MIRA INFORM REPORT

 

 

Report Date :           

04.08.2011

 

IDENTIFICATION DETAILS

 

Name :

MAYASONS LTD.

 

 

Registered Office :

Maya House, Unit 8D, Chancery Gate Business,  London, Southall, UB2 5FB

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2010

 

 

Com. Reg. No.:

03526705

 

 

Date of Incorporation :

13.03.1998       

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Provider of Business Services

 

RATING & COMMENTS

                                                  

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

---

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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 name & address 

 

Mayasons Ltd.

Unit 8d Maya House

Chancery Gate

Business

Southall, UB2 5FB

United Kingdom

 

 

Synthesis

 

Employees:                  NA

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         13-Mar-1998    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                0.2

 

 

Business Description     

 

Import and export

 

Industry

Industry            Business Services

ANZSIC 2006:    6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified

NACE 2002:      7487 - Other business activities not elsewhere classified

NAICS 2002:     5619 - Other Support Services

UK SIC 2003:    7487 - Other business activities not elsewhere classified

US SIC 1987:    7389 - Business Services, Not Elsewhere Classified

 

 

 Key Executives   

 

Name

Title

Kamlesh Naraindas Changlani

Manager

Rati Kamlesh Changlani

Administrator

 

 

 

Financial Summary    

 

 

FYE: 31-Mar-2010         USD (mil)

 

Key Figures

 

Current Assets

0.18

Fixed Assets

0.01

Total Liabilities

0.0000

Net Worth

0.02

 

Key Ratios

 

Current Ratio

1.04

Liquidity Ratio

0.65

 

 

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

Unit 8d Maya House

Chancery Gate

Business

Southall, UB2 5FB

Middlesex County

United Kingdom

 

Sales GBP(mil):             NA

Assets GBP(mil):           0.1

Employees:                   NA

Fiscal Year End:            31-Mar-2010

Industry:            Business Services

           

Registered Address:

Maya House

Unit 8D, Chancery Gate Business

London

Southall, UB2 5FB

United Kingdom

 

Incorporation Date:         13-Mar-1998

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       03526705

Contents

 

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

6999     -          Other Professional, Scientific and Technical Services Not Elsewhere Classified

 

NACE 2002 Codes:

7487     -          Other business activities not elsewhere classified

 

NAICS 2002 Codes:

5619     -          Other Support Services

 

US SIC 1987:

7389     -          Business Services, Not Elsewhere Classified

 

UK SIC 2003:

7487     -          Other business activities not elsewhere classified

 

Business Description

Import and export

 

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

0.1

Current Assets:

0.1

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Issued Capital:

0.0

 

Working Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

31-Mar-2010

 

1 Year Growth

NA

Key Corporate Relationships

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

03-31-2010

 

 

 

 

 

 

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Rati Kamlesh Changlani

 

Administrator

Director/Board Member

 

Kamlesh Naraindas Changlani

 

Manager

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Rati Kamlesh Changlani

 

Administrator

Administration Executive

 

Kamlesh Naraindas Changlani

 

Manager

Company Secretary

 

 

 

Directors and Shareholders Report

 

Main Office Address:
Unit 8d Maya House
Chancery Gate
Southall
United Kingdom UB2 5FB

 

Annual Return Date: 13 Mar 2011
Total Issued Capital (GBP 000): 1

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Kamlesh Naraindas 
Changlani

Current

17 Apr 1964

112 Turner Road, 
Edgware, Middlesex HA8 6BH

17 Apr 1998

NA

Current:3
Previous:0
Disqualifications:0

 

Rati Kamlesh 
Changlani

Current

03 Mar 1968

112 Turner Road, 
Edgware, Middlesex HA8 6BH

17 Apr 1998

NA

Current:1
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Brighton Director Limited

Previous

381 Kingsway, 
Hove, East Sussex BN3 4QD

13 Mar 1998

17 Apr 1998

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Kamlesh Naraindas 
Changlani

Current

17 Apr 1964

112 Turner Road, 
Edgware, Middlesex HA8 6BH

17 Apr 1998

NA

Current:3
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Brighton Secretary Limited

Previous

381 Kingsway, 
Hove, East Sussex BN3 4QD

13 Mar 1998

17 Apr 1998

 

 

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Kamlesh Changlani

501 Ordinary GBP 1.00

Ordinary

501

1.00

501.00

50.10

Rati Kamlesh Changlani

499 Ordinary GBP 1.00

Ordinary

499

1.00

499.00

49.90

 

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

Annual Profit & Loss

 

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

12 Months

12 Months

12 Months

12 Months

12 Months

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

 

 

 

 

 

 

Audit Fees

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

0.0

0.0

0.0

0.0

Total Fixed Assets

0.0

0.0

0.0

0.0

0.0

Total Stocks

0.1

0.1

0.1

0.1

0.1

Trade Debtors

0.1

0.1

0.1

0.1

0.1

Cash and Equivalents

0.0

0.0

0.1

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

0.2

0.1

0.2

0.2

0.2

Total Assets

0.2

0.1

0.2

0.2

0.2

Trade Creditors

0.2

0.1

0.1

0.1

0.1

Bank Overdraft

0.0

0.0

0.0

0.0

0.0

Bank Loan Overdrafts

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

0.0

0.0

0.0

0.0

0.0

Working Capital

0.0

0.0

0.2

0.1

0.1

Total Long Term Loans

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.1

0.1

0.1

Total Long Term Liabilities

0.0

0.0

0.1

0.1

0.1

Issued Capital

0.0

-

-

-

-

Retained Earnings

0.0

0.0

0.1

0.0

0.0

Total Reserve

0.0

0.0

0.1

0.0

0.0

Total Shareholders Funds

0.0

0.1

0.1

0.0

0.0

Net Worth

0.0

0.1

0.1

0.0

0.0

 

 

Annual cash flows

 

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

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

 

 

 

 

 

 

Paid Up Equity

0.0

0.0

0.0

0.0

0.0

 

Annual Ratios

 

 

 

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

31-Mar-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

-

-

-

-

-

Exchange Rate

-

-

-

-

-

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.04

1.48

3.27

3.39

2.85

Liquidity Ratio

0.65

0.89

2.34

1.78

1.51

Solvency Ratio

10.87%

34.21%

23.74%

20.50%

17.91%

Current Debt Ratio

8.20

1.92

1.25

1.38

1.86

Long Term Debt Ratio

0.00

0.00

0.66

0.71

0.73

Total Debt Ratio

8.20

1.92

3.21

3.88

4.58

Debt Asset Ratio

89.13%

65.79%

29.72%

28.30%

33.25%

Working Finance

-

-

208.90%

187.24%

194.01%

Stock Financing

8.75

1.23

0.41

0.67

0.72

Fixed Asset Investment

0.07

0.02

0.03

0.04

0.05

Shareholder Liquidity

-

-

0.51

0.40

0.37

Stock to Total Assets

286.37%

255.24%

360.49%

219.41%

224.35%

Financial Strength Ratio

1.70

2.37

7.57

7.66

7.08

Reserve Movement

-62.66%

25.24%

30.72%

9.63%

49.63%

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.38

UK Pound

1

Rs.72.21

Euro

1

Rs.62.87

 

 

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.