MIRA INFORM REPORT

 

 

Report Date :

31.12.2014

 

IDENTIFICATION DETAILS

 

Name :

CLARK DRAIN LIMITED

 

 

Formerly Known As :

CLARKSTEEL LIMITED

 

 

Registered Office :

Station Road Yaxley, Peterborough PE7, 3EQ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2012

 

 

Date of Incorporation :

15.01.2004

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Manufacture of Other Chemical Products.

 

 

No. of Employees :

143

 

 

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

 

 

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

 

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

·         Company Name:

·         CLARK-DRAIN LIMITED

·         Company No:

·         01397422

·         Safe No:

·         UK01066528

·         Company Status:

·         Active - Accounts Filed

·         Registered Address:

·         STATION ROAD STATION ROAD YAXLEY PETERBOROUGH PE7 3EQ

·         Your Login:

·         101031649

·         Your User ID:

·         ASHLEIGH

·         Date/Time:

·         14:11 Tuesday, 05 August 2014

 

 

 

 

DIRECTORS /MANAGEMENT

 

Total Current Directors 7

Total Current Secretaries 0

Total Previous Directors / 6 Company Secretaries

 

 

CURRENT DIRECTORS

 

Name

Dorothy May Clark       Date of Birth 11/10/1925

Officers Title

Ms                           Nationality British

Present Appointments

11                           Function Director

Appointment Date

20/09/1992

Address

293 Broadway, Yaxley, Peterborough, Cambridgeshire, PE7 3NR

Other Actions

View Director Report    View Consumer Report View AML Report

View Trace Report

Name

Ronald Francis Clark    Date of Birth 16/12/1949

Officers Title

Mr                           Nationality British

Present Appointments

13                           Function Director

Appointment Date

20/09/1992

Address

24 Svenskaby, Orton Wistow, Peterborough, Cambridgeshire, PE2 6YZ

 

 

Other Actions

View Director Report

View Consumer Report View AML Report

View Trace Report

Name

Pamela May Spencer

Date of Birth 18/03/1960

Officers Title

Ms

Nationality British

Present Appointments

19

Function Director

Appointment Date

20/09/1992

 

Address

4 Herne Road, Ramsey St Marys, Huntingdon, Cambridgeshire, PE26 2SR

Other Actions

View Director Report

View Consumer Report View AML Report

View Trace Report

Name

Sarah Jayne Hughes

Date of Birth 15/06/1973

Officers Title

Ms

Nationality British

Present Appointments

1

Function Director

Appointment Date

23/07/2007

 

Address

5 Tarrant, Werrington, Peterborough, Cambridgeshire, PE4 5EF

Other Actions

View Director Report

View Consumer Report View AML Report

View Trace Report

Name

Rachel Ellen Stuffins

Date of Birth 08/06/1976

Officers Title

Ms

Nationality British

Present Appointments

1

Function Director

Appointment Date

23/07/2007

 

Address

175 Uldale Way, Peterborough, Cambridgeshire, PE4 7ZW

Other Actions

View Director Report

View Consumer Report View AML Report

View Trace Report

Name

Rebecca Louise Hardy

Date of Birth 12/08/1982

Officers Title

Mrs

Nationality British

 

 

Present Appointments

1

Function

Director

 

Appointment Date

23/07/2007

 

Address

1 Violet Way, Yaxley, Peterborough, Cambridgeshire, PE7 3WE

Other Actions

View Director Report

View Consumer Report View AML Report

View Trace Report

Name

Darren John Hughes

Date of Birth 21/10/1972

Officers Title

Mr

Nationality British

Present Appointments

1

Function Director

Appointment Date

01/10/2010

 

Address

5 Tarrant, Werrington, Peterborough, PE4 5EF

Other Actions

View Director Report

View Consumer Report View AML Report

View Trace Report

Current Company Secretary

 

Previous Director/Company Secretaries

Name                                  Current Directorships            Previous Directorships

Dorothy May Clark

11

4

Francis Sidney Clark

1

5

Ronald Francis Clark

13

4

David Alan Crowson

0

1

Peter Harold Burgess

0

2

Trevor John Cheesman

2

1

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

 

·         Total Mortgage

·         7

·         Outstanding

·         3

·         Satisfied

 

CCJ

 

Total Number of Exact CCJs - 0

Total Value of Exact CCJs -

Total Number of Possible CCJs - 0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs - 0

Total Value of Satisfied CCJs -

Total Number of Writs

Exact CCJ Details

 

No CCJs found

 

