MIRA INFORM REPORT
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Report Date : |
03.11.2011 |
IDENTIFICATION DETAILS
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Name : |
MECMESIN LTD. |
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Registered Office : |
Newton House, Spring Copse Business Park, Slinfold, Horsham, RH13 0SZ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
14.03.1977 |
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Com. Reg. No.: |
01302639 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Manufacture instruments for measuring |
RATING & COMMENTS
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MIRA’s 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 30th, 2011
|
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 & address
Mecmesin Ltd.
Newton House
Spring Copse Business Park
Stane Street Slinfold
Horsham, RH13 0SZ
United Kingdom
Tel: 01403799979
Fax: 01403799975
Web: www.mecmesin.com
Synthesis
Employees: 48
Company Type: Private Parent
Corporate Family: 2
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
14-Mar-1977
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2010
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Total Assets: 2.3
Business Description
Manufacture instruments for measuring.
Industry
Industry Scientific and Technical
Instruments
ANZSIC 2006: 2419 - Other
Professional and Scientific Equipment Manufacturing
NACE 2002: 3320 - Manufacture
of instruments and appliances for measuring, checking, testing, navigating
and other
purposes, except industrial process control equipment
NAICS 2002: 334513 -
Instrument's and Related Products Manufacturing for Measuring, Displaying, and
Controlling
Industrial Process Variable
UK SIC 2003: 3320 - Manufacture of instruments and
appliances for measuring, checking, testing, navigating and other purposes,
except industrial process control equipment
US SIC 1987: 3823 - Industrial Instruments
for Measurement, Display, and Control of Process Variables; and
Related Products
Key Executives
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Name |
Title |
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Jenny Jones |
Marketing Manager |
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Anthony John Ogilvie |
Secretary |
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Paul Rowe |
IT Manager |
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David Dobbs |
Purchasing Manager |
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Wendy Holmes |
Personnel Manager |
news
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Title |
Date |
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Extended
Travel Stands Improve Elasticity Testing |
21-Sep-2011 |
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Mecmesin
Corporation Launches Website for North American Market |
27-Jun-2011 |
Financial Summary
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Registered No.(UK): 01302639
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6277937
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6592392
Corporate Overview
Location
Newton House
Spring Copse Business Park
Stane Street Slinfold
Horsham, RH13 0SZ
West Sussex County
United Kingdom
Tel: 01403799979
Fax: 01403799975
Web: www.mecmesin.com
Sales GBP(mil): NA
Assets GBP(mil): 1.5
Employees: 48
Fiscal Year End: 31-Mar-2010
Industry: Scientific
and Technical Instruments
Registered
Address:
Newton House
Spring Copse Business Park
Slinfold
Horsham, RH13 0SZ
United Kingdom
Incorporation Date: 14-Mar-1977
Company Type: Private
Parent
Quoted Status: Not
Quoted
Registered No.(UK): 01302639
Director: Carolyn
Oakley
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2419 - Other Professional and Scientific Equipment Manufacturing
NACE 2002 Codes:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
NAICS 2002 Codes:
334513 - Instrument's and Related Products Manufacturing for
Measuring, Displaying, and Controlling Industrial Process Variable
US SIC 1987:
3823 - Industrial Instruments for Measurement, Display, and
Control of Process Variables; and Related Products
UK SIC 2003:
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
Business
Description
Manufacture instruments for measuring.
