MIRA INFORM REPORT

 

 

Report Date :

03.11.2012

 

IDENTIFICATION DETAILS

 

Name :

CINPRES GAS INJECTION LTD.  

 

 

Registered Office :

C/O Bi Group Plc Barlow Road, Aldermans Green Industrial Est, Coventry, CV2 2LD

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

30.11.2011

 

 

Date of Incorporation :

29.06.1984

 

 

Com. Reg. No.:

01828895

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

manufacturer of gas assisted moulding equipment

 

 

No. of Employees :

16 employees

 

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 :

Slow but Correct

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

United Kingdom 

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

United Kingdom - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

 

Source : CIA

 

 

Company name & address 

 

Cinpres Gas Injection Ltd. 

Unit 1

4

Prosperity Court

Middlewich, CW10 0GD

United Kingdom

Tel:       01606839800

Fax:      01606839801

Web:    www.gasinjection.com

 

           

synthesis

 

Employees:                  16

Company Type:             Private Subsidiary

Corporate Family:          59 Companies

Ultimate Parent:             National Industries Group Holding

Quoted Status:              Non-quoted Company

Incorporation Date:         29-Jun-1984

Auditor:                        Grant Thornton UK LLP 

Financials in:                 USD (Millions)

Fiscal Year End:            30-Nov-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               3.2  1

Net Income:                   (0.1)

Total Assets:                 1.7

 

 

Business Description     

 

Cinpres Gas Injection Ltd. is a manufacturer of gas assisted moulding equipment. The company’s product line includes gas control and preparation products, as well as accessories, such as fixed, retractable and machine gas nozzles. It also offers a wide range of applications for gas moulding processes that include internal, external, water injection and physical foam gas moulding. It serves computers, colour televisions, consumer electronics, automobiles, home furniture and packaging industries.

 

Industry             

Industry            Personal Services

ANZSIC 2006:    9539 - Other Personal Services Not Elsewhere Classified

NACE 2002:      9305 - Other service activities not elsewhere classified

NAICS 2002:     8129 - Other Personal Services

UK SIC 2003:    9305 - Other service activities not elsewhere classified

UK SIC 2007:    9609 - Other personal service activities n.e.c.

US SIC 1987:    7299 - Miscellaneous Personal Services, Not Elsewhere Classified

 

Key Executives   

 

Name

Title

Chris Golding

Finance Director

Kai Wilbraham

Manager-Purchasing, Supply Chain & Special Projects

Matthew Sayer

Director-Technical

Andy McCormack

Manager-Production

Jonathan Michael Butler

Director

 

 

news

 

Title

Date

Cinpres: Huf Acquires Extended Gas Injection Licenses
Business Wire (419 Words)

6-Jan-2012

 

 

Financial summary

 

FYE: 30-Nov-2011

USD (mil)

Key Figures

 

Current Assets

1.51

Fixed Assets

0.20

Total Liabilities

0.59

Net Worth

-3.50

 

Key Ratios

 

Current Ratio

2.57

Acid Test

2.18

Debt Gearing

-126.95

 

 

 

Registered No.(UK): 01828895

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6238039

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6358088

 

Corporate Overview

 

Location

Unit 1

4

Prosperity Court

Middlewich, CW10 0GD

Cheshire County

United Kingdom

Tel:       01606839800

Fax:      01606839801

Web:    www.gasinjection.com

           

Sales GBP(mil):             2.0

Assets GBP(mil):           1.1

Employees:                   16

Fiscal Year End:            30-Nov-2011

Industry:            Personal Services

           

Registered Address:

C/O Bi Group Plc Barlow Road

Aldermans Green Industrial Est

Coventry, CV2 2LD

United Kingdom

 

Incorporation Date:         29-Jun-1984

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       01828895

Director:                        Duncan Dargie Mcdougall

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

9539     -          Other Personal Services Not Elsewhere Classified

 

NACE 2002 Codes:

9305     -          Other service activities not elsewhere classified

 

NAICS 2002 Codes:

8129     -          Other Personal Services

 

US SIC 1987:

7299     -          Miscellaneous Personal Services, Not Elsewhere Classified

 

UK SIC 2003:

9305     -          Other service activities not elsewhere classified

 

UK SIC 2007:

9609     -          Other personal service activities n.e.c.

