MIRA INFORM REPORT

Report No. :	507134
Report Date :	05.05.2018

IDENTIFICATION DETAILS

Name :	UJT LIMITED
Registered Office :	Japonica House 8 Spring Villa Park Edgware Ha8 7xt
Country :	United Kingdom
Financials (as on) :	31.01.2017
Date of Incorporation :	15.12.2010
Com. Reg. No.:	07470381
Legal Form :	Private limited with Share Capital
Line of Business :	Wholesale Of Watches And Jewellery
No. of Employees :	12

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23^rd 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
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

Country Name	Previous Rating (30.09.2017)	Current Rating (31.12.2017)
United Kingdom	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low Risk	A2
Moderately Low Risk	B1
Moderate Risk	B2
Moderately High Risk	C1
High Risk	C2
Very High Risk	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; 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

Company name and address

Company Name: UJT LIMITED

Company No: 07470381

Registered Address: JAPONICA HOUSE 8 SPRING VILLA PARK EDGWARE HA8 7XT

Company Summary

Registered Address JAPONICA HOUSE
8 SPRING VILLA PARK
EDGWARE
HA8 7XT

Trading Address Japonica House
8 Spring Villa Road
Edgware
Middlesex
HA8 7XT

Website Address http://www.ujt-ltd.com

Telephone Number 02089515188

Fax Number

TPS No

FPS Yes

Incorporation Date 15/12/2010

Previous Name

Type Private limited with Share Capital

FTSE Index -

Date of Change -

Filing Date of Accounts 30/11/2017

Currency GBP

Share Capital £2

SIC07 46480

Charity Number -

SIC07 Description WHOLESALE OF WATCHES AND JEWELLERY

Principal Activity

Additional Information

CCJ's 0 (£0)

No CCJ Information To Display

Ultimate Holding Company -

Accountant CAMERON BAUM LIMITED

Mortgages 2

Trade Debtors -

Group 0 companies

Linkages 0 companies

Countries In 0 countries

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder's Funds Employees

31/01/2017 - - -£611,328 12

31/01/2016 - - -£548,833 -

31/01/2015 - - -£514,017 -

Mortgage Summary

Total Mortgage 2

Outstanding 2

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £1,890

Commentary

This company has only made late payments on a low percentage of invoices.

The latest cash balances are considered to be low in terms of the overall outstanding creditor obligations.

The negative debt/equity ratio indicates a Balance Sheet deficiency funded by creditors/debt.

There has been a reduction in shareholders funds compared with the previous balance sheet.

This company trades in an industry with a moderate level of corporate failures.

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 -	-

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Total Current Directors	2	Total Current Secretaries	1
Total Previous Directors / Company Secretaries	1	Total Person's With Significant Control	1

Current Directors

Title	Mr	Function	Director
Name	Michael Storfer	Nationality	British
Date of Birth	06/1950	Present Appointments	15
Latest Address	Japonica House 8 Spring Villa Park, Edgware, Middx	Appointment Date	30/12/2010
Post Code	HA8 7XT
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report
Title	Mr	Function	Director
Name	Joel Samuel Storfer	Nationality	British
Date of Birth	08/1977	Present Appointments	9
Latest Address	Japonica House 8 Spring Villa Park, Edgware, Middx	Appointment Date	14/01/2013
Post Code	HA8 7XT
Other Actions	View Director Report	View Consumer Report	View AML Report
	View Trace Report	View Compliance Report

Current Company Secretary

Title	Mrs	Function	Company Secretary
Name	Susan Monica Storfer	Nationality
Date of Birth	-	Present Appointments	1
Latest Address	Japonica House 8 Spring Villa Park, Edgware, Middx	Appointment Date	30/12/2010
Post Code	HA8 7XT
Other Actions		View Consumer Report	View Trace Report
	View Compliance Report

Top Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
JOEL SAMUEL STORFER	GBP	1	ORDINARY	1	50
MICHAEL STORFER	GBP	1	ORDINARY	1	50
1

