MIRA INFORM REPORT
|
Report No. : |
354103 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MITEL NETWORKS LIMITED |
|
|
|
|
Formerly Known As : |
MITEL TELECOM LIMITED |
|
|
|
|
Registered Office : |
Castlegate Business Park, Portskewett,
Monmouthshire, NP26 5YR |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
21.04.1977 |
|
|
|
|
Com. Reg. No.: |
01309629 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
·
Acts as a sales marketing and support operation. |
|
|
|
|
No. of Employee : |
377 |
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 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
MITEL NETWORKS
LIMITED
Company
No
01309629
Registered
Address
CASTLEGATE
BUSINESS PARKPORTSKEWETTMONMOUTHSHIRENP26 5YR
Company
Summary
Registered
Address
CASTLEGATE
BUSINESS PARK
PORTSKEWETT
MONMOUTHSHIRE
NP26 5YR
Trading
Address
Castlegate
Business Park
Portskewett
Caldicot
Gwent
NP26 5YR
Website
Address http://www.mitel.com
Telephone
Number 08709092020
Fax
Number
TPS No
FPS No
Incorporation
Date 21/04/1977
Previous
Name MITEL TELECOM LIMITED
Type Private limited with Share
Capital
FTSE
Index -
Date
of Change 09/03/2001
Filing
Date of Accounts 30/09/2015
Currency GBP
Share
Capital £73,816,467
SIC07 61900
Charity
Number -
SIC07
Description OTHER
TELECOMMUNICATIONS ACTIVITIES
Principal
Activity Acts as a sales
marketing and support operation.
Key
Financials
Year
to Date Turnover Pre Tax Profit Shareholder Funds
Employees
31/12/2014 £106,304,000 £1,261,000 £16,929,000 377
31/12/2013 £63,748,000 £1,678,000 £38,852,000 366
30/04/2013 £106,236,000 £6,273,000 £20,988,000 375
Mortgage
Summary
Total
Mortgage 27
Outstanding 3
Satisfied 24
Trade
Debtors / Bad Debt Summary
Total
Number of Documented Trade 3
Total
Value of Documented Trade £18,114
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 relatively
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 moderate 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 1
Total Previous Directors / Company
Secretaries 22
Current Directors
|
Name |
Graham
Bevington |
Date
of Birth |
01/03/1960 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
12 |
Function |
Director |
|
Appointment
Date |
16/02/2001 |
||
|
Address |
Castlegate
Business Park, Portskewett, Monmouthshire, NP26 5YR |
||
|
Name |
Steven
Edward Spooner |
Date
of Birth |
29/05/1958 |
|
Officers
Title |
Mr |
Nationality |
Canadian |
|
Present
Appointments |
6 |
Function |
Director |
|
Appointment
Date |
20/06/2003 |
||
|
Address |
Castlegate
Business Park, Portskewett, Monmouthshire, NP26 5YR |
||
|
Name |
Gregory
James Hiscock |
Date
of Birth |
12/04/1967 |
|
Officers
Title |
Mr |
Nationality |
Canadian |
|
Present
Appointments |
15 |
Function |
Director |
|
Appointment
Date |
07/07/2008 |
||
|
Address |
Castlegate
Business Park, Portskewett, Monmouthshire, NP26 5YR |
||
Current Company Secretary
|
Name |
James
Andrew Evans |
Date
of Birth |
01/09/1971 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
8 |
Function |
Company
Secretary |
|
Appointment
Date |
01/11/2006 |
||
|
Address |
Castlegate
Business Park, Portskewett, Monmouthshire, NP26 5YR |
||
Top
20 Shareholders
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
MITEL
NETWORKS HOLDINGS LTD |
GBP |
73,816,467 |
ORDINARY |
1 |
100 |
Financials
Profit & Loss
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
