MIRA
INFORM REPORT
|
Report Date : |
20.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
UBISOFT LTD |
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Registered Office : |
1st Flr Cherstey Gate East, London St, Chertsey, Surrey
KT16 8AP |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
28/07/1989 |
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Com. Reg. No.: |
02409000 |
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Legal Form : |
Private Limited Liability Company (GB) |
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Line of Business : |
Computer software distributors for game console's & P
C's. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company
Identification Details
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Subject Reported on |
UBISOFT LTD |
|
Holding Company |
UBI SOFT ENTERTAINMENT SA |
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Trading Address |
Chantry Ct,Minorca Rd,WEYBRIDGE,KT13 8DU |
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Telephone |
01932-838230 |
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Risk Score |
Average Risk - This company has an average risk status and
should be treated with a degree of caution |
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Credit Limit |
GBP 267,300 |
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Selling to this company? The Credit Limit is the
recommended maximum outstanding debtor exposure at any one time. |
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Contract Limit |
GBP 2,191,100 |
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Buying from this company? The Contract Limit is the
recommended aggregate annual value for supply contracts. |
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Official Company Data
|
Legal Form |
Private Limited Liability Company (GB) |
|
Registration Number |
02409000 |
|
Date of Incorporation |
28/07/1989 |
|
Registered Office |
1st Flr Cherstey Gate East, London St, Chertsey, Surrey
KT16 8AP |
|
Date of Last Annual Return to Registry |
28/07/2006 |
|
Activities |
Computer software distributors for game console's & P
C's. |
|
Accounts |
The last filed accounts cover the period to 31/03/2006 |
Recently Filed
Documents
Details of the most recent documents
|
Date
Received |
Description |
|
28/07/2006 |
Annual Return |
|
31/03/2006 |
Financial Statement / Set of Accounts |
|
It should be noted that there is no legal requirement to
file satisfaction details of mortgages/charges at Companies House. |
Known Directors
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DIRECTOR |
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Occupation |
COMPANY DIRECTOR |
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|
Address |
13, RUE FAIDHERBE ST MANDE , FRANCE
, |
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Country of Origin |
FRENCH |
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|
Date of Birth |
21/07/1960 |
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|
Appointment Date |
28/07/1991 |
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|
Other Appointments |
UBISOFT LIMITED, BLUE BYTE SOFTWARE LTD, LUDI
LIMITED, UBI STUDIOS LIMITED, GUILLEMOT LIMITED, RED STORM
ENTERTAINMENT LIMITED, ADVANCED MOBILE APPLICATIONS
LIMITED, UBISOFT ENTERTAINMENT LIMITED |
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|
DIRECTOR |
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Occupation |
DIRECTOR |
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|
Address |
2, CRESSWELL GARDENS , LONDON , SW5 0BJ |
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Country of Origin |
BRITISH |
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|
Date of Birth |
10/02/1966 |
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Appointment Date |
26/03/1996 |
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Other Appointments |
IMPERIAL SOFTWARE LIMITED, EUROPEAN SOFTWARE LIMITED, UBISOFT LIMITED, LUDI LIMITED, GUILLEMOT LIMITED, GUILLEMOT LOGISTIC LIMITED, GUILLEMOT MANUFACTURING LIMITED, GAMELOFT (UK) LIMITED, GAMELOFT.COM LIMITED, CRESSWELL GARDENS LIMITED, ADVANCED MOBILE APPLICATIONS LIMITED, YOUR PROPERTY IN BRITTANY LIMITED |
