MIRA
INFORM REPORT
|
Report Date : |
18.05.2011 |
IDENTIFICATION DETAILS
|
Name : |
ALL SAINTS RETAIL LIMITED |
|
|
|
|
Registered Office : |
Jack's Place Units C15-C17, 6 Corbet Place, London, E1 6NN. |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.01.2010 |
|
|
|
|
Date of Incorporation : |
25.10.2000 |
|
|
|
|
Com. Reg. No.: |
04096157 |
|
|
|
|
Legal Form : |
Private Limited |
|
|
|
|
Line of Business : |
Manufacturers , design and sale of mens, ladies and childrens clothing and accessories |
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 |
|
Maximum Credit Limit : |
GBP 75,000 |
|
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 – December 31, 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 |
Company Identification Details
|
Subject Reported on |
ALL SAINTS RETAIL LIMITED |
|
Registration Number |
04096157 |
|
VAT Number |
GB765221535 |
|
Address |
JACK'S PLACE UNITS C15-C17, 6 CORBET PLACE, LONDON, E1 6NN. |
|
Telephone |
0870 428 3500 |
|
Email |
|
|
Web Address |
Creditline Recommendations
|
Monthly Credit Guide |
GBP 75,000 |
Official Company Data
|
Legal Form |
Private Limited |
|
Registration Number |
04096157 |
|
VAT Number |
GB765221535 |
|
Subject Status |
Trading |
|
Date of Incorporation |
25/10/2000 |
|
Registered Office |
JACK'S PLACE UNITS C15-C17, 6 CORBET PLACE, LONDON, E1 6NN. |
|
History |
22/08/2008 : The
Registered Office address changed from C/O HAMILTONS MERIDEN HOUSE, 6 GREAT
CORNBOW,. |
|
|
24/09/2002 : The Registered
Office address changed from ST JOSEPHS COURT, TRINDLE ROAD, DUDLEY, WEST. |
|
|
7/01/2002 : The
Registered Office address changed from HAMILTON HOUSE 6 GREAT CORNBOW,
HALESOWEN, WE. |
|
|
28/06/2001 : The
Registered Office address changed from HAMILTON HOUSE 6 GREAT CORNBOW,
HALESOWEN, WE. |
|
|
Previously located at
1 GREAT TITCHFIELD STREET, LONDON, W1W 8AU.. |
|
Date of Last Annual Return to Registry |
25/10/2010 |
|
Accounts |
The last filed accounts at Companies House are those to 31/01/2010 |
|
Accounting Reference Date |
31/01 |
Operations
|
Activities |
Manufacturers , design and sale of mens, ladies and childrens clothing
and accessories |
|
Nace Code |
1822 |
|
Premises |
Rented,Offices,Shop |
|
Staff Employed |
1,961 |
|
Trade Names |
DESIGN STUDIO, ALL SAINTS SPITALFIELDS, ALL SAINTS JACK'S
PLACE |
|
Import Countries |
ALL OVER THE WORLD |
|
Export Countries |
ALL OVER THE WORLD |
|
Bankers |
HSBC BANK PLC |
|
Address |
LONDON. |
|
Sort Code |
400304 |
|
Auditors |
BDO LLP |
|
Branches |
48 SHOPS IN UK &
CHANNEL ISLANDS. |
|
|
THIRD FLOOR, 41-42
EASTCASTLE STREET, LONDON, W1W 8DU. |
|
|
42 PELHAM STREET,
NOTTINGHAM, NOTTINGHAMSHIRE, NG1 2EA. |
|
|
UNIT 31, PORTMANMOOR
RD IND EST, CARDIFF, SOUTH GLAMORGAN, CF24 5HB. |
|
|
5 EARLHAM STREET,
LONDON, WC2H 9LL. |
|
|
99 PRINCES STREET,
EDINBURGH, MIDLOTHIAN, EH2 3AA. |
|
|
UPPER MALL WEST,
BULLRING, BIRMINGHAM, WEST MIDLANDS, B5 4BG. |
|
|
68 QUEENS ROAD,
CLIFTON BRISTOL, AVON, BS8 1QU. |
|
|
UNIT G1 THE POWERHUB
BUS CENTRE, ST PETERS STREET, MAIDSTONE KENT. |
|
|
UNIT 1054 WESTFIELD
LONDON SHOPP, ARIEL WAY, LONDON, W12 7GD. |
|
|
192-196 INGRAM ST,
GLASGOW, LANARKSHIRE, G1 1DG. |
|
|
MARKET ST, MANCHESTER,
LANCASHIRE, M1 1WR. |
|
|
14 DUKE OF YORK SQ,
LONDON, SW3 4LY. |
|
|
EAST ST, BRIGHTON,
EAST SUSSEX, BN1 1HQ. |
|
|
METROCENTRE,
GATESHEAD, TYNE AND WEAR, NE11 9YG. |
|
|
34 WHITECHAPEL,
LIVERPOOL, MERSEYSIDE, L1 6DZ. |
|
|
30 ST. ANDREWS ST,
CAMBRIDGE, CAMBRIDGESHIRE, CB2 3AX. |
|
|
98 BUCHANAN ST,
GLASGOW, LANARKSHIRE, G1 3HA. |
|
|
UNIT 7-9 WHARFSIDE ST,
BIRMINGHAM, WEST MIDLANDS, B1 1RE. |
|
|
290 WESTBOURNE GR,
LONDON, W11 2PS. |
|
Subsidiaries |
ALLSAINTS USA LIMITED |
Previous Searches
|
Search History Summary |
|
Last 3 Months |
Last 6 Months |
Last 12 Months |
|
16 |
23 |
52 |
|
Search History Details |
|
|
|
The Search History Details shows details of the most recent 40 searches |
|
Date |
Description |
|
04/05/2011 |
Storage and warehousing |
|
26/04/2011 |
Storage and warehousing |
|
21/04/2011 |
Other credit granting |
|
18/04/2011 |
Storage and warehousing |
|
13/04/2011 |
Storage and warehousing |
|
07/04/2011 |
Storage and warehousing |
|
07/04/2011 |
Storage and warehousing |
|
05/04/2011 |
Other service activities not elsewhere classified |
|
03/04/2011 |
Miscellaneous |
|
01/04/2011 |
Miscellaneous |
|
23/03/2011 |
Miscellaneous |
|
18/03/2011 |
Miscellaneous |
|
11/03/2011 |
Storage and warehousing |
|
10/03/2011 |
Storage and warehousing |
|
25/02/2011 |
Other credit granting |
|
22/02/2011 |
Other credit granting |
|
13/01/2011 |
Financial leasing |
|
05/01/2011 |
Miscellaneous |
|
07/12/2010 |
Miscellaneous |
|
23/11/2010 |
Other credit granting |
|
22/11/2010 |
Other credit granting |
|
22/11/2010 |
Other credit granting |
|
16/11/2010 |
Miscellaneous |
|
09/10/2010 |
Other credit granting |
|
06/10/2010 |
Other credit granting |
|
01/10/2010 |
Other credit granting |
|
22/09/2010 |
Manufacture of computers and other information processing equipment |
|
22/09/2010 |
Maintenance and repair of office, accounting and computing machinery |
|
06/09/2010 |
Other credit granting |
|
19/08/2010 |
Other credit granting |
|
18/08/2010 |
Other credit granting |
|
11/08/2010 |
Miscellaneous |
|
02/08/2010 |
Other credit granting |
|
02/08/2010 |
Other credit granting |
|
28/07/2010 |
Miscellaneous |
|
28/07/2010 |
Manufacture of computers and other information processing equipment |
|
28/07/2010 |
Maintenance and repair of office, accounting and computing machinery |
|
16/07/2010 |
Other credit granting |
|
16/07/2010 |
Other credit granting |
|
15/07/2010 |
Other credit granting |
Public Record Information
|
Summary of CCJ's/Scottish Decrees |
|
Period |
Last 72 Months |
Last 36 Months |
Last 18 Months |
|
Amount Summary |
101,153 |
101,153 |
51,622 |
|
Count Summary |
4 |
4 |
2 |
|
Unsettled Amount Summary |
100,359 |
100,359 |
51,429 |
|
Details of the most recent CCJ's/Scottish Decrees |
|
Date |
Amount |
Type |
Case No |
Satisfied |
Court |
|
14/04/2011 |
51,429 |
Judgment |
1RG00894 |
|
READING |
|
06/07/2010 |
193 |
Judgment |
0XH82673 |
15/11/2010 |
NORTHAMPTON CCBC |
|
11/11/2008 |
48,930 |
Judgment |
8BM11925 |
|
BIRMINGHAM |
|
21/05/2008 |
601 |
Judgment |
8QC12162 |
09/07/2008 |
NORTHAMPTON CCBC |
Summary of Mortgages, Charges and Satisfactions
|
Total Number of Mortgages/Charges Registered |
13 |
|
Number Outstanding |
8 |
|
Number Partially Satisfied |
0 |
|
Number Satisfied |
5 |
|
|
|
|
Date of Latest Mortgage Created |
01/10/2010 |
|
Date of Latest Satisfaction |
10/07/2009 |
Details of most recent Mortgages, Charges and Satisfactions
|
Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
|
|
08/10/2010 |
01/10/2010 |
Debenture |
MG01 |
Kaupthing Bank Hf (The "Security Agent") |
|
|
28/07/2010 |
26/07/2010 |
An Omnibus Guarantee And Set-Off Agreement |
MG01 |
Lloyds Tsb Bank Plc |
|
|
01/10/2009 |
16/09/2009 |
Rent Deposit Deed |
MG01 |
Brixton (Westbrook, Trafford Park) Limited |
|
|
10/07/2009 |
08/07/2009 |
Debenture |
395 |
Lloyds Tsb Bank Plc |
|
|
25/03/2009 |
13/03/2009 |
Debenture |
395 |
Kaupthing Bank Hf (As Security Trustee For The Secured Parti |
|
|
18/10/2008 |
14/10/2008 |
Rent Deposit Deed |
395 |
Friends Provident Life Assurance Limited |
|
|
02/09/2008 |
20/08/2008 |
Rent Deposit Deed |
395 |
Bicester Nominees Limited And Bicester Ii Nominees Limited |
|
10/07/2009 |
27/07/2007 |
16/07/2007 |
Debenture |
395 |
Landsbanki Commercial Finance |
|
10/07/2009 |
27/07/2007 |
16/07/2007 |
Debenture |
395 |
Landsbanki Islands H.F. |
|
19/03/2009 |
08/03/2006 |
20/02/2006 |
Debenture |
395 |
Kevin Stanford |
|
It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
Other Filings and Notices
|
Date |
Source |
Description |
|
08/02/2011 |
Companies House Gazette |
Notification of any change among the company's directors |
|
12/10/2010 |
Companies House Gazette |
Any amendment to company's articles (including every resolution or
agreement required to be embodied in or annexed to copies of the company's
articles issued by |
|
23/07/2010 |
Companies House Gazette |
Any amendment to company's articles (including every resolution or
agreement required to be embodied in or annexed to copies of the company's
articles issued by |
|
09/11/2009 |
Companies House Gazette |
Notification of any change among the company's directors |
|
07/04/2009 |
Companies House Gazette |
Change among directors of a company |
|
31/03/2009 |
Companies House Gazette |
Change among directors of a company |
|
27/03/2009 |
Companies House Gazette |
"Resolutions which give vary |
|
27/03/2009 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
19/03/2009 |
Companies House Gazette |
Change among directors of a company |
|
10/03/2009 |
Companies House Gazette |
"Resolutions which give vary |
|
24/10/2008 |
Companies House Gazette |
Change among directors of a company |
|
09/10/2008 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
26/07/2008 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
05/01/2007 |
Companies House Gazette |
Change among directors of a company |
|
20/12/2006 |
Companies House Gazette |
Change among directors of a company |
|
20/12/2006 |
Companies House Gazette |
"Resolutions which give vary |
|
20/12/2006 |
Companies House Gazette |
Resolutions or agreements to which section 380 applies (relating to
shares rights or names) |
|
20/12/2006 |
Companies House Gazette |
Alteration in memorandum or articles of association |
|
06/01/2006 |
Companies House Gazette |
Change among directors of a company |
|
23/06/2005 |
Companies House Gazette |
Alteration in memorandum or articles of association |
Company Secretary
|
Secretary |
PETER JAMES WOOD |
|
Service Address |
97 CLOUDESLEY ROAD, LONDON, N1 0EN. |
|
Country of Origin |
UNITED KINGDOM |
|
Appointment Date |
31/01/2011 |
Directors
|
Managing Director |
KEVIN GERALD STANFORD |
|
Service Address |