|
Weeks |
52 |
(%) |
35 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£106,304,000 |
66.8% |
£63,748,000 |
-40% |
£106,236,000 |
-4.4% |
£111,109,000 |
6% |
£104,851,000 |
|
Export |
£36,988,000 |
58.4% |
£23,349,000 |
-37.2% |
£37,151,000 |
-8.6% |
£40,667,000 |
-0.2% |
£40,756,000 |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
£21,764,000 |
60.6% |
£13,553,000 |
-23.3% |
£17,660,000 |
-18.4% |
£21,654,000 |
2% |
£21,230,000 |
|
Directors Emoluments |
£390,000 |
91.2% |
£204,000 |
-32.2% |
£301,000 |
9.9% |
£274,000 |
13.7% |
£241,000 |
|
Operating Profit |
£3,107,000 |
15.4% |
£2,692,000 |
-67.5% |
£8,295,000 |
201.5% |
£2,751,000 |
-25.2% |
£3,677,000 |
|
Depreciation |
£574,000 |
45.7% |
£394,000 |
-36.8% |
£623,000 |
28.5% |
£485,000 |
-20.4% |
£609,000 |
|
Audit Fees |
£90,000 |
2.3% |
£88,000 |
15.8% |
£76,000 |
- |
£76,000 |
16.9% |
£65,000 |
|
Interest Payments |
£556,000 |
-47.7% |
£1,063,000 |
-79.5% |
£5,193,000 |
-7.7% |
£5,627,000 |
299.9% |
£1,407,000 |
|
Pre Tax Profit |
£1,261,000 |
-24.9% |
£1,678,000 |
-73.3% |
£6,273,000 |
328.5% |
£1,464,000 |
-36.2% |
£2,295,000 |
|
Taxation |
-£489,000 |
4.9% |
-£514,000 |
66.6% |
-£1,538,000 |
-180.7% |
-£548,000 |
66.8% |
-£1,651,000 |
|
Profit After Tax |
£772,000 |
-33.7% |
£1,164,000 |
-75.4% |
£4,735,000 |
416.9% |
£916,000 |
42.2% |
£644,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£772,000 |
-33.7% |
£1,164,000 |
-75.4% |
£4,735,000 |
416.9% |
£916,000 |
42.2% |
£644,000 |
Balance Sheet
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
|
Tangible Assets |
£56,929,000 |
0.8% |
£56,467,000 |
-0.3% |
£56,613,000 |
-0.4% |
£56,851,000 |
1.1% |
£56,245,000 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£56,929,000 |
0.8% |
£56,467,000 |
-0.3% |
£56,613,000 |
-0.4% |
£56,851,000 |
1.1% |
£56,245,000 |
|
Stock |
£8,297,000 |
-9% |
£9,116,000 |
6% |
£8,604,000 |
8.4% |
£7,939,000 |
50.2% |
£5,286,000 |
|
Trade Debtors |
£24,874,000 |
45.1% |
£17,147,000 |
-34.2% |
£26,051,000 |
-7% |
£27,997,000 |
2.4% |
£27,330,000 |
|
Cash |
£17,554,000 |
7.9% |
£16,266,000 |
0.4% |
£16,205,000 |
22.8% |
£13,193,000 |
12.1% |
£11,771,000 |
|
Other Debtors |
£5,395,000 |
-39.1% |
£8,864,000 |
0.2% |
£8,846,000 |
1.5% |
£8,712,000 |
0.2% |
£8,693,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£56,120,000 |
9.2% |
£51,393,000 |
-13.9% |
£59,706,000 |
3.2% |
£57,841,000 |
9% |
£53,080,000 |
|
Trade Creditors |
£2,879,000 |
-27.9% |
£3,991,000 |
-12.7% |
£4,571,000 |
-12.7% |
£5,233,000 |
18.1% |
£4,430,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£11,789,000 |
19.6% |
£9,857,000 |
-36.2% |
£15,448,000 |
11.4% |
£13,865,000 |
7.1% |
£12,944,000 |
|
Miscellaneous Current Liabilities |
£19,799,000 |
30.4% |
£15,185,000 |
-11.3% |
£17,127,000 |
6.8% |
£16,039,000 |
-8.1% |
£17,446,000 |
|
Total Current Liabilities |
£34,467,000 |
18.7% |
£29,033,000 |
-21.8% |
£37,146,000 |
5.7% |
£35,137,000 |
0.9% |
£34,820,000 |
|
Bank Loans & Overdrafts and LTL |
£61,653,000 |
54.2% |
£39,975,000 |
-31.3% |
£58,185,000 |
16.1% |
£50,116,000 |
34.2% |
£37,341,000 |
|
Other Long Term Finance |
£11,879,000 |
9.5% |
£10,845,000 |
- |
£10,845,000 |
2.9% |
£10,543,000 |
42.7% |
£7,388,000 |
|
Total Long Term Liabilities |
£61,653,000 |
54.2% |
£39,975,000 |
-31.3% |
£58,185,000 |
16.1% |
£50,116,000 |
34.2% |
£37,341,000 |
.
