MIRA
INFORM REPORT
|
Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
R.D.C. LONDON LIMITED |
|
|
|
|
Formerly Known As : |
R.D.C. IMPORT & EXPORT LIMITED |
|
|
|
|
Registered Office : |
54 New Road, Ilford, Essex, Ig3 8at |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.11.2011 |
|
|
|
|
Date of Incorporation : |
18.10.2005 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Retail of ladies wears. |
|
|
|
|
No. of Employees : |
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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
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 |
R.D.C. LONDON LIMITED |
Company
Number |
05596034 |
|
|
|
Safe
Number |
UK05240352 |
|
Registered
Address |
54 NEW ROAD |
Trading
Address |
Ilford Lane |
|
|
ILFORD |
|
|
|
|
|
|
|
|
|
IG3 8AT |
|
|
|
Website
Address |
- |
|
|
|
Telephone
Number |
- |
Fax
Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation
Date |
18/10/2005 |
Company
Status |
Active - Accounts Filed |
|
Previous
Name |
R.D.C. IMPORT & EXPORT LIMITED |
Type |
Private limited with Share Capital |
|
Date
of Change |
21/11/2005 |
Filing
Date of Accounts |
24/02/2012 |
|
|
|
Share
Capital |
£100 |
|
SIC03
|
5242 |
Currency
|
GBP |
|
SIC03
Description |
RETAIL |
||
|
SIC07
|
47710 |
||
|
SIC07
Description |
RETAIL |
||
|
Principal
Activity |
Retail of ladies wears. |
||
DIRECTORS/MANAGEMENT
Current Directors
|
Name |
Date of Birth |
07/10/1955 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
18/10/2005 |
|
|
|
Address |
|
||
|
Name |
Date of Birth |
14/07/1980 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
05/12/2005 |
|
|
|
Address |
|
||
Current Company Secretary
|
Name |
Date of Birth |
12/10/1981 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
18/10/2005 |
|
|
|
Address |
|
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
1 |
1 |
|
|
728 |
19844 |
NEGATIVE INFORMATION
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
The company's credit rating has dropped from 65 to 55 but
the company still indicates good creditworthiness. |
|
|
The credit limit on this company has fallen 80% in
comparison to the previously suggested credit limit. |
|
|
There is insufficient data to indicate a change in this
companies percentage of sales. |
|
|
Net Worth decreased by 22.8% during the latest trading
period. |
|
|
A 32% decline in Total Assets occurred during the latest
trading period. |
|
|
There is insufficient data to indicate a change in this
companies pre-tax profit. |
|
|
The company saw a decrease in their Cash Balance of 90.9%
during the latest trading period. |
|
|
The company is exempt from audit. |
|
|
No recent changes in directorship are recorded. |
|
|
The company is not part of a group. |
|
|
The negative change in the P&L Account Reserve
suggests that the company made a loss after tax and other appropriations. |
|
|
The company has changed its registered address recently. |
|
|
The company was established over 6 years ago. |
|
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
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Individual Share Value |
|
MR RASHID MALIK |
35 ORDINARY GBP 1.00 |
|
MR JAVAID AKHTAR |
26 ORDINARY GBP 1.00 |
|
MRS SHAMSHAD MALIK |
25 ORDINARY GBP 1.00 |
|
MR AMRAN MALIK |
14 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Creditor Details
|
No Creditor Data |
|
Total Value |
- |
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
|
Total Value |
- |
GROUP STRUCTURE & AFFILIATED
COMPANIES
|
Summary
|
Group structure
|
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
