MIRA INFORM REPORT
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Report Date : |
03.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ADVANCED DYEING SOLUTIONS LTD. |
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Registered Office : |
Unit T5 Bretton Street, Enterprise Centre, Bretfield Court Dewsbury, Dewsbury, WF12 9DB |
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Country : |
United Kingdom |
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Financials (as on) : |
28.02.2010 |
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Date of Incorporation : |
20.02.2001 |
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Com. Reg. No.: |
04163754 |
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Legal Form : |
Private Independent Company |
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Line of Business : |
Repair and non store retail sale |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – September 30th, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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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 name & address
Advanced Dyeing Solutions Ltd.
Bretton Street Enterprise Centre
Bretton Street
Dewsbury, WF12 9DB
United Kingdom
Tel: 01924 463597
Fax: 01924 466225
Web www.adsltd.net
Synthesis
Employees: 6
Company Type: Private Independent
Quoted Status: Non-quoted Company
Incorporation Date:
20-Feb-2001
Auditor: Clough And Co LLP
Financials in: USD
(Millions)
Fiscal Year End:
28-Feb-2010
Reporting Currency: British
Pound Sterling
Annual Sales: NA
Total Assets: 1.1
Business Description
Repair and non store retail sale.
Industry
Industry Retail (Catalog and Mail Order)
ANZSIC 2006: 4310 - Non-Store
Retailing
NACE 2002: 5263 - Other
non-store retail sale
NAICS 2002: 454 - Nonstore
Retailers
UK SIC 2003: 5263 - Other
non-store retail sale
US SIC 1987: 596 - Nonstore
Retailers
Key Executives
Name Title
Philip Cox Managing
Director
Sean Francis O'Neill Secretary
Peter Philip Cox Director
Graham Dixon Director
Financial Summary
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Registered No.(UK): 04163754
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6312435
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6568576
Corporate Overview
Location
Bretton Street Enterprise Centre
Bretton Street
Dewsbury, WF12 9DB
West Yorkshire County
United Kingdom
Tel: 01924 463597
Fax: 01924 466225
Web: www.adsltd.net
Sales GBP(mil): NA
Assets GBP(mil): 0.7
Employees: 6
Fiscal Year End: 28-Feb-2010
Industry: Retail
(Catalog and Mail Order)
Registered
Address:
Unit T5 Bretton Street
Enterprise Centre
Bretfield Court Dewsbury
Dewsbury, WF12 9DB
United Kingdom
Incorporation Date: 20-Feb-2001
Company Type: Private
Independent
Quoted Status: Not
Quoted
Registered No.(UK): 04163754
Director: Peter
Philip Cox
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
4310 - Non-Store Retailing
9429 - Other Machinery and Equipment Repair and Maintenance
9539 - Other Personal Services Not Elsewhere Classified
NACE 2002 Codes:
9305 - Other service activities not elsewhere classified
5274 - Repair not elsewhere classified
5263 - Other non-store retail sale
NAICS 2002 Codes:
454 - Nonstore Retailers
811490 - Other Personal and Household Goods Repair and Maintenance
8129 - Other Personal Services
US SIC 1987:
7299 - Miscellaneous Personal Services, Not Elsewhere Classified
596 - Nonstore Retailers
7699 - Repair Shops and Related Services, Not Elsewhere Classified
UK SIC 2003:
9305 - Other service activities not elsewhere classified
5263 - Other non-store retail sale
5274 - Repair not elsewhere classified
Business
Description
Repair and non store retail sale.
