MIRA INFORM REPORT

 

 

Report No. :

327811

Report Date :

20.06.2015

 

IDENTIFICATION DETAILS

 

Name :

SUISSE CREDIT CAPITAL (2009) LIMITED

 

 

Formerly Known As :

SUISSE CREDIT CAPITAL LIMITED

 

 

Registered Office :

Hamilton House Mabledon Place London WC1H 9BB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.07.2014

 

 

Date of Incorporation :

15.07.2009

 

 

Com. Reg. No.:

06962855

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Subject provides consultancy advice.

 

 

No. of Employee :

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 – 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 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 and address

 

SUISSE CREDIT CAPITAL (2009) LIMITED

 

Company No

06962855

 

Registered Address

HAMILTON HOUSE MABLEDON PLACELONDONWC1H 9BB

 

 

Company Summary

 

Registered Address

HAMILTON HOUSE MABLEDON PLACE LONDONWC1H 9BB

Trading Address

Hamilton House Mabledon Place London WC1H 9BB

Website Address

http://www.suissecreditcapital.com

 

 

Telephone Number

02032861448

Fax Number

 

TPS

No

FPS

No

Incorporation Date

15/07/2009

 

 

Previous Name

SUISSE CREDIT CAPITAL LIMITED

Type

Private limited with Share Capital

FTSE Index

--

Date of Change

04/06/2013

Filing Date of Accounts

06/09/2014

Currency

GBP

Share Capital

£136,000

SIC07

82990

Charity Number

--

 

 

SIC07 Description

OTHER BUSINESS SUPPORT SERVICE ACTIVITIES N.E.C.

Principal Activity

To provide consultancy advice.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/07/2014

--

--

£146,199

--

31/07/2013

--

--

£121

--

31/07/2012

--

--

£69,448

--

 

 

Commentary

 

This company has been treated as a Small company in respect of the rating/limit generated.

The latest Balance Sheet indicates a very 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 moderate 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

4

 

 

Current Directors

 

Name

Robert Bullivant

Date of Birth

02/04/1952

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

13/06/2011

Address

Hamilton House Mabledon Place, London, WC1H 9BB

 

Name

Donald Robert Lee

Date of Birth

07/12/1970

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

08/01/2015

Address

6 Loch View, Tweedbank, Galashiels, Selkirkshire, TD1 3TA

 

 

Current Company Secretary

 

--

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MICHAEL MICHAELIDES

GBP

136,000

ORDINARY

1

100

 

Profit & Loss

 

Date Of Accounts

31/07/14

(%)

31/07/13

(%)

31/07/12

(%)

31/07/11

(%)

31/07/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

55

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

£40,580

Directors Emoluments

-

-

-

-

-

-

-

-

£36,569

Operating Profit

-

-

-

-

-

-

-

-

-£12,398

Depreciation

£73

-20.7%

£92

-20%

£115

-61.9%

£302

277.5%

£80

Audit Fees

-

-

-

-

-

-

-

-100%

£5,000

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-£12,398

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-£12,398

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-£12,398

 

 

Balance Sheet

 

Date Of Accounts

31/07/14

(%)

31/07/13

(%)

31/07/12

(%)

31/07/11

(%)

31/07/10

Tangible Assets

£50,294

999.9%

£50

-98.5%

£3,374

487.8%

£574

-34.5%

£876

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£50,294

999.9%

£50

-98.5%

£3,374

487.8%

£574

-34.5%

£876

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

£7,682

999.9%

£30

-98.8%

£2,498

-79.4%

£12,097

-

0

Cash

£97,903

999.9%

£50

-99.9%

£73,994

5.8%

£69,938

5%

£66,602

Other Debtors

0

-

0

-

0

-

0

-100%

£10,104

Miscellaneous Current Assets

£279

-

0

-

0

-

0

-

0

Total Current Assets

£105,864

999.9%

£80

-99.9%

£76,492

-6.8%

£82,035

6.9%

£76,706

Trade Creditors

£9,959

999.9%

£9

-99.9%

£10,418

-64%

£28,965

-3.4%

£29,980

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

£9,959

999.9%

£9

-99.9%

£10,418

-64%

£28,965

-3.4%

£29,980

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

31/07/14

(%)

