3decades

MIRA INFORM REPORT

Report No. :	503233
Report Date :	11.04.2018

IDENTIFICATION DETAILS

Name :	RELIANCE PRECISION LIMITED

Formerly Known As :	RELIANCE GEAR COMPANY LIMITED

Registered Office :	Rowley Mills, Penistone Road, Lepton, HD8 0LE

Country :	United Kingdom

Financials (as on) :	31.03.2017

Date of Incorporation :	23.11.1920

Com. Reg. No.:	00171578

Legal Form :	Private Limited with Share Capital

Line of Business :	· Machining · A group engaged in the design, development, manufacture and distribution of high performance electro mechanical sub systems and specialist mechatronic components.

No. of Employees :	225 [2017]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

Status :	Good

Payment Behaviour :	Regular

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company Summary

Registered Address

Rowley Mills
Penistone Road
Lepton
HD8 0LE

Trading Address

Rowley Mills
Penistone Road
Fenay Bridge
Huddersfield, West Yorkshire
HD8 0LE

Website Address http://www.reliance.co.uk

Company Number 00171578

Telephone Number 01484601000

Fax Number -

TPS No

FPS Yes

Incorporation Date 23/11/1920

Previous Name RELIANCE GEAR COMPANY LIMITED

Type Private Limited with Share Capital

FTSE Index -

Date of Change 23/03/2005

Filing Date of Accounts 08/08/2017

Currency GBP

Share Capital £737,374

SIC07 25620

Charity Number -

SIC07 Description Machining

Principal Activity A group engaged in the design, development, manufacture and distribution of

high performance electro mechanical sub systems and specialist mechatronic components.

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company RELIANCE RG LIMITED

Accountant -

Mortgages 6

Trade Debtors -

Group 8 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31.03.2017	£21,584,482	£2,385,087	£15,941,217	225
31.03.2016	£21,584,482	£1,817,457	£15,417,711	228
31.03.2015	£21,584,482	£1,217,142	£14,149,251	234

Mortgage summary

Total Mortgage 6

Outstanding 0

Satisfied 6

Trade debtors / bad debt summary

Total Number of Documented Trade 1

Total Value of Documented Trade £2,417

Commentary

This company has been treated as a Medium company.

This company's ratio of total liabilities to total assets indicates the presence of strong equity funding.

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

This company has only made late payments on a low percentage of invoices.

The company has more cash than short term bank borrowings.

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	0
Total Previous Directors / Company Secretaries	13	Total Person's With Significant Control	2

Current Directors

Title	Mr	Function	Director
Name	James David Selka	Nationality	British
Date of Birth	01/1966	Present Appointments	4
Latest Address	Rowley Mills, Penistone Road, Lepton, Huddersfield	Appointment Date	27/06/2017
Post Code	HD8 0LE
Title	Mr	Function	Director
Name	Ian David Walter	Nationality	British
Date of Birth	07/1972	Present Appointments	5
Latest Address	Rowley Mills, Penistone Road, Lepton, Huddersfield	Appointment Date	04/02/2008
Post Code	HD8 0LE

Title	Mr	Function	Director
Name	Mark Harry Papworth	Nationality	British
Date of Birth	01/1965	Present Appointments	3
Latest Address	Rowley Mills, Penistone Road, Lepton, Huddersfield	Appointment Date	01/01/2017
Post Code	HD8 0LE
Title	Dr	Function	Director
Name	Ian Laidler	Nationality	British
Date of Birth	02/1960	Present Appointments	1
Latest Address	Rowley Mills, Penistone Road, Lepton, Huddersfield	Appointment Date	27/09/2010
Post Code	HD8 0LE

Title	Mr	Function	Director
Name	Andrew Edward Blayney Wright	Nationality	British
Date of Birth	04/1963	Present Appointments	1
Latest Address	Rowley Mills, Penistone Road, Lepton, Huddersfield	Appointment Date	07/01/2013
Post Code	HD8 0LE
Title	Mr	Function	Director
Name	Daniel John William Pedley	Nationality	British
Date of Birth	07/1966	Present Appointments	1
Latest Address	Rowley Mills, Penistone Road, Lepton, Huddersfield	Appointment Date	01/01/2017
Post Code	HD8 0LE

