MIRA INFORM REPORT

 

 

Report Date :           

01.02.2012

 

IDENTIFICATION DETAILS

 

Name :

CRYOGENIC LTD.

 

 

Registered Office :

Unit 30, Acton Park Indusrtial Estate, The Vale, London, W3 7QE

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

01.11.1991

 

 

Com. Reg. No.:

02659543

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Design and manufacture of cryogenic instruments, and supply magnets for research, industrial and scientific applications

 

 

No. of Employees :

67

 

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

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 name & address 

 

Cryogenic Ltd.

Unit 30

Acton Park Industrial Estate

The Vale

London, W3 7QE

United Kingdom

(Trading Address)

 

Tel:       02087436049

Fax:      02087495315

 

Web:    www.cryogenic.co.uk

           

 

Synthesis

 

Employees:                  67

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         01-Nov-1991

Auditor:                        Ward Williams  

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:                7.2

Net Income:                   0.6

Total Assets:                 6.6

 

 

Business Description     

 

Design and manufacture of cryogenic instruments, and supply magnets for research, industrial and scientific applications.

 

Industry             

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    2499 - Other Machinery and Equipment Manufacturing Not Elsewhere Classified

NACE 2002:      2956 - Manufacture of other special purpose machinery not elsewhere classified

NAICS 2002:     333298 - All Other Industrial Machinery Manufacturing

UK SIC 2003:    2956 - Manufacture of other special purpose machinery not elsewhere classified

US SIC 1987:    3569 - General Industrial Machinery and Equipment, Not Elsewhere Classified

 

 

Key Executives

 

Name

Title

Julie Mckay

Secretary

Mirek Owczarkowski

IT Engineer

Thomas Holubar

Senior Project Engineer

Nathan Soori

Accountant

Bob Claridge

Human Resources Manager

 

 

news

 

Title

Date

US Patent Issued to GM Global Technology Opertions on Jan. 24 for "Cryogenic Storage Tank with Thermal Shield" (German Inventors)
U.S. Fed News (150 Words)

28-Jan-2012

Plains All American Announces New Bakken Area Gas Processing Plant
Business Wire (830 Words)

27-Jan-2012

NOW SHOWING
South Wales Echo (UK) (790 Words)

27-Jan-2012

Charter Medical Receives CE Mark Clearance for Next Generation Cell Freeze(R) Cryogenic Stem Cell Storage Containers
GlobeNewswire (368 Words)

26-Jan-2012

Research from Institute of Physics Yields New Data on Physics Research
Physics Week (187 Words)

26-Jan-2012

 

 

Financial Summary    

 

FYE: 31-Mar-2011          REP (mil)

Key Figures    

Current Assets              5.70

Fixed Assets                 0.86                                                                             

Total Liabilities               4.27

Net Worth                     2.13

 

Key Ratios       

Current Ratio                 1.33

Acid Test                      0.88

Debt Gearing                 6.17

 

 

 

Registered No.(UK): 02659543

 

 

Corporate Overview

 

Location

Unit 30

Acton Park Industrial Estate

The Vale

London, W3 7QE

London County

United Kingdom

Tel:       02087436049

Fax:      02087495315

Web:    www.cryogenic.co.uk

           

Sales GBP(mil):             7.2

Assets GBP(mil):           6.6

Employees:                   67

Fiscal Year End:            31-Mar-2011

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

Unit 30

Acton Park Indusrtial Estate

The Vale

London, W3 7QE

United Kingdom

 

Incorporation Date:         01-Nov-1991

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       02659543

Director:                        Jeremy Andrew Good

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

2499     -          Other Machinery and Equipment Manufacturing Not Elsewhere Classified

 

NACE 2002 Codes:

2956     -          Manufacture of other special purpose machinery not elsewhere classified

 

NAICS 2002 Codes:

333298  -          All Other Industrial Machinery Manufacturing

 

US SIC 1987:

3569     -          General Industrial Machinery and Equipment, Not Elsewhere Classified

 

UK SIC 2003:

2956     -          Manufacture of other special purpose machinery not elsewhere classified

 

Business Description

Design and manufacture of cryogenic instruments, and supply magnets for research, industrial and scientific applications.

