MIRA INFORM REPORT
|
Report No. : |
353858 |
|
Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ATUL EUROPE LIMITED |
|
|
|
|
Registered Office : |
1st Floor Office Suite 1c, Summer Fields Village
Centre, Wilmslow SK9 2TB |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
29.01.1996 |
|
|
|
|
Com. Reg. No.: |
03151975 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Chemical Products |
|
|
|
|
Employees: |
38 |
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 – 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 has been a net importer of energy since 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 6.0% in 2014.
In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.
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).
|
Source
: CIA |
Company
name and address
Company Name: ATUL EUROPE LIMITED
Company No: 03151975
Company Status: Active - Accounts Filed
Registered Address: 1ST FLOOR OFFICE SUITE 1C SUMMERFIELDS VILLAGE CENTRE WILMSLOW SK9 2TB
Company
Summary
Registered Address
1ST FLOOR OFFICE SUITE 1C
SUMMERFIELDS VILLAGE CENTRE
WILMSLOW
SK9 2TB
Trading Address
1st Floor Office Suite 1C
Summerfields Village Centre
Wilmslow
Cheshire
SK9 2TB
Website Address http://www.atul.co.in
Telephone Number 01625539209
TPS No
FPS No
Incorporation Date 29/01/1996
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 29/10/2015
Currency GBP
Share Capital £4,338,911
SIC07 46750
Charity Number -
SIC07 Description WHOLESALE
OF CHEMICAL PRODUCTS
Principal Activity A
group engaged the import and sale of dyestuffs, pigments and chemicals.
Key
Financials
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
31/03/2015 £17,994,054 £453,171 £5,335,663
38
31/03/2014 £16,692,862 £462,610 4,959,436
35
31/03/2013 £17,891,311 £493,541 £4,613,381
35
Mortgage
Summary
Total Mortgage 2
Outstanding 2
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 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 medium percentage of
invoices. |
|
|
The company has more cash than short term bank borrowings. |
|
|
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 |
Edward Sharkey |
Date of Birth |
21/03/1947 |
|
Officers Title |
Dr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/08/2013 |
||
|
Address |
82 Warren Road, Liverpool, Merseyside, L23 6UG |
||
|
Name |
Gudiguntla Venu Gopala Rao |
Date of Birth |
14/03/1963 |
|
Officers Title |
Dr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/01/2009 |
||
|
Address |
Flat No A-202 Mahavir Milan Chs Plot No 1 Sector 2, Vashi, Navi
Mumbai, 400705 |
||
|
Name |
Ajay Ramanlal Motee |
Date of Birth |
18/12/1961 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/01/2009 |
||
|
Address |
F2 B1 Atic Colony, Atul, 396 020 |
||
|
Name |
Gopi Kannan Rengachari Thirukonda |
Date of Birth |
30/03/1959 |
|
Officers Title |
Nationality |
Indian |
|
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/01/2009 |
||
|
Address |
502 Amrit Building 7 Pherozshah Mehta Road, Santacruz West, Mumbai |
||
|
Name |
Milind Tukaram Phatak |
Date of Birth |
13/02/1960 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
31/01/2013 |
||
|
Address |
Atul Ltd Colors Division, Atul 396020, Gujarat |
||
|
Name |
Satej Mahadeo Nabar |
Date of Birth |
16/12/1963 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/07/2014 |
||
|
Address |
I Wing, 503, Jade Gardens, Mig Colony,, Bandra (East), Mumbai, 400051 |
||
|
Name |
Milind Tukaram Phatak |
Date of Birth |
- |
|
Officers Title |
Mr |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
31/01/2013 |
||
|
Address |
