MIRA INFORM REPORT

 

 

Report Date :

07.08.2014

 

IDENTIFICATION DETAILS

 

Name :

NATURAL NKUKU LIMITED

 

 

Registered Office :

Lower Tweed Mill Shinners Bridge, Totnes TQ9 6JB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2013

 

 

Date of Incorporation :

11.12.2002

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Wholesaler of household goods (other than instruments) n.e.c.

 

 

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 – June 01, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

C2

Very High Risk

 

D

 

 

UNITED KINGDOM ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership. 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, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output. 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. Falling 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 included 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 about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 largely due to 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 £375 billion (approximately $605 billion) as of December 2013. 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, however, in 2013 GDP grew 1.4%, accelerating unexpectedly in the second half of the year because of greater consumer spending and a recovering housing market. The budget deficit is falling but remains high at nearly 7% and public debt has continued to increase.

 

Source : CIA

 

 

REGISTERED NAME & COMPANY SUMMARY

 

NATURAL NKUKU LIMITED

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

 

Name

Alexandra Louise Cooke

Date of Birth

21/02/1977

Officers Title

Mrs

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

11/12/2002

 

 

Address

Lower Tweed Mill Shinners Bridge, Dartington, Totnes, Devon, TQ9 6JB

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Alistair James Cooke

Date of Birth

29/08/1976

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

11/12/2002

 

 

Address

Lower Tweed Mill Shinners Bridge, Dartington, Totnes, Devon, TQ9 6JB

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Bridget Evelyn Temple

Date of Birth

19/12/1968

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/07/2013

 

 

Address

Lower Tweed Mill Shinners Bridge, Dartington, Totnes, Devon, TQ9 6JB

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Christopher James Gatenby Wilson

Date of Birth

01/12/1972

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/04/2012

 

 

Address

Lower Tweed Mill Shinners Bridge, Dartington, Totnes, Devon, TQ9 6JB

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

James John Marshall

Date of Birth

04/06/1973

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

01/05/2014

 

 

Address

Lower Tweed Mill Shinners Bridge, Dartington, Totnes, Devon, TQ9 6JB

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

 

Name

Alistair James Cooke

Date of Birth

29/08/1976

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Company Secretary

Appointment Date

11/12/2002

 

 

Address

Lower Tweed Mill Shinners Bridge, Dartington, Totnes, Devon, TQ9 6JB

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

COMPANY DIRECTORS LIMITED

9352

196298

TEMPLE SECRETARIES LIMITED

11630

198011

 

NEGATIVE INFORMATION

 

Mortgage Summary

Total Mortgage         2

Outstanding             2

Satisfied                  0

 

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade    0

Total Value of Documented Trade      £0

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

-

 

 

 

Exact CCJ Details

 

No CCJs found

 

Possible CCJs Details

 

There are no possible CCJ details

 

Writ Details

 

No writs found

 

Mortgage Details

 

Mortgage Type:

 

Date Charge Created:

25/04/14

 

 

Date Charge Registered:

03/05/14

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

SVENSKA HANDELSBANKEN AB (PUBL);

Amount Secured:

 

Details:

BROCKHILL BARNS HARBERTON FORD TOTNES T/NO. DN641988CONTAINS FIXED CHARGE.CONTAINS NEGATIVE PLEDGE.

 

Mortgage Type:

 

Date Charge Created:

22/07/13

 

 

Date Charge Registered:

29/07/13

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

SVENSKA HANDELSBANKEN AB (PUBL);

Amount Secured:

 

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

ALEXANDRA LOUISE COOKE

GBP

50

ORDINARY

1

50

ALISTAIR JAMES COOKE

GBP

50

ORDINARY

1

50

 

PAYMENT INFORMATION

 

Average Invoice Value

£2238.09

Invoices available

92

Paid

91

Outstanding

1

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

30

52

4

4

1

Outstanding

0

0

0

1

0

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Group structure

 

No group structure

 

FINANCIAL INFORMATION

 

 

Profit & Loss

 

Date Of Accounts

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

(%)

30/04/09

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

£480,178

77.5%

£270,581

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-100%

£179,566

98%

£90,698

Gross Profit

-

-

-

-

-

-

£300,612

67.1%

£179,883

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

£10,846

4.6%

£10,368

Operating Profit

-

-

-

-

-

-

£113,726

130.6%

£49,322

Depreciation

£28,821

-11.2%

£32,455

776.5%

£3,703

14.2%

£3,242

41.9%

£2,285

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

£113,729

130.4%

£49,365

Taxation

-

-

-

-

-

-

-£23,168

-121.4%

-£10,466

Profit After Tax

-

-

-

-

-

-

£90,561

132.8%

£38,899

Dividends Payable

-

-

-

-

-

-

£68,000

88.9%

£36,000

Retained Profit

-

-

-

-

-

-

£22,561

678.2%

£2,899

 

Balance Sheet

 

Date Of Accounts

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

(%)

