MIRA INFORM REPORT

Report No. :	510579
Report Date :	21.05.2018

IDENTIFICATION DETAILS

Name :	APPLIED MEASUREMENTS LIMITED
Registered Office :	3 Mercury House Calleva Park Aldermaston Reading Rg7 8pn
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	20.02.1991
Com. Reg. No.:	02583968
Legal Form :	Private limited with Share Capital
Line of Business :	Agents involved in the sale of machinery, industrial equipment, ships and aircraft.
No. of Employees :	24

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	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
Payment Behaviour :	No Complaints
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	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 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 : APPLIED MEASUREMENTS LIMITED

Company No : 02583968

Company Status : Active - Accounts Filed

Registered Address : 3 MERCURY HOUSECALLEVA PARK ALDERMASTONREADINGRG7 8PN

Company Summary

Registered Address 3 MERCURY HOUSE
CALLEVA PARK ALDERMASTON
READING
RG7 8PN

Trading Address Unit 3, Mercury House
Calleva Park
Aldermaston
Reading, Berkshire
RG7 8PN

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

Telephone Number 01189817339

Fax Number

TPS Yes

FPS Yes

Incorporation Date 20/02/1991

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 06/06/2017

Currency GBP

Share Capital £3

SIC07 46140

Charity Number -

SIC07 Description AGENTS INVOLVED IN THE SALE OF MACHINERY, INDUSTRIAL EQUIPMENT, SHIPS AND AIRCRAFT

Principal Activity Agents in industrial equipment etc.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company APPLIED MEASUREMENTS (HOLDINGS) LIMITED

Accountant LANE MONNINGTON WELTON

Mortgages 4

Trade Debtors -

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/03/2017 - - £289,602 24

31/03/2016 - - £294,121 -

31/03/2015 - - £344,965 -

Mortgage Summary

Total Mortgage 4

Outstanding 2

Satisfied 2

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 2

Total Value of Documented Trade £3,150

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.

There has been a reduction 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	Darren Justin Skipp	Nationality	British
Date of Birth	01/1973	Present Appointments	2
Latest Address	3 Mercury House Calleva Park, Aldermaston, Reading, Berkshire	Appointment Date	30/06/2011
Post Code	RG7 8PN
Title	Mr	Function	Director
Name	Oliver John Morcom	Nationality	British
Date of Birth	09/1981	Present Appointments	3
Latest Address	3 Mercury House Calleva Park, Aldermaston, Reading, Berkshire	Appointment Date	30/06/2011
Post Code	RG7 8PN

Title	Mr	Function	Director
Name	Robert John Davies	Nationality	British
Date of Birth	01/1959	Present Appointments	3
Latest Address	3 Mercury House Calleva Park, Aldermaston, Reading, Berkshire	Appointment Date	30/06/2011
Post Code	RG7 8PN

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Robert John Davies	Nationality	British
Date of Birth	01/1959	Present Appointments	1
Latest Address	3 Mercury House Calleva Park, Aldermaston, Reading, Berkshire	Appointment Date	01/07/2005
Post Code	RG7 8PN

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
APPLIED MEASUREMENTS (HOLDINGS) LTD	GBP	300	ORDINARY	0.01	100

Financials

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
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£20,157	2.9%	£19,591	5.9%	£18,491	-5.4%	£19,537	71.7%	£11,378
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Tangible Assets	£34,398	-16.3%	£41,089	-8.9%	£45,125	-68.1%	£141,362	-34.8%	£216,731
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£34,398	-16.3%	£41,089	-8.9%	£45,125	-68.1%	£141,362	-34.8%	£216,731
	Stock	£369,558	17.9%	£313,356	13.8%	£275,346	8.1%	£254,701	79%	£142,252
	Trade Debtors	£256,107	5.4%	£242,911	-19.1%	£300,105	-14.8%	£352,243	-11.1%	£396,367
	Cash	£38,085	-11.2%	£42,897	48.6%	£28,862	53.9%	£18,752	-22.7%	£24,255
	Other Debtors	£22,471	20.5%	£18,652	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£686,221	11.1%	£617,816	2.2%	£604,313	-3.4%	£625,696	11.2%	£562,874
	Trade Creditors	£239,270	68.9%	£141,670	-52.1%	£296,006	-22.4%	£381,264	0%	£381,168
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£187,080	-13.5%	£216,196	-	0	-	0	-	0
	Total Current Liabilities	£426,350	19.1%	£357,866	20.9%	£296,006	-22.4%	£381,264	0%	£381,168
	Bank Loans & Overdrafts and LTL	£4,667	-32.5%	£6,918	-18.3%	£8,467	-10%	£9,410	-8.5%	£10,284
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£4,667	-32.5%	£6,918	-18.3%	£8,467	-10%	£9,410	-8.5%	£10,284

.

