MIRA
INFORM REPORT
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Report Date : |
28.07.2012 |
IDENTIFICATION DETAILS
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Name : |
EAST ASIA TEXTILES LTD. |
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Registered Office : |
2nd Floor Clifton Court Corner Hall, |
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Country : |
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Financials (as on) : |
31.10.2010 |
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Date of Incorporation : |
30.10.2009 |
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Com. Reg. No.: |
07061531 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Wholesale of textiles |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
East Asia Textiles Ltd.
2nd Floor Clifton Court Corner Hall
(Trading Address)
Registered Address
Synthesis
Employees: NA
Company Type: Private
Independent
Quoted Status: Non-quoted
Company
Incorporation Date:
30-Oct-2009
Financials in: USD
(Millions)
Fiscal Year End:
31-Oct-2010
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Total Assets: 0.4
Activity
Wholesale of textiles
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
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Name |
Title |
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David Williams |
Salesman |
Registered No.(
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6435464
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6254691
Corporate Overview
Location
2nd Floor Clifton Court Corner Hall
Sales GBP(mil): NA
Assets GBP(mil): 0.2
Employees: NA
Fiscal Year End: 31-Oct-2010
Industry: Apparel
and Accessories
Registered
Address:
2Nd Floor
Clifton Court Corner Hall
Incorporation Date: 30-Oct-2009
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(
Salesman: David
Williams
Contents
Industry Codes
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
5141 - Wholesale of textiles
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Executive
report
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Board
of Directors |
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Salesman |
Director/Board Member |
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Executives |
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Salesman |
Sales Executive |
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Directors and Shareholders Report
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Main Office
Address: |
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Annual Return Date: 30 Oct 2011 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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David |
Current |
21 Jun 1964 |
The Hollies |
30 Oct 2009 |
NA |
Current:1 |
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Dunstana James |
Previous |
14 Nov 1954 |
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30 Oct 2009 |
30 Oct 2009 |
Current:1 |
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Corporate Directors |
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There are no corporate directors for this company. |
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Individual Secretaries |
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There are no individual secretaries for this company. |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Waterlow Secretaries Limited |
Previous |
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30 Oct 2009 |
30 Oct 2009 |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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David Anthony Williams |
4 Ordinary GBP 1.00 |
Ordinary |
4 |
1.00 |
4.00 |
100.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Balance Sheet
Financials in: USD (mil)
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31-Oct-2010 |
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Filed Currency |
GBP |
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Exchange Rate |
0.625469 |
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Consolidated |
No |
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Total Tangible Fixed Assets |
0.0 |
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Intangible Assets |
0.1 |
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Total Fixed Assets |
0.1 |
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Trade Debtors |
0.3 |
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Cash and Equivalents |
0.0 |
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Other Current Assets |
0.0 |
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Total Current Assets |
0.3 |
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Total Assets |
0.4 |
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Trade Creditors |
0.5 |
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Bank Overdraft |
0.0 |
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Bank Loan Overdrafts |
0.0 |
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Total Short Term Loans |
0.0 |
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Other Current Liabilities |
0.0 |
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Total Current Liabilities |
0.0 |
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Working Capital |
-0.3 |
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Total Long Term Loans |
0.0 |
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Other Long Term Liabilities |
0.0 |
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Total Long Term Liabilities |
0.0 |
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Issued Capital |
0.0 |
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Retained Earnings |
-0.2 |
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Total Reserve |
-0.2 |
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Total Shareholders Funds |
-0.2 |
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Net Worth |
-0.3 |
Annual Ratios
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31-Oct-2010 |
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Period Length |
12 Months |
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Filed Currency |
- |
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Exchange Rate |
- |
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Consolidated |
No |
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Current Ratio |
0.51 |
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Solvency Ratio |
-51.12% |
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Current Debt Ratio |
-2.96 |
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Long Term Debt Ratio |
0.00 |
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Total Debt Ratio |
-2.96 |
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Debt Asset Ratio |
151.12% |
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Fixed Asset Investment |
0.24 |
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Financial Strength Ratio |
0.51 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.41 |
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UK Pound |
1 |
Rs.86.93 |
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Euro |
1 |
Rs.68.10 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.