MIRA INFORM REPORT

 

 

Report Date :

07.06.2012

 

IDENTIFICATION DETAILS

 

Name :

SIZE UP CLOTHING STORES LTD.

 

 

Registered Office :

1184 Lincoln Road, Werrington, Peterborough, PE4 6LA

 

 

Country :

United Kingdom 

 

 

Financials (as on) :

31.01.2011

 

 

Date of Incorporation :

11.01.1994

 

 

Com. Reg. No.:

02886196

 

 

Legal Form :

Private Subsidiary Company

 

 

Line of Business :

Clothing retail

 

 

No. of Employees :

316

 

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 :

Moderate

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 

 

Size Up Clothing Stores Ltd.

1184 Lincoln Road

Peterborough, PE4 6LA

United Kingdom

Tel:       01733383890

Fax:      01733383897

Web: www.yoursclothing.co.uk

           

 

Synthesis

 

Employees:                  316

Company Type:            Private Subsidiary

Corporate Family:          3 Companies

Ultimate Parent:             Ak Retail Holdings Ltd.

Quoted Status:             Non-quoted Company

Incorporation Date:         11-Jan-1994

Auditor:                        Moore Stephens           

Financials in:                 USD (Millions)

Fiscal Year End:            31-Jan-2011

Reporting Currency:       British Pound Sterling

Annual Sales:               32.5  1

Net Income:                  0.3

Total Assets:                7.8

 

 

Business Description     

 

Clothing retail.

 

Industry             

Industry            Retail (Apparel)

ANZSIC 2006:    4251 - Clothing Retailing

NACE 2002:      5242 - Retail sale of clothing

NAICS 2002:     4481 - Clothing Stores

UK SIC 2003:    5242 - Retail sale of clothing

US SIC 1987:    5651 - Family Clothing Stores

 

Key Executives   

 

Name

Title

David James Preece

Secretary

Andrew Robert Killingsworth

Director

 

 

Financial Summary    

 

FYE: 31-Jan-2011          USD (mil)

Key Figures    

Current Assets              5.36

Fixed Assets                 2.43

Total Liabilities               5.81

Net Worth                     1.55

 

Key Ratios       

Current Ratio                 0.92

Acid Test                      0.25

Debt Gearing                 6.20

 

Registered No.(UK):       02886196

 

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

1184 Lincoln Road

Peterborough, PE4 6LA

Cambridgeshire County

United Kingdom

Tel:       01733383890

Fax:      01733383897

Web:    www.yoursclothing.co.uk

           

Sales GBP(mil):             21.1

Assets GBP(mil):           4.9

Employees:                   316

Fiscal Year End:            31-Jan-2011

Industry:                        Retail (Apparel)

                       


Registered Address:

1184 Lincoln Road

Werrington

Peterborough, PE4 6LA

United Kingdom

 

Incorporation Date:         11-Jan-1994

Company Type:             Private Subsidiary

Quoted Status:              Not Quoted

Registered No.(UK):       02886196

Director:                        Andrew Robert Killingsworth

 

Contents

Industry Codes

Business Description

Financial Data

Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

4251     -          Clothing Retailing

 

NACE 2002 Codes:

5242     -          Retail sale of clothing

 

NAICS 2002 Codes:

4481     -          Clothing Stores

 

US SIC 1987:

5651     -          Family Clothing Stores

 

UK SIC 2003:

5242     -          Retail sale of clothing

 

Business Description

Clothing retail.

 

More Business Descriptions

Mail Order Houses

 

Financial Data

Financials in:

GBP(mil)

 

Revenue:

21.1

Net Income:

0.2

Assets:

4.9

Current Assets:

3.3

 

Fixed Assets:

1.5

 

Long Term Debt:

0.1

 

Total Liabilities:

3.7

 

Issued Capital:

0.0

 

Working Capital:

-0.3

 

Net Worth:

1.0

 

 

 

Date of Financial Data:

31-Jan-2011

 

1 Year Growth

44.5%

NA

13.3%

Key Corporate Relationships

Auditor:

Moore Stephens

Bank:

Barclays Bank PLC

 

Auditor:

Moore Stephens

 

 

 

GBP(mil)

Audit Fees:

0.0

Non Audit Fees:

0.0

Audit Fiscal Year:

01-31-2011

 

 

 

 

 

Corporate Family

Corporate Structure News:

 

Ak Retail Holdings Ltd.
Size Up Clothing Stores Ltd.

Size Up Clothing Stores Ltd. 
Total Corporate Family Members: 3 

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

 

Ak Retail Holdings Ltd.

Parent

Peterborough

United Kingdom

Retail (Apparel)

32.5

321

 

Size Up Clothing Stores Ltd.

Subsidiary

Peterborough

United Kingdom

Retail (Apparel)

32.5

316

 

Size Up Clothing Stores Ltd.

