MIRA
INFORM REPORT
|
Report Date : |
12.11.2008 |
IDENTIFICATION
DETAILS
|
Name : |
EUROPEAN METAL RECYCLING
LIMITED |
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Registered Office : |
Sirius House, Delta Crescent Westbrook, Warrington, Cheshire WA5 7NS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
02.08.1994 |
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Legal Form : |
Private limited with Share
Capital |
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Line of Business : |
The Recycling of Ferrous and Non-ferrous Metals. |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
[£] 5,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name of the company
EUROPEAN METAL RECYCLING
LIMITED
Number 02954623
company summary
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Phone |
01925715400 |
Type |
Private limited with Share
Capital |
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Address |
SIRIUS HOUSE, |
Company Status |
Active - Accounts Filed |
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Postcode |
WA5 7NS |
Incorporated Date |
02/08/1994 |
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Todays
Limit [£]
5,000,000
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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 |
5 |
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Total Directorships |
160 |
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Trading to Date |
31/12/07 |
31/12/06 |
31/12/05 |
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Turnover |
£2,243,115,000 |
£1,690,913,000 |
£1,032,973,000 |
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|
Shareholder Funds |
£353,006,000 |
£280,736,000 |
£217,852,000 |
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Employees |
2,365 |
1,959 |
1,412 |
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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 |
01925715400 |
Telephone Number |
01925 715400 |
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TPS |
Y |
TPS |
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Address |
Address |
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SIRIUS HOUSE |
Sirius House |
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Web Address |
elrltd.com |
Incorporation Date |
02/08/1994 |
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Type of Accounts |
Group |
Filing Date of Accounts |
07/10/2008 |
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Company Type |
Private Limited With Share Capital |
Date of Latest Accounts |
31/12/2007 |
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Annual Return |
18/02/2008 |
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Previous Name(s) |
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Changed: |
21/12/1994 |
Nobledrift Limited |
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Industry: |
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A Group Engaged In The Recycling Of Ferrous And Non-ferrous Metals. |
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SIC Code |
Description |
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3710 |
Recycling Of Metal Waste & Scrap |
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Mortgage Charges |
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Outstanding |
3 |
Satisfied |
3 |
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Shareholders |
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Share Capital |
452707.65 |
Currency |
Gbp |
Previous Names Details
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Previous Name(s) |
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Changed : |
21/12/1994 |
Nobledrift Limited |
Secondary Industry Code Details
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SIC Code |
Description |
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3710 |
Recycling Of Metal Waste & Scrap |
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6024 |
Freight Transport By Road |
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6311 |
Cargo Handling |
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7020 |
Letting Of Property |
Mortgage Details
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Mortgage Type: |
fixed and floating security document |
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Date Charge Created: |
02/04/2007 |
Date Charge Registered: |
