MIRA
INFORM REPORT
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Report Date : |
2nd
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL SCAFFOLDING LTD. |
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Registered Office : |
Unit 7-8 Clifton House, 14 Wells Terrace, London, N4 3ju |
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Country : |
United
Kingdom |
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Financials (as on) : |
31/08/2005 |
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Date of Incorporation : |
24/08/2001 |
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Com. Reg. No.: |
04276390 |
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Legal Form : |
Private Limited |
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Line of Business : |
Trading
Company |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
Company Identification Details
Subject Reported on GLOBAL SCAFFOLDING
LTD.
Creditline Recommendations
GBP 1k-24k financial strength rating based on net worth plus net
current assets/liabilities
Monthly Credit Guide GBP 1,250
Risk Category NORMAL RISK
Official Company Data
Legal Form Private Limited
Registration Number 04276390
Date of Incorporation 24/08/2001
Registered Office UNIT 7-8 CLIFTON
HOUSE, 14 WELLS TERRACE, LONDON, N4 3JU.
History 20/08/2004 : The Registered Office
address changed from 4TH FLOOR 17-18 MARGARET STREET, LONDON, W1W.
Date of Last Annual Return
to Registry 24/08/2006
Accounts The last filed
accounts at Companies House are those to 31/08/2005
Accounting Reference Date 31/08
Operations
Nace Code 7484
Auditors PCP & Co
Public Record Information
Summary of CCJ's/Scottish Decrees
No CCJs/Scottish Decrees are recorded in our file.
Other Filings and Notices
Date Source Description
28/06/2006 Companies
House Gazette Change among the
directors of a company
04/12/2003 Companies
House Gazette Change among the
directors of a company
30/08/2002 Companies
House Gazette Change among the
directors of a company
19/12/2001 Companies
House Gazette Change among the
directors of a company
11/12/2001 Companies
House Gazette Change among the
directors of a company
Company Secretary
Secretary ZORAWAR
SINGH DODD
Address 50 ALDERTON HILL,
LOUGHTON, ESSEX, IG10 3JB.
Country of Origin UNITED KINGDOM
Date of Birth 04/05/1938
Appointment Date 11/12/2001
Other Directorships MFB ENTERPRISES
LIMITED, REESE LIMITED, PGI PROPERTIES LIMITED, GOLDACRE
PROPERTIES LIMITED
Share Capital
Shares Ordinary GBP 1.00
Issued Number 100
Principal Shareholder 100 Z.S. Dodd
The above reflects the principle shareholder(s) by number of
shares held, irrespective of share classification type.
Payment Analysis
( No Payment Analysis Data is Available )
Financial Data
For annual accounts images, view the Document Image list
Balance Sheet
The following figures are shown in units of 1000
Number of Weeks 52 52 52 53
Accounts Date 31/08/2005 31/08/2004 31/08/2003 31/08/2002
Currency GBP GBP GBP GBP
TOTAL CURRENT ASSETS 66 4 62 13
Trade debtors 13 57 12
Other Current Assets 53 4 5 1
Misc Current Assets 20 2 5
Cash 33 2 1
TOTAL ASSETS 66 4 62 13
TOTAL CURRENT LIABILITIES 58 1 57 13
Trade creditors 57 57 12
Other Liabilities 1 1 1
WORKING CAPITAL 8 3 5
NET ASSETS/(LIABILITIES) 8 3 5
SHARE CAPITAL + RESERVES 8 3 5
Profit and Loss account 8 3 5
SHAREHOLDERS FUNDS 8 3 5
CAPITAL EMPLOYED 8 3 5
Financial Comparison
The following figures are shown in units of 1000
Number of Weeks 52 52 52 53
Accounts Date 31/08/2005 31/08/2004 31/08/2003 31/08/2002
Currency GBP GBP GBP GBP
Liquid Assets 46 2 57 13
Net Working Capital 8 3 5
Tangible Net Worth(T.N.W) 8 3 5
Equity 8 3 5
Number of Years Trading 4 3 2 1
Key Credit Ratios
The following figures are shown as Ratios or Percentages
Accounts Date 31/08/2005 31/08/2004 31/08/2003 31/08/2002
Current Ratio 1.1 4 1.1 1
Quick Ratio 1.1 4 1.1 1
T.N.W/Total Assets% 12.1 75 8.1
Equity Gearing% 13.8 300 8.8
Key Industry Sector Trends
Year 2006 2005 2004 2003
Sample Size 21826 99999 99999 99999
Pre-Tax Profit Margin 36 23.2 19.4 17.7
Current Ratio 1.7 1.7 1.6 1.6
Borrowing Ratio 38 32.7 36 37.6
Return on Capital 444.5 150.9 94.5 87.6
Creditors Days 87 229 172 213
Above figures relate to companies in 1992 Standard Industry
Classification (Nace) sector : Miscellaneous business activities not elsewhere
classified
Financial Summary
Auditors Qualification
The company has taken advantage of exemptions under the Companies
Act such that the accounts have not been audited or examined.
No Turnover
The company's balance sheet total is less than GBP 2,800,001 and therefore
this is a small company as defined by the Companies Act.It is not required to
disclose turnover but it is likely to be less than GBP 5,600,000.
No Pre-Tax Profit
The Company is exempt from the requirement to file a Profit Loss
Account. We note that the difference on the Shareholders Funds shown on the
Balance Sheet is GBP 5,000 increase. This suggests that the Company may have
made a post-tax profit of GBP 5,000.
Working Capital
The company's working capital has increased by 167 % in the
period.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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