MIRA INFORM REPORT

 

 

Report Date :

14.09.2007

 

IDENTIFICATION DETAILS

 

Name :

K2 INTERNATIONAL TRADING LIMITED

 

 

Registered Office :

The Kdo Business Park, Little, Witley Worcester, Worcester, Worcestershire, WR6 6LR

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.07.2006

 

 

Date of Incorporation :

27/07/2005

 

 

Com. Reg. No.:

05519979

 

 

Legal Form :

Private Limited with share capital

 

 

Line of Business :

Manufacture of other special purpose machinery.

 

 

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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Company Identification Details

 

 

 

Subject Reported on

K2 INTERNATIONAL TRADING LIMITED

Trading Address

K D O Business Park, Little Witley, Worcester, Worcestershire, WR6 6LR

Telephone

01299 896959

 

 

Trading Address

K D O Business Park, Bank Road, Little Witley, Worcester, WR6 6LR

Telephone

01299 896959

 

 

 

 

 

Risk Score

Average Risk - This company has an average risk status and should be treated with a degree of caution

 

 

Credit Limit

GBP  1,300

 

Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.

 

 

Contract Limit

GBP  15,300

 

Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.

 

 

Official Company Data

 

 

 

Legal Form

Private Limited with share capital

Registration Number

05519979

Date of Incorporation

27/07/2005

Registered Office

THE KDO BUSINESS PARK, LITTLE, WITLEY WORCESTER, WORCESTER, WORCESTERSHIRE, WR6 6LR.

Date of Last Annual Return to Registry

27/07/2006

Activities

-  -  -

Accounts

The last filed accounts cover the period to 31/07/2006 and were presented to Companies House on 13/11/2006

 

 

Recently Filed Documents

 

Details of the most recent documents

 

Date Received

Description

28/07/2005

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

 

 

 

DIRECTOR

RUSSELL  ODDY

 (One or more of this director's other companies has additional risk related information which could include CCJ's, Legal Information or dissolution.)

  Occupation

CO DIRECTOR

  Address

FOUR WINDS 57,  BARK HILL , BEWDLEY , WORCS , DY12 2BD

  Country of Origin

BRITISH

  Date of Birth

26/06/1967

  Appointment Date

27/07/2005

  Other Appointments

K. D. O. LABEL PRINTING MACHINES LIMITED, KDO INTERNATIONAL LIMITED, WYRE COURT MANAGEMENT COMPANY LIMITED, KDO INTERNATIONAL WEST LIMITED

SECRETARY

YVONNE  ASTLES JONES

  Address

FOURWINDS COTTAGE , BEWDLEY , WORCS , DY12 2BD

  Date of Birth

30/01/1959

 

 

Recently Resigned Directors (last 3)

 

 

 

DIRECTOR

LESLEY JOYCE GRAEME

  Occupation

DIRECTOR

  Address

61 , FAIRVIEW AVENUE , GILLINGHAM , KENT , - -

  Country of Origin

BRITISH

  Date of Birth

30/12/1953

  Resignation Date

27/07/2005

 

 

Share Summary

 

Share Currency:

GBP

Issued at date of report:

100 ORD

Shares of 100 pence each

 

Share Currency:

GBP

Issued at date of report:

100 ORD B

Shares of 100 pence each

 

 

Prinicipal Shareholders:

Type Of Share

No. of Shares

Value

 

 

 

 

 

 

RUSSELL M ODDY

ORD

70 

70.00

 

 

 

 

 

 

YVONNE ASTLES-JONES

ORD B

70 

70.00

 

 

 

 

 

 

YVONNE ASTLES-JONES

ORD

30 

30.00

 

 

 

 

 

 

RUSSELL M ODDY

ORD B

30 

30.00

 

 

 

 

 

 

 

 

Mortgages and Charges

 

There are no mortgages                

 

 

Public Record Information

 

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

 

 

Operations

 

 

 

Activities

-  -  -

Sic Code

Description

2956

Manufacture of other special purpose machinery not elsewhere classified

Auditors

DHJH LIMITED

Auditors Notes

No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/07/2006.

Bankers

-

 

 

Financial Data

 

Profit and Loss

The following figures are shown in units of GBP '000

 

Number of Weeks

53

Accounts Date

31/07/2006

Currency

GBP '000

Consolidated?

No

Depreciation

25

 

 

Balance Sheet

The following figures are shown in units of GBP '000

 

Number of Weeks

53

Accounts Date

31/07/2006

Currency

GBP '000

Consolidated?

No

TOTAL FIXED ASSETS

121

 Tangible Assets

121

  Fixed Assets

121

TOTAL CURRENT ASSETS

222

 Total Debtors

121

 Stocks/WIP

88

 Cash

13

TOTAL ASSETS

343

TOTAL CURRENT LIABILITIES

287

 Other Current Liabilities

287

WORKING CAPITAL

-65

TOTAL LONG TERM LIABS

10

 Other Liabilities

10

NET ASSETS/(LIABILITIES)

46

SHARE CAPITAL + RESERVES

46

 Issued Share Capital

0

 Profit and Loss account

46

SHAREHOLDERS FUNDS

46

CAPITAL EMPLOYED

56

 

 

Key Credit Ratios

 

Accounts Date

31/07/2006

Current Ratio

0.77

Long Term Debt/T.N.W (%)

21.13

Quick Ratio

0.47

T.N.W/Total Assets

13.38

Equity Gearing

13.38

 

 

 

Financial Comparison

 

The following figures are shown in units of GBP '000

 

Number of Weeks

53

Accounts Date

31/07/2006

Currency

GBP '000

Other Deferred Liabs

10

Tangible Net Worth(T.N.W)

46

Equity

46

 

 

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

 

 

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%)

 

 

 

 

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