MIRA INFORM REPORT
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Report Date : |
10.09.2011 |
IDENTIFICATION DETAILS
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Name : |
BAUM TRADING LTD. |
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Registered Office : |
Devon Mill, Chapel Road, Hollinwood, Oldham, OL8 4QH |
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Country : |
United Kingdom |
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Financials (as on) : |
31.01.2011 |
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Date of Incorporation : |
07.06.1999 |
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Com. Reg. No.: |
03783046 |
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Legal Form : |
Private Parent Company |
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Line of Business : |
Garment and fashion accessory importer and distributor and trade
consultant/agent |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 & address
Baum Trading Ltd.
Chapel Road
Oldham, OL8 4QH
United Kingdom
Tel: 0161 682 2468
Fax: 0161 682 2460
Web: www.baumtrading.com
Synthesis
Employees: 36
Company Type: Private
Parent
Corporate Family: 5
Companies
Quoted Status: Non-quoted Company
Incorporation Date:
07-Jun-1999
Auditor: Clb Coopers
Financials in: USD
(Milloins)
Fiscal Year End:
31-Jan-2011
Reporting Currency: British
Pound Sterling
Annual Sales: 15.1 1
Net Income: 0.2
Total Assets: 7.0
Business Description
Garment and fashion accessory importer and distributor and trade
consultant/agent.
Industry
Industry Personal and Household Products
ANZSIC 2006: 3739 - Other Goods
Wholesaling Not Elsewhere Classified
NACE 2002: 5116 - Agents
involved in the sale of textiles, clothing, footwear and leather goods
NAICS 2002: 425120 - Wholesale
Trade Agents and Brokers
UK SIC 2003: 5116 - Agents
involved in the sale of textiles, clothing, footwear and leather goods
US SIC 1987: 5199 - Nondurable
Goods, Not Elsewhere Classified
Key Executives
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Name |
Title |
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Alan Parker |
Secretary |
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Nandas Shamji Varsani |
Director |
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Amarbai Nandas Varsani |
Director |
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Angela Weidenbaum |
Director |
|
Daniel Weidenbaum |
Director |
Financial Summary
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Registered No.(UK): 03783046
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6487866
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6243172
Corporate Overview
Location
Chapel Road
Oldham, OL8 4QH
Greater Manchester County
United Kingdom
Tel: 0161 682 2468
Fax: 0161 682 2460
Web: www.baumtrading.com
Sales GBP(mil): 9.8
Assets GBP(mil): 4.4
Employees: 36
Fiscal Year End: 31-Jan-2011
Industry: Personal and Household Products
Registered
Address:
Devon Mill
Chapel Road
Hollinwood
Oldham, OL8 4QH
United Kingdom
Incorporation Date: 07-Jun-1999
Company Type: Private Parent
Quoted Status: Not Quoted
Registered No.(UK): 03783046
Director: Nandas Shamji Varsani
Contents
· Industry Codes
· Business Description
· Financial Data
· Key Corporate Relationships
Industry Codes
ANZSIC 2006 Codes:
371 - Textile, Clothing and Footwear Wholesaling
3739 - Other Goods Wholesaling Not Elsewhere Classified
NACE 2002 Codes:
5142 - Wholesale of clothing and footwear
5116 - Agents involved in the sale of textiles, clothing, footwear
and leather goods
5190 - Other wholesale
5147 - Wholesale of other household goods
NAICS 2002 Codes:
425120 - Wholesale Trade Agents and Brokers
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
4232 - Furniture and Home Furnishing Merchant Wholesalers
423990 - Other Miscellaneous Durable Goods Merchant Wholesalers
US SIC 1987:
5199 - Nondurable Goods, Not Elsewhere Classified
513 - Apparel, Piece Goods, and Notions
5099 - Durable Goods, Not Elsewhere Classified
UK SIC 2003:
5142 - Wholesale of clothing and footwear
5116 - Agents involved in the sale of textiles, clothing, footwear
and leather goods
5190 - Other wholesale
5147 - Wholesale of other household goods
Business
Description
Garment and fashion accessory importer and distributor and trade
consultant/agent.
