MIRA
INFORM REPORT
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Report Date : |
27th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
CELSTEEL
LIMITED |
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Registered Office : |
29 Queen Street, Newton Stewart, Newton Stewart, Wigtownshire,
DG8 6JR. |
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Country : |
United
Kingdom |
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Financials (as on) : |
05.04.2006 |
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Date of Incorporation : |
11.09.1963 |
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Com. Reg. No.: |
SC039247 |
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Legal Form : |
Private Limited
with share capital |
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Line of Business : |
Wholesaler of other household goods &
Sale of precious stones. |
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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Maximum Credit Limit : |
GBP 60,600 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company Identification Details
Company name : CELSTEEL LIMITED
Trading Address :Suite 212, 100 Hatton Gardens, London, EC1N 8NX
Risk Score 59 out of 100
Average Risk - This company has an average risk status and should be treated with a degree of caution
Credit Limit GBP 60,600
Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.
Contract Limit GBP 553,800
Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.
Official Company Data
Legal Form Private Limited with
share capital
Registration Number SC039247
Date of Incorporation 11/09/1963
Registered Office 29 QUEEN STREET,
NEWTON STEWART, NEWTON STEWART, WIGTOWNSHIRE, DG8 6JR .
Date of Last
Annual
Return to Registry 08/12/2005
Activities Sale of precious
stones. - -
Accounts The last filed accounts cover
the period to 05/04/2006 and were presented to Companies House on 26/07/2006
Recently Filed Documents
Details of the most recent documents
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Date Received |
Description |
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11/06/1996 |
Notification Of A Change Among The Directors Of A Company |
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25/02/1985 |
Documents Making Or Evidencing An Alteration In The Memorandum
Or Articles Of Association |
It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.
Known Directors
DIRECTOR SAMUEL
CHAND CHIB
Occupation
Address 73, CAVENDISH HOUSE
, LONDON , NW8 9SQ
Country
of Origin BRITISH
Date of
Birth 30/04/1932
Appointment
Date 31/12/1988
Other
Appointments URBANWORTHY PROPERTY MANAGEMENT
LIMITED
DIRECTOR EILEEN MARGARET CHIB
Occupation DIRECTOR
Address ST JOHNS WOOD , LONDON
, NW8 9SQ
Country
of Origin BRITISH
Date of
Birth 01/09/1933
Appointment
Date 31/12/1988
DIRECTOR PHILLIP DAVID CHIB
Occupation DIRECTOR
Address 24, MARDLEY HILL
, WELWYN , HERTS , AL6 0TS
Country
of Origin BRITISH
Date of
Birth 29/04/1961
Appointment
Date 06/06/1996
SECRETARY MR SAMUEL CHAND CHIB
Address 73 , CAVENDISH HOUSE
, LONDON , NW8 9SQ
Country
of Origin BRITISH
Date of
Birth 30/04/1932
Appointment
Date 31/12/1988
Recently Resigned Directors (last
3)
None
Share Summary
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Share Currency: |
GBP |
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Issued at date of report: |
10,000 ORD |
Shares of 1 pence each |
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Prinicipal Shareholders: |
Type Of Share |
No. of Shares |
Value |
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PHILLIP D CHIB |
ORD |
4,500 |
45.00 |
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SAMUEL C CHIB |
ORD |
3,500 |
35.00 |
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EILEEN M CHIB |
ORD |
1,000 |
10.00 |
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LINDA WEBB |
ORD |
800 |
8.00 |
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GORDON P WEBB |
ORD |
200 |
2.00 |
Mortgages and Charges
Total Registered 2
Total Outstanding 2
Total Satisfied 0
Most Recent Mortgage 14/04/1992
Date Registered 27/04/1992
Type 410
Date Created 14/04/1992
Lender BARCLAYS BANK PLC
Secured On ALL SUMS DUE, OR TO
BECOME DUE
Details FLAT 73, CAVENDISH HOUSE,
WELLINGTON ROAD, LONDON & GARAGE NO. 50 & PARKING SPACE 11. TITLE
NUMBER NGL 693937.
Satisfied? No
Date Registered 16/09/1981
Type 9999
Date Created 09/09/1981
Lender MIDLAND BANK PLC
Secured On ALL SUMS DUE, OR TO
BECOME DUE
Details PENTHOUSE 73, GARAGE 50 AND
PARKING SPACE 11 CAVENDISH HOUSE 21/41 WELLINGTON ROAD ST. JOHNS WOOD LONDON N
W 8
Satisfied? No
Public Record Information
Summary of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
Activities Sale of precious stones. - -
Sic Code Description
5147 Wholesale of other household goods
Auditors J AND J M RENNIE
Auditors Notes No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified
with no referrals) on the accounts for the period ended 05/04/2006.
