MIRA
INFORM REPORT
|
Report Date : |
21.03.2012 |
|
el. No.: |
44 0 208590 9399 |
IDENTIFICATION DETAILS
|
Name : |
STRANDHAVEN LIMITED |
|
|
|
|
Registered Office : |
600 High Road Seven Kings ILFORD IG3 8BS |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.07.2010 |
|
|
|
|
Date of Incorporation : |
07.02.1979 |
|
|
|
|
Com. Reg. No.: |
01413692 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale, Retail Chemist and dispensing of drugs. |
|
|
|
|
No. of Employees : |
36 |
RATING & COMMENTS
|
MIRAs Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
£100,000 |
|
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 September 30, 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 |
STRANDHAVEN LIMITED |
Company Number |
01413692 |
|
Registered
Address |
600 HIGH ROAD |
Trading Address |
600 High Road |
|
|
SEVEN KINGS |
|
|
|
|
ILFORD |
|
|
|
|
IG3 8BS |
|
|
|
|
|
|
|
|
Website Address |
- |
|
|
|
Telephone Number
|
02085994436 |
Fax Number |
|
|
TPS |
No |
FPS |
No |
|
Incorporation
Date |
07/02/1979 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of
Accounts |
28/04/2011 |
|
|
|
Share Capital |
£100,000 |
|
SIC03 |
5231 |
Currency |
GBP |
|
SIC03
Description |
DISPENSING CHEMISTS |
||
|
SIC07 |
47730 |
||
|
SIC07
Description |
DISPENSING CHEMIST IN SPECIALISED STORES |
||
|
Principal
Activity |
Wholesale, Retail Chemist and dispensing of drugs. |
||
CREDIT RECOMENDATION
Current Credit Limit: £100,000
DIRECTORS/MANAGEMENT
|
Total Current Directors |
1 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
0 |
Current Directors
|
Name |
Date of Birth |
16/09/1953 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present
Appointments |
12 |
Function |
Director |
|
Appointment Date |
31/07/1991 |
|
|
|
Address |
1 Barclay Oval, , Woodford Green, IG8 0PP |
||
NEGATIVE INFORMATION
CCJ
|
Total Number of
Exact CCJs - |
Total Value of
Exact CCJs - |
||
|
Total Number of
Possible CCJs - |
Total Value of
Possible CCJs - |
||
|
Total Number of
Satisfied CCJs - |
Total Value of
Satisfied CCJs - |
||
|
Total Number of
Writs - |
|
|
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
Top 20 Shareholders
|
Name |
Individual Share
Value |
|
MR DHIRENDRA SOMAIYA |
60,000 ORDINARY GBP 1.00 |
|
MRS HARSHA SOMAIYA |
40,000 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Payment Information Summary
|
Total number of Invoices available |
5 |
|
Total number of Invoices paid within or up to 30 days after the due
date |
5 |
|
Total number of Invoices paid more than 30 days after the due date |
0 |
|
Total number of Invoices currently outstanding where the due date has
not yet been reached |
0 |
|
Total number of Invoices currently outstanding beyond the due date |
0 |
Mortgage Summary
|
Outstanding |
8 |
|
Satisfied |
4 |
Mortgage Details
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
27/09/02 |
|
|
|
Date Charge
Registered: |
07/10/02 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
641 HIGH ROAD SEVEN KINGS REDBRIDGE T/NO:
EGL132414 BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENA NTS AND RIGHTS
CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE
EQUIPMENT IMP LEMENTS AND UTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT
THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR
ASSETS |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge
Created: |
01/11/99 |
|
|
|
Date Charge
Registered: |
08/11/99 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H PROPERTY K/A 119 HAMPTON ROAD ILFORD
ESSEX AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL MOVEABLE
PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN ASSIGNMENT
OF THE G OODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE FULL
BENEFIT OF ALL LICENCES |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge
Created: |
05/05/98 |
|
|
|
Date Charge
Registered: |
18/05/98 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
L/H PROPERTY K/A 8-10 TERRACE ROAD
PLAISTOW LONDON AND THE PROCEEDS OF SALE THEREOF FLOATING CHARGE OVER ALL
MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AND AN
ASSIGNMENT OF T HE GOODWILL AND CONNECTION OF ANY BUSINESS TOGETHER WITH THE
FULL BENEFIT OF ALL LICENCES |
||
|
Mortgage Type: |
MORTGAGE DEBENTURE |
||
|
Date Charge
Created: |
05/05/98 |
|
|
|
Date Charge
Registered: |
18/05/98 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
A SPECIFIC EQUITABLE CHARGE OVER ALL
FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE T HEREOF FIXED
AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE IN CLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
15/01/96 |
|
|
|
Date Charge
Registered: |
24/01/96 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
28 RATHBONE STREET MARKET, CANNING TOWNL/B
OF NEWHAM (GROUND FLOOR LOCK UP SHOP) |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
18/08/92 |
|
|
|
Date Charge
Registered: |
27/08/92 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
100A/100B NORTHEND ROAD WEST
KENSINGTONLONDON BOROUGH OF HAMMERSMITH AND FULHAM T/NO NGL 378109 |
||
|
Mortgage Type: |
SECOND LEGAL CHARGE |
||
|
Date Charge
Created: |
18/08/92 |
|
|
|
Date Charge
Registered: |
21/08/92 |
|
|
|
Date Charge
Satisfied: |
13/07/99 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
M.A.B.(CHEMISALE) LIMITED |
||
|
Amount Secured: |
£25,000 DUE FROM THE COMPANY TO THE
CHARGEE. |
||
|
Details: |
100A/100B NORTH END ROAD,LONDON W14 |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge
Created: |
02/09/91 |
|
|
|
Date Charge
Registered: |
18/09/91 |
|
|
|
Date Charge
Satisfied: |
01/10/02 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
SEE 395 FOR FULL DETAILS FIXED AND
FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND
FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED
PLANT AND MACHINERY |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
02/09/91 |
|
|
|
Date Charge
Registered: |
13/09/91 |
|
|
|
Date Charge
Satisfied: |
13/09/06 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
SHOP PREMISES COMPRISING GROUND FLOOR AND
BASEMENT KNOWN AS 100A NORTH END ROADLONDON BOROUGH OF HAM MERSMITH AND
FULHAM |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
17/06/83 |
|
|
|
Date Charge
Registered: |
24/06/83 |
|
|
|
Date Charge
