MIRA INFORM REPORT

 

           

Report Date :           

19.05.2011

 

IDENTIFICATION DETAILS

 

Name :

SIBONA LIMITED 

 

 

Formerly Known As :

RAPID 9498 LIMITED

 

 

Registered Office :

33 Salisbury Road, New Malden, Surrey Kt3 3hz

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

09.01.1990

 

 

Com. Reg. No.:

02457386

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale of textiles

 

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 :

£500

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

 Bottom of Form

 

Top of Form

Company Name

SIBONA LIMITED

Company Number

02457386

Registered Address

33 SALISBURY ROAD

Trading Address

2A Dulka Road London SW 11 6SDB, United Kingdom 

 

NEW MALDEN

 

 

 

SURREY

 

 

 

KT3 3HZ

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

09/01/1990

Company Status

Active - Accounts Filed

Previous Name

RAPID 9498 LIMITED

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

08/01/2011

Date of Change

12/02/1990

Share Capital

£5,000

Sic Code

5141

Currency

GBP

Sic Description

WHOLESALE OF TEXTILES

Principal Activity

Importation and retailing of textile products.

Accounts Due Date 31/12/2011

 

Credit Limit

 

Limit

£500

Previous Limit

-

Contract Limit

£2,000

 

 

 

 

Last 3 Years Credit Limit

 

Date

Limit

31/12/2010

£0

31/12/2009

£500

31/12/2008

£5,000

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2010

-

-

£10,244

-

31/03/2009

-

-

£19,680

-

31/03/2008

-

-

£34,918

-

 

 

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

 

There are no possible CCJ details

 

 

Writ Details

 

There are no writ details

 

 

Mortgage Summary

 

Outstanding

1

Satisfied

0

 

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

0

 

 

Current Directors

 

Name

Imogen Donkin

Date of Birth

12/01/1959

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

09/01/1992

 

 

Address

33 Salisbury Road,  ,  New Malden,  KT3 3HZ

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

Bruno Michel Sibona

Date of Birth

-

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

09/01/1992

 

 

Address

20 Peak Hill,  Sydenham,  London,  SE26 4LR

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Top 20 Shareholders

 

Name

Individual Share Value

IMOGEN DONKIN

5,000 ORDINARY GBP 1.00

 

Profit & Loss

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

-

-100%

£4,097

100%

£2,049

-

£2,049

-0.9%

£2,068

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Tangible Assets

0

-

0

-100%

£4,096

-33.3%

£6,145

-25%

£8,195

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

0

-

0

-100%

£4,096

-33.3%

£6,145

-25%

£8,195

Stock

£63,340

-40.6%

£106,622

33.6%

£79,829

-29.5%

£113,227

-15.3%

£133,610

Trade Debtors

£37,281

-13%

£42,837

22.7%

£34,908

-63.6%

£95,992

-

0

Cash

£4,954

179.9%

£1,770

-74.8%

£7,032

-

0

-100%

£81

Other Debtors

0

-

0

-

0

-

0

-100%

£87,284

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£105,575

-30.2%

£151,229

24.2%

£121,769

-41.8%

£209,219

-5.3%

£220,975

Trade Creditors

£95,331

-27.5%

£131,549

44.6%

£90,947

-43.9%

£162,046

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£174,771

Total Current Liabilities

£95,331

-27.5%

£131,549

44.6%

£90,947

-43.9%

£162,046

-7.3%

£174,771

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Called Up Share Capital

£5,000

-

£5,000

-

£5,000

-

£5,000

-

£5,000

P & L Account Reserve

£244

-97.5%

£9,680

-61.2%

£24,918

-42.5%

£43,318

-2.4%

£44,399

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£5,000

-

£5,000

-

£5,000

-

£5,000

-

£5,000

Shareholder Funds

£10,244

-47.9%

£19,680

-43.6%

£34,918

-34.5%

£53,318

-2%

£54,399

 

 

Other Financial Items

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Net Worth

£10,244

-47.9%

£19,680

-43.6%

£34,918

-34.5%

£53,318

-2%

£54,399

Working Capital

£10,244

-47.9%

£19,680

-36.1%

£30,822

-34.7%

£47,173

2.1%

£46,204

Total Assets

£105,575

-30.2%

£151,229

20.2%

£125,865

-41.6%

£215,364

-6%

£229,170

Total Liabilities

£95,331

-27.5%

£131,549

44.6%

£90,947

-43.9%

£162,046

-7.3%

£174,771

Net Assets

£10,244

-47.9%

£19,680

-43.6%

£34,918

-34.5%

£53,318

-2%

£54,399

 

 

Cash Flow

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£10,244

-47.9%

£19,680

-43.6%

£34,918

-34.5%

£53,318

-2%

£54,399

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

NATIONAL WESTMINSTER BANK PLC

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/03/10

31/03/09

31/03/08

31/03/07

31/03/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.11

1.15

1.34

1.29

1.26

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

9.70

13

27.70

24.80

23.70

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.44

0.33

0.46

0.59

0.50

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

9.30

6.68

2.60

3.03

3.21

Total Debt Ratio

9.30

6.68

2.60

3.03

3.21

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

Status History

 

No Status History found



Event History

 

Date

Description

 

31/01/2011

Annual Returns

 

19/01/2011

New Accounts Filed

 

25/01/2010

New Accounts Filed

 

20/01/2010

Annual Returns

 

27/05/2009

Annual Returns

 

15/02/2009

New Accounts Filed

 

11/06/2008

Annual Returns

 

09/08/2007

New Accounts Filed

 

29/01/2007

New Accounts Filed

 

13/10/2005

New Accounts Filed

 

03/02/2005

Annual Returns

 

20/01/2005

New Accounts Filed

 

14/01/2005

Annual Returns

 

17/06/2004

Data Refresh

 

19/02/2004

New Board member

 

 

 

Limit History

 

Date

Limit

19/01/2011

£500

18/12/2010

£0

25/01/2010

£500

03/01/2010

£0

26/05/2009

£500

08/03/2009

£500

17/06/2004

£5,000

 

 

Previous Company Names

 

Date

Previous Name

Companies House Documents

12/02/1990

RAPID 9498 LIMITED

 

 

Group Structure Summary

 

Company Name

SIBONA LIMITED

Company Number

02457386

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

 

Group structure

 

No group structure

Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.08

UK Pound

1

Rs.73.45

Euro

1

Rs.64.30

 

 

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.