Company Identification Details
Creditline Recommendations
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Monthly Credit Guide
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GBP 750,000
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Official Company Data
|
Legal Form
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Public Limited Company
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Registration Number
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03418142
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VAT Number
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GB539000667
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Subject Status
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Trading
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Date of Incorporation
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06/08/1997
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Registered Office
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5 STANHOPE GATE, LONDON, W1K 1AH.
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History
|
10/03/2005 : The
Registered Office address changed from 8, BAKER STREET, LONDON, W1U 3LL.
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29/05/2002 : The Registered
Office address changed from 10 BABMAES STREET, LONDON, SW1Y 6HD.
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14/12/1999 : The
Registered Office address changed from C/O PALMER COWEN SOLICITORS, 2ND
FLOOR 16 BER.
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|
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21/08/1998 : The
Registered Office address changed from 2ND FLOOR, 16 BERKELEY STREET,
LONDON, W1X 5A.
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|
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16/09/1997 : The
Registered Office address changed from CRWYS HOUSE 33 CRWYS ROAD, CARDIFF,
CF2 4YF,.
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Business first
established in.
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Date of Last
Annual Return to Registry
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06/08/2011
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Accounts
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The last filed accounts at Companies House are those to 31/12/2010
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Accounting
Reference Date
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31/12
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Operations
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Activities
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A group engaged as traders in steel and its associated raw materials
and other metal products.
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Nace Code
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5152
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Premises
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Leased,Offices
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Staff Employed
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68
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Import Countries
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ALL OVER THE WORLD
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Export Countries
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ALL OVER THE WORLD
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Bankers
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ROYAL BANK OF SCOTLAND PLC
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Address
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22 ST. MARY AXE, LONDON, EC3A 8DD.
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Sort Code
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161029
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Auditors
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BDO LLP
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Subsidiaries
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BALLI PUBLIC LIMITED
COMPANY
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BALLI TAIWAN LIMITED
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DUNDEE LIMITED, a
company incorporated in IRISH REPUBLIC
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MAGELLAN (EUROPE)
LIMITED
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SIDEX INTERNATIONAL
LIMITED
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Previous Searches
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Last 3 Months
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Last 6 Months
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Last 12 Months
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0
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0
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0
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Search History Details
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The Search History Details shows details of the most recent 40
searches
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Date
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Description
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04/01/2011
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Miscellaneous
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Public Record Information
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Summary of CCJ's/Scottish Decrees
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|
No CCJs/Scottish
Decrees are recorded in our file.
|
Summary of Mortgages, Charges and
Satisfactions
|
Total Number of Mortgages/Charges Registered
|
15
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|
Number Outstanding
|
8
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Number Partially Satisfied
|
0
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Number Satisfied
|
7
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|
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Date of Latest Mortgage Created
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15/09/2011
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Date of Latest Satisfaction
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21/06/2007
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Details of most recent Mortgages, Charges
and Satisfactions
|
Date Fully
Satisfied
|
Date
Registered
|
Date
Created
|
Charge
Description
|
Form Type
|
Lender
|
|
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27/09/2011
|
15/09/2011
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Pledge On Goods Agreement
|
MG01
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Raiffeisen Bank International Ag
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27/09/2011
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15/09/2011
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Pledge Of Accounts
|
MG01
|
Raiffeisen Bank International Ag
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|
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27/09/2011
|
15/09/2011
|
Deed Of Assignment
|
MG01
|
Raiffeisen Bank International Ag
|
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12/03/2010
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23/02/2010
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Assignment Agreement
|
MG01
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CooperatieveCentraleRaiffeisen-Boerenleenbank B.A.
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|
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12/03/2010
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23/02/2010
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Charge Over Account
|
MG01
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CooperatieveCentraleRaiffeisen-Boerenleenbank B.A.
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|
|
12/03/2010
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23/02/2010
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Charge Over Account
|
MG01
|
CooperatieveCentraleRaiffeisen-Boerenleenbank B.A.
|
|
|
16/10/2008
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15/10/2008
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General Charge Of Receivables And Contract Rights
|
395
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Dbs Bank Limited
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16/10/2008
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15/10/2008
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Security Deed
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395
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Dbs Bank Limited
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21/06/2007
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08/06/2007
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29/05/2007
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Security Assignment Of Receivables
|
395
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Ge Artesia Bank
|
|
03/11/2001
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09/01/2001
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20/12/2000
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Share Pledge Agreement
|
395
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Fortis Bank S.A/N.V
|
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It should be noted that there is no legal requirement to file satisfaction
details of mortgages/charges at Companies House.