Satisfied: |
01/10/02 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s)
Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H 641 HIGH ROAD, SEVEN KINGS,
ILFORD,LONDON BOROUGH OF REDBRIDGE. |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
06/09/82 |
|
|
|
Date Charge
Registered: |
17/09/82 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H 137 NEWLAND STREET WITHAM ESSEX |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge
Created: |
07/06/79 |
|
|
|
Date Charge
Registered: |
26/06/79 |
|
|
|
Date Charge
Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
F/H 600 HIGH RD, SEVEN KINGS ILFORD,
LONDON BOROUGH OF REDBRIDGE |
||
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group -
Linkages 0 companies
Countries In 0 countries
Summary
Holding Company -
Ownership Status
Ultimate Holding
Company -
Group structure
No group structure
FINANCIAL INFORMATION
Profit & Loss
|
Date Of Accounts |
31/07/10 |
(%) |
31/07/09 |
(%) |
31/07/08 |
(%) |
31/07/07 |
(%) |
31/07/06 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£9,894,572 |
15% |
£8,606,000 |
29.8% |
£6,628,656 |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£7,594,532 |
- |
£6,600,527 |
- |
£5,193,410 |
- |
- |
- |
- |
|
Gross Profit |
£2,300,040 |
14.7% |
£2,005,473 |
39.7% |
£1,435,246 |
-25.8% |
£1,935,197 |
- |
- |
|
Wages & Salaries |
£948,527 |
8.2% |
£876,661 |
8.9% |
£804,829 |
-50.8% |
£1,637,382 |
- |
- |
|
Directors Emoluments |
£35,439 |
4.2% |
£34,000 |
- |
£34,000 |
-94.9% |
£663,650 |
- |
- |
|
Operating Profit |
£711,034 |
46.6% |
£485,172 |
510% |
£79,538 |
-84.1% |
£498,993 |
- |
- |
|
Depreciation |
£33,662 |
32.8% |
£25,346 |
-10.3% |
£28,269 |
6.7% |
£26,499 |
69.5% |
£15,630 |
|
Audit Fees |
£5,200 |
- |
£5,200 |
4% |
£5,000 |
-3.8% |
£5,200 |
- |
- |
|
Interest Payments |
£7,315 |
-71.6% |
£25,791 |
999.9% |
£1,612 |
-88.4% |
£13,841 |
- |
- |
|
Pre Tax Profit |
£707,212 |
50.6% |
£469,628 |
182.8% |
£166,037 |
-67.6% |
£511,730 |
- |
- |
|
Taxation |
-£220,031 |
-54.1% |
-£142,823 |
-205.3% |
-£46,784 |
45.3% |
-£85,575 |
- |
- |
|
Profit After Tax |
£487,181 |
49.1% |
£326,805 |
174% |
£119,253 |
-72% |
£426,155 |
- |
- |
|
Dividends Payable |
£200,000 |
-61.5% |
£520,000 |
195.5% |
£176,000 |
- |
- |
- |
- |
|
Retained Profit |
£287,181 |
248.6% |
-£193,195 |
-240.4% |
-£56,747 |
-113.3% |
£426,155 |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/07/10 |
(%) |
31/07/09 |
(%) |
31/07/08 |
(%) |
31/07/07 |
(%) |
31/07/06 |
|
Tangible Assets |
£298,415 |
9.6% |
£272,238 |
-7.2% |
£293,464 |
2.8% |
£285,520 |
19.9% |
£238,221 |
|
Intangible Assets |
£452,127 |
-10.2% |
£503,672 |
-9.3% |
£555,216 |
-8.5% |
£606,762 |
-17.5% |
£735,308 |
|
Total Fixed Assets |
£750,542 |
-3.3% |
£775,910 |
-8.6% |
£848,680 |
-4.9% |
£892,282 |
-8.3% |
£973,529 |
|
Stock |
£677,772 |
58.5% |
£427,658 |
-25.6% |
£574,613 |
-18.1% |
£701,403 |
11.9% |
£626,587 |
|
Trade Debtors |
£1,191,319 |
11.2% |
£1,070,900 |
-7.1% |
£1,152,521 |
-10.5% |
£1,287,099 |
- |
0 |
|
Cash |
£349,398 |
-29.9% |
£498,565 |
-37.1% |
£792,497 |
-33.7% |
£1,196,203 |
406.2% |
£236,312 |
|
