MIRA INFORM REPORT

 

 

Report Date :

28.07.2012

 

IDENTIFICATION DETAILS

 

Name :

PHOTO-SONICS INTERNATIONAL LTD.

 

 

Registered Office :

Unit 5 Thame Park Business Centre Wenman Road Thame, OX9 3FR

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.08.2011

 

 

Date of Incorporation :

08.03.1991

 

 

Com. Reg. No.:

02590014

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Research and experimental development on natural sciences and engineering

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

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

 

Company name and address

 

Top of Form

Bottom of Form

Top of Form

 

Photo-Sonics International Ltd.

                                                                                                                                                    

 

Unit 5

Thame Park Business Centre

Wenman Road

Thame, OX9 3FR

United Kingdom

(Trading Address)
Registered Address

 

 

Tel:

01844260600

Fax:

01844260126

 

www.photo-sonics.co.uk

 

Employees:

NA

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Photo-Sonics Inc

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

08-Mar-1991

Auditor:

Richardsons

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Aug-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

2.2

                                      

Business Description       

 

R and d on nat sciences and engineering, wholesale.

 

Industry                  

 

Industry

Biotechnology and Drugs

ANZSIC 2006:

6910 - Scientific Research Services

NACE 2002:

7310 - Research and experimental development on natural sciences and engineering

NAICS 2002:

541710 - Research and Development in the Physical, Engineering, and Life Sciences

UK SIC 2003:

7310 - Research and experimental development on natural sciences and engineering

US SIC 1987:

8731 - Commercial Physical and Biological Research

                      

Key Executives           

 

Name

Title

John Philip Kiel

Director

Michael Lepelley

Director

Kathryn Treesuwan

Director

 

Financial Summary                                               

 

FYE: 31-Aug-2011

USD (mil)

Key Figures

 

Current Assets

2.10

Fixed Assets

0.05

Total Liabilities

0.40

Net Worth

1.76

 

Key Ratios

 

Current Ratio

5.29

Acid Test

5.15

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6237527
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6141563

 

 

Corporate Overview

 

Location
Unit 5
Thame Park Business Centre
Wenman Road
Thame, OX9 3FR
Oxfordshire County
United Kingdom

 

Tel:

01844260600

Fax:

01844260126

 

www.photo-sonics.co.uk

Sales GBP(mil):

NA

Assets GBP(mil):

1.3

Employees:

NA

Fiscal Year End:

31-Aug-2011

 

Industry:

Biotechnology and Drugs

Registered Address:
5 Thame Park Business Centre
Wenman Road
Thame, OX9 3FR
United Kingdom

 

Incorporation Date:

08-Mar-1991

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

02590014

 

Director:

Michael Lepelley

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

6910

-

Scientific Research Services

 

NACE 2002 Codes:

7310

-

Research and experimental development on natural sciences and engineering

 

NAICS 2002 Codes:

541710

-

Research and Development in the Physical, Engineering, and Life Sciences

 

US SIC 1987:

8731

-

Commercial Physical and Biological Research

 

UK SIC 2003:

7310

-

Research and experimental development on natural sciences and engineering

 

 

Business Description

R and d on nat sciences and engineering, wholesale.

 

 

More Business Descriptions

Instrumentation Consultants and Engineers

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Assets:

1.3

Current Assets:

1.3

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

0.2

 

Issued Capital:

0.0

 

Working Capital:

1.0

 

Net Worth:

1.1

 

 

 

Date of Financial Data:

31-Aug-2011

 

1 Year Growth

NA

 

 

Key Corporate Relationships

Auditor:

Richardsons

 

Auditor:

Richardsons

 

 

 

 

 

 

 

 

 

 

Corporate Structure News

 

Photo-Sonics International Ltd.
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Photo-Sonics Inc

Parent

 

 

 

 

 

Photo-Sonics International Ltd.

Subsidiary

Thame

United Kingdom

Biotechnology and Drugs

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

John Philip Kiel

 

Director

Director/Board Member

Age: 89

 

Michael Lepelley

 

Director

Director/Board Member

 

 

Age: 53

.

