MIRA INFORM REPORT

 

 

Report No. :

352407

Report Date :

30.11.2015

 

IDENTIFICATION DETAILS

 

Name :

WESTBROOK RESOURCES LIMITED

 

 

Registered Office :

Westbrook House Wreakes Lanedronfieldsheffields18 1LY

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

22.08.2000

 

 

Com. Reg. No.:

04057615

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Wholesale of metals and metal ores

  • A group engaged in distribution of ferro alloys.

 

 

No. of Employee :

22

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

No complaints

 

 

Litigation :

Clear

 

 

NOTES :

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

 

 

ECGC Country Risk Classification List – 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 Name

 

WESTBROOK RESOURCES LIMITED

 

 

Company No

 

04057615

 

 

Registered Address

 

WESTBROOK HOUSE WREAKES LANEDRONFIELDSHEFFIELDS18 1LY

 

 

Company Summary

 

Registered Address

 

WESTBROOK HOUSE WREAKES LANE
DRONFIELD
SHEFFIELD
S18 1LY

 

Trading Address

 

Westbrook House
Wreakes Lane
Dronfield
Derbyshire
S18 1LY

 

Website Address                      http://www.wbrl.co.uk

Telephone Number                   01246292292

Fax Number    

TPS                                          No

FPS                                          No

Incorporation Date                   22/08/2000

Previous Name                         BROOMCO (2281) LIMITED

Type                                         Private limited with Share Capital

FTSE Index                              -

Date of Change                         20/09/2000

Filing Date of Accounts            16/04/2015

Currency                                  GBP

Share Capital                           £150,000

SIC07                                       46720

Charity Number                        -

SIC07 Description                    WHOLESALE OF METALS AND METAL ORES

Principal Activity                      A group engaged in distribution of ferro alloys. Accounts data converted from US dollar.65

 

 

Key Financials

 

Year to Date                 Turnover          Pre Tax Profit               Shareholder     Funds Employees

31/12/2014                    £52,420,640      £764,555                       £5,314,062        22

31/12/2013                    £44,161,098      £441,274                       £4,349,527        22

31/12/2012                    £43,996,749      -£1,458,672                   £4,270,062        22

 

 

Mortgage Summary

 

Total Mortgage             8

Outstanding                 2

Satisfied                       6

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                 4

Total Value of Documented Trade                    £43,292

 

 

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 has only made late payments on a low percentage of invoices.

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

This company's bank loans and overdrafts (less cash) account for a high percentage of short term liabilities.

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 -

-

 

 

Total Current Directors

4

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

10

 

 

Current Directors

 

Name

Ian Paul Howe

Date of Birth

27/02/1963

Officers Title

Mr

Nationality

British

Present Appointments

5

Function

Director

Appointment Date

04/11/2002

Address

Westbrook House Wreakes Lane, Dronfield, Sheffield, S18 1LY

 

Name

Lee Graham Bruce

Date of Birth

04/02/1971

Officers Title

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

11/08/2004

Address

Westbrook House Wreakes Lane, Dronfield, Sheffield, S18 1LY

 

Name

Shaun Walton

Date of Birth

26/04/1966

Officers Title

Mr

Nationality

British

Present Appointments

8

Function

Director

Appointment Date

13/09/2000

Address

Westbrook House Wreakes Lane, Dronfield, Sheffield, S18 1LY

 

Name

Nicholas Lee Jones

Date of Birth

22/03/1978

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

21/11/2011

Address

Westbrook House Wreakes Lane, Dronfield, Sheffield, S18 1LY

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

WESTBROOK HOLDINGS LTD

GBP

100,000

ORDINARY

1

66.67

WESTBROOK HOLDINGS LTD

USD

50,000

ORDINARY A

1

33.33

 

 

Financials

 

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

Y

(%)

Y

(%)

Y

(%)

Y

(%)

