MIRA
INFORM REPORT
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Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
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Name : |
QUINTRACK LTD. |
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Registered Office : |
Wembley Point, 2Nd Floor 1 Harrow Road Wembley, HA9 6DE |
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
17.09.1991 |
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Com. Reg. No.: |
02646213 |
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Legal Form : |
Private Independent |
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Line of Business : |
Wholesale of clothing and footwear |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
Quintrack Ltd.
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Business Description |
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Wholesale of clothing and footwear. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
371 - Textile, Clothing and Footwear
Wholesaling |
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NACE 2002: |
5142 - Wholesale of clothing and footwear |
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NAICS 2002: |
4243 - Apparel, Piece Goods, and Notions
Merchant Wholesalers |
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UK SIC 2003: |
5142 - Wholesale of clothing and footwear |
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US SIC 1987: |
513 - Apparel, Piece Goods, and Notions |
Key
Executives
Name Title
Geeta Modha Secretary
Modha Dilip Director
Financial Summary
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1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6415077
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6192526
Corporate Overview
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Executives Report
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DIRECTORS AND SHAREHOLDERS REPORT
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Annual Return Date: 05 Sep 2010 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
09 Jul 1958 |
22 Sevenoaks Avenue, |
17 Sep 1991 |
NA |
Current:1 |
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Previous |
NA |
42 Longhurst Close, Rushey Mead, |
NA |
26 Feb 1992 |
Current:1 |
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Previous |
14 Oct 1956 |
186 Sileby Road, Barrow On Soar, |
NA |
26 Feb 1992 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
19 Apr 1963 |
22 Sevenoaks Avenue, |
26 Feb 1992 |
NA |
Current:1 |
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Previous |
14 Oct 1956 |
186 Sileby Road, Barrow On Soar, |
NA |
26 Feb 1992 |
Current:0 |
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Corporate Secretaries
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There are no corporate secretaries for this company. |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Geeta Modha |
85 Ordinary GBP 1.00 |
Ordinary |
85 |
1.00 |
85.00 |
100.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
0.550122 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
0.582496 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Tangible Fixed Assets |
2.8 |
0.6 |
0.8 |
0.8 |
0.7 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
2.8 |
0.6 |
0.8 |
0.8 |
0.7 |
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Total Stocks Work In Progress |
0.2 |
0.1 |
0.2 |
0.2 |
0.3 |
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Total Debtors |
0.1 |
0.1 |
0.0 |
0.0 |
0.0 |
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Cash and Equivalents |
0.1 |
0.0 |
0.1 |
0.0 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
0.4 |
0.2 |
0.3 |
0.2 |
0.3 |
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Total Assets |
3.2 |
0.8 |
1.1 |
1.0 |
1.0 |
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Other Current Liabilities |
1.4 |
0.4 |
0.5 |
0.4 |
0.4 |
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Total Current Liabilities |
1.4 |
0.4 |
0.5 |
0.4 |
0.4 |
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Group Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Director Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Hire Purchase (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Leasing (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Total Hire Purchase Loans (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Other Long Term Loans |
- |
0.0 |
0.0 |
0.0 |
- |
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Accruals/Deferred Income (Long Term Liability) |
- |
0.0 |
0.0 |
0.0 |
- |
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Other Long Term Liabilities |
1.4 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Long Term Liabilities |
1.4 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Revaluation Reserve |
0.3 |
0.3 |
0.4 |
0.4 |
0.4 |
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Retained Earnings |
0.1 |
0.1 |
0.2 |
0.2 |
0.2 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
0.4 |
0.4 |
0.6 |
0.6 |
0.6 |
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Net Worth |
0.4 |
0.4 |
0.6 |
0.6 |
0.6 |
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Annual Cash
Flows |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.641508 |
0.545576 |
0.499878 |
0.543438 |
0.550122 |
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Consolidated |
No |
No |
No |
No |
No |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
31-Dec-2005 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.619253 |
0.695531 |
0.502361 |
0.510947 |
0.582496 |
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Consolidated |
No |
No |
No |
No |
No |
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Current Ratio |
0.31 |
0.54 |
0.65 |
0.45 |
0.69 |
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Liquidity Ratio |
0.18 |
0.17 |
0.19 |
0.06 |
0.03 |
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Equity Gearing |
12.25% |
49.76% |
53.68% |
58.03% |
56.77% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.51 |
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Euro |
1 |
Rs.64.76 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.