MIRA
INFORM REPORT
|
Report Date : |
04.01.2008 |
IDENTIFICATION
DETAILS
|
Name : |
AALCO METALS LIMITED |
|
|
|
|
Registered Office : |
Hersham Centre, Hersham Grn, Hersham Surrey KT12 4HP |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
23.04.2007 |
|
|
|
|
Com. Reg. No.: |
03551533 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Metal Stockbrokers |
RATING & COMMENTS
|
MIRA’s Rating : |
A |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
GBP 11,327,200 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Company Identification Details
|
|
|
|
Subject Reported on |
AALCO METALS LIMITED |
|
Holding Company |
AMARI METALS LTD |
|
Ultimate Holding Company |
Henley Management Company |
|
Trading Address |
HERSHAM CENTRE, HERSHAM GRN,HERSHAM,WALTON-ON-THAMES,KT12 4HL |
|
|
|
|
Telephone |
01932-250100 |
|
|
|
|
|
|
Low Risk - There is a high degree of confidence this company will
prove good for the assigned Credit Limit |
|
|
|
|
|
|
Credit Limit |
GBP 11,327,200 |
|
|
|
Selling to this company? The Credit Limit is the recommended maximum outstanding
debtor exposure at any one time. |
|
|
|
|
|
|
Contract Limit |
GBP 96,779,000 |
|
|
|
Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
|
Official Company Data
|
|
|
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
03551533 |
|
Date of Incorporation |
23/04/1998 |
|
Registered Office |
Hersham Centre, Hersham Grn, Hersham Surrey KT12 4HP |
|
Date of Last Annual Return to Registry |
23/04/2007 |
|
Activities |
Metal stockbrokers |
|
Accounts |
The last filed accounts cover the period to 31/12/2006 and were filed
on 02/11/2007 |
Recently Filed Documents
Details
of the most recent documents
|
Date Received |
Description |
|
23/04/2007 |
Annual Return |
|
31/12/2006 |
Financial Statement / Set of Accounts |
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Known Directors
|
|
|
||
|
DIRECTOR |
|
||
|
Occupation |
CHARTERED ACCOUNTANT |
||
|
Address |
THE TEKEL 6, PYRFORD WOODS CLOSE PYRFORD , WOKING
, SURREY , GU22 8QN |
||
|
Date of Birth |
07/06/1957 |
||
|
Appointment Date |
31/12/2000 |
||
|
Other Appointments |
AALCO METALS (DORMANT) LIMITED, AALCO
METALS LIMITED, AMARI AEROSPACE LIMITED, AMARI LEASEHOLD
LIMITED, AMARI METALS DC PENSION TRUSTEES LIMITED, AMARI METALS
LIMITED, AMARI METALS PENSION TRUSTEES LIMITED, AMARI SHARE TRUSTEES
LIMITED, BLACKBURNS METALS DC PENSION TRUSTEES LIMITED, BLACKBURNS
METALS LIMITED, CASHMORES METALS LIMITED, DURBIN METAL INDUSTRIES
LIMITED, EQUINOX INTERNATIONAL LIMITED, EQUINOX SPECIAL STEELS
LIMITED, EUROPEAN METAL PRODUCTS LIMITED, GOULD ALLOYS LTD, JM
DURBIN LIMITED, LASER PROFILES LIMITED, PERKINS HAULAGE
LIMITED, PLYMOUTH METALS MELTING LIMITED |
||
|
DIRECTOR |
|
||
|
Occupation |
ACCOUNTANT |
||
|
Address |
555, SKOKIE BOULEVARD SUITE 555, NORTHBROOK , IL , USA
, 60 062 |
||
|
Date of Birth |
23/09/1962 |
||
|
Appointment Date |
13/09/2004 |
||
|
Other Appointments |
AAL REALISATIONS LIMITED, AALCO METALS LIMITED, AALCO METALS
MANAGEMENT COMPANY LIMITED, AMARI METALS DC PENSION TRUSTEES
LIMITED, AMARI METALS LIMITED, AMARI METALS PENSION TRUSTEES
LIMITED, AMARI SHARE TRUSTEES LIMITED, BLACKBURNS METALS DC PENSION
