MIRA INFORM REPORT

 

 

Report Date :

28.11.2008

 

IDENTIFICATION DETAILS

 

Name :

ALDGATE WAREHOUSE (WHOLESALE) LIMITED

 

 

Registered Office :

C/O Bellstar Associates Limited, 727 - 729 High Road, London, N12 0bp

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2006

 

 

Date of Incorporation :

06.11.1975

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Factors, Wholesalers, General Merchants, Importers, Warehousing And Property Dealing

 

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

[£]175,000

 

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

Name

 

ALDGATE WAREHOUSE (WHOLESALE) LIMITED              

 

Number         01232543                                     

 

 

company summary

 

Phone

 

Type

Private limited with Share Capital

Address

C/O BELLSTAR ASSOCIATES LIMITED,
727 - 729 HIGH ROAD,
LONDON,
N12 0BP

Company Status

Active - Accounts Filed

Postcode

N12 0BP

Incorporated Date

06/11/1975

 

Todays Limit [£]                                                                        175,000

 

 

Active CCJ's

0

 

 

 

Value of CCJ's [£]

£0

 

 

 

Number Of Writs

0

 

 

 

 

Current Directors

3

 

 

Total Directorships

89

 

 

 

Trading to Date

31/12/06

31/12/05

31/12/04

 

Turnover

£5,650,980

£7,017,310

£8,703,718

 

Shareholder Funds

£8,961,430

£4,251,476

£4,247,027

 

Employees

20

20

17

 

 

company information

 

Registered Address

Trading Address

Telephone Number

 

Telephone Number

 

TPS

 

TPS

 

Address

Address

C/O BELLSTAR ASSOCIATES LIMITED
727 - 729 HIGH ROAD
LONDON
N12 0BP

c/o Bellstar Asscociates Limited
Suite 2 313 Regents Park Road
Finchley
N3 1DP

 

 

Web Address

aldgate-no1.com

Incorporation Date

06/11/1975

 

Type of Accounts

Full Accounts

Filing Date of Accounts

20/05/2008

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

31/12/2006

 

Annual Return

31/01/2008

 

 

 

 

 

 

Industry:

 

Factors, Wholesalers, General Merchants, Importers, Warehousing And Property Dealing.

 

 

 

 

 

 

SIC Code

Description

 

5142

Wholesale Of Clothing & Footwear

 

 

 

 

 

 

 

Mortgage Charges

 

Outstanding

21

Satisfied

4

 

 

 

 

 

 

 

Shareholders

 

Share Capital

50000

Currency

Gbp

 

 

 

 

 

 

 

Secondary Industry Code Details  

 

 

 

SIC Code

Description

 

5142

Wholesale Of Clothing & Footwear

 

      Mortgage Details                                                                                                                                       

 

 

Mortgage Type:

charge of deposit

 

Date Charge Created:

04/07/2008

Date Charge Registered:

11/07/2008

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever

 

Details:

the deposit initially of £100,000 credited to account designation number 44520328 with the bank and any addition to that deposit and any deposit or account from time to time of any other currency description or designation which derives in whole or in part from such deposit or account

 

 

 

 

Mortgage Type:

legal mortgage

 

Date Charge Created:

19/09/2007

Date Charge Registered:

28/09/2007

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

FIBI BANK (UK) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

f/h 20 hodgson street sheffield t/n syk521540 buildings fixtures benefit of licences insurances floating charge all moveable plant machinery equipment implements utensils

 

 

Mortgage Type:

debenture

 

Date Charge Created:

19/09/2007

Date Charge Registered:

28/09/2007

 

Date Charge Satisfied:

02/07/2008

Status:

Satisfied

 

Person(s) Entitled:

FIBI BANK (UK) PLC

 

Amount Secured:

 

 

Details:

fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinerysee the mortgage charge document for full details

 

 

 

 

Mortgage Type:

charge over credit balances

 

Date Charge Created:

19/09/2007

Date Charge Registered:

28/09/2007

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

FIBI BANK (UK) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

all sums held in deposit account numbered 146943

 

