MIRA INFORM REPORT

 

 

Report Date :

24.09.2014

 

IDENTIFICATION DETAILS

 

Name :

OXFORD INSTRUMENTS OVERSEAS MARKETING LIMITED

 

 

Formerly Known As :

LINK MARKETING LIMITED

 

 

Registered Office :

Tubney Woods Abingdon Oxon OX13 5QX

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

31.08.1989

 

 

Com. Reg. No.:

02418844

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

·         Business support Service Activities N.E.C.

The supply of overseas and administration services to oxford instruments plc and its subsidiaries.

 

 

No. of Employees :

18

 

 

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 :

Unknown

 

 

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 and Address

 

Company Name:          OXFORD INSTRUMENTS OVERSEAS MARKETING LIMITED

Company No:               02418844

Registered Address:     TUBNEY WOODS ABINGDON OXON OX13 5QX

 

 

Company Summary

 

Registered Address:     TUBNEY WOODS ABINGDON OXON OX13 5QX

Trading Address:         TUBNEY WOOD ABINGDON OXFORDSHIRE OX13 5QX

Website:                      http://www.oxford-instruments.com

Telephone Number:     01865393200

Fax Number:                No

TPS                              No

Incorporation Date:      31/08/1989

Previous Name:           Link Marketing Limited

Type:                           Private Limited with Share Capital

FTSE Index                  --

Date of Change            11/12/1996

Filing Date of Accounts 03/12/2013

Currency                      GBP

Share Capital              £35,000

SIC07   82990

Charity Number           --

SIC07 Description:       Business support Service Activities N.E.C.

Principal Activity:        The supply of overseas and administration services to oxford instruments plc and its  subsidiaries.

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

9

 

Current Directors

Name

David Mckenny Scott

Date of Birth

29/06/1952

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/12/2004

 

 

Address

23 Germnder Way, Bicester, Oxon, OX26 3WB

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Kevin James Boyd

Date of Birth

02/09/1964

Officers Title

Mr

Nationality

British

Present Appointments

33

Function

Director

Appointment Date

01/02/2007

 

 

Address

Tubney Woods, Abingdon, Oxon, OX13 5QX

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

David Jonathan Flint

Date of Birth

08/02/1961

Officers Title

Mr

Nationality

British

Present Appointments

9

Function

Director

Appointment Date

06/07/2005

 

 

Address

Tubney Woods, Abingdon, Oxon, OX13 5QX

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Susan Karen Johnson-Brett

Date of Birth

27/12/1961

Officers Title

Ms

Nationality

British

Present Appointments

27

Function

Company Secretary

Appointment Date

15/01/2007

 

 

Address

Tubney Woods, Abingdon, Oxon, OX13 5QX

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Daniel Weidenbaum

8

12

Della Louise Gorham

2

27

Martin Lamaison

1

27

Andrew John MacKintosh

1

30

Ronald Anthony Jones

0

3

Peter Michael Williams

3

25

Robert Anthony Sareen

0

10

Joanne Louise Young

0

26

Alexandra Louise Stafford Brown

1

16

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage  0

Outstanding                   0

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

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

OXFORD INSTRUMENTS HOLDINGS INC.

GBP

35,000

ORDINARY

1

100

 

 

PAYMENT INFORMATION

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade         0

Total Value of Documented Trade            £0

 

 

Trade Payment Information

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

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

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

 

 

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

 

 

 

 

 

Outstanding

 

 

 

 

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

33 companies

Linkages

16 companies

Countries

In 5 countries

 

Summary

Holding Company

-

Ownership Status

Wholly Owned

Ultimate Holding Company

OXFORD INSTRUMENTS PLC

 

Group structure

Statistics

Group

33 companies

Linkages

16 companies

Countries

In 5 countries

 

Other Linked companies

Name

 

Number

Latest Key Financials

Turnover

OXFORD INSTRUMENTS ANALYTICAL OY

 

