MIRA INFORM REPORT

 

 

 

Report Date :

06.11.2008

 

IDENTIFICATION DETAILS

 

Name :

ELANTRA INVESTMENT LIMITED

 

 

Registered Office :

17 Melford Grove,  Oldham,  OL4 3HH

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2008

 

 

Date of Incorporation :

05.01.2001

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

The Import and Exports.

 

 

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

 

ELANTRA INVESTMENT LIMITED

 

Number                        04136474

 

 

company summary

 

Phone

 

Type

Private limited with Share Capital

 

 

Address

17 MELFORD GROVE,
OLDHAM,
OL4 3HH

Company Status

Active - Accounts Filed

 

 

Postcode

OL4 3HH

Incorporated Date

05/01/2001

 

 

 

Active CCJ's

0

 

 

 

Value of CCJ's [£]

£0

 

 

 

Number Of Writs

0

 

 

 

 

 

Current Directors

3

 

 

Total Directorships

5

 

 

 

Trading to Date

31/03/08

31/03/07

31/03/06

 

Turnover

£734,679

£174,706

£46,845

 

Shareholder Funds

£1,138

£-5,041

£-6,903

 

Employees

-

-

-

 

 

Trends

 

 

 

Profitability

 

 

Liquidity

 

 

Shareholders Funds

 

 

 

company information

 

 

Registered Address

Trading Address

 

Telephone Number

 

Telephone Number

 

 

TPS

 

TPS

 

 

Address

Address

 

17 MELFORD GROVE
OLDHAM
OL4 3HH

17 Melford Grove
Oldham
OL4 3HH

 

 

Web Address

 

Incorporation Date

05/01/2001

 

Type of Accounts

Total Exemption Full

Filing Date of Accounts

12/09/2008

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

31/03/2008

 

Annual Return

05/01/2008

 

 

 

 

Industry:

 

The Import And Exports.

 

 

 

 

 

SIC Code

Description

 

7487

Other Business Activities

 

 

Mortgage Charges

 

Outstanding

1

Satisfied

0

 

 

Shareholders

 

Share Capital

1000

Currency

Gbp

 

 

Secondary Industry Code Details

           

 

SIC Code

Description

 

7487

Other Business Activities

 

7011

Development & Selling Of Real Estate

 

 

Mortgage Details

 

 

Mortgage Type:

debenture

 

Date Charge Created:

14/11/2007

Date Charge Registered:

21/11/2007

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

HSBC BANK PLC

 

Amount Secured:

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

 

Details:

01fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

 

 

Shareholders Details

           

 

Name

Shares

 

Mpande Simumba

760 Ordinary Gbp 1.00

 

Ms Annie Simumba

240 Ordinary Gbp 1.00

 

 

Trading Address Details

           

 

Address

Telephone Number

TCPS

 

17 Melford Grove Oldham OL4 3HH

 

 

                                                                      


      accounts

 

PROFIT & LOSS

 

Annual Accounts

04/07-03/08

Change (%)

04/06-03/07

Change (%)

04/05-03/06

 

Months

12

-

12

-

12

 

Currency

GBP

-

GBP

-

GBP

 

Consolidated A/cs

N

-

N

-

N

 

Turnover

734,679

320.5 %

174,706

272.9 %

46,845

 

Export

734,679

-

-

-

46,845

 

Cost of Sales

588,694

274.9 %

157,009

245.3 %

45,471

 

Gross Profit

145,985

724.9 %

17,697

999.9%

1,374

 

Wages & Salaries

-

-

-

-

-

 

Directors Emoluments

-

-

-

-

-

 

Operating Profits

73,208

999.9%

1,750

121.5 %

-8,135

 

Depreciation

995

525.8 %

159

-26.4 %

216

 

Audit Fees

-

-

-

-

-

 

Interest Payments

7,375

999.9%

9

-

-

 

Pre Tax Profit

66,216

999.9%

1,890

123.3 %

-8,107

 

Taxation

-12,037

-42,889.3 %

-28

-

-

 

Profit After Tax

54,179

999.9%

1,862

123.0 %

-8,107

 

Dividends Payable

48,000

-

-

-

-

 

Retained Profits

6,179

231.8 %

1,862

123.0 %

-8,107

 

BALANCE SHEET

 

 

Annual Accounts

04/07-03/08

Change (%)

04/06-03/07

Change (%)

04/05-03/06

 

Tangible Assets

2,982

-92.0 %

37,361

999.9%

635

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

2,982

-92.0 %

37,361

999.9%

635

 

Total Current Assets

227,577

999.9%

9,827

-89.4 %

93,089

 

Trade Debtors

153,259

-

-

-100.0 %

58,360

 

Stock

2,817

-

-

-100.0 %

23,106

 

Cash

62,309

534.1 %

9,827

19.0 %

8,260

 

Other Current Assets

9,192

-

-

-100.0 %

3,363

 

