MIRA INFORM REPORT
|
Report Date : |
21.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
DEREK PARNABY CYCLONES INTERNATIONAL LTD. |
|
|
|
|
Registered Office : |
Chilton Industrial Estate, Chilton, Ferryhill, DL17 0SH |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2010 |
|
|
|
|
Date of Incorporation : |
20.07.1973 |
|
|
|
|
Com. Reg. No.: |
01124062 |
|
|
|
|
Legal Form : |
Private Independent Company |
|
|
|
|
Line of Business : |
Designs, Manufactures and Installs Systems and equipment for washing,
separating, dewatering and recycling materials. |
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 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Usually Correct |
|
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 name & address
Derek Parnaby Cyclones International Ltd.
Chilton Industrial Estate
Chilton
Ferryhill, DL17 0SH
United Kingdom
Tel: 01388720849
Fax: 01388721415
Web: www.parnaby.co.uk
synthesis
Employees: 58
Company Type: Private Independent
Quoted Status: Non-quoted
Company
Incorporation Date:
20-Jul-1973
Auditor: Mitchells Grievson Ltd.
Financials in: USD
(Millions)
Fiscal Year End: 30-Sep-2010
Reporting Currency: British
Pound Sterling
Annual Sales: 14.3
1
Net Income: 1.5
Total Assets: 12.8
Business Description
Derek Parnaby
Cyclones International Ltd. designs, manufactures and installs systems and
equipment for washing, separating, dewatering and recycling materials. The
company’s product portfolio includes barrels, drums, crushers, cyclones,
conveyors, separators, screens and sieves. In addition, it develops new systems
for separating demolition waste, soil reclamation, dewatering sewage sludge and
the recycling of plastics and metals. Its products are used for various
applications, such as coal mining, recycling, redevelopment and quarrying. The
company additionally provides mobile and transportation units for various
processes.
Industry
Industry Miscellaneous Fabricated Products
ANZSIC 2006: 2293 - Metal
Coating and Finishing
NACE 2002: 2852 - General
mechanical engineering
NAICS 2002: 332813 -
Electroplating, Plating, Polishing, Anodizing and Coloring
UK SIC 2003: 2852 - General
mechanical engineering
US SIC 1987: 3479 - Coating,
Engraving, and Allied Services, Not Elsewhere Classified
Key Executives
Name Title
Karen Parnaby Secretary
Pauline Telford Office
Manager
Keith Metcalfe Works
Manager
Thomas Henry Iveson Director
Pauline Isobel Lerigo Director
News
Title Date
Firm in court after man's fingers severed
Northern Echo (UK) (336 Words) 5-Aug-2011
Financial Summary
|
FYE: 30-Sep-2010 |
USD (mil) |
||||||||||||||||||
|
|||||||||||||||||||
Registered No.(UK): 01124062
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6425498
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6345983
Corporate Overview
Location
Chilton Industrial Estate
Chilton
Ferryhill, DL17 0SH
County Durham County
United Kingdom
Tel: 01388720849
Fax: 01388721415
Web: www.parnaby.co.uk
Sales GBP(mil): 9.2
Assets GBP(mil): 8.1
Employees: 58
Fiscal Year End: 30-Sep-2010
Industry: Miscellaneous
Fabricated Products
Registered
Address:
Chilton Industrial Estate
Chilton
Ferryhill, DL17 0SH
United Kingdom
Incorporation Date: 20-Jul-1973
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(UK): 01124062
Director: Thomas
Henry Iveson
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
2293 - Metal Coating and Finishing
NACE 2002 Codes:
2852 - General mechanical engineering
NAICS 2002 Codes:
332813 - Electroplating, Plating, Polishing, Anodizing and Coloring
US SIC 1987:
3479 - Coating, Engraving, and Allied Services, Not Elsewhere
Classified
UK SIC 2003:
2852 - General mechanical engineering
Business
Description
Derek Parnaby
Cyclones International Ltd. designs, manufactures and installs systems and
equipment for washing, separating, dewatering and recycling materials. The
company’s product portfolio includes barrels, drums, crushers, cyclones,
conveyors, separators, screens and sieves. In addition, it develops new systems
for separating demolition waste, soil reclamation, dewatering sewage sludge and
the recycling of plastics and metals. Its products are used for various
applications, such as coal mining, recycling, redevelopment and quarrying. The
company additionally provides mobile and transportation units for various
processes.
More Business
Descriptions
Design, manufacture and installation of minerals processing equipment
and development of effluent treatment systems.
