MIRA INFORM REPORT

Report No. :	510681
Report Date :	22.05.2018

IDENTIFICATION DETAILS

Name :	HYDROTECHNIK UK LIMITED
Registered Office :	1 Central Park Lenton Lane Nottingham Ng7 2nr
Country :	United Kingdom
Financials (as on) :	31.12.2016
Date of Incorporation :	24.10.1990
Com. Reg. No.:	02551583
Legal Form :	Private limited with Share Capital
Line of Business :	· Wholesale of other intermediate products · The sale and distribution of hydraulic test equipment
No. of Employees :	Not Avilable

RATING & COMMENTS

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

MIRA’s Rating :

B

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 (30.09.2017)	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: HYDROTECHNIK UK LIMITED

Company No: 02551583

Registered Address: 1 CENTRAL PARK LENTON LANE NOTTINGHAM NG7 2NR

Company Summary

Registered Address 1 CENTRAL PARK
LENTON LANE
NOTTINGHAM
NG7 2NR

Trading Address 1 Central Park
Lenton Lane
Nottingham
NG7 2NR
NG7 2NR

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

Telephone Number 01159003550

Fax Number

TPS No

FPS Yes

Incorporation Date 24/10/1990

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 12/07/2017

Currency GBP

Share Capital £10,494

SIC07 46760

Charity Number -

SIC07 Description WHOLESALE OF OTHER INTERMEDIATE PRODUCTS

Principal Activity The sale and distribution of hydraulic test equipment.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant MAZARS LLP

Mortgages 4

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/12/2016 - - £675,190 -

31/12/2015 - - £544,062 -

31/12/2014 - - £490,977 -

Mortgage Summary

Total Mortgage 4

Outstanding 1

Satisfied 3

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

This company has only made late payments on a low percentage of invoices.

The latest Balance Sheet indicates a positive net working capital position.

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.

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 -	-

Back to Top

Show More

Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	11	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	John Richard Price	Nationality	British
Date of Birth	01/1962	Present Appointments	4
Latest Address	4a The Stockwell, Wymeswold, Loughborough	Appointment Date	24/10/1991
Post Code	LE12 6UF
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Christopher John Banks	Nationality	British
Date of Birth	12/1971	Present Appointments	1
Latest Address	1 Central Park, Lenton Lane, Nottingham	Appointment Date	01/01/2011
Post Code	NG7 2NR
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Title	Mrs	Function	Company Secretary
Name	Tracey Beardall	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	1 Central Park, Lenton Lane, Nottingham	Appointment Date	03/05/2012
Post Code	NG7 2NR
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
J.R. PRICE	GBP	104,944	ORDINARY	0.1	100
1

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	£45,621	62.2%	£28,126	35.6%	£20,743	2.3%	£20,285	-6%	£21,589
	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	£408,702	28.7%	£317,599	186.1%	£110,997	208.9%	£35,935	-27.8%	£49,771
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£408,702	28.7%	£317,599	186.1%	£110,997	208.9%	£35,935	-27.8%	£49,771
	Stock	£434,065	21.4%	£357,654	6.1%	£337,067	15.8%	£291,033	10.5%	£263,392
	Trade Debtors	£586,740	-11.6%	£663,794	-8.3%	£723,615	-0.7%	£728,541	13.5%	£641,901
	Cash	£186,978	-22.6%	£241,692	137.1%	£101,916	-11.4%	£114,976	72.5%	£66,647
	Other Debtors	£244,064	105.6%	£118,731	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£1,451,847	5.1%	£1,381,871	18.9%	£1,162,598	2.5%	£1,134,550	16.7%	£971,940
	Trade Creditors	£482,119	-0.4%	£484,287	-34.5%	£738,926	-3.5%	£766,048	9.7%	£698,189
	Bank Loans & Overdrafts	£218,581	48.3%	£147,374	-	0	-	0	-	0
	Other Short Term Finance	£38,355	38.4%	£27,713	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£300,996	-15.6%	£356,559	-	0	-	0	-	0
	Total Current Liabilities	£1,040,051	2.4%	£1,015,933	37.5%	£738,926	-3.5%	£766,048	9.7%	£698,189
	Bank Loans & Overdrafts and LTL	£363,889	26.9%	£286,849	556.5%	£43,692	156.4%	£17,043	-30.7%	£24,609
	Other Long Term Finance	£97,935	68.2%	£58,225	-	0	-	0	-	0
	Total Long Term Liabilities	£145,308	4.2%	£139,475	219.2%	£43,692	156.4%	£17,043	-30.7%	£24,609

.

