MIRA INFORM REPORT

 

 

Report No. :

339628

Report Date :

08.09.2015

 

IDENTIFICATION DETAILS

 

Name :

KING AUTOMOTIVE SYSTEMS LIMITED

 

 

Formerly Known As :

CAMFORD AUTOMOTIVE SYSTEMS LIMITED

 

GEO. W. KING (STEVENAGE) LIMITED

 

KING (T.I.) LIMITED

 

 

Registered Office :

King Automotive Systems, Chelmarsh, Daimler Green Coventry CV6 3LT

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

18.11.1969

 

 

Com. Reg. No.:

00966412

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Subject is engaged in machining, general engineering and related services, principally to the automotive industry.

 

 

No. of Employees :

177 (31.12.2013)

 

 

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 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

 

KING AUTOMOTIVE SYSTEMS LIMITED

 

 

Company No

 

00966412

 

 

Company Status

 

Active - Accounts Filed

 

 

Registered Address

 

KING AUTOMOTIVE SYSTEMS,

CHELMARSH, DAIMLER GREEN

COVENTRY

CV6 3LT

 

 

Company Summary

 

Registered Address

KING AUTOMOTIVE SYSTEMS,

Trading Address

King Automotive Systems

 

CHELMARSH, DAIMLER GREEN

 

Chelmarsh

 

COVENTRY

 

Daimler Green

 

CV6 3LT

 

Coventry, West Midlands

Website Address

http://www.amtek.com

 

CV6 3LT

Telephone Number

02476600300

Fax Number

 

TPS

No

FPS

No

Incorporation Date

18/11/1969

 

 

Previous Name

CAMFORD AUTOMOTIVE

Type

Private limited with Share Capital

 

SYSTEMS LIMITED

 

 

FTSE Index

-

Date of Change

22/05/1997

Filing Date of Accounts

14/08/2014

Currency

GBP

Share Capital

£4

SIC07

25620

Charity Number

-

 

 

SIC07 Description

MACHINING

 

 

Principal Activity

Machining, general engineering and related services, principally to the automotive industry.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/12/2013

£34,749,000

£1,371,000

£6,107,000

177

31/12/2012

£38,796,000

£1,393,000

£5,054,000

226

31/12/2011

£35,205,000

£1,784,000

£4,097,000

249

 

 

Mortgage Summary

 

Total Mortgage

22

Outstanding

2

Satisfied

20

 

 

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.

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

This company trades in an industry with a higher 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 -

 

Total Value of Satisfied CCJs -   £100,567

Total Number of Writs -

-

 

 

 

Total Current Directors

3

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

26


Current Directors

 

Name

Kunal Sabharwal

Date of Birth

06/06/1976

Officers Title

Mr

Nationality

Indian

Present Appointments

4

Function

Director

Appointment Date

14/04/2010

 

 

Address

King Automotive Systems Limited Chelmarsh, Daimler Green, Coventry, West Midlands, CV6 3LT

Name

Sanjay Tiku

Date of Birth

27/01/1970

Officers Title

Mr

Nationality

Indian

Present Appointments

4

Function

Director

Appointment Date

10/03/2010

 

 

Address

Chelmarsh, Daimler, Coventry, CV6 3LT

 

Name

Anubhav Dham

Date of Birth

17/10/1986

Officers Title

Mr

Nationality

Indian

Present Appointments

5

Function

Director

Appointment Date

13/07/2015

 

 

Address

King Automotive Systems,, Chelmarsh, Daimler Green, Coventry, CV6 3LT

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

AMTEK INVESTMENTS UK LTD

GBP

4

ORDINARY

1

100

 

 