Capital & Reserves
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
|
Called Up Share Capital |
£73,816,000 |
- |
£73,816,000 |
- |
£73,816,000 |
- |
£73,816,000 |
- |
£73,816,000 |
|
P & L Account Reserve |
-£64,295,000 |
-51.7% |
-£42,372,000 |
29.7% |
-£60,236,000 |
-16.3% |
-£51,785,000 |
-17.5% |
-£44,060,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£7,408,000 |
- |
£7,408,000 |
- |
£7,408,000 |
- |
£7,408,000 |
- |
£7,408,000 |
|
Shareholder Funds |
£16,929,000 |
-56.4% |
£38,852,000 |
85.1% |
£20,988,000 |
-28.7% |
£29,439,000 |
-20.8% |
£37,164,000 |
Other Financial Items
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
|
Net Worth |
£16,929,000 |
-56.4% |
£38,852,000 |
85.1% |
£20,988,000 |
-28.7% |
£29,439,000 |
-20.8% |
£37,164,000 |
|
Working Capital |
£21,653,000 |
-3.2% |
£22,360,000 |
-0.9% |
£22,560,000 |
-0.6% |
£22,704,000 |
24.3% |
£18,260,000 |
|
Total Assets |
£113,049,000 |
4.8% |
£107,860,000 |
-7.3% |
£116,319,000 |
1.4% |
£114,692,000 |
4.9% |
£109,325,000 |
|
Total Liabilities |
£96,120,000 |
39.3% |
£69,008,000 |
-27.6% |
£95,331,000 |
11.8% |
£85,253,000 |
18.1% |
£72,161,000 |
|
Net Assets |
£16,929,000 |
-56.4% |
£38,852,000 |
85.1% |
£20,988,000 |
-28.7% |
£29,439,000 |
-20.8% |
£37,164,000 |
Cash Flow
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£78,582,000 |
-0.3% |
£78,827,000 |
-0.4% |
£79,173,000 |
-0.5% |
£79,555,000 |
6.8% |
£74,505,000 |
|
Number of Employees |
377 |
3% |
366 |
-2.4% |
375 |
-8.3% |
409 |
-5.1% |
431 |
|
Accountants |
|||||||||
|
Auditors |
DELOITTE LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse
comments |
||||||||
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
Bank Branch Code |
20-00-50 |
||||||||
Ratios
|
Date Of Accounts |
31/12/14 |
31/12/13 |
30/04/13 |
30/04/12 |
30/04/11 |
|
Pre-tax profit margin % |
1.19 |
2.63 |
5.90 |
1.32 |
2.19 |
|
Current ratio |
1.63 |
1.77 |
1.61 |
1.65 |
1.52 |
|
Sales/Net Working Capital |
4.91 |
2.85 |
4.71 |
4.89 |
5.74 |
|
Gearing % |
364.20 |
102.90 |
277.20 |
170.20 |
100.50 |
|
Equity in % |
15 |
36 |
18 |
25.70 |
34 |
|
Creditor Days |
9.85 |
15.33 |
15.66 |
17.14 |
15.37 |
|
Debtor Days |
85.17 |
65.90 |
89.25 |
91.71 |
94.87 |
|
Liquidity/Acid Test |
1.38 |
1.45 |
1.37 |
1.42 |
1.37 |
|
Return On Capital Employed % |
1.60 |
2.12 |
7.92 |
1.84 |
3.08 |
|
Return On Total Assets Employed % |
1.11 |
1.55 |
5.39 |
1.27 |
2.09 |
|
Current Debt Ratio |
2.03 |
0.74 |
1.76 |
1.19 |
0.93 |
|
Total Debt Ratio |
5.67 |
1.77 |
4.54 |
2.89 |
1.94 |
|
Stock Turnover Ratio % |
7.80 |
14.30 |
8.09 |
7.14 |
5.04 |
|
Return on Net Assets Employed % |
7.44 |
4.31 |
29.88 |
4.97 |
6.17 |
Report
Notes
|
There
are no notes to display. |
Status
History
|
No
Status History found |
*Event
History
|
Date |
Description |
|
08/12/2015 |
Annual
Returns |
|
16/10/2015 |
New
Accounts Filed |
|
16/10/2015 |
New
Accounts Filed |
