MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
MIDLAND
INDUSTRIES LIMITED |
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Registered Office : |
P O Box 646 Havelet
House, 181 South Esplanade, St Peter Port, Guernsey, GY1 2BH |
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Country : |
Guernsey |
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Date of Incorporation : |
15/10/1999 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Manufacturers of steel. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Identification Details
Subject Reported
on MIDLAND INDUSTRIES
LIMITED
Address PO BOX 646 HAVELET HOUSE, 181 SOUTH ESPLANADE, ST
PETER PORT,
GUERNSEY,
GY1 2BH.
Telephone 01481 725 044
Credit Recommendations
Monthly Credit
Guide GBP 2,500
Risk Category HIGH
RISK
Credit Risk
Assessment
All figures enter are in GBP.
The monthly credit recommended is 2500
XSeption Summary
Number of
XSeptions 0
Note : An 'XSeption' is only recorded when
unusual patterns of behavior or financial results have been identified.
Business Data
Business Type See Report
Business Number GR610385
Known Since 15/10/1999
History 2002 : The Registered Office address
changed from St Georges Hse, St Georges
Pl, St Peter Port.
12/2001 : The
Registered Office address changed from PO Box 646, Grangehurst,
The Grange, Guernsey.
2001 : The
Registered Office address changed from Mayfield Hse, Grand Rue, St
Martins, Guernsey.
Operations
Activities Manufacturers of
steel.
Nace Code 2626
Premises Leased, Offices,
Factory
Staff Employed 20
Import Countries No Import Activity
Export Countries No Export Activity
Historical Rating
Date Monthly
Credit Guide
04/04/2007 2,500
04/01/2007 2,500
04/10/2006 2,500
04/07/2006 2,500
04/04/2006 2,500
Public Record
Information
Summary of CCJ's/Scottish Decrees
No
CCJs/Scottish Decrees are recorded in our file.
Known Owners/Managers
Director MR JOHN EVETT
Director MR ALEX SOKOLOVSKY
Director MR DEREK ROE
Director MR YURIY SUKIYASOV
Director MR MARTIN PRYOR
Director MR ALEXANDER SHNAIDER
Director MR CHRISTIAN BOERNER
Share Capital
Shares Ordinary GBP 1.00
each
Issued Number 12
Nominal Number 10,000
Principal
Shareholder 6 Alesio Universal SA, a company incorporated
in SOUTH AFRICA
4 Trestle
Business SA
2 Midland
Resources Holding Limited
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 )
General Information
20/07/2005
The subject is a Guernsey
registered Limited Company (Reg 35880) and therefore do not file annual accounts/annual
returns at Companies House. The subjects registered office address is: 181
South Esplanade, St Peter Port, Guernsey, GY1 1AN.
Financial Data
The
organisation is not legally obliged to make available financial information for
public inspection.
Key Industry Sector
Trends
Year 2006 2005 2004 2003
Sample Size 167 398 415 369
Pre-Tax Profit
Margin (0.3) 3.2 2.8
Current Ratio 1.5 1.6 1.4 1.5
Borrowing Ratio 1.2 33.6 36.7 52.7
Return on Capital 32.9 17.9 18 17.7
Creditors Days 37 35 45 53
Above figures
relate to companies in 1992 Standard Industry Classification (Nace) sector :
Manufacture of non-refractory ceramic goods other than for construction
purposes
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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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)