%20LTD%20%20%20%20-%20157101%2013-Oct-2011_files/image002.jpg){kind=small}
MIRA INFORM REPORT
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Report Date : |
13.10.2011 |
IDENTIFICATION DETAILS
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Name : |
SKNL (UK) LTD. |
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Registered Office : |
C/O Littlejohn 2Nd Floor, 1 Westferry Circus Canary Whar, London, E14
4HD |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
16.12.2008 |
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Com. Reg. No.: |
0677 |
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Legal Form : |
Private Subsidiary Company |
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Line of Business : |
Design, manufacture and sale of men's apparel and accessories under license from dkny new york. |
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 : |
Unknown |
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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
Sknl (UK) Ltd.
C/O Littlejohn 2Nd Floor
1 Westferry Circus Canary Whar
London, E14 4HD
United Kingdom
Tel: 020 7908 7700
Synthesis
Employees: 31
Company Type: Private Subsidiary
Corporate Family: 2 Companies
Ultimate Parent: Sknl Global Holdings B V
Quoted Status: Non-quoted Company
Incorporation Date:
16-Dec-2008
Auditor: Bdo LLP
Financials in: USD
(Millions)
Fiscal Year End:
31-Mar-2010
Reporting Currency: British
Pound Sterling
Annual Sales:
7.9 1
Net Income: (4.3)
Total Assets: 10.1
Business Description
Design, manufacture and sale of men's apparel and accessories under
license from dkny new york.
Industry
Industry Apparel and Accessories
ANZSIC 2006: 371 - Textile,
Clothing and Footwear Wholesaling
NACE 2002: 5142 - Wholesale
of clothing and footwear
NAICS 2002: 4243 - Apparel,
Piece Goods, and Notions Merchant Wholesalers
UK SIC 2003: 5142 - Wholesale
of clothing and footwear
US SIC 1987: 513 - Apparel,
Piece Goods, and Notions
Key Executives
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Name |
Title |
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Atul Kumar Gupta |
Secretary |
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Anees Fazalbhoy |
Director |
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Jyoti Kassliwal |
Director |
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Michael Maurice Morris |
Director |
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Eugene Alan Rothkopf |
Director |
Registered No.(UK): 0677
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6277937
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6592392
Corporate Overview
Location
C/O Littlejohn 2Nd Floor
1 Westferry Circus Canary Whar
London, E14 4HD
London County
United Kingdom
Tel: 020 7908 7700
Sales GBP(mil): 5.0
Assets GBP(mil): 6.6
Employees: 31
Fiscal Year End: 31-Mar-2010
Industry: Apparel
and Accessories
Incorporation Date: 16-Dec-2008
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Registered No.(UK): 06774483
Director: Anees
Fazalbhoy
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
· Gazette Status
Industry Codes
ANZSIC 2006 Codes:
371 - Textile, Clothing and Footwear Wholesaling
NACE 2002 Codes:
5142 - Wholesale of clothing and footwear
NAICS 2002 Codes:
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
US SIC 1987:
513 - Apparel, Piece Goods, and Notions
UK SIC 2003:
5142 - Wholesale of clothing and footwear
Business
Description
Design, manufacture and sale of men's apparel and accessories under
license from dkny new york.
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Corporate Family |
Corporate
Structure News: |
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Total Corporate Family Members: 2 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Sknl Global Holdings B V |
Parent |
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Subsidiary |
London |
United Kingdom |
Apparel and Accessories |
7.9 |
31 |
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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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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Executives |
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Secretary |
Company Secretary |
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Directors and Shareholders Report
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Main Office
Address: |
Tel: 020 7908 7700 |
Annual Return Date: 16 Dec 2010 |
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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 |
04 Mar 1935 |
Sknl House 19-20 Berners Street, |
18 Mar 2010 |
NA |
Current:1 |
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Current |
NA |
Glamis Villa 63N-B. Desai Road, |
19 Dec 2008 |
NA |
Current:1 |
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Current |
03 Aug 1945 |
5 Pipers Green Lane, Brockley Hill, |
19 Nov 2009 |
NA |
Current:3 |
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Current |
NA |
26 Catherine Place, |
29 Apr 2009 |
NA |
Current:1 |
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Current |
18 Jan 1969 |
53 Woodcock Dell Avenue, |
24 Feb 2009 |
NA |
Current:5 |
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Previous |
NA |
185 Adelaide Road, |
16 Dec 2008 |
13 Feb 2009 |
Current:0 |
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Corporate Directors |
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There are no corporate directors for this company. |
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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 |
18 Jan 1969 |
53 Woodcock Dell Avenue, |
14 Jul 2009 |
NA |
Current:5 |
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Previous |
04 Oct 1956 |
185 Adelaide Road, |
16 Dec 2008 |
14 Jul 2009 |
Current:2 |
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Corporate Secretaries |
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There are no corporate secretaries for this company. |
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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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Donna Karan Company Stores UK Holdings Limited |
2000 B Ordinary GBP 1.00 |
B Ordinary |
2,000 |
1.00 |
2,000.00 |
20.00 |
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SKNL Global Holdings BV |
8000 A Ordinary GBP 1.00 |
A Ordinary |
8,000 |
1.00 |
8,000.00 |
80.00 |
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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
Financials in: USD (mil)
Except for share items (millions) and per share items
(actual units)
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31-Mar-2010 |
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Period Length |
67 Weeks |
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Filed Currency |
GBP |
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Exchange Rate (Period
Average) |
0.627794 |
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Consolidated |
Yes |
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Turnover (UK) |
1.6 |
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Turnover (Exports) |
6.3 |
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Total Turnover |
7.9 |
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Cost of Sales |
4.2 |
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Gross Profit |
3.8 |
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Depreciation |
0.1 |
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Other Expenses |
7.9 |
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Operating Profit |
-4.1 |
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Other Income |
0.0 |
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Interest Paid |
0.2 |
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Exceptional Income |
0.0 |
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Discontinued Operations |
0.0 |
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Profit Before Taxes |
-4.3 |
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Tax Payable / Credit |
0.0 |
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Extraordinary Items/Debits |
0.0 |
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Dividends |
0.0 |
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Profit After Taxes |
-4.3 |
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Minority Interests (Profit & Loss) |
0.0 |
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Audit Fees |
0.1 |
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Non Audit Fees |
0.0 |
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Number of Employees |
31 |
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Wages |
