3decades

MIRA INFORM REPORT

Report No. :	501642
Report Date :	02.04.2018

IDENTIFICATION DETAILS

Name :	SALEM TUBE INTERNATIONAL LIMITED

Formerly Known As :	DELVEBASIC LIMITED

Registered Office :	114-116 High Street, Gosforth, Newcastle Upon Tyne, NE3 1HB

Country :	United Kingdom

Financials (as on) :	30.09.2016

Date of Incorporation :	20.01.1993

Com. Reg. No.:	02781763

Legal Form :	Private Limited with Share Capital

Line of Business :	· Other manufacturing n.e.c. · A group engaged of supply of tube to the heat exchanger industry.

No. of Employees :	33 [2016]

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Medium Risk

Business dealings permissible on a regular monitoring basis

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Company Summary

Registered Address

114-116 High Street
Gosforth
Newcastle Upon Tyne
NE3 1HB

Trading Address

114-116 High Street
Gosforth
Newcastle Upon Tyne
Tyne and Wear
NE3 1HB

Trading Address

Regents Drive, Prudhoe,

Northumberland, NE42 6PX

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

Company Number 02781763

Telephone Number -

Fax Number -

TPS -

FPS Yes

Incorporation Date 20/01/1993

Previous Name DELVEBASIC LIMITED

Type Private Limited with Share Capital

FTSE Index -

Date of Change 04/03/1993

Filing Date of Accounts 27/06/2017

Currency GBP

Share Capital £1,000

SIC07 32990

Charity Number -

SIC07 Description Other manufacturing n.e.c.

Principal Activity A group engaged of supply of tube to the heat exchanger industry.

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company SALEM TUBE INTERNATIONAL LIMITED

Accountant -

Mortgages 10

Group 2 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
30.09.2016	£9,548,367	£823,759	£3,496,152	33
30.09.2015	£4,894,693	-£246,608	£3,027,763	11
30.09.2014	£9,879,180	£569,988	£3,876,694	27

Mortgage summary

Total Mortgage 10

Outstanding 8

Satisfied 2

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 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 high percentage of invoices.

The company has more cash than short term bank borrowings.

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

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	-

Total Current Directors	2	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	6	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Howard Ions	Nationality	British
Date of Birth	09/1956	Present Appointments	2
Latest Address	13 Princes Court, Princes Street, Corbridge, Northumberland	Appointment Date	04/02/1993
Post Code	NE45 5BZ
Title	Mr	Function	Director
Name	Paul Callighan	Nationality	British
Date of Birth	08/1967	Present Appointments	2
Latest Address	114-116 High Street, Gosforth, Newcastle Upon Tyne	Appointment Date	01/10/2015
Post Code	NE3 1HB

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
HOWARD D. IONS	GBP	850	ORDINARY	1	85
PAUL CALLIGHAN	GBP	150	ORDINARY A	1	15

Profit & Loss

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	Y	(%)	Y	(%)	Y
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Turnover	£9,548,367	95.1%	£4,894,693	-50.5%	£9,879,180	-9.6%	£10,933,591	-6.4%	£11,685,868
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Export	£6,501,835	100.2%	£3,247,709	-51.5%	£6,698,118	-6.4%	£7,158,044	-7.9%	£7,773,563
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Cost of Sales	£7,013,900	87.1%	£3,747,917	-53%	£7,979,070	-12.5%	£9,115,851	-2.9%	£9,385,404
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Gross Profit	£2,534,467	121%	£1,146,776	-39.6%	£1,900,110	4.5%	£1,817,740	-21%	£2,300,464
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Wages & Salaries	£1,074,413	12.6%	£954,566	5.6%	£904,337	-4.8%	£949,869	-1.5%	£964,695
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Directors Emoluments	£49,264	58.8%	£31,013	0.1%	£30,993	-73.2%	£115,803	-18.4%	£141,917
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Operating Profit	£727,789	582.8%	-£150,758	-123.6%	£639,194	25.7%	£508,560	-54%	£1,105,924
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Depreciation	£266,423	73.7%	£153,395	18.3%	£129,698	-6.6%	£138,913	-7.9%	£150,793
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Audit Fees	£6,500	-	£6,500	-	£6,500	-43.5%	£11,500	27.8%	£9,000
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Interest Payments	£230,105	33.9%	£171,822	131.5%	£74,219	-13.6%	£85,922	542.5%	£13,373
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Pre Tax Profit	£823,759	434%	-£246,608	-143.3%	£569,988	34.8%	£422,683	-61.9%	£1,110,063
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Taxation	-£119,218	-999.9%	-£9,694	78.8%	-£45,787	77.9%	-£207,291	-105.8%	-£100,701
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Profit After Tax	£704,541	374.9%	-£256,302	-148.9%	£524,201	143.4%	£215,392	-78.7%	£1,009,362
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Dividends Payable	£286,000	217.8%	£90,000	-	£90,000	24.1%	£72,500	11.5%	£65,000
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Retained Profit	£418,541	220.9%	-£346,302	-186%	£402,588	152.5%	£159,439	-80.1%	£800,777

