MIRA
INFORM REPORT
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Report Date : |
21.11.2008 |
IDENTIFICATION DETAILS
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Name : |
CLARK
DIAMONDS LIMITED |
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Formerly Known as : |
CLARK DIAMONDS ( |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
06.09.1984 |
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Legal Form : |
Private
Limited With Share Capital |
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Line of Business : |
Diamond Merchants. |
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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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
CLARK
DIAMONDS LIMITED
Number 01846352
company summary
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Phone |
01212361724 |
Type |
Private
limited with Share Capital |
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|
Address |
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Company
Status |
Active -
Accounts Filed |
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Postcode |
B1 3EG |
Incorporated
Date |
06/09/1984 |
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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 |
2 |
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Total
Directorships |
2 |
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Trading
to Date |
30/06/07 |
30/06/06 |
30/06/05 |
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Turnover |
- |
- |
- |
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Shareholder
Funds |
£2,680,957 |
£2,511,458 |
£2,143,369 |
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Employees |
10 |
11 |
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 |
01212361724 |
Telephone Number |
0121 2361724 |
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TPS |
Y |
TPS |
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Address |
Address |
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62 |
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Web Address |
clarkdiamonds.co.uk |
Incorporation Date |
06/09/1984 |
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Type of Accounts |
Medium Company |
Filing Date of Accounts |
12/03/2008 |
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Company Type |
Private Limited With Share Capital |
Date of Latest Accounts |
30/06/2007 |
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Annual Return |
19/01/2008 |
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Previous Name(s) |
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Changed: |
08/11/1993 |
Clark Diamonds ( |
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Industry: |
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A Diamond Merchants. |
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SIC Code |
Description |
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5147 |
Wholesale Of Other Household Goods |
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Mortgage Charges |
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Outstanding |
2 |
Satisfied |
0 |
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Shareholders |
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Share Capital |
3000 |
Currency |
Gbp |
Previous Names Details
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Previous Name(s) |
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Changed : |
08/11/1993 |
Clark Diamonds ( |
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Changed : |
23/10/1984 |
Skydream Marketing Limited |
Secondary Industry Code Details
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SIC Code |
Description |
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5147 |
Wholesale Of Other Household Goods |
Mortgage Details
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Mortgage Type: |
debenture |
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Date Charge Created: |
03/09/2003 |
Date Charge Registered: |
10/09/2003 |
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Date Charge Satisfied: |
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Status: |
Outstanding |
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Person(s) Entitled: |
HSBC BANK PLC |
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Amount Secured: |
all monies due or to become due from the company to the chargee on any
account whatsoever. |
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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: |
charge |
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Date Charge Created: |
16/11/1984 |
Date Charge Registered: |
23/11/1984 |
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Date Charge Satisfied: |
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Status: |
Outstanding |
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Person(s) Entitled: |
MIDLAND BANK PLC |
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Amount Secured: |
all monies due or to become due from the company to the chargee on any
account whatsoever. |
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Details: |
fixed & floating charge over all book & other debts 02
undertaking and all property and assetspresent and future including uncalled
capital. |
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Shareholders Details
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Name |
Shares |
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Mark Coleman Barrows |
3,000 Ordinary Gbp 1.00 |
Trading Address Details
