MIRA
INFORM REPORT
|
Report Date : |
09.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SANJEEV 1979 LIMITED |
|
|
|
|
Formerly Known As : |
PACE INDUSTRIES LIMITED |
|
|
|
|
Registered Office : |
140 Cheetham Hill Road Manchester M8 8pz |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2010 |
|
|
|
|
Date of Incorporation : |
30.05.1996 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Clothing & Footwear |
|
|
|
|
No. of Employees : |
151 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
£90,000 |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
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
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
REGISTERED NAME & COMPANY
SUMMARY
|
Company Name |
SANJEEV 1979 LIMITED |
Company Number |
03205716 |
|
|
|
Safe Number |
UK02864510 |
|
Registered Address |
140 CHEETHAM HILL ROAD |
Trading Address |
140 Cheetham Hill Road |
|
|
MANCHESTER |
|
|
|
|
M8 8PZ |
|
|
|
|
|
|
|
|
Trading Address |
Unit 4-7 Pk Royal
Genesis Whitby Ave |
|
|
|
Website Address |
- |
|
|
|
Telephone Number |
01618352064 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation Date |
30/05/1996 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
PACE INDUSTRIES LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
02/08/1996 |
Filing Date of Accounts |
12/01/2011 |
|
|
|
Share Capital |
£2 |
|
SIC03 |
5142 |
Currency |
GBP |
|
SIC03 Description |
WHOLESALE OF CLOTHING & FOOTWEAR |
||
|
SIC07 |
46420 |
||
|
SIC07 Description |
WHOLESALE OF CLOTHING AND FOOTWEAR |
||
|
Principal Activity |
Wholesale of garments. |
||
CREDIT recommendation
Current Credit Limit: £90,000
DIRECTORS/MANAGEMENT
|
Total Current Directors |
5 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
2 |
Current Directors
|
Name |
Date of Birth |
26/11/1949 |
|
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
20/10/2010 |
|
|
|
Address |
140 Cheetham Hill Road, Manchester, , M8 8PZ |
|
|
|
|
|
|
|
|
Name |
Date of Birth |
26/05/1950 |
|
|
Officers Title |
|
Nationality |
Indian |
|
Present Appointments |
7 |
Function |
Director |
|
Appointment Date |
12/05/1998 |
|
|
|
Address |
9 Weston Road, , Wilmslow, SK9 2AN |
||
|
|
|
|
|
|
Name |
Date of Birth |
04/07/1979 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
11 |
Function |
Director |
|
Appointment Date |
30/06/2010 |
|
|
|
Address |
140 Cheetham Hill Road, Manchester, , M8 8PZ |
||
|
|
|
|
|
|
Name |
Date of Birth |
29/06/1981 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
02/08/1996 |
|
|
|
Address |
9 Weston Road, , Wilmslow, SK9 2AN |
||
|
|
|
|
|
|
Name |
Date of Birth |
14/02/1958 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
05/09/1999 |
|
|
|
Address |
9 Weston Road, , Wilmslow, SK9 2AN |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
04/07/1979 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
11 |
Function |
Company Secretary |
|
Appointment Date |
02/08/1996 |
|
|
|
Address |
9 Weston Road, , Wilmslow, SK9 2AN |
||
|
|
|
|
|
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
146 |
2218 |
|
|
134 |
2230 |
NEGATIVE INFORMATION
