MIRA INFORM REPORT

 

 

Report Date :           

23.01.2012

 

IDENTIFICATION DETAILS

 

Name :

SABTEX (BIRMINGHAM) LIMITED 

 

 

Registered Office :

C/O Luckmans Duckett Parker, Victoria House, 44-45 Queens Road, Coventry, Cv1 3eh

 

 

Country :

United Kingdom 

 

 

Date of Incorporation :

26.11.2002

 

 

Com. Reg. No.:

04601144

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacture of other wearing apparel

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name

SABTEX (BIRMINGHAM) LIMITED

Company Number

04601144

 

 

Safe Number

UK04248543

Registered Address

C/O LUCKMANS DUCKETT PARKER

Trading Address

Unit 27a The Business Centre
20 James Road
Tyseley
Birmingham, West Midlands
B11 2BA

 

VICTORIA HOUSE

 

 

44-45 QUEENS ROAD, COVENTRY

 

 

CV1 3EH

 

Operating Address

Central Boulevard Blythe Valley Business Park, Selitwll West Midlands B90 8AG, United Kingdom 

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

26/11/2002

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

20/12/2011

 

 

Share Capital

£4

SIC03

1824

Currency

GBP

SIC03 Description

MANUFACTURE OF OTHER WEARING APPAREL

SIC07

14190

SIC07 Description

MANUFACTURE OF OTHER WEARING APPAREL AND ACCESSORIES N.E.C.

Principal Activity

Manufacturers of casual wear.

 

 

CREDIT RECOMENDATION

 

Current Credit Limit: £500

 

 

DIRECTORS/MANAGEMENT

 

Na

 

 

NEGATIVE INFORMATION

 

Commentary

No exact match CCJs are recorded against the company.

There has been no significant change in the company's credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth increased by 9.7%.

A 30.7% decline in Total Assets occurred in the previous 12 month trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an decrease in their Cash Balance of 92% in the previous 12 month trading period.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is not part of a group.

The negative change in the P&L Account Reserve suggests that the company made a loss after tax and other appropriations.

The company was established over 9 years ago.

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

0

 

 

 

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

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Na

PAYMENT INFORMATION

 

NA

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Na

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2011

-

-

-£13,344

-

31/03/2010

-

-

-£6,623

-

31/03/2009

-

-

£776

-

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Mortgage Summary

Outstanding

1

Satisfied

0

 

 

NOTES & COMMENTS

 

Na

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.50.33

UK Pound

1

Rs.77.97

Euro

1

Rs.65.07

 

 

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.