MIRA INFORM REPORT

 

 

Report Date :

22.09.2014

 

IDENTIFICATION DETAILS

 

Name :

BTM INTERNATIONAL UK LTD

 

 

Formerly Known As :

GLOBE VISION (UK) LTD

 

 

Registered Office :

80 Goodhall Street Park Royal London NW106TS

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2013

 

 

Date of Incorporation :

25.05.2001

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Importers and Distributors of Groceries

 

 

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 :

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.

 

 

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:            BTM INTERNATIONAL UK LTD

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Thiyagarajah Manoharan

Date of Birth

26/09/1960

Officers Title

 

Nationality

British

Present Appointments

9

Function

Director

Appointment Date

23/12/2001

 

 

Address

80 Goodhall Street, Park Royal, London, NW10 6TS

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Thiyagarajah Balasingham

Date of Birth

05/11/1954

Officers Title

 

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

31/10/2005

 

 

Address

80 Goodhall Street, Park Royal, London, NW10 6TS

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Ralph Jegaraj Thomas

7

15

Sheryl Bernadette Thomas

2

5

Sheryl Bernadette Thomas

2

5

Thiyagarajah Manoharan

9

6

Somasundram Rajasegaran

13

19

Anusha Balasingham

0

1

FORM 10 DIRECTORS FD LTD

122

52606

FORM 10 SECRETARIES FD LTD

148

52542

 

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage                           5

Outstanding                               2

Satisfied                                    3

 

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:

LEGAL MORTGAGE

Date Charge Created:

07/03/08

 

 

Date Charge Registered:

22/03/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

THE F/H PROPERTY K/A LAND AND BUILDINGSON THE NORTH SIDE OF GOODHALL STREET, LONDON T/NO AGL153678 WITH THE BENEFIT OFALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY. ANY RENTAL& OTHER MONEY PAYABLE AND ANY LEGAL LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALLOTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

19/02/08

 

 

Date Charge Registered:

22/02/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

14/12/05

 

 

Date Charge Registered:

23/12/05

 

 

Date Charge Satisfied:

06/06/11

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

 

Details:

THE PROPERTY K/A 80 GOODHALL STREET, WILLEDSEN, LONDONBY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS ANDUTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

29/11/05

 

 

Date Charge Registered:

01/12/05

 

 

Date Charge Satisfied:

06/06/11

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

 

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

04/03/05

 

 

Date Charge Registered:

05/03/05

 

 

Date Charge Satisfied:

06/06/11

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (SECURITY HOLDER)

Amount Secured:

 

Details:

BY WAY OF FIXED EQUITABLE CHARGE ALL FACTORED RECEIVABLES WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER PURSUANT TO THE AGREEMENT

 

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

THIYAGARAJAH BALASINGHAM

GBP

25

ORDINARY

1

25

SURIYAKALA MANOHARAN

GBP

25

ORDINARY

1

25

THIYAGARAJAH MANOHARAN

GBP

25

ORDINARY

1

25

ANUSHA BALASINGHAM

GBP

25

ORDINARY

1

25

 

 

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

248.25

Invoices available

24

Paid

24

Outstanding

0

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

10

11

2

1

0

Outstanding

0

0

0

0

0

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Previous Company Names

Date

Previous Name

29/05/2001

GLOBE VISION (UK) LTD

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 Summary

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

31/05/2013                    -                         -                                 £350,183                       -

31/05/2012                    -                         -                                 £315,892                       -

31/05/2011                    -                         -                                 £137,674                       -

 

