MIRA
INFORM REPORT
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Name :
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NIKTANYA INTERNATIONAL LIMITED
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Registered Office :
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C/O Thb The Courtyard, High Street, Chobham, Surrey, Gu24 8af.
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Country :
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United Kingdom
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Financials (as on) :
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30.04.2011
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Date of Incorporation :
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03.03.2005
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Com. Reg. No.:
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05382251
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Legal Form :
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Private Limited
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Line of Business :
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Other service activities
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No. of Employees :
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Not Available
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RATING
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STATUS
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PROPOSED CREDIT LINE
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26-40
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B
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Capability to overcome financial difficulties seems comparatively
below average.
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Small
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Status :
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Moderate
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Payment Behaviour :
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Slow but correct
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Litigation :
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Clear
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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 – June 30th, 2012
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Country Name
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Previous Rating
(31.03.2011)
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Current Rating
(30.06.2012)
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United Kingdom
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A1
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A1
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Risk Category
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ECGC
Classification
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Insignificant
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A1
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Low
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A2
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Moderate
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B1
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High
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B2
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Very High
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C1
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Restricted
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C2
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Off-credit
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D
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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).
Source
: CIA
Company Identification Details
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Subject Reported on
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NIKTANYA INTERNATIONAL LIMITED
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Registration Number
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05382251
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Official Company Data
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Legal Form
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Private Limited
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Registration Number
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05382251
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Subject Status
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Trading
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Date of Incorporation
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03/03/2005
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Registered Office
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C/O THB THE COURTYARD, HIGH STREET, CHOBHAM, SURREY, GU24 8AF.
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History
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14/04/2011
: The Registered Office address changed from C/O THB ASSOCIATES LIMITED,
THE COURTYARD, HI.
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Date of Last Annual Return to Registry
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03/03/2012
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Accounts
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The last filed accounts at Companies House are those to 30/04/2011
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Accounting Reference Date
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30/04
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Operations
Previous Searches
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Last 3 Months
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Last 6 Months
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Last 12 Months
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0
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1
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1
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Search History Details
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The Search History Details shows details of the most recent 40
searches
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Date
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Description
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10/09/2012
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Miscellaneous
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Public Record Information
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Summary of CCJ's/Scottish Decrees
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Period
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Last 72 Months
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Amount Summary
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192
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Count Summary
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1
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Unsettled Amount Summary
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192
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Highest Amount Summary
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192
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0
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0
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Details of the most recent CCJ's/Scottish Decrees
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Date
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Amount
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Type
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Case No
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Satisfied
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Court
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07/06/2007
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192
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Judgment
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7XH09130
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NORTHAMPTON CCBC
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Summary of Mortgages, Charges
and Satisfactions
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Total Number of Mortgages/Charges Registered
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1
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Number Outstanding
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1
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Number Partially Satisfied
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0
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Number Satisfied
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0
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Date of Latest Mortgage Created
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29/11/2011
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Details of most recent Mortgages, Charges and Satisfactions
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Date Fully
Satisfied
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Date
Registered
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Date
Created
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Charge
Description
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Form Type
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Lender
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01/12/2011
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29/11/2011
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Debenture
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MG01
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Hsbc Bank Plc
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House.
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Other Filings and Notices
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04/01/2012
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Companies House Gazette
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All documents required to be delivered to the registrar under
section 441 (annual accounts and reports)
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05/03/2010
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Companies House Gazette
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Notification of any change among the company's directors
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04/03/2010
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Companies House Gazette
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Notification of any change among the company's directors
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10/03/2005
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Companies House Gazette
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Change among directors of a company
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04/03/2005
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Companies House Gazette
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Change among directors of a company
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Company Secretary
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Secretary
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ANN FLETCHER
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Service Address
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78
GREENFIELD AVENUE, SURBITON, SURREY, KT5
9HS.
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Country of Origin
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UNITED
KINGDOM
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Appointment Date
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03/03/2005
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Directors
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Director
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SANJIV KHANNA
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Service Address
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501 EASSA HUSSAIN ALI YOUSAF, AL MAJAZ ADEA, SHARJAH.