17/04/2007 |
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Date Charge Satisfied: |
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Status: |
Outstanding |
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Person(s) Entitled: |
HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE FINANCE
PARTIES |
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Amount Secured: |
all monies due or to become due from the company to any finance party
on any acc ount whatsoever under the terms of the aforementioned instrument
creating or evidencing the charge |
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Details: |
01 fixed and floating charges over the undertaking and all property
and assets present and future including goodwill bookdebts uncalled capital
buildings fixturesfixed plant and machinery. |
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Mortgage Type: |
fixed and floating security document |
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Date Charge Created: |
03/03/2006 |
Date Charge Registered: |
09/03/2006 |
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Date Charge Satisfied: |
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Status: |
Outstanding |
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Person(s) Entitled: |
HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE FINANCE
PARTIES |
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Amount Secured: |
all monies due or to become due from the company to any finance party
on any acc ount whatsoever under the terms of the aforementioned instrument
creating or evidencing the charge |
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Details: |
01 fixed and floating charges over the undertaking and all property
and assets present and future including goodwill bookdebts uncalled capital
buildings fixturesfixed plant and machinery. |
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Mortgage Type: |
fixed and floating security document |
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Date Charge Created: |
04/05/2005 |
Date Charge Registered: |
09/05/2005 |
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Date Charge Satisfied: |
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Status: |
Outstanding |
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Person(s) Entitled: |
HSBC BANK PLC AS SECURITY TRUSTEE FOR THE BENEFIT OF THE FINANCE
PARTIES |
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Amount Secured: |
all monies due or to become due from the company to any finance party
on any acc ount whatsoever under the terms of the aforementioned instrument
creating or evidencing the charge |
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Details: |
brighton road shoreham by sea t/no wsx20 4686 and wsx204687,thames
wharf bow cree k newham t/no egl107110,land on the nort h east of east coast
road attercliffe sh effield t/no syk233868 and syk241073 (fo r details of
further properties charged please refer to form 395) |
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Mortgage Type: |
fixed and floating security document |
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Date Charge Created: |
03/05/2000 |
Date Charge Registered: |
16/05/2000 |
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Date Charge Satisfied: |
12/05/2005 |
Status: |
Satisfied |
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Person(s) Entitled: |
HSBC INVESTMENT BANK PLC (THE "SECURITY TRUSTEE") |
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Amount Secured: |
all present and future moneys debts and liabilities due owing or
incurred by any chargor (including the company) to any finance party under or
in connection wit h any finance document (in each case whe ther alone or
jointly or jointly and sev erally with any other person whether act ually or
contingently and whether as pri ncipal surety or otherwise)(all terms as
defined) |
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Details: |
legal mortgage all real property in engl and and wales (including that
described in schedule 1 to the 395) belonging to i t at the date of the
debenture; fixed eq uitable charge all other real property b elonging to it
at the date of the debent ure and all real property acquired by it
thereafter; and fixed charge,all its p resent and future: (i) book debts;(ii)
