MIRA INFORM REPORT

UPDATED REPORT

 

 

Report Date :

26.05.2012

 

IDENTIFICATION DETAILS

 

Name :

MEMBERS ONLY CLOTHING COMPANY LIMITED

 

 

Registered Office :

C/o Littlejohn 2nd Floor

1 Westferry Circus  London  E14 4HD

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

20.04.1990

 

 

Com. Reg. No.:

02494612

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

Wholesale of Clothing and Footwear

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

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 and address

 

Company Name

MEMBERS ONLY CLOTHING COMPANY LIMITED

Company Number

02494612

Registered Address

C/O LITTLEJOHN 2ND FLOOR

Trading Address

Unit B1
Suttons Business Park
New Road
Rainham, Essex
RM13 8DE

 

1 WESTFERRY CIRCUS

 

 

LONDON

 

 

E14 4HD

 

 

 

 

 

Website Address

-

 

 

Telephone Number

-

Fax Number

 

TPS

-

FPS

No

Incorporation Date

20/04/1990

Company Status

Active - Accounts Filed

Previous Name

 

Type

Private limited with Share Capital

Date of Change

-

Filing Date of Accounts

12/07/2011

 

 

Share Capital

£100

SIC03

5142

Currency

GBP

SIC03 Description

WHOLESALE OF CLOTHING & FOOTWEAR

SIC07

46420

SIC07 Description

WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity

Clothing wholesalers.

 

Notes :

 

The first copy was the correct report based on your order details but it was the non ltd entity of the company.

 

You asked for a complete report with financials and as non limited companies aren’t required to submit financial information, I then resent the Limited entity of the company as this report contained financial information. The registered address is different which is why this report wasn’t sent originally.

 

Both reports are of the same company, just different legal entities.

Accounts Due Date 30/09/2012

 

Commentary

 

No exact match CCJs are recorded against the company.

There has been no significant change in the company's credit rating.

The credit limit on this company has risen 13.6% in comparison to the previously suggested credit limit.

There is insufficient data to indicate a change in this companies percentage of sales.

Net Worth increased by 18.5% during the latest trading period.

A 12.1% growth in Total Assets occurred during the latest trading period.

There is insufficient data to indicate a change in this companies pre-tax profit.

The company saw an increase in their Cash Balance of 39% during the latest trading period.

The company is exempt from audit.

No recent changes in directorship are recorded.

The company is not part of a group.

The positive change in the P&L Account Reserve suggests that the company made a profit after tax and other appropriations.

The company was established over 22 years ago.

 

 

Key Financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder Funds

Employees

31/12/2010

-

-

£2,020,587

-

31/12/2009

-

-

£1,705,208

-

31/12/2008

-

-

£1,683,459

-

 

Payment Information Summary

 

Total number of Invoices available

5

Total number of Invoices paid within or up to 30 days after the due date

4

Total number of Invoices paid more than 30 days after the due date

1

Total number of Invoices currently outstanding where the due date has not yet been reached

0

Total number of Invoices currently outstanding beyond the due date

0



CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

-

 

 

 

Exact CCJ Details

There are no exact CCJ details

Possible CCJ Details

There are no possible CCJ details

Writ Details

There are no writ details

 

Mortgage Summary

Outstanding

0

Satisfied

1

 

Total Current Directors

1

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

1

 

Current Directors

 

Name

Scott Michael Reeve

Date of Birth

20/12/1963

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

31/05/1991

 

 

Address

The Strawbery Farm, Hall Lane, Upminster, RM14 1UA

Other Actions

View Director Report

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

 

Current Company Secretary

 

Name

Paula Elizabeth Reeve

Date of Birth

10/10/1961

Officers Title

Ms

Nationality

British

Present Appointments

1

Function

Company Secretary

Appointment Date

31/05/1991

 

 

Address

The Strawberry Farm, Hall Lane, Upminster, RM14 1UA

Other Actions

 

View Consumer Report

View Trace Report

 

 

 

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 



Top 20 Shareholders

 

Name

Individual Share Value

SCOTT MICHAEL REEVE

50 ORDINARY GBP 1.00

PAULA ELIZABETH REEVE

50 ORDINARY GBP 1.00

 

