MIRA INFORM REPORT

 

 

Report Date :

11.02.2013

 

IDENTIFICATION DETAILS

 

Name :

MACALLOY LTD.

 

 

Registered Office :

Caxton Way Dinnington Sheffield, S25 3QE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.01.2012

 

 

Date of Incorporation :

07.01.2009

 

 

Com. Reg. No.:

06785440

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Manufacture of fabricated metal products

 

 

No. of Employees :

5

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dormant

Payment Behaviour :

--

Litigation :

--

 

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2012)

Current Rating

(30.06.2012)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

 

United Kingdom - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

 

Source : CIA

 

 

company name and address

 

 

MACALLOY LTD.

 

Caxton Way

Dinnington

Sheffield, S25 3QE

United Kingdom

(Trading Address)
 

Tel:                               01909 517590

 

Employees:                   5

Company Type:             Private Independent

                            

Quoted Status:              Non-quoted Company

Incorporation Date: 07-Jan-2009

Fiscal Year End:            31-Jan-2012

Reporting Currency:       British Pound Sterling

Annual Sales:                NA

Total Assets:                 NA

 

 

Business Description

 

 

Manufacture of fabricated metal products

 

 

Industry

   

 

Industry

Construction - Supplies and Fixtures

ANZSIC 2006:

2229 - Other Structural Metal Product Manufacturing

NACE 2002:

2811 - Manufacture of metal structures and parts of structures

NAICS 2002:

33231 - Plate Work and Fabricated Structural Product Manufacturing

UK SIC 2003:

2811 - Manufacture of metal structures and parts of structures

UK SIC 2007:

2511 - Manufacture of metal structures and parts of structures

US SIC 1987:

3441 - Fabricated Structural Metal

 

 

 

Key Executives

 

Name

Title

Peter Bryan Hoy

Company Director

 

Registered No.(UK):       06785440

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6246957
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6375173

 

 

Corporate Overview

 

Trade Status: Dormant

Location
Caxton Way
Dinnington
Sheffield, S25 3QE
South Yorkshire County
United Kingdom

 

Tel:                               01909 517590

 

Sales GBP(mil):             NA

Assets GBP(mil):           NA

Employees:                   5

Fiscal Year End:            31-Jan-2012

 

Industry:                        Construction - Supplies and Fixtures

Registered Address:
Caxton Way
Dinnington
Sheffield, S25 3QE
United Kingdom

 

Incorporation Date:         07-Jan-2009

Company Type:             Private Independent

Quoted Status:              Not Quoted

Previous Name:             Mccalls Sp Ltd.

Registered No.(UK):       06785440

 

 

 

Industry Codes

 

ANZSIC 2006 Codes:

2229

-

Other Structural Metal Product Manufacturing

 

NACE 2002 Codes:

2811

-

Manufacture of metal structures and parts of structures

 

NAICS 2002 Codes:

33231

-

Plate Work and Fabricated Structural Product Manufacturing

 

US SIC 1987:

3441

-

Fabricated Structural Metal

 

UK SIC 2003:

2811

-

Manufacture of metal structures and parts of structures

 

UK SIC 2007:

2511

-

Manufacture of metal structures and parts of structures

 

 

Business Description

 

Manufacture of fabricated metal products

 

More Business Descriptions

 

Freight Forwarders

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Issued Capital:

0.0

 

 

 

Date of Financial Data:

31-Jan-2012

 

1 Year Growth

 

 

Key Corporate Relationships

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

01-31-2012

 

 

Board of Directors

 

Name

Title

Function

Peter Bryan Hoy

 

Company Director

Director/Board Member

Age: 52

 

 

Directors and Shareholders Report

 

Main Office Address:
Caxton Way
Dinnington
Sheffield
United Kingdom S25 3QE

Tel: 01909 517590

Annual Return Date: 07 Jan 2013

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Peter Bryan
Hoy

Current

06 Nov 1960

18 Slayleigh Avenue, Fulwood,
Sheffield, South Yorkshire S10 3RB

07 Jan 2009

NA

Current:7
Previous:6
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

Individual Secretaries

 

There are no individual secretaries for this company.

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

Individual Shareholders

 

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Peter Hoy

1 Ordinary GBP 1.00

Ordinary

1

1.00

1.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

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

 

 

 

31-Jan-2012

31-Jan-2011

31-Jan-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

Exchange Rate (Period Average)

0.624696

0.648787

0.635292

Consolidated

No

No

No

 

 

 

 

Audit Fees

0.0

0.0

0.0

 

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Jan-2012

31-Jan-2010

Filed Currency

GBP

GBP

Exchange Rate

0.637517

0.624064

Consolidated

No

No

 

 

 

Cash and Equivalents

-

0.0

Other Current Assets

-

0.0

Total Current Assets

-

0.0

Total Assets

-

0.0

Bank Overdraft

-

0.0

Bank Loan Overdrafts

-

0.0

Total Short Term Loans

-

0.0

Other Current Liabilities

-

0.0

Total Current Liabilities

-

0.0

Working Capital

-

0.0

Total Long Term Loans

-

0.0

Other Long Term Liabilities

-

0.0

Total Long Term Liabilities

-

0.0

Issued Capital

0.0

-

Total Reserve

-

0.0

Total Shareholders Funds

-

0.0

Net Worth

-

0.0

 

 

Annual Ratios

 

 

 

 

31-Jan-2012

31-Jan-2011

31-Jan-2010

Period Length

12 Months

12 Months

12 Months

Filed Currency

-

-

-

Exchange Rate

-

-

-

Consolidated

No

No

No

 

 

 

 

Solvency Ratio

-

-

100.00%

Financial Strength Ratio

0.00

0.00

0.00

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.57

UK Pound

1

Rs.84.25

Euro

1

Rs.71.78

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

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.