|
Report Date : |
11.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
GUNNEBO ENTRANCE CONTROL LIMITED |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
07.03.1991 |
|
|
|
|
Com. Reg. No.: |
02589251 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
The design, manufacture and technical support of building security and pedestrian entrance control systems including turnstile and interlocking performance doors. |
|
|
|
|
No of Employees : |
64 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
The
|
Source
: CIA |
|
GUNNEBO ENTRANCE
CONTROL LIMITED |
|
|
OPTIMUS |
Telephone +44 018 2576 1022 |
|
|
Fax - |
|
UCKFIELD |
Website www.gunnebo.com |
|
E.SUSSEX, |
|
|
TN22 1QU |
|
|
|
|
|
Company Number: |
02589251 |
Status: |
Active - Accounts Filed |
|
Foundation: |
07/03/1991 |
|
|
No exact match CCJs are recorded against the company. The company's credit rating has increased from 29 to 43 which indicates it is creditworthy. Net Worth increased by 11.3% during the latest trading period. A 5.4% growth in Total Assets occurred during the latest trading period. Pre-tax profits increased by 85.7% compared to the previous trading period. The audit report contains no adverse comments.
Sales in the latest trading period decreased 3.2% on the previous trading period.
There has been no significant change in the company's credit limit. The company has undergone recent changes in its directorships. The company is part of a group. The company was established over 23 years ago.
Legal form
Private limited with Share
Capital
Foundation
07/03/1991
Company No.
02589251
Previous
Names
|
Date of Change |
Previous Name |
|
13/08/2003 |
GUNNEBO MAYOR LIMITED |
|
01/01/1997 |
MAYOR LIMITED |
|
04/06/1991 |
POINTINCOME LIMITED |
Shareholders
|
Name |
Currency |
Number
of shares |
Share type |
Nominal value |
|
GUNNEBO UK LTD |
GBP |
4,550,000 |
ORDINARY |
1 |
|
Total Share Capital |
|
|
|
GBP 4,550,000 |
Management
Directors
|
Name |
Address: |
Date of birth |
Nationality |
Appointment
date |
|
Mr David John Taylor |
Optimus, |
04/09/1963 |
British |
01/01/2009 |
|
Mr Robert Karl Alexander Hermans |
Optimus, |
02/05/1968 |
Swedish |
01/01/2011 |
|
Mr Timothy Norman Chalk |
Optimus, |
08/11/1964 |
British |
28/08/2014 |
|
Company Secretary |
||
|
Name |
Address: |
Appointment date |
|
Mr Peter Crabtree |
Optimus, |
18/01/2010 |
Other Known Addresses
Brambleside,
Optimus, Brambleside, Bellbrook Industrial Estate, Uckfield,
Company No. Name Status Country
Ultimate parent
5560412362 Gunnebo Nordic AB Active SE
|
Main activity |
|
|
Principal Activity |
The
design, manufacture and technical support of building security and pedestrian
entrance control systems including turnstile and interlocking performance
doors. |
|
SIC03 |
Other manufacturing |
|
SIC07 |
Other manufacturing n.e.c. |
Turnover and
Employees
|
Date of Accounts |
Turnover |
Employees |
|
31/12/2011 |
GBP 17,109,000 |
75 |
|
31/12/2012 |
GBP 15,706,000 |
68 |
|
31/12/2013 |
GBP 15,208,000 |
64 |
Banks
Bank Name Bank
Branch Sort Code
SKANDINAVISKA
ENSKILDA BANKEN 40-48-65
Auditor name
DELOITTE LLP
|
Company history |
|
|
Date |
Action |
|
08/01/2010 |
Annual Returns |
|
18/01/2010 |
Annual Returns |
|
20/01/2010 |
Mr D.J. Taylor has resigned
as company secretary |
|
20/01/2010 |
New Company Secretary Mr P. Crabtree appointed |
|
16/03/2010 |
Annual Returns |
|
20/05/2010 |
Mr R.E. Wheeler has left the
board |
|
19/06/2010 |
New Accounts Filed |
|
19/06/2010 |
New Accounts Filed |
|
09/02/2011 |
New Board Member Mr R.K.
