MIRA INFORM REPORT

 

 

Report No. :

327657

Report Date :

16.06.2015

 

IDENTIFICATION DETAILS

 

Name :

AARGEE INVESTMENT CO. LIMITED

 

 

Registered Office :

Unit 4 Concord Business Centre, Concord Road, Acton London W3 0TJ

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2014

 

 

Date of Incorporation :

09.07.2002

 

 

Com. Reg. No.:

04480496

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Buying and Selling of Own Real Estate

 

 

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 :

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 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 summary

 

Registered Address

Unit 4 Concord Business Centre
Concord Road
Acton London
W3 0TJ

Trading Address

Unit 4
Concord Business Centre, Concord
Acton
London
W3 0TJ

Telephone Number

02088960500

Website Address

http://www.aargee.co.uk

TPS

No

FPS

No

Incorporation Date

09/07/2002

Type

Private limited with Share Capital

Company Number

04480496

Filing Date of Accounts

16/05/2015

Currency

GBP

Share Capital

£1,000

SIC07

68100

Charity Number

-

SIC07 Description

Buying and Selling of Own Real Estate

Principal Activity

Development and sell of real estate and letting of own property.

 

 

Key financials

 

YEAR TO DATE

TURNOVER

PRE TAX  PROFIT

SHAREHOLDER

FUNDS EMPLOYEES

 

31/12/2014

-

-

£342,535

-

31/12/2013

-

-

-£29,079

-

31/12/2012

-

-

-£81,553

-

 

 

Mortgage summary

 

Total Mortgage              1

Outstanding                  1

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

The latest Balance Sheet indicates a negative net working capital position.

There has been an increase in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

 

 

Current directors

 

Name

Jaymini Nimesh Radia

Date of Birth

08/08/1976

Officers Title

Mrs

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

12/04/2005

Address

Rokeby Lodge, Chorleywood Road, Rickmansworth, Hertfordshire, WD3 4EP

 

Name

Nimesh Rasiklal Radia

Date of Birth

05/07/1971

Officers Title

Mr

Nationality

British

Present Appointments

11

Function

Director

Appointment Date

09/07/2002

Address

Rokeby Lodge, Chorleywood Road, Rickmansworth, Hertfordshire, WD3 4EP

 

Name

Indira Rasiklal Radia

Date of Birth

12/05/1948

Officers Title

Mrs

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

12/04/2005

Address

Rokeby Lodge, Chorleywood Road, Rickmansworth, Hertfordshire, WD3 4EP

 

Name

Rasiklal Ranchhoddas Radia

Date of Birth

30/08/1942

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

12/04/2005

Address

Rokeby Lodge, Chorleywood Road, Rickmansworth, Hertfordshire, WD3 4EP

 

 

Current company secretary

 

Name

Jaymini Nimesh Radia

Date of Birth

08/08/1976

Officers Title

Mrs

Nationality

British

Present Appointments

3

Function

Company Secretary

Appointment Date

09/07/2002

Address

Rokeby Lodge, Chorleywood Road, Rickmansworth, Hertfordshire, WD3 4EP

 

 

Top 20 shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MRS I.R. RADIA

GBP

250

ORDINARY

1

25

MR N.R. RADIA

GBP

250

ORDINARY

1

25

MRS J.N. RADIA

GBP

250

ORDINARY

1

25

MR R.R. RADIA

GBP

250

ORDINARY

1

25

 

 