31/07/13

(%)

31/07/12

(%)

31/07/11

(%)

31/07/10

Called Up Share Capital

£136,000

999.9%

£136

-99.9%

£136,000

-

£136,000

126.7%

£60,000

P & L Account Reserve

-£36,886

-999.9%

-£62

99.9%

-£66,552

19.2%

-£82,356

-564.3%

-£12,398

Revaluation Reserve

£47,085

999.9%

£47

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£146,199

999.9%

£121

-99.8%

£69,448

29.5%

£53,644

12.7%

£47,602

 

 

Other Financial Items

 

Date Of Accounts

31/07/14

(%)

31/07/13

(%)

31/07/12

(%)

31/07/11

(%)

31/07/10

Net Worth

£146,199

999.9%

£121

-99.8%

£69,448

29.5%

£53,644

12.7%

£47,602

Working Capital

£95,905

999.9%

£71

-99.9%

£66,074

24.5%

£53,070

13.6%

£46,726

Total Assets

£156,158

999.9%

£130

-99.8%

£79,866

-3.3%

£82,609

6.5%

£77,582

Total Liabilities

£9,959

999.9%

£9

-99.9%

£10,418

-64%

£28,965

-3.4%

£29,980

Net Assets

£146,199

999.9%

£121

-99.8%

£69,448

29.5%

£53,644

12.7%

£47,602

 

 

Cash Flow

 

Date Of Accounts

31/07/14

(%)

31/07/13

(%)

31/07/12

(%)

31/07/11

(%)

31/07/10

Net Cashflow from Operations

-

-

-

-

-

-

-

-

£7,557

Net Cashflow before Financing

-

-

-

-

-

-

-

-100%

£6,601

Net Cashflow from Financing

-

-

-

-

-

-

-

-

£60,000

Increase in Cash

-

-

-

-

-

-

-

-

£66,601

 

 

Miscellaneous

 

Date Of Accounts

31/07/14

(%)

31/07/13

(%)

31/07/12

(%)

31/07/11

(%)

31/07/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£146,199

999.9%

£121

-99.8%

£69,448

29.5%

£53,644

12.7%

£47,602

Number of Employees

-

-

-

-

-

-

-

-

-

 

 

Auditors

Auditor Comments

The company is exempt from audit

Bankers

METRO BANK

Bank Branch Code

23-05-80

 

 

Ratios

 

Date Of Accounts

31/07/14

31/07/13

31/07/12

31/07/11

31/07/10

Pre-tax profit margin %

-

-

-

-

-

Current ratio

10.63

8.89

7.34

2.83

2.56

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

93.60

93.10

87

64.90

61.40

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

10.62

8.88

7.34

2.83

2.55

Return On Capital Employed %

-

-

-

-

-26.04

Return On Total Assets Employed %

-

-

-

-

-15.98

Current Debt Ratio

0.06

0.07

0.15

0.53

0.62

Total Debt Ratio

0.06

0.07

0.15

0.53

0.62

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-26.04

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

13/01/2015

New Board Member Mr D.R. Lee appointed

27/11/2014

New Accounts Filed

10/09/2014

New Accounts Filed

10/09/2014

New Accounts Filed

07/08/2014

Mr M.P. Patel has left the board

25/07/2014

Annual Returns

27/09/2013

New Accounts Filed

01/08/2013

Annual Returns

21/06/2013

New Board Member Mr M.P. Patel appointed

06/06/2013

Change of Name

17/11/2012

New Accounts Filed

17/10/2012

Mr D.J. Wood has left the board

02/10/2012

Annual Returns

01/10/2012

Change in Reg.Office

01/10/2012

Change of Company Postcode

 

 

Previous Company Names

 

Date

Previous Name

04/06/2013

SUISSE CREDIT CAPITAL LIMITED

09/09/2011

KIM CAPITAL LTD

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

 

Group StructureFull

 

No Group Structure

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Alevtina Nepomniachpchikh

0

2

Alevtina Nepomniachpchikh

0

2

David John Wood

0

1

Mahendra Parbhubhai Patel

0

1

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.63.82

UK Pound

1

Rs.101.26

Euro

1

Rs.72.36

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

ANK

 

 

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.