Increase In Cash

52,482

999.9%

1,567

-76.6 %

6,683

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

230,559

388.6 %

47,188

-49.7 %

93,724

 

Total Current Liabilities

211,181

999.9%

9,100

-89.9 %

89,738

 

Trade Creditors

148,372

999.9%

2,370

597.1 %

340

 

Bank Overdraft

37,989

563.9 %

5,722

-

-

 

Other Short Term Fin

9,996

-

-

-

-

 

Miscellaneous Current Liabilities

14,824

999.9%

1,008

-98.9 %

89,398

 

Other Long Term Fin

-

-100.0 %

20,241

85.9 %

10,889

 

Total Long Term Liabilities

18,240

-57.7 %

43,129

296.1 %

10,889

 

Bank Overdraft & LTL

56,229

15.1 %

48,851

348.6 %

10,889

 

Total Liabilities

229,421

339.3 %

52,229

-48.1 %

100,627

 

Net Assets

1,138

122.6 %

-5,041

27.0 %

-6,903

 

Working Capital

16,396

999.9%

727

-78.3 %

3,351

 

CAPITALS & RESERVES

 

 

Annual Accounts

04/07-03/08

Change (%)

04/06-03/07

Change (%)

04/05-03/06

 

Paid up equity

1,000

-

1,000

-

1,000

 

P&L Account Reserve

138

102.3 %

-6,041

23.6 %

-7,903

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

1,138

122.6 %

-5,041

27.0 %

-6,903

 

Net Worth

1,138

122.6 %

-5,041

27.0 %

-6,903

 

MISCELLANEOUS

 

 

Annual Accounts

04/07-03/08

Change (%)

04/06-03/07

Change (%)

04/05-03/06

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

19,378

-49.1 %

38,088

855.5 %

3,986

 

No of Employees

-

-

-

-

-

     

Auditors

 

 

AuditQualification

No Adverse Comments

 

Bankers

 

 

BankBranchCode

 

 

RATIOS

 

 

Annual Accounts

04/07-03/08

04/06-03/07

04/05-03/06

 

Pre-tax profit margin %

9.0 %

1.1 %

-17.3 %

 

Current ratio

1.08

1.08

1.04

 

Sales/Net Working Capital

44.81

240.31

13.98

 

Gearing %

4,941.0 %

-969.1 %

-157.7 %

 

Equity in %

0.5 %

-10.7 %

-7.4 %

 

Creditor Days

73.51

4.94

2.65

 

Debtor Days

75.93

-

454.72

 

Liquidity/Acid Test

1.06

1.08

0.78

 

Return On Capital Employed %

341.7 %

5.0 %

-203.4 %

 

Return On Total Assets Employed %

28.7 %

4.0 %

-8.7 %

 

Current Debt Ratio %

185.6 %

-1.8 %

-13.0 %

 

Total Debt Ratio %

201.6 %

-10.4 %

-14.6 %

 

Stock Turnover Ratio %

0.4 %

-

49.3 %

 

Return on Net Assets Employed %

5,818.6 %

-37.5 %

117.4 %

 

 

group structure

 

No group structure for this company.

 

 

Status History

 

Date

Description

No Status History

 

 

Event History

 

Date

Description

17/09/2008

New Accounts Filed

23/01/2008

Annual Returns

18/09/2007

New Accounts Filed

09/02/2007

New Accounts Filed

20/05/2005

New Accounts Filed

01/03/2005

Annual Returns

12/07/2004

New Board Member (annie Simumba) Appointed

09/07/2004

Annual Returns

12/06/2004

Data Refresh

15/04/2004

New Accounts Filed

02/04/2004

Change Of Name

02/04/2004

Annual Returns

 

directors

 

Name

Annie  Simumba

 

 

Address

17 Melford Grove

 

 

 

Lees

 

 

Oldham

 

 

Britain

 

 

OL4 3HH

 

Officers Title

Ms

Date Of Birth

03/04/1976

 

Honours

 

Present Appointments

3

 

Appointment Date

01/07/2002

Function

Company Secretary

 

 

 

 

 

 

 

Name

Annie  Simumba

 

 

Address

17 Melford Grove

 

 

 

Lees

 

 

Oldham

 

 

Britain

 

 

OL4 3HH

 

Officers Title

Ms

Date Of Birth

03/04/1976

 

Honours

 

Present Appointments

3

 

Appointment Date

01/07/2003

Function

Director

 

 

 

 

 

 

 

 

Name

Mpande  Simumba

 

 

Address

17 Melford Grove

 

 

 

Lees

 

 

Oldham

 

 

OL4 3HH

 

Officers Title

 

Date Of Birth

12/11/1973

 

Honours

 

Present Appointments

2

 

Appointment Date

05/01/2001

Function

Director

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.18

UK Pound

1

Rs.75.05

Euro

1

Rs.60.89

 

 

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%)

 

 

 

 

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