MIRA INFORM REPORT

 

 

Report Date :           

13.12.2011

 

IDENTIFICATION DETAILS

 

Name :

FASHION LAB LTD

 

 

Registered Office :

66 Porchester Road, London, W2 6ET

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

17.09.2009       

 

 

Com. Reg. No.:

07022432

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Wholesale, Retail; Certain Repair

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

United Kingdom 

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name & address 

 

Fashion Lab Ltd

66 Porchester Road

London, W2 6ET

United Kingdom

 

 

Synthesis

 

Employees:                  NA

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         17-Sep-2009    

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                 0.6

 

 

Business Description     

 

Wholesale, Retail; Certain Repair

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:      5190 - Other wholesale

NAICS 2002:     423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:    5190 - Other wholesale

US SIC 1987:    5099 - Durable Goods, Not Elsewhere Classified

 

           

Key Executives   

 

Name

Title

Alice Wishart

Director

Jonathan David Sieff

Director

 

News   

 

Title

Date

THE STUDENTS WITH A PASSION FOR FASHION
Birmingham Evening Mail (UK) (276 Words)

15-Sep-2011

THE STUDENTS WITH A PASSION FOR FASHION
Birmingham Mail (UK) (276 Words)

15-Sep-2011

First International Festival of Young Women Fashion Designers opens in Baku
State Telegraph Agency of the Republic of Azerbaijan (125 Words)

5-Apr-2011

Millennium Point has become the catalyst for a wider regeneration
Birmingham Post (UK) (815 Words)

20-Jan-2011

 

 

Registered No.(UK): 07022432

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6475734

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6387123

 

 

Corporate Overview

 

Location

66 Porchester Road

London, W2 6ET

London County

United Kingdom

           

Sales GBP(mil):             NA

Assets GBP(mil):           0.4

Employees:                   NA

Fiscal Year End:            31-Dec-2010

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

66 Porchester Road

Paddington, W2 6ET

United Kingdom

 

Incorporation Date:         17-Sep-2009

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       07022432

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190     -          Other wholesale

 

NAICS 2002 Codes:

423990  -          Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190     -          Other wholesale

 

Business Description

Wholesale, Retail; Certain Repair

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

0.4

Current Assets:

0.4

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Issued Capital:

0.0

 

Working Capital:

-0.3

 

Net Worth:

-0.4

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

NA

 

Key Corporate Relationships

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

12-31-2010

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jonathan David Sieff

 

Director

Director/Board Member

 

Alice Wishart

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

Alice Wishart

 

Director

Company Secretary

 

 

 

Directors and Shareholders Report

 

Main Office Address:
66 Porchester Road
London
United Kingdom W2 6ET

 

Annual Return Date: 17 Sep 2010

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Jonathan David 
Sieff

Current

25 Jun 1966

26 Ilchester Place, West Kensington, 
West Kensington, London W14 8AA

17 Sep 2009

NA

Current:13
Previous:6
Disqualifications:0

 

Koray 
Gul

Previous

21 Jul 1972

66 Porchester Road, 
Paddington, London W2 6ET

01 Oct 2009

12 May 2011

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

Company Name

Status

Registered Address

Appointment Date

Resignation Date

T Moda Investments

Previous

Prins Bernhardplein 200, 
Amsterdam, 1097 Jb

17 Sep 2009

01 Oct 2009

 

 

 

 

Individual Secretaries

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Alice 
Wishart

Current

03 Jul 1965

Oak Tree Stables 309 High Road, Chilwell Beeston, 
Nottingham, Nottinghamshire NG9 5DL

17 Sep 2009

NA

Current:10
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

Individual Shareholders

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

T Moda Investments

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

50.00

 

 

 

 

 

 

 

 

Corporate Shareholders

Company Name

Registration Number

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Ilchester Management Ltd

07105510

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

50.00

 

 

Annual Profit & Loss

 

Financials in: USD (mil)          

Except for share items (millions) and per share items (actual units)   

 

 

 

31-Dec-2010

30-Sep-2010

Period Length

12 Months

12 Months

Filed Currency

GBP

GBP

Exchange Rate (Period Average)

0.647573

0.64255

Consolidated

No

No

 

 

 

Audit Fees

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

30-Sep-2010

Filed Currency

GBP

GBP

Exchange Rate

0.638712

0.634598

Consolidated

No

No

 

 

 

Total Tangible Fixed Assets

-

0.0

Intangible Assets

0.0

-

Total Fixed Assets

0.0

0.0

Trade Debtors

0.1

0.4

Cash and Equivalents

0.5

0.1

Other Current Assets

0.0

0.0

Total Current Assets

0.6

0.5

Total Assets

0.6

0.5

Trade Creditors

1.1

0.2

Bank Overdraft

0.0

0.0

Bank Loan Overdrafts

0.0

0.0

Total Short Term Loans

0.0

0.0

Other Current Liabilities

0.0

0.0

Total Current Liabilities

0.0

0.0

Working Capital

-0.5

0.2

Total Long Term Loans

0.0

0.0

Other Long Term Liabilities

0.2

0.4

Total Long Term Liabilities

0.2

0.4

Issued Capital

-

0.0

Retained Earnings

-0.7

-0.2

Total Reserve

-0.7

-0.2

Total Shareholders Funds

-0.6

-0.2

Net Worth

-0.7

-0.2

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Dec-2010

30-Sep-2010

Period Length

12 Months

12 Months

Filed Currency

GBP

GBP

Exchange Rate (Period Average)

0.647573

0.64255

Consolidated

No

No

 

 

 

Paid Up Equity

0.0

0.0

 

 

Annual Ratios

 

 

 

 

31-Dec-2010

30-Sep-2010

Period Length

12 Months

12 Months

Filed Currency

-

-

Exchange Rate

-

-

Consolidated

No

No

 

 

 

Current Ratio

0.53

2.20

Solvency Ratio

-102.81%

-39.88%

Current Debt Ratio

-1.73

-1.14

Long Term Debt Ratio

-0.32

1.73

Total Debt Ratio

-1.97

-3.51

Debt Asset Ratio

178.10%

45.31%

Working Finance

382.37%

105.49%

Fixed Asset Investment

0.05

0.00

Shareholder Liquidity

-4.16

-0.42

Financial Strength Ratio

0.29

-0.17

Reserve Movement

259.22%

-

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.52.42

UK Pound

1

Rs.81.92

Euro

1

Rs.69.94

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.