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Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
INEOS COMMERCIAL SERVICES UK LIMITED |
|
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|
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Registered Office : |
Hawkslease Chapel Lane, Lyndhurst Hampshire, SO43 7FG |
|
|
|
|
Country : |
United Kingdom |
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|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.11.2010
|
|
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Com. Reg. No.: |
07445497 |
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Legal Form : |
Private limited with Share Capital
|
|
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Line of Business : |
Sales of petrochemical products. |
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No of Employees : |
168 |
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 : |
Slow |
|
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 |
INEOS COMMERCIAL
SERVICES UK LIMITED
HAWKSLEASE CHAPEL LANE
LYNDHURST
HAMPSHIRE
SO43 7FGUnited Kingdom
Telephone +44
019 2851 1528
Fax -
Website www.ineos.com
Company Number: 07445497
Status: Active - Accounts Filed
Foundation: 19/11/2010
No exact match CCJs are recorded against the company. The audit report contains no adverse comments.
Sales in the latest trading period decreased 38.9\\% on the previous trading period.Net Worth decreased by 55.3\\% during the latest trading period. A 83.2\\% decline in Total Assets occurred during the latest trading period. Pre-tax profits decreased by 141.3\\% compared the previous trading period. The company saw a decrease in their Cash Balance of 70.6\\% during the latest trading period.
The company has undergone recent changes in its directorships. The company is part of a group. The company was established over 3 years ago.
Legal form Private limited with Share
Capital
Foundation 19/11/2010
Company No. 07445497
Name Currency Number of
Share type Nominal value
shares
INEOS
GRANGEMOUTH LIMITED GBP 1 ORDINARY 1
Total
capital
GBP 1
Name Address: Date of Nationality Appointment
birth
date
Dr
Henry Deans Hawkslease Chapel Lane, 25/07/1967 British 22/10/2013
Lyndhurst, Hampshire
SO43 7FG
Mr
Ian Mclagan Fyfe Hawkslease Chapel Lane,
22/06/1958 British
06/06/2012
Lyndhurst, Hampshire
SO43 7FG
Mr
Declan John Hawkslease Chapel
Lane, 05/03/1969 British 27/09/2013
Sealy Lyndhurst, Hampshire
SO43 7FG
Mr
Gordon David Hawkslease Chapel
Lane, 13/06/1969 British 27/09/2013
Milne Lyndhurst, Hampshire
SO43 7FG
Mr
Calum Grigor Chemin Des Voiroms
34, 08/12/1963 British 27/09/2013
MacLean Coppet, Vaud CH-1 296
Mr
Geir Tuft Hawkslease Chapel Lane, 27/10/1967 Norwegian 27/09/2013
Lyndhurst, Hampshire
SO43 7FG
Mr
Gerry Stephen Hawkslease Chapel
Lane, 15/02/1979 British 27/09/2013
Hepburn Lyndhurst, Hampshire
SO43 7FG
Name Address:
Appointment date
Mr
Gerry Hepburn Hawkslease Chapel Lane, 27/09/2013
Lyndhurst,
Hampshire
SO43 7FG
Hawkslease,
Chapel Lane, Lyndhurst, Hampshire SO43 7FG
Company
relationships
Company
No. Name Status Country
Ultimate
parent
6393425 INEOS AG Active CH
Affiliated
companies