 

Business Description

Cinpres Gas Injection Ltd. is a manufacturer of gas assisted moulding equipment. The company’s product line includes gas control and preparation products, as well as accessories, such as fixed, retractable and machine gas nozzles. It also offers a wide range of applications for gas moulding processes that include internal, external, water injection and physical foam gas moulding. It serves computers, colour televisions, consumer electronics, automobiles, home furniture and packaging industries.

 

More Business Descriptions

Injection Molded Plastic Products Mfr

Gas (Industrial and Medical Compressed)

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

2.0

Net Income:

-0.1

Assets:

1.1

Current Assets:

1.0

 

Fixed Assets:

0.1

 

Long Term Debt:

2.8

 

Total Liabilities:

3.2

 

Issued Capital:

9.4

 

Working Capital:

0.6

 

Net Worth:

-2.2

 

 

 

Date of Financial Data:

30-Nov-2011

 

1 Year Growth

5.4%

NA

NA

 

Key Corporate Relationships

Auditor:

Grant Thornton UK LLP

 

Auditor:

Grant Thornton UK LLP

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

11-30-2011

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

National Industries Group Holding
Cinpres Gas Injection Ltd.

Cinpres Gas Injection Ltd. 
Total Corporate Family Members: 59 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

National Industries Group Holding

Parent

Kuwait City

Kuwait

Investment Services

375.1

3,732

National Industries Company KSCC

Subsidiary

Al-Shuwaikh

Kuwait

Construction - Raw Materials

145.9

1,476

Al Ahleia Insurance Company SAK

Subsidiary

Kuwait City

Kuwait

Insurance (Property and Casualty)

64.8

178

United Cast Bar (UK) Ltd.

Subsidiary

Chesterfield

United Kingdom

Iron and Steel

48.0

103

Noor Financial Investment Co KSCC

Subsidiary

Kuwait City

Kuwait

Investment Services

21.6

37

Noor Petroleum Company

Subsidiary

Damascus

Syria

Investment Services

 

 

Bi Group PLC

Subsidiary

Sutton Coldfield

United Kingdom

Business Services

0.4

6

Bi Composites Ltd.

Subsidiary

Cannock

United Kingdom

Fabricated Plastic and Rubber

13.1

124

Europlas Products Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

George Wilson Industries Ltd.

Subsidiary

Coventry

United Kingdom

Scientific and Technical Instruments

8.2

91

UCB Germany GmbH

Subsidiary

Lampertheim, Hessen

Germany

Iron and Steel

 

30

Diamond H Controls Ltd.

Subsidiary

Coventry

United Kingdom

Business Services

1.7

4

Robinson And Hudson Manufacturing Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Ucb Starkey's Technicast Ltd.

Subsidiary

Hull

United Kingdom

Iron and Steel

0.0

 

Ucb Ferrocast Ltd.

Subsidiary

Chesterfield

United Kingdom

Miscellaneous Capital Goods

8.6

9

Bi Plastics Ltd.

Subsidiary

Birmingham

United Kingdom

Fabricated Plastic and Rubber

 

 

Cinpres Gas Injection Ltd.

Subsidiary

Middlewich

United Kingdom

Personal Services

3.2

16

Dmwsl 110 Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Prestige Medical Ltd.

Subsidiary

Blackburn

United Kingdom

Medical Equipment and Supplies

8.8

64

Ucb Eurocast Bar Ltd.

Subsidiary

Chesterfield

United Kingdom

Nonclassifiable Industries

 

 

Equestralite Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

GMT GmbH

Subsidiary

Gross-Gerau, Frankfurt

Germany

Oil Well Services and Equipment

 

 

Cortworth Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Cortworth Finance Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Bi Precision Ltd.

