MIRA INFORM REPORT

Report Date :

06.12.2008

IDENTIFICATION DETAILS

Name :	UNITED JEWELLERY TRADING LIMITED

Registered Office :	C/o Rayner Essex, Tavistock House South, Tavistock Square, London WC1H 9LG

Country :	United Kingdom

Financials (as on) :	31.01.2007

Date of Incorporation :	21.11.1997

Legal Form :	Private Limited with Share Capital

Line of Business :	Wholesale of jewellery.

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 :	No Complaints

Litigation :	Clear

Name of the company

UNITED JEWELLERY TRADING LIMITED

Number 03469226

company summary

Phone		Type	Private limited with Share Capital
Address	C/O RAYNER ESSEX, TAVISTOCK HOUSE SOUTH, TAVISTOCK SQUARE, LONDON WC1H 9LG	Company Status	Active - Accounts Filed
Postcode	WC1H 9LG	Incorporated Date	21/11/1997

	Active CCJ's	0
	Value of CCJ's [£]	£0
	Number Of Writs	0

	Current Directors	3
	Total Directorships	12

Trading to Date	31/01/07	31/01/06	31/01/05
Turnover	-	-	-
Shareholder Funds	£1,094,817	£914,240	£755,024
Employees	10	10	-

	Trends
	Profitability
	Liquidity
	Shareholders Funds

Secondary Industry Code Details

	SIC Code	Description
	5190	Other Wholesale

Mortgage Details

Mortgage Type:	fixed and floating charge
Date Charge Created:	03/08/2004	Date Charge Registered:	05/08/2004
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	EURO SALES FINANCE PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Mortgage Type:	debenture
Date Charge Created:	02/08/2004	Date Charge Registered:	09/08/2004
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Mortgage Type:	debenture
Date Charge Created:	13/12/2002	Date Charge Registered:	13/12/2002
Date Charge Satisfied:		Status:	Outstanding
Person(s) Entitled:	EURO SALES FINANCE PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	fixed charge over all book and other deb ts present and future and the benefit of all contracts and policies of insurance and by way of floating charge the under taking and all property assets and right s of the company present and future

Mortgage Type:	authority over deposits
Date Charge Created:	27/07/2001	Date Charge Registered:	31/07/2001
Date Charge Satisfied:	20/10/2004	Status:	Satisfied
Person(s) Entitled:	UNITED MIZRAHI BANK LIMITED
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	the principal sums from time to time sta nding to the credit of the company's dep osit account held with the bank, to incl ude interest accrued on such principal s ums

Mortgage Type:	debenture
Date Charge Created:	11/03/1998	Date Charge Registered:	12/03/1998
Date Charge Satisfied:	20/10/2004	Status:	Satisfied
Person(s) Entitled:	SINGER & FRIEDLANDER FACTORS LIMITED
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	01 fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixturesfixed plant and machinery.

Mortgage Type:	mortgage debenture
Date Charge Created:	28/01/1998	Date Charge Registered:	18/02/1998
Date Charge Satisfied:	13/09/2001	Status:	Satisfied
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	all monies due or to become due from the company to the chargee on any account whatsoever.
Details:	10 a specific equitable charge over all freehold and leasehold properties and/or the proceeds of sale thereof, fixed and floating charges over undertaking and allproperty and assets present and future including goodwill, bookdebts and the benefits of any licences.

Shareholders Details

	Name	Shares
	Cinnamon Mixtures Llc Limited	50,000 Ordinary Gbp 1.00
	Cenator Limited	50,000 Ordinary Gbp 1.00

	Address	Telephone Number	TCPS
	c/o Rayner Essex Tavistock House South Tavistock Square WC1H 9LG

accounts

PROFIT & LOSS

Annual Accounts	02/06-01/07	Change (%)	02/05-01/06	Change (%)	02/04-01/05
Months	12	-	12	-	12
Currency	GBP	-	GBP	-	GBP
Consolidated A/cs	N	-	N	-	N
Turnover	-	-	-	-	-
Export	-	-	-	-	-
Cost of Sales	-	-	-	-	-
Gross Profit	1,539,272	6.0 %	1,452,088	-	-
Wages & Salaries	267,792	5.5 %	253,887	-	-
Directors Emoluments	28,814	45.3 %	19,833	-	-
Operating Profits	408,510	2.4 %	398,871	-	-
Depreciation	6,286	-16.6 %	7,535	-	-
Audit Fees	10,000	-	10,000	-	-
Interest Payments	53,980	24.5 %	43,355	-	-
Pre Tax Profit	354,530	-0.3 %	355,516	-	-
Taxation	-76,688	3.3 %	-79,300	-	-
Profit After Tax	277,842	0.6 %	276,216	-	-
Dividends Payable	97,265	-	-	-	-
Retained Profits	180,577	-34.6 %	276,216	-	-