06888886 INEOS BIO REFINERY (SEAL Non Trading United Kingdom
SANDS) LIMITED
03851680 INEOS CAPITAL LIMITED Active United Kingdom
6624104 INEOS Europe AG Active CH
06631578 INEOS (MALTA) COMPANY Non Trading United Kingdom
07497205 INEOS HOLDINGS (INVESTMENTS) Active United Kingdom
LIMITED
04215887 INEOS HOLDINGS LIMITED Active United Kingdom
04482030 INEOS VINYLS GROUP LIMITED Active United Kingdom
04359903 HAWKSLEASE FINANCE COMPANY Active United Kingdom
LIMITED
04144744 INEOS VINYLS HOLDINGS LIMITED Active United Kingdom
04241416 INEOS VINYLS (II) LIMITED Non Trading United Kingdom
04132696 INEOS VINYLS INVESTMENTS Active United Kingdom
LIMITED
05407940 INEOS VINYLS LIMITED Active United Kingdom
07085014 INEOS FILMS LIMITED Non Trading United Kingdom
02514084 INEOS COMPOUNDS UK LTD Non Trading United Kingdom
IE241522 INEOS IIL LIMITED Active Ireland
07085219 INEOS TECHNOLOGIES (VINYLS) Active
United Kingdom
LIMITED
05807165 INEOS PROPERTIES LIMITED Active United Kingdom
07084307 INEOS FINANCE PLC Active United Kingdom
03982231 INEOS HOLDINGS INTERNATIONAL Non Trading United Kingdom
LIMITED
03938607 INEOS INVESTMENTS Active United Kingdom
INTERNATIONAL LIMITED
04049690 INEOS FLUOR HOLDINGS LIMITED Active United Kingdom
04115605 INEOS FLUOR DELAWARE LIMITED Non Trading United Kingdom
04110462 INEOS FLUOR INTERNATIONAL Non Trading United Kingdom
LIMITED
04041123 INEOS FLUOR LIMITED Active United Kingdom
04154120 INEOS FLUOR TRUSTEES LIMITED Non Trading United Kingdom
04115524 INEOS FLUOR PARTNERS LIMITED Non Trading United Kingdom
04012355 INEOS SILICAS HOLDINGS Active United Kingdom
LIMITED
00048745 INEOS SILICAS LIMITED Non Trading United Kingdom
04154122 INEOS SILICAS TRUSTEES Non Trading United Kingdom
LIMITED
07701537 INEOS PHENOL CHINA LIMITED Active United Kingdom
08729724 INEOS NITRILES ASIA Active United Kingdom
INVESTMENTS LIMITED
04122347 INEOS INVESTMENT HOLDINGS Active United Kingdom
(GERMANY) LIMITED
04068860 INEOS TREASURY (UK) LIMITED Non Trading United Kingdom
03545207 INEOS OXIDE LIMITED Active United Kingdom
04092597 INEOS OVERSEAS COMPANY II Active United Kingdom
LIMITED
04092648 INEOS OVERSEAS COMPANY I Active United Kingdom
LIMITED
04105193 INEOS U.K. FINANCE COMPANY Active United Kingdom
LIMITED
04105198 INEOS U.S. FINANCE COMPANY Active United Kingdom
LIMITED
04980788 INEOS US DSS LIMITED Active United Kingdom
07185465 INEOS TENDERCO LIMITED Non Trading United Kingdom
06576859 INEOS LIMITED Active United Kingdom
03534631 INEOS GROUP LIMITED Active United Kingdom
03546093 INEOS TRUSTEES LIMITED Non Trading United Kingdom
04215862 INEOS GROUP HOLDINGS LIMITED Active United Kingdom
04687714 INEOS ENTERPRISES GROUP Active United Kingdom
LIMITED
08850140 KEUPER GAS STORAGE LIMITED Active United Kingdom
03965021 INEOS ENTERPRISES II LIMITED Active United Kingdom
04846517 INEOS ENTERPRISES NEWCO 1 Non Trading United Kingdom
LIMITED
04651437 INEOS ENTERPRISES LIMITED Active United Kingdom
06576861 INEOS GROUP INVESTMENTS Active United Kingdom
LIMITED
08696245 INOVYN LIMITED Active United Kingdom
07027513 KERLING PLC Active United Kingdom
06179953 INEOS NORWAY SPV LIMITED Active United Kingdom
