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MIRA INFORM REPORT
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Report No. : |
509085 |
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Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
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Name : |
SCHALLENBERG INTERNATIONAL LTD |
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Formerly Known As : |
SCHALLENBERG INTERNATIONAL TRANSPORT SERVICES COMPANY LIMITED |
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Registered Office : |
Units 4 6 14 & 16 Darrell Road, Felixstowe Suffolk, IP11 3UU |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2016 |
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Date of Incorporation : |
15.08.1983 |
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Com. Reg. No.: |
01745973 |
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Legal Form : |
Private Limited with
Share Capital |
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Line of Business : |
· International hauliers and shipping and forwarding agents. · Other transport agencies · Other transportation support activities |
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No. of Employees : |
20 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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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.
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Source
: CIA |
Company
name and Summary
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SCHALLENBERG
INTERNATIONAL LTD |
Telephone |
+ 44 1394 675339 |
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UNITS 4 6 14 & 16
DARRELL ROAD |
Fax |
+44
1394 675324 |
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FELIXSTOWE SUFFOLK |
Website |
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IP11 3UU |
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United Kingdom |
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Company Number: 01745973 |
Status: |
Active - Accounts Filed |
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Foundation: 15.08.1983 |
VAT
No: |
GB390556632 |
Comments
There has been an increase in shareholders funds compared with the previous balance sheet.
This company has been treated
as a Small company in respect of the rating/limit generated.
This company has only made late payments on a low percentage of invoices.
The latest Balance Sheet indicates a positive net working capital position.
This company trades in an industry with a moderate level of corporate failures.
Basic
information
Legal form
Private limited with Share Capital
Foundation
15/08/1983
Company No.
01745973
Previous Names
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Date of Change |
Previous Name |
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17/06/1999 |
SCHALLENBERG
INTERNATIONAL TRANSPORT SERVICES COMPANY LIMITED |
Shareholders
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Name |
Currency |
Number of shares |
Share type |
Nominal value |
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ANDREW NIGEL MARSHALL |
GBP |
3,000 |
ORDINARY |
1 |
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Total Share Capital |
GBP 3,000 |
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Management
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Directors |
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Name |
Address: |
Date of birth |
Nationality |
Appointment date |
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Mr Andrew Nigel Marshall |
Units 4 6 14 &
16 Darrell Road, Felixstowe, Suffolk IP11 3UU |
03/04/1965 |
British |
15/06/1991 |
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Mr Jonathan Huw Smith |
Units 4 6 14 &
16 Darrell Road, Felixstowe, Suffolk IP11 3UU |
28/09/1965 |
British |
14/07/1997 |
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Company Secretary |
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Name |
Address: |
Appointment date |
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Mr Benjamin David Lygo |
Units 4 6 14 & 16
Darrell Road, Felixstowe, Suffolk IP11 3UU |
06/02/2007 |
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Other
Known Addresses
Units 4 6, 2-16
Darrell Road, Felixstowe, Suffolk IP11 3UU
Business
activities
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Main activity |
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Principal Activity |
International hauliers and
shipping and forwarding agents. |
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SIC03 |
Other transport agencies |
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SIC07 |
Other transportation
support activities |
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Economic data
Turnover and Employees
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Date of Accounts |
Turnover |
Employees |
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31/12/2014 |
Not Stated |
Not Stated |
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31/12/2015 |
Not Stated |
20 |
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31/12/2016 |
Not Stated |
20 |
Supplementary
data
BANKS
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Bank Name |
Bank Branch Sort Code |
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NATIONAL WESTMINSTER
BANK PLC |
60-08-17 |
EVENT
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Company history |
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Date |
Action |
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29/06/2013 |
Annual Returns |
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11/07/2014 |
Annual Returns |
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16/08/2014 |
New Accounts Filed |
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12/04/2015 |
New Accounts Filed |
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17/07/2015 |
Annual Returns |
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19/06/2016 |
Annual Returns |
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19/07/2016 |
Payment Data Update Received |
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02/09/2016 |
Payment Data Update Received |
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07/09/2016 |
Payment Data Update Received |
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11/10/2016 |
New Accounts Filed |
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19/10/2016 |
Payment Data Update Received |
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22/10/2016 |
Payment Data Update Received |
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15/06/2017 |
New Accounts Filed |
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15/06/2017 |
New Accounts Filed |
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26/06/2017 |
Confirmation Statement |
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26/06/2017 |
Confirmation Statement |
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Mortgages
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Charge created |
22/09/1986 |
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Charge registered |
01/10/1986 |
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Status |
SATISFIED |
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Entitled person |
NATIONAL WESTMINSTER BANK PLC |
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Mortgage detail |
A SPECIFIC EQUITABLE CHARGE OVER ALL F/H LAND L/H PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF. FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE IN- CLUDING |
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Charge created |
31/12/2003 |
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Charge registered |
06/01/2004 |
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Status |
