MIRA INFORM REPORT
|
Report Date : |
10.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
TINIUS OLSEN LIMITED |
|
|
|
|
Formerly Known as : |
HOUNSFIELD TEST EQUIPMENT LIMITED |
|
|
|
|
Registered Office : |
6 Perrywood Business Park, Honeycrock Lane, Salfords, Redhill, Rh1 5dz |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
31.12.1970 |
|
|
|
|
Com. Reg. No.: |
00998521 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
A Group engaged as a producers of load test equipment |
|
|
|
|
No of Employees : |
58 (31.12.2012) |
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 : |
Slow But Correct |
|
|
|
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
United kingdom |
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 |
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
summary
COMPANY NAME TINIUS OLSEN LIMITED
Company No: 00998521
Registered Address 6 PERRYWOOD BUSINESS PARK
HONEYCROCK LANE , SALFORDS
REDHILL
RH1 5DZ
Trading Address Unit 5-6
Perrywood Business Park
Honeycrock Lane, Salfords
Redhill, Surrey
RH1 5DZ
Website Address http://www.tiniusolsen.com
Telephone Number 01737765001
Fax Number --
TPS No
FPS No
Incorporation Date 31/12/1970
Previous Name HOUNSFIELD TEST EQUIPMENT LIMITED
Type Private limited with Share Capital
FTSE Index -
Date of Change 05/01/2004
Filing Date of Accounts 10/05/2013
Currency GBP
Share Capital £18,000
SIC07 28990
SIC07 Description MANUFACTURE OF OTHER SPECIAL-PURPOSE MACHINERY N.E.C.
Principal Activity A group engaged as a producers of load test equipment.
Commentary
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period decreased 19.5% on the previous
trading period. |
|
Net Worth increased by 9.3% during the latest trading period. |
|
A 1.4% decline in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits decreased by 39.8% compared to the previous trading
period. |
|
The company saw an increase in their Cash Balance of 1% 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 43 years ago. |
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 - |
- |
|
Total Current Directors |
5 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
12 |
Current
Directors
|
Name |
Date of Birth |
27/02/1954 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
11/09/2000 |
||
|
Address |
6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill,
Surrey, RH1 5DZ |
||
|
Name |
Date of Birth |
14/05/1965 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
19/01/1998 |
||
|
Address |
6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill,
Surrey, RH1 5DZ |
||
|
Name |
Date of Birth |
30/12/1965 |
|
|
Officers Title |
Mr |
Nationality |
American |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
21/01/2002 |
||
|
Address |
6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill,
Surrey, RH1 5DZ |
||
|
Name |
Date of Birth |
07/10/1971 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/07/2008 |
||
|
Address |
6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill,
Surrey, RH1 5DZ |
||
|
Name |
Date of Birth |
11/02/1967 |
|
|
Officers Title |
Mr |
Nationality |
American |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
31/03/2013 |
||
|
Address |
6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill,
Surrey, RH1 5DZ |
||
Current Company Secretary
|
Name |
Date of Birth |
27/02/1954 |
|
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Company Secretary |
|
Appointment Date |
02/01/1992 |
||
|
Address |
6 Perrywood Business Park, Honeycrock Lane , Salfords, Redhill,
Surrey, RH1 5DZ |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
