MIRA
INFORM REPORT
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Report Date : |
08.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ISOPRIME LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2010 |
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Date of Incorporation : |
26.11.2007 |
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Com. Reg. No.: |
06436978 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Manufacture instruments for measuring, computers and process equipment, agent in industrial equipment and wholesale of other electronic parts and equipment |
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No. of Employees : |
15 |
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
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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
Isoprime Ltd.
Isoprime House
Tel: 01614883660
Fax: 01614883699
Web: www.isoprime.co.uk
synthesis
Employees: 15
Company Type: Private Subsidiary
Corporate Family: 2
Companies
Ultimate Parent: Elementar Analysensysteme Gmbh
Quoted Status: Non-quoted Company
Incorporation Date: 26-Nov-2007
Auditor: Beever And Struthers
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2010
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Total Assets: 4.2
Business Description
Manufacture instruments for measuring, computers and process equipment, agent in industrial equipment and wholesale of other electronic parts and equipment.
Industry
Industry Computer Hardware
ANZSIC 2006: 2421 - Computer
and Electronic Office Equipment Manufacturing
NACE 2002: 3002 - Manufacture
of computers and other information processing equipment
NAICS 2002: 33411 - Computer
and Peripheral Equipment Manufacturing
UK SIC 2003: 3002 - Manufacture
of computers and other information processing equipment
US SIC 1987: 3571 - Electronic
Computers
Key Executives
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Name |
Title |
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Friedrich Sieper |
Managing Director |
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Paul David Wheeler |
Secretary |
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Paul McEnroe |
Buyer |
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Albrecht Michael Sieper |
Director |
Financial Summary
FYE: 31-Dec-2010 USD (mil)
Key Figures
Current Assets 4.02
Fixed Assets 0.15
Total Liabilities 2.17
Net Worth 2.28
Key Ratios
Current Ratio 1.85
Acid Test 1.11
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
Isoprime House
Tel: 01614883660
Fax: 01614883699
Web: www.isoprime.co.uk
Sales GBP(mil): NA
Assets GBP(mil): 2.7
Employees: 15
Fiscal Year End: 31-Dec-2010
Industry: Computer Hardware
Registered
Address:
Cheadle Hulme
Incorporation Date: 26-Nov-2007
Company Type: Private Subsidiary
Quoted Status: Not Quoted
Registered No.(
Managing Director: Friedrich
Sieper
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
3739 - Other Goods Wholesaling Not Elsewhere Classified
2419 - Other Professional and Scientific Equipment Manufacturing
2421 - Computer and Electronic Office Equipment Manufacturing
NACE 2002 Codes:
3002 - Manufacture of computers and other information processing
equipment
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
5190 - Other wholesale
5114 - Agents involved in the sale of machinery, industrial
equipment, ships and aircraft
NAICS 2002 Codes:
423990 - Other Miscellaneous Durable Goods Merchant Wholesalers
425120 - Wholesale Trade Agents and Brokers
33411 - Computer and Peripheral Equipment Manufacturing
334513 - Instrument's and Related Products Manufacturing for
Measuring, Displaying, and Controlling Industrial Process Variable
US SIC 1987:
5099 - Durable Goods, Not Elsewhere Classified
3571 - Electronic Computers
3823 - Industrial Instruments for Measurement, Display, and
Control of Process Variables; and Related Products
3002 - Manufacture of computers and other information processing
equipment
3320 - Manufacture of instruments and appliances for measuring,
checking, testing, navigating and other purposes, except industrial process
control equipment
5190 - Other wholesale
5114 - Agents involved in the sale of machinery, industrial
equipment, ships and aircraft
Business
Description
Manufacture instruments for measuring, computers and process equipment, agent in industrial equipment and wholesale of other electronic parts and equipment.
