Attachment 1
|
Report
Update On |
17th June, 1999 |
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|
Report on |
D. C. K. CONCESSIONS LIMITED |
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|
Registered Office |
D. C. K. House, 13 Radford Crescent, Billericay, Essex CM12 0DG, U.K. |
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Tel. No. |
01277-650655 |
|
Fax No. |
01277-626181 |
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E-Mail |
-- |
|
Telex |
-- |
Attachment 2
S U M M A R Y
|
Incorporated |
1992 |
Status |
Satisfactory |
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|
Registration No. |
2715822 |
Chief Executive |
Mr. Alan Richard Witzenfeld |
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|
|
Capital (GB£) |
4 |
Payments |
Regular |
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|
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|
Sales (GB£) |
5,480,000 |
Litigation |
-- |
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|
|
|
Net Worth (GB£) |
416,000 |
Banking Reputation |
Satisfactory |
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|
|
|
|
|
|
|
No. of Employees |
338 |
Auditors |
Mose Woolf & Simons |
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Credit Rating |
A (See attachment 3) |
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||
Company
Identification Details
|
Subject Reported on |
D.C.K.
CONCESSIONS LIMITED |
|
Registered Number |
02715822 |
|
Address |
13
RADFORD CRES, BILLERICAY, CM12 0DU |
|
Telephone |
01277-650655 |
|
Facsimile |
01277-626181 |
Creditline
Recommendations
|
Graydon Rating |
5A GBP
500k-999k financial strength rating based on net worth plus net current
assets/liabilities |
|
Monthly Credit Guide |
GBP
70,000 |
|
Risk Category |
LOW RISK |
Credit Risk
Assessment
The
monthly credit recommended is GBP 70,000
Official
Company Data
|
Legal Form |
Private
Limited |
|
Registration Number |
02715822 |
|
VAT Number |
GB583385018 |
|
Date of Incorporation |
19/05/1992 |
|
Registered Office |
D.C.K.
HOUSE, 13 RADFORD CRESCENT, BILLERICAY, ESSEX, CM12 0DG |
|
Date of Last Annual Return to Registry |
19/05/1998 |
|
Accounts |
The last
filed accounts at Companies House are those to 31/01/1998 |
Registered
Charges
Details
of the most recent documents
|
Date Received |
Type |
Description |
|
25/09/1998 |
395 |
Particulars
of a mortgage or charge |
|
04/04/1997 |
395 |
Particulars
of a mortgage or charge |
|
12/11/1992 |
M |
Mortgage
document |
There
have been 3 registered charge documents filed at CRO since 1987
It
should be noted that there is no legal requirement to file satisfaction details
of mortgages/charges at Companies House.
Known
Directors
|
Director |
ALAN
RICHARD WITZENFELD |
|
Address |
26
IMPERIAL AVENUE, WESTCLIFF ON SEA, ESSEX, SS0 8NE |
|
Country of Origin |
UNITED
KINGDOM |
|
Other Directorships |
A. JEWEL
CO. LIMITED, DANAL MARKETING LIMITED, D.C.K. (FASHIONS) LIMITED, GOLD
CONNECTION LIMITED(THE), KINGSRIDGE PROPERTIES LIMITED, D.C.K. FASHION
ACCESSORIES LIMITED, SWINBORNE MANAGEMENT LIMITED, PRE-PAY VOUCHERS LIMITED. |
|
|
|
|
Director |
MISS
JOANNE REGAN |
|
Address |
2 BURGES
CLOSE, EMERSON PARK, HORNCHURCH, ESSEX, RM11 3PP |
|
Country of Origin |
UNITED
KINGDOM |
|
Other Directorships |
D.C.K.
JEWELLERY AGENCIES LIMITED |
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|
|
|
Director |
MR DANIEL
LEONARD REGAN |
|
Address |
2 BURGES
CLOSE, EMERSON PARK, HORNCHURCH, ESSEX, RM11 3PP |
|
Country of Origin |
UNITED
KINGDOM |
|
Other Directorships |
D.C.K.
JEWELLERY AGENCIES LIMITED, A. JEWEL CO. LIMITED, DANAL MARKETING LIMITED,
R.W. WINGATE LIMITED, D.C.K. (FASHIONS) LIMITED, GOLD CONNECTION
LIMITED(THE), D.C.K. FASHION ACCESSORIES LIMITED, THE RING CONNECTION
LIMITED. |
|
|
|
|
Director |
MR MARK
MULLENS |
|
Address |
94
MACKENZIE WAY, GRAVESEND, KENT, DA12 5UB |
|
Country of Origin |
UNITED
KINGDOM |
|
|
|
|
Director |
MR DAVID
REGAN |
|
Address |
NEW COTTAGE,
MEADWAY, GIDED PARK, ESSEX |
|
Country of Origin |
UNITED
KINGDOM |
|
Other Directorships |
D.C.K.
