MIRA INFORM REPORT

 

 

Report Date :

21.09.2011

 

IDENTIFICATION DETAILS

 

Name :

DON VALLEY ENGINEERING CO. LTD

 

 

Registered Office :

Sandall Stones Road Kirk Sandall Industrial Estate Doncaster, DN3 1QR

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.07.2010

 

 

Date of Incorporation :

30.07.1947

 

 

Com. Reg. No.:

00439915

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

General Mechanical Engineering

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 and address

 

Top of Form

Bottom of Form

Don Valley Engineering Co. Ltd.

                       

 

Sandall Stones Road

 

Kirk Sandall Industrial Estate

Doncaster, DN3 1QR

United Kingdom

 

 

Tel:

01302881188

Fax:

01302881000

 

www.donvalleyeng.com

 

Employees:

41

Company Type:

Private Subsidiary

Corporate Family:

6 Companies

Ultimate Parent:

Don Valley Engineering Holdings Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

30-Jul-1947

Auditor:

Allotts

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Jul-2010

Reporting Currency:

British Pound Sterling

Annual Sales:

8.0  1

Net Income:

(0.3)

Total Assets:

7.6

 

Business Description

 

 

Established in 1947, Don Valley Engineering Co. Ltd. is privately owned company that provides engineering services. The company specialises in the design and construction of coal preparation plants. It manufactures a range of mineral dewatering centrifuges and vibrating and resonance screens. The company provides a range of services that includes project management and equipment repair and maintenance. It offers its products to various clients from mining, quarrying, chemical, steel, sugar and cement industries.

 

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

Mark Smith

Accounts Manager

Andrew Bullass

Sales Representative

Roger Allen

Director

Royston Baker

Director

Leslie Milton

Director

 


Financial Summary

        

 

FYE: 31-Jul-2010

USD (mil)

Key Figures

 

Current Assets

4.88

Fixed Assets

2.75

Total Liabilities

1.13

Net Worth

6.35

 

Key Ratios

 

Current Ratio

4.33

Acid Test

3.51

 

 

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6371955
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6385288

 

 

Corporate Overview

 

Location
Sandall Stones Road
Kirk Sandall Industrial Estate
Doncaster, DN3 1QR
South Yorkshire County
United Kingdom

 

Tel:

01302881188

Fax:

01302881000

 

www.donvalleyeng.com

Sales GBP(mil):

5.1

Assets GBP(mil):

4.9

Employees:

41

Fiscal Year End:

31-Jul-2010

 

Industry:

Miscellaneous Fabricated Products

Registered Address:
Sandall Stones Road
Kirk Sandall
Doncaster, DN3 1QR
United Kingdom

 

Incorporation Date:

30-Jul-1947

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

00439915

 

Director:

Roger Allen

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

 

 

Industry Codes

 

ANZSIC 2006 Codes:

2462

-

Mining and Construction Machinery Manufacturing

2293

-

Metal Coating and Finishing

 

NACE 2002 Codes:

2952

-

Manufacture of machinery for mining, quarrying and construction

2852

-

General mechanical engineering

 

NAICS 2002 Codes:

3331

-

Agriculture, Construction, and Mining Machinery Manufacturing

332813

-

Electroplating, Plating, Polishing, Anodizing and Coloring

 

US SIC 1987:

353

-

Construction, Mining, and Materials Handling

3479

-

Coating, Engraving, and Allied Services, Not Elsewhere Classified

 

UK SIC 2003:

2952

-

Manufacture of machinery for mining, quarrying and construction

2852

-

General mechanical engineering

 

 

Business Description

Established in 1947, Don Valley Engineering Co. Ltd. is privately owned company that provides engineering services. The company specialises in the design and construction of coal preparation plants. It manufactures a range of mineral dewatering centrifuges and vibrating and resonance screens. The company provides a range of services that includes project management and equipment repair and maintenance. It offers its products to various clients from mining, quarrying, chemical, steel, sugar and cement industries.

 

 

More Business Descriptions

Mineral dressing, general bulk mechanical handling, structural and general engineering.

