|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
EUROPEAN METAL RECYCLING
LIMITED |
|
|
|
|
Formerly Known As : |
NOBLEDRIFT LIMITED |
|
|
|
|
Registered Office : |
Sirius House, Delta Crescent Westbrook Warrington Cheshire, WA5 7NS |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
02.08.1994 |
|
|
|
|
Com. Reg. No.: |
02954623 |
|
|
|
|
Legal Form : |
Private Limited with share Capital |
|
|
|
|
Line of Business : |
· A group engaged and its subsidiary is in the recycling of ferrous and non-ferrous metals. · Recycling non-metal waste & scrap ·
Recovery of sorted materials |
|
|
|
|
No. of Employees : |
2,927 |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
|
EUROPEAN METAL RECYCLING LIMITED |
Telephone |
+44 019 2571 5400 |
|
SIRIUS HOUSE |
Fax |
- |
|
DELTA CRESCENT WESTBROOK |
Website |
|
|
WARRINGTON |
|
|
|
CHESHIRE |
|
|
|
WA5 7NS |
|
|
|
United Kingdom |
|
|
|
Company Number: |
02954623 |
Status: |
Active - Accounts Filed |
|
Foundation: |
02/08/1994 |
|
|
Comments
The credit limit on this company has
risen 1.5% in comparison to the previously suggested credit limit. NetWorth
increased by 9.9% during the latest trading period. The company saw an increase
in their Cash Balance of 22.7% during the latest trading period. The audit
report contains no adverse comments.
CCJ recorded against the company. Sales
in the latest trading period decreased 11.7% on the previous trading period. A
6% decline in Total Assets occurred during the latest trading period. Pre-tax
profits decreased by 17.5% compared to the previous trading period.
There has been no significant change in
the company’s credit rating. No recent changes in directorship are recorded.
The company is part of a group. The company was established over 20 years ago.
Legal form
Private limited with Share Capital
Foundation
02/08/1994
Company No.
02954623
Previous Names
Date of Change Previous
Name
21/12/1994 NOBLEDRIFT
LIMITED
Shareholders
|
Name |
Currency |
Number of shares |
Share type |
Nominal value |
|
CLIVE SHEPPARD |
GBP |
1,298,800 |
ORDINARY A |
0.01 |
|
CLIVE SHEPPARD |
GBP |
9,000 |
ORDINARY B |
0.01 |
|
ROBERT SHEPPARD |
GBP |
10,800 |
ORDINARY B |
0.01 |
|
ROBERT SHEPPARD |
GBP |
402,400 |
ORDINARY A |
0.01 |
|
ROBIN SHEPPARD |
GBP |
1,298,800 |
ORDINARY A |
0.01 |
|
ROBIN SHEPPARD |
GBP |
1,500 |
ORDINARY B |
0.01 |
|
TREVOR SHEPPARD |
GBP |
1,298,800 |
ORDINARY A |
0.01 |
|
TREVOR SHEPPARD |
GBP |
8,445 |
ORDINARY B |
0.01 |
|
TRUSTEES OF
CHILDREN OF P.R. (PHILLIP) SHEPPARD
TRUST |
GBP |
201,200 |
ORDINARYA |
0.01 |
|
TRUSTEES OF
CHILDREN OF T.J. (TREVOR) SHEPPARD
TRUST |
GBP |
201,200 |
ORDINARYA |
0.01 |
|
TRUSTEES OF CLIVE
SHEPPARD CHILDREN'S
SETTLEMENT TRUST |
GBP |
1,000,000 |
ORDINARYA |
0.01 |
|
TRUSTEES OF PHILLIP
SHEPPARD CHILDREN'S
SETTLEMENT TRUST |
GBP |
1,000,000 |
ORDINARYA |
0.01 |
|
TRUSTEES OF PHILLIP
SHEPPARD SETTLED LEGACY
TRUST |
GBP |
1,298,800 |
ORDINARYA |
0.01 |
|
TRUSTEES OF PHILLIP
SHEPPARD SETTLED LEGACY TRUST |
GBP |
12,855 |
ORDINARYB |
0.01 |
|
TRUSTEES OF ROBIN
SHEPPARD CHILDREN'S
SETTLEMENT TRUST |
GBP |
1,000,000 |
ORDINARYA |
0.01 |
|
TRUSTEES OF TREVOR SHEPPARD CHILDREN'S SETTLEMENT TRUST |
GBP |
1,000,000 |
