MIRA INFORM REPORT

 

 

Report Date :

31.05.2014              

 

IDENTIFICATION DETAILS

 

Name :

DONALD WARD LIMITED

 

 

Registered Office :

Rawdon Works, Moira Road, Woodville, DE11 8DG

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

24.12.1976

 

 

Com. Reg. No.:

01292288

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of Basic Iron and Steel And of Ferro-Alloy

 

 

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 :

Slow but correct

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

 

 

 


company name and address

 

Company Name:                      DONALD WARD LIMITED

Company No:                           01292288

 

Registered Address:                 RAWDON WORKS

MOIRA ROAD

WOODVILLE

DE11 8DG

 

Trading Address

Rawdon Works

Moira Road

Woodville

Swadlincote, Derbyshire

DE11 8DG

Website Address                      http://www.wardrecycling.com

Telephone Number                  01283217192

Fax Number

TPS                                          No

FPS                                          No

Incorporation Date                   24/12/1976

Previous Name Type               Private limited with Share Capital

FTSE Index                              -

Date of Change                       

Filing Date of Accounts            18/12/2013

Currency GBP Share Capital   £80,179

SIC07 2                                    4100

SIC07 Description                    MANUFACTURE OF BASIC IRON AND STEEL AND OF FERRO-ALLOYS

Principal Activity                     The provision of professional metal recycling and waste management solutions for business of all sizes

 

 

Commentary

 

No exact match CCJs are recorded against the company.

Sales in the latest trading period decreased 2.3% on the previous trading period.

Net Worth increased by 5.4% during the latest trading period.

A 10.7% growth in Total Assets occurred during the latest trading period.

Pre-tax profits decreased by 55.6% compared to the previous trading period.

The company saw an increase in their Cash Balance of 67.7% during the latest trading period.

The audit report contains no adverse comments.

The company has undergone recent changes in its directorships.

The company is not part of a group.

The company was established over 37 years ago.

 

 

 

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 - -

 

Total Current Directors                                        7

Total Current Secretaries                                    1

Total Previous Directors / Company Secretaries    1

 

 

Current Directors

 

Name

Janet Ward

Date of Birth

13/04/1937

Officers Title

Mrs

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

31/12/1990

 

 

Address

Coach House, Spinney Manor, North Lane, Brailsford, Derbyshire

 

Other Actions

View Director Report

View Consumer Report

 

Name

David Ward

Date of Birth

12/12/1961

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

31/12/1990

 

 

Address

Spinney Manor, North Lane Brailsford, Derby, DE6 3BE

 

Other Actions

View Director Report

View Consumer Report

 

Name

James Jonathan Balfour

Date of Birth

29/10/1969

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/12/2002

 

 

Address

8 St Johns Drive, Kilburn, Derbyshire, DE56 0JN

 

Other Actions

View Director Report

View Consumer Report

 

Name

Dennis Michael Bell

Date of Birth

15/10/1952

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/12/2002

 

 

Address

65 Wiltshire Road, Chaddesden, Derby, DE21 6EY

 

Other Actions

View Director Report

View Consumer Report

 

Name

Michael Ward

Date of Birth

27/06/1957

                       

 

Officers Title

Mr

Nationality

 British

Present Appointments

3

Function

Director

Appointment Date

31/12/1990

 

 

Address

Heritage House Hollinoton Lane, Ednaston Ashbourne, Derby, DE6 3AE

Other Actions

View Director Report

View Consumer Report

 

Name

Toby Potter

Date of Birth

04/04/1975

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

05/02/2007

 

 

Address

Griffon Road Quarry Hill Ind Estate, Ilkeston, Derbyshire, DE7 4RF

Other Actions

View Director Report

View Consumer Report

 

Name

Malcolm Earl Richards

Date of Birth

24/05/1963

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

08/06/2013

 

 

Address

18 Kimberley Road, 18 Kimberley Road Nuthall, Nottingham, NG16 1DF

Other Actions

View Director Report

View Consumer Report

 

Current Company Secretary

 

 

Name

Janet Ward

Date of Birth

13/04/1937

Officers Title

Mrs

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

31/12/1990

 

