MIRA INFORM REPORT

 

 

Report Date :

04.08.2012

 

IDENTIFICATION DETAILS

 

Name :

FASHION LAB LTD

 

 

Registered Office :

66 Porchester Road, London, W2 6ET

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

17.09.2009

 

 

Com. Reg. No.:

07022432

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Wholesale, Retail; Certain Repair

 

 

No. of Employees :

Not Available 

 

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 :

Small Company 

Payment Behaviour :

No Complaints

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 

 

Fashion Lab Ltd

66 Porchester Road

London, W2 6ET

United Kingdom

 

 

Synthesis

 

Employees:                  NA

Company Type:            Private Independent

Quoted Status:              Non-quoted Company

Incorporation Date:         17-Sep-2009

Auditor:                        Ebs Chartered Accountants       

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               NA

Total Assets:                 7.9

 

 

Business Description     

 

Wholesale, Retail; Certain Repair

 

Industry

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    3739 - Other Goods Wholesaling Not Elsewhere Classified

NACE 2002:      5190 - Other wholesale

NAICS 2002:     423990 - Other Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:    5190 - Other wholesale

US SIC 1987:    5099 - Durable Goods, Not Elsewhere Classified

 

 

Key executive

 

Name

Title

Alice Wishart

Secretary

Jonathan David Sieff

Director

 

 

News 

 

Title

Date

USPTO ISSUES TRADEMARK: FLIPDD
U.S. Fed News (120 Words)

27-Jul-2012

LIM College's Fashion Lab Lets High School Students Spend the Summer Getting a Taste of NYC's Fashion World
Marketing Weekly News (375 Words)

5-Apr-2012

LIM College's Fashion Lab Lets High School Students Spend the Summer Getting a Taste of NYC's Fashion World
PR Newswire US (549 Words)

28-Mar-2012

THE STUDENTS WITH A PASSION FOR FASHION
Birmingham Evening Mail (UK) (276 Words)

15-Sep-2011

 

 

Financial Summary    

 

FYE: 31-Dec-2011          USD (mil)

Key Figures    

Current Assets              7.82

Fixed Assets                 0.10

Total Liabilities               7.50

Net Worth                     0.39

 

Key Ratios      

Current Ratio     1.04

Acid Test          1.04

 

Registered No.(UK):                   07022432

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.623776

2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6434593

 

 

Corporate Overview

 

Location

66 Porchester Road

London, W2 6ET

London County

United Kingdom

           

Sales GBP(mil):             NA

Assets GBP(mil):           5.1

Employees:                   NA

Fiscal Year End:            31-Dec-2011

Industry:                        Miscellaneous Capital Goods

           

Registered Address:

66 Porchester Road

London, W2 6ET

United Kingdom

 

Incorporation Date:         17-Sep-2009

Company Type:             Private Independent

Quoted Status:              Not Quoted

Registered No.(UK):       07022432

Secretary:                     Alice Wishart

 

Contents

Industry Codes

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

3739     -          Other Goods Wholesaling Not Elsewhere Classified

 

NACE 2002 Codes:

5190     -          Other wholesale

 

NAICS 2002 Codes:

423990  -          Other Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

5099     -          Durable Goods, Not Elsewhere Classified

 

UK SIC 2003:

5190     -          Other wholesale

 

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

5.1

Current Assets:

5.0

 

Fixed Assets:

0.1

 

Long Term Debt:

0.0

 

Total Liabilities:

4.8

 

Issued Capital:

0.0

 

Working Capital:

0.2

 

Net Worth:

0.3

 

 

 

Date of Financial Data:

31-Dec-2011

 

1 Year Growth

NA

 Top

Key Corporate Relationships

Auditor:

Ebs Chartered Accountants

 

Auditor:

Ebs Chartered Accountants

 

 

 

 

 

 

 Top

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Jonathan David Sieff

 

Director

Director/Board Member

 

Age: 46

 

 

Executives

 

Name

Title

Function

 

Alice Wishart

 

Secretary

Company Secretary

 

Age: 47

 

 

 

Directors and Shareholders Report

 

Main Office Address:
66 Porchester Road
London
United Kingdom W2 6ET

 

