MIRA
INFORM REPORT
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Report Date : |
10.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALCHEMIE EUROPE LIMITED |
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Registered Office : |
7-9 St Mary's Place, Bury, Lancashire, BL9 0DZ |
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Country : |
United Kingdom |
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Financials (as on) : |
30.11.2006 |
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Date of Incorporation : |
25.05.1995 |
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Com. Reg. No.: |
03061267 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Durable Goods Wholesalers |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 8,200 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
ALCHEMIE EUROPE LIMITED |
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Holding Company |
Aarti Industries Ltd |
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Ultimate Holding Company |
AARTI INDUSTRIES LIMITED |
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Trading Address |
7-9 ST MARY'S PL,BURY,BL9 0DZ |
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Telephone |
0161-763-1624 |
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There is a high degree of confidence this company will prove
good for the assigned Credit Limit |
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Credit Limit |
GBP 8,200 |
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Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 54,900 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
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Significant Event
Please
note that subject is a subsidiary of Aarti Industries Ltd
Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
03061267 |
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Date of Incorporation |
25/05/1995 |
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Registered Office |
7-9 St Mary's Place, Bury, Lancashire, BL9 0DZ |
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Date of Last Annual Return to
Registry |
25/05/2007 |
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Activities |
Durable goods wholesalers |
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Accounts |
The last filed accounts cover the period to 30/11/2006 and
were filed on 17/05/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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25/05/2007 |
Annual Return |
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30/11/2006 |
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 |
DIRECTOR |
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Address |
7-9, ST MARYS PLACE , BURY , LANCS
, BL9 0DZ |
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Country of Origin |
BRITISH |
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Date of Birth |
13/02/1954 |
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Appointment Date |
26/05/1995 |
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Other Appointments |
ALCHEMIE EUROPE LIMITED, ALCHEMIE OVERSEAS
LIMITED, ANGLICAN MEDISYSTEMS LIMITED, BHANU CHEMICALS (EUROPE)
LTD., CADEPORT AND INDACE LIMITED, GLOBAL NUTRITIONS
LIMITED, INDACE LIMITED |
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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Address |
, MURAR ROAD MULUND WEST , BOMBAY , INDIA
, |
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Country of Origin |
INDIAN |
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Date of Birth |
15/12/1959 |
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Appointment Date |
10/08/1995 |
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Other Appointments |
ALCHEMIE EUROPE LIMITED |
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DIRECTOR |
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Occupation |
COMPANY EXECUTIVE |
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Address |
301, SHEETAL EDULJI ROAD , THANE , INDIA
, |
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Country of Origin |
INDIAN |
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Date of Birth |
09/01/1958 |
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Appointment Date |
10/08/1995 |
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Other Appointments |
ALCHEMIE EUROPE LIMITED |
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SECRETARY |
MS ASHA RAWAT |
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Address |
7-9 ST MARYS PLACE, , BURY , LANCASHIRE
, BL9 0DZ |
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Country of Origin |
BRITISH |
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Date of Birth |
04/10/1952 |
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Appointment Date |
26/05/1995 |
Recently Resigned Directors (last
3)
None
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
Voting %age |
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Aarti Industries Ltd |
ORD |
40,000 |
40,000.00 |
80.00 |
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Indace Ltd |
ORD |
10,000 |
10,000.00 |
20.00 |
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Mortgages and Charges
There
are no mortgages
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the company.
Operations
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Activities |
Durable goods wholesalers |
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Sic Code |
Description |
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5170 |
Other wholesale |
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Staff Employed |
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Financial Data
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/11/2006 |
30/11/2005 |
30/11/2004 |
30/11/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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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 |
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Accounts Date |
30/11/2006 |
30/11/2005 |
30/11/2004 |
30/11/2003 |
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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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TOTAL FIXED ASSETS |
0 |
441 |
1,274 |
1,809 |
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TOTAL CURRENT ASSETS |
3,051,216 |
2,958,252 |
2,202,571 |
2,030,006 |
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Stocks |
201,448 |
392,302 |
88,645 |
98,901 |
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Trade Debtors |
2,735,794 |
2,465,863 |
2,035,811 |
1,736,180 |
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Cash |
113,974 |
100,087 |
78,115 |
194,925 |
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TOTAL ASSETS |
3,051,216 |
2,958,693 |
2,203,845 |
2,031,815 |
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TOTAL CURRENT LIABILITIES |
2,968,893 |
2,877,896 |
2,124,656 |
1,953,628 |
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Other Current Liabilities |
2,968,893 |
2,877,896 |
2,124,656 |
1,953,628 |
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WORKING CAPITAL |
82,323 |
80,356 |
77,915 |
76,378 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
82,323 |
80,797 |
79,189 |
78,187 |
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SHARE CAPITAL + RESERVES |
82,323 |
80,797 |
79,189 |
78,187 |
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Issued Share Capital |
50,000 |
50,000 |
50,000 |
50,000 |
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Profit and Loss account |
32,323 |
30,797 |
29,189 |
28,187 |
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SHAREHOLDERS FUNDS |
82,323 |
80,797 |
79,189 |
78,187 |
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CAPITAL EMPLOYED |
82,323 |
80,797 |
79,189 |
78,187 |
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TANGIBLE NET WORTH |
82,323 |
80,797 |
79,189 |
78,187 |
Key Credit Ratios
|
Accounts Date |
30/11/2006 |
30/11/2005 |
30/11/2004 |
30/11/2003 |
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Current Ratio |
1.03 |
1.03 |
1.04 |
1.04 |
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Quick Ratio |
0.96 |
0.89 |
0.99 |
0.99 |
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T.N.W/Total Assets |
0.03 |
0.03 |
0.04 |
0.04 |
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Solvency (%) |
3606.40 |
3561.88 |
2683.02 |
2498.66 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by 2%
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Tangible Net Worth |
Net worth increased by 1,526 during the period and now
stands at GBP 82,323,units |
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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 |
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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%)