MIRA INFORM REPORT

 

 

Report Date :

02.03.2011

 

IDENTIFICATION DETAILS

 

Name :

ORB ELECTRICAL STEELS LIMITED

 

 

Registered Office :

Orb Works Stephenson Street Newport NP19 0RB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

23.08.1991

 

 

Com. Reg. No.:

02640894

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Non-Trading or Ceased to Trade

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Non Trading Company

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

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 – June 30, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Summary

 

 

Top of Form

Company Name

ORB ELECTRICAL STEELS LIMITED

Company Number

02640894

Registered Address

ORB WORKS STEPHENSON STREET

Trading Address

PO Box 30, Orb Works
Corporation Road
Newport
NP19 0XT

 

NEWPORT

 

 

 

 

 

NP19 0RB

 

 

 

 

 

Website Address

http://www.sankeyscott.co.uk

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

23/08/1991

Company Status

Company not trading

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

07/07/2010

Date of Change

-

Share Capital

£2

Sic Code

7499

Currency

GBP

Sic Description

NON-TRADING OR CEASED TO TRADE

Principal Activity

Processing of steel coil.

Accounts Due Date 31/12/2011

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2010

-

£37,332

£2

-

31/03/2009

-

-

-

-

29/03/2008

-

-

-

-

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

1

 

Total Current Directors

3

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

11

 

Current Directors

 

Name

Syed Anwar Hasan

Date of Birth

27/09/1942

Officers Title

Mr

Nationality

Indian

Present Appointments

14

Function

Director

Appointment Date

19/07/2007

 

 

Address

Orb Works Stephenson Street,  ,  Newport,  NP19 0RB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Joanna Mary Regan

Date of Birth

06/08/1965

Officers Title

Mrs

Nationality

British

Present Appointments

10

Function

Director

Appointment Date

15/01/2008

 

 

Address

Orb Works Stephenson Street,  ,  Newport,  NP19 0RB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

James Peter Naylor

Date of Birth

01/01/1951

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

21/04/2009

 

 

Address

Orb Works Stephenson Street,  ,  Newport,  NP19 0RB

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

Andrew David Elias

Date of Birth

-

Officers Title

Mr

Nationality

British

Present Appointments

7

Function

Company Secretary

Appointment Date

28/06/2002

 

 

Address

Orb Works Stephenson Street,  ,  Newport,  NP19 0RB

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Top 20 Shareholders

 

Name

Individual Share Value

NEWPORT & SOUTH WALES TUBE COMPANY LTD

1 ORDINARY GBP 1.00

COGENT POWER LTD

1 ORDINARY GBP 1.00

 

Profit & Loss

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

29/03/08

(%)

30/12/06

(%)

31/12/05

Weeks

52

(%)

52

(%)

65

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

£168,926,000

39.6%

£121,007,000

Export

-

-

-

-

-

-

£137,550,000

47.4%

£93,292,000

Cost of Sales

-

-

-

-

-

-

£114,104,000

21.4%

£94,002,000

Gross Profit

-

-

-

-

-

-

£54,822,000

103%

£27,005,000

Wages & Salaries

-

-

-

-

-

-

£14,004,000

17.4%

£11,926,000

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-£445,300

-

-

-

-

-

£43,382,000

129.6%

£18,895,000

Depreciation

-

-

-

-

-

-

£2,107,000

-1%

£2,128,000

Audit Fees

-

-

-

-

-

-

£25,000

-

£25,000

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

£37,332

-

-

-

-

-

£44,002,000

128.4%

£19,267,000

Taxation

-

-

-

-

-

-

-£13,112,000

-127.5%

-£5,764,000

Profit After Tax

£37,332

-

-

-

-

-

£30,890,000

128.8%

£13,503,000

Dividends Payable

£32,456,869

-

-

-

-

-

£49,867,000

-

-

Retained Profit

-£32,419,537

-

-

-

-

-

-£18,977,000

-240.5%

£13,503,000

 

Balance Sheet

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

29/03/08

(%)

30/12/06

(%)

