MIRA INFORM REPORT

 

 

Report Date :           

29.09.2011

 

IDENTIFICATION DETAILS

 

Name :

H. SCHREIBER LIMITED 

 

 

Formerly Known As :

TURNITE LIMITED

 

 

Registered Office :

Unit 5 Crowbush Business Centre, Luton Road, Toddington, Lu5 6hu

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

16.08.1977

 

 

Com. Reg. No.:

01325691

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of fasteners, screw & chain

 

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 :

£25,000

 

 

Status :

Good

 

 

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

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name

H. SCHREIBER LIMITED

Company Number

01325691

Registered Address

UNIT 5 CROWBUSH BUSINESS CENTRE

Trading Address

Unit 8 Stadium Industrial Estate
Cradock Road
Luton
Bedfordshire
LU4 0JF

 

LUTON ROAD

 

 

TODDINGTON

 

 

LU5 6HU

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

16/08/1977

Company Status

Active - Accounts Filed

Previous Name

TURNITE LIMITED

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

18/07/2011

Date of Change

31/12/1977

Share Capital

£417

Sic Code

2874

Currency

GBP

Sic Description

MANUFACTURE OF FASTENERS, SCREW & CHAIN

Principal Activity

Manufacture fasteners, screw, chains.

 

 

CREDIT RECOMENDATION

 

Credit Limit: £25,000

 

Limit

£25,000

Previous Limit

£19,500

Contract Limit

£50,000

 

 

 

Last 3 Years Credit Limit

Date

Limit

31/12/2010

£25,000

31/12/2009

£19,500

31/12/2008

£28,000

 

Rating History

Date

Rating

Description

09/08/2010

88

Very Good Credit Worthiness

27/08/2009

84

Very Good Credit Worthiness

01/06/2009

41

Creditworthy

20/02/2009

44

Creditworthy

29/06/2008

70

Good Credit Worthiness

25/06/2008

65

Good Credit Worthiness

13/05/2005

0

Voluntary Arrangement

28/03/2005

50

Creditworthy

12/06/2004

0

 

08/12/2001

0

Caution - Credit at your discretion

 

Limit History

Date

Limit

01/07/2010

£25,000

27/08/2009

£19,500

01/06/2009

£7,000

20/02/2009

£7,500

29/06/2008

£28,000

25/06/2008

£25,000

13/05/2005

£0

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

5

 

Current Directors

Name

Sean O'Neill

Date of Birth

22/09/1950

Officers Title

Mr

Nationality

Irish

Present Appointments

5

Function

Director

Appointment Date

29/07/1998

 

 

Address

Glanmore,  Ashford,  County Wicklow, 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Roseleen O'Neill

Date of Birth

29/01/1945

Officers Title

Ms

Nationality

Irish

Present Appointments

2

Function

Director

Appointment Date

29/07/1998

 

 

Address

Glanmore,  Ashford,  Wicklow, 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Aoife O'Neill

Date of Birth

-

Officers Title

 

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

26/08/2010

 

 

Address

61 Hartland Avenue,  Tattenhoe,  Milton Keynes,  MK4 3BT

NEGATIVE INFORMATION

 

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

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Individual Share Value

TECH HOLDINGS LTD

417 ORDINARY GBP 1.00

 

 

PAYMENT INFORMATION

 

Mortgage Summary

Outstanding

3

Satisfied

0

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group Structure Summary

Company Name

H. SCHREIBER LIMITED

Company Number

01325691

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

Group structure

No group structure

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

28/02/2011

-

-

£344,896

-

28/02/2010

-

-

£345,476

-

28/02/2009

-

-

£347,380

-

 

Profit & Loss

Date Of Accounts

28/02/11

(%)

28/02/10

(%)

28/02/09

(%)

29/02/08

(%)

28/02/07

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£1,297

-74.7%

£5,129

-82.8%

£29,819

50%

£19,874

-5.6%

£21,047

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

28/02/11

(%)

28/02/10

(%)

28/02/09

(%)

29/02/08

(%)

