MIRA INFORM REPORT

 

 

Report Date :

04.08.2012

 

IDENTIFICATION DETAILS

 

Name :

TREASURE OVERSEAS (UK) LTD.

 

 

Registered Office :

65 Delamere Road, Hayes, UB4 0NN, Middlesex County

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2011

 

 

Date of Incorporation :

26.10.2005

 

 

Com. Reg. No.:

05603422

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

No. of Employees :

Not Available

 

 

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 :

Slow

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 and address

 

Treasure Overseas (Uk) Ltd.

 

 

 

65 Delamere Road

 

 

Hayes, UB4 0NN

United Kingdom

 

Employees:

NA

Company Type:

Private Subsidiary

Corporate Family:

2 Companies

Ultimate Parent:

Treasure Export (Thailand) Co Ltd

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

26-Oct-2005

 

Financials in:

 

 

 

Fiscal Year End:

30-Apr-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

0.3

 

 

 

 

 

 

 

 

 

Industry

 

 

Industry

Apparel and Accessories

ANZSIC 2006:

371 - Textile, Clothing and Footwear Wholesaling

NACE 2002:

5142 - Wholesale of clothing and footwear

NAICS 2002:

4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers

UK SIC 2003:

5142 - Wholesale of clothing and footwear

US SIC 1987:

513 - Apparel, Piece Goods, and Notions

 

 

Key Executives

 

 

Name

Title

 

Isha Soni

Director

 

Sonam Soni

Manager

 

 

Financial Summary

 

 

 

 

FYE: 30-Apr-2011

USD (mil)

Key Figures

 

Current Assets

0.26

Total Liabilities

0.0000

Net Worth

0.06

 

Key Ratios

 

Current Ratio

1.27

Liquidity Ratio

0.95

 

 

Registered No.(UK)

 

05603422

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6400078

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.5995383

 

 

Corporate Overview

 

 

 

Location
65 Delamere Road
Hayes, UB4 0NN
Middlesex County
United Kingdom

 

 

 

Suggest Company URL

 

Sales GBP(mil):

NA

Assets GBP(mil):

0.2

Employees:

NA

Fiscal Year End:

30-Apr-2011

 

 

 

Industry:

Apparel and Accessories

Incorporation Date:

26-Oct-2005

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

05603422

 

Director:

Isha Soni

 

 

Industry Codes

 

ANZSIC 2006 Codes:

371

-

Textile, Clothing and Footwear Wholesaling

 

NACE 2002 Codes:

5142

-

Wholesale of clothing and footwear

 

NAICS 2002 Codes:

4243

-

Apparel, Piece Goods, and Notions Merchant Wholesalers

 

US SIC 1987:

513

-

Apparel, Piece Goods, and Notions

 

UK SIC 2003:

5142

-

Wholesale of clothing and footwear

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Assets:

0.2

Current Assets:

0.2

 

Long Term Debt:

0.0

 

Issued Capital:

NaN

 

Working Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

30-Apr-2011

 

 

1 Year Growth

138.1%

 

 

Key Corporate Relationships

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

04-30-2011

 

 

Corporate Structure News:

 

Treasure Overseas (Uk) Ltd.

Treasure Overseas (Uk) Ltd.
Total Corporate Family Members: 2

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Treasure Export (Thailand) Co Ltd

Parent

 

 

 

 

 

 

Treasure Overseas (Uk) Ltd.

Subsidiary

Hayes

United Kingdom

Apparel and Accessories

 

 

 

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Isha Soni

 

Director

Director/Board Member

 

Age: 24

 

Sonam Soni

 

Manager

Director/Board Member

 

 

Age: 26

 

 

Executives

 

Name

Title

Function

 

Isha Soni

 

Director

Company Secretary

 

Age: 24

 

 

 

Directors and Shareholders Report

 

Main Office Address:
65 Delamere Road
Hayes
United Kingdom UB4 0NN

 

Annual Return Date: 26 Oct 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Sonam
Soni

Current

21 Feb 1986

1 Crispin Way,
Uxbridge, Middlesex UB8 3WS

26 Jan 2012

NA

Current:1
Previous:0
Disqualifications:0

 

Isha
Soni

Current

07 Nov 1987

1 Crispin Way,
Uxbridge, Middlesex UB8 3WS

01 Nov 2007

NA

Current:2
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Company Directors Limited

Previous

788-790 Finchley Road,
London , London NW11 7TJ

26 Oct 2005

26 Oct 2005

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Isha
Soni

Current

07 Nov 1987

1 Crispin Way,
Uxbridge, Middlesex UB8 3WS

07 Nov 2005

NA

Current:2
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Temple Secretaries Limited

Previous

788-790 Finchley Road,
London , London NW11 7TJ

26 Oct 2005

26 Oct 2005

 

 

 

 

Individual Shareholders

 

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Treasure Export (Thailand) Co Ltd

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

Treasure Overseas (Uk) Ltd.

 

Hayes, United Kingdom

Annual Profit & Loss

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

 

 

  Financial Glossary

 

 

 

30-Apr-2011

30-Apr-2010

31-Oct-2008

31-Oct-2007

31-Oct-2006

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.640008

0.625491

0.516581

0.504347

0.553171

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)

 

  Financial Glossary

 

 

 

30-Apr-2011

30-Apr-2010

31-Oct-2007

31-Oct-2006

Filed Currency

GBP

GBP

GBP

GBP

Exchange Rate

0.599538

0.653317

0.481383

0.524315

Consolidated

No

No

No

No

 

 

 

 

 

Total Stocks

0.1

0.1

-

-

Trade Debtors

0.1

0.0

-

-

Cash and Equivalents

0.1

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

Total Current Assets

0.3

0.1

0.0

0.0

Total Assets

0.3

0.1

0.0

0.0

Trade Creditors

0.2

0.1

-

-

Bank Overdraft

0.0

0.0

0.0

0.0

Bank Loan Overdrafts

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

Total Current Liabilities

0.0

0.0

0.0

0.0

Working Capital

0.1

0.0

0.0

0.0

Total Long Term Loans

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.0

0.0

0.0

0.0

Issued Capital

0.0

-

-

-

Retained Earnings

0.1

0.0

-

-

Total Reserve

0.1

0.0

0.0

0.0

Total Shareholders Funds

0.1

0.0

0.0

0.0

Net Worth

0.1

0.0

0.0

0.0

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

30-Apr-2011

30-Apr-2010

31-Oct-2007

31-Oct-2006

Period Length

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.640008

0.625491

0.504347

0.553171

Consolidated

No

No

No

No

 

 

 

 

 

Paid Up Equity

0.0

0.0

0.0

0.0

 

 

 

 

Annual Ratios

 

 

 

 

 

 

30-Apr-2011

30-Apr-2010

31-Oct-2008

31-Oct-2007

31-Oct-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

1.27

0.74

-

-

-

Liquidity Ratio

0.95

0.21

-

-

-

Solvency Ratio

21.40%

-35.00%

-

100.00%

100.00%

Current Debt Ratio

3.67

-3.86

-

-

-

Long Term Debt Ratio

0.00

0.00

-

-

-

Total Debt Ratio

3.67

-3.86

-

-

-

Debt Asset Ratio

78.60%

135.00%

-

-

-

Stock Financing

1.19

-2.05

-

-

-

Stock to Total Assets

390.98%

139.31%

-

-

-

Financial Strength Ratio

2.22

0.95

0.00

0.00

0.00

Reserve Movement

-296.84%

-

-

-

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.08

UK Pound

1

Rs.87.02

Euro

1

Rs.68.36

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.