Title	Mrs	Function	Director
Name	Charlotte Mary Brandes	Nationality	British
Date of Birth	05/1972	Present Appointments	1
Latest Address	Rowley Mills, Penistone Road, Lepton, Huddersfield	Appointment Date	01/04/2018
Post Code	HD8 0LE

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SOLOMON MAXIMILIAN SELKA	GBP	543,695	CUMULATIVE PREFERENCE	1	73.73
RELIANCE RG LTD	GBP	170,129	ORDINARY A	1	23.07
RELIANCE RG LTD	GBP	23,550	ORDINARY	1	3.19

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Turnover	£21,584,482	7.1%	£20,145,620	0.1%	£20,133,261	-3.6%	£20,875,949	-0.8%	£21,045,323
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Export	-	-	-	-	-	-	£9,426,614	20.8%	£7,806,609
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Cost of Sales	£15,965,167	8.8%	£14,678,187	1.2%	£14,503,472	1.3%	£14,314,574	0.1%	£14,296,712
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Gross Profit	£5,619,315	2.8%	£5,467,433	-2.9%	£5,629,789	-14.2%	£6,561,375	-2.8%	£6,748,611
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Wages & Salaries	£8,338,350	4.3%	£7,991,663	-2.7%	£8,213,288	0%	£8,211,848	3.4%	£7,942,355
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Directors Emoluments	£432,821	-1.5%	£439,300	-4.5%	£460,176	-18.2%	£562,687	4.1%	£540,622
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Operating Profit	£1,789,849	4.8%	£1,707,105	40%	£1,219,421	-48.4%	£2,362,533	-13.7%	£2,736,523
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Depreciation	£1,236,466	4.2%	£1,186,913	20.5%	£984,685	9%	£903,609	0.2%	£901,838
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Audit Fees	£16,320	2%	£16,000	-15.8%	£19,005	3.6%	£18,350	2.4%	£17,920
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Interest Payments	£32,622	-	£32,622	-10.9%	£36,622	-51.2%	£75,026	55.2%	£48,338
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Pre Tax Profit	£2,385,087	31.2%	£1,817,457	49.3%	£1,217,142	-47.8%	£2,333,481	-14.1%	£2,717,923
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Taxation	-£183,275	-583.5%	£37,909	201.2%	-£37,453	88.2%	-£318,132	4.5%	-£332,982
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Profit After Tax	£2,201,812	18.7%	£1,855,366	57.3%	£1,179,689	-41.5%	£2,015,349	-15.5%	£2,384,941
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Dividends Payable	£1,383,255	76.3%	£784,400	-21.5%	£999,383	77.9%	£561,699	16%	£484,198
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Retained Profit	£818,557	-23.6%	£1,070,966	494%	£180,306	-87.6%	£1,453,650	-23.5%	£1,900,743

