MIRA INFORM REPORT

 

 

Report Date :           

07.06.2011

 

IDENTIFICATION DETAILS

 

Name :

KAZSTROYSERVICE LIMITED

 

 

Formerly Known As :

KAZSTROYSERVICE PLC

 

 

Registered Office :

8 Baden Place, Crosby Row, London Se1 1yw

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

30.03.2006

 

 

Com. Reg. No.:

05763326

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

A group engaged in investment in various entities who are involved in the business of engineering, procurement and construction (EPC) projects. Accounts data converted from US dollars

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

£5,250,000

 

 

Status :

Good

 

 

Payment Behaviour :

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

 Bottom of Form

 

Top of Form

Company Name

KAZSTROYSERVICE LIMITED

Company Number

05763326

Registered Address

8 BADEN PLACE

Trading Address

8 Baden Place
Crosby Row
SE1 1YW

 

CROSBY ROW

 

 

LONDON

 

 

SE1 1YW

 

 

 

 

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

30/03/2006

Company Status

Active - Accounts Filed

Previous Name

KAZSTROYSERVICE PLC

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

04/05/2011

Date of Change

25/03/2008

Share Capital

£50,400

Sic Code

7487

Currency

GBP

Sic Description

OTHER BUSINESS ACTIVITIES

Principal Activity

A group engaged in investment in various entities who are involved in the business of engineering, procurement and construction (EPC) projects. Accounts data converted from US dollars.

Accounts Due Date

30/09/2012

Credit Limit

 

Limit

£5,250,000

Previous Limit

£5,200,000

Contract Limit

£50,000,000

 

 

 

 

Commentary

 

No exact match CCJs are recorded against the company.

The credit limit on this company has risen 1% in comparison to the previously suggested credit limit.

The previous 12 month trading period saw a drop in Sales of 28.5%.

In the previous 12 month trading period Net Worth increased by 40.8%.

A 15.8% growth in Total Assets occurred in the previous 12 month trading period.

Pre-tax profits decreased by 57.7% in the previous 12 month trading period.

The company saw an increase in their Cash Balance of 304.1% in the previous 12 month trading period.

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is part of a group.

The company was established over 5 years ago.

 

 

Last 3 Years Credit /Limit

 

Date

Limit

31/12/2010

£5,050,000

31/12/2009

£3,000,000

31/12/2008

£3,500,000

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2010

£436,249,518

£69,561,723

£197,102,011

7711

31/12/2009

£610,100,567

£164,587,535

£140,150,908

7140

31/12/2008

£211,911,333

£14,938,065

£62,946,326

4225

 

 

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

0

Satisfied

0

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

4

 

 

Current Directors

 

Name

Pankaj Jain

Date of Birth

14/06/1961

Officers Title

Mr

Nationality

Indian

Present Appointments

2

Function

Director

Appointment Date

06/09/2006

 

 

Address

F-146, Richmond Park,  Dlf City Ph - Iv,  Gurgaon Haryana,

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Simon Byrne

Date of Birth

08/09/1967

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

19/01/2009

 

 

Address

30 Nightingale Square,  ,  London,  SW12 8QN

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

CORNHILL SECRETARIES LIMITED

Date of Birth

-

Officers Title

 

Nationality

British

Present Appointments

1054

Function

Company Secretary

Appointment Date

30/03/2006

 

 

Address

St Paul's House,  Warwick Lane,  London,  EC4M 7BP

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 




Top 20 Shareholders

 

Name

Individual Share Value

KAZSTROYSERVICES HOLDING LTD

46,120 ORDINARY GBP 1.00

ELQ INVESTORS LIMITED

2,520 ORDINARY GBP 1.00

CREDIT SUISSE ACTING THROUGH ITS GUERNSEY BRANCH

1,260 ORDINARY GBP 1.00

MERCURY DEVELOPMENT GROUP LIMITED

250 ORDINARY GBP 1.00

ARVIND TIKU

250 ORDINARY GBP 1.00

 

 

Profit & Loss

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

Y

(%)

Y

(%)

Y

(%)

Y

(%)

