|
Report Date : |
11.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL METCORP LIMITED |
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|
|
|
Registered Office : |
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|
|
Country : |
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|
|
|
|
Financials (as on) : |
31.03.2013 |
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|
|
Date of Incorporation : |
30.08.2001 |
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|
Com. Reg. No.: |
04278981 |
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|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of waste and scrap |
|
|
|
|
No. of Employees |
11 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
Company name and address
Company Name: GLOBAL
METCORP LIMITED
Company No: 04278981
Registered Address:
55 LOWLANDS ROAD
GROVE HOUSE
HARROW ON THE HILL
HA1 3AW
Company summary
|
Company Name |
GLOBAL METCORP LIMITED |
Company Number |
04278981 |
|
Registered Address |
55 LOWLANDS ROAD GROVE HOUSE HARROW ON THE HILL HA1 3AW |
Trading Address |
GROVE HOUSE 55 LOWLANDS ROAD HARROW ON THE HILL HA1 3AW |
|
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|
|
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|
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|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number |
- |
Fax No: |
-- |
|
TPS |
- |
FPS |
No |
|
Incorporation Date |
30.08.2001 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
-- |
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
24.07.2013 |
|
|
|
Share Capital |
£250,600 |
|
SIC03 |
46770 |
Currency |
GBP |
|
SIC03 Description |
Wholesale of waste and scrap |
||
|
Principal Activity |
Dealer in scrap metal |
||
DIRECTORS/MANAGEMENT
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
8 |
Current Directors
|
Name |
Ashish Chaudhari |
Date of Birth |
08/01/1979 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
27/08/2002 |
|
|
|
Address |
55 Lowlands Road, Grove House, Harrow On The Hill, Middlesex, HA1 3AW |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
|
Name |
Rajan Choudhary |
Date of Birth |
12/01/1985 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
01/07/2013 |
|
|
|
Address |
55 Lowlands Road, Grove House, Harrow On The Hill, Middlesex, HA1 3AW |
||
|
Other Actions |
View Director Report |
View Consumer Report |
View AML Report |
|
|
View Trace Report |
|
|
Current Company
Secretary
|
Name |
Ritesh Shah |
Date of Birth |
- |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
01/09/2007 |
|
|
|
Address |
71 Alicia Gardens, Kenton, Harrow, Middlesex, HA3 8JB |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Adarsh Shrikant |
2 |
6 |
|
Sandip Ahluwalia |
8 |
4 |
|
Sandip Ahluwalia |
8 |
4 |
|
Nitesh Chaudhari |
0 |
1 |
|
BRIGHTON DIRECTOR LIMITED |
635 |
42075 |
|
BRIGHTON SECRETARY LIMITED |
598 |
41875 |
|
Aditya Chopra |
1 |
1 |
|
Adarsh Shrikant |
2 |
6 |
NEGATIVE INFORMATION
Mortgage Summary
Total Mortgage 9
Outstanding 5
Satisfied 4
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: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
05/08/11 |
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|
|
Date Charge Registered: |
10/08/11 |
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|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
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|
|
Person(s) Entitled: |
CHESTERFIELD INVESTMENTS (NO. 5) LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
THE SUM FROM TIME TO TIME STANDING TO THE CREDIT OF A DEPOSIT ACCOUNT SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
22/07/11 |
|
|
|
Date Charge Registered: |
29/07/11 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
SANTANDER UK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE GROUP (OR ANY GROUP MEMBER) ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL MORTGAGE |
||
|
Date Charge Created: |
30/09/08 |
|
|
|
Date Charge Registered: |
19/04/13 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC; |
||
|
Amount Secured: |
|
||
|
Details: |
L/H 20 BYRON HILL ROAD HARROW; WITH THEBENEFIT OF ALL RIGHTS, LICENCES, GUARANTEES, RENT DEPOSITS, CONTRACTS, DEEDS UNDERTAKINGS & WARRANTIES RELATING TO THE PROPERTY. ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY. ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY.ANY RENTAL & OTHER MONEY PAYABLE AND ANY LEGAL LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY & ALL OTHERPAYMENTS WHATEVER IN RESPECT OF THE PROPERTY |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
27/08/08 |
|
|
|
Date Charge Registered: |
02/09/08 |
|
|
|
Date Charge Satisfied: |
02/03/11 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
HSBC BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
28/07/08 |
|
|
|
Date Charge Registered: |
30/07/08 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
CHESTERFIELD INVESTMENTS (NO.5) LIMITED |
||
|
Amount Secured: |
£2,257.33 DUE OR TO BECOME DUE FROM THECOMPANY TO THE CHARGEE |
||
|
Details: |
£2,257.33 SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
06/02/07 |
|
|
|
Date Charge Registered: |
07/02/07 |
|
|
|
Date Charge Satisfied: |
28/09/10 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
|
||
|
Details: |
20 LEIGH COURT BYRON HILL ROAD HARROW |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
18/04/05 |
|
|
|
Date Charge Registered: |
05/05/05 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
CHESTERFIELD INVESTMENTS (NO.5) LIMITED |
||
|
Amount Secured: |
£2,030 DUE OR TO BECOME DUE FROM THE COMPANY TO |
||
|
Details: |
INTEREST IN THE SECURITY FOR THE PAYMENT OF THE RENTS RESERVED BY THE LEASE SEE THE MORTGAGE CHARGEDOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
15/03/04 |
|
|
|
Date Charge Registered: |
26/03/04 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
TIGERCLOCK LIMITED |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
THE SUM OF £750.00 |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
16/09/03 |
|
|
|
Date Charge Registered: |
23/09/03 |
|
|
|
Date Charge Satisfied: |
18/04/07 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
SHARE & SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
GRETA INVESTMENTS LTD |
GBP |
250,600 |
ORDINARY |
1 |
100 |
PAYMENT INFORMATION
Trade Debtors /
Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Trade Payment Information
|
Average Invoice Value |
157.55 |
|
Invoices available |
47 |
|
Paid |
40 |
|
Outstanding |
7 |
Trade Payment Data is information that we collect from
selected third party partners who send us information about their whole sales
ledger.
