MIRA INFORM REPORT

 

 

Report Date :

01.08.2011

 

IDENTIFICATION DETAILS

 

Name :

S. SACKER (CLAYDON) LIMITED 

 

 

Formerly Known As :

CLAYDON METALS LIMITED

 

 

Registered Office :

Railway Sidings, Gipping Road, Great, Blakenham, Ipswich Ip6 0jb

 

 

Country :

United States 

 

 

Financials (as on) :

30.04.2010

 

 

Date of Incorporation :

03.11.1980

 

 

Com. Reg. No.:

01526052

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale of waste & scrap

 

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 :

£65,000

Status :

Satisfactory

Payment :

No Complaints

Litigation :

Clear

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company summary

 

Company Name

S. SACKER (CLAYDON) LIMITED

Company Number

01526052

Registered Address

RAILWAY SIDINGS

Trading Address

Railway Sidings
Gipping Road, Great
Blakenham,
Ipswich
IP6 0JB

 

GIPPING ROAD, GREAT

 

 

BLAKENHAM, IPSWICH

 

 

IP6 0JB

 

 

 

 

 

Website Address

http://www.sackers.co.uk  

 

 

Telephone Number

01473830373

Fax Number

 

TPS

No

FPS

No

Incorporation Date

03/11/1980

Company Status

Active – Accounts Filed

Previous Name

CLAYDON METALS LIMITED

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

06/10/2010

Date of Change

07/02/1985

Share Capital

£100

Sic Code

5157

Currency

GBP

Sic Description

WHOLESALE OF WASTE & SCRAP

Principal Activity

Scarp metal recycling.

 

 

Credit Limit

 

Limit

£65,000

Previous Limit

£26,000

Contract Limit

£1,550,000

 

 

 

 

Commentary

 

No exact match CCJs are recorded against the company.

The credit limit on this company has risen 150% in comparison to the previously suggested credit limit.

The previous 12 month trading period saw a rise in Sales of 58.8%.

In the previous 12 month trading period Net Worth increased by 1.8%.

A 11.9% growth in Total Assets occurred in the previous 12 month trading period.

Pre-tax profits decreased by 15.5% in the previous 12 month trading period.

The company saw an increase in their Cash Balance of 105.2% in the previous 12 month trading period.

The audit report contains no adverse comments.

No recent changes in directorship are recorded.

The company is not part of a group.

The company was established over 29 years ago.

 

 

Last 3 Years Credit Limit

 

Date

Limit

31/12/2010

£65,000

31/12/2009

£105,000

31/12/2008

65

£60,000

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

30/04/2010

£17,392,445

£65,842

£2,360,452

51

30/04/2009

£10,949,938

£77,905

£2,319,200

48

30/04/2008

£12,060,455

£424,034

£2,246,715

44

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade Debtors / Bad Debt -

1

 

Total Value of Documented Trade Debtors / Bad Debt -

£2,585

 

 

 

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

0

 

 

 

 

Exact CCJ Details

 

There are no exact CCJ details

 

 

Possible CCJ Details

 

There are no possible CCJ details

 

 

Writ Details

 

There are no writ details

 

 

Mortgage Summary

 

Outstanding

8

Satisfied

8

 

Total Current Directors

5

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

4

 

 

Current Directors

 

Name

Charles Anthony Robert Dodds

Date of Birth

06/05/1931

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

09/07/1991

 

 

Address

Railway Sidings,  Gipping Road, Great,  Blakenham, Ipswich,  IP6 0JB

 

 

Name

Beryl Ida Dodds

Date of Birth

08/09/1934

Officers Title

Mrs

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

09/07/1995

 

 

Address

Railway Sidings,  Gipping Road, Great,  Blakenham, Ipswich,  IP6 0JB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Adrian Alexander Dodds

Date of Birth

17/12/1960

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

09/07/1991

 

 

Address

Railway Sidings,  Gipping Road, Great,  Blakenham, Ipswich,  IP6 0JB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

David Graeme Dodds

Date of Birth

28/07/1962

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

09/07/1991

 

 

Address

Railway Sidings,  Gipping Road, Great,  Blakenham, Ipswich,  IP6 0JB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Ewan Christopher Cameron Dodds

Date of Birth

01/10/1959

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Director

Appointment Date

09/07/1991

 

 

Address

Railway Sidings,  Gipping Road, Great,  Blakenham, Ipswich,  IP6 0JB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

Current Company Secretary

 

Name

Ewan Christopher Cameron Dodds

Date of Birth

01/10/1959

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Company Secretary

Appointment Date

01/10/1994

 

 

Address

Railway Sidings,  Gipping Road, Great,  Blakenham, Ipswich,  IP6 0JB

 

 

Top 20 Shareholders

 