Kathryn Treesuwan

 

Director

Director/Board Member

 

 

Age: 63

 

Education:

Fordham University, BS (Psychology)

 

 

Directors and Shareholders Report

 

Annual Return Date: 31 Jan 2012
Total Issued Capital (GBP 000): 1

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Kathryn
Treesuwan

Current

03 Oct 1948

5 Thame Park Business Centre, Wenman Road,
Thame, Oxfordshire OX9 3FR

30 Sep 1991

NA

Current:1
Previous:0
Disqualifications:0

 

John Philip
Kiel

Current

22 Jun 1923

5 Thame Park Business Centre, Wenman Road,
Thame, Oxfordshire OX9 3FR

30 Sep 1991

NA

Current:1
Previous:0
Disqualifications:0

 

John Philip
Kiel Iii

Current

22 Jan 1951

5 Thame Park Business Centre, Wenman Road,
Thame, Oxfordshire OX9 3FR

20 Nov 2002

NA

Current:1
Previous:0
Disqualifications:0

 

Michael
Lepelley

Current

24 Jul 1958

5 Thame Park Business Centre, Wenman Road,
Thame, Oxfordshire OX9 3FR

20 Nov 2002

NA

Current:1
Previous:0
Disqualifications:0

 

Alan Richard
Neal

Previous

29 Jun 1940

19 Wainwrights,
Aylesbury, Buckinghamshire HP18 9DT

09 Aug 1991

29 Feb 2008

Current:0
Previous:1
Disqualifications:0

 

Joseph Charles
Pillman

Previous

07 Jul 1952

5Th Floor Alder Castle, 10 Noble Street,
London , London EC2V 7QJ

NA

09 Aug 1991

Current:9
Previous:16
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

 

Joseph Charles
Pillman

Previous

07 Jul 1952

5Th Floor Alder Castle, 10 Noble Street,
London , London EC2V 7QJ

08 Mar 1991

08 Apr 2005

Current:9
Previous:16
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Hale And Dorr Secretaries Limited

Previous

5Th Floor Alder Castle, 10 Noble Street,
London , London EC2V 7QJ

08 Apr 2005

14 Mar 2007

 

 

 

 

Individual Shareholders

 

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Photo-Sonics Inc

1000 Ordinary GBP 1.00

Ordinary

1,000

1.00

1,000.00

100.00

 

 

 

 

 

 

 

 

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)

 

 

 

 

 

 

 

31-Aug-2011

31-Aug-2010

31-Aug-2009

31-Aug-2008

31-Aug-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623753

0.640102

0.643147

0.502947

0.510995

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.1

0.1

0.1

0.1

0.2

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Aug-2011

31-Aug-2010

31-Aug-2009

31-Aug-2008

31-Aug-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.614156

0.65066

0.613572

0.548261

0.495774

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.1

0.1

0.1

0.2

0.3

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

0.1

0.2

0.3

Total Stocks Work In Progress

0.1

0.1

0.1

0.2

0.2

Inter-Company Debtors

-

-

-

2.9

2.0

Other Debtors

-

-

-

0.9

0.3

Total Debtors

0.3

0.5

1.4

3.8

2.3

Cash and Equivalents

1.8

1.9

4.1

3.4

5.3

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.1

2.4

5.6

7.4

7.8

Total Assets

2.2

2.5

5.7

7.6

8.1

Other Current Liabilities

0.4

1.0

1.2

0.5

0.6

Total Current Liabilities

0.4

1.0

1.2

0.5

0.6

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)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

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

0.0

0.0

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

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

1.4

1.3

1.4

1.6

1.7

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.3

0.2

3.1

5.5

5.7

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

1.8

1.5

4.5

7.1

7.4

Net Worth

1.8

1.5

4.5

7.1

7.4

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Aug-2011

31-Aug-2010

31-Aug-2009

31-Aug-2008

31-Aug-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623753

0.640102

0.643147

0.502947

0.510995

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Aug-2011

31-Aug-2010

31-Aug-2009

31-Aug-2008

31-Aug-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.614156

0.65066

0.613572

0.548261

0.495774

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

5.29

2.52

4.79

13.77

12.80

Liquidity Ratio

5.15

2.44

4.68

13.43

12.54

Equity Gearing

81.54%

61.52%

79.54%

92.97%

92.45%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.41

UK Pound

1

Rs.86.93

Euro

1

Rs.68.10

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.