Capital & Reserves

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Called Up Share Capital	£10,494	-	£10,494	-	£10,494	-	£10,494	-	£10,494
	P & L Account Reserve	£652,190	25.2%	£521,062	11.3%	£467,977	28.4%	£364,394	32.1%	£275,913
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£12,506	-	£12,506	-	£12,506	-	£12,506	-	£12,506
	Shareholder Funds	£675,190	24.1%	£544,062	10.8%	£490,977	26.7%	£387,394	29.6%	£298,913

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Net Worth	£675,190	24.1%	£544,062	10.8%	£490,977	26.7%	£387,394	29.6%	£298,913
	Working Capital	£411,796	12.5%	£365,938	-13.6%	£423,672	15%	£368,502	34.6%	£273,751
	Total Assets	£1,860,549	9.5%	£1,699,470	33.4%	£1,273,595	8.8%	£1,170,485	14.6%	£1,021,711
	Total Liabilities	£1,185,359	2.6%	£1,155,408	47.6%	£782,618	-0.1%	£783,091	8.3%	£722,798
	Net Assets	£675,190	24.1%	£544,062	10.8%	£490,977	26.7%	£387,394	29.6%	£298,913

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	£820,498	20%	£683,537	27.8%	£534,669	32.2%	£404,437	25%	£323,522
	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	MAZARS LLP
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code	60-40-50

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	1.40	1.36	1.57	1.48	1.39
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	53.90	52.70	8.90	4.40	8.20
	Equity in %	36.30	32	38.60	33.10	29.30
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.97	1	1.11	1.10	1.01
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	1.54	1.86	1.50	1.97	2.33
	Total Debt Ratio	1.75	2.12	1.59	2.02	2.41
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

Event History View Documents

Date	Description
06/11/2017	Confirmation Statement
24/07/2017	New Accounts Filed
24/07/2017	New Accounts Filed
02/12/2016	Annual Returns
17/10/2016	New Accounts Filed
06/11/2015	Annual Returns
02/10/2015	New Accounts Filed
24/11/2014	Annual Returns
05/10/2014	New Accounts Filed
16/05/2014	Mr D.K. Whittaker has left the board
16/05/2014	Ms K. Roy Price has left the board
14/01/2014	Change in Reg.Office
14/01/2014	Change of Company Postcode
21/12/2013	Annual Returns
05/10/2013	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:
Date Charge Created:	17/09/14
Date Charge Registered:	18/09/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	25/03/11
Date Charge Registered:	29/01/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	JOHN RICHARD PRICE KATHLEEN THERESA ROY PRICE AND LEGAL AND GENERAL ASSURANCE SOCIETY LIMITED;
Amount Secured:
Details:	ALL ASSETS OF THE COMPANY

Mortgage Type:	DEBENTURE
Date Charge Created:	06/03/07
Date Charge Registered:	09/03/07
Date Charge Satisfied:	03/09/14
Status:	SATISFIED
Person(s) Entitled:	JOHN RICHARD PRICE AND KATHLEEN THERESA ROY-PRICE AND LEGAL AND GENERAL ASSURRANCE SOCIETYLIMIT;
Amount Secured:
Details:	BY WAY OF FIRST FIXED CHARGE, ALL BOOK DEBTS AND OTHER DEBTS BY WAY OF FIRST FLOATING CHARGE, ALL BOOK DEBTS AND OTHER DEBTSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	10/03/00
Date Charge Registered:	30/01/14
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Kathleen Roy Price	0		1	1
John Richard Price	4		3	8
Patricia Ellis	0		4	3
Patricia Ellis	0		4	3
Leslie Roy Hughes	0		1	0
Kathryn Jane Bowman	1		3	11
Michael James Benzies	0		2	1
Nicholas Robin Dennis	1		1	0
Keith Howard Auckland	0		5	13
Daniel Kenneth Whittaker	1		1	0
Michael James Benzies	0		2	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 John Richard Price	Kind	Individual Person With Significant Control
Address	1 Central Park, Lenton Lane, Nottingham	Country Of Residence	England
Post Code	NG7 2NR	Nationality	British
Date of Birth	01/1962	Notified On	06/04/2016
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

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.96
UK Pound	1	INR 91.88
Euro	1	INR 80.26
GBP	1	INR 91.44

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	KET

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.