MIRA INFORM REPORT

Report No. :	504768
Report Date :	20.04.2018

IDENTIFICATION DETAILS

Name :	R.K. PRINT-COAT INSTRUMENTS LIMITED

Formerly Known As :	R.K.CHEMICAL COMPANY LIMITED

Registered Office :	Abington Road Litlington Royston Sg8 0qz

Country :	United Kingdom

Financials (as on) :	30.04.2017

Date of Incorporation :	26.09.1963

Com. Reg. No.:	00775106

Legal Form :	Private limited with Share Capital

Line of Business :	· Subject is engaged in manufacture of electronic measuring, testing etc. equipment, not for industrial process control · Engineering of scientific and industrial instruments and systems

No. of Employees :	34

RATING & COMMENTS

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

MIRA’s Rating :

A+

Credit Rating	Explanation	Rating Comments
A+	Low Risk	Business dealings permissible with low 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 name and address

Company Name : R.K. PRINT-COAT INSTRUMENTS LIMITED

Company No : 00775106

Company Status : Active - Accounts Filed

Registered Address : ABINGTON ROADLITLINGTONROYSTONSG8 0QZ

Company Summary

Registered Address ABINGTON ROAD

LITLINGTON
ROYSTON
SG8 0QZ

Trading Address Abington Road
Litlington
Royston
Hertfordshire
SG8 0QZ

Website Address http://www.rkprint.com

Telephone Number 01763852187

Fax Number

TPS No

FPS Yes

Incorporation Date 26/09/1963

Previous Name R.K.CHEMICAL COMPANY LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 01/05/1990

Filing Date of Accounts 21/09/2017

Currency GBP

Share Capital £10,968

SIC07 26511

Charity Number -

SIC07 Description MANUFACTURE OF ELECTRONIC MEASURING, TESTING ETC. EQUIPMENT, NOT FOR INDUSTRIAL PROCESS CONTROL

Principal Activity Engineering of scientific and industrial instruments and systems.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant PARKER CAVENDISH

Mortgages 2

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

30/04/2017 - - £1,446,820 34

30/04/2016 - - £1,242,317 -

30/04/2015 - - £1,269,993 -

Mortgage Summary

Total Mortgage 2

Outstanding 2

Satisfied 0

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 Small company in respect of the rating/limit generated.

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

The latest Balance Sheet indicates a very positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Current Directors

Title	Mr	Function	Director
Name	Thomas Roman Kerchiss	Nationality	British
Date of Birth	07/1953	Present Appointments	1
Latest Address	29 Gibson Close, Saffron Walden, Essex	Appointment Date	15/12/1991
Post Code	CB10 1AJ
Title	Miss	Function	Director
Name	Jessica Louise Kerchiss	Nationality	British
Date of Birth	06/1986	Present Appointments	1
Latest Address	113 Newbridge Road, Bath	Appointment Date	01/09/2012
Post Code	BA1 3HG

Title	Miss	Function	Director
Name	Harriet Lucy Kerchiss	Nationality	British
Date of Birth	10/1987	Present Appointments	1
Latest Address	Flat 109 The Belvedere, Homerton Street, Cambridge	Appointment Date	01/09/2012
Post Code	CB2 0NU

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
THOMAS ROMAN KERCHISS	GBP	8,708	ORDINARY	1	79.39
HARRIET LUCY KERCHISS	GBP	1,130	ORDINARY	1	10.3
JESSICA LOUISE SAVORY	GBP	1,130	ORDINARY	1	10.3

Financial

Profit & Loss

Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£26,618	-32.8%	£39,633	-20.7%	£50,007	18.3%	£42,279	-7.6%	£45,751
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
Tangible Assets	£359,823	-4.1%	£375,367	2.3%	£366,888	-10.3%	£408,860	-43.5%	£723,610
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£359,823	-4.1%	£375,367	2.3%	£366,888	-10.3%	£408,860	-43.5%	£723,610
Stock	£552,875	-9.7%	£612,452	4.4%	£586,371	16.1%	£504,977	12.6%	£448,454
Trade Debtors	£511,678	74.2%	£293,766	-11.7%	£332,566	-23.5%	£434,691	22.8%	£353,996
Cash	£514,638	52.3%	£337,985	-21.4%	£429,739	18.3%	£363,358	-58.8%	£881,576
Other Debtors	£80,281	42.6%	£56,301	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,659,472	27.6%	£1,300,504	-3.6%	£1,348,676	3.5%	£1,303,026	-22.6%	£1,684,026
Trade Creditors	£116,438	20.9%	£96,323	-77.3%	£423,461	-9.7%	£468,832	-26.1%	£634,111
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	£4,479	-95.3%	£96,117	-	0	-	0	-	0
Miscellaneous Current Liabilities	£423,038	100.7%	£210,744	-	0	-	0	-	0
Total Current Liabilities	£543,955	34.9%	£403,184	-4.8%	£423,461	-9.7%	£468,832	-26.1%	£634,111
Bank Loans & Overdrafts and LTL	£28,520	-6.1%	£30,370	37.4%	£22,110	-1.5%	£22,453	345.5%	£5,040
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£28,520	-6.1%	£30,370	37.4%	£22,110	-1.5%	£22,453	345.5%	£5,040

