MIRA
INFORM REPORT
|
Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
BUHLER SORTEX LIMITED |
|
|
|
|
Registered Office : |
20 Atlantis Avenue, London, E16 2BF |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
01.05.1947 |
|
|
|
|
Com. Reg. No.: |
00434274 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of Other Special-Purpose Machinery |
|
|
|
|
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 – 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 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately 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 Name
BUHLER SORTEX LIMITED
Company Number
00434274
Registered Address
20 ATLANTIS AVENUE
LONDON
E16 2BF
Trading Address
Sortex Ltd
20 Atlantis Avenue
London
E16 2BF
Website Address http://www.buhlergroup.com
Telephone Number 02070557777
Fax Number -
TPS No
FPS No
Incorporation Date 01/05/1947
Previous Name SORTEX
LIMITED
Type Private limited with
Share Capital
FTSE Index -
Date of Change 09/07/2007
Filing Date of Accounts 18/07/2013
Currency GBP
Share Capital £1,250,000
SIC07 28990
SIC07 Description MANUFACTURE
OF OTHER SPECIAL-PURPOSE MACHINERY N.E.C.
Principal Activity The manufacture and distribution of
electronic colour sorters and vision systems, and manufacture and installation
of cleaning and sorting machinery, mainly for the food and agriculture
industries.
Commentary
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period decreased 3.6% on the previous
trading period. |
|
Net Worth decreased by 5.2% during the latest trading period. |
|
A 6.7% decline in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits decreased by 11.6% compared to the previous trading
period. |
|
The company saw an increase in their Cash Balance of 22.1% 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 67 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 - |
- |
|
otal Current Directors |
8 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
25 |
Current Directors
|
Name |
Date
of Birth |
20/01/1961 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment
Date |
06/11/1998 |
||
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
Other
Actions |
|
|
|
|
Name |
Date
of Birth |
05/12/1961 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
25/09/2000 |
||
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
Other
Actions |
|
|
|
|
Name |
Date
of Birth |
06/10/1956 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
18/07/2003 |
||
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
Other
Actions |
|
|
|
|
Name |
Date
of Birth |
20/11/1954 |
|
|
Officers
Title |
Mr |
Nationality |
Swiss |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/01/2004 |
||
|
Address |
Bachtelstrasse 11, Schaffhausen, 8200 |
||
|
Other
Actions |
|
|
|
|
Name |
Date
of Birth |
15/09/1958 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
01/08/2005 |
||
|
Address |
The Old Rectory, Church Road, Ardley, Oxfordshire, OX27
7NP |
||
|
Other
Actions |
|
|
|
|
Name |
Date
of Birth |
13/05/1975 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
18/04/2011 |
||
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
Other
Actions |
|
|
|
|
Name |
Date
of Birth |
10/07/1964 |
|
|
Officers
Title |
Mr |
Nationality |
Swiss |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
14/01/2013 |
||
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
Other
Actions |
|
|
|
|
Name |
Date
of Birth |
06/08/1959 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/01/2014 |
||
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
|
Other Actions |
|
|
|
Current Company Secretary
|
Name |
Date
of Birth |
20/01/1961 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
4 |
Function |
Company Secretary |
|
Appointment Date |
31/03/1998 |
||
|
Address |
