MIRA INFORM REPORT
|
Report Date : |
21.11.2014 |
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 : |
Manufacturing 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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
REGISTERED
NAME & COMPANY SUMMARY
Company Name: BUHLER SORTEX LIMITED
Company No: 00434274
Company Status: Active - Accounts Filed
Registered Address: 20 ATLANTIS AVENUE LONDON E16 2BF
company
summary
|
Company Name |
BUHLER SORTEX LIMITED |
Company Number |
00434274 |
|
Registered Address |
20 Atlantis Avenue London E16 2BF |
Trading Address |
20 Atlantis Avenue London E16 2BF |
|
Website Address |
www.buhlergroup.com |
||
|
Telephone Number |
02070557777 |
||
|
TPS |
No |
||
|
Incorporation Date |
01.05.1947 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
SORTEX LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
09.07.2007 |
Filing Date of Accounts |
18.07.2013 |
|
|
|
Share Capital |
£3 1,250,000 |
|
SIC03 |
28990 |
Currency |
GBP |
|
SIC03 Description |
Manufacturing of other special purpose machinery N.E.C |
||
|
SIC07 |
28990 |
||
|
SIC07 Description |
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. |
||
DIRECTORS/MANAGEMENT
|
Total Current
Directors |
8 |
|
Total Current
Secretaries |
1 |
|
Total Previous
Directors / Company Secretaries |
25 |
Current Directors
|
Name |
Nigel Howard
Wilson |
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 |
||
|
Name |
Charith
Abeysinghe Gunawardena |
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 |
||
|
Name |
Hamid Reza
Kefayati |
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 |
||
|
Name |
Bruno Mendler |
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 |
||
|
Name |
Nicholas John
Wilkins |
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 |
||
|
Name |
Matthew Ian
Kelly |
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 |
||
|
Name |
Michal Picalek |
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 |
||
|
Name |
Nigel Anthony
Whittingham |
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 |
||
Current Company Secretary
|
Name |
Nigel Howard
Wilson |
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 |
||
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Alan Thomas |
2 |
9 |
|
Alan Thomas |
2 |
9 |
|
Colin Leonard
Lee |
0 |
10 |
|
Joseph Antony
Haynes |
0 |
35 |
|
Brian John
Booth |
0 |
2 |
|
Brian John
Booth |
0 |
2 |
|
Martin
Connolly Kelly |
0 |
1 |
|
John Menzies
Low |
15 |
5 |
|
Alan Hillary |
6 |
9 |
|
Brian Graham
Cox |
0 |
2 |
|
Bruno Giacomo
Mario Kilshaw |
0 |
3 |
|
David John
Turner |
1 |
35 |
|
Beat Haeni |
0 |
2 |
|
Steven Simon
Henning |
0 |
1 |
|
Ronen Day |
1 |
2 |
|
Philipp Adrian
Muller |
0 |
3 |
|
Hans-Jakob
Schoch |
0 |
1 |
|
Arthur
Wettstein |
0 |
4 |
|
David Michael
Dymond |
0 |
2 |
|
Colin David
Chaffers |
0 |
1 |
|
Mark Jason
Honeywood |
0 |
1 |
|
Craig Edward
Briggs |
0 |
2 |
|
Christopher
David Gorner |
0 |
2 |
|
Christopher
David Gorner |
0 |
2 |
|
Gary Yates |
0 |
2 |
NEGATIVE
INFORMATION
Mortgage Summary
Total
Mortgage 7
Outstanding 0
Satisfied 7
CCJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
|
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 |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total
Share Count |
|
BUHLER UK
HOLDINGS LTD |
GBP |
1,250,000 |
ORDINARY |
1 |
100 |
PAYMENT
INFORMATION
Trade Debtors / Bad Debt Summary
· Total Number of Documented Trade 0
· Total Value of Documented Trade £0
Trade Payment Information
|
Average Invoice Value |
1599.90 |
|
Invoices available |
81 |
|
Paid |
72 |
|
Outstanding |
9 |
Trade Payment Data is information that we collect from selected
third party partners who send us information about their whole sales ledger.
|
Average Invoice Value |
£1599.90 |
|
Invoices available |
81 |
|
Paid |
72 |
|
Outstanding |
9 |
|
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 |
17 |
32 |
17 |
3 |
3 |
|
Outstanding |
1 |
2 |
0 |
1 |
5 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
8 companies |
|
Linkages |
73 companies |
|
Countries |
In 22
countries |
Summary
|
Holding
Company |
BUHLER UK
HOLDINGS LIMITED |
|
Ownership
Status |
Intermediately
Owned |
|
Ultimate
Holding Company |
BUHLER HOLDING
AG |
Group structure
|
Company Name |
Registered
Number |
Latest Key
Financials |
Consol.
