MIRA INFORM REPORT
|
Report No. : |
354875 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SALEM TUBE INTERNATIONAL LIMITED |
|
|
|
|
Registered Office : |
114-116 High Streetgosforthnewcastle Upon Tynene3
1HB |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2014 |
|
|
|
|
Date of Incorporation : |
20.01.1993 |
|
|
|
|
Com. Reg. No.: |
02781763 |
|
|
|
|
Legal Form : |
Private
limited with Share Capital |
|
|
|
|
Line of Business : |
·
A group engaged of supply of tube to the heat exchanger
industry. |
|
|
|
|
No. of Employee : |
27 |
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
SALEM TUBE
INTERNATIONAL LIMITED
Company
No
02781763
Registered
Address
114-116
HIGH STREETGOSFORTHNEWCASTLE UPON TYNENE3 1HB
Company
Summary
Registered
Address
114-116
HIGH STREET
GOSFORTH
NEWCASTLE UPON TYNE
NE3 1HB
Trading
Address
114-116
High Street
Gosforth
Newcastle Upon Tyne
Tyne and Wear
NE3 1HB
Regents Drive Low Prudhoe Industrial Estate Prudhoe
Northumberland NE42 6PX, United Kingdom
Website
Address http://www.salemtube.co.uk
Telephone
Number -
Fax
Number
TPS -
FPS Yes
Incorporation
Date 20/01/1993
Previous
Name DELVEBASIC LIMITED
Type Private limited with
Share Capital
FTSE
Index -
Date
of Change 04/03/1993
Filing
Date of Accounts 25/06/2015
Currency GBP
Share
Capital £2
SIC07 32990
Charity
Number -
SIC07
Description OTHER MANUFACTURING
N.E.C.
Principal
Activity A group engaged of
supply of tube to the heat exchanger industry.
Key
Financials
Year
to Date Turnover Pre Tax Profit Shareholder Funds
Employees
30/09/2014 £9,879,180 £569,988 £3,876,694 27
30/09/2013 £10,933,591 £422,683 £3,483,606 29
30/09/2012 £11,685,868 £1,110,063 £3,336,441 5
Mortgage
Summary
Total
Mortgage 10
Outstanding 8
Satisfied 2
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 Medium company in respect of the rating/limit
generated. |
|
This
company's ratio of total liabilities to total assets indicates the presence
of moderate equity funding. |
|
This
company's return on total assets employed ratio indicates a relatively
efficient use of assets. |
|
This
company has made late payments on a medium percentage of invoices. |
|
This
company's bank loans and overdrafts (less cash) account for a moderate percentage
of short term liabilities. |
|
This
company trades in an industry with a lower level of corporate failures. |
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 |
1 |
|
Total
Current Secretaries |
1 |
|
Total
Previous Directors / Company Secretaries |
5 |
Current
Directors
|
Title |
Mr |
Function |
Director |
|
Name |
Howard
Ions |
Nationality |
British |
|
Date
of Birth |
09/1956 |
Present
Appointments |
2 |
|
Latest
Address |
13
Princes Court, Princes Street, Corbridge, Northumberland |
Appointment
Date |
04/02/1993 |
|
Post
Code |
NE45
5BZ |
||
Current
Company Secretary
|
Title |
Mr |
Function |
Company
Secretary |
|
Name |
Peter
John Coles |
Nationality |
British |
|
Date
of Birth |
07/1953 |
Present
Appointments |
2 |
|
Latest
Address |
55
Amberley Gardens, Newcastle Upon Tyne, Tyne & Wear |
