|
|
|
|
Report No. : |
489137 |
|
Report Date : |
01.02.2018 |
IDENTIFICATION DETAILS
|
Name : |
TAJ FOODS LIMITED |
|
|
|
|
Registered Office : |
C/O Unit 4,
Cromwell Business Centre, 10 River Road, Barking, Essex, IG11 0DG |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2016 |
|
|
|
|
Date of Incorporation : |
09.01.2006 |
|
|
|
|
Com. Reg. No.: |
05669542 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Manufacture of Other Food Products N.E.C. |
|
|
|
|
No. of Employees : |
18 [2016] |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
C |
|
Credit Rating |
Explanation |
Rating Comments |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow & Delayed |
|
|
|
|
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.
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; 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 the UK’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 then CAMERON-led coalition
government (between Conservatives and Liberal Democrats) initiated an austerity
program, which has continued under the Conservative government. However, the
deficit still remains one of the highest in the G7, standing at 3.6% of GDP as
of 2017, and the UK has pledged to lower its corporation tax from 20% to 17% by
2020. The UK had a debt burden of 90.4% GDP at the end of 2017.
The UK’s economy has begun to slow since the referendum vote to leave the
EU in June 2016. A sustained depreciation of the British pound has increased
consumer and producer prices, weighing on consumer spending without spurring a
meaningful increase in exports. The UK has an extensive trade relationship with
other EU members through its single market membership and economic observers
have warned the exit will jeopardize its position as the central location for
European financial services. Prime Minister MAY is seeking a new “deep and
special” trade relationship with the EU following the UK’s exit. However,
economists doubt that the UK will be able to preserve the benefits of EU
membership without the obligations.
|
Source
: CIA |
Registered Address
C/O Unit 4,
Cromwell Business Centre
10 River Road
Barking
Essex
IG11 0DG
Trading Address
10 River Road
Barking
Essex
IG11 0DG
Website Address http://www.tajfoods.com
Company Number 05669542
Telephone Number 02085941542
Fax Number -
TPS No
FPS Yes
Incorporation Date 09/01/2006
Previous Name -
Type Private Limited with Share Capital
FTSE Index -
Date of Change -
Filing Date of Accounts 21/03/2017
Currency GBP
Share Capital £100
SIC07 10890
Charity Number -
SIC07 Description Manufacture of Other
Food Products N.E.C.
Principal Activity -
CCJ's 1 (£1,658)
04/01/2018 COUNTY
COURT MONEY CLAIMS CENTRE £1,658 Judgment
- - - -
- - - -
Ultimate Holding Company DJANS ENTERPRISE
LIMITED
Accountant BARNES ROFFE LLP
Mortgages 2
Trade Debtors -
Group 3 companies
Linkages 0 companies
Countries In 0 countries
|
Year to Date |
Turnover |
Pre Tax Profit |
Shareholder |
Funds Employees |
|
31.12.2016 |
- |
- |
£1,066,368 |
18 |
|
31.12.2015 |
- |
- |
£1,041,676 |
18 |
|
31.12.2014 |
- |
- |
£877,332 |
- |
Total Mortgage 2
Outstanding 2
Satisfied 0
Total Number of Documented
Trade 3
Total
Value of Documented Trade £5,029
|
This company has been treated as a Small
company. |
|
This company has had a CCJ registered
against them within the last 36 months which is currently still outstanding. |
|
This company has only made late payments on