Atul Ltd Colors Division, Atul 396020, Gujarat |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
ATUL LTD |
GBP |
4,338,911 |
ORDINARY |
1 |
100 |
Financials
Profit & Loss
|
Date Of Accounts |
31/03/15 |
(%) |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
Turnover |
£17,994,054 |
7.8% |
£16,692,862 |
-6.7% |
£17,891,311 |
10.7% |
£16,167,824 |
1.9% |
£15,861,365 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
£14,258,791 |
|
Cost of Sales |
£16,791,624 |
7.8% |
£15,582,494 |
-7.2% |
£16,790,804 |
9.8% |
£15,286,400 |
0.7% |
£15,186,767 |
|
Gross Profit |
£1,202,430 |
8.3% |
£1,110,368 |
0.9% |
£1,100,507 |
24.9% |
£881,424 |
30.7% |
£674,598 |
|
Wages & Salaries |
£757,746 |
4.3% |
£726,767 |
11.5% |
£651,959 |
44.2% |
£452,181 |
241.7% |
£132,352 |
|
Directors Emoluments |
£66,180 |
-36.3% |
£103,846 |
-2.9% |
£106,926 |
969.3% |
£10,000 |
- |
£10,000 |
|
Operating Profit |
£293,097 |
-36.7% |
£463,137 |
-6.2% |
£493,889 |
24.1% |
£398,136 |
-5.8% |
£422,450 |
|
Depreciation |
£40,347 |
-1.4% |
£40,929 |
1.2% |
£40,447 |
49.2% |
£27,111 |
447.1% |
£4,955 |
|
Audit Fees |
£15,333 |
15.7% |
£13,250 |
6% |
£12,500 |
3.1% |
£12,125 |
203.1% |
£4,000 |
|
Interest Payments |
£263 |
-50.1% |
£527 |
51.4% |
£348 |
150.4% |
£139 |
-98.3% |
£8,113 |
|
Pre Tax Profit |
£453,171 |
-2% |
£462,610 |
-6.3% |
£493,541 |
24% |
£397,997 |
-5.8% |
£422,450 |
|
Taxation |
-£72,102 |
35.7% |
-£112,173 |
1.7% |
-£114,167 |
-956.7% |
-£10,804 |
- |
- |
|
Profit After Tax |
£381,069 |
8.7% |
£350,437 |
-7.6% |
£379,374 |
-2% |
£387,193 |
-8.3% |
£422,450 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£376,227 |
8.7% |
£346,055 |
-3.4% |
£358,274 |
12.3% |
£319,007 |
-24.5% |
£422,450 |
Balance Sheet
|
Date Of Accounts |
31/03/15 |
(%) |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
|
Tangible Assets |
£178,397 |
-91.7% |
£2,138,069 |
-1% |
£2,159,716 |
0.4% |
£2,150,374 |
9.1% |
£1,970,174 |
|
Intangible Assets |
£81,680 |
-15.6% |
£96,720 |
-33.8% |
£146,038 |
- |
£146,038 |
- |
0 |
|
Total Fixed Assets |
£260,077 |
-88.4% |
£2,234,789 |
-3.1% |
£2,305,754 |
0.4% |
£2,296,412 |
16.6% |
£1,970,174 |
|
Stock |
£3,363,132 |
39.7% |
£2,406,679 |
-14.3% |
£2,806,865 |
3.5% |
£2,713,086 |
85.4% |
£1,463,184 |
|
Trade Debtors |
£3,391,217 |
-9.3% |
£3,740,603 |
9.7% |
£3,408,318 |
6.2% |
£3,208,556 |
0.7% |
£3,186,081 |
|
Cash |
£2,298,869 |
999.9% |
£185,022 |
3.2% |
£179,275 |
77.5% |
£101,014 |
13.5% |
£88,962 |
|
Other Debtors |
£272,627 |
-47.3% |
£517,636 |
17.6% |
£440,101 |
44.7% |
£304,065 |
-5.3% |
£321,187 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£9,325,845 |
36.1% |
£6,849,940 |
0.2% |
£6,834,559 |
8% |
£6,326,721 |
25% |
£5,059,414 |
|
Trade Creditors |
£107,937 |
39.3% |
£77,504 |
-14.6% |
£90,744 |
-29.6% |
£128,815 |
-35% |
£198,250 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£1,104,480 |
|
Other Short Term Finance |
£3,916,399 |
3.7% |
£3,775,591 |
-7.2% |
£4,070,483 |
5.2% |
£3,868,185 |
-4% |
£4,029,262 |
|
Miscellaneous Current Liabilities |
£168,597 |
-21.9% |
£215,896 |
1.6% |
£212,503 |
-10.1% |
£236,295 |
89.8% |
£124,480 |
|
Total Current Liabilities |
£4,192,933 |
3% |
£4,068,991 |
-7% |
£4,373,730 |
3.3% |
£4,233,295 |
-22.4% |
£5,456,472 |
|
Bank Loans & Overdrafts and LTL |
£57,326 |
1.8% |
£56,302 |
-63.2% |
£153,202 |
13.7% |
£134,731 |
-88.2% |
£1,145,625 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£41,145 |
|
Total Long Term Liabilities |
£57,326 |
1.8% |
£56,302 |
-63.2% |
£153,202 |
13.7% |
£134,731 |
227.5% |
£41,145 |
.
