MIRA
INFORM REPORT
|
Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
JAIPUR FURNITURE LIMITED |
|
|
|
|
Registered Office : |
6 BROMLEY CLOSE HARLOW ESSEX CM20 2GD |
|
|
|
|
Country : |
United kingdom |
|
|
|
|
Financials (as on) : |
31.08.2011 |
|
|
|
|
Date of Incorporation : |
31.08.2007 |
|
|
|
|
Reg. No.: |
06357368 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Other Household Goods |
|
|
|
|
No. of Employees : |
Not Available |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
United kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
United Kingdom - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).
|
Source : CIA |
REGISTERED NAME & COMPANY SUMMARY
|
Company Name |
JAIPUR FURNITURE LIMITED |
Company Number |
06357368 |
|
Registered Address |
6 BROMLEY CLOSE |
Trading Address |
Canes Lane |
|
|
HARLOW |
|
|
|
|
ESSEX |
|
|
|
|
CM20 2GD |
|
|
|
Website Address |
|
|
|
|
Telephone Number |
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation Date |
31/08/2007 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share Capital |
|
Date of Change |
- |
Filing Date of Accounts |
22/02/2012 |
|
|
|
Share Capital |
£100 |
|
SIC03 |
5147 |
Currency |
GBP |
|
SIC03 Description |
WHOLESALE OF OTHER HOUSEHOLD GOODS |
||
|
SIC07 |
46470 |
||
|
SIC07 Description |
WHOLESALE OF FURNITURE, CARPETS AND LIGHTING EQUIPMENT |
||
|
Principal Activity |
|
|
|
DIRECTORS/MANAGEMENT
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company Secretaries |
0 |
Current Directors
|
Name |
Date of Birth |
16/12/1974 |
|
|
Officers Title |
Ms |
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
31/08/2007 |
|
|
|
Address |
S-249 Ayodhya, Sanghi Farm Mahavir Nagar, Jaipur, 302018 |
||
|
|
|
|
|
|
Name |
Date of Birth |
26/05/1983 |
|
|
Officers Title |
|
Nationality |
Indian |
|
Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
31/08/2007 |
|
|
|
Address |
Ag-640, Shalimar Bagh, New Delhi, 110088 |
||
|
|
|
|
|
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
|
Nationality |
British |
|
Present Appointments |
1 |
Function |
Company Secretary |
|
Appointment Date |
31/08/2007 |
|
|
|
Address |
S249 S-249 Ayodhya, Sanghi Farm Mahavir Nagar, Jaipur, 302018 |
||
Previous Director/Company Secretaries
|
No Previous Director Details |
NEGATIVE INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
|
|
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 |
SHARE & SHARE CAPITAL INFORMATION
Share Capital £100
Top 20 Shareholders
|
Name |
Individual Share Value |
|
RAMAKANT JOHARI |
100 ORDINARY GBP 1.00 |
PAYMENT INFORMATION
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
Average Payment Experience |
|
||||
|
Steady Improving Worsening |
Be the first to leave a payment experience
|
|
GROUP STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
- |
|
Ownership Status |
|
|
Ultimate Holding Company |
- |
Group structure
No group structure
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
FINANCIAL INFORMATION
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/08/2011 |
- |
- |
-£153,601 |
- |
|
31/08/2010 |
£168,134 |
- |
-£27,828 |
- |
|
31/08/2009 |
- |
- |
- |
- |
Profit & Loss
|
|
Date Of Accounts |
31/08/11 |
|
31/08/10 |
|
31/08/09 |
|
31/08/08 |
|
- |
|
|
Weeks |
52 |
|
52 |
|
52 |
|
52 |
|
- |
|
|
Currency |
GBP |
|
GBP |
|
GBP |
|
GBP |
|
- |
|
|
Consolidated A/cs |
N |
|
N |
|
N |
|
N |
|
- |
|
|
Turnover |
- |
|
£168,134 |
|
- |
|
- |
|
- |
|
|
Export |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Cost of Sales |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Gross Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Wages & Salaries |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Directors Emoluments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Operating Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Depreciation |
£1,600 |
|
£2,000 |
|
- |
|
- |
|
- |
|
|
Audit Fees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Interest Payments |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Pre Tax Profit |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Taxation |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Profit After Tax |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Dividends Payable |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Retained Profit |
- |
|
- |
|
- |
|
- |
|
- |
Balance Sheet
|
|
Date Of Accounts |
31/08/11 |
|
31/08/10 |
|
31/08/09 |
|
31/08/08 |
|
- |
|
|