 

More Business Descriptions

Scientific Machinery and Instrument Manufacturers

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

7.2

Net Income:

0.6

Assets:

6.6

Current Assets:

5.7

 

Fixed Assets:

0.9

 

Long Term Debt:

0.1

 

Total Liabilities:

4.4

 

Issued Capital:

0.0

 

Working Capital:

1.4

 

Net Worth:

2.1

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

NA

NA

NA

 Top

Key Corporate Relationships

Auditor:

Ward Williams

Bank:

National Westminster Bank PLC

 

Auditor:

Ward Williams

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

03-31-2011

 

 

 

 Top

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jeremy Andrew Good

 

Director

Director/Board Member

 

Renny Hall

 

Director

Director/Board Member

 

Roger Mitchell

 

Director

Director/Board Member

 

Zakiya Omar

 

Director

Director/Board Member

 

Miroslaw Owczarkowski

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Julie Mckay

 

Secretary

Company Secretary

 

Nathan Soori

 

Accountant

Accounting Executive

 

Bob Claridge

 

Human Resources Manager

Human Resources Executive

 

Mirek Owczarkowski

 

IT Engineer

Information Executive

 

Thomas Holubar

 

Senior Project Engineer

Engineering/Technical Executive

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Unit 30
Acton Park Industrial Estate
London
United Kingdom W3 7QE

Tel: 02087436049
Fax: 02087495315
URL:http://www.cryogenic.co.uk

Annual Return Date: 01 Nov 2011
Total Issued Capital (GBP 000): 32

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Renny 
Hall

Current

07 Dec 1961

206 Varsity Drive, 
Twickenham, Middlesex TW1 1AN

01 Jan 2003

NA

Current:2
Previous:2
Disqualifications:0

 

Jeremy Andrew
Good

Current

20 Mar 1941

72 Lexham Gardens, 
London , London W8 5JB

01 Nov 1992

NA

Current:3
Previous:0
Disqualifications:0

 

Roger 
Mitchell

Current

23 Aug 1959

Unit 30, Acton Park Indusrtial Estate, 
London , London W3 7QE

01 Sep 2004

NA

Current:1
Previous:0
Disqualifications:0

 

Zakiya 
Omar

Current

21 Nov 1969

Unit 30, Acton Park Indusrtial Estate, 
London , London W3 7QE

27 Jan 2009

NA

Current:1
Previous:0
Disqualifications:0

 

Miroslaw 
Owczarkowski

Current

06 Jan 1953

Unit 30, Acton Park Indusrtial Estate, 
London , London W3 7QE

27 Jan 2009

NA

Current:1
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

There are no corporate directors for this company.

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Julie 
Mckay

Current

NA

Unit 30, Acton Park Indusrtial Estate, 
London , London W3 7QE

19 Aug 2008

NA

Current:1
Previous:0
Disqualifications:0

 

Anthony Kent
Osborn

Previous

NA

52A Fairholme Road, 
West Kensington, London W14 9JY

NA

10 May 1993

Current:1
Previous:8
Disqualifications:0

 

Renny 
Hall

Previous

07 Dec 1961

206 Varsity Drive,
Twickenham, Middlesex TW1 1AN

10 May 1993

01 Dec 2002

Current:2
Previous:2
Disqualifications:0

 

Himanshu 
Shah

Previous

23 Oct 1970

4 Chatsworth Road, 
Hayes, Middlesex UB4 9ES

01 Jan 2003

25 Jun 2008

Current:3
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

Individual Shareholders

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Charles Anthony Good

16 Ordinary GBP 100.00

Ordinary

16

100.00

1,600.00

5.06

Jeremy Andrew Good

300 Ordinary GBP 100.00

Ordinary

300

100.00

30,000.00

94.94

 

 

 

 

 

 

 

 

Corporate Shareholders

There are no corporate shareholders for this company.

 

 

 

News

 

US Patent Issued to GM Global Technology Opertions on Jan. 24 for "Cryogenic Storage Tank with Thermal Shield" (German Inventors)
U.S. Fed News (150 Words)

28-Jan-2012

Plains All American Announces New Bakken Area Gas Processing Plant
Business Wire (830 Words)

27-Jan-2012

NOW SHOWING
South Wales Echo (UK) (790 Words)

27-Jan-2012

Charter Medical Receives CE Mark Clearance for Next Generation Cell Freeze(R) Cryogenic Stem Cell Storage Containers
GlobeNewswire (368 Words)

26-Jan-2012

Research from Institute of Physics Yields New Data on Physics Research
Physics Week (187 Words)