Capital &
Reserves
|
Date Of Accounts |
31/03/15 |
(%) |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
|
Called Up Share Capital |
£4,338,911 |
- |
£4,338,911 |
- |
£4,338,911 |
- |
£4,338,911 |
124.3% |
£1,934,782 |
|
P & L Account Reserve |
£996,752 |
60.6% |
£620,525 |
126.1% |
£274,470 |
427.5% |
-£83,804 |
79.2% |
-£402,811 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£5,335,663 |
7.6% |
£4,959,436 |
7.5% |
£4,613,381 |
8.4% |
£4,255,107 |
177.8% |
£1,531,971 |
Other Financial
Items
|
Date Of Accounts |
31/03/15 |
(%) |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
|
Net Worth |
£5,253,983 |
8% |
£4,862,716 |
8.9% |
£4,467,343 |
8.7% |
£4,109,069 |
168.2% |
£1,531,971 |
|
Working Capital |
£5,132,912 |
84.6% |
£2,780,949 |
13% |
£2,460,829 |
17.6% |
£2,093,426 |
627.2% |
-£397,058 |
|
Total Assets |
£9,585,922 |
5.5% |
£9,084,729 |
-0.6% |
£9,140,313 |
6% |
£8,623,133 |
22.7% |
£7,029,588 |
|
Total Liabilities |
£4,250,259 |
3% |
£4,125,293 |
-8.9% |
£4,526,932 |
3.6% |
£4,368,026 |
-20.5% |
£5,497,617 |
|
Net Assets |
£5,335,663 |
7.6% |
£4,959,436 |
7.5% |
£4,613,381 |
8.4% |
£4,255,107 |
177.8% |
£1,531,971 |
Cash Flow
|
Date Of Accounts |
31/03/15 |
(%) |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
|
Net Cashflow from Operations |
£170,274 |
-15.9% |
£202,352 |
5.1% |
£192,485 |
117.4% |
-£1,106,920 |
-999.9% |
-£40,782 |
|
Net Cashflow before Financing |
£2,113,847 |
999.9% |
£5,747 |
-92.7% |
£78,261 |
106.1% |
-£1,287,597 |
35.9% |
-£2,008,562 |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
-100% |
£1,299,649 |
-36.3% |
£2,039,262 |
|
Increase in Cash |
£2,113,847 |
999.9% |
£5,747 |
-92.7% |
£78,261 |
549.4% |
£12,052 |
-60.7% |
£30,700 |
Miscellaneous
|
Date Of Accounts |
31/03/15 |
(%) |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
|
Contingent Liability |
NO |
- |
NO |
- |
YES |
- |
YES |
- |
NO |
|
Capital Employed |
£5,392,989 |
7.5% |
£5,015,738 |
5.2% |
£4,766,583 |
8.6% |
£4,389,838 |
179.1% |
£1,573,116 |
|
Number of Employees |
38 |
8.6% |
35 |
- |
35 |
-2.8% |
36 |
2.9% |
35 |
|
Accountants |
|||||||||
|
Auditors |
BENNETT BROOKS & CO LTD |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
31/03/15 |
31/03/14 |
31/03/13 |
31/03/12 |
31/03/11 |
|
Pre-tax profit margin % |
2.52 |
2.77 |
2.76 |
2.46 |
2.66 |
|
Current ratio |
2.22 |
1.68 |
1.56 |
1.49 |
0.93 |
|
Sales/Net Working Capital |
3.51 |
6 |
7.27 |
7.72 |
-39.95 |
|
Gearing % |
1.10 |
1.10 |
3.30 |
3.20 |
74.80 |
|
Equity in % |
56.10 |
55.20 |
51.30 |
50.20 |
21.80 |
|
Creditor Days |
2.18 |
1.69 |
1.84 |
2.90 |
4.54 |
|
Debtor Days |
68.60 |
81.56 |
69.34 |
72.23 |
73.11 |
|
Liquidity/Acid Test |
1.42 |
1.09 |
0.92 |
0.85 |
0.65 |
|
Return On Capital Employed % |
8.40 |
9.22 |
10.35 |
9.06 |
26.85 |
|
Return On Total Assets Employed % |
4.72 |
5.09 |
5.39 |
4.61 |
6 |
|
Current Debt Ratio |
0.78 |
0.82 |
0.94 |
0.99 |
3.56 |
|
Total Debt Ratio |
0.79 |
0.83 |
0.98 |
1.02 |
3.58 |
|
Stock Turnover Ratio % |
18.69 |
14.41 |
15.68 |
16.78 |
9.22 |
|
Return on Net Assets Employed % |
8.49 |
9.32 |
10.69 |
9.35 |
27.57 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
14/11/2015 |
New Accounts Filed |
|
14/11/2015 |
New Accounts Filed |
|
14/10/2015 |
Payment Data Update Recieved |
|
07/03/2015 |
Annual Returns |
|
06/12/2014 |
New Accounts Filed |
|
16/07/2014 |
New Board Member Mr S.M. Nabar appointed |
|
15/04/2014 |
Mr R. Bhasin has left the board |
|
01/04/2014 |
Annual Returns |
|
21/10/2013 |
New Accounts Filed |
|
21/10/2013 |
New Accounts Filed |
|
05/08/2013 |
