MIRA INFORM REPORT
|
Report No. : |
340323 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KM PRODUCTS EUROPE LIMITED |
|
|
|
|
Formerly Known As : |
K. M. PRODUCTS
EUROPE LIMITED |
|
|
|
|
Registered Office : |
Aissela 42-50 High Streeteshersurreykt10 9qy |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
27.11.1992 |
|
|
|
|
Com. Reg. No.: |
02768670 |
|
|
|
|
Legal Form : |
Private limited with
Share Capital |
|
|
|
|
Line of Business : |
Distribution of
spare parts for earthmoving equipment and diesel engines on a world-wide
basis. |
|
|
|
|
No. of Employees : |
51 (2014) |
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 and address
KM PRODUCTS EUROPE
LIMITED
AISSELA 42-50 HIGH STREETESHERSURREYKT10 9QY
Company No.
02768670
Company Status
Active - Accounts
Filed
Company Summary
Registered Address AISSELA 42-50 HIGH STREET
ESHER
SURREY
KT10 9QY
Trading Address Aissela
42-50 High Street
Esher
Surrey
KT10 9QY
KMP House Hanworth Lane,
Business Park, Hanworth Lane
Chertsey Surrey KT 16 9JX England,
United Kingdom
Website Address http://www.kmpbrand.com
Telephone Number -
Fax Number
TPS -
FPS No
Incorporation Date 27/11/1992
Previous Name K. M. PRODUCTS EUROPE LIMITED
Type Private limited with Share Capital
FTSE Index -
Date of Change 22/09/1997
Filing Date of
Accounts 16/04/2015
Currency GBP
Share Capital £857,500
SIC07 46140
Charity Number -
SIC07 Description AGENTS INVOLVED IN THE SALE OF MACHINERY,
INDUSTRIAL EQUIPMENT, SHIPS AND AIRCRAFT
Principal Activity Distribution of spare parts for earthmoving
equipment and diesel engines on a world-wide basis.
Key Financials
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
31/12/2014 £12,090,748 £842,976 £4,374,281 51
31/12/2013 £12,271,377 £1,016,160 £4,021,810 47
31/12/2012 £11,471,195 £888,199 £3,448,777 44
Mortgage Summary
Total Mortgage 7
Outstanding 6
Satisfied 1
Trade Debtors / Bad Debt Summary
Total Number of
Documented Trade 1
Total Value of Documented
Trade £2,964
Commentary
|
This company has
been treated as a Medium company in respect of the rating/limit generated. |
|
This company's
ratio of total liabilities to total assets indicates the presence of moderate
equity funding. |
|
This company's
return on total assets employed ratio indicates a relatively efficient use of
assets. |
|
This company has
made late payments on a high percentage of invoices. |
|
This company's
bank loans and overdrafts (less cash) account for a moderate percentage of
short term liabilities. |
|
This company
trades in an industry with a lower 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 |
12 |
Current Directors
|
Name |
Nigel Lewis
Smith |
Date of Birth |
22/04/1949 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
5 |
Function |
Director |
|
Appointment Date |
01/11/1993 |
||
|
Address |
54 Durleston Park
Drive, Great Bookham, Surrey, KT23 4AJ |
||
|
Name |
Joseph Eisenberg |
Date of Birth |
23/06/1939 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
8 |
Function |
Director |
|
Appointment Date |
27/11/1992 |
||
|
Address |
14 Gillespie
House, Holloway Drive, Virginia Water, Surrey, GU25 4SU |
||
|
Name |
Michael Lea |
Date of Birth |
28/07/1956 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/09/2003 |
||
|
Address |
53 High View
Road, Guildford, Surrey, GU2 7RT |
||
|