Balance Sheet

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Tangible Assets	£5,978,789	-7.1%	£6,435,448	46.7%	£4,386,010	-1.2%	£4,439,007	19.2%	£3,722,506
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Total Fixed Assets	£5,978,789	-7.1%	£6,435,448	46.7%	£4,386,010	-1.2%	£4,439,007	19.2%	£3,722,506
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Stock	£1,312,031	19.7%	£1,096,334	-58%	£2,610,156	13.6%	£2,298,313	-11.2%	£2,587,083
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Trade Debtors	£2,166,424	142.5%	£893,442	-56.8%	£2,067,110	-33.5%	£3,108,827	28.9%	£2,412,701
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Cash	£914,794	-17.5%	£1,108,635	999.9%	£19,125	-82.3%	£107,884	-72%	£384,969
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Other Debtors	£617,692	-16%	£735,361	-29.2%	£1,038,772	2%	£1,018,563	5.9%	£961,619
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Total Current Assets	£5,010,941	30.7%	£3,833,772	-33.2%	£5,735,163	-12.2%	£6,533,587	2.9%	£6,346,372
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Trade Creditors	£1,551,991	88.6%	£822,684	-49%	£1,611,649	-25.9%	£2,175,113	-23.9%	£2,858,582
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	£381,393	-67.1%	£1,157,879	286%	£299,933	-38%	£483,917	999.9%	£18,139
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Other Short Term Finance	£1,970,033	125.9%	£872,197	318.7%	£208,321	51.6%	£137,409	-	£137,409
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	£951,915	-11.2%	£1,071,861	-37.9%	£1,727,337	-18.1%	£2,108,789	136.7%	£890,734
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Total Current Liabilities	£4,855,332	23.7%	£3,924,621	2%	£3,847,240	-21.6%	£4,905,228	25.6%	£3,904,864
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£3,019,639	-32.5%	£4,474,715	65.9%	£2,697,172	-12.1%	£3,067,677	7.8%	£2,845,712
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Other Long Term Finance	£2,167,988	-17.5%	£2,626,429	59.1%	£1,650,693	2.9%	£1,604,260	-4.7%	£1,684,072
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Total Long Term Liabilities	£2,638,246	-20.5%	£3,316,836	38.4%	£2,397,239	-7.2%	£2,583,760	-8.6%	£2,827,573

Capital & Reserves

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Called Up Share Capital	£1,000	999.9%	£2	-	£2	-	£2	-	£2
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	P & L Account Reserve	£3,446,302	13.8%	£3,027,761	-20.9%	£3,829,192	11.7%	£3,426,604	4.9%	£3,267,165
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Sundry Reserves	£48,850	-	-	-100%	£47,500	-16.7%	£57,000	-17.7%	£69,274
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Shareholder Funds	£3,496,152	15.5%	£3,027,763	-21.9%	£3,876,694	11.3%	£3,483,606	4.4%	£3,336,441

