MIRA INFORM REPORT

 

 

Report Date :

16.05.2011

 

IDENTIFICATION DETAILS

 

Name :

POWER-ALL EUROPE LIMITED

 

 

Registered Office :

Freshfield, Cassia Green Marton, Winsford, Cheshire, CW7 2PZ.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

24.03.2006

 

 

Com. Reg. No.:

05755064

 

 

Legal Form :

Private Limited

 

 

Line of Business :

---

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

GBP 4,950

Status :

Small company

Payment Behaviour :

Unknown

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

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 Identification Details

 

Subject Reported on

POWER-ALL EUROPE LIMITED

Registration Number

05755064

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 4,950

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

05755064

Subject Status

Trading

Date of Incorporation

24/03/2006

Registered Office

FRESHFIELD, CASSIA GREEN MARTON, WINSFORD, CHESHIRE, CW7 2PZ.

Date of Last Annual Return to Registry

24/03/2010

Accounts

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

Accounting Reference Date

31/03

 

 

Operations

 

 

Nace Code

7487

 

 

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

0

 

Search History Details

 

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

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

Company Secretary

 

 

Secretary

MS CATHERINE DOROTHY WATSON

Service Address

FRESHFIELD, CASSIA GREEN MARTON, WINSFORD, CHESHIRE, CW7 2PZ.

Country of Origin

UNITED KINGDOM

Date of Birth

31/12/1948

Appointment Date

23/01/2008

 

 

Directors

 

 

Director

MR ROBIN CHARLES DRURY

Service Address

FRESHFIELD, CASSIA GREEN MARTON, WINSFORD, CHESHIRE, CW7 2PZ.

Country of Origin

UNITED KINGDOM

Date of Birth

12/04/1952

Appointment Date

24/03/2006

Other Directorships

POWER SOURCE ENGINE PARTS LIMITED

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

100

Principal Shareholder

100 Catherine Dorothy Watson

 

100 Robin Charles Drury

 

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

 

 

 

Financial Data– Statutory Accounts

 

 

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

 

For annual accounts images, view the Document Image list

 

 

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

3

1

 

 

Tangible Assets

3

1

 

 

TOTAL CURRENT ASSETS

40

39

19

8

Trade debtors

19

7

3

5

Stocks

10

19

16

2

Other Current Assets

11

13

 

1

Cash

11

13

 

1

TOTAL ASSETS

43

40

19

8

TOTAL CURRENT LIABILITIES

5

11

11

1

Trade creditors

5

11

11

1

WORKING CAPITAL

35

28

8

7

TOTAL LONG TERM LIABS

22

17

7

6

NET ASSETS/(LIABILITIES)

16

12

1

1

SHARE CAPITAL + RESERVES

16

12

1

1

Profit and Loss account

16

12

1

1

SHAREHOLDERS FUNDS

16

12

1

1

CAPITAL EMPLOYED

38

29

8

7

 

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

Liquid Assets

30

20

3

6

Net Working Capital

35

28

8

7

Other Deferred Liabs

22

17

7

6

Tangible Net Worth(T.N.W)

16

12

1

1

Equity

16

12

1

1

Number of Years Trading

4

3

2

1

 

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

8

3.5

1.7

8

Quick Ratio

6

1.8

0.3

6

T.N.W/Total Assets%

37.2

30

5.3

12.5

Equity Gearing%

59.3

42.9

5.6

14.3

 

 

Key Industry Sector Trends

 

 

Year

2011

2010

2009

2008

Sample Size

1209

99999

99999

99999

Pre-Tax Profit Margin

28.4

16.8

13.3

16.5

Current Ratio

1.7

1.7

1.9

1.8

Borrowing Ratio

59.6

33.5

39

44.6

Return on Capital

214.4

71.2

48.3

58.1

Creditors Days

151

274

273

216

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Miscellaneous business activities not elsewhere classified

 

 

Financial Summary

 

 

Auditors Qualification

The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.

 

No Turnover

The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.

 

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shown on the Balance Sheet is GBP 4,000 increase. This suggests that the Company may have made a post-tax profit of GBP 4,000.

 

Working Capital

The company's working capital has increased by 25 % in the period.

 

Net Worth

Net worth has increased by 33 % and now stands at GBP 16,000.

 

Fixed Assets

The subject's fixed assets increased during the year by GBP 2,000 to GBP 3,000 and are now 6 % of total assets compared with 2 % in the previous year.

 

Long Term Liabilities

The company's long term liabilities increased during the period by 29% and are now 138 % of net worth compared with 142 % in the previous period.

 

Long Term Liabilities

Long term liabilities are now 51 % of total liabilities compared with 43 % in the previous period.

 

Long Term Liabilities

Long term liabilities are 58 % of capital employed, a decrease of 1 % over the previous period.



 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.91

UK Pound

1

Rs.73.06

Euro

1

Rs.64.03

 

 

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.