MIRA INFORM REPORT

 

 

Report Date :

06.08.2012

 

IDENTIFICATION DETAILS

 

Name :

H. SCHREIBER LTD.

 

 

Registered Office :

Unit 5 Crowbush Business Centr, Luton Road, Toddington, Dunstable, LU5 6HU

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

28.02.2011

 

 

Date of Incorporation :

16.08.1977

 

 

Com. Reg. No.:

01325691

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Manufacture fasteners, screw, chains etc.

 

 

No. of Employees :

07

 

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 :

Small Company 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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  

 

H. Schreiber Ltd.

Unit 8 Stadium Industrial Estate

Cradock Road

Luton, LU4 0JF

United Kingdom

Tel:       01582 575727

Fax:      01582 575733

 

 

Synthesis     

 

Employees:                  7

Company Type:             Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            Tech Holdings Ltd

Quoted Status:             Non-quoted Company

Incorporation Date:         16-Aug-1977

Auditor:                        John A Webb & Co.      

Financials in:                 USD (Millions)

Fiscal Year End:            28-Feb-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                 2.7

 

 

Business Description     

 

Manufacture fasteners, screw, chains etc.

 

Industry             

Industry            Miscellaneous Fabricated Products

ANZSIC 2006:    2291 - Spring and Wire Product Manufacturing

NACE 2002:      2873 - Manufacture of wire products

NAICS 2002:     332618 - Other Fabricated Wire Product Manufacturing

UK SIC 2003:    2873 - Manufacture of wire products

US SIC 1987:    3496 - Miscellaneous Fabricated Wire Products

 

 

Key Executives   

 

Name

Title

Aoife O'Neill

Secretary

Sean O'Neill

Director

Roseleen O'Neill

Director

 

 

News  

 

 

Title

Date

Indoor, three-dimensional archery course to open Saturday in Bristol
Bristol Herald Courier (VA) (547 Words)

13-Jul-2012

On the Road with America's #1 Swimsuit Designer: Rod Beattie Goes Coast to Coast with New Swimwear Collection for Women of All Ages
Business Wire (697 Words)

20-Mar-2012

 

 

Financial Summary  

 

 

FYE: 28-Feb-2011

USD (mil)

Key Figures

 

Current Assets

2.46

Fixed Assets

0.24

Total Liabilities

2.15

Net Worth

0.56

 

Key Ratios

 

Current Ratio

1.15

Acid Test

0.89

 

 

Registered No.(UK): 01325691

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6472256

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6148171

 

 

Corporate Overview

 

Location

Unit 8 Stadium Industrial Estate

Cradock Road

Luton, LU4 0JF

Bedfordshire County

United Kingdom

Tel:       01582 575727

Fax:      01582 575733

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.7

Employees:                   7

Fiscal Year End:            28-Feb-2011

Industry:                        Miscellaneous Fabricated Products

           

Registered Address:

Unit 5 Crowbush Business Centr

Luton Road

Toddington

Dunstable, LU5 6HU

United Kingdom

 

Incorporation Date:         16-Aug-1977

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       01325691

Secretary:                     Aoife O'Neill

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

Gazette Status

 

Industry Codes

ANZSIC 2006 Codes:

2291     -          Spring and Wire Product Manufacturing

 

NACE 2002 Codes:

2873     -          Manufacture of wire products

 

NAICS 2002 Codes:

332618  -          Other Fabricated Wire Product Manufacturing

 

US SIC 1987:

3496     -          Miscellaneous Fabricated Wire Products

 

UK SIC 2003:

2873     -          Manufacture of wire products

 

Business Description

Manufacture fasteners, screw, chains etc.

 

More Business Descriptions

Import and Export Agents

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.7

Current Assets:

1.5

 

Fixed Assets:

0.1

 

Long Term Debt:

0.0

 

Total Liabilities:

1.3

 

Issued Capital:

0.0

 

Working Capital:

0.2

 

Net Worth:

0.3

 

 

 

Date of Financial Data:

28-Feb-2011

 

1 Year Growth

NA

 

Key Corporate Relationships

Auditor:

John A Webb & Co.

Bank:

Midland Bank PLC

 

Auditor:

John A Webb & Co.

 

Auditor History

John A Webb & Co.