Tangible Assets |
£6,400 |
|
£8,000 |
|
0 |
|
0 |
|
- |
|
|
Intangible Assets |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Fixed Assets |
£6,400 |
|
£8,000 |
|
0 |
|
0 |
|
- |
|
|
Stock |
£105,318 |
|
£100,008 |
|
0 |
|
0 |
|
- |
|
|
Trade Debtors |
£39,848 |
|
£22,667 |
|
0 |
|
0 |
|
- |
|
|
Cash |
£5,726 |
|
£8,879 |
|
0 |
|
0 |
|
- |
|
|
Other Debtors |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Miscellaneous Current Assets |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Current Assets |
£150,892 |
|
£131,554 |
|
0 |
|
0 |
|
- |
|
|
Trade Creditors |
£299,667 |
|
£167,382 |
|
0 |
|
0 |
|
- |
|
|
Bank Loans & Overdrafts |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Other Short Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Miscellaneous Current Liabilities |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Current Liabilities |
£299,667 |
|
£167,382 |
|
0 |
|
0 |
|
- |
|
|
Bank Loans & Overdrafts and LTL |
£11,226 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Other Long Term Finance |
0 |
|
0 |
|
0 |
|
0 |
|
- |
|
|
Total Long Term Liabilities |
£11,226 |
|
0 |
|
0 |
|
0 |
|
- |
Capital & Reserves
|
|
Date Of Accounts |
31/08/11 |
|
31/08/10 |
|
31/08/09 |
|
31/08/08 |
|
- |
|
|
Called Up Share Capital |
£100 |
|
£100 |
|
- |
|
- |
|
- |
|
|
P & L Account Reserve |
-£153,701 |
|
-£27,928 |
|
- |
|
- |
|
- |
|
|
Revaluation Reserve |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Sundry Reserves |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Shareholder Funds |
-£153,601 |
|
-£27,828 |
|
- |
|
- |
|
- |
Other Financial Items
|
|
Date Of Accounts |
31/08/11 |
|
31/08/10 |
|
31/08/09 |
|
31/08/08 |
|
- |
|
|
Net Worth |
-£153,601 |
|
-£27,828 |
|
- |
|
- |
|
- |
|
|
Working Capital |
-£148,775 |
|
-£35,828 |
|
- |
|
- |
|
- |
|
|
Total Assets |
£157,292 |
|
£139,554 |
|
- |
|
- |
|
- |
|
|
Total Liabilities |
£310,893 |
|
£167,382 |
|
- |
|
- |
|
- |
|
|
Net Assets |
-£153,601 |
|
-£27,828 |
|
- |
|
- |
|
- |
Cash Flow
|
|
Date Of Accounts |
31/08/11 |
|
31/08/10 |
|
31/08/09 |
|
31/08/08 |
|
- |
|
|
Net Cashflow from Operations |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow before Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Net Cashflow from Financing |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Increase in Cash |
- |
|
- |
|
- |
|
- |
|
- |
Miscellaneous
|
|
Date Of Accounts |
31/08/11 |
|
31/08/10 |
|
31/08/09 |
|
31/08/08 |
|
- |
|
|
Contingent Liability |
NO |
|
NO |
|
NO |
|
NO |
|
- |
|
|
Capital Employed |
-£142,375 |
|
-£27,828 |
|
- |
|
- |
|
- |
Ratios
|
|
Date Of Accounts |
31/08/11 |
31/08/10 |
31/08/09 |
31/08/08 |
- |
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
0.50 |
0.79 |
- |
- |
- |
|
|
Sales/Net Working Capital |
- |
-4.69 |
- |
- |
- |
|
|
Gearing % |
-7.30 |
0 |
0 |
0 |
- |
|
|
Equity in % |
-97.70 |
-19.90 |
- |
- |
- |
|
|
Creditor Days |
- |
362.37 |
- |
- |
- |
|
|
Debtor Days |
- |
49.07 |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.15 |
0.18 |
- |
- |
- |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
-1.95 |
-6.01 |
- |
- |
- |
|
|
Total Debt Ratio |
-2.02 |
-6.01 |
- |
- |
- |
|
|
Stock Turnover Ratio % |
- |
59.48 |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
|
FOREIGN EXCHANGE RATES
N/a
ADDITIONAL INFORMATION
|
SIC03 |
5147 |
|
SIC03 Description |
WHOLESALE OF OTHER HOUSEHOLD GOODS |
|
SIC07 |
46470 |
|
SIC07 Description |
WHOLESALE OF FURNITURE, CARPETS AND LIGHTING EQUIPMENT |
|
Principal Activity |
|
|
|
Number of Employees |
- |
|
- |
|
- |
|
- |
|
- |
|
|
Auditors |
|
||||||||
|
|
Auditor Comments |
The company is exempt from audit |
||||||||
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|
Bankers |
|
||||||||
|
|
Bank Branch Code |
|
||||||||
Status History
No Status History found
Event History
|
Date |
Description |
|
27/11/2012 |
Annual Returns |
|
25/02/2012 |
New Accounts Filed |
|
11/11/2011 |
Annual Returns |
|
02/06/2011 |
New Accounts Filed |
|
17/09/2010 |
Annual Returns |
|
09/02/2010 |
New Accounts Filed |
|
11/09/2009 |
Annual Returns |
|
23/06/2009 |
Annual Returns |
|
23/06/2009 |
New Accounts Filed |
|
15/06/2009 |
Change in Reg.Office |
|
15/06/2009 |
Change of Company Postcode |
|
04/09/2007 |
Change of Name |
|
04/09/2007 |
Change in Reg.Office |
|
04/09/2007 |
Change of Company Postcode |
Previous Company Names
No Previous Names found
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.