N

Turnover

£436,249,518

-28.5%

£610,100,567

187.9%

£211,911,333

-18.5%

£259,911,505

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£357,067,360

-

£407,210,900

-

£161,292,613

-

£197,192,027

-

-

Gross Profit

£79,182,158

-61%

£202,889,667

300.8%

£50,618,720

-19.3%

£62,719,478

-

-

Wages & Salaries

£77,174,267

10.9%

£69,583,241

55.5%

£44,743,078

99%

£22,487,645

-

-

Directors Emoluments

£2,156,127

-21.7%

£2,752,576

3.4%

£2,662,341

999.9%

£139,847

-

-

Operating Profit

£64,847,747

-61.9%

£169,982,192

891.9%

£17,137,290

-64.9%

£48,881,002

-

-

Depreciation

£16,591,763

12.1%

£14,797,397

43.4%

£10,317,893

-57.6%

£24,357,305

-

-

Audit Fees

£28,157

1.1%

£27,847

7.7%

£25,848

93.6%

£13,351

-

-

Interest Payments

£6,477,787

-53.2%

£13,848,221

8.1%

£12,810,076

92.6%

£6,650,439

-

-

Pre Tax Profit

£69,561,723

-57.7%

£164,587,535

999.9%

£14,938,065

-76.9%

£64,763,532

-

-

Taxation

-£13,569,843

62.8%

-£36,502,843

-744%

-£4,325,030

72.6%

-£15,797,568

-

-

Profit After Tax

£55,991,880

-56.3%

£128,084,692

999.9%

£10,613,035

-78.3%

£48,965,964

-

-

Dividends Payable

-

-100%

£33,607,641

-

-

-

-

-

-

Retained Profit

£55,991,880

-40.7%

£94,477,051

790.2%

£10,613,035

-78.3%

£48,965,964

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Tangible Assets

£151,746,072

23%

£123,383,045

-2.8%

£126,985,519

71.2%

£74,167,988

-

0

Intangible Assets

£944,870

7%

£882,923

18.9%

£742,415

999.9%

£60,223

-

0

Total Fixed Assets

£152,690,942

22.9%

£124,265,968

-2.7%

£127,727,933

72.1%

£74,228,211

-

0

Stock

£25,494,076

-37.7%

£40,904,029

-41.1%

£69,474,732

317.1%

£16,658,429

-

0

Trade Debtors

£253,180,642

41.7%

£178,684,476

143.3%

£73,441,133

22.3%

£60,050,959

-

0

Cash

£66,245,327

304.1%

£16,391,828

-59.8%

£40,774,514

34.6%

£30,300,888

-

0

Other Debtors

0

-100%

£73,295,010

-28.1%

£101,987,745

406.1%

£20,150,992

-

0

Miscellaneous Current Assets

£6,405,649

282.6%

£1,674,268

-96.5%

£48,463,115

999.9%

£2,575,905

-

0

Total Current Assets

£351,325,693

13%

£310,949,611

-6.9%

£334,141,238

157.6%

£129,737,173

-

0

Trade Creditors

£43,947,191

-15.3%

£51,913,593

38.2%

£37,567,087

189.4%

£12,980,853

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

£48,762,501

-22.1%

£62,562,103

27.9%

£48,926,143

-21%

£61,906,995

-

0

Miscellaneous Current Liabilities

£156,864,731

6.6%

£147,129,730

-45.4%

£269,575,757

367.7%

£57,639,105

-

0

Total Current Liabilities

£249,574,423

-4.6%

£261,605,426

-26.5%

£356,068,987

168.7%

£132,526,954

-

0

Bank Loans & Overdrafts and LTL

£57,340,201

71.4%

£33,459,245

-21.9%

£42,853,858

123.8%

£19,144,355

-

0

Other Long Term Finance

0

-100%

£766,723

-64.5%

£2,159,086

-38.4%

£3,506,124

-

0

Total Long Term Liabilities

£57,340,201

71.4%

£33,459,245

-21.9%

£42,853,858

123.8%

£19,144,355

-

0

Capital & Reserves

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Called Up Share Capital

£60,306

-

£60,306

-7%

£64,877

6.5%

£60,928

-

-

P & L Account Reserve

£208,800,134

36.6%

£152,808,254

143.5%

£62,752,689

28.2%

£48,965,964

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-£11,758,429

7.5%

-£12,717,652

-999.9%

£128,760

-96.1%

£3,267,183

-

-

Shareholder Funds

£197,102,011

40.6%

£140,150,908

122.7%

£62,946,326

20.4%

£52,294,075

-

-

 

 

Other Financial Items

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Worth

£196,157,141

40.8%

£139,267,985

123.9%

£62,203,911

19.1%

£52,233,851

-

-

Working Capital

£101,751,270

106.2%

£49,344,185

325%

-£21,927,749

-686%

-£2,789,782

-

-

Total Assets

£504,016,634

15.8%

£435,215,578

-5.8%

£461,869,172

126.4%

£203,965,384

-

-

Total Liabilities

£306,914,623

4%

£295,064,671

-26%

£398,922,846

163%

£151,671,309

-

-

Net Assets

£197,102,011

40.6%

£140,150,908

122.7%

£62,946,326

20.4%

£52,294,075

-

-

 

