MIRA INFORM REPORT

 

 

Report Date :

20.07.2012

 

IDENTIFICATION DETAILS

 

Name :

FASHION DESIGN GROUP LTD

 

 

Registered Office :

119-121 Middlesex Street, London, E1 7JF, London County 

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

04.12.2006

 

 

Com. Reg. No.:

06018150

 

 

Legal Form :

Private Independent

 

 

Line of Business :

Clothing wholesalers

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

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 and address

 

FASHION DESIGN GROUP LTD

119-121 Middlesex Street,

London, E1 7JF,

London County 

United Kingdom

 

Employees:

NA

Company Type:

Private Independent

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

04-Dec-2006

Fiscal Year End:

31-Jan-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

0.7

 

 

Business Description

 

 

Clothing wholesalers.

 

 

 

Industry

 

 

 

 

 

Industry

Apparel and Accessories

ANZSIC 2006:

1351 - Clothing Manufacturing

NACE 2002:

1822 - Manufacture of other outerwear

NAICS 2002:

3152 - Cut and Sew Apparel Manufacturing

UK SIC 2003:

1822 - Manufacture of other outerwear

US SIC 1987:

2385 - Waterproof Outerwear

 

 

Key Executives

 

 

 

 

 

Name

Title

 

Clive Michael Williams

Secretary

 

Bruce Charles Clark

Director

 

Stephen Stuart Conway

Director

 

 

 

Financial Summary

 

 

FYE: 31-Jan-2011

USD (mil)

Key Figures

 

Current Assets

0.72

Fixed Assets

0.0051

Total Liabilities

0.44

Net Worth

0.24

 

Key Ratios

 

Current Ratio

1.65

Acid Test

1.20

 

 

Registered No.(UK)

 

06018150

 

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
119-121 Middlesex Street
London, E1 7JF
London County 
United Kingdom

 

 

 

Suggest Company URL

 

Sales GBP(mil):

NA

Assets GBP(mil):

0.5

Employees:

NA

Fiscal Year End:

31-Jan-2011

 

 

 

Industry:

Apparel and Accessories

Registered Address:
119-121 Middlesex Street
London, E1 7JF
United Kingdom

 

Incorporation Date:

04-Dec-2006

Company Type:

Private Independent

Quoted Status:

Not Quoted

Registered No.(UK):

06018150

 

Secretary:

Clive Michael Williams

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1351

-

Clothing Manufacturing

 

NACE 2002 Codes:

1822

-

Manufacture of other outerwear

 

NAICS 2002 Codes:

3152

-

Cut and Sew Apparel Manufacturing

 

US SIC 1987:

2385

-

Waterproof Outerwear

 

UK SIC 2003:

1822

-

Manufacture of other outerwear

 Top

Business Description

Clothing wholesalers.

Source: Experian Ltd.

 Top

 

 

 

 

Financial Data

Financials in:

GBP(mil)

 

Assets:

0.5

Current Assets:

0.5

 

Fixed Assets:

0.0

 

Long Term Debt:

0.0

 

Total Liabilities:

0.3

 

Issued Capital:

0.0

 

Working Capital:

0.2

 

Net Worth:

0.1

 

 

 

Date of Financial Data:

31-Jan-2011

 

1 Year Growth

NA

 Top

 

 

 

Fashion Design Group Ltd.

London, , United Kingdom

Executives Report

 

Board of Directors

 

Name

Title

Function

 

Bruce Charles Clark

 

Director

Director/Board Member

 

Age: 56

Source: Experian Ltd.

Stephen Stuart Conway

 

Director

Director/Board Member

. 

 

Age: 64

 

 

Executives

 

Name

Title

Function

 

Clive Michael Williams

 

Secretary

Company Secretary

 

 

 

 Directors and Shareholders Report

 

Main Office Address:
119-121 Middlesex Street
London
United Kingdom E1 7JF

 

Annual Return Date: 04 Dec 2011

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Stephen Stuart 
Conway

Current

22 Feb 1948

Penthouse 5 Harley House, Marylebone Road, 
London , London NW1 5HN

18 Jan 2007

NA

Current:256
Previous:88
Disqualifications:0

 

Clive Michael 
Williams

Current

16 Dec 1942

119-121 Middlesex Street, 
London , London E1 7JF

04 Dec 2006

NA

Current:13
Previous:1
Disqualifications:0

 

Bruce Charles 
Clark

Current

05 Nov 1955

21 Park Farm Road, Bickley, 
Bromley, Kent BR1 2PE

18 Jan 2007

NA

Current:3
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

There are no corporate directors for this company.

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Clive Michael 
Williams

Current

NA

119-121 Middlesex Street, 
London , London E1 7JF

30 Apr 2011

NA

Current:1
Previous:0
Disqualifications:0

 

Jonathan Richard 
Williams

Previous

11 Jul 1974

42 Bushey Avenue, 
Woodford, London E18 2DS

04 Dec 2006

30 Apr 2011

Current:0
Previous:5
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

Bruce Charles Clark

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

33.33

Clive Michael Williams

50 Ordinary GBP 1.00

Ordinary

50

1.00

50.00

16.67

Galliard Homes

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

33.33

Tara Williams

50 Ordinary GBP 1.00

Ordinary

50

1.00

50.00

16.67

 

 

 

 

 

 

 

 

Corporate Shareholders

 

There are no corporate shareholders for this company.

