MIRA INFORM REPORT

 

 

Report Date :           

04.08.2011

 

IDENTIFICATION DETAILS

 

Name :

RAJAVEER (U.K.) LIMITED

 

 

Registered Office :

90 Walworth Road, London,  Se1 6sw

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

29.12.1978

 

 

Com. Reg. No.:

01407213

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale of other household goods.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

£25,000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company  summary

 

Company Name

RAJAVEER (U.K.) LIMITED

Company Number

01407213

Registered Address

90 WALWOTH ROAD

Trading Address

Lower Ground Floor
87b Hatton Garden
London
EC1N 8QQ

 

LONDON

 

 

SE1 6SW

 

 

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

29/12/1978

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

09/06/2011

Date of Change

-

Share Capital

£20,000

Sic Code

5190

Currency

GBP

Sic Description

OTHER WHOLESALE

Principal Activity

Wholesale of other household goods.

Accounts Due Date 30/09/2012

Credit Limit

 

Limit

£25,000

Previous Limit

£10,000

Contract Limit

£50,000

 

 

 

Commentary

 

No exact match CCJs are recorded against the company.

There has been no significant change in the company's credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth increased by 14.9%.

A 19% growth in Total Assets occurred in the previous 12 month trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an increase in their Cash Balance of 43% in the previous 12 month trading period.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is not part of a group.

The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.

The company was established over 32 years ago.

 

 

Last 3 Years Credit Limit

 

Date

Limit

31/12/2010

£25,000

31/12/2009

£7,500

31/12/2008

£75,000

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2010

-

-

£704,563

-

31/12/2009

-

-

£613,134

-

31/12/2008

-

-

£524,138

-

 

 

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

1

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

1

 

 

Current Directors

 

Name

Dipak Gangaramani

Date of Birth

09/03/1953

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

30/07/1991

 

 

Address

11 Pickett Croft,  ,  Stanmore,  HA7 1HY

 

 

 

Current Company Secretary

 

Top 20 Shareholders

Name

Individual Share Value

DIPAK GANGARAMANI

20,000 ORDINARY GBP 1.00

 

Profit & Loss

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£2,070

-

-

-

£2,421

-22.7%

£3,130

-16%

£3,727

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Tangible Assets

£452,784

0.6%

£450,077

476.4%

£78,087

-3%

£80,508

-2.9%

£82,898

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£452,784

0.6%

£450,077

476.4%

£78,087

-3%

£80,508

-2.9%

£82,898

Stock

£394,134

23.3%

£319,642

-40.5%

£537,299

10.8%

£484,989

-13%

£557,707

Trade Debtors

£333,925

49.6%

£223,270

-39.2%

£367,092

-11%

£412,660

-14.8%

£484,204

Cash

£8,159

43%

£5,704

-34.6%

£8,719

92.8%

£4,523

-26.1%

£6,121

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

£2,566

-

£2,566

10%

£2,333

20.1%

£1,942

-5.5%

£2,055

Total Current Assets

£738,784

34%

£551,182

-39.8%

£915,443

1.3%

£904,114

-13.9%

£1,050,087

Trade Creditors

£487,005

25.5%

£388,125

-16.5%

£464,659

-8.8%

£509,554

-26.9%

£696,753

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£487,005

25.5%

£388,125

-16.5%

£464,659

-8.8%

£509,554

-26.9%

£696,753

Bank Loans & Overdrafts and LTL

0

-

0

-100%

£4,733

-53.4%

£10,158

-32.6%

£15,072

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-100%

£4,733

-53.4%

£10,158

-32.6%

£15,072

 

 

Capital & Reserves

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Called Up Share Capital

£20,000

-

£20,000

-

£20,000

-

£20,000

-

£20,000

P & L Account Reserve

£684,563

15.4%

£593,134

17.7%

£504,138

13.3%

£444,910

10.9%

£401,160

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£704,563

14.9%

£613,134

17%

£524,138

12.7%

£464,910

10.4%

£421,160

 

 

Other Financial Items

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Worth

£704,563

14.9%

£613,134

17%

£524,138

12.7%

£464,910

10.4%

£421,160

Working Capital

£251,779

54.4%

£163,057

-63.8%

£450,784

14.2%

£394,560

11.7%

£353,334

Total Assets

£1,191,568

19%

£1,001,259

0.8%

£993,530

0.9%

£984,622

-13.1%

£1,132,985

Total Liabilities

£487,005

25.5%

£388,125

-17.3%

£469,392

-9.7%

£519,712

-27%

£711,825

Net Assets

£704,563

14.9%

£613,134

17%

£524,138

12.7%

£464,910

10.4%

£421,160

 

 

Cash Flow

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£704,563

14.9%

£613,134

15.9%

£528,871

11.3%

£475,068

8.9%

£436,232

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

NATIONAL WESTMINSTER BANK PLC

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/12/10

31/12/09

31/12/08

31/12/07

31/12/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.52

1.42

1.97

1.77

1.51

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0.90

2.20

3.60

Equity in %

59.10

61.20

52.80

47.20

37.20

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.70

0.59

0.81

0.82

0.71

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.69

0.63

0.88

1.09

1.65

Total Debt Ratio

0.69

0.63

0.89

1.11

1.69

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

Status History

 

No Status History found



Event History

 

Date

Description

18/06/2011

New Accounts Filed

11/08/2010

Annual Returns

24/06/2010

New Accounts Filed

16/06/2010

Mr G. Kripalani has resigned as company secretary

04/08/2009

Annual Returns

21/04/2009

New Accounts Filed

17/08/2008

Annual Returns

15/08/2008

Annual Returns

31/07/2008

New Accounts Filed

27/08/2007

Annual Returns

03/08/2007

New Accounts Filed

05/07/2006

New Accounts Filed

28/07/2005

New Accounts Filed

10/02/2005

Amended A/cs filed

19/08/2004

Annual Returns

 

 

Limit History

 

Date

Limit

24/06/2010

£25,000

09/04/2010

£10,000

03/08/2009

£7,500

21/04/2009

£8,000

20/02/2009

£5,000

05/07/2006

£75,000

28/07/2005

£37,500

 

 

Previous Company Names

 

No Previous Names found

 

 

Group Structure Summary

 

Company Name

RAJAVEER (U.K.) LIMITED

Company Number

01407213

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.44.38

UK Pound

1

Rs.72.21

Euro

1

Rs.62.87

 

 

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.