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Other Filings and Notices
|
26/07/2010
|
Companies House Gazette
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Notification of any change among the company's directors
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08/12/2008
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Companies House Gazette
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Change among directors of a company
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19/09/2008
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Companies House Gazette
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Change among directors of a company
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01/04/2006
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Companies House Gazette
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Resolutions which give vary
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01/04/2006
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Companies House Gazette
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Special resolutions passed under section 95 disapplication of
pre-emption rights
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07/11/2003
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Companies House Gazette
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Change among directors of a company
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31/01/2003
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Companies House Gazette
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Return of allotments of a public limited company
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09/11/2001
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Companies House Gazette
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Alteration in memorandum or articles of association
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07/07/2001
|
Companies House Gazette
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Alteration in memorandum or articles of association
|
|
07/07/2001
|
Companies House Gazette
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Return of allotments of a public limited company
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|
07/07/2001
|
Companies House Gazette
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Resolutions which give vary
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08/04/2000
|
Companies House Gazette
|
Change among directors of a company
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|
06/10/1999
|
Companies House Gazette
|
Change among directors of a company
|
|
03/02/1999
|
Companies House Gazette
|
Change among directors of a company
|
|
27/06/1998
|
Companies House Gazette
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Change among directors of a company
|
|
20/05/1998
|
Companies House Gazette
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Change among directors of a company
|
|
29/12/1997
|
Companies House Gazette
|
Reports under section 103 or 104 as to the value of a non-cash asset
|
|
29/12/1997
|
Companies House Gazette
|
Return of allotments of a public limited company
|
|
29/12/1997
|
Companies House Gazette
|
Alteration in memorandum or articles of association
|
|
06/11/1997
|
Companies House Gazette
|
Change among directors of a company
|
Company Secretary
|
Secretary
|
DAVID HENRY SPRIDDELL
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Service Address
|
5 STANHOPE GATE, LONDON, W1K 1AH.
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Country of Origin
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UNITED KINGDOM
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Appointment Date
|
19/09/2008
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Directors
|
Director
|
MR VAHID ALAGHBAND
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Service Address
|
5 STANHOPE GATE, LONDON, W1K 1AH.
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Country of Origin
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UNITED KINGDOM
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Date of Birth
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20/03/1952
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Appointment Date
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27/10/1997
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Other Directorships
|
I.B. TAURIS
& CO. LIMITED, BALLI INVESTMENTS LIMITED, BALLI TRADING
LIMITED, IRAN HERITAGE FOUNDATION, BALLI GROUP PLC, BALROX
LIMITED, ASIA HOUSE ENTERPRISES LIMITED, ASIA HOUSE, BALLI
CARBON LIMITED, BALLI PUBLIC LIMITED COMPANY, BROMSGROVE STREET
LIMITED, BLUE SKY ONE LIMITED, BLUE SKY SIX LIMITED, BLUE
SKY FIVE LIMITED, BLUE SKY FOUR LIMITED, BALLI REAL ESTATE
HOLDINGS LTD, BRAYMOOR LIMITED, GW BALLI HOLDINGS LIMITED, BALLI
HOLDINGS LIMITED, PHOENIX BIRMINGHAM LATITUDE LIMITED
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|
Director
|
NASSER ALAGHBAND
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Service Address
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5 STANHOPE GATE, LONDON, W1K 1AH.
