|
Report No. : |
356040 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARDOUR WORLD LIMITED |
|
|
|
|
Registered Office : |
Grove House Lowlands Road Harrow On The Hill Ha1 3aw |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
22.04.2003 |
|
|
|
|
Com. Reg. No.: |
04741345 |
|
|
|
|
Legal Form : |
Private Limited With Share Capital |
|
|
|
|
Line of Business : |
Wholesale Of Metals And Metal Ores |
|
|
|
|
Employees: |
14 |
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, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
United Kingdom |
A1 |
A1 |
|
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: ARDOUR
WORLD LIMITED
Company No: 04741345
Company Status: Active -
Accounts Filed
Registered Address: GROVE HOUSE LOWLANDS ROAD HARROW ON THE HILL HA1 3AW
Registered Address
GROVE HOUSE
LOWLANDS ROAD
HARROW ON THE HILL
HA1 3AW
Trading Address
Grove House
55 Lowlands Road
Harrow
Middlesex
HA1 3AW
Website Address http://www.ardourworld.com
Telephone Number 02084234449
TPS No
FPS Yes
Incorporation Date 22/04/2003
Type Private
limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 30/10/2014
Currency GBP
Share Capital £400,000
SIC07 46720
Charity Number -
SIC07 Description WHOLESALE
OF METALS AND METAL ORES
Principal Activity A
group engaged in metal trading.
Year to Date Turnover Pre
Tax Profit Shareholder Funds Employees
31/03/2014 £73,545,159 £908,655 £2,076,319
14
31/03/2013 £54,993,393 -£81,365 £1,496,123
13
31/03/2012 £87,401,420 £63,017 £1,813,522
1 0
Total Mortgage 7
Outstanding 6
Satisfied 1
Total Number of Documented Trade 0
Total Value of Documented Trade £0
|
This company has been treated as a Medium company in respect of the
rating/limit generated. |
|
|
This company's ratio of total liabilities to total assets indicates
the presence of moderate equity funding. |
|
|
This company's return on total assets employed ratio indicates a
relatively efficient use of assets. |
|
|
This company's bank loans and overdrafts (less cash) account for a
moderate percentage of short term liabilities. |
|
|
This company trades in an industry with a lower level of corporate
failures. |
|
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 |
1 |
|
Total Previous Directors / Company Secretaries |
4 |
|
Title |
Mr |
Function |
Director |
|
Name |
Sundip Goyal |
Nationality |
Indian |
|
Date of Birth |
10/1971 |
Present Appointments |
4 |
|
Latest Address |
Grove House, Lowlands Road, Harrow On The Hill, Middx |
Appointment Date |
29/04/2003 |
|
Post Code |
HA1 3AW |
||
|
Title |
Mr |
Function |
Director |
|
Name |
Ashish Chaudhari |
Nationality |
Indian |
|
Date of Birth |
01/1979 |
Present Appointments |
5 |
|
Latest Address |
Grove House, Lowlands Road, Harrow On The Hill, Middx |
Appointment Date |
01/02/2006 |
|
Post Code |
HA1 3AW |
||
|
Title |
Mr |
Function |
Company Secretary |
|
Name |
Ashish Chaudhari |
Nationality |
Indian |
|
Date of Birth |
01/1979 |
Present Appointments |
5 |
|
Latest Address |
Grove House, Lowlands Road, Harrow On The Hill, Middx |
Appointment Date |
04/11/2003 |
|
Post Code |
HA1 3AW |
Top 20
Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MR ASHISH CHAUDHARI |
GBP |
200,000 |
ORDINARY |
1 |
50 |
|
MRS VANITA GOYAL |
GBP |
104,000 |
ORDINARY |
1 |
26 |
|
MR SUNDIP GOYAL |
GBP |
96,000 |
ORDINARY |
1 |
24 |
Profit & Loss
