MIRA INFORM REPORT

Report Date :

02.05.2012

IDENTIFICATION DETAILS

Name :	JAAN (LONDON) LIMITED
Registered Office :	1st Floor, 8 The Broadway, Southall, Middlesex, Ub1 1ps.
Country :	United Kingdom
Financials (as on) :	31.03.2011
Date of Incorporation :	13.02.2006
Com. Reg. No.:	05707167
Legal Form :	Private Limited
Line of Business :	Retailers of ladies fashion.
No. of Employees :	4

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 – September 30, 2011

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	JAAN (LONDON) LIMITED
Registration Number	05707167
VAT Number	GB877252394
Address	1ST FLOOR, 8 THE BROADWAY, SOUTHALL, MIDDLESEX, UB1 1PS.
Telephone	020 8606 9800
Facsimile	020 8843 9262
Email	bubsmalik@hotmail.com

Payment Behaviour

Indicator in Poor zone -
Stricter payment terms and close supervision of the account is recommended.
Indicator in Normal zone -
Will need chasing from time to time.
Indicator in Good zone -
Likely to pay invoices on or near to due date.

The payment behaviour gauge (above) indicates how fast the subject may pay its creditors based on information provided to Graydon from its trade payment programme, county courts and financial statements.

Payment Comparisons

The graph comparison (right) shows how the subject company may pay its creditors in comparison to companies of a similar size and to companies in the same industry. The scores range from zero indicating the worst payment record and 100 being the most prompt record.

Official Company Data

Legal Form	Private Limited
Registration Number	05707167
VAT Number	GB877252394
Subject Status	Trading
Date of Incorporation	13/02/2006
Registered Office	28 ROSSLYN HILL, HAMPSTEAD, LONDON, NW3 1NH.
History	15/12/2008 : The Registered Office address changed from KINGSWOOD HOUSE, 7 HAMPSTEAD, GATE, 1A FROGNA.
Date of Last Annual Return to Registry	13/02/2012
Accounts	The last filed accounts at Companies House are those to 31/03/2011
Accounting Reference Date	31/03

Operations

Activities	Retailers of ladies fashion.
Nace Code	5141
Premises	Owned,Shop
Staff Employed	4
Import Countries	No Import Activity
Export Countries	No Export Activity
Bankers	HABIB BK AG ZURICH
Address	THE BROADWAY, SOUTHALL.
Sort Code	609148
Auditors	Lewis Associates

Search History Summary

Last 3 Months	Last 6 Months	Last 12 Months
0	0	0

Search History Details

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

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	14/07/2006

Details of most recent Mortgages, Charges and Satisfactions

Date Fully Satisfied	Date Registered	Date Created	Charge Description	Form Type	Lender
	15/07/2006	14/07/2006	Lien On Deposit	395	Habib Bank Ag Zurich

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

30/12/2011

Companies House Gazette

All documents required to be delivered to the registrar under section 441 (annual accounts and reports)

Company Secretary

Secretary	NAHID KAUSAR MALIK
Service Address	38 SUTTON WAY, HESTON, MIDDLESEX, TW5 UJA.
Country of Origin	UNITED KINGDOM
Appointment Date	13/02/2006

Directors

Director	MR MOHAMMED ZULFIKHAR MALIK
Service Address	38 SUTTON WAY, HESTON, MIDDLESEX, TW5 UJA.
Country of Origin	UNITED KINGDOM
Date of Birth	13/08/1969
Appointment Date	13/02/2006
Other Directorships	PUNJAB TEXTILES LIMITED

Share Capital

Shares	Ordinary GBP 1.00
Issued Number	100
Principal Shareholder	75 Mohammed Zulfikhar Malik
	25 Nahid Kausar Malik

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

Financial Data– Statutory Accounts

For annual accounts images, view the Document Image list

Profit and Loss

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/03/2011	31/03/2010	31/03/2009	31/03/2008
Currency	GBP	GBP	GBP	GBP
SALES		273	262	287
Cost of goods sold		158	163	164
GROSS PROFIT		115	99	123
PRE TAX PROFIT		(19)	(26)	(7)