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Revenue:

5.1

Net Income:

-0.2

Assets:

4.9

Current Assets:

3.1

 

Fixed Assets:

1.8

 

Long Term Debt:

0.1

 

Total Liabilities:

0.8

 

Issued Capital:

0.2

 

Working Capital:

2.4

 

Net Worth:

4.1

 

 

 

Date of Financial Data:

31-Jul-2010

 

1 Year Growth

-47.2%

NA

NA

 

 

Key Corporate Relationships

 

Auditor:

Allotts

Bank:

Barclays Bank PLC

 

Auditor:

Allotts

 

Auditor History

Allotts

31-Jul-2010

Allotts

31-Jul-2009

Allotts

31-Jul-2008

Allotts

31-Jul-2007

Allotts

31-Jul-2006

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

07-31-2010

 

 

 

 

 

 

 

Corporate Structure News

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Don Valley Engineering Holdings Ltd.

Parent

Doncaster

United Kingdom

Construction and Agriculture Machinery

1.4

57

Don Valley Engineering Co. Ltd.

Subsidiary

Doncaster

United Kingdom

Miscellaneous Fabricated Products

8.0

41

Cleeve Materials Handling Ltd.

Subsidiary

Stroud

United Kingdom

Miscellaneous Fabricated Products

 

 

Torver Engineering Ltd.

Subsidiary

Doncaster

United Kingdom

Miscellaneous Fabricated Products

 

 

Don Valley Engineering Services Ltd.

Subsidiary

Doncaster

United Kingdom

Nonclassifiable Industries

 

35

Don Valley Engineering Construction Ltd.

Subsidiary

Doncaster

United Kingdom

Miscellaneous Fabricated Products

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Roger Allen

 

Director

Director/Board Member

Royston Baker

 

Director

Director/Board Member

Leslie Milton

 

Director

Director/Board Member

Barry Desmond Smith

 

Director

Director/Board Member

Ian Trotter

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Mark Smith

 

Accounts Manager

Accounting Executive

Andrew Bullass

 

Sales Representative

Sales Executive


Directors and Shareholders Report

 

Annual Return Date: 20 Dec 2010
Total Issued Capital (GBP 000): 181

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Roger
Allen

Current

14 Oct 1959

4 Damsteads,
Barnsley, South Yorkshire S75 3TL

01 Aug 1997

NA

Current:6
Previous:5
Disqualifications:0

 

Leslie
Milton

Current

01 Oct 1966

Sandall Stones Road, Kirk Sandall,
Doncaster, South Yorkshire DN3 1QR

01 Aug 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Ian
Trotter

Current

23 Apr 1969

Sandall Stones Road, Kirk Sandall,
Doncaster, South Yorkshire DN3 1QR

01 Aug 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Royston
Baker

Current

05 Oct 1966

Sandall Stones Road, Kirk Sandall,
Doncaster, South Yorkshire DN3 1QR

01 Aug 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Barry Desmond
Smith

Current

03 Dec 1950

7 Hatchellwood View, Bessacarr,
Doncaster, South Yorkshire DN4 6UY

29 Oct 1993

NA

Current:6
Previous:2
Disqualifications:0

 

John
Close

Previous

02 Aug 1924

193 Bawtry Road,
Doncaster, South Yorkshire DN4 7AL

20 Dec 1991

10 Sep 1994

Current:0
Previous:2
Disqualifications:0

 

Terence
Sly

Previous

30 Mar 1936

Lochiel Cottage, Sutton-Cum-Lound,
Retford, Nottinghamshire DN22 8PX

20 Dec 1991

30 Mar 1996

Current:0
Previous:1
Disqualifications:0

 

Eric Gordon
Allen

Previous

02 Feb 1933

The Firs Bawtry Road, Hatfield Woodhouse,
Doncaster, South Yorkshire DN7 6PQ

06 Sep 2000

30 Jul 2010

Current:1
Previous:1
Disqualifications:0

 

Brian Edwin
Fox

Previous

04 Oct 1930

Field View, Peck Lane,
Nottingham, Nottinghamshire NG14 7EX

06 Sep 2000

07 Apr 2004

Current:0
Previous:1
Disqualifications:0

 

Clifford Michael
Spiller

Previous

07 Feb 1947

The Smithy, Burghwallis,
Doncaster, South Yorkshire DN6 9JN

20 Dec 1991

09 Aug 2000

Current:7
Previous:3
Disqualifications:0

 

Donald
Atkinson

Previous

12 Oct 1931

11 Castlegate Drive,
Pontefract, West Yorkshire WF8 4RE

06 Sep 2000

30 Jul 2010

Current:0
Previous:2
Disqualifications:0

 