 

Address

Coach House, Spinney Manor, North Lane, Brailsford, Derbyshire

 

Top 20 Shareholders

 

 

 

Name

Currency

Share Count                  Share Type

Nominal Value

MICHAEL WARD

GBP

36,756                            ORDINARY A

1

MR DAVID WARD

GBP

35,089                            ORDINARY C

1

SIWAN WARD

GBP

2,500                            ORDINARY D

1

DAVID WARD JNR

GBP

2,500                            ORDINARY D

1

THOMAS WARD

GBP

1,666                            ORDINARY B

1

DONALD WARD JNR

GBP

1,667                            ORDINARY B

1

DAVID WARD SNR

GBP

1                                ORDINARY D1

0.5

MICHAEL WARD SNR

GBP

1                                ORDINARY B1

0.5

Unable to report percentage holdings as filed Shareholder listing is not full.

 

 

Profit & Loss

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£101,718,259 -2.3%

£104,113,625

34.1%

£77,666,435

48.4%

£52,324,943

8.9%

£48,061,608

Export

£41,737,467 9.9%

£37,985,915

84.1%

£20,631,059

72.6%

£11,954,944

617.9%

£1,665,216

Cost of Sales

£84,576,235 0.2%

£84,387,452

40.5%

£60,068,131

45%

£41,417,804

11%

£37,298,462

Gross Profit

£17,142,024 -13.1%

£19,726,173

12.1%

£17,598,304

61.3%

£10,907,139

1.3%

£10,763,146

OD Wages & Salaries

£5,271,592

-15.6%

£6,242,983

29.5%

£4,820,856

9.7%

£4,395,166

-13.3%

£5,071,835

Directors Emoluments

£457,721

-32%

£672,782

-66.5%

£2,006,061

258.2%

£560,032

-57.8%

£1,325,710

Operating Profit

£1,098,359

-57.3%

£2,571,668

-19.7% £3,202,333

278.3%

£846,522

103.1%

£416,760

Depreciation

£2,048,032

10.5%

£1,853,628

15.8%

£1,601,187

-1.7%

£1,629,275

26.2%

£1,291,145

Audit Fees

£20,000

1.3%

£19,750

12.9%

£17,500

2.9%

£17,000

1.5%

£16,750

Interest Payments

£179,071

50.8%

£118,751

108.6% £56,934

-20.5%

£71,641

-33.5%

£107,809

Pre Tax Profit

£919,705

-55.6%

£2,069,987

-34.2% £3,146,796

207.4%

£1,023,635

179.1%

£366,722

Taxation

-£217,450

-706.1% -£26,975

96.7%

-£825,842

-199.7% -£275,595

-117.4% -£126,778

Profit After Tax

£702,255

-65.6%

£2,043,012

-12%

£2,320,954

210.3%

£748,040

211.8%

£239,944

Dividends Payable

£102,375

-

-

-

-

-

-

-

-

Retained Profit

£599,880

-70.6%

£2,043,012

-12%

£2,320,954

210.3%

£748,040

211.8%

£239,944

Balance Sheet

 

 

 

 

 

 

 

 

 

date OfAccounts

 

31/03/13

(%) 31/03/12

(%) 31/03/11

(%) 31/03/10

(%)

31/03/09

Tangible Assets

 

£13,441,359

28.5% £10,459,461

17.3%    £8,917,297      6.9%      £8,338,107 -8.2%

£9,079,507

OD Intangible Assets

 

£40,833

-26.9% £55,833

-21.2% £70,833

-

0

-0

Total Fixed Assets

 

£13,482,192

28.2% £10,515,294

17%      £8,988,130      7.8%      £8,338,107 -8.2%

£9,079,507

Stock

 

£1,668,597

-7.4% £1,801,453

28.2%    £1,405,633      8.7%      £1,293,346 97.6%

£654,659

 

 