Bankers -
Financial Data
PROFIT AND LOSS
The following figures
are shown in units of GBP '000
|
Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
05/04/2006 |
05/04/2005 |
05/04/2004 |
05/04/2003 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Consolidated? |
No |
No |
No |
No |
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Depreciation |
11 |
- |
- |
- |
BALANCE SHEET
The following figures
are shown in units of GBP '000
|
Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
05/04/2006 |
05/04/2005 |
05/04/2004 |
05/04/2003 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
429 |
435 |
446 |
444 |
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Tangible Assets |
429 |
435 |
446 |
444 |
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Fixed Assets |
429 |
435 |
446 |
444 |
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TOTAL CURRENT ASSETS |
1,442 |
1,059 |
1,110 |
959 |
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Total Debtors |
608 |
546 |
536 |
504 |
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Stocks/WIP |
470 |
419 |
444 |
455 |
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Cash |
365 |
95 |
131 |
0 |
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TOTAL ASSETS |
1,871 |
1,494 |
1,556 |
1,403 |
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TOTAL CURRENT LIABILITIES |
510 |
251 |
423 |
342 |
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Short Term Loans |
- |
- |
- |
55 |
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Bank Overdraft |
- |
- |
55 |
5 |
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Other Current Liabilities |
510 |
251 |
368 |
282 |
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WORKING CAPITAL |
932 |
808 |
687 |
617 |
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TOTAL LONG TERM LIABS |
364 |
315 |
280 |
229 |
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Long Term Loans |
- |
- |
277 |
0 |
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Other Liabilities |
363 |
314 |
0 |
0 |
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Director Loans |
- |
- |
0 |
227 |
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Total Provisions |
1 |
1 |
2 |
2 |
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NET ASSETS/(LIABILITIES) |
997 |
928 |
853 |
832 |
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SHARE CAPITAL + RESERVES |
997 |
928 |
853 |
832 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Profit and Loss account |
997 |
928 |
853 |
832 |
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SHAREHOLDERS FUNDS |
997 |
928 |
853 |
832 |
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CAPITAL EMPLOYED |
1,361 |
1,243 |
1,133 |
1,061 |
KEY CREDIT RATIOS
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Accounts Date |
05/04/2006 |
05/04/2005 |
05/04/2004 |
05/04/2003 |
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Current Ratio |
2.83 |
4.22 |
2.63 |
2.81 |
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Long Term Debt/T.N.W (%) |
36.46 |
33.80 |
32.52 |
27.32 |
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Quick Ratio |
1.91 |
2.55 |
1.58 |
1.47 |
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T.N.W/Total Assets |
53.26 |
62.14 |
54.85 |
59.29 |
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Borrowing Ratio |
- |
- |
38.97 |
34.53 |
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Equity Gearing |
53.26 |
62.14 |
54.85 |
59.29 |
FINANCIAL COMPARISON
The following figures
are shown in units of GBP '000
|
Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
05/04/2006 |
05/04/2005 |
05/04/2004 |
05/04/2003 |
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Currency |
GBP '000 |
GBP '000 |
GBP '000 |
GBP '000 |
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Other Deferred Liabs |
363 |
314 |
0 |
0 |
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Tangible Net Worth(T.N.W) |
997 |
928 |
853 |
832 |
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Equity |
997 |
928 |
853 |
832 |
KEY INDUSTRY SECTOR
TRENDS
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Company |
Industry Averages |
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05/04/2006 |
Lower |
Median |
Upper |
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Current Ratio |
2.83 |
1 |
1.3 |
2.2 |
This comparison is based on the results of 0002554 companies in
the same industrial sector:
Financial Summary
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Working Capital |
The company's working capital improved in the period by 15% |
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Tangible Net Worth |
Net worth increased by 68,265 during the period and now stands
at GBP 996,757 |
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Fixed Assets |
The subjects fixed assets reduced during the period by
GBP 6,039 to GBP 429,291 and are now 23% of total assets compared
with 29% in the previous period |
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Long Term Liabilities |
The company's long term liabilities increased during the period
by 16% and are now 37% of net worth compared with 34% in the previous period |
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Long Term Liabilities |
Long term liabilities are now 19% of total assets compared with
21% in the previous period |
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Long Term Liabilities |
Long term liabilities are 27% of capital employed an increase of
1% over the previous 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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