MIRA INFORM REPORT
|
Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
BUHLER SORTEX LIMITED |
|
|
|
|
Formerly Known as: |
SORTEX LIMITED |
|
|
|
|
Registered Office : |
20 Atlantis Avenue, London, E16 2bf |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
01.05.1947 |
|
|
|
|
Com. Reg. No.: |
00434274 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
manufacture and distribution of electronic colour sorters and vision systems, and manufacture and installation of cleaning and sorting machinery, mainly for the food and agriculture industries |
|
|
|
|
No. of Employees : |
221 |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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) |
|
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 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
|
Company Name: |
BUHLER SORTEX LIMITED |
|
Company No: |
00434274 |
|
Registered Address: |
|
20 ATLANTIS AVENUE |
|
LONDON |
|
|
|
E16 2BF |
Company summary
|
Company Name |
BUHLER SORTEX LIMITED |
Company Number |
00434274 |
|
Registered
Address |
20 ATLANTIS AVENUE |
Trading Address |
Sortex Ltd |
|
|
LONDON |
|
|
|
|
|
|
|
|
|
E16 2BF |
|
|
|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number |
02070557777 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
01/05/1947 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
SORTEX LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
09/07/2007 |
Filing Date of
Accounts |
05/07/2012 |
|
|
|
Share Capital |
£1,250,000 |
|
SIC03 |
2956 |
Currency |
GBP |
|
SIC03
Description |
MANUFACTURE OF OTHER SPECIAL PURPOSE
MACHINERY |
||
|
SIC07 |
28990 |
||
|
SIC07 Description |
MANUFACTURE OF OTHER SPECIAL-PURPOSE MACHINERY N.E.C. |
||
|
Principal Activity |
The manufacture and distribution of electronic colour sorters and
vision systems, and manufacture and installation of cleaning and sorting
machinery, mainly for the food and agriculture industries. |
||
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
There has been no significant change in the company's credit rating. |
|
|
The credit limit on this company has fallen 50% in comparison to the
previously suggested credit limit. |
|
|
Sales in the latest trading period decreased 12.2% on the previous
trading period. |
|
|
Net Worth decreased by 5.6% during the latest trading period. |
|
|
A 21% decline in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits decreased by 22% compared to the previous trading
period. |
|
|
The company saw a decrease in their Cash Balance of 52.7% during the
latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
The company has undergone recent changes in its directorships. |
|
|
The company is part of a group. |
|
|
The company was established over 65 years ago. |
|
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/12/2011 |
£74,325,827 |
£19,736,004 |
£27,655,923 |
221 |
|
31/12/2010 |
£84,610,842 |
£25,318,002 |
£29,311,723 |
224 |
|
31/12/2009 |
£63,405,604 |
£15,788,727 |
£21,978,730 |
193 |
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady ImprovingWorsening |
Be the first to leave a payment experience
|
|
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
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
7 |
|
Total Current Directors |
9 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
23 |
Current Directors
|
Name |
Date of Birth |
20/01/1961 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
06/11/1998 |
|
|
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
|
|
|
|
|
Name |
Date of Birth |
04/10/1955 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
16/06/1998 |
|
|
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
|
|
|
|
|
Name |
Date of Birth |