Subsidiary

Coventry

United Kingdom

Business Services

 

 

Havenup (1) Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Havenup (3) Ltd.

Subsidiary

Birmingham

United Kingdom

Nonclassifiable Industries

 

 

Bi Group Properties Ltd.

Subsidiary

Birmingham

United Kingdom

Nonclassifiable Industries

 

 

Cambridge Hand Tools Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Alpha Zinc Ltd.

Subsidiary

Walsall

United Kingdom

Nonclassifiable Industries

 

 

Banafix Ltd.

Subsidiary

High Wycombe

United Kingdom

Nonclassifiable Industries

 

 

Banafix Gulf Ltd.

Subsidiary

Birmingham B16 8Pz

United Kingdom

Nonclassifiable Industries

 

 

Gas Injection Ltd.

Subsidiary

Middlewich

United Kingdom

Nonclassifiable Industries

 

 

G. I. Plant Leasing Ltd.

Subsidiary

Coventry

United Kingdom

Consumer Financial Services

 

 

Bi Industrial Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Birmingham Battery And Metal Co. Ltd. (The)

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Birmingham Battery Engineering Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

R White Engineering Co. (Coventry) Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Bromsgrove Forgings Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Tempered Strip Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

B. I. N. I. B Ltd.

Subsidiary

Birmingham West

United Kingdom

Nonclassifiable Industries

 

 

Pullman Pans (Penicuik) Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Bi Group Pension Trustees Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Bromsgrove Metals Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Bi Bakeware Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Milomill Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Bi Medical Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Bridgtown Industries Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Bromsgrove Offshore Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Eurocast Bar Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

Cinpres Ltd.

Subsidiary

Coventry

United Kingdom

Nonclassifiable Industries

 

 

UCB Comercial Cast-Profil S.A.

Subsidiary

Zaragoza, Barcelona

Spain

Iron and Steel

 

 

UCB Austria

Subsidiary

Graz

Austria

Miscellaneous Capital Goods

 

6

Cinpres Gas Injection Inc

Subsidiary

Whitmore Lake, MI

United States

Construction - Supplies and Fixtures

 

4

National Industries Company KSC (Closed)

Subsidiary

Safat

Kuwait

Construction - Raw Materials

145.9

 

Nic Holdings (UK) PLC

Subsidiary

Sutton Coldfield

United Kingdom

Business Services

 

 

Sulaibiyha Factories Group

Subsidiary

Kuwait

Kuwait

Furniture and Fixtures

 

 

Kuwait Financial Centre SAK

Subsidiary

Safat

Kuwait

Investment Services

 

 

Ikarus Petroleum Industries Co KSCC

Subsidiary

Yarmouk

Kuwait

Investment Services

 

 



Executive report

 

Board of Directors

 

Name

Title

Function

 

Jonathan Michael Butler

 

Director

Director/Board Member

 

Age: 46

 

James William Buchanan Jenkinson

 

Director

Director/Board Member

 

 

Age: 52

 

Duncan Dargie Mcdougall

 

Director

Director/Board Member

 

 

Age: 49

 

Alan Mcintosh Rodger

 

Director

Director/Board Member

 

 

Age: 54

 

 

 

Executives

 

Name

Title

Function

 

Chris Golding

 

Finance Director

Finance Executive

 

Matthew Sayer

 

Director-Technical

Engineering/Technical Executive

 

Andy McCormack

 

Manager-Production

Manufacturing Executive

 

Kai Wilbraham

 

Manager-Purchasing, Supply Chain & Special Projects

Purchasing Executive

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Unit 1
4
Middlewich
United Kingdom CW10 0GD

Tel: 01606839800
Fax: 01606839801
URL:http://www.gasinjection.com/

Annual Return Date:01 Dec 2011
Total Issued Capital (GBP 000):9,400

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Jonathan Michael 
Butler

Current

22 Jun 1966

21 Meredith Way, Tuffley, 
Gloucester, Gloucestershire GL4 0UD

01 Sep 2001

NA

Current:3
Previous:2
Disqualifications:0

 