|
21/12/2014 |
Annual
Returns |
|
11/10/2014 |
New
Accounts Filed |
|
12/02/2014 |
New
Accounts Filed |
|
12/02/2014 |
New
Accounts Filed |
|
30/11/2013 |
Annual
Returns |
|
09/02/2013 |
New
Accounts Filed |
|
04/12/2012 |
Annual
Returns |
|
08/02/2012 |
New
Accounts Filed |
|
08/02/2012 |
New
Accounts Filed |
|
05/12/2011 |
Annual
Returns |
|
03/06/2011 |
Mr
P.A. Butcher has left the board |
|
07/02/2011 |
New
Accounts Filed |
Previous
Company Names
|
Date |
Previous
Name |
|
09/03/2001 |
MITEL
TELECOM LIMITED |
Writ
Details
|
No
writs found |
Statistics
|
Group |
16
companies |
|
Linkages |
35
companies |
|
Countries |
In
10 countries |
Summary
|
Holding
Company |
MITEL
NETWORKS HOLDINGS LIMITED |
|
Ownership
Status |
Wholly
Owned |
|
Ultimate
Holding Company |
MITEL
NETWORKS CORP |
Group
Structure
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
|
N/A |
- |
- |
|
|
|
IE391185 |
30.04.2014 |
N |
|
|
|
IE222735 |
30.04.2014 |
N |
|
|
|
IE059890 |
30.04.2014 |
N |
|
|
|
IE090487 |
30.04.2014 |
N |
|
|
|
IE253445 |
30.04.2014 |
N |
|
|
|
N/A |
- |
- |
|
|
|
09059484 |
- |
N |
|
|
|
03743207 |
31.12.2014 |
N |
£5,479,000 |
|
|
04186471 |
31.12.2014 |
N |
|
|
|
01309629 |
31.12.2014 |
N |
£106,304,000 |
|
|
03523477 |
31.12.2014 |
N |
|
|
|
- |
- |
$297,000 |
|
|
|
02331050 |
31.12.2014 |
N |
|
|
|
07081078 |
31.12.2013 |
N |
|
|
|
03062945 |
31.12.2014 |
N |
£235,749 |
Other
Linked Companies
|
Name |
Number |
Latest
Key Financials |
Turnover |
|
ZARLINK
SEMICONDUCTOR |
25.03.2011 |
€159,777,223 |
|
|
MICROSEMI
SEMICONDUCTOR LIMITED |
00705031 |
30.09.2014 |
£116,739,002 |
|
MICROSEMI
SEMICONDUCTOR AB |
5560271222 |
30.09.2014 |
1,163
KSEK |
|
MICROSEMI
SEMICONDUCTOR XIC B.V. |
24251166 |
30.09.2014 |
|
|
MITEL
NETWORKS GMBH |
HRB
48403 |
30.04.2014 |
|
|
MICROSEMI
MICROELECTRONIC LIMITED |
00270190 |
31.03.2012 |
|
|
MICROSEMI
SEMICONDUCTOR OVERSEAS LIMITED |
00464581 |
31.03.2012 |
|
|
CALLVIEW
LIMITED |
03697295 |
30.04.2013 |
|
|
MICROSEMI
SEMICONDUCTOR HOLDINGS LIMITED |
04143640 |
30.09.2013 |
|
|
INTEGRATED
TELECOM SERVICES, INC |
- |
$547,000 |
|
|
INTER-TEL
BUSINESS INFORMATION SYSTEMS |
- |
$164,000 |
|
|
TELEPHONE
CO OF AMERICA, INC |
- |
$89,000 |
|
|
ZARLINK
SEMICONDUCTOR U.S |
- |
||
|
INTER-TEL
DATA COM INC |
- |
||
|
INTER-TEL,
INCORPORATED |
- |
$45,457,000 |
|
|
INTER-TEL
TECHNOLOGIES INC |
- |
$229,000 |
|
|
MITEL
FINANCIAL SERVICES |
- |
||
|
INTER-TEL
INTEGRATED SYSTEMS, INC |
- |
||
|
MITEL
TELECOMMUNICATIONS |
- |
||
|
SOUTHWEST
TELEPHONE SYSTEMS INC |
- |
Mortgage
Details
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
29/04/15 |
||
|
Date
Charge Registered: |
06/05/15 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BANK
OF AMERICA N.A.; |
||
|
Amount
Secured: |
|||
|
Details: |
N/ACONTAINS
FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY
OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
