MIRA INFORM REPORT

 

 

 

Report Date :

29.09.2008

 

IDENTIFICATION DETAILS

 

Name :

CLAYTON FINANCE LIMITED

 

 

Registered Office :

Highlight House First Floor, 57 Margaret Street, London,  W1W 8SJ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

05.10.1978         

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Other Business Activities

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

[£] 20,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

 

Name of the company

 

CLAYTON FINANCE LIMITED                         

Number        01392635                                     

 

 

company summary

 

Address                                                            HIGHLIGHT HOUSE FIRST FLOOR,
57 MARGARET STREET,
LONDON,
W1W 8SJ

Postcode                                                         W1W 8SJ   

Phone                                                              02075809241                                                 

Type                                                                Private limited with Share Capital                      

Company Status                                               Active - Accounts Filed                                    

 Incorporated Date                                             05/10/1978    

 

Todays Limit [£]                                                               20,000                                      

 

Active CCJ's                                                   0                                                             

Value of CCJ's [£]                                           £0                                                             

Number Of Writs                                             0                                                             

 

Current Directors                                             3                                                          

Total Directorships                                          19                                                        

 

 

Trading to Date                              31/12/06                   31/12/05                    31/12/04

Turnover                                        £23,859,831              £17,090,000              £11,671,000

Shareholder Funds                        £1,910,922                £1,992,000                £1,860,000

Employees                                   9                              9                              7

 

Trends                                                                             

Profitability                                                                    

Liquidity                                                                        

Shareholders Funds                                                       

 

 

company information

 

                                                                          Registered Address               

Telephone Number                                02075809241                 

TPS                                                           N                

                                                                          Address                     

HIGHLIGHT HOUSE FIRST FLOOR
57 MARGARET STREET
LONDON
W1W 8SJ

Trading Address

Telephone Number                 020 75809241

TPS

Address                        Highlight House First Floor
57 Margaret Street
W1W 8SJ

                                                                                                                       

 

 

Web Address                                                                   Incorporation Date              05/10/1978

                              Type of Accounts                                 Full Accounts                    Filing Date of Accounts      26/11/2007

                              Company Type                                    Private Limited With Share Capital       Date of Latest Accounts 31/12/2006

                              Annual Return                                     30/10/2007                           

 

 

 

Previous Name(s)

                         Changed:              26/04/1996   Clayton Property And Finance Limited

                                                           

 

 

            Industry:

                                                                                                                                                  Trading In And Export Of Raw Materials And Finished Products.                                                                                          

                                                                                                                                                           

 

 

                                           SIC Code   Description

                                           7487          Other Business Activities

                                               

 

 

            Mortgage Charges

                                                                             Outstanding                                             1   Satisfied            1

                                                                                                                                               

 

 

            Shareholders

                                                           Share Capital            200000                            Currency  Gbp

                                                                                                                                   

 

 

 

 

Previous Names Details                   

 

 

Previous Name(s)

                           Changed :             26/04/1996  Clayton Property And Finance Limited

 

 

 

                                                                 Secondary Industry Code Details                    

 

 

                                           SIC Code   Description

                                           7487          Other Business Activities

 

 

 

Mortgage Details                             

 

 

  Mortgage Type:           

  Date Charge Created:   16/05/2000         Date Charge Registered:                    20/05/2000

  Date Charge Satisfied: 18/09/2003         Status:                                                Satisfied

  Person(s) Entitled:       

  Amount Secured:        

  Details:                        

 

 

                                     


Mortgage Type:             

                                      Date Charge Created:                                                13/01/1989        Date Charge Registered: 19/01/1989

                                      Date Charge Satisfied:                                                           Status: Outstanding

                                      Person(s) Entitled:    

                                      Amount Secured:     

                                      Details:

 

 

 

Shareholders Details                     

 

 

                                                                        Name   Shares

                                                                        Balram Dayaram Datwani            199,999 Ordinary Gbp 1.00

                                                                        Kumar D Datwani           1 Ordinary Gbp 1.00

 

