MIRA INFORM REPORT

 

 

Report No. :

316715

Report Date :

14.04.2015

 

IDENTIFICATION DETAILS

 

Name :

KM PRODUCTS EUROPE LIMITED

 

 

Formerly Known As :

K. M. PRODUCTS EUROPE LIMITED

 

 

Registered Office :

Aissela 42-50 High Street Esher Surrey KT10 9QY

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

27.11.1992

 

 

Com. Reg. No.:

02768670

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Distribution of spare parts for earthmoving equipment and diesel engines on a world-wide basis

 

 

No. of Employee :

47

 

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 INVESTMENThttps://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png 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 and address

 

KM PRODUCTS EUROPE LIMITED

 

Company No:

02768670

 

Registered Address:

AISSELA 42-50 HIGH STREETESHERSURREYKT10 9QY

 

 

Company Summary

 

Registered Address

AISSELA 42-50 HIGH STREET ESHER SURREY KT10 9QY

Trading Address

Aissela 42-50 High Street Esher Surrey KT10 9QY

Website Address

http://www.kmpbrand.com

 

 

Telephone Number

--

Fax Number

--

TPS

--

FPS

No

Incorporation Date

27/11/1992

 

 

Previous Name

K. M. PRODUCTS EUROPE LIMITED

Type

Private limited with Share Capital

FTSE Index

--

Date of Change

22/09/1997

Filing Date of Accounts

15/04/2014

Currency

GBP

Share Capital

£857,500

SIC07

46140

Charity Number

--

 

 

SIC07 Description

AGENTS INVOLVED IN THE SALE OF MACHINERY, INDUSTRIAL EQUIPMENT, SHIPS AND AIRCRAFT

Principal Activity

Distribution of spare parts for earthmoving equipment and diesel engines on a world-wide basis.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/12/2013

£12,271,377

£1,016,160

£4,021,810

47

31/12/2012

£11,471,195

£888,199

£3,448,777

44

31/12/2011

£10,284,576

£820,340

£2,790,378

40

 

 

Mortgage Summary

 

Total Mortgage             7

Outstanding                 6

Satisfied                       1

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                 1

Total Value of Documented Trade                    £2,964

 

 

Commentary

 

This company has been treated as a Medium company in respect of the rating/limit generated.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company has made late payments on a very high percentage of invoices.

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

This company trades in an industry with a lower level of corporate failures.

 

 

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 -

-

 

 

Total Current Directors

6

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

12

 

 

Current Directors

 

Name

Nigel Lewis Smith

Date of Birth

22/04/1949

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

01/11/1993

Address

54 Durleston Park Drive, Great Bookham, Surrey, KT23 4AJ

 

Name

Joseph Eisenberg

Date of Birth

23/06/1939

Officers Title

Mr

Nationality

British

Present Appointments

8

Function

Director

Appointment Date

27/11/1992

Address

14 Gillespie House, Holloway Drive, Virginia Water, Surrey, GU25 4SU

 

Name

Michael Lea

Date of Birth

28/07/1956

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/09/2003

Address

53 High View Road, Guildford, Surrey, GU2 7RT

 

Name

Virendra Mundra

Date of Birth

10/06/1953

Officers Title

Mr

Nationality

Indian

Present Appointments

2

Function

Director

Appointment Date

01/01/2007

Address

15 Louis Fields, Fairlands, Guildford, Surrey, GU3 3JG

 

Name

David Scrivener

Date of Birth

11/05/1973

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/01/2007

Address

25 Strathcona Gardens, Knaphill, Woking, Surrey, GU21 2AY

 

Name

Khaled Aqrabawi

Date of Birth

27/04/1965

Officers Title

Mr

Nationality

American

Present Appointments

1

Function

Director

Appointment Date

16/04/2012

Address

The Forum Units B And D Hanworth Lane Business Par, Hanworth Lane, Chertsey, Surrey, KT13 9TJ

 

 

Current Company Secretary

 