Balance Sheet

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/03/2011	31/03/2010	31/03/2009	31/03/2008
Currency	GBP	GBP	GBP	GBP
TOTAL FIXED ASSETS	1	2	1	1
Tangible Assets	1	2	1	1
TOTAL CURRENT ASSETS	74	65	89	115
Trade debtors	1	2	11	8
Stocks	29	30	35	27
Other Current Assets	44	33	43	80
Misc Current Assets			6
Cash	44	33	37	80
TOTAL ASSETS	75	67	90	116
TOTAL CURRENT LIABILITIES	119	114	117	118
Trade creditors	119	65	62	60
Short Term Loans		46	46	4
Bank Overdraft			22
Due To Directors		46	24	4
Other Liabilities		3	9	54
WORKING CAPITAL	(45)	(49)	(28)	(3)
NET ASSETS/(LIABILITIES)	(44)	(47)	(27)	(2)
SHARE CAPITAL + RESERVES	(44)	(47)	(27)	(2)
Profit and Loss account	(44)	(47)	(27)	(2)
SHAREHOLDERS FUNDS	(44)	(47)	(27)	(2)
CAPITAL EMPLOYED	(44)	(47)	(27)	(2)

Financial Comparison

The following figures are shown in units of 1000

Number of Weeks	52	52	52	52
Accounts Date	31/03/2011	31/03/2010	31/03/2009	31/03/2008
Currency	GBP	GBP	GBP	GBP
Liquid Assets	45	35	48	88
Net Working Capital	(45)	(49)	(28)	(3)
Tangible Net Worth(T.N.W)	(44)	(47)	(27)	(2)
Equity	(44)	(47)	(27)	(2)
Number of Years Trading	5	4	3	2

Key Credit Ratios

The following figures are shown as Ratios or Percentages

Accounts Date	31/03/2011	31/03/2010	31/03/2009	31/03/2008
Current Ratio	0.6	0.6	0.8	1
Pre Tax Profit Margin%		(7)	(9.9)	(2.4)
Gross Profit%		42.1	37.8	42.9
Debtors Days (D.S.O)		3	15	10
Creditors Days (D.P.O)		87	86	76
Quick Ratio	0.4	0.3	0.5	0.7
W.I.P/Inventory Days		69.3	78.4	60.1
Return on Investment%		1900	(136.8)	(350)
Return on Assets%		(28.4)	(28.9)	(6)
T.N.W/Total Assets%	(58.7)	(70.1)	(30)	(1.7)
Return on Capital%		40.4	96.3	350
Rtn on Shareholders Funds%
Working Capital/Sales%		(17.9)	(10.7)	(1)
Borrowing Ratio%		(97.9)	(170.4)	(200)
Equity Gearing%	(37)	(41.2)	(23.1)	(1.7)
Stock Turnover		9.1	7.5	10.6
Days Purchases Outstanding		150.2	138.8	133.5

Key Industry Sector Trends

Year	2011	2010	2009	2008
Sample Size	6671	11068	10996	11110
Pre-Tax Profit Margin	3	2.2	0.9	0.7
Current Ratio	1.6	1.6	1.6	1.6
Borrowing Ratio	39.9	39.5	50	51.4
Return on Capital	24.3	23.8	23.2	26.8
Creditors Days	222	175	122	100

Above figures relate to companies in 2003 Standard Industry Classification (Nace) sector : Wholesale of household goods

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 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.

Working Capital

The company's working capital deficiency reduced in the period and now stands at GBP 45,000.

Fixed Assets

The subject's fixed assets reduced during the year by GBP 1,000 to GBP 1,000 and are now 1 % of total assets compared with 2 % in the previous year.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.52.51
UK Pound	1	Rs.85.49
Euro	1	Rs.69.61

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%)

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.