JEWELLERY AGENCIES LIMITED, D.C.K. (FASHIONS) LIMITED. |
|
|
|
|
Director |
IAN
MATTHEW BYRNE |
|
Address |
CHERRY
TREE HOUSE NORE ROAD, LEIGH ON SEA, ESSEX, SS9 5DB |
|
Country of Origin |
UNITED
KINGDOM |
|
Other Directorships |
ADDEMUP
ASSOCIATES LIMITED |
|
|
|
|
Secretary |
MRS
MARGARET MYFANWY REGAN |
|
Address |
2 BURGES
CLOSE, EMERSON PARK, HORNCHURCH, ESSEX, RM11 3PP |
|
Country of Origin |
UNITED
KINGDOM |
|
Other Directorships |
D.C.K.
JEWELLERY AGENCIES LIMITED, A. JEWEL CO. LIMITED, DANAL MARKETING LIMITED,
R.W. WINGATE LIMITED, D.C.K. (FASHIONS) LIMITED, GOLD CONNECTION
LIMITED(THE), D.C.K. FASHION ACCESSORIES LIMITED. |
Share
Capital
|
Shares |
Ordinary
GBP 1.00 |
|
Issued Number |
4 |
|
Principal Shareholder |
1 Shares
L. Whitzenfeld 1 Shares
A. Witzenfeld 1 Shares
D. L. Regan 1 Shares
D. D. Regan 1 Shares
J. Regan |
The
above reflects the principal shareholder(s) by number of shares held,
irrespective of share classification type.
Public
Record Information
Summary
of CCJs/Scottish Decrees since January 1997
Number
of CCJs/Decrees 0
Total
Amount of CCJs/Decrees GBP 0
Payment
Analysis
No
Payment Analysis Data is Available.
To
contribute sales ledger information to Graydon, please contact Specialist
Product Division, on 0181 975 1050 or email at peter.webber@graydon.co.uk
Operations
In
order to ensure the accuracy of this report, certain information has been
verified with the subject.
|
Activities |
General
Business Classification Wholesalers of other goods inc furniture, papers
& magazines, leather, sports & fancy goods, jewellery. |
|
|
|
|
Nace Code |
5248
(1992) |
|
Premises |
Owned,
Offices, Warehouse |
|
Staff Employed |
338 |
|
Trade Names |
FREEDOM,
MARIE FRANCE |
|
Import countries |
SOUTH
KOREA, HONG KONG |
|
Bankers |
MIDLAND
BANK PLC, 63 GEORGE STREET, LUTON, BEDS, LU1 2AP |
|
Bank Sort Code |
403032 |
|
Auditors |
Moss
Woolf & Simons |
Financial
Data
Profit & Loss Account
The
following figures are shown in 000's
|
Number of weeks |
52 |
52 |
52 |
52 |
|
|
31/01/1998 |
31/01/1997 |
31/01/1996 |
31/01/1995 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
|
|
|
|
|
|
SALES |
5480 |
5118 |
3474 |
3560 |
|
UK sales |
5316 |
5016 |
- |
- |
|
Export |
164 |
102 |
- |
- |
|
Cost of
goods sold |
3549 |
3450 |
2324 |
2551 |
|
GROSS
PROFIT |
1931 |
1668 |
1150 |
1009 |
|
Wages and
Salaries |
1120 |
978 |
823 |
732 |
|
Directors
Emoluments |
160 |
144 |
56 |
- |
|
Auditors
Fees |
11 |
10 |
5 |
4 |
|
Trading
Profit |
403 |
244 |
47 |
62 |
|
Depreciation |
43 |
47 |
35 |
15 |
|
OPERATING
PROFIT |
360 |
197 |
12 |
47 |
|
Non
Trading Income |
1 |
1 |
8 |
6 |
|
Interest
payable |
50 |
43 |
9 |
1 |
|
PRE TAX
PROFIT |
311 |
155 |
11 |
52 |
|
Taxation |
87 |
42 |
1- |
13 |
|
PROFIT
AFTER TAX |
224 |
113 |
12 |
39 |
|
RETAINED
PROFITS |
224 |
113 |
12 |
39 |
Balance Sheet
The
following figures are shown in 000's
|
Number of weeks |
52 |
52 |
52 |
52 |
|
|
31/01/1998 |
31/01/1997 |
31/01/1996 |
31/01/1995 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
|
|
|
|
|
|
TOTAL FIXED
ASSETS |
277 |
236 |
222 |
84 |
|
Tangible Assets |
277 |
236 |
222 |
84 |
|
Fixed Assets |
277 |
236 |
222 |
84 |
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
1601 |
1479 |
1113 |
1653 |
|
Trade debtors |
105 |
130 |
73 |
215 |
