|
Report No. : |
305025 |
|
Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
DYFED STEELS LIMITED |
|
|
|
|
Registered Office : |
Tube |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
23.11.1976 |
|
|
|
|
Com. Reg. No.: |
01287461 |
|
|
|
|
Legal Form : |
Private Limited With
Share Capital |
|
|
|
|
Line of Business : |
· A group engaged as a Metal Stockholders. Engaged
in encompassing wide range of Carbon and Alloy Engineering Steels Including Bright
Drawn, Turned Bar, Hot Rolled Black Bar, and Forging Billets. Wholesaler of metals and Metal Ores |
|
|
|
|
No of Employees : |
274 (31.01.2013) |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
|
With Financials |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
|
DYFED
STEELS LIMITED |
Telephone |
+44 015 5477 2255 |
|
|
|
TUBE WORKS MAESCANNER ROAD |
Fax |
- |
||
|
DAFEN |
Website |
|
||
|
LLANELLI |
||||
|
DYFED |
||||
|
SA14 8NS |
||||
|
United Kingdom |
||||
|
Company Number:
Foundation: |
01287461 23/11/1976 |
Status: VAT No: |
Active - Accounts Filed GB124886156 |
|
Considered good for its usual trade commitments
Private limited with Share Capital
23/11/1976
01287461
|
Name |
Currency |
Number of
shares |
Share type |
Nominal value |
|
DAVID WINSTON THOMAS |
GBP |
44,999 |
ORDINARY |
1 |
|
MR DAVID ROBERT EVANS |
GBP |
1 |
ORDINARY |
1 |
|
Total Share Capital GBP 45,000 |
||||
|
Directors |
||||
|
Name |
Address: |
Date of
birth |
Nationality |
Appointment date |
|
Mr David Winston Thomas |
Old Road, Llanelli, Dyfed SA15 3HR |
02/03/1941 |
British |
11/05/1992 |
|
Company
Secretary |
||
|
Name |
Address: |
Appointment date |
|
Mr Alan
John Morgan |
Sarnau Off Pentreporth Road,
Dimpath, Llanelli, Carmarthenshire SA15 4NS |
28/09/2008 |
Other Known Addresses
· Connies House, Rhymney River Bridge Road, Cardiff, South Glamorgan CF23 9AF Keystone House, Exeter Road, Bournemouth, Dorset BH2 5AR
Marsh Lane, Lords
Meadow Industrial Estate,
Crediton, Devon EX17 1ES
Tube Works, Industrial Estate, Dafen, Llanelli,
Dyfed SA14 8NS
Unit 2 Lords Meadow Industrial Esta, Crediton, Devon EX17 3QE
Principal Activity
· A group engaged as a Metal Stockholders.
Engaged
in encompassing wide range of Carbon and Alloy Engineering Steels Including Bright
Drawn, Turned Bar, Hot Rolled Black Bar, and Forging Billets.
Wholesaler of metals
and Metal Ores
Turnover
and Employees
Date of Accounts Turnover Employees
31/01/2012 GBP 64,015,000 283
31/01/2013 GBP 62,046,000 274
Banks
|
Bank Name |
Bank Branch Sort Code |
|
HSBC BANK PLC |
40-16-18 |
Auditor
Auditor name
PRICEWATERHOUSECOOPERS LLP
Events
Company history
Date Action
|
17/09/2010 |
Annual Returns |
|
|
01/11/2010 |
New Accounts Filed |
|
|
01/11/2010 |
New Accounts Filed |
|
|
16/07/2011 |
Annual Returns |
|
|
28/10/2011 |
New Accounts Filed |
|
|
28/10/2011 |
New Accounts Filed |
|
|
17/07/2012 |
Annual Returns |
|
|
05/10/2012 |
New Accounts Filed |
|
|
05/10/2012 |
New Accounts Filed |
|
|
16/07/2013 |
Annual Returns |
|
|
09/11/2013 |
New Accounts Filed |
|
|
23/07/2014 |
Annual Returns |
|
|
11/09/2014 |
New Accounts Filed |
|
|
22/09/2014 |
Mr S. Jones
has left the board |
|
|
Charge created |
11/02/1981 |
|
Charge registered |
17/02/1981 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FLOATING CHARGE OVER
THE UNDERTAKING AND ALL PROPERTY
AND ASSETS PRESENT AND FUTURE INCLUDING BOOK DEBTS AND
UNCALLED CAPITAL. |
