MIRA
INFORM REPORT
|
Report Date : |
18.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
3R ENTERPRISES LIMITED |
|
|
|
|
Registered Office : |
Unit 1 Kelvin Industrial Estate Long Drive Greenford UB6 8GB |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2011 |
|
|
|
|
Date of Incorporation : |
25.02.2005 |
|
|
|
|
Com. Reg. No.: |
05375748 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Non-Specialised Wholesale Trade |
|
|
|
|
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 |
|
Status : |
Moderate |
|
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 – 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset
purchase program of up to £375 billion (approximately $605 billion) as of
December 2012. 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). In 2012, weak consumer spending and
subdued business investment weighed on the economy. GDP fell 0.1%, and the
budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued
to increase.
Source
: CIA
Company name and address
|
Company Name |
3R ENTERPRISES LIMITED |
Company Number |
05375748 |
|
|
|
|
|
|
Registered Address |
UNIT 1 KELVIN INDUSTRIAL ESTATE
|
Trading Address |
Unit A |
|
|
LONG DRIVE |
|
|
|
|
GREENFORD |
|
|
|
|
UB6 8GB |
|
|
|
|
|
|
|
|
Website Address |
|
|
|
|
Telephone Number |
- |
Fax Number |
|
|
TPS |
- |
FPS |
No |
|
Incorporation Date |
25/02/2005 |
Company Status |
Active - Accounts Filed |
|
Previous Name |
|
Type |
Private limited with Share
Capital |
|
Date of Change |
- |
Filing Date of Accounts |
22/05/2012 |
|
|
|
Share Capital |
£100 |
|
SIC03 |
5190 |
Currency |
GBP |
|
SIC03 Description |
OTHER WHOLESALE |
||
|
SIC07 |
46900 |
||
|
SIC07 Description |
NON-SPECIALISED WHOLESALE
TRADE |
||
|
Principal Activity |
|
||
Commentary
|
No exact match CCJs are
recorded against the company. |
|
|
There is insufficient data
to indicate a change in this companies percentage of sales. |
|
|
Net Worth increased by 37.9%
during the latest trading period. |
|
|
A 26.7% growth in Total
Assets occurred during the latest trading period. |
|
|
There is insufficient data
to indicate a change in this companies pre-tax profit. |
|
|
The company saw a decrease
in their Cash Balance of 59.9% during the latest trading period. |
|
|
The company is exempt from
audit. |
|
|
No recent changes in
directorship are recorded. |
|
|
The company is not part of a
group. |
|
|
The movement in accumulated
earnings would indicate that the company made a profit after tax and other
appropriations, including dividends. |
|
|
The company was established
over 8 years ago. |
|
Key Financials
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder Funds |
Employees |
|
31/12/2011 |
- |
- |
£6,929 |
- |
|
31/12/2010 |
- |
- |
£5,023 |
- |
|
31/12/2009 |
- |
- |
-£69,933 |
- |
Payment Information Summary
|
Days Beyond Terms |
Trend Indicator |
|
||||
|
Steady Improving Worsening |
|
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 |
2 |
|
Satisfied |
0 |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors /
Company Secretaries |
2 |
Current Directors
|
Name |
Date of Birth |
22/11/1956 |
|
|
Officers Title |
|
Nationality |
British |
|
Present Appointments |
2 |
Function |
Director |
|
Appointment Date |
25/02/2005 |
|
|
|
Address |
79 Paines Lane, Pinner,
Middlesex, HA5 3BX |
||
|
Other Actions |
|
||
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
|
Name |
Date of Birth |
05/04/1953 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
3 |
Function |
Director |
|
Appointment Date |
25/02/2005 |
|
|
|
Address |
79 Paines Lane, Pinner,