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Tangible Assets	£6,777,789	-9.8%	£7,515,099	15.2%	£6,524,873	-1.7%	£6,638,178	2.2%	£6,496,597
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Total Fixed Assets	£6,777,789	-9.8%	£7,515,099	15.2%	£6,524,873	-1.7%	£6,638,178	2.2%	£6,496,597
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Stock	£4,012,240	8.8%	£3,687,554	8.3%	£3,404,930	14.5%	£2,974,640	-9.7%	£3,293,673
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Trade Debtors	£3,242,699	44.6%	£2,242,677	-16.5%	£2,686,392	3.7%	£2,589,483	-23.1%	£3,365,869
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Cash	£4,448,252	3.3%	£4,307,838	14.5%	£3,763,231	-21%	£4,763,075	17%	£4,071,877
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Other Debtors	£945,467	37.3%	£688,798	-13.6%	£797,124	32.2%	£603,042	67.4%	£360,201
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Total Current Assets	£12,648,658	15.8%	£10,926,867	2.6%	£10,651,677	-2.5%	£10,930,240	-1.5%	£11,091,620
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Trade Creditors	£1,161,748	10.5%	£1,051,765	-9.7%	£1,165,309	11.1%	£1,048,493	-18.9%	£1,292,554
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Other Short Term Finance	0	-100%	£5,338	-52.9%	£11,345	429.6%	£2,142	-99.5%	£414,948
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Miscellaneous Current Liabilities	£1,545,042	35%	£1,144,858	7.2%	£1,067,550	-13.7%	£1,237,698	-14.7%	£1,450,742
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Total Current Liabilities	£2,706,790	22.9%	£2,201,961	-1.9%	£2,244,204	-1.9%	£2,288,333	-27.5%	£3,158,244
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£778,440	-5.3%	£822,294	5%	£783,095	-1.7%	£796,660	-39.4%	£1,315,602
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Other Long Term Finance	£543,695	-	£543,695	-	£543,695	-	£543,695	-56.5%	£1,249,460
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Total Long Term Liabilities	£778,440	-5.3%	£822,294	5%	£783,095	-1.7%	£796,660	-39.4%	£1,315,602

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Called Up Share Capital	£193,679	-46.7%	£363,292	-	£363,292	-	£363,292	-	£363,292
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	P & L Account Reserve	£16,087,247	-1.2%	£16,286,813	8.5%	£15,017,504	-0.8%	£15,145,384	10.1%	£13,761,584
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Revaluation Reserve	£10,885	-97.9%	£514,743	-0.6%	£517,868	-28.5%	£724,162	-2%	£738,908
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Sundry Reserves	-£350,594	79.9%	-£1,747,137	0.1%	-£1,749,413	-	-£1,749,413	-	-£1,749,413
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Shareholder Funds	£15,941,217	3.4%	£15,417,711	9%	£14,149,251	-2.3%	£14,483,425	10.4%	£13,114,371

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Net Worth	£15,941,217	3.4%	£15,417,711	9%	£14,149,251	-2.3%	£14,483,425	10.4%	£13,114,371
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Working Capital	£9,941,868	13.9%	£8,724,906	3.8%	£8,407,473	-2.7%	£8,641,907	8.9%	£7,933,376
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Total Assets	£19,426,447	5.3%	£18,441,966	7.4%	£17,176,550	-2.2%	£17,568,418	-0.1%	£17,588,217
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Total Liabilities	£3,485,230	15.2%	£3,024,255	-0.1%	£3,027,299	-1.9%	£3,084,993	-31%	£4,473,846
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Net Assets	£15,941,217	3.4%	£15,417,711	9%	£14,149,251	-2.3%	£14,483,425	10.4%	£13,114,371

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Net Cashflow from Operations	£1,609,723	-46.7%	£3,019,726	120.1%	£1,371,968	-62.2%	£3,631,656	25.3%	£2,899,220
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Net Cashflow before Financing	£108,545	-79.5%	£528,500	160.9%	-£867,428	-145.6%	£1,900,494	60.8%	£1,181,615
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Net Cashflow from Financing	-£32,622	-	-£32,622	-	-£32,622	97.3%	-£1,191,739	-486.6%	-£203,164
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Increase in Cash	£75,923	-84.7%	£495,878	155.1%	-£900,050	-227%	£708,755	-27.6%	£978,451

