MIRA INFORM REPORT

 

 

Report Date :

23-08-2007

 

IDENTIFICATION DETAILS

 

Name :

C.J.W. MANUFACTURING LIMITED

 

 

Registered Office :

16 Electric Parade, George Lane, London, E18 2LY

 

 

Country :

United Kingdom

 

 

Financials (as on) :

28.02.2002

 

 

Date of Incorporation :

11/09/1997

 

 

Com. Reg. No.:

03432509

 

 

Legal Form :

Private Limited Liability Company (GB)

 

 

Line of Business :

Manufacture of jewellery and related articles not elsewhere classified

 

 

RATING & COMMENTS

 

MIRA’s Rating :

C

 

RATING

STATUS

PROPOSED CREDIT LINE

<10

C

Absolute credit risk exists. Caution needed to be exercised

Credit not recommended

 

Status :

Under Liquidation

 

 

Payment Behaviour :

--

 

 

Litigation :

--

 

 

Company Identification Details

 

 

Subject Reported on

C.J.W. MANUFACTURING LIMITED

Trading Address

16 Electric Parade, George Lane, LONDON, E18 2LY

 

 

Telephone

020-8989-1166

 

 

 

 

 

Risk Score

Liquidation

 

 

Significant Event

 

On 06.06.2005 subject was wound-up voluntarily. Richard William James Long of Richard Long & Co, Castlegate House, 36 Castle Street, Hertford, Hertfordshire SG14 1HH being appointed liquidator. Appointed by the Members.

 

 

Official Company Data

 

 

 

Legal Form

Private Limited Liability Company (GB)

Registration Number

03432509

Date of Incorporation

11/09/1997

Registered Office

16 Electric Parade

Date of Last Annual Return to Registry

11/09/2003

Accounts

The last filed accounts cover the period to 28/02/2002 and were filed on 30/01/2003

 

 

Recently Filed Documents

 

Details of the most recent documents

Date Received

Description

11/09/2003

Annual Return

28/02/2002

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

YOAV  DAVID

  Occupation

DIRECTOR

  Address

9,  BROOK RISE , CHIGWELL , ESSEX , IG7 6AP

  Country of Origin

BRITISH

  Date of Birth

29/02/1956

  Appointment Date

11/09/1997

  Other Appointments

C.J.W. MANUFACTURING LIMITED

DIRECTOR

ALON  SHLOSBERG

  Occupation

DIRECTOR

  Address

16,  TUDOR CLOSE , WOODFORD GREEN , ESSEX , IG8 0LF

  Country of Origin

BRITISH

  Date of Birth

04/07/1952

  Appointment Date

11/09/1997

  Other Appointments

B & G MESSIAS LIMITED, C.J.W. MANUFACTURING LIMITED, GOLDSTAR JEWELLERY UK LIMITED, CJW JEWELLERY LTD, 4 TALBOT ROAD LTD., EUROSTAR DIAMONDS LIMITED

SECRETARY

ALON SHLOSBERG

  Address

TUDOR COTTAGE 16 TUDOR CLOSE,  , WOODFORD GREEN , ESSEX , IG8 0LF

  Country of Origin

BRITISH

  Date of Birth

04/07/1952

  Appointment Date

11/09/1997

 

 

Recently Resigned Directors (last 3)

 

None

 

 

Share Summary

 

Share information is not held for this company.

 

 

Mortgages and Charges

 

 

 

Total Registered

1

Total Outstanding

1

Total Satisfied

0

Most Recent Mortgage

17/12/1997

 

 

 

 

 

Date Registered

23/12/1997

Type

395

Date Created

17/12/1997

Lender

BARCLAYS BANK PLC

Secured On

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details

. // FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Satisfied?

No

 

 

 

Public Record Information

 

Summary of CCJ's/Scottish Decrees

 

There are no unsatisfied CCJs against the company.

 

 

 

Adverse Information

 

 

Business Wound Up (GB)

 

Business Wound Up (GB)On 06.06.2005 subject was wound-up voluntarily. Richard William James Long of Richard Long & Co, Castlegate House, 36 Castle Street, Hertford, Hertfordshire SG14 1HH being appointed liquidator. Appointed by the Members.

 

 

Operations

 

 

 

Sic Code

Description

3622

Manufacture of jewellery and related articles not elsewhere classified

Staff Employed

5

 

 

 

Financial Data

 

The following figures are shown in units of 000

 

Profit and Loss

 

Number of Weeks

52

52

52

52

Accounts Date

28/02/2002

28/02/2001

29/02/2000

31/12/1998

Currency

GBP

GBP

GBP

GBP

Consolidated?

