MIRA INFORM REPORT

Report Date :

13.09.2007

IDENTIFICATION DETAILS

Name :	ALFRED TERRY LIMITED

Registered Office :	Reco Ho, 928 High Rd, North Finchley, London N12 9RW

Country :	United Kingdom

Financials (as on) :	28.02.2006

Date of Incorporation :	01/03/1966

Com. Reg. No.:	00872595

Legal Form :	Private Limited Liability Company (GB)

Line of Business :	Jewellery manufacturers and wholesalers

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	Regular

Litigation :	Clear

Company Identification Details


Subject Reported on	ALFRED TERRY LIMITED
Holding Company	TERRY,ALFRED,HOLDINGS LTD
Ultimate Holding Company	ALFRED TERRY HOLDINGS LTD
Trading Address	RECO HO, 928 HIGH RD,NORTH FINCHLEY,LONDON,N12 9RW

Telephone	020-8446-9319


	Above Average Risk - Assurances in the form of guarantees may be necessary especially if the Credit Limit assigned is required to be exceeded

Official Company Data


Legal Form	Private Limited Liability Company (GB)
Registration Number	00872595
Date of Incorporation	01/03/1966
Registered Office	Reco Ho, 928 High Rd, North Finchley, London N12 9RW
Date of Last Annual Return to Registry	12/09/2006
Activities	Jewellery manufacturers and wholesalers
Accounts	The last filed accounts cover the period to 28/02/2006 and were filed on 02/01/2007

Recently Filed Documents

Details of the most recent documents

Date Received	Description
12/09/2006	Annual Return
28/02/2006	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

DIRECTOR

CHRISTOPHER MICHAEL BURROW

Occupation

SALES EXECUTIVE

Address

9, VICARAGE CLOSE NORTHAW , POTTERS BAR , HERTS , EN6 4NY

Country of Origin

BRITISH

Date of Birth

15/05/1954

Appointment Date

12/09/1991

Other Appointments

J.W.GOLD & SONS LIMITED, ALFRED TERRY LIMITED, AT GOLD LIMITED, CHAMBERLAIN CLARKE LIMITED, CUSTOMADE LIMITED, ALFRED TERRY HOLDINGS LIMITED, CARLO CRISTANI LIMITED, DIAL SQUARE HOLDINGS LIMITED, ATS BULLION LIMITED

DIRECTOR

ROBERT JOHN COOPER

Occupation

ACCOUNTANT

Address

5, NORTHLANDS , POTTERS BAR , HERTS , EN6 5DF

Country of Origin

BRITISH

Date of Birth

30/06/1948

Appointment Date

15/12/1997

Other Appointments

DIRECTOR

NICHOLAS SPENCER KASLER

Occupation

COMPANY DIRECTOR

Address

4, KING GEORGE AVENUE , BUSHEY , HERTS , WD23 4NT

Country of Origin

BRITISH

Date of Birth

18/02/1962

Appointment Date

15/12/1997

Other Appointments

ALFRED TERRY LIMITED, AT GOLD LIMITED, A & G LANDESBERG LIMITED, CHAMBERLAIN CLARKE LIMITED, CUSTOMADE LIMITED, ALFRED TERRY HOLDINGS LIMITED, ATS BULLION LIMITED

DIRECTOR

ALISON MARDELL

Occupation

DIRECTOR

Address

8, AMESBURY COURT CROFTON WAY , ENFIELD , MIDDX , EN2 8HY

Date of Birth

05/09/1957

Appointment Date

22/04/2003

Other Appointments

ALFRED TERRY LIMITED, AMESBURY COURT ENFIELD (MANAGEMENT) LIMITED, CHAMBERLAIN CLARKE LIMITED

SECRETARY

MR ROBERT COOPER

Address

5 NORTHLANDS, , POTTERS BAR , HERTFORDSHIRE , EN6 5DF

Country of Origin

BRITISH

Date of Birth

30/06/1948

Appointment Date

15/12/1997

Recently Resigned Directors (last 3)


