Company Summary

Additional Information

Key Financials

Mortgage summary

Trade debtors / bad debt summary

Commentary

CCJ

Current Directors

Current Company Secretary

Profit & Loss

Balance Sheet

Capital & Reserves

Other Financial Items

Cash Flow

Miscellaneous

Ratios

Status History

Event History

Previous Company Names

Mortgage Details

Previous Director/Company Secretaries

MIRA INFORM REPORT

Report No. :	503354
Report Date :	11.04.2018

IDENTIFICATION DETAILS

Name :	VIZONE WAVE LIMITED

Formerly Known As :	VEVICOM LIMITED

Registered Office :	1 Caxton Place, Roden Street, Ilford IG1 2AH

Country :	United Kingdom

Financials (as on) :	30.06.2016

Date of Incorporation :	13.06.2012

Com. Reg. No.:	08103066

Legal Form :	Private Limited with Share Capital

Line of Business :	· Non-Specialized Wholesale Trade · Telecommunication Activities.

No. of Employees :	Not Available

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd January 2017)

MIRA’s Rating :

Credit Rating

Explanation

Rating Comments

Acceptable Risk

Business dealings permissible with moderate risk of default

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

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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 the UK’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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.

The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.

Source : CIA

Registered Address

1 Caxton Place
Roden Street
Ilford
IG1 2AH

Trading Address

1 Caxton Place
Roden Street
Ilford
Essex
IG1 2AH

Website Address -

Company Number 08103066

Telephone Number -

Fax Number -

TPS -

FPS Yes

Incorporation Date 13/06/2012

Previous Name VEVICOM LIMITED

Type Private Limited with Share Capital

FTSE Index -

Date of Change 07/08/2012

Filing Date of Accounts 28/09/2017

Currency GBP

Share Capital £1

SIC07 46900

Charity Number -

SIC07 Description Non-specialized wholesale trade

Principal Activity Telecommunication activities.

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 1

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
30.06.2016	-	-	£163,036	-
30.06.2015	-	-	£116,194	-
30.06.2017	-	-	£92,515	-

Total Mortgage 1

Outstanding 0

Satisfied 1

Total Number of Documented Trade 0

Total Value of Documented Trade £0

This company has been treated as a Small company.

The latest Balance Sheet indicates a very positive 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.

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	1	Total Person's With Significant Control	0

Title	Mr	Function	Director
Name	Jitendra Kumar Patel	Nationality	British
Date of Birth	06/1964	Present Appointments	2
Latest Address	29 Harley Street, London	Appointment Date	13/06/2012
Post Code	W1G 9QR

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
JITENDRA KUMAR PATEL	GBP	1	ORDINARY	1	100

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	-
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	-
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	-
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	£2,669,049	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-100%	£2,511,804	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	£157,245	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	£62,525	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Depreciation	£87,486	61.6%	£54,129	142%	£22,369	3.1%	£21,703	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	£62,525	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	£62,525	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	£62,525	-	-

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Tangible Assets	£164,258	38.8%	£118,317	12.1%	£105,506	62%	£65,113	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Total Fixed Assets	£164,258	38.8%	£118,317	12.1%	£105,506	62%	£65,113	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Stock	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Trade Debtors	£202,105	1.7%	£198,688	40.8%	£141,083	19.7%	£117,870	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Cash	0	-100%	£167,107	999.9%	£4,838	-93.9%	£79,192	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Other Debtors	0	-100%	£224,026	-	0	-100%	£549,184	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Total Current Assets	£202,105	-65.7%	£589,821	304.2%	£145,921	-80.4%	£746,246	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Trade Creditors	£44,867	-89.5%	£428,484	169.6%	£158,912	-40.6%	£267,726	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-100%	£1,224	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-100%	£479,883	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Total Current Liabilities	£44,867	-89.5%	£428,484	169.6%	£158,912	-78.8%	£748,833	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£158,460	-3.1%	£163,460	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£158,460	-3.1%	£163,460	-	0	-	0	-	-

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Called Up Share Capital	£1	-	£1	-	£1	-	£1	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	P & L Account Reserve	£163,035	40.3%	£116,193	25.6%	£92,514	48%	£62,525	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Shareholder Funds	£163,036	40.3%	£116,194	25.6%	£92,515	48%	£62,526	-	-

