MIRA INFORM REPORT

 

 

 

 

Report Date :

05.07.2012

 

IDENTIFICATION DETAILS

 

Name :

GAMICH LLP

 

 

Registered Office :

25 Harley Street, London, W1G 9BR

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

07.09.2006

 

 

Com. Reg. No.:

OC322228

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Not Available 

 

 

No. of Employees :

Not Available 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 

 

Gamich Llp

25 Harley Street

London, W1G 9BR

United Kingdom

 

 

Registration data   

 

Employees:                   NA

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         07-Sep-2006

Auditor:                        Kingswood       

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                7.3

 

 

Financial Summary    

 

FYE: 31-Mar-2011          USD (mil)

Key Figures    

Current Assets              2.11

Fixed Assets                 5.23

Total Liabilities               0.00

Net Worth                     0.25

 

Key Ratios      

Current Ratio                 0.85

 

Registered No.(UK): OC322228

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497

 

Corporate Overview

 

Location

25 Harley Street

London, W1G 9BR

London County

United Kingdom

           

Sales GBP(mil):             NA

Assets GBP(mil):           4.6

Employees:                   NA

Fiscal Year End:            31-Mar-2011

           

Registered Address:

25 Harley Street

London , W1G 9BR

United Kingdom

 

Incorporation Date:         07-Sep-2006

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       OC322228

 

Contents

Financial Data

Key Corporate Relationships

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

4.6

Current Assets:

1.3

 

Fixed Assets:

3.3

 

Long Term Debt:

0.0

 

Working Capital:

-0.2

 

Net Worth:

0.2

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

NA

 

Key Corporate Relationships

Auditor:

Kingswood

 

Auditor:

Kingswood

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

03-31-2011

 

 

 

 

 

 

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

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Audit Fees

0.0

0.0

0.0

0.0

0.0

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.503145

0.509853

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

5.2

5.0

0.3

0.4

0.0

Investments

0.0

0.0

0.0

0.0

-

Total Fixed Assets

5.2

5.0

0.3

0.4

0.0

Trade Debtors

1.5

1.3

0.9

1.9

1.5

Cash and Equivalents

0.6

0.3

0.1

2.9

1.7

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.1

1.5

1.0

4.8

3.3

Total Assets

7.3

6.5

1.2

5.2

3.3

Trade Creditors

2.5

0.1

0.1

0.1

0.0

Bank Overdraft

0.0

0.0

0.0

0.0

0.0

Bank Loan Overdrafts

0.0

0.0

0.0

0.0

0.0

Total Short Term Loans

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

0.0

0.0

0.0

0.0

0.0

Working Capital

-0.4

1.4

0.9

4.7

3.2

Total Long Term Loans

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

4.6

6.1

0.1

0.2

0.0

Total Long Term Liabilities

4.6

6.1

0.1

0.2

0.0

Retained Earnings

0.2

0.3

1.0

4.8

3.2

Total Reserve

0.2

0.3

1.0

4.8

3.2

Total Shareholders Funds

0.2

0.3

1.0

4.8

3.2

Net Worth

0.2

0.3

1.0

4.8

3.2

 

Annual Ratios

 

 

                                                                                      

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

12 Months

12 Months

12 Months

12 Months

12 Months

Filed Currency

-

-

-

-

-

Exchange Rate

-

-

-

-

-

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

0.85

10.89

17.61

38.66

147.08

Solvency Ratio

3.39%

4.37%

84.79%

93.65%

99.32%

Current Debt Ratio

9.99

0.50

0.05

0.03

0.01

Long Term Debt Ratio

0.95

0.96

0.11

0.04

0.00

Total Debt Ratio

28.52

21.87

0.18

0.07

0.01

Debt Asset Ratio

33.85%

2.16%

4.43%

2.40%

0.68%

Working Finance

45.86%

25.22%

723.12%

2,340.53%

-

Fixed Asset Investment

0.71

0.76

0.22

0.07

0.00

Shareholder Liquidity

0.05

0.05

7.87

23.67

-

Financial Strength Ratio

19.37

32.27

17.74

38.70

147.08

Reserve Movement

-17.80%

-73.94%

-70.23%

46.95%

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.54.55

UK Pound

1

Rs.85.48

Euro

1

Rs.68.70

 

SINFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.