MIRA INFORM REPORT
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Report Date : |
27.08.2011 |
IDENTIFICATION DETAILS
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Name : |
DANI ORGANIC FOODS LTD |
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Registered Office : |
1 Doughty Street, London, Wc1n 2ph. |
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Country : |
United Kingdom |
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Financials (as on) : |
30.09.2009 |
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Date of Incorporation : |
12.09.2006 |
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Com. Reg. No.: |
05931674 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Wholesalers of Organic Foods. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
GBP 4,650 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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United Kingdom |
a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Identification Details
Creditline Recommendations
Payment Behaviour
Official Company Data
Operations
Historical Rating
Previous Searches
Public Record Information
Other Filings and Notices
Company Secretary
Directors
Share Capital
Financial Data– Statutory Accounts
Profit & Loss Accounts are not available for companies categorised
as small companies under the companies act.
Balance Sheet
The following figures are shown in units
of 1000
Financial Comparison The
following figures are shown in units of 1000
Key Credit Ratios The following
figures are shown as Ratios or Percentages
Key Industry Sector Trends
Financial Summary
Auditors Qualification The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined. No Turnover The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000. No Pre-Tax Profit The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shown on the Balance Sheet is GBP 34,000 increase. This suggests that the Company may have made a post-tax profit of GBP 34,000. Working Capital The company's working capital has increased by 389 % in the period. Net Worth Net worth has increased by 227 % and now stands at GBP 49,000. Fixed Assets The subject's fixed assets reduced during the year by GBP 3,000 to GBP 16,000 and are now 6 % of total assets compared with 16 % in the previous year. Long Term Liabilities The company's long term liabilities reduced during the period by 15 % and are now 22 % of net worth compared with 87 % in the previous period. Long Term Liabilities Long term liabilities are now 5 % of total liabilities compared with 11 % in the previous period. Long Term Liabilities Long term liabilities are 18 % of capital employed, a decrease of 28 % over the previous period. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.05 |
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UK Pound |
1 |
Rs.75.20 |
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Euro |
1 |
Rs.66.48 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.