26-Jan-2012

Modification/Amendment - LIQUID HYDROGEN CRYOGENIC REFRIGERATION SYSTEM
FedBizOpps (44 Words)

26-Jan-2012

New Data from Institute of Chemistry Illuminate Research in Science and Technology
Journal of Technology (313 Words)

25-Jan-2012

Research Reports from Institute of Electrical Engineering Provide New Insights into Superconductivity
Journal of Technology (319 Words)

25-Jan-2012

Linde Challenges Poultry Processors to "Shake Up" Production with New Technology
Investment Weekly News (404 Words)

25-Jan-2012

GAT: LET'S STAY BRIT TOP DOGS
PAUL JONES, Sunday Mirror (UK) (133 Words)

22-Jan-2012

 

 

Articles

Air Products and Chemicals Inc Files Patent Application for Method of Metal Processing Using Cryogenic Cooling
Indian Patent News (259 Words) (1 Page)

27-Jan-2012

UNITED STATES : Ball Aerospace Submits Cryogenic Propellant Storage Mission Concept to NASA
TendersInfo News (394 Words) (1 Page)

11-Jan-2012

UNITED STATES : Ball Aerospace Completes Cryogenic Testing for James Webb Space Telescope Primary Mirror Segments
TendersInfo News (420 Words) (1 Page)

23-Dec-2011

UNITED STATES : Cryogenic Testing Completed For NASA's Webb Telescope Mirrors
TendersInfo News (458 Words) (1 Page)

22-Dec-2011

UNITED STATES : Superior Pipeline Company LLC Announces Construction Of A New Cryogenic Processing Plant In The Mississippian Trend
TendersInfo News (200 Words) (1 Page)

15-Dec-2011

Council of Scientific and Industrial Research Receives Patent for an Improved Cryogenic Process for the Production of Mixed Spice Powders
Indian Patent News (264 Words) (1 Page)

06-Dec-2011

Praxair Technology Inc Receives Patent for Cryogenic Rectification Apparatus for Producing Oxygen
Indian Patent News (163 Words) (1 Page)

29-Nov-2011

3. Improving metal toughness through cryogenic treatment
Inside R&D (531 Words) (1 Page)

11-Nov-2011

Air Products: PRISM Hydrogen Generator and Cryogenic Hydrogen Compressor to be Featured at Chem Show
Manufacturing Close-Up (260 Words) (1 Page)

25-Oct-2011

Air Products' PRISM Hydrogen Generator and Cryogenic Hydrogen Compressor Among Technologies to be Featured at the Chem Show
Professional Services Close-Up (260 Words) (1 Page)

24-Oct-2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annual Profit & Loss

 

Financials in: REP (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

1

1

1

1

1

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

0.5

0.3

-

-

-

Turnover (Exports)

6.6

4.9

-

-

-

Total Turnover

7.2

5.1

-

-

-

Cost of Sales

3.1

1.9

-

-

-

Gross Profit

4.1

3.2

-

-

-

Depreciation

0.2

0.1

0.1

0.1

0.1

Other Expenses

3.5

2.8

-

-

-

Operating Profit

-

0.5

-

-

-

Other Income

0.0

0.0

-

-

-

Interest Paid

0.1

0.0

-

-

-

Exceptional Income

0.0

0.0

-

-

-

Discontinued Operations

0.0

-

-

-

-

Profit Before Taxes

0.5

0.4

-

-

-

Tax Payable / Credit

0.0

0.0

-

-

-

Extraordinary Items/Debits

0.0

0.0

-

-

-

Dividends

0.0

0.0

-

-

-

Profit After Taxes

0.6

0.4

-

-

-

Minority Interests (Profit & Loss)

0.0

0.0

-

-

-

Audit Fees

0.0

0.0

-

-

-

Number of Employees

67

-

-

-

-

Wages

2.1

-

-

-

-

Social Security Costs

0.2

-

-

-

-

Other Pension Costs

0.1

-

-

-

-

Employees Remuneration

2.4

-

-

-

-

Directors Remuneration

0.4

0.3

-

-

-

Highest Paid Director

0.1

-

-

-

-

 