a low percentage of invoices. |
|
This company trades in an industry with a
moderate level of corporate failures. |
|
Total Number of Exact CCJs - |
1 |
Total Value of Exact CCJs - |
£1,658 |
|
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 |
4 |
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
1 |
Total Person's With Significant Control |
1 |
|
Title |
Mrs |
Function |
Director |
|
Name |
Shubhprabha Solanki |
Nationality |
British |
|
Date of Birth |
10/1955 |
Present Appointments |
6 |
|
Latest Address |
10 River Road, Barking, Essex |
Appointment Date |
09/01/2006 |
|
Post Code |
IG11 0DG |
||
|
Title |
Mr |
Function |
Director |
|
Name |
Jimal Solanki |
Nationality |
British |
|
Date of Birth |
02/1988 |
Present Appointments |
4 |
|
Latest Address |
10 River Road, Barking, Essex |
Appointment Date |
04/02/2008 |
|
Post Code |
IG11 0DG |
||
|
Title |
Mr |
Function |
Director |
|
Name |
Nishal Solanki |
Nationality |
British |
|
Date of Birth |
05/1986 |
Present Appointments |
2 |
|
Latest Address |
10 River Road, Barking, Essex |
Appointment Date |
04/02/2008 |
|
Post Code |
IG11 0DG |
||
|
Title |
Mr |
Function |
Director |
|
Name |
Devik Kumar Solanki |
Nationality |
British |
|
Date of Birth |
11/1994 |
Present Appointments |
3 |
|
Latest Address |
10 River Road, Barking, Essex |
Appointment Date |
01/05/2015 |
|
Post Code |
IG11 0DG |
||
|
Title |
Mrs |
Function |
Company Secretary |
|
Name |
Shubhprabha Solanki |
Nationality |
British |
|
Date of Birth |
10/1955 |
Present Appointments |
7 |
|
Latest Address |
10 River Road, Barking, Essex |
Appointment Date |
09/01/2006 |
|
Post Code |
IG11 0DG |
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
DJANS ENTERPRISE LTD |
GBP |
100 |
ORDINARY |
1 |
100 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
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 |
£389,745 |
-5.7% |
£413,225 |
- |
- |
- |
- |
- |
- |
|
|
Directors Emoluments |
£102,120 |
-12.9% |
£117,290 |
- |
- |
- |
- |
- |
- |
|
|
Operating Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Depreciation |
£27,687 |
30.7% |
£21,177 |
0.5% |
£21,068 |
0.5% |
£20,956 |
-0.4% |
£21,050 |
|
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Pre Tax Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Profit After Tax |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Retained Profit |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Tangible Assets |
£274,820 |
109.9% |
£130,909 |
-11.6% |
£148,091 |
44.3% |
£102,622 |
5.3% |
£97,456 |
|
|
Intangible Assets |
£375,000 |
-16.7% |
£450,000 |
-14.3% |
£525,000 |
-12.5% |
£600,000 |
-11.1% |
£675,000 |
|
|
Total Fixed Assets |
£649,820 |
11.9% |
£580,909 |
-13.7% |
£673,091 |
-4.2% |
£702,622 |
-9% |
£772,456 |
|
|
Stock |
£930,132 |
-21.5% |
£1,184,249 |
89.8% |
£624,000 |
-9.5% |
£689,772 |
66.4% |
£414,495 |
|
|
Trade Debtors |
£441,907 |
-10.7% |
£495,003 |
-19.7% |
£616,656 |
10.6% |
£557,629 |
7.9% |
£516,576 |
|
|
Cash |
£15,055 |
246.4% |
£4,346 |
-88.7% |
£38,510 |
39.3% |
£27,643 |
-9.3% |
£30,463 |
|
|
Other Debtors |
£50,272 |
-0.5% |
£50,525 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Assets |
£1,437,366 |
-17.1% |
£1,734,123 |
35.6% |
£1,279,166 |
0.3% |
£1,275,044 |
32.6% |
£961,534 |
|
|
Trade Creditors |
£366,015 |
-10.8% |
£410,182 |
-60.9% |
£1,048,340 |
58.3% |
£662,140 |
11.2% |
£595,328 |
|
|
