|
Report Date : |
29.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
EDWARDS LIMITED |
|
|
|
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Formerly Known as : |
EDWARDS UKCO 3 LIMITED |
|
|
|
|
Registered Office : |
Manor Royal, Crawley, |
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Country : |
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|
Financials (as on) : |
31.12.2013 |
|
|
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|
Date of Incorporation : |
22.02.2007 |
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|
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Com. Reg. No.: |
06124750 |
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|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
· Engaged as developer and manufacturer of sophisticated vacuum products, abatement solutions and related value-added services. Subject
products are integral to manufacturing processes for semiconductors, flat
panel displays, LEDs and solar cells; are used within an increasingly diverse
range of industrial processes including power, glass and other coating
applications, steel and other metallurgy, pharmaceutical and chemical; and
for both scientific instruments and a wide range of R&D applications. |
|
|
|
|
No of Employees : |
665 (31.12.2013) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
|
With Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
Slow but Correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
EDWARDS LIMITED
MANOR ROYAL
CRAWLEY
WEST SUSSEX
RH10 9LW
United Kingdom
Telephone +44 012 9352 8844
Website www.edwardsvacuum.com
Status: Active - Accounts
Filed
Company Number: 06124750
No exact match CCJs are recorded against the company. Sales in the latest trading period increased 16.6% on the previous trading period. Pre-tax profits increased by 5.1% compared to the previous trading period. The audit report contains no adverse comments.
Net Worth
de-creased by 31.4% during the latest trading period. A 1.1% decline in Total
Assets occurred during the latest trading period.
The company saw
a decrease in their Cash Balance of 79.5% 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 7 years ago.
Legal form
Private limited with Share Capital
Foundation
22/02/2007
Company No.
06124750
|
Previous Names |
|
|
Date of Change |
Previous Name |
|
30/04/2007 |
EDWARDS UKCO
3 LIMITED |
|
Name |
Currency |
Number of shares |
Share type |
Nominal value |
|
ATLAS COPCO
AIRPOWER NV |
GBP |
1,000 |
ORDINARY |
1 |
|
|
|
|
|
|
|
Total Share Capital |
|
|
|
GBP 1,000 |
|
Directors |
|
|
|
|
|
Name |
Address: |
Date of birth |
Nationality |
Appointment date |
|
Mr Michael
Allison |
High Barn
Wokingham Road, Hurst, Reading, Berkshire RG10 0RX |
28/10/1962 |
British |
15/06/2009 |
|
Mr Neil
Anthony Lavender Jones |
Manor Royal
Crawley, West Sussex RH10 9LW |
26/05/1958 |
British |
24/09/2013 |
|
Mr Gareth
Valentine Harte |
Manor Royal,
Crawley, West Sussex RH10 9LW |
04/10/1966 |
Irish |
31/12/2013 |
|
Alex Jan
Christiaan Bongaerts |
Crawley
Business Quarter Manor Royal, Crawley, West Sussex RH10 9LW |
08/01/1960 |
Belgian |
21/01/2014 |
|
Mr Geert
Follens |
Crawley
Business Quarter Manor Royal, Crawley, West Sussex RH10 9LW |
06/04/1959 |
Belgian |
21/01/2014 |
|
Company Secretary |
||
|
Name |
Address: |
Appointment
date |
|
Ms. Sally
Suzanne Patrick |
Manor Royal,
Crawley, West Sussex RH10 9LW |
01/07/2014 |
|
Other Known Addresses |
|
|
|
·
Kenn
Business Park, Kenn Road, Kenn, Clevedon, Avon BS21 6TH |
|
|
|
· Manor Royal, Crawley, West Sussex RH10 9LW |
|
|
|
Company relationships |
|
|
|
|
|
|
|
|
|
Ultimate parent |
Name |
Status |
|
|
|
ATLAS COPCO
AIRPOWER NV |
Other |
|
|
|
|
|
|
Main activity
· Engaged as developer and manufacturer of sophisticated vacuum products, abatement solutions and related value-added services.
