MIRA INFORM REPORT

 

 

Report Date :

06.11.2013

 

IDENTIFICATION DETAILS

 

Name :

COMPLETE PARTS LIMITED

 

 

Registered Office :

3 THE Archway Radford Road Alvechurch B48 7LD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

30.04.1985

 

 

Com. Reg. No.:

01909947

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Not Available

 

 

No. of Employees :

06

 

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

Payment Behaviour :

--

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 Ł375 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 identification

 

 

 

 

COMPLETE PARTS LIMITED

 

Telephone

 

00441213228946

 

3 THE ARCHWAY

Fax

-

RADFORD ROAD

Website

-

ALVECHURCH

B48 7LD

United Kingdom

 

 

 

Company Number: Foundation:

 

01909947

30/04/1985

 

Status:

 

Company not trading

 

 

 

Basic information

 

 

 

Legal form

Private limited with Share Capital

 

 

 

 

Foundation                                                                                                                                              

30/04/1985

 

 

Name

Currency

Number of shares

Share type

Nominal value

 

CONCENTRIC BIRMINGHAM LTD

GBP

99

ORDINARY

1

 

MR ROGER FREDERICK MILES

&amp; MR ANTHONY CHRISTOPHER FIRTH

GBP

1

ORDINARY

1

 

Total Share Capital                                                                                              GBP 100

 

 

 

Directors

 

Name

Address:

Date of birth

Nationality

Appointment date

Mr David John Woolley

3 The Archway, Radford Road, Alvechurch B48 7LD

05/01/1962

British

09/01/2011

 

 

Company Secretary

 

Name

Address:

Appointment date

Mr David Thomas Bessant

3 The Archway, Radford Road, Alvechurch B48 7LD

12/05/2010

 

 

 

 

Company No.

01909947

 

 

 

 

Previous Names                                                                                                                                      

 

 

  Date of Change            Previous Name                                                                                                

17/06/1985                      VANBORLAND LIMITED

 

 

 

Shareholders

 

Name                                       Currency          Number of shares         Share type        Nominal value

CONCENTRICBIRMINGHAM LTD GBP    99                                 ORDINARY                   1

MR ROGER FREDERICK MILES

&amp; MR ANTHONY CHRISTOPHER

FIRTH                                         GBP   1                                  ORDINARY                               1

Total Share Capital                                                                                                       GBP 100

 

 

 

Other Known Addresses   

 

3 The Archway, Radford Road, Alvechurch, Birmingham, West Midlands B48 7LD Unit 69, Gravelly Industrial Park, Birmingham, West Midlands B24 8TQ

 

Company relationships

 

 

 

 

 

Company No.       Name                                                             Status             Country                        

Ultimate parent                                                                                                                                      

-                            CONCENTRIC AB                                            Other               SE

 Affiliated companies                                                                                                                                 

 

03870488

CONCENTRIC PUMPS PLC

Active

United Kingdom

 

00569008

CONCENTRIC ENGINEERING LIMITED

Non Trading

United Kingdom

 

01243259

CONCENTRIC OVERSEAS LIMITED

Active

United Kingdom

01909948

LANDON KINGSWAY LIMITED

Non Trading

United Kingdom

03404056

CONCENTRIC TIPTON LIMITED

Non Trading

United Kingdom

05652511

CONCENTRIC VFP LIMITED

Non Trading

United Kingdom

 

 

Immediate parent                                                                                                                                   

       00671254               CONCENTRIC BIRMINGHAM LIMITED            Active       United Kingdom

 

 

   Immediate parent                                                                                                                                

00671254               CONCENTRIC BIRMINGHAM LIMITED              Active              United Kingdom

 

 

 

Business activities

 

 

 

 

 

   Main activity                                                                                                                                      

Dormant Company

 

 

 

Economic data

 

Turnover and Employees

Date of Accounts                      Turnover                      Employees

31/12/2010                                Not Stated                    Not Stated

31/12/2011                                Not Stated                    Not Stated