TRUSTEES LIMITED, BLACKBURNS METALS LIMITED, EQUINOX SPECIAL STEELS
LIMITED, EUROPEAN METAL PRODUCTS LIMITED, LCFC
LIMITED, PRIVATE PAYROLL LIMITED, ROLLED ALLOYS (UK)
LTD, ROLLED ALLOYS INTERNATIONAL, LTD, UK PLANT PENSION TRUSTEES
LIMITED, UK PLANT PENSION TRUSTEES LIMITED |
||
|
DIRECTOR |
|
||
|
Occupation |
|
||
|
Address |
555, SKOKIE BOULEVARD NORTHBROOK, SUITE 410 , ILLINOIS
, USA , 60 062 |
||
|
Country of Origin |
AMERICAN |
||
|
Date of Birth |
28/01/1943 |
||
|
Appointment Date |
22/03/2004 |
||
|
Other Appointments |
AALCO METALS LIMITED, AALCO METALS
MANAGEMENT COMPANY LIMITED, ACORN NOMINEES LIMITED, AMARI METALS
LIMITED, HEXSTONE HOLDINGS LIMITED, JAYLEM LIMITED, MARLOWE
HOLDINGS LIMITED, NEWBURY INVESTMENTS (UK) LIMITED, PRIVATE PAYROLL
LIMITED, U.K. ELECTRIC LIMITED, UK PLANT PENSION TRUSTEES LIMITED |
||
|
SECRETARY |
MR COLIN FAIRMAN |
||
|
Address |
27 ORCHARD DRIVE, , EDENBRIDGE , KENT , TN8 5ES |
||
|
Country of Origin |
BRITISH |
||
|
Date of Birth |
24/06/1945 |
||
|
Appointment Date |
18/06/1998 |
Recently Resigned Directors (last
3)
|
|
|
|
DIRECTOR |
PETER BURKE |
|
Occupation |
MANAGING DIRECTOR |
|
Address |
9 , MANOR ROAD , ASHFORD , MIDDX , - - |
|
Country of Origin |
BRITISH |
|
Date of Birth |
31/12/1951 |
|
Resignation Date |
20/03/2004 |
|
DIRECTOR |
WILLIAM SONES WOOF |
|
Occupation |
SOLICITOR |
|
Address |
FAIRWAYS , NORTH ROAD , ALTRINCHAM , CHESHIRE
, - - |
|
Date of Birth |
09/05/1951 |
|
Resignation Date |
31/07/2002 |
|
DIRECTOR |
ROBERT P LAHRE |
|
Occupation |
EXECUTIVE |
|
Address |
139 , CAROLYN DRIVE N , GEORGIA 31024 , USA
, - - |
|
Country of Origin |
AMERICAN |
|
Date of Birth |
29/01/1937 |
|
Resignation Date |
31/07/2002 |
Share Summary
|
Share Currency: |
GBP |
||||||||
|
|
|||||||||
|
Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
|
|
|
|
|
|
AMARI METALS LTD |
ORD |
2 |
2.00 |
100.00 |
|
|
|
|
|
Mortgages and Charges
|
|
|
|
Total Registered |
6 |
|
Total Outstanding |
6 |
|
Total Satisfied |
0 |
|
Most Recent Mortgage |
27/02/2002 |
|
|
|
|
|
|
|
Date Registered |
09/03/2002 |
|
Type |
395 |
|
Date Created |
27/02/2002 |
|
Lender |
AFRO EXPORTS LIMITED |
|
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 |
|
Details |
6,750.00 AND ALL INTEREST TO BE DEPOSITED IN A DEPOSIT ACCOUNT |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
12/06/1998 |
|
Type |
395 |
|
Date Created |
23/05/1998 |
|
Lender |
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION |
|
Secured On |
ALL MONIES OBLIGATIONS AND LIABILITIES DUE FROM UK STEELSTOCK LIMITED,
GLYNWED METAL SERVICES (HOLDINGS) LIMITED, GLYNWED METAL SERVICES LIMITED, AMARI
AEROSPACE LIMITED AND THE COMPANY TO THE CHARGEE UNDER THE FACILITIES
AGREEMENT AND THE DEBENTURE (BOTH AS THEREIN DEFINED) |
|
Details |
ALL SHARES HELD IN THE NOMINAL AMOUNT OF DM 2,000,000 IN GLYNWED METAL
GMBH BEING 100% OF THE STATED SHARE CAPITAL OF THE COMPANY AND ALL CURRENT
AND FUTURE SHARES AND ALL ANCILLARY RIGHTS AND CLAIMS WITH RESPECT TO THE
SHARES IN PARTICULAR ALL RIGHTS TO DIVIDENDS AND PROCEEDS THEREOF SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
12/06/1998 |
|
Type |