Name |
Virendra Mundra |
Date of Birth |
10/06/1953 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/01/2007 |
||
|
Address |
15 Louis Fields,
Fairlands, Guildford, Surrey, GU3 3JG |
||
|
Name |
David Scrivener |
Date of Birth |
11/05/1973 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/01/2007 |
||
|
Address |
25 Strathcona
Gardens, Knaphill, Woking, Surrey, GU21 2AY |
||
|
Name |
Khaled Aqrabawi |
Date of Birth |
27/04/1965 |
|
Officers Title |
Mr |
Nationality |
American |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment Date |
16/04/2012 |
||
|
Address |
The Forum Units
B And D Hanworth Lane Business Par, Hanworth Lane, Chertsey, Surrey, KT13 9TJ |
||
Current Company Secretary
|
Name |
Nigel Lewis
Smith |
Date of Birth |
22/04/1949 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
5 |
Function |
Company
Secretary |
|
Appointment Date |
30/09/2003 |
||
|
Address |
54 Durleston
Park Drive, Great Bookham, Surrey, KT23 4AJ |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
|
KMP HOLDINGS LTD |
GBP |
857,500 |
ORDINARY A |
1 |
100 |
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 |
£12,090,748 |
-1.5% |
£12,271,377 |
7% |
£11,471,195 |
11.5% |
£10,284,576 |
17.7% |
£8,735,215 |
|
|
Export |
£11,709,334 |
-2.6% |
£12,023,440 |
7.9% |
£11,139,476 |
12.6% |
£9,889,721 |
17.6% |
£8,413,148 |
|
|
Cost of Sales |
£7,757,181 |
-1.2% |
£7,852,142 |
5% |
£7,475,478 |
8.2% |
£6,908,158 |
16.2% |
£5,946,687 |
|
|
Gross Profit |
£4,333,567 |
-1.9% |
£4,419,235 |
10.6% |
£3,995,717 |
18.3% |
£3,376,418 |
21.1% |
£2,788,528 |
|
|
Wages &
Salaries |
£2,303,188 |
5.7% |
£2,178,985 |
14.1% |
£1,909,655 |
24.7% |
£1,531,613 |
9.5% |
£1,398,962 |
|
|
Directors
Emoluments |
£608,077 |
1.2% |
£600,739 |
14.4% |
£525,056 |
28.2% |
£409,687 |
2.2% |
£400,865 |
|
|
Operating Profit |
£934,480 |
-15.2% |
£1,101,421 |
9.9% |
£1,001,862 |
13% |
£886,374 |
72.5% |
£513,937 |
|
|
Depreciation |
£42,365 |
2.5% |
£41,337 |
-4.3% |
£43,203 |
9% |
£39,619 |
-12.8% |
£45,450 |
|
|
Audit Fees |
£21,629 |
21.8% |
£17,758 |
18.4% |
£15,000 |
7.1% |
£14,000 |
9.8% |
£12,750 |
|
|
Interest
Payments |
£91,504 |
7.3% |
£85,261 |
-25% |
£113,663 |
72.1% |
£66,034 |
92.3% |
£34,332 |
|
|
Pre Tax Profit |
£842,976 |
-17% |
£1,016,160 |
14.4% |
£888,199 |
8.3% |
£820,340 |
71% |
£479,605 |
|
|
Taxation |
-£190,503 |
21.6% |
-£243,125 |
-5.8% |
-£229,800 |
-1.5% |
-£226,358 |
-42.4% |
-£158,975 |
|
|
Profit After Tax |
£652,473 |
-15.6% |
£773,035 |
17.4% |
£658,399 |
10.8% |
£593,982 |
85.3% |
£320,630 |
|
|
Dividends
Payable |
£300,002 |
50% |
£200,002 |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
£352,471 |
-38.5% |
£573,033 |
-13% |
£658,399 |
10.8% |
£593,982 |
85.3% |
£320,630 |
Balance Sheet
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Tangible Assets |
£1,036,541 |
8.4% |
£955,877 |
-0.6% |
£961,476 |
1.1% |
£950,722 |
-1.8% |
£968,216 |
|
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed
Assets |
£1,036,541 |
8.4% |
£955,877 |
-0.6% |
£961,476 |
1.1% |
£950,722 |
-1.8% |
£968,216 |
|
|
Stock |
£4,903,321 |
-3.8% |
£5,098,549 |
-0.7% |
£5,136,224 |
8.4% |
£4,739,394 |
26.7% |
£3,740,553 |
|
|
Trade Debtors |
£2,166,795 |
-10% |
£2,408,264 |
17.6% |
£2,048,708 |
18.4% |
£1,730,641 |
23.2% |
£1,405,204 |
|
|
Cash |
£1,006,247 |
