MIRA INFORM REPORT

 

 

Report No. :

311933

Report Date :

12.03.2015

 

IDENTIFICATION DETAILS

 

Name :

POETICGEM LIMITED

 

 

Registered Office :

Quadrant House Floor 6 4 Thomas More Squarelondone1W 1YW

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

07.05.1991

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Wholesale of clothing and footwear

 

 

No. of Employee :

118

 

 

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 :

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 – 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. Over the past two decades, the government has greatly reduced public ownership. 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. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, 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; these included nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to the euro-zone debt crisis. 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of £375 billion (approximately $605 billion) as of December 2013. 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 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

 

Source : CIA

 

 

Company Name and address

 

POETICGEM LIMITED

 

COMPANY NO:

02608346

 

REGISTERED ADDRESS:

QUADRANT HOUSE FLOOR 64 THOMAS MORE SQUARELONDONE1W 1YW

 

 

Company summary

 

Registered Address

QUADRANT HOUSE FLOOR 6
4 THOMAS MORE SQUARE
LONDON E1W 1YW

Trading Address

Quadrant House Floor
4 Thomas More Square
London E1W 1YW

Website Address

http://www.houseofpearl.com

 

 

Telephone Number

--

Fax Number

--

TPS

--

FPS

No

Incorporation Date

07/05/1991

 

 

Previous Name

--

Type

Private limited with Share Capital

FTSE Index

 

Date of Change

 

Filing Date of Accounts

19/12/2014

Currency

GBP

Share Capital

£50,000

SIC07

46420

Charity Number

--

 

 

SIC07 Description

WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity

A group enaged in mport and distribution of garments and provision of logistic services to the clothing industry.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

31/03/2014

£34,811,257

£505,029

£6,988,162

118

31/03/2013

£48,766,375

£663,629

£6,294,238

115

31/03/2012

£37,787,267

£1,102,619

£6,365,023

130

 

 

Mortgage Summary

 

Total Mortgage               26

Outstanding                   7

Satisfied                        19

 

 

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 Large company

 

This company's return on total assets employed ratio indicates a relatively efficient use of assets.

 

This company has made late payments on a medium percentage of invoices.

 

This company's ratio of total liabilities to total assets indicates the presence of moderate equity funding.

 

The company has more cash than short term bank borrowings.

 

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

1

Total Previous Directors / Company Secretaries

18

 

 

Current Directors

 

Name

Anuj Banaik

Date of Birth

25/02/1966

Officers Title

Mr

Nationality

British

Present Appointments

8

Function

Director

Appointment Date

01/12/2009

 

 

Address

85 Elstree Road, Bushey Heath, Bushey, Hertfordshire, WD23 4ED

 

Name

Payel Seth

Date of Birth

29/05/1958

Officers Title

Mrs

Nationality

Indian

Present Appointments

6

Function

Director

Appointment Date

01/12/2009

 

 

Address

9 Avenue Ashok, West End Green Farms Rajokri, Vasant Kunj, New Delhi 110038

 

 

Current Company Secretary

 

Name

Krishna Kanodia

Date of Birth

-

Officers Title

 

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

16/04/2013

 

 

Address

Quadrant House Floor 6 4 Thomas More Square, London, E1W 1YW

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

GLOBAL TEXTILES GROUP LTD

GBP

50,000

ORDINARY

1

100

 

 

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

(%)

