MIRA
INFORM REPORT
|
Report Date : |
05.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
PROXIMA HEALTH LIMITED |
|
|
|
|
Formerly Known As : |
MEDITERRANEAN TRADING (UK) LTD |
|
|
|
|
Registered Office : |
145-157 St. John
Street London Ec1v 4py |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.06.2011 |
|
|
|
|
Date of Incorporation : |
24.06.2005 |
|
|
|
|
Com. Reg. No.: |
05490942 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Agents Involved In The Sale of A Variety of Goods |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the
third largest economy in Europe after Germany and France. Over the past two
decades, the government has greatly reduced public ownership and contained the
growth of social welfare programs. Agriculture is intensive, highly mechanized,
and efficient by European standards, producing about 60% of food needs with
less than 2% of the labor force. The UK has large coal, natural gas, and oil
resources, but its oil and natural gas reserves are declining and the UK became
a net importer of energy in 2005. Services, particularly banking, insurance,
and business services, account by far for the largest proportion of GDP while
industry continues to decline in importance. After emerging from recession in
1992, Britain's economy enjoyed the longest period of expansion on record
during which time growth outpaced most of Western Europe. In 2008, however, the
global financial crisis hit the economy particularly hard, due to the
importance of its financial sector. Sharply declining home prices, high
consumer debt, and the global economic slowdown compounded Britain's economic
problems, pushing the economy into recession in the latter half of 2008 and
prompting the then BROWN (Labour) government to implement a number of measures
to stimulate the economy and stabilize the financial markets; these include
nationalizing parts of the banking system, temporarily cutting taxes,
suspending public sector borrowing rules, and moving forward public spending on
capital projects. Facing burgeoning public deficits and debt levels, in 2010
the CAMERON-led coalition government (between Conservatives and Liberal
Democrats) initiated a five-year austerity program, which aims to lower
London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In
November 2011, Chancellor of the Exchequer George OSBORNE announced additional
austerity measures through 2017 because of slower-than-expected economic growth
and the impact of the euro-zone debt crisis. The CAMERON government raised the
value added tax from 17.5% to 20% in 2011. It has pledged to reduce the
corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an
asset purchase program of up to £325 billion (approximately $525 billion) as of
February 2011. During times of economic crisis, the BoE coordinates interest
rate moves with the European Central Bank, but Britain remains outside the
European Economic and Monetary Union (EMU)
Source
: CIA
Company
name and address
|
Company Name |
PROXIMA HEALTH
LIMITED |
Company Number
|
05490942 |
|
|
|
|
|
|
Registered
Address |
145-157 ST. JOHN
STREET |
Trading
Address |
PROXIMA HEALTH
LIMITED |
|
|
LONDON |
|
|
|
|
|
|
|
|
|
EC1V 4PY |
|
|
|
|
|
|
|
|
Website
Address |
- |
|
|
|
Telephone
Number |
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation
Date |
24/06/2005 |
Company Status
|
Active - Accounts
Filed |
|
Previous Name |
MEDITERRANEAN
TRADING (UK) LTD |
Type |
Private limited
with Share Capital |
|
Date of Change
|
08/07/2008 |
Filing Date of
Accounts |
30/03/2012 |
|
|
|
Share Capital |
£1,000 |
|
SIC03 |
5119 |
Currency |
GBP |
|
SIC03
Description |
AGENTS IN THE
SALE OF A VARIETY OF GOODS |
||
|
SIC07 |
46190 |
||
|
SIC07
Description |
AGENTS INVOLVED
IN THE SALE OF A VARIETY OF GOODS |
||
|
Principal
Activity |
Import and export
and jute and jute products. |
||
Accounts Due Date
30/03/2013
Commentary
|
CCJ recorded
against the company. |
|
|
There has been no
significant change in the company's credit limit. |
|
|
The previous
trading period saw no significant change in the percentage of sales. |
|
|
Net Worth
decreased by 123.5% during the latest trading period. |
|
|
A 876.3% growth
