MIRA INFORM REPORT

 

 

Report Date :

02.03.2011

 

IDENTIFICATION DETAILS

 

Name :

POMODORO CLOTHING COMPANY LIMITED

 

 

Registered Office :

5a Bathurst Street London W2 2SD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.03.2010

 

 

Date of Incorporation :

06.03.1992

 

 

Com. Reg. No.:

02694440

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Wholesale of Clothing & Footwear

 

RATING & COMMENTS

 

MIRA’s Rating :

A

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Maximum Credit Limit :

£51,000

Status :

Good

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 – June 30, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Summary

 

Top of Form

Company Name

POMODORO CLOTHING COMPANY LIMITED

Company Number

02694440

Registered Address

5A BATHURST STREET

Trading Address

5A Bathurst Street
London
W2 2SD

 

LONDON

 

 

 

 

 

W2 2SD

 

 

 

 

 

Website Address

http://www.pomodoro.org.uk

 

 

Telephone Number

02077233324

Fax Number

 

TPS

No

FPS

No

Incorporation Date

06/03/1992

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

 

 

Filing Date of Accounts

09/02/2011

Date of Change

-

Share Capital

£100

Sic Code

5142

Currency

GBP

Sic Description

WHOLESALE OF CLOTHING & FOOTWEAR

Principal Activity

Importing, wholesaling and retailing of ladies fashion wear.

Accounts Due Date

31/12/2011

Credit Rating & Limit

 

Todays Limit

£51,000

 

Todays Contract Limit

£102,000

 

 

 

 

Commentary

 

No exact match CCJs are recorded against the company.

The company's credit rating has increased from not rated to 93 which indicates very good creditworthiness.

There has been no significant change in the company's credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

In the previous 12 month trading period Net Worth increased by 11.5%.

A 10.1% growth in Total Assets occurred in the previous 12 month trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an increase in their Cash Balance of 3.6% in the previous 12 month trading period.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is part of a group.

The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.

The company was established over 18 years ago.

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/03/2010

-

-

£594,375

-

31/03/2009

-

-

£532,834

-

31/03/2008

-

-

£623,366

-

 

CCJ

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

0

 

 

 

Exact CCJ Details

 

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

 

Mortgage Summary

 

Outstanding

7

Satisfied

1

 

Total Current Directors

4

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

Current Directors

 

Name

Hemant Puri

Date of Birth

09/06/1959

Officers Title

Mr

Nationality

British

Present Appointments

6

Function

Director

Appointment Date

06/03/1992

 

 

Address

15 Manor House Drive,  Brondesbury Park,  London,  NW6 7DE

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Balram Puri

Date of Birth

21/11/1926

Officers Title

Mr

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

12/05/1992

 

 

Address

39 Sudbury Court Drive,  ,  Harrow,  HA1 3SZ

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Damyanti Puri

Date of Birth

02/03/1936

Officers Title

Ms

Nationality

British

Present Appointments

4

Function

Director

Appointment Date

12/05/1992

 

 

Address

39 Sudbury Court Drive,  ,  Harrow,  HA1 3SZ

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Noreen Puri

Date of Birth

23/02/1966

Officers Title

Ms

Nationality

British

Present Appointments

7

Function

Director

Appointment Date

06/03/1992

 

 

Address

15 Manor House Drive,  Brondesbury Park,  London,  NW6 7DE

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Noreen Puri

Date of Birth

23/02/1966

Officers Title

Ms

Nationality

British

Present Appointments

7

Function

Company Secretary

Appointment Date

06/03/1992

 

 

Address

15 Manor House Drive,  Brondesbury Park,  London,  NW6 7DE

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Top 20 Shareholders

 

Name

Individual Share Value

KRISTAN LIMITED

45 ORDINARY GBP 1.00

KRISTAN LIMITED

45 ORDINARY GBP 1.00

KRISTAN LIMITED

5 ORDINARY GBP 1.00

KRISTAN LIMITED

5 ORDINARY GBP 1.00

 

Profit & Loss

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

£3,637,005

-0.4%

£3,653,126

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

£2,459,695

-1.6%

£2,498,748

Gross Profit

-

-

-

-

-

-

£1,177,310

2%

£1,154,378

Wages & Salaries

-

-

-

-

-

-

£437,086

-1.5%

£443,767

Directors Emoluments

-

-

-

-

-

-

£76,362

-22%

£97,882

Operating Profit

-

-

-

-

-

-

£178,573

-1.1%

£180,600

Depreciation

£25,871

3.7%

£24,947

1.1%

£24,668

-16%

£29,374

-31.1%

£42,618

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

£39,232

-11%

£44,068

Pre Tax Profit

-

-

-

-

-

-

£141,652

1.8%

£139,178

Taxation

-

-

-

-

-

-

-£35,557

-13%

-£31,471

Profit After Tax

-

-

-

-

-

-

£106,095

-1.5%

£107,707

Dividends Payable

-

-

-

-

-

-

£20,000

-

-

Retained Profit

-

-

-

-

-

-

£86,095

-20.1%

£107,707

 

