MIRA INFORM REPORT
|
Report No. : |
301771 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
CLAYTON FINANCE LIMITED |
|
|
|
|
Formerly Known As : |
CLAYTON PROPERTY AND FINANCE LIMITED |
|
|
|
|
Registered Office : |
Highlight House, First Floor, 57 Margret Street, London W1W 8SJ |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
05.10.1978 |
|
|
|
|
Com. Reg. No.: |
01392635 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
· Wholesale of Metal and Metal Ores · Trading and Export of Raw Materials and Finished Products. |
|
|
|
|
No. of Employees : |
9 |
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 |
REGISTERED
NAME & COMPANY SUMMARY
Company Name: Clayton Finance Limited
Company No.: 01392635
Company Status: Active- Accounts Filed
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Sanjay Datwani |
Date of Birth |
06/02/1973 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
10 |
Function |
Director |
|
Appointment Date |
24/08/1994 |
|
|
|
Address |
Highlight House First Floor, 57 Margaret Street, London,
W1W 8SJ |
||
NEGATIVE
INFORMATION
CCJ
|
Total Number of Exact CCJs - |
0 |
Total Value of Exact CCJs - |
|
|
Total Number of Possible CCJs - |
0 |
Total Value of Possible CCJs - |
|
|
Total Number of Satisfied CCJs - |
0 |
Total Value of Satisfied CCJs - |
|
|
Total Number of Writs - |
- |
|
|
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
SANJAY DATWANI |
GBP |
102,000 |
ORDINARY |
1 |
51 |
|
EMRICK RESOURCES LTD |
GBP |
98,000 |
ORDINARY |
1 |
49 |
GROUP STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
No group structure
FINANCIAL
INFORMATION
Profit & Loss
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£20,663,908 |
-1.2% |
£20,921,387 |
27.8% |
£16,371,259 |
48.2% |
£11,046,178 |
11.3% |
£9,924,599 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£18,843,638 |
-2.5% |
£19,331,881 |
30.3% |
£14,836,892 |
54.6% |
£9,597,863 |
10.8% |
£8,659,996 |
|
Gross Profit |
£1,820,270 |
14.5% |
£1,589,506 |
3.6% |
£1,534,367 |
5.9% |
£1,448,315 |
14.5% |
£1,264,603 |
|
Wages & Salaries |
£251,585 |
2.5% |
£245,525 |
-3.9% |
£255,590 |
4.8% |
£243,814 |
4.8% |
£232,731 |
|
Directors Emoluments |
£36,382 |
-34.8% |
£55,822 |
26.1% |
£44,260 |
-51% |
£90,397 |
1.2% |
£89,318 |
|
Operating Profit |
£350,679 |
33.8% |
£262,072 |
6.5% |
£246,093 |
-15.8% |
£292,430 |
43.3% |
£204,136 |
|
Depreciation |
£2,785 |
-58.3% |
£6,677 |
-54.2% |
£14,575 |
3.5% |
£14,084 |
-16% |
£16,770 |
|
Audit Fees |
£11,000 |
15.8% |
£9,500 |
11.8% |
£8,500 |
- |
£8,500 |
- |
£8,500 |
|
Interest Payments |
£8,591 |
-26% |
£11,616 |
-10.3% |
£12,953 |
-16.3% |
£15,480 |
269.5% |
£4,189 |
|
Pre Tax Profit |
£399,070 |
46.6% |
£272,134 |
8.6% |
£250,674 |
16.9% |
£214,503 |
-8% |
£233,133 |
|
Taxation |
-£86,429 |
-18.1% |
-£73,195 |
-28.8% |
-£56,810 |
-5.7% |
-£53,748 |
-1.8% |
-£52,773 |
|
Profit After Tax |
£312,641 |
57.2% |
£198,939 |
2.6% |
£193,864 |
20.6% |
£160,755 |
-10.9% |
£180,360 |
|
Dividends Payable |
£120,000 |
-33.3% |
£180,000 |
80% |
£100,000 |
25% |
£80,000 |
60% |
£50,000 |
|
Retained Profit |
£192,641 |
917.2% |
£18,939 |
-79.8% |
£93,864 |
16.2% |
£80,755 |
-38.1% |
£130,360 |
Balance Sheet
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Tangible Assets |
£5,091 |
-22.9% |
£6,603 |
-68.3% |
£20,855 |
-30.1% |
£29,840 |
-73.1% |
