MIRA INFORM REPORT

 

 

 

Report Date :

10.11.2008

 

IDENTIFICATION DETAILS

 

Name :

AKRO PHARMACEUTICAL COMPANY LIMITED                

 

 

Registered Office :

404 Katherine Road, London, E7 8NP

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2007

 

 

Date of Incorporation :

28.09.1998

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Wholesaler of Pharmaceutical Goods.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

[£] 1,000          

 

 

Status :

Small Company

 

 

Payment Behaviour :

No Complaints

 

 

Litigation :

Clear

Name of the company

 

AKRO PHARMACEUTICAL COMPANY LIMITED                

Number      03639498

 

 

company summary

 

 

Phone

02084720461

Type

Private limited with Share Capital

 

 

Address

404 KATHERINE ROAD,
LONDON,
E7 8NP

Company Status

Active - Accounts Filed

 

 

Postcode

E7 8NP

Incorporated Date

28/09/1998

 

 

Todays Limit [£]            1,000  

 

 

Active CCJ's

0

 

 

 

Value of CCJ's [£]

£0

 

 

 

Number Of Writs

0

 

 

 

 

Current Directors

3

 

 

Total Directorships

5

 

 

 

Trading to Date

31/05/07

31/05/06

31/05/05

 

Turnover

-

-

-

 

Shareholder Funds

£15,021

£5,092

£15,410

 

Employees

-

-

-

 

 

Trends

 

 

 

Profitability

 

 

Liquidity

 

 

Shareholders Funds

 

 

 

company information

 

 

Registered Address

Trading Address

 

Telephone Number

02084720461

Telephone Number

020 84720461

 

TPS

N

TPS

 

 

Address

Address

 

404 KATHERINE ROAD
LONDON
E7 8NP

404 Katherine Road
London
E7 8NP

 

 

Web Address

 

Incorporation Date

28/09/1998

 

Type of Accounts

Total Exemption Small

Filing Date of Accounts

31/03/2008

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

31/05/2007

 

Annual Return

28/09/2006

 

 

 

 

 

Industry:

 

Wholesale Of Pharmaceutical Goods.

 

 

 

 

 

SIC Code

Description

 

5146

Wholesale Of Pharmaceutical Goods

 

 

Mortgage Charges

 

Outstanding

0

Satisfied

0

 

 

Shareholders

 

Share Capital

1000

Currency

Gbp

 

 

Secondary Industry Code Details          

 

 

SIC Code

Description

 

5146

Wholesale Of Pharmaceutical Goods

 

 

Shareholders Details

           

 

Name

Shares

 

Samuel T Adjei

500 Ord £1

 

Felicia G Adjei

500 Ord £1

 

 

Trading Address Details

 

 

Address

Telephone Number

TCPS

 

404 Katherine Road London E7 8NP

 

 

 

 

accounts

 

PROFIT & LOSS

 

Annual Accounts

06/06-05/07

Change (%)

06/05-05/06

Change (%)

06/04-05/05

 

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

377

-25.0 %

503

-

-

 

Audit Fees

-

-

-

-

-

 

Interest Payments

-

-

-

-

-

 

Pre Tax Profit

-

-

-

-

-

 

Taxation

-

-

-

-

-

 

Profit After Tax

-

-

-

-

-

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-

-

-

-

-

 

BALANCE SHEET

 

Annual Accounts

06/06-05/07

Change (%)

06/05-05/06

Change (%)

06/04-05/05

 

Tangible Assets

1,129

-25.0 %

1,506

129.2 %

657

 

Intangible Assets

-

-

-

-

-

 

Total Fix Assets

1,129

-25.0 %

1,506

129.2 %

657

 

Total Current Assets

538,027

21.7 %

441,960

11.4 %

396,647

 

Trade Debtors

451,713

-

-

-

-

 

Stock

66,086

-30.2 %

94,625

9.7 %

86,291

 

Cash

20,228

262.6 %

5,579

-44.5 %

10,053

 

Other Current Assets

-

-100.0 %

341,756

13.8 %

300,303

 

