MIRA INFORM REPORT

 

 

Report Date :

03.02.2012

 

IDENTIFICATION DETAILS

 

Name :

ATLAS MACHINERY (U.K.) LTD.

 

 

Registered Office :

Unit 1 Flanshaw Way Wakefield, WF2 9LP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.11.2010

 

 

Date of Incorporation :

20.11.1991

 

 

Com. Reg. No.:

02664325

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Wholesale of other machinery for use in industry, trade and navigation

 

 

No. of Employees :

20

 

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 30, 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

 

Top of Form

Bottom of Form


Company name and address

 

Atlas Machinery (U.K.) Ltd.

                                                                                                                                                    

 

Unit 1

Flanshaw Way

 

Wakefield, WF2 9LP

United Kingdom

Map

 

Tel:

01924381999

Fax:

01924378999

 

www.atlasuk.com

 

Employees:

20

Company Type:

Private Independent

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

20-Nov-1991

Auditor:

Beaumonts

Financials in:

USD (mil)

 

 

Fiscal Year End:

30-Nov-2010

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

4.2

                                      

Business Description       

 

Buying and selling used printing machinery.

    

Industry                                             

 

Industry

Miscellaneous Capital Goods

ANZSIC 2006:

3499 - Other Machinery and Equipment Wholesaling Not Elsewhere Classified

NACE 2002:

5187 - Wholesale of other machinery for use in industry, trade and navigation

NAICS 2002:

423490 - Other Professional Equipment and Supplies Merchant Wholesalers

UK SIC 2003:

5187 - Wholesale of other machinery for use in industry, trade and navigation

US SIC 1987:

508 - Machinery, Equipment, and Supplies

 

 

                      

Key Executives           

   

 

Name

Title

Melanie Elliott

Marketing Manager

Stephen Aldam Lamb

Secretary

Neil Ecclestone

Director

 

Financial Summary                                                        

 

FYE: 30-Nov-2010

USD (mil)

Key Figures

 

Current Assets

4.10

Fixed Assets

0.12

Total Liabilities

2.92

Net Worth

1.28

 

Key Ratios

 

Current Ratio

1.41

Acid Test

0.83

 

 

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6454747
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6421164

 

 

Corporate Overview

 

Location
Unit 1
Flanshaw Way
Wakefield, WF2 9LP
West Yorkshire County
United Kingdom

 

Tel:

01924381999

Fax:

01924378999

 

www.atlasuk.com

Sales GBP(mil):

NA

Assets GBP(mil):

2.7

Employees:

20

Fiscal Year End:

30-Nov-2010

 

Industry:

Miscellaneous Capital Goods

Registered Address:
Unit 1, Flanshaw Industrial
Estate Flanshaw Lane
Wakefield, WF2 9LP
United Kingdom

 

Incorporation Date:

20-Nov-1991

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(UK):

02664325

 

Director:

Neil Ecclestone

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Gazette Status

 

 

Industry Codes

 

ANZSIC 2006 Codes:

3499

-

Other Machinery and Equipment Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5187

-

Wholesale of other machinery for use in industry, trade and navigation

 

NAICS 2002 Codes:

423490

-

Other Professional Equipment and Supplies Merchant Wholesalers

 

US SIC 1987:

508

-

Machinery, Equipment, and Supplies

 

UK SIC 2003:

5187

-

Wholesale of other machinery for use in industry, trade and navigation

 

 

Business Description

Buying and selling used printing machinery.

 

 

More Business Descriptions

Industrial Machinery Suppliers and Manufacturers

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Assets:

2.7

Current Assets:

2.6

 

Fixed Assets:

0.1

 

Long Term Debt:

0.0

 

Total Liabilities:

1.9

 

Issued Capital:

0.0

 

Working Capital:

0.8

 

Net Worth:

0.8

 

 

 

Date of Financial Data:

30-Nov-2010

 

1 Year Growth

4.6%

 

 

Key Corporate Relationships

Auditor:

Beaumonts

Bank:

Hsbc Bank PLC

 

Auditor:

Beaumonts

 

Auditor History

Beaumonts

30-Nov-2010

Beaumonts

30-Nov-2009

Beaumonts

30-Nov-2008

Beaumonts

30-Nov-2007

Beaumonts

30-Nov-2006

 

 

 

 