Possible CCJs Details

 

There are no possible CCJ details

 

Writ Details

 

No writs found

 

Mortgage Details

 

Mortgage Type:                   FIXED AND FLOATING CHARGE

 

Date Charge Created: 20/09/05

Date Charge Registered: 28/09/05

Date Charge Satisfied: -

 

Status:                                      OUTSTANDING

Person(s) Entitled:                     THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Amount Secured:                      ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO

THE CHARGEE UNDER THE TERMSOF THE

AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE

CHARGE

Details:                                     FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND

ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING

GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS

FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE

CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:                         DEBENTURE

Date Charge Created:                18/03/02

Date Charge Registered:            21/03/02

Date Charge Satisfied:              -

Status:                                      OUTSTANDING

Person(s) Entitled:                     THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:                      ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO

THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND

ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING

GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS

FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:                         FIXED AND FLOATING CHARGE

Date Charge Created:                06/12/00

Date Charge Registered:            12/12/00

Date Charge Satisfied:              -

Status:                                      OUTSTANDING

Person(s) Entitled:                     ROYAL BANK INVOICE FINANCE LIMITED

 

 

Amount Secured:               ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO

THE CHARGEE WHETHER ARISING UNDER THE AGREEMENTFOR

THE PURCHASE OF DEBTS OR OTHERWISE

Details:                            BY WAY OF FIXED CHARGE ALL DEBTS AND THEIR RELATED

RIGHTS WHICH FAIL TO VEST ABSOLUTELY AND EFFECTIVELY IN

THE SECURITYHOLDER.BY WAY OF FLOATING CHARGE ALL THE

UNDERTAKING ALL THE PROPERTY RIGHTS ANDASSETS OF THE

COMPANY INCLUDING STOCK IN TRADE AND ITS UNCALLED

CAPITAL

Mortgage Type:                 LEGAL CHARGE

Date Charge Created:         29/12/93

Date Charge Registered:      31/12/93

Date Charge Satisfied:        08/06/99

Status:                             SATISFIED

Person(s) Entitled:              THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:               ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO

THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:                            BY WAY OF LEGAL MORTGAGE F/H LAND LYINGTO THE SOUTH

OF STATION ROAD, YAXLEY, HUNTINGDONSHIRE,

CAMBRIDGESHIRE T/NO. CB149300AND THE GOODWILL OF THE

BUSINESS BY WAY OF FIXED CHARGE THE BENEFIT OF ALL

COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND

THE PLANT MACHINERY FIXTURES AND FITTINGS FURNITURE

EQUIPMENT IMPLEMENTS AND UTENSILS

Mortgage Type:                 DEBENTURE

Date Charge Created:         26/11/93

Date Charge Registered:      30/11/93

Date Charge Satisfied:        08/06/99

Status:                             SATISFIED

Person(s) Entitled:              THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:               ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO

THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:                            FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND

ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING

GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS

FIXTURESFIXED PLANT AND MACHINERY

Mortgage Type:                 MORTGAGE

Date Charge Created:         19/08/92

Date Charge Registered:      25/08/92

Date Charge Satisfied:        18/01/94

Status:                             SATISFIED

Person(s) Entitled:              FIRST NATIONAL COMMERCIAL BANK PLC

Amount Secured:               ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO

THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:                            F/H PROPERTY K/A THE FOUNDRY, STATION ROAD, YAXLEY AS

COMPRISED IN A CONVEYANCEOF EVEN DATE. FIXED AND

FLOATING CHARGES OVER THE UNDERTAKING AND ALL

PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING

GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS

FIXTURES FIXED PLANT AND MACHINERY

Mortgage Type:                 DEBENTURE

Date Charge Created:         25/11/88

Date Charge Registered:      28/11/88

Date Charge Satisfied:        18/01/94

Status:                             SATISFIED

Person(s) Entitled:              FIRST NATIONAL COMMERCIAL BANK PLC

Amount Secured:               ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO

THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:                            (FOR FULL DETAILS SEE FORM 395) FIXED AND FLOATING

CHARGES OVER THE UNDERTAKING AND ALL PROPERTY

ANDASSETS PRESENT AND FUTURE INCLUDING GOODWILL

BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED

PLANT AND MACHINERY

 

 

SHARE & SHARE CAPITAL INFORMATION

 

TOP 20 SHAREHOLDERS

 