07085121 INEOS CHLORVINYLS HOLDINGS Active
United Kingdom
LIMITED
00547640 INEOS VINYLS UK LTD Active United Kingdom
04588429 INEOS INDUSTRIAL INVESTMENTS Non Trading United Kingdom
LIMITED
04772918 INEOS CHLOR NEWCO 2 LIMITED Active United Kingdom
04068812 INEOS CHLORVINYLS LIMITED Active United Kingdom
02076043 INEOS CHLOR ENERGY LIMITED Active United Kingdom
06574947 INEOS RUNCORN (TPS) HOLDINGS Active United Kingdom
LIMITED
06575668 INEOS RUNCORN (TPS) LIMITED Active United Kingdom
03253314 EVC PENSION TRUSTEES LIMITED Non Trading United Kingdom
03934724 INEOS CHLOR SALES Non Trading United Kingdom
INTERNATIONAL LIMITED
04797474 INEOS CHLORVINYLS SERVICES Active United Kingdom
LIMITED
09117961 INEOS MCP LIMITED Active United Kingdom
09117971 INEOS EDC LIMITED Active United Kingdom
04154115 INEOS CHLOR TRUSTEES LIMITED Non Trading United Kingdom
04922758 INEOS VINYLS FINANCE LIMITED Non Trading
United Kingdom
01631120 INEOS NEWTON AYCLIFFE LTD Non Trading United Kingdom
01770569 HYPOL PENSION TRUSTEES Non Trading United Kingdom
LIMITED
06981897 INEOS CHEMICALS GRANGEMOUTH Active United Kingdom
LIMITED
06959146 INEOS INDUSTRIES LIMITED Active United Kingdom
06958119 INEOS INDUSTRIES HOLDINGS Active United Kingdom
LIMITED
06312813 INEOS ABS (UK) LIMITED Non Trading United Kingdom
09121775 INEOS UPSTREAM LIMITED Active United Kingdom
06966033 INEOS BIO HOLDINGS LIMITED Active United Kingdom
02388655 INEOS BIO LIMITED Active United Kingdom
06889038 INEOS BIO RESOURCES LIMITED Non Trading United Kingdom
08222822 INEOS CHLOROTOLUENES LIMITED Active United Kingdom
342238120000 INEOS Styrenics European Active Luxembourg
Holding B.V.
01780289 INEOS STYRENICS UK LIMITED Non Trading United Kingdom
06965904 INEOS HEALTHCARE HOLDINGS Non Trading United Kingdom
LIMITED
04607922 INEOS HEALTHCARE LIMITED Non Trading United Kingdom
05310700 INEOS EUROPEAN HOLDINGS Active United Kingdom
LIMITED
05310669 INEOS NOMINEE LIMITED Active United Kingdom
05310684 INEOS MARKETING SUPPORT Active United Kingdom
LIMITED
06220099 INEOS NITRILES LIMITED Non Trading United Kingdom
06480046 INEOS MANUFACTURING (HULL) Other United Kingdom
LIMITED
06609077 INEOS GROUP LIFE ASSURANCE Non Trading United Kingdom
TRUSTEE LIMITED
06831798 INEOS 2009A LIMITED Non Trading United Kingdom
06831802 INEOS 2009B Non Trading United Kingdom
06674365 INEOS DERIVATIVES FRANCE Active United Kingdom
LIMITED
06238238 INEOS NITRILES (UK) LIMITED Active United Kingdom
04589671 INEOS PROCUREMENT LIMITED Non Trading United Kingdom
07445505 INEOS SALES (UK) LIMITED Active United Kingdom
05293217 INEOS PARAFORM HOLDINGS Active United Kingdom
LIMITED
04482032 INEOS PARAFORM LIMITED Active United Kingdom
06716202 INEOS TECHNOLOGIES (HOLDINGS)
Active United Kingdom
LIMITED
06688876 INEOS FINANCE COMPANY Active United Kingdom
IE431558 INEOS UK HOLDINGS 1 Other Ireland
IE431571 INEOS UK HOLDINGS 2 Other Ireland
Immediate
parent
08698417 INEOS GRANGEMOUTH PLC Active United Kingdom
Principal Sales of petrochemical
Activity products. Accounts data converted from
Euro.
SIC03 Other business activities
SIC07 Other business support service
activities n.e.c.
