MIRA
INFORM REPORT
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Report Date : |
19.12.2008 |
IDENTIFICATION
DETAILS
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Correct Name : |
CREW DEVELOPMENT LIMITED |
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Registered Office : |
Abbey House, Wellington Way, Weybridge, Surrey KT13 0TT |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
29.01.2003 |
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Legal Form : |
Private Limited with Share
Capital |
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Line of Business : |
Management of Mining and Exploration Projects for Gold and Other Metals
and Minerals |
RATING &
COMMENTS
|
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 : |
[£] 60,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
CREW DEVELOPMENT LIMITED
Number 04651294
company summary
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Phone |
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Type |
Private limited with Share
Capital |
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Address |
ABBEY HOUSE, |
Company Status |
Active - Accounts Filed |
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Postcode |
KT13 0TT |
Incorporated Date |
29/01/2003 |
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Todays
Limit [£] 60,000
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Active CCJ's |
0 |
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Value of CCJ's [£] |
£0 |
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Number Of Writs |
0 |
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Current Directors |
3 |
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Total Directorships |
3 |
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Trading to Date |
31/12/07 |
31/12/06 |
30/06/06 |
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Turnover |
£1,939,548 |
£1,223,952 |
£1,393,009 |
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Shareholder Funds |
£2,127,352 |
£2,086,643 |
£2,050,356 |
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Employees |
14 |
14 |
11 |
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Trends |
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Profitability |
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Liquidity |
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Shareholders Funds |
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company information
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Registered Address |
Trading Address |
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Telephone Number |
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Telephone Number |
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TPS |
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TPS |
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Address |
Address |
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ABBEY HOUSE |
Abbey House |
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Web Address |
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Incorporation Date |
29/01/2003 |
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Type of Accounts |
Full Accounts |
Filing Date of Accounts |
17/10/2008 |
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Company Type |
Private Limited With Share Capital |
Date of Latest Accounts |
31/12/2007 |
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Annual Return |
29/01/2008 |
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Industry: |
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The management of mining and exploration projects for gold and other
metals and minerals. |
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SIC Code |
Description |
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7487 |
Other Business Activities |
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Mortgage Charges |
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Outstanding |
0 |
Satisfied |
0 |
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Shareholders |
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Share Capital |
2000000 |
Currency |
Gbp |
Secondary Industry Code Details
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SIC Code |
Description |
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7487 |
Other Business Activities |
Shareholders Details
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Name |
Shares |
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Crew Gold Corporation |
2,000,000 Ordinary Gbp 1.00 |
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Address |
Telephone Number |
TCPS |
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Abbey House Wellington Way Weybridge KT13 0TT |
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accounts
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Annual Accounts |
01/07-12/07 |
Change (%) |
07/06-12/06 |
Change (%) |
07/05-06/06 |
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Months |
12 |
- |
6 |
- |
12 |
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Currency |
GBP |
- |
GBP |
- |
GBP |
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Consolidated A/cs |
N |
- |
N |
- |
N |
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Turnover |
1,939,548 |
58.5 % |
1,223,952 |
-12.1 % |
1,393,009 |
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Export |
1,939,548 |
58.5 % |
1,223,952 |
-12.1 % |
1,393,009 |
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Cost of Sales |
- |
- |
- |
- |
- |
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Gross Profit |
1,939,548 |
- |
- |
- |
- |
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Wages & Salaries |
