MIRA INFORM REPORT

 

 

 

Report Date :

04.11.2008

 

IDENTIFICATION DETAILS

 

Name :

DAVID GANN LIMITED

 

 

Formerly Known as :

Kabhill Limited

 

 

Registered Office :

63-66 Hatton Garden, London,  EC1N 8LE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2008

 

 

Date of Incorporation :

27.07.1984

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Other Wholesale

 

 

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

 

 

Name of the company

 

DAVID GANN LIMITED

Number                        01836630

 

 

company summary

 

 

Phone

02074052145

Type

Private limited with Share Capital

 

 

Address

63-66 HATTON GARDEN,
LONDON,
EC1N 8LE

Company Status

Active - Accounts Filed

 

 

Postcode

EC1N 8LE

Incorporated Date

27/07/1984

 

 

 

Active CCJ's

0

 

 

 

Value of CCJ's [£]

£0

 

 

 

Number Of Writs

0

 

 

 

 

Current Directors

3

 

 

Total Directorships

6

 

 

 

Trading to Date

30/04/08

30/04/07

30/04/06

 

Turnover

-

-

-

 

Shareholder Funds

£105,228

£120,622

£154,256

 

Employees

-

-

-

 

 

Trends

 

 

 

Profitability

 

 

Liquidity

 

 

Shareholders Funds

 

 

 

company information

 

 

Registered Address

Trading Address

 

Telephone Number

02074052145

Telephone Number

020 74052145

 

TPS

N

TPS

 

 

Address

Address

 

63-66 HATTON GARDEN
LONDON
EC1N 8LE

63-66 Hatton Garden
London
EC1N 8LE

 

 

Web Address

davidgann.co.uk

Incorporation Date

27/07/1984

 

Type of Accounts

Total Exemption Small

Filing Date of Accounts

25/09/2008

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

30/04/2008

 

Annual Return

31/05/2005

 

 

 

 

Previous Name(s)

 

Changed:

12/11/1984

Kabhill Limited

 

Industry:

 

 

Wholesale.

 

 

 

 

 

 

SIC Code

Description

 

5190

Other Wholesale

 

 

Mortgage Charges

 

Outstanding

1

Satisfied

0

 

 

Shareholders

 

Share Capital

50000

Currency

Gbp

 

 

Previous Names Details                            

 

 

Previous Name(s)

 

Changed :

12/11/1984

Kabhill Limited

 

 

Secondary Industry Code Details          

 

 

SIC Code

Description

 

5190

Other Wholesale

 

 

Mortgage Details    

 

 

Mortgage Type:

mortgage debenture

 

Date Charge Created:

22/03/1994

Date Charge Registered:

05/04/1994

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

NATIONAL WESTMINSTER BANK PLC

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.

 

Details:

10 a specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof, fixed and floating charges over undertaking and allproperty and assets present and future including goodwill, bookdebts and the benefits of any licences.

 

 

Shareholders Details

           

 

Name

Shares

 

Julie Griffin

5,000 Ord £1

 

David A Gann

45,000 Ord £1

 

 

Trading Address Details

 

 

Address

Telephone Number

TCPS

 

63-66 HATTON GARDEN LONDON EC1N 8LE

02074052145

N

 

63-66 HATTON GARDEN LONDON EC1N 8LE

02074302581

N

 

63-66 Hatton Garden London EC1N 8LE

 

 

 

 

accounts

 

PROFIT & LOSS          

 

 

Annual Accounts

05/07-04/08

Change (%)

05/06-04/07

Change (%)

05/05-04/06

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

-

-

-

-

-

 

Export

-

-

-

-

-

 

Cost of Sales

-

-

-

-

-

 

Gross Profit

-

-

-

-

-

 

Wages & Salaries

-

-

-

-

-

 

Directors Emoluments

-

-

-

-

-

 

Operating Profits

-

-

-

-

-

 

Depreciation

4,506

-12.6 %

5,154

-54.5 %

11,316

 

Audit Fees

-

-

-

-

-

 

Interest Payments

-

-

-

-

-

 

Pre Tax Profit

-

-

-

-

-

 

Taxation

-

-

-

-

-

 

Profit After Tax

-

-

-

-

-

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-

-

-

-

-

 

BALANCE SHEET

 

Annual Accounts

05/07-04/08

Change (%)

05/06-04/07

Change (%)

05/05-04/06

 

Tangible Assets

16,984

-21.0 %

21,489

-9.2 %

23,663

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

16,984

-21.0 %

21,489

-9.2 %

23,663

 

Total Current Assets

876,339

-3.9 %

912,192

4.1 %

876,541

 

Trade Debtors

416,539

-5.0 %

438,382

-

-

 