Profit & Loss

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

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

£27,324

13.1%

£24,158

229.8%

£7,324

-55.7%

£16,543

-42%

£28,543

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Tangible Assets

£748,631

-2.6%

£768,911

1.5%

£757,406

-1.3%

£767,205

2.6%

£747,942

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£748,631

-2.6%

£768,911

1.5%

£757,406

-1.3%

£767,205

2.6%

£747,942

Stock

£232,997

33.1%

£175,092

46.9%

£119,217

21.7%

£97,957

-10.1%

£108,967

Trade Debtors

£422,069

-14.1%

£491,527

120.4%

£223,025

64.4%

£135,653

5%

£129,157

Cash

£107,766

-32.8%

£160,408

516.7%

£26,009

999.9%

£91

-6.2%

£97

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£762,832

-7.8%

£827,027

124.6%

£368,251

57.6%

£233,701

-1.9%

£238,221

Trade Creditors

£695,312

-10.7%

£778,492

63.3%

£476,813

30.6%

£365,133

14.5%

£318,794

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

£695,312

-10.7%

£778,492

63.3%

£476,813

30.6%

£365,133

14.5%

£318,794

Bank Loans & Overdrafts and LTL

£465,968

-7.1%

£501,554

-1.9%

£511,170

-5.9%

£543,433

-5.4%

£574,620

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£465,968

-7.1%

£501,554

-1.9%

£511,170

-5.9%

£543,433

-5.4%

£574,620

 

 

Capital & Reserves

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Called Up Share Capital

£100

-

£100

999.9%

£4

-

£4

-

£4

P & L Account Reserve

£39,425

667.9%

£5,134

103%

-£172,988

20.8%

-£218,322

-16.2%

-£187,913

Revaluation Reserve

£310,658

-

£310,658

-

£310,658

-

£310,658

10.7%

£280,658

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£350,183

10.9%

£315,892

129.4%

£137,674

49.1%

£92,340

-0.4%

£92,749

 

Other Financial Items

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Net Worth

£350,183

10.9%

£315,892

129.4%

£137,674

49.1%

£92,340

-0.4%

£92,749

Working Capital

£67,520

39.1%

£48,535

144.7%

-£108,562

17.4%

-£131,432

-63.1%

-£80,573

Total Assets

£1,511,463

-5.3%

£1,595,938

41.8%

£1,125,657

12.5%

£1,000,906

1.5%

£986,163

Total Liabilities

£1,161,280

-9.3%

£1,280,046

29.6%

£987,983

8.7%

£908,566

1.7%

£893,414

Net Assets

£350,183

10.9%

£315,892

129.4%

£137,674

49.1%

£92,340

-0.4%

£92,749

 

Cash Flow

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£816,151

-0.2%

£817,446

26%

£648,844

2.1%

£635,773

-4.7%

£667,369

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

 

 

 

 

 

 

 

 

Ratios

Date Of Accounts

31/05/13

31/05/12

31/05/11

31/05/10

31/05/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.10

1.06

0.77

0.64

0.75

Sales/Net Working Capital

-

-

-

-

-

Gearing %

133.10

158.80

371.30

588.50

619.50

Equity in %

23.20

19.80

12.20

9.20

9.40

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.76

0.83

0.52

0.37

0.40

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

1.98

2.46

3.46

3.95

3.43

Total Debt Ratio

3.31

4.05

7.17

9.83

9.63

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Enquiries Trend

There have been 25 enquiries in the last 12 months.

There are an average of 2 reports taken each month.

 

 

3 MONTHS

6 MONTHS

9 MONTHS

Enquiries

6

12

20

Show more

Total Current Directors

2

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

8

 

Status History

No Status History found

 

Event History

Date

Description

19/02/2014

New Accounts Filed

09/01/2014

Annual Returns

15/12/2012

New Accounts Filed

10/12/2012

Annual Returns

07/12/2012

T. Manoharan has resigned as company secretary

09/12/2011

Annual Returns

16/09/2011

New Accounts Filed

03/03/2011

New Accounts Filed

18/01/2011

Annual Returns

03/03/2010

New Accounts Filed

30/12/2009

Annual Returns

05/04/2009

New Accounts Filed

06/01/2009

Annual Returns

10/01/2008

New Accounts Filed

09/01/2008

Annual Returns

 

 

NOTES & COMMENTS

 

Commentary

No exact match CCJs are recorded against the company.

The company's credit rating has dropped from 68 to 61 but the company still indicates good creditworthiness.

The credit limit on this company has risen 123.1% in comparison to the previously suggested credit limit.

Net Worth increased by 10.9% during the latest trading period.

The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

 

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

A 5.3% decline 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 32.8% 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 company was established over 13 years ago.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.81

UK Pound

1

Rs.100.06

Euro

1

Rs.78.47

 

INFORMATION DETAILS

 

Analysis Done by :

 SUM

 

 

Report Prepared by :

SDA

 

               

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.