ORDINARYA |
0.01 |
|
Total
Share Capital |
GBP
100,426 |
|
|
|
Management
|
Directors |
||||
|
Name |
Address: |
Date
of birth |
Nationality |
Appointment date |
|
Mr Robin Sheppard |
Sirius House Delta
Crescent, Westbrook, Warrington, Cheshire WA5 7NS |
04/08/1954 |
British |
26/09/1994 |
|
Mr Colin David Iles |
Sirius House Delta
Crescent, Westbrook, Warrington, Cheshire WA5 7NS |
04/09/1944 |
British |
29/11/1994 |
|
Mr Edward Scott Pysden |
Sirius House, Delta
Crescent Westbrook, Warrington, Cheshire WA5 7NS |
06/05/1948 |
British |
27/10/2010 |
|
Mr Christopher
Phillip Sheppard |
Sirius House Delta
Crescent, Westbrook, Warrington, Cheshire WA5 7NS |
07/07/1974 |
British |
20/11/2007 |
|
Company
Secretary |
||
|
Name |
Address: |
Appointment date |
|
Mr Christopher John Tinsley |
Sirius
House, Delta Crescent Westbrook, Warrington, Cheshire WA5 7NS |
20/05/2010 |
Other known addresses
100
Carpenters Road, London E15 2DU
106 Scrubs Lane,
London NW10 6QY
11 Paterson Street,
Dundee, Angus DD3 6QR
1200 Blueprint, Dundas
Spur, Portsmouth, Hampshire PO3 5RN
1316 Berth Tilbury
Docks, Tilbury, Essex RM18 7EH
15 Buckland Road, Pen
Mill Trading Estate, Yeovil, Somerset BA21 5HA
25 Knowsthorpe Way,
Leeds, West Yorkshire LS9 0SW
465a Brook Lane,
Birmingham, West Midlands B13 0BT
53 Pontefract Road,
Leeds, West Yorkshire LS10 1SP
89a High Street,
Worthing, West Sussex BN11 1DJ
Alcester
Street, Lenton Lane Industrial Estate, Nottingham, Nottinghamshire NG7 2SF
Alexandra Building, Branch Dock 1, Alexandra Dock, Bootle, Merseyside L20 1BX
Bilston Road, Wolverhampton, West Midlands WV2 2HU Bridge House, Gipsy Lane,
Swindon, Wiltshire SN2 8DZ
Byard
Road, Gloucester, Gloucestershire GL2 5DF
C
& A, Bidder Street, London E16 4ST
Cauldwell
Walk, Bedford, Bedfordshire MK42 9DT
Dowlais
Wharf, Roath Dock, Cardiff, South Glamorgan CF10 4ED
E M
R, Irlam Street, Manchester M40 2BP
East
Twyn Road, Belfast BT3 9EN
Endeavour
Way, Croydon, Surrey CR0 4TR
Europa
Works, Woodbine Terrace, Sunderland, Tyne and Wear SR4 6TY
Fordham
Road, Snailwell, Newmarket, Suffolk CB8 7ND
Gate
23, Chequers Lane, Dagenham, Essex RM9 6QD
Grandstand
Works, Herries Road South, Sheffield, South Yorkshire S6 1QG
Greenbank
Works, Gorse Street, Blackburn, Lancashire BB1 3EU
Harvey
Reeves Road, Northampton, Northamptonshire NN5 5JR
Heath
Road, Wednesbury, West Midlands WS10 8XL
Hill
Works, Downing Street, Smethwick, West Midlands B66 2PG
Kingston
Wharf, Brighton Road, Shoreham-by-sea, West Sussex BN43 6RN
Longbeck
Estate, Redcar, Cleveland TS11 6HB
Loxdale
Sidings, Loxdale Street, Bilston, West Midlands WV14 0TG
Manor
Road, Erith, Kent DA8 2AD
Pensbury
Place, Wandsworth Road, London SW8 4TR
Planetrees
Road, Bradford, West Yorkshire BD4 8AE
Princes
Street, Southampton, Hampshire SO14 5AP
Pytchley Lodge Industrial Estate, Pytchley Lodge Road,
Kettering, Northamptonshire NN15 6JQ
Rail Works Railway Sidings, Biggleswade, Bedfordshire SG18
8BD
Reginald Road Penlake Industrial Es, St Helens, Merseyside
WA9 4JA
Royal Portbury Dock, Bristol, Avon BS20 7XL
Sirius House, Delta Crescent, Westbrook, Warrington, Cheshire
WA5 7NS Springmead Works, Beeching Close, Chard, Somerset TA20 1BB Stevenson