Annual Return Date: 17 Sep 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Jonathan David 
Sieff

Current

25 Jun 1966

26 Ilchester Place, West Kensington, 
West Kensington, London W14 8AA

17 Sep 2009

NA

Current:11
Previous:5
Disqualifications:0

 

Koray 
Gul

Previous

21 Jul 1972

66 Porchester Road, 
Paddington, London W2 6ET

01 Oct 2009

12 May 2011

Current:0
Previous:1
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

T Moda Investments

Previous

Prins Bernhardplein 200, 
Amsterdam, 1097 Jb

17 Sep 2009

01 Oct 2009

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Alice 
Wishart

Current

03 Jul 1965

Oak Tree Stables 309 High Road, Chilwell, 
Nottingham, Nottinghamshire NG9 5DL

17 Sep 2009

NA

Current:10
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

There are no corporate secretaries for this company.

 

 

Individual Shareholders

 

Name

Share Details 
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Andrew Webster

10 Ordinary GBP 1.00

Ordinary

10

1.00

10.00

5.00

Charlotte Rakowski

8 Ordinary GBP 1.00

Ordinary

8

1.00

8.00

4.00

Hayley Sieff

10 Ordinary GBP 1.00

Ordinary

10

1.00

10.00

5.00

Jonathan Sieff

172 Ordinary GBP 1.00

Ordinary

172

1.00

172.00

86.00

 

 

 

 

 

 

 

 

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-Dec-2011

31-Dec-2010

30-Sep-2010

Period Length

52 Weeks

13 Weeks

54 Weeks

Filed Currency

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623776

0.647573

0.64255

Consolidated

No

No

No

 

 

 

 

Depreciation

0.0

-

0.0

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

30-Sep-2010

Filed Currency

GBP

GBP

GBP

Exchange Rate

0.643459

0.638712

0.634598

Consolidated

No

No

No

 

 

 

 

Total Tangible Fixed Assets

0.1

0.0

0.0

Intangible Assets

0.0

0.0

0.0

Investments

0.0

0.0

0.0

Total Fixed Assets

0.1

0.0

0.0

Stocks

0.0

0.0

0.0

Work in Progress

0.0

0.0

0.0

Total Stocks Work In Progress

0.0

0.0

0.0

Total Debtors

5.9

0.1

0.4

Cash and Equivalents

1.9

0.5

0.1

Other Current Assets

0.0

0.0

0.0

Total Current Assets

7.8

0.6

0.5

Total Assets

7.9

0.6

0.5

Other Current Liabilities

7.5

1.1

0.2

Total Current Liabilities

7.5

1.1

0.2

Group Loans (Long Term Liability)

0.0

-

-

Director Loans (Long Term Liability)

0.0

-

-

Hire Purchase (Long Term Liability)

0.0

-

-

Leasing (Long Term Liability)

0.0

-

-

Total Hire Purchase Loans (Long Term Liability)

0.0

-

-

Other Long Term Loans

0.0

-

-

Accruals/Deferred Income (Long Term Liability)

0.0

-

0.3

Other Long Term Liabilities

0.0

0.2

0.2

Total Long Term Liabilities

0.0

0.2

0.4

Deferred Taxation

-

0.0

0.0

Other Provisions

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

Retained Earnings

0.4

-0.7

-0.2

Other Reserves

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

Total Shareholders Funds

0.4

-0.6

-0.2

Net Worth

0.4

-0.6

-0.2

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

30-Sep-2010

Period Length

52 Weeks

13 Weeks

54 Weeks

Filed Currency

GBP

GBP

GBP

Exchange Rate (Period Average)

0.623776

0.647573

0.64255

Consolidated

No

No

No

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Dec-2011

31-Dec-2010

30-Sep-2010

Period Length

52 Weeks

13 Weeks

54 Weeks

Filed Currency

GBP

GBP

GBP

Exchange Rate

0.643459

0.638712

0.634598

Consolidated

No

No

No

 

 

 

 

Current Ratio

1.04

0.53

2.20

Liquidity Ratio

1.04

0.53

2.20

Equity Gearing

4.95%

-102.81%

-39.88%

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.56.08

UK Pound

1

Rs.87.03

Euro

1

Rs.68.36

 

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.