Annex FF
Audit files of Transfer Technology Ltd
TransTec Re: Debtor
31.3.91 ROLL
CENTRE
DEBTOR
Roll Centre Inc is a company
in Chicago previously owned 100% by G Robinson. Has severe cash
flow problems.
| TransTec b/fwd | | | | 35,034.79
| ) | |
| | | |
| ) | |
|
| Sarclad b/fwd | | | | 320,945.24
| ) | per long form report
|
| | | |
| ) | page 67 |
| TransTec sales | | | | 147,058.50
| ) | Re: Roll Centre Cash Flow
|
| |
| | | [illegible] |
| | | 503,038.53
| | |
| TransTec Cash | (1)
| ) | 36397.00
| |
| | )
| | |
| Paid by Sarclad Inc |
(2) | )
| 26047.55 |
|
| | ) All US
| | |
| Paid by TT Inc | (3)
| ) transactions | 11507.75
| |
| | )
| | |
| TT Inc Debtor | (4)
| ) | 48485.00
| |
| | | 625,475.83
| |
| Repaid |
| 300,000.00 | )
| 200000 10 Dec 90 |
| | | )
| 100000 13.3.91 |
| | 325,475.83
| | |
| Being Advances | (1)
| 166,475.83 |
| |
| Trading £280 ¸ 1.75
| (2) | 160,000.00
| | |
See Long Form Report for Background.
(1) Advances to be settled by contra against
G Robinson loan at £65,035 at 31/3/91. £100,000 paid
in by GR on 9 May '91—no provision required.
(2) Trading Debt guaranteed by GR.
(1) Cash loaned by Transtec
to Roll Centre
(2) Interest paid by Sarclad for Roll Centre
(3) Transtec paid Roll Centre's wages for them.
(4) Trading—sales made to Roll Centre during
the year.
7 agreed to cash book.
Conclusion
Debtor is considered recoverable due to Mr Robinson's
personal guarantee.
|
