MIRA INFORM REPORT
|
Report No. : |
335124 |
|
Report Date : |
05.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
AFTON CHEMICAL LIMITED |
|
|
|
|
Formerly Known As : |
ETHYL PETROLEUM ADDITIVES LIMITED EDWIN COOPER & COMPANY LIMITED |
|
|
|
|
Registered Office : |
London Road Bracknell Berkshire RG12 2UW |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
19.05.1975 |
|
|
|
|
Com. Reg. No.: |
01213092 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
A group engaged in the marketing and selling of lubricating oil additives and allied products and the investment in research and development which is directed to improve existing operations, developing new products and provide new sales opportunities. |
|
|
|
|
No. of Employees : |
238 (31.12.2013) |
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 : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
AFTON CHEMICAL LIMITED
Company
No
01213092
Company
Status
Active - Accounts Filed
Registered
Address
|
LONDON ROAD |
|
BRACKNELL |
|
BERKSHIRE |
|
RG12 2UW |
Company
Summary
|
Registered
Address |
LONDON ROAD |
Trading Address |
London Road |
|
|
BRACKNELL |
|
Bracknell |
|
|
BERKSHIRE |
|
Berkshire |
|
Website Address |
RG12 2UW |
|
RG12 2UW |
|
http://www.aftonchemical.com |
|
|
|
|
Telephone Number |
01344304141 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
19/05/1975 |
|
|
|
Previous Name |
ETHYL PETROLEUM |
Type |
Private limited with Share Capital |
|
|
ADDITIVES LIMITED |
|
|
|
FTSE Index |
- |
Date of Change |
30/06/2004 |
|
Filing Date of
Accounts |
04/08/2014 |
Currency |
GBP |
|
Share Capital |
£12,350,000 |
SIC07 |
32990 |
|
Charity Number |
- |
|
|
|
SIC07
Description |
OTHER MANUFACTURING N.E.C. |
||
|
Principal
Activity |
A group engaged in the marketing and selling of lubricating oil additives and allied products and the investment in research and development which is directed to improve existing operations, developing new products and provide new sales opportunities. |
||
Key
Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
|
|
|
|
|
|
31/12/2013 |
£514,683,000 |
£47,390,000 |
£176,908,000 |
238 |
|
31/12/2012 |
£473,133,000 |
£36,466,000 |
£146,155,000 |
209 |
|
31/12/2011 |
£482,758,000 |
£40,715,000 |
£122,950,000 |
202 |
Mortgage
Summary
|
Total
Mortgage |
5 |
|
Outstanding |
5 |
|
Satisfied |
0 |
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 only made late payments on a low 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 - 0 |
Total
Value of Satisfied CCJs - |
|
Total
Number of Writs - |
|
|
Total Current Directors |
3 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company Secretaries |
12 |
Current
Directors
|
Name |
David Richard Ellis |
Date of Birth |
10/03/1964 |
|
Officers Title |
Dr |
Nationality |
British |
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment Date |
01/04/2010 |
|
|
|
Address |
London Road, Bracknell, Berkshire, RG12 2UW |
|
|
|
Name |
Andrew David Walker |
Date of Birth |
08/02/1970 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment Date |
11/02/2014 |
|
|
|
Address |
London Road, Bracknell, Berkshire, RG12 2UW |
|
|
|
Name |
Michael John Francis Croft |
Date of Birth |
12/03/1958 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment Date |
27/11/2014 |
|
|
|
Address |
London Road, Bracknell, Berkshire, RG12 2UW |
|
|
Current Company Secretary
Top
20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
AFTON CHEMICAL UK HOLDINGS LTD |
GBP |
12,350,000 |
ORDINARY |
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 |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
