|
|
|
|
Report No. : |
485636 |
|
Report Date : |
12.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
AMPACET UK LIMITED |
|
|
|
|
Registered Office : |
Unit F1 21 Halesfield Industrial Estate Telford TF7 4NX |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
15.08.2003 |
|
|
|
|
Com. Reg. No.: |
04868378 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
·
Manufacture of other plastic products ·
The production of master batch for sale to
the plastics industry. |
|
|
|
|
No. of Employees : |
23 (2016) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
United Kingdom |
A1 |
A1 |
|
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 Britain'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 new Conservative majority government. However, the deficit still remains one of the highest in the G7, standing at 4.1% of GDP as of mid-2016, and Britain has pledged to lower its corporation tax from 20% to 17% by 2020. Britain had a debt burden of 92.2% GDP at the end of 2016.
While the UK is one of the fastest growing economies in the G7, economists are concerned about the potential negative impact of the UK’s vote to leave the EU. 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.
|
Source
: CIA |
AMPACET
UK LIMITED
UNIT F1 21 HALESFIELD INDUSTRIAL ESTATE TELFORD TF7 4NX
04868378
Active - Accounts Filed
Registered
Address UNIT F1
21 HALESFIELD INDUSTRIAL ESTATE
TELFORD
TF7 4NX
Trading
Address Unit F1
Halesfield 21
Halesfield Industrial Estate
Telford, Shropshire
TF7 4NX
Website Address http://www.ampacet.com
Telephone Number 01952581814
Fax Number
TPS No
FPS Yes
Incorporation Date 15/08/2003
Previous Name
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 12/08/2017
Currency GBP
Share Capital £11
SIC07 22290
Charity Number -
SIC07 Description MANUFACTURE
OF OTHER PLASTIC PRODUCTS
Principal Activity The
production of master batch for sale to the plastics industry.
CCJ's 0
(£0)
No CCJ Information To Display
Ultimate Holding Company AMPACET
CORP
Accountant -
Mortgages 1
Group 5
companies
Linkages 8
companies
Countries In
8 countries
Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees
31/12/2016 £4,561,880 £132,287 £2,467,004
23
31/12/2015 £4,159,863 £142,692 £2,352,462
20
31/12/2014 £4,139,659 £94,351 £2,331,651
20
Total Mortgage 1
Outstanding 0
Satisfied 1
Total Number of Documented Trade 0
Total Value of Documented Trade £0
|
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. |
|
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 |
5 |
Total Person's With Significant Control |
1 |
|
Title |
Mr |
Function |
Director |
|
Name |
Henri Sartori |
Nationality |
Italian |
|
Date of Birth |
06/1963 |
Present Appointments |
2 |
|
Latest Address |
Pl. Des Facteurs, De Forge, 4, Habay-La-Neuve, Belgium |
Appointment Date |
15/08/2003 |
|
Post Code |
B67 20 |
||
|
Title |
Mr |
Function |
Director |
|
Name |
Marcello Bergamo |
Nationality |
Italian |
|
Date of Birth |
05/1970 |
Present Appointments |
1 |
|
Latest Address |
Unit F1, 21 Halesfield Industrial Estate, Telford, Shropshire |
Appointment Date |
16/01/2017 |
|
Post Code |
TF7 4NX |
||
|
