MIRA INFORM REPORT

 

 

Report No. :

354343

Report Date :

12.12.2015

 

IDENTIFICATION DETAILS

 

Name :

MOLLART ENGINEERING LIMITED

 

 

Formerly Known As :

MOLLART LIMITED

 

 

Registered Office :

106 Roebuck Road Chessington Surrey Kt9 1eu

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

26.05.1981

 

 

Com. Reg. No.:

01563799

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :
  • Manufacture of Other Special-Purpose Machinery N.E.C.
  • The design and manufacture of the deep hole drilling metal cutting machine tools, the sale and manufacture under licence of botek deep hole drilling tooling and subcontract project and engineering for the metal cutting industry.

 

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 :

Slow but correct

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:           MOLLART ENGINEERING LIMITED

Company No:                01563799

Company Status:          Active - Accounts Filed

Status                           Active

Registered Address:      106 ROEBUCK ROAD CHESSINGTON SURREY KT9 1EU

 

 

Company Summary

 

Registered Address

106 ROEBUCK ROAD
CHESSINGTON
SURREY
KT9 1EU

 

Trading Address

106 Roebuck Road
Chessington
Surrey
KT9 1EU

 

Website Address           http://www.mollart.com

 

Telephone Number        02083912282

 

TPS                              No

FPS                              No

Incorporation Date         26/05/1981

 

Previous Name              MOLLART LIMITED

Type                             Private limited with Share Capital

 

FTSE Index                   -

Date of Change             18/12/1998

Filing Date of Accounts             08/10/2015

Currency                       GBP

Share Capital                £10,002

SIC07                           28990

Charity Number             -

SIC07 Description         MANUFACTURE OF OTHER SPECIAL-PURPOSE MACHINERY N.E.C.

Principal Activity           The design and manufacture of the deep hole drilling metal cutting machine tools, the sale and manufacture under licence of botek deep hole drilling tooling and subcontract project and engineering for the metal cutting industry.

 

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit   Shareholder     Funds Employees

31/03/2015        £20,021,137      £388,880           £5,211,219        138

31/03/2014        £18,793,045      £665,072           £4,998,771        126

31/03/2013        £15,193,783      £643,974           £4,428,462        113

 

 

Mortgage Summary

 

Total Mortgage  14

Outstanding      4

Satisfied           10

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade       2

Total Value of Documented Trade          £15,941

 

 

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

6

 

 

Current Directors

 

Name

Guy Arthur Mollart

Date of Birth

03/01/1956

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

24/09/1991

Address

106 Roebuck Road, Chessington, Surrey, KT9 1EU

 

Name

Christopher Charles Barker

Date of Birth

11/03/1956

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/10/1996

Address

106 Roebuck Road, Chessington, Surrey, KT9 1EU

 

Name

Michael David Pragnell

Date of Birth

28/03/1957

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/04/1998

Address

106 Roebuck Road, Chessington, Surrey, KT9 1EU

 

Name

Ian Petitt

Date of Birth

30/11/1958

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

10/03/2006

Address

106 Roebuck Road, Chessington, Surrey, KT9 1EU

 

Name

Wayne Justin Thomas

Date of Birth

06/07/1976

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

05/09/2012

Address

Mollart Engineering Ltd Neath Vale Supplier Park, Resolven, Neath, West Glamorgan, SA11 4SR

 

Name

Jonathan James Upton

Date of Birth

01/06/1978

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

12/10/2015

Address

106 Roebuck Road, Chessington, Surrey, KT9 1EU

 