|
|
|
|
Charge created |
30/07/1982 |
|
Charge registered |
31/07/1982 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
L/H PART OF FORMER
BLACK PLATE AND GALVANIZED SHEET WORKS,
DAFEN, LLANELLI, DYFED |
|
|
|
|
Charge created |
30/07/1982 |
|
Charge registered |
31/07/1982 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
ALL BOOK AND OTHER DEBTS
DUE OWING OR INCURRED TO THE COMPANY. |
|
|
|
|
Charge created |
31/07/1982 |
|
Charge registered |
12/08/1982 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND 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 PROPERTY
SITUATE AT THE NORTH SIDE OF DAFEN ROW, DAFEN LLANELLI DYFED TITLENO
WA 83108 |
|
|
|
|
Charge created |
27/08/1982 |
|
Charge registered |
09/09/1982 |
|
Status |
SATISFIED |
|
Entitled person |
H AND
H FACTORS LIMITED. |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIRST FIXED
AND FLOATING CHARGE OVER ALL BOOK DEBTS. |
|
|
|
|
Charge created |
07/07/1983 |
|
Charge registered |
14/07/1983 |
|
Status |
SATISFIED |
|
Entitled person |
ALEX LAWRIE
RECEIVABLES FINANCING LTD |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME DUE
FROM THE COMPANY TO THE CHARGEE |
|
Mortgage detail |
ALL BOOK AND OTHER DEBTS PRESENT
AND FUTURE AS ARE NOT SOLD AND BOUGHT BY ALEX LAWRIE RECEIVABLES FINANCING LTD UNDER
THETERMS OF AN AGREEMENT DATED 07/07/83 |
|
|
|
|
Charge created |
06/06/1984 |
|
Charge registered |
08/06/1984 |
|
Status |
SATISFIED |
|
Entitled person |
COMMERCIAL CREDIT
SERVICES LIMITED |
|
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 AND PREMISES SITUATED ON THE N.SIDE
OF DAFEN INN
ROW, LLANELLI, DYFEDT/N: WA83108 |
|
|
|
|
Charge created |
30/04/1986 |
|
Charge registered |
07/05/1986 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
L/H PART OF FORMER
BACKPLATE AND
GALVANIZED SHEET
WORKS, DAFEN, LLANELLI |
|
|
|
|
Charge created |
30/04/1986 |
|
Charge registered |
07/05/1986 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND 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 NORTH SIDE
OF DAFEN INN ROW, DAFEN LLANCELLI T/N WA83108 |
|
|
|
|
Charge created |
01/12/1986 |
|
Charge registered |
05/12/1986 |
|
Status |
SATISFIED |
|
Entitled person |
COMMERCIAL FINANCIAL SERVICES LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
F/H PROPERTY FORMERLY PART OF MAESCANNER STREET WORKS
MAESCAN- NER ROAD DAFEN LLANELLI IN THE COUNTY OF DYFED TOGETHER WITH ALL BUILDINGS AND FIXTURES.TOGETHER WITH THE GOODWILL AND
THE BENEFIT OF ALL LICENCES. FLOATING CHARGE
OVER ALL MOVEABLE
PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT |
|
|
|
|
Charge created |
07/06/1988 |
|
Charge registered |
11/06/1988 |
|
Status |
SATISFIED |
|
Entitled person |
MIDLAND 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 PROPERTY
SITUATED AT AND KNOWN AS GORS WORKS DAFEN, LLANELLI, DYFED. |
|
|
|
|
Charge created |
14/07/1988 |
|
Charge registered |
03/08/1988 |
|
Status |
SATISFIED |
|
Entitled person |
U.C.B. 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 PREMISES AT
DAFEN LLANELLI, DYFED
T/N WA 103585 BEING LAND ON THE NORTH SIDE OF DAFEN INN ROW, LLANELLI DYFED, WITHALL
BUILDINGS AND FIXTURES THEREON AND THE FULL BENEFIT OF ALL PRESENT
AND FUTURE LICENCES AND THE COMPANY ASSETS
|
|
|
|
|
Charge created |
14/07/1988 |
|
Charge registered |
03/08/1988 |
|
Status |
SATISFIED |
|
Entitled person |
