MIRA
INFORM REPORT
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Report Date : |
18.06.2007 |
IDENTIFICATION DETAILS
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Name : |
AVELLO EUROPE LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
28.02.2006 |
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Date of Incorporation : |
26/02/2005 |
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Com. Reg. No.: |
05377151 |
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Legal Form : |
Private Limited |
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Line of Business : |
Management consultancy services |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Identification Details
Subject Reported on AVELLO EUROPE LIMITED
Address
Telephone 0870 401 3009
Facsimile 0207 681 1958
Email info@avello.com
Web Address www.avello.com
Creditline Recommendations
Less than GBP 1 - This does not necessarily mean the company is not creditworthy
Risk Category NORMAL RISK
Official Company Data
Legal Form Private Limited
Registration Number 05377151
VAT Number GB855986655
Date of Incorporation 26/02/2005
Registered Office
Date of Last Annual Return to Registry 26/02/2007
Accounts The last filed accounts at Companies House are those to
28/02/2006
Accounting Reference Date 28/02
Operations
Activities Management consultancy services.
Nace Code 9500
Premises Owned,Private Residence
Staff Employed 7
Import Countries No Import Activity
Export Countries No Export Activity
Bankers BARCLAYS BANK PLC
Address CAMBERLEY.
Sort Code 201699
Branches
Public Record
Information
Summary of CCJ's/Scottish Decrees
No CCJs/Scottish Decrees are recorded in our file.
Other Filings and
Notices
Date Source Description
09/03/2005 Companies House Gazette Change among the directors of a company
Company Secretary
Secretary MELISSA
MARZIEH RENDELL
Address
Country of Origin UNITED KINGDOM
Date of Birth 10/05/1974
Appointment Date 02/03/2005
Directors
Director MR MOHAMED
SALEEM HATTEEA
Address BRAYWOOD
Country of Origin UNITED KINGDOM
Date of Birth 09/08/1947
Appointment Date 01/03/2005
Share Capital
Shares Ordinary GBP 1.00
each.
Issued Number 3
Principal Shareholder 1 Melissa Marzieh Rendell
1 Mohamed
Salim Hatteea
1 Julian
Rischard Hatteea
The above reflects the
principle shareholder(s) by number of shares held, irrespective of share
classification type.
Payment Analysis
(No Payment Analysis
Data is Available)
To contribute sales ledger information to Graydon. please contact the Specialist Product Division - mail@graydon.co.uk
Financial Data
Profit and Loss
The following figures
are shown in units of 1000
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Number of Weeks |
52 |
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Accounts Date |
28/02/2006 |
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Currency |
GBP |
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SALES |
54 |
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Wages and Salaries |
20 |
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PRE TAX PROFIT |
(1) |
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Balance Sheet
The following figures are
shown in units of 1000
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Number of Weeks |
52 |
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Accounts Date |
28/02/2006 |
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Currency |
GBP |
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TOTAL FIXED ASSETS |
2 |
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Tangible Assets |
2 |
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TOTAL CURRENT ASSETS |
40 |
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Trade debtors |
14 |
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Stocks |
4 |
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Other Current Assets |
22 |
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Cash |
22 |
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TOTAL ASSETS |
42 |
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TOTAL CURRENT
LIABILITIES |
43 |
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Trade creditors |
25 |
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Other Liabilities |
18 |
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WORKING CAPITAL |
(3) |
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NET
ASSETS/(LIABILITIES) |
(1) |
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SHARE CAPITAL +
RESERVES |
(1) |
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Profit and Loss
account |
(1) |
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SHAREHOLDERS FUNDS |
(1) |
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CAPITAL EMPLOYED |
(1) |
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Financial Comparison
The following
figures are shown in units of 1000
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Number of Weeks |
52 |
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Accounts Date |
28/02/2006 |
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Currency |
GBP |
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Liquid Assets |
36 |
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Net Working Capital |
(3) |
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Tangible Net
Worth(T.N.W) |
(1) |
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Equity |
(1) |
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Number of Years
Trading |
1 |
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Key Credit Ratios
The following figures are shown as Ratios or Percentages
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Accounts Date |
28/02/2006 |
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Current Ratio |
0.9 |
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Pre Tax Profit
Margin% |
(1.9) |
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Debtors Days (D.S.O) |
95 |
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Creditors Days
(D.P.O) |
169 |
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Quick Ratio |
0.8 |
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Return on Investment% |
100 |
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Return on Assets% |
(2.4) |
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T.N.W/Total Assets% |
(2.4) |
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Return on Capital% |
100 |
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Working
Capital/Sales% |
(5.6) |
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Equity Gearing% |
(2.3) |
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Stock Turnover |
13.5 |
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Key Industry Sector
Trends
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Year |
2006 |
2005 |
2004 |
2003 |
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Sample Size |
1278 |
1721 |
1353 |
776 |
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Pre-Tax Profit Margin |
40.4 |
35.4 |
42.7 |
40.8 |
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Current Ratio |
1.9 |
1.8 |
1.5 |
1.6 |
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Borrowing Ratio |
12.6 |
18 |
(3.6) |
96.1 |
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Return on Capital |
157.6 |
202.1 |
204.8 |
194.8 |
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Creditors Days |
79 |
95 |
68 |
79 |
Above figures relate to companies in 1992 Standard Industry Classification (Nace) sector : Private households with employed persons
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 54,000.
Profit or Loss
Pre-tax Loss was GBP 1,000.
Working Capital
At the end of the period the company had working capital of GBP -3,000,
current ratio of .9 and a quick ratio of .8.
Net Worth
There was a negative net worth of GBP 1,000.
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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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%)