28/02/07

Tangible Assets

£149,497

3.6%

£144,254

-11.5%

£163,047

8.3%

£150,511

-4.8%

£158,179

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£149,497

3.6%

£144,254

-11.5%

£163,047

8.3%

£150,511

-4.8%

£158,179

Stock

£335,266

4%

£322,255

-20.8%

£406,694

-12.7%

£465,967

-3.2%

£481,423

Trade Debtors

£1,166,672

51.4%

£770,700

12%

£687,909

-21.9%

£880,722

-22.4%

£1,134,527

Cash

£12,372

-44.1%

£22,135

-43.4%

£39,132

-

0

-100%

£554

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,514,310

35.8%

£1,115,090

-1.6%

£1,133,735

-15.8%

£1,346,689

-16.7%

£1,616,504

Trade Creditors

£1,318,911

44.3%

£913,868

-2%

£932,616

-19.8%

£1,163,528

-23.6%

£1,523,876

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£1,318,911

44.3%

£913,868

-2%

£932,616

-19.8%

£1,163,528

-23.6%

£1,523,876

Bank Loans & Overdrafts and LTL

0

-

0

-100%

£16,786

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-100%

£16,786

-

0

-

0

 

Capital & Reserves

Date Of Accounts

28/02/11

(%)

28/02/10

(%)

28/02/09

(%)

29/02/08

(%)

28/02/07

Called Up Share Capital

£417

-

£417

-

£417

-

£417

-

£417

P & L Account Reserve

£344,479

-0.2%

£345,059

-0.5%

£346,963

4.1%

£333,255

33.1%

£250,390

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£344,896

-0.2%

£345,476

-0.5%

£347,380

4.1%

£333,672

33%

£250,807

 

Other Financial Items

Date Of Accounts

28/02/11

(%)

28/02/10

(%)

28/02/09

(%)

29/02/08

(%)

28/02/07

Net Worth

£344,896

-0.2%

£345,476

-0.5%

£347,380

4.1%

£333,672

33%

£250,807

Working Capital

£195,399

-2.9%

£201,222

0.1%

£201,119

9.8%

£183,161

97.7%

£92,628

Total Assets

£1,663,807

32.1%

£1,259,344

-2.9%

£1,296,782

-13.4%

£1,497,200

-15.6%

£1,774,683

Total Liabilities

£1,318,911

44.3%

£913,868

-3.7%

£949,402

-18.4%

£1,163,528

-23.6%

£1,523,876

Net Assets

£344,896

-0.2%

£345,476

-0.5%

£347,380

4.1%

£333,672

33%

£250,807

 

Cash Flow

Date Of Accounts

28/02/11

(%)

28/02/10

(%)

28/02/09

(%)

29/02/08

(%)

28/02/07

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

Date Of Accounts

28/02/11

(%)

28/02/10

(%)

28/02/09

(%)

29/02/08

(%)

28/02/07

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£344,896

-0.2%

£345,476

-5.1%

£364,166

9.1%

£333,672

33%

£250,807

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

JOHN A WEBB & COMPANY

Auditor Comments

The audit report contains no adverse comments

Bankers

HSBC BANK PLC

Bank Branch Code

 

 

Ratios

Date Of Accounts

28/02/11

28/02/10

28/02/09

29/02/08

28/02/07

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.15

1.22

1.22

1.16

1.06

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

4.80

0

0

Equity in %

20.70

27.40

26.80

22.30

14.10

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.89

0.86

0.77

0.76

0.74

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

3.82

2.64

2.68

3.48

6.07

Total Debt Ratio

3.82

2.64

2.73

3.48

6.07

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

No exact match CCJs are recorded against the company.

There has been no significant change in the company's credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth decreased by 0.2%.

A 32.1% growth in Total Assets occurred in the previous 12 month trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an decrease in their Cash Balance of 44.1% 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 negative change in the P&L Account Reserve suggests that the company made a loss after tax and other appropriations.

The company has changed its registered address recently.

The company was established over 33 years ago.

 

Status History

No Status History found

 

Event History

Date

Description

 

25/07/2011

New Accounts Filed

 

08/06/2011

Annual Returns

 

07/09/2010

Mr S. O'Neill has resigned as company secretary

 

07/09/2010

New Company Secretary A. O'Neill appointed

 

09/08/2010

New Accounts Filed

 

09/08/2010

New Accounts Filed

 

06/07/2010

Annual Returns

 

16/10/2009

New Accounts Filed

 

27/08/2009

Change in Reg.Office

 

27/08/2009

Change of Company Postcode

 

03/06/2009

Annual Returns

 

29/06/2008

New Accounts Filed

 

06/08/2007

New Accounts Filed

 

17/07/2007

Annual Returns

 

12/07/2006

New Accounts Filed

 

 

Previous Company Names

Date

Previous Name

31/12/1977

TURNITE LIMITED

 

NOTES & COMMENTS

 

Na

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.91

UK Pound

1

Rs.76.53

Euro

1

Rs.66.43

 

 

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.