MIRA INFORM REPORT
|
Report Date : |
24.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
EYEOL U.K. LIMITED |
|
|
|
|
Registered Office : |
1st Floor, St Giles House, 15-21 Victoria Road, Bletchley Milton Keynes, MK2 2NG |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.04.2013 |
|
|
|
|
Date of Incorporation : |
23.09.2002 |
|
|
|
|
Legal Form : |
Private Limited With
Share Capital |
|
|
|
|
Line of Business : |
Subject is engaged in the Human health activities |
|
|
|
|
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 – 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
EYEOL U.K. LIMITED
DIRECTORS/MANAGEMENT
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
5 |
Current Directors
|
Name |
Date of Birth |
06/12/1939 |
|
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
23/09/2002 |
|
|
|
Address |
1st Floor St Giles House, 15-21 Victoria Road, Bletchley Milton Keynes,
Buckinghamshire, MK2 2NG |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
16/09/1980 |
|
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
04/06/2014 |
|
|
|
Address |
1st Floor St Giles House, 15-21 Victoria Road, Bletchley Milton Keynes,
Buckinghamshire, MK2 2NG |
||
|
Other Actions |
|
||
Current Company
Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
Ms |
Nationality |
|
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
29/01/2013 |
|
|
|
Address |
1st Floor St Giles House, 15-21 Victoria Road, Bletchley Milton
Keynes, Buckinghamshire, MK2 2NG |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
0 |
1 |
|
|
0 |
1 |
|
|
9352 |
196298 |
|
|
11630 |
198011 |
|
|
0 |
1 |
NEGATIVE INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
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: |
MORTGAGE |
||
|
Date Charge Created: |
04/04/08 |
|
|
|
Date Charge Registered: |
05/04/08 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
LLOYDS TSB BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
THE FREEHOLD PROPERTY KNOWN AS OR BEINGUNIT 8 APEX BUSINESS CENTRE,
BOSCOMBE ROAD, DUNSTABLE, BEDS T/N BD140011 TOGETHER WITH ALL BUILDINGS &
FIXTURES (INCLUDING TRADE FIXTURES). FIXED PLANT & MACHINERY BY WAY OF
FIXED CHARGE, ALL PRESENT& FUTURE BOOK & OTHER DEBTS, FLOATING CHARGE
OVER ALL MOVEABLEPLANT MACHINERY,IMPLEMENTS, UTENSILS, FURNITURE &
EQUIPMENT BY WAY OF ASSIGNMENT. THE GOODWILL OF THE BUSINESS (IF ANY), THE
FULL BENEFIT OF ALL LICENCES & GUARANTEES |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
J. DAVE |
GBP |
45 |
ORDINARY |
1 |
45 |
|
PURNIMA DAVE |
GBP |
35 |
ORDINARY |
1 |
35 |
|
I. DAVE |
GBP |
10 |
ORDINARY |
1 |
10 |
|
N.M. DA COSTA |
GBP |
10 |
ORDINARY |
1 |
10 |
PAYMENT
INFORMATION
|
Average Invoice Value |
£42.92 |
|
Invoices available |
18 |
|
Paid |
18 |
|
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 |
8 |
9 |
1 |
0 |
0 |
|
Outstanding |
0 |
0 |
0 |
0 |
0 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Group structure
No group structure
FINANCIAL
INFORMATION
Profit & Loss
|
Date
Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
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 |
£8,661 |
175.9% |
£3,139 |
0.4% |
£3,126 |
-3.3% |
£3,233 |
-4.7% |
£3,394 |
|
Audit
Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest
Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre
Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit
After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date
Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
Tangible
Assets |
£278,751 |
5.2% |
£264,944 |
-1% |
£267,656 |
-1.1% |
£270,728 |
-1.2% |
£273,961 |
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Fixed Assets |
£278,751 |
5.2% |
£264,944 |
-1% |
£267,656 |
-1.1% |
£270,728 |
-1.2% |
£273,961 |
|
Stock |
£452,700 |
62.5% |
£278,547 |
-14.4% |
£325,460 |
158.2% |
£126,030 |
-8% |
£137,048 |
|
Trade
Debtors |
£1,139,004 |
98.7% |
£573,336 |
-9.5% |
£633,735 |
30.5% |
£485,694 |
49.9% |
£324,052 |
|
Cash |
£1,150,893 |
170.6% |
£425,257 |
42.8% |
£297,779 |
46.7% |
£202,979 |
80% |
£112,771 |
|
Other
Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£2,742,597 |
114.7% |
£1,277,140 |
1.6% |
£1,256,974 |
54.3% |
£814,703 |
42% |
£573,871 |
|
Trade
Creditors |