31/01/14 |
||
|
Date
Charge Registered: |
15/02/14 |
||
|
Date
Charge Satisfied: |
16/05/15 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
JEFFERIES
FINANCE LLC; |
||
|
Amount
Secured: |
|||
|
Details: |
CONTAINS
FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR
UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF
CHARGE. |
||
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
31/01/14 |
||
|
Date
Charge Registered: |
12/02/14 |
||
|
Date
Charge Satisfied: |
16/05/15 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
JEFFERIES
FINANCE LLC; |
||
|
Amount
Secured: |
|||
|
Details: |
CONTAINS
FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR
UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF
CHARGE. |
||
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
24/04/13 |
||
|
Date
Charge Registered: |
03/05/13 |
||
|
Date
Charge Satisfied: |
16/05/15 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
WILMINGTON
TRUST NATIONAL ASSOCIATION; |
||
|
Amount
Secured: |
|||
|
Details: |
CONTAINS
FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR
UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF
CHARGE. |
||
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
24/04/13 |
||
|
Date
Charge Registered: |
01/05/13 |
||
|
Date
Charge Satisfied: |
16/05/15 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BANK
OF AMERICA, N.A.; |
||
|
Amount
Secured: |
|||
|
Details: |
PURSUANT
TO THE CHARGE:THE COMPANY CHARGES BY WAY OF FIRST FIXED CHARGE ALL
ITSINTELLECTUAL PROPERTY (ALTHOUGH NO FURTHER DETAILS ARE SPECIFIED IN THE CHARGE).
FOR FURTHER DETAIL, SEE CLAUSE 3.1(F) OF THE CHARGE.THE COMPANY CHARGES BY
WAYOF FIRST LEGAL MORTGAGE ALL ITS REAL PROPERTY (ALTHOUGH NO FURTHER DETAILS
ARE SPECIFIED IN THE CHARGE). FOR FURTHER DETAIL, SEE CLAUSE 3.1(A) OF THE
CHARGE.CONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS
ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR
AMENDMENT OF CHARGE. |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
24/09/07 |
||
|
Date
Charge Registered: |
17/02/12 |
||
|
Date
Charge Satisfied: |
06/03/13 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
WILMINGTON
TRUST FSB AS SECURITY TRUSTEE FOR THE SECURED PARTIES (THE SECURITY TRUSTEE) |
||
|
Amount
Secured: |
|||
|
Details: |
THE
BUSINESS, CUSTOMER LISTS, GOODWILL,L/H PROPERTY, MOVEABLE ASSETS, FULL
BENEFIT OF THE CONTRACTS,STOCK, BUSINESS INFORMATION, RECEIVABLES, SELLER\S
CASH, , BUSINESS CLAIMS AND ALL OTHER PROPERTY RIGHTS AND ASSETS SEE IMAGE
FOR FULL DETAILS |
||
|
Mortgage
Type: |
DEED
OF RENTAL DEPOSIT |
||
|
Date
Charge Created: |
23/12/11 |
||
|
Date
Charge Registered: |
06/01/12 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARING
INVESTMENT SERVICES LIMITED (LANDLORD) |
||
|
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 CHARGE ALL THE INTERESTIN THE INTEREST EARNING DEPOSIT ACCOUNT.
