MIRA INFORM REPORT

 

 

Report Date :

02.08.2014

 

IDENTIFICATION DETAILS

 

Name :

ENHYDRA LTD

 

 

Registered Office :

Woodend House Woodend Lane, Cromhall, Glos, GL12 8AA

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

21.01.2008

 

 

Legal Form :

Private limited with share capital

 

 

Line of Business :

Subject is engaged in engineering design activities for industrial process and production.

 

 

No. of Employees

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

 

Source : CIA

 

 

 

Company name and address

 

ENHYDRA LTD

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Jonathan Dalglish Stevenson

Date of Birth

27/04/1970

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

21/01/2008

 

 

Address

Woodend House Woodend Lane, Cromhall, Glos, GL12 8AA

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

David Douglas Lloyd

Date of Birth

16/06/1960

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

21/01/2008

 

 

Address

Woodend House Woodend Lane, Cromhall, Glos, GL12 8AA

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

David Douglas Lloyd

Date of Birth

16/06/1960

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

21/01/2008

 

 

Address

Woodend House Woodend Lane, Cromhall, Glos, GL12 8AA

 

Previous Director/Company Secretaries

No Previous Director Details

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

 

Total Mortgage               2

Outstanding                   2

Satisfied                        0

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade      0

Total Value of Documented Trade        £0

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

 

Mortgage Details

 

Mortgage Type:

 

Date Charge Created:

28/10/13

 

 

Date Charge Registered:

05/11/13

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS BANK PLC;

Amount Secured:

 

Details:

CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

DEPOSIT AGREEMENT TO SECURE OWN LIABILITIES

Date Charge Created:

07/10/10

 

 

Date Charge Registered:

12/10/10

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ALL SUCH RIGHTS TO THE REPAYMENT OF THEDEPOSIT MEANING THE DEBT(S) ON THE ACCOUNT(S) DESCRIBED IN THE SCHEDULE BEING THE ACCOUNT WITH THE BANK DENOMINATED IN US DOLLARS DESIGNATED LTSB RE ENHYDRA LTDAND 11667416 AND ANY ACCOUNT(S) FOR THE TIME BEING REPLACING THE SAME AND ALL INTEREST OWING IN RESPECT THEREOF AND ALL DEPOSITS WITH THE BANKS TREASURY DIVISION IN THE NAME OF THE BANK RE THE COMPANY

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

MRS CLAIRE ELIZABETH STEVENSON

GBP

1,000

ORDINARY B

0.01

MR JONATHAN DALGLISH STEVENSON

GBP

1,000

ORDINARY A

0.01

MR DAVID DOUGLAS LLOYD

GBP

1,000

ORDINARY A

0.01

DR ISOBEL MARY LLOYD

GBP

1,000

ORDINARY B

0.01

MR JONATHAN DALGLISH STEVENSON

GBP

1,000

ORDINARY B

0.01

MR DAVID DOUGLAS LLOYD

GBP

1,000

ORDINARY B

0.01

KEITH HAWKER

GBP

105

ORDINARY C

0.01

 

 

PAYMENT INFORMATION

 

Average Invoice Value

£326.65

Invoices available

62

Paid

59

Outstanding

3

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

49

5

5

0

0

Outstanding

0

0

0

3

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group structure

No group structure

 

 

FINANCIAL INFORMATION

 

 