U.C.B. 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 PREMISES AT DAFEN LLANELLI DYFED K/A GORS WORKS AND WITH
ALL BUILDINGS AND FIXTURES THEREON AND THE FULL BENEFIT OF ALL PRESENT AND FUTURE LICENCES AND THE COMPANY ASSETS
|
|
|
|
|
Charge created |
14/07/1988 |
|
Charge registered |
03/08/1988 |
|
Status |
SATISFIED |
|
Entitled person |
U.C.B. 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 PREMISES AT DAFEN LLANELLI DYFED T/N WA 83108 BEING PROPERTY
ON THE NORTH SIDE OF DAFEN INN ROW, DYFED
TOGETHER WITH ALL BUILDINGS AND FIXTURES THEREON
ANDTHE BENEFIT OF ALL PRESENT
AND FUTURE LI- CENCES AND THE ASSETS OF THE COMPANY
|
|
|
|
|
Charge created |
11/08/1988 |
|
Charge registered |
13/08/1988 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND 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 WORKSHOPS AND PREMISES AT BYNEA,
LLANELLI, DYFED |
|
|
|
|
Charge created |
26/08/1988 |
|
Charge registered |
27/08/1988 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND 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 GORS
WORKS, DAFEN, LLANELLI. |
|
|
|
|
Charge created |
29/09/1988 |
|
Charge registered |
30/09/1988 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND 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 PREMISES NORTH SIDE OF DAFEN INN ROW, DAFEN,
LLANELLI, DYFED
T/N WA 83108. PREMISES
COMPRISED IN PENDING
T/N WA 362805. |
|
|
|
|
Charge created |
25/10/1988 |
|
Charge registered |
27/10/1988 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED AND FLOATING CHARGE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING BOOK AND OTHER DEBTS
UNCALLED CAPI- TAL. |
|
|
|
|
Charge created |
06/11/1989 |
|
Charge registered |
15/11/1989 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND 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 ON NORTH SIDE OF DAFEN INN ROW, DAFEN, LLANELLI DYFED T/N
WA 103585 |
|
|
|
|
Charge created |
29/07/1991 |
|
Charge registered |
30/07/1991 |
|
Status |
OUTSTANDING |
|
Entitled person |
MIDLAND BANK
PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE CHATTELS DETAILED ON FORM 395 INCLUDING HYDRAULIC GUILLOTINE 10X 3/8 SERIALNO.681104/6 |
|
|
|
|
Charge created |
25/03/1994 |
|
Charge registered |
02/04/1994 |
|
Status |
OUTSTANDING |
|
Entitled person |
GRIFFIN FACTORS LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FIXED EQUITABLE CHARGE OVER
ALL BOOK DEBTS
INVOICE DEBTS
ACCOUNTS NOTES BILLS
ACCEPTANCES AND/OR OTHER FORMS
OF OBLIGATION THE SUB- JECT
OF A FACTORING AGREEMENT; ALL TITLE PROPERTY RIGHT
OR INTEREST IN ANY GOODS TO WHICH SUCH RECEIVABLE RELATES |
|
Charge created |
19/08/1994 |
|
Charge registered |
01/09/1994 |
|
Status |
OUTSTANDING |
|
Entitled person |
GRIFFIN FACTORS LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
POLICY OF ASSURANCE NO 2660329LY AND ALL
MONEY THAT MAY BECOME
PAYABLE UNDER THE POLICY |
|
|
|
|
Charge created |
23/03/1999 |
|
Charge registered |
25/03/1999 |
|
Status |
OUTSTANDING |
|
Entitled person |
GRIFFIN CREDIT
SERVICES LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE POLICY OF INSURANCE ISSUED BY LEGALAND GENERAL
ASSURANCE SO- CIETY
LIMITED NUMBER 008551849-6 IN RESPECT OF DAVID
WINSTON THOMAS FOR THE SUM OF GBP 1,250,000 |
|
|
|
|
Charge created |
09/02/2000 |
|
Charge registered |
12/02/2000 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
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 UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