395 |
|
Date Created |
23/05/1998 |
|
Lender |
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION |
|
Secured On |
ALL THE PAYMENT OBLIGATIONS ASSUMED BY THE OBLIGORS (AS THEREIN DEFINED)
UNDER THE SECURED DOCUMENTS (AS THEREIN DEFINED) AND ALL SUMS DUE UNDER THE
DEBENTURE DATED 23 MAY 1998 |
|
Details |
79,450 BEARER SHARES OF THE COMPANY AALCO S.A WITH A PAR VALUE OF 2000
PESETAS EACH WHICH REPRESENT 99.94% OF THE SHARE CAPITAL OF THE COMPANY AND
ANY OTHER ASSET RIGHTS TITLES DIVIDENDS SECURITIES OR FUNDS IN RESPECT OF THE
SHARES SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
12/06/1998 |
|
Type |
395 |
|
Date Created |
23/05/1998 |
|
Lender |
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION |
|
Secured On |
ALL MONIES AND LIABILITIES DUE OR TO BECOME DUE FROM EACH OBLIGOR (AS
THEREIN DEFINED) TO THE CHARGEE UNDER OR PURSUANT TO THE FINANCE DOCUMENTS
(AS THEREIN DEFINED) |
|
Details |
A FIRST RANKING RIGHT OF PLEDGE OVER THE 205 REGISTERED SHARES IN THE
SHARE CAPITAL OF THE COMPANY EACH WITH A PAR VALUE OF DUTCH GILDERS NLG1,000
AND NY DIVIDEND RIGHTS OPTIONS WARRANTS CLAIM RIGHTS IN RESPECT OF THE SHARES
AND ANY RIGHT TO SUBSCRIBE FOR SHARE CAPITAL IN THE COMPANY SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
05/06/1998 |
|
Type |
395 |
|
Date Created |
23/05/1998 |
|
Lender |
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION |
|
Secured On |
ALL MONIES OBLIGATIONS AND LIABILITIES (WHETHER PRESENT OR FUTURE
ACTUAL OR CONTINGENT) ON THE PART OF THE BORROWER AND THE ASSIGNOR TO ANY
BENIFICIARY TO BE PAID PERFORMED OR DISCHARGED WHEETHER DIRECTLY OR
INDIRECTLY UNDER OR PURSUANT TO THE TERMS OF ANY OF THE FINANCE DOCUMENTS
ANDOR IN CONNECTION WITH THE LOAN FACILITY OR OTHER FINANCIAL ACCOMMODATION
FROM TIME TO TIME GRANTED OR OTHERWISE MADE PURSUANT THERETO (TOGETHER THE
"SECURED LIABILITIES") |
|
Details |
ALL RIGHTS TITLE AND INTEREST IN AND TO AN INDEMNITY PROVIDED AND
GIVEN BY GLYNWED INTERNATIONAL PLC TO THE ASSIGNOR UNDER AND PURSUANT TO THE
TERMS OF THE ACQUISITION |
|
Satisfied? |
No |
|
|
|
|
Date Registered |
05/06/1998 |
|
Type |
395 |
|
Date Created |
23/05/1998 |
|
Lender |
BANK OF AMERICA NATIONAL TRUST AND SAVINGS ASSOCIATION |
|
Secured On |
ALL MONIES OBLIGATIONS AND LIABILITIES (WHETHER PRESENT OR FUTURE
ACTUAL OR CONTINGENT) ON THE PART OF EACH OF THE PARENT THE COMPANIES AND ANY
SUBSIDIARY OF THE PARENT WHICH SUBSEQUENTLY BECOMES A PARTY TO THE DEBENTURE
PURSUANT TO ANY DEED SUPPLEMENTAL TO IT (EACH AN "OBLIGOR") TO ANY
OF THE BENEFICIARIES TO BE PAID PERFORMED OR DISCHARGED WHETHER DIRECTLY OR
INDIRECTLY UNDER OR PURSUANT TO THE TERMS OF ANY OF THE FINANCE DOCUMENTS
ANDOR IN CONNECTION WITH THE CREDIT FACILITY OR OTHER FINANCIAL ACCOMMODATION
FROM TIME TO TIME GRANTED OR OTHERWISE MADE PURSUANT THERETO TOGETHER WITH
ALL EXPENSES AND ANY INTEREST CHARGED UNDER THE TERMS OF THE DEBENTURE
(TOGETHER THE "SECURED OBLIGATIONS") |
|
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 |
|
Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
|
There are 1 exact unsatisfied CCJs totalling GBP 2678 in the last 72
months |
Details
of most recent CCJ's/Scottish Decrees
