MIRA INFORM REPORT

 

 

 

Report Date :

16.07.2012

 

IDENTIFICATION DETAILS

 

Name :

VEEMA (UK) LIMITED

 

 

Registered Office :

Hwca Limited Hamilton Office Park 31 High View Close LE4 9LJ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

02.03.1993

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Retail sale of clothing

 

 

No. of Employee:

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

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 – 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

Summary

 

 

 

Company Name

VEEMA (UK) LIMITED

Company Number

02794962

Registered Address

HWCA LIMITED

Trading Address

16 Ringers Spinney
Oadby
Leicester
LE2 2HA

 

HAMILTON OFFICE PARK

 

 

31 HIGH VIEW CLOSE

 

 

LE4 9LJ

 

 

 

 

 

Trading Address

T/AS Rupali, 157 Green Lane Road, Lecester LE5 3TQ, United Kingdom

 

 

 

 

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

02/03/1993

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

19/02/2011

Date of Change

-

Share Capital

£1,000

Sic Code

5242

Currency

GBP

Sic Description

RETAIL SALE OF CLOTHING

Principal Activity

Asian fashionwear retailer.

Accounts Due Date

30/03/2012

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

30/06/2010

-

-

£1,526,582

-

30/06/2009

-

-

£1,292,293

-

30/06/2008

-

-

£1,343,254

-

 

 

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

 

Mortgage Summary

 

Outstanding

14

Satisfied

0

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

8

 

Current Directors

 

Name

Sandeep Doshi

Date of Birth

20/04/1971

Officers Title

 

Nationality

British

Present Appointments

10

Function

Director

Appointment Date

02/03/1993

 

 

Address

16 Ringers Spinney,  Oadby,  Leicester,  LE2 2HA

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

Sarita Sandeep Doshi

Date of Birth

05/07/1972

Officers Title

Ms

Nationality

British

Present Appointments

9

Function

Company Secretary

Appointment Date

27/02/2003

 

 

Address

16 Ringers Spinney,  Oadby,  Leicester,  LE2 2HA

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Top 20 Shareholders

 

Name

Individual Share Value

MANISH DILKHUSH DOSHI

250 ORDINARY GBP 1.00

SAVITA MANISH DOSHI

250 ORDINARY GBP 1.00

SARITA SANDEEP DOSHI

250 ORDINARY GBP 1.00

SANDEEP DOSHI

250 ORDINARY GBP 1.00

 

 

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

(%)

65

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£79,558

-10.5%

£88,844

0.3%

£88,545

-

-

-

£59,672

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Tangible Assets

£1,723,548

-4.4%

£1,803,106

-5.8%

£1,913,855

-4.3%

£1,999,323

124.9%

£888,880

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,723,548

-4.4%

£1,803,106

-5.8%

£1,913,855

-4.3%

£1,999,323

124.9%

£888,880

Stock

£185,976

19.5%

£155,583

-42.4%

£269,966

-56.8%

£625,414

-9.9%

£694,060

Trade Debtors

£471,728

2.2%

£461,438

-41.2%

£784,773

42.3%

£551,645

-

0

Cash

£29,117

-2.5%

£29,866

-2.4%

£30,615

99.1%

£15,375

999.9%

£300

Other Debtors

0

-

0

-

0

-

0

-100%

£286,337

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£686,821

6.2%

£646,887

-40.4%

£1,085,354

-9%

£1,192,434

21.6%

£980,697

Trade Creditors

£664,543

-25.5%

£891,982

-32.3%

£1,317,260

-46%

£2,440,552

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-100%

£230,699

Other Short Term Finance

0

-100%

£258,882

-19.2%

£320,318

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£994,884

Total Current Liabilities

£664,543

-42.3%

£1,150,864

-29.7%

£1,637,578

-32.9%

£2,440,552

99.1%

£1,225,583

Bank Loans & Overdrafts and LTL

£219,244

999.9%

£6,836

-62.8%

£18,377

-31%

£26,637

-89.2%

£245,617

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£219,244

999.9%

£6,836

-62.8%

£18,377

-31%

£26,637

78.6%

£14,918

 

Capital & Reserves

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Called Up Share Capital

£1,000

-

£1,000

-

£1,000

-

£1,000

-

£1,000

P & L Account Reserve

£1,525,582

18.1%

£1,291,293

-3.8%

£1,342,254

85.5%

£723,568

15.2%

£628,076

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£1,526,582

18.1%

£1,292,293

-3.8%

£1,343,254

85.4%

£724,568

15.2%

£629,076

Other Financial Items

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Net Worth

£1,526,582

18.1%

£1,292,293

-3.8%

£1,343,254

85.4%

£724,568

15.2%

£629,076

Working Capital

£22,278

104.4%

-£503,977

8.7%

-£552,224

55.8%

-£1,248,118

-409.7%

-£244,886

Total Assets

£2,410,369

-1.6%

£2,449,993

-18.3%

£2,999,209

-6%

£3,191,757

70.7%

£1,869,577

Total Liabilities

£883,787

-23.7%

£1,157,700

-30.1%

£1,655,955

-32.9%

£2,467,189

98.9%

£1,240,501

Net Assets

£1,526,582

18.1%

£1,292,293

-3.8%

£1,343,254

85.4%

£724,568

15.2%

£629,076

 

Cash Flow

 

Date Of Accounts

30/06/10

(%)

30/06/09

(%)

30/06/08

(%)

30/06/07

(%)

30/06/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

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

£1,745,826

34.4%

£1,299,129

-4.6%

£1,361,631

81.3%

£751,205

16.6%

£643,994

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

HABIB BANK ZURICH

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

30/06/10

30/06/09

30/06/08

30/06/07

30/06/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.03

0.56

0.66

0.49

0.80

Sales/Net Working Capital

-

-

-

-

-

Gearing %

14.40

0.50

1.40

3.70

39

Equity in %

63.30

52.70

44.80

22.70

33.60

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.75

0.42

0.49

0.23

0.23

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.43

0.89

1.21

3.36

1.95

Total Debt Ratio

0.57

0.89

1.23

3.40

1.97

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

 

25/02/2011

New Accounts Filed

 

25/02/2011

New Accounts Filed

 

22/02/2011

Annual Returns

 

07/04/2010

New Accounts Filed

 

07/04/2010

New Accounts Filed

 

08/02/2010

Annual Returns

 

30/03/2009

Annual Returns

 

27/03/2009

Annual Returns

 

29/01/2009

New Accounts Filed

 

29/01/2009

New Accounts Filed

 

02/07/2008

New Accounts Filed

 

13/03/2008

Annual Returns

 

20/12/2007

Change in Reg.Office

 

20/12/2007

Change of Company Postcode

 

16/05/2007

New Accounts Filed

 

 

Previous Company Names

 

No Previous Names found

 

 

Group Structure Summary

 

Company Name

VEEMA (UK) LIMITED

Company Number

02794962

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

Group structure

 

No group structure

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.65

UK Pound

1

Rs.85.89

Euro

1

Rs.67.88

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

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.