Profit & Loss

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Turnover

£34,749,000

-10.4%

£38,796,000

10.2%

£35,205,000

41.5%

£24,884,000

53.5%

£16,211,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Export

£4,615,000

-20.6%

£5,815,000

28.1%

£4,541,000

22.6%

£3,704,000

-18.3%

£4,533,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Cost of Sales

£31,302,000

-11.7%

£35,452,000

16%

£30,558,000

47.7%

£20,684,000

16.9%

£17,694,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Gross Profit

£3,447,000

3.1%

£3,344,000

-28%

£4,647,000

10.6%

£4,200,000

383.2%

-£1,483,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Wages & Salaries

£6,261,000

-6.3%

£6,683,000

-12.2%

£7,611,000

-2.2%

£7,785,000

18.5%

£6,569,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Directors Emoluments

-

-100%

£182,000

52.9%

£119,000

4.4%

£114,000

-45.7%

£210,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Operating Profit

£1,813,000

14.8%

£1,579,000

-26.4%

£2,145,000

265.4%

£587,000

110.5%

-£5,580,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Depreciation

£695,000

13.4%

£613,000

-38%

£988,000

-1%

£998,000

-17.7%

£1,213,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Audit Fees

£26,000

-3.7%

£27,000

-

£27,000

-6.9%

£29,000

-23.7%

£38,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Interest Payments

£462,000

6.5%

£434,000

20.2%

£361,000

41%

£256,000

884.6%

£26,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Pre Tax Profit

£1,371,000

-1.6%

£1,393,000

-21.9%

£1,784,000

439%

£331,000

104.4%

-£7,441,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Taxation

-£233,000

23.1%

-£303,000

-999.9%

£25,000

412.5%

-£8,000

-101.1%

£714,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Profit After Tax

£1,138,000

4.4%

£1,090,000

-39.7%

£1,809,000

460.1%

£323,000

104.8%

-£6,727,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Retained Profit

£1,138,000

4.4%

£1,090,000

-39.7%

£1,809,000

460.1%

£323,000

104.8%

-£6,727,000

 

 

Balance Sheet

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Tangible Assets

£6,646,000

-3.7%

£6,903,000

8.8%

£6,347,000

-1.9%

£6,471,000

-0.3%

£6,491,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Intangible Assets

0

-

0

-

0

-

0

-

0

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Total Fixed Assets

£6,646,000

-3.7%

£6,903,000

8.8%

£6,347,000

-1.9%

£6,471,000

-0.3%

£6,491,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Stock

£1,929,000

-9.1%

£2,122,000

1.2%

£2,097,000

56.1%

£1,343,000

78.4%

£753,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Trade Debtors

£3,658,000

-11.5%

£4,131,000

-13.7%

£4,789,000

226.9%

£1,465,000

-15.2%

£1,727,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Cash

£884,000

8.9%

£812,000

30.5%

£622,000

44%

£432,000

9.1%

£396,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Other Debtors

£5,694,000

59.9%

£3,561,000

22.5%

£2,907,000

78.7%

£1,627,000

39.1%

£1,170,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Total Current Assets

£12,165,000

14.5%

£10,626,000

2%

£10,415,000

114%

£4,867,000

20.3%

£4,046,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Trade Creditors

£2,852,000

7.6%

£2,651,000

-16.6%

£3,179,000

15.4%

£2,754,000

19.4%

£2,307,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts

£5,055,000

3.7%

£4,874,000

43%

£3,409,000

-

0

-

0

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Other Short Term Finance

£2,226,000

-7.2%

£2,398,000

-22%

£3,073,000

61.1%

£1,908,000

-39.1%

£3,131,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Miscellaneous Current Liabilities

£1,699,000

7.5%

£1,581,000

-8.6%

£1,729,000

-13.8%

£2,006,000

73.5%

£1,156,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Total Current Liabilities

£11,832,000

2.9%

£11,504,000

1%

£11,390,000

70.8%

£6,668,000

1.1%

£6,594,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Bank Loans & Overdrafts and LTL

£5,927,000

1.4%

£5,845,000

24.8%

£4,684,000

107.3%

£2,259,000

-40%

£3,763,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Other Long Term Finance

£237,000

-57.1%

£553,000

-52.3%

£1,160,000

-48.6%

£2,259,000

-12.6%

£2,585,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Total Long Term Liabilities

£872,000

-10.2%

£971,000

-23.8%

£1,275,000

-43.6%

£2,259,000

-40%

£3,763,000

.

