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MIRA INFORM REPORT
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Report No. : |
492566 |
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Report Date : |
19.02.2018 |
IDENTIFICATION DETAILS
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Name : |
BUHLER SORTEX LIMITED |
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Formerly Known As : |
BUHLER UK LIMITED |
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Registered Office : |
20
Atlantis Avenue, London, E16 2BF |
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Country : |
United Kingdom |
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Date of Incorporation : |
21.11.2016
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Com. Reg. No.: |
10488992 |
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Legal Form : |
Private
limited with Share Capital |
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Line of Business : |
Dormant Company |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
D |
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Credit Rating |
Explanation |
Rating Comments |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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Status : |
Dormant Company |
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Payment Behaviour : |
-- |
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Litigation : |
-- |
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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Company name and address
Company
Name: BUHLER SORTEX LIMITED
Company
No: 10488992
Company
Status: Company not trading
Registered
Address: 20 ATLANTIS
AVENUELONDONE16 2BF
Company Summary
Registered
Address 20 ATLANTIS AVENUE, LONDON,
E16 2BF
Trading
Address 20 Atlantis Avenue, London,
E16 2BF
Website
Address http://www.buhlergroup.com
Telephone
Number --
Fax
Number --
TPS
--
FPS
Yes
Incorporation
Date 21/11/2016
Previous
Name BUHLER UK LIMITED
Type
Private limited with
Share Capital
FTSE
Index --
Date
of Change 05/01/2017
Filing
Date of Accounts --
Currency
GBP
Share
Capital £1
SIC07
99999
Charity
Number --
SIC07
Description DORMANT COMPANY
Principal
Activity --
Additional Information
CCJ's
0 (£0)
No
CCJ Information To Display
Ultimate
Holding Company BUHLER HOLDING AG
Accountant
-
Mortgages
0
Group
10 companies
Linkages
18 companies
Countries
In 5 countries
Key Financials
No
Key Financials Information To Display
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
No
comments to display
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 - |
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|
Total
Number of Writs - |
- |
|
Total
Current Directors |
1 |
Total
Current Secretaries |
0 |
|
Total
Previous Directors / Company Secretaries |
0 |
Total
Person's With Significant Control |
1 |
Current Directors
|
Title |
Mr |
Function |
Director |
|
Name |
Matthew
Ian Kelly |
Nationality |
British |
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Date
of Birth |
05/1975 |
Present
Appointments |
3 |
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Latest
Address |
20
Atlantis Avenue, London |
Appointment
Date |
21/11/2016 |
|
Post
Code |
E16
2BF |
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Top Shareholders
|
Name |
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
BUHLER
UK HOLDINGS LIMITED |
GBP |
1 |
ORDINARY
|
1 |
100 |
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FINANCIALS
Not
Available
Report Notes
|
There are no notes to display. |
Status History
No
Status History found
Event History
|
Date |
Description |
|
09/12/2017 |
Confirmation
Statement |
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09/01/2017 |
Change
of Name |
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23/11/2016 |
New
Board Member Mr M.I. Kelly appointed |
Previous Company Names
|
Date |
Previous
Name |
|
05/01/2017 |
BUHLER
UK LIMITED |
Writ Details
|
No
writs found |
Statistics
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Group |
10
companies |
|
Linkages |
18
companies |
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Countries |
In
5 countries |
Summary
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Holding
Company
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BUHLER
UK HOLDINGS LIMITED |
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Ownership
Status
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Wholly
Owned |
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Ultimate
Holding Company
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BUHLER
HOLDING AG |
Group Structure
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Company
Name |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
BUHLER
HOLDING AG |
N/A
|
- |
- |
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BUHLER
UK HOLDINGS LIM... |
00683185
|
31.12.2016 |
N |
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ATLANTIS
AVENUE LIMITED |
06251424
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31.12.2015 |
N |
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BUHLER
LIMITED |
02925744
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31.12.2015 |
N |
£17,952,130
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BUHLER
SORTEX LIMITED |
10488992
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- |
N |
|
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BUHLER
UK LIMITED |
00434274
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31.12.2016 |
N |
£68,238,431
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CONTROL
DESIGN AND D... |
01579088
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31.12.2017 |
N |
£9,040,249
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SORTEX
LIMITED |
10906632
|
- |
N |
|
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BÜHLER
ALZENAU GMBH |
HRB
8425 |
31.12.2016 |
N |
€77,743,906
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LEYBOLD
OPTICS UK LI... |
04023277
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31.12.2014 |
N |
£4,330,961
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Other Linked Companies
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Name
|
Number |
Latest
Key Financials |
Turnover
|
|
BÜHLER
GMBH |
HRB
4602 |
31.12.2016 |
€112,013,223
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BUHLER
S.P.A. |
MI282993
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31.12.2016 |
€40,471,689
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LEYBOLD
OPTICS VERWALTUNGS GMBH |
HRB
8457 |
31.12.2016 |
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LEYBOLD
OPTICS DRESDEN GMBH |
HRB
19689 |
28.02.2015 |
€1,305,682
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BÜHLER
AG |
162812
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- |
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BUHLER
|
272833
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31.12.2015 |
€33,289,895
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BÜHLER
+ SCHERLER AG |
2801
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- |
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ASE-BÜHLER
AG IN LIQUIDATION |
2802
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- |
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BÜHLER
HOLDING AG |
541487
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- |
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BÜHLER
MANAGEMENT AG |
5630947
|
- |
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BÜHLER-IMMO
BETRIEBS AG |
5760846
|
- |
|
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BÜHLER
DRUCKGUSS AG |
730851
|
- |
|
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LEYBOLD
OPTICS GMBH |
HRB
6636 |
- |
|
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BUHLER
INC |
- |
$550,800,000
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BUHLERPRINCE
INC |
- |
$40,920,000
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|
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BUHLER
SORTEX INC |
- |
$4,842,000
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|
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DRAISWERKE
INC |
- |
$17,320,000
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BUHLER
AEROGLIDE CORPORATION |
- |
$206,976,000
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Previous Director/Company Secretaries
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No
Previous Director Details |
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Total
Persons With Significant Control |
1 |
Total
Statements |
0 |
|
Active |
1 |
Active |
0 |
|
Ceased |
0 |
Ceased |
0 |
Active Persons With Significant Control
|
Name |
Buhler
Uk Holdings Limited |
Kind |
Corporate
Entity With Significant Control |
||
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Address |
20
Atlantis Avenue, London |
Notified
On |
21/11/2016 |
||
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Post
Code |
E16
2BF |
Legal
Form |
Private
Limited Company |
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Authority |
England
And Wales |
Place
Registered |
Registrar
Of Companies, Cardiff |
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Country
Registered |
England
And Wales |
Registration
Number |
00683185 |
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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
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No
Ceased Persons With Significant Control To Display |
Active Statements
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No
Active Statements To Display |
Ceased Statements
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No
Ceased Statements To Display |
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Average
Invoice Value
|
£7399.83
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Invoices
available
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56
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Paid
|
55
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Outstanding
|
1
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Trade
Payment Data is information that we collect from selected third party
partners who send us information about their whole sales ledger. |
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Within
Terms |
0-30
Days |
31-60
Days |
61-90
Days |
91+
Days |
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Paid |
26 |
16 |
7 |
3 |
3 |
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Outstanding |
1 |
0 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.91 |
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|
1 |
INR 90.31 |
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Euro |
1 |
INR 80.71 |
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GBP |
1 |
INR 90.60 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.