MIRA INFORM REPORT

 

 

Report Date :           

21.10.2011

 

IDENTIFICATION DETAILS

 

Name :

D.M. IMPEX LIMITED

 

 

Registered Office :

258 Twickenham Road, Isleworth, Middlesex, TW7 7DT   

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

26.11.1992

 

 

Com. Reg. No.:

02768239

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Import and Export agents.

 

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

 

Maximum Credit Limit :

GBP 45,000

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

 

 Bottom of Form

Company Identification Details

 

Subject Reported on

D.M. IMPEX LIMITED

Registration Number

02768239

Address

3 PARKLANDS PARADE, BATH ROAD, HOUNSLOW, MIDDLESEX, TW5 9AX.

Telephone

020 8577 004

Facsimile

020 8569 5504

 

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 45,000

 

 

 

 

Payment Behaviour

 

 

( No Payment Analysis Data is Available )

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

02768239

Subject Status

Trading

Date of Incorporation

26/11/1992

Registered Office

258 TWICKENHAM ROAD, ISLEWORTH, MIDDLESEX, TW7 7DT.

Date of Last Annual Return to Registry

26/11/2010

Accounts

The last filed accounts at Companies House are those to 31/12/2010

Accounting Reference Date

31/12

 

 

 

Operations

 

 

Activities

Import and Export agents.

Premises

Offices

Staff Employed

3

Auditors

Harrison Young

 

 

 

 

 

Historical Rating

 

 

Date

Monthly Credit Guide

18/06/2011

45,000

18/03/2011

32,500

18/12/2010

33,500

18/09/2010

32,500

18/06/2010

33,500

 

 

 

Previous Searches

 

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

 

Date

Description

02/02/2006

Miscellaneous

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

09/07/1998

Companies House Gazette

Change among directors of a company

30/11/1992

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

VIBHAVARI BHARATKUMAR DHULIA

Service Address

1 SUTTON ROAD, HESTON, MIDDLESEX, TW5 0PG.

Country of Origin

UNITED KINGDOM

Appointment Date

03/04/1995

 

Directors

 

 

Director

MR BHARAT DHULIA

Service Address

1 SUTTON ROAD, HESTON, MIDDLESEX, TW5 0PG.

Country of Origin

UNITED KINGDOM

Date of Birth

28/08/1955

Appointment Date

26/11/1992

Other Directorships

PEARL IMPEX LIMITED


Accountant


JAYENDRAKUMAR DHARAMDAS DHULIA

Service Address

PO BOX 135, OMDURMAN.

Country of Origin

SUDAN

Date of Birth

14/05/1944

Appointment Date

01/06/1998

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

100

Principal Shareholder

50 Vibhavari Dhulia

 

25 Jayendrakumar Dharamdas Dhulia

 

25 Bharat Dhulia

 

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

 

 

 

 

Financial Data– Statutory Accounts

 

 

 

 

Profit and Loss

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Currency

GBP

GBP

GBP

GBP

SALES

 

 

 

87

PRE TAX PROFIT

 

 

 

37

 

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

3

2

3

2

Tangible Assets

3

2

3

2

TOTAL CURRENT ASSETS

499

300

1255

1334

Trade debtors

 

 

2

36

Other Current Assets

499

300

1253

1298

Cash

499

300

1253

1298

TOTAL ASSETS

502

302

1258

1336

TOTAL CURRENT LIABILITIES

293

147

1137

1227

Trade creditors

293

147

1137

1227

WORKING CAPITAL

206

153

118

107

TOTAL LONG TERM LIABS

1

 

 

 

NET ASSETS/(LIABILITIES)

208

155

121

109

SHARE CAPITAL + RESERVES

208

155

121

109

Profit and Loss account

208

155

121

109

SHAREHOLDERS FUNDS

208

155

121

109

CAPITAL EMPLOYED

209

155

121

109

 

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Currency

GBP

GBP

GBP

GBP

Liquid Assets

499

300

1255

1334

Net Working Capital

206

153

118

107

Other Deferred Liabs

1

 

 

 

Tangible Net Worth(T.N.W)

208

155

121

109

Equity

208

155

121

109

Number of Years Trading

18

17

16

15

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/12/2010

31/12/2009

31/12/2008

31/12/2007

Current Ratio

1.7

2

1.1

1.1

Pre Tax Profit Margin%

 

 

 

42.5

Debtors Days (D.S.O)

 

 

 

151

Quick Ratio

1.7

2

1.1

1.1

Return on Investment%

 

 

 

33.9

Return on Assets%

 

 

 

2.8

T.N.W/Total Assets%

41.4

51.3

9.6

8.2

Return on Capital%

 

 

 

33.9

Rtn on Shareholders Funds%

 

 

 

33.9

Working Capital/Sales%

 

 

 

123

Borrowing Ratio%

 

 

 

 

Equity Gearing%

70.7

105.4

10.6

8.9

 

 

 

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 53,000 increase. This suggests that the Company may have made a post-tax profit of GBP 53,000.

 

Working Capital

The company's working capital has increased by 35 % in the period.

 

Net Worth

Net worth was GBP 208,000.

 




FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.71

UK Pound

1

Rs.78.09

Euro

1

Rs.68.05

 

 

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.