MIRA
INFORM REPORT
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Report Date : |
31.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ARTISTIC FRAMING LTD |
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Registered Office : |
Linden House, Linden Street, Leicester, LE5 5EE |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
05.04.2006 |
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Com. Reg. No.: |
05771115 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Other Manufacturing |
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 |
ARTISTIC FRAMING LTD |
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Registered Office |
Linden House, Linden Street, Leicester, LE5 5EE |
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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 |
05771115 |
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Date of Incorporation |
05/04/2006 |
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Registered Office |
Linden House, Linden Street, Leicester, LE5 5EE |
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Date of Last Annual Return to
Registry |
05/04/2007 |
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Accounts |
The last filed accounts cover the period to 30/06/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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05/04/2007 |
Annual Return |
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30/06/2007 |
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 |
94, HORSENDEN LANE SOUTH PERIVALE , GREENFORD
, MIDDX , UB6 7NN |
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Country of Origin |
BRITISH |
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Date of Birth |
18/04/1945 |
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Appointment Date |
05/04/2006 |
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Other Appointments |
ARTISTIC FRAMING LTD, CODETREK LIMITED, U.
VEEROMAL & CO LIMITED |
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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Gul Viroomal Chugani |
ORD |
1 |
1.00 |
100.00 |
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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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Sic Code |
Description |
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3663 |
Other manufacturing not elsewhere classified |
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Staff Employed |
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Financial Data
Profit and Loss
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Number of Weeks |
52 |
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Accounts Date |
30/06/2007 |
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Currency |
GBP |
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Units |
units |
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Consolidated? |
No |
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RETAINED PROFITS |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
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Accounts Date |
30/06/2007 |
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Currency |
GBP |
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Units |
units |
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Consolidated? |
No |
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TOTAL FIXED ASSETS |
8,945 |
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Total Fixed Assets |
8,945 |
- |
- |
- |
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TOTAL CURRENT ASSETS |
53,710 |
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Stocks |
31,558 |
- |
- |
- |
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Trade Debtors |
21,814 |
- |
- |
- |
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Cash |
338 |
- |
- |
- |
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TOTAL ASSETS |
62,655 |
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TOTAL CURRENT LIABILITIES |
58,905 |
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Other Current Liabilities |
58,905 |
- |
- |
- |
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WORKING CAPITAL |
-5,195 |
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TOTAL LONG TERM LIABS |
0 |
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NET ASSETS/(LIABILITIES) |
3,750 |
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SHARE CAPITAL + RESERVES |
3,750 |
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Issued Share Capital |
1 |
- |
- |
- |
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Profit and Loss account |
3,749 |
- |
- |
- |
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SHAREHOLDERS FUNDS |
3,750 |
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CAPITAL EMPLOYED |
3,750 |
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TANGIBLE NET WORTH |
3,750 |
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Key Credit Ratios
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Accounts Date |
30/06/2007 |
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Current Ratio |
0.91 |
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Quick Ratio |
0.38 |
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T.N.W/Total Assets |
0.06 |
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Solvency (%) |
1570.80 |
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%)