|
Report Date : |
30.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHEFFIELD
FORGEMASTERS ENGINEERING LIMITED |
|
|
|
|
Formerly Known as : |
OBVIOUS BELIEVER LIMITED |
|
|
|
|
Registered Office : |
P O Box 286 Brightside Lane, Sheffield S9 2rw |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2013 |
|
|
|
|
Date of Incorporation : |
12.08.2003 |
|
|
|
|
Com. Reg. No.: |
04864216 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
· Manufacturer of forged and cast steel components that are mainly supplied to offshore, power generation, steel processing nuclear, defence and petrochemical industries. Manufacturer of basic iron and steel and of ferro-alloys |
|
|
|
|
No of Employees : |
602 (30.06.2013) |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
SHEFFIELD FORGEMASTERS ENGINEERING LIMITED
P O BOX 286 BRIGHTSIDE LANE
SHEFFIELD S9 2RW
P O Box 286 Sheffield
South YorkshireS9 2RU
Telephone Number 01142449071
Website Address http://www.sfel.com
TPS Yes
FPS No
Incorporation Date 12/08/2003
Previous Name OBVIOUS BELIEVER LIMITED
Type Private limited with Share Capital
FTSE Index -
Date of Change 19/09/2005
Filing Date of Accounts 29/03/2014
Currency GBP
Share Capital £1
SIC07 24100
SIC07 Description MANUFACTURE OF BASIC IRON AND STEEL AND OF FERRO-ALLOYS
Principal Activity Manufacturer of forged and cast steel components that are mainly supplied to
offshore, power generation, steel processing nuclear, defence and petrochemical industries.
|
No exact match CCJs are recorded against the company. |
|
Sales in the latest trading period decreased 8.2% on the previous
trading period. |
|
Net Worth decreased by 2.5% during the latest trading period. |
|
A 2.1% decline in Total Assets occurred during the latest trading
period. |
|
Pre-tax profits decreased by 237.1% compared to the previous trading
period. |
|
The company saw an increase in their Cash Balance of 999.9% during the
latest trading period. |
|
The audit report contains no adverse comments. |
|
The company has undergone recent changes in its directorships. |
|
The company is part of a group. |
|
The company has changed its registered address recently. |
|
The company was established over 10 years ago. |
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
|
|
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
|
|
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
|
|
|
Total Number of Writs - |
- |
|
|
Total Current Directors |
9 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
11 |
|
Name |
Simon John Alexander |
Date of Birth |
30/08/1968 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/08/2011 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
18/03/1964 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/10/2009 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
17/12/1951 |
|
|
Officers Title |
Dr |
Nationality |
British |
|
Present Appointments |
33 |
Function |
Director |
|
Appointment Date |
01/07/2005 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
10/09/1962 |
|
|
Officers Title |
Dr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/10/2005 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
05/07/1946 |
|
|
Officers Title |
Dr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/10/2005 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