05/12/1961 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
25/09/2000 |
|
|
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
|
|
|
|
|
Name |
Date of Birth |
06/10/1956 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
18/07/2003 |
|
|
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
|
|
|
|
|
Name |
Date of Birth |
20/11/1954 |
|
|
Officers Title |
Mr |
Nationality |
Swiss |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/01/2004 |
|
|
|
Address |
Bachtelstrasse 11, Schaffhausen, 8200 |
||
|
|
|
|
|
|
Name |
Date of Birth |
15/09/1958 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/08/2005 |
|
|
|
Address |
The Old Rectory, Church Road, Ardley, Oxfordshire, OX27 7NP |
||
|
|
|
|
|
|
Name |
Date of Birth |
13/05/1975 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
18/04/2011 |
|
|
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
|
|
|
|
|
Name |
Date of Birth |
21/09/1962 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
07/11/2011 |
|
|
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
|
|
|
|
|
Name |
Date of Birth |
10/07/1964 |
|
|
Officers Title |
Mr |
Nationality |
Swiss |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
14/01/2013 |
|
|
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
20/01/1961 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
31/03/1998 |
|
|
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
|
|
|
|
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
BUHLER UK HOLDINGS LTD |
GBP |
1,250,000 |
ORDINARY |
1 |
100 |
Profit & Loss
|
Date Of Accounts |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
|
Weeks |
52 |
52 |
52 |
52 |
52 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Consolidated A/cs |
N |
N |
N |
N |
N |
|
Turnover |
£74,325,827 |
£84,610,842 |
£63,405,604 |
£46,057,843 |
£36,615,228 |
|
Export |
£73,042,505 |
£83,903,401 |
£62,685,328 |
£45,316,800 |
£35,975,442 |
|
Cost of Sales |
£47,115,484 |
£51,942,686 |
£40,914,191 |
£32,863,678 |
£26,926,748 |
|
Gross Profit |
£27,210,343 |
£32,668,156 |
£22,491,413 |
£13,194,165 |
£9,688,480 |
|
Wages & Salaries |
£8,683,897 |
£8,382,461 |
£7,489,064 |
£6,952,481 |
£6,458,621 |
|
Directors Emoluments |
£1,145,667 |
£1,252,876 |
£1,063,450 |
£1,033,483 |
£922,239 |
|
Operating Profit |
£19,752,187 |
£25,320,841 |
£15,821,879 |
£8,903,106 |
£4,924,877 |
|
Depreciation |
£742,715 |
£734,027 |
£664,900 |
£690,063 |
£377,985 |
|
Audit Fees |
£53,650 |
£48,500 |
£41,300 |
£38,000 |
£35,000 |
|
Interest Payments |
£38,166 |
£4,712 |
£105,880 |
£542,911 |
£122,425 |
|
Pre Tax Profit |
£19,736,004 |
£25,318,002 |
£15,788,727 |
£8,420,449 |
£4,835,047 |
|
Taxation |
-£5,032,904 |
-£7,110,284 |
-£4,540,782 |
-£2,559,017 |
-£1,151,074 |
|
Profit After Tax |
£14,703,100 |
£18,207,718 |
£11,247,945 |
£5,861,432 |
£3,683,973 |
|
Dividends Payable |
£16,000,000 |
£11,000,000 |
£7,000,000 |
£2,500,000 |
£3,000,000 |
|
Retained Profit |
-£1,296,900 |
£7,207,718 |
£4,247,945 |
£3,361,432 |
£683,973 |
Balance Sheet
|
Date Of Accounts |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
|
Tangible Assets |
£729,209 |
£12,683,578 |
£13,018,943 |
£13,192,933 |
£13,326,389 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
£729,209 |
£12,683,578 |
£13,018,943 |
£13,192,933 |
£13,326,389 |
|
Stock |
£5,896,572 |
£6,733,692 |
£5,509,358 |
£5,194,320 |
£4,803,290 |
|
Trade Debtors |
£18,603,159 |
£16,445,084 |
£13,836,843 |
£2,437,967 |
£4,096,873 |
|
Cash |
£6,968,861 |
£14,741,438 |
£9,982,022 |
£10,077,180 |
£1,798,450 |
|
Other Debtors |
£12,309,785 |
£5,736,582 |
£6,493,497 |
£5,574,079 |
£6,965,522 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
0 |
|
Total Current Assets |
£43,778,377 |
£43,656,796 |
