MIRA INFORM REPORT

Report Date :

27.01.2014

IDENTIFICATION DETAILS

Name :	TREASURE HOUSE LIMITED
Registered Office :	Westbury 2nd Floor, 145-157 St John Street, London EC1V 4PY
Country :	United Kingdom
Financials (as on) :	30.06.2013
Date of Incorporation :	01.04.1985
Com. Reg. No.:	01901023
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacturer of Jewellery and Related Articles
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

Company Name	TREASURE HOUSE LIMITED	Company Number	01901023
Registered Address	WESTBURY 2ND FLOOR 145-157 ST JOHN STREET LONDON EC1V 4PY	Trading Address	45 Kirby Street London London EC1N 8TE

Website Address		http://www.treasurehouselimited.com
Telephone Number		-
TPS		-
Incorporation Date	01/04/1985		Company Status	Active - Accounts Filed
Previous Name			Type	Private limited with Share Capital
Date of Change	-		Filing Date of Accounts	25/10/2013
			Share Capital	£32
SIC03	3622		Currency	GBP
SIC03 Description	Manufacture of jewellery & related
SIC07	32120
SIC07 Description	MANUFACTURE OF JEWELLERY AND RELATED ARTICLES
Principal Activity	The manufacture and wholesale of fine jewellery.

DIRECTORS/MANAGEMENT

Total Current Directors	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Danny Ahron Cohen	Date of Birth	19/11/1961
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	31/12/1991
Address	45 Kirby Street, London, EC1N 8TE
Other Actions	View Director Report	View Consumer Report

Name	Enon Ahron Cohen	Date of Birth	02/05/1959
Officers Title		Nationality	British
Present Appointments	1	Function	Director
Appointment Date	31/12/1991
Address	45 Kirby Street, London, EC1N 8TE
Other Actions	View Director Report	View Consumer Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Danny Ahron Cohen	Date of Birth	19/11/1961
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	31/12/1991
Address	45 Kirby Street, London, EC1N 8TE

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

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

SHARE & SHARE CAPITAL INFORMATION

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
DANNY AHRON COHEN	GBP	16	ORDINARY	1	50
ENON AHRON COHEN	GBP	16	ORDINARY	1	50

PAYMENT INFORMATION

Payment Information Summary

Days Beyond Terms

Trend Indicator

                         Average Payment Experience 

16	15
Company DBT	UK Average DBT

Steady

Improving Worsening

Be the first to leave a payment experience
for this company

GROUP STRUCTURE & AFFILIATED COMPANIES

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group structure

No group structure

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
30/06/2013	-	-	£287,284	-
30/06/2012	-	-	£146,306	-
30/06/2011	-	-	£125,379	-

Profit & Loss

Date Of Accounts	30/06/13	30/06/12	30/06/11	30/06/10	30/06/09
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	£60,403	£42,537	£29,504	£34,317	£29,205
Audit Fees	-	-	-	-	-
Interest Payments	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-
Taxation	-	-	-	-	-
Profit After Tax	-	-	-	-	-
Dividends Payable	-	-	-	-	-
Retained Profit	-	-	-	-	-

Date Of Accounts	30/06/13	30/06/12	30/06/11	30/06/10	30/06/09
Tangible Assets	£176,417	£153,797	£152,413	£162,939	£141,830
Intangible Assets	0	0	0	0	0
Total Fixed Assets	£176,417	£153,797	£152,413	£162,939	£141,830
Stock	£2,143,303	£1,684,941	£1,455,104	£932,509	£850,207
Trade Debtors	£640,993	£423,969	£388,567	£359,568	£392,098
Cash	£128,296	£85,701	£161,130	£70,502	£153,894
Other Debtors	0	0	0	0	0
Miscellaneous Current Assets	0	0	0	0	0
Total Current Assets	£2,912,592	£2,194,611	£2,004,801	£1,362,579	£1,396,199
Trade Creditors	£1,273,039	£1,278,349	£1,003,422	£1,340,835	£1,340,244
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	£1,273,039	£1,278,349	£1,003,422	£1,340,835	£1,340,244
Bank Loans & Overdrafts and LTL	£1,528,686	£923,753	£1,028,413	£21,845	£17,236
Other Long Term Finance	0	0	0	0	0
Total Long Term Liabilities	£1,528,686	£923,753	£1,028,413	£21,845	£17,236

