MIRA
INFORM REPORT
|
Report Date : |
16.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
SHARIF FASHIONS UK LIMITED |
|
|
|
|
Registered Office : |
15A Clarke Street, London, E1 3EU |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2007 |
|
|
|
|
Date of Incorporation : |
20.01.2006 |
|
|
|
|
Legal Form : |
Private Limited with Share
Capital |
|
|
|
|
Line of Business : |
Manufacture of Other Wearing Apparel |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Slow |
Name of the company
SHARIF FASHIONS UK LIMITED
Number 05681364
company summary
|
|
Phone |
|
Type |
Private limited with Share
Capital |
|
|
|
Address |
15A CLARKE STREET, |
Company Status |
Active - Accounts Filed |
|
|
|
Postcode |
E1 3EU |
Incorporated Date |
20/01/2006 |
|
|
|
Active CCJ's |
0 |
|
|
|
|
Value of CCJ's [£] |
£0 |
|
|
|
|
Number Of Writs |
0 |
|
|
|
|
Current Directors |
2 |
|
|
|
Total Directorships |
3 |
|
|
|
Trading to Date |
31/03/07 |
|
|
Turnover |
- |
|
|
Shareholder Funds |
£-1,936 |
|
|
Employees |
- |
|
|
Trends |
|
|
|
|
Profitability |
|
|
|
|
Liquidity |
|
|
|
|
Shareholders Funds |
|
- |
company information
|
|
Registered Address |
Trading Address |
||
|
|
Telephone Number |
|
Telephone Number |
|
|
|
TPS |
|
TPS |
|
|
|
Address |
Address |
||
|
|
15A CLARKE STREET |
15A Clarke Street |
||
|
|
Web Address |
|
Incorporation Date |
20/01/2006 |
|
|
Type of Accounts |
Total Exemption Small |
Filing Date of Accounts |
16/11/2007 |
|
|
Company Type |
Private Limited With Share Capital |
Date of Latest Accounts |
31/03/2007 |
|
|
Annual Return |
20/01/2007 |
|
|
|
|
SIC Code |
Description |
|
|
1824 |
Manufacture Of Other Wearing Apparel |
|
|
Mortgage Charges |
|||
|
|
Outstanding |
0 |
Satisfied |
0 |
|
|
Shareholders |
|||
|
|
Share Capital |
1 |
Currency |
Gbp |
Secondary Industry Code Details
|
|
SIC Code |
Description |
|
|
1824 |
Manufacture Of Other Wearing Apparel |
Shareholders Details
|
|
Name |
Shares |
|
|
Sadiq Sharif |
1 Ordinary Gbp 1.00 |
|
|
Address |
Telephone Number |
TCPS |
|
|
15A Clarke Street E1 3EU |
|
|
accounts
|
|
|
Annual Accounts |
04/06-03/07 |
|
|
|
Months |
12 |
|
|
|
Currency |
GBP |
|
|
|
Consolidated A/cs |
N |
|
|
|
Turnover |
- |
|
|
|
Export |
- |
|
|
|
Cost of Sales |
- |
|
|
|
Gross Profit |
- |
|
|
|
Wages & Salaries |
- |
|
|
|
Directors Emoluments |
- |
|
|
|
Operating Profits |
- |
|
|
|
Depreciation |
- |
|
|
|
Audit Fees |
- |
|
|
|
Interest Payments |
- |
|
|
|
Pre Tax Profit |
- |
|
|
|
Taxation |
- |
|
|
|
Profit After Tax |
- |
|
|
|
Dividends Payable |
- |
|
|
|
Retained Profits |
- |
|
|
|
Annual Accounts |
04/06-03/07 |
|
|
|
Tangible Assets |
- |
|
|
|
Intangible Assets |
- |
|
|
|
Total Fixed Assets |
- |
|
|
|
Total Current Assets |
12,792 |
|
|
|
Trade Debtors |
479 |
|
|
|
Stocks & WIP |
4,650 |
|
|
|
Cash |
7,663 |
|
|
|
Other Debtors |
- |
|
|
|
Increase In Cash |
7,663 |
|
|
|
