MIRA INFORM REPORT

 

 

Report Date :           

25.06.2011

 

IDENTIFICATION DETAILS

 

Name :

J. S. BRAR LTD

 

 

Registered Office :

Cedar Manor 8 Greenways Drive, Sunningdale, Berkshire, Sl5 9qs

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

23.05.2003

 

 

Com. Reg. No.:

04776407

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Export consultant

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company summary Top of Form

 

 

Company Name

J. S. BRAR LTD

Company Number

04776407

Registered Address

CEDAR MANOR 8 GREENWAYS DRIVE

Trading Address

4 Beechcroft Close
Sunninghill
Ascot
Berkshire
SL5 7DB

 

SUNNINGDALE

 

 

BERKSHIRE

Company summary

 

 

SL5 9QS

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

23/05/2003

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

04/10/2010

Date of Change

-

Share Capital

£2

Sic Code

7487

Currency

GBP

Sic Description

OTHER BUSINESS ACTIVITIES

Principal Activity

Export consultant.

 

Accounts Due Date 31/12/2011

Commentary

 

No exact match CCJs are recorded against the company.

 

The credit limit on this company has fallen 95% in comparison to the previously suggested credit limit.

 

There is insufficient data to indicate a change in this companies percentage of sales.

 

In the previous 12 month trading period Net Worth decreased by 99.3%.

 

A 49.6% decline in Total Assets occurred in the previous 12 month trading period.

 

There is insufficient data to indicate a change in this companies pre-tax profit.

 

The company saw an decrease in their Cash Balance of 62.2% in the previous 12 month trading period.

 

The company is exempt from audit.

 

The company has undergone recent changes in its directorships.

 

The company is not part of a group.

 

The negative change in the P&L Account Reserve suggests that the company made a loss after tax and other appropriations.

 

The company has changed its registered address recently.

 

The company was established over 8 years ago.

 

 

 

 

 

 

 

Last 3 Years Credit Limit

 

Date

Limit

31/12/2010

£500

31/12/2009

£9,000

31/12/2008

£5,000

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2010

-

-

£992

-

31/03/2009

-

-

£134,363

-

31/03/2008

-

-

£55,396

-

 

 

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

0

 

 

 

 

Exact CCJ Details

 

There are no exact CCJ details

 

 

Possible CCJ Details

 

There are no possible CCJ details

 

 

Writ Details

 

There are no writ details

Mortgage Summary

 

Outstanding

0

Satisfied

0

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

 

Current Directors

 

Name

Jaswinder Singh Brar

Date of Birth

28/05/1961

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

25/05/2003

 

 

Address

Cedar Manor 8 Greenways Drive,  ,  Sunningdale,  SL5 9QS

 

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Current Company Secretary

Name

Jasver Saran Brar

Date of Birth

03/03/1964

Officers Title

 

Nationality

British

Present Appointments

2

Function

Company Secretary

Appointment Date

25/05/2003

 

 

Address

Cedar Manor 8 Greenways Drive,  ,  Sunningdale,  SL5 9QS

 

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Top 20 Shareholders

 

Name

Individual Share Value

JASWINDER SINGH BRAR

1 ORDINARY GBP 1.00

JASVER SARAN-BRAR

1 ORDINARY GBP 1.00

 

Profit & Loss

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£790

11.4%

£709

366.4%

£152

-24.8%

£202

-25.2%

£270

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Tangible Assets

£1,195

-22.8%

£1,548

240.2%

£455

-25%

£607

-25%

£809

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£1,195

-22.8%

£1,548

240.2%

£455

-25%

£607

-25%

£809

Stock

£217,229

-

0

-

0

-

0

-

0

Trade Debtors

£31,249

-93.4%

£471,512

85.8%

£253,832

104.6%

£124,072

-

0

Cash

£33,866

-62.2%

£89,677

837.5%

£9,566

-94.2%

£163,902

219.3%

£51,339

Other Debtors

0

-

0

-

0

-

0

-100%

£95,492

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£282,344

-49.7%

£561,189

113.1%

£263,398

-8.5%

£287,974

96.1%

£146,831

Trade Creditors

£282,296

-34.1%

£428,125

105.4%

£208,457

-13.8%

£241,884

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£141,070

Total Current Liabilities

£282,296

-34.1%

£428,125

105.4%

£208,457

-13.8%

£241,884

71.5%

£141,070

Bank Loans & Overdrafts and LTL

£251

0.8%

£249

-

0

-

0

-

0

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£251

0.8%

£249

-

0

-

0

-

0

 

