MIRA INFORM REPORT

 

 

Report Date :

08.10.2008

 

IDENTIFICATION DETAILS

 

Name :

EURO PHARMA (UK) LIMITED

 

 

Registered Office :

336 Prestwick Road, Watford, Hertfordshire WD19 6UR

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.10.2007

 

 

Date of Incorporation :

16.10.2003

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Wholesale Distribution of Pharmaceutical Products

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

[£]  9,000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

Name of the company

 

EURO PHARMA (UK) LIMITED

Number                        04934199

 

 

company summary

 

 

Phone

 

Type

Private limited with Share Capital

 

 

Address

336 PRESTWICK ROAD,
WATFORD,
HERTFORDSHIRE WD19 6UR

Company Status

Active - Accounts Filed

 

 

Postcode

WD19 6UR

Incorporated Date

16/10/2003

 

 

Todays Limit [£]                                                      9,000                                                                        

 

 

Active CCJ's

0

 

 

 

Value of CCJ's [£]

£0

 

 

 

Number Of Writs

0

 

 

 

 

Current Directors

2

 

 

Total Directorships

7

 

 

 

Trading to Date

31/10/07

31/10/06

31/10/05

 

Turnover

£1,340,567

£1,959,820

£1,166,414

 

Shareholder Funds

£65,186

£44,345

£2,119

 

Employees

-

-

-

 

 

Trends

 

 

 

Profitability

 

 

Liquidity

 

 

Shareholders Funds

 

 

 

company information

 

 

Registered Address

Trading Address

 

Telephone Number

 

Telephone Number

 

 

TPS

 

TPS

 

 

Address

Address

 

336 PRESTWICK ROAD
WATFORD
HERTFORDSHIRE WD19 6UR

336 Prestwick Road
Watford
WD19 6UR

 

 

 

 

 

 

 

Web Address

 

Incorporation Date

16/10/2003

 

Type of Accounts

Total Exemption Full

Filing Date of Accounts

29/08/2008

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

31/10/2007

 

Annual Return

16/10/2007

 

 

 

 

Industry:

 

Wholesale Distribution Of Pharmaceutical Products.

 

 

 

 

 

SIC Code

Description

 

5146

Wholesale Of Pharmaceutical Goods

 

 

Mortgage Charges

 

Outstanding

0

Satisfied

0

 

 

 

 

 

Shareholders

 

Share Capital

1000

Currency

Gbp

 

 

 

 

 

 

Secondary Industry Code Details

 

 

SIC Code

Description

 

5146

Wholesale Of Pharmaceutical Goods

 

5156

Wholesale Of Other Intermediate Products

 

6523

Other Financial Intermediation (not Elsewhere Classified)

 

7487

Other Business Activities

 

 

Shareholders Details

 

 

Name

Shares

 

Gunvant Changela

1,000 Ordinary Gbp 1.00

Trading Address Details

 

 

 

 

Trading Address Details                          

 

 

Address

Telephone Number

TCPS

 

336 Prestwick Road Watford WD19 6UR

 

 

 

 

 

 

 

 

 

 

 

 

     accounts

 

            PROFIT & LOSS

 

 

Annual Accounts

11/06-10/07

Change (%)

11/05-10/06

Change (%)

11/04-10/05

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

1,340,567

-31.6 %

1,959,820

68.0 %

1,166,414

 

Export

-

-

-

-

-

 

Cost of Sales

1,267,662

-32.6 %

1,881,274

64.8 %

1,141,525

 

Gross Profit

72,905

-7.2 %

78,546

215.6 %

24,889

 

Wages & Salaries

-

-

-

-100.0 %

4,000

 

Directors Emoluments

14,795

25.2 %

11,816

90.1 %

6,215

 

Operating Profits

27,742

-47.6 %

52,948

807.6 %

5,834

 

Depreciation

-

-

49

-

-

 

Audit Fees

-

-

-

-100.0 %

1,000

 

Interest Payments

1,712

106.5 %

829

72.0 %

482

 

Pre Tax Profit

26,030

-50.1 %

52,119

873.8 %

5,352

 

Taxation

-5,189

47.5 %

-9,893

-3,661.6 %

-263

 

Profit After Tax

20,841

-50.6 %

42,226

729.8 %

5,089

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

20,841

-50.6 %

42,226

729.8 %

5,089

 

BALANCE SHEET

 

 

Annual Accounts

11/06-10/07

Change (%)

11/05-10/06

Change (%)

11/04-10/05

 

Tangible Assets

764

289.8 %

196

-

-

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

764

289.8 %

196

-

-

 

Total Current Assets

249,440

-75.8 %

1,030,115

999.9%

11,411

 