 

Cash Flow

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Cashflow from Operations

£82,154,365

999.9%

£4,033,369

-93.8%

£64,639,327

25.1%

£51,663,346

-

-

Net Cashflow before Financing

£80,275,590

999.9%

-£1,774,217

-108.9%

£19,993,517

364.3%

-£7,563,484

-

-

Net Cashflow from Financing

-£30,422,092

-54.1%

-£19,735,541

-71.9%

-£11,483,819

-130.3%

£37,864,372

-

-

Increase in Cash

£49,853,498

331.8%

-£21,509,757

-352.8%

£8,509,698

-71.9%

£30,300,888

-

-

 

Miscellaneous

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Contingent Liability

YES

-

YES

-

YES

-

YES

-

NO

Capital Employed

£254,442,212

46.6%

£173,610,153

64.1%

£105,800,184

48.1%

£71,438,429

-

-

Number of Employees

7711

8%

7140

69%

4225

61.4%

2617

-

-

Auditors

ANTHONY TISCOE & CO

Auditor Comments

The audit report contains no adverse comments

Bankers

 

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/12/10

31/12/09

31/12/08

31/12/07

31/12/06

Pre-tax profit margin %

15.95

26.98

7.05

24.92

-

Current ratio

1.41

1.19

0.94

0.98

-

Sales/Net Working Capital

4.29

12.36

-9.66

-93.17

-

Gearing %

29.10

23.90

68.10

36.60

0

Equity in %

39.20

32.30

13.70

25.60

-

Creditor Days

36.66

30.97

64.52

18.17

-

Debtor Days

211.25

106.60

126.14

84.09

-

Liquidity/Acid Test

1.30

1.03

0.74

0.85

-

Return On Capital Employed %

27.33

94.80

14.11

90.65

-

Return On Total Assets Employed %

13.80

37.81

3.23

31.75

-

Current Debt Ratio

1.26

1.86

5.65

2.53

-

Total Debt Ratio

1.55

2.10

6.33

2.90

-

Stock Turnover Ratio %

5.84

6.70

32.78

6.40

-

Return on Net Assets Employed %

35.29

117.43

23.73

123.84

-

 

 

Status History

 

No Status History found

 



*Event History

 

Date

Description

 

01/06/2011

Mr G.J. Thieffry has left the board

 

17/05/2011

New Accounts Filed

 

17/05/2011

New Accounts Filed

 

18/09/2010

New Accounts Filed

 

18/09/2010

New Accounts Filed

 

08/09/2010

Mr A. Tiku has left the board

 

29/04/2010

Annual Returns

 

12/11/2009

New Accounts Filed

 

12/11/2009

New Accounts Filed

 

21/06/2009

Annual Returns

 

18/06/2009

New Board Member Mr S. Byrne appointed

 

04/11/2008

New Accounts Filed

 

09/09/2008

Annual Returns

 

15/08/2008

New Board Member Mr G.J. Thieffry appointed

 

07/05/2008

Change of Name

 

 

 

Limit History

 

Date

Limit

17/05/2011

£5,250,000

10/05/2011

£5,200,000

18/09/2010

£5,050,000

04/09/2010

£2,950,000

12/11/2009

£3,000,000

09/11/2009

-

02/10/2009

£2,450,000

06/03/2009

£2,450,000

04/11/2008

£3,500,000

09/10/2007

£0

 

 

Previous Company Names

 

 

Date

Previous Name

Companies House Documents

 

 

25/03/2008

KAZSTROYSERVICE PLC

 

 

 

 

 

 

 

Group Structure Summary

 

Company Name

KAZSTROYSERVICE LIMITED

Company Number

05763326

Holding Company

-

Ownership Status

Intermediately Owned

Ultimate Holding Company

KAZSTROY INFRASTRUCTURE BVI

Companies in group

4

 

 

Group structure

 

Company Name

 

Safe Number

Registered Number

Latest Key Financials

Consol. Accounts

Rating

Limit

Turnover

KAZSTROY INFRASTRUCTURE BVI

 

 

 

-

-

-

-

 

KAZSTROYSERVICE HOLDING LTD

 

 

 

-

-

-

-

 

KAZSTROYENGINEERING (UK) L...

 

UK06161472

06518394

31.12.2009

Y

87

£540,000

£113,396,024

KAZSTROYSERVICE LIMITED

 

UK05407352

05763326

31.12.2010

Y

94

£5,250,000

£436,249,518



Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.72

UK Pound

1

Rs.73.46

Euro

1

Rs.65.47

 

 

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

----

NB

New Business

----

 

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.