MIRA INFORM REPORT

 

 

Report Date :           

10.08.2011

 

IDENTIFICATION DETAILS

 

Name :

PROXIMA HEALTH LTD.

 

 

Registered Office :

145-157 St. John Street, London , EC1V 4PY

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

24.06.2005

 

 

Com. Reg. No.:

05490942

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Other Business Activities

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – 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

 

Company name & address   Bottom of Form

 

 

Proxima Health Ltd.

145-157 St. John Street

London , EC1V 4PY

United Kingdom

 

 

Synthesis     

 

Employees:                  NA

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         24-Jun-2005

Auditor:                        Bhanot & Co     

Financials in:                 USD (Millions)

Fiscal Year End:            30-Jun-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               0.1

Net Income:                  0.0

Total Assets:                0.0

 

Business Description     

Other Business Activities

 

Industry

Industry            Business Services

ANZSIC 2006:    6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified

NACE 2002:      7487 - Other business activities not elsewhere classified

NAICS 2002:     5619 - Other Support Services

UK SIC 2003:    7487 - Other business activities not elsewhere classified

US SIC 1987:    7389 - Business Services, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Subhro Sarkar

Business

Hakima Errahimi

Engineer, State Employee

 

 

Financial Summary    

 

 

FYE: 30-Jun-2010

USD (mil)

Key Figures

 

Current Assets

0.0042

Fixed Assets

0.0022

Total Liabilities

0.0038

Net Worth

0.0027

 

Key Ratios

 

Current Ratio

1.12

 

 

Registered No.(UK): 05490942

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6336074

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6684045

 

 

Corporate Overview

 

Location

145-157 St. John Street

London , EC1V 4PY

London County

United Kingdom

 

Sales GBP(mil):             0.1

Assets GBP(mil):           0.0

Employees:                   NA

Fiscal Year End:            30-Jun-2010

Industry:                        Business Services

Incorporation Date:         24-Jun-2005

Company Type:             Private Independent

Quoted Status:              Not Quoted

Previous Name:             Mediterranean Trading (Uk) Ltd

Registered No.(UK):       05490942

Engineer, State

Employee:                     Hakima Errahimi

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

6999     -          Other Professional, Scientific and Technical Services Not Elsewhere Classified

 

NACE 2002 Codes:

7487     -          Other business activities not elsewhere classified

 

NAICS 2002 Codes:

5619     -          Other Support Services

 

US SIC 1987:

7389     -          Business Services, Not Elsewhere Classified

 

UK SIC 2003:

7487     -          Other business activities not elsewhere classified

 

Business Description

Other Business Activities

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

0.1

Net Income:

0.0

Assets:

0.0

Current Assets:

0.0

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

0.0

 

Issued Capital:

0.0

 

Working Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

30-Jun-2010

 

1 Year Growth

-50.0%

NA

46.6%

 

Key Corporate Relationships

Auditor:

Bhanot & Co

 

Auditor:

Bhanot & Co

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

06-30-2010

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Hakima Errahimi

 

Engineer, State Employee

Director/Board Member

 

Subhro Sarkar

 

Business

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Subhro Sarkar

 

Business

Company Secretary

 

Hakima Errahimi

 

Engineer, State Employee

Engineering/Technical Executive

 

 


Directors and Shareholders Report

 

Main Office Address:
145-157 St. John Street
London 
United Kingdom EC1V 4PY

 

Annual Return Date: 24 Jun 2010
Total Issued Capital (GBP 000): 1

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Hakima 
Errahimi

Current

19 Dec 1969

18 Rue Jabel Tazekka, Appartement 6 Agdal, 
Rabat, Rabat -Sale

06 Feb 2006

NA

Current:1
Previous:0
Disqualifications:0

 

Subhro 
Sarkar

Current

19 Dec 1973

18 Rue Jbel Tazekka, Apartment 6 Agdal, 
Rabat, Rabat-Sale

06 Feb 2006

NA

Current:2
Previous:0
Disqualifications:0

 

Mohamed 
Errahimi

Previous

22 May 1963

2/4 Place Oberursel, Epinay Sur Seine, 
Paris

24 Jun 2005

06 Feb 2006

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Subhro 
Sarkar

Current

19 Dec 1973

18 Rue Jbel Tazekka, Apartment 6 Agdal, 
Rabat, Rabat-Sale

24 Jun 2005

NA

Current:2
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Hakima Errahimi

500 Ordinary GBP 1.00

Ordinary

500

1.00

500.00

50.00

Subhro Sarkar

500 Ordinary GBP 1.00

Ordinary

500

1.00

500.00

50.00

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

Annual Profit & Loss

 