Bank Loans & Overdrafts |
0 |
-100% |
£226,344 |
- |
0 |
- |
0 |
- |
0 |
|
|
Other Short Term Finance |
£76,307 |
-24.2% |
£100,640 |
- |
0 |
- |
0 |
- |
0 |
|
|
Miscellaneous Current Liabilities |
£424,814 |
-17.6% |
£515,670 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Current Liabilities |
£867,136 |
-30.8% |
£1,252,836 |
19.5% |
£1,048,340 |
58.3% |
£662,140 |
11.2% |
£595,328 |
|
|
Bank Loans & Overdrafts and LTL |
£153,682 |
-37.7% |
£246,864 |
828.6% |
£26,585 |
-96.5% |
£760,959 |
-9.9% |
£844,123 |
|
|
Other Long Term Finance |
£103,046 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
|
Total Long Term Liabilities |
£153,682 |
648.9% |
£20,520 |
-22.8% |
£26,585 |
-96.5% |
£760,959 |
-9.9% |
£844,123 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Called Up Share Capital |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
- |
£100 |
|
|
P & L Account Reserve |
£1,066,268 |
2.4% |
£1,041,576 |
18.7% |
£877,232 |
58.2% |
£554,467 |
88.3% |
£294,439 |
|
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Shareholder Funds |
£1,066,368 |
2.4% |
£1,041,676 |
18.7% |
£877,332 |
58.2% |
£554,567 |
88.3% |
£294,539 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Net Worth |
£691,368 |
16.8% |
£591,676 |
67.9% |
£352,332 |
875.5% |
-£45,433 |
88.1% |
-£380,461 |
|
|
Working Capital |
£570,230 |
18.5% |
£481,287 |
108.5% |
£230,826 |
-62.3% |
£612,904 |
67.4% |
£366,206 |
|
|
Total Assets |
£2,087,186 |
-9.8% |
£2,315,032 |
18.6% |
£1,952,257 |
-1.3% |
£1,977,666 |
14.1% |
£1,733,990 |
|
|
Total Liabilities |
£1,020,818 |
-19.8% |
£1,273,356 |
18.5% |
£1,074,925 |
-24.5% |
£1,423,099 |
-1.1% |
£1,439,451 |
|
|
Net Assets |
£1,066,368 |
2.4% |
£1,041,676 |
18.7% |
£877,332 |
58.2% |
£554,567 |
88.3% |
£294,539 |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
|
Net Cashflow from Operations |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow before Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Net Cashflow from Financing |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
|
Increase in Cash |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Date Of Accounts |
31/12/16 |
(%) |
31/12/15 |
(%) |
31/12/14 |
(%) |
31/12/13 |
(%) |
31/12/12 |
|
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
|
|
Capital Employed |
£1,220,050 |
14.9% |
£1,062,196 |
17.5% |
£903,917 |
-31.3% |
£1,315,526 |
15.5% |
£1,138,662 |
|
|
Number of Employees |
18 |
- |
18 |
- |
- |
- |
- |
- |
- |
|
Accountants |
BARNES ROFFE LLP |
|||||||||
|
Auditors |
||||||||||
|
Auditor Comments |
The company is exempt from audit |
|||||||||
|
Bankers |
||||||||||
|
Bank Branch Code |
||||||||||
|
Date Of Accounts |
31/12/16 |
31/12/15 |
31/12/14 |
31/12/13 |
31/12/12 |
|
|
|
Pre-tax profit margin % |
- |
- |
- |
- |
- |
|
|
Current ratio |
1.66 |
1.38 |
1.22 |
1.93 |
1.62 |
|
|
Sales/Net Working Capital |
- |
- |
- |
- |
- |
|
|
Gearing % |
14.40 |
23.70 |
3 |
137.20 |
286.60 |
|
|
Equity in % |
62.30 |
55.90 |
61.50 |
40.30 |
27.80 |
|
|
Creditor Days |
- |
- |
- |
- |
- |
|
|
Debtor Days |
- |
- |
- |
- |
- |
|
|
Liquidity/Acid Test |
0.58 |
0.43 |
0.62 |
0.88 |
0.91 |
|
|
Return On Capital Employed % |
- |
- |
- |
- |
- |
|
|
Return On Total Assets Employed % |
- |
- |
- |
- |
- |
|
|
Current Debt Ratio |
0.81 |
1.20 |
1.19 |
1.19 |
2.02 |
|
|
Total Debt Ratio |
0.95 |
1.22 |
1.22 |
2.56 |
4.88 |
|
|
Stock Turnover Ratio % |
- |
- |
- |
