERSEAS MARKETING LIMITED, PLASMA TECHNOLOGY (UK) LIMITED, RESONANCE INSTRUMENTS LTD., OXFORD INSTRUMENTS SYNCHROTRON RESEARCH LIMITED, OXFORD INSTRUMENTS OVERSEAS HOLDINGS LIMITED, OXFORD INSTRUMENTS ANALYTICAL LIMITED, OXFORD INSTRUMENTS INDUSTRIAL PRODUCTS HOLDINGS LIMITED, OXFORD INSTRUMENTS NANOTECHNOLOGY TOOLS HOLDINGS LIMITED, OXFORD INSTRUMENTS MOLECULAR BIOTOOLS LIMITED, OXFORD INSTRUMENTS OVERSEAS HOLDINGS 2008 LIMITED, OXFORD INSTRUMENTS HOLDINGS EUROPE LIMITED, BROOMCO (4232) LIMITED, GUIDANCE NAVIGATION HOLDINGS LIMITED

 

 

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 0.10

Issued Number

545,544

Principal Shareholder

545,543 Oxford Instruments Analytical Holdings Ltd

 

1 Oxford Instruments Superconductivity Ltd

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

Holding Company

OXFORD INSTRUMENTS PLC

Ultimate Parent

OXFORD INSTRUMENTS PLC

 

 

 

Financial Data– Statutory Accounts

 

 

For annual accounts images, view the

 

Profit and Loss

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2010

31/03/2009

31/03/2008

31/03/2007

Currency

GBP

GBP

GBP

GBP

SALES

37398

33088

25815

20878

UK sales

1750

3254

2184

1767

Export

35648

29834

23631

19111

Cost of goods sold

22758

19401

18438

14399

GROSS PROFIT

14640

13687

7377

6479

Wages and Salaries

5724

5477

4893

4106

Directors Emoluments

441

491

317

301

Auditors Fees

16

17

15

14

Trading Profit

4592

3387

437

(309)

Depreciation

755

618

544

451

OPERATING PROFIT

3837

2769

(107)

(760)

Interest Payable

35

69

392

373

PRE TAX PROFIT

3802

2700

(499)

(1133)

Taxation

 

854

(701)

(82)

PROFIT AFTER TAX

3802

1846

202

(1051)

RETAINED PROFITS

3802

1846

202

(1051)

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2010

31/03/2009

31/03/2008

31/03/2007

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

3575

3692

3231

3390

Tangible Assets

3575

3692

3169

3206

Fixed Assets

3575

3692

3169

3053

Intermediate assets

 

 

 

153

Intangible Assets

 

 

62

184

TOTAL CURRENT ASSETS

24785

18471

16874

11036

Trade debtors

7901

7012

6140

4337

Stocks

6122

5504

4371

3998

Other Current Assets

10762

5955

6363

2701

Misc Current Assets

941

469

1097

521

Due From Group

1791

2732

5166

1981

Cash

8030

2754

100

199

TOTAL ASSETS

28360

22163

20105

14426

TOTAL CURRENT LIABILITIES

19949

17107

17368

12257

Trade creditors

6427

4481

3250

3068

Short Term Loans

8098

8558

10836

6505

Bank Overdraft

 

 

2836

6501

Due To Group

8098

8558

8000

4

Other Liabilities

5424

4068

3282

2684

WORKING CAPITAL

4836

1364

(494)

(1221)

TOTAL LONG TERM LIABS

766

1233

776

420

Other Liabilities

766

1233

776

420

NET ASSETS/(LIABILITIES)

7645

3823

1961

1749

SHARE CAPITAL + RESERVES

7645

3823

1961

1749

Share Cap + Sundry Res

367

367

367

367

Issued Share Capital

55

55

55

55

Sundry Reserves

312

312

312

312

Profit and Loss account

7278

3456

1594

1382

SHAREHOLDERS FUNDS

7645

3823

1961

1749

CAPITAL EMPLOYED

8411

5056

2737

2169

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2010

31/03/2009

31/03/2008

31/03/2007

Currency

GBP

GBP

GBP

GBP

Directors Remuneration

441

491

317

301

Auditors Remuneration

16

17

15

14

Liquid Assets

15931

9766

6240

4536

Net Working Capital

4836

1364

(494)

(1221)

Other Deferred Liabs

766

1233

776

420

Tangible Net Worth(T.N.W)

7645

3823

1899

1565

Equity

7645

3823

1961

1749

Number of Years Trading

29

28

27

26

Number of Employees

157

148

137

121

Profit per Employee

24216.6

18243.2

(3642.3)

(9363.6)

Sales per Employee

238203.8

223567.6

188430.7

172545.5

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/03/2010

31/03/2009

31/03/2008

31/03/2007

Current Ratio

1.2

1.1

1

0.9

Pre Tax Profit Margin%

10.2

8.2

(1.9)

(5.4)

Gross Profit%

39.1

41.4

28.6

31

Debtors Days (D.S.O)

77

77

87

76

Creditors Days (D.P.O)

63

49

46

54

Quick Ratio

0.9

0.8

0.7

0.6

W.I.P/Inventory Days

98.2

103.5

86.5

101.3

Return on Investment%

23.2

20.3

(0.8)

(8.8)

Return on Assets%

13.4

12.2

(2.5)

(7.9)

T.N.W/Total Assets%

27

17.2

9.4

10.8

Return on Capital%

45.2

53.4

(18.2)

(52.2)

Rtn on Shareholders Funds%

49.7

70.6

(25.4)

(64.8)

Working Capital/Sales%

12.9

4.1

(1.9)

(5.8)

Borrowing Ratio%

105.9

223.9

570.6

415.7

Equity Gearing%

36.9

20.8

10.8

13.8

Stock Turnover

6.1

6

5.9

5.2

Days Purchases Outstanding

103.1

84.3

64.3

77.8

Sales/Fixed Assets

10.5

9

8.1

6.8

 

 

 

Key Industry Sector Trends

 

 

Year

2010

2009

2008

2007

Sample Size

542

838

900

935

Pre-Tax Profit Margin

6.6

4.3

5.1

5.2

Current Ratio

2.5

2.3

2

2

Borrowing Ratio

42

21.5

50.2

46.7

Return on Capital

16.7

18.5

26.3

21.1

Creditors Days

42

39

50

46

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Manufacture of instruments and appliances for measuring, checking, testing, navigating

 

 

 

Financial Summary

 

 

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2010.

 

Turnover

Turnover has increased by 13 %, a growth of GBP 4,310,000 in the period.

 

Operating Profit

Totalled GBP 3,837,000. In the year prior a Profit of GBP 2,769,000 was achieved.

 

Pre Tax Profit

The subject's profit increased by 40 % in the year.

 

Working Capital

The company's working capital has increased by 255 % in the period.

 

Net Worth

Net worth has increased by 100 % and now stands at GBP 7,645,000.

 

Fixed Assets

The subject's fixed assets reduced during the year by GBP 117,000 to GBP 3,575,000 and are now 12 % of total assets compared with 16 % in the previous year.

 

Long Term Liabilities

The company's long term liabilities reduced during the period by 37 % and are now 10 % of net worth compared with 32 % in the previous period.

 

Long Term Liabilities

Long term liabilities are now 3 % of total liabilities compared with 6 % in the previous period.

 

Long Term Liabilities

Long term liabilities are 9 % of capital employed, a decrease of 15 % over the previous period.




 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.53

UK Pound

1

Rs.71.80

Euro

1

Rs.63.15

 

 

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.