MIRA INFORM REPORT

 

 

Report Date :

14.08.2014

 

IDENTIFICATION DETAILS

 

Name :

SOUTH INDIA TRADING LTD

 

 

Registered Office :

South India Trading 17 B Welmar Mews London SW4 7DD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.01.2013

 

 

Date of Incorporation :

30.01.2012

 

 

Com. Reg. No.:

07928635

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Manufacturing of other wearing apparel and accessories

 

 

No. of Employees

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

Payment Behaviour :

Unknown

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase

 

Source : CIA

Company name and address

 

Company Name:          SOUTH INDIA TRADING LTD

Company No:              07928635

Company Status:         Non trading

Registered Address:     SOUTH INDIA TRADING

17 B WELMAR MEWS

LONDON SW4 7DD

 

 

Company summary

 

Company Name

SOUTH INDIA TRADING LTD

Company Number

07928635

 

Registered Address

SOUTH INDIA TRADING 17 B WELMAR MEWS LONDON SW4 7DD

 

Trading Address

SOUTH INDIA TRADING 17 B WELMAR MEWS LONDON SW4 7DD



Website Address

-

 

 

Telephone Number

-

 

 

TPS

-

FPS

No

Incorporation Date

30.01.2012

Company Status

Non trading

Previous Name

--

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

29/10/2014

 

 

Share Capital

£200

 

 

Currency

GBP

SIC03 Description

Manufacturing of other wearing apparel and accessories.

SIC07

14190

SIC07 Description

The company did not trade during via 31.01.2013

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

0

 

Current Directors

Name

Mary Helena Richard

Date of Birth

31/01/1954

Officers Title

Mrs

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

30/01/2012

 

 

Address

79 Tulsemere Road, London, SE27 9EH

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Sam Mulroe

Date of Birth

31/07/1981

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

30/01/2012

 

 

Address

12 E Castletown Road, Fulham, London, W14 9HQ

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Previous Director/Company Secretaries

No Previous Director Details

 

 

NEGATIVE INFORMATION

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

-

 

 

 

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

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

SAM MULROE

GBP

100

ORDINARY

1

50

MARY RICHARD

GBP

100

ORDINARY

1

50

 

 

PAYMENT INFORMATION

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade         0

Total Value of Documented Trade            £0

 

Trade Payment Information

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

 

 

 

 

 

Outstanding

 

 

 

 

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

Group structure

No group structure

 

 

FINANCIAL INFORMATION

 

Miscellaneous

 

Date Of Accounts

31/01/13

(%)

-

(%)

-

(%)

-

(%)

-

 

Contingent Liability

NO

-

-

-

-

-

-

-

-

Capital Employed

-

-

-

-

-

-

-

-

-

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

 

 

Auditor Comments

The company is exempt from audit

 

Bankers

 

 

Bank Branch Code

 

 

 

FOREIGN EXCHANGE RATES

 

 

Na

 

 

ADDITIONAL INFORMATION

 

Na

 

Enquiries Trend

There have been 0 enquiries in the last 12 months.

There are an average of 0 reports taken each month

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

0

0

0

 

Status History

No Status History found

 

Event History

Date

Description

27/06/2014

Annual Returns

04/11/2013

New Accounts Filed

31/10/2013

Change in Reg.Office

05/02/2013

Annual Returns

01/02/2012

New Board Member Mr S. Mulroe appointed

01/02/2012

New Board Member Mrs M.H. Richard appointed

 

Previous Company Names

No Previous Names found

 

 

NOTES & COMMENTS

 

Commentary

No comments to display

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.25

UK Pound

1

Rs.103.02

Euro

1

Rs.81.90

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

NIS

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.