Road, Sheffield, South Yorkshire S9 3XG Thames Wharf, Dock Road, London E16 1AF
The
Pumphouse, East Coast Road, Sheffield, South Yorkshire S9 3YD
Transport
Avenue, Brentford, Middlesex TW8 9HA
Trinity
Road, Kingsbury, Tamworth, Staffordshire B78 2LB
Tynedale
Works, Factory Road, Blaydon-on-tyne, Tyne and Wear NE21 5RZ
Uncouth
Road, Rochdale, Lancashire OL16 3DD
Victoria
Wharf, Plymouth, Devon PL4 0RF
Warwick
Road, Tyseley, Birmingham, West Midlands B11 2HL
Websters
Sidings, 274 Stoney Stanton Road, Coventry, West Midlands CV6 5DJ
West
Egerton Street, Salford, Lancashire M5 4DY
West
Quay, Tyne Dock, South Shields, Tyne and Wear NE34 9PL
Whitewall
Road, Medway City Estate, Rochester, Kent ME2 4DZ
|
Company
No. |
Name |
Status |
Country |
|
Affiliated
companies |
|||
|
00238931 |
COOPER BARNES
METALS LIMITED |
Non Trading |
United Kingdom |
|
00364122 |
MAYER PARRY (EAST
ANGLIA) LIMITED |
Non Trading |
United Kingdom |
|
00496831 |
SMITH AND COMPANY
(HOLDINGS) LIMITED |
Non Trading |
United Kingdom |
|
00507041 |
J.T. BROADHURST
& SONS LIMITED |
Non Trading |
United Kingdom |
|
00533750 |
C D JORDAN & SON
(TRANSPORT) LIMITED |
Non Trading |
United Kingdom |
|
00592563 |
MEON VALLEY METALS
LIMITED |
Non Trading |
United Kingdom |
|
00630903 |
CLEVELAND METALS
LIMITED |
Non Trading |
United Kingdom |
|
00789117 |
T.HOLLOWAY &
SONS(METALS)LIMITED |
Non Trading |
United Kingdom |
|
00977974 |
SCRAP
PROCESSING (PORTSMOUTH) LIMITED |
Non Trading |
United Kingdom |
|
01018817 |
EMR MIDLAND
SHREDDERS LIMITED |
Non Trading |
United Kingdom |
|
01041311 |
C.D. JORDAN &
SON LIMITED |
Non Trading |
United Kingdom |
|
01086344 |
T LETHBRIDGE
LIMITED |
Non Trading |
United Kingdom |
|
01115211 |
MAYER PARRY RECYCLING (HOLDINGS) LIMITED |
Non Trading |
United Kingdom |
|
01396282 |
SHEPPARD GROUP
LIMITED |
Non Trading |
United Kingdom |
|
01410724 |
SMITH AND COMPANY
(BEDFORD) LIMITED |
Non Trading |
United Kingdom |
|
01490038 |
SHEPPARDS WASTE
RECOVERY SERVICES (ROCHDALE) LIMITED |
Non Trading |
United Kingdom |
|
01607188 |
JORDANS (NEWHAVEN)
LIMITED |
Non Trading |
United Kingdom |
|
01647343 |
COOPERS HOLDINGS
LIMITED |
Non Trading |
United Kingdom |
|
01883741 |
EMR SHIPPING
LIMITED |
Non Trading |
United Kingdom |
|
01912355 |
JACKSON DUNN
LIMITED |
Non Trading |
United Kingdom |
|
02386884 |
ROBINSON SHIPPING
SERVICES LIMITED |
Non Trading |
United Kingdom |
|
02506721 |
MAYER PARRY
RECYCLING LIMITED |
Non Trading |
United Kingdom |
|
03084827 |
ISLAND RECYCLING
LIMITED |
Non Trading |
United Kingdom |
|
03478486 |
EMR EXPORTS LIMITED |
Non Trading |
United Kingdom |
|
03650781 |
EVER 1052 LIMITED |
Non Trading |
United Kingdom |
|
06243338 |
PREMIER GRANULES UK
LIMITED |
Non Trading |
United Kingdom |
|
00771444 |
E.BARNES
&CO.,LIMITED |
Non Trading |
United Kingdom |
|
00518811 |
COOPERS METALS
(HOLDINGS) LIMITED |
Non Trading |
United Kingdom |
|
SC093531 |
HENDERSON KERR (SCRAP PROCESSORS) LIMITED |
Non Trading |
United Kingdom |
|
00707119 |
ROBINSON GROUP LTD |
Non Trading |
United Kingdom |
|
Subsidiary
companies |
|||
|
00941219 |
MOUNTSTAR METAL
CORPORATION LIMITED |
Non Trading |
United Kingdom |
|
02329774 |
MOSSDALE METALS