 

Capital & Reserves

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Called Up Share Capital

£2

-

£2

-

£2

-

£2

-

£2

P & L Account Reserve

£990

-99.3%

£134,361

142.6%

£55,394

18.6%

£46,695

610.9%

£6,568

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£992

-99.3%

£134,363

142.6%

£55,396

18.6%

£46,697

610.8%

£6,570

 

 

Other Financial Items

 

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Net Worth

£992

-99.3%

£134,363

142.6%

£55,396

18.6%

£46,697

610.8%

£6,570

Working Capital

£48

-100%

£133,064

142.2%

£54,941

19.2%

£46,090

700%

£5,761

Total Assets

£283,539

-49.6%

£562,737

113.3%

£263,853

-8.6%

£288,581

95.5%

£147,640

Total Liabilities

£282,547

-34%

£428,374

105.5%

£208,457

-13.8%

£241,884

71.5%

£141,070

Net Assets

£992

-99.3%

£134,363

142.6%

£55,396

18.6%

£46,697

610.8%

£6,570

Cash Flow

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£1,243

-99.1%

£134,612

143%

£55,396

18.6%

£46,697

610.8%

£6,570

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

 

Bank Branch Code

 

 

 

Ratios

 

Date Of Accounts

31/03/10

31/03/09

31/03/08

31/03/07

31/03/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

1

1.31

1.26

1.19

1.04

Sales/Net Working Capital

-

-

-

-

-

Gearing %

25.30

0.20

0

0

0

Equity in %

0.30

23.90

21

16.20

4.50

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.23

1.31

1.26

1.19

1.04

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

284.57

3.18

3.76

5.17

21.47

Total Debt Ratio

284.82

3.18

3.76

5.17

21.47

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

 

Status History

 

No Status History found



Event History

 

Date

Description

 

27/05/2011

Annual Returns

 

05/05/2011

Change in Reg.Office

 

05/05/2011

Change of Company Postcode

 

28/02/2011

New Board Member Mr J.S. Brar appointed

 

08/10/2010

New Accounts Filed

 

03/07/2010

Annual Returns

 

27/10/2009

New Accounts Filed

 

08/10/2009

Change in Reg.Office

 

08/10/2009

Change of Company Postcode

 

07/08/2009

Annual Returns

 

09/12/2008

New Accounts Filed

 

15/06/2008

Annual Returns

 

05/12/2007

New Accounts Filed

 

18/01/2007

New Accounts Filed

 

07/12/2005

New Accounts Filed

 

 

 

Rating History

 

Date

Description

08/10/2010

Creditworthy

06/10/2010

Good Credit Worthiness

27/10/2009

Good Credit Worthiness

01/10/2009

Creditworthy

10/03/2009

Creditworthy

09/12/2008

Good Credit Worthiness

05/12/2008

Good Credit Worthiness

05/12/2007

Good Credit Worthiness

18/01/2007

Good Credit Worthiness

14/12/2006

Good Credit Worthiness

 

 

Limit History

 

Date

Limit

08/10/2010

£500

01/07/2010

£10,000

27/10/2009

£9,000

01/10/2009

£2,000

10/03/2009

£2,000

09/12/2008

£5,000

05/12/2007

£5,000

18/01/2007

£500

14/12/2006

£500

11/02/2005

£500

 

 

Previous Company Names

 

No Previous Names found

 

 

Group Structure Summary

 

Company Name

J. S. BRAR LTD

Company Number

04776407

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

Companies in group

-

 

 

Group structure

 

No group structure



Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.94

UK Pound

1

Rs.71.89

Euro

1

Rs.64.09

 

 

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.