MIRA INFORM REPORT

 

 

Report No. :

352564

Report Date :

12.12.2015

 

IDENTIFICATION DETAILS

 

Name :

PALADON SYSTEMS LIMITED

 

 

Formerly Known As :

PALADON (SYSTEMS) LIMITED

 

 

Registered Office :

Ferro Fields Brixworth Industrial Brixworth Northampton Nn6 9UA

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.09.2014

 

 

Date of Incorporation :

22.10.1981

 

 

Com. Reg. No.:

01592919

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of fluid power equipment.

 

 

No. of Employee :

46

 

 

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 Summary

 

Registered Address

FERRO FIELDS
BRIXWORTH INDUSTRIAL BRIXWORTH NORTHAMPTON NN6 9UA

Trading Address

 

Unit 3 House 4 Howe Moss Drive Kirkhill Industrial Estate
Dyce Aberdeen, Aberdeenshire AB21 0GL

Website Address

http://www.paladonsystems.com

 

 

Telephone Number

01604880700

Fax Number

 

TPS

No

FPS

No

Incorporation Date

22/10/1981

 

 

Previous Name

PALADON (SYSTEMS) LIMITED

Type

Private limited with Share Capital

FTSE Index

--

Date of Change

23/10/2002

Filing Date of Accounts

30/06/2015

Currency

GBP

Share Capital

£636

SIC07

28120

Charity Number

--

 

 

SIC07 Description

MANUFACTURE OF FLUID POWER EQUIPMENT

Principal Activity

A group engaged in manufacture and supply of products to the oil, gas, chemical and associated industries.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

30/09/2014

£10,613,644

£1,280,244

£3,693,741

46

30/09/2013

£10,000,083

£1,263,277

£2,962,631

38

30/09/2012

£6,991,460

£910,466

£2,001,468

35

 

 

Mortgage Summary

 

Total Mortgage              13

Outstanding                  2

Satisfied                       11

 

 

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 highly efficient use of assets.

This company has made late payments on a high 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

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

3

 

 

Current Directors

 

Name

Brian Ennever

Date of Birth

06/06/1948

Officers Title

Mr

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

25/03/1991

Address

Cherry Tree House, Walgrave Road Old, Northampton, NN6 9QX

 

Name

Eugenio Bettinardi

Date of Birth

01/06/1954

Officers Title

Mr

Nationality

Italian

Present Appointments

1

Function

Director

Appointment Date

10/02/2003

Address

Frazione Piana 11, 27050 Codevilla (Pv)

 

 

Current Company Secretary

 

Name

Laurence Edward Goode

Date of Birth

07/10/1956

Officers Title

Nationality

British

Present Appointments

6

Function

Company Secretary

Appointment Date

23/09/2005

Address

7 Bury Farm Close, Slapton, Leighton Buzzard, Bedfordshire, LU7 9DS

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

BRIAN ENNEVER

GBP

611

ORDINARY

1

96.07

EUGENIO BETTINARDI

GBP

25

ORDINARY

1

3.93

 

 

Profit & Loss

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

Y

(%)

Y

(%)

Y

(%)

N

(%)

