MIRA INFORM REPORT

 

 

Report Date :

30.09.2014

 

IDENTIFICATION DETAILS

 

Name :

THREADNEEDLE ASSET MANAGEMENT LIMITED

 

 

Formerly Known As :

ZURICH SCUDDER INVESTMENTS LIMITED

 

 

Registered Office :

60 St. Mary Axe London EC3A 8JQ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

22.10.1956

 

 

Com. Reg. No.:

00573204

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

·         Security and Commodity Contracts Dealing Activities.

Investment Management and Related Activities.

 

 

No. of Employees :

153

 

 

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

 

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name:            THREADNEEDLE ASSET MANAGEMENT LIMITED

Company No:                00573204

Company Status:           Active - Accounts Filed

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Campbell David Fleming

Date of Birth

17/12/1964

Officers Title

Mr

Nationality

Australian

Present Appointments

37

Function

Director

Appointment Date

11/12/2009

 

 

Address

60 St Mary Axe, London, EC3A 8JQ

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Mark Andrew Burgess

Date of Birth

29/09/1964

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

23/02/2011

 

 

Address

60 St Mary Axe, London, EC3A 8JQ

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Donald Armstrong Jordison

Date of Birth

01/11/1960

Officers Title

Mr

Nationality

British

Present Appointments

57

Function

Director

Appointment Date

29/07/2014

 

 

Address

60 St Mary Axe, London, EC3A 8JQ

 

 

NEGATIVE INFORMATION

 

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

THREADNEEDLE HOLDINGS LTD

GBP

8,000,000

ORDINARY

1

100

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

69 companies

Linkages

2 companies

Countries

In 2 countries

 

Summary

Holding Company

TC FINANCING LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

AMERICAN EXPRESS SERVICE CORP

 

Group structure

Statistics

Group

69 companies

Linkages

2 companies

Countries

In 2 countries

 

Other Linked companies

Name

Number

Latest Key Financials

Turnover

THREADNEEDLE INVESTMENT SERVICES GMBH

HRB 50786

31.12.2012

 

COLUMBIA MANAGEMENT INVESTMENT ADVISERS LLC

 

-

 

 

 

FINANCIAL INFORMATION

 

 

 

Profit & Loss

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£62,614,000

26.5%

£49,503,000

8%

£45,819,000

26.7%

£36,175,000

-13.9%

£42,031,000

Export

£19,945,000

26.4%

£15,780,000

-3.9%

£16,427,000

43.7%

£11,429,000

13.6%

£10,064,000

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

£43,676,000

-9.4%

£48,191,000

5.6%

£45,657,000

56.7%

£29,136,000

-34.6%

£44,573,000

Directors Emoluments

£805,000

53.3%

£525,000

-43.4%

£927,000

11%

£835,000

-55.1%

£1,859,000

Operating Profit

£14,919,000

219.3%

£4,672,000

23.9%

£3,771,000

120%

-£18,891,000

-643.3%

£3,477,000

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

£25,000

-

£25,000

-35.9%

£39,000

-

£39,000

2.6%

£38,000

Interest Payments

£662,000

98.2%

£334,000

178.3%

£120,000

-29%

£169,000

-83.7%

£1,035,000

Pre Tax Profit

£14,519,000

224.2%

£4,478,000

18.4%

£3,782,000

119.9%

-£18,984,000

-557.9%

£4,146,000

Taxation

-£4,207,000

-36.2%

-£3,088,000

-35.4%

-£2,280,000

-139%

£5,842,000

999.9%

-£329,000

Profit After Tax

£10,312,000

641.9%

£1,390,000

-7.5%

£1,502,000

111.4%

-£13,142,000

-444.3%

£3,817,000

Dividends Payable

-

-100%

£5,000,000

-

-

-

-

-100%

£10,000,000

Retained Profit

£10,312,000

385.7%

-£3,610,000

-340.3%

£1,502,000

111.4%

-£13,142,000

-112.6%

-£6,183,000

 

 

