MIRA INFORM REPORT
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Report Date : |
04.03.2014 |
IDENTIFICATION DETAILS
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Name : |
METTALIS LTD. |
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Registered Office : |
Unit 2, Brickfields Business Park, Bury St Edmunds, Bury St Edmunds, IP30 9QS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.07.2013 |
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Date of Incorporation : |
09.02.2012 |
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Com. Reg. No.: |
07942490 |
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Legal Form : |
Private Independent |
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Line of Business : |
·
Waste Management ·
Materials Recovery Facilities ·
Waste Collection, Treatment and Disposal Services
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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United Kingdom |
A1 |
A1 |
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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 |
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.
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Source
: CIA |
Company
name and address
METTALIS LTD.
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Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
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UK SIC 2007: |
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US SIC 1987: |
Key
Executives
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Name |
Title |
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Nicola Scarlioli |
Secretary |
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David James Thomas Nicholson |
Director |
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Humayun Munir Sheikh |
Director |
News
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Title |
Date |
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Issue: 824431 |
12-Dec-2013 |
Registered No.(UK): 07942490
1 - Profit & Loss Item Exchange Rate: USD
1 = GBP 0.6391306
2 - Balance Sheet Item Exchange Rate: USD 1 =
GBP 0.6563949
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ANZSIC 2006 Codes: |
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29 |
- |
Waste Collection, Treatment and Disposal Services |
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ISIC Rev 4 Codes: |
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3830 |
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Materials recovery |
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NACE Rev 2 Codes: |
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3832 |
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Recovery of sorted materials |
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NAICS 2012 Codes: |
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562920 |
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Materials Recovery Facilities |
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US SIC 1987: |
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4953 |
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Refuse Systems |
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UK SIC 2007: |
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3832 |
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Recovery of sorted materials |
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Executives
Report
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Board of
Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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Directors and Shareholders Report
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Main Office Address: |
Annual Return Date: 09 Feb 2013 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
27 Jun 1973 |
116 North Brink, |
11 Jun 2012 |
NA |
Current:3 |
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Previous |
28 Mar 1945 |
Royal House Market Place, |
09 Feb 2012 |
11 Jun 2012 |
Current:4 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
NA |
Unit 2 Brickfields Business Park, Old Stowmarket Road Woolpit, |
22 Nov 2012 |
NA |
Current:1 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Humayun Sheikh |
1 Ordinary GBP 100.00 |
Ordinary |
1 |
100.00 |
100.00 |
100.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
News
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Issue: 824431 |
12-Dec-2013 |
Annual Balance
Sheet
Financials in: USD (mil)
Financial Glossary
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31-Jul-2013 |
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Filed Currency |
GBP |
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Exchange Rate |
0.656395 |
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Consolidated |
No |
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Land & Buildings |
0.0 |
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Fixtures & Fittings |
0.0 |
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Plant & Vehicles |
0.0 |
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Total Tangible Fixed Assets |
0.0 |
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Intangible Assets |
0.0 |
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Investments |
0.0 |
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Total Fixed Assets |
0.0 |
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Total Stocks Work In Progress |
0.1 |
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Total Debtors |
0.6 |
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Cash and Equivalents |
0.0 |
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Other Current Assets |
0.0 |
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Total Current Assets |
0.7 |
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Total Assets |
0.7 |
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Director Loans (Current Liability) |
0.6 |
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Other Current Liabilities |
0.1 |
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Total Current Liabilities |
0.7 |
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Group Loans (Long Term Liability) |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
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Other Long Term Loans |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
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Other Long Term Liabilities |
0.0 |
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Total Long Term Liabilities |
0.0 |
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Deferred Taxation |
0.0 |
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Other Provisions |
0.0 |
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Total Provisions |
0.0 |
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Issued Capital |
0.0 |
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Share Premium Accounts |
0.0 |
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Revaluation Reserve |
0.0 |
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Retained Earnings |
0.0 |
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Other Reserves |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
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Total Shareholders Funds |
0.0 |
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Net Worth |
0.0 |
Annual Ratios
Financials in: USD (mil)
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31-Jul-2013 |
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Period Length |
77 Weeks |
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Filed Currency |
GBP |
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Exchange Rate |
0.656395 |
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Consolidated |
No |
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Current Ratio |
1.01 |
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Liquidity Ratio |
0.90 |
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Borrowing Ratio |
7,198.28% |
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Equity Gearing |
1.22% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.86 |
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1 |
Rs.103.52 |
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Euro |
1 |
Rs.85.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.