MIRA INFORM REPORT

 

 

Report No. :

352866

Report Date :

12.12.2015

 

IDENTIFICATION DETAILS

 

Name :

IRONSPRAY LIMITED

 

 

Registered Office :

TY Coch Way, Cwmbran, Gwent, NP 44 7HB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2014

 

 

Date of Incorporation :

29.11.1983

 

 

Com. Reg. No.:

01773912

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :
  • Manufacture of other fabricated metal products

·         Manufacture other fabricated metal products. equipment for use in the carpet tufting industry.

 

 

No. of Employee :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. 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 has been a net importer of energy since 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.

In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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).

 

Source : CIA

 

 

Company Name

 

IRONSPRAY LIMITED

 

 

Company No

 

01773912

 

 

Registered Address

 

TY COCH WAYCWMBRANGWENTNP44 7HB

 

 

Company Summary

 

Registered Address

 

TY COCH WAY
CWMBRAN
GWENT
NP44 7HB

 

Trading Address

 

Ty Coch Way
Cwmbran
Gwent
NP44 7HB

 

Website Address                      http://www.ironspray.co.uk

Telephone Number                   01633872024

Fax Number    

TPS                                          No

FPS                                          No

Incorporation Date                   29/11/1983

Previous Name

Type                                         Private limited with Share Capital

FTSE Index                              -

Date of Change             -

Filing Date of Accounts            30/01/2015

Currency                                  GBP

Share Capital                           £25,000

SIC07                                       25990

Charity Number                        -

SIC07 Description                    MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS N.E.C.

Principal Activity                      Manufacture other fabricated metal products. equipment for use in the carpet tufting industry.

 

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit               Shareholder     Funds Employees

30/04/2014        -                       -                                   £371,669                       -

30/04/2013        -                       -                                   £463,142                       -

30/04/2012        -                       -                                   £450,379                       -

 

 

Mortgage Summary

 

Total Mortgage             15

Outstanding                 14

Satisfied                       1

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                 0

Total Value of Documented Trade                    £0

 

 

Commentary

 

This company has been treated as a Small company in respect of the rating/limit generated.

This company has made late payments on a medium percentage of invoices.

The latest Balance Sheet indicates a very positive net working capital position.

There has been a reduction in shareholders funds compared with the previous balance sheet.

 

 

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

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

5

 

 

Current Directors

 

Name

David Michael Calder

Date of Birth

19/03/1942

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

31/12/1991

Address

Sweet Briar, Tregarn Road, Langstone, Newport, Gwent, NP18 2JS

 

Name

Elizabeth Calder

Date of Birth

12/01/1969

Officers Title

Ms

Nationality

British

Present Appointments

10

Function

Director

Appointment Date

27/09/1993

Address

42 Clos Derwen, Cardiff, South Glamorgan, CF23 5HJ

 

 

Current Company Secretary

 

Name

Elizabeth Calder

Date of Birth

12/01/1969

Officers Title

Ms

Nationality

British

Present Appointments

10

Function

Company Secretary

Appointment Date

05/01/1995

Address

42 Clos Derwen, Cardiff, South Glamorgan, CF23 5HJ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

ELIZABETH CALDER

GBP

8,350

ORDINARY A

1

33.4

MARGARET BROOKS

GBP

8,325

ORDINARY B

1

33.3

DAVID MICHAEL CALDER

GBP

8,325

ORDINARY A

1

33.3

 

Financials

 

Profit & Loss

 

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£40,329

16.9%

£34,513

-8.2%

£37,590

-7.9%

£40,808

-12.1%

£46,423

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Tangible Assets

£1,188,019

5.1%

£1,130,303

198.4%

£378,751

-7.2%

£408,278

-9.7%

£452,123

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,188,019

5.1%

£1,130,303

198.4%

£378,751

-7.2%

£408,278

-9.7%

£452,123

Stock

£158,000

3.2%

£153,103

-13.1%

£176,240

0.5%

£175,350

-11.4%

£198,000

Trade Debtors

£309,993

-25.6%

£416,777

23.5%

£337,359

25%

£269,982

-5.9%

£286,851

Cash

£14,911

-79.6%

£73,202

58.2%

£46,265

999.9%

£93

-

0

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£482,904

-24.9%

£643,082

14.9%

£559,864

25.7%

£445,425

-8.1%

£484,851

Trade Creditors

£227,147

-6.6%

£243,264

-3.7%

£252,613

66.7%

£151,522

2.2%

£148,211

Bank Loans & Overdrafts

£68,797

145.1%

£28,069

87.1%

£15,000

-92.3%

£193,809

13.8%

£170,250

Other Short Term Finance

0

-

0

-

0

-

0

-100%

£1,746

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£295,944

9.1%

£271,333

1.4%

£267,613

-22.5%

£345,331

7.8%

£320,207

Bank Loans & Overdrafts and LTL

£1,072,107

0.5%

£1,066,979

352.8%

£235,623

-22.5%

£303,956

-4.9%

£319,720

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£1,003,310

-3.4%

£1,038,910

370.9%

£220,623

100.3%

£110,147

-26.3%

£149,470

.

