MIRA INFORM REPORT

 

 

Report Date :

07.05.2012

 

IDENTIFICATION DETAILS

 

Name :

HOLOVIS INTERNATIONAL LTD

 

 

Registered Office :

Brick Barn, Bittesby House Farm Cottage, Bittesby, Lutterworth, LE17 4JH

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

02.11.2004

 

 

Com. Reg. No.:

05275613

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Digital signage solutions

 

 

No. of Employees :

21

 

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 & address 

 

Holovis International Ltd

Brick Barn

Bittesby House Farm Cottage

Bittesby

Lutterworth, LE17 4JH

United Kingdom

Tel:       01455553924

Fax:      01455557746

Web:     www.holovis.com 

           

 

Synthesis

 

Employees:                  21

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         02-Nov-2004     

Financials in:                 usd (Millions)

Fiscal Year End:            31-Jan-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                1.9

 

           

Business Description     

 

Digital signage solutions.

 

Industry             

Industry            Business Services

ANZSIC 2006:    6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified

NACE 2002:      7487 - Other business activities not elsewhere classified

NAICS 2002:     5619 - Other Support Services

UK SIC 2003:    7487 - Other business activities not elsewhere classified

US SIC 1987:    7389 - Business Services, Not Elsewhere Classified

 

           


Key Executives   

 

Name

Title

Stuart Andrew Hetherington

Managing Director

Jane Barbara Hetherington

Secretary

Joseph Sidney Robert Jurado

Technical Director

 

 

Financial Summary

 

FYE: 31-Jan-2011          USD (mil)

Key Figures    

Current Assets              1.08

Fixed Assets                 0.79

Total Liabilities               1.28

Net Worth                     0.56

 

Key Ratios

Current Ratio                 0.85

Acid Test                      0.72

 

Registered No.(UK): 05275613

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6487866

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6243172

 

 

Corporate Overview

 

Location

Brick Barn

Bittesby House Farm Cottage

Bittesby

Lutterworth, LE17 4JH

Leicestershire County

United Kingdom

Tel:       01455553924

Fax:      01455557746

Web:    www.holovis.com

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.2

Employees:                   21

Fiscal Year End:            31-Jan-2011

Industry:                        Business Services

           


Registered Address:

The Brick Barn, Bittesby Farm

Mere Lane

Lutterworth, LE17 4JH

United Kingdom

 

Incorporation Date:         02-Nov-2004

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       05275613

Managing Director:         Stuart Andrew Hetherington

 

Contents

Industry Codes

Business Description

Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

6999     -          Other Professional, Scientific and Technical Services Not Elsewhere Classified

 

NACE 2002 Codes:

7487     -          Other business activities not elsewhere classified

 

NAICS 2002 Codes:

5619     -          Other Support Services

 

US SIC 1987:

7389     -          Business Services, Not Elsewhere Classified

 

UK SIC 2003:

7487     -          Other business activities not elsewhere classified

 

Business Description

Digital signage solutions.

 

More Business Descriptions

Projection Screens - Mfrs & Suppliers

 

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.2

Current Assets:

0.7

 

Fixed Assets:

0.5

 

Long Term Debt:

0.0

 

Total Liabilities:

0.8

 

Issued Capital:

0.1

 

Working Capital:

-0.1

 

Net Worth:

0.3

 

 

 

Date of Financial Data:

31-Jan-2011

 

1 Year Growth

NA

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Stuart Andrew Hetherington

 

Managing Director

Managing Director

 

Jane Barbara Hetherington

 

Secretary

Company Secretary

 

Joseph Sidney Robert Jurado

 

Technical Director

Engineering/Technical Executive

 


Directors and Shareholders Report

 

Main Office Address:
Brick Barn
Bittesby House Farm Cottage
Lutterworth
United Kingdom LE17 4JH

Tel: 01455553924
Fax: 01455557746
URL:http://www.holovis.com

Annual Return Date: 02 Nov 2011
Total Issued Capital (GBP 000): 100

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Stuart Andrew 
Hetherington

Current

05 Jun 1973

The Brick Barn Bittesby Farm, Mere Lane, 
Lutterworth, Leicestershire LE17 4JH

12 Nov 2004

NA

Current:1
Previous:0
Disqualifications:0

 