BALANCE SHEET

Annual Accounts	02/06-01/07	Change (%)	02/05-01/06	Change (%)	02/04-01/05
Tangible Assets	18,852	-16.6 %	22,604	-4.6 %	23,684
Intangible Assets	-	-	-	-	-
Total Fixed Assets	18,852	-16.6 %	22,604	-4.6 %	23,684
Total Current Assets	5,602,087	16.3 %	4,817,847	4.5 %	4,608,840
Trade Debtors	2,248,244	14.5 %	1,964,071	-	-
Stocks & WIP	3,172,631	34.0 %	2,366,977	6.2 %	2,228,612
Cash	153	-97.4 %	5,892	107.2 %	2,844
Other Debtors	181,059	-62.4 %	480,907	-79.8 %	2,377,384
Increase In Cash	-5,739	-288.3 %	3,048	205.9 %	-2,878
Miscellaneous Current Assets	-	-	-	-	-
Total Assets	5,620,939	16.1 %	4,840,451	4.5 %	4,632,524
Total Current Liabilities	4,433,091	15.7 %	3,833,180	1.3 %	3,784,469
Trade Creditors	2,056,710	23.8 %	1,661,661	-	-
Bank Loans & Overdrafts	596,695	0.3 %	594,814	94.5 %	305,750
Other Short Term Fin	84,668	72.0 %	49,213	-	-
Miscellaneous Current Liabilities	1,695,018	11.0 %	1,527,492	-56.1 %	3,478,719
Other Long Term Fin	93,031	-	93,031	-	-
Total Long Term Liabilities	93,031	-	93,031	-	93,031
Bank Loans & Overdrafts & LTL	689,726	0.3 %	687,845	72.5 %	398,781
Total Liabilities	4,526,122	15.3 %	3,926,211	1.3 %	3,877,500
Net Assets	1,094,817	19.8 %	914,240	21.1 %	755,024
Working Capital	1,168,996	18.7 %	984,667	19.4 %	824,371

CAPITALS & RESERVES

Annual Accounts	02/06-01/07	Change (%)	02/05-01/06	Change (%)	02/04-01/05
Called up Share Capital	100,000	-	100,000	-	100,000
P&L Account Reserve	994,817	22.2 %	814,240	24.3 %	655,024
Sundry Reserves	-	-	-	-	-
Revaluation Reserve	-	-	-	-	-
Shareholder Funds	1,094,817	19.8 %	914,240	21.1 %	755,024
Net Worth	1,094,817	19.8 %	914,240	21.1 %	755,024

MISCELLANEOUS

Annual Accounts	02/06-01/07	Change (%)	02/05-01/06	Change (%)	02/04-01/05
Net Cashflow from Operations	271,871	92.8 %	141,041	-	-
Net Cashflow before Financing	-7,620	-102.3 %	335,229	-	-
Net Cashflow from Financing	-	-100.0 %	49,213	-	-
Contingent Liability	NO	-	NO	-	NO
Capital Employed	1,187,848	17.9 %	1,007,271	18.8 %	848,055
No of Employees	10	-	10	-	-

	Auditors	SPURLING CANNON
	AuditQualification	No Adverse Comments
	Bankers
	BankBranchCode

RATIOS

Annual Accounts	02/06-01/07	02/05-01/06	02/04-01/05
Pre-tax profit margin %	-	-	-
Current ratio	1.26	1.26	1.22
Sales/Net Working Capital	-	0.00	0.00
Gearing %	63.0 %	75.2 %	52.8 %
Equity in %	19.5 %	18.9 %	16.3 %
Creditor Days	-	-	-
Debtor Days	-	-	-
Liquidity/Acid Test	0.55	0.64	0.63
Return On Capital Employed %	29.9 %	35.3 %	0.0 %
Return On Total Assets Employed %	6.3 %	7.3 %	0.0 %
Current Debt Ratio %	4.0 %	4.2 %	5.0 %
Total Debt Ratio %	4.1 %	4.3 %	5.1 %
Stock Turnover Ratio %	-	-	-
Return on Net Assets Employed %	32.4 %	38.9 %	0.0 %

group structure

No group structure for this company.

Status History

Date	Description
No Status History

Event History

Date	Description
07/03/2008	New Accounts Filed
18/02/2008	Annual Returns
28/06/2007	Change In Reg.office
28/06/2007	Change Of Company Postcode
04/01/2007	Simchah Mozesschachter Has Left The Board
04/01/2007	New Board Member (joel Samuelstorfeil) Appointed
12/07/2006	New Accounts Filed
15/12/2005	New Accounts Filed
06/12/2004	New Accounts Filed
06/12/2004	Annual Returns
19/09/2004	Directors Data Refresh
10/08/2004	Annual Returns
17/06/2004	Data Refresh
23/03/2004	Contact Tlf,fax

directors

Name	Joel Samuel Storfer
Address	16 Colroy Court
	127 Bridge Lane
	London
	NW11 9LL
Officers Title	Mr	Date Of Birth	26/08/1977
Honours		Present Appointments	9
Appointment Date	06/12/2006	Function	Director

Name	Deborah Faye Wasyng
Address	24 Ramat Hagolan Street
	Jerusalem 9704
	Israel
Officers Title	Ms	Date Of Birth	19/09/1969
Honours		Present Appointments	1
Appointment Date	21/11/1997	Function	Company Secretary

Name	David Wasyng
Address	24 Ramat Hagolan Street
	Jerusalem 9704
	Israel
Officers Title	Mr	Date Of Birth	04/11/1967
Honours		Present Appointments	2
Appointment Date	21/11/1997	Function	Director

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.49.22
UK Pound	1	Rs.75.03
Euro	1	Rs.63.14

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

Web Address		Incorporation Date	21/11/1997
Type of Accounts	Medium Company	Filing Date of Accounts	28/02/2008
Company Type	Private Limited With Share Capital	Date of Latest Accounts	31/01/2007
Annual Return	21/11/2007

	Registered Address		Trading Address
	Telephone Number		Telephone Number
	TPS		TPS
	Address		Address
	C/O RAYNER ESSEX TAVISTOCK HOUSE SOUTH TAVISTOCK SQUARE LONDON WC1H 9LG		c/o Rayner Essex Tavistock House South Tavistock Square WC1H 9LG

	Mortgage Charges
	Outstanding	3	Satisfied	4