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Capital Employed	£16,719,657	3%	£16,240,005	8.8%	£14,932,346	-2.3%	£15,280,085	5.9%	£14,429,973
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Number of Employees	225	-1.3%	228	-2.6%	234	-1.3%	237	2.6%	231
	Accountants
	Auditors	BROWN BUTLER
	Auditor Comments	The audit report contains no adverse comments
	Bankers	HSBC BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Pre-tax profit margin %	11.05	9.02	6.05	11.18	12.91
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Current ratio	4.67	4.96	4.75	4.78	3.51
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Sales/Net Working Capital	2.17	2.31	2.39	2.42	2.65
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Gearing %	4.90	5.30	5.50	5.50	10
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Equity in %	82.10	83.60	82.40	82.40	74.60
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Creditor Days	19.59	19	21.06	18.28	22.35
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Debtor Days	54.68	40.52	48.56	45.15	58.21
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Liquidity/Acid Test	3.19	3.28	3.22	3.47	2.46
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Return On Capital Employed %	14.26	11.19	8.15	15.27	18.83
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Return On Total Assets Employed %	12.27	9.85	7.08	13.28	15.45
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Current Debt Ratio	0.16	0.14	0.15	0.15	0.24
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Total Debt Ratio	0.21	0.19	0.21	0.21	0.34
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Stock Turnover Ratio %	18.58	18.30	16.91	14.24	15.65
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\barchart-grey.png$	Return on Net Assets Employed %	14.96	11.78	8.60	16.11	20.72

Report Notes

There are no notes to display.

Status History

No Status History found

*Event History

Date	Description
05/04/2018	Mr W.J. Selka has left the board
05/04/2018	New Board Member Mrs C.M. Brandes appointed
27/03/2018	Payment Data Update Received
18/08/2017	Payment Data Update Received
16/08/2017	New Accounts Filed
16/08/2017	New Accounts Filed
20/07/2017	Confirmation Statement
11/07/2017	Payment Data Update Received
30/06/2017	Mrs E.R. Goldsztajn has left the board
30/06/2017	New Board Member Mr J.D. Selka appointed
11/01/2017	Mr S.M. Selka has left the board
11/01/2017	New Board Member Mr D.J. Pedley appointed
11/01/2017	New Board Member Mr M.H. Papworth appointed
16/08/2016	New Accounts Filed
16/08/2016	New Accounts Filed

Previous Company Names

Date	Previous Name
23/03/2005	RELIANCE GEAR COMPANY LIMITED

Writ Details

No writs found

Statistics

Group	8 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	RELIANCE RG LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	RELIANCE RG LIMITED

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\tminus.gif$ RELIANCE RG LIMITED	07109964	31.03.2017	Y	£21,584,482
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\T.gif$ RELIANCE INSTRUMENTS L...	00558688	31.03.2017	N
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\T.gif$ RELIANCE INSTRUMENTATI...	05180033	31.03.2017	N
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\T.gif$ RELIANCE MECHATRONICS...	05224117	31.03.2017	N
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\T.gif$ RELIANCE GEAR COMPANY...	04975655	31.03.2017	N
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\tminus.gif$ RELIANCE PRECISION LIM...	00171578	31.03.2017	Y	£21,584,482
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\L.gif$ RELIANCE PRECISION M...	IE029061	31.03.2017	N
$Description: \\vivek-pc\123 Foreign Report Raw\Reliance Precision Limited_files\L.gif$ RELIANCE PRECISION ENG...	05289776	31.03.2017	N

