MIRA INFORM REPORT

 

 

Report Date :           

17.10.2011

 

IDENTIFICATION DETAILS

 

Name :

INTERCOLLOID (UK) LTD.

 

 

Registered Office :

3 Warner House, Harrovian Business Village, Bessborough Road, Harrow Middlesex, Harrow, HA1 3EX

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

31.12.1986

 

 

Com. Reg. No.:

02086308

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Wholesale Business

 

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 :

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Intercolloid (UK) Ltd.

3 Warner House

Harrovian Business Village

Harrow, HA1 3EX

United Kingdom

Tel:       020 8423 6661

 

 

Synthesis     

 

Employees:                  2

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         31-Dec-1986    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                 2.2

 

 

Business Description     

 

Wholesale.

 

Industry 

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:      5190 - Other wholesale

NAICS 2002:     423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:    5190 - Other wholesale

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

 

           

Key Executives   

 

Name

Title

Chitra Bhansali

Secretary

Chandresh Joisher

Director

 

 

Financial Summary

 

YE: 31-Mar-2010

USD (mil)

Key Figures

 

Current Assets

1.46

Fixed Assets

0.79

Total Liabilities

0.88

Net Worth

1.36

 

Key Ratios

 

Current Ratio

1.65

Acid Test

0.93

 

 

Registered No.(UK): 02086308

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6277937

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6592392

 

 

Corporate Overview

 

Location

3 Warner House

Harrovian Business Village

Harrow, HA1 3EX

Middlesex County

United Kingdom

Tel:       020 8423 6661

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.5

Employees:                   2

Fiscal Year End:            31-Mar-2010

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

3 Warner House

Harrovian Business Village

Bessborough Road, Harrow Middlesex

Harrow, HA1 3EX

United Kingdom

Incorporation Date:         31-Dec-1986

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       02086308

Director:                        Chandresh Joisher

 

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:

5190     -          Other wholesale

 

NAICS 2002 Codes:

423990  -          Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190     -          Other wholesale

 

Business Description

Wholesale.

 

More Business Descriptions

Resin Manufacturers

 

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.5

Current Assets:

1.0

 

Fixed Assets:

0.5

 

Long Term Debt:

0.0

 

Total Liabilities:

0.6

 

Issued Capital:

0.1

 

Working Capital:

0.4

 

Net Worth:

0.9

 

 

 

Date of Financial Data:

31-Mar-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

Bank:

Hsbc Bank PLC

 

 

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Chandresh Joisher

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Chitra Bhansali

 

Secretary

Company Secretary

 

 

 

Directors and Shareholders Report

 

Main Office Address:
3 Warner House
Harrovian Business Village
Harrow
United Kingdom HA1 3EX

Tel: 020 8423 6661

Annual Return Date: 16 Jan 2011
Total Issued Capital (GBP 000): 50

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Chandresh 
Joisher

Current

18 May 1955

116 Paxford Road, North Wembley, 
Wembley, Middlesex HA0 3RH

01 May 1991

NA

Current:1
Previous:0
Disqualifications:0

 

Chitra 
Bhansali

Current

21 Jan 1961

116 Paxford Road, 
Wembley, Middlesex HA0 3RH

30 Sep 1993

NA

Current:2
Previous:0
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

 

Chitra 
Bhansali

Current

21 Jan 1961

116 Paxford Road, 
Wembley, Middlesex HA0 3RH

30 Sep 1993

NA

Current:2
Previous:0
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

Chandresh C Joisher

20000 Ordinary GBP 1.00

Ordinary

20,000

1.00

20,000.00

40.00

Chitra Bhansali

15000 Ordinary GBP 1.00

Ordinary

15,000

1.00

15,000.00

30.00

Deval P Joisher

15000 Ordinary GBP 1.00

Ordinary

15,000

1.00

15,000.00

30.00

 

 

 

 

 

 

 

 

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-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.627794

0.592803

0.498361

0.528925

0.560422

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.0

0.0

0.0

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.659239

0.697666

0.503145

0.509853

0.576518

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.0

0.6

0.8

0.8

0.3

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.8

0.0

0.1

0.0

0.0

Total Fixed Assets

0.8

0.6

0.9

0.8

0.3

Total Stocks Work In Progress

0.6

0.4

0.5

0.4

0.0

Total Debtors

0.8

1.2

1.0

0.9

1.2

Cash and Equivalents

0.1

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1.5

1.6

1.5

1.4

1.3

Total Assets

2.2

2.2

2.3

2.2

1.6

Bank Overdraft

-

-

-

0.0

0.0

Other Current Liabilities

0.9

0.9

0.8

0.7

0.8

Total Current Liabilities

0.9

0.9

0.8

0.8

0.8

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

0.1

0.1

0.1

0.1

0.1

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.5

0.5

0.7

0.7

0.2

Retained Earnings

0.8

0.8

0.8

0.7

0.5

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

1.4

1.3

1.6

1.4

0.8

Net Worth

1.4

1.3

1.6

1.4

0.8

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.627794

0.592803

0.498361

0.528925

0.560422

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.659239

0.697666

0.503145

0.509853

0.576518

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.65

1.86

1.95

1.76

1.62

Liquidity Ratio

0.93

1.39

1.33

1.20

1.60

Borrowing Ratio

-

-

-

1.92%

1.79%

Equity Gearing

60.71%

60.99%

67.70%

64.80%

49.63%

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.77.42

Euro

1

Rs.67.72

 

 

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.