Appointment
Date |
13/04/1993 |
|
Post
Code |
NE7
7JR |
Top
20 Shareholders
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
MR
HOWARD D. IONS |
GBP |
2 |
ORDINARY |
1 |
100 |
Financials
Profit
& Loss
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
(%) |
Y |
|
Turnover |
£9,879,180 |
-9.6% |
£10,933,591 |
-6.4% |
£11,685,868 |
35.6% |
£8,618,162 |
-1.9% |
£8,788,250 |
|
Export |
£6,698,118 |
-6.4% |
£7,158,044 |
-7.9% |
£7,773,563 |
- |
- |
- |
- |
|
Cost of Sales |
£7,979,070 |
-12.5% |
£9,115,851 |
-2.9% |
£9,385,404 |
34.1% |
£7,000,187 |
-0.3% |
£7,019,423 |
|
Gross Profit |
£1,900,110 |
4.5% |
£1,817,740 |
-21% |
£2,300,464 |
42.2% |
£1,617,975 |
-8.5% |
£1,768,827 |
|
Wages & Salaries |
£904,337 |
-4.8% |
£949,869 |
-1.5% |
£964,695 |
11.3% |
£866,711 |
48.4% |
£584,150 |
|
Directors Emoluments |
£93,793 |
-19% |
£115,803 |
-18.4% |
£141,917 |
-36.7% |
£224,223 |
804.6% |
£24,786 |
|
Operating Profit |
£639,194 |
25.7% |
£508,560 |
-54% |
£1,105,924 |
374.6% |
£233,040 |
-69.9% |
£773,611 |
|
Depreciation |
£129,698 |
-6.6% |
£138,913 |
-7.9% |
£150,793 |
-1.2% |
£152,684 |
0.2% |
£152,332 |
|
Audit Fees |
£11,500 |
- |
£11,500 |
27.8% |
£9,000 |
- |
£9,000 |
- |
£9,000 |
|
Interest Payments |
£74,219 |
-13.6% |
£85,922 |
542.5% |
£13,373 |
-85% |
£89,183 |
-22.8% |
£115,589 |
|
Pre Tax Profit |
£569,988 |
34.8% |
£422,683 |
-61.9% |
£1,110,063 |
671.6% |
£143,874 |
-78.1% |
£658,095 |
|
Taxation |
-£45,787 |
77.9% |
-£207,291 |
-105.8% |
-£100,701 |
34.6% |
-£153,955 |
-45.3% |
-£105,967 |
|
Profit After Tax |
£524,201 |
143.4% |
£215,392 |
-78.7% |
£1,009,362 |
999.9% |
-£10,081 |
-101.8% |
£552,128 |
|
Dividends Payable |
£90,000 |
24.1% |
£72,500 |
11.5% |
£65,000 |
- |
£65,000 |
-68.4% |
£205,968 |
|
Retained Profit |
£402,588 |
152.5% |
£159,439 |
-80.1% |
£800,777 |
730% |
-£127,113 |
-152.3% |
£243,072 |
Balance Sheet
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Tangible Assets |
£4,386,010 |
-1.2% |
£4,439,007 |
19.2% |
£3,722,506 |
-0.4% |
£3,737,423 |
-13.4% |
£4,317,220 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£4,386,010 |
-1.2% |
£4,439,007 |
19.2% |
£3,722,506 |
-0.4% |
£3,737,423 |
-13.4% |
£4,317,220 |
|
Stock |
£2,610,156 |
13.6% |
£2,298,313 |
-11.2% |
£2,587,083 |
121.9% |
£1,165,794 |
-16.1% |
£1,389,459 |
|
Trade Debtors |
£2,067,110 |
-33.5% |
£3,108,827 |
28.9% |
£2,412,701 |
1.4% |
£2,380,173 |
-33% |
£3,552,197 |
|
Cash |
£19,125 |
-82.3% |
£107,884 |
-72% |
£384,969 |
-12.6% |
£440,595 |
101.6% |
£218,587 |
|
Other Debtors |
£1,038,772 |
2% |
£1,018,563 |
5.9% |
£961,619 |
464.3% |
£170,423 |
-71.3% |
£593,372 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£5,735,163 |
-12.2% |
£6,533,587 |
2.9% |
£6,346,372 |
52.7% |
£4,156,985 |
-27.8% |
£5,753,615 |
|
Trade Creditors |
£1,611,649 |
-25.9% |
£2,175,113 |
-23.9% |
£2,858,582 |
104.5% |
£1,397,566 |
-42% |
£2,408,164 |
|
Bank Loans & Overdrafts |
£299,933 |
-38% |
£483,917 |
999.9% |
£18,139 |
-90.3% |
£186,699 |
999.9% |
£14,893 |
