MIRA INFORM REPORT

Report Date :

30.06.2011

IDENTIFICATION DETAILS

Name :	LENDAK LIMITED

Formerly Known As :	INTERGLOBE TRADERS LIMITED

Registered Office :	15 Woodridge Way Northwood Middlesex HA6 2BE

Country :	United Kingdom

Financials (as on) :	31.03.2010

Date of Incorporation :	24.02.1984

Legal Form :	Private limited with Share Capital

Line of Business :	Confirmers, importers and commission agents

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	£1,500

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 31^st, 2011

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

REGISTERED NAME & COMPANY SUMMARY

Company Name	LENDAK LIMITED	Company Number	01794868
Registered Address	15 WOODRIDGE WAY	Trading Address	15 Woodridge Way Northwood HA6 2BE
	NORTHWOOD
	MIDDLESEX
	HA6 2BE

Website Address	-
Telephone Number	-	Fax Number
TPS	-	FPS	No
Incorporation Date	24/02/1984	Company Status	Active - Accounts Filed
Previous Name	INTERGLOBE TRADERS LIMITED	Type	Private limited with Share Capital
		Filing Date of Accounts	01/12/2010
Date of Change	09/04/1984	Share Capital	£1,000
Sic Code	5190	Currency	GBP
Sic Description	OTHER WHOLESALE
Principal Activity	Confirmers, importers and commission agents.

CREDIT recommendation

Current Credit Limit: £1,500

DIRECTORS/MANAGEMENT

Total Current Directors	1
Total Current Secretaries	0
Total Previous Directors / Company Secretaries	3

Current Directors

Name	Marie Therese Picardo	Date of Birth	29/05/1955
Officers Title	Ms	Nationality	British
Present Appointments	4	Function	Director
Appointment Date	10/11/1991
Address	15 Woodridge Way, , Northwood, HA6 2BE

Current Company Secretary

Top 20 Shareholders

Name	Individual Share Value
MARIE THERESE PICARDO	999 ORDINARY GBP 1.00
LEONARD SEBASTIAN PICARDO	1 ORDINARY GBP 1.00

NEGATIVE INFORMATION

CCJ

Total Number of Exact CCJs -	0	Total Value of Exact CCJs -
Total Number of Possible CCJs -	0	Total Value of Possible CCJs -
Total Number of Satisfied CCJs -	0	Total Value of Satisfied CCJs -
Total Number of Writs -	0

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

Mortgage Summary

Outstanding	0
Satisfied	0

SHARE & SHARE CAPITAL INFORMATION

PAYMENT INFORMATION

GROUP STRUCTURE & AFFILIATED COMPANIES

Group Structure Summary

Company Name	LENDAK LIMITED	Company Number	01794868
Holding Company	-	Ownership Status
Ultimate Holding Company	-	Companies in group	-

Group structure

No group structure

FINANCIAL INFORMATION

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder Funds	Employees
31/03/2010	-	-	£32,854	-
31/03/2009	-	-	£31,534	-
31/03/2008	-	-	£27,354	-

Profit & Loss

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07	(%)	31/03/06
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	£21,682	543.2%	£3,371
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-£4,647
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	£11,813	356.1%	-£4,612
Taxation	-	-	-	-	-	-	-£1,194	-	-
Profit After Tax	-	-	-	-	-	-	£10,619	330.2%	-£4,612
Dividends Payable	-	-	-	-	-	-	£4,000	-	-
Retained Profit	-	-	-	-	-	-	£6,619	243.5%	-£4,612

Balance Sheet

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07	(%)	31/03/06
Tangible Assets	0	-	0	-	0	-	0	-	0
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	0	-	0	-	0	-	0	-	0
Stock	0	-	0	-	0	-	0	-	0
Trade Debtors	£2,461	-59.5%	£6,076	-11.7%	£6,878	-11.7%	£7,786	-	0
Cash	£35,733	22.8%	£29,100	-9.5%	£32,147	55.8%	£20,636	31.8%	£15,656
Other Debtors	0	-	0	-	0	-	0	-100%	£549
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£38,194	8.6%	£35,176	-9.9%	£39,025	37.3%	£28,422	75.4%	£16,205
Trade Creditors	£5,340	46.6%	£3,642	-68.8%	£11,671	-	0	-	0
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-100%	£4,666	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-100%	£2,106	79.4%	£1,174
Total Current Liabilities	£5,340	46.6%	£3,642	-68.8%	£11,671	72.3%	£6,772	476.8%	£1,174
Bank Loans & Overdrafts and LTL	0	-	0	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	0	-	0	-	0	-	0	-	0

