|
Report Date : |
15.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ELEKTA LIMITED |
|
|
|
|
Formerly Known As : |
ELEKTA ONCOLOGY SYSTEMS LTD |
|
|
|
|
Registered Office : |
Linac House, Fleming Way, Crawley, RH10 9RR |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2013 |
|
|
|
|
Date of Incorporation : |
02.09.1996 |
|
|
|
|
Com. Reg. No.: |
03244454 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture and sale of medical capital equipment and associated
software specifically for the treatment of cancer |
|
|
|
|
No. of Employees : |
595 |
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 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 |
Company Name: ELEKTA
LIMITED
Company No: 03244454
Registered Address: LINAC
HOUSE
FLEMING WAY
CRAWLEY
RH10 9RR
Registered Address LINAC
HOUSE
FLEMING WAY
CRAWLEY
RH10 9RR
Trading Address Linac
House
Fleming Way
Crawley
West Sussex
RH10 9RR
Website Address
http://www.elekta.com
Telephone Number 01293544422
TPS No
FPS No
Incorporation Date 02/09/1996
Previous Name ELEKTA
ONCOLOGY SYSTEMS LTD
Type Private
limited with Share Capital
FTSE Index
-
Date of Change 22/07/2003
Filing Date of Accounts 04/10/2013
Currency
GBP
Share Capital
£22,201,001
SIC07 32500
SIC07 Description MANUFACTURE
OF MEDICAL AND DENTAL INSTRUMENTS AND SUPPLIES
Principal Activity
Manufacture and sale
of medical capital equipment and associated software specifically for the
treatment of cancer.
No exact match CCJs are recorded against the company.
Sales in the latest trading period increased 25.5% on the previous
trading period.
Net Worth increased by 25% during the latest trading period.
A 51.8% growth in Total Assets occurred during the latest trading
period.
Pre-tax profits increased by 20.3% compared to the previous trading
period.
The audit report contains no adverse comments.
The company has undergone recent changes in its directorships.
The company is part of a group.
The company was established over 17 years ago.
Total Current Directors 7
Total Current Secretaries
1
Total Previous Directors / Company
Secretaries 24
Name Lutz Hagen Schaefer Date of Birth 10/03/1967
Officers Title Mr Nationality German
Present Appointments 1 Function Director
Appointment Date 05/10/2011
Address Linac House, Fleming Way, Crawley, West Sussex, RH10 9RR
Name Per Hakan Bergstrom Date of Birth 17/01/1956
Officers Title Mr Nationality Swedish
Present Appointments 2 Function Director
Appointment Date 01/10/2001
Address Tryffelstigen 2, Nykoping, S-611 63
Name Johan Axel Edvin Alfred Sedihn Date of Birth 14/05/1965
Officers Title Mr Nationality Swedish
Present Appointments 2 Function Director
Appointment Date 01/11/2005
Address Wimlands Wimlands Lane, Faygate, Horsham, West Sussex, RH12 4SP
Name William Dean Yaeger Date of Birth 22/10/1961
Officers Title Mr Nationality American
Present Appointments 3 Function Director
Appointment Date 27/04/2012
Address Linac House Fleming Way, Crawley, West Sussex, RH10 9RR
Name Thomas Tetley Beazley Date of Birth 26/03/1961
Officers Title Mr Nationality British
Present Appointments 1 Function Director
Appointment Date 08/03/2013