Balance Sheet

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Tangible Assets

0

-

0

-

0

-

0

-

0

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

0

-

0

-

0

-

0

-

0

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

£19,534,000

29.7%

£15,060,000

16.7%

£12,904,000

84.5%

£6,995,000

-23.1%

£9,102,000

Cash

£83,665,000

33.7%

£62,559,000

83.1%

£34,173,000

7.9%

£31,668,000

-5.8%

£33,624,000

Other Debtors

£18,885,000

109.7%

£9,006,000

-28%

£12,500,000

30.8%

£9,556,000

418.2%

£1,844,000

Miscellaneous Current Assets

0

-100%

£1,000,000

-

£1,000,000

1%

£990,000

316%

£238,000

Total Current Assets

£122,084,000

39.3%

£87,625,000

44.7%

£60,577,000

23.1%

£49,209,000

9.8%

£44,808,000

Trade Creditors

0

-100%

£44,000

-2.2%

£45,000

-

0

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

£64,624,000

37.4%

£47,024,000

183%

£16,617,000

35.8%

£12,233,000

32.2%

£9,253,000

Miscellaneous Current Liabilities

£20,441,000

26.9%

£16,106,000

-20%

£20,135,000

51.3%

£13,310,000

158.7%

£5,144,000

Total Current Liabilities

£85,065,000

34.7%

£63,174,000

71.7%

£36,797,000

44.1%

£25,543,000

77.4%

£14,397,000

Bank Loans & Overdrafts and LTL

£529,000

-82.6%

£3,033,000

-68.3%

£9,570,000

-12.7%

£10,958,000

140.3%

£4,561,000

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£529,000

-82.6%

£3,033,000

-68.3%

£9,570,000

-12.7%

£10,958,000

140.3%

£4,561,000

 

 

Capital & Reserves

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Called Up Share Capital

£8,000,000

-

£8,000,000

-

£8,000,000

-

£8,000,000

-

£8,000,000

P & L Account Reserve

£28,490,000

112.3%

£13,418,000

116.1%

£6,210,000

31.9%

£4,708,000

-73.6%

£17,850,000

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£36,490,000

70.4%

£21,418,000

50.7%

£14,210,000

11.8%

£12,708,000

-50.8%

£25,850,000

 

 

Other Financial Items

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Worth

£36,490,000

70.4%

£21,418,000

50.7%

£14,210,000

11.8%

£12,708,000

-50.8%

£25,850,000

Working Capital

£37,019,000

51.4%

£24,451,000

2.8%

£23,780,000

0.5%

£23,666,000

-22.2%

£30,411,000

Total Assets

£122,084,000

39.3%

£87,625,000

44.7%

£60,577,000

23.1%

£49,209,000

9.8%

£44,808,000

Total Liabilities

£85,594,000

29.3%

£66,207,000

42.8%

£46,367,000

27%

£36,501,000

92.5%

£18,958,000

Net Assets

£36,490,000

70.4%

£21,418,000

50.7%

£14,210,000

11.8%

£12,708,000

-50.8%

£25,850,000

 

 

Cash Flow

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

£37,019,000

51.4%

£24,451,000

2.8%

£23,780,000

0.5%

£23,666,000

-22.2%

£30,411,000

Number of Employees

153

7%

143

1.4%

141

0.7%

140

-14.6%

164

Auditors

PRICEWATERHOUSECOOPERS LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

LLOYDS TSB BANK PLC

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/12/12

31/12/11

31/12/10

31/12/09

31/12/08

Pre-tax profit margin %

23.19

9.05

8.25

-52.48

9.86

Current ratio

1.44

1.39

1.65

1.93

3.11

Sales/Net Working Capital

1.69

2.02

1.93

1.53

1.38

Gearing %

1.40

14.20

67.30

86.20

17.60

Equity in %

29.90

24.40

23.50

25.80

57.70

Creditor Days

-

0.32

0.35

-

-

Debtor Days

113.55

110.73

102.51

70.38

78.82

Liquidity/Acid Test

1.43

1.38

1.64

1.92

3.11

Return On Capital Employed %

39.22

18.31

15.90

-80.21

13.63

Return On Total Assets Employed %

11.89

5.11

6.24

-38.57

9.25

Current Debt Ratio

2.33

2.94

2.58

2

0.55

Total Debt Ratio

2.34

3.09

3.26

2.87

0.73

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

39.78

20.90

26.61

-149.38

16.03

 

 

FOREIGN EXCHANGE RATES

 

N/A

 

 

ADDITIONAL INFORMATION

 

Current Company Secretary

Name

Alan Kaye

Date of Birth

06/09/1951

Officers Title

Mr

Nationality

British

Present Appointments

44

Function

Company Secretary

Appointment Date

06/03/1997

 

 

Address

60 St Mary Axe, London, EC3A 8JQ

 