Name

Individual Share Value

MR ADRIAN ALEXANDER DODDS

30 ORDINARY GBP 1.00

MR DAVID GRAEME DODDS

30 ORDINARY GBP 1.00

MR CHARLES ANTHONY ROBERT DODDS

15 ORDINARY GBP 1.00

MRS BERYL IDA DODDS

15 ORDINARY GBP 1.00

EWAN CHRISTOPHER CAMERON DODDS

10 ORDINARY GBP 1.00

 

 

Profit & Loss

 

Date Of Accounts

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

(%)

30/04/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£17,392,445

58.8%

£10,949,938

-9.2%

£12,060,455

-

-

-

-

Export

-

-

£3,960,422

-20.5%

£4,981,117

-

-

-

-

Cost of Sales

-

-

£9,180,455

-8.4%

£10,018,256

-

-

-

-

Gross Profit

-

-

£1,769,483

-13.4%

£2,042,199

14.5%

£1,783,470

12.2%

£1,589,188

Wages & Salaries

£1,369,662

5.2%

£1,301,626

5.5%

£1,234,280

6.6%

£1,157,768

14.7%

£1,009,624

Directors Emoluments

£247,702

-16%

£294,960

-17%

£355,537

7.3%

£331,413

14.3%

£289,879

Operating Profit

£377,026

8.6%

£347,256

-46.5%

£649,005

77.1%

£366,422

-5.3%

£387,023

Depreciation

£543,850

999.9%

£6,500

-98.2%

£368,303

-84.1%

£2,318,882

620.7%

£321,764

Audit Fees

-

-

-

-

-

-

£5,400

4.3%

£5,176

Interest Payments

£311,198

14.4%

£271,934

18%

£230,481

63%

£141,381

88.7%

£74,910

Pre Tax Profit

£65,842

-15.5%

£77,905

-81.6%

£424,034

84.4%

£229,947

-39.2%

£378,329

Taxation

-£24,590

-353.7%

-£5,420

97.1%

-£187,690

-294.9%

-£47,532

48.3%

-£91,977

Profit After Tax

£41,252

-43.1%

£72,485

-69.3%

£236,344

29.6%

£182,415

-36.3%

£286,352

Dividends Payable

-

-

-

-100%

£30,000

-50.5%

£60,633

-17.3%

£73,277

Retained Profit

£41,252

-43.1%

£72,485

-64.9%

£206,344

69.4%

£121,782

-42.8%

£213,075

 

 

Balance Sheet

 

Date Of Accounts

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

(%)

30/04/06

Tangible Assets

£7,142,164

-0.3%

£7,162,352

20.5%

£5,941,451

66.5%

£3,568,717

58.4%

£2,252,630

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£7,142,164

-0.3%

£7,162,352

20.5%

£5,941,451

66.5%

£3,568,717

58.4%

£2,252,630

Stock

£1,105,403

42.9%

£773,649

31.3%

£589,229

-18%

£718,400

0.3%

£716,325

Trade Debtors

£1,605,688

65.5%

£970,205

-60.4%

£2,449,110

45%

£1,689,044

33.3%

£1,267,182

Cash

£61,559

105.2%

£29,998

-30.5%

£43,149

-93.3%

£645,646

-15.2%

£761,669

Other Debtors

£405,254

39.8%

£289,811

97.5%

£146,729

38.3%

£106,090

78.5%

£59,432

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£3,177,904

54%

£2,063,663

-36.1%

£3,228,217

2.2%

£3,159,180

12.6%

£2,804,608

Trade Creditors

£1,579,522

37.9%

£1,145,449

-41%

£1,940,065

65.9%

£1,169,541

34.1%

£872,273

Bank Loans & Overdrafts

£883,859

102.2%

£437,222

49.9%

£291,610

-69.4%

£953,973

-14.4%

£1,115,052

Other Short Term Finance

£201,698

56.6%

£128,839

-34.9%

£197,971

14.5%

£172,910

-3.7%

£179,601

Miscellaneous Current Liabilities

£687,625

64%

£419,253

-14.7%

£491,475

0%

£491,633

12.2%

£438,331

Total Current Liabilities

£3,352,704

57.3%

£2,130,763

-27.1%

£2,921,121

4.8%

£2,788,057

7%

£2,605,257

Bank Loans & Overdrafts and LTL

£5,490,771

5.3%

£5,213,274

21.4%

£4,293,442

50.5%

£2,853,442

73.1%

£1,648,444

Other Long Term Finance

£209,861

22.5%

£171,321

-23.9%

£224,995

7.4%

£209,557

-47.4%

£398,449

Total Long Term Liabilities

£4,606,912

-3.5%

£4,776,052

19.3%

£4,001,832

110.7%

£1,899,469

256.1%

£533,392

 

 

Capital & Reserves

 

Date Of Accounts

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

(%)

