3decades

MIRA INFORM REPORT

Report No. :	498381
Report Date :	16.03.2018

IDENTIFICATION DETAILS

Name :	SETHI SILK STORES LIMITED

Registered Office :	Unit D Bridge Road Industrial Estate Bridge Road, Southall UB2 4AB

Country :	United Kingdom

Financials (as on) :	31.07.2016

Date of Incorporation :	06.10.1986

Com. Reg. No.:	02061787

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesale of textiles.

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
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

(30.06.2017)

Current Rating

(30.09.2017)

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

Company Name and address

SETHI SILK STORES LIMITED

UNIT D BRIDGE ROAD INDUSTRIAL ESTATE BRIDGE ROAD, SOUTHALL UB2 4AB

Company No

02061787

Company Status

Active - Accounts Filed

Company Summary

Registered Address UNIT D
BRIDGE ROAD INDUSTRIAL ESTATE
BRIDGE ROAD, SOUTHALL
UB2 4AB

Trading Address Unit D
Bridge Road Industrial Estate
Bridge Road
Southall, Middlesex
UB2 4AB

Website Address http://www.dupionsilk.com

Telephone Number 02085719445

Fax Number

TPS No

FPS Yes

Incorporation Date 06/10/1986

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 21/04/2017

Currency GBP

Share Capital £2

SIC07 46410

Charity Number -

SIC07 Description WHOLESALE OF TEXTILES

Principal Activity Wholesale of textiles.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant BRADLEY SONI & CO

Mortgages 5

Trade Debtors -

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

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

31/07/2016 - - £950,617 -

31/07/2015 - - £1,243,882 -

31/07/2014 - - £1,153,150 -

Mortgage Summary

Total Mortgage 5

Outstanding 5

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 2

Total Value of Documented Trade £54,762

Commentary

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.

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

Current Directors

Title	Mr	Function	Director
Name	Ramesh Kumar Sethi	Nationality	British
Date of Birth	06/1953	Present Appointments	3
Latest Address	140 Springwell Road, Hounslow, Middlesex	Appointment Date	17/10/1991
Post Code	TW5 9BP
Title	Mr	Function	Director
Name	Sanjeev Ratanchand Sethi	Nationality	British
Date of Birth	10/1962	Present Appointments	3
Latest Address	64 Bulstrode Avenue, Hounslow, Middlesex	Appointment Date	17/10/1991
Post Code	TW3 3AD

Current Company Secretary

Title	Mrs	Function	Company Secretary
Name	Suman Sethi	Nationality	British
Date of Birth	-	Present Appointments	2
Latest Address	140 Springwell Road, Hounslow, Middlesex	Appointment Date	17/10/1991
Post Code	TW5 9BP

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
MR RAMESH KUMAR SETHI	GBP	1	ORDINARY	1	50
MR SANJEEV RATANCHAND SETHI	GBP	1	ORDINARY	1	50

Profit & Loss

	Date Of Accounts	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13	(%)	31/07/12
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Depreciation	£8,103	-21.8%	£10,356	162.6%	£3,944	-16.8%	£4,741	-15.2%	£5,593
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13	(%)	31/07/12
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Tangible Assets	£596,453	-1.3%	£604,556	3%	£586,897	-0.7%	£591,144	-0.8%	£595,885
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Total Fixed Assets	£596,453	-1.3%	£604,556	3%	£586,897	-0.7%	£591,144	-0.8%	£595,885
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Stock	£291,417	-34.4%	£444,027	-11.1%	£499,294	-6.3%	£532,872	-24.6%	£706,876
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Trade Debtors	£615,440	1.3%	£607,285	-5.3%	£641,176	6.2%	£603,478	-15.5%	£714,229
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Cash	£344,771	149.9%	£137,973	999.9%	£3,189	-97.5%	£125,723	182.8%	£44,450
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Total Current Assets	£1,251,628	5.2%	£1,189,285	4%	£1,143,659	-9.4%	£1,262,073	-13.9%	£1,465,555
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Trade Creditors	£549,548	37.4%	£399,959	-6.4%	£427,406	-32.9%	£637,270	-28%	£884,518
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Total Current Liabilities	£549,548	37.4%	£399,959	-6.4%	£427,406	-32.9%	£637,270	-28%	£884,518
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£347,916	131.9%	£150,000	-	£150,000	-	£150,000	8.4%	£138,383
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Other Long Term Finance	£197,916	-	0	-	0	-	0	-	0
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Total Long Term Liabilities	£347,916	131.9%	£150,000	-	£150,000	-	£150,000	8.4%	£138,383

Capital & Reserves

	Date Of Accounts	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13	(%)	31/07/12
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Called Up Share Capital	£2	-33.3%	£3	-	£3	-	£3	-	£3
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	P & L Account Reserve	£950,614	-23.6%	£1,243,879	7.9%	£1,153,147	8.2%	£1,065,944	2.6%	£1,038,536
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Sundry Reserves	£1	-	-	-	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Shareholder Funds	£950,617	-23.6%	£1,243,882	7.9%	£1,153,150	8.2%	£1,065,947	2.6%	£1,038,539