More Business
Descriptions
Scientific Machinery and Instrument Manufacturers
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Corporate
Family |
Corporate
Structure News: |
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Isoprime Ltd. |
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Isoprime Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Elementar Analysensysteme Gmbh |
Parent |
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Isoprime Ltd. |
Subsidiary |
Cheadle |
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Computer Hardware |
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15 |
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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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Executives |
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Managing Director |
Managing Director |
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Secretary |
Company Secretary |
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Buyer |
Merchandise Management Executive |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 01614883660 |
Annual Return Date: 26 Nov 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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Albrecht Michael |
Current |
12 Jul 1973 |
Alter Graben 20, |
26 Nov 2007 |
NA |
Current:1 |
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Friedrich |
Current |
09 Jan 1942 |
Heinestrasse 12 D-0825 |
26 Nov 2007 |
NA |
Current:1 |
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Dieter |
Previous |
21 Nov 1957 |
Hadrianstrasse 29, |
26 Nov 2007 |
31 Dec 2009 |
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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Paul David |
Current |
NA |
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31 May 2009 |
NA |
Current:1 |
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Friedrich |
Previous |
09 Jan 1942 |
Heinestrasse 12 D-0825 Korntal-Munchingen, |
26 Nov 2007 |
31 May 2009 |
Current:1 |
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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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Elemntar Analysensysteme GmbH |
200000 Ordinary GBP 1.00 |
Ordinary |
200,000 |
1.00 |
200,000.00 |
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
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units),
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31-Dec-2010 |
30-Nov-2009 |
30-Nov-2008 |
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Period Length |
56 Weeks |
52 Weeks |
53 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.647573 |
0.646269 |
0.530439 |
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Consolidated |
No |
No |
No |
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Depreciation |
0.2 |
0.1 |
0.1 |
Annual Balance Sheet
Financials in: USD (mil)
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31-Dec-2010 |
30-Nov-2009 |
30-Nov-2008 |
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Filed Currency |
GBP |
GBP |
GBP |
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Exchange Rate |
0.638712 |
0.609347 |
0.651699 |
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Consolidated |
No |
No |
No |
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Total Tangible Fixed Assets |
0.5 |
0.6 |
0.6 |
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Intangible Assets |
-0.4 |
-0.4 |
-0.4 |
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Investments |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.1 |
0.2 |
0.1 |
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Total Stocks Work In Progress |
1.6 |
0.7 |
0.7 |
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Total Debtors |
1.4 |
0.8 |
1.6 |
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Cash and Equivalents |
1.0 |
0.4 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
4.0 |
1.9 |
2.3 |
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Total Assets |
4.2 |
2.1 |
2.4 |
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Other Current Liabilities |
2.2 |
0.9 |
0.7 |
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Total Current Liabilities |
2.2 |
0.9 |
0.7 |
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Group Loans (Long Term Liability) |
0.0 |
- |
- |
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Director Loans (Long Term Liability) |
0.0 |
- |
- |
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Hire Purchase (Long Term Liability) |
0.0 |
- |
- |
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Leasing (Long Term Liability) |
0.0 |
- |
- |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
- |
- |
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Other Long Term Loans |
0.0 |
- |
- |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
- |
- |
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Other Long Term Liabilities |
0.0 |
0.4 |
1.4 |
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Total Long Term Liabilities |
0.0 |
0.4 |
1.4 |
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Other Provisions |
0.1 |
0.1 |
0.0 |
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Total Provisions |
0.1 |
0.1 |
0.0 |
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Issued Capital |
0.3 |
0.3 |
0.3 |
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Share Premium Accounts |
0.0 |
0.0 |
0.0 |
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Revaluation Reserve |
0.0 |
0.0 |
0.0 |
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Retained Earnings |
1.6 |
0.4 |
0.0 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
1.9 |
0.7 |
0.3 |
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Net Worth |
2.3 |
1.1 |
0.8 |
Annual Cash Flows
Financials in: USD (mil)
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31-Dec-2010 |
30-Nov-2009 |
30-Nov-2008 |
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Period Length |
56 Weeks |
52 Weeks |
53 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.647573 |
0.646269 |
0.530439 |
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Consolidated |
No |
No |
No |
Annual Ratios
Financials in: USD (mil)
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31-Dec-2010 |
30-Nov-2009 |
30-Nov-2008 |
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Period Length |
56 Weeks |
52 Weeks |
53 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
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Exchange Rate |
0.638712 |
0.609347 |
0.651699 |
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Consolidated |
No |
No |
No |
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Current Ratio |
1.85 |
2.03 |
3.29 |
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Liquidity Ratio |
1.11 |
1.32 |
2.34 |
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Equity Gearing |
46.18% |
34.07% |
14.04% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.34 |
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UK Pound |
1 |
Rs.86.09 |
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Euro |
1 |
Rs.69.37 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.