(DURHAM CITY) LIMITED |
Non Trading |
United Kingdom |
|
07033301 |
INTERNATIONAL METAL
RECYCLING UK LIMITED |
Non Trading |
United Kingdom |
|
05689978 |
EUROPEAN METAL RECYCLING (INTERNATIONAL)
LIMITED |
Active |
United Kingdom |
|
05721603 |
EUROPEAN METAL
RECYCLING (USA) LIMITED |
Active |
United Kingdom |
|
05721604 |
EUROPEAN METAL
RECYCLING (DORMANT) LIMITED |
Active |
United Kingdom |
|
SC029189 |
HENDERSON
KERR LIMITED |
Non
Trading |
United
Kingdom |
|
03398932 |
MAYER
ENVIRONMENTAL LTD. |
Active |
United
Kingdom |
Main activity
|
Principal Activity |
A
group engaged and its subsidiary is in the recycling of ferrous and
non-ferrous metals. |
|
SIC03 |
Recycling
non-metal waste & scrap |
|
SIC07 |
Recovery
of sorted materials |
Turnover and Employees
|
Date
of Accounts |
Turnover |
Employees |
|
31/12/2011 |
GBP
3,032,254,000 |
2,448 |
|
31/12/2012 |
GBP
3,184,000,000 |
2,778 |
|
31/12/2013 |
GBP
2,810,000,000 |
2,927 |
Banks
|
Bank
Name |
Bank
Branch Sort Code |
|
HSBC
BANK PLC |
-- |
Auditor
Auditor Name
HSBC Bank PLC
Events
|
County
Court Judgments (CCJs) |
|||||
|
Date |
Amount |
Court |
Case
number |
Status |
Date
paid |
|
14/07/2011 |
GBP
613 |
BURNLEY |
1RA00381 |
Satisfied |
21/09/2011 |
Company History
|
Date |
Action |
|
16/03/2010 |
Annual
Returns |
|
24/05/2010 |
Mr
M.B. Hughes has resigned as company secretary |
|
24/05/2010 |
New
Company Secretary Mr C.J. Tinsley appointed |
|
18/08/2010 |
New
Board Member Mr C.P. Sheppard appointed |
|
04/10/2010 |
New
Accounts Filed |
|
04/10/2010 |
New
Accounts Filed |
|
01/12/2010 |
New
Board Member Mr E.S. Pysden appointed |
|
02/04/2011 |
Annual
Returns |
|
02/09/2011 |
Mr
P.R. Sheppard has left the board |
|
05/10/2011 |
New
Accounts Filed |
|
05/10/2011 |
New
Accounts Filed |
|
03/04/2012 |
Annual
Returns |
|
08/10/2012 |
New
Accounts Filed |
|
22/03/2013 |
Annual
Returns |
|
09/10/2013 |
New
Accounts Filed |
|
25/03/2014 |
Annual
Returns |
|
20/09/2014 |
New
Accounts Filed |
|
20/09/2014 |
New
Accounts Filed |
|
Mortgages |
|
|
Charge created |
29/11/1994 |
|
Charge registered |
14/12/1994 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
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 |
|
Mortgage detail |
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 |
|
|
|
|
Charge created |
29/11/1994 |
|
Charge registered |
08/12/1994 |
|
Status |
SATISFIED |
|
Entitled person |
ROBERT COOPER'THE PARTIES- |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE PURSUANT TO CLAUSE 3.5.1. OF A SHARE SALE AGREEMENT OF EVEN DATE |
|
Mortgage detail |
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 |
|
|
|
|
Charge created |
09/03/1996 |
|
Charge registered |
20/03/1996 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, L/B OF
NEWHAM |
|
|
|
|
Charge created |
09/03/1996 |
|
Charge registered |
20/03/1996 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, L/B OF
NEWHAM |
|
|
|
|
Charge created |
09/03/1996 |
|
Charge registered |
20/03/1996 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
LAND AND PREMISES AT CARPENTERS ROAD, STRATFORD, L/B OF
NEWHAM |
|
Charge created |
09/03/1996 |
|
Charge registered |