18372152

31.03.2013

€6,029,109

OXFORD INSTRUMENTS GMBH

 

HRB 21599

31.03.2013

€30,259,907

OXFORD INSTRUMENTS HOLDINGS GMBH

 

HRB 25561

31.03.2012

 

OXFORD INSTRUMENTS NORDISKA AB

 

5567492342

31.03.2013

19,916 KSEK

OMICRON NANOTECHNOLOGY USA

 

 

-

$8,000,000

OMNIPROBE, INC

 

 

-

$4,900,000

OXFORD INSTRUMENTS X-RAY TECHNOLOGY INC

 

 

-

$200,000

PLATINUM MEDICAL IMAGING LLC

 

 

-

$190,000

APOGEE IMAGING SYSTEMS, INC

 

 

-

 

BITPLANE INC

 

 

-

 

OXFORD INSTRUMENTS SERVICE LLC

 

 

-

 

OXFORD SUPERCONDUCTING TECHNOLOGY LP

 

 

-

$70,000,000

OXFORD INSTRUMENTS AMERICA, INC

 

 

-

$9,522,000

ASYLUM RESEARCH CORP

 

 

-

 

OXFORD INSTRUMENTS SUPERCONDUCTIVITY WIRE LLC

 

 

-

 

OXDORF INSTRUENTS OVERSEAS HOLDINGS LTD.

 

 

-

 

 

 

FINANCIAL INFORMATION

 

 

Profit & Loss

 

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

 

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

-

-

-

-100%

£788,000

-

-

-

-

Gross Profit

-

-

-

-

-£788,000

-

-

-

-

Wages & Salaries

£756,000

17.8%

£642,000

-18.5%

£788,000

-37%

£1,251,000

3.4%

£1,210,000

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

£53,000

35.9%

£39,000

-48.7%

£76,000

-

-

-

-

Depreciation

£1,000

-

£1,000

-

-

-

£34,000

999.9%

£2,000

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-100%

£3,000

-

-

-

-

-

-

Pre Tax Profit

£53,000

47.2%

£36,000

-52.6%

£76,000

-41.1%

£129,000

338.9%

-£54,000

Taxation

-

100%

-£2,000

-110%

£20,000

-

-

100%

-£23,000

Profit After Tax

£53,000

55.9%

£34,000

-64.6%

£96,000

-25.6%

£129,000

267.5%

-£77,000

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£53,000

55.9%

£34,000

-64.6%

£96,000

-25.6%

£129,000

267.5%

-£77,000

 

 

Balance Sheet

 

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Tangible Assets

£4,000

-55.6%

£9,000

50%

£6,000

-

0

-

0

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£4,000

-55.6%

£9,000

50%

£6,000

-

0

-

0

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

0

-

0

-

0

-

0

-

0

Cash

0

-

0

-

0

-100%

£146,000

97.3%

£74,000

Other Debtors

£1,278,000

-6.5%

£1,367,000

-6.1%

£1,456,000

682.8%

£186,000

-12.7%

£213,000

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,278,000

-6.5%

£1,367,000

-6.1%

£1,456,000

338.6%

£332,000

15.7%

£287,000

Trade Creditors

0

-

0

-

0

-

0

-

0

Bank Loans & Overdrafts

£903,000

-14.4%

£1,055,000

-11.4%

£1,191,000

658.6%

£157,000

-32.9%

£234,000

Other Short Term Finance

0

-

0

-

0

-

0

-100%

£7,000

Miscellaneous Current Liabilities

£21,000

31.3%

£16,000

-

0

-

0

-

0

Total Current Liabilities

£924,000

-13.7%

£1,071,000

-10.1%

£1,191,000

658.6%

£157,000

-34.9%

£241,000

 

Bank Loans & Overdrafts and LTL

£903,000

-14.4%

£1,055,000

-11.4%

£1,191,000

658.6%

£157,000

-32.9%

£234,000

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

Capital & Reserves

 