£35,821,720 |
£23,283,546 |
£17,664,135 |
|
Trade Creditors |
£1,193,467 |
£3,655,085 |
£3,074,965 |
£2,416,330 |
£1,948,699 |
|
Bank Loans & Overdrafts |
0 |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
£795,203 |
£529,735 |
£1,072,275 |
£821,911 |
£2,788,085 |
|
Miscellaneous Current Liabilities |
£11,969,436 |
£14,458,670 |
£13,577,943 |
£7,430,413 |
£5,471,367 |
|
Total Current Liabilities |
£13,958,106 |
£18,643,490 |
£17,725,183 |
£10,668,654 |
£10,208,151 |
|
Bank Loans & Overdrafts and LTL |
£2,893,557 |
£8,385,161 |
£9,136,750 |
£7,382,960 |
£5,874,300 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
£2,893,557 |
£8,385,161 |
£9,136,750 |
£7,382,960 |
£5,874,300 |
Capital & Reserves
|
Date Of Accounts |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
|
Called Up Share Capital |
£1,250,000 |
£1,250,000 |
£1,250,000 |
£1,250,000 |
£1,250,000 |
|
P & L Account Reserve |
£26,405,923 |
£28,061,723 |
£20,728,730 |
£17,174,865 |
£13,658,073 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£27,655,923 |
£29,311,723 |
£21,978,730 |
£18,424,865 |
£14,908,073 |
Other Financial Items
|
Date Of Accounts |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
|
Net Worth |
£27,655,923 |
£29,311,723 |
£21,978,730 |
£18,424,865 |
£14,908,073 |
|
Working Capital |
£29,820,271 |
£25,013,306 |
£18,096,537 |
£12,614,892 |
£7,455,984 |
|
Total Assets |
£44,507,586 |
£56,340,374 |
£48,840,663 |
£36,476,479 |
£30,990,524 |
|
Total Liabilities |
£16,851,663 |
£27,028,651 |
£26,861,933 |
£18,051,614 |
£16,082,451 |
|
Net Assets |
£27,655,923 |
£29,311,723 |
£21,978,730 |
£18,424,865 |
£14,908,073 |
Miscellaneous
|
Date Of Accounts |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
|
|
|
Contingent Liability |
NO |
NO |
NO |
NO |
NO |
|
Capital Employed |
£30,549,480 |
£37,696,884 |
£31,115,480 |
£25,807,825 |
£20,782,373 |
|
|
Number of Employees |
221 |
224 |
193 |
174 |
171 |
|
|
Auditors |
BOURNER BULLOCK |
|||||
|
Auditor Comments |
The audit report contains no adverse
comments |
|||||
Ratios
|
Date Of Accounts |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
|
Pre-tax profit margin % |
26.55 |
29.92 |
24.90 |
18.28 |
13.21 |
|
Current ratio |
3.14 |
2.34 |
2.02 |
2.18 |
1.73 |
|
Sales/Net Working Capital |
2.49 |
3.38 |
3.50 |
3.65 |
4.91 |
|
Gearing % |
10.50 |
28.60 |
41.60 |
40.10 |
39.40 |
|
Equity in % |
62.10 |
52 |
45 |
50.50 |
48.10 |
|
Creditor Days |
5.84 |
15.72 |
17.65 |
19.09 |
19.37 |
|
Debtor Days |
91.10 |
70.74 |
79.43 |
19.26 |
40.72 |
|
Liquidity/Acid Test |
2.71 |
1.98 |
1.71 |
1.69 |
1.25 |
|
Return On Capital Employed % |
64.60 |
67.16 |
50.74 |
32.62 |
23.26 |
|
Return On Total Assets Employed % |
44.34 |
44.93 |
32.32 |
23.08 |
15.60 |
|
Current Debt Ratio |
0.50 |
0.63 |
0.80 |
0.57 |
0.68 |
|
Total Debt Ratio |
0.60 |
0.92 |
1.22 |
0.97 |
1.07 |
|
Stock Turnover Ratio % |
7.93 |
7.95 |
8.68 |
11.27 |
13.11 |
|
Return on Net Assets Employed % |
71.36 |
86.37 |
71.83 |
45.70 |
32.43 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
25/01/2013 |
New Board Member Mr M. Picalek appointed |
|
14/07/2012 |
New Accounts Filed |
|
14/07/2012 |
New Accounts Filed |
|
16/05/2012 |
Annual Returns |
|
21/12/2011 |
New Board Member Mr G. Yates appointed |
|
07/11/2011 |
Mr A. Hillary has left the board |
|
20/05/2011 |
Annual Returns |
|
18/05/2011 |
New Board Member Mr M.I. Kelly appointed |
|
12/04/2011 |
New Accounts Filed |
|
12/04/2011 |
New Accounts Filed |
|
12/04/2011 |
Mr B.G. Kilshaw has left the board |
|
31/01/2011 |
Mr C.E. Briggs has left the board |
|
11/06/2010 |
New Accounts Filed |
|
11/06/2010 |
New Accounts Filed |
|
20/05/2010 |
Annual Returns |
Previous Company Names
|
Date |
Previous Name |
