MIRA INFORM REPORT

 

 

 

Report Date :

23.09.2008

 

IDENTIFICATION DETAILS

 

Name :

CARRBROOK CHEMICALS LTD

 

 

Registered Office :

6 Crown Point Drive,  Ossett, West Yorkshire WF5 8RQ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

28.02.2007

 

 

Date of Incorporation :

14.02.1997

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Other Service Activities

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

[£] 5,000

 

 

Status :

Good

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

Name of the company

 

CARRBROOK CHEMICALS LTD

Number                        03318418

 

company summary

 

Address                           6 CROWN POINT DRIVE,  OSSETT, WEST YORKSHIRE WF5 8RQ

Postcode                         WF5 8RQ

Phone                              01924280611

Type                                Private limited with Share Capital
Company Status Active - Accounts Filed             

Incorporated Date           14/02/1997                    

 

 

Good Credit Worthiness                

Todays Limit [£]           5,000

 

Active CCJ's                                                   0                                                                            

Value of CCJ's [£]                                           £0                                                                            

Number Of Writs                                             0                                                                            

 

Current Directors                                            3                                                                              

Total Directorships                                          3                                                                              

 

 

Trading to Date                                                  28/02/07                   28/02/06                   28/02/05

Turnover                                                            -                               -                               -

Shareholder Funds                                             £56,460                    £45,201                    £7,614

Employees                                                        -                               -                               -

 

Trends                                                                                          

Profitability                                                                               

Liquidity                                                                                   

Shareholders Funds                                                                   

 

 

company information

 

                                                                                    Registered Address     Trading Address

                                                  Telephone Number        01924280611                             Telephone Number         01924 280611

                                                  TPS                             N                                              TPS     

                                                                                    Address            Address

                                                                                          6 Crown Point Drive

6 CROWN POINT DRIVE                                                 OSSETT
Ossett                                                                                WF5 8RQ                                                                              

WEST YORKSHIRE WF5 8RQ                                      
                                                                                   

 

 

                                  Web Address                                              inkdye.com                             Incorporation Date 14/02/1997

                                  Type of Accounts                                         Total Exemption Small             Filing Date of Accounts 18/10/2007

                                  Company Type                                            Private Limited With Share Capital      Date of Latest Accounts                     28/02/2007

                                  Annual Return                                              14/02/2008                                       

 

 

            Industry:

                                                                                                                                                                    Service Activities N. E. C.                                                                                                                                            

                                                                                                                                                                       

 

 

                                                   SIC Code      Description

                                                   9305  Other Service Activities

                                                           

 

 

            Mortgage Charges

                                                                                        Outstanding                                                      1        Satisfied 0

                                                                                                                                                                       

 

 

            Shareholders

                                                                                 Share Capital                                          2            Currency           Gbp

                                                                                                                                               

 

 

 

 

 Secondary Industry Code Details

 

                                                   SIC Code      Description

                                                   9305  Other Service Activities

 

 

Mortgage Details    

 

 

 

Mortgage Type:

debenture

 

Date Charge Created:

20/02/2002

Date Charge Registered:

02/03/2002

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

HSBC BANK PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

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.

 

 

 

Shareholders Details                              

 

 

Name                                                   Shares

                                                             W K Powell      1 Ordinary Gbp 1.00

                                                             B Powell          1 Ordinary Gbp 1.00

 

Trading Address Details                          

 

   Address                                                                                                       Telephone Number         TCPS

   6 CROWN POINT DR OSSETT WEST YORKSHIRE WF5 8RQ                        01924280611                 Y

   6 CROWN POINT DR OSSETT WEST YORKSHIRE WF5 8RQ                        01924280611                 Y

   6 Crown Point Drive Ossett WF5 8RQ                                                                                                 

 

 

accounts

 

PROFIT & LOSS

 

Annual Accounts

03/06-02/07

Change (%)

03/05-02/06

Change (%)

03/04-02/05

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

-

-

-

-

-

 

Wages & Salaries

-

-

-

-

-

 

Directors Emoluments

-

-

-

-

-

 

Operating Profits

-

-

-

-

-

 

Depreciation

268

-20.0 %

335

-

-

 

Audit Fees

-

-

-

-

-

 

Interest Payments

-

-

-

-

-

 

Pre Tax Profit

-

-

-

-

-

 

Taxation

-

-

-

-

-

 

Profit After Tax

-

-

-

-

-

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-

-

-

-

-

 

BALANCE SHEET

 

 

Annual Accounts

03/06-02/07

Change (%)

03/05-02/06

Change (%)

03/04-02/05

 

Tangible Assets

1,073

-20.0 %

1,341

-20.0 %

1,676

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

1,073

-20.0 %

1,341

-20.0 %

1,676

 

Total Current Assets

207,781

0.6 %

206,598

-10.5 %

230,749

 

Trade Debtors

47,948

-

-

-

-

 