DIRECTOR	MR LEONARD IVOR GOLD
Occupation	JEWELLER
Address	, KINGSFOLD ROWLEY GREEN ROAD , BARNET , HERTS , - -
Country of Origin	BRITISH
Date of Birth	17/12/1941
Resignation Date	30/01/2003
DIRECTOR	MR RAYMOND GOLD
Occupation	DIRECTOR
Address	2 , FLOWERGATE , BARNET , HERTS , - -
Country of Origin	BRITISH
Date of Birth	14/04/1943
Resignation Date	30/01/2003
DIRECTOR	MR LESLIE T GOLD
Occupation	JEWELLER
Address	26 , BALMORE CRESCENT , BARNET , HERTFORDSHIRE , - -
Date of Birth	06/12/1944
Resignation Date	30/04/1993

Share Summary

Share information is not held for this company.

Mortgages and Charges


Total Registered	6
Total Outstanding	1
Total Satisfied	5
Most Recent Mortgage	24/02/2003


Date Registered	03/03/2003
Type	395
Date Created	24/02/2003
Lender	BARCLAYS BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY ANDOR ALL OR ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY
Satisfied?	No

Date Registered	05/01/1998
Type	395
Date Created	17/12/1997
Lender	MIDLAND BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	LEASEHOLD PROPERTY KNOWN AS THIRD AND FOURTH FLOORS, RECO HOUSE, 928 HIGH ROAD, FINCHLEY, LONDON LEASE DATED 171297. WITH THE BENEFIT OF ALL RIGHTS LICENCES GUARANTEES RENT DEPOSITS CONTRACTS DEEDS UNDERTAKINGS AND WARRANTIES RELATING TO THE PROPERTY ANY SHARES OR MEMBERSHIP RIGHTS IN ANY MANAGEMENT COMPANY FOR THE PROPERTY ANY GOODWILL OF ANY BUSINESS FROM TIME TO TIME CARRIED ON AT THE PROPERTY ANY RENTAL AND OTHER MONEY PAYABLE UNDER ANY LEASE LICENCE OR OTHER INTEREST CREATED IN RESPECT OF THE PROPERTY AND ALL OTHER PAYMENTS WHATEVER IN RESPECT OF THE PROPERTY
Satisfied?	Fully

Date Registered	23/12/1997
Type	395
Date Created	17/12/1997
Lender	MIDLAND BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	. FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURES FIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS
Satisfied?	Fully

Date Registered	10/06/1994
Type	395
Date Created	06/06/1994
Lender	MIDLAND BANK PLC
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL GOODWILL, BOOKDEBTS AND PATENTS
Satisfied?	Fully

Date Registered	23/12/1981
Type	9999
Date Created	14/12/1981
Lender	MIDLAND BANK LTD
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	ALL BOOK DEBTS & OTHER DEBTS
Satisfied?	Fully

Date Registered	11/07/1975
Type	9999
Date Created	02/07/1975
Lender	MIDLAND BANK LTD
Secured On	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details	FLOATING CHARGE OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL
Satisfied?	Fully

Public Record Information

Summary of CCJ's/Scottish Decrees

There are no unsatisfied CCJs against the company.

Operations


Activities	Jewellery manufacturers and wholesalers
Sic Code	Description
3661	Manufacture of imitation jewellery
3622	Manufacture of jewellery and related articles not elsewhere classified
Staff Employed	60
Auditors	Silver Altman
Auditors Notes	No Qualification. The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the latest accounts.
Bankers	HSBC Bank plc 31 Holborn
Sort Codes	400328

