MIRA INFORM REPORT
|
Report No. : |
349580 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
THE JEWELLERY CHANNEL LIMITED |
|
|
|
|
Registered Office : |
JEWELS
DIRECT LIMITED |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
15.12.2005 |
|
|
|
|
Com. Reg. No.: |
05654854 |
|
|
|
|
Legal Form : |
Private
limited with Share Capital |
|
|
|
|
Line of Business : |
·
Other retail sale of new goods in specialised stores (not
commercial art galleries and opticians) ·
Selling of jewellery and fashion accessories via tv
shopping channels and the internet. |
|
|
|
|
No. of Employee : |
59
(31.03.2014) |
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 : |
Slow |
|
|
|
|
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 |
A2 |
A2 |
|
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
THE JEWELLERY CHANNEL
LIMITED
Company
No
05654854
Registered
Address
SURREY HOUSEPLANE TREE CRESCENTFELTHAMTW13 7HF
Company
Summary
Registered
Address
SURREY
HOUSE
PLANE TREE CRESCENT
FELTHAM
TW13 7HF
Trading
Address
Surrey
House
Plane Tree Crescent
Feltham
Middlesex
TW13 7HF
Website
Address http://www.tjc.co.uk
Telephone
Number -
Fax
Number
TPS -
FPS No
Incorporation
Date 15/12/2005
Previous
Name JEWELS DIRECT LIMITED
Type Private limited with
Share Capital
FTSE
Index -
Date
of Change 17/03/2006
Filing
Date of Accounts 16/12/2014
Currency GBP
Share
Capital £7,250,000
SIC07 47789
Charity
Number -
SIC07
Description
OTHER
RETAIL SALE OF NEW GOODS IN SPECIALISED STORES (NOT COMMERCIAL ART GALLERIES
AND OPTICIANS)
Principal
Activity
Selling
of jewellery and fashion accessories via TV shopping channels and the internet.
Key
Financials
Year
to Date Turnover Pre Tax Profit Shareholder Funds Employees
31/03/2014 £30,795,785 £867,063 -£2,427,247 59
31/03/2013 £28,316,525 £129,529 -£10,519,248 49
31/03/2012 £23,387,902 £50,723 -£10,648,777 41
Mortgage
Summary
Total
Mortgage 6
Outstanding 5
Satisfied 1
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 Medium company in respect of the rating/limit
generated. |
|
This
company's ratio of total liabilities to total assets indicates that assets
are funded through debt rather than equity. |
|
This
company's return on total assets employed ratio indicates a relatively
efficient use of assets. |
|
This
company has only made late payments on a low percentage of invoices. |
|
This
company's bank loans and overdrafts (less cash) account for a moderate
percentage of short term liabilities. |
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 |
1 |
|
Total
Previous Directors / Company Secretaries |
14 |
Current
Directors
|
Name |
Sanjeen
Agrawal |
Date
of Birth |
20/09/1965 |
|
Officers
Title |
Mr |
Nationality |
Indian |
|
Present
Appointments |
3 |
Function |
Director |
|
Appointment
Date |
30/07/2007 |
||
|
Address |
Surrey
House Plane Tree Crescent, Feltham, Middlesex, TW13 7HF |
||
|
Name |
Rahim
Ullah |
Date
of Birth |
03/03/1956 |
|
Officers
Title |
Mr |
Nationality |
Indian |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
05/07/2010 |
||
|
Address |
Surrey
House Plane Tree Crescent, Feltham, Middlesex, TW13 7HF |
||
|
Name |
Colin
Francis Wagstaffe |