31/12/2012                                Not Stated                    Not Stated

 

 

Supplementary data

 

 

 

Auditor                                                                                                                                                    

 

 

Auditor name

PRICEWATERHOUSECOOPERS LLP

 

 

 

Events                                                                                                                                                     

 

   Company history                                                                                                                             

  Date                             Action                                                                                                           

13/01/2009                      Annual Returns

 

05/11/2009                      New Accounts Filed

 

05/11/2009                      New Accounts Filed

 

20/01/2010                      Mr E.J. Riley has resigned as company secretary

 

20/01/2010                      Mr E.J. Riley has left the board

 

20/01/2010                      New Company Secretary Mr D.T. Bessant appointed

 

20/01/2010                      New Board Member Mr D.T. Bessant appointed

 

28/01/2010                      Annual Returns

 

08/09/2010                      New Accounts Filed

 

30/12/2010                      Annual Returns

 

05/09/2011                      Mr S. Johansson has left the board

 

05/09/2011                      Mr I.R. Dugan has left the board

 

05/09/2011                      New Board Member Mr D.J. Woolley appointed

 

14/10/2011                      New Accounts Filed

 

03/01/2012                      Annual Returns

 

11/10/2012                      New Accounts Filed

 

03/01/2013                      Annual Returns

 

04/10/2013                      New Accounts Filed

 

Mortgages

 

Mortgage type

COMPOSITE GUARANTEE AND DEBENTURE

Charge created

14/10/1998

Charge registered

02/11/1998

Status

SATISFIED

Entitled person

THE ROYAL BANK OF SCOTLAND PLC

Secured amount

ALL MONEYS OBLIGATIONS AND LIABILITIES DUE OR TO BECOME DUE FROM THE COMPANY TOTHE CHARGEE AS SECURITY TRUSTEE FOR THESECURED PARTIES (AS DEFINED) OR ANY OF THEM INCLUDING WITHOUT LIMITATION ALL MONEYS OBLIGATIONS AND LIABILITIES DUE UNDER OR PURSUANT TO THE SE- CURED DOCUMENTS (AS DEFINED)

Mortgage detail

. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROP- ERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Mortgage type

SUPPLEMENTAL DEBENTURE

Charge created

22/01/1999

Charge registered

02/02/1999

Status

SATISFIED

Entitled person

THE ROYAL BANK OF SCOTLAND PLC

Secured amount

AND VARYING THE TERMS OF THE COMPOSITE GUARANTEE AND DEBENTURE DATED 14TH OCTOBER 1998

Mortgage detail

. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROP- ERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Mortgage type

COMPOSITE GUARANTEE AND DEBENTURE (AS DEFINED)

Charge created

28/03/2000

Charge registered

13/04/2000

Status

SATISFIED

Entitled person

THE ROYAL BANK OF SCOTLAND PLC,AS TRUSTEE ON BEHALF OF ITSELF,THE BANKS AND FINANCIALINSTITUTIO

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER OR PURSUANT TO VARIOUS AGREEMENTS (AS DEFINED),ANY OTHER DOCUMENTS AND THIS DEBENTURE

Mortgage detail

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

 

County Court Judgments (CCJs)

There are no County Court Judgments listed against this company

Profit & Loss

 

 

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

31/12/2009

52

GBP

Group: No

Turnover

0

0

0

1,949,000

Export

-

-

-

982,000

Cost of Sales

-

-

-

1,367,000

Gross Profit

-

-

-

582,000

Wages And Salaries

0

0

0

97,000

Directors Emoluments

-

-

-

0

Operating Profit

-

-

-

148,000

Depreciation

0

-

-

3,000

Audit Fees

0

0

-

15,000

Interests Payments

-

-

-

16,000

Pre Tax Profit

0

0

0

132,000

Taxation

-

-

-

-48,000

Profit After Tax

-

-

-

84,000

Dividends Payable

-

-

-

0

Retained Profit

-

-

-

84,000

 

 