18/03/1996 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR
TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
F/H-LAND AND
BUILDINGS ON THE EAST SIDEOF UNCOUTH ROAD MILNROW ROCHDALE GREATER MANCHESTER
T/N-GM543302. F/H-LAND ON THE NORTH WEST SIDE OF TRINITY ROAD KINGSBURY
(NORTH) WARWICKSHIRE T/N- WK308647. F/H-LAND ON THE SOUTH EAST SIDE OF
BENTLEY ROAD SOUTH DARLASTON WEST MIDLANDS T/N-WM471486 SEE THE MORTGAGE
CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
09/11/1998 |
|
Charge registered |
18/11/1998 |
|
Status |
SATISFIED |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO
BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
ALL THAT THE
COMPANY§SHARE OF THE NETPROCEEDS OF SALE AND OF THE NET RENTS PROFITS TILL
SALE OF THE UNDERMENTIONED PROPERTY: 123 GYPSY LANE SWINDON WITLSHIRE T/N WT91703
AND ALL OTHER THE IN-TERESTOF THE COMPANY UNDER THE TRUST AFFECTING THE SAID
PROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
25/11/1999 |
|
Charge registered |
26/11/1999 |
|
Status |
SATISFIED |
|
Entitled person |
LLOYDS UDT LIMITED |
|
Secured amount |
THE PRINCIPAL SUM
OF GBP 415,512.19 DUE ORTO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
|
Mortgage detail |
A FIRST FIXED
CHARGER OVER 1 X HYUNDAI R2002-2 INDUSTRIAL WHEELED LOADING MACHINE C/W ARDEN
AE4100 R GRAB SERIAL NUMBER E0377 1 X FUCHS 350A SERIAL NUMBER 0299 SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
03/02/2000 |
|
Charge registered |
04/02/2000 |
|
Status |
SATISFIED |
|
Entitled person |
LLOYDS UDT LIMITED |
|
Secured amount |
THE PRINCIPAL SUM OF GBP
514,305.56 TOGETHER WITH INTEREST AND CHARGES THEREON DUEOR TO
BECOME DUE FROM THE COMPANY TO THE CHARGEE |
|
Mortgage detail |
A FIRST FIXED CHARGE OVER 1 X LIEBHERR R984C-EW S/N
624/2026 |
|
|
|
|
Charge created |
03/05/2000 |
|
Charge registered |
16/05/2000 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC INVESTMENT BANK PLC (THE "SECURITY TRUSTEE") |
|
Secured amount |
ALL PRESENT AND FUTURE MONEYS DEBTS
ANDLIABILITIES DUE OWING OR INCURRED BY ANY CHARGOR (INCLUDING THE COMPANY)
TO ANYFINANCE PARTY UNDER OR IN CONNECTION WITH ANY FINANCE DOCUMENT (IN EACH
CASE WHETHER ALONE OR JOINTLY OR JOINTLY AND SEVERALLY WITH ANY OTHER PERSON
WHETHER ACTUALLY OR CONTINGENTLY AND WHETHER AS PRINCIPAL SURETY OR
OTHERWISE)(ALL TERMS AS DEFINED) |
|
Mortgage detail |
LEGAL MORTGAGE ALL REAL PROPERTY IN
ENGLAND AND WALES (INCLUDING THAT DESCRIBEDIN SCHEDULE 1 TO THE 395)
BELONGING TO IT AT THE DATE OF THE DEBENTURE; FIXED EQUITABLE CHARGE ALL
OTHER REAL PROPERTY BELONGING TO IT AT THE DATE OF THE DEBENTURE AND ALL REAL
PROPERTY ACQUIRED BY IT THEREAFTER; AND FIXED CHARGE,ALL ITS PRESENT AND
FUTURE: (I) BOOK DEBTS;(II) BANK ACCOUNTS;(III) INVESTMENTS; (V) INSURANCES;
(V) UNCALLED CAPITAL AND GOODWILL; (VI) INTELLECTUAL PROPERTY; (VII) PLANT
AND MACHINERY. SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
04/05/2005 |
|
Charge registered |
09/05/2005 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC BANK PLC AS SECURITY
TRUSTEE FOR THE BENEFIT OF THE FINANCE PARTIES |
|
Secured amount |
ALL MONIES DUE OR
TO BECOME DUE FROM THE COMPANY TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE
CHARGE |
