MIRA INFORM REPORT
|
Report No. : |
316733 |
|
Report Date : |
13.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
GB PHARMA LIMITED |
|
|
|
|
Registered Office : |
Access House Suite 9210141 Morden Roadmitchamcr 4 4DG |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
05.03.2012 |
|
|
|
|
Com. Reg. No.: |
02694337 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of pharmaceutical goods |
|
|
|
|
No. of Employee : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 |
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
name and address
GB PHARMA LIMITED
COMPANY NO:
02694337
REGISTERED ADDRESS:
ACCESS HOUSE SUITE 9210141 MORDEN ROADMITCHAMCR4 4DG
Company Summary
|
Registered
Address |
ACCESS
HOUSE SUITE 9210 141 MORDEN ROAD MITCHAM CR4 4DG |
Trading
Address |
Access
House 141 Morden Road Mitcham Surrey CR4 4DG |
|
Website
Address |
http://www.gbpharma.co.uk |
|
|
|
Telephone
Number |
-- |
Fax Number |
-- |
|
TPS |
-- |
FPS |
No |
|
Incorporation
Date |
05/03/1992 |
|
|
|
Previous
Name |
-- |
Type |
Private
limited with Share Capital |
|
FTSE Index |
-- |
Date of
Change |
-- |
|
Filing Date
of Accounts |
30/12/2014 |
Currency |
GBP |
|
Share
Capital |
£2 |
SIC07 |
46460 |
|
Charity
Number |
|
|
|
|
SIC07
Description |
WHOLESALE
OF PHARMACEUTICAL GOODS |
||
|
Principal
Activity |
Wholesale
of pharmaceutical goods. |
||
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31.03.2014 |
-- |
-- |
£2,175 |
-- |
|
31.03.2013 |
-- |
-- |
£904 |
-- |
|
31.03.2012 |
-- |
-- |
£1,507 |
-- |
Mortgage Summary
Total Mortgage 1
Outstanding 1
Satisfied 0
Trade Debtors / Bad Debt Summary
Total Number of Documented Trade 0
Total Value of Documented Trade £0
Commentary
|
This company has been treated as a Small company
in respect of the rating/limit generated. |
|
|
The latest Balance Sheet indicates a
negative net working capital position. |
|
|
The latest cash balances represent a
positive level in terms of the overall outstanding creditor obligations. |
|
|
There has been an increase in shareholders
funds compared with the previous balance sheet. |
|
|
This company trades in an industry with a
moderate level of corporate failures. |
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 - |
- |
|
Total Current Directors |
1 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
3 |
Current Directors
|
Name |
Pardeep Batra |
Date of Birth |
16/02/1958 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
5 |
Function |
Director |
|
Appointment Date |
05/02/2000 |
||
|
Address |
65 Chatsworth Road, Brondesbury, London,
NW2 4BG |
||
Current Company Secretary
|
Name |
Elzbieta Batra |
Date of Birth |
05/09/1962 |
|
Officers Title |
Ms |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Company Secretary |
|
Appointment Date |
31/10/2002 |
||
|
Address |
65 Chatsworth Road, Bondesbury, London, NW2
4BG |
||
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MR PARDEEP BATRA |
GBP |
1 |
ORDINARY |
1 |
50 |
|
ELZBIETA BATRA |
GBP |
1 |
ORDINARY |
1 |
50 |
Profit & Loss
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
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 |
£1,997 |
114.3% |
£932 |
-45.3% |
£1,704 |
2.9% |
£1,656 |
24.6% |
£1,329 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Tangible Assets |
£5,991 |
-4.1% |
£6,249 |
22.2% |
£5,113 |
53.1% |
£3,340 |
-16.2% |
£3,988 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£5,991 |
-4.1% |
£6,249 |
22.2% |
£5,113 |
53.1% |
£3,340 |
-16.2% |
£3,988 |
|
Stock |
0 |
- |
0 |
- |
0 |
-100% |
£75,955 |
- |
0 |
|
Trade Debtors |
£458,153 |
0% |
£457,978 |
329.6% |
£106,597 |
-80.4% |
£545,235 |
380.3% |
£113,522 |
|
Cash |
£193,533 |
597% |
£27,766 |
-80% |
£138,543 |
59.2% |
£87,038 |
-63.4% |
£238,009 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£651,686 |