UK Branch/Trading address

Skegness

United Kingdom

Retail (Apparel)

32.5

3

 

 

 

 

Executive report

 

Board of Directors

 

Name

Title

Function

 

Andrew Robert Killingsworth

 

Director

Director/Board Member

 

 

Executives

 

Name

Title

Function

 

David James Preece

 

Secretary

Company Secretary

 

 

Directors and Shareholders Report

 

Main Office Address:
1184 Lincoln Road
Peterborough
United Kingdom PE4 6LA

Tel: 01733383890
Fax: 01733383897
URL:http://www.yoursclothing.co.uk

Annual Return Date: 11 Jan 2012

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Andrew Robert 
Killingsworth

Current

10 Feb 1962

Rutland House Minerva Business Park, Lynch Wood, 
Peterborough, Cambridgeshire PE2 6PZ

01 Nov 1997

NA

Current:3
Previous:0
Disqualifications:0

 

Robert Arthur Thomas 
Killingsworth

Previous

22 Dec 1920

Eldon Lodge, Orton Waterville,
Peterborough, Cambridgeshire PE2 5EJ

17 Feb 1994

06 Jul 2000

Current:0
Previous:1
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

 

David James 
Preece

Current

23 Aug 1956

Rutland House Minerva Business Park, Lynch Wood, 
Peterborough, Cambridgeshire PE2 6PZ

06 Jul 2000

NA

Current:3
Previous:0
Disqualifications:0

 

Vera 
Killingsworth

Previous

NA

Eldon Lodge Cherry Orton Road, Orton Waterville, 
Peterborough, Cambridgeshire PE2 5EH

17 Feb 1994

06 Jul 2000

Current:0
Previous:1
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

A K Retail Holdings Limited

200 Ordinary GBP 1.00

Ordinary

200

1.00

200.00

100.00

 

 

 

 

 

 

 

 

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-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.648787

0.635292

0.558389

0.499611

0.53864

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Turnover (UK)

-

-

20.9

-

-

Turnover (Exports)

-

-

0.0

-

-

Total Turnover

32.5

23.0

20.9

-

-

Cost of Sales

16.2

10.2

9.0

-

-

Gross Profit

16.3

12.8

11.9

13.7

12.4

Depreciation

0.7

3.7

0.3

0.6

0.5

Other Expenses

15.8

12.2

12.1

14.0

12.3

Operating Profit

-

-

-

-

0.2

Other Income

0.0

0.0

0.1

0.2

0.0

Interest Paid

0.0

0.0

0.0

0.0

0.1

Exceptional Income

0.0

0.0

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

0.0

0.0

Profit Before Taxes

0.6

0.6

-0.1

-0.2

0.1

Tax Payable / Credit

0.3

0.2

0.0

0.0

0.2

Extraordinary Items/Debits

0.0

0.0

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

0.0

0.0

Profit After Taxes

0.3

0.4

-0.1

-0.1

-0.1

Minority Interests (Profit & Loss)

0.0

0.0

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

0.0

0.0

Non Audit Fees

0.1

0.0

-

-

-

Number of Employees

316

257

238

266

283

Wages

5.2

3.9

4.1

4.9

4.7

Social Security Costs

0.3

0.2

0.3

0.3

0.3

Pensions

-

-

-

-

0.0

Other Pension Costs

0.0

0.0

0.0

0.0

0.0

Employees Remuneration

5.5

4.1

4.4

5.2

5.0

Directors Emoluments

-

-

-

-

0.0

Other Costs

-

-

-

-

0.0

Directors Remuneration

-

-

-

-

0.0

Highest Paid Director

-

-

-

-

0.0

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

31-Jan-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.624317

0.624064

0.717437

0.503018

0.510882

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Land & Buildings

1.2

0.7

0.3

0.5

0.6

Fixtures & Fittings

1.2

0.8

0.7

1.3

1.3

Plant & Vehicles

0.0

0.1

0.1

0.1

0.2

Total Tangible Fixed Assets

2.4

1.6

1.1

2.0

2.1

Intangible Assets

0.0

0.0

0.0

0.0

0.0

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

2.4

1.6

1.1

2.0

2.1

Stocks

3.9

2.5

1.5

1.9

2.2

Work in Progress

0.0

0.0

0.0

0.0

0.0

Total Stocks Work In Progress

3.9

2.5

1.5

1.9

2.2

Inter-Company Debtors

-

0.0

0.0

0.0

-

Other Debtors

1.4

0.7

0.7

1.1

1.0

Total Debtors

1.4

0.7

0.8

1.1

1.0

Cash and Equivalents

0.0

0.1

0.1

0.0

0.5

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

5.4

3.3

2.3

3.0

3.6

Total Assets

7.8

4.8

3.4

5.0

5.7

Trade Creditors

3.3

1.4

1.2

1.4

2.4

Bank Overdraft

0.1

0.2

0.2

0.0

0.0

Inter-Company Creditors

0.7

0.2

0.2

0.4

0.3

Director Loans (Current Liability)