|
Mortgage detail |
BRIGHTON ROAD
SHOREHAM BY SEA T/NO WSX204686 AND WSX204687, THAMES WHARF BOW CREEK NEWHAM
T/NO EGL107110, LAND ON THE NORTH EAST OF EAST COAST ROAD ATTERCLIFFE
SHEFFIELD T/NO SYK233868 AND SYK241073 (FOR DETAILS OF FURTHER PROPERTIES CHARGED-
PLEASE REFER TO FORM 395) SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
|
|
|
Charge created |
03/03/2006 |
|
Charge registered |
09/03/2006 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC BANK PLC AS SECURITY
TRUSTEE FOR THE BENEFIT OF THE FINANCE PARTIES |
|
Secured amount |
ALL MONIES DUE OR
TO BECOME DUE FROM THE COMPANY TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE
CHARGE |
|
Mortgage detail |
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 |
|
|
|
|
Charge registered |
17/04/2007 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC BANK PLC AS
SECURITY TRUSTEE FOR THE BENEFIT OF THE FINANCE PARTIES |
|
Secured amount |
ALL MONIES DUE OR TO
BECOME DUE FROM THE COMPANY TO ANY FINANCE PARTY ON ANY ACCOUNT WHATSOEVER
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE
CHARGE |
|
Mortgage detail |
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 |
|
|
|
|
Charge created |
14/01/2009 |
|
Charge registered |
20/01/2009 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC BANK PLC
("SECURITY AGENT") |
|
Mortgage detail |
FIXED AND FLOATING
CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE,
INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT
AND MACHINERY SEE IM-AGEFOR FULL DETAILS |
|
|
|
|
Charge created |
08/05/2009 |
|
Charge registered |
20/05/2009 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC BANK PLC
(SECURITY AGENT) |
|
Mortgage detail |
ALL THE RIGHT TITLE
AND INTEREST IN ANDTO THE PROPERTY BEING THE L/H LAND LYING TO THE NORTH OF
LANDOR STREET, NECHELLS, WEST MIDLANDS, BIRMINGHAM T/NO WM569752 ALL
BUILDINGS AND FIXTURES AND FIXED PLANT AND MACHINERY, ALL EASEMENTS, RIGHTS
AND AGREEMENTS, THE BENEFIT OF ALL COVENANTS, SEE IMAGE FOR FULL DETAILS. |
|
|
|
|
Charge created |
09/03/2010 |
|
Charge registered |
12/03/2010 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC BANK PLC (THE
SECURITY AGENT) |
|
Mortgage detail |
F/H LAND AT UNIT 7 TRANSPORT
AVENUE BRENTFORD T/N NGL524776 AND ALL BUILDINGS AND
FIXTURES AND FIXED PLANT AND MACHINERY AND ALL EASEMENTS RIGHTS AND
AGREEMENTS SEE IMAGE FOR FULL DETAILS |
|
|
|
|
Charge created |
11/03/2010 |
|
Charge registered |
13/03/2010 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC BANK PLC (THE
SECURITY AGENT) |
|
Mortgage detail |
L/H LAND AT UNIT 1
DUNDAS CLOSE PORTSMOUTH T/N PM14710 AND ALL BUILDINGS AND FIXTURES AND FIXED
PLANT AND MACHINERY ANDALL EASEMENTS RIGHTS AND AGREEMENTS SEEIMAGE FOR FULL
DETAILS |
|
|
|
|
Charge created |
05/11/2010 |
|
Charge registered |
10/11/2010 |
|
Status |
SATISFIED |
|
Entitled person |
HSBC CORPORATE
TRUSTEE COMPANY (UK) LIMITED (THE "SECURITY AGENT"); |
|
Mortgage detail |
L/H LAND AT UNIT 1
DUNDAS CLOSE PORTSMOUTH T/NO PM14710,L/H LAND LYING TO THE NORTH OF LANDOR
STREET NECHELLS T/NO WM569752,F/H LAND LYING TO THE WEST SIDE OF CAULDWELL
WALK BEDFORD T/NO BD 119137(FOR FURTHER DETAILS OF SECURITY ASSETS PLEASE
