MIRA INFORM REPORT
|
Report Date : |
22.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
WREKIN PRODUCTS LIMITED |
|
|
|
|
Formerly Known As : |
WREKIN WELDING & FABRICATION ENGINEERING LIMITED |
|
|
|
|
Registered Office : |
Unit 1a Europa Way, Britannia Enterprise Park, Lichfield, Staffordshire, WS14 9TZ |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
13.05.1991 |
|
|
|
|
Com. Reg. No.: |
02609935 |
|
|
|
|
Legal Form : |
Private limited with share |
|
|
|
|
Line of Business : |
Manufacture of fabrication metal products |
|
|
|
|
No. of Employees : |
36 |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
United
Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power
and financial center, is the third largest economy in Europe after Germany and
France. Over the past two decades, the government has greatly reduced public
ownership. Agriculture is intensive, highly mechanized, and efficient by
European standards, producing about 60% of food needs with less than 2% of the
labor force. The UK has large coal, natural gas, and oil resources, but its oil
and natural gas reserves are declining and the UK became a net importer of
energy in 2005. Services, particularly banking, insurance, and business
services, are key drivers of British GDP growth. Manufacturing, meanwhile, has
declined in importance but still accounts for about 10% of economic output.
After emerging from recession in 1992, Britain's economy enjoyed the longest
period of expansion on record during which time growth outpaced most of Western
Europe. In 2008, however, the global financial crisis hit the economy
particularly hard, due to the importance of its financial sector. Falling home
prices, high consumer debt, and the global economic slowdown compounded
Britain's economic problems, pushing the economy into recession in the latter
half of 2008 and prompting the then BROWN (Labour) government to implement a
number of measures to stimulate the economy and stabilize the financial
markets; these included nationalizing parts of the banking system, temporarily
cutting taxes, suspending public sector borrowing rules, and moving forward
public spending on capital projects. Facing burgeoning public deficits and debt
levels, in 2010 the CAMERON-led coalition government (between Conservatives and
Liberal Democrats) initiated a five-year austerity program, which aimed to
lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by
2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced
additional austerity measures through 2017 largely due to the euro-zone debt
crisis. The CAMERON government raised the value added tax from 17.5% to 20% in
2011. It has pledged to reduce the corporation tax rate to 21% by 2014. The
Bank of England (BoE) implemented an asset purchase program of £375 billion
(approximately $605 billion) as of December 2013. During times of economic
crisis, the BoE coordinates interest rate moves with the European Central Bank,
but Britain remains outside the European Economic and Monetary Union (EMU). In
2012, weak consumer spending and subdued business investment weighed on the
economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the
second half of the year because of greater consumer spending and a recovering
housing market. The budget deficit is falling but remains high at nearly 7% and
public debt has continued to increase
|
Source
: CIA |
Company
name and address
Company Name: WREKIN PRODUCTS LIMITED
Company No: 02609935
Company Status: Active
- Accounts Filed
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Lesley Walker |
Date of Birth |
23/11/1962 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
01/06/2009 |
|
|
|
Address |
5 Brookside, Birch Cross, Marchington, Uttoxeter,
Staffordshire, ST14 8NU |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
|
Name |
David Henry Edmonds |
Date of Birth |
23/10/1951 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
11/09/2009 |
|
|
|
Address |
14 Compton, Ashbourne, Derbyshire, DE6 1DA |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