31/12/05

Tangible Assets

£1

-

0

-

0

-100%

£20,096,000

7.1%

£18,763,000

Intangible Assets

0

-

0

-

0

-100%

£40,000

-29.8%

£57,000

Total Fixed Assets

£1

-

0

-

0

-100%

£20,136,000

7%

£18,820,000

Stock

0

-

0

-

0

-

0

-100%

£9,490,000

Trade Debtors

0

-

0

-

0

-100%

£24,028,000

44.5%

£16,627,000

Cash

0

-

0

-

0

-100%

£22,783,000

57.4%

£14,474,000

Other Debtors

£1

-

0

-

0

-100%

£19,564,000

3%

£18,990,000

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1

-

0

-

0

-100%

£66,375,000

11.4%

£59,581,000

Trade Creditors

0

-

0

-

0

-100%

£25,940,000

113.3%

£12,162,000

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-100%

£9,185,000

184.3%

£3,231,000

Miscellaneous Current Liabilities

0

-

0

-

0

-100%

£16,745,000

79.6%

£9,326,000

Total Current Liabilities

0

-

0

-

0

-100%

£51,870,000

109.8%

£24,719,000

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-100%

£2,221,000

-2.8%

£2,285,000

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-100%

£2,221,000

-2.8%

£2,285,000

 

Capital & Reserves

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

29/03/08

(%)

30/12/06

(%)

31/12/05

Called Up Share Capital

£2

-

-

-

-

-100%

£32,000,000

-

£32,000,000

P & L Account Reserve

-

-

-

-

-

-100%

£420,000

-97.8%

£19,397,000

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£2

-

-

-

-

-100%

£32,420,000

-36.9%

£51,397,000

 

Other Financial Items

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

29/03/08

(%)

30/12/06

(%)

31/12/05

Net Worth

£2

-

-

-

-

-100%

£32,380,000

-36.9%

£51,340,000

Working Capital

£1

-

-

-

-

-100%

£14,505,000

-58.4%

£34,862,000

Total Assets

£2

-

-

-

-

-100%

£86,511,000

10.3%

£78,401,000

Total Liabilities

-

-

-

-

-

-100%

£54,091,000

100.3%

£27,004,000

Net Assets

£2

-

-

-

-

-100%

£32,420,000

-36.9%

£51,397,000

 

Cash Flow

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

29/03/08

(%)

30/12/06

(%)

31/12/05

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

29/03/08

(%)

30/12/06

(%)

31/12/05

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£2

-

-

-

-

-100%

£34,641,000

-35.5%

£53,682,000

Number of Employees

-

-

-

-

-

-

410

2%

402

Auditors

DELOITTE LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

LLOYDS TSB BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/03/10

31/03/09

29/03/08

30/12/06

31/12/05

Pre-tax profit margin %

-

-

-

26.05

15.92

Current ratio

-

-

-

1.28

2.41

Sales/Net Working Capital

-

-

-

11.65

-

Gearing %

0

0

0

6.90

4.40

Equity in %

100

-

-

37.50

65.60

Creditor Days

-

-

-

55.90

36.68

Debtor Days

-

-

-

51.78

50.15

Liquidity/Acid Test

-

-

-

1.28

2.03

Return On Capital Employed %

1866600

-

-

127.02

35.89

Return On Total Assets Employed %

1866600

-

-

50.86

24.57

Current Debt Ratio

-

-

-

1.59

0.48

Total Debt Ratio

-

-

-

1.66

0.53

Stock Turnover Ratio %

-

-

-

-

7.84

Return on Net Assets Employed %

1866600

-

-

135.72

37.49

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

 

09/10/2010

Annual Returns

 

16/07/2010

New Accounts Filed

 

02/09/2009

Annual Returns

 

28/08/2009

Annual Returns

 

27/08/2009

Change in Reg.Office

 

03/07/2009

New Accounts Filed

 

29/04/2009

Mr M. McOmish has left the board

 

29/04/2009

New Board Member Mr J.P. Naylor appointed

 

22/12/2008

Change in Reg.Office

 

22/12/2008

Change of Company Postcode

 

21/12/2008

New Accounts Filed

 

18/09/2008

Annual Returns

 

07/02/2008

New Board Member Ms J.M. Regan appointed

 

03/09/2007

Annual Returns

 

20/08/2007

New Accounts Filed

 

 

Limit History

 

Date

Limit

29/04/2009

-

03/09/2007

£0

20/08/2007

£3,500,000

01/11/2006

£5,000,000

11/08/2005

£1,000,000

 

Previous Company Names

 

No Previous Names found

 

Group Structure Summary

 

Company Name

ORB ELECTRICAL STEELS LIMITED

Company Number

02640894

Holding Company

COGENT POWER LIMITED

Ownership Status

Intermediately Owned

Ultimate Holding Company

TATA STEEL LIMITED

Companies in group

135



Bottom of Form

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.12

UK Pound

1

Rs.73.43

Euro

1

Rs.62.32

 

 

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.