MIRA INFORM REPORT

 

 

Report No. :

343263

Report Date :

01.10.2015

 

IDENTIFICATION DETAILS

 

Name :

DEREK RAPHAEL & COMPANY LIMITED

 

 

Registered Office :

118 Baker Street London W1U 6TT

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2013

 

 

Date of Incorporation :

21.12.1973

 

 

Com. Reg. No.:

01153094

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

·         Wholesale of Metals and Metal Ores.

·         Trading in Ferro Alloys, Metals, Ores and Minerals.

 

 

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 :

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 name & address

 

Company Name:           DEREK RAPHAEL & COMPANY LIMITED

 

Company No:                01153094

 

Company Status:          Active - Accounts Filed

 

Registered Address:      118 BAKER STREET LONDON W1U 6TT

 

 

Company Summary

 

Registered Address

118 BAKER STREET
LONDON
W1U 6TT

Trading Address

118 Baker Street
London
W1U 6TT

Website Address

http://www.derek-raphael.co.uk

 

 

Telephone Number

02074866000

Fax Number

 

TPS

Yes

FPS

No

Incorporation Date

21/12/1973

 

 

Previous Name

 

Type

Private limited with Share Capital

 

 

FTSE Index

-

Date of Change

-

Filing Date of Accounts

26/06/2014

Currency

GBP

Share Capital

£1,000,000

SIC07

46720

 

Charity Number

--

SIC07 Description

WHOLESALE OF METALS AND METAL ORES

Principal Activity

Trading in ferro alloys, metals, ores and minerals. Accounts data converted from US Dollar.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/12/2013

£191,380,253

£2,907,347

£14,317,841

3

31/12/2012

£296,266,035

£576,828

£12,448,018

3

31/12/2011

£427,891,190

£4,579,205

£16,739,558

3

 

 

Mortgage Summary

 

Total Mortgage              33

Outstanding                  5

Satisfied                       28

 

 

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.

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 -

-

 

 

Current Directors

 

Name

Derek Neale Raphael

Date of Birth

03/09/1938

Officers Title

Mr

Nationality

British

Present Appointments

9

Function

Director

Appointment Date

16/05/1991

Address

99 Clifton Hill, London, NW8 0JR

 

Name

Andrew David Raphael

Date of Birth

15/04/1969

Officers Title

Mr

Nationality

British

Present Appointments

11

Function

Director

Appointment Date

13/06/2001

Address

Birch House Ampney Crucis, Cirencester, Gloucestershire, GL7 5SG

 

 

 

Current Company Secretary

 

Name

Cherryll Sandra Wood

Date of Birth

24/07/1946

Officers Title

Mrs

Nationality

British

Present Appointments

10

Function

Company Secretary

Appointment Date

30/09/2001

Address

Spearhill, Billingshurst Road, Ashington, West Sussex, RH20 3BA

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

DEREK RAPHAEL (HOLDINGS) LTD

GBP

999,999

ORDINARY

1

100

DEREK NEALE RAPHAEL

GBP

1

ORDINARY

1

0

 

 