Subject
products are integral to manufacturing processes for semiconductors, flat panel
displays, LEDs and solar cells; are used within an increasingly diverse range
of industrial processes including power, glass and other coating applications, steel
and other metallurgy, pharmaceutical and chemical; and for both scientific
instruments and a wide range of R&D applications.
|
Turnover and Employees |
|
|
|
|
|
|
|
Date of Accounts |
Turnover |
Employees |
|
31/12/2011 |
GBP 475,849,000 |
844 |
|
31/12/2012 |
GBP 234,718,000 |
725 |
|
31/12/2013 |
GBP 273,737,000 |
665 |
|
Auditor name |
|
|
PRICEWATERHOUSECOOPERS
LLP |
|
|
Company history |
|
|
Date |
Action |
|
03/02/2010 |
Ms M.J. Rowlands
has resigned as company secretary |
|
12/02/2010 |
New Company
Secretary Ms S.L. Larkins appointed |
|
06/04/2010 |
Annual Returns |
|
30/07/2010 |
Mr C. Bradley
has resigned as company secretary |
|
30/07/2010 |
Mr C. Bradley
has left the board |
|
30/07/2010 |
Mr N.D. Hunton
has left the board |
|
16/08/2010 |
New Board
Member Mr D.M. Smith appointed |
|
16/08/2010 |
New Board
Member Mr M.G. Taylor appointed |
|
01/10/2010 |
New Accounts
Filed |
|
01/10/2010 |
New Accounts
Filed |
|
23/03/2011 |
Annual Returns |
|
25/06/2011 |
New Accounts
Filed |
|
25/06/2011 |
New Accounts
Filed |
|
21/02/2012 |
New Company
Secretary Mr M. Anscombe appointed |
|
28/02/2012 |
Annual Returns |
|
04/09/2012 |
New Accounts
Filed |
|
04/09/2012 |
New Accounts
Filed |
|
07/03/2013 |
Mr M.G. Taylor
has left the board |
|
21/03/2013 |
Annual Returns |
|
24/09/2013 |
New Accounts
Filed |
|
24/09/2013 |
New Accounts
Filed |
|
04/10/2013 |
Dr S.E. Ormrod
has left the board |
|
11/10/2013 |
New Board Member
Mr N.A. Lavender Jones appointed |
|
06/01/2014 |
Mr D.M. Smith
has left the board |
|
10/01/2014 |
New Board
Member Mr G.V. Harte appointed |
|
17/01/2014 |
New Board
Member Mr G.V. Harte appointed |
|
31/01/2014 |
Mr M. Anscombe
has resigned as company secretary |
|
05/02/2014 |
New Board
Member A.J. Bongaerts appointed |
|
11/02/2014 |
New Board
Member Mr G. Follens appointed |
|
26/03/2014 |
Annual Returns |
|
14/07/2014 |
Ms S.L.
Larkins has resigned as company secretary |
|
14/07/2014 |
New Company
Secretary Ms S.S. Patrick appointed |
|
07/10/2014 |
New Accounts
Filed |
|
07/10/2014 |
New Accounts
Filed |
|
13/11/2014 |
New Accounts
Filed |
|
13/11/2014 |
New Accounts
Filed |
|
Charge created |
31/05/2007 |
|
Charge
registered |
13/03/2009 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE SHARES
BEING 1,632,000 ORDINARY SHARES HAVING EACH A PAR VALUE OF EUR 0.52 |
|
|
|
|
Charge created |
31/05/2007 |
|
Charge
registered |
13/03/2009 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE SHARES
BEING 1,632,000 ORDINARY SHARES HAVING EACH A PAR VALUE OF EUR 0.52 |
|
Charge created |
31/05/2007 |
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT FOR THE LENDERS |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE BUT NOTEXCEEDING US |
|
Mortgage Details
|
ALL RIGHT TITLE AND INTEREST IN AND TO THE PLEDGED PROPERTY BEING
THE INITIALLYPLEDGED SHARES AND ANY OTHER SHARES IN EDWARDS TECH- NOLOGIES
LIMITED OR BOC EDWARDS HTC LTD TOGETHER WITH ALL DIVIDENDS Stocks Share |
|
|
|
|
Charge created
|
31/05/2007 |
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT FOR AND ON BEHALF OF THE SECURED
PARTI |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE PLEDGOR UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE SHARES
BEING 150,000 FULLY PAID UP ORDINARY SHARES IN THE COMPANY ALL OTHERCHARGED
SECURITIES ALL RIGHTS |
|
|
|
|
Charge created |
31/05/2007 |
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT FOR AND ON BEHALF OF THE SECURED