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SECRETARY |
MR CHRISTIAN GUILLEMOT |
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|
Address |
FLAT 1, 2 CRESSWELL GARDENS , LONDON , SW5
0BJ |
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Country of Origin |
FRENCH |
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Date of Birth |
10/02/1966 |
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Appointment Date |
28/07/1991 |
Recently Resigned
Directors (last 3)
|
None |
Share Summary
|
Share information is not held for this company. |
Mortgages and Charges
|
|
|
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Total Registered |
2 |
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Total Outstanding |
1 |
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Total Satisfied |
1 |
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Most Recent Mortgage |
01/10/1999 |
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Date Registered |
13/10/1999 |
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Type |
395 |
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Date Created |
01/10/1999 |
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Lender |
CREDIT LYONNAIS COMMERCIAL FINANCE LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE UNDER AN AGREEMENT OF EVEN DATE OR ANY AMENDMENT OR ADDITION THERETO OR
REPLACEMENT THEREOF |
|
Details |
FIRST FIXED CHARGE ALL THE BOOK AND OTHER DEBTS. |
|
Satisfied? |
Fully |
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|
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Date Registered |
13/10/1999 |
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Type |
403A |
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Date Created |
01/10/1999 |
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Lender |
CREDIT LYONNAIS COMMERCIAL FINANCE LIMITED |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE UNDER AN AGREEMENT OF EVEN DATE OR ANY AMENDMENT OR ADDITION THERETO
OR REPLACEMENT THEREOF |
|
Details |
FIRST FIXED CHARGE ALL THE BOOK AND OTHER DEBTS. |
|
Satisfied? |
Fully |
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|
|
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Date Registered |
05/11/1996 |
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Type |
395 |
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Date Created |
31/10/1996 |
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Lender |
ASCOT HOLDINGS PLC |
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Secured On |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE
CHARGEE UNDER A LEASE DATED 19TH AUGUST 1996 |
|
Details |
ALL SUMS OF MONEY WHICH HAVE BEEN OR ARE NOW OR WHICH MAY
AT ANY TIME OR FROM TIME TO TIME BE DEPOSITED BY THE COMPANY WITH THE CHARGEE
AS THE RENT DEPOSIT SEE CHARGE PARTICULARS FORM FOR DETAILS |
|
Satisfied? |
No |
Public Record
Information
Summary of CCJ's/Scottish Decrees
|
There are no unsatisfied CCJs against the company. |
Operations
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|
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|
Activities |
Computer software distributors for game console's & P
C's. |
|
Sic Code |
Description |
|
5245 |
Retail sale of electrical household appliances and radio
and television goods |
|
Staff Employed |
31 |
|
Auditors |
Grant Thornton UK LLP |
|
Auditors Notes |
No Qualification. The Auditors have expressed a clean opinion
(i.e. unqualified with no referrals) on the latest accounts. |
|
Bankers |
Lloyds TSB Bank plc 152-154 Walton Rd |
|
Sort Codes |
301922 |
|
Bankers |
HSBC Bank PLC |
|
Sort Codes |
400004 |
Financial Data
|
The following figures are shown in units of 000 |
|
Profit and Loss |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
SALES |
64,027 |
56,130 |
50,950 |
37,145 |
|
Export Sales |
8,045 |
6,302 |
4,974 |
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Other operating income |
96 |
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Cost of goods sold |
49,510 |
43,536 |
42,038 |
29,198 |
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GROSS PROFIT |
14,517 |
12,595 |
8,913 |
7,946 |
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Other Expenses |
9,297 |