Middlesex, HA5 3BX |
||
|
Other Actions |
|
||
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
Current Company Secretary
|
Name |
Date of Birth |
22/11/1956 |
|
|
Officers Title |
|
Nationality |
British |
|
Present Appointments |
2 |
Function |
Company Secretary |
|
Appointment Date |
25/02/2005 |
|
|
|
Address |
79 Paines Lane, Pinner,
Middlesex, HA5 3BX |
||
|
Other Actions |
|
||
|
|
|
|
|
|
Disqualified |
|
Disqualified End Date |
|
|
Disqualification
Exception |
No |
|
|
Top 20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
|
MRS TERSAM KUMARI PURI |
GBP |
50 |
ORDINARY |
1 |
50 |
|
MR RAJIV KUMAR PURI |
GBP |
50 |
ORDINARY |
1 |
50 |
Profit & Loss
|
Date Of Accounts |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Wages & Salaries |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Directors Emoluments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Depreciation |
£25,796 |
-9.9% |
£28,638 |
21.4% |
£23,581 |
-49% |
£46,280 |
-1.4% |
£46,950 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Balance Sheet
|
Date Of Accounts |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
|
Tangible Assets |
£471,359 |
-5.2% |
£497,155 |
-0.1% |
£497,804 |
-2.6% |
£511,074 |
-5.5% |
£540,654 |
|
Intangible Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Fixed Assets |
£471,359 |
-5.2% |
£497,155 |
-0.1% |
£497,804 |
-2.6% |
£511,074 |
-5.5% |
£540,654 |
|
Stock |
£117,065 |
-26.3% |
£158,825 |
5.9% |
£149,974 |
1.9% |
£147,214 |
0.2% |
£146,938 |
|
Trade Debtors |
£793,317 |
135.7% |
£336,595 |
-47.6% |
£642,895 |
38.4% |
£464,409 |
29.4% |
£358,860 |
|
Cash |
£57,398 |
-59.9% |
£143,158 |
295% |
£36,244 |
585.9% |
£5,284 |
-91% |
£58,599 |
|
Other Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
-100% |
£4,500 |
|
Total Current Assets |
£967,780 |
51.6% |
£638,578 |
-23% |
£829,113 |
34.4% |
£616,907 |
8.4% |
£568,897 |
|
Trade Creditors |
£1,232,210 |
32.4% |
£930,710 |
-18.8% |
£1,146,850 |
-16.3% |
£1,370,484 |
-6.7% |
£1,468,208 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Miscellaneous Current
Liabilities |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Liabilities |
£1,232,210 |
32.4% |
£930,710 |
-18.8% |
£1,146,850 |
-16.3% |
£1,370,484 |
-6.7% |
£1,468,208 |
|
Bank Loans & Overdrafts
and LTL |
£200,000 |
- |
£200,000 |
-20% |
£250,000 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term
Liabilities |
£200,000 |
- |
£200,000 |
-20% |
£250,000 |
- |
0 |
- |
0 |
Capital & Reserves
|
Date Of Accounts |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
P & L Account Reserve |
£6,829 |
38.7% |
£4,923 |
107% |
-£70,033 |
71.1% |
-£242,603 |
32.4% |
-£358,757 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£6,929 |
37.9% |
£5,023 |
107.2% |
-£69,933 |
71.2% |
-£242,503 |
32.4% |
-£358,657 |
Other Financial Items
|
Date Of Accounts |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
|
Net Worth |
£6,929 |
37.9% |
£5,023 |
107.2% |
-£69,933 |
71.2% |
-£242,503 |
32.4% |
-£358,657 |
|
Working Capital |
-£264,430 |
9.5% |
-£292,132 |
8.1% |
-£317,737 |
57.8% |
-£753,577 |
16.2% |
-£899,311 |
|
Total Assets |
£1,439,139 |
26.7% |
£1,135,733 |
-14.4% |
£1,326,917 |
17.6% |
£1,127,981 |
1.7% |
£1,109,551 |
|
Total Liabilities |
£1,432,210 |
26.7% |
£1,130,710 |
-19.1% |
£1,396,850 |
1.9% |
£1,370,484 |
-6.7% |
£1,468,208 |
|
Net Assets |
£6,929 |
37.9% |
£5,023 |
107.2% |
-£69,933 |
71.2% |
-£242,503 |
32.4% |
-£358,657 |
Miscellaneous
|
Date Of Accounts |
31/12/11 |
(%) |
31/12/10 |
(%) |
31/12/09 |
(%) |
31/12/08 |
(%) |
31/12/07 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£206,929 |