Current Company Secretary

Name

Jonathan James Upton

Date of Birth

-

Officers Title

Mr

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

30/07/2015

Address

106 Roebuck Road, Chessington, Surrey, KT9 1EU

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MOLLART HOLDINGS LTD

GBP

10,002

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

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£20,021,137

6.5%

£18,793,045

23.7%

£15,193,783

5.4%

£14,418,898

12.4%

£12,831,840

Export

£12,095,219

4.8%

£11,544,260

46.1%

£7,901,009

19%

£6,642,294

4.8%

£6,339,338

Cost of Sales

£15,192,736

6.2%

£14,301,633

31.7%

£10,862,479

7.9%

£10,069,646

8.5%

£9,282,962

Gross Profit

£4,828,401

7.5%

£4,491,412

3.7%

£4,331,304

-0.4%

£4,349,252

22.6%

£3,548,878

Wages & Salaries

£5,180,522

11.8%

£4,635,660

4.2%

£4,450,025

12.5%

£3,954,388

4.3%

£3,790,596

Directors Emoluments

£336,951

-8.6%

£368,549

-11.4%

£416,063

19.9%

£347,103

20%

£289,248

Operating Profit

£566,340

-26.8%

£773,665

-5.9%

£822,471

-37.1%

£1,307,467

73.3%

£754,425

Depreciation

£676,672

-5.3%

£714,252

18.5%

£602,621

11.5%

£540,305

-12.8%

£619,847

Audit Fees

£15,375

11.8%

£13,750

3.8%

£13,250

6%

£12,500

11.1%

£11,250

Interest Payments

£177,460

63.4%

£108,593

-39.2%

£178,497

999.9%

£12,095

-94.1%

£205,838

Pre Tax Profit

£388,880

-41.5%

£665,072

3.3%

£643,974

-41.2%

£1,095,372

99.7%

£548,587

Taxation

£23,568

124.9%

-£94,763

-172.6%

-£34,757

86.2%

-£250,954

-28.8%

-£194,787

Profit After Tax

£412,448

-27.7%

£570,309

-6.4%

£609,217

-27.9%

£844,418

138.7%

£353,800

Dividends Payable

£200,000

-

-

-

-

-

-

-

-

Retained Profit

£212,448

-62.7%

£570,309

-6.4%

£609,217

-27.9%

£844,418

138.7%

£353,800

Balance Sheet

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Tangible Assets

£4,375,071

17.3%

£3,730,772

10.6%

£3,372,391

5.9%

£3,184,909

-0.8%

£3,210,290

Intangible Assets

£448,060

22.8%

£364,927

3.4%

£352,844

571.4%

£52,554

29%

£40,749

Total Fixed Assets

£4,823,131

17.8%

£4,095,699

9.9%

£3,725,235

15.1%

£3,237,463

-0.4%

£3,251,039

Stock

£1,966,540

-20.8%

£2,483,001

36.7%

£1,816,650

-14.2%

£2,117,691

13.4%

£1,867,800

Trade Debtors

£3,884,431

-15.1%

£4,572,640

59.1%

£2,874,587

14.3%

£2,515,173

-5.4%

£2,659,151

Cash

£1,484,539

28.1%

£1,159,312

144.4%

£474,397

4.8%

£452,834

-15.9%

£538,598

Other Debtors

£1,944,346

-9.4%

£2,146,090

-19.9%

£2,680,935

98.3%

£1,352,140

42.4%

£949,214

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£9,279,856

-10.4%

£10,361,043

32%

£7,846,569

21.9%

£6,437,838

7%

£6,014,763

Trade Creditors

£2,537,698

-14.2%

£2,957,583

24.8%

£2,370,751

35.7%

£1,746,967

-10.3%

£1,948,606

Bank Loans & Overdrafts

£778,305

36.4%

£570,675

143%

£234,849

6.1%

£221,289

-18.8%

£272,678

Other Short Term Finance

£1,872,546

53.1%

£1,222,813

9.4%

£1,117,989

1.4%

£1,102,667

-37%

£1,749,502

Miscellaneous Current Liabilities

£2,196,290

-39.3%

£3,621,184

31.7%

£2,750,093

34.9%

£2,038,925

80.1%

£1,131,949

Total Current Liabilities

£7,384,839

-11.8%

£8,372,255

29.3%

£6,473,682

26.7%

£5,109,848

0.1%

£5,102,735

Bank Loans & Overdrafts and LTL

£2,285,234

38%

£1,656,391

83.1%

£904,509

-6.5%

£967,497

-33.8%

£1,460,918

Other Long Term Finance

£910,655

99.1%

£457,433

37.7%

£332,256

-5.2%

£350,415

-52.4%

£736,699

Total Long Term Liabilities

£1,506,929

38.8%

£1,085,716

62.1%

£669,660

-10.3%

£746,208

-37.2%

£1,188,240

.

Capital & Reserves

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Called Up Share Capital

£10,002

-

£10,002

-

£10,002

-

£10,002

-

£10,002

P & L Account Reserve

£5,201,217

4.3%

£4,988,769

12.9%

£4,418,460

16%

£3,809,243

28.5%

£2,964,825

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£5,211,219

4.3%

£4,998,771

12.9%

£4,428,462

16%

£3,819,245

28.4%

£2,974,827

Other Financial Items

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Net Worth

£4,763,159

2.8%

£4,633,844

13.7%

£4,075,618

8.2%

£3,766,691

28.4%

£2,934,078

Working Capital

£1,895,017

-4.7%

£1,988,788

44.9%

£1,372,887

3.4%

£1,327,990

45.6%

£912,028

Total Assets

£14,102,987

-2.4%

£14,456,742

24.9%

£11,571,804

19.6%

£9,675,301

4.4%

£9,265,802

Total Liabilities

£8,891,768

-6%

£9,457,971

32.4%

£7,143,342

22%

£5,856,056

-6.9%

£6,290,975

Net Assets

£5,211,219

4.3%

£4,998,771

12.9%

£4,428,462

16%

£3,819,245

28.4%

£2,974,827

Cash Flow

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

Miscellaneous

Date Of Accounts

31/03/15

(%)

