MIRA INFORM REPORT
|
Report No. : |
354078 |
|
Report Date : |
15.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MIDSTEEL FLANGES AND FITTINGS LIMITED |
|
|
|
|
Formerly Known As : |
MIDSTEEL PIPELINE LIMITED |
|
|
|
|
Registered Office : |
Building 51 Third Avenue, Pensnett Trading Estate, Kingswinford Dy6 7xe |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2015 |
|
|
|
|
Date of Incorporation : |
24.02.2006 |
|
|
|
|
Com. Reg. No.: |
05721701 |
|
|
|
|
Legal Form : |
Private Limited With Share Capital |
|
|
|
|
Line of Business : |
Manufacturing stockholding, processing and distribution of carbon and stainless steel fianges, forged steel pipe fittings and butt weld pipe fittings. |
|
|
|
|
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, 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
summary
|
Registered Address |
Building 51 Third Avenue |
Trading Address |
Building 51 |
|
Website Address |
http://www.midsteelflangesandfittings.com |
Telephone Number |
01384400290 |
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
|
Company Number |
05721701 |
|
Previous Name |
MIDSTEEL PIPELINE LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
04/01/2010 |
Filing Date of
Accounts |
19/11/2015 |
|
Currency |
GBP |
Share Capital |
£250,000 |
|
SIC07 |
46720 |
Charity Number |
-- |
|
SIC07 Description |
Wholesale of Metals and Metal Ores |
Principal Activity |
Manufacturing stockholding, processing and distribution of carbon and stainless steel fianges, forged steel pipe fittings and butt weld pipe fittings. |
Key
financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/12/2014 |
£5,311,334 |
£235,708 |
£1,219,953 |
-- |
|
31/12/2013 |
£5,889,244 |
£248,829 |
£1,142,943 |
-- |
|
31/12/2012 |
£5,189,279 |
£50,328 |
£989,010 |
-- |
Mortgage
Summary
Total Mortgage 5
Outstanding 4
Satisfied 1
Trade
debtors / bad debt summary
Total Number of Documented
Trade 2
Total Value of Documented
Trade £10,892
Commentary
|
This company has been treated as a Small company. |
|
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 an increase in shareholders funds compared with the
previous balance sheet. |
|
This company trades in an industry with a moderate level of corporate
failures. |
Current
Directors
|
Name |
Paul James Jones |
Date of Birth |
27/06/1965 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
08/06/2009 |
||
|
Address |
Building 51 Third Avenue, Pensnett Trading Estate, Kingswinford, West
Midlands, DY6 7XE |
||
|
Name |
Mark Ian Redding |
Date of Birth |
30/06/1962 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
19/06/2006 |
||
|
Address |
Building 51 Third Avenue, Pensnett Trading Estate, Kingswinford, West
Midlands, DY6 7XE |
||
|
Name |
James Street |
Date of Birth |
03/01/1976 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
03/11/2011 |
||
|
Address |
Building 51 Third Avenue, Pensnett Trading Estate, Kingswinford, West
Midlands, DY6 7XE |
||
Current Company Secretary
|
Name |
Paul James Jones |
Date of Birth |
27/06/1965 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Company Secretary |
|
Appointment Date |
08/06/2009 |
||
|
Address |
Building 51 Third Avenue, Pensnett Trading Estate, Kingswinford, West
Midlands, DY6 7XE |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MFFH LTD |
GBP |
250,000 |
ORDINARY |
1 |
100 |
Profit
& Loss
|
Date Of Accounts |
30/06/15 |
(%) |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£5,311,334 |