|
|
|
|
Charge created |
16/11/2000 |
|
Charge registered |
18/11/2000 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE FREEHOLD PROPERTY KNOWN AS 15 WYNCOMBE BUSINESS PARK SHAFTESBURY WITH
THE BENEFIT OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RE- LATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MAN-
AGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESS- FROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE
OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER
PAYMENTS WHATEVER IN RE- SPECTOF THE PROPERTY |
|
|
|
|
Charge created |
01/12/2000 |
|
Charge registered |
07/12/2000 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
ALL THE POLICY
OF ASSURANCE REFERRED TOIN THE MORTGAGE
OF LIFE POL-
ICY AND ALL
MONEY THAT
MAY BECOME PAYABLE
UNDER THE POLICY
SEE THE MORTGAGE CHARGE
DOCUMENT FOR FULL
DETAILS |
|
|
|
|
Charge created |
05/09/2001 |
|
Charge registered |
11/09/2001 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE POILCY (AS DEFINED IN THE MORTGAGE)AND ALL MONIES PAYABLE THERE-
UNDER |
|
|
|
|
Charge created |
10/06/2002 |
|
Charge registered |
19/06/2002 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
HYDRAULIC GUILLOTINE 10X 3/8 SERIAL NO:681104/6, HYDRAULIC GUILLOTINE (SHEAR) 10X 1/2 SERIAL
NO: 715504/5, PRESS
10X 1/4 SERIAL
NO: 723603/3 (FOR FURTHER DETAILS OF CHATTELS CHARGED SEE SCHEDULE TO FORM 395) |
|
|
|
|
Charge created |
12/06/2002 |
|
Charge registered |
19/06/2002 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
GORS WORKS
DAFEN LLANELLI DYFED
T/N WA439039 WITH THE BENEFIT OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UN- DERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE
LI- CENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
|
|
|
|
Charge created |
12/06/2002 |
|
Charge registered |
19/06/2002 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
PREMISES ON THE NORTH SIDE OF DAFEN
INNROW DAFEN LLANELLI DYFED T/N WA362805
WITH THE BENEFIT OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RE- LATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MAN-
AGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESS- FROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE
OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER
PAYMENTS WHATEVER IN RE- SPECTOF THE PROPERTY |
|
|
|
|
Charge created |
12/06/2002 |
|
Charge registered |
19/06/2002 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
WORKSHOPS AT BYNEA LLANELLI
DYFED T/N WA438650
WITH THE BENEFIT
OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UN- DERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE
LI- CENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
|
|
|
|
Charge created |
12/06/2002 |
|
Charge registered |
19/06/2002 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LIMITED |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
LAND ON THE NORTH SIDE OF DAFEN INN ROW, DAFEN, DYFED T/N WA103585
WITH THE BENEFIT
OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS IN ANY
MANAGEMENT COM-
PANY FOR THE PROPERTY
ANY
GOODWILL OF ANY
BUSINESSFROM TIME TO TIME
CARRIED ON AT THE PROPERTY
ANY RENTAL AND OTHER MONEY
PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RE- SPECT
OF THE PROPERTY AND
ALL OTHER PAYMENTS
WHATEVER IN RE- SPECTOF THE PROPERTY |
|
|
|
|
Charge created |
19/06/2002 |
|
