MIRA INFORM REPORT

 

 

Report Date :           

31.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ROMAN ORIGINALS PLC

 

 

Registered Office :

Unit 1, Vantage Point Wingfoot Way, Birmingham, B24 9JH

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

01.06.1970

 

 

Com. Reg. No.:

00980843

 

 

Legal Form :

Public Parent Company

 

 

Line of Business :

provider and supplier of ladieswear, which operates a chain of stores

 

 

No. of Employees :

392

 

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

Payment Behaviour :

No Complaints

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 

 

Roman Originals PLC

5 Wingfoot Close

Erdington

Birmingham, B24 9JH

United Kingdom

Tel:       01213801900

Fax:      01213801912

Web:    www.romanoriginals.co.uk

           

 

Synthesis

 

Employees:                  392

Company Type:            Public Parent

Corporate Family:          7 Companies

Quoted Status:             Non-quoted Company

Incorporation Date:         01-Jun-1970

Auditor:                        Watergates      

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2010

Reporting Currency:       British Pound Sterling

Annual Sales:               32.2  1

Net Income:                   (0.1)

Total Assets:                 18.6

 

 

Business Description     

 

Roman Originals PLC is a provider and supplier of ladieswear, which operates a chain of stores throughout the United Kingdom and Ireland. The company began production of garments for large stores and then started to produce garments for sale under it’s own label. Roman Originals’ range of products includes summer skirts, smart and casual knits, suits for various occasions, hats, heavily embellished garments, occasion wear, embroidered gypsy skirt, evening wear and jewellery. (Updated by OneSource Information Services)

 

Industry

Industry            Apparel and Accessories

ANZSIC 2006:    1351 - Clothing Manufacturing

NACE 2002:      1822 - Manufacture of other outerwear

NAICS 2002:     3152 - Cut and Sew Apparel Manufacturing

UK SIC 2003:    1822 - Manufacture of other outerwear

US SIC 1987:    2385 - Waterproof Outerwear

 

           


Key Executives   

 

Name

Title

Erich Christodoulou

Managing Director

Caroline Kisby

Accounts Administrator

Peter Euripides Christodoulou

Secretary

Joanne Timmins

Administrator

 

 

News   

 

Title

Date

Roman Originals Wedding Collection Ready for Wedding Season
PR Web (346 Words)

11-Mar-2011

Womenswear - Frank Usher and Dusk fail to return
Drapers (254 Words)

2-Sep-2011

Roman Originals snaps up CDU occasionwear brands
Drapers (384 Words)

27-May-2011

Budget bridal
Western Mail (Wales) (57 Words)

26-Mar-2011

 

 

Financial Summary    

 

FYE: 31-Dec-2010          USD (mil)

Key Figures    

Current Assets              9.98

Fixed Assets                 8.60

Total Liabilities               4.92

Net Worth                     8.03

 

Key Ratios      

Current Ratio                 2.03

Acid Test                      0.65

Debt Gearing                 69.26

 

Registered No.(UK): 00980843

 

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

5 Wingfoot Close

Erdington

Birmingham, B24 9JH

West Midlands County

United Kingdom

Tel:       01213801900

Fax:      01213801912

Web:    www.romanoriginals.co.uk

           

Sales GBP(mil):             20.8

Assets GBP(mil):           11.9

Employees:                   392

Fiscal Year End:            31-Dec-2010

Industry:                        Apparel and Accessories

           

Registered Address:

Unit 1,

Vantage Point Wingfoot Way

Birmingham, B24 9JH

United Kingdom

 

Incorporation Date:         01-Jun-1970

Company Type:             Public Parent

Quoted Status:              Not Quoted

Registered No.(UK):       00980843

Managing Director:         Erich Christodoulou

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

1351     -          Clothing Manufacturing

4251     -          Clothing Retailing

 

NACE 2002 Codes:

1822     -          Manufacture of other outerwear

5242     -          Retail sale of clothing

 

NAICS 2002 Codes:

