|
Report Date : |
02.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
KCH EXPORTS (UK) LIMITED |
|
|
|
|
Registered Office : |
Unit 12 Barrett Industrial Park, Park Avenue Southall, UB1 3AF |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.01.2006 |
|
|
|
|
Com. Reg. No.: |
05664091 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesaler of textiles |
|
|
|
|
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 : |
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 |
|
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 |
|
Company
Name: |
KCH
EXPORTS (UK) LIMITED |
|
Company
Number: |
05664091 |
|
Registered
Address |
UNIT 12
BARRETT INDUSTRIAL PARK |
Trading
Address |
Unit 12
Barrett Industrial Park |
|
|
PARK
AVENUE |
|
Park
Avenue |
|
|
SOUTHALL |
|
Southall,
Middlesex |
|
|
UB1 3AF |
|
UB1 3AF |
|
Website
Address |
|
Telephone
Number |
|
|
- |
Fax
Number |
|
TPS |
|
- |
FPS |
No |
Incorporate
Date |
|
03/01/2006 |
|
|
Previous
Name |
|
|
Type |
Private
limited with Share Capital |
|
|
FTSE
Index |
- |
Date of
Change |
- |
|
Filing
Date of Accounts |
23/05/2014 |
Currency |
GBP |
|
Share
Capital |
£4 |
SIC07 |
46410 |
|
|
|
SIC07
Description |
|
|
WHOLESALE
OF TEXTILES |
Principal
Activity |
||
Current Directors
|
Name |
Date of
Birth |
01/01/1985 |
|
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
4 |
Function |
Director |
|
Appointment
Date |
01/02/2008 |
|
|
|
Address |
46 Ash
Grove, Heston, Hounslow, Middlesex, TW5 9DR |
||
|
Other
Actions |
|
||
Previous Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
0 |
2 |
|
|
0 |
1 |
CCJ
|
Total
Number of Exact CCJs - |
Total
Value of Exact CCJs - |
\csukserver01002INT'L CREDIT
REPORT2014.05.002014.05.31CCJDetails.aspx?CompanyNumber=05664091 |
|
|
Total
Number of Possible CCJs - |
Total
Value of Possible CCJs - |
\csukserver01002INT'L CREDIT
REPORT2014.05.002014.05.31CCJDetails.aspx?CompanyNumber=05664091 |
|
|
Total
Number of Satisfied CCJs - |
Total
Value of Satisfied CCJs - |
\csukserver01002INT'L CREDIT
REPORT2014.05.002014.05.31CCJDetails.aspx?CompanyNumber=05664091 |
|
|
Total
Number of Writs - |
- |
|
|
Exact CCJ Details
|
No CCJs
found |
Possible CCJs Details
|
There are
no possible CCJ details |
Writ Details
|
No writs
found |
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share
Type |
Nominal
Value |
% of
Total Share Count |
|
KIRAN
ENTERPRISES (UK) LTD |
GBP |
4 |
ORDINARY |
1 |
100 |
Payment Trend
Stable
Within terms
Within terms 91+ Days
Mortgage Details
|
Mortgage
Type: |
|
||
|
Date Charge
Created: |
02/01/14 |
|
|
|
Date
Charge Registered: |
07/01/14 |
|
|
|
Date
Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s)
Entitled: |
LLOYDS
BANK PLC; |
||
|
Amount
Secured: |
|
||
|
Details: |
CONTAINS FIXED
CHARGE.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE. |
||
Creditor Details
|
|
Total Number |
Total Value |
|
Trade
Creditors |
0 |
- |
|
No
Creditor Data |
Trade Debtors / Bad Debt Detail
|
|
Total Number of Documented Trade |
Total Value of Documented Trade |
|
Trade
Debtors |
- |
- |
|
No Debtor
Data |
|
Average
Invoice Value |
£310.42 |
|
Invoices
available |
3 |
|
Paid |
3 |
|
Outstanding
|
0 |
|
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 |
1 |
2 |
0 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
Statistics
|
Group |
4
companies |
|
Linkages |
|
|
Countries
|
Summary
|
Holding
Company |
KIRAN
TEXTILES GROUP LTD |
|
Ownership
Status |
Wholly
Owned |
|
Ultimate
Holding Company |
KIRAN
TEXTILES GROUP LTD |
Group structure
|
Company
Name |
|
Registered
Number |
Latest
Key Financials |
Consol.