Date
of Birth |
04/06/1968 |
|
Officers
Title |
Mr |
Nationality |
British |
|
Present
Appointments |
1 |
Function |
Director |
|
Appointment
Date |
02/04/2013 |
||
|
Address |
63-71
High Street, Hampton Hill, Middlesex, TW12 1NH |
||
Current Company Secretary
|
Name |
Vivek
Jain |
Date
of Birth |
- |
|
Officers
Title |
Mr |
Nationality |
|
|
Present
Appointments |
1 |
Function |
Company
Secretary |
|
Appointment
Date |
08/09/2008 |
||
|
Address |
Surrey
House Plane Tree Crescent, Feltham, Middlesex, TW13 7HF |
||
Top
20 Shareholders
|
Currency |
Share
Count |
Share
Type |
Nominal
Value |
%
of Total Share Count |
|
|
GENOA
JEWELLERS LTD |
GBP |
7,250,000 |
ORDINARY |
1 |
100 |
Financials
Profit
& Loss
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£30,795,785 |
8.8% |
£28,316,525 |
21.1% |
£23,387,902 |
6.5% |
£21,960,265 |
-4.9% |
£23,081,360 |
|
Export |
£634,543 |
12.3% |
£564,959 |
-30.5% |
£813,079 |
5.5% |
£770,818 |
-24.1% |
£1,015,572 |
|
Cost of Sales |
£22,573,543 |
1.2% |
£22,306,966 |
20.5% |
£18,518,969 |
11.9% |
£16,551,594 |
-5.4% |
£17,491,591 |
|
Gross Profit |
£8,222,242 |
36.8% |
£6,009,559 |
23.4% |
£4,868,933 |
-10% |
£5,408,671 |
-3.2% |
£5,589,769 |
|
Wages & Salaries |
£2,261,934 |
22.5% |
£1,846,246 |
22.4% |
£1,508,021 |
3.3% |
£1,459,852 |
-14.7% |
£1,711,513 |
|
Directors Emoluments |
£170,000 |
47.8% |
£115,000 |
-3.7% |
£119,465 |
-31.3% |
£173,897 |
-12.8% |
£199,451 |
|
Operating Profit |
£1,022,645 |
291.1% |
£261,491 |
26.3% |
£207,027 |
-83% |
£1,221,253 |
-51.2% |
£2,502,850 |
|
Depreciation |
£170,865 |
36.6% |
£125,119 |
-61.4% |
£324,158 |
-13.4% |
£374,312 |
-12.1% |
£425,899 |
|
Audit Fees |
£24,000 |
- |
£24,000 |
-11.9% |
£27,250 |
13.5% |
£24,000 |
-14.3% |
£28,000 |
|
Interest Payments |
£155,894 |
16.6% |
£133,726 |
-14.5% |
£156,354 |
-12.8% |
£179,342 |
59.6% |
£112,394 |
|
Pre Tax Profit |
£867,063 |
569.4% |
£129,529 |
155.4% |
£50,723 |
-95.1% |
£1,042,227 |
-56.4% |
£2,390,540 |
|
Taxation |
-£62 |
- |
- |
- |
- |
- |
- |
100% |
-£18 |
|
Profit After Tax |
£867,001 |
569.3% |
£129,529 |
155.4% |
£50,723 |
-95.1% |
£1,042,227 |
-56.4% |
£2,390,522 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
£867,001 |
569.3% |
£129,529 |
155.4% |
£50,723 |
-95.1% |
£1,042,227 |
-56.4% |
£2,390,522 |
Balance Sheet
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Tangible Assets |
£761,876 |
92.8% |
£395,223 |
199.6% |
£131,934 |
-67.8% |
£409,388 |
-45.3% |
£748,652 |
|
Intangible Assets |
0 |
- |
0 |
-100% |
£244,444 |
-52.2% |
£511,111 |
-34.3% |
£777,778 |
|
Total Fixed Assets |
£761,876 |
92.8% |
£395,223 |
5% |
£376,378 |
-59.1% |
£920,499 |
-39.7% |
£1,526,430 |
|
Stock |
£3,009,881 |
-18.8% |
£3,707,532 |
-12.7% |
£4,248,130 |
32.1% |
£3,216,469 |
26.7% |
£2,537,758 |
|
Trade Debtors |
£790,915 |
24.8% |
£633,704 |
151.8% |
£251,702 |
53.7% |
£163,730 |
-46.4% |
£305,599 |
|
Cash |
£921,305 |
426.2% |
£175,102 |
65.6% |
£105,758 |
-29.4% |
£149,694 |
34.9% |
£110,993 |
|
Other Debtors |
£1,856,056 |
26.9% |
£1,462,913 |
-20.9% |
£1,848,794 |
146.4% |
£750,311 |
-34.6% |
£1,147,918 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£6,578,157 |
