MIRA
INFORM REPORT
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Report Date : |
06.06.2013 |
IDENTIFICATION DETAILS
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Name : |
INEOS COMMERCIAL SERVICES UK LTD. |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
19.11.2010 |
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Com. Reg. No.: |
07445497 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
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No. of Employees : |
194 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 second largest economy in Europe
after Germany. 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 aimed 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 21% by 2014.
The Bank of England (BoE) implemented an asset purchase program of up to £375
billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment
weighed on the economy. GDP fell 0.1%, and the budget deficit remained
stubbornly high at 7.7% of GDP. Public debt continued to increase.
|
Source : CIA |
Company name & address
Ineos Commercial Services UK Ltd.
Hawkslease Chapel Lane
Lyndhurst, SO43 7FG
United Kingdom
(Registered Address)
Synthesis
Employees: 194
Company Type: Private
Subsidiary
Corporate Family: 164
Companies
Ultimate Parent: INEOS
AG
Quoted Status: Non-quoted Company
Incorporation Date:
19-Nov-2010
Auditor: PricewaterhouseCoopers LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Dec-2011
Reporting Currency: Euro
Annual Sales: 6,365.3 1
Net Income:
381.0
Total Assets: 2,013.2
Business Description
Sale of petrochemical products and support services to other companies
in theineos group.
Industry
Industry Business Services
ANZSIC 2006: 6999 - Other
Professional, Scientific and Technical Services Not Elsewhere Classified
NACE 2002: 7487 - Other
business activities not elsewhere classified
NAICS 2002: 5619 - Other
Support Services
UK SIC 2003: 7487 - Other
business activities not elsewhere classified
UK SIC 2007: 8299 - Other
business support service activities n.e.c.
US SIC 1987: 7389 - Business
Services, Not Elsewhere Classified
Key Executives
|
Name |
Title |
|
Yasin Stanley Ali |
Secretary |
|
Jonathan Frank Ginns |
Legal Manager |
|
Ian Mclagan Fyfe |
Human Resource Director |
|
Douglas David Gebbie |
Director |
|
Gordon Douglas Grant |
Director |
1 - Profit & Loss Item Exchange Rate: USD 1 = EUR 0.7191895
2 - Balance Sheet Item Exchange Rate: USD 1 = EUR 0.770327
Corporate Overview
Location
Hawkslease Chapel Lane
Lyndhurst, SO43 7FG
Hampshire County
United Kingdom
Sales EUR(mil): 4,577.9
Assets EUR(mil): 1,550.8
Employees: 194
Fiscal Year End: 31-Dec-2011
Industry: Business
Services
Incorporation Date: 19-Nov-2010
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 07445497
Director: Leonardus
Hendrik Heemskerk
Contents
Industry Codes
Business Description
Financial Data
Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
6999 - Other Professional, Scientific and Technical Services Not
Elsewhere Classified
NACE 2002 Codes:
7487 - Other business activities not elsewhere classified
NAICS 2002 Codes:
5619 - Other Support Services
US SIC 1987:
7389 - Business Services, Not Elsewhere Classified
UK SIC 2003:
7487 - Other business activities not elsewhere classified
UK SIC 2007:
8299 - Other business support service activities n.e.c.
Business
Description
Sale of petrochemical products and support services to other companies
in theineos group.
