MIRA INFORM REPORT

 

 

Report Date :

18.07.2012

 

IDENTIFICATION DETAILS

 

Name :

VEEMA (UK) LIMITED

 

 

Registered Office :

HWCA Limited, Hamilton Office Park, 31 High View Close, Leicestershire, Le4 9lj.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

02.03.1993

 

 

Com. Reg. No.:

02794962

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Retailers of women's clothing through mail order.

 

 

No. of Employees :

70

 

 

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

 

Company Identification Details

 

Subject Reported on

VEEMA (UK) LIMITED

Registration Number

02794962

VAT Number

GB695567962

Address

44 SHAFTSBURY AVENUE, LEICESTER, LEICESTERSHIRE, LE4 5DR.

Telephone

0116 246 4111

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

02794962

VAT Number

GB695567962

Subject Status

Trading

Date of Incorporation

02/03/1993

Registered Office

HWCA LIMITED, HAMILTON OFFICE PARK, 31 HIGH VIEW CLOSE, LEICESTERSHIRE, LE4 9LJ.

History

17/12/2007 : The Registered Office address changed from 16 RINGERS SPINNEY, OADBY, LEICESTER, LE2 2H.

 

25/02/2003 : The Registered Office address changed from BKR HAINES WATTS LEICESTER, HUMBERSTONE HOUSE.

 

7/12/2000 : The Registered Office address changed from 1 TYNDALE STREET, HINCKLEY ROAD, LEICESTER, L.

 

30/03/1993 : The Registered Office address changed from CHARTER HOUSE, QUEENS AVENUE, LONDON, N21 3J.

Date of Last Annual Return to Registry

31/01/2012

Accounts

The last filed accounts at Companies House are those to 30/06/2011

Accounting Reference Date

30/06

 

 

Operations

 

 

Activities

Retailers of women's clothing through mail order.

Nace Code

5242

Premises

Rented,Offices,Shop,Showroom

Staff Employed

70

Trade Names

RUPALI

Import Countries

INDIA

Export Countries

EUROPE

Bankers

NATIONAL WESTMINSTER BANK PLC

Address

LEICESTER.

Sort Code

504211

Bankers

HSBC BANK PLC

Address

LEICESTER.

Sort Code

402803

Bankers

HABIB BANK AG ZURICH

Address

160 BELGRAVE ROAD, LEICESTER.

Sort Code

609139

Auditors

HW Leicester LLP

Branches

157 GREEN LANE ROAD, LEICESTER, LEICESTERSHIRE, LE5 3TQ.

 

SHOWROOM IN LONDON.

 

 

 

 

Previous Searches

 

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

1

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

11/11/2011

Miscellaneous

12/05/2010

Non-life insurance

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

Total Number of Mortgages/Charges Registered

14

Number Outstanding

14

Number Partially Satisfied

0

Number Satisfied

0

 

 

Date of Latest Mortgage Created

30/06/2009

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

01/07/2009

30/06/2009

Debenture

395

Hsbc Bank Plc

 

19/07/2007

10/07/2007

Legal Mortgage

395

Hsbc Bank Plc

 

29/07/2006

20/07/2006

Legal Charge

395

Habib Bank Ag Zurich

 

29/07/2006

20/07/2006

Legal Charge

395

Habib Bank Ag Zurich

 

18/12/2001

29/11/2001

Legal Charge

395

Habib Bank Ag Zurich

 

21/08/2001

31/07/2001

Legal Charge

395

Habib Bank Ag Zurich

 

10/02/2000

08/02/2000

Legal Charge

395

Habib Bank Ag Zurich

 

10/02/2000

08/02/2000

Debenture

395

Habib Bank Ag Zurich

 

31/07/1999

28/07/1999

Third Party Legal Charge

395

Habib Bank Ag Zurich

 

16/02/1999

05/02/1999

Legal Charge

395

Habib Bank Ag Zurich

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

14/12/2011

Companies House Gazette

All documents required to be delivered to the registrar under section 441 (annual accounts and reports)

08/06/2006

Companies House Gazette

Change among directors of a company

17/12/2003

Companies House Gazette

Change among directors of a company

28/02/2003

Companies House Gazette

Change among directors of a company

07/12/2001

Companies House Gazette

Change among directors of a company

21/09/1998

Companies House Gazette

Alteration in memorandum or articles of association

31/07/1998

Companies House Gazette

Change among directors of a company

02/07/1997

Companies House Gazette

Change among directors of a company

20/06/1997

Companies House Gazette

Change among directors of a company

30/03/1993

Companies House Gazette

Change among directors of a company

 