 

Trading Address Details  

 

Address                                                                                        Telephone Number       TCPS

Highlight House First Floor 57 Margaret Street W1W 8SJ                                                     

 

 

accounts

 

PROFIT & LOSS

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

23,859,831

39.6 %

17,090,000

46.4 %

11,671,000

 

Export

-

-

-

-

-

 

Cost of Sales

22,177,289

39.1 %

15,941,000

50.5 %

10,590,000

 

Gross Profit

1,682,542

46.4 %

1,149,000

6.3 %

1,081,000

 

Wages & Salaries

166,874

51.7 %

110,000

25.0 %

88,000

 

Directors Emoluments

82,000

-

82,000

12.3 %

73,000

 

Operating Profits

159,398

27.5 %

125,000

-49.6 %

248,000

 

Depreciation

10,488

-12.6 %

12,000

-

12,000

 

Audit Fees

7,000

40.0 %

5,000

-

5,000

 

Interest Payments

16,753

-85.0 %

112,000

-40.1 %

187,000

 

Pre Tax Profit

-20,334

-108.8 %

230,000

187.5 %

80,000

 

Taxation

-10,682

77.7 %

-48,000

-152.6 %

-19,000

 

Profit After Tax

-31,016

-117.0 %

182,000

198.4 %

61,000

 

Dividends Payable

50,000

-

50,000

-

-

 

Retained Profits

-81,016

-161.4 %

132,000

116.4 %

61,000

 

 

BALANCE SHEET

 

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Tangible Assets

126,034

-6.6 %

135,000

-3.6 %

140,000

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

126,034

-6.6 %

135,000

-3.6 %

140,000

 

Total Current Assets

9,014,312

31.6 %

6,851,000

36.0 %

5,039,000

 

Trade Debtors

6,229,490

41.4 %

4,406,000

7.6 %

4,094,000

 

Stock

-

-

-

-

-

 

Cash

1,139,282

80.8 %

630,000

916.1 %

62,000

 

Other Current Assets

1,645,540

-9.4 %

1,816,000

105.7 %

883,000

 

Increase In Cash

509,282

-10.3 %

568,000

153.0 %

-1,071,000

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

9,140,346

30.8 %

6,986,000

34.9 %

5,179,000

 

Total Current Liabilities

7,229,424

44.8 %

4,994,000

50.5 %

3,318,000

 

Trade Creditors

6,674,462

52.6 %

4,373,000

43.5 %

3,047,000

 

Bank Overdraft

468,582

-5.3 %

495,000

234.5 %

148,000

 

Other Short Term Fin

-

-

-

-

-

 

Miscellaneous Current Liabilities

86,380

-31.4 %

126,000

3.3 %

122,000

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

-

-

-

-

-

 

Bank Overdraft & LTL

468,582

-5.3 %

495,000

234.5 %

148,000

 

Total Liabilities

7,229,424

44.8 %

4,994,000

50.5 %

3,318,000

 

Net Assets

1,910,922

-4.1 %

1,992,000

7.0 %

1,861,000

 

Working Capital

1,784,888

-3.9 %

1,857,000

7.9 %

1,721,000

 

CAPITALS & RESERVES

 

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Paid up equity

200,000

-

200,000

-

200,000

 

P&L Account Reserve

1,710,922

-4.5 %

1,792,000

8.0 %

1,660,000

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

1,910,922

-4.1 %

1,992,000

7.1 %

1,860,000

 

Net Worth

1,910,922

-4.1 %

1,992,000

7.1 %

1,860,000

 

MISCELLANEOUS

 

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Net Cashflow from Operations

814,169

188.7 %

282,000

-75.3 %

1,141,000

 

Net Cashflow before Financing

535,918

142.5 %

221,000

-80.7 %

1,146,000

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

1,910,922

-4.1 %

1,992,000

7.1 %

1,860,000

 