3.8 |
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Social Security Costs |
0.4 |
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Other Pension Costs |
0.0 |
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Employees Remuneration |
4.2 |
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Directors Remuneration |
1.0 |
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Highest Paid Director |
0.7 |
Annual Balance Sheet
Financials in: USD (mil)
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|
31-Mar-2010 |
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Filed Currency |
GBP |
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Exchange Rate |
0.659239 |
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Consolidated |
Yes |
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Land & Buildings |
0.2 |
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Fixtures & Fittings |
0.4 |
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Plant & Vehicles |
0.0 |
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Total Tangible Fixed Assets |
0.6 |
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Intangible Assets |
1.2 |
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Investments |
0.0 |
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Total Fixed Assets |
1.8 |
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Stocks |
2.9 |
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Work in Progress |
0.0 |
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Total Stocks Work In Progress |
2.9 |
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Trade Debtors |
1.2 |
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Inter-Company Debtors |
2.7 |
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Director Loans |
0.0 |
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Other Debtors |
1.5 |
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Total Debtors |
5.4 |
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Cash and Equivalents |
0.0 |
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Other Current Assets |
0.0 |
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Total Current Assets |
8.3 |
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Total Assets |
10.1 |
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Trade Creditors |
1.7 |
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Bank Overdraft |
0.0 |
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Inter-Company Creditors |
0.2 |
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Director Loans (Current Liability) |
0.0 |
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Hire Purchase (Current Liability) |
0.0 |
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Finance Lease (Current Liability) |
0.0 |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
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Total Short Term Loans |
0.8 |
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Accruals/Deferred Income (Current Liability) |
0.7 |
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Social Security/VAT |
0.8 |
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Corporation Tax |
0.0 |
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Dividends (Current Liability) |
0.0 |
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Other Current Liabilities |
0.0 |
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Total Current Liabilities |
4.3 |
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Group Loans (Long Term Liability) |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
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Other Long Term Loans |
6.0 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
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Other Long Term Liabilities |
0.0 |
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Total Long Term Liabilities |
6.0 |
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Deferred Taxation |
0.0 |
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Other Provisions |
0.0 |
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Total Provisions |
0.0 |
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Issued Capital |
0.0 |
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Share Premium Accounts |
3.8 |
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Revaluation Reserve |
0.0 |
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Retained Earnings |
-4.1 |
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Other Reserves |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
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Total Shareholders Funds |
-0.3 |
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Net Worth |
-1.5 |
Annual Cash Flows
Financials in: USD (mil)
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|
31-Mar-2010 |
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Period Length |
67 Weeks |
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Filed Currency |
GBP |
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Exchange Rate (Period
Average) |
0.627794 |
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Consolidated |
Yes |
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Net Cash Flow From Operating Activities |
-8.6 |
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Net Cash Flow from ROI and Servicing of Finance |
-0.1 |
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Taxation |
0.0 |
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Capital Expenditures |
-1.2 |
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Acquisitions and Disposals |
0.0 |
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Paid Up Equity |
0.0 |
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Management of Liquid Resources |
0.0 |
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Net Cash Flow From Financing |
9.9 |
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Increase in Cash |
0.0 |
Annual Ratios
Financials in: USD (mil)
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|
31-Mar-2010 |
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Period Length |
67 Weeks |
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Filed Currency |
GBP |
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Exchange Rate |
0.659239 |
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Consolidated |
Yes |
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Current Ratio |
1.92 |
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Liquidity Ratio |
1.25 |
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Stock Turnover |
2.04 |
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Credit Period (Days) |
73.58 |
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Working Capital by Sales |
67.53% |
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Trade Credit by Debtors |
1.48 |
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Return on Capital |
-54.86% |
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Return on Assets |
-31.27% |
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Profit Margin |
-53.67% |
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Borrowing Ratio |
-484.83% |
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Equity Gearing |
-3.06% |
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Debt Gearing |
-414.34% |
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Interest Coverage |
-25.91 |
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Sales by Tangible Assets |
9.37 |
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Average Remuneration per Employee |
0.1 |
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Profit per Employee |
-0.1 |
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Sales per Employee |
0.2 |
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Capital Employed per Employee |
0.2 |
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Tangible Assets per Employee |
0.0 |
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Total Assets per Employee |
0.3 |
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Employee Remuneration by Sales |
52.81% |
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Creditor Days (Cost of Sales Based) |
206.45 |
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Creditor Days (Sales Based) |
108.73 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.24 |
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UK Pound |
1 |
Rs.76.80 |
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Euro |
1 |
Rs.67.17 |
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 |
|
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 |
|
<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.