 

 

 

 

Fashion Design Group Ltd.

 

London, United Kingdom

Annual Profit & Loss

Financials in: USD (mil)

 

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

 

 

 

 

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.648787

0.635292

0.558389

0.499611

Consolidated

No

No

No

No

 

 

 

 

 

Total Turnover

-

-

2.7

2.6

Cost of Sales

-

-

2.2

1.9

Gross Profit

-

-

0.5

0.7

Depreciation

0.0

0.0

0.0

0.0

Other Expenses

-

-

0.4

0.5

Operating Profit

-

-

0.1

0.3

Other Income

-

-

0.0

0.0

Interest Paid

-

-

0.0

0.0

Exceptional Income

-

-

0.0

0.0

Discontinued Operations

-

-

0.0

0.0

Profit Before Taxes

-

-

0.1

0.3

Tax Payable / Credit

-

-

0.0

0.1

Extraordinary Items/Debits

-

-

0.0

0.0

Dividends

-

-

0.1

0.0

Profit After Taxes

-

-

0.0

0.2

Minority Interests (Profit & Loss)

-

-

0.0

0.0

 

 

Annual Balance Sheet

 

 

 

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Filed Currency

GBP

GBP

GBP

GBP

Exchange Rate

0.624317

0.624064

0.717437

0.503018

Consolidated

No

No

No

No

 

 

 

 

 

Land & Buildings

-

-

0.0

0.0

Fixtures & Fittings

-

-

0.0

0.0

Plant & Vehicles

-

-

0.0

0.0

Total Tangible Fixed Assets

0.0

0.0

0.0

0.0

Intangible Assets

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

Total Fixed Assets

0.0

0.0

0.0

0.0

Stocks

-

-

0.1

0.1

Work in Progress

-

-

0.0

0.0

Total Stocks Work In Progress

0.2

0.4

0.1

0.1

Trade Debtors

-

-

0.2

0.2

Inter-Company Debtors

-

-

0.0

-

Director Loans

-

-

0.0

-

Other Debtors

-

-

0.0

0.0

Total Debtors

0.5

0.4

0.2

0.2

Cash and Equivalents

0.0

0.0

0.2

0.2

Other Current Assets

0.0

0.0

0.0

0.0

Total Current Assets

0.7

0.8

0.5

0.5

Total Assets

0.7

0.8

0.5

0.5

Trade Creditors

-

-

0.1

0.1

Bank Overdraft

-

-

0.0

-

Accruals/Deferred Income (Current Liability)

-

-

0.0

0.0

Social Security/VAT

-

-

0.0

0.0

Corporation Tax

-

-

0.1

0.1

Other Current Liabilities

0.4

0.5

0.0

0.0

Total Current Liabilities

0.4

0.5

0.3

0.2

Group Loans (Long Term Liability)

0.0

-

0.0

0.0

Director Loans (Long Term Liability)

0.0

-

0.0

0.0

Hire Purchase (Long Term Liability)

0.0

-

0.0

0.0

Leasing (Long Term Liability)

0.0

-

0.0

0.0

Total Hire Purchase Loans (Long Term Liability)

0.0

-

0.0

0.0

Other Long Term Loans

0.0

-

0.1

0.1

Accruals/Deferred Income (Long Term Liability)

0.1

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.1

0.1

0.1

0.1

Deferred Taxation

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

Retained Earnings

0.2

0.2

0.2

0.2

Other Reserves

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

Total Shareholders Funds

0.2

0.2

0.2

0.2

Net Worth

0.2

0.2

0.2

0.2

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.648787

0.635292

0.558389

0.499611

Consolidated

No

No

No

No

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

Exchange Rate

0.624317

0.624064

0.717437

0.503018

Consolidated

No

No

No

No

 

 

 

 

 

Current Ratio

1.65

1.52

1.84

2.61

Liquidity Ratio

1.20

0.85

1.31

2.11

Stock Turnover

-

-

14.93

27.95

Credit Period (Days)

-

-

29.37

22.88

Working Capital by Sales

-

-

10.55%

11.68%

Trade Credit by Debtors

-

-

0.59

0.38

Return on Capital

-

-

41.63%

84.59%

Return on Assets

-

-

19.49%

52.63%

Profit Margin

-

-

4.59%

10.13%

Return on Shareholders Funds

-

-

55.04%

124.43%

Borrowing Ratio

-

-

55.09%

47.10%

Equity Gearing

32.49%

27.09%

35.41%

42.29%

Debt Gearing

-

-

32.21%

47.10%

Interest Coverage

-

-

9.26

74.83

Sales by Tangible Assets

-

-

211.08

332.79

Creditor Days (Cost of Sales Based)

-

-

21.43

12.22

Creditor Days (Sales Based)

-

-

17.41

8.71

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.38

UK Pound

1

Rs.86.74

Euro

1

Rs.68.06

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

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.