|
Report No. : |
312035 |
|
Report Date : |
11.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SONAGOLD LIMITED |
|
|
|
|
Registered Office : |
1st Floor, 37 Panton Street, London, SW1Y 4EA |
|
|
|
|
Country : |
United
Kingdom |
|
|
|
|
Financials (as on) : |
31.08.2013 |
|
|
|
|
Date of Incorporation : |
23.04.2002 |
|
|
|
|
Com. Reg. No.: |
04422234 |
|
|
|
|
Legal Form : |
Private Limited With Share Capital |
|
|
|
|
Line of Business : |
·
Other Business Support Service Activities ·
Accounts data converted from US dollars. |
|
|
|
|
No. of Employees : |
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 |
|
Registered Address |
1st Floor, 37 Panton Street, London, SW1Y 4EA |
Trading Address |
1st Floor, 37 Panton Street, London, SW1Y 4EA |
|
Incorporation Date |
23/04/2002 |
Company No. |
04422234 |
|
Currency |
GBP |
FPS |
No |
|
SIC07 |
82990 |
Type |
Private Limited With Share Capital |
|
SIC07 Description |
Other Business Support Service Activities N.E.C. |
Filling Date of Accounts |
17/07/2014 |
|
Principal Activity |
Accounts data converted from US dollars. |
Share Capital |
£100 |
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31/08/2013 |
-- |
-- |
£28,827 |
-- |
|
31/08/2012 |
-- |
-- |
£23,943 |
-- |
|
31/08/2011 |
-- |
-- |
£23,342 |
-- |
· This company has been treated as a Small company in respect of the rating/limit generated.
· The latest Balance Sheet indicates a very positive 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.
|
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 - |
- |
|
Name |
Devaraj Baul |
Date of Birth |
07/07/1971 |
|
Officers Title |
Mr |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
28/05/2013 |
||
|
Address |
1st Floor, 37 Panton Street, London, SW1Y 4EA |
||
|
Name |
RKG TRUSTEE SERVICES LIMITED |
Date of Birth |
- |
|
Officers Title |
Nationality |
||
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
01/12/2009 |
||
|
Address |
37 Panton Street, London, SW1Y 4EA |
||
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share
Count |
|
DEVARAJ BAUL |
GBP |
100 |
ORDINARY |
1 |
100 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
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 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Tangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade Debtors |
£7,132 |
-74.6% |
£28,127 |
-88.4% |
£243,275 |
2.9% |
£236,494 |
4.7% |
£225,872 |
|
Cash |
£37,289 |
84.3% |
£20,230 |
2.1% |
£19,808 |
999.9% |
£764 |
-97.3% |
£28,243 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£44,421 |
-8.1% |
£48,357 |
-81.6% |
£263,083 |
10.9% |
£237,258 |
-6.6% |
£254,115 |
|
Trade Creditors |
£12,669 |
-42.2% |
£21,927 |
-90.7% |
£236,920 |
11.3% |
£212,792 |
-9.8% |
£235,787 |
|
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 |
£12,669 |
-42.2% |
£21,927 |
-90.7% |
£236,920 |
11.3% |
£212,792 |
-9.8% |
£235,787 |
|
Bank Loans & Overdrafts and LTL |
£2,924 |
17.6% |
£2,487 |
-11.8% |
£2,821 |
-44.8% |
£5,109 |
81.2% |
£2,820 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£2,924 |
17.6% |
£2,487 |
-11.8% |
£2,821 |
-44.8% |
£5,109 |
81.2% |
£2,820 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Called Up Share Capital |
