MIRA
INFORM REPORT
|
Report Date : |
6th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
GLOBAL METCORP LIMITED |
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Registered Office : |
20
Leigh Court, Byron Hill Road, Harrow, Middlesex, HA2 0HZ . |
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Country : |
United
Kingdom |
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Financials (as on) : |
31.08.2005 |
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Date of Incorporation : |
30.08.2001 |
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Com. Reg. No.: |
04278981 |
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Legal Form : |
Private
Limited with share capital |
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Line of Business : |
-- |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
GBP
9,300 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Identification Details
|
Subject
Reported on |
GLOBAL
METCORP LIMITED |
|
Trading
Address |
York
House, Empire Way, 8TH FLOOR, Wembley, HA9 0PA |
|
Telephone |
020
87828744 |
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Risk
Score |
50 out
of 100 |
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|
Above
Average Risk - Assurances in the form of guarantees may be necessary
especially if the Credit Limit assigned is required to be exceeded |
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Credit
Limit |
GBP
9,300 |
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Selling
to this company? The Credit Limit is the recommended maximum outstanding
debtor exposure at any one time. |
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Contract
Limit |
GBP
77,300 |
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Buying
from this company? The Contract Limit is the recommended aggregate annual
value for supply contracts. |
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Official Company Data
|
Legal
Form |
Private
Limited with share capital |
|
Registration
Number |
04278981 |
|
Date
of Incorporation |
30/08/2001 |
|
Registered
Office |
20
LEIGH COURT, BYRON HILL ROAD, HARROW, MIDDLESEX, HA2 0HZ . |
|
Date
of Last Annual Return to Registry |
30/08/2006 |
|
Activities |
-
- - |
|
Accounts |
The
last filed accounts cover the period to 31/08/2005 and were presented to
Companies House on 17/01/2006 |
Recently Filed Documents
Details
of the most recent documents
|
Date Received |
Description |
|
04/12/2002 |
Notification
Of A Change Among The Directors Of A Company |
|
31/10/2002 |
Notification
Of A Change Among The Directors Of A Company |
|
08/04/2002 |
Notification
Of A Change Among The Directors Of A Company |
|
18/09/2001 |
Notification
Of A Change Among The Directors Of A Company |
|
31/08/2001 |
Notification
Of A Change Among The Directors Of A Company |
|
It
should be noted that there is no legal requirement to file satisfaction
details of mortgages/charges at Companies House. |
Known Directors
|
|
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|
DIRECTOR
|
ADARSH SHRIKANT |
|
Occupation |
DIRECTOR |
|
Address |
26,
ADELAIDE CLOSE , STANMORE , MIDDX , HA7 3EN |
|
Country
of Origin |
BRITISH |
|
Date
of Birth |
29/07/1941 |
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Appointment
Date |
30/08/2001 |
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|
|
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DIRECTOR
|
ASHISH CHAUDHARI |
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Occupation |
METAL
TRADER |
|
Address |
20,
LEIGH COURT BYRON HILL ROAD , HARROW , MIDDX , HA2 0HZ |
|
Country
of Origin |
INDIAN |
|
Date
of Birth |
08/01/1979 |
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Appointment
Date |
27/08/2002 |
|
Other
Appointments |
ARDOUR
WORLD LIMITED, EURO METALS LIMITED |
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|
|
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SECRETARY
|
ADARSH SHRIKANT |
|
Address |
26
, ADELAIDE CLOSE , STANMORE , MIDDX , HA7 3EN |
|
Country
of Origin |
BRITISH |
|
Date
of Birth |
29/07/1941 |
|
Appointment
Date |
30/08/2001 |
Recently Resigned Directors (last
3)
|
DIRECTOR
|
MR SANDIP AHLUWALIA |
|
Address |
31
, KINGSWAY , WEMBLEY , MIDDX , - - |
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Date
of Birth |
29/06/1973 |
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Resignation
Date |
28/08/2002 |
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DIRECTOR
|
MR NITESH CHAUDHARI |
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Occupation |
METAL
TRADER |
|
Address |
1
, PHILIPS STREET , TAMIL NAOUDU , INDIA , - - |
|
Country
of Origin |
INDIAN |
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Date
of Birth |
03/12/1976 |
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Resignation
Date |
28/08/2002 |
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|
|
|
DIRECTOR
|
BRIGHTON DIRECTOR LTD - |
|
Address |
381
, KINGSWAY , HOVE , EAST SUSSEX , - - |
|
Resignation
Date |
31/08/2001 |
Share Summary
|
Share
Currency: |
GBP |
||||||||
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Issued
at date of report: |
600 ORD |
Shares
of 100 pence each |
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Prinicipal
Shareholders: |
Type
Of Share |
No.