£110,943 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£5,091 |
-22.9% |
£6,603 |
-68.3% |
£20,855 |
-30.1% |
£29,840 |
-73.1% |
£110,943 |
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade Debtors |
£2,931,712 |
3.6% |
£2,828,473 |
-11% |
£3,178,612 |
18.2% |
£2,689,975 |
110.1% |
£1,280,608 |
|
Cash |
£2,295,229 |
-0.3% |
£2,302,195 |
44.9% |
£1,588,578 |
-8.1% |
£1,727,778 |
19% |
£1,451,536 |
|
Other Debtors |
£1,399,987 |
-9.1% |
£1,540,581 |
73.2% |
£889,501 |
7.9% |
£824,346 |
-25.1% |
£1,099,928 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£6,626,928 |
-0.7% |
£6,671,249 |
17.9% |
£5,656,691 |
7.9% |
£5,242,099 |
36.8% |
£3,832,072 |
|
Trade Creditors |
£3,364,283 |
-11% |
£3,778,604 |
29.8% |
£2,911,796 |
10.2% |
£2,641,736 |
89.1% |
£1,396,738 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
-100% |
£6,813 |
-25% |
£9,083 |
- |
£9,083 |
|
Miscellaneous Current Liabilities |
£452,230 |
63.6% |
£276,383 |
78.3% |
£155,011 |
48.7% |
£104,245 |
13.3% |
£91,991 |
|
Total Current Liabilities |
£3,816,513 |
-5.9% |
£4,054,987 |
31.9% |
£3,073,620 |
11.6% |
£2,755,064 |
83.9% |
£1,497,812 |
|
Bank Loans & Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
-100% |
£6,813 |
-57.1% |
£15,896 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
-100% |
£6,813 |
-57.1% |
£15,896 |
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
-100% |
£6,813 |
-57.1% |
£15,896 |
Capital &
Reserves
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Called Up Share Capital |
£200,000 |
- |
£200,000 |
- |
£200,000 |
- |
£200,000 |
- |
£200,000 |
|
P & L Account Reserve |
£2,615,506 |
8% |
£2,422,865 |
0.8% |
£2,403,926 |
4.1% |
£2,310,062 |
3.6% |
£2,229,307 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£2,815,506 |
7.3% |
£2,622,865 |
0.7% |
£2,603,926 |
3.7% |
£2,510,062 |
3.3% |
£2,429,307 |
Other Financial Items
|
aDate Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Net Worth |
£2,815,506 |
7.3% |
£2,622,865 |
0.7% |
£2,603,926 |
3.7% |
£2,510,062 |
3.3% |
£2,429,307 |
|
Working Capital |
£2,810,415 |
7.4% |
£2,616,262 |
1.3% |
£2,583,071 |
3.9% |
£2,487,035 |
6.5% |
£2,334,260 |
|
Total Assets |
£6,632,019 |
-0.7% |
£6,677,852 |
17.6% |
£5,677,546 |
7.7% |
£5,271,939 |
33.7% |
£3,943,015 |
|
Total Liabilities |
£3,816,513 |
-5.9% |
£4,054,987 |
31.9% |
£3,073,620 |
11.3% |
£2,761,877 |
82.5% |
£1,513,708 |
|
Net Assets |
£2,815,506 |
7.3% |
£2,622,865 |
0.7% |
£2,603,926 |
3.7% |
£2,510,062 |
3.3% |
£2,429,307 |
Cash Flow
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Net Cashflow from Operations |
£122,879 |
-86.7% |
£926,560 |
999.9% |
£39,597 |
-90.8% |
£428,727 |
18.7% |
£361,250 |
|
Net Cashflow before Financing |
-£6,966 |
-101% |
£720,430 |
653.7% |
-£130,117 |
-145.6% |
£285,325 |
88.9% |
£151,052 |
|
Net Cashflow from Financing |
- |
100% |
-£6,813 |
25% |
-£9,083 |
- |
-£9,083 |
-300% |
-£2,271 |
|
Increase in Cash |
-£6,966 |
-101% |
£713,617 |
612.7% |
-£139,200 |
-150.4% |
£276,242 |
85.7% |
£148,781 |
Miscellaneous
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£2,815,506 |
7.3% |
£2,622,865 |
0.7% |
£2,603,926 |
3.5% |
£2,516,875 |
2.9% |
£2,445,203 |
|
Number of Employees |
9 |
12.5% |
8 |
-11.1% |
9 |
-10% |
10 |
-9.1% |
11 |
|
Auditors |
CHANDLER & GEORGES |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
HSBC BANK PLC |
||||||||
|
Bank Branch Code |
40-04-26 |
||||||||
