MIRA INFORM REPORT

Report No. :	352308
Report Date :	28.11.2015

IDENTIFICATION DETAILS

Name :	R.S.T. INTERNATIONAL LIMITED

Formerly Known As :	RST GLOBAL LIMITED

Registered Office :	Pingle House Pingle Street, Leicester, LE3 5DB

Country :	United Kingdom

Financials (as on) :	31.03.2014

Date of Incorporation :	02.04.2004

Com. Reg. No.:	05091388

Legal Form :	Private limited with Share Capital

LINE OF BUSINESS :	· WHOLESALE OF CLOTHING AND FOOTWEAR. · IMPORTER, EXPORTER AND DISTRIBUTION OF TEXTILES.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company

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

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 and Address

Company Name: R.S.T. INTERNATIONAL LIMITED

Company No: 05091388

Company Status: Active - Accounts Filed

Registered Address: PINGLE HOUSE PINGLE STREET LEICESTER LE3 5DB

Company Summary

Registered Address PINGLE HOUSE PINGLE STREET, LEICESTER, LE3 5DB

Trading Address Pingle Street, Leicester, Leicestershire, LE3 5DB

Website Address http://www.rst-int.com

Telephone Number 01162533315

Fax Number --

TPS Yes

FPS No

Incorporation Date 02/04/2004

Previous Name RST GLOBAL LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 23/04/2009

Filing Date of Accounts 13/10/2014

Currency GBP

Share Capital £100

SIC07 46420

Charity Number -

SIC07 Description WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity Importer, exporter and distribution of textiles.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/03/2014 - - £464,569 -

31/03/2013 - - £415,968 -

31/12/2011 - - £402,020 -

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.

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

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	1
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Rishi Sudhir Thobhani	Date of Birth	21/07/1980
Officers Title	Mr	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	02/04/2004
Address	Pingle House Pingle Street, Leicester, LE3 5DB

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
RISHI S. THOBHANI	GBP	100	ORDINARY	1	100

Financials

Profit & Loss

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Weeks	52	(%)	65	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Depreciation	£4,666	7.2%	£4,354	41.9%	£3,068	-8.5%	£3,353	230.7%	£1,014
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Tangible Assets	£20,060	32.1%	£15,184	27.6%	£11,903	1%	£11,786	238%	£3,487
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Fixed Assets	£20,060	32.1%	£15,184	27.6%	£11,903	1%	£11,786	238%	£3,487
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Stock	£311,849	93.2%	£161,453	-14.8%	£189,587	104.2%	£92,828	17.5%	£78,974
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Trade Debtors	£80,702	34%	£60,204	-68.8%	£192,913	-8.1%	£209,858	136.9%	£88,578
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Cash	£143,757	-36.9%	£227,653	104.7%	£111,222	-50%	£222,582	101%	£110,756
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Current Assets	£536,308	19.4%	£449,310	-9%	£493,722	-6%	£525,268	88.7%	£278,308
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Trade Creditors	£88,762	95.1%	£45,489	-55.1%	£101,224	-56.5%	£232,773	104.4%	£113,873
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Current Liabilities	£88,762	95.1%	£45,489	-55.1%	£101,224	-56.5%	£232,773	104.4%	£113,873
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£3,037	-	£3,037	27.6%	£2,381	-3.8%	£2,475	238.1%	£732
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£3,037	-	£3,037	27.6%	£2,381	-3.8%	£2,475	238.1%	£732

Capital & Reserves

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	P & L Account Reserve	£464,469	11.7%	£415,868	3.5%	£401,920	33.2%	£301,706	80.6%	£167,090
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Shareholder Funds	£464,569	11.7%	£415,968	3.5%	£402,020	33.2%	£301,806	80.5%	£167,190

Other Financial Items

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Worth	£464,569	11.7%	£415,968	3.5%	£402,020	33.2%	£301,806	80.5%	£167,190
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Working Capital	£447,546	10.8%	£403,821	2.9%	£392,498	34.2%	£292,495	77.9%	£164,435
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Assets	£556,368	19.8%	£464,494	-8.1%	£505,625	-5.9%	£537,054	90.6%	£281,795
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Liabilities	£91,799	89.2%	£48,526	-53.2%	£103,605	-56%	£235,248	105.3%	£114,605
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Assets	£464,569	11.7%	£415,968	3.5%	£402,020	33.2%	£301,806	80.5%	£167,190

Cash Flow

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/12/11	(%)	31/12/10	(%)	31/12/09
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Capital Employed	£467,606	11.6%	£419,005	3.6%	£404,401	32.9%	£304,281	81.2%	£167,922
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/14	31/03/13	31/12/11	31/12/10	31/12/09
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Current ratio	6.04	9.88	4.88	2.26	2.44
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Gearing %	0.70	0.70	0.60	0.80	0.40
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Equity in %	83.50	89.60	79.50	56.20	59.30
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	2.52	6.32	3	1.85	1.75
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.19	0.10	0.25	0.77	0.68
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.19	0.11	0.25	0.77	0.68
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\VIVEK-PC\123 Foreign Report Raw\R.S.T. INTERNATIONAL LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
24/04/2015	Annual Returns
24/10/2014	New Accounts Filed
12/04/2014	Annual Returns
07/12/2013	New Accounts Filed
15/04/2013	Annual Returns
10/12/2012	Change in Reg.Office
10/12/2012	Change of Company Postcode
01/08/2012	New Accounts Filed
23/04/2012	Annual Returns
01/10/2011	New Accounts Filed
07/04/2011	Annual Returns
05/10/2010	New Accounts Filed
07/05/2010	Change in Reg.Office
07/05/2010	Change of Company Postcode
12/04/2010	Annual Returns

Previous Company Names

Date	Previous Name
23/04/2009	RST GLOBAL LIMITED

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

No Group Structure

Previous Director/Company Secretaries

Name		Current Directorships	Previous Directorships
Sudhirkumar Thobhani		8	2
RWL REGISTRARS LIMITED		483	13047
Average Invoice Value	Ł76.09
Invoices available	26
Paid	25
Outstanding	1

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	7	13	2	2	1
Outstanding	1	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.75
UK Pound	1	Rs.100.68
Euro	1	Rs.70.88
GBP	1	Rs.100.43

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	KAS

Report Prepared by :	NIT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.