Capital & Reserves

 

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Called Up Share Capital

£25,000

-

£25,000

-

£25,000

-

£25,000

-

£25,000

P & L Account Reserve

£346,619

-20.9%

£438,092

3%

£425,329

14%

£373,175

-15.6%

£442,247

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£50

-

£50

-

£50

-

£50

-

£50

Shareholder Funds

£371,669

-19.8%

£463,142

2.8%

£450,379

13.1%

£398,225

-14.8%

£467,297

 

Other Financial Items

 

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Net Worth

£371,669

-19.8%

£463,142

2.8%

£450,379

13.1%

£398,225

-14.8%

£467,297

Working Capital

£186,960

-49.7%

£371,749

27.2%

£292,251

192%

£100,094

-39.2%

£164,644

Total Assets

£1,670,923

-5.8%

£1,773,385

88.9%

£938,615

9.9%

£853,703

-8.9%

£936,974

Total Liabilities

£1,299,254

-0.8%

£1,310,243

168.4%

£488,236

7.2%

£455,478

-3%

£469,677

Net Assets

£371,669

-19.8%

£463,142

2.8%

£450,379

13.1%

£398,225

-14.8%

£467,297

 

Cash Flow

 

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

30/04/14

(%)

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

Contingent Liability

YES

-

YES

-

YES

-

YES

-

NO

Capital Employed

£1,374,979

-8.5%

£1,502,052

123.9%

£671,002

32%

£508,372

-17.6%

£616,767

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

Auditors

Auditor Comments

The company is exempt from audit

Bankers

HSBC BANK PLC

Bank Branch Code

 

Ratios

 

Date Of Accounts

30/04/14

30/04/13

30/04/12

30/04/11

30/04/10

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.63

2.37

2.09

1.29

1.51

Sales/Net Working Capital

-

-

-

-

-

Gearing %

288.50

230.40

52.30

76.30

68.40

Equity in %

22.20

26.10

48

46.60

49.90

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.09

1.80

1.43

0.78

0.89

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.79

0.58

0.59

0.86

0.68

Total Debt Ratio

3.49

2.82

1.08

1.14

1

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

*Event History

 

Date

Description

25/11/2015

Payment Data Update Recieved

21/02/2015

Annual Returns

16/02/2015

New Accounts Filed

12/02/2014

New Accounts Filed

04/02/2014

Annual Returns

09/02/2013

New Accounts Filed

09/02/2013

New Accounts Filed

06/02/2013

Annual Returns

30/01/2012

Annual Returns

30/01/2012

Annual Returns

20/01/2012

New Accounts Filed

07/02/2011

New Accounts Filed

31/01/2011

Annual Returns

16/03/2010

Annual Returns

19/02/2010

Annual Returns

 

PREVIOUS COMPANY NAMES

 

No Previous Names found

 

WRIT DETAILS

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

GROUP STRUCTURE

 

No Group Structure

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

19/04/13

Date Charge Registered:

26/04/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

THE WELSH MINISTERS;

Amount Secured:

Details:

F/H LAND AND BUILDINGS ON THE SOUTH SIDE OF LLANTARNAM PARK WAY LLANTARNAM CWMBRANCONTAINS FIXED CHARGE.

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

25/02/13

Date Charge Registered:

07/03/13

Date Charge Satisfied:

15/03/13

Status:

SATISFIED

Person(s) Entitled:

SVENSKA HANDELSBANKEN AB (PUBL)

Amount Secured:

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, ALL PLANT & MACHINERY SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

DEED OF LEGAL CHARGE

Date Charge Created:

25/02/13

Date Charge Registered:

07/03/13

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

SVENSKA HANDELSBANKEN AB (PUBL)

Amount Secured:

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

Details:

HEMPEL WAREHOUSE LLANTARNAM PARK CWMBRAN FIXED CHARGE ALL PLANT AND MACHINERY OWNED BY THE COMPANY AND ITS INTEREST IN ANY PLANT AND MACHINERY ALL FIXTURES ANDFITTINGS ALL OTHER CHATTELS AND ALL BENEFITS IN RESPECT OF THE INSURANCES INCLUDING CLAIMS AND THE REFUND OF ANY PREMIUMS AND ALL RENTS ALL THE GOODWILL CARRIED ON AT THE PROPERTY

Mortgage Type:

MORTGAGE DEED

Date Charge Created:

08/11/02

Date Charge Registered:

23/11/02

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

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

Details:

THE F/H PROPERTY K/A LAND LYING TO THE NORTH EAST OF TY COCH WAY CWMBRAN T/NO CYM69463 TOGETHER WITHALL BUILDINGS AND FIXTURES (INCLUDING TRADE FIXTURES) FIXED PLANT AND MACHINERY BY WAY OF FIXED CHARGE ALL PRESENT AND FUTURE BOOK AND OTHER DEBTS FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT BY WAY OF ASSIGNMENT THE GOODWILL OF THE BUSINESS (IF ANY)THE FULL BENEFIT OF ALL LICENCES AND ALL GUARANTEES

