MIRA INFORM REPORT

Report No. :	507094
Report Date :	05.05.2018

IDENTIFICATION DETAILS

Name :	H.GAVENTA,LIMITED
Registered Office :	16 Great Queen Street Covent Garden London WC2B 5DG
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	11.07.1924
Com. Reg. No.:	00199223
Legal Form :	Private limited with Share Capital
Line of Business :	· Non-Specialised Wholesale Trade · Jewellery distribution.
No. of Employees :	18 (2017)

RATING & COMMENTS

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

MIRA’s Rating :

B

Credit Rating	Explanation	Rating Comments
B	Medium Risk	Business dealings permissible on a regular monitoring basis

Status :	Moderate
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 (30.09.2017)	Current Rating (31.12.2017)
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

H.GAVENTA,LIMITED

16 GREAT QUEEN STREET COVENT GARDEN LONDON WC2B 5DG

Company No.

00199223

Company Status

Active - Accounts Filed

Company Summary

Registered Address 16 GREAT QUEEN STREET
COVENT GARDEN
LONDON
WC2B 5DG

Trading Address 16 Great Queen Street
Covent Garden
London
WC2B 5DG

12-20 Baron Street

London N1 9LL

Website Address -

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 11/07/1924

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 19/12/2017

Currency GBP

Share Capital £12,550

SIC07 46900

Charity Number -

SIC07 Description NON-SPECIALISED WHOLESALE TRADE

Principal Activity Jewellery distribution.

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant BLICK ROTHENBERG LIMITED

Mortgages 3

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 - - £327,806 18

31/03/2016 - - £367,637 19

31/03/2015 - - £233,330 -

Mortgage Summary

Total Mortgage 3

Outstanding 2

Satisfied 1

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.

There has been a reduction 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	2

Current Directors

Title	Mr	Function	Director
Name	David Gaventa	Nationality	British
Date of Birth	12/1954	Present Appointments	4
Latest Address	16 Great Queen Street, Covent Garden, London	Appointment Date	09/04/1992
Post Code	WC2B 5AH

Current Company Secretary

Title	Ms	Function	Company Secretary
Name	Elaine Gaventa	Nationality	British
Date of Birth	-	Present Appointments	4
Latest Address	16 Great Queen Street, Covent Garden, London	Appointment Date	09/04/1992
Post Code	WC2B 5DG

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
EXECUTORS OF NORMAN GAVENTA	GBP	10,350	ORDINARY	1	82.47
MRS ZENA GERSTLER	GBP	2,000	ORDINARY	1	15.94
DR DAVID STUART GAVENTA	GBP	200	ORDINARY	1	1.59

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	(%)	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	£7,165	-15.8%	£8,509	-17.2%	£10,281	-0.7%	£10,349	-13.1%	£11,912
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Tangible Assets	£39,702	-13.9%	£46,092	-13.2%	£53,125	-2.4%	£54,455	-14.5%	£63,687
	Intangible Assets	0	-	0	-	0	-	0	-	0
	Total Fixed Assets	£39,702	-13.9%	£46,092	-13.2%	£53,125	-2.4%	£54,455	-14.5%	£63,687
	Stock	£2,197,255	-7.1%	£2,364,943	-5.7%	£2,507,354	-3.9%	£2,609,478	39.7%	£1,867,584
	Trade Debtors	£354,047	63.4%	£216,632	-66.9%	£655,429	-38.7%	£1,069,598	-34.5%	£1,631,766
	Cash	£124,514	-61.9%	£326,813	-30.5%	£470,263	35.2%	£347,797	-19.2%	£430,314
	Other Debtors	£578,621	70.6%	£339,176	-	0	-	0	-	0
	Miscellaneous Current Assets	£18,825	-	£18,825	-	£18,825	-	£18,825	-	£18,825
	Total Current Assets	£3,273,262	0.2%	£3,266,389	-10.6%	£3,651,871	-9.7%	£4,045,698	2.5%	£3,948,489
	Trade Creditors	£977,557	37.8%	£709,584	-76.6%	£3,032,693	-2.8%	£3,120,138	11%	£2,810,821
	Bank Loans & Overdrafts	0	-	0	-	0	-	0	-100%	£143,987
	Other Short Term Finance	£312,639	-	0	-100%	£430,000	-	£430,000	-	£430,000
	Miscellaneous Current Liabilities	£1,689,157	-24.2%	£2,228,183	-	0	-	0	-	0
	Total Current Liabilities	£2,979,353	1.4%	£2,937,767	-15.2%	£3,462,693	-2.5%	£3,550,138	4.9%	£3,384,808
	Bank Loans & Overdrafts and LTL	£5,805	-18%	£7,077	-21.1%	£8,973	1.1%	£8,876	-94.2%	£154,267
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£5,805	-18%	£7,077	-21.1%	£8,973	1.1%	£8,876	-13.7%	£10,280

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Called Up Share Capital	£12,550	-	£12,550	-	£12,550	-	£12,550	-	£12,550
	P & L Account Reserve	£304,906	-11.6%	£344,737	63.8%	£210,430	-59.4%	£518,239	-12.8%	£594,188
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	£10,350	-	£10,350	-	£10,350	-	£10,350	-	£10,350
	Shareholder Funds	£327,806	-10.8%	£367,637	57.6%	£233,330	-56.9%	£541,139	-12.3%	£617,088

