MIRA INFORM REPORT
|
Report No. : |
319162 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
HEXCEL COMPOSITES LIMITED |
|
|
|
|
Formerly Known As : |
COMPOSITE MATERIALS LIMITED |
|
|
|
|
Registered Office : |
Ickleton Road Duxford Cambridge CB 22 4QD |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.06.1995 |
|
|
|
|
Com. Reg. No.: |
03069887 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Development, manufacture and sale of composite materials, primarily to the aerospace and industrial markets |
|
|
|
|
No. of Employee : |
411 |
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 – 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. 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. In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.
|
Source
: CIA |
Company
name and address
HEXCEL COMPOSITES LIMITED
Company No
03069887
Registered Address
ICKLETON ROAD DUXFORDCAMBRIDGECB22 4QD
Company Summary
|
Registered
Address |
ICKLETON
ROAD DUXFORD CAMBRIDGE CB22 4QD |
Trading
Address |
Ickleton
Road Duxford Cambridge Cambridgeshire CB22 4QD |
|
Website
Address |
http://www.hexcel.com |
|
|
|
Telephone
Number |
01223833141 |
Fax Number |
-- |
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
19/06/1995 |
|
|
|
Previous
Name |
COMPOSITE
MATERIALS LIMITED |
Type |
Private
limited with Share Capital |
|
FTSE Index |
-- |
Date of
Change |
01/03/1996 |
|
Filing Date
of Accounts |
12/09/2014 |
Currency |
GBP |
|
Share
Capital |
£35,412,000 |
SIC07 |
32990 |
|
Charity
Number |
-- |
|
|
|
SIC07
Description |
OTHER
MANUFACTURING N.E.C. |
||
|
Principal
Activity |
Development,
manufacture and sale of composite materials, primarily to the aerospace and
industrial markets. |
||
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/12/2013 |
£163,850,000 |
£12,233,000 |
£65,826,000 |
411 |
|
31/12/2012 |
£144,800,000 |
£14,027,000 |
£46,746,000 |
433 |
|
31/12/2011 |
£141,026,000 |
£8,371,000 |
£39,923,000 |
393 |
Mortgage Summary
Total Mortgage 2
Outstanding 0
Satisfied 2
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Commentary
|
This company has been treated as a Large
company in respect of the rating/limit generated. |
|
|
This company's return on total assets employed
ratio indicates a highly efficient use of assets. |
|
|
This company has made late payments on a
medium percentage of invoices. |
|
|
This company's ratio of total liabilities
to total assets indicates the presence of strong equity funding. |
|
|
The company has more cash than short term
bank borrowings. |
|
|
This company trades in an industry with a
moderate 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 - |
2 |
Total Value of Satisfied CCJs - |
£3,899 |
|
Total Number of Writs - |
- |
|
Total Current Directors |
6 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
12 |
Current Directors
|
Name |
Ira Jay Krakower |
Date of Birth |
29/10/1940 |
|
Officers Title |
Nationality |
American |
|
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
28/02/1997 |
||
|
Address |
21 Walworth Avenue Scarsdale, New York
10583, Usa |
||
|
Name |
Peter Thomas Anthony Young |
Date of Birth |
12/08/1952 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
17 |
Function |
Director |
|
Appointment Date |
28/02/1997 |
||
|
Address |
6 Field End, Balsham, Cambridge, CB21 4EL |
||
|
Name |
Paul Dominic MacKenzie |
Date of Birth |
25/05/1959 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
02/07/2013 |
||
|
Address |
Ickleton Road Duxford, Cambridge, CB22 4QD |
||
|
Name |
Wayne Charles Pensky |
Date of Birth |
14/08/1955 |
|
Officers Title |
Mr |
Nationality |
American |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
27/04/2007 |
||
|
Address |
39 Nathan Hale Drive, Stamford, Ct 06902 |
||
|
Name |
Patrick Joseph Winterlich |
Date of Birth |
03/09/1969 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
9 |
Function |
Director |
|
Appointment Date |
01/04/2009 |
||
|
Address |
The Garden House Thrapston Road, Ellington,
Cambridge, Cambridgeshire, PE28 0AE |
||
|
Name |
Thierry Philippe Merlot |
Date of Birth |
23/03/1960 |
|
Officers Title |
Mr |
Nationality |
French |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
02/07/2013 |
||
|
Address |
Ickleton Road Duxford, Cambridge, CB22 4QD |
||
Current Company Secretary
|
Name |
Peter Thomas Anthony Young |
Date of Birth |
12/08/1952 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
17 |
Function |
Company Secretary |
|
Appointment Date |
13/07/1995 |
||
|
Address |
Ickleton Road Duxford, Cambridge, CB22 4QD |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
|
|
HEXCEL (UK) LTD |
GBP |
35,392,000 |
ORDINARY |
1 |
|
HEXCEL (UK) LTD |
USD |
200,000 |
ORDINARY BEARER |
0.1 |
Unable to report percentage holdings as filed
Shareholder listing is not full.