7,846 |
4,267 |
2,564 |
|
General administration costs (-) |
4,153 |
3,674 |
3,691 |
3,070 |
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Wages and Salaries |
2,466 |
2,346 |
2,178 |
1,876 |
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Depreciation |
120 |
87 |
68 |
58 |
|
Net Operating Profit(Loss) |
1,163 |
1,075 |
955 |
2,312 |
|
Non Trading Income |
41 |
10 |
22 |
22 |
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Group Non Trading Income |
11 |
2 |
|
|
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Total Non Trading Income |
52 |
12 |
22 |
22 |
|
Interest expenses & similar (-) |
442 |
351 |
77 |
44 |
|
Financial Expenses |
442 |
351 |
227 |
145 |
|
PRE TAX PROFIT |
773 |
736 |
750 |
2,189 |
|
Other Taxation |
64 |
74 |
-72 |
41 |
|
Taxation |
192 |
186 |
204 |
632 |
|
PROFIT AFTER TAX |
516 |
477 |
618 |
1,516 |
|
Net Profit |
516 |
477 |
618 |
1,516 |
|
Dividends Payable |
0 |
0 |
0 |
0 |
|
RETAINED PROFITS |
516 |
477 |
618 |
1,516 |
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Balance Sheet |
|
Number of Weeks |
52 |
52 |
52 |
52 |
|
Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Consolidated? |
No |
No |
No |
No |
|
TOTAL FIXED ASSETS |
226 |
261 |
174 |
122 |
|
Land & buildings |
45 |
74 |
104 |
52 |
|
Plant, machinery & equipment |
181 |
187 |
70 |
70 |
|
TOTAL CURRENT ASSETS |
23,898 |
25,872 |
22,124 |
20,582 |
|
Stocks |
2,356 |
2,570 |
3,837 |
2,285 |
|
Trade Debtors |
2,486 |
15,857 |
16,890 |
|
|
Other Receivables |
7,819 |
3,788 |
237 |
70 |
|
Prepaid expenses |
113 |
191 |
104 |
117 |
|
Group Loans |
10,886 |
10,152 |
268 |
269 |
|
Cash |
239 |
273 |
1,728 |
951 |
|
TOTAL ASSETS |
24,124 |
26,133 |
22,298 |
20,704 |
|
TOTAL CURRENT LIABILITIES |
20,180 |
22,706 |
19,347 |
18,371 |
|
Trade Creditors |
1,075 |
1,788 |
983 |
776 |
|
Taxes |
1,411 |
2,876 |
1,698 |
2,687 |
|
Other Current Liabilities |
2 |
12 |
313 |
|
|
Due From Group |
13,295 |
13,163 |
15,172 |
13,495 |
|
Accruals & deferred income |
4,397 |
4,866 |
1,494 |
1,102 |
|
WORKING CAPITAL |
3,718 |
3,167 |
2,777 |
2,210 |
|
TOTAL LONG TERM LIABS |
0 |
0 |
0 |
0 |
|
NET ASSETS/(LIABILITIES) |
3,944 |
3,427 |
2,951 |
2,333 |
|
SHARE CAPITAL + RESERVES |
3,944 |
3,427 |
2,951 |
2,333 |
|
Issued Share Capital |
500 |
500 |
500 |
500 |
|
Profit and Loss account |
3,444 |
2,927 |
2,451 |
1,833 |
|
SHAREHOLDERS FUNDS |
3,944 |
3,427 |
2,951 |
2,333 |
|
CAPITAL EMPLOYED |
3,944 |
3,427 |
2,951 |
2,333 |
|
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|
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Key Credit Ratios |
|
|
Accounts Date |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
|
Current Ratio |
1.18 |
1.14 |
1.14 |
1.12 |
|
Profit Before Tax |
0.01 |
0.01 |
0.01 |
0.06 |
|
Creditors Days (D.P.O) |
7.93 |
14.99 |
8.54 |
9.70 |
|
Quick Ratio |
- |
- |
- |
- |
|
Return on Assets |
3.20 |
2.82 |
3.36 |
10.57 |
|
T.N.W/Total Assets |
0.16 |
0.13 |
0.13 |
0.11 |
|
Return on Capital |
0.20 |
0.21 |
0.25 |
0.94 |
|
Working Capital/Sales |
0.00 |
0.00 |
0.00 |
0.00 |
|
Stock Turnover |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Summary
|
Turnover |
Turnover increased by more than 14% in the period.
Turnover totaled GBP 64,027,000 for the period. |
|
Operating Profit |
Totaled GBP 1,163,000 In the period prior a profit
of GBP 1,075,000 was achieved. |
|
Pre Tax |
The subject made a profit of GBP 773,000 compared with a
profit of GBP 736,000 in the
previous period. |
|
Working Capital |
The company's working capital improved in the period by
17% |
|
Tangible Net Worth |
Net worth increased by 517,000 during the period and now
stands at GBP 3,944,000 |
|
Fixed Assets |
The subjects fixed assets reduced during the period by GBP
36,000 to GBP 225,000 and are now 1% of total assets compared
with 1% in the previous period |
|
Long Term Liabilities |
The company's long term liabilities reduced during the
period by 10% and are now 111% of net worth compared with 142% in the
previous period |
|
Long Term Liabilities |
Long term liabilities are now 18% of total assets compared
with 19% in the previous period |
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 |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)