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Corporate Family |
Corporate
Structure News: |
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INEOS
AG |
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Ineos Commercial Services UK Ltd. |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
|
Parent |
Rolle |
Switzerland |
Oil and Gas Operations |
41,717.7 |
15,500 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
|
15,500 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
37,660.0 |
14,811 |
|
|
Joint Venture |
Ludwigshafen |
Germany |
Miscellaneous Financial Services |
|
3,400 |
|
|
Subsidiary |
Vadodara |
India |
Chemical Manufacturing |
179.4 |
84,230 |
|
|
Subsidiary |
Ludwigshafen |
Germany |
Fabricated Plastic and Rubber |
|
|
|
|
Subsidiary |
Mumbai |
India |
Containers and Packaging |
|
|
|
|
Subsidiary |
Rayong |
Thailand |
Chemicals - Plastics and Rubber |
|
|
|
|
Division |
Runcorn |
United Kingdom |
Chemical Manufacturing |
|
2,440 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemicals - Plastics and Rubber |
723.0 |
137 |
|
|
UK Branch/Trading address |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
723.0 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Public Sector and Government |
0.0 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemical Manufacturing |
944.1 |
936 |
|
|
Subsidiary |
Wilhelmshaven, Niedersachsen |
Germany |
Chemical Manufacturing |
63.3 |
150 |
|
|
Subsidiary |
Verdun |
France |
Chemical Manufacturing |
15.7 |
115 |
|
|
Subsidiary |
Barcelona |
Spain |
Chemical Manufacturing |
3.3 |
4 |
|
|
Subsidiary |
Wilmington, DE |
United States |
Miscellaneous Capital Goods |
2.8 |
3 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemical Manufacturing |
0.2 |
1 |
|
|
Division |
Runcorn |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Facility |
Stathelle |
Norway |
Construction - Supplies and Fixtures |
|
350 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
17.7 |
21 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Fabricated Plastic and Rubber |
2,569.4 |
2,000 |
|
|
Division |
Lyndhurst |
United Kingdom |
Construction - Supplies and Fixtures |
|
1,800 |
|
|
Subsidiary |
Ferrara |
Italy |
Chemicals - Plastics and Rubber |
125.9 |
192 |
|
|
Subsidiary |
Helsingborg |
Sweden |
Chemicals - Plastics and Rubber |
38.4 |
60 |
|
|
Subsidiary |
Frodsham |
United Kingdom |
Chemicals - Plastics and Rubber |
1.0 |
55 |
|
|
Subsidiary |
Sins |
Switzerland |
Chemicals - Plastics and Rubber |
|
40 |
|
|
Subsidiary |
Chalons-en-Champagne |
France |
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Chemicals - Plastics and Rubber |
551.1 |
1,700 |
|
|
Subsidiary |
Tarragona |
Spain |
Chemical Manufacturing |
193.1 |
239 |
|
|
Subsidiary |
Rayong |
Thailand |
Chemical Manufacturing |
|
|
|
|
Joint Venture |
Fribourg |
Switzerland |
Containers and Packaging |
|
1,250 |
|
|
Subsidiary |
Breda, Noord-Brabant |
Netherlands |
Chemicals - Plastics and Rubber |
36.3 |
190 |
|
|
Subsidiary |
Wingles |
France |
Fabricated Plastic and Rubber |
37.0 |
149 |
|
|
Subsidiary |
Ribecourt |
France |
Chemicals - Plastics and Rubber |
19.0 |
73 |
|
|
Subsidiary |
Trelleborg |
Sweden |
Chemical Manufacturing |
22.3 |
50 |
|
|
Subsidiary |
Trelleborg |
Sweden |
Chemicals - Plastics and Rubber |
8.6 |
46 |
|
|
Subsidiary |
Marl |
Germany |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lavera |
France |
Fabricated Plastic and Rubber |
522.6 |
1,197 |
|
|
Subsidiary |
Channahon, IL |
United States |
Containers and Packaging |
3,100.0 |
1,170 |
|
|
Branch |
Pasadena, TX |
United States |
Chemical Manufacturing |
125.5 |
112 |
|
|
Branch |
Indian Orchard, MA |
United States |
Chemicals - Plastics and Rubber |
101.9 |
70 |
|
|
Branch |
Decatur, AL |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Branch |
Texas City, TX |
United States |
Retail (Specialty) |
0.4 |
2 |
|
|
Subsidiary |
Theodore, AL |
United States |
Chemical Manufacturing |
82.4 |
520 |
|
|
Subsidiary |
Wilhelmshaven, Niedersachsen |
Germany |
Fabricated Plastic and Rubber |
142.2 |
410 |
|
|
Subsidiary |
Mumbai |
India |
Containers and Packaging |
41.3 |
357 |
|
|
Subsidiary |
League City, TX |
United States |
Chemical Manufacturing |
323.1 |
370 |
|
|
Facility |
Port Lavaca, TX |
United States |