More Business
Descriptions
Import and Export Agents
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Corporate
Family |
Corporate
Structure News: |
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Total Corporate Family Members: 5 |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Oldham |
United Kingdom |
Personal and Household Products |
15.1 |
36 |
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Subsidiary |
Oldham |
United Kingdom |
Personal and Household Products |
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Subsidiary |
Oldham |
United Kingdom |
Personal and Household Products |
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Subsidiary |
Oldham |
United Kingdom |
Personal and Household Products |
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Subsidiary |
Oldham |
United Kingdom |
Miscellaneous Capital Goods |
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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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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: 0161 682 2468 |
Annual Return Date: 07 Jun 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 |
09 Feb 1933 |
Hillside 31 Prestwich Park Road, South Prestwich, |
26 Oct 2010 |
NA |
Current:2 |
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Current |
08 Jan 1967 |
Devon Mill, Chapel Road, |
09 May 2011 |
NA |
Current:1 |
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Current |
25 Sep 1960 |
Devon Mill, Chapel Road, |
01 Sep 2001 |
NA |
Current:2 |
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Current |
14 Sep 1955 |
Barnside Hedsor Road, |
18 Jul 2000 |
NA |
Current:3 |
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Current |
04 Apr 1958 |
Devon Mill Chapel Road, |
22 May 2000 |
NA |
Current:7 |
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Current |
14 Nov 1960 |
The Willows, 45 Prestwich Park Road Prestwich, |
07 Jun 1999 |
NA |
Current:6 |
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Previous |
28 Feb 1952 |
High Meadow 25 Stanhope Road, Bowdon, |
01 Sep 2001 |
04 Aug 2008 |
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 |
27 Apr 1962 |
Devon Mill, Chapel Road, |
03 Feb 2001 |
NA |
Current:5 |
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Previous |
14 Sep 1955 |
Barnside Hedsor Road, |
07 Jun 1999 |
03 Feb 2001 |
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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Rwl Registrars Limited |
Previous |
134 Regis House, 134 Percival Road, |
07 Jun 1999 |
07 Jun 1999 |
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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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David Weidenbaum |
12500 Ordinary GBP 1.00 |
Ordinary |
12,500 |
1.00 |
12,500.00 |
50.00 |
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Nandas Shamji Varsani |
12500 Ordinary GBP 1.00 |
Ordinary |
12,500 |
1.00 |
12,500.00 |
50.00 |
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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-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
31-Jan-2008 |
31-Jan-2007 |
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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 |
|
Exchange Rate
(Period Average) |
0.648787 |
0.635292 |
0.558389 |
0.499611 |
0.53864 |
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Consolidated |
No |
No |
No |
No |
No |
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Turnover (UK) |
0.0 |
- |
- |
- |
- |
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Turnover (Exports) |
15.1 |
- |
- |
- |
- |
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Total Turnover |
15.1 |
16.2 |
- |
- |
- |
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Cost of Sales |
11.5 |
12.7 |
- |
- |
- |
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Gross Profit |
3.6 |
3.6 |
2.7 |
3.9 |
3.5 |
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Depreciation |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
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Other Expenses |
3.0 |
2.5 |
2.3 |
3.2 |
3.3 |
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Other Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.3 |
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Interest Paid |
0.2 |
0.2 |
0.2 |
0.3 |
0.2 |
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Exceptional Income |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
- |
0.0 |
0.0 |
-0.1 |
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Profit Before Taxes |
0.5 |
0.9 |
0.1 |
0.4 |
0.3 |
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Tax Payable / Credit |
0.1 |
0.2 |
0.0 |
0.1 |
0.1 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
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Profit After Taxes |
0.2 |
0.6 |
0.0 |
0.2 |
0.1 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Number of Employees |
36 |
32 |
33 |
33 |
35 |
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Wages |
1.3 |
1.2 |
1.3 |
1.4 |
1.4 |
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Social Security Costs |
0.1 |
0.1 |
0.1 |
0.2 |
0.1 |
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Pensions |
- |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Pension Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Employees Remuneration |
1.4 |
1.3 |
1.4 |
1.6 |
1.5 |
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Directors Emoluments |
- |
0.2 |
0.3 |
0.4 |
0.4 |
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Other Costs |
- |
0.0 |
0.0 |
0.0 |
0.0 |
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Directors Remuneration |