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 |
£163,850,000 |
13.2% |
£144,800,000 |
2.7% |
£141,026,000 |
16.5% |
£121,008,000 |
13.6% |
£106,496,000 |
|
Export |
£116,682,000 |
14.1% |
£102,219,000 |
18.4% |
£86,369,000 |
- |
- |
- |
£66,472,000 |
|
Cost of Sales |
£140,501,000 |
16.6% |
£120,479,000 |
-0.4% |
£121,000,000 |
15.1% |
£105,131,000 |
4.9% |
£100,217,000 |
|
Gross Profit |
£23,349,000 |
-4% |
£24,321,000 |
21.4% |
£20,026,000 |
26.1% |
£15,877,000 |
152.9% |
£6,279,000 |
|
Wages & Salaries |
£22,584,000 |
9.6% |
£20,602,000 |
9.6% |
£18,793,000 |
12.3% |
£16,732,000 |
0.8% |
£16,596,000 |
|
Directors Emoluments |
£453,000 |
-17.3% |
£548,000 |
60.2% |
£342,000 |
0.9% |
£339,000 |
-14.4% |
£396,000 |
|
Operating Profit |
- |
- |
£13,441,000 |
68.6% |
£7,971,000 |
9.3% |
£7,296,000 |
195.6% |
£2,468,000 |
|
Depreciation |
£3,974,000 |
37.9% |
£2,882,000 |
2.2% |
£2,819,000 |
0.2% |
£2,812,000 |
8.1% |
£2,602,000 |
|
Audit Fees |
£61,000 |
3.4% |
£59,000 |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
£77,000 |
-98% |
£3,830,000 |
-8% |
£4,165,000 |
-4.3% |
£4,352,000 |
481.8% |
£748,000 |
|
Pre Tax Profit |
£12,233,000 |
-12.8% |
£14,027,000 |
67.6% |
£8,371,000 |
18.7% |
£7,055,000 |
319.4% |
-£3,216,000 |
|
Taxation |
-£1,095,000 |
64.8% |
-£3,108,000 |
-62.3% |
-£1,915,000 |
-48.9% |
-£1,286,000 |
-201.4% |
£1,268,000 |
|
Profit After Tax |
£11,138,000 |
2% |
£10,919,000 |
69.1% |
£6,456,000 |
11.9% |
£5,769,000 |
396.1% |
-£1,948,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£11,138,000 |
2% |
£10,919,000 |
69.1% |
£6,456,000 |
11.9% |
£5,769,000 |
396.1% |
-£1,948,000 |
Balance Sheet
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Tangible Assets |
£49,978,000 |
5.3% |
£47,455,000 |
19.1% |
£39,829,000 |
31.4% |
£30,314,000 |
17.7% |
£25,760,000 |
|
Intangible Assets |
£627,000 |
-31.7% |
£918,000 |
-24.1% |
£1,209,000 |
-19.4% |
£1,500,000 |
-16.2% |
£1,791,000 |
|
Total Fixed Assets |
£50,605,000 |
4.6% |
£48,373,000 |
17.9% |
£41,038,000 |
29% |
£31,814,000 |
15.5% |
£27,551,000 |
|
Stock |
£8,479,000 |
4% |
£8,149,000 |
-35.8% |
£12,700,000 |
65.6% |
£7,668,000 |
-4.5% |
£8,026,000 |
|
Trade Debtors |
£14,483,000 |
9.9% |
£13,175,000 |
15.5% |
£11,407,000 |
-6% |
£12,137,000 |
27.2% |
£9,538,000 |
|
Cash |
£7,000 |
40% |
£5,000 |
-73.7% |
£19,000 |
-98.3% |
£1,100,000 |
-23.8% |
£1,444,000 |
|
Other Debtors |
£13,551,000 |
122.8% |
£6,082,000 |
-30.7% |
£8,774,000 |
-41.5% |
£15,010,000 |
23.5% |
£12,149,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£36,520,000 |
33.2% |
£27,411,000 |
-16.7% |
£32,900,000 |
-8.4% |
£35,915,000 |
15.3% |
£31,157,000 |
|
Trade Creditors |
£9,602,000 |
64.4% |
£5,840,000 |
-52.1% |