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	31/03/15	(%)	31/03/14	(%)	31/03/13
	Net Worth	£327,806	-10.8%	£367,637	57.6%	£233,330	-56.9%	£541,139	-12.3%	£617,088
	Working Capital	£293,909	-10.6%	£328,622	73.7%	£189,178	-61.8%	£495,560	-12.1%	£563,681
	Total Assets	£3,312,964	0%	£3,312,481	-10.6%	£3,704,996	-9.6%	£4,100,153	2.2%	£4,012,176
	Total Liabilities	£2,985,158	1.4%	£2,944,844	-15.2%	£3,471,666	-2.5%	£3,559,014	4.8%	£3,395,088
	Net Assets	£327,806	-10.8%	£367,637	57.6%	£233,330	-56.9%	£541,139	-12.3%	£617,088

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
	Capital Employed	£333,611	-11%	£374,714	54.6%	£242,303	-55.9%	£550,015	-12.3%	£627,368
	Number of Employees	18	-5.3%	19	-	-	-	-	-	-
	Accountants	BLICK ROTHENBERG LIMITED
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	31/03/15	31/03/14	31/03/13
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.10	1.11	1.05	1.14	1.17
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	1.80	1.90	3.80	1.60	25
	Equity in %	9.90	11.10	6.30	13.20	15.40
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.36	0.30	0.33	0.40	0.61
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	9.08	7.99	14.84	6.56	5.48
	Total Debt Ratio	9.10	8.01	14.87	6.57	5.50
	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
19/04/2018	Confirmation Statement
30/12/2017	New Accounts Filed
30/12/2017	New Accounts Filed
26/06/2017	Confirmation Statement
10/01/2017	New Accounts Filed
10/05/2016	Annual Returns
06/01/2016	New Accounts Filed
29/04/2015	Annual Returns
14/01/2015	New Accounts Filed
22/04/2014	Annual Returns
08/01/2014	New Accounts Filed
23/04/2013	Annual Returns
09/01/2013	New Accounts Filed
20/11/2012	Change in Reg.Office
20/11/2012	Change of Company Postcode

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:
Date Charge Created:	06/12/16
Date Charge Registered:	08/12/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	IGF INVOICE FINANCE LIMITED;
Amount Secured:
Details:	1. ALL FREEHOLD AND LEASEHOLD PROPERTIES AND OTHER REAL PROPERTY BOTH PRESENT AND FUTURE, INCLUDING ALL BUILDINGS AND OTHER STRUCTURES FROM TIME TO TIME ERECTED THEREON AND ALL FIXTURES (TRADE OR OTHERWISE) FROM TIME TO TIME THEREON OR THEREIN.2. ALL PATENTS (INCLUDING APPLICATIONS FOR AND RIGHTS TO APPLY FOR PATENTS), TRADE MARKS AND SERVICE MARKS (WHETHER REGISTERED OR NOT) AND APPLICATIONS FOR THE SAME, TRADE NAMES, REGISTERED DESIGNS, DESIGN RIGHTS, SEMI-CONDUCTOR TOPOGRAPHY RIGHTS, DATABASE RIGHTS, COPYRIGHTS, COMPUTER PROGRAMS, KNOW-HOW AND TRADE SECRETS AND ALL OTHER INTELLECTUAL OR INTANGIBLE PROPERTY OR RIGHTS AND ALL LICENCES, AGREEMENTS AND ANCILLARY AND CONNECTED RIGHTS RELATING TO INTELLECTUAL AND INTANGIBLE PROPERTY INCLUDING ANY RENEWALS, REVIVALS OR EXTENSIONS THEREOF AND WHEREVER IN THE WORLD SUBSISTINGCONTAINS FIXED CHARGE.CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTYOR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.
Mortgage Type:	DEBENTURE
Date Charge Created:	19/09/12
Date Charge Registered:	20/09/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC 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 CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	13/11/85
Date Charge Registered:	21/11/85
Date Charge Satisfied:	18/10/12
Status:	SATISFIED
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:
Details:	A SPECIFIC EQUITABLE CHARGE ARE ALL F/HOLD & L/HOLD PROPERTIES & FOR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWIL BOOKDEBTS OF THE BENEFITS OF ANY LICENCES

Previous Director/Company Secretaries

No Previous Director Details

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

Active Persons With Significant Control

Name	David Stuart Gaventa	Kind	Individual Person With Significant Control
Address	16 Great Queen Street, Covent Garden, London	Country Of Residence	England
Post Code	WC2B 5AH	Nationality	British
Date of Birth	12/1954	Notified On	06/04/2016
Nature Of Control	Ownership Of Shares 75 To 100 Percent,Voting Rights 75 To 100 Percent,Right To Appoint And Remove Directors
Name	Rica Gertrude Afek	Kind	Individual Person With Significant Control
Address	Flat 23 7 Rehov Diskin Street, Jerusalem	Country Of Residence	Israel
Post Code	96440	Nationality	Israeli
Date of Birth	12/1933	Notified On	06/04/2016
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 66.77
UK Pound	1	INR 90.58
Euro	1	INR 79.97
GBP	1	INR 90.44

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

INFORMATION DETAILS

Analysis Done by :	PRI
Report Prepared by :	TRU

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.