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has increased from 26 to 63 which
indicates good creditworthiness. |
|
|
There has been no significant change in the company's credit limit. |
|
|
Sales in the latest trading period increased 42.1% on the previous
trading period. |
|
|
Net Worth increased by 34.7% during the latest trading period. |
|
|
A 39.8% growth in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits increased by 395.5% compared to the previous trading
period. |
|
|
The company saw an increase in their Cash Balance of 88.3% during the
latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
The company has undergone recent changes in its directorships. |
|
|
The company is not part of a group. |
|
|
The company was established over 15 years ago. |
|
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Individual Share Value |
|
SANJEEV KUMAR |
1 ORDINARY GBP 1.00 |
|
RAJEEV KUMAR |
1 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
|
Total Value |
- |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Summary
|
Group structure
No group structure
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/06/2010 |
£27,059,420 |
£974,546 |
£2,170,274 |
151 |
|
30/06/2009 |
£19,038,668 |
-£329,784 |
£1,610,965 |
51 |
|
30/06/2008 |
£21,202,397 |
£1,380,490 |
£2,043,886 |
46 |
Profit & Loss
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£27,059,420 |
42.1% |
£19,038,668 |
-10.2% |
£21,202,397 |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
£16,345,804 |
- |
£16,158,321 |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
£2,692,864 |
-46.6% |
£5,044,076 |
58.3% |
£3,186,534 |
11.2% |
£2,865,348 |
|
Wages & Salaries |
£2,020,583 |
115% |
£939,966 |
-46.3% |
£1,751,161 |
117.7% |
£804,265 |
16.6% |
£689,552 |
|
Directors Emoluments |
£426,113 |
475.8% |
£74,000 |
-88.2% |
£626,975 |
324.2% |
£147,803 |
22.9% |
£120,287 |
|
Operating Profit |
£1,068,346 |
488.6% |
-£274,916 |
-119.4% |
£1,414,492 |
483.8% |
£242,301 |
-62.1% |
£639,963 |
|
Depreciation |
£100,631 |
-2.5% |
£103,166 |
14.2% |
£90,335 |
3% |
£87,683 |
-7.6% |
£94,916 |
|
Audit Fees |
£16,500 |
10% |
£15,000 |
3.4% |
£14,500 |
-3% |
£14,950 |
25.4% |
£11,920 |
|
Interest Payments |
£96,657 |
1.4% |
£95,298 |
22% |
£78,097 |
-13.5% |
£90,263 |
-9.1% |
£99,350 |
|
Pre Tax Profit |
£974,546 |
395.5% |
-£329,784 |
-123.9% |
£1,380,490 |
548% |
£213,033 |
-62% |
£560,896 |
|
Taxation |
-£296,237 |
-383% |
£104,663 |
120.6% |
-£508,211 |
-399.2% |
-£101,815 |
41.6% |
-£174,455 |
|
Profit After Tax |
£678,309 |
401.3% |
-£225,121 |
-125.8% |
£872,279 |
684.3% |
£111,218 |
-71.2% |
£386,441 |
|
Dividends Payable |
£119,000 |
-42.7% |
£207,800 |
- |
- |
- |
- |
-100% |
£76,000 |
|
Retained Profit |
£559,309 |
229.2% |
-£432,921 |
-149.6% |
£872,279 |
684.3% |
£111,218 |
-64.2% |
£310,441 |
Balance Sheet
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Tangible Assets |
£2,306,030 |
-3.7% |
£2,393,592 |
14.5% |
£2,090,106 |
35.8% |
£1,538,559 |
-3.5% |
£1,594,530 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£2,306,030 |
-3.7% |
£2,393,592 |
14.5% |
