MIRA INFORM REPORT

Report No. :	505273
Report Date :	24.04.2018

IDENTIFICATION DETAILS

Name :	UNITAPE LIMITED
Registered Office :	Unigel House 7 Park View Alder Close Eastbourne BN23 6QE
Country :	United Kingdom
Financials (as on) :	31.12.2016
Date of Incorporation :	09.02.2000
Com. Reg. No.:	03921955
Legal Form :	Private limited with Share Capital
Line of Business :	Manufacture of other fabricated metal products n.e.c.
No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United Kingdom	A1	A1

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

Company Name and address

UNITAPE LIMITED

UNIGEL HOUSE 7 PARK VIEW ALDER CLOSE EASTBOURNE BN23 6QE

Company No.

03921955

Company Status

Active - Accounts Filed

Company Summary

Registered Address UNIGEL HOUSE 7 PARK VIEW
ALDER CLOSE
EASTBOURNE
BN23 6QE

Trading Address Unigel House 7 Park View
Alder Close
Eastbourne
East Sussex BN23 6QE
BN23 6QE

Website Address http://www.unitape.co.uk

Telephone Number 01273930550

Fax Number

TPS No

FPS Yes

Incorporation Date 09/02/2000

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 19/10/2017

Currency GBP

Share Capital £225

SIC07 25990

Charity Number -

SIC07 Description MANUFACTURE OF OTHER FABRICATED METAL PRODUCTS N.E.C.

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant CROWE CLARK WHITEHILL LLP

Mortgages 2

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/12/2016 - - £307,994 -

31/12/2015 - - £159,398 -

31/12/2014 - - £489,169 -

Mortgage Summary

Total Mortgage 2

Outstanding 1

Satisfied 1

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

Commentary

The latest Balance Sheet indicates a 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 higher 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	5	Total Person's With Significant Control	3

Current Directors

Title		Function	Director
Name	Mukhtiar Sohal	Nationality	British
Date of Birth	07/1962	Present Appointments	1
Latest Address	The Pidgeon House, 52 London Road, Hurst Green, Kent	Appointment Date	09/02/2000
Post Code	TN19 7PN
Title	Mr	Function	Director
Name	Adrian Chisholm	Nationality	British
Date of Birth	04/1974	Present Appointments	2
Latest Address	15 Larch End, Uckfield, East Sussex	Appointment Date	06/06/2007
Post Code	TN22 5GN

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
KWANG HUA CHHOA	GBP	225	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
	Turnover	-	-	-	-	-	-	-	-	£5,246,616
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£607	15.8%	£524	-7.9%	£569	121.4%	£257	90.4%	£135
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Tangible Assets	£43,866	-44.3%	£78,770	-74.3%	£306,577	23.8%	£247,541	999.9%	£271
	Intangible Assets	£5,830	2.1%	£5,712	-5.6%	£6,049	42.1%	£4,258	84.7%	£2,305
	Total Fixed Assets	£49,696	-41.2%	£84,482	-73%	£312,626	24.2%	£251,799	999.9%	£2,576
	Stock	£721,196	40.3%	£513,956	-24%	£676,549	37.5%	£492,086	-22.4%	£633,975
	Trade Debtors	£272,241	-34.9%	£418,182	-51.9%	£869,768	37.9%	£630,949	38.1%	£456,777
	Cash	£18,070	130.5%	£7,838	53.7%	£5,101	51.2%	£3,374	-52.5%	£7,097
	Other Debtors	£231,791	28.3%	£180,615	-	0	-	0	-100%	£211,435
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£1,243,298	11%	£1,120,591	-27.8%	£1,551,418	37.7%	£1,126,409	-14%	£1,309,284
	Trade Creditors	£752,273	6.9%	£703,739	-48.8%	£1,374,875	38.1%	£995,227	6.1%	£938,256
	Bank Loans & Overdrafts	£187,210	-39.3%	£308,566	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£45,517	36.4%	£33,370	-	0	-	0	-	0
	Total Current Liabilities	£985,000	-5.8%	£1,045,675	-23.9%	£1,374,875	38.1%	£995,227	6.1%	£938,256
	Bank Loans & Overdrafts and LTL	£187,210	-39.3%	£308,566	-	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	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Called Up Share Capital	£225	-	£225	-40%	£375	-	£375	-	£375
	P & L Account Reserve	£307,619	93.4%	£159,023	-67.5%	£488,794	27.8%	£382,606	2.5%	£373,229
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£150	-	£150	-	-	-	-	-	-
	Shareholder Funds	£307,994	93.2%	£159,398	-67.4%	£489,169	27.7%	£382,981	2.5%	£373,604