|
Average Invoice Value |
£157.55 |
|
Invoices available |
47 |
|
Paid |
40 |
|
Outstanding |
7 |
|
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 |
28 |
10 |
0 |
0 |
2 |
|
Outstanding |
0 |
0 |
0 |
2 |
5 |
GROUP STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
4 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
GRETA INVESTMENTS LTD |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
GRETA INVESTMENTS LTD |
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
N/A |
- |
- |
|
|
|
|
07443406 |
31.03.2013 |
Y |
£285,871,092 |
|
|
|
N/A |
- |
- |
|
|
|
|
04278981 |
31.03.2013 |
N |
£250,088,458 |
GRETA
INVESTMENTS (PVT) LTD FINANCIAL INFORMATION
Profit & Loss
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
Weeks |
52 |
(%) |
52 |
(%) |
30 |
(%) |
52 |
(%) |
52 |
|
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
Y |
(%) |
Y |
|
|
Turnover |
£250,088,458 |
-13.9% |
£290,566,417 |
233.1% |
£87,222,710 |
-35.6% |
£135,432,363 |
35.8% |
£99,750,423 |
|
|
Export |
£247,298,835 |
-14.8% |
£290,357,104 |
- |
- |
- |
- |
- |
- |
|
|
Cost of Sales |
£248,013,942 |
-13.9% |
£288,105,579 |
235.3% |
£85,930,068 |
-35.6% |
£133,380,507 |
35.4% |
£98,543,969 |
|
|
Gross Profit |
£2,074,516 |
-15.7% |
£2,460,838 |
90.4% |
£1,292,642 |
-37% |
£2,051,856 |
70.1% |
£1,206,454 |
|
|
Wages & Salaries |
£163,939 |
-0.1% |
£164,105 |
123.8% |
£73,332 |
-55.9% |
£166,236 |
35.7% |
£122,514 |
|
|
Directors Emoluments |
£12,000 |
- |
£12,000 |
71.4% |
£7,000 |
-86.8% |
£52,864 |
56% |
£33,879 |
|
|
Operating Profit |
£1,450,277 |
-26.2% |
£1,963,942 |
73.7% |
£1,130,712 |
-33.9% |
£1,710,453 |
85.5% |
£922,299 |
|
|
Depreciation |
£7,206 |
-22.3% |
£9,275 |
147.6% |
£3,746 |
-62.5% |
£9,997 |
48.5% |
£6,731 |
|
|
Audit Fees |
£18,000 |
67.4% |
£10,750 |
26.5% |
£8,500 |
- |
£8,500 |
-15% |
£10,000 |
|
|
Interest Payments |
£97,610 |
13.1% |
£86,276 |
358% |
£18,836 |
-22.7% |
£24,377 |
64.6% |
£14,813 |
|
|
Pre Tax Profit |
£1,355,437 |
-28.4% |
£1,893,167 |
70.3% |
£1,111,898 |
-34.1% |
£1,686,076 |
85.4% |
£909,267 |
|
|
Taxation |
-£328,209 |
34% |
-£497,495 |
-71.6% |
-£289,889 |
38.9% |
-£474,110 |
-90.4% |
-£249,035 |
|
|
Profit After Tax |
£1,027,228 |
-26.4% |
£1,395,672 |
69.8% |
£822,009 |
-32.2% |
£1,211,966 |
83.6% |
£660,232 |
|
|
Dividends Payable |
£18,000 |
12.5% |
£16,000 |
100% |
£8,000 |
-73.3% |
£30,000 |
-50% |
£60,000 |
|
|
Retained Profit |
£1,009,228 |
-26.9% |
£1,379,672 |
69.5% |
£814,009 |
-31.1% |
£1,181,966 |
96.9% |
£600,232 |
Balance Sheet
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
Tangible Assets |
£346,619 |
-1.8% |
£352,824 |
1.7% |
£346,941 |
-3% |
£357,616 |
3.9% |
£344,282 |
|
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Fixed Assets |
£346,619 |
-1.8% |
£352,824 |
1.7% |
£346,941 |
-3% |
£357,616 |
3.9% |
£344,282 |
|
|
Stock |
£3,066,311 |
-60.9% |
£7,847,392 |
113.9% |
£3,669,239 |
103.2% |
£1,805,611 |
16.9% |
£1,544,332 |
|
|
Trade Debtors |
£18,882,170 |
14.2% |
£16,534,648 |
40% |
£11,814,422 |
56.5% |
£7,548,250 |
55.2% |
£4,863,949 |
|
|
Cash |
