MIRA INFORM REPORT

Report No. :	516475
Report Date :	22.06.2018

IDENTIFICATION DETAILS

Name :	SEPAL INTERNATIONAL LLP
Registered Office :	85, Great Portland Street, First Flo, London, W1w 7lt
Country :	United Kingdom
Financials (as on) :	30.04.2017
Date of Incorporation :	30.04.2012
Com. Reg. No.:	OC374841
Legal Form :	Limited company
Line of Business :	Not Available [We tried to confirm / obtain the detailed activity but the same is not available from any sources]
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 :	Good
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 (31.12.2017)	Current Rating (01.04.2018)
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

Company Name: SEPAL INTERNATIONAL LLP

Company No: OC374841

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: 85GREAT PORTLAND STREET, FIRST FLOLONDONW1W 7LT

Company Name

SEPAL INTERNATIONAL LLP

Company Number

OC374841

Company Summary

Registered Address 85
GREAT PORTLAND STREET, FIRST FLO
LONDON
W1W 7LT

Trading Address 85 Great Portland Street
LONDON
W1W 7LT

Website Address -

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 30/04/2012

Previous Name

Type Limited company

FTSE Index -

Date of Change -

Filing Date of Accounts 03/11/2017

Currency

Share Capital -

SIC07

Charity Number -

SIC07 Description

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant -

Mortgages 0

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

30/04/2017 - - £1,519,470 -

30/04/2016 - - £291,409 -

30/04/2015 - - £455,999 -

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

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.

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 -	-

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

Current Directors

Title		Function	LLP Designated Member
Name	MONTER IMPEX LTD.	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	8 Global Gateway, Rue De La Perle, Providence, Mahe	Appointment Date	09/11/2016
Post Code
Title		Function	LLP Designated Member
Name	SOLTER MANAGEMENT LTD	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	8 Global Gateway, Rue De La Perle, Providence, Mahe	Appointment Date	09/11/2016
Post Code

Current Company Secretary

Top Shareholders

No shareholders to display

Financials

Profit & Loss

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	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	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Tangible Assets	0	-	0	-	0	-	0	-	0
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	0	-	0	-	0	-	0	-	0
	Stock	0	-	0	-	0	-	0	-	0
	Trade Debtors	0	-	0	-	0	-	0	-	0
	Cash	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390
	Other Debtors	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390
	Trade Creditors	0	-	0	-	0	-	0	-	0
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
	Total Current Liabilities	0	-	0	-	0	-	0	-	0
	Bank Loans & Overdrafts and LTL	0	-	0	-	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	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Called Up Share Capital	-	-	-	-	-	-	-	-	-
	P & L Account Reserve	-	-	-	-	-	-	-	-	-
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390
	Shareholder Funds	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390

Other Financial Items

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Net Worth	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390
	Working Capital	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390
	Total Assets	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390
	Total Liabilities	-	-	-	-	-	-	-	-	-
	Net Assets	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390

Cash Flow

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	30/04/17	(%)	30/04/16	(%)	30/04/15	(%)	30/04/14	(%)	30/04/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,519,470	421.4%	£291,409	-36.1%	£455,999	235%	£136,112	133.1%	£58,390
	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	30/04/17	30/04/16	30/04/15	30/04/14	30/04/13
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	-	-	-	-	-
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	0	0	0	0	0
	Equity in %	100	100	100	100	100
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	-	-	-	-	-
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	-	-	-	-	-
	Total Debt Ratio	-	-	-	-	-
	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
20/01/2018	Confirmation Statement
11/01/2018	Change in Reg.Office
11/01/2018	Change of Company Postcode
13/11/2017	New Accounts Filed
10/07/2017	Confirmation Statement
10/01/2017	New Accounts Filed
14/11/2016	Change in Reg.Office
14/11/2016	Change of Company Postcode
14/11/2016	MONTROSE ASSETS LTD has left the board
14/11/2016	KENSINGTON CONSULTANTS LTD has left the board
14/11/2016	New Board Member SOLTER MANAGEMENT LTD appointed
14/11/2016	New Board Member MONTER IMPEX LTD. appointed
13/05/2016	Annual Returns
15/03/2016	New Accounts Filed
27/05/2015	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

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
KENSINGTON CONSULTANTS LTD	0	1	0
MONTROSE ASSETS LTD	0	1	0

Total Persons With Significant Control	2	Total Statements	0
Active	1	Active	0
Ceased	1	Ceased	0

Active Persons With Significant Control

Name	Ardour International Lp	Kind	Corporate Entity With Significant Control
Address	85 Great Portland Street First Floor, London	Notified On	17/01/2018
Post Code	-	Legal Form	Limited Partnership
Authority	Limited Partnerships Act 1907	Place Registered	Companies House
Country Registered	United Kingdom	Registration Number	Lp019078
Nature Of Control	Has significant influence or control

Ceased Persons With Significant Control

Name	Vijaywargi Satish Rameshchandra	Kind	Individual Person With Significant Control
Address	A/1 Sangath - 3, Nr. Motera Stadium Sabarmati, Ahmedabad	Country Of Residence	India
Post Code	-	Nationality	Indian
Date of Birth	04/1977	Notified On	06/04/2016
Nature Of Control	Has significant influence or control	Ceased On	17/01/2018

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 68.20
UK Pound	1	INR 89.58
Euro	1	INR 78.79
GBP	1	INR 89.96

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

INFORMATION DETAILS

Analysis Done by :	NIY
Report Prepared by :	SYL

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)

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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.