MIRA INFORM REPORT

 

 

Report No. :

352304

Report Date :

30.11.2015

 

IDENTIFICATION DETAILS

 

Name :

BUHLER SORTEX LIMITED

 

 

Formerly Known As :

SORTEX LIMITED

 

 

Registered Office :

20 ATLANTIS AVENUE LONDON E16 2BF

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

01.05.1947

 

 

Com. Reg. No.:

00434274

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :
  • Manufacture of Other Special-Purpose Machinery N.E.C
  • The manufacture and distribution of electronic colour sorters and vision systems, and manufacture and installation of cleaning and sorting machinery, mainly for the food and agriculture industries.

 

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 :

Moderate

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 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 and address

 

Company Name:           BUHLER SORTEX LIMITED

Company No:                00434274

Company Status:          Active - Accounts Filed

Registered Address:      20 ATLANTIS AVENUE LONDON E16 2BF

 

 

Company Summary

 

Registered Address

20 ATLANTIS AVENUE
LONDON
E16 2BF

 

Trading Address

Sortex Ltd
20 Atlantis Avenue
London
E16 2BF

 

Website Address           http://www.buhlersortex.com

 

Telephone Number        02070557777

 

TPS                              No

FPS                              No

Incorporation Date         01/05/1947

 

Previous Name              SORTEX LIMITED

Type                             Private limited with Share Capital

 

FTSE Index                   -

Date of Change             09/07/2007

Filing Date of Accounts 15/09/2015

Currency                       GBP

Share Capital                £1,250,000

SIC07                           28990

Charity Number             -

SIC07 Description         MANUFACTURE OF OTHER SPECIAL-PURPOSE MACHINERY N.E.C.

Principal Activity           The manufacture and distribution of electronic colour sorters and vision systems, and manufacture and installation of cleaning and sorting machinery, mainly for the food and agriculture industries.

 

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit   Shareholder     Funds Employees

31/12/2014        £67,408,564      £14,894,603      £26,280,021      222

31/12/2013        £70,948,649      £17,038,940      £27,134,990      219

31/12/2012        £71,619,562      £17,445,848      £26,229,522      220

 

 

Mortgage Summary

 

Total Mortgage              7

Outstanding                  0

Satisfied                       7

 

 

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 Large company in respect of the rating/limit generated.

This company's return on total assets employed ratio indicates a highly efficient use of assets.

This company has made late payments on a medium 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

7

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

26

 

 

Current Directors

 

Name

Nigel Howard Wilson

Date of Birth

20/01/1961

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

06/11/1998

Address

20 Atlantis Avenue, London, E16 2BF

 

Name

Charith Abeysinghe Gunawardena

Date of Birth

05/12/1961

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

25/09/2000

Address

20 Atlantis Avenue, London, E16 2BF

 

Name

Hamid Reza Kefayati

Date of Birth

06/10/1956

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

18/07/2003

Address

20 Atlantis Avenue, London, E16 2BF

 

Name

Nicholas John Wilkins

Date of Birth

15/09/1958

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/08/2005

Address

The Old Rectory, Church Road, Ardley, Oxfordshire, OX27 7NP

 

Name

Matthew Ian Kelly

Date of Birth

13/05/1975

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

18/04/2011

Address

20 Atlantis Avenue, London, E16 2BF

 

Name

Michal Picalek

Date of Birth

10/07/1964

Officers Title

Mr

Nationality

Swiss

Present Appointments

1

Function

Director

Appointment Date

14/01/2013

Address

20 Atlantis Avenue, London, E16 2BF

 

Name

Nigel Anthony Whittingham

Date of Birth

06/08/1959

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/01/2014

Address

20 Atlantis Avenue, London, E16 2BF

 

Current Company Secretary

Name

Nigel Howard Wilson

Date of Birth

20/01/1961

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Company Secretary

Appointment Date

31/03/1998

Address

20 Atlantis Avenue, London, E16 2BF

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

BUHLER UK HOLDINGS LTD

GBP

1,250,000

ORDINARY

1

100

 

 

Financials

 

