MIRA INFORM REPORT

 

 

Report Date :           

25.11.2011

 

IDENTIFICATION DETAILS

 

Name :

MULTI TRADE LINKS (UK) LTD

 

 

Registered Office :

3Rd Floor Cervanes House, 5 9 Headstone Road, Harrow, HA1 1PD

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

04.04.2008

 

 

Com. Reg. No.:

06555378

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

General metal merchants, including export of scrap metal

 

 

No. of Employees :

Not Available

 

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

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 name & address 

 

Multi Trade Links (UK) Ltd

3Rd Floor Cervanes House

5 9 Headstone Road

Harrow, HA1 1PD

United Kingdom

 

 

Synthesis  

 

Employees:                  NA

Company Type:            Private Subsidiary

Corporate Family:          2 Companies

Ultimate Parent:             Mtc Business Private Ltd.

Quoted Status:             Non-quoted Company

Incorporation Date:         04-Apr-2008

Auditor:                        Reeves & Co LLP          

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2011

Reporting Currency:       US Dollar

Annual Sales:               45.7  1

Net Income:                  0.1

Total Assets:                5.0

 

 

Business Description     

 

General metal merchants, including export of scrapmetal.

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3322 - Metal and Mineral Wholesaling

NACE 2002:      5152 - Wholesale of metals and ores

NAICS 2002:     423520 - Coal and Other Mineral and Ore Merchant Wholesalers

UK SIC 2003:    5152 - Wholesale of metals and ores

US SIC 1987:    505 - Metals and Minerals, Except Petroleum

 

           

Key Executives   

 

Name

Title

Shriniwas Bajaj

Director

Yogesh Shah

Director

Financial Summary    

 

FYE: 31-Mar-2011          USD (mil)

Key Figures      

Current Assets              5.03

Fixed Assets                 0.01

Total Liabilities               1.65

Net Worth                     0.20

 

Key Ratios       

Current Ratio                 3.04

Acid Test                      1.10

Debt Gearing                 1,611.17

 

Registered No.(UK): 06555378

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

3Rd Floor Cervanes House

5 9 Headstone Road

Harrow, HA1 1PD

Middlesex County

United Kingdom

           

Sales USD(mil):             45.7

Assets USD(mil):           5.0

Employees:                   NA

Fiscal Year End:            31-Mar-2011

Industry:                        Miscellaneous Capital Goods

Incorporation Date:         04-Apr-2008

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       06555378

Director:                        Shriniwas Bajaj

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3322     -          Metal and Mineral Wholesaling

 

NACE 2002 Codes:

5152     -          Wholesale of metals and ores

 

NAICS 2002 Codes:

423520  -          Coal and Other Mineral and Ore Merchant Wholesalers

 

US SIC 1987:

505       -          Metals and Minerals, Except Petroleum

 

UK SIC 2003:

5152     -          Wholesale of metals and ores

 

Business Description

General metal merchants, including export of scrapmetal.

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

45.7

Net Income:

0.1

Assets:

5.0

Current Assets:

5.0

 

Fixed Assets:

0.0

 

Long Term Debt:

3.2

 

Total Liabilities:

4.8

 

Issued Capital:

0.0

 

Working Capital:

3.4

 

Net Worth:

0.2

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

149.3%

NA

NA

Key Corporate Relationships

Auditor:

Reeves & Co LLP

 

Auditor:

Reeves & Co LLP

 

 

 

USD(mil)

Audit Fees:

0.0

Audit Fiscal Year:

03-31-2011

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Multi Trade Links (UK) Ltd

Multi Trade Links (UK) Ltd 
Total Corporate Family Members: 2 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Mtc Business Private Ltd.

Parent

 

 

 

 

 

 

Multi Trade Links (UK) Ltd

Subsidiary

Harrow

United Kingdom

Miscellaneous Capital Goods

45.7

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Shriniwas Bajaj

 

Director

Director/Board Member

 

Yogesh Shah

 

Director

Director/Board Member

 

 

 

Directors and Shareholders Report

 

Main Office Address:
3Rd Floor Cervanes House
5 9 Headstone Road
Harrow
United Kingdom HA1 1PD

 

Annual Return Date: 04 Apr 2011
Total Issued Capital (GBP 000): 25

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Shriniwas 
Bajaj

Current

19 Nov 1973

10 Sycamore Lodge Cottage Close, 
Harrow, Middlesex HA2 0HA

17 Apr 2008

NA

Current:1
Previous:0
Disqualifications:0

 

Yogesh 
Shah

Current

08 Jun 1960

48 Woodway Crescent, 
Harrow, Middlesex HA1 2NQ

04 Apr 2008

NA

Current:1
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Company Directors Limited

Previous

788-790 Finchley Road, 
London , London NW11 7TJ

04 Apr 2008

04 Apr 2008

 

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Kalavati 
Shah

Previous

NA

48 Woodway Crescent, 
Harrow, Middlesex HA1 2NQ

04 Apr 2008

15 May 2009

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Temple Secretaries Limited

Previous

788-790 Finchley Road, 
London , London NW11 7TJ

04 Apr 2008

04 Apr 2008

Bsp Secretarial Limited

Previous

99 Kenton Road, 
Harrow, Middlesex HA3 0AN

15 May 2009

16 Mar 2011

 

 

 

Individual Shareholders

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

MTC Business Private Limited

25000 Ordinary GBP 1.00

Ordinary

25,000

1.00

25,000.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

There are no corporate shareholders for this company.

