MIRA INFORM REPORT

 

 

Report Date :           

13.03.2012

 

IDENTIFICATION DETAILS

 

Name :

JK TEXTILES LTD

 

 

Registered Office :

Unit 3 Tulsi Centre, 97 Constitutional Hill Hockley, Birmingham, B19 3JX

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

30.09.2010

 

 

Date of Incorporation :

23.09.2003

 

 

Com. Reg. No.:

04909121

 

 

Legal Form :

Private Independent  Company

 

 

Line of Business :

Wholesale of textiles

 

 

No. of Employees :

05

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

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 name & address 

 

Jk Textiles Ltd

3 Constitution Hill

Birmingham, B19 3JX

United Kingdom

Tel:       07944 600378

Fax:      0121 200 3021

 

 

Synthesis  

 

Employees:                  5

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         23-Sep-2003

Auditor:                        R Pau & Co Ltd.           

Financials in:                 USD (Millions)

Fiscal Year End:            30-Sep-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                2.4

 

 

Business Description     

 

Wholesale of textiles.

 

Industry             

Industry            Apparel and Accessories

ANZSIC 2006:    3711 - Textile Product Wholesaling

NACE 2002:      5141 - Wholesale of textiles

NAICS 2002:     424310 - Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

UK SIC 2003:    5141 - Wholesale of textiles

US SIC 1987:    5131 - Piece Goods, Notions, and Other Dry Good

 

           

Key Executives   

 

Name

Title

J. Singh

Proprietor

Bharat Kumar Kudhail

Secretary

Manjit Kudhail

Director

Jasbir Kudhail

Director

Financial Summary    

 

FYE: 30-Sep-2010         USD (mil)

Key Figures    

Current Assets              2.41

Fixed Assets                 0.03

Total Liabilities               1.11

Net Worth                     1.23

 

Key Ratios      

Current Ratio                 2.18

Acid Test                      1.96

 

Registered No.(UK): 04909121

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6425498

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6345983

 

 

Corporate Overview

 

Location

3 Constitution Hill

Birmingham, B19 3JX

West Midlands County

United Kingdom

Tel:       07944 600378

Fax:      0121 200 3021

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.6

Employees:                   5

Fiscal Year End:            30-Sep-2010

Industry:                        Apparel and Accessories

           

Registered Address:

Unit 3 Tulsi Centre

97 Constitutional Hill Hockley

Birmingham, B19 3JX

United Kingdom

 

Incorporation Date:         23-Sep-2003

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       04909121

Director:                        Jasbir Kudhail

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3711     -          Textile Product Wholesaling

 

NACE 2002 Codes:

5141     -          Wholesale of textiles

 

NAICS 2002 Codes:

424310  -          Piece Goods, Notions, and Other Dry Goods Merchant Wholesalers

 

US SIC 1987:

5131     -          Piece Goods, Notions, and Other Dry Good

 

UK SIC 2003:

5141     -          Wholesale of textiles

 

Business Description

Wholesale of textiles.

 

More Business Descriptions

Clothing and Fabric Manufacturers

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.6

Current Assets:

1.5

 

Fixed Assets:

0.0

 

Long Term Debt:

0.1

 

Total Liabilities:

0.8

 

Issued Capital:

0.0

 

Working Capital:

0.8

 

Net Worth:

0.8

 

 

 

Date of Financial Data:

30-Sep-2010

 

1 Year Growth

NA

Key Corporate Relationships

Auditor:

R Pau & Co Ltd.

Bank:

Lloyds Tbs Bank PLC

 

Auditor:

R Pau & Co Ltd.

 

Auditor History

R Pau & Co Ltd.

30-Sep-2010

R Pau And Co Ltd.

30-Sep-2009

R Pau And Co Ltd.

30-Sep-2008

R Pau And Co Ltd.

30-Sep-2007

R Pau And Co Ltd.

30-Sep-2006

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jasbir Kudhail

 

Director

Director/Board Member

 

Manjit Kudhail

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

J. Singh

 

Proprietor

President

 

Bharat Kumar Kudhail

 

Secretary

Company Secretary

 

 

 

Directors and Shareholders Report

 

Main Office Address:
3 Constitution Hill
Birmingham
United Kingdom B19 3JX

Tel: 07944 600378
Fax: 0121 200 3021

Annual Return Date: 23 Sep 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Jasbir 
Kudhail

Current

10 Oct 1960

8 Dawlish Drive, 
Coventry, West Midlands CV3 5NB

23 Sep 2003

NA

Current:1
Previous:0
Disqualifications:0

 

Manjit 
Kudhail

Current

16 Dec 1965

8 Dawlish Drive, 
Coventry, West Midlands CV3 5NB

01 Jun 2005

NA

Current:1
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

 

Bharat Kumar 
Kudhail

Current

NA

8 Dawlish Drive, 
Coventry, West Midlands CV3 5NB

23 Sep 2003

NA

Current:1
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Swift Incorporations Limited

Previous

1 Mitchell Lane, 
Bristol, Avon BS1 6BU

23 Sep 2003

23 Sep 2003

 

 

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Bharat Kudhail

2 Ordinary GBP 1.00

Ordinary

2

1.00

2.00

18.18

Bharat Kudhail

1 B Ordinary GBP 1.00

B Ordinary

1

1.00

1.00

9.09

Jasbir Kudhail

5 Ordinary GBP 1.00

Ordinary

5

1.00

5.00

45.45

Manjit Kudhail

3 Ordinary GBP 1.00

Ordinary

3

1.00

3.00

27.27

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

30-Sep-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.64255

0.647882

0.507879

0.508116

0.555972

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.0

0.0

0.0

0.0

0.0

 

spacebar

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

30-Sep-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.634598

0.625254

0.561026

0.490834

0.535346

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

Total Stocks Work In Progress

0.2

0.2

0.1

0.2

0.2

Total Debtors

2.0

1.7

1.3

1.3

1.0

Cash and Equivalents

0.1

0.2

0.2

0.1

0.1

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

2.4

2.1

1.6

1.7

1.3

Total Assets

2.4

2.2

1.7

1.7

1.3

Other Current Liabilities

1.1

1.1

0.8

0.9

0.8

Total Current Liabilities

1.1

1.1

0.8

0.9

0.8

Other Long Term Liabilities

0.1

0.1

0.2

0.2

0.2

Total Long Term Liabilities

0.1

0.1

0.2

0.2

0.2

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

1.2

1.0

0.7

0.5

0.3

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

1.2

1.0

0.7

0.5

0.3

Net Worth

1.2

1.0

0.7

0.5

0.3

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

30-Sep-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.64255

0.647882

0.507879

0.508116

0.555972

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

                                                                               

 

30-Sep-2010

30-Sep-2009

30-Sep-2008

30-Sep-2007

30-Sep-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.634598

0.625254

0.561026

0.490834

0.535346

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.18

2.02

2.12

1.84

1.65

Liquidity Ratio

1.96

1.80

1.94

1.64

1.44

Equity Gearing

50.34%

44.33%

42.57%

32.48%

21.46%

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.49.94

UK Pound

1

Rs.78.25

Euro

1

Rs.65.39

 

 

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.