|
Report No. : |
330003 |
|
Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
R.K. PRINT-COAT INSTRUMENTS LIMITED |
|
|
|
|
Formerly Known As : |
R.K.CHEMICAL COMPANY LIMITED |
|
|
|
|
Registered Office : |
Abington Road Litlington Royston SG8 0QZ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2014 |
|
|
|
|
Date of Incorporation : |
26.09.1963 |
|
|
|
|
Com. Reg. No.: |
00775106 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of Electronic Measuring, Testing Etc. Equipment, Not For
Industrial Process Control |
|
|
|
|
No. of Employee : |
Not Available |
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 became a net importer of energy in 2005. Services, particularly banking,
insurance, and business services, are key drivers of British GDP growth.
Manufacturing, meanwhile, has declined in importance but still accounts for
about 10% of economic output. In 2008, the global financial crisis hit the
economy particularly hard, due to the importance of its financial sector.
Falling home prices, high consumer debt, and the global economic slowdown
compounded Britain's economic problems, pushing the economy into recession in
the latter half of 2008 and prompting the then BROWN (Labour) government to
implement a number of measures to stimulate the economy and stabilize the
financial markets. Facing burgeoning public deficits and debt levels, in 2010
the CAMERON-led coalition government (between Conservatives and Liberal
Democrats) initiated an austerity program, which aimed to lower London's budget
deficit from about 11% of GDP in 2010 to nearly 1% by 2015. The CAMERON
government raised the value added tax from 17.5% to 20% in 2011. It has pledged
to reduce the corporation tax rate to 20% by 2015. However, the deficit still
remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of
England (BoE) implemented an asset purchase program of �375
billion (approximately $586 billion) as of December 2014. During times of
economic crisis, the BoE coordinates interest rate moves with the European
Central Bank, but Britain remains outside the European Economic and Monetary
Union (EMU). In 2012, weak consumer spending and subdued business investment
weighed on the economy, however, in 2013 GDP grew 1.8%, accelerating
unexpectedly because of greater consumer spending and a recovering housing
market.
|
Source
: CIA |
Company Name: R.K. PRINT-COAT
INSTRUMENTS LIMITED
Company No: 00775106
Company Status: Active -
Accounts Filed
Registered Address: ABINGTON ROAD LITLINGTON ROYSTON SG8 0QZ
Registered Address
ABINGTON ROAD
LITLINGTON
ROYSTON
SG8 0QZ
Trading Address
Abington Road
Litlington
Royston
Hertfordshire
SG8 0QZ
Website Address http://www.rkprint.com
Telephone Number 01763852187
Fax Number
TPS No
FPS No
Incorporation Date 26/09/1963
Previous Name R.K.CHEMICAL COMPANY LIMITED
Type Private
limited with Share Capital
FTSE Index -
Date of Change 01/05/1990
Filing Date of Accounts 08/12/2014
Currency GBP
Share Capital £10,968
SIC07 26511
Charity Number -
SIC07 Description MANUFACTURE OF ELECTRONIC MEASURING, TESTING
ETC. EQUIPMENT, NOT FOR INDUSTRIAL PROCESS CONTROL
Principal Activity Engineering
of scientific and industrial instruments and systems.