Address Linac House, Fleming Way, Crawley, West Sussex, RH10 9RR
Name David Ian Alexander Date of Birth 10/03/1958
Officers Title Mr Nationality British
Present Appointments 1 Function Director
Appointment Date 08/03/2013
Address Linac House, Fleming Way, Crawley, West Sussex, RH10 9RR
Name Steven Mark Wort Date of Birth 04/04/1963
Officers Title Mr Nationality British
Present Appointments 1 Function Director
Appointment Date 08/03/2013
Address Linac House, Fleming Way, Crawley, West Sussex, RH10 9RR
Name Samantha Cookman Date of Birth -
Officers Title Mrs Nationality
Present Appointments 1 Function Company Secretary
Appointment Date 08/03/2013
Address Linac House, Fleming Way, Crawley, West Sussex, RH10 9RR
Name Currency Share Count Share Type Nominal Value % of Total Share Count
ELEKTA HOLDINGS LTD GBP 22,201,001 ORDINARY 1
100
Date Of Accounts 30/04/13 (%) 30/04/12 (%) 30/04/11 (%) 30/04/10 (%) 30/04/09
Weeks 52 (%) 52 (%) 52 (%) 52 (%) 52
Currency GBP (%) GBP (%) GBP (%) GBP (%) GBP
Consolidated A/cs N (%) N (%) N (%) N (%) N
Turnover £442,470,000 25.5% £352,547,000 15.5% £305,198,000 14.4% £266,820,000 22.2% £218,295,000
Export - - - - - - - - -
Cost of Sales £285,318,000 29.2% £220,892,000 11.7% £197,716,000 18.2% £167,295,000 23.9% £135,000,000
Gross Profit £157,152,000 19.4% £131,655,000 22.5% £107,482,000 8% £99,525,000 19.5% £83,295,000
Wages & Salaries £34,474,000 12.4% £30,663,000 5.2% £29,151,000 14% £25,578,000 10.2% £23,215,000
Directors Emoluments £1,113,000 94.2% £573,000 4.4% £549,000 24.5% £441,000 3% £428,000
Operating Profit £62,521,000 19.9% £52,130,000 72.9% £30,158,000 -10.8% £33,805,000 48% £22,847,000
Depreciation £2,773,000 28.6% £2,157,000 24.8% £1,728,000 1.2% £1,708,000 16.3% £1,468,000
Audit Fees £76,000 -27.6% £105,000 12.9% £93,000 3.3% £90,000 9.8% £82,000
Interest Payments £1,767,000 9.3% £1,617,000 46.3% £1,105,000 48.1% £746,000 -69.5% £2,445,000
Pre Tax Profit £60,876,000 20.3% £50,595,000 73.9% £29,093,000 -12.1% £33,083,000 59.4% £20,751,000
Taxation -£13,209,000 -23.2% -£10,721,000 -51.3% -£7,087,000 22% -£9,085,000 -128.3% -£3,979,000
Profit After Tax £47,667,000 19.5% £39,874,000 81.2% £22,006,000 -8.3% £23,998,000 43.1% £16,772,000
Dividends Payable £25,000,000 - - - - -100% £25,000,000 - -
Retained Profit £22,667,000 -43.2% £39,874,000 81.2% £22,006,000 999.9% -£1,002,000 -106% £16,772,000
Date Of Accounts 30/04/13 (%) 30/04/12 (%) 30/04/11 (%) 30/04/10 (%) 30/04/09
Tangible Assets £11,975,000
-11.1%
£13,466,000
29.7%
£10,381,000
24.3%
£8,349,000
-2.2%
£8,541,000
Intangible Assets £9,602,000 -10.2% £10,687,000 164% £4,048,000 -15% £4,763,000 -13.1% £5,478,000
Total Fixed Assets £21,577,000 -10.7% £24,153,000 67.4% £14,429,000 10% £13,112,000 -6.5% £14,019,000
Stock £38,561,000 52.6% £25,270,000 24.2% £20,347,000 -13.2% £23,447,000 26.6% £18,527,000
Trade Debtors £83,898,000 85% £45,346,000 -23.7% £59,452,000 40.3% £42,373,000 25.1% £33,863,000
Cash £44,998,000 - 0 - 0 - 0 - 0
Other Debtors £162,779,000 18.8% £137,031,000 35.9% £100,835,000 10.8% £90,970,000 16.6% £78,049,000
Miscellaneous Current Assets 0 - 0 - 0 - 0 - 0