£12,185,000 |
89.4% |
£6,432,000 |
54.4% |
£4,167,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£5,023,000 |
-27.3% |
£6,913,000 |
-10.1% |
£7,692,000 |
-30.9% |
£11,126,000 |
10.8% |
£10,042,000 |
|
Miscellaneous Current Liabilities |
£4,443,000 |
18.5% |
£3,748,000 |
-9.9% |
£4,159,000 |
-22.9% |
£5,391,000 |
38.4% |
£3,896,000 |
|
Total Current Liabilities |
£19,068,000 |
15.6% |
£16,501,000 |
-31.3% |
£24,036,000 |
4.7% |
£22,949,000 |
26.8% |
£18,105,000 |
|
Bank Loans & Overdrafts and LTL |
£2,231,000 |
-82.2% |
£12,537,000 |
25.6% |
£9,979,000 |
27.4% |
£7,834,000 |
-43.1% |
£13,780,000 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£2,231,000 |
-82.2% |
£12,537,000 |
25.6% |
£9,979,000 |
27.4% |
£7,834,000 |
-43.1% |
£13,780,000 |
.
Capital & Reserves
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Called Up Share Capital |
£35,405,000 |
- |
£35,405,000 |
- |
£35,405,000 |
- |
£35,405,000 |
- |
£35,405,000 |
|
P & L Account Reserve |
£30,421,000 |
168.2% |
£11,341,000 |
151% |
£4,518,000 |
193.2% |
£1,541,000 |
118% |
-£8,582,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£65,826,000 |
40.8% |
£46,746,000 |
17.1% |
£39,923,000 |
8.1% |
£36,946,000 |
37.7% |
£26,823,000 |
Other Financial Items
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Net Worth |
£65,199,000 |
42.3% |
£45,828,000 |
18.4% |
£38,714,000 |
9.2% |
£35,446,000 |
41.6% |
£25,032,000 |
|
Working Capital |
£17,452,000 |
60% |
£10,910,000 |
23.1% |
£8,864,000 |
-31.6% |
£12,966,000 |
-0.7% |
£13,052,000 |
|
Total Assets |
£87,125,000 |
15% |
£75,784,000 |
2.5% |
£73,938,000 |
9.2% |
£67,729,000 |
15.4% |
£58,708,000 |
|
Total Liabilities |
£21,299,000 |
-26.7% |
£29,038,000 |
-14.6% |
£34,015,000 |
10.5% |
£30,783,000 |
-3.5% |
£31,885,000 |
|
Net Assets |
£65,826,000 |
40.8% |
£46,746,000 |
17.1% |
£39,923,000 |
8.1% |
£36,946,000 |
37.7% |
£26,823,000 |
Miscellaneous
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£68,057,000 |
14.8% |
£59,283,000 |
18.8% |
£49,902,000 |
11.4% |
£44,780,000 |
10.3% |
£40,603,000 |
|
Number of Employees |
411 |
-5.1% |
433 |
10.2% |
393 |
7.7% |
365 |
-2.4% |
374 |
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
|
Auditor Comments |
The audit report contains no adverse
comments |
|
Bankers |
BANK OF AMERICA |
|
Bank Branch Code |
30-16-35 |
Ratios
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
Pre-tax profit margin % |
7.47 |
9.69 |
5.94 |
5.83 |
-3.02 |
|
Current ratio |
1.92 |
1.66 |
1.37 |
1.56 |
1.72 |
|
Sales/Net Working Capital |
9.39 |
13.27 |
15.91 |
9.33 |
8.16 |
|
Gearing % |
3.40 |
26.80 |
25 |
21.20 |
51.40 |
|
Equity in % |
76.10 |
62.40 |
54.90 |
55.80 |
47.10 |
|
Creditor Days |
21.33 |
14.68 |
31.45 |