|
Name |
Paul Drummond Neilson |
Date of Birth |
05/09/1955 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
08/10/2012 |
|
|
|
Address |
Unit 1a Europa Way, Britannia Enterprise Park, Lichfield,
Staffordshire, WS14 9TZ |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
|
Name |
Stanley Turner |
Date of Birth |
- |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
8 |
Function |
Director |
|
Appointment Date |
15/05/2002 |
|
|
|
Address |
The Maples, The Park, Elford, Staffordshire, B79 9DF |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
|
Name |
Simon John Turner |
Date of Birth |
02/05/1976 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
03/10/2011 |
|
|
|
Address |
Unit 1a Europa Way, Britannia Enterprise Park, Lichfield,
Staffordshire, WS14 9TZ |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Raymond Evans |
0 |
2 |
|
Stephen Donald Reynolds |
2 |
5 |
|
Stephen Donald Reynolds |
2 |
5 |
|
Sylvan Barry Onions |
0 |
2 |
|
Paul Shaw |
1 |
1 |
|
Nigel Thomas Hunt |
2 |
8 |
|
Marcus Gordon Waddie Ward |
0 |
10 |
|
David Charles Nicholas |
0 |
30 |
|
Nicholas William Catt |
2 |
25 |
|
MBC NOMINEES LIMITED |
568 |
8294 |
|
MBC SECRETARIES LIMITED |
567 |
8292 |
NEGATIVE
INFORMATION
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 - |
- |
|
|
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
WREKIN HOLDINGS LTD |
GBP |
80 |
ORDINARY |
1 |
80 |
|
PAUL SHAW |
GBP |
10 |
ORDINARY |
1 |
10 |
|
DAVID WARDROPPER |
GBP |
10 |
ORDINARY |
1 |
10 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
2 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
WREKIN HOLDINGS LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
WREKIN HOLDINGS LIMITED |
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
04654088 |
30.09.2013 |
Y |
£14,663,960 |
|
|
|
02609935 |
30.09.2013 |
N |
£14,663,960 |
WREKIN
HOLDINGS LIMITED FINANCIAL
INFORMATION
Profit & Loss
|
Date Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£14,663,960 |
11.2% |
£13,186,037 |
11.1% |
£11,869,323 |
15.2% |
£10,303,380 |
-0.9% |
£10,393,752 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
-100% |
£8,550,625 |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£1,843,127 |
|
Wages & Salaries |
£1,167,670 |
29.4% |
£902,501 |
29.3% |
£698,106 |
10.3% |
£632,772 |
25.4% |
£504,608 |
|
Directors Emoluments |
£346,130 |
18.1% |
£293,051 |
36.2% |
£215,172 |
-12.8% |
£246,712 |
62.4% |
£151,876 |
|
Operating Profit |
£754,426 |
13.6% |
£663,924 |
51.6% |
£438,059 |
5.5% |
£415,091 |
-13.4% |
£479,123 |
|
Depreciation |
£105,595 |
69.3% |
£62,357 |
18.6% |
£52,589 |
34.2% |
£39,193 |
110.1% |
£18,654 |
|
Audit Fees |
£11,050 |
2.8% |
£10,750 |
2.4% |
£10,500 |
2.4% |
£10,250 |
- |
£10,250 |
|
Interest Payments |
£112,768 |
-24.7% |
£149,838 |
-3.7% |
£155,667 |
-3.4% |
£161,149 |
-1.9% |
£164,232 |
|
Pre Tax Profit |
£641,658 |
24.8% |
£514,086 |
82% |
£282,392 |
11.2% |
£253,942 |
-19.4% |
£314,891 |
|
Taxation |
-£122,202 |
-15.6% |
-£105,712 |
-32.5% |
-£79,788 |
-1.3% |
-£78,782 |
-34.2% |
-£58,723 |
|
Profit After Tax |
£519,456 |
27.2% |
£408,374 |
101.6% |
£202,604 |
15.7% |
£175,160 |
-31.6% |
£256,168 |
|
Dividends Payable |
£62,500 |
25% |
£50,000 |
25% |
£40,000 |
-42.9% |
£70,000 |
-30% |
£100,000 |
|
Retained Profit |
£456,956 |
27.5% |
£358,374 |
120.4% |
£162,604 |
54.6% |
£105,160 |
-32.7% |
£156,168 |
Balance Sheet
|
Date Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Tangible Assets |
£531,555 |
201.6% |
£176,258 |
37% |
£128,627 |
5.1% |
£122,339 |
40.7% |
£86,979 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£531,555 |
201.6% |
£176,258 |
37% |
£128,627 |
5.1% |
£122,339 |
40.7% |
£86,979 |
|
Stock |
£2,742,363 |
23.5% |
£2,220,194 |
2.7% |
£2,162,553 |
-31.1% |
£3,139,243 |
41.9% |
£2,212,308 |
|
Trade Debtors |
£2,618,699 |
11.8% |
£2,341,814 |
9.7% |
£2,134,483 |
32.1% |
£1,615,761 |
4.7% |
£1,543,750 |
|
Cash |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Debtors |
£855,619 |
-0.4% |
£859,176 |
3.5% |
£829,882 |
3.3% |
£803,525 |
15.1% |
