MIRA
INFORM REPORT
|
Report Date : |
31.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
CAPITAL CITY SERVICE LTD. |
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Registered Office : |
54 Clarendon Road Watford, WD17 1DU |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
04.03.2003 |
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Com. Reg. No.: |
04686010 |
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Legal Form : |
Private Independent |
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line of business
: |
Telecommunication services. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to ?325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).
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Source
: CIA |
Company name & address
CAPITAL CITY SERVICE LTD.
54 Clarendon Road
Watford, WD17 1DU
United Kingdom
Employees: NA
Company Type: Private
Independent
Quoted Status: Non-quoted
Company
Incorporation Date: 04-Mar-2003
Auditor: Caudex Corporate
Auditors Ltd
Financials in: USD
(Millions)
Fiscal Year End: 31-Mar-2011
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Total Assets: 5.4
Business Description
Telecommunication services.
Industry
|
Industry |
Communications Services |
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ANZSIC 2006: |
58 - Telecommunications Services |
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NACE 2002: |
6420 - Telecommunications |
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NAICS 2002: |
517 - Telecommunications |
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UK SIC 2003: |
6420 - Telecommunications |
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US SIC 1987: |
481 - Telephone Communications |
Key Executives
|
Name |
Title |
|
Rita Savocikin |
Secretary |
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Alexandru Taracanov |
Director |
News
|
Title |
Date |
|
Thug's club
secret |
18-Mar-2012 |
Financial Summary
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FYE: 31-Mar-2011 |
USD (mil) |
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Key Figures |
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Current Assets |
5.06 |
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Fixed Assets |
0.34 |
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Total Liabilities |
4.96 |
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Net Worth |
0.44 |
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Key Ratios |
|
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Current Ratio |
1.02 |
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Acid Test |
1.02 |
Registered No.(UK): 04686010
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6238497
Location
54 Clarendon Road
Watford, WD17 1DU
Hertfordshire County
United Kingdom
Sales GBP(mil): NA
Assets GBP(mil): 3.4
Employees: NA
Fiscal Year End: 31-Mar-2011
Industry: Communications
Services
Registered Address:
54 Clarendon Road
Watford, WD17 1DU
United Kingdom
Incorporation Date: 04-Mar-2003
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(UK): 04686010
Director: Alexandru
Taracanov
Industry
Codes
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ANZSIC 2006 Codes: |
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58 |
- |
Telecommunications Services |
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NACE 2002 Codes: |
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6420 |
- |
Telecommunications |
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NAICS 2002 Codes: |
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517 |
- |
Telecommunications |
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US SIC 1987: |
||
|
481 |
- |
Telephone Communications |
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UK SIC 2003: |
||
|
6420 |
- |
Telecommunications |
Business
Description
Telecommunication services.
Financial
Data
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Financials in: |
GBP(mil) |
1 Year Growth |
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Assets: |
3.4 |
NA |
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Current Assets: |
3.2 |
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Fixed Assets: |
0.2 |
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Long Term Debt: |
0.0 |
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Total Liabilities: |
3.1 |
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Issued Capital: |
0.0 |
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Working Capital: |
0.1 |
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Net Worth: |
0.3 |
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Date of Financial Data: |
31-Mar-2011 |
Key Corporate Relationships
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Auditor: |
Caudex Corporate Auditors Ltd |
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Auditor: |
Caudex Corporate Auditors Ltd |
Gazette
Status
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Description |
Action Date |
Publication |
Publication Date |
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Striking Off Notice Discontinued |
16-Jan-2010 |
Companies House |
16-Jan-2010 |
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Striking Off Notice |
30-Dec-2009 |
Companies House |
12-Jan-2010 |
Board of Directors
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Director |
Director/Board Member |
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Executives
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Secretary |
Company Secretary |
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Directors
and Shareholders Report
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Main Office Address: |
Annual Return Date: 31 Jul 2012 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
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Current |
19 Mar 1970 |
13 Trifan Balta Street, |
04 Mar 2003 |
NA |
Current:2 |
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Current |
08 Mar 1953 |
110 C. Brincusi Str., Appt 24, |
04 Mar 2003 |
NA |
Current:1 |
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Corporate
Directors
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There are no corporate directors for this company. |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of
Directorships |
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Current |
19 Mar 1970 |
13 Trifan Balta Street, |
01 Aug 2007 |
NA |
Current:2 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Cls Secretaries Limited |
Previous |
Drake Chambers, Road Town, |
04 Mar 2003 |
01 Aug 2007 |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Alexander Tarakanov |
500 Ordinary GBP 1.00 |
Ordinary |
500 |
1.00 |
500.00 |
50.00 |
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Sergey Savochkin |
500 Ordinary GBP 1.00 |
Ordinary |
500 |
1.00 |
500.00 |
50.00 |
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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)
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|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
USD |
USD |
|
Exchange Rate (Period
Average) |
0.643394 |
0.627794 |
0.592803 |
1 |
1 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.0 |
0.1 |
0.1 |
0.1 |
0.1 |
Annual
Balance Sheet
Financials in: USD (mil)
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|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
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Filed Currency |
GBP |
GBP |
GBP |
USD |
USD |
|
Exchange Rate |
0.62385 |
0.659239 |
0.697666 |
1 |
1 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Tangible Fixed Assets |
0.3 |
0.3 |
0.2 |
0.5 |
0.4 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.3 |
0.3 |
0.2 |
0.5 |
0.4 |
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Stocks |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Stocks Work In Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Debtors |
3.7 |
3.2 |
3.6 |
1.7 |
3.6 |
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Cash and Equivalents |
1.3 |
0.1 |
0.1 |
0.1 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
5.1 |
3.3 |
3.7 |
1.8 |
3.7 |
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Total Assets |
5.4 |
3.6 |
3.9 |
2.3 |
4.1 |
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Other Current Liabilities |
5.0 |
3.4 |
3.6 |
1.2 |
3.9 |
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Total Current Liabilities |
5.0 |
3.4 |
3.6 |
1.2 |
3.9 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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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 |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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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 |
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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 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
0.4 |
0.3 |
0.3 |
1.1 |
0.1 |
|
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 |
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Total Shareholders Funds |
0.4 |
0.3 |
0.3 |
1.1 |
0.2 |
|
Net Worth |
0.4 |
0.3 |
0.3 |
1.1 |
0.2 |
Annual
Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
USD |
USD |
|
Exchange Rate (Period
Average) |
0.643394 |
0.627794 |
0.592803 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual
Ratios
Financials in: USD (mil)
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
USD |
USD |
|
Exchange Rate |
0.62385 |
0.659239 |
0.697666 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
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|
Current Ratio |
1.02 |
1.00 |
1.02 |
1.46 |
0.93 |
|
Liquidity Ratio |
1.02 |
1.00 |
1.02 |
1.46 |
0.93 |
|
Equity Gearing |
8.13% |
7.48% |
6.77% |
47.21% |
3.70% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.65 |
|
UK Pound |
1 |
Rs.88.10 |
|
Euro |
1 |
Rs.69.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.