Accounts |
Rating |
Limit |
Turnover |
|
|
04795820 |
31.12.2013 |
N |
84 |
£25,000 |
|
|
|
|
05664091 |
31.12.2013 |
N |
77 |
£25,000 |
|
|
|
|
06770688 |
31.12.2013 |
N |
60 |
£2,500 |
|
|
|
|
06514583 |
31.12.2013 |
N |
88 |
£25,000 |
|
Profit & Loss
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Weeks |
52 |
(%) |
39 |
(%) |
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 |
£2,462 |
896.8% |
£247 |
77.7% |
£139 |
-25.3% |
£186 |
-25% |
£248 |
|
Audit
Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest
Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit
After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Tangible
Assets |
£9,058 |
4.4% |
£8,673 |
999.9% |
£420 |
-24.9% |
£559 |
-25% |
£745 |
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Fixed Assets |
£9,058 |
4.4% |
£8,673 |
999.9% |
£420 |
-24.9% |
£559 |
-25% |
£745 |
|
Stock |
£105,182 |
15.2% |
£91,343 |
-6.3% |
£97,454 |
999.9% |
£3,200 |
- |
0 |
|
Trade
Debtors |
£560,689 |
-1.7% |
£570,455 |
7.5% |
£530,868 |
106.4% |
£257,150 |
324.2% |
£60,621 |
|
Cash |
£1,824 |
-86% |
£13,015 |
-29.2% |
£18,392 |
-67.9% |
£57,368 |
999.9% |
£3,594 |
|
Other
Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£667,695 |
-1.1% |
£674,813 |
4.3% |
£646,714 |
103.5% |
£317,718 |
394.8% |
£64,215 |
|
Trade
Creditors |
£556,571 |
12.5% |
£494,882 |
-0.3% |
£496,367 |
98.5% |
£250,107 |
350.7% |
£55,492 |
|
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 |
£556,571 |
12.5% |
£494,882 |
-0.3% |
£496,367 |
98.5% |
£250,107 |
350.7% |
£55,492 |
|
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 |
Capital & Reserves
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Called Up
Share Capital |
£4 |
- |
£4 |
- |
£4 |
- |
£4 |
- |
£4 |
|
P & L
Account Reserve |
£120,178 |
-36.3% |
£188,600 |
25.1% |
£150,763 |
121.2% |
£68,166 |
620.3% |
£9,464 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder
Funds |
£120,182 |
-36.3% |
£188,604 |
25.1% |
£150,767 |
121.2% |
£68,170 |
620% |
£9,468 |
Other Financial Items
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net Worth |
£120,182 |
-36.3% |
£188,604 |
25.1% |
£150,767 |
121.2% |
£68,170 |
620% |
£9,468 |
|
Working
Capital |
£111,124 |
-38.2% |
£179,931 |
19.7% |
£150,347 |
122.4% |
£67,611 |
675.1% |
£8,723 |
|
Total
Assets |
£676,753 |
-1% |
£683,486 |
5.6% |
£647,134 |
103.3% |
£318,277 |
390% |
£64,960 |
|
Total
Liabilities |
£556,571 |
12.5% |
£494,882 |
-0.3% |
£496,367 |
98.5% |
£250,107 |
350.7% |
£55,492 |
|
Net
Assets |
£120,182 |
-36.3% |
£188,604 |
25.1% |
£150,767 |
121.2% |
£68,170 |
620% |
£9,468 |
Cash Flow
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net
Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net
Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net
Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase
in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/12/13 |
(%) |
31/12/12 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital
Employed |
£120,182 |
-36.3% |
£188,604 |
25.1% |
£150,767 |
121.2% |
£68,170 |
620% |
£9,468 |
Ratios
|
Date Of Accounts |
31/12/13 |
31/12/12 |
31/03/12 |
31/03/11 |
31/03/10 |
|
Pre-tax
profit margin % |
- |
- |
- |
- |
- |
|
Current
ratio |
1.20 |
1.36 |
1.30 |
1.27 |
1.16 |
|
Sales/Net
Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in
% |
17.80 |
27.60 |
23.30 |
21.40 |
14.60 |
|
Creditor
Days |
- |
- |
- |
- |
- |
|
Debtor
Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid
Test |
1.01 |
1.17 |
1.10 |
1.25 |
1.15 |
|
Return On
Capital Employed % |
- |
- |
- |
- |
- |
|
Return On
Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current
Debt Ratio |
4.63 |
2.62 |
3.29 |
3.66 |
5.86 |
|
Total
Debt Ratio |
4.63 |
2.62 |
3.29 |
3.66 |
5.86 |
|
Stock
Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on
Net Assets Employed % |
- |
- |
- |
- |
- |
N/a
|
Number of
Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|
||||||||
|
Auditor
Comments |
The
company is exempt from audit |
||||||||
|
Bankers |
|
||||||||
|
Bank
Branch Code |
|
||||||||
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
28/05/2014 |
New
Accounts Filed |
|
04/12/2013 |
Annual
Returns |
|
19/07/2013 |
New
Accounts Filed |
|
03/12/2012 |
Annual
Returns |
|
10/09/2012 |
C.S.
Bhatia has resigned as company secretary |
|
01/08/2012 |
New
Accounts Filed |
|
21/01/2012 |
Annual
Returns |
|
03/10/2011 |
New
Accounts Filed |
|
09/02/2011 |
Annual
Returns |
|
05/01/2011 |
New
Accounts Filed |
|
04/03/2010 |
Annual
Returns |
|
25/01/2010 |
New
Accounts Filed |
|
05/03/2009 |
New
Accounts Filed |
|
15/01/2009 |
Annual
Returns |
|
09/01/2008 |
Annual
Returns |
Previous Company Names
|
No
Previous Names found |
Commentary
|
No exact
match CCJs are recorded against the company. |
|
|
Net Worth
decreased by 36.3% during the latest trading period. |
|
|
A 1%
decline in Total Assets occurred during the latest trading period. |
|
|
The company
saw a decrease in their Cash Balance of 86% during the latest trading period.
|
|
|
The
company is exempt from audit. |
|
|
No recent
changes in directorship are recorded. |
|
|
The
company is part of a group. |
|
|
The movement
in accumulated earnings would indicate that the company incurred a loss after
tax and other appropriations, including dividends. |
|
|
The
company was established over 8 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.03 |
|
|
1 |
Rs. 98.91 |
|
Euro |
1 |
Rs. 80.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.