|
|
Turnover |
£514,683,000 |
8.8% |
£473,133,000 |
-2% |
£482,758,000 |
17.3% |
£411,439,000 |
9.1% |
£377,253,000 |
|
|
Export |
- |
- |
- |
- |
£461,414,000 |
16.6% |
£395,867,000 |
- |
- |
|
|
Cost of Sales |
£446,171,000 |
8.7% |
£410,506,000 |
-2.3% |
£420,117,000 |
20.5% |
£348,777,000 |
5% |
£332,164,000 |
|
|
Gross Profit |
£68,512,000 |
9.4% |
£62,627,000 |
0% |
£62,641,000 |
0% |
£62,662,000 |
39% |
£45,089,000 |
|
|
Wages & Salaries |
£15,465,000 |
6.1% |
£14,574,000 |
6% |
£13,755,000 |
34.1% |
£10,259,000 |
15.8% |
£8,857,000 |
|
|
Directors Emoluments |
£770,000 |
-7.7% |
£834,000 |
13.8% |
£733,000 |
16.2% |
£631,000 |
12.9% |
£559,000 |
|
|
Operating Profit |
£41,448,000 |
11.1% |
£37,297,000 |
-7.6% |
£40,352,000 |
-11.6% |
£45,670,000 |
143.5% |
£18,759,000 |
|
|
Depreciation |
£1,294,000 |
76.1% |
£735,000 |
20.3% |
£611,000 |
74.6% |
£350,000 |
12.2% |
£312,000 |
|
|
Audit Fees |
£186,000 |
31.9% |
£141,000 |
-4.1% |
£147,000 |
8.1% |
£136,000 |
3% |
£132,000 |
|
|
Interest Payments |
£99,000 |
-18.2% |
£121,000 |
-95.8% |
£2,848,000 |
999.9% |
£65,000 |
-90.2% |
£665,000 |
|
|
Pre Tax Profit |
£47,390,000 |
30% |
£36,466,000 |
-10.4% |
£40,715,000 |
-10.8% |
£45,622,000 |
151% |
£18,179,000 |
|
|
Taxation |
-£10,364,000 |
-22.3% |
-£8,475,000 |
13.1% |
-£9,753,000 |
20.4% |
-£12,258,000 |
-153.1% |
-£4,843,000 |
|
|
Profit After Tax |
£37,026,000 |
32.3% |
£27,991,000 |
-9.6% |
£30,962,000 |
-7.2% |
£33,364,000 |
150.2% |
£13,336,000 |
|
|
Dividends Payable |
£5,229,000 |
64.3% |
£3,183,000 |
-80.1% |
£16,000,000 |
- |
- |
- |
- |
|
|
Retained Profit |
£31,797,000 |
28.2% |
£24,808,000 |
65.8% |
£14,962,000 |
-55.2% |
£33,364,000 |
150.2% |
£13,336,000 |
Balance
Sheet
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Tangible Assets |
£24,482,000 |
1.1% |
£24,208,000 |
27.7% |
£18,964,000 |
331.1% |
£4,399,000 |
80.7% |
£2,434,000 |
|
|
Intangible Assets |
£2,977,000 |
-9.7% |
£3,298,000 |
-8.9% |
£3,621,000 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£27,459,000 |
-0.2% |
£27,506,000 |
21.8% |
£22,585,000 |
413.4% |
£4,399,000 |
80.7% |
£2,434,000 |
|
|
Stock |
£67,875,000 |
1.5% |
£66,853,000 |
-18.1% |
£81,626,000 |
36.9% |
£59,637,000 |
-23.5% |
£77,968,000 |
|
|
Trade Debtors |
£62,372,000 |
12% |
£55,694,000 |
-6.8% |
£59,769,000 |
5.8% |
£56,479,000 |
8% |
£52,310,000 |
|
|
Cash |
£61,404,000 |
147.4% |
£24,819,000 |
212.2% |
£7,950,000 |
9.6% |
£7,254,000 |
-54% |
£15,784,000 |
|
|
Other Debtors |
£12,498,000 |
-12.8% |
£14,327,000 |
-4.8% |
£15,046,000 |
-10.5% |
£16,812,000 |
73.1% |
£9,713,000 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£204,149,000 |
26.3% |
£161,693,000 |
-1.6% |
£164,391,000 |
17.3% |
£140,182,000 |
-10% |
£155,775,000 |
|
|
Trade Creditors |
£13,645,000 |
37.6% |
£9,918,000 |
-12.9% |
£11,387,000 |
19.9% |
£9,496,000 |
-22.8% |
£12,303,000 |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
£24,548,000 |
41.2% |
£17,383,000 |
-53.7% |
£37,560,000 |
352.5% |
£8,300,000 |
-87.1% |
£64,146,000 |
|
|
Miscellaneous Current Liabilities |
£15,491,000 |
1.1% |
£15,320,000 |
4.4% |
£14,679,000 |
-21.8% |
£18,762,000 |
238.2% |
£5,548,000 |
|
|
Total Current Liabilities |
£53,684,000 |
26% |
£42,621,000 |
-33% |
£63,626,000 |
74% |
£36,558,000 |
-55.4% |
£81,997,000 |
|
|
Bank Loans & Overdrafts and LTL |
£1,016,000 |
140.2% |
£423,000 |
5.8% |
£400,000 |
-57.2% |
£935,000 |
-69.9% |
£3,108,000 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£1,016,000 |
140.2% |
£423,000 |
5.8% |
£400,000 |
-57.2% |
£935,000 |
-69.9% |
£3,108,000 |
.
