|
|
|
MIRA INFORM REPORT
|
Report No. : |
507983 |
|
Report Date : |
16.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
KSB MINERALS LTD |
|
|
|
|
Registered Office : |
506 Kingsbury Road, London, Nw9 9he |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.07.2016 |
|
|
|
|
Date of Incorporation : |
03.07.2008 |
|
|
|
|
Com. Reg. No.: |
06637235 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Export of Minerals form South America. |
|
|
|
|
No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
-- |
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 the UK’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 Conservative government. However, the deficit still remains one of the highest in the G7, standing at 3.6% of GDP as of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by 2020. The UK had a debt burden of 90.4% GDP at the end of 2017.
The UK’s economy has begun to slow since the referendum vote to leave the EU in June 2016. A sustained depreciation of the British pound has increased consumer and producer prices, weighing on consumer spending without spurring a meaningful increase in exports. 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. Prime Minister MAY is seeking a new “deep and special” trade relationship with the EU following the UK’s exit. However, economists doubt that the UK will be able to preserve the benefits of EU membership without the obligations.
|
Source
: CIA |
Company
identification
|
KSB MINERALS LTD |
Telephone
|
01753
591538 |
|
506
KINGSBURY ROAD |
Fax
|
-
|
|
LONDON
|
Website
|
-
|
|
NW9
9HE |
||
|
United
Kingdom |
||
|
Company
Number: 06637235 |
Status:
VAT
No: |
Trading
(First active accounts overdue) N/A
|
|
Foundation:
03/07/2008 |
||
|
Comments The
latest cash balances represent a positive level in terms of the overall
outstanding creditor obligations. This company has been treated as a Small company
in respect of the rating/limit generated. |
Basic
information
Legal form
Private limited with Share Capital
Foundation
03/07/2008
Company No.
06637235
|
Shareholders |
|
|||||||
|
Name
|
Currency
|
Number
of shares |
Share
type |
Nominal
value |
||||
|
SUMONTO
DAS GUPTA |
GBP |
1
|
ORDINARY
|
1 |
||||
|
Total
Share Capital |
GBP
1 |
|||||||
Management
|
Directors |
|
|
|
|
|
Name |
Address: |
Date
of |
Nationality |
Appointment |
|
|
|
birth |
date |
|
|
Sumonto
Das Gupta |
7
Ruscombe Gardens, Datchet, |
26/08/1961 |
British |
03/07/2008 |
Company Secretary
|
Name |
Address |
Appointment date |
|
Ms
Bonnie Das Gupta |
7
Ruscombe Gardens, Datchet, Berkshire SL3 9BG |
03/07/2008 |
Other
Known Addresses
506 Kingsbury Road, London NW9 9HE
Business
activities
|
Main
activity |
|
|
SIC03 |
Dormant
company |
|
SIC07 |
Dormant
Company |
Turnover
and Employees
|
|
|
|
Date
of Accounts |
Turnover |
Employees |
|
31/07/2014 |
Not
Stated |
Not
Stated |
|
31/07/2015 |
Not
Stated |
Not
Stated |
|
31/07/2016 |
Not
Stated |
Not
Stated |
Company
history
|
|
|
Date |
Action |
|
03/08/2013 |
Annual
Returns |
|
14/10/2013 |
New
Accounts Filed |
|
06/08/2014 |
Annual
Returns |
|
23/08/2014 |
New
Accounts Filed |
|
15/07/2015 |
Annual
Returns |
|
06/08/2015 |
New
Accounts Filed |
|
13/08/2016 |
Annual
Returns |
|
02/05/2017 |
New
Accounts Filed |
|
02/05/2017 |
New
Accounts Filed |
|
19/07/2017 |
Confirmation
Statement |
Accounts
Profit
& Loss
|
|
31/07/2016 |
31/07/2015 |
31/07/2014 |
31/07/2013 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group:
No |
Group:
No |
Group:
No |
Group:
No |
|
Turnover |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
|
Cost
of Sales |
- |
- |
- |
- |
|
Gross
Profit |
- |
- |
- |
- |
|
Wages
And Salaries |
- |
- |
- |
- |
|
Directors
Emoluments |
- |