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

USD

GBP

GBP

Exchange Rate (Period Average)

1

0.627794

0.592803

Consolidated

No

No

No

 

 

 

 

Turnover (UK)

0.0

0.0

0.0

Turnover (Exports)

45.7

18.1

7.7

Total Turnover

45.7

18.1

7.7

Cost of Sales

44.9

17.5

7.4

Gross Profit

0.7

0.6

0.3

Depreciation

0.0

0.0

0.0

Other Expenses

0.4

0.5

0.2

Operating Profit

0.3

0.1

0.1

Other Income

0.0

0.0

0.0

Interest Paid

0.3

0.1

0.0

Exceptional Income

0.0

0.0

0.0

Profit Before Taxes

0.1

0.0

0.1

Tax Payable / Credit

0.0

0.0

0.0

Extraordinary Items/Debits

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

Profit After Taxes

0.1

0.0

0.1

Minority Interests (Profit & Loss)

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

Directors Remuneration

0.1

0.1

0.1

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

Filed Currency

USD

GBP

GBP

Exchange Rate

1

0.659239

0.697666

Consolidated

No

No

No

 

 

 

 

Land & Buildings

0.0

0.0

0.0

Fixtures & Fittings

0.0

0.0

0.0

Plant & Vehicles

0.0

0.0

0.0

Total Tangible Fixed Assets

0.0

0.0

0.0

Intangible Assets

0.0

0.0

0.0

Investments

0.0

0.0

0.0

Total Fixed Assets

0.0

0.0

0.0

Stocks

-

-

0.0

Work in Progress

-

-

0.0

Total Stocks Work In Progress

3.2

1.0

0.0

Trade Debtors

0.4

1.0

2.3

Director Loans

-

0.0

-

Other Debtors

0.7

0.4

0.5

Total Debtors

1.1

1.4

2.8

Cash and Equivalents

0.7

0.2

0.2

Other Current Assets

0.0

0.0

0.0

Total Current Assets

5.0

2.6

3.0

Total Assets

5.0

2.6

3.0

Trade Creditors

1.1

0.4

0.4

Inter-Company Creditors

-

0.5

-

Director Loans (Current Liability)

-

0.0

-

Total Short Term Loans

0.1

-

-

Accruals/Deferred Income (Current Liability)

-

0.1

0.3

Social Security/VAT

-

0.0

0.0

Corporation Tax

0.0

0.0

0.0

Other Current Liabilities

0.5

0.0

2.2

Total Current Liabilities

1.7

1.0

2.9

Group Loans (Long Term Liability)

2.7

0.2

0.0

Director Loans (Long Term Liability)

0.0

-

0.0

Hire Purchase (Long Term Liability)

0.0

-

0.0

Leasing (Long Term Liability)

0.0

-

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

-

0.0

Other Long Term Loans

0.5

-

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

-

0.0

Other Long Term Liabilities

0.0

1.2

0.0

Total Long Term Liabilities

3.2

1.5

0.0

Deferred Taxation

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

Retained Earnings

0.2

0.1

0.1

Other Reserves

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

Total Shareholders Funds

0.2

0.1

0.1

Net Worth

0.2

0.1

0.1

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

USD

GBP

GBP

Exchange Rate (Period Average)

1

0.627794

0.592803

Consolidated

No

No

No

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

USD

GBP

GBP

Exchange Rate

1

0.659239

0.697666

Consolidated

No

No

No

 

 

 

 

Current Ratio

3.04

2.56

1.03

Liquidity Ratio

1.10

1.60

1.03

Stock Turnover

14.19

17.75

-

Credit Period (Days)

3.40

21.66

129.88

Working Capital by Sales

7.40%

9.18%

1.38%

Trade Credit by Debtors

2.49

0.40

0.19

Return on Capital

2.37%

2.38%

83.95%

Return on Assets

1.59%

1.45%

2.59%

Profit Margin

0.18%

0.22%

1.18%

Return on Shareholders Funds

40.56%

30.09%

83.95%

Borrowing Ratio

1,670.40%

547.72%

-

Equity Gearing

3.93%

4.82%

3.09%

Debt Gearing

1,611.17%

176.79%

-

Interest Coverage

0.29

0.55

5.61

Sales by Tangible Assets

4,399.41

3,154.50

2,843.34

Creditor Days (Cost of Sales Based)

8.60

9.01

25.11

Creditor Days (Sales Based)

8.46

8.72

24.24

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.25

UK Pound

1

Rs.81.23

Euro

1

Rs.69.83

 

 

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.