MIRA INFORM REPORT

 

 

Report Date :

19.04.2012

 

IDENTIFICATION DETAILS

 

Name :

B.F.R.S. (UK) LIMITED

 

 

Formerly Known As :

AF EXPO LIMITED.

 

 

Registered Office :

50 Salisbury Road, Heathrow, Hounslow, Middlesex, TW4 6JQ.

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2010

 

 

Date of Incorporation :

08.06.2006

 

 

Com. Reg. No.:

05841025

 

 

Legal Form :

Private Limited

 

 

Line of Business :

Recycling of metal waste and scrap

 

 

No. of Employees :

Not Available

 

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 4,800

 

 

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, 2012

 

Country Name

Previous Rating

                   (31.12.2011)                  

Current Rating

(31.03.2012)

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

B.F.R.S. (UK) LIMITED

Registration Number

05841025

 

Creditline Recommendations

 

Monthly Credit Guide

GBP 4,800

 

 

 

 

 

Official Company Data

 

 

Legal Form

Private Limited

Registration Number

05841025

Subject Status

Trading

Date of Incorporation

08/06/2006

Registered Office

50 SALISBURY ROAD, HEATHROW, HOUNSLOW, MIDDLESEX, TW4 6JQ.

History

24/05/2010 : The Registered Office address changed from UNION HOUSE 23 CLAYTON ROAD, HAYES, MIDDLESEX.

 

12/01/2009 : The Registered Office address changed from 5 FIELD CLOSE, HAYES, MIDDLESEX UB3 5ND, UB3.

 

12/09/2007 : Change of name from AF EXPO LIMITED.

 

22/06/2006 : The Registered Office address changed from C/O WEAVER ROSE LIMITED, 55 THE, MALL, EALING.

Date of Last Annual Return to Registry

08/06/2011

Accounts

The last filed accounts at Companies House are those to 30/06/2010

Accounting Reference Date

30/06

 

 

 

Operations

 

 

Nace Code

3710

Activities

Recycling of metal waste and scrap

 

 

 

auditors

 

 

Auditors

Goldstar Accountants Ltd

 

 

 

 

Previous Searches

 

Search History Summary

 

Last 3 Months

Last 6 Months

Last 12 Months

0

0

2

 

Search History Details

 

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

 

Date

Description

14/07/2011

Miscellaneous

14/07/2011

Miscellaneous

16/11/2010

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

2

Number Outstanding

1

Number Partially Satisfied

0

Number Satisfied

1

 

 

Date of Latest Mortgage Created

02/11/2009

Date of Latest Satisfaction

04/09/2010

 

 

 

 

 

 

 

Details of most recent Mortgages, Charges and Satisfactions

 

 

Date Fully
Satisfied

Date
Registered

Date
Created

Charge
Description

Form Type

Lender

 

03/11/2009

02/11/2009

Debenture

MG01

Hsbc Bank Plc

04/09/2010

10/03/2009

27/02/2009

Deed Of Charge Over Credit Balances

395

Barclays 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

 

27/06/2009

Companies House Gazette

Change among directors of a company

12/01/2009

Companies House Gazette

Change among directors of a company

09/08/2007

Companies House Gazette

Change among directors of a company

30/12/2006

Companies House Gazette

Change among directors of a company

22/06/2006

Companies House Gazette

Change among directors of a company

09/06/2006

Companies House Gazette

Change among directors of a company

 

 

 

Directors

 

 

Director

MR KHAJA OSMANUDINN ATIF MOHAMMED

Service Address

5 FIELD CLOSE, HAYES, MIDDLESEX, UB3 5ND.

Country of Origin

UNITED KINGDOM

Date of Birth

30/01/1982

Appointment Date

20/06/2006

 

 

 

Share Capital

 

 

Shares

Ordinary GBP 1.00

Issued Number

100

Principal Shareholder

100 KhajaOsmanudinnAtif Mohammed

 

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

 

Balance Sheet

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

 

Accounts Date

30/06/2010

30/06/2009

30/06/2008

 

Currency

GBP

GBP

GBP

 

TOTAL FIXED ASSETS

2

 

 

 

Tangible Assets

2

 

 

 

TOTAL CURRENT ASSETS

927

661

38

 

Trade debtors

443

415

36

 

Stocks

464

156

 

 

Other Current Assets

20

90

2

 

Cash

20

90

2

 

TOTAL ASSETS

929

661

38

 

TOTAL CURRENT LIABILITIES

902

644

36

 

Trade creditors

902

644

36

 

WORKING CAPITAL

25

17

2

 

NET ASSETS/(LIABILITIES)

27

17

2

 

SHARE CAPITAL + RESERVES

27

17

2

 

Profit and Loss account

27

17

2

 

SHAREHOLDERS FUNDS

27

17

2

 

CAPITAL EMPLOYED

27

17

2

 

 

Financial Comparison

 

The following figures are shown in units of 1000

 

Number of Weeks

52

52

52

 

Accounts Date

30/06/2010

30/06/2009

30/06/2008

 

Currency

GBP

GBP

GBP

 

Liquid Assets

463

505

38

 

Net Working Capital

25

17

2

 

Tangible Net Worth(T.N.W)

27

17

2

 

Equity

27

17

2

 

Number of Years Trading

4

3

2

 

 

Key Credit Ratios

 

The following figures are shown as Ratios or Percentages

 

Accounts Date

30/06/2010

30/06/2009

30/06/2008

 

Current Ratio

1

1

1.1

 

Quick Ratio

0.5

0.8

1.1

 

T.N.W/Total Assets%

2.9

2.6

5.3

 

Equity Gearing%

3

2.6

5.6

 

 

 

 

 

 

 

 

 

Key Industry Sector Trends

 

 

Year

2011

2010

2009

2008

Sample Size

433

910

846

774

Pre-Tax Profit Margin

0.7

2.3

1.2

5.5

Current Ratio

1.4

1.3

1.4

1.4

Borrowing Ratio

22.4

29.7

47.2

51.6

Return on Capital

37.8

38.4

26.5

42.6

Creditors Days

39

58

75

38

 

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Recycling of metal waste and scrap

 

 

 

Financial Summary

 

 

Auditors Qualification

The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 30/06/2010.

 

No Turnover

The company's balance sheet total is less than GBP 2,800,001 and therefore this is a small company as defined by the Companies Act.It is not required to disclose turnover but it is likely to be less than GBP 5,600,000.

 

No Pre-Tax Profit

The Company is exempt from the requirement to file a Profit Loss Account. We note that the difference on the Profit and Loss Account shown on the Balance Sheet is GBP 10,000 increase. This suggests that the Company may have made a post-tax profit of GBP 10,000.

 

Working Capital

The company's working capital has increased by 47 % in the period.




 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.51.50

UK Pound

1

Rs.81.99

Euro

1

Rs.67.54

 

 

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.