Profit & Loss

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

Turnover

-

-

-

-

-

-

-

-

-

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

-

-

-

-

-

-

-

-

-

Gross Profit

-

-

-

-

-

-

-

-

-

Wages & Salaries

-

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

-

-

-

-

-

-

-

-

-

Depreciation

£5,427

18%

£4,600

-53.6%

£9,905

171.1%

£3,654

-13.9%

£4,244

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

-

-

-

-

-

-

-

-

-

Taxation

-

-

-

-

-

-

-

-

-

Profit After Tax

-

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Tangible Assets

£27,526

133.5%

£11,790

-9.3%

£13,006

-8.4%

£14,195

35.3%

£10,494

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£27,526

133.5%

£11,790

-9.3%

£13,006

-8.4%

£14,195

35.3%

£10,494

Stock

0

-

0

-100%

£60,481

432.4%

£11,361

-

0

Trade Debtors

£978,612

-22.6%

£1,264,053

8.3%

£1,166,764

-30.1%

£1,669,017

-

0

Cash

£2,198,717

39%

£1,582,249

1.6%

£1,557,276

42.8%

£1,090,447

-20.2%

£1,366,719

Other Debtors

0

-

0

-

0

-

0

-100%

£1,017,878

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£3,177,329

11.6%

£2,846,302

2.2%

£2,784,521

0.5%

£2,770,825

16.2%

£2,384,597

Trade Creditors

£1,177,881

2.5%

£1,148,983

3.4%

£1,111,691

-17.7%

£1,350,841

-

0

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

Other Short Term Finance

0

-

0

-

0

-

0

-

0

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-100%

£1,056,567

Total Current Liabilities

£1,177,881

2.5%

£1,148,983

3.4%

£1,111,691

-17.7%

£1,350,841

27.9%

£1,056,567

Bank Loans & Overdrafts and LTL

£6,387

63.7%

£3,901

64.1%

£2,377

83%

£1,299

116.1%

£601

Other Long Term Finance

0

-

0

-

0

-

0

-

0

Total Long Term Liabilities

£6,387

63.7%

£3,901

64.1%

£2,377

83%

£1,299

116.1%

£601

 

Capital & Reserves

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

P & L Account Reserve

£2,020,487

18.5%

£1,705,108

1.3%

£1,683,359

17.5%

£1,432,780

7.1%

£1,337,823

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£2,020,587

18.5%

£1,705,208

1.3%

£1,683,459

17.5%

£1,432,880

7.1%

£1,337,923

 

Other Financial Items

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Net Worth

£2,020,587

18.5%

£1,705,208

1.3%

£1,683,459

17.5%

£1,432,880

7.1%

£1,337,923

Working Capital

£1,999,448

17.8%

£1,697,319

1.5%

£1,672,830

17.8%

£1,419,984

6.9%

£1,328,030

Total Assets

£3,204,855

12.1%

£2,858,092

2.2%

£2,797,527

0.4%

£2,785,020

16.3%

£2,395,091

Total Liabilities

£1,184,268

2.7%

£1,152,884

3.5%

£1,114,068

-17.6%

£1,352,140

27.9%

£1,057,168

Net Assets

£2,020,587

18.5%

£1,705,208

1.3%

£1,683,459

17.5%

£1,432,880

7.1%

£1,337,923

 

Miscellaneous

 

Date Of Accounts

31/12/10

(%)

31/12/09

(%)

31/12/08

(%)

31/12/07

(%)

31/12/06

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

Capital Employed

£2,026,974

18.6%

£1,709,109

1.4%

£1,685,836

17.5%

£1,434,179

7.1%

£1,338,524

Number of Employees

-

-

-

-

-

-

-

-

-

Auditors

 

Auditor Comments

The company is exempt from audit

Bankers

BARCLAYS BANK PLC

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

31/12/10

31/12/09

31/12/08

31/12/07

31/12/06

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.70

2.48

2.50

2.05

2.26

Sales/Net Working Capital

-

-

-

-

-

Gearing %

0.30

0.20

0.10

0.10

0

Equity in %

63

59.70

60.20

51.40

55.90

Creditor Days

-

-

-

-

-

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

2.69

2.47

2.45

2.04

2.26

Return On Capital Employed %

-

-

-

-

-

Return On Total Assets Employed %

-

-

-

-

-

Current Debt Ratio

0.58

0.67

0.66

0.94

0.79

Total Debt Ratio

0.58

0.67

0.66

0.94

0.79

Stock Turnover Ratio %

-

-

-

-

-

Return on Net Assets Employed %

-

-

-

-

-

 

Status History

 

No Status History found

 

Event History

 

Date

Description

 

25/04/2012

Annual Returns

 

22/07/2011

New Accounts Filed

 

02/05/2011

Annual Returns

 

13/08/2010

New Accounts Filed

 

12/05/2010

Annual Returns

 

19/05/2009

New Accounts Filed

 

26/04/2009

Annual Returns

 

31/08/2008

New Accounts Filed

 

03/07/2008

Change in Reg.Office

 

03/07/2008

Change of Company Postcode

 

28/05/2008

Annual Returns

 

30/04/2008

Annual Returns

 

25/04/2008

Annual Returns

 

20/04/2007

New Accounts Filed

 

23/08/2006

New Accounts Filed

 

 

Previous Company Names

 

No Previous Names found

 

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

Summary

Holding Company

-

Ownership Status

 

Ultimate Holding Company

-

 

 

Group structure

 

No group structure

 

 

 

Exact CCJ Details

No CCJs found

Possible CCJs Details

There are no possible CCJ details

Writ Details

No writs found

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

02/02/96

Date Charge Registered:

15/02/96

Date Charge Satisfied:

15/06/01

Status:

SATISFIED

Person(s) Entitled:

BARCLAYS BANK PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER

Details:

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLU DING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAG E CHARGE DOCUMENT FOR FULL DETAILS

 

Total Value

-

Trade Debtors / Bad Debt Detail

 

No Debtor Data

 

 

Total Value

-

 

 

 

 

 

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

Paula Elizabeth Reeve

1

1

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.93

UK Pound

1

Rs.88.15

Euro

1

Rs.70.88

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.