MIRA INFORM REPORT

 

 

 

Report Date :

15.11.2008

 

IDENTIFICATION DETAILS

 

Name :

TONKIN TRADING LIMITED

 

 

Registered Office :

3 The Glass House, 3 Royal Oak Yard, London, SE1 3 GE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

08.04.1999

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Agents In Particular Products

 

 

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 :

Usually Correct  

 

 

Litigation :

Clear

 

 

Name

 

TONKIN TRADING LIMITED        Number 03748319

 

 

company summary   

 

 

   Phone                                                            Type            Private limited with Share Capital    

   Address       3 THE GLASS HOUSE,
3 ROYAL OAK YARD,
LONDON,
SE1 3GE        Company Status                          Active - Accounts Filed                                    

   Postcode     SE1 3GE                                    Incorporated Date                                           08/04/1999             

 

 

 

Active CCJ's

0

 

 

 

Value of CCJ's [£]

£0

 

 

 

Number Of Writs

0

 

 

 

 

Current Directors

2

 

 

Total Directorships

5

 

 

 

Trading to Date

31/03/07

31/03/06

31/03/05

 

Turnover

-

-

-

 

Shareholder Funds

£71,008

£65,355

£41,139

 

Employees

-

-

-

 

 

Trends

 

 

 

Profitability

 

 

 

Liquidity

 

 

 

Shareholders Funds

 

 

 

 

 

 

 

 

company information

 

 

Registered Address

Trading Address

 

Telephone Number

 

Telephone Number

 

 

TPS

 

TPS

 

 

Address

Address

 

3 THE GLASS HOUSE
3 ROYAL OAK YARD
LONDON
SE1 3GE

3 The Glass House
3 Royal Oak Yard
SE1 3GE

 

 

 

 

 

 

 

Web Address

 

Incorporation Date

08/04/1999

 

Type of Accounts

Total Exemption Small

Filing Date of Accounts

25/01/2008

 

Company Type

Private Limited With Share Capital

Date of Latest Accounts

31/03/2007

 

Annual Return

08/04/2008

 

 

 

 

 

 

Previous Name(s)

 

Changed:

21/04/1999

Clubstore Limited

 

 

 

 

 

 

 

Industry:

 

Agents In Particular Products.

 

 

 

 

 

 

 

 

 

 

 

 

SIC Code

Description

 

5118

Agents In Particular Products

 

 

 

 

 

 

 

Mortgage Charges

 

Outstanding

2

Satisfied

0

 

 

 

 

 

 

 

Shareholders

 

Share Capital

2

Currency

Gbp

 

 

 

 

 

 

 

Previous Names Details

 

 

 

Previous Name(s)

 

Changed :

21/04/1999

Clubstore Limited

 

 

Secondary Industry Code Details

 

 

 

 

 

 

 

SIC Code

Description

 

5118

Agents In Particular Products

 

 

 

Mortgage Details

 

 

 

Mortgage Type:

all assets debenture

 

Date Charge Created:

25/10/2007

Date Charge Registered:

01/11/2007

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

COFACE RECEIVABLES FINANCE LIMITED

 

Amount Secured:

all monies due or to become due from the company to the chargee on any account whatsoever.under the terms of the aforementioned instrument creating or evidencing the charge

 

Details:

fixed and floating charges over the undertaking and all property and assets present and future including goodwill uncalled capital buildings fixtures plant and machinery

 

 

 

 

Mortgage Type:

fixed charge on purchased debts which fail to vest

 

Date Charge Created:

25/04/2005

Date Charge Registered:

26/04/2005

 

Date Charge Satisfied:

 

Status:

Outstanding

 

Person(s) Entitled:

HSBC INVOICE FINANCE (UK) LTD (THE SECURITY HOLDER)

 

Amount Secured:

all monies due or to become due from the company to the chargee under the termsof the aforementioned instrument creating or evidencing the charge

 

Details:

by way of fixed equitable charge all deb ts purchased or purported to be purchase d by the security holder pursuant to an agreement for the purchase of debts betw een the security holder and the company (including associated rights relating th ereto) which fail to vest effectively or absolutely in the security holder for a ny reason

 

 

Shareholders Details

 

 

 

 

Name

Shares

 

Ms Jessica Whitlam

1 Ordinary Gbp 1.00

 

Giles Whitlam

1 Ordinary Gbp 1.00

 

Trading Address Details

 

 

Address

Telephone Number

TCPS

 

3 The Glass House 3 Royal Oak Yard SE1 3GE

 

 

 

 

Accounts

 

 

Profit & Loss

 

Annual Accounts

04/06-03/07

Change (%)

04/05-03/06

Change (%)

04/04-03/05

 

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

2,380

-25.0 %

3,173

-

-

 

Audit Fees

-

-

-

-

-

 

Interest Payments

-

-

-

-

-

 

Pre Tax Profit

-

-

-

-

-

 

Taxation

-

-

-

-

-

 

Profit After Tax

-

-

-

-

-

 

Dividends Payable

-

-

-

-

-

 

Retained Profits

-

-

-

-

-

 

 

balance sheet

 