0.9% |
£205,023 |
13.9% |
£180,067 |
174.3% |
-£242,503 |
32.4% |
-£358,657 |
|
Number of Employees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Auditors |
|
||||||||
|
Auditor Comments |
The company is exempt from
audit |
||||||||
|
Bankers |
|
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
31/12/11 |
31/12/10 |
31/12/09 |
31/12/08 |
31/12/07 |
||
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
||
|
Current ratio |
0.79 |
0.69 |
0.72 |
0.45 |
0.39 |
||
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
||
|
Gearing % |
2886.40 |
3981.70 |
-357.50 |
0 |
0 |
||
|
Equity in % |
0.50 |
0.40 |
-5.30 |
-21.50 |
-32.30 |
||
|
Creditor Days |
- |
- |
- |
- |
- |
||
|
Debtor Days |
- |
- |
- |
- |
- |
||
|
Liquidity/Acid Test |
0.69 |
0.51 |
0.59 |
0.34 |
0.29 |
||
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
||
|
Return On Total Assets
Employed % |
- |
- |
- |
- |
- |
||
|
Current Debt Ratio |
177.83 |
185.28 |
-16.39 |
-5.65 |
-4.09 |
||
|
Total Debt Ratio |
206.69 |
225.10 |
-19.97 |
-5.65 |
-4.09 |
||
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
||
|
Return on Net Assets
Employed % |
- |
- |
- |
- |
- |
||
|
Limited Company Report |
Your Login: Lauren Samuel Your User ID: 100097861 |
|
|||||
|
Company No: 05375748 |
|
||||||
Status History
|
No Status History found |
*Event History
|
Date |
Description |
|
22/03/2013 |
Annual Returns |
|
26/05/2012 |
New Accounts Filed |
|
30/03/2012 |
Annual Returns |
|
14/04/2011 |
New Accounts Filed |
|
25/03/2011 |
Annual Returns |
|
07/06/2010 |
New Accounts Filed |
|
07/06/2010 |
New Accounts Filed |
|
22/03/2010 |
Annual Returns |
|
15/03/2009 |
New Accounts Filed |
|
02/03/2009 |
Annual Returns |
|
12/03/2008 |
New Accounts Filed |
|
05/03/2008 |
Annual Returns |
|
01/10/2007 |
New Accounts Filed |
|
22/11/2006 |
New Accounts Filed |
|
18/04/2006 |
Change in Reg.Office |
Previous Company Names
|
No Previous Names found |
Statistics
|
Group |
- |
|
Linkages |
|
|
Countries |
Summary
Group structure
No group structure
Statistics
|
Group |
|
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Exact CCJ Details
|
No CCJs found |
Possible CCJs Details
|
There are no possible CCJ
details |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
CHARGE OF DEPOSIT |
||
|
Date Charge Created: |
01/05/08 |
|
|
|
Date Charge Registered: |
08/05/08 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK
PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
THE DEPOSIT INITIALLY OF
£20,000 CREDITED TO ACCOUNT DESIGNATION NUMBER 50545094 WITH THE BANK ANDANY
ADDITION TO THATDEPOSIT AND ANY DEPOSIT OR ACCOUNT FROMTIME TO TIME OF ANY
OTHER CURRENCY DESCRIPTION OR DESIGNATION WHICH DERIVES IN WHOLE OR IN PART
FROM SUCH DEPOSIT OR ACCOUNT |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
25/02/08 |
|
|
|
Date Charge Registered: |
28/02/08 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK
PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME
DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES
OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING
GOODWILL UNCALLED CAPITAL BUILDINGS FIXTURES PLANT ANDMACHINERY SEE IMAGE FOR
FULL DETAILS |
||
Creditor Details
|
No Creditor Data |
||
|
Total Value |
- |
|
Trade Debtors / Bad Debt Detail
|
No Debtor Data |
||
|
Total Value |
- |
|
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
210 |
20779 |
|
|
246 |
21544 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.94 |
|
|
1 |
Rs.82.76 |
|
Euro |
1 |
Rs.71.04 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.