MIRA
INFORM REPORT
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Report Date : |
07.05.2012 |
IDENTIFICATION DETAILS
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Name : |
COMPLETE PARTS LTD. |
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Registered Office : |
Unit 69, Gravelly Industrial Park, |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
30.04.1985 |
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Com. Reg. No.: |
01909947 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Car Accessories and Parts |
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No. of Employees : |
06 |
RATING & COMMENTS
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MIRA’s 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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 & address
Complete Parts Ltd.
Unit 69
Gravelly Industrial Park
Tel: 0121 322 8946
Fax: 0121 328 4850
synthesis
Employees: 6
Company Type: Private Subsidiary
Corporate Family: 8
Companies
Ultimate Parent: Concentric
AB
Quoted Status: Non-quoted Company
Incorporation Date:
30-Apr-1985
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Net Income: 0.0
Total Assets: 1.3
Business Description
Car Accessories and Parts
Industry
Industry Nonclassifiable Industries
ANZSIC 2006: 9900 -
Nonclassifiable Establishments
NACE 2002: 9900 -
Extra-territorial organisations and bodies
NAICS 2002: 9999 -
Nonclassifiable Establishments
US SIC 1987: 9999 -
Nonclassifiable Establishments
Key Executives
|
Name |
Title |
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David Thomas Bessant |
Director |
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Graham Kirk |
Director |
|
David John Woolley |
Director |
News
|
Title |
Date |
|
Local brain cancer patient gets home,
needs volunteers |
22-Apr-2012 |
|
Designed and Made Releases Compact,
Portable Time-Lapse Dolly and Adjustable Sawhorse Plans for DIY Photography
& Video |
24-Feb-2012 |
Financial Summary
FYE: 31-Dec-2010 USD (mil)
Key Figures
Current Assets 1.32
Total Liabilities 0.00
Net Worth 1.32
Registered No.(
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123
Corporate Overview
Location
Unit 69
Gravelly Industrial Park
Tel: 0121 322 8946
Fax: 0121 328 4850
Sales GBP(mil): NA
Assets GBP(mil): 0.8
Employees: 6
Fiscal Year End: 31-Dec-2010
Industry: Nonclassifiable
Industries
Registered
Address:
3 The Archway
Alvechurch
Incorporation Date: 30-Apr-1985
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Previous Name: Vanborland
Ltd.
Registered No.(
Director: David
Thomas Bessant
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
9900 - Nonclassifiable Establishments
NACE 2002 Codes:
9900 - Extra-territorial organisations and bodies
NAICS 2002 Codes:
9999 - Nonclassifiable Establishments
US SIC 1987:
9999 - Nonclassifiable Establishments
99990 - Nonclassifiable Establishments
Business
Description
Car Accessories and Parts
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Corporate
Family |
Corporate
Structure News: |
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Complete Parts Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Concentric AB |
Parent |
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Auto and Truck Parts |
351.6 |
1,220 |
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Concentric Rockford Inc. |
Subsidiary |
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Miscellaneous Capital Goods |
|
375 |
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Concentric Birmingham Ltd. |
Subsidiary |
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Miscellaneous Capital Goods |
49.9 |
207 |
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Complete Parts Ltd. |
Subsidiary |
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Nonclassifiable Industries |
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6 |
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Complete Parts Ltd |
UK Branch/Trading address |
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Nonclassifiable Industries |
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Concentric Engineering Ltd. |
Subsidiary |
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Nonclassifiable Industries |
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Concentric Itasca Inc. |
Subsidiary |
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Miscellaneous Capital Goods |
19.0 |
100 |
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Concentric Pumps Pune Pvt. Ltd. |
Subsidiary |
Pune |
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Miscellaneous Capital Goods |
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Executive report
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Board of
Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Director |
Company Secretary |
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Director |
Other |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 0121 322 8946 |
Annual Return Date: 21 Dec 2011 |
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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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David John |