Name

Nigel Lewis Smith

Date of Birth

22/04/1949

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Company Secretary

Appointment Date

30/09/2003

Address

54 Durleston Park Drive, Great Bookham, Surrey, KT23 4AJ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

KMP HOLDINGS LTD

GBP

857,500

ORDINARY A

1

100

 

 

Profit & Loss

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£12,271,377

7%

£11,471,195

11.5%

£10,284,576

17.7%

£8,735,215

9.2%

£8,000,460

Export

£12,023,440

7.9%

£11,139,476

12.6%

£9,889,721

17.6%

£8,413,148

9.3%

£7,699,046

Cost of Sales

£7,852,142

5%

£7,475,478

8.2%

£6,908,158

16.2%

£5,946,687

10.9%

£5,363,293

Gross Profit

£4,419,235

10.6%

£3,995,717

18.3%

£3,376,418

21.1%

£2,788,528

5.7%

£2,637,167

Wages & Salaries

£2,178,985

14.1%

£1,909,655

24.7%

£1,531,613

9.5%

£1,398,962

9.8%

£1,274,249

Directors Emoluments

£600,739

14.4%

£525,056

28.2%

£409,687

2.2%

£400,865

3.5%

£387,233

Operating Profit

£1,101,421

9.9%

£1,001,862

13%

£886,374

72.5%

£513,937

1.3%

£507,432

Depreciation

£41,337

-4.3%

£43,203

9%

£39,619

-12.8%

£45,450

-6.2%

£48,459

Audit Fees

£17,758

18.4%

£15,000

7.1%

£14,000

9.8%

£12,750

12.1%

£11,370

Interest Payments

£85,261

-25%

£113,663

72.1%

£66,034

92.3%

£34,332

-55%

£76,295

Pre Tax Profit

£1,016,160

14.4%

£888,199

8.3%

£820,340

71%

£479,605

11.2%

£431,168

Taxation

-£243,125

-5.8%

-£229,800

-1.5%

-£226,358

-42.4%

-£158,975

-21.2%

-£131,202

Profit After Tax

£773,035

17.4%

£658,399

10.8%

£593,982

85.3%

£320,630

6.9%

£299,966

Dividends Payable

£200,002

-

-

-

-

-

-

-

-

Retained Profit

£573,033

-13%

£658,399

10.8%

£593,982

85.3%

£320,630

6.9%

£299,966

 

 

Balance Sheet

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Tangible Assets

£955,877

-0.6%

£961,476

1.1%

£950,722

-1.8%

£968,216

-0.9%

£977,243

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£955,877

-0.6%

£961,476

1.1%

£950,722

-1.8%

£968,216

-0.9%

£977,243

Stock

£5,098,549

-0.7%

£5,136,224

8.4%

£4,739,394

26.7%

£3,740,553

19%

£3,143,419

Trade Debtors

£2,408,264

17.6%

£2,048,708

18.4%

£1,730,641

23.2%

£1,405,204

36.5%

£1,029,811

Cash

£629,755

105.1%

£307,083

-52.3%

£643,896

376.3%

£135,197

-40.9%

£228,845

Other Debtors

£413,733

62.4%

£254,823

-15.6%

£301,836

-12.4%

£344,513

154.2%

£135,535

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£8,550,301

10.4%

£7,746,838

4.5%

£7,415,767

31.8%

£5,625,467

24%

£4,537,610

Trade Creditors

£1,700,765

-15.2%

£2,004,712

-11.8%

£2,273,832

24.1%

£1,831,827

107%

£884,732

Bank Loans & Overdrafts

£3,327,856

21.2%

£2,745,704

-3.5%

£2,845,200

35.3%

£2,103,173

14.1%

£1,843,820

Other Short Term Finance

0

-100%

£57,999

-36.4%

£91,164

133.1%

£39,105

-89.7%

£380,014

Miscellaneous Current Liabilities

£442,335

0.8%

£438,869

24.2%

£353,454

-13.6%

£409,320

-20.5%

£515,153

Total Current Liabilities

£5,470,956

4.3%

£5,247,284

-5.7%

£5,563,650

26.9%

£4,383,425

21%

£3,623,719

Bank Loans & Overdrafts and LTL

£3,341,268

21.2%

£2,757,957

-3.5%

£2,857,661

35%

£2,117,035

13.9%

£1,859,188

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£13,412

9.5%

£12,253

-1.7%

£12,461

-10.1%

£13,862

-9.8%

£15,368

.