Other Financial Items

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Net Worth	£302,164	96.6%	£153,686	-68.2%	£483,120	27.6%	£378,723	2%	£371,299
	Working Capital	£258,298	244.8%	£74,916	-57.6%	£176,543	34.6%	£131,182	-64.6%	£371,028
	Total Assets	£1,292,994	7.3%	£1,205,073	-35.4%	£1,864,044	35.3%	£1,378,208	5.1%	£1,311,860
	Total Liabilities	£985,000	-5.8%	£1,045,675	-23.9%	£1,374,875	38.1%	£995,227	6.1%	£938,256
	Net Assets	£307,994	93.2%	£159,398	-67.4%	£489,169	27.7%	£382,981	2.5%	£373,604

Miscellaneous

	Date Of Accounts	31/12/16	(%)	31/12/15	(%)	31/12/14	(%)	31/12/13	(%)	31/12/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£307,994	93.2%	£159,398	-67.4%	£489,169	27.7%	£382,981	2.5%	£373,604
	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	CROWE CLARK WHITEHILL LLP
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/16	31/12/15	31/12/14	31/12/13	31/12/12
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.26	1.07	1.13	1.13	1.40
	Sales/Net Working Capital	-	-	-	-	14.14
	Gearing %	60.80	193.60	0	0	0
	Equity in %	23.90	13.30	26.30	27.90	28.50
	Creditor Days	-	-	-	-	65.09
	Debtor Days	-	-	-	-	31.69
	Liquidity/Acid Test	0.53	0.58	0.63	0.63	0.71
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	3.19	6.56	2.81	2.59	2.51
	Total Debt Ratio	3.19	6.56	2.81	2.59	2.51
	Stock Turnover Ratio %	-	-	-	-	12.08
	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
28/02/2018	Confirmation Statement
30/11/2017	Change in Reg.Office
30/11/2017	Change of Company Postcode
26/10/2017	New Accounts Filed
26/10/2017	New Accounts Filed
23/02/2017	Annual Returns
27/05/2016	New Accounts Filed
18/03/2016	New Accounts Filed
21/02/2016	Annual Returns
09/10/2015	Mr R.B. George has resigned as company secretary
09/10/2015	Mr R.B. George has left the board
02/10/2015	New Accounts Filed
05/03/2015	Annual Returns
21/05/2014	New Accounts Filed
11/03/2014	Annual Returns

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 Full

No Group Structure

Mortgage Details

Mortgage Type:
Date Charge Created:	10/08/16
Date Charge Registered:	12/08/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LLOYDS BANK COMMERCIAL FINANCE LIMITED;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	16/05/11
Date Charge Registered:	21/05/11
Date Charge Satisfied:	02/10/17
Status:	SATISFIED
Person(s) Entitled:	BIBBY FINANCIAL SERVICES LIMITED;
Amount Secured:
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 SEE IMAGEFOR FULL DETAILS

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Elisabeth Raynor	0		45	82
Richard Barrie George	1		5	7
Richard Barrie George	1		5	7
Susan Jean Claydon	0		65	138
Stephanie Xuefei Song	0		1	0
Total Persons With Significant Control		3	Total Statements		0
Active		1	Active		0
Ceased		2	Ceased		0

Active Persons With Significant Control

Name	Mr Kwang Hua Chhoa	Kind	Individual Person With Significant Control
Address	28 Jalan 3/1, Tropicana Golf & Country Resort, Petaling Jaya, Selangor, Darul Ehsan	Country Of Residence	Malaysia
Post Code	-	Nationality	Malaysian
Date of Birth	11/1964	Notified On	20/12/2017
Nature Of Control	Has significant influence or control

Ceased Persons With Significant Control

Name	Mr Mukhtiar Singh Sohal	Kind	Individual Person With Significant Control
Address	Unigel House 7 Park View, Alder Close, Eastbourne, East Sussex	Country Of Residence	England
Post Code	BN23 6QE	Nationality	British
Date of Birth	07/1962	Notified On	01/07/2016
Nature Of Control	Ownership of shares - between 50% and 75%	Ceased On	20/12/2017
Name	Mr Adrian Chisholm	Kind	Individual Person With Significant Control
Address	15 Larch End, Uckfield, East Sussex	Country Of Residence	United Kingdom
Post Code	TN22 5GN	Nationality	British
Date of Birth	04/1974	Notified On	01/07/2016
Nature Of Control	Ownership of shares - between 25% and 50%	Ceased On	20/12/2017

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 66.22
UK Pound	1	INR 92.84
Euro	1	INR 81.27
GBP	1	INR 92.51

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

INFORMATION DETAILS

Analysis Done by :	VAR
Report Prepared by :	TRU

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.