27/02/1977 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/07/2007 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
17/07/1981 |
|
|
Officers Title |
Miss |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/08/2011 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
26/02/1969 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
01/02/2012 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
11/09/1967 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
18 |
Function |
Director |
|
Appointment Date |
01/08/2011 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Name |
Date of Birth |
13/01/1958 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
39 |
Function |
Company Secretary |
|
Appointment Date |
01/07/2005 |
|
|
|
Address |
Po Box 286, Brightside Lane, Sheffield, South Yorkshire, S9 2RU |
||
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
SHEFFIELD FORGEMASTERS INTERNATIONAL LTD |
GBP |
1 |
ORDINARY |
1 |
100 |
|
Date Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£79,475,000 |
-8.2% |
£86,614,000 |
-0.2% |
£86,791,000 |
-9.3% |
£95,737,000 |
-0.4% |
£96,160,000 |
|
Export |
£40,661,000 |
33.4% |
£30,476,000 |
18.5% |
£25,711,000 |
-58% |
£61,287,000 |
13.1% |
£54,174,000 |
|
Cost
of Sales |
£69,751,000 |
-8.1% |
£75,940,000 |
-3.3% |
£78,570,000 |
-0.8% |
£79,200,000 |
-2.8% |
£81,521,000 |
|
Gross
Profit |
£9,724,000 |
-8.9% |
£10,674,000 |
29.8% |
£8,221,000 |
-50.3% |
£16,537,000 |
13% |
£14,639,000 |
|
Wages
& Salaries |
£20,848,000 |
-4.1% |
£21,743,000 |
3.5% |
£21,010,000 |
3.8% |
£20,235,000 |
2.4% |
£19,769,000 |
|
Directors
Emoluments |
£675,000 |
-15.5% |
£799,000 |
18.9% |
£672,000 |
5.3% |
£638,000 |
- |
£638,000 |
|
Operating
Profit |
-£216,000 |
-116.4% |
£1,320,000 |
255.7% |
-£848,000 |
-114% |
£6,038,000 |
14.4% |
£5,279,000 |
|
Depreciation |
£1,834,000 |
-25.1% |
£2,449,000 |
72.5% |
£1,420,000 |
35% |
£1,052,000 |
36.6% |
£770,000 |
|
Audit
Fees |
£16,000 |
6.7% |
£15,000 |
7.1% |
£14,000 |
7.7% |
£13,000 |
30% |
£10,000 |
|
Interest
Payments |
£519,000 |
-33.8% |
£784,000 |
-11.1% |
£882,000 |
-9.8% |
£978,000 |
42.4% |
£687,000 |
|
Pre
Tax Profit |
-£735,000 |
-237.1% |
£536,000 |
131% |
-£1,730,000 |
-134.2% |
£5,060,000 |
10.2% |
£4,592,000 |
|
Taxation |
£276,000 |
262.4% |
-£170,000 |
-155.7% |
£305,000 |
164.5% |
-£473,000 |
-153.9% |
£877,000 |
|
Profit
After Tax |
-£459,000 |
-225.4% |
£366,000 |
125.7% |
-£1,425,000 |
-131.1% |
£4,587,000 |
-16.1% |
£5,469,000 |
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
-£459,000 |
-225.4% |
£366,000 |
125.7% |
-£1,425,000 |
-131.1% |
£4,587,000 |
-16.1% |
£5,469,000 |
|
Date
Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Tangible
Assets |
£37,119,000 |
-1.4% |
£37,629,000 |
-3.5% |
£39,002,000 |
3.6% |
£37,634,000 |
24% |
£30,350,000 |
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Fixed Assets |
£37,119,000 |
-1.4% |
£37,629,000 |
-3.5% |
£39,002,000 |
3.6% |
£37,634,000 |
24% |
£30,350,000 |
|
Stock |
£8,253,000 |
-49.7% |
£16,413,000 |
22.9% |
£13,356,000 |
17.9% |
£11,331,000 |
31% |
£8,649,000 |
|
Trade
Debtors |
£10,155,000 |
24.4% |
£8,160,000 |
-44.5% |
£14,711,000 |
-4% |
£15,328,000 |
-10.8% |
£17,189,000 |
|
Cash |
£600,000 |
999.9% |
£2,000 |
-60% |
£5,000 |
-16.7% |
£6,000 |
200% |
£2,000 |
|
Other
Debtors |
£7,333,000 |
180.7% |
£2,612,000 |
17.7% |
£2,220,000 |
