MIRA INFORM REPORT
|
Report No. : |
332457 |
|
Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
CRABTREE OF GATESHED LIMITED |
|
|
|
|
Formerly Known As : |
EVER 1919 LIMITED |
|
|
|
|
Registered Office : |
Kingsway, Team Valley Trading Estate, Gateshead, Ne11 0su |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
15.10.2002 |
|
|
|
|
Com. Reg. No.: |
04562891 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture and Service of Metal Printing Machines. |
|
|
|
|
No. of Employees : |
176 [2014] |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the
third largest economy in Europe after Germany and France. Agriculture is
intensive, highly mechanized, and efficient by European standards, producing
about 60% of food needs with less than 2% of the labor force. The UK has large
coal, natural gas, and oil resources, but its oil and natural gas reserves are
declining and the UK 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
summary
|
Registered Address |
Kingsway |
Trading Address |
Kingsway |
|
Website Address |
http://www.crabpress.co.uk |
Company Number |
04562891 |
|
Telephone Number |
01914875071 |
Incorporation Date |
15/10/2002 |
|
TPS |
No |
FPS |
No |
|
Previous Name |
EVER 1919 LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
20/03/2003 |
Filing Date of Accounts |
12/12/2014 |
|
Currency |
GBP |
Share Capital |
£98,000 |
|
SIC07 |
28990 |
Charity Number |
-- |
|
SIC07 Description |
Manufacture Of Other Special-Purpose Machinery N.E.C. |
Principal Activity |
Manufacture and service of metal printing machines. |
Key
financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31.03.2014 |
£17,024,361 |
£100,618 |
£6,684,773 |
176 |
|
31.03.2013 |
£19,455,758 |
£277,683 |
£7,147,202 |
210 |
|
31.03.2012 |
£30,976,032 |
£2,289,523 |
£7,039,211 |
249 |
Mortgage
summary
Total mortgage 10
Outstanding 3
Satisfied 7
Trade
debtors/ bad debt summary
Total Number of Documented Tarde 0
Total Value of Documented Trade £0
Commentary
|
This company has been treated as a Medium company. |
|
This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding. |
|
This company's return on total assets employed ratio indicates a relatively efficient use of assets. |
|
This company has made late payments on a medium percentage of invoices. |
|
This company's bank loans and overdrafts (less cash) account for a moderate percentage of short term liabilities. |
|
This company trades in an industry with a lower level of corporate failures. |
Current director
|
Name |
Stephen McDowell |
Date of Birth |
30/05/1957 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
12/02/2003 |
||
|
Address |
Kingsway, Team Valley Trading Estate, Gateshead, Tyne & Wear, NE11
0SU |
||
|
Name |
William George Athey |
Date of Birth |
11/03/1959 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
01/11/2006 |
||
|
Address |
Kingsway, Team Valley Trading Estate, Gateshead, Tyne & Wear, NE11
0SU |
||
Current
company secretary
|
Name |
Jacqueline Athey |
Date of Birth |
- |
|
Officers Title |
Mrs |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
30/11/2012 |
||
|
Address |
Kingsway, Team Valley Trading Estate, Gateshead, Tyne & Wear, NE11
0SU |
||
Top
20 shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
CRABTREE OF GATESHEAD (HOLDINGS) LTD |
GBP |
98,000 |
ORDINARY |
1 |
100 |
Profit
& Loss
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
|
Turnover |
£17,024,361 |
-12.5% |
£19,455,758 |
-37.2% |
£30,976,032 |
42.7% |
£21,706,267 |
44.5% |
£15,018,023 |
|
|
Export |
£16,522,532 |
5.5% |
£15,666,166 |
-48.5% |
£30,446,668 |
44% |
£21,137,906 |
52.8% |
£13,835,850 |
