|
Report No. : |
318013 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
EUROPROCESSING LIMITED |
|
|
|
|
Registered Office : |
Europrocessing Ltd, Govan Road, Fenton Industrial Estate, Stoke On Trent ST4 2RS |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.08.2013 |
|
|
|
|
Date of Incorporation : |
06.09.2000 |
|
|
|
|
Com. Reg. No.: |
04066397 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Other service activities n.e.c. (Note: We tried to confirm obtain the details activity but the same is not available from any source.) |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limits : |
£2,000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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: EUROPROCESSING LIMITED
Company No: 04066397
Company Status: Active - Accounts Filed
Credit Limits: £2,000
Registered Address: EURORPROCESSING LTD GOVAN ROAD, FENTON INDUSTRIAL ESTATE,
STOKE ON TRENT ST4 2RS
Registered Address EUROPROCESSING
LTD, GOVAN ROAD, FENTON INDUSTRIAL ESTATE, STOKE ON TRENT ST4 2RS
Trading Address Europrocessing
Ltd, Govan Road, Fenton Industrial Estate, Stoke-On-Trent, Staffordshire ST4 2RS
Website Address http://www.eurovent.com
Telephone Number 01782744242
Fax Number --
TPS No
FPS No
Incorporation Date 06/09/2000
Previous Name --
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 02/05/2014
Currency GBP
Share Capital £100
SIC07 96090
Charity Number -
SIC07 Description OTHER SERVICE ACTIVITIES N.E.C.
Principal Activity -
Key FINANCIALS
Year to Date Turnover
Pre Tax Profit Shareholder Funds Employees
31/08/2013 - - £13,420 -
31/08/2012 - - £27,518 -
31/08/2011 - - £37,728 -
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 made late payments on a high percentage of invoices. |
|
|
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 - |
- |
Current Directors
|
Name |
Paul Maxfield |
Date of Birth |
29/01/1957 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
06/09/2000 |
||
|
Address |
Pyebirch Cottage Pyebirch Lane, Eccleshall, Staffordshire, ST21 6JG |
||
|
Name |
Sharon Martin |
Date of Birth |
16/03/1960 |
|
Officers Title |
Mrs |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
16/08/2005 |
||
|
Address |
Pyebirch Cottage Pyebirch Lane, Eccleshall, Staffordshire, ST21 6JG |
||
|
Name |
Paul Maxfield |
Date of Birth |
29/01/1957 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Company Secretary |
|
Appointment Date |
16/08/2005 |
||
|
Address |
Pyebirch Cottage Pyebirch Lane, Eccleshall, Staffordshire, ST21 6JG |
||
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
SHARON MARTIN |
GBP |
50 |
ORDINARY |
1 |
50 |
|
PAUL MAXFIELD |
GBP |
50 |
ORDINARY |
1 |
50 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
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 |
£3,861 |
-12.5% |
£4,414 |
-14.3% |
£5,148 |
-4.9% |
£5,411 |
-16.9% |
£6,512 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
|
Tangible Assets |
£20,167 |
-11.9% |
£22,879 |
-13.7% |
£26,506 |
-3% |
£27,318 |
-16.5% |
£32,729 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£20,167 |
-11.9% |
£22,879 |
-13.7% |
£26,506 |
-3% |
£27,318 |
-16.5% |
£32,729 |
|
|
Stock |
£2,500 |
- |
£2,500 |
13.6% |
£2,200 |
-3.7% |
£2,285 |
-0.7% |
£2,300 |
|
|
Trade Debtors |
£2,832 |
-75.6% |
£11,586 |
-51.1% |
£23,702 |
233.4% |
£7,110 |
-38% |
£11,470 |
|
|
Cash |
£86,401 |
52.9% |
£56,523 |
12.3% |
£50,330 |
-47.3% |
£95,427 |
-8.4% |
£104,154 |
|
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£91,733 |
29.9% |
£70,609 |
-7.4% |
£76,232 |
-27.3% |
£104,822 |
-11.1% |
£117,924 |
|
|
Trade Creditors |
£98,480 |
49.3% |
£65,970 |
1.5% |
£65,010 |
74.5% |
£37,264 |
-7.6% |
£40,328 |
|
|
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 |
£98,480 |
49.3% |
£65,970 |
1.5% |
£65,010 |
74.5% |
£37,264 |
-7.6% |
£40,328 |
|
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