|
16/05/2003, a Judgment of "GBP" 2678 was made in IPSWICH
court (Case No. IP302099 ) against Amari Metals Ltd, The Hersham Centre,
Hersham Grn Hersham, Walton-On-Thames, Surrey, KT12 4HP |
Operations
|
|
|
|
Activities |
Metal stockbrokers |
|
Sic Code |
Description |
|
5152 |
Wholesale of metals and metal ores |
|
Staff Employed |
724 |
|
Auditors |
Grant Thornton UK LLP |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
287,492 |
219,259 |
208,392 |
167,191 |
|
Export Sales |
4,471 |
4,222 |
- |
2,618 |
|
Change in stocks of finished goods & in work in progress |
-20,367 |
383 |
-3,306 |
-2,736 |
|
Raw materials, consumables |
237,801 |
169,405 |
163,029 |
131,755 |
|
Cost of Goods Sold |
217,435 |
169,788 |
159,723 |
129,019 |
|
GROSS PROFIT |
70,058 |
49,471 |
48,669 |
38,172 |
|
Selling and Administration Expenses |
3,113 |
2,954 |
- |
3,050 |
|
Wages and Salaries |
31,395 |
22,440 |
22,051 |
18,123 |
|
Depreciation |
1,611 |
2,114 |
2,177 |
2,267 |
|
Other operating charges |
15,495 |
12,203 |
11,425 |
9,509 |
|
Net Operating Profit(Loss) |
18,444 |
9,760 |
10,071 |
5,223 |
|
Non Trading Income |
47 |
19 |
52 |
14 |
|
Total Non Trading Income |
47 |
19 |
1,339 |
14 |
|
Interest expenses & similar (-) |
1,502 |
1,978 |
2,181 |
2,016 |
|
Financial Expenses |
1,502 |
1,978 |
2,181 |
2,019 |
|
PRE TAX PROFIT |
16,989 |
7,800 |
9,229 |
3,218 |
|
Other Taxation |
-4 |
-17 |
-59 |
-131 |
|
Taxation |
5,143 |
2,116 |
2,431 |
689 |
|
PROFIT AFTER TAX |
11,850 |
5,701 |
6,857 |
2,660 |
|
Net Profit |
11,850 |
5,701 |
6,857 |
2,660 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
11,850 |
5,701 |
6,857 |
2,660 |
|
Balance Sheet
|
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
13,486 |
13,088 |
13,265 |
14,424 |
|
Plant, machinery & equipment |
5,171 |
4,773 |
4,964 |
6,123 |
|
Intermediate Assets |
8,315 |
8,315 |
8,301 |
8,301 |
|
TOTAL CURRENT ASSETS |
202,695 |
153,997 |
163,402 |
145,583 |
|
Stocks |
46,460 |
26,093 |
26,459 |
23,153 |
|
Trade Debtors |
60,125 |
40,173 |
39,861 |
36,928 |
|
Other Receivables |
1,570 |
104 |
471 |
219 |
|
Prepaid expenses |
2,189 |
1,585 |
1,221 |
1,383 |
|
Group Loans |
77,632 |
77,596 |
82,875 |
79,660 |
|
Cash |
13,531 |
7,260 |
11,347 |
3,130 |
|
Tax Recoverable |
1,189 |
1,185 |
1,169 |
1,110 |
|
TOTAL ASSETS |
216,181 |
167,086 |
176,666 |
160,007 |
|
TOTAL CURRENT LIABILITIES |
116,691 |
81,760 |
97,438 |
87,635 |
|
Trade Creditors |
75,490 |
46,672 |
50,135 |
40,607 |
|
Loans From Principals |
6,135 |
1,082 |
3,474 |
3,486 |
|
Taxes |
4,909 |
4,372 |
2,832 |
1,504 |
|
Other Current Liabilities |
13,130 |
6,796 |
7,186 |
4,396 |
|
Due From Group |
17,027 |
14,667 |
13,792 |
18,664 |
|
WORKING CAPITAL |
86,005 |
72,237 |
65,964 |
57,947 |
|
TOTAL LONG TERM LIABS |
2,712 |
397 |
0 |
0 |
|
Other Long Term Liabilities |
2,712 |
397 |
- |
- |
|
NET ASSETS/(LIABILITIES) |
99,491 |
85,326 |
79,228 |
72,371 |
|
SHARE CAPITAL + RESERVES |
96,779 |
84,929 |
79,228 |
72,371 |
|
Issued Share Capital |
131,500 |
131,500 |
131,500 |
131,500 |
|
Profit and Loss account |
-34,721 |
-46,571 |
-52,272 |
-59,129 |
|
SHAREHOLDERS FUNDS |
96,779 |
84,929 |
79,228 |
