MIRA INFORM REPORT

 

 

Report No. :

352092

Report Date :

30.11.2015

 

IDENTIFICATION DETAILS

 

Name :

FASTBOLT DISTRIBUTORS (UK) LIMITED

 

 

Registered Office :

Fastbolt Buildings, Sherbourne Drive, Tilbrook, Milton Keynes, Mk7 8aw

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

25.08.1982

 

 

Com. Reg. No.:

01660120

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Wholesale of Other Intermediate Products

 

 

No. of Employees :

Not Available

 

 

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 :

Small Company

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 has been a net importer of energy since 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 6.0% in 2014.

 

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

 

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).

 

Source : CIA

 

Company summary

 

Registered Address

 

FASTBOLT BUILDINGS
SHERBOURNE DRIVE, TILBROOK
MILTON KEYNES
MK7 8AW

Trading Address

 

Fastbolt Buildings
Sherbourne Drive
Tilbrook
Milton Keynes, Buckinghamshire
MK7 8AW

Website Address

 

http://www.fastbolt.com

 

Telephone Number

 

01908650100

 

TPS

 

No

FPS

No

Incorporation Date

 

25/08/1982

 

Company Number

 

01660120

 

Previous Name

 

SUPASOL LIMITED

 

Type

 

Private limited with Share Capital

 

Date of Change

 

29/11/1982

 

Filing Date of Accounts

 

30/09/2015

 

Currency

 

GBP

Share Capital

 

£18,900

 

SIC07

 

46760

 

Charity Number

 

--

SIC07 Description

 

Wholesale of Other Intermediate Products

 

Principal Activity

 

Marketing and sales of industrial fasteners.

 

 

 

Key financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

 

31/12/2014

--

--

£1,876,305

 

--

31/12/2013

£6,059,389

 

£67,458

 

£1,963,525

 

--

31/12/2012

£7,092,207

 

£312,777

 

£1,913,390

 

--

 

 

Mortgage Summary

 

Total Mortgage              15

Outstanding                  6

Satisfied                       9


Trade debtors / bad debt summary

 

Total Number of Documented Trade       12

Total Value of Documented Trade          £227,792

 

 

Commentary

 

This company has been treated as a Small company.

The latest Balance Sheet indicates a positive net working capital position.

There has been a reduction in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

 

 

Current Directors

 

Name

Graham Peter Joyce

Date of Birth

22/06/1955

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

07/11/1990

Address

Fastbolt Buildings, Sherbourne Drive, Tilbrook, Milton Keynes, Buckinghamshire, MK7 8AW

 

Name

Amanda Elizabeth True

Date of Birth

04/06/1975

Officers Title

It Director

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

01/08/2011

Address

Fastbolt Buildings, Sherbourne Drive, Tilbrook, Milton Keynes, Buckinghamshire, MK7 8AW

 

Name

Robert James Brunger

Date of Birth

25/04/1963

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/08/2007

Address

Fastbolt Buildings, Sherbourne Drive, Tilbrook, Milton Keynes, Buckinghamshire, MK7 8AW

 

 

Current Company Secretary

 

Name

Robert James Brunger

Date of Birth

25/04/1963

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

11/01/2006

Address

Fastbolt Buildings, Sherbourne Drive, Tilbrook, Milton Keynes, Buckinghamshire, MK7 8AW

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

FASTBOLT GROUP GMBH

GBP

12,600

ORDINARY B

1

66.67

FASTBOLT GROUP GMBH

GBP

6,300

ORDINARY

1

33.33

 

 