19.34 |
14.24 |
|
Debtor Days |
32.17 |
33.11 |
29.44 |
36.50 |
32.60 |
|
Liquidity/Acid Test |
1.47 |
1.16 |
0.84 |
1.23 |
1.27 |
|
Return On Capital Employed % |
17.97 |
23.66 |
16.77 |
15.75 |
-7.92 |
|
Return On Total Assets Employed % |
14.04 |
18.50 |
11.32 |
10.41 |
-5.47 |
|
Current Debt Ratio |
0.28 |
0.35 |
0.60 |
0.62 |
0.67 |
|
Total Debt Ratio |
0.32 |
0.62 |
0.85 |
0.83 |
1.18 |
|
Stock Turnover Ratio % |
5.17 |
5.62 |
9 |
6.33 |
7.53 |
|
Return on Net Assets Employed % |
18.58 |
30 |
20.96 |
19.09 |
-11.98 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
21/09/2014 |
New Accounts Filed |
|
21/09/2014 |
New Accounts Filed |
|
18/07/2014 |
Annual Returns |
|
06/07/2013 |
New Accounts Filed |
|
06/07/2013 |
New Accounts Filed |
|
05/07/2013 |
New Board Member Mr P.D. MacKenzie
appointed |
|
04/07/2013 |
New Board Member Mr T.P. Merlot appointed |
|
26/06/2013 |
Annual Returns |
|
15/09/2012 |
New Accounts Filed |
|
15/09/2012 |
New Accounts Filed |
|
02/07/2012 |
Annual Returns |
|
29/06/2012 |
Change in Reg.Office |
|
05/10/2011 |
New Accounts Filed |
|
05/10/2011 |
New Accounts Filed |
|
03/10/2011 |
Change of Company Postcode |
Previous Company Names
|
Date |
Previous Name |
|
01/03/1996 |
COMPOSITE MATERIALS LIMITED |
|
10/07/1995 |
EUROMATERIALS LIMITED |
|
04/07/1995 |
INHOCO 417 LIMITED |
Writ Details
|
No writs found |
Statistics
|
Group |
8 companies |
|
Linkages |
156 companies |
|
Countries |
In 40 countries |
Summary
|
Holding Company |
HEXCEL (U.K.) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
HEXCEL FIBERS INC |
Group StructureFull
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
- |
- |
||
|
|
N/A |
- |
- |
|
|
|
04106137 |
31.12.2013 |
Y |
£369,365,183 |
|
|
01088844 |
31.12.2013 |
N |
|
|
|
03069887 |
31.12.2013 |
N |
£163,850,000 |
|
|
03233405 |
31.12.2013 |
N |
|
|
|
04551579 |
31.12.2013 |
N |
|
|
|
03716807 |
31.12.2013 |
N |
Other Linked Companies
|
Name |
Number |
Latest Key Financials |
Turnover |
|
HEXCEL HOLDINGS |
955508007 |
31.12.2013 |
|
|
HEXCEL REINFORCEMENTS |
410287379 |
31.12.2013 |
€144,404,785 |
|
HEXCEL COMPOSITES |
410286702 |
31.12.2013 |
€288,050,632 |
|
HEXCEL COMPOSITES S.R.L. |
VA264081 |
31.12.2013 |
€912,827 |
|
HEXCEL COMPOSITES GMBH |
HRB 101120 |
31.12.2012 |
€87,828,713 |
|
SOC TECHNOLOGIES APPLIQUEES MATERIAUX |
403886005 |
31.12.2013 |
€999,909 |
|
HEXCEL HOLDING B.V. |
24289339 |
31.12.2012 |
|
|
CIBA SPECIALTY CHEMICALS WATER TREATMENTS
LIMITED |
00722043 |
31.12.2013 |
|
|
HEXCEL CHEMICAL PRODUCTS LTD |
01071897 |
31.12.2010 |
|
|
HEXCEL RESEARCH LIMITED |
08731577 |
- |
|
|
HEXCEL COMPOSITES SA |
402459235 |
31.12.2013 |
€27,893,665 |
|
HEXCEL HOLDING SPAIN |
475543 |
31.12.2013 |