THE DOWER HOUSE, ROYDEN HALL ROAD, EAST PECKHAM, KENT, TN12 5NH. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
29/07/1960 |
|
Appointment Date |
18/02/2005 |
|
Other Directorships |
WYNDERMERE INVESTMENTS LIMITED, CRESCO PARTNERS LLP, BROOKES
AIR CHARTER LLP, ELIT REALISATIONS 3 LIMITED, THE SWAN (WEST MALLING)
LIMITED, ALLSAINTS USA LIMITED, BROOKES CHAUFFEUR SERVICES
LIMITED, RIVER MEDWAY DEVELOPMENTS LIMITED, THE SWAN COLLECTION
LIMITED, BSA & C LIMITED |
|
|
|
|
Service Address |
23 COMPTON ROAD, LONDON, N1 2PB. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
06/08/1968 |
|
Appointment Date |
15/12/2006 |
|
|
|
|
Service Address |
HOFGARDAR 21, SELTJARNARNES, 170. |
|
Country of Origin |
ICELAND |
|
Date of Birth |
24/03/1967 |
|
Appointment Date |
13/03/2009 |
|
|
|
|
Service Address |
NOROBRUN 12, 104 REYKJAVIK, REYKJAVIC. |
|
Country of Origin |
ICELAND |
|
Date of Birth |
23/08/1977 |
|
Appointment Date |
13/03/2009 |
|
|
|
|
Service Address |
97 CLOUDESLEY ROAD, LONDON, N1 0EN. |
|
Country of Origin |
UNITED KINGDOM |
|
Date of Birth |
17/08/1973 |
|
Appointment Date |
31/01/2011 |
|
Other Directorships |
ALLSAINTS USA LIMITED |
Share Capital
|
Shares |
Ordinary A GBP 0.01 Each |
|
Issued Number |
10,540 |
|
Shares |
Preference GBP 0.01 Each |
|
Issued Number |
100 |
|
Shares |
Z GBP 0.01 Each |
|
Issued Number |
1 |
|
Shares |
Ordinary B GBP 0.01 Each |
|
Issued Number |
555 |
|
Shares |
Ordinary C GBP 0.01 Each |
|
Issued Number |
5,975 |
|
Principal Shareholder |
10,540 Kaupthing Bank HF |
|
|
5,975 Glitnir Banki |
|
|
555 Mick Dunne |
|
|
65 Kaupthing Bank HF |
|
|
35 Glitnir Banki |
|
|
1 DS Family Trust |
|
The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type. |
|
Holding Company |
KAUPTHING BANK HF |
General Information
|
06/05/2011 |
|
The recent CCJ information gives cause for concern. It is understood
that the subject has staved off Administration following a last minute deal
to save the company with investment being provided by Lion Capital and Goode
Partners,together with increased stakes in the business being taken by Kevin
Stanford (the founder) and Chief Executive Stephe Craig. The terms of any
refinancing are awaited. |
|
26/04/2011 |
|
HIGH street fashion retailer All Saints is set to complete a sale to US
private equity house Goode Partners by the end of this week, despite fears
its creditors could put it into administration. But there are suggestions the retailer’s main lender, Lloyds Banking
Group, has threatened chief executive Stephen Craig with the liquidation of
his firm should the buyout deal fail. The bank, which provides All Saints
with a £28.5m loan facility, was also said to have put KPMG on standby to
initiate administration should talks fail. |
|
07/04/2011 |
|
Credit limit under review. |
|
07/04/2011 |
|
The company is reportedly in talks with private equity investors
seeking funding,that if it fails to obtain,could lead to Administration. (The
Guardian 05.04.2011). |
Financial Data– Statutory
Accounts
|
For annual accounts images, view the |
|
Profit and Loss |
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
53 |
52 |
|
Accounts Date |
31/01/2010 |
01/02/2009 |
03/02/2008 |
31/01/2007 |
|
Consolidated |
Yes |
Yes |
|
|
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
SALES |
132854 |
90892 |
46860 |
26407 |
|
UK sales |
120119 |
87094 |
