.
MIRA
INFORM REPORT
|
Report Date : |
28.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNZE ( |
|
|
|
|
Registered Office : |
Unit 1-2 The Mews
2A |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
20.06.2008 |
|
|
|
|
Com. Reg. No.: |
06625935 |
|
|
|
|
Legal Form : |
Private limited
with Share Capital |
|
|
|
|
Line of Business : |
Retailer of
footwear & leather goods |
|
|
|
|
No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – 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 |
UNZE (UK) LIMITED |
Company
Number |
06625935 |
|
Registered
Address |
UNIT 1-2 THE MEWS |
Trading
Address |
Unit 1-2 The Mews |
|
|
|
|
|
|
Telephone
Number |
03331238693 |
|
|
|
TPS |
No |
|
|
|
Incorporation
Date |
20/06/2008 |
Company
Status |
Active - Accounts Filed |
|
Previous
Name |
|
Type |
Private limited with Share Capital |
|
Date
of Change |
- |
Filing
Date of Accounts |
22/11/2013 |
|
|
|
Share
Capital |
£100 |
|
SIC03 |
5243 |
Currency
|
GBP |
|
SIC03
Description |
Retail of footwear & leather goods |
||
|
SIC07 |
47721 |
||
|
SIC07
Description |
RETAIL SALE OF FOOTWEAR IN SPECIALISED STORES
|
||
DIRECTORS/MANAGEMENT
Directors
|
Total Current Directors |
1 |
|
Total Current Secretaries |
0 |
|
Total Previous Directors / Company
Secretaries |
6 |
Current Directors
|
Name |
Date of Birth |
19/01/1980 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
10 |
Function |
Director |
|
Appointment Date |
01/03/2010 |
|
|
|
Address |
18 Plashet Road, Plaistow, London, E13 0PU |
||
Current Company Secretary
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 - |
|
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 |
|
KHURAM SALEEM |
GBP |
90 |
ORDINARY |
1 |
90 |
|
SHAHIDA SALEEM |
GBP |
10 |
ORDINARY |
1 |
10 |
|
Share
Capital |
£100 |
PAYMENT INFORMATION
Summary – Payment History
Last 3 Years Credit Rating / Limit
|
Date |
Rating |
Limit |
|
31/12/2013 |
37 |
£750 |
|
31/12/2012 |
31 |
£500 |
|
31/12/2011 |
39 |
£500 |
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/03/2013 |
- |
- |
£36,271 |
- |
|
31/03/2012 |
- |
- |
£18,185 |
- |
|
31/03/2011 |
- |
- |
£7,212 |
- |
Payment Information Summary
|
Days
Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to leave a payment experience
|
|
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%20LIMITED%20-%20251653%2028-Jan-2014_files/image002.gif){kind=small}
GROUP STRUCTURE & AFFILIATED COMPANIES
Group Structure
Statistics
|
Group |
- |
|
Linkages
|
0 companies |
|
Countries
|
In 0 countries |
Group structure
No group structure
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 |
Balance Sheet
|
|
Date Of Accounts |
31/03/13 |
|
31/03/12 |
|
31/03/11 |
|
31/03/10 |
|
31/03/09 |
|
|
Tangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Intangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Fixed Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Stock |
£155,128 |
|
£138,323 |
|
£86,076 |
|
0 |
|
0 |
|
|
Trade Debtors |
£20,121 |
|
£8,500 |
|
£12,500 |
|
0 |
|
0 |
|
|
Cash |
£4,137 |
|
£540 |
|
£3,557 |
|
0 |
|
0 |
|
|
Other Debtors |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Miscellaneous Current Assets |
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
|
Total Current Assets |
£179,386 |
|
£147,363 |
|
£102,133 |
|
0 |
|
0 |
|
|
Trade Creditors |
£143,115 |
|
£129,178 |
|
£94,921 |
|
0 |
|
0 |
|
|
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 |
£143,115 |
|
£129,178 |
|
£94,921 |
|
0 |
|
0 |
|
|
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 |
%20LIMITED%20-%20251653%2028-Jan-2014_files/image004.gif){kind=small}
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 |
|
- |
|
- |
|
|
P & L Account Reserve |
£36,171 |
|
£18,085 |
|
£7,112 |
|
- |
|
- |
|
|
Revaluation Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Sundry Reserves |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Shareholder Funds |
£36,271 |
|
£18,185 |
|
£7,212 |
|
- |
|
- |
Other Financial Items
|
|
Date Of Accounts |
31/03/13 |
|
31/03/12 |
|
31/03/11 |
|
31/03/10 |
|
31/03/09 |
|
|
Net Worth |
£36,271 |
|
£18,185 |
|
£7,212 |
|
- |
|
- |
|
|
Working Capital |
£36,271 |
|
£18,185 |
|
£7,212 |
|
- |
|
- |
|
|
Total Assets |
£179,386 |
|
£147,363 |
|
£102,133 |
|
- |
|
- |
|
|
Total Liabilities |
£143,115 |
|
£129,178 |
|
£94,921 |
|
- |
|
- |
|
|
Net Assets |
£36,271 |
|
£18,185 |
|
£7,212 |
|
- |
|
- |
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 |
£36,271 |
|
£18,185 |
|
£7,212 |
|
- |
|
- |
|
|
Number of Employees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Auditor Comments |
The company is exempt from audit |
||||||||
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 |
1.25 |
1.14 |
1.08 |
- |
- |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
|
Equity in % |
20.20 |
12.30 |
7.10 |
- |
- |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.16 |
0.06 |
0.16 |
- |
- |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
3.94 |
7.10 |
13.16 |
- |
- |
|
|
Total Debt Ratio |
3.94 |
7.10 |
13.16 |
- |
- |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
ADDITIONAL INFORMATION
|
No exact match CCJs are recorded against the
company. |
|
|
There is insufficient data to indicate a
change in this companies percentage of sales. |
|
|
Net Worth increased by 99.5% during the
latest trading period. |
|
|
A 21.7% 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 666.1% during the latest trading period. |
|
|
The company is exempt from audit. |
|
|
The company has undergone recent changes in
its directorships. |
|
|
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 5 years
ago. |
|
%20LIMITED%20-%20251653%2028-Jan-2014_files/image005.gif){kind=small}
%20LIMITED%20-%20251653%2028-Jan-2014_files/image006.gif){kind=small}
Event History
Status History
|
No Status History found |
*Event History
|
Date |
Description |
|
21/01/2014 |
Annual Returns |
|
20/01/2014 |
Annual Returns |
|
14/01/2014 |
Annual Returns |
|
13/01/2014 |
Mr M. Saleem has left the board |
|
31/12/2013 |
New Board Member Mr M. Saleem appointed |
|
23/12/2013 |
Annual Returns |
|
18/12/2013 |
Mr K. Saleem has left the board |
|
18/12/2013 |
New Board Member Mr M. Saleem appointed |
|
27/11/2013 |
New Accounts Filed |
|
16/08/2013 |
Annual Returns |
|
15/08/2013 |
Mr M. Saleem has left the board |
|
05/01/2013 |
New Accounts Filed |
|
17/09/2012 |
Annual Returns |
|
06/12/2011 |
New Accounts Filed |
|
01/08/2011 |
Annual Returns |
Previous Company Names
No Previous Names found
NOTES & COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.71 |
|
|
1 |
Rs. 103.50 |
|
Euro |
1 |
Rs. 85.82 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.