in Total Assets occurred during the latest trading period. |
|
|
There has been no
discernible change in the company's pre-tax profit. |
|
|
The company saw an
increase in their Cash Balance of 296.5% 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 was
established over 7 years ago. |
|
Key
Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder
Funds |
Employees |
|
30/06/2011 |
- |
- |
-£424 |
- |
|
30/06/2010 |
£92,268 |
£9,412 |
£1,807 |
- |
|
30/06/2009 |
£184,636 |
-£7,898 |
-£7,287 |
- |
Payment Information Summary
|
Days Beyond
Terms |
Trend
Indicator |
|
||||
|
Steady Improving Worsening |
|
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
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
02/11/2007 |
NORTHAMPTON CCBC |
£187 |
Judgement |
7XH20118 |
- |
Possible CCJ
Details
There are no
possible CCJ details
Writ Details
There are no writ
details
Back to Top
Mortgage
Summary
|
Outstanding |
0 |
|
Satisfied |
0 |
|
Total Current
Directors |
2 |
|
Total Current
Secretaries |
1 |
|
Total Previous
Directors / Company Secretaries |
1 |
Current
Directors
|
Name |
Date of Birth |
19/12/1973 |
|
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present
Appointments |
2 |
Function |
Director |
|
Appointment
Date |
06/02/2006 |
|
|
|
Address |
18 Rue Jbel
Tazekka, Apartment 6, Agdal, Rabat, Rabat-Sale, 10090 |
||
|
Other Actions |
|||
|
|
|
|
|
|
Disqualified |
|
Disqualified
End Date |
|
|
Disqualification
Exception |
No |
|
|
|
Name |
Date of Birth |
19/12/1969 |
|
|
Officers Title |
Mrs. |
Nationality |
Moroccan |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
06/02/2006 |
|
|
|
Address |
18 Rue Jabel
Tazekka, Appartement 6, Agdal, Rabat, Rabat -Sale, 10090 |
||
|
Other Actions |
|||
|
|
|
|
|
|
Disqualified |
|
Disqualified
End Date |
|
|
Disqualification
Exception |
No |
|
|
Current
Company Secretary
|
Name |
Date of Birth |
19/12/1973 |
|
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present
Appointments |
2 |
Function |
Company Secretary |
|
Appointment
Date |
24/06/2005 |
|
|
|
Address |
18 Rue Jbel
Tazekka, Apartment 6 Agdal, Rabat, 10090 |
||
|
Other Actions |
|
||
|
|
|
|
|
|
Disqualified |
|
Disqualified
End Date |
|
|
Disqualification
Exception |
No |
|
|
Top 20
Shareholders
|
Individual
Share Value |
|
|
SUBHRO SARKAR |
950 ORDINARY GBP
1.00 |
|
HAKIMA ERRAHIMI |
50 ORDINARY GBP
1.00 |
|
Company No: 05490942 |
Profit & Loss
|
Date Of Accounts |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
£92,268 |
-50% |
£184,636 |
- |
- |
- |
£98,887 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
-100% |
£59,531 |
-68.1% |
£186,542 |
- |
- |
-100% |
£95,269 |
|
Gross Profit |
- |
- |
£32,737 |
999.9% |
-£1,906 |
- |
- |
- |
£3,618 |
|
Wages &
Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors
Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating
Profit |
- |
- |
£9,412 |
219.2% |
-£7,898 |
- |
- |
- |
-£693 |
|
Depreciation |
£7,748 |
999.9% |
£375 |
-20% |
£469 |
- |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
£9,412 |
219.2% |
-£7,898 |
- |
- |
- |
-£693 |
|
Taxation |
- |
- |
-£318 |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
£9,094 |
215.1% |
-£7,898 |
- |
- |
- |
-£693 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
- |
- |
£9,094 |
215.1% |
-£7,898 |
- |
- |
- |
-£693 |
Balance
Sheet
|
Date Of Accounts |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
|
Tangible Assets |
£30,991 |
999.9% |
£1,501 |
-20% |
£1,876 |
- |
0 |
- |
0 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
-100% |
£1,155 |
- |
0 |
|
Total Fixed
Assets |
£30,991 |
999.9% |
£1,501 |
-20% |
£1,876 |
62.4% |
£1,155 |
- |
0 |
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Cash |
£11,174 |
296.5% |
£2,818 |
-33.8% |
£4,254 |
448.9% |
£775 |
-13.4% |
£895 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current
Assets |
£11,174 |
296.5% |
£2,818 |
-33.8% |
£4,254 |
448.9% |
£775 |
-13.4% |
£895 |
|
Trade Creditors |
£42,589 |
- |
0 |
- |
0 |
-100% |
£1,319 |
- |
0 |
|
Bank Loans &
Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous
Current Liabilities |
0 |
-100% |
£2,512 |
-81.3% |
£13,417 |
- |
0 |
-100% |
£588 |
|
Total Current
Liabilities |
£42,589 |
999.9% |
£2,512 |