Title |
Mr |
Function |
Company Secretary |
|
Name |
Henri Sartori |
Nationality |
|
|
Date of Birth |
- |
Present Appointments |
1 |
|
Latest Address |
Unit F1, 21 Halesfield Industrial Estate, Telford, Shropshire |
Appointment Date |
16/01/2017 |
|
Post Code |
TF7 4NX |
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
AMPACET BELGIUM SPRL |
GBP |
11 |
ORDINARY |
1 |
100 |
|
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 |
|
|
|
Turnover |
£4,561,880 |
9.7% |
£4,159,863 |
0.5% |
£4,139,659 |
-35.8% |
£6,451,967 |
-53.1% |
£13,748,590 |
|
|
Export |
£2,107,954 |
999.9% |
£124,989 |
- |
- |
-100% |
£4,227,788 |
25.3% |
£3,374,819 |
|
|
Cost of Sales |
£3,054,752 |
11.2% |
£2,747,965 |
-2.6% |
£2,821,013 |
-50.2% |
£5,666,009 |
-52.3% |
£11,875,685 |
|
|
Gross Profit |
£1,507,128 |
6.7% |
£1,411,898 |
7.1% |
£1,318,646 |
67.8% |
£785,958 |
-58% |
£1,872,905 |
|
|
Wages & Salaries |
£463,456 |
18.5% |
£391,147 |
-6.4% |
£418,078 |
-14.4% |
£488,685 |
-11.1% |
£549,974 |
|
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Operating Profit |
£133,037 |
-8.5% |
£145,391 |
47.7% |
£98,404 |
-70.7% |
£335,383 |
-49.4% |
£662,712 |
|
|
Depreciation |
£126,572 |
9.7% |
£115,404 |
15.3% |
£100,061 |
28.7% |
£77,722 |
-24.3% |
£102,698 |
|
|
Audit Fees |
£16,350 |
-1.9% |
£16,670 |
9% |
£15,300 |
9.3% |
£14,000 |
- |
£14,000 |
|
|
Interest Payments |
£750 |
-72.2% |
£2,699 |
-33.5% |
£4,058 |
106.5% |
£1,965 |
999.9% |
£117 |
|
|
Pre Tax Profit |
£132,287 |
-7.3% |
£142,692 |
51.2% |
£94,351 |
-71.7% |
£333,503 |
-49.7% |
£662,598 |
|
|
Taxation |
-£17,745 |
85.4% |
-£121,881 |
-43.6% |
-£84,889 |
-20.5% |
-£70,432 |
68.3% |
-£221,945 |
|
|
Profit After Tax |
£114,542 |
450.4% |
£20,811 |
119.9% |
£9,462 |
-96.4% |
£263,071 |
-40.3% |
£440,653 |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
£114,542 |
450.4% |
£20,811 |
119.9% |
£9,462 |
-96.4% |
£263,071 |
-40.3% |
£440,653 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Tangible Assets |
£911,413 |
5.2% |
£866,060 |
-8.7% |
£948,232 |
69.8% |
£558,431 |
-4.1% |
£582,141 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£911,413 |
5.2% |
£866,060 |
-8.7% |
£948,232 |
69.8% |
£558,431 |
-4.1% |
£582,141 |
|
|
Stock |
£539,883 |
8.5% |
£497,565 |
-28.9% |
£699,449 |
40.8% |
£496,635 |
-9.6% |
£549,528 |
|
|
Trade Debtors |
£3,120 |
-90.4% |
£32,533 |
-65.6% |
£94,705 |
557% |
£14,414 |
-99.3% |
£1,933,172 |
|
|
Cash |
£1,133,132 |
177% |
£409,078 |
-10.7% |
£457,925 |
-49.3% |
£903,230 |
-42.9% |
£1,580,696 |
|
|
Other Debtors |
£433,528 |
-49% |
£850,554 |
112.3% |
£400,698 |
-48.9% |
£784,377 |
992.4% |
£71,800 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£2,109,663 |
17.9% |
£1,789,730 |
8.3% |
£1,652,777 |
-24.8% |
£2,198,656 |
-46.8% |
£4,135,196 |
|
|
Trade Creditors |
£3,861 |
-93.1% |
£55,666 |
-34% |
£84,283 |
-47.2% |
£159,600 |
46.2% |
£109,188 |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
£152,809 |
502.3% |
£25,372 |
-31.2% |
£36,891 |
-18.6% |
£45,305 |
-97.7% |
£1,937,172 |
|
|
Miscellaneous Current Liabilities |
£320,858 |
115.9% |
£148,636 |
95.5% |
£76,023 |