20 Atlantis Avenue, London, E16 2BF |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
|
BUHLER UK HOLDINGS LTD |
GBP |
1,250,000 |
ORDINARY |
1 |
100 |
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 |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£71,619,562 |
-3.6% |
£74,318,042 |
-12.2% |
£84,610,842 |
33.4% |
£63,405,604 |
37.7% |
£46,057,843 |
|
|
Export |
£70,839,114 |
-3% |
£73,042,505 |
-12.9% |
£83,903,401 |
33.8% |
£62,685,328 |
38.3% |
£45,316,800 |
|
|
Cost of Sales |
£47,517,164 |
0.9% |
£47,115,484 |
-9.3% |
£51,942,686 |
27% |
£40,914,191 |
24.5% |
£32,863,678 |
|
|
Gross Profit |
£24,102,398 |
-11.4% |
£27,202,558 |
-16.7% |
£32,668,156 |
45.2% |
£22,491,413 |
70.5% |
£13,194,165 |
|
|
Wages & Salaries |
£8,729,386 |
-2% |
£8,908,871 |
6.3% |
£8,382,461 |
11.9% |
£7,489,064 |
7.7% |
£6,952,481 |
|
|
Directors Emoluments |
£688,078 |
-39.9% |
£1,145,667 |
-8.6% |
£1,252,876 |
17.8% |
£1,063,450 |
2.9% |
£1,033,483 |
|
|
Operating Profit |
£17,442,402 |
-11.7% |
£19,752,187 |
-22% |
£25,320,841 |
60% |
£15,821,879 |
77.7% |
£8,903,106 |
|
|
Depreciation |
£398,146 |
-46.4% |
£742,715 |
1.2% |
£734,027 |
10.4% |
£664,900 |
-3.6% |
£690,063 |
|
|
Audit Fees |
£47,500 |
- |
£47,500 |
-2.1% |
£48,500 |
17.4% |
£41,300 |
8.7% |
£38,000 |
|
|
Interest Payments |
£142,096 |
121.5% |
£64,165 |
999.9% |
£4,712 |
-95.5% |
£105,880 |
-80.5% |
£542,911 |
|
|
Pre Tax Profit |
£17,445,848 |
-11.6% |
£19,736,004 |
-22% |
£25,318,002 |
60.4% |
£15,788,727 |
87.5% |
£8,420,449 |
|
|
Taxation |
-£4,075,749 |
19% |
-£5,032,904 |
29.2% |
-£7,110,284 |
-56.6% |
-£4,540,782 |
-77.4% |
-£2,559,017 |
|
|
Profit After Tax |
£13,370,099 |
-9.1% |
£14,703,100 |
-19.2% |
£18,207,718 |
61.9% |
£11,247,945 |
91.9% |
£5,861,432 |
|
|
Dividends Payable |
£15,000,000 |
-6.3% |
£16,000,000 |
45.5% |
£11,000,000 |
57.1% |
£7,000,000 |
180% |
£2,500,000 |
|
|
Retained Profit |
-£1,629,901 |
-25.7% |
-£1,296,900 |
-118% |
£7,207,718 |
69.7% |
£4,247,945 |
26.4% |
£3,361,432 |
Balance Sheet
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
|
Tangible Assets |
£664,934 |
-8.8% |
£729,209 |
-94.3% |
£12,683,578 |
-2.6% |
£13,018,943 |
-1.3% |
£13,192,933 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£664,934 |
-8.8% |
£729,209 |
-94.3% |
£12,683,578 |
-2.6% |
£13,018,943 |
-1.3% |
£13,192,933 |
|
|
Stock |
£5,838,711 |
-1% |
£5,896,572 |
-12.4% |
£6,733,692 |
22.2% |
£5,509,358 |
6.1% |
£5,194,320 |
|
|
Trade Debtors |
£15,888,564 |
-14.6% |
£18,603,160 |
13.1% |
£16,445,084 |
18.8% |
£13,836,843 |
467.6% |
£2,437,967 |
|
|
Cash |
£8,512,418 |
22.1% |
£6,968,862 |
-52.7% |
£14,741,438 |
47.7% |
£9,982,022 |
-0.9% |
£10,077,180 |
|
|
Other Debtors |
£10,631,252 |
-13.6% |
£12,309,785 |
114.6% |
£5,736,582 |
-11.7% |
£6,493,497 |
16.5% |
£5,574,079 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£40,870,945 |
-6.6% |
£43,778,379 |
0.3% |
£43,656,796 |
21.9% |
£35,821,720 |
53.8% |
£23,283,546 |
|
|
Trade Creditors |
£2,213,734 |
85.5% |
£1,193,468 |
-67.3% |
£3,655,085 |
18.9% |
£3,074,965 |
27.3% |
£2,416,330 |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
£1,785,935 |
124.6% |
£795,204 |
50.1% |
£529,735 |
-50.6% |
£1,072,275 |
30.5% |
£821,911 |
|
|
Miscellaneous Current Liabilities |
£9,133,490 |
-23.7% |
£11,969,436 |
-17.2% |
£14,458,670 |
6.5% |
£13,577,943 |
82.7% |
£7,430,413 |
|
|
Total Current Liabilities |
£13,133,159 |
-5.9% |
£13,958,108 |
-25.1% |
£18,643,490 |
5.2% |
£17,725,183 |
66.1% |
£10,668,654 |
|
|
Bank Loans & Overdrafts and LTL |
£2,173,198 |
-24.9% |
£2,893,557 |
-65.5% |
£8,385,161 |
-8.2% |
£9,136,750 |
23.8% |
£7,382,960 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£2,173,198 |
-24.9% |
£2,893,557 |
-65.5% |
£8,385,161 |
-8.2% |
£9,136,750 |
23.8% |
£7,382,960 |
.