b ank accounts;(iii) investments; (v) insu rances; (v) uncalled capital and
goodwil l; (vi) intellectual property; (vii) pla nt and machinery. |
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Mortgage Type: |
fixed charge |
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Date Charge Created: |
03/02/2000 |
Date Charge Registered: |
04/02/2000 |
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Date Charge Satisfied: |
12/05/2005 |
Status: |
Satisfied |
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Person(s) Entitled: |
LLOYDS UDT LIMITED |
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Amount Secured: |
the principal sum of £514,305.56 togethe r with interest and charges
thereon due or to become due from the company to the chargee |
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Details: |
a first fixed charge over 1 x liebherr r 984c-ew s/n 624/2026 |
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Mortgage Type: |
fixed charge |
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Date Charge Created: |
25/11/1999 |
Date Charge Registered: |
26/11/1999 |
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Date Charge Satisfied: |
12/05/2005 |
Status: |
Satisfied |
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Person(s) Entitled: |
LLOYDS UDT LIMITED |
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Amount Secured: |
the principal sum of £415,512.19 due or to become due from the company
to the ch argee |
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Details: |
a first fixed charger over 1 x hyundai r 2002-2 industrial wheeled
loading machin e c/w arden ae4100 r grab serial number e0377 1 x fuchs 350a serial
number 0299 |
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Shareholders Details
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Name |
Shares |
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Robin Meadoecroft Trustees Of Rhs No 2 Trust & Robin Sheppard
Trustees Of Rhs No 2 Trust |
87,500 Cumulative Preferenc Gbp 1.00 |
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Robin Meadowcroft Trustees Of Rhs No 1 Trust & Clive Sheppard
Trustees Of Rhs No 1 Trust |
87,500 Cumulative Preferenc Gbp 1.00 |
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Robin Meadowcroft Trustees Of Sjs No 1 Trust, Christopher Phillip
Sheppard Trustees Of Sjs No 1 Trust, Kathryn Patricia Sheppard Trustees Of
Sjs No 1 Trust & Ph |
87,500 Cumulative Preferenc Gbp 1.00 |
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Robin Meadowcroft Trustees Of Sjs No 2 Trust & Trevor John
Sheppard Of Sjs No 2 Trust |
87,500 Cumulative Preferenc Gbp 1.00 |
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Trevor Sheppard |
1,298,800 Ordinary A Gbp 0.01 |
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Robin Sheppard |
1,298,800 Ordinary A Gbp 0.01 |
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Clive Sheppard |
1,298,800 Ordinary A Gbp 0.01 |
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Trustees Of C S Settlement |
1,000,000 Ordinary A Gbp 0.01 |
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Robin Meadowcroft Trustees Of Prs Settlement, Christopher Phillip
Sheppard Trustees Of Prs Settlement, Kathryn Patricia Sheppard Trustees Of
Prs Settlement & Ph |
1,000,000 Ordinary A Gbp 0.01 |
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Trustees Of Rs Settlement |
1,000,000 Ordinary A Gbp 0.01 |
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Trustees Of Ts Settlement |
1,000,000 Ordinary A Gbp 0.01 |
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Edward Scott Pysden Trustees Of Iip Settlement, Christopher P Sheppard
Trustees Of Iip Settlement, Kathryn Patricia Sheppard Trustees Of Iip
Settlement & Philli |
666,700 Ordinary A Gbp 0.01 |
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Phillip Robert Sheppard |
632,100 Ordinary A Gbp 0.01 |
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Robert Sheppard |
402,400 Ordinary A Gbp 0.01 |
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Robin Meadowcroft Trustees Of Sjs No 2 Trust & Trevor John
Sheppard Trustees Of Sjs No 2 Trust |
201,200 Ordinary A Gbp 0.01 |
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Robin Meadowcroft Trustees Of Sjs No 1 Trust, Christopher Phillip
Sheppard Trustees Of Sjs No 1 Trust, Kathryn Patricia Sheppard Trustees Of
Sjs No 1 Trust & Ph |
201,200 Ordinary A Gbp 0.01 |
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F B Roberts |
122,540 Ordinary B Gbp 0.01 |
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John Brian Roberts |
102,780 Ordinary B Gbp 0.01 |
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J G Cornwell |
15,000 Ordinary B Gbp 0.01 |
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T G Roberts |
12,690 Ordinary B Gbp 0.01 |
Trading Address Details
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Address |
Telephone Number |
TCPS |
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Sirius House Delta Crescent Westbrook Warrington WA5 7NS |
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IRLAM ST MANCHESTER LANCASHIRE M40 2BP |
01612051735 |
N |
accounts
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|
Annual Accounts |
01/07-12/07 |
Change (%) |
01/06-12/06 |
Change (%) |
01/05-12/05 |
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Months |
12 |
- |
12 |
- |
12 |
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Currency |
GBP |
- |
GBP |
- |
GBP |
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Consolidated A/cs |
Y |
- |
Y |
- |
Y |
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Turnover |
2,243,115,000 |
32.7 % |
1,690,913,000 |
63.7 % |
1,032,973,000 |
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Export |
- |
- |
- |
- |
828,335,000 |
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Cost of Sales |
1,868,952,000 |
33.9 % |
1,395,529,000 |
61.2 % |
865,744,000 |
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Gross Profit |
374,163,000 |
26.7 % |
295,384,000 |
76.6 % |
167,229,000 |
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Wages & Salaries |
95,720,000 |
25.9 % |
76,012,000 |
45.2 % |
52,351,000 |
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Directors Emoluments |
18,520,000 |
37.2 % |
13,497,000 |
54.3 % |
8,750,000 |
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Operating Profits |
126,630,000 |
19.8 % |
105,720,000 |
194.4 % |
35,915,000 |
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Depreciation |
27,697,000 |
31.1 % |
21,133,000 |
37.0 % |
15,431,000 |
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Audit Fees |
144,000 |
30.9 % |
110,000 |
29.4 % |
85,000 |
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Interest Payments |
10,991,000 |
33.1 % |
8,257,000 |
106.3 % |
4,003,000 |
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Pre Tax Profit |
119,311,000 |
14.7 % |
104,028,000 |
85.2 % |
56,184,000 |
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Taxation |
-41,992,000 |
-23.7 % |
-33,941,000 |
-149.6 % |
-13,596,000 |
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Profit After Tax |
77,319,000 |
10.3 % |
70,087,000 |
64.6 % |
42,588,000 |
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Dividends Payable |
- |
- |
- |
- |
- |
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Retained Profits |
77,319,000 |
10.3 % |
70,087,000 |
64.6 % |
42,588,000 |
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Annual Accounts |
01/07-12/07 |
Change (%) |
01/06-12/06 |
Change (%) |
01/05-12/05 |
|
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Tangible Assets |
191,778,000 |
3.7 % |
184,886,000 |
63.6 % |
113,006,000 |
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Intangible Assets |
186,804,000 |
85.6 % |
100,653,000 |
256.1 % |
28,266,000 |
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Total Fix Assets |
378,582,000 |
32.6 % |
285,539,000 |
102.1 % |
141,272,000 |
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Total Current Assets |
445,157,000 |
13.0 % |
394,099,000 |
11.3 % |
353,990,000 |
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Trade Debtors |
210,423,000 |
56.5 % |
134,428,000 |
10.7 % |
121,469,000 |
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Stock |
202,361,000 |
2.6 % |
197,304,000 |
8.9 % |
181,207,000 |
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Cash |
6,849,000 |
-82.5 % |
39,148,000 |
-6.3 % |
41,763,000 |
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Other Current Assets |
25,372,000 |
114.2 % |
11,844,000 |
40.4 % |
8,434,000 |
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Increase In Cash |
-32,299,000 |
-1,135.1 % |
-2,615,000 |
-116.1 % |
16,261,000 |
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Miscellaneous Current