Charge registered |
20/06/2002 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LTD |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE UNDER
THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE |
|
Mortgage detail |
BY WAY OF FLOATING CHARGE
ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS
WHATSOEVER AND WHERESOEVER NOW OWNED OR HEREAFTER ACQUIRED BY THE COMPANY OR IN WHICH
IT NOW HAS OR IN FUTURE
AC- QUIRES AN INTEREST INCLUDING THE COMPANY§STOCK INTRADE AND ITS UN-
CALLED CAPITAL
BUT (FORTHE AVOIDANCE OF DOUBT) EXCLUDING ANY DEBTS
AND ASSOCIATED RIGHTS RELATING THERETO THE OWNERSHIP OF WHICH VESTS
IN OR SHALL AT ANY TIME HEREAFTER VEST IN THE SECURITY HOLDER
BY VIRTUE OF ANY AGREEMENT FOR THE PURCHASE OF DEBTS
BETWEEN THE COMPANY AND THE SECURITY
HOLDER, AND THEPROCEEDS AND THE PROD- UCTS
THEREOF. |
|
|
|
|
Charge created |
31/01/2003 |
|
Charge registered |
05/02/2003 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
FREEHOLD PROPERTY
KNOWN AS DULAS WORKS MOCHDRE ENTERPRISE PARK NEWTOWN
WITH THE BENEFIT
OF ALL RIGHTS
LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RE- LATINGTO THE PROPERTY
ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MAN-
AGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESS- FROM TIME TO TIME CARRIED
ON AT THE PROPERTY ANY RENTAL
AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE
OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER
PAYMENTS WHATEVER IN RE- SPECTOF THE PROPERTY |
|
|
|
|
Charge created |
18/02/2004 |
|
Charge registered |
19/02/2004 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC INVOICE FINANCE (UK) LIMITED (”THE
SECURITY HOLDER”) |
|
Secured amount |
ALL MONIES DUE
OR TO BECOME DUE
FROM THE COMPANY
TO THE CHARGEE UNDER
THE TERMSOF THE
AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE |
|
Mortgage
detail |
BY WAY OF FIXED
EQUITABLE CHARGE
ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN
THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS
RELATING THERETO) WHICH
FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER
FOR ANY REASON |
|
|
|
|
Charge created |
14/06/2005 |
|
Charge registered |
16/06/2005 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE F/H PROPERTY AT LAND AND BUILDINGS LYING TO THE NORTH OF HAR-
BOUR ROAD PORTISHEAD T/N ST211642 WITH THE BENEFIT
OF ALL RIGHTS LI- CENCES
GUARANTEES RENT DEPOSITS CONTRACTS DEEDS
UNDERTAKINGS AND WARRANTIES RELATINGTO THE
PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS
IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME
TO TIME CARRIED ON AT THE PROPERTY ANY
RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER
IN- TEREST CREATED IN RESPECT OF THE PROPERTY
AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY |
|
|
|
|
Charge created |
14/11/2007 |
|
Charge registered |
21/11/2007 |
|
Status |
OUTSTANDING |
|
Entitled person |
LOMBARD NORTH CENTRAL PLC |
|
Secured amount |
GBP 1055250.00 DUE OR TO BECOME DUE FROM
THE COMPANY TO |
|
Mortgage detail |
KALTENBACH KBS750DG NC BANDSAW X2 SERIAL NUMBERS 301927 AND 302535
KALTENBACH KD1015R
SERIAL NUMBER 302538
KALTENBACH T13 SYSTEM SE- RIAL NUMBER
302539 AND KALTENBACH GEITART SHOTBLASTER SERIAL
NUM- BER 11161 |
|
|
|
|
Charge created |
25/02/2010 |
|
Charge registered |
27/02/2010 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC BANK PLC |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