REFER TO FORM MG01) FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOK DEBTS,
UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT AND MACHINERY SEE IMAGE
FOR FULL DETAILS |
|
|
|
|
Charge created |
18/06/2012 |
|
Charge registered |
26/06/2012 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC CORPORATE
TRUSTEE COMPANY (UK) LIMITED; |
|
Mortgage detail |
F/H LAND LYING TO THE
SOUTH OF STATION ROAD, BIGGLESWADE T/NO BD213861. F/H LAND BEING HOBSON
INDUSTRIAL ESTATE, BURNOPFIELD T/NO DU184392. F/H LAND BEING LANDAND
BUILDINGS LYING TO THE SOUTH OF STATION ROAD, BIGGLESWADE T/NO'S BD228640,
BD182158. FOR FURTHER DETAILS OF PROPERTY CHARGED PLEASE REFER TO FORM MG01 |
|
|
|
|
Charge created |
08/08/2012 |
|
Charge registered |
24/08/2012 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC CORPORATE
TRUSTEE COMPANY (UK) LIMITED (AS SECURITY TRUSTEE FOR THE SECURED PARTIES)
(THE |
|
Secured amount |
ALL MONIES DUE OR
TO BECOME DUE FROM EACH PRESENT OR FUTURE MEMBER OF THE
GROUPTO THE SECURITY AGENT AND/OR THE OTHER SECURED PARTIES (OR ANY OF THEM)
ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE
AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage detail |
ALL AND WHOLE THE
PROPERTY BEING AREA OF GROUND ON THE EAST SIDE OF KIRKLEE MOSSEND BELLSHILL
T/N LAN203454 |
PROFIT & LOSS
|
|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Turnover |
2,810,000,000 |
3,184,000,000 |
3,032,254,000 |
2,431,157,000 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
2,439,000,000 |
2,811,000,000 |
2,605,411,000 |
1,987,714,000 |
|
Gross Profit |
371,000,000 |
373,000,000 |
426,843,000 |
443,443,000 |
|
Wages And Salaries |
102,000,000 |
92,000,000 |
89,388,000 |
85,265,000 |
|
Directors
Emoluments |
1,800,000 |
5,060,000 |
3,713,000 |
5,956,000 |
|
Operating
Profit |
73,000,000 |
81,000,000 |
132,125,000 |
148,782,000 |
|
Depreciation |
38,000,000 |
38,000,000 |
35,217,000 |
33,548,000 |
|
Audit Fees |
470,000 |
420,000 |
130,000 |
140,000 |
|
Interests Payments |
27,000,000 |
20,000,000 |
14,209,000 |
10,793,000 |
|
Pre Tax Profit |
47,000,000 |
57,000,000 |
115,958,000 |
155,101,000 |
|
Taxation |
-11,000,000 |
-21,000,000 |
-33,907,000 |
-53,687,000 |
|
Profit After Tax |
36,000,000 |
36,000,000 |
82,051,000 |
101,414,000 |
|
Dividends Payable |
1,000,000 |
2,000,000 |
0 |
0 |
|
Retained Profit |
32,000,000 |
30,000,000 |
81,656,000 |
101,414,000 |
BALANCE SHEET
|
|
31/12/2013 52 GBP
Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP
Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Tangible Assets |
375,000,000 |
363,000,000 |
357,112,000 |
324,432,000 |
|
Intangible Assets |
112,000,000 |
138,000,000 |
161,303,000 |
158,209,000 |
|
Total
Fixed Assets |
487,000,000 |
501,000,000 |
518,415,000 |
482,641,000 |
|
Stock |
351,000,000 |
395,000,000 |
474,907,000 |
304,020,000 |
|
Trade Debtors |
184,000,000 |
294,000,000 |
285,379,000 |
245,604,000 |
|
Cash |
27,000,000 |
22,000,000 |
35,969,000 |
51,409,000 |
|
Other Debtors |
328,000,000 |
253,000,000 |
230,919,000 |
116,298,000 |
|
Miscellaneous
Current Assets |
0 |
0 |
0 |
32,000 |
|
Total
Current Assets |
890,000,000 |
964,000,000 |
1,027,174,000 |