N

Turnover

£10,613,644

6.1%

£10,000,083

43%

£6,991,460

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£6,078,064

2.7%

£5,916,282

70.2%

£3,476,552

-

-

-

-

Gross Profit

£4,535,580

11.1%

£4,083,801

16.2%

£3,514,908

-

-

-

-

Wages & Salaries

£2,374,296

14.9%

£2,065,865

13.7%

£1,817,423

-

-

-

-

Directors Emoluments

£389,067

74.3%

£223,245

44.8%

£154,194

-

-

-

-

Operating Profit

£1,317,945

1.1%

£1,303,920

34.7%

£968,279

-

-

-

-

Depreciation

£71,524

15.4%

£61,954

132.7%

£26,628

13%

£23,564

-7.7%

£25,540

Audit Fees

£8,000

-

£8,000

6.7%

£7,500

-

-

-

-

Interest Payments

£37,823

-9.2%

£41,654

-28.8%

£58,497

-

-

-

-

Pre Tax Profit

£1,280,244

1.3%

£1,263,277

38.8%

£910,466

-

-

-

-

Taxation

-£402,788

-10.6%

-£364,033

-34%

-£271,751

-

-

-

-

Profit After Tax

£877,456

-2.4%

£899,244

40.8%

£638,715

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£877,456

-2.4%

£899,244

40.8%

£638,715

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

Tangible Assets

£280,091

39.8%

£200,300

16.2%

£172,429

-65.9%

£505,935

-1.6%

£514,058

Intangible Assets

£128,226

-10.7%

£143,613

-9.7%

£159,000

-

0

-

0

Total Fixed Assets

£408,317

18.7%

£343,913

3.8%

£331,429

-34.5%

£505,935

-1.6%

£514,058

Stock

£910,314

-45.3%

£1,662,931

44.1%

£1,153,764

976.1%

£107,215

-10.4%

£119,660

Trade Debtors

£2,254,823

-31.4%

£3,287,728

86.9%

£1,759,450

54.7%

£1,137,184

49.3%

£761,818

Cash

£1,526,867

84.4%

£828,110

75.6%

£471,722

118.7%

£215,723

0.8%

£213,967

Other Debtors

£439,014

1.4%

£433,060

-42.5%

£752,806

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£5,131,018

-17.4%

£6,211,829

50.1%

£4,137,742

183.4%

£1,460,122

33.3%

£1,095,445

Trade Creditors

£600,314

-69.8%

£1,985,297

85.7%

£1,068,970

-7.6%

£1,156,333

85.7%

£622,768

Bank Loans & Overdrafts

0

-100%

£478,207

65.9%

£288,325

3.1%

£279,594

8.5%

£257,655

Other Short Term Finance

£4,211

8.9%

£3,866

0.4%

£3,850

-

0

-

0

Miscellaneous Current Liabilities

£1,220,738

10.5%

£1,104,624

1.8%

£1,084,795

-

0

-

0

Total Current Liabilities

£1,825,263

-48.9%

£3,571,994

46%

£2,445,940

70.3%

£1,435,927

63.1%

£880,423

Bank Loans & Overdrafts and LTL

£20,331

-95.9%

£499,324

61%

£310,088

10.9%

£279,594

8.5%

£257,655

Other Long Term Finance

£2,243

-65.3%

£6,456

-37.5%

£10,333

-

0

-

0

Total Long Term Liabilities

£20,331

-3.7%

£21,117

-3%

£21,763

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

Called Up Share Capital

£636

-

£636

-

£636

-

£636

-

£636

P & L Account Reserve

£3,931,645

28.7%

£3,054,188

41.7%

£2,154,944

307.3%

£529,130

-27.3%

£728,080

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-£238,540

-158.7%

-£92,193

40.2%

-£154,112

-999.9%

£364

-

£364

Shareholder Funds

£3,693,741

24.7%

£2,962,631

48%

£2,001,468

277.5%

£530,130

-27.3%

£729,080

 

 

Other Financial Items

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

Net Worth

£3,565,515

26.5%

£2,819,018

53%

£1,842,468

247.6%

£530,130

-27.3%

£729,080

Working Capital

£3,305,755

25.2%

£2,639,835

56%

£1,691,802

999.9%

£24,195

-88.7%

£215,022

Total Assets

£5,539,335

-15.5%

£6,555,742

46.7%

£4,469,171

127.3%

£1,966,057

22.2%

£1,609,503

Total Liabilities

£1,845,594

-48.6%

£3,593,111

45.6%

£2,467,703

71.9%

£1,435,927

63.1%

£880,423

Net Assets

£3,693,741

24.7%

£2,962,631

48%

£2,001,468

277.5%

£530,130

-27.3%

£729,080

 

 