 

Mortgage Type:

MORTGAGE DEED

Date Charge Created:

29/12/01

Date Charge Registered:

16/01/02

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

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

Details:

F/H PROPERTY K/A FACTORY PREMISES AT TYCOCH WAY CWMBRAN GWENT NP44 7HB T/N WA671326

Mortgage Type:

FIXED CHARGE AND FLOATING CHARGE

Date Charge Created:

13/12/01

Date Charge Registered:

14/12/01

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE WHETHER ARISING UNDER A DISCOUNTINGAGREEMENT OR OTHERWISE

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:

AN OMNIBUS LETTER OF SET-OFF

Date Charge Created:

19/11/01

Date Charge Registered:

22/11/01

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS TSB 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:

ANY SUM OR SUMS FOR THE TIME BEING STANDING TO THE CREDIT OF ANY ONE OR MORE OFANY PRESENT OR FUTUREACCOUNTS OF THE COMPANIES OR ANY OF THEM WITH THE BANK (INCLUDING ANY ACCOUNTS HELD IN THE BANK\SNAME WITH ANY DESIGNATION WHICH INCLUDES THE NAME(S) OF THE COMPANIES OR ANY OFTHEM) WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN A CURRENCY OR CURRENCIES OTHER THAN STERLING

Mortgage Type:

DEBENTURE DEED

Date Charge Created:

19/11/01

Date Charge Registered:

22/11/01

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS TSB 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:

LEGAL MORTGAGE

Date Charge Created:

31/01/96

Date Charge Registered:

13/02/96

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:

LAND AND BUILDINGS AT TY COCH WAY AND LLANDOWLAIS STREET CWMBRAN GWENT AND GOODWILL OF ANY BUSINESSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

31/01/96

Date Charge Registered:

13/02/96

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM ELECTROSPARK LIMITED TO THE CHARGEE ON ANYACCOUNT WHATSOEVER

Details:

LAND AND BUILDINGS AT TY COCH WAY AND LLANDOWLAIS STREET CWMBRAN GWENT ANY SHARES OR MEMBERSHIP RIGHTS ANY GOODWILL OF ANY BUSINESS ANY RENTAL AND OTHER MONEY PAYABLE TOGETHER WITH ALL FIXTURES AND FITTINGS NOW OR AT ANY TIME HEREAFTER ON THE PROPERTY. THE BENEFITS OF ALL RIGHTS LICENCES AND THE GOODWILL OF THE MORTGAGOR INRELATION TO THE BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY

 

Mortgage Type:

FIXED AND FLOATING CHARGE

Date Charge Created:

22/06/94

Date Charge Registered:

01/07/94

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 AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL GOODWILL BOOKDEBTS AND PATENTS

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

31/03/93

Date Charge Registered:

15/04/93

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:

F/H PROPERTY K/A LAND AND BUILDINGS SOUTH SIDE OF LLANDOWLAIS STREET AND EAST OF TY COCH WAY CWMBRANGWENT TOGETHER WITH ALL FIXTURES AND FITTINGS NOW OR AT ANY TIME HEREAFTER ON THE PROPERTY. THE BENEFITS OF ALL RIGHTS LICENCES AND THE GOODWILL OF THE MORTGAGOR INRELATION TO THE BUSINESS FROM TIMETO TIME CARRIED ON AT THE PROPERTY

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

23/01/89

Date Charge Registered:

06/02/89

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:

LAND ON THE SOUTH SIDE OF LLANDOWLAIS STREET CWMBRAN GWENT TITLE NO WA 377296

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

19/12/86

Date Charge Registered:

06/01/87

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

NORWICH GENERAL TRUST LIMITED

Amount Secured:

SECURING £112,000 AND ALL OTHER MONEYS DUE OR TO BECOME DUE FROM THE COMPANYAND/OR ELECTROSPARK LIMITED AND/OR DAVID MICHAEL CALDER AND MICHAEL JOHN SPITTLE TO NORWICH GENERAL TRUST LIMITED.

Details:

UNDER LEASEHOLD PROPERTY COMPRISING 0.45 ACRES OF LAND AT CWMBRAN GWENT.

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

15/09/84

Date Charge Registered:

06/09/84

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:

FIRST FIXED CHARGE OVER ALL BOOK & OTHER DEBTS WITH A FLOATING CHARGE ON UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

David Michael Calder

5

2

Theresa June Calder

0

2

Carol Spittle

0

2

Michael John Spittle

0

3

John Manwaring Letts

0

4

Average Invoice Value

Ł126.19

Invoices available

35

Paid

28

Outstanding

7

 

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

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

5

10

8

2

3

Outstanding

1

2

3

1

0

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.10

Euro

1

Rs.73.10

GBP

1

Rs. 101.88

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ASH

 

 

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.