MIRA
INFORM REPORT
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Report Date : |
19.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
STRATTON METAL RESOURCES LIMITED |
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Registered Office : |
400 Capability Green, Luton, Bedfordshire, LU1 3AE |
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Country : |
United kingdom |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
04.10.2002 |
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Com. Reg. No.: |
04554391 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Management Service Company for Stratton Metals Ltd |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
GBP 313,100 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
STRATTON METAL RESOURCES LIMITED |
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Trading Address |
31/32 Eastcastle St,LONDON,W1W 8DN |
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Telephone |
020-7462-9741 |
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Very Low Risk - There is every confidence this company
will prove good for the assigned Credit Limit |
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Credit Limit |
GBP 313,100 |
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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 1,301,100 |
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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 |
04554391 |
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Date of Incorporation |
04/10/2002 |
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Registered Office |
400 Capability Green, Luton, Bedfordshire, LU1 3AE |
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Date of Last Annual Return to
Registry |
04/10/2007 |
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Activities |
Management Service Company for Stratton Metals Ltd,
registered in Gibraltor Reg: 87407. |
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Accounts |
The last filed accounts cover the period to 31/12/2006 and
were filed on 28/08/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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04/10/2007 |
Annual Return |
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31/12/2006 |
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 |
DIRECTOR |
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Address |
53, ERSKINE HILL , LONDON , NW11 6EY |
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Country of Origin |
BRITISH |
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Date of Birth |
07/05/1965 |
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Appointment Date |
04/10/2002 |
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Other Appointments |
STRATTON METAL RESOURCES LIMITED |
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SECRETARY |
MS MONIKA MICHALSKA |
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Address |
53 ERSKINE HILL, , LONDON , NW11 6EY |
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Country of Origin |
POLISH |
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Date of Birth |
22/08/1967 |
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Appointment Date |
03/03/2003 |
Recently Resigned Directors (last
3)
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DIRECTOR |
MARTIN NEAL KAUFMAN |
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Occupation |
DIRECTOR |
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Address |
767 , FIFTH AVENUE , NEW YORK , AMERICA
, - - |
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Country of Origin |
AMERICAN |
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Date of Birth |
12/08/1953 |
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Resignation Date |
03/03/2003 |
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DIRECTOR |
L C I DIRECTORS LIMITED - |
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Address |
60 , TABERNACLE STREET , LONDON , - - |
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Resignation Date |
04/10/2002 |
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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Mr Keith Spencer Gerard Dunleavy |
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 |
10/10/2003 |
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Date Registered |
14/10/2003 |
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Type |
395 |
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Date Created |
10/10/2003 |
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Lender |
SHELANA INVESTMENTS LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
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Details |
THE DEPOSIT SUM OF 19,351.50 AS SECURED BY AND REFERRED TO
IN THE SAID DEED OF RENT DEPOSIT |
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Satisfied? |
No |
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 |
Management Service Company for Stratton Metals Ltd, registered
in Gibraltor Reg: 87407. |
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Sic Code |
Description |
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7484 |
Other business activities not elsewhere classified |
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Staff Employed |
7 |
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Auditors |
Ernst & Young LLP |
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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 |
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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SALES |
2,422 |
1,083 |
849 |
933 |
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Cost of goods sold |
0 |
0 |
0 |
0 |
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GROSS PROFIT |
2,422 |
1,083 |
849 |
933 |
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General administration costs (-) |
1,007 |
1,078 |
829 |
736 |
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Wages and Salaries |
787 |
753 |
588 |
525 |
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Net Operating Profit(Loss) |
1,415 |
5 |
20 |
197 |
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Total Non Trading Income |
0 |
2 |
4 |
1 |
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Financial Expenses |
0 |
0 |
0 |
1 |
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PRE TAX PROFIT |
1,415 |
7 |
24 |
197 |
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Other Taxation |
0 |
-3 |
-15 |
-18 |
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Taxation |
428 |
0 |
0 |
80 |
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PROFIT AFTER TAX |
987 |
10 |
39 |
135 |
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Net Profit |
987 |
10 |
39 |
135 |
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Dividends Payable |
0 |
0 |
0 |
0 |
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RETAINED PROFITS |
987 |
10 |
39 |
135 |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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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 |
0 |
0 |
0 |
0 |
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TOTAL CURRENT ASSETS |
1,724 |
255 |
228 |
305 |
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Trade Debtors |
1,664 |
200 |
140 |
245 |
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Other Receivables |
12 |
37 |
28 |
13 |
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Prepaid expenses |
31 |
- |
34 |
20 |
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Cash |
12 |
10 |
21 |
9 |
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Tax Recoverable |
5 |
8 |
5 |
18 |
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TOTAL ASSETS |
1,724 |
255 |
228 |
305 |
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TOTAL CURRENT LIABILITIES |
553 |
71 |
54 |
170 |
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Taxes |
530 |
23 |
28 |
110 |
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Other Current Liabilities |
23 |
48 |
- |
60 |
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WORKING CAPITAL |
1,171 |
184 |
174 |
135 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
1,171 |
184 |
174 |
135 |
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SHARE CAPITAL + RESERVES |
1,171 |
184 |
174 |
135 |
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Profit and Loss account |
1,171 |
184 |
174 |
135 |
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SHAREHOLDERS FUNDS |
1,171 |
184 |
174 |
135 |
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CAPITAL EMPLOYED |
1,171 |
184 |
174 |
135 |
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TANGIBLE NET WORTH |
1,171 |
184 |
174 |
135 |
Key
Credit Ratios
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Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
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Current Ratio |
3.12 |
3.59 |
4.22 |
1.79 |
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Profit Before Tax |
0.58 |
0.01 |
0.03 |
0.21 |
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Quick Ratio |
- |
- |
- |
- |
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T.N.W/Total Assets |
0.68 |
0.72 |
0.76 |
0.44 |
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Return on Capital |
120.84 |
3.80 |
13.79 |
145.93 |
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Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
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Solvency (%) |
47.22 |
38.59 |
31.03 |
125.93 |
Financial Summary
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Turnover |
Turnover increased by more than 124% in the period.
Turnover totalled GBP 2,422,000 for the period. |
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Operating Profit |
Totalled GBP 1,415,000 In the period prior a profit
of GBP 5,000 was achieved. |
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Pre Tax |
The subject made a profit of GBP 1,415,000 compared
with a profit of GBP 7,000 in the previous period. |
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Working Capital |
The company's working capital improved in the period by
536% |
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Tangible Net Worth |
Net worth increased by 987,000 during the period and now
stands at GBP 1,171,000 |
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%)