-24.4% |
£2,936,000 |
-80.1% |
£14,771,000 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£26,341,000 |
-3.1% |
£27,187,000 |
-10.3% |
£30,292,000 |
2.3% |
£29,601,000 |
-27.1% |
£40,611,000 |
|
Trade
Creditors |
£4,289,000 |
-10.5% |
£4,791,000 |
-7.3% |
£5,171,000 |
-17.6% |
£6,278,000 |
-10.8% |
£7,037,000 |
|
Bank
Loans & Overdrafts |
£437,000 |
9% |
£401,000 |
-85.1% |
£2,691,000 |
- |
£2,691,000 |
- |
£2,691,000 |
|
Other
Short Term Finance |
£27,118,000 |
38.1% |
£19,642,000 |
3.8% |
£18,924,000 |
19.8% |
£15,793,000 |
-28.1% |
£21,960,000 |
|
Miscellaneous
Current Liabilities |
£8,859,000 |
-4.6% |
£9,282,000 |
6.4% |
£8,725,000 |
18.5% |
£7,364,000 |
-21.3% |
£9,353,000 |
|
Total
Current Liabilities |
£40,703,000 |
19.3% |
£34,116,000 |
-3.9% |
£35,511,000 |
10.5% |
£32,126,000 |
-21.7% |
£41,041,000 |
|
Bank
Loans & Overdrafts and LTL |
£5,611,000 |
-57% |
£13,059,000 |
-30.6% |
£18,811,000 |
0.5% |
£18,724,000 |
3.3% |
£18,134,000 |
|
Other
Long Term Finance |
£138,000 |
- |
£138,000 |
- |
£138,000 |
- |
£138,000 |
-0.7% |
£139,000 |
|
Total
Long Term Liabilities |
£5,174,000 |
-59.1% |
£12,658,000 |
-21.5% |
£16,120,000 |
0.5% |
£16,033,000 |
3.8% |
£15,443,000 |
|
Date
Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Called
Up Share Capital |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
P
& L Account Reserve |
£17,583,000 |
-2.5% |
£18,042,000 |
2.1% |
£17,663,000 |
-7.4% |
£19,076,000 |
31.8% |
£14,477,000 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder
Funds |
£17,583,000 |
-2.5% |
£18,042,000 |
2.1% |
£17,663,000 |
-7.4% |
£19,076,000 |
31.8% |
£14,477,000 |
|
Date
Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Net
Worth |
£17,583,000 |
-2.5% |
£18,042,000 |
2.1% |
£17,663,000 |
-7.4% |
£19,076,000 |
31.8% |
£14,477,000 |
|
Working
Capital |
-£14,362,000 |
-107.3% |
-£6,929,000 |
-32.8% |
-£5,219,000 |
-106.7% |
-£2,525,000 |
-487.2% |
-£430,000 |
|
Total
Assets |
£63,460,000 |
-2.1% |
£64,816,000 |
-6.5% |
£69,294,000 |
3.1% |
£67,235,000 |
-5.3% |
£70,961,000 |
|
Total
Liabilities |
£45,877,000 |
-1.9% |
£46,774,000 |
-9.4% |
£51,631,000 |
7.2% |
£48,159,000 |
-14.7% |
£56,484,000 |
|
Net
Assets |
£17,583,000 |
-2.5% |
£18,042,000 |
2.1% |
£17,663,000 |
-7.4% |
£19,076,000 |
31.8% |
£14,477,000 |
|
Date
Of Accounts |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
|
Contingent
Liability |
NO |
- |
NO |
- |
YES |
- |
YES |
- |
YES |
|
Capital
Employed |
£22,757,000 |
-25.9% |
£30,700,000 |
-9.1% |
£33,783,000 |
-3.8% |
£35,109,000 |
17.3% |
£29,920,000 |
|
Number
of Employees |
602 |
-5.9% |
640 |
-1.2% |
648 |
1.7% |
637 |
1.8% |
626 |
|
Auditors |
KPMG
LLP |
||||||||
|
Auditor
Comments |
The
audit report contains no adverse comments |
||||||||
|
Bankers |
BARCLAYS
BANK PLC |
||||||||
|
Bank
Branch Code |
20-48-46 |
||||||||
|
Date
Of Accounts |
30/06/13 |
30/06/12 |
30/06/11 |
30/06/10 |
30/06/09 |
|
Pre-tax
profit margin % |
-0.92 |
0.62 |
-1.99 |
5.29 |
4.78 |
|
Current
ratio |
0.65 |
0.80 |
0.85 |
0.92 |
0.99 |
|
Sales/Net
Working Capital |
-5.53 |
-12.50 |
-16.63 |
-37.92 |
-223.63 |
|
Gearing
% |
31.90 |
72.40 |
106.50 |
98.20 |
125.30 |
|
Equity
in % |
27.70 |
27.80 |
25.50 |
28.40 |
20.40 |
|
Creditor
Days |
19.64 |
20.13 |
21.68 |
23.86 |
26.63 |
|
Debtor
Days |
46.51 |
34.29 |
61.69 |
58.27 |
65.06 |
|
