MIRA INFORM REPORT

Report No. :	505636
Report Date :	28.04.2018

IDENTIFICATION DETAILS

Name :	HANSFORD SENSORS LIMITED

Registered Office :	PO Box 1295 20 Station Road Gerrards Cross SL9 8EL

Country :	United Kingdom

Financials (as on) :	31.03.2017

Date of Incorporation :	11.10.2006

Com. Reg. No.:	05964260

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of Electronic Industrial Process Control Equipment

No. of Employees :	41 (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
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory

Payment Behaviour :	Slow but Correct

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

HANSFORD SENSORS LIMITED

PO BOX 1295 20 STATION ROAD GERRARDS CROSS SL9 8EL

Company No.

05964260

Company Status

Active - Accounts Filed

Company Summary

Registered Address PO BOX 1295
20 STATION ROAD
GERRARDS CROSS
SL9 8EL

Trading Address Artisan
Hillbottom Road
Sands Industrial Estate
High Wycombe, Buckinghamshire
HP12 4HJ

Website Address http://www.hansfordsensors.com

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 11/10/2006

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 11/07/2017

Currency GBP

Share Capital £1,000

SIC07 26512

Charity Number -

SIC07 Description MANUFACTURE OF ELECTRONIC INDUSTRIAL PROCESS CONTROL EQUIPMENT

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant NUNN HAYWARD LLP

Mortgages 1

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/03/2017 - - £824,094 41

31/03/2016 - - £661,164 34

31/03/2015 - - £477,640 -

Mortgage Summary

Total Mortgage 1

Outstanding 1

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

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 -	-

Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Christopher Mark Hansford	Nationality	British
Date of Birth	10/1961	Present Appointments	1
Latest Address	Oak View, Seer Mead, Seer Green, Beaconsfield, Buckinghamshire	Appointment Date	11/10/2006
Post Code	HP9 2QL
Title	Mr	Function	Director
Name	Simon Barber	Nationality	British
Date of Birth	08/1967	Present Appointments	1
Latest Address	10 Ralphs Retreat, Hazlemere, High Wycombe, Buckinghamshire	Appointment Date	07/12/2007
Post Code	HP15 7DU

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Simon Barber	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	10 Ralphs Retreat, Hazlemere, High Wycombe, Buckinghamshire	Appointment Date	10/10/2013
Post Code	HP15 7DU

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
CHRISTOPHER MARK HANSFORD	GBP	900	ORDINARY A	1	90
SIMON BARBER	GBP	100	ORDINARY B	1	10

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	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Depreciation	£37,470	9.6%	£34,177	-15.1%	£40,270	-11%	£45,260	5.8%	£42,769
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Tangible Assets	£226,598	35.1%	£167,758	-7%	£180,400	10.3%	£163,569	16.7%	£140,212
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Total Fixed Assets	£226,598	35.1%	£167,758	-7%	£180,400	10.3%	£163,569	16.7%	£140,212
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Stock	£273,326	9.8%	£249,022	26.1%	£197,436	18.3%	£166,964	20.6%	£138,437
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Trade Debtors	£662,559	-4.6%	£694,392	-7.9%	£753,673	45.3%	£518,586	-15.3%	£612,478
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Cash	£337,724	275.7%	£89,895	102.2%	£44,452	-77.1%	£194,226	90.6%	£101,901
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Other Debtors	£568,755	77.5%	£320,396	-	0	-	0	-	0
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Total Current Assets	£1,842,364	36.1%	£1,353,705	36%	£995,561	13.2%	£879,776	3.2%	£852,816
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Trade Creditors	£516,096	7.2%	£481,489	-22.1%	£617,789	9.5%	£564,219	2.8%	£548,848
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Other Short Term Finance	£33,684	84.7%	£18,242	-	0	-	0	-	0
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	£572,750	96.2%	£291,980	-	0	-	0	-	0
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Total Current Liabilities	£1,122,530	41.8%	£791,711	28.2%	£617,789	9.5%	£564,219	2.8%	£548,848
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£122,338	78.4%	£68,588	-14.8%	£80,532	38.3%	£58,225	47.5%	£39,480
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Other Long Term Finance	£122,338	78.4%	£68,588	-	0	-	0	-	0
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Total Long Term Liabilities	£122,338	78.4%	£68,588	-14.8%	£80,532	38.3%	£58,225	47.5%	£39,480

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Called Up Share Capital	£1,000	-	£1,000	-	£1,000	-	£1,000	-	£1,000
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	P & L Account Reserve	£823,094	24.7%	£660,164	38.5%	£476,640	13.5%	£419,901	4%	£403,700
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Shareholder Funds	£824,094	24.6%	£661,164	38.4%	£477,640	13.5%	£420,901	4%	£404,700

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Net Worth	£824,094	24.6%	£661,164	38.4%	£477,640	13.5%	£420,901	4%	£404,700
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Working Capital	£719,834	28.1%	£561,994	48.8%	£377,772	19.7%	£315,557	3.8%	£303,968
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Total Assets	£2,068,962	36%	£1,521,463	29.4%	£1,175,961	12.7%	£1,043,345	5.1%	£993,028
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Total Liabilities	£1,244,868	44.7%	£860,299	23.2%	£698,321	12.2%	£622,444	5.8%	£588,328
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Net Assets	£824,094	24.6%	£661,164	38.4%	£477,640	13.5%	£420,901	4%	£404,700

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	YES	-	YES	-	NO	-	NO	-	NO
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Capital Employed	£946,432	29.7%	£729,752	30.7%	£558,172	16.5%	£479,126	7.9%	£444,180
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Number of Employees	41	20.6%	34	-	-	-	-	-	-
	Accountants	NUNN HAYWARD LLP
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Current ratio	1.64	1.71	1.61	1.56	1.55
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Gearing %	14.80	10.40	16.90	13.80	9.80
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Equity in %	39.80	43.50	40.60	40.30	40.80
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Liquidity/Acid Test	1.39	1.39	1.29	1.26	1.30
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Current Debt Ratio	1.36	1.19	1.29	1.34	1.35
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Total Debt Ratio	1.51	1.30	1.46	1.47	1.45
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\E\2\HANSFORD SENSORS LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
30/01/2018	Payment Data Update Received
02/01/2018	Payment Data Update Received
17/10/2017	Confirmation Statement
15/07/2017	New Accounts Filed
15/07/2017	New Accounts Filed
19/10/2016	Annual Returns
12/08/2016	Payment Data Update Received
11/08/2016	New Accounts Filed
02/11/2015	Annual Returns
30/10/2015	Annual Returns
08/10/2015	New Accounts Filed
03/07/2015	Payment Data Update Received
17/10/2014	Annual Returns
16/07/2014	New Accounts Filed
18/10/2013	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	13/11/06
Date Charge Registered:	16/11/06
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC 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

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Suzanne Jane Pearl	0			1	1
NUNN HAYWARD ASSOCIATES LIMITED	1			8	42
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Mr Christopher Mark Hansford	Kind	Individual Person With Significant Control
Address	Oak View Seer Mead, Seer Green, Buckinghamshire	Country Of Residence	England
Post Code	HP9 2QL	Nationality	British
Date of Birth	10/1961	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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.78
UK Pound	1	INR 92.89
Euro	1	INR 80.74
GBP	1	INR 91.80

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

INFORMATION DETAILS

Analysis Done by :	PRA

Report Prepared by :	TRU

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.