ANY CREDIT BALANCE
DUE TO THE COMPANY
UNDER
CONDITION
13
OF THE AGREEMENT FOR THE PURCHASE OF DEBTS AND ANY DISCOUNTINGAL- LOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PRO-
VISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF
THAT CREDIT BALANCE |
|
|
|
|
Charge created |
22/02/2012 |
|
Charge registered |
24/02/2012 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC ASSET FINANCE
(UK) LTD, HSBC EQUIPMENT FINANCE
(UK) LTD, TO- GETHER ’HSBC’ |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
THE EQUIPMENT:MAN TGL 8.184BB RIGID CHASSIS DAY CAB, SCANIA
P310DB6X2MNA C/W STEEL, PLATFORM BODY, FOR FURTHER
DETAILS OF EQUIPMENT CHARGED PLEASE REFER
TO FORM MG01 |
|
|
|
|
Charge created |
27/04/2012 |
|
Charge registered |
02/05/2012 |
|
Status |
OUTSTANDING |
|
Entitled person |
HSBC ASSET
FINANCE (UK) LTD HSBC
EQUIPMENT FINANCE (UK) LTD |
|
Secured amount |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
|
Mortgage detail |
ANY CREDIT BALANCE
DUE TO THE COMPANY FOR THE PURCHASE
OF DEBTS AND ANY DISCOUNTING ALLOWANCE DUE
UNDER THE CONTRACT THE BENEFIT OF ALL THE
OTHER PROVISIONS OFTHE
CONTRACT AND
ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE |
(CCJs)
There are no County
Court Judgments listed
against this company
Profit & Loss
|
|
31/12/2013 52 GBP Group: Yes |
31/01/2013 52 GBP Group: Yes |
31/01/2012 52 GBP Group: Yes |
31/01/2011 52 GBP Group: Yes |
|
Turnover |
50,241,000 |
62,046,000 |
64,015,000 |
56,612,000 |
|
Export |
0 |
0 |
0 |
0 |
|
Cost of Sales |
37,281,000 |
47,154,000 |
48,911,000 |
40,539,000 |
|
Gross Profit |
12,960,000 |
14,892,000 |
15,104,000 |
16,073,000 |
|
Wages And Salaries |
6,160,000 |
7,068,000 |
6,704,000 |
6,789,000 |
|
Directors Emoluments |
161,000 |
174,000 |
176,000 |
166,000 |
|
Operating Profit |
-747,000 |
-925,000 |
480,000 |
1,864,000 |
|
Depreciation |
716,000 |
862,000 |
784,000 |
790,000 |
|
Audit Fees |
34,000 |
34,000 |
34,000 |
34,000 |
|
Interests Payments |
80,000 |
160,000 |
334,000 |
361,000 |
|
Pre Tax Profit |
-827,000 |
-1,085,000 |
146,000 |
1,503,000 |
|
Taxation |
122,000 |
204,000 |
-53,000 |
-476,000 |
|
Profit After
Tax |
-705,000 |
-881,000 |
93,000 |
1,027,000 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
Retained Profit |
-705,000 |
-881,000 |
93,000 |
1,027,000 |
Balance Sheet
|
|
31/12/2013 52 GBP Group: Yes |
31/01/2013 52 GBP Group: Yes |
31/01/2012 52 GBP Group: Yes |
31/01/2011 52 GBP Group: Yes |
|
Tangible Assets |
8,038,000 |
8,325,000 |
8,426,000 |
8,386,000 |
|
Intangible Assets |
263,000 |
304,000 |
350,000 |
405,000 |
|
Total Fixed Assets |
8,301,000 |
8,629,000 |
8,776,000 |
8,791,000 |
|
Stock |
12,497,000 |
15,966,000 |
16,448,000 |
16,314,000 |
|
Trade Debtors |
12,096,000 |
13,210,000 |
13,958,000 |
13,397,000 |
|
Cash |
48,000 |
5,000 |
140,000 |
13,000 |
|
Other Debtors |
438,000 |
286,000 |
367,000 |
177,000 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current
Assets |
25,079,000 |
29,467,000 |
30,913,000 |
29,901,000 |
|
Trade Creditors |
8,886,000 |
12,433,000 |
12,511,000 |
10,563,000 |
|
Bank Loans
and Overdraft |
403,000 |
1,131,000 |
820,000 |
805,000 |
|
Other Short Term Finance |
551,000 |
575,000 |
505,000 |
646,000 |
|
Miscellaneous Current
Liabilities |
11,401,000 |
10,582,000 |
10,985,000 |
11,573,000 |
|
Total Current
Liabilities |
21,241,000 |
24,721,000 |
24,821,000 |
23,587,000 |
|
Bank Loans