Chemical Manufacturing |
5.0 |
200 |
|
|
Facility |
Lima, OH |
United States |
Chemical Manufacturing |
|
150 |
|
|
Subsidiary |
La Porte, TX |
United States |
Chemical Manufacturing |
192.2 |
350 |
|
|
Subsidiary |
Stathelle |
Norway |
Chemicals - Plastics and Rubber |
730.8 |
337 |
|
|
Subsidiary |
Stenungsund, Västra Götaland |
Sweden |
Chemical Manufacturing |
336.8 |
329 |
|
|
Subsidiary |
Lima, OH |
United States |
Chemical Manufacturing |
164.7 |
300 |
|
|
Subsidiary |
League City, TX |
United States |
Chemical Manufacturing |
|
300 |
|
|
Subsidiary |
Gladbeck, Nordrhein-Westfalen |
Germany |
Chemical Manufacturing |
2,885.2 |
295 |
|
|
Subsidiary |
Addyston, OH |
United States |
Construction - Supplies and Fixtures |
|
266 |
|
|
Subsidiary |
Venezia, Venezia |
Italy |
Fabricated Plastic and Rubber |
369.3 |
251 |
|
|
Branch |
Port Arthur, TX |
United States |
Chemical Manufacturing |
230.2 |
230 |
|
|
Subsidiary |
Beveren-Waas |
Belgium |
Chemical Manufacturing |
250.7 |
208 |
|
|
Subsidiary |
Feluy |
Belgium |
Chemical Manufacturing |
107.8 |
205 |
|
|
Subsidiary |
Mainz, Rheinland-Pfalz |
Germany |
Chemical Manufacturing |
73.0 |
151 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
83.5 |
141 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
0.5 |
|
|
|
Subsidiary |
Frankfurt Am Main, Hessen |
Germany |
Fabricated Plastic and Rubber |
110.4 |
114 |
|
|
Subsidiary |
Marl, Nordrhein-Westfalen |
Germany |
Fabricated Plastic and Rubber |
10.9 |
103 |
|
|
Subsidiary |
Plaquemine, LA |
United States |
Chemical Manufacturing |
40.1 |
73 |
|
|
Subsidiary |
Wilhelmshaven, Niedersachsen |
Germany |
Chemical Manufacturing |
608.7 |
25 |
|
|
Subsidiary |
Cary, IL |
United States |
Chemical Manufacturing |
11.5 |
21 |
|
|
Subsidiary |
Martigues |
France |
Chemical Manufacturing |
1,025.9 |
14 |
|
|
Subsidiary |
Zwijndrecht |
Belgium |
Chemical Manufacturing |
16.2 |
4 |
|
|
Subsidiary |
Köln, Nordrhein-Westfalen |
Germany |
Chemical Manufacturing |
740.5 |
2 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Personal Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemical Manufacturing |
347.2 |
444 |
|
|
Subsidiary |
Muang, Samut Prakan |
Thailand |
Chemical Manufacturing |
|
80 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Miscellaneous Fabricated Products |
306.7 |
638 |
|
|
Subsidiary |
Grangemouth |
United Kingdom |
Miscellaneous Fabricated Products |
466.7 |
595 |
|
|
Subsidiary |
Rosignano Marittimo, Livorno |
Italy |
Chemicals - Plastics and Rubber |
45.5 |
258 |
|
|
Subsidiary |
Middlesbrough |
United Kingdom |
Chemical Manufacturing |
555.2 |
206 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
6,365.3 |
194 |
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemical Manufacturing |
58.4 |
43 |
|
|
Subsidiary |
Rosignano Marittimo, Livorno |
Italy |
Chemical Manufacturing |
581.6 |
8 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
0.0 |
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Business Services |
0.0 |
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Middlesbrough |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Insurance (Life) |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Engineering Consultants |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Oil and Gas Operations |
|
|
|
|
Subsidiary |
|
|
Chemicals - Plastics and Rubber |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Newton Aycliffe |
United Kingdom |
Fabricated Plastic and Rubber |
395.2 |
304 |
|
|
Subsidiary |
Newton Aycliffe |
United Kingdom |
Miscellaneous Fabricated Products |
|
|
|
|
Subsidiary |
Newton Aycliffe |
United Kingdom |
Miscellaneous Fabricated Products |
|
|
|
|
Hydro Polymers |
Subsidiary |
|
|
|
|
|
|
INEOS Films & Compounds |
Subsidiary |
|
|
|
|
|
|
Subsidiary |
New Castle, DE |
United States |
Miscellaneous Fabricated Products |
12.6 |
65 |
|
|
Subsidiary |
Mourmelon Le Grand |
France |
Fabricated Plastic and Rubber |
1.2 |
34 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
2,080.2 |
1,667 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
90.4 |
79 |
|
|
Subsidiary |
Stenungsund |
Sweden |
Chemical Manufacturing |
63.6 |
4 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
1,454.4 |
3 |
|
|
Subsidiary |
Zwijndrecht |
Belgium |
Chemical Manufacturing |
838.8 |