 

 

 

Mortgage Type:

rent charge agreement

 

Date Charge Created:

19/09/2007

Date Charge Registered:

28/09/2007

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

FIBI BANK (UK) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

all rents relating to 20 hodgson street sheffield

 

 

 

 

Mortgage Type:

legal mortgage

 

Date Charge Created:

02/02/2007

Date Charge Registered:

06/02/2007

 

Date Charge Satisfied:

03/06/2008

Status:

Satisfied

 

Person(s) Entitled:

AIB GROUP (UK) PLC

 

Amount Secured:

 

 

Details:

75 milton street sheffield and land at hogson street and thomas street sheffield t/no"s syk362563 and syk362562 by way of specific charge the goodwill and connection of the business or businesses and also by way of floating security all moveable plant machinery implements furniture equipment stock-in-trade work in progress and other chattels

 

 

 

 

Mortgage Type:

legal mortgage

 

Date Charge Created:

10/03/2006

Date Charge Registered:

15/03/2006

 

Date Charge Satisfied:

03/06/2008

Status:

Satisfied

 

Person(s) Entitled:

AIB GROUP (UK) PLC

 

Amount Secured:

 

 

Details:

land and buildings at milton street and headford street sheffield,183 sheffield street sheffield t/no"s syk68173 and syk490617 by way of specific charge the goodwill and connection of the business or businesses and also by way of floating security all moveable plant machinery implements furniture equipment stock-in-trade work in progress and other chattels

 

 

Mortgage Type:

mortgage debenture

 

Date Charge Created:

10/03/2006

Date Charge Registered:

15/03/2006

 

Date Charge Satisfied:

09/04/2008

Status:

Satisfied

 

Person(s) Entitled:

AIB GROUP (UK) PLC

 

Amount Secured:

 

 

Details:

fixed and floating charges over the undertaking and all property and assets present and future including goodwill uncalled capital buildings fixtures plant and machinery see the mortgage charge document for full details

 

 

 

 

Mortgage Type:

charge of deposit

 

Date Charge Created:

02/06/2004

Date Charge Registered:

11/06/2004

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

the deposit initially of £75,000 credite d to account designation 45520328 with t he bank and any addition to that deposit and any deposit or account from time to time of any other currency description or designation which derives in whole or in part from such deposit or account

 

 

 

 

Mortgage Type:

first party deed of charge over property

 

Date Charge Created:

03/12/1999

Date Charge Registered:

07/12/1999

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

UNITED MIZRAHI BANK LIMITED

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

f/h land and buildings k/a 24 sutherland road walthamstowe l/b of waltham forest t/no egl123225 and f/h land and buildin g situate at the rear of 24 sutherland r oad t/no egl136657 with all fixtures and fittings the proceeds of sale and the g oodwill of the business

 

 

 

 

Mortgage Type:

charge over cash deposit

 

Date Charge Created:

03/12/1999

Date Charge Registered:

07/12/1999

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

UNITED MIZRAHI BANK LIMITED

 

Amount Secured:

all monies due or to become due from the company to the chargee.

 

Details:

such accounts the company may have with the bank

 

 

 

 

Mortgage Type:

charge over credit balances

 

Date Charge Created:

28/05/1996

Date Charge Registered:

01/06/1996

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK LEUMI (U.K.) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

fixed charge over all monies from time t o time held to the credit of the company by the bank on any current deposit or o ther account(s) which the company may no w or hereafter have with the bank or und er any deposit receipt

 

 

 

 

Mortgage Type:

legal charge

 

Date Charge Created:

13/01/1995

Date Charge Registered:

19/01/1995

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

HABIB BANK AG ZURICH

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

f/h property known as 14-24 (even number s) and 24a hillyfield and 1-21 (odd numb ers) stirling road, walthamstow; st andr ew mills, st andrew road, 38-52 (even nu mbers) st andrew road and adjoining land , walthamstow; land on the east side of sunderland road, walthamstow; 54 st andr ews road, walthamstow; land on the south side of st andrews road, walthamstow. t /nos egl136658, egl136657, egl123225, eg l34769 & ngl197956.