Trade Debtors

237,934

-76.7 %

1,022,702

999.9%

4,510

 

Stock

-

-

-

-

-

 

Cash

11,506

55.2 %

7,413

7.4 %

6,901

 

Other Current Assets

-

-

-

-

-

 

Increase In Cash

4,093

699.4 %

512

-92.3 %

6,688

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

250,204

-75.7 %

1,030,311

999.9%

11,411

 

Total Current Liabilities

185,018

-81.2 %

985,966

999.9%

2,481

 

Trade Creditors

168,680

-82.7 %

974,486

-

-

 

Bank Overdraft

-

-

-

-

-

 

Other Short Term Fin

-

-

-

-

-

 

Miscellaneous Current Liabilities

16,338

42.3 %

11,480

362.7 %

2,481

 

Other Long Term Fin

-

-

-

-100.0 %

6,811

 

Total Long Term Liabilities

-

-

-

-100.0 %

6,811

 

Bank Overdraft & LTL

-

-

-

-100.0 %

6,811

 

Total Liabilities

185,018

-81.2 %

985,966

999.9%

9,292

 

Net Assets

65,186

47.0 %

44,345

999.9%

2,119

 

Working Capital

64,422

45.9 %

44,149

394.4 %

8,930

 

CAPITALS & RESERVES

 

 

Annual Accounts

11/06-10/07

Change (%)

11/05-10/06

Change (%)

11/04-10/05

 

Paid up equity

1,000

-

1,000

-

1,000

 

P&L Account Reserve

64,186

48.1 %

43,345

999.9%

1,119

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

65,186

47.0 %

44,345

999.9%

2,119

 

Net Worth

65,186

47.0 %

44,345

999.9%

2,119

 

MISCELLANEOUS

 

 

Annual Accounts

11/06-10/07

Change (%)

11/05-10/06

Change (%)

11/04-10/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

65,186

47.0 %

44,345

396.6 %

8,930

 

No of Employees

-

-

-

-

-

     

Auditors

 

 

AuditQualification

No Adverse Comments

 

Bankers

 

 

BankBranchCode

 

 

RATIOS

 

 

Annual Accounts

11/06-10/07

11/05-10/06

11/04-10/05

 

Pre-tax profit margin %

1.9 %

2.7 %

0.5 %

 

Current ratio

1.35

1.04

4.60

 

Sales/Net Working Capital

20.81

44.39

130.62

 

Gearing %

0.0 %

0.0 %

321.4 %

 

Equity in %

26.1 %

4.3 %

18.6 %

 

Creditor Days

45.80

180.99

0.00

 

Debtor Days

64.61

189.95

1.41

 

Liquidity/Acid Test

1.35

1.04

4.60

 

Return On Capital Employed %

39.9 %

117.5 %

59.9 %

 

Return On Total Assets Employed %

10.4 %

5.1 %

46.9 %

 

Current Debt Ratio %

2.8 %

22.2 %

1.2 %

 

Total Debt Ratio %

2.8 %

22.2 %

4.4 %

 

Stock Turnover Ratio %

-

-

0.0 %

 

Return on Net Assets Employed %

39.9 %

117.5 %

252.6 %

 

 

group structure

 

No group structure for this company.

 

 

Status History

 

 

Date

Description

No Status History

 

 

Event History

 

Date

Description

08/09/2008

New Accounts Filed

29/02/2008

Annual Returns

22/02/2008

Annual Returns

16/07/2007

New Accounts Filed

08/08/2006

New Accounts Filed

21/09/2005

New Accounts Filed

20/09/2005

Change In Reg.office

20/09/2005

Change Of Company Postcode

09/04/2004

Gunvant Changela Has Left The Board

09/04/2004

Gopal Ravishankar Has Left The Board

25/03/2004

New Board Member

23/03/2004

New Board Member

 

 

directors

 

 

Name

Shamim  Rajan

 

 

Address

Flat 2

 

 

 

13 Byng Street

 

 

London

 

 

E14 8GH

 

Officers Title

 

Date Of Birth

18/01/1954

 

Honours

 

Present Appointments

3

 

Appointment Date

01/03/2004

Function

Company Secretary

 

 

 

 

 

 

 

Name

Gunvant  Changela

 

 

Address

336 Prestwick Road

 

 

 

Watford

 

 

Hertfordshire

 

 

WD19 6UR

 

Officers Title

Mr

Date Of Birth

14/04/1950

 

Honours

 

Present Appointments

4

 

Appointment Date

16/10/2003

Function

Director

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.72

UK Pound

1

Rs.82.17

Euro

1

Rs.65.90

 

 

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%)

 

 

 

 

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