Profit & Loss

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

£191,380,253

-35.4%

£296,266,035

-30.8%

£427,891,190

8.6%

£393,827,884

111.6%

£186,081,968

Export

-

-

£266,390,297

-29.5%

£377,872,209

6.8%

£353,730,828

97.9%

£178,778,700

Cost of Sales

£186,942,075

-36.4%

£293,838,611

-30.2%

£421,111,111

9.8%

£383,478,539

124.6%

£170,774,122

Gross Profit

£4,438,178

82.8%

£2,427,424

-64.2%

£6,780,079

-34.5%

£10,349,345

-32.4%

£15,307,845

Wages & Salaries

£50,860

13.2%

£44,914

-18.9%

£55,390

0.5%

£55,109

24.3%

£44,339

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

£3,546,786

121.6%

£1,600,723

-71.8%

£5,679,293

-39.8%

£9,440,232

-32%

£13,877,137

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

£10,266

14.1%

£8,998

24.5%

£7,229

-10.5%

£8,078

49.4%

£5,405

Interest Payments

£639,439

-37.5%

£1,023,895

-8%

£1,112,509

27.6%

£871,935

190.6%

£300,052

Pre Tax Profit

£2,907,347

404%

£576,828

-87.4%

£4,579,205

-46.6%

£8,568,374

-37.3%

£13,662,516

Taxation

-£773,786

-275.4%

-£206,119

84.7%

-£1,347,196

35.8%

-£2,099,840

47.8%

-£4,024,254

Profit After Tax

£2,133,561

475.5%

£370,709

-88.5%

£3,232,009

-50%

£6,468,534

-32.9%

£9,638,262

Dividends Payable

£370,709

-87.3%

£2,917,721

-62.4%

£7,766,413

-14.4%

£9,072,335

-20.1%

£11,356,959

Retained Profit

£1,762,852

169.2%

-£2,547,012

43.8%

-£4,534,404

-74.1%

-£2,603,800

-51.5%

-£1,718,697

 

 

Balance Sheet

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Tangible Assets

£486,321

28.2%

£379,350

-38%

£611,749

8.4%

£564,442

999.9%

£24,249

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£486,321

28.2%

£379,350

-38%

£611,749

8.4%

£564,442

999.9%

£24,249

Stock

£29,812,495

-28.4%

£41,611,913

-29.7%

£59,161,752

5.6%

£56,013,099

75.9%

£31,843,454

Trade Debtors

£20,890,105

40%

£14,923,971

-51.6%

£30,865,385

-14.9%

£36,250,380

126.7%

£15,993,599

Cash

£764,162

-23.5%

£999,408

-57.4%

£2,345,063

-28.5%

£3,280,328

81.1%

£1,811,573

Other Debtors

£622,069

-11.5%

£703,015

61.3%

£435,944

-14.5%

£510,055

-44.3%

£915,792

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£52,088,831

-10.6%

£58,238,307

-37.2%

£92,808,144

-3.4%

£96,053,863

90%

£50,564,417

Trade Creditors

£4,407,629

56.9%

£2,809,834

-4.8%

£2,953,056

-59.6%

£7,316,520

226.7%

£2,239,341

Bank Loans & Overdrafts

£18,357,622

-33.9%

£27,780,237

-53%

£59,164,759

-3.9%

£61,568,634

261.5%

£17,029,117

Other Short Term Finance

£13,647,587

-6%

£14,525,068

15.8%

£12,545,428

172.1%

£4,609,897

-14.1%

£5,365,200

Miscellaneous Current Liabilities

£1,844,473

74.9%

£1,054,501

-47.7%

£2,017,092

6.2%

£1,900,177

-55.6%

£4,280,981

Total Current Liabilities

£38,257,311

-17.1%

£46,169,640

-39.8%

£76,680,335

1.7%

£75,395,228

160.8%

£28,914,639

Bank Loans & Overdrafts and LTL

£18,357,622

-33.9%

£27,780,237

-53%

£59,164,759

-3.9%

£61,568,634

261.5%

£17,029,117

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Called Up Share Capital

£1,145,358

-

£1,145,358

-9.4%

£1,263,856

0.1%

£1,262,878

7.4%

£1,176,248

P & L Account Reserve

£13,162,674

16.6%

£11,292,851

-27%

£15,464,879

-22.5%

£19,949,384

-2.6%

£20,487,705

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£9,809

-

£9,809

-9.4%

£10,824

0.1%

£10,815

7.4%

£10,073

Shareholder Funds

£14,317,841

15%

£12,448,018

-25.6%

£16,739,558

-21.1%

£21,223,077

-2.1%

£21,674,027

 

 

Other Financial Items

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Net Worth

£14,317,841

15%

£12,448,018

-25.6%

£16,739,558

-21.1%

£21,223,077

-2.1%

£21,674,027

Working Capital

£13,831,520

14.6%

£12,068,668

-25.2%

£16,127,809

-21.9%

£20,658,635

-4.6%

£21,649,778

Total Assets

£52,575,152

-10.3%

£58,617,657

-37.3%

£93,419,893

-3.3%

£96,618,305

91%

£50,588,666

Total Liabilities

£38,257,311

-17.1%

£46,169,640

-39.8%

£76,680,335

1.7%

£75,395,228

160.8%

£28,914,639

Net Assets

£14,317,841

15%

£12,448,018

-25.6%

£16,739,558

-21.1%

£21,223,077

-2.1%

£21,674,027

 