Mortgage Details

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	23/03/09
Date Charge Registered:	12/08/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	L/H AND F/H ROWLEY MILLS PENISTONE ROADFENAY BRIDGE LEPTON HUDDERSFIELD KIRKLEES WEST YORKSHIRE T/NOS WYK131717 WYK131716 AND WYK633164 WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEGAL LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY
Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	08/12/00
Date Charge Registered:	12/08/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	THE PROPERTY KNOWN AS ROWLEY MILLS LEPTON KIRKBURTON HUDDERSFIELD TITLE NUMBERSWYK633164, WYK131717, WYK131716WITH THE BENEFIT OF ALL RIGHTS LICENCESGUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THEPROPERTY ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTERESTCREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	15/08/94
Date Charge Registered:	17/08/94
Date Charge Satisfied:	30/04/97
Status:	SATISFIED
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THESTERLING REVOLVING CREDIT FACILITY OFFERED BY THE BANK IN ITS LETTER DATED 10TH MAY 1994 AND ACCEPTED BY THE MORTGAGOR ON 8TH JUNE 1994 OR AS SUBSEQUENTLY RENEWED VARIED AMENDED OR SUBSTITUTED AND SUBSEQUENTLY ACCEPTED BY THE MORTGAGOR
Details:	L/H LAND AND BUILDINGS K/A ST HELEN\S MILL, ALMONDBURY, HUDDERSFIELD TOGETHER WITH ALL FIXTURES ANDFITTINGS NOW OR AT ANY TIME HEREAFTER ON THE PROPERTY. THE BENEFITS OF ALL RIGHTS LICENCES AND THE GOODWILL OF THE MORTGAGOR INRELATION TO THE BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	15/08/94
Date Charge Registered:	17/08/94
Date Charge Satisfied:	30/04/97
Status:	SATISFIED
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THESTERLING REVOLVING CREDIT FACILITY OFFERED BY THE BANK IN ITS LETTER DATED 10TH MAY 1994 AND ACCEPTED BY THE MORTGAGOR ON 8TH JUNE 1994 OR AS SUBSEQUENTLY RENEWED VARIED AMENDED OR SUBSTITUTED AND SUBSEQUENTLY ACCEPTED BY THE MORTGAGOR
Details:	F/H LAND LYING TO THE NORTH SIDE OF ST HELEN\S GATE, ALMONDBURY, HUDDERSFIELD TOGETHER WITH ALL FIXTURES AND FITTINGS NOW OR AT ANY TIME HEREAFTER ON THE PROPERTY. THE BENEFITS OF ALL RIGHTS LICENCESAND THE GOODWILL OF THE MORTGAGOR INRELATION TO THE BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY

Mortgage Type:	CHARGE
Date Charge Created:	15/01/71
Date Charge Registered:	27/01/71
Date Charge Satisfied:	27/01/71
Status:	SATISFIED
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FLOATING CHARGE IN UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL
Mortgage Type:
Date Charge Created:	03/01/66
Date Charge Registered:	20/01/66
Date Charge Satisfied:	28/10/92
Status:	SATISFIED
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE ETC
Details:	ST HELENS MILL, ALMOUDBURY HUDDERSFIELDYORK TOGETHER WITH ALL FIXTURES

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	£2,417
Company Name		Amount	Statement Date
Assaymetrics Limited		£2,417	06/08/2013

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Victor Horsley Robinson	0			2	4
Simon Rothery	0			1	1
Martin Richard Bousfield	0			7	3
Roger Ashley Kenworthy	0			8	2
Roger Ashley Kenworthy	0			8	2
Solomon Maximilian Selka	0			2	1
Niall Crowley	1			4	0
William John Selka	1			1	1
David Leonard Paterson Bone	0			5	1
Norman Lynaugh	0			5	7
Richard William Dennis	2			1	0
Emma Rose Goldsztajn	1			1	0
Charlotte Mary Brandes	6			1	0
Total Persons With Significant Control		2	Total Statements			0
Active		1	Active			0
Ceased		1	Ceased			0

Active Persons With Significant Control

Name	Reliance Rg Limited	Kind	Corporate Entity With Significant Control
Address	Rowley Mills Penistone Road, Fenay Bridge, Huddersfield	Notified On	06/04/2016
Post Code	HD8 0LE	Legal Form	Limited Company
Authority	Companies Act 2006	Place Registered	England & Wales Companies House
Country Registered	England	Registration Number	7109964
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Voting Rights 75 To 100 Percent,Right To Appoint And Remove Directors

Ceased Persons With Significant Control

Name	Mr Solomon Maximilian Selka (Estate Of)	Kind	Individual Person With Significant Control
Address	Rowley Mills, Penistone Road, Lepton, Huddersfield	Country Of Residence	United Kingdom
Post Code	HD8 0LE	Nationality	British
Date of Birth	08/1924	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 50% and 75%	Ceased On	20/03/2018

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.94
UK Pound	1	INR 91.75
Euro	1	INR 79.90
GBP	1	INR 92.51

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

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.