MIRA INFORM REPORT

 

 

Report Date :

07.05.2012

 

IDENTIFICATION DETAILS

 

Name :

POWER-ALL EUROPE LTD.

 

 

Registered Office :

Freshfield, Cassia Green, Marton, Winsford, CW7 2PZ

 

 

Country :

United States 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

24.03.2006

 

 

Com. Reg. No.:

057s55064

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Subject is engaged in heavy duty agricultural, truck, lift truck and industrial markets

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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 

 

Power-All Europe Ltd.

Freshfield

Cassia Green

Marton

Winsford, CW7 2PZ

United Kingdom

 

 

Synthesis

           

Employees:                  NA

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         24-Mar-2006    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                 0.1

 

 

Business Description     

 

Subject is engaged in heavy duty agricultural, truck, lift truck and industrial markets

 

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

Catherine Dorothy Watson

Retired

Robin Charles Drury

Chartered Engineer

 

 

 

Financial Summary    

 

FYE: 31-Mar-2011          USD (mil)

Key Figures    

Current Assets              0.07

Fixed Assets                 0.0045

Total Liabilities               0.0000

Net Worth                     0.05

 

Key Ratios

Current Ratio     4.47

Liquidity Ratio    2.96

 

Registered No.(UK): 05755064

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497

 

 

Corporate Overview

 

Location

Freshfield

Cassia Green

Marton

Winsford, CW7 2PZ

Cheshire County

United Kingdom

           

Sales GBP(mil):             NA

Assets GBP(mil):           0.0

Employees:                   NA

Fiscal Year End:            31-Mar-2011

Industry:                        Business Services

           

Registered Address:

Freshfield

Cassia Green Marton

Winsford, CW7 2PZ

United Kingdom

 

Incorporation Date:         24-Mar-2006

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       05755064

Chartered Engineer:       Robin Charles Drury

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

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

Subject is engaged in heavy duty agricultural, truck, lift truck and industrial markets

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

0.0

Current Assets:

0.0

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Issued Capital:

0.0

 

Working Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

22.0%

 

Key Corporate Relationships

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

03-31-2011

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Robin Charles Drury

 

Chartered Engineer

Director/Board Member

 

Catherine Dorothy Watson

 

Retired

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Catherine Dorothy Watson

 

Retired

Company Secretary

 

Robin Charles Drury

 

Chartered Engineer

Engineering/Technical Executive

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Freshfield
Cassia Green
Winsford
United Kingdom CW7 2PZ

 

Annual Return Date: 24 Mar 2011
Total Issued Capital (GBP 000): 1

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Robin Charles 
Drury

Current

12 Apr 1952

Freshfield Cassia Green, Marton, 
Winsford, Cheshire CW7 2PZ

24 Mar 2006

NA

Current:2
Previous:0
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

 

Catherine Dorothy 
Watson

Current

31 Dec 1948

Freshfield, Cassia Green Marton, 
Winsford, Cheshire CW7 2PZ

23 Jan 2008

NA

Current:1
Previous:0
Disqualifications:0

 

George 
Snape

Previous

NA

214 High Street,
Winsford, Cheshire CW7 2AU

24 Mar 2006

23 Jan 2007

Current:1
Previous:28
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

Catherine Watson

201 Ordinary GBP 1.00

Ordinary

201

1.00

201.00

25.06

Geoffrey Young

200 Ordinary GBP 1.00

Ordinary

200

1.00

200.00

24.94

Josie Young

200 Ordinary GBP 1.00

Ordinary

200

1.00

200.00

24.94

Robin Drury

201 Ordinary GBP 1.00

Ordinary

201

1.00

201.00

25.06

 

 

 

 

 

 

 

 

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-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Audit Fees

0.0

0.0

0.0

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.503145

0.509853

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.0

0.0

0.0

-

-

Total Fixed Assets

0.0

0.0

0.0

-

-

Total Stocks

0.0

0.0

0.0

0.0

0.0

Trade Debtors

0.0

0.0

0.0

0.0

0.0

Cash and Equivalents

0.0

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

0.1

0.1

0.1

0.0

0.0

Total Assets

0.1

0.1

0.1

0.0

0.0

Trade Creditors

0.0

0.0

0.0

0.0

0.0

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

Director Loans

-

-

-

-

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

0.0

0.0

0.0

0.0

0.0

Working Capital

0.1

0.1

0.0

0.0

0.0

Bank Loans (Long Term Liability)

-

-

-

-

0.0

Total Long Term Loans

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

Issued Capital

0.0

-

-

-

-

Retained Earnings

0.0

0.0

0.0

0.0

0.0

Total Reserve

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

0.0

0.0

0.0

0.0

0.0

Net Worth

0.0

0.0

0.0

0.0

0.0

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Paid Up Equity

0.0

0.0

0.0

0.0

0.0

 

 

Annual Ratios

 

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

-

-

-

-

-

Exchange Rate

-

-

-

-

-

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

4.47

8.80

3.70

1.81

6.26

Liquidity Ratio

2.96

6.61

1.87

0.34

4.27

Solvency Ratio

61.20%

37.98%

30.29%

7.61%

4.27%

Current Debt Ratio

0.35

0.28

0.87

7.25

3.75

Long Term Debt Ratio

0.22

0.58

0.59

0.83

0.95

Total Debt Ratio

0.63

1.63

2.30

12.14

22.44

Debt Asset Ratio

21.12%

10.51%

26.33%

55.14%

15.98%

Working Finance

533.36%

179.53%

224.69%

268.42%

125.39%

Stock Financing

0.43

0.28

0.68

1.81

0.38

Fixed Asset Investment

0.06

0.08

0.03

-

-

Shareholder Liquidity

3.46

0.74

0.70

0.20

0.05

Stock to Total Assets

314.59%

434.30%

207.62%

123.15%

315.28%

Financial Strength Ratio

7.72

16.76

7.00

7.05

29.22

Reserve Movement

82.83%

34.95%

716.05%

334.91%

-

 

 

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.