Trade Debtors

£12,601,478

-8%

£13,695,340

26%

£10,870,221

92.9%

£5,634,043

23.4%

£4,563,914

Cash

£1,769,467

67.7%

£1,055,295

-412%

£1,796,200

32.4%

£1,357,090

-6.4%

£1,450,193

Other Debtors

£1,671,869

48.9%

£1,123,095

277.2%

£297,707

-37.5%

£476,654

-20.3%

£598,396

Miscellaneous Current Assets

0

-

0

-

0

-

0

-0

Total Current Assets

£17,711,411

0.2%

£17,675,183

23%

£14,369,761

64%

£8,761,133

20.6%

£7,267,162

Trade Creditors

£11,286,666

-3.2%

£11,661,186

37.4%

£8,487,873

43.4%

£5,917,761

7.6%

£5,497,275

Bank Loans & Overdrafts

£316,980

0.8%

£314,453

2.7%

£306,086

22.4%

£250,000

-

£250,000

Other Short Term Finance

£1,682,348

284.8%

£437,193

50.8%

£289,827

0.3%

£289,076

105%

£141,001

Miscellaneous Current Liabilities

£850,870

-39.7%

£1,410,317

-36.4%

£2,218,147

165.1%

£836,701

-26.1%

£1,132,360

Total Current Liabilities

£14,136,864

2.3%

£13,823,149

22.3%

£11,301,933

55%

£7,293,538

3.9%

£7,020,636

Bank Loans & Overdrafts and LTL

£5,321,609

64.8%

£3,229,551

9.4%

£2,952,826

-0.5%

£2,967,438

-8.3%

£3,235,809

Other Long Term Finance

£3,716,384

202.4%

£1,229,132

110.6%

£583,752

190.1%

£201,213

8.3%

£185,811

Total Long Term Liabilities

£5,004,629

71.7%

£2,915,098

10.1%

£2,646,740

-2.6%

£2,717,438

-9%

£2,985,809

 

Capital & Reserves

 

Called Up Share Capital

£80,179

- £80,179

-           £80,179 -

£80,179

-

£80,179

P& L Account Reserve

£11,971,931

5.3% £11,372,051

21.9%    £9,329,039      33.1% £7,008,085

11.9%

£6,260,045

Revaluation Reserve

-

 

--

-           - -

-

-

-

Sundry Reserves

-

 

--

-           - -

-

-

-

Shareholder Funds

£12,052,110

5.2% £11,452,230

21.7%    £9,409,218      32.7% £7,088,264

11.8%

£6,340,224

Other Financial Items

DateOfAccounts 31/03/13

(%)

31/03/12 (%)

31/03/11 (%)

31/03/10

(%)

31/03/09

Net Worth

£12,011,277

5.4%

£11,396,397 22%

£9,338,385 31.7%

£7,088,264

11.8%

£6,340,224

Working Capital

£3,574,547

-7.2%

£3,852,034 25.6%

£3,067,828 109%

£1,467,595

495.3%

£246,526

Total Assets

£31,193,603

10.7%

£28,190,477 20.7%

£23,357,891 36.6%

£17,099,240

4.6%

£16,346,669

Total Liabilities

£19,141,493

14.4%

£16,738,247 20%

£13,948,673 39.3%

£10,010,976

0%

£10,006,445

Net Assets

£12,052,110

5.2%

£11,452,230 21.7%

£9,409,218 32.7%

£7,088,264

11.8%

£6,340,224

Cash Flow

Date OfAccounts

 

31/03/13

(%) 31/03/12

(%) 31/03/11

(%) 31/03/10

(%)

31/03/09

Net Cashflow from Operations

£3,171,307

-10.4% £3,537,460

28.3% £2,756,749

197.7% £926,15C

-71.2% £3,217,542

Net Cashflow before Financing

£1,730,824

999.9% -£13,602

-101.5% £902,135

59.4% £565,99£

170.3% -£804,969

 

Increase in Cash

£714,172         196.4% -£740,905

-268.7% £439,110

571.6%

-£93,103

-107%

£1,320,690

Miscellaneous

 

 

 

 

 

 

 

Date OfAccounts

31/03/13            (%) 31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Contingent Liability