£2,090,106 |
35.8% |
£1,538,559 |
-3.5% |
£1,594,530 |
|
Stock |
£1,554,983 |
56.7% |
£992,033 |
47.1% |
£674,445 |
-25.8% |
£909,280 |
39.1% |
£653,654 |
|
Trade Debtors |
£5,731,279 |
52.6% |
£3,756,603 |
-15.2% |
£4,427,703 |
27.1% |
£3,484,808 |
-6.7% |
£3,736,580 |
|
Cash |
£1,699,716 |
88.3% |
£902,850 |
-44.3% |
£1,619,566 |
41.8% |
£1,142,421 |
27.3% |
£897,713 |
|
Other Debtors |
£308,832 |
23.4% |
£250,314 |
-31.5% |
£365,209 |
47.1% |
£248,264 |
156.4% |
£96,838 |
|
Miscellaneous Current Assets |
£10,150 |
- |
£10,150 |
- |
£10,150 |
- |
£10,150 |
- |
£10,150 |
|
Total Current Assets |
£9,304,960 |
57.4% |
£5,911,950 |
-16.7% |
£7,097,073 |
22.5% |
£5,794,923 |
7.4% |
£5,394,935 |
|
Trade Creditors |
£5,652,564 |
69% |
£3,344,529 |
-12.9% |
£3,840,815 |
0.5% |
£3,823,007 |
47% |
£2,600,300 |
|
Bank Loans & Overdrafts |
£1,894,694 |
46.3% |
£1,294,734 |
115.6% |
£600,461 |
31.1% |
£458,128 |
-65% |
£1,309,902 |
|
Other Short Term Finance |
£845,908 |
14% |
£741,885 |
999.9% |
£25,338 |
-33.2% |
£37,904 |
-36.7% |
£59,922 |
|
Miscellaneous Current Liabilities |
£365,525 |
-30.6% |
£526,890 |
-70.9% |
£1,811,093 |
45.7% |
£1,242,621 |
-3.4% |
£1,286,402 |
|
Total Current Liabilities |
£8,758,691 |
48.3% |
£5,908,038 |
-5.9% |
£6,277,707 |
12.9% |
£5,561,660 |
5.8% |
£5,256,526 |
|
Bank Loans & Overdrafts and LTL |
£2,576,719 |
23.8% |
£2,081,273 |
42% |
£1,466,047 |
38.5% |
£1,058,343 |
-46.6% |
£1,982,452 |
|
Other Long Term Finance |
£77,932 |
-20.1% |
£97,486 |
2.4% |
£95,227 |
151.2% |
£37,904 |
- |
0 |
|
Total Long Term Liabilities |
£682,025 |
-13.3% |
£786,539 |
-9.1% |
£865,586 |
44.2% |
£600,215 |
-10.8% |
£672,550 |
Capital & Reserves
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Called Up Share Capital |
£2 |
- |
£2 |
- |
£2 |
- |
£2 |
- |
£2 |
|
P & L Account Reserve |
£2,170,272 |
34.7% |
£1,610,963 |
-21.2% |
£2,043,884 |
74.5% |
£1,171,605 |
10.5% |
£1,060,387 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£2,170,274 |
34.7% |
£1,610,965 |
-21.2% |
£2,043,886 |
74.5% |
£1,171,607 |
10.5% |
£1,060,389 |
Other Financial Items
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Net Worth |
£2,170,274 |
34.7% |
£1,610,965 |
-21.2% |
£2,043,886 |
74.5% |
£1,171,607 |
10.5% |
£1,060,389 |
|
Working Capital |
£546,269 |
999.9% |
£3,912 |
-99.5% |
£819,366 |
251.3% |
£233,263 |
68.5% |
£138,409 |
|
Total Assets |
£11,610,990 |
39.8% |
£8,305,542 |
-9.6% |
£9,187,179 |
25.3% |
£7,333,482 |
4.9% |
£6,989,465 |
|
Total Liabilities |
£9,440,716 |
41% |
£6,694,577 |
-6.3% |
£7,143,293 |
15.9% |
£6,161,875 |
3.9% |
£5,929,076 |
|
Net Assets |
£2,170,274 |
34.7% |
£1,610,965 |
-21.2% |
£2,043,886 |
74.5% |
£1,171,607 |
10.5% |
£1,060,389 |
Cash Flow
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Net Cashflow from Operations |
£1,115,148 |
292.3% |
-£579,888 |
-155.6% |
£1,043,006 |
-22.5% |
£1,345,537 |
63.3% |
£824,010 |
|
Net Cashflow before Financing |
£299,983 |
122.5% |
-£1,334,944 |
-999.9% |
£77,509 |
-93.3% |
£1,160,472 |
208.3% |
-£1,071,121 |
|
Net Cashflow from Financing |
-£103,077 |
-35.5% |
-£76,045 |
-125.8% |
