%20LTD%20%20%20%20166201%2016-Jan-2012_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
16.01.2012 |
IDENTIFICATION DETAILS
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Name : |
MATRIX MACHINE TOOL (COVENTRY) LTD. |
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Registered Office : |
Unit A2 Earl Place Business Park Fletchamstead Highway Coventry, CV4 9XL |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
21.10.2003 |
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Com. Reg. No.: |
04939500 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of other special purpose machinery not elsewhere classified |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 30, 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 and address
Matrix Machine
Tool (Coventry) Ltd.
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Business
Description
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Matrix Machine Tool (Coventry) Ltd. is a manufacturer of precision
grinding machines. The company supplies an internal thread grinding machine used
in the production of nuts for automotive steering assemblies, high-precision
industrial and aerospace ball screw nuts and screw ring gauges. It also
provides external thread grinding machines for the production of precision
ball screws, tapered and barrelled thread forms, and cylindrical and annular
grinding. In addition, it offers training on programming, operations and
maintenance. |
Industry
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Industry |
Miscellaneous Capital Goods |
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ANZSIC 2006: |
2499 - Other Machinery and Equipment Manufacturing
Not Elsewhere Classified |
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NACE 2002: |
2956 - Manufacture of other special
purpose machinery not elsewhere classified |
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NAICS 2002: |
333298 - All Other Industrial Machinery
Manufacturing |
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UK SIC 2003: |
2956 - Manufacture of other special
purpose machinery not elsewhere classified |
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US SIC 1987: |
3569 - General Industrial Machinery and
Equipment, Not Elsewhere Classified |
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Key Executives
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Financial Summary
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1 - Profit & Loss
Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123
Corporate Overview
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Corporate Structure News
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Matrix Machine
Tool (Coventry) Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Banbury International Ltd. |
Parent |
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Subsidiary |
London |
United Kingdom |
Miscellaneous Capital Goods |
4.0 |
26 |
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Subsidiary |
Coventry |
United Kingdom |
Miscellaneous Capital Goods |
4.0 |
20 |
Executives Report
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Directors and Shareholders Report
Annual
Return Date: 21 Oct 2011
Total Issued Capital (GBP 000): 1,000
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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 |
17 Jun 1957 |
12 Elm Way, Hartshill, |
10 Sep 2007 |
NA |
Current:2 |
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Previous |
29 Jun 1974 |
3F No 138, Linkou Street, |
21 Oct 2003 |
10 Sep 2007 |
Current:0 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Banbury International Limited |
Current |
Level 2 Lotemau Centre, Vaea Street, |
10 Sep 2007 |
NA |
|
Company Directors Limited |
Previous |
788-790 Finchley Road, |
21 Oct 2003 |
21 Oct 2003 |
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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 |
NA |
6 Inglehurst Gardens, |
10 Sep 2007 |
NA |
Current:2 |
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Previous |
24 Jun 1937 |
71 Falstaff Drive, Bilton, |
07 May 2004 |
14 May 2004 |
Current:0 |
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Previous |
NA |
4F No 15 Alley 3 Lane 76, Jian-An Street Sinjhuang City, |
21 Oct 2003 |
10 Sep 2007 |
Current:0 |
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Previous |
NA |
107 Redesdale Avenue, |
05 Feb 2004 |
07 Jun 2004 |
Current:0 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Temple Secretaries Limited |
Previous |
788-790 Finchley Road, |
21 Oct 2003 |
21 Oct 2003 |
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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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Converty Matrix Technologies Limited |
1000000 Ordinary GBP 1.00 |
Ordinary |
1,000,000 |
1.00 |
1,000,000.00 |
100.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Profit & Loss
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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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) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
0.1 |
0.1 |
0.2 |
0.2 |