Y

Turnover

£52,420,640

18.7%

£44,161,098

0.4%

£43,996,749

0.1%

£43,949,532

34.8%

£32,603,719

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£47,977,847

19.1%

£40,294,985

-4.4%

£42,130,516

-2.4%

£43,152,036

45.3%

£29,705,287

Gross Profit

£4,442,793

14.9%

£3,866,113

107.2%

£1,866,233

134%

£797,496

-72.5%

£2,898,432

Wages & Salaries

£1,545,995

20.3%

£1,285,293

6.3%

£1,209,440

6.8%

£1,132,684

10.1%

£1,028,333

Directors Emoluments

£740,916

30%

£570,104

4.8%

£544,218

40.6%

£387,048

1%

£383,253

Operating Profit

£1,047,548

47.2%

£711,577

161%

-£1,166,697

44.7%

-£2,111,055

-999.9%

£181,508

Depreciation

£8,105

-89.1%

£74,047

-63.6%

£203,480

-18.5%

£249,810

-6.8%

£268,151

Audit Fees

£33,095

1.8%

£32,509

-

£32,509

60.6%

£20,238

6.7%

£18,973

Interest Payments

£282,993

4.7%

£270,303

-7.4%

£291,975

-12.4%

£333,291

95.9%

£170,124

Pre Tax Profit

£764,555

73.3%

£441,274

130.3%

-£1,458,672

40.3%

-£2,444,346

-999.9%

£11,384

Taxation

-£193,165

32.7%

-£287,159

-142.1%

-£118,596

-120.7%

£572,983

999.9%

-£17,076

Profit After Tax

£571,390

270.8%

£154,115

109.8%

-£1,577,268

15.7%

-£1,871,364

-999.9%

-£5,692

Dividends Payable

£135,080

79.5%

£75,251

-

-

-

-

-

-

Retained Profit

£436,310

453.2%

£78,863

105%

-£1,577,268

15.7%

-£1,871,364

-999.9%

-£5,692

 

Balance Sheet

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Tangible Assets

£16,885

3.9%

£16,254

-77.3%

£71,639

-75.9%

£297,243

-45.4%

£544,523

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£16,885

3.9%

£16,254

-77.3%

£71,639

-75.9%

£297,243

-45.4%

£544,523

Stock

£9,287,451

32%

£7,033,291

4.2%

£6,752,152

2%

£6,620,921

-36.3%

£10,394,005

Trade Debtors

£7,455,761

1.2%

£7,369,815

2.2%

£7,211,486

-6%

£7,673,286

20.5%

£6,367,316

Cash

£497,096

317%

£119,198

-60.6%

£302,209

-37.9%

£486,972

8.8%

£447,761

Other Debtors

£2,317,304

20.9%

£1,917,404

-13.3%

£2,211,185

-27.1%

£3,031,242

250.6%

£864,533

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£19,557,612

19%

£16,439,709

-0.2%

£16,477,033

-7.5%

£17,812,421

-1.4%

£18,073,615

Trade Creditors

£1,416,993

-43.9%

£2,524,231

1.2%

£2,494,732

72.3%

£1,448,267

5.6%

£1,371,743

Bank Loans & Overdrafts

£10,988,788

32.5%

£8,292,698

0.6%

£8,242,129

-11.2%

£9,278,396

-2.1%

£9,476,980

Other Short Term Finance

£93,205

867.6%

£9,632

-

£9,632

1.5%

£9,486

-90.8%

£103,086

Miscellaneous Current Liabilities

£1,761,448

37.6%

£1,279,875

-16.5%

£1,532,117

24.1%

£1,234,505

-0.7%

£1,242,727

Total Current Liabilities

£14,260,435

17.8%

£12,106,435

-1.4%

£12,278,611

2.6%

£11,970,655

-1.8%

£12,194,536

Bank Loans & Overdrafts and LTL

£10,988,788

32.5%

£8,292,698

0.6%

£8,242,129

-11.2%

£9,278,396

-2.1%

£9,476,980

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

.

