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Report Date : |
08.03.2013 |
IDENTIFICATION DETAILS
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Name : |
JANE NORMAN LIMITED |
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Formerly Known As : |
MM&S (5648) LIMITED |
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Registered Office : |
Waverley Mills, Langholm, Dumfriesshire, DG13 0EB. |
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Country : |
United Kingdom |
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Date of Incorporation : |
04.02.2011 |
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Com. Reg. No.: |
SC392903 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Retailers of ladies clothing |
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No. of Employees : |
366 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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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 – June 30th, 2012
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Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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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 |
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).
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Source : CIA |
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Subject Reported on |
JANE NORMAN LIMITED |
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Registration Number |
SC392903 |
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VAT Number |
GB115093441 |
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Address |
TENTERDEN HOUSE, 3 TENTERDEN STREET, HANOVER SQUARE, LONDON, W1S 1TD. |
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Telephone |
01387 380611 |
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Facsimile |
01387 381058 |
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Email |
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Web Address |
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Legal Form |
Private Limited |
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Registration Number |
SC392903 |
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VAT Number |
GB115093441 |
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Subject Status |
Trading |
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Date of Incorporation |
04/02/2011 |
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Registered Office |
WAVERLEY MILLS, LANGHOLM, DUMFRIESSHIRE, DG13 0EB. |
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History |
4/07/2011 : Change of name from MM&S (5648) LIMITED. |
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24/06/2011 : The Registered Office address changed from QUARTERMILE
ONE, 15 LAURISTON PLACE, EDINBURG. |
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Business first established in 1952. |
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Date of Last Annual Return to Registry |
04/02/2012 |
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Accounting Reference Date |
28/02 |
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Activities |
Retailers of ladies clothing |
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Nace Code |
5242 |
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Premises |
Owned,Offices,Shop |
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Staff Employed |
366 |
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Bankers |
ROYAL BANK OF SCOTLAND PLC |
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Branches |
262 OXFORD STREET, LONDON, W1C 1DW. |
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Search History Summary |
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Last 3 Months |
Last 6 Months |
Last 12 Months |
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17 |
29 |
52 |
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Search History Details |
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The Search History Details shows details of the most recent 40
searches |
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Date |
Description |
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10/10/2012 |
Miscellaneous |
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20/09/2012 |
Miscellaneous |
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03/09/2012 |
Miscellaneous |
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03/09/2012 |
Miscellaneous |
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03/09/2012 |
Miscellaneous |
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30/08/2012 |
Miscellaneous |
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30/08/2012 |
Miscellaneous |
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23/08/2012 |
Miscellaneous |
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22/08/2012 |
Miscellaneous |
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16/08/2012 |
Miscellaneous |
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15/08/2012 |
Miscellaneous |
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13/08/2012 |
Miscellaneous |
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13/08/2012 |
Miscellaneous |
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08/08/2012 |
Miscellaneous |
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23/07/2012 |
Miscellaneous |
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13/07/2012 |
Miscellaneous |
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13/07/2012 |
Miscellaneous |
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06/07/2012 |
Miscellaneous |
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05/07/2012 |
Miscellaneous |
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05/07/2012 |
Miscellaneous |
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29/06/2012 |
Miscellaneous |
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28/06/2012 |
Miscellaneous |
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19/06/2012 |
Miscellaneous |
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14/06/2012 |
Miscellaneous |
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16/05/2012 |
Miscellaneous |
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11/05/2012 |
Miscellaneous |
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30/04/2012 |
Miscellaneous |
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27/04/2012 |
Miscellaneous |
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13/04/2012 |
Miscellaneous |
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05/04/2012 |
Miscellaneous |
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04/04/2012 |
Miscellaneous |
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26/03/2012 |
Miscellaneous |
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20/03/2012 |
Miscellaneous |
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16/03/2012 |
Miscellaneous |
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15/03/2012 |
Miscellaneous |
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14/03/2012 |
Miscellaneous |
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14/03/2012 |
Miscellaneous |
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27/02/2012 |
Miscellaneous |
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20/02/2012 |
Miscellaneous |
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20/02/2012 |
Miscellaneous |
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Summary of CCJ's/Scottish Decrees |
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No CCJs/Scottish Decrees are recorded in our file. |
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Total Number of Mortgages/Charges Registered |
2 |
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Number Outstanding |
2 |
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Number Partially Satisfied |
0 |
