MIRA INFORM REPORT

 

 

Report No. :

357025

Report Date :

28.12.2015

 

IDENTIFICATION DETAILS

 

Name :

FRIENDS JEWELLERS (UK) LTD

 

 

Registered Office :

62-64 Cape Hill, Smethwick, Birmingham, B66 4PB

 

 

Country :

United Kingdom

 

 

Date of Incorporation :

09.01.2015

 

 

Com. Reg. No.:

09382259

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Not Available

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

NB

 

RATING

STATUS

PROPOSED CREDIT LINE

 

--

NB

New Business

 

--

 

 

Status :

New Business

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. 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 has been a net importer of energy since 2005. Services, particularly banking, insurance, and business services, are key drivers of British GDP growth. Manufacturing, meanwhile, has declined in importance but still accounts for about 10% of economic output.

 

In 2008, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Falling 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

 

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

 

The Bank of England (BoE) implemented an asset purchase program of 375 billion (approximately $586 billion) as of December 2014. 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

 

Company Name and address

 

Company Name:           FRIENDS JEWELLERS (UK) LTD

Company No:                09382259

Company Status:          Active - Newly Incorporated

Registered Address:      62-64 CAPE HILL SMETHWICK BIRMINGHAM B66 4PB

 

 

Company Summary

 

Registered Address       62-64 CAPE HILL, SMETHWICK, BIRMINGHAM, B66 4PB

Trading Address            62-64 Cape Hill, Smethwick, West Midlands, B66 4PB

Website Address           -

Telephone Number        -

Fax Number                  -

TPS                              -

FPS                              Yes

Incorporation Date         09/01/2015

Previous Name              -

Type                             Private limited with Share Capital

FTSE Index                   -

Date of Change             -

Filing Date of Accounts             -

Currency                       -

Share Capital                -

SIC07                           -

Charity Number             -

SIC07 Description         -

Principal Activity           -

 

 

Key Financials

 

Year to Date                 Turnover           Pre Tax Profit                Shareholder      Funds Employees

-                                   -                       -                                   -                       -

-                                   -                       -                                   -                       -

-                                   -                       -                                   -                       -

 

 

Mortgage Summary

 

Total Mortgage              0

Outstanding                  0

Satisfied                       0

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade       0

Total Value of Documented Trade          £0

 

 

Commentary

 

This company has been treated as a New company in respect of the rating/limit generated.

This company has not yet filed financial statements and is aged 12 months or less.

This company is based in a geographical area with a moderate level of corporate failures.

This company does not have any registered mortgage charges.

There have been no director resignations in the last 6 months.

 

 

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

Total Number of Writs -

-

 

 

Total Current Directors

3

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

0

 

 

Current Directors

 

Title

Mr

Function

Director

Name

Charanji Lal

Nationality

British

Date of Birth

06/1939

Present Appointments

5

Latest Address

19 Farquhar Road, Edgbaston, Birmingham, West Midlands

Appointment Date

09/01/2015

Post Code

B15 3RA

Title

Mr

Function

Director

Name

Sunil Datt

Nationality

British

Date of Birth

07/1968

Present Appointments

9

Latest Address

19 Farquhar Road, Edgbaston, Birmingham, West Midlands

Appointment Date

09/01/2015

Post Code

B15 3RA

 

Title

Mrs

Function

Director

Name

Koshalya Rani

Nationality

British

Date of Birth

01/1941

Present Appointments

2

Latest Address

19 Farquhar Road, Edgbaston, Birmingham, West Midlands

Appointment Date

09/01/2015

Post Code

B15 3RA

 

 

FINANCIALS

 

Profit & Loss

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Weeks

-

(%)

-

(%)

-

(%)

-

(%)

-

Currency

-

(%)

-

(%)

-

(%)

-

(%)

-

Consolidated A/cs

-

(%)

-

(%)

-

(%)

-

(%)

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Turnover

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Export

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Cost of Sales

-

-

-

-

-

-

-

-

-

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Gross Profit

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Wages & Salaries

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Directors Emoluments

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Operating Profit

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Depreciation

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Audit Fees

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Interest Payments

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Taxation

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Profit After Tax

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Dividends Payable

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Tangible Assets

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Intangible Assets

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Total Fixed Assets

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Stock

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Trade Debtors

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Cash

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Other Debtors

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Miscellaneous Current Assets

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Total Current Assets

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Trade Creditors

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Bank Loans & Overdrafts

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Other Short Term Finance

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Miscellaneous Current Liabilities

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Total Current Liabilities

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Bank Loans & Overdrafts and LTL

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Other Long Term Finance

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Total Long Term Liabilities

-

-

-

-

-

-

-

-

-

.

Capital & Reserves

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Called Up Share Capital

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

P & L Account Reserve

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Shareholder Funds

-

-

-

-

-

-

-

-

-

 

Other Financial Items

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Net Worth

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Working Capital

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Total Assets

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Total Liabilities

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Net Assets

-

-

-

-

-

-

-

-

-

 

Cash Flow

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

Date Of Accounts

-

(%)

-

(%)

-

(%)

-

(%)

-

Contingent Liability

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Capital Employed

-

-

-

-

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

-

Auditors

-

Auditor Comments

-

Bankers

-

Bank Branch Code

-

 

Ratios

Date Of Accounts

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Pre-tax profit margin %

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Current ratio

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Sales/Net Working Capital

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Gearing %

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Equity in %

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Creditor Days

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Debtor Days

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Liquidity/Acid Test

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Return On Capital Employed %

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Return On Total Assets Employed %

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Current Debt Ratio

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Total Debt Ratio

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Stock Turnover Ratio %

-

-

-

-

-

Description: \\SHRADDHA\Online Foreign Reports\FRIENDS JEWELLERS (UK) LTD_files\barchart-grey.png

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

20/01/2015

New Board Member Mr S. Datt appointed

20/01/2015

New Board Member Mr C. Lal appointed

13/01/2015

New Board Member Mr S. Datt appointed

13/01/2015

New Board Member Mrs K. Rani appointed

13/01/2015

New Board Member Mr C. Lal appointed

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

 

Group Structure Full

 

No Group Structure

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

Within Terms

0-30 Days

31-60 Days

61-90 Days

91+ Days

Paid

Outstanding

 

 

Director Failures (1)

Description:

A Director of this company was previously appointed to a company which has become insolvent within the last 12 months.

Details:

Mr Sunil Datt, a current Director of this company was previously appointed to 08700568 which has failed and entered some form of insolvency within the last 12 months.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.20

UK Pound

1

Rs.98.30

Euro

1

Rs.72.41

GBP

1

Rs.98.64

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               


 

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.