Capital & Reserves

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07	(%)	31/03/06
Called Up Share Capital	£1,000	-	£1,000	-	£1,000	-	£1,000	-	£1,000
P & L Account Reserve	£31,854	4.3%	£30,534	15.9%	£26,354	27.6%	£20,650	47.2%	£14,031
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£32,854	4.2%	£31,534	15.3%	£27,354	26.3%	£21,650	44%	£15,031

Other Financial Items

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07	(%)	31/03/06
Net Worth	£32,854	4.2%	£31,534	15.3%	£27,354	26.3%	£21,650	44%	£15,031
Working Capital	£32,854	4.2%	£31,534	15.3%	£27,354	26.3%	£21,650	44%	£15,031
Total Assets	£38,194	8.6%	£35,176	-9.9%	£39,025	37.3%	£28,422	75.4%	£16,205
Total Liabilities	£5,340	46.6%	£3,642	-68.8%	£11,671	72.3%	£6,772	476.8%	£1,174
Net Assets	£32,854	4.2%	£31,534	15.3%	£27,354	26.3%	£21,650	44%	£15,031

Cash Flow

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07	(%)	31/03/06
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/10	(%)	31/03/09	(%)	31/03/08	(%)	31/03/07	(%)	31/03/06
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£32,854	4.2%	£31,534	15.3%	£27,354	26.3%	£21,650	44%	£15,031
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/03/10	31/03/09	31/03/08	31/03/07	31/03/06
Pre-tax profit margin %	-	-	-	54.48	-136.81
Current ratio	7.15	9.66	3.34	4.20	13.80
Sales/Net Working Capital	-	-	-	1	-
Gearing %	0	0	0	0	0
Equity in %	86	89.60	70.10	76.20	92.80
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	130.71	-
Liquidity/Acid Test	7.15	9.65	3.34	4.20	13.80
Return On Capital Employed %	-	-	-	54.56	-30.68
Return On Total Assets Employed %	-	-	-	41.56	-28.46
Current Debt Ratio	0.16	0.11	0.42	0.31	0.08
Total Debt Ratio	0.16	0.11	0.42	0.31	0.08
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	54.56	-30.68

FOREIGN EXCHANGE RATES

ADDITIONAL INFORMATION

No exact match CCJs are recorded against the company.
The company's credit rating has increased from 49 to 57 which indicates good creditworthiness.
The credit limit on this company has risen 50% in comparison to the previously suggested credit limit.
There is insufficient data to indicate a change in this companies percentage of sales.
In the previous 12 month trading period Net Worth increased by 4.2%.
A 8.6% growth in Total Assets occurred in the previous 12 month trading period.
There is insufficient data to indicate a change in this companies pre-tax profit.
The company saw an increase in their Cash Balance of 22.8% in the previous 12 month trading period.
The company is exempt from audit.
The company has undergone recent changes in its directorships.
The company is not part of a group.
The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.
The company was established over 27 years ago.

Status History

No Status History found

Event History

Date	Description
07/12/2010	New Accounts Filed	View Document
23/11/2010	Annual Returns	View Document
22/11/2010	Mr L.S. Picardo has resigned as company secretary	View Document
29/12/2009	Annual Returns	View Document
22/12/2009	New Accounts Filed	View Document
18/11/2009	Annual Returns	View Document
16/01/2009	New Accounts Filed	View Document
23/11/2008	Annual Returns	View Document
28/11/2007	Annual Returns	View Document
28/11/2007	New Accounts Filed	View Document
08/02/2007	New Accounts Filed	View Document
20/01/2006	New Accounts Filed	View Document
15/02/2005	New Accounts Filed	View Document
09/12/2004	Annual Returns	View Document
05/05/2004	New Accounts Filed	View Document

Previous Company Names

Date	Previous Name	Companies House Documents
09/04/1984	INTERGLOBE TRADERS LIMITED	View Document

NOTES & COMMENTS

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.44.94
UK Pound	1	Rs.71.91
Euro	1	Rs.64.60

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
--	NB	New Business	--

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.