MIRA INFORM REPORT

Report No. :	315476
Report Date :	03.04.2015

IDENTIFICATION DETAILS

Name :	GLOBAL TRUCK & TRAILER PARTS LIMITED

Registered Office :	28 Narel Sharpe Close, Smethwick B66 1TU

Country :	United Kingdom

Financials (as on) :	31.01.2015

Date of Incorporation :	25.04.2012

Com. Reg. No.:	08045875

Legal Form :	Private Limited With Share Capital

Line of Business :	Wholesale trade of motor vehicle parts and accessories.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Moderate
Payment Behaviour :	No Complaints
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 31, 2014

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

United Kingdom

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 summary

Registered Address	28 Narel Sharpe Close, Smethwick B66 1TU	Trading Address	28 Narel Sharpe Close, Smethwick, West Midlands B66 1TU
Website Address	-
Telephone Number	-	Fax Number	-
TPS	-	FPS	No
Incorporation Date	25/04/2012	Type	Private Limited With Share Capital
Previous Name	-	Company Number	08045875
Filling Date of Accounts	11/03/2015	Date of Change	-
Share Capital	£100	Currency	GBP
Charity Number	-	SIC07	45310
SIC07 Description	Wholesale trade of motor vehicle parts and accessories.	Principal Activity

Key Financials

Year to Date	Turnover	Pre Tax Profit	Shareholder	Funds Employees
31/01/2015	-	-	£117,787	-
30/04/2014	-	-	-	-
30/04/2014	-	-	-	-

Commentary

This company has been treated as a Small company

There has been an increase in shareholders funds compared with the previous balance sheet.

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 -	-

Current directors

Name	Sarvodaya Jain	Date of Birth	04/10/1959
Officers Title	Mr	Nationality	British
Present Appointments	2	Function	Director
Appointment Date	25/04/2012
Address	28 Narel Sharpe Close, Smethwick, B66 1TU

Current company secretary

TOP 20 SHAREHOLDERS

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SARVODAYA JAIN	GBP	100	ORDINARY	1	100

Profit & Loss

Date Of Accounts	31/01/15	(%)	30/04/14	(%)	30/04/13	(%)	-	(%)	-
Weeks	39	(%)	52	(%)	52	(%)	-	(%)	-
Currency	GBP	(%)	GBP	(%)	GBP	(%)	-	(%)	-
Consolidated A/cs	N	(%)	N	(%)	N	(%)	-	(%)	-
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	-	-	-	-	-	-	-	-	-
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance sheet

Date Of Accounts	31/01/15	(%)	30/04/14	(%)	30/04/13	(%)	-	(%)	-
Tangible Assets	0	-	0	-	0	-	-	-	-
Intangible Assets	0	-	0	-	0	-	-	-	-
Total Fixed Assets	0	-	0	-	0	-	-	-	-
Stock	0	-	0	-	0	-	-	-	-
Trade Debtors	£657,198	-	0	-	0	-	-	-	-
Cash	£9,758	-	0	-	0	-	-	-	-
Other Debtors	0	-	0	-	0	-	-	-	-
Miscellaneous Current Assets	0	-	0	-	0	-	-	-	-
Total Current Assets	£666,956	-	0	-	0	-	-	-	-
Trade Creditors	0	-	0	-	0	-	-	-	-
Bank Loans & Overdrafts	0	-	0	-	0	-	-	-	-
Other Short Term Finance	0	-	0	-	0	-	-	-	-
Miscellaneous Current Liabilities	0	-	0	-	0	-	-	-	-
Total Current Liabilities	0	-	0	-	0	-	-	-	-
Bank Loans & Overdrafts and LTL	£549,169	-	0	-	0	-	-	-	-
Other Long Term Finance	0	-	0	-	0	-	-	-	-
Total Long Term Liabilities	£549,169	-	0	-	0	-	-	-	-

Capital & Reserves

Date Of Accounts	31/01/15	(%)	30/04/14	(%)	30/04/13	(%)	-	(%)	-
Called Up Share Capital	£100,000	-	-	-	-	-	-	-	-
P & L Account Reserve	£17,787	-	-	-	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£117,787	-	-	-	-	-	-	-	-

Other Financial items

Date Of Accounts	31/01/15	(%)	30/04/14	(%)	30/04/13	(%)	-	(%)	-
Net Worth	£117,787	-	-	-	-	-	-	-	-
Working Capital	£666,956	-	-	-	-	-	-	-	-
Total Assets	£666,956	-	-	-	-	-	-	-	-
Total Liabilities	£549,169	-	-	-	-	-	-	-	-
Net Assets	£117,787	-	-	-	-	-	-	-	-

Cash Flow

Date Of Accounts	31/01/15	(%)	30/04/14	(%)	30/04/13	(%)	-	(%)	-
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/01/15	(%)	30/04/14	(%)	30/04/13	(%)	-	(%)	-
Contingent Liability	NO	-	NO	-	NO	-	-	-	-
Capital Employed	£666,956	-	-	-	-	-	-	-	-
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers
Bank Branch Code

Ratios

Date Of Accounts	31/01/15	30/04/14	30/04/13	-	-
Pre-tax profit margin %	-	-	-	-	-
Current ratio	-	-	-	-	-
Sales/Net Working Capital	-	-	-	-	-
Gearing %	466.20	0	0	-	-
Equity in %	17.70	-	-	-	-
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	-	-	-	-	-
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	-	-	-	-	-
Total Debt Ratio	4.66	-	-	-	-
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Status History

No status history found

Event History

Date	Description
13/03/2015	New Accounts Filed
13/12/2014	New Accounts Filed
13/05/2014	Annual Returns
24/01/2014	New Accounts Filed
11/05/2013	Annual Returns
27/04/2012	New Board Member S. Jain appointed

Previous Company Names

No previous names found

Writ Details

No writs found

Previous Director/Company Secretaries

No previous director details

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.62.59
UK Pound	1	Rs.92.46
Euro	1	Rs.67.51

INFORMATION DETAILS

Analysis Done by :	SUB

Report Prepared by :	TPT

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%)

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.