Balance Sheet

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Tangible Assets

£48,575

-25.5%

£65,208

-25.4%

£87,368

-19.2%

£108,122

-82.9%

£631,177

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£48,575

-25.5%

£65,208

-25.4%

£87,368

-19.2%

£108,122

-82.9%

£631,177

Stock

£305,942

-35.5%

£474,389

166.2%

£178,230

24.8%

£142,815

-24.6%

£189,430

Trade Debtors

£1,147,970

40.5%

£817,059

-23.5%

£1,068,659

-0.5%

£1,074,078

-29.9%

£1,531,457

Cash

£133,594

3.6%

£128,931

3.9%

£124,115

-50.9%

£252,761

595.4%

£36,345

Other Debtors

£23,186

6.6%

£21,745

999.9%

£1,200

-97.3%

£44,229

-

0

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£1,610,692

11.7%

£1,442,124

5.1%

£1,372,204

-9.4%

£1,513,883

-13.8%

£1,757,232

Trade Creditors

£959,338

26.8%

£756,418

18.1%

£640,335

-27.9%

£888,122

-35.4%

£1,375,637

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-100%

£57,584

-

0

-100%

£27,920

Miscellaneous Current Liabilities

£105,554

-51.6%

£218,080

57.7%

£138,287

-21.5%

£176,238

-38.2%

£285,274

Total Current Liabilities

£1,064,892

9.3%

£974,498

16.5%

£836,206

-21.4%

£1,064,360

-37%

£1,688,831

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-100%

£228,028

Other Long Term Finance

0

-

0

-

0

-

0

-100%

£228,028

Total Long Term Liabilities

0

-

0

-

0

-

0

-100%

£228,028

 

Capital & Reserves

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£594,275

11.6%

£532,734

-14.5%

£623,266

11.8%

£557,545

18.3%

£471,450

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£594,375

11.5%

£532,834

-14.5%

£623,366

11.8%

£557,645

18.3%

£471,550

 

Other Financial Items

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Net Worth

£594,375

11.5%

£532,834

-14.5%

£623,366

11.8%

£557,645

18.3%

£471,550

Working Capital

£545,800

16.7%

£467,626

-12.8%

£535,998

19.2%

£449,523

557.2%

£68,401

Total Assets

£1,659,267

10.1%

£1,507,332

3.3%

£1,459,572

-10%

£1,622,005

-32.1%

£2,388,409

Total Liabilities

£1,064,892

9.3%

£974,498

16.5%

£836,206

-21.4%

£1,064,360

-44.5%

£1,916,859

Net Assets

£594,375

11.5%

£532,834

-14.5%

£623,366

11.8%

£557,645

18.3%

£471,550

 

Cash Flow

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

31/03/10

(%)

31/03/09

(%)

31/03/08

(%)

31/03/07

(%)

31/03/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£594,375

11.5%

£532,834

-14.5%

£623,366

11.8%

£557,645

-20.3%

£699,578

Number of Employees

-

-

-

-

-

-

24

-

24

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

HSBC BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/03/10

31/03/09

31/03/08

31/03/07

31/03/06

Pre-tax profit margin %

-

-

-

3.89

3.81

Current ratio

1.51

1.48

1.64

1.42

1.04

Sales/Net Working Capital

-

-

-

8.09

-

Gearing %

0

0

0

0

48.40

Equity in %

35.80

35.30

42.70

34.40

19.70

Creditor Days

-

-

-

88.89

137.45

Debtor Days

-

-

-

107.50

153.01

Liquidity/Acid Test

1.22

0.99

1.42

1.29

0.93

Return On Capital Employed %

-

-

-

25.40

19.89

Return On Total Assets Employed %

-

-

-

8.73

5.83

Current Debt Ratio

1.79

1.82

1.34

1.90

3.58

Total Debt Ratio

1.79

1.82

1.34

1.90

4.07

Stock Turnover Ratio %

-

-

-

3.93

5.19

Return on Net Assets Employed %

-

-

-

25.40

29.52

 

Status History

 

No Status History found

 

 

*Event History

 

Date

Description

14/02/2011

New Accounts Filed

16/06/2010

Annual Returns

10/02/2010

New Accounts Filed

30/11/2009

Annual Returns

12/05/2009

New Accounts Filed

20/03/2009

Annual Returns

24/12/2008

Annual Returns

24/09/2008

New Accounts Filed

06/05/2008

Accounts Overdue

03/09/2007

Annual Returns

21/05/2007

New Accounts Filed

18/10/2006

New Accounts Filed

07/10/2005

New Accounts Filed

28/03/2005

Data Refresh

17/05/2004

New Accounts Filed

 

Limit History

 

Date

Limit

14/02/2011

£51,000

01/01/2011

-

18/12/2010

£26,000

10/02/2010

£50,000

05/02/2010

-

02/01/2010

£31,000

27/11/2009

£50,000

12/05/2009

£48,000

20/02/2009

£0

24/09/2008

£65,000

Previous Company Names

 

No Previous Names found

 

Group Structure Summary

 

Company Name

POMODORO CLOTHING COMPANY LIMITED

Company Number

02694440

Holding Company

KRISTAN LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

KRISTAN LIMITED

Companies in group

3

 

Group structure

 

Company Name

 

Safe Number

Registered Number

Latest Key Financials

Consol. Accounts

Rating

Limit

Turnover

KRISTAN LIMITED

 

UK04637644

04991587

31.03.2010

N

86

£1,000

-

TANYA COLLECTIONS LIMITED

 

UK03673061

04021060

31.03.2010

N

71

£1,000

-

POMODORO CLOTHING COMPANY LIMITED

 

UK02355382

02694440

31.03.2010

N

93

£51,000

-



Bottom of Form

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.12

UK Pound

1

Rs.73.43

Euro

1

Rs.62.32

 

 

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.