Mr C.J. Bent has left the board |
|
05/08/2013 |
New Board Member Dr E. Sharkey appointed |
|
12/03/2013 |
Annual Returns |
|
08/03/2013 |
Mr S. Kalra has left the board |
|
08/03/2013 |
New Board Member Mr M.T. Phatak appointed |
Previous Company
Names
|
No Previous Names found |
Writ Details
|
No writs found |
Statistics
|
Group |
3 companies |
|
Linkages |
2346 companies |
|
Countries |
In 18 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
ATUL |
Group
Structure Full
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
|
004-2859 |
31.03.2015 |
- |
€409,444,510 |
|
|
|
03151975 |
31.03.2015 |
Y |
£17,994,054 |
|
|
|
03851847 |
31.03.2015 |
N |
Other Linked
Companies
|
Name |
Number |
Latest Key Financials |
Turnover |
|
|
EDF INTERNATIONAL |
|
380415125 |
31.12.2014 |
|
|
SOCIETE C3 |
|
428722714 |
31.12.2014 |
|
|
EDF INVESTISSEMENTS GROUPE SA |
|
894284867 |
31.12.2014 |
|
|
BPIFRANCE |
|
483790069 |
31.12.2014 |
|
|
EDF ENERGY (UK) LIMITED |
|
02622406 |
31.12.2014 |
|
|
EDISON S.P.A. |
|
MI1698754 |
31.12.2013 |
€6,243,063,626 |
|
SNCF MOBILITES |
|
552049447 |
31.12.2014 |
€20,591,000,000 |
|
ROHDE & LIESENFELD INTERNATIONAL GMBH & CO. KG. |
|
HRA 46781 |
31.12.2013 |
€32,792,000,000 |
|
LA POSTE |
|
356000000 |
31.12.2014 |
€11,976,000,000 |
|
TRANSALPINA DI ENERGIA S.R.L. |
|
MI1700779 |
31.12.2013 |
|
|
EDF DEVELOPPEMENT ENVIRONNEMENT SA |
|
380414482 |
31.12.2014 |
€817,000 |
|
EDF ENERGY GROUP HOLDINGS PLC |
|
03261188 |
31.12.2014 |
|
|
RTE RESEAU DE TRANSPORT D'ELECTRICITE |
|
444619258 |
31.12.2014 |
€4,427,605,000 |
|
EDF HOLDING SAS |
|
489967778 |
31.12.2014 |
|
|
SOPASSURE |
|
433021029 |
31.12.2014 |
|
|
POSTE IMMO |
|
428579130 |
31.12.2014 |
€120,099,208 |
|
AREVA |
|
712054923 |
31.12.2014 |
€487,137,000 |
|
EDF EN ITALIA - SOCIETA' PER AZIONI |
|
RM1018425 |
31.12.2014 |
€3,966,752 |
|
EDF IMMO |
|
490068806 |
31.12.2014 |
|
|
EDF ENERGY PLC |
|
02366852 |
31.12.2014 |
£5,678,100,000 |
Mortgage
Details
|
Mortgage Type: |
FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST |
||
|
Date Charge Created: |
31/10/05 |
||
|
Date Charge Registered: |
01/11/05 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
HSBC INVOICE FINANCE (UK) LTD |
||
|
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: |
BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO
BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE
OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED
RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE
SECURITY HOLDER FOR ANY REASON |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
28/04/97 |
||
|
Date Charge Registered: |
30/04/97 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDLAND BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
|
Suresh Kalra |
0 |
1 |
|
|
Krishnamurti Aparajithan |
0 |
1 |
|
|
Narayan Jayaram Joshi |
0 |
2 |
|
|
Narayan Jayaram Joshi |
0 |
2 |
|
|
Christopher James Bent |
1 |
1 |
|
|
CRIPPS SECRETARIES LIMITED |
117 |
221 |
|
|
Jagdish Lalbhai Shah |
0 |
1 |
|
|
Sudhir Chandalia |
0 |
2 |
|
|
Sudhir Chandalia |
0 |
2 |
|
|
Rajesh Bhasin |
0 |
1 |
|
|
CHH FORMATIONS LIMITED |
17 |
137 |
|
|
Suresh Kalra |
0 |
1 |
|
|
Average Invoice Value |
Ł73.91 |
||
|
Invoices available |
18 |
||
|
Paid |
16 |
||
|
Outstanding |
2 |
||
|
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 |
9 |
4 |
2 |
0 |
1 |
|
Outstanding |
2 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
|
GBP |
1 |
Rs.101.54 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
Report Prepared
by : |
SDA |
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.