No of Employees

9

-

9

28.6 %

7

 

 

 

     

Auditors

API PARTERNSHIP LTD

 

AuditQualification

No Adverse Comments

 

Bankers

SYNDICATE BANK LTD

 

BankBranchCode

 

 

RATIOS

 

 

Annual Accounts

01/06-12/06

01/05-12/05

01/04-12/04

 

Pre-tax profit margin %

-0.1 %

1.3 %

0.7 %

 

Current ratio

1.25

1.37

1.52

 

Sales/Net Working Capital

13.37

9.20

6.78

 

Gearing %

24.5 %

24.8 %

8.0 %

 

Equity in %

20.9 %

28.5 %

35.9 %

 

Creditor Days

101.82

93.40

95.29

 

Debtor Days

95.04

94.10

128.04

 

Liquidity/Acid Test

1.25

1.37

1.52

 

Return On Capital Employed %

-1.1 %

11.6 %

4.3 %

 

Return On Total Assets Employed %

-0.2 %

3.3 %

1.5 %

 

Current Debt Ratio %

3.8 %

2.5 %

1.8 %

 

Total Debt Ratio %

3.8 %

2.5 %

1.8 %

 

Stock Turnover Ratio %

-

0.0 %

0.0 %

 

Return on Net Assets Employed %

-1.1 %

11.6 %

4.3 %

 

Credit Limit Explanation

 

The Recommended Credit Limit is calculated using a formula that analyses information from a company's financial accounts and payment record.
The advised amount can be defined as the maximum amount that could be advanced in any one calendar month, assuming standard payment terms of 30 days beyond the month of invoice. Therefore the same maximum amount could be advanced in the next calendar month.

 

Date                                                                      Description

03/12/2007                                                            Credit Worthy

08/01/2007                                                            Good Credit Worthiness

12/10/2005                                                            Very Good Credit Worthiness

26/03/2004                                                            Very Good Credit Worthiness

04/06/2003                                                            Financial Statements too old

 

 

group structure

 

No group structure for this company.

 

 

 

Status History

 

 

Date                                  Description

No Status History

 

 

 

 

Event History

 

 

Date               Description

03/12/2007      New Accounts Filed

26/11/2007      Annual Returns

04/03/2007      Ashok Chabria Has Left The Board

08/01/2007      New Accounts Filed

12/10/2005      New Accounts Filed

11/11/2004      Annual Returns

10/11/2004      New Accounts Filed

26/03/2004      Company Principal Activities

26/03/2004      New Account

21/01/2004      Current Registered Office Address Postcode

21/01/2004      Current Registered Office Address

09/01/2004      Board Member Mr Datwani Balram Dayaram Has Been Changed

 

 

 

directors

 

                                      Name                                   Sanjay  Datwani

                                      Address                                2 Tatham Place   

                                                 London

                                                 NW8 6AF

                                      Officers Title                        Mr                                 Date Of Birth      06/02/1973

                                      Honours                                                                    Present Appointments   9

                                      Appointment Date                11/09/2003                     Function            Company Secretary

                                                                                                                        

 

 

                                      Name                                   Sanjay  Datwani

                                      Address                                2 Tatham Place   

                                                 London

                                                 NW8 6AF

                                      Officers Title                        Mr                                 Date Of Birth      06/02/1973

                                      Honours                                                                    Present Appointments   9

                                      Appointment Date                24/08/1994                     Function            Director

                                                                                                                        

 

 

                                      Name                                   Balram Dayaram Datwani         

                                      Address                                5 St Stephens Close        

                                                 Avenue Road

                                                 London

                                                 NW8 6DB

                                      Officers Title                        Mr                                 Date Of Birth      23/10/1943

                                      Honours                                                                    Present Appointments   10

                                      Appointment Date                30/10/1991                     Function            Director

                                                                                                                        

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.94

UK Pound

1

Rs.85.57

Euro

1

Rs.67.79

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions