MIRA INFORM REPORT

 

 

Report Date :

25.08.2014

 

IDENTIFICATION DETAILS

 

Name :

K.K. JEWELS LIMITED

 

 

Registered Office :

NKP House 3rd Floor Front, 93-95 Borough High Street, London, SE1 1NL

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2013

 

 

Date of Incorporation :

09.05.2007

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Other Service Activities

(We tried to confirm / obtain the detailed activity but the same is not available from any sources.)

 

 

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 :

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 – 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

 

Company Name:

K.K. JEWELS LIMITED

Company Number:

06241869

 

 

 

COMPANY SUMMARY

 

Registered Address

NKP HOUSE 3RD FLOOR FRONT

Trading Address

Nkp House 3rd Floor Front

 

93-95 BOROUGH HIGH STREET

 

93-95 Borough High Street

 

LONDON

 

London

 

SE1 1NL

 

SE1 1NL

Website Address

-

Telephone Number

-

Fax Number

-

TPS

-

FPS

No

Incorporate Date

09/05/2007

Previous Name

--

Type

Private limited with Share Capital

FTSE Index

-

Date of Change

-

Filing Date of Accounts

28/02/2014

Currency

GBP

Share Capital

£5,000

SIC07

96090

Charity Number

-

SIC07 Description

OTHER SERVICE ACTIVITIES N.E.C.

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Pankit Prakash Gandhi

Date of Birth

09/09/1986

Officers Title

 

Nationality

Indian

Present Appointments

1

Function

Director

Appointment Date

09/05/2007

 

 

Address

503 Amar View Appt, Nr Municipal Commis, Surat, Gujarat

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Prakash Dahyalal Gandhi

Date of Birth

16/10/1958

Officers Title

 

Nationality

Indian

Present Appointments

1

Function

Director

Appointment Date

09/05/2007

 

 

Address

503 Amar View Appt, Nr Municipal Commis, Surat, Gujarat

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

SAMBAY ASSOCIATES LIMITED

8

136

REGENT SECRETARIAL LIMITED

0

2

 

 

NEGATIVE INFORMATION

 

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

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

PANKIT GANDHI

GBP

2,500

ORDINARY

1

50

PRAKASH GANDHI

GBP

2,500

ORDINARY

1

50

 

 

PAYMENT INFORMATION

 

Mortgage Summary

Total Mortgage

0

Summary

0

Satisfied

0

 

Trade debtors / Bad debts Summary

Total Number of Documented Trade

0

Total Value of Documented Trade

£0

 

Trade Payment Information

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

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

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

Group structure

No group structure

 

 

FINANCIAL INFORMATION

 

Key Financials

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employee

31/05/2013

-

-

£91,234

-

31/05/2012

-

-

£66,432

-

31/05/2011

-

-

£49,215

-

 

Profit & Loss

 

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

 

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

 

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

 

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-100%

£298

-

£298

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Tangible Assets

0

-

0

-

0

-

0

-100%

£298

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

0

-

0

-

0

-

0

-100%

£298

Stock

£182,000

628%

£25,000

-76%

£104,000

-29.3%

£147,000

145%

£60,000

Trade Debtors

£165,812

-37.1%

£263,647

-14%

£306,546

75.2%

£174,998

60.2%

£109,260

Cash

£58

-99.7%

£22,967

156.1%

£8,967

-24.2%

£11,834

-50.6%

£23,976

Other Debtors

0

-

0

-

0

-

0

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£347,870

11.6%

£311,614

-25.7%

£419,513

25.7%

£333,832

72.8%

£193,236

Trade Creditors

£256,636

4.7%

£245,182

-33.8%

£370,298

23%

£301,093

76.8%

£170,300

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

Total Current Liabilities

£256,636

4.7%

£245,182

-33.8%

£370,298

23%

£301,093

76.8%

£170,300

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

Capital & Reserves

 

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Called Up Share Capital

£5,000

-

£5,000

-

£5,000

-

£5,000

-

£5,000

P & L Account Reserve

£86,234

40.4%

£61,432

38.9%

£44,215

59.4%

£27,739

52.1%

£18,234

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£91,234

37.3%

£66,432

35%

£49,215

50.3%

£32,739

40.9%

£23,234

 

Other Financial Items

 

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Net Worth

£91,234

37.3%

£66,432

35%

£49,215

50.3%

£32,739

40.9%

£23,234

Working Capital

£91,234

37.3%

£66,432

35%

£49,215

50.3%

£32,739

42.7%

£22,936

Total Assets

£347,870

11.6%

£311,614

-25.7%

£419,513

25.7%

£333,832

72.5%

£193,534

Total Liabilities

£256,636

4.7%

£245,182

-33.8%

£370,298

23%

£301,093

76.8%

£170,300

Net Assets

£91,234

37.3%

£66,432

35%

£49,215

50.3%

£32,739

40.9%

£23,234

 

Cash Flow

 

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/05/13

(%)

31/05/12

(%)

31/05/11

(%)

31/05/10

(%)

31/05/09

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£91,234

37.3%

£66,432

35%

£49,215

50.3%

£32,739

40.9%

£23,234

 

Ratios

 

Date Of Accounts

31/05/13

31/05/12

31/05/11

31/05/10

31/05/09

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1.36

1.27

1.13

1.11

1.13

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0

0

0

0

0

Equity in %

26.20

21.30

11.70

9.80

12

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.64

1.16

0.85

0.62

0.78

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

2.81

3.69

7.52

9.19

7.32

Total Debt Ratio

2.81

3.69

7.52

9.19

7.32

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

Current Company Secretary

Name

GAC SECRETARY LIMITED

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

20

Function

Company Secretary

Appointment Date

09/05/2008

 

 

Address

Nkp House Npk House, 3rd Floor Front, 93-95 Borough High Street, London, SE1 1NL

 

Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

 

 

Auditor Comments

The company is exempt from audit

 

Bankers

 

 

Bank Branch Code

 

 

Status History

No Status History found

 

Event History

Date

Description

28/05/2014

Annual Returns

04/03/2014

New Accounts Filed

17/06/2013

Annual Returns

05/03/2013

New Accounts Filed

21/05/2012

Annual Returns

19/04/2012

New Accounts Filed

21/05/2011

Annual Returns

29/03/2011

Change in Reg.Office

29/03/2011

Change of Company Postcode

12/03/2011

New Accounts Filed

10/06/2010

Annual Returns

12/04/2010

New Accounts Filed

01/07/2009

Annual Returns

11/03/2009

New Accounts Filed

27/06/2008

Annual Returns

 

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 37.3% during the latest trading period.

 

 

A 11.6% 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 a decrease in their Cash Balance of 99.7% 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 was established over 7 years ago.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.44

UK Pound

1

Rs.100.24

Euro

1

Rs.80.35

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

Report Prepared by :

SMN

 

 

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.