3decades

MIRA INFORM REPORT

Report No. :	500364
Report Date :	30.03.2018

IDENTIFICATION DETAILS

Name :	TEL PRODUCTS LIMITED

Registered Office :	Unit A&B 23 Broughton Street, Off Derby Street, Cheetham, M8 8lz

Country :	United Kingdom

Financials (as on) :	31.03.2017

Date of Incorporation :	01.12.2010

Com. Reg. No.:	07457445

Legal Form :	Private limited with Share Capital

Line of Business :	Wholesale of household goods (other than musical instruments) n.e.c.

No. of Employees :	3

RATING & COMMENTS

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

MIRA’s Rating :

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

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: TEL PRODUCTS LIMITED

Company No: 07457445

Company Status: Active - Accounts Filed

Registered Address: UNIT A&B 23 BROUGHTON STREETOFF DERBY STREETCHEETHAMM8 8LZ

Company Name

TEL PRODUCTS LIMITED

Company Number

07457445

Company Summary

Registered Address UNIT A&B 23 BROUGHTON STREET
OFF DERBY STREET
CHEETHAM
M8 8LZ

Trading Address Unit A&B 23 Broughton Street
Off Derby Street
Cheetham
Manchester, Gt. Manchester
M8 8LZ

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

Telephone Number 01618390008

Fax Number

TPS No

FPS Yes

Incorporation Date 01/12/2010

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 16/10/2017

Currency GBP

Share Capital £100

SIC07 46499

Charity Number -

SIC07 Description WHOLESALE OF HOUSEHOLD GOODS (OTHER THAN MUSICAL INSTRUMENTS) N.E.C.

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant PATSONS ACCOUTANCY LIMITED

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

31/03/2017 - - £70,271 3

31/03/2016 - - £58,346 -

31/03/2015 - - £41,329 -

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 Balance Sheet indicates a positive net working capital position.

The latest cash balances are considered to be low in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

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

Current Directors

Title	Mr	Function	Director
Name	Ashfaq Bashir	Nationality	British
Date of Birth	07/1976	Present Appointments	3
Latest Address	19 St. Georges Road, Forest Gate, London	Appointment Date	01/12/2010
Post Code	E7 8HT

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Nadeem Ayub	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	19 St. Georges Street, London	Appointment Date	01/12/2010
Post Code	W1S 1FN

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ASHFAQ BASHIR	GBP	50	ORDINARY	1	50
NADEEM AYUB	GBP	50	ORDINARY	1	50
1

Financials

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Weeks	52	(%)	52	(%)	52	(%)	52	(%)	65
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Turnover	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Cost of Sales	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Gross Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Wages & Salaries	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Directors Emoluments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Operating Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Depreciation	£1,119	-	£1,119	-	£1,119	-	£1,119	31.6%	£850
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Audit Fees	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Interest Payments	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Pre Tax Profit	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Taxation	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Profit After Tax	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Tangible Assets	£5,869	-16%	£6,988	-13.8%	£8,107	-44.9%	£14,725	-11.5%	£16,645
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Intangible Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Total Fixed Assets	£5,869	-16%	£6,988	-13.8%	£8,107	-44.9%	£14,725	-11.5%	£16,645
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Stock	£317,076	-7.3%	£341,875	-0.9%	£345,000	35%	£255,500	58.7%	£161,000
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Trade Debtors	£268,860	117.1%	£123,852	41.9%	£87,255	5.7%	£82,587	2.7%	£80,430
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Cash	£3,059	-34.3%	£4,657	5.8%	£4,401	12%	£3,929	-30.6%	£5,659
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Other Debtors	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Total Current Assets	£588,995	25.2%	£470,384	7.7%	£436,656	27.7%	£342,016	38.4%	£247,089
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Trade Creditors	£441,921	10.1%	£401,526	4.2%	£385,466	17.2%	£328,766	34.9%	£243,669
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Bank Loans & Overdrafts	£11,629	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Other Short Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Miscellaneous Current Liabilities	£52,843	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Total Current Liabilities	£506,393	26.1%	£401,526	4.2%	£385,466	17.2%	£328,766	34.9%	£243,669
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£29,829	70.5%	£17,500	-2.6%	£17,968	372.5%	£3,803	-42.1%	£6,571
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Other Long Term Finance	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Total Long Term Liabilities	£18,200	4%	£17,500	-2.6%	£17,968	372.5%	£3,803	-42.1%	£6,571

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Called Up Share Capital	£100	-	£100	-	£100	-	£100	-	£100
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	P & L Account Reserve	£70,171	20.5%	£58,246	41.3%	£41,229	71.3%	£24,072	79.7%	£13,394
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Shareholder Funds	£70,271	20.4%	£58,346	41.2%	£41,329	71%	£24,172	79.1%	£13,494

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Net Worth	£70,271	20.4%	£58,346	41.2%	£41,329	71%	£24,172	79.1%	£13,494
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Working Capital	£82,602	20%	£68,858	34.5%	£51,190	286.3%	£13,250	287.4%	£3,420
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Total Assets	£594,864	24.6%	£477,372	7.3%	£444,763	24.7%	£356,741	35.3%	£263,734
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Total Liabilities	£524,593	25.2%	£419,026	3.9%	£403,434	21.3%	£332,569	32.9%	£250,240
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Net Assets	£70,271	20.4%	£58,346	41.2%	£41,329	71%	£24,172	79.1%	£13,494

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Capital Employed	£88,471	16.6%	£75,846	27.9%	£59,297	112%	£27,975	39.4%	£20,065
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Number of Employees	3	-	-	-	-	-	-	-	-
	Accountants	PATSONS ACCOUTANCY LIMITED
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Current ratio	1.16	1.17	1.13	1.04	1.01
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Gearing %	42.40	30	43.50	15.70	48.70
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Equity in %	11.80	12.20	9.30	6.80	5.10
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Liquidity/Acid Test	0.53	0.32	0.23	0.26	0.35
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Current Debt Ratio	7.20	6.88	9.32	13.60	18.05
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Total Debt Ratio	7.46	7.18	9.76	13.75	18.54
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\Tel Products Limited_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
15/01/2018	Confirmation Statement
18/10/2017	New Accounts Filed
03/02/2017	Annual Returns
18/12/2016	New Accounts Filed
30/01/2016	Annual Returns
13/11/2015	New Accounts Filed
15/01/2015	Annual Returns
11/12/2014	New Accounts Filed
04/01/2014	Annual Returns
21/11/2013	New Accounts Filed
21/01/2013	Annual Returns
17/10/2012	New Accounts Filed
01/03/2012	Annual Returns
13/12/2010	New Board Member Mr A. Bashir appointed
03/12/2010	New Company Secretary Mr N. Ayub 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

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 Ashfaq Bashir	Kind	Individual Person With Significant Control
Address	Unit A&B 23 Broughton Street, Off Derby Street, Cheetham, Manchester	Country Of Residence	England
Post Code	M8 8LZ	Nationality	British
Date of Birth	07/1976	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

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 65.04
UK Pound	1	INR 92.28
Euro	1	INR 80.62
GBP	1	INR 91.45

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)

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.