473 |
|
|
Subsidiary |
Zwijndrecht |
Belgium |
Chemical Manufacturing |
6.3 |
17 |
|
|
Subsidiary |
Freeport, TX |
United States |
Chemical Manufacturing |
14.0 |
14 |
|
|
Subsidiary |
Singapore |
Singapore |
Chemical Manufacturing |
|
12 |
|
|
Subsidiary |
Houston, TX |
United States |
Chemical Manufacturing |
5.0 |
5 |
|
|
Subsidiary |
Milano, Milano |
Italy |
Business Services |
1.7 |
5 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Barcelona |
Spain |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Nonclassifiable Industries |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
|
|
|
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Branch |
Joliet, IL |
United States |
Chemical Manufacturing |
69.8 |
143 |
|
|
Subsidiary |
Wadeville |
South Africa |
Chemical Manufacturing |
|
65 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Investment Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Chemical Manufacturing |
27.7 |
235 |
|
|
Subsidiary |
St Gabriel, LA |
United States |
Chemical Manufacturing |
43.9 |
80 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Mihara |
Japan |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
|
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Runcorn |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Business Services |
1.5 |
7 |
|
|
Subsidiary |
Breda, Noord-Brabant |
Netherlands |
Miscellaneous Financial Services |
134.4 |
|
|
|
Subsidiary |
Breda, Noord-Brabant |
Netherlands |
Biotechnology and Drugs |
4.1 |
31 |
|
|
Subsidiary |
Manchester |
United Kingdom |
Business Services |
1.4 |
4 |
|
|
Subsidiary |
Marl, Nordrhein-Westfalen |
Germany |
Chemical Manufacturing |
33.5 |
3 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Warrington |
United Kingdom |
Biotechnology and Drugs |
|
26 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
0.4 |
|
|
|
Subsidiary |
Fayetteville, AR |
United States |
Engineering Consultants |
6.2 |
30 |
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Chemical Manufacturing |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Commercial Banks |
|
|
|
|
Subsidiary |
Lyndhurst |
United Kingdom |
Investment Services |
|
|
EXECUTIVE REPORT
|
Board
of Directors |
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|
Director |
Director/Board Member |
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Legal Manager |
Director/Board Member |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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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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Human Resource Director |
Human Resources Executive |
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|
Legal Manager |
Legal Executive |
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Directors and Shareholders Report
|
Main Office Address: |
|
Annual Return
Date: 19 Nov 2011 |
|
Individual Directors |
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|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
22 Jun 1958 |
Bo'ness Road, Grangemouth, |
06 Jun 2012 |
NA |
Current:2 |
|
|
|
Current |
24 Sep 1954 |
Hawkslease Chapel Lane, |
06 Jun 2012 |
NA |
Current:7 |
|
|
|
Current |
20 Jun 1963 |
Bo'ness Road, Grangemouth, |
21 Jul 2011 |
NA |
Current:10 |
|
|
|
Current |
03 Nov 1973 |
Po Box 62 Seal Sands, |
30 Mar 2011 |
NA |
Current:25 |
|
|
|
Current |
19 Jan 1971 |
Hawkslease Chapel Lane, |
06 Jun 2012 |
NA |
Current:1 |
|
|
|
Current |
26 Feb 1963 |
Hawkslease Chapel Lane, |
06 Jun 2012 |
NA |
Current:2 |
|
|
|
Current |
20 Jun 1968 |
6 Bellflower Way, |
24 Jan 2011 |
NA |
Current:57 |
|
|
|
Previous |
22 Apr 1960 |
2 Laverockbank Road, |
19 Nov 2010 |
26 Nov 2010 |
Current:12 |
|
|
|
Previous |
21 Apr 1972 |
1 Rutland Court, |
19 Nov 2010 |
26 Nov 2010 |
Current:10 |
|
|
|
Previous |
25 Jan 1968 |
Hawkslease Chapel Lane, |
26 Nov 2010 |
30 Jul 2011 |
Current:0 |
|
|
|
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|
|
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Corporate Directors |
|
|
|
There are no corporate directors for this company. |
|
|
|
Individual Secretaries |
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|
|
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
NA |
Hawkslease Chapel Lane, |
31 Jan 2012 |
NA |
Current:1 |
|
|
|