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
Y |
(%) |
Y |
(%) |
Y |
(%) |
N |
(%) |
N |
|
Turnover |
£73,545,159 |
33.7% |
£54,993,393 |
-37.1% |
£87,401,420 |
95.1% |
£44,789,855 |
67.3% |
£26,779,691 |
|
Export |
- |
- |
- |
- |
- |
- |
£44,789,855 |
- |
- |
|
Cost of Sales |
£71,460,030 |
35.8% |
£52,637,852 |
-38.5% |
£85,607,843 |
98.5% |
£43,130,905 |
68.6% |
£25,582,034 |
|
Gross Profit |
£2,085,129 |
-11.5% |
£2,355,541 |
31.3% |
£1,793,577 |
8.1% |
£1,658,950 |
38.5% |
£1,197,657 |
|
Wages & Salaries |
£163,598 |
26.7% |
£129,150 |
5% |
£122,948 |
17.4% |
£104,685 |
55.5% |
£67,334 |
|
Directors Emoluments |
£31,538 |
31.4% |
£24,000 |
- |
£24,000 |
- |
£24,000 |
17.6% |
£20,400 |
|
Operating Profit |
£978,066 |
767.5% |
-£146,519 |
-91.6% |
-£76,460 |
-106.8% |
£1,121,300 |
29.8% |
£863,559 |
|
Depreciation |
£44,185 |
999.9% |
£2,513 |
-6.9% |
£2,700 |
-17.1% |
£3,255 |
278.9% |
£859 |
|
Audit Fees |
£13,311 |
23.1% |
£10,816 |
-3.7% |
£11,228 |
87.1% |
£6,000 |
33.3% |
£4,500 |
|
Interest Payments |
£76,599 |
54.9% |
£49,440 |
130.4% |
£21,457 |
211.3% |
£6,892 |
999.9% |
£22 |
|
Pre Tax Profit |
£908,655 |
999.9% |
-£81,365 |
-229.1% |
£63,017 |
-94.3% |
£1,114,408 |
29% |
£863,550 |
|
Taxation |
-£148,609 |
-999.9% |
-£10,997 |
21.7% |
-£14,051 |
95.4% |
-£303,761 |
-31.3% |
-£231,293 |
|
Profit After Tax |
£760,046 |
922.9% |
-£92,362 |
-288.6% |
£48,966 |
-94% |
£810,647 |
28.2% |
£632,257 |
|
Dividends Payable |
£179,850 |
-20.1% |
£225,037 |
150% |
£90,000 |
- |
£90,000 |
- |
£90,000 |
|
Retained Profit |
£580,196 |
282.8% |
-£317,399 |
-673.5% |
-£41,034 |
-105.7% |
£720,647 |
32.9% |
£542,257 |
Balance Sheet
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Tangible Assets |
£739,247 |
999.9% |
£7,541 |
-22% |
£9,674 |
-0.9% |
£9,765 |
279.1% |
£2,576 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£739,247 |
999.9% |
£7,541 |
-22% |
£9,674 |
-0.9% |
£9,765 |
279.1% |
£2,576 |
|
Stock |
£1,371,862 |
6.7% |
£1,286,174 |
0.6% |
£1,278,092 |
747.1% |
£150,878 |
-88.8% |
£1,352,226 |
|
Trade Debtors |
£5,616,260 |
-6.8% |
£6,025,806 |
51.6% |
£3,973,787 |
-9% |
£4,365,390 |
88.5% |
£2,315,620 |
|
Cash |
£826,860 |
19.1% |
£694,154 |
185.6% |
£243,060 |
-71.3% |
£846,786 |
417.6% |
£163,597 |
|
Other Debtors |
£853,311 |
4.1% |
£819,384 |
-31.4% |
£1,194,371 |
88.2% |
£634,700 |
999.9% |
£45,222 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£8,668,293 |
-1.8% |
£8,825,518 |
31.9% |
£6,689,310 |
11.5% |
£5,997,754 |
54.7% |
£3,876,665 |
|
Trade Creditors |
£4,412,148 |
-6.3% |
£4,706,953 |
60% |
£2,942,127 |
-23% |
£3,823,015 |
69.3% |
£2,258,087 |
|
Bank Loans & Overdrafts |
£2,327,559 |
4.5% |
£2,227,007 |
74.6% |
£1,275,262 |
999.9% |
£25 |
- |
0 |
|
Other Short Term Finance |
£4,930 |
999.9% |
£430 |
-94.9% |
£8,430 |
47.8% |
£5,702 |
-93.5% |
£87,363 |
|
Miscellaneous Current Liabilities |
£405,868 |
0.8% |
£402,546 |
-39% |
£659,643 |
103.5% |
£324,221 |
-18.9% |
£399,882 |
|
Total Current Liabilities |
£7,150,505 |
-2.5% |
£7,336,936 |
50.2% |
£4,885,462 |
17.6% |
£4,152,963 |
51.3% |
£2,745,332 |
|
Bank Loans & Overdrafts and LTL |
£2,508,275 |
12.6% |
£2,227,007 |
74.6% |
£1,275,262 |
999.9% |
£25 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£180,716 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
.
