MIRA INFORM REPORT

Report Date :

20.08.2014

IDENTIFICATION DETAILS

Name :	WESTZONE LTD

Registered Office :	115 Ullswater Crescent London SW15 3RE

Country :	United Kingdom

Financials (as on) :	31.03.2013

Date of Incorporation :	18.09.1996

Legal Form :	Private Limited with Share Capital

Line of Business :	Packaging Activities

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	Slow but correct
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 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderate Low Risk	B1
Moderate Risk	B2
Moderate High Risk	C1
High Risk	C2
Very High Risk	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

REGISTERED NAME & COMPANY SUMMARY

Company Name	WESTZONE LTD
Company No	03251338
Company Status	Active - Accounts Filed

DIRECTORS/MANAGEMENT

Current Directors

Name	Rana Kuwatly-Hakim	Date of Birth	20/08/1958
Officers Title		Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/10/1996
Address	115 Ullswater Crescent, London, SW15 3RE
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Nabil Hakim	Date of Birth	17/01/1952
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Director
Appointment Date	01/02/1999
Address	115 Ullswater Crescent, London, SW15 3RE

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Garth Thomas Broughton	0	2
Garth Thomas Broughton	0	2
FORM 10 DIRECTORS FD LTD	118	99276
FORM 10 SECRETARIES FD LTD	139	87062

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
RANA KUWATLY-HAKIM	GBP	80	ORDINARY	1	80
NABIL HAKIM	GBP	20	ORDINARY	1	20

PAYMENT INFORMATION

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

Profit & Loss

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
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	£399	-86.8%	£3,025	-40.9%	£5,118	-3.3%	£5,295	-4.4%	£5,539
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Tangible Assets	£1,607	117.2%	£740	-74.8%	£2,932	-63.6%	£8,050	-39.7%	£13,345
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£1,607	117.2%	£740	-74.8%	£2,932	-63.6%	£8,050	-39.7%	£13,345
Stock	£376,217	165.3%	£141,785	76.3%	£80,405	7.8%	£74,554	-9.3%	£82,167
Trade Debtors	£213,440	849.7%	£22,474	-80.7%	£116,608	6.1%	£109,950	135.6%	£46,662
Cash	£35,554	999.9%	£2,991	-32.9%	£4,458	-99%	£425,186	999.9%	£352
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£625,211	273.8%	£167,250	-17%	£201,471	-67%	£609,690	372%	£129,181
Trade Creditors	£486,114	335.5%	£111,624	-21%	£141,261	-73.9%	£540,601	379.8%	£112,671
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£486,114	335.5%	£111,624	-21%	£141,261	-73.9%	£540,601	379.8%	£112,671
Bank Loans & Overdrafts and LTL	£138,309	1.4%	£136,374	2.8%	£132,646	26.3%	£105,063	70.6%	£61,567
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£138,309	1.4%	£136,374	2.8%	£132,646	26.3%	£105,063	70.6%	£61,567

Capital & Reserves

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
P & L Account Reserve	£2,295	102.9%	-£80,108	-15.1%	-£69,604	-148.4%	-£28,024	11.9%	-£31,812
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£2,395	103%	-£80,008	-15.1%	-£69,504	-148.9%	-£27,924	11.9%	-£31,712

Other Financial Items

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Net Worth	£2,395	103%	-£80,008	-15.1%	-£69,504	-148.9%	-£27,924	11.9%	-£31,712
Working Capital	£139,097	150.1%	£55,626	-7.6%	£60,210	-12.9%	£69,089	318.5%	£16,510
Total Assets	£626,818	273.1%	£167,990	-17.8%	£204,403	-66.9%	£617,740	333.4%	£142,526
Total Liabilities	£624,423	151.8%	£247,998	-9.5%	£273,907	-57.6%	£645,664	270.6%	£174,238
Net Assets	£2,395	103%	-£80,008	-15.1%	-£69,504	-148.9%	-£27,924	11.9%	-£31,712

Cash Flow

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10	(%)	31/03/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£140,704	149.6%	£56,366	-10.7%	£63,142	-18.1%	£77,139	158.4%	£29,855
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/13	31/03/12	31/03/11	31/03/10	31/03/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.29	1.50	1.43	1.13	1.15
Sales/Net Working Capital	-	-	-	-	-
Gearing %	5774.90	-170.50	-190.80	-376.20	-194.10
Equity in %	0.40	-47.60	-34	-4.50	-22.20
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.51	0.22	0.85	0.98	0.41
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	202.97	-1.39	-2.03	-19.35	-3.55
Total Debt Ratio	260.71	-3.09	-3.94	-23.12	-5.49
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

Enquiries Trend

There have been 2 enquiries in the last 12 months.

There are an average of 0 reports taken each month.

Current Company Secretary

Name	Nabil Hakim	Date of Birth	17/01/1952
Officers Title	Mr	Nationality	British
Present Appointments	5	Function	Company Secretary
Appointment Date	01/07/2000
Address	115 Ullswater Crescent, London, SW15 3RE
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Status History

No Status History found

Event History

Date	Description
13/01/2014	New Accounts Filed	View Document
19/10/2013	Annual Returns	View Document
15/01/2013	New Accounts Filed	View Document
04/10/2012	Annual Returns	View Document
13/01/2012	New Accounts Filed	View Document
18/10/2011	Annual Returns	View Document
07/01/2011	New Accounts Filed	View Document
12/10/2010	Annual Returns	View Document
02/02/2010	New Accounts Filed	View Document
30/11/2009	Annual Returns	View Document
08/03/2009	New Accounts Filed	View Document
23/09/2008	Annual Returns	View Document
05/06/2008	New Accounts Filed	View Document
06/05/2008	Accounts Overdue	View Document
25/09/2007	Annual Returns

Previous Company Names

No Previous Names found

NOTES & COMMENTS

Commentary

No exact match CCJs are recorded against the company.
The company's credit rating has increased from 33 to 61 which indicates good creditworthiness.
There is insufficient data to indicate a change in this company's percentage of sales.
Net Worth increased by 103% during the latest trading period.

A 273.1% growth in Total Assets occurred during the latest trading period.
There is insufficient data to indicate a change in this company's pre-tax profit.
The company saw an increase in their Cash Balance of 999.9% 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 movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.
The company was established over 17 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.73
UK Pound	1	Rs.101.48
Euro	1	Rs.81.04

INFORMATION DETAILS

Analysis Done by :	DIV

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%)

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