45448 |
25453 |
|
Export |
12735 |
3798 |
1412 |
954 |
|
Cost of goods sold |
41704 |
29691 |
16961 |
10852 |
|
GROSS PROFIT |
91150 |
61201 |
29899 |
15555 |
|
Wages and Salaries |
24656 |
17774 |
9843 |
6274 |
|
Directors Emoluments |
1300 |
968 |
429 |
54 |
|
Auditors Fees |
75 |
62 |
25 |
|
|
Non-Audit Fees |
188 |
32 |
18 |
|
|
Trading Profit |
21047 |
11602 |
3393 |
(43) |
|
Depreciation |
8592 |
5481 |
1956 |
1241 |
|
OPERATING PROFIT |
12455 |
6121 |
1437 |
(1284) |
|
Non Trading Income |
(122) |
15 |
16 |
6 |
|
Interest Payable |
1662 |
1605 |
1299 |
207 |
|
PRE TAX PROFIT |
10671 |
4531 |
154 |
(1485) |
|
Taxation |
3182 |
1411 |
(45) |
|
|
PROFIT AFTER TAX |
7489 |
3120 |
199 |
(1485) |
|
RETAINED PROFITS |
7489 |
3120 |
199 |
(1485) |
|
Balance Sheet |
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
53 |
52 |
|
Accounts Date |
31/01/2010 |
01/02/2009 |
03/02/2008 |
31/01/2007 |
|
Consolidated |
Yes |
Yes |
|
|
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
TOTAL FIXED ASSETS |
41641 |
26719 |
16448 |
9014 |
|
Tangible Assets |
40499 |
26194 |
16374 |
8986 |
|
Fixed Assets |
40499 |
26194 |
16374 |
8986 |
|
Intangible Assets |
1142 |
525 |
74 |
28 |
|
TOTAL CURRENT ASSETS |
47669 |
33299 |
15430 |
11963 |
|
Trade debtors |
4346 |
4458 |
243 |
181 |
|
Stocks |
26845 |
17978 |
8283 |
5716 |
|
Other Current Assets |
16478 |
10863 |
6904 |
6066 |
|
Misc Current Assets |
12891 |
10010 |
5319 |
1919 |
|
Cash |
3587 |
853 |
1585 |
4147 |
|
TOTAL ASSETS |
89310 |
60018 |
31878 |
20977 |
|
TOTAL CURRENT LIABILITIES |
42869 |
32927 |
15305 |
4423 |
|
Trade creditors |
19516 |
9469 |
3466 |
972 |
|
Short Term Loans |
12088 |
15170 |
6733 |
495 |
|
Bank Overdraft |
11350 |
15170 |
4972 |
|
|
Bank Loans |
500 |
|
400 |
240 |
|
Other Finance |
|
|
60 |
255 |
|
Due To Directors |
238 |
|
1301 |
|
|
Other Liabilities |
11265 |
8288 |
5106 |
2956 |
|
WORKING CAPITAL |
4800 |
372 |
125 |
7540 |
|
TOTAL LONG TERM LIABS |
26920 |
14920 |
11839 |
12019 |
|
Long Term Loans |
24769 |
13455 |
11839 |
12019 |
|
Bank Loans |
13976 |
9167 |
9567 |
9935 |
|
Other Finance |
10793 |
4288 |
2272 |
830 |
|
Due To Directors |
|
|
|
1254 |
|
Other Liabilities |
2151 |
1465 |
|
|
|
NET ASSETS/(LIABILITIES) |
19521 |
12171 |
4734 |
4535 |
|
SHARE CAPITAL + RESERVES |
19521 |
12171 |
4734 |
4535 |
|
Share Cap + Sundry Res |
9555 |
9555 |
5238 |
5238 |
|
Sundry Reserves |
9555 |
9555 |
5238 |
5238 |
|
Profit and Loss account |
9966 |
2616 |
(504) |
(703) |
|
SHAREHOLDERS FUNDS |
19521 |
12171 |
4734 |
4535 |
|
CAPITAL EMPLOYED |
46441 |
27091 |
16573 |
16554 |
|
Financial Comparison |
|
The following figures are shown in units of 1000 |
|
Number of Weeks |
52 |
52 |
53 |
52 |
|
Accounts Date |
31/01/2010 |
01/02/2009 |
03/02/2008 |
31/01/2007 |
|
Consolidated |
Yes |
Yes |
|
|
|
Currency |
GBP |
GBP |
GBP |
GBP |
|
Net Cashflow from Oper. |
21445 |
3345 |
3610 |
(5314) |
|
Increase in Cash |
3154 |
(7531) |
(7534) |
5288 |
|
Directors Remuneration |
1300 |
968 |
429 |
54 |
|
Auditors Remuneration |
75 |
62 |
25 |
|
|
Liquid Assets |
7933 |
5311 |
1828 |
4328 |
|
Net Working Capital |
4800 |
372 |
125 |
7540 |
|
Long Term Debt(>12 Months) |
24769 |
13455 |
11839 |
12019 |
|
Other Deferred Liabs |
2151 |
1465 |
|
|
|
Tangible Net Worth(T.N.W) |
18379 |
11646 |
4660 |