|
Stocks |
1415 |
1186 |
868 |
944 |
|
Other Current Assets |
81 |
163 |
172 |
494 |
|
Misc. Current Assets |
19 |
12 |
97 |
144 |
|
Due From Group |
4 |
1 |
- |
- |
|
Cash |
58 |
150 |
75 |
350 |
|
|
|
|
|
|
|
TOTAL
ASSETS |
1878 |
1715 |
1335 |
1737 |
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
1457 |
1518 |
1244 |
1666 |
|
Trade creditors |
434 |
358 |
311 |
1630 |
|
Short Term Loans |
779 |
999 |
43 |
5 |
|
Bank Overdraft |
- |
128 |
29 |
1 |
|
Bank Loans |
2 |
- |
- |
- |
|
Other Finance |
262 |
8 |
14 |
4 |
|
Due To Group |
219 |
863 |
- |
- |
|
Due To Directors |
296 |
- |
- |
- |
|
Other Liabilities |
244 |
161 |
890 |
31 |
|
|
|
|
|
|
|
WORKING
CAPITAL |
144 |
39- |
131- |
13- |
|
|
|
|
|
|
|
TOTAL
LONG TERM LIABS |
5 |
6 |
13 |
5 |
|
Long Term Loans |
5 |
6 |
13 |
5 |
|
Other Finance |
5 |
6 |
13 |
5 |
|
|
|
|
|
|
|
NET
ASSETS/ (LIABILITIES) |
416 |
191 |
78 |
66 |
|
|
|
|
|
|
|
SHARE
CAPITAL & RESERVES |
|
|
|
|
|
Profit and Loss account |
416 |
191 |
78 |
66 |
|
|
|
|
|
|
|
SHAREHOLDERS
FUNDS |
416 |
191 |
78 |
66 |
|
|
|
|
|
|
|
CAPITAL
EMPLOYED |
421 |
197 |
91 |
71 |
Financial Comparison
The
following Profit/Loss & Balance sheet figures are shown in 000's
|
Number of weeks |
52 |
52 |
52 |
52 |
|
|
31/01/1998 |
31/01/1997 |
31/01/1996 |
31/01/1995 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
|
|
|
|
|
|
Net
Cashflow from Oper. |
339- |
94 |
133- |
283 |
|
Increase
in Cash |
36 |
24- |
303- |
276 |
|
Directors
Remuneration |
160 |
144 |
56 |
- |
|
Auditors
Remuneration |
11 |
10 |
5 |
4 |
|
Liquid
Assets |
163 |
280 |
148 |
565 |
|
Net
Working Capital |
144 |
39- |
131- |
13- |
|
Long Term
Debt(>12 Months) |
5 |
6 |
13 |
5 |
|
Tangible
Net Worth(T.N.W) |
416 |
191 |
78 |
66 |
|
Equity |
416 |
191 |
78 |
66 |
|
|
|
|
|
|
|
Number of
Years Trading |
6 |
5 |
4 |
3 |
|
Number of
Employees |
338 |
344 |
302 |
261 |
|
Profit
per Employee |
920.1 |
450.6 |
36.4 |
199.2 |
|
Sales per
Employee |
16213.0 |
14877.9 |
11503.3 |
13639.9 |
Key Credit Ratios
|
|
31/01/1998 |
31/01/1997 |
31/01/1996 |
31/01/1995 |
|
|
|
|
|
|
|
Current
Ratio |
1.1 |
1.0 |
0.9 |
1.0 |
|
Long Term
Debt/T.N.W |
0.0 |
- |
0.2 |
0.1 |
|
Profit
before Tax % |
5.7 |
3.0 |
0.3 |
1.5 |
|
Gross
Profit % |
35.2 |
32.6 |
33.1 |
28.3 |
|
Debtors
Days (D.S.O) |
7 |
9 |
8 |
22 |
|
Creditors
Days (D.P.O) |
29 |
26 |
33 |
167 |
|
Quick
Ratio |
0.1 |
0.2 |
0.2 |
0.4 |
|
W.I.P/Inventory
Days |
125.5 |
125.5 |
136.3 |
135.1 |
|
Return on
Investment % |
30.1 |
16.6 |
14.9 |
69.7 |
|
Return on
Assets % |
16.6 |
9.0 |
0.8 |
3.0 |
|
Growth % |
7.1 |
47.3 |
2.4- |
- |
|
T.N.W/Total
Assets % |
22.2 |
11.1 |
5.8 |
3.8 |
|
Return on
Capital % |
73.9 |
78.7 |
12.1 |
73.2 |
|
Rtn on
Shareholders Funds% |
74.8 |
81.2 |
14.1 |
78.8 |
|
Working
Capital/Sales % |
2.6 |
0.8- |
3.8- |
0.4- |
|
Borrowing
Ratio % |
73.8 |
73.8 |
71.8 |
15.2 |
|
Equity
Gearing % |
28.5 |
12.5 |
6.2 |
4.0 |
|
Stock
Turnover |
3.9 |
4.3 |
4.0 |
3.8 |
|
Days
Purchases Outstanding |
35.8 |
35.8 |
48.8 |
233.2 |
Key
Industry Sector Trends
|
Year |
1998 |
1997 |
1996 |
1995 |
|
Sample Size |
5678 |
17121 |
17352 |
17032 |
|
|
|
|
|
|
|
1)
Pre-Tax Profit Margin |
4.2 |
2.3 |
1.6 |
1.1 |
|
|
|
|
|
|
|
2) Current
Ratio |
1.5 |
1.3 |
1.3 |
1.3 |
|
|
|
|
|
|
|
3)
Borrowing Ratio |
54.0 |
51.1 |
