MIRA INFORM REPORT

 

 

Report Date :

11.08.2011

 

IDENTIFICATION DETAILS

 

Name :

MULTI TRADE LINKS (UK) LTD

 

 

Registered Office :

99 Kenton Road, Harrow, Middlesex, Ha3 0an.

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

04.04.2008

 

 

Com. Reg. No.:

06555378

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

The General Metal Merchants, including export of scrap metal

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

GBP 42,000

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear


 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31st, 2011

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company Identification Details

 

Subject Reported on

MULTI TRADE LINKS (UK) LTD

Registration Number

06555378

 

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 42,000

 

 

 

Payment Behaviour

 

 

( No Payment Analysis Data is Available )

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

06555378

Subject Status

Trading

Date of Incorporation

04/04/2008

Registered Office

99 KENTON ROAD, HARROW, MIDDLESEX, HA3 0AN.

History

30/05/2009 : The Registered Office address changed from 48 WOODWAY CRESCENT, HARROW, MIDDLESEX, HA1 2.

Date of Last Annual Return to Registry

04/04/2010

Accounts

The last filed accounts at Companies House are those to 31/03/2010

Accounting Reference Date

31/03

 

 

 

Operations

 

 

Activities

The general metal merchants, including export of scrap metal.

Nace Code

5152

Auditors

Malde & Co

 

 

 

Historical Rating

 

 

Date

Monthly Credit Guide

26/02/2011

42,000

26/11/2010

75,000

26/08/2010

9,250

26/05/2010

10,000

26/02/2010

9,500

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

0

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

02/11/2009

Other financial intermediation not elsewhere classified

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

Total Number of Mortgages/Charges Registered

1

Number Outstanding

1

Number Partially Satisfied

0

Number Satisfied

0

 

 

Date of Latest Mortgage Created

29/05/2009

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

05/06/2009

29/05/2009

Deposit Agreement

395

Firle Investments Limited

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

16/07/2009

Companies House Gazette

Change among directors of a company

23/04/2008

Companies House Gazette

Change among directors of a company

19/04/2008

Companies House Gazette

Change among directors of a company

 

 

 

Company Secretary

 

 

Secretary

BSP SECRETARIAL LIMITED

Service Address

99 KENTON ROAD, HARROW, MIDDLESEX, HA3 0AN.

Country of Origin

UNITED KINGDOM

Appointment Date

15/05/2009

 

 

 

Directors

 

 

Director

YOGESH SHAH

Service Address

48 WOODWAY CRESCENT, HARROW, MIDDLESEX, HA1 2NQ.

Country of Origin

UNITED KINGDOM

Date of Birth

08/06/1960

Appointment Date

04/04/2008


Director


MR SHRINIWAS BAJAJ

Service Address

10 SYCAMORE LODGE COTTAGE CLOSE, HARROW, MIDDLESEX, HA2 0HA.

Country of Origin

UNITED KINGDOM

Date of Birth

19/11/1973

Appointment Date

17/04/2008

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

25,000

Principal Shareholder

25,000 MTC Business Private Ltd

 

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

 

Holding Company

MTC Business Private Ltd, a company incorporated in INDIA

Ultimate Parent

MTC BUSINESS PRIVATE LTD, a company incorporated in INDIA

 

Financial Data– Statutory Accounts

 

 

 

Profit and Loss

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

 

 

Accounts Date

31/03/2010

31/03/2009

 

 

Currency

GBP

GBP

 

 

SALES

11363

4558

 

 

Export

11363

4558

 

 

Cost of goods sold

11000

4399

 

 

GROSS PROFIT

363

159

 

 

Directors Emoluments

50

40

 

 

Auditors Fees

6

3

 

 

Trading Profit

71

65

 

 

Depreciation

1

1

 

 

OPERATING PROFIT

70

64

 

 

Interest Payable

45

10

 

 

PRE TAX PROFIT

25

54

 

 

Taxation

7

15

 

 

PROFIT AFTER TAX

18

39

 

 

RETAINED PROFITS

18

39

 

 

 

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

 

 

Accounts Date

31/03/2010

31/03/2009

 

 

Currency

GBP

GBP

 

