MIRA INFORM REPORT

 

 

Report Date :

25.09.2012

 

IDENTIFICATION DETAILS

 

Name :

THE LANDSCAPE CENTRE LTD.

 

 

 

Registered Office :

Street Farm London Road Stanway Colchester, CO3 8LT

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

16.06.2000

 

 

Com. Reg. No.:

04015821

 

 

Legal Form :

Private Parent

 

 

Line of Business :

Landscape contractor and a dealer in landscape materials

 

 

No. of Employees :

6

 

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 :

Slow

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 – June 30th, 2012

 

Country Name

Previous Rating

(31.03.2011)

Current Rating

(30.06.2012)

United Kingdom

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

UNITED KINGDOM - ECONOMIC OVERVIEW

 

The UK, a leading trading power and financial center, is the third largest economy in Europe after Germany and France. Over the past two decades, the government has greatly reduced public ownership and contained the growth of social welfare programs. Agriculture is intensive, highly mechanized, and efficient by European standards, producing about 60% of food needs with less than 2% of the labor force. The UK has large coal, natural gas, and oil resources, but its oil and natural gas reserves are declining and the UK became a net importer of energy in 2005. Services, particularly banking, insurance, and business services, account by far for the largest proportion of GDP while industry continues to decline in importance. After emerging from recession in 1992, Britain's economy enjoyed the longest period of expansion on record during which time growth outpaced most of Western Europe. In 2008, however, the global financial crisis hit the economy particularly hard, due to the importance of its financial sector. Sharply declining home prices, high consumer debt, and the global economic slowdown compounded Britain's economic problems, pushing the economy into recession in the latter half of 2008 and prompting the then BROWN (Labour) government to implement a number of measures to stimulate the economy and stabilize the financial markets; these include nationalizing parts of the banking system, temporarily cutting taxes, suspending public sector borrowing rules, and moving forward public spending on capital projects. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated a five-year austerity program, which aims to lower London's budget deficit from over 10% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of the Exchequer George OSBORNE announced additional austerity measures through 2017 because of slower-than-expected economic growth and the impact of the euro-zone debt crisis. The CAMERON government raised the value added tax from 17.5% to 20% in 2011. It has pledged to reduce the corporation tax rate to 23% by 2015. The Bank of England (BoE) implemented an asset purchase program of up to £325 billion (approximately $525 billion) as of February 2011. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU).

Source : CIA

Company name and address

 

Top of Form

Bottom of Form

The Landscape Centre Ltd.                                                                                                            

 

Street Farm

London Road

Stanway

Colchester, CO3 8LT

United Kingdom

 

 

Tel:

01206 210642

 

www.
landscapesuppliesdirect.
com

 

Employees:

6

Company Type:

Private Parent

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

16-Jun-2000

Financials in:

USD (mil)

 

 

Fiscal Year End:

30-Jun-2011

Reporting Currency:

British Pound Sterling

Annual Sales:

NA

Total Assets:

1.4

                                      

Business Description       

 

Landscape contractor and a dealer in landscape materials.

     

Industry                                                                 

 

Industry

Retail (Department and Discount)

ANZSIC 2006:

373 - Furniture, Floor Covering and Other Goods Wholesaling

NACE 2002:

5156 - Wholesale of other intermediate products

NAICS 2002:

4239 - Miscellaneous Durable Goods Merchant Wholesalers

UK SIC 2003:

5156 - Wholesale of other intermediate products

UK SIC 2007:

4676 - Wholesale of other intermediate products

US SIC 1987:

509 - Miscellaneous Durable Goods

                      

Key Executives           

   

 

Name

Title

Mathew Joseph French

Secretary

James Colin French

Director

        

News  

 

Title

Date

UP-SKILLING FIRM IS STICKING TO ITS ROOTS
Belfast Telegraph (Northern Ireland) (308 Words)

11-Sep-2012

 

 

 

 

Financial Summary                                                          

 

FYE: 30-Jun-2011

USD (mil)

Key Figures

 

Current Assets

0.55

Fixed Assets

0.83

Total Liabilities

0.62

Net Worth

0.50

 

Key Ratios

 

Current Ratio

0.88

Acid Test

0.24

Debt Gearing

38.93

 

 

 

1 - Profit & Loss Item Exchange Rate: USD 1 = GBP 0.6291059
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP 0.6228783

 

 

Corporate Overview

 

Location
Street Farm
London Road
Stanway
Colchester, CO3 8LT
Essex County
United Kingdom

 

Tel:

01206 210642

 

www.landscapesuppliesdirect.com

Sales GBP(mil):

NA

Assets GBP(mil):

0.9

Employees:

6

Fiscal Year End:

30-Jun-2011

 

Industry:

Retail (Department and Discount)

Registered Address:
Street Farm
London Road Stanway
Colchester, CO3 8LT
United Kingdom

 

Incorporation Date:

16-Jun-2000

Company Type:

Private Parent

Quoted Status:

Not Quoted

Registered No.(UK):

04015821

 

Director:

James Colin French

Contents

Industry Codes

Business Description

Financial Data

Industry Codes

 

ANZSIC 2006 Codes:

373

-

Furniture, Floor Covering and Other Goods Wholesaling

 

NACE 2002 Codes:

5156

-

Wholesale of other intermediate products

 

NAICS 2002 Codes:

4239

-

Miscellaneous Durable Goods Merchant Wholesalers

 

US SIC 1987:

509

-

Miscellaneous Durable Goods

 

UK SIC 2003:

5156

-

Wholesale of other intermediate products

 

UK SIC 2007:

4676

-

Wholesale of other intermediate products

 

 

Business Description

Landscape contractor and a dealer in landscape materials.

