MIRA INFORM REPORT

Report No. :	335627
Report Date :	10.08.2015

IDENTIFICATION DETAILS

Name :	STAUNCHEST INVESTMENT HOLDING LTD.

Registered Office :	43 Duke Street Edinburgh EH6 8HH

Country :	United Kingdom

Financials (as on) :	31.10.2013

Date of Incorporation :	04.10.2012

Com. Reg. No.:	SC434056

Legal Form :	Private limited with Share Capital

Line of Business :	Scientific and Technical Activities N.E.C. [We tried to confirm / obtain the detailed activity but the same is not available from any sources]

No. of Employee :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
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

Status :	Moderate
Payment Behaviour :	Slow
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, 2015

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

United Kingdom

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 third largest economy in Europe after Germany and France. 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. In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 5.8% in 2013. The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

Source : CIA

company name

Company Name: STAUNCHEST INVESTMENT HOLDING LTD.

Company No: SC434056

Company Status: Financial Statements too old

Report Summary

Company Summary

Registered Address

43 DUKE STREET
EDINBURGH
EH6 8HH

Trading Address

39-43 Duke Street
Edinburgh
Midlothian
EH6 8HH

Website Address -

Telephone Number -

TPS -

FPS No

Incorporation Date 04/10/2012

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 04/07/2014

Currency GBP

Share Capital £100

SIC07 74909

Charity Number -

SIC07 Description SCIENTIFIC AND TECHNICAL ACTIVITIES N.E.C.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/10/2013 - - -£1,789,413 -

- - - - -

Mortgage Summary

Total Mortgage 0

Outstanding 0

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

No comments to display

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 -	-

Total Current Directors	1
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0

Current Directors

Name	Joanne Wight	Date of Birth	02/10/1970
Officers Title	Ms	Nationality	British
Present Appointments	32	Function	Director
Appointment Date	04/10/2012
Address	43 Duke Street, Edinburgh, EH6 8HH

Current Company Secretary

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
JOANNE WIGHT	GBP	100	ORDINARY	1	100

Financials

Profit & Loss

Date Of Accounts	31/10/13	(%)	-	(%)	-	(%)	-	(%)	-
Weeks	56	(%)	-	(%)	-	(%)	-	(%)	-
Currency	GBP	(%)	-	(%)	-	(%)	-	(%)	-
Consolidated A/cs	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	31/10/13	(%)	-	(%)	-	(%)	-	(%)	-
Tangible Assets	0	-	-	-	-	-	-	-	-
Intangible Assets	0	-	-	-	-	-	-	-	-
Total Fixed Assets	0	-	-	-	-	-	-	-	-
Stock	0	-	-	-	-	-	-	-	-
Trade Debtors	£59,772	-	-	-	-	-	-	-	-
Cash	£4,252,009	-	-	-	-	-	-	-	-
Other Debtors	0	-	-	-	-	-	-	-	-
Miscellaneous Current Assets	0	-	-	-	-	-	-	-	-
Total Current Assets	£4,311,781	-	-	-	-	-	-	-	-
Trade Creditors	£6,101,194	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts	0	-	-	-	-	-	-	-	-
Other Short Term Finance	0	-	-	-	-	-	-	-	-
Miscellaneous Current Liabilities	0	-	-	-	-	-	-	-	-
Total Current Liabilities	£6,101,194	-	-	-	-	-	-	-	-
Bank Loans & Overdrafts and LTL	0	-	-	-	-	-	-	-	-
Other Long Term Finance	0	-	-	-	-	-	-	-	-
Total Long Term Liabilities	0	-	-	-	-	-	-	-	-

Capital & Reserves

Date Of Accounts	31/10/13	(%)	-	(%)	-	(%)	-	(%)	-
Called Up Share Capital	£1	-	-	-	-	-	-	-	-
P & L Account Reserve	-£1,789,414	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareolder Funds	-£1,789,413	-	-	-	-	-	-	-	-

Other Financial Items

Date Of Accounts	31/10/13	(%)	-	(%)	-	(%)	-	(%)	-
Net Worth	-£1,789,413	-	-	-	-	-	-	-	-
Working Capital	-£1,789,413	-	-	-	-	-	-	-	-
Total Assets	£4,311,781	-	-	-	-	-	-	-	-
Total Liabilities	£6,101,194	-	-	-	-	-	-	-	-
Net Assets	-£1,789,413	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	31/10/13	(%)	-	(%)	-	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/10/13	(%)	-	(%)	-	(%)	-	(%)	-
Contingent Liability	NO	-	-	-	-	-	-	-	-
Capital Employed	-£1,789,413	-	-	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/10/13	-	-	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	0.71	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	-	-	-	-
Equity in %	-41.50	-	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.70	-	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-3.40	-	-	-	-
Total Debt Ratio	-3.40	-	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
24/10/2014	Annual Returns
08/07/2014	New Accounts Filed
19/10/2013	Annual Returns
08/10/2012	New Board Member Ms J. Wight appointed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Previous Director/Company Secretaries

No Previous Director Details
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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.81
UK Pound	1	Rs.98.93
Euro	1	Rs.69.66

INFORMATION DETAILS

Analysis Done by :	KAR

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%)

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