MIRA INFORM REPORT

Report No. :	491620
Report Date :	14.02.2018

IDENTIFICATION DETAILS

Name :	BF ENTRON LIMITED

Formerly Known As :	TCHS LIMITED

Registered Office :	Building 80 Bay 1 First Avenue Pensnett Trading Es Kingswinford DY6 7FQ

Country :	United Kingdom

Financials (as on) :	31.12.2016

Date of Incorporation :	25.04.2005

Com. Reg. No.:	05434301

Legal Form :	Private limited with Share Capital

Line of Business :	Manufacture of electronic industrial process control equipment

No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate

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

(30.06.2017)

Current Rating

(30.09.2017)

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

BF ENTRON LIMITED

BUILDING 80 BAY 1 FIRST AVENUE PENSNETT TRADING ES KINGSWINFORD DY6 7FQ

Company No.

05434301

Company Status

Active - Accounts Filed

Company Summary

Registered Address BUILDING 80 BAY 1
FIRST AVENUE PENSNETT TRADING ES
KINGSWINFORD
DY6 7FQ

Trading Address Building 80 Bay 1
First Avenue Pensnett Trading Es
Kingswinford
West Midlands DY6 7FQ
DY6 7FQ

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

Telephone Number 01384455401

Fax Number

TPS No

FPS Yes

Incorporation Date 25/04/2005

Previous Name TCHS LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 09/05/2005

Filing Date of Accounts 30/09/2017

Currency GBP

Share Capital £100

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 TUFF CONTROLS HOLDINGS LLC

Accountant -

Mortgages 0

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 - - £41,754 -

31/12/2015 - - -£453,514 -

31/12/2014 - - -£538,278 -

Mortgage Summary

Total Mortgage 0

Outstanding 0

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.

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

The Board of Directors have reduced in size over the last six months.

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	0
Total Previous Directors / Company Secretaries	3	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Kelby Martin Henn	Nationality	South African
Date of Birth	07/1960	Present Appointments	2
Latest Address	Building 80 Bay 1, First Avenue Pensnett Trading Estate, Kingswinford, West Midlands	Appointment Date	14/04/2017
Post Code	DY6 7FQ
Title	Mr	Function	Director
Name	Priyesh Kantilal Dodhia	Nationality	American
Date of Birth	10/1962	Present Appointments	1
Latest Address	Building 80 Bay 1, First Avenue Pensnett Trading Estate, Kingswinford, West Midlands	Appointment Date	10/05/2017
Post Code	DY6 7FQ

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
TUFF CONTROLS HOLDINGS LLC	GBP	1	ORDINARY	100	100

Profit & Loss

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Depreciation	£15,140	3.7%	£14,600	12.2%	£13,018	321.7%	£3,087	24.5%	£2,479
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Tangible Assets	£89,059	-8.7%	£97,550	0.5%	£97,051	-0.8%	£97,856	662.1%	£12,840
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Total Fixed Assets	£89,059	-8.7%	£97,550	0.5%	£97,051	-0.8%	£97,856	662.1%	£12,840
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Stock	£535,460	20%	£446,100	18%	£378,194	36.3%	£277,414	-3.1%	£286,248
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Trade Debtors	£395,350	45.8%	£271,123	-27.9%	£375,801	35.4%	£277,590	0.9%	£274,999
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Cash	£156,477	92.2%	£81,400	350.2%	£18,082	-58.6%	£43,643	-38%	£70,375
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Total Current Assets	£1,087,287	36.1%	£798,623	3.4%	£772,077	29%	£598,647	-5.2%	£631,622
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Trade Creditors	£239,777	14.6%	£209,286	-32.3%	£309,114	11%	£278,519	27.5%	£218,525
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Total Current Liabilities	£239,777	14.6%	£209,286	-32.3%	£309,114	11%	£278,519	27.5%	£218,525
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£894,815	-21.5%	£1,140,401	3.8%	£1,098,292	5.1%	£1,045,113	15%	£908,538
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Other Long Term Finance	£894,815	-21.5%	£1,140,401	-	0	-	0	-	0
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£894,815	-21.5%	£1,140,401	3.8%	£1,098,292	5.1%	£1,045,113	15%	£908,538