Cash Flow

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

Net Cashflow from Operations

£1,803,758

206.1%

£589,313

211.3%

£189,288

-

-

-

-

Net Cashflow before Financing

£1,180,833

593.1%

£170,366

262.9%

-£104,596

-

-

-

-

Net Cashflow from Financing

-£482,076

-359.1%

£186,022

711.8%

£22,914

-

-

-

-

Increase in Cash

£698,757

96.1%

£356,388

536.3%

-£81,682

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£3,714,072

24.5%

£2,983,748

47.5%

£2,023,231

281.6%

£530,130

-27.3%

£729,080

Number of Employees

46

21.1%

38

8.6%

35

-

-

-

-

 

 

Accountants

Auditors

MHA MACINTYRE HUDSON

Auditor Comments

The audit report contains no adverse comments

Bankers

BARCLAYS BANK PLC

Bank Branch Code

20-07-71

 

 

Ratios

 

Date Of Accounts

30/09/14

30/09/13

30/09/12

30/09/11

30/09/10

Pre-tax profit margin %

12.06

12.63

13.02

-

-

Current ratio

2.81

1.74

1.69

1.02

1.24

Sales/Net Working Capital

3.21

3.79

4.13

-

-

Gearing %

0.60

16.90

15.50

52.70

35.30

Equity in %

68.30

46.20

46.40

27

45.30

Creditor Days

20.58

72.26

55.65

-

-

Debtor Days

77.33

119.67

91.60

-

-

Liquidity/Acid Test

2.31

1.27

1.21

0.94

1.10

Return On Capital Employed %

34.47

42.33

45

-

-

Return On Total Assets Employed %

23.11

19.26

20.37

-

-

Current Debt Ratio

0.49

1.20

1.22

2.70

1.20

Total Debt Ratio

0.49

1.21

1.23

2.70

1.20

Stock Turnover Ratio %

8.57

16.62

16.50

-

-

Return on Net Assets Employed %

34.65

42.64

45.48

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

09/07/2015

New Accounts Filed

01/05/2015

Annual Returns

16/04/2014

Annual Returns

28/03/2014

New Accounts Filed

28/03/2014

New Accounts Filed

04/04/2013

Annual Returns

11/03/2013

New Accounts Filed

26/06/2012

New Accounts Filed

26/06/2012

New Accounts Filed

31/03/2012

Annual Returns

19/04/2011

New Accounts Filed

19/04/2011

New Accounts Filed

24/03/2011

Annual Returns

27/03/2010

Annual Returns

19/03/2010

New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

23/10/2002

PALADON (SYSTEMS) LIMITED

31/12/1981

BARDALE ENGINEERING LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

 

Group Structure Full

 

No Group Structure

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

28/07/15

Date Charge Registered:

31/07/15

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.

Mortgage Type:

FIXED & FLOATING CHARGE

Date Charge Created:

02/06/09

Date Charge Registered:

10/06/09

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

08/03/05

Date Charge Registered:

09/03/05

Date Charge Satisfied:

09/09/11

Status:

SATISFIED

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (SECURITY HOLDER)

Amount Secured:

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:

FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

08/03/05

Date Charge Registered:

09/03/05

Date Charge Satisfied:

09/09/11

Status:

SATISFIED

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (SECURITY HOLDER)

Amount Secured:

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:

05/12/03

Date Charge Registered:

16/12/03

Date Charge Satisfied:

09/09/11

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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:

FIXED AND FLOATING CHARGE

Date Charge Created:

11/06/96

Date Charge Registered:

12/06/96

Date Charge Satisfied:

17/01/03

Status:

SATISFIED

Person(s) Entitled:

LONDON & INTERNATIONAL MERCANTILE LTD

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE DEED OF BLANKET INDEMNITY DATED17TH APRIL 1996 OR OTHERWISE

Details:

