MIRA INFORM REPORT

Report Date :

11.08.2012

IDENTIFICATION DETAILS

Name :	JUNECOURT LTD.

Registered Office :	31 Bourne End Road, Northwood, HA6 3BP, Middlesex County

Country :	United Kingdom

Financials (as on) :	31.03.2011

Date of Incorporation :	11.11.1976

Com. Reg. No.:	01281032

Legal Form :	Private Parent

Line of Business :	Wholesale of other household goods

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 :	Slow
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 31^st, 2012

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

United Kingdom

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

Company name and address

Junecourt Ltd.

31 Bourne End Road

Northwood, HA6 3BP

United Kingdom

Employees:	NA
Company Type:	Private Parent
Corporate Family:	2 Companies

Quoted Status:	Non-quoted Company
Incorporation Date:	11-Oct-1976
Auditor:	Chamberlains UK LLP

Fiscal Year End:	31-Mar-2011
Reporting Currency:	British Pound Sterling
Annual Sales:	NA
Total Assets:	0.5

Business Description

Wholesale.

Industry

Industry	Miscellaneous Capital Goods
ANZSIC 2006:	3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002:	5147 - Wholesale of other household goods
NAICS 2002:	4232 - Furniture and Home Furnishing Merchant Wholesalers
UK SIC 2003:	5147 - Wholesale of other household goods
US SIC 1987:	5099 - Durable Goods, Not Elsewhere Classified

Key Executives

Name	Title
Divyabala Jayantilal Patani	Secretary
Jayantilal Rayshi Patani	Director

Financial Summary

FYE: 31-Mar-2011

USD (mil)

Key Figures
Current Assets	0.52
Fixed Assets	0.0028
Total Liabilities	0.11
Net Worth	0.42

Key Ratios
Current Ratio	4.93
Acid Test	4.93

Registered No.(UK)

01281032

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497

Corporate Overview

Location
31 Bourne End Road
Northwood, HA6 3BP
Middlesex County
United Kingdom

Suggest Company URL

Sales GBP(mil):	NA
Assets GBP(mil):	0.3
Employees:	NA
Fiscal Year End:	31-Mar-2011



Industry:	Miscellaneous Capital Goods

Registered Address:
31 Bourne End Road
Northwood, HA6 3BP
United Kingdom

Incorporation Date:	11-Oct-1976
Company Type:	Private Parent
Quoted Status:	Not Quoted
Registered No.(UK):	01281032


Director:	Jayantilal Rayshi Patani

Industry Codes

ANZSIC 2006 Codes:
3739	-	Other Goods Wholesaling Not Elsewhere Classified

NACE 2002 Codes:
5147	-	Wholesale of other household goods

NAICS 2002 Codes:
4232	-	Furniture and Home Furnishing Merchant Wholesalers

US SIC 1987:
5099	-	Durable Goods, Not Elsewhere Classified

UK SIC 2003:
5147	-	Wholesale of other household goods

Top

Business Description

Wholesale.

Source: Experian Ltd.

Top

Financial Data

Financials in:	GBP(mil)

Assets:	0.3
Current Assets:	0.3
Fixed Assets:	0.0
Long Term Debt:	0.0
Total Liabilities:	0.1
Issued Capital:	NaN
Working Capital:	0.3
Net Worth:	0.3

Date of Financial Data:	31-Mar-2011

1 Year Growth

6.5%

Top

Key Corporate Relationships

Auditor:	Chamberlains UK LLP

Auditor:	Chamberlains UK LLP

Top



Corporate Family	Corporate Structure News:
	Junecourt Ltd.
Junecourt Ltd. Total Corporate Family Members: 2

Company Name	Company Type	Location	Country	Industry	Sales (USD mil)	Employees
Junecourt Ltd.	Parent	Northwood	United Kingdom	Miscellaneous Capital Goods
Patson Enterprise Ltd.	Subsidiary	Northwood	United Kingdom	Business Services

Junecourt Ltd.

Northwood, , United Kingdom

Executives Report

Board of Directors

Name

Title

Function

Jayantilal Rayshi Patani

Director

Director/Board Member

Age: 66

Executives

Name

Title

Function

Divyabala Jayantilal Patani

Secretary

Company Secretary

Age: 61

Directors and Shareholders Report

Main Office Address:
31 Bourne End Road
Northwood
United Kingdom HA6 3BP

Annual Return Date: 13 Jul 2012

Individual Directors

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Jayantilal Rayshi Patani	Current	02 Jul 1946	31 Bourne End Road, Northwood, Middlesex HA6 3BP	20 Jul 1991	NA	Current:2 Previous:0 Disqualifications:0

Corporate Directors

There are no corporate directors for this company.