More Business
Descriptions
Calibration Equipment Manufacturers
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Corporate
Family |
Corporate
Structure News: |
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Mecmesin Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Horsham |
United Kingdom |
Scientific and Technical Instruments |
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48 |
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Subsidiary |
Horsham |
United Kingdom |
Nonclassifiable Industries |
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Executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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IT Administrator |
Administration Executive |
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Secretary |
Company Secretary |
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Personnel Manager |
Human Resources Executive |
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Marketing Manager |
Marketing Executive |
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IT Manager |
Information Executive |
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Purchasing Manager |
Purchasing Executive |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 01403799979 |
Annual Return Date: 25 Aug 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 |
09 Nov 1965 |
73 Charlock Way, Southwater, |
01 Aug 2000 |
NA |
Current:1 |
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Current |
13 Jul 1964 |
53 Swindon Road, |
01 Aug 2000 |
NA |
Current:1 |
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Current |
12 May 1959 |
Hill House Cottage, Jeremys Lane Bolney, |
15 Sep 1991 |
NA |
Current:1 |
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Current |
15 Nov 1958 |
Hill House Cottage, Jeremys Lane Bolney, |
15 Sep 1991 |
NA |
Current:2 |
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Previous |
27 Sep 1922 |
21 Keswick Road, Bookham, |
15 Sep 1991 |
01 Nov 1997 |
Current:0 |
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Previous |
31 Oct 1950 |
Bridle Path Cottage Underhill Lane, Ditchling, |
15 Sep 1991 |
08 Jan 1997 |
Current:0 |
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Previous |
09 Sep 1961 |
27 Gaskyns Close, Rudgwick, |
15 Sep 1991 |
08 Jan 1997 |
Current:1 |
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Previous |
03 Sep 1951 |
75 The Crescent, Southwick, |
01 Aug 2000 |
11 Jun 2004 |
Current:0 |
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Previous |
19 Aug 1941 |
2 Selsey Road, |
16 Oct 1997 |
19 Aug 2005 |
Current:0 |
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Previous |
27 Sep 1938 |
5 Rhododendron Close, |
16 Oct 1997 |
13 Oct 2001 |
Current:0 |
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Previous |
26 Jul 1948 |
26 Roman Way, |
16 Oct 1997 |
01 Apr 2006 |
Current:4 |
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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 |
30 May 1957 |
75 Stanley Park Road, |
23 Nov 1999 |
NA |
Current:2 |
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Previous |
12 May 1959 |
Hill House Cottage, Jeremys Lane Bolney, |
15 Sep 1991 |
23 Nov 1999 |
Current:1 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Rt Secretarial Limited |
Current |
Abacus House, Wickhurst Lane, |
19 Oct 2006 |
NA |
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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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Carolyn Oakley |
202780 B Ordinary GBP 0.10 |
B Ordinary |
202,780 |
0.10 |
20,278.00 |
35.12 |
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Mary Geraldine Page |
5600 C Ordinary GBP 0.10 |
C Ordinary |
5,600 |
0.10 |
560.00 |
0.97 |
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Michelle Suzanne Wilde |
5600 C Ordinary GBP 0.10 |
C Ordinary |
5,600 |
0.10 |
560.00 |
0.97 |
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Robert J Oakley |
346170 A Ordinary GBP 0.10 |
A Ordinary |
346,170 |
0.10 |
34,617.00 |
59.95 |
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Shirly C Lakeway Jr |
17324 D Ordinary GBP 0.10 |
D Ordinary |
17,324 |
0.10 |
1,732.40 |
3.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Press Clippings
Mecmesin Corporation Launches Website for North
American Market
PR Web: 27 June 2011
[What follows is the full text of the news story.]
(PRWEB) June 27,
2011
Mecmesin
Corporation, a premier supplier of tensile, compression, material and torque
testing machines for quality control and product testing, has launched a new
website specifically for North American customers.
http://www.mecmesincorp.com
features a fresh new look & navigation, enabling customers to easily search
Mecmesin's extensive range of test equipment by test application, product
category or industry. An interactive map on the home page acts as a quick and
simple location tool to find Mecmesin�s local North American dealers
The �industry�
section provides an overview of test measurement within individual industry
sectors including packaging, medical, aerospace, automotive, textile, safety,
electronics, cosmetics, manual handling and engineering. The �test types�
section gives information relevant to specific tests including compression,
tension, closure torque, peel/adhesion, flexure/bend, tear, top-load, spring,
crimp-joint and coefficient of friction.
Case studies,
highlighting how Mecmesin customers are using force and torque test equipment
to solve their applications, are easily located via industry, test type and
product areas.
