MIRA INFORM REPORT

 

 

Report Date :

16.09.2008

 

 

IDENTIFICATION DETAILS

 

Name :

I POG (UK) LIMITED

 

 

Registered Office :

Unit 3 Hanama Complex,  Britannia Way,  London,  NW10 7PR

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2007

 

 

Date of Incorporation :

27.04.1999

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Wholesale.

 

 

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

 

Status :

Good

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

 

Name of the company

 

I POG (UK) LIMITED

Number            03760212

 

 

company summary

 

Address                       UNIT 3 HANAMA COMPLEX,
BRITANNIA WAY,
LONDON,
NW10 7PR

Phone                           088385586

 Postcode                     NW10 7PR

Type                             Private limited with Share Capital

Company Status            Active - Accounts Filed

Incorporated Date           27/04/1999

 

 

Active CCJ's                  0

Value of CCJ's [£]          £0

Number Of Writs            0

 

Current Directors            5

Total Directorships         20

Trading to Date              30/04/07            30/04/06            30/04/05

Turnover                        -                       -                       -

Shareholder Funds         £275,866           £355,116           £347,151

Employees                    -                       -                       -

 

 

Trends

 Profitability

Liquidity

Shareholders Funds

 

 

 

company information

 

 

Registered Address

Trading Address

 

Telephone Number

02088385586

Telephone Number

020 88385586

 

TPS

N

TPS

 

 

Address

Address

 

UNIT 3 HANAMA COMPLEX
BRITANNIA WAY
LONDON
NW10 7PR

Unit 3 Hanama Complex
Britannia Way
NW10 7PR

 

 

 

 

 

 

 

 

Web Address

 

Incorporation Date

27/04/1999

 

Type of Accounts

Total Exemption Small

Filing Date of Accounts

19/04/2008

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

30/04/2007

 

Annual Return

27/04/2008

 

 

 

 

 

 

Industry:

 

Wholesale.

 

 

 

 

 

 

 

 

 

 

 

 

SIC Code

Description

 

5190

Other Wholesale

 

 

 

 

 

 

 

Mortgage Charges

 

Outstanding

0

Satisfied

0

 

 

 

 

 

 

 

Shareholders

 

Share Capital

340000

Currency

Gbp

 

 

 

 

 

 

 

 

Secondary Industry Code Details

 

 

 

 

SIC Code

Description

 

5190

Other Wholesale

 

 

Mortgage Details

 

 

Shareholders Details

 

 

 

Name

Shares

 

Bhavna Mehra

102,000 Ordinary Gbp 1.00

 

Manish Vora

102,000 Ordinary Gbp 1.00

 

Sanjeev Kapoor

68,000 Ordinary Gbp 1.00

 

Trimax Trading International Ltd

68,000 Ordinary Gbp 1.00

 

 

Trading Address Details

 

Address                                                                                     Telephone Number          TCPS

 CORONATION RD LONDON NW10 7PR                                     02088385586                 N

 CORONATION RD LONDON NW10 7PR                                     02088385586                 N

 Unit 3 Hanama Complex Britannia Way NW10 7PR

 

                                                                                                  

accounts

 

Profit & Loss

 

 

Annual Accounts

05/06-04/07

Change (%)

05/05-04/06

Change (%)

05/04-04/05

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

-

-

-

-

-

 

Wages & Salaries

-

-

-

-

-

 

Directors Emoluments

-

-

-

-

-

 

Operating Profits

-

-

-

-

-

 

Depreciation

2,114

-63.1 %

5,730

-

-

 

Audit Fees

-

-

-

-

-

 

Interest Payments

-

-

-

-

-

 

Pre Tax Profit

-

-

-

-

-

 

Taxation

-

-

-

-

-

 

Profit After Tax

-

-

-

-

-

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-

-

-

-

-

 

 

 

 

 

 

Balance Sheet

 

 

Annual Accounts

05/06-04/07

Change (%)

05/05-04/06

Change (%)

05/04-04/05

 

Tangible Assets

3,200

-39.8 %

5,314

-51.9 %

11,044

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

3,200

-39.8 %

5,314

-51.9 %

11,044

 

Total Current Assets

327,727

-26.4 %

445,212

-0.8 %

449,012

 

Trade Debtors

187,357

-

-

-

-

 

Stock

62,241

-57.0 %

144,884

-3.8 %

150,536

 

Cash

78,129

-33.4 %

117,367

57.5 %

74,527

 

Other Current Assets

-

-100.0 %

182,961

-18.3 %

223,949

 

Increase In Cash

-39,238

-191.6 %

42,840

-7.7 %

46,414

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

330,927

-26.5 %

450,526

-2.1 %

460,056

 

Total Current Liabilities

55,061

-42.3 %

95,410

-15.5 %

112,905

 

Trade Creditors

55,061

-

-

-

-

 

Bank Overdraft

-

-

-

-

-

 

Other Short Term Fin

-

-

-

-

-

 

Miscellaneous Current Liabilities

-

-100.0 %

95,410

-15.5 %

112,905

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

-

-

-

-

-

 

Bank Overdraft & LTL

-

-

-

-

-

 

Total Liabilities

55,061

-42.3 %

95,410

-15.5 %

112,905

 