£294,930 |
604.2% |
-£58,490 |
-108.5% |
£690,966 |
|
Increase in Cash |
£196,906 |
114% |
-£1,410,989 |
-478.9% |
£372,439 |
-66.2% |
£1,101,982 |
389.9% |
-£380,155 |
Miscellaneous
|
Date Of Accounts |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
(%) |
30/06/06 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£2,852,299 |
19% |
£2,397,504 |
-17.6% |
£2,909,472 |
64.2% |
£1,771,822 |
2.2% |
£1,732,939 |
|
Number of Employees |
151 |
196.1% |
51 |
10.9% |
46 |
27.8% |
36 |
5.9% |
34 |
|
Auditors |
MITCHELL CHARLESWORTH |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
Bank Branch Code |
20-55-34 |
||||||||
Ratios
|
Date Of Accounts |
30/06/10 |
30/06/09 |
30/06/08 |
30/06/07 |
30/06/06 |
|
Pre-tax profit margin % |
3.60 |
-1.73 |
6.51 |
- |
- |
|
Current ratio |
1.06 |
1 |
1.13 |
1.04 |
1.03 |
|
Sales/Net Working Capital |
49.53 |
4866.74 |
25.88 |
- |
- |
|
Gearing % |
118.70 |
129.20 |
71.70 |
90.30 |
187 |
|
Equity in % |
18.70 |
19.40 |
22.20 |
16 |
15.20 |
|
Creditor Days |
76.03 |
63.94 |
65.93 |
- |
- |
|
Debtor Days |
77.09 |
71.82 |
76.01 |
- |
- |
|
Liquidity/Acid Test |
0.88 |
0.83 |
1.02 |
0.88 |
0.90 |
|
Return On Capital Employed % |
34.16 |
-13.75 |
47.44 |
12.02 |
32.37 |
|
Return On Total Assets Employed % |
8.39 |
-3.97 |
15.02 |
2.90 |
8.02 |
|
Current Debt Ratio |
4.03 |
3.66 |
3.07 |
4.74 |
4.95 |
|
Total Debt Ratio |
4.35 |
4.15 |
3.49 |
5.25 |
5.59 |
|
Stock Turnover Ratio % |
5.74 |
5.21 |
3.18 |
- |
- |
|
Return on Net Assets Employed % |
44.90 |
-20.47 |
67.54 |
18.18 |
52.90 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Mortgage Summary
|
Outstanding |
7 |
|
Satisfied |
4 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
03/06/2011 |
Annual Returns |
|
20/01/2011 |
New Accounts Filed |
|
20/01/2011 |
New Accounts Filed |
|
27/10/2010 |
New Board Member Mr B. Kumar appointed |
|
26/10/2010 |
New Board Member Mr S. Kumar appointed |
|
09/06/2010 |
Annual Returns |
|
14/04/2010 |
New Accounts Filed |
|
14/04/2010 |
New Accounts Filed |
|
04/06/2009 |
Annual Returns |
|
12/05/2009 |
New Accounts Filed |
|
17/06/2008 |
Annual Returns |
|
07/05/2008 |
New Accounts Filed |
|
27/07/2007 |
New Accounts Filed |
|
11/06/2006 |
New Accounts Filed |
|
19/05/2005 |
New Accounts Filed |
Previous Company Names
|
Date |
Previous Name |
Companies House Documents |
|
02/08/1996 |
PACE INDUSTRIES LIMITED |
Mortgage Details
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
04/08/10 |
|
|
|
Date Charge Registered: |
14/08/10 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
F/H PROPERTY K/A 13 STOCKS STREET CHEETHAM |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
04/04/08 |
|
|
|
Date Charge Registered: |
15/04/08 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
ROYAL BANK OF SCOTLAND PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
9 KNOWSLEY STREET MANCHESTER BY WAY OF FIXED CHARGE, THE BENEFIT OF
ALL COVENANTS & RIGHTS CONCERNING THE PROPERTY & ALL PLANT MACHINERY,
FIXTURES, FITTINGS, FURNITURE, EQUIPMENT, IMPLEMENTS & UTENSILS. THE
GOODWILL OF ANY BUSINESS CARRIEDON AT THE PROPERTY & THE PROCEEDS OF ANY