Individual Secretaries

Name	Status	DOB	Filed Address	Appointment Date	Resignation Date	Summary of Directorships
Divyabala Jayantilal Patani	Current	NA	31 Bourne End Road Northwood, Northwood, Middlesex HA6 3BP	30 Sep 1991	NA	Current:2 Previous:0 Disqualifications:0

Corporate Secretaries

There are no corporate secretaries for this company.

Individual Shareholders

Name	Share Details (As Reported)	Share Type	# of Shares	Share Price (GBP)	Share Value (GBP)	% of Total Shares
Divyabala Jayantilal Patani	50 Ordinary GBP 1.00	Ordinary	50	1.00	50.00	50.00
Jayantilal Rayshi Patani	50 Ordinary GBP 1.00	Ordinary	50	1.00	50.00	50.00

Corporate Shareholders

There are no corporate shareholders for this company.

Junecourt Ltd.

Northwood, United Kingdom

Annual Profit & Loss

Financials in: USD (mil)
Except for share items (millions) and per share items (actual units)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.643394	0.627794	0.592803	0.498361	0.528925
Consolidated	No	No	No	No	No

Depreciation	0.0	0.0	0.0	0.0	0.0

Annual Balance Sheet

Financials in: USD (mil)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.62385	0.659239	0.697666	0.503145	0.509853
Consolidated	No	No	No	No	No

Total Tangible Fixed Assets	0.0	0.0	0.0	0.0	0.0
Intangible Assets	0.0	0.0	0.0	0.0	0.0
Investments	0.0	0.0	0.0	0.0	0.0
Total Fixed Assets	0.0	0.0	0.0	0.0	0.0
Stocks	0.0	0.0	-	0.0	-
Work in Progress	0.0	0.0	-	0.0	-
Total Stocks Work In Progress	0.0	0.0	0.0	0.0	0.1
Total Debtors	0.2	0.2	0.1	0.4	0.4
Cash and Equivalents	0.3	0.4	0.3	0.3	0.1
Other Current Assets	0.0	0.0	0.0	0.0	0.0
Total Current Assets	0.5	0.5	0.4	0.7	0.5
Total Assets	0.5	0.5	0.4	0.7	0.5
Other Current Liabilities	0.1	0.1	0.1	0.2	0.1
Total Current Liabilities	0.1	0.1	0.1	0.2	0.1
Group Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Director Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Hire Purchase (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Leasing (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Total Hire Purchase Loans (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Loans	0.0	0.0	0.0	0.0	0.0
Accruals/Deferred Income (Long Term Liability)	0.0	0.0	0.0	0.0	0.0
Other Long Term Liabilities	0.0	0.0	0.0	0.0	0.0
Total Long Term Liabilities	0.0	0.0	0.0	0.0	0.0
Deferred Taxation	0.0	0.0	0.0	0.0	0.0
Other Provisions	0.0	0.0	0.0	0.0	0.0
Total Provisions	0.0	0.0	0.0	0.0	0.0
Issued Capital	0.0	0.0	0.0	0.0	0.0
Share Premium Accounts	0.0	0.0	0.0	0.0	0.0
Revaluation Reserve	0.0	0.0	0.0	0.0	0.0
Retained Earnings	0.4	0.4	0.3	0.5	0.4
Other Reserves	0.0	0.0	0.0	0.0	0.0
Minority Interests (Balance Sheet)	0.0	0.0	0.0	0.0	0.0
Total Shareholders Funds	0.4	0.4	0.3	0.5	0.4
Net Worth	0.4	0.4	0.3	0.5	0.4

Annual Cash Flows

Financials in: USD (mil)

Financial Glossary

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate (Period Average)	0.643394	0.627794	0.592803	0.498361	0.528925
Consolidated	No	No	No	No	No

Annual Ratios

Financials in: USD (mil)

	31-Mar-2011	31-Mar-2010	31-Mar-2009	31-Mar-2008	31-Mar-2007
Period Length	52 Weeks	52 Weeks	52 Weeks	52 Weeks	52 Weeks
Filed Currency	GBP	GBP	GBP	GBP	GBP
Exchange Rate	0.62385	0.659239	0.697666	0.503145	0.509853
Consolidated	No	No	No	No	No

Current Ratio	4.93	5.56	6.21	4.08	3.79
Liquidity Ratio	4.93	5.56	6.13	4.08	3.28
Equity Gearing	79.81%	82.15%	84.03%	75.67%	73.86%

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.55.34
UK Pound	1	Rs.86.45
Euro	1	Rs.68.04

INFORMATION DETAILS

Report Prepared by :

PDT

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%)

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