|
Report No. : |
308370 |
|
Report Date : |
19.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
G P SUPPLIES LIMITED |
|
|
|
|
Registered Office : |
Concept House 6 Mcnicol Drive London NW10 7AW |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
30.09.2013 |
|
|
|
|
Date of Incorporation : |
19.09.2000 |
|
|
|
|
Com. Reg. No.: |
04074035 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of pharmaceutical goods |
|
|
|
|
No. of Employee : |
Not Available |
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 |
|
|
|
|
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 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 Ł375 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 |
G P SUPPLIES LIMITED
G
P SUPPLIES LIMITED Telephone 020 8961 5567
CONCEPT
HOUSE 6 MCNICOL DRIVE Fax -
LONDON
Website
www.gpsupplies.com
NW10 7AW
United Kingdom
Company
Number: 04074035 Status:
Active - Accounts Filed
Foundation:
19/09/2000 VAT
No: GB761327928
This company has made late payments on a medium percentage of invoices. There has been a reduction in shareholders funds compared with the previous balance sheet.
This company has been treated as a Small company. The latest Balance Sheet indicates a positive net working capital position. This company trades in an industry with a moderate level of corporate failures.
LEGAL
FORM
Private
limited with Share Capital
FOUNDATION
19/09/2000
COMPANY
NO.
04074035
SHAREHOLDERS
|
Name |
Currency |
Number of shares |
Share type |
Nominal value |
|
MYRIAD HOLDINGS LTD |
GBP |
2 |
ORDINARY |
1 |
|
Total Share Capital |
|
|
|
GBP 2 |
MANAGEMENT
|
Directors |
|
|
|
|
|
Name |
Address: |
Date
of birth |
Nationality
date |
Appointment |
|
Mr Kamalkumar Shah |
1 Nottingham Terrace, London NW1 4QB |
06/02/1955 |
British |
19/09/2000 |
|
Mrs Shila Shah |
1 Nottingham Terrace, London NW1 4QB |
27/06/1955 |
British |
19/09/2000 |
|
|
|
|
|
|
COMPANY SECRETARY
|
Name |
Address: |
Appointment |
|
Mrs Shila Shah |
1 Nottingham Terrace, London NW1 4QB |
19/09/2000 |
Concept House, 6 McNicol Drive, London NW10 7AW
|
Company No. |
Name |
Status |
Country |
|
Ultimate parent |
|
|
|
|
04606762 |
MYRIAD HOLDINGS LIMITED |
Active |
United Kingdom |
|
Affiliated companies |
|
|
|
|
03562437 |
MYRIAD MEDICAL SUPPLIES
LIMITED |
Active |
United Kingdom |
|
04830512 |
G P SUPPLIES UK LIMITED |
Non Trading |
United Kingdom |
|
05400139 |
NURSING HOME SUPPLIES LIMITED |
Non Trading |
United Kingdom |
|
05642677 |
CARE HOMES SUPPLIES LIMITED |
Non Trading |
United Kingdom |
|
05642712 |
CARE HOMES SUPPLIES (UK)
LIMITED |
Non Trading |
United Kingdom |
|
08387917 |
GP MEDICAL SUPPLIES LIMITED |
Non Trading |
United Kingdom |
|
Immediate parent |
|
|
|
|
04606762 |
MYRIAD HOLDINGS LIMITED |
Active |
United Kingdom |
|
|
|
|
|
Main activity
Principal Activity Wholesale of pharmaceutical goods
SIC03 Wholesale of pharmaceutical goods
SIC07 Wholesale of pharmaceutical goods
|
Turnover
and Employees |
|
|
|
Date
of Accounts |
Turnover |
Employees |
|
31/12/2011 |
Not Stated |
Not Stated |
|
30/09/2012 |
Not Stated |
Not Stated |
|
30/09/2013 |
Not Stated |
Not Stated |
|
Events |
|
|
Company
history |
|
|
Date |
Action |
|
15/09/2010 |
New Accounts Filed |
|
13/10/2010 |
Annual Returns |
|
06/07/2011 |
Mr A. Roberts has left the board |
|
01/08/2011 |
New Accounts Filed |
|
05/10/2011 |
Annual Returns |
|
13/07/2012 |
New Accounts Filed |
|
28/09/2012 |
Annual Returns |
|
07/05/2013 |
New Accounts Filed |
|
26/09/2013 |
Annual Returns |
|
03/06/2014 |
New Accounts Filed |
|
08/10/2014 |
Annual Returns |
County Court
Judgments (CCJs)
There are no County Court Judgments listed against this company
PROFIT & LOSS
|
|
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
|
|
|
|
|
|
Turnover |
0 |
0 |
0 |
0 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
|
Wages And Salaries |
0 |
0 |
0 |
0 |
|
Directors Emoluments |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
|
Depreciation |
12,363 |
7,996 |