30/04/06

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£2,360,352

1.8%

£2,319,100

3.2%

£2,246,615

10.1%

£2,040,271

6.3%

£1,918,489

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£2,360,452

1.8%

£2,319,200

3.2%

£2,246,715

10.1%

£2,040,371

6.3%

£1,918,589

 

 

Other Financial Items

 

Date Of Accounts

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

(%)

30/04/06

Net Worth

£2,360,452

1.8%

£2,319,200

3.2%

£2,246,715

10.1%

£2,040,371

6.3%

£1,918,589

Working Capital

-£174,800

-160.5%

-£67,100

-121.8%

£307,096

-17.3%

£371,123

86.2%

£199,351

Total Assets

£10,320,068

11.9%

£9,226,015

0.6%

£9,169,668

36.3%

£6,727,897

33%

£5,057,238

Total Liabilities

£7,959,616

15.2%

£6,906,815

-0.2%

£6,922,953

47.7%

£4,687,526

49.3%

£3,138,649

Net Assets

£2,360,452

1.8%

£2,319,200

3.2%

£2,246,715

10.1%

£2,040,371

6.3%

£1,918,589

 

 

Cash Flow

 

Date Of Accounts

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

(%)

30/04/06

Net Cashflow from Operations

£653,038

-63.8%

£1,802,867

999.9%

£74,688

-87.9%

£619,813

-7.6%

£670,747

Net Cashflow before Financing

-£70,838

90%

-£710,806

57.7%

-£1,680,380

-39.1%

-£1,207,693

-722%

-£146,923

Net Cashflow from Financing

-£291,465

-147.2%

£618,081

-64.6%

£1,747,366

34.6%

£1,298,666

607.9%

-£255,690

Increase in Cash

-£362,303

-290.7%

-£92,725

-238.4%

£66,986

-26.4%

£90,973

-16.4%

£108,767

 

 

Miscellaneous

 

Date Of Accounts

30/04/10

(%)

30/04/09

(%)

30/04/08

(%)

30/04/07

(%)

30/04/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£6,967,364

-1.8%

£7,095,252

13.6%

£6,248,547

58.6%

£3,939,840

60.7%

£2,451,981

Number of Employees

51

6.3%

48

9.1%

44

4.8%

42

7.7%

39

Auditors

ENSORS

Auditor Comments

The audit report contains no adverse comments

Bankers

HSBC BANK PLC

Bank Branch Code

20-98-07

 

 

Ratios

 

Date Of Accounts

30/04/10

30/04/09

30/04/08

30/04/07

30/04/06

Pre-tax profit margin %

0.38

0.71

3.52

-

-

Current ratio

0.95

0.97

1.11

1.13

1.08

Sales/Net Working Capital

-99.50

-163.19

39.27

-

-

Gearing %

232.60

224.80

191.10

139.80

85.90

Equity in %

22.90

25.10

24.50

30.30

37.90

Creditor Days

33.05

38.07

58.55

-

-

Debtor Days

33.60

32.25

73.91

-

-

Liquidity/Acid Test

0.61

0.60

0.90

0.88

0.80

Return On Capital Employed %

0.94

1.09

6.78

5.84

15.43

Return On Total Assets Employed %

0.63

0.84

4.62

3.41

7.48

Current Debt Ratio

1.42

0.91

1.30

1.36

1.36

Total Debt Ratio

3.37

2.97

3.08

2.29

1.64

Stock Turnover Ratio %

6.35

7.06

4.88

-

-

Return on Net Assets Employed %

2.78

3.35

18.87

11.27

19.72

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

 

15/10/2010

New Accounts Filed

 

30/08/2010

Annual Returns

 

14/01/2010

New Accounts Filed

 

14/01/2010

New Accounts Filed

 

14/08/2009

Annual Returns

 

16/12/2008

New Accounts Filed

 

14/08/2008

Annual Returns

 

20/12/2007

New Accounts Filed

 

15/03/2007

New Accounts Filed

 

15/03/2006

New Accounts Filed

 

14/01/2005

New Accounts Filed

 

23/07/2004

Annual Returns

 

05/05/2004

New Accounts Filed

 

04/05/2004

New Accounts Filed

 

29/03/2004

company principal activities

 

 

 

Limit History

 

Date

Limit

15/10/2010

£65,000

27/08/2010

£26,000

24/05/2010

£25,000

27/04/2010

£0

14/01/2010

£25,000

13/01/2010

£140,000

12/08/2009

£105,000

20/02/2009

£110,000

16/12/2008

£60,000

20/12/2007

£60,000

 

 

Previous Company Names

 

Date

Previous Name

 

07/02/1985

CLAYDON METALS LIMITED

 

31/12/1981

WALEPARK LIMITED

 

 

 

Group Structure Summary

 

Company Name

S. SACKER (CLAYDON) LIMITED

Company Number

01526052

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

 

Group structure

 

No group structure

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.16

UK Pound

1

Rs.72.10

Euro

1

Rs.63.10

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.