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Address |
Telephone Number |
TCPS |
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62 |
01212361724 |
Y |
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accounts
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Annual
Accounts |
07/06-06/07 |
Change (%) |
07/05-06/06 |
Change (%) |
07/04-06/05 |
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Months |
12 |
- |
12 |
- |
12 |
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Currency |
GBP |
- |
GBP |
- |
GBP |
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Consolidated
A/cs |
N |
- |
N |
- |
N |
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Turnover |
- |
- |
- |
- |
- |
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Export |
- |
- |
- |
- |
- |
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Cost of
Sales |
- |
- |
- |
- |
- |
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Gross
Profit |
1,597,148 |
-20.1 % |
1,998,898 |
18.6 % |
1,685,385 |
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Wages
& Salaries |
761,002 |
-13.5 % |
880,189 |
23.2 % |
714,719 |
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Directors
Emoluments |
307,763 |
-33.8 % |
465,203 |
46.0 % |
318,594 |
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Operating
Profits |
613,174 |
-33.8 % |
926,121 |
18.2 % |
783,362 |
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Depreciation |
11,344 |
-20.1 % |
14,202 |
-22.9 % |
18,430 |
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Audit
Fees |
8,250 |
6.5 % |
7,750 |
3.3 % |
7,500 |
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Interest
Payments |
- |
-100.0 % |
268 |
-6.0 % |
285 |
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Pre Tax
Profit |
639,210 |
-32.2 % |
942,095 |
18.8 % |
793,338 |
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Taxation |
-169,711 |
38.1 % |
-274,006 |
-24.1 % |
-220,707 |
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Profit
After Tax |
469,499 |
-29.7 % |
668,089 |
16.7 % |
572,631 |
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Dividends
Payable |
300,000 |
- |
300,000 |
50.0 % |
200,000 |
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Retained
Profits |
169,499 |
-54.0 % |
368,089 |
-1.2 % |
372,631 |
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Annual
Accounts |
07/06-06/07 |
Change (%) |
07/05-06/06 |
Change (%) |
07/04-06/05 |
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Tangible
Assets |
39,526 |
-19.4 % |
49,070 |
-22.0 % |
62,891 |
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Intangible
Assets |
- |
- |
- |
- |
- |
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Total
Fix Assets |
39,526 |
-19.4 % |
49,070 |
-22.0 % |
62,891 |
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Total
Current Assets |
4,142,132 |
1.1 % |
4,098,159 |
10.2 % |
3,718,540 |
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Trade
Debtors |
1,500,345 |
0.4 % |
1,495,085 |
-9.1 % |
1,644,166 |
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Stock |
2,075,655 |
5.9 % |
1,960,646 |
0.2 % |
1,957,636 |
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Cash |
541,252 |
-12.3 % |
617,131 |
563.3 % |
93,033 |
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Other
Current Assets |
24,880 |
-1.6 % |
25,297 |
6.7 % |
23,705 |
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Increase
In Cash |
-75,879 |
-114.5 % |
524,098 |
408.2 % |
-170,033 |
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Miscellaneous
Current Assets |
- |
- |
- |
- |
- |
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Total Assets |
4,181,658 |
0.8 % |
4,147,229 |
9.7 % |
3,781,431 |
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Total Current
Liabilities |
1,500,701 |
-8.3 % |
1,635,771 |
-0.1 % |
1,638,062 |
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Trade Creditors |
812,582 |
13.7 % |
714,700 |
0.6 % |
710,697 |
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Bank Overdraft |
- |
-100.0 % |
91,823 |
-20.6 % |
115,619 |
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Other Short
Term Fin |
300,000 |
- |
300,000 |
140.0 % |
125,000 |
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Miscellaneous
Current Liabilities |
388,119 |
-26.7 % |
529,248 |
-22.9 % |
686,746 |
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Other Long Term
Fin |
- |
- |
- |
- |
- |
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Total Long Term
Liabilities |
- |
- |
- |
- |
- |
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Bank Overdraft
& LTL |
- |
-100.0 % |
91,823 |
-20.6 % |
115,619 |
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Total
Liabilities |
1,500,701 |
-8.3 % |
1,635,771 |
-0.1 % |
1,638,062 |
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Net
Assets |
2,680,957 |
6.7 % |
2,511,458 |
17.2 % |
2,143,369 |
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Working
Capital |
2,641,431 |
7.3 % |
2,462,388 |
18.4 % |
2,080,478 |
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Annual
Accounts |
07/06-06/07 |
Change (%) |
07/05-06/06 |
Change (%) |
07/04-06/05 |
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Paid up
equity |
3,000 |
- |
3,000 |
- |
3,000 |
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P&L
Account Reserve |
2,671,957 |
6.8 % |
2,502,458 |
17.2 % |
2,134,369 |
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Sundry
Reserves |
6,000 |
- |
6,000 |
- |
6,000 |
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Revaluation
Reserve |
- |
- |
- |
- |
- |
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Shareholder
Funds |
2,680,957 |
6.7 % |
2,511,458 |
17.2 % |
2,143,369 |
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Net
Worth |
2,680,957 |
6.7 % |
2,511,458 |
17.2 % |
2,143,369 |
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Annual
Accounts |
07/06-06/07 |
Change (%) |
07/05-06/06 |
Change (%) |
07/04-06/05 |
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Net Cashflow
from Operations |
563,419 |
-55.1 % |
1,255,307 |
251.3 % |
357,324 |
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Net Cashflow before
Financing |
15,944 |
-97.1 % |
547,894 |
141.2 % |
227,113 |
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Net Cashflow
from Financing |
- |
- |
- |
- |
- |
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Contingent
Liability |
NO |
- |
NO |
- |
NO |
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Capital
Employed |
2,680,957 |
6.7 % |
2,511,458 |
17.2 % |
2,143,369 |
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No of
Employees |
10 |
-9.1 % |
11 |
- |
11 |
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Auditors |
RSM
BENTLEY JENNISON |
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AuditQualification |
No
Adverse Comments |
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Bankers |
HSBC
BANK PLC |
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BankBranchCode |
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Annual
Accounts |
07/06-06/07 |
07/05-06/06 |
07/04-06/05 |
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Pre-tax
profit margin % |
- |
- |
- |
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Current
ratio |
2.76 |
2.51 |
2.27 |
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Sales/Net
Working Capital |
- |
0.00 |
0.00 |
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Gearing
% |
0.0 % |
3.7 % |
5.4 % |
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Equity
in % |
64.1 % |
60.6 % |
56.7 % |
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Creditor
Days |
- |
- |
- |
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Debtor
Days |
- |
- |
- |
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Liquidity/Acid
Test |
1.38 |
1.31 |
1.07 |
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Return On
Capital Employed % |
23.8 % |
37.5 % |
37.0 % |
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Return
On Total Assets Employed % |
15.3 % |
22.7 % |
21.0 % |
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Current
Debt Ratio % |
0.6 % |
0.7 % |
0.8 % |
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Total
Debt Ratio % |
0.6 % |
0.7 % |
0.8 % |
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Stock
Turnover Ratio % |
- |
- |
- |
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Return
on Net Assets Employed % |
23.8 % |
37.5 % |
37.0 % |
group structure
No group structure for this company.
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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17/03/2008 |
New Accounts Filed |
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28/01/2008 |
Annual Returns |
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13/02/2007 |
New Accounts Filed |
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17/02/2006 |
Change In Reg.office |
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17/02/2006 |
Change Of Company Postcode |
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17/11/2005 |
New Accounts Filed |
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01/03/2005 |
Annual Returns |
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14/01/2005 |
New Accounts Filed |
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12/06/2004 |
Data Refresh |
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14/04/2004 |
Annual Returns |
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09/04/2004 |
Roy Nevilwetton Has Left The Board |
directors
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Name |
Lynn Christina Richardson |
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Address |
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Hall Green |
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B28 0LT |
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Officers Title |
Ms |
Date Of Birth |
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Honours |
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Present Appointments |
1 |
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Appointment Date |
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Function |
Company Secretary |
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Name |
Mark Coleman Barrows |
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Address |
Redhill House |
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Hunnington |
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B62 0JS |
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Officers Title |
Mr |
Date Of Birth |
24/03/1954 |
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Honours |
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Present Appointments |
1 |
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Appointment Date |
19/01/1993 |
Function |
Director |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.03 |
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|
1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
RATING EXPLANATIONS
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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 |
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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%)