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Called Up Share Capital	£3	-	£3	-	£3	-	£3	-	£3
	P & L Account Reserve	£289,599	-1.5%	£294,118	-14.7%	£344,962	-8.3%	£376,381	-3%	£388,150
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£289,602	-1.5%	£294,121	-14.7%	£344,965	-8.3%	£376,384	-3%	£388,153

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Worth	£289,602	-1.5%	£294,121	-14.7%	£344,965	-8.3%	£376,384	-3%	£388,153
	Working Capital	£259,871	0%	£259,950	-15.7%	£308,307	26.1%	£244,432	34.5%	£181,706
	Total Assets	£720,619	9.4%	£658,905	1.5%	£649,438	-15.3%	£767,058	-1.6%	£779,605
	Total Liabilities	£431,017	18.2%	£364,784	19.8%	£304,473	-22.1%	£390,674	-0.2%	£391,452
	Net Assets	£289,602	-1.5%	£294,121	-14.7%	£344,965	-8.3%	£376,384	-3%	£388,153

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£294,269	-2.2%	£301,039	-14.8%	£353,432	-8.4%	£385,794	-3.2%	£398,437
	Number of Employees	24	-	-	-	-	-	-	-	-
	Accountants	LANE MONNINGTON WELTON
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	HSBC BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.61	1.73	2.04	1.64	1.48
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	1.60	2.40	2.50	2.50	2.60
	Equity in %	40.20	44.60	53.10	49.10	49.80
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.74	0.85	1.11	0.97	1.10
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	1.47	1.21	0.85	1.01	0.98
	Total Debt Ratio	1.48	1.24	0.88	1.03	1
	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
01/02/2018	Confirmation Statement
16/06/2017	New Accounts Filed
16/06/2017	New Accounts Filed
12/04/2017	Payment Data Update Received
03/02/2017	Annual Returns
17/01/2017	Payment Data Update Received
20/06/2016	New Accounts Filed
14/06/2016	Mr P.A. Lewis has left the board
01/03/2016	Annual Returns
25/06/2015	New Accounts Filed
01/03/2015	Annual Returns
24/06/2014	New Accounts Filed
22/02/2014	Annual Returns
15/06/2013	New Accounts Filed
06/03/2013	Annual Returns

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	APPLIED MEASUREMENTS (HOLDINGS) LIMITED
Ownership Status	Wholly Owned
Ultimate Holding Company	APPLIED MEASUREMENTS (HOLDINGS) LIMITED

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts
APPLIED MEASUREMENTS (HO...	07633891	31.03.2017	N
APPLIED MEASUREMENTS L...	02583968	31.03.2017	N

Mortgage Details

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	07/04/97
Date Charge Registered:	10/04/97
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE PROPERTY AT UNITS 3 & 6 MERCURY HOUSE CALLEVA PARK ALDERMASTON BERKSHIRE WITH THE BENEFIT OF ALLRIGHTS,LICENCES,GUARANTEES,ANY GOODWILL OF ANY BUSINESS,ANY RENTAL AND OTHER MONEY AND ALL OTHER PAYMENTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	25/09/95
Date Charge Registered:	29/09/95
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	MIDLAND 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 UNCALLED CAPITAL GOODWILL BOOKDEBTS AND PATENTS

Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	07/03/94
Date Charge Registered:	09/03/94
Date Charge Satisfied:	18/04/00
Status:	SATISFIED
Person(s) Entitled:	KELLOCK LIMITED
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
Mortgage Type:	DEBENTURE
Date Charge Created:	19/08/93
Date Charge Registered:	27/08/93
Date Charge Satisfied:	18/04/00
Status:	SATISFIED
Person(s) Entitled:	BARCLAYS 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

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	2	£3,150
Company Name		Amount	Statement Date
Nor Con UK Limited		£2,000	04/05/2016
Total Monitoring Solutions Ltd		£1,150	15/05/2014

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Simon Charles Gotelee	0			2	2
Simon Charles Gotelee	0			2	2
Lesley David Hulme	0			1	0
Peter Anthony Lewis	0			2	1
Carole Patricia Lewis	0			1	0
Darren Justin Skipp	2			4	2
SWIFT INCORPORATIONS LIMITED	11			75420	190637
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Applied Measurements (Holdings) Limited	Kind	Corporate Entity With Significant Control
Address	3 Mercury House Calleva Park, Aldermaston, Reading, Berkshire	Notified On	06/04/2016
Post Code	RG7 8PN	Legal Form	Limited Company
Authority	Companies Act	Place Registered	Companies House
Country Registered	England And Wales	Registration Number	07633891
Nature Of Control	Ownership of shares - above 75%

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	£79.68
Invoices available	30
Paid	29
Outstanding	1

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	20	5	2	1	1
Outstanding	1	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.95
UK Pound	1	INR 91.87
Euro	1	INR 80.27
GBP	1	INR 91.25

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

INFORMATION DETAILS

Analysis Done by :	NIY
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.