MIRA
INFORM REPORT
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Report Date : |
14.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
PREEMA
INTERNATIONAL LIMITED |
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Registered Office : |
Preema Hse, Preema Int Ltd, 171 Camford Way Luton, Beds LU3 3AN |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
18.10.1990 |
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Com. Reg. No.: |
02549646 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Import Agents of Catering and Janitorial Supplies |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
PREEMA
INTERNATIONAL LIMITED
Trading Address
3 Sheraton
Business Centre, Wadsworth Road,Greenford,UB6 7JB
Telephone 020-8566-7860
Official Company Data
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|
Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
02549646 |
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Date of Incorporation |
18/10/1990 |
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Registered Office |
Preema Hse, Preema Int Ltd, 171 Camford Way Luton, Beds LU3 3AN |
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Date of Last Annual Return to Registry |
18/10/2007 |
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Activities |
Import agents of catering and janitorial supplies |
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Accounts |
The last filed accounts cover the period to 31/03/2005 and were filed
on 13/12/2006 |
Details of the most recent
documents
|
Date Received |
Description |
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18/10/2007 |
Annual Return |
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31/03/2005 |
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
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DIRECTOR |
DEEPAK KOHLI |
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Occupation |
BUSINESSMAN |
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Address |
40, SEDGECOMBE AVENUE KENTON , HARROW , MIDDX , HA3 0HN |
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Country of Origin |
BRITISH |
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Date of Birth |
18/11/1977 |
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Appointment Date |
18/10/2001 |
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Other Appointments |
AURA CATERING SUPPLIES LTD, PREEMA INTERNATIONAL (UK) LIMITED, PREEMA
INTERNATIONAL LIMITED |
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DIRECTOR |
PUSHPA KOHLI |
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Occupation |
BUSINESS WOMAN |
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Address |
40, SEDGECOMBE AVENUE KENTON , HARROW , MIDDX , HA3 0HN |
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Country of Origin |
BRITISH |
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Date of Birth |
19/09/1948 |
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Appointment Date |
09/10/1992 |
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Other Appointments |
PREEMA INTERNATIONAL (IMPORT-EXPORT) LIMITED, PREEMA INTERNATIONAL
LIMITED |
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DIRECTOR |
PREEMA KOHLI VERMA |
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Occupation |
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Address |
2, HUGHENDEN AVENUE KENTON , HARROW , MIDDX , HA3 8HA |
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Country of Origin |
BRITISH |
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Date of Birth |
21/12/1972 |
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Appointment Date |
18/10/2001 |
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Other Appointments |
DESIGN POINT LTD, PREEMA INTERNATIONAL (UK) LIMITED, PREEMA INTERNATIONAL
LIMITED |
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SECRETARY |
PREEMA KOHLI VERMA |
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Address |
2 HUGHENDEN AVENUE, KENTON , HARROW , MIDDLESEX , HA3 8HA |
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Country of Origin |
BRITISH |
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Date of Birth |
21/12/1972 |
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Appointment Date |
09/10/1992 |
Recently Resigned Directors (last 3)
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None |
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Public Record Information
Summary of
CCJ's/Scottish Decrees
There are 1 exact unsatisfied CCJs totalling GBP 1727 in the last 72
months
Details of most recent CCJ's/Scottish Decrees
01/04/2008, a Judgment of "GBP" 1727 was made in SHEFFIELD
court (Case No. 8SE02069 ) against Preema International Ltd, R/o Preema Ho, 171
Camford Way, Luton, Bedfordshire, LU3 3AN
Operations
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Activities |
Import agents of catering and janitorial supplies |
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Sic Code |
Description |
|
5165 |
Wholesale of other machinery for use in industry, trade and navigation |
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6311 |
Cargo handling |
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Staff Employed |
10 |
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Auditors |
Jassens |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the latest accounts. |
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Bankers |
Barclays Bank PLC |
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Sort Codes |
208546 |
Financial Data
Profit and Loss
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2005 |
31/03/2004 |
31/03/2003 |
31/03/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
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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 |
|
Accounts Date |
31/03/2005 |
31/03/2004 |
31/03/2003 |
31/03/2002 |
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Currency |
GBP |
GBP |
GBP |
GBP |
|
Units |
units |
units |
units |
units |
|
Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
37,158 |
53,518 |
45,849 |
23,488 |
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Total Fixed Assets |
37,158 |
53,518 |
45,849 |
23,488 |
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TOTAL CURRENT ASSETS |
446,367 |
324,056 |
379,806 |
339,093 |
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Stocks |
103,670 |
87,176 |
78,259 |
106,762 |
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Trade Debtors |
322,200 |
216,417 |
195,984 |
211,299 |
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Cash |
20,497 |
20,463 |
105,563 |
21,032 |
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TOTAL ASSETS |
483,525 |
377,574 |
425,655 |
362,581 |
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TOTAL CURRENT LIABILITIES |
371,093 |
340,673 |
409,760 |
360,269 |
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Bank Overdraft |
11,031 |
5,684 |
- |
- |
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Other Current Liabilities |
360,062 |
334,989 |
409,760 |
360,269 |
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WORKING CAPITAL |
75,274 |
-16,617 |
-29,954 |
-21,176 |
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TOTAL LONG TERM LIABS |
1,380 |
0 |
0 |
0 |
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Other Long Term Liabilities |
1,380 |
- |
- |
- |
|
NET ASSETS/(LIABILITIES) |
112,432 |
36,901 |
15,895 |
2,312 |
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SHARE CAPITAL + RESERVES |
111,052 |
36,901 |
15,895 |
2,312 |
|
Issued Share Capital |
6 |
6 |
6 |
6 |
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Profit and Loss account |
111,046 |
36,895 |
15,889 |
2,306 |
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SHAREHOLDERS FUNDS |
111,052 |
36,901 |
15,895 |
2,312 |
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CAPITAL EMPLOYED |
112,432 |
36,901 |
15,895 |
2,312 |
|
TANGIBLE NET WORTH |
111,052 |
36,901 |
15,895 |
2,312 |
Key Credit Ratios
|
Accounts Date |
31/03/2005 |
31/03/2004 |
31/03/2003 |
31/03/2002 |
|
Current Ratio |
1.20 |
0.95 |
0.93 |
0.94 |
|
Quick Ratio |
0.92 |
0.70 |
0.74 |
0.64 |
|
T.N.W/Total Assets |
0.23 |
0.10 |
0.04 |
0.01 |
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Equity Gearing |
0.80 |
- |
- |
- |
|
Solvency (%) |
335.40 |
923.21 |
2577.92 |
15582.57 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by -553% |
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Tangible Net Worth |
Net worth increased by 74,151 during the period and now stands at GBP
111,052,units |
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Fixed Assets |
The subjects fixed assets reduced during the period by GBP 16,360 to
GBP 37,158,units and are now 8% of total assets compared with 14% in the
previous period |
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Long Term Liabilities |
Long term liabilities are now 0% of total assets compared with 0% 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 |
|
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%)