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£6,718,148

10.4%

£6,084,487

19.3%

£5,098,122

11.7%

£4,565,453

9.7%

£4,163,067

Number of Employees

138

9.5%

126

11.5%

113

8.7%

104

13%

92

Accountants

Auditors

MENZIES LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

HSBC BANK PLC

Bank Branch Code

40-26-12

Ratios

Date Of Accounts

31/03/15

31/03/14

31/03/13

31/03/12

31/03/11

Pre-tax profit margin %

1.94

3.54

4.24

7.60

4.28

Current ratio

1.26

1.24

1.21

1.26

1.18

Sales/Net Working Capital

10.57

9.45

11.07

10.86

14.07

Gearing %

43.90

33.10

20.40

25.30

49.10

Equity in %

38.20

35.50

39.50

39.70

32.20

Creditor Days

46.13

57.28

56.79

44.10

55.27

Debtor Days

70.62

88.56

68.86

63.49

75.43

Liquidity/Acid Test

0.99

0.94

0.93

0.84

0.81

Return On Capital Employed %

5.78

10.93

12.63

23.99

13.17

Return On Total Assets Employed %

2.75

4.60

5.56

11.32

5.92

Current Debt Ratio

1.41

1.67

1.46

1.33

1.71

Total Debt Ratio

1.70

1.89

1.61

1.53

2.11

Stock Turnover Ratio %

9.82

13.21

11.95

14.68

14.55

Return on Net Assets Employed %

7.46

13.30

14.54

28.68

18.44

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

23/11/2015

Annual Returns

23/10/2015

New Accounts Filed

23/10/2015

New Accounts Filed

19/10/2015

New Board Member Mr J.J. Upton appointed

06/09/2015

Annual Returns

03/08/2015

Mr A. Pond has resigned as company secretary

03/08/2015

New Company Secretary Mr J.J. Upton appointed

07/07/2015

Payment Data Update Recieved

17/11/2014

New Accounts Filed

17/11/2014

New Accounts Filed

03/09/2014

Annual Returns

31/12/2013

New Accounts Filed

31/12/2013

New Accounts Filed

02/09/2013

Annual Returns

28/11/2012

New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

18/12/1998

MOLLART LIMITED

30/09/1986

ARTHUR MOLLART & COMPANY LIMITED

04/08/1982

JACKPOWER LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

2 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

MOLLART HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

MOLLART HOLDINGS LIMITED

 

 

Group Structure Full

 

Company Name

Safe Number

Registered Number

Latest Key Financials

Consol. Accounts

Rating

Limit

Turnover

MOLLART HOLDINGS LIMITED

 

UK01306371

01638766

31.03.2015

Y

43

£110,000

£20,021,137

MOLLART ENGINEERING LI...

 

UK01231971

01563799

31.03.2015

N

70

£305,000

£20,021,137

 

 

Mortgage Details

 

Mortgage Type:

LEGAL ASSIGNMENT

Date Charge Created:

04/08/09

Date Charge Registered:

08/08/09

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE

Mortgage Type:

MORTGAGE

Date Charge Created:

30/03/07

Date Charge Registered:

04/04/07

Date Charge Satisfied:

24/11/15

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

ONE YAMAZAKI MAZAK HORIZONTAL LATHE INTEGREX E650H - SERIAL NUMBER 159759 TOGETHER WITH ALL ACCESSORIES AND COMPONENT PARTS AND ALL IMPROVEMENTS AND RENEWALS THEREOF TOGETHER ALSO WITH ALL BOOKS MANUALS HANDBOOKS TECHNICAL DATA DRAWINGS SCHEDULES AND OTHER DOCUMENTATION

 

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

16/02/05

Date Charge Registered:

18/02/05

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

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 FACTORED RECEIVABLES WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER PURSUANT TO THE AGREEMENT

Mortgage Type:

FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

16/02/05

Date Charge Registered:

18/02/05

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

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 FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO

 

Mortgage Type:

DEBENTURE

Date Charge Created:

09/02/05

Date Charge Registered:

16/02/05

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC 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

Mortgage Type:

DEED OF CHARGE OVER CREDIT BALANCES

Date Charge Created:

06/01/04

Date Charge Registered:

10/01/04

Date Charge Satisfied:

24/11/15

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

BARCLAYS BANK PLC RE MOLLART ENGINEERING LIMITED EURO SAVINGS ACCOUNT ACCOUNT NO 84847999THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL ORANY PART OF THE MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTERESTFROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHARGORFOR THE PURPOSES OF AND TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON

 

Mortgage Type:

DEED OF CHATTEL MORTGAGE

Date Charge Created:

20/03/03

Date Charge Registered:

04/04/03

Date Charge Satisfied:

24/11/15

Status:

SATISFIED

Person(s) Entitled:

CLOSE ASSET FINANCE LTD;

Amount Secured:

Details:

1996 DAEWOO ACE V59 2APS VERTICAL MACHINING CENTRE S/NO AV450195, 1994 MORI SEIKI MV45/40 VERTICAL MACHINING CENTRE S/NO 1647, 1990 MORI SEIKI MV65 VERTICAL MACHINING CENTRE S/NO 470, FOR DETAILS OF FURTHER CHATTELS CHARGED PLEASE REFER TOTHE FORM 395SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

CHATTELS MORTGAGE

Date Charge Created:

30/09/99

Date Charge Registered:

30/09/99

Date Charge Satisfied:

24/11/15

Status:

SATISFIED

Person(s) Entitled:

HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK) LIMITED;

Amount Secured:

Details:

THE CHATTELS DESCRIBED AS NEW STUDER CNC UNIVERSAL CYLINDRICAL GRINDING MACHINES30 LEAN PRO, S/NO 022.0172.90.029

 

Mortgage Type:

CHARGE

Date Charge Created:

29/01/91

Date Charge Registered:

01/02/91

Date Charge Satisfied:

05/05/07

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

THE SUM OF £62,500 ON AN ACCOUNT NUMBERED 01606298 AND EARMARKED OR DESIGNATED BY REFERENCE TO THE COMPANY.

Mortgage Type:

CHARGE OVER CREDIT BALANCE

Date Charge Created:

03/11/86

Date Charge Registered:

07/11/87

Date Charge Satisfied:

05/05/07

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

ALL MONIES FROM TIME TO TIME HELD TO THE CREDIT OF THE COMPANY BY THE NATIONAL WESTMINSTER BANK PLC

 

Mortgage Type:

FURTHER LEGAL CHARGE

Date Charge Created:

04/09/87

Date Charge Registered:

10/09/87

Date Charge Satisfied:

06/03/03

Status:

SATISFIED

Person(s) Entitled:

NORWICH GENERAL TRUST LIMITED

Amount Secured:

SECURING £430,000 DUE FROM MOLLART HOLDINGS LIMITED TO NORWICH GENERAL TRUSTLIMITED AND ALL OTHERMONEYS AS STATED IN THE LEGAL CHARGE DATED 15.1.85

Details:

L/H OFFICE/WORKSHOP PREMISES K/A 108 RED BUCK ROAD CHESSINGTON, SURREY & PREMISES K/A 110 ROE BUCKROAD, CHESSINGTON, SURREY.

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

15/01/85

Date Charge Registered:

22/01/85

Date Charge Satisfied:

06/03/03

Status:

SATISFIED

Person(s) Entitled:

NORWICH GENERAL TRUST LIMITED

Amount Secured:

£175,000 & ALL OTHER MONEYS DUE OR TO BECOME DUE FROM MELLAIR HOLDINGS LIMITED TO THE CHARGEE.

Details:

L/H - 108 ROEBUCK RD, CHESSINGTON SURREY

 

Mortgage Type:

CHARGE

Date Charge Created:

19/03/84

Date Charge Registered:

28/03/84

Date Charge Satisfied:

05/05/07

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE IN RELATION TOA LETTER OF UNDERTAKING BY NATIONAL WESTMINSTER BANK PLC D/D 16.2.84.

Details:

£14242.60 TOGETHER WITH INTEREST ACCRUED HELD BY THE BANK ON AN ACCOUNT IN THE NAME OF THE BANKAND EARMARKED RE THECOMPANY,

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

02/06/83

Date Charge Registered:

08/06/83

Date Charge Satisfied:

18/07/07

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

A SPECIFIC EQUITABLE CHARGE OVER THE COMPANY\S ESTATE OR INTEREST IN ALL F/H ORL/H PROPERTIES AND THE PROCEEDS OF SALETHEREOF. FIXED & FLOATING CHARGE ON THEUNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE INCLUDING GOODWILL &BOOKDEBTS UNCALLED CAPITAL.

 

 

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

2

£15,941

 

Company Name

Amount

Statement Date

Gun Drills & Reamers Limited

£12,871

28/08/2012

Saint Engineering Limited

£3,070

30/10/2009

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Victor Douglas Fenton

4

19

Victor Douglas Fenton

4

19

Colin Sawden

0

2

John Mercer

2

1

Gabrielle Lorna Mollart

0

2

Andrew Pond

2

2

Average Invoice Value

Ł666

Invoices available

550

Paid

534

Outstanding

16

 

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

131

324

44

24

11

Outstanding

0

14

2

0

0

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.10

Euro

1

Rs.73.10

GBP

1

Rs.101.88

Note : Above are approximate rates obtained from sources believed to be correct

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

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%)

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.