Stock

453,560

-0.7 %

456,700

5.0 %

434,997

 

Cash

284

-96.5 %

8,151

-61.1 %

20,957

 

Other Current Assets

-

-

-

-100.0 %

409,492

 

Increase In Cash

-7,867

38.6 %

-12,806

-161.4 %

20,860

 

Miscellaneous Current Assets

5,956

-33.5 %

8,959

-19.3 %

11,095

 

Total Assets

893,323

-4.3 %

933,681

3.7 %

900,204

 

Total Current Liabilities

769,095

-3.1 %

794,059

9.4 %

725,921

 

Trade Creditors

702,067

-1.7 %

714,500

-

-

 

Bank Overdraft

67,028

-15.8 %

79,559

9.0 %

72,975

 

Other Short Term Fin

-

-

-

-

-

 

Miscellaneous Current Liabilities

-

-

-

-100.0 %

652,946

 

Other Long Term Fin

19,000

-

-

-

-

 

Total Long Term Liabilities

19,000

-

19,000

-5.1 %

20,027

 

Bank Overdraft & LTL

86,028

-12.7 %

98,559

6.0 %

93,002

 

Total Liabilities

788,095

-3.1 %

813,059

9.0 %

745,948

 

Net Assets

105,228

-12.8 %

120,622

-21.8 %

154,256

 

Working Capital

107,244

-9.2 %

118,133

-21.6 %

150,620

 

CAPITALS & RESERVES

 

 

Annual Accounts

05/07-04/08

Change (%)

05/06-04/07

Change (%)

05/05-04/06

 

Paid up equity

50,000

-

50,000

-

50,000

 

P&L Account Reserve

44,228

-25.8 %

59,622

-36.1 %

93,256

 

Sundry Reserves

11,000

-

11,000

-

11,000

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

105,228

-12.8 %

120,622

-21.8 %

154,256

 

Net Worth

105,228

-12.8 %

120,622

-21.8 %

154,256

 

MISCELLANEOUS

 

 

Annual Accounts

05/07-04/08

Change (%)

05/06-04/07

Change (%)

05/05-04/06

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

124,228

-11.0 %

139,622

-19.9 %

174,283

 

No of Employees

-

-

-

-

-

 

     

Auditors

 

 

 

 

AuditQualification

No Adverse Comments

 

 

 

Bankers

NATIONAL WESTMINSTER BANK PLC

 

 

 

BankBranchCode

 

 

 

RATIOS

 

 

Annual Accounts

05/07-04/08

05/06-04/07

05/05-04/06

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.14

1.15

1.21

 

Sales/Net Working Capital

-

-

0.00

 

Gearing %

81.8 %

81.7 %

60.3 %

 

Equity in %

11.8 %

12.9 %

17.1 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

0.55

0.57

0.61

 

Return On Capital Employed %

-

-

0.0 %

 

Return On Total Assets Employed %

-

-

0.0 %

 

Current Debt Ratio %

7.3 %

6.6 %

4.7 %

 

Total Debt Ratio %

7.5 %

6.7 %

4.8 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

-

-

0.0 %

 

 

group structure

 

No group structure for this company.

 

 

 

Status History

 

Date

Description

No Status History

 

 

Event History

 

Date

Description

02/10/2008

New Accounts Filed

17/12/2007

New Accounts Filed

21/07/2006

New Accounts Filed

01/11/2005

New Accounts Filed

12/09/2005

New Board Member (julie Griffin) Appointed

28/02/2005

New Accounts Filed

10/06/2004

Annual Returns

 

directors

 

 

Name

Julie  Griffin

 

 

Address

314 Avery Hill Road

 

 

 

New Eltham

 

 

London

 

 

SE9 2JN

 

Officers Title

Ms

Date Of Birth

12/04/1964

 

Honours

 

Present Appointments

4

 

Appointment Date

22/12/1997

Function

Company Secretary

 

 

 

Name

Julie  Griffin

 

 

Address

314 Avery Hill Road

 

 

 

New Eltham

 

 

London

 

 

SE9 2JN

 

Officers Title

Ms

Date Of Birth

12/04/1964

 

Honours

 

Present Appointments

4

 

Appointment Date

20/07/1993

Function

Director

 

 

Name

David Alexander Gann

 

 

Address

112 Copsewood Way

 

 

 

Northwood

 

 

Middlesex

 

 

HA6 2UB

 

Officers Title

Mr

Date Of Birth

20/12/1944

 

Honours

 

Present Appointments

2

 

Appointment Date

31/05/1992

Function

Director

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.48.62

UK Pound

1

Rs.76.71

Euro

1

Rs.61.30

 

 

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