 

 

Mortgage Type:

memorandum of deposit

 

Date Charge Created:

18/11/1993

Date Charge Registered:

07/12/1993

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK LEUMI (U.K.) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

the property comprised in the deeds poli cies securities certificates and/or othe r documents which have been or may from time to time be deposited with the bank as continuing security

 

 

 

 

Mortgage Type:

legal mortgage

 

Date Charge Created:

17/03/1992

Date Charge Registered:

20/03/1992

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK LEUMI (UK)PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

f/h 111-118 whitechapel high street lond on e1 see form 395 for title numbers 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

 

 

Mortgage Type:

legal mortgage

 

Date Charge Created:

08/03/1991

Date Charge Registered:

14/03/1991

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK LEUMI (UK) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

f/h property k/a 58, commercial street, london e1. title no 414870 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

 

 

Mortgage Type:

legal charge

 

Date Charge Created:

12/12/1990

Date Charge Registered:

17/12/1990

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK LEUMI (UK) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

buildings 9, 10 & 12 (to be k/a spa hous e, pump house & brook house) chapel plac e, old street & rivington street, london ec 2 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

 

 

Mortgage Type:

legal mortgage

 

Date Charge Created:

17/05/1989

Date Charge Registered:

18/05/1989

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK LEUMI (UK) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

f/h & l/h properties k/a 111-118 whitech apel high street, london e1. title nos n gl 213251, 144471, 340987, 322621 ln 114 683, ln 45058, ln 176583, 321451, ln 189 365, ln 176576 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

 

 

Mortgage Type:

legal charge

 

Date Charge Created:

17/05/1989

Date Charge Registered:

24/05/1989

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

UNITED DOMINIONS TRUST LIMITED

 

Amount Secured:

not exceeding £4,000,000 on any accou nt whatsoever all monies due or to become due from the company to the chargee.

 

Details:

the properties referred to in the schedu le on form 395 and all buildings and str uctures thereon (see form 395 for full details) 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

Mortgage Type:

legal mortgage

 

Date Charge Created:

02/11/1988

Date Charge Registered:

12/11/1988

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK LEUMI (UK) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

115/118 whitechapel high street, london e1. 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

 

 

Mortgage Type:

debenture

 

Date Charge Created:

24/07/1985

Date Charge Registered:

26/07/1985

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK LEUMI (UK) PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

 

 

 

 

Mortgage Type:

legal mortgage

 

Date Charge Created:

07/11/1983

Date Charge Registered:

14/11/1983

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

115/118 whitechapel high st london e1. t itle nos ngl 23251 144471, 304987 ln 114 683, 45058 1765838 189365 176576 and the proceeds of sale thereof. 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

 

 

Mortgage Type:

legal charge

 

Date Charge Created:

26/11/1981

Date Charge Registered:

01/12/1981

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK HAPOALIM BM

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

all properties mentioned on schedule att ached to doc m15 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

 

 

 

Mortgage Type:

legal charge

 

Date Charge Created:

26/11/1981

Date Charge Registered:

01/12/1981

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

BANK HAPOALIM BM

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

l/h promises at 115/118 whitechapel high street

 

 

 

 

Mortgage Type:

legal charge

 

Date Charge Created:

06/04/1981

Date Charge Registered:

16/04/1981

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

76/96 (evens) kingsland rd, & colliers y ard union walk, shore ditch london e1 an d 14 union walk, shoreditch. title no: 2 50223 09 floating charge over all moveable plantmachinery implements utensils furnitureand equipment.

