MIRA INFORM REPORT

 

 

Report Date :

07.03.2011

 

IDENTIFICATION DETAILS

 

Name :

BOMBAY LOOKS LTD

 

 

Registered Office :

87E Belgrave Road, Leicester, Leicestershire, LE4 6AS.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

08.03.2005

 

 

Com. Reg. No.:

05385112

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Miscellaneous 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

 

Maximum Credit Limit :

GBP 21,500

 

 

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 – 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 Identification Details

 

Subject Reported on

BOMBAY LOOKS LTD

Registration Number

05385112

Address

87E BELGRAVE ROAD, LEICESTER, LEICESTERSHIRE, LE4 6AS.

Telephone

0116 261 0241

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 21,500

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

05385112

Subject Status

Trading

Date of Incorporation

08/03/2005

Registered Office

5 BROOKDENE DRIVE, NORTHWOOD, HA6 3NS.

Date of Last Annual Return to Registry

03/03/2010

Accounts

The last filed accounts at Companies House are those to 31/03/2010

Accounting Reference Date

31/03

 

 

 

Operations

 

 

Nace Code

7487

Auditors

Assets Ltd

Branches

87E BELGRAVE ROAD, LEICESTER, LEICESTERSHIRE, LE4 6AS.

 

 

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

0

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

Total Number of Mortgages/Charges Registered

1

Number Outstanding

1

Number Partially Satisfied

0

Number Satisfied

0

 

 

Date of Latest Mortgage Created

27/05/2005

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

07/06/2005

27/05/2005

Debenture

395

Hsbc Bank Plc

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

11/05/2009

Companies House Gazette

Change among directors of a company

30/10/2008

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

AJIT DATTANI

Service Address

51 CROWN ROAD, ILFORD, ESSEX, IG6 1NN.

Country of Origin

UNITED KINGDOM

Appointment Date

08/03/2005

 

 

Directors

 

 

Director

MR VINOD DATTANI

Service Address

42 WENSLEYDALE AVENUE, CLAYHALL, ESSEX, IG5 0NA.

Country of Origin

UNITED KINGDOM

Date of Birth

16/07/1952

Appointment Date

30/10/2008

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

100

Principal Shareholder

20 Sandip Dattani

 

20 Ajit Dattani

 

20 Paresh Dattani

 

20 Vinod Dattani

 

20 Subhas Dattani

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

 

 

 

Financial Data– Statutory Accounts

 

 

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

 

For annual accounts images, view the

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2010

31/03/2009

31/03/2008

31/03/2007

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

177

185

194

201

Tangible Assets

42

47

53

57

Intangible Assets

135

138

141

144

TOTAL CURRENT ASSETS

428

340

323

330

Trade debtors

9

5

2

 

Stocks

400

319

309

305

Other Current Assets

19

16

12

25

Misc Current Assets

 

1

 

2

Cash

19

15

12

23

TOTAL ASSETS

605

525

517

531

TOTAL CURRENT LIABILITIES

275

263

326

405

Trade creditors

275

263

326

405

WORKING CAPITAL

153

77

(3)

(75)

TOTAL LONG TERM LIABS

1

1

 

 

NET ASSETS/(LIABILITIES)

329

261

191

126

SHARE CAPITAL + RESERVES

329

261

191

126

Profit and Loss account

329

261

191

126

SHAREHOLDERS FUNDS

329

261

191

126

CAPITAL EMPLOYED

330

262

191

126

 

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2010

31/03/2009

31/03/2008

31/03/2007

Currency

GBP

GBP

GBP

GBP

Liquid Assets

28

20

14

23

Net Working Capital

153

77

(3)

(75)

Other Deferred Liabs

1

1

 

 

Tangible Net Worth(T.N.W)

194

123

50

(18)

Equity

329

261

191

126

Number of Years Trading

5

4

3

2

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/03/2010

31/03/2009

31/03/2008

31/03/2007

Current Ratio

1.6

1.3

1

0.8

Quick Ratio

0.1

0.1

 

0.1

T.N.W/Total Assets%

32.1

23.4

9.7

(3.4)

Equity Gearing%

119.2

98.9

58.6

31.1

 

 

 

Key Industry Sector Trends

 

 

Year

2010

2009

2008

2007

Sample Size

99999

99999

99999

99999

Pre-Tax Profit Margin

20.6

13.6

16.5

19.3

Current Ratio

1.6

1.9

1.8

1.8

Borrowing Ratio

39

38.4

44.5

37.1

Return on Capital

97.4

47.7

57.7

82.8

Creditors Days

223

194

207

150

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Miscellaneous business activities not elsewhere classified

 

 

Financial Summary

 

 

Auditors Qualification

The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.

 

No Turnover

The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.

 

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shown on the Balance Sheet is GBP 68,000 increase. This suggests that the Company may have made a post-tax profit of GBP 68,000.

 

Working Capital

The company's working capital has increased by 99 % in the period.

 

Net Worth

Net worth has increased by 26 % and now stands at GBP 329,000.

 

Fixed Assets

The subject's fixed assets reduced during the year by GBP 8,000 to GBP 177,000 and are now 29 % of total assets compared with 35 % in the previous year.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.99

UK Pound

1

Rs.73.24

Euro

1

Rs.62.80

 

 

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.