MIRA INFORM REPORT

 

 

Report Date :           

23.02.2012

 

IDENTIFICATION DETAILS

 

Name :

EURO PLAST LTD.

 

 

Registered Office :

C/O Peer Roberts, The Pavilion, Rosslyn Crescent, Harrow Middlesex, Harrow, HA1 2SZ

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

27.04.1998

 

 

Com. Reg. No.:

03553131

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Wholesalers of Bags paper and Disposable Plastics

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small Company 

 

 

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 30th, 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 & address 

 

Euro Plast Ltd.

6 Iverna Gardens

Bedfont

Feltham, TW14 9RQ

United Kingdom

(Trading Address)

Registered Address

Tel:       020 8844 1760

 

 

Synthesis     

 

Employees:                  NA

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:            Macdermid Incorporated

Quoted Status:             Non-quoted Company

Incorporation Date:         27-Apr-1998

Auditor:                        Peer Roberts Ltd           

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                2.3

 

 

Business Description     

 

Wholesalers of Bags paper and Disposable Plastics

 

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   

 

Name

Title

Rupal Kishor Vyas

Secretary

Praduman Sharma

Director

 

 

 

Financial Summary    

 

FYE: 31-Mar-2011          USD (mil)

Key Figures    

Current Assets  1.93

Fixed Assets     0.40

Total Liabilities   0.91

Net Worth         1.05

 

Key Ratios      

Current Ratio     2.12

Acid Test          1.76

Debt Gearing     21.80

 

Registered No.(UK): 03553131

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497

 

 

Corporate Overview

 

Location

6 Iverna Gardens

Bedfont

Feltham, TW14 9RQ

Middlesex County

United Kingdom

Tel:       020 8844 1760

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.5

Employees:                   NA

Fiscal Year End:            31-Mar-2011

Industry:                        Miscellaneous Capital Goods

Registered Address:

C/O Peer Roberts

The Pavilion

Rosslyn Crescent, Harrow Middlesex

Harrow, HA1 2SZ

United Kingdom

 

Incorporation Date:         27-Apr-1998

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       03553131

Director:                        Praduman Sharma

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190     -          Other wholesale

 

NAICS 2002 Codes:

423990  -          Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190     -          Other wholesale

 

Business Description

Wholesalers of Bags paper and Disposable Plastics

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.5

Current Assets:

1.2

 

Fixed Assets:

0.3

 

Long Term Debt:

0.2

 

Total Liabilities:

0.8

 

Issued Capital:

0.1

 

Working Capital:

0.6

 

Net Worth:

0.7

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

5.6%

 

Key Corporate Relationships

Auditor:

Peer Roberts Ltd

 

Auditor:

Peer Roberts Ltd

 

 

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Euro Plast Ltd.

Euro Plast Ltd. 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Macdermid Incorporated

Parent

 

 

 

 

 

 

Euro Plast Ltd.

Subsidiary

Feltham

United Kingdom

Miscellaneous Capital Goods

 

 

 

 

 

EXECUTivE REPORT

 

Board of Directors

 

Name

Title

Function

 

Praduman Sharma

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Rupal Kishor Vyas

 

Secretary

Company Secretary

 

 

 

Directors and Shareholders Report

 

Main Office Address:
6 Iverna Gardens
Feltham
United Kingdom TW14 9RQ

Tel: 020 8844 1760

Annual Return Date: 27 Apr 2011
Total Issued Capital (GBP 000): 100

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Praduman 
Sharma

Current

05 Aug 1968

C/O Peer Roberts, The Pavilion, 
Harrow, Middlesex HA1 2SZ

01 May 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Sanjay 
Trivedi

Previous

21 May 1966

6 Iverna Gardens, 
Feltham, Middlesex TW14 9RQ

02 Jan 2001

01 Nov 2001

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Fukam International Limited

Current

Golden Plaza Flat C 11-F, 745-747 Nathan Road Mongkok, 
Kowloon

27 Apr 1998

NA

Bhardwaj Corporate Services Limited

Previous

47-49 Green Lane, 
Northwood, Middlesex HA6 3AE

27 Apr 1998

27 Apr 1998

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Rupal Kishor 
Vyas

Current

NA

26 Viola Avenue, 
Feltham, Middlesex TW14 0EW

05 Feb 2003

NA

Current:2
Previous:0
Disqualifications:0

 

Ashok 
Bhardwaj

Previous

NA

47-49 Green Lane,
Northwood, Middlesex HA6 3AE

27 Apr 1998

27 Apr 1998

Current:2
Previous:6836
Disqualifications:0

 

Dawn 
Hook

Previous

NA

Redmead House, Uxbridge Road, 
Uxbridge, Middlesex UB10 0LT

27 Apr 1998

05 Feb 2003

Current:0
Previous:4
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Fukam International Ltd

99999 Ordinary GBP 1.00

Ordinary

99,999

1.00

99,999.00

100.00

Rupal Kishor Vyas

1 Ordinary GBP 1.00

Ordinary

1

1.00

1.00

<0.01

 

 

 

 

 

 

 

 

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)           

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

30-Apr-2008

30-Apr-2007

Period Length

52 Weeks

52 Weeks

48 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498433

0.523688

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.0

0.0

0.0

0.0

0.0

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

30-Apr-2008

30-Apr-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.50491

0.500038

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.4

0.4

0.4

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

0.4

0.4

0.4

0.0

0.0

Total Stocks Work In Progress

0.3

0.3

0.1

0.2

0.2

Total Debtors

1.4

1.7

1.1

1.4

1.2

Cash and Equivalents

0.2

0.1

0.2

0.3

0.3

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1.9

2.0

1.4

1.9

1.6

Total Assets

2.3

2.4

1.8

1.9

1.6

Trade Creditors

0.1

0.7

-

-

-

Bank Overdraft

0.4

-

-

0.5

0.5

Total Short Term Loans

-

0.3

-

-

-

Social Security/VAT

-

0.2

-

-

-

Other Current Liabilities

0.4

0.0

0.7

0.5

0.5

Total Current Liabilities

0.9

1.2

0.7

1.0

1.0

Group Loans (Long Term Liability)

-

0.0

-

-

-

Other Long Term Loans

0.2

0.3

-

-

-

Other Long Term Liabilities

0.1

0.1

0.4

0.1

0.1

Total Long Term Liabilities

0.4

0.4

0.4

0.1

0.1

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

0.1

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

0.9

0.7

0.5

0.5

0.3

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

1.0

0.9

0.7

0.7

0.5

Net Worth

1.0

0.9

0.7

0.7

0.5

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

30-Apr-2008

30-Apr-2007

Period Length

52 Weeks

52 Weeks

48 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498433

0.523688

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

30-Apr-2008

30-Apr-2007

Period Length

52 Weeks

52 Weeks

48 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.50491

0.500038

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.12

1.75

1.95

1.79

1.63

Liquidity Ratio

1.76

1.51

1.76

1.59

1.46

Borrowing Ratio

60.25%

62.38%

-

74.01%

98.00%

Equity Gearing

44.87%

35.75%

36.70%

37.22%

32.91%

Debt Gearing

21.80%

29.32%

-

-

-

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.25

UK Pound

1

Rs.76.75

Euro

1

Rs.65.16

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.