717,363,000 |
|
Trade Creditors |
133,000,000 |
238,000,000 |
228,969,000 |
220,595,000 |
|
Bank Loans and
Overdraft |
204,000,000 |
157,000,000 |
260,310,000 |
7,987,000 |
|
Other Short Term
Finance |
35,000,000 |
36,000,000 |
31,405,000 |
21,672,000 |
|
Miscellaneous
Current Liabilities |
89,000,000 |
111,000,000 |
92,191,000 |
95,965,000 |
|
Total
Current Liabilities |
461,000,000 |
542,000,000 |
612,875,000 |
346,219,000 |
|
Bank Loans and
Overdrafts LTL |
385,000,000 |
375,000,000 |
520,660,000 |
267,431,000 |
|
Other Long Term
Finance |
126,000,000 |
155,000,000 |
182,411,000 |
199,202,000 |
|
Total
Long Term Liabilities |
181,000,000 |
218,000,000 |
260,350,000 |
259,444,000 |
CAPITAL AND RESERVE
|
|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Called
Up Share Capital |
0 |
0 |
101,000 |
101,000 |
|
P
and L Account Reserve |
724,000,000 |
694,000,000 |
660,109,000 |
582,086,000 |
|
Revaluation
Reserve |
0 |
0 |
4,128,000 |
4,128,000 |
|
Sundry
Reserves |
11,000,000 |
11,000,000 |
8,026,000 |
8,026,000 |
|
Shareholders
Funds |
735,000,000 |
705,000,000 |
672,364,000 |
594,341,000 |
OTHER FINANCIAL ITEMS
|
|
31/12/2013 52 GBP
Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP
Group: Yes |
31/12/2010 52 GBP
Group: Yes |
|
Net
Worth |
623,000,000 |
567,000,000 |
511,061,000 |
436,132,000 |
|
Working
Capital |
429,000,000 |
422,000,000 |
414,299,000 |
371,144,000 |
|
Total
Assets |
1,377,000,000 |
1,465,000,000 |
1,545,589,000 |
1,200,004,000 |
|
Total
Liabilities |
642,000,000 |
760,000,000 |
873,225,000 |
605,663,000 |
|
Net
Assets |
735,000,000 |
705,000,000 |
672,364,000 |
594,341,000 |
CASH FLOW
|
|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Net
Cash Flow from Operations |
86,000,000 |
212,000,000 |
-95,047,000 |
131,058,000 |
|
Net
Cash Flow before Financing |
-17,000,000 |
107,000,000 |
-243,361,000 |
20,358,000 |
|
Net
Cash Flow from Financing |
-27,000,000 |
-20,000,000 |
-21,578,000 |
46,196,000 |
|
Increase
in Cash |
5,000,000 |
-13,969,000 |
-15,440,000 |
39,388,000 |
MISCELLANEOUS
|
|
31/12/2013 52 GBP Group: Yes |
31/12/2012 52 GBP Group: Yes |
31/12/2011 52 GBP Group: Yes |
31/12/2010 52 GBP Group: Yes |
|
Capital
Employed |
916,000,000 |
923,000,000 |
932,714,000 |
853,785,000 |
FINANCIAL RATIO
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Pre
Tax Profit Margin |
1.67 % |
1.79 % |
3.82 % |
6.38 % |
|
Current
Ration |
1.93 |
1.78 |
1.68 |
2.07 |
|
Sales
or Net Working Capital |
6.55 |
7.55 |
7.32 |
6.55 |
|
Gearing |
52.38 % |
53.19% |
77.44 % |
45.00 % |
|
Equity |
58.10% |
53.13% |
48.57 % |
57.05 % |
|
Creditor
Days |
17.22 |
27.20 |
27.48 |
33.02 |
|
Debtor
Days |
23.83 |
33.61 |
34.25 |
36.77 |
|
Liquidity
or Acid test |
1.16 |
1.04 |
0.90 |
1.19 |
|
Return
on Capital Employed |
5.13% |
6.17% |
12.43% |
18.16% |
|
Return
on Total Assets Employed |
3.41 % |
3.89 % |
7.50 % |
12.92% |
|
Current
Debt Ratio |
0.62 % |
0.76 % |
0.91 % |
0.58 % |
|
Total
Debt Ratio |
0.87 % |
1.07 % |
1.29 % |
1.01 % |
|
Stock
Turnover Ratio |
12.49 % |
12.40 % |
15.66% |
12.50% |
|
Return
on Net Assets Employed |
6.39 % |
8.08 % |
17.24% |
26.09 % |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.