 

Capital & Reserves

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Called Up Share Capital

-

-

-

-

-

-

-

-

-

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

P & L Account Reserve

£2,215,000

90.6%

£1,162,000

466.8%

£205,000

113.8%

-£1,481,000

17.8%

-£1,801,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Sundry Reserves

£3,892,000

-

£3,892,000

-

£3,892,000

-

£3,892,000

96.5%

£1,981,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Shareholder Funds

£6,107,000

20.8%

£5,054,000

23.4%

£4,097,000

69.9%

£2,411,000

999.9%

£180,000

 

 

Other Financial Items

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Net Worth

£6,107,000

20.8%

£5,054,000

23.4%

£4,097,000

69.9%

£2,411,000

999.9%

£180,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Working Capital

£333,000

137.9%

-£878,000

9.9%

-£975,000

45.9%

-£1,801,000

29.3%

-£2,548,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Total Assets

£18,811,000

7.3%

£17,529,000

4.6%

£16,762,000

47.8%

£11,338,000

7.6%

£10,537,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Total Liabilities

£12,704,000

1.8%

£12,475,000

-1.5%

£12,665,000

41.9%

£8,927,000

-13.8%

£10,357,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Net Assets

£6,107,000

20.8%

£5,054,000

23.4%

£4,097,000

69.9%

£2,411,000

999.9%

£180,000

 

 

Cash Flow

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Capital Employed

£6,979,000

15.8%

£6,025,000

12.2%

£5,372,000

15%

£4,670,000

18.4%

£3,943,000

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Number of Employees

177

-21.7%

226

-9.2%

249

-7.8%

270

12%

241

Accountants

Auditors

BAKER TILLY UK AUDIT LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

LLOYDS TSB BANK PLC

Bank Branch Code

30-87-78

 

 

Ratios

 

Date Of Accounts

31/12/13

31/12/12

31/12/11

31/12/10

31/12/09

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Pre-tax profit margin %

3.95

3.59

5.07

1.33

-45.90

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Current ratio

1.03

0.92

0.91

0.73

0.61

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Sales/Net Working Capital

104.35

-44.19

-36.11

-13.82

-6.36

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Gearing %

97.10

115.70

114.30

93.70

2090.60

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Equity in %

32.50

28.80

24.40

21.30

1.70

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Creditor Days

29.87

24.87

32.86

40.28

51.80

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Debtor Days

38.31

38.75

49.51

21.42

38.77

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Liquidity/Acid Test

0.86

0.73

0.73

0.52

0.49

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Return On Capital Employed %

19.64

23.12

33.20

7.08

-188.71

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Return On Total Assets Employed %

7.28

7.94

10.64

2.91

-70.61

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Current Debt Ratio

1.93

2.27

2.78

2.76

36.63

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Total Debt Ratio

2.08

2.46

3.09

3.70

57.53

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Stock Turnover Ratio %

5.55

5.46

5.95

5.39

4.64

Description: \\vivek\123 Foreign Report Raw\KING AUTOMOTIVE SYSTEMS LIMITED_files\barchart-grey.png

Return on Net Assets Employed %

22.44

27.56

43.54

13.72

-4133.88

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

16/07/2015

New Board Member Mr A. Dham appointed

07/07/2015

Payment Data Update Recieved

23/02/2015

Mr J.G. Martin has resigned as company secretary

05/10/2014

Annual Returns

05/09/2014

New Company Secretary Mr J.G. Martin appointed

02/09/2014

Mr D.F. Wotton has resigned as company secretary

27/08/2014

New Accounts Filed

25/09/2013

Annual Returns

22/05/2013

New Accounts Filed

20/11/2012

Mr K. Parker has left the board

21/09/2012

Annual Returns

31/07/2012

New Company Secretary Mr D.F. Wotton appointed

21/04/2012

New Accounts Filed

07/10/2011

Annual Returns

28/04/2011

New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

22/05/1997

CAMFORD AUTOMOTIVE SYSTEMS LIMITED

29/11/1993

GEO. W. KING (STEVENAGE) LIMITED

31/12/1976

KING (T.I.) LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

8 companies

Linkages

2 companies

Countries

In 1 countries

 

 

Summary

 

Holding Company

AMTEK INVESTMENTS (UK) LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

AMTEK AUTO

 

 

Group Structure Full

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

AMTEK AUTO

05-30333

30.09.2014

-

€2,382,102,611

AMTEK INVESTMENTS (UK)...

