|
Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
AZTEC (EUROPE)
LIMITED |
|
|
|
|
Formerly Known as : |
SALTIRE CONSULTANTS LIMITED |
|
|
|
|
Registered Office : |
Q9 Flemington Road, Queensway Industrial Estate, Glenrothes, Ky7 5qf |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
30.10.1998 |
|
|
|
|
Com. Reg. No.: |
SC190703 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacturer of other electrical equipment (We tried to confirm / obtain the detailed activity but the same is not available from any sources.) |
|
|
|
|
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 |
|
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
Name: AZTEC
(EUROPE) LIMITED
Company
No: SC190703
Registered Address Q9
FLEMINGTON ROAD
QUEENSWAY INDUSTRIAL
ESTATE
GLENROTHES
KY7 5QF
Trading Address Q9
Flemington Road
Queensway
Industrial Estate
Glenrothes
Fife
KY7
5QF
Website Address http://www.aztec-europe.co.uk
TPS - FPS No
Incorporation Date 30/10/1998
Previous Name SALTIRE
CONSULTANTS LIMITED
Type Private
limited with Share Capital
FTSE Index -
Date of Change 01/02/2005
Filing Date of Accounts 07/05/2014
Currency GBP
Share Capital £1,000
SIC07 27900
SIC07 Description MANUFACTURE OF OTHER ELECTRICAL EQUIPMENT
· 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 336.6% during the latest trading period.
A
32.2% 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 an increase in their Cash Balance of 72.1% 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
movement in accumulated earnings would indicate that the company made a profit
after tax and other appropriations, including dividends.
The
company was established over 15 years ago.
Total Number of Exact CCJs - 0
Total Number of Possible CCJs - 0
Total Number of Satisfied CCJs - 0
Total
Current Directors 2
Total
Current Secretaries 1
Total
Previous Directors / Company
Secretaries 4
Name Cyril Svozil
Date of Birth 20/07/1954
Officers Title Mr
Nationality Czech
Present Appointments 2
Function Director
Appointment Date 26/11/1998
Address Kalvadova 474,
Jesenik, 79001
Name George James
Graham
Date of Birth 01/09/1966
Officers Title Mr
Nationality British
Present Appointments 2
Function Director
Appointment Date 01/01/2011
Address Q9 Flemington
Road, Queensway Industrial Estate, Glenrothes, Fife, KY7 5QF
Name Alexander Thomas
Neilson
Date of Birth 06/06/1956
Officers Title Mr
Nationality British
Present Appointments 13
Function Company Secretary
Appointment Date 28/01/2005
Address 4 Dronachy Road,
Kirkcaldy, Fife, KY2 5QL
Name Currency Share Count Share
Type Nominal Value
FENIX HOLDING AS GBP 550 ORDINARY 1
FLEXEL INTERNATIONAL LTD GBP 450
ORDINARY 1
Name %
of Total Share Count
FENIX HOLDING AS 55
FLEXEL INTERNATIONAL LTD 45
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
31 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Operating
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£2,981 |
8.3% |
£2,752 |
2.6% |
£2,683 |
5.5% |
£2,544 |
80.8% |
£1,407 |
|
Date Of
Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Tangible Assets |
£36,451 |
7% |
€34,067 |
-5.9% |
36,214 |
-6.9% |
£38,897 |
2.1% |
£38,091 |
|
Intangible Assets |
£233,324 |
-10.1% |
€259,393 |
999.9% |
623 |
-5.7% |
£1,448 |
-33.1% |
£2,163 |
|
Total fixed assets |
£269,775 |
-8.1% |
€293,460 |
696.6% |
36837 |
-8.7% |
£40,345 |
0.2% |
£40,254 |
|
Stocks |
£95,575 |
50.2% |
€63,613 |
-34.1% |
96499 |
28.9% |
£74,865 |
-28.9% |
£105,318 |
|
Trade Debtors |
£177,390 |
99.9% |
€£88,750 |
-5.9% |
£94,361 |
-15.4% |
£111,558 |
23.8% |
£90,088 |
|
Cash |
£201,543 |
72.1% |
£117,131 |
626.6% |
£16,120 |
16.2% |
£13,872 |
999.9% |
£311 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£474,508 |
76.1% |
£269,494 |
30.2% |
£206,980 |
3.3% |
£200,295 |
2.3% |
£195,717 |
|
Trade Creditors |
£130,801 |
-39.9% |
£217,730 |
352.7% |
£48,101 |
-25% |
£64,118 |
-33.5% |
£96,445 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£130,801 |
-39.9% |
£217,730 |
352.7% |
£48,101 |
-25% |
£64,118 |
-33.5% |
£96,445 |
|
Bank Loans & Overdrafts and LTL |
£5,413 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£5,413 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Called Up Share Capital |
£1,000 |
80.2% |
£556 |
400% |
£111 |
- |
£111 |
- |
£111 |
|
P & L
Account, Reserve |
£337,969 |
68.9% |
£200,124 |