|
09/07/2007 |
SORTEX LIMITED |
|
31/10/1985 |
GUNSON'S SORTEX LIMITED |
Statistics
|
Group |
6 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
BUHLER UK HOLDINGS LIMITED |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
BUHLER HOLDINGS AG |
Group structure
|
COMPANY NAME |
|
REGISTERED NUMBER |
LATEST KEY FINANCIALS |
CONSOL. ACCOUNTS |
TURNOVER |
|
|
|
N/A |
- |
- |
|
|
|
|
00683185 |
31.12.2011 |
Y |
£90,336,536 |
|
|
|
06251424 |
31.12.2011 |
N |
£185,704 |
|
|
|
02925744 |
31.12.2011 |
N |
£9,638,808 |
|
|
|
00434274 |
31.12.2011 |
N |
£74,325,827 |
|
|
|
01579088 |
31.12.2012 |
N |
£8,143,015 |
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
27/01/99 |
|
|
|
Date Charge Registered: |
28/01/99 |
|
|
|
Date Charge Satisfied: |
22/12/04 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
GENERALE BANK NV - GENERALE DE BANQUE SA |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
PROPERTY K/A PUDDING MILL LANE T/NO:
EGL164713 AND ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FROM TIME
TO TIME THEREON TOGETHER WITH ALL PLANT MACHINERY FITTINGS COMPUTERS AND
OFFICE AND OTHER EQUIPMENT FROM TIME T OTIME ON THEPROPERTY SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
12/12/80 |
|
|
|
Date Charge Registered: |
19/12/80 |
|
|
|
Date Charge Satisfied: |
19/12/80 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BROWN SHIPLEY & CO. LTD. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
DEBTS UNCALLED CPAITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT
& MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
12/12/80 |
|
|
|
Date Charge Registered: |
19/12/80 |
|
|
|
Date Charge Satisfied: |
19/12/80 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HENRY ANSBACHEN AND COMPANY LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT
& MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
12/12/80 |
|
|
|
Date Charge Registered: |
19/12/80 |
|
|
|
Date Charge Satisfied: |
19/12/80 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON
ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT
& MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
12/12/80 |
|
|
|
Date Charge Registered: |
19/12/80 |
|
|
|
Date Charge Satisfied: |
19/12/80 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HAMBROS BANK LTD. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE UNDERTAKING
AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS
UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT &
MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
12/12/80 |
|
|
|
Date Charge Registered: |
19/12/80 |
|
|
|
Date Charge Satisfied: |
19/12/80 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT
& MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
12/12/80 |
|
|
|
Date Charge Registered: |
19/12/80 |
|
|
|
Date Charge Satisfied: |
19/12/80 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CLYDESDALE BANK LTD. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE
UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT
& MACHINERY |
||
Creditor Details
|
No Creditor Data |
||
|
Total Value |
- |
|
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
||
|
Total Value |
- |
|
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
2 |
9 |
|
|
2 |
9 |
|
|
0 |
10 |
|
|
0 |
35 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
13 |
5 |
|
|
6 |
9 |
|
|
0 |
2 |
|
|
0 |
3 |
|
|
1 |
35 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
1 |
2 |
|
|
0 |
3 |
|
|
0 |
1 |
|
|
0 |
4 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
2 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
UK Pound |
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.11 |
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.