OUTSTANDING |
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Entitled person |
HSBC BANK PLC |
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Secured amount |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
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Mortgage detail |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
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County
Court Judgments (CCJs)
There are no County Court
Judgments listed against this company
Accounts
PROFIT & LOSS
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52 GBP Group: No |
31/12/2015 52 GBP Group: No |
31/12/2014 52 GBP Group: No |
31/12/2013 52 GBP Group: No |
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Turnover |
- |
- |
- |
- |
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Export |
- |
- |
- |
- |
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Cost of Sales |
- |
- |
- |
- |
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Gross Profit |
- |
- |
- |
- |
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Wages And Salaries |
- |
- |
- |
- |
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Directors Emoluments |
- |
- |
- |
- |
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Operating Profit |
- |
- |
- |
- |
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Depreciation |
17,188 |
16,849 |
19,985 |
12,799 |
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Audit Fees |
0 |
0 |
0 |
0 |
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Interests Payments |
- |
- |
- |
- |
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Pre Tax Profit |
- |
- |
- |
- |
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Taxation |
- |
- |
- |
- |
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Profit After Tax |
- |
- |
- |
- |
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Dividends Payable |
- |
- |
- |
- |
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Retained Profit |
- |
- |
- |
- |
BALANCE SHEET
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52 GBP Group: No |
31/12/2015 52 GBP Group: No |
31/12/2014 52 GBP Group: No |
31/12/2013 52 GBP Group: No |
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Tangible Assets |
80,967 |
69,893 |
86,742 |
60,497 |
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Intangible Assets |
0 |
0 |
0 |
0 |
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Total Fixed Assets |
80,967 |
69,893 |
86,742 |
60,497 |
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Stock |
0 |
0 |
0 |
0 |
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Trade Debtors |
841,240 |
781,089 |
1,509,787 |
1,318,376 |
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Cash |
225,558 |
109,568 |
287,858 |
405,063 |
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Other Debtors |
601,198 |
595,310 |
0 |
0 |
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Miscellaneous Current
Assets |
0 |
0 |
0 |
0 |
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Total Current Assets |
1,667,996 |
1,485,967 |
1,797,645 |
1,723,439 |
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Trade Creditors |
1,304,774 |
1,167,823 |
1,546,541 |
1,531,360 |
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Bank Loans and Overdraft |
0 |
0 |
0 |
0 |
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Other Short Term Finance |
0 |
0 |
0 |
0 |
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Miscellaneous Current
Liabilities |
133,049 |
150,966 |
0 |
0 |
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Total Current
Liabilities |
1,437,823 |
1,318,789 |
1,546,541 |
1,531,360 |
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Bank Loans and
Overdrafts LTL |
22,677 |
18,224 |
33,340 |
13,662 |
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Other Long Term Finance |
0 |
0 |
0 |
0 |
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Total Long Term
Liabilities |
22,677 |
18,224 |
33,340 |
13,662 |
CAPITAL & RESERVES
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52 GBP Group: No |
31/12/2015 52 GBP Group: No |
31/12/2014 52 GBP Group: No |
31/12/2013 52 GBP Group: No |
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Called Up Share Capital |
3,000 |
3,000 |
3,000 |
3,000 |
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P and L Account Reserve |
285,463 |
215,847 |
301,506 |
235,914 |
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Revaluation Reserve |
0 |
0 |
0 |
0 |
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Sundry Reserves |
0 |
0 |
0 |
0 |
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Shareholders Funds |
288,463 |
218,847 |
304,506 |
238,914 |
OTHER FINANCIAL ITEMS
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52 GBP Group: No |
31/12/2015 52 GBP Group: No |
31/12/2014 52 GBP Group: No |
31/12/2013 52 GBP Group: No |
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Net Worth |
288,463 |
218,847 |
304,506 |
238,914 |
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Working Capital |
230,173 |
167,178 |
251,104 |
192,079 |
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Total Assets |
1,748,963 |
1,555,860 |
1,884,387 |
1,783,936 |
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Total Liabilities |
1,460,500 |
1,337,013 |
1,579,881 |
1,545,022 |
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Net Assets |
288,463 |
218,847 |
304,506 |
238,914 |
CASH FLOW
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|
52 GBP Group: No |
31/12/2015 52 GBP Group: No |
31/12/2014 52 GBP Group: No |
31/12/2013 52 GBP Group: No |
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Net Cash Flow from
Operations |
- |
- |
- |
- |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from
Financing |
- |
- |
- |
- |
|
Increase in Cash |
115,990 |
-178,290 |
-117,205 |
116,893 |
MISCELLANEOUS
|
|
52 GBP Group: No |
31/12/2015 52 GBP Group: No |
31/12/2014 52 GBP Group: No |
31/12/2013 52 GBP Group: No |
|
Capital Employed |
311,140 |
237,071 |
337,846 |
252,576 |
FINANCIAL RATIOS
|
Name |
31/12/2016 |
31/12/2015 |
31/12/2014 |
31/12/2013 |
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Pre Tax Profit Margin |
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Current Ration |
1.16 |
1.13 |
1.16 |
1.13 |
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Sales or Net Working
Capital |
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Gearing |
7.86 % |
8.33 % |
10.95 % |
5.72 % |
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Equity |
16.49 % |
14.07 % |
16.16 % |
13.39 % |
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Creditor Days |
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Debtor Days |
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Liquidity or Acid test |
1.16 |
1.12 |
1.16 |
1.12 |
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Return on Capital
Employed |
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Return on Total Assets
Employed |
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Current Debt Ratio |
4.98 % |
6.02 % |
5.07 % |
6.40 % |
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Total Debt Ratio |
5.06 % |
6.10 % |
5.18 % |
6.46 % |
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Stock Turnover Ratio |
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Return on Net Assets
Employed |
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FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.53 |
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|
1 |
INR 91.49 |
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Euro |
1 |
INR 80.53 |
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GBP |
1 |
INR 91.50 |
Note:
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIS |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.