TINIUS OLSEN INTERNATIONAL CO. |
GBP |
17,999 |
ORDINARY |
1 |
99.99 |
|
TINIUS OLSEN TESTING MACHINE CO. INC. |
GBP |
1 |
ORDINARY |
1 |
0.01 |
Profit
& Loss
|
Date
Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
N |
(%) |
N |
|
Turnover |
£5,993,598 |
-19.5% |
£7,442,158 |
30.7% |
£5,692,780 |
20.6% |
£4,721,126 |
-36.2% |
£7,402,539 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost
of Sales |
£2,234,499 |
-37.9% |
£3,596,012 |
33.9% |
£2,686,568 |
27.3% |
£2,111,243 |
-44.1% |
£3,779,466 |
|
Gross
Profit |
£3,759,099 |
-2.3% |
£3,846,146 |
27.9% |
£3,006,212 |
15.2% |
£2,609,883 |
-28% |
£3,623,073 |
|
Wages
& Salaries |
£2,819,617 |
10% |
£2,563,841 |
20.6% |
£2,125,594 |
4.7% |
£2,030,855 |
-28.9% |
£2,854,682 |
|
Directors
Emoluments |
£484,587 |
-8.9% |
£532,185 |
16% |
£458,742 |
-5.8% |
£486,877 |
-1.7% |
£495,291 |
|
Operating
Profit |
£352,283 |
-36.1% |
£550,942 |
-1.2% |
£557,763 |
287% |
-£298,338 |
-29.2% |
-£230,994 |
|
Depreciation |
£164,533 |
50.7% |
£109,150 |
9.6% |
£99,597 |
-30.1% |
£142,524 |
-7.7% |
£154,484 |
|
Audit
Fees |
£42,417 |
5.3% |
£40,286 |
26.1% |
£31,950 |
3.2% |
£30,950 |
14.8% |
£26,950 |
|
Interest
Payments |
£67,033 |
-6.8% |
£71,919 |
-15.5% |
£85,115 |
0% |
£85,123 |
-14.9% |
£99,996 |
|
Pre
Tax Profit |
£291,293 |
-39.8% |
£483,585 |
1.6% |
£475,812 |
225.3% |
-£379,884 |
-19.4% |
-£318,240 |
|
Taxation |
-£59,246 |
66.7% |
-£177,779 |
-521.8% |
£42,146 |
- |
- |
-100% |
£69,241 |
|
Profit
After Tax |
£232,047 |
-24.1% |
£305,806 |
-41% |
£517,958 |
236.3% |
-£379,884 |
-52.6% |
-£248,999 |
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
£232,047 |
-24.1% |
£305,806 |
-41% |
£517,958 |
236.3% |
-£379,884 |
-52.6% |
-£248,999 |
Balance
Sheet
|
Date
Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Tangible
Assets |
£2,470,580 |
1.8% |
£2,425,986 |
-0.4% |
£2,435,252 |
-4.3% |
£2,545,617 |
-4.2% |
£2,658,379 |
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Fixed Assets |
£2,470,580 |
1.8% |
£2,425,986 |
-0.4% |
£2,435,252 |
-4.3% |
£2,545,617 |
-4.2% |
£2,658,379 |
|
Stock |
£1,124,145 |
24.2% |
£905,019 |
-20.5% |
£1,137,876 |
-4.1% |
£1,186,513 |
-26.3% |
£1,609,035 |
|
Trade
Debtors |
£740,969 |
-27.2% |
£1,017,590 |
21% |
£841,276 |
-17.3% |
£1,017,788 |
2.7% |
£990,926 |
|
Cash |
£1,323,596 |
1% |
£1,309,935 |
46.3% |
£895,550 |
78% |
£503,234 |
-18% |
£613,917 |
|
Other
Debtors |
£549,075 |
-13.5% |
£635,109 |
8.9% |
£582,968 |
394.4% |
£117,911 |
-50.7% |
£239,272 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£3,737,785 |
-3.4% |
£3,867,653 |
11.9% |
£3,457,670 |
22.4% |
£2,825,446 |
-18.2% |
£3,453,150 |
|
Trade
Creditors |
£444,095 |
-14.1% |
£517,008 |
-28.1% |
£718,567 |
10.5% |
£650,011 |
-31.2% |
£945,218 |
|
Bank
Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
Short Term Finance |
£210,037 |
-29.1% |
£296,149 |
64.1% |
£180,503 |
4.8% |
£172,224 |
5% |
£164,091 |
|
Miscellaneous
Current Liabilities |
£651,605 |
-19.2% |
£806,151 |
48% |
£544,879 |
23.6% |
£440,774 |
1.2% |
£435,578 |
|
Total
Current Liabilities |
£1,305,737 |
-19.4% |
£1,619,308 |
12.1% |
£1,443,949 |
14.3% |
£1,263,009 |
-18.2% |
£1,544,887 |
|
Bank
Loans & Overdrafts and LTL |
£1,120,796 |
-7.7% |
£1,213,716 |
-12.2% |
£1,382,232 |
-10.9% |
£1,550,830 |
-6.7% |
£1,662,153 |
|
Other
Long Term Finance |
£1,120,796 |
-7.7% |
£1,213,716 |
-12.2% |
£1,382,223 |
-10.9% |
£1,550,830 |
-6.7% |
£1,662,153 |
|
Total
Long Term Liabilities |
£1,120,796 |
-7.7% |
£1,213,716 |
-12.2% |
£1,382,232 |
-10.9% |
£1,550,830 |
-6.7% |
£1,662,153 |
.