£117 |
- |
£117 |
-10.5% |
£131 |
2.5% |
£128 |
3.8% |
£123 |
|
P & L Account Reserve |
£28,710 |
20.5% |
£23,826 |
2.6% |
£23,212 |
20.7% |
£19,229 |
25% |
£15,384 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£28,827 |
20.4% |
£23,943 |
2.6% |
£23,342 |
20.6% |
£19,356 |
24.8% |
£15,507 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Net Worth |
£28,827 |
20.4% |
£23,943 |
2.6% |
£23,342 |
20.6% |
£19,356 |
24.8% |
£15,507 |
|
Working Capital |
£31,752 |
20.1% |
£26,430 |
1% |
£26,163 |
6.9% |
£24,466 |
33.5% |
£18,328 |
|
Total Assets |
£44,421 |
-8.1% |
£48,357 |
-81.6% |
£263,083 |
10.9% |
£237,258 |
-6.6% |
£254,115 |
|
Total Liabilities |
£15,593 |
-36.1% |
£24,414 |
-89.8% |
£239,741 |
10% |
£217,902 |
-8.7% |
£238,608 |
|
Net Assets |
£28,827 |
20.4% |
£23,943 |
2.6% |
£23,342 |
20.6% |
£19,356 |
24.8% |
£15,507 |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
31/08/13 |
(%) |
31/08/12 |
(%) |
31/08/11 |
(%) |
31/08/10 |
(%) |
31/08/09 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£31,752 |
20.1% |
£26,430 |
1% |
£26,163 |
6.9% |
£24,466 |
33.5% |
£18,328 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|||||||||
|
Auditor Comments |
The company is exempt from audit |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
|
Date Of Accounts |
31/08/13 |
31/08/12 |
31/08/11 |
31/08/10 |
31/08/09 |
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
Current ratio |
3.51 |
2.21 |
1.11 |
1.11 |
1.08 |
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
Gearing % |
10.10 |
10.40 |
12.10 |
26.40 |
18.20 |
|
Equity in % |
64.90 |
49.50 |
8.90 |
8.20 |
6.10 |
|
Creditor Days |
- |
- |
- |
- |
- |
|
Debtor Days |
- |
- |
- |
- |
- |
|
Liquidity/Acid Test |
3.50 |
2.20 |
1.11 |
1.11 |
1.07 |
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
Current Debt Ratio |
0.43 |
0.91 |
10.14 |
10.99 |
15.20 |
|
Total Debt Ratio |
0.54 |
1.01 |
10.27 |
11.25 |
15.38 |
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
There are no notes to display
No status history found
|
Date |
Description |
|
11/01/2015 |
Annual Returns |
|
22/07/2014 |
New Accounts Filed |
|
22/07/2014 |
New Accounts Filed |
|
27/06/2014 |
Annual Returns |
|
08/03/2014 |
Annual Returns |
|
06/03/2014 |
S. Gupta has left the board |
|
06/03/2014 |
New Board Member Mr D. Baul appointed |
|
05/06/2013 |
New Accounts Filed |
|
05/06/2013 |
New Accounts Filed |
|
17/12/2012 |
Annual Returns |
|
01/06/2012 |
New Accounts Filed |
|
01/06/2012 |
New Accounts Filed |
|
13/12/2011 |
Annual Returns |
|
06/09/2011 |
New Accounts Filed |
|
06/09/2011 |
New Accounts Filed |
No Previous Name Found
No writs found
No group structure
|
NAME |
CURRENT
DIRECTORSHIPS |
PREVIOUS
DIRECTORSHIPS |
|
DIPAK SEN GUPTA |
4 |
1 |
|
PRIMECHANCE LIMITED |
70 |
11 |
|
TANMAY CHAKRABARTY |
0 |
1 |
|
HETTI SAMANALA |
0 |
1 |
|
RKG CONSULTING LTD |
0 |
4 |
|
SOULEYMANE SOUMAHORO |
7 |
3 |
|
SOMDEV GUPTA |
0 |
1 |
|
TOTAL COMPANY FORMATIONS LIMITED |
76 |
1542 |
|
TOTAL COMPANY SECRETARIES LIMITED |
117 |
1569 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.70 |
|
|
1 |
Rs.94.55 |
|
Euro |
1 |
Rs.67.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.