 

Miscellaneous

 

Date Of Accounts

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

(%)

31/12/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£14,317,841

15%

£12,448,018

-25.6%

£16,739,558

-21.1%

£21,223,077

-2.1%

£21,674,027

Number of Employees

3

-

3

-

3

50%

2

-

2

Auditors

WARD GOODMAN

Auditor Comments

The audit report contains no adverse comments

Bankers

AUSTRALIA & NEW ZEALAND BANKING

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/12/13

31/12/12

31/12/11

31/12/10

31/12/09

Pre-tax profit margin %

1.52

0.19

1.07

2.18

7.34

Current ratio

1.36

1.26

1.21

1.27

1.75

Sales/Net Working Capital

13.84

24.55

26.53

19.06

8.60

Gearing %

128.20

223.20

353.40

290.10

78.60

Equity in %

27.20

21.20

17.90

22

42.80

Creditor Days

8.38

3.45

2.51

6.76

4.38

Debtor Days

39.73

18.33

26.25

33.50

31.28

Liquidity/Acid Test

0.58

0.36

0.43

0.53

0.64

Return On Capital Employed %

20.30

4.63

27.35

40.37

63.03

Return On Total Assets Employed %

5.52

0.98

4.90

8.86

27

Current Debt Ratio

2.67

3.70

4.58

3.55

1.33

Total Debt Ratio

2.67

3.70

4.58

3.55

1.33

Stock Turnover Ratio %

15.57

14.04

13.82

14.22

17.11

Return on Net Assets Employed %

20.30

4.63

27.35

40.37

63.03

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

22/05/2015

Annual Returns

10/07/2014

New Accounts Filed

10/07/2014

New Accounts Filed

31/05/2014

Annual Returns

08/06/2013

Annual Returns

29/05/2013

New Accounts Filed

29/05/2013

New Accounts Filed

10/07/2012

New Accounts Filed

10/07/2012

New Accounts Filed

28/05/2012

Annual Returns

27/05/2011

Annual Returns

18/05/2011

New Accounts Filed

18/05/2011

New Accounts Filed

13/07/2010

New Accounts Filed

13/07/2010

New Accounts Filed

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

4 companies

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

DEREK RAPHAEL (HOLDINGS) LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

DEREK RAPHAEL (HOLDINGS) LIMITED

 

 

Group Structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

DEREK RAPHAEL (HOLDINGS)...

01897504

31.12.2013

Y

£191,380,253

DRC PROPERTIES LIMITED

03061333

31.12.2013

N

DEREK RAPHAEL & COMPAN...

03082542

31.12.2013

N

DEREK RAPHAEL & COMPAN...

01153094

31.12.2013

N

£191,380,253

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

09/04/14

Date Charge Registered:

29/04/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

 

Mortgage Type:

Date Charge Created:

09/04/14

Date Charge Registered:

24/04/14

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS NEGATIVEPLEDGE.

 

Mortgage Type:

DEED OF ASSIGNMENT EXECUTED OUTSIDE THEUNITED KINGDOM OVER PROPERTY SITUATED THERE

Date Charge Created:

13/01/09

Date Charge Registered:

11/02/09

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

ING BELGIUM, BRUSSELS, GENEVA BRANCH

Amount Secured:

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

Details:

ANY RIGHTS TO THE GOODS, AS WELL AS ANYCLAIMS ARISING IN RELATION TO THE FURTHER SALE OF SUCH GOODSSEE IMAGE FOR FULLDETAILS

 

Mortgage Type:

DEED OF PLEDGE EXECUTED OUTSIDE THE UNITED KINGDOM OVER PROPERTY SITUATED THERE

Date Charge Created:

13/01/09

Date Charge Registered:

11/02/09

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

ING BELGIUM

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:

ALL SECURITIES VALUABLES CLAIMS DOCUMENTS RELATING TO CLAIMS OR PARTICIPATIONS MONIES AMOUNTS OUTSTANDING IN ANY CURRENCY AND ALL OTHER ASSETS SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