£2,281,183 |
189.4% |
£788,118 |
15.1% |
£684,955 |
-53.5% |
£1,471,697 |
-11.6% |
£1,664,355 |
|
|
Other Debtors |
£1,131,193 |
-56.3% |
£2,590,845 |
156.5% |
£1,009,887 |
-58.2% |
£2,418,318 |
999.9% |
£102,957 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£25,360,857 |
-8.6% |
£27,761,003 |
61.6% |
£17,178,503 |
29.7% |
£13,243,876 |
62% |
£8,175,593 |
|
|
Trade Creditors |
£15,736,129 |
-21.4% |
£20,023,649 |
60.1% |
£12,506,673 |
28.8% |
£9,707,712 |
50.1% |
£6,466,921 |
|
|
Bank Loans & Overdrafts |
£1,396,509 |
11.8% |
£1,248,781 |
999.9% |
£458 |
-87.2% |
£3,567 |
- |
0 |
|
|
Other Short Term Finance |
£138,767 |
999.9% |
£417 |
22.6% |
£340 |
-97% |
£11,523 |
-70.9% |
£39,600 |
|
|
Miscellaneous Current Liabilities |
£2,666,301 |
28.2% |
£2,080,438 |
27.1% |
£1,637,103 |
35.5% |
£1,207,758 |
130.3% |
£524,388 |
|
|
Total Current Liabilities |
£19,937,706 |
-14.6% |
£23,353,285 |
65.1% |
£14,144,574 |
29.4% |
£10,930,560 |
55.5% |
£7,030,909 |
|
|
Bank Loans & Overdrafts and LTL |
£1,396,509 |
11.8% |
£1,248,781 |
999.9% |
£458 |
-87.2% |
£3,567 |
- |
0 |
|
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital &
Reserves
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
Called Up Share Capital |
£250,600 |
- |
£250,600 |
- |
£250,600 |
- |
£250,600 |
- |
£250,600 |
|
|
P & L Account Reserve |
£5,484,826 |
22.5% |
£4,475,598 |
44.6% |
£3,095,926 |
29.8% |
£2,385,988 |
98.2% |
£1,204,022 |
|
|
Revaluation Reserve |
£34,344 |
- |
£34,344 |
- |
£34,344 |
- |
£34,344 |
- |
£34,344 |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£5,769,770 |
21.2% |
£4,760,542 |
40.8% |
£3,380,870 |
26.6% |
£2,670,932 |
79.4% |
£1,488,966 |
Other Financial Items
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
Net Worth |
£5,769,770 |
21.2% |
£4,760,542 |
40.8% |
£3,380,870 |
26.6% |
£2,670,932 |
79.4% |
£1,488,966 |
|
|
Working Capital |
£5,423,151 |
23% |
£4,407,718 |
45.3% |
£3,033,929 |
31.2% |
£2,313,316 |
102.1% |
£1,144,684 |
|
|
Total Assets |
£25,707,476 |
-8.6% |
£28,113,827 |
60.4% |
£17,525,444 |
28.8% |
£13,601,492 |
59.6% |
£8,519,875 |
|
|
Total Liabilities |
£19,937,706 |
-14.6% |
£23,353,285 |
65.1% |
£14,144,574 |
29.4% |
£10,930,560 |
55.5% |
£7,030,909 |
|
|
Net Assets |
£5,769,770 |
21.2% |
£4,760,542 |
40.8% |
£3,380,870 |
26.6% |
£2,670,932 |
79.4% |
£1,488,966 |
Cash Flow
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
Net Cashflow from Operations |
£2,169,188 |
634.2% |
-£406,041 |
5.5% |
-£429,773 |
-345% |
-£96,569 |
-108.7% |
£1,115,034 |
|
|
Net Cashflow before Financing |
£1,345,337 |
217.5% |
-£1,145,160 |
-45.4% |
-£787,457 |
-382.3% |
-£163,257 |
-145.7% |
£356,913 |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
100% |
-£152,128 |
|
|
Increase in Cash |
£1,345,337 |
217.5% |
-£1,145,160 |
-45.4% |
-£787,457 |
-382.3% |
-£163,257 |
-179.7% |
£204,785 |
Miscellaneous
|
|
Date Of Accounts |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
Capital Employed |
£5,769,770 |
21.2% |
£4,760,542 |
40.8% |
£3,380,870 |
26.6% |
£2,670,932 |
79.4% |
£1,488,966 |
|
