MIRA INFORM REPORT

 

 

Report Date :

07.01.2014

 

IDENTIFICATION DETAILS

 

Name :

SPRUKFIELD (UK) LIMITED

 

 

Registered Office :

First Floor, Kirkland House 11-15 Peterborough Road Harrow Ha1 2ax

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

18.05.2005

 

 

Com. Reg. No.:

05455718

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Non Trading Company

[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 :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Dormant

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 – September 30, 2013

 

Country Name

Previous Rating

(30.06.2013)

Current Rating

(30.09.2013)

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

 

Company Name

SPRUKFIELD (UK) LIMITED

Company Number

05455718

 

 

 

Registered Address

FIRST FLOOR, KIRKLAND HOUSE
11-15 PETERBOROUGH ROAD
HARROW
HA1 2AX

Trading Address

First Floor
Kirkland House
11-15 Peterborough Road
Harrow, Middlesex
HA1 2AX

 

 

 

Website Address

-

 

Telephone Number

-

 

TPS

-

 

Incorporation Date

18/05/2005

Company Status

Non trading

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

25/11/2013

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

3

 

Current Directors

Name

Vicky Kanyalal Varindani

Date of Birth

18/06/1981

Officers Title

Ms

Nationality

Indian

Present Appointments

1

Function

Director

Appointment Date

18/05/2005

 

 

Address

234 Rue De Mauvais, Rue De L'ocam, Lome, Togo

 

 

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

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

Share Capital

£2

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MR KANYALAL TULSIDAS VARINDANI

GBP

1

ORDINARY

1

50

MRS RUBY KANYALAL VARINDANI

GBP

1

ORDINARY

1

50

 

 

PAYMENT INFORMATION

 

Payment Information Summary

 

Days Beyond Terms

Trend Indicator

 

 

N/A

14

Company DBT

UK Average DBT

Steady

   

Improving Worsening

 

 

 

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

 

 

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

-

-

-

-

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

N/a

 

 

ADDITIONAL INFORMATION

 

SIC03

7499

SIC03 Description

Non-trading company

SIC07

74990

SIC07 Description

NON-TRADING COMPANY

Principal Activity

The company was dormant during y/e 31.05.13.

 

Current Company Secretary

Name

Kanyalal Tulsidas Varindani

Date of Birth

-

Officers Title

 

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

16/04/2007

 

 

Address

234 Rue Du Mauvais, Rue De L'ocam, Lome, Togo

 

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

28/11/2013

New Accounts Filed

03/06/2013

Annual Returns

15/02/2013

New Accounts Filed

24/05/2012

Annual Returns

21/01/2012

New Accounts Filed

05/07/2011

Annual Returns

01/02/2011

New Accounts Filed

13/07/2010

Annual Returns

12/07/2010

Annual Returns

12/07/2010

Annual Returns

05/07/2010

Annual Returns

28/06/2010

Mr S.K. Doshi has left the board

28/06/2010

Mr S.K. Doshi has resigned as company secretary

28/06/2010

New Company Secretary K.T. Varindani appointed

04/01/2010

New Accounts Filed

 

Previous Company Names

No Previous Names found

 

 

NOTES & COMMENTS

 

N/a

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.62.33

UK Pound

1

Rs.101.99

Euro

1

Rs.84.62

 

 

INFORMATION DETAILS

 

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%)

 

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.