MIRA
INFORM REPORT
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Report Date : |
19.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
KARUNA ENTERPRISES LIMITED |
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Registered Office : |
1 Balmoral Clo, Bedford Bedfordshire MK45 1RN |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
22.07.1975 |
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Com. Reg. No.: |
01220109 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Wholesaler of Other Household Goods |
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 : |
No Complaints |
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Litigation : |
Clear |
Company Identification Details
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Subject Reported on |
KARUNA ENTERPRISES LIMITED |
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Trading Address |
1 BALMORAL CLO,BEDFORD,MK45 1RN |
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This company has an average risk status and should be
treated with a degree of caution |
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Official Company Data
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Legal Form |
Private Limited Liability Company (GB) |
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Registration Number |
01220109 |
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Date of Incorporation |
22/07/1975 |
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Registered Office |
1 Balmoral Clo, Bedford Bedfordshire MK45 1RN |
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Date of Last Annual Return to
Registry |
30/06/2007 |
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Activities |
The precise line of business activities have not been
ascertained during the course of investigation. |
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Accounts |
The last filed accounts cover the period to 31/03/2007 |
Recently Filed Documents
Details
of the most recent documents
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Date
Received |
Description |
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30/06/2007 |
Annual Return |
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31/03/2007 |
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 |
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Address |
1, BALMORAL CLOSE FLITWICK , BEDFORD
, MK45 1RN |
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Country of Origin |
BRITISH |
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Date of Birth |
20/09/1947 |
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Appointment Date |
30/06/1991 |
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Other Appointments |
KARUNA ENTERPRISES LIMITED |
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DIRECTOR |
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Occupation |
JEWELLERY SALESMAN |
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Address |
1, BALMORAL CLOSE FLITWICK , BEDFORD
, MK45 1RN |
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Country of Origin |
BRITISH |
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Date of Birth |
02/04/1938 |
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Appointment Date |
30/06/1991 |
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Other Appointments |
KARUNA ENTERPRISES LIMITED |
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SECRETARY |
SHARDA NICHANI |
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Address |
1 BALMORAL CLOSE, FLITWICK , BEDFORD
, BEDFORDSHIRE , MK45 1RN |
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Country of Origin |
BRITISH |
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Date of Birth |
20/09/1947 |
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Appointment Date |
30/06/1991 |
Recently Resigned Directors (last
3)
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DIRECTOR |
LAKSHMAN MICHANI |
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Occupation |
JEWELLERY SALESMAN |
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Address |
1 , BALMORAL CLOSE , LEIAWICK
, BEDFORDSHIRE , - - |
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Date of Birth |
02/04/1938 |
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Resignation Date |
30/06/2001 |
Share Summary
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Share Currency: |
GBP |
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Priniciple Shareholders: |
Type Of Share |
No. of Shares |
Value |
%age |
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Lakshman L Nichani |
ORD |
50 |
50.00 |
50.00 |
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Sharda Nichani |
ORD |
50 |
50.00 |
50.00 |
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Mortgages and Charges
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Total Registered |
1 |
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Total Outstanding |
1 |
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Total Satisfied |
0 |
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Most Recent Mortgage |
14/05/1997 |
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Date Registered |
21/05/1997 |
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Type |
395 |
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Date Created |
14/05/1997 |
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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 |
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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 |
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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 |
The precise line of business activities have not been
ascertained during the course of investigation. |
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Sic Code |
Description |
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5147 |
Wholesale of other household goods |
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Staff Employed |
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Auditors |
A Maslow & Co |
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Auditors Notes |
No Qualification. The Auditors have expressed a clean
opinion (i.e. unqualified with no referrals) on the latest accounts. |
Financial Data
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The following figures are shown in units of units |
Profit and Loss
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Currency |
GBP |
GBP |
GBP |
GBP |
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Consolidated? |
No |
No |
No |
No |
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RETAINED PROFITS |
- |
- |
- |
- |
Balance Sheet
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Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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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 |
848 |
1,130 |
1,032 |
1,092 |
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Total Fixed Assets |
848 |
- |
1,032 |
1,092 |
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TOTAL CURRENT ASSETS |
149,628 |
167,689 |
171,550 |
164,765 |
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Stocks |
118,765 |
137,725 |
144,749 |
118,143 |
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Trade Debtors |
20,158 |
17,911 |
11,635 |
34,030 |
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Cash |
10,705 |
12,053 |
15,166 |
12,592 |
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TOTAL ASSETS |
150,476 |
168,819 |
172,582 |
165,857 |
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TOTAL CURRENT LIABILITIES |
68,372 |
90,792 |
100,357 |
103,413 |
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Other Current Liabilities |
68,372 |
90,792 |
100,357 |
103,413 |
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WORKING CAPITAL |
81,256 |
76,897 |
71,193 |
61,352 |
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TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
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NET ASSETS/(LIABILITIES) |
82,104 |
78,027 |
72,225 |
62,444 |
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SHARE CAPITAL + RESERVES |
82,104 |
78,027 |
72,225 |
62,444 |
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Issued Share Capital |
100 |
100 |
100 |
100 |
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Profit and Loss account |
82,004 |
77,927 |
72,125 |
62,344 |
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SHAREHOLDERS FUNDS |
82,104 |
78,027 |
72,225 |
62,444 |
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CAPITAL EMPLOYED |
82,104 |
78,027 |
72,225 |
62,444 |
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TANGIBLE NET WORTH |
82,104 |
78,027 |
72,225 |
62,444 |
Key
Credit Ratios
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Accounts Date |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Current Ratio |
2.19 |
1.85 |
1.71 |
1.59 |
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Quick Ratio |
0.45 |
0.33 |
0.27 |
0.45 |
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T.N.W/Total Assets |
0.55 |
0.46 |
0.42 |
0.38 |
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Solvency (%) |
83.27 |
116.36 |
138.95 |
165.61 |
Financial Summary
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Working Capital |
The company's working capital improved in the period by 6%
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Tangible Net Worth |
Net worth increased by 4,077,units during the period and
now stands at GBP 82,104,units |
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Fixed Assets |
The subjects fixed assets reduced during the period by GBP
282,units to GBP 848,units and are now 1% of total assets
compared with 1% 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%)