and Overdrafts LTL |
1,831,000 |
3,180,000 |
3,471,000 |
3,786,000 |
|
Other Long
Term Finance |
264,000 |
482,000 |
620,000 |
719,000 |
|
Total Long Term Liabilities |
1,428,000 |
2,049,000 |
2,651,000 |
2,981,000 |
Capital & Reserves
|
|
31/12/2013 52 GBP Group: Yes |
31/01/2013 52 GBP Group: Yes |
31/01/2012 52 GBP Group: Yes |
31/01/2011 52 GBP Group: Yes |
|
Called Up Share Capital |
45,000 |
45,000 |
45,000 |
45,000 |
|
P and L Account Reserve |
7,985,000 |
8,690,000 |
9,571,000 |
9,478,000 |
|
Revaluation Reserve |
2,681,000 |
2,591,000 |
2,601,000 |
2,601,000 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
10,711,000 |
11,326,000 |
12,217,000 |
12,124,000 |
Other Financial Items
|
|
31/12/2013 52 GBP Group: Yes |
31/01/2013 52 GBP Group: Yes |
31/01/2012 52 GBP Group: Yes |
31/01/2011 52 GBP Group: Yes |
|
Net Worth |
10,448,000 |
11,022,000 |
11,867,000 |
11,719,000 |
|
Working Capital |
3,838,000 |
4,746,000 |
6,092,000 |
6,314,000 |
|
Total Assets |
33,380,000 |
38,096,000 |
39,689,000 |
38,692,000 |
|
Total Liabilities |
22,669,000 |
26,770,000 |
27,472,000 |
26,568,000 |
|
Net Assets |
10,711,000 |
11,326,000 |
12,217,000 |
12,124,000 |
Cash Flow
|
|
31/12/2013 52 GBP Group: Yes |
31/01/2013 52 GBP Group: Yes |
31/01/2012 52 GBP Group: Yes |
31/01/2011 52 GBP Group: Yes |
|
Net Cash
Flow from Operations |
2,354,000 |
911,000 |
1,298,000 |
-887,000 |
|
Net Cash
Flow before Financing |
2,207,000 |
386,000 |
-77,000 |
-1,591,000 |
|
Net Cash
Flow from Financing |
-1,436,000 |
-832,000 |
176,000 |
1,384,000 |
|
Increase in Cash |
43,000 |
-135,000 |
127,000 |
-11,000 |
Miscellaneous
|
|
31/12/2013 52 GBP Group: Yes |
31/01/2013 52 GBP Group: Yes |
31/01/2012 52 GBP Group: Yes |
31/01/2011 52 GBP Group: Yes |
|
Capital Employed |
12,139,000 |
13,375,000 |
14,868,000 |
15,105,000 |
Financial Ratios
Name 31/12/2013 31/01/2013 31/01/2012 31/01/2011
|
Pre Tax Profit Margin |
-1.65 % |
-1.75 % |
0.23 % |
2.65 % |
|
Current Ration |
1.18 |
1.19 |
1.25 |
1.27 |
|
Sales or Net Working Capital |
13.09 |
13.07 |
10.51 |
8.97 |
|
Gearing |
17.09 % |
28.08 % |
28.41 % |
31.23 % |
|
Equity |
32.34 % |
29.97 % |
31.06 % |
31.67 % |
|
Creditor Days |
59.42 |
72.93 |
71.13 |
67.91 |
|
Debtor Days |
80.89 |
77.49 |
79.36 |
86.13 |
|
Liquidity or Acid test |
0.59 |
0.54 |
0.58 |
0.57 |
|
Return on Capital Employed |
-6.81 % |
-8.11 % |
0.98 % |
9.95 % |
|
Return on
Total Assets Employed |
-2.47 % |
-2.84 % |
0.36 % |
3.88 % |
|
Current Debt Ratio |
1.98 % |
2.18 % |
2.03 % |
1.94 % |
|
Total Debt Ratio |
2.11 % |
2.36 % |
2.24 % |
2.19 % |
|
Stock Turnover Ratio |
24.87 % |
25.73 % |
25.69 % |
28.81 % |
|
Return on Net Assets
Employed |
-7.72 % |
-9.57 % |
1.19 % |
12.39 % |
Remarks
Losses were suffered in the last two years. The general financial position
seems to be in order and the losses were well covered from reserves. Remains to
be seen how it further performed in 2014.
Activity: Steel Stockholders
Trading Address: Trades as Dyfed Steels Midlands, Cardale Street, Rowley
Regis, West Midlands B65 0LY
Branches: Across Wales
Employees: 274 (31.01.2013)
Bank: HSBC Bank PLC
Dyfed Steel Midlands is a division of Dyfed Steels Limited
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.50 |
|
UK Pound |
1 |
Rs.93.12 |
|
Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MNL |
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.