Year to Date Turnover Pre Tax Profit Shareholder
Funds Employees
30/04/2014 - - £1,220,601 -
30/04/2013 - - £1,768,485 -
30/04/2012 - - £1,792,379 –
Total Mortgage 1
Outstanding 1
Satisfied 0
Total Number of Documented Trade 0
Total Value of Documented Trade £0
|
This company has been treated as a Small company in respect of the
rating/limit generated. |
|
|
This company has only made late payments on a low percentage of
invoices. |
|
|
The latest Balance Sheet indicates a very positive net working capital
position. |
|
|
The latest cash balances represent a positive level in terms of the
overall outstanding creditor obligations. |
|
|
This company trades in an industry with a moderate level of corporate
failures. |
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
Total Current Directors |
3 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company Secretaries |
4 |
|
Name |
Thomas Roman Kerchiss |
Date of Birth |
23/07/1953 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
15/12/1991 |
||
|
Address |
29 Gibson Close, Saffron Walden, Essex, CB10 1AJ |
||
|
Name |
Jessica Louise Kerchiss |
Date of Birth |
07/06/1986 |
|
Officers Title |
Miss |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/09/2012 |
||
|
Address |
113 Newbridge Road, Bath, BA1 3HG |
||
|
Name |
Harriet Lucy Kerchiss |
Date of Birth |
26/10/1987 |
|
Officers Title |
Miss |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/09/2012 |
||
|
Address |
Flat 109 The Belvedere, Homerton Street, Cambridge, CB2 0NU |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
THOMAS ROMAN KERCHISS |
GBP |
9,257 |
ORDINARY |
1 |
84.4 |
|
JESSICA LEWIS KERCHISS |
GBP |
855 |
ORDINARY |
1 |
7.8 |
|
HARRIET LUCY KERCHISS |
GBP |
856 |
ORDINARY |
1 |
7.8 |
Profit & Loss
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£42,279 |
-7.6% |
£45,751 |
88.3% |
£24,297 |
-25.2% |
£32,483 |
-14.8% |
£38,122 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Tangible Assets |
£408,860 |
-43.5% |
£723,610 |
6.9% |
£677,087 |
2% |
£664,123 |
-2.4% |
£680,770 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£408,860 |
-43.5% |
£723,610 |
6.9% |
£677,087 |
2% |
£664,123 |
-2.4% |
£680,770 |
|
Stock |
£504,977 |
12.6% |
£448,454 |
36.8% |
£327,787 |
-13.2% |
£377,635 |
8.7% |
£347,379 |
|
Trade Debtors |
£434,691 |
22.8% |
£353,996 |
-60.3% |
£891,556 |
-1.4% |
£904,403 |
68.8% |
£535,755 |
|
Cash |
£363,358 |
-58.8% |
£881,576 |
-6.6% |
£944,325 |
162.6% |
£359,551 |
-47.2% |
£680,525 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£1,303,026 |
-22.6% |
£1,684,026 |
-22.2% |
£2,163,668 |
31.8% |
£1,641,589 |
5% |
£1,563,659 |
|
Trade Creditors |
£468,832 |
-26.1% |
£634,111 |
-37.9% |
£1,021,136 |
3.6% |
£985,680 |
-15.8% |
£1,171,176 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£468,832 |
-26.1% |
£634,111 |
-37.9% |
£1,021,136 |
3.6% |
£985,680 |
-15.8% |
£1,171,176 |
|
Bank Loans & Overdrafts and LTL |
£22,453 |
345.5% |
£5,040 |
-81.5% |
£27,240 |
320% |
£6,486 |
53.2% |
£4,234 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£22,453 |
345.5% |
£5,040 |
-81.5% |
£27,240 |
320% |
£6,486 |
53.2% |
£4,234 |
.