11/07/08

Date Charge Registered:

24/02/14

Date Charge Satisfied:

-

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:

GENERAL CHARGE OF RECEIVABLES AND CONTRACT RIGHTS

Date Charge Created:

11/06/08

Date Charge Registered:

24/02/14

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

DBS BANK LIMITED;

Amount Secured:

Details:

ALL THE COMPANY'S RIGHT, TITLE BENEFITSAND INTEREST IN AND TO ALL RECEIVABLES INCLUDES, INTER ALIA;(I) ANY CONTRACT OFPURCHASE OR SALE FINANCED WHOLLY OR IN PART DIRECTLY OR INDIRECTLY BY THE BANK;(II) ANY MONIES ARISING FROM SUCH CONTRACT.

 

Mortgage Type:

DEED OF GENERAL PLEDGE, HYPOTHECATION AND CHARGE

Date Charge Created:

04/06/08

Date Charge Registered:

18/06/08

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

ING BANK N.V.

Amount Secured:

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

Details:

ALL ITS RIGHT, TITLE AND INTEREST IN THE SECURED DOCUMENTS AND SECURED GOODS SEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

MORTGAGE DEBENTURE

Date Charge Created:

01/08/01

Date Charge Registered:

18/02/14

Date Charge Satisfied:

-

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 MACHINERY

 

Mortgage Type:

DEED OF ASSIGNMENT OF RECEIVABLES AND ACCOUNT CHARGE

Date Charge Created:

07/08/00

Date Charge Registered:

21/08/00

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

FORTIS BANK SA/NV

Amount Secured:

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

Details:

ALL RIGHTS UNDER OR IN CONNECTION WITH THE ASSIGNED PROPERTY AND ALL CLAIMS RELATING THERETO AND ALLMONIES INCLUDING INTEREST FROM TIME TO TIME STANDING TO THE CREDIT IN THE SPECIFIED ACCOUNT SEE THEMORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEED OF PLEDGING RECEIVABLES

Date Charge Created:

08/04/97

Date Charge Registered:

11/04/97

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

DEUTSCHE BANK DE BARY N.V.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THIS DEED OF PLEDGING RECEIVABLES

Details:

ALL THE PRESENT AND FUTURE RECEIVABLES OF DEREK RAPHAEL & CO. LTD FROM THIRD PARTIES WHICH ARE FINANCED BY DEUTSCHE BANK DE BARY N.V., WHETHER MADE OUT TO ORDER OR TO BEARER, AS SOON AS THESE RECEIVABLES BECOME AVAILABLE FOR PLEDGING.

 

Mortgage Type:

DEED OF PLEDGING STOCKS

Date Charge Created:

08/04/97

Date Charge Registered:

11/04/97

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

DEUTSCHE BANK DE BARY N.V.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THIS DEED OF PLEDGING STOCKS

Details:

ALL THE PRESENT AND FUTURE STOCKS WHICHARE FINANCED BY DEUTSCHE BANK DE BARY N.V., INCLUDING ALL STOCKS OF RAW MATERIAL AND SEMI- FINISHED PRODUCTS, ALL IN THE WIDEST SENSE OF THE WORD REGARDLESS OFWHERE AND IN WHAT CONDITION THE GOODS ARE KEPT.

 

Mortgage Type:

GENERAL CHARGE OF RECEIVABLES AND CONTRACT RIGHTS

Date Charge Created:

27/11/96

Date Charge Registered:

18/02/14

Date Charge Satisfied:

-

Status:

SATISFIED

Person(s) Entitled:

SINGER & FRIEDLANDER LIMITED;

Amount Secured:

Details:

ALL THE COMPANY'S RIGHT TITLE AND BENEFITS AND INTEREST IN AND TO ALL "RECEIVABLES" WHICH EXPRESSION IS MORE PARTICULARLY DEFINED IN THE CHARGE BUT WHICH (WITHOUT PREJUDICE TO SUCH DEFINITION) INCLUDES INTER ALIA; (I) ANY CONTRACT OF PURCHASE OR SALE FINANCED WHOLLY OR IN PART DIRECTLY OR INDIRECTLY BY THE BANK. (II) ANY MONIES ARSING FROM SUCH CONTRACT.

