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MIRA
INFORM REPORT
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Report Date : |
23.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
WORLD SHINER (U.K.) LIMITED |
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Registered Office : |
11 Ashurst Road, Cockfosters, Hertfordshire EN4 9LE |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
08.01.2004 |
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Com. Reg. No.: |
05009524 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Wholesalers of General Goods |
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
WORLD SHINER (UK) LIMITED |
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Trading Address |
Princess House,50-60 Eastcastle Street,LONDON,W1W 8EA |
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Telephone |
020-7323-1144 |
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Average Risk - This company has an average risk status and should be treated with a degree of caution |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
05009524 |
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Date of Incorporation |
08/01/2004 |
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Registered Office |
11 Ashurst Road, Cockfosters, Hertfordshire EN4 9LE |
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Date of Last Annual Return to Registry |
08/01/2007 |
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Activities |
General goods wholesalers |
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Accounts |
The last filed accounts cover the period to 30/06/2006 and were filed
on 26/04/2007 |
Recently Filed
Documents
Details of the most
recent documents
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Date Received |
Description |
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08/01/2007 |
Annual Return |
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30/06/2006 |
Financial Statement / Set of Accounts |
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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 |
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Occupation |
JEWELLER |
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Address |
51 SATYAM BUILDINGS , RUNGTA LANE NEPEANSEA ROAD , MUMBAI
, INDIA , 400 006 |
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Date of Birth |
01/05/1971 |
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Appointment Date |
08/01/2004 |
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Other Appointments |
WORLD SHINER (UK) LIMITED |
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DIRECTOR |
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Occupation |
EXPORT MANAGER |
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Address |
12-18, BLOOMSBURY STREET , LONDON , WC1B 3QA |
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Country of Origin |
INDIAN |
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Date of Birth |
18/01/1982 |
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Appointment Date |
16/03/2004 |
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Other Appointments |
WORLD SHINER (UK) LIMITED |
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SECRETARY |
ASHTON CO SERVICES LTD |
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Address |
11 ASHURST ROAD, , BARNET , HERTFORDSHIRE , EN4
9LE |
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Country of Origin |
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Appointment Date |
03/01/2007 |
Recently Resigned
Directors (last 3)
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DIRECTOR |
COMPANY DIRECTORS LIMITED - |
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Occupation |
REGISTRATION AGENT |
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Address |
788-7 , FINCHLEY ROAD , LONDON , - - |
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Resignation Date |
08/01/2004 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Roopesh Mahendra Jhaveri |
ORD |
100 |
100.00 |
100.00 |
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Mortgages and Charges
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Total Registered |
2 |
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Total Outstanding |
2 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
11/06/2007 |
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Date Registered |
19/06/2007 |
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Type |
395 |
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Date Created |
11/06/2007 |
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Lender |
MOUNT EDEN LAND LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
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Details |
MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF A DESIGNATED
DEPOSIT ACCOUNT |
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Satisfied? |
No |
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Date Registered |
01/05/2004 |
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Type |
395 |
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Date Created |
29/04/2004 |
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Lender |
MOUNT EDEN LAND LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
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Details |
MONIES FROM TIME TO TIME STANDING TO THE CREDIT OF A DEPOSIT ACCOUNT
OPENED BY THE LANDLORD WITH HIS BANKERS; SEE THE MORTGAGE CHARGE DOCUMENT FOR
FULL DETAILS |
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Satisfied? |
No |
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Public Record
Information
Summary of
CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
General goods wholesalers |
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Sic Code |
Description |
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5170 |
Other wholesale |
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Staff Employed |
4 |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
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Accounts Date |
30/06/2006 |
30/06/2005 |
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Currency |
GBP |
GBP |
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Consolidated? |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
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Accounts Date |
30/06/2006 |
30/06/2005 |
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Currency |
GBP |
GBP |
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Consolidated? |
No |
No |
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TOTAL FIXED ASSETS |
7 |
9 |
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Plant, machinery & equipment |
7 |
- |
- |
- |
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TOTAL CURRENT ASSETS |
1,326 |
892 |
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Stocks |
610 |
538 |
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- |
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Trade Debtors |
666 |
337 |
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- |
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Cash |
51 |
17 |
- |
- |
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TOTAL ASSETS |
1,332 |
901 |
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TOTAL CURRENT LIABILITIES |
1,404 |
944 |
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Trade Creditors |
880 |
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- |
- |
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Taxes |
82 |
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- |
- |
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Other Current Liabilities |
441 |
944 |
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- |
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WORKING CAPITAL |
-78 |
-52 |
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TOTAL LONG TERM LIABS |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
-71 |
-43 |
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SHARE CAPITAL + RESERVES |
-71 |
-43 |
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Issued Share Capital |
0 |
0 |
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- |
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Profit and Loss account |
-71 |
-43 |
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- |
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SHAREHOLDERS FUNDS |
-71 |
-43 |
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CAPITAL EMPLOYED |
-71 |
-43 |
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TANGIBLE NET WORTH |
-71 |
-43 |
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Key Credit Ratios |
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Accounts Date |
30/06/2006 |
30/06/2005 |
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Current Ratio |
0.94 |
0.94 |
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Quick Ratio |
0.51 |
0.38 |
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T.N.W/Total Assets |
-0.05 |
-0.05 |
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Solvency (%) |
-1977.46 |
-2195.35 |
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Financial Summary |
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Working Capital |
The company's working capital deficiency increased in the period and
now stands at GBP 78,000 |
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Tangible Net
Worth |
Net worth reduced by 28,000 during the period and now stands at GBP
-71,000 |
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Fixed Assets |
The subjects fixed assets reduced during the period by GBP 2,000
to GBP 7,000 and are now 1% of total assets compared with 1% 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 |
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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. |
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%)