£698,204 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£6,216,681 |
14.7% |
£5,421,184 |
5.7% |
£5,126,918 |
-7.8% |
£5,558,529 |
24.8% |
£4,454,262 |
|
Trade Creditors |
£2,200,378 |
18.9% |
£1,850,472 |
10.7% |
£1,671,376 |
-2.8% |
£1,718,846 |
36.4% |
£1,259,694 |
|
Bank Loans & Overdrafts |
£1,125,557 |
27.1% |
£885,813 |
-18.7% |
£1,090,229 |
-35.7% |
£1,694,685 |
49.2% |
£1,135,565 |
|
Other Short Term Finance |
£75,062 |
346.7% |
£16,802 |
-83.6% |
£102,696 |
-0.8% |
£103,512 |
5% |
£98,563 |
|
Miscellaneous Current Liabilities |
£497,720 |
-11.1% |
£559,898 |
8.8% |
£514,523 |
36.2% |
£377,844 |
13.3% |
£333,454 |
|
Total Current Liabilities |
£3,898,717 |
17.7% |
£3,312,985 |
-1.9% |
£3,378,824 |
-13.2% |
£3,894,887 |
37.8% |
£2,827,276 |
|
Bank Loans & Overdrafts and LTL |
£1,420,558 |
32.4% |
£1,072,708 |
-12.6% |
£1,227,762 |
-35.5% |
£1,904,082 |
38.2% |
£1,378,106 |
|
Other Long Term Finance |
£295,001 |
57.8% |
£186,895 |
35.9% |
£137,533 |
-34.3% |
£209,397 |
-13.7% |
£242,541 |
|
Total Long Term Liabilities |
£295,001 |
57.8% |
£186,895 |
35.9% |
£137,533 |
-34.3% |
£209,397 |
-13.7% |
£242,541 |
Capital & Reserves
|
Date Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
P & L Account Reserve |
£2,554,418 |
21.8% |
£2,097,462 |
20.6% |
£1,739,088 |
10.3% |
£1,576,484 |
7.1% |
£1,471,324 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£2,554,518 |
21.8% |
£2,097,562 |
20.6% |
£1,739,188 |
10.3% |
£1,576,584 |
7.1% |
£1,471,424 |
Other Financial Items
|
Date Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Net Worth |
£2,554,518 |
21.8% |
£2,097,562 |
20.6% |
£1,739,188 |
10.3% |
£1,576,584 |
7.1% |
£1,471,424 |
|
Working Capital |
£2,317,964 |
9.9% |
£2,108,199 |
20.6% |
£1,748,094 |
5.1% |
£1,663,642 |
2.3% |
£1,626,986 |
|
Total Assets |
£6,748,236 |
20.6% |
£5,597,442 |
6.5% |
£5,255,545 |
-7.5% |
£5,680,868 |
25.1% |
£4,541,241 |
|
Total Liabilities |
£4,193,718 |
19.8% |
£3,499,880 |
-0.5% |
£3,516,357 |
-14.3% |
£4,104,284 |
33.7% |
£3,069,817 |
|
Net Assets |
£2,554,518 |
21.8% |
£2,097,562 |
20.6% |
£1,739,188 |
10.3% |
£1,576,584 |
7.1% |
£1,471,424 |
Cash Flow
|
Date Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Net Cashflow from Operations |
£343,090 |
-44.7% |
£620,548 |
-36.2% |
£972,192 |
763% |
-£146,641 |
-114.5% |
£1,013,769 |
|
Net Cashflow before Financing |
-£225,122 |
-193.8% |
£239,966 |
-64.5% |
£676,860 |
238% |
-£490,590 |
-175.4% |
£651,056 |
|
Net Cashflow from Financing |
-£14,622 |
58.9% |
-£35,550 |
50.9% |
-£72,404 |
-5.7% |
-£68,530 |
-21.6% |
-£56,340 |
|
Increase in Cash |
-£239,744 |
-217.3% |
£204,416 |
-66.2% |
£604,456 |
208.1% |
-£559,120 |
-194% |
£594,716 |
Miscellaneous
|
Date Of Accounts |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
(%) |
30/09/09 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
£2,849,519 |
24.7% |
£2,284,457 |
21.7% |
£1,876,721 |
5.1% |
£1,785,981 |
4.2% |
£1,713,965 |
|
Number of Employees |
36 |
12.5% |
32 |
14.3% |
28 |
12% |
25 |
19% |
21 |
|
Auditors |
BAKER TILLY AUDIT LIMITED |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
HSBC BANK PLC |
||||||||
|
Bank Branch Code |
40-18-17 |
||||||||
Ratios
|
Date Of Accounts |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
30/09/09 |
|
Pre-tax profit margin % |
4.38 |
3.90 |
2.38 |
2.46 |
3.03 |
|
Current ratio |
1.59 |
1.64 |
1.52 |
1.43 |
1.58 |
|
Sales/Net Working Capital |
6.33 |
6.25 |
6.79 |
6.19 |
6.39 |
|
Gearing % |
55.60 |
51.10 |
70.60 |
120.80 |
93.70 |
|
Equity in % |
37.90 |
37.50 |
33.10 |
27.80 |
32.40 |
|
Creditor Days |
54.61 |
51.08 |
51.25 |
60.72 |
44.11 |
|
Debtor Days |
65 |
64.64 |
65.45 |
57.08 |
54.06 |
|
Liquidity/Acid Test |
0.89 |
0.96 |
0.87 |
0.62 |
0.79 |
|
Return On Capital Employed % |
22.51 |
22.50 |
15.04 |
14.21 |
18.37 |
|
Return On Total Assets Employed % |
9.50 |
9.18 |
5.37 |
4.47 |
6.93 |
|
Current Debt Ratio |
1.52 |
1.57 |
1.94 |
2.47 |
1.92 |
|
Total Debt Ratio |
1.64 |
1.66 |
2.02 |
2.60 |
2.08 |
|
Stock Turnover Ratio % |
18.70 |
16.83 |
18.21 |
30.46 |
21.28 |