28-Feb-2011

John A Webb And Co

28-Feb-2010

John A Webb And Co

28-Feb-2009

John A Webb And Co

29-Feb-2008

John A Webb And Co

28-Feb-2007

 

 

 

 

 

 

Gazette Status

Description

Action Date

Publication

Publication Date

Voluntary Arrangement Completed

01-Jan-1999

 

17-Oct-2007

Corporate Voluntary Arrangement

24-Jul-1998

 

05-Aug-1998

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

H. Schreiber Ltd.

H. Schreiber Ltd. 
Total Corporate Family Members: 2 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Tech Holdings Ltd

Parent

 

 

 

 

 

 

H. Schreiber Ltd.

Subsidiary

Luton

United Kingdom

Miscellaneous Fabricated Products

 

7

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Sean O'Neill

 

Director

Director/Board Member

 

Age: 61

 

Roseleen O'Neill

 

Director

Director/Board Member

 

 

Age: 67

 

 

Executives

 

Name

Title

Function

 

Aoife O'Neill

 

Secretary

Company Secretary

 

 


Directors and Shareholders Report

Main Office Address:
Unit 8 Stadium Industrial Estate
Cradock Road
Luton
United Kingdom LU4 0JF

Tel: 01582 575727
Fax: 01582 575733

Annual Return Date: 05 Apr 2012

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Shane 
O'Neill

Current

04 Oct 1976

78 Vernier Cresecent, Medbourne, 
Milton Keynes, Buckinghamshire MK5 6FE

03 Jan 2012

NA

Current:2
Previous:1
Disqualifications:0

 

Sean 
O'Neill

Current

22 Sep 1950

Glanmore, Ashford, 
County Wicklow

29 Jul 1998

NA

Current:5
Previous:2
Disqualifications:0

 

Roseleen
O'Neill

Current

29 Jan 1945

Glanmore, Ashford, 
Wicklow

29 Jul 1998

NA

Current:2
Previous:1
Disqualifications:0

 

Clive Andrew 
Schreiber

Previous

09 Dec 1952

171 Jenny Field Drive, 
Harrogate, North Yorkshire HG3 2XQ

05 Apr 1991

06 Nov 1995

Current:0
Previous:1
Disqualifications:0

 

Julian Stephen 
Schreiber

Previous

NA

125 Dunstable Road, 
Luton, Bedfordshire LU1 4AN

01 Apr 1997

22 Jun 1999

Current:0
Previous:2
Disqualifications:0

 

Linnet Vanessa Ann 
Schreiber

Previous

08 Apr 1954

125 Dunstable Road, 
Luton, Bedfordshire LU1 4AN

05 Apr 1991

22 Jun 1999

Current:0
Previous:1
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

 

Aoife 
O'Neill

Current

NA

78 Vernier Crescent, Medbourne, 
Milton Keynes, Buckinghamshire MK5 6FE

26 Aug 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Julian Stephen 
Schreiber

Previous

NA

125 Dunstable Road, 
Luton, Bedfordshire LU1 4AN

05 Apr 1991

22 Jun 1999

Current:0
Previous:2
Disqualifications:0

 

Sean 
O'Neill

Previous

22 Sep 1950

Glanmore, Ashford, 
County Wicklow

22 Jun 1999

26 Aug 2010

Current:5
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

Shareholders

OneSource currently does not provide shareholding information for this company.

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

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

 

 

 

28-Feb-2011

28-Feb-2010

28-Feb-2009

29-Feb-2008

28-Feb-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.647226

0.631243

0.575434

0.499536

0.533995

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.0

0.0

0.1

0.0

0.0

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

28-Feb-2011

28-Feb-2010

28-Feb-2009

29-Feb-2008

28-Feb-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.614817

0.656858

0.701582

0.502715

0.510269

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.2

0.2

0.2

0.3

0.3

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

0.2

0.2

0.2

0.3

0.3

Total Stocks Work In Progress

0.5

0.5

0.6

0.9

0.9

Total Debtors

1.9

1.2

1.0

1.8

2.2

Cash and Equivalents

0.0

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.5

1.7

1.6

2.7

3.2

Total Assets

2.7

1.9

1.8

3.0

3.5

Other Current Liabilities

2.1

1.4

1.3

2.3

3.0

Total Current Liabilities

2.1

1.4

1.3

2.3

3.0

Group Loans (Long Term Liability)

0.0

0.0

-

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

-

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

-

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

-

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

-

0.0

0.0

Other Long Term Loans

0.0

0.0

-

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

-

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

0.0

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

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.6

0.5

0.5

0.7

0.5

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

0.6

0.5

0.5

0.7

0.5

Net Worth

0.6

0.5

0.5

0.7

0.5

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

28-Feb-2011

28-Feb-2010

28-Feb-2009

29-Feb-2008

28-Feb-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.647226

0.631243

0.575434

0.499536

0.533995

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

28-Feb-2011

28-Feb-2010

28-Feb-2009

29-Feb-2008

28-Feb-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.614817

0.656858

0.701582

0.502715

0.510269

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.15

1.22

1.23

1.16

1.06

Liquidity Ratio

0.89

0.87

0.77

0.76

0.74

Equity Gearing

20.73%

27.43%

27.62%

22.29%

14.13%

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.08

UK Pound

1

Rs.87.03

Euro

1

Rs.68.36

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.