-66.9% |
£229,993 |
-62.4% |
£611,859 |
|
|
Total Current Liabilities |
£477,528 |
107.9% |
£229,674 |
16.5% |
£197,197 |
-54.7% |
£434,898 |
-83.6% |
£2,658,219 |
|
|
Bank Loans & Overdrafts and LTL |
£76,544 |
3.9% |
£73,654 |
2.1% |
£72,161 |
- |
0 |
- |
0 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£76,544 |
3.9% |
£73,654 |
2.1% |
£72,161 |
- |
0 |
- |
0 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Called Up Share Capital |
£11 |
- |
£11 |
- |
£11 |
- |
£11 |
- |
£11 |
|
|
P & L Account Reserve |
£563,878 |
25.5% |
£449,336 |
4.9% |
£428,525 |
2.3% |
£419,063 |
168.6% |
£155,992 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
£1,903,115 |
- |
£1,903,115 |
- |
£1,903,115 |
- |
£1,903,115 |
- |
£1,903,115 |
|
|
Shareholder Funds |
£2,467,004 |
4.9% |
£2,352,462 |
0.9% |
£2,331,651 |
0.4% |
£2,322,189 |
12.8% |
£2,059,118 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Net Worth |
£2,467,004 |
4.9% |
£2,352,462 |
0.9% |
£2,331,651 |
0.4% |
£2,322,189 |
12.8% |
£2,059,118 |
|
|
Working Capital |
£1,632,135 |
4.6% |
£1,560,056 |
7.2% |
£1,455,580 |
-17.5% |
£1,763,758 |
19.4% |
£1,476,977 |
|
|
Total Assets |
£3,021,076 |
13.8% |
£2,655,790 |
2.1% |
£2,601,009 |
-5.7% |
£2,757,087 |
-41.6% |
£4,717,337 |
|
|
Total Liabilities |
£554,072 |
82.7% |
£303,328 |
12.6% |
£269,358 |
-38.1% |
£434,898 |
-83.6% |
£2,658,219 |
|
|
Net Assets |
£2,467,004 |
4.9% |
£2,352,462 |
0.9% |
£2,331,651 |
0.4% |
£2,322,189 |
12.8% |
£2,059,118 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
-£600,668 |
-106.8% |
-£290,446 |
|
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
100% |
-£677,466 |
-30.1% |
-£520,860 |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
-£677,466 |
-30.1% |
-£520,860 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
|
|
Capital Employed |
£2,543,548 |
4.8% |
£2,426,116 |
0.9% |
£2,403,812 |
3.5% |
£2,322,189 |
12.8% |
£2,059,118 |
|
|
Number of Employees |
23 |
15% |
20 |
- |
20 |
- |
20 |
-9.1% |
22 |
|
Accountants |
||||||||||
|
Auditors |
GRANT THORNTON UK LLP |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
||||||||||
|
Bank Branch Code |
||||||||||
|
Date Of Accounts |
31/12/16 |
31/12/15 |
31/12/14 |
31/12/13 |
31/12/12 |
|
|
|
Pre-tax profit margin % |
2.90 |
3.43 |
2.28 |
5.17 |
4.82 |
|
|
Current ratio |
4.42 |
7.79 |
8.38 |
5.06 |
1.56 |
|
|
Sales/Net Working Capital |
2.80 |
2.67 |
2.84 |
3.66 |
9.31 |
|
|
Gearing % |
3.10 |
3.10 |
3.10 |
0 |
0 |
|
|
Equity in % |
81.70 |
88.60 |
89.60 |
84.20 |
43.70 |
|
|
Creditor Days |
0.30 |
4.87 |
7.41 |
9 |
2.89 |
|
|
Debtor Days |
0.24 |
2.84 |
8.32 |
0.81 |
51.18 |
|
|
Liquidity/Acid Test |
3.28 |
5.62 |
4.83 |
3.91 |
1.34 |
|
|
Return On Capital Employed % |
5.20 |
5.88 |
3.92 |
14.36 |
32.17 |
|
|
Return On Total Assets Employed % |
4.37 |
5.37 |
3.62 |
12.09 |
14.04 |
|
|
Current Debt Ratio |
0.19 |
0.09 |
0.08 |
0.18 |
1.29 |
|
|
Total Debt Ratio |
0.22 |
0.12 |
0.11 |
0.18 |
1.29 |
|
|
Stock Turnover Ratio % |
11.83 |
11.96 |
16.89 |
7.69 |
3.99 |
|
|
Return on Net Assets Employed % |
5.36 |
6.06 |
4.04 |
14.36 |
32.17 |
|
There are no notes to display. |