40.0 |
35.8 |
|
|
|
|
|
|
|
4) Return
on Capital |
29.5 |
28.5 |
24.3 |
21.2 |
|
|
|
|
|
|
|
5)
Creditors Days |
43.0 |
53.0 |
60.0 |
60.0 |
Above
figures relate to companies in 1992 Standard Industry Classification (Nace)
sector : Other retail sale of new goods in specialised stores
Financial
Summary
|
Auditors Report |
The Auditors have
qualified their opinion on the accounts for 31/01/1998. The qualification
relates to scope limitation which may include valuation of stock. Such
matters may impact upon aspects of the financial results. |
|
|
|
|
Turnover |
Turnover has increased
from GBP 5,118,000 to GBP 5,480,000, a growth of 7 % in the period. |
|
|
|
|
Operating Profit |
Totalled GBP 360,000.
In the year prior a Profit of GBP 197,000 was achieved. |
|
|
|
|
Pre-Tax Profit |
The subject's profit
increased by 100 % in the year. |
|
|
|
|
Working Capital |
The subject has turned
a deficient working capital of GBP 39,000 to surplus of GBP 144,000. |
|
|
|
|
Net Worth |
Net worth has increased
by 118 % and now stands at GBP 416,000. |
|
|
|
|
Fixed Assets |
The subject's fixed
assets increased during the year by GBP 41,000 to GBP 277,000 and are now 14
% of total assets compared with 13 % in the previous year. |
|
|
|
|
Long-Term Liabilities |
The company's long term
liabilities reduced during the period by 16 % and are now 1 % of net worth
compared with 3 % in the previous period. Long term liabilities
are 1 % of capital employed, a decrease of 2 % over the previous period. |
Attachment 3
|
SCORE SHEET |
|
SCORE |
CREDIT 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. Maybe drawn to slightly difficult position as
unfavourable conditions arise. Minimal assurance for timely payment on
interest and principal sums |
Moderate |
|
26-40 |
B |
Unfavourable & favourable factors carry similar
weight in credit consideration. Capability to overcome financial difficulties
seems comparatively limited or considered not known. Capability to pay both
interest and principal sums is doubtful |
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 |
Attachment 4
ACKNOWLEDGEMENT
Dear Sir/Madam,
As part of our control
system, please fax/email us this note
upon receipt of this report. If we do not receive the acknowledgement within 24
hours, we will assume that our report meets your requirement. If you have any
suggestion to help us improve our reports and services, please do not hesitate
to let us know.
Thank you.
________________________________________________________________________
To : MIRA INFORM PRIVATE
LIMITED
From :
To :
Feedback – Please tick
the appropriate box.
------------------------------------------------------------
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GOOD |
FAIR |
POOR |
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Content |
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Layout and
Presentation |
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Speed of Delivery |
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Overall Impression |
[
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[
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Further Comments/Suggestion :
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
_____________________________
Company’s Stamp &
Signature