PARTI |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE PLEDGOR UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE SHARES
BEING 150,000 FULLY PAID UP ORDINARY SHARES IN THE COMPANY ALL OTHERCHARGED
SECURITIES ALL RIGHTS |
|
|
|
|
Charge created |
31/05/2007 |
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT FOR THE LENDERS |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage detail |
ALL OF ITS RIGHT TITLE AND INTEREST PRESENT AND FUTURE IN AND TO THE Equity interest |
|
|
|
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT FOR THE LENDERS |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
ALL OF ITS
RIGHT TITLE AND INTEREST PRESENT AND FUTURE IN AND TO THE EQUITY INTEREST |
|
Charge created |
31/05/2007 |
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT FOR THE LENDERS |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE PLEDGED
SHARES AND ALL DIVIDENDS DISTRIBUTIONS CASH INSTRUMENTS AND OTHER PROPERTY |
|
|
|
|
Charge created |
31/05/2007 |
|
Charge
registered |
13/06/2007 |
|
Status |
PARTIAL
PROPERTY RELEASE |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS AGENT AND TRUSTEE FOR THE SECURED PARTIES |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO ANY SECURED PARTY ON ANY ACCOUNT
WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
|
Mortgage
detail |
FIXED AND
FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT
ANDMACHINERY |
|
Charge created |
31/05/2007 |
|
Charge
registered |
04/04/2014 |
|
Status |
SATISFIED |
|
Entitled
person |
DEUTSCHE BANK AG
NEW YORK BRANCH AS AGENT AND TRUSTEE FOR THE SECURED PARTIES; |
|
Mortgage
detail |
FIXED AND
FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERYSEE
THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
17/07/2007 |
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK AG
NEW YORK BRANCH AS COLLATERAL AGENT FOR AND ON BEHALF OF THE SECURED PARTIES |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE PLEDGEES ON ANY ACCOUNTWHATSOEVER UNDER
THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE SHARES
TOGETHER WITH ALL ANCILLIARYRIGHTS AND CLAIMS |
|
|
|
|
Charge created |
17/07/2007 |
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS COLLATERAL AGENT FOR AND ON BEHALF OF THE SECURED
PARTIES |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE PLEDGEES ON ANY ACCOUNTWHATSOEVER UNDER
THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE SHARES
TOGETHER WITH ALL ANCILLIARYRIGHTS AND CLAIMS |
|
Charge created |
30/07/2007 |
|
Charge
registered |
16/08/2007 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS AGENT AND TRUSTEES FOR THE SECURED PARTIES |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
FIXED AND
FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT
ANDMACHINERY |
|
Charge created |
30/07/2007 |
|
Charge
registered |
16/08/2007 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK AG
NEW YORK BRANCH AS AGENT AND TRUSTEES FOR THE SECURED PARTIES |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE CUSTOMER UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
FIXED AND FLOATING
CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE
INCLUDING GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERY |
|
|
|
|
Charge created |
31/07/2008 |
|
Charge
registered |
14/11/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH AS ADMINISTRATIVE AGENT FOR THE LENDERS |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE PLEDGED
SHARES AND ALL DIVIDENDS DISTRIBUTIONS CASH INSTRUMENTS AND OTHER PROPERTY |
|
|
|
|
Charge created |
31/07/2008 |
|
Charge
registered |
12/08/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG, NEW YORK BRANCH |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE LOAN PARTY ON ANY ACCOUNT WHATSOEVER UNDER THE
TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
ALL OF ITS
