MIRA
INFORM REPORT
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Report Date : |
18.05.2007 |
IDENTIFICATION DETAILS
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Name : |
VHI UK LIMITED |
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Registered Office : |
Raines House, |
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Country : |
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Financials (as on) : |
30.06.2005 |
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Date of Incorporation : |
18/01/2001 |
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Com. Reg. No.: |
04143696 |
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Legal Form : |
Private Limited |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Identification Details
Subject Reported
on VHI UK LIMITED
Creditline Recommendations
Monthly Credit
Guide GBP 0
Risk Category ABOVE
Official Company Data
Legal Form Private Limited
Registration
Number 04143696
Date of
Incorporation 18/01/2001
Registered Office RAINES HOUSE,
1HL.
History 1/02/2001 : The
Registered Office address changed from
Date of Last
Annual
Return to Registry
18/01/2007
Accounts The last filed
accounts at Companies House are those to 30/06/2005
Accounting
Reference
Date 30/06
Operations
Nace Code 7484
Auditors R.A. Lister
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
08/06/2002 Companies House Gazette Change among the directors of a company
01/02/2001 Companies House Gazette Change among the directors of a company
Company Secretary
Secretary PETER ALFRED NEBGEN
Address JOSEF ZILLIKEN STRASSE 10, WASSENACH, D-56653.
Country of Origin UNITED KINGDOM
Appointment Date 01/06/2002
Directors
Director DAVID ARTHUR RICHARDSON
Address
Country of Origin UNITED KINGDOM
Date of Birth 31/08/1948
Appointment Date 01/06/2002
Director PETER
ALFRED NEBGEN
Address JOSEF-ZILLIKEN-STRASSE 10, WASSENACH, D 56653.
Country of Origin
Date of Birth 23/08/1952
Appointment Date 18/01/2001
Share Capital
Shares Ordinary GBP 1.00
Issued Number 1,000
Principal
Shareholder 750 Peter A.
Nebgen
250 David A.
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
Financial Data
Profit & Loss Accounts
are not available for companies categorised as small companies under the
companies act.
Balance Sheet
The following figures are shown in units of 1000
Number of Weeks 52 52 52 76
Accounts Date 30/06/2005 30/06/2004 30/06/2003 30/06/2002
Currency GBP GBP GBP GBP
TOTAL FIXED ASSETS 4 6 8 10
Tangible Assets 4 6 8 10
TOTAL CURRENT
ASSETS 63 57 28 31
Trade debtors 17 39 12 19
Stocks 15
Other Current
Assets 31 18 16 12
Cash 31 18 16 12
TOTAL ASSETS 67 63 36 41
TOTAL CURRENT
LIABILITIES 74 54 28 33
Trade creditors 74 54 28 33
WORKING CAPITAL (11) 3 (2)
NET
ASSETS/(LIABILITIES) (7) 9 8 8
SHARE CAPITAL +
RESERVES (7) 9 8 8
Share Cap + Sundry
Res 1 1 1
Profit and Loss
account (8) 8 7 8
SHAREHOLDERS FUNDS (7) 9 8 8
CAPITAL EMPLOYED (7) 9 8 8
Financial Comparison
The following figures are shown in units of 1000
Number of Weeks 52 52 52 76
Accounts Date 30/06/2005 30/06/2004 30/06/2003 30/06/2002
Currency GBP GBP GBP GBP
Liquid Assets 48 57 28 31
Net Working
Capital (11) 3 (2)
Tangible Net
Worth(T.N.W) (7) 9 8 8
Equity (7) 9 8 8
Number of Years
Trading 4 3 2 1
Key Credit Ratios
The following
figures are shown as Ratios or Percentages
Accounts Date 30/06/2005 30/06/2004 30/06/2003 30/06/2002
Current Ratio 0.9 1.1 1 0.9
Quick Ratio 0.6 1.1 1 0.9
T.N.W/Total
Assets% (10.4) 14.3 22.2 19.5
Equity Gearing% (9.5) 16.7 28.6 24.2
Key Industry Sector
Trends
Year 2007 2006 2005 2004
Sample Size 382 99999 99999 99999
Pre-Tax Profit
Margin 37.7 31.8 20.3 19.1
Current Ratio 1.6 1.5 1.7 1.6
Borrowing Ratio 28 26.3 32 35.4
Return on Capital 333.3 233.3 98.9 92.2
Creditors Days 19 116 255 173
Above figures relate to companies in 1992 Standard Industry
Classification (Nace) sector : Miscellaneous business activities not elsewhere
classified
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.
No Turnover
The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.
No Pre-Tax Profit
The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Shareholders Funds shown on the Balance Sheet is GBP 16,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 16,000.
Working Capital
The company's working capital position has reduced from a surplus and is now a deficiency of GBP 11,000.
Fixed Assets
The subject's fixed assets reduced during the year by GBP 2,000 to GBP 4,000 and are now 5 % of total assets compared with 9 % in the previous year.
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%)