MIRA
INFORM REPORT
|
Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MULTI TRADE LINKS (UK) LTD |
|
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|
|
Registered Office : |
5-9 Headstone
Road, Harrow, HA1 1PD |
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|
Country : |
United Kingdom |
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|
Financials (as on) : |
31.03.2013 |
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|
Date of Incorporation : |
04.04.2008 |
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Com. Reg. No.: |
06555378 |
|
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|
Legal Form : |
Private
Subsidiary Company |
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|
|
Line of Business : |
·
General
metal merchants, including the exporter of scrap metal Wholesaler of waste and scrap |
|
|
|
|
No. of Employees |
06 |
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 |
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|
|
|
Payment Behaviour : |
Slow but Correct |
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|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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 |
Company name & address
Multi Trade Links (UK)
Ltd
5-9 Headstone
Road
Harrow, HA1 1PD
United Kingdom
Synthesis
Employees: 6
Company Type: Private
Subsidiary
Corporate Family: 2 Companies
Ultimate Parent: Mtc Business Private Ltd.
Quoted Status: Non-quoted
Company
Incorporation
Date: 04-Apr-2008
Auditor: Reeves
& Co. LLP
Financials in: USD (Millions)
Fiscal Year End: 31-Mar-2013
Reporting
Currency: US Dollar
Annual Sales: 70.0 1
Net Income: 0.1
Total Assets: 6.0
Business
Description
General metal
merchants, including the exporter of scrap metal.
Industry
Industry
Miscellaneous Wholesale
ANZSIC 2006: 3322 - Metal and Mineral Wholesaling
ISIC Rev 4: 4669 - Wholesale of waste and scrap and
other products n.e.c.
NACE Rev 2: 4677 - Wholesale of waste and scrap
NAICS 2012: 423930 - Recyclable Material Merchant
Wholesalers
UK SIC 2007: 4677 - Wholesale of waste and scrap
US SIC 1987: 5093 - Scrap and Waste Materials
Key Executives
Name Title
Shriniwas Bajaj Director
Yogesh Shah Director
Financial Summary
|
||||||||||||||||||||
1 - Profit &
Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet
Item Exchange Rate: USD 1 = USD 1
Corporate
Overview
Location
5-9 Headstone
Road
Harrow, HA1 1PD
Middlesex County
United Kingdom
Sales USD(mil): 70.0
Assets USD(mil): 6.0
Employees: 6
Fiscal Year End: 31-Mar-2013
Industry: Waste Management
Services
Incorporation Date: 04-Apr-2008
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 06555378
Director: Yogesh
Shah
Industry Codes
ANZSIC 2006
Codes:
3322 - Metal
and Mineral Wholesaling
ISIC Rev 4 Codes:
4669 - Wholesale
of waste and scrap and other products n.e.c.
NACE Rev 2 Codes:
4677 - Wholesale
of waste and scrap
NAICS 2012 Codes:
423930 - Recyclable
Material Merchant Wholesalers
US SIC 1987:
5093 - Scrap
and Waste Materials
UK SIC 2007:
4677 - Wholesale
of waste and scrap
Business Description
General metal
merchants, including the exporter of scrap metal.
%20LTD%20-%20257743%2012-Mar-2014_files/image002.gif){kind=small}
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Corporate Family |
Corporate Structure News: |
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|
Multi
Trade Links (UK) Ltd |
|
Multi Trade Links (UK) Ltd |
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Company
Name |
Company
Type |
Location |
Country |
Industry |
Sales |
Employees |
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|
Mtc Business
Private Ltd. |
Parent |
|
|
|
|
|
|
|
Multi Trade Links (UK) Ltd |
Subsidiary |
Harrow |
United Kingdom |
Miscellaneous Wholesale |
70.0 |
6 |
|
EXECUTIVE REPORT
|
Board of Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Directors and
Shareholders Report
|
Main Office Address: |