Profit & Loss

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£67,408,564

-5%

£70,948,649

-0.9%

£71,619,562

-3.6%

£74,318,042

-12.2%

£84,610,842

Export

£66,899,564

-4.5%

£70,080,649

-1.1%

£70,839,114

-3%

£73,042,505

-12.9%

£83,903,401

Cost of Sales

£42,113,468

-9.3%

£46,435,924

-2.3%

£47,517,164

0.9%

£47,115,484

-9.3%

£51,942,686

Gross Profit

£25,295,096

3.2%

£24,512,725

1.7%

£24,102,398

-11.4%

£27,202,558

-16.7%

£32,668,156

Wages & Salaries

£10,352,480

13.2%

£9,141,453

4.7%

£8,729,386

-2%

£8,908,871

6.3%

£8,382,461

Directors Emoluments

£961,257

-18.2%

£1,174,531

11.2%

£1,056,144

-7.8%

£1,145,667

-8.6%

£1,252,876

Operating Profit

£14,571,464

-12.6%

£16,663,892

-4.5%

£17,442,402

-11.7%

£19,752,187

-22%

£25,320,841

Depreciation

£360,417

58%

£228,154

-42.7%

£398,145

-46.4%

£742,715

1.2%

£734,027

Audit Fees

£48,000

6.7%

£45,000

-5.3%

£47,500

-

£47,500

-2.1%

£48,500

Interest Payments

£88,750

28.7%

£68,955

-51.5%

£142,096

121.5%

£64,165

999.9%

£4,712

Pre Tax Profit

£14,894,603

-12.6%

£17,038,940

-2.3%

£17,445,848

-11.6%

£19,736,004

-22%

£25,318,002

Taxation

-£2,381,572

22.7%

-£3,079,752

24.4%

-£4,075,749

19%

-£5,032,904

29.2%

-£7,110,284

Profit After Tax

£12,513,031

-10.4%

£13,959,188

4.4%

£13,370,099

-9.1%

£14,703,100

-19.2%

£18,207,718

Dividends Payable

£13,000,000

-

£13,000,000

-13.3%

£15,000,000

-6.3%

£16,000,000

45.5%

£11,000,000

Retained Profit

-£486,969

-150.8%

£959,188

158.8%

-£1,629,901

-25.7%

-£1,296,900

-118%

£7,207,718

Balance Sheet

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Tangible Assets

£658,125

9%

£603,943

-9.2%

£664,933

-8.8%

£729,209

-94.3%

£12,683,578

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£658,125

9%

£603,943

-9.2%

£664,933

-8.8%

£729,209

-94.3%

£12,683,578

Stock

£7,597,186

29%

£5,889,493

0.9%

£5,838,711

-1%

£5,896,572

-12.4%

£6,733,692

Trade Debtors

£17,783,128

20.7%

£14,736,475

-7.3%

£15,888,564

-14.6%

£18,603,160

13.1%

£16,445,084

Cash

£4,647,684

105.4%

£2,262,477

-73.4%

£8,512,418

22.1%

£6,968,862

-52.7%

£14,741,438

Other Debtors

£13,311,247

-23.5%

£17,409,593

63.8%

£10,631,252

-13.6%

£12,309,785

114.6%

£5,736,582

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£43,339,245

7.5%

£40,298,038

-1.4%

£40,870,945

-6.6%

£43,778,379

0.3%

£43,656,796

Trade Creditors

£2,861,535

19%

£2,405,207

8.6%

£2,213,734

85.5%

£1,193,468

-67.3%

£3,655,085

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

£3,769,263

113.8%

£1,763,000

-1.3%

£1,785,935

124.6%

£795,204

50.1%

£529,735

Miscellaneous Current Liabilities

£9,559,151

17.5%

£8,136,491

-10.9%

£9,133,490

-23.7%

£11,969,436

-17.2%

£14,458,670

Total Current Liabilities

£16,189,949

31.6%

£12,304,698

-6.3%

£13,133,159

-5.9%

£13,958,108

-25.1%

£18,643,490

Bank Loans & Overdrafts and LTL

£1,527,400

4.5%

£1,462,293

-32.7%

£2,173,197

-24.9%

£2,893,557

-65.5%

£8,385,161

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£1,527,400

4.5%

£1,462,293

-32.7%

£2,173,197

-24.9%

£2,893,557

-65.5%

£8,385,161

.