Profit & loss

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

barchart-grey

Turnover

-

-

£6,059,389

-14.6%

£7,092,207

-7.1%

£7,637,540

-

-

barchart-grey

Export

-

-

-

-

-

-

-

-

-

barchart-grey

Cost of Sales

-

-100%

£4,293,967

-11.6%

£4,855,249

-0.1%

£4,860,103

-

-

barchart-grey

Gross Profit

-

-

£1,765,422

-21.1%

£2,236,958

-19.5%

£2,777,437

-

-

barchart-grey

Wages & Salaries

-

-

£683,203

-10.1%

£759,559

-4.2%

£793,144

-

-

barchart-grey

Directors Emoluments

-

-

£223,907

-16.3%

£267,552

13.2%

£236,262

-

-

barchart-grey

Operating Profit

-

-

£149,899

-62.2%

£396,884

-58%

£945,890

-

-

barchart-grey

Depreciation

£62,058

-4.5%

£64,955

37.2%

£47,344

27.6%

£37,093

-3.3%

£38,352

barchart-grey

Audit Fees

-

-

£8,539

-38.1%

£13,800

-

£13,800

-

-

barchart-grey

Interest Payments

-

-

£82,441

-2%

£84,107

-13.6%

£97,316

-

-

barchart-grey

Pre Tax Profit

-

-

£67,458

-78.4%

£312,777

-63.1%

£848,591

-

-

barchart-grey

Taxation

-

-

-£17,323

76.1%

-£72,470

68.8%

-£232,448

-

-

barchart-grey

Profit After Tax

-

-

£50,135

-79.1%

£240,307

-61%

£616,143

-

-

barchart-grey

Dividends Payable

-

-

-

-100%

£446,399

197.6%

£150,000

-

-

barchart-grey

Retained Profit

-

-

£50,135

124.3%

-£206,092

-144.2%

£466,143

-

-

 

 

Balance sheet

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Tangible Assets

£1,645,803

-3.2%

£1,700,469

-2.5%

£1,743,637

4.5%

£1,669,229

-0.3%

£1,674,861

barchart-grey

Intangible Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Fixed Assets

£1,645,803

-3.2%

£1,700,469

-2.5%

£1,743,637

4.5%

£1,669,229

-0.3%

£1,674,861

barchart-grey

Stock

£1,902,136

-19.6%

£2,366,772

33%

£1,779,680

-32.5%

£2,637,919

57.5%

£1,674,894

barchart-grey

Trade Debtors

£1,429,157

10.5%

£1,292,810

-3.4%

£1,338,750

-10.6%

£1,497,666

-17.7%

£1,819,822

barchart-grey

Cash

£35,059

110.7%

£16,638

-22.1%

£21,358

999.9%

£1,837

-99%

£190,890

barchart-grey

Other Debtors

0

-100%

£49,855

-4.1%

£51,975

-19.3%

£64,391

-

0

barchart-grey

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Assets

£3,366,352

-9.7%

£3,726,075

16.7%

£3,191,763

-24%

£4,201,813

14%

£3,685,606

barchart-grey

Trade Creditors

£3,001,638

261.4%

£830,622

467.4%

£146,393

-20.7%

£184,501

-93.6%

£2,886,481

barchart-grey

Bank Loans & Overdrafts

0

-100%

£920,269

7.9%

£852,579

-11.1%

£959,347

-

0

barchart-grey

Other Short Term Finance

0

-100%

£1,248,497

-0.5%

£1,255,398

-17.8%

£1,527,911

-

0

barchart-grey

Miscellaneous Current Liabilities

0

-100%

£151,851

-46.1%

£281,759

-34.1%

£427,458

-

0

barchart-grey

Total Current Liabilities

£3,001,638

-4.7%

£3,151,239

24.3%

£2,536,129

-18.2%

£3,099,217

7.4%

£2,886,481

barchart-grey

Bank Loans & Overdrafts and LTL

£134,212

-89.1%

£1,232,049

-8%

£1,338,460

-17%

£1,611,690

96.4%

£820,647

barchart-grey

Other Long Term Finance

0

-

0

-

0

-100%

£4,236

-

0

barchart-grey

Total Long Term Liabilities

£134,212

-57%

£311,780

-35.8%

£485,881

-25.5%

£652,343

-20.5%

£820,647

 

 