3152     -          Cut and Sew Apparel Manufacturing

4481     -          Clothing Stores

 

US SIC 1987:

2385     -          Waterproof Outerwear

5651     -          Family Clothing Stores

 

UK SIC 2003:

5242     -          Retail sale of clothing

1822     -          Manufacture of other outerwear

 

Business Description

Roman Originals PLC is a provider and supplier of ladieswear, which operates a chain of stores throughout the United Kingdom and Ireland. The company began production of garments for large stores and then started to produce garments for sale under it’s own label. Roman Originals’ range of products includes summer skirts, smart and casual knits, suits for various occasions, hats, heavily embellished garments, occasion wear, embroidered gypsy skirt, evening wear and jewellery. (Updated by OneSource Information Services)

 

More Business Descriptions

Clothing and Fabric Manufacturers

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

20.8

Net Income:

-0.1

Assets:

11.9

Current Assets:

6.4

 

Fixed Assets:

5.5

 

Long Term Debt:

3.6

 

Total Liabilities:

6.7

 

Issued Capital:

0.2

 

Working Capital:

3.2

 

Net Worth:

5.1

 

 

 

Date of Financial Data:

31-Dec-2010

 

1 Year Growth

-10.7%

NA

0.1%

 

Key Corporate Relationships

Auditor:

Watergates

Bank:

Barclays Bank PLC

 

Auditor:

Watergates

 

Auditor History

Watergates

31-Dec-2010

Watergates

31-Dec-2009

Watergates Ltd

31-Dec-2008

Watergates

31-Dec-2007

Watergates

31-Dec-2006

 

 

 

GBP(mil)

Audit Fees:

0.0

Audit Fiscal Year:

12-31-2010

 

 

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Roman Originals PLC

Roman Originals PLC 
Total Corporate Family Members: 7 
Excluded Small Branches and/or Trading Addresses: 6 (Available via export) 

 

 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Roman Originals PLC

Parent

Birmingham

United Kingdom

Apparel and Accessories

32.2

392

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Kelly Moreton *

 

Branch Manager

Division Head Executive

 

Erich Christodoulou

 

Managing Director

Managing Director

 

Caroline Kisby

 

Accounts Administrator

Administration Executive

 

Joanne Timmins

 

Administrator

Administration Executive

 

Peter Euripides Christodoulou

 

Secretary

Company Secretary

 

M. Collins *

 

Manager

Other

 

Nicola Evans *

 

Manager

Other

 

Amelia Learmouth *

 

Manager

Other

 

T. Simms *

 

Manager

Other

 

 


Directors and Shareholders Report

 

Main Office Address:
5 Wingfoot Close
Birmingham
United Kingdom B24 9JH

Tel: 01213801900
Fax: 01213801912
URL:http://www.romanoriginals.co.uk

Annual Return Date: 14 Feb 2011
Total Issued Capital (GBP 000):200

 

Individual Directors


 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Erich 
Christodoulou

Current

20 Dec 1960

Unit 1 Vantage Point Wingfoot Way, Erdington, 
Birmingham, West Midlands B24 9JH

14 Feb 1992

NA

Current:9
Previous:0
Disqualifications:0

 

Peter Euripides 
Christodoulou

Current

01 Apr 1959

Unit 1 Vantage Point Wingfoot Way, Erdington, 
Birmingham, West Midlands B24 9JH

14 Feb 1992

NA

Current:9
Previous:0
Disqualifications:0

 

Angelica Thalia 
Holland

Previous

NA

Sudeley, Talbot Avenue,
Sutton Coldfield, West Midlands B74 3DB

14 Feb 1992

04 Dec 2008

Current:0
Previous:2
Disqualifications:0

 

Christodoulous 
Christodoulou

Previous

26 Oct 1927

Highfields, Withy Hill Road Bassets Pole, 
Sutton Coldfield, West Midlands B75 6JU

14 Feb 1992

03 Mar 1999

Current:0
Previous:2
Disqualifications:0

 

Inge Ursula 
Christodoulou

Previous

16 Apr 1935

Highfields Withy Hill Road, Bassetts Pole, 
Sutton Coldfield, West Midlands B75 6JU

14 Feb 1992

04 Oct 2006

Current:0
Previous:4
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors


 

There are no corporate directors for this company.

