MIRA INFORM REPORT

 

 

Report No. :

501872

Report Date :

03.04.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

LENDAK LIMITED

 

 

Formerly Known As :

INTERGLOBE TRADERS LIMITED

 

 

Registered Office :

15 Woodridge Way Northwood MiddleSEX HA6 2BE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

24.02.1984

 

 

Com. Reg. No.:

01794868

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

·         Agents involved in the sale of a variety of goods

·         Confirmers, importers and commission agents.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

United Kingdom

A1

A1

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

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; 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 then CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which has continued under the new Conservative majority government. However, the deficit still remains one of the highest in the G7, standing at 4.1% of GDP as of mid-2016, and Britain has pledged to lower its corporation tax from 20% to 17% by 2020. Britain had a debt burden of 92.2% GDP at the end of 2016.

While the UK is one of the fastest growing economies in the G7, economists are concerned about the potential negative impact of the UK’s vote to leave the EU. The UK has an extensive trade relationship with other EU members through its single market membership and economic observers have warned the exit will jeopardize its position as the central location for European financial services.

 

Source : CIA

 

Company Name and address

 

Company name             LENDAK LIMITED

Address:                       15 WOODRIDGE WAY NORTHWOOD MIDDLESEX HA6 2BE

Company No                 01794868

Company Status           Active - Accounts Filed

 

 

Company Summary

 

Registered Address                   15 WOODRIDGE WAY, NORTHWOOD, MIDDLESEX, HA6 2BE

 

Trading Address                        15 Woodridge Way, Northwood, Middlesex HA6 2BE

Website Address                       -

Telephone Number                    -

Fax Number

TPS                                          -

FPS                                          Yes

Incorporation Date                     24/02/1984

Previous Name                          INTERGLOBE TRADERS LIMITED

Type                                         Private limited with Share Capital

FTSE Index                               -

Date of Change                         09/04/1984

Filing Date of Accounts                         22/09/2017

Currency                                   GBP

Share Capital                            £1,000

SIC07                                       46190

Charity Number                         -

SIC07 Description                     AGENTS INVOLVED IN THE SALE OF A VARIETY OF GOODS

Principal Activity                       Confirmers, importers and commission agents.

 

 

Additional Information

 

CCJ's                                       0 (£0)

No CCJ Information To Display

 

Ultimate Holding Company        -

Accountant                               -

Mortgages                                0

Group                                       0 companies

Linkages                                   0 companies

Countries                                  In 0 countries

 

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit   Shareholder's Funds    Employees

31/03/2017        -                       -                       £35,368                         -

31/03/2016        -                       -                       £29,704                         -

31/03/2015        -                       -                       £22,957                         -

 

 

Mortgage Summary

 

Total Mortgage                                      0

Outstanding                                          0

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.

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

0

Total Previous Directors / Company Secretaries

3

Total Person's With Significant Control

1

 

 

Current Directors

 

Title

Ms

Function

Director

Name

Marie Therese Picardo

Nationality

British

Date of Birth

05/1955

Present Appointments

1

Latest Address

15 Woodridge Way, Northwood, Middlesex

Appointment Date

10/11/1991

Post Code

HA6 2BE

 

 

Top Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

MARIE THERESE PICARDO

GBP

999

ORDINARY

1

99.9

LEONARD SEBASTIAN PICARDO

GBP

1

ORDINARY

1

0.1

 

 

Balance Sheet

 

Date Of Accounts

31/03/17

(%)

31/03/16

(%)

31/03/15

(%)

31/03/14

(%)

31/03/13

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Tangible Assets

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Intangible Assets

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Total Fixed Assets

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Stock

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Trade Debtors

£2,623

-51.8%

£5,442

999.9%

£15

-89%

£136

-97.4%

£5,303

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Cash

£49,862

46.3%

£34,092

37.2%

£24,842

-63.6%

£68,231

17.1%

£58,275

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Other Debtors

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Total Current Assets

£52,485

32.8%

£39,534

59%

£24,857

-63.6%

£68,367

7.5%

£63,578

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Trade Creditors

£1,834

-43.5%

£3,248

70.9%

£1,900

-95.4%

£41,262

36.6%

£30,207

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Miscellaneous Current Liabilities

£15,283

132.2%

£6,582

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Total Current Liabilities

£17,117

74.1%

£9,830

417.4%

£1,900

-95.4%

£41,262

36.6%

£30,207

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

31/03/17

(%)