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	P & L Account Reserve	£41,654	109.2%	-£453,614	15.7%	-£538,378	14.2%	-£627,229	-29.9%	-£482,701
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Shareholder Funds	£41,754	109.2%	-£453,514	15.7%	-£538,278	14.2%	-£627,129	-29.9%	-£482,601

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Net Worth	£41,754	109.2%	-£453,514	15.7%	-£538,278	14.2%	-£627,129	-29.9%	-£482,601
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Working Capital	£847,510	43.8%	£589,337	27.3%	£462,963	44.6%	£320,128	-22.5%	£413,097
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Total Assets	£1,176,346	31.3%	£896,173	3.1%	£869,128	24.8%	£696,503	8.1%	£644,462
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Total Liabilities	£1,134,592	-15.9%	£1,349,687	-4.1%	£1,407,406	6.3%	£1,323,632	17.4%	£1,127,063
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Net Assets	£41,754	109.2%	-£453,514	15.7%	-£538,278	14.2%	-£627,129	-29.9%	-£482,601

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Capital Employed	£936,569	36.3%	£686,887	22.7%	£560,014	34%	£417,984	-1.9%	£425,937
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Current ratio	4.53	3.82	2.50	2.15	2.89
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Gearing %	2143.10	-251.50	-204	-166.70	-188.30
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Equity in %	3.50	-50.60	-61.90	-90	-74.90
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	2.30	1.68	1.27	1.15	1.58
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Current Debt Ratio	5.74	-0.46	-0.57	-0.44	-0.45
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Total Debt Ratio	27.17	-2.97	-2.61	-2.11	-2.33
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: D:\BF ENTRON LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
22/11/2017	Payment Data Update Received
08/11/2017	Payment Data Update Received
07/11/2017	Payment Data Update Received
14/10/2017	New Accounts Filed
14/10/2017	New Accounts Filed
11/10/2017	Payment Data Update Received
30/08/2017	Mr M. Simmons has left the board
16/08/2017	Payment Data Update Received
26/07/2017	Payment Data Update Received
16/05/2017	New Board Member Mr P.K. Dodhia appointed
04/05/2017	Confirmation Statement
27/04/2017	Mr J.D. Stanway has left the board
27/04/2017	Mr J.D. Stanway has resigned as company secretary
27/04/2017	New Board Member Mr K.M. Henn appointed
11/01/2017	Payment Data Update Received

Previous Company Names

Date	Previous Name
09/05/2005	TCHS LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	TUFF CONTROLS HOLDINGS LLC

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: D:\BF ENTRON LIMITED_files\tminus.gif$ TUFF CONTROLS HOLDINGS LLC	N/A	-	-
$Description: D:\BF ENTRON LIMITED_files\L.gif$ BF ENTRON LIMITED	05434301	31.12.2016	N

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
John Desmond Stanway	0		2	3
John Desmond Stanway	0		2	3
Michael Simmons	0		1	0
Total Persons With Significant Control		1	Total Statements		0
Active		1	Active		0
Ceased		0	Ceased		0

Active Persons With Significant Control

Name	Mr Michael Simmons	Kind	Individual Person With Significant Control
Address	Building 80 Bay 1, First Avenue Pensnett Trading Estate, Kingswinford, West Midlands	Country Of Residence	Usa
Post Code	DY6 7FQ	Nationality	American
Date of Birth	01/1958	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 25 To 50 Percent,Significant Influence Or Control As Firm

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 64.28
UK Pound	1	INR 89.02
Euro	1	INR 78.89
GBP	1	INR 88.87

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

INFORMATION DETAILS

Analysis Done by :	DIV

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.