MIRA
INFORM REPORT
|
Report Date : |
15.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
INVENSYS RAIL LIMITED |
|
|
|
|
Formerly Known As : |
WESTINGHOUSE RAIL SYSTEMS LIMITED |
|
|
|
|
Registered Office : |
3rd Floor, 40 Grosvenor Place London SW1X 7AW |
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|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
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Date of Incorporation : |
04.06.1982 |
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|
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Com. Reg. No.: |
01641421 |
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|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Non-Trading Or Ceased To Trade |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Dormant Company |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
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
REGISTERED NAME & COMPANY
SUMMARY
|
Company Name |
INVENSYS RAIL LIMITED |
Company Number |
01641421 |
|
|
|
|
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|
Registered
Address |
3RD FLOOR, 40 GROSVENOR PLACE |
Trading Address |
P O Box 79 |
|
|
LONDON |
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|
SW1X 7AW |
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|
Website Address |
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|
|
|
Telephone Number
|
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation
Date |
04/06/1982 |
Company Status |
Non trading |
|
Previous Name |
WESTINGHOUSE RAIL SYSTEMS LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
15/10/2009 |
Filing Date of
Accounts |
19/12/2012 |
|
|
|
Share Capital |
£6 |
|
SIC03 |
7499 |
Currency |
GBP |
|
SIC03
Description |
NON-TRADING OR CEASED TO TRADE |
||
|
SIC07 |
74990 |
||
|
SIC07
Description |
NON-TRADING COMPANY |
||
|
Principal
Activity |
The company did not trade during y/e 31.03.12. |
||
DIRECTORS/MANAGEMENT
|
Total Current Directors |
6 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
27 |
Current Directors
|
Name |
Date of Birth |
30/05/1954 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
26 |
Function |
Director |
|
Appointment Date |
13/01/2006 |
|
|
|
Address |
3rd Floor, 40 Grosvenor Place, London, SW1X 7AW |
||
|
|
|
|
|
|
Name |
Date of Birth |
09/03/1962 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present
Appointments |
194 |
Function |
Director |
|
Appointment Date |
11/02/2003 |
|
|
|
Address |
3rd Floor, 40 Grosvenor Place, London, SW1X 7AW |
||
|
|
|
|
|
|
Name |
Date of Birth |
15/11/1963 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment Date |
04/10/2006 |
|
|
|
Address |
3rd Floor 40, Grosvenor Place, London, SW1X 7AW |
||
|
|
|
|
|
|
Name |
Date of Birth |
16/04/1964 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment Date |
05/01/2010 |
|
|
|
Address |
3rd Floor, 40 Grosvenor Place, London, SW1X 7AW |
||
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|
|
|
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|
Name |
Date of Birth |
09/03/1965 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
07/06/2010 |
|
|
|
Address |
3rd Floor, 40 Grosvenor Place, London, SW1X 7AW |
||
|
|
|
|
|
|
Name |
Date of Birth |
08/10/1958 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
26/05/2011 |
|
|
|
Address |
3rd Floor, 40 Grosvenor Place, London, SW1X 7AW |
||
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NEGATIVE INFORMATION
CCJ
|
Total Number of
Exact CCJs - |
Total Value of
Exact CCJs - |
||
|
Total Number of
Possible CCJs - |
Total Value of
Possible CCJs - |
||
|
Total Number of
Satisfied CCJs - |
Total Value of
Satisfied CCJs - |
||
|
Total Number of
Writs - |
- |
|
|
Exact
CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
08/09/2010 |
NORTHAMPTON CCBC |
£527 |
Satisfied |
0XZ57934 |
16/01/2012 |
|
19/06/2007 |
SHEFFIELD |
£537 |
Judgement |
7XT00771 |
- |
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
0 |
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Value |
Share Type |
Nominal Value |
% of Total Share
Count |
|
WESTINGHOUSE BRAKE & SIGNAL HOLDINGS LTD |
GBP |
6 |
ORDINARY |
1 |
100 |
PAYMENT INFORMATION
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
|
||||
|
Steady |
|
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Holding Company |
WESTINGHOUSE BRAKE AND SIGNAL HOLDINGS LIMITED |
|
Ownership Status
|
Wholly Owned |
|
Ultimate Holding
Company |
INVENSYS PLC |
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder
Funds |
Employees |
|
31/03/2012 |
- |
- |
- |
- |
|
31/03/2011 |
- |
- |
£6 |
- |
|
31/03/2010 |
- |
- |
£6 |
- |
Profit & Loss
|
|
Date Of Accounts |
31/03/12 |
|
31/03/11 |
|
31/03/10 |
|
31/03/09 |
|
31/03/08 |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
52 |
|
|
Currency |
GBP |
|
GBP |
|
GBP |
|
GBP |
|
GBP |
|
|
Consolidated A/cs |
N |
|
N |
|
N |
|
N |
|
N |
|
|