0.0

0.0

0.0

0.0

0.0

Total Finance Lease/Hire Purchase (Current Liability)

0.1

0.1

0.1

0.1

0.1

Total Short Term Loans

0.0

0.0

0.0

0.1

0.0

Accruals/Deferred Income (Current Liability)

0.4

0.4

0.3

0.4

0.4

Social Security/VAT

0.9

0.6

0.3

0.5

0.4

Corporation Tax

0.3

0.2

0.0

0.2

0.1

Dividends (Current Liability)

0.0

0.0

0.0

0.0

0.0

Other Current Liabilities

0.0

0.0

0.0

0.0

0.0

Total Current Liabilities

5.8

3.1

2.3

3.2

3.9

Group Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Director Loans (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Hire Purchase (Long Term Liability)

-

-

0.0

-

-

Leasing (Long Term Liability)

-

-

0.0

-

-

Total Hire Purchase Loans (Long Term Liability)

0.1

0.0

0.0

0.0

0.2

Other Long Term Loans

0.0

-

0.0

0.1

0.0

Accruals/Deferred Income (Long Term Liability)

0.0

0.0

0.0

0.0

0.0

Other Long Term Liabilities

0.0

0.0

0.0

0.0

0.0

Total Long Term Liabilities

0.1

0.0

0.0

0.2

0.2

Deferred Taxation

0.0

0.0

0.0

0.0

0.2

Other Provisions

0.3

0.4

0.3

0.4

0.0

Total Provisions

0.3

0.4

0.3

0.4

0.2

Issued Capital

0.0

0.0

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

0.0

0.0

Retained Earnings

1.6

1.3

0.8

1.2

1.4

Other Reserves

0.0

0.0

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

0.0

0.0

Total Shareholders Funds

1.6

1.3

0.8

1.2

1.4

Net Worth

1.6

1.3

0.8

1.2

1.4

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.648787

0.635292

0.558389

0.499611

0.53864

Consolidated

No

No

No

No

No

Net Cash Flow From Operating Activities

-

-

0.3

0.1

1.0

Net Cash Flow from ROI and Servicing of Finance

-

-

0.0

0.0

0.0

Taxation

-

-

-0.2

-0.1

-0.1

Capital Expenditures

-

-

0.0

-0.6

-0.4

Acquisitions and Disposals

-

-

0.0

0.0

0.0

Paid Up Equity

-

-

0.0

0.0

0.0

Management of Liquid Resources

-

-

0.0

0.0

0.0

Net Cash Flow From Financing

-

-

-0.2

0.1

-0.1

Increase in Cash

-

-

-0.1

-0.4

0.5

Annual Ratios

Financials in: USD (mil)

 

 

 

31-Jan-2011

31-Jan-2010

31-Jan-2009

31-Jan-2008

31-Jan-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.624317

0.624064

0.717437

0.503018

0.510882

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

0.92

1.06

1.02

0.95

0.92

Liquidity Ratio

0.25

0.26

0.37

0.35

0.36

Stock Turnover

8.63

9.38

10.86

-

-

Working Capital by Sales

-1.33%

0.76%

0.31%

-

-

Return on Capital

30.59%

35.12%

-7.88%

-8.71%

6.68%

Return on Assets

7.77%

12.54%

-2.60%

-3.19%

2.11%

Profit Margin

1.79%

2.60%

-0.55%

-

-

Return on Shareholders Funds

39.07%

47.90%

-11.65%

-12.95%

8.76%

Borrowing Ratio

61.60%

43.38%

61.44%

67.61%

50.34%

Equity Gearing

19.89%

26.18%

22.32%

24.62%

24.02%

Debt Gearing

6.20%

3.73%

4.35%

14.39%

13.44%

Interest Coverage

140.94

72.62

-5.26

-5.00

1.95

Sales by Tangible Assets

13.91

15.05

15.12

-

-

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

0.1

0.1

0.1

-

-

Capital Employed per Employee

0.0

0.0

0.0

0.0

0.0

Tangible Assets per Employee

0.0

0.0

0.0

0.0

0.0

Total Assets per Employee

0.0

0.0

0.0

0.0

0.0

Employee Remuneration by Sales

16.87%

17.91%

20.83%

-

-

Creditor Days (Cost of Sales Based)

71.17

48.29

60.86

-

-

Creditor Days (Sales Based)

35.45

21.45

26.22

-

-

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.50

UK Pound

1

Rs.85.58

Euro

1

Rs.69.30

 

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.