Duncan Dargie 
Mcdougall

Current

10 Jul 1963

28 Comerton Place Drumoig, 
St. Andrews, Fife KY16 0NQ

19 Apr 2011

NA

Current:57
Previous:2
Disqualifications:0

 

Alan Mcintosh 
Rodger

Current

12 Dec 1957

Ftv Proclad International Viewfield, 
Glenrothes, Fife KY6 2RD

19 Apr 2011

NA

Current:49
Previous:0
Disqualifications:0

 

James William Buchanan 
Jenkinson

Current

11 Sep 1960

Home Farm, Pen-Y-Lan Ruabon, 
Wrexham, Wrexham LL14 6HS

01 May 2010

NA

Current:1
Previous:2
Disqualifications:0

 

Stephen Gerrard 
Wain

Previous

17 Dec 1955

No 7 Mill Pool, Nash Lane Belbroughton, 
Stourbridge, West Midlands DY9 9AF

14 Dec 1999

26 May 2005

Current:10
Previous:112
Disqualifications:0

 

Duncan Campbell Neil 
Macpherson

Previous

16 Sep 1937

Glendunning House, Dunning Glen, 
Dollar, Clackmannanshire FK14 7LB

11 Dec 1996

14 Dec 2000

Current:1
Previous:27
Disqualifications:0

 

Brian Lawrence 
Brookshaw

Previous

29 Jun 1947

11 Russell Bank Road, Four Oaks, 
Sutton Coldfield, West Midlands B74 4RE

15 Dec 1992

16 Oct 2001

Current:0
Previous:1
Disqualifications:0

 

Stephen Hedley 
Hayes

Previous

NA

151 Fairmile Road, 
Halesowen, West Midlands

24 Sep 1993

10 Mar 2004

Current:8
Previous:90
Disqualifications:0

 

Douglas Ernest 
Rogers

Previous

12 Feb 1936

46 Hampton Lane, 
Solihull, West Midlands B91 2PZ

15 Dec 1992

26 Jan 1995

Current:0
Previous:23
Disqualifications:0

 

Terence Colwyn 
Pearson

Previous

22 Mar 1932

Kiltearn House, Hospital Street, 
Nantwich, Cheshire CW5 5RL

01 Sep 2001

16 Aug 2005

Current:0
Previous:3
Disqualifications:0

 

Steven Geoffrey 
Mills

Previous

28 Apr 1945

5 Clare Drive, Edgbaston, 
Birmingham, West Midlands B15 3LP

24 Sep 1993

08 Sep 1994

Current:17
Previous:40
Disqualifications:0

 

Christopher
Golding

Previous

25 Feb 1965

21 Ruscoe Avenue, 
Sandbach, Cheshire CW11 3HG

01 Sep 2005

29 Feb 2012

Current:1
Previous:1
Disqualifications:0

 

Duncan Dargie 
Mcdougall

Previous

10 Jul 1963

28 Comerton Place, Drumoig, 
St. Andrews, Fife KY16 ONQ

14 Dec 1999

27 Apr 2005

Current:1
Previous:6
Disqualifications:0

 

Bijan Martin 
Sedghi

Previous

03 Jan 1953

944 Warwick Road, 
Solihull, West Midlands B91 3HW

10 Mar 2004

24 Mar 2005

Current:8
Previous:22
Disqualifications:0

 

Andrew Michael John 
Fitchford

Previous

25 Jan 1965

The Old House, The Green, 
Solihull, West Midlands B94 5AJ

21 Jan 2000

20 Jun 2002

Current:0
Previous:17
Disqualifications:0

 

Steven Andrew 
Jordan

Previous

19 Jan 1951

Church View Grange, 7A Bilstone Road Little Twycross, 
Atherstone, Warwickshire CV9 3PP

15 Dec 1992

30 Nov 2003

Current:1
Previous:1
Disqualifications:0

 

Nicholas James 
Pearson

Previous

07 Oct 1958

39 Needham Drive, Cranage, 
Crewe, Cheshire CW4 8FB

01 Sep 2001

16 Aug 2005

Current:4
Previous:3
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Bi Secretariat Limited

Previous

Unit 1 First Avenue, Maybrook Industrial Estate Minworth, 
Sutton Coldfield, West Midlands B76 1BA

16 Aug 2005

28 Oct 2011

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Stephen Gerrard
Wain

Previous

17 Dec 1955

No 7 Mill Pool, Nash Lane Belbroughton, 
Stourbridge, West Midlands DY9 9AF

28 Feb 1994

12 Nov 1999

Current:10
Previous:112
Disqualifications:0

 

Mark Andrew
Adams

Previous

11 Aug 1964

14 Firbarn Close, 
Sutton Coldfield, West Midlands B76 1AG

24 Sep 1993

28 Feb 1994

Current:0
Previous:43
Disqualifications:0

 

Tracy 
Miles

Previous

31 Dec 1962

28 Teasel Way, Claines,
Worcester, Worcestershire WR3 7LD

12 Nov 1999

31 Mar 2005

Current:0
Previous:89
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Bi Nominees Limited

Previous

Unit 1 First Avenue, Minworth, 
Sutton Coldfield, West Midlands B76 1BA

31 Mar 2005

28 Oct 2011

 

 

 

 

Individual Shareholders

 

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

 

Company Name

Registration Number

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

BI Plastics Limited

02194197

9400002 Ordinary GBP 1.00

Ordinary

9,400,002

1.00

9,400,002.00

100.00

 

Annual Profit & Loss

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Nov-2011

30-Nov-2010

30-Nov-2009

30-Nov-2008

30-Nov-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623804

0.645475

0.646269

0.530439

0.50098

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Turnover

3.2

2.9

2.3

3.4

4.8

Cost of Sales

1.9

1.7

1.4

2.4

3.0

Gross Profit

1.4

1.2

0.9

1.1

1.8

Depreciation

0.0

0.0

0.0

0.0

0.0

Other Expenses

1.5

1.9

1.9

2.8

2.3

Operating Profit

-

-

-

-1.7

-0.6

Other Income

0.0

0.2

0.0

0.9

0.0

Interest Paid

0.0

0.1

0.2

0.1

0.7

Exceptional Income

0.0

-0.1

-0.3

0.0

-0.1

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

-0.1

-0.6

-1.4

-0.9

-1.4

Tax Payable / Credit

0.0

0.0

0.0

0.0

0.0

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

0.0

0.0

Profit After Taxes

-0.1

-0.6

-1.4

-0.9

-1.4

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

0.0

Non Audit Fees

0.0

0.0

0.0

0.0

0.0

Number of Employees

16

17

19

20

21

Wages

0.8

0.8

0.9

1.0

1.2

Social Security Costs

0.1

0.1

0.1

0.1

0.1

Pensions

0.0

0.0

0.0

0.0

0.0

Other Pension Costs

0.0

0.0

0.0

0.0

0.0

Employees Remuneration

0.9

0.9

1.0

1.2

1.3

Directors Emoluments

0.3

0.3

0.2

0.3

0.3

Other Costs

0.0

0.0

0.0

0.0

0.0

Directors Remuneration

0.3

0.3

0.2

0.3

0.3

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Nov-2011

30-Nov-2010

30-Nov-2009

30-Nov-2008

30-Nov-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.635809

0.642116

0.609347

0.651699

0.486346

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

0.0

0.0

-

-

0.1

Fixtures & Fittings

0.0

0.0

-

-

0.0

Plant & Vehicles

0.0

0.0

-

-

0.0

Total Tangible Fixed Assets

0.0

0.0

0.0

0.1

0.1

Intangible Assets

0.2

0.1

0.1

0.1

0.2

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.2

0.1

0.1

0.2

0.3

Stocks

0.2

0.4

0.3

0.7

1.0

Work in Progress

0.0

0.0

0.0

0.0

0.2

Total Stocks Work In Progress

0.2

0.4

0.4

0.7

1.2

Trade Debtors

0.4

0.2

0.5

0.4

0.9

Inter-Company Debtors

0.6

0.5

3.8

4.0

4.9

Director Loans

0.0

-

0.0

0.0

0.0

Other Debtors

0.1

0.1

0.1

0.1

0.1

Total Debtors

1.2

0.8

4.3

4.5

5.9

Cash and Equivalents

0.1

0.2

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1.5

1.4

4.7

5.2

7.1

Total Assets

1.7

1.5

4.8

5.4

7.4

Trade Creditors

0.4

0.3

0.3

0.4

0.7

Bank Overdraft

0.0

0.0

2.5

1.8

1.3

Inter-Company Creditors

0.1

0.0

0.0

0.0

0.2

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Finance Lease (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Current Liability)

0.1

0.2

0.2

0.2

0.4

Social Security/VAT

0.0

0.0

0.0

0.0

0.0

Corporation Tax

0.0

0.0

0.0

0.0

0.0

Dividends (Current Liability)

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

0.6

0.6

3.0

2.4

2.6

Group Loans (Long Term Liability)

4.4

4.1

4.4

4.1

5.3

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

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

4.4

4.1

4.4

4.1

5.3

Deferred Taxation

0.0

0.0

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

14.8

14.6

15.4

14.4

19.3

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

-18.1

-17.8

-18.1

-15.5

-19.8

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

-3.3

-3.2

-2.7

-1.1

-0.4

Net Worth

-3.5

-3.2

-2.7

-1.2

-0.7

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Nov-2011

30-Nov-2010

30-Nov-2009

30-Nov-2008

30-Nov-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623804

0.645475

0.646269

0.530439

0.50098

Consolidated

No

No

No

No

No

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Nov-2011

30-Nov-2010

30-Nov-2009

30-Nov-2008

30-Nov-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.635809

0.642116

0.609347

0.651699

0.486346

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.57

2.39

1.54

2.20

2.78

Liquidity Ratio

2.18

1.73

1.42

1.91

2.32

Stock Turnover

13.99

7.85

6.93

4.15

4.24

Credit Period (Days)

49.82

19.82

69.62

48.54

63.56

Working Capital by Sales

29.18%

26.92%

66.49%

101.59%

92.10%

Trade Credit by Debtors

0.97

2.16

0.54

0.94

0.83

Return on Capital

-11.98%

-67.52%

-88.35%

-24.76%

-30.09%

Return on Assets

-7.87%

-41.49%

-32.07%

-13.82%

-19.75%

Profit Margin

-4.27%

-20.88%

-62.44%

-26.51%

-29.76%

Borrowing Ratio

-128.52%

-126.66%

-254.91%

-509.47%

-1,032.26%

Equity Gearing

-194.01%

-211.49%

-55.88%

-19.84%

-5.82%

Debt Gearing

-126.95%

-125.63%

-161.32%

-350.40%

-813.22%

Interest Coverage

-4.26

-10.09

-9.40

-6.98

-1.92

Sales by Tangible Assets

137.36

91.03

57.81

47.30

43.04

Average Remuneration per Employee

0.1

0.1

0.1

0.0

0.1

Profit per Employee

0.0

0.0

-0.1

0.0

-0.1

Sales per Employee

0.2

0.2

0.1

0.1

0.2

Capital Employed per Employee

0.1

0.1

0.1

0.1

0.2

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.1

0.1

0.3

0.3

0.4

Employee Remuneration by Sales

29.28%

30.82%

42.76%

34.00%

27.67%

Creditor Days (Cost of Sales Based)

83.51

73.07

62.36

66.90

82.92

Creditor Days (Sales Based)

48.10

42.77

37.26

45.77

52.45

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.66

UK Pound

1

Rs.86.37

Euro

1

Rs.69.24

 

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.