- |
- |
- |
|
Operating
Profit |
- |
- |
- |
- |
|
Depreciation |
0 |
0 |
- |
- |
|
Audit
Fees |
0 |
0 |
- |
- |
|
Interests
Payments |
- |
- |
- |
- |
|
Pre
Tax Profit |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
|
Profit
After Tax |
- |
- |
- |
- |
|
Dividends
Payable |
- |
- |
- |
- |
|
Retained
Profit |
- |
- |
- |
- |
Balance
Sheet
|
|
31/07/2016 |
31/07/2015 |
31/07/2014 |
31/07/2013 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group:
No |
Group:
No |
Group:
No |
Group:
No |
|
Tangible
Assets |
0 |
0 |
0 |
0 |
|
Intangible
Assets |
0 |
0 |
0 |
0 |
|
Total
Fixed Assets |
0 |
0 |
0 |
0 |
|
Stock |
0 |
0 |
0 |
0 |
|
Trade
Debtors |
0 |
0 |
0 |
0 |
|
Cash |
1 |
1 |
0 |
0 |
|
Other
Debtors |
0 |
0 |
0 |
0 |
|
Miscellaneous
Current Assets |
0 |
0 |
0 |
0 |
|
Total
Current Assets |
1 |
1 |
0 |
0 |
|
Trade
Creditors |
0 |
0 |
0 |
0 |
|
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 |
0 |
0 |
0 |
0 |
|
Bank
Loans and Overdrafts LTL |
0 |
0 |
0 |
0 |
|
Other
Long Term Finance |
0 |
0 |
0 |
0 |
|
Total
Long Term Liabilities |
0 |
0 |
0 |
0 |
Capital
& Reserves
|
|
31/07/2016 |
31/07/2015 |
31/07/2014 |
31/07/2013 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group:
No |
Group:
No |
Group:
No |
Group:
No |
|
Called
Up Share Capital |
1 |
1 |
0 |
0 |
|
P
and L Account Reserve |
0 |
0 |
0 |
0 |
|
Revaluation
Reserve |
0 |
0 |
0 |
0 |
|
Sundry
Reserves |
0 |
0 |
0 |
0 |
|
Shareholders
Funds |
1 |
1 |
0 |
0 |
Other
Financial Items
|
|
31/07/2016 |
31/07/2015 |
31/07/2014 |
31/07/2013 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group:
No |
Group:
No |
Group:
No |
Group:
No |
|
Net
Worth |
1 |
1 |
0 |
0 |
|
Working
Capital |
1 |
1 |
0 |
0 |
|
Total
Assets |
1 |
1 |
0 |
0 |
|
Total
Liabilities |
0 |
0 |
0 |
0 |
|
Net
Assets |
1 |
1 |
0 |
0 |
Cash
Flow
|
|
31/07/2016 |
31/07/2015 |
31/07/2014 |
31/07/2013 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group:
No |
Group:
No |
Group:
No |
Group:
No |
|
Net
Cash Flow from Operations |
- |
- |
- |
- |
|
Net
Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net
Cash Flow from Financing |
- |
- |
- |
- |
|
Increase
in Cash |
0 |
1 |
0 |
0 |
Miscellaneous
|
|
31/07/2016 |
31/07/2015 |
31/07/2014 |
31/07/201 |
|
|
52 |
52 |
52 |
3 |
|
|
GBP |
GBP |
GBP |
52 |
|
|
Group:
No |
Group:
No |
Group:
No |
GBP |
|
Capital
Employed |
1 |
1 |
0 |
0 |
Financial
Ratios
|
Name |
31/07/2016 |
31/07/2015 |
31/07/2014 |
31/07/2013 |
|
Pre Tax Profit Margin |
|
|
|
|
|
Current Ration |
|
|
|
|
|
Sales or Net Working Capital |
|
|
|
|
|
Gearing |
0.00 % |
0.00 % |
|
|
|
Equity |
100.00 % |
100.00 % |
|
|
|
Creditor Days |
|
|
|
|
|
Debtor Days |
|
|
|
|
|
Liquidity or Acid test |
|
|
|
|
|
Return on Capital Employed |
|
|
|
|
|
Return on Total Assets Employed |
|
|
|
|
|
Current Debt Ratio |
|
|
|
|
|
Total Debt Ratio |
|
|
|
|
|
Stock Turnover Ratio |
|
|
|
|
|
Return on Net Assets Employed |
|
|
|
|
Remarks
Only dormant non-trading accounts have been
filled. Sources were advised the company only commenced trading November 2016 therefore
the first set of active accounts have not yet been filled. The first set of
active accounts should have been filled by 30/04/2018 these are now overdue,
therefore difficult to assess the initial financial position at this time.
Activity:
Export of Minerals form South America
Trading
Address: Suite 202, 24-28 St Leonards Road, Windsor, Brjshire, SL4 3BB
Branches: None
Employees:
4
Bank:
Not obtained
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 67.52 |
|
|
1 |
INR 91.48 |
|
Euro |
1 |
INR 80.52 |
|
GBP |
1 |
INR 91.56 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DNS |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.