Capital
& Reserves
|
Date
Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Called
Up Share Capital |
£18,000 |
- |
£18,000 |
- |
£18,000 |
- |
£18,000 |
- |
£18,000 |
|
P
& L Account Reserve |
£3,173,213 |
11.3% |
£2,851,996 |
16% |
£2,458,122 |
26.1% |
£1,948,605 |
-16.3% |
£2,328,489 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry
Reserves |
£590,619 |
- |
£590,619 |
- |
£590,619 |
- |
£590,619 |
5.8% |
£558,000 |
|
Shareholder
Funds |
£3,781,832 |
9.3% |
£3,460,615 |
12.8% |
£3,066,741 |
19.9% |
£2,557,224 |
-12% |
£2,904,489 |
Other
Financial Items
|
Date
Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Net
Worth |
£3,781,832 |
9.3% |
£3,460,615 |
12.8% |
£3,066,741 |
19.9% |
£2,557,224 |
-12% |
£2,904,489 |
|
Working
Capital |
£2,432,048 |
8.2% |
£2,248,345 |
11.7% |
£2,013,721 |
28.9% |
£1,562,437 |
-18.1% |
£1,908,263 |
|
Total
Assets |
£6,208,365 |
-1.4% |
£6,293,639 |
6.8% |
£5,892,922 |
9.7% |
£5,371,063 |
-12.1% |
£6,111,529 |
|
Total
Liabilities |
£2,426,533 |
-14.3% |
£2,833,024 |
0.2% |
£2,826,181 |
0.4% |
£2,813,839 |
-12.3% |
£3,207,040 |
|
Net
Assets |
£3,781,832 |
9.3% |
£3,460,615 |
12.8% |
£3,066,741 |
19.9% |
£2,557,224 |
-12% |
£2,904,489 |
Cash
Flow
|
Date
Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Net
Cashflow from Operations |
£512,943 |
-13.2% |
£590,688 |
-10% |
£656,446 |
822% |
£71,196 |
-81.7% |
£388,002 |
|
Net
Cashflow before Financing |
£192,693 |
114.6% |
£89,796 |
-50.8% |
£182,644 |
633.9% |
£24,888 |
153.7% |
-£46,326 |
|
Net
Cashflow from Financing |
-£179,032 |
-238.7% |
-£52,861 |
67% |
-£160,328 |
-127.2% |
-£70,571 |
31.6% |
-£103,134 |
|
Increase
in Cash |
£13,661 |
-63% |
£36,935 |
65.5% |
£22,316 |
148.8% |
-£45,683 |
69.4% |
-£149,460 |
Miscellaneous
|
Date
Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital
Employed |
£4,902,628 |
4.9% |
£4,674,331 |
5.1% |
£4,448,973 |
8.3% |
£4,108,054 |
-10% |
£4,566,642 |
|
Number
of Employees |
58 |
5.5% |
55 |
10% |
50 |
-9.1% |
55 |
-19.1% |
68 |
|
Auditors |
BDO
LLP |
|
Auditor
Comments |
The
audit report contains no adverse comments |
|
Bankers |
NATIONAL
WESTMINSTER BANK PLC |
Ratios
|
Date Of Accounts |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
|
Pre-tax profit margin % |
4.86 |
6.50 |
8.36 |
-8.05 |
-4.30 |
|
Current ratio |
2.86 |
2.39 |
2.39 |
2.24 |
2.24 |
|
Sales/Net Working Capital |
2.46 |
3.31 |
2.83 |
3.02 |
3.88 |
|
Gearing % |
29.60 |
35.10 |
45.10 |
60.60 |
57.20 |
|
Equity in % |
60.90 |
55 |
52 |
47.60 |
47.50 |
|
Creditor Days |
26.97 |
25.28 |
45.94 |
50.11 |
46.47 |
|
Debtor Days |
45 |
49.77 |
53.79 |
78.47 |
48.72 |
|
Liquidity/Acid Test |
2 |
1.82 |
1.60 |
1.29 |
1.19 |
|
Return On Capital Employed % |
5.94 |
10.34 |
10.69 |
-9.24 |
-6.96 |
|
Return On Total Assets Employed % |
4.69 |
7.68 |
8.07 |
-7.07 |
-5.20 |
|
Current Debt Ratio |
0.34 |
0.46 |
0.47 |
0.49 |
0.53 |
|
Total Debt Ratio |
0.64 |
0.81 |
0.92 |
1.10 |
1.10 |
|
Stock Turnover Ratio % |
18.75 |
12.16 |
19.98 |
25.13 |
21.73 |
|
Return on Net Assets Employed % |
7.70 |
13.97 |
15.51 |
-14.85 |
-10.95 |
Status
History
No Status History found