 

 

Annual Accounts

04/06-03/07

Change (%)

04/05-03/06

Change (%)

04/04-03/05

 

Tangible Assets

7,141

-25.0 %

9,521

30.5 %

7,298

 

Intangible Assets

34,000

-8.1 %

37,000

-7.5 %

40,000

 

Total Fix Assets

41,141

-11.6 %

46,521

-1.6 %

47,298

 

Total Current Assets

492,796

-8.3 %

537,364

-25.6 %

722,096

 

Trade Debtors

301,366

-

-

-

-

 

Stock

188,984

2.1 %

185,079

-9.3 %

203,961

 

Cash

2,446

-89.6 %

23,572

55.1 %

15,195

 

Other Current Assets

-

-100.0 %

328,713

-34.6 %

502,940

 

Increase In Cash

-21,126

-352.2 %

8,377

-44.9 %

15,195

 

Miscellaneous Current Assets

-

-

-

-

-

 

Total Assets

533,937

-8.6 %

583,885

-24.1 %

769,394

 

Total Current Liabilities

462,929

-10.7 %

518,530

-28.8 %

728,255

 

Trade Creditors

462,929

-

-

-

-

 

Bank Overdraft

-

-

-

-

-

 

Other Short Term Fin

-

-

-

-

-

 

Miscellaneous Current Liabilities

-

-100.0 %

518,530

-28.8 %

728,255

 

Other Long Term Fin

-

-

-

-

-

 

Total Long Term Liabilities

-

-

-

-

-

 

Bank Overdraft & LTL

-

-

-

-

-

 

Total Liabilities

462,929

-10.7 %

518,530

-28.8 %

728,255

 

Net Assets

71,008

8.6 %

65,355

58.9 %

41,139

 

Working Capital

29,867

58.6 %

18,834

405.8 %

-6,159

 

 

capitals & reserves

 

 

Annual Accounts

04/06-03/07

Change (%)

04/05-03/06

Change (%)

04/04-03/05

 

Paid up equity

2

-

2

-

2

 

P&L Account Reserve

71,006

8.6 %

65,353

-

-

 

Sundry Reserves

-

-

-

-

-

 

Revaluation Reserve

-

-

-

-

-

 

Shareholder Funds

71,008

8.6 %

65,355

58.9 %

41,139

 

Net Worth

37,008

30.5 %

28,355

999.9%

1,139

 

 

miscellaneous

 

 

Annual Accounts

04/06-03/07

Change (%)

04/05-03/06

Change (%)

04/04-03/05

 

Net Cashflow from Operations

-

-

-

-

-

 

Net Cashflow before Financing

-

-

-

-

-

 

Net Cashflow from Financing

-

-

-

-

-

 

Contingent Liability

NO

-

NO

-

NO

 

Capital Employed

71,008

8.6 %

65,355

58.9 %

41,139

 

No of Employees

-

-

-

-

-

     

Auditors

 

 

AuditQualification

No Adverse Comments

 

Bankers

 

 

BankBranchCode

 

 

 

Ratios

 

 

Annual Accounts

04/06-03/07

04/05-03/06

04/04-03/05

 

Pre-tax profit margin %

-

-

-

 

Current ratio

1.06

1.04

0.99

 

Sales/Net Working Capital

-

0.00

0.00

 

Gearing %

0.0 %

0.0 %

-

 

Equity in %

14.2 %

12.0 %

5.6 %

 

Creditor Days

-

-

-

 

Debtor Days

-

-

-

 

Liquidity/Acid Test

0.66

0.68

0.71

 

Return On Capital Employed %

-

0.0 %

0.0 %

 

Return On Total Assets Employed %

-

0.0 %

0.0 %

 

Current Debt Ratio %

6.5 %

7.9 %

17.7 %

 

Total Debt Ratio %

6.5 %

7.9 %

17.7 %

 

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

11/04/2008

Annual Returns

04/02/2008

New Accounts Filed

27/02/2007

New Accounts Filed

20/03/2006

Change In Reg.office

20/03/2006

Change Of Company Postcode

15/03/2006

New Accounts Filed

23/01/2005

New Accounts Filed

08/10/2004

Data Refresh

12/06/2004

Data Refresh

08/06/2004

Annual Returns

20/02/2004

New Account

06/02/2004

The Annual Account Type Changed

 

 

directors

 

 

Name

Jessica  Whitlam

 

 

Address

Little Thursley

 

 

 

Polecat Hill

 

 

Haslemere

 

 

Surrey

 

 

GU27 1JX

 

Officers Title

Ms

Date Of Birth

 

 

Honours

 

Present Appointments

1

 

Appointment Date

 

Function

Company Secretary

 

 

 

 

 

 

Name

Giles  Whitlam

 

Address

Little Thursley

 

 

Polecat Hill

 

Haslemere

 

Surrey

 

GU27 1JX

Officers Title

Mr

Date Of Birth

25/08/1968

Honours

 

Present Appointments

4

Appointment Date

12/04/1999

Function

Director

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.68

UK Pound

1

Rs.74.64

Euro

1

Rs.62.58

 

 

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