MIRA INFORM REPORT

 

 

 

Report Date :

23.08.2008

 

IDENTIFICATION DETAILS

 

Name :

MANGO CORPORATION LIMITED

 

 

Registered Office :

78 York Street, London, W1H 1DP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2006

 

 

Date of Incorporation :

29.05.2002

 

 

Com. Reg. No.:

04449655

 

 

Legal Form :

Private Limited Liability Company (GB)

 

 

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 :

No Complaints

 

 

Litigation :

Clear

 

 

 

Company Identification Details

 

 

 

Subject Reported on

MANGO CORPORATION LIMITED

Trading Address

CHAPEL HO,24 NUTFORD PL,LONDON,W1H 5YN

 

 

Telephone

020-7569-3102

 

 

Official Company Data

 

 

Legal Form

Private Limited Liability Company (GB)

Registration Number

04449655

Date of Incorporation

29/05/2002

Registered Office

78 York Street, London, W1H 1DP

Date of Last Annual Return to Registry

29/05/2006

Activities

Not ascertaianed   

Accounts

The last filed accounts cover the period to 31/05/2006 and were filed on 03/04/2007 with Companies House.
Please note that the transition, analysis and publication of these accounts may take up to 10 days to appear on this report.

Recently Filed Documents ( view available documents )

Details of the most recent documents

Date Received

Description

29/05/2006

Annual Return

31/05/2006

Financial Statement / Set of Accounts

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

Known Directors

 

 

DIRECTOR

  SARIKA  RASTOGI

  Occupation

COMPANY DIRECTOR

  Address

19 PORTMAN SQUARE,  ,  ,  , W1H 6LE

  Country of Origin

BRITISH

  Date of Birth

09/06/1971

  Appointment Date

12/06/2003

  Other Appointments

MANGO CORPORATION LIMITED, SAPPHIRE GLOBAL LIMITED, THE CENTAUR HOUSE LIMITED

DIRECTOR

  DILIP  BUTANI

  Occupation

MANAGER

  Address

69 EVERTON DRIVE,  ,  ,  , HA7 1EA

  Country of Origin

INDIAN

  Date of Birth

09/05/1983

  Appointment Date

07/02/2008

  Other Appointments

MANGO CORPORATION LIMITED

SECRETARY

  SANDEEP  DEWAN

  Address

61 SOLOMONS COURT,  NORTH FINCHLEY ,  ,  , N12 0AW

  Country of Origin

INDIAN

  Date of Birth

12/05/1977

  Appointment Date

06/08/2002

SECRETARY

  INDRANIL  SARKAR

  Address

45 SWANAGE WAYE,  ,  ,  , UB4 0NY

  Country of Origin

INDIAN

  Date of Birth

09/02/1978

  Appointment Date

07/02/2008

Recently Resigned Directors (last 3)

None

 

 

Share Summary

 

Share Currency:

GBP

 

Principal Shareholders:

Type Of Share

No. of Shares

Value

Voting %age

 

 

 

 

 

Mrs Sarika Rastugui

B ORD

6,000,000 

0.00

100.00

 

 

 

 

 

Mrs Shakuntala Gupta

 

100 

100.00

0.00

 

 

 

 

 

 

 

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

Not ascertaianed   

Sic Code

Description

 

 

Staff Employed

3

 

 

Financial Data

 

Profit and Loss

 

Number of Weeks

52

52

52

52

Accounts Date

31/05/2006

31/05/2005

31/05/2004

31/05/2003

Currency

GBP

GBP

GBP

GBP

Units

units

units

units

units

Consolidated?

No

No

No

No

SALES

1,307,762

462,534

-

-

Cost of goods sold

1,173,560

338,266

-

-

GROSS PROFIT

134,202

124,268

-

-

General administration costs (-)

123,872

98,752

-

-

Depreciation

646

861

-

-

Net Operating Profit(Loss)

10,330

25,516

-

-

Total Non Trading Income

0

0

-

-

Financial Expenses

0

0

-

-

PRE TAX PROFIT

10,330

25,516

-

-

Other Taxation

0

0

-

-

Taxation

2,122

3,709

-

-

PROFIT AFTER TAX

8,208

21,807

-

-

Net Profit

8,208

21,807

-

-

Dividends Payable

0

0

-

-

RETAINED PROFITS

8,208

21,807

-

-

 

 

 

 

Balance Sheet

 

Number of Weeks

52

52

52

52

Accounts Date

31/05/2006

31/05/2005

31/05/2004

31/05/2003

Currency

GBP

GBP

GBP

GBP

Units

units

units

units

units

Consolidated?

No

No

No

No

TOTAL FIXED ASSETS

38,449

39,095

39,956

1,795

 Plant, machinery & equipment

1,937

2,583

-

-

 Intermediate Assets

36,512

36,512

36,512

-

TOTAL CURRENT ASSETS

1,071,762

557,864

129,892

110,333

 own shares

1,071,762

-

-

-

TOTAL ASSETS

1,110,211

596,959

169,848

112,128

TOTAL CURRENT LIABILITIES

966,745

461,701

56,397

59,200

 Other Current Liabilities

966,745

34,949

56,397

59,200

WORKING CAPITAL

105,017

96,163

73,495

51,133

TOTAL LONG TERM LIABS

0

0

0

341

NET ASSETS/(LIABILITIES)

143,466

135,258

113,451

52,928

SHARE CAPITAL + RESERVES

143,466

135,258

113,451

52,587

 Issued Share Capital

60,100

60,100

60,100

1

 Profit and Loss account

83,366

75,158

53,351

52,586

SHAREHOLDERS FUNDS

143,466

135,258

113,451

52,587

CAPITAL EMPLOYED

143,466

135,258

113,451

52,928

TANGIBLE NET WORTH

143,466

135,258

113,451

52,587

 

Key Credit Ratios

 

Accounts Date

31/05/2006

31/05/2005

31/05/2004

31/05/2003

Current Ratio

1.11

1.21

2.30

1.86

Profit Before Tax

0.01

0.06

-

-

Creditors Days (D.P.O)

-

383.50

-

-

Quick Ratio

-

-

-

-

Return on Assets

0.96

4.55

-

-

T.N.W/Total Assets

0.13

0.23

0.67

0.47

Return on Capital

7.20

18.86

-

-

Working Capital/Sales

0.00

0.00

-

-

Equity Gearing

-

-

-

1.54

Stock Turnover

0.00

0.00

-

-

Solvency (%)

673.85

341.35

49.71

113.22

 

 

 

 

 

Financial Summary

 

Turnover

Turnover increased by 183% in the period. Turnover totalled GBP  1,307,762,units for the period.

Operating Profit

Totalled GBP  10,330,units In the period prior a profit of GBP   25,516 was achieved.

Pre Tax

The subject made a profit of GBP  10,330,units compared with a profit of GBP  25,516 in the previous period.

Working Capital

The company's working capital improved in the period by 9%

Tangible Net Worth

Net worth increased by 8,208 during the period and now stands at GBP  143,466,units

Fixed Assets

The subjects fixed assets reduced during the period by GBP  646 to GBP  1,937,units and are now 0% of total assets compared with 0% in the previous period

Long Term Liabilities

Long term liabilities are now 0% of total assets compared with 0% in the previous period

 

 

Top of Form

 

Bottom of Form

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.38

UK Pound

1

Rs.81.34

Euro

1

Rs.64.55

 

 

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.

 

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