MIRA
INFORM REPORT
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Report Date : |
27.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
CELSTEEL LIMITED |
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Registered Office : |
29 Queen Street, Newton Stewart, Wigtownshire DG8 6JR |
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Country : |
United Kingdom |
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Financials (as on) : |
05.04.2007 |
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Date of Incorporation : |
11.09.1963 |
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Com. Reg. No.: |
SC039247 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Importers and Exporter of Diamonds and Other Precious
Stones |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
CELSTEEL LIMITED |
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Trading Address |
SUITE 212,100 HATTON GDN,LONDON,EC1N 8NX |
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Telephone |
020-7831-8504 |
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Low Risk - There is a high degree of confidence this
company will prove good for the assigned Credit Limit |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
SC039247 |
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Date of Incorporation |
11/09/1963 |
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Registered Office |
29 Queen Street, Newton Stewart, Wigtownshire DG8 6JR |
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Date of Last Annual Return to
Registry |
08/12/2007 |
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Activities |
Diamonds and other precious stones importers and
exporters. |
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Accounts |
The last filed accounts cover the period to 05/04/2007 and
were filed on 11/10/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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08/12/2007 |
Annual Return |
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05/04/2007 |
Financial Statement / Set of Accounts |
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It should be noted that there is no legal requirement to
file satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
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Address |
73, CAVENDISH HOUSE , LONDON
, NW8 9SQ |
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Country of Origin |
BRITISH |
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Date of Birth |
30/04/1932 |
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Appointment Date |
31/12/1988 |
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Other Appointments |
CELSTEEL LIMITED, URBANWORTHY PROPERTY MANAGEMENT
LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
CAVENDISH HOUSE , ST JOHNS WOOD , LONDON
, NW8 9SQ |
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Country of Origin |
BRITISH |
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Date of Birth |
01/09/1933 |
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Appointment Date |
31/12/1988 |
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Other Appointments |
CELSTEEL LIMITED |
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DIRECTOR |
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Occupation |
DIRECTOR |
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Address |
24, MARDLEY HILL , WELWYN , HERTS
, AL6 0TS |
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Country of Origin |
BRITISH |
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Date of Birth |
29/04/1961 |
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Appointment Date |
06/06/1996 |
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Other Appointments |
CELSTEEL LIMITED |
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SECRETARY |
MR SAMUEL CHIB |
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Address |
73 CAVENDISH HOUSE, , LONDON , NW8 9SQ |
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Country of Origin |
BRITISH |
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Date of Birth |
30/04/1932 |
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Appointment Date |
// |
Recently Resigned Directors (last
3)
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None |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Eileen Margaret Chib |
ORD |
1,000 |
10.00 |
10.00 |
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Linda Webb |
ORD |
800 |
8.00 |
8.00 |
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Mr Gordon Philip Webb |
ORD |
200 |
2.00 |
2.00 |
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Mr Phillip David Chib |
ORD |
4,500 |
45.00 |
45.00 |
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Mr Samuel Chand Chib |
ORD |
3,500 |
35.00 |
35.00 |
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Mortgages and Charges
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Total Registered |
2 |
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Total Outstanding |
2 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
14/04/1992 |
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Date Registered |
27/04/1992 |
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Type |
410 |
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Date Created |
14/04/1992 |
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Lender |
BARCLAYS BANK PLC |
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Secured On |
ALL SUMS DUE, OR TO BECOME DUE |
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Details |
FLAT 73, CAVENDISH HOUSE, WELLINGTON ROAD, LONDON &
GARAGE NO. 50 & PARKING SPACE 11. TITLE NUMBER NGL 693937. |
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Satisfied? |
No |
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Date Registered |
16/09/1981 |
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Type |
9999 |
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Date Created |
09/09/1981 |
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Lender |
MIDLAND BANK PLC |
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Secured On |
ALL SUMS DUE, OR TO BECOME DUE |
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Details |
PENTHOUSE 73, GARAGE 50 AND PARKING SPACE 11 CAVENDISH HOUSE
2141 WELLINGTON ROAD ST. JOHNS WOOD LONDON N W 8 |
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Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
Diamonds and other precious stones importers and
exporters. |
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Sic Code |
Description |
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5170 |
Other wholesale |
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Staff Employed |
4 |
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Auditors |
J. & J.M. Rennie |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion
(i.e. unqualified with no referrals) on the latest accounts. |
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Bankers |
Barclays Bank PLC |
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Sort Codes |
203775 |
Financial Data
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The following figures are shown in units of 000 |
PROFIT AND LOSS
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
05/04/2007 |
05/04/2006 |
05/04/2005 |
05/04/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
BALANCE SHEET
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
05/04/2007 |
05/04/2006 |
05/04/2005 |
05/04/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
421 |
429 |
435 |
446 |
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Total Fixed Assets |
421 |
429 |
435 |
446 |
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TOTAL CURRENT ASSETS |
1,189 |
1,442 |
1,059 |
1,110 |
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Stocks |
433 |
470 |
419 |
444 |
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Trade Debtors |
634 |
608 |
546 |
536 |
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Cash |
122 |
365 |
95 |
131 |
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TOTAL ASSETS |
1,609 |
1,871 |
1,494 |
1,556 |
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TOTAL CURRENT LIABILITIES |
186 |
510 |
251 |
423 |
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Other Current Liabilities |
186 |
510 |
251 |
368 |
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WORKING CAPITAL |
1,002 |
932 |
808 |
687 |
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TOTAL LONG TERM LIABS |
421 |
364 |
315 |
279 |
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Other Long Term Liabilities |
421 |
364 |
315 |
2 |
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NET ASSETS/(LIABILITIES) |
1,423 |
1,361 |
1,243 |
1,133 |
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SHARE CAPITAL + RESERVES |
1,001 |
997 |
928 |
853 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Profit and Loss account |
1,001 |
997 |
928 |
853 |
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SHAREHOLDERS FUNDS |
1,001 |
997 |
928 |
853 |
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CAPITAL EMPLOYED |
1,422 |
1,361 |
1,243 |
1,132 |
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TANGIBLE NET WORTH |
1,001 |
997 |
928 |
853 |
KEY CREDIT RATIOS
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Accounts Date |
05/04/2007 |
05/04/2006 |
05/04/2005 |
05/04/2004 |
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Current Ratio |
6.39 |
2.83 |
4.22 |
2.62 |
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Quick Ratio |
4.06 |
1.91 |
2.55 |
1.57 |
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T.N.W/Total Assets |
0.62 |
0.53 |
0.62 |
0.55 |
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Equity Gearing |
0.02 |
0.03 |
0.03 |
4.27 |
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Solvency (%) |
60.64 |
87.66 |
60.99 |
82.30 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by 8%
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Tangible
Net Worth |
Net worth increased by 4,000 during the period and now
stands at GBP 1,001,000 |
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Fixed
Assets |
The subjects fixed assets reduced during the period by GBP
8,000 to GBP 421,000 and are now 26% of total assets compared with
23% in the previous period |
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Long
Term Liabilities |
The company's long term liabilities increased during the
period by 16% and are now 42% of net worth compared with 37% in the previous
period |
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Long
Term Liabilities |
Long term liabilities are now 26% of total assets compared
with 19% in the previous period |
FOREIGN EXCHANGE
RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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%)