|
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Wages & Salaries |
£6,245,051 |
-13.2% |
£7,198,252 |
-21.7% |
£9,187,682 |
19.8% |
£7,669,437 |
66.2% |
£4,613,371 |
|
|
Directors Emoluments |
£44,525 |
33.4% |
£33,366 |
10.8% |
£30,112 |
-8.9% |
£33,058 |
583.7% |
£4,835 |
|
|
Operating Profit |
£106,345 |
-63.4% |
£290,511 |
-87.5% |
£2,318,159 |
5.5% |
£2,197,776 |
98.9% |
£1,105,107 |
|
|
Depreciation |
£196,081 |
-2.4% |
£200,813 |
109.5% |
£95,854 |
70.9% |
£56,100 |
-19.8% |
£69,915 |
|
|
Audit Fees |
£11,400 |
0.9% |
£11,300 |
2.7% |
£11,000 |
-12% |
£12,500 |
- |
£12,500 |
|
|
Interest Payments |
£44,230 |
222.2% |
£13,728 |
-53.5% |
£29,499 |
971.1% |
£2,754 |
-82.7% |
£15,948 |
|
|
Pre Tax Profit |
£100,618 |
-63.8% |
£277,683 |
-87.9% |
£2,289,523 |
4.3% |
£2,195,022 |
101.4% |
£1,089,673 |
|
|
Taxation |
£68,119 |
-4.6% |
£71,375 |
116% |
-£447,034 |
27.5% |
-£616,993 |
-110.1% |
-£293,601 |
|
|
Profit After Tax |
£168,737 |
-51.7% |
£349,058 |
-81.1% |
£1,842,489 |
16.8% |
£1,578,029 |
98.2% |
£796,072 |
|
|
Dividends Payable |
£631,166 |
161.8% |
£241,067 |
41.8% |
£170,000 |
21.4% |
£140,000 |
-75.4% |
£569,620 |
|
|
Retained Profit |
-£462,429 |
-528.2% |
£107,991 |
-93.5% |
£1,672,489 |
16.3% |
£1,438,029 |
535% |
£226,452 |
Balance sheet
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
|
Tangible Assets |
£1,279,953 |
-5.6% |
£1,356,506 |
4.1% |
£1,303,246 |
266.6% |
£355,452 |
27.9% |
£277,944 |
|
|
Intangible Assets |
£35,016 |
-20% |
£43,773 |
-9.1% |
£48,150 |
-8.3% |
£52,527 |
-7.7% |
£56,904 |
|
|
Total Fixed Assets |
£1,314,969 |
-6.1% |
£1,400,279 |
3.6% |
£1,351,396 |
231.2% |
£407,979 |
21.8% |
£334,848 |
|
|
Stock |
£3,829,554 |
-18.9% |
£4,723,084 |
3.5% |
£4,562,121 |
-7.8% |
£4,948,130 |
77% |
£2,795,165 |
|
|
Trade Debtors |
£5,410,829 |
3.3% |
£5,239,905 |
-4.3% |
£5,475,354 |
-27.4% |
£7,540,909 |
83.7% |
£4,104,372 |
|
|
Cash |
£161,341 |
-84% |
£1,010,592 |
26.7% |
£797,721 |
-28.4% |
£1,113,756 |
16.6% |
£954,806 |
|
|
Other Debtors |
£2,247,867 |
-7.5% |
£2,430,295 |
19.9% |
£2,027,214 |
-13% |
£2,329,579 |
19.8% |
£1,944,695 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£11,649,591 |
-13.1% |
£13,403,876 |
4.2% |
£12,862,410 |
-19.3% |
£15,932,374 |
62.6% |
£9,799,038 |
|
|
Trade Creditors |
£1,433,765 |
21.9% |
£1,176,039 |
-31.5% |
£1,717,790 |
-44.4% |
£3,089,921 |
95.5% |
£1,580,790 |
|
|
Bank Loans & Overdrafts |
£200,000 |
-87.5% |
£1,600,000 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
£40,500 |
- |
£40,500 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Liabilities |
£3,862,595 |
19.1% |
£3,242,714 |
-19.4% |
£4,024,105 |
-44.7% |
£7,282,925 |
67.1% |
£4,357,291 |
|
|
Total Current Liabilities |
£5,536,860 |
-8.6% |
£6,059,253 |
5.5% |
£5,741,895 |
-44.6% |
£10,372,846 |
74.7% |
£5,938,081 |
|
|
Bank Loans & Overdrafts and LTL |
£942,927 |
-70.5% |
£3,197,700 |
123.2% |
£1,432,700 |
138.5% |
£600,785 |
124.9% |
£267,112 |
|
|
Other Long Term Finance |
0 |
-100% |
£40,500 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£742,927 |
-53.5% |
£1,597,700 |
11.5% |
£1,432,700 |
138.5% |
£600,785 |
124.9% |
£267,112 |
Capital
& reserves
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
|
Called Up Share Capital |
£98,000 |
- |
£98,000 |
- |
£98,000 |
- |
£98,000 |
- |
£98,000 |
|
|
P & L Account Reserve |
£6,284,376 |
-6.9% |
£6,746,805 |
1.6% |
£6,638,814 |
33.7% |
£4,966,325 |
40.8% |
£3,528,296 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
£302,397 |
- |
£302,397 |
- |
£302,397 |
- |
£302,397 |
- |
£302,397 |
|
|
Shareholder Funds |
£6,684,773 |
-6.5% |
