MIRA INFORM REPORT

 

 

Report Date :

15.12.2014

 

IDENTIFICATION DETAILS

 

Name :

KEBRELL NUTS AND BOLTS LIMITED

 

 

Registered Office :

New Midland Works Heath Road Wednesbury West Midlands WS10 8XE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

28.02.2014

 

 

Date of Incorporation :

25.01.1980

 

 

Com. Reg. No.:

01475515

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesalers of precision nuts and bolts

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

 

Source : CIA

Company name and address

 

KEBRELL NUTS AND BOLTS LIMITED

Telephone

+44 012 1526 6049

NEW MIDLAND WORKS

Fax

-

HEATH ROAD

Website

www.kebrell.co.uk

WEDNESBURY

 

 

WEST MIDLANDS

 

 

WS10 8XE

 

 

United Kingdom

 

 

 

 

Comments

 

No exact match CCJs are recorded against the company. The credit limit on this company has risen 15.9% in comparison to the previously suggested credit limit. Net Worth increased by 3.6% during the latest trading period. The audit report contains no adverse comments. The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

A 0.9% decline in Total Assets occurred during the latest trading period. The company saw a decrease in their Cash Balance of 5.8% during the latest trading period.

There has been no significant change in the company's credit rating. There is insufficient data to indicate a change in this company's percentage of sales. There is insufficient data to indicate a change in this company's pre-tax profit. No recent changes in directorship are recorded. The company is not part of a group. The company was established over 34 years ago.

 

 

Basic information

 

Legal form

Private limited with Share Capital

 

Foundation

25/01/1980

 

Company No.

01475515

 

 

Shareholders

 

Name

Currency

Number of shares

Share type

Nominal value

R. EMMS

GBP

500

ORDINARY

1

S. EMMS

GBP

500

ORDINARY

1

Total Share Capital

GBP 1,000

 

 

Management

Directors

Address:

 

Date of birth

Nationality

Appointment date

Doone House, Lighthorne, Warwick, Warwickshire CV35 0AT

Doone House, Lighthorne, Warwick,

Warwickshire CV35 0AT

11/08/1939

British

31/08/1991

Mr Raymond Emms

Doone House, Lighthorne, Warwick,

Warwickshire CV35 0AT

22/09/1940

British

31/08/1991

 

Secretary

No Secretary appointed

 

 

Other Known Addresses

 

21-23 St. Helens Way, Thetford, NorfolkIP241HG

Harper Road, Coventry, West Midlands CV1 2AP H

eath Road, Wednesbury, West Midlands WS10 8XL

Imperial Works, 93 Lockfield Avenue, Enfield, Middlesex EN3 7PY

Lyon Road Industrial Estate, Kearsley, Bolton, Lancashire BL4 8NB

New Midland Works, Heath Road, Wednesbury, West Midlands WS10 8XE

Unit 12, Lyon Road Industrial Estate, Kearsely, Bolton, Lancashire BL4 8NB

Unit 2A, Cater House, Cater Road, Bristol, Avon BS13 7TW

 

 

Business activities

 

Main activity

Principal Activity

Wholesalers of precision nuts and bolts.

SIC03

Other wholesale

SIC07

Non-specialised wholesale trade

 

 

Economic data

 

Turnover and Employees

 

Date of Accounts

Turnover

Employees

29/02/2012

Not Stated

Not Stated

28/02/2013

Not Stated

Not Stated

28/02/2014

Not Stated

Not Stated

 

 

Supplementary data

 

Banks

 

Bank Name

Bank Branch Sort Code

NATIONAL WESTMINSTER BANK PLC

 

 

 

Auditor

 

Auditor name

NICKLIN LLP

 

 

Company history

 

Date

Action

29/12/2009

New Accounts Filed

27/09/2010

Annual Returns

04/12/2010

New Accounts Filed

04/12/2010

New Accounts Filed

24/09/2011

Annual Returns

07/11/2011

New Accounts Filed

07/11/2011

New Accounts Filed

03/10/2012

Mr G.B. Barrett has resigned as company secretary

06/10/2012

Annual Returns

23/11/2012

New Accounts Filed

23/11/2012

New Accounts Filed

25/09/2013

Annual Returns

21/11/2013

New Accounts Filed

17/09/2014

Annual Returns

27/11/2014

New Accounts Filed

27/11/2014

New Accounts Filed

 

 

Mortgages

 

Charge created

04/09/1984

Charge registered

12/09/1984

Status

OUTSTANDING

Entitled person

NATIONAL WESTMINSTER BANK PLC

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

IN RELATION TOA GUARANTEE FOR PAYMENT OF SUMS DUE TO THE COMMIS­SIONERS OF CUSTOMERS AND EXCISE FOR STERLING POUNDS 10,000

Mortgage detail

THE SUM OF STERLING POUNDS 20,000 TOGETHER WITH INTEREST HELD BY

THE BANK ON ANACCOUNT IN THE NAME OF THE BANK AND EARMARKED RE THE COMPANY

 

Charge created

22/01/1985

Charge registered

28/01/1985

Status

OUTSTANDING

Entitled person

NATIONAL WESTMINSTER BANK PLC

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

IN RELATION TOA GUARANTEE FOR PAYMENT OF SUMS DUE TO THE COM­MISSIONERS OF CUSTOMS AND EXCISE OF STERLING POUNDS 15,000 DATED 3/12/84

Mortgage detail

THE SUM OF STERLING POUNDS 30,000 TOGETHER WITH INTEREST ACCRUED

HELD BY THE BANK ON AN ACCOUNT IN THE NAME OF THE BANKAND EAR­MARKED RE THE COMPANY.

