MIRA INFORM REPORT

 

 

Report Date :

22.09.2014

 

IDENTIFICATION DETAILS

 

Name :

OASYA TECHNOLOGIES LIMITED

 

 

Registered Office :

Unit 3 Stratton Business Park Montgomery Way Biggleswade SG18 8UB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.10.2013

 

 

Date of Incorporation :

24.02.1998

 

 

Com. Reg. No.:

03493602

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacturing of plastics and rubber machinery

 

 

No. of Employees :

Not Available

 

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 :

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

REGISTERED NAME & COMPANY SUMMARY

·         Company Name:

·         OASYS TECHNOLOGIES LIMITED

·         Company No:

·         03493602

·         Company Status:

·         Active - Accounts Filed

·         Registered Address:

·         UNIT 3 STRATTON BUSINESS PARK MONTGOMERY WAY BIGGLESWADE SG18 8UB

 

Company Name

OASYS TECHNOLOGIES LIMITED

Company Number

03493602

Registered Address

Unit 3 Stratton Business Park Montgomery Way Biggleswade SG18 8UB

Trading Address

Unit 3 Stratton Business Park Montgomery Way Biggleswade SG18 8UB

 

 

 

 

 

 

 

 

 

 

 

 

 

Website Address

www.oasys.uk.com

 

 

Telephone Number

01767600232

 

 

TPS

no

 

 

Incorporation Date

24.02.1998

Company Status

--

Previous Name

 

Type

Private limited with Share Capital

Date of Change

24.02.1998

Filing Date of Accounts

06.06.2014

 

 

Share Capital

£8,500

SIC03

--

Currency

GBP

SIC03 Description

Manufacturing of plastics and rubber machinery

SIC07

28960

SIC07 Description

Manufacturing of plastics and rubber machinery

Principal Activity

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

Current Directors

Name

Colin Frederick Stokes

Date of Birth

23/06/1948

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

04/01/1999

 

 

Address

Magnolias 33 Wilbury Road, Letchworth, Hertfordshire, SG6 4JW

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Glenn Dimmock

Date of Birth

17/01/1950

Officers Title

Mr

Nationality

British

Present Appointments

11

Function

Director

Appointment Date

28/01/1998

 

 

Address

Braganza 34 Braddons Hill Road East, Torquay, Devon, TQ1 1HB

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Elliot James Lamb

Date of Birth

04/02/1962

Officers Title

Mr

Nationality

British

Present Appointments

14

Function

Director

Appointment Date

28/01/1998

 

 

Address

15 Kirkdale Road, Harpenden, Hertfordshire, AL5 2PT

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Glenn Dimmock

Date of Birth

17/01/1950

Officers Title

Mr

Nationality

British

Present Appointments

11

Function

Company Secretary

Appointment Date

28/01/1998

 

 

Address

Braganza 34 Braddons Hill Road East, Torquay, Devon, TQ1 1HB

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Stephen Gregory Street

22

139

WHALE ROCK SECRETARIES LIMITED

417

1177

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

·    Total Mortgage

·    3

·    Outstanding

·    3

·    Satisfied

·    0

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:

DEED OF CHARGE OVER CREDIT BALANCES

Date Charge Created:

08/04/09

 

 

Date Charge Registered:

18/04/09

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

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) & THE DEBTS REPRESENTEDTHEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF & TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) & INTEREST THEREON BARCLAYS BANK PLCRE OASYS TECHNOLOGIESLIMITED BUSINESS PREMIUM ACCOUNT ACCOUNT NUMBER 93922774

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

07/09/01

 

 

Date Charge Registered:

08/09/01

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

L/H PROPERTY K/A UNITS 11 AND 12 JUBILEE TRADE CENTRE JUBILEE ROAD LETCHWORTH HERTFORDSHIRE

 

Mortgage Type:

DEBENTURE

Date Charge Created:

26/02/98

 

 

Date Charge Registered:

05/03/98

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

GLENN DIMMOCK

GBP

3,000

ORDINARY

1

35.29

ELLIOT JAMES LAMB

GBP

3,000

ORDINARY

1

35.29

COLIN FREDERICK STOKES

GBP

2,500

ORDINARY

1

29.41

 

 

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

259.14

Invoices available

291

Paid

287

Outstanding

4

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

£259.14

Invoices available

291

Paid

287

Outstanding

4

 

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

221

14

20

15

Outstanding

0

0

3

1

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

OASYS TECHNOLOGIES LIMITED

Ownership Status

Ultimately Owned

Ultimate Holding Company

OASYS TECHNOLOGIES LIMITED

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

OASYS TECHNOLOGIES LIMITED

 

03493602

31.10.2013

N

 

OASYS UK LIMITED

 

04646423

31.10.2013

N

 

 

 

FINANCIAL INFORMATION

 

Profit & Loss

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

 

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

 

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

 