INSURANCE AFFECTINGTHE PROPERTY OR ASSETS |
||
|
Mortgage Type: |
CHARGE OVER BANK ACCOUNT |
||
|
Date Charge Created: |
24/02/08 |
|
|
|
Date Charge Registered: |
14/03/08 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
HABIB BANK UK |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
||
|
Details: |
FIXED DEPOSIT ACCOUNT |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
01/02/08 |
|
|
|
Date Charge Registered: |
02/02/08 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
F/H 15 STOCKS STREET, MANCHESTER. |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
13/12/06 |
|
|
|
Date Charge Registered: |
19/12/06 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
29/07/05 |
|
|
|
Date Charge Registered: |
05/08/05 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
F/H 3 FRIARSGATE WHITBY AVENUE PARK ROYAL LONDON |
||
|
Mortgage Type: |
GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
14/11/03 |
|
|
|
Date Charge Registered: |
22/11/03 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
03/12/99 |
|
|
|
Date Charge Registered: |
07/12/99 |
|
|
|
Date Charge Satisfied: |
23/02/08 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED BANK OF PAKISTAN LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
17/02/99 |
|
|
|
Date Charge Registered: |
23/02/99 |
|
|
|
Date Charge Satisfied: |
12/05/99 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
REGENCY HOUSE FINANCE LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
A FACTORING AGREEMENT OF EVENDATE |
||
|
Details: |
A FIXED CHARGE OVER ALL BOOK AND OTHER DEBTS AND MONETARY CLAIMS A
FLOATING CHARGE OVER THE WHOLE COMPANYS UNDERTAKINGSAND ALL PROPERTY AND
ASSETS INCLUDING GOODWILL AND UNCALLED CAPITAL |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
14/05/98 |
|
|
|
Date Charge Registered: |
23/05/98 |
|
|
|
Date Charge Satisfied: |
11/02/99 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
VERSAILLES TRADE FINANCE LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THECHARGE AND UNDER THE TERMS OF A MATERIAL PURCHASE
AGREEMENT(MP) AND ACCELERATED PAYMENT TRADING AGREEMENT (APT) (AS DEFINED IN
THE DEED) |
||
|
Details: |
BY WAY OF FIRST FLOATING CHARGE ALL THEASSETS OF THE CHARGOR BOTH
PRESENT AND FUTURE BY WAY OF FIRSTFLOATING CHARGE ALL THE ASSETS OF THE
CHARGOR BOTH PRESENT AND FUTURE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
14/05/98 |
|
|
|
Date Charge Registered: |
23/05/98 |
|
|
|
Date Charge Satisfied: |
11/02/99 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
VERSAILLES TRADING FINANCE LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THECHARGE AND UNDER THE TERMS OF A MATERIAL PURCHASE
AGREEMENT(MP) AND ACCELERATED PAYMENT TRADING AGREEMENT (APT) (AS DEFINED IN
THE DEED) |
||
|
Details: |
BY WAY OF FIRST FLOATING CHARGE ALL THEASSETS OF THE CHARGOR BOTH
PRESENT AND FUTURE BY WAY OF FIRSTFLOATING CHARGE ALL THE ASSETS OF THE
CHARGOR BOTH PRESENT AND FUTURE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.07 |
|
|
1 |
Rs.78.09 |
|
Euro |
1 |
Rs.65.15 |
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.