Other Debtors |
£1,243,823 |
48% |
£840,547 |
53.2% |
£548,808 |
371.8% |
£116,315 |
-94.6% |
£2,171,386 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£3,462,312 |
22% |
£2,837,670 |
-7.5% |
£3,068,439 |
-7% |
£3,301,020 |
8.8% |
£3,034,285 |
|
Trade Creditors |
£1,414,627 |
20.1% |
£1,178,351 |
1.3% |
£1,163,039 |
-15.8% |
£1,380,615 |
- |
0 |
|
Bank Loans & Overdrafts |
£16,204 |
-68.9% |
£52,144 |
-79.5% |
£254,767 |
463.9% |
£45,179 |
-46% |
£83,738 |
|
Other Short Term Finance |
£44,510 |
140.9% |
£18,479 |
999.9% |
£110 |
-99.9% |
£83,751 |
- |
0 |
|
Miscellaneous Current Liabilities |
£224,558 |
29.3% |
£173,666 |
101.9% |
£86,023 |
-56.4% |
£197,080 |
-89% |
£1,798,348 |
|
Total Current Liabilities |
£1,699,899 |
19.5% |
£1,422,640 |
-5.4% |
£1,503,939 |
-11.9% |
£1,706,625 |
-9.3% |
£1,882,086 |
|
Bank Loans & Overdrafts and LTL |
£166,610 |
-0.7% |
£167,716 |
-58% |
£399,384 |
93.4% |
£206,546 |
-33.4% |
£310,311 |
|
Other Long Term Finance |
0 |
- |
0 |
-100% |
£2,411 |
- |
£2,411 |
- |
0 |
|
Total Long Term Liabilities |
£150,406 |
30.1% |
£115,572 |
-20.1% |
£144,617 |
-10.4% |
£161,367 |
-28.8% |
£226,573 |
Capital & Reserves
|
Date Of Accounts |
31/07/10 |
(%) |
31/07/09 |
(%) |
31/07/08 |
(%) |
31/07/07 |
(%) |
31/07/06 |
|
Called Up Share Capital |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
|
P & L Account Reserve |
£2,262,549 |
14.5% |
£1,975,368 |
-8.9% |
£2,168,563 |
-2.6% |
£2,225,310 |
23.7% |
£1,799,155 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£2,362,549 |
13.8% |
£2,075,368 |
-8.5% |
£2,268,563 |
-2.4% |
£2,325,310 |
22.4% |
£1,899,155 |
Other Financial Items
|
Date Of Accounts |
31/07/10 |
(%) |
31/07/09 |
(%) |
31/07/08 |
(%) |
31/07/07 |
(%) |
31/07/06 |
|
Net Worth |
£1,910,422 |
21.6% |
£1,571,696 |
-8.3% |
£1,713,347 |
-0.3% |
£1,718,548 |
47.7% |
£1,163,847 |
|
Working Capital |
£1,762,413 |
24.5% |
£1,415,030 |
-9.6% |
£1,564,500 |
-1.9% |
£1,594,395 |
38.4% |
£1,152,199 |
|
Total Assets |
£4,212,854 |
16.6% |
£3,613,580 |
-7.7% |
£3,917,119 |
-6.6% |
£4,193,302 |
4.6% |
£4,007,814 |
|
Total Liabilities |
£1,850,305 |
20.3% |
£1,538,212 |
-6.7% |
£1,648,556 |
-11.7% |
£1,867,992 |
-11.4% |
£2,108,659 |
|
Net Assets |
£2,362,549 |
13.8% |
£2,075,368 |
-8.5% |
£2,268,563 |
-2.4% |
£2,325,310 |
22.4% |
£1,899,155 |
Cash Flow
|
Date Of Accounts |
31/07/10 |
(%) |
31/07/09 |
(%) |
31/07/08 |
(%) |
31/07/07 |
(%) |
|
Net Cashflow from Operations |
£249,756 |
-50.2% |
£501,733 |
264.4% |
-£305,267 |
-18.5% |
-£257,691 |
- |
|
Net Cashflow before Financing |
-£166,028 |
-101.9% |
-£82,243 |
83.9% |
-£510,563 |
-212.8% |
£452,812 |
- |
|
Net Cashflow from Financing |
£16,861 |
-60.9% |
£43,078 |
141.9% |
-£102,731 |
-118.8% |
£545,638 |
- |
|
Increase in Cash |
-£149,167 |
-280.9% |
-£39,165 |
93.6% |
-£613,294 |
-161.4% |
£998,450 |
- |
Miscellaneous
|
Date Of Accounts |
31/07/10 |
(%) |
31/07/09 |
(%) |
31/07/08 |
(%) |
31/07/07 |
(%) |
31/07/06 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£2,512,955 |
14.7% |
£2,190,940 |
-9.2% |
£2,413,180 |
-3% |
£2,486,677 |
17% |
£2,125,728 |
|
Number of Employees |