31/03/16

(%)

31/03/15

(%)

31/03/14

(%)

31/03/13

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Called Up Share Capital

£1,000

-

£1,000

-

£1,000

-

£1,000

-

£1,000

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

P & L Account Reserve

£34,368

19.7%

£28,704

30.7%

£21,957

-15.9%

£26,105

-19.4%

£32,371

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Shareholder Funds

£35,368

19.1%

£29,704

29.4%

£22,957

-15.3%

£27,105

-18.8%

£33,371

 

 

Other Financial Items

 

Date Of Accounts

31/03/17

(%)

31/03/16

(%)

31/03/15

(%)

31/03/14

(%)

31/03/13

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Net Worth

£35,368

19.1%

£29,704

29.4%

£22,957

-15.3%

£27,105

-18.8%

£33,371

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Working Capital

£35,368

19.1%

£29,704

29.4%

£22,957

-15.3%

£27,105

-18.8%

£33,371

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Total Assets

£52,485

32.8%

£39,534

59%

£24,857

-63.6%

£68,367

7.5%

£63,578

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Total Liabilities

£17,117

74.1%

£9,830

417.4%

£1,900

-95.4%

£41,262

36.6%

£30,207

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Net Assets

£35,368

19.1%

£29,704

29.4%

£22,957

-15.3%

£27,105

-18.8%

£33,371

 

 

Miscellaneous

 

Date Of Accounts

31/03/17

(%)

31/03/16

(%)

31/03/15

(%)

31/03/14

(%)

31/03/13

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Capital Employed

£35,368

19.1%

£29,704

29.4%

£22,957

-15.3%

£27,105

-18.8%

£33,371

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

Ratios

 

Date Of Accounts

31/03/17

31/03/16

31/03/15

31/03/14

31/03/13

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Pre-tax profit margin %

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Current ratio

3.07

4.02

13.08

1.66

2.10

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Sales/Net Working Capital

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Gearing %

0

0

0

0

0

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Equity in %

67.40

75.10

92.40

39.60

52.50

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Creditor Days

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Debtor Days

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Liquidity/Acid Test

3.06

4.02

13.08

1.65

2.10

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Return On Capital Employed %

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Return On Total Assets Employed %

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Current Debt Ratio

0.48

0.33

0.08

1.52

0.90

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Total Debt Ratio

0.48

0.33

0.08

1.52

0.90

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Stock Turnover Ratio %

-

-

-

-

-

Description: https://app.creditsafeuk.com/CSUKLive/IMAGES/barchart-grey.png

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

29/09/2017

New Accounts Filed

29/09/2017

New Accounts Filed

14/11/2016

Annual Returns

04/09/2016

New Accounts Filed

09/01/2016

New Accounts Filed

20/11/2015

Annual Returns

16/01/2015

New Accounts Filed

14/11/2014

Annual Returns

23/11/2013

New Accounts Filed

16/11/2013

Annual Returns

15/01/2013

New Accounts Filed

23/11/2012

Annual Returns

29/12/2011

New Accounts Filed

16/11/2011

Annual Returns

07/12/2010

New Accounts Filed

 

 

Previous Company Names

 

Date

Previous Name

09/04/1984

INTERGLOBE TRADERS 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

 

 

Previous Director/Company Secretaries

 

Name

Current Active Appointments

Previous Appointments

Dissolved Companies

Ronald Picardo

0

1

5

Lisa Anne Katherina Picardo

0

1

1

Leonard Sebastian Picardo

0

1

2

 

 

Total Persons With Significant Control

1

Total Statements

0

Active

1

Active

0

Ceased

0

Ceased

0

 

 

Active Persons With Significant Control

 

Name

Mrs Marie Therese Picardo

Kind

Individual Person With Significant Control

Address

15 Woodridge Way, Northwood, Middlesex

Country Of Residence

England

Post Code

HA6 2BE

Nationality

British

Date of Birth

05/1955

Notified On

30/09/2016

Nature Of Control

Ownership of shares - above 75%

 

 

Ceased Persons With Significant Control

 

No Ceased Persons With Significant Control To Display

 

 

Active Statements

 

No Active Statements To Display

 

 

Ceased Statements

 

No Ceased Statements To Display

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 65.04

UK Pound

1

INR 92.28

Euro

1

INR 80.62

GBP

1

INR 91.44

 

Note: Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VIV

 

 

Report Prepared by :

NIT

 

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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