 

 

More Business Descriptions

Garden Centres

 

 

 

 

 

 

 

Financial Data

 

Financials in:

GBP(mil)

 

Assets:

0.9

Current Assets:

0.3

 

Fixed Assets:

0.5

 

Long Term Debt:

0.1

 

Total Liabilities:

0.5

 

Issued Capital:

NaN

 

Working Capital:

0.0

 

Net Worth:

0.3

 

 

 

Date of Financial Data:

30-Jun-2011

 

1 Year Growth

48.9%

 

 

 

 

 

Executives Report

 

 

Board of Directors

 

Name

Title

Function

James Colin French

 

Director

Director/Board Member

Age: 41

 

 

Executives

 

Name

Title

Function

Mathew Joseph French

 

Secretary

Company Secretary

Age: 44

 

 

Directors and Shareholders Report

Annual Return Date: 16 Jun 2012

 

Individual Directors

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Mathew Joseph
French

Current

16 Sep 1968

The Hollies, Church Road, Copford,
Colchester, Essex CO6 1DD

16 Jun 2000

NA

Current:2
Previous:0
Disqualifications:0

 

James Colin
French

Current

11 Feb 1971

The Old School House, School Road Copford,
Colchester, Essex CO6 1BX

16 Jun 2000

NA

Current:1
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Company Directors Limited

Previous

788-790 Finchley Road,
London , London NW11 7TJ

16 Jun 2000

16 Jun 2000

 

 

 

 

Individual Secretaries

 

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Mathew Joseph
French

Current

16 Sep 1968

The Hollies, Church Road, Copford,
Colchester, Essex CO6 1DD

16 Jun 2000

NA

Current:2
Previous:0
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Secretaries

 

Company Name

Status

Registered Address

Appointment Date

Resignation Date

Temple Secretaries Limited

Previous

788-790 Finchley Road,
London , London NW11 7TJ

16 Jun 2000

16 Jun 2000

 

 

 

 

Individual Shareholders

 

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Amanda French

15 Ordinary GBP 1.00

Ordinary

15

1.00

15.00

15.00

J C French

35 Ordinary GBP 1.00

Ordinary

35

1.00

35.00

35.00

M J French

35 Ordinary GBP 1.00

Ordinary

35

1.00

35.00

35.00

Mandy French

15 Ordinary GBP 1.00

Ordinary

15

1.00

15.00

15.00

 

 

 

 

 

 

 

 

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)

 

 

 

 

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.629106

0.633607

0.627423

0.499214

0.517836

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Depreciation

0.1

0.0

0.0

0.1

0.1

 

 

 

Annual Balance Sheet

Financials in: USD (mil)

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.622878

0.668405

0.60722

0.502475

0.498418

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Total Tangible Fixed Assets

0.8

0.7

0.8

1.0

1.0

Intangible Assets

0.0

0.0

0.1

0.1

0.1

Investments

0.0

0.0

0.0

0.0

0.0

Total Fixed Assets

0.8

0.8

0.8

1.0

1.1

Total Stocks Work In Progress

0.4

0.3

0.3

0.5

0.6

Total Debtors

0.1

0.1

0.1

0.2

0.3

Cash and Equivalents

0.0

0.0

0.0

0.0

0.0

Other Current Assets

0.0

0.0

0.0

0.0

0.0

Total Current Assets

0.5

0.5

0.5

0.7

0.9

Total Assets

1.4

1.3

1.3

1.7

2.0

Bank Overdraft

-

0.1

0.1

0.3

0.2

Other Current Liabilities

0.6

0.5

0.4

0.5

0.9

Total Current Liabilities

0.6

0.6

0.5

0.8

1.0

Other Long Term Loans

0.2

-

-

0.3

0.3

Other Long Term Liabilities

0.0

0.2

0.2

0.1

0.1

Total Long Term Liabilities

0.2

0.2

0.2

0.3

0.4

Deferred Taxation

0.0

0.0

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

0.0

0.0

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

0.5

0.5

0.5

0.6

0.5

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

0.5

0.5

0.5

0.6

0.5

Net Worth

0.5

0.4

0.5

0.5

0.5

 

 

 

Annual Cash Flows

Financials in: USD (mil)

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate (Period Average)

0.629106

0.633607

0.627423

0.499214

0.517836

Consolidated

No

No

No

No

No

 

 

 

 

 

 

 

 

 

Annual Ratios

Financials in: USD (mil)

 

 

 

 

 

30-Jun-2011

30-Jun-2010

30-Jun-2009

30-Jun-2008

30-Jun-2007

Period Length

52 Weeks

52 Weeks

52 Weeks

52 Weeks

52 Weeks

Filed Currency

GBP

GBP

GBP

GBP

GBP

Exchange Rate

0.622878

0.668405

0.60722

0.502475

0.498418

Consolidated

No

No

No

No

No

 

 

 

 

 

 

Current Ratio

0.88

0.77

0.88

0.82

0.87

Liquidity Ratio

0.24

0.24

0.25

0.27

0.29

Borrowing Ratio

38.93%

22.00%

22.28%

106.92%

96.55%

Equity Gearing

39.37%

36.40%

41.20%

34.07%

27.28%

Debt Gearing

38.93%

-

-

50.48%

56.53%

 

 

 Bottom of Form

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.29

UK Pound

1

Rs.86.43

Euro

1

Rs.68.95

 

 

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.