Status History

No Status History found

 

Event History

Date

Description

05/09/2014

Mr T.N. Gillbanks has left the board

04/08/2014

New Board Member Mr D.A. Jordison appointed

03/07/2014

Mr P.J. Reed has left the board

06/05/2014

Annual Returns

19/09/2013

New Accounts Filed

08/05/2013

Annual Returns

07/03/2013

Mr C.J. Henderson has left the board

16/07/2012

New Accounts Filed

08/05/2012

Annual Returns

28/09/2011

New Accounts Filed

28/09/2011

New Accounts Filed

11/05/2011

Annual Returns

01/03/2011

Ms S.F. Arkle has left the board

01/03/2011

New Board Member Mr M.A. Burgess appointed

14/12/2010

Mr J. Devine has left the board

 

 

Previous Company Names

 

Date

Previous Name

14/01/2002

ZURICH SCUDDER INVESTMENTS LIMITED

05/02/2001

SCUDDER THREADNEEDLE INVESTMENTS LIMITED

30/11/1999

THREADNEEDLE INVESTMENT MANAGERS LIMITED

03/05/1994

EAGLE STAR INVESTMENT MANAGERS LIMITED

30/01/1987

NODIV LIMITED

 

 

Mortgage Details

 

Mortgage Type:

DEED OF ADMISSION TO AN OMNIBUS LETTER OF SET-OFF

Date Charge Created:

23/03/11

 

 

Date Charge Registered:

06/04/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE COMPANIES NAMED THEREIN TOTHE CHARGEE ON ANYACCOUNT WHATSOEVER

Details:

ANY SUM STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIESOR ANY OF THEM WITH THE BANK (INCLUDING ANY ACCOUNTS HELD IN THE BANK\S NAME WITH ANY DESIGNATION WHICH INCLUDES THE NAME(S) OF THE COMPANIES OR ANY OF THEM) WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

 

Mortgage Type:

DEED OF ADMISSION TO AN OMNIBUS LETTER OF SET-OFF DATED 3RD JULY 2006 AND

Date Charge Created:

26/05/09

 

 

Date Charge Registered:

09/06/09

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE COMPANIES NAMED THEREIN TOTHE CHARGEE ON ANYACCOUNT WHATSOEVER

Details:

ANY SUM STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIESOR ANY OF THEM WITH THE BANK (INCLUDING ANY ACCOUNTS HELD IN THE BANK\S NAME WITH ANY DESIGNATION WHICH INCLUDES THE NAME(S) OF THE COMPANIES OR ANY OF THEM) WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

 

Mortgage Type:

DEED OF ADMISSION TO AN OMNIBUS LETTER OF SET-OFF DATED 3 JULY 2006 AND

Date Charge Created:

09/09/08

 

 

Date Charge Registered:

19/09/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

ANY SUM STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIESOR ANY OF THEM WITH THE BANK (INCLUDING ANY ACCOUNTS HELD IN THE BANK\S NAME WITH ANY DESIGNATION WHICH INCLUDES THE NAME(S) OF THE COMPANIES OR ANY OF THEM) WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

 

Mortgage Type:

DEED OF ADMISSION

Date Charge Created:

13/08/08

 

 

Date Charge Registered:

28/08/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE COMPANIES NAMED THEREIN TOTHE CHARGEE ON ANYACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OREVIDENCING THE CHARGE

Details:

ANY SUM OR SUMS FROM TIME TO TIME STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OF FUTUREACCOUNTS

 

Mortgage Type:

AN OMNIBUS LETTER OF SET-OFF

Date Charge Created:

03/07/06

 

 

Date Charge Registered:

07/07/06

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR THE COMPANY FORMERLY KNOWN AS EAGLE STAR UNIT MANAGERS LIMITED AND/OR THE COMPANY FORMERLY KNOWN AS EAGLE STAR ISA MANAGER LIMITED AND/OR ALL ORANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE UNDER THE TERMS OF THEAFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

ANY SUM STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIESOR ANY OF THEM WITH THE BANK (INCLUDING ANY ACCOUNTS HELD IN THE BANK\S NAME WITH ANY DESIGNATION WHICH INCLUDES THE NAME(S) OF THE COMPANIES OR ANY OF THEM) WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

 

Mortgage Type:

DEED OF ADMISSION TO AN OMNIBUS LETTER OF SET-OFF DATED 28TH JUNE 2004 AND

Date Charge Created:

