MIRA INFORM REPORT

 

 

Report Date :           

18.08.2011

 

IDENTIFICATION DETAILS

 

Name :

CORONA (OVERSEAS) LTD.

 

 

Registered Office :

Premier House, 12-13 Hatton Garden, London, EC1N 8AN

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2009

 

 

Date of Incorporation :

12.06.1947

 

 

Com. Reg. No.:

00436862

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Supplier of diamonds

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

Usually Correct 

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 name & address 

 

Corona (Overseas) Ltd.

Premier House

12-13 Hatton Garden

London, EC1N 8AN

United Kingdom

 Map

Tel:       020 7405 3041

WEB: www.coronaoverseas.co.uk

 

 

Synthesis  

 

Employees:                  2

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         12-Jun-1947

Auditor:                        Landau Morley LLP       

Financials in:

Fiscal Year End:            31-Dec-2009

Reporting Currency:       British Pound Sterling

Annual Sales:                NA

Total Assets:                2.7

 

Business Description     

Corona (Overseas) Ltd. is a supplier of diamonds throughout the United Kingdom. The company specialises in offering polished small size, round and fancy-shaped diamonds up to one carat in various qualities. It also stocks a wide variety of stones of varying clarity and colours. In addition, the company provides a range of assortments of diamonds. The company imports its small diamonds and commercial stones throughout the world. Its website provides an online product catalogue and price list to its clients. (Updated by OneSource Information Services)

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:      5147 - Wholesale of other household goods

NAICS 2002:     4232 - Furniture and Home Furnishing Merchant Wholesalers

UK SIC 2003:    5147 - Wholesale of other household goods

US SIC 1987:    5099 - Durable Goods, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Alison Levy

Secretary

Abraham Levy

Director

 

Financial Summary

 

 

FYE: 31-Dec-2009

USD (mil)

Key Figures

 

Current Assets

2.74

Fixed Assets

0.0053

Total Liabilities

2.10

Net Worth

0.64

 

Key Ratios

 

Current Ratio

1.30

Acid Test

0.85

 

Registered No.(UK): 00436862

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6415077

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6192526

 

 

Corporate Overview

 

Location

Premier House

12-13 Hatton Garden

London, EC1N 8AN

London County

United Kingdom

Tel:       020 7405 3041

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.7

Employees:                   2

Fiscal Year End:            31-Dec-2009

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

Premier House

12 13 Hatton Garden

London, EC1N 8AN

United Kingdom

Incorporation Date:         12-Jun-1947

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       00436862

Director:                        Abraham Levy

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5147     -          Wholesale of other household goods

 

NAICS 2002 Codes:

4232     -          Furniture and Home Furnishing Merchant Wholesalers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5147     -          Wholesale of other household goods

 

Business Description

Corona (Overseas) Ltd. is a supplier of diamonds throughout the United Kingdom. The company specialises in offering polished small size, round and fancy-shaped diamonds up to one carat in various qualities. It also stocks a wide variety of stones of varying clarity and colours. In addition, the company provides a range of assortments of diamonds. The company imports its small diamonds and commercial stones throughout the world. Its website provides an online product catalogue and price list to its clients. (Updated by OneSource Information Services)

 

More Business Descriptions

Import and Export Agents

 

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.7

Current Assets:

1.7

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

1.3

 

Issued Capital:

0.0

 

Working Capital:

0.4

 

Net Worth:

0.4

 

 

 

Date of Financial Data:

31-Dec-2009

 

1 Year Growth

NA

 

 

Key Corporate Relationships

Auditor:

Landau Morley LLP

 

Auditor:

Landau Morley LLP

 

Auditor History

Landau Morley LLP

31-Dec-2009

Landau Morley LLP

31-Dec-2008

Landau Morley LLP

31-Dec-2007

Landau Morley LLP

31-Dec-2006

Bdo Stoy Hayward LLP

30-Jun-2005

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

 

Abraham Levy

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Alison Levy

 

Secretary

Company Secretary

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Premier House
12-13 Hatton Garden
London
United Kingdom EC1N 8AN

Tel: 020 7405 3041
URL:http://coronaoverseas.co.uk/

Annual Return Date: 30 Nov 2010
Total Issued Capital (GBP 000): 3

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Abraham 
Levy

Current

16 Jun 1957

16 Mayfield Gardens, 
London , London NW4 2QA

30 Nov 1991

NA

Current:6
Previous:1
Disqualifications:0

 

Elias 
Levy

Previous

03 May 1917

26 Rundell Crescent, 
London , London NW4 3BP

30 Nov 1991

07 Jul 2001

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

 

Alison 
Levy

Current

15 Jan 1961

16 Mayfield Gardens, 
London , London NW4 2QA

01 Mar 1999

NA

Current:3
Previous:0
Disqualifications:0

 

Abraham 
Levy

Previous

16 Jun 1957

16 Mayfield Gardens, 
London , London NW4 2QA

30 Nov 1991

01 Mar 1999

Current:6
Previous:1
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

Abraham Levy

2700 A Ordinary GBP 1.00

A Ordinary

2,700

1.00

2,700.00

90.00

Alison Levy

300 B Ordinary GBP 1.00

B Ordinary

300

1.00

300.00

10.00

 

 

 

 

 

 

 

 

 

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)

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

30-Jun-2005

Period Length

52 Weeks

52 Weeks

52 Weeks

78 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.641508

0.545576

0.499878

0.543438

0.538595

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

-

-

-

-

5.9

Turnover (Exports)