£7,147,202 |
1.5% |
£7,039,211 |
31.2% |
£5,366,722 |
36.6% |
£3,928,693 |
Other
financials items
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
|
Net Worth |
£6,649,757 |
-6.4% |
£7,103,429 |
1.6% |
£6,991,061 |
31.6% |
£5,314,195 |
37.3% |
£3,871,789 |
|
|
Working Capital |
£6,112,731 |
-16.8% |
£7,344,623 |
3.1% |
£7,120,515 |
28.1% |
£5,559,528 |
44% |
£3,860,957 |
|
|
Total Assets |
£12,964,560 |
-12.4% |
£14,804,155 |
4.2% |
£14,213,806 |
-13% |
£16,340,353 |
61.2% |
£10,133,886 |
|
|
Total Liabilities |
£6,279,787 |
-18% |
£7,656,953 |
6.7% |
£7,174,595 |
-34.6% |
£10,973,631 |
76.8% |
£6,205,193 |
|
|
Net Assets |
£6,684,773 |
-6.5% |
£7,147,202 |
1.5% |
£7,039,211 |
31.2% |
£5,366,722 |
36.6% |
£3,928,693 |
Miscellaneous
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£7,427,700 |
-15.1% |
£8,744,902 |
3.2% |
£8,471,911 |
42% |
£5,967,507 |
42.2% |
£4,195,805 |
|
|
Number of Employees |
176 |
-16.2% |
210 |
-15.7% |
249 |
10.7% |
225 |
58.5% |
142 |
|
Accountants |
||||||||||
|
Auditors |
TAIT WALKER LLP |
|||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
|||||||||
|
Bankers |
HSBC BANK PLC |
|||||||||
|
Bank Branch Code |
40-34-18 |
|||||||||
Ratios
|
Date Of Accounts |
31/03/14 |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
|
|
|
Pre-tax profit margin % |
0.59 |
1.43 |
7.39 |
10.11 |
7.26 |
|
|
Current ratio |
2.10 |
2.21 |
2.24 |
1.54 |
1.65 |
|
|
Sales/Net Working Capital |
2.79 |
2.65 |
4.35 |
3.90 |
3.89 |
|
|
Gearing % |
14.10 |
44.70 |
20.40 |
11.20 |
6.80 |
|
|
Equity in % |
51.70 |
48.40 |
49.70 |
32.90 |
39 |
|
|
Creditor Days |
30.65 |
22 |
20.18 |
51.81 |
38.31 |
|
|
Debtor Days |
115.68 |
98.03 |
64.34 |
126.45 |
99.47 |
|
|
Liquidity/Acid Test |
1.41 |
1.43 |
1.44 |
1.05 |
1.17 |
|
|
Return On Capital Employed % |
1.35 |
3.17 |
27.02 |
36.78 |
25.97 |
|
|
Return On Total Assets Employed % |
0.77 |
1.87 |
16.10 |
13.43 |
10.75 |
|
|
Current Debt Ratio |
0.82 |
0.84 |
0.81 |
1.93 |
1.51 |
|
|
Total Debt Ratio |
0.93 |
1.07 |
1.01 |
2.04 |
1.57 |
|
|
Stock Turnover Ratio % |
22.49 |
24.27 |
14.72 |
22.79 |
18.61 |
|
|
Return on Net Assets Employed % |
1.50 |
3.88 |
32.52 |
40.90 |
27.73 |
Event
history
|
Date |
Description |
|
24/12/2014 |
New Accounts Filed |
|
24/12/2014 |
New Accounts Filed |
|
11/11/2014 |
Annual Returns |
|
01/11/2013 |
Annual Returns |
|
16/10/2013 |
New Accounts Filed |
|
13/12/2012 |
Mr S. McDowell has resigned as company secretary |
|
13/12/2012 |
New Company Secretary Mrs J. Athey appointed |
|
26/11/2012 |
New Accounts Filed |
|
16/10/2012 |
Annual Returns |
|
16/11/2011 |
New Accounts Filed |
|
12/11/2011 |
Annual Returns |
|
13/01/2011 |
New Accounts Filed |
|
13/01/2011 |
New Accounts Filed |
|
02/11/2010 |
Annual Returns |
|
27/01/2010 |
Annual Returns |
Previous
company names
|
Date |
Previous Name |
|
20/03/2003 |
EVER 1919 LIMITED |
Writ
details
No writs found
Summary
|
Holding Company |
CRABTREE OF GATESHEAD (HOLDINGS) LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
CRABCO LIMITED |
Group
structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
06119559 |
31.03.2014 |
Y |
£17,024,361 |
|
|
05555711 |
31.03.2014 |
N |
|
|
|
04562891 |
31.03.2014 |
N |
£17,024,361 |
Mortgage
details
|
Mortgage Type: |
|||
|
Date Charge Created: |
23/05/14 |
||
|
Date Charge Registered: |
30/05/14 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
L/H UNITS 1 AND 3 SITE NUMBERS BT1/147,186, 186X AND 229 KINGSWAY SOUTH
TEAM VALLEY TRADING ESTATE GATEHEAD TYNE & WEARCONTAINS FIXED
CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage Type: |
|||
|
Date Charge Created: |
