MIRA INFORM REPORT

 

 

Report No. :

328445

Report Date :

06.07.2015

 

IDENTIFICATION DETAILS

 

Name :

BERKELEY COMMODITIES LIMITED

 

 

Formerly Known As :

LIBERTY THAMESTEEL LIMITED

 

 

Registered Office :

First Floor Roxburghe House 273-287 Regent Street London W1B 2HA

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.12.2013

 

 

Date of Incorporation :

20.09.1995

 

 

Com. Reg. No.:

03104212

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Subject is wholesale of metals and metal ores

 

 

No. of Employee :

2 (2013)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK 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. 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 5.8% in 2013. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

 

Source : CIA

 

 

 

 

Company Name

 

BERKELEY COMMODITIES LIMITED

 

 

Company No

 

03104212

 

 

Registered Address

 

FIRST FLOOR ROXBURGHE HOUSE 273-287 REGENT STREET LONDON W1B 2HA

 

 

Company Summary

 

Registered Address

 

FIRST FLOOR ROXBURGHE HOUSE
273-287 REGENT STREET
LONDON
W1B 2HA

 

Trading Address

 

First Floor Roxburghe House
Roxburghe House
273-287 Regent Street
London
W1B 2HA

 

Website Address                      -

Telephone Number                   -

Fax Number

TPS                                          -

FPS                                          No

Incorporation Date                   20/09/1995

Previous Name                         LIBERTY THAMESTEEL LIMITED

Type                                         Private limited with Share Capital

FTSE Index                              -

Date of Change                         05/01/2012

Filing Date of Accounts            19/06/2015

Currency                                  GBP

Share Capital                           £12,502

SIC07                                       46720

Charity Number                        -

SIC07 Description                    WHOLESALE OF METALS AND METAL ORES

Principal Activity                      Shipping and commission agents and commodity trading. Accounts data converted from US Dollars.

 

 

Key Financials

 

Year to Date                 Turnover          Pre Tax Profit   Shareholder     Funds Employees

30/12/2013                    £175,086,288     £108,139           £291,672           2

30/12/2012                    £71,565,908      £81,118             £206,386           2

30/12/2011                    £81,201,479      £61,684             £139,860           2

 

 

Mortgage Summary

 

Total Mortgage                         2

Outstanding                             2

Satisfied                                   0

 

 

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 Large company in respect of the rating/limit generated.

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

The company has more cash than short term bank borrowings.

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 -

-

Back to Top

Show more

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

12

 

 

Current Directors

 

Name

Willem Marthinus De Beer

Date of Birth

07/08/1967

Officers Title

Mr

Nationality

South African

Present Appointments

138

Function

Director

Appointment Date

01/05/2013

Address

Second Floor ., 7 Hertford Street, Mayfair, London, W1J 7RH

Disqualified

Disqualified End Date

Disqualification Exception

No

 

Name

Guglielmo Occhi

Date of Birth

14/05/1971

Officers Title

Mr

Nationality

Italian

Present Appointments

2

Function

Director

Appointment Date

30/12/2014

Address

Second Floor ., 7 Hertford Street, Mayfair, London, W1J 7RH

 

 

Current Company Secretary

 

Name

Surinder Jolly

Date of Birth

01/05/1938

Officers Title

Nationality

British

Present Appointments

12

Function

Company Secretary

Appointment Date

01/10/1997

Address

Second Floor ., 7 Hertford Street, Mayfair, London, W1J 7RH

Other Actions

View Consumer Report

View Trace Report

Disqualified

Disqualified End Date

Disqualification Exception

No

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

LU STEEL & POWER GROUP LTD

GBP

50,000

ORDINARY

0.25

Unable to report percentage holdings as filed Shareholder listing is not full.

 

 

Profit & Loss

 

Date Of Accounts

30/12/13

(%)

30/12/12

(%)

30/12/11

(%)

30/06/10

(%)

30/06/09

Weeks

52

(%)

52

(%)

78

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£175,086,288

144.7%

£71,565,908

-11.9%

£81,201,479

23.8%

£65,578,113

142.5%

£27,046,238

Export

£175,086,288

144.7%

£71,565,908

-11.9%

£81,201,479

-

-

-

-

Cost of Sales

£174,884,396

146.1%

£71,062,816

-12.3%

£81,065,118

24.1%

£65,311,244

142.2%

£26,968,229

Gross Profit

£201,892

-59.9%

£503,092

268.9%

£136,361

-48.9%

£266,869

242.1%

£78,008

Wages & Salaries

£18,505

-27%

£25,350

-

-

-

-

-

-

Directors Emoluments

£16,995

-26.5%

£23,127

-

-

-

-

-

-

Operating Profit

£108,103

-71.7%

£382,600

236.5%

£113,702

-28%

£157,982

314%

£38,159

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

£5,419

-11.4%

£6,114

48.2%

£4,127

-72.4%

£14,932

400.3%

£2,984

Interest Payments

-

-100%

£301,507

479.6%

£52,018

-56.8%

£120,446

-

-

Pre Tax Profit

£108,139

33.3%

£81,118

31.5%

£61,684

64.3%

£37,536

-1.6%

£38,159

Taxation

-£22,853

-4.1%

-£21,959

-6.2%

-£20,672

-104.2%

-£10,125

2.8%

-£10,411

Profit After Tax

£85,286

44.2%

£59,159

44.2%

£41,012

49.6%

£27,411

-1.2%

£27,748

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£85,286

44.2%

£59,159

44.2%

£41,012

49.6%

£27,411

-1.2%

£27,748

 