14,213 |
18,891 |
|
Audit Fees |
0 |
0 |
0 |
- |
|
Interests Payments |
- |
- |
- |
- |
|
Pre Tax Profit |
0 |
0 |
0 |
0 |
|
Taxation |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
BALANCE SHEET
|
|
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
|
|
|
|
|
|
Tangible Assets |
37,085 |
34,647 |
42,643 |
56,671 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
37,085 |
34,647 |
42,643 |
56,671 |
|
Stock |
144,016 |
383,230 |
501,740 |
235,995 |
|
Trade Debtors |
317,125 |
177,575 |
534,872 |
143,211 |
|
Cash |
39,943 |
51,580 |
25,372 |
29,788 |
|
Other Debtors |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
501,084 |
612,385 |
1,061,984 |
408,994 |
|
Trade Creditors |
384,440 |
461,089 |
926,731 |
260,774 |
|
Bank Loans and Overdraft |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Liabilities |
0 |
0 |
0 |
0 |
|
Total Current Liabilities |
384,440 |
461,089 |
926,731 |
260,774 |
|
Bank Loans and Overdrafts LTL |
4,138 |
3,115 |
4,095 |
6,081 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
4,138 |
3,115 |
4,095 |
6,081 |
CAPITAL
& RESERVES
|
|
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
|
|
|
|
|
|
Called Up Share Capital |
2 |
2 |
2 |
2 |
|
P and L Account Reserve |
149,589 |
182,826 |
173,799 |
198,808 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
149,591 |
182,828 |
173,801 |
198,810 |
OTHER FINANCIAL
ITEMS
|
|
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
|
|
|
|
|
|
Net Worth |
149,591 |
182,828 |
173,801 |
198,810 |
|
Working Capital |
116,644 |
151,296 |
135,253 |
148,220 |
|
Total Assets |
538,169 |
647,032 |
1,104,627 |
465,665 |
|
Total Liabilities |
388,578 |
464,204 |
930,826 |
266,855 |
|
Net Assets |
149,591 |
182,828 |
173,801 |
198,810 |
CASH FLOW
|
|
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
|
|
|
|
|
|
Net Cash Flow from Operations |
0 |
0 |
0 |
0 |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
-11,637 |
26,208 |
-4,416 |
-63,449 |
MISCELLANEOUS
|
|
30/09/2013 52 GBP Group: No |
30/09/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
|
|
|
|
|
|
Capital Employed |
153,729 |
185,943 |
177,896 |
204,891 |
FINANCIAL RATIOS
|
Name |
30/09/2013 |
30/09/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
|
Pre Tax Profit Margin |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Ration |
1.30 |
1.33 |
1.15 |
1.57 |
|
Sales or Net Working Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
2.77 % |
1.70 % |
2.36 % |
3.06 % |
|
Equity |
27.80 % |
28.26 % |
15.73 % |
42.69 % |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity or Acid test |
0.92 |
0.49 |
0.60 |
0.66 |
|
Return on Capital Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Total Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Debt Ratio |
2.56 % |
2.52 % |
5.33 % |
1.31 % |
|
Name |
30/09/2013 |
30/09/2012 |
31/12/2011 |
31/12/2010 |
|
|
|
|
|
|
|
Total Debt Ratio |
2.59 % |
2.53 % |
5.35 % |
1.34 % |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
The abbreviated balance sheet reports the financial position as weaker with a loss in the last financial year, but
shareholder’s funds remain at an acceptable level. Remains to be seen how the company trades in the financial year ended September 2014
Apparent Net Loss Year Ended 30/09/2013 - 33,237GBP
Apparent Net Profit Year Ended 30/09/2012 - 9,027GBP
Activity: through the internet can supply pharmaceuticals including vaccines, medical equipment including branded stethoscopes, otoscopes, diagnostic sets, traditional and electronic blood-pressure monitors, medical weighing scales, medical furniture, mobility aids, medical disposables and many more items for a GP surgery, nursing home, medical students, speciality clinics and industries.
Trading Address confirmed : Concept House 6 McNicol Drive Park Royal London - NW10 7AW
Branches: None
Employees: 10-15
Bank: HSBC Bank PLC
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 expectsed 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.