MIRA
INFORM REPORT
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Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
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Name : |
MUUBAA LTD. |
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Registered Office : |
The Leather Shed Unit 58 Mill Mead Road London, N17 9QU |
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Country : |
United Kingdom |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
17.02.1981 |
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Com. Reg. No.: |
01546128 |
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Legal Form : |
Private Independent |
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Line of Business : |
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No. of Employees : |
22 |
RATING & COMMENTS
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MIRAs 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 : |
No Complaints |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 |
Company name and address
Muubaa Ltd.
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Business
Description
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Manufacture, wholesaling and retailing of suede, leather and sheepskin
garments and lifestyle products. |
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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US SIC 1987: |
Key Executives (Emails Available)
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News
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Financial
Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6487866
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6243172
Corporate Overview
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Executives Report
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Directors and Shareholders Report
Annual
Return Date: 31 Dec 2011
Total Issued Capital (GBP 000): 110
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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 |
08 Aug 1965 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
14 Jul 1994 |
NA |
Current:2 |
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Current |
10 Jan 1933 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
31 Dec 1991 |
NA |
Current:1 |
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Current |
04 Aug 1980 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
02 Jun 2011 |
NA |
Current:1 |
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Current |
17 Feb 1976 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
25 Jul 2005 |
NA |
Current:1 |
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Previous |
02 Sep 1959 |
51 Beech Avenue, |
03 Nov 2000 |
31 Jul 2003 |
Current:0 |
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Previous |
01 Nov 1967 |
196B Ladbroke Grove, |
01 Feb 2003 |
30 Jun 2004 |
Current:0 |
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Previous |
06 Nov 1940 |
The Pantiles, 34 Eastbury Road, |
31 Dec 1991 |
29 Apr 2002 |
Current:0 |
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Previous |
04 Apr 1968 |
17 Suffolk Close, London Colney, |
07 Apr 1998 |
22 Jul 2005 |
Current:2 |
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Previous |
29 Mar 1963 |
85 Burnthwaite Road, |
25 Jul 2005 |
30 Dec 2006 |
Current:0 |
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Previous |
29 Sep 1971 |
First Floor 69 High Street, |
06 Jul 2004 |
04 Aug 2006 |
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 |
08 Aug 1965 |
The Leather Shed Unit 58 Mill Mead Road, Milmead Industrial Centre, |
09 Apr 2009 |
NA |
Current:2 |
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|
Previous |
NA |
79 Carlton House, Canterbury Terrace Kilburn, |
06 Jul 2004 |
09 Apr 2009 |
Current:0 |
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Previous |
06 Nov 1940 |
The Pantiles, 34 Eastbury Road, |
31 Dec 1991 |
05 Jul 2004 |
Current:0 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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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 |
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Gwenda Patricia Sacks |
53333 Ordinary GBP 1.00 |
Ordinary |
53,333 |
1.00 |
53,333.00 |
48.48 |
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S Sacks |
3333 Ordinary GBP 1.00 |
Ordinary |
3,333 |
1.00 |
3,333.00 |
3.03 |
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Wallace Harold Sacks |
53334 Ordinary GBP 1.00 |
Ordinary |
53,334 |
1.00 |
53,334.00 |
48.49 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Profit & Loss
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Jan-2011 |
31-Jan-2010 |
31-Jul-2008 |
31-Jul-2007 |
31-Jul-2006 |
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Period Length |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.648787 |
0.635292 |
0.500129 |
0.513635 |
0.560247 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
- |
- |
16.8 |
14.8 |
16.1 |
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Turnover (Exports) |
- |
- |
2.7 |
2.3 |
1.5 |
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Total Turnover |
12.9 |
22.6 |
19.5 |
17.1 |
17.6 |
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Cost of Sales |
9.1 |
16.8 |
13.6 |
12.0 |
12.8 |
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Gross Profit |
3.8 |
5.8 |
5.9 |
5.0 |
4.9 |
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Depreciation |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
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Other Expenses |
3.7 |
5.8 |
6.8 |
5.6 |
4.8 |
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Operating Profit |
0.1 |
- |
- |
- |
0.1 |
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Other Income |
0.0 |
0.1 |
1.3 |
0.7 |
0.0 |
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Interest Paid |
0.0 |
0.1 |
0.1 |
0.1 |
0.0 |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Profit Before Taxes |
0.0 |
0.0 |
0.3 |
0.1 |
0.0 |
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Tax Payable / Credit |
0.0 |
0.0 |
0.1 |
0.0 |
0.0 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Profit After Taxes |
0.0 |
0.0 |
0.2 |
0.0 |
0.0 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Non Audit Fees |
0.0 |
0.0 |
0.0 |
- |
- |
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Number of Employees |