Net Assets

275,866

-22.3 %

355,116

2.3 %

347,151

 

Working Capital

272,666

-22.1 %

349,802

4.1 %

336,107

 

 

Capitals & Reserves

 

 

Annual Accounts

05/06-04/07

Change (%)

05/05-04/06

Change (%)

05/04-04/05

 

Paid up equity

340,000

-

340,000

-

340,000

 

P&L Account Reserve

-64,134

-524.3 %

15,116

111.4 %

7,151

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

275,866

-22.3 %

355,116

2.3 %

347,151

 

Net Worth

275,866

-22.3 %

355,116

2.3 %

347,151

 

Miscellaneous

 

 

Annual Accounts

05/06-04/07

Change (%)

05/05-04/06

Change (%)

05/04-04/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

275,866

-22.3 %

355,116

2.3 %

347,151

 

 

No of Employees

 

-

-

-

-

-

     

Auditors

 

 

AuditQualification

No Adverse Comments

 

Bankers

HSBC BANK PLC

 

BankBranchCode

 

 

 

Ratios

 

Annual Accounts

05/06-04/07

05/05-04/06

05/04-04/05

 

Pre-tax profit margin %

-

-

-

 

Current ratio

5.95

4.67

3.98

 

Sales/Net Working Capital

-

0.00

0.00

 

Gearing %

0.0 %

0.0 %

0.0 %

 

Equity in %

83.4 %

78.8 %

75.5 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

4.82

3.15

2.64

 

Return On Capital Employed %

-

0.0 %

0.0 %

 

Return On Total Assets Employed %

-

0.0 %

0.0 %

 

Current Debt Ratio %

0.2 %

0.3 %

0.3 %

 

Total Debt Ratio %

0.2 %

0.3 %

0.3 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

-

0.0 %

0.0 %

 

 

 Credit Limit Explanation                                                                                                            

The Recommended Credit Limit is calculated using a formula that analyses information from a company's financial accounts and payment record.
The advised amount can be defined as the maximum amount that could be advanced in any one calendar month, assuming standard payment terms of 30 days beyond the month of invoice. Therefore the same maximum amount could be advanced in the next calendar month.

 

 

Date                                                                     Description

28/04/2008                                                            Very Good Credit Worthiness

23/04/2008                                                            Financial Statements too old

28/03/2005                                                            Very Good Credit Worthiness

17/06/2004                                                            Very Good Credit Worthiness

27/06/2003                                                            Good Credit Worthiness

 

 

CCJ'S

Active CCJ's                                                   0

Value of CCJ's [£]                                           £0

Number Of Writs                                             0

 

 

group structure

 

No group structure for this company.

 

 

 

Status History

 

 

Date                                                     Description

No Status History

 

 

Event History

 

 

Date                                                     Description

07/05/2008                                            Annual Returns

28/04/2008                                            New Accounts Filed

28/11/2006                                            New Accounts Filed

07/12/2005                                            New Accounts Filed

28/03/2005                                            Data Refresh

06/09/2004                                            New Accounts Filed

17/06/2004                                            Data Refresh

01/06/2004                                            Annual Returns

13/01/2004                                            New Account

 

directors

 

 

Name

Sanjeev Raj Kapoor

 

 

Address

Flat 31

 

 

 

3-5 Ikoyi Crescent Ikoyi

 

 

Lagos

 

 

Nigeria

 

Officers Title

Mr

Date Of Birth

21/12/1955

 

Honours

 

Present Appointments

7

 

Appointment Date

11/05/2001

Function

Director

 

 

 

 

 

 

 

 

 

Name

Brijmohan  Mehra

 

 

Address

293 Church Lane

 

 

 

Kingsbury

 

 

London

 

 

NW9 8JE

 

Officers Title

 

Date Of Birth

27/08/1959

 

Honours

 

Present Appointments

2

 

Appointment Date

11/05/2001

Function

Director

 

 

 

 

 

 

 

 

 

Name

Dilip Kantilal Shah

 

 

Address

19 Astons Road

 

 

 

Moor Park

 

 

Northwood

 

 

Middlesex

 

 

HA6 2LD

 

Officers Title

Mr

Date Of Birth

29/03/1949

 

Honours

 

Present Appointments

8

 

Appointment Date

27/04/1999

Function

Company Secretary

 

 

 

 

 

 

Name

Dilip Kantilal Shah

 

 

Address

19 Astons Road

 

 

 

Moor Park

 

 

Northwood

 

 

Middlesex

 

 

HA6 2LD

 

Officers Title

Mr

Date Of Birth

29/03/1949

 

Honours

 

Present Appointments

8

 

Appointment Date

27/04/1999

Function

Director

 

 

 

 

 

 

 

 

 

Name

Mina Dilip Shah

 

 

Address

19 Astons Road

 

 

 

Moor Park

 

 

Northwood

 

 

Middlesex

 

 

HA6 2LD

 

Officers Title

Mrs

Date Of Birth

04/11/1951

 

Honours

 

Present Appointments

3

 

Appointment Date

16/07/1999

Function

Company Secretary

 

 

 

 

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.46.63

UK Pound

1

Rs.83.76

Euro

1

Rs.66.49

 

 

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