Capital & Reserves

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Called Up Share Capital

£1,250,000

-

£1,250,000

-

£1,250,000

-

£1,250,000

-

£1,250,000

P & L Account Reserve

£25,030,021

-3.3%

£25,884,990

3.6%

£24,979,522

-5.4%

£26,405,923

-5.9%

£28,061,723

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£26,280,021

-3.2%

£27,134,990

3.5%

£26,229,522

-5.2%

£27,655,923

-5.6%

£29,311,723

Other Financial Items

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Net Worth

£26,280,021

-3.2%

£27,134,990

3.5%

£26,229,522

-5.2%

£27,655,923

-5.6%

£29,311,723

Working Capital

£27,149,296

-3%

£27,993,340

0.9%

£27,737,786

-7%

£29,820,271

19.2%

£25,013,306

Total Assets

£43,997,370

7.6%

£40,901,981

-1.5%

£41,535,878

-6.7%

£44,507,588

-21%

£56,340,374

Total Liabilities

£17,717,349

28.7%

£13,766,991

-10.1%

£15,306,356

-9.2%

£16,851,665

-37.7%

£27,028,651

Net Assets

£26,280,021

-3.2%

£27,134,990

3.5%

£26,229,522

-5.2%

£27,655,923

-5.6%

£29,311,723

Cash Flow

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

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

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£27,807,421

-2.8%

£28,597,283

0.7%

£28,402,719

-7%

£30,549,480

-19%

£37,696,884

Number of Employees

222

1.4%

219

-0.5%

220

-0.5%

221

-1.3%

224

Accountants

Auditors

BOURNER BULLOCK

Auditor Comments

The audit report contains no adverse comments

Bankers

Bank Branch Code

Ratios

Date Of Accounts

31/12/14

31/12/13

31/12/12

31/12/11

31/12/10

Pre-tax profit margin %

22.10

24.02

24.36

26.56

29.92

Current ratio

2.68

3.28

3.11

3.14

2.34

Sales/Net Working Capital

2.48

2.53

2.58

2.49

3.38

Gearing %

5.80

5.40

8.30

10.50

28.60

Equity in %

59.70

66.30

63.10

62.10

52

Creditor Days

15.45

12.33

11.25

5.84

15.72

Debtor Days

96.02

75.60

80.75

91.11

70.74

Liquidity/Acid Test

2.20

2.79

2.66

2.71

1.98

Return On Capital Employed %

53.56

59.58

61.42

64.60

67.16

Return On Total Assets Employed %

33.85

41.65

42

44.34

44.93

Current Debt Ratio

0.61

0.45

0.50

0.50

0.63

Total Debt Ratio

0.67

0.50

0.58

0.60

0.92

Stock Turnover Ratio %

11.27

8.30

8.15

7.93

7.95

Return on Net Assets Employed %

56.67

62.79

66.51

71.36

86.37

 

Report Notes

There are no notes to display.

 

Status History

No Status History found

 

Event History

Date

Description

30/09/2015

Payment Data Update Recieved

30/09/2015

New Accounts Filed

23/05/2015

Annual Returns

19/09/2014

New Accounts Filed

19/09/2014

New Accounts Filed

19/09/2014

Mr B. Mendler has left the board

17/05/2014

Annual Returns

07/05/2014

New Board Member Mr N. Whittingham appointed

08/11/2013

Mr G. Yates has left the board

08/08/2013

Mr C.D. Chaffers has left the board

27/07/2013

New Accounts Filed

27/07/2013

New Accounts Filed

15/05/2013

Annual Returns

25/01/2013

New Board Member Mr M. Picalek appointed

14/07/2012

New Accounts Filed

 

Previous Company Names

Date

Previous Name

09/07/2007

SORTEX LIMITED

31/10/1985

GUNSON'S SORTEX LIMITED

 

Writ Details

No writs found

 

Statistics

Group

8 companies

Linkages

70 companies

Countries

In 22 countries

 

Summary

Holding Company

BUHLER UK HOLDINGS LIMITED

Ownership Status

Intermediately Owned

Ultimate Holding Company

BUHLER HOLDING AG

 

Group Structure Full

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

BUHLER HOLDING AG

 

N/A

-

-

BUHLER UK HOLDINGS LIM...

 

00683185

31.12.2014

Y

£85,677,946

SORTEX LIMITED

 

06251424

31.12.2014

N

BUHLER LIMITED

 

02925744

31.12.2014

N

£12,822,171

BUHLER SORTEX LIMITED

 

00434274

31.12.2014

N

£67,408,564

CONTROL DESIGN AND D...

 

01579088

31.12.2014

N

£6,100,893

BÜHLER ALZENAU GMBH

 

HRB 8425

31.12.2012

N

€128,356,139

LEYBOLD OPTICS UK LI...

 

04023277

31.12.2014

N

£4,330,961

 

Other Linked Companies

Name

Number

Latest Key Financials

Turnover

BÜHLER GMBH

 

HRB 4602

31.12.2014

€65,130,965

BÜHLER GMBH

 

HRB 797

31.12.2014

€185,884,000

BUHLER S.P.A.

