MIRA INFORM REPORT

Report Date :

07.08.2007

IDENTIFICATION DETAILS

Name :	RJJ FREIGHT LIMITED

Registered Office :	Rjj House Haven Exchange South, Felixstowe IP11 2QE

Country :	United Kingdom

Financials (as on) :	31.12.2006

Date of Incorporation :	26.04.1993

Com. Reg. No.:	02812754

Legal Form :	Private Limited Liability Company (GB)

Line of Business :	Freight Forwarders

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

Company Identification Details


Subject Reported on	R J J FREIGHT LIMITED
Ultimate Holding Company	R J J FREIGHT LTD
Trading Address	Haven Exchange South,FELIXSTOWE,IP11 2QE

Telephone	01394-673466


	Average Risk - This company has an average risk status and should be treated with a degree of caution

Credit Limit	GBP 22,900
	Selling to this company? The Credit Limit is the recommended maximum outstanding debtor exposure at any one time.

Contract Limit	GBP 223,300
	Buying from this company? The Contract Limit is the recommended aggregate annual value for supply contracts.

Significant Event


Please note change of address

Official Company Data


Legal Form	Private Limited Liability Company (GB)
Registration Number	02812754
Date of Incorporation	26/04/1993
Registered Office	Rjj House Haven Exchange South, Felixstowe, Suffolk, IP11 2QE
Date of Last Annual Return to Registry	26/04/2007
Activities	Freight forwarders
Accounts	The last filed accounts cover the period to 31/12/2006 and were filed on 05/07/2007

Recently Filed Documents

Details of the most recent documents

Date Received	Description
26/04/2007	Annual Return
31/12/2006	Financial Statement / Set of Accounts

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

Known Directors

DIRECTOR

STEN BAGERT

(One or more of this director's other companies has adverse information related to it)

Occupation

FREIGHT FORWARDER

Address

THREE HEDGES , LEVINGTON ROAD NACTON , IPSWICH , IP10 0EJ

Country of Origin

SWEDISH

Date of Birth

25/09/1955

Appointment Date

27/04/1993

Other Appointments

W.L. AGENCIES LIMITED, VOGT & MAGUIRE LINER LIMITED, LYSANDER GLOBAL LIMITED, LYSANDER SHIPPING UK LIMITED, R J J FREIGHT LIMITED, HUGO TRADING LIMITED, FELIXSTOWE COURIERS LTD, WINDJAMMER HOLDINGS LIMITED, SHIPPING ADMINISTRATION MANAGEMENT SERVICES LTD, DCA LINER LIMITED, RJJ WORLDWIDE LIMITED, TRIMLEY LIMITED, TRIMLEY LOGISTICS LTD

SECRETARY

MS HAZEL USHER

Address

19 ROSEBERY ROAD, , FELIXSTOWE , SUFFOLK , IP11 7JR

Country of Origin

BRITISH

Date of Birth

17/06/1964

Appointment Date

01/02/2002

Recently Resigned Directors (last 3)


DIRECTOR	JACQUELINE DIANE BRIALEY
Occupation	DIRECTOR
Address	ASHBROOKS , BULFORD MILL LANE , BRAINTREE , ESSEX , - -
Country of Origin	BRITISH
Date of Birth	16/02/1946
Resignation Date	17/12/2004
DIRECTOR	CHRISTINE BUCHELE
Occupation	ADMINISTRATOR
Address	21 , WARREN CLOSE , BURY ST EDMUNDS , SUFFOLK , - -
Date of Birth	04/12/1951
Resignation Date	19/09/1997
DIRECTOR	STEPHEN R BOURKE
Occupation	FREIGHT FORWARDER
Address	18 , OSWYN CLOSE , BURY ST EDMUNDS , SUFFOLK , - -
Date of Birth	08/02/1950
Resignation Date	15/08/1997

Share Summary


Priniciple Shareholders:	Type Of Share	No. of Shares	Value	%age
Vogt & Maguire Ltd				50.00
Ann Bagert				25.00
Sten Ingemar Bagert				25.00