More Business
Descriptions
Textile Manufacturers
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executive report
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Board of Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Managing Director |
Managing Director |
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Secretary |
Company Secretary |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 01924
463597 |
Annual
Return Date: 20 Feb 2011 |
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Individual Directors |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
06 Jun 1967 |
3 Birchfields Garth, |
20 Feb 2001 |
NA |
Current:3 |
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Current |
08 Dec 1949 |
20 Elm Road, Wrose, |
20 Feb 2001 |
NA |
Current:2 |
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Current |
31 Oct 1962 |
Unit T5 Bretton Street Enterprise Centre, Bretfield Court, |
26 Mar 2001 |
NA |
Current:2 |
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Previous |
03 Mar 1967 |
Nabdayleane, 37A Nab Lane, |
NA |
26 Mar 2001 |
Current:0 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Energize Director Limited |
Previous |
31 Buxton Road, |
20 Feb 2001 |
20 Feb 2001 |
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Individual Secretaries |
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
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Current |
06 Jun 1967 |
3 Birchfields Garth, |
20 Feb 2001 |
NA |
Current:3 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Energize Secretary Limited |
Previous |
31 Buxton Road, |
20 Feb 2001 |
20 Feb 2001 |
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Individual Shareholders |
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Name |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
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Graham Dixon |
10 Ordinary GBP 1.00 |
Ordinary |
10 |
1.00 |
10.00 |
10.00 |
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Linda Cox |
20 Ordinary GBP 1.00 |
Ordinary |
20 |
1.00 |
20.00 |
20.00 |
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Linda Dixon |
10 Ordinary GBP 1.00 |
Ordinary |
10 |
1.00 |
10.00 |
10.00 |
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Peter Philip Cox |
20 Ordinary GBP 1.00 |
Ordinary |
20 |
1.00 |
20.00 |
20.00 |
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Raquel O Neill |
20 Ordinary GBP 1.00 |
Ordinary |
20 |
1.00 |
20.00 |
20.00 |
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Sean F O'Neill |
20 Ordinary GBP 1.00 |
Ordinary |
20 |
1.00 |
20.00 |
20.00 |
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Annual Profit & Loss
Financials in: USD
(mil),
Except for share
items (millions) and per share items (actual units),
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28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
28-Feb-2006 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate (Period
Average) |
0.631243 |
0.575434 |
0.499536 |
0.533995 |
0.556261 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD (mil)
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28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
28-Feb-2006 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.656858 |
0.701582 |
0.502715 |
0.510269 |
0.571021 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Tangible Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Stocks Work In Progress |
0.2 |
0.3 |
0.4 |
0.5 |
0.2 |
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Total Debtors |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
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Cash and Equivalents |
0.7 |
0.5 |
0.7 |
0.7 |
0.5 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
1.1 |
0.9 |
1.2 |
1.3 |
0.8 |
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Total Assets |
1.1 |
0.9 |
1.2 |
1.3 |
0.8 |
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Director Loans (Current Liability) |
- |
0.0 |
- |
- |
- |
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Other Current Liabilities |
0.3 |
0.2 |
0.2 |
0.4 |
0.3 |
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Total Current Liabilities |
0.3 |
0.2 |
0.2 |
0.4 |
0.3 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Deferred Taxation |
0.0 |
0.0 |
- |
0.0 |
0.0 |
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Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Issued Capital |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Retained Earnings |
0.8 |
0.8 |
1.0 |
0.9 |
0.6 |
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Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
0.8 |
0.8 |
1.0 |
0.9 |
0.6 |
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Net Worth |
0.8 |
0.8 |
1.0 |
0.9 |
0.6 |
Annual Cash Flows
Financials in: USD (mil)
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28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
28-Feb-2006 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate (Period
Average) |
0.631243 |
0.575434 |
0.499536 |
0.533995 |
0.556261 |
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Consolidated |
No |
No |
No |
No |
No |
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Annual Ratios
Financials in: USD
(mil)
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28-Feb-2010 |
28-Feb-2009 |
29-Feb-2008 |
28-Feb-2007 |
28-Feb-2006 |
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Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.656858 |
0.701582 |
0.502715 |
0.510269 |
0.571021 |
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Consolidated |
No |
No |
No |
No |
No |
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Current Ratio |
3.92 |
5.52 |
5.77 |
3.05 |
3.08 |
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Liquidity Ratio |
3.07 |
3.89 |
4.06 |
1.98 |
2.46 |
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Equity Gearing |
74.65% |
82.03% |
82.86% |
67.35% |
67.76% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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UK Pound |
1 |
Rs.78.73 |
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Euro |
1 |
Rs.67.64 |
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.