Date of Accounts
Turnover
Turnover
31/12/2011 GBP
3,668,472,634 194
31/12/2012 GBP
5,549,669,235 176
31/12/2013 GBP
3,389,759,093 168
PRICEWATERHOUSECOOPERS LLP
Company history
Date Action
23/11/2010 New
Board Member Mr S.T. Brown appointed
23/11/2010 New
Company Secretary AS COMPANY SERVICES LIMITED
appointed
23/11/2010 New
Board Member Mr B. Farquhar appointed
30/11/2010 Mr
S.T. Brown has left the board
30/11/2010 AS
COMPANY SERVICES LIMITED has resigned as company
secretary
30/11/2010 Mr
B. Farquhar has left the board
30/11/2010 New
Board Member Mr P.J. De Klerk appointed
30/11/2010 New
Company Secretary Mr M.H. Stokes appointed
09/12/2010 New
Board Member Mr P.J. De Klerk appointed
27/01/2011 New
Board Member Mr G. Leask appointed
04/02/2011 New
Board Member Mr G. Leask appointed
04/04/2011 New
Board Member Mr J.F. Ginns appointed
18/04/2011
Change in Reg.Office
28/07/2011 New
Board Member L.H. Heemskerk appointed
03/08/2011 Mr
P.J. De Klerk has left the board
25/11/2011
Annual Returns
13/02/2012 Mr
M.H. Stokes has resigned as company secretary
13/02/2012 New
Company Secretary Mr Y.S. Ali appointed
08/06/2012 New
Board Member Mr D.D. Gebbie appointed
08/06/2012 New
Board Member Mr M.J. Williams appointed
08/06/2012 New
Board Member Mr I.M. Fyfe appointed
11/06/2012 New
Board Member Mr G.D. Grant appointed
19/06/2012 New
Board Member Mr G.D. Grant appointed
04/07/2012 New
Accounts Filed
08/01/2013
Annual Returns
08/01/2013
Annual Returns
01/10/2013 Mr
D.D. Gebbie has left the board
01/10/2013 Mr
M.J. Williams has left the board
01/10/2013 Mr
Y.S. Ali has resigned as company secretary
01/10/2013 Mr
J.F. Ginns has left the board
01/10/2013 Mr
G.D. Grant has left the board
01/10/2013 L.H.
Heemskerk has left the board
01/10/2013 Mr
G. Leask has left the board
01/10/2013 New
Board Member Mr G. Hepburn appointed
01/10/2013 New Board
Member Mr G. Tuft appointed
01/10/2013 New
Board Member Mr C.G. MacLean appointed
01/10/2013 New
Board Member Mr G. Milne appointed
01/10/2013 New
Board Member Mr D.J. Sealy appointed
01/10/2013 New
Board Member Mr G.R. Haywood appointed
07/10/2013 New
Accounts Filed
29/10/2013 Mr
G.R. Haywood has left the board
29/10/2013 New
Board Member Dr H. Deans appointed
27/11/2013
Annual Returns
09/09/2014 New Accounts Filed
29/09/2014 New
Company Secretary Mr G. Hepburn appointed
Mortgage type SECURITY AGREEMENT
Charge created 12/05/2010
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS THE
"SECURITY AGENT");
Mortgage detail THE GRANTOR'S RIGHT TITLE AND INTEREST
IN AND TO
FOLLOWING ALL SHARES OF STOCK
MEMBERSHIP OR
PARTNERSHIP INTERESTS AND
EQUITY INTERESTS SEE IMAGE
FOR FULL DETAILS
Mortgage type INTELLECTUAL PROPERTY SECURITY
AGREEMENT
Charge created 12/05/2010
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS THE SECURITY
AGENT);
Mortgage detail THE GRANTOR'S RIGHT TITLE AND INTEREST
IN AND TO THE
FOLLOWING THE PATENTS AND
PATENT APPLICATIONS,THE
TRADEMARK AND SERVICE MARK
REGISTRATIONS SEE IMAGE FOR
FULL DETAILS
Mortgage type DEBENTURE
Charge created 12/05/2010
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail FIXED
AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT
AND FUTURE, INCLUDING
GOODWILL, BOOKDEBTS, UNCALLED
CAPITAL, BUILDINGS,
FIXTURES,
FIXED PLANT AND MACHINERY SEE IMAGEFOR FULL
DETAILS
Mortgage type BELGIAN LAW SHARE PLEDGE
Charge created 12/05/2010
