MIRA
INFORM REPORT
|
Report Date : |
02.05.2013 |
|
|
|
|
Tel. No.: |
+44 797651511 |
Important note:
The above given address is non-registered trading address.
IDENTIFICATION DETAILS
|
Name : |
GGP GOLD LTD
|
|
|
|
|
Registered Office : |
1 Agincourt Villas, Uxbridge Road , Uxbridge, Ub10 0nx |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.07.2011 |
|
|
|
|
Date of Incorporation : |
11.06.2007 |
|
|
|
|
Com. Reg. No.: |
06275317 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Non-Specialised Wholesale Trade |
|
|
|
|
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 : |
Slow but Correct |
|
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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United Kingdom ECONOMIC OVERVIEW
The UK, a leading
trading power and financial center, is the second largest economy in Europe
after Germany. Over the past two decades, the government has greatly reduced
public ownership and contained the growth of social welfare programs.
Agriculture is intensive, highly mechanized, and efficient by European
standards, producing about 60% of food needs with less than 2% of the labor
force. The UK has large coal, natural gas, and oil resources, but its oil and
natural gas reserves are declining and the UK became a net importer of energy
in 2005. Services, particularly banking, insurance, and business services,
account by far for the largest proportion of GDP while industry continues to decline
in importance. After emerging from recession in 1992, Britain's economy enjoyed
the longest period of expansion on record during which time growth outpaced
most of Western Europe. In 2008, however, the global financial crisis hit the
economy particularly hard, due to the importance of its financial sector.
Sharply declining home prices, high consumer debt, and the global economic
slowdown compounded Britain's economic problems, pushing the economy into
recession in the latter half of 2008 and prompting the then BROWN (Labour)
government to implement a number of measures to stimulate the economy and
stabilize the financial markets; these include nationalizing parts of the
banking system, temporarily cutting taxes, suspending public sector borrowing
rules, and moving forward public spending on capital projects. Facing
burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition
government (between Conservatives and Liberal Democrats) initiated a five-year
austerity program, which aimed to lower London's budget deficit from over 10%
of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the
Exchequer George OSBORNE announced additional austerity measures through 2017
because of slower-than-expected economic growth and the impact of the euro-zone
debt crisis. The CAMERON government raised the value added tax from 17.5% to
20% in 2011. It has pledged to reduce the corporation tax rate to 21% by 2014.
The Bank of England (BoE) implemented an asset purchase program of up to £375 billion
(approximately $605 billion) as of December 2012. During times of economic
crisis, the BoE coordinates interest rate moves with the European Central Bank,
but Britain remains outside the European Economic and Monetary Union (EMU). In
2012, weak consumer spending and subdued business investment weighed on the
economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7%
of GDP. Public debt continued to increase.