30/11/2011 |
- |
- |
£49,713 |
- |
|
30/11/2010 |
- |
- |
£64,387 |
- |
|
30/11/2009 |
- |
- |
£39,894 |
- |
Profit & Loss
|
|
Date Of Accounts |
30/11/11 |
(%) |
30/11/10 |
(%) |
30/11/09 |
(%) |
30/11/08 |
(%) |
30/11/07 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
£648,450 |
|
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
£490,151 |
|
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£158,299 |
|
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£31,840 |
|
|
Depreciation |
£8,357 |
-20% |
£10,447 |
-7.6% |
£11,312 |
10.6% |
£10,232 |
71.1% |
£5,980 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
£1,122 |
|
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£30,720 |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
-£5,834 |
|
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
£24,886 |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
£10,000 |
|
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
£14,886 |
Balance Sheet
|
|
Date Of Accounts |
30/11/11 |
(%) |
30/11/10 |
(%) |
30/11/09 |
(%) |
30/11/08 |
(%) |
30/11/07 |
|
|
Tangible Assets |
£159,959 |
-5% |
£168,316 |
-2% |
£171,779 |
2.6% |
£167,459 |
600.1% |
£23,919 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£159,959 |
-5% |
£168,316 |
-2% |
£171,779 |
2.6% |
£167,459 |
600.1% |
£23,919 |
|
|
Stock |
£189,500 |
-44.2% |
£339,726 |
-34.2% |
£516,060 |
58.8% |
£325,046 |
41.2% |
£230,276 |
|
|
Trade Debtors |
£13,897 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Cash |
£2,795 |
-90.9% |
£30,579 |
204.7% |
£10,037 |
-6.7% |
£10,763 |
-35.3% |
£16,643 |
|
|
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£206,192 |
-44.3% |
£370,305 |
-29.6% |
£526,097 |
56.7% |
£335,809 |
36% |
£246,919 |
|
|
Trade Creditors |
£182,940 |
-45.3% |
£334,238 |
-34.8% |
£512,698 |
63.1% |
£314,409 |
95.2% |
£161,105 |
|
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£36,318 |
|
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£5,137 |
|
|
Miscellaneous Current Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£30,399 |
|
|
Total Current Liabilities |
£182,940 |
-45.3% |
£334,238 |
-34.8% |
£512,698 |
63.1% |
£314,409 |
35% |
£232,959 |
|
|
Bank Loans & Overdrafts and LTL |
£133,498 |
-4.6% |
£139,996 |
-3.6% |
£145,284 |
-9.2% |
£160,000 |
270% |
£43,239 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£133,498 |
-4.6% |
£139,996 |
-3.6% |
£145,284 |
-9.2% |
£160,000 |
999.9% |
£6,921 |
Capital & Reserves
|
|
Date Of Accounts |
30/11/11 |
(%) |
30/11/10 |
(%) |
30/11/09 |
(%) |
30/11/08 |
(%) |
30/11/07 |
|
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
|
P & L Account Reserve |
£49,613 |
-22.8% |
£64,287 |
61.5% |
£39,794 |
38.4% |
£28,759 |
-6.8% |
£30,858 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£49,713 |
-22.8% |
£64,387 |
61.4% |
£39,894 |
38.2% |
£28,859 |
-6.8% |
£30,958 |
Other Financial Items
|
|
Date Of Accounts |
30/11/11 |
(%) |
30/11/10 |
(%) |
30/11/09 |
(%) |
30/11/08 |
(%) |
30/11/07 |
|
|
Net Worth |
£49,713 |
-22.8% |
£64,387 |
61.4% |
£39,894 |
38.2% |
£28,859 |
-6.8% |
£30,958 |
|
|
Working Capital |
£23,252 |
-35.5% |
£36,067 |
169.2% |
£13,399 |
-37.4% |
£21,400 |
53.3% |
£13,960 |
|
|
Total Assets |
£366,151 |
-32% |
£538,621 |
-22.8% |
£697,876 |
38.7% |
£503,268 |
85.8% |
£270,838 |
|
|
Total Liabilities |
£316,438 |
-33.3% |
£474,234 |
-27.9% |
£657,982 |
38.7% |
£474,409 |
97.8% |
£239,880 |
|
|
Net Assets |
£49,713 |
-22.8% |
£64,387 |
61.4% |
£39,894 |
38.2% |
£28,859 |
-6.8% |
£30,958 |
Cash Flow
|
|
Date Of Accounts |