Engineers (General)
|
|||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||
Executive report
|
Board of
Directors |
|
|
|
|
||||
|
Director |
Director/Board Member |
|
||||
|
Director |
Director/Board Member |
|
||||
|
Director |
Director/Board Member |
|
|
Executives |
|
|
|
|
||||
|
Office Manager |
Administration Executive |
|
||||
|
Secretary |
Company Secretary |
|
||||
|
Works Manager |
Manufacturing Executive |
|
Directors and Shareholders Report
|
Main Office
Address: |
Tel: 01388720849 |
Annual Return Date: 22 Dec 2010 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
19 Oct 1950 |
58 Neville Close, |
24 May 1993 |
NA |
Current:1 |
|
|
|
Current |
27 Apr 1960 |
4 Northside Court, Tow Law, |
01 Feb 1993 |
NA |
Current:2 |
|
|
|
Current |
22 Apr 1958 |
23 Tudhoe Lane, Tudhoe Village, |
22 Dec 1992 |
NA |
Current:3 |
|
|
|
Previous |
01 May 1933 |
Snade Castle, |
22 Dec 1992 |
31 Mar 1999 |
Current:2 |
|
|
|
Previous |
20 Apr 1951 |
Oakridge, 77 Tudhoe Village, |
19 Oct 1999 |
30 Sep 2004 |
Current:0 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
|
|
|
There are no corporate directors for this company. |
|
|
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
NA |
23 Tudhoe Lane, |
28 Mar 2000 |
NA |
Current:1 |
|
|
|
Previous |
22 Apr 1958 |
23 Tudhoe Lane, Tudhoe Village, |
31 Mar 1999 |
28 Mar 2000 |
Current:3 |
|
|
|
Previous |
01 May 1933 |
Snade Castle, |
22 Dec 1992 |
31 Mar 1999 |
Current:2 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
Individual Shareholders |
||||||
|
|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Adrian Parnaby |
510 Ordinary GBP 1.00 |
Ordinary |
510 |
1.00 |
510.00 |
83.61 |
|
Karen Parnaby |
100 Ordinary GBP 1.00 |
Ordinary |
100 |
1.00 |
100.00 |
16.39 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|
|
|
There are no corporate shareholders for this company. |
|
|
Annual Profit & Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
30-Sep-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.64255 |
0.647882 |
0.507879 |
0.508116 |
0.555972 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
6.0 |
5.2 |
- |
- |
- |
|
Turnover (Exports) |
8.2 |
10.7 |
- |
- |
- |
|
Total Turnover |
14.3 |
16.0 |
- |
- |
- |
|
Total Expenses |
12.1 |
13.6 |
- |
- |
- |
|
Depreciation |
0.1 |
0.1 |
0.1 |
0.2 |
0.4 |
|
Operating Profit |
- |
2.4 |
- |
- |
- |
|
Other Income |
0.0 |
0.1 |
- |
- |
- |
|
Interest Paid |
0.0 |
0.0 |
- |
- |
- |
|
Exceptional Income |
0.0 |
0.0 |
- |
- |
- |
|
Discontinued Operations |
0.0 |
0.0 |
- |
- |
- |
|
Profit Before Taxes |
2.2 |
2.4 |
- |
- |
- |
|
Tax Payable / Credit |
0.6 |
0.7 |
- |
- |
- |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
- |
- |
- |
|
Dividends |
0.0 |
0.0 |
- |
- |
- |
|
Profit After Taxes |
1.5 |
1.7 |
- |
- |
- |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
- |
- |
- |
|
Audit Fees |
0.0 |
0.0 |
- |
- |
- |
|
Number of Employees |
58 |
62 |
- |
- |
- |
|
Wages |
2.6 |
2.7 |
- |
- |
- |
|
Social Security Costs |
0.3 |
0.3 |
- |
- |
- |
|
Pensions |
- |
0.0 |
- |
- |
- |
|
Other Pension Costs |
0.1 |
0.1 |
- |
- |
- |
|
Employees Remuneration |
3.0 |
3.1 |
- |
- |
- |
|
Other Costs |
- |
0.3 |
- |
- |
- |
|
Directors Remuneration |
0.4 |
0.4 |
- |
- |
- |
|
Highest Paid Director |
0.2 |
0.2 |
- |
- |
- |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
30-Sep-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.634598 |
0.625254 |
0.561026 |
0.490834 |
0.535346 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.8 |
0.8 |
- |
- |
- |
|
Fixtures & Fittings |
0.1 |
0.1 |
- |
- |
- |
|
Plant & Vehicles |
0.9 |
0.9 |
- |
- |
- |
|
Total Tangible Fixed Assets |
1.8 |
1.8 |
1.5 |
1.7 |
1.5 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
1.8 |
1.8 |
1.5 |
1.7 |
1.5 |
|
Stocks |
0.4 |
0.4 |
- |
- |
- |
|
Work in Progress |
0.0 |
0.0 |
- |
- |
- |
|
Total Stocks Work In Progress |
0.4 |
0.4 |
0.5 |
0.3 |
0.2 |
|
Trade Debtors |
0.7 |
0.7 |
- |
- |
- |
|
Director Loans |
0.2 |
0.0 |
0.0 |
- |
- |
|
Other Debtors |
0.9 |
1.0 |
3.8 |
- |
- |
|
Total Debtors |
1.8 |
1.7 |
3.8 |
1.7 |
0.9 |
