MIRA INFORM REPORT
|
Report Date : |
21.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROSVAL U.K. LIMITED |
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|
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Formerly Known as: |
FORTUNE 219 LIMITED |
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Registered Office : |
4 George Street, Alderley Edge, Cheshire, Sk9 7ej |
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Country : |
United Kingdom |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
04.10.1996 |
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Com. Reg. No.: |
03259123 |
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Legal Form : |
Private limited with Share Capital |
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Line of Business : |
Non-specialised wholesale trade |
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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 : |
Good |
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Payment Behaviour : |
No Complaints |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
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 & address
|
Company Name: |
ROSVAL U.K. LIMITED |
|
Company No: |
03259123 |
|
Registered
Address: |
|
|
4 GEORGE STREET |
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|
ALDERLEY EDGE |
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|
CHESHIRE |
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|
SK9 7EJ |
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Company summary
|
Company Name |
ROSVAL U.K. LIMITED |
Company Number |
03259123 |
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|
|
Safe Number |
UK02917656 |
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Registered Address |
4 GEORGE STREET |
Trading Address |
4 George Street |
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|
ALDERLEY EDGE |
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|
CHESHIRE |
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|
SK9 7EJ |
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Website Address |
- |
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Telephone Number |
01625586800 |
Fax Number |
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TPS |
No |
FPS |
No |
|
Incorporation Date |
04/10/1996 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
FORTUNE 219 LIMITED |
Type |
Private limited with Share Capital |
|
Date of Change |
15/11/1996 |
Filing Date of Accounts |
05/03/2013 |
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|
|
Share Capital |
£90 |
|
SIC03 |
5190 |
Currency |
GBP |
|
SIC03 Description |
OTHER WHOLESALE |
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SIC07 |
46900 |
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|
SIC07 Description |
NON-SPECIALISED WHOLESALE TRADE |
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Principal Activity |
Wholesale. |
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Commentary
|
No exact match CCJs are recorded against the company. |
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There has been no significant change in the company's credit limit. |
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There is insufficient data to indicate a change in this companies
percentage of sales. |
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Net Worth increased by 0.9% during the latest trading period. |
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A 3.3% growth in Total Assets occurred during the latest trading
period. |
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There is insufficient data to indicate a change in this companies pre-tax profit. |
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The company saw an increase in their Cash Balance of 115% during the
latest trading period. |
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The audit report contains no adverse comments. |
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No recent changes in directorship are recorded. |
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The company is part of a group. |
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The positive change in the P&L Account Reserve suggests that the
company made a profit after tax and other appropriations. |
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The company was established over 16 years ago. |
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The company has recently filed accounts at Companies House |
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Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/07/2012 |
- |
- |
£71,097 |
- |
|
31/07/2011 |
- |
- |
£70,497 |
- |
|
31/07/2010 |
- |
- |
£63,273 |
- |
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
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||||
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Steady ImprovingWorsening |
Be the first to leave a payment experience
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CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
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|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
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|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
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|
|
Total Number of Writs - |
- |
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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
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
0 |
|
Total Current Directors |
3 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
2 |
Current Directors
|
Name |
Date of Birth |
29/04/1942 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
4 |
Function |
Director |
|
Appointment Date |
06/11/1996 |