 

County Court Judgments (CCJs)

There are no County Court Judgments listed against this company

 

 

Charge registered

28/07/1988

Status

OUTSTANDING

Entitled person

NATIONAL WESTMINSTER BANK PLC

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Mortgage detail

66 BAYTON ROAD, EXHALL COVENTRY, TITLE NO WK 123308 AND/OR THE PRO­CEEDS OF SALETHEREOF. FLOATING CHARGE OVER ALL MOVEABLE PLANT MA­CHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

 

Accounts

 

Profit & Loss

 

 

28/02/2014

52

GBP

Group: No

28/02/2013

52

GBP

Group: No

29/02/2012

52

GBP

Group: No

28/02/2011

52

GBP

Group: No

Turnover

0

0

0

0

Export

-

-

-

-

Cost of Sales

-

-

-

-

Gross Profit

-

-

-

-

Wages And Salaries

0

0

0

0

Directors Emoluments

-

-

-

-

Operating Profit

-

-

-

-

Depreciation

84,208

88,696

88,360

80,201

Audit Fees

-

-

-

-

Interests Payments

-

-

-

-

Pre Tax Profit

0

0

0

0

Taxation

-

-

-

-

Profit After Tax

-

-

-

-

Dividends Payable

-

-

-

-

Retained Profit

-

-

-

-

 

 

Balance Sheet

 

 

28/02/2014

52

GBP

Group: No

28/02/2013

52

GBP

Group: No

29/02/2012

52

GBP

Group: No

28/02/2011

52

GBP

Group: No

Tangible Assets

2,780,365

2,862,930

2,727,210

2,762,859

Intangible Assets

0

0

0

0

Total Fixed Assets

2,780,365

2,862,930

2,727,210

2,762,859

Stock

1,178,866

1,186,397

1,038,028

751,557

Trade Debtors

1,106,166

976,007

1,344,466

1,201,496

Cash

1,582,736

1,680,882

1,739,464

1,915,713

Other Debtors

0

0

0

0

Miscellaneous Current Assets

0

0

0

0

Total Current Assets

3,867,768

3,843,286

4,121,958

3,868,766

Trade Creditors

2,139,858

2,349,340

2,570,962

2,491,657

Bank Loans and Overdraft

0

0

0

0

Other Short Term Finance

0

0

0

0

Miscellaneous Current Liabilities

0

0

0

0

Total Current Liabilities

2,139,858

2,349,340

2,570,962

2,491,657

Bank Loans and Overdrafts LTL

22,621

25,763

27,976

22,439

Other Long Term Finance

0

0

0

0

Total Long Term Liabilities

22,621

25,763

27,976

22,439

 

 

Capital & Reserves

 

 

28/02/2014

52

GBP

Group: No

28/02/2013

52

GBP

Group: No

29/02/2012

52

GBP

Group: No

28/02/2011

52

GBP

Group: No

Called Up Share Capital

2

2

2

2

P and L Account Reserve

2,872,980

2,683,672

2,541,915

2,409,214

Revaluation Reserve

1,612,672

1,647,439

1,708,313

1,708,313

Sundry Reserves

0

0

0

0

Shareholders Funds

4,485,654

4,331,113

4,250,230

4,117,529

 

 

Other Financial Items

 

 

28/02/2014

52

GBP

Group: No

28/02/2013

52

GBP

Group: No

29/02/2012

52

GBP

Group: No

28/02/2011

52

GBP

Group: No

Net Worth

4,485,654

4,331,113

4,250,230

4,117,529

Working Capital

1,727,910

1,493,946

1,550,996

1,377,109

Total Assets

6,648,133

6,706,216

6,849,168

6,631,625

Total Liabilities

2,162,479

2,375,103

2,598,938

2,514,096

Net Assets

4,485,654

4,331,113

4,250,230

4,117,529

 

 

Cash Flow

 

 

28/02/2014

28/02/2013

29/02/2012

28/02/2011

 

52

52

52

52

 

GBP

GBP

GBP

GBP

 

Group: No

Group: No

Group: No

Group: No

Net Cash Flow from Operations

0

0

0

0

Net Cash Flow before Financing

0

0

0

0

Net Cash Flow from Financing

0

0

0

0

Increase in Cash

-98,146

-58,582

-176,249

154,890

 

 

Miscellaneous

 

 

28/02/2014

28/02/2013

29/02/2012

28/02/2011

 

52

52

52

52

 

GBP

GBP

GBP

GBP

 

Group: No

Group: No

Group: No

Group: No

Capital Employed

4,508,275

4,356,876

4,278,206

4,139,968

 

 

Financial Ratios

 

Name

28/02/2014

28/02/2013

29/02/2012

28/02/2011

Pre Tax Profit Margin

0.0%

0.0%

0.0%

0.0%

Current Ration

1.81

1.64

1.60

1.55

Sales or Net Working Capital

0.00

0.00

0.00

0.00

Gearing

0.50 %

0.59 %

0.66 %

0.54 %

Equity

67.47 %

64.58 %

62.05 %

62.09 %

Creditor Days

0.00

0.00

0.00

0.00

Debtor Days

0.00

0.00

0.00

0.00

Liquidity or Acid test

1.25

1.13

1.19

1.25

Return on Capital Employed

0.0%

0.0%

0.0%

0.0%

Return on Total Assets Employed

0.0%

0.0%

0.0%

0.0%

Current Debt Ratio

0.47 %

0.54 %

0.60 %

0.60 %

Total Debt Ratio

0.48 %

0.54 %

0.61 %

0.61 %

Stock Turnover Ratio

0.0%

0.0%

0.0%

0.0%

Return on Net Assets Employed

0.0%

0.0%

0.0%

0.0%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.44

UK Pound

1

Rs.98.15

Euro

1

Rs.77.38

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIS

 

               

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.