3decades

MIRA INFORM REPORT

Report No. :	510576
Report Date :	21.05.2018

IDENTIFICATION DETAILS

Name :	DYNATEST U.K. LIMITED

Registered Office :	Unit 12, Acorn Enterprise Centre Kidderminster Dy11 7ra

Country :	United Kingdom

Financials (as on) :	31.12.2016

Date of Incorporation :	26.11.1984

Com. Reg. No.:	01866294

Legal Form :	Private limited with Share Capital

Line of Business :	Subject is Other specialised construction activities n.e.c.

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
C	Medium High Risk	Business dealings permissible preferably on secured basis

Status :	Moderate

Payment Behaviour :	Slow

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

Company Name : DYNATEST U.K. LIMITED

Company No : 01866294

Company Status : Active - Accounts Filed

Registered Address : UNIT 12,ACORN ENTERPRISE CENTREKIDDERMINSTERDY11 7RA

Company Summary

Registered Address UNIT 12,
ACORN ENTERPRISE CENTRE
KIDDERMINSTER
DY11 7RA

Trading Address Unit 12,
Acorn Enterprise Centre
Kidderminster
Heref & Worcs
DY11 7RA

Website Address http://www.dynatest.com

Telephone Number 05602056958

Fax Number

TPS No

FPS Yes

Incorporation Date 26/11/1984

Previous Name

Type Private limited with Share Capital

FTSE Index –

Date of Change –

Filing Date of Accounts 17/05/2017

Currency GBP

Share Capital £2,000

SIC07 43999

Charity Number –

SIC07 Description OTHER SPECIALISED CONSTRUCTION ACTIVITIES N.E.C.

Principal Activity General construction and civil engineer.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company DYNATEST INTERNATIONAL AS

Accountant -

Mortgages 2

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 - - -£341,862 -

31/12/2015 - - -£216,865 -

31/12/2014 - - -£108,883 -

Mortgage Summary

Total Mortgage 2

Outstanding 1

Satisfied 1

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

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.

There has been a reduction in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a higher 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	Stephen Mark Wormald	Nationality	British
Date of Birth	02/1961	Present Appointments	2
Latest Address	1 Dunolly Place, Pukekohe, Auckland	Appointment Date	31/05/1991
Post Code	2120
Title	Engineer	Function	Director
Name	Adrian Richard Ernest Small	Nationality	British
Date of Birth	10/1956	Present Appointments	1
Latest Address	Unit 12, Acorn Enterprise Centre, Hoo Farm Ind. Est., Frederick Road, Kidderminster, Worcestershire	Appointment Date	18/09/2015
Post Code	DY11 7RA

Title	Mr	Function	Director
Name	Christian Lanng Nielsen	Nationality	Danish
Date of Birth	08/1971	Present Appointments	1
Latest Address	Dynatest International A/s Gladsaxevej 342, Soborg	Appointment Date	29/04/2016
Post Code	DK 2860

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Stephen Mark Wormald	Nationality	British
Date of Birth	02/1961	Present Appointments	2
Latest Address	1 Dunolly Place, Pukekohe, Auckland	Appointment Date	31/05/1991
Post Code	2120

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
DYNATEST INTERNATIONAL AS	GBP	2,000	ORDINARY	1	100

Financials

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
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	£2,433	17.1%	£2,077	-71%	£7,151	432.5%	£1,343
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Tangible Assets	£2,650	-63%	£7,161	-9.7%	£7,927	-20.8%	£10,004	-34%	£15,155
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£2,650	-63%	£7,161	-9.7%	£7,927	-20.8%	£10,004	-34%	£15,155
Stock	£45,156	-35.2%	£69,709	18.6%	£58,756	6.2%	£55,305	32.8%	£41,652
Trade Debtors	£84,536	-66.4%	£251,835	-17%	£303,500	27.9%	£237,214	42.4%	£166,635
Cash	£15,457	-2.9%	£15,922	42.7%	£11,159	49.1%	£7,484	999.9%	£640
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£145,149	-57%	£337,466	-9.6%	£373,415	24.5%	£300,003	43.6%	£208,927
Trade Creditors	0	-100%	£561,492	14.5%	£490,225	31.6%	£372,483	74.5%	£213,466
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	0	-100%	£561,492	14.5%	£490,225	31.6%	£372,483	74.5%	£213,466
Bank Loans & Overdrafts and LTL	£489,661	-	0	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£489,661	-	0	-	0	-	0	-	0