Previous |
NA |
Hawkslease Chapel Lane, |
26 Nov 2010 |
31 Jan 2012 |
Current:0 |
|
|
|
|
|
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Corporate Secretaries |
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|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|
As Company Services Limited |
Previous |
1 Rutland Court, |
19 Nov 2010 |
26 Nov 2010 |
|
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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 |
|
05310700 |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
100.00 |
|
|
|
|||||||
Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Dec-2011 |
|
Period Length |
30 Weeks |
|
Filed Currency |
EUR |
|
Exchange Rate
(Period Average) |
0.71919 |
|
Consolidated |
No |
|
|
|
|
Turnover (UK) |
1,354.5 |
|
Turnover (Exports) |
5,010.8 |
|
Total Turnover |
6,365.3 |
|
Cost of Sales |
6,238.8 |
|
Gross Profit |
126.6 |
|
Depreciation |
0.0 |
|
Other Expenses |
30.3 |
|
Operating Profit |
96.2 |
|
Other Income |
13.4 |
|
Interest Paid |
63.0 |
|
Exceptional Income |
0.0 |
|
Discontinued Operations |
0.0 |
|
Profit Before Taxes |
46.5 |
|
Tax Payable / Credit |
-334.5 |
|
Extraordinary Items/Debits |
0.0 |
|
Dividends |
0.0 |
|
Profit After Taxes |
381.0 |
|
Minority Interests (Profit & Loss) |
0.0 |
|
Audit Fees |
0.2 |
|
Non Audit Fees |
0.2 |
|
Number of Employees |
194 |
|
Wages |
9.0 |
|
Social Security Costs |
0.9 |
|
Other Pension Costs |
2.6 |
|
Employees Remuneration |
12.5 |
|
Directors Remuneration |
0.0 |
|
Highest Paid Director |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Dec-2011 |
|
Filed Currency |
EUR |
|
Exchange Rate |
0.770327 |
|
Consolidated |
No |
|
|
|
|
Land & Buildings |
0.0 |
|
Fixtures & Fittings |
0.1 |
|
Plant & Vehicles |
0.0 |
|
Total Tangible Fixed Assets |
0.1 |
|
Intangible Assets |
231.3 |
|
Investments |
0.0 |
|
Total Fixed Assets |
231.4 |
|
Total Stocks Work In Progress |
20.5 |
|
Trade Debtors |
354.0 |
|
Inter-Company Debtors |
976.0 |
|
Other Debtors |
401.1 |
|
Total Debtors |
1,731.0 |
|
Cash and Equivalents |
30.2 |
|
Other Current Assets |
0.0 |
|
Total Current Assets |
1,781.7 |
|
Total Assets |
2,013.2 |
|
Trade Creditors |
513.9 |
|
Inter-Company Creditors |
1,049.2 |
|
Hire Purchase (Current Liability) |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
|
Accruals/Deferred Income (Current Liability) |
64.6 |
|
Other Current Liabilities |
2.3 |
|
Total Current Liabilities |
1,630.1 |
|
Group Loans (Long Term Liability) |
21.5 |
|
Director Loans (Long Term Liability) |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
|
Leasing (Long Term Liability) |
0.1 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.1 |
|
Other Long Term Loans |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
13.5 |
|
Other Long Term Liabilities |
0.0 |
|
Total Long Term Liabilities |
35.1 |
|
Deferred Taxation |
0.0 |
|
Other Provisions |
22.4 |
|
Total Provisions |
22.4 |
|
Issued Capital |
0.0 |
|
Share Premium Accounts |
0.0 |
|
Revaluation Reserve |
0.0 |
|
Retained Earnings |
325.6 |
|
Other Reserves |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
|
Total Shareholders Funds |
325.6 |
|
Net Worth |
94.3 |
Annual Ratios
Financials in: USD (mil)
|
|
31-Dec-2011 |
|
Period Length |
30 Weeks |
|
Filed Currency |
EUR |
|
Exchange Rate |
0.770327 |
|
Consolidated |
No |
|
|
|
|
Current Ratio |
1.09 |
|
Liquidity Ratio |
1.08 |
|
Stock Turnover |
503.08 |
|
Credit Period (Days) |
12.54 |
|
Working Capital by Sales |
1.47% |
|
Trade Credit by Debtors |
1.45 |
|
Return on Capital |
19.66% |
|
Return on Assets |
3.74% |
|
Profit Margin |
0.73% |
|
Return on Shareholders Funds |
23.13% |
|
Borrowing Ratio |
1,135.40% |
|
Equity Gearing |
16.17% |
|
Debt Gearing |
22.90% |
|
Interest Coverage |
0.74 |
|
Sales by Tangible Assets |
69,605.30 |
|
Average Remuneration per Employee |
0.1 |
|
Profit per Employee |
0.4 |
|
Sales per Employee |
53.1 |
|
Capital Employed per Employee |
2.0 |
|
Tangible Assets per Employee |
0.0 |
|
Total Assets per Employee |
10.4 |
|
Employee Remuneration by Sales |
0.20% |
|
Creditor Days (Cost of Sales Based) |
18.58 |
|
Creditor Days (Sales Based) |
18.21 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.86.54 |
|
Euro |
1 |
Rs.73.86 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.