Current |
01 May 1962 |
3 The Archway, |
01 Sep 2011 |
NA |
Current:8 |
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David Thomas |
Current |
23 May 1971 |
Unit 10 Gravelly Industrial Park, |
17 Dec 2009 |
NA |
Current:9 |
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Graham Donald |
Previous |
31 Jul 1954 |
|
10 Oct 2000 |
01 Apr 2008 |
Current:0 |
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Anthony Christopher |
Previous |
11 Oct 1936 |
Willowrey Farm, Lustleigh, |
NA |
01 Oct 1995 |
Current:0 |
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Robin Charles |
Previous |
12 Apr 1952 |
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29 Dec 1991 |
04 Jun 2003 |
Current:0 |
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Robert Walter |
Previous |
25 Apr 1953 |
|
01 Apr 1999 |
25 Sep 2003 |
Current:8 |
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Ronald |
Previous |
19 Mar 1940 |
Revelstoke Greenhill, Wombourne, |
29 Dec 1991 |
31 Mar 1999 |
Current:3 |
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Robert Michael |
Previous |
07 Sep 1952 |
6N 734 Henricksen Road, |
01 Oct 1995 |
30 Sep 1996 |
Current:0 |
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David John |
Previous |
01 May 1962 |
Meadow House, Benton Green Lane, |
01 Oct 2005 |
01 Apr 2008 |
Current:0 |
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John |
Previous |
30 Mar 1948 |
Tall Trees, Bourton On Dunsmore, |
01 Oct 1996 |
25 Sep 2003 |
Current:0 |
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John Graham |
Previous |
06 Jul 1951 |
Pippins Meadow, Atch Lench Road Church Lane, |
01 Sep 2003 |
14 Oct 2005 |
Current:0 |
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Stefan |
Previous |
12 Mar 1958 |
Kallparksvagen 8, |
01 Apr 2008 |
01 Sep 2011 |
Current:0 |
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Edward John |
Previous |
12 Sep 1957 |
8 Salisbury Square, |
26 Aug 2003 |
17 Dec 2009 |
Current:5 |
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Ian Robert |
Previous |
14 Mar 1956 |
Pheasant Farm, Upper Bentley, |
04 Nov 2002 |
01 Sep 2011 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this company. |
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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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David Thomas |
Current |
NA |
3 The Archway, Radford Road, |
17 Dec 2009 |
NA |
Current:1 |
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Robert Walter |
Previous |
25 Apr 1953 |
54 Somerset Road, Edgbaston, |
12 Apr 2001 |
22 Jul 2005 |
Current:8 |
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Roger Frederick |
Previous |
13 May 1942 |
21 Oaklands Avenue, Harborne, |
29 Dec 1991 |
12 Apr 2001 |
Current:0 |
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Edward John |
Previous |
12 Sep 1957 |
8 Salisbury Square, |
22 Jul 2005 |
17 Dec 2009 |
Current:5 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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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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Anthony Christopher Firth |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
0.99 |
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Roger Frederick Miles |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
0.99 |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Concentric Birmingham Ltd |
00671254 |
99 Ordinary GBP 1.00 |
Ordinary |
99 |
1.00 |
99.00 |
98.02 |
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Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
30-Sep-2007 |
30-Sep-2006 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.508116 |
0.555972 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (Exports) |
- |
1.5 |
3.2 |
2.6 |
2.7 |
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Total Turnover |
- |
3.0 |
5.4 |
4.7 |
4.8 |
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Cost of Sales |
- |
2.1 |
3.8 |
3.5 |
3.9 |
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Gross Profit |
- |
0.9 |
1.6 |
1.2 |
0.9 |
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Depreciation |
- |
0.0 |
0.0 |
0.0 |
0.0 |
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Operating Profit |
- |
0.2 |
0.6 |
0.4 |
0.0 |
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Interest Paid |
- |
0.0 |
0.1 |
- |
0.0 |
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Profit Before Taxes |
- |
0.2 |
0.6 |
0.4 |
0.0 |
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Profit After Taxes |
0.0 |
0.1 |
0.4 |
0.2 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Number of Employees |
- |
6 |
4 |
4 |
4 |
|
Directors Remuneration |
- |
- |
0.1 |
0.2 |
0.2 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
30-Sep-2007 |
30-Sep-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.638712 |
0.619253 |
0.695531 |
0.490834 |
0.535346 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Tangible Fixed Assets |
- |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