RIGHT, TITLE AND INTEREST INTHE SHARES MEANING 100% OF SHARES IN THE COMPANY |
|
Charge created |
25/11/2008 |
|
Charge
registered |
01/12/2008 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG, NEW YORK BRANCH |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO ANY LENDER COUNTERPARTY OR OTHER COVERED
COUNTERPARTY ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
THE COLLATERAL
BEING THE MORTGAGED LOANASSETS, INVENTORY LOAN ASSETS AR LOAN ASSETS
INSURANCE LOAN ASSETS AND MEMBERSHIP LOAN ASSETS |
|
|
|
|
Charge created
|
16/06/2010 |
|
Charge
registered |
24/06/2010 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage detail |
OWNERSHIP INTEREST, INCLUDING ALL INCOME, DISTRIBUTIONS OF PROFITS AND OTHER PAYMENTS AND BENEFITS, |
|
|
|
|
Charge created |
31/08/2010 |
|
Charge
registered |
10/09/2010 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG, NEW YORK BRANCH |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
ALL OF ITS RIGHT,
TITLE AND INTEREST IN, TO AND UNDER ITS PLEDGED SHARES MEANING THE 393,231
COMMON SHARES |
|
Charge
registered |
31/12/2010 |
|
Status |
OUTSTANDING |
|
Entitled
person |
BARCLAYS BANK
PLC |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage
detail |
THE CHARGE
CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO
THE FORM 395 (INCLUDING ALL ORANY PART OF THE MONEY PAYABLE PURSUANT TO SUCH
DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM
TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR
FOR THE PURPOSES OF AND TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE
CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON BARCLAYS
BANK PLC RE EDWARDS LIMITED CURRENT ACCOUNT NUMBER 33589595 |
|
|
|
|
Charge created |
29/06/2011 |
|
Charge
registered |
19/07/2011 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK AG
NEW YORK BRANCH |
|
Secured amount |
ALL SUMS DUE
OR TO BECOME DUE UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
|
Mortgage
detail |
PLEDGES THE
OWNERSHIP INTEREST,INCLUDING ALL INCOME,DISTRIBUTIONS OF PROFITS AND OTHER
PAYMENTS AND BENEFITS |
|
|
|
|
Charge created |
23/01/2013 |
|
Charge
registered |
04/02/2013 |
|
Status |
OUTSTANDING |
|
Entitled
person |
DEUTSCHE BANK
AG NEW YORK BRANCH |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE TO ANY SECURED PARTY UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage
detail |
ALL OF THE
RIGHT TITLE AND INTEREST FROM TIME TO TIME IN THE MORTGAGED PROPERTY.
MORTGAGED PROPERTY MEANS F/H PROPERTYWITH T/NO WSX206151 AT INNOVATION DRIVE,
BURGESS HILL TOGETHER WITH ALL BUILDINGS, FIXTURES AND ALL PROCEEDS OF SALE. |
|
Profit & Loss |
|
|
|
|
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Turnover |
273,737,000 |
234,718,000 |
475,849,000 |
466,136,000 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
165,779,000 |
144,856,000 |
363,387,000 |
322,157,000 |
|
Gross Profit |
107,958,000 |
89,862,000 |
112,462,000 |
143,979,000 |
|
Wages And Salaries |
34,179,000 |
34,149,000 |
42,581,000 |
44,648,000 |
|
Directors Emoluments |
938,000 |
1,289,000 |
1,785,000 |
2,640,000 |
|
Operating Profit |
21,010,000 |
13,967,000 |
41,367,000 |
45,362,000 |
|
Depreciation |
1,364,000 |
959,000 |
912,000 |
832,000 |
|
Audit Fees |
120,000 |
120,000 |
30,000 |
56,000 |
|
Interests Payments |
25,806,000 |
28,370,000 |
30,168,000 |
33,863,000 |
|
Pre Tax Profit |
8,678,000 |
8,253,000 |
19,676,000 |
19,705,000 |
|
Taxation |
-2,208,000 |
-6,030,000 |
-6,642,000 |
1,272,000 |
|
Profit After Tax |
6,470,000 |
2,223,000 |
13,034,000 |
20,977,000 |
|
Dividends Payable |
25,000,000 |
0 |
0 |
0 |
|
Retained Profit |
-18,530,000 |
2,223,000 |
13,034,000 |
20,977,000 |
|
Balance Sheet |
|
|
|
|
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Tangible Assets |