72,371 |
|
CAPITAL EMPLOYED |
99,491 |
85,326 |
79,228 |
72,371 |
|
TANGIBLE NET WORTH |
96,779 |
84,929 |
79,228 |
72,371 |
|
|
|
|
Key Credit Ratios
|
|
|
Accounts Date |
31/12/2006 |
31/12/2005 |
31/12/2004 |
31/12/2003 |
|
Current Ratio |
1.74 |
1.88 |
1.68 |
1.66 |
|
Profit Before Tax |
0.06 |
0.04 |
0.04 |
0.02 |
|
Creditors Days (D.P.O) |
126.72 |
100.33 |
114.57 |
114.88 |
|
Quick Ratio |
1.34 |
1.56 |
1.41 |
1.40 |
|
Return on Assets |
8.17 |
4.91 |
5.48 |
2.12 |
|
T.N.W/Total Assets |
0.45 |
0.51 |
0.45 |
0.45 |
|
Return on Capital |
17.08 |
9.14 |
11.65 |
4.45 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Equity Gearing |
0.36 |
2.14 |
- |
- |
|
Stock Turnover |
0.00 |
0.01 |
0.01 |
0.01 |
|
Solvency (%) |
123.38 |
96.74 |
122.98 |
121.09 |
|
|
|
|
Financial Summary
|
|
|
Turnover |
Turnover increased by more than 31% in the period. Turnover totalled
GBP 287,492,000 for the period. |
|
Operating Profit |
Totalled GBP 18,444,000 In the period prior a profit of GBP
9,760,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 16,989,000 compared with a
profit of GBP 7,800,000 in the previous period. |
|
Working Capital |
The company's working capital improved in the period by 19% |
|
Tangible Net Worth |
Net worth increased by 11,850,000 during the period and now stands at
GBP 96,779,000 |
|
Fixed Assets |
The subjects fixed assets increased during the period by GBP 398,000
to GBP 5,171,000 and are now 2% of total assets compared with 3% in the
previous period |
|
Long Term Liabilities |
The company's long term liabilities increased during the period by
583% and are now 3% of net worth compared with 0% in the previous period |
|
Long Term Liabilities |
Long term liabilities are now 1% of total assets compared with 0% in
the previous period |
LOCATIONS
Aalco Hull
Saxon Way
Priory Park West
Hessle
Hull
HU13 9PB
Aalco Swanley
Units 6 & 7
Pedham Place Industrial Estate
Wested Lane
Swanley
Kent
BR8 8TE
Aalco Southampton
Test Lane
Nursling
Southampton
SO16 9TA
Aalco Plymouth
Unit 1 Kestrel Park
Burrington Way
Plymouth
PL5 3LT
Aalco Slough
Unit 2
552 Fairlie Road
Slough Trading Estate
Slough
Berkshire
SL1 4PY
Aalco Chepstow
Avenue West
Newhouse Park Estate
Chepstow
Monmouthshire
NP16 6UD
Aalco Norwich
Roundtree Way
Mousehold Lane
Norwich
NR7 8SR
Aalco Nottingham
Harrimans Lane
Dunkirk
Nottingham
NG7 2SD
Aalco Birmingham
Shelah Road
Halesowen
West Midlands
B63 3PH
Aalco Dyfed
Units 3-4
Capel Hendre Industrial Estate
Ammanford
Carmarthenshire
SA18 3SJ
Aalco Stoke
Unit F
Forge Way
Brown Lees Industrial Estate
Biddulph
Stoke-on-Trent
ST8 7DN
Aalco Liverpool
207 Great Howard Street
Liverpool
L5 9ZH
Aalco Manchester
Express Trading Estate
Stone Hill Road
Farnworth
Bolton
BL4 9NN
Aalco Leeds
Unit 1
Revie Road
off Elland Road
Leeds
LS11 8JG
Aalco Newcastle
First Avenue
Team Valley Trading Estate
Gateshead
Tyne & Wear
NE11 0NU
Aalco Glasgow
117 Clydesmill Place
Cambuslang Investment Park
Glasgow
G32 8RF
Aalco Aberdeen
41 Castle Terrace
Aberdeen
AB11 5EA
Aalco Belfast
The Belfast Metal Centre
McKinney Industrial Estate
54 Mallusk Road
Newtownabbey
BT36 4PX
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)