Annual Balance Sheet

Financials in: GBP (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

1

1

1

1

1

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.1

0.0

-

-

-

Fixtures & Fittings

0.1

0.0

-

-

-

Plant & Vehicles

0.5

0.4

-

-

-

Total Tangible Fixed Assets

0.7

0.5

0.5

0.4

0.3

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.2

0.2

0.2

0.0

0.0

Total Fixed Assets

0.9

0.6

0.6

0.4

0.3

Total Stocks Work In Progress

1.9

1.8

0.9

0.6

0.5

Trade Debtors

2.5

0.9

-

-

-

Other Debtors

0.6

1.3

-

-

-

Total Debtors

3.1

2.2

2.0

1.4

1.5

Cash and Equivalents

0.7

0.6

1.0

0.7

0.4

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

5.7

4.6

3.9

2.7

2.5

Total Assets

6.6

5.2

4.6

3.1

2.8

Trade Creditors

1.5

0.9

-

-

-

Bank Overdraft

0.0

0.0

-

-

-

Director Loans (Current Liability)

0.4

-

-

-

-

Hire Purchase (Current Liability)

0.1

-

-

-

-

Finance Lease (Current Liability)

0.0

-

-

-

-

Total Finance Lease/Hire Purchase (Current Liability)

0.1

0.1

-

-

-

Accruals/Deferred Income (Current Liability)

0.3

-

-

-

-

Social Security/VAT

0.1

0.1

-

-

-

Corporation Tax

0.0

-

-

-

-

Other Current Liabilities

1.8

2.4

3.3

2.1

2.1

Total Current Liabilities

4.3

3.5

3.3

2.1

2.1

Group Loans (Long Term Liability)

0.0

0.0

-

-

-

Director Loans (Long Term Liability)

0.0

0.0

-

-

-

Hire Purchase (Long Term Liability)

0.1

0.0

-

-

-

Leasing (Long Term Liability)

0.0

0.0

-

-

-

Total Hire Purchase Loans (Long Term Liability)

0.1

0.0

-

-

-

Other Long Term Loans

0.0

0.0

-

-

-

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

-

-

-

Other Long Term Liabilities

0.0

0.0

0.1

0.2

0.2

Total Long Term Liabilities

0.1

0.0

0.1

0.2

0.2

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

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.1

0.1

0.1

0.1

0.1

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

2.1

1.5

1.1

0.7

0.4

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

2.1

1.6

1.2

0.8

0.5

Net Worth

2.1

1.6

1.2

0.8

0.5

 

 

Annual Cash Flows

Financials in: GBP (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

1

1

1

1

1

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

0.4

-

-

-

-

Net Cash Flow from ROI and Servicing of Finance

0.0

-

-

-

-

Taxation

0.0

-

-

-

-

Capital Expenditures

-0.1

-

-

-

-

Acquisitions and Disposals

0.0

-

-

-

-

Paid Up Equity

0.0

-

-

-

-

Management of Liquid Resources

0.0

-

-

-

-

Net Cash Flow From Financing

-0.2

-

-

-

-

Increase in Cash

0.1

-

-

-

-

 


Annual Ratios

Financials in: GBP (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

1

1

1

1

1

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.33

1.29

1.21

1.27

1.20

Liquidity Ratio

0.88

0.79

0.93

0.99

0.93

Stock Turnover

3.69

2.89

-

-

-

Credit Period (Days)

126.61

66.51

-

-

-

Working Capital by Sales

19.84%

20.26%

-

-

-

Trade Credit by Debtors

0.60

0.95

-

-

-

Return on Capital

23.72%

26.64%

-

-

-

Return on Assets

8.27%

8.52%

-

-

-

Profit Margin

7.54%

8.62%

-

-

-

Return on Shareholders Funds

25.23%

27.79%

-

-

-

Borrowing Ratio

31.36%

7.92%

-

-

-

Equity Gearing

32.76%

30.65%

25.52%

25.36%

17.64%

Debt Gearing

6.17%

2.12%

-

-

-

Interest Coverage

6.10

13.97

-

-

-

Sales by Tangible Assets

10.40

11.00

-

-

-

Average Remuneration per Employee

0.0

-

-

-

-

Profit per Employee

0.0

-

-

-

-

Sales per Employee

0.1

-

-

-

-

Capital Employed per Employee

0.0

-

-

-

-

Tangible Assets per Employee

0.0

-

-

-

-

Total Assets per Employee

0.1

-

-

-

-

Employee Remuneration by Sales

33.42%

-

-

-

-

Creditor Days (Cost of Sales Based)

177.67

170.02

-

-

-

Creditor Days (Sales Based)

76.33

63.07

-

-

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.68

UK Pound

1

Rs.78.17

Euro

1

Rs.65.52

 

 

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

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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.