MIRA INFORM REPORT

 

 

Report No. :

321655

Report Date :

11.05.2015

 

IDENTIFICATION DETAILS

 

Name :

ELECTRA POLYMERS LIMITED

 

 

Registered Office :

Roughway Milltonbridgekenttn11 9SG

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.01.2014

 

 

Date of Incorporation :

18.09.1997

 

 

Com. Reg. No.:

03435974

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :
  • Sale of photopolymer products.
  • Manufacture of other chemical products n.e.c.

 

 

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 – 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 and address

 

ELECTRA POLYMERS LIMITED

 

Company No:

03435974

 

Registered Address:

ROUGHWAY MILLTONBRIDGEKENTTN11 9SG

 

 

Company Summary

 

Registered Address

ROUGHWAY MILL
TONBRIDGE KENT TN11 9SG

Trading Addres

Roughway Mill Dunks Green  TonbridgeKent TN11 9SG

Website Address

http://www.electrapolymers.com

 

 

Telephone Number

01732811118

Fax Number

--

TPS

No

FPS

No

Incorporation Date

18/09/1997

 

 

Previous Name

--

Type

Private limited with Share Capital

FTSE Index

--

Date of Change

--

Filing Date of Accounts

27/08/2014

Currency

GBP

Share Capital

£1,000,000

SIC07

20590

Charity Number

 

 

 

SIC07 Description

MANUFACTURE OF OTHER CHEMICAL PRODUCTS N.E.C.

Principal Activity

Sale of photopolymer products.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/01/2014

--

--

£1,314,762

--

31/01/2013

--

--

£1,019,384

--

31/01/2012

--

--

£1,008,416

--

 

 

Mortgage Summary

 

Total Mortgage             3

Outstanding                 2

Satisfied                       1

 

 

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 Small company in respect of the rating/limit generated.

The latest Balance Sheet indicates a very positive net working capital position.

There has been an increase in shareholders funds compared with the previous balance sheet.

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

6

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

8

 

 

Current Directors

 

Name

Christopher Ian Wall

Date of Birth

23/06/1960

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

06/01/1998

Address

Holmbury, Queens Avenue, Maidstone, Kent, ME16 0EN

 

Name

Edward Nicholas Heesom

Date of Birth

11/11/1944

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Director

Appointment Date

16/06/2003

Address

Roughway Mill, Tonbridge, Kent, TN11 9SG

 

Name

Shaun Tibbals

Date of Birth

17/08/1969

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

15/04/2004

Address

3 Lincoln Way, Crowborough, East Sussex, TN6 3AQ

 

Name

John Richard Heesom

Date of Birth

20/08/1974

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Director

Appointment Date

01/05/2011

Address

Roughway Mill Dunks Green, Tonbridge, Kent, TN11 9SG

 

Name

Wendy Mary Dobie Heesom

Date of Birth

23/06/1947

Officers Title

Mrs

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

01/05/2011

Address

Roughway Mill Dunks Green, Tonbridge, Kent, TN11 9SG

 

Name

Susan Joy Large

Date of Birth

24/12/1957

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

25/03/2015

Address

Roughway Mill, Tonbridge, Kent, TN11 9SG

 

 

Current Company Secretary

 

Name

Susan Joy Large

Date of Birth

-

Officers Title

Ms

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

01/05/2011

Address

Roughway Mill, Dunks Green, Tonbridge, Kent, TN11 9SG

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

ELECTRA HOLDINGS LTD

GBP

999,999

ORDINARY

1

100

JOHN RICHARD HEESOM

GBP

1

ORDINARY

1

0

 

 

Profit & Loss

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

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

-

-

-

-

-

-100%

£956

-81.9%

£5,279

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Tangible Assets

0

-

0

-100%

£24

140%

£10

-99.8%

£6,235

Intangible Assets

£138,827

-16.7%

£166,595

-14.3%

£194,363

-12.5%

£222,130

-11.1%

£249,899

Total Fixed Assets

£138,827

-16.7%

£166,595

-14.3%

£194,387

-12.5%

£222,140

-13.3%

£256,134

Stock

£856,982

16.9%

£733,202

-1.5%

£744,119

-6%

£791,487

6.2%

£745,295

Trade Debtors

£1,059,512

4.4%

£1,014,875

-3.8%

£1,054,605

-2.4%

£1,080,585

-6.6%

£1,156,430

Cash

£45,459

11.9%

£40,617

-53.3%

£87,053

119.6%

£39,649

-70.9%

£136,132

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,961,953

9.7%

£1,788,694

-5.1%

£1,885,777

-1.4%

£1,911,721

-6.2%

£2,037,857

Trade Creditors

£786,018

-16%

£935,905

-12.7%

£1,071,748

-15.8%

£1,273,211

-19.2%

£1,575,196

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

£786,018

-16%

£935,905

-12.7%

£1,071,748

-15.8%

£1,273,211

-19.2%

£1,575,196

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

.