Capital & Reserves

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Called Up Share Capital

£131,703

12.2%

£117,392

-

£117,392

-4.8%

£123,324

-

£123,324

P & L Account Reserve

£5,148,588

22.5%

£4,202,035

1.9%

£4,122,569

-31.1%

£5,984,063

-4.5%

£6,268,657

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£33,770

12.2%

£30,101

-

£30,101

-4.8%

£31,622

-

£31,622

Shareholder Funds

£5,314,062

22.2%

£4,349,527

1.9%

£4,270,062

-30.4%

£6,139,008

-4.4%

£6,423,602

 

Other Financial Items

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Net Worth

£5,314,062

22.2%

£4,349,527

1.9%

£4,270,062

-30.4%

£6,139,008

-4.4%

£6,423,602

Working Capital

£5,297,177

22.2%

£4,333,273

3.2%

£4,198,423

-28.1%

£5,841,766

-0.6%

£5,879,079

Total Assets

£19,574,497

19%

£16,455,963

-0.6%

£16,548,673

-8.6%

£18,109,664

-2.7%

£18,618,138

Total Liabilities

£14,260,435

17.8%

£12,106,435

-1.4%

£12,278,611

2.6%

£11,970,655

-1.8%

£12,194,536

Net Assets

£5,314,062

22.2%

£4,349,527

1.9%

£4,270,062

-30.4%

£6,139,008

-4.4%

£6,423,602

 

Cash Flow

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

£5,314,062

22.2%

£4,349,527

1.9%

£4,270,062

-30.4%

£6,139,008

-4.4%

£6,423,602

Number of Employees

22

-

22

-

22

-4.3%

23

-

23

Accountants

Auditors

GRANT THORNTON UK LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

LLOYDS TSB BANK PLC

Bank Branch Code

30-97-51

 

Ratios

 

Date Of Accounts

31/12/14

31/12/13

31/12/12

31/12/11

31/12/10

Pre-tax profit margin %

1.46

1

-3.32

-5.56

0.03

Current ratio

1.37

1.36

1.34

1.49

1.48

Sales/Net Working Capital

9.90

10.19

10.48

7.52

5.55

Gearing %

206.80

190.70

193

151.10

147.50

Equity in %

27.10

26.40

25.80

33.90

34.50

Creditor Days

9.83

20.80

20.63

11.99

15.31

Debtor Days

51.77

60.74

59.66

63.55

71.08

Liquidity/Acid Test

0.72

0.77

0.79

0.93

0.62

Return On Capital Employed %

14.38

10.14

-34.16

-39.81

0.17

Return On Total Assets Employed %

3.90

2.68

-8.81

-13.49

0.06

Current Debt Ratio

2.68

2.78

2.87

1.94

1.89

Total Debt Ratio

2.68

2.78

2.87

1.94

1.89

Stock Turnover Ratio %

17.71

15.92

15.34

15.06

31.87

Return on Net Assets Employed %

14.38

10.14

-34.16

-39.81

0.17

 

Report Notes

 

There are no notes to display.

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

04/07/2015

Annual Returns

29/04/2015

New Accounts Filed

09/07/2014

Annual Returns

09/04/2014

New Accounts Filed

09/04/2014

New Accounts Filed

03/12/2013

L.G. Bruce has resigned as company secretary

23/09/2013

New Accounts Filed

06/07/2013

Annual Returns

22/09/2012

New Accounts Filed

22/09/2012

New Accounts Filed

14/07/2012

Annual Returns

13/01/2012

New Board Member Mr N.L. Jones appointed

14/09/2011

New Accounts Filed

14/09/2011

New Accounts Filed

12/07/2011

Annual Returns

 

 

Previous Company Names

 

Date

Previous Name

20/09/2000

BROOMCO (2281) LIMITED

 

Writ Details

 

No writs found

Statistics

 

Group

7 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

 

Holding Company

WESTBROOK HOLDINGS LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

WESTBROOK HOLDINGS LIMITED

 

 

Group Structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

tminus WESTBROOK HOLDINGS LIMITED

06432224

31.12.2014

Y

£52,823,855

T WESTBROOK RECYCLING LI...

06624571

31.12.2014

N

tminus WESTBROOK OPERATIONS L...

06712902

31.12.2014

N

L WESTBROOK SOUTH AFRI...

06719619

31.12.2014

N

£1,706,944

tminus WESTBROOK RESOURCES LI...

04057615

31.12.2014

Y

£52,420,640

T WESTBROOK METAL POWD...

07047812

31.12.2014

N

L WESTBROOK LIGHT ALLO...