Y

Turnover

£34,811,257

-28.6%

£48,766,375

29.1%

£37,787,267

69.9%

£22,245,260

-26.1%

£30,119,111

Export

-

-

-

-

-

-

£11,518,330

-

-

Cost of Sales

£22,000,478

-33.1%

£32,864,553

27.7%

£25,727,931

116.9%

£11,861,196

-38%

£19,144,784

Gross Profit

£12,810,779

-19.4%

£15,901,822

31.9%

£12,059,336

16.1%

£10,384,064

-5.4%

£10,974,327

Wages & Salaries

£5,378,285

1.2%

£5,316,406

7.1%

£4,961,918

-10.9%

£5,566,878

-30.4%

£8,001,229

Directors Emoluments

£224,557

-17.9%

£273,663

-10.7%

£306,596

14.6%

£267,605

-61.1%

£687,081

Operating Profit

£659,338

-25.7%

£887,249

-33.7%

£1,337,729

999.9%

£66,100

103.5%

-£1,895,867

Depreciation

£432,891

-16.8%

£520,066

64.4%

£316,379

-6.3%

£337,549

-22.3%

£434,620

Audit Fees

£37,000

-

£37,000

-45.9%

£68,333

34%

£51,000

-35.6%

£79,163

Interest Payments

£186,856

-22.1%

£239,835

1.2%

£237,031

-25.9%

£320,063

27.2%

£251,687

Pre Tax Profit

£505,029

-23.9%

£663,629

-39.8%

£1,102,619

743.1%

-£171,463

63.2%

-£466,133

Taxation

-£51,947

80%

-£259,627

16.4%

-£310,610

-987.6%

-£28,559

-109.6%

£298,964

Profit After Tax

£453,082

12.1%

£404,002

-49%

£792,009

496%

-£200,022

-19.7%

-£167,169

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£379,530

-16.4%

£454,001

-31.2%

£659,721

429.8%

-£200,022

-355.4%

£78,323

 

 

Balance Sheet

 

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Tangible Assets

£10,047,748

3.1%

£9,747,851

-2.4%

£9,991,098

-17%

£12,036,161

108%

£5,785,510

Intangible Assets

£2,376,291

-0.1%

£2,377,580

6.1%

£2,241,195

-

0

-100%

£494,233

Total Fixed Assets

£12,424,039

2.5%

£12,125,431

-0.9%

£12,232,293

1.6%

£12,036,161

91.7%

£6,279,743

Stock

£330,960

-80.2%

£1,673,411

-25%

£2,231,739

61.8%

£1,379,642

-10.3%

£1,537,806

Trade Debtors

£2,562,930

-64.8%

£7,273,440

-11.7%

£8,240,809

419.6%

£1,586,016

-62.2%

£4,193,445

Cash

£5,046,004

188.7%

£1,748,041

-5.6%

£1,851,186

-74.3%

£7,213,448

-12.8%

£8,268,354

Other Debtors

£2,552,261

13.1%

£2,256,479

-38%

£3,636,698

-42.7%

£6,350,249

37.6%

£4,615,350

Miscellaneous Current Assets

£31,467

-

0

-100%

£241,859

82.4%

£132,589

-81%

£696,656

Total Current Assets

£10,523,622

-18.7%

£12,951,371

-20.1%

£16,202,291

-2.8%

£16,661,944

-13.7%

£19,311,611

Trade Creditors

£1,614,918

-51.4%

£3,323,791

46.6%

£2,266,551

273.4%

£607,064

-74.8%

£2,412,156

Bank Loans & Overdrafts

£5,020,682

916.4%

£493,982

-89.5%

£4,685,754

-34.2%

£7,123,542

-42.9%

£12,466,952

Other Short Term Finance

£3,302,262

-56.2%

£7,543,931

-8.1%

£8,208,428

-0.4%

£8,242,416

530.7%

£1,306,804

Miscellaneous Current Liabilities

£427,772

-76.6%

£1,824,270

94.5%

£937,746

213.1%

£299,477

-70.6%

£1,017,668

Total Current Liabilities

£10,365,634

-21.4%

£13,185,974

-18.1%

£16,098,479

-1.1%

£16,272,499

-5.4%

£17,203,580

Bank Loans & Overdrafts and LTL

£10,614,547

74.3%

£6,090,572

-42.8%

£10,656,836

-18.4%

£13,063,221

-13.4%

£15,087,002

Other Long Term Finance

0

-100%

£8,249

-38.8%

£13,480

-66.8%

£40,638

-95.1%

£824,817

Total Long Term Liabilities

£5,593,865

0%

£5,596,590

-6.3%

£5,971,082

0.5%

£5,939,679

126.7%

£2,620,050

 