-9.8% |
£5,889,244 |
13.5% |
£5,189,279 |
11% |
£4,673,937 |
18.2% |
£3,955,769 |
|
|
Export |
£1,082,240 |
-15.1% |
£1,275,138 |
-6.4% |
£1,362,883 |
2.7% |
£1,327,562 |
29.7% |
£1,023,582 |
|
|
Cost of Sales |
£3,928,771 |
-5.5% |
£4,157,177 |
8.2% |
£3,841,513 |
12% |
£3,429,951 |
21.9% |
£2,813,097 |
|
|
Gross Profit |
£1,382,563 |
-20.2% |
£1,732,067 |
28.5% |
£1,347,766 |
8.3% |
£1,243,986 |
8.9% |
£1,142,672 |
|
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Directors Emoluments |
£103,749 |
-51.5% |
£214,082 |
3.9% |
£206,078 |
14.9% |
£179,378 |
45.2% |
£123,567 |
|
|
Operating Profit |
£289,160 |
-5.7% |
£306,514 |
201.4% |
£101,680 |
999.9% |
-£10,071 |
-112.3% |
£81,736 |
|
|
Depreciation |
£22,533 |
-36.8% |
£35,630 |
-23.9% |
£46,830 |
-12.8% |
£53,683 |
3.5% |
£51,891 |
|
|
Audit Fees |
£5,700 |
-3.7% |
£5,920 |
17.2% |
£5,050 |
3.1% |
£4,900 |
26.3% |
£3,880 |
|
|
Interest Payments |
£53,452 |
-7.3% |
£57,685 |
102.6% |
£28,468 |
17.5% |
£24,230 |
-7.1% |
£26,081 |
|
|
Pre Tax Profit |
£235,708 |
-5.3% |
£248,829 |
394.4% |
£50,328 |
246.8% |
-£34,294 |
-161.6% |
£55,655 |
|
|
Taxation |
-£48,286 |
3.8% |
-£50,182 |
-341.2% |
-£11,374 |
-479.1% |
£3,000 |
124.2% |
-£12,394 |
|
|
Profit After Tax |
£187,422 |
-5.7% |
£198,647 |
410% |
£38,954 |
224.5% |
-£31,294 |
-172.3% |
£43,261 |
|
|
Dividends Payable |
£110,412 |
146.9% |
£44,714 |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
£77,010 |
-50% |
£153,933 |
295.2% |
£38,954 |
224.5% |
-£31,294 |
-172.3% |
£43,261 |
Balance
Sheet
|
Date Of Accounts |
30/06/15 |
(%) |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
|
|
|
Tangible Assets |
£192,819 |
50.4% |
£128,222 |
24.1% |
£103,335 |
7.3% |
£96,292 |
-33.3% |
£144,322 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£192,819 |
50.4% |
£128,222 |
24.1% |
£103,335 |
7.3% |
£96,292 |
-33.3% |
£144,322 |
|
|
Stock |
£1,508,802 |
-9.2% |
£1,661,317 |
12% |
£1,483,887 |
-8.1% |
£1,614,471 |
19.1% |
£1,355,884 |
|
|
Trade Debtors |
£1,155,593 |
-11.2% |
£1,301,049 |
9.4% |
£1,189,739 |
11.9% |
£1,062,945 |
-0.7% |
£1,070,260 |
|
|
Cash |
£411 |
-5.3% |
£434 |
-5.9% |
£461 |
95.3% |
£236 |
-93.7% |
£3,740 |
|
|
Other Debtors |
£106,734 |
-32.1% |
£157,214 |
14.9% |
£136,821 |
10.7% |
£123,629 |
-67.4% |
£379,460 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£2,771,540 |
-11.2% |
£3,120,014 |
11% |
£2,810,908 |
0.3% |
£2,801,281 |
-0.3% |
£2,809,344 |
|
|
Trade Creditors |
£419,442 |
-20.5% |
£527,411 |
18.5% |
£445,027 |
4.9% |
£424,290 |
-28.4% |
£592,421 |
|
|
Bank Loans & Overdrafts |
£108,154 |
-62% |
£284,605 |
-69.6% |
£936,453 |
23.3% |
£759,447 |
-33.6% |
£1,143,932 |
|
|
Other Short Term Finance |
£967,749 |
10.4% |
£876,838 |
495.9% |
£147,143 |
-36% |
£229,750 |
516.6% |
£37,261 |
|
|
Miscellaneous Current Liabilities |
£230,053 |
-13% |
£264,530 |
43.3% |
£184,596 |
-8.5% |
£201,669 |
14.7% |
£175,777 |
|
|
Total Current Liabilities |
£1,725,398 |
-11.7% |
£1,953,384 |
14% |
£1,713,219 |
6.1% |
£1,615,156 |
-17.1% |
£1,949,391 |
|
|
Bank Loans & Overdrafts and LTL |
£127,162 |
-70.9% |
£436,514 |
-62% |
£1,148,467 |
5.2% |
£1,091,808 |
-6.4% |
£1,166,857 |
|
|
Other Long Term Finance |
£6,008 |
-95.6% |
£136,909 |
-32.6% |
£203,014 |
-38% |
£327,361 |
999.9% |
£13,925 |
|
|
Total Long Term Liabilities |
£19,008 |
-87.5% |
£151,909 |
-28.3% |
£212,014 |
-36.2% |
£332,361 |
999.9% |
£22,925 |
.
