MIRA
INFORM REPORT
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Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
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Name : |
MIDSTEEL
PIPELINE LIMITED |
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Formerly Known as : |
MIDSTEEL BARS LTD |
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Registered Office : |
Building 67,
Third Ave, Pensnett
Trading Estate,Kingswinford, West Midlands DY6 7FA |
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Country : |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
24.02.2006 |
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Legal Form : |
Private
Limited With Share Capital |
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Line of Business : |
Manufacturing Stockholding, Processing And Distribution of Forged
Steel Pipe Fittings, Flanges and Pipe |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name of the company
MIDSTEEL
PIPELINE LIMITED
Number 05721701
company summary
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Phone |
01384400290 |
Type |
Private
limited with Share Capital |
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Address |
BUILDING 67,
THIRD AVE, |
Company
Status |
Active -
Accounts Filed |
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Postcode |
DY6 7FA |
Incorporated
Date |
24/02/2006 |
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Active
CCJ's |
1 |
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Value of
CCJ's [£] |
£99 |
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Number
Of Writs |
0 |
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Current
Directors |
6 |
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Total
Directorships |
51 |
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Trading
to Date |
30/06/07 |
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Turnover |
£4,732,305 |
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Shareholder
Funds |
£304,371 |
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Employees |
- |
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Trends |
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Profitability |
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Acceptable |
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Liquidity |
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Weak |
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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 |
01384400290 |
Telephone Number |
01384 368922 |
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TPS |
N |
TPS |
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Address |
Address |
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BUILDING 67, THIRD AVE |
Building 67, Third Ave |
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Web Address |
midsteelgroup.com |
Incorporation Date |
24/02/2006 |
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Type of Accounts |
Full Accounts |
Filing Date of Accounts |
13/12/2007 |
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Company Type |
Private Limited With Share Capital |
Date of Latest Accounts |
30/06/2007 |
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Annual Return |
24/02/2008 |
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Previous Name(s) |
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Changed: |
12/09/2006 |
Midsteel Bars Ltd |
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Industry: |
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Manufacturing Stockholding, Processing And Distribution Of Forged
Steel Pipe Fittings, Flanges And Pipe. |
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SIC Code |
Description |
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5190 |
Other Wholesale |
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Mortgage Charges |
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Outstanding |
1 |
Satisfied |
0 |
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Shareholders |
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Share Capital |
250000 |
Currency |
Gbp |
Previous Names Details
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Previous Name(s) |
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Changed : |
12/09/2006 |
Midsteel Bars Ltd |
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Changed : |
14/03/2006 |
Midsteel Barns Ltd |
Secondary Industry Code Details
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SIC Code |
Description |
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5190 |
Other Wholesale |
Mortgage Details
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Mortgage Type: |
guarantee & debenture |
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Date Charge Created: |
27/07/2006 |
Date Charge Registered: |
11/08/2006 |
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Date Charge Satisfied: |
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Status: |
Outstanding |
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Person(s) Entitled: |
BARCLAYS BANK PLC |
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Amount Secured: |
all monies due or to become due from the company and/or all or any of
the othercompanies named therein 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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Shareholders Details
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Name |
Shares |
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Midsteel Group Limited |
250,000 Ordinary Gbp 1.00 |
Trading Address Details
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Address |
Telephone Number |
TCPS |
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Building 67, Third Ave Pensnett Trading Estate Kingswinford DY6 7FA |
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accounts
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ccj's
Active CCJ's 1 Value of CCJ's
[£] £99 Number Of Writs 0 Year CCJ's Writs Registered 2008 1 0 Date Court Amount Status Case
Number Date Paid 01/08/2008 DUDLEY £99 Judgement 8DD01069 |
group structure
Ultimate Parent Company MIDSTEEL
GROUP LIMITED
Companies in Group 7
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Company Name |
Registered Number |
Latest Annual Accounts |
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MIDSTEEL GROUP LIMITED |
02508457 |
30/06/2007 |
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MIDSTEEL PIPELINE LIMITED<<< |
05721701 |
30/06/2007 |
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MIDSTEEL FLANGES AND FITTINGS LTD |
05818404 |
30/06/2007 |
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MIDSTEEL BARS LIMITED |
05818012 |
30/06/2007 |
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MIDSTEEL NORTHERN LIMITED |
02662015 |
30/06/2007 |