-

-

-

-

0.0

Total Turnover

-

-

-

-

5.9

Cost of Sales

-

-

-

-

5.0

Gross Profit

-

-

-

-

1.0

Depreciation

0.0

0.0

0.0

0.0

0.0

Other Expenses

-

-

-

-

0.6

Other Income

-

-

-

-

0.0

Interest Paid

-

-

-

-

0.1

Exceptional Income

-

-

-

-

0.0

Profit Before Taxes

-

-

-

-

0.3

Tax Payable / Credit

-

-

-

-

0.1

Extraordinary Items/Debits

-

-

-

-

0.0

Dividends

-

-

-

-

0.1

Profit After Taxes

-

-

-

-

0.1

Minority Interests (Profit & Loss)

-

-

-

-

0.0

Audit Fees

-

-

-

-

0.0

Number of Employees

-

-

-

-

3

Wages

-

-

-

-

0.2

Social Security Costs

-

-

-

-

0.0

Pensions

-

-

-

-

0.1

Other Pension Costs

-

-

-

-

0.1

Employees Remuneration

-

-

-

-

0.3

Directors Emoluments

-

-

-

-

0.2

Other Costs

-

-

-

-

0.0

Directors Remuneration

-

-

-

-

0.2

Highest Paid Director

-

-

-

-

0.2

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

30-Jun-2005

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.619253

0.695531

0.502361

0.510947

0.557896

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

-

-

-

-

0.0

Fixtures & Fittings

-

-

-

-

0.0

Plant & Vehicles

-

-

-

-

0.0

Total Tangible Fixed Assets

0.0

0.0

0.0

0.0

0.0

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.0

0.0

0.0

0.0

0.0

Stocks

-

-

-

-

1.6

Work in Progress

-

-

-

-

0.0

Total Stocks Work In Progress

0.9

0.9

1.3

0.8

1.6

Trade Debtors

-

-

-

-

1.8

Director Loans

0.0

-

-

-

-

Other Debtors

1.7

-

-

-

0.2

Total Debtors

1.7

1.7

2.7

3.1

1.9

Cash and Equivalents

0.1

0.1

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.7

2.7

4.0

4.0

3.5

Total Assets

2.7

2.7

4.0

4.0

3.5

Trade Creditors

-

-

-

-

0.6

Bank Overdraft

1.0

0.9

1.1

1.6

1.2

Inter-Company Creditors

-

-

-

-

0.0

Director Loans (Current Liability)

-

0.2

-

-

0.0

Hire Purchase (Current Liability)

-

-

-

-

0.0

Finance Lease (Current Liability)

-

-

-

-

0.0

Total Finance Lease/Hire Purchase (Current Liability)

-

-

-

-

0.0

Total Short Term Loans

-

-

-

-

0.0

Accruals/Deferred Income (Current Liability)

-

-

-

-

0.0

Social Security/VAT

-

-

-

-

0.2

Corporation Tax

-

-

-

-

0.0

Dividends (Current Liability)

-

-

-

-

0.0

Other Current Liabilities

1.1

0.6

1.7

1.2

0.0

Total Current Liabilities

2.1

1.6

2.8

2.8

2.1

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Loans

0.0

0.0

0.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

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

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

0.6

1.1

1.2

1.2

1.4

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

0.6

1.1

1.3

1.2

1.4

Net Worth

0.6

1.1

1.3

1.2

1.4

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

30-Jun-2005

Period Length

52 Weeks

52 Weeks

52 Weeks

78 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.641508

0.545576

0.499878

0.543438

0.538595

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

-

-

-

-

0.6

Net Cash Flow from ROI and Servicing of Finance

-

-

-

-

-0.1

Taxation

-

-

-

-

-0.1

Capital Expenditures

-

-

-

-

0.0

Acquisitions and Disposals

-

-

-

-

0.0

Paid Up Equity

-

-

-

-

-0.1

Management of Liquid Resources

-

-

-

-

0.0

Net Cash Flow From Financing

-

-

-

-

0.0

Increase in Cash

-

-

-

-

0.3

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

30-Jun-2005

Period Length

52 Weeks

52 Weeks

52 Weeks

78 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.619253

0.695531

0.502361

0.510947

0.557896

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.30

1.66

1.45

1.43

1.67

Liquidity Ratio

0.85

1.11

0.99

1.13

0.93

Stock Turnover

-

-

-

-

3.68

Credit Period (Days)

-

-

-

-

111.87

Working Capital by Sales

-

-

-

-

24.59%

Trade Credit by Debtors

-

-

-

-

0.36

Return on Capital

-

-

-

-

18.22%

Return on Assets

-

-

-

-

7.38%

Profit Margin

-

-

-

-

4.53%

Return on Shareholders Funds

-

-

-

-

18.22%

Borrowing Ratio

163.01%

99.63%

86.87%

133.41%

85.91%

Equity Gearing

23.23%

39.79%

31.24%

30.34%

40.52%

Interest Coverage

-

-

-

-

2.44

Sales by Tangible Assets

-

-

-

-

393.91

Average Remuneration per Employee

-

-

-

-

0.1

Profit per Employee

-

-

-

-

0.1

Sales per Employee

-

-

-

-

1.9

Capital Employed per Employee

-

-

-

-

0.5

Tangible Assets per Employee

-

-

-

-

0.0

Total Assets per Employee

-

-

-

-

1.2

Employee Remuneration by Sales

-

-

-

-

4.83%

Creditor Days (Cost of Sales Based)

-

-

-

-

48.38

Creditor Days (Sales Based)

-

-

-

-

40.48

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.37

UK Pound

1

Rs.74.56

Euro

1

Rs.65.34

 

 

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.