MIRA INFORM REPORT

Report Date :

14.04.2011

IDENTIFICATION DETAILS

Name :	INVICTA COMPONENTS LIMITED
Registered Office :	Butler And Co, Walmar House, 288-292 Regent Street
Financials (as on) :	30.06.2009
Country :	United Kingdom
Date of Incorporation :	30.05.1996
Com. Reg. No.:	03205430
Legal Form :	Private Limited with Share Capital.
Line of Business :	Sale Of Hose Clips.

RATING & COMMENTS

MIRA’s Rating :

Ca

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Unknown
Litigation :	Clear

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – December 31, 2010

Country Name	Previous Rating (30.09.2010)	Current Rating (31.12.2010)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company Summary

Company Name	INVICTA COMPONENTS LIMITED	Company Number	03205430
Registered Address	BUTLER AND CO	Trading Address	Butler And Co Walmar House 288-292 Regent Street London W1H 5HF
	WALMAR HOUSE
	288-292 REGENT STREET
	W1H 5HF
Business Centre Address:	AMC House 17, cumber Land Avenue London, NW 10 7QL, United Kingdom
Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	30/05/1996	Company Status	Financial Statements too old
Previous Name		Type	Private limited with Share Capital
		Filing Date of Accounts	30/03/2010
Date of Change	-	Share Capital	£2
Sic Code	5190	Currency	GBP
Sic Description	OTHER WHOLESALE
Principal Activity	Sale of hose clips.

Accounts Due Date

30/03/2011

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
30/06/2009	£1,152,782	£403,175	£917,278	-
30/06/2008	£951,164	£242,112	£688,003	6
30/06/2007	£1,083,551	£180,429	£581,891	7

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	0

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	2
Satisfied	0

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Aditya Chopra	Date of Birth	20/03/1973
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	30/05/1996
Address	36a Bedford Road,  Moor Park,  Northwood,  HA6 2AZ
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Prashant Chopra	Date of Birth	01/09/1974
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	30/05/1996
Address	36a Bedford Road,  Moor Park,  Northwood,  HA6 2AZ
Other Actions	View Director Report	View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Aditya Chopra	Date of Birth	20/03/1973
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	30/05/1996
Address	36a Bedford Road,  Moor Park,  Northwood,  HA6 2AZ
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Individual Share Value
PRASHANT CHOPRA	1 ORDINARY GBP 1.00
ADITYA CHOPRA	1 ORDINARY GBP 1.00

Profit & Loss

	Date Of Accounts	30/06/09	(%)	30/06/08	(%)	30/06/07	(%)	30/06/06	(%)	30/06/05
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	£1,152,782	21.2%	£951,164	-12.2%	£1,083,551	-29.9%	£1,546,505	15.7%	£1,336,876
	Export	£656,139	52.9%	£429,157	57%	£273,272	-29.9%	£390,029	81.1%	£215,382
	Cost of Sales	£647,024	13%	£572,635	-18.5%	£702,694	-35.1%	£1,083,445	23.3%	£878,880
	Gross Profit	£505,758	33.6%	£378,529	-0.6%	£380,857	-17.8%	£463,060	1.1%	£457,996
	Wages & Salaries	£87,797	8.3%	£81,085	-7.8%	£87,929	4.8%	£83,886	-1.7%	£85,296
	Directors Emoluments	£10,650	26.8%	£8,400	-	£8,400	-0.9%	£8,480	-1.7%	£8,630
	Operating Profit	£401,575	66.1%	£241,777	34.7%	£179,518	-27.1%	£246,126	79.1%	£137,394
	Depreciation	£6,615	-18.3%	£8,098	-31%	£11,731	-7.3%	£12,656	-3.8%	£13,151
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-100%	£1,063	-80.9%	£5,579	210.6%	£1,796
	Pre Tax Profit	£403,175	66.5%	£242,112	34.2%	£180,429	-25.5%	£242,160	73.9%	£139,238
	Taxation	-£91,900	-76.7%	-£52,000	-26.2%	-£41,213	8.7%	-£45,145	-65.7%	-£27,243
	Profit After Tax	£311,275	63.7%	£190,112	36.6%	£139,216	-29.3%	£197,015	75.9%	£111,995
	Dividends Payable	£82,000	-2.4%	£84,000	-	£84,000	-	-	-100%	£82,000
	Retained Profit	£229,275	116.1%	£106,112	92.2%	£55,216	-72%	£197,015	556.8%	£29,995