10% |
£5,979,251 |
-7.4% |
£6,454,384 |
50.8% |
£4,280,204 |
4.3% |
£4,102,268 |
|
Trade Creditors |
£1,746,515 |
-13.7% |
£2,023,196 |
-2.8% |
£2,081,677 |
211.2% |
£669,003 |
-55.8% |
£1,514,146 |
|
Bank Loans & Overdrafts |
£2,391,785 |
-1.6% |
£2,430,425 |
-10.2% |
£2,707,651 |
16.1% |
£2,331,919 |
-3.4% |
£2,414,278 |
|
Other Short Term Finance |
£2,837,124 |
-36.1% |
£4,440,621 |
-47.6% |
£8,469,874 |
-8.9% |
£9,294,312 |
-1% |
£9,387,002 |
|
Miscellaneous Current Liabilities |
£1,009,048 |
52.9% |
£659,735 |
-12.1% |
£750,618 |
-18.4% |
£920,250 |
-40.6% |
£1,549,530 |
|
Total Current Liabilities |
£7,984,472 |
-16.4% |
£9,553,977 |
-31.8% |
£14,009,820 |
6% |
£13,215,484 |
-11.1% |
£14,864,956 |
|
Bank Loans & Overdrafts and LTL |
£4,174,593 |
-57.3% |
£9,770,170 |
58.2% |
£6,177,370 |
23.1% |
£5,016,638 |
2% |
£4,919,747 |
|
Other Long Term Finance |
£1,782,808 |
-75.7% |
£7,339,745 |
111.5% |
£3,469,719 |
40.8% |
£2,464,719 |
20.5% |
£2,045,469 |
|
Total Long Term Liabilities |
£1,782,808 |
-75.7% |
£7,339,745 |
111.5% |
£3,469,719 |
29.2% |
£2,684,719 |
7.2% |
£2,505,469 |
.
Capital & Reserves
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Called Up Share Capital |
£7,250,000 |
999.9% |
£25,000 |
- |
£25,000 |
- |
£25,000 |
- |
£25,000 |
|
P & L Account Reserve |
-£9,677,247 |
8.2% |
-£10,544,248 |
1.2% |
-£10,673,777 |
0.5% |
-£10,724,500 |
8.9% |
-£11,766,727 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
-£2,427,247 |
76.9% |
-£10,519,248 |
1.2% |
-£10,648,777 |
0.5% |
-£10,699,500 |
8.9% |
-£11,741,727 |
Other Financial Items
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net Worth |
-£2,427,247 |
76.9% |
-£10,519,248 |
3.4% |
-£10,893,221 |
2.8% |
-£11,210,611 |
10.5% |
-£12,519,505 |
|
Working Capital |
-£1,406,315 |
60.7% |
-£3,574,726 |
52.7% |
-£7,555,436 |
15.4% |
-£8,935,280 |
17% |
-£10,762,688 |
|
Total Assets |
£7,340,033 |
15.1% |
£6,374,474 |
-6.7% |
£6,830,762 |
31.3% |
£5,200,703 |
-7.6% |
£5,628,698 |
|
Total Liabilities |
£9,767,280 |
-42.2% |
£16,893,722 |
-3.4% |
£17,479,539 |
9.9% |
£15,900,203 |
-8.5% |
£17,370,425 |
|
Net Assets |
-£2,427,247 |
76.9% |
-£10,519,248 |
1.2% |
-£10,648,777 |
0.5% |
-£10,699,500 |
8.9% |
-£11,741,727 |
Cash Flow
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Miscellaneous
|
Date Of Accounts |
31/03/14 |
(%) |
31/03/13 |
(%) |
31/03/12 |
(%) |
31/03/11 |
(%) |
31/03/10 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
-£644,439 |
79.7% |
-£3,179,503 |
55.7% |
-£7,179,058 |
10.4% |
-£8,014,781 |
13.2% |
-£9,236,258 |
|
Number of Employees |
59 |
20.4% |
49 |
19.5% |
41 |
7.9% |
38 |
5.6% |
36 |
|
Accountants |
|||||||||
|
Auditors |
KINGS MILL PARTNERSHIP |
||||||||
|
Auditor Comments |
The audit report contains no adverse
comments |
||||||||
|
Bankers |
|||||||||
|
Bank Branch Code |
|||||||||
Ratios
|
Date Of Accounts |
31/03/14 |
31/03/13 |
31/03/12 |
31/03/11 |
31/03/10 |
|
Pre-tax profit margin % |
2.82 |
0.46 |
0.22 |
4.75 |
10.36 |
|
Current ratio |
0.82 |
0.63 |
0.46 |
0.32 |
0.28 |
|
Sales/Net Working Capital |
-21.90 |
-7.92 |
-3.10 |
-2.46 |
-2.14 |