Name

Currency

Share Count

Share Nominal Type Value

% Of Total Share Count

CLARKSTEEL HOLDINGS LTD

GBP

1,702

ORDINARY 1

76.05

PAMELA MAY SPENCER

GBP

134

ORDINARY 1

5.99

RONALD FRANCIS CLARK

GBP

134

ORDINARY 1

5.99

F S CLARK DISCRETIONARY WILL TRUST A/C TFSCDWT

GBP

134

ORDINARY 1

5.99

DOROTHY MAY CLARK

GBP

112

ORDINARY 1

5

D M CLARK'S CHILDREN'S SETTLEMENT A/C TDMCCSDT

GBP

22

ORDINARY 1

0.98

 

 

PAYMENT INFORMATION

 

·         Trade Debtors / Bad Debt Summary

·         Total Number of Documented Trade . 24

·         Total Value of Documented Trade

·         £158,227

 

 

 

 

Trade Payment Information

 

Average Invoice Value 459.06

Invoices available 213

Paid 206

Outstanding 7

 

Trade Payment Data is information that we collect from selected third party partners who send

us information about their whole sales ledger.

 

Creditor Details

 

 

Total Number

Total Value

 

Trade Creditors                                                   0

-

 

No Creditor Data

Trade Debtors / Bad Debt Detail

 

 

Total Number of Documented Trade

Total Value of Documented Trade

Trade Debtors 24

£158,227

 

Company Name

Amount

Statement Date

Civils Drainage Supplies Ltd

£77,888

19/12/2012

Mortus Llp

£16,196

09/06/2011

Johnjac Cricket Supplies Limited

£12,315

10/01/2012

Stamford Fabrications Limited

£8,769

15/11/2012

Mortus Llp

£7,212

09/06/2011

P & R Steel Fabrications Limited

£6,445

31/07/2012

Rutland Engineering Services Limited

£6,432

30/09/2009

Engineering Design Fabrication Limited

£3,544

04/04/2013

Unique Building Supplies (Norfolk) Limited

£3,072

30/10/2012

 

Threecie Ltd

£2,321

10/07/2013

P D S Plastic Drainage Supplies Ltd

£2,054

27/01/2012

M B Services (UK) Limited

£1,864

23/07/2010

N Class Fabrication Limited

£1,574

21/10/2009

Pro-Fab Structural Ltd

£1,163

27/03/2013

Warmglade Limited

£1,161

13/02/2014

Build Depot Limited

£1,146

19/04/2013

Chesterfield Steelworks Limited

£960

10/08/2011

Steelwerkz Limited

£952

29/06/2011

D L Steel Fabrications Ltd

£869

20/09/2012

Ward & Roe Builders Merchants Limited

£854

27/07/2012

Banfield Engineering Co (Wisbech) Ltd

£495

28/10/2010

Convoy Structural Services Ltd

£420

12/08/2011

Crest Civils Supplies Limited

£334

23/04/2010

Absolute Precision Engineering Limited

£187

29/09/2009

Average Invoice Value

£459.06

 

Invoices available

213

 

Paid

206

 

Outstanding

7

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

 

Paid

135

55

5

8

3

Outstanding

0

2

1

2

2

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

STATISTICS

Group               5 companies

Linkages           0 companies

Countries          In 0 countries

 

SUMMARY

Holding Company                     CLARKSTEEL HOLDINGS LIMITED

Ownership Status                      Wholly Owned

Ultimate Holding Company        CLARKSTEEL HOLDINGS LIMITED

 

 

Group structure

 

Company Name

Registered

Number

Latest Key

Financials

Consol.

Accounts

Turnover

CLARKSTEEL

HOLDINGS

LIMITED

01011833

31.12.2012

Y

£170,000 £21,248,683

CLARKSTEEL

GALVANISING...

02295049

31.12.2013

N

--

CLARKSTEEL

LIMITED

05098417

31.12.2013

N

--

SINO-BRITAIN

TRADING L...

05637578

31.12.2012

N

£28,000

CLARK-DRAIN

LIMITED

01397422

31.12.2012

N

£155,000 £19,733,738

 

 

Financial Information

 

year to Date

Turnover

Pre Tan Profit

Shareholder

Funds Employees

31/12/2012

£19,733,738

£550,471

£4,206,476

143

 

31/12/2011

£18,645,539

£1 55,546

£3,803,761

148

 

31/12/2010

£16,071,749

£47,251

£3,673,095

154

 

 

 

