MIRA INFORM REPORT

 

 

Report Date :

09.07.2014

 

IDENTIFICATION DETAILS

 

Name :

VEDMOSS LIMITED

 

 

Registered Office :

30-34 New Bridge Street House New Bridge Street London EC4V 6BJ

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.10.2012

 

 

Date of Incorporation :

26.10.1999

 

 

Com. Reg. No.:

03865287

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Other food services

[We tried to confirm / obtain the detailed activity but the same is not available from any sources]

 

 

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 :

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 – March 31, 2014

 

Country Name

Previous Rating

(31.12.2013)

Current Rating

(31.03.2014)

United Kingdom 

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately 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:            VEDMOSS LIMITED

Company No:                03865287

Company Status:           Active - Accounts Filed

Registered Address:       30-34 NEW BRIDGE STREET HOUSE NEW BRIDGE STREET LONDON EC4V 6BJ

 

 

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

Current Directors

Name

Jai Kishan Agarwalla

Date of Birth

05/11/1965

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

26/10/1999

 

 

Address

8 Gibbon Road, London, W3 7AE

Other Actions

View Director Report

View Consumer Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Mohini Chandiramani

Date of Birth

15/04/1941

Officers Title

 

Nationality

Indian

Present Appointments

8

Function

Company Secretary

Appointment Date

26/10/1999

 

 

Address

318 Edgware Road, Crickelwood, London, NW2 6QD

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

COMPANY DIRECTORS LIMITED

9352

196298

TEMPLE SECRETARIES LIMITED

11630

198011

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage

3

Outstanding

3

Satisfied

0

 

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

 

Mortgage Details

Mortgage Type:

DEED OF CHARGE OVER CREDIT BALANCES

Date Charge Created:

04/08/10

 

 

Date Charge Registered:

14/08/10

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

THE CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM MG01 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) & THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN ASSIGNMENT BY THE CHARGORFOR THE PURPOSES OF & TO GIVE EFFECT TOTHE SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) & INTEREST THEREONBARCLAYS BANK PLC RE VEDMOSS LIMITED BUSINESS PREMIUM ACCOUNT AC/NO 53274691

 

Mortgage Type:

DEED OF CHARGE OVER CREDIT BALANCES

Date Charge Created:

05/01/07

 

 

Date Charge Registered:

12/01/07

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

BARCLAYS BANK PLC RE VEDMOSS LIMITED BUSINESS PREMIUM ACCOUNT, ACCOUNT NUMBER 50158186 THE CHARGE CREATES A FIXED CHARGE OVERALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF AND TO GIVE EFFECTTO THE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIREREPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON

 

Mortgage Type:

DEED OF CHARGE OVER CREDIT BALANCES

Date Charge Created:

08/05/01

 

 

Date Charge Registered:

15/05/01

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

BARCLAYS BANK PLC RE VEDMOSS LIMITED HIGH INTEREST BUSINESS ACCOUNT NUMBER 8059624 THE CHARGE CREATES A FIXED CHARGE OVERALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHARGORFOR THE PURPOSES OF AND TO GIVE EFFECTTO THE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MR JAI KISHAN AGARWALLA

GBP

1,000

ORDINARY

1

100

 

 

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

 

 

Profit & Loss

Date Of Accounts

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

(%)

31/10/08

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

-

-

-

-

-

-

-

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

(%)

31/10/08

Tangible Assets

0

-

0

-

0

-

0

-

0

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

0

-

0

-

0

-

0

-

0

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

£946,802

15.3%

£820,992

51.1%

£543,224

10.3%

£492,377

-31.4%

£717,233

Cash

£400

-82.7%

£2,315

517.3%

£375

-21.1%

£475

-61%

£1,218

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£947,202

15%

£823,307

51.5%

£543,599

10.3%

£492,852

-31.4%

£718,451

Trade Creditors

£672,159

33.2%

£504,745

113.3%

£236,625

-19.8%

£294,987

-44.8%

£534,789

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

£672,159

33.2%

£504,745

113.3%

£236,625

-19.8%

£294,987

-44.8%

£534,789

Bank Loans & Overdrafts and LTL

£55,596

-50.7%

£112,671

-0.9%

£113,714

516.5%

£18,446

-23.2%

£24,018

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£55,596

-50.7%

£112,671

-0.9%

£113,714

516.5%

£18,446

-23.2%

£24,018

 

Capital & Reserves

Date Of Accounts

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

(%)

31/10/08

Called Up Share Capital

£1,000

-

£1,000

-

£1,000

-

£1,000

-

£1,000

P & L Account Reserve

£218,447

6.6%

£204,891

6.6%

£192,260

7.8%

£178,419

12.5%

£158,644

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£219,447

6.6%

£205,891

6.5%

£193,260

7.7%

£179,419

12.4%

£159,644

 

Other Financial Items

Date Of Accounts

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

(%)

31/10/08

Net Worth

£219,447

6.6%

£205,891

6.5%

£193,260

7.7%

£179,419

12.4%

£159,644

Working Capital

£275,043

-13.7%

£318,562

3.8%

£306,974

55.1%

£197,865

7.7%

£183,662

Total Assets

£947,202

15%

£823,307

51.5%

£543,599

10.3%

£492,852

-31.4%

£718,451

Total Liabilities

£727,755

17.9%

£617,416

76.2%

£350,339

11.8%

£313,433

-43.9%

£558,807

Net Assets

£219,447

6.6%

£205,891

6.5%

£193,260

7.7%

£179,419

12.4%

£159,644

 

 

Miscellaneous

Date Of Accounts

31/10/12

(%)

31/10/11

(%)

31/10/10

(%)

31/10/09

(%)

31/10/08

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£275,043

-13.7%

£318,562

3.8%

£306,974

55.1%

£197,865

7.7%

£183,662

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

Ratios

Date Of Accounts

31/10/12

31/10/11

31/10/10

31/10/09

31/10/08

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.41

1.63

2.30

1.67

1.34

Sales/Net Working Capital

-

-

-

-

-

Gearing %

25.30

54.70

58.80

10.30

15

Equity in %

23.20

25

35.60

36.40

22.20

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

1.40

1.63

2.29

1.67

1.34

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

3.06

2.45

1.22

1.64

3.34

Total Debt Ratio

3.31

2.99

1.81

1.74

3.50

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 is insufficient data to indicate a change in this company's percentage of sales.            

Net Worth increased by 6.6% during the latest trading period.                                             

 

A 15% 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 a decrease in their Cash Balance of 82.7% 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 has changed its registered address recently.                                                 

The company was established over 14 years ago.                                                              

 

Enquiries Trend

The last enquiry date was 18/11/2013

There have been 1 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

1

 

Status History

No Status History found

 

Event History

Date

Description

05/11/2013

Annual Returns

24/07/2013

New Accounts Filed

15/11/2012

Change in Reg.Office

15/11/2012

Change of Company Postcode

02/11/2012

Annual Returns

18/07/2012

New Accounts Filed

19/04/2012

Change of Company Postcode

03/11/2011

Annual Returns

02/11/2011

Change of Company Postcode

29/06/2011

New Accounts Filed

20/11/2010

Annual Returns

30/07/2010

New Accounts Filed

23/12/2009

Annual Returns

09/11/2009

Annual Returns

01/09/2009

New Accounts Filed

 

Previous Company Names

No Previous Names found

 

NOTES & COMMENTS

 

Na

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.59.80

UK Pound

1

Rs.102.42

Euro

1

Rs.81.32

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NNA

 

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.