Financials

Profit & Loss

	Date Of Accounts	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14	(%)	31/01/13
	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	£74	-97.5%	£2,988	-57.6%	£7,048	31.2%	£5,370	25.1%	£4,294
	Audit Fees	-	-	-	-	-	-	-	-	-
	Interest Payments	-	-	-	-	-	-	-	-	-
	Pre Tax Profit	-	-	-	-	-	-	-	-	-
	Taxation	-	-	-	-	-	-	-	-	-
	Profit After Tax	-	-	-	-	-	-	-	-	-
	Dividends Payable	-	-	-	-	-	-	-	-	-
	Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

	Date Of Accounts	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14	(%)	31/01/13
	Tangible Assets	£149	-	0	-100%	£1,128	-64.1%	£3,144	-40.5%	£5,284
	Intangible Assets	£163,379	-20.6%	£205,892	-25.2%	£275,345	-12.2%	£313,658	-12.9%	£360,052
	Total Fixed Assets	£163,528	-20.6%	£205,892	-25.5%	£276,473	-12.7%	£316,802	-13.3%	£365,336
	Stock	£1,908,718	12.9%	£1,691,157	6.6%	£1,586,697	49.3%	£1,062,520	-1.1%	£1,074,873
	Trade Debtors	£670,190	-9.9%	£744,187	5.6%	£704,552	42.2%	£495,429	29.9%	£381,246
	Cash	£25,516	53.3%	£16,645	122.6%	£7,476	-72.4%	£27,089	-30.8%	£39,129
	Other Debtors	£44,957	-3.4%	£46,544	-	0	-	0	-	0
	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
	Total Current Assets	£2,649,381	6%	£2,498,533	8.7%	£2,298,725	45%	£1,585,038	6%	£1,495,248
	Trade Creditors	£585,419	18.7%	£493,336	-75.2%	£1,989,215	12.4%	£1,769,636	10.8%	£1,597,106
	Bank Loans & Overdrafts	£3,887	110.7%	£1,845	-	0	-	0	-	0
	Other Short Term Finance	0	-	0	-	0	-	0	-	0
	Miscellaneous Current Liabilities	£934,931	-43.6%	£1,658,077	-	0	-	0	-	0
	Total Current Liabilities	£1,524,237	-29.2%	£2,153,258	8.2%	£1,989,215	12.4%	£1,769,636	10.8%	£1,597,106
	Bank Loans & Overdrafts and LTL	£1,903,887	72.8%	£1,101,845	0.2%	£1,100,000	89.7%	£580,000	-	£580,000
	Other Long Term Finance	0	-	0	-	0	-	0	-	0
	Total Long Term Liabilities	£1,900,000	72.7%	£1,100,000	-	£1,100,000	89.7%	£580,000	-	£580,000

.

Capital & Reserves

	Date Of Accounts	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14	(%)	31/01/13
	Called Up Share Capital	£2	-	£2	-	£2	-	£2	-	£2
	P & L Account Reserve	-£611,330	-11.4%	-£548,835	-6.8%	-£514,019	-14.8%	-£447,798	-41.5%	-£316,524
	Revaluation Reserve	-	-	-	-	-	-	-	-	-
	Sundry Reserves	-	-	-	-	-	-	-	-	-
	Shareholder Funds	-£611,328	-11.4%	-£548,833	-6.8%	-£514,017	-14.8%	-£447,796	-41.5%	-£316,522

Other Financial Items

	Date Of Accounts	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14	(%)	31/01/13
	Net Worth	-£774,707	-2.6%	-£754,725	4.4%	-£789,362	-3.7%	-£761,454	-12.5%	-£676,574
	Working Capital	£1,125,144	225.9%	£345,275	11.6%	£309,510	267.7%	-£184,598	-81.2%	-£101,858
	Total Assets	£2,812,909	4%	£2,704,425	5%	£2,575,198	35.4%	£1,901,840	2.2%	£1,860,584
	Total Liabilities	£3,424,237	5.3%	£3,253,258	5.3%	£3,089,215	31.5%	£2,349,636	7.9%	£2,177,106
	Net Assets	-£611,328	-11.4%	-£548,833	-6.8%	-£514,017	-14.8%	-£447,796	-41.5%	-£316,522