14% |
£175,616 |
12.3% |
£156,422 |
31% |
£119,426 |
|
Revaluation Reserve |
- |
- |
--- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£269,100 |
86.2% |
£144,545 |
623.1% |
£19,989 |
- |
£19,989 |
- |
£19,989 |
|
Shareholder Funds |
£608,069 |
76.1% |
£345,224 |
76.4% |
£195,716 |
10.9% |
£176,522 |
26.5% |
£139,526 |
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Net Worth |
£374,745 |
336.6% |
£85,831 |
-56% |
£195,093 |
11.4% |
£175,074 |
27.5% |
£137,363 |
|
Working Capital |
£343,707 |
564% |
£51,764 |
-67.4% |
£158,879 |
16.7% |
£136,177 |
37.2% |
£99,272 |
|
Total Assets |
£744,283 |
32.2% |
£562,954 |
130.9% |
£243,817 |
1.3% |
£240,640 |
2% |
£235,971 |
|
Total Liabilities |
£136,214 |
-37.4% |
£217,730 |
352.7% |
£48,101 |
-25% |
£64,118 |
-33.5% |
£96,445 |
|
Net Assets |
£608,069 |
76.1% |
£345,224 |
76.4% |
£195,716 |
10.9% |
£176,522 |
26.5% |
£139,526 |
Date
Of Accounts 31/12/13 (%) 31/12/12 (%) 31/12/11 (%) 31/12/10 (%) 31/12/09
Contingent Liability NO - NO
- NO - NO - NO
Capital Employed £613,482
77.7% £345,224 76.4% £195,716 10.9%
£176,522 26.5% £139,526
|
Auditors |
MAZARS
LLP |
|
|
|
|
Auditor
Comments |
The
audit report contains no adverse comments |
|
|
|
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/12/11
31/12/10 |
31/12/09 |
|
Pre-tax
profit margin % |
- |
- |
-- |
- |
|
Current
ratio |
3.63 |
1.24 |
4.30 3.12 |
2.03 |
|
Gearing
% |
0.90 |
0 |
00 |
0 |
|
Equity
in % |
119 |
113.70 |
80.50 73.80 |
59.70 |
|
Liquidity/Acid
Test |
2.89 |
0.94 |
2.29 1.95 |
0.93 |
|
Current
Debt Ratio |
0.21 |
0.63 |
0.24 0.36 |
0.69 |
|
Total
Debt Ratio |
0.22 |
0.63 |
0.24 0.36 |
0.69 |
No Status History found
|
Date |
Description |
|
|
14/05/2014 |
New Accounts Filed |
|
|
06/01/2014 |
Mr T.G. Graham has left the board |
|
|
02/11/2013 |
Annual Returns |
|
|
30/04/2013 |
New Accounts Filed |
|
|
03/11/2012 |
Annual Returns |
|
|
04/05/2012 |
New Accounts Filed |
|
|
07/11/2011 |
Annual Returns |
|
|
05/05/2011 |
New Accounts Filed |
|
|
07/02/2011 |
New Board Member Mr G.J. Graham
appointed |
|
|
30/10/2010 |
Annual Returns |
|
|
21/05/2010 |
New Accounts Filed |
|
|
21/12/2009 |
Annual Returns |
|
|
09/11/2009 |
Annual Returns |
|
|
06/11/2009 |
Change in Reg .Office |
|
|
06/11/2009 |
Change of Company Postcode |
|
Date Previous Name
01/02/2005 SALTIRE CONSULTANTS LIMITED
04/12/1998 SALTIRE NUMBER EIGHTY FOUR LIMITED
|
Group |
6 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Ownership Status |
Intermediately
Owned |
|
Ultimate Holding Company |
FENIX HOLDING
AS |
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
|
FENIX HOLDING
AS |
N/A |
- |
- |
|
AZTEC
(EUROPE) LIMITED |
SC190703 |
31.12.2013 |
N |
|
ULTRATHERM
LIMITED |
SC152569 |
31.12.2012 |
N |
|
FENIX GROUP
AS |
N/A |
- |
- |
|
FLEXEL
INTERNATIONAL... |
SC145068 |
31.12.2013 |
N |
|
FENIX TRADING
SRO |
N/A |
_ |
_ |
No CCJs found
There are no
possible CCJ details
No writs found
|
Mortgage
Type: |
Standard
Security |
|
|
Date Charge Created: |
29/07/05 |
|
|
Date Charge Registered: |
15/08/05 |
|
|
Status: |
OUTSTANDING |
|
|
Person(s)
Entitled: |
THE GOVERNOR
AND COMPANY OF THE BANK OF SCOTLAND |
|
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
|
|
Details: |
TENANTS
INTEREST IN A LEASE UNDER TITLENUMBER FFE27119 |
|
|
Mortgage
Type: |
FLOATING
CHARGE |
|
|
Date Charge Created: |
19/01/05 |
|
|
Date Charge Registered: |
22/01/05 |
|
|
Status: |
OUTSTANDING |
|
|
Person(s)
Entitled: |
THE GOVERNOR
AND COMPANY OF THE BANK OF SCOTLAND |
|
|
Amount
Secured: |
ALL SUMS DUE
OR TO BECOME DUE |
|
|
Details: |
UNDERTAKING
AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE OF THE COMPANY INCLUDING
UNCALLED CAPITAL |
|
|
Total
Number of Documented Trade
Total Value of Documented Trade
Trade Debtors 1
£1,038
Company Name Amount
Statement
Date
V Y S A L Limited £1,038 23/02/2012
Name Current
Directorships Previous
Directorships
Thomas Gilmour Graham 8
1
LYCIDAS SECRETARIES LIMITED
225 173
Thomas Duncan Young 3
46
T D YOUNG & CO 4
30
Average Invoice Value £198.58
Invoices available 2
Paid 2
Outstanding 0
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 1 0 1 0 0
Outstanding 0 0 0 0 0
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.84 |
|
UK Pound |
1 |
Rs.98.41 |
|
Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.