|
Cash and Equivalents |
8.9 |
5.2 |
10.1 |
1.6 |
2.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
11.1 |
7.2 |
14.4 |
3.6 |
3.3 |
|
Total Assets |
12.8 |
9.0 |
15.9 |
5.2 |
4.8 |
|
Trade Creditors |
1.9 |
0.8 |
- |
- |
- |
|
Bank Overdraft |
- |
0.0 |
- |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.1 |
0.1 |
- |
0.2 |
0.2 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.1 |
0.1 |
- |
0.2 |
0.2 |
|
Total Short Term Loans |
0.0 |
0.0 |
- |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Social Security/VAT |
0.1 |
0.1 |
- |
- |
- |
|
Corporation Tax |
0.7 |
0.7 |
- |
- |
- |
|
Other Current Liabilities |
1.4 |
0.1 |
10.0 |
1.1 |
1.0 |
|
Total Current Liabilities |
4.2 |
1.9 |
10.0 |
1.3 |
1.2 |
|
Group Loans (Long Term Liability) |
0.0 |
- |
- |
- |
- |
|
Director Loans (Long Term Liability) |
0.0 |
- |
- |
- |
- |
|
Hire Purchase (Long Term Liability) |
0.2 |
0.2 |
- |
- |
- |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Total Hire Purchase Loans (Long Term Liability) |
0.2 |
0.2 |
- |
- |
- |
|
Other Long Term Loans |
0.1 |
0.1 |
- |
- |
- |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
- |
- |
- |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.1 |
0.2 |
0.2 |
|
Total Long Term Liabilities |
0.3 |
0.3 |
0.1 |
0.2 |
0.2 |
|
Deferred Taxation |
0.1 |
0.1 |
- |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
|
Total Provisions |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.3 |
0.3 |
0.3 |
0.4 |
0.3 |
|
Retained Earnings |
8.0 |
6.5 |
5.3 |
3.4 |
3.1 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
8.2 |
6.8 |
5.6 |
3.7 |
3.4 |
|
Net Worth |
8.2 |
6.8 |
5.6 |
3.7 |
3.4 |
Annual Cash Flows
Financials
in: USD (mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
30-Sep-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.64255 |
0.647882 |
0.507879 |
0.508116 |
0.555972 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
4.7 |
-2.6 |
- |
- |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
0.0 |
0.1 |
- |
- |
- |
|
Taxation |
-0.6 |
-0.7 |
- |
- |
- |
|
Capital Expenditures |
-0.4 |
-0.3 |
- |
- |
- |
|
Acquisitions and Disposals |
0.0 |
0.0 |
- |
- |
- |
|
Paid Up Equity |
0.0 |
0.0 |
- |
- |
- |
|
Management of Liquid Resources |
0.0 |
0.0 |
- |
- |
- |
|
Net Cash Flow From Financing |
0.1 |
-0.1 |
- |
- |
- |
|
Increase in Cash |
3.7 |
-3.7 |
- |
- |
- |
Annual Ratios
Financials
in: USD (mil)
|
|
30-Sep-2010 |
30-Sep-2009 |
30-Sep-2008 |
30-Sep-2007 |
30-Sep-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.634598 |
0.625254 |
0.561026 |
0.490834 |
0.535346 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
2.61 |
3.89 |
1.43 |
2.71 |
2.81 |
|
Liquidity Ratio |
2.51 |
3.66 |
1.38 |
2.51 |
2.60 |
|
Stock Turnover |
32.46 |
39.00 |
- |
- |
- |
|
Credit Period (Days) |
17.66 |
15.07 |
- |
- |
- |
|
Working Capital by Sales |
47.28% |
32.52% |
- |
- |
- |
|
Trade Credit by Debtors |
2.78 |
1.14 |
- |
- |
- |
|
Return on Capital |
25.38% |
35.20% |
- |
- |
- |
|
Return on Assets |
17.02% |
27.92% |
- |
- |
- |
|
Profit Margin |
15.12% |
15.20% |
- |
- |
- |
|
Return on Shareholders Funds |
26.48% |
36.98% |
- |
- |
- |
|
Borrowing Ratio |
5.34% |
5.67% |
- |
5.45% |
6.21% |
|
Equity Gearing |
64.26% |
75.50% |
35.28% |
71.29% |
71.73% |
|
Debt Gearing |
3.27% |
3.75% |
- |
- |
- |
|
Interest Coverage |
126.19 |
142.50 |
- |
- |
- |
|
Sales by Tangible Assets |
8.14 |
9.39 |
- |
- |
- |
|
Average Remuneration per Employee |
0.1 |
0.1 |
- |
- |
- |
|
Profit per Employee |
0.0 |
0.0 |
- |
- |
- |
|
Sales per Employee |
0.2 |
0.3 |
- |
- |
- |
|
Capital Employed per Employee |
0.1 |
0.1 |
- |
- |
- |
|
Tangible Assets per Employee |
0.0 |
0.0 |
- |
- |
- |
|
Total Assets per Employee |
0.2 |
0.1 |
- |
- |
- |
|
Employee Remuneration by Sales |
20.94% |
19.33% |
- |
- |
- |
|
Creditor Days (Cost of Sales Based) |
49.08 |
17.24 |
- |
- |
- |
|
Creditor Days (Sales Based) |
49.08 |
17.24 |
- |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.22 |
|
UK Pound |
1 |
Rs.75.63 |
|
Euro |
1 |
Rs.65.65 |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.