Capital &
Reserves
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Called Up Share Capital |
£10,968 |
- |
£10,968 |
-26.9% |
£15,000 |
- |
£15,000 |
- |
£15,000 |
|
P & L Account Reserve |
£899,921 |
-37.8% |
£1,447,805 |
-1.6% |
£1,471,699 |
48.2% |
£992,866 |
32.7% |
£748,339 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
-100% |
£305,680 |
- |
£305,680 |
|
Sundry Reserves |
£309,712 |
- |
£309,712 |
1.3% |
£305,680 |
- |
- |
- |
- |
|
Shareholder Funds |
£1,220,601 |
-31% |
£1,768,485 |
-1.3% |
£1,792,379 |
36.5% |
£1,313,546 |
22.9% |
£1,069,019 |
Other Financial
Items
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Net Worth |
£1,220,601 |
-31% |
£1,768,485 |
-1.3% |
£1,792,379 |
36.5% |
£1,313,546 |
22.9% |
£1,069,019 |
|
Working Capital |
£834,194 |
-20.5% |
£1,049,915 |
-8.1% |
£1,142,532 |
74.2% |
£655,909 |
67.1% |
£392,483 |
|
Total Assets |
£1,711,886 |
-28.9% |
£2,407,636 |
-15.2% |
£2,840,755 |
23.2% |
£2,305,712 |
2.7% |
£2,244,429 |
|
Total Liabilities |
£491,285 |
-23.1% |
£639,151 |
-39% |
£1,048,376 |
5.7% |
£992,166 |
-15.6% |
£1,175,410 |
|
Net Assets |
£1,220,601 |
-31% |
£1,768,485 |
-1.3% |
£1,792,379 |
36.5% |
£1,313,546 |
22.9% |
£1,069,019 |
Cash Flow
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
30/04/14 |
(%) |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£1,243,054 |
-29.9% |
£1,773,525 |
-2.5% |
£1,819,619 |
37.8% |
£1,320,032 |
23% |
£1,073,253 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
PARKER CAVENDISH |
||||||||
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
LLOYDS TSB BANK PLC |
||||||||
|
Bank Branch Code |
|||||||||
RATIOS
|
Date Of Accounts |
30/04/14 |
30/04/13 |
30/04/12 |
30/04/11 |
30/04/10 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
2.78 |
2.66 |
2.12 |
1.67 |
1.34 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
1.80 |
0.30 |
1.50 |
0.50 |
0.40 |
|
Equity in % |
71.30 |
73.50 |
63.10 |
57 |
47.60 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
1.70 |
1.94 |
1.79 |
1.28 |
1.03 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
0.38 |
0.35 |
0.56 |
0.75 |
1.09 |
|
Total Debt Ratio |
0.40 |
0.36 |
0.58 |
0.75 |
1.09 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
There are no notes to display.
|
No Status History found |
|
Date |
Description |
|
11/01/2015 |
Annual Returns |
|
12/12/2014 |
New Accounts Filed |
|
10/01/2014 |
New Accounts Filed |
|
10/01/2014 |
New Accounts Filed |
|
23/12/2013 |
Annual Returns |
|
12/03/2013 |
Annual Returns |
|
01/03/2013 |
Annual Returns |
|
04/02/2013 |
New Accounts Filed |
|
08/10/2012 |
New Board Member Miss H.L. Kerchiss appointed |
|
08/10/2012 |
New Board Member Miss J.L. Kerchiss appointed |
|
01/02/2012 |
Ms D.M. Kerchiss has resigned as company secretary |
|
01/02/2012 |
Ms D.M. Kerchiss has left the board |
|
17/01/2012 |
Annual Returns |
|
22/10/2011 |
New Accounts Filed |
|
22/10/2011 |
New Accounts Filed |
|
Date |
Previous Name |
|
01/05/1990 |
R.K.CHEMICAL COMPANY LIMITED |
|
No writs found |
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
No Group Structure
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge
Created: |
31/08/90 |
||
|
Date Charge
Registered: |
13/09/13 |
||
|
Date Charge
Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
LLOYDS BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
THE OLD SCHOOL SITE LITLINGTON, NEAR ROYSTON HERTS.ASSIGNS
THE GOODWILL OF THE BUSINESS (IF ANY)FLOATING CHARGE OVER ALL MOVEABLE
PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT |
||
|
Name |
Current
Directorships |
Previous
Directorships |
|
Anne Kerchiss |
0 |
4 |
|
Anne Kerchiss |
0 |
4 |
|
Deborah Mary Kerchiss |
2 |
2 |
|
Deborah Mary Kerchiss |
2 |
2 |
|
Average Invoice Value |
Ł153.27 |
|
|
Invoices available |
93 |
|
|
Paid |
90 |
|
|
Outstanding |
3 |
|
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 |
41 |
37 |
6 |
4 |
2 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
UK Pound |
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.