MIRA INFORM REPORT

 

 

Report Date :

10.10.2011

 

IDENTIFICATION DETAILS

 

Name :

NIKASU FOODS (UK) LTD.

 

 

Registered Office :

67 Davidson Road Croydon, CR0 6DL

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.07.2010

 

 

Date of Incorporation :

09.07.2008

 

 

Com. Reg. No.:

06642373

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Non-specialised wholesale of food, beverages and tobacco

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Poor

 

 

Payment Behaviour :

Unknown

 

 

Litigation :

--

 

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

 

Country Name

Previous Rating

(31.12.2010)

Current Rating

(31.03.2011)

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 and address

 

Top of Form

Bottom of Form

Nikasu Foods (Uk) Ltd.

                                                                                                                                                   

 

67 Davidson Road

 

 

Croydon, CR0 6DL

United Kingdom

Map

 

Suggest Company URL

 

Employees:

NA

Company Type:

Private Independent

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

09-Jul-2008

Financials in:

USD (mil)

 

 

Fiscal Year End:

31-Jul-2010

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

0.0

                                      

Business Description       

 

Wholesale, Retail; Certain Repair

   

Industry                                

 

Industry

Food Processing

ANZSIC 2006:

3609 - Other Grocery Wholesaling

NACE 2002:

5139 - Non-specialised wholesale of food, beverages and tobacco

NAICS 2002:

424490 - Other Grocery and Related Products Merchant Wholesalers

UK SIC 2003:

5139 - Non-specialised wholesale of food, beverages and tobacco

US SIC 1987:

5149 - Groceries and Related Products, Not Elsewhere Classified

                      

Key Executives           

   

 

Name

Title

Sujith Radhakrishna Menon

Director

Nisha Sujith Menon

Director

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6371955
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6385288

 

 

Corporate Overview

 

Location
67 Davidson Road
Croydon, CR0 6DL
London County
United Kingdom

 

 

 

Suggest Company URL

Sales GBP(mil):

NA

Assets GBP(mil):

0.0

Employees:

NA

Fiscal Year End:

31-Jul-2010

 

Industry:

Food Processing

Registered Address:
67 Davidson Road
Surrey
Croydon, CR0 6DL
United Kingdom

 

Incorporation Date:

09-Jul-2008

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(UK):

06642373

 

Director:

Sujith Radhakrishna Menon

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

Industry Codes

 

ANZSIC 2006 Codes:

3609

-

Other Grocery Wholesaling

 

NACE 2002 Codes:

5139

-

Non-specialised wholesale of food, beverages and tobacco

 

NAICS 2002 Codes:

424490

-

Other Grocery and Related Products Merchant Wholesalers

 

US SIC 1987:

5149

-

Groceries and Related Products, Not Elsewhere Classified

 

UK SIC 2003:

5139

-

Non-specialised wholesale of food, beverages and tobacco

 

 

Business Description

Wholesale, Retail; Certain Repair

 

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Assets:

0.0

Current Assets:

0.0

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Issued Capital:

NaN

 

Working Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

31-Jul-2010

 

1 Year Growth

NA

 

 

 

Key Corporate Relationships

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

07-31-2010

 

 

 

 

 

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

Nisha Sujith Menon

 

Director

Director/Board Member

Sujith Radhakrishna Menon

 

Director

Director/Board Member

 

Executives

 

Name

Title

Function

Sujith Radhakrishna Menon

 

Director

Company Secretary

 

 

Directors and Shareholders Report

 

Main Office Address:
67 Davidson Road
Croydon
United Kingdom CR0 6DL

 

Annual Return Date: 09 Jul 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Nisha Sujith
Menon

Current

10 May 1978

67 Davidson Road,
Croydon, London CR0 6DL

30 Apr 2009

NA

Current:1
Previous:0
Disqualifications:0

 

Surendra Nath
Upadhyaya

Previous

NA

40 Portrush Court, Whitecote Road,
Southall, Middlesex UB1 3NR

09 Jul 2008

30 Apr 2009

Current:0
Previous:2
Disqualifications:0

 

Kesava Karunakaran
Pillai

Previous

NA

Sunika Loyal School Road, Vennala. P. O,
Ernakulam, Kerala 682 028

09 Jul 2008

02 May 2009

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Sujith Radhakrishna
Menon

Current

NA

67 Davidson Road,
Croydon, London CR0 6DL

30 Apr 2009

NA

Current:1
Previous:0
Disqualifications:0

 

Surendra Nath
Upadhyaya

Previous

NA

40 Portrush Court, Whitecote Road,
Southall, Middlesex UB1 3NR

09 Jul 2008

30 Apr 2009

Current:0
Previous:2
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Nisha Sujith Menon

90 Ordinary GBP 1.00

Ordinary

90

1.00

90.00

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)

 

 

 

 

 

  Financial Glossary

 

 

 

31-Jul-2010

31-Jul-2009

Period Length

12 Months

12 Months

Filed Currency

GBP

GBP

Exchange Rate (Period Average)

0.637195

0.636663

Consolidated

No

No

 

 

 

Audit Fees

0.0

0.0

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

31-Jul-2010

31-Jul-2009

Filed Currency

GBP

GBP

Exchange Rate

0.638529

0.603191

Consolidated

No

No

 

 

 

Total Tangible Fixed Assets

0.0

0.0

Total Fixed Assets

0.0

0.0

Trade Debtors

0.0

0.0

Cash and Equivalents

0.0

-

Other Current Assets

0.0

0.0

Total Current Assets

0.0

0.0

Total Assets

0.0

0.0

Trade Creditors

0.0

-

Bank Overdraft

0.0

0.0

Bank Loan Overdrafts

0.0

0.0

Director Loans

-

0.0

Total Short Term Loans

0.0

0.0

Other Current Liabilities

0.0

0.0

Total Current Liabilities

0.0

0.0

Working Capital

0.0

0.0

Total Long Term Loans

0.0

0.0

Other Long Term Liabilities

0.0

0.0

Total Long Term Liabilities

0.0

0.0

Issued Capital

0.0

-

Retained Earnings

0.0

0.0

Total Reserve

0.0

0.0

Total Shareholders Funds

0.0

0.0

Net Worth

0.0

0.0

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

  Financial Glossary

 

 

 

31-Jul-2010

31-Jul-2009

Period Length

12 Months

12 Months

Filed Currency

GBP

GBP

Exchange Rate (Period Average)

0.637195

0.636663

Consolidated

No

No

 

 

 

Paid Up Equity

0.0

0.0

 

 

 

Annual Ratios

 

 

 

 

 

 

31-Jul-2010

31-Jul-2009

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Current Ratio

1.17

0.07

Solvency Ratio

-2,571.14%

-179.04%

Current Debt Ratio

-0.02

-1.56

Long Term Debt Ratio

44.47

0.00

Total Debt Ratio

-1.04

-1.56

Debt Asset Ratio

40.86%

279.04%

Working Finance

1.81%

-

Fixed Asset Investment

0.52

0.82

Shareholder Liquidity

-0.98

-

Financial Strength Ratio

0.14

0.07

Reserve Movement

2,163.83%

-

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.14

UK Pound

1

Rs.75.97

Euro

1

Rs.65.99

 

 

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.