Capital & Reserves

Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
Called Up Share Capital	£10,968	-	£10,968	-	£10,968	-	£10,968	-	£10,968
P & L Account Reserve	£1,126,140	22.2%	£921,637	-2.9%	£949,313	5.5%	£899,921	-37.8%	£1,447,805
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£309,712	-	£309,712	-	£309,712	-	£309,712	-	£309,712
Shareholder Funds	£1,446,820	16.5%	£1,242,317	-2.2%	£1,269,993	4%	£1,220,601	-31%	£1,768,485

Other Financial Items

Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
Net Worth	£1,446,820	16.5%	£1,242,317	-2.2%	£1,269,993	4%	£1,220,601	-31%	£1,768,485
Working Capital	£1,115,517	24.3%	£897,320	-3%	£925,215	10.9%	£834,194	-20.5%	£1,049,915
Total Assets	£2,019,295	20.5%	£1,675,871	-2.3%	£1,715,564	0.2%	£1,711,886	-28.9%	£2,407,636
Total Liabilities	£572,475	32%	£433,554	-2.7%	£445,571	-9.3%	£491,285	-23.1%	£639,151
Net Assets	£1,446,820	16.5%	£1,242,317	-2.2%	£1,269,993	4%	£1,220,601	-31%	£1,768,485

Cash Flow

Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£1,475,340	15.9%	£1,272,687	-1.5%	£1,292,103	3.9%	£1,243,054	-29.9%	£1,773,525
Number of Employees	34	-	-	-	-	-	-	-	-
Accountants	PARKER CAVENDISH
Auditors
Auditor Comments	The company is exempt from audit
Bankers	LLOYDS TSB BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	30/04/17	30/04/16	30/04/15	30/04/14	30/04/13
Pre-tax profit margin %	-	-	-	-	-
Current ratio	3.05	3.23	3.18	2.78	2.66
Sales/Net Working Capital	-	-	-	-	-
Gearing %	2	2.40	1.70	1.80	0.30
Equity in %	71.60	74.10	74	71.30	73.50
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	2.03	1.70	1.80	1.70	1.94
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	0.37	0.32	0.33	0.38	0.35
Total Debt Ratio	0.39	0.34	0.35	0.40	0.36
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
23/12/2017	Confirmation Statement
26/09/2017	New Accounts Filed
26/09/2017	New Accounts Filed
24/01/2017	Annual Returns
16/08/2016	New Accounts Filed
23/12/2015	Annual Returns
01/08/2015	New Accounts Filed
11/01/2015	Annual Returns
12/12/2014	New Accounts Filed
10/01/2014	New Accounts Filed
10/01/2014	New Accounts Filed
23/12/2013	Annual Returns
12/03/2013	Annual Returns
01/03/2013	Annual Returns
04/02/2013	New Accounts Filed

Previous Company Names

Date	Previous Name
01/05/1990	R.K.CHEMICAL COMPANY LIMITED

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group StructureFull

No Group Structure

Mortgage Details

Mortgage Type:
Date Charge Created:	07/04/17
Date Charge Registered:	19/04/17
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC;
Amount Secured:
Details:	NONECONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	31/08/90
Date Charge Registered:	13/09/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK PLC;
Amount Secured:
Details:	THE OLD SCHOOL SITE LITLINGTON, NEAR ROYSTON HERTS.ASSIGNS THE GOODWILL OF THE BUSINESS (IF ANY)FLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITUREAND EQUIPMENT

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Anne Kerchiss	0			2	2
Anne Kerchiss	0			2	2
Deborah Mary Kerchiss	0			2	2
Deborah Mary Kerchiss	0			2	2
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Thomas Roman Kerchiss	Kind	Individual Person With Significant Control
Address	29 Gibson Close Saffron Walden, Cambridge, Cambs.	Country Of Residence	United Kingdom
Post Code	CB10 1AJ	Nationality	British
Date of Birth	07/1953	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent,Right To Appoint And Remove Directors

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display
Average Invoice Value	£270.44
Invoices available	44
Paid	41
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	31	8	1	1	0
Outstanding	2	1	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.78
UK Pound	1	INR 93.41
Euro	1	INR 81.38
GBP	1	INR 92.99

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

INFORMATION DETAILS

Analysis Done by :	VIV

Report Prepared by :	DNS

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)

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.