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC;
Mortgage detail THE PLEDGOR GRANTS A PLEDGE OVER
SHARESIT OWNS IN THE
COMPANY SEE IMAGE FOR FULL
DETAILS
Mortgage type BELGIAN LAW SHARE PLEDGE
Charge created 12/05/2010
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC;
Mortgage detail THE PLEDGOR GRANTS A PLEDGE OVER
SHARESIT OWNS IN THE
COMPANY SEE IMAGE FOR FULL
DETAILS
Mortgage type BELGIAN LAW SHARE PLEDGE
Charge created 12/05/2010
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC;
Mortgage detail THE PLEDGOR GRANTS A PLEDGE OVER
SHARESIT OWNS IN THE
COMPANY SEE IMAGE FOR FULL
DETAILS
Mortgage type ENGLISH LAW DEBENTURE
Charge created 15/03/2011
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail FIXED AND FLOATING CHARGE OVER THE
UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT
AND FUTURE, INCLUDING
GOODWILL, BOOKDEBTS, UNCALLED
CAPITAL, BUILDINGS,
FIXTURES, FIXED PLANT AND
MACHINERY SEE IMAGEFOR FULL
DETAILS
Mortgage type BELGIAN LAW CONFIRMATION OF PLEDGE
Charge created 25/05/2011
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail THE SHARES IN- INEOS MANUFACTURING,
INEOS SALES AND
INEOS SERVICES SEE IMAGE FOR
FULL DETAILS
Mortgage type NEW YORK LAW INTELLECTUAL PROPERTY
SECURITY AGREEMENT
Charge created 01/06/2011
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS "SECURITY
AGENT");
Mortgage detail THE GRANTOR'S RIGHT TITLE AND INTEREST
IN AND TO THE
FOLLOWING THE PATENTS AND
PATENT APPLICATION,THE
TRADEMARK AND SERVICE MARK
REGISTRATIONS SEE IMAGE FOR
FULL DETAILS
Mortgage type NEW YORK LAW SECURITY AGREEMENT
SUPPLEMENT
Charge created 01/06/2011
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS
BANK PLC (AS "SECURITY AGENT");
Mortgage detail ALL
OF ITS RIGHT TITLE AND INTEREST IN AND TO THE
FOLLOWING ALL
EQUIPMENT.INVENTORY RECEIVABLES RELATED
CONTRACTS
SECURITY COLLATERAL INTELLECTUAL PROPERTY
COLLATERAL SEE IMAGE FOR FULL
DETAILS
Charge created 01/06/2011
Charge registered 08/06/2011
Status PARTIAL PROPERTY RELEASE
Entitled person BARCLAYS BANK PLC (AS SECURITY AGENT)
Mortgage detail ALL ITS RIGHT TITLE AND INTEREST IN
ANDTO THE ASSIGNED
CONTRACTS SEE IMAGE FORFULL
DETAILS
Mortgage type SECOND
RANKING CHARGE AND SECURITY ASSIGNMENT
Charge created 01/06/2011
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail ALL ITS RIGHT TITLE AND INTEREST IN
ANDTO THE ASSIGNED
CONTRACTS
SEE IMAGE FORFULL DETAILS
Mortgage type GERMAN LAW SECURITY TRANSFER
AGREEMENT
Charge created 01/06/2011
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS "SECURITY
AGENT");
Mortgage detail PURSUANT TO CLAUSE 2.1 OF THE
AGREEMENTWITH EFFECT AS
OF THE DISPOSAL EFFECTIVE DATE
TRANSFERS TITLE TO ANY
AND ALL ASSETS SEE IMAGE FOR
FULL DETAILS
Mortgage type SECOND RANKING CHARGE AND SECURITY
ASSIGNMENT
Charge created 10/02/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (THE SECURITY
AGENT);
Mortgage detail ALL RIGHT TITLE AND INTEREST IN THE
ASSIGNED CONTRACTS
SEE IMAGE FOR FULL
DETAILS
Mortgage type ENGLISH LAW DEBENTURE
Charge created 10/02/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail FIXED AND FLOATING CHARGE OVER THE
UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT
AND FUTURE, INCLUDING
GOODWILL, BOOKDEBTS, UNCALLED
CAPITAL, BUILDINGS,
FIXTURES, FIXED PLANT AND
MACHINERY SEE IMAGEFOR FULL
DETAILS
Mortgage type SECOND SUPPLEMENTAL AGREEMENT
Charge created 10/02/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail FIRST RANKING PLEDGE OVER THE SHARES