INITIAL DEPOSIT OF £15,710.63 SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage
Type: |
RENT
DEPOSIT DEED |
||
|
Date
Charge Created: |
07/12/09 |
||
|
Date
Charge Registered: |
17/12/09 |
||
|
Date
Charge Satisfied: |
14/09/12 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
PEARSON
PENSION PROPERTY FUND LTD & PEARSON NOMINEES LTD |
||
|
Amount
Secured: |
|||
|
Details: |
WITH
FULL TITLE GUARANTEE ALL ITS RIGHTAND ENTITLEMENT TO THE DEPOSIT BALANCE;THE
DEPOSIT WHICH MEANS THE INTIAL DEPOSIT OF £16,100.00 IS FREE FROM ANY CHARGE
OTHER THAN FLOATING CHARGES SEE IMAGE FORFULL DETAILS |
||
|
Mortgage
Type: |
DEED
OF RENTAL DEPOSIT |
||
|
Date
Charge Created: |
04/01/08 |
||
|
Date
Charge Registered: |
19/01/08 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARING
INVESTMENT SERVICES LIMITED |
||
|
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
DEPOSIT ACCOUNT, SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
16/08/07 |
||
|
Date
Charge Registered: |
06/09/07 |
||
|
Date
Charge Satisfied: |
06/03/13 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
MORGAN
STANLEY & CO INCORPORATED (THE "SECURITY TRUSTEE") |
||
|
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 MACHINERYSEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
16/08/07 |
||
|
Date
Charge Registered: |
06/09/07 |
||
|
Date
Charge Satisfied: |
06/03/13 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
MORGAN
STANLEY & CO INCORPORATED (THE "SECURITY TRUSTEE") |
||
|
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 MACHINERYSEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
CHARGE
ON BOOK DEBTS |
||
|
Date
Charge Created: |
27/04/05 |
||
|
Date
Charge Registered: |
11/05/05 |
||
|
Date
Charge Satisfied: |
14/09/07 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
HIGHBRIDGE
INTERNATIONAL LLC (AS TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES) |
||
|
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 FIRST FIXED CHARGE AND GUARANTEE ALL BOOKS DEBTS AND OTHER DEBTS,
ALLMONIES STANDING TO THE CREDIT ACCOUNT NUMBER 50233943, CANADIAN DOLLARS
ACCOUNTNUMBER 62653799, EURO ACCOUNT NUMBER 57017455 OR US DOLLAR ACCOUNT
NUMBER 75562900 ALL WITH BARCLAYS BANK SEE THE MORTGAGE CHARGE DOCUMENT
FORFULL DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
27/04/05 |
||
|
Date
Charge Registered: |
11/05/05 |
||
|
Date
Charge Satisfied: |
14/09/07 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
HIGHBRIDGE
INTERNATIONAL LLC (AS TRUSTEE FOR ITSELF AND THE OTHER SECURED PARTIES) |
||
|
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
F/H LAND AT MITEL BUSINESS PARK, POR 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 |
||
|
Mortgage
Type: |
SECURITY
AGREEMENT |
||
|
Date
Charge Created: |
11/06/03 |
||
|
Date
Charge Registered: |
16/06/03 |
||
|
Date
Charge Satisfied: |
02/07/04 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
EXPORT
DEVELOPMENT CANADA |
||
|
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 GRANTS, ASSIGNS, TRANSFERS,PLEDGES, SETS OVER, MORTGAGES AND CHARGES TO
EDC, ITS SUCCESSORS AND ASSIGNS, AND GRANTS TO EDC, ITS SUCCESSORS AND
ASSIGNS, A FIRST RANKING CONTINUING INTERESTIN: THE AMOUNT OF GBP 683,470
PAID TO EDC; SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
AMENDING