Capital & Reserves

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Called Up Share Capital

£18,900

-

£18,900

-

£18,900

-

£18,900

-

£18,900

barchart-grey

P & L Account Reserve

£1,415,919

-5.8%

£1,503,139

3.5%

£1,453,004

-12.4%

£1,659,096

39.1%

£1,192,953

barchart-grey

Revaluation Reserve

-

-

-

-

-

-

-

-

-

barchart-grey

Sundry Reserves

£441,486

-

£441,486

-

£441,486

-

£441,486

-

£441,486

barchart-grey

Shareholder Funds

£1,876,305

-4.4%

£1,963,525

2.6%

£1,913,390

-9.7%

£2,119,482

28.2%

£1,653,339

 

 

Other Financial Items

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Net Worth

£1,876,305

-4.4%

£1,963,525

2.6%

£1,913,390

-9.7%

£2,119,482

28.2%

£1,653,339

barchart-grey

Working Capital

£364,714

-36.6%

£574,836

-12.3%

£655,634

-40.5%

£1,102,596

38%

£799,125

barchart-grey

Total Assets

£5,012,155

-7.6%

£5,426,544

10%

£4,935,400

-15.9%

£5,871,042

9.5%

£5,360,467

barchart-grey

Total Liabilities

£3,135,850

-9.4%

£3,463,019

14.6%

£3,022,010

-19.4%

£3,751,560

1.2%

£3,707,128

barchart-grey

Net Assets

£1,876,305

-4.4%

£1,963,525

2.6%

£1,913,390

-9.7%

£2,119,482

28.2%

£1,653,339

 

Cash Flow

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Net Cashflow from Operations

-

-

£233,959

-85.4%

£1,602,804

999.9%

£13,038

-

-

barchart-grey

Net Cashflow before Financing

-

-100%

£129,629

-79.9%

£643,357

999.9%

£33,519

-

-

barchart-grey

Net Cashflow from Financing

-

-

-£144,924

74.9%

-£576,760

-384.7%

£202,608

-

-

barchart-grey

Increase in Cash

-

-

-£15,295

-123%

£66,597

-71.8%

£236,127

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

barchart-grey

Capital Employed

£2,010,517

-11.6%

£2,275,305

-5.2%

£2,399,271

-13.4%

£2,771,825

12%

£2,473,986

barchart-grey

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

Auditors

HILLIER HOPKINS LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

NATIONAL WESTMINSTER BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/12/14

31/12/13

31/12/12

31/12/11

31/12/10

barchart-grey

Pre-tax profit margin %

-

1.11

4.41

11.11

-

barchart-grey

Current ratio

1.12

1.18

1.26

1.36

1.28

barchart-grey

Sales/Net Working Capital

-

10.54

10.82

6.93

-

barchart-grey

Gearing %

7.20

62.70

70

76

49.60

barchart-grey

Equity in %

37.40

36.20

38.80

36.10

30.80

barchart-grey

Creditor Days

-

49.89

7.51

8.79

-

barchart-grey

Debtor Days

-

77.66

68.70

71.37

-

barchart-grey

Liquidity/Acid Test

0.48

0.43

0.55

0.50

0.69

barchart-grey

Return On Capital Employed %

-

2.96

13.03

30.61

-

barchart-grey

Return On Total Assets Employed %

-

1.24

6.33

14.45

-

barchart-grey

Current Debt Ratio

1.59

1.60

1.32

1.46

1.74

barchart-grey

Total Debt Ratio

1.67

1.76

1.57

1.77

2.24

barchart-grey

Stock Turnover Ratio %

-

39.05

25.09

34.53

-

barchart-grey

Return on Net Assets Employed %

-

3.43

16.34

40.03

-

 

 

Report notes

 

There are no notes to display.

