MIRA
INFORM REPORT
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Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
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Name : |
ESME VALVES LTD. |
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Registered Office : |
Coronation Road, |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
06.02.2001 |
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Com. Reg. No.: |
04154700 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Manufacture of taps and valves. |
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No. of Employees : |
Not Available |
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 and address
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Esme Valves Ltd. |
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Employees: |
NA |
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Company Type: |
Private Subsidiary |
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Corporate
Family: |
2 Companies |
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Ultimate Parent: |
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Quoted Status: |
Non-quoted Company |
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Incorporation
Date: |
06-Feb-2001 |
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Fiscal Year End:
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31-Mar-2011 |
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Reporting
Currency: |
British Pound
Sterling |
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Annual Sales: |
NA |
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Total Assets: |
0.9 |
Business Description
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Manufacture of taps and valves. |
Industry
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Industry |
Construction -
Supplies and Fixtures |
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ANZSIC 2006: |
2122 - Steel
Pipe and Tube Manufacturing |
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NACE 2002: |
2722 - Manufacture
of steel tubes |
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NAICS 2002: |
331210 - Iron
and Steel Pipe and Tube Manufacturing from Purchased Steel |
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2722 -
Manufacture of steel tubes |
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US SIC 1987: |
3317 - Steel
Pipe and Tubes |
Key Executives
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Financial Summary
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registered No.(UK
04154700
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6433939
2 - Balance Sheet
Item Exchange Rate: USD 1 = GBP 0.6238497
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Industry
Codes
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Business
Description
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Financial
Data
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Corporate Structure News
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Esme Valves Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
Source |
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Parent |
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Miscellaneous Fabricated Products |
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13 |
EXP |
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Subsidiary |
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Construction - Supplies and Fixtures |
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EXP |
Executives Report
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 01256 464646 |
Annual Return Date: 06 Feb 2012 |
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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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Current |
29 Mar 1936 |
Ivy Farm, Farringdon, |
06 Feb 2001 |
NA |
Current:3 |
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Current |
21 Jun 1961 |
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30 Jun 2001 |
NA |
Current:2 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Qa Nominees Limited |
Previous |
- The Studio, St Nicholas Close, |
06 Feb 2001 |
06 Feb 2001 |
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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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Current |
NA |
Coronation Road, Basingstoke, |
31 Aug 2011 |
NA |
Current:1 |
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Previous |
17 Dec 1947 |
4 Dorrel Close, |
30 Jun 2001 |
31 Aug 2011 |
Current:0 |
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Previous |
29 Mar 1936 |
Ivy Farm, Farringdon, |
06 Feb 2001 |
30 Jun 2001 |
Current:3 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Qa Registrars Limited |
Previous |
The Studio, St Nicholas Close, |
06 Feb 2001 |
06 Feb 2001 |
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Individual Shareholders |
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There are no individual shareholders for this company. |
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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 |
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00355909 |
100 Ordinary GBP 1.00 |
Ordinary |
100 |
1.00 |
100.00 |
100.00 |
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Annual Profit & Loss
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Financials in: USD (mil) |
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Except for share items (millions) and per share
items (actual units) |
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
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Financials in:
USD (mil) |
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
0.0 |
- |
0.0 |
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Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
- |
0.0 |
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Plant & Vehicles |
0.0 |
0.0 |
0.0 |
- |
0.0 |
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Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Stocks Work In Progress |
0.4 |
0.4 |
0.4 |
0.6 |
0.5 |
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Total Debtors |
0.3 |
0.2 |
0.2 |
0.5 |
0.3 |
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Cash and Equivalents |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
0.9 |
0.8 |
0.8 |
1.3 |
1.0 |
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Total Assets |
0.9 |
0.8 |
0.8 |
1.3 |
1.0 |
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Other Current Liabilities |
0.7 |
0.6 |
0.6 |
1.0 |
0.8 |
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Total Current Liabilities |
0.7 |
0.6 |
0.6 |
1.0 |
0.8 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Retained Earnings |
0.2 |
0.2 |
0.2 |
0.3 |
0.1 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
0.2 |
0.2 |
0.2 |
0.3 |
0.1 |
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Net Worth |
0.2 |
0.2 |
0.2 |
0.3 |
0.1 |
Annual Cash Flows
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Financials in:
USD (mil) |
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
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Consolidated |
No |
No |
No |
No |
No |
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Annual Ratios
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Financials in:
USD (mil) |
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31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
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Consolidated |
No |
No |
No |
No |
No |
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Current Ratio |
1.32 |
1.39 |
1.40 |
1.32 |
1.14 |
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Liquidity Ratio |
0.68 |
0.72 |
0.72 |
0.75 |
0.59 |
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Equity Gearing |
24.38% |
28.58% |
28.57% |
24.68% |
13.52% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.73 |
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1 |
Rs.87.26 |
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Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
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Report Prepared by
: |
PDT |
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 |
-- |
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.