MIRA
INFORM REPORT
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Report Date : |
25.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
THE JEWELLERY CHANNEL
LIMITED |
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Formerly Known as : |
JEWELS DIRECT
LIMITED |
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Registered Office : |
63-71 High Street, Hampton, Middlesex, TW12 1NH |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
15.12.2005 |
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Legal Form : |
Private Limited With Share Capital |
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Line of Business : |
Other Retail Specialised Store |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Name of the company
THE JEWELLERY CHANNEL LIMITED
Number 05654854
company summary
Address 63-71
HIGH STREET,
HAMPTON,
MIDDLESEX,
TW12
1NH
Phone
Type Private
limited with Share Capital
Company Status
Active
- Accounts Filed
Postcode TW12
1NH
Incorporated Date 15/12/2005
Active
CCJ's 1
Value
of CCJ's [£] £134
Number
Of Writs 0
Current
Directors 6
Total
Directorships 9
Trading to Date 31/03/07
Turnover £13,907,313
Shareholder Funds £-2,237,181
Employees 52
Trends
Profitability Weak
Liquidity Weak
Shareholders Funds -
company information
Registered
Address
Telephone
Number
TPS
Address
63-71 HIGH STREET
HAMPTON
MIDDLESEX
TW12 1NH
Trading Address
Telephone Number
TPS
Address
32 Queen Anne
Street
W1G 8HD
Web Address Incorporation
Date 15/12/2005
Type of
Accounts Full
Accounts Filing
Date of Accounts 03/10/2007
Company Type Private
Limited With Share Capital Date of
Latest Accounts 31/03/2007
Annual Return 15/12/2007
Previous Name(s)
Changed: 17/03/2006 Jewels Direct Limited
Industry:
Jewellers.
Commenced Trading On 15.12.2005.
SIC
Code Description
5248 Other Retail Specialised Store
Mortgage Charges
Outstanding 2 Satisfied 0
Shareholders
Share
Capital 25000 Currency Gbp
Previous Names Details
Previous Name(s)
Changed : 17/03/2006 Jewels Direct Limited
Secondary Industry Code Details
SIC
Code Description
5248 Other Retail Specialised Store
Mortgage Details
Mortgage
Type: debenture
Date
Charge Created: 13/06/2008 Date Charge Registered: 21/06/2008
Date
Charge Satisfied: Status: Outstanding
Person(s)
Entitled: PUNJAB NATIONAL
BANK (INTERNATIONAL) LIMITED
Amount Secured: all monies due or to become due from the
company to the chargee on any account
whatsoever under the terms of the aforementioned instrument creating or
evidencing the charge
Details: fixed and floating
charge over the undertaking and all property and assets present and future,
including goodwill, book debts, uncalled capital, buildings, fixtures, fixed
plant & machinery see image for full details
Mortgage Type: debenture
Date
Charge Created: 20/04/2006 Date Charge Registered: 22/04/2006
Date
Charge Satisfied: Status: Outstanding
Person(s)
Entitled: HSBC 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.
Shareholders Details
Name Shares
Genoa Jewellers Ltd 25,000
Ordinary Gbp 1.00
Trading Address Details
Address 32 Queen Anne
Street W1G 8HD
Telephone Number
TCPS
accounts
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Credit Limit Explanation
The Recommended Credit Limit is calculated using a formula
that analyses information from a company's financial accounts and payment
record.
The advised amount can be defined as the maximum amount
that could be advanced in any one calendar month, assuming standard payment
terms of 30 days beyond the month of invoice. Therefore the same maximum amount
could be advanced in the next calendar month.
Date Description
15/10/2007 Caution
- Credit at your discretion
20/12/2005 Company's
age is less than 18 months
19/12/2005 Directors
not appointed
group structure
Ultimate
Parent Company VIABHAV GEMS LTD
Companies
in Group 3
Company
Name Registered Number Latest Annual Accounts
VIABHAV
GEMS LTD INDIA N/A
GENOA
JEWELLERS LTD VIRGIN ISL. N/A
THE
JEWELLERY CHANNEL LIMITED<<< 05654854 31/03/2007
Status History
Date Description
No Status History
Event History
Date Description
18/01/2008 Annual Returns
14/01/2008 Change In Reg.office
14/01/2008 Change Of Company Postcode
15/10/2007 New Accounts Filed
12/10/2007 Saleem Hatteea Has Left The Board
08/10/2007 Julian Hatteea Has Resigned As
Company Secretary
08/10/2007 Sunil Agrawal Has Left The Board
08/10/2007 Julian Hatteea Has Left The Board
08/10/2007 New Company Secretary (charles
Newman) Appointed
08/10/2007 New Board Member (saleem Hatteea)
Appointed
08/10/2007 New Board Member (sanjeen Agrawal)
Appointed
17/05/2007 New Board Member (john Simpson)
Appointed
13/03/2007 Ashwini Kumarsharma Has Left The
Board
24/04/2006 New Board Member (sunil Agrawal)
Appointed
21/03/2006 Change Of Name
directors
Name Saleem Hatteea
Address Braywood
1 Claremont Avenue
Camberley
Surrey
GU15 2DR
Officers
Title Mr Date Of
Birth 09/08/1947
Honours Present
Appointments 1
Appointment
Date 10/10/2007 Function Director
Name Sanjeen Agrawal
Address 25 Herons Place
Isleworth
Hounslow
TW7 7BE
Officers
Title Mr Date Of
Birth 20/09/1965
Honours Present
Appointments 2
Appointment
Date 30/07/2007 Function Director
Name Suresh Panjabi
Address 83 Riverview
Avenue
Cliffside Park
New Jersey Nj07010
Usa
Officers
Title Mr Date Of
Birth 14/03/1953
Honours Present
Appointments 1
Appointment
Date 30/07/2007 Function Director
Name Charles Newman
Address Sweetbriar Cottage
London Road
Windlesham
Surrey
GU20 6NA
Officers
Title Mr Date Of
Birth 21/11/1952
Honours Present
Appointments 1
Appointment
Date 30/07/2007 Function Company Secretary
Name Manoj Shrimali
Address 163, Neminagar,
Vaishali Nagar
Rajasthan 302021
India
Officers
Title Date Of
Birth 09/09/1957
Honours Present
Appointments 1
Appointment
Date 15/12/2005 Function Director
Name John David Simpson
Address Heatherbanks
George Eyston Drive
Winchester
Hampshire
SO22 4PE
Officers
Title Mr Date Of
Birth 16/02/1962
Honours Present
Appointments 3
Appointment
Date 30/04/2007 Function Director
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.25 |
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UK Pound |
1 |
Rs.85.92 |
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Euro |
1 |
Rs.68.11 |
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. |
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%)