MIRA
INFORM REPORT
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Report Date : |
17.09.2007 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL COMMODITIES LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
30.06.2006 |
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Date of Incorporation : |
07/06/2001 |
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Com. Reg. No.: |
04230691 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Commodities sampling for import and export |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
GLOBAL COMMODITIES LIMITED |
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Trading Address |
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Telephone |
020-8406-9876 |
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Credit Limit |
GBP 4,800 |
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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 32,900 |
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Buying from this company? The Contract Limit is the recommended
aggregate annual value for supply contracts. |
Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
04230691 |
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Date of Incorporation |
07/06/2001 |
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Registered Office |
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Date of Last Annual Return to Registry |
07/06/2007 |
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Activities |
Commodities sampling for import and export |
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Accounts |
The last filed accounts cover the period to 30/06/2006 |
Recently Filed
Documents
Details of the most recent documents
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Date
Received |
Description |
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07/06/2007 |
Annual Return |
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30/06/2006 |
Financial Statement / Set of Accounts |
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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 |
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Occupation |
MANAGER |
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Address |
28, |
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Country of Origin |
BRITISH |
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Date of Birth |
01/03/1935 |
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Appointment Date |
11/09/2001 |
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Other Appointments |
GLOBAL COMMODITIES LIMITED |
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SECRETARY |
MS SITA ASHOKA |
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Address |
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Country of Origin |
BRITISH |
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Appointment Date |
07/06/2001 |
Recently Resigned
Directors (last 3)
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DIRECTOR |
SUJATA RUPCHANDANI |
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Address |
20 , |
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Date of Birth |
12/05/1962 |
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Resignation Date |
18/06/2002 |
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DIRECTOR |
COMPANY DIRECTORS LIMITED - |
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Address |
788-7 , |
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Resignation Date |
07/06/2001 |
Share Summary
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Sita Devi Ashoka |
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50.00 |
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Sujata Rupchandani |
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50.00 |
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Mortgages and Charges
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Total Registered |
2 |
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Total Outstanding |
2 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
11/06/2004 |
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Date Registered |
12/06/2004 |
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Type |
395 |
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Date Created |
11/06/2004 |
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Lender |
HABIB BANK AG |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
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Details |
THE DEPOSIT AS SECURITY FOR THE REPAYMENT OF THE FACILITY
SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
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Satisfied? |
No |
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Date Registered |
19/03/2003 |
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Type |
395 |
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Date Created |
17/03/2003 |
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Lender |
HABIB BANK AG |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE ON ANY ACCOUNT WHATSOEVER |
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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 |
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Satisfied? |
No |
Public Record
Information
Summary of CCJ's/Scottish Decrees
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There are no unsatisfied CCJs against the company. |
Operations
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Activities |
Commodities sampling for import and export |
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Sic Code |
Description |
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7484 |
Other business activities not elsewhere classified |
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Staff Employed |
5 |
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Bankers |
Habib Bank Ag |
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Sort Codes |
609148 |
Financial Data
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The following figures are shown in units of 000 |
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Profit and Loss |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
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Balance Sheet |
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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TOTAL FIXED ASSETS |
5 |
1 |
1 |
2 |
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Plant, machinery & equipment |
5 |
- |
- |
- |
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TOTAL CURRENT ASSETS |
408 |
519 |
577 |
190 |
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Stocks |
93 |
10 |
- |
- |
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Trade Debtors |
157 |
380 |
469 |
161 |
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Cash |
158 |
130 |
108 |
29 |
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TOTAL ASSETS |
413 |
521 |
578 |
192 |
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TOTAL CURRENT LIABILITIES |
338 |
481 |
558 |
191 |
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Trade Creditors |
216 |
- |
- |
- |
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Bank Overdraft |
4 |
- |
- |
- |
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Taxes |
10 |
- |
- |
- |
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Other Current Liabilities |
107 |
481 |
558 |
191 |
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WORKING CAPITAL |
70 |
39 |
19 |
-1 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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Other Long Term Liabilities |
0 |
0 |
0 |
- |
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NET ASSETS/(LIABILITIES) |
75 |
40 |
20 |
1 |
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SHARE CAPITAL + RESERVES |
74 |
40 |
20 |
1 |
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Issued Share Capital |
0 |
0 |
0 |
0 |
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Profit and Loss account |
74 |
40 |
20 |
1 |
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SHAREHOLDERS FUNDS |
74 |
40 |
20 |
1 |
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CAPITAL EMPLOYED |
74 |
40 |
20 |
1 |
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TANGIBLE NET WORTH |
74 |
40 |
20 |
1 |
Key Credit Ratios
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Accounts Date |
30/06/2006 |
30/06/2005 |
30/06/2004 |
30/06/2003 |
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Current Ratio |
1.21 |
1.08 |
1.03 |
0.99 |
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Quick Ratio |
- |
- |
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- |
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T.N.W/Total Assets |
0.18 |
0.08 |
0.03 |
0.01 |
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Equity Gearing |
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- |
Financial Summary
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Working Capital |
The company's working capital improved in the period by
79% |
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Tangible
Net Worth |
Net worth increased by 34,000 during the period and now
stands at GBP 74,000 |
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Fixed Assets |
The subjects fixed assets increased during the period by
GBP 4,000 to GBP 5,000 and are now 1% of total assets compared
with 0% in the previous period |
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Long
Term Liabilities |
Long term liabilities are now 0% of total assets compared
with 0% in the previous period |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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 and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)