|
Source : CIA |
REGISTERED NAME & COMPANY
SUMMARY
Summary – Company
Information
|
Company Name |
GGP GOLD LTD |
Company Number |
06275317 |
|
Registered Address |
1 AGINCOURT VILLAS |
Trading Address |
1 Agincourt Villas |
|
|
UXBRIDGE ROAD |
|
|
|
|
UXBRIDGE |
|
|
|
|
UB10 0NX |
|
|
|
Website Address |
- |
|
|
|
Telephone Number |
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation Date |
11/06/2007 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
21/04/2012 |
|
|
|
Share Capital |
£100 |
|
SIC03 |
5190 |
Currency |
GBP |
|
SIC03 Description |
OTHER WHOLESALE |
||
|
SIC07 |
46900 |
||
|
SIC07 Description |
NON-SPECIALISED WHOLESALE TRADE |
||
DIRECTORS/MANAGEMENT
Directors
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
2 |
Current Directors
|
Name |
Date of Birth |
23/06/1955 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
7 |
Function |
Director |
|
Appointment Date |
11/06/2007 |
|
|
|
Address |
1 Agincourt Villas, Uxbridge Road, Uxbridge,
Middlesex, UB10 0NX |
||
|
|
|
|
|
|
Name |
Date of Birth |
26/12/1987 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
11/06/2007 |
|
|
|
Address |
1 Agincourt Villas, Uxbridge Road, Uxbridge,
Middlesex, UB10 0NX |
||
|
|
|
|
|
Current Company
Secretary
|
Name |
Date of Birth |
23/06/1955 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
7 |
Function |
Company
Secretary |
|
Appointment Date |
11/06/2007 |
|
|
|
Address |
1 Agincourt Villas, Uxbridge Road, Uxbridge,
Middlesex, UB10 0NX |
||
NEGATIVE INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
|
|
Exact CCJ Details
There are no exact CCJ details
Possible CCJ Details
There are no possible CCJ details
Writ Details
There are no writ details
Mortgage Summary
|
Outstanding |
0 |
|
Satisfied |
0 |
SHARE & SHARE CAPITAL
INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
THANGARAJ RAVINDRAN |
GBP |
67 |
ORDINARY |
1 |
67 |
|
MARY PIUS |
GBP |
33 |
ORDINARY |
1 |
33 |
PAYMENT INFORMATION
Summary – Payment
History
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/07/2011 |
- |
- |
£5,651 |
- |
|
30/06/2010 |
- |
- |
£425 |
- |
|
30/06/2009 |
- |
- |
- |
- |
Payment
Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average
Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to leave a payment experience
|
|
GROUP STRUCTURE & AFFILIATED
COMPANIES
Group
Structure
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
No group structure
FINANCIAL INFORMATION
Financials
Profit & Loss
|
|
Date Of Accounts |
31/07/11 |
|
30/06/10 |
|
30/06/09 |
|
30/06/08 |
|
- |
|
|
Weeks |
57 |
|
52 |
|
52 |
|
55 |
|
- |
|
|
Currency |
GBP |
|
GBP |
|
GBP |
|
GBP |
|
- |
|
|
Consolidated A/cs |
N |
|
N |
|
N |
|
N |
|
- |
|
|
Turnover |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Export |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Cost of Sales |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Gross Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Wages & Salaries |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Directors Emoluments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Operating Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Depreciation |
£2,950 |
|
- |
|
- |
|
- |
|
- |
|
|
Audit Fees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Interest Payments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Pre Tax Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Taxation |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Profit After Tax |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Dividends Payable |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Retained Profit |
- |
|
- |
|
- |
|
- |
|
- |
Balance Sheet
|
|
Date Of Accounts |
31/07/11 |
|
30/06/10 |
|
30/06/09 |
|
30/06/08 |
|
- |
|
|
Tangible Assets |
£11,801 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Intangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Fixed Assets |
£11,801 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Stock |
£293,076 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Trade Debtors |
£554,863 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Cash |
£1,615 |
|
£805 |
|
0 |
|
0 |
|
- |
|
|
Other Debtors |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Miscellaneous Current Assets |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Current Assets |
£849,554 |
|
£805 |
|
0 |
|
0 |
|
- |
|