34.2% |
£485,744 |
98.1% |
£245,140 |
-65.4% |
£708,228 |
101.5% |
£351,531 |
|
Trade Creditors |
£655,502 |
33.5% |
£491,089 |
97.4% |
£248,746 |
-65% |
£710,974 |
100.2% |
£355,201 |
|
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 |
£655,502 |
33.5% |
£491,089 |
97.4% |
£248,746 |
-65% |
£710,974 |
100.2% |
£355,201 |
|
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 |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Called Up Share Capital |
£2 |
- |
£2 |
- |
£2 |
- |
£2 |
- |
£2 |
|
P & L Account Reserve |
£2,173 |
140.9% |
£902 |
-40.1% |
£1,505 |
154.2% |
£592 |
87.3% |
£316 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£2,175 |
140.6% |
£904 |
-40% |
£1,507 |
153.7% |
£594 |
86.8% |
£318 |
Other Financial Items
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net Worth |
£2,175 |
140.6% |
£904 |
-40% |
£1,507 |
153.7% |
£594 |
86.8% |
£318 |
|
Working Capital |
-£3,816 |
28.6% |
-£5,345 |
-48.2% |
-£3,606 |
-31.3% |
-£2,746 |
25.2% |
-£3,670 |
|
Total Assets |
£657,677 |
33.7% |
£491,993 |
96.6% |
£250,253 |
-64.8% |
£711,568 |
100.1% |
£355,519 |
|
Total Liabilities |
£655,502 |
33.5% |
£491,089 |
97.4% |
£248,746 |
-65% |
£710,974 |
100.2% |
£355,201 |
|
Net Assets |
£2,175 |
140.6% |
£904 |
-40% |
£1,507 |
153.7% |
£594 |
86.8% |
£318 |
Miscellaneous
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£2,175 |
140.6% |
£904 |
-40% |
£1,507 |
153.7% |
£594 |
86.8% |
£318 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|
|
Auditor Comments |
The company is exempt from audit |
|
Bankers |
THE ROYAL BANK OF SCOTLAND PLC |
|
Bank Branch Code |
15-10-00 |
Ratios
|
Date Of Accounts |
31/03/14 |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
0.99 |
0.99 |
0.99 |
1 |
0.99 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
0 |
0 |
0 |
0 |
0 |
|
Equity in % |
0.30 |
0.20 |
0.60 |
0.10 |
0.10 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
0.99 |
0.98 |
0.98 |
0.88 |
0.98 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
301.38 |
543.24 |
165.06 |
1196.92 |
1116.98 |
|
Total Debt Ratio |
301.38 |
543.24 |
165.06 |
1196.92 |
1116.98 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
15/03/2015 |
Annual Returns |
|
04/01/2015 |
New Accounts Filed |
|
09/09/2014 |
Change in Reg.Office |
|
09/09/2014 |
Change of Company Postcode |
|
18/08/2014 |
Change in Reg.Office |
|
18/08/2014 |
Change of Company Postcode |
|
15/08/2014 |
Change in Reg.Office |
|
15/08/2014 |
Change of Company Postcode |
|
29/03/2014 |
Annual Returns |
|
04/01/2014 |
New Accounts Filed |
|
06/04/2013 |
Annual Returns |
|
26/01/2013 |
New Accounts Filed |
|
08/01/2013 |
New Accounts Filed |
|
23/03/2012 |
Annual Returns |
|
03/01/2012 |
New Accounts Filed |
Previous Company Names
|
No Previous Names found |
Writ Details
|
No writs found |
Statistics
|
Group |
- |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group StructureFull
No Group Structure
Mortgage Details
|
Mortgage Type: |
CHARGE OVER CREDIT BALANCES |
||
|
Date Charge Created: |
04/12/96 |
||
|
Date Charge Registered: |
13/12/96 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
THE SUM OF US $22,000 TOGETHER WITH
INTEREST ACCRUED NOW OR TO BE HELD BY NATIONAL WESTMINSTER BANKPLC ON AN
ACCOUNT NUMBERED 140/01/06117260 AND EARMARKED ORDESIGNATED BY REFERENCE TO
THE COMPANY |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
Elzbieta Batra |
3 |
2 |
|
Pardeep Batra |
5 |
3 |
|
SWIFT INCORPORATIONS LIMITED |
2579 |
263489 |
|
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. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
|
|
1 |
Rs.91.60 |
|
Euro |
1 |
Rs.66.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
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.