 

Shareholders Details 

 

 

 

Name

Shares

 

Ac & Tc Holdings Ltd

50,000 Ordinary Gbp 1.00

 

 

Trading Address Details

 

 

Address

Telephone Number

TCPS

 

c/o Bellstar Asscociates Limited Suite 2 313 Regents Park Road Finchley N3 1DP

 

 

 

 

accounts

 

 

Profit & Loss

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

5,650,980

-19.5 %

7,017,310

-19.4 %

8,703,718

 

Export

-

-

-

-

-

 

Cost of Sales

4,715,085

-19.1 %

5,826,095

-22.7 %

7,534,908

 

Gross Profit

935,895

-21.4 %

1,191,215

1.9 %

1,168,810

 

Wages & Salaries

-

-

-

-

-

 

Directors Emoluments

-

-

-

-

-

 

Operating Profits

159,603

142.8 %

65,746

111.1 %

-594,584

 

Depreciation

3,809

-53.4 %

8,172

-56.0 %

18,563

 

Audit Fees

15,000

-

15,000

-40.0 %

25,000

 

Interest Payments

103,253

68.4 %

61,297

-9.0 %

67,328

 

Pre Tax Profit

56,350

999.9%

4,449

-98.6 %

313,088

 

Taxation

-

-

-

-

-

 

Profit After Tax

56,350

999.9%

4,449

-98.6 %

313,088

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

56,350

999.9%

4,449

-98.6 %

313,088

 

Balance Sheet

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Tangible Assets

5,651,235

999.9%

7,000

-79.4 %

33,956

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

5,651,235

999.9%

7,000

-79.4 %

33,956

 

Total Current Assets

12,785,681

58.4 %

8,069,505

3.4 %

7,802,111

 

Trade Debtors

948,249

-11.8 %

1,075,302

18.1 %

910,252

 

Stock

2,383,930

-9.4 %

2,631,158

31.6 %

2,000,000

 

Cash

155,339

5.4 %

147,394

61.7 %

91,156

 

Other Current Assets

9,298,163

120.6 %

4,215,651

-12.2 %

4,800,703

 

Increase In Cash

7,945

-85.9 %

56,238

-38.3 %

91,156

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

18,436,916

128.3 %

8,076,505

3.1 %

7,836,067

 

Total Current Liabilities

8,816,969

148.1 %

3,553,612

5.6 %

3,365,032

 

Trade Creditors

675,464

-28.9 %

949,494

-26.7 %

1,295,847

 

Bank Overdraft

875,716

16.1 %

754,495

7.7 %

700,654

 

Other Short Term Fin

7,148,142

307.7 %

1,753,093

37.4 %

1,275,986

 

Miscellaneous Current Liabilities

117,647

21.9 %

96,530

4.3 %

92,545

 

Other Long Term Fin

-

-

-

-100.0 %

22,758

 

Total Long Term Liabilities

658,517

142.6 %

271,417

21.2 %

224,008

 

Bank Overdraft & LTL

1,534,233

49.5 %

1,025,912

10.9 %

924,662

 

Total Liabilities

9,475,486

147.7 %

3,825,029

6.6 %

3,589,040

 

Net Assets

8,961,430

110.8 %

4,251,476

0.1 %

4,247,027

 

Working Capital

3,968,712

-12.1 %

4,515,893

1.8 %

4,437,079

 

Capitals & Reserves

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Paid up equity

50,000

-

50,000

-

50,000

 

P&L Account Reserve

4,257,826

1.3 %

4,201,476

0.1 %

4,197,027

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

4,653,604

-

-

-

-

 

Shareholder Funds

8,961,430

110.8 %

4,251,476

0.1 %

4,247,027

 

Net Worth

8,961,430

110.8 %

4,251,476

0.1 %

4,247,027

 

Miscellaneous

 

Annual Accounts

01/06-12/06

Change (%)

01/05-12/05

Change (%)

01/04-12/04

 

Net Cashflow From Operations

-

-

-

-

-

 

Net Cashflow Before Financing

-

-

-

-

-

 

Net Cashflow From Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

9,619,947

112.7 %

4,522,893

1.2 %

4,471,035

 

No Of Employees

20

-

20

17.6 %

17

     

Auditors

LEON HAIG & CO

 

AuditQualification

No Adverse Comments

 

Bankers

NATIONAL WESTMINSTER BANK PLC

 

BankBranchCode

60-07-26

 

Ratios

 

Annual Accounts

01/06-12/06

01/05-12/05

01/04-12/04

 