Keith John
Winter

Previous

20 May 1959

19 Ingham Road, Bawtry,
Doncaster, South Yorkshire DN10 6NN

01 Aug 1997

31 Oct 2000

Current:3
Previous:6
Disqualifications:0

 

Vernon Roy
Brown

Previous

12 Dec 1938

19 The Baulk,
Worksop, Nottinghamshire S81 0HU

29 Oct 1993

11 Dec 1998

Current:0
Previous:4
Disqualifications: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

 

John
Close

Previous

02 Aug 1924

193 Bawtry Road,
Doncaster, South Yorkshire DN4 7AL

20 Dec 1991

10 Sep 1994

Current:0
Previous:2
Disqualifications:0

 

Roger
Allen

Previous

14 Oct 1959

4 Damsteads,
Barnsley, South Yorkshire S75 3TL

06 Nov 2000

21 Jun 2010

Current:6
Previous:5
Disqualifications:0

 

Keith John
Winter

Previous

20 May 1959

19 Ingham Road, Bawtry,
Doncaster, South Yorkshire DN10 6NN

11 Dec 1998

31 Oct 2000

Current:3
Previous:6
Disqualifications:0

 

Vernon Roy
Brown

Previous

12 Dec 1938

19 The Baulk,
Worksop, Nottinghamshire S81 0HU

10 Sep 1994

11 Dec 1998

Current:0
Previous:4
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

 

Individual Shareholders

 

There are no individual shareholders for this company.

 

 

 

 

 

 

 

 

 

 

Corporate Shareholders

 

Company Name

Registration Number

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Don Valley Engineering Holdings Limited

07210081

3610000 Ordinary GBP 0.05

Ordinary

3,610,000

0.05

180,500.00

100.00

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)                                                                

Except for share items (millions) and per share items (actual units)  

 

 

 

 

  Financial Glossary

 

 

 

31-Jul-2010

31-Jul-2009

31-Jul-2008

31-Jul-2007

31-Jul-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.637195

0.636663

0.500129

0.513635

0.560247

Consolidated

No

Yes

No

No

No

 

 

 

 

 

 

Turnover (UK)

-

14.1

-

-

-

Turnover (Exports)

-

1.1

-

-

-

Total Turnover

8.0

15.2

-

-

-

Cost of Sales

6.0

11.6

-

-

-

Gross Profit

2.1

3.6

-

-

-

Depreciation

0.2

0.2

0.2

0.2

0.1

Other Expenses

2.3

2.5

-

-

-

Operating Profit

-0.2

-

-

-

-

Other Income

0.0

0.0

-

-

-

Interest Paid

0.0

0.0

-

-

-

Exceptional Income

0.0

0.0

-

-

-

Discontinued Operations

0.0

0.0

-

-

-

Profit Before Taxes

-0.2

1.1

-

-

-

Tax Payable / Credit

-0.1

0.2

-

-

-

Extraordinary Items/Debits

0.0

0.0

-

-

-

Dividends

0.2

0.3

-

-

-

Profit After Taxes

-0.3

0.7

-

-

-

Minority Interests (Profit & Loss)

0.0

0.0

-

-

-

Audit Fees

0.0

0.0

-

-

-

Number of Employees

41

59

-

-

-

Wages

2.1

4.5

-

-

-

Social Security Costs

0.2

0.2

-

-

-

Pensions

0.0

0.0

-

-

-

Other Pension Costs

0.1

0.1

-

-

-

Employees Remuneration

2.4

4.8

-

-

-

Directors Emoluments

-

0.3

-

-

-

Other Costs

0.3

0.0

-

-

-

Directors Remuneration

0.4

0.4

-

-

-

Highest Paid Director

0.2

0.2

-

-

-

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

31-Jul-2010

31-Jul-2009

31-Jul-2008

31-Jul-2007

31-Jul-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.638529

0.603191

0.504821

0.492114

0.535604

Consolidated

No

Yes

No

No

No

 

 

 

 

 

 