|
Number of Employees |
11 |
-21.4% |
14 |
40% |
10 |
-9.1% |
11 |
10% |
10 |
|
|
Auditors |
KING & KING |
||||||||
|
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
|
Bankers |
SANTANDER |
||||||||
|
|
Bank Branch Code |
90-01-36 |
||||||||
Ratios
|
|
Date Of Accounts |
31/03/13 |
31/03/12 |
31/03/11 |
31/08/10 |
31/08/09 |
|
|
Pre-tax profit margin % |
0.54 |
0.65 |
1.27 |
1.24 |
0.91 |
|
|
Current ratio |
1.27 |
1.19 |
1.21 |
1.21 |
1.16 |
|
|
Sales/Net Working Capital |
46.11 |
65.92 |
28.75 |
58.54 |
87.14 |
|
|
Gearing % |
24.20 |
26.20 |
0 |
0.10 |
0 |
|
|
Equity in % |
22.40 |
16.90 |
19.30 |
19.60 |
17.50 |
|
|
Creditor Days |
22.90 |
25.08 |
30.11 |
26.09 |
23.59 |
|
|
Debtor Days |
27.48 |
20.71 |
28.44 |
20.28 |
17.74 |
|
|
Liquidity/Acid Test |
1.11 |
0.85 |
0.95 |
1.04 |
0.94 |
|
|
Return On Capital Employed % |
23.49 |
39.76 |
32.88 |
63.12 |
61.06 |
|
|
Return On Total Assets Employed % |
5.27 |
6.73 |
6.34 |
12.39 |
10.67 |
|
|
Current Debt Ratio |
3.45 |
4.90 |
4.18 |
4.09 |
4.72 |
|
|
Total Debt Ratio |
3.45 |
4.90 |
4.18 |
4.09 |
4.72 |
|
|
Stock Turnover Ratio % |
1.22 |
2.70 |
4.20 |
1.33 |
1.54 |
|
|
Return on Net Assets Employed % |
23.49 |
39.76 |
32.88 |
63.12 |
61.06 |
FOREIGN EXCHANGE RATES
Na
ADDITIONAL INFORMATION
Enquiries Trend
|
There have been 44 enquiries in the last 12 months. |
|
There are an average of 4 reports taken each month. |
|
|
3 MONTHS |
6 MONTHS |
9 MONTHS |
|
Enquiries |
6 |
20 |
37 |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
05/05/2014 |
Change in Reg.Office |
|
05/05/2014 |
Change of Company Postcode |
|
16/09/2013 |
Annual Returns |
|
02/08/2013 |
New Accounts Filed |
|
02/08/2013 |
New Accounts Filed |
|
30/07/2013 |
Mr A. Chopra has left the board |
|
30/07/2013 |
New Board Member Mr R. Choudhary appointed |
|
23/11/2012 |
Annual Returns |
|
19/10/2012 |
Annual Returns |
|
09/07/2012 |
New Accounts Filed |
|
09/07/2012 |
New Accounts Filed |
|
03/09/2011 |
Annual Returns |
|
03/09/2011 |
New Accounts Filed |
|
01/09/2011 |
New Board Member Mr A. Chopra appointed |
|
11/07/2011 |
New Accounts Filed |
Previous Company
Names
|
No Previous Names found |
NOTES & COMMENTS
Commentary
|
No exact match CCJs are recorded against the company. |
|
|
There has been no significant change in the company's credit rating. |
|
|
Sales in the latest trading period decreased 13.9% on the previous trading period. |
|
|
Net Worth increased by 21.2% during the latest trading period. |
|
|
A 8.6% decline in Total Assets occurred during the latest trading period. |
|
|
Pre-tax profits decreased by 28.4% compared to the previous trading period. |
|
|
The company saw an increase in their Cash Balance of 189.4% during the latest trading period. |
|
|
The audit report contains no adverse comments. |
|
|
The company has undergone recent changes in its directorships. |
|
|
The company is part of a group. |
|
|
The company has changed its registered address recently. |
|
|
The company was established over 12 years ago. |
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.