MIRA INFORM REPORT

Report No. :	504930
Report Date :	25.04.2018

IDENTIFICATION DETAILS

Name :	AKSHAJ COMMODITIES LTD
Registered Office :	24A Uxbridge Road, Stanmore, Middlesex, HA7 3LG
Country :	United Kingdom
Financials (as on) :	30.09.2016
Date of Incorporation :	07.09.2015
Com. Reg. No.:	09764442
Legal Form :	Private Limited with Share Capital
Line of Business :	Non-Specialized Wholesale of Food, Beverages and Tobacco
No. of Employees :	Not Available

RATING & COMMENTS

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

MIRA’s Rating :

A

Credit Rating	Explanation	Rating Comments
A	Acceptable Risk	Business dealings permissible with moderate risk of default

Status :	Satisfactory
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

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 Summary

Registered Address

24A Uxbridge Road
Stanmore
Middlesex
HA7 3LG

Trading Address

24 Uxbridge Road
Stanmore
Middlesex
HA7 3LG

Website Address -

Company Number 09764442

Telephone Number -

Fax Number -

TPS -

FPS Yes

Incorporation Date 07/09/2015

Previous Name -

Type Private Limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 06/06/2017

Currency GBP

Share Capital -

SIC07 46390

Charity Number -

SIC07 Description Non-Specialized Wholesale Of Food, Beverages And Tobacco

Principal Activity -

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant CHAPMANS

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
30.09.2016	-	-	£6,446	-
-	-	-	-	-
-	-	-	-	-

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.

The latest Balance Sheet indicates a positive net working capital position.

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

The high debt/equity ratio indicates that assets are funded primarily by creditors rather than equity/reinvested profits.

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	2	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0	Total Person's With Significant Control	1

Current Directors

Title	Mrs	Function	Director
Name	Dhrupa Dharmesh Shah	Nationality	British
Date of Birth	04/1981	Present Appointments	1
Latest Address	24a Uxbridge Road, Stanmore, Middlesex	Appointment Date	07/09/2015
Post Code	HA7 3LG
Title	Mr	Function	Director
Name	Dharmesh Rameshchandra Shah	Nationality	Indian
Date of Birth	01/1972	Present Appointments	1
Latest Address	24a Uxbridge Road, Stanmore, Middlesex	Appointment Date	02/01/2018
Post Code	HA7 3LG

Current Company Secretary

Top Shareholders

No shareholders to display

Profit & Loss

	Date Of Accounts	30/09/16	(%)	-	(%)	-	(%)	-	(%)	-
	Weeks	56	(%)	-	(%)	-	(%)	-	(%)	-
	Currency	GBP	(%)	-	(%)	-	(%)	-	(%)	-
	Consolidated A/cs	N	(%)	-	(%)	-	(%)	-	(%)	-
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	-	-	-	-	-	-	-	-	-
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	30/09/16	(%)	-	(%)	-	(%)	-	(%)	-
	Tangible Assets	0	-	-	-	-	-	-	-	-
	Intangible Assets	0	-	-	-	-	-	-	-	-
	Total Fixed Assets	0	-	-	-	-	-	-	-	-
	Stock	£124,582	-	-	-	-	-	-	-	-
	Trade Debtors	£14,727	-	-	-	-	-	-	-	-
	Cash	£59,190	-	-	-	-	-	-	-	-
	Other Debtors	0	-	-	-	-	-	-	-	-
	Miscellaneous Current Assets	0	-	-	-	-	-	-	-	-
	Total Current Assets	£198,499	-	-	-	-	-	-	-	-
	Trade Creditors	£192,053	-	-	-	-	-	-	-	-
	Bank Loans & Overdrafts	0	-	-	-	-	-	-	-	-
	Other Short Term Finance	0	-	-	-	-	-	-	-	-
	Miscellaneous Current Liabilities	0	-	-	-	-	-	-	-	-
	Total Current Liabilities	£192,053	-	-	-	-	-	-	-	-
	Bank Loans & Overdrafts and LTL	0	-	-	-	-	-	-	-	-
	Other Long Term Finance	0	-	-	-	-	-	-	-	-
	Total Long Term Liabilities	0	-	-	-	-	-	-	-	-

Capital & Reserves

	Date Of Accounts	30/09/16	(%)	-	(%)	-	(%)	-	(%)	-
	Called Up Share Capital	£100	-	-	-	-	-	-	-	-
	P & L Account Reserve	£6,346	-	-	-	-	-	-	-	-
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£6,446	-	-	-	-	-	-	-	-

Other Financial Items

	Date Of Accounts	30/09/16	(%)	-	(%)	-	(%)	-	(%)	-
	Net Worth	£6,446	-	-	-	-	-	-	-	-
	Working Capital	£6,446	-	-	-	-	-	-	-	-
	Total Assets	£198,499	-	-	-	-	-	-	-	-
	Total Liabilities	£192,053	-	-	-	-	-	-	-	-
	Net Assets	£6,446	-	-	-	-	-	-	-	-

Cash Flow

	Date Of Accounts	30/09/16	(%)	-	(%)	-	(%)	-	(%)	-
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/09/16	(%)	-	(%)	-	(%)	-	(%)	-
	Contingent Liability	NO	-	-	-	-	-	-	-	-
	Capital Employed	£6,446	-	-	-	-	-	-	-	-
	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	CHAPMANS
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/09/16	-	-	-	-
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.03	-	-	-	-
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	-	-	-	-
	Equity in %	3.20	-	-	-	-
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.38	-	-	-	-
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	29.79	-	-	-	-
	Total Debt Ratio	29.79	-	-	-	-
	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
04/01/2018	New Board Member Mr D.R. Shah appointed
29/09/2017	Confirmation Statement
09/06/2017	New Accounts Filed
24/09/2016	Annual Returns
09/09/2015	New Board Member Mrs D.D. Shah 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 StructureFull

No Group Structure

Previous Director/Company Secretaries

No Previous Director Details
Total Persons With Significant Control	1	Total Statements	0
Active	1	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mrs Dhrupa Dharmesh Shah	Kind	Individual Person With Significant Control
Address	24a Uxbridge Road, Stanmore	Country Of Residence	England
Post Code	HA7 3LG	Nationality	British
Date of Birth	04/1981	Notified On	06/09/2016
Nature Of Control	Ownership of shares - above 75%

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 66.36
UK Pound	1	INR 92.50
Euro	1	INR 81.05
GBP	1	INR 93.22

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	TPT

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.