59.8% |
£629,755 |
105.1% |
£307,083 |
-52.3% |
£643,896 |
376.3% |
£135,197 |
|
|
Other Debtors |
£455,628 |
10.1% |
£413,733 |
62.4% |
£254,823 |
-15.6% |
£301,836 |
-12.4% |
£344,513 |
|
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current
Assets |
£8,531,991 |
-0.2% |
£8,550,301 |
10.4% |
£7,746,838 |
4.5% |
£7,415,767 |
31.8% |
£5,625,467 |
|
|
Trade Creditors |
£2,008,861 |
18.1% |
£1,700,765 |
-15.2% |
£2,004,712 |
-11.8% |
£2,273,832 |
24.1% |
£1,831,827 |
|
|
Bank Loans &
Overdrafts |
£2,699,547 |
-18.9% |
£3,327,856 |
21.2% |
£2,745,704 |
-3.5% |
£2,845,200 |
35.3% |
£2,103,173 |
|
|
Other Short Term
Finance |
£95,001 |
- |
0 |
-100% |
£57,999 |
-36.4% |
£91,164 |
133.1% |
£39,105 |
|
|
Miscellaneous
Current Liabilities |
£361,057 |
-18.4% |
£442,335 |
0.8% |
£438,869 |
24.2% |
£353,454 |
-13.6% |
£409,320 |
|
|
Total Current
Liabilities |
£5,164,466 |
-5.6% |
£5,470,956 |
4.3% |
£5,247,284 |
-5.7% |
£5,563,650 |
26.9% |
£4,383,425 |
|
|
Bank Loans &
Overdrafts and LTL |
£2,729,332 |
-18.3% |
£3,341,268 |
21.2% |
£2,757,957 |
-3.5% |
£2,857,661 |
35% |
£2,117,035 |
|
|
Other Long Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term
Liabilities |
£29,785 |
122.1% |
£13,412 |
9.5% |
£12,253 |
-1.7% |
£12,461 |
-10.1% |
£13,862 |
.
Capital & Reserves
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Called Up Share
Capital |
£857,500 |
- |
£857,500 |
- |
£857,500 |
- |
£857,500 |
- |
£857,500 |
|
|
P & L
Account Reserve |
£3,516,781 |
11.1% |
£3,164,310 |
22.1% |
£2,591,277 |
34.1% |
£1,932,878 |
44.4% |
£1,338,896 |
|
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder
Funds |
£4,374,281 |
8.8% |
£4,021,810 |
16.6% |
£3,448,777 |
23.6% |
£2,790,378 |
27% |
£2,196,396 |
Other Financial Items
|
Date Of Accounts |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
|
|
|
Net Worth |
£4,374,281 |
8.8% |
£4,021,810 |
16.6% |
£3,448,777 |
23.6% |
£2,790,378 |
27% |
£2,196,396 |
|
|
Working Capital |
£3,367,525 |
9.4% |
£3,079,345 |
23.2% |
£2,499,554 |
35% |
£1,852,117 |
49.1% |
£1,242,042 |
|
|
Total Assets |
£9,568,532 |
0.7% |
£9,506,178 |
9.2% |
£8,708,314 |
4.1% |
£8,366,489 |
26.9% |
£6,593,683 |
|
|
Total
Liabilities |
£5,194,251 |
-5.3% |
£5,484,368 |
4.3% |
£5,259,537 |
-5.7% |
£5,576,111 |
26.8% |
£4,397,287 |
|
|
Net Assets |
£4,374,281 |
8.8% |
£4,021,810 |
16.6% |
£3,448,777 |
23.6% |
£2,790,378 |
27% |
£2,196,396 |
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 |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
|
|
Capital Employed |
£4,404,066 |
9.1% |
£4,035,222 |
16.6% |
£3,461,030 |
23.5% |
£2,802,839 |
26.8% |
£2,210,258 |
|
|
Number of
Employees |
51 |
8.5% |
47 |
6.8% |
44 |
10% |
40 |
5.3% |
38 |
|
Accountants |
||||||||||
|
Auditors |
HAINES WATTS |
|||||||||
|
Auditor Comments |
The audit report
contains no adverse comments |
|||||||||
|
Bankers |
HSBC BANK PLC |
|||||||||
|
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 % |
6.97 |
8.28 |
7.74 |
7.98 |
5.49 |
|
|
Current ratio |
1.65 |
1.56 |
1.48 |
1.33 |
1.28 |
|
|
Sales/Net
Working Capital |
3.59 |
3.99 |
4.59 |
5.55 |
7.03 |
|
|
Gearing % |
62.40 |
83.10 |
80 |
102.40 |
96.40 |
|
|
Equity in % |
45.70 |
42.30 |
39.60 |
33.40 |
33.30 |
|
|
Creditor Days |
60.47 |
50.44 |
63.61 |
80.47 |
76.33 |
|
|
Debtor Days |
65.23 |
71.43 |