AGREEMENT TO A CHARGE OVER BOOK DEBTS AND CASH AT BANK DATED 03 MARCH 2003
AND |
||
|
Date
Charge Created: |
11/06/03 |
||
|
Date
Charge Registered: |
16/06/03 |
||
|
Date
Charge Satisfied: |
21/07/07 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
EXPORT
DEVELOPMENT CANADA |
||
|
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: |
ALL
BOOK DEBTS AND OTHER DEBTS NOW OR IN THE FUTURE DUE OR OWING TO THE
COMPANYAND ARISING IN RESPECT OF GOODS SOLD, LEASED, OR FOR SERVICES RENDERED
TO CUSTOMERS, AND ALL MONIES BOTH PRESENT AND FUTURE; SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
MORTGAGE |
||
|
Date
Charge Created: |
25/04/03 |
||
|
Date
Charge Registered: |
02/05/03 |
||
|
Date
Charge Satisfied: |
26/05/07 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
£840,000
AND ALL OTHER SUMS DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON
ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL
ITEMS LISTED TOGETHER WITH ALL ACCESSORIES AND COMPONENET PARTS AND ILL
IMPROVEMENTS AND RENEWALS THEREOF TOGETHER ALSO WITH ALL BOOKS MANUALS
HANDBOOKS TECHNICAL DATA DRAWINGS SCHEDULES AND OTHERDOCUMENTATION (OR ANY
AMENDMENTS TO THEM) BELONGING TO THE ITEMS. MN3300 CONTRILLER UK -
50001265,MN3300 UNIVERSAL NSU - 50001271, MN3300 BRI NSU - 50001275,MN3300
REL 3.1 BASE SOFTWARE - 50002585,FOR FURTHER DETAILS OF CHATTELS CHARGED
PLEASE REFER TO FORM 395 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
CHARGE
OVER BOOK DEBTS AND CASH AT BANK |
||
|
Date
Charge Created: |
03/03/03 |
||
|
Date
Charge Registered: |
03/03/03 |
||
|
Date
Charge Satisfied: |
21/07/07 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
EXPORT
DEVELOPMENT CANADA |
||
|
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: |
ALL
BOOK DEBTS AND OTHER DEBTS TOGETHERWITH ALL MONIES STANDING TO THE CREDIT OF
THE ACCOUNT |
||
|
Mortgage
Type: |
AMENDMENT
AGREEMENT |
||
|
Date
Charge Created: |
10/06/02 |
||
|
Date
Charge Registered: |
21/06/02 |
||
|
Date
Charge Satisfied: |
11/03/06 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BANK
OF MONTREAL ("SECURITY AGENT") AS SECURITY AGENT FOR ITSELF AND THE
OTHER SECURED PARTIES |
||
|
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: |
ALL
BOOK AND OTHER DEBTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
24/01/02 |
||
|
Date
Charge Registered: |
24/01/02 |
||
|
Date
Charge Satisfied: |
26/05/07 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
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: |
ALL
THAT PROPERTY BEING LAND AT MITEL BUSINESS PARK, PORTSKEWETT, MONMOUTHSHIRE. |
||
|
Mortgage
Type: |
MORTGAGE |
||
|
Date
Charge Created: |
31/10/01 |
||
|
Date
Charge Registered: |
02/11/01 |
||
|
Date
Charge Satisfied: |
26/05/07 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
£5,000,000
AND ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNTWHATSOEVER |
||
|
Details: |
THE
ITEMS AS LISTED ON THE SCHEDULE ATTACHED SEE THE MORTGAGE CHARGE DOCUMENT FOR
FULL DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
17/10/01 |
||
|
Date
Charge Registered: |
31/10/01 |
||
|
Date
Charge Satisfied: |
11/02/03 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
LLOYDS
TSB 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: |
CHARGE
OVER BOOK DEBTS AND CASH AT BANK |
||
|
Date
Charge Created: |
