MIRA
INFORM REPORT
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Report Date : |
29.01.2011 |
IDENTIFICATION DETAILS
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Name : |
DUCK AND COVER CLOTHING LIMITED |
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Registered Office : |
5 Space Business Park, Abbey Road, London, Nw10 7su |
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Country : |
United Kingdom |
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Financials (as on) : |
30.06.2010 |
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Date of Incorporation : |
01.02.1996 |
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Com. Reg. No.: |
03153730 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
The Design And Distribution of Casual Wear |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
GBP 128,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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United Kingdom |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company Identification Details
Creditline Recommendations
Official Company Data
Operations
Public
Record Information
Summary of CCJ's/Scottish
Decrees
No CCJs/Scottish Decrees are recorded in our file.
Summary of Mortgages, Charges
and Satisfactions
Details of most recent
Mortgages, Charges and Satisfactions
Other Filings and Notices
Company Secretary
Directors
Share Capital
The above reflects the principle shareholder(s) by number
of shares held, irrespective of share classification type.
Financial Data– Statutory
Accounts
Profit and Loss
The following figures are shown
in units of 1000
Balance Sheet
The following figures are shown
in units of 1000
Financial Comparison
The following figures are shown
in units of 1000
Key Credit Ratios
The following figures are shown
as Ratios or Percentages
Key Industry Sector Trends
Above figures relate to companies in 2003 Standard
Industry Classification (Nace) sector : Wholesale of household goods
Financial Summary
Auditors Qualification The Auditors have expressed a clean opinion (i.e.
unqualified with no referrals) on the accounts for the period ended
30/06/2010.
Turnover Turnover reduced from GBP 9,943,000 to GBP 9,255,000, a
decrease of 7 % in the period.
Operating Profit Totalled GBP 710,000. In the year prior a Profit of GBP
374,000 was achieved.
Pre Tax Profit The subject's profit increased by 56 % in the year.
Working Capital The company's working capital remains positive but reduced
by 2 % in the period.
Net Worth Net worth reduced by GBP 230,000 during the period and now
stands at GBP 9,846,000.
Fixed Assets The subject's fixed assets reduced during the year by GBP
89,000 to GBP 3,843,000 and are now 35 % of total assets compared with 34 %
in the previous year.
Long Term Liabilities The company's long term liabilities increased during the
period by 8% and are now 1 % of net worth compared with 1 % in the previous
period.
Long Term Liabilities Long term liabilities are now 1 % of total liabilities
compared with 1 % in the previous period. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.74 |
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1 |
Rs.72.73 |
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Euro |
1 |
Rs.62.73 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.