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Annual Return Date: 04
Apr 2013 |
|
Individual Directors |
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|
Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary
of Directorships |
|
|
Shriniwas |
Current |
19 Nov 1973 |
5-9 Headstone Road, |
17 Apr 2008 |
NA |
Current:1 |
|
|
Yogesh |
Current |
08 Jun 1960 |
48 Woodway Crescent, |
04 Apr 2008 |
NA |
Current:1 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
|||||||
|
Company Directors Limited |
Previous |
788-790 Finchley Road, |
04 Apr 2008 |
04 Apr 2008 |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
||||
|
Kalavati |
Previous |
NA |
48 Woodway Crescent, |
04 Apr 2008 |
15 May 2009 |
Current:0 |
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Corporate Secretaries |
||||||||||
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||||||||||
|
Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
||||||
|
Bsp Secretarial Limited |
Previous |
99 Kenton Road, |
15 May 2009 |
16 Mar 2011 |
||||||
|
Temple Secretaries Limited |
Previous |
788-790 Finchley Road, |
04 Apr 2008 |
04 Apr 2008 |
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Individual Shareholders |
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|
Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
||||
|
MTC Business Private Limited |
325000 Ordinary GBP 1.00 |
Ordinary |
325,000 |
1.00 |
325,000.00 |
100.00 |
||||
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Profit
& Loss
Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period
Length |
52
Weeks |
52
Weeks |
52
Weeks |
52
Weeks |
52
Weeks |
|
Filed
Currency |
USD |
USD |
USD |
GBP |
GBP |
|
Exchange
Rate (Period Average) |
1 |
1 |
1 |
0.627794 |
0.592803 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Turnover (UK) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Turnover (Exports) |
70.0 |
91.1 |
45.7 |
18.1 |
7.7 |
|
Total Turnover |
70.0 |
91.1 |
45.7 |
18.1 |
7.7 |
|
Cost of Sales |
68.8 |
89.6 |
44.9 |
17.5 |
7.4 |
|
Gross Profit |
1.2 |
1.5 |
0.7 |
0.6 |
0.3 |
|
Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Expenses |
0.9 |
0.8 |
0.4 |
0.5 |
0.2 |
|
Operating Profit |
0.3 |
0.7 |
0.3 |
0.1 |
0.1 |
|
Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Interest Paid |
0.2 |
0.3 |
0.3 |
0.1 |
0.0 |
|
Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Discontinued Operations |
0.0 |
0.0 |
- |
- |
- |
|
Profit Before Taxes |
0.2 |
0.4 |
0.1 |
0.0 |
0.1 |
|
Tax Payable / Credit |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Dividends |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit After Taxes |
0.1 |
0.3 |
0.1 |
0.0 |
0.1 |
|
Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Non Audit Fees |
0.0 |
- |
- |
- |
- |
|
Number of Employees |
6 |
6 |
5 |
- |
- |
|
Wages |
0.4 |
0.3 |
0.2 |
- |
- |
|
Social Security Costs |
0.0 |
0.0 |
0.0 |
- |
- |
|
Other Pension Costs |
0.0 |
0.0 |
0.0 |
- |
- |
|
Employees Remuneration |
0.4 |
0.3 |
0.2 |
- |
- |
|
Directors Remuneration |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
Annual Balance Sheet
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Filed
Currency |
USD |
USD |
USD |
GBP |
GBP |
|
Exchange
Rate |
1 |
1 |
1 |
0.659239 |
0.697666 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Land & Buildings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Fixtures & Fittings |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Plant & Vehicles |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Stocks |
3.3 |
3.6 |
3.2 |
- |
0.0 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Stocks Work In Progress |
3.3 |
3.6 |
3.2 |
1.0 |
0.0 |
|
Trade Debtors |
1.1 |
1.8 |
0.4 |
1.0 |
2.3 |
|
Director Loans |
- |
- |
- |
0.0 |
- |
|
Other Debtors |
1.1 |
1.2 |
0.7 |
0.4 |
0.5 |
|
Total Debtors |
2.2 |
3.0 |
1.1 |
1.4 |
2.8 |
|
Cash and Equivalents |
0.5 |
0.4 |
0.7 |
0.2 |
0.2 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