 

Capital & Reserves

 

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Called Up Share Capital

£50,000

-

£50,000

-

£50,000

-

£50,000

-

£50,000

P & L Account Reserve

£6,906,695

5.8%

£6,527,165

7.5%

£6,073,164

-3.7%

£6,303,338

3.3%

£6,099,185

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£31,467

111.1%

-£282,927

-217%

£241,859

82.4%

£132,589

134.8%

-£381,461

Shareholder Funds

£6,988,162

11%

£6,294,238

-1.1%

£6,365,023

-1.9%

£6,485,927

12.5%

£5,767,724

 

 

Other Financial Items

 

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Worth

£4,611,871

17.8%

£3,916,658

-5%

£4,123,828

-36.4%

£6,485,927

23%

£5,273,491

Working Capital

£157,988

167.3%

-£234,603

-326%

£103,812

-73.3%

£389,445

-81.5%

£2,108,031

Total Assets

£22,947,661

-8.5%

£25,076,802

-11.8%

£28,434,584

-0.9%

£28,698,105

12.1%

£25,591,354

Total Liabilities

£15,959,499

-15%

£18,782,564

-14.9%

£22,069,561

-0.6%

£22,212,178

12%

£19,823,630

Net Assets

£6,988,162

11%

£6,294,238

-1.1%

£6,365,023

-1.9%

£6,485,927

12.5%

£5,767,724

 

 

Cash Flow

 

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

Net Cashflow from Operations

-£228,958

-105.3%

£4,293,919

510.1%

£703,829

-78.1%

£3,220,069

-

-

Net Cashflow before Financing

-£1,215,254

-129.6%

£4,098,719

654.7%

£543,106

124.8%

-£2,189,691

-

-

Net Cashflow from Financing

£706,181

116.7%

-£4,224,150

-539.4%

£961,342

-60.8%

£2,452,200

-

-

Increase in Cash

-£509,073

-305.9%

-£125,431

-108.3%

£1,504,448

473.1%

£262,509

-

-

 

 

Miscellaneous

 

 

Date Of Accounts

31/03/14

(%)

31/03/13

(%)

31/03/12

(%)

31/03/11

(%)

31/03/10

 

Contingent Liability

YES

-

YES

-

YES

-

YES

-

YES

Capital Employed

£12,582,027

5.8%

£11,890,828

-3.6%

£12,336,105

-0.7%

£12,425,606

48.1%

£8,387,774

Number of Employees

118

2.6%

115

-11.5%

130

-4.4%

136

-20.5%

171

 

Auditors

UHY HACKER YOUNG

Auditor Comments

The audit report contains no adverse comments

Bankers

ALLIED IRISH BANK

Bank Branch Code

 

 

 

Ratios

 

 