24/01/05

 

 

Date Charge Registered:

25/01/05

 

 

Date Charge Satisfied:

22/07/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ANY SUM STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OR FUTURE STERLING CURRENT ACCOUNTSOF THE COMPANIES OR ANY OF THEM WITH THE BANK

 

Mortgage Type:

OMNIBUS LETTER OF SET-OFF

Date Charge Created:

28/06/04

 

 

Date Charge Registered:

14/07/04

 

 

Date Charge Satisfied:

22/07/06

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

SUMS STANDING TO THE CREDIT OF ANY ONE OR MORE OF ANY PRESENT OR FUTURE ACCOUNTS OF THE COMPANIES ORANY OF THEM WITH THE BANK

 

Mortgage Type:

GLOBAL CUSTODY AGREEMENT

Date Charge Created:

28/09/94

 

 

Date Charge Registered:

11/10/94

 

 

Date Charge Satisfied:

31/07/99

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

MORGAN GUARANTY TRUST COMPANY OF NEW YORK

Amount Secured:

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

Details:

ANY SUBACCOUNT OF CASH ACCOUNT PAYABLE IN CONNECTION WITH ANY AND ALL OBLIGATIONS ALL RIGHT TITLE AND INTEREST IN AND TO ALL SECURITIES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Forsyth Ferguson McGarrity

0

1

Scott Steven Meech

0

1

John Devine

5

43

David Christopher Ballance

0

3

Norman Joseph Deryck Ames

0

11

Robert Edwin Talbut

6

24

Philip James William Reed

0

21

Crispin John Henderson

2

20

Timothy Nicholas Gillbanks

40

6

Roger Charles Townsend

3

24

Paul Richard Cramp

5

3

Michael Austin Taylor

2

6

James Anthony Wiltshire

5

152

Andrew David Strang

71

118

Nicholas John Kirk

5

34

Paul Victor Falzon Sant Manduca

4

59

Roger John Brignell

2

7

Richard Kenneth Lehman

0

5

Sarah Fiona Arkle

5

6

John Peter Gurney

0

5

Alexander Keith Lyle

0

2

Alan John Ainsworth

2

21

Claire Rosamund Hallgate-Hills

0

37

Jeremy Alexander James Fraser Burnett Rae

8

67

Jeremy Alexander James Fraser Burnett Rae

8

67

Carol Ann Ames

1

9

Douglas James De Brule

0

1

Robert Walter Allen

6

223

Robin Douglas Clark

19

37

Robert Alexander Stirling

4

3

Colin Edward Parker

0

24

Stephen Benedict Cohen

0

9

Kekobad Behram Aga

0

10

Edward Samson Bacon

0

1

Malcolm Nigel Baker

0

4

Michael John Box

0

2

Jonathan Philip Gibbs

0

1

Martin Russell Kraus

0

2

Vanessa Jane Donegan

2

1

Christopher William Lloyd Griffin

0

1

Michael Francis Mullaney

0

1

John David Whiddett

0

2

Dominic Rossi

2

1

Leslie John Hart

2

3

James Gary McGuire

0

1

Graham Bechizza

0

1

Scott Michael Smith

0

1

Simon Howard Davies

8

27

Neil James Richardson

0

1

Martin James Cawthorne

3

1

Malcolm Hugh David Kemp

2

3

Robert William Bourne

1

2

Kenneth William Ballard Inglis

0

27

Keith William Morris

5

17

Anne Dumbreck Robins

0

2

Norman John Sharman

0

14

John Adrian Varcoe Grimshaw

2

9

Ann Elizabeth Hughes

0

2

Thomas William Challenor

3

25

Darrell William Joseph O'Dea

0

3

William David Lowndes

2

24

David Gasparro

5

11

Toby James Winston Foord-Kelcey

1

1

Sandra Louise Holdsworth

0

1

Howard James Maguire

2

5

William Davies

1

2

Stephen William Arnold

1

2

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

 

Sales in the latest trading period increased 26.5% on the previous trading period.

 

Net Worth increased by 70.4% during the latest trading period.

 

A 39.3% growth in Total Assets occurred during the latest trading period.

 

Pre-tax profits increased by 224.2% compared to the previous trading period.

 

 

The company saw an increase in their Cash Balance of 33.7% during the latest 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 57 years ago.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.43

UK Pound

1

Rs.99.73

Euro

1

Rs.77.93

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

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%)

 

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.