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Net Worth	£163,036	40.3%	£116,194	25.6%	£92,515	48%	£62,526	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Working Capital	£157,238	-2.5%	£161,337	999.9%	-£12,991	-402.2%	-£2,587	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Total Assets	£366,363	-48.3%	£708,138	181.6%	£251,427	-69%	£811,359	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Total Liabilities	£203,327	-65.7%	£591,944	272.5%	£158,912	-78.8%	£748,833	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Net Assets	£163,036	40.3%	£116,194	25.6%	£92,515	48%	£62,526	-	-

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

	Date Of Accounts	30/06/16	(%)	30/06/15	(%)	30/06/14	(%)	30/06/13	(%)	-
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Capital Employed	£321,496	15%	£279,654	202.3%	£92,515	48%	£62,526	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

	Date Of Accounts	30/06/16	30/06/15	30/06/14	30/06/13	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	2.34	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Current ratio	4.50	1.38	0.92	1	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-1031.72	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Gearing %	97.20	140.70	0	0	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Equity in %	44.50	16.40	36.80	7.70	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Creditor Days	-	-	-	36.51	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Debtor Days	-	-	-	16.07	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	4.50	1.37	0.91	0.99	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	99.99	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	7.70	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.27	3.68	1.71	11.97	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Total Debt Ratio	1.24	5.09	1.71	11.97	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\VIZONE WAVE LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	99.99	-

Report Notes

There are no notes to display.

Date	Description
17/08/2017	Compulsory strike off cancelled
11/07/2017	Suspension of striking off letter
08/06/2017	Dissolution (First Gazt)
28/07/2016	Compulsory strike off cancelled
21/07/2016	Suspension of striking off letter
09/06/2016	Dissolution (First Gazt)
07/08/2015	Compulsory strike off cancelled
09/07/2015	Dissolution (First Gazt)

Date	Description
02/01/2018	Confirmation Statement
03/10/2017	New Accounts Filed
17/08/2017	Confirmation Statement
08/11/2016	New Accounts Filed
02/11/2016	New Accounts Filed
29/07/2016	Annual Returns
04/12/2015	New Accounts Filed
02/12/2015	New Accounts Filed
02/12/2015	New Accounts Filed
09/08/2015	Annual Returns
20/01/2015	Mr R.C. Lokusooriya Arachchilage has left the board
20/10/2014	Annual Returns
16/10/2014	Change in Reg.Office
13/10/2014	Change in Reg.Office
13/10/2014	Change of Company Postcode

Date	Previous Name
07/08/2012	VEVICOM LIMITED

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

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	25/06/12
Date Charge Registered:	27/09/13
Date Charge Satisfied:	-
Status:	SATISFIED
Person(s) Entitled:	WATERFRONT STUDIOS LIMITED;
Amount Secured:
Details:	£2,534.40

Current Active Appointments

Previous Appointments

Dissolved Companies

Rasika Chamara Lokusooriya Arachchilage

Total Persons With Significant Control

Total Statements

Active

Active

Ceased

Ceased

Active Persons With Significant Control

No Active Persons With Significant Control To Display

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.94
UK Pound	1	INR 91.75
Euro	1	INR 79.90
GBP	1	INR 92.66

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

INFORMATION DETAILS

Analysis Done by :	NIS

Report Prepared by :	KET

RATING EXPLANATIONS

Credit Rating	Explanation	Rating Comments
A++	Minimum Risk	Business dealings permissible with minimum risk of default
A+	Low Risk	Business dealings permissible with low risk of default
A	Acceptable Risk	Business dealings permissible with moderate risk of default
B	Medium Risk	Business dealings permissible on a regular monitoring basis
C	Medium High Risk	Business dealings permissible preferably on secured basis
D	High Risk	Business dealing not recommended or on secured terms only
NB	New Business	No recommendation can be done due to business in infancy stage
NT	No Trace	No recommendation can be done as the business is not traceable

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

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 are as follows:

· Financial condition covering various ratios

· Company background and operations size

· Promoters / Management background

· Payment record

· Litigation against the subject

· Industry scenario / competitor analysis

· Supplier / Customer / Banker review (wherever available)

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.