3decades

MIRA INFORM REPORT

Report No. :	509876
Report Date :	21.05.2018

IDENTIFICATION DETAILS

Name :	LAB CHEMICALS INTERNATIONAL LTD

Registered Office :	Second Floor, Berkeley Square House Mayfair, London W1J 6BD

Country :	United Kingdom

Date of Incorporation :	20.06.2017

Com. Reg. No.:	10826968

Legal Form :	Private Limited with Share Capital

Line of Business :	Wholesale of Chemical Products

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 summary

Company Number	10826968
Company Name	LAB CHEMICALS INTERNATIONAL LTD
Registered Address	Second Floor Berkeley Square House Mayfair, London W1J 6BD
Eircode	-
VAT Number	-
Website Address	-
Telephone Number	-		TPS	-
Incorporation Date	20/06/2017
SIC07	46750
SIC07 Description	Wholesale of Chemical Products
Principal Activity
Type		Private Limited with Share Capital
FTSE Index		-
Share Capital		£100
Currency		GBP
Filing Date of Accounts		-
Accounts Due Date		30/03/2019

Charity Number	-
Trading Address	Second Floor Berkeley Square House LONDON W1J 6BD
Fax Number		FPS	Yes
FPS	Yes
Currency	GBP
Share Capital	£100

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.

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

Current Directors

Title	Mr	Function	Director
Name	Santosh Kumar Rout	Nationality	British
Date of Birth	05/1982	Present Appointments	1
Latest Address	Second Floor Berkeley Square House, Berkeley Square, Mayfair, London	Appointment Date	20/06/2017
Post Code	W1J 6BD

Current Company Secretary

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SANTOSH ROUT	GBP	100	ORDINARY	1	100

Profit & Loss

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

Balance Sheet

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Tangible Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Intangible Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Total Fixed Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Stock	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Trade Debtors	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Cash	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Other Debtors	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Miscellaneous Current Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Total Current Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Trade Creditors	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Bank Loans & Overdrafts	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Other Short Term Finance	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Miscellaneous Current Liabilities	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Total Current Liabilities	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Other Long Term Finance	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Total Long Term Liabilities	-	-	-	-	-	-	-	-	-

Capital & Reserves

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Called Up Share Capital	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	P & L Account Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Sundry Reserves	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Shareholder Funds	-	-	-	-	-	-	-	-	-

Other Financial Items

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Net Worth	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Working Capital	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Total Assets	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Total Liabilities	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Net Assets	-	-	-	-	-	-	-	-	-

Cash Flow

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	-	(%)	-	(%)	-	(%)	-	(%)	-
	Contingent Liability	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Capital Employed	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Number of Employees	-	-	-	-	-	-	-	-	-
	Accountants	-
	Auditors	-
	Auditor Comments	-
	Bankers	-
	Bank Branch Code	-

Ratios

	Date Of Accounts	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Pre-tax profit margin %	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Current ratio	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Sales/Net Working Capital	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Gearing %	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Equity in %	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Creditor Days	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Debtor Days	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Liquidity/Acid Test	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Return On Capital Employed %	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Return On Total Assets Employed %	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Current Debt Ratio	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Total Debt Ratio	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Stock Turnover Ratio %	-	-	-	-	-
$Description: \\vivek-pc\E\2\LAB CHEMICALS INTERNATIONAL LTD_files\barchart-grey.png$	Return on Net Assets Employed %	-	-	-	-	-

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
16/08/2017	Change in Reg.Office
26/06/2017	Confirmation Statement
26/06/2017	Confirmation Statement
22/06/2017	New Board Member Mr S.K. Rout 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	Mr Santosh Kumar Rout	Kind	Individual Person With Significant Control
Address	Second Floor Berkeley Square House, Berkeley Square, Mayfair, London	Country Of Residence	United Kingdom
Post Code	W1J 6BD	Nationality	British
Date of Birth	05/1982	Notified On	20/06/2017
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

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 67.95
UK Pound	1	INR 91.87
Euro	1	INR 80.27
GBP	1	INR 91.49

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

INFORMATION DETAILS

Analysis Done by :	VAR

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.