07047816

31.12.2014

N

£6,249,639

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

28/11/12

Date Charge Registered:

01/12/12

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS TSB 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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:

AN OMNIBUS GUARANTEE AND SET-OFF AGREEMENT

Date Charge Created:

28/11/12

Date Charge Registered:

01/12/12

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE COMPANIES NAMED THEREIN TOTHE CHARGEE ON ANYACCOUNT WHATSOEVER

Details:

ANY SUMS OR SUMS STANDING TO THE CREDITOF ANY ONE OR MORE OF ANY PRESENT OF FUTURE ACCOUNTS OF THE COMPANY WITH THE BANK WHETHER SUCH ACCOUNTS BE DENOMINATED IN STERLING OR IN ANY OTHER CURRENCY OR CURRENCY UNIT, AND THE DEBT OR DEBTS OWING BY THE BANK REPRESENTED BY ANY SUCH SUM OR SUMS (EACH SUCHSUM AND DEBT BEINGA CREDIT BALANCE)

 

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

11/07/08

Date Charge Registered:

12/07/08

Date Charge Satisfied:

01/12/12

Status:

SATISFIED

Person(s) Entitled:

DBS BANK LIMITED

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. SEE IMAGEFOR FULL DETAILS

Mortgage Type:

A SECURITY DEED

Date Charge Created:

11/06/08

Date Charge Registered:

26/06/08

Date Charge Satisfied:

01/12/12

Status:

SATISFIED

Person(s) Entitled:

DBS BANK LIMITED

Amount Secured:

Details:

THE CHARGOR ASSIGNS AND CHARGES AND WILL ASSIGN AND CHARGE TO THE BANK WITH FULL TITLE GURANTEE THECHARGED ASSETS AS ACONTINUING SECURITY FOR THE DUE AND PUNCTUAL PAYMENT AND DISCHARGE OF THE LIABILITIES. SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

28/03/06

Date Charge Registered:

08/04/06

Date Charge Satisfied:

01/12/12

Status:

SATISFIED

Person(s) Entitled:

SINGER & FRIEDLANDER 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

Mortgage Type:

GENERAL CHARGE OF RECEIVABLES AND CONTRACT RIGHTS

Date Charge Created:

21/03/06

Date Charge Registered:

22/03/06

Date Charge Satisfied:

01/12/12

Status:

SATISFIED

Person(s) Entitled:

SINGER & FRIEDLANDER LIMITED

Amount Secured:

Details:

ALL RIGHT TITLE BENEFITS AND INTEREST IN AND TO ALL RECEIVABLES BEING ANY CONTRACT OF PURCHASE OR SALE FINANCED WHOLLY OR IN PART DIRECTLY OR INDIRECTLY BY THEBANK ANY MONIES ARISING FROM SUCH CONTRACTSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

16/05/05

Date Charge Registered:

17/05/05

Date Charge Satisfied:

05/05/06

Status:

SATISFIED

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 UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT 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:

DEBENTURE

Date Charge Created:

04/05/01

Date Charge Registered:

11/05/01

Date Charge Satisfied:

05/05/06

Status:

SATISFIED

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

 

 

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

4

£43,292

Company Name

Amount

Statement Date

Jennings Winch & Foundry Company Ltd

£40,666

13/01/2014

Ashridge Trading Limited

£1,030

06/05/2015

Surecast Alloys Ltd

£1,011

27/06/2012

Derbyshire Castings Limited

£585

19/05/2015

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

John James Cunningham

14

12

Ian Andrew Cunningham

15

2

Caroline Walton

0

1

Lee Graham Bruce

3

3

Giorgio Barelli

1

4

Calro Arturo Ghezzi

0

1

William Francis Gilderoy Glossop

27

5

DLA NOMINEES LIMITED

294

1788

DLA SECRETARIAL SERVICES LIMITED

607

3545

DLA SECRETARIAL SERVICES LIMITED

607

3545

Average Invoice Value

Ł57.24

Invoices available

29

Paid

27

Outstanding

2

 

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

2

25

0

0

0

Outstanding

0

1

0

0

1

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.75

UK Pound

1

Rs.100.68

Euro

1

Rs.70.88

EUR

1

Rs. 70.53

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

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.