Joseph Sidney Robert 
Jurado

Current

10 Apr 1951

The Cart House Bittesby Farm, Mere Lane, 
Lutterworth, Leicestershire LE17 4JH

12 Nov 2004

NA

Current:2
Previous:1
Disqualifications:0

 

Paul Douglas 
Hetherington

Previous

19 Mar 1975

40 Holly Drive, 
Lutterworth, Leicestershire LE17 4RJ

12 Nov 2004

21 Oct 2010

Current:0
Previous:2
Disqualifications:0

 

Broderick Giles Edward 
Munro-Wilson

Previous

18 Jun 1945

2 Bristol Mews, Little Venice, 
Maida Vale, London W9 2JF

12 Nov 2004

25 Feb 2010

Current:2
Previous:6
Disqualifications:0

 

Maurice 
Linscott

Previous

09 Sep 1958

The Cart House Bittesby Farm, Mere Lane, 
Lutterworth, Leicestershire LE17 4JH

01 Feb 2011

31 Aug 2011

Current:0
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Form 10 Directors Fd Limited

Previous

39A Leicester Road, Salford, 
Salford, Greater Manchester M7 4AS

02 Nov 2004

03 Nov 2004

 

 

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Jane Barbara 
Hetherington

Current

NA

The Brick Barn Bittesby Farm, Mere Lane, 
Lutterworth, Leicestershire LE17 4JH

22 Oct 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Paul Douglas 
Hetherington

Previous

19 Mar 1975

40 Holly Drive, 
Lutterworth, Leicestershire LE17 4RJ

12 Nov 2004

21 Oct 2010

Current:0
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Form 10 Secretaries Fd Limited

Previous

1St Floor 47, Bury New Road Prestwich, 
Manchester, Greater Manchester M25 9JY

02 Nov 2004

03 Nov 2004

 

 

 

 

Individual Shareholders

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Joe Jurado

25000 Ordinary GBP 1.00

Ordinary

25,000

1.00

25,000.00

25.00

Mark Burgess

5000 Ordinary GBP 1.00

Ordinary

5,000

1.00

5,000.00

5.00

Stuart Hetherington

45000 Ordinary GBP 1.00

Ordinary

45,000

1.00

45,000.00

45.00

The Abercorn Trust

25000 Ordinary GBP 1.00

Ordinary

25,000

1.00

25,000.00

25.00

 

 

 

 

 

 

 

 

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-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.648787

0.635292

0.558389

0.499611

0.53864

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.4

0.4

0.3

0.2

0.1

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

31-Jan-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.624317

0.624064

0.717437

0.503018

0.510882

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.8

1.1

0.6

0.7

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

0.8

1.1

0.6

0.7

0.2

Total Stocks Work In Progress

0.2

0.7

0.4

0.7

0.0

Total Debtors

0.3

0.9

0.4

0.2

0.1

Cash and Equivalents

0.6

0.9

0.6

0.5

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1.1

2.5

1.4

1.5

0.2

Total Assets

1.9

3.6

2.0

2.2

0.3

Director Loans (Current Liability)

-

-

0.0

-

-

Other Current Liabilities

1.3

2.6

1.0

1.2

0.1

Total Current Liabilities

1.3

2.6

1.0

1.2

0.1

Group Loans (Long Term Liability)

-

-

0.0

0.0

0.0

Director Loans (Long Term Liability)

-

-

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

-

-

0.0

0.0

0.0

Leasing (Long Term Liability)

-

-

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

-

-

0.0

0.0

0.0

Other Long Term Loans

-

-

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

-

-

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.1

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.1

0.0

0.0

0.0

Deferred Taxation

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

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.6

1.0

0.9

1.0

0.2

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

0.6

1.0

0.9

1.0

0.2

Net Worth

0.6

1.0

0.9

1.0

0.2

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.648787

0.635292

0.558389

0.499611

0.53864

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.624317

0.624064

0.717437

0.503018

0.510882

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

0.85

0.98

1.34

1.25

1.16

Liquidity Ratio

0.72

0.70

0.98

0.64

0.84

Borrowing Ratio

-

-

0.05%

-

-

Equity Gearing

29.78%

26.26%

47.06%

43.35%

58.46%

 

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%)

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.