 

Mortgage Type:

FIXED CHARGE OVER BOOK DEBTS

Date Charge Created:

18/04/96

Date Charge Registered:

08/05/96

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

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

Details:

FIXED CHARGE OVER ALL BOOK AND OTHER DEBTS ARISING AS ARESULT OF SALES OF METALS PURSUANT TO A FACILITY LETTER DATED 18TH MAY 1995 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

FIXED CHARGE

Date Charge Created:

27/07/95

Date Charge Registered:

15/08/95

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

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

Details:

ALL BOOK DEBTS AND OTHER DEBTS FROM TIME TOT IME DUE OWING OR INCURRED TO THE COMPANY ARISING AS A RESULT OF SALES OF METALS AND OTHER COMMODITIES THE PURCHASEOF WHICH HAVE BEEN FINANCED BY THE BANKPURSUANT TO A FACILITY LETTER DATED 18TH MAY 1995.

 

Mortgage Type:

RECEIVABLES ASSIGNMENT

Date Charge Created:

01/12/94

Date Charge Registered:

14/12/94

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

MOSCOW NARODNY BANK LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THEFACILITY AGREEMENT DATED 1ST DECEMBER 1994 AND/OR THE ASSIGNMENT AND/OR ANY OTHER SECURITY DOCUMENT(AS DEFINED)

Details:

ALL RIGHTS OF EVERY KIND IN RELATION TOANY INVOICE REFERRED TO IN A RECEIVABLES NOTICE OR ANY SUMS UNDER OR IN CONNECTION SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

GENERAL LETTER OF PLEDGE AND HYPOTHECATION

Date Charge Created:

01/12/94

Date Charge Registered:

14/12/94

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

MOSCOW NARODNY BANK LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE DEED (AS DEFINED THEREIN)

Details:

A PLEDGE UPON ALL GOODS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

GENERAL CHARGE OF RECEIVABLES AND CONTRACT RIGHTS

Date Charge Created:

07/02/94

Date Charge Registered:

25/02/94

Date Charge Satisfied:

19/11/97

Status:

SATISFIED

Person(s) Entitled:

HILL SAMUEL BANK LIMITED

Amount Secured:

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

Details:

ALL THE COMPANY\S RIGHT TITLE BENEFITS AND INTEREST IN AND TO ALL RECEIVABLES WHICH EXPRESSION IS MORE PARTICULARLY DEFINED IN THE DEED OF CHARGE BUT WHICH (WITHOUT PREJUDICE TO SUCH DEFINITION ) INCLUDES INTER ALIA; (1) ANY CONTRACT OF PURCHASE OR SALE FINANCED WHOLLY OR IN PART DIRECTLY OR INDIRECTLYBY THE BANK

 

Mortgage Type:

LETTER OF HYPOTHECATION AND LIEN

Date Charge Created:

03/11/92

Date Charge Registered:

20/11/92

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Amount Secured:

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

Details:

ALL BILLS OF EXCHANGE, PROMISSORY NOTESAND NEGOTIABLE INSTRUMENTS OF ANY DESCRIPTION, ALL BILL OF LADING, DOCK WARRANTS, DELIVERY ORDERS, WAREHOUSE WARRANTS AND RECEIPTS (FOR FULL DETAILS SEE FORM 395)

 

Mortgage Type:

ASSIGNMENT OF RECEIVABLES

Date Charge Created:

16/03/92

Date Charge Registered:

02/04/92

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

BANQUE BRUXELLES LAMBERT (SUISSE) S.A.

