MIRA
INFORM REPORT
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Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
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Name : |
OASIS FASHIONS LTD. |
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Registered Office : |
70 Queensgate Centre Peterborough, PE1 1NS |
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Country : |
United Kingdom |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
17.02.2009 |
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Com. Reg. No.: |
06822219 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Retail Sale of Clothing |
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No. of Employees : |
2,463 |
RATING & COMMENTS
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MIRAs 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 : |
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
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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 and address
Oasis Fashions
Ltd.
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Business
Description
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Origination and production of exclusive ladies clothing and fashion
accessories under the oasis brand name for sale through its own retail
outlets in theunited kingdom and europe and to joint ventures and franchisees
for sale through outlets in euro |
Industry
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Industry |
Retail (Apparel) |
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ANZSIC 2006: |
4251 - Clothing Retailing |
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NACE 2002: |
5242 - Retail sale of clothing |
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NAICS 2002: |
4481 - Clothing Stores |
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UK SIC 2003: |
5242 - Retail sale of clothing |
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US SIC 1987: |
5651 - Family Clothing Stores |
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Key
Executives
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1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6472256
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6148171
Corporate Overview
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Corporate Structure News
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Oasis Fashions
Ltd. |
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Witney |
United Kingdom |
Nonclassifiable Industries |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
946.5 |
8,822 |
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Subsidiary |
Witney |
United Kingdom |
Apparel and Accessories |
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4 |
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Subsidiary |
London |
United Kingdom |
Retail (Apparel) |
201.9 |
1,052 |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
261.4 |
2,784 |
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Subsidiary |
Peterborough |
United Kingdom |
Retail (Apparel) |
243.3 |
2,463 |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
35.1 |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
228.1 |
2,219 |
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Subsidiary |
London |
United Kingdom |
Retail (Apparel) |
220.2 |
2,042 |
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Subsidiary |
Glasgow |
United Kingdom |
Commercial Banks |
23.2 |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
152.7 |
1,392 |
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Subsidiary |
Witney |
United Kingdom |
Retail (Apparel) |
149.4 |
1,253 |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
15.6 |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
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Subsidiary |
Witney |
United Kingdom |
Retail (Apparel) |
2.8 |
24 |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
1.6 |
13 |
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Subsidiary |
Witney |
United Kingdom |
Retail (Apparel) |
2.8 |
9 |
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Subsidiary |
Witney |
United Kingdom |
Commercial Banks |
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Executives Report
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Directors and
Shareholders Report
Annual
Return Date: 17 Mar 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 |
06 Aug 1962 |
25 Sherriff Road, |
23 Feb 2009 |
NA |
Current:30 |
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Current |
02 Aug 1955 |
Babshole Farm Sudburys Farm Road, |
23 Feb 2009 |
NA |
Current:33 |
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Current |
12 Nov 1962 |
Upton Fields House Upton Road, |
23 Feb 2009 |
NA |
Current:27 |
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Current |
01 Jan 1950 |
The Triangle Stanton Harcourt Industrial Estate, Stanton Harcourt, |
23 Feb 2009 |
NA |
Current:35 |
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Previous |
20 Jan 1972 |
16 Sandwell Drive, |
17 Feb 2009 |
23 Feb 2009 |
Current:15 |
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Corporate Directors |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Heatons Directors Limited |
Previous |
5Th Floor Free Trade Exchange, 37 Peter Street, |
17 Feb 2009 |
23 Feb 2009 |
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Individual Secretaries |
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There are no individual secretaries for this company. |
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Corporate Secretaries |
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Company Name |
Status |
Registered Address |
Appointment Date |
Resignation Date |
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Heatons Secretaries Limited |
Current |
5Th Floor Free Trade Exchange, 37 Peter Street, |
17 Feb 2009 |
NA |
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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 |
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06818415 |
1 Ordinary GBP 1.00 |
Ordinary |
1 |
1.00 |
1.00 |
100.00 |
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Annual Profit & Loss
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Financials in: USD (mil) |
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Except for share items (millions) and per
share items (actual units) |
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28-Feb-2011 |
30-Jan-2010 |
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Period Length |
56 Weeks |
50 Weeks |
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Filed Currency |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.647226 |
0.635548 |
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Consolidated |
No |
No |
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Turnover (UK) |
198.2 |
- |
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Turnover (Exports) |
45.1 |
- |
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Total Turnover |
243.3 |
207.1 |
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Cost of Sales |
117.1 |
91.1 |
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Gross Profit |
126.2 |
116.0 |
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Depreciation |
4.3 |
3.0 |
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Other Expenses |
139.5 |
117.7 |
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Operating Profit |
-13.3 |
- |
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Other Income |
0.3 |
0.3 |
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Interest Paid |
1.5 |
3.5 |
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Exceptional Income |
-0.5 |
-26.6 |
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Discontinued Operations |
0.0 |
0.0 |
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Profit Before Taxes |
-15.0 |
-31.5 |
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Tax Payable / Credit |
-0.9 |
-2.7 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
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Profit After Taxes |
-14.1 |
-28.8 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
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Number of Employees |
2,463 |
- |
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Wages |
37.2 |
0.0 |
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Social Security Costs |