|
Trade Creditors |
£848,348 |
|
£380 |
|
0 |
|
0 |
|
- |
|
|
Bank Loans & Overdrafts |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Other Short Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Miscellaneous Current Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Current Liabilities |
£848,348 |
|
£380 |
|
0 |
|
0 |
|
- |
|
|
Bank Loans & Overdrafts and LTL |
£7,356 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Other Long Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Long Term Liabilities |
£7,356 |
|
0 |
|
0 |
|
0 |
|
- |
Capital &
Reserves
|
|
Date Of Accounts |
31/07/11 |
|
30/06/10 |
|
30/06/09 |
|
30/06/08 |
|
- |
|
|
Called Up Share Capital |
£100 |
|
£100 |
|
- |
|
- |
|
- |
|
|
P & L Account Reserve |
£5,551 |
|
£325 |
|
- |
|
- |
|
- |
|
|
Revaluation Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Sundry Reserves |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Shareholder Funds |
£5,651 |
|
£425 |
|
- |
|
- |
|
- |
Other Financial
Items
|
|
Date Of Accounts |
31/07/11 |
|
30/06/10 |
|
30/06/09 |
|
30/06/08 |
|
- |
|
|
Net Worth |
£5,651 |
|
£425 |
|
- |
|
- |
|
- |
|
|
Working Capital |
£1,206 |
|
£425 |
|
- |
|
- |
|
- |
|
|
Total Assets |
£861,355 |
|
£805 |
|
- |
|
- |
|
- |
|
|
Total Liabilities |
£855,704 |
|
£380 |
|
- |
|
- |
|
- |
|
|
Net Assets |
£5,651 |
|
£425 |
|
- |
|
- |
|
- |
Cash Flow
|
|
Date Of Accounts |
31/07/11 |
|
30/06/10 |
|
30/06/09 |
|
30/06/08 |
|
- |
|
|
Net Cashflow from Operations |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow before Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow from Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Increase in Cash |
- |
|
- |
|
- |
|
- |
|
- |
Miscellaneous
|
|
Date Of Accounts |
31/07/11 |
|
30/06/10 |
|
30/06/09 |
|
30/06/08 |
|
- |
|
|
Contingent Liability |
NO |
|
NO |
|
NO |
|
NO |
|
- |
|
|
Capital Employed |
£13,007 |
|
£425 |
|
- |
|
- |
|
- |
|
|
Number of Employees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Auditors |
|
||||||||
|
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
|
Bankers |
|
||||||||
|
|
Bank Branch Code |
|
||||||||
Ratios
|
|
Date Of Accounts |
31/07/11 |
30/06/10 |
30/06/09 |
30/06/08 |
- |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
1 |
2.12 |
- |
- |
- |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
130.20 |
0 |
0 |
0 |
- |
|
|
Equity in % |
0.70 |
52.80 |
- |
- |
- |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.65 |
2.11 |
- |
- |
- |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
150.12 |
0.89 |
- |
- |
- |
|
|
Total Debt Ratio |
151.42 |
0.89 |
- |
- |
- |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
ADDITIONAL INFORMATION
Commentary
|
No exact match CCJs are recorded against the
company. |
|
|
There has been no significant change in the
company's credit limit. |
|
|
Net Worth increased by 999.9% during the
latest trading period. |
|
|
A 999.9% growth in Total Assets occurred
during the latest trading period. |
|
|
The company saw an increase in their Cash
Balance of 100.6% during the latest trading period. |
|
|
The company is exempt from audit. |
|
|
No recent changes in directorship are
recorded. |
|
|
The company is not part of a group. |
|
|
The movement in accumulated earnings would
indicate that the company made a profit after tax and other appropriations,
including dividends. |
|
|
The company has changed its registered
address recently. |
|
|
The company was established over 5 years
ago. |
|
Event History
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
23/06/2012 |
Annual Returns |
|
01/05/2012 |
New Accounts Filed |
|
01/05/2012 |
New Accounts Filed |
|
07/03/2012 |
Change in Reg.Office |
|
07/03/2012 |
Change of Company Postcode |
|
02/07/2011 |
Annual Returns |
|
25/01/2011 |
New Accounts Filed |
|
30/06/2010 |
Annual Returns |
|
17/09/2009 |
New Accounts Filed |
|
28/06/2009 |
Annual Returns |
|
19/10/2008 |
New Accounts Filed |
|
16/09/2008 |
Annual Returns |
|
23/08/2007 |
New Company Secretary (GREGORY PIUS)
appointed |
|
23/08/2007 |
New Board Member (GREGORY PIUS) appointed |
|
22/08/2007 |
Change in Reg.Office |
Previous Company
Names
|
No Previous Names found |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.21 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.70.97 |
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.