36 |
12.5% |
32 |
10.3% |
29 |
- |
29 |
- |
- |
|
Auditors |
ASHFORDS PARTNERSHIP LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
NATIONAL WESTMINSTER BANK PLC |
||||||||
|
Bank Branch Code |
60-18-01 |
||||||||
Ratios
|
Date Of Accounts |
31/07/10 |
31/07/09 |
31/07/08 |
31/07/07 |
31/07/06 |
|
Pre-tax profit margin % |
7.15 |
5.46 |
2.50 |
- |
- |
|
Current ratio |
2.04 |
1.99 |
2.04 |
1.93 |
1.61 |
|
Sales/Net Working Capital |
5.61 |
6.08 |
4.24 |
- |
- |
|
Gearing % |
7.10 |
8.10 |
17.60 |
8.90 |
16.30 |
|
Equity in % |
62.80 |
66.70 |
67.50 |
64.80 |
58 |
|
Creditor Days |
52.04 |
49.83 |
63.86 |
- |
- |
|
Debtor Days |
43.82 |
45.29 |
63.28 |
- |
- |
|
Liquidity/Acid Test |
1.63 |
1.69 |
1.65 |
1.52 |
1.28 |
|
Return On Capital Employed % |
28.14 |
21.43 |
6.88 |
20.58 |
- |
|
Return On Total Assets Employed % |
16.78 |
12.99 |
4.23 |
12.20 |
- |
|
Current Debt Ratio |
0.71 |
0.68 |
0.66 |
0.73 |
0.99 |
|
Total Debt Ratio |
0.78 |
0.74 |
0.72 |
0.80 |
1.11 |
|
Stock Turnover Ratio % |
6.84 |
4.96 |
8.66 |
- |
- |
|
Return on Net Assets Employed % |
29.93 |
22.62 |
7.31 |
22.01 |
- |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has increased from 69 to 83 which
indicates very good creditworthiness. |
|
|
The credit limit on this company has risen 100% in comparison to the
previously suggested credit limit. |
|
|
Sales in the latest trading period increased 15% on the previous
trading period. |
|
|
Net Worth increased by 21.6% during the latest trading period. |
|
|
A 16.6% growth in Total Assets occurred during the latest trading
period. |
|
|
Pre-tax profits increased by 50.6% compared to the previous trading
period. |
|
|
The company saw a decrease in their Cash Balance of 29.9% during the
latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is not part of a group. |
|
|
The company was established over 32 years ago. |
|
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
|
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
31/07/1991 |
|
|
|
Address |
1 Barclay Oval, , Woodford Green, IG8 0PP |
||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
12/09/2011 |
Annual Returns |
|
10/05/2011 |
New Accounts Filed |
|
13/08/2010 |
Annual Returns |
|
13/05/2010 |
New Accounts Filed |
|
13/05/2010 |
New Accounts Filed |
|
21/09/2009 |
Annual Returns |
|
07/06/2009 |
New Accounts Filed |
|
17/10/2008 |
Annual Returns |
|
10/06/2008 |
New Accounts Filed |
|
18/06/2007 |
New Accounts Filed |
|
07/06/2006 |
New Accounts Filed |
|
10/06/2005 |
New Accounts Filed |
|
16/08/2004 |
New Board Member (DHIRENDRA SOMAIYA) appointed |
|
09/08/2004 |
Annual Returns |
|
17/06/2004 |
Data Refresh |
Previous Company Names
|
No Previous Names found |
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors / Bad Debt
Detail
|
No Debtor Data |
|
Total Value |
- |
Previous Director/Company
Secretaries
|
No Previous Director Details |
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.25 |
|
|
1 |
Rs.79.76 |
|
Euro |
1 |
Rs.66.52 |
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 SCs 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.