MIRA INFORM REPORT

 

 

Report Date :

18.08.2007

 

IDENTIFICATION DETAILS

 

Name :

ENESAR & CO. LTD

 

 

Registered Office :

36 Grafton Rd,Croydon,CR0 3 RP, England,

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.11.2006

 

 

Date of Incorporation :

05/11/2004

 

 

Com. Reg. No.:

05278771

 

 

Legal Form :

Private Limited Liability Company (GB)

 

 

Line of Business :

Importers and exporters of dry food items   

 

 

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

 

Maximum Credit Limit :

GBP   2,500

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Regular

 

 

Litigation :

Clear

 

 

COMPANY NAME

 

ENESAR & CO. LTD

 

 

ADDRESS

 

Trading Address                         

 

36 GRAFTON RD,CROYDON,CR0 3RP

Telephone : 07958-903748

 

 

Risk Score 

 

Low Risk - There is a high degree of confidence this company will prove good for the assigned Credit Limit   

                                                                                                                                                                       

 

Credit Limit    

 

GBP   2,500                                

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

 

                                                                                                                                                                       

Contract Limit    

 

GBP   4,000                                

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

 

 

Official Company Data

                                                  

 

Legal Form                                                        Private Limited Liability Company (GB)

Registration Number                                           05278771

Date of Incorporation                                          05/11/2004

Registered Office                                               36 Grafton Road, Croydon, Surrey CR0 3RP

Date of Last Annual Return to Registry                05/11/2006

Activities                                                           Importers and exporters of dry food items   

Accounts                                                          The last filed accounts cover the period to 30/11/2006

 

 

Recently Filed Documents

Details of the most recent documents

 

Date Received                           Description

05/11/2006                                  Annual Return

30/11/2006                                  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                                   OSWALD SELVARATNAM LOGAMARIARAJAN

Occupation                                   MANAGING DIRECTOR

Address                                       63,  RINGWOOD AVENUE , CROYDON , CR0 3DT

Country of Origin                           BRITISH

Date of Birth                                 05/08/1950

Appointment Date                         05/10/2005

Other Appointments                      ENESAR & CO. LTD

 

SECRETARY                                GNANESWARY BIRUNTHAPAN

 Address                                      36 GRAFTON ROAD,  , CROYDON , SURREY , CR0 3RP

 Country of Origin                          FRENCH

 Date of Birth                                08/08/1971

 Appointment Date                        14/11/2004

 

 

Recently Resigned Directors (last 3)

                                                  

DIRECTOR                                   CHITTAMPALAM  BIRUNTHAPAN

Occupation                                   MANAGING DIRECTOR

Address                                       36 , GRAFTON ROAD , CROYDON , - -

Country of Origin                           BRITISH

Date of Birth                                 26/09/1962

Resignation Date                           05/10/2005

 

DIRECTOR                                   DOUGLAS NOMINEES LIMITED  -

Occupation                                   DIRECTOR

Address                                       REGENT HOUSE 316 , BEULAH HILL , LONDON , - -

Resignation Date                           05/11/2004

 

 

Share Summary

 

Priniciple Shareholders:                     Type Of Share             No. of Shares             Value      %age              

Gnaneswary Birunthapan

 

                                                                                                                                                100.00             

Mortgages and Charges

                                                  

There are no mortgages

                                                  

 

 

 

Public Record Information

 

Summary of CCJ's/Scottish Decrees

 

There are no unsatisfied CCJs against the company.

 

 

Operations

                                                  

Activities                                      Importers and exporters of dry food items   

Sic Code                                      Description

5227                                            Other retail sale of food, beverages and tobacco in specialised stores

Staff Employed                             5

Auditors                                       Harans & Co

Auditors Notes                              No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified

                                                   with no referrals) on the latest accounts.

Bankers                                       Natwest Bank Ltd.

Sort Codes                                   600104

 

 

Financial Data

 

The following figures are shown in units of 000

 

 

Profit and Loss

 

 

Number of Weeks

52

52

Accounts Date

30/11/2006

30/11/2005

Currency

GBP

GBP

Consolidated?

No

No

SALES

123

103

-

-

Cost of goods sold

89

80

-

-

GROSS PROFIT

34

24

-

-

Other Expenses

11

7

-

-

General administration costs (-)

20

13

-

-

Wages and Salaries

1

-

-

-

Depreciation

5

1

-

-

Net Operating Profit(Loss)

3

3

-

-

Non Trading Income

0

0

-

-

Total Non Trading Income

0

0

-

-

Other financial charges

1

-

-

-

Financial Expenses

1

0

-

-

PRE TAX PROFIT

2

3

-

-

PROFIT AFTER TAX

2

3

-

-

Net Profit

2

3

-

-

Dividends Payable

0

0

-

-

RETAINED PROFITS

2

3

-

 

Balance Sheet

 

 

Number of Weeks

52

52

Accounts Date

30/11/2006

30/11/2005

Currency

GBP

GBP

Consolidated?

No

No

TOTAL FIXED ASSETS

16

3

 Plant, machinery & equipment

16

3

-

-

TOTAL CURRENT ASSETS

44

24

 

 

 Stocks

26

9

-

-

 Trade Debtors

16

13

-

-

 Other Receivables

1

-

-

-

 Cash

1

2

-

-

TOTAL ASSETS

60

26

 

 

TOTAL CURRENT LIABILITIES

11

9

 

 

 Bank Overdraft

11

-

-

-

WORKING CAPITAL

33

15

 

 

TOTAL LONG TERM LIABS

44

15

 

 

 Mortgages and loans

6

-

-

-

 Total Hire Purchase / Leasing

16

-

-

-

 Other Long Term Liabilities

22

15

-

-

NET ASSETS/(LIABILITIES)

49

18

 

 

SHARE CAPITAL + RESERVES

4

3

 

 

 Issued Share Capital

0

0

-

-

 Profit and Loss account

4

3

-

-

SHAREHOLDERS FUNDS

4

3

 

 

CAPITAL EMPLOYED

48

18

 

 

TANGIBLE NET WORTH

4

3

 

 

 

 

 

Key Credit Ratios

 

 

Accounts Date

30/11/2006

30/11/2005

Current Ratio

4.00

2.67

Profit Before Tax

0.02

0.03

Quick Ratio

-

-

Return on Assets

3.33

11.11

T.N.W/Total Assets

0.07

0.12

Return on Capital

4.17

16.67

Working Capital/Sales

0.00

0.00

Equity Gearing

0.00

0.00

Stock Turnover

0.00

0.00

 

 

 

 

Financial Summary

Turnover                                     Turnover increased by more than 19% in the period. Turnover totalled GBP

                                                   123,000 for the period.

 

Operating Profit                          Totalled GBP  3,000 In the period prior a profit of GBP   3,000 was achieved.

 

Pre Tax                                      The subject made a profit of GBP  2,000 compared with a profit of GBP  3,000

                                                   in the previous period.

 

Working Capital                         The company's working capital improved in the period by 120%

 

Tangible Net Worth                    Net worth increased by 1,000 during the period and now stands at GBP  4,000

 

Fixed Assets                               The subjects fixed assets increased during the period by GBP  13,000 to GBP

                                                   16,000 and are now 27% of total assets compared with 12% in the previous

                                                   period

 

Long Term Liabilities                 The company's long term liabilities increased during the period by 193% and

                                                   are now 1100% of net worth compared with 500% in the previous period

 

Long Term Liabilities                 Long term liabilities are now 73% of total assets compared with 58% 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.

 

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