Other Financial Items

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Net Worth	£3,496,152	15.5%	£3,027,763	-21.9%	£3,876,694	11.3%	£3,483,606	4.4%	£3,336,441
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Working Capital	£155,609	271.3%	-£90,849	-104.8%	£1,887,923	15.9%	£1,628,359	-33.3%	£2,441,508
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Total Assets	£10,989,730	7%	£10,269,220	1.5%	£10,121,173	-7.8%	£10,972,594	9%	£10,068,878
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Total Liabilities	£7,493,578	3.5%	£7,241,457	16%	£6,244,479	-16.6%	£7,488,988	11.2%	£6,732,437
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Net Assets	£3,496,152	15.5%	£3,027,763	-21.9%	£3,876,694	11.3%	£3,483,606	4.4%	£3,336,441

Cash Flow

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Net Cashflow from Operations	£183,722	-91.3%	£2,113,875	281.3%	£554,411	-31.8%	£812,776	999.9%	£25,424
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Net Cashflow before Financing	-£57,598	83.9%	-£356,831	-348%	£143,911	132%	-£449,366	-75.1%	-£256,599
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Net Cashflow from Financing	£640,243	-31.3%	£931,630	999.9%	£24,310	113.4%	-£181,959	-144.5%	£408,980
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Increase in Cash	£582,645	1.4%	£574,799	241.7%	£168,221	126.6%	-£631,325	-514.3%	£152,381

Miscellaneous

	Date Of Accounts	30/09/16	(%)	30/09/15	(%)	30/09/14	(%)	30/09/13	(%)	30/09/12
	Contingent Liability	NO	-	NO	-	YES	-	YES	-	YES
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Capital Employed	£6,134,398	-3.3%	£6,344,599	1.1%	£6,273,933	3.4%	£6,067,366	-1.6%	£6,164,014
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Number of Employees	33	200%	11	-59.3%	27	-6.9%	29	480%	5
	Accountants
	Auditors	A NICHOL & CO
	Auditor Comments	The audit report contains no adverse comments
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code	20-40-09

Ratios

	Date Of Accounts	30/09/16	30/09/15	30/09/14	30/09/13	30/09/12
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Pre-tax profit margin %	8.63	-5.04	5.77	3.87	9.50
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Current ratio	1.03	0.98	1.49	1.33	1.63
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Sales/Net Working Capital	61.36	-53.88	5.23	6.71	4.79
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Gearing %	86.40	147.80	69.60	88.10	85.30
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Equity in %	31.80	29.50	38.30	31.70	33.10
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Creditor Days	59.16	61.17	59.38	72.41	89.04
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Debtor Days	82.58	66.44	76.16	103.49	75.15
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Liquidity/Acid Test	0.76	0.69	0.81	0.86	0.96
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Return On Capital Employed %	13.42	-3.88	9.08	6.96	18
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Return On Total Assets Employed %	7.49	-2.40	5.63	3.85	11.02
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Current Debt Ratio	1.38	1.29	0.99	1.40	1.17
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Total Debt Ratio	2.14	2.39	1.61	2.14	2.01
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Stock Turnover Ratio %	13.74	22.39	26.42	21.02	22.13
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\barchart-grey.png$	Return on Net Assets Employed %	23.56	-8.14	14.70	12.13	33.27

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
25/01/2018	Confirmation Statement
03/07/2017	New Accounts Filed
03/07/2017	New Accounts Filed
04/02/2017	Annual Returns
15/09/2016	Mr P.J. Coles has resigned as company secretary
08/07/2016	New Accounts Filed
08/07/2016	New Accounts Filed
16/06/2016	Payment Data Update Received
24/05/2016	Payment Data Update Received
07/03/2016	New Board Member Mr P. Callighan appointed
29/02/2016	New Board Member Mr P. Callighan appointed
29/01/2016	Annual Returns
24/12/2015	Payment Data Update Received
25/11/2015	Payment Data Update Received
20/11/2015	Payment Data Update Received

Previous Company Names

Date	Previous Name
04/03/1993	DELVEBASIC LIMITED

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	SALEM TUBE INTERNATIONAL LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	SALEM TUBE INTERNATIONAL LIMITED