Capital & Reserves
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
|
Called Up Share Capital |
£1,250,000 |
- |
£1,250,000 |
- |
£1,250,000 |
- |
£1,250,000 |
- |
£1,250,000 |
|
|
P & L Account Reserve |
£24,979,522 |
-5.4% |
£26,405,923 |
-5.9% |
£28,061,723 |
35.4% |
£20,728,730 |
20.7% |
£17,174,865 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£26,229,522 |
-5.2% |
£27,655,923 |
-5.6% |
£29,311,723 |
33.4% |
£21,978,730 |
19.3% |
£18,424,865 |
Other Financial Items
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
|
Net Worth |
£26,229,522 |
-5.2% |
£27,655,923 |
-5.6% |
£29,311,723 |
33.4% |
£21,978,730 |
19.3% |
£18,424,865 |
|
|
Working Capital |
£27,737,786 |
-7% |
£29,820,271 |
19.2% |
£25,013,306 |
38.2% |
£18,096,537 |
43.5% |
£12,614,892 |
|
|
Total Assets |
£41,535,879 |
-6.7% |
£44,507,588 |
-21% |
£56,340,374 |
15.4% |
£48,840,663 |
33.9% |
£36,476,479 |
|
|
Total Liabilities |
£15,306,357 |
-9.2% |
£16,851,665 |
-37.7% |
£27,028,651 |
0.6% |
£26,861,933 |
48.8% |
£18,051,614 |
|
|
Net Assets |
£26,229,522 |
-5.2% |
£27,655,923 |
-5.6% |
£29,311,723 |
33.4% |
£21,978,730 |
19.3% |
£18,424,865 |
Cash Flow
|
Date Of Accounts |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
|
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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 |
£28,402,720 |
-7% |
£30,549,480 |
-19% |
£37,696,884 |
21.2% |
£31,115,480 |
20.6% |
£25,807,825 |
|
|
Number of Employees |
220 |
-0.5% |
221 |
-1.3% |
224 |
16.1% |
193 |
10.9% |
174 |
|
Auditors |
BOURNER BULLOCK |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
||||||||||
|
Bank Branch Code |
||||||||||
Ratios
|
Date Of Accounts |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
|
|
|
Pre-tax profit margin % |
24.36 |
26.56 |
29.92 |
24.90 |
18.28 |
|
|
Current ratio |
3.11 |
3.14 |
2.34 |
2.02 |
2.18 |
|
|
Sales/Net Working Capital |
2.58 |
2.49 |
3.38 |
3.50 |
3.65 |
|
|
Gearing % |
8.30 |
10.50 |
28.60 |
41.60 |
40.10 |
|
|
Equity in % |
63.10 |
62.10 |
52 |
45 |
50.50 |
|
|
Creditor Days |
11.25 |
5.84 |
15.72 |
17.65 |
19.09 |
|
|
Debtor Days |
80.75 |
91.11 |
70.74 |
79.43 |
19.26 |
|
|
Liquidity/Acid Test |
2.66 |
2.71 |
1.98 |
1.71 |
1.69 |
|
|
Return On Capital Employed % |
61.42 |
64.60 |
67.16 |
50.74 |
32.62 |
|
|
Return On Total Assets Employed % |
42 |
44.34 |
44.93 |
32.32 |
23.08 |
|
|
Current Debt Ratio |
0.50 |
0.50 |
0.63 |
0.80 |
0.57 |
|
|
Total Debt Ratio |
0.58 |
0.60 |
0.92 |
1.22 |
0.97 |
|
|
Stock Turnover Ratio % |
8.15 |
7.93 |
7.95 |
8.68 |
11.27 |
|
|
Return on Net Assets Employed % |
66.51 |
71.36 |
86.37 |
71.83 |
45.70 |
Status History
|
No Status History found |
*Event History
|
Date |
Description |
|
17/05/2014 |
Annual Returns |
|
07/05/2014 |
New Board Member Mr N. Whittingham appointed |
|
08/11/2013 |
Mr G. Yates has left the board |
|
08/08/2013 |
Mr C.D. Chaffers has left the board |
|
27/07/2013 |
New Accounts Filed |
|
27/07/2013 |
New Accounts Filed |
|
15/05/2013 |
Annual Returns |
|
25/01/2013 |
New Board Member Mr M. Picalek appointed |
|
14/07/2012 |
New Accounts Filed |
|
14/07/2012 |
New Accounts Filed |
|
16/05/2012 |
Annual Returns |
|
21/12/2011 |
New Board Member Mr G. Yates appointed |
|
07/11/2011 |
Mr A. Hillary has left the board |
|
20/05/2011 |
Annual Returns |
|
18/05/2011 |
New Board Member Mr M.I. Kelly appointed |
Previous Company Names
|
Date |
Previous Name |
|
09/07/2007 |
SORTEX LIMITED |
|
31/10/1985 |
GUNSON'S SORTEX LIMITED |
Statistics
|
Group |
6 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
BUHLER UK HOLDINGS LIMITED |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
BUHLER HOLDINGS AG |
Other Linked companies
|
Number |
Latest
Key Financials |
||||
|
|
HRB 4602 |
31.12.2012 |
€1,200,000 |
€154,205,884 |
|
|
|
HRB 797 |
31.12.2012 |
€1,150,000 |
€153,275,000 |
|
|
|
MI282993 |
31.12.2012 |
€30,607,336 |
||
|
|
572010296 |
31.12.2012 |
€0 |
€31,175,000 |
