MIRA
INFORM REPORT
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Report Date : |
07.02.2012 |
IDENTIFICATION DETAILS
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Name : |
NO ORDINARY DESIGNER LABEL LTD. |
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Registered Office : |
The Ugly Brown Building, 6A St Pancras Way,
London, NW1 0TB |
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Country : |
United Kingdom |
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Financials (as on) : |
29.01.2011 |
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Date of Incorporation : |
08.06.1990 |
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Com. Reg. No.: |
02509755 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Clothing Retailers |
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No. of Employees : |
1,547 |
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 – September 30, 2011
|
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 and address
No Ordinary Designer Label Ltd.
9-10 Floral Street
London, WC2E 9HW
United Kingdom
(Trading Address)
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Employees: |
1,547 |
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Company Type: |
Private Subsidiary |
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Corporate
Family: |
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Ultimate Parent: |
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Quoted Status: |
Non-quoted Company |
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Incorporation
Date: |
08-Jun-1990 |
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Auditor: |
KPMG Audit PLC |
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Fiscal Year End: |
29-Jan-2011 |
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Reporting
Currency: |
British Pound Sterling |
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Annual Sales: |
277.3 1
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Net Income: |
17.5 |
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Total Assets: |
194.7 |
Business Description
No Ordinary Designer Label Ltd., a private subsidiary of Ted Baker PLC,
engages in the retail sale of clothing. Ted Baker PLC is one of the United
Kingdom’s largest retail companies. The company’s products are summarised
using five categories. The women’s wear segment consists of accessories,
dresses, knitwear, outerwear, skirts, trousers and woven tops. Its men’s wear
line includes jackets, shirts, shoes and trousers. Ted Baker’s watch sector
features both men’s and women’s watches. The company’s fragrances
department offers fragrances for men and women. Its home wares division carries
a range of bath towels, double duvets, king duvets and pillowcases. No Ordinary
Designer Label Ltd., incorporated in 1990, maintains its head offices in
London.
Industry
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Industry |
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ANZSIC 2006: |
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NACE 2002: |
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NAICS 2002: |
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UK SIC 2003: |
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US SIC 1987: |
Key Executives (Emails
Available)
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Financial Summary
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Registered No.(UK):
02509755
1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6487665
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6311538
Corporate Overview
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Sales GBP(mil): |
179.9 |
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Assets GBP(mil): |
122.9 |
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Employees: |
1,547 |
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Fiscal Year End: |
29-Jan-2011 |
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Industry: |
Retail (Apparel) |
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Registered Address: |
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Incorporation Date: |
08-Jun-1990 |
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Company Type: |
Private Subsidiary |
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Quoted Status: |
Not Quoted |
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Registered No.(UK): |
02509755 |
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Director: |
Matthew Ashby |
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Contents |
Industry
Codes
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Business
Description
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More Business Descriptions
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Financial
Data
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Key Corporate Relationships
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Corporate Family |
Corporate Structure News: |
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No Ordinary Designer Label Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
London |
United Kingdom |
Retail (Apparel) |
289.3 |
1,700 |
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Subsidiary |
London |
United Kingdom |
Retail (Apparel) |
277.3 |
1,547 |
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Subsidiary |
London |
United Kingdom |
Nonclassifiable Industries |
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300 |
Board of Directors
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Directors
and Shareholders Report
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Main Office Address: |
Tel: 0161 832 3414 |
Annual Return Date: 08 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 |
08 Oct 1971 |
The Ugly Brown Building, 6A St Pancras Way, |