 

Capital & Reserves

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Called Up Share Capital

£857,500

-

£857,500

-

£857,500

-

£857,500

-

£857,500

P & L Account Reserve

£3,164,310

22.1%

£2,591,277

34.1%

£1,932,878

44.4%

£1,338,896

31.5%

£1,018,266

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£4,021,810

16.6%

£3,448,777

23.6%

£2,790,378

27%

£2,196,396

17.1%

£1,875,766

 

 

Other Financial Items

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Worth

£4,021,810

16.6%

£3,448,777

23.6%

£2,790,378

27%

£2,196,396

17.1%

£1,875,766

Working Capital

£3,079,345

23.2%

£2,499,554

35%

£1,852,117

49.1%

£1,242,042

35.9%

£913,891

Total Assets

£9,506,178

9.2%

£8,708,314

4.1%

£8,366,489

26.9%

£6,593,683

19.6%

£5,514,853

Total Liabilities

£5,484,368

4.3%

£5,259,537

-5.7%

£5,576,111

26.8%

£4,397,287

20.8%

£3,639,087

Net Assets

£4,021,810

16.6%

£3,448,777

23.6%

£2,790,378

27%

£2,196,396

17.1%

£1,875,766

 

 

Miscellaneous

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

£4,035,222

16.6%

£3,461,030

23.5%

£2,802,839

26.8%

£2,210,258

16.9%

£1,891,134

Number of Employees

47

6.8%

44

10%

40

5.3%

38

-

38

 

Auditors

HAINES WATTS

Auditor Comments

The audit report contains no adverse comments

Bankers

HSBC BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/12/13

31/12/12

31/12/11

31/12/10

31/12/09

Pre-tax profit margin %

8.28

7.74

7.98

5.49

5.39

Current ratio

1.56

1.48

1.33

1.28

1.25

Sales/Net Working Capital

3.99

4.59

5.55

7.03

8.75

Gearing %

83.10

80

102.40

96.40

99.10

Equity in %

42.30

39.60

33.40

33.30

34

Creditor Days

50.44

63.61

80.47

76.33

40.25

Debtor Days

71.43

65

61.25

58.55

46.85

Liquidity/Acid Test

0.63

0.49

0.48

0.43

0.38

Return On Capital Employed %

25.18

25.66

29.26

21.69

22.79

Return On Total Assets Employed %

10.68

10.19

9.80

7.27

7.81

Current Debt Ratio

1.36

1.52

1.99

1.99

1.93

Total Debt Ratio

1.36

1.52

1.99

2

1.94

Stock Turnover Ratio %

41.54

44.77

46.08

42.82

39.29

Return on Net Assets Employed %

25.26

25.75

29.39

21.83

22.98

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

17/12/2014

Annual Returns

28/04/2014

New Accounts Filed

12/02/2014

Change in Reg.Office

12/02/2014

Change of Company Postcode

08/01/2014

Annual Returns

13/04/2013

New Accounts Filed

13/04/2013

New Accounts Filed

15/12/2012

Annual Returns

07/08/2012

New Accounts Filed

07/08/2012

New Accounts Filed

13/06/2012

New Board Member Mr K. Aqrabawi appointed

07/12/2011

Annual Returns

03/09/2011

New Accounts Filed

03/09/2011

New Accounts Filed

07/12/2010

Annual Returns

 

 

Previous Company Names

 

Date

Previous Name

22/09/1997

K. M. PRODUCTS EUROPE LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

4 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

KMP HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

INTERNATIONAL HOLDINGS & INVESTMENTS SA

 

 

Group StructureFull

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

tminus INTERNATIONAL HOLDINGS &...

N/A

-

-

tminus KMP HOLDINGS LIMITED

05532942

31.12.2013

Y

£14,719,982

L KM PRODUCTS EUROPE L...