|
Other Short Term Finance |
£208,321 |
51.6% |
£137,409 |
- |
£137,409 |
-36.8% |
£217,263 |
-61% |
£556,618 |
|
Miscellaneous Current Liabilities |
£1,727,337 |
-18.1% |
£2,108,789 |
136.7% |
£890,734 |
-12.7% |
£1,020,689 |
-45.6% |
£1,877,579 |
|
Total Current Liabilities |
£3,847,240 |
-21.6% |
£4,905,228 |
25.6% |
£3,904,864 |
38.4% |
£2,822,217 |
-41.9% |
£4,857,254 |
|
Bank Loans & Overdrafts and LTL |
£2,697,172 |
-12.1% |
£3,067,677 |
7.8% |
£2,845,712 |
5.1% |
£2,706,376 |
6.9% |
£2,531,997 |
|
Other Long Term Finance |
£1,650,693 |
2.9% |
£1,604,260 |
-4.7% |
£1,684,072 |
-4.4% |
£1,761,363 |
-4% |
£1,835,003 |
|
Total Long Term Liabilities |
£2,397,239 |
-7.2% |
£2,583,760 |
-8.6% |
£2,827,573 |
12.2% |
£2,519,677 |
0.1% |
£2,517,104 |
.
Capital & Reserves
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Called Up Share Capital |
£2 |
- |
£2 |
- |
£2 |
- |
£2 |
- |
£2 |
|
P & L Account Reserve |
£3,829,192 |
11.7% |
£3,426,604 |
4.9% |
£3,267,165 |
32.5% |
£2,466,388 |
-4.9% |
£2,593,501 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
£47,500 |
-16.7% |
£57,000 |
-17.7% |
£69,274 |
-19.6% |
£86,124 |
-16.4% |
£102,974 |
|
Shareholder Funds |
£3,876,694 |
11.3% |
£3,483,606 |
4.4% |
£3,336,441 |
30.7% |
£2,552,514 |
-5.3% |
£2,696,477 |
Other Financial Items
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Net Worth |
£3,876,694 |
11.3% |
£3,483,606 |
4.4% |
£3,336,441 |
30.7% |
£2,552,514 |
-5.3% |
£2,696,477 |
|
Working Capital |
£1,887,923 |
15.9% |
£1,628,359 |
-33.3% |
£2,441,508 |
82.9% |
£1,334,768 |
48.9% |
£896,361 |
|
Total Assets |
£10,121,173 |
-7.8% |
£10,972,594 |
9% |
£10,068,878 |
27.5% |
£7,894,408 |
-21.6% |
£10,070,835 |
|
Total Liabilities |
£6,244,479 |
-16.6% |
£7,488,988 |
11.2% |
£6,732,437 |
26% |
£5,341,894 |
-27.6% |
£7,374,358 |
|
Net Assets |
£3,876,694 |
11.3% |
£3,483,606 |
4.4% |
£3,336,441 |
30.7% |
£2,552,514 |
-5.3% |
£2,696,477 |
Cash Flow
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Net Cashflow from Operations |
£554,411 |
-31.8% |
£812,776 |
999.9% |
£25,424 |
-93.1% |
£369,713 |
192.1% |
£126,563 |
|
Net Cashflow before Financing |
£143,911 |
132% |
-£449,366 |
-75.1% |
-£256,599 |
-130.8% |
£832,838 |
307.5% |
-£401,337 |
|
Net Cashflow from Financing |
£24,310 |
113.4% |
-£181,959 |
-144.5% |
£408,980 |
158.1% |
-£703,640 |
-142.2% |
£1,666,624 |
|
Increase in Cash |
£168,221 |
126.6% |
-£631,325 |
-514.3% |
£152,381 |
17.9% |
£129,198 |
-89.8% |
£1,265,287 |
Miscellaneous
|
Date Of Accounts |
30/09/14 |
(%) |
30/09/13 |
(%) |
30/09/12 |
(%) |
30/09/11 |
(%) |
30/09/10 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
NO |
- |
NO |
|
Capital Employed |
£6,273,933 |
3.4% |
£6,067,366 |
-1.6% |
£6,164,014 |
21.5% |
£5,072,191 |
-2.7% |
£5,213,581 |
|
Number of Employees |
27 |
-6.9% |
29 |
480% |
5 |
-80% |
25 |
13.6% |
22 |
|
Accountants |
|||||||||
|
Auditors |
MANOR CLOSE LIMITED |
||||||||
|
Auditor Comments |
The audit report contains no adverse
comments |
||||||||