 

Balance Sheet

 

Date Of Accounts

30/12/13

(%)

30/12/12

(%)

30/12/11

(%)

30/06/10

(%)

30/06/09

Tangible Assets

0

-

0

-

0

-

0

-

0

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

0

-

0

-

0

-

0

-

0

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

£13,480,577

89.9%

£7,097,668

999.9%

£396,649

58.8%

£249,828

999.9%

£15,327

Cash

£18,876

-61.5%

£49,005

999.9%

£1,403

-4.8%

£1,473

-

0

Other Debtors

£4,016,730

999.9%

£9,330

-16%

£11,112

-99.9%

£8,293,399

68.9%

£4,909,581

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£17,516,182

144.8%

£7,156,002

999.9%

£409,164

-95.2%

£8,544,701

73.5%

£4,924,908

Trade Creditors

£17,018,057

213.9%

£5,420,949

-

0

-100%

£168,679

999.9%

£8,732

Bank Loans & Overdrafts

0

-

0

-

0

-100%

£8,249,141

70.7%

£4,831,726

Other Short Term Finance

0

-

0

-

0

-100%

£39

5.1%

£37

Miscellaneous Current Liabilities

£58,458

-10.7%

£65,489

-49.1%

£128,714

420.8%

£24,715

85.6%

£13,313

Total Current Liabilities

£17,076,515

211.2%

£5,486,438

999.9%

£128,714

-98.5%

£8,442,573

73.9%

£4,853,808

Bank Loans & Overdrafts and LTL

£147,995

-89.9%

£1,463,179

940.7%

£140,590

-98.3%

£8,249,141

70.7%

£4,831,726

Other Long Term Finance

£147,995

-89.9%

£1,463,179

940.7%

£140,590

-

0

-

0

Total Long Term Liabilities

£147,995

-89.9%

£1,463,179

940.7%

£140,590

-

0

-

0

.

 

Capital & Reserves

 

Date Of Accounts

30/12/13

(%)

30/12/12

(%)

30/12/11

(%)

30/06/10

(%)

30/06/09

Called Up Share Capital

£16,442

-

£16,442

5.3%

£15,620

-3.2%

£16,138

5.1%

£15,357

P & L Account Reserve

£275,230

44.9%

£189,943

52.9%

£124,240

44.5%

£85,989

54.3%

£55,743

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£291,672

41.3%

£206,386

47.6%

£139,860

36.9%

£102,127

43.6%

£71,100

 

 

Other Financial Items

 

Date Of Accounts

30/12/13

(%)

30/12/12

(%)

30/12/11

(%)

30/06/10

(%)

30/06/09

Net Worth

£291,672

41.3%

£206,386

47.6%

£139,860

36.9%

£102,127

43.6%

£71,100

Working Capital

£439,667

-73.7%

£1,669,565

495.3%

£280,450

174.6%

£102,127

43.6%

£71,100

Total Assets

£17,516,182

144.8%

£7,156,002

999.9%

£409,164

-95.2%

£8,544,701

73.5%

£4,924,908

Total Liabilities

£17,224,510

147.8%

£6,949,617

999.9%

£269,303

-96.8%

£8,442,573

73.9%

£4,853,808

Net Assets

£291,672

41.3%

£206,386

47.6%

£139,860

36.9%

£102,127

43.6%

£71,100

 

 

Cash Flow

 

Date Of Accounts

30/12/13

(%)

30/12/12

(%)

30/12/11

(%)

30/06/10

(%)

30/06/09

Net Cashflow from Operations

£1,309,210

236.6%

-£958,759

-112.1%

£7,895,512

359.8%

-£3,038,907

37.1%

-£4,828,252

Net Cashflow before Financing

£1,285,054

201.4%

-£1,267,655

-116.2%

£7,843,656

347.4%

-£3,170,207

34.4%

-£4,831,734

Net Cashflow from Financing

-£1,315,184

-200%

£1,315,184

835.5%

£140,590

-

-

-

-

Increase in Cash

-£30,130

-163.4%

£47,528

-99.4%

£7,984,247

351.9%

-£3,170,208

34.4%

-£4,831,734

 

 

Miscellaneous

 

Date Of Accounts

30/12/13

(%)