Event History
|
Date |
Description |
|
07/04/2014 |
Mr J.C. Ivory has left the board |
|
05/10/2013 |
Annual Returns |
|
24/05/2013 |
New Accounts Filed |
|
24/05/2013 |
New Accounts Filed |
|
17/04/2013 |
New Board Member Mr M.S. Helton appointed |
|
11/04/2013 |
Mr J.P. Loftus has left the board |
|
28/09/2012 |
Annual Returns |
|
25/09/2012 |
New Accounts Filed |
|
25/09/2012 |
New Accounts Filed |
|
30/09/2011 |
Annual Returns |
|
28/09/2011 |
New Accounts Filed |
|
28/09/2011 |
New Accounts Filed |
|
30/09/2010 |
New Accounts Filed |
|
30/09/2010 |
New Accounts Filed |
|
29/09/2010 |
Annual Returns |
Previous Company Names
|
Date |
Previous Name |
|
05/01/2004 |
HOUNSFIELD TEST EQUIPMENT LIMITED |
|
18/02/1985 |
MORLAND ENGINEERING LIMITED |
Statistics
|
Group |
2 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding
Company |
TINIUS OLSEN INTERNATIONAL CO |
Group
structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
|
N/A |
- |
- |
|
|
|
00998521 |
31.12.2012 |
Y |
£5,993,598 |
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: |
CHARGE |
||
|
Date Charge Created: |
30/09/92 |
||
|
Date Charge Registered: |
09/10/92 |
||
|
Date Charge Satisfied: |
20/01/96 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
N M ROTHSCHILD & SONS LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEEUNDER
THE TERMS OF THE FACILITY LETTER DATED 17TH SEPTEMBER 1992 AND/OR THIS CHARGE |
||
|
Details: |
LAND AND BUILDINGS K/A UNIT 5, PERRYWOOD PARK, HONEYCROCK
LANE,SALFORDS, SURREY, PART OF T/NO. SY594311 FIXED AND FLOATING CHARGES OVER
THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING
GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND
MACHINERY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
29/06/90 |
||
|
Date Charge Registered: |
06/07/90 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
TINIUS OLSEN INTERNATIONAL CO. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF THE PROMISSORY NOTE AND ON ANY ACCOUNT WHATSOEVER UNDER THE
TERMS OF THE CHARGE |
||
|
Details: |
F/H PROPERTY AT UNIT 68 PERRYWOOD BUSINESS PARK, HONEYCROCK LANE
SALFORDS, SURREY TOGETHER WITH ALLBUILDINGS & FIXTURES THEREON. |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
11/05/84 |
||
|
Date Charge Registered: |
21/05/84 |
||
|
Date Charge Satisfied: |
07/02/01 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
A SPECIFIC EQUITABLE CHARGE OVER ALL F/H & L/H PROPERTIES AND/OR
THE PROCEEDS OF SALE THEREOF. FIXEDAND FLOATING CHARGE OVER. UNDERTAKING AND
ALL PROPERTY ANDASSETS PRESENT AND FUTURE INCLUDING GOODWILL & BOOK DEBTS |
||
Previous
Director
/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
3 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
3 |
|
Average Invoice
Value |
£374.30 |
|
Invoices
available |
413 |
|
Paid |
380 |
|
Outstanding |
33 |
|
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 |
99 |
265 |
16 |
0 |
0 |
|
Outstanding |
26 |
6 |
0 |
0 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.06 |
|
UK Pound |
1 |
Rs.99.35 |
|
Euro |
1 |
Rs.80.62 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.