 

TOTAL FIXED ASSETS

4

1

 

 

Tangible Assets

4

1

 

 

Fixed Assets

4

1

 

 

TOTAL CURRENT ASSETS

1712

2082

 

 

Trade debtors

674

1622

 

 

Stocks

640

 

 

 

Other Current Assets

398

460

 

 

Misc Current Assets

256

343

 

 

Cash

142

117

 

 

TOTAL ASSETS

1716

2083

 

 

TOTAL CURRENT LIABILITIES

670

2019

 

 

Trade creditors

271

303

 

 

Short Term Loans

307

 

 

 

Due To Group

306

 

 

 

Due To Directors

1

 

 

 

Other Liabilities

92

1716

 

 

WORKING CAPITAL

1042

63

 

 

TOTAL LONG TERM LIABS

963

 

 

 

Long Term Loans

963

 

 

 

Other Finance

963

 

 

 

NET ASSETS/(LIABILITIES)

83

64

 

 

SHARE CAPITAL + RESERVES

83

64

 

 

Share Cap + Sundry Res

25

25

 

 

Issued Share Capital

25

25

 

 

Profit and Loss account

58

39

 

 

SHAREHOLDERS FUNDS

83

64

 

 

CAPITAL EMPLOYED

1046

64

 

 

 

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

 

 

Accounts Date

31/03/2010

31/03/2009

 

 

Currency

GBP

GBP

 

 

Directors Remuneration

50

40

 

 

Auditors Remuneration

6

3

 

 

Liquid Assets

816

1739

 

 

Net Working Capital

1042

63

 

 

Long Term Debt(>12 Months)

963

 

 

 

Tangible Net Worth(T.N.W)

83

64

 

 

Equity

83

64

 

 

Number of Years Trading

2

1

 

 

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/03/2010

31/03/2009

 

 

Current Ratio

2.6

1

 

 

Long Term Debt/T.N.W

11.6

 

 

 

Pre Tax Profit Margin%

0.2

1.2

 

 

Gross Profit%

3.2

3.5

 

 

Debtors Days (D.S.O)

22

130

 

 

Creditors Days (D.P.O)

9

24

 

 

Quick Ratio

1.6

1

 

 

W.I.P/Inventory Days

21.2

 

 

 

Return on Investment%

5.2

100

 

 

Return on Assets%

1.5

2.6

 

 

T.N.W/Total Assets%

4.8

3.1

 

 

Return on Capital%

2.4

84.4

 

 

Rtn on Shareholders Funds%

30.1

84.4

 

 

Working Capital/Sales%

9.2

1.4

 

 

Borrowing Ratio%

1530.1

 

 

 

Equity Gearing%

5.1

3.2

 

 

Stock Turnover

17.8

 

 

 

Days Purchases Outstanding

9

25.1

 

 

Sales/Fixed Assets

2840.8

4558

 

 

Debt Gearing

1160.2

 

 

 

 

 

 

Key Industry Sector Trends

 

 

Year

2010

2009

2008

2007

Sample Size

2755

6421

6565

6654

Pre-Tax Profit Margin

3.6

2.6

3.7

4.5

Current Ratio

1.6

1.7

1.5

1.5

Borrowing Ratio

78.6

93.6

104.6

109.1

Return on Capital

21.6

20.3

25.6

30.6

Creditors Days

53

51

54

75

 

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale of non-agricultural intermediate products, waste and scrap

 

 

 

Financial Summary

 

 

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/03/2010.

 

Turnover

Turnover increased by 149 % in the period and now totals GBP 11,363,000.

 

Operating Profit

Totalled GBP 70,000. In the year prior a Profit of GBP 64,000 was achieved.

 

Pre Tax Profit

The subject's profit decreased by 53 % over the previous year.

 

Working Capital

The company's working capital has increased by 1,554 % in the period.

 

Net Worth

Net worth was GBP 83,000.

 

Long Term Liabilities

Long term liabilities were GBP 963,000 which are 56 % of total liabilities and 92 % of capital employed.




 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.20

UK Pound

1

Rs.73.51

Euro

1

Rs.64.76

 

 

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

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

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.