30/12/12

(%)

30/12/11

(%)

30/06/10

(%)

30/06/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£439,667

-73.7%

£1,669,565

495.3%

£280,450

174.6%

£102,127

43.6%

£71,100

Number of Employees

2

-

2

-

2

-

-

-

-

Accountants

Auditors

KING & KING

Auditor Comments

The audit report contains no adverse comments

Bankers

THE ROYAL BANK OF SCOTLAND PLC

Bank Branch Code

83-04-03

 

 

Ratios

 

Date Of Accounts

30/12/13

30/12/12

30/12/11

30/06/10

30/06/09

Pre-tax profit margin %

0.06

0.11

0.08

0.06

0.14

Current ratio

1.03

1.30

3.18

1.01

1.01

Sales/Net Working Capital

398.22

42.87

289.54

642.12

380.40

Gearing %

50.70

709

100.50

8077.30

6795.70

Equity in %

1.70

2.90

34.20

1.20

1.40

Creditor Days

35.38

27.57

-

0.93

0.11

Debtor Days

28.02

36.10

2.66

1.38

0.20

Liquidity/Acid Test

1.02

1.30

3.17

1.01

1.01

Return On Capital Employed %

24.59

4.85

21.99

36.75

53.66

Return On Total Assets Employed %

0.61

1.13

15.07

0.43

0.77

Current Debt Ratio

58.54

26.58

0.92

82.66

68.26

Total Debt Ratio

59.05

33.67

1.92

82.66

68.26

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

37.07

39.30

44.10

36.75

53.66

 

 

Previous Company Names

 

Date

Previous Name

05/01/2012

LIBERTY THAMESTEEL LIMITED

14/12/2011

BERKELEY COMMODITIES LIMITED

20/07/2010

LIBERTY HOUSE UK PUBLIC LIMITED COMPANY

30/12/1999

LIBERTY HOUSE UK LIMITED

21/10/1998

LCL (EAST AFRICA) LIMITED

10/01/1997

AFROASIAN COMMODITIES (UK) LIMITED

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

4 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

-

Ownership Status

Wholly Owned

Ultimate Holding Company

LU STEEL & POWER GROUP LTD

 

 

Group Structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

LU STEEL & POWER GROUP LTD

 

N/A

-

-

BERKELEY COMMODITIES L...

 

03104212

30.12.2013

N

£175,086,288

SHANGHAI EVERBRIGHT...

 

03578542

31.12.2013

N

2G PROPERTY HOLDINGS...

 

06220825

30.04.2014

N



Statistics

Group

4 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Mortgage Details

 

Mortgage Type:

TRADE FINANCE SECURITY DEED

Date Charge Created:

09/08/12

Date Charge Registered:

13/08/12

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANQUE CANTONALE VAUDOISE

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

A FIXED CHARGE OVER ALL ITS RIGHTS, TITLE AND INTEREST IN ASSIGNED RECEIVABLES,ALL AMOUNTS, CREDITSOR OTHER ASSETS ORRIGHTS HELD BY THE BANK IN THE CUSTOMER\S FAVOUR ON ANY ACCOUNT OR ACCOUNTS (WHERESOEVER HELD) FROM TIME TO TIME AND THE INSURANCES SEE IMAGE FOR FULL DETAILS

Mortgage Type:

TRADE FINANCE SECURITY DEED

Date Charge Created:

09/09/08

Date Charge Registered:

23/09/08

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

BANQUE CANTONALE VAUDOISE

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

A FIXED CHARGE OVER ALL ITS RIGHTS, TITLE AND INTEREST IN ASSIGNED RECEIVABLES,ALL AMOUNTS, CREDITSOR OTHER ASSETS ORRIGHTS HELD BY THE BANK IN THE CUSTOMER\S FAVOUR ON ANY ACCOUNT OR ACCOUNTS (WHERESOEVER HELD) FROM TIME TO TIME AND THE INSURANCES SEE IMAGE FOR FULL DETAILS

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Parduman Kumar Gupta

2

3

Sanjeev Gupta

10

6

Parag Gudka

0

3

Nasar Rashid

2

8

Nasar Rashid

2

8

Reshma Gupta

0

1

COMPANY DIRECTORS LIMITED

9351

196299

TEMPLE SECRETARIES LIMITED

11623

198018

Prateek Subhash Pali

0

1

Andrew Moray Stuart

280

450

Rajinder Uttamchand Miglani

0

1

Sanjeev Gupta

0

1

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

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

Outstanding

 

 

Director Failures (1)

Description:

A Director of this company was previously appointed to a company which has become insolvent within the last 12 months.

Details:

5B Mr Willem Marthinus De Beer, a current Director of this company was previously appointed to 08280868 which has failed and entered some form of insolvency within the last 12 months.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.40

UK Pound

1

Rs.98.94

Euro

1

Rs.70.33

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.