MIRA INFORM REPORT

 

 

Report Date :           

29.03.2011

 

IDENTIFICATION DETAILS

 

Name :

HOPE TRADING LIMITED

 

 

Registered Office :

Solar House 282 Chase Road, London N14 6nz

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.07.2009

 

 

Date of Incorporation :

14.07.2004

 

 

Com. Reg. No.:

05179314

 

 

Legal Form :

Private limited with Share Capital           

 

 

Line of Business :

Software consultancy and supply

 

 

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

 

Maximum Credit Limit :

£ 3,000

Status :

Satisfactory

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 – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

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 summary

 

Company Name

HOPE TRADING LIMITED

Company Number

05179314

Registered Address

SOLAR HOUSE 282 CHASE ROAD

Trading Address

Solar House c/o Freemans
282 Chase Road
N14 6NZ

 

LONDON

 

 

 

 

 

N14 6NZ

 

 

 

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

14/07/2004

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

29/04/2010

Date of Change

-

Share Capital

£2

Sic Code

7222

Currency

GBP

Sic Description

OTHER SOFTWARE CONSULTANCY & SUPPLY

Principal Activity

Software consultancy and supply.

 

 

Credit Limit

 

Limit

£3,000

Previous Limit

-

Contract Limit

£6,000

 

 

 

 

Commentary

 

No exact match CCJs are recorded against the company.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth decreased by 96.6%.

A 18.6% 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 18.9% 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 negative change in the P&L Account Reserve suggests that the company made a loss after tax and other appropriations.

The company has changed its registered address recently.

The company was established over 5 years ago.

 

 

Last 3 Years Credit Limit

 

Date

Rating

Limit

31/12/2010

67

£3,000

31/12/2009

54

£2,000

31/12/2008

41

£1,000

31/12/2008

41

£1,000

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/07/2009

-

-

-£5,313

-

31/07/2008

-

-

-£2,702

-

31/07/2007

-

-

£3,376

-

 

 

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

 

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

 

Current Directors

 

Name

Mark Richard Turner

Date of Birth

05/04/1969

Officers Title

Mr

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

05/08/2004

 

 

Address

140 Eucalyptus Street,  Kfar Truman,  Modiin,

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Inbal Pony

Date of Birth

05/11/1973

Officers Title

Miss

Nationality

Israeli

Present Appointments

1

Function

Director

Appointment Date

01/01/2010

 

 

Address

Solar House 282 Chase Road,  ,  London,  N14 6NZ

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Yarona Mansoor

Date of Birth

17/09/1970

Officers Title

 

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

05/08/2004

 

 

Address

140 Eucalyptus Street,  Kfar Truman,  Modiin,

 

Other Actions

 

View Consumer Report

View Trace Report

 

 

Top 20 Shareholders

 

Name

Individual Share Value

MS YARONA MANSOOR

1 ORDINARY GBP 1.00

MARK RICHARD TURNER

1 ORDINARY GBP 1.00

 

 

Profit & Loss

 

Date Of Accounts

31/07/09

(%)

31/07/08

(%)

31/07/07

(%)

31/07/06

(%)

31/07/05

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£804

-4.5%

£842

-21.4%

£1,071

54.1%

£695

-18.8%

£856

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/07/09

(%)

31/07/08

(%)

31/07/07

(%)

31/07/06

(%)

31/07/05

Tangible Assets

£3,061

-3.1%

£3,160

-21%

£4,002

66.1%

£2,409

-17.9%

£2,934

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£3,061

-3.1%

£3,160

-21%

£4,002

66.1%

£2,409

-17.9%

£2,934

Stock

0

-

0

-

0

-

0

-

0

Trade Debtors

£2,008

54.5%

£1,300

-4.3%

£1,359

130.3%

£590

-

0

Cash

£70,962

18.9%

£59,664

19.7%

£49,853

42.8%

£34,908

297.2%

£8,788

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£72,970

19.7%

£60,964

19%

£51,212

44.3%

£35,498

303.9%

£8,788

Trade Creditors

£81,344

21.7%

£66,826

28.9%

£51,838

40.1%

£37,013

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£10,135

Total Current Liabilities

£81,344

21.7%

£66,826

28.9%

£51,838

40.1%

£37,013

265.2%

£10,135

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

31/07/09

(%)

31/07/08

(%)

31/07/07

(%)

31/07/06

(%)

31/07/05

Called Up Share Capital

£2

-

£2

-

£2

-

£2

-

£2

P & L Account Reserve

-£5,315

-96.6%

-£2,704

-180.1%

£3,374

278.3%

£892

-43.7%

£1,585

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

-£5,313

-96.6%

-£2,702

-180%

£3,376

277.6%

£894

-43.7%

£1,587

 

 

Other Financial Items

 

Date Of Accounts

31/07/09

(%)

31/07/08

(%)

31/07/07

(%)

31/07/06

(%)

31/07/05

Net Worth

-£5,313

-96.6%

-£2,702

-180%

£3,376

277.6%

£894

-43.7%

£1,587

Working Capital

-£8,374

-42.9%

-£5,862

-836.4%

-£626

58.7%

-£1,515

-12.5%

-£1,347

Total Assets

£76,031

18.6%

£64,124

16.1%

£55,214

45.7%

£37,907

223.4%

£11,722

Total Liabilities

£81,344

21.7%

£66,826

28.9%

£51,838

40.1%

£37,013

265.2%

£10,135

Net Assets

-£5,313

-96.6%

-£2,702

-180%

£3,376

277.6%

£894

-43.7%

£1,587

 

 

Cash Flow

 

Date Of Accounts

31/07/09

(%)

31/07/08

(%)

31/07/07

(%)

31/07/06

(%)

31/07/05

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/07/09

(%)

31/07/08

(%)

31/07/07

(%)

31/07/06

(%)

31/07/05

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

-£5,313

-96.6%

-£2,702

-180%

£3,376

277.6%

£894

-43.7%

£1,587

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/07/09

31/07/08

31/07/07

31/07/06

31/07/05

Pre-tax profit margin %

-

-

-

-

-

Current ratio

0.90

0.91

0.99

0.96

0.87

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

-7

-4.20

6.10

2.40

13.50

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.89

0.91

0.99

0.96

0.87

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

-15.31

-24.73

15.35

41.40

6.39

Total Debt Ratio

-15.31

-24.73

15.35

41.40

6.39

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

 

04/08/2010

Annual Returns

 

03/08/2010

Change in Reg.Office

 

06/05/2010

New Accounts Filed

 

15/01/2010

New Board Member Miss I. Pony appointed

 

19/07/2009

Annual Returns

 

16/07/2009

Change in Reg.Office

 

02/06/2009

New Accounts Filed

 

16/09/2008

Annual Returns

 

08/06/2008

New Accounts Filed

 

14/03/2008

Annual Returns

 

05/11/2007

New Accounts Filed

 

27/07/2006

New Accounts Filed

 

18/09/2004

Directors Data Refresh

 

07/09/2004

Change in Reg.Office

 

18/08/2004

QA REGISTRARS LIMITED has left the board

 

 

 

Limit History

 

Date

Limit

06/05/2010

£3,000

17/04/2010

£0

15/01/2010

£2,500

02/06/2009

£2,000

20/02/2009

£1,500

10/03/2008

£1,000

05/11/2007

£0

27/07/2006

£0

14/06/2006

£0

19/07/2004

£0

Previous Company Names

 

No Previous Names found

 

Company Name

HOPE TRADING LIMITED

Company Number

05179314

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

 

Group structure

 

No group structure

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.78

UK Pound

1

Rs.71.64

Euro

1

Rs.62.96

 

 

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.