|
Gearing % |
-172 |
-92.90 |
-58 |
-46.90 |
-41.90 |
|
Equity in % |
-33.10 |
-165 |
-161.70 |
-228.20 |
-242.10 |
|
Creditor Days |
20.64 |
26 |
32.39 |
11.08 |
23.87 |
|
Debtor Days |
9.34 |
8.14 |
3.91 |
2.71 |
4.81 |
|
Liquidity/Acid Test |
0.44 |
0.23 |
0.15 |
0.08 |
0.10 |
|
Return On Capital Employed % |
-134.54 |
-4.07 |
-0.70 |
-13 |
-25.88 |
|
Return On Total Assets Employed % |
11.81 |
2.03 |
0.74 |
20.04 |
42.47 |
|
Current Debt Ratio |
-3.28 |
-0.90 |
-1.31 |
-1.23 |
-1.26 |
|
Total Debt Ratio |
-4.02 |
-1.60 |
-1.64 |
-1.48 |
-1.47 |
|
Stock Turnover Ratio % |
9.77 |
13.09 |
18.16 |
14.64 |
10.99 |
|
Return on Net Assets Employed % |
-35.72 |
-1.23 |
-0.47 |
-9.74 |
-20.35 |
Report
Notes
|
There
are no notes to display. |
Status
History
|
No
Status History found |
Event History
|
Date |
Description |
|
30/01/2015 |
Annual
Returns |
|
28/12/2014 |
New
Accounts Filed |
|
12/08/2014 |
Mr
S.H. Burugapalli has left the board |
|
27/12/2013 |
New
Accounts Filed |
|
27/12/2013 |
New
Accounts Filed |
|
25/12/2013 |
Annual
Returns |
|
10/10/2013 |
Change
in Reg.Office |
|
10/10/2013 |
Change
of Company Postcode |
|
11/04/2013 |
New
Board Member Mr C.F. Wagstaffe appointed |
|
04/02/2013 |
New
Accounts Filed |
|
04/02/2013 |
New
Accounts Filed |
|
22/01/2013 |
Annual
Returns |
|
24/12/2011 |
New
Accounts Filed |
|
24/12/2011 |
New
Accounts Filed |
|
20/12/2011 |
Annual
Returns |
Previous
Company Names
|
Date |
Previous
Name |
|
17/03/2006 |
JEWELS
DIRECT LIMITED |
Writ
Details
|
No
writs found |
Statistics
|
Group |
3
companies |
|
Linkages |
15
companies |
|
Countries |
In
11 countries |
Summary
|
Holding
Company |
- |
|
Ownership
Status |
Wholly
Owned |
|
Ultimate
Holding Company |
VIABHAV
GLOBAL LTD |
Group
Structure
|
Company
Name |
Latest
Key Financials |
Consol.
Accounts |
Turnover |
|
|
- |
- |
|
|
|
- |
- |
|
|
|
31.03.2014 |
N |
£30,795,785 |
Other
Linked Companies
|
Name |
Number |
Latest
Key Financials |
Turnover |
|
VAIBHAV
GLOBAL |
00174945 |
31.03.2015 |
€211,979,950 |
|
THE
JEWELRY CHANNEL, INC |
- |
$1,100,000 |
Mortgage
Details
|
Mortgage
Type: |
|||
|
Date
Charge Created: |
01/04/15 |
||
|
Date
Charge Registered: |
19/04/15 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
PUNJAB
NATIONAL BANK (INTERNATIONAL) LIMITED; |
||
|
Amount
Secured: |
|||
|
Details: |
CONTAINS
FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY
OR UNDERTAKING OF THE COMPANY.CONTAINS NEGATIVE PLEDGE. |
||
|
Mortgage
Type: |
DEED
OF CHARGE |
||
|
Date
Charge Created: |
01/06/10 |
||
|
Date
Charge Registered: |
02/06/10 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
PUNJAB
NATIONAL BANK (INTERNATIONAL) LIMITED |
||
|
Amount
Secured: |
£600,000
UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE
CHARGE |
||
|
Details: |
EPG
LICENSE WHICH IS THE OFCOM LICENSE TRANSFERRED FROM SIMPLY MEDIA TO THE
BORROWER, EFFECTIVE FROM22/03/10 AND EPG SERVICES BY BSKYB UNDER THE EPG
SERVICES AGREEMENT BETWEEN THE BORROWER AND BRITISH SKY BROADCASTING LIMITED
DATED 22/03/10 SEE IMAGE FOR FULL DETAILS |
||
|
Mortgage
Type: |
DEED
OF CHARGE OVER CREDIT BALANCES |
||
|
Date
Charge Created: |