Group StructureFull

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\tminus.gif$ SALEM TUBE INTERNATIONAL...	02781763	30.09.2016	N	£9,548,367
$Description: \\vivek-pc\123 Foreign Report Raw\SALEM TUBE INTERNATIONAL LTD_files\L.gif$ SALEM TUBE BENDING LIM...	04112765	30.09.2016	N

Mortgage Details

Mortgage Type:
Date Charge Created:	29/05/15
Date Charge Registered:	18/06/15
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
Details:	LAND AND BUILDING AT REGENTS DRIVE LOW PRUDHOE INDUSTRIAL ESTATE PRUDHOECONTAINS NEGATIVE PLEDGE.
Mortgage Type:
Date Charge Created:	07/11/13
Date Charge Registered:	08/11/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC;
Amount Secured:
Details:	LEASEHOLD PROPERTY AT 7 CASTLE GARTH 2 THE WYNDING BAMBURGH TITLE NO ND166321NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

Mortgage Type:	DEBENTURE
Date Charge Created:	09/08/12
Date Charge Registered:	18/08/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	PREMIER PENSION TRUSTEES LIMITED LYNNE MARIE IONS HOWARD IONS
Amount Secured:	£486,271 DUE OR TO BECOME DUE
Details:	ALL STOCK IN TRADE AND RAW MATERIALS BELONGING TO THE COMPANY FROM TIME TO TIME
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	01/12/09
Date Charge Registered:	02/12/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	F/H NEW FACTORY UNIT, REGENTS DRIVE, LOW PRUDHOE INDUSTRIAL ESTATE, PRUDHOE, NORTHUMBERLAND

Mortgage Type:	FIXED & FLOATING CHARGE
Date Charge Created:	22/05/09
Date Charge Registered:	02/06/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS 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:	GUARANTEE & DEBENTURE
Date Charge Created:	17/09/03
Date Charge Registered:	26/09/03
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR SALEM TUBE BENDING LIMITED TO THE CHARGEE ONANY 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:	LEGAL CHARGE
Date Charge Created:	06/06/03
Date Charge Registered:	17/06/03
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE FREEHOLD PROPERTY KNOWN AS 8 REGENTDRIVE LOW PRUDHOW INDUSTRIAL ESTATE PRUDHOE NORTHUMBERLAND
Mortgage Type:	DEBENTURE
Date Charge Created:	02/06/03
Date Charge Registered:	09/06/03
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS 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:	MORTGAGE DEBENTURE
Date Charge Created:	28/06/95
Date Charge Registered:	06/07/95
Date Charge Satisfied:	17/11/08
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
Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	01/06/94
Date Charge Registered:	08/06/94
Date Charge Satisfied:	18/02/04
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 FREEHOLD PROPERTY K/A CHURCH STREETINDUSTRIAL ESTATE HAYDON BRIDGE HEXHAM NORTHUMBERLAND AND THEPROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT OF THEGOODWILL AND CONNECTION OF ANY BUSINESSTOGETHER WITH THEFULL BENEFIT OF ALL LICENCES

Previous Director/Company Secretaries

Name	Current Active Appointments			Previous Appointments	Dissolved Companies
Ann Warwick Duncan Turner	0			1	0
Alastair James Turner	0			1	0
Howard Ions	2			2	0
Peter John Coles	1			1	0
INSTANT COMPANIES LIMITED	9			33070	89692
SWIFT INCORPORATIONS LIMITED	11			75896	190161
Total Persons With Significant Control		1	Total Statements			0
Active		1	Active			0
Ceased		0	Ceased			0

Active Persons With Significant Control

Name	Mr Howard Ions	Kind	Individual Person With Significant Control
Address	114-116 High Street, Gosforth, Newcastle Upon Tyne	Country Of Residence	England
Post Code	NE3 1HB	Nationality	British
Date of Birth	09/1956	Notified On	06/04/2016
Nature Of Control	Ownership of shares - above 75%

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 92.28
Euro	1	INR 80.62
GBP	1	INR 91.46

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

INFORMATION DETAILS

Analysis Done by :	VIV

Report Prepared by :	TPT

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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