1. BY WAY OF FIXED EQUITABLE CHARGE THETRADE ACCOUNT AND THE SECURITY ACCOUNT AND ALL RECEIVABLES; AND 2. BY WAY OF FLOATING CHARGE A) THE FLOATING ASSETS AND; B) ANY RECEIVABLE TO THE EXTENT THAT THECHARGE THEREON SPECIFIED IN CLAUSE 1.ABOVE SHALL BE INEFFECTIVE AS A FIXED CHARGE

 

Mortgage Type:

CHARGE

Date Charge Created:

20/03/95

Date Charge Registered:

22/03/95

Date Charge Satisfied:

09/09/11

Status:

SATISFIED

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

Details:

FIXED CHARGE ON ALL GOODWILL AND UNCALLED CAPITAL FOR THE TIME BEING OF THE COMPANY; AND ALL PATENTSPATENT APPLICATIONS INVENTIONS TRADE MARKS TRADE NAMES ETC

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

09/03/90

Date Charge Registered:

22/03/90

Date Charge Satisfied:

17/01/03

Status:

SATISFIED

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:

F/H LAND & PREMISES BEING LAND ON THE EAST SIDE OF HARBOROUGH ROAD SCALDWELL ROAD INDUSTRIAL ESTATEBRIXWORTH NORTHAMPTONSHIRE TITLE NO NN 125852

 

Mortgage Type:

MORTGAGE

Date Charge Created:

20/02/90

Date Charge Registered:

23/02/90

Date Charge Satisfied:

12/12/00

Status:

SATISFIED

Person(s) Entitled:

3I PLC

Amount Secured:

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

Details:

LAND ON THE EAST SIDE OF HARBOROUGH ROAD FERRO FIELDS SCALDWELL ROAD INDUSTRIALESTATE BRIXWORTH NORTHANTS TITLE NO NN 125852

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

24/11/87

Date Charge Registered:

30/11/87

Date Charge Satisfied:

12/12/00

Status:

SATISFIED

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:

F/H LANDS & PREMISES BEING UNIT 5 STAVELEY WAY BRIXWORTH INDUSTRIAL ESTATE BRIXWORTH NORTHAMPTON

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

12/06/87

Date Charge Registered:

17/06/87

Date Charge Satisfied:

12/12/00

Status:

SATISFIED

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:

F/H - UNIT 12 STAVELEY WAY, BRIXWORTH INDUSTRIAL ESTATE, BRIXWORTH, NORTHAMPTON.

Mortgage Type:

FIXED AND FLOATING CHARGE

Date Charge Created:

12/06/87

Date Charge Registered:

17/06/87

Date Charge Satisfied:

09/09/11

Status:

SATISFIED

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

Details:

FIRST FIXED CHARGE ON ALL BOOK AND OTHER DEBTS FLOATING CHARGE ON ALL THEUNDERTAKING AND ALL PROPERTY AND ASSETSPRESENT AND FUTURE INCLUDING UNCALLED CAPITAL

 

Mortgage Type:

DEBENTURE

Date Charge Created:

30/06/83

Date Charge Registered:

04/07/83

Date Charge Satisfied:

12/12/00

Status:

SATISFIED

Person(s) Entitled:

FFI (UK FINANCE) PUBLIC LIMITED COMPANY.

Amount Secured:

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

Details:

FIXED AND FLOATING CHARGE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOK DEBTS ANDOTHER DEBTS UNCALLED CAPITAL, STOCK-IN-TRADE, WORK-IN-PROGRESS, PREPAYMENTS ANDINVESTMENTS WITH ALL BUILDINGS AND FIXTURES (INC TRADE FIXTURES) FIXED PLANT AND MACHINERY. (PLEASE SEE DOC M15).

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Alan David Woollcott

6

10

Clifford Edward Davidson

5

2

Neville Paul Chamerlain

0

1

Average Invoice Value

Ł331.44

Invoices available

101

Paid

101

Outstanding

0

 

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

6

62

19

8

6

Outstanding

0

0

0

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 :

HNA

 

 

Report Prepared by :

ANK

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.