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
Bank Branch Code |
20-40-09 |
||||||||
Ratios
|
Date Of Accounts |
30/09/14 |
30/09/13 |
30/09/12 |
30/09/11 |
30/09/10 |
|
Pre-tax profit margin % |
5.77 |
3.87 |
9.50 |
1.67 |
7.49 |
|
Current ratio |
1.49 |
1.33 |
1.63 |
1.47 |
1.18 |
|
Sales/Net Working Capital |
5.23 |
6.71 |
4.79 |
6.46 |
9.80 |
|
Gearing % |
69.60 |
88.10 |
85.30 |
106 |
93.90 |
|
Equity in % |
38.30 |
31.70 |
33.10 |
32.30 |
26.80 |
|
Creditor Days |
59.38 |
72.41 |
89.04 |
59.02 |
99.74 |
|
Debtor Days |
76.16 |
103.49 |
75.15 |
100.52 |
147.12 |
|
Liquidity/Acid Test |
0.81 |
0.86 |
0.96 |
1.05 |
0.89 |
|
Return On Capital Employed % |
9.08 |
6.96 |
18 |
2.83 |
12.62 |
|
Return On Total Assets Employed % |
5.63 |
3.85 |
11.02 |
1.82 |
6.53 |
|
Current Debt Ratio |
0.99 |
1.40 |
1.17 |
1.10 |
1.80 |
|
Total Debt Ratio |
1.61 |
2.14 |
2.01 |
2.09 |
2.73 |
|
Stock Turnover Ratio % |
26.42 |
21.02 |
22.13 |
13.52 |
15.81 |
|
Return on Net Assets Employed % |
14.70 |
12.13 |
33.27 |
5.63 |
24.40 |
Report
Notes
There
are no notes to display.
Status
History
No
Status History found
Event
History
|
Date |
Description |
|
25/11/2015 |
Payment
Data Update Recieved |
|
20/11/2015 |
Payment
Data Update Recieved |
|
11/08/2015 |
Payment
Data Update Recieved |
|
17/07/2015 |
Payment
Data Update Recieved |
|
15/07/2015 |
Payment
Data Update Recieved |
|
07/07/2015 |
Payment
Data Update Recieved |
|
03/07/2015 |
New
Accounts Filed |
|
03/07/2015 |
New
Accounts Filed |
|
27/01/2015 |
Annual
Returns |
|
26/03/2014 |
New
Accounts Filed |
|
26/03/2014 |
New
Accounts Filed |
|
25/01/2014 |
Annual
Returns |
|
13/02/2013 |
New
Accounts Filed |
|
13/02/2013 |
New
Accounts Filed |
|
31/01/2013 |
Annual
Returns |
Previous
Company Names
|
Date |
Previous
Name |
|
04/03/1993 |
DELVEBASIC
LIMITED |
Writ
Details
No
writs found
Statistics
|
Group |
2
companies |
|
Linkages |
0
companies |
|
Countries |
In
0 countries |
Summary
|
Holding
Company |
SALEM
TUBE INTERNATIONAL LIMITED |
|
Ownership
Status |
Ultimately
Owned |
|
Ultimate
Holding Company |
SALEM
TUBE INTERNATIONAL LIMITED |
Group
Structure
|
Company
Name |
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
|
02781763 |
30.09.2014 |
Y |
£9,879,180 |
|
|
04112765 |
30.09.2014 |
N |
Mortgage
Details
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
29/05/15 |
||
|
Date
Charge Registered: |
18/06/15 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC; |
||
|
Amount
Secured: |
|||
|
Details: |
LAND
AND BUILDING AT REGENTS DRIVE LOW PRUDHOE INDUSTRIAL ESTATE PRUDHOECONTAINS
NEGATIVE PLEDGE. |
||
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
07/11/13 |
||
|
Date
Charge Registered: |
08/11/13 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC; |
||
|
Amount
Secured: |
|||
|
Details: |
LEASEHOLD
PROPERTY AT 7 CASTLE GARTH 2 THE WYNDING BAMBURGH TITLE NO
ND166321NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE. |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
09/08/12 |
||
|
Date
Charge Registered: |
