MIRA INFORM REPORT

Report No. :	508033
Report Date :	07.05.2018

IDENTIFICATION DETAILS

Name :	SAKTHI RETAIL LTD
Registered Office :	245-247 High Street North, Manor Park, London, E12 6sj
Country :	United Kingdom
Financials (as on) :	31.03.2017
Date of Incorporation :	17.09.2015
Com. Reg. No.:	09782511
Legal Form :	Private limited with Share Capital
Line of Business :	Retail sale in non-specialised stores with food, beverages or tobacco predominating
No. of Employees :	4

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

Company Name: SAKTHI RETAIL LTD

Company No: 09782511

Company Status: Active - Accounts Filed

Status Active

Active - Accounts Filed

Registered Address: 245-247 HIGH STREET NORTHMANOR PARKLONDONE12 6SJ

Company Name

SAKTHI RETAIL LTD

Company Number

09782511

Company Summary

Registered Address 245-247 HIGH STREET NORTH
MANOR PARK
LONDON
E12 6SJ

Trading Address 245-247 High Street North
Manor Park
London
E12 6SJ

Website Address -

Telephone Number -

Fax Number

TPS -

FPS Yes

Incorporation Date 17/09/2015

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 28/11/2017

Currency

Share Capital -

SIC07 47110

Charity Number -

SIC07 Description RETAIL SALE IN NON-SPECIALISED STORES WITH FOOD, BEVERAGES OR TOBACCO PREDOMINATING

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant ACCOUNTANCY GROUP

Mortgages 1

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 - - £28,335 4

31/03/2016 - - - -

- - - - -

Mortgage Summary

Total Mortgage 1

Outstanding 1

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 negative net working capital position.

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 -	-

Back to Top

Show More

Total Current Directors	4	Total Current Secretaries	0
Total Previous Directors / Company Secretaries	0	Total Person's With Significant Control	4

Current Directors

Title	Mr	Function	Director
Name	Sathi Kumar Poopalasingam	Nationality	French
Date of Birth	04/1955	Present Appointments	4
Latest Address	245-247 High Street North, Manor Park, London	Appointment Date	17/09/2015
Post Code	E12 6SJ
Title	Mr	Function	Director
Name	Sureshkumar Poopalasinha	Nationality	French
Date of Birth	04/1962	Present Appointments	3
Latest Address	245-247 High Street North, Manor Park, London	Appointment Date	17/09/2015
Post Code	E12 6SJ

Title	Miss	Function	Director
Name	Sapna Poopalasingam	Nationality	French
Date of Birth	04/1993	Present Appointments	2
Latest Address	245-247 High Street North, Manor Park, London	Appointment Date	17/09/2015
Post Code	E12 6SJ
Title	Mr	Function	Director
Name	Sanjay Poopalasingam	Nationality	French
Date of Birth	06/1986	Present Appointments	2
Latest Address	245-247 High Street North, Manor Park, London	Appointment Date	17/09/2015
Post Code	E12 6SJ

Current Company Secretary

Top Shareholders

No shareholders to display

Financials

Profit & Loss

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Weeks	52	(%)	52	(%)	-	(%)	-	(%)	-
	Currency	GBP	(%)	GBP	(%)	-	(%)	-	(%)	-
	Consolidated A/cs	N	(%)	N	(%)	-	(%)	-	(%)	-
	Turnover	-	-	-	-	-	-	-	-	-
	Export	-	-	-	-	-	-	-	-	-
	Cost of Sales	-	-	-	-	-	-	-	-	-
	Gross Profit	-	-	-	-	-	-	-	-	-
	Wages & Salaries	-	-	-	-	-	-	-	-	-
	Directors Emoluments	-	-	-	-	-	-	-	-	-
	Operating Profit	-	-	-	-	-	-	-	-	-
	Depreciation	£3,933	-	-	-	-	-	-	-	-
	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	(%)	-	(%)	-	(%)	-
	Tangible Assets	£15,732	-	0	-	-	-	-	-	-
	Intangible Assets	£66,500	-	0	-	-	-	-	-	-
	Total Fixed Assets	£82,232	-	0	-	-	-	-	-	-
	Stock	£129,250	-	0	-	-	-	-	-	-
	Trade Debtors	£25,920	-	0	-	-	-	-	-	-
	Cash	£14,858	-	0	-	-	-	-	-	-
	Other Debtors	£4,066	-	0	-	-	-	-	-	-
	Miscellaneous Current Assets	0	-	0	-	-	-	-	-	-
	Total Current Assets	£174,094	-	0	-	-	-	-	-	-
	Trade Creditors	£36,513	-	0	-	-	-	-	-	-
	Bank Loans & Overdrafts	£38,249	-	0	-	-	-	-	-	-
	Other Short Term Finance	0	-	0	-	-	-	-	-	-
	Miscellaneous Current Liabilities	£153,229	-	0	-	-	-	-	-	-
	Total Current Liabilities	£227,991	-	0	-	-	-	-	-	-
	Bank Loans & Overdrafts and LTL	£38,249	-	0	-	-	-	-	-	-
	Other Long Term Finance	0	-	0	-	0	-	-	-	-
	Total Long Term Liabilities	0	-	0	-	-	-	-	-	-