No

No

No

No

SALES

4,560

-

-

-

Export Sales

324

-

-

-

Change in stocks of finished goods & in work in progress

154

-

-

-

Other operating income

14

-

-

-

Raw materials, consumables

3,456

-

-

-

Subcontractors and other external costs

54

-

-

-

Cost of Goods Sold

3,664

-

-

-

GROSS PROFIT

897

780

-

-

Selling and Administration Expenses

66

-

-

-

Services & other goods

114

-

-

-

Wages and Salaries

371

167

-

-

Depreciation

17

17

-

-

Net Operating Profit(Loss)

343

401

-

-

Non Trading Income

0

1

-

-

Total Non Trading Income

0

1

-

-

Interest expenses & similar (-)

38

54

-

-

Financial Expenses

38

54

-

-

PRE TAX PROFIT

305

347

-

-

Other Taxation

0

0

-

-

Taxation

65

73

-

-

PROFIT AFTER TAX

240

274

-

-

Net Profit

240

274

-

-

Dividends Payable

20

40

-

-

RETAINED PROFITS

220

234

-

-

 

Balance Sheet

 

Number of Weeks

52

52

52

52

Accounts Date

28/02/2002

28/02/2001

29/02/2000

31/12/1998

Currency

GBP

GBP

GBP

GBP

Consolidated?

No

No

No

No

TOTAL FIXED ASSETS

61

63

48

35

 Land & buildings

3

3

-

-

 Plant, machinery & equipment

58

60

-

-

TOTAL CURRENT ASSETS

1,668

2,638

1,831

1,205

 Stocks

567

721

691

427

 Trade Debtors

835

1,019

568

586

 Other Receivables

4

-

-

-

 Prepaid expenses

2

-

-

-

 Cash

260

898

572

193

TOTAL ASSETS

1,729

2,702

1,879

1,241

TOTAL CURRENT LIABILITIES

934

1,843

1,271

845

 Trade Creditors

402

1,506

-

-

 Bank Overdraft

133

138

-

-

 Loans From Principals

25

-

-

-

 Taxes

112

77

-

-

 Other Current Liabilities

235

110

1,271

845

 Accruals & deferred income

27

11

-

-

WORKING CAPITAL

734

796

560

360

TOTAL LONG TERM LIABS

0

285

267

207

NET ASSETS/(LIABILITIES)

794

859

608

396

SHARE CAPITAL + RESERVES

794

575

340

188

 Issued Share Capital

0

0

0

0

 Profit and Loss account

794

575

340

188

SHAREHOLDERS FUNDS

794

575

340

188

CAPITAL EMPLOYED

794

860

607

395

TANGIBLE NET WORTH

794

575

340

188

 

 

Key Credit Ratios

 

Accounts Date

28/02/2002

28/02/2001

29/02/2000

31/12/1998

Current Ratio

1.79

1.43

1.44

1.43

Profit Before Tax

0.07

-

-

-

Creditors Days (D.P.O)

40.06

-

-

-

Quick Ratio

-

-

-

-

Return on Assets

17.64

12.84

-

-

T.N.W/Total Assets

0.46

0.21

0.18

0.15

Return on Capital

38.41

40.35

-

-

Working Capital/Sales

0.00

-

-

-

Equity Gearing

-

0.02

0.01

0.01

Stock Turnover

0.00

-

-

-

 

 

 

Financial Summary

 

Operating Profit

Totaled GBP  343,000 In the period prior a profit of GBP   401,000 was achieved.

Pre Tax

The subject made a profit of GBP  305,000 compared with a profit of GBP  347,000 in the previous period.

Working Capital

The company's working capital decreased in the period by 8%

Tangible Net Worth

Net worth increased by 219,000 during the period and now stands at GBP  794,000

Fixed Assets

The subjects fixed assets reduced during the period by GBP  3,000 to GBP  61,000 and are now 4% of total assets compared with 2% in the previous period

Long Term Liabilities

The company's long term liabilities reduced during the period by 91% and are now 3% of net worth compared with 51% in the previous period

Long Term Liabilities

Long term liabilities are now 2% of total assets compared with 11% in the previous period

 

 

note

 

There is a company by the name CJW JEWELLERY LTD, who has a director Mr. Alon Shlosberg, who is also a director in the subject company.  We are enclosing a complimentary report on this company for your information.

 

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