Mortgages and Charges


Total Registered	3
Total Outstanding	3
Total Satisfied	0
Most Recent Mortgage	22/11/2005


Date Registered	30/11/2005
Type	395
Date Created	22/11/2005
Lender	NATIONAL WESTMINSTER BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	UNIT 3 HAVEN EXCHANGE WALTON AVENUE FELIXTOWE SUFFOLK // BY WAY OF FIXED CHARGE THE BENEFIT OF ALL COVENANTS AND RIGHTS CONCERNING THE PROPERTY AND PLANT MACHINERY FIXTURES FITTINGS FURNITURE EQUIPMENT IMPLEMENTS AND UTENSILS THE GOODWILL OF ANY BUSINESS CARRIED ON AT THE PROPERTY AND THE PROCEEDS OF ANY INSURANCE AFFECTING THE PROPERTY OR ASSETS
Satisfied?	No

Date Registered	29/03/2000
Type	395
Date Created	20/03/2000
Lender	NATIONAL WESTMINSTER BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	PROPERTY K/A ROSCOTT HOUSE 83 DOCK ROAD TILBURY ESSEX ALONG WITH THE GOODWILL //
Satisfied?	No

Date Registered	02/02/1998
Type	395
Date Created	27/01/1998
Lender	NATIONAL WESTMINSTER BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF, FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL, BOOKDEBTS AND THE BENEFITS OF ANY LICENCES
Satisfied?	No

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations


Activities	Freight forwarders
Sic Code	Description
6311	Cargo handling
Staff Employed	20
Auditors	Larking Gowen
Auditors Notes	No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.
Bankers	National Westminster Bank PLC
Sort Codes	600817

Financial Data

The following figures are shown in units of 000

Profit and Loss

Number of Weeks	52	52	52	52
Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Currency	GBP	GBP	GBP	GBP
Consolidated?	No	No	No	No
RETAINED PROFITS	-	-	-	-

Balance Sheet

Number of Weeks	52	52	52	52
Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Currency	GBP	GBP	GBP	GBP
Consolidated?	No	No	No	No
TOTAL FIXED ASSETS	486	551	200	168
Total Fixed Assets	427	492	143	111
Intermediate Assets	59	59	57	57
TOTAL CURRENT ASSETS	1,261	1,133	1,224	1,156
Trade Debtors	1,105	1,132	1,223	1,156
Cash	156	1	1	1
TOTAL ASSETS	1,748	1,684	1,423	1,324
TOTAL CURRENT LIABILITIES	1,113	1,190	1,193	1,117
Other Current Liabilities	1,113	1,190	1,193	1,117
WORKING CAPITAL	147	-57	30	39
TOTAL LONG TERM LIABS	232	228	29	17
Other Long Term Liabilities	232	228	29	17
NET ASSETS/(LIABILITIES)	634	495	230	207
SHARE CAPITAL + RESERVES	402	267	201	190
Issued Share Capital	0	0	0	0
Profit and Loss account	402	267	201	190
SHAREHOLDERS FUNDS	402	267	201	190
CAPITAL EMPLOYED	634	495	230	207
TANGIBLE NET WORTH	402	267	201	190


Key Credit Ratios

Accounts Date	31/12/2006	31/12/2005	31/12/2004	31/12/2003
Current Ratio	1.13	0.95	1.03	1.03
Quick Ratio	-	-	-	-
T.N.W/Total Assets	0.23	0.16	0.14	0.14
Equity Gearing	0.02	0.01	0.07	0.11


Financial Summary
Working Capital	The company's working capital improved in the period by -358%
Tangible Net Worth	Net worth increased by 135,000 during the period and now stands at GBP 402,000
Fixed Assets	The subjects fixed assets reduced during the period by GBP 65,000 to GBP 427,000 and are now 24% of total assets compared with 29% in the previous period
Long Term Liabilities	The company's long term liabilities increased during the period by 2% and are now 58% of net worth compared with 85% in the previous period
Long Term Liabilities	Long term liabilities are now 13% of total assets compared with 14% in the previous period

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	Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average/normal.	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
NR		In view of the lack of information, we have no basis upon which to recommend credit dealings	No Rating

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%)

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