Balance Sheet

 

 

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

31/12/2009

52

GBP

Group: No

Tangible Assets

0

0

0

5,000

Intangible Assets

0

0

0

0

Total Fixed Assets

0

0

0

5,000

Stock

0

0

0

357,000

Trade Debtors

843,000

0

0

273,000

Cash

0

0

0

408,000

Other Debtors

0

0

0

583,000

Miscellaneous Current Assets

0

0

0

0

Total Current Assets

843,000

0

0

1,621,000

Trade Creditors

0

0

0

211,000

Bank Loans and Overdraft

0

0

0

0

Other Short Term Finance

0

0

0

211,000

Miscellaneous Current Liabilities

0

0

0

134,000

Total Current Liabilities

0

0

0

556,000

Bank Loans and Overdrafts LTL

0

0

0

226,000

Other Long Term Finance

0

0

0

0

 

 

 

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

31/12/2009

52

GBP

Group: No

Total Long Term Liabilities

0

0

0

226,000

 

 

Capital & Reserves

 

 

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

31/12/2009

52

GBP

Group: No

Called Up Share Capital

100

0

0

0

P and L Account Reserve

842,900

0

0

844,000

Revaluation Reserve

0

0

0

0

Sundry Reserves

0

0

0

0

Shareholders Funds

843,000

0

0

844,000

 

 

Other Financial Items

 

 

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

31/12/2009

52

GBP

Group: No

Net Worth

843,000

0

0

844,000

Working Capital

843,000

0

0

1,065,000

Total Assets

843,000

0

0

1,626,000

Total Liabilities

0

0

0

782,000

Net Assets

843,000

0

0

844,000

 

 

Cash Flow

 

 

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

31/12/2009

52

GBP

Group: No

Net Cash Flow from Operations

0

0

0

0

Net Cash Flow before Financing

0

0

0

0

Net Cash Flow from Financing

0

0

0

0

 

 

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

31/12/2009

52

GBP

Group: No

Increase in Cash

0

0

-408,000

84,000

 

 

Miscellaneous

 

 

31/12/2012

52

GBP

Group: No

31/12/2011

52

GBP

Group: No

31/12/2010

52

GBP

Group: No

31/12/2009

52

GBP

Group: No

Capital Employed

843,000

0

0

1,070,000

 

 

Financial Ratios

 

Name                                                                       31/12/2012   31/12/2011   31/12/2010    31/12/2009

Pre Tax Profit Margin

0.0%

0.0%

0.0%

6.77 %

Current Ration

0.00

0.00

0.00

2.92

Sales or Net Working Capital

0.00

0.00

0.00

1.83

Gearing

0.00 %

0.0%

0.0%

26.78 %

Equity

100.00 %

0.0%

0.0%

51.91 %

Creditor Days

0.00

0.00

0.00

39.40

Debtor Days

0.00

0.00

0.00

50.98

Liquidity or Acid test

0.00

0.00

0.00

2.27

Return on Capital Employed

0.0%

0.0%

0.0%

12.33 %

Return on Total Assets Employed

0.0%

0.0%

0.0%

8.11 %

Current Debt Ratio

0.0%

0.0%

0.0%

0.65 %

Total Debt Ratio

0.0%

0.0%

0.0%

0.92 %

Stock Turnover Ratio

0.0%

0.0%

0.0%

18.31 %

Return on Net Assets Employed

0.0%

0.0%

0.0%

15.63 %

 

 

Remarks

 

This is a non trading company and has only submitted dormant accounts. The actual trading activities are

carried on by CONCENTRIC BIRMINGHAM LIMITED, 01909947 which trades as “Complete Parts”. This

company employs 5 people at the address given and operates under the VAT number GB 346054956.

 

No further details are available on the dormant company

 

Trading Address Confirmed: Unit 69, Walker Drive, Gravelly Park, Birmingham, West Midlands, B24 8TQ

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.79

UK Pound

1

Rs.98.66

Euro

1

Rs.83.42

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.