MIRA INFORM REPORT

 

 

Report Date :

24.03.2011

 

IDENTIFICATION DETAILS

 

Name :

RAANI INTERNATIONAL LIMITED

 

 

Registered Office :

Unit 3, Dokal Industrial Estate, Hartington road, Southall  UB2 5AD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.10.2009

 

 

Date of Incorporation :

22.10.2007

 

 

Com. Reg. No.:

06405484

 

 

Legal Form :

Private Limited With share Capital

 

 

Line of Business :

Other Business Activities

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 – 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 summary

 

Company Name

RAANI INTERNATIONAL LIMITED

Company Number

06405484

Registered Address

UNIT 3 DOKAL INDUSTRIAL ESTATE

Trading Address

3 SOMERSET ROAD
BARNET
HERTFORDSHIRE
EN5 1RP
EN5 1RP

 

HARTINGTON ROAD

 

 

SOUTHALL

 

 

UB2 5AD

 

Website Address

-

 

 

Telephone Number

 

Fax Number

 

TPS

Yes

FPS

No

Incorporation Date

22/10/2007

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

19/08/2010

Date of Change

-

Share Capital

£100

Sic Code

7487

Currency

GBP

Sic Description

OTHER BUSINESS ACTIVITIES

Principal Activity

 

Accounts Due Date 30/06/2011

 

Limit Definition

Commentary

 

No exact match CCJs are recorded against the company.

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 6.1%.

A 4.2% decline 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 18.6% 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 has changed its registered address recently.

The company was established over 2 years ago.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/10/2009

-

-

£33,557

-

31/10/2008

-

-

£21,206

-

 

 

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

 

----

 

 

Writ Details

 

There are no Writ Details

 

 

Mortgage Summary

 

Outstanding

2

Satisfied

0

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

0

 

Current Directors

 

Name

Kamal Rao

Date of Birth

15/07/1977

Officers Title

 

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

22/10/2007

 

 

Address

4 Churchfield Close

 

 

 

 

 

 

 

North Harrow

 

 

 

HA2 6BD

 

 

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

Sumitra Rao

Date of Birth

-

Officers Title

Ms

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

22/10/2007

 

 

Address

4 Churchfield Close

 

 

 

 

 

 

 

North Harrow

 

 

 

HA2 6BD

 

 

 

 

 

 

 

 

Top 20 Shareholders

 

Name

Individual Share Value

SUMITRA RAO

50 ORDINARY GBP 1.00

KAMAL RAO

50 ORDINARY GBP 1.00

 

 

Previous Directors/Company Secretaries

Profit & Loss

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

Weeks

52

(%)

52

(%)

-

(%)

-

(%)

Currency

GBP

(%)

GBP

(%)

-

(%)

-

(%)

Consolidated A/cs

N

(%)

N

(%)

-

(%)

-

(%)

Turnover

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

Depreciation

£25,563

0%

£25,562

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

 

 

Retained Profit

 

 

 

Balance Sheet

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

Tangible Assets

£51,124

-33.3%

£76,687

-

-

-

-

-

Intangible Assets

£222,750

-

£222,750

-

-

-

-

-

Total Fixed Assets

£273,874

-8.5%

£299,437

-

-

-

-

-

Stock

£22,059

-

£22,059

-

-

-

-

-

Trade Debtors

£40,650

33%

£30,562

-

-

-

-

-

Cash

£3,826

18.6%

£3,225

-

-

-

-

-

Other Debtors

0

-

0

-

-

-

-

-

Miscellaneous Current Assets

0

-

0

-

-

-

-

-

Total Current Assets

£66,535

19.1%

£55,846

-

-

-

-

-

Trade Creditors

£273,111

-9.1%

£300,336

-

-

-

-

-

Bank Loans & Overdrafts

0

-

0

-

-

-

-

-

Other Short Term Finance

0

-

0

-

-

-

-

-

 

 

Capital & Reserves

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

Called Up Share Capital

£100

-

£100

-

-

-

-

-

P & L Account Reserve

£33,457

58.5%

£21,106

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

 

 

Shareholder Funds

£33,557

58.2%

£21,206

 

 

Other Financial Items

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

Net Worth

-£189,193

6.1%

-£201,544

-

-

-

-

-

Working Capital

-£206,576

15.5%

-£244,490

-

-

-

-

-

Total Assets

£340,409

-4.2%

£355,283

-

-

-

-

-

Total Liabilities

£306,852

-8.1%

£334,077

-

-

-

-

-

Net Assets

£33,557

58.2%

£21,206

-

-

-

-

-

 

 

Cash Flow

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

Net Cashflow from Operations

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/10/09

(%)

31/10/08

(%)

-

(%)

-

(%)

 

Contingent Liability

NO

-

NO

-

-

-

-

-

 

Capital Employed

£67,298

22.5%

£54,947

-

-

-

-

-

 

Number of Employees

-

-

-

-

-

-

-

-

 

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/10/09

31/10/08

Pre-tax profit margin %

-

-

Current ratio

0.24

0.19

 

Current ratio

0.24

0.19

Sales/Net Working Capital

-

-

Gearing %

100.50

159.10

Equity in %

28.50

16

Creditor Days

-

-

Debtor Days

-

-

Liquidity/Acid Test

0.16

0.11

Return On Capital Employed %

-

-

Return On Total Assets Employed %

-

-

Current Debt Ratio

8.13

14.16

Total Debt Ratio

9.14

15.75

Stock Turnover Ratio %

-

-

Return on Net Assets Employed %

-

-

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

 

27/08/2010

New Accounts Filed

 

27/08/2010

New Accounts Filed

 

01/04/2010

Change in Reg.Office

 

01/04/2010

Change of Company Postcode

 

26/01/2010

Annual Returns

 

26/08/2009

New Accounts Filed

 

27/01/2009

Annual Returns

 

 

25/10/2007

New Company Secretary (SUMITRA RAO) appointed

 

25/10/2007

New Board Member (KAMAL RAO) appointed

 

24/10/2007

Change of Name

 

24/10/2007

Change in Reg.Office

 

24/10/2007

Change of Company Postcode

 

 

 

Limit History

 

Date

Limit

26/08/2009

£0

25/08/2009

-

20/02/2009

£500

12/09/2008

£1,000

05/08/2008

£2,000

25/10/2007

£0

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.96

UK Pound

1

Rs.73.57

Euro

1

Rs.63.68

 

 

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

 

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.