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MIDSTEEL STOCKHOLDERS LIMITED |
01067986 |
30/06/2007 |
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PROSPER DISTRIBUTION LIMITED |
05285967 |
31/12/2007 |
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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11/06/2008 |
Annual Returns |
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20/12/2007 |
New Accounts Filed |
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26/11/2007 |
New Board Member (graham Lamb) Appointed |
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27/12/2006 |
Keith Williammartin Has Resigned As Company Secretary |
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27/12/2006 |
New Company Secretary (alan Davidstreet) Appointed |
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27/12/2006 |
Keith Williammartin Has Left The Board |
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26/10/2006 |
New Company Secretary (keith Williammartin) Appointed |
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26/10/2006 |
Alan Davidstreet Has Resigned As Company Secretary |
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26/10/2006 |
New Board Member (keith Williammartin) Appointed |
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14/09/2006 |
Change Of Name |
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01/07/2006 |
New Board Member (christopher Johnfisher) Appointed |
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29/06/2006 |
New Board Member (christopher John Charlesfisher) Appointed |
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29/06/2006 |
New Board Member (mark Ianredding) Appointed |
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16/03/2006 |
Change Of Name |
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01/03/2006 |
New Board Member (alan Davidstreet) Appointed |
directors
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Name |
Mark Ian Redding |
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Address |
16 Montpellier Gardens |
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Milking Bank |
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Dudley |
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West Midlands |
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DY1 2UQ |
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Officers Title |
Mr |
Date Of Birth |
30/06/1962 |
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Honours |
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Present Appointments |
2 |
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Appointment Date |
19/06/2006 |
Function |
Director |
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Name |
Christopher John Fisher |
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Address |
9 Dippons Mill |
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Tettenhall Wood |
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Wolverhampton |
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West Midlands |
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WV6 8HH |
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Officers Title |
Mr |
Date Of Birth |
18/01/1950 |
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Honours |
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Present Appointments |
2 |
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Appointment Date |
19/06/2006 |
Function |
Director |
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Name |
Graham Strachan Robinson Lamb |
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Address |
Ibstock House 6 Owletts End |
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Pinvin |
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Pershore |
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Worcestershire |
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WR10 2EX |
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Officers Title |
Mr |
Date Of Birth |
18/11/1951 |
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Honours |
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Present Appointments |
2 |
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Appointment Date |
19/10/2007 |
Function |
Director |
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Name |
Martin Guy Boulter |
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Address |
10 Fairlight Drive |
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Barnt Green |
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Birmingham |
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West Midlands |
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B45 8TB |
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Officers Title |
Mr |
Date Of Birth |
19/02/1960 |
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Honours |
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Present Appointments |
15 |
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Appointment Date |
24/02/2006 |
Function |
Director |
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Name |
Alan David Street |
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Address |
12 The Heathlands Copperfields |
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Wombourne |
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Wolverhampton |
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West Midlands |
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WV5 8HF |
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Officers Title |
Mr |
Date Of Birth |
14/07/1950 |
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Honours |
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Present Appointments |
30 |
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Appointment Date |
04/12/2006 |
Function |
Company Secretary |
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Name |
Alan David Street |
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Address |
12 The Heathlands Copperfields |
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Wombourne |
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Wolverhampton |
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West Midlands |
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WV5 8HF |
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Officers Title |
Mr |
Date Of Birth |
14/07/1950 |
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Honours |
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Present Appointments |
30 |
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Appointment Date |
24/02/2006 |
Function |
Director |
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FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.85 |
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UK Pound |
1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)