|
Report No. : |
351472 |
|
Report Date : |
26.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
COMPACT ENGINEERING LIMITED |
|
|
|
|
Registered Office : |
Unit 8 Severfield Closethirsk Industrial Parkthirskyo7 3BX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
19.11.1986 |
|
|
|
|
Com. Reg. No.: |
02075654 |
|
|
|
|
Legal Form : |
Private
limited with Share Capital |
|
|
|
|
Line of Business : |
·
Manufacture of machinery for paper and paperboard
production
|
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
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 |
COMPACT ENGINEERING
LIMITED
02075654
UNIT 8 SEVERFIELD CLOSETHIRSK INDUSTRIAL PARKTHIRSKYO7 3BX
Registered
Address
UNIT
8 SEVERFIELD CLOSE
THIRSK INDUSTRIAL PARK
THIRSK
YO7 3BX
Trading
Address
Unit
8 Thirsk Industrial Park
York Road
Thirsk, North Yorkshire
YO7 3BX
Website
Address http://www.compact.co.uk
Telephone
Number 01845525356
Fax
Number
TPS Yes
FPS No
Incorporation
Date 19/11/1986
Previous
Name
Type Private limited with
Share Capital
FTSE
Index -
Date
of Change -
Filing
Date of Accounts 16/06/2015
Currency GBP
Share
Capital £100
SIC07 28950
Charity
Number -
SIC07
Description MANUFACTURE OF
MACHINERY FOR PAPER AND PAPERBOARD PRODUCTION
Principal
Activity Manufacture machinery
for paper and board.
Year
to Date Turnover Pre Tax Profit Shareholder Funds
Employees
30/09/2014 - - -£165,416 -
30/09/2013 - - -£260,857 -
30/09/2012 - - -£273,705 -
Total
Mortgage 2
Outstanding 1
Satisfied 1
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 positive net working capital position. |
|
The
latest cash balances are considered to be low in terms of the overall
outstanding creditor obligations. |
|
The
negative debt/equity ratio indicates a Balance Sheet deficiency funded by
creditors/debt. |
|
There
has been an increase in shareholders funds compared with the previous balance
sheet. |
|
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 |
1 |
|
Name |
David
Bernard Klemz |
Date
of Birth |
03/04/1939 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment
Date |
19/05/1991 |
||
|
Address |
Bay
House, Mickley, Ripon, North Yorkshire, HG4 3JE |
||
|
Name |
Timothy
David Ives Klemz |
Date
of Birth |
13/09/1967 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
7 |
Function |
Director |
|
Appointment
Date |
14/11/2013 |
||
|
Address |
Unit
8 Severfield Close, Thirsk Industrial Park, Thirsk, North Yorkshire, YO7 3BX |
||
|
Name |
David
Bernard Klemz |
Date
of Birth |
03/04/1939 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
3 |
Function |
Company
Secretary |
|
Appointment
Date |
19/05/1991 |
||
|
Address |
Bay
House, Mickley, Ripon, North Yorkshire, HG4 3JE |
||
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
TRUSTEES
OF D.B. KLEMZ SETTLEMENT |
GBP |
73 |
ORDINARY |
1 |
73 |
|
M.F.
WEBER |
GBP |
22 |
ORDINARY |
1 |
22 |
|
D.B.
KLEMZ |
GBP |
5 |
ORDINARY |
1 |
5 |
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 |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£12,088 |
-0.1% |
£12,100 |
-7.7% |
£13,103 |
-16.1% |
£15,611 |
4.5% |
£14,940 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Tangible Assets |
£55,832 |
-12% |
£63,431 |
-15.3% |
£74,901 |
-13.1% |
£86,199 |
-13.6% |
£99,810 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£55,832 |
-12% |
£63,431 |
-15.3% |
£74,901 |
-13.1% |
£86,199 |
-13.6% |
£99,810 |
|
Stock |
£95,159 |
-2.9% |
£98,024 |
-18% |
£119,520 |
-28.1% |
£166,149 |
-2% |
£169,576 |
|
Trade Debtors |
£203,746 |
590% |
£29,527 |
-37.7% |
£47,380 |
-14.1% |
£55,143 |
18.8% |
£46,413 |
|
Cash |
0 |
-100% |
£119 |
75% |
£68 |
-98.6% |
£4,819 |
- |
0 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£298,905 |
134.1% |
£127,670 |
-23.5% |
£166,968 |
-26.2% |
£226,111 |
4.7% |
£215,989 |
|
Trade Creditors |
£294,653 |
35.5% |
£217,458 |
-19.7% |
£270,751 |
23.5% |
£219,225 |
7.2% |
£204,440 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
-100% |
£104,694 |
50% |
£69,794 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£294,653 |
35.5% |
£217,458 |
-19.7% |
£270,751 |
-16.4% |
£323,919 |
18.1% |
£274,234 |
|
Bank Loans & Overdrafts and LTL |
£225,500 |
-3.8% |
£234,500 |
-4.2% |
£244,823 |
-44.3% |
£439,695 |
-2.9% |
£452,866 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£225,500 |
-3.8% |
£234,500 |
-4.2% |
£244,823 |
-26.9% |
£335,001 |
-12.5% |
£383,072 |
.
Capital & Reserves
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
P & L Account Reserve |
-£165,516 |
36.6% |
-£260,957 |
4.7% |
-£273,805 |
21% |
-£346,710 |
-1.5% |
-£341,607 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
-£165,416 |
36.6% |
-£260,857 |
4.7% |
-£273,705 |
21% |
-£346,610 |
-1.5% |
-£341,507 |
Other Financial Items
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Net Worth |
-£165,416 |
36.6% |
-£260,857 |
4.7% |
-£273,705 |
21% |
-£346,610 |
-1.5% |
-£341,507 |
|
Working Capital |
£4,252 |
104.7% |
-£89,788 |
13.5% |
-£103,783 |
-6.1% |
-£97,808 |
-67.9% |
-£58,245 |
|
Total Assets |
£354,737 |
85.6% |
£191,101 |
-21% |
£241,869 |
-22.6% |
£312,310 |
-1.1% |
£315,799 |
|
Total Liabilities |
£520,153 |
15.1% |
£451,958 |
-12.3% |
£515,574 |
-21.8% |
£658,920 |
0.2% |
£657,306 |
|
Net Assets |
-£165,416 |
36.6% |
-£260,857 |
4.7% |
-£273,705 |
21% |
-£346,610 |
-1.5% |
-£341,507 |
Cash Flow
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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 |
£60,084 |
328% |
-£26,357 |
8.7% |
-£28,882 |
-148.8% |
-£11,609 |
-127.9% |
£41,565 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
|||||||||
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date
Of Accounts |
30/09/14 |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
|
Pre-tax
profit margin % |
- |
- |
- |
- |
- |
|
Current
ratio |
1.01 |
0.59 |
0.62 |
0.70 |
0.79 |
|
Sales/Net
Working Capital |
- |
- |
- |
- |
- |
|
Gearing
% |
-136.30 |
-89.90 |
-89.40 |
-126.90 |
-132.60 |
|
Equity
in % |
-46.60 |
-136.50 |
-113.20 |
-111 |
-108.10 |
|
Creditor
Days |
- |
- |
- |
- |
- |
|
Debtor
Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid
Test |
0.69 |
0.13 |
0.17 |
0.18 |
0.16 |
|
Return
On Capital Employed % |
- |
- |
- |
- |
- |
|
Return
On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current
Debt Ratio |
-1.78 |
-0.83 |
-0.98 |
-0.93 |
-0.80 |
|
Total
Debt Ratio |
-3.14 |
-1.73 |
-1.88 |
-1.90 |
-1.92 |
|
Stock
Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return
on Net Assets Employed % |
- |
- |
- |
- |
- |
REPORT
NOTES
There
are no notes to display.
STATUS
HISTORY
No
Status History found
|
Date |
Description |
|
24/06/2015 |
New
Accounts Filed |
|
30/05/2015 |
Annual
Returns |
|
08/07/2014 |
Annual
Returns |
|
20/03/2014 |
New
Accounts Filed |
|
20/03/2014 |
New
Accounts Filed |
|
05/12/2013 |
New
Board Member Mr T.D. Klemz appointed |
|
28/11/2013 |
Mr
M.F. Weber has left the board |
|
28/11/2013 |
New
Board Member Mr T.D. Klemz appointed |
|
17/06/2013 |
New
Accounts Filed |
|
28/05/2013 |
Annual
Returns |
|
28/06/2012 |
Change
in Reg.Office |
|
28/06/2012 |
Change
of Company Postcode |
|
15/06/2012 |
New
Accounts Filed |
|
13/06/2012 |
Annual
Returns |
|
08/08/2011 |
Annual
Returns |
PREVIOUS
COMPANY NAMES
No
Previous Names found
No
writs found
Statistics
|
Group |
- |
|
Linkages |
0
companies |
|
Countries |
In
0 countries |
Summary
|
Holding
Company |
- |
|
Ownership
Status |
|
|
Ultimate
Holding Company |
- |
GROUP
STRUCTURE
No
Group Structure
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
17/01/14 |
||
|
Date
Charge Registered: |
21/01/14 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
SANTANDER
UK PLC; |
||
|
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: |
MORTGAGE
DEBENTURE |
||
|
Date
Charge Created: |
14/05/91 |
||
|
Date
Charge Registered: |
04/02/14 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
NATIONAL
WESTMINSTER BANK PLC; |
||
|
Amount
Secured: |
|||
|
Details: |
A
SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR
THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND
ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND
THE BENEFITS OF ANY LICENCES |
||
|
Name |
Current
Directorships |
Previous
Directorships |
|
Manfred
Franz Weber |
0 |
1 |
|
Average
Invoice Value |
Ł144.49 |
|
|
Invoices
available |
39 |
|
|
Paid |
39 |
|
|
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 |
26 |
11 |
2 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
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.