MIRA INFORM REPORT

 

 

Report Date :           

14.12.2011

 

IDENTIFICATION DETAILS

 

Name :

MAHARAJA FABRICS LTD.

 

 

Registered Office :

36 Cemetery Road, Bradford, BD8 9RY

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.05.2010

 

 

Date of Incorporation :

29.05.2009

 

 

Com. Reg. No.:

06919123

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Fabric Retailers

 

 

No. of Employees :

5 persons

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Maharaja Fabrics Ltd.

26 Cemetery Road

Bradford, BD8 9RY

United Kingdom

Tel:       01274 493991

 

 

Synthesis     

 

Employees:                  5

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         29-May-2009   

Financials in:                 USD (Millions)

Fiscal Year End:            31-May-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                2.1

 

 

Business Description     

 

Fabric Retailers

 

Industry

Industry            Business Services

ANZSIC 2006:   6999 - Other Professional, Scientific and Technical Services Not Elsewhere Classified

NACE 2002:      7487 - Other business activities not elsewhere classified

NAICS 2002:     5619 - Other Support Services

UK SIC 2003:    7487 - Other business activities not elsewhere classified

US SIC 1987:    7389 - Business Services, Not Elsewhere Classified

 

           

Key Executives   

 

Name                           Title    

Jaff Maharaja                 Managing Director         

Jasvinder Pal Singh        Director

 

Registered No.(UK): 06919123

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6282004

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.688255

 

 

Corporate Overview

 

Location

26 Cemetery Road

Bradford, BD8 9RY

West Yorkshire County

United Kingdom

Tel:       01274 493991

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.5

Employees:                   5

Fiscal Year End:            31-May-2010

Industry:                        Business Services

           

Registered Address:

36 Cemetery Road

Bradford, BD8 9RY

United Kingdom

 

Incorporation Date:         29-May-2009

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       06919123

Director:                        Jasvinder Pal Singh

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

 

Industry Codes

 

ANZSIC 2006 Codes:

6999     -          Other Professional, Scientific and Technical Services Not Elsewhere Classified

 

NACE 2002 Codes:

7487     -          Other business activities not elsewhere classified

 

NAICS 2002 Codes:

5619     -          Other Support Services

 

US SIC 1987:

7389     -          Business Services, Not Elsewhere Classified

 

UK SIC 2003:

7487     -          Other business activities not elsewhere classified

 

Business Description

Fabric Retailers

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.5

Current Assets:

1.5

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

1.4

 

Issued Capital:

0.4

 

Working Capital:

0.0

 

Net Worth:

0.0

 

 

 

Date of Financial Data:

31-May-2010

 

1 Year Growth

NA

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jasvinder Pal Singh

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Jaff Maharaja

 

Managing Director

Managing Director

 

 

 

Directors and Shareholders Report

 

Main Office Address:
26 Cemetery Road
Bradford
United Kingdom BD8 9RY

Tel: 01274 493991

Annual Return Date: 29 May 2011

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Jasvinder Pal 
Singh

Current

01 Aug 1964

Greystones 1 Rockwood Road, Calverley, 
Pudsey, West Yorkshire LS28 5AB

29 May 2009

NA

Current:2
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

There are no corporate directors for this company.

 

Individual Secretaries

There are no individual secretaries for this company.

 

 

 

 

 

 

 

 

 

Corporate Secretaries

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Rwl Registrars Limited

Previous

Regis House 134 Percival Road, 
Enfield, Middlesex EN1 1QU

29 May 2009

29 May 2009

 

 

 

Individual Shareholders

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Jasvinder Pal Singh

1 Ordinary GBP 1.00

Ordinary

1

1.00

1.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

There are no corporate shareholders for this company.

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil)          

Except for share items (millions) and per share items (actual units)   

 

 

 

 

31-May-2010

Period Length

52 Weeks

Filed Currency

GBP

Exchange Rate (Period Average)

0.6282

Consolidated

No

 

 

Depreciation

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-May-2010

Filed Currency

GBP

Exchange Rate

0.688255

Consolidated

No

 

 

Total Tangible Fixed Assets

0.0

Intangible Assets

0.0

Investments

0.0

Total Fixed Assets

0.0

Total Stocks Work In Progress

1.2

Total Debtors

0.9

Cash and Equivalents

0.1

Other Current Assets

0.0

Total Current Assets

2.1

Total Assets

2.1

Other Current Liabilities

2.1

Total Current Liabilities

2.1

Group Loans (Long Term Liability)

0.0

Director Loans (Long Term Liability)

0.0

Hire Purchase (Long Term Liability)

0.0

Leasing (Long Term Liability)

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

Other Long Term Loans

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

Other Long Term Liabilities

0.0

Total Long Term Liabilities

0.0

Other Provisions

0.0

Total Provisions

0.0

Issued Capital

0.0

Share Premium Accounts

0.0

Revaluation Reserve

0.0

Retained Earnings

0.1

Other Reserves

0.0

Minority Interests (Balance Sheet)

0.0

Total Shareholders Funds

0.1

Net Worth

0.1

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-May-2010

Period Length

52 Weeks

Filed Currency

GBP

Exchange Rate

0.688255

Consolidated

No

 

 

Current Ratio

1.02

Liquidity Ratio

0.46

Equity Gearing

2.42%

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.40

UK Pound

1

Rs.83.32

Euro

1

Rs.70.44

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.