%20LTD%20%20%20-%20157069%2012-Oct-2011_files/image002.jpg){kind=small}
MIRA
INFORM REPORT
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Report Date : |
12.10.2011 |
IDENTIFICATION DETAILS
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Name : |
CHESHIRE LEATHER (UK) LTD. |
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Registered Office : |
Unit 3 Cobden Industrial Centre Quakers Coppice Crewe, CW1 6FA |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
03.03.2003 |
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Com. Reg. No.: |
04684594 |
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Legal Form : |
Private Independent |
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Line of Business : |
Manufacturing, tanning and dressing of leather |
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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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 and address
Cheshire Leather (UK) Ltd.
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Business
Description
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Manufacturing, tanning and dressing of leather. |
Industry
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Industry |
Apparel and Accessories |
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ANZSIC 2006: |
1320 - Leather Tanning, Fur Dressing and
Leather Product Manufacturing |
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NACE 2002: |
1910 - Tanning and dressing of leather |
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NAICS 2002: |
316110 - Leather and Hide Tanning and
Finishing |
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UK SIC 2003: |
1910 - Tanning and dressing of leather |
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US SIC 1987: |
3111 - Leather Tanning and Finishing |
Key Executives
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Financial
Summary
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6277937
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6592392
Corporate Overview
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Executives
Report
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Directors and Shareholders Report
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Main Office Address: |
Tel: 01270 251556 |
Annual Return Date: 03 Mar 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 |
29 Feb 1948 |
Willaston House The Paddock, Willaston, |
05 Mar 2003 |
NA |
Current:1 |
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Current |
08 Apr 1951 |
Willaston House The Paddock, Willaston, |
05 Mar 2003 |
NA |
Current:2 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Corporate Appointments Limited |
Previous |
16 Churchill Way, Cardiff, |
03 Mar 2003 |
05 Mar 2003 |
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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 |
08 Apr 1951 |
Willaston House The Paddock, Willaston, |
05 Mar 2003 |
NA |
Current:2 |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Secretarial Appointments Limited |
Previous |
16 Churchill Way, |
03 Mar 2003 |
05 Mar 2003 |
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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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Jason Thomas Walker |
100 Ordinary GBP 1.00 |
Ordinary |
100 |
1.00 |
100.00 |
10.00 |
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Thomas Walker |
450 Ordinary GBP 1.00 |
Ordinary |
450 |
1.00 |
450.00 |
45.00 |
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Valerie Ann Walker |
450 Ordinary GBP 1.00 |
Ordinary |
450 |
1.00 |
450.00 |
45.00 |
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Corporate Shareholders |
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There are no corporate shareholders for this company. |
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Annual Profit & Loss
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-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) |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
0.560422 |
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Consolidated |
No |
No |
No |
No |
No |
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Depreciation |
0.0 |
0.0 |
0.0 |
0.0 |
- |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-2006 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
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Exchange Rate |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
0.576518 |
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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 |
0.2 |
0.2 |
0.4 |
0.5 |
0.5 |
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Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.2 |
0.2 |
0.4 |
0.5 |
0.5 |
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Total Stocks Work In Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Debtors |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
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Cash and Equivalents |
0.3 |
0.4 |
0.4 |
0.3 |
0.3 |
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Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Current Assets |
0.5 |
0.4 |
0.6 |
0.5 |
0.5 |
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Total Assets |
0.7 |
0.7 |
1.0 |
1.0 |
1.0 |
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Other Current Liabilities |
0.2 |
0.3 |
0.5 |
0.6 |
0.7 |
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Total Current Liabilities |
0.2 |
0.3 |
0.5 |
0.6 |
0.7 |
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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 |
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 |
0.5 |
0.4 |
0.5 |
0.4 |
0.3 |
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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 |
0.5 |
0.4 |
0.5 |
0.4 |
0.3 |
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Net Worth |
0.3 |
0.2 |
0.1 |
-0.1 |
-0.2 |
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Annual Cash
Flows |
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Financials in:
USD (mil) |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-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) |
0.627794 |
0.592803 |
0.498361 |
0.528925 |
0.560422 |
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Consolidated |
No |
No |
No |
No |
No |
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Annual Ratios |
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Financials in:
USD (mil) |
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31-Mar-2010 |
31-Mar-2009 |
31-Mar-2008 |
31-Mar-2007 |
31-Mar-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 |
0.659239 |
0.697666 |
0.503145 |
0.509853 |
0.576518 |
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Consolidated |
No |
No |
No |
No |
No |
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Current Ratio |
2.25 |
1.55 |
1.11 |
0.83 |
0.72 |
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Liquidity Ratio |
2.12 |
1.47 |
1.04 |
0.80 |
0.70 |
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Equity Gearing |
69.02% |
58.97% |
48.15% |
41.18% |
34.41% |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.03 |
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1 |
Rs.76.60 |
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Euro |
1 |
Rs.66.80 |
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 |
-- |
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.