MIRA INFORM REPORT

 

 

Report Date :

29.07.2014

 

IDENTIFICATION DETAILS

 

Name :

CAMERONTEC SERVICES LIMITED

 

 

Formerly Known As :

E2E Infotech Ltd

 

 

Registered Office :

St. James House 13 Kensington Square London, W85HD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

27.04.2000

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

The provision of software components and consulting services to the financial services industry, specializing in the area of trading and investment banking.

 

 

No. of Employees

7

 

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 – 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

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

CAMERONTEC SERVICES LIMITED

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Vaibhav Shukla

Date of Birth

11/06/1972

Officers Title

 

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

07/10/2001

 

 

Address

23 Camomile Street, London, EC3A 7LL

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

Name

Dag Magni

Date of Birth

07/04/1969

Officers Title

Mr

Nationality

Swedish

Present Appointments

3

Function

Director

Appointment Date

10/07/2013

 

 

Address

23 Camomile Street, London, EC3A 7LL

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

Name

Per Anders Gunnar Henriksson

Date of Birth

27/11/1972

Officers Title

Mr

Nationality

Swedish

Present Appointments

2

Function

Director

Appointment Date

10/07/2013

 

 

Address

23 Camomile Street, London, EC3A 7LL

 

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Monika Kapoor

0

1

Nirav Shah

0

1

Dewangi Shah

0

1

Luca Pagetti

0

1

Tito Nocentini

0

1

Ulf Sigfridsson

0

1

Fredrik Sverker Assar Olof Hjorth

0

1

Vaibhav Shukla

3

4

Amit Khungar

0

1

Amit Khungar

0

1

Danilo Tilloca

0

1

Amit Rameshchandra Sheth

0

1

Paresh Chandulal Zaveri

0

1

WATERLOW NOMINEES LIMITED

3006

104288

WATERLOW SECRETARIES LIMITED

3102

107211

Per Anders Gunnar Henriksson

1

1

Samir Shah

1

1

 

Current Company Secretary

Name

GOODWILLE LIMITED

Date of Birth

-

Officers Title

 

Nationality

British

Present Appointments

488

Function

Company Secretary

Appointment Date

02/02/2006

 

 

Address

St James House, 13 Kensington Square, London, W8 5HD

 

 

NEGATIVE INFORMATION

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade      0

Total Value of Documented Trade        £0

 

Mortgage Summary

Total Mortgage      0

Outstanding          0

Satisfied               0

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

CAMERONTEC INTRESSENTER AB

GBP

10,000

ORDINARY

1

100

 

 

PAYMENT INFORMATION

 

Trade Payment Information

Average Invoice Value

111.59

Invoices available

3

Paid

3

Outstanding

0

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

0

2

1

0

0

Outstanding

0

0

0

0

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Previous Company Names

Date

Previous Name

12/05/2014

E2E INFOTECH LIMITED

 

Statistics

Group

2 companies

Linkages

26 companies

Countries

In 10 countries

 

Summary

Holding Company

-

Ownership Status

Wholly Owned

Ultimate Holding Company

CAMERONTEC INTRESSENTER AB

 

Group structure

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

CAMERONTEC INTRESSENTER AB

N/A

-

-

 

CAMERONTEC SERVICES LI...

03981436

31.03.2013

N

£2,531,517

 

Other Linked companies

Name

Number

Latest Key Financials

Turnover

AURIONPRO SOLUTIONS

 

31.03.2013

€87,647,874

AGILE SOLV LLC

 

-

 

AURIONPRO I ACQUISITION CORP

 

-

 

AURIONPRO II ACQUISITION CORP

 

-

 

AURIONPRO SCM INC

 

-

 

AURIONPRO SCM PTE.LTD

 

-

 

AURIONPRO SOLUTIONS (HK) LTD

 

-

 

AURIONPRO SOLUTIONS PLC (ERSTW

 

-

 

AURIONPRO SOLUTIONS PTE LTD

 

-

 

AURIONPRO SOLUTIONS PTY LTD

 

-

 

AURIONPRO SOLUTIONS PTY LTD

 

-

 

AURIONPRO SOLUTIONS, SPC BAHRA

 

-

 

AURIONRPO SOLUTIONS INC

 

-

 

AUROFIDEL OUTSOURCING LIMITED

 

-

 

AUROSCIENT OUTSOURCING LTD

 

-

 

COBAN CORPORATION, USA

 

-

 

E2E INFOTECH (INDIA) PVT.LTD

 

-

 

INTEGRO TECHNOLOGIES COMPANY L

 

-

 

INTEGRO TECHNOLOGIES PTE LTD

 

-

 

INTEGRO TECHNOLOGIES SDN. BHD

 

-

 

 

 

FINANCIAL INFORMATION

 

Key Financials

 

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

£2,531,517

-2.9%

£2,608,387

-1.2%

£2,641,109

39.6%

£1,891,775

-8.5%

£2,067,344

Export

£2,145,615

.3%

£2,418,748

1%

£2,395,887

61.6%

£1,482,388

61.2%

£919,587

Cost of Sales

£2,193,521

13.5%

£1,933,152

-10%

£2,147,006

57.1%

£1,366,327

-16.5%

£1,636,226

Gross Profit

£337,996

-49.9%

£675,235

36.7%

£494,103

-6%

£525,448

21.9%

£431,118

Wages & Salaries

£877,185

51.3%

£579,905

-35.7%

£902,268

60.3%

£562,815

-11%

£632,206

Directors Emoluments

£179,642

7.1%

£167,735

13.2%

£148,221

-7.2%

£159,726

-16.7%

£191,718

Operating Profit

-£84,937

-235%

£62,900

396.6%

£12,667

-91.1%

£142,791

-25.1%

£190,740

Depreciation

£3,685

16.4%

£3,166

92.7%

£1,643

4.5%

£1,572

-52.3%

£3,299

Audit Fees

£5,000

-3.8%

£5,200

4%

£5,000

24.4%

£4,020

4.4%

£3,850

Interest Payments

-

-

-

-100%

 