Capital
& Reserves
|
Date Of Accounts |
30/06/15 |
(%) |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
|
|
|
Called Up Share Capital |
£250,000 |
- |
£250,000 |
- |
£250,000 |
- |
£250,000 |
- |
£250,000 |
|
|
P & L Account Reserve |
£969,953 |
8.6% |
£892,943 |
20.8% |
£739,010 |
5.6% |
£700,056 |
-4.3% |
£731,350 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£1,219,953 |
6.7% |
£1,142,943 |
15.6% |
£989,010 |
4.1% |
£950,056 |
-3.2% |
£981,350 |
Other
Financial Items
|
Date Of Accounts |
30/06/15 |
(%) |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
|
|
|
Net Worth |
£1,219,953 |
6.7% |
£1,142,943 |
15.6% |
£989,010 |
4.1% |
£950,056 |
-3.2% |
£981,350 |
|
|
Working Capital |
£1,046,142 |
-10.3% |
£1,166,630 |
6.3% |
£1,097,689 |
-7.5% |
£1,186,125 |
37.9% |
£859,953 |
|
|
Total Assets |
£2,964,359 |
-8.7% |
£3,248,236 |
11.5% |
£2,914,243 |
0.6% |
£2,897,573 |
-1.9% |
£2,953,666 |
|
|
Total Liabilities |
£1,744,406 |
-17.1% |
£2,105,293 |
9.4% |
£1,925,233 |
-1.1% |
£1,947,517 |
-1.3% |
£1,972,316 |
|
|
Net Assets |
£1,219,953 |
6.7% |
£1,142,943 |
15.6% |
£989,010 |
4.1% |
£950,056 |
-3.2% |
£981,350 |
Miscellaneous
|
Date Of Accounts |
30/06/15 |
(%) |
30/06/14 |
(%) |
30/06/13 |
(%) |
30/06/12 |
(%) |
30/06/11 |
|
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
NO |
|
|
|
Capital Employed |
£1,238,961 |
-4.3% |
£1,294,852 |
7.8% |
£1,201,024 |
-6.3% |
£1,282,417 |
27.7% |
£1,004,275 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Accountants |
||||||||||
|
Auditors |
DAFFERNS LLP |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
||||||||||
|
Bank Branch Code |
||||||||||
Ratios
|
Date Of Accounts |
30/06/15 |
30/06/14 |
30/06/13 |
30/06/12 |
30/06/11 |
|
|
|
Pre-tax profit margin % |
4.44 |
4.23 |
0.97 |
-0.73 |
1.41 |
|
|
Current ratio |
1.61 |
1.60 |
1.64 |
1.73 |
1.44 |
|
|
Sales/Net Working Capital |
5.08 |
5.05 |
4.73 |
3.94 |
4.60 |
|
|
Gearing % |
10.40 |
38.20 |
116.10 |
114.90 |
118.90 |
|
|
Equity in % |
41.20 |
35.20 |
33.90 |
32.80 |
33.20 |
|
|
Creditor Days |
28.74 |
32.59 |
31.21 |
33.04 |
54.51 |
|
|
Debtor Days |
79.19 |
80.41 |
83.45 |
82.78 |
98.48 |
|
|
Liquidity/Acid Test |
0.73 |
0.74 |
0.77 |
0.73 |
0.74 |
|
|
Return On Capital Employed % |
19.02 |
19.21 |
4.19 |
-2.67 |
5.54 |
|
|
Return On Total Assets Employed % |
7.95 |
7.66 |
1.72 |
-1.18 |
1.88 |
|
|
Current Debt Ratio |
1.41 |
1.70 |
1.73 |
1.70 |
1.98 |
|
|
Total Debt Ratio |
1.42 |
1.84 |
1.94 |
2.04 |
2 |
|
|
Stock Turnover Ratio % |
28.40 |
28.20 |
28.59 |
34.54 |
34.27 |
|
|
Return on Net Assets Employed % |
19.32 |
21.77 |
5.08 |
-3.60 |
5.67 |
Report
Notes
|
There are no notes to display. |
Status
History
|
No Status History found |
Event
History
|
Date |
Description |
|
30/11/2015 |
New Accounts Filed |
|
30/11/2015 |
New Accounts Filed |
|
15/07/2015 |
Payment Data Update Recieved |
|
14/07/2015 |
Payment Data Update Recieved |
|
07/07/2015 |
Payment Data Update Recieved |
|
03/07/2015 |
Payment Data Update Recieved |
|
18/03/2015 |
Annual Returns |
|
31/12/2014 |
Mr J. Biddle has left the board |
|
09/12/2014 |
New Accounts Filed |
|
03/03/2014 |
Annual Returns |
|
25/11/2013 |
New Accounts Filed |
|
25/11/2013 |
New Accounts Filed |
|
03/04/2013 |
New Accounts Filed |
|
03/04/2013 |
New Accounts Filed |
|
02/03/2013 |
Annual Returns |
Previous
Company Names
|
Date |
Previous Name |
|
04/01/2010 |
MIDSTEEL PIPELINE LIMITED |
|
12/09/2006 |
MIDSTEEL BARS LTD |
|
14/03/2006 |