Cash Flow

	Date Of Accounts	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14	(%)	31/01/13
	Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
	Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
	Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
	Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

	Date Of Accounts	31/01/17	(%)	31/01/16	(%)	31/01/15	(%)	31/01/14	(%)	31/01/13
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
	Capital Employed	£1,288,672	133.8%	£551,167	-5.9%	£585,983	343.2%	£132,204	-49.8%	£263,478
	Number of Employees	12	-	-	-	-	-	-	-	-
	Accountants	CAMERON BAUM LIMITED
	Auditors
	Auditor Comments	The company is exempt from audit
	Bankers
	Bank Branch Code

Ratios

	Date Of Accounts	31/01/17	31/01/16	31/01/15	31/01/14	31/01/13
	Pre-tax profit margin %	-	-	-	-	-
	Current ratio	1.74	1.16	1.16	0.90	0.94
	Sales/Net Working Capital	-	-	-	-	-
	Gearing %	-311.40	-200.80	-214	-129.50	-183.20
	Equity in %	-23.10	-22	-22.30	-28.20	-21.10
	Creditor Days	-	-	-	-	-
	Debtor Days	-	-	-	-	-
	Liquidity/Acid Test	0.48	0.37	0.35	0.29	0.26
	Return On Capital Employed %	-	-	-	-	-
	Return On Total Assets Employed %	-	-	-	-	-
	Current Debt Ratio	-2.49	-3.92	-3.86	-3.95	-5.04
	Total Debt Ratio	-5.60	-5.92	-6	-5.24	-6.87
	Stock Turnover Ratio %	-	-	-	-	-
	Return on Net Assets Employed %	-	-	-	-	-

Event History View Documents

Date	Description
26/02/2018	Confirmation Statement
04/12/2017	New Accounts Filed
04/12/2017	New Accounts Filed
23/02/2017	Annual Returns
10/11/2016	Payment Data Update Received
05/11/2016	New Accounts Filed
19/12/2015	Annual Returns
05/11/2015	New Accounts Filed
28/10/2015	Payment Data Update Received
05/02/2015	Annual Returns
03/11/2014	New Accounts Filed
17/01/2014	Annual Returns
05/11/2013	New Accounts Filed
23/01/2013	New Board Member Mr J.S. Storfer appointed
18/01/2013	Annual Returns

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

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	03/04/13
Date Charge Registered:	05/04/13
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	RBS INVOICE FINANCE LIMITED;
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS 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
Mortgage Type:	FULL FORM DEBENTURE
Date Charge Created:	21/11/11
Date Charge Registered:	22/11/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	LEUMI ABL LIMITED (LEUMI)
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

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	1	£1,890
Company Name		Amount	Statement Date
Harvey Phillips & Son Limited		£1,890	20/07/2016

Previous Director/Company Secretaries

Name	Current Active Appointments	Previous Appointments	Dissolved Companies
Moshe Holder	9	974	2286
Total Persons With Significant Control	1	Total Statements	0
Active	1	Active	0
Ceased	0	Ceased	0

Active Persons With Significant Control

Name	Mr Michael Storfer	Kind	Individual Person With Significant Control
Address	Japonica House 8 Spring Villa Park, Edgware, Middx	Country Of Residence	England
Post Code	HA8 7XT	Nationality	British
Date of Birth	06/1950	Notified On	06/04/2016
Nature Of Control	Has significant influence or control

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

Bottom of Form

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	INR 66.77
UK Pound	1	INR 90.58
Euro	1	INR 79.97
GBP	1	INR 90.44

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

INFORMATION DETAILS

Analysis Done by :	NIS
Report Prepared by :	KET

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)

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.