1,836,120 |
137.9 % |
771,806 |
-28.2 % |
1,074,572 |
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Directors Emoluments |
- |
- |
- |
- |
- |
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Operating Profits |
-139,577 |
-117.7 % |
-64,109 |
85.5 % |
-441,374 |
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Depreciation |
25,522 |
128.5 % |
11,167 |
-23.8 % |
14,655 |
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Audit Fees |
14,500 |
20.8 % |
12,000 |
50.0 % |
8,000 |
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Interest Payments |
- |
- |
- |
-100.0 % |
464 |
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Pre Tax Profit |
47,305 |
58.5 % |
29,852 |
-29.2 % |
42,156 |
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Taxation |
-6,596 |
-202.5 % |
6,435 |
187.4 % |
-7,363 |
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Profit After Tax |
40,709 |
12.2 % |
36,287 |
4.3 % |
34,793 |
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Dividends Payable |
- |
- |
- |
- |
- |
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Retained Profits |
40,709 |
12.2 % |
36,287 |
4.3 % |
34,793 |
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Annual Accounts |
01/07-12/07 |
Change (%) |
07/06-12/06 |
Change (%) |
07/05-06/06 |
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Tangible Assets |
28,136 |
-37.1 % |
44,764 |
5.9 % |
42,254 |
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Intangible Assets |
- |
- |
- |
- |
- |
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Total Fixed Assets |
28,136 |
-37.1 % |
44,764 |
5.9 % |
42,254 |
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Total Current Assets |
8,801,648 |
18.6 % |
7,421,912 |
18.0 % |
6,290,929 |
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Trade Debtors |
- |
- |
- |
- |
- |
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Stocks & WIP |
- |
- |
- |
- |
- |
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Cash |
41,957 |
-82.0 % |
233,332 |
-39.9 % |
388,491 |
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Other Debtors |
8,759,691 |
21.9 % |
7,188,580 |
21.8 % |
5,902,438 |
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Increase In Cash |
-191,375 |
-23.3 % |
-155,159 |
-176.6 % |
202,675 |
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Miscellaneous Current
Assets |
- |
- |
- |
- |
- |
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Total Assets |
8,829,784 |
18.3 % |
7,466,676 |
17.9 % |
6,333,183 |
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Total Current Liabilities |
793,891 |
9.4 % |
725,594 |
6.4 % |
682,163 |
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Trade Creditors |
533,523 |
18.1 % |
451,882 |
65.8 % |
272,582 |
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Bank Loans &
Overdrafts |
- |
- |
- |
- |
- |
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Other Short Term Fin |
78,462 |
- |
- |
-100.0 % |
69,625 |
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Miscellaneous Current
Liabilities |
181,906 |
-33.5 % |
273,712 |
-19.5 % |
339,956 |
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Other Long Term Fin |
5,908,541 |
26.9 % |
4,654,439 |
29.3 % |
3,600,664 |
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Total Long Term
Liabilities |
5,908,541 |
26.9 % |
4,654,439 |
29.3 % |
3,600,664 |
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Bank Loans &
Overdrafts & LTL |
5,908,541 |
26.9 % |
4,654,439 |
29.3 % |
3,600,664 |
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Total Liabilities |
6,702,432 |
24.6 % |
5,380,033 |
25.6 % |
4,282,827 |
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Net Assets |
2,127,352 |
2.0 % |
2,086,643 |
1.8 % |
2,050,356 |
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Working Capital |
8,007,757 |
19.6 % |
6,696,318 |
19.4 % |
5,608,766 |
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Annual Accounts |
01/07-12/07 |
Change (%) |
07/06-12/06 |
Change (%) |
07/05-06/06 |
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Called up Share Capital |
2,000,000 |
- |
2,000,000 |
- |
2,000,000 |
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P&L Account Reserve |
127,352 |
47.0 % |
86,643 |
72.1 % |
50,356 |
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Sundry Reserves |
- |
- |
- |
- |
- |
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Revaluation Reserve |
- |
- |
- |
- |
- |
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Shareholder Funds |
2,127,352 |
2.0 % |
2,086,643 |
1.8 % |
2,050,356 |
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Net Worth |
2,127,352 |
2.0 % |
2,086,643 |
1.8 % |
2,050,356 |
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Annual Accounts |
01/07-12/07 |
Change (%) |
07/06-12/06 |
Change (%) |
07/05-06/06 |
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Net Cashflow from
Operations |
- |
- |
- |
- |
- |
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Net Cashflow before
Financing |
- |
- |
- |
- |
- |
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Net Cashflow from
Financing |
- |
- |
- |
- |
- |
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Contingent Liability |
NO |
- |
NO |
- |
NO |
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Capital Employed |
8,035,893 |
19.2 % |
6,741,082 |
19.3 % |
5,651,020 |
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No of Employees |
14 |
- |
14 |
27.3 % |
11 |
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Auditors |
PRICEWATERHOUSECOOPERS LLP |
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AuditQualification |
No Adverse Comments |