Capital
& Reserves
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Called Up Share Capital |
£12,350,000 |
- |
£12,350,000 |
- |
£12,350,000 |
- |
£12,350,000 |
- |
£12,350,000 |
|
|
P & L Account Reserve |
£164,558,000 |
23% |
£133,805,000 |
21% |
£110,600,000 |
16.7% |
£94,738,000 |
55.9% |
£60,754,000 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£176,908,000 |
21% |
£146,155,000 |
18.9% |
£122,950,000 |
14.8% |
£107,088,000 |
46.5% |
£73,104,000 |
Other
Financial Items
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Net Worth |
£173,931,000 |
21.8% |
£142,857,000 |
19.7% |
£119,329,000 |
11.4% |
£107,088,000 |
46.5% |
£73,104,000 |
|
|
Working Capital |
£150,465,000 |
26.4% |
£119,072,000 |
18.2% |
£100,765,000 |
-2.8% |
£103,624,000 |
40.5% |
£73,778,000 |
|
|
Total Assets |
£231,608,000 |
22.4% |
£189,199,000 |
1.2% |
£186,976,000 |
29.3% |
£144,581,000 |
-8.6% |
£158,209,000 |
|
|
Total Liabilities |
£54,700,000 |
27.1% |
£43,044,000 |
-32.8% |
£64,026,000 |
70.8% |
£37,493,000 |
-55.9% |
£85,105,000 |
|
|
Net Assets |
£176,908,000 |
21% |
£146,155,000 |
18.9% |
£122,950,000 |
14.8% |
£107,088,000 |
46.5% |
£73,104,000 |
Cash
Flow
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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 |
- |
YES |
|
|
|
Capital Employed |
£177,924,000 |
21.4% |
£146,578,000 |
18.8% |
£123,350,000 |
14.2% |
£108,023,000 |
41.7% |
£76,212,000 |
|
|
Number of Employees |
238 |
13.9% |
209 |
3.5% |
202 |
49.6% |
135 |
10.7% |
122 |
|
Accountants |
||||||||||
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
THE ROYAL BANK OF SCOTLAND PLC |
|||||||||
|
Bank Branch Code |
15-10-00 |
|||||||||
Ratios
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
|
|
Pre-tax profit margin % |
9.21 |
7.71 |
8.43 |
11.09 |
4.82 |
|
|
Current ratio |
3.80 |
3.79 |
2.58 |
3.83 |
1.90 |
|
|
Sales/Net Working Capital |
3.42 |
3.97 |
4.79 |
3.97 |
5.11 |
|
|
Gearing % |
0.60 |
0.30 |
0.30 |
0.90 |
4.30 |
|
|
Equity in % |
77.40 |
78.60 |
67.10 |
74.10 |
46.20 |
|
|
Creditor Days |
9.65 |
7.63 |
8.58 |
8.40 |
11.87 |
|
|
Debtor Days |
44.11 |
42.84 |
45.06 |
49.96 |
50.47 |
|
|
Liquidity/Acid Test |
2.53 |
2.22 |
1.30 |
2.20 |
0.94 |
|
|
Return On Capital Employed % |
26.63 |
24.87 |
33 |
42.23 |
23.85 |
|
|
Return On Total Assets Employed % |
20.46 |
19.27 |
21.77 |
31.55 |
11.49 |
|
|
Current Debt Ratio |
0.30 |
0.29 |
0.51 |
0.34 |
1.12 |
|
|
Total Debt Ratio |
0.30 |
0.29 |
0.52 |
0.35 |
1.16 |
|
|
Stock Turnover Ratio % |
13.18 |
14.12 |
16.90 |
14.49 |
20.66 |
|
|
Return on Net Assets Employed % |
26.78 |
24.95 |
33.11 |
42.60 |
24.86 |
Report
Notes
There are no notes to display.
Status
History
No Status History found.