of Shares |
Value |
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|
MR
ASHISH CHAUDHARI |
ORD |
300
|
300.00 |
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MR
NITESH CHAUDHARI |
ORD |
294
|
294.00 |
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ADARSH
SHRIKANT |
ORD |
6
|
6.00 |
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Mortgages and Charges
|
Total
Registered |
3 |
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Total
Outstanding |
3 |
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Total
Satisfied |
0 |
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Most
Recent Mortgage |
18/04/2005 |
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Date
Registered |
05/05/2005 |
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Type |
395 |
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Date
Created |
18/04/2005 |
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Lender |
CHESTERFIELD
INVESTMENTS (NO.5) LIMITED |
|
Secured
On |
2,030
DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
|
Details |
INTEREST
IN THE SECURITY FOR THE PAYMENT OF THE RENTS RESERVED BY THE LEASE SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
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Date
Registered |
26/03/2004 |
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Type |
395 |
|
Date
Created |
15/03/2004 |
|
Lender |
TIGERCLOCK
LIMITED |
|
Secured
On |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS
OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Details |
THE
SUM OF 750.00 |
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Satisfied? |
No |
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|
|
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Date
Registered |
23/09/2003 |
|
Type |
395 |
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Date
Created |
16/09/2003 |
|
Lender |
BARCLAYS
BANK PLC |
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Secured
On |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Details |
FIXED
AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES
FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
|
Satisfied? |
No |
Public Record Information
Summary
of CCJ's/Scottish Decrees
There are no unsatisfied CCJs against the
company.
Operations
|
Activities |
-
- - |
|
Sic
Code |
Description |
|
7487 |
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Auditors |
KING
AND KING |
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Auditors
Notes |
No
Qualification. The Auditors have expressed a clean opinion (i.e. unqualified
with no referrals) on the accounts for the period ended 31/08/2005. |
|
Bankers |
- |
Financial Data
Profit and Loss
The following figures are shown in units of
GBP '000
|
Number
of Weeks |
52 |
52 |
52 |
|
Accounts
Date |
31/08/2005 |
31/08/2004 |
31/08/2003 |
|
Currency |
GBP '000
|
GBP '000
|
GBP '000
|
|
Consolidated? |
No |
No |
No |
Balance Sheet
The following figures are shown in units of
GBP '000
|
Number
of Weeks |
52 |
52 |
52 |
|
Accounts
Date |
31/08/2005 |
31/08/2004 |
31/08/2003 |
|
Currency |
GBP '000
|
GBP '000
|
GBP '000
|
|
Consolidated? |
No |
No |
No |
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TOTAL
FIXED ASSETS |
293 |
2 |
2 |
|
Tangible
Assets |
293 |
2 |
2 |
|
Fixed
Assets |
293 |
2 |
2 |
|
TOTAL
CURRENT ASSETS |
2,419 |
1,285 |
950 |
|
Total
Debtors |
1,789 |
1,268 |
718 |
|
Stocks/WIP |
626 |
0 |
0 |
|
Cash |
4 |
17 |
232 |
|
TOTAL
ASSETS |
2,712 |
1,288 |
951 |
|
TOTAL
CURRENT LIABILITIES |
2,280 |
1,128 |
868 |
|
Bank
Overdraft |
175 |
- |
- |
|
Other
Current Liabilities |
2,105 |
1,128 |
868 |
|
WORKING
CAPITAL |
139 |
157 |
81 |
|
TOTAL
LONG TERM LIABS |
200 |
0 |
0 |
|
Other
Liabilities |
200 |
0 |
0 |
|
NET
ASSETS/(LIABILITIES) |
232 |
159 |
83 |
|
SHARE
CAPITAL + RESERVES |
232 |
159 |
83 |
|
Issued
Share Capital |
1 |
1 |
0 |
|
Profit
and Loss account |
231 |
159 |
83 |
|
SHAREHOLDERS
FUNDS |
232 |
159 |
83 |
|
CAPITAL
EMPLOYED |
432 |
159 |
83 |
Key Credit Ratios
|
Accounts
Date |
31/08/2005 |
31/08/2004 |
31/08/2003 |
|
Current
Ratio |
1.06 |
1.14 |
1.09 |
|
Long
Term Debt/T.N.W (%) |
86.36 |
0.00 |
0.00 |
|
Quick
Ratio |
0.79 |
1.14 |
1.09 |
|
T.N.W/Total
Assets |
8.55 |
12.37 |
8.73 |
|
Borrowing
Ratio |
75.49 |
- |
- |
|
Equity
Gearing |
8.55 |
12.37 |
8.73 |
Financial Comparison
The following figures are shown in units of
GBP '000
|
Number
of Weeks |
52 |
52 |
52 |
|
Accounts
Date |
31/08/2005 |
31/08/2004 |
31/08/2003 |
|
Currency |
GBP '000 |
GBP '000 |
GBP '000 |
|
Other
Deferred Liabs |
200 |
0 |
0 |
|
Tangible
Net Worth(T.N.W) |
232 |
159 |
83 |
|
Equity |
232 |
159 |
83 |
Key Industry Sector Trends
|
|
Company |
Industry Averages |
||
|
|
31/08/2005 |
Lower |
Median |
Upper |
|
Current
Ratio |
1.06 |
0.8 |
1 |
1.8 |
|
Borrowing
Ratio |
75.49 |
0 |
0 |
0 |
This comparison is based on the results of
0344917 companies in the same industrial sector: business services nes
Financial Summary
|
Working
Capital |
The
company's working capital decreased in the period by 11% |
|
Tangible
Net Worth |
Net
worth increased by 72,511 during the period and now stands at
GBP 231,821 |
|
Fixed
Assets |
The
subjects fixed assets increased during the period by GBP 290,331 to
GBP 292,673 and are now 11% of total assets compared with 0% in the
previous period |
|
Long
Term Liabilities |
Long
term liabilities are now 7% of total assets compared with 0% in the previous
period |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and principal
sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|