Profit & Loss

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£19,733,738

5.8%

£18,645,589

9.9%

£16,971,749

-9.6%

£18,771,740

-7%

£20,185,289

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-100%

£12,387,124

Gross Profit

-

-

-

-

-

-

-

-

£7,798,165

Wages & Salaries

£3,968,344

-0.7%

£3,996,309

0.1%

£3,993,922

-1.7%

£4,064,955

-7.6%

£4,400,332

Directors Emoluments

£767,742

5.4%

£728,171

2.5%

£710,184

4.3%

£680,732

2.2%

£665,817

Operating Profit

£606,840

130.3%

£263,519

177.6%

£94,939

-86.2%

£689,079

6.2%

£648,623

Depreciation

£625,218

-22.6%

£807,895

8.7%

£743,149

-4.9%

£781,198

4.1%

£750,490

Audit Fees

£13,500

3.8%

£13,000

-

£13,000

-23.5%

£17,000

-15%

£20,000

Interest Payments

£58,437

-46%

£108,181

126.9%

£47,688

-29.5%

£67,611

-23.5%

£88,353

Pre Tax Profit

£550,471

253.9%

£155,546

229.2%

£47,251

-92.4%

£621,808

8.7%

£572,191

Taxation

-£147,756

-394.5%

-£29,880

12.4%

-£34,124

78.8%

-£160,605

-14.3%

-£140,501

Profit After Tax

£402,715

220.5%

£125,666

857.3%

£13,127

-97.2%

£461,203

6.8%

£431,690

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£402,715

220.5%

£125,666

857.3%

£13,127

-97.2%

£461,203

6.8%

£431,690

 

 

Balance Sheet

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Tangible Assets

£1,399,072

-16.5%

£1,676,116

-20.1%

£2,097,348

-0.3%

£2,104,531

-11.4%

£2,374,567

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,399,072

-16.5%

£1,676,116

-20.1%

£2,097,348

-0.3%

£2,104,531

-11.4%

£2,374,567

Stock

£3,010,625

43.2%

£2,101,933

-22.2%

£2,702,852

131.9%

£1,165,695

-38.8%

£1,904,053

Trade Debtors

£3,946,530

5.6%

£3,737,560

21.8%

£3,068,500

-17.4%

£3,714,041

14%

£3,257,733

Cash

£413,897

507.5%

£68,131

-12.1%

£77,475

-63.7%

£213,427

17%

£182,392

Other Debtors

£236,633

-32.4%

£350,012

-0.6%

£352,201

154.5%

£138,395

2%

£135,742

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£7,607,685

21.6%

£6,257,636

0.9%

£6,201,028

18.5%

£5,231,558

-4.5%

£5,479,920

Trade Creditors

£2,130,564

66.8%

£1,277,579

-3%

£1,316,715

13.5%

£1,159,603

2.5%

£1,131,354

Bank Loans & Overdrafts

£22,659

-96.6%

£668,824

-56.8%

£1,548,455

308.5%

£379,057

-59.2%

£928,983

Other Short Term Finance

£905,497

117%

£417,265

-37.1%

£663,603

43.9%

£461,018

-43.6%

£817,551

Miscellaneous Current Liabilities

£1,509,904

-4%

£1,572,590

77.1%

£887,839

-27.1%

£1,217,880

5.2%

£1,157,892

Total Current Liabilities

£4,568,624

16.1%

£3,936,258

-10.9%

£4,416,612

37.3%

£3,217,558

-20.3%

£4,035,780

Bank Loans & Overdrafts and LTL

£254,316

-70.5%

£862,557

-50.8%

£1,752,124

110.4%

£832,620

-46.1%

£1,543,925

Other Long Term Finance

£231,657

19.6%

£193,733

42.5%

£135,918

-53.6%

£293,080

-8.9%

£321,780

Total Long Term Liabilities

£231,657

19.6%

£193,733

-4.9%

£203,669

-55.1%

£453,563

-26.2%

£614,942

 

Capital & Reserves

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Called Up Share Capital

£2,238

-

£2,238

-

£2,238

-

£2,238

-

£2,238

P & L Account Reserve

£4,204,238

10.6%

£3,801,523

3.4%

£3,675,857

0.4%

£3,662,730

14.4%

£3,201,527

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£4,206,476

10.6%

£3,803,761

3.4%

£3,678,095

0.4%

£3,664,968

14.4%

£3,203,765

 

 

