MIRA INFORM REPORT

 

 

Report Date :           

30.03.2012

 

IDENTIFICATION DETAILS

 

Name :

INFODESK LIMITED

 

 

Formerly Known As :

INFODESK, LTD

 

 

Registered Office :

48 High Street, Haslemere, Surrey, Gu27 2la.

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

18.06.2008

 

 

Com. Reg. No.:

06622617

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Small Company 

 

 

Payment Behaviour :

Unknown

 

 

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 Identification Details

 

Subject Reported on

INFODESK LIMITED

Registration Number

06622617

Address

48 HIGH STREET, HASLEMERE, SURREY, GU27 2LA.

 

 

Official Company Data

 

Legal Form

Private Limited

Registration Number

06622617

Subject Status

Trading

Date of Incorporation

18/06/2008

Registered Office

48 HIGH STREET, HASLEMERE, SURREY, GU27 2LA.

History

16/11/2010 : The Registered Office address changed from 7 PETWORTH ROAD, HASLEMERE, SURREY GU27 2JB,.

 

27/10/2008 : Change of name from INFODESK, LTD.

Date of Last Annual Return to Registry

18/06/2011

Accounts

The last filed accounts at Companies House are those to 30/06/2011

Accounting Reference Date

30/06

 

 

Operations

 

Nace Code

9305

 

 

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

 

27/10/2008

Companies House Gazette

Alteration in memorandum or articles of association

 

 

Company Secretary

 

Secretary

JOSEPH GALLO

Service Address

SUITE 300 660 WHITE PLAINS ROAD, TARRYTOWN, NEW YORK 10591.

Appointment Date

18/06/2008

 

 

Directors

 

Chief Executive

STERLING STITES

Service Address

SUITE 300 660 WHITE PLAINS ROAD, TARRYTOWN, NEW YORK, 10 591.

Date of Birth

09/10/1955

Appointment Date

18/06/2008

 

 

Share Capital

 

Shares

Ordinary GBP 1.00

Issued Number

2

Principal Shareholder

2 Infodesk Inc

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

Holding Company

Infodesk Inc, a company incorporated in USA

 

 

Financial Data– Statutory Accounts

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

 

Accounts Date

30/06/2011

30/06/2010

30/06/2009

 

Currency

GBP

GBP

GBP

 

TOTAL CURRENT ASSETS

12

31

30

 

Other Current Assets

12

31

30

 

Cash

12

31

30

 

TOTAL ASSETS

12

31

30

 

TOTAL CURRENT LIABILITIES

279

199

78

 

Trade creditors

279

199

78

 

WORKING CAPITAL

(267)

(168)

(48)

 

NET ASSETS/(LIABILITIES)

(267)

(168)

(48)

 

SHARE CAPITAL + RESERVES

(267)

(168)

(48)

 

Share Cap + Sundry Res

19

19

19

 

Profit and Loss account

(286)

(187)

(67)

 

SHAREHOLDERS FUNDS

(267)

(168)

(48)

 

CAPITAL EMPLOYED

(267)

(168)

(48)

 

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

 

Accounts Date

30/06/2011

30/06/2010

30/06/2009

 

Currency

GBP

GBP

GBP

 

Liquid Assets

12

31

30

 

Net Working Capital

(267)

(168)

(48)

 

Tangible Net Worth(T.N.W)

(267)

(168)

(48)

 

Equity

(267)

(168)

(48)

 

Number of Years Trading

3

2

1

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

30/06/2011

30/06/2010

30/06/2009

 

Current Ratio

 

0.2

0.4

 

Quick Ratio

 

0.2

0.4

 

T.N.W/Total Assets%

(2225)

(541.9)

(160)

 

Equity Gearing%

(95.7)

(84.4)

(61.5)

 

 

 

Key Industry Sector Trends

 

Year

2012

2011

2010

2009

Sample Size

106

36038

56929

53409

Pre-Tax Profit Margin

25.5

11.1

10

11.1

Current Ratio

1.8

1.5

1.4

1.5

Borrowing Ratio

(150)

24.4

4.4

5

Return on Capital

94.3

57

58.1

63.9

Creditors Days

50

170

200

187

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Other service activities

 

 

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 shownon the Balance Sheet is GBP 99,000 decrease. This suggests that the Company may have made a post-tax loss of GBP 99,000.

 

Working Capital

The company's working capital deficiency increased in the period and now totals GBP 267,000.

 




FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.15

UK Pound

1

Rs.81.41

Euro

1

Rs.68.22

 

 

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.