MIRA INFORM REPORT

 

 

Report Date :

03.07.2012

 

IDENTIFICATION DETAILS

 

Name :

SIBONA LTD.

 

 

Registered Office :

33 Salisbury Road, New Malden, KT3 3HZ

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

09.01.1990

 

 

Com. Reg. No.:

02457386

 

 

Legal Form :

Private Parent Company

 

 

Line of Business :

Textile Design and Production

 

 

No. of Employees :

02

 

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

Sibona Ltd.

33 Salisbury Road

New Malden, KT3 3HZ

United Kingdom

Tel:       020 8949 4882

Fax:      020 7738 0183

Web:    www.sibona.com

           

 

Registration data 

 

Employees:                  2

Company Type:             Private Parent

Quoted Status:             Non-quoted Company

Incorporation Date:         09-Jan-1990     

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                 0.2

 

Business Description     

 

Textile Design and Production

 

Industry             

Industry            Apparel and Accessories

ANZSIC 2006:    3711 - Textile Product Wholesaling

NACE 2002:      5141 - Wholesale of textiles

NAICS 2002:     424310 - Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

UK SIC 2003:    5141 - Wholesale of textiles

US SIC 1987:    5131 - Piece Goods, Notions, and Other Dry Good

 

           

Key Executives   

 

Name

Title

Bruno Michel Sibona

Director

Imogen Donkin

Director

 

 

News 

 

Title

Date

Eight to vie for PNG Idol
PNG Post-Courier (284 Words)

5-Dec-2011

Yankees are champions
PNG Post-Courier (314 Words)

2-Sep-2011

Table Tennis in a sign of thanks
PNG Post-Courier (216 Words)

24-Aug-2011

Southern Zone juniors step up
PNG Post-Courier (404 Words)

11-Aug-2011

 

 

Financial Summary    

 

 

FYE: 31-Mar-2011

USD (mil)

Key Figures

 

Current Assets

0.15

Total Liabilities

0.0000

Net Worth

0.02

 

Key Ratios

 

Current Ratio

1.14

Liquidity Ratio

0.35

 

 

Registered No.(UK): 02457386

 

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

33 Salisbury Road

New Malden, KT3 3HZ

Surrey County

United Kingdom

Tel:       020 8949 4882

Fax:      020 7738 0183

Web:    www.sibona.com

           

Sales GBP(mil):             NA

Assets GBP(mil):           0.1

Employees:                   2

Fiscal Year End:            31-Mar-2011

Industry:                        Apparel and Accessories

           

Registered Address:

33 Salisbury Road

New Malden, KT3 3HZ

United Kingdom

 

Incorporation Date:         09-Jan-1990

Company Type:             Private Parent

Quoted Status:              Not Quoted

Previous Name:             Rapid 9498 Ltd.

Registered No.(UK):       02457386

Director:                        Imogen Donkin

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3711     -          Textile Product Wholesaling

 

NACE 2002 Codes:

5141     -          Wholesale of textiles

 

NAICS 2002 Codes:

424310  -          Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

 

US SIC 1987:

5131     -          Piece Goods, Notions, and Other Dry Good

 

UK SIC 2003:

5141     -          Wholesale of textiles

 

Business Description

Textile Design and Production

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

0.1

Current Assets:

0.1

 

Long Term Debt:

0.0

 

Issued Capital:

0.0

 

Working Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

NA

Key Corporate Relationships

Bank:

National Westminster Bank Plc

 

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

03-31-2011

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Imogen Donkin

 

Director

Director/Board Member

 

Age: 53

 

Bruno Michel Sibona

 

Director

Director/Board Member

 

 

 

 

Executives

 

Name

Title

Function

 

Bruno Michel Sibona

 

Director

Company Secretary

 

 

 

Directors and Shareholders Report

 

Main Office Address:
33 Salisbury Road
New Malden
United Kingdom KT3 3HZ

Tel: 020 8949 4882
Fax: 020 7738 0183
URL:http://www.sibona.com

Annual Return Date: 09 Jan 2012
Total Issued Capital (GBP 000): 5

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Imogen 
Donkin

Current

12 Jan 1959

33 Salisbury Road, 
New Malden, Surrey KT3 3HZ

09 Jan 1992

NA

Current:1
Previous:0
Disqualifications: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

 

Bruno Michel 
Sibona

Current

NA

20 Peak Hill, Sydenham, 
Sydenham, London SE26 4LR

09 Jan 1992

NA

Current:1
Previous:0
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

Imogen Donkin

5000 Ordinary GBP 1.00

Ordinary

5,000

1.00

5,000.00

100.00

 

 

 

 

 

 

 

 

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

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Audit Fees

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

31-Mar-2008

31-Mar-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.503145

0.509853

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

-

-

-

0.0

0.0

Total Fixed Assets

-

-

-

0.0

0.0

Total Stocks

0.1

0.1

0.2

0.2

0.2

Trade Debtors

0.0

0.1

0.1

0.1

0.2

Cash and Equivalents

0.0

0.0

0.0

0.0

-

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

0.2

0.2

0.2

0.2

0.4

Total Assets

0.2

0.2

0.2

0.3

0.4

Trade Creditors

0.1

0.1

0.2

0.2

0.3

Bank Overdraft

0.0

0.0

0.0

0.0

0.0

Bank Loan Overdrafts

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

0.0

0.0

0.0

0.0

0.0

Working Capital

0.0

0.0

0.0

0.1

0.1

Total Long Term Loans

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

Issued Capital

0.0

-

-

-

-

Retained Earnings

0.0

0.0

0.0

0.0

0.1

Other Reserves

0.0

0.0

0.0

0.0

0.0

Total Reserve

0.0

0.0

0.0

0.1

0.1

Total Shareholders Funds

0.0

0.0

0.0

0.1

0.1

Net Worth

0.0

0.0

0.0

0.1

0.1

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Paid Up Equity

0.0

0.0

0.0

0.0

0.0

 

 

Annual Ratios

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

-

-

-

-

-

Exchange Rate

-

-

-

-

-

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

1.14

1.11

1.15

1.34

1.29

Liquidity Ratio

0.35

0.44

0.34

0.46

0.59

Solvency Ratio

12.17%

9.70%

13.01%

27.74%

24.76%

Current Debt Ratio

7.22

9.31

6.68

2.60

3.04

Long Term Debt Ratio

0.00

0.00

0.00

0.00

0.00

Total Debt Ratio

7.22

9.31

6.68

2.60

3.04

Debt Asset Ratio

87.83%

90.30%

86.99%

72.26%

75.24%

Stock Financing

5.66

6.18

5.42

2.59

2.40

Fixed Asset Investment

-

-

-

0.03

0.03

Stock to Total Assets

145.17%

166.68%

141.84%

157.67%

190.21%

Financial Strength Ratio

1.49

1.55

1.49

1.80

1.88

Reserve Movement

22.27%

-64.28%

-50.93%

-38.08%

-2.19%

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.83

UK Pound

1

Rs.87.41

Euro

1

Rs.70.43

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.