 

 

Status history

 

No status history found

 

 

Event history

 

Date

Description

16/10/2015

New Accounts Filed

08/07/2015

Annual Returns

04/10/2014

New Accounts Filed

04/10/2014

New Accounts Filed

09/07/2014

Annual Returns

10/07/2013

Annual Returns

08/05/2013

New Accounts Filed

08/05/2013

New Accounts Filed

10/07/2012

Annual Returns

18/04/2012

New Accounts Filed

03/08/2011

New Board Member It Director A.E. True appointed

08/07/2011

Annual Returns

23/05/2011

New Accounts Filed

06/08/2010

New Accounts Filed

10/07/2010

Annual Returns

 

 

Previous Company Names

 

Date

Previous Name

29/11/1982

SUPASOL LIMITED

 

 

Writ details

 

No writs found

 

 

Summary

 

Holding Company

--

Ownership Status

Wholly Owned

Ultimate Holding Company

FASTBOLT GROUP GMBH

 

 

Group StructureFull

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

tminus FASTBOLT GROUP GMBH

HRB 14180

31.12.2013

N

L FASTBOLT DISTRIBUTORS...

01660120

31.12.2014

N

 

 

Mortgage Details

 

Mortgage Type:

FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

07/12/10

Date Charge Registered:

09/12/10

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Amount Secured:

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

Details:

BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING OF THE COMPANY AND ALL ASSETS WHATSOEVER AND WHERESOEVER INCLUDING STOCK IN TRADE AND UNCALLED CAPITAL BUT EXCLUDING ANY DEBTS AND ASSOCIATED RIGHTS RELATING THERETO

Mortgage Type:

LEGAL ASSIGNMENT

Date Charge Created:

14/10/08

Date Charge Registered:

16/10/08

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

ANY CREDIT BALANCE DUE UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTS AND INCLUDES AND DISCOUNTING ALLOWANCE AS DEFINED IN AND DUE UNDER THE CONTRACT, THE BENEFIT OF ALL THE OTHER PROVISIONS OF THE CONTRACT AND ALL SECURITIES (IF ANY) FOR THE CONTRACT BUT ONLY IN RESPECT OF THAT CREDIT BALANCE SEE IMAGEFOR FULL DETAILS

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

24/07/08

Date Charge Registered:

26/07/08

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

F/H LAND LYING TO THE SOUTH EAST OF SHERBOURNE DRIVE MILTON KEYNES T/N BM302001WITH THE BENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS,DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FORTHE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEGAL LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

08/06/07

Date Charge Registered:

13/06/07

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

F/H PROPERTY K/A LAND AND BUILDINGS ON THE SOUTH EAST SIDE OF SHERBOURNE DRIVE TILBROOK MILTON KEYNES T/NO BM153253 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 COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED ON AT THE PROPERTY ANYRENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

13/07/05

Date Charge Registered:

15/07/05

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

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:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

02/02/05

Date Charge Registered:

07/02/05

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

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

 

Mortgage Type:

FIXED AND FLOATING CHARGE

Date Charge Created:

04/07/03

Date Charge Registered:

10/07/03

Date Charge Satisfied:

16/02/05

Status:

SATISFIED

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

31/03/98

Date Charge Registered:

09/04/98

Date Charge Satisfied:

02/06/09

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

THE F/H PROPERTY K/A INDUSTRIAL UNIT K/A THE FASTBOLT DISTRIBUTORS (UK) LIMITEDSHERBOURNE DRIVE TILBROOK MILTON KEYNES. AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE FULL BENEFIT OF ALL LICENCES

 

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

28/03/95

Date Charge Registered:

03/04/95

Date Charge Satisfied:

02/06/09

Status:

SATISFIED

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES FLOATING CHARGE OVER ALL MOVEABLE PLANTMACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE FULL BENEFIT OF ALL LICENCES

Mortgage Type:

DEBENTURE

Date Charge Created:

06/07/92

Date Charge Registered:

07/07/92

Date Charge Satisfied:

29/10/99

Status:

SATISFIED

Person(s) Entitled:

BURDALE ACCEPTANCES LIMITED

Amount Secured:

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

Details:

BY WAY OF FIXED EQUITABLE CHARGE ALL ESTATES AND INTERESTS IN ANY FREEHOLD ,LEASEHOLD AND HEREITABLEPROPERTY NOW AND AT ANY TIME DURING THE CONTINUANCE OF THIS SECURITY BELONGING TO OR CHARGED TO THE COMPANY.PLEASE SEE DOC FOR FURTHER DETAILS.

