MIRA INFORM REPORT
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Report Date : |
13.05.2011 |
IDENTIFICATION DETAILS
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Name : |
SONAGOLD LIMITED |
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Registered Office : |
1st Floor, 37 Panton Street, London, Sw1y
4ea. |
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Country : |
United Kingdom |
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Financials (as on) : |
31.08.2009 |
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Date of Incorporation : |
23.04.2002 |
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Com. Reg. No.: |
04422234 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Miscellaneous business activities |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
GBP 7,500 |
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Status : |
Small Company |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
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
Subject Reported
on SONAGOLD LIMITED
Registration
Number 04422234
Creditline Recommendations
Monthly Credit
Guide GBP 7,500
Payment
Behaviour
( No Payment
Analysis Data is Available )
Official
Company Data
|
Legal Form |
Private Limited |
|
Registration Number |
04422234 |
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Subject Status |
Trading |
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Date of Incorporation |
23/04/2002 |
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Registered Office |
1ST FLOOR, 37 PANTON STREET, LONDON, SW1Y 4EA. |
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History |
24/03/2007 : The
Registered Office address changed from FIFTH FLOOR KINGMAKER HOUSE, STATION
ROAD, NE. |
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|
28/03/2003 : The
Registered Office address changed from 43 CHASE SIDE, SOUTHGATE, LONDON, N14
5BP. |
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22/06/2002 : The
Registered Office address changed from 16-18 WOODFORD ROAD, LONDON, E7 0HA. |
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Date of Last
Annual Return to Registry |
01/12/2010 |
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Accounts |
The last filed accounts at Companies House are those to 31/08/2009 |
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Accounting
Reference Date |
31/08 |
Operations
Activities
Nace Code 7487
Auditors RKG Consulting Ltd
Historical
Rating
Date Monthly
Credit Guide
13/05/2011 7,500
13/02/2011 7,500
13/11/2010 7,500
13/08/2010 7,500
13/05/2010 3,750
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
Public Record Information
Summary of
CCJ's/Scottish Decrees
No CCJs/Scottish
Decrees are recorded in our file.
Other Filings and Notices
|
Date |
Source |
Description |
|
04/02/2010 |
Companies House Gazette |
Notification of any change among the company's directors |
|
12/12/2008 |
Companies House Gazette |
Change among directors of a company |
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11/12/2008 |
Companies House Gazette |
Change among directors of a company |
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07/04/2007 |
Companies House Gazette |
Change among directors of a company |
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24/03/2007 |
Companies House Gazette |
Change among directors of a company |
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17/11/2004 |
Companies House Gazette |
Change among directors of a company |
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16/09/2004 |
Companies House Gazette |
Change among directors of a company |
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05/08/2004 |
Companies House Gazette |
Change among directors of a company |
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26/06/2002 |
Companies House Gazette |
Change among directors of a company |
|
22/06/2002 |
Companies House Gazette |
Change among directors of a company |
Company
Secretary
Secretary RKG TRUSTEE
SERVICES LIMITED
Service Address 37 PANTON STREET,
LONDON, SW1Y 4EA.
Country of Origin INDIA
Appointment Date 01/12/2009
Directors
Director SOMDEV GUPTA
Service Address 1ST FLOOR, 37
PANTON STREET, LONDON, SW1Y 4EA.
Country of Origin INDIA
Date of Birth 01/07/1971
Appointment Date 01/01/2010
Share
Capital
Shares Ordinary GBP 1.00
Issued Number 100
Principal
Shareholder 100 Somdev
Gupta
The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.
Financial Data– Statutory Accounts
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Balance Sheet
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The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
52 |
52 |
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Accounts Date |
31/08/2009 |
31/08/2008 |
31/08/2007 |
31/08/2006 |
|
Currency |
USD |
USD |
USD |
GBP |
|
TOTAL CURRENT ASSETS |
414 |
205 |
203 |
135 |
|
Trade debtors |
368 |
200 |
200 |
116 |
|
Other Current Assets |
46 |
5 |
3 |
19 |
|
Cash |
46 |
5 |
3 |
19 |
|
TOTAL ASSETS |
414 |
205 |
203 |
135 |
|
TOTAL CURRENT LIABILITIES |
389 |
182 |
185 |
130 |
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Trade creditors |
389 |
182 |
185 |
130 |
|
WORKING CAPITAL |
25 |
23 |
18 |
5 |
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TOTAL LONG TERM LIABS |
|
5 |
5 |
|
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NET ASSETS/(LIABILITIES) |
25 |
18 |
13 |
5 |
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SHARE CAPITAL + RESERVES |
25 |
18 |
13 |
5 |
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Profit and Loss account |
25 |
18 |
13 |
5 |
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SHAREHOLDERS FUNDS |
25 |
18 |
13 |
5 |
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CAPITAL EMPLOYED |
25 |
23 |
18 |
5 |
Financial Comparison
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/08/2009 |
31/08/2008 |
31/08/2007 |
31/08/2006 |
|
Currency |
USD |
USD |
USD |
GBP |
|
Liquid Assets |
414 |
205 |
203 |
135 |
|
Net Working Capital |
25 |
23 |
18 |
5 |
|
Other Deferred Liabs |
|
5 |
5 |
|
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Tangible Net Worth(T.N.W) |
25 |
18 |
13 |
5 |
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Equity |
25 |
18 |
13 |
5 |
|
Number of Years Trading |
7 |
6 |
5 |
4 |
Key Credit Ratios
The following
figures are shown as Ratios or Percentages
|
Accounts Date |
31/08/2009 |
31/08/2008 |
31/08/2007 |
31/08/2006 |
|
Current Ratio |
1.1 |
1.1 |
1.1 |
1 |
|
Quick Ratio |
1.1 |
1.1 |
1.1 |
1 |
|
T.N.W/Total Assets% |
6 |
8.8 |
6.4 |
3.7 |
|
Equity Gearing% |
6.4 |
9.6 |
6.8 |
3.8 |
Key Industry Sector Trends
|
Year |
2011 |
2010 |
2009 |
2008 |
|
Sample Size |
1209 |
99999 |
99999 |
99999 |
|
Pre-Tax Profit Margin |
28.4 |
16.8 |
13.3 |
16.5 |
|
Current Ratio |
1.7 |
1.7 |
1.9 |
1.8 |
|
Borrowing Ratio |
59.6 |
33.5 |
39 |
44.6 |
|
Return on Capital |
214.4 |
71.2 |
48.3 |
58.1 |
|
Creditors Days |
151 |
274 |
273 |
216 |
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Above figures relate to companies in 2003 Standard Industry Classification
(Nace) sector : Miscellaneous business activities not elsewhere classified |
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 USD
7,000 increase. This suggests that the Company may have made a post-tax profit
of USD 7,000.
Working Capital
The subject's
working capital has improved by 2,000 in the period.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.79 |
|
UK Pound |
1 |
Rs.73.19 |
|
Euro |
1 |
Rs.63.59 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.