€1,664,227 |
|
HEXCEL FIBERS |
493663835 |
- |
|
|
HEXCEL COMPOSITES |
51758 |
31.12.2013 |
€153,658,000 |
|
HEXCEL FIBERS |
649524 |
31.12.2013 |
€20,387,000 |
|
HEXCEL STRUCTURES AND INTERIORS GMBH |
HRB 5805 |
- |
|
|
HEXCEL IRELAND LIMITED |
IE536408 |
- |
|
|
CIBA SPECIALTY CHEMICALS |
- |
$11,385,000 |
|
|
ACM HOLDINGS, LLC |
- |
||
|
HEXCEL REINFORCEMENTS CORP |
- |
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
13/09/2012 |
NORTHAMPTON CCBC |
£1,423 |
Satisfied |
2QT78488 |
01/04/2013 |
|
11/07/2012 |
NORTHAMPTON CCBC |
£2,476 |
Satisfied |
2XK90822 |
01/04/2013 |
Possible CCJs Details
|
There are no possible CCJ details |
Mortgage Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
19/03/03 |
||
|
Date Charge Registered: |
08/04/03 |
||
|
Date Charge Satisfied: |
15/05/10 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
FLEET CAPITAL CORPORATION, AS SECURITY
AGENT |
||
|
Amount Secured: |
|||
|
Details: |
RIGHT TITLE AND INTEREST FROM TIME TO TIME
IN THE FOLLOWING ASSETS BOTH PRESENTADN FUTURE ALL BOOK AND OTHER DEBTS REVENUES
AND CLAIMS, ALL RIGHTS UNDER CONTRACTS OF SALE RELATING TO OR AFFECTING
THECREATION OR COLLECTION OF ANY DEBT, AND ALL RIGHTS UNDER CONTRACTS OF SALE
RELATING TO OR AFFECTINGTHE COMPLETION OF SALE OF INVENTORY, AND ALL CASH,
CASH EQUIVALENTS (INCLUDING WITHOUT LIMITATION,CASH EQUIVALENTS, DEPOSIT
ACCOUNTS (INCLUDING, WITHOUT LIMITATION, BANK ACCOUNTS), AND ALL PROPERTY
LOSS OR CASUALTY INSURANCES OR ASSURANCE POLICIESSEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
CHARGE OVER RECEIVABLES |
||
|
Date Charge Created: |
16/05/02 |
||
|
Date Charge Registered: |
22/05/02 |
||
|
Date Charge Satisfied: |
04/03/05 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
CREDIT SUISSE FIRST BOSTON (THE
"SECURITY AGENT") ON BEHALF OF ITSELF AND THE BANKS ANDFINANCIA |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
DEBTS AND CLAIMS SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Ian Edmund Ferguson Stewart |
30 |
66 |
|
Ian Edmund Ferguson Stewart |
30 |
66 |
|
Bryan George Kerr |
16 |
36 |
|
John Anthony Brewer |
4 |
21 |
|
William Hunt |
1 |
9 |
|
Sabine Preston |
0 |
2 |
|
Juergen Habermeier |
0 |
1 |
|
Rodney Phillips Jenks |
0 |
2 |
|
John Manser |
0 |
3 |
|
Stephen Caton Forsyth |
5 |
6 |
|
INHOCO FORMATIONS LIMITED |
366 |
1789 |
|
A B & C SECRETARIAL LIMITED |
274 |
1532 |
|
Average Invoice Value |
£1329.09 |
|
|
Invoices available |
713 |
|
|
Paid |
691 |
|
|
Outstanding |
22 |
|
|
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 |
420 |
199 |
33 |
24 |
15 |
|
Outstanding |
0 |
12 |
2 |
1 |
7 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.00 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.