Total Current Assets £330,236,000 59% £207,647,000 15% £180,634,000 15.2% £156,790,000 20.2% £130,439,000
Trade Creditors £62,982,000 65.3% £38,094,000 48.5% £25,654,000 18.6% £21,633,000 -14.1% £25,174,000
Bank Loans & Overdrafts 0 -100% £2,216,000 -63.3% £6,046,000 4% £5,811,000 447.2% £1,062,000
Other Short Term Finance £51,578,000 58.7% £32,506,000 13.9% £28,544,000 -19.3% £35,386,000 3.7% £34,107,000
Miscellaneous Current Liabilities £93,652,000 147.2% £37,886,000 -28.9% £53,298,000 13.1% £47,132,000 103.5% £23,165,000
Total Current Liabilities £208,212,000 88.1% £110,702,000 -2.5% £113,542,000 3.3% £109,962,000 31.7% £83,508,000
Bank Loans & Overdrafts and LTL £15,173,000 -13.6% £17,553,000 -19% £21,680,000 -0.9% £21,870,000 27.7% £17,129,000
Other Long Term Finance £13,500,000 - £13,500,000 - £13,500,000 - £13,500,000 - £13,500,000
Total Long Term Liabilities £15,173,000 -1.1% £15,337,000 -1.9% £15,634,000 -2.6% £16,059,000 0% £16,067,000
Date Of Accounts 30/04/13 (%) 30/04/12 (%) 30/04/11 (%) 30/04/10 (%) 30/04/09
Called Up Share Capital £22,201,000 - £22,201,000 - £22,201,000 - £22,201,000 -
£22,201,000
P & L Account Reserve £106,227,000 27.1% £83,560,000 91.3% £43,686,000 101.5% £21,680,000 -4.4% £22,682,000
Revaluation Reserve - - - - - - - - -
Sundry Reserves - - - - - - - - -
Shareholder Funds £128,428,000 21.4% £105,761,000 60.5% £65,887,000 50.1% £43,881,000 -2.2% £44,883,000
Date Of Accounts 30/04/13 (%) 30/04/12 (%) 30/04/11 (%) 30/04/10 (%) 30/04/09
Net Worth £118,826,000 25% £95,074,000 53.7% £61,839,000 58.1%
£39,118,000 -0.7% £39,405,000
Working Capital £122,024,000 25.9% £96,945,000 44.5% £67,092,000 43.3% £46,828,000 -0.2% £46,931,000
Total Assets £351,813,000 51.8% £231,800,000 18.8% £195,063,000 14.8% £169,902,000 17.6% £144,458,000
Total Liabilities £223,385,000 77.2% £126,039,000 -2.4% £129,176,000 2.5% £126,021,000 26.6% £99,575,000
Net Assets £128,428,000 21.4% £105,761,000 60.5% £65,887,000 50.1% £43,881,000 -2.2% £44,883,000
Date Of Accounts 30/04/13 (%) 30/04/12 (%) 30/04/11 (%) 30/04/10 (%) 30/04/09
Contingent Liability YES - YES - YES - YES - YES
Capital Employed £143,601,000 18.6% £121,098,000 48.5% £81,521,000 36% £59,940,000 -1.7% £60,950,000
Number of Employees 595 10.8% 537 4.9% 512 4.9% 488 5.2% 464
Auditors PRICEWATERHOUSECOOPERS LLP
Auditor Comments The audit report contains no adverse comments
Bankers HSBC BANK PLC
Bank Branch Code
Date Of Accounts 30/04/13 30/04/12 30/04/11 30/04/10 30/04/09
Pre-tax profit margin% 13.76
14.35 9.53 12.40 9.51
Current ratio 1.59 1.88 1.59 1.43 1.56
Sales/Net Working Capital 3.63 3.64 4.55 5.70 4.65
Gearing % 11.80 16.60 32.90 49.80 38.20
Equity in % 37.50 47.80 34.50 26.60 32.30
Creditor Days 51.81 39.33 30.59 29.51 41.97
Debtor Days 69.01 46.81 70.90 57.80 56.46
Liquidity/Acid Test 1.40 1.64 1.41 1.21 1.34
Return On Capital Employed % 42.39 41.78 35.68 55.19 34.04
Return On Total Assets Employed % 17.30 21.82 14.91 19.47 14.36
Current Debt Ratio 1.62 1.04 1.72 2.50 1.86
Total Debt Ratio 1.73 1.19 1.96 2.87 2.21
Stock Turnover Ratio % 8.71 7.16 6.66 8.78 8.48
Return on Net Assets Employed % 47.40 47.83 44.15 75.39 46.23