Ratios
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/12/11 |
31/12/10 |
31/12/09 |
|
Pre-tax profit margin % |
1.93 |
1.30 |
1.53 |
1.94 |
2.35 |
|
Current ratio |
1.74 |
1.65 |
1.84 |
1.90 |
2.56 |
|
Sales/Net Working Capital |
7.35 |
8 |
6.34 |
4.44 |
4.25 |
|
Gearing % |
0 |
0 |
0 |
0.30 |
0.70 |
|
Equity in % |
42.50 |
39.30 |
45.90 |
47.60 |
61.60 |
|
Creditor Days |
59.26 |
65.74 |
64.74 |
87.05 |
51.22 |
|
Debtor Days |
51.64 |
49.21 |
70.67 |
88.64 |
46.96 |
|
Liquidity/Acid Test |
1.73 |
1.64 |
1.84 |
1.90 |
2.55 |
|
Return On Capital Employed % |
14.17 |
10.37 |
9.62 |
8.52 |
9.53 |
|
Return On Total Assets Employed % |
6.01 |
4.07 |
4.41 |
4.06 |
5.91 |
|
Current Debt Ratio |
1.35 |
1.54 |
1.18 |
1.09 |
0.61 |
|
Total Debt Ratio |
1.35 |
1.54 |
1.18 |
1.10 |
0.62 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
14.17 |
10.37 |
9.62 |
8.54 |
9.59 |
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 |
1 |
£2,658,756 |
|
Company Name |
Amount |
Statement Date |
|
Close Solutions Limited |
£2,658,756 |
08/09/2009 |
FOREIGN
EXCHANGE RATES
N/A
ADDITIONAL
INFORMATION
Mortgage Summary
Total Mortgage 9
Outstanding 0
Satisfied 9
Current Company
Secretary
|
Name |
Sanjay Datwani |
Date of Birth |
06/02/1973 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
10 |
Function |
Company Secretary |
|
Appointment Date |
11/09/2003 |
|
|
|
Address |
Highlight House First Floor, 57 Margaret Street, London,
W1W 8SJ |
||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
22/09/2014 |
New Accounts Filed |
|
22/09/2014 |
New Accounts Filed |
|
05/11/2013 |
Annual Returns |
|
12/10/2013 |
New Accounts Filed |
|
07/11/2012 |
Annual Returns |
|
11/10/2012 |
New Accounts Filed |
|
29/11/2011 |
Annual Returns |
|
12/10/2011 |
New Accounts Filed |
|
12/10/2011 |
New Accounts Filed |
|
10/12/2010 |
Annual Returns |
|
03/12/2010 |
Mr B.D. Datwani has left the board |
|
06/10/2010 |
New Accounts Filed |
|
29/12/2009 |
Annual Returns |
|
01/12/2009 |
Annual Returns |
|
26/10/2009 |
New Accounts Filed |
Previous
Company Names
|
Date |
Previous Name |
|
26/04/1996 |
CLAYTON PROPERTY AND FINANCE LIMITED |
Mortgage
Details
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
16/05/00 |
|
|
|
Date Charge Registered: |
20/05/00 |
|
|
|
Date Charge Satisfied: |
18/09/03 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
SYNDICATE BANK |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
CENTRAL BANK OF NIGERIA PAR BONDS IN THE SUM OF
US$1,048,279. |
||
|
Mortgage Type: |
LETTER OF HYPOTHECATION |
||
|
Date Charge Created: |
29/09/93 |
|
|
|
Date Charge Registered: |
15/10/93 |
|
|
|
Date Charge Satisfied: |
09/11/93 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CANARA BANK |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL BILLS OF EXCHANGE, SHIPPING DOCUMENTS, DOC WARRANTS,
DELIVERY ORDERS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
LETTER OF LIEN |
||
|
Date Charge Created: |
29/09/93 |
|
|
|
Date Charge Registered: |
15/10/93 |
|
|
|
Date Charge Satisfied: |
09/11/93 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
CANARA BANK |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ANY MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF THE
COMPANY WITH THE BANK SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
CASH COLLATERAL AGREEMENT |
||
|
Date Charge Created: |
