MIRA INFORM REPORT
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Report Date : |
02.03.2012 |
IDENTIFICATION DETAILS
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Name : |
OAKDALE (CONTRACTS) LIMITED |
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Registered Office : |
Teal House 10 Teal Farm Way, Teal Farm Park,
Washington, Tyne And Wear, Ne38 8bg. |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
12.08.1996 |
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Com. Reg. No.: |
03236687 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Suppliers of of decorative paving, walling and hard landscaping
products |
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No. of Employees
: |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 54,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United Kingdom |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Subject Reported on |
OAKDALE (CONTRACTS) LIMITED |
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Registration Number |
03236687 |
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VAT Number |
GB827418712 |
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Address |
FOSS WAY, WALKERVILLE IND EST, CATTERICK GARRISON, NORTH YORKSHIRE,
DL9 4SA. |
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Telephone |
01748 834184 |
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Email |
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Web Address |
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Monthly Credit Guide |
GBP 54,000 |
|
Legal Form |
Private Limited |
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Registration Number |
03236687 |
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VAT Number |
GB827418712 |
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Subject Status |
Trading |
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Date of Incorporation |
12/08/1996 |
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Registered Office |
TEAL HOUSE 10 TEAL FARM WAY, TEAL FARM PARK, WASHINGTON, TYNE AND
WEAR, NE38 8BG. |
|
History |
21/10/2009 : The Registered Office address changed from TEAL HOUSE 10
TEAL FARM WAY, TEAL FARM PARK P. |
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|
8/05/2008 : The Registered Office address changed from C/O JOHN
HELLENS (CONTRACTS) LTD, COLLIERY LA. |
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11/09/2002 : The Registered Office address changed from COLLIERY LANE,
HETTON LE HOLE, HOUGHTON LE SP. |
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8/04/2000 : The Registered Office address changed from WALKERVILLE
INDUSTRIAL PARK, COLBURN, RICHMON. |
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Date of Last Annual Return to Registry |
12/08/2011 |
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Accounts |
The last filed accounts at Companies House are those to 31/03/2011 |
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Accounting Reference Date |
31/03 |
|
Activities |
Suppliers of of decorative paving, walling and hard landscaping
products. |
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Nace Code |
2666 |
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Premises |
Owned,Factory |
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Staff Employed |
20 |
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Import Countries |
No Import Activity |
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Export Countries |
No Export Activity |
|
Bankers |
BARCLAYS BANK PLC |
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Address |
DURHAM. |
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Sort Code |
202741 |
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Auditors |
Mullen Stoker |
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Branches |
FOSS WAY, WALKERVILLE IND EST, CATTERICK GARRISON, NORTH YORKSHIRE,
DL9 4SA. |
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Search History Summary |
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
0 |
2 |
8 |
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Search History Details |
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|
The Search History Details shows details of the most recent 40
searches |
|
Date |
Description |
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17/10/2011 |
Miscellaneous |
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17/10/2011 |
Miscellaneous |
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18/07/2011 |
Miscellaneous |
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18/07/2011 |
Miscellaneous |
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06/07/2011 |
Miscellaneous |
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14/06/2011 |
Miscellaneous |
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13/06/2011 |
Miscellaneous |
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11/04/2011 |
Miscellaneous |
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03/12/2010 |
Miscellaneous |
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Summary of
CCJ's/Scottish Decrees |
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No CCJs/Scottish Decrees are recorded in our file. |
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Total Number of Mortgages/Charges Registered |
2 |
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Number Outstanding |
2 |
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Number Partially Satisfied |
0 |
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Number Satisfied |
0 |
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Date of Latest Mortgage Created |
08/10/2010 |
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Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
|
|
19/10/2010 |
08/10/2010 |
Fixed Floating Charge |
MG01 |
Barclays Bank Plc |
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04/11/1996 |
24/10/1996 |
Guarantee Debenture |
395 |
Barclays Bank Plc |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
|
Date |
Source |
Description |
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19/01/2010 |
Companies House Gazette |
Notification of any change among the company's directors |
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11/01/2007 |
Companies House Gazette |
Change among directors of a company |
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06/01/2007 |
Companies House Gazette |
Change among directors of a company |
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09/04/2003 |
Companies House Gazette |
Change among directors of a company |
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31/03/2001 |
Companies House Gazette |
Change among directors of a company |
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18/09/1998 |
Companies House Gazette |
Change among directors of a company |
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17/10/1996 |
Companies House Gazette |
Change among directors of a company |
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05/10/1996 |
Companies House Gazette |
Alteration in memorandum or articles of association |