30/11/11 |
(%) |
30/11/10 |
(%) |
30/11/09 |
(%) |
30/11/08 |
(%) |
30/11/07 |
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
|
Date Of Accounts |
30/11/11 |
(%) |
30/11/10 |
(%) |
30/11/09 |
(%) |
30/11/08 |
(%) |
30/11/07 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
Capital Employed |
£183,211 |
-10.4% |
£204,383 |
10.4% |
£185,178 |
-1.9% |
£188,859 |
398.6% |
£37,879 |
|
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Auditors |
|
||||||||
|
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
|
Bankers |
|
||||||||
|
|
Bank Branch Code |
|
||||||||
Ratios
|
|
Date Of Accounts |
30/11/11 |
30/11/10 |
30/11/09 |
30/11/08 |
30/11/07 |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
4.74 |
|
|
Current ratio |
1.13 |
1.11 |
1.03 |
1.07 |
1.06 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
46.45 |
|
|
Gearing % |
268.50 |
217.40 |
364.20 |
554.40 |
139.70 |
|
|
Equity in % |
13.60 |
12 |
5.70 |
5.70 |
11.40 |
|
|
Creditor Days |
- |
- |
- |
- |
90.43 |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.09 |
0.09 |
0.01 |
0.03 |
0.07 |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
81.10 |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
11.34 |
|
|
Current Debt Ratio |
3.67 |
5.19 |
12.85 |
10.89 |
7.52 |
|
|
Total Debt Ratio |
6.36 |
7.36 |
16.49 |
16.43 |
7.74 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
35.51 |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
99.23 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Mortgage Summary
|
Outstanding |
1 |
|
Satisfied |
0 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
|
28/02/2012 |
New Accounts Filed |
|
|
29/10/2011 |
Annual Returns |
|
|
07/03/2011 |
New Accounts Filed |
|
|
12/01/2011 |
Annual Returns |
|
|
11/01/2011 |
Change in Reg.Office |
|
|
11/01/2011 |
Change of Company Postcode |
|
|
14/04/2010 |
New Accounts Filed |
|
|
08/01/2010 |
Annual Returns |
|
|
01/07/2009 |
New Accounts Filed |
|
|
23/01/2009 |
Annual Returns |
|
|
09/09/2008 |
New Accounts Filed |
|
|
27/02/2008 |
Annual Returns |
|
|
10/09/2007 |
New Accounts Filed |
|
|
20/01/2006 |
New Board Member (RASHID MALIK) appointed |
|
|
18/01/2006 |
IMRAN MALIK has left the board |
Rating History
|
Date |
Rating |
Description |
|
28/02/2012 |
55 |
Good Credit Worthiness |
|
07/03/2011 |
65 |
Good Credit Worthiness |
|
08/01/2010 |
63 |
Good Credit Worthiness |
|
11/05/2009 |
60 |
Good Credit Worthiness |
|
20/02/2009 |
63 |
Good Credit Worthiness |
|
09/09/2008 |
72 |
Very Good Credit Worthiness |
|
10/09/2007 |
47 |
Creditworthy |
|
21/10/2005 |
0 |
Company's age is less than 18 months |
|
20/10/2005 |
0 |
Directors not appointed |
Limit History
|
Date |
Limit |
|
28/02/2012 |
£1,000 |
|
07/03/2011 |
£5,000 |
|
23/03/2010 |
£1,000 |
|
08/01/2010 |
£5,000 |
|
11/05/2009 |
£500 |
|
20/02/2009 |
£1,000 |
|
09/09/2008 |
£5,000 |
|
10/09/2007 |
£1,000 |
|
21/10/2005 |
£0 |
Previous Company Names
|
Date |
Previous Name |
Companies House Documents |
|
21/11/2005 |
R.D.C. IMPORT & EXPORT LIMITED |
Mortgage Details
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
10/04/06 |
|
|
|
Date Charge Registered: |
19/04/06 |
|
|
|
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: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL
PROPERTY AND ASSETS PRESENT AND FUTURE INCLU DING GOODWILL BOOKDEBTS UNCALLED
CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
||
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.51 |
|
|
1 |
Rs.85.49 |
|
Euro |
1 |
Rs.69.61 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.