01 Apr 2010 |
NA |
Current:1 |
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Current |
09 Mar 1971 |
Flat 2B 1 Hyde Park Street, |
16 Apr 2008 |
NA |
Current:1 |
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Current |
06 May 1962 |
Selden Court France Lane, |
25 Jun 1997 |
NA |
Current:1 |
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Current |
11 Dec 1955 |
Northsyde House 35 Coolhurst Road, |
08 Jun 1991 |
NA |
Current:5 |
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Current |
14 Mar 1955 |
21 Danehurst Gardens, |
25 Jun 1997 |
NA |
Current:1 |
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Current |
27 Mar 1962 |
52 Corringham Road, |
25 Jun 1997 |
NA |
Current:1 |
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Current |
03 Aug 1958 |
4 Park Village West, |
17 Feb 1997 |
NA |
Current:6 |
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Current |
20 Jun 1970 |
4 Purley Knoll, |
10 Jun 2003 |
NA |
Current:1 |
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Current |
17 Sep 1959 |
The Bee House, Hanbury Lane, |
10 Jun 2003 |
NA |
Current:1 |
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Current |
05 Apr 1967 |
Stone Cliffe Farm Stone, |
01 Nov 2000 |
NA |
Current:1 |
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Previous |
15 Jul 1966 |
1 South Croxted Road, West Dulwich, |
15 Aug 2007 |
13 May 2010 |
Current:1 |
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Previous |
02 May 1943 |
Valrosa Chinnor Road, Aston Rowant, |
NA |
31 Jan 1993 |
Current:0 |
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Previous |
19 Jan 1959 |
Snooks Barn, Church Lane Farley Hill, |
25 Jun 1997 |
30 Jun 2001 |
Current:1 |
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Previous |
12 Jun 1966 |
Flat 2 49 Lewisham Hill, |
25 Jun 1997 |
25 Aug 2000 |
Current:0 |
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Previous |
30 Jan 1950 |
Basement Flat 69 Chepstow Road, |
03 Sep 2001 |
31 May 2007 |
Current:1 |
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Previous |
17 Jul 1971 |
Flat 11B Torriano Avenue, Kentish Town, |
01 Nov 2000 |
03 May 2001 |
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 |
25 Aug 1951 |
49 Bassingham Road, |
08 Jun 1993 |
NA |
Current:1 |
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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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There are no individual shareholders for this company. |
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Corporate Shareholders |
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Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
03393836 |
300000 Ordinary GBP 1.00 |
Ordinary |
300,000 |
1.00 |
300,000.00 |
100.00 |
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29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
27-Jan-2007 |
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Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.648767 |
0.635548 |
0.558389 |
0.499706 |
0.539226 |
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Consolidated |
No |
No |
No |
No |
No |
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Total Turnover |
277.3 |
245.8 |
261.4 |
273.4 |
219.7 |
|
Cost of Sales |
112.9 |
97.2 |
112.9 |
120.7 |
94.6 |
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Gross Profit |
164.4 |
148.6 |
148.5 |
152.7 |
125.1 |
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Depreciation |
8.4 |
8.6 |
9.3 |
8.4 |
6.2 |
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Other Expenses |
131.1 |
120.3 |
123.9 |
119.5 |
95.1 |
|
Other Income |
10.4 |
9.2 |
12.2 |
12.3 |
8.1 |
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Interest Paid |
0.2 |
0.6 |
0.5 |
0.9 |
1.5 |
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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 |
0.0 |
0.0 |
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Profit Before Taxes |
43.4 |
36.9 |
36.3 |
44.6 |
36.6 |
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Tax Payable / Credit |
12.1 |
10.7 |
9.8 |
13.7 |
11.1 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Dividends |
13.9 |
35.9 |
17.2 |
18.4 |
9.9 |
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Profit After Taxes |
17.5 |
-9.6 |
9.2 |
12.5 |
15.6 |
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Audit Fees |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
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Non Audit Fees |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Number of Employees |
1,547 |
1,477 |
1,560 |
1,423 |
1,260 |
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Wages |
42.7 |
39.6 |
- |
45.0 |
35.7 |
|
Social Security Costs |
3.8 |
3.6 |
- |
4.1 |
3.3 |
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Pensions |
0.3 |
0.2 |
0.2 |
0.2 |
0.2 |
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Other Pension Costs |
1.3 |
0.9 |
- |
1.1 |
1.0 |
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Employees Remuneration |
47.7 |
44.0 |
48.2 |
50.2 |
40.1 |
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Directors Emoluments |
3.3 |
3.0 |
2.1 |
2.0 |
2.4 |
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Other Costs |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Directors Remuneration |
3.6 |
3.2 |
2.4 |
2.3 |
2.6 |
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Highest Paid Director |
- |
0.7 |
0.5 |
0.5 |
0.7 |
Annual Balance Sheet
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Financials in: USD (mil) |
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|
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
27-Jan-2007 |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
0.510334 |
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Consolidated |