04739524

31.12.2013

N

KING AUTOMOTIVE SYST...

00966412

31.12.2013

N

£34,749,000

SECKLOE 165 LIMITED

04801477

31.12.2007

N

£924,000

TRIPLEX COMPONENTS...

02609687

31.12.2007

N

£32,422,000

KETLON LIMITED

04375868

31.12.2007

N

£14,184,000

GWK AMTEK LIMITED

03326288

31.12.2007

Y

GEO. W. KING LIMITED

01137900

31.12.2007

N

£63,944,000

 

 

Other Linked Companies

 

Name

Number

Latest Key Financials

Turnover

ZELTER GMBH

HRB 2731

31.03.2014

€7,970,045

AMTEK DEUTSCHLAND GMBH

HRB 9138

31.12.2012

€42,973,903

 

 

Exact CCJ Details

 

Date

Court

Amount

Status

Case Number

Date Paid

31/12/2010

WORCESTER

£46,718

Satisfied

0WR02738

27/05/2011

27/06/2010

HARLOW

£34,115

Satisfied

0QT55507

26/05/2011

03/12/2009

CARDIFF

£5,972

Satisfied

9CF08063

14/04/2010

26/11/2009

NORTHAMPTON CCBC

£3,817

Satisfied

9QZ48235

24/06/2010

23/11/2009

NORTHAMPTON CCBC

£409

Satisfied

9XQ82938

23/03/2010

27/10/2009

NORTHAMPTON CCBC

£3,579

Satisfied

9XO95242

04/01/2010

23/09/2009

MANCHESTER

£5,957

Satisfied

9MA14340

13/05/2010

 

 

Possible CCJs Details

 

Possible CCJ matches show CCJs that may be matched to a company based on various criteria such as similar trading names or addresses. This data is provided for your information only as an aid to decision-making and does not affect a company’s rating.

 

There are no possible CCJ details

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

05/08/15

Date Charge Registered:

19/08/15

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

US BANK TRUSTEES LIMITED;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:

Date Charge Created:

09/04/15

Date Charge Registered:

22/04/15

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

U.S.BANK TRUSTEES LIMITED;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE.

 

Mortgage Type:

SECURITY AGREEMENT

Date Charge Created:

30/10/12

Date Charge Registered:

12/11/12

Date Charge Satisfied:

21/01/15

Status:

SATISFIED

Person(s) Entitled:

ICICI BANK UK PLC, NIEDERLASSUNG FRANKFURT AM MAIN;

Amount Secured:

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY. SEE IMAGE FOR FULL DETAILS

Mortgage Type:

DEED OF AMENDMENT

Date Charge Created:

06/08/12

Date Charge Registered:

10/08/12

Date Charge Satisfied:

21/01/15

Status:

SATISFIED

Person(s) Entitled:

IDBI BANK LIMITED;

Amount Secured:

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

26/07/11

Date Charge Registered:

11/08/11

Date Charge Satisfied:

21/01/15

Status:

SATISFIED

Person(s) Entitled:

IDBI BANK LIMITED, DIFC BRANCH, DUBAI;

Amount Secured:

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

Mortgage Type:

DEED OF CHARGE OVER CREDIT BALANCES

Date Charge Created:

31/03/09

Date Charge Registered:

18/04/09

Date Charge Satisfied:

26/11/09

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

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

Details:

THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL ORANY PART OF THE MONEY PAYABLE PURSUANT TO SUCH DEPOSIT(S) & THE DEBTS REPRESENTEDTHEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF & TO GIVE EFFECT TO THE SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) & INTEREST THEREONACCOUNT NUMBER 03093263SORT CODE 20 00 00ACCOUNT NAME BB REKING AUTOMOTIVE SYSTEMS LIMITED

 

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

31/03/09

Date Charge Registered:

06/04/09

Date Charge Satisfied:

16/04/11

Status:

SATISFIED

Person(s) Entitled:

FORD MOTOR COMPANY LIMITED

Amount Secured:

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS

Mortgage Type:

DEBENTURE

Date Charge Created:

18/03/09

Date Charge Registered:

04/04/09

Date Charge Satisfied:

09/09/11

Status:

SATISFIED

Person(s) Entitled:

AMTEK INVESTMENTS (UK) LIMITED

Amount Secured:

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY. SEE IMAGEFOR FULL DETAILS

 

Mortgage Type:

MORTGAGE

Date Charge Created:

16/11/05

Date Charge Registered:

26/11/05

Date Charge Satisfied:

08/06/09

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC C/O BARCLAYS MERCANTILE BUSINESS FINANCE LIMITED

Amount Secured:

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

Details:

THE ITEMS BEING PLANT NO 1238 P J HARE TWIN SHOCK ABSORBER ASSEMBLY MACHINE ATLAS COPCO TENSOR S7 CONTROL S/N 98X0049X200 ASSY, PLANT NO 1237 P J HARE TWIN SHOCK ABSORBER ASSEMBLY MACHINE ATLAS COPCOTENSOR S7 CONTROL S/N 98X0050X200 ASSY AND PLANT NO 6035 GUYSON ORBIT 800 PARTSWASHER S/N 50105 BENTLEY ASSY FOR DETAILS OF FURTHER GOODS CHARGED PLEASE REFERTO FORM 395 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

04/11/05

Date Charge Registered:

17/11/05

Date Charge Satisfied:

08/06/09

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 AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

Mortgage Type:

FIXED AND FLOATING CHARGE

Date Charge Created:

24/10/03

Date Charge Registered:

07/11/03

Date Charge Satisfied:

25/11/05

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

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:

FIXED AND FLOATING CHARGE

Date Charge Created:

24/10/03

Date Charge Registered:

29/10/03

Date Charge Satisfied:

25/11/05

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

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:

FIXED AND FLOATING CHARGE

Date Charge Created:

12/06/02

Date Charge Registered:

18/06/02

Date Charge Satisfied:

25/11/05

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND 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 FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:

DEBENTURE

Date Charge Created:

12/06/02

Date Charge Registered:

18/06/02

Date Charge Satisfied:

25/11/05

Status:

SATISFIED

Person(s) Entitled:

LOMBARD NORTH CENTRAL 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 FIXTURESFIXED PLANT AND MACHINERY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

12/06/02

Date Charge Registered:

18/06/02

Date Charge Satisfied:

25/11/05

Status:

SATISFIED

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:

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

Mortgage Type:

DEBENTURE

Date Charge Created:

01/05/97

Date Charge Registered:

14/05/97

Date Charge Satisfied:

10/07/02

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE FACILITIES AGREEMENT ANDTHE DEBENTURE AS DEFINED THEREIN

Details:

LAND TO THE SOUTHEAST OF CAPMARTIN ROAD, RADFORD, WEST MIDLANDS TITLE NUMBER WM588798. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILLBOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

01/05/97

Date Charge Registered:

14/05/97

Date Charge Satisfied:

10/07/02

Status:

SATISFIED

Person(s) Entitled:

LOMBARD NORTH CENTRAL PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE DEBENTURE AS DEFINED THEREIN

Details:

LAND TO THE SOUTH EAST OF CAPMARTIN ROAD, REDFORD, WEST MIDLANDS TITLE NUMBER WM588798. 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:

CHATTEL MORTGAGE

Date Charge Created:

01/05/97

Date Charge Registered:

14/05/97

Date Charge Satisfied:

10/07/02

Status:

SATISFIED

Person(s) Entitled:

LOMBARD NORTH CENTRAL PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE CHATTEL MORTGAGE AS DEFINED THEREIN

Details:

THE CHATTELS SET OUT ON THE SCHEDULE ATTACHED TO THE FORM M395 TOGETHER WITH ANY PART OR PARTS THEREOF AND ALL ADDITIONS ALTERNATIVES ACCESSORIES REPLACEMENTS AND RENEWALS OF COMPONENT PARTS THERETO AND ALL TECHNICAL AND LOG BOOKS THEREOF TOGETHER WITH ANY ITEM OR ITEMS,THE INSURANCE POLICIES AND THE CONTRACTS BEING THE RIGHT AND TITLE AND INTERESTIN AND TO THE BENEFIT OF ALL PRESENT AND FUTURE AGREEMENTS RELATING TO THE CHATTELS. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

CHATTEL MORTGAGE

Date Charge Created:

01/05/97

Date Charge Registered:

14/05/97

Date Charge Satisfied:

10/07/02

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE FACILITIES AGREEMENT ANDTHE CHATTEL MORTGAGE AS DEFINED THEREIN

Details:

THE CHATTELS SET OUT ON THE SCHEDULE ATTACHED TO THE FORM M395 TOGETHER WITH ANY PART OR PARTS THEREOF AND ALL ADDITIONS ALTERNATIVES ACCESSORIES REPLACEMENTS AND RENEWALS OF COMPONENT PARTS THERETO AND ALL TECHNICAL AND LOG BOOKS THEREOF TOGETHER WITH ANY ITEM OR ITEMS,THE INSURANCE POLICIES AND THE CONTRACTS BEING THE RIGHT AND TITLE AND INTERESTIN AND TO THE BENEFIT OF ALL PRESENT AND FUTURE AGREEMENTS RELATING TO THE CHATTELS.

Mortgage Type:

DEBENTURE

Date Charge Created:

01/05/97

Date Charge Registered:

07/05/97

Date Charge Satisfied:

10/07/02

Status:

SATISFIED

Person(s) Entitled:

3I PLC, FOR ITSELF AND AS TRUSTEE FOR THE INVESTORS (AS DEFINED)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE IN RESPECT OF THE LOAN (AS DEFINED)PURSUANT TO A DEEDOF GUARANTY AND INDEMNITY OF EVEN DATE

Details:

(INCLUDING TRADE FIXTURES) 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

 

Mortgage Type:

GUARANTEE & DEBENTURE

Date Charge Created:

10/02/82

Date Charge Registered:

23/02/82

Date Charge Satisfied:

23/02/82

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 CHARGES UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS & UNCALLED CAPITAL. WITH ALL BUILDINGS FIXTURES (INCL. TRADE FIXTURES) FIXED PLANT & MACHINERY.

Mortgage Type:

GUARANTEE DEBENTURE

Date Charge Created:

10/02/82

Date Charge Registered:

19/02/82

Date Charge Satisfied:

19/02/82

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 CHARGES UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS & UNCALLED CAPITAL. WITH ALL BUILDINGS FIXTURES (INCL. TRADE FIXTURES) FIXED PLANT & MACHINERY

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Mark Thomas Farby Kerrigan

13

10

John Michael Johnson

8

17

Terence Ian Barringer

0

7

Peter Michael Paul

11

20

Peter Michael Paul

11

20

Richard Anthony Drury

3

7

Richard Anthony Drury

3

7

John Ernest Flintham

23

28

Richard Alan Churchman

3

7

Derek John Benton

4

19

Michael Tracey

0

1

Alan Neil Ramsay Davidson

8

38

Alan Neil Ramsay Davidson

8

38

Roger William Ball

0

2

Kenneth Parker

1

3

Roderick Brett Welch

9

126

Arvind Dham

3

1

Mark James Haughton

1

14

Gareth Edward Green

0

2

Paul Scott Tuley

0

2

Philippa Lucy Bishop

16

5

Philip Anthony Smith

0

8

Ashok Ravjibhai Patel

17

10

Ashok Ravjibhai Patel

0

1

Derek Frank Wotton

0

1

Jonathan George Martin

0

1

 

Average Invoice Value

Ł635.28

Invoices available

53

Paid

50

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

9

29

11

1

0

Outstanding

0

3

0

0

0

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.66.74

UK Pound

1

Rs.101.36

Euro

1

Rs.74.27

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

VNT

 

               

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.