Date Of Accounts

31/03/14

31/03/13

31/03/12

31/03/11

31/03/10

Pre-tax profit margin %

1.45

1.36

2.92

-0.77

-1.55

Current ratio

1.02

0.98

1.01

1.02

1.12

Sales/Net Working Capital

220.34

-207.87

364

57.12

14.29

Gearing %

151.90

96.80

167.40

201.40

261.60

Equity in %

34

27.70

24.30

22.60

23

Creditor Days

16.88

24.80

21.83

9.93

29.15

Debtor Days

26.79

54.29

79.38

25.95

50.67

Liquidity/Acid Test

0.98

0.85

0.86

0.93

1.03

Return On Capital Employed %

4.01

5.58

8.93

-1.37

-5.55

Return On Total Assets Employed %

2.20

2.64

3.87

-0.59

-1.82

Current Debt Ratio

1.48

2.09

2.52

2.50

2.98

Total Debt Ratio

2.28

2.98

3.46

3.42

3.43

Stock Turnover Ratio %

0.95

3.43

5.90

6.20

5.10

Return on Net Assets Employed %

7.22

10.54

17.32

-2.64

-8.08

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

10/01/2015

New Accounts Filed

10/01/2015

New Accounts Filed

09/10/2014

Mrs F.H. Seth has left the board

02/06/2014

Annual Returns

13/02/2014

New Accounts Filed

13/02/2014

New Accounts Filed

13/05/2013

Annual Returns

03/05/2013

Mr O.S. Makam has resigned as company secretary

03/05/2013

New Company Secretary K. Kanodia appointed

20/12/2012

New Accounts Filed

20/12/2012

New Accounts Filed

19/05/2012

Annual Returns

29/02/2012

Change in Reg.Office

29/02/2012

Change of Company Postcode

11/01/2012

New Accounts Filed

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

9 companies

Linkages

59 companies

Countries

In 13 countries

 

 

Summary

 

Holding Company

-

Ownership Status

Wholly Owned

Ultimate Holding Company

PEARL GLOBAL INDUSTRIES

 

 

Group structure Full

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

 PEARL GLOBAL INDUSTRIES

55-36849

31.03.2014

-

€712,809,647

 GLOBAL TEXTILES GROUP LTD

N/A

-

-

 

 POETICGEM LIMITED

02608346

31.03.2014

Y

£34,811,257

 F.X. IMPORT COMPAN...

03170332

31.03.2014

N

£5,019,328

 PACIFIC LOGISTICS...

04944346

31.03.2014

N

£363,551

 POETIC KNITWEAR LI...

06863593

31.03.2014

N

 

 MAGIC GLOBAL FASHIONS LTD

N/A

-

-

 

 MULTINATIONAL TEXTILE...

N/A

-

-

 

 CASA FORMA LIMITED

06060342

31.03.2014

N

£1,005,829

 

 

Mortgage Details

 

Mortgage Type:

 

Date Charge Created:

10/05/13

 

 

Date Charge Registered:

14/05/13

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC;

Amount Secured:

 

Details:

F/H PROPERTY KNOWN AS LAND AND BUILDINGS ON THE SOUTH EAST SIDE OF BRUNLEYS KILN FARM INDUSTRIAL ESTATE, T/NO: BM195265NOTIFICATION OF ADDITION TO OR AMENDMENTOF CHARGE.

Mortgage Type:

FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

14/11/12

 

 

Date Charge Registered:

16/11/12

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Amount Secured:

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

Details:

BY WAY OF FLOATING CHARGE ALL THE UNDERTAKING AND ALL ASSETS WHATSOEVER AND WHERESOEVER NOW OWNED ORHEREAFTER ACQUIREDBY THE COMPANY OR IN WHICH IT NOW HAS OR IN THE FUTURE ACQUIRES AN INTEREST INCLUDING THE COMPANY\S STOCK IN TRADE AND ITS UNCALLED CAPITAL EXCLUDING ANY DEBTSAS ASSOCIATED RIGHTS RELATING THERETO THE OWNERSHIP OF WHICH VESTS IN OR SHALL AT ANY TIME HEREAFTER VEST IN THE SECURITYHOLDER BY VIRTUE OF ANY AGREEMENT FORTHE PURCHASE OF DEBTS BETWEEN THE COMPANY AND THE SECURITY HOLDER, AND THE PROCEEDS AND THE PRODUCTS THEREOF

 

Mortgage Type:

FIXED CHARGE ON PURCHASED DEBTS WHICH FAIL TO VEST

Date Charge Created:

14/11/12

 

 

Date Charge Registered:

16/11/12

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

BY WAY OF FIXED EQUITABLE CHARGE ALL DEBTS PURCHASED OR PURPORTED TO BE PURCHASED BY THE SECURITY HOLDER PURSUANT TO ANAGREEMENT FOR THE PURCHASE OF DEBTS BETWEEN THE SECURITY HOLDER AND THE COMPANY(INCLUDING ASSOCIATED RIGHTS RELATING THERETO) WHICH FAIL TO VEST EFFECTIVELY OR ABSOLUTELY IN THE SECURITY HOLDER FOR ANY REASON