YES                 - YES

-

NO

-

YES

-

NO

Capital Employed

£17,056,739        18.7% £14,367,328

19.2%

£12,055,958

22.9%

£9,805,702

5.1%

£9,326,033

Number of Employees

161                  -4.2% 168

15.1%

146

11.5%

131

9.2%

120

Auditors

COOPER PARRY GROUP LIMITED

 

 

 

 

 

 

Auditor Comments

The audit report contains no adverse comments

 

 

 

 

 

Bankers

HSBC BANK PLC

 

 

 

 

 

 

 

Ratio

Date OfAccounts

31/03/13

31/03/12

31/03/11

31/03/10

31/03/09

Pre-tax profit margin %

0.90

1.99

4.05

1.96

0.76

Current ratio

1.25

1.28

1.27

1.20

1.04

Sales/NetWorking Capital

28.46

27.03

25.32

35.65

194.96

Gearing %

44.20

28.20

31.40

41.90

51

Equity in %

38.70

40.70

40.40

41.50

38.80

Creditor Days

40.38

40.76

39.78

41.16

41.63

Debtor Days

45.09

47.88

50.94

39.19

34.56

Liquidity/Acid Test

1.13

1.14

1.14

1.02

0.94

Return On Capital Employed %

5.39

14.40

26.10

10.43

3.93

Return On Total Assets Employed %

2.94

7.34

13.47

5.98

2.24

Current Debt Ratio

1.17

1.20

1.20

1.02

1.10

Total Debt Ratio

1.58

1.46

1.48

1.41

1.57

Stock Turnover Ratio %

1.64

1.73

1.80

2.47

1.36

Return on Net Assets Employed %

7.63

18.07

33.44

14.44

5.78

 

 

Status History

 

NoStatus Historyfound

 

 


Event History

 

Date

Description

 

30/12/2013

New Accounts Filed

 

30/12/2013

New Accounts Filed

 

21/12/2013

Annual Returns

 

19/06/2013

New Board Member Mr M.E. Richards appointed

12/01/2013

New Accounts Filed

 

12/01/2013

New Accounts Filed

 

10/01/2013

Annual Returns

 

03/01/2012

New Accounts Filed

 

03/01/2012

New Accounts Filed

 

26/12/2011

Annual Returns

 

13/01/2011

New Accounts Filed

 

13/01/2011

New Accounts Filed

 

11/01/2011

Annual Returns

 

10/02/2010

Annual Returns

 

08/02/2010

New Accounts Filed

 

 

Statistics

Group                           -

Linkages                       0 companies

Countries In                   0 countries

Summary

Holding Company                       -

Ownership Status

Ultimate Holding Company         

Statistics

Group                           0 companies

Linkages                       0 companies

Countries In                   0 countries

 

Exact CCJ Details

No CCJs found

 

Possible CCJs Details

There are no possible CCJ details

 

Writ Details

No writs found

 

 


Mortgage Details

 

Mortgage Type:

Date Charge Created:                 03/07/13

Date Charge Registered:             12/07/13

Date Charge Satisfied:                -

Status:                                      OUTSTANDING

Person(s) Entitled:                     HSBC EQUIPMENT FINANCE (UK) LIMITED;HSBC ASSET FINANCE (UK) LIMITED;

Amount Secured:

Details:                                     CONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:                          FIXED CHARGE ON NON-VESTING DEBTS AND FLOATING CHARGE

Date Charge Created:                 20/07/12

Date Charge Registered:             24/07/12

Date Charge Satisfied:                -

Status:                                      OUTSTANDING

Person(s) Entitled:                     HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

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:

BY WAY OF FIRST FIXED CHARGE ALL DEBTS AND ALL EXPORT DEBTS PURPORTEDLY ASSIGNED TO THE

SECURITY HOLDER PURSUANT TO THEDEBT PURCHASE AGREEMENT. ALL ASSOCIATEDRIGHTS RELATING

TO ANY NON-VESTING DOMESTIC DEBTS AND NON-VESTING EXPORT DEBTS. BY WAY OF FIRST FIXED

CHARGE THE EXCLUDED PROCEEDS AND BY WAYOF FIRST FLOATING CHARGE ALL PRESENT AND FUTURE

ASSETS UNDERTAKING AND ALL OTHER PROPERTY AND ASSETSSEE IMAGE FOR FULL DETAILS

RESPECT OF THE PROPERTY

Mortgage Type:                          CHATTELS MORTGAGE

Date Charge Created:                 12/11/03

Date Charge Registered:             13/11/03

Date Charge Satisfied: -

Status:                                      OUTSTANDING

Person(s) Entitled:                     HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED

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

Details:

SCANIA P114CB8 X 4 340 - C/N 4499061 REG NO FJ53 CYO SCANIA P114CB8 X 4 340 - C/N 4499056 REG NO FJ53

CYL SCANIA P114CB8 X 4 340 - C/N 4499047 REG NO FJ53 CYK FOR DETAILS OF FURTHER CHATTELS PLAESE

REFER TO FORM 395 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:                          CHATTELS MORTGAGE

Date Charge Created:                 08/01/03

Date Charge Registered:             08/01/03

Date Charge Satisfied: -

Status:                                     OUTSTANDING

Person(s) Entitled:                     HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED

Amount Secured:

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

WHATSOEVER

Details:

ALL AND SINGULAR THE CHATTELS, PLANT, MACHINERY AND THINGS BEING 2 X SCANIA P114C88X4 HZ 340

5.1M TRUCKS, CHASSIS NOS. 1273581 & 1273575, REG. NOS. FJ51 NRK & FJ51 NRF RESPECTIVELY.

Mortgage Type:                          CHATTELS MORTGAGE

Date Charge Created:                 02/11/00

Date Charge Registered:             02/11/00

Date Charge Satisfied: -

Status:                                      OUTSTANDING

Person(s) Entitled:                     HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED

Amount Secured:

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

WHATSOEVER

Details:

ALL AND SINGULAR THE CHATTELS PLANT MACHINERY AND THINGS :- NEW HENSCHEL SCRAP SHEAR

850/80 S/NO M3451710

Mortgage Type:                          DEBENTURE

Date Charge Created:                 07/04/00

Date Charge Registered:             11/04/00

Date Charge Satisfied:                -

Status:                                      OUTSTANDING

 

 

Person(s) Entitled:                     HSBC BANK 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:                          CHATTELS MORTGAGE

Date Charge Created:                 31/03/99

Date Charge Registered:             31/03/99

Date Charge Satisfied: -

Status:                                      OUTSTANDING

 

Person(s) Entitled:                     RD TRUST GROUP LIMITED

Amount Secured:

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

WHATSOEVER

Details:

1 NEW LIEBHERR 360 CRANE EXCAVATOR S/NO6094.,1 NEW ALLIED DS32ORN TITLING SHEAR CLEAVER

TOGETHER WITH ANCILLARY EQUIMENT S/NO.DS32ORN PLEASE REFER TO FORM 395FOR FULL DETAILS OF

CHARGED ASSETS

Mortgage Type:                          CHATTELS MORTGAGE

Date Charge Created:                 31/03/99

Date Charge Registered:             31/03/99

Date Charge Satisfied: -

Status:                                      OUTSTANDING

Person(s) Entitled:                     FORWARD TRUST LIMITED FORWA

Amount Secured:

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

WHATSOEVER

Details:

1 NEW LIEBHERR 360 CRANE EXCAVATOR S/NO6094.,1 NEW ALLIED DS32ORN TITLING SHEAR CLEAVER

TOGETHER WITH ANCILLARY EQUIMENT S/NO.DS32ORN PLEASE REFER TO FORM 395FOR FULL DETAILS OF

CHARGED ASSETS

Mortgage Type:                          CHATTELS MORTGAGE

Date Charge Created:                 07/10/94

Date Charge Registered:             07/10/94

Date Charge Satisfied:                27/01/01

Status:                                      SATISFIED

Person(s) Entitled:                     FORWARD TRUST LIMITED

Amount Secured:

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

WHATSOEVER

Details:                                     ONE USED HARRIS TGS204 BALING PRESS, SERIAL NO: TGS204

Mortgage Type:                         CHATTELS MORTGAGE.