Pre-tax profit margin %

1.0 %

0.1 %

3.6 %

 

Current ratio

1.45

2.27

2.32

 

Sales/Net Working Capital

1.42

1.55

1.96

 

Gearing %

17.1 %

24.1 %

21.8 %

 

Equity in %

48.6 %

52.6 %

54.2 %

 

Creditor Days

43.51

49.25

54.34

 

Debtor Days

61.08

55.78

38.17

 

Liquidity/Acid Test

1.18

1.53

1.72

 

Return On Capital Employed %

0.6 %

0.1 %

7.0 %

 

Return On Total Assets Employed %

0.3 %

0.1 %

4.0 %

 

Current Debt Ratio %

1.0 %

0.8 %

0.8 %

 

Total Debt Ratio %

1.1 %

0.9 %

0.9 %

 

Stock Turnover Ratio %

42.2 %

37.5 %

23.0 %

 

Return on Net Assets Employed %

0.6 %

0.1 %

7.4 %

 

 

Group Structure

 

 

Ultimate Parent Company

AC & TC HOLDINGS LIMITED

 

Companies in Group

11

 

 

 

 

Company Name

Registered Number

Latest Annual Accounts

 

AC & TC HOLDINGS LIMITED

04432268

31/12/2006

 

    ALDGATE WAREHOUSE (WHOLESALE) LIMITED<<<

01232543

31/12/2006

 

        ALDGATE WAREHOUSE INTERNATIONAL INVESTMENT LTD

02630551

31/07/2005

 

    AWL HOTELS (FRANCE) LIMITED

02953997

31/12/2006

 

    SUTHERLAND ROAD PROPERTIES LIMITED

04431764

31/12/2006

 

    KEYBLANK LIMITED

05167232

30/06/2005

 

    PIPPS HILL PROPERTIES LIMITED

05462601

31/12/2006

 

    AC & TC PROPERTIES LIMITED

05803302

31/12/2007

 

    WHITE RHINO CLOTHING LIMITED

05959463

31/12/2007

 

    LE SHARK LIMITED

02556471

31/12/2006

 

    PORTFOLIO FASHION LIMITED

03160236

31/12/2006

 

 

 

 

Status History

 

 

Date

Description

No Status History

 

 

 

 

Event History

 

 

Date

Description

23/10/2008

New Board Member Mr A. Cohen Appointed

28/05/2008

New Accounts Filed

28/05/2008

New Accounts Filed

01/05/2008

Annual Returns

18/02/2008

Annual Returns

15/02/2008

Change In Reg.office

15/02/2008

Change Of Company Postcode

18/10/2007

Change In Reg.office

18/10/2007

Change Of Company Postcode

03/09/2007

New Accounts Filed

28/03/2006

New Accounts Filed

16/11/2005

New Accounts Filed

07/07/2005

Change In Reg.office

07/07/2005

Change Of Company Postcode

09/05/2005

New Accounts Filed

 

 

directors

 

 

Name

Arieh  Cohen

 

 

Address

1 Fairholme Close

 

 

 

Finchley

 

 

London

 

 

N3 3EE

 

Officers Title

Mr

Date Of Birth

15/09/1943

 

Honours

 

Present Appointments

42

 

Appointment Date

31/07/1992

Function

Director

 

 

 

 

 

 

 

 

 

Name

Tobi  Cohen

 

 

Address

208 Willesden Lane

 

 

 

London

 

 

NW6 7PR

 

Officers Title

Mr

Date Of Birth

03/08/1946

 

Honours

 

Present Appointments

47

 

Appointment Date

31/07/1992

Function

Company Secretary

 

 

 

 

 

 

 

 

 

Name

Tobi  Cohen

 

 

Address

208 Willesden Lane

 

 

 

London

 

 

NW6 7PR

 

Officers Title

Mr

Date Of Birth

03/08/1946

 

Honours

 

Present Appointments

47

 

Appointment Date

31/07/1992

Function

Director

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.84

UK Pound

1

Rs.76.81

Euro

1

Rs.64.38

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions