MIRA INFORM REPORT

 

 

Report Date :

16.04.2012

 

IDENTIFICATION DETAILS

 

Name :

SAS ENGINEERING GB LIMITED

 

 

Registered Office :

Victoria House 44-45 Queens Road Coventry CV1 3EH

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.10.2009

 

 

Date of Incorporation :

31.10.2007

 

 

Com. Reg. No.:

06414498

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of Metal Structures and Parts

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Under Dissolution

Payment Behaviour :

--

Litigation :

--

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

REGISTERED NAME & COMPANY SUMMARY

 

SAS ENGINEERING GB LIMITED

06414498

            

Company Name

SAS ENGINEERING GB LIMITED

Company Number

06414498

Registered Address

VICTORIA HOUSE 44-45

Trading Address

27A Brindley Road
Bayton Road Industrial Estate
Coventry
West Midlands
CV7 9EP

 

QUEENS ROAD

 

 

COVENTRY

 

 

CV1 3EH

 

 

 

 

 

Website Address

http://www.sasengineeringgblimited.co.uk

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

31/10/2007

Company Status

Dissolution

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

15/01/2010

 

 

Share Capital

£1

SIC03

2811

Currency

GBP

SIC03 Description

MANUFACTURE OF METAL STRUCTURES AND PARTS

SIC07

25110

SIC07 Description

MANUFACTURE OF METAL STRUCTURES AND PARTS OF STRUCTURES

Principal Activity

 

 

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

1

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

1

 

Current Directors

 

Name

Parminder Kundi

Date of Birth

30/05/1981

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

31/10/2007

 

 

Address

37 Bluebell Drive,  Bedworth,  Warwickshire,  CV12 0GE

 

NEGATIVE INFORMATION

 

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 -

2

Total Value of Satisfied CCJs -

£3,430

Total Number of Writs -

-

 

 

 

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

 

Exact CCJ Details

Date

Court

Amount

Status

Case Number

Date Paid

16/12/2008

NORTHAMPTON CCBC

£2,859

Satisfied

8XB10298

25/08/2010

08/07/2008

BIRMINGHAM

£571

Satisfied

8BM04413

01/04/2009

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Individual Share Value

MR PARMINDER SINGH KUNDI

1 ORDINARY GBP 1.00

 

PAYMENT INFORMATION

 

Payment Information Summary

Total number of Invoices available

6

Total number of Invoices paid within or up to 30 days after the due date

5

Total number of Invoices paid more than 30 days after the due date

1

Total number of Invoices currently outstanding where the due date has not yet been reached

0

Total number of Invoices currently outstanding beyond the due date

0

Mortgage Summary

Outstanding

0

Satisfied

0

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group

-

Linkages

0 companies

Countries

In 0 countries

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

Group structure

No group structure

 

Statistics

Group

0 companies

Linkages

0 companies

Countries

In 0 countries

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/10/2009

-

-

£9,234

-

31/10/2008

-

-

£541

-

SAS ENGINEERING GB LIMITED

06414498

 

Profit & Loss

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

-

Weeks

52

(%)

52

(%)

-

(%)

-

(%)

-

Currency

GBP

(%)

GBP

(%)

-

(%)

-

(%)

-

Consolidated A/cs

N

(%)

N

(%)

-

(%)

-

(%)

-

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£2,194

999.9%

£173

-

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

-

Tangible Assets

£15,097

870.9%

£1,555

-

-

-

-

-

-

Intangible Assets

0

-

0

-

-

-

-

-

-

Total Fixed Assets

£15,097

870.9%

£1,555

-

-

-

-

-

-

Stock

0

-

0

-

-

-

-

-

-

Trade Debtors

£23,077

13.9%

£20,255

-

-

-

-

-

-

Cash

£42

-98.8%

£3,575

-

-

-

-

-

-

Other Debtors

0

-

0

-

-

-

-

-

-

Miscellaneous Current Assets

0

-

0

-

-

-

-

-

-

Total Current Assets

£23,119

-3%

£23,830

-

-

-

-

-

-

Trade Creditors

£28,982

16.7%

£24,844

-

-

-

-

-

-

Bank Loans & Overdrafts

0

-

0

-

-

-

-

-

-

Other Short Term Finance

0

-

0

-

-

-

-

-

-

Miscellaneous Current Liabilities

0

-

0

-

-

-

-

-

-

Total Current Liabilities

£28,982

16.7%

£24,844

-

-

-

-

-

-

Bank Loans & Overdrafts and LTL

0

-

0

-

-

-

-

-

-

Other Long Term Finance

0

-

0

-

0

-

-

-

-

Total Long Term Liabilities

0

-

0

-

-

-

-

-

-

 

Capital & Reserves

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

-

Called Up Share Capital

£1

-

£1

-

-

-

-

-

-

P & L Account Reserve

£9,233

999.9%

£540

-

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£9,234

999.9%

£541

-

-

-

-

-

-

 

Other Financial Items

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

-

Net Worth

£9,234

999.9%

£541

-

-

-

-

-

-

Working Capital

-£5,863

-478.2%

-£1,014

-

-

-

-

-

-

Total Assets

£38,216

50.5%

£25,385

-

-

-

-

-

-

Total Liabilities

£28,982

16.7%

£24,844

-

-

-

-

-

-

Net Assets

£9,234

999.9%

£541

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

-

Contingent Liability

NO

-

NO

-

-

-

-

-

-

Capital Employed

£9,234

999.9%

£541

-

-

-

-

-

-

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

LLOYS TSB

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/10/09

31/10/08

-

-

-

Pre-tax profit margin %

-

-

-

-

-

Current ratio

0.80

0.96

-

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

-

-

-

Equity in %

24.20

2.10

-

-

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.79

0.95

-

-

-

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

3.13

45.92

-

-

-

Total Debt Ratio

3.13

45.92

-

-

-

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na

 

ADDITIONAL INFORMATION

Status History

 

Date

Description

 

12/04/2012

Dissolution (First Gazt)

 

04/11/2011

Compulsory strike off cancelled

 

03/11/2011

Dissolution (First Gazt)

 

 

Event History

Date

Description

03/11/2011

Annual Returns

08/11/2010

Annual Returns

11/05/2010

Change in Reg.Office

11/05/2010

Change of Company Postcode

25/01/2010

New Accounts Filed

18/01/2010

Annual Returns

04/03/2009

New Accounts Filed

13/02/2009

Annual Returns

11/02/2009

G. Kundi has resigned as company secretary

29/11/2007

Change in Reg.Office

29/11/2007

Change of Company Postcode

02/11/2007

Change of Name

02/11/2007

Change in Reg.Office

02/11/2007

Change of Company Postcode

 

Previous Company Names

No Previous Names found

 

Creditor Details

No Creditor Data

 

Total Value

-

 

Trade Debtors / Bad Debt Detail

No Debtor Data

 

Total Value

-

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Gurdip Kundi

0

1

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.42

UK Pound

1

Rs.81.93

Euro

1

Rs.67.67

 

 

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.