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Country of Origin
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INDIA
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Date of Birth
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16/08/1962
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Appointment Date
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03/03/2005
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Director
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PIETRO INTRANOVA
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Service Address
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28 KINGS
DRIVE, SURBITON, SURREY, KT5 8NG.
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Country of Origin
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UNITED
KINGDOM
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Date of Birth
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20/06/1965
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Appointment Date
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18/09/2009
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Other Directorships
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GENETRANS LIMITED
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Share Capital
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Shares
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Ordinary GBP 1.00
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Issued Number
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2
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Principal Shareholder
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1 SanjivKhanna
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1 PietroIntranova
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The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type.
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Financial Data– Statutory Accounts
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For annual accounts images, view the
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The following figures are shown in units of 1000
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Number of Weeks
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52
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52
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Accounts Date
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30/04/2011
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31/03/2010
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Currency
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GBP
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GBP
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TOTAL CURRENT ASSETS
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2013
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2
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Trade debtors
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1666
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Other Current Assets
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347
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2
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Cash
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347
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2
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TOTAL ASSETS
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2013
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2
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TOTAL CURRENT LIABILITIES
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1896
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1
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Trade creditors
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1896
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1
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WORKING CAPITAL
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117
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1
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NET ASSETS/(LIABILITIES)
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117
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1
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SHARE CAPITAL + RESERVES
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117
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1
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Profit and Loss account
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117
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1
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SHAREHOLDERS FUNDS
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117
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1
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CAPITAL EMPLOYED
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117
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1
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The following figures are shown in units of 1000
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Number of Weeks
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52
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52
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Accounts Date
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30/04/2011
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31/03/2010
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Currency
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GBP
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GBP
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Liquid Assets
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2013
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2
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Net Working Capital
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117
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1
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Tangible Net Worth(T.N.W)
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117
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1
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Equity
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117
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1
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Number of Years Trading
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6
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5
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The following figures are shown as Ratios or Percentages
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Accounts Date
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30/04/2011
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31/03/2010
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Current Ratio
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1.1
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2
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Quick Ratio
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1.1
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2
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T.N.W/Total Assets%
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5.8
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50
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Equity Gearing%
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6.2
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100
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Key Industry Sector Trends
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Year
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2012
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2011
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2010
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2009
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Sample Size
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23048
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60688
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56076
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52315
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Pre-Tax Profit Margin
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11.6
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9.7
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9.8
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11.1
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Current Ratio
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1.4
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1.3
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1.4
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1.4
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Borrowing Ratio
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52.6
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24.2
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9
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6.2
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Return on Capital
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56.1
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46.9
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57.7
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63.8
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Creditors Days
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149
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161
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193
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194
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Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Other service activities
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Financial Summary
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Auditors Qualification
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The company has taken advantage of exemptions
under the Companies Act such that the accounts have not been audited or
examined.
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No Turnover
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The company's balance sheet total is
less than GBP 5,600,000 and is a medium sized company as defined by the
Companies Act. It is not required to disclose turnover but it is likely to
be in the range of GBP 2,800,000 - GBP 11,200,000.
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No Pre-Tax Profit
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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 116,000
increase. This suggests that the Company may have made a post-tax profit of
GBP 116,000.
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Working Capital
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The company's working capital has
increased by 11,600 % in the period.
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Currency
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Unit
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Indian Rupees
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US Dollar
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1
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Rs.54.85
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UK Pound
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1
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Rs.88.39
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Euro
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1
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Rs.72.63
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RATING
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STATUS
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PROPOSED CREDIT LINE
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>86
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Aaa
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Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums
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Unlimited
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71-85
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Aa
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Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums
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Large
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56-70
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A
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Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums
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Fairly Large
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41-55
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Ba
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Overall operation is considered normal. Capable to meet normal
commitments.
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Satisfactory
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26-40
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B
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Capability to overcome financial difficulties seems comparatively
below average.
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Small
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11-25
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Ca
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Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity
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Limited with full
security
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<10
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C
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Absolute credit risk exists. Caution needed to be exercised
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Credit not
recommended
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--
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NB
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New Business
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--
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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.
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