Capital & Reserves

Date Of Accounts	30/06/13	30/06/12	30/06/11	30/06/10	30/06/09
Called Up Share Capital	£32	£32	£48	£48	£48
P & L Account Reserve	£287,252	£146,274	£125,331	£162,790	£180,501
Revaluation Reserve	-	-	-	-	-
Sundry Reserves	-	-	-	-	-
Shareholder Funds	£287,284	£146,306	£125,379	£162,838	£180,549

Other Financial Items

Date Of Accounts	30/06/13	30/06/12	30/06/11	30/06/10	30/06/09
Net Worth	£287,284	£146,306	£125,379	£162,838	£180,549
Working Capital	£1,639,553	£916,262	£1,001,379	£21,744	£55,955
Total Assets	£3,089,009	£2,348,408	£2,157,214	£1,525,518	£1,538,029
Total Liabilities	£2,801,725	£2,202,102	£2,031,835	£1,362,680	£1,357,480
Net Assets	£287,284	£146,306	£125,379	£162,838	£180,549

Cash Flow

Date Of Accounts	30/06/13	30/06/12	30/06/11	30/06/10	30/06/09
Net Cash flow from Operations	-	-	-	-	-
Net Cash flow before Financing	-	-	-	-	-
Net Cash flow from Financing	-	-	-	-	-
Increase in Cash	-	-	-	-	-

Ratios

Date Of Accounts	30/06/13	30/06/12	30/06/11	30/06/10	30/06/09
Pre-tax profit margin %	-	-	-	-	-
Current ratio	2.29	1.72	2	1.02	1.04
Sales/Net Working Capital	-	-	-	-	-
Gearing %	532.10	631.40	820.20	13.40	9.50
Equity in %	9.30	6.20	5.80	10.70	11.70
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.60	0.39	0.54	0.32	0.40
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	4.43	8.73	8	8.23	7.42
Total Debt Ratio	9.75	15.05	16.20	8.36	7.51
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-

Miscellaneous

Date Of Accounts	30/06/13	(%)	30/06/12	(%)	30/06/11	(%)	30/06/10	(%)	30/06/09
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£1,815,970	69.7%	£1,070,059	-7.3%	£1,153,792	524.7%	£184,683	-6.6%	£197,785
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers	GIROBANK PLC
Bank Branch Code

ADDITIONAL INFORMATION

Status History

No Status History found

Event History

Date	Description
04/11/2013	New Accounts Filed
21/01/2013	Annual Returns
05/12/2012	New Accounts Filed
16/01/2012	Annual Returns
15/11/2011	Mr R.A. Cohen has left the board
10/10/2011	New Accounts Filed
20/01/2011	Annual Returns
30/11/2010	New Accounts Filed
23/03/2010	Annual Returns
20/11/2009	New Accounts Filed
04/02/2009	Annual Returns
23/11/2008	New Accounts Filed
22/04/2008	New Accounts Filed
18/02/2008	Change in Reg.Office
18/02/2008	Change of Company Postcode

Limit History

Date	Limit
04/11/2013	£30,000
06/08/2013	£20,000
22/03/2013	£20,500
04/12/2012	£25,000
15/11/2011	£22,000
10/10/2011	£25,000
18/03/2010	£10,000
10/11/2009	£8,000
20/02/2009	£8,500
04/02/2009	£20,000

NOTES & COMMENTS

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 50% 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 96.4% during the latest trading period.
A 31.5% 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 49.7% 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 28 years ago.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 62.17
UK Pound	1	Rs. 103.38
Euro	1	Rs. 85.08

INFORMATION DETAILS

Report Prepared by :

DPT

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.