Increase In Cash

14,649

427.4 %

-4,474

77.0 %

-19,413

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

539,156

21.6 %

443,466

11.6 %

397,304

 

Total Current Liabilities

524,135

19.6 %

438,374

14.8 %

381,894

 

Trade Creditors

524,135

-

-

-

-

 

Bank Overdraft

-

-

-

-

-

 

Other Short Term Fin

-

-

-

-

-

 

Miscellaneous Current Liabilities

-

-100.0 %

438,374

14.8 %

381,894

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

-

-

-

-

-

 

Bank Overdraft & LTL

-

-

-

-

-

 

Total Liabilities

524,135

19.6 %

438,374

14.8 %

381,894

 

Net Assets

15,021

195.0 %

5,092

-67.0 %

15,410

 

Working Capital

13,892

287.4 %

3,586

-75.7 %

14,753

 

CAPITALS & RESERVES

 

Annual Accounts

06/06-05/07

Change (%)

06/05-05/06

Change (%)

06/04-05/05

 

Paid up equity

1,000

-

1,000

-

1,000

 

P&L Account Reserve

14,021

242.6 %

4,092

-

-

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

15,021

195.0 %

5,092

-67.0 %

15,410

 

Net Worth

15,021

195.0 %

5,092

-67.0 %

15,410

 

MISCELLANEOUS

 

Annual Accounts

06/06-05/07

Change (%)

06/05-05/06

Change (%)

06/04-05/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

15,021

195.0 %

5,092

-67.0 %

15,410

 

No of Employees

-

-

-

-

-

     

Auditors

 

 

AuditQualification

No Adverse Comments

 

Bankers

 

 

BankBranchCode

 

 

RATIOS

 

 

Annual Accounts

06/06-05/07

06/05-05/06

06/04-05/05

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.03

1.01

1.04

 

Sales/Net Working Capital

-

0.00

0.00

 

Gearing %

0.0 %

0.0 %

-

 

Equity in %

2.8 %

1.1 %

3.9 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

0.90

0.79

0.81

 

Return On Capital Employed %

-

0.0 %

0.0 %

 

Return On Total Assets Employed %

-

0.0 %

0.0 %

 

Current Debt Ratio %

34.9 %

86.1 %

24.8 %

 

Total Debt Ratio %

34.9 %

86.1 %

24.8 %

 

Stock Turnover Ratio %

-

-

-

 

Return on Net Assets Employed %

-

0.0 %

0.0 %

 

 

group structure

 

No group structure for this company.

 

 

 

Status History

 

Date

Description

No Status History

 

Event History

 

Date

Description

10/04/2008

New Accounts Filed

16/04/2007

New Accounts Filed

17/04/2006

New Accounts Filed

17/01/2005

New Accounts Filed

03/11/2004

Annual Returns

17/06/2004

Data Refresh

03/04/2004

New Accounts Filed

 

directors

 

 

Name

Samuel Tetteh Adjei

 

 

Address

19 Wallenger Avenue

 

 

 

Romford

 

 

Essex

 

 

RM2 6EP

 

Officers Title

Mr

Date Of Birth

06/04/1948

 

Honours

 

Present Appointments

2

 

Appointment Date

28/09/1998

Function

Director

 

 

Name

Felicia Gloria Adjei

 

 

Address

19 Wallenger Avenue

 

 

 

Gidea Park

 

 

Essex

 

 

RM2 6EP

 

Officers Title

Ms

Date Of Birth

23/08/1956

 

Honours

 

Present Appointments

3

 

Appointment Date

28/09/1998

Function

Company Secretary

 

 

 

 

 

 

 

Name

Felicia Gloria Adjei

 

 

Address

19 Wallenger Avenue

 

 

 

Gidea Park

 

 

Essex

 

 

RM2 6EP

 

Officers Title

Ms

Date Of Birth

23/08/1956

 

Honours

 

Present Appointments

3

 

Appointment Date

28/09/1998

Function

Director

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.32

UK Pound

1

Rs.74.20

Euro

1

Rs.60.73

 

 

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