Mortgage Type:

DEBENTURE

Date Charge Created:

11/09/12

 

 

Date Charge Registered:

12/09/12

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

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

 

Mortgage Type:

LEGAL ASSIGNMENT OF CONTRACT MONIES

Date Charge Created:

28/08/12

 

 

Date Charge Registered:

30/08/12

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

ANY CREDIT BALANCE DUE TO THE COMPANY UNDER CONDITION 13 OF THE AGREEMENT FOR THE PURCHASE OF DEBTSAND ANY DISCOUNTINGALLOWANCE DUE UNDER THE CONTRACT THE BENEFIT OF ALL THE OTHER PROVISIONS OF THECONTRACT AND ALL SECURITIES IN RESPECT OF THAT CREDIT BALANCE

Mortgage Type:

CHARGE OF DEPOSIT

Date Charge Created:

11/08/11

 

 

Date Charge Registered:

18/08/11

 

 

Date Charge Satisfied:

23/01/13

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

 

Details:

ALL AMOUNTS NOW AND IN THE FUTURE CREDITED TO ACCOUNT NUMBER 10331805 WITH THE BANK

 

 

Mortgage Type:

CHARGE OF DEPOSIT

Date Charge Created:

20/07/09

 

 

Date Charge Registered:

22/07/09

 

 

Date Charge Satisfied:

23/01/13

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SOTLAND PLC

Amount Secured:

 

Details:

THE DEPOSIT INITIALLY OF £1,450,000 CREDITED TO ACCOUNT DESIGNATION NUMBER 10185930 WITH THE BANK AND ANY ADDITION TO THAT DEPOSIT AND ANY DEPOSIT OR ACCOUNT FROM TIME TO TIME OF ANY OTHER CURRENCY DESCRIPTION OR DESIGNATION WHICH DERIVES IN WHOLE OR IN PART FROM SUCH DEPOSIT ORACCOUNT

Mortgage Type:

COLLATERAL AGREEMENT

Date Charge Created:

20/05/08

 

 

Date Charge Registered:

31/05/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

CITIBANK, NA, LONDON FOR ITSELF AND ON BEHALF OF CITIGROUP, INC

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 RIGHTS TO, BENEFITS AND PROCEEDS OFANYTHING HELD FOR THE COMPANY\S ACCOUNTSEE IMAGE FOR FULL DETAILS

 

Mortgage Type:

CHARGE OF DEPOSIT

Date Charge Created:

04/01/08

 

 

Date Charge Registered:

19/01/08

 

 

Date Charge Satisfied:

23/01/13

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

 

Details:

ALL DEPOSITS NOW AND IN THE FUTURE CREDITED TO ACCOUNT DESIGNATION POET-USD-A-00427105 WITH THE BANKAND ANY DEPOSIT ORACCOUNT OF ANY OTHER DESCRIPTION OR DESIGNATION WHICH DERIVES IN WHOLE OR IN PARTFROM SUCH DEPOSITS OR ACCOUNT

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

30/11/06

 

 

Date Charge Registered:

09/12/06

 

 

Date Charge Satisfied:

23/01/13

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

 

Details:

TELEFLEX PLOT BRUNLEYS KILN FARM MILTONKEYNES BUCKINGHAMSHIREBY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS ANDUTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

 

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

19/09/05

 

 

Date Charge Registered:

24/09/05

 

 

Date Charge Satisfied:

29/10/09

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

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

Details:

FLAT 16 15 GROSVENOR SQUARE LONDONBY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS ANDUTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS

Mortgage Type:

FIXED AND FLOATING CHARGE

Date Charge Created:

19/09/05

 

 

Date Charge Registered:

23/09/05

 

 

Date Charge Satisfied:

23/01/13

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED (THE SECURITY HOLDER)