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|
Country of Origin
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UNITED KINGDOM
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Date of Birth
|
05/03/1961
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Appointment Date
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27/10/1997
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Other Directorships
|
BALLI INVESTMENTS LIMITED, BALLI TRADING LIMITED, BALLI
GROUP PLC, BALLI CARBON LIMITED, BALLI PUBLIC LIMITED
COMPANY, BALLI HOLDINGS LIMITED, STANHOPE SERVICES LIMITED
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|
Financial Director
|
DAVID HENRY SPRIDDELL
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|
Service Address
|
5 STANHOPE GATE, LONDON, W1K 1AH.
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|
Country of Origin
|
UNITED KINGDOM
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Date of Birth
|
29/11/1961
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|
Appointment Date
|
28/03/2000
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Other Directorships
|
BALLI INVESTMENTS LIMITED, BALLI TRADING LIMITED, BALLI
GROUP PLC, BALROX LIMITED, BALLI CARBON LIMITED, STANHOPE
GATE DEVELOPMENTS LIMITED, BALLI PUBLIC LIMITED COMPANY, BALLI
REAL ESTATE HOLDINGS LTD, BRAYMOOR LIMITED, BALLI HOLDINGS
LIMITED, ATTELLO LIMITED, ATTELLO SPV LIMITED
|
Share Capital
|
Shares
|
Ordinary GBP 1.00
|
|
Issued Number
|
11,860,000
|
|
Shares
|
Ordinary 1 GBP 1.00
|
|
Issued Number
|
10,400,000
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Principal Shareholder
|
22,259,999 Balli Group PLC
|
|
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1 VahidAlaghband
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|
1 Balli Group PLC
|
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
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Ultimate Parent
|
BALLI STIFTUNG, a company incorporated in LIECHENSTEIN
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Financial Data– Statutory Accounts
Profit and Loss
The following figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
USD
|
USD
|
USD
|
USD
|
|
SALES
|
1249101
|
880455
|
1140306
|
790301
|
|
Cost of goods sold
|
1234535
|
857767
|
1108044
|
760619
|
|
GROSS PROFIT
|
14566
|
22688
|
32262
|
29682
|
|
Wages and Salaries
|
4597
|
4750
|
5775
|
7733
|
|
Directors Emoluments
|
327
|
333
|
401
|
316
|
|
Auditors Fees
|
66
|
70
|
105
|
25
|
|
Non-Audit Fees
|
|
|
|
79
|
|
Trading Profit
|
2249
|
4132
|
14094
|
13697
|
|
Depreciation
|
90
|
115
|
186
|
294
|
|
OPERATING PROFIT
|
2159
|
4017
|
13908
|
13403
|
|
Non Trading Income
|
8648
|
5093
|
8911
|
6511
|
|
Interest Payable
|
9076
|
7264
|
12041
|
12075
|
|
PRE TAX PROFIT
|
1731
|
1846
|
10778
|
7839
|
|
Taxation
|
214
|
313
|
1701
|
141
|
|
PROFIT AFTER TAX
|
1517
|
1533
|
9077
|
7698
|
|
RETAINED PROFITS
|
1517
|
1533
|
9077
|
7698
|
Balance Sheet
The following figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
USD
|
USD
|
USD
|
USD
|
|
TOTAL FIXED ASSETS
|
227
|
533
|
1158
|
1115
|
|
Tangible Assets
|
227
|
533
|
1158
|
1115
|
|
Fixed Assets
|
154
|
461
|
579
|
583
|
|
Intermediate assets
|
73
|
72
|
579
|
532
|
|
TOTAL CURRENT ASSETS
|
412857
|
299335
|
219144
|
355718
|
|
Trade debtors
|
280095
|
202472
|
175471
|
213467
|
|
Stocks
|
73681
|
158
|
|
82817
|
|
Other Current Assets
|
59081
|
96705
|
43673
|
59434
|
|
Misc Current Assets
|
3843
|
902
|
899
|
2081
|
|
Due From Group
|
35517
|
66101
|
6412
|
8548
|
|
Cash
|
19721
|
29702
|
36362
|
48805
|
|
TOTAL ASSETS
|
413084
|
299868
|
220302
|
356833
|
|
TOTAL CURRENT LIABILITIES
|
339828
|
226746
|
145995
|
291884
|
|
Trade creditors
|
23486
|
26456
|
44539
|
145538
|
|
Short Term Loans
|
314605
|
198643
|
98289
|
144059
|
|
Bank Overdraft
|
289204
|
168931
|
73706
|
124734
|
|
Due To Group
|
25401
|
29712
|
24583
|
19325
|
|