Hermans appointed |
|
11/03/2011 |
Annual Returns |
|
17/08/2011 |
New Accounts Filed |
|
17/08/2011 |
New Accounts Filed |
|
12/03/2012 |
Change in Reg.Office |
|
12/03/2012 |
Change of Company Postcode |
|
13/03/2012 |
Annual Returns |
|
19/04/2012 |
Change in Reg.Office |
|
19/04/2012 |
Change of Company Postcode |
|
28/09/2012 |
New Accounts Filed |
|
08/04/2013 |
Annual Returns |
|
08/10/2013 |
New Accounts Filed |
|
08/10/2013 |
New Accounts Filed |
|
15/03/2014 |
Annual Returns |
|
16/09/2014 |
New Board Member Mr T.N.
Chalk appointed |
|
11/10/2014 |
New Accounts Filed |
|
Mortgages |
|
|
Charge created |
24/05/1991 |
|
Charge registered |
11/06/1991 |
|
Status |
SATISFIED |
|
Entitled person |
NATIONAL WESTMINSTER BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
A SPECIFIC EQUITABLE CHARGE
OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
|
Charge created |
24/05/1991 |
|
Charge registered |
11/06/1991 |
|
Status |
SATISFIED |
|
Entitled person |
NATIONAL WESTMINSTER BANK
PLC |
|
Secured amount |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
UNITS 1 AND 2 OPTIMAS BELLBROOK BUSINESS PARK EAST SUSSEXT/N ESX
164850 AND OR PROCEEDS OF SALE FLOATING CHARGE OVER ALL MOVEABLE PLANT
MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT |
|
Charge created |
24/05/1991 |
|
Charge registered |
29/05/1991 |
|
Status |
SATISFIED |
|
Entitled person |
3I GROUP PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON
ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
County Court
Judgments (CCJs)
There are no County Court Judgments listed against this company
Profit & Loss
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Turnover |
15,208,000 |
15,706,000 |
17,109,000 |
17,438,000 |
|
Export |
12,946,000 |
13,667,000 |
14,246,000 |
13,655,000 |
|
Cost of Sales |
13,463,000 |
14,585,000 |
14,840,000 |
17,850,000 |
|
Gross Profit |
1,745,000 |
1,121,000 |
2,269,000 |
-412,000 |
|
Wages And Salaries |
2,066,000 |
2,433,000 |
2,235,000 |
3,035,000 |
|
Directors Emoluments |
364,000 |
368,000 |
346,000 |
401,000 |
|
Operating Profit |
51,000 |
-1,955,000 |
-249,000 |
-662,000 |
|
Depreciation |
118,000 |
148,000 |
143,000 |
191,000 |
|
Audit Fees |
23,000 |
23,000 |
23,000 |
24,000 |
|
Interests Payments |
186,000 |
122,000 |
67,000 |
67,000 |
|
Pre Tax Profit |
-134,000 |
-935,000 |
-313,000 |
-726,000 |
|
Taxation |
301,000 |
-125,000 |
74,000 |
711,000 |
|
Profit After Tax |
167,000 |
-1,060,000 |
-239,000 |
-15,000 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
Retained Profit |
167,000 |
-1,060,000 |
-239,000 |
-15,000 |
Balance Sheet
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Tangible Assets |
2,634,000 |
2,720,000 |
1,659,000 |
1,731,000 |
|
Intangible Assets |
243,000 |
158,000 |
5,000 |
20,000 |
|
Total Fixed Assets |
2,877,000 |
2,878,000 |
1,664,000 |
1,751,000 |
|
Stock |
1,382,000 |
1,355,000 |
1,662,000 |
1,839,000 |
|
Trade Debtors |