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Bankers |
LLOYDS TSB BANK PLC |
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BankBranchCode |
30-99-55 |
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Annual Accounts |
01/07-12/07 |
07/06-12/06 |
07/05-06/06 |
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Pre-tax profit margin % |
2.4 % |
2.4 % |
3.0 % |
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Current ratio |
11.09 |
10.23 |
9.22 |
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Sales/Net Working Capital |
0.24 |
0.18 |
0.25 |
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Gearing % |
277.7 % |
223.1 % |
175.6 % |
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Equity in % |
24.1 % |
27.9 % |
32.4 % |
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Creditor Days |
100.13 |
67.19 |
71.42 |
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Debtor Days |
- |
- |
0.00 |
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Liquidity/Acid Test |
11.09 |
10.23 |
9.22 |
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Return On Capital Employed
% |
0.6 % |
0.4 % |
0.8 % |
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Return On Total Assets
Employed % |
0.5 % |
0.4 % |
0.7 % |
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Current Debt Ratio % |
0.4 % |
0.3 % |
0.3 % |
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Total Debt Ratio % |
3.2 % |
2.6 % |
2.1 % |
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Stock Turnover Ratio % |
- |
- |
0.0 % |
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Return on Net Assets
Employed % |
2.2 % |
1.4 % |
2.1 % |
group structure
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Ultimate Parent Company |
CREW GOLD CORPORATION |
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Companies in Group |
2 |
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Company Name |
Registered Number |
Latest Annual Accounts |
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CREW GOLD CORPORATION |
CANADA |
N/A |
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CREW DEVELOPMENT LIMITED<<< |
04651294 |
31/12/2007 |
Status
History
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Date |
Description |
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No Status History |
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Event History
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Date |
Description |
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23/10/2008 |
New Accounts Filed |
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07/04/2008 |
Annual Returns |
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12/11/2007 |
New Accounts Filed |
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19/09/2006 |
New Accounts Filed |
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17/07/2006 |
Richard Isonandrews Has Resigned As Company Secretary |
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10/11/2005 |
New Accounts Filed |
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01/03/2005 |
New Accounts Filed |
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10/02/2005 |
Annual Returns |
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22/03/2004 |
Parent Company And Ultimate Parent |
directors
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Name |
Gareth Hawkridge Roberts |
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Address |
2 Old School Cottages Springfield Meadows |
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Weybridge |
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Surrey |
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U.k. |
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KT13 8AJ |
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Officers Title |
Mr |
Date Of Birth |
09/07/1959 |
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Honours |
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Present Appointments |
1 |
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Appointment Date |
28/12/2007 |
Function |
Director |
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Name |
Rory James Taylor |
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Address |
210 Stephendale Road |
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London |
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SW6 2PP |
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Officers Title |
Mr |
Date Of Birth |
15/11/1973 |
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Honours |
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Present Appointments |
2 |
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Appointment Date |
13/07/2006 |
Function |
Company Secretary |
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Name |
Rory James Taylor |
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Address |
210 Stephendale Road |
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London |
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SW6 2PP |
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Officers Title |
Mr |
Date Of Birth |
15/11/1973 |
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Honours |
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Present Appointments |
2 |
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Appointment Date |
30/12/2007 |
Function |
Director |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
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UK Pound |
1 |
Rs.71.17 |
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Euro |
1 |
Rs.66.98 |
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<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%)