MIRA
INFORM REPORT
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Report Date : |
19.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
JONES STEEL LIMITED |
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Registered Office : |
Po Box 66, 4 St Peters Street, Huddersfield, HD1 1YQ |
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Country : |
United Kingdom |
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Financials (as on) : |
31.08.2007 |
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Date of Incorporation : |
05.08.1994 |
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Com. Reg. No.: |
02956139 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Metal Dealers |
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 10,700 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
JONES STEEL LIMITED |
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Trading Address |
PO Box 66,Huddersfield,HD1 1YQ |
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Telephone |
01484-513888 |
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Average Risk - This company has an average risk status and should be
treated with a degree of caution |
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Credit Limit |
GBP 10,700 |
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Selling to this company? The Credit Limit is the recommended maximum
outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 75,000 |
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Buying from this company? The Contract Limit is the recommended aggregate
annual value for supply contracts. |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
02956139 |
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Date of Incorporation |
05/08/1994 |
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Registered Office |
Po Box 66, 4 St Peters Street, Huddersfield, HD1 1YQ |
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Date of Last Annual Return to Registry |
05/08/2007 |
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Activities |
Metal dealers |
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Accounts |
The last filed accounts cover the period to 31/08/2007 and were filed
on 26/11/2007 |
Recently Filed Documents
Details of the
most recent documents
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Date Received |
Description |
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05/08/2007 |
Annual Return |
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31/08/2007 |
Financial Statement / Set of Accounts |
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It should be noted that there is no legal requirement to file satisfaction
details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
18, WOODLEA AVENUE LINDLEY , HUDDERSFIELD
, HD3 4EF |
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Country of Origin |
BRITISH |
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Date of Birth |
15/08/1946 |
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Appointment Date |
05/08/1994 |
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Other Appointments |
JONES (ELECTRICAL) LIMITED, JONES SHIPPING LTD, JONES STEEL
LIMITED, MST STEEL DEMOLITION LTD, YORKSHIRE STEEL EXPORT LIMITED |
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SECRETARY |
MS SALINA YILDIZ |
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Address |
11 THE CLOSE, , LEEDS , WEST YORKSHIRE , LS14 3EF |
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Country of Origin |
BRITISH |
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Date of Birth |
21/05/1973 |
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Appointment Date |
06/02/2005 |
Recently Resigned Directors (last
3)
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None |
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Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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C O H Jones |
ORD |
2 |
2.00 |
100.00 |
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Mortgages and Charges
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Total Registered |
1 |
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Total Outstanding |
1 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
04/12/2001 |
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Date Registered |
07/12/2001 |
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Type |
395 |
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Date Created |
04/12/2001 |
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Lender |
CHARLES OSMOND HENRY JONES |
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Secured On |
67,578.84 AND ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE |
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Details |
. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
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Satisfied? |
No |
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Public Record Information
Summary of
CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
Metal dealers |
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Sic Code |
Description |
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5152 |
Wholesale of metals and metal ores |
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Staff Employed |
5 |
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Auditors |
Rogers & Co |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
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Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
14 |
25 |
21 |
21 |
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Total Fixed Assets |
14 |
25 |
21 |
21 |
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TOTAL CURRENT ASSETS |
657 |
234 |
122 |
109 |
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Stocks |
240 |
154 |
11 |
3 |
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Trade Debtors |
330 |
48 |
75 |
106 |
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Cash |
87 |
32 |
36 |
0 |
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TOTAL ASSETS |
671 |
259 |
142 |
130 |
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TOTAL CURRENT LIABILITIES |
536 |
177 |
131 |
183 |
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Other Current Liabilities |
536 |
177 |
131 |
183 |
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WORKING CAPITAL |
121 |
57 |
-9 |
-74 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
135 |
82 |
12 |
-53 |
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SHARE CAPITAL + RESERVES |
135 |
82 |
12 |
-53 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Profit and Loss account |
135 |
82 |
12 |
-53 |
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SHAREHOLDERS FUNDS |
135 |
82 |
12 |
-53 |
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CAPITAL EMPLOYED |
135 |
82 |
12 |
-53 |
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TANGIBLE NET WORTH |
135 |
82 |
12 |
-53 |
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Key Credit Ratios
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Accounts Date |
31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Current Ratio |
1.23 |
1.32 |
0.93 |
0.60 |
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Quick Ratio |
0.78 |
0.45 |
0.85 |
0.58 |
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T.N.W/Total Assets |
0.20 |
0.32 |
0.08 |
-0.41 |
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Solvency (%) |
397.04 |
215.85 |
1091.67 |
-345.28 |
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Financial Summary
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Working Capital |
The company's working capital improved in the period by 112% |
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Tangible Net
Worth |
Net worth increased by 53,000 during the period and now stands at GBP
135,000 |
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Fixed Assets |
The subjects fixed assets reduced during the period by GBP
11,000 to GBP 14,000 and are now 2% of total assets compared with
10% in 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. |
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%)