MIDSTEEL BARNS LTD |
Writ
Details
|
No writs found |
Statistics
|
Group |
5 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
MFFH LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
MFFH LIMITED |
Group
StructureFull
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
07751873 |
30.06.2015 |
N |
|
|
|
05721701 |
30.06.2015 |
N |
£5,311,334 |
|
|
09252557 |
- |
N |
|
|
|
09051885 |
- |
N |
|
|
|
02499748 |
30.06.2014 |
N |
Mortgage
Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
02/03/12 |
||
|
Date Charge Registered: |
06/03/12 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
ALAN DAVID STREET AND MARTIN GUY BOULTER |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE BORROWER TO THE CHARGEE ON
ANY ACCOUNTWHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, UNCALLED CAPITAL, BUILDINGS,
FIXTURES, FIXEDPLANT & MACHINERY SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
DEED OF CHARGE OVER CREDIT BALANCES |
||
|
Date Charge Created: |
03/11/11 |
||
|
Date Charge Registered: |
09/11/11 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES NOT EXCEEDING ONE HUNDRED AND FIFTY THOUSAND POUNDS AND ALL
OTHER MONIES DUE OR TO BECOMEDUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN
THE SCHEDULE TO THE FORM MG01 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE
PURSUANTTO SUCH DEPOSIT(S) & THE DEBTS REPRESENTED THEREBY) TOGETHER WITH
ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN
ASSIGNMENT BY THE CHARGORFOR THE PURPOSES OF & TO GIVE EFFECT TOTHE
SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S)
& INTEREST THEREON BARCLAYS BANK PLCRE MIDSTEEL FLANGES & FITTINGS
LIMITED CURRENT ACCOUNT NUMBER 73301869 |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
03/11/11 |
||
|
Date Charge Registered: |
09/11/11 |
||
|
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 COMPANIES NAMED THEREIN TOTHE CHARGEE ON ANYACCOUNT 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: |
DEBENTURE |
||
|
Date Charge Created: |
03/11/11 |
||
|
Date Charge Registered: |
04/11/11 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
MIDSTEEL GROUP LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
||
|
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 SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
27/07/06 |
||
|
Date Charge Registered: |
11/08/06 |
||
|
Date Charge Satisfied: |
23/11/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
|||
|
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 |
||
Creditor
Details
|
Total Number |
Total Value |
|
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
||
Trade
Debtors / Bad Debt Detail
|
Total Number of Documented Trade |
Total Value of Documented Trade |
||
|
Trade Debtors |
2 |
£10,892 |
|
|
Company Name |
Amount |
Statement Date |
|
|
Allied Tanks & Fabrications Limited |
£10,651 |
10/02/2014 |
|
|
Tryang Jig & Gauge Co Limited |
£241 |
04/01/2010 |
|
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Alan David Street |
23 |
16 |
|
Alan David Street |
23 |
16 |
|
Martin Guy Boulter |
12 |
4 |
|
Graham Strachan Robinson Lamb |
2 |
4 |
|
Christopher John Fisher |
2 |
2 |
|
Keith William Martin |
0 |
8 |
|
Keith William Martin |
0 |
8 |
|
James Biddle |
0 |
3 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.99 |
|
|
1 |
Rs.101.78 |
|
Euro |
1 |
Rs.73.47 |
|
GBP |
1 |
Rs.101.47 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
TPT |
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.