Assets |
152,000 |
-98.7 % |
11,375,000 |
918.4 % |
1,117,000 |
|
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Total Assets |
823,739,000 |
21.2 % |
679,638,000 |
37.2 % |
495,262,000 |
|
|
Total Current Liabilities |
306,062,000 |
14.4 % |
267,499,000 |
12.2 % |
238,348,000 |
|
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Trade Creditors |
125,849,000 |
10.3 % |
114,106,000 |
23.2 % |
92,625,000 |
|
|
Bank Overdraft |
9,042,000 |
-73.8 % |
34,466,000 |
-56.1 % |
78,466,000 |
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Other Short Term Fin |
69,119,000 |
170.0 % |
25,595,000 |
969.1 % |
2,394,000 |
|
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Miscellaneous Current
Liabilities |
102,052,000 |
9.3 % |
93,332,000 |
43.9 % |
64,863,000 |
|
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Other Long Term Fin |
124,247,000 |
44.5 % |
86,003,000 |
999.9% |
4,588,000 |
|
|
Total Long Term
Liabilities |
164,671,000 |
25.3 % |
131,403,000 |
236.4 % |
39,062,000 |
|
|
Bank Overdraft & LTL |
173,713,000 |
4.7 % |
165,869,000 |
41.1 % |
117,528,000 |
|
|
Total Liabilities |
470,733,000 |
18.0 % |
398,902,000 |
43.8 % |
277,410,000 |
|
|
Net Assets |
353,006,000 |
25.7 % |
280,736,000 |
28.9 % |
217,852,000 |
|
|
Working Capital |
139,095,000 |
9.9 % |
126,600,000 |
9.5 % |
115,642,000 |
|
|
Annual Accounts |
01/07-12/07 |
Change (%) |
01/06-12/06 |
Change (%) |
01/05-12/05 |
|
|
Paid up equity |
103,000 |
- |
103,000 |
-1.0 % |
104,000 |
|
|
P&L Account Reserve |
340,751,000 |
26.9 % |
268,481,000 |
30.6 % |
205,597,000 |
|
|
Sundry Reserves |
8,024,000 |
- |
8,024,000 |
0.0 % |
8,023,000 |
|
|
Revaluation Reserve |
4,128,000 |
- |
4,128,000 |
- |
4,128,000 |
|
|
Shareholder Funds |
353,006,000 |
25.7 % |
280,736,000 |
28.9 % |
217,852,000 |
|
|
Net Worth |
166,202,000 |
-7.7 % |
180,083,000 |
-5.0 % |
189,586,000 |
|
|
Annual Accounts |
01/07-12/07 |
Change (%) |
01/06-12/06 |
Change (%) |
01/05-12/05 |
|
|
Net Cashflow from
Operations |
104,720,000 |
-42.5 % |
182,141,000 |
999.9% |
5,688,000 |
|
|
Net Cashflow before
Financing |
-44,266,000 |
-31.4 % |
-33,695,000 |
-280.8 % |
18,639,000 |
|
|
Net Cashflow from
Financing |
37,391,000 |
-52.3 % |
78,437,000 |
999.9% |
-5,054,000 |
|
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
|
|
Capital Employed |
517,677,000 |
25.6 % |
412,139,000 |
60.4 % |
256,914,000 |
|
|
No of Employees |
2,365 |
20.7 % |
1,959 |
38.7 % |
1,412 |
|
|
Auditors |
GRANT THORNTON UK LLP |
|
|
AuditQualification |
No Adverse Comments |
|
|
Bankers |
HSBC BANK PLC |
|
|
BankBranchCode |
|
|
|
Annual Accounts |
01/07-12/07 |
01/06-12/06 |
01/05-12/05 |
|
|
Pre-tax profit margin % |
5.3 % |
6.2 % |
5.4 % |
|
|
Current ratio |
1.45 |
1.47 |
1.49 |
|
|
Sales/Net Working Capital |
16.13 |
13.36 |
8.93 |
|
|
Gearing % |
49.2 % |
59.1 % |
53.9 % |
|
|
Equity in % |
55.4 % |
48.5 % |
46.6 % |
|
|
Creditor Days |
20.42 |
24.56 |
32.73 |
|
|
Debtor Days |
34.15 |
28.94 |
42.92 |
|
|
Liquidity/Acid Test |
0.79 |
0.74 |
0.72 |
|
|
Return On Capital Employed
% |
23.1 % |
25.2 % |
21.9 % |
|
|
Return On Total Assets
Employed % |
14.5 % |
15.3 % |
11.3 % |
|
|
Current Debt Ratio % |
0.9 % |
1.0 % |
1.1 % |
|
|
Total Debt Ratio % |
1.3 % |
1.4 % |
1.3 % |
|
|
Stock Turnover Ratio % |
9.0 % |
11.7 % |
17.5 % |
|
|
Return on Net Assets
Employed % |
33.8 % |
37.1 % |
25.8 % |
group structure
|
|
Ultimate Parent Company |
EUROPEAN METAL RECYCLING LIMITED |
|
|
Companies in Group |
45 |
|
|
Company Name |
Registered Number |
Latest Annual Accounts |
|
|
EUROPEAN METAL RECYCLING LIMITED<<< |
02954623 |
31/12/2007 |
|
|
T.HOLLOWAY & SONS(METALS)LIMITED |
00789117 |
31/03/2008 |
|
|
MOUNTSTAR METAL CORPORATION LIMITED |
00941219 |
31/12/2007 |
|
|
EMR MIDLAND SHREDDERS LIMITED |
01018817 |
31/12/2007 |
|
|
MAYER PARRY RECYCLING (HOLDINGS) LIMITED |
01115211 |
31/12/2007 |
|
|
MAYER ENVIRONMENTAL LTD. |
03398932 |
31/12/2007 |
|
|
MAYER PARRY RECYCLING LIMITED |
02506721 |
31/12/2007 |
|
|
EUROPEAN METAL RECYCLING (INTERNATIONAL) LIMITED |
05689978 |
31/12/2007 |
|
|
EUROPEAN METAL RECYCLING (USA) LIMITED |
05721603 |
31/12/2007 |
|
|
EUROPEAN METAL RECYCLING (DORMANT) LIMITED |
05721604 |
31/12/2007 |
|
|
COOPER BARNES METALS LIMITED |
00238931 |
31/12/2007 |
|
|
MAYER PARRY (EAST ANGLIA) LIMITED |
00364122 |
31/12/2007 |
|
|
