%20LTD%20%20%20%20169449%2010-Feb-2012_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
|
Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
CORONA (OVERSEAS) LTD. |
|
|
|
|
Registered Office : |
Premier House 12-13 Hatton Garden London, EC1N 8AN |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2010 |
|
|
|
|
Date of Incorporation : |
12.06.1947 |
|
|
|
|
Com. Reg. No.: |
00436862 |
|
|
|
|
Legal Form : |
Private Independent |
|
|
|
|
Line of Business : |
Other Miscellaneous Durable Goods Merchant Wholesalers |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRAs Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 |
Company name and address
Corona (Overseas) Ltd.
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||
Business
Description
|
Corona (Overseas) Ltd. is a supplier of diamonds throughout the United
Kingdom. The company specialises in offering polished small size, round and
fancy-shaped diamonds up to one carat in various qualities. It also stocks a
wide variety of stones of varying clarity and colours. In addition, the
company provides a range of assortments of diamonds. The company imports its
small diamonds and commercial stones throughout the world. Its website
provides an online product catalogue and price list to its clients. |
Industry
|
Industry |
Miscellaneous Capital Goods |
|
ANZSIC 2006: |
3739 - Other Goods Wholesaling Not
Elsewhere Classified |
|
NACE 2002: |
5190 - Other wholesale |
|
NAICS 2002: |
423990 - Other Miscellaneous Durable Goods
Merchant Wholesalers |
|
UK SIC 2003: |
5190 - Other wholesale |
|
US SIC 1987: |
5099 - Durable Goods, Not Elsewhere
Classified |
Key Executives
|
Financial
Summary
|
|
|
|||||||||||||||||||||
Corporate Overview
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
%20LTD%20%20%20%20169449%2010-Feb-2012_files/image003.gif){kind=small}
%20LTD%20%20%20%20169449%2010-Feb-2012_files/image004.gif){kind=small}
%20LTD%20%20%20%20169449%2010-Feb-2012_files/image005.gif){kind=small}
%20LTD%20%20%20%20169449%2010-Feb-2012_files/image006.gif){kind=small}
Executives Report
|
%20LTD%20%20%20%20169449%2010-Feb-2012_files/image007.gif){kind=small}
Directors and Shareholders Report
|
Annual Return Date: 30 Nov 2011 |
|
Individual Directors |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
16 Jun 1957 |
16 Mayfield Gardens, |
30 Nov 1991 |
NA |
Current:7 |
|
|
|
Previous |
03 May 1917 |
26 Rundell Crescent, |
30 Nov 1991 |
07 Jul 2001 |
Current:0 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Directors |
|
|
|
There are no corporate directors for this company. |
|
|
|
Individual Secretaries |
|||||||
|
|
|||||||
|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
|
Current |
15 Jan 1961 |
16 Mayfield Gardens, |
01 Mar 1999 |
NA |
Current:3 |
|
|
|
Previous |
16 Jun 1957 |
16 Mayfield Gardens, |
30 Nov 1991 |
01 Mar 1999 |
Current:7 |
|
|
|
|
|
||||||
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
Corporate Secretaries |
|
|
|
There are no corporate secretaries for this company. |
|
|
|
Individual Shareholders |
||||||
|
|
||||||
|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
Abraham Levy |
2700 A Ordinary GBP 1.00 |
A Ordinary |
2,700 |
1.00 |
2,700.00 |
90.00 |
|
Alison Levy |
300 B Ordinary GBP 1.00 |
B Ordinary |
300 |
1.00 |
300.00 |
10.00 |
|
|
|
|
|
|
|
|
|
Corporate Shareholders |
|
|
|
There are no corporate shareholders for this company. |
|
|
Annual Profit & Loss
|
Financials in: REP (mil) |
|
|
Except for share items (millions) and per
share items (actual units) |
|
|
|
|
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
78 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
|
|
Annual Balance
Sheet |
|
Financials in:
GBP (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
0.6 |
0.6 |
0.6 |
0.6 |
0.4 |
|
Director Loans |
0.0 |
0.0 |
- |
- |
- |
|
Other Debtors |
1.0 |
1.0 |
- |
- |
- |
|
Total Debtors |
1.0 |
1.0 |
1.2 |
1.4 |
1.6 |
|
Cash and Equivalents |
0.1 |
0.1 |
0.1 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
1.7 |
1.7 |
1.9 |
2.0 |
2.0 |
|
Total Assets |
1.7 |
1.7 |
1.9 |
2.0 |
2.0 |
|
Bank Overdraft |
0.9 |
0.6 |
0.6 |
0.5 |
0.8 |
|
Director Loans (Current Liability) |
- |
- |
0.1 |
- |
- |
|
Other Current Liabilities |
0.5 |
0.7 |
0.4 |
0.8 |
0.6 |
|
Total Current Liabilities |
1.4 |
1.3 |
1.1 |
1.4 |
1.4 |
|
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 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
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 |
0.0 |
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 |
0.3 |
0.4 |
0.7 |
0.6 |
0.6 |
|
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 |
0.3 |
0.4 |
0.7 |
0.6 |
0.6 |
|
Net Worth |
0.3 |
0.4 |
0.7 |
0.6 |
0.6 |
|
|
|
Annual Cash Flows |
|
Financials in:
GBP (mil) |
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
78 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
|
|
Annual Ratios |
|
Financials in:
GBP (mil) |
|
|
|
|
|
31-Dec-2010 |
31-Dec-2009 |
31-Dec-2008 |
31-Dec-2007 |
31-Dec-2006 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
78 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
1 |
1 |
1 |
1 |
1 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.19 |
1.30 |
1.66 |
1.45 |
1.43 |
|
Liquidity Ratio |
0.74 |
0.85 |
1.11 |
0.99 |
1.13 |
|
Borrowing Ratio |
326.71% |
163.01% |
99.63% |
86.87% |
133.41% |
|
Equity Gearing |
16.22% |
23.23% |
39.79% |
31.24% |
30.34% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.29 |
|
|
1 |
Rs.78.10 |
|
Euro |
1 |
Rs.65.59 |
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.