Amount Secured:

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

Details:

ALL RECEIVABLES WHERE FINANCE HAS BEEN OR WILL BE AFFORDED BY THE BANK TO ASSIST IN THE PURCHASE OFTHE UNDERLYING TRADE ASSETS, TOGETHER WITH ALL PREFERENTIALAND ANCILLIARY RIGHTS ATTACHED TO SUCHRECEIVABLES

 

Mortgage Type:

DEED OF PLEDGE AND ASSIGNMENT

Date Charge Created:

16/03/92

Date Charge Registered:

02/04/92

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

BANQUE BRUXELLES LAMBERT (SUISSE) SA

Amount Secured:

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

Details:

ALL SECURITIES, VALUABLES, CLAIMS, DOCUMENTS RELATING TO CLAIMS OR PARTICIPATIONS, MONIES, AMOUNTS OUTSTANDING IN ANY CURRENCY, AND ALL OTHER ASSETS INCLUDING ALL DUE AND FUTURE RIGHTS AND PROCEEDS DERIVING FROM THEM WHICH ARE OR WILL BE HELD EITHER ENTIRELY OR IN PART UNDER WHATEVER DESIGNATION BYTHE BANK OR ELSEWHERE IN THE NAME OF THE BANK FOR ACCOUNT OFTHE COMPANY(FOR FULL DETAILS SEE FORM 395 AND CONTD SHEETS)

 

Mortgage Type:

GENERAL ASSIGNMENT OF RECEIVABLES

Date Charge Created:

20/03/92

Date Charge Registered:

27/03/92

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

BANK MEES & HOPE NV

Amount Secured:

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

Details:

CLAUSE 2 OF THE ASSIGNMENT PROVIDES THAT THE COMPANY AS BENEFICIAL OWNER IRREVOCABLY ASSIGNS ABSOLUTELY AND AGRESS TO ASSIGN ABSOLUTELY TO THE BANK ALL ITS RIGHT, TITLE AND INTEREST IN AND TO ALL RECEIVABLES AS A CONTINUING SECURITY FOR THE PAYMENT OR DISCHARGE TO THE BANK ON DEMAND OF THE SECURED LIABILITIES(FOR FULL DETAILS SEE FROM 395 AND CONTD SHEETS)

 

Mortgage Type:

SECURITY ASSIGNMENT

Date Charge Created:

20/01/92

Date Charge Registered:

05/02/92

Date Charge Satisfied:

06/10/95

Status:

SATISFIED

Person(s) Entitled:

BSI-BANCA DELLA SVIZZERA ITALIANA

Amount Secured:

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

Details:

(A) CERTAIN LETTERS OF CREDIT OF WHICH THE COMPANY IS THE BENEFICIARY OR TRANSFEREE TOGETHER WITH (1) ALL SUMS PAYABLE AND ALL BENEFITS OR PROCEEDS ARISING (11) ALL DRAFTS DRAWN OR UNDERTAKINGS OR GUARANTEES GIVEN AND (111) ALL RIGHTS, ACTIONS AND REMEIES ACCRUING

 

Mortgage Type:

SECURITY AGREEMENT OVER CASH DEPOSITS

Date Charge Created:

20/01/92

Date Charge Registered:

05/02/92

Date Charge Satisfied:

06/10/95

Status:

SATISFIED

Person(s) Entitled:

BSI-BANCA DELLA SVIZZERA ITALIANA

Amount Secured:

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

Details:

ANY SUM DEPOSITED IN CERTAIN ACCOUNTS OF THE COMPANY WITH THE BANK\S LONDON BRANCH TOGETHER WITH ALLINTEREST ACCRUED

 

Mortgage Type:

MEMORANDUM OF DEPOSIT OF SECURITIES

Date Charge Created:

28/10/91

Date Charge Registered:

14/11/91

Date Charge Satisfied:

19/01/02

Status:

SATISFIED

Person(s) Entitled:

AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Amount Secured:

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

Details:

ALL INTEREST DIVIDENDS, BONUS ISSUES, OFFERS BY WAY OF RIGHTS, BENEFITS,RIGHTS,AND ENTITLEMENTS. FOR FULL DETAILS SEE FORM 395)

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

13/12/90

Date Charge Registered:

19/12/90

Date Charge Satisfied:

05/12/95

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:

L/HOLD LAND AT CLAY STREET AND BROMPTONROAD, SHEFFIELD.