Liquidity/Acid
Test |
0.44 |
0.31 |
0.47 |
0.56 |
0.77 |
|
Return
On Capital Employed % |
-3.22 |
1.74 |
-5.12 |
14.41 |
15.34 |
|
Return
On Total Assets Employed % |
-1.15 |
0.82 |
-2.49 |
7.52 |
6.47 |
|
Current
Debt Ratio |
2.31 |
1.89 |
2.01 |
1.68 |
2.83 |
|
Total
Debt Ratio |
2.60 |
2.59 |
2.92 |
2.52 |
3.90 |
|
Stock
Turnover Ratio % |
10.38 |
18.94 |
15.38 |
11.83 |
8.99 |
|
Return
on Net Assets Employed % |
-4.18 |
2.97 |
-9.79 |
26.52 |
31.71 |
No Status History found
|
Date |
Description |
|
09/04/2014 |
New Accounts Filed |
|
09/04/2014 |
New Accounts Filed |
|
20/09/2013 |
Annual Returns |
|
18/09/2013 |
Professor J. Talamantes-Silva has left the board |
|
18/09/2013 |
Mr C.H. Archer has left the board |
|
18/09/2013 |
L.M. Collins has left the board |
|
02/04/2013 |
New Accounts Filed |
|
17/09/2012 |
Annual Returns |
|
14/09/2012 |
Mr I.R. Nicholls has left the board |
|
14/09/2012 |
New Board Member Mr M.J. Brear appointed |
|
19/04/2012 |
Change in Reg.Office |
|
19/04/2012 |
Change of Company Postcode |
|
27/02/2012 |
New Accounts Filed |
|
27/02/2012 |
New Accounts Filed |
|
20/01/2012 |
New Board Member Mr N.A. Maskrey appointed |
|
Date |
Previous Name |
|
19/09/2005 |
OBVIOUS BELIEVER LIMITED |
|
Group |
7 companies |
|
Linkages |
|
|
Countries |
|
Holding Company |
SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
SHEFFIELD FORGEMASTERS INTERNATIONAL LIMITED |
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
04883675 |
30.06.2013 |
Y |
£100,092,000 |
|
|
|
04776473 |
30.06.2013 |
N |
£23,634,000 |
|
|
|
04864216 |
30.06.2013 |
N |
£79,475,000 |
|
|
|
06564862 |
30.06.2013 |
N |
|
|
|
|
07011625 |
30.06.2013 |
N |
£1,926,000 |
|
|
|
08082284 |
30.06.2013 |
N |
£326,000 |
|
|
|
01919676 |
30.06.2013 |
N |
£35,194,000 |
|
Group |
|
|
Linkages |
1 companies |
|
Countries |
In 1 countries |
|
|
Number |
Latest Key Financials |
||
|
|
HRB 26007 |
30.06.2012 |
|
|
No CCJs found |
|
There are no possible CCJ details |
|
No writs found |
|
Mortgage Type: |
EQUIPMENT CHARGE |
||
|
Date Charge Created: |
15/07/09 |
|
|
|
Date Charge Registered: |
27/07/09 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BURDALE FINANCIAL LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO THE CHARGEE ON
ANY ACCOUNTWHATSOEVER |
||
|
Details: |
ALL RIGHTS TITLE AND INTEREST IN AND TOTHE SECURITY ASSETS SEE IMAGE
FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
19/09/05 |
|
|
|
Date Charge Registered: |
07/10/05 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
THE BOARD OF THE PENSION PROTECTION FUND |
||
|
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: |
RIVER DON WORKS BEING THE F/H PROPERTY WITH T/NO SYK381599 AND THOSE
PARTS OF T/NOS SYK356783 AND SYK389861 AND THE L/HPROPERTY WITH T/NO
SYK328360. BY WAY OFASSIGNMENT THE RENTAL INCOME, THE PROCEEDSOF DISPOSAL IN
RESPECT OF THE CHARGED ASSETS THE PROCEEDS OF ANY CLAIM MADE UNDER ANY
INSURANCE POLICY RELATING TO THE CHARGED ASSETS AND BY WAY OF ASSIGNMENT THE
PROPERTY RIGHTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
19/09/05 |
|
|
|
Date Charge Registered: |
27/09/05 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BURDALE FINANCIAL LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM EACH OBLIGOR TO THE CHARGEE ON
ANY ACCOUNTWHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