Amount Secured:

 

Details:

BY WAY OF FIXED CHARGE ON ALL F/H AND L/H PROPERTY, ALL FIXTURES AND FITTINGS AND FIXED PLANT AND MACHINERY, ALL GOODWILL UNPAID AND/OR UNCALLED CAPITAL, ALL INTELLECTUAL PROPERTY, ALL SECURITIES, ALLLOAN CAPITAL INDEBTEDNESS OR LIABILITIES ON ANY ACCOUNT ALL MONIES PAYABLE UNDER OR PURSUANT TO THEINSURANCES ALL FIXED CHARGE DEBTS AND FLOATING CHARGE ON THE REMAINDER OF THE UNDERTAKING PROPERTYRIGHTS AND ASSETSSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

23/08/05

 

 

Date Charge Registered:

27/08/05

 

 

Date Charge Satisfied:

23/01/13

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

THE ROYAL BANK OF SCOTLAND PLC

Amount Secured:

 

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

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

22/10/02

 

 

Date Charge Registered:

23/10/02

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

ESCALA 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 OF £21,805.06

 

 

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

12/04/02

 

 

Date Charge Registered:

18/04/02

 

 

Date Charge Satisfied:

31/01/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

FLAT 16, 15 GROSVENOR SQUARE LONDON W1XPLD WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIPRIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OR OTHER INTERESTCREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

01/06/01

 

 

Date Charge Registered:

07/06/01

 

 

Date Charge Satisfied:

06/06/03

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

THE PROPERTY 32 AVENUE CLOSE AVENUE ROAD ST JOHNS WOOD L/H WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROMTIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OROTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THEPROPERTY

 

 

Mortgage Type:

FIXED AND FLOATING CHARGE (ALL ASSETS)

Date Charge Created:

09/04/01

 

 

Date Charge Registered:

10/04/01

 

 

Date Charge Satisfied:

31/01/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE WHETHER ARISING UNDER AN AGREEMENTFOR THE PURCHASE OFDEBTS OR OTHERWISE

Details:

FIXED AND FLOATING CHARGE OVER ALL UNDERTAKING PROPERTY AND ASSETS INCLUDING ALL PURCHASED DEBTS, THE OTHER DEBTS, UNCALLED CAPITAL, GOODWILL AND PATENTS SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

LEGAL MORTGAGE

Date Charge Created:

28/03/01

 

 

Date Charge Registered:

03/04/01

 

 

Date Charge Satisfied:

31/01/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

Details:

THE L/H PROPERTY K/A 32 AVENUE CLOSE LONDON T/N NGL474635 WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATINGTO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESSFROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLEUNDER ANY LEASE LICENCE OROTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECTOF THE PROPERTY

 

Mortgage Type:

DEBENTURE

Date Charge Created:

23/03/01

 

 

Date Charge Registered:

03/04/01

 

 

Date Charge Satisfied:

25/06/07

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

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

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

14/09/98

 

 

Date Charge Registered:

21/09/98

 

 

Date Charge Satisfied:

26/07/01

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HABIB BANK AG ZURICH

Amount Secured:

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

Details:

ALL THAT L/H 3RD FLOOR FLAT NO 32 AVENUE CLOSE AVENUE ROAD LONDON NW8 6BY CAMDEN T/N NGL474125 AND NGL474635

 

Mortgage Type:

STANDARD MORTGAGE DEBENTURE

Date Charge Created:

14/09/98

 

 

Date Charge Registered:

21/09/98

 

 

Date Charge Satisfied:

26/07/01

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

HABIB BANK AG ZURICH

Amount Secured:

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

Details:

. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:

SECOND MORTGAGE

Date Charge Created:

10/05/94

 

 

Date Charge Registered:

17/05/94

 

 

Date Charge Satisfied:

30/09/98

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

P.T. BANK NEGARA INDONESIA (PERSERO)

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF ANY OF THEFINANCE DOCUMENTS (AS DEFINED THEREIN)