Company Secretary

 

 

Secretary

SARITA SANDEEP DOSHI

Service Address

16 RINGERS SPINNEY, OADBY, LEICESTER, LE2 2HA.

Country of Origin

UNITED KINGDOM

Date of Birth

05/07/1972

Appointment Date

27/02/2003

Other Directorships

SASS LIMITED

 

 

Directors

 

 

Director

SANDEEP DOSHI

Service Address

16 RINGERS SPINNEY, OADBY, LEICESTER, LE2 2HA.

Country of Origin

UNITED KINGDOM

Date of Birth

20/04/1971

Appointment Date

02/03/1993

Other Directorships

SASS LIMITED

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

1,000

Principal Shareholder

250 Sarita Sandeep Doshi

 

250 Sandeep Doshi

 

250 Manish Dilkhush Doshi

 

250 Savita Manish Doshi

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

 

 

 

Financial Data– Statutory Accounts

 

 

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

 

For annual accounts images, view the Document Image list

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Currency

GBP

GBP

GBP

GBP

TOTAL FIXED ASSETS

1672

1724

1803

1914

Tangible Assets

1672

1724

1803

1914

TOTAL CURRENT ASSETS

952

687

647

1085

Trade debtors

604

472

461

785

Stocks

236

186

156

270

Other Current Assets

112

29

30

30

Cash

112

29

30

30

TOTAL ASSETS

2624

2411

2450

2999

TOTAL CURRENT LIABILITIES

832

665

1151

1638

Trade creditors

832

665

1151

1638

WORKING CAPITAL

120

22

(504)

(553)

TOTAL LONG TERM LIABS

 

219

7

18

NET ASSETS/(LIABILITIES)

1792

1527

1292

1343

SHARE CAPITAL + RESERVES

1792

1527

1292

1343

Share Cap + Sundry Res

1

1

1

1

Profit and Loss account

1791

1526

1291

1342

SHAREHOLDERS FUNDS

1792

1527

1292

1343

CAPITAL EMPLOYED

1792

1746

1299

1361

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

52

Accounts Date

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Currency

GBP

GBP

GBP

GBP

Liquid Assets

716

501

491

815

Net Working Capital

120

22

(504)

(553)

Other Deferred Liabs

 

219

7

18

Tangible Net Worth(T.N.W)

1792

1527

1292

1343

Equity

1792

1527

1292

1343

Number of Years Trading

18

17

16

15

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

30/06/2011

30/06/2010

30/06/2009

30/06/2008

Current Ratio

1.1

1

0.6

0.7

Quick Ratio

0.9

0.8

0.4

0.5

T.N.W/Total Assets%

68.3

63.3

52.7

44.8

Borrowing Ratio%

 

 

 

 

Equity Gearing%

215.4

172.7

111.6

81.1

 

 

Key Industry Sector Trends

 

 

Year

2012

2011

2010

2009

Sample Size

1030

29739

37423

36398

Pre-Tax Profit Margin

5.4

2.2

1.6

1

Current Ratio

1.7

1.3

1.3

1.3

Borrowing Ratio

81.9

40.2

24.6

17.5

Return on Capital

34.4

35.6

38.5

37.8

Creditors Days

37

94

116

94

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Other retail sale of new goods in specialised stores

 

 

Financial Summary

 

 

Auditors Qualification

The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.

 

No Turnover

The company's balance sheet total is less than GBP 5,600,000 and is a medium sized company as defined by the Companies Act. It is not required to disclose turnover but it is likely to be in the range of GBP 2,800,000 - GBP 11,200,000.

 

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shown on the Balance Sheet is GBP 265,000 increase. This suggests that the Company may have made a post-tax profit of GBP 265,000.

 

Working Capital

The company's working capital has increased by 445 % in the period.

 

Fixed Assets

The subject's fixed assets reduced during the year by GBP 52,000 to GBP 1,672,000 and are now 63 % of total assets compared with 71 % in the previous year.


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.14

UK Pound

1

Rs.86.29

Euro

1

Rs.67.72

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.