-

-

-100%

£6,267

Pre Tax Profit

-£84,865

-234.6%

£63,066

397.7%

£12,671

-91.2%

£143,999

-25.3%

£192,880

Taxation

-

100%

-£17,339

-255.3%

-£4,880

88%

-£40,683

29.4%

-£57,601

Profit After Tax

-£84,865

-285.6%

£45,727

486.9%

£7,791

-92.5%

£103,316

-23.6%

£135,279

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-£84,865

-285.6%

£45,727

486.9%

£7,791

-92.5%

£103,316

-23.6%

£135,279

 

Balance Sheet

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Tangible Assets

£2,730

-57.4%

£6,415

25.1%

£5,126

-78.5%

£23,805

999.9%

£1,270

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£2,730

-57.4%

£6,415

25.1%

£5,126

-78.5%

£23,805

999.9%

£1,270

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

£360,188

-1.4%

£365,181

-34.7%

£559,499

34.3%

£416,646

30%

£320,499

Cash

£280,986

-19.3%

£348,330

-31.3%

£507,122

16.5%

£435,140

-20.2%

£545,066

Other Debtors

£882,074

-11.5%

£997,139

161.1%

£381,846

-4.7%

£400,850

31.8%

£304,116

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,523,248

-11%

£1,710,650

18.1%

£1,448,467

15.6%

£1,252,636

7.1%

£1,169,681

Trade Creditors

£16,128

-69.9%

£53,607

396.1%

£10,805

18.7%

£9,101

20.7%

£7,538

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

£409,835

-9.5%

£452,865

196.4%

£152,802

106%

£74,182

-

0

Miscellaneous Current Liabilities

£349,250

-6.9%

£374,963

-25%

£500,083

21.7%

£411,046

-15.2%

£484,617

Total Current Liabilities

£775,213

-12.1%

£881,435

32.8%

£663,690

34.3%

£494,329

0.4%

£492,155

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

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

£10,000

-

£10,000

-

£10,000

-

£10,000

-

£10,000

P & L Account Reserve

£547,565

-13.4%

£632,430

7.8%

£586,703

1.3%

£578,912

21.7%

£475,596

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£193,200

-

£193,200

-

£193,200

-

£193,200

-

£193,200

Shareholder Funds

£750,765

-10.2%

£835,630

5.8%

£789,903

1%

£782,112

15.2%

£678,796

 

Other Financial Items

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Net Worth

£750,765

-10.2%

£835,630

5.8%

£789,903

1%

£782,112

15.2%

£678,796

Working Capital

£748,035

-9.8%

£829,215

5.7%

£784,777

3.5%

£758,307

11.9%

£677,526

Total Assets

£1,525,978

-11.1%

£1,717,065

18.1%

£1,453,593

13.9%

£1,276,441

9%

£1,170,951

Total Liabilities

£775,213

-12.1%

£881,435

32.8%

£663,690

34.3%

£494,329

0.4%

£492,155

Net Assets

£750,765

-10.2%

£835,630

5.8%

£789,903

1%

£782,112

15.2%

£678,796

 

Cash Flow

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Ratios

Date Of Accounts

31/03/13

31/03/12

31/03/11

31/03/10

31/03/09

Pre-tax profit margin %

-3.35

2.42

0.48

7.61

9.33

Current ratio

1.96

1.94

2.18

2.53

2.38

Sales/Net Working Capital

3.38

3.15

3.37

2.49

3.05

Gearing %

0

0

0

0

0

Equity in %

49.20

48.70

54.30

61.30

58

Creditor Days

2.31

7.48

1.48

1.75

1.32

Debtor Days

51.79

50.96

77.11

80.16

56.43

Liquidity/Acid Test

1.96

1.94

2.18

2.53

2.37

Return On Capital Employed %

-11.30

7.54

1.60

18.41

28.41

Return On Total Assets Employed %

-5.56

3.67

0.87

11.28

16.47

Current Debt Ratio

1.03

1.05

0.84

0.63

0.72

Total Debt Ratio

1.03

1.05

0.84

0.63

0.72

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-11.30

7.54

1.60

18.41

28.41

 

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

Number of Employees

7

-30%

10

-

-

-

-

-

-

Auditors

HARMER SLATER LIMITED

Auditor Comments

The audit report contains no adverse comments

Bankers

 

Bank Branch Code

 

 

 

 

 

 

 

 

 

 

Capital Employed

£750,765

-10.2%

£835,630

5.8%

£789,903

1%

£782,112

15.2%

£678,796

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Enquiries Trend

There have been 7 enquiries in the last 12 months.

There are an average of 1 reports taken each month.

 

 

Show more

 

Status History

 

No Status History found

 

 

NOTES & COMMENTS

 

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 12.5% in comparison to the previously suggested credit limit.

 

Sales in the latest trading period decreased 2.9% on the previous trading period.

 

Net Worth decreased by 10.2% during the latest trading period.

 

 

A 11.1% decline in Total Assets occurred during the latest trading period.

 

Pre-tax profits decreased by 234.6% compared to the previous trading period.

 

The company saw a decrease in their Cash Balance of 19.3% 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 has changed its registered name recently.

 

The company was established over 14 years ago.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.10

UK Pound

1

Rs.102.04

Euro

1

Rs.80.74

                

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

SDA

               

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.