01/03/10 |
||
|
Date
Charge Registered: |
11/03/10 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
BARCLAYS
BANK PLC |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
THE
CHARGE CREATES A FIXED CHARGE OVER ALL THE DEPOSIT(S) REFERRED TO IN THE
SCHEDULE TO THE FORM 395 (INCLUDING ALL ORANY PART OF THE MONEY PAYABLE
PURSUANT TO SUCH DEPOSIT(S) & THE DEBTS REPRESENTEDTHEREBY) TOGETHER WITH
ALL INTEREST FROM TIME TO TIME ACCRUING THEREON. IT ALSO CREATES AN
ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF & TO GIVE EFFECT TO THE
SECURITY OVER THE RIGHT OF THE CHARGORTO REQUIRE REPAYMENT OF SUCH DEPOSIT(S)
& INTEREST THEREON BARCLAYS BANK PLC RE THE JEWELLERY CHANNEL LIMITED
BUSINESS PREMIUM ACCOUNT ACCOUNT NUMBER 03962059 |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
13/06/08 |
||
|
Date
Charge Registered: |
21/06/08 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
PUNJAB
NATIONAL BANK (INTERNATIONAL) LIMITED |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR
EVIDENCING THE CHARGE |
||
|
Details: |
FIXED
AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS,
FIXTURES, FIXED PLANT & MACHINERY SEE IMAGEFOR FULL DETAILS |
||
|
Mortgage
Type: |
DEED
OF RENTAL DEPOSIT |
||
|
Date
Charge Created: |
30/08/07 |
||
|
Date
Charge Registered: |
19/09/07 |
||
|
Date
Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s)
Entitled: |
HAMPTON
HILL RICHMOND LIMITED |
||
|
Amount
Secured: |
ALL
MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF
THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
FIXED
CHARGE ALL THE COMPANY\S INTERESTIN THE INTEREST EARNING DEPOSIT ACCOUNTTO BE
OPENED BY THE LANDLORD\S SOLICITORS BERWIN LEIGHTON PAISNER LLP AT BARCLAYS
BANK PLC AND IN WHICH THE LANDLORD SHALLPLACE THE INITIAL DEPOSIT OF £123,375
("THE DEPOSIT ACCOUNT") SEE THE MORTGAGE CHARGE DOCUMENT FORFULL
DETAILS |
||
|
Mortgage
Type: |
DEBENTURE |
||
|
Date
Charge Created: |
20/04/06 |
||
|
Date
Charge Registered: |
22/04/06 |
||
|
Date
Charge Satisfied: |
04/08/14 |
||
|
Status: |
SATISFIED |
||
|
Person(s)
Entitled: |
HSBC
BANK PLC; |
||
|
Amount
Secured: |
|||
|
Details: |
FIXED
AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT
AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS
FIXTURESFIXED PLANT AND MACHINERY |
||
Previous
Director/Company Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Julian
Hatteea |
1 |
2 |
|
Julian
Hatteea |
1 |
2 |
|
John
David Simpson |
15 |
1 |
|
Ashwini
Kumar Sharma |
0 |
1 |
|
Manoj
Shrimali |
0 |
1 |
|
Sunil
Agrawal |
0 |
1 |
|
Charles
Newman |
0 |
2 |
|
Charles
Newman |
0 |
2 |
|
Suresh
Panjabi |
0 |
1 |
|
Saleem
Hatteea |
0 |
1 |
|
John
David Simpson |
0 |
1 |
|
Sri
Hari Burugapalli |
0 |
1 |
|
COMPANY
DIRECTORS LIMITED |
9351 |
196299 |
|
TEMPLE
SECRETARIES LIMITED |
11620 |
198021 |
|
Average
Invoice Value |
Ł836.16 |
|
|
Invoices
available |
248 |
|
|
Paid |
247 |
|
|
Outstanding |
1 |
|
|
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 |
136 |
92 |
15 |
1 |
3 |
|
Outstanding |
0 |
1 |
0 |
0 |
0 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ASH |
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.