Other Liabilities
|
1737
|
1647
|
3167
|
2287
|
|
WORKING CAPITAL
|
73029
|
72589
|
73149
|
63834
|
|
TOTAL LONG TERM LIABS
|
23200
|
25100
|
25052
|
26081
|
|
Other Liabilities
|
23200
|
25100
|
25052
|
26081
|
|
NET ASSETS/(LIABILITIES)
|
50056
|
48022
|
49255
|
38868
|
|
SHARE CAPITAL + RESERVES
|
50056
|
48022
|
49255
|
38868
|
|
Share Cap + Sundry Res
|
31742
|
31742
|
31742
|
31742
|
|
Issued Share Capital
|
30400
|
30400
|
30400
|
30400
|
|
Sundry Reserves
|
1342
|
1342
|
1342
|
1342
|
|
Profit and Loss account
|
18314
|
16280
|
17513
|
7126
|
|
SHAREHOLDERS FUNDS
|
50056
|
48022
|
49255
|
38868
|
|
CAPITAL EMPLOYED
|
73256
|
73122
|
74307
|
64949
|
Financial Comparison
The following figures are shown in units of 1000
|
Number of Weeks
|
52
|
52
|
52
|
52
|
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Currency
|
USD
|
USD
|
USD
|
USD
|
|
Directors Remuneration
|
327
|
333
|
401
|
316
|
|
Auditors Remuneration
|
66
|
70
|
105
|
25
|
|
Liquid Assets
|
299816
|
232174
|
211833
|
262272
|
|
Net Working Capital
|
73029
|
72589
|
73149
|
63834
|
|
Long Term Debt(>12 Months)
|
|
|
|
|
|
Other Deferred Liabs
|
23200
|
25100
|
25052
|
26081
|
|
Tangible Net Worth(T.N.W)
|
50056
|
48022
|
49255
|
38868
|
|
Equity
|
50056
|
48022
|
49255
|
38868
|
|
Number of Years Trading
|
13
|
12
|
11
|
10
|
|
Number of Employees
|
68
|
70
|
79
|
92
|
|
Profit per Employee
|
25455.9
|
26371.4
|
136430.4
|
85206.5
|
|
Sales per Employee
|
18369132.4
|
12577928.6
|
14434253.2
|
8590228.3
|
Key Credit Ratios
The following figures are shown as Ratios or Percentages
|
Accounts Date
|
31/12/2010
|
31/12/2009
|
31/12/2008
|
31/12/2007
|
|
Consolidated
|
Yes
|
Yes
|
Yes
|
Yes
|
|
Current Ratio
|
1.2
|
1.3
|
1.5
|
1.2
|
|
Pre Tax Profit Margin%
|
0.1
|
0.2
|
0.9
|
1
|
|
Gross Profit%
|
1.2
|
2.6
|
2.8
|
3.8
|
|
Debtors Days (D.S.O)
|
82
|
84
|
56
|
99
|
|
Creditors Days (D.P.O)
|
7
|
11
|
14
|
67
|
|
Quick Ratio
|
1
|
1.3
|
1.5
|
0.9
|
|
W.I.P/Inventory Days
|
21.8
|
0.1
|
|
39.7
|
|
Return on Investment%
|
2.8
|
3.4
|
13.2
|
9.5
|
|
Return on Assets%
|
0.4
|
0.6
|
4.9
|
2.2
|
|
T.N.W/Total Assets%
|
12.1
|
16
|
22.4
|
10.9
|
|
Return on Capital%
|
2.4
|
2.5
|
14.5
|
12.1
|
|
Rtn on Shareholders Funds%
|
3.5
|
3.8
|
21.9
|
20.2
|
|
Working Capital/Sales%
|
5.8
|
8.2
|
6.4
|
8.1
|
|
Borrowing Ratio%
|
628.5
|
413.6
|
199.6
|
370.6
|
|
Equity Gearing%
|
13.8
|
19.1
|
28.8
|
12.2
|
|
Stock Turnover
|
17
|
5572.5
|
|
9.5
|
|
Days Purchases Outstanding
|
6.9
|
11.3
|
14.7
|
69.8
|
|
Sales/Fixed Assets
|
8111
|
1909.9
|
1969.4
|
1355.6
|
|
Debt Gearing
|
|
|
|
|
Key Industry Sector Trends
|
Year
|
2011
|
2010
|
2009
|
2008
|
|
Sample Size
|
2746
|
6364
|
6411
|
6498
|
|
Pre-Tax Profit Margin
|
4.4
|
3.4
|
2.4
|
3.5
|
|
Current Ratio
|
1.6
|
1.6
|
1.7
|
1.6
|
|
Borrowing Ratio
|
82.6
|
101.8
|
98.7
|
106.1
|
|
Return on Capital
|
25.7
|
22.3
|
21.4
|
27.3
|
|
Creditors Days
|
53
|
92
|
109
|
52
|
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Wholesale of non-agricultural intermediate products,
waste and scrap
|
Financial Summary
Auditors Qualification
The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the accounts for the period ended
31/12/2010.
Turnover
Turnover increased by 42 % in the period and now totals
USD 1,249,101,000.
Operating Profit
Totalled USD 2,159,000. In the year prior a Profit of USD
4,017,000 was achieved.
Pre Tax Profit
The subject's profit decreased by 6 % over the previous
year.
Net Worth
Net worth has increased by 4 % and now stands at USD
50,056,000.
Long Term Liabilities
The company's long term liabilities reduced during the
period by 7 % and are now 46 % of net worth compared with 52 % in the
previous period.
Long Term Liabilities
Long term liabilities are now 6 % of total liabilities
compared with 8 % in the previous period.
Long Term Liabilities
Long term liabilities are 32 % of capital employed, a
decrease of 2 % over the previous period.
|