Capital &
Reserves
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Called Up Share Capital |
£400,000 |
- |
£400,000 |
- |
£400,000 |
- |
£400,000 |
- |
£400,000 |
|
P & L Account Reserve |
£1,676,319 |
52.9% |
£1,096,123 |
-22.5% |
£1,413,522 |
-2.8% |
£1,454,556 |
98.2% |
£733,909 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£2,076,319 |
38.8% |
£1,496,123 |
-17.5% |
£1,813,522 |
-2.2% |
£1,854,556 |
63.6% |
£1,133,909 |
Other Financial
Items
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net Worth |
£2,076,319 |
38.8% |
£1,496,123 |
-17.5% |
£1,813,522 |
-2.2% |
£1,854,556 |
63.6% |
£1,133,909 |
|
Working Capital |
£1,517,788 |
2% |
£1,488,582 |
-17.5% |
£1,803,848 |
-2.2% |
£1,844,791 |
63.1% |
£1,131,333 |
|
Total Assets |
£9,407,540 |
6.5% |
£8,833,059 |
31.9% |
£6,698,984 |
11.5% |
£6,007,519 |
54.9% |
£3,879,241 |
|
Total Liabilities |
£7,331,221 |
-0.1% |
£7,336,936 |
50.2% |
£4,885,462 |
17.6% |
£4,152,963 |
51.3% |
£2,745,332 |
|
Net Assets |
£2,076,319 |
38.8% |
£1,496,123 |
-17.5% |
£1,813,522 |
-2.2% |
£1,854,556 |
63.6% |
£1,133,909 |
Cash Flow
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net Cashflow from Operations |
£902,136 |
367.2% |
-£337,668 |
76.7% |
-£1,449,585 |
-223% |
£1,178,624 |
999.9% |
£76,728 |
|
Net Cashflow before Financing |
-£148,562 |
70.3% |
-£500,651 |
73.4% |
-£1,878,963 |
-375% |
£683,164 |
999.9% |
-£13,281 |
|
Net Cashflow from Financing |
£307,345 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
£158,783 |
131.7% |
-£500,651 |
73.4% |
-£1,878,963 |
-375% |
£683,164 |
999.9% |
-£13,281 |
Miscellaneous
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£2,257,035 |
50.9% |
£1,496,123 |
-17.5% |
£1,813,522 |
-2.2% |
£1,854,556 |
63.6% |
£1,133,909 |
|
Number of Employees |
14 |
7.7% |
13 |
30% |
10 |
11.1% |
9 |
- |
9 |
|
Accountants |
|||||||||
|
Auditors |
KING & KING |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
Bank Branch Code |
20-00-00 |
||||||||
Ratios
|
Date Of Accounts |
31/03/14 |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
|
Pre-tax profit margin % |
1.24 |
-0.15 |
0.07 |
2.49 |
3.22 |
|
Current ratio |
1.21 |
1.20 |
1.37 |
1.44 |
1.41 |
|
Sales/Net Working Capital |
48.46 |
36.94 |
48.45 |
24.28 |
23.67 |
|
Gearing % |
120.80 |
148.90 |
70.30 |
0 |
0 |
|
Equity in % |
22.10 |
16.90 |
27.10 |
30.90 |
29.20 |
|
Creditor Days |
21.83 |
31.15 |
12.25 |
31.06 |
30.69 |
|
Debtor Days |
27.79 |
39.88 |
16.54 |
35.47 |
31.47 |
|
Liquidity/Acid Test |
1.02 |
1.02 |
1.10 |
1.40 |
0.91 |
|
Return On Capital Employed % |
40.25 |
-5.43 |
3.47 |
60.09 |
76.15 |
|
Return On Total Assets Employed % |
9.65 |
-0.92 |
0.94 |
18.55 |
22.26 |
|
Current Debt Ratio |
3.44 |
4.90 |
2.69 |
2.23 |
2.42 |
|
Total Debt Ratio |
3.53 |
4.90 |
2.69 |
2.23 |
2.42 |
|
Stock Turnover Ratio % |
1.86 |
2.33 |
1.46 |
0.33 |
5.04 |
|
Return on Net Assets Employed % |
43.76 |
-5.43 |
3.47 |
60.09 |
76.15 |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
07/06/2015 |
Annual Returns |
|
05/06/2015 |
Change in Reg.Office |
|
20/04/2015 |
New Accounts Filed |
|
20/04/2015 |
New Accounts Filed |
|
10/11/2014 |
New Accounts Filed |
|
13/06/2014 |
Annual Returns |
|
05/05/2014 |
Change in Reg.Office |
|
05/05/2014 |
Change of Company Postcode |
|
11/02/2014 |
New Accounts Filed |
|
11/02/2014 |
New Accounts Filed |
|
29/04/2013 |
Annual Returns |
|
12/01/2013 |
New Accounts Filed |