 

 

Individual Secretaries


 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Peter Euripides
Christodoulou

Current

01 Apr 1959

Unit 1 Vantage Point Wingfoot Way, Erdington, 
Birmingham, West Midlands B24 9JH

04 Oct 2006

NA

Current:9
Previous:0
Disqualifications:0

 

Inge Ursula 
Christodoulou

Previous

16 Apr 1935

Highfields Withy Hill Road, Bassetts Pole, 
Sutton Coldfield, West Midlands B75 6JU

14 Feb 1992

04 Oct 2006

Current:0
Previous:4
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries


 

There are no corporate secretaries for this company.

 

 

Shareholders


 

OneSource currently does not provide shareholding information for this company.

 

 


 

Annual Profit & Loss

 

Financials in: USD (mil) 

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

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.647573

0.641508

0.545576

0.499878

0.543438

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

32.2

36.4

-

-

-

Turnover (Exports)

0.0

0.0

-

-

-

Total Turnover

32.2

36.4

44.6

54.2

41.7

Cost of Sales

18.4

21.5

27.1

-

23.4

Total Expenses

-

-

-

49.7

-

Gross Profit

13.8

14.8

17.5

-

18.3

Depreciation

0.6

0.6

0.5

0.5

0.6

Other Expenses

13.0

13.7

15.6

-

14.0

Operating Profit

0.7

1.1

1.9

4.5

4.2

Other Income

0.0

0.0

0.0

0.0

0.1

Interest Paid

0.3

0.3

0.5

0.1

0.0

Exceptional Income

0.0

0.0

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

-

Profit Before Taxes

0.5

0.8

1.3

4.5

4.3

Tax Payable / Credit

0.1

0.1

0.4

1.4

1.3

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.4

0.6

0.7

1.1

1.4

Profit After Taxes

-0.1

0.1

0.2

2.0

1.6

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

0.0

Number of Employees

392

361

372

380

315

Wages

5.3

5.1

6.5

7.2

5.3

Social Security Costs

0.3

0.3

0.4

0.5

0.4

Pensions

0.0

0.0

0.0

0.0

0.0

Other Pension Costs

0.0

0.0

0.0

0.0

0.0

Employees Remuneration

5.6

5.4

6.9

7.7

5.6

Directors Emoluments

0.0

0.0

0.0

0.0

0.1

Other Costs

0.0

0.0

0.0

0.0

0.0

Directors Remuneration

0.0

0.0

0.0

0.0

0.1

 




Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.638712

0.619253

0.695531

0.502361

0.510947

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

7.1

7.3

6.5

0.8

0.8

Fixtures & Fittings

1.4

1.8

1.9

2.1

1.5

Plant & Vehicles

0.1

0.1

0.1

0.2

0.2

Total Tangible Fixed Assets

8.6

9.2

8.5

3.1

2.5

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

8.6

9.2

8.5

3.1

2.5

Stocks

6.5

5.3

5.9

5.7

1.0

Work in Progress

0.3

0.8

0.9

1.1

3.6

Total Stocks Work In Progress

6.8

6.2

6.8

6.8

4.6

Trade Debtors

2.4

2.4

1.1

3.8

3.5

Other Debtors

0.8

0.6

0.5

1.0

0.6

Total Debtors

3.2

3.0

1.6

4.8

4.0

Cash and Equivalents

0.0

0.3

0.8

0.4

2.1

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

10.0

9.5

9.2

12.1

10.7

Total Assets

18.6

18.7

17.6

15.2

13.2

Trade Creditors

2.3

0.9

2.8

2.4

1.9

Bank Overdraft

1.0

0.7

-

-

-

Inter-Company Creditors

0.0

0.0

-

-

-

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Current Liability)

0.0

0.0

-

-

0.0

Finance Lease (Current Liability)