02768670

31.12.2013

N

£12,271,377

L ZIV HOLDING AND INVEST...

05523981

31.12.2013

N

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

18/07/14

Date Charge Registered:

22/07/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK LEUMI (UK) PLC;

Amount Secured:

Details:

LAND K/A UNIT C THE FORUM CHERTSEYCONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINSNEGATIVE PLEDGE.

Mortgage Type:

DEED OF CHARGE OVER CREDIT BALANCES

Date Charge Created:

21/04/05

Date Charge Registered:

04/05/05

Date Charge Satisfied:

04/07/07

Status:

SATISFIED

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:

BARCLAYS BANK PLC RE KM PRODUCTS EUROPELIMITED, US DOLLAR DEPOSIT ACCOUNT, ACCOUNT NUMBER 55452000 THE CHARGE CREATES A FIXED CHARGE OVERALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395(INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) AND 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 AND TO GIVE EFFECTTO THE SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON

 

Mortgage Type:

FIRST PARTY CHARGE OVER CREDIT BALANCES

Date Charge Created:

21/09/00

Date Charge Registered:

23/09/00

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK LEUMI (UK) PLC

Amount Secured:

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

Details:

FIRST FIXED CHARGE ALL MONIES FROM TIMETO TIME HELD TO THE CREDIT OF THE MORTGAGOR BY THE BANK ON ANY CURRENT DEPOSIT OR OTHER ACCOUNT OR ACCOUNTS WHICH THE MORTGAGOR MAY NOW OR HEREAFTER HAVE WITH THE BANK OR UNDER ANY DEPOSIT RECEIPT SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

11/12/95

Date Charge Registered:

13/12/95

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK LEUMI (U.K.) PLC

Amount Secured:

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

Details:

L/H PREMISES K/A UNIT B, THE FORUM, HANWORTH LANE, CHERTSEY, SURREY AND THE PROCEEDS OF SALE THEREOFSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

31/03/93

Date Charge Registered:

15/04/93

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK LEUMI (UK) PLC

Amount Secured:

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

Details:

A CHARGE BY WAY OF LEGAL MORTGAGE OVER UNIT D THE FORUM HANWORTH LANE CHERTSEY SURREY AND ALL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY AND/OR THE PROCEEDS OF SALE THEREOF A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATINGCHARGES OVER UNDERTAKING AND ALLPROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTSAND THE BENEFITS OF ANY LICENCES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

31/03/93

Date Charge Registered:

15/04/93

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK LEUMI (UK) 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/AS UNIT D THE FORUM,HANWORTH LANE,CHERTSEY,SURREY FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

Mortgage Type:

MEMORANDUM OF DEPOSIT

Date Charge Created:

31/03/93

Date Charge Registered:

15/04/93

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANK LEUMI (UK) PLC

Amount Secured:

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

Details:

THE PROPERTY OF THE COMPANY COMPRISED IN THE DEEDS POLICIES SECURITIES CERTIFICATES AND/OR OTHER DOCUMENTS NOW OR FROM TIME TO TIME DEPOSITED WITH THE BANK

 

 

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

1

£2,964

 

 

Company Name

Amount

Statement Date

Park Diesel Services Ltd

£2,964

21/01/2014

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Ettore Raffaelli

2

2

Dennis Gordon Lax

4

6

Dennis Gordon Lax

4

6

Andrea Bonomi

0

1

Chin Lin Chen

0

1

Mahendra Rathor

0

4

Fritz Oppenheimer

4

1

Thim Leong Toh

0

2

Tony David Lax

5

3

Farida Farooqi

4

8

L & A REGISTRARS LIMITED

1318

19224

L & A SECRETARIAL LIMITED

1320

19232

Average Invoice Value

£343.65

Invoices available

597

Paid

567

Outstanding

30

 

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

10

255

220

42

40

Outstanding

0

0

21

6

3

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.39

UK Pound

1

Rs.91.06

Euro

1

Rs.66.16

 

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ANK

 

 

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.