 

Capital & Reserves

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Called Up Share Capital

£1,000,000

-

£1,000,000

-

£1,000,000

-

£1,000,000

-

£1,000,000

P & L Account Reserve

£314,762

999.9%

£19,384

130.3%

£8,416

106%

-£139,350

50.4%

-£281,205

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£1,314,762

29%

£1,019,384

1.1%

£1,008,416

17.2%

£860,650

19.7%

£718,795

 

 

Other Financial Items

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Net Worth

£1,175,935

37.9%

£852,789

4.8%

£814,053

27.5%

£638,520

36.2%

£468,896

Working Capital

£1,175,935

37.9%

£852,789

4.8%

£814,029

27.5%

£638,510

38%

£462,661

Total Assets

£2,100,780

7.4%

£1,955,289

-6%

£2,080,164

-2.5%

£2,133,861

-7%

£2,293,991

Total Liabilities

£786,018

-16%

£935,905

-12.7%

£1,071,748

-15.8%

£1,273,211

-19.2%

£1,575,196

Net Assets

£1,314,762

29%

£1,019,384

1.1%

£1,008,416

17.2%

£860,650

19.7%

£718,795

 

 

Miscellaneous

 

Date Of Accounts

31/01/14

(%)

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,314,762

29%

£1,019,384

1.1%

£1,008,416

17.2%

£860,650

19.7%

£718,795

Number of Employees

-

-

-

-

-

-

-

-

-

 

 

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/01/14

31/01/13

31/01/12

31/01/11

31/01/10

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.50

1.91

1.76

1.50

1.29

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

67

57

53.50

45

35.20

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.40

1.12

1.06

0.87

0.82

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.59

0.91

1.06

1.47

2.19

Total Debt Ratio

0.59

0.91

1.06

1.47

2.19

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

27/03/2015

New Board Member Ms S.J. Large appointed

07/10/2014

Annual Returns

06/09/2014

New Accounts Filed

01/11/2013

New Accounts Filed

01/10/2013

Annual Returns

16/10/2012

Annual Returns

16/10/2012

New Accounts Filed

29/11/2011

Annual Returns

28/11/2011

Annual Returns

14/10/2011

New Accounts Filed

21/05/2011

Mrs W.M. Heesom has resigned as company secretary

21/05/2011

New Company Secretary Ms S.J. Large appointed

21/05/2011

New Board Member Mrs W.M. Heesom appointed

21/05/2011

New Board Member Mr J.R. Heesom appointed

01/10/2010

Annual Returns

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

7 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

ELECTRA HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

KYLIX LTD

 

 

Group StructureFull

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

tminus KYLIX LTD

N/A

-

-

tminus LINTFIELD LIMITED

02766773

31.01.2014

N

tminus ELECTRA HOLDINGS LIM...

03443653

31.01.2014

N

T ELECTRA CHEMICALS...

03435973

31.01.2014

N

T ELECTRA POLYMERS &...

01804591

31.01.2014

N

T ELECTRA POLYMERS L...

03435974

31.01.2014

N

L ELECTRA TECHNOLOGY...

03181368

31.01.2014

N

 

 

Mortgage Details

 

Mortgage Type:

ALL ASSETS DEBENTURE

Date Charge Created:

06/02/04

Date Charge Registered:

21/02/04

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS TSB COMMERCIAL FINANCE LIMITED T/A ALEX LAWRIE FACTORS

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:

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:

DEBENTURE

Date Charge Created:

05/03/99

Date Charge Registered:

13/03/99

Date Charge Satisfied:

30/06/04

Status:

SATISFIED

Person(s) Entitled:

NEDCOR BANK LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

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 DEED

Date Charge Created:

18/08/98

Date Charge Registered:

22/08/98

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS 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 FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Alan Derek Kaizer

1

37

Robert Osborne Hagger

19

26

David John Paul

3

41

Wendy Mary Dobie Heesom

2

9

Wendy Mary Dobie Heesom

2

9

John Richard Heesom

1

5

WATERLOW NOMINEES LIMITED

3006

104288

WATERLOW SECRETARIES LIMITED

3102

107211

Average Invoice Value

Ł1241.57

Invoices available

5

Paid

5

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

0

1

2

2

0

Outstanding

0

0

0

0

0

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.05

UK Pound

1

Rs.99.04

Euro

1

Rs.71.76

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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.