65 |
61.25 |
58.55 |
|
|
Liquidity/Acid
Test |
0.70 |
0.63 |
0.49 |
0.48 |
0.43 |
|
|
Return On
Capital Employed % |
19.14 |
25.18 |
25.66 |
29.26 |
21.69 |
|
|
Return On Total
Assets Employed % |
8.80 |
10.68 |
10.19 |
9.80 |
7.27 |
|
|
Current Debt
Ratio |
1.18 |
1.36 |
1.52 |
1.99 |
1.99 |
|
|
Total Debt Ratio |
1.18 |
1.36 |
1.52 |
1.99 |
2 |
|
|
Stock Turnover
Ratio % |
40.55 |
41.54 |
44.77 |
46.08 |
42.82 |
|
|
Return on Net
Assets Employed % |
19.27 |
25.26 |
25.75 |
29.39 |
21.83 |
Report Notes
|
There are no
notes to display. |
Status History
|
No Status
History found |
Event History
|
Date |
Description |
|
07/07/2015 |
Payment Data
Update Recieved |
|
28/04/2015 |
New Accounts
Filed |
|
28/04/2015 |
New Accounts
Filed |
|
17/12/2014 |
Annual Returns |
|
28/04/2014 |
New Accounts
Filed |
|
12/02/2014 |
Change in
Reg.Office |
|
12/02/2014 |
Change of
Company Postcode |
|
08/01/2014 |
Annual Returns |
|
13/04/2013 |
New Accounts
Filed |
|
13/04/2013 |
New Accounts
Filed |
|
15/12/2012 |
Annual Returns |
|
07/08/2012 |
New Accounts
Filed |
|
07/08/2012 |
New Accounts
Filed |
|
13/06/2012 |
New Board Member
Mr K. Aqrabawi appointed |
|
07/12/2011 |
Annual Returns |
Previous Company Names
|
Date |
Previous Name |
|
22/09/1997 |
K. M. PRODUCTS
EUROPE LIMITED |
Writ Details
|
No writs found |
Statistics
|
Group |
4 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
KMP HOLDINGS
LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding
Company |
INTERNATIONAL
HOLDINGS & INVESTMENTS SA |
Group Structure Full
|
Company Name |
Registered Number |
Latest Key
Financials |
Consol. Accounts |
Turnover |
|
|
|
|
N/A |
- |
- |
|
|
|
|
05532942 |
31.12.2014 |
Y |
£14,244,452 |
|
|
|
02768670 |
31.12.2014 |
N |
£12,090,748 |
|
|
|
05523981 |
31.12.2014 |
N |
Mortgage Details
|
Mortgage Type: |
|||
|
Date Charge
Created: |
18/07/14 |
||
|
Date Charge
Registered: |
22/07/14 |
||
|
Date Charge
Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BANK LEUMI (UK)
PLC; |
||
|
Amount Secured: |
|||
|
Details: |
LAND K/A UNIT C
THE FORUM CHERTSEYCONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE
COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINSNEGATIVE
PLEDGE. |
||
|
Mortgage Type: |
DEED OF CHARGE
OVER CREDIT BALANCES |
||
|
Date Charge
Created: |
21/04/05 |
||
|
Date Charge
Registered: |
04/05/05 |
||
|
Date Charge
Satisfied: |
04/07/07 |
||
|
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: |
BARCLAYS BANK PLC
RE KM PRODUCTS EUROPELIMITED, US DOLLAR DEPOSIT ACCOUNT, ACCOUNT NUMBER
55452000 THE CHARGE CREATES A FIXED CHARGE OVERALL THE DEPOSIT(S) REFERRED TO
IN THE SCHEDULE TO THE FORM 395(INCLUDING ALL OR ANY PART OF THE MONEY
PAYABLE PURSUANTTO SUCH DEPOSIT(S) AND 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 AND TO GIVE EFFECTTO THE
SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S)
AND INTEREST THEREON |
||
|
Mortgage Type: |
FIRST PARTY
CHARGE OVER CREDIT BALANCES |
||
|
Date Charge
Created: |
21/09/00 |
||
|
Date Charge
Registered: |
23/09/00 |
||
|
Date Charge
Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BANK LEUMI (UK)
PLC |
||
|
Amount Secured: |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIRST FIXED
CHARGE ALL MONIES FROM TIMETO TIME HELD TO THE CREDIT OF THE MORTGAGOR BY THE
