MIRA
INFORM REPORT
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Report Date : |
9th
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
REXOPHARM LLP |
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Registered Office : |
6th
Floor Queens House, 55-56 Lincolns Inn Fields, London, WC2A 3LJ. |
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Country : |
United
Kingdom |
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Financials (as on) : |
28.02.2005 |
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Date of Incorporation : |
11.02.2004 |
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Com. Reg. No.: |
OC306876 |
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Legal Form : |
Limited
Liability Partnership |
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 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Identification Details
Subject Reported on REXOPHARM LLP
Creditline Recommendations
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Monthly
Credit Guide |
GBP 20,000 |
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Risk
Category |
NORMAL RISK |
Official Company Data
|
Legal
Form |
See
Report |
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Registration
Number |
OC306876 |
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Date
of Incorporation |
11/02/2004 |
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Registered
Office |
6TH
FLOOR QUEENS HOUSE, 55-56 LINCOLNS INN FIELDS, LONDON, WC2A 3LJ. |
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History |
9/06/2006 : The
Registered Office address changed from 4TH FLOOR, QUEENS HOUSE, 55-56
LINCOLN'S INN. |
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Date
of Last Annual Return to Registry |
11/02/2006 |
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Accounts
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The
last filed accounts at Companies House are those to 28/02/2005 |
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Accounting
Reference Date |
28/02 |
Operations
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Activities |
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Public Record Information
Summary of CCJ's/Scottish Decrees
No CCJs/Scottish Decrees are recorded in our
file.
Directors
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Partner |
. . HOLCEM
LIMITED |
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Address |
P O
BOX 805, ROAD TOWN, TORTOLA. |
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Partner |
MIDOCEAN
CHAMERS |
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Address |
P O
BOX 805, ROAD TOWN, TORTOLA. |
Payment Analysis
( No Payment Analysis Data is Available )
General Information
02/02/2007
The subject is a Limited Liability
Partnership and is therefore not obliged to file shareholders details with
Companies House.
Financial Data
Profit and Loss
The following figures are shown in units
of 1000
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Number
of Weeks |
55 |
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Accounts
Date |
28/02/2005 |
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Currency
|
USD |
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SALES |
313 |
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Cost
of goods sold |
148 |
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GROSS
PROFIT |
165 |
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PRE
TAX PROFIT |
157 |
Balance Sheet
The following figures are shown in units
of 1000
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Number
of Weeks |
55 |
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Accounts
Date |
28/02/2005 |
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Currency
|
USD |
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TOTAL
CURRENT ASSETS |
200 |
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Trade
debtors |
84 |
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Other
Current Assets |
116 |
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Cash |
116 |
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TOTAL
ASSETS |
200 |
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TOTAL
CURRENT LIABILITIES |
42 |
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Short
Term Loans |
35 |
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Due To
Group |
35 |
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Other
Liabilities |
7 |
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WORKING
CAPITAL |
158 |
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NET
ASSETS/(LIABILITIES) |
158 |
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SHARE
CAPITAL + RESERVES |
158 |
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Share
Cap + Sundry Res |
158 |
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SHAREHOLDERS
FUNDS |
158 |
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CAPITAL
EMPLOYED |
158 |
Financial Comparison
The following figures are shown in units
of 1000
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Number
of Weeks |
55 |
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Accounts
Date |
28/02/2005 |
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Currency
|
USD |
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Liquid
Assets |
200 |
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Net
Working Capital |
158 |
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Tangible
Net Worth(T.N.W) |
158 |
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Equity |
158 |
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Number
of Years Trading |
1 |
Key Credit Ratios
The following figures are shown as Ratios or
Percentages
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Accounts
Date |
28/02/2005 |
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Current
Ratio |
4.8 |
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Pre
Tax Profit Margin% |
50.2 |
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Gross
Profit% |
52.7 |
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Debtors
Days (D.S.O) |
98 |
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Quick
Ratio |
4.8 |
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Return
on Investment% |
81.3 |
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Return
on Assets% |
78.5 |
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T.N.W/Total
Assets% |
79 |
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Return
on Capital% |
99.4 |
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Rtn
on Shareholders Funds% |
99.4 |
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Working
Capital/Sales% |
50.5 |
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Borrowing
Ratio% |
22.2 |
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Equity
Gearing% |
376.2 |
Financial Summary
Auditors Qualification
The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.
Only Turnover
Turnover for the year was 313,000.
Profit or Loss
Pre-tax Profit was GBP 157,000.
Working Capital
At the end of the period the company had working capital of USD 158,000, current ratio of 4.8 and a quick ratio of 4.8.
Net Worth
Net worth was USD 158,000.
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/normal. |
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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