18/08/12 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
PREMIER
PENSION TRUSTEES LIMITED LYNNE MARIE IONS HOWARD IONS |
||
|
Amount
Secured: |
£486,271
DUE OR TO BECOME DUE |
||
|
Details: |
ALL
STOCK IN TRADE AND RAW MATERIALS BELONGING TO THE COMPANY FROM TIME TO TIME |
||
|
Mortgage
Type: |
LEGAL
CHARGE |
||
|
Date
Charge Created: |
01/12/09 |
||
|
Date
Charge Registered: |
02/12/09 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
F/H
NEW FACTORY UNIT, REGENTS DRIVE, LOW PRUDHOE INDUSTRIAL ESTATE, PRUDHOE, NORTHUMBERLAND |
||
|
Mortgage
Type: |
FIXED
& FLOATING CHARGE |
||
|
Date
Charge Created: |
22/05/09 |
||
|
Date
Charge Registered: |
02/06/09 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
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: |
GUARANTEE
& DEBENTURE |
||
|
Date
Charge Created: |
17/09/03 |
||
|
Date
Charge Registered: |
26/09/03 |
||
|
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 SALEM TUBE BENDING
LIMITED TO THE CHARGEE ONANY 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
CHARGE |
||
|
Date
Charge Created: |
06/06/03 |
||
|
Date
Charge Registered: |
17/06/03 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
THE
FREEHOLD PROPERTY KNOWN AS 8 REGENTDRIVE LOW PRUDHOW INDUSTRIAL ESTATE
PRUDHOE NORTHUMBERLAND |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
02/06/03 |
||
|
Date
Charge Registered: |
09/06/03 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
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: |
MORTGAGE
DEBENTURE |
||
|
Date
Charge Created: |
28/06/95 |
||
|
Date
Charge Registered: |
06/07/95 |
||
|
Date
Charge Satisfied: |
17/11/08 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
NATIONAL
WESTMINSTER BANK PLC |
||
|
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: |
LEGAL
MORTGAGE |
||
|
Date
Charge Created: |
01/06/94 |
||
|
Date
Charge Registered: |
08/06/94 |
||
|
Date
Charge Satisfied: |
18/02/04 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
NATIONAL
WESTMINSTER BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
THE
FREEHOLD PROPERTY K/A CHURCH STREETINDUSTRIAL ESTATE HAYDON BRIDGE HEXHAM
NORTHUMBERLAND AND THEPROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE
PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT
OF THEGOODWILL AND CONNECTION OF ANY BUSINESSTOGETHER WITH THEFULL BENEFIT OF
ALL LICENCES |
||
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Ann
Warwick Duncan Turner |
0 |
1 |
|
Alastair
James Turner |
0 |
1 |
|
Howard
Ions |
2 |
2 |
|
INSTANT
COMPANIES LIMITED |
2431 |
120340 |
|
SWIFT
INCORPORATIONS LIMITED |
2579 |
263489 |
|
Average
Invoice Value |
£147.39 |
|
|
Invoices
available |
212 |
|
|
Paid |
197 |
|
|
Outstanding |
15 |
|
|
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 |
41 |
117 |
36 |
1 |
2 |
|
Outstanding |
0 |
10 |
5 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.65 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.72.33 |
|
GBP |
1 |
Rs. 99.21 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.