|
12/01/2013 |
New Accounts Filed |
|
10/07/2012 |
Annual Returns |
|
02/09/2011 |
New Accounts Filed |
Previous Company
Names
|
No Previous Names found |
Writ Details
|
No writs found |
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group Structure Full
|
|
Mortgage Type: |
|||
|
Date Charge Created: |
14/10/14 |
||
|
Date Charge Registered: |
15/10/14 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
LLOYDS BANK PLC; |
||
|
Amount Secured: |
|||
|
Details: |
CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS
ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
18/02/13 |
||
|
Date Charge Registered: |
23/02/13 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
CHESTERFIELD INVESTMENTS (NO.5) LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
THE SUM FROM TIME TO TIME STANDING TO THE CREDIT OF A DEPOSIT ACCOUNT AT
BARCLAYS BANK PLC OR ANY OTHER ACCOUNT AND ALLINTEREST AND OTHER SUMS
CREDITED TO EITHER SUCH ACCOUNT |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
22/07/11 |
||
|
Date Charge Registered: |
29/07/11 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
SANTANDER UK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE GROUP (OR ANY
GROUP MEMBER) ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
||
|
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 SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
09/09/10 |
||
|
Date Charge Registered: |
14/09/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
CHESTERFIELD INVESTMENTS (NO.5) LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
THE SUM FROM TIME TO TIME STANDING TO THE CREDIT OF A DEPOSIT ACCOUNT
SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
24/06/08 |
||
|
Date Charge Registered: |
01/07/08 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
CHESTERFIELD INVESTMENTS (NO.5) LIMITED |
||
|
Amount Secured: |
£1,425 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
||
|
Details: |
£1,425 AS SECURITY FOR THE PAYMENT OF RENTS RESERVED BY THE LEASE. SEE
IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
19/09/07 |
||
|
Date Charge Registered: |
05/10/07 |
||
|
Date Charge Satisfied: |
31/01/09 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
FORTIS BANK SA-NV UK BRANCH |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVERUNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
||
|
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 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL
DETAILS |
||
|
Mortgage Type: |
GENERAL LETTER OF PLEDGE |
||
|
Date Charge Created: |
19/09/07 |
||
|
Date Charge Registered: |
03/10/07 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
FORTIS BANK S.A./N.V. |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE
TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
ALL BILLS OF EXCHANGE PROMISSORY NOTES AND OTHER NEGOTIABLE
INSTRUMENTS (THE PLEDGED DOCUMENTS) ANDALL PRODUCE AND GOODS (THE PLEDGED
GOODS) SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Name |
Current Directorships |
Previous Directorships |
|
|
Narinder Kumar Mohal |
1 |
4 |
|
|
Abhishek Jaim |
0 |
1 |
|
|
FORM 10 DIRECTORS FD LTD |
118 |
99276 |
|
|
FORM 10 SECRETARIES FD LTD |
136 |
87065 |
|
|
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.66.30 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.72.33 |
|
GBP |
1 |
Rs.98.39 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.