Event
History View Documents
|
Date |
Description |
|
07/05/2015 |
Mr M.A. Lewis has left the board |
|
20/03/2015 |
Annual Returns |
|
01/12/2014 |
New Board Member Mr M.J. Croft appointed |
|
20/08/2014 |
New Accounts Filed |
|
20/08/2014 |
New Accounts Filed |
|
11/03/2014 |
Annual Returns |
|
03/03/2014 |
New Board Member Mr A.D. Walker appointed |
|
26/02/2014 |
Mr M. Coates-Evans has resigned as company secretary |
|
26/02/2014 |
Mr M. Coates-Evans has left the board |
|
22/10/2013 |
New Accounts Filed |
|
22/10/2013 |
New Accounts Filed |
|
02/04/2013 |
Annual Returns |
|
13/10/2012 |
New Accounts Filed |
|
13/10/2012 |
New Accounts Filed |
|
08/08/2012 |
New Company Secretary Mr M. Coates-Evans appointed |
Previous
Company Names
|
Date |
Previous Name |
|
30/06/2004 |
ETHYL PETROLEUM ADDITIVES LIMITED |
|
24/08/1984 |
EDWIN COOPER & COMPANY LIMITED |
Writ
Details
No writs found
Statistics
|
Group |
8 companies |
|
Linkages |
61 companies |
|
Countries |
In 17 countries |
Summary
|
Holding Company |
AFTON CHEMICAL UK HOLDINGS LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
NEWMARKET CORP |
Group
Structure Full
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
NEWMARKET CORP |
- |
- |
$2,335,405,000 |
|
|
AFTON CHEMICAL
CORP |
- |
- |
||
|
AFTON CHEMICAL
UK HO... |
07119870 |
31.12.2013 |
N |
|
|
AFTON CHEMICAL
LIM... |
01213092 |
31.12.2013 |
Y |
£514,683,000 |
|
AFTON COOPER
LIMITED |
00071032 |
31.12.2013 |
N |
|
|
ETHYL PETROLEUM
ADDITIVES |
- |
- |
||
|
POLARTECH
ADDITIVES HO... |
N/A |
- |
- |
|
|
POLARTECH
LIMITED |
01757293 |
31.12.2013 |
N |
Other
Linked Companies
|
Name |
Number |
Latest Key Financials |
Turnover |
|
AFTON CHEMICAL GMBH |
HRB 13184 |
31.12.2013 |
|
|
AFTON CHEMICAL CORP |
- |
||
|
AFTON CHEMICAL INTANGIBLES LLC |
- |
$1,546,000 |
|
|
AFTON CHEMICAL ADDITIVES CORP |
- |
||
|
ETHYL CORP |
- |
||
|
AFTON CHEMICAL UK PARTNER, LLC |
- |
||
|
NEWMARKET SERVICES CORP |
- |
||
|
ACC SERVICES SRL |
- |
||
|
AFTON CHEMICAL |
- |
||
|
AFTON CHEMICAL |
- |
||
|
AFTON CHEMICAL (SUZHOU) CO. |
- |
||
|
AFTON CHEMICAL ADDITIVES |
- |
||
|
AFTON CHEMICAL ASIA PACIFIC |
- |
||
|
AFTON CHEMICAL ASIA PTE. |
- |
||
|
AFTON CHEMICAL CANADA |
- |
||
|
AFTON CHEMICAL CANADA HOLDINGS |
- |
||
|
AFTON CHEMICAL CHINA |
- |
||
|
AFTON CHEMICAL CORPORATION |
- |
||
|
AFTON CHEMICAL DE MEXICO S.A. |
- |
||
|
AFTON CHEMICAL DE VENEZUELA |
- |
Mortgage
Details
|
Mortgage Type: |
DEPOSIT AGREEMENT AND CHARGE ON CASH DEPOSITS |
||
|
Date Charge Created: |
04/04/05 |
||
|
Date Charge Registered: |
05/04/05 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
ABN AMRO BANK N.V. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
THE SUM OF USD500,000-00 DEPOSITED BY THE DEPOSITOR AT THE BANK\S
OFFICES AND ALL OTHER SUMS FROM TIME TO TIME STANDINGTO THE CREDIT OF THE
DEPOSITOR ON ANY ACCOUNT OF THE BANK TOGETHER WITH IN EACHCASE ANY INTEREST
THEREOF SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
MORTGAGE |
||
|
Date Charge Created: |
31/07/03 |
||
|
Date Charge Registered: |
13/08/03 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
PARTIAL PROPERTY RELEASE |
||
|
Person(s) Entitled: |