2.8 |
0.0 |
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Pensions |
- |
0.0 |
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Other Pension Costs |
0.0 |
0.0 |
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Employees Remuneration |
40.0 |
0.0 |
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Directors Emoluments |
- |
0.0 |
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Other Costs |
- |
0.0 |
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Directors Remuneration |
- |
0.0 |
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Highest Paid Director |
- |
0.0 |
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Annual Balance
Sheet |
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Financials in:
USD (mil) |
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28-Feb-2011 |
30-Jan-2010 |
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Filed Currency |
GBP |
GBP |
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Exchange Rate |
0.614817 |
0.624064 |
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Consolidated |
No |
No |
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Land & Buildings |
0.0 |
0.0 |
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Fixtures & Fittings |
19.0 |
14.1 |
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Plant & Vehicles |
0.0 |
0.0 |
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Total Tangible Fixed Assets |
19.0 |
14.1 |
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Intangible Assets |
14.5 |
14.9 |
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Investments |
0.0 |
0.0 |
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Total Fixed Assets |
33.5 |
29.0 |
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Stocks |
21.5 |
17.1 |
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Work in Progress |
0.0 |
0.5 |
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Total Stocks Work In Progress |
21.5 |
17.6 |
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Trade Debtors |
8.5 |
9.6 |
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Inter-Company Debtors |
0.0 |
5.1 |
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Other Debtors |
5.9 |
4.6 |
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Total Debtors |
14.3 |
19.4 |
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Cash and Equivalents |
3.9 |
0.0 |
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Other Current Assets |
0.0 |
0.0 |
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Total Current Assets |
39.7 |
37.0 |
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Total Assets |
73.2 |
66.0 |
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Trade Creditors |
14.6 |
10.6 |
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Bank Overdraft |
0.0 |
3.2 |
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Inter-Company Creditors |
93.4 |
21.5 |
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Accruals/Deferred Income (Current Liability) |
7.5 |
6.9 |
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Social Security/VAT |
1.8 |
0.8 |
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Other Current Liabilities |
0.5 |
0.5 |
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Total Current Liabilities |
117.8 |
43.4 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
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Director Loans (Long Term Liability) |
0.0 |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
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Total Hire Purchase Loans (Long Term Liability) |
0.0 |
0.0 |
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Other Long Term Loans |
0.0 |
51.9 |
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Accruals/Deferred Income (Long Term Liability) |
0.0 |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
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Total Long Term Liabilities |
0.0 |
51.9 |
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Deferred Taxation |
0.0 |
0.0 |
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Other Provisions |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
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Issued Capital |
0.0 |
0.0 |
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Share Premium Accounts |
0.0 |
0.0 |
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Revaluation Reserve |
0.0 |
0.0 |
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Retained Earnings |
-44.6 |
-29.3 |
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Other Reserves |
0.0 |
0.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
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Total Shareholders Funds |
-44.6 |
-29.3 |
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Net Worth |
-59.0 |
-44.2 |
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Annual Cash
Flows |
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Financials in:
USD (mil) |
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28-Feb-2011 |
30-Jan-2010 |
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Period Length |
56 Weeks |
50 Weeks |
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Filed Currency |
GBP |
GBP |
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Exchange Rate
(Period Average) |
0.647226 |
0.635548 |
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Consolidated |
No |
No |
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Annual Ratios |
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Financials in:
USD (mil) |
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28-Feb-2011 |
30-Jan-2010 |
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Period Length |
56 Weeks |
50 Weeks |
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Filed Currency |
GBP |
GBP |
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Exchange Rate |
0.614817 |
0.624064 |
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Consolidated |
No |
No |
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Current Ratio |
0.34 |
0.85 |
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Liquidity Ratio |
0.15 |
0.45 |
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Stock Turnover |
11.08 |
12.44 |
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Credit Period (Days) |
12.98 |
16.00 |
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Working Capital by Sales |
-32.82% |
-2.92% |
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Trade Credit by Debtors |
1.73 |
1.10 |
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Return on Capital |
- |
-147.52% |
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Return on Assets |
-20.02% |
-50.49% |
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Profit Margin |
-6.16% |
-15.20% |
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Borrowing Ratio |
-158.13% |
-173.19% |
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Equity Gearing |
-60.89% |
-44.42% |
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Debt Gearing |
- |
-117.39% |
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Interest Coverage |
-9.70 |
-9.09 |
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Sales by Tangible Assets |
12.50 |
15.55 |
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Average Remuneration per Employee |
0.0 |
- |
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Profit per Employee |
0.0 |
- |
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Sales per Employee |
0.1 |
- |
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Capital Employed per Employee |
0.0 |
- |
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Tangible Assets per Employee |
0.0 |
- |
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Total Assets per Employee |
0.0 |
- |
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Employee Remuneration by Sales |
16.44% |
- |
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Creditor Days (Cost of Sales Based) |
46.70 |
40.01 |
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Creditor Days (Sales Based) |
22.48 |
17.60 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
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|
1 |
Rs.78.05 |
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Euro |
1 |
Rs.65.13 |
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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SCs 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.