|
Return on Net Assets Employed % |
25.11 |
24.50 |
16.23 |
16.10 |
21.40 |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Enquiries Trend
|
There have been 98 enquiries in the last 12 months. |
|
There are an average of 8 reports taken each month |
Current Company Secretary
|
Name |
Lesley Walker |
Date of Birth |
23/11/1962 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Company Secretary |
|
Appointment Date |
30/12/1998 |
|
|
|
Address |
5 Brookside, Birch Cross, Marchington, Uttoxeter, Staffordshire,
ST14 8NU |
||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
19/05/2014 |
Annual Returns |
|
18/03/2014 |
New Accounts Filed |
|
18/05/2013 |
Annual Returns |
|
17/04/2013 |
New Accounts Filed |
|
17/04/2013 |
New Accounts Filed |
|
21/12/2012 |
Change in Reg.Office |
|
21/12/2012 |
Change of Company Postcode |
|
18/12/2012 |
Change of Name |
|
10/10/2012 |
New Board Member Mr P.D. Neilson appointed |
|
23/05/2012 |
Annual Returns |
|
04/04/2012 |
New Board Member Mr S.J. Turner appointed |
|
22/03/2012 |
New Accounts Filed |
|
22/03/2012 |
New Accounts Filed |
|
06/10/2011 |
Mr P. Shaw has left the board |
|
06/10/2011 |
New Board Member Mr S.J. Turner appointed |
Previous Company Names
|
Date |
Previous Name |
|
14/12/2012 |
WREKIN WELDING & FABRICATION ENGINEERING LIMITED |
|
04/06/1991 |
STRIVERANGE LIMITED |
Mortgage Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
06/06/08 |
|
|
|
Date Charge Registered: |
13/06/08 |
|
|
|
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 CHARGE OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS,
UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge Created: |
23/06/03 |
|
|
|
Date Charge Registered: |
26/06/03 |
|
|
|
Date Charge Satisfied: |
05/06/09 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
SINGER & FRIEDLANDER LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND
LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING
CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE
INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
28/02/03 |
|
|
|
Date Charge Registered: |
06/03/03 |
|
|
|
Date Charge Satisfied: |
03/06/08 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
FRYETT'S FABRICS LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE |
||
|
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: |
DEBENTURE |
||
|
Date Charge Created: |
28/02/03 |
|
|
|
Date Charge Registered: |
04/03/03 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
FRYETTS FABRICS LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
||
|
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: |
DEBENTURE |
||
|
Date Charge Created: |
01/12/94 |
|
|
|
Date Charge Registered: |
12/12/94 |
|
|
|
Date Charge Satisfied: |
28/05/08 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS 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: |
DEBENTURE |
||
|
Date Charge Created: |
14/01/93 |
|
|
|
Date Charge Registered: |
27/01/93 |
|
|
|
Date Charge Satisfied: |
20/10/94 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CO-OPERATIVE BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
(SEE FORM 395 FOR FULL DETAILS) 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 |
||
NOTES
& COMMENTS
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is part of a group. |
|
|
Sales in the latest trading period increased 11.2% on the
previous trading period. |
|
|
Net Worth increased by 21.8% during the latest trading
period. |
|
|
A 20.6% growth in Total Assets occurred during the latest
trading period. |
|
|
Pre-tax profits increased by 24.8% compared to the
previous trading period. |
|
|
The audit report contains no adverse comments. |
|
|
The company has changed its registered address recently. |
|
|
The company has changed its registered name recently. |
|
|
The company was established over 23 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.30 |
|
|
1 |
Rs.99.16 |
|
Euro |
1 |
Rs.78.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall
operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.