MIRA INFORM REPORT

Report No. :	497616
Report Date :	17.03.2018

IDENTIFICATION DETAILS

Name :	ACE METAL EXIM PRIVATE LIMITED

Registered Office :	109 Spey Road, Tilehurst Reading RG30 4JA

Country :	United Kingdom

Date of Incorporation :	28.06.2017

Com. Reg. No.:	10839855

Legal Form :	Private Limited with Share Capital

Line of Business :	Wholesale of Other Intermediate Products. (Steel Distributor – Indirect Source)

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

New Business

No recommendation can be done due to business in infancy stage

Status :	New Business

Payment Behaviour :	Unknown

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

COMPANY NAME AND ADDRESS

Company Name: ACE METAL EXIM PRIVATE LIMITED

Company No: 10839855

Company Status: Active - Newly Incorporated

Registered Address: 109 SPEY ROADTILEHURSTREADINGRG30 4JA

Company summary

Company Number	10839855
Company Name	ACE METAL EXIM PRIVATE LIMITED
Registered Address	109 SPEY ROAD, TILEHURST READING, RG30 4JA
Eircode	-
VAT Number	-
Website Address	-
Telephone Number	-	TPS	-
Incorporation Date	28/06/2017
SIC07	46760
SIC07 Description	WHOLESALE OF OTHER INTERMEDIATE PRODUCTS
Principal Activity	(Steel Distributor – Indirect Source)
Type	Private limited with Share Capital
FTSE Index	-
Share Capital	£500
Currency	GBP
Filing Date of Accounts	-
Accounts Due Date	30/03/2019
Charity Number	-
Trading Address	109 Spey Road, Tilehurst READING, RG30 4JA

Fax Number		FPS	Yes
FPS	Yes
Currency	GBP
Share Capital	£500

Additional Information

CCJ's

0 (£0)

No CCJ Information To Display

Ultimate Holding Company

Key Financials

No Key Financials Information To Display

Commentary

This company has been treated as a New company in respect of the rating/limit generated.

This company has not yet filed financial statements and is aged 12 months or less.

This company is based in a geographical area with a moderate level of corporate failures.

This company does not have any registered mortgage charges.

There have been no director resignations in the last 6 months.

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

Current Directors

Title	Mr	Function	Director
Name	Champaklal Shah	Nationality	Indian
Date of Birth	04/1965	Present Appointments	1
Latest Address	109 Spey Road, Tilehurst, Reading, Berkshire	Appointment Date	28/06/2017
Post Code	RG30 4JA

Title	Mr	Function	Director
Name	Naresh Paliwal	Nationality	Indian
Date of Birth	02/1982	Present Appointments	1
Latest Address	109 Spey Road, Tilehurst, Reading, Berkshire	Appointment Date	28/06/2017
Post Code	RG30 4JA

Title	Mr	Function	Director
Name	Parin Champaklal Shah	Nationality	Indian
Date of Birth	12/1990	Present Appointments	1
Latest Address	109 Spey Road, Tilehurst, Reading, Berkshire	Appointment Date	05/08/2017
Post Code	RG30 4JA

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
CHAMPAKLAL SHAH	GBP	250	ORDINARY	1	50
NARESH PALIWAL	GBP	125	ORDINARY	1	25
PARIN CHAMPAKLAL SHAH	GBP	125	ORDINARY	1	25

Financials

PROFIT & LOSS

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
	Weeks	-	(%)	-	(%)	-	(%)	-	(%)	-
	Currency	-	(%)	-	(%)	-	(%)	-	(%)	-
	Consolidated A/cs	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Depreciation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

BALANCE SHEET

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Tangible Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Intangible Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Total Fixed Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Stock	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Trade Debtors	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Cash	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Other Debtors	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Miscellaneous Current Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Total Current Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Trade Creditors	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Other Short Term Finance	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Total Current Liabilities	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Other Long Term Finance	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Total Long Term Liabilities	-	-	-	-	-	-	-	-	-

CAPITAL & RESERVES

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Called Up Share Capital	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	P & L Account Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Shareholder Funds	-	-	-	-	-	-	-	-	-

OTHER FINANCIAL ITEMS

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Net Worth	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Working Capital	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Total Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Total Liabilities	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Net Assets	-	-	-	-	-	-	-	-	-

CASH FLOW

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

MISCELLANEOUS

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
	Contingent Liability	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Capital Employed	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	-
	Auditors	-
	Auditor Comments	-
	Bankers	-
	Bank Branch Code	-

RATIOS

	Date Of Accounts	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Current ratio	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Gearing %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Equity in %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Liquidity/Acid Test	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Current Debt Ratio	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Total Debt Ratio	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\2\ACE METAL EXIM PVT LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
14/08/2017	Confirmation Statement
10/08/2017	New Board Member Mr P.C. Shah appointed
01/07/2017	Confirmation Statement
30/06/2017	New Board Member Mr N. Paliwal appointed
30/06/2017	New Board Member Mr C. 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 Structure Full

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

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	Mr Champaklal Shah	Kind	Individual Person With Significant Control
Address	109 Spey Road, Tilehurst, Reading, Berkshire	Country Of Residence	Republic Of India
Post Code	RG30 4JA	Nationality	Indian
Date of Birth	04/1965	Notified On	28/06/2017
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent,Right To Appoint And Remove Directors

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
Average Invoice Value	n/a
Invoices available	n/a
Paid	n/a
Outstanding	n/a

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid
Outstanding

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 64.87
UK Pound	1	INR 90.49
Euro	1	INR 79.91
GBP	1	INR 90.73

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

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	NIT

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.