Balance Sheet

	Date Of Accounts	30/06/09	(%)	30/06/08	(%)	30/06/07	(%)	30/06/06	(%)	30/06/05
	Tangible Assets	£205,842	-3.1%	£212,457	-3.5%	£220,073	-4.8%	£231,120	-3.6%	£239,718
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£205,842	-3.1%	£212,457	-3.5%	£220,073	-4.8%	£231,120	-3.6%	£239,718
	Stock	£227,510	-2.9%	£234,246	-17.3%	£283,326	14.4%	£247,611	72.5%	£143,580
	Trade Debtors	£775,602	24.2%	£624,552	31.7%	£474,221	-12.7%	£543,334	95.8%	£277,454
	Cash	£274,998	623.8%	£37,996	-48.7%	£73,996	-21.5%	£94,281	-23.1%	£122,656
	Other Debtors	£4,145	-85.8%	£29,132	12.9%	£25,799	-71.8%	£91,553	542.8%	£14,243
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£1,282,255	38.5%	£925,926	8%	£857,342	-12.2%	£976,779	75.1%	£557,933
	Trade Creditors	£341,848	7.5%	£317,852	-16.5%	£380,582	-8.4%	£415,534	70.1%	£244,222
	Bank Loans & Overdrafts	0	-	0	-	0	-100%	£133,485	483.1%	£22,891
	Other Short Term Finance	£18,485	-4.6%	£19,372	3.7%	£18,688	-1.8%	£19,023	68.8%	£11,270
	Miscellaneous Current Liabilities	£210,486	86%	£113,156	17.6%	£96,254	-15%	£113,182	55.9%	£72,608
	Total Current Liabilities	£570,819	26.7%	£450,380	-9.1%	£495,524	-27.3%	£681,224	94.1%	£350,991
	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-100%	£133,485	483.1%	£22,891
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	30/06/09	(%)	30/06/08	(%)	30/06/07	(%)	30/06/06	(%)	30/06/05
	Called Up Share Capital	£2	-	£2	-	£2	-	£2	-	£2
	P & L Account Reserve	£837,276	37.7%	£608,001	21.1%	£501,889	12.4%	£446,673	21.8%	£366,658
	Revaluation Reserve	£80,000	-	£80,000	-	£80,000	-	£80,000	-	£80,000
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£917,278	33.3%	£688,003	18.2%	£581,891	10.5%	£526,675	17.9%	£446,660

Other Financial Items

	Date Of Accounts	30/06/09	(%)	30/06/08	(%)	30/06/07	(%)	30/06/06	(%)	30/06/05
	Net Worth	£917,278	33.3%	£688,003	18.2%	£581,891	10.5%	£526,675	17.9%	£446,660
	Working Capital	£711,436	49.6%	£475,546	31.4%	£361,818	22.4%	£295,555	42.8%	£206,942
	Total Assets	£1,488,097	30.7%	£1,138,383	5.7%	£1,077,415	-10.8%	£1,207,899	51.4%	£797,651
	Total Liabilities	£570,819	26.7%	£450,380	-9.1%	£495,524	-27.3%	£681,224	94.1%	£350,991
	Net Assets	£917,278	33.3%	£688,003	18.2%	£581,891	10.5%	£526,675	17.9%	£446,660

Cash Flow

	Date Of Accounts	30/06/09	(%)	30/06/08	(%)	30/06/07	(%)	30/06/06	(%)	30/06/05
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/06/09	(%)	30/06/08	(%)	30/06/07	(%)	30/06/06	(%)	30/06/05
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£917,278	33.3%	£688,003	18.2%	£581,891	10.5%	£526,675	17.9%	£446,660
	Number of Employees	-	-	6	-14.3%	7	-	-	-	5
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/06/09	30/06/08	30/06/07	30/06/06	30/06/05
	Pre-tax profit margin %	34.97	25.45	16.65	15.66	10.42
	Current ratio	2.25	2.06	1.73	1.43	1.59
	Sales/Net Working Capital	1.62	2	2.99	5.23	-
	Gearing %	0	0	0	25.30	5.10
	Equity in %	61.60	60.40	54	43.60	56
	Creditor Days	107.94	121.63	127.85	97.80	66.68
	Debtor Days	244.90	239	159.31	127.88	75.75
	Liquidity/Acid Test	1.84	1.53	1.16	1.07	1.18
	Return On Capital Employed %	43.95	35.19	31.01	45.98	31.17
	Return On Total Assets Employed %	27.09	21.26	16.74	20.04	17.46
	Current Debt Ratio	0.62	0.65	0.85	1.29	0.79
	Total Debt Ratio	0.62	0.65	0.85	1.29	0.79
	Stock Turnover Ratio %	19.73	24.62	26.15	16.01	10.74
	Return on Net Assets Employed %	43.95	35.19	31.01	45.98	31.17

Status History

No Status History found

Event History

Date	Description
17/08/2010	Annual Returns
15/04/2010	New Accounts Filed
12/08/2009	New Accounts Filed
17/07/2009	Annual Returns
18/09/2008	Annual Returns
06/07/2008	New Accounts Filed
29/10/2007	New Accounts Filed
16/08/2006	New Accounts Filed
07/09/2005	New Accounts Filed
12/08/2004	New Accounts Filed
16/06/2004	Annual Returns
12/06/2004	Data Refresh

Previous Company Names

No Previous Names found

Group Structure Summary

Company Name	INVICTA COMPONENTS LIMITED	Company Number	03205430
Holding Company	-	Ownership Status
Ultimate Holding Company	-	Companies in group	-

Group structure

No group structure

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.48
UK Pound	1	Rs.72.37
Euro	1	Rs.64.42

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	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
--	NB	New Business	--

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.