 

MI282993

31.12.2014

€25,522,305

BÜHLER AKTIEBOLAG

 

5560732181

31.12.2010

593 KSEK

RICHARD FRISSE GMBH

 

HRB 1394

31.12.2009

€12,935,000

BÜHLER DRUCKGIESSYSTEME GMBH

 

HRB 88608

31.12.2010

€19,005,000

LEYBOLD OPTICS VERWALTUNGS GMBH

 

HRB 8457

31.12.2013

BÜHLER PARTEC GMBH

 

HRB 15104

31.12.2014

LEYBOLD OPTICS DRESDEN GMBH

 

HRB 19689

28.02.2014

€548,921

BÜHLER B.V.

 

06068355

31.12.2014

BÜHLER DEUTSCHLAND GMBH

 

HRB 6353

31.12.2012

BÜHLER AG

 

162812

-

BUHLER

 

272833

31.12.2014

€31,380,127

BÜHLER + SCHERLER AG

 

2801

-

ASE-BÜHLER AG IN LIQUIDATION

 

2802

-

BÜHLER HOLDING AG

 

541487

-

BÜHLER MANAGEMENT AG

 

5630947

-

BÜHLER-IMMO BETRIEBS AG

 

5760846

-

BÜHLER DRUCKGUSS AG

 

730851

-

LEYBOLD OPTICS GMBH

 

HRB 6636

-

 

 

Mortgage Details

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

27/01/99

Date Charge Registered:

28/01/99

Date Charge Satisfied:

22/12/04

Status:

SATISFIED

Person(s) Entitled:

GENERALE BANK NV - GENERALE DE BANQUE SA

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

PROPERTY K/A PUDDING MILL LANE T/NO: EGL164713 AND ALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FROM TIME TO TIME THEREON TOGETHER WITH ALL PLANT MACHINERY FITTINGS COMPUTERS AND OFFICE AND OTHER EQUIPMENT FROM TIME T OTIME ON THEPROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

12/12/80

Date Charge Registered:

19/12/80

Date Charge Satisfied:

19/12/80

Status:

SATISFIED

Person(s) Entitled:

BROWN SHIPLEY & CO. LTD.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CPAITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY

 

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

12/12/80

Date Charge Registered:

19/12/80

Date Charge Satisfied:

19/12/80

Status:

SATISFIED

Person(s) Entitled:

HENRY ANSBACHEN AND COMPANY LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

12/12/80

Date Charge Registered:

19/12/80

Date Charge Satisfied:

19/12/80

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY

 

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

12/12/80

Date Charge Registered:

19/12/80

Date Charge Satisfied:

19/12/80

Status:

SATISFIED

Person(s) Entitled:

HAMBROS BANK LTD.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

12/12/80

Date Charge Registered:

19/12/80

Date Charge Satisfied:

19/12/80

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY

 

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

12/12/80

Date Charge Registered:

19/12/80

Date Charge Satisfied:

19/12/80

Status:

SATISFIED

Person(s) Entitled:

CLYDESDALE BANK LTD.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED & FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL DEBTS UNCALLED CAPITAL. TOGETHER WITH ALL BUILDINGS FIXTURES FIXED PLANT & MACHINERY

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Alan Thomas

2

9

Alan Thomas

2

9

Colin Leonard Lee

0

10

Joseph Antony Haynes

0

35

Brian John Booth

0

2

Brian John Booth

0

2

Martin Connolly Kelly

0

1

John Menzies Low

15

5

Alan Hillary

6

9

Brian Graham Cox

0

2

Bruno Giacomo Mario Kilshaw

0

3

David John Turner

1

35

Beat Haeni

0

2

Steven Simon Henning

0

1

Ronen Day

1

2

Philipp Adrian Muller

0

3

Hans-Jakob Schoch

0

1

Arthur Wettstein

0

4

David Michael Dymond

0

2

Colin David Chaffers

0

1

Mark Jason Honeywood

0

1

Bruno Mendler

0

3

Craig Edward Briggs

0

2

Christopher David Gorner

0

2

Christopher David Gorner

0

2

Gary Yates

0

2

Average Invoice Value

Ł713.96

Invoices available

389

Paid

388

Outstanding

1

 

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

118

208

45

16

1

Outstanding

0

0

0

0

1

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.68

Euro

1

Rs.70.88

GBP

1

Rs.0.015

Note : Above are approximate rates obtained from sources believed to be correct

 

INFORMATION DETAILS

 

Analysis Done by :

HEE

 

 

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%)

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.