Other Financial Items

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Worth

£4,206,476

10.6%

£3,803,761

3.4%

£3,678,095

0.4%

£3,664,968

14.4%

£3,203,765

Working Capital

£3,039,061

30.9%

£2,321,378

30.1%

£1,784,416

-11.4%

£2,014,000

39.5%

£1,444,140

Total Assets

£9,006,757

13.5%

£7,933,752

-4.4%

£8,298,376

13.1%

£7,336,089

-6.6%

£7,854,487

Total Liabilities

£4,800,281

16.2%

£4,129,991

-10.6%

£4,620,281

25.9%

£3,671,121

-21.1%

£4,650,722

Net Assets

£4,206,476

10.6%

£3,803,761

3.4%

£3,678,095

0.4%

£3,664,968

14.4%

£3,203,765

 

Cash Flow

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Net Cashflow from Operations

£900,452

-38.9%

£1,472,691

999.9%

-£59,585

-104%

£1,503,281

149.3%

£602,993

Net Cashflow before Financing

£465,775

-49.7%

£926,230

188.5%

-£1,046,846

-242.6%

£734,267

239.5%

-£526,337

Net Cashflow from Financing

-£120,009

-131%

-£51,941

82.8%

-£301,141

-34.7%

-£223,623

-412.1%

£71,643

Increase in Cash

£345,766

-60.5%

£874,289

164.9%

-£1,347,987

-364%

£510,644

212.3%

-£454,694

 

 

Miscellaneous

 

Date Of Accounts

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

(%)

31/12/08

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£4,438,133

11%

£3,997,494

3%

£3,881,764

-5.7%

£4,118,531

7.9%

£3,818,707

Number of Employees

143

-3.4%

148

-3.9%

154

-3.8%

160

-5.9%

170

 

Auditors

STREETS AUDIT LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

THE ROYAL BANK OF SCOTLAND PLC

Bank Branch Code

15-10-00

 

 

Ratios

 

Date Of Accounts

31/12/12

31/12/11

31/12/10

31/12/09

31/12/08

Pre-tax profit margin %

2.79

0.83

0.28

3.31

2.83

Current ratio

1.67

1.59

1.40

1.63

1.36

Sales/Net Working Capital

6.49

8.03

9.51

9.32

13.98

Gearing %

6

22.70

47.60

22.70

48.20

Equity in %

46.70

47.90

44.30

50

40.80

Creditor Days

39.29

24.94

28.24

22.48

20.40

Debtor Days

72.79

72.96

65.81

72.01

58.74

Liquidity/Acid Test

1

1.05

0.79

1.26

0.88

Return On Capital Employed %

12.40

3.89

1.21

15.09

14.98

Return On Total Assets Employed %

6.11

1.96

0.56

8.47

7.28

Current Debt Ratio

1.08

1.03

1.20

0.87

1.25

Total Debt Ratio

1.14

1.08

1.25

1

1.45

Stock Turnover Ratio %

15.25

11.27

15.92

6.20

9.43

Return on Net Assets Employed %

13.08

4.08

1.28

16.96

17.85

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

There have been 164 enquiries in the last 12 months.

There are an average of 14 reports taken each month.

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

19

35

75

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

27/09/2013

Annual Returns

27/09/2013

New Accounts Filed

27/09/2013

New Accounts Filed

25/09/2013

Change in Reg.Office

27/11/2012

Mr T.J. Cheesman has left the board

06/11/2012

Annual Returns

02/10/2012

New Accounts Filed

02/10/2012

New Accounts Filed

30/04/2012

Change in Reg.Office

08/10/2011

Annual Returns

07/10/2011

New Accounts Filed

07/10/2011

New Accounts Filed

23/11/2010

Annual Returns

14/10/2010

New Board Member Mr D.J. Hughes appointed

25/09/2010

New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

15/01/2004

CLARKSTEEL LIMITED

13/01/1999

CLARKSTEEL GALVANISING LIMITED

25/11/1987

CLARKSTEEL STOCKHOLDERS LIMITED

 

 

NOTES & COMMENTS

 

COMMENTARY

 

No exact match CCJs are recorded against the company.

Sales in the latest trading period increased 5.8% on the previous trading period.

Net Worth increased by 10.6% during the latest trading period.

A 13.5% growth in Total Assets occurred during the latest trading period.

Pre-tax profits increased by 253.9% compared to the previous trading period.

The company saw an increase in their Cash Balance of 507.5% during the latest trading period.

The audit report contains no adverse comments.

No recent changes in directorship are recorded.

The company is part of a group.

The company has changed its registered address recently.

The company was established over 35 years ago.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.75

UK Pound

1

Rs.98.87

Euro

1

Rs.77.32

 

INFORMATION DETAILS

 

Report Prepared by :

TPT

 

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.