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Called Up Share Capital

£35,000

-

£35,000

-

£35,000

-

£35,000

-

£35,000

P & L Account Reserve

£323,000

19.6%

£270,000

14.4%

£236,000

68.6%

£140,000

999.9%

£11,000

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£358,000

17.4%

£305,000

12.5%

£271,000

54.9%

£175,000

280.4%

£46,000

 

 

Other Financial Items

 

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Net Worth

£358,000

17.4%

£305,000

12.5%

£271,000

54.9%

£175,000

280.4%

£46,000

Working Capital

£354,000

19.6%

£296,000

11.7%

£265,000

51.4%

£175,000

280.4%

£46,000

Total Assets

£1,282,000

-6.8%

£1,376,000

-5.9%

£1,462,000

340.4%

£332,000

15.7%

£287,000

Total Liabilities

£924,000

-13.7%

£1,071,000

-10.1%

£1,191,000

658.6%

£157,000

-34.9%

£241,000

Net Assets

£358,000

17.4%

£305,000

12.5%

£271,000

54.9%

£175,000

280.4%

£46,000

 

 

Cash Flow

 

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£358,000

17.4%

£305,000

12.5%

£271,000

54.9%

£175,000

280.4%

£46,000

Number of Employees

18

-5.3%

19

-5%

20

-63%

54

-28.9%

76

 

Auditors

KPMG AUDIT PLC

 

Auditor Comments

The audit report contains no adverse comments

 

Bankers

 

 

Bank Branch Code

 

 

 

Ratios

 

 

Date Of Accounts

31/03/13

31/03/12

31/03/11

31/03/10

31/03/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.38

1.28

1.22

2.11

1.19

Sales/Net Working Capital

-

-

-

-

-

Gearing %

252.20

345.90

439.50

89.70

508.70

Equity in %

27.90

22.20

18.50

52.70

16

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.38

1.27

1.22

2.11

1.19

Return On Capital Employed %

14.80

11.80

28.04

73.71

-117.39

Return On Total Assets Employed %

4.13

2.61

5.19

38.85

-18.81

Current Debt Ratio

2.58

3.51

4.39

0.89

5.23

Total Debt Ratio

2.58

3.51

4.39

0.89

5.23

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

14.80

11.80

28.04

73.71

-117.39

 

 

FOREIGN EXCHANGE RATES

 

NA

 

 

ADDITIONAL INFORMATION

 

Status History

No Status History found

 

Event History

Date

Description

09/08/2014

Annual Returns

12/12/2013

New Accounts Filed

12/12/2013

New Accounts Filed

03/08/2013

Annual Returns

04/12/2012

New Accounts Filed

04/12/2012

New Accounts Filed

04/08/2012

Annual Returns

23/12/2011

New Accounts Filed

01/08/2011

Annual Returns

06/05/2011

New Board Member Mr D.J. Flint appointed

14/10/2010

New Accounts Filed

07/08/2010

Annual Returns

05/01/2010

New Accounts Filed

26/07/2009

Annual Returns

27/02/2009

New Company Secretary Ms S.K. Johnson-Brett appointed

 

 

Previous Company Names

 

Date

Previous Name

11/12/1996

LINK MARKETING LIMITED

07/11/1989

MUTANDERIS (65) LIMITED

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

Net Worth increased by 17.4% during the latest trading period.

A 6.8% decline in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 47.2% compared to the previous trading period.

 

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

The audit report contains no adverse comments.

No recent changes in directorship are recorded.

The company is part of a group.

The company was established over 24 years ago.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.87

UK Pound

1

Rs.99.63

Euro

1

Rs.78.23

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

NIT

 

               

RATING EXPLANATIONS

 

RATING

STATUS

PROPOSED CREDIT LINE

 

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

 

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

 

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

 

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

 

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

 

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

 

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

Credit not recommended

 

--

NB

New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                 Payment record (10%)

Credit history (10%)                    Market trend (10%)                                Operational size (10%)

 

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