MIRA INFORM REPORT

Report No. :	352893
Report Date :	08.12.2015

IDENTIFICATION DETAILS

Name :	I.T.A.S. LIMITED

Registered Office :	1 Charterhouse Mews, London, EC1M 6BB

Country :	United Kingdom

Financials (as on) :	31.03.2014

Date of Incorporation :	24.03.1988

Com. Reg. No.:	02235472

Legal Form :	Private Limited with Share Capital

Line of Business :	Support Services to Forestry

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company

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, 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 has been a net importer of energy since 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 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

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).

Source : CIA

Company Name and address

Company Name: I.T.A.S. LIMITED

Company No: 02235472

Company Status: Active - Accounts Filed

Registered Address: 1 CHARTERHOUSE MEWS LONDON EC1M 6BB

Company Summary

Registered Address 1 CHARTERHOUSE MEWS, LONDON, EC1M 6BB

Trading Address 1 Charterhouse Mews, London, EC1M 6BB

Website Address http://www.forestry-investments.co.uk

Telephone Number 02033070006

Fax Number -

TPS No

FPS No

Incorporation Date 24/03/1988

Previous Name -

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 31/12/2014

Currency GBP

Share Capital £100

SIC07 02400

Charity Number -

SIC07 Description SUPPORT SERVICES TO FORESTRY

Principal Activity -

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/03/2014 - - £64,006 -

31/03/2013 - - £38,394 -

31/03/2012 - - £23,065 -

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

This company has been treated as a Small company in respect of the rating/limit generated.
The latest Balance Sheet indicates a positive net working capital position.
The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.
There has been an increase in shareholders funds compared with the previous balance sheet.
This company trades in an industry with a lower level of corporate failures.

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	2
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Michael James Byrne	Date of Birth	06/05/1947
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	25/12/1991
Address	Nyleve Godolphin Road, Weybridge, Surrey, KT13 0PT

Name	Adrian Byrne	Date of Birth	12/02/1976
Officers Title	Mr	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	28/08/2015
Address	1 Charterhouse Mews, London, EC1M 6BB

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MRS CLARICE NELLA BYRNE	GBP	50	ORDINARY	1	50
MR MICHAEL JAMES BYRNE	GBP	50	ORDINARY	1	50

Financials

Profit & Loss

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	30/09/10	(%)	30/09/09
	Weeks	52	(%)	52	(%)	78	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-£644
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Depreciation	£597	-69.6%	£1,966	999.9%	£129	-	-	-	£428
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-£644
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-£644
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-£644

Balance Sheet

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	30/09/10	(%)	30/09/09
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Tangible Assets	£5,076	31.4%	£3,862	76.7%	£2,186	-	0	-100%	£534
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Total Fixed Assets	£5,076	31.4%	£3,862	76.7%	£2,186	-	0	-100%	£534
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Stock	£167,215	999.9%	£9,481	-35.9%	£14,782	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Trade Debtors	£19,629	128.2%	£8,600	485%	£1,470	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Cash	£90,670	25.6%	£72,167	-30%	£103,086	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Total Current Assets	£277,514	207.5%	£90,248	-24.4%	£119,338	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Trade Creditors	£218,584	292.3%	£55,716	-43.4%	£98,459	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-100%	£5,833
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Total Current Liabilities	£218,584	292.3%	£55,716	-43.4%	£98,459	-	0	-100%	£5,833
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	30/09/10	(%)	30/09/09
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Called Up Share Capital	£100	-	£100	-	£100	-	-	-100%	£100
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	P & L Account Reserve	£63,906	66.9%	£38,294	66.7%	£22,965	-	-	100%	-£5,399
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Shareholder Funds	£64,006	66.7%	£38,394	66.5%	£23,065	-	-	100%	-£5,299

Other Financial Items

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	30/09/10	(%)	30/09/09
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Net Worth	£64,006	66.7%	£38,394	66.5%	£23,065	-	-	100%	-£5,299
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Working Capital	£58,930	70.7%	£34,532	65.4%	£20,879	-	-	100%	-£5,833
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Total Assets	£282,590	200.3%	£94,110	-22.6%	£121,524	-	-	-100%	£534
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Total Liabilities	£218,584	292.3%	£55,716	-43.4%	£98,459	-	-	-100%	£5,833
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Net Assets	£64,006	66.7%	£38,394	66.5%	£23,065	-	-	100%	-£5,299

Cash Flow

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	30/09/10	(%)	30/09/09
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	30/09/10	(%)	30/09/09
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Capital Employed	£64,006	66.7%	£38,394	66.5%	£23,065	-	-	100%	-£5,299
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	BENNETTBROOKS ANSTEYBOND
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/14	31/03/13	31/03/12	30/09/10	30/09/09
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Current ratio	1.27	1.62	1.21	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Gearing %	0	0	0	0	0
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Equity in %	22.60	40.80	19	-	-992.30
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.50	1.44	1.06	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	12.15
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-120.59
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Current Debt Ratio	3.41	1.45	4.26	-	-1.10
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Total Debt Ratio	3.41	1.45	4.26	-	-1.10
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	12.15

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
03/09/2015	New Board Member Mr A. Byrne appointed
15/01/2015	Annual Returns
06/01/2015	New Accounts Filed
15/01/2014	Annual Returns
31/12/2013	New Accounts Filed
30/04/2013	New Accounts Filed
21/01/2013	Annual Returns
20/01/2012	Annual Returns
18/01/2012	Mrs C.N. Byrne has left the board
21/12/2011	Change in Reg.Office
21/12/2011	Change of Company Postcode
29/04/2011	Mrs C.N. Byrne has resigned as company secretary
17/03/2011	New Accounts Filed
18/02/2011	Annual Returns
15/03/2010	New Accounts Filed

Previous Company Names

No Previous Names found

Writ Details

No writs found

Statistics

Group	2 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	I.T.A.S. LIMITED
Ownership Status	Ultimately Owned
Ultimate Holding Company	I.T.A.S. LIMITED

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\tminus.gif$ I.T.A.S. LIMITED	02235472	31.03.2014	N
$Description: \\Sheetal\e\Raw foreign Report [dec 15]\I.T.A.S. LIMITED_files\L.gif$ I.T.A.S. INCRA LIMITED	08787095	30.11.2014	N

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Clarice Nella Byrne		1	2
Clarice Nella Byrne		1	2
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.66.63
UK Pound	1	Rs.100.65
Euro	1	Rs.72.40
GBP	1	Rs.100.41

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	KAR

Report Prepared by :	NIT

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.