|
P & L Account Reserve |
£13,320 |
-51.4% |
£27,418 |
-27.1% |
£37,628 |
-60.3% |
£94,776 |
-14% |
£110,225 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£13,420 |
-51.2% |
£27,518 |
-27.1% |
£37,728 |
-60.2% |
£94,876 |
-14% |
£110,325 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
|
Net Worth |
£13,420 |
-51.2% |
£27,518 |
-27.1% |
£37,728 |
-60.2% |
£94,876 |
-14% |
£110,325 |
|
|
Working Capital |
-£6,747 |
-245.4% |
£4,639 |
-58.7% |
£11,222 |
-83.4% |
£67,558 |
-12.9% |
£77,596 |
|
|
Total Assets |
£111,900 |
19.7% |
£93,488 |
-9% |
£102,738 |
-22.3% |
£132,140 |
-12.3% |
£150,653 |
|
|
Total Liabilities |
£98,480 |
49.3% |
£65,970 |
1.5% |
£65,010 |
74.5% |
£37,264 |
-7.6% |
£40,328 |
|
|
Net Assets |
£13,420 |
-51.2% |
£27,518 |
-27.1% |
£37,728 |
-60.2% |
£94,876 |
-14% |
£110,325 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£13,420 |
-51.2% |
£27,518 |
-27.1% |
£37,728 |
-60.2% |
£94,876 |
-14% |
£110,325 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
||||||||||
|
Auditor Comments |
The company is exempt from audit |
|||||||||
|
Bankers |
||||||||||
|
Bank Branch Code |
||||||||||
|
Date Of Accounts |
31/08/13 |
31/08/12 |
31/08/11 |
31/08/10 |
31/08/09 |
|
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
0.93 |
1.07 |
1.17 |
2.81 |
2.92 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
|
Equity in % |
12 |
29.40 |
36.70 |
71.80 |
73.20 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.90 |
1.03 |
1.13 |
2.75 |
2.86 |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
7.33 |
2.39 |
1.72 |
0.39 |
0.36 |
|
|
Total Debt Ratio |
7.33 |
2.39 |
1.72 |
0.39 |
0.36 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
|
There are no notes to display. |
|
No Status History found |
|
Date |
Description |
|
13/09/2014 |
Annual Returns |
|
07/05/2014 |
New Accounts Filed |
|
13/09/2013 |
Annual Returns |
|
19/04/2013 |
New Accounts Filed |
|
15/09/2012 |
Annual Returns |
|
19/01/2012 |
New Accounts Filed |
|
15/09/2011 |
Annual Returns |
|
11/04/2011 |
New Accounts Filed |
|
24/09/2010 |
Annual Returns |
|
27/03/2010 |
New Accounts Filed |
|
02/10/2009 |
Annual Returns |
|
25/01/2009 |
New Accounts Filed |
|
23/09/2008 |
Annual Returns |
|
15/06/2008 |
New Accounts Filed |
|
26/09/2007 |
Annual Returns |
|
No Previous Names found |
|
No writs found |
|
Group |
2 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
|
Holding Company |
EUROPROCESSING LIMITED |
|
Ownership Status |
Ultimately Owned |
|
Ultimate Holding Company |
EUROPROCESSING LIMITED |
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
EUROPROCESSING LIMITED |
04066397 |
31.08.2013 |
N |
|
|
CROWN BUSINESS PARK LI... |
07557704 |
31.03.2014 |
N |
|
Mortgage Type: |
CHARGE OF DEPOSIT |
||
|
Date Charge Created: |
01/06/06 |
||
|
Date Charge Registered: |
07/06/06 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
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 DEPOSIT INITIALLY OF £10,000 CREDITED TO ACCOUNT DESIGNATION
NUMBER 38566982 WITH THE BANK ANDANY ADDITION TO THATDEPOSIT AND ANY DEPOSIT
OR ACCOUNT FROMTIME TO TIME OF ANY OTHER CURRENCY DESCRIPTION OR DESIGNATION
WHICH DERIVES IN WHOLE OR IN PART FROM SUCH DEPOSIT OR ACCOUNT |
||
|
Name |
Current Directorships |
Previous Directorships |
|
|
Susan Warren |
1 |
1 |
|
|
Geoffrey Maxfield |
2 |
4 |
|
|
SWIFT INCORPORATIONS LIMITED |
2579 |
263489 |
|
|
Average Invoice Value |
Ł503.42 |
||
|
Invoices available |
36 |
||
|
Paid |
27 |
||
|
Outstanding |
9 |
||
|
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 |
16 |
2 |
9 |
0 |
0 |
|
Outstanding |
0 |
0 |
7 |
2 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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%)
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risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.