14/05/91 |
|
|
|
Date Charge Registered: |
16/05/91 |
|
|
|
Date Charge Satisfied: |
27/01/96 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BANQUE NATIONAL DE PARIS PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL SUMS FROM TIME TO TIME STANDING TO THE CREDIT OF ALL THE
ACCOUNT(S) IN THE NAME OF THE DEPOSITERWITH THE BANK |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
13/01/89 |
|
|
|
Date Charge Registered: |
19/01/89 |
|
|
|
Date Charge Satisfied: |
13/06/12 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
SYNDICATE BANK |
||
|
Amount Secured: |
|
||
|
Details: |
56 PARK WAY CAMDEN TOWN LONDON NW1, L/BOF CAMDEN TITLE NO
LN 90831FLOATING CHARGE OVER ALL MOVEABLEPLANTMACHINERY IMPLEMENTS UTENSILS
FURNITUREAND EQUIPMENT |
||
|
Mortgage Type: |
SECURITY AGREEMENT. |
||
|
Date Charge Created: |
19/03/87 |
|
|
|
Date Charge Registered: |
27/03/87 |
|
|
|
Date Charge Satisfied: |
10/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
FIDELITY BANK N.A. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE IN RELATION TOLETTERS OF CREDIT AND/OR LETTERS OF GUARANTEE. |
||
|
Details: |
ALL THE COMPANYS RIGHT TITLE AND INTEREST IN AND TO EACH
AND EVERY BUYERS L/C AND ANY AND ALL SUMS PAID OR PAYABLE THERE UNDER AND ALL
RIGHTS BENEFITS OR PROCEEDS THEREOF. |
||
|
Mortgage Type: |
CASH COLLATERAL AGREEMENT |
||
|
Date Charge Created: |
19/03/87 |
|
|
|
Date Charge Registered: |
27/03/87 |
|
|
|
Date Charge Satisfied: |
10/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
FIDELITY BANK N.A. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL AMOUNTS STANDING TO THE CREDIT OF ALL ACCOUNTS OF THE
COMPANY WITH FIDELITYBANK N.A. |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
18/11/86 |
|
|
|
Date Charge Registered: |
18/11/86 |
|
|
|
Date Charge Satisfied: |
10/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
SYNDICATE BANK |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H 1/2 SPINDLE WAY CRAWLEY WEST SUSSEXTITLE NO. WSX 55517
FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS
FURNITURE AND EQUIPMENT |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
08/12/81 |
|
|
|
Date Charge Registered: |
11/12/81 |
|
|
|
Date Charge Satisfied: |
10/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
JOHNSON MATTHEY BANKERS LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H 1 AND 2 SPINDLE WAY CRAWLEY TITLE NO: WSX 55517
FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS
FURNITURE AND EQUIPMENT |
||
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Ashok Chabria |
8 |
10 |
|
Ashok Chabria |
8 |
10 |
|
Balram Dayaram Datwani |
11 |
12 |
NOTES
& COMMENTS
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
Sales in the latest trading period increased 27.8% on the
previous trading period. |
|
|
Net Worth increased by 0.7% during the latest trading
period. |
|
|
A 17.6% growth in Total Assets occurred during the latest
trading period. |
|
|
Pre-tax profits increased by 8.6% compared to the previous
trading period. |
|
|
The company saw an increase in their Cash Balance of 44.9%
during the latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is not part of a group. |
|
|
The company was established over 35 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.28 |
|
|
1 |
Rs.98.38 |
|
Euro |
1 |
Rs.76.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.