No |
No |
No |
No |
No |
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Land & Buildings |
22.0 |
- |
- |
- |
17.7 |
|
Fixtures & Fittings |
11.0 |
- |
- |
- |
12.5 |
|
Plant & Vehicles |
0.0 |
- |
- |
- |
0.1 |
|
Total Tangible Fixed Assets |
33.0 |
33.6 |
33.4 |
38.1 |
30.3 |
|
Intangible Assets |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Investments |
16.7 |
15.7 |
13.7 |
2.4 |
0.6 |
|
Total Fixed Assets |
49.6 |
49.3 |
47.1 |
40.4 |
31.0 |
|
Stocks |
57.3 |
45.7 |
41.9 |
- |
46.1 |
|
Work in Progress |
1.3 |
1.2 |
0.7 |
- |
2.1 |
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Total Stocks Work In Progress |
58.6 |
46.9 |
42.6 |
50.5 |
48.2 |
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Trade Debtors |
27.7 |
23.1 |
22.9 |
13.1 |
11.9 |
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Inter-Company Debtors |
29.3 |
13.3 |
10.4 |
20.3 |
22.5 |
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Director Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Other Debtors |
12.5 |
7.7 |
5.2 |
14.4 |
11.0 |
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Total Debtors |
69.5 |
44.1 |
38.5 |
47.8 |
45.4 |
|
Cash and Equivalents |
16.3 |
19.5 |
4.2 |
21.4 |
16.5 |
|
Other Current Assets |
0.6 |
0.9 |
3.6 |
1.5 |
0.4 |
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Total Current Assets |
145.1 |
111.4 |
88.9 |
121.3 |
110.4 |
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Total Assets |
194.7 |
160.7 |
136.0 |
161.7 |
141.4 |
|
Trade Creditors |
28.5 |
15.1 |
22.1 |
25.7 |
21.6 |
|
Bank Overdraft |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Inter-Company Creditors |
39.4 |
38.8 |
12.9 |
17.5 |
20.6 |
|
Director Loans (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Finance Lease (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Finance Lease/Hire Purchase (Current Liability) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Short Term Loans |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Accruals/Deferred Income (Current Liability) |
19.0 |
17.3 |
12.1 |
7.2 |
9.2 |
|
Social Security/VAT |
4.0 |
4.5 |
4.6 |
14.9 |
0.0 |
|
Corporation Tax |
6.0 |
5.6 |
5.4 |
0.0 |
9.8 |
|
Other Current Liabilities |
0.7 |
0.5 |
0.0 |
0.7 |
0.6 |
|
Total Current Liabilities |
97.5 |
81.8 |
57.1 |
66.1 |
61.7 |
|
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 |
|
Total Long Term Liabilities |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Deferred Taxation |
2.5 |
2.1 |
0.8 |
1.7 |
0.1 |
|
Other Provisions |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Total Provisions |
2.5 |
2.1 |
0.8 |
1.7 |
0.1 |
|
Issued Capital |
0.5 |
0.5 |
0.4 |
0.6 |
0.6 |
|
Share Premium Accounts |
0.6 |
0.6 |
0.6 |
0.8 |
0.8 |
|
Revaluation Reserve |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Retained Earnings |
93.9 |
75.7 |
74.7 |
92.0 |
78.4 |
|
Other Reserves |
-0.2 |
0.0 |
2.4 |
0.5 |
-0.2 |
|
Minority Interests (Balance Sheet) |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
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Total Shareholders Funds |
94.7 |
76.8 |
78.1 |
93.9 |
79.6 |
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Net Worth |
94.7 |
76.8 |
78.1 |
93.9 |
79.6 |
Annual
Cash Flows
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Financials in:
USD (mil) |
|
|
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
27-Jan-2007 |
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Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
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Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.648767 |
0.635548 |
0.558389 |
0.499706 |
0.539226 |
|
Consolidated |
No |
No |
No |
No |
No |
Annual
Ratios
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Financials in:
USD (mil) |
|
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|
|
29-Jan-2011 |
30-Jan-2010 |
31-Jan-2009 |
26-Jan-2008 |
27-Jan-2007 |
|
Period Length |
52 Weeks |
52 Weeks |
53 Weeks |
52 Weeks |
52 Weeks |
|
Filed Currency |
GBP |
GBP |
GBP |
GBP |
GBP |
|
Exchange Rate |
0.631154 |
0.624064 |
0.717437 |
0.504236 |
0.510334 |
|
Consolidated |
No |
No |
No |
No |
No |
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Current Ratio |
1.49 |
1.36 |
1.56 |
1.83 |
1.79 |
|
Liquidity Ratio |
0.89 |
0.79 |
0.81 |
1.07 |
1.01 |
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Stock Turnover |
4.86 |
5.33 |
4.69 |
5.37 |
4.82 |
|
Credit Period (Days) |
35.42 |
33.73 |
41.84 |
17.62 |
18.68 |
|
Working Capital by Sales |
16.68% |
11.83% |
15.94% |
20.35% |
20.97% |
|
Trade Credit by Debtors |
1.03 |
0.65 |
0.97 |
1.96 |
1.82 |
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Return on Capital |
45.94% |
47.67% |
35.08% |
46.27% |
48.48% |
|
Return on Assets |
22.93% |
23.39% |
20.36% |
27.35% |
27.31% |
|
Profit Margin |
15.66% |
15.02% |
13.87% |
16.32% |
16.64% |
|
Return on Shareholders Funds |
47.13% |
48.98% |
35.44% |
47.09% |
48.53% |
|
Borrowing Ratio |
41.56% |
50.61% |
16.57% |
18.68% |
25.88% |
|
Equity Gearing |
48.65% |
47.77% |
57.43% |
58.08% |
56.28% |
|
Interest Coverage |
234.83 |
62.73 |
65.94 |
49.77 |
24.28 |
|
Sales by Tangible Assets |
8.64 |
7.45 |
5.97 |
7.12 |
7.65 |
|
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 |
0.2 |
0.2 |
0.1 |
0.2 |
0.2 |
|
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 |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Employee Remuneration by Sales |
17.22% |
17.89% |
18.46% |
18.36% |
18.24% |
|
Creditor Days (Cost of Sales Based) |
89.60 |
55.55 |
93.73 |
78.41 |
78.94 |
|
Creditor Days (Sales Based) |
36.49 |
21.97 |
40.47 |
34.62 |
33.99 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.67 |
|
|
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.63.56 |
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.