ITOWNS IN INEOS
MANUFACTURING SEE IMAGE FOR
FULL DETAILS
Mortgage type AMENDMENT AND CONFIRMATION
AGREEMENT
Charge created 01/03/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail THE TRANSFEROR TRANSFERED TO THE
SECURITY AGENT TITLE
TO ANY AND ALL ASSETS FIXTURES
AND CHATTELS INCLUDING
RAW MATERIAL WORK IN PROGRESS
AND FINISHED STOCK SEE
IMAGE FOR FULL DETAILS
Mortgage type THIRD SUPPLEMENTAL AGREEMENT
Charge created 04/05/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail A FIRST RANKING PLEDGE OVER THE SHARES
IN INEOS HOLDCO
AND SHARES IN INEOS NV AND
OVER ALL SUCH FUTURE SHARES
SEE IMAGEFOR FULL DETAILS
Mortgage type DEBENTURE
Charge created 04/05/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail FIXED AND FLOATING CHARGE OVER THE
UNDERTAKING AND ALL
PROPERTY
AND ASSETS PRESENT AND FUTURE, INCLUDING
GOODWILL, BOOKDEBTS, UNCALLED
CAPITAL, BUILDINGS,
FIXTURES, FIXED PLANT AND
MACHINERY SEE IMAGEFOR FULL
DETAILS
Mortgage type SECOND RANKING CHARGE AND SECURITY
ASSIGNMENT
Charge created 04/05/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail ALL RIGHTS TITLE AND INTEREST IN THE
ASSIGNED
CONTRACTS TOGETHER WITH THE
BENEFIT OF ALL ITS RIGHTS
CLAIMS AND REMEDIESSEE IMAGE
FOR FULL DETAILS
Mortgage type SECURITY AGREEMENT
Charge created 04/05/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail ALL RIGHT TITLE AND INTEREST IN AND TO
THE PATENTS,
THE TRADEMARKS AND THE
COPYRIGHTS SEE IMAGE FOR FULL
DETAILS
Mortgage type SECURITY AGREEMENT
Charge created 04/05/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail RIGHT TITLE AND INTEREST IN AND TO THE
INITIAL PLEDGED
EQUITY AND THE CERTIFICATES,
THE INITIAL PLEDGED DEBT
AND THE INSTRUMENTS AND ALL
ADDITIONAL SHARES OF STOCK
MEMBERSHIP OR PARTNERSHIP
INTERESTSAND OTHER EQUITY
INTERESTS SEE IMAGE FOR FULL
DETAILS
Mortgage type AMENDMENT AND CONFIRMATION
AGREEMENT
Charge created 29/05/2012
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC (AS SECURITY
AGENT);
Mortgage detail THE TRANSFEROR TRANSFERED TO THE
SECURITY AGENT TITLE
TO ANY AND ALL ASSETS FIXTURES
AND CHATTELS INCLUDING
RAW MATERIAL WORK IN PROGRESS
AND FINISHED STOCK SEE
IMAGE FOR FULL DETAILS
Charge created 08/05/2013
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC;
Mortgage detail UK REGISTERED LAND:LEASEHOLD PROPERTY
BEING KNOWLE
GREEN, 79/87 KINGSTON ROAD,
STAINES, LONDON TW18 1DY,
WITH
TITLE NUMBER SY608291.INTELLECTUAL
PROPERTY:PATENT
NUMBERS:EP0802202, EP0699213,
EP0640680, EP0676418,
EP1848750, EP1776396, EP0704240,
EP0703246,
EP0671419, EP0683176, EP0850105, EP0898585,
EP1045868, EP0993472,
EP0969037, EP1149134, EP1240217,
EP1263809, EP1290085,
EP1155059, EP1484344,EP1135420,
EP1381634, EP1414870, EP1490415, EP1578811,
EP1644423,
EP1656420, 7276639, 6887957,
7718811, 6852811,
7357902, 7811956, 7705095,
7807860, 6284848, 6362290,
6462161, 6518385, 6187878,
6271272, 7229943, 7956129,
6348635, 6265502, 6656524,
6797756, 6586539, 6562924,
6639028, 6649710, 6911504,
7812103, 6998440,6800702,
7141633, 7232878, 7964681,
7582710, 7087686, 7767771,
APPLICATION NO. 12/801741,
6884856, 8114945, 7335710,
7323038, 7488862, 7452948,
5990251, 5804677, 5733510,
5668228, 5541270, 7276564,
5475171, 6410659, 5674955,
5789501, 5714429, 5684216,
5929180, 5928612, 5633333,
5922818, 6225422, 6140460,
6437062, 6258978, 7968659,
APPLICATION NO.