575,864,000 |
587,068,000 |
618,461,000 |
639,137,000 |
|
Intangible Assets |
47,045,000 |
45,608,000 |
44,683,000 |
44,409,000 |
|
Total Fixed
Assets |
622,909,000 |
632,676,000 |
663,144,000 |
683,546,000 |
|
Stock |
691,000 |
529,000 |
2,266,000 |
733,000 |
|
Trade Debtors |
23,563,000 |
19,086,000 |
22,568,000 |
26,392,000 |
|
Cash |
535,000 |
2,609,000 |
21,474,000 |
76,156,000 |
|
Other Debtors |
81,797,000 |
82,885,000 |
107,883,000 |
95,219,000 |
|
Miscellaneous
Current Assets |
4,385,000 |
4,092,000 |
819,000 |
3,547,000 |
|
Total Current
Assets |
110,971,000 |
109,201,000 |
155,010,000 |
202,047,000 |
|
Trade
Creditors |
2,891,000 |
2,734,000 |
4,722,000 |
4,201,000 |
|
Bank Loans and
Overdraft |
49,667,000 |
0 |
20,803,000 |
3,715,000 |
|
Other Short Term
Finance |
203,413,000 |
91,052,000 |
99,265,000 |
99,233,000 |
|
Miscellaneous
Current Liabilities |
24,125,000 |
17,551,000 |
26,006,000 |
30,368,000 |
|
Total Current
Liabilities |
280,096,000 |
111,337,000 |
150,796,000 |
137,517,000 |
|
Bank Loans and
Overdrafts LTL |
422,641,000 |
535,694,000 |
602,393,000 |
628,100,000 |
|
Other Long
Term Finance |
361,980,000 |
525,519,000 |
10,470,000 |
461,000 |
|
Total Long Term
Liabilities |
372,974,000 |
535,694,000 |
581,590,000 |
624,385,000 |
|
|
|
|
|
|
|
Capital & Reserves |
|
|
|
|
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Called Up Share Capital |
1,000 |
1,000 |
1,000 |
1,000 |
|
P and L Account Reserve |
84,460,000 |
103,145,000 |
85,767,000 |
-41,813,000 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
-3,651,000 |
-8,300,000 |
0 |
165,503,000 |
|
Shareholders Funds |
80,810,000 |
94,846,000 |
85,768,000 |
123,691,000 |
|
|
|
|
|
|
|
Other Financial Items |
|
|
|
|
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Net Worth |
33,765,000 |
49,238,000 |
41,085,000 |
79,282,000 |
|
Working Capital |
-169,125,000 |
-2,136,000 |
4,214,000 |
64,530,000 |
|
Total Assets |
733,880,000 |
741,877,000 |
818,154,000 |
885,593,000 |
|
Total Liabilities |
653,070,000 |
647,031,000 |
732,386,000 |
761,902,000 |
|
Cash Flow |
|
|
|
|
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group:
No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group:
No |
|
Net Cash Flow
from Operations |
41,928,000 |
34,572,000 |
51,826,000 |
89,502,000 |
|
Net Cash Flow
before Financing |
11,245,000 |
24,252,000 |
53,961,000 |
19,004,000 |
|
Net Cash Flow
from Financing |
-62,986,000 |
-43,117,000 |
-108,643,000 |
47,746,000 |
|
Increase in
Cash |
-2,074,000 |
-18,865,000 |
-54,682,000 |
66,750,000 |
|
Miscellaneous |
|
|
|
|
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Capital
Employed |
453,784,000 |
630,540,000 |
667,358,000 |
748,076,000 |
|
Financial Ratios |
|
|
|
|
|
|
|
|
|
|
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Pre Tax Profit
Margin |
3.17% |
3.52 % |
4.13% |
4.23 % |
|
Current Ration |
0.40 |
0.98 |
1.03 |
1.47 |
|
Sales or Net
Working Capital |
-1.62 |
-109.89 |
112.92 |
7.22 |
|
Gearing |
523.01 % |
564.80 % |
702.35 % |
507.80 % |
|
Equity |
11.77 % |
13.62 % |
11.09 % |
14.70% |
|
Creditor Days |
3.84 |
4.23 |
3.61 |
3.28 |
|
Debtor Days |
31.33 |
29.59 |
17.26 |
20.60 |
|
Liquidity or
Acid test |
0.39 |
0.97 |
1.01 |
1.46 |
|
Return on
Capital Employed |
1.91 % |
1.30 % |
2.94 % |
2.63 % |
|
Return on
Total Assets Employed |
1.18% |
1.11 % |
2.40 % |
2.22 % |
|
Current Debt
Ratio |
3.46 % |
1.17% |
1.75 % |
1.11 % |
|
Total Debt
Ratio |
8.08 % |
6.82 % |
8.53 % |
6.15% |
|
Stock Turnover
Ratio |
0.25 % |
0.22 % |
0.47 % |
0.15% |
|
Return on Net
Assets Employed |
10.73 % |
8.70 % |
22.94 % |
15.93% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.97 |
|
UK Pound |
1 |
Rs.97.37 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.