Profit & Loss

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

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

£17,386

10.3%

£15,763

256.9%

£4,417

91.6%

£2,305

135.4%

£979

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Tangible Assets

£44,513

-21.4%

£56,607

691.9%

£7,148

-31.3%

£10,401

381.5%

£2,160

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£44,513

-21.4%

£56,607

691.9%

£7,148

-31.3%

£10,401

381.5%

£2,160

Stock

£21,375

-

0

-

0

-

0

-

0

Trade Debtors

£570,672

92.4%

£296,556

237.9%

£87,764

-49.2%

£172,931

103.6%

£84,940

Cash

£411,979

-1.6%

£418,623

135.5%

£177,791

-8%

£193,307

481%

£33,271

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,004,026

40.4%

£715,179

169.3%

£265,555

-27.5%

£366,238

209.8%

£118,211

Trade Creditors

£432,700

-6.2%

£461,363

565.6%

£69,316

-71.4%

£242,456

238.5%

£71,621

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-100%

£23,983

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£432,700

-6.2%

£461,363

565.6%

£69,316

-71.4%

£242,456

153.6%

£95,604

Bank Loans & Overdrafts and LTL

£14,206

-44.4%

£25,549

999.9%

£1,322

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£14,206

-44.4%

£25,549

999.9%

£1,322

-

0

-

0

.

Capital & Reserves

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Called Up Share Capital

£61

-

£61

1.7%

£60

-

£60

50%

£40

P & L Account Reserve

£597,516

112.8%

£280,757

39%

£202,005

50.6%

£134,123

442.4%

£24,727

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£4,056

-

£4,056

-

-

-

-

-

-

Shareholder Funds

£601,633

111.2%

£284,874

41%

£202,065

50.6%

£134,183

441.8%

£24,767

 

Other Financial Items

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Net Worth

£601,633

111.2%

£284,874

41%

£202,065

50.6%

£134,183

441.8%

£24,767

Working Capital

£571,326

125.1%

£253,816

29.3%

£196,239

58.5%

£123,782

447.5%

£22,607

Total Assets

£1,048,539

35.9%

£771,786

183%

£272,703

-27.6%

£376,639

212.9%

£120,371

Total Liabilities

£446,906

-8.2%

£486,912

589.3%

£70,638

-70.9%

£242,456

153.6%

£95,604

Net Assets

£601,633

111.2%

£284,874

41%

£202,065

50.6%

£134,183

441.8%

£24,767

 

Miscellaneous

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£615,839

98.4%

£310,423

52.6%

£203,387

51.6%

£134,183

441.8%

£24,767

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

Ratios

Date Of Accounts

31/03/13

31/03/12

31/03/11

31/03/10

31/03/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.32

1.55

3.83

1.51

1.24

Sales/Net Working Capital

-

-

-

-

-

Gearing %

2.40

9

0.70

0

0

Equity in %

57.40

36.90

74.10

35.60

20.60

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

2.27

1.55

3.83

1.51

1.23

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.71

1.61

0.34

1.80

3.86

Total Debt Ratio

0.74

1.70

0.34

1.80

3.86

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Enquiries Trend

There have been 15 enquiries in the last 12 months.

There are an average of 1 reports taken each month.

 

Status History

No Status History found.

 

 

Event History

 

Date

Description

08/02/2014

Annual Returns

04/10/2013

New Accounts Filed

04/10/2013

New Accounts Filed

19/02/2013

Annual Returns

21/11/2012

New Accounts Filed

03/02/2012

Annual Returns

09/11/2011

Change in Reg.Office

09/11/2011

Change of Company Postcode

08/11/2011

New Accounts Filed

08/11/2011

New Accounts Filed

19/02/2011

Annual Returns

02/12/2010

New Accounts Filed

26/01/2010

Annual Returns

24/11/2009

New Accounts Filed

30/03/2009

Annual Returns

 

Previous Company Names

No Previous Names found.

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

 

There is insufficient data to indicate a change in this company's percentage of sales.

 

Net Worth increased by 111.2% during the latest trading period.

 

 

A 35.9% growth in Total Assets occurred during the latest trading period.

 

There is insufficient data to indicate a change in this company's pre-tax profit.

 

The company saw a decrease in their Cash Balance of 1.6% during the latest trading period.

 

The company is exempt from audit.

 

No recent changes in directorship are recorded.

 

The company is not part of a group.

 

The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

 

The company was established over 6 years ago.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.85

UK Pound

1

Rs.102.68

Euro

1

Rs.81.46

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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.