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£19,431

-22.4%

£25,043

-3.2%

£25,872

140.3%

£10,765

-17.4%

£13,032

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Tangible Assets

£197,458

-7.6%

£213,667

-10.3%

£238,286

14.2%

£208,743

19.4%

£174,754

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£197,458

-7.6%

£213,667

-10.3%

£238,286

14.2%

£208,743

19.4%

£174,754

Stock

£633,771

-55%

£1,409,435

21.2%

£1,163,174

109.6%

£554,961

-7.3%

£598,952

Trade Debtors

£2,003,089

-12.9%

£2,298,971

9.3%

£2,102,713

36%

£1,545,768

12.2%

£1,378,172

Cash

£26,674

-64.3%

£74,630

91.3%

£39,004

-19.9%

£48,698

-80.7%

£252,239

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£2,663,534

-29.6%

£3,783,036

14.5%

£3,304,891

53.8%

£2,149,427

-3.6%

£2,229,363

Trade Creditors

£1,473,246

-42.1%

£2,546,104

7.9%

£2,360,100

102.8%

£1,163,834

-12.1%

£1,323,734

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£1,473,246

-42.1%

£2,546,104

7.9%

£2,360,100

102.8%

£1,163,834

-12.1%

£1,323,734

Bank Loans & Overdrafts and LTL

£7,041

-31.4%

£10,267

-11.4%

£11,586

58.1%

£7,326

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£7,041

-31.4%

£10,267

-11.4%

£11,586

58.1%

£7,326

-

0

 

Capital & Reserves

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Called Up Share Capital

£8,500

-

£8,500

-

£8,500

-

£8,500

-

£8,500

 

P & L Account Reserve

£1,372,205

-4.2%

£1,431,832

23.1%

£1,162,991

-1.3%

£1,178,510

9.9%

£1,071,883

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£1,380,705

-4.1%

£1,440,332

22.9%

£1,171,491

-1.3%

£1,187,010

9.9%

£1,080,383

 

Other Financial Items

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Net Worth

£1,380,705

-4.1%

£1,440,332

22.9%

£1,171,491

-1.3%

£1,187,010

9.9%

£1,080,383

Working Capital

£1,190,288

-3.8%

£1,236,932

30.9%

£944,791

-4.1%

£985,593

8.8%

£905,629

Total Assets

£2,860,992

-28.4%

£3,996,703

12.8%

£3,543,177

50.3%

£2,358,170

-1.9%

£2,404,117

Total Liabilities

£1,480,287

-42.1%

£2,556,371

7.8%

£2,371,686

102.5%

£1,171,160

-11.5%

£1,323,734

Net Assets

£1,380,705

-4.1%

£1,440,332

22.9%

£1,171,491

-1.3%

£1,187,010

9.9%

£1,080,383

 

Cash Flow

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/10/13

(%)

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,387,746

-4.3%

£1,450,599

22.6%

£1,183,077

-0.9%

£1,194,336

10.5%

£1,080,383

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

 

 

Auditor Comments

The company is exempt from audit

 

Bankers

 

 

Bank Branch Code

 

Ratios

 

Date Of Accounts

31/10/13

31/10/12

31/10/11

31/10/10

31/10/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.81

1.49

1.40

1.85

1.68

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0.50

0.70

1

0.60

0

Equity in %

48.30

36

33.10

50.30

44.90

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.37

0.93

0.90

1.37

1.23

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

1.06

1.76

2.01

0.98

1.22

Total Debt Ratio

1.07

1.77

2.02

0.98

1.22

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Enquiries Trend

There have been 70 enquiries in the last 12 months.

There are an average of 6 reports taken each month.

 

 

Event History

Date

Description

11/06/2014

New Accounts Filed

27/01/2014

Annual Returns

12/06/2013

New Accounts Filed

29/01/2013

Annual Returns

04/08/2012

New Accounts Filed

08/02/2012

Annual Returns

19/04/2011

New Accounts Filed

12/02/2011

Annual Returns

24/11/2010

Change in Reg.Office

24/11/2010

Change of Company Postcode

25/06/2010

New Accounts Filed

23/02/2010

Annual Returns

27/08/2009

New Accounts Filed

01/02/2009

Annual Returns

03/09/2008

New Accounts Filed

 

Limit History

Date

Limit

 

 

03/09/2014

£75,000

 

 

24/08/2014

£50,000

 

 

 

A new rating system was introduced on 24/08/2014.

11/06/2014

£110,000

 

 

24/01/2014

£115,000

 

 

12/06/2013

£120,000

 

 

Show more

22/02/2010

£100,000

 

 

27/08/2009

£90,000

 

 

26/08/2009

£55,000

 

 

27/04/2009

£80,000

 

 

03/03/2009

£85,000

 

 

Previous Company Names

Date

Previous Name

24/02/1998

LAWGRA (NO.466) LIMITED

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

 

There is insufficient data to indicate a change in this company's percentage of sales.

 

There is insufficient data to indicate a change in this company's pre-tax profit.

 

 

Net Worth decreased by 4.1% during the latest trading period.

 

A 28.4% decline in Total Assets occurred during the latest trading period.

 

The company saw a decrease in their Cash Balance of 64.3% during the latest trading period.

 

The company is exempt from audit.

 

No recent changes in directorship are recorded.

 

The company is part of a group.

 

The movement in accumulated earnings would indicate that the company incurred a loss after tax and other appropriations, including dividends.

 

The company was established over 16 years ago.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.80

UK Pound

1

Rs.100.06

Euro

1

Rs.78.46

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.