MIRA INFORM REPORT

 

 

Report Date :

26.05.2011

 

IDENTIFICATION DETAILS

 

Name :

MAHARAJA FABRICS LIMITED

 

 

Registered Office :

26 Cemetery Road, Bradford, West Yorkshire, BD8 9RY.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.05.2010

 

 

Date of Incorporation :

29.05.2009

 

 

Com. Reg. No.:

06919123

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Manufacturers of Fabrics.

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

GBP 1,800

 

 

Status :

Small Company

 

 

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 – 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

 

Company Identification Details

 

Subject Reported on

MAHARAJA FABRICS LIMITED

Registration Number

06919123

VAT Number

GB974270501

Address

26 CEMETERY ROAD, BRADFORD, WEST YORKSHIRE, BD8 9RY.

Telephone

01274 493991

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 1,800

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

06919123

VAT Number

GB974270501

Subject Status

Trading

Date of Incorporation

29/05/2009

Registered Office

36 CEMETERY ROAD, BRADFORD, WEST YORKSHIRE, BD8 9RY.

History

17/06/2009 : The Registered Office address changed from 36 CEMETRY ROAD, 4 LANE END, BRADFORD, BD8 4R.

Date of Last Annual Return to Registry

29/05/2010

Accounts

The last filed accounts at Companies House are those to 31/05/2010

Accounting Reference Date

31/05

 

 

 

Operations

 

 

Activities

Manufacturers of Fabrics.

Nace Code

7487

Premises

Leased,Offices,Warehouse

Staff Employed

10

Import Countries

ALL OVER THE WORLD

Export Countries

No Export Activity

Bankers

LLOYDS TSB BANK PLC

Address

BRADFORD TYRREL STR.

Sort Code

777113

Branches

26 CEMETERY ROAD, BRADFORD, WEST YORKSHIRE, BD8 9RY.

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

1

1

1

 

Search History Details

 

The Search History Details shows details of the most recent 40 searches

 

Date

Description

09/05/2011

Miscellaneous

 

 

 

Public Record Information

 

 

Summary of CCJ's/Scottish Decrees

 

No CCJs/Scottish Decrees are recorded in our file.

 

 

 

Summary of Mortgages, Charges and Satisfactions

 

 

Total Number of Mortgages/Charges Registered

1

Number Outstanding

1

Number Partially Satisfied

0

Number Satisfied

0

 

 

Date of Latest Mortgage Created

22/02/2010

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

06/03/2010

22/02/2010

Debenture

MG01

Clydesdale Bank Plc

 

It should be noted that there is no legal requirement to file satisfaction details of mortgages/charges at Companies House.

 

 

 

Other Filings and Notices

 

 

Date

Source

Description

 

19/04/2011

Companies House Gazette

Any amendment to company's articles (including every resolution or agreement required to be embodied in or annexed to copies of the company's articles issued by

02/06/2009

Companies House Gazette

Alteration in memorandum or articles of association

02/06/2009

Companies House Gazette

Change among directors of a company

 

 

 

Directors

 

 

Director

MR JASVINDER PAL SINGH

Service Address

GREYSTONES 1 ROCKWOOD ROAD, CALVERLEY, PUDSEY, LS28 5AB.

Country of Origin

UNITED KINGDOM

Date of Birth

01/08/1964

Appointment Date

29/05/2009

Other Directorships

BRADFORD BAZAAR LTD

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

1

Principal Shareholder

1 Jasvinder Pal Singh

 

The above reflects the principle shareholder(s) by number of shares held, irrespective of share classification type.

 

 

 

 

 

Financial Data– Statutory Accounts

 

 

Profit & Loss Accounts are not available for companies categorised as small companies under the companies act.

 

For annual accounts images, view the Document Image list

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

 

 

 

Accounts Date

31/05/2010

 

 

 

Currency

GBP

 

 

 

TOTAL FIXED ASSETS

12

 

 

 

Tangible Assets

12

 

 

 

TOTAL CURRENT ASSETS

1458

 

 

 

Trade debtors

629

 

 

 

Stocks

793

 

 

 

Other Current Assets

36

 

 

 

Cash

36

 

 

 

TOTAL ASSETS

1470

 

 

 

TOTAL CURRENT LIABILITIES

1433

 

 

 

Trade creditors

1433

 

 

 

WORKING CAPITAL

25

 

 

 

TOTAL LONG TERM LIABS

2

 

 

 

NET ASSETS/(LIABILITIES)

35

 

 

 

SHARE CAPITAL + RESERVES

35

 

 

 

Profit and Loss account

35

 

 

 

SHAREHOLDERS FUNDS

35

 

 

 

CAPITAL EMPLOYED

37

 

 

 

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

 

 

 

Accounts Date

31/05/2010

 

 

 

Currency

GBP

 

 

 

Liquid Assets

665

 

 

 

Net Working Capital

25

 

 

 

Other Deferred Liabs

2

 

 

 

Tangible Net Worth(T.N.W)

35

 

 

 

Equity

35

 

 

 

Number of Years Trading

1

 

 

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

31/05/2010

 

 

 

Current Ratio

1

 

 

 

Quick Ratio

0.5

 

 

 

T.N.W/Total Assets%

2.4

 

 

 

Equity Gearing%

2.4

 

 

 

 

 

 

Key Industry Sector Trends

 

 

Year

2011

2010

2009

2008

Sample Size

3800

99999

99999

99999

Pre-Tax Profit Margin

29.5

15.6

13.3

16.5

Current Ratio

1.6

1.7

1.9

1.8

Borrowing Ratio

78.6

35.2

37.5

44.6

Return on Capital

211.4

64.9

48.3

58

Creditors Days

176

274

284

204

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Miscellaneous business activities not elsewhere classified

 

Financial Summary

 

 

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 5,600,000 and is a medium sized company as defined by the Companies Act. It is not required to disclose turnover but it is likely to be in the range of GBP 2,800,000 - GBP 11,200,000.

 

Working Capital

At the end of the period the company had working capital of GBP 25,000, current ratio of 1.0 and a quick ratio of .5.

 

Net Worth

Net worth was GBP 35,000.




 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.38

UK Pound

1

Rs.73.31

Euro

1

Rs.63.70

 

 

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.