0.3 |
0.2 |
0.3 |
0.4 |
0.4 |
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Highest Paid Director |
0.1 |
0.1 |
0.1 |
0.1 |
- |
Annual Balance Sheet
Financials
in: USD (mil)
|
|
31-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
31-Jan-2008 |
31-Jan-2007 |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.624317 |
0.624064 |
0.717437 |
0.503018 |
0.510882 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
0.3 |
0.4 |
0.3 |
0.5 |
0.5 |
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Fixtures & Fittings |
0.1 |
0.0 |
0.0 |
0.1 |
0.2 |
|
Plant & Vehicles |
0.2 |
0.1 |
0.1 |
0.2 |
0.1 |
|
Total Tangible Fixed Assets |
0.6 |
0.5 |
0.5 |
0.8 |
0.8 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Fixed Assets |
0.6 |
0.6 |
0.6 |
0.8 |
0.8 |
|
Stocks |
3.8 |
4.5 |
1.9 |
3.2 |
2.5 |
|
Work in Progress |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Stocks Work In Progress |
3.8 |
4.5 |
1.9 |
3.2 |
2.5 |
|
Trade Debtors |
2.4 |
2.6 |
2.1 |
2.1 |
2.4 |
|
Director Loans |
- |
0.0 |
0.0 |
- |
- |
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Other Debtors |
0.2 |
0.2 |
0.1 |
0.1 |
0.2 |
|
Total Debtors |
2.6 |
2.8 |
2.2 |
2.2 |
2.6 |
|
Cash and Equivalents |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Current Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Current Assets |
6.4 |
7.3 |
4.1 |
5.4 |
5.1 |
|
Total Assets |
7.0 |
7.9 |
4.7 |
6.2 |
5.9 |
|
Trade Creditors |
0.6 |
0.8 |
0.3 |
0.2 |
0.4 |
|
Bank Overdraft |
0.2 |
0.2 |
0.2 |
0.2 |
0.3 |
|
Director Loans (Current Liability) |
0.3 |
0.8 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Finance Lease (Current Liability) |
0.0 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.1 |
0.1 |
0.0 |
|
Total Short Term Loans |
- |
- |
- |
- |
2.3 |
|
Accruals/Deferred Income (Current Liability) |
0.5 |
0.4 |
0.1 |
0.2 |
0.3 |
|
Social Security/VAT |
0.1 |
0.1 |
0.0 |
0.2 |
0.0 |
|
Corporation Tax |
0.1 |
0.2 |
0.0 |
0.1 |
- |
|
Other Current Liabilities |
2.7 |
3.1 |
2.0 |
2.4 |
0.0 |
|
Total Current Liabilities |
4.5 |
5.6 |
2.7 |
3.4 |
3.3 |
|
Group Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Hire Purchase (Long Term Liability) |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Leasing (Long Term Liability) |
0.0 |
0.1 |
0.0 |
0.1 |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Other Long Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Other Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Long Term Liabilities |
0.1 |
0.1 |
0.0 |
0.1 |
0.0 |
|
Deferred Taxation |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
|
Issued Capital |
0.0 |
0.0 |
0.1 |
0.1 |
0.1 |
|
Share Premium Accounts |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
2.3 |
2.1 |
1.8 |
2.6 |
2.4 |
|
Other Reserves |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Shareholders Funds |
2.4 |
2.2 |
1.9 |
2.7 |
2.5 |
|
Net Worth |
2.3 |
2.2 |
1.9 |
2.7 |
2.5 |
Annual Cash Flows
Financials
in: USD (mil)
|
|
31-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
31-Jan-2008 |
31-Jan-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.648787 |
0.635292 |
0.558389 |
0.499611 |
0.53864 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
|
|
|
|
Net Cash Flow From Operating Activities |
1.6 |
-0.6 |
0.1 |
0.5 |
1.3 |
|
Net Cash Flow from ROI and Servicing of Finance |
-0.2 |
-0.2 |
-0.2 |
-0.3 |
-0.2 |
|
Taxation |
-0.2 |
0.0 |
-0.1 |
0.1 |
0.0 |
|
Capital Expenditures |
-0.1 |
0.0 |
-0.1 |
0.0 |
-0.1 |
|
Acquisitions and Disposals |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Paid Up Equity |
-0.2 |
-0.1 |
-0.1 |
-0.1 |
-0.1 |
|
Management of Liquid Resources |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Net Cash Flow From Financing |
-1.0 |
0.9 |
0.3 |
-0.1 |
-0.9 |
|
Increase in Cash |
0.0 |
0.0 |
0.0 |
0.1 |
0.0 |
Annual Ratios
Financials
in: USD (mil)
|
|
31-Jan-2011 |
31-Jan-2010 |
31-Jan-2009 |
31-Jan-2008 |
31-Jan-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.624317 |
0.624064 |
0.717437 |
0.503018 |
0.510882 |
|
Consolidated |
No |
No |
No |
No |
No |
|
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|
Current Ratio |
1.42 |
1.31 |
1.53 |
1.61 |
1.55 |
|
Liquidity Ratio |
0.58 |
0.50 |
0.82 |
0.66 |
0.81 |
|
Stock Turnover |
4.14 |
3.67 |
- |
- |
- |
|
Credit Period (Days) |
56.84 |
57.93 |
- |
- |
- |
|
Working Capital by Sales |
12.10% |
10.39% |
- |
- |
- |
|
Trade Credit by Debtors |
0.23 |
0.29 |
0.16 |
0.12 |
0.15 |
|
Return on Capital |
19.51% |
39.50% |
5.25% |
13.94% |
11.74% |
|
Return on Assets |
6.95% |
11.44% |
2.24% |
6.41% |
5.23% |
|
Profit Margin |
3.11% |
5.48% |
- |
- |
- |
|
Return on Shareholders Funds |
20.73% |
41.29% |
5.48% |
14.60% |
12.24% |
|
Borrowing Ratio |
26.11% |
50.00% |
13.82% |
12.37% |
105.69% |
|
Equity Gearing |
33.50% |
27.71% |
40.82% |
43.93% |
42.74% |
|
Debt Gearing |
4.18% |
2.71% |
2.59% |
3.07% |
1.95% |
|
Interest Coverage |
3.01 |
5.11 |
0.72 |
1.25 |
1.21 |
|
Sales by Tangible Assets |
27.52 |
30.40 |
- |
- |
- |
|
Average Remuneration per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Sales per Employee |
0.4 |
0.5 |
- |
- |
- |
|
Capital Employed per Employee |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Assets per Employee |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
Employee Remuneration by Sales |
9.61% |
8.12% |
- |
- |
- |
|
Creditor Days (Cost of Sales Based) |
17.27 |
21.87 |
- |
- |
- |
|
Creditor Days (Sales Based) |
13.17 |
17.07 |
- |
- |
- |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.38 |
|
UK Pound |
1 |
Rs.74.01 |
|
Euro |
1 |
Rs.64.48 |
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.