25/07/01 |
||
|
Date
Charge Registered: |
30/07/01 |
||
|
Date
Charge Satisfied: |
11/03/06 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
BANK
OF MONTREAL |
||
|
Amount
Secured: |
ALL
OBLIGATIONS AND LIABILITIES OF THE COMPANY TO THE CHARGEE UNDER THE GUARANTEE
ON BEHALF OF ITSELF AND THE LENDERS FROM TIME TO TIME UNDER THE CREDIT
AGREEMENT DATED 11 MAY 2001 |
||
|
Details: |
1)
ALL BOOK DEBTS AND OTHER DEBTS NOW OR IN THE FUTURE DUE OR OWING IN RESPECT
OF GOODS SOLD, LEASEDOR FOR SERVICES RENDERED. 2) ALL MONIES BOTH PRESENT AND
FUTURE FROM TIME TO TIME STANDING TO THE CREDIT OF THE COMPANY\S CURRENT
ACCOUNT NUMBER 01429197. |
||
|
Mortgage
Type: |
GUARANTEE
AND DEBENTURE |
||
|
Date
Charge Created: |
12/02/98 |
||
|
Date
Charge Registered: |
25/02/98 |
||
|
Date
Charge Satisfied: |
03/03/01 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
CANADIAN
IMPERIAL BANK OF COMMERCEAS SECURITY AGENT FOR THE SECURED PARTIES IN
ACCORDANCE WITH |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM MITEL CORPORATION (THE BORROWER) OR ANY SUCH
SUBSIDIARY TO THECHARGEE UNDER OR ARISING OUT OF OR IN CONNECTION WITH THE
FINANCE DOCUMENTS AND ALL OBLIGATIONS OF EVERY NATURE OF EACH CHARGING PARTY
NOW OR HEREAFTER EXISTING UNDER THIS DEED (THE "INDEBTEDNESS")
ASDEFINED THEREIN |
||
|
Details: |
.
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
17/10/85 |
||
|
Date
Charge Registered: |
22/10/85 |
||
|
Date
Charge Satisfied: |
22/10/85 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
STANDARD
CHARTERED BANK |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
INCLUDING
TRADE FIXTURES FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETSPRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURES FIXED PLANT ANDMACHINERY |
||
|
Mortgage
Type: |
ASSIGNMENT
AND CHARGE |
||
|
Date
Charge Created: |
11/01/85 |
||
|
Date
Charge Registered: |
30/01/85 |
||
|
Date
Charge Satisfied: |
10/05/85 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
THE
ROYAL BANK OF CANADA |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEES UNDER THE TERMS
OF A CREDIT AGREEMENT DATED 26/8/82 |
||
|
Details: |
BOOK
DEBTS OWING AS SPECIFIED IN THE SCHEDULE AND ALL OTHER DEBTS. |
||
|
Mortgage
Type: |
LETTER
OF CHARGE |
||
|
Date
Charge Created: |
31/07/84 |
||
|
Date
Charge Registered: |
08/08/84 |
||
|
Date
Charge Satisfied: |
08/08/84 |
||
|
Status: |
SATISFIED |
||
|
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: |
ALL
MONEYS NOW OR AT ANY TIME HEREAFTERSTANDING TO THE CREDIT OF ANY ACCOUNT(S) OF
THE COMPANY WITHTHE BANK DESIGNATED BARCLAYS BANK PLC RE MITEL TELECOM
LIMITED |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
06/04/84 |
||
|
Date
Charge Registered: |
16/04/84 |
||
|
Date
Charge Satisfied: |
16/04/84 |
||
|
Status: |
SATISFIED |
||
|
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 CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURESFIXED PLANT AND MACHINERY |
||
Creditor
Details
|
Total
Number |
Total
Value |
|
|
Trade
Creditors |
0 |
- |
|
No
Creditor Data |
||
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.65 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.33 |
|
GBP |
1 |
Rs. 99.19 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ASH |
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.