6.0 |
7.0 |
5.0 |
2.6 |
3.0 |
|
Total Assets |
6.0 |
7.0 |
5.0 |
2.6 |
3.0 |
|
Trade Creditors |
1.7 |
1.9 |
1.1 |
0.4 |
0.4 |
|
Inter-Company Creditors |
- |
- |
- |
0.5 |
- |
|
Director Loans (Current Liability) |
- |
- |
- |
0.0 |
- |
|
Total Short Term Loans |
2.4 |
3.0 |
0.1 |
- |
- |
|
Accruals/Deferred Income (Current Liability) |
0.2 |
0.3 |
- |
0.1 |
0.3 |
|
Social Security/VAT |
0.0 |
0.0 |
- |
0.0 |
0.0 |
|
Corporation Tax |
0.0 |
0.1 |
0.0 |
0.0 |
0.0 |
|
Other Current Liabilities |
0.5 |
0.2 |
0.5 |
0.0 |
2.2 |
|
Total Current Liabilities |
4.9 |
5.6 |
1.7 |
1.0 |
2.9 |
|
Group Loans (Long Term Liability) |
0.0 |
0.5 |
2.7 |
0.2 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.5 |
- |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
- |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
1.2 |
0.0 |
|
Total Long Term Liabilities |
0.0 |
0.5 |
3.2 |
1.5 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Issued Capital |
0.5 |
0.5 |
0.0 |
0.0 |
0.0 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
0.6 |
0.5 |
0.2 |
0.1 |
0.1 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
1.1 |
1.0 |
0.2 |
0.1 |
0.1 |
|
Net Worth |
1.1 |
1.0 |
0.2 |
0.1 |
0.1 |
Annual Cash Flows
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
USD |
USD |
USD |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
1 |
1 |
1 |
0.627794 |
0.592803 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Net Cash Flow From Operating Activities |
1.0 |
- |
- |
- |
- |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.2 |
- |
- |
- |
- |
|
Taxation |
-0.1 |
- |
- |
- |
- |
|
Capital Expenditures |
0.0 |
- |
- |
- |
- |
|
Acquisitions and Disposals |
0.0 |
- |
- |
- |
- |
|
Paid Up Equity |
0.0 |
- |
- |
- |
- |
|
Management of Liquid Resources |
0.0 |
- |
- |
- |
- |
|
Net Cash Flow From Financing |
-0.6 |
- |
- |
- |
- |
|
Increase in Cash |
0.1 |
- |
- |
- |
- |
Annual Ratios
Financials in: USD (mil)
|
|
31-Mar-2013 |
31-Mar-2012 |
31-Mar-2011 |
31-Mar-2010 |
31-Mar-2009 |
|
Period
Length |
52
Weeks |
52
Weeks |
52
Weeks |
52
Weeks |
52
Weeks |
|
Filed
Currency |
USD |
USD |
USD |
GBP |
GBP |
|
Exchange
Rate |
1 |
1 |
1 |
0.659239 |
0.697666 |
|
Consolidated |
No |
No |
No |
No |
No |
|
|
|
|
|
|
|
|
Current Ratio |
1.22 |
1.26 |
3.04 |
2.56 |
1.03 |
|
Liquidity Ratio |
0.54 |
0.62 |
1.10 |
1.60 |
1.03 |
|
Stock Turnover |
21.02 |
25.34 |
14.19 |
17.75 |
- |
|
Credit Period (Days) |
5.84 |
7.21 |
3.40 |
21.66 |
129.88 |
|
Working Capital by Sales |
1.56% |
1.59% |
7.40% |
9.18% |
1.38% |
|
Trade Credit by Debtors |
1.55 |
1.06 |
2.49 |
0.40 |
0.19 |
|
Return on Capital |
16.69% |
26.90% |
2.37% |
2.38% |
83.95% |
|
Return on Assets |
3.06% |
5.58% |
1.59% |
1.45% |
2.59% |
|
Profit Margin |
0.26% |
0.43% |
0.18% |
0.22% |
1.18% |
|
Return on Shareholders Funds |
16.69% |
40.93% |
40.56% |
30.09% |
83.95% |
|
Borrowing Ratio |
217.60% |
364.98% |
1,670.40% |
547.72% |
- |
|
Equity Gearing |
18.36% |
13.64% |
3.93% |
4.82% |
3.09% |
|
Debt Gearing |
- |
52.14% |
1,611.17% |
176.79% |
- |
|
Interest Coverage |
1.22 |
1.13 |
0.29 |
0.55 |
5.61 |
|
Sales by Tangible Assets |
694,090.00 |
1,448,723.00 |
439,941.00 |
315,450.00 |
284,334.00 |
|
Average Remuneration per Employee |
0.1 |
0.1 |
0.0 |
- |
- |
|
Profit per Employee |
0.0 |
0.1 |
0.0 |
- |
- |
|
Sales per Employee |
11.7 |
15.2 |
9.1 |
- |
- |
|
Capital Employed per Employee |
0.2 |
0.2 |
0.7 |
- |
- |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
- |
- |
|
Total Assets per Employee |
1.0 |
1.2 |
1.0 |
- |
- |
|
Employee Remuneration by Sales |
0.58% |
0.38% |
0.40% |
- |
- |
|
Creditor Days (Cost of Sales Based) |
9.19 |
7.79 |
8.60 |
9.01 |
25.11 |
|
Creditor Days (Sales Based) |
9.04 |
7.66 |
8.46 |
8.72 |
24.24 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.70 |
|
UK Pound |
1 |
Rs.100.97 |
|
Euro |
1 |
Rs.84.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.