.

Capital & Reserves

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Called Up Share Capital	£100	-	-	-	-	-	-	-	-
	P & L Account Reserve	£28,235	-	-	-	-	-	-	-	-
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	£28,335	-	-	-	-	-	-	-	-

Other Financial Items

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Net Worth	-£38,165	-	-	-	-	-	-	-	-
	Working Capital	-£53,897	-	-	-	-	-	-	-	-
	Total Assets	£256,326	-	-	-	-	-	-	-	-
	Total Liabilities	£227,991	-	-	-	-	-	-	-	-
	Net Assets	£28,335	-	-	-	-	-	-	-	-

Cash Flow

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/03/17	(%)	31/03/16	(%)	-	(%)	-	(%)	-
	Contingent Liability	NO	-	NO	-	-	-	-	-	-
	Capital Employed	£28,335	-	-	-	-	-	-	-	-
	Number of Employees	4	-	-	-	-	-	-	-	-
	Accountants	ACCOUNTANCY GROUP
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/03/17	31/03/16	-	-	-
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	0.76	-	-	-	-
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	135	0	-	-	-
	Equity in %	14.90	-	-	-	-
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.19	-	-	-	-
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	8.04	-	-	-	-
	Total Debt Ratio	8.04	-	-	-	-
	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
02/12/2017	New Accounts Filed
25/09/2017	Confirmation Statement
18/10/2016	Annual Returns
13/09/2016	New Accounts Filed
21/09/2015	New Board Member Mr S. Poopalasingam appointed
21/09/2015	New Board Member Miss S. Poopalasingam appointed
21/09/2015	New Board Member Mr S. Poopalasinha appointed
21/09/2015	New Board Member Mr S.K. Poopalasingam 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

Mortgage Details

Mortgage Type:
Date Charge Created:	02/02/16
Date Charge Registered:	03/02/16
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC;
Amount Secured:
Details:	CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Previous Director/Company Secretaries

No Previous Director Details
Total Persons With Significant Control	4	Total Statements	0
Active	4	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Sathi Kumar Pooplasingam	Kind	Individual Person With Significant Control
Address	245-247 High Street North, Manor Park, London	Country Of Residence	United Kingdom
Post Code	E12 6SJ	Nationality	French
Date of Birth	04/1955	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 25% and 50%
Name	Miss Sapna Pooplasingam	Kind	Individual Person With Significant Control
Address	245-247 High Street North, Manor Park, London	Country Of Residence	England
Post Code	E12 6SJ	Nationality	French
Date of Birth	04/1993	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 25% and 50%

Name	Mr Sanjay Pooplasingam	Kind	Individual Person With Significant Control
Address	245-247 High Street North, Manor Park, London	Country Of Residence	England
Post Code	E12 6SJ	Nationality	French
Date of Birth	06/1986	Notified On	06/04/2016
Nature Of Control	Ownership of shares - between 25% and 50%
Name	Mr Suresh Kumar Pooplasingam	Kind	Individual Person With Significant Control
Address	245-247 High Street North, Manor Park, London	Country Of Residence	England
Post Code	E12 6SJ	Nationality	French
Date of Birth	04/1962	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

Ceased Statements

No Ceased Statements To Display

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.78
UK Pound	1	INR 90.58
Euro	1	INR 79.97
GBP	1	INR 91.14

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

INFORMATION DETAILS

Analysis Done by :	VAR
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)

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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.