-81.3% |
£13,417 |
917.2% |
£1,319 |
124.3% |
£588 |
|
Bank Loans &
Overdrafts and LTL |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term
Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long
Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital
& Reserves
|
Date Of Accounts |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
|
Called Up Share
Capital |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
- |
£1,000 |
|
P & L Account
Reserve |
-£1,424 |
-276.5% |
£807 |
109.7% |
-£8,287 |
-999.9% |
-£389 |
43.9% |
-£693 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder
Funds |
-£424 |
-123.5% |
£1,807 |
124.8% |
-£7,287 |
-999.9% |
£611 |
99% |
£307 |
Other
Financial Items
|
Date Of Accounts |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
|
Net Worth |
-£424 |
-123.5% |
£1,807 |
124.8% |
-£7,287 |
-999.9% |
-£544 |
-277.2% |
£307 |
|
Working
Capital |
-£31,415 |
-999.9% |
£306 |
103.3% |
-£9,163 |
-999.9% |
-£544 |
-277.2% |
£307 |
|
Total Assets |
£42,165 |
876.3% |
£4,319 |
-29.5% |
£6,130 |
217.6% |
£1,930 |
115.6% |
£895 |
|
Total
Liabilities |
£42,589 |
999.9% |
£2,512 |
-81.3% |
£13,417 |
917.2% |
£1,319 |
124.3% |
£588 |
|
Net Assets |
-£424 |
-123.5% |
£1,807 |
124.8% |
-£7,287 |
-999.9% |
£611 |
99% |
£307 |
Miscellaneous
|
Date Of Accounts |
30/06/11 |
(%) |
30/06/10 |
(%) |
30/06/09 |
(%) |
30/06/08 |
(%) |
30/06/07 |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
-£424 |
-123.5% |
£1,807 |
124.8% |
-£7,287 |
-999.9% |
£611 |
99% |
£307 |
|
Number of
Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|
||||||||
|
Auditor Comments |
The company is
exempt from audit |
||||||||
|
Bankers |
|
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
30/06/11 |
30/06/10 |
30/06/09 |
30/06/08 |
30/06/07 |
|||
|
Pre-tax profit
margin % |
- |
10.20 |
-4.28 |
- |
-0.70 |
|||
|
Current ratio |
0.26 |
1.12 |
0.32 |
0.59 |
1.52 |
|||
|
Sales/Net Working
Capital |
- |
301.53 |
-20.15 |
- |
322.11 |
|||
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|||
|
Equity in % |
-1 |
41.80 |
-118.90 |
78.80 |
34.30 |
|||
|
Creditor Days |
- |
- |
- |
- |
- |
|||
|
Debtor Days |
- |
- |
- |
- |
- |
|||
|
Liquidity/Acid
Test |
0.26 |
1.12 |
0.31 |
0.58 |
1.52 |
|||
|
Return On Capital
Employed % |
- |
520.86 |
108.38 |
- |
-225.73 |
|||
|
Return On Total
Assets Employed % |
- |
217.92 |
-128.84 |
- |
-77.43 |
|||
|
Current Debt
Ratio |
-100.44 |
1.39 |
-1.84 |
2.15 |
1.91 |
|||
|
Total Debt Ratio |
-100.44 |
1.39 |
-1.84 |
2.15 |
1.91 |
|||
|
Stock Turnover
Ratio % |
- |
- |
- |
- |
- |
|||
|
Return on Net
Assets Employed % |
- |
520.86 |
108.38 |
- |
-225.73 |
|||
|
Limited
Company Report |
Your Login: Chirag Sangani Your User
ID: 100016658
|
|
|||||||
|
Company No: 05490942 |
|
||||||||
Status
History
No Status History
found
Event
History
|
Date |
Description |
|
10/07/2012 |
Annual Returns |
|
03/04/2012 |
New Accounts
Filed |
|
01/08/2011 |
Annual Returns |
|
31/03/2011 |
New Accounts
Filed |
|
31/03/2011 |
New Accounts
Filed |
|
11/08/2010 |
Annual Returns |
|
06/04/2010 |
New Accounts
Filed |
|
06/04/2010 |
New Accounts
Filed |
|
12/07/2009 |
Annual Returns |
|
12/06/2009 |
New Board Member
Mr S. Sarkar appointed |
|
01/04/2009 |
New Accounts
Filed |
|
02/08/2008 |
Annual Returns |
|
24/07/2008 |
Change of Name |
|
03/07/2008 |
Change in
Reg.Office |
|
03/07/2008 |
Change of Company
Postcode |
Previous
Company Names
|
Date |
Previous Name |
Companies
House Documents |
|
08/07/2008 |
MEDITERRANEAN
TRADING (UK) LTD |
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Group
structure
No group structure
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact CCJ
Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
02/11/2007 |
NORTHAMPTON CCBC |
£187 |
Judgement |
7XH20118 |
- |
Possible CCJs
Details
|
There are no
possible CCJ details |
Writ Details
|
No writs found |
Mortgage
Details
Creditor
Details
|
No Creditor Data |
||
|
Total Value |
- |
|
Trade Debtors
/ Bad Debt Detail
|
No Debtor Data |
||
|
Total Value |
- |
|
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
0 |
1 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
|
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.