MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
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Name : |
JORDAN LTD. |
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Registered Office : |
80 |
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Country : |
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Financials (as on) : |
31.12.2004 |
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Date of Incorporation : |
30/07/2001 |
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Com. Reg. No.: |
04261467 |
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Legal Form : |
Private Limited |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Company Identification Details
Subject Reported
on JORDAN LTD.
Address
Telephone 029 20371901
Official Company Data
Legal Form Private Limited
Registration
Number 04261467
Date of
Incorporation 30/07/2001
Registered Office 80
History The following
information was obtained from Companies House daily Gazette dated
27/03/2007
: First Gazette notice of Strike Off
Date of Last
Annual
Return to Registry
30/07/2005
Accounts The last filed
accounts at Companies House are those to 31/12/2004
Accounting
Reference
Date 31/12
Operations
Nace Code 9900
Branches
Public Record
Information
Summary of
CCJ's/Scottish Decrees
Period Last
72 Months
Amount Summary 195
Count Summary 1
Unsettled Amount
Summary 195
Highest Amount
Summary 195
Details of the most
recent CCJ's/Scottish Decrees
Date Amount Type Case
No Satisfied Court
23/10/2003 195 Judgment XH309992
Other Filings and
Notices
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Date |
Source |
Description |
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27/03/2007 |
Companies House Gazette |
First Gazette notice of Strike Off |
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18/06/2003 |
Companies House |
Notice of striking off action discontinued |
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14/01/2003 |
Companies House Gazette |
First Gazette notice of Strike Off |
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04/09/2001 |
Companies House Gazette |
Change among the directors of a company |
Company Secretary
Secretary SIGMA SECRETARIES LTD
Address
Country of Origin
Appointment Date 18/12/2006
Other Directorships BONA FORTUNA LTD.
Directors
Director ROBERTUS WILHELMUS GERARDUS ERNEST
Country of Origin
Date of Birth 12/01/1964
Appointment Date 30/08/2001
Share Capital
Shares Ordinary GBP 1.00
Issued Number 100
Principal
Shareholder 100 Robertus
Wilhelmus Gerardus Ernest
The above reflects
the principle shareholder(s) by number of shares held, irrespective of share
classification type.
Payment Analysis
(No Payment Analysis Data is Available)
Financial Data
Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.
Balance Sheet
The following figures
are shown in units of 1000
Number of Weeks 52 74 52
Accounts Date 31/12/2004 31/12/2003 31/07/2002
Currency EUR EUR EUR
TOTAL FIXED ASSETS 12 4
Tangible Assets 12 4
TOTAL CURRENT
ASSETS 246 266 140
Trade debtors 3 3
Stocks 196 195 120
Other Current
Assets 47 68 20
Cash 47 68 20
TOTAL ASSETS 258 270 140
TOTAL CURRENT
LIABILITIES 196 241 136
Trade creditors 196 241 136
WORKING CAPITAL 50 25 4
NET
ASSETS/(LIABILITIES) 62 29 4
SHARE CAPITAL +
RESERVES 62 29 4
Share Cap + Sundry
Res 29 1
Profit and Loss
account 33 29 3
SHAREHOLDERS FUNDS 62 29 4
CAPITAL EMPLOYED 62 29 4
Financial
Comparison
The following
figures are shown in units of 1000
Number of Weeks 52 74 52
Accounts Date 31/12/2004 31/12/2003 31/07/2002
Currency EUR EUR EUR
Liquid Assets 50 71 20
Net Working
Capital 50 25 4
Tangible Net
Worth(T.N.W) 62 29 4
Equity 62 29 4
Number of Years
Trading 3 2 1
Key Credit Ratios
The following
figures are shown as Ratios or Percentages
Accounts Date 31/12/2004 31/12/2003 31/07/2002
Current Ratio 1.3 1.1 1
Quick Ratio 0.3 0.3 0.1
T.N.W/Total
Assets% 24 10.7 2.9
Equity Gearing% 31.6 12 2.9
Key Industry Sector
Trends
Year 2006 2005 2004 2003
Sample Size 95 574 539 385
Pre-Tax Profit
Margin 9.4 17.2 10.6 23
Current Ratio 1.2 1.6 1.5 1.8
Borrowing Ratio 169.1 8.9 (37.4) (18.6)
Return on Capital 95.6 89.5 174.4 49
Creditors Days 11359 52 35 69
Above figures
relate to companies in 1992 Standard Industry Classification (Nace) sector :
Extra-territorial organizations and bodies
Financial Summary
Accounts
Please note the company is overdue in filing its accounts.
Auditors
Qualification
The company has taken advantage of exemptions under the Companies Act such that the accounts have not been audited or examined.
No Turnover
The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.
No Pre-Tax Profit
The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Shareholders Funds shown on the Balance Sheet is EUR 33,000 increase. This suggests that the Company may have made a post-tax profit of EUR 33,000.
Working Capital
The company's working capital has increased by 100 % in the period.
Fixed Assets
The subject's fixed assets increased during the year by EUR 8,000 to EUR 12,000 and are now 4 % of total assets compared with 1 % in the previous year.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)