22 |
35 |
47 |
40 |
36 |
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Wages |
1.2 |
2.5 |
2.5 |
2.3 |
2.0 |
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Social Security Costs |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
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Pensions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Employees Remuneration |
1.3 |
2.8 |
2.8 |
2.5 |
2.2 |
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Directors Emoluments |
0.3 |
0.6 |
0.5 |
0.4 |
0.5 |
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Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Directors Remuneration |
0.3 |
0.6 |
0.5 |
0.5 |
0.5 |
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Highest Paid Director |
0.2 |
0.4 |
0.3 |
0.2 |
0.2 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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|
31-Jan-2011 |
31-Jan-2010 |
31-Jul-2008 |
31-Jul-2007 |
31-Jul-2006 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.624317 |
0.624064 |
0.504821 |
0.492114 |
0.535604 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Fixtures & Fittings |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
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Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Tangible Fixed Assets |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
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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 |
0.1 |
0.2 |
0.2 |
0.2 |
0.2 |
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Stocks |
2.7 |
3.0 |
5.1 |
5.0 |
3.9 |
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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 |
2.7 |
3.0 |
5.1 |
5.0 |
3.9 |
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Trade Debtors |
3.2 |
1.3 |
2.5 |
2.0 |
2.2 |
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Inter-Company Debtors |
- |
0.0 |
0.0 |
0.0 |
- |
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Director Loans |
- |
0.0 |
0.0 |
0.0 |
- |
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Other Debtors |
0.2 |
0.1 |
0.1 |
0.2 |
0.2 |
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Total Debtors |
3.4 |
1.4 |
2.5 |
2.2 |
2.4 |
|
Cash and Equivalents |
0.2 |
0.0 |
0.0 |
0.1 |
0.2 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
6.2 |
4.4 |
7.6 |
7.3 |
6.5 |
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Total Assets |
6.4 |
4.6 |
7.8 |
7.5 |
6.7 |
|
Trade Creditors |
0.8 |
0.3 |
1.2 |
1.4 |
2.3 |
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Bank Overdraft |
2.7 |
1.8 |
2.2 |
1.3 |
1.5 |
|
Hire Purchase (Current Liability) |
- |
0.0 |
0.0 |
- |
- |
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Finance Lease (Current Liability) |
- |
0.0 |
0.0 |
- |
- |
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Total Finance Lease/Hire Purchase (Current Liability) |
- |
0.0 |
0.0 |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
0.8 |
0.2 |
1.4 |
2.0 |
0.5 |
|
Social Security/VAT |
0.0 |
0.5 |
0.1 |
0.2 |
0.1 |
|
Corporation Tax |
- |
- |
0.1 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Liabilities |
4.6 |
2.9 |
5.1 |
4.9 |
4.4 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
|
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 |
|
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 |
|
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 |
0.2 |
0.2 |
0.2 |
0.2 |
0.2 |
|
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 |
1.6 |
1.6 |
2.5 |
2.3 |
2.1 |
|
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 |
|
Total Shareholders Funds |
1.8 |
1.8 |
2.7 |
2.6 |
2.3 |
|
Net Worth |
1.8 |
1.8 |
2.7 |
2.6 |
2.3 |
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Annual Cash
Flows |
|
Financials in:
USD (mil) |
|
|
31-Jan-2011 |
31-Jan-2010 |
31-Jul-2008 |
31-Jul-2007 |
31-Jul-2006 |
|
Period Length |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.648787 |
0.635292 |
0.500129 |
0.513635 |
0.560247 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
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|
Net Cash Flow From Operating Activities |
-0.7 |
0.3 |
-1.0 |
0.3 |
-0.3 |
|
Net Cash Flow from ROI and Servicing of Finance |
0.0 |
-0.1 |
-0.1 |
0.0 |
0.0 |
|
Taxation |
0.1 |
0.0 |
0.0 |
0.0 |
-0.2 |
|
Capital Expenditures |
0.0 |
-0.1 |
0.0 |
0.0 |
-0.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Increase in Cash |
-0.7 |
0.0 |
-1.1 |
0.2 |
-0.6 |
|
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Annual Ratios |
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Jan-2011 |
31-Jan-2010 |
31-Jul-2008 |
31-Jul-2007 |
31-Jul-2006 |
|
Period Length |
52 Weeks |
78 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.624317 |
0.624064 |
0.504821 |
0.492114 |
0.535604 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.36 |
1.56 |
1.50 |
1.49 |
1.48 |
|
Liquidity Ratio |
0.78 |
0.50 |
0.50 |
0.46 |
0.59 |
|
Stock Turnover |
5.02 |
5.06 |
3.80 |
3.57 |
4.71 |
|
Credit Period (Days) |
87.88 |
30.24 |
46.48 |
41.54 |
43.91 |
|
Working Capital by Sales |
12.38% |
10.39% |
13.21% |
13.31% |
11.39% |
|
Trade Credit by Debtors |
0.24 |
0.25 |
0.51 |
0.69 |
1.03 |
|
Return on Capital |
1.36% |
0.61% |
10.44% |
2.75% |
1.36% |
|
Return on Assets |
0.39% |
0.24% |
3.66% |
0.95% |
0.47% |
|
Profit Margin |
0.18% |
0.07% |
1.48% |
0.40% |
0.17% |
|
Return on Shareholders Funds |
1.36% |
0.61% |
10.47% |
2.75% |
1.36% |
|
Borrowing Ratio |
148.74% |
101.92% |
82.89% |
48.71% |
63.71% |
|
Equity Gearing |
28.34% |
38.50% |
34.96% |
34.49% |
34.62% |
|
Debt Gearing |
- |
- |
0.29% |
- |
- |
|
Interest Coverage |
0.57 |
0.17 |
3.17 |
1.31 |
0.65 |
|
Sales by Tangible Assets |
93.55 |
79.91 |
99.42 |
87.74 |
82.58 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.6 |
0.4 |
0.4 |
0.4 |
0.5 |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.3 |
0.1 |
0.2 |
0.2 |
0.2 |
|
Employee Remuneration by Sales |
10.42% |
12.19% |
14.33% |
14.81% |
12.60% |
|
Creditor Days (Cost of Sales Based) |
30.18 |
10.09 |
33.73 |
40.68 |
62.69 |
|
Creditor Days (Sales Based) |
21.33 |
7.51 |
23.53 |
28.73 |
45.41 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.68 |
|
|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.63.57 |
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 SCs 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.