MIRA INFORM REPORT

 

 

Report No. :

328449

Report Date :

25.06.2015

 

IDENTIFICATION DETAILS

 

Name :

UNICHEMPHARM LTD

 

 

Registered Office :

41 Duke Street, Edinburgh, Eh6 8hh

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

11.03.2013

 

 

Com. Reg. No.:

SC444768

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Subject is engaged in Other Professional, Scientific And Technical Activities N.E.C.

 

 

No of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

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)

UK

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

D

 

 

UK 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 & address

 

Company Name:           UNICHEMPHARM LTD

Company No:                SC444768

 

Company Status:          Active - Accounts Filed

 

Registered Address:      41 DUKE STREET EDINBURGH EH6 8HH

 

 

Company Summary

 

Registered Address

41 DUKE STREET
EDINBURGH
EH6 8HH

Trading Address

41 DUKE STREET
EDINBURGH
EH6 8HH

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

11/03/2013

 

 

Previous Name

 

Type

Private limited with Share Capital

 

 

FTSE Index

-

Date of Change

-

Filing Date of Accounts

08/12/2014

Currency

GBP

Share Capital

£100

SIC07

74909

Charity Number

-

SIC07 Description

OTHER PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES N.E.C.

Principal Activity

 

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/03/2014

-

-

-£1,063

-

 

 

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 cash balances represent a positive level in terms of the overall outstanding creditor obligations.

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 -

-

 

 

Payment Information

 

Trade Payment Information

 

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.

 

 

Current Directors

 

Name

I.F.B.C DIRECTOR SERVICES LTD

Date of Birth

-

Officers Title

Nationality

Present Appointments

1

Function

Director

Appointment Date

11/03/2013

Address

25 Martiou 27, 1st Floor, Flat/office 106 Egkomi, Nicosia, 2408

 

Name

Kenneth William James Morrison

Date of Birth

24/12/1981

Officers Title

Mr

Nationality

British

Present Appointments

42

Function

Director

Appointment Date

11/03/2013

Address

41 Duke Street, Edinburgh, EH6 8HH

 

 

Current Company Secretary

 

Name

SAMWARDS (SECRETARIAL) LIMITED

Date of Birth

-

Officers Title

Nationality

Present Appointments

1

Function

Company Secretary

Appointment Date

11/03/2013

Address

25 Martiou 27, 1st Floor, Flat/office 106 Egkomi, Nicosia, 2408

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

HILLSTINE (NOMINEES) LTD

GBP

100

ORDINARY

1

100

 

 

Balance Sheet

 

Date Of Accounts

31/03/14

(%)

-

(%)

-

(%)

-

(%)

-

Tangible Assets

0

-

-

-

-

-

-

-

-

Intangible Assets

0

-

-

-

-

-

-

-

-

Total Fixed Assets

0

-

-

-

-

-

-

-

-

Stock

0

-

-

-

-

-

-

-

-

Trade Debtors

0

-

-

-

-

-

-

-

-

Cash

£1,514

-

-

-

-

-

-

-

-

Other Debtors

0

-

-

-

-

-

-

-

-

Miscellaneous Current Assets

0

-

-

-

-

-

-

-

-

Total Current Assets

£1,514

-

-

-

-

-

-

-

-

Trade Creditors

0

-

-

-

-

-

-

-

-

Bank Loans & Overdrafts

0

-

-

-

-

-

-

-

-

Other Short Term Finance

0

-

-

-

-

-

-

-

-

Miscellaneous Current Liabilities

0

-

-

-

-

-

-

-

-

Total Current Liabilities

0

-

-

-

-

-

-

-

-

Bank Loans & Overdrafts and LTL

£2,577

-

-

-

-

-

-

-

-

Other Long Term Finance

0

-

-

-

-

-

-

-

-

Total Long Term Liabilities

£2,577

-

-

-

-

-

-

-

-

 

 

Capital & Reserves

 

 

Date Of Accounts

31/03/14

(%)

-

(%)

-

(%)

-

(%)

-

Called Up Share Capital

£149

-

-

-

-

-

-

-

-

P & L Account Reserve

-£1,212

-

-

-

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

-£1,063

-

-

-

-

-

-

-

-

 

 

Other Financial Items

 

Date Of Accounts

31/03/14

(%)

-

(%)

-

(%)

-

(%)

-

Net Worth

-£1,063

-

-

-

-

-

-

-

-

Working Capital

£1,514

-

-

-

-

-

-

-

-

Total Assets

£1,514

-

-

-

-

-

-

-

-

Total Liabilities

£2,577

-

-

-

-

-

-

-

-

Net Assets

-£1,063

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/03/14

(%)

-

(%)

-

(%)

-

(%)

-

Contingent Liability

NO

-

-

-

-

-

-

-

-

Capital Employed

£1,514

-

-

-

-

-

-

-

-

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/03/14

-

-

-

-

Pre-tax profit margin %

-

-

-

-

-

Current ratio

-

-

-

-

-

Sales/Net Working Capital

-

-

-

-

-

Gearing %

-242.40

-

-

-

-

Equity in %

-70.20

-

-

-

-

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

-

-

-

-

-

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

-

-

-

-

-

Total Debt Ratio

-2.42

-

-

-

-

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

05/04/2015

Annual Returns

11/12/2014

New Accounts Filed

02/04/2014

Annual Returns

13/03/2013

New Board Member Mr K.W. Morrison appointed

13/03/2013

New Company Secretary SAMWARDS (SECRETARIAL) LIMITED appointed

13/03/2013

New Board Member I.F.B.C DIRECTOR SERVICES LTD appointed

 

 

 

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

 

No Group Structure

 

 

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. 63.66

UK Pound

1

Rs. 100.50

Euro

1

Rs. 71.31

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

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.