MIRA
INFORM REPORT
|
Report Date : |
10.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
NKD MARITIME LTD. |
|
|
|
|
Registered Office : |
Ground Floor Boundary House, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
08.04.2003 |
|
|
|
|
Com. Reg. No.: |
04727463 |
|
|
|
|
Legal Form : |
Private Independent |
|
|
|
|
Line of Business : |
Supporting water transport |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
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
|
Nkd Maritime Ltd. |
|
|
|
|
Employees: |
NA |
|
Company Type: |
Private
Independent |
|
|
|
|
Quoted Status: |
Non-quoted
Company |
|
Incorporation
Date: |
08-Apr-2003 |
|
Auditor: |
Fisher Michael |
|
Fiscal Year End:
|
31-Mar-2011 |
|
Reporting
Currency: |
British Pound
Sterling |
|
Annual Sales: |
NA |
|
Total Assets: |
18.0 |
Business Description
|
Supporting water transport. |
Industry
|
Industry |
Miscellaneous
Capital Goods |
|
ANZSIC 2006: |
3739 - Other
Goods Wholesaling Not Elsewhere Classified |
|
NACE 2002: |
5114 - Agents
involved in the sale of machinery, industrial equipment, ships and aircraft |
|
NAICS 2002: |
425120 -
Wholesale Trade Agents and Brokers |
|
|
5114 - Agents
involved in the sale of machinery, industrial equipment, ships and aircraft |
|
US SIC 1987: |
5099 - Durable
Goods, Not Elsewhere Classified |
Key Executives
|
Financial Summary
|
||||||||||||||||||||
Registered No.(UK
04727463
Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939
Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497
|
||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||
Industry
Codes
|
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
Business Description
|
|
|||||
|
|
|
|
|
|
Financial
Data
|
|
|||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
|
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 |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
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 |
|
|
|
|
|
|
|
|
Depreciation |
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 |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.7 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
0.8 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Stocks |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Stocks Work In Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans |
0.4 |
0.0 |
- |
- |
- |
|
Other Debtors |
15.7 |
1.5 |
- |
- |
- |
|
Total Debtors |
16.1 |
1.5 |
1.6 |
1.4 |
0.1 |
|
Cash and Equivalents |
1.1 |
0.5 |
0.7 |
0.1 |
0.8 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
17.2 |
2.0 |
2.4 |
1.5 |
1.0 |
|
Total Assets |
18.0 |
2.1 |
2.4 |
1.5 |
1.0 |
|
Other Current Liabilities |
17.6 |
2.1 |
2.0 |
0.8 |
0.7 |
|
Total Current Liabilities |
17.6 |
2.1 |
2.0 |
0.8 |
0.7 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.4 |
0.4 |
0.5 |
0.3 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
0.4 |
-0.4 |
0.0 |
0.1 |
0.0 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
0.4 |
0.0 |
0.4 |
0.7 |
0.3 |
|
Net Worth |
0.4 |
0.0 |
0.3 |
0.7 |
0.3 |
Annual Cash Flows
|
|
|
|
|
Financials in: USD
(mil) |
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
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 |
|
|
|
|
|
|
|
Annual Ratios
|
|
|
|
|
Financials in:
USD (mil) |
|
|
|
|
|
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
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 |
|
|
|
|
|
|
|
|
Current Ratio |
0.98 |
0.97 |
1.17 |
1.77 |
1.41 |
|
Liquidity Ratio |
0.98 |
0.97 |
1.17 |
1.77 |
1.41 |
|
Equity Gearing |
2.42% |
2.17% |
16.23% |
44.69% |
28.95% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.46 |
|
|
1 |
Rs.86.27 |
|
Euro |
1 |
Rs.69.40 |
INFORMATION DETAILS
|
Report Prepared by
: |
PDT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.