MIRA INFORM REPORT

 

 

Report Date :

03.08.2012

 

IDENTIFICATION DETAILS

 

Name :

NAMASTE - UK LTD.

 

 

Registered Office :

Unit D, Snaygill Industrial Estate, Skipton, BD23 2QR

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

14.03.2002

 

 

Com. Reg. No.:

04394688

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Wholesale of textiles clothing and footwear, and sea and coastal water transport and inland water transport

 

 

No. of Employees :

12

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

Status :

Moderate

Payment Behaviour :

Unknown

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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 name & address

 

Namaste - UK Ltd.

Snaygill Industrial Estate

Keighley Road

Skipton, BD23 2QR

United Kingdom

Tel:       01756700790

Fax:      01756700602

Web     www.namaste-uk.com

           

 

Synthesis

 

Employees:                  12

Company Type:            Private Independent

Quoted Status:             Non-quoted Company

Incorporation Date:         14-Mar-2002

Auditor:                        Walkers           

Financials in:                 USD (Millions)

Fiscal Year End:            31-Mar-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                1.6

 

 

Business Description     

 

Wholesale of textiles clothing and footwear, and sea and coastal water transport and inland water transport.

 

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   

 

Name

Title

Sam Brummitt

Proprietor

Gordon Trevor Nicoll

Secretary

Richard Michael Brummitt

Director

Rachel Marian Brummitt

Director

Jonathan Brummitt

Director

 

 

Financial Summary    

 

FYE: 31-Mar-2011          USD (mil)

Key Figures    

Current Assets  1.57

Fixed Assets     0.06

Total Liabilities   0.37

Net Worth         1.23

 

Key Ratios      

Current Ratio     4.22

Acid Test          1.73

 

 

Registered No.(UK): 04394688

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6433939

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6238497

 

 

Corporate Overview

 

Location

Snaygill Industrial Estate

Keighley Road

Skipton, BD23 2QR

North Yorkshire County

United Kingdom

Tel:       01756700790

Fax:      01756700602

Web:    www.namaste-uk.com

           

Sales GBP(mil):             NA

Assets GBP(mil):           1.0

Employees:                   12

Fiscal Year End:            31-Mar-2011

Industry:                        Personal and Household Products

           

Registered Address:

Unit D

Snaygill Industrial Estate

Skipton, BD23 2QR

United Kingdom

 

Incorporation Date:         14-Mar-2002

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       04394688

Proprietor:                     Sam Brummitt

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5116     -          Agents involved in the sale of textiles, clothing, footwear and leather goods

 

NAICS 2002 Codes:

425120  -          Wholesale Trade Agents and Brokers

 

US SIC 1987:

5199     -          Nondurable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5116     -          Agents involved in the sale of textiles, clothing, footwear and leather goods

 

Business Description

Wholesale of textiles clothing and footwear, and sea and coastal water transport and inland water transport.

 

More Business Descriptions

Clothing Wholesale and Suppliers

Financial Data

Financials in:

GBP(mil)

 

Assets:

1.0

Current Assets:

1.0

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

0.2

 

Issued Capital:

NaN

 

Working Capital:

0.7

 

Net Worth:

0.8

 

 

 

Date of Financial Data:

31-Mar-2011

 

1 Year Growth

4.0%

 

Key Corporate Relationships

Auditor:

Walkers

 

Auditor:

Walkers

 

 

 

 

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Rachel Marian Brummitt

 

Director

Director/Board Member

 

Age: 37

 

Jonathan Brummitt

 

Director

Director/Board Member

 

 

Age: 40

 

Richard Michael Brummitt

 

Director

Director/Board Member

. 

 

Age: 41

 

Susan Radford

 

Director

Director/Board Member

. 

 

Age: 48

 

 

Executives

 

Name

Title

Function

 

Sam Brummitt

 

Proprietor

President

 

Gordon Trevor Nicoll

 

Secretary

Company Secretary

. 