357,000 |
221,000 |
219,000 |
445,000 |
|
Cash |
5,000 |
5,000 |
4,000 |
10,000 |
|
Other Debtors |
3,038,000 |
2,806,000 |
3,256,000 |
4,088,000 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
4,782,000 |
4,387,000 |
5,141,000 |
6,382,000 |
|
Trade Creditors |
625,000 |
212,000 |
259,000 |
556,000 |
|
Bank Loans and Overdraft |
3,706,000 |
3,970,000 |
886,000 |
1,502,000 |
|
Other Short Term Finance |
1,241,000 |
1,101,000 |
1,337,000 |
1,526,000 |
|
Miscellaneous Current
Liabilities |
251,000 |
393,000 |
414,000 |
398,000 |
|
Total Current Liabilities |
5,823,000 |
5,676,000 |
2,896,000 |
3,982,000 |
|
Bank Loans and Overdrafts
LTL |
4,236,000 |
4,446,000 |
2,622,000 |
3,241,000 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
530,000 |
476,000 |
1,736,000 |
1,739,000 |
Capital &
Reserves
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Called Up Share Capital |
4,550,000 |
4,550,000 |
4,550,000 |
4,550,000 |
|
P and L Account Reserve |
-3,277,000 |
-3,444,000 |
-2,384,000 |
-2,145,000 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
33,000 |
7,000 |
7,000 |
7,000 |
|
Shareholders Funds |
1,306,000 |
1,113,000 |
2,173,000 |
2,412,000 |
Other Financial Items
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Net Worth |
1,063,000 |
955,000 |
2,168,000 |
2,392,000 |
|
Working Capital |
-1,041,000 |
-1,289,000 |
2,245,000 |
2,400,000 |
|
Total Assets |
7,659,000 |
7,265,000 |
6,805,000 |
8,133,000 |
|
Total Liabilities |
6,353,000 |
6,152,000 |
4,632,000 |
5,721,000 |
|
Net Assets |
1,306,000 |
1,113,000 |
2,173,000 |
2,412,000 |
Cash Flow
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
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 |
|
Increase in Cash |
0 |
1,000 |
-6,000 |
-661,000 |
Miscellaneous
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
|
Capital Employed |
1,836,000 |
1,589,000 |
3,909,000 |
4,151,000 |
Financial Ratios
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Pre Tax Profit Margin |
-0.88 % |
-5.95 % |
-1.83 % |
-4.16% |
|
Current Ration |
0.82 |
0.77 |
1.78 |
1.60 |
|
Sales or Net Working Capital |
-14.61 |
-12.18 |
7.62 |
7.27 |
|
Gearing |
324.35 % |
399.46 % |
120.66 % |
134.37% |
|
Equity |
17.61 % |
15.66 % |
31.96 % |
29.73 % |
|
Creditor Days |
14.95 |
4.91 |
5.51 |
11.60 |
|
Debtor Days |
8.54 |
5.12 |
4.65 |
9.28 |
|
Liquidity or Acid test |
0.58 |
0.53 |
1.20 |
1.14 |
|
Return on Capital Employed |
-7.29 % |
-58.84 % |
-8.00 % |
-17.48% |
|
Return on Total Assets
Employed |
-1.74% |
-12.86 % |
-4.59 % |
-8.92 % |
|
Current Debt Ratio |
4.45 % |
5.09 % |
1.33 % |
1.65% |
|
Total Debt Ratio |
4.86 % |
5.52 % |
2.13% |
2.37 % |
|
Stock Turnover Ratio |
9.08 % |
8.62 % |
9.71 % |
10.54% |
|
Return on Net Assets
Employed |
-10.26 % |
-84.00 % |
-14.40% |
-30.09 % |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.95 |
|
|
1 |
Rs. 97.15 |
|
Euro |
1 |
Rs. 76.74 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.