Status History
No Status History found
Event History
Date Description
16/10/2013 New Accounts Filed
16/10/2013 New Accounts Filed
13/09/2013 Annual Returns
15/03/2013 New Board Member Mr D.I. Alexander appointed
15/03/2013 New Board Member Mr T.T. Beazley appointed
12/03/2013 Ms C.G. Regan has resigned as company secretary
12/03/2013 New Board Member Mr S.M. Wort appointed
12/03/2013 New Company Secretary Mrs S. Cookman appointed
13/12/2012 New Accounts Filed
13/12/2012 New Accounts Filed
14/09/2012 Annual Returns
26/07/2012 Mr L.O. Sanden has left the board
04/05/2012 Mr J.R. Boyman has left the board
04/05/2012 New Board Member Mr W.D. Yaeger appointed
24/10/2011 New Board Member Mr L.H. Schaefer appointed
Previous Company Names
Date Previous Name
22/07/2003 ELEKTA ONCOLOGY SYSTEMS LTD
30/01/1997 REFAL 496 LIMITED
Statistics
Group 4 companies
Linkages 28 companies
Countries In 21 countries
Summary
Holding Company ELEKTA HOLDINGS LIMITED
Ownership Status Wholly Owned
Ultimate Holding Company ELEKTA AB (PUBL)
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
ELEKTA AB (PUBL) |
5561704015 |
30.04.2013 |
Y |
|
|
CMSWORLDWIDE INC |
N/A |
- |
- |
|
|
ELEKTA HOLDINGS LIMITED |
02699176 |
30.04.2013 |
N |
|
|
ELEKTA LIMITED |
03244454 |
30.04.2013 |
N |
£442,470,000 |
Exact CCJ Details
No CCJs found
Possible CCJs
Details
There are no possible CCJ details
Writ Details
No writs found
Mortgage Details
Mortgage Type: MORTGAGE
Date Charge
Created: 10/05/00
Date Charge
Registered: 12/05/00
Date Charge
Satisfied: 19/03/01
Status: SATISFIED
Person(s)
Entitled: FRED HUTCHINSON
CANCER RESEARCH CENTER
Amount Secured: ALL MONIES DUE OR
TO BECOME DUE FROMTHE COMPANY TO THE CHARGEE IN RELATION TO THE PURCHASE
AGREEMENT DATED 27 JULY 1999 (AS DEFINED) AND UNDER THIS MORTGAGE
Details: THE EQUIPMENT AND
ALL INSURANCES THEREON SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Creditor Details
Total Number Total
Value
Trade Creditors 0 -
No Creditor Data
Trade Debtors /
Bad Debt Detail
Total Number of Documented Trade Total Value of Documented Trade
Trade Debtors
- -
No Debtor Data
Previous Director/Company Secretaries
Name Current Directorships Previous Directorships
Laurent Leksell 0 4
David Charles Carter 9 44
Jonas Serlachius 0 2
Jonas Serlachius 0 2
Frank Harris Low 0 1
Manfred Sturm 0 4
Manfred Sturm 0 4
Volker Steiber 0 2
Mans Ekelof 0 2
Fritz Harald Nils Bauer 2 3
Fritz Harald Nils Bauer 2 3
Per Gronwall 0 2
Catherine Geraldine Regan 2 24
Adrian Boxwell Leared 0 4
Adrian Boxwell Leared 0 4
Asa Maria Widholm Thunman 0 2
Jeffrey Robert Boyman 1 4
Jeffrey Robert Boyman 1 4
Nils Chriser Sverker Glans 0 1
Samantha Jane Cookman 2 1
Joseph K Jachinowski 0 1
James Peter Hoey 0 1
Lars Olof Sanden 0 1
George Russell Sandars 34 165
Average Invoice
Value £1072.51
Invoices available 104
Paid 53
Outstanding 51
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 40 13 0 0 0
Outstanding 0 1 0 0 50
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.10 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major sections
of this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.