30/04/09

Tangible Assets

£89,720

-10.3%

£100,017

800.2%

£11,110

14.3%

£9,723

41.8%

£6,856

Intangible Assets

£2,725

-

0

-

0

-

0

-

0

Total Fixed Assets

£92,445

-7.6%

£100,017

800.2%

£11,110

14.3%

£9,723

41.8%

£6,856

Stock

£327,594

27.2%

£257,615

28.7%

£200,225

62.5%

£123,185

221.5%

£38,321

Trade Debtors

£275,145

62.7%

£169,153

19.4%

£141,682

140.7%

£58,855

193.4%

£20,061

Cash

£417,146

41.9%

£293,929

158.7%

£113,610

463.8%

£20,149

173.2%

£7,376

Other Debtors

0

-

0

-

0

-100%

£1,862

-62.6%

£4,974

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,019,885

41.5%

£720,697

58.2%

£455,517

123.2%

£204,051

188.5%

£70,732

Trade Creditors

£374,117

29.6%

£288,717

23%

£234,813

309.4%

£57,359

999.9%

£2,598

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-100%

£126,452

87.1%

£67,588

Total Current Liabilities

£374,117

29.6%

£288,717

23%

£234,813

27.7%

£183,811

161.9%

£70,186

Bank Loans & Overdrafts and LTL

£40,865

-34.8%

£62,678

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£40,865

-34.8%

£62,678

-

0

-

0

-

0

 

Capital & Reserves

 

Date Of Accounts

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

(%)

30/04/09

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£697,248

48.6%

£469,219

102.5%

£231,714

675.9%

£29,863

309%

£7,302

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£697,348

48.6%

£469,319

102.5%

£231,814

673.7%

£29,963

304.8%

£7,402

 

Other Financial Items

 

Date Of Accounts

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

(%)

30/04/09

Net Worth

£694,623

48%

£469,319

102.5%

£231,814

673.7%

£29,963

304.8%

£7,402

Working Capital

£645,768

49.5%

£431,980

95.7%

£220,704

990.4%

£20,240

999.9%

£546

Total Assets

£1,112,330

35.5%

£820,714

75.9%

£466,627

118.3%

£213,774

175.5%

£77,588

Total Liabilities

£414,982

18.1%

£351,395

49.6%

£234,813

27.7%

£183,811

161.9%

£70,186

Net Assets

£697,348

48.6%

£469,319

102.5%

£231,814

673.7%

£29,963

304.8%

£7,402

 

Cash Flow

 

Date Of Accounts

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

(%)

30/04/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

30/04/13

(%)

30/04/12

(%)

30/04/11

(%)

30/04/10

(%)

30/04/09

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£738,213

38.8%

£531,997

129.5%

£231,814

673.7%

£29,963

304.8%

£7,402

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

30/04/13

30/04/12

30/04/11

30/04/10

30/04/09

Pre-tax profit margin %

-

-

-

23.68

18.24

Current ratio

2.73

2.50

1.94

1.11

1.01

Sales/Net Working Capital

-

-

-

23.72

495.57

Gearing %

5.90

13.40

0

0

0

Equity in %

62.80

57.20

49.70

14

9.50

Creditor Days

-

-

-

43.48

3.49

Debtor Days

-

-

-

44.61

26.98

Liquidity/Acid Test

1.85

1.60

1.08

0.43

0.46

Return On Capital Employed %

-

-

-

379.56

666.91

Return On Total Assets Employed %

-

-

-

53.20

63.62

Current Debt Ratio

0.53

0.61

1.01

6.13

9.48

Total Debt Ratio

0.59

0.74

1.01

6.13

9.48

Stock Turnover Ratio %

-

-

-

25.65

14.16

Return on Net Assets Employed %

-

-

-

379.56

666.91

 

FOREIGN EXCHANGE RATES

 

N/a

 

ADDITIONAL INFORMATION

 

Status History

 

No Status History found

 

Event History

 

Date

Description

28/05/2014

New Board Member Mr J.J. Marshall appointed

22/01/2014

New Accounts Filed

22/01/2014

New Accounts Filed

23/12/2013

Annual Returns

09/08/2013

New Board Member Ms B.E. Temple appointed

04/02/2013

New Accounts Filed

19/12/2012

Annual Returns

18/12/2012

Change in Reg.Office

18/12/2012

Change of Company Postcode

18/12/2012

New Board Member Mr C. Wilson appointed

06/02/2012

New Accounts Filed

28/01/2012

Annual Returns

04/02/2011

New Accounts Filed

16/12/2010

Annual Returns

21/12/2009

New Accounts Filed

 

Previous Company Names

 

No Previous Names found

 

NOTES & COMMENTS

 

Commentary

 

No exact match CCJs are recorded against the company.

 

There is insufficient data to indicate a change in this company's percentage of sales.

 

Net Worth increased by 48% during the latest trading period.

 

 

A 35.5% growth in Total Assets occurred during the latest trading period.

 

There is insufficient data to indicate a change in this company's pre-tax profit.

 

The company saw an increase in their Cash Balance of 41.9% during the latest trading period.

 

The company is exempt from audit.

 

The company has undergone recent changes in its directorships.

 

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 11 years ago.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 61.33

UK Pound

1

Rs. 103.43

Euro

1

Rs. 81.96

 

 

INFORMATION DETAILS

 

Analysis Done by :

RSM

 

 

Report Prepared by :

DPT

 

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.