BANK ON ANY CURRENT DEPOSIT OR OTHER ACCOUNT OR ACCOUNTS WHICH THE MORTGAGOR
MAY NOW OR HEREAFTER HAVE WITH THE BANK OR UNDER ANY DEPOSIT RECEIPT SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
11/12/95 |
||
|
Date Charge
Registered: |
13/12/95 |
||
|
Date Charge
Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BANK LEUMI
(U.K.) PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR
TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H PREMISES K/A
UNIT B, THE FORUM, HANWORTH LANE, CHERTSEY, SURREY AND THE PROCEEDS OF SALE
THEREOFSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
31/03/93 |
||
|
Date Charge
Registered: |
15/04/93 |
||
|
Date Charge
Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BANK LEUMI (UK)
PLC |
||
|
Amount Secured: |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
A CHARGE BY WAY
OF LEGAL MORTGAGE OVER UNIT D THE FORUM HANWORTH LANE CHERTSEY SURREY AND ALL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY AND/OR THE PROCEEDS OF SALE
THEREOF A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD
PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATINGCHARGES OVER
UNDERTAKING AND ALLPROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL
BOOKDEBTSAND THE BENEFITS OF ANY LICENCES SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge
Created: |
31/03/93 |
||
|
Date Charge
Registered: |
15/04/93 |
||
|
Date Charge
Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BANK LEUMI (UK)
PLC |
||
|
Amount Secured: |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H PROPERTY K/AS
UNIT D THE FORUM,HANWORTH LANE,CHERTSEY,SURREY FLOATING CHARGE OVER ALL
MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT |
||
|
Mortgage Type: |
MEMORANDUM OF
DEPOSIT |
||
|
Date Charge
Created: |
31/03/93 |
||
|
Date Charge Registered: |
15/04/93 |
||
|
Date Charge
Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BANK LEUMI (UK)
PLC |
||
|
Amount Secured: |
ALL MONIES DUE
OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
THE PROPERTY OF
THE COMPANY COMPRISED IN THE DEEDS POLICIES SECURITIES CERTIFICATES AND/OR
OTHER DOCUMENTS NOW OR FROM TIME TO TIME DEPOSITED WITH THE BANK |
||
Creditor Details
|
Total Number |
Total Value |
|
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
||
Trade Debtors / Bad Debt Detail
|
Total Number of
Documented Trade |
Total Value of
Documented Trade |
||
|
Trade Debtors |
1 |
£2,964 |
|
|
Company Name |
Amount |
Statement Date |
|
|
Park Diesel
Services Ltd |
£2,964 |
21/01/2014 |
|
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Ettore Raffaelli |
2 |
2 |
|
Dennis Gordon
Lax |
4 |
6 |
|
Dennis Gordon
Lax |
4 |
6 |
|
Andrea Bonomi |
0 |
1 |
|
Chin Lin Chen |
0 |
1 |
|
Mahendra Rathor |
0 |
4 |
|
Fritz
Oppenheimer |
3 |
2 |
|
Thim Leong Toh |
0 |
2 |
|
Tony David Lax |
5 |
3 |
|
Farida Farooqi |
4 |
8 |
|
L & A
REGISTRARS LIMITED |
1318 |
19224 |
|
L & A
SECRETARIAL LIMITED |
1320 |
19232 |
|
Average Invoice
Value |
Ł347.01 |
|
|
Invoices
available |
612 |
|
|
Paid |
608 |
|
|
Outstanding |
4 |
|
|
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 |
20 |
301 |
213 |
36 |
38 |
|
Outstanding |
0 |
4 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.39 |
|
UK Pound |
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
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.