0.0

0.0

-

-

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.0

0.0

-

-

0.0

Total Short Term Loans

0.4

0.0

-

0.0

0.0

Accruals/Deferred Income (Current Liability)

0.3

0.6

0.5

0.6

1.0

Social Security/VAT

0.7

1.0

0.6

1.5

1.0

Corporation Tax

0.3

0.3

0.3

0.8

1.4

Dividends (Current Liability)

0.0

0.0

-

-

-

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

4.9

3.5

4.2

5.3

5.4

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Leasing (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Loans

5.6

6.7

6.0

0.0

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

5.6

6.7

6.0

0.0

0.0

Deferred Taxation

0.1

0.1

0.2

0.2

0.1

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.1

0.1

0.2

0.2

0.1

Issued Capital

0.3

0.3

0.1

0.2

0.2

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.1

0.1

0.1

0.2

0.2

Retained Earnings

7.6

7.9

7.0

9.4

7.3

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

8.0

8.4

7.2

9.8

7.7

Net Worth

8.0

8.4

7.2

9.8

7.7

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.647573

0.641508

0.545576

0.499878

0.543438

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Net Cash Flow From Operating Activities

1.1

0.0

3.4

2.6

2.4

Net Cash Flow from ROI and Servicing of Finance

-0.7

-0.9

-1.2

-1.2

-1.4

Taxation

-0.2

-0.3

-0.7

-2.0

-1.2

Capital Expenditures

-0.2

-0.3

-8.5

-1.1

-0.5

Acquisitions and Disposals

0.0

0.0

0.0

0.0

0.0

Paid Up Equity

0.0

0.0

0.0

0.0

0.0

Management of Liquid Resources

0.0

0.0

0.0

0.0

0.0

Net Cash Flow From Financing

0.0

0.2

0.0

0.0

-0.1

Increase in Cash

0.0

-1.3

-7.0

-1.7

-0.8

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2010

31-Dec-2009

31-Dec-2008

31-Dec-2007

31-Dec-2006

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.638712

0.619253

0.695531

0.502361

0.510947

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

2.03

2.74

2.17

2.30

1.99

Liquidity Ratio

0.65

0.95

0.56

1.00

1.14

Stock Turnover

4.80

6.11

5.13

7.91

9.71

Credit Period (Days)

26.74

23.70

11.47

25.71

28.56

Working Capital by Sales

15.50%

15.95%

14.18%

12.66%

12.03%

Trade Credit by Debtors

0.95

0.38

2.53

0.62

0.55

Return on Capital

3.36%

5.59%

7.87%

44.56%

58.16%

Return on Assets

2.47%

4.56%

5.99%

29.14%

34.44%

Profit Margin

1.41%

2.26%

3.02%

8.21%

10.27%

Return on Shareholders Funds

5.71%

10.18%

14.58%

45.35%

59.25%

Borrowing Ratio

86.73%

88.70%

82.76%

0.04%

0.10%

Equity Gearing

43.24%

44.78%

41.06%

64.25%

58.12%

Debt Gearing

69.26%

80.37%

82.72%

-

-

Interest Coverage

1.73

3.18

2.46

46.38

582.00

Sales by Tangible Assets

3.79

4.08

4.14

17.37

17.75

Average Remuneration per Employee

0.0

0.0

0.0

0.0

0.0

Profit per Employee

0.0

0.0

0.0

0.0

0.0

Sales per Employee

0.1

0.1

0.1

0.1

0.1

Capital Employed per Employee

0.0

0.0

0.0

0.0

0.0

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.0

0.1

0.0

0.0

0.0

Employee Remuneration by Sales

17.51%

14.99%

15.52%

14.22%

13.48%

Creditor Days (Cost of Sales Based)

44.45

15.09

47.76

15.96

28.16

Creditor Days (Sales Based)

25.43

8.93

28.99

15.96

15.83


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.27

UK Pound

1

Rs.82.09

Euro

1

Rs.68.90

 

 

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.