|
|
|
HRB 739837 |
31.12.2012 |
€51,000 |
€24,977,617 |
|
|
|
5560732181 |
31.12.2010 |
- |
593 KSEK |
|
|
|
HRB 1394 |
31.12.2009 |
- |
€12,935,000 |
|
|
|
HRB 88608 |
31.12.2010 |
- |
€19,005,000 |
|
|
|
HRB 39596 |
31.12.2012 |
€185,000 |
€28,862,000 |
|
|
|
HRB 15104 |
31.12.2012 |
€25,000 |
||
|
|
06068355 |
31.12.2013 |
€220,000 |
||
|
|
HRB 6353 |
31.12.2012 |
€25,000 |
||
|
|
162812 |
- |
1,500,000 CHF |
||
|
|
272833 |
31.12.2012 |
€540,800 |
€64,351,306 |
|
|
|
2801 |
- |
60,000 CHF |
||
|
|
2802 |
- |
- |
||
|
|
541487 |
- |
1,500,000 CHF |
||
|
|
5630947 |
- |
30,000 CHF |
||
|
|
5760846 |
- |
45,000 CHF |
||
|
|
730851 |
- |
- |
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
27/01/99 |
||
|
Date Charge
Registered: |
28/01/99 |
||
|
Date Charge
Satisfied: |
22/12/04 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
GENERALE BANK NV - GENERALE DE BANQUE SA |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
PROPERTY K/A PUDDING MILL LANE T/NO: EGL164713 AND ALL BUILDINGS AND
FIXTURES (INCLUDING TRADE FIXTURES) FROM TIME TO TIME THEREON TOGETHER WITH
ALL PLANT MACHINERY FITTINGS COMPUTERS AND OFFICE AND OTHER EQUIPMENT FROM
TIME T OTIME ON THEPROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge
Created: |
12/12/80 |
||
|
Date Charge
Registered: |
19/12/80 |
||
|
Date Charge
Satisfied: |
19/12/80 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BROWN SHIPLEY & CO. LTD. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CPAITAL. TOGETHER
WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge
Created: |
12/12/80 |
||
|
Date Charge
Registered: |
19/12/80 |
||
|
Date Charge
Satisfied: |
19/12/80 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
HENRY ANSBACHEN AND COMPANY LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER
WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge
Created: |
12/12/80 |
||
|
Date Charge
Registered: |
19/12/80 |
||
|
Date Charge
Satisfied: |
19/12/80 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER
WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge
Created: |
12/12/80 |
||
|
Date Charge
Registered: |
19/12/80 |
||
|
Date Charge
Satisfied: |
19/12/80 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
HAMBROS BANK LTD. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER
WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge
Created: |
12/12/80 |
||
|
Date Charge
Registered: |
19/12/80 |
||
|
Date Charge
Satisfied: |
19/12/80 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER
WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge
Created: |
12/12/80 |
||
|
Date Charge
Registered: |
19/12/80 |
||
|
Date Charge
Satisfied: |
19/12/80 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
CLYDESDALE BANK LTD. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER
WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY |
||
Creditor Details
|
Total Number |
Total Value |
|||
|
Trade Creditors |
0 |
- |
||
|
No Creditor Data |
||||
Trade Debtors / Bad Debt Detail
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|||
|
Trade Debtors |
- |
- |
||
|
No Debtor Data |
||||
Previous Director/Company
Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
2 |
9 |
|
|
2 |
9 |
|
|
0 |
10 |
|
|
0 |
35 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
15 |
5 |
|
|
6 |
9 |
|
|
0 |
2 |
|
|
0 |
3 |
|
|
1 |
35 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
1 |
2 |
|
|
0 |
3 |
|
|
0 |
1 |
|
|
0 |
4 |
|
|
0 |
2 |
|
|
0 |
1 |
|
|
0 |
1 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
2 |
|
|
0 |
2 |
|
Average Invoice
Value |
£2091.43 |
|
Invoices
available |
68 |
|
Paid |
64 |
|
Outstanding |
4 |
|
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 |
13 |
29 |
18 |
2 |
2 |
|
Outstanding |
1 |
0 |
0 |
0 |
3 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.05 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.80.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.