Accounts |
Turnover |
|
BUHLER HOLDING AG |
N/A |
- |
- |
|
|
BUHLER UK HOLDINGS LIM... |
00683185 |
31.12.2012 |
Y |
£97,127,926 |
|
SORTEX LIMITED |
06251424 |
31.12.2012 |
N |
£742,815 |
|
BUHLER LIMITED |
02925744 |
31.12.2012 |
N |
£17,693,194 |
|
BUHLER SORTEX LIMITED |
00434274 |
31.12.2012 |
N |
£71,619,562 |
|
CONTROL DESIGN AND D... |
01579088 |
31.12.2013 |
N |
£9,036,134 |
|
LEYBOLD OPTICS GMBH |
HRB 8425 |
31.12.2012 |
N |
€128,356,139 |
|
LEYBOLD OPTICS UK LI... |
04023277 |
31.12.2012 |
N |
£3,839,948 |
FINANCIAL
INFORMATION
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 |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
Commentary
|
No exact match CCJs are recorded against
the company. |
|
|
The company saw an increase in
their Cash Balance of 22.1% during the latest trading period. |
|
|
The audit report contains no
adverse comments. |
|
|
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 has undergone recent
changes in its directorships. |
|
|
The company is part of a group. |
|
|
The company was established over
67 years ago. |
|
Enquiries Trend
|
There have been 116 enquiries in
the last 12 months. |
|
There are an average of 10
reports taken each month. |
|
|
3 MONTHS |
6 MONTHS |
9 MONTHS |
|
Enquiries |
14 |
44 |
72 |
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 |
A new
rating system was introduced on 24/08/2014.
|
27/07/2013 |
£700,000 |
|
|
|
14/07/2012 |
£600,000 |
|
|
|
12/04/2011 |
£1,200,000 |
|
|
|
25/08/2009 |
£800,000 |
|
|
|
15/05/2009 |
£275,000 |
|
|
|
20/02/2009 |
£700,000 |
|
|
|
09/12/2005 |
£750,000 |
|
|
Previous Company Names
|
Date |
Previous Name |
|
09/07/2007 |
SORTEX LIMITED |
|
31/10/1985 |
GUNSON'S SORTEX LIMITED |
Other Linked companies
|
Name |
|
Number |
Latest Key Financials |
Turnover |
|
BÜHLER GMBH |
|
HRB 4602 |
31.12.2012 |
€154,205,884 |
|
BÜHLER GMBH |
|
HRB 797 |
31.12.2012 |
€153,275,000 |
|
BUHLER S.P.A. |
|
MI282993 |
31.12.2013 |
€29,527,494 |
|
BUHLER SARL |
|
572010296 |
31.12.2013 |
€29,329,569 |
|
BÜHLER BARTH GMBH |
|
HRB 739837 |
31.12.2012 |
€24,977,617 |
|
BÜHLER AKTIEBOLAG |
|
5560732181 |
31.12.2010 |
593 KSEK |
|
RICHARD FRISSE GMBH |
|
HRB 1394 |
31.12.2009 |
€12,935,000 |
|
BÜHLER DRUCKGIESSYSTEME GMBH |
|
HRB 88608 |
31.12.2010 |
€19,005,000 |
|
LEYBOLD OPTICS VERWALTUNGS GMBH |
|
HRB 8457 |
31.12.2011 |
€1,833,552 |
|
BÜHLER GMBH |
|
HRB 39596 |
31.12.2012 |
€28,862,000 |
|
BÜHLER PARTEC GMBH |
|
HRB 15104 |
31.12.2012 |
|
|
LEYBOLD OPTICS DRESDEN GMBH |
|
HRB 19689 |
31.12.2012 |
€38,812,090 |
|
BÜHLER B.V. |
|
06068355 |
31.12.2013 |
|
|
BÜHLER DEUTSCHLAND GMBH |
|
HRB 6353 |
31.12.2012 |
|
|
BÜHLER AG |
|
162812 |
- |
|
|
BUHLER |
|
272833 |
31.12.2012 |
€64,351,306 |
|
BÜHLER + SCHERLER AG |
|
2801 |
- |
|
|
ASE-BÜHLER AG IN LIQUIDATION |
|
2802 |
- |
|
|
BÜHLER HOLDING AG |
|
541487 |
- |
|
|
BÜHLER MANAGEMENT AG |
|
5630947 |
- |
|
NOTES
& COMMENTS
NA
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.10 |
|
|
1 |
Rs.97.32 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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.