- |
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Turnover (Exports) |
4.0 |
1.5 |
7.5 |
7.6 |
- |
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Total Turnover |
4.0 |
1.5 |
7.6 |
7.7 |
2.0 |
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Cost of Sales |
2.1 |
1.4 |
3.7 |
5.5 |
2.2 |
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Gross Profit |
1.9 |
0.1 |
3.9 |
2.3 |
-0.2 |
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Depreciation |
0.3 |
0.2 |
0.3 |
0.2 |
0.1 |
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Other Expenses |
2.7 |
1.9 |
2.1 |
2.1 |
1.4 |
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Operating Profit |
-0.8 |
-1.8 |
1.8 |
0.2 |
-1.6 |
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Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Interest Paid |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit Before Taxes |
-0.8 |
-1.8 |
1.8 |
0.2 |
-1.6 |
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Tax Payable / Credit |
0.0 |
0.2 |
0.0 |
-0.2 |
0.0 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit After Taxes |
-0.8 |
-1.9 |
1.8 |
0.4 |
-1.6 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Pensions |
- |
- |
- |
0.0 |
- |
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Directors Emoluments |
- |
- |
- |
0.1 |
- |
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Other Costs |
- |
- |
- |
0.0 |
- |
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Directors Remuneration |
0.1 |
0.1 |
0.1 |
0.1 |
- |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
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Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.8 |
1.1 |
0.6 |
0.7 |
0.2 |
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Total Tangible Fixed Assets |
0.8 |
1.1 |
0.6 |
0.7 |
0.2 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.8 |
1.1 |
0.6 |
0.7 |
0.2 |
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Total Stocks Work In Progress |
1.8 |
1.9 |
1.7 |
1.5 |
1.0 |
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Trade Debtors |
0.4 |
0.2 |
0.8 |
1.5 |
0.6 |
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Other Debtors |
0.5 |
0.4 |
0.6 |
0.7 |
0.5 |
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Total Debtors |
1.0 |
0.6 |
1.4 |
2.2 |
1.1 |
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Cash and Equivalents |
1.2 |
0.4 |
1.3 |
1.0 |
0.4 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
4.0 |
2.9 |
4.4 |
4.7 |
2.4 |
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Total Assets |
4.8 |
4.1 |
5.0 |
5.5 |
2.7 |
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Trade Creditors |
3.0 |
1.4 |
0.9 |
2.1 |
0.8 |
|
Inter-Company Creditors |
0.8 |
2.7 |
2.3 |
2.9 |
1.8 |
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Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
- |
- |
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Finance Lease (Current Liability) |
0.0 |
0.1 |
0.0 |
- |
- |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.1 |
0.0 |
- |
- |
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Social Security/VAT |
0.1 |
0.0 |
0.0 |
0.1 |
0.0 |
|
Other Current Liabilities |
0.8 |
0.8 |
1.0 |
1.3 |
1.2 |
|
Total Current Liabilities |
4.6 |
5.0 |
4.2 |
6.3 |
3.8 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
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 |
3.5 |
1.6 |
1.4 |
2.0 |
2.0 |
|
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 |
-3.4 |
-2.7 |
-0.6 |
-2.8 |
-3.1 |
|
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 |
0.1 |
-1.1 |
0.8 |
-0.8 |
-1.2 |
|
Net Worth |
0.1 |
-1.1 |
0.8 |
-0.8 |
-1.2 |
|
|
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Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
|
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Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
0.86 |
0.58 |
1.04 |
0.76 |
0.63 |
|
Liquidity Ratio |
0.47 |
0.21 |
0.64 |
0.52 |
0.37 |
|
Stock Turnover |
2.24 |
0.85 |
3.49 |
5.20 |
2.12 |
|
Credit Period (Days) |
38.43 |
50.62 |
49.16 |
72.71 |
96.97 |
|
Working Capital by Sales |
-15.19% |
-130.42% |
3.05% |
-20.04% |
-66.87% |
|
Trade Credit by Debtors |
6.88 |
6.24 |
1.08 |
1.38 |
1.38 |
|
Return on Capital |
-384.88% |
- |
170.79% |
- |
- |
|
Return on Assets |
-16.67% |
-45.07% |
27.89% |
3.56% |
-62.61% |
|
Profit Margin |
-19.59% |
-114.59% |
23.58% |
2.55% |
-79.14% |
|
Return on Shareholders Funds |
-661.82% |
- |
170.79% |
- |
- |
|
Borrowing Ratio |
754.54% |
-274.39% |
277.61% |
-358.01% |
-152.13% |
|
Equity Gearing |
2.52% |
-26.27% |
16.33% |
-14.52% |
-43.68% |
|
Debt Gearing |
71.96% |
-12.38% |
- |
- |
- |
|
Interest Coverage |
-111.13 |
- |
894.65 |
9.65 |
-8,149.43 |
|
Sales by Tangible Assets |
4.93 |
1.39 |
9.30 |
10.41 |
8.80 |
|
Creditor Days (Cost of Sales Based) |
498.11 |
349.78 |
108.82 |
141.87 |
122.83 |
|
Creditor Days (Sales Based) |
264.43 |
315.89 |
53.34 |
100.45 |
133.64 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.43 |
|
|
1 |
Rs.79.10 |
|
Euro |
1 |
Rs.66.17 |
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 SCs 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.