Capital & Reserves

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Called Up Share Capital	-	-100%	£2,000	-	£2,000	-	£2,000	-	£2,000
P & L Account Reserve	-£341,862	-56.2%	-£218,865	-97.4%	-£110,883	-72%	-£64,476	-848.3%	£8,616
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	-£341,862	-57.6%	-£216,865	-99.2%	-£108,883	-74.3%	-£62,476	-688.5%	£10,616

Other Financial Items

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Worth	-£341,862	-57.6%	-£216,865	-99.2%	-£108,883	-74.3%	-£62,476	-688.5%	£10,616
Working Capital	£145,149	164.8%	-£224,026	-91.8%	-£116,810	-61.2%	-£72,480	-999.9%	-£4,539
Total Assets	£147,799	-57.1%	£344,627	-9.6%	£381,342	23%	£310,007	38.3%	£224,082
Total Liabilities	£489,661	-12.8%	£561,492	14.5%	£490,225	31.6%	£372,483	74.5%	£213,466
Net Assets	-£341,862	-57.6%	-£216,865	-99.2%	-£108,883	-74.3%	-£62,476	-688.5%	£10,616

Cash Flow

Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

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
Capital Employed	£147,799	168.2%	-£216,865	-99.2%	-£108,883	-74.3%	-£62,476	-688.5%	£10,616
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors
Auditor Comments	The company is exempt from audit
Bankers	NATIONAL WESTMINSTER BANK PLC
Bank Branch Code	60-40-09

Ratios

Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
Pre-tax profit margin %	-	-	-	-	-
Current ratio	-	0.60	0.76	0.81	0.98
Sales/Net Working Capital	-	-	-	-	-
Gearing %	-143.20	0	0	0	0
Equity in %	-231.30	-62.90	-28.60	-20.20	4.70
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	-	0.47	0.64	0.65	0.78
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-	-2.58	-4.50	-5.96	20.10
Total Debt Ratio	-1.43	-2.58	-4.50	-5.96	20.10
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
26/06/2017	Confirmation Statement
20/05/2017	New Accounts Filed
03/07/2016	Annual Returns
03/07/2016	New Accounts Filed
08/06/2016	Mrs T. Guldmann has left the board
04/05/2016	New Board Member Mr C.L. Nielsen appointed
02/05/2016	Mr T.A. Sorensen has left the board
22/09/2015	New Board Member Engineer A.R. Small appointed
17/07/2015	Payment Data Update Received
15/07/2015	Payment Data Update Received
07/07/2015	Payment Data Update Received
03/07/2015	Annual Returns
01/07/2015	New Accounts Filed
01/07/2015	New Accounts Filed
03/11/2014	New Accounts Filed

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	-
Ownership Status	Wholly Owned
Ultimate Holding Company	DYNATEST INTERNATIONAL AS

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
DYNATEST INTERNATIONAL AS	N/A	-	-
DYNATEST U.K. LIMITED	01866294	31.12.2016	N

Mortgage Details

Mortgage Type:	DEBENTURE
Date Charge Created:	01/10/08
Date Charge Registered:	09/10/08
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	DANSKE BANK A/S, LONDON BRANCH
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS
Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	01/12/95
Date Charge Registered:	21/12/95
Date Charge Satisfied:	19/08/05
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES FLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE FULL BENEFIT OF ALL LICENCES

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Neils Bay Schmith	0			1	0
Anders Sorensen	0			1	0
Richard Neil Stubstad	0			1	0
Thomas Booth Harris	0			1	0
Graeme Hedley Jones	0			1	0
Torben Christian Skaanild	0			1	1
Stephen Dolan	0			1	2
Finn Andersen	0			1	0
Julie Denise Bailey	0			1	0
Frank Ebskamp	0			1	0
Trine Guldmann	0			1	0
Torben Anker Sorensen	0			1	0
Jakob Find Madsen	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	Se Blue Equity 1 K/S	Kind	Corporate Entity With Significant Control
Address	11 Birkemose Alle, Norre Bjert, Kolding	Notified On	06/04/2016
Post Code	DY11 7RA	Legal Form	Limited Partnership
Authority	Danish Companies Act (Selskabsloven)	Place Registered	Danish Business Register
Country Registered	Denmark	Registration Number	35485058
Nature Of Control	Ownership of voting rights - 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	£236.38
Invoices available	36
Paid	36
Outstanding	0

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	30	5	0	1	0
Outstanding	0	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 91.42

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

INFORMATION DETAILS

Analysis Done by :	VAR

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.