19/03/14 |
||
|
Date Charge Registered: |
20/03/14 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL
THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR
AMENDMENT OF CHARGE. |
||
|
Mortgage Type: |
|||
|
Date Charge Created: |
19/03/14 |
||
|
Date Charge Registered: |
20/03/14 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
NONECONTAINS FIXED CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF
CHARGE. |
||
|
Mortgage Type: |
CHATTEL MORTGAGE |
||
|
Date Charge Created: |
27/03/13 |
||
|
Date Charge Registered: |
03/04/13 |
||
|
Date Charge Satisfied: |
13/04/15 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK)
LIMITED; |
||
|
Amount Secured: |
|||
|
Details: |
YAMAZAKI MAZAK VERTICAL CNC MACHINING CENTRE VTC800/30SR S/NO 229908,
ROBBI OMICRON GE1500 T5 SERIES SEMI AUTOMATIC EXTERNAL GRINDING MACHINE S/NO
15211026, DOOSAN PUMA 480L CNC LATHE S/NO ML0147-000308 AND DOOSAN PUMA 700LY
CNC LATHE S/NOP700LY-000018 |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
19/10/11 |
||
|
Date Charge Registered: |
24/10/11 |
||
|
Date Charge Satisfied: |
29/05/14 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||
|
Mortgage Type: |
CHATTELS MORTGAGE |
||
|
Date Charge Created: |
12/07/04 |
||
|
Date Charge Registered: |
13/07/04 |
||
|
Date Charge Satisfied: |
29/06/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED |
||
|
Amount Secured: |
|||
|
Details: |
ALL AND SINGULAR THE CHATTELS PLANT ANDMACHINERY OR ANY PART THEREOF
DAEWOO MYNX 400 CNC VMC (AM400G) S/N AV4E0111 ANDDAEWOO MYNX 550 CNC VMC
(AM500BE) S/N AV5500144 |
||
|
Mortgage Type: |
CHATTELS MORTGAGE |
||
|
Date Charge Created: |
25/04/03 |
||
|
Date Charge Registered: |
26/04/03 |
||
|
Date Charge Satisfied: |
29/06/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK)
LIMITED |
||
|
Amount Secured: |
|||
|
Details: |
(I) MAZAK SQT15 CNC LATHE AND TOOLING,S/NO 116815; (II) UNION CBFK 150
CNC M/C AND TOOLING, S/NO 11700; ALL PLANT MACHINERY AND THINGS THEREON; SEE
FORM 395 FOR FURTHER DETAILSSEE THE MORTGAGE CHARGEDOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
26/03/03 |
||
|
Date Charge Registered: |
15/04/03 |
||
|
Date Charge Satisfied: |
29/06/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
UK LAND ESTATES LIMITED |
||
|
Amount Secured: |
|||
|
Details: |
THE BALANCE FROM TIME TO TIME STANDINGFTO THE CREDIT OF A SEPARATE
INTEREST BEARING DEPOSIT ACCOUNTWITH ALL THE ENTITLEMENTS AND INTEREST AND
OTHER RIGHTS AND BENEFITS ACCRUING TO OR ARISING IN CONNECTION THEREWITHSEE
THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
18/03/03 |
||
|
Date Charge Registered: |
29/03/03 |
||
|
Date Charge Satisfied: |
29/06/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
|||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
18/03/03 |
||
|
Date Charge Registered: |
22/03/03 |
||
|
Date Charge Satisfied: |
29/06/11 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
NORTHERN VENTURE MANAGERS LIMITED |
||
|
Amount Secured: |
|||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERYSEE THE MORTGAGECHARGE DOCUMENT
FOR FULL DETAILS |
||
Previous
director / company secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Timothy Roland Levett |
33 |
41 |
|
Stephen McDowell |
5 |
3 |
|
Michael Blackie |
0 |
3 |
|
Stephen Chaney |
0 |
2 |
|
EVERDIRECTOR LIMITED |
89 |
772 |
|
SILVERSTONE RESIDENTS COMPANY |
116 |
730 |
|
Paul John McKie |
2 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.47 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.70.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
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.