ETHYL PETROLEUM ADDITIVES AND ETHYL CORPORATION |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO EITHER EPAI OR
ETHYL UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING
THE CHARGE |
||
|
Details: |
LAND AND BUILDINGS K/A THE EUROTECH CENTRE LONDON ROAD BRACKNELL
BERKSHIRE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
BANK ACCOUNT PLEDGE AGREEMENT |
||
|
Date Charge Created: |
30/04/03 |
||
|
Date Charge Registered: |
19/05/03 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
PARTIAL PROPERTY RELEASE |
||
|
Person(s) Entitled: |
ETHYL PETROLEUM ADDITIVES, INC. AND ETHYL CORPORATION TOGETHER WITH
THEIR SUCCESSORS ASSIGNSAND |
||
|
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: |
PLEDGES ALL OF THE RIGHTS TITLE BENEFITAND INTEREST IN THE SECURITY
ACCOUNTS BEING THE BANK ACCOUNTSIN BELGIUM WHICH ARE SET OUT IN SCHEDULE 1 TO
THE BANK ACCOUNT PLEDGE AGREEMENT AND THE AMOUNTS ONTHE SECURITY ACCOUNTS
BEING ALL THE AMOUNTS CREDITED FROM TIME TO TIME TO THE SECURITY ACCOUNTS
SEETHE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
BELGIAN DEPOSITARY AGREEMENT |
||
|
Date Charge Created: |
30/04/03 |
||
|
Date Charge Registered: |
16/05/03 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
PARTIAL PROPERTY RELEASE |
||
|
Person(s) Entitled: |
ETHYL PETROLEUM ADDITIVES,INC.AND ETHYL CORPORATION TOGETHER WITH
THEIR SUCCESSORS ASSIGNS ANDT |
||
|
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: |
THE COMPANY PLEDGES THE INVENTORY BEINGLUBRICANT AND FUEL ADDITIVE
PRODUCTS RAW MATERIALS AND COMPONENTS WHICH ARE REQUIRED IN THE NORMAL COURSE
OF BUSINESS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
30/04/03 |
||
|
Date Charge Registered: |
16/05/03 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
PARTIAL PROPERTY RELEASE |
||
|
Person(s) Entitled: |
ETHYL PETROLEUM ADDITIVES, INC. AND ETHYL CORPORATION TOGETHER WITH
THEIR SUCCESSORS ANDASSIGNS |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
BY WAY OF FIRST FIXED CHARGE ALL PRESENT AND FUTURE INVENTORY OWNED BY
THE CHARGOR OR IN WHICH THE CHARGOR MAY HAVE AN INTEREST, ALL BOOK DEBTS,
OTHER DEBTS, REVENUES, CLAIMS DUE TO THE CHARGOR PURSUANT TO THE SUPPLY
CONTRACTS. BY WAY OF FLOATING CHARGE ITS UNDERTAKING AND ALL ITS PROPERTY
ASSETS AND RIGHTS WHATSOEVERAND WHERESOEVER PRESENT AND FUTURE. BY WAY OF
ABSOLUTE ASSIGNMENT THE SECURITY ACCOUNTS TOGETHER WITH ALL AMOUNTS STANDING
TO THE CREDIT THERETO FROM TIME TO TIME |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Trevor John Gigg |
1 |
11 |
|
Trevor John Gigg |
1 |
11 |
|
Thomas Edward Gottwald |
0 |
2 |
|
Kenneth J Donlan |
0 |
2 |
|
Michael John Heath |
0 |
3 |
|
Ronald Edward Kollman |
0 |
3 |
|
Anthony Francis Fagan |
0 |
5 |
|
Edward Whitehead Elmore |
1 |
1 |
|
Michael Arnost Lewis |
1 |
7 |
|
Particia Eileen New |
0 |
1 |
|
Mark Coates-Evans |
0 |
3 |
|
Mark Coates-Evans |
0 |
1 |
|
Average Invoice Value |
Ł860.65 |
|
Invoices available |
208 |
|
Paid |
200 |
|
Outstanding |
8 |
|
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 |
176 |
18 |
2 |
2 |
2 |
|
Outstanding |
1 |
3 |
1 |
1 |
2 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.93 |
|
UK Pound |
1 |
Rs.99.82 |
|
Euro |
1 |
Rs.70.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.