Other Financial Items

	Date Of Accounts	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13	(%)	31/07/12
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Net Worth	£950,617	-23.6%	£1,243,882	7.9%	£1,153,150	8.2%	£1,065,947	2.6%	£1,038,539
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Working Capital	£702,080	-11.1%	£789,326	10.2%	£716,253	14.6%	£624,803	7.5%	£581,037
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Total Assets	£1,848,081	3%	£1,793,841	3.7%	£1,730,556	-6.6%	£1,853,217	-10.1%	£2,061,440
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Total Liabilities	£897,464	63.2%	£549,959	-4.8%	£577,406	-26.7%	£787,270	-23%	£1,022,901
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Net Assets	£950,617	-23.6%	£1,243,882	7.9%	£1,153,150	8.2%	£1,065,947	2.6%	£1,038,539

Miscellaneous

	Date Of Accounts	31/07/16	(%)	31/07/15	(%)	31/07/14	(%)	31/07/13	(%)	31/07/12
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Capital Employed	£1,298,533	-6.8%	£1,393,882	7%	£1,303,150	7.2%	£1,215,947	3.3%	£1,176,922
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	BRADLEY SONI & CO
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	BARCLAYS BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/07/16	31/07/15	31/07/14	31/07/13	31/07/12
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Current ratio	2.28	2.97	2.68	1.98	1.66
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Gearing %	36.60	12.10	13	14.10	13.30
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Equity in %	51.40	69.30	66.60	57.50	50.40
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Liquidity/Acid Test	1.74	1.86	1.50	1.14	0.85
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Current Debt Ratio	0.57	0.32	0.37	0.59	0.85
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Total Debt Ratio	0.94	0.44	0.50	0.73	0.98
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\Vivek-pc\123 Foreign Report Raw\New folder\SETHI SILK STORES LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
18/10/2017	Confirmation Statement
24/04/2017	New Accounts Filed
24/04/2017	New Accounts Filed
22/10/2016	Annual Returns
04/05/2016	New Accounts Filed
10/02/2016	Payment Data Update Received
26/10/2015	Annual Returns
05/05/2015	New Accounts Filed
17/11/2014	Annual Returns
03/05/2014	New Accounts Filed
19/10/2013	Annual Returns
18/05/2013	New Accounts Filed
22/10/2012	Annual Returns
03/05/2012	New Accounts Filed
03/05/2012	New Accounts Filed

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:	LEGAL CHARGE
Date Charge Created:	28/05/99
Date Charge Registered:	17/06/99
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE PROPERTY K/A UNIT D, BRIDGE ROAD INDUSTRIAL ESTATE, SOUTHALL, LONDON BOROUGH OF EALING. T/NO AGL44534.
Mortgage Type:	DEBENTURE
Date Charge Created:	14/06/89
Date Charge Registered:	26/06/89
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES- INCLUDING TRADE FIXTURES FIXED PLANT AND MACHINERY.

Mortgage Type:	MORTGAGE
Date Charge Created:	17/02/89
Date Charge Registered:	23/02/89
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	EAGLE STAR INSURANCE COMPANY LIMITED
Amount Secured:	£150,000 AND ALL OTHER MONIES DUE ORTO BECOME DUE FROM THE COMPANY TO THE CHARGEE. UNDER THE TERMS OF THE MORTGAGE
Details:	UNIT 14 BARRATT INDUTRIAL PARK, PARK AVENUE, SOUTHALL
Mortgage Type:	LEGAL CHARGE
Date Charge Created:	12/11/87
Date Charge Registered:	23/11/87
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	UNIT 1, INDUSTRIAL PARK, PARK AVENUE SOUTHALL, LONDON BOROUGH OF EALING

Mortgage Type:	LEGAL CHARGE
Date Charge Created:	04/08/87
Date Charge Registered:	14/08/87
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR RATAN CHAND SETHI AND/OR PUSHPA WATI SETHI
Details:	UNIT 1, BARRAT INDUSTRIAL PARK, PARK AVENUE, SOUTHALL, LONDON BOROUGH OF EALING

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	2	£54,762
Company Name	Amount	Statement Date
Jaan @ Punjab Textiles (Leicester) Limited	£51,048	26/02/2013
New UK Fashions Ltd	£3,714	28/05/2014

Previous Director/Company Secretaries

Name	Current Active Appointments		Previous Appointments	Dissolved Companies
Naresh Kumar Sethi	0		1	1
Total Persons With Significant Control		2	Total Statements		0
Active		2	Active		0
Ceased		0	Ceased		0

Active Persons With Significant Control

Name	Mr Ramesh Kumar Sethi F C A	Kind	Individual Person With Significant Control
Address	Unit D, Bridge Road Industrial Estate, Bridge Road, Southall, Middlesex	Country Of Residence	England
Post Code	UB2 4AB	Nationality	British
Date of Birth	06/1953	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 25% and 50%
Name	Mr Sanjeev Ratanchand Sethi	Kind	Individual Person With Significant Control
Address	Unit D, Bridge Road Industrial Estate, Bridge Road, Southall, Middlesex	Country Of Residence	England
Post Code	UB2 4AB	Nationality	British
Date of Birth	10/1962	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 25% and 50%

Ceased Persons With Significant Control

No Ceased Persons With Significant Control To Display

Active Statements

No Active Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.94
UK Pound	1	INR 90.72
Euro	1	INR 80.32
GBP	1	INR 90.65

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

INFORMATION DETAILS

Analysis Done by :	DIV

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.