Details:

PROPERTY K/A 32 AVENUE CLOSE, AVENUE ROAD, ST JOHN\S WOOD, LONDON T/NOS. NGL474125 AND NGL474635 ANDALL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY ETC. THEREON. ASSIGNMENT OF ALL RENTAL AND OTHER INCOME FROM THE PROPERTY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

LEGAL CHARGE

Date Charge Created:

10/05/94

 

 

Date Charge Registered:

12/05/94

 

 

Date Charge Satisfied:

31/01/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

MIDLAND BANK PLC

Amount Secured:

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

Details:

L/H PROPERTY K/A 32 AVENUE CLOSE, AVENUE ROAD, ST JOHN\S WOOD, LONDON NW8 TOGETHER WITH ALL FIXTURESAND FITTINGS NOW OR AT ANY TIME HEREAFTER ON THE PROPERTY. THE BENEFITS OF ALL RIGHTS LICENCES ANDTHE GOODWILL OF THE MORTGAGOR INRELATION TO THE BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

03/03/94

 

 

Date Charge Registered:

05/03/94

 

 

Date Charge Satisfied:

31/01/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

EL EDWARD RANULPH ALLSOPP PATRICIA A

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LEASE OF EVENDATE

Details:

A DEPOSIT OF £15,800.00 AT GRANVILLE TRUST LIMITED,77 MANSELL STREET,LONDON,E1

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

03/03/94

 

 

Date Charge Registered:

05/03/94

 

 

Date Charge Satisfied:

31/01/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

NN ALLSOPP

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LEASE OF EVENDATE

Details:

A DEPOSIT OF £15,800.00 AT GRANVILLE TRUST LIMITED,77 MANSELL STREET,LONDON,E1

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

03/03/94

 

 

Date Charge Registered:

05/03/94

 

 

Date Charge Satisfied:

31/01/08

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

WILLIAM PAUL HARRIMAN MICHA

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LEASE OF EVENDATE

Details:

A DEPOSIT OF £15,800.00 AT GRANVILLE TRUST LIMITED,77 MANSELL STREET,LONDON,E1

 

Mortgage Type:

DEPOSIT CHARGE

Date Charge Created:

04/03/93

 

 

Date Charge Registered:

12/03/93

 

 

Date Charge Satisfied:

30/09/98

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

PT BANK NEGARA INDONESIA (PERSERO)

Amount Secured:

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

Details:

ALL ITS RIGHT TITLE AND INTEREST IN THEACCOUNT SPECIFIED IN THE SCHEDULE TO THE DEPOSIT CHARGE FOR FULL DETAILS SEE FORM 395

Mortgage Type:

DEBENTURE

Date Charge Created:

23/06/92

 

 

Date Charge Registered:

26/06/92

 

 

Date Charge Satisfied:

30/09/98

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

BANK NEGARA INDONESIA 1946

Amount Secured:

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

Details:

SEE DOC REF M284C FOR FULL DETAILS A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALLPROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Edith Short

0

4

Arun Gujral

0

1

Vipin Seth

8

1

Manish Chandra

0

3

Perry Bomi Vasunia

0

1

Deepak Burman

15

9

Anuj Banaik

8

1

Suresh Punjabi

0

4

Dilraj Singh Chawla

3

4

Pulkit Seth

0

1

Renu Anand Khanna

4

5

Renu Anand Khanna

4

5

Pallak Seth

13

4

Pulkit Seth

1

2

CCS SECRETARIES LIMITED

218

6662

CCS SECRETARIES LIMITED

218

6662

Omprakash Suryanarayanasetty Makam

0

1

Faiza Habeeb Seth

6

4

 

Average Invoice Value

£1224.49

Invoices available

66

Paid

58

Outstanding

8

 

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

28

18

11

1

0

Outstanding

0

1

6

0

1

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.75

UK Pound

1

Rs.94.60

Euro

1

Rs.67.10

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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.