MAYER PARRY (BRENTFORD) LIMITED |
00429015 |
31/12/2007 |
|
|
SMITH AND COMPANY (HOLDINGS) LIMITED |
00496831 |
31/12/2007 |
|
|
ALLEN ROWLAND & COMPANY LIMITED |
00501131 |
31/12/2007 |
|
|
J.T. BROADHURST & SONS LIMITED |
00507041 |
31/12/2007 |
|
|
C D JORDAN & SON (TRANSPORT) LIMITED |
00533750 |
31/12/2007 |
|
|
MEON VALLEY METALS LIMITED |
00592563 |
31/12/2007 |
|
|
CLEVELAND METALS LIMITED |
00630903 |
31/12/2007 |
|
|
SCRAP PROCESSING (PORTSMOUTH) LIMITED |
00977974 |
31/12/2007 |
|
|
T LETHBRIDGE LIMITED |
01086344 |
31/12/2007 |
|
|
SHEPPARD GROUP LIMITED |
01396282 |
31/12/2007 |
|
|
SMITH AND COMPANY (BEDFORD) LIMITED |
01410724 |
31/12/2007 |
|
|
SHEPPARDS WASTE RECOVERY SERVICES (ROCHDALE) LIMITED |
01490038 |
31/12/2007 |
|
|
WISBECH METAL AND PAPER LIMITED |
01502628 |
31/12/2007 |
|
|
F ASPINALL (PORTSMOUTH) LIMITED |
01554628 |
31/12/2007 |
|
|
JORDANS (NEWHAVEN) LIMITED |
01607188 |
31/12/2007 |
|
|
COOPERS HOLDINGS LIMITED |
01647343 |
31/12/2007 |
|
|
EMR SHIPPING LIMITED |
01883741 |
31/12/2007 |
|
|
JACKSON DUNN LIMITED |
01912355 |
31/12/2007 |
|
|
ROBINSON SHIPPING SERVICES LIMITED |
02386884 |
31/12/2007 |
|
|
WINCHESTER RECYCLING LIMITED |
03038305 |
31/12/2007 |
|
|
ISLAND RECYCLING LIMITED |
03084827 |
31/12/2007 |
|
|
MAYER PARRY PROPERTY SERVICES LIMITED |
03343683 |
31/12/2007 |
|
|
EMR EXPORTS LIMITED |
03478486 |
31/12/2007 |
|
|
EVER 1052 LIMITED |
03650781 |
31/12/2007 |
|
|
ELVIS UK LTD |
04202135 |
31/12/2007 |
|
|
PREMIER GRANULES UK LIMITED |
06243338 |
31/12/2007 |
|
|
E.BARNES & CO.,LIMITED |
00771444 |
31/12/2007 |
|
|
COOPERS METALS (HOLDINGS) LIMITED |
00518811 |
31/12/2007 |
|
|
ROBINSON GROUP LTD |
00707119 |
31/12/2007 |
|
|
HENDERSON KERR LIMITED |
SC029189 |
31/12/2006 |
|
|
HENDERSON KERR (SCRAP PROCESSORS) LIMITED |
SC093531 |
31/12/2006 |
|
|
ALEXANDER KERR & CO. LIMITED |
SC031842 |
31/12/2007 |
|
|
C.D. JORDAN & SON LIMITED |
01041311 |
31/12/2007 |
Status History
|
Date |
Description |
|
No Status History |
|
Event History
|
Date |
Description |
|
14/10/2008 |
New Accounts Filed |
|
25/02/2008 |
Annual Returns |
|
06/02/2008 |
Michael Maher Details Have Changed |
|
13/11/2007 |
New Accounts Filed |
|
10/11/2006 |
New Accounts Filed |
|
06/03/2006 |
Change In Reg.office |
|
11/11/2005 |
New Accounts Filed |
|
28/10/2005 |
Michael Johnmaher Has Left The Board |
|
28/10/2005 |
New Board Member (michael Blakehughes) Appointed |
|
14/05/2005 |
Peter Thomasarmer Has Left The Board |
|
14/05/2005 |
New Board Member (michael Johnmaher) Appointed |
|
08/11/2004 |
New Accounts Filed |
|
03/11/2004 |
Annual Returns |
|
18/09/2004 |
Directors Data Refresh |
directors
|
|
Name |
Christopher Phillip Sheppard |
|
|
|
|
Address |
Bexton Lodge |
|
|
|
|
|
Toft Road |
||
|
|
|
Knutsford |
||
|
|
|
Cheshire |
||
|
|
|
WA16 9ED |
||
|
|
Officers Title |
Mr |
Date Of Birth |
07/07/1974 |
|
|
Honours |
|
Present Appointments |
45 |
|
|
Appointment Date |
20/11/2007 |
Function |
Director |
|
|
Name |
Michael Blake Hughes |
|
|
|
|
Address |
205e 59 Street |
|
|
|
|
|
Apartment 11c |
||
|
|
|
New York |
||
|
|
|
New York |
||
|
|
|
Usa |
||
|
|
Officers Title |
Mr |
Date Of Birth |
02/11/1968 |
|
|
Honours |
BSC HONS ACA |
Present Appointments |
23 |
|
|
Appointment Date |
24/10/2005 |
Function |
Company Secretary |
|
|
Name |
Colin David Iles |
|
|
|
|
Address |
10 Duck Pond Road |
|
|
|
|
|
Alpine |
||
|
|
|
New Jersey 07620 |
||
|
|
|
Usa |
||
|
|
Officers Title |
Mr |
Date Of Birth |
04/09/1944 |
|
|
Honours |
|
Present Appointments |
27 |
|
|
Appointment Date |
29/11/1994 |
Function |
Director |
|
|
Name |
Robin Sheppard |
|
|
|
|
Address |
15 Chepstow Close |
|
|
|
|
|
Bamford |
||
|
|
|
Rochdale |
||
|
|
|
Lancashire |
||
|
|
|
OL11 5TR |
||
|
|
Officers Title |
Mr |
Date Of Birth |
04/08/1954 |
|
|
Honours |
|
Present Appointments |
10 |
|
|
Appointment Date |
26/09/1994 |
Function |
Director |
|
|
Name |
Phillip Robert Sheppard |
|
|
|
|
Address |
15 Broadhalgh Avenue |
|
|
|
|
|
Bamford |
||
|
|
|
Rochdale |
||
|
|
|
Lancashire |
||
|
|
|
OL11 5LW |
||
|
|
Officers Title |
Mr |
Date Of Birth |
11/01/1947 |
|
|
Honours |
|
Present Appointments |
55 |
|
|
Appointment Date |
26/09/1994 |
Function |
Director |
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.79 |
|
UK Pound |
1 |
Rs.75.41 |
|
Euro |
1 |
Rs.61.48 |
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%)