11/921286,8067654, APPLICATION NO.
12/087406, 8242220,
APPLICATION NO. 12/998254,
7678726, APPLICATION NO. 10/586781,
7332549,
APPLICATION NO. 11/667466,
7842638, 7989565, 8067328,
APPLICATION NO. 11/884653,
7652109, 7807761, 5714555,
5714425. TRADEMARK NUMBERS:
2376682
("AMODRILL")1583951
("DURASYN")1583952
("DURASYN")856548
("INDOPOL")3985447
("PANALANE")3985471
("SILKFLO")6302459
("SUPERSTRESS")6915102
("RIGIDEX").CONTAINS FIXED
CHARGE.CONTAINS FLOATING
CHARGE.FLOATING CHARGE COVERS
ALL THE PROPERTY OR
UNDERTAKING OF
THECOMPANY.NOTIFICATION OF
ADDITION TO OR AMENDMENT OF
CHARGE.
Charge created 08/05/2013
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC;
Mortgage detail CONTAINS FIXED CHARGE.NOTIFICATION OF
ADDITION TO OR
AMENDMENT OF CHARGE.
Charge created 08/05/2013
Charge registered 10/10/2013
Status OUTSTANDING
Entitled person BARCLAYS BANK PLC;
Mortgage detail CONTAINS FIXED CHARGE.NOTIFICATION OF
ADDITION TO OR
AMENDMENT
OF CHARGE.
Charge created 01/10/2013
Charge registered 04/10/2013
Status SATISFIED
Entitled person INEOS HOLDINGS LIMITED;
Mortgage detail CONTAINS FIXED CHARGE.CONTAINS
FLOATINGCHARGE.FLOATING
CHARGE COVERS ALL THE PROPERTY
OR UNDERTAKING OF THE
COMPANY.NOTIFICATION OF
ADDITION TO OR AMENDMENT OF
CHARGE.
Charge created 25/10/2013
Charge registered 01/11/2013
Status OUTSTANDING
Entitled person BP INTERNATIONAL LIMITED (AND ITS
SUCCESSORS IN TITLE
AND PERMITTED
TRANSFEREES);
Mortgage detail CONTAINS
FIXED CHARGE.NOTIFICATION OF ADDITION TO OR
AMENDMENT OF CHARGE.
Charge created 30/07/2014
Charge registered 08/08/2014
Status OUTSTANDING
Entitled person BNY MELLON CORPORATE TRUSTEE SERVICES
LIMITED AS
SECURITY TRUSTEE;
Mortgage detail CONTAINS FIXED CHARGE.CONTAINS
FLOATINGCHARGE.FLOATING
CHARGE COVERS ALL THE PROPERTY
OR UNDERTAKING OF THE
COMPANY.CONTAINS NEGATIVE
PLEDGE.