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|
|
Address |
Windyhill 22 Moss Road, Alderley Edge, Cheshire, SK9 7HZ |
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|
Name |
Date of Birth |
20/11/1969 |
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|
Officers Title |
Ms |
Nationality |
Italian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
06/11/1996 |
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|
|
Address |
Corso Milano 19, Veduggio, 20050 |
||
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|
Name |
Date of Birth |
14/04/1960 |
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|
Officers Title |
Mr |
Nationality |
Italian |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
06/11/1996 |
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|
|
Address |
Via San Gimignano 4/a, Milano, 20146 |
||
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Current Company Secretary
|
Name |
Date of Birth |
07/03/1956 |
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|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Company Secretary |
|
Appointment Date |
06/11/1996 |
|
|
|
Address |
Windyhill 22 Moss Road, Alderley Edge, Cheshire, SK9 7HZ |
||
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Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
ROSVAL SRL |
GBP |
70 |
ORDINARY |
1 |
77.78 |
|
LUIGI TELMON |
GBP |
10 |
ORDINARY |
1 |
11.11 |
|
DAVID WINSTON JONES |
GBP |
10 |
ORDINARY |
1 |
11.11 |
Profit & Loss
|
Date Of Accounts |
31/07/12 |
31/07/11 |
31/07/10 |
31/07/09 |
31/07/08 |
|
Weeks |
52 |
52 |
52 |
52 |
52 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Consolidated A/cs |
N |
N |
N |
N |
N |
|
Turnover |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
|
Depreciation |
£2,441 |
£3,340 |
£4,459 |
£3,801 |
£4,652 |
|
Audit Fees |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/07/12 |
31/07/11 |
31/07/10 |
31/07/09 |
31/07/08 |
|
Tangible Assets |
£4,510 |
£4,156 |
£11,364 |
£11,890 |
£70,337 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
£4,510 |
£4,156 |
£11,364 |
£11,890 |
£70,337 |
|
Stock |
0 |
£7,603 |
£22,892 |
£17,586 |
£40,397 |
|
Trade Debtors |
£115,902 |
£177,177 |
£154,799 |
£108,078 |
£238,362 |
|
Cash |
£151,574 |
£70,510 |
£29,687 |
£31,259 |
£25,146 |
|
Other Debtors |
0 |
£3,783 |
0 |
0 |
0 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
0 |
|
Total Current Assets |
£267,476 |
£259,073 |
£207,378 |
£156,923 |
£303,905 |
|
Trade Creditors |
£200,889 |
£192,732 |
£92,521 |
£45,478 |
£239,250 |
|
Bank Loans & Overdrafts |
0 |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
0 |
0 |
£62,948 |
£66,215 |
0 |
|
Miscellaneous Current Liabilities |
0 |
0 |
0 |
0 |
0 |
|
Total Current Liabilities |
£200,889 |
£192,732 |
£155,469 |
£111,693 |
£239,250 |
|
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 |
31/07/12 |
31/07/11 |
31/07/10 |
31/07/09 |
31/07/08 |
|
Called Up Share Capital |
£90 |
£90 |
£90 |
£90 |
£90 |
|
P & L Account Reserve |
£71,007 |
£70,407 |
£63,183 |
£57,030 |
£134,902 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£71,097 |
£70,497 |
£63,273 |
£57,120 |
£134,992 |
Other Financial Items
|
Date Of Accounts |
31/07/12 |
31/07/11 |
31/07/10 |
31/07/09 |
31/07/08 |
|
Net Worth |
£71,097 |
£70,497 |
£63,273 |
£57,120 |
£134,992 |
|
Working Capital |
£66,587 |
£66,341 |
£51,909 |
£45,230 |
£64,655 |
|
Total Assets |
£271,986 |
£263,229 |
£218,742 |
£168,813 |
£374,242 |
|
Total Liabilities |
£200,889 |
£192,732 |
£155,469 |
£111,693 |
£239,250 |
|
Net Assets |
£71,097 |
£70,497 |
£63,273 |
£57,120 |
£134,992 |
Miscellaneous
|
Date Of Accounts |
31/07/12 |
31/07/11 |
31/07/10 |
31/07/09 |
31/07/08 |
|
Contingent Liability |
NO |
NO |
NO |
NO |
NO |
|
Capital Employed |
£71,097 |
£70,497 |
£63,273 |
£57,120 |
£134,992 |
|
Number of Employees |
- |
- |
- |
- |
- |
|
Auditors |
SAGARS LLP |
|
Auditor Comments |
The audit report contains no adverse comments |
Ratios
|
Date Of Accounts |
31/07/12 |
31/07/11 |
31/07/10 |
31/07/09 |
31/07/08 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
1.33 |
1.34 |
1.33 |
1.40 |
1.27 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
26.10 |
26.80 |
28.90 |
33.80 |
36.10 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
1.33 |
1.30 |
1.18 |
1.24 |
1.10 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
2.82 |
2.73 |
2.45 |
1.95 |
1.77 |
|
Total Debt Ratio |
2.82 |
2.73 |
2.45 |
1.95 |
1.77 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Status History
|
No Status History found |
*Event History
|
Date |
Description |
|
12/03/2013 |
New Accounts Filed |
|
05/10/2012 |
Annual Returns |
|
09/03/2012 |
New Accounts Filed |
|
10/10/2011 |
Annual Returns |
|
09/02/2011 |
New Accounts Filed |
|
09/02/2011 |
New Accounts Filed |
|
18/10/2010 |
Annual Returns |
|
29/03/2010 |
New Accounts Filed |
|
21/10/2009 |
Annual Returns |
|
17/06/2009 |
New Accounts Filed |
|
14/10/2008 |
Annual Returns |
|
05/06/2008 |
New Accounts Filed |
|
16/10/2007 |
Annual Returns |
|
03/04/2007 |
New Accounts Filed |
|
05/04/2006 |
New Accounts Filed |
Previous Company Names
|
Date |
Previous Name |
|
15/11/1996 |
FORTUNE 219 LIMITED |
Statistics
|
Group |
2 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
Intermediately Owned |
|
Ultimate Holding Company |
ROSVAL SRL |
Group structure
|
COMPANY NAME |
|
REGISTERED NUMBER |
LATEST KEY FINANCIALS |
CONSOL. ACCOUNTS |
TURNOVER |
|
|
|
N/A |
- |
- |
|
|
|
|
03259123 |
31.07.2012 |
N |
|
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact CCJ Details
|
No CCJs found |
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 |
|
3 |
104 |
|
|
7 |
152 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.38 |
|
UK Pound |
1 |
Rs.82.07 |
|
Euro |
1 |
Rs.70.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.