LAND AND BUILDINGS BEING RIVER DON WORKS SHEFFIELD T/N SYK204372 SYK356783
SYK377124 SYK381599 AND SYK389861 AND THE L/H PROPERTY COMPRISED IN T/N
SYK328360, FIXED AND FLOATING CHARGES OVER ASSETS INCLUDING GOODWILL
BOOKDEBTS UNCALLED CAPITAL FIXTURES FIXED PLANT AND MACHINERY, SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
19/09/05 |
|
|
|
Date Charge Registered: |
27/09/05 |
|
|
|
Date Charge Satisfied: |
19/07/07 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
SHEFFIELD FORGEMASTERS LIMITED (IN ADMINISTRATION) ACTING BY ITS
ADMINISTRATORS ROGER MARSH AND |
||
|
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: |
LAND AND BUILDINGS BEING PART OF THE RIVER DON WORKS, SHEFFIELD T/NO\S
SYK204372 AND SYK377124 AND PART OF LAND UNDER T/NO\S SYK356783 AND
SYK389861, INCLUDINGALL BUILDINGS AND FIXTURES, AND ASSIGNSTHE RENTAL INCOME SEE
THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
19/09/05 |
|
|
|
Date Charge Registered: |
27/09/05 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN 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 SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
19/09/05 |
|
|
|
Date Charge Registered: |
27/09/05 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
||
|
Details: |
F/H PROPERTY K/A OR BEING LAND AND BUILDINGS BEING PART RIVER DON WORKS
SHEFFIELD SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
12/09/03 |
|
|
|
Date Charge Registered: |
13/09/03 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
PENCIL TOP LIMITED |
||
|
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 PROPERTIES REFERRED TO IN THE DEBENTURE AND PROCEEDS
OF SALE TOGETHER WITHALL BUILDINGS, FIXTURES (INCLUDING TRADE FIXTURES) AND
FIXED PLANT AND MACHINERY AND THE BENEFIT OFANY COVENANTS AND ALL OTHER
INTERESTS OR ESTATES IN ANY FREEHOLD OR LEASEHOLD PROPERTIES BELONGING TOTHE
COMPANY SPECIFIC EQUITABLE CHARGE ALL INTERESTS IN ANY PROPERTY AT ANY TIME
BELONGING TO OR CHARGED TO THE COMPANY AND THE PROCEEDS OF SALE TOGETHER WITH
ALL BUILDINGS, FIXTURES (INCLUDING TRADEFIXTURES) AND FIXED PLANT AND
MACHINERY BY ASSIGNMENT ALLBOOK DEBTS AND OTHER DEBTS FIRST FIXEDCHARGE ALL
STOCKS, SHARES SECURITIES OROTHER INTERESTS TOGETHER WITH ALL RIGHTS IN
RESPECT OF THEM , PRESENT AND FUTURE INSURANCES, PRESENT AND FUTURE
INTELLECTUAL PROPERTY RIGHTS , LICENCES, PENSION FUND, GOODWILL AND UNCALLED
CAPITAL , AMOUNTS REALISED FROM ORDER OF COURT FLOATING CHARGE THE
UNDERTAKING AND ALL PROPERTY, ASSETS AND RIGHTS PRESENT AND FUTURE |
||
|
|
Total Number |
Total Value |
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
||
|
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
Trade Debtors |
- |
- |
|
No Debtor Data |
||
|
Name |
Current Directorships |
Previous Directorships |
|
1 |
1 |
|
|
0 |
1 |
|
|
734 |
31909 |
|
|
832 |
31479 |
|
|
14 |
6 |
|
|
0 |
10 |
|
|
5 |
5 |
|
|
0 |
2 |
|
|
0 |
4 |
|
|
0 |
1 |
|
|
1 |
2 |
|
Average Invoice Value |
£516.67 |
|
Invoices available |
63 |
|
Paid |
57 |
|
Outstanding |
6 |
|
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 |
29 |
12 |
7 |
6 |
3 |
|
Outstanding |
0 |
1 |
0 |
1 |
4 |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.84 |
|
UK Pound |
1 |
Rs.98.41 |
|
Euro |
1 |
Rs.80.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared by
: |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.