Profit & loss

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

barchart-grey

Turnover

-

-

-

-

-

-

-

-

-

barchart-grey

Export

-

-

-

-

-

-

-

-

-

barchart-grey

Cost of Sales

-

-

-

-

-

-

-

-

-

barchart-grey

Gross Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Wages & Salaries

-

-

-

-

-

-

-

-

-

barchart-grey

Directors Emoluments

-

-

-

-

-

-

-

-

-

barchart-grey

Operating Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Depreciation

-

-

-

-

-

-

-

-

-

barchart-grey

Audit Fees

-

-

-

-

-

-

-

-

-

barchart-grey

Interest Payments

-

-

-

-

-

-

-

-

-

barchart-grey

Pre Tax Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Taxation

-

-

-

-

-

-

-

-

-

barchart-grey

Profit After Tax

-

-

-

-

-

-

-

-

-

barchart-grey

Dividends Payable

-

-

-

-

-

-

-

-

-

barchart-grey

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance sheet

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Tangible Assets

£1,272,356

-16.4%

£1,522,356

-

£1,522,356

-

£1,522,356

-

£1,522,356

barchart-grey

Intangible Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Fixed Assets

£1,272,356

-16.4%

£1,522,356

-

£1,522,356

-

£1,522,356

-

£1,522,356

barchart-grey

Stock

0

-

0

-

0

-

0

-

0

barchart-grey

Trade Debtors

0

-

0

-

0

-

0

-

0

barchart-grey

Cash

£27,206

-1.6%

£27,640

-14.9%

£32,496

20%

£27,079

-13.4%

£31,261

barchart-grey

Other Debtors

0

-

0

-

0

-

0

-

0

barchart-grey

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Assets

£27,206

-1.6%

£27,640

-14.9%

£32,496

20%

£27,079

-13.4%

£31,261

barchart-grey

Trade Creditors

£123,316

-82.2%

£692,462

-0.8%

£697,732

0.7%

£692,885

-0.6%

£697,393

barchart-grey

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

barchart-grey

Other Short Term Finance

0

-

0

-

0

-

0

-

0

barchart-grey

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Liabilities

£123,316

-82.2%

£692,462

-0.8%

£697,732

0.7%

£692,885

-0.6%

£697,393

barchart-grey

Bank Loans & Overdrafts and LTL

£833,711

-6%

£886,613

-5.5%

£938,673

-5.2%

£989,903

-4.8%

£1,040,321

barchart-grey

Other Long Term Finance

0

-

0

-

0

-

0

-

0

barchart-grey

Total Long Term Liabilities

£833,711

-6%

£886,613

-5.5%

£938,673

-5.2%

£989,903

-4.8%

£1,040,321

 

 

Capital & reserves

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Called Up Share Capital

£1,000

-

£1,000

-

£1,000

-

£1,000

-

£1,000

barchart-grey

P & L Account Reserve

£341,535

999.9%

-£30,079

63.6%

-£82,553

38.6%

-£134,353

27.4%

-£185,097

barchart-grey

Revaluation Reserve

-

-

-

-

-

-

-

-

-

barchart-grey

Sundry Reserves

-

-

-

-

-

-

-

-

-

barchart-grey

Shareholder Funds

£342,535

999.9%

-£29,079

64.3%

-£81,553

38.8%

-£133,353

27.6%

-£184,097

 

 

Other financials items

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

barchart-grey

Net Worth

£342,535

999.9%

-£29,079

64.3%

-£81,553

38.8%

-£133,353

27.6%

-£184,097

barchart-grey

Working Capital

-£96,110

85.5%

-£664,822

0.1%

-£665,236

0.1%

-£665,806

0%

-£666,132

barchart-grey

Total Assets

£1,299,562

-16.2%

£1,549,996

-0.3%

£1,554,852

0.3%

£1,549,435

-0.3%

£1,553,617

barchart-grey

Total Liabilities

£957,027

-39.4%

£1,579,075

-3.5%

£1,636,405

-2.8%

£1,682,788

-3.2%

£1,737,714

barchart-grey

Net Assets

£342,535

999.9%

-£29,079

64.3%

-£81,553

38.8%

-£133,353

27.6%

-£184,097

 

 

Miscellaneous

 

Date Of Accounts

31/12/14

(%)

31/12/13

(%)

31/12/12

(%)

31/12/11

(%)

31/12/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

barchart-grey

Capital Employed

£1,176,246

37.2%

£857,534

0%

£857,120

0.1%

£856,550

0%

£856,224

barchart-grey

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/12/14

31/12/13

31/12/12

31/12/11

31/12/10

barchart-grey

Pre-tax profit margin %

-

-

-

-

-

barchart-grey

Current ratio

0.22

0.04

0.05

0.04

0.04

barchart-grey

Sales/Net Working Capital

-

-

-

-

-

barchart-grey

Gearing %

243.40

-3049

-1151

-742.30

-565.10

barchart-grey

Equity in %

26.40

-1.90

-5.20

-8.60

-11.80

barchart-grey

Creditor Days

-

-

-

-

-

barchart-grey

Debtor Days

-

-

-

-

-

barchart-grey

Liquidity/Acid Test

0.22

0.03

0.04

0.03

0.04

barchart-grey

Return On Capital Employed %

-

-

-

-

-

barchart-grey

Return On Total Assets Employed %

-

-

-

-

-

barchart-grey

Current Debt Ratio

0.36

-23.81

-8.55

-5.19

-3.78

barchart-grey

Total Debt Ratio

2.79

-54.30

-20.06

-12.61

-9.43

barchart-grey

Stock Turnover Ratio %

-

-

-

-

-

barchart-grey

Return on Net Assets Employed %

-

-

-

-

-

 

 

Status history

 

No status history found

 

 

Event history

 

Date

Description

20/05/2015

New Accounts Filed

01/08/2014

Annual Returns

16/06/2014

New Accounts Filed

27/09/2013

Annual Returns

05/08/2013

New Accounts Filed

14/08/2012

Annual Returns

30/07/2012

New Accounts Filed

09/09/2011

Annual Returns

29/08/2011

New Accounts Filed

12/10/2010

Annual Returns

08/06/2010

New Accounts Filed

23/08/2009

Annual Returns

02/06/2009

New Accounts Filed

19/12/2008

Annual Returns

05/12/2008

Annual Returns

 

 

Previous company names

 

No previous names found

 

Writ details

 

No writs found

 

 

Mortgage details

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

11/04/06

Date Charge Registered:

20/04/06

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

Amount Secured:

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

Details:

LAND ON THE SOUTH WEST SIDE OF SLOPER ROAD CARDIFF BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANYINSURANCE AFFECTING THE PROPERTY OR ASSETS

 

 

Previous directors / company secretaries

 

Name

Current Directorships

Previous Directorships

PARAMOUNT PROPERTIES (UK) LIMITED

1085

35987

PARAMOUNT COMPANY SEARCHES LIMITED

1521

36102

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.09

UK Pound

1

Rs.99.57

Euro

1

Rs.71.84

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

               

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.