SINO INTERNATIONAL PRODUCTS LIMITED

Automotive

Funds Requested

£93,000.00

Offered so far

£0.00

Loan term

60 MONTHS

Auction Closed

2016-01-10

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About the Business

Company Name: SINO INTERNATIONAL PRODUCTS LIMITED Company Number: 08346129
Business Type: Automotive Years Trading: 3-5 years
Business Location: Warwick

About the Risk

Risk rating

C

Default rate

13.30%

Bad debt rate

5.47%

About the Security

Security Offered:

1st Charge Residential Property

Est. Equity: 0.00

All Assets Debenture

Est. Equity: 0.00

2nd Charge on Residential Property

Est. Equity: 0.00

Risk Indicators Identified:

Important Files

Who are we?

Sino International Products gives motor manufacturers access to a global 'best cost' supplier base. Our team of in house experts can handle everything from product development, manufacturing, and ongoing quality control to ensure that our customers receive the right product, on time and at the most competitive price. We make parts for Rolls Royce, Aston Martin, Ford, Jaguar, Land Rover and McLaren. At first we get an order for design work, then once agreed we get the order for the tooling followed by small parts supply orders. Once the car goes into production then parts orders are received on a recurring basis over a number of years. This gives us a very secure long term revenue stream.

Read more

Loan Offers

What is the loan for?

The loan is for working capital to help cash flow due to the nature of our business and to aid growth.We expect to invoice over £1.7m for completed tooling in the period between November 2015 to May 2016. Once the tooling is made lucrative parts orders follow.

Why consider investing?

To date, most of our orders we have won and delivered have been for prototype tools and part supply and then in 2015 for production tooling. In 2016 to 2022 we will supply the finished parts in greater quantity to our blue chip customers. this gives us a very secure long term revenue stream and makes us 'safe to lend to'.

Security

The loan is to be secured by way of a Personal Guarantee provided by one of the two company Directors as well as an All Assets Debenture and a Second Priority Property Charge over a personal property of the Director.

The Director's estimated net worth is £116,000 and the personal property on which the property charge will be secured has an estimated value of £135,000 with £72,605 estimated equity.

DateAmountCapitalInterestReceived
10/02/2016£2,338.38£979.03£1,359.35
10/03/2016£2,338.38£993.34£1,345.04
10/04/2016£1,330.52£0.00£1,330.52Interest only
10/05/2016£0.00£0.00£0.00
10/06/2016£2,338.38£1,022.59£1,315.79
10/07/2016£2,338.38£1,037.54£1,300.84
10/08/2016£2,338.38£1,052.70£1,285.68
10/09/2016£2,338.38£1,068.09£1,270.29
10/10/2016£2,338.38£1,083.70£1,254.68
10/11/2016£85,993.65£84,754.47£1,239.18
10/12/2016£0.00£0.00£0.00
10/01/2017£0.00£0.00£0.00
10/02/2017£0.00£0.00£0.00
10/03/2017£0.00£0.00£0.00
10/04/2017£0.00£0.00£0.00
10/05/2017£0.00£0.00£0.00
10/06/2017£0.00£0.00£0.00
10/07/2017£0.00£0.00£0.00
10/08/2017£0.00£0.00£0.00
10/09/2017£0.00£0.00£0.00
10/10/2017£0.00£0.00£0.00
10/11/2017£0.00£0.00£0.00
10/12/2017£0.00£0.00£0.00
10/01/2018£0.00£0.00£0.00
10/02/2018£0.00£0.00£0.00
10/03/2018£0.00£0.00£0.00
10/04/2018£0.00£0.00£0.00
10/05/2018£0.00£0.00£0.00
10/06/2018£0.00£0.00£0.00
10/07/2018£0.00£0.00£0.00
10/08/2018£0.00£0.00£0.00
10/09/2018£0.00£0.00£0.00
10/10/2018£0.00£0.00£0.00
10/11/2018£0.00£0.00£0.00
10/12/2018£0.00£0.00£0.00
10/01/2019£0.00£0.00£0.00
10/02/2019£0.00£0.00£0.00
10/03/2019£0.00£0.00£0.00
10/04/2019£0.00£0.00£0.00
10/05/2019£0.00£0.00£0.00
10/06/2019£0.00£0.00£0.00
10/07/2019£0.00£0.00£0.00
10/08/2019£0.00£0.00£0.00
10/09/2019£0.00£0.00£0.00
10/10/2019£0.00£0.00£0.00
10/11/2019£0.00£0.00£0.00
10/12/2019£0.00£0.00£0.00
10/01/2020£0.00£0.00£0.00
10/02/2020£0.00£0.00£0.00
10/03/2020£0.00£0.00£0.00
10/04/2020£0.00£0.00£0.00
10/05/2020£0.00£0.00£0.00
10/06/2020£0.00£0.00£0.00
10/07/2020£0.00£0.00£0.00
10/08/2020£0.00£0.00£0.00
10/09/2020£0.00£0.00£0.00
10/10/2020£0.00£0.00£0.00
10/11/2020£0.00£0.00£0.00
10/12/2020£0.00£0.00£0.00
10/01/2021£0.00£0.00£0.00
10/02/2021£0.00£0.00£0.00
Total:£91,991.46£11,701.37