- |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Stocks |
- |
0.6 |
0.5 |
0.5 |
0.5 |
|
Trade Debtors |
- |
0.4 |
0.6 |
1.0 |
0.7 |
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Inter-Company Debtors |
1.3 |
0.8 |
0.7 |
0.0 |
0.1 |
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Cash and Equivalents |
- |
0.7 |
0.5 |
1.3 |
0.8 |
|
Other Current Assets |
0.0 |
0.1 |
0.1 |
0.0 |
0.1 |
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Total Current Assets |
1.3 |
2.6 |
2.4 |
2.8 |
2.1 |
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Total Assets |
1.3 |
2.6 |
2.4 |
2.8 |
2.2 |
|
Trade Creditors |
- |
0.3 |
0.3 |
0.6 |
0.6 |
|
Bank Overdraft |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Bank Loan Overdrafts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Inter-Company Creditors |
- |
0.3 |
0.4 |
0.3 |
0.1 |
|
Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.0 |
0.2 |
0.2 |
0.4 |
0.3 |
|
Total Current Liabilities |
0.0 |
0.2 |
0.2 |
0.4 |
0.3 |
|
Working Capital |
1.3 |
1.7 |
1.5 |
1.5 |
1.1 |
|
Total Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.4 |
0.4 |
0.2 |
0.2 |
|
Total Long Term Liabilities |
0.0 |
0.4 |
0.4 |
0.2 |
0.2 |
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Total Liabilities |
0.0 |
0.1 |
0.3 |
0.2 |
0.0 |
|
Issued Capital |
0.0 |
- |
- |
- |
- |
|
Retained Earnings |
1.3 |
1.4 |
1.1 |
1.3 |
1.0 |
|
Total Reserve |
1.3 |
1.4 |
1.1 |
1.3 |
1.0 |
|
Total Shareholders Funds |
1.3 |
1.4 |
1.1 |
1.3 |
1.0 |
|
Net Worth |
1.3 |
1.4 |
1.1 |
1.3 |
1.0 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
30-Sep-2007 |
30-Sep-2006 |
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Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.647573 |
0.641508 |
0.545576 |
0.508116 |
0.555972 |
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Consolidated |
No |
No |
No |
No |
No |
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Retained Profits |
- |
0.1 |
0.4 |
0.2 |
0.0 |
|
Net Cash Flow From Operating Activities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow from ROI and Servicing of Finance |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Taxation |
- |
0.1 |
0.2 |
0.1 |
0.0 |
|
Net Cash Flow Before Financing |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Contingent Liability |
- |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
30-Sep-2007 |
30-Sep-2006 |
|
Period Length |
12 Months |
12 Months |
12 Months |
12 Months |
12 Months |
|
Filed Currency |
- |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
- |
0.619253 |
0.695531 |
0.490834 |
0.535346 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
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|
Current Ratio |
- |
2.92 |
2.62 |
2.15 |
2.15 |
|
Liquidity Ratio |
- |
2.27 |
2.13 |
1.78 |
1.67 |
|
Stock Turnover |
- |
5.46 |
9.17 |
10.05 |
10.53 |
|
Collection Period |
- |
50.67 |
68.61 |
73.53 |
53.59 |
|
Creditor Days (Sales Based) |
- |
39.52 |
33.91 |
41.35 |
41.69 |
|
Insolvency Ratio |
- |
- |
- |
- |
73.14 |
|
Solvency Ratio |
100.00% |
51.91% |
46.61% |
46.23% |
44.33% |
|
Return on Capital Employed |
- |
15.64% |
38.23% |
28.88% |
-1.37% |
|
Return on Assets |
- |
8.12% |
17.82% |
13.35% |
-0.61% |
|
Current Debt Ratio |
- |
0.66 |
0.81 |
1.00 |
1.04 |
|
Return On Short Term Debt |
- |
23.74% |
46.97% |
29.02% |
-1.32% |
|
Long Term Debt Ratio |
- |
0.21 |
0.25 |
0.14 |
0.18 |
|
Total Debt Ratio |
- |
0.93 |
1.15 |
1.16 |
1.26 |
|
Debt Asset Ratio |
- |
34.19% |
37.94% |
46.02% |
45.89% |
|
Working Finance |
- |
717.26% |
643.89% |
1,277.78% |
1,007.08% |
|
Pretax Margin |
- |
6.77% |
10.30% |
7.75% |
-0.26% |
|
Return on Shareholders Funds |
- |
15.64% |
38.23% |
28.88% |
-1.37% |
|
Sales to Fixed Assets |
- |
38,980.00% |
36,662.50% |
18,469.23% |
15,605.88% |
|
Sales to Total Assets |
- |
119.86% |
173.04% |
172.36% |
229.70% |
|
Stock Financing |
- |
0.34 |
0.31 |
0.32 |
0.41 |
|
Fixed Asset Investment |
- |
0.00 |
0.00 |
0.01 |
0.01 |
|
Shareholder Liquidity |
- |
3.73 |
3.02 |
5.96 |
4.53 |
|
Asset Turnover Ratio |
- |
1.82 |
2.79 |
3.19 |
4.24 |
|
Post Tax Result to Net Worth |
-0.12% |
9.95% |
27.85% |
18.79% |
-1.17% |
|
Post Tax Result to Total Assets |
-0.12% |
5.17% |
12.98% |
8.69% |
-0.52% |
|
Post Tax Loss to Net Worth |
0.00 |
0.10 |
0.28 |
0.19 |
-0.01 |
|
Stock to Total Assets |
- |
455.46% |
529.69% |
582.85% |
458.33% |
|
Monthly Turnover |
- |
0.3 |
0.3 |
0.4 |
0.4 |
|
Interest Coverage |
- |
8.25 |
5.49 |
- |
-0.27 |
|
Profit per Employee |
- |
0.0 |
0.1 |
0.1 |
0.0 |
|
Sales per Employee |
- |
0.5 |
1.1 |
1.2 |
1.2 |
|
Capital Employed per Employee |
- |
0.3 |
0.4 |
0.4 |
0.3 |
|
Fixed Assets Per Employee |
- |
0.0 |
0.0 |
0.0 |
0.0 |
|
Shareholders Funds Per Employee |
- |
0.2 |
0.3 |
0.3 |
0.2 |
|
Exports Per Employee |
- |
0.3 |
0.6 |
0.7 |
0.7 |
|
Financial Strength Ratio |
0.00 |
5.46 |
5.08 |
4.10 |
4.04 |
|
Reserve Movement |
-0.12% |
6.84% |
22.67% |
25.78% |
-0.19% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.72 |
|
UK Pound |
1 |
Rs.86.98 |
|
Euro |
1 |
Rs.70.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.