|
No Status History found |
|
Date |
Description |
|
23/08/2017 |
New Accounts Filed |
|
23/08/2017 |
New Accounts Filed |
|
21/08/2017 |
Confirmation Statement |
|
24/01/2017 |
Mr G. Giusto has left the board |
|
24/01/2017 |
Mr G. Giusto has resigned as company secretary |
|
24/01/2017 |
New Company Secretary Mr H. Sartori appointed |
|
24/01/2017 |
New Board Member Mr M. Bergamo appointed |
|
12/10/2016 |
New Accounts Filed |
|
27/08/2016 |
Annual Returns |
|
16/09/2015 |
Annual Returns |
|
02/09/2015 |
New Accounts Filed |
|
02/09/2015 |
New Accounts Filed |
|
14/10/2014 |
New Accounts Filed |
|
14/10/2014 |
New Accounts Filed |
|
03/10/2014 |
Annual Returns |
|
No Previous Names found |
|
No writs found |
|
Group |
5 companies |
|
Linkages |
8 companies |
|
Countries |
In 8 countries |
|
Holding Company |
- |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
AMPACET CORP |
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
- |
- |
$65,869,000 |
|
|
|
428477704 |
31.12.2016 |
N |
€100,505,215 |
|
|
04868378 |
31.12.2016 |
N |
£4,561,880 |
|
|
N/A |
- |
- |
|
|
|
08370130 |
31.12.2016 |
N |
£11,214,660 |
|
Name |
Number |
Latest Key Financials |
Turnover |
|
AMPACET SPAIN HOLDING |
5343307 |
31.12.2016 |
€9,739,277 |
|
AMPACET CHILE LTDA. |
- |
||
|
AMPACET EUROPE HOLDING S.À.R.L (B 165277) |
- |
||
|
AMPACET ITALIA |
- |
||
|
AMPACET POLSKA SP ZOO |
- |
||
|
AMPACET RUSSIA |
- |
||
|
AMPACET THAILAND CO |
- |
||
|
IBC INDUSTRIA BAHIANA DE COMPOSTOS PLASTICOS LTDA. |
- |
|
Mortgage Type: |
CHATTELS MORTGAGE |
||
|
Date Charge Created: |
31/08/04 |
||
|
Date Charge Registered: |
01/09/04 |
||
|
Date Charge Satisfied: |
05/03/13 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK)
LIMITED |
||
|
Amount Secured: |
|||
|
Details: |
ALL AND SINGULAR THE CHATTELS BEING GALA POLYMER SYSTEMS S/N\S
10100652 AND 10100570 OR ANY PART THEREOF PLANT MACHINERY |
||
|
Name |
Current Active Appointments |
Previous Appointments |
Dissolved Companies |
|
|
|
Daniele Peruzzo |
0 |
2 |
0 |
|
|
|
Daniele Peruzzo |
0 |
2 |
0 |
|
|
|
Giuseppe Giusto |
0 |
2 |
0 |
|
|
|
Giuseppe Giusto |
0 |
2 |
0 |
|
|
|
SWIFT INCORPORATIONS LIMITED |
11 |
76646 |
189411 |
|
|
|
Total Persons With Significant Control |
1 |
Total Statements |
0 |
||
|
Active |
1 |
Active |
0 |
||
|
Ceased |
0 |
Ceased |
0 |
||
|
Name |
Ampacet Belgium Sprl |
Kind |
Corporate Entity With Significant Control |
||
|
Address |
Rue D'Ampacet 1 Rue D'Ampacet 1, Messancy |
Notified On |
06/04/2016 |
||
|
Post Code |
B6780 |
Legal Form |
Llc |
||
|
Authority |
Belgium |
Place Registered |
Arlon |
||
|
Country Registered |
Belgium |
Registration Number |
0428.477.704 |
||
|
Nature Of Control |
Ownership of shares - above 75% |
||||
|
No Ceased Persons With Significant Control To Display |
|
No Active Statements To Display |
|
No Ceased Statements To Display |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.74 |
|
|
1 |
INR 86.01 |
|
Euro |
1 |
INR 76.14 |
|
GBP |
1 |
INR 86.58 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
|
|
|
|
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.