MIRA INFORM REPORT

 

 

Report Date :           

24.04.2012

 

IDENTIFICATION DETAILS

 

Name :

PPM TECHNOLOGIES EMEA LTD 

 

 

Registered Office :

Saxon House , Moseley's Farm Business Centre , Bury St Edmunds, Ip28 6jy

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

02.06.2010

 

 

Com. Reg. No.:

07271824  

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of plastics and rubber machinery

 

 

No. of Employees :

Not Available

 

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 :

£11,500

 

 

Status :

Satisfactory

 

 

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, 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

Company Name

PPM TECHNOLOGIES EMEA LTD

Company Number

07271824

 

 

 

 

Registered Address

SAXON HOUSE

Trading Address

Axis 40 Oxford Road
Stokenchurch
High Wycombe
Buckinghamshire
HP14 3SX

 

MOSELEY'S FARM BUSINESS CENTRE

 

 

BURY ST EDMUNDS

 

 

IP28 6JY

 

 

 

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

02/06/2010

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

17/03/2012

 

      

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: £11,500

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Trevor Howard

Date of Birth

22/12/1950

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

02/06/2010

 

 

Address

Churchgate House Woolpit,  ,  Bury St Edmunds,  IP30 9QQ

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Gert Walter

Date of Birth

26/07/1959

Officers Title

Mr

Nationality

Canadian

Present Appointments

1

Function

Director

Appointment Date

22/02/2012

 

 

Address

500 E. Illinois St.,  ,  Newberg,  97132

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Neil Anderson

Date of Birth

25/09/1959

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

22/02/2012

 

 

Address

500 E. Illinois St.,  ,  Newberg,  97132

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 -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

 

 

Exact CCJ Details

There are no exact CCJ details

 

Possible CCJ Details

There are no possible CCJ details

 

 

SHARE & SHARE CAPITAL INFORMATION

Share Capital

£100

 

Top 20 Shareholders

Name

Individual Share Value

PPM TECHNOLOGIES LLC

100 ORDINARY GBP 1.00

 

 

PAYMENT INFORMATION

 

Payment Information Summary

Total number of Invoices available

17

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

15

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

1

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

 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

31/12/2011

-

-

£158,297

-

31/12/2010

-

-

-£157,401

-

 

Limited Company Report

 

Financials

Profit & Loss

Date Of Accounts

31/12/11

(%)

31/12/10

(%)

-

(%)

-

(%)

-

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

£1,523

851.9%

£160

-

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/12/11

(%)

31/12/10

(%)

-

(%)

-

(%)

-

Tangible Assets

£7,332

999.9%

£639

-

-

-

-

-

-

Intangible Assets

£902,535

-5%

£950,000

-

-

-

-

-

-

Total Fixed Assets

£909,867

-4.3%

£950,639

-

-

-

-

-

-

Stock

£485,773

45.2%

£334,467

-

-

-

-

-

-

Trade Debtors

£754,475

68.4%

£447,938

-

-

-

-

-

-

Cash

£225,439

328.1%

£52,665

-

-

-

-

-

-

Other Debtors

0

-

0

-

-

-

-

-

-

Miscellaneous Current Assets

0

-

0

-

-

-

-

-

-

Total Current Assets

£1,465,687

75.5%

£835,070

-

-

-

-

-

-

Trade Creditors

£2,133,118

10%

£1,939,360

-

-

-

-

-

-

Bank Loans & Overdrafts

0

-

0

-

-

-

-

-

-

Other Short Term Finance

0

-

0

-

-

-

-

-

-

Miscellaneous Current Liabilities

0

-

0

-

-

-

-

-

-

Total Current Liabilities

£2,133,118

10%

£1,939,360

-

-

-

-

-

-

Bank Loans & Overdrafts and LTL

£84,139

999.9%

£3,750

-

-

-

-

-

-

Other Long Term Finance

0

-

0

-

0

-

-

-

-

Total Long Term Liabilities

£84,139

999.9%

£3,750

-

-

-

-

-

-

 

Capital & Reserves

Date Of Accounts

31/12/11

(%)

31/12/10

(%)

-

(%)

-

(%)

-

Called Up Share Capital

£100

-

£100

-

-

-

-

-

-

P & L Account Reserve

£158,197

200.4%

-£157,501

-

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£158,297

200.6%

-£157,401

-

-

-

-

-

-

 

Other Financial Items

 

Date Of Accounts

31/12/11

(%)

31/12/10

(%)

-

(%)

-

(%)

-

 

Net Worth

-£744,238

32.8%

-£1,107,401

-

-

-

-

-

-

 

Working Capital

-£667,431

39.6%

-£1,104,290

-

-

-

-

-

-

 

Total Assets

£2,375,554

33%

£1,785,709

-

-

-

-

-

-

 

Total Liabilities

£2,217,257

14.1%

£1,943,110

-

-

-

-

-

-

 

Net Assets

£158,297

200.6%

-£157,401

-

-

-

-

-

-

Miscellaneous

 

Date Of Accounts

31/12/11

(%)

31/12/10

(%)

-

(%)

-

(%)

-

 

Contingent Liability

NO

-

NO

-

-

-

-

-

-

 

Capital Employed

£242,436

257.8%

-£153,651

-

-

-

-

-

-

 

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

ENSORS

 

Auditor Comments

The auditors opinions have been limited by the information provided to them

 

Bankers

 

 

Bank Branch Code

 

 

Ratios

Date Of Accounts

31/12/11

31/12/10

-

-

-

Pre-tax profit margin %

-

-

-

-

-

Current ratio

0.69

0.43

-

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

53.20

-2.40

-

-

-

Equity in %

10.70

-18.80

-

-

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.45

0.25

-

-

-

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

13.47

-12.32

-

-

-

Total Debt Ratio

14

-12.34

-

-

-

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

ADDITIONAL INFORMATION

IC03

2956

Currency

GBP

SIC03 Description

MANUFACTURE OF OTHER SPECIAL PURPOSE MACHINERY

SIC07

28960

SIC07 Description

MANUFACTURE OF PLASTICS AND RUBBER MACHINERY

 

Status History

 

No Status History found

 

Event History

Date

Description

27/03/2012

New Accounts Filed

27/03/2012

New Accounts Filed

24/02/2012

New Board Member Mr N. Anderson appointed

24/02/2012

New Board Member Mr G. Walter appointed

09/11/2011

New Accounts Filed

28/06/2011

Annual Returns

25/06/2011

Change in Reg.Office

04/06/2010

New Board Member Mr T. Howard appointed

 

Mortgage Details

Mortgage Type:

DEBENTURE

Date Charge Created:

20/07/10

 

 

Date Charge Registered:

10/08/10

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LV ADMINISTRATIVE SERVICES INC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND ASSOCIATED COMPANIES UNDERTHE TERMS OF THE AFOR EMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUD ING GOODWILL UNCALLED CAPITAL AND BOOK DEBTS, SEE IMAGE FOR FULL DETAILS

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.23

UK Pound

1

Rs.84.16

Euro

1

Rs.68.84

 

 

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.