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

31/07/90

Date Charge Registered:

01/08/90

Date Charge Satisfied:

05/12/95

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:

LAND & BUILDINGS AT CLAY STREET, MALTBYSTREET AND NORMAN STREET, SHEFFIELD SOUTH YORKSHIRE. TITLE NO\S SYK 50866, SYK 4117, SYK 239912, SYK 261829

 

Mortgage Type:

DEBENTURE

Date Charge Created:

06/07/90

Date Charge Registered:

12/07/90

Date Charge Satisfied:

19/01/02

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 FLOATING CHARGE OVER ALL STOCK OF METALS AND ALLOY SITUATE AT THE COMPANY\S PREMISES AT CLAY STREET, ALTERCLIFFE, SHEFFIELD PRESENT AND FUTURE BUT SO THAT THE COMPANY SHALL NOT WITHOUT THE BANK\S CONSENT CREATE ANY MORTGAGE OR CHARGE RANKING IN PRIORITY TO OR PARI PASSY WITH THIS CHARGE

 

Mortgage Type:

ASSIGNMENT

Date Charge Created:

26/09/86

Date Charge Registered:

16/10/86

Date Charge Satisfied:

11/08/92

Status:

SATISFIED

Person(s) Entitled:

IBI FINANCE (UK) PLC

Amount Secured:

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

Details:

ASSIGNMENT OF THE COMPANY'S SALES CONTRACTS COVERING GARDS FINANCED BY IBI FINANCE (UK) PLC

 

Mortgage Type:

CHARGE

Date Charge Created:

18/09/85

Date Charge Registered:

26/09/85

Date Charge Satisfied:

26/09/85

Status:

SATISFIED

Person(s) Entitled:

THE CHASE MANHATTAN BANK.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

ALL STEEL PRODUCTS WAREHOUSED BY THE COMPANY WITH ECCLES TRANSPORT LIMITED AT PRIMROSE PARK, GREASEBOROUGH ROAD ROTHERHAM.

 

Mortgage Type:

LETTER

Date Charge Created:

17/04/84

Date Charge Registered:

02/05/84

Date Charge Satisfied:

02/05/84

Status:

SATISFIED

Person(s) Entitled:

THE CHASE MANHATTAN BANK N.A.

Amount Secured:

VARYING THE TERMS OF A CONTRACTS LETTERDATED 17TH JANUARY 1984 BY LIMITING THEAMOUNT DUE TO £1,000,000

Details:

ALL CONTRACTS OF SALE (AND PROCEEDS THEREOF) BY UNITING THE AMOUNT DUE AS£1,000,000 BETWEEN THE SHEFFIELD OFFICEOF THE COMPANY AND VARIOUS BUYERS.

 

Mortgage Type:

ASSIGNMENT

Date Charge Created:

17/01/84

Date Charge Registered:

30/01/84

Date Charge Satisfied:

30/01/84

Status:

SATISFIED

Person(s) Entitled:

THE CHASE MANHATTAN BANK N.A.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

ALL CONTRACTS OF SALE AND PROCEEDS THERE OF BETWEEN THE SHEFFIELD OFFICE OF THECOMPANY AND VARIOUS BUYERS.

 

Mortgage Type:

ASSIGNMENT OF CASH

Date Charge Created:

31/03/83

Date Charge Registered:

11/04/83

Date Charge Satisfied:

11/04/83

Status:

SATISFIED

Person(s) Entitled:

THE CHASE MANHATTAN BANK N.A.

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

A DEPOSIT OF US $952,250

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

28/04/80

Date Charge Registered:

13/08/80

Date Charge Satisfied:

13/08/80

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:

43 TOPSIDE, GRENOSIDE, SHEFFIELD. SYK 2901 FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Bryan Reginald Marlow

18

2

Bryan Reginald Marlow

18

2

Peter James Freeman

5

6

William Henry Frankel

36

39

Iver Edmund Jacob Benattar

1

11

Iver Edmund Jacob Benattar

1

11

Keith George Bailey

0

4

Roy Maxwell Walton

7

16

Roy Maxwell Walton

7

16

Guy Neville Richard Darby

6

5

Eric Alfred Tracey

1

4

David John Charles Brown

0

2

Shaun Walton

8

4

Paul Clayton

1

2

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.74

UK Pound

1

Rs.99.53

Euro

1

Rs.73.80

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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.