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05/10/1996 |
Companies House Gazette |
Special resolutions passed under section 95 disapplication of
pre-emption rights |
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15/08/1996 |
Companies House Gazette |
Change among directors of a company |
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Secretary |
MR GAVIN DAVID CORDWELL-SMITH |
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Service Address |
TEAL HOUSE 10 TEAL FARM WAY, TEAL FARM PARK, WASHINGTON, TYNE AND
WEAR, NE38 8BG. |
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Country of Origin |
UNITED KINGDOM |
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Appointment Date |
12/01/2010 |
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Director |
MR GAVIN DAVID CORDWELL-SMITH |
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Service Address |
TEAL HOUSE 10 TEAL FARM WAY, TEAL FARM PARK, WASHINGTON, TYNE AND
WEAR, NE38 8BG. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
16/03/1976 |
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Appointment Date |
12/01/2010 |
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Other Directorships |
HELLENS INVESTMENTS (WASHINGTON) LLP, HELLENS INVESTMENTS
(EPPLETON) LLP, HELLENS INVESTMENTS (CARLTON) LLP, RED HOUSE SCHOOL
LIMITED, JOHN HELLENS (CONTRACTS) LIMITED, HELLENS PLANT
LIMITED, HELLENS GROUP HOLDINGS LIMITED |
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|
|
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Service Address |
TEAL HOUSE 10 TEAL FARM WAY, TEAL FARM PARK, WASHINGTON, TYNE AND
WEAR, NE38 8BG. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
18/09/1959 |
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Appointment Date |
01/12/2006 |
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Shares |
Ordinary GBP 1.00 |
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Issued Number |
7,142 |
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Principal Shareholder |
5,000 Hellens Group Ltd |
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2,142 M W Trustees Ltd |
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2,142 ASB Ltd Pension & Life Assurance Scheme |
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The above reflects the principle shareholder(s) by number of shares held,
irrespective of share classification type. |
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Holding Company |
HELLENS GROUP LIMITED |
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Ultimate Parent |
HELLENS GROUP HOLDINGS LIMITED |
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Profit & Loss Accounts are not available for companies categorised
as small companies under the companies act. |
Balance
Sheet
The following figures are shown in units
of 1000
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
TOTAL FIXED ASSETS |
206 |
274 |
328 |
411 |
|
Tangible Assets |
206 |
274 |
328 |
411 |
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TOTAL CURRENT ASSETS |
754 |
794 |
935 |
1055 |
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Trade debtors |
395 |
340 |
363 |
431 |
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Stocks |
328 |
454 |
572 |
624 |
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Other Current Assets |
31 |
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Cash |
31 |
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TOTAL ASSETS |
960 |
1068 |
1263 |
1466 |
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TOTAL CURRENT LIABILITIES |
515 |
383 |
498 |
577 |
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Trade creditors |
515 |
383 |
498 |
577 |
|
WORKING CAPITAL |
239 |
411 |
437 |
478 |
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TOTAL LONG TERM LIABS |
90 |
343 |
392 |
494 |
|
NET ASSETS/(LIABILITIES) |
355 |
342 |
373 |
395 |
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SHARE CAPITAL + RESERVES |
355 |
342 |
373 |
395 |
|
Share Cap + Sundry Res |
175 |
175 |
175 |
175 |
|
Profit and Loss account |
180 |
167 |
198 |
220 |
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SHAREHOLDERS FUNDS |
355 |
342 |
373 |
395 |
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CAPITAL EMPLOYED |
445 |
685 |
765 |
889 |
Financial Comparison
The following
figures are shown in units of 1000
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Liquid Assets |
426 |
340 |
363 |
431 |
|
Net Working Capital |
239 |
411 |
437 |
478 |
|
Other Deferred Liabs |
90 |
343 |
392 |
494 |
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Tangible Net Worth(T.N.W) |
355 |
342 |
373 |
395 |
|
Equity |
355 |
342 |
373 |
395 |
|
Number of Years Trading |
15 |
14 |
13 |
12 |
Key Credit Ratios
The following figures are shown as Ratios or
Percentages
|
Accounts Date |
31/03/2011 |
31/03/2010 |
31/03/2009 |
31/03/2008 |
|
Current Ratio |
1.5 |
2.1 |
1.9 |
1.8 |
|
Quick Ratio |
0.8 |
0.9 |
0.7 |
0.7 |
|
T.N.W/Total Assets% |
37 |
32 |
29.5 |
26.9 |
|
Equity Gearing% |
58.7 |
47.1 |
41.9 |
36.9 |
|
Year |
2011 |
2010 |
2009 |
2008 |
|
Sample Size |
227 |
505 |
502 |
544 |
|
Pre-Tax Profit Margin |
(2.9) |
(0.8) |
(1.7) |
(0.5) |
|
Current Ratio |
1.2 |
1.2 |
1.3 |
1.2 |
|
Borrowing Ratio |
37.8 |
46.3 |
35.6 |
27.4 |
|
Return on Capital |
27.1 |
5.2 |
10.4 |
7.6 |
|
Creditors Days |
41 |
50 |
42 |
39 |
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Manufacture of articles of concrete, plaster
and cement |
Auditors Qualification
The Auditors have expressed a clean opinion (i.e. unqualified with no
referrals) on the accounts for the period ended 31/03/2011.
No Turnover
The company's balance sheet total is less than GBP 2,800,001 and
therefore this is a small company as defined by the Companies Act.It is not
required to disclose turnover but it is likely to be less than GBP 5,600,000.
No Pre-Tax Profit
The Company is exempt from the requirement to file a Profit Loss
Account. We note that the difference on the Profit and Loss Account shown on
the Balance Sheet is GBP 13,000 increase. This suggests that the Company may
have made a post-tax profit of GBP 13,000.
Working Capital
The company's working capital, while remaining positive, decreased by 42
% in the period.
Net Worth
Net worth has increased by 4 % and now stands at GBP 355,000.
Fixed Assets
The subject's fixed assets reduced during the year by GBP 68,000 to GBP
206,000 and are now 21 % of total assets compared with 25 % in the previous
year.
Long Term Liabilities
The company's long term liabilities reduced during the period by 73 %
and are now 25 % of net worth compared with 100 % in the previous period.
Long Term Liabilities
Long term liabilities are now 9 % of total liabilities compared with 32
% in the previous period.
Long Term Liabilities
Long term liabilities are 20 % of capital employed, a decrease of 30 %
over the previous period.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.15 |
|
UK Pound |
1 |
Rs.78.25 |
|
Euro |
1 |
Rs.65.57 |
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 |
|
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.