Age: 81

 



Directors and Shareholders Report

 

Main Office Address:
Snaygill Industrial Estate
Keighley Road
Skipton
United Kingdom BD23 2QR

Tel: 01756700790
Fax: 01756700602
URL:http://www.namaste-uk.com

Annual Return Date: 14 Mar 2012

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Richard Michael 
Brummitt

Current

17 Jan 1971

Salt Pie, 15 The Green, 
Settle, North Yorkshire BD24 9HL

09 Apr 2002

NA

Current:1
Previous:1
Disqualifications:0

 

Rachel Marian 
Brummitt

Current

16 Dec 1974

Unit D, Snaygill Industrial Estate, 
Skipton, North Yorkshire BD23 2QR

10 Aug 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Jonathan 
Brummitt

Current

12 Mar 1972

Unit D, Snaygill Industrial Estate, 
Skipton, North Yorkshire BD23 2QR

10 Aug 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Susan 
Radford

Current

04 Oct 1963

Unit D, Snaygill Industrial Estate, 
Skipton, North Yorkshire BD23 2QR

10 Aug 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Jeffrey 
Rawlings

Previous

24 Nov 1968

The Captains Cabin, Po Box 5017 23 Vickerman St, 
Port Nelson

09 Apr 2002

10 Aug 2010

Current:0
Previous:1
Disqualifications:0

 

Kathryn Nicola 
Brummitt

Previous

11 Jul 1967

The Captains Cabin, Po Box 5017 23 Vickerman St, 
Port Nelson

09 Apr 2002

10 Aug 2010

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Creditreform Limited

Previous

Ruskin Chambers, 191 Corporation Street, 
Birmingham, West Midlands B4 6RP

14 Mar 2002

09 Apr 2002

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Gordon Trevor 
Nicoll

Current

06 Jan 1931

Ivy Cottage, Burnsall, 
Skipton, North Yorkshire BD23 6BP

08 Feb 2006

NA

Current:2
Previous:1
Disqualifications:0

 

Richard Michael 
Brummitt

Previous

17 Jan 1971

Salt Pie, 15 The Green, 
Settle, North Yorkshire BD24 9HL

09 Apr 2002

08 Feb 2006

Current:1
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Creditreform (Secretaries) Limited

Previous

Ruskin Chambers, 191 Corporation Street, 
Birmingham, West Midlands B4 6RP

14 Mar 2002

09 Apr 2002

 

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Rachel Marian Brummitt

10 Ordinary GBP 1.00

Ordinary

10

1.00

10.00

18.87

Richard Michael Brummitt

43 Ordinary GBP 1.00

Ordinary

43

1.00

43.00

81.13

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

 

Annual Profit & Loss

 

Financials in: USD (mil) 

Except for share items (millions) and per share items (actual units)           

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.0

0.0

0.0

0.0

0.0

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.503145

0.509853

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.1

0.1

0.1

0.1

0.1

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.1

0.1

0.1

0.1

0.1

Total Stocks Work In Progress

0.9

0.8

0.5

0.8

0.8

Director Loans

0.0

-

0.1

-

-

Other Debtors

0.4

-

0.3

-

-

Total Debtors

0.4

0.6

0.4

0.2

0.2

Cash and Equivalents

0.2

0.1

0.2

0.2

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

1.6

1.5

1.1

1.2

1.0

Total Assets

1.6

1.5

1.2

1.3

1.1

Bank Overdraft

-

-

-

0.0

0.1

Other Current Liabilities

0.4

0.4

0.3

0.3

0.2

Total Current Liabilities

0.4

0.4

0.3

0.3

0.3

Other Long Term Liabilities

0.0

0.0

0.0

0.1

0.1

Total Long Term Liabilities

0.0

0.0

0.0

0.1

0.1

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

0.0

0.0

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

1.5

1.1

0.8

0.9

0.7

Other Reserves

-0.2

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

1.2

1.1

0.8

0.9

0.7

Net Worth

1.2

1.1

0.8

0.9

0.7

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.643394

0.627794

0.592803

0.498361

0.528925

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Mar-2011

31-Mar-2010

31-Mar-2009

31-Mar-2008

31-Mar-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.62385

0.659239

0.697666

0.503145

0.509853

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

4.22

3.92

3.67

4.56

3.04

Liquidity Ratio

1.73

1.80

1.87

1.47

0.59

Borrowing Ratio

-

-

-

-

14.22%

Equity Gearing

75.34%

73.69%

71.90%

71.64%

61.91%

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.78

UK Pound

1

Rs.86.75

Euro

1

Rs.68.32

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.