The website also
features a blog �Torque About Force� and a comprehensive Knowledge Center,
which offers a number of useful tools including conversion calculators, white
papers, frequently asked questions and a glossary.
Jenny Montgomery, Mecmesin�s
Marketing Manager commented: �I am sure our new website will help Mecmesin
Corporation develop our brand and increase our sales in this key market. We
have strong foundations in place to enable continued growth in the North
American market: over 30 years of profitable success, an unrivalled range of
incredibly reliable products which help manufacturers to save money by
optimizing product design and production, minimizing waste and improving yield.
With our new website we look forward to closely communicating with our North
American customers and responding to their needs with the highest level of
customer service�
Mecmesin can also
provide customized testing solutions and has a special applications department
with a large team of experienced engineers on staff.
Annual Profit & Loss
Financials in: USD
(mil)
Except for share
items (millions) and per share items (actual units)
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
0.560422 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials
in: USD (mil)
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|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
0.576518 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
- |
- |
0.0 |
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Fixtures & Fittings |
0.1 |
0.0 |
- |
- |
0.0 |
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Plant & Vehicles |
0.1 |
0.2 |
- |
- |
0.1 |
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Total Tangible Fixed Assets |
0.2 |
0.2 |
0.2 |
0.2 |
0.1 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.3 |
0.3 |
0.4 |
0.0 |
0.0 |
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Total Fixed Assets |
0.5 |
0.6 |
0.5 |
0.2 |
0.1 |
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Total Stocks Work In Progress |
0.7 |
0.6 |
0.9 |
0.7 |
0.7 |
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Total Debtors |
0.9 |
0.9 |
1.6 |
1.3 |
1.0 |
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Cash and Equivalents |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
1.7 |
1.7 |
2.5 |
2.0 |
1.8 |
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Total Assets |
2.3 |
2.3 |
3.1 |
2.2 |
1.9 |
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Trade Creditors |
0.5 |
0.3 |
- |
- |
1.1 |
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Bank Overdraft |
0.0 |
0.0 |
- |
- |
- |
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Inter-Company Creditors |
0.0 |
0.0 |
- |
- |
- |
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Director Loans (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Total Short Term Loans |
0.1 |
0.0 |
- |
- |
0.0 |
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Accruals/Deferred Income (Current Liability) |
0.2 |
0.3 |
- |
- |
- |
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Social Security/VAT |
0.1 |
0.3 |
- |
- |
0.0 |
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Corporation Tax |
0.0 |
0.0 |
- |
- |
- |
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Dividends (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
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Other Current Liabilities |
0.0 |
0.0 |
1.5 |
1.3 |
0.3 |
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Total Current Liabilities |
1.0 |
0.9 |
1.5 |
1.3 |
1.4 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
- |
- |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
- |
- |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
- |
- |
0.0 |
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Other Long Term Loans |
0.4 |
0.5 |
- |
- |
0.2 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
- |
- |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
0.2 |
0.2 |
0.0 |
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Total Long Term Liabilities |
0.4 |
0.5 |
0.2 |
0.2 |
0.2 |
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Deferred Taxation |
- |
- |
- |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
0.8 |
0.7 |
1.2 |
0.6 |
0.2 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
0.9 |
0.8 |
1.3 |
0.7 |
0.3 |
|
Net Worth |
0.9 |
0.8 |
1.3 |
0.7 |
0.3 |
|
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Annual Cash Flows
Financials
in: USD (mil)
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
0.560422 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
Annual Ratios
Financials in: USD
(mil)
|
|
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
0.576518 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.79 |
1.83 |
1.66 |
1.56 |
1.30 |
|
Liquidity Ratio |
1.04 |
1.14 |
1.09 |
1.00 |
0.78 |
|
Borrowing Ratio |
60.83% |
74.19% |
- |
- |
69.11% |
|
Equity Gearing |
38.94% |
33.58% |
42.47% |
30.86% |
17.78% |
|
Debt Gearing |
45.87% |
72.49% |
- |
- |
63.10% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.78.73 |
|
Euro |
1 |
Rs.67.64 |
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 |
|
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 |
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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.