MIRA INFORM REPORT

Report No. :	340387
Report Date :	12.09.2015

IDENTIFICATION DETAILS

Name :	K D CONCEPTS LTD
Formerly Known As :	K.D. GOLD LIMITED
Registered Office :	5 Milne Field Pinner Middlesex HA5 4DP
Country :	United Kingdom
Financials (as on) :	30.09.2014
Date of Incorporation :	20.09.1994
Com. Reg. No.:	02970367
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesale of metals and metal ores Wholesale of households 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 – March 31, 2015

Country Name	Previous Rating (31.12.2014)	Current Rating (31.03.2015)
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. 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 has been a net importer of energy since 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.

In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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).

Source : CIA

Company Name

K D CONCEPTS LTD

Company No

02970367

Registered Address

5 MILNE FIELD PINNER MIDDLESEX HA5 4DP

Company Summary

Registered Address

5 MILNE FIELD
PINNER
MIDDLESEX
HA5 4DP

Trading Address

5 Milne Feild
Pinner
Middlesex
HA5 4DP

Website Address -

Telephone Number -

Fax Number

TPS -

FPS No

Incorporation Date 20/09/1994

Previous Name K.D. GOLD LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 24/11/2014

Filing Date of Accounts 30/06/2015

Currency GBP

Share Capital £1,000

SIC07 46720

Charity Number -

SIC07 Description WHOLESALE OF METALS AND METAL ORES

Principal Activity Wholesale of households goods.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

30/09/2014 - - £822,750 -

30/09/2013 - - £717,624 -

30/09/2012 - - £578,684 -

Mortgage Summary

Total Mortgage 3

Outstanding 3

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 very positive net working capital position.

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	2
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	2

Current Directors

Name	Arvind Devji	Date of Birth	11/08/1963
Officers Title		Nationality	British
Present Appointments	2	Function	Director
Appointment Date	20/07/1998
Address	5 Milne Field, Pinner, Middlesex, HA5 4DP

Name	Alpa Devji	Date of Birth	24/11/1967
Officers Title	Ms	Nationality	British
Present Appointments	1	Function	Director
Appointment Date	01/02/2001
Address	5 Milne Field, Pinner, Middlesex, HA5 4DP

Current Company Secretary

Name	Arvind Devji	Date of Birth	11/08/1963
Officers Title		Nationality	British
Present Appointments	2	Function	Company Secretary
Appointment Date	20/07/1998
Address	5 Milne Field, Pinner, Middlesex, HA5 4DP

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
ALPA DEVJI	GBP	500	ORDINARY	1	50
ARVIND DEVJI	GBP	500	ORDINARY	1	50

Financials

PROFIT & LOSS

Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
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	£591	48.5%	£398	7.9%	£369	3.4%	£357	-25.2%	£477
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

BALANCE SHEET

Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
Tangible Assets	£1,776	48.7%	£1,194	7.7%	£1,109	3.3%	£1,074	-24.9%	£1,431
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£1,776	48.7%	£1,194	7.7%	£1,109	3.3%	£1,074	-24.9%	£1,431
Stock	£986,711	11.5%	£885,106	42.2%	£622,551	65.8%	£375,557	16.8%	£321,605
Trade Debtors	£840,890	-5.8%	£892,621	22.4%	£729,479	39.4%	£523,458	38%	£379,393
Cash	£134,284	-34.5%	£204,898	250.9%	£58,394	-62.1%	£153,913	268.2%	£41,807
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£1,961,885	-1%	£1,982,625	40.6%	£1,410,424	34%	£1,052,928	41.8%	£742,805
Trade Creditors	£1,140,911	11.7%	£1,021,179	61.9%	£630,788	43.5%	£439,684	45.7%	£301,723
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-100%	£245,016	21.3%	£202,061	20.5%	£167,714	55%	£108,219
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-100%	£2,500
Total Current Liabilities	£1,140,911	-9.9%	£1,266,195	52%	£832,849	37.1%	£607,398	47.3%	£412,442
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	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
Called Up Share Capital	£1,000	-	£1,000	-	£1,000	-	£1,000	-	£1,000
P & L Account Reserve	£821,750	14.7%	£716,624	24.1%	£577,684	29.6%	£445,604	34.7%	£330,794
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	-	-	-	-	-	-	-	-	-
Shareholder Funds	£822,750	14.6%	£717,624	24%	£578,684	29.6%	£446,604	34.6%	£331,794

OTHER FINANCIAL ITEMS

Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
Net Worth	£822,750	14.6%	£717,624	24%	£578,684	29.6%	£446,604	34.6%	£331,794
Working Capital	£820,974	14.6%	£716,430	24%	£577,575	29.6%	£445,530	34.9%	£330,363
Total Assets	£1,963,661	-1%	£1,983,819	40.5%	£1,411,533	33.9%	£1,054,002	41.6%	£744,236
Total Liabilities	£1,140,911	-9.9%	£1,266,195	52%	£832,849	37.1%	£607,398	47.3%	£412,442
Net Assets	£822,750	14.6%	£717,624	24%	£578,684	29.6%	£446,604	34.6%	£331,794

CASH FLOW

Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

MISCELLANEOUS

Date Of Accounts	30/09/14	(%)	30/09/13	(%)	30/09/12	(%)	30/09/11	(%)	30/09/10
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£822,750	14.6%	£717,624	24%	£578,684	29.6%	£446,604	34.6%	£331,794
Number of Employees	-	-	-	-	-	-	-	-	-
Accountants
Auditors
Auditor Comments	The company is exempt from audit
Bankers	HSBC BANK PLC
Bank Branch Code

RATIOS

Date Of Accounts	30/09/14	30/09/13	30/09/12	30/09/11	30/09/10
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.72	1.57	1.69	1.73	1.80
Sales/Net Working Capital	-	-	-	-	-
Gearing %	0	0	0	0	0
Equity in %	41.90	36.20	41	42.40	44.60
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	0.85	0.86	0.94	1.11	1.02
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	1.38	1.76	1.43	1.36	1.24
Total Debt Ratio	1.38	1.76	1.43	1.36	1.24
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Previous Company Names

Date	Previous Name
24/11/2014	K.D. GOLD LIMITED

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure Full

No Group Structure

Mortgage Details

Mortgage Type:
Date Charge Created:	21/11/14
Date Charge Registered:	27/11/14
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC;
Amount Secured:
Details:	F/H 438-440 RAYNERS LANE MIDDLESEX NGL 314625CONTAINS NEGATIVE PLEDGE.

Mortgage Type:	DEBENTURE
Date Charge Created:	07/08/09
Date Charge Registered:	08/08/09
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	HSBC BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

Mortgage Type:	FIXED AND FLOATING CHARGE
Date Charge Created:	24/12/96
Date Charge Registered:	02/01/97
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	MIDLAND BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL GOODWILL BOOKDEBTS AND PATENTS

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Hema Devji	0	1
Sonal Mavji	0	1

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.

	Within Terms	0-30 Days	31-60 Days	61-90 Days	91+ Days
Paid
Outstanding

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.39
UK Pound	1	Rs.102.59
Euro	1	Rs.74.90

INFORMATION DETAILS

Analysis Done by :	TRI
Report Prepared by :	ASH

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.