MIRA INFORM REPORT

 

 

Report Date :

08.12.2014

 

IDENTIFICATION DETAILS

 

Name :

GLOBAL TRUCK & TRAILER PARTS LIMITED

 

 

Registered Office :

28 Narel Sharpe Close, Smethwick, West Midlands B66 1TU

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.04.2013

 

 

Date of Incorporation :

25.04.2012

 

 

Com. Reg. No.:

08045875

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Sale of Motor Vehicle Parts

·         Wholesale Trade of Motor Vehicle Parts and Accessories.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised.

Credit not recommended

 

 

Status :

Dormant Company

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

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, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

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

Company IDENTIFICATION 

 

GLOBAL TRUCK & TRAILER PARTS LIMITED

 

28 NAREL SHARPE CLOSE

SMETHWICK

B66 1TU

United Kingdom

Telephone                     -

Fax                               -

Website                        -

Company Number:        08045875

Status:                          Non trading

Foundation:                  25/04/2012

 

 

Basic Information

 

Legal form                               Private limited with Share Capital

 

Foundation                              25/04/2012

 

Company No.                           08045875

 

 

Shareholders

 

Name

Currency

Number of shares

Share type

Nominal value

SARVODAYA JAIN

GBP

100

ORDINARY

1

Total Share Capital

GBP 100

 

 

Management

 

Directors

Name

Address:

Date of birth

Nationality

Appointment date

Mr Sarvodaya Jain

28 Narel Sharpe Close, Smethwick B661TU

04/10/1959

British

25/04/2012

 

 

Secretary                                  No Secretary appointed

 

Other Known Addresses           28 Narel Sharpe Close, Smethwick, West Midlands B66 1TU

 

 

Business activities

 

Main activity

Principal Activity

The company was dormant during y/e 31.04.13.

SIC03

Sale of motor vehicle parts etc.

SIC07

Wholesale trade of motor vehicle parts and accessories

 

 

Economic data

 

Turnover and Employees

Date of Accounts                      Turnover          Employees

30/04/2013                                Not Stated        Not Stated

 

 

Supplementary Data

 

Events

 

Company history

Date

Action

27/04/2012

New Board Member S. Jain appointed

11/05/2013

Annual Returns

24/01/2014

New Accounts Filed

13/05/2014

Annual Returns

 

County Court Judgments (CCJs)

There are no County Court Judgments listed against this company

 

 

Accounts

 

Profit and Loss

 

 

30/04/2013

52

GBP

Group: No

Turnover

0

-

-

Export

-

-

-

Cost of Sales

-

-

-

Gross Profit

-

-

-

Wages And Salaries

0

-

-

Directors Emoluments

-

-

-

Operating Profit

-

-

-

Depreciation

-

-

-

 

30/04/2013

52 GBP Group: No

Audit Fees

-

-

-

Interests Payments

-

-

-

Pre Tax Profit

0

-

-

Taxation

-

-

-

Profit After Tax

-

-

-

Dividends Payable

-

-

-

Retained Profit

-

-

-

 

 

Balance sheet

 

 

30/04/2013

52

GBP Group: No

Tangible Assets

0

-

-

Intangible Assets

0

-

-

Total Fixed Assets

0

-

-

Stock

0

-

-

Trade Debtors

0

-

-

Cash

0

-

-

Other Debtors

0

-

-

Miscellaneous Current Assets

0

-

-

Total Current Assets

0

-

-

Trade Creditors

0

-

-

Bank Loans and Overdraft

0

-

-

Other Short Term Finance

0

-

-

Miscellaneous Current Liabilities

0

-

-

Total Current Liabilities

0

-

-

Bank Loans and Overdrafts LTL

0

-

-

Other Long Term Finance

0

-

-

Total Long Term Liabilities

0

-

-

 

 

Capital & Reserves

 

 

30/04/2013

52

GBP Group: No

Called Up Share Capital

0

-

-

P and L Account Reserve

0

-

-

Revaluation Reserve

0

-

-

Sundry Reserves

0

-

-

Shareholders Funds

0

-

-

 

 

Other Financial Items

 

 

30/04/2013

52

GBP Group: No

Net Worth

0

-

-

Working Capital

0

-

-

Total Assets

0

-

-

Total Liabilities

0

-

-

Net Assets

0

-

-

 

 

Cash Flow

 

 

30/04/2013

52 GBP Group: No

Net Cash Flow from Operations

0

-

-

Net Cash Flow before Financing

0

-

-

Net Cash Flow from Financing

0

-

-

Increase in Cash

0

-

-

 

 

Miscellaneous

 

 

30/04/2013

52

GBP Group: No

Capital Employed

0

-

-

 

 

Financial Ratios

 

Name

30/04/2013

Pre Tax Profit Margin

0.0%

Current Ration

0.00

Sales or Net Working Capital

0.00

Gearing

0.0%

Equity

0.0%

Creditor Days

0.00

Debtor Days

0.00

Liquidity or Acid test

0.00

Return on Capital Employed

0.0%

Return on Total Assets Employed

0.0%

Current Debt Ratio

0.0%

Total Debt Ratio

0.0%

Stock Turnover Ratio

0.0%

Return on Net Assets Employed

0.0%

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.85

UK Pound

1

Rs.96.73

Euro

1

Rs.76.53

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

NIT

 

               

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.