- |
- |
|
|
Return on Net Assets Employed % |
- |
- |
- |
- |
- |
Report Notes
|
There are no notes to display. |
Status History
|
No Status History found |
|
Date |
Description |
|
05/05/2017 |
Confirmation Statement |
|
28/03/2017 |
Payment Data Update Received |
|
27/03/2017 |
New Accounts Filed |
|
27/03/2017 |
New Accounts Filed |
|
18/08/2016 |
Payment Data Update Received |
|
10/06/2016 |
New Accounts Filed |
|
18/05/2016 |
Annual Returns |
|
12/04/2016 |
New Board Member Mr D.K. Solanki appointed |
|
02/06/2015 |
Annual Returns |
|
14/04/2015 |
New Accounts Filed |
|
14/04/2015 |
New Accounts Filed |
|
07/08/2014 |
New Accounts Filed |
|
21/07/2014 |
Mr A.K. Solanki has left the board |
|
14/05/2014 |
Annual Returns |
|
10/09/2013 |
New Accounts Filed |
Previous Company Names
|
No Previous Names found |
Writ Details
|
No writs found |
Statistics
|
Group |
3 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
DJANS ENTERPRISE LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
DJANS ENTERPRISE LIMITED |
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
09297216 |
31.12.2016 |
N |
|
|
|
04827878 |
31.12.2016 |
N |
|
|
|
05669542 |
31.12.2016 |
N |
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
02/02/12 |
||
|
Date Charge Registered: |
10/02/12 |
||
|
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: |
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 |
||
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
21/12/09 |
||
|
Date Charge Registered: |
08/01/10 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
OUTSTANDING |
||
|
Person(s) Entitled: |
WESLEYAN ASSURANCE SOCIETY |
||
|
Amount Secured: |
£9,000 DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE |
||
|
Details: |
RENT DEPOSIT OF £9,000 |
||
|
Total Number |
Total Value |
|
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
||
|
Total Number of Documented Trade |
Total Value of Documented Trade |
||
|
Trade Debtors |
3 |
£5,029 |
|
|
Company Name |
Amount |
Statement Date |
|
|
Meera Catering Limited |
£3,606 |
22/06/2017 |
|
|
Masalamart Ltd |
£860 |
02/06/2016 |
|
|
I S W Limited |
£563 |
28/05/2010 |
|
|
Name |
Current Active Appointments |
Previous Appointments |
Dissolved Companies |
|||
|
Anil Kumar Solanki |
4 |
1 |
1 |
|||
|
Total Persons With Significant Control |
1 |
Total Statements |
0 |
|||
|
Active |
1 |
Active |
0 |
|||
|
Ceased |
0 |
Ceased |
0 |
|||
|
Name |
Djans Enterprise Limited |
Kind |
Corporate Entity With Significant Control |
||
|
Address |
Unit 4 Cromwell Business Centre 10 River
Road, Barking, Essex |
Notified On |
06/04/2016 |
||
|
Post Code |
IG11 0DG |
Legal Form |
Limited Company |
||
|
Authority |
Companies Act 2006 |
Place Registered |
Companies House |
||
|
Country Registered |
England |
Registration Number |
09297216 |
||
|
Nature Of Control |
Ownership Of Shares 75 To 100 Percent,Voting
Rights 75 To 100 Percent,Right To Appoint And Remove Directors |
||||
Ceased Persons With Significant Control
|
No Ceased Persons With Significant Control
To Display |
Active Statements
|
No Active Statements To Display |
Ceased Statements
|
No Ceased Statements To Display |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
INR 63.69 |
|
|
1 |
INR 90.35 |
|
Euro |
1 |
INR 79.21 |
|
GBP |
1 |
INR 90.46 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
NIY |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.