There are no County Court Judgments listed against this company
Profit
\& Loss
- 31/12/2013 31/12/2012 31/12/2011
52 52 30
GBP GBP GBP
Group: No Group: No Group: No
Turnover 3,389,759,093 5,549,669,235 3,668,472,634
Export - - -
Cost
of Sales 3,331,054,758.69 5,442,157,092.61 3,595,535,699.97
Gross
Profit 58,704,334.73
107,512,142.01 72,936,934.04
Wages
And Salaries 11,215,627 13,051,415 5,165,478
Directors
Emoluments 263,095.33 359,236.3 24,841.73
Operating
Profit -48,358,823.99 79,505,945.4 55,445,949.19
Depreciation 14,264.2 36,844.74 2,404.03
Audit
Fees 159,283.61 135,655.66 100,168.28
Interests
Payments 12,146,762.81 43,496,064.31 34,491,545.79
Pre
Tax Profit -20,085,585 48,625,858 26,826,669
Taxation -134,894,999.6 -59,346,005.69 192,761,439.21
Profit
After Tax -154,980,584.83 -10,720,147.37 219,588,108.02
Dividends
Payable 0 0 0
Retained
Profit -154,980,584.83 -10,720,147.37 219,588,108.02
Balance
Sheet
- 31/12/2013 31/12/2012 31/12/2011
52 52 30
GBP GBP GBP
Group: No Group: No Group: No
Tangible
Assets 7,496,632 223,599,900 239,995,192
Intangible
Assets 0
137,940,881 142,780,672
Total
Fixed Assets 7,496,632 361,540,780 382,775,863
Stock 72,668,199 22,075,029 12,639,635
Trade
Debtors 16,232,665 55,260,425 218,169,725
Cash 981,853 3,334,450 18,664,957
Other
Debtors 96,246,929 707,267,627 610,488,821
Miscellaneous
Current Assets 0 0 0
Total
Current Assets 186,129,646
787,937,531 859,963,138
Trade
Creditors 20,021,396 194,564,562 317,248,177
Bank
Loans and Overdraft 0 0 0
Other
Short Term
Finance 80,145,019 634,575,448 647,680,103
Miscellaneous
Current 47,005,309 87,971,027 41,319,016
Liabilities
Total
Current
Liabilities 147,171,725 917,111,037 1,006,247,295
Bank
Loans and
Overdrafts
LTL 19,300,262 33,660,191 35,492,427
Other
Long Term
Finance 48,340 91,274 13,331,998
Total
Long Term
Liabilities 19,300,262 33,660,191 35,492,427
Capital
\& Reserves
- 31/12/2013 31/12/2012 31/12/2011
52 52 30
GBP GBP GBP
Group: No Group: No Group: No
Called
Up Share Capital 0 0 0
P
and L Account Reserve 27,154,291 198,707,084 200,999,279
Revaluation
Reserve 0 0 0
Sundry
Reserves 0 0 0
Shareholders
Funds 27,154,291 198,707,084 200,999,279
Other
Financial Items
- 31/12/2013 31/12/2012 31/12/2011
52 52 30
GBP GBP GBP
Group: No Group: No Group: No
Net
Worth 27,154,291 60,766,203 58,218,607
Working
Capital 38,957,921 -129,173,505 -146,284,157
Total
Assets 193,626,277.83 1,149,478,311.83 1,242,739,001.52
Total
Liabilities 166,471,987
950,771,228 1,041,739,723
Net
Assets 27,154,291 198,707,084 200,999,279
Cash
Flow
- 31/12/2013 31/12/2012 31/12/2011
52 52 30
GBP GBP GBP
Group: No Group: No Group: No
Net
Cash Flow from Operations 0 0 0
Net
Cash Flow before Financing 0 0 0
Net
Cash Flow from Financing 0 0 0
Increase
in Cash -2,352,597 -15,330,507 0
Miscellaneous
- 31/12/2013 31/12/2012 31/12/2011
52 52 30
GBP GBP GBP
Group: No Group: No Group: No
Capital
Employed
46,454,553 232,367,275 236,491,706
Financial
Ratios
Name 31/12/2013 31/12/2012 31/12/2011
Pre
Tax Profit Margin
-0.59 % 0.88 % 0.73 %
Current
Ration
1.26 0.86 0.85
Sales
or Net Working Capital
87.01 -42.96 -25.08
Gearing 71.08 % 16.94 % 17.66 %
Equity 14.02
% 19.64 % 18.27 %
Creditor
Days
2.14 12.76 18.16
Debtor
Days 1.74 3.62 12.48
Liquidity
or Acid test
0.77 0.83 0.84
Return
on Capital Employed
-43.23 % 20.92 % 11.34 %
Return
on Total Assets Employed
-10.37 % 4.23 % 2.15 %
Current
Debt Ratio 5.41
% 4.61 % 5.00 %
Total
Debt Ratio
6.13 % 4.78 % 5.18 %
Stock
Turnover Ratio 2.14 % 0.39 % 0.34 %
Return
on Net Assets Employed
-73.96 % 24.47 % 13.34 %
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.97.32 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.