Financials in: USD (mil)          

Except for share items (millions) and per share items (actual units)   

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

30-Jun-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.633607

0.627423

0.499214

0.517836

0.562718

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Turnover

0.1

0.3

-

0.2

-

Cost of Sales

0.1

0.3

-

0.2

-

Gross Profit

0.1

0.0

-

0.0

-

Depreciation

0.0

0.0

-

-

-

Operating Profit

0.0

0.0

-

-

-

Profit Before Taxes

0.0

0.0

-

0.0

-

Profit After Taxes

0.0

0.0

-

0.0

-

Audit Fees

0.0

0.0

0.0

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

30-Jun-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.668405

0.60722

0.502475

0.498418

0.540672

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.0

0.0

0.0

-

-

Total Fixed Assets

0.0

0.0

0.0

-

-

Cash and Equivalents

0.0

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

0.0

0.0

0.0

0.0

0.0

Total Assets

0.0

0.0

0.0

0.0

0.0

Trade Creditors

-

-

0.0

-

-

Bank Overdraft

0.0

0.0

0.0

0.0

0.0

Bank Loan Overdrafts

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

0.0

0.0

0.0

0.0

0.0

Working Capital

0.0

0.0

0.0

0.0

0.0

Total Long Term Loans

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Liabilities

0.0

0.0

-

0.0

-

Issued Capital

0.0

-

-

-

-

Retained Earnings

0.0

0.0

0.0

0.0

-

Total Reserve

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

0.0

0.0

0.0

0.0

0.0

Net Worth

0.0

0.0

0.0

0.0

0.0

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

30-Jun-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.633607

0.627423

0.499214

0.517836

0.562718

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Retained Profits

0.0

0.0

-

-

-

Net Cash Flow From Operating Activities

0.0

0.0

-

-

-

Net Cash Flow from ROI and Servicing of Finance

0.0

0.0

-

-

-

Taxation

0.0

0.0

-

0.0

-

Paid Up Equity

0.0

0.0

0.0

0.0

0.0

Net Cash Flow Before Financing

0.0

0.0

-

-

-

Net Cash Flow From Financing

0.0

0.0

-

-

-

Increase in Cash

0.0

0.0

-

-

-

Contingent Liability

0.0

0.0

-

-

-

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

30-Jun-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

-

GBP

-

Exchange Rate

0.668405

0.60722

-

0.498418

-

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.12

0.32

0.59

1.52

-

Insolvency Ratio

-

-0.92

-

0.44

-

Solvency Ratio

41.84%

-118.87%

31.66%

34.30%

100.00%

Return on Capital Employed

520.86%

108.38%

-

-225.73%

-

Return on Assets

217.92%

-128.84%

-

-77.43%

-

Current Debt Ratio

1.39

-1.84

2.16

1.92

-

Return On Short Term Debt

374.68%

-58.87%

-

-117.86%

-

Long Term Debt Ratio

0.00

0.00

0.00

0.00

-

Total Debt Ratio

1.39

-1.84

2.16

1.92

-

Debt Asset Ratio

58.16%

218.87%

68.34%

65.70%

-

Pretax Margin

10.20%

-4.28%

-

-0.70%

-

Return on Shareholders Funds

520.86%

108.38%

-

-225.73%

-

Sales to Fixed Assets

6,147.10%

9,842.00%

-

-

-

Sales to Total Assets

2,136.33%

3,012.01%

-

11,048.83%

-

Fixed Asset Investment

0.35

0.31

0.60

-

-

Asset Turnover Ratio

51.06

-25.34

-

322.11

-

Post Tax Result to Net Worth

503.27%

108.38%

-

-225.73%

-

Post Tax Result to Total Assets

210.56%

-128.84%

-

-77.43%

-

Post Tax Loss to Net Worth

5.03

1.08

-

-2.26

-

Monthly Turnover

0.0

0.0

-

0.0

-

Financial Strength Ratio

1.12

0.32

0.59

1.52

0.00

Reserve Movement

-109.74%

2,030.33%

-43.87%

-

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.17

UK Pound

1

Rs.73.72

Euro

1

Rs.64.26

 

 

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%)

 

 

 

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