Stock

96,656

-21.8 %

123,611

49.5 %

82,693

 

Cash

63,177

999.9%

242

-99.4 %

38,967

 

Other Current Assets

-

-100.0 %

82,745

-24.1 %

109,089

 

Increase In Cash

62,935

262.5 %

-38,725

-48.6 %

-26,064

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

208,854

0.4 %

207,939

-10.5 %

232,425

 

Total Current Liabilities

152,296

-6.3 %

162,584

-27.6 %

224,628

 

Trade Creditors

152,296

-

-

-

-

 

Bank Overdraft

-

-

-

-

-

 

Other Short Term Fin

-

-

-

-

-

 

Miscellaneous Current Liabilities

-

-100.0 %

162,584

-27.6 %

224,628

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

98

-36.4 %

154

-15.8 %

183

 

Bank Overdraft & LTL

98

-36.4 %

154

-15.8 %

183

 

Total Liabilities

152,394

-6.4 %

162,738

-27.6 %

224,811

 

Net Assets

56,460

24.9 %

45,201

493.7 %

7,614

 

Working Capital

55,485

26.1 %

44,014

619.1 %

6,121

 

CAPITALS & RESERVES

 

 

Annual Accounts

03/06-02/07

Change (%)

03/05-02/06

Change (%)

03/04-02/05

 

Paid up equity

2

-

2

-

2

 

P&L Account Reserve

56,458

24.9 %

45,199

493.8 %

7,612

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

56,460

24.9 %

45,201

493.7 %

7,614

 

Net Worth

56,460

24.9 %

45,201

493.7 %

7,614

 

MISCELLANEOUS

 

 

Annual Accounts

03/06-02/07

Change (%)

03/05-02/06

Change (%)

03/04-02/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

56,558

24.7 %

45,355

481.7 %

7,797

 

No of Employees

-

-

-

-

-

     

Auditors

 

 

AuditQualification

No Adverse Comments

 

Bankers

 

 

BankBranchCode

 

 

RATIOS

 

 

Annual Accounts

03/06-02/07

03/05-02/06

03/04-02/05

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.36

1.27

1.03

 

Sales/Net Working Capital

-

0.00

0.00

 

Gearing %

0.2 %

0.3 %

2.4 %

 

Equity in %

27.0 %

21.7 %

3.3 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

0.73

0.51

0.66

 

Return On Capital Employed %

-

0.0 %

0.0 %

 

Return On Total Assets Employed %

-

0.0 %

0.0 %

 

Current Debt Ratio %

2.7 %

3.6 %

29.5 %

 

Total Debt Ratio %

2.7 %

3.6 %

29.5 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

-

0.0 %

0.0 %

 

 

 

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

23/10/2007                                                                      Good Credit Worthiness

27/11/2006                                                                      Good Credit Worthiness

14/12/2005                                                                      Good Credit Worthiness

26/11/2002                                                                      Caution - Credit at your discretion

09/12/2001                                                                      Caution - Credit at your discretion

 

 

group structure

 

No group structure for this company.

 

 

 

Status History

 

 

Date                                   Description

No Status History

 

 

 

 

Event History

 

 

Date               Description

10/03/2008      Annual Returns

18/12/2007      C & M Registrars Limited Has Resigned As Company Secretary

29/10/2007      New Accounts Filed

27/11/2006      New Accounts Filed

14/12/2005      New Accounts Filed

14/03/2005      Annual Returns

08/12/2004      New Accounts Filed

19/11/2004      Annual Returns

09/01/2004      New Account

 

 

 

directors

 

                                      Name                                   William Keith Powell    

                                      Address                                6 Crown Point Drive         

                                                 Ossett

                                                 Wakefield

                                                 West Yorkshire

                                                 WF5 8RQ

                                      Officers Title                        Mr                                 Date Of Birth      11/10/1938

                                      Honours                                                                    Present Appointments   1

                                      Appointment Date                14/02/1997                     Function            Director

                                                                                                                        

 

 

                                      Name                                   Brenda  Powell 

                                      Address                                6 Crown Point Drive         

                                                 Ossett

                                                 Wakefield

                                                 West Yorkshire

                                                 WF5 8RQ

                                      Officers Title                        Ms                                Date Of Birth      04/01/1941

                                      Honours                                                                    Present Appointments   2

                                      Appointment Date                14/02/1997                     Function            Company Secretary

                                                                                                                        

 

 

                                      Name                                   Brenda  Powell 

                                      Address                                6 Crown Point Drive         

                                                 Ossett

                                                 Wakefield

                                                 West Yorkshire

                                                 WF5 8RQ

                                      Officers Title                        Ms                                Date Of Birth      04/01/1941

                                      Honours                                                                    Present Appointments   2

                                      Appointment Date                14/02/1997                     Function            Director

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.72

UK Pound

1

Rs.84.81

Euro

1

Rs.67.60

 

 

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