MIRA
INFORM REPORT
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Report Date : |
13.04.2013 |
IDENTIFICATION DETAILS
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Name : |
WEBSTER GRIFFIN LTD. |
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Registered Office : |
Brooklands Park, Farningham Road, Crowborough, TN6 2JD |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2012 |
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Date of Incorporation : |
September 1974 |
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Com. Reg. No.: |
01203811 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Design and manufacture of packing machinery |
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No. of Employees : |
19 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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United Kingdom |
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 |
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).
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Source : CIA |
Company name & address
Webster Griffin Ltd.
Brooklands Park
Farningham Road
Crowborough, TN6 2JD
United Kingdom
(Trading Address)
Registered Address
Tel: 01892664250
Fax: 01892664340
Synthesis
Employees: 19
Company Type: Private Independent
Quoted Status: Non-quoted Company
Incorporation Date:
14-Mar-1975
Auditor: Place Flight
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2012
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Total Assets: 2.1
Business Description
Webster Griffin Ltd was formed in September 1974 and incorporated in
March 1975. The company is registered in the UK, registration no. 1203811 and
VAT GB 204 6081 01.
Industry
Industry Construction and Agriculture
Machinery
ANZSIC 2006: 2462 - Mining and
Construction Machinery Manufacturing
NACE 2002: 2922 - Manufacture
of lifting and handling equipment
NAICS 2002: 33392 - Material
Handling Equipment Manufacturing
UK SIC 2003: 2922 - Manufacture
of lifting and handling equipment
UK SIC 2007: 2822 - Manufacture
of lifting and handling equipment
US SIC 1987: 353 -
Construction, Mining, and Materials Handling
Key Executives
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Name |
Title |
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Mark Henry Wilson |
Secretary |
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Xavier Barraud |
Director |
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Mathew John Wilson |
Director |
News
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Title |
Date |
|
Guns and Butter - March 13, 2013 at 1:00pm |
13-Mar-2013 |
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IRAN: News Roundup 13, 14 Feb |
14-Feb-2013 |
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'Russia will not bow to US pressure' |
14-Jan-2013 |
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Iran Editorial: West Shirks Brahimi's
Solution, Seeks Total Destruction of Syria |
2-Jan-2013 |
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Iran paper says West seeks total
destruction of Syria |
2-Jan-2013 |
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'Bloodbath awaits Syria under insurgents' |
31-Dec-2012 |
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6267523
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6281078
Corporate Overview
Location
Brooklands Park
Farningham Road
Crowborough, TN6 2JD
East Sussex County
United Kingdom
Tel: 01892664250
Fax: 01892664340
Sales GBP(mil): NA
Assets GBP(mil): 1.3
Employees: 19
Fiscal Year End: 31-Mar-2012
Industry: Construction and Agriculture
Machinery
Registered
Address:
Brooklands Park
Farningham Road
Crowborough, TN6 2JD
United Kingdom
Incorporation Date: 14-Mar-1975
Company Type: Private Independent
Quoted Status: Not Quoted
Registered No.(UK): 01203811
Director: Mathew John Wilson
Industry Codes
ANZSIC 2006 Codes:
2462 - Mining and Construction Machinery Manufacturing
NACE 2002 Codes:
2922 - Manufacture of lifting and handling equipment
NAICS 2002 Codes:
33392 - Material Handling Equipment Manufacturing
US SIC 1987:
353 - Construction, Mining, and Materials Handling
UK SIC 2003:
2922 - Manufacture of lifting and handling equipment
UK SIC 2007:
2822 - Manufacture of lifting and handling equipment
Business
Description
Design and manufacture of packing machinery.
More Business
Descriptions
Packaging Equipment
Webster Griffin Ltd was formed in September 1974 and incorporated in March 1975. The company is registered in the UK, registration no. 1203811 and VAT GB 204 6081 01.
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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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Director |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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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-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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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) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
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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
Financials in: USD (mil)
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31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Tangible Fixed Assets |
0.9 |
0.9 |
0.9 |
0.9 |
1.2 |
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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 |
0.9 |
0.9 |
0.9 |
0.9 |
1.2 |
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Total Stocks Work In Progress |
0.5 |
0.3 |
0.2 |
0.4 |
0.9 |
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Total Debtors |
0.4 |
0.6 |
1.1 |
0.3 |
0.8 |
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Cash and Equivalents |
0.2 |
0.1 |
0.1 |
0.5 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
1.1 |
1.0 |
1.5 |
1.2 |
1.6 |
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Total Assets |
2.1 |
1.9 |
2.4 |
2.1 |
2.9 |
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Other Current Liabilities |
1.0 |
0.8 |
1.4 |
1.1 |
1.5 |
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Total Current Liabilities |
1.0 |
0.8 |
1.4 |
1.1 |
1.5 |
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Other Long Term Liabilities |
0.3 |
0.4 |
0.4 |
0.4 |
0.6 |
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Total Long Term Liabilities |
0.3 |
0.4 |
0.4 |
0.4 |
0.6 |
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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 |
0.7 |
0.7 |
0.6 |
0.6 |
0.8 |
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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 |
0.7 |
0.7 |
0.6 |
0.6 |
0.8 |
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Net Worth |
0.7 |
0.7 |
0.6 |
0.6 |
0.8 |
Annual Cash Flows
Financials in: USD (mil)
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31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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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) |
0.626752 |
0.643394 |
0.627794 |
0.592803 |
0.498361 |
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Consolidated |
No |
No |
No |
No |
No |
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Annual Ratios
Financials in: USD (mil)
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31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
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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 |
0.628108 |
0.62385 |
0.659239 |
0.697666 |
0.503145 |
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Consolidated |
No |
No |
No |
No |
No |
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Current Ratio |
1.13 |
1.14 |
1.08 |
1.09 |
1.08 |
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Liquidity Ratio |
0.61 |
0.81 |
0.91 |
0.73 |
0.50 |
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Equity Gearing |
35.27% |
36.45% |
26.28% |
27.32% |
27.77% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.44 |
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UK Pound |
1 |
Rs.83.78 |
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Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
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.