Financial Data

The following figures are shown in units of 000

Profit and Loss

Number of Weeks	52	52	52	52
Accounts Date	28/02/2006	28/02/2005	29/02/2004	28/02/2003
Currency	GBP	GBP	GBP	GBP
Consolidated?	No	No	No	No
SALES	6,813	7,671	7,995	9,462
Export Sales	786	803	-	891
Cost of goods sold	5,107	5,373	5,558	7,067
GROSS PROFIT	1,707	2,298	2,437	2,395
Other Expenses	1,069	932	930	1,065
General administration costs (-)	827	854	1,227	1,345
Wages and Salaries	1,666	1,842	1,898	2,186
Depreciation	52	55	58	43
Net Operating Profit(Loss)	-189	516	283	-9
Non Trading Income	9	11	11	10
Total Non Trading Income	9	11	11	10
Interest expenses & similar (-)	109	84	82	118
Financial Expenses	109	84	82	118
PRE TAX PROFIT	-289	443	212	-117
Other Taxation	-81	0	16	6
Taxation	0	81	59	-22
PROFIT AFTER TAX	-209	362	137	-101
Net Loss	209	-	-	101
Dividends Payable	260	260	135	0
RETAINED PROFITS	-	102	2	-

Balance Sheet

Number of Weeks	52	52	52	52
Accounts Date	28/02/2006	28/02/2005	29/02/2004	28/02/2003
Currency	GBP	GBP	GBP	GBP
Consolidated?	No	No	No	No
TOTAL FIXED ASSETS	233	278	259	196
Plant, machinery & equipment	233	278	259	196
TOTAL CURRENT ASSETS	4,353	4,542	4,616	4,946
Stocks	1,784	2,133	1,976	2,216
Trade Debtors	2,316	2,274	2,451	2,352
Other Receivables	91	11	12	35
Prepaid expenses	60	30	26	49
Group Loans	11	7	115	201
Cash	91	88	37	92
TOTAL ASSETS	4,586	4,820	4,875	5,141
TOTAL CURRENT LIABILITIES	2,777	2,788	2,925	3,238
Trade Creditors	811	721	732	1,035
Bank Overdraft	1,064	1,176	1,379	1,541
Taxes	131	214	276	260
Other Current Liabilities	395	272	293	324
Due From Group	262	260	130	-
Hire Purchase	13	19	24	9
Accruals & deferred income	101	125	91	70
WORKING CAPITAL	1,577	1,754	1,691	1,708
TOTAL LONG TERM LIABS	27	41	61	16
Taxation	27	28	29	13
NET ASSETS/(LIABILITIES)	1,810	2,032	1,950	1,904
SHARE CAPITAL + RESERVES	1,783	1,991	1,889	1,887
Issued Share Capital	7	7	7	7
Profit and Loss account	1,776	1,984	1,882	1,880
SHAREHOLDERS FUNDS	1,783	1,991	1,889	1,887
CAPITAL EMPLOYED	1,810	2,032	1,950	1,903
TANGIBLE NET WORTH	1,783	1,992	1,889	1,887

Key Credit Ratios

Accounts Date	28/02/2006	28/02/2005	29/02/2004	28/02/2003
Current Ratio	1.57	1.63	1.58	1.53
Profit Before Tax	-0.04	0.06	0.03	-0.01
Creditors Days (D.P.O)	57.97	48.98	48.07	53.46
Quick Ratio	-	-	-	-
Return on Assets	-6.30	9.19	4.35	-2.28
T.N.W/Total Assets	0.39	0.41	0.39	0.37
Return on Capital	-15.97	21.80	10.87	-6.15
Working Capital/Sales	0.00	0.00	0.00	0.00
Equity Gearing	0.66	0.71	0.65	1.45
Stock Turnover	0.00	0.00	0.00	0.00

Financial Summary

Turnover	Turnover decreased by more than 11% in the period. Turnover totaled GBP 6,813,000 for the period.
Operating Loss	Totaled GBP -189,000 In the period prior a profit of GBP 516,000 was achieved.
Pre Tax	The subject made a loss of GBP 289,000 compared with a profit of GBP 443,000 in the previous period.
Working Capital	The company's working capital decreased in the period by 10%
Tangible Net Worth	Net worth reduced by 209,000 during the period and now stands at GBP 1,783,000
Fixed Assets	The subjects fixed assets reduced during the period by GBP 45,000 to GBP 233,000 and are now 5% of total assets compared with 6% in the previous period
Long Term Liabilities	The company's long term liabilities reduced during the period by 22% and are now 7% of net worth compared with 8% in the previous period
Long Term Liabilities	Long term liabilities are now 3% of total assets compared with 3% 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.	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%)

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