Company Number: 14935864

Analysis Date: 2025-07-29 20:03 UTC

1. Credit Opinion: DECLINE
   NIRVASIT LTD is a newly incorporated private limited company (June 2023) that has filed dormant accounts for its first financial year ending June 2024. The dormant status indicates no trading activity or income generation to date. Net assets and cash balances are negligible (£100), and there is no financial performance history to assess repayment capability. Given the absence of trading, revenue, or cash flow, the company currently lacks the financial capacity to service any credit facility. Without operational data or collateral, extending credit would be highly speculative and risky.

2. Financial Strength:
   The balance sheet is minimal, showing only £100 in cash and shareholders' funds represented by issued share capital of £100. There are no liabilities, fixed or current assets, or retained earnings. This reflects a company that is in a start-up phase but has not commenced trading or built any asset or equity base. The financial position is very weak, lacking any buffer to absorb financial shocks.

3. Cash Flow Assessment:
   Cash at bank of £100 is insufficient to cover any operational expenses, let alone debt service or working capital requirements. There are no reported revenues, receivables, or payables, confirming no business activity or cash inflows/outflows. Liquidity is effectively non-existent, and the company would require capital injection or operational commencement before cash flow can be evaluated.

4. Monitoring Points:

• Confirm commencement of trading and revenue generation in subsequent periods.
• Monitor updated financial statements for turnover, profitability, and working capital improvements.
• Track any changes in net assets and cash balances post start-up phase.
• Review director and shareholder actions for capital contributions or business plan progress.
• Assess industry conditions for motion picture production that could impact viability.