Miscellaneous Current
Assets |
- |
|
|
|
Total Assets |
12,792 |
|
|
|
Total Current Liabilities |
14,728 |
|
|
|
Trade Creditors |
- |
|
|
|
Bank Loans &
Overdrafts |
- |
|
|
|
Other Short Term Fin |
- |
|
|
|
Miscellaneous Current
Liabilities |
14,728 |
|
|
|
Other Long Term Fin |
- |
|
|
|
Total Long Term
Liabilities |
- |
|
|
|
Bank Loans &
Overdrafts & LTL |
- |
|
|
|
Total Liabilities |
14,728 |
|
|
|
Net Assets |
-1,936 |
|
|
|
Working Capital |
-1,936 |
|
|
|
Annual Accounts |
04/06-03/07 |
|
|
|
Called up Share Capital |
1 |
|
|
|
P&L Account Reserve |
-1,937 |
|
|
|
Sundry Reserves |
- |
|
|
|
Revaluation Reserve |
- |
|
|
|
Shareholder Funds |
-1,936 |
|
|
|
Net Worth |
-1,936 |
|
|
|
Annual Accounts |
04/06-03/07 |
|
|
|
Net Cashflow from
Operations |
- |
|
|
|
Net Cashflow before
Financing |
- |
|
|
|
Net Cashflow from
Financing |
- |
|
|
|
Contingent Liability |
NO |
|
|
|
Capital Employed |
-1,936 |
|
|
|
No of Employees |
- |
|
|
Auditors |
|
|
|
AuditQualification |
No Adverse Comments |
|
|
Bankers |
|
|
|
BankBranchCode |
|
|
|
|
Annual Accounts |
04/06-03/07 |
|
|
|
Pre-tax profit margin % |
- |
|
|
|
Current ratio |
0.87 |
|
|
|
Sales/Net Working Capital |
- |
|
|
|
Gearing % |
0.0 % |
|
|
|
Equity in % |
-15.1 % |
|
|
|
Creditor Days |
- |
|
|
|
Debtor Days |
- |
|
|
|
Liquidity/Acid Test |
0.55 |
|
|
|
Return On Capital Employed
% |
- |
|
|
|
Return On Total Assets
Employed % |
- |
|
|
|
Current Debt Ratio % |
-7.6 % |
|
|
|
Total Debt Ratio % |
-7.6 % |
|
|
|
Stock Turnover Ratio % |
- |
|
|
|
Return on Net Assets
Employed % |
- |
group structure
No group structure for this company.
Status History
|
Date |
Description |
|
No Status History |
|
Event History
|
Date |
Description |
|
23/11/2007 |
New Accounts Filed |
|
16/07/2007 |
Annual Returns |
|
02/05/2007 |
Change In Reg.office |
|
02/05/2007 |
Change Of Company Postcode |
|
25/01/2006 |
New Board Member (jahan Sharif) Appointed |
|
25/01/2006 |
New Board Member (sadiq Sharif) Appointed |
|
24/01/2006 |
Change Of Name |
|
24/01/2006 |
Change In Reg.office |
|
24/01/2006 |
Change Of Company Postcode |
Directors
|
|
Name |
Jahanara Sharif |
|
|
|
|
Address |
48 Kensington Avenue |
|
|
|
|
|
Manor Park |
||
|
|
|
London |
||
|
|
|
E12 6NP |
||
|
|
Officers Title |
Ms |
Date Of Birth |
|
|
|
Honours |
|
Present Appointments |
1 |
|
|
Appointment Date |
|
Function |
Company Secretary |
|
|
|
|
|
|
|
|
Name |
Sadiq Sharif |
|
|
|
|
Address |
48 Kensington Avenue |
|
|
|
|
|
Manor Park |
||
|
|
|
London |
||
|
|
|
E12 |
||
|
|
|
E12 6NP |
||
|
|
Officers Title |
Mr |
Date Of Birth |
17/12/1960 |
|
|
Honours |
|
Present Appointments |
2 |
|
|
Appointment Date |
20/01/2006 |
Function |
Director |
|
|
|
|
|
|
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.08 |
|
UK Pound |
1 |
Rs.71.17 |
|
Euro |
1 |
Rs.66.98 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)