Date Charge Created:                 12/09/94

Date Charge Registered:             12/09/94

Date Charge Satisfied:                27/01/01

Status:                                      SATISFIED

Person(s) Entitled:                     FORWARD TRUST LIMITED

Amount Secured:

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

WHATSOEVER

Details:

ALL AND SINGULAR THE CHATTELS PLANT ANDMACHINERY AND THINGS AS DESCRIBED; ONE NEW

SENNEBOGEN SM15C HYDRAULIC HANDLER ,SERIAL NO 51505293 , ONE NEW MERCEDES BENZ 1820K/39

TIPPER CHASSIS WITH SHEPPARD MELLOR BODY, REGISTRATION NO M511PTV. CHASSIS NO 6521272K059567,

ONE NEW MERCEDES BENZ 3234K TIPPERCHASSIS WITH LACRE PDE ROLONOF HOOK LOADER BODY,

REGISTRATION NO;M510 PTV, CHASSIS NO WDB 625119-2K-0654824. ONE NEW MERCEDES BENZ 1820K/39

TIPPER CHASSIS WITH TELEHOIST SKIP EQUIPMENT, REGISTRATIONNO M512 PTV, CHASSIS NO WDB

652127-2K 0715614. .

Mortgage Type:                          FIXED AND FLOATING CHARGE

Date Charge Created:                 05/01/88

Date Charge Registered:             08/01/88

Date Charge Satisfied: -

Status:                                      OUTSTANDING

Person(s) Entitled:                     MIDLAND BANK PLC

Amount Secured:

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

WHATSOEVER

 

Details:

FIXED & FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE

INCLUDING BOOK DEBTS UNCALLED CAPITAL.

Mortgage Type:                          LEGAL CHARGE

Date Charge Created:                 04/09/87

Date Charge Registered:             09/09/87

Date Charge Satisfied:                07/01/95

Status:                                      SATISFIED

Person(s) Entitled:                     ALLIED BREWERIEN LIMITED

Amount Secured:

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

FOR GOODS SOLDAND DELIVERED UNDER THE TERMS OF THE CHARGE.

Details:

F/H PREMISES K/A CRAIGSIDE MANOR CRAIGSIDE LLANDUDNO GWYNEDD TOGETHER WITH THE LAND

FORMING THE SITETHEREOF AND USED &OCCUPIED THEREWITH INCLUDING ALL ADDITIONS & ALL

BUILDINGS ERECTIONS FIXTURES &FITTINGS

Mortgage Type:                          CHATTELS MORTGAGE

Date Charge Created:                 17/11/81

Date Charge Registered:             20/11/81

Date Charge Satisfied:                07/01/95

Status:                                      SATISFIED

Person(s) Entitled:                     FORWARD TRUST LIMITED

Amount Secured:

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

WHATSOEVER

Details:

ALL CHATTELS PLANT MACHINERY AND ITEMS DESCRIBED:- ONE-NOW HYDRAULIC HENSCHEL SCRAP

SHEAR TYPE SV 550E PRECOMPRESSION WING WITH CHANGEABLE ANGLES AND SHORT SCRAP HOLDING

TABLE WITH 500/550 TONS SHEARING FORCE INCLUDING 4700 MM CHARGING BOXAND 700MM KNIFE SER.

NO M3451436

 

 

Trade Debtors / Bad Debt Detail

 

Total Number of Documented      Trade Total Value of Documented Trade

Trade Debtors                                        3                                                                      £1,532

Company Name                                                                                     Amount                         Statement Date

Highglade Flooring Limited                                                                      £883                             19/02/2010

Nexus Total Print Solutions Limited                                                         £479                             30/08/2012

Journal Group Production Company Ltd                                                   £170                             17/12/2012

 

 

 

Average invoice value

 

£3732.08

 

Invoices available

 

118

 

Paid

 

107

 

Outstanding 11

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                                12 27

34

23

11

Outstanding                      1 2

1

0

7


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.59.03

UK Pound

1

Rs.98.91

Euro

1

Rs.80.33

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

PDT

 

               

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.