Land & Buildings

2.5

2.6

-

-

-

Fixtures & Fittings

0.0

0.0

-

-

-

Plant & Vehicles

0.3

0.5

-

-

-

Total Tangible Fixed Assets

2.8

3.1

3.7

3.7

3.4

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

2.8

3.1

3.7

3.8

3.4

Stocks

0.8

1.0

-

-

-

Work in Progress

0.1

0.0

-

-

-

Total Stocks Work In Progress

0.9

1.0

1.4

1.2

0.8

Trade Debtors

1.2

2.1

-

-

-

Inter-Company Debtors

0.9

0.0

-

-

-

Other Debtors

0.1

0.1

-

-

-

Total Debtors

2.3

2.2

6.9

3.6

1.2

Cash and Equivalents

1.7

3.5

1.8

2.4

1.6

Other Current Assets

0.0

0.0

0.0

0.0

0.2

Total Current Assets

4.9

6.8

10.1

7.3

3.8

Total Assets

7.6

9.9

13.9

11.0

7.2

Trade Creditors

0.9

1.2

-

-

-

Inter-Company Creditors

0.0

0.0

-

-

-

Accruals/Deferred Income (Current Liability)

0.1

0.2

-

-

-

Social Security/VAT

0.1

0.3

-

-

-

Corporation Tax

0.0

0.2

-

-

-

Other Current Liabilities

0.0

0.7

6.1

4.5

0.9

Total Current Liabilities

1.1

2.5

6.1

4.5

0.9

Group Loans (Long Term Liability)

0.0

0.0

-

-

0.0

Director Loans (Long Term Liability)

0.0

0.0

-

-

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

-

-

0.0

Leasing (Long Term Liability)

0.0

0.0

-

-

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

-

-

0.0

Other Long Term Loans

0.0

0.0

-

-

0.0

Accruals/Deferred Income (Long Term Liability)

0.2

0.2

-

-

0.0

Other Long Term Liabilities

0.0

0.0

0.2

0.1

0.0

Total Long Term Liabilities

0.2

0.2

0.2

0.1

0.0

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

0.3

0.3

0.4

0.4

0.3

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

6.1

6.9

7.2

6.0

6.0

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

6.4

7.2

7.6

6.4

6.3

Net Worth

6.4

7.2

7.6

6.4

6.3

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

31-Jul-2010

31-Jul-2009

31-Jul-2008

31-Jul-2007

31-Jul-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.637195

0.636663

0.500129

0.513635

0.560247

Consolidated

No

Yes

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

-

2.4

-

-

-

Net Cash Flow from ROI and Servicing of Finance

-

0.0

-

-

-

Taxation

-

-0.1

-

-

-

Capital Expenditures

-

-0.2

-

-

-

Acquisitions and Disposals

-

0.0

-

-

-

Paid Up Equity

-

-0.3

-

-

-

Management of Liquid Resources

-

0.0

-

-

-

Net Cash Flow From Financing

-

0.0

-

-

-

Increase in Cash

-

1.9

-

-

-

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

31-Jul-2010

31-Jul-2009

31-Jul-2008

31-Jul-2007

31-Jul-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.638529

0.603191

0.504821

0.492114

0.535604

Consolidated

No

Yes

No

No

No

 

 

 

 

 

 

Current Ratio

4.33

2.70

1.66

1.62

4.32

Liquidity Ratio

3.51

2.29

1.43

1.34

3.39

Stock Turnover

8.74

15.85

-

-

-

Credit Period (Days)

56.25

48.33

-

-

-

Working Capital by Sales

46.70%

26.48%

-

-

-

Trade Credit by Debtors

0.71

0.58

-

-

-

Return on Capital

-3.24%

16.07%

-

-

-

Return on Assets

-2.76%

11.99%

-

-

-

Profit Margin

-2.63%

7.37%

-

-

-

Return on Shareholders Funds

-3.32%

16.47%

-

-

-

Borrowing Ratio

0.64%

-

-

-

-

Equity Gearing

83.25%

72.82%

54.60%

57.96%

87.64%

Sales by Tangible Assets

2.92

5.17

-

-

-

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

0.2

0.1

-

-

-

Tangible Assets per Employee

0.1

0.1

-

-

-

Total Assets per Employee

0.2

0.2

-

-

-

Employee Remuneration by Sales

29.75%

31.45%

-

-

-

Creditor Days (Cost of Sales Based)

53.86

36.85

-

-

-

Creditor Days (Sales Based)

39.98

28.12

-

-

-

 

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.22

UK Pound

1

Rs.75.63

Euro

1

Rs.65.64

 

 

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

 

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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%)

 

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.