MIRA INFORM REPORT

 

 

Report Date :

01.02.2014

 

IDENTIFICATION DETAILS

 

Name :

KIREI LIMITED

 

 

Registered Office :

211 Westbourne Park Road London W11 1EA

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

15.10.2007

 

 

Com. Reg. No.:

06399171

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

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, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. 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. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase

 

Source : CIA

 

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Summary – Company Information

Company Name

KIREI LIMITED

Company Number

06399171

 

 

 

Registered Address

211 WESTBOURNE PARK ROAD
LONDON
W11 1EA

Trading Address

69-71 East Street
Epsom
Surrey
KT17 1BP

 

 

 

Website Address

-

 

 

Telephone Number

-

 

 

TPS

-

 

 

Incorporation Date

15/10/2007

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

10/06/2013

 

 

Share Capital

£1

SIC03

5142

Currency

GBP

SIC03 Description

Wholesale of clothing and footwear

SIC07

46420

SIC07 Description

WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity

 

 

 

 

 

DIRECTORS/MANAGEMENT

 

Directors

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

5

 

 

Current Directors

 

Name

Neville Moss

Date of Birth

25/01/1961

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

29/09/2011

 

 

Address

18 Riverdale Road, Twickenham, Middlesex, TW1 2BS

Other Actions

View Director Report

View Consumer Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Hina Moss

Date of Birth

10/08/1961

Officers Title

Mrs

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

15/10/2007

 

 

Address

18 Riverdale Road, East Twickenham, Middlesex, TW1 2BS

Other Actions

View Director Report

View Consumer Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Hina Moss

Date of Birth

10/08/1961

Officers Title

Mrs

Nationality

British

Present Appointments

4

Function

Company Secretary

Appointment Date

15/10/2007

 

 

Address

18 Riverdale Road, East Twickenham, Middlesex, TW1 2BS

 

 

NEGATIVE INFORMATION

 

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

1

Satisfied

0

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

HINA MOSS

GBP

1

ORDINARY

1

100

 

 

PAYMENT INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2013

-

-

£235,245

-

31/03/2012

-

-

£15,999

-

31/03/2011

-

-

£44,082

-


Payment Information Summary

Days Beyond Terms

Trend Indicator

 

 

0

15

Company DBT

UK Average DBT

Steady

   

Improving Worsening

 

 

 

FINANCIAL INFORMATION

 

Financials

 

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

£2,593

34.5%

£1,928

-51%

£3,937

108%

£1,893

-7.4%

£2,044

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

£4,992

-12.5%

£5,703

10.2%

£5,177

-1.2%

£5,240

-4.2%

£5,467

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£4,992

-12.5%

£5,703

10.2%

£5,177

-1.2%

£5,240

-4.2%

£5,467

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

£831,133

37%

£606,580

-20.8%

£765,583

132.4%

£329,401

301.5%

£82,050

Cash

£146,209

175.9%

£53,000

-43.4%

£93,607

62%

£57,797

-24.4%

£76,491

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£977,342

48.2%

£659,580

-23.2%

£859,190

121.9%

£387,198

144.2%

£158,541

Trade Creditors

£746,091

15.1%

£648,144

-20.9%

£819,250

138.5%

£343,567

108.1%

£165,074

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

£746,091

15.1%

£648,144

-20.9%

£819,250

138.5%

£343,567

108.1%

£165,074

Bank Loans & Overdrafts and LTL

£998

-12.5%

£1,140

10.1%

£1,035

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£998

-12.5%

£1,140

10.1%

£1,035

-

0

-

0

 

Capital & Reserves

 

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Called Up Share Capital

£2

-

£2

-

£2

-

£2

-

£2

P & L Account Reserve

£235,243

999.9%

£15,997

-63.7%

£44,080

-9.8%

£48,869

999.9%

-£1,068

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£235,245

999.9%

£15,999

-63.7%

£44,082

-9.8%

£48,871

999.9%

-£1,066

 

Other Financial Items

 

Date Of Accounts

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

(%)

31/03/09

Net Worth

£235,245

999.9%

£15,999

-63.7%

£44,082

-9.8%

£48,871

999.9%

-£1,066

Working Capital

£231,251

999.9%

£11,436

-71.4%

£39,940

-8.5%

£43,631

767.9%

-£6,533

Total Assets

£982,334

47.7%

£665,283

-23%

£864,367

120.3%

£392,438

139.3%

£164,008

Total Liabilities

£747,089

15.1%

£649,284

-20.8%

£820,285

138.8%

£343,567

108.1%

£165,074

Net Assets

£235,245

999.9%

£15,999

-63.7%

£44,082

-9.8%

£48,871

999.9%

-£1,066

 

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

£236,243

999.9%

£17,139

-62%

£45,117

-7.7%

£48,871

999.9%

-£1,066

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

1.31

1.02

1.05

1.13

0.96

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0.40

7.10

2.30

0

0

Equity in %

23.90

2.40

5.10

12.50

-0.60

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.30

1.01

1.04

1.12

0.96

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

3.17

40.51

18.58

7.03

-154.85

Total Debt Ratio

3.17

40.58

18.60

7.03

-154.85

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

 

ADDITIONAL INFORMATION

 

Commentary

No exact match CCJs are recorded against the company.

There has been no significant change in the company's credit rating.

The credit limit on this company has risen 540% in comparison to the previously suggested credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

Net Worth increased by 999.9% during the latest trading period.

A 47.7% growth 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 an increase in their Cash Balance of 175.9% 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 6 years ago.

 

Event History

Status History

No Status History found

 

Event History

Date

Description

01/11/2013

Annual Returns

13/06/2013

New Accounts Filed

15/01/2013

New Accounts Filed

09/11/2012

Annual Returns

14/11/2011

Annual Returns

03/10/2011

Ms L. Friedl has left the board

03/10/2011

New Board Member Mr N. Moss appointed

03/09/2011

New Accounts Filed

16/12/2010

New Accounts Filed

19/11/2010

Annual Returns

11/06/2010

Change in Reg.Office

11/06/2010

Change of Company Postcode

25/12/2009

Annual Returns

26/11/2009

New Accounts Filed

21/09/2009

New Board Member Ms L. Friedl appointed

 

NOTES & COMMENTS

 

Na

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.48

UK Pound

1

Rs.102.95

Euro

1

Rs.84.60

 

 

INFORMATION DETAILS

 

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.