MIRA
INFORM REPORT
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Report Date : |
18.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ABZ
TRADING LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.08.2006 |
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Date of Incorporation : |
24/06/2002 |
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Com. Reg. No.: |
04468124 |
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Legal Form : |
Private
Limited Liability Company (GB) |
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Line of Business : |
Company is engaged in Retailers of Clothing |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 1,600 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME
ABZ
TRADING LIMITED
ADDRESS
Registered Office
Risk Score
55 out
of 100
Average
Risk - This company has an average risk status and should be treated with a
degree of caution
Credit Limit
GBP
1,600
Selling
to this company? The Credit Limit is the recommended maximum outstanding debtor
exposure at any one time.
Contract Limit
GBP
21,300
Buying
from this company? The Contract Limit is the recommended aggregate annual value
for supply contracts.
Official Company Data
Legal Form Private
Limited Liability Company (GB)
Registration Number 04468124
Date of Incorporation 24/06/2002
Registered Office 248
Green Street, Forest Gate,
Date of Last Annual Return to Registry 24/06/2007
Activities Clothing
retailers
Accounts The
last filed accounts cover the period to 31/08/2006 and were filed on
04/07/2007
Recently Filed
Documents
Details of the most recent documents
Date
Received Description
24/06/2007 Annual Return
31/08/2006 Financial
Statement / Set of Accounts
It should be noted that there is no legal requirement to
file satisfaction details of mortgages/charges at Companies House.
Known Directors
DIRECTOR ASIF
KARIM
Occupation SALESMAN
Address 48,
Country of Origin BRITISH
Date of Birth 15/02/1980
Appointment Date 24/06/2002
Other Appointments ABZ TRADING LIMITED, K.K.
SILKS LIMITED
SECRETARY MS
REHANA KARIM
Address
Country of Origin BRITISH
Appointment Date 24/06/2002
Recently Resigned
Directors (last 3)
DIRECTOR COMPANY
DIRECTORS LIMITED -
Address 788-7
,
Resignation Date 24/06/2002
Share Summary
Priniciple
Shareholders: Type Of
Share No. of Shares Value %age
Bilal
Karim 20.00
Abdul
Karim 20.00
Saira
Karim 20.00
Asif
Karim 20.00
Rehana
Karim 20.00
Mortgages and Charges
Total Registered 1
Total Outstanding 1
Total Satisfied 0
Most Recent Mortgage 15/05/2003
Date Registered 17/05/2003
Type 395
Date Created 15/05/2003
Lender HABIB
BANK AG
Secured On ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE
UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details FIXED
AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY
AND ASSETS PRESENT AND FUTURE INCLUDING
GOODWILL
BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES
FIXED
PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS
Satisfied? No
Public Record
Information
Summary of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
Activities Clothing
retailers
Sic Code Description
5242 Retail
sale of clothing
Staff Employed
Financial Data
The following figures are shown in units of 000
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2006 |
31/08/2005 |
31/08/2004 |
31/08/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2006 |
31/08/2005 |
31/08/2004 |
31/08/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
47 |
45 |
39 |
29 |
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Total Fixed Assets |
47 |
45 |
39 |
29 |
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TOTAL CURRENT ASSETS |
522 |
336 |
206 |
142 |
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Stocks |
440 |
329 |
198 |
131 |
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Trade Debtors |
7 |
3 |
4 |
4 |
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Cash |
75 |
5 |
4 |
7 |
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TOTAL ASSETS |
569 |
382 |
246 |
172 |
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TOTAL CURRENT LIABILITIES |
521 |
353 |
233 |
155 |
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Other Current Liabilities |
521 |
353 |
233 |
155 |
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WORKING CAPITAL |
0 |
-17 |
-27 |
-12 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
9 |
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NET ASSETS/(LIABILITIES) |
48 |
29 |
13 |
17 |
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SHARE CAPITAL + RESERVES |
47 |
28 |
13 |
8 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Profit and Loss account |
47 |
28 |
13 |
8 |
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SHAREHOLDERS FUNDS |
47 |
28 |
13 |
8 |
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CAPITAL EMPLOYED |
47 |
28 |
13 |
17 |
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TANGIBLE NET WORTH |
48 |
29 |
13 |
8 |
Key Credit Ratios
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Accounts Date |
31/08/2006 |
31/08/2005 |
31/08/2004 |
31/08/2003 |
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Current Ratio |
1.00 |
0.95 |
0.88 |
0.92 |
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Quick Ratio |
- |
- |
- |
- |
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T.N.W/Total Assets |
0.08 |
0.08 |
0.05 |
0.05 |
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Equity Gearing |
- |
- |
- |
0.01 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by
-100% |
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Tangible Net Worth |
Net worth increased by 19,000 during the period and now
stands at GBP 48,000 |
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Fixed Assets |
The subjects fixed assets increased during the period by
GBP 2,000 to GBP 47,000 and are now 8% of total assets compared
with 12% in the previous period |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)