Turnover |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Export |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Cost of Sales |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Gross Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Wages & Salaries |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Directors Emoluments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Operating Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Depreciation |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Audit Fees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Interest Payments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Pre Tax Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Taxation |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Profit After Tax |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Dividends Payable |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Retained Profit |
- |
|
- |
|
- |
|
- |
|
- |
Balance Sheet
|
|
Date Of Accounts |
31/03/12 |
|
31/03/11 |
|
31/03/10 |
|
31/03/09 |
|
31/03/08 |
|
|
Tangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Intangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Fixed Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Stock |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Trade Debtors |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Cash |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Debtors |
0 |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
|
|
Miscellaneous Current Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Current Assets |
0 |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
|
|
Trade Creditors |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Bank Loans & Overdrafts |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Short Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Miscellaneous Current Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Current Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Bank Loans & Overdrafts and LTL |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Other Long Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Long Term Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
Capital & Reserves
|
|
Date Of Accounts |
31/03/12 |
|
31/03/11 |
|
31/03/10 |
|
31/03/09 |
|
31/03/08 |
|
|
Called Up Share Capital |
- |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
|
|
P & L Account Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Revaluation Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Sundry Reserves |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Shareholder Funds |
- |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
Other Financial Items
|
|
Date Of Accounts |
31/03/12 |
|
31/03/11 |
|
31/03/10 |
|
31/03/09 |
|
31/03/08 |
|
|
Net Worth |
- |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
|
|
Working Capital |
- |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
|
|
Total Assets |
- |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
|
|
Total Liabilities |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Assets |
- |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
Miscellaneous
|
|
Date Of Accounts |
31/03/12 |
|
31/03/11 |
|
31/03/10 |
|
31/03/09 |
|
31/03/08 |
|
|
Contingent Liability |
NO |
|
NO |
|
NO |
|
NO |
|
NO |
|
|
Capital Employed |
- |
|
£6 |
|
£6 |
|
£6 |
|
£6 |
|
|
Number of Employees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Auditors |
|
||||||||
|
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
|
Bankers |
|
||||||||
|
|
Bank Branch Code |
|
|
|
|
|
|
|
|
|
Ratios
|
|
Date Of Accounts |
31/03/12 |
31/03/11 |
31/03/10 |
31/03/09 |
31/03/08 |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
- |
- |
- |
- |
- |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
|
Equity in % |
- |
100 |
100 |
100 |
100 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
- |
- |
- |
- |
- |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
- |
- |
- |
- |
- |
|
|
Total Debt Ratio |
- |
- |
- |
- |
- |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
|
Nationality |
British |
|
Present
Appointments |
598 |
Function |
Company Secretary |
|
Appointment Date |
31/10/1993 |
|
|
|
Address |
40 Grosvenor Place, London, SW1X 7AW |
||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
03/01/2013 |
New Accounts Filed |
|
28/05/2012 |
Annual Returns |
|
09/11/2011 |
New Accounts Filed |
|
01/07/2011 |
Annual Returns |
|
06/06/2011 |
New Board Member Mr P. Threlfall appointed |
|
19/01/2011 |
New Accounts Filed |
|
26/08/2010 |
Change in Reg.Office |
|
26/08/2010 |
Change of Company Postcode |
|
12/07/2010 |
Annual Returns |
|
05/07/2010 |
Mr M. Wild has left the board |
|
05/07/2010 |
New Board Member Mr N. Crossfield appointed |
|
01/05/2010 |
Mr M. Gore has left the board |
|
30/04/2010 |
Mr M. Gore has left the board |
|
18/01/2010 |
New Board Member Mr S.J. Barry appointed |
|
14/01/2010 |
New Accounts Filed |
Previous Company Names
|
Date |
Previous Name |
|
15/10/2009 |
WESTINGHOUSE RAIL SYSTEMS LIMITED |
|
02/07/2001 |
WESTINGHOUSE SIGNALS LIMITED |
Statistics
|
Group |
122 companies |
|
Linkages |
|
|
Countries |
NOTES & COMMENTS
N/a
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.87 |
|
|
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.