4507 |
|
Equity |
19521 |
12171 |
4734 |
4535 |
|
Number of Years Trading |
10 |
9 |
8 |
7 |
|
Number of Employees |
1961 |
1752 |
767 |
410 |
|
Profit per Employee |
5441.6 |
2586.2 |
200.8 |
(3622) |
|
Sales per Employee |
67748.1 |
51879 |
61095.2 |
64407.3 |
|
Key Credit Ratios |
|
The following figures are shown as Ratios or Percentages |
|
Accounts Date |
31/01/2010 |
01/02/2009 |
03/02/2008 |
31/01/2007 |
|
Consolidated |
Yes |
Yes |
|
|
|
Current Ratio |
1.1 |
1 |
1 |
2.7 |
|
Long Term Debt/T.N.W |
1.3 |
1.2 |
2.5 |
2.7 |
|
Pre Tax Profit Margin% |
8 |
5 |
0.3 |
(5.6) |
|
Gross Profit% |
68.6 |
67.3 |
63.8 |
58.9 |
|
Debtors Days (D.S.O) |
12 |
18 |
2 |
3 |
|
Creditors Days (D.P.O) |
54 |
38 |
27 |
13 |
|
Quick Ratio |
0.5 |
0.5 |
0.5 |
1.4 |
|
W.I.P/Inventory Days |
235 |
221 |
178.2 |
192.3 |
|
Return on Investment% |
21.1 |
14.5 |
6.2 |
(7.5) |
|
Return on Assets% |
11.9 |
7.5 |
0.5 |
(7.1) |
|
T.N.W/Total Assets% |
20.6 |
19.4 |
14.6 |
21.5 |
|
Return on Capital% |
23 |
16.7 |
0.9 |
(9) |
|
Rtn on Shareholders Funds% |
54.7 |
37.2 |
3.3 |
(32.7) |
|
Working Capital/Sales% |
3.6 |
0.4 |
0.3 |
28.6 |
|
Borrowing Ratio% |
200.5 |
245.8 |
398.5 |
277.7 |
|
Equity Gearing% |
28 |
25.4 |
17.4 |
27.6 |
|
Stock Turnover |
4.9 |
5.1 |
5.7 |
4.6 |
|
Days Purchases Outstanding |
170.8 |
116.4 |
74.6 |
32.7 |
|
Sales/Fixed Assets |
3.3 |
3.5 |
2.9 |
2.9 |
|
Debt Gearing |
134.8 |
115.5 |
254.1 |
266.7 |
Key Industry Sector Trends
|
Year |
2010 |
2009 |
2008 |
2007 |
|
Sample Size |
1120 |
1864 |
1898 |
1940 |
|
Pre-Tax Profit Margin |
1.8 |
(0.2) |
(1.1) |
(0.9) |
|
Current Ratio |
1.4 |
1.4 |
1.4 |
1.4 |
|
Borrowing Ratio |
30.7 |
16.5 |
22.8 |
22.5 |
|
Return on Capital |
37.7 |
28.2 |
23.6 |
37.6 |
|
Creditors Days |
60 |
59 |
81 |
69 |
|
Above figures relate to companies in 2003 Standard Industry
Classification (Nace) sector : Manufacture of other wearing apparel and
accessories |
Financial Summary
|
Auditors Qualification |
|
The Auditors have expressed a clean opinion
(i.e. unqualified with no referrals) on the accounts for the period ended
31/01/2010. |
|
Turnover |
|
Turnover increased by 46 % in the period
and now totals GBP 132,854,000. |
|
Operating Profit |
|
Totalled GBP 12,455,000. In the year prior
a Profit of GBP 6,121,000 was achieved. |
|
Pre Tax Profit |
|
The subject's profit increased by 135 % in
the year. |
|
Working Capital |
|
The company's working capital has
increased by 1,190 % in the period. |
|
Net Worth |
|
Net worth has increased by 60 % and now
stands at GBP 19,521,000. |
|
Fixed Assets |
|
The subject's fixed assets increased
during the year by GBP 14,922,000 to GBP 41,641,000 and are now 46 % of total
assets compared with 44 % in the previous year. |
|
Long Term Liabilities |
|
The company's long term liabilities
increased during the period by 80% and are now 138 % of net worth compared
with 123 % in the previous period. |
|
Long Term Liabilities |
|
Long term liabilities are now 30 % of total
liabilities compared with 25 % in the previous period. |
|
Long Term Liabilities |
|
Long term liabilities are 58 % of capital
employed, an increase of 3 % over the previous period. |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.07 |
|
|
1 |
Rs.72.97 |
|
Euro |
1 |
Rs.63.57 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.