 

Mortgage Type:

DEBENTURE

Date Charge Created:

18/04/91

Date Charge Registered:

23/04/91

Date Charge Satisfied:

10/06/92

Status:

SATISFIED

Person(s) Entitled:

HARVEY & THOMPSON TRADE FINANCE LIMITED

Amount Secured:

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

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:

29/10/90

Date Charge Registered:

01/11/90

Date Charge Satisfied:

29/10/99

Status:

SATISFIED

Person(s) Entitled:

31 PLC

Amount Secured:

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

Details:

STOCK-IN-TRADE, WORK-IN-PROGRESS PRE-PAYMENTS & INVESTMENTS FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITALBUILDINGS FIXTURES FIXED PLANT AND MACHINERY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

05/06/85

Date Charge Registered:

13/06/85

Date Charge Satisfied:

07/05/91

Status:

SATISFIED

Person(s) Entitled:

REICHMAN LTD

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE OR ANY COMPANYWHICH MAY FROM TIME TO TIME BE A HOLDING OR SUBSIDIARY COMPANY OR AN ASSOCIATEDCOMPANY OF THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

ALL THE UNDERTAKING ASSETS AND RIGHTS INCLUDING ALL BOOK DEBTS AND OTHER DEBTS,NOW AND FROM TIME TOTIME DUE OR OWING TO THE COMPANY

Mortgage Type:

MORTGAGE DEBENTURE REGISTERED PURSUANT TO A STATUTORY DECLARATION DATED 25-7-83

Date Charge Created:

25/04/83

Date Charge Registered:

10/05/83

Date Charge Satisfied:

10/05/83

Status:

SATISFIED

Person(s) Entitled:

UNITED CITY MERCHANTS CONFIMING LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE CHARGE

Details:

A SPECIFIC EQUITABLE CHARGE OVER ALL F/HOLD AND L/HOLD PROPERTIES FIXED & FLOATING CHARGES OVER: UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOKDEBTS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

16/03/83

Date Charge Registered:

21/03/83

Date Charge Satisfied:

12/10/95

Status:

SATISFIED

Person(s) Entitled:

LLOYDS BANK PLC

Amount Secured:

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

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES(INCLUDING TRADE FIXTURES) FIXED PLANT AND MACHINERY

 

 

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

12

£227,792

Company Name

Amount

Statement Date

Trevafield Fasteners Limited

£191,903

29/06/2012

Trevafield Fasteners Limited

£23,134

29/06/2012

Parkers Of Peterborough Ltd

£4,266

08/03/2011

N England Fasteners Ltd

£2,662

18/03/2014

Brookdale Industrial Fasteners Limited

£2,122

31/01/2012

Paramount Fastener And Tool Service Limited

£1,052

30/03/2010

Cartwright Timber Fixings Ltd

£921

20/02/2015

Bolt Tool Hire Limited

£595

08/07/2010

Teign Pre Pack Ltd

£419

02/10/2014

Cambridge Engineering Services Limited

£290

14/07/2015

Malton Engineering Supplies Limited

£228

06/08/2013

Plymouth Fastener Company Limited

£200

10/11/2009

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Karen Annette Storch

0

1

David John Tomlin

0

1

Roy Crosby

1

3

Roy Crosby

1

3

Heinz Guenter Reinhard Storch

1

1

Neil Jackson

1

5

Philip William Matten

0

2

Samuel Roy Hill

0

2

Tony Andrew French

0

1

Richard Alan Blythe

2

2

Andrew John Sullivan

1

1

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.67

Euro

1

Rs.70.87

GBP

1

Rs.0.015

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

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%)

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.