MIRA INFORM REPORT

 

 

 

Report Date :

16.07.2008

 

IDENTIFICATION DETAILS

 

Name :

GNK TRADING LTD

 

 

Registered Office :

1 Elystan Business Cntr, Springfield Rd, Hayes, Middx UB4 0UP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2008

 

 

Date of Incorporation :

12.07.1999

 

 

Com. Reg. No.:

03805731

 

 

Legal Form :

Private Limited Liability Company (GB)

 

 

Line of Business :

Software Consultancy and Supply

 

 

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   4,200

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

 

Company Identification Details

 

 

Subject Reported on

GNK TRADING LTD

Registered Office

1 Elystan Business Cntr, Springfield Rd, Hayes, Middx UB4 0UP

 

 

 

 

 

 

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

 

 

 

 

Credit Limit

GBP   4,200

 

 

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

 

 

 

 

Contract Limit

GBP   4,200

 

 

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

 

 

 

Official Company Data

 

 

Legal Form

Private Limited Liability Company (GB)

Registration Number

03805731

Date of Incorporation

12/07/1999

Registered Office

1 Elystan Business Cntr, Springfield Rd, Hayes, Middx UB4 0UP

Date of Last Annual Return to Registry

12/07/2007

Accounts

The last filed accounts cover the period to 31/03/2008 and were filed on 23/06/2008 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

Details of the most recent documents

Date Received

Description

12/07/2007

Annual Return

31/03/2008

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

GANESH KUMAR KAKAR

  Occupation

IT CONSULTANT

  Address

96,  THE FAIRWAY BURNHAM BEECHES , SLOUGH , SL1 8DY

  Country of Origin

BRITISH

  Date of Birth

18/11/1977

  Appointment Date

12/07/1999

  Other Appointments

GNK TRADING LTD, INNOV8IVE INVESTMENT COMPANY LIMITED, SEHRTECH LIMITED

DIRECTOR

NARINDER KUMAR KAKAR

  Occupation

DIRECTOR

  Address

96,  THE FAIRWAY BURNHAM BEECHES , SLOUGH , SL1 8DY

  Country of Origin

BRITISH

  Date of Birth

03/08/1953

  Appointment Date

08/02/2001

  Other Appointments

GNK TRADING LTD, INNOV8IVE INVESTMENT COMPANY LIMITED, N.K. FASHIONS LIMITED, SEHRTECH LIMITED

SECRETARY

GANESH KAKAR

  Address

96 THE FAIRWAY,  , BURNHAM BEECHES , BERKSHIRE , SL1 8DY

  Country of Origin

BRITISH

  Date of Birth

18/11/1977

  Appointment Date

04/03/2000

 

 

Recently Resigned Directors (last 3)

 

 

DIRECTOR

MR ARVIN  RAMCHURN

  Address

28 , BENCOMBE ROAD , PURLEY , SURREY , - -

  Date of Birth

23/12/1977

  Resignation Date

01/03/2000

 

 

Share Summary

 

Share Currency:

GBP

 

Principal Shareholders:

Type Of Share

No. of Shares

Value

Voting %age

 

 

 

 

 

Ganesh Kumar Kakar

ORD

1 

1.00

50.00

 

 

 

 

 

Narinder Kumar Kakar

ORD

1 

1.00

50.00

 

 

 

 

 

 

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

 

 

Sic Code

Description

7484

Other business activities not elsewhere classified

7220

Software consultancy and supply

Staff Employed

 

 

 

Financial Data

 

Profit and Loss

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2008

31/03/2007

31/03/2006

30/06/2005

Currency

GBP

GBP

GBP

GBP

Units

units

units

units

units

Consolidated?

No

No

No

No

RETAINED PROFITS

-

-

-

-

 

 

 

Balance Sheet

 

 

Number of Weeks

52

52

52

52

Accounts Date

31/03/2008

31/03/2007

31/03/2006

30/06/2005

Currency

GBP

GBP

GBP

GBP

Units

units

units

units

units

Consolidated?

No

No

No

No

TOTAL FIXED ASSETS

10,048

8,209

2,445

3,259

 Total Fixed Assets

10,048

8,209

2,445

-

TOTAL CURRENT ASSETS

241,175

239,286

73,445

67,902

 Stocks

97,119

94,034

35,065

16,170

 Trade Debtors

133,850

77,881

2,436

9,173

 Cash

10,206

67,371

35,944

41,898

TOTAL ASSETS

251,223

247,495

75,890

71,161

TOTAL CURRENT LIABILITIES

116,269

89,914

74,383

74,182

 Other Current Liabilities

116,269

89,914

74,383

74,182

WORKING CAPITAL

124,906

149,372

-938

-6,280

TOTAL LONG TERM LIABS

145,359

135,054

0

0

 Other Long Term Liabilities

145,359

135,054

-

-

NET ASSETS/(LIABILITIES)

134,954

157,581

1,507

-3,021

SHARE CAPITAL + RESERVES

-10,405

22,527

1,507

-3,021

 Issued Share Capital

2

2

2

2

 Profit and Loss account

-10,407

22,525

1,505

-3,023

SHAREHOLDERS FUNDS

-10,405

22,527

1,507

-3,021

CAPITAL EMPLOYED

134,954

157,581

1,507

-3,021

TANGIBLE NET WORTH

-10,405

22,527

1,507

-3,021

 

Key Credit Ratios

 

 

Accounts Date

31/03/2008

31/03/2007

31/03/2006

30/06/2005

Current Ratio

2.07

2.66

0.99

0.92

Profit Before Tax

-

-

-

-0.03

Quick Ratio

1.24

1.62

0.52

0.70

Return on Assets

-

-

-

-6.25

T.N.W/Total Assets

-0.04

0.09

0.02

-0.04

Return on Capital

-

-

-

147.24

Working Capital/Sales

-

-

-

0.00

Equity Gearing

0.00

0.00

-

-

Stock Turnover

-

-

-

0.00

Solvency (%)

-2514.44

998.66

4935.83

-2455.54

 

 

 

Financial Summary

 

Working Capital

The company's working capital decreased in the period by 16%

Tangible Net Worth

Net worth reduced by 32,932 during the period and now stands at GBP  -10,405,units

Fixed Assets

The subjects fixed assets increased during the period by GBP  1,839 to GBP  10,048,units and are now 4% of total assets compared with 3% in the previous period

Long Term Liabilities

The company's long term liabilities increased during the period by 8% and are now -1397% of net worth compared with 600% in the previous period

Long Term Liabilities

Long term liabilities are now 58% of total assets compared with 55% in the previous period

 

Previous Searches on this Company

 

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

1

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.43.17

UK Pound

1

Rs.86.46

Euro

1

Rs.68.68

 

 

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