£1,655,095 |
138.5% |
£693,924 |
-22.5% |
£895,053 |
54.5% |
£579,249 |
18.6% |
£488,591 |
|
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 |
£1,655,095 |
138.5% |
£693,924 |
-22.5% |
£895,053 |
54.5% |
£579,249 |
18.6% |
£488,591 |
|
Bank
Loans & Overdrafts and LTL |
£133,863 |
-0.1% |
£134,047 |
-8% |
£145,649 |
-7.3% |
£157,073 |
-8.2% |
£171,072 |
|
Other
Long Term Finance |
£71,067 |
-15.7% |
£84,270 |
- |
0 |
-100% |
£109,638 |
-19.6% |
£136,289 |
|
Total
Long Term Liabilities |
£133,863 |
-0.1% |
£134,047 |
-8% |
£145,649 |
-7.3% |
£157,073 |
-8.2% |
£171,072 |
Capital &
Reserves
|
Date
Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
Called
Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
P
& L Account Reserve |
£1,232,290 |
72.6% |
£714,013 |
47.6% |
£483,828 |
38.6% |
£349,009 |
85.6% |
£188,069 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry
Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder
Funds |
£1,232,390 |
72.6% |
£714,113 |
47.6% |
£483,928 |
38.6% |
£349,109 |
85.5% |
£188,169 |
Other Financial
Items
|
Date
Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
Net
Worth |
£1,232,390 |
72.6% |
£714,113 |
47.6% |
£483,928 |
38.6% |
£349,109 |
85.5% |
£188,169 |
|
Working
Capital |
£1,087,502 |
86.5% |
£583,216 |
61.1% |
£361,921 |
53.7% |
£235,454 |
176.1% |
£85,280 |
|
Total
Assets |
£3,021,348 |
95.9% |
£1,542,084 |
1.1% |
£1,524,630 |
40.5% |
£1,085,431 |
28% |
£847,832 |
|
Total
Liabilities |
£1,788,958 |
116.1% |
£827,971 |
-20.4% |
£1,040,702 |
41.3% |
£736,322 |
11.6% |
£659,663 |
|
Net
Assets |
£1,232,390 |
72.6% |
£714,113 |
47.6% |
£483,928 |
38.6% |
£349,109 |
85.5% |
£188,169 |
Miscellaneous
|
Date
Of Accounts |
30/04/13 |
(%) |
30/04/12 |
(%) |
30/04/11 |
(%) |
30/04/10 |
(%) |
30/04/09 |
|
Contingent
Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital
Employed |
£1,366,253 |
61.1% |
£848,160 |
34.7% |
£629,577 |
24.4% |
£506,182 |
40.9% |
£359,241 |
|
Number
of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|
||||||||
|
Auditor
Comments |
The
company is exempt from audit |
||||||||
|
Bankers |
|
||||||||
|
Bank
Branch Code |
|
||||||||
Ratios
|
Date
Of Accounts |
30/04/13 |
30/04/12 |
30/04/11 |
30/04/10 |
30/04/09 |
|
Pre-tax
profit margin % |
- |
- |
- |
- |
- |
|
Current
ratio |
1.66 |
1.84 |
1.40 |
1.41 |
1.17 |
|
Sales/Net
Working Capital |
- |
- |
- |
- |
- |
|
Gearing
% |
10.90 |
18.80 |
30.10 |
45 |
90.90 |
|
Equity
in % |
40.80 |
46.30 |
31.70 |
32.20 |
22.20 |
|
Creditor
Days |
- |
- |
- |
- |
- |
|
Debtor
Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid
Test |
1.38 |
1.43 |
1.04 |
1.18 |
0.89 |
|
Return
On Capital Employed % |
- |
- |
- |
- |
- |
|
Return
On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current
Debt Ratio |
1.34 |
0.97 |
1.84 |
1.65 |
2.59 |
|
Total
Debt Ratio |
1.45 |
1.15 |
2.15 |
2.10 |
3.50 |
|
Stock
Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return
on Net Assets Employed % |
- |
- |
- |
- |
- |
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 |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
11/06/2014 |
New Board Member Ms N.M. Da Costa appointed |
|
23/11/2013 |
New Accounts Filed |
|
23/11/2013 |
New Accounts Filed |
|
19/10/2013 |
Annual Returns |
|
31/01/2013 |
Mrs B. Dacosta has resigned as company secretary |
|
31/01/2013 |
New Company Secretary Ms N.M. Da Costa appointed |
|
17/10/2012 |
New Accounts Filed |
|
01/10/2012 |
Annual Returns |
|
05/12/2011 |
New Accounts Filed |
|
11/10/2011 |
Annual Returns |
|
29/10/2010 |
Annual Returns |
|
14/10/2010 |
New Accounts Filed |
|
12/08/2010 |
I. Dave has resigned as company secretary |
|
12/08/2010 |
New Company Secretary Mrs B. Dacosta appointed |
|
29/10/2009 |
Annual Returns |
Previous Company
Names
|
No Previous Names found |
NOTES
& COMMENTS
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 72.6% during the latest trading period.
A 95.9% 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 an
increase in their Cash Balance of 170.6% 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 11 years ago.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.102.56 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.