 

 

 

 

Gazette Status

Description

Action Date

Publication

Publication Date

Claim Form

06-Apr-2011

 

12-May-2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Neil Ecclestone

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Stephen Aldam Lamb

 

Secretary

Company Secretary

Melanie Elliott

 

Marketing Manager

Marketing Executive

 


Directors and Shareholders Report

 

Annual Return Date: 20 Nov 2011
Total Issued Capital (GBP 000): 8

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Neil
Ecclestone

Current

23 Oct 1959

182 Kingsway,
Ossett, West Yorkshire WF5 8DW

04 May 1993

NA

Current:1
Previous:0
Disqualifications:0

 

Stephen Aldam
Lamb

Current

30 Mar 1959

The Barn, School Lane Wrenthorpe,
Wakefield, West Yorkshire WF2 0JJ

20 Nov 1992

NA

Current:4
Previous:0
Disqualifications:0

 

David
Lamb

Previous

26 Dec 1934

667 Denby Dale Road, Calder Grove,
Wakefield, West Yorkshire WF4 3DL

20 Nov 1992

29 Jun 2005

Current:0
Previous:1
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

 

Stephen Aldam
Lamb

Current

30 Mar 1959

The Barn, School Lane Wrenthorpe,
Wakefield, West Yorkshire WF2 0JJ

20 Nov 1992

NA

Current:4
Previous:0
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

Neil Ecclestone

2500 Ordinary GBP 1.00

Ordinary

2,500

1.00

2,500.00

31.25

R Lamb

2700 Ordinary GBP 1.00

Ordinary

2,700

1.00

2,700.00

33.75

S A Lamb

2800 Ordinary GBP 1.00

Ordinary

2,800

1.00

2,800.00

35.00

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

 

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

 

 

 

 

 

  Financial Glossary

 

 

 

30-Nov-2010

30-Nov-2009

30-Nov-2008

30-Nov-2007

30-Nov-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.645475

0.646269

0.530439

0.50098

0.548831

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.0

0.0

0.1

0.1

0.1

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

30-Nov-2010

30-Nov-2009

30-Nov-2008

30-Nov-2007

30-Nov-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.642116

0.609347

0.651699

0.486346

0.508375

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.1

0.1

0.2

0.1

0.2

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.1

0.1

0.2

0.1

0.2

Total Stocks Work In Progress

1.7

2.0

2.0

2.4

1.5

Inter-Company Debtors

-

0.0

-

-

-

Other Debtors

-

0.5

-

-

-

Total Debtors

2.3

0.5

1.3

2.5

2.5

Cash and Equivalents

0.1

0.0

0.0

0.1

0.3

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

4.1

2.5

3.3

5.0

4.3

Total Assets

4.2

2.6

3.4

5.2

4.4

Bank Overdraft

-

-

-

2.1

1.4

Director Loans (Current Liability)

0.1

-

-

-

-

Other Current Liabilities

2.8

1.2

2.1

1.4

1.4

Total Current Liabilities

2.9

1.2

2.1

3.5

2.8

Group Loans (Long Term Liability)

-

-

-

0.0

0.0

Director Loans (Long Term Liability)

-

-

-

0.0

0.0

Hire Purchase (Long Term Liability)

-

-

-

0.0

0.0

Leasing (Long Term Liability)

-

-

-

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

-

-

-

0.0

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

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

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

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

1.3

1.3

1.2

1.7

1.6

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

1.3

1.3

1.3

1.7

1.7

Net Worth

1.3

1.3

1.3

1.7

1.7

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

30-Nov-2010

30-Nov-2009

30-Nov-2008

30-Nov-2007

30-Nov-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.645475

0.646269

0.530439

0.50098

0.548831

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

30-Nov-2010

30-Nov-2009

30-Nov-2008

30-Nov-2007

30-Nov-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.642116

0.609347

0.651699

0.486346

0.508375

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.41

1.98

1.54

1.44

1.54

Liquidity Ratio

0.83

0.41

0.61

0.75

1.01

Borrowing Ratio

10.64%

-

-

124.23%

84.83%

Equity Gearing

30.35%

50.53%

36.60%

32.57%

37.34%

 

 

 

Bottom of Form

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.13

UK Pound

1

Rs.77.85

Euro

1

Rs.64.75

 

 

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.