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Number Satisfied |
0 |
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Date of Latest Mortgage Created |
28/06/2011 |
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Date Fully |
Date |
Date |
Charge |
Form Type |
Lender |
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06/07/2011 |
28/06/2011 |
Debenture |
MG01S |
The Royal Bank Of Scotland Plc |
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28/06/2011 |
Debenture |
466 |
The Edinburgh Woollen Mill (Group) Limited |
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It should be noted that there is no legal requirement to file
satisfaction details of mortgages/charges at Companies House. |
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Date |
Source |
Description |
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05/09/2012 |
Companies House Gazette |
Notification of any change among the company's directors |
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09/03/2012 |
Companies House Gazette |
Notification of any change among the company's directors |
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21/02/2012 |
Companies House Gazette |
Notification of any change among the company's directors |
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27/01/2012 |
Companies House Gazette |
Notification of any change among the company's directors |
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19/10/2011 |
Companies House Gazette |
Any amendment to company's articles (including every resolution or
agreement required to be embodied in or annexed to copies of the company's
articles issued by |
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06/07/2011 |
Companies House Gazette |
Notification of any change among the company's directors |
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04/07/2011 |
Companies House Gazette |
Any amendment to company's articles (including every resolution or
agreement required to be embodied in or annexed to copies of the company's
articles issued by |
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04/07/2011 |
Companies House Gazette |
Notice delivered under section 636 (notice of new name of class of
shares) or 637 (notice of variation of rights attached to shares) |
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24/06/2011 |
Companies House Gazette |
Notification of any change among the company's directors |
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Secretary |
JUNE CARRUTHERS |
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Service Address |
WAVERLEY MILLS, LANGHOLM, DUMFRIESSHIRE, DG13 0EB. |
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Country of Origin |
UNITED KINGDOM |
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Appointment Date |
24/06/2011 |
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Director |
MR PHILIP EDWARD DAY |
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Service Address |
WAVERLEY MILLS, LANGHOLM, DUMFRIESSHIRE, DG13 0EB. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
25/10/1965 |
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Appointment Date |
24/06/2011 |
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Other Directorships |
EDINBURGH WOOLLEN MILL LIMITED (THE), EWM PROPERTY COMPANY
LIMITED, LANGCO LIMITED, EWM (FINANCIAL SERVICES) LIMITED, THE
GIBSON GROUP (SCOTLAND) LIMITED, DUNWILCO (1026) LIMITED, PROQUIP
LIMITED, DUNWILCO (1028) LIMITED, PEACOCKS STORES LIMITED, THE
EDINBURGH WOOLLEN MILL (GROUP) LIMITED, DUVETCO LIMITED, PROQUIP
(GROUP) LIMITED, EWM (2011) LIMITED, SUTCLIFFE HOUSE
LIMITED, DLN GROUP LIMITED, EWM HOLDINGS LIMITED, EWM GROUP
LIMITED, EWM (EBT) TRUSTEES LIMITED, EWM (TOPCO)
LIMITED, EDMOND CASTLE MANAGEMENT COMPANY LIMITED, EDMOND CASTLE
ESTATES (2008), CARLISLE CONTRACT PAINTING AND DECORATING
LIMITED, HAYTON CONSTRUCTION LIMITED, CARLISLE SIGN AND SHOPFITTING
LIMITED, ALBIA HOLIDAY INVESTMENTS LIMITED, GELTBRIDGE LAND
LIMITED, WORKFINDER LIMITED |
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Service Address |
WAVERLEY MILLS, LANGHOLM, DUMFRIESSHIRE, DG13 0EB. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
14/10/1962 |
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Appointment Date |
24/06/2011 |
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Other Directorships |
EDINBURGH WOOLLEN MILL LIMITED (THE), PROQUIP LIMITED, PEACOCKS
STORES LIMITED, THE EDINBURGH WOOLLEN MILL (GROUP) LIMITED, DUVETCO
LIMITED |
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Service Address |
THE EDINBURGH WOOLLEN MILL LTD, WAVERLEY MILLS, LANGHOLM,
DUMFRIESSHIRE, DG13 0EB. |
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Country of Origin |
UNITED KINGDOM |
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Date of Birth |
13/05/1974 |
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Appointment Date |
04/01/2012 |
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Other Directorships |
THE MILLSHOP LIMITED, JAMES PRINGLE LIMITED, EDINBURGH
WOOLLEN MILL LIMITED (THE), MACDONALDS OF OBAN LIMITED, GIBSON
& LUMGAIR (SCOTLAND) LIMITED, GLENEAGLES OF SCOTLAND (WOOLLENS
LIMITED, PITLOCHRY KNITWEAR COMPANY LIMITED, HOUSE OF GLENEAGLES
LIMITED, HIGHLAND HOME INDUSTRIES LIMITED, CLAN TARTAN CENTRE
LIMITED, ANTARTEX LIMITED, JAMES PRINGLE TEXTILES
LIMITED, SKYE WOOLLEN MILL LIMITED, JAMES PRINGLE WOOLLEN MILL
LIMITED, LLANFAIRPWLLGWYNGYLLGOGERY CHWYRNDROBWLLLLANTYSILIOGO
GOGOCH, EQUORIAN LIMITED, GLENEAGLES WOOLLEN MILLS
LIMITED, GLENEAGLES CASHMERES LIMITED, EDINGLEN LIMITED, THE
SWEATER COMPANY LIMITED, SCOTTISH WOOLLENS GROUP LIMITED, TARTAN
CENTRE LIMITED, CLAN CENTRE LIMITED, EWM PROPERTY COMPANY
LIMITED, LANGCO LIMITED, GRAMPIAN WOOLLEN MILLS
LIMITED, ROMANES & PATERSON LIMITED, THE COUNTRY TRADER
LIMITED, EWM (FINANCIAL SERVICES) LIMITED, THE EDINBURGH SWEATER COMPANY
LIMITED, plus others. |
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Shares |
Ordinary A GBP 1.00 |
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Issued Number |
4,000,000 |
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Shares |
Ordinary B GBP 1.00 |
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Issued Number |
1,000,000 |
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Principal Shareholder |
4,000,000 EWM (2011) Ltd |
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218,868 West Register (Investments) Ltd |
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213,717 Holt Funding 2008-1 Ltd |
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118,859 Alton Pollard Kaupthing Bank HF |
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90,705 JP Morgan Securities Ltd |
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72,565 IKB Deutsche Industriebank AG |
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58,667 Kaupthing Singer Friedlander |
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41,905 Creditor BV |
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40,990 BG Newco 5 EHF |
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34,769 State Bank Of India |
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33,525 Clavos Euro CDO Ltd |
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33,525 Bacchus 2007-1 PLC |
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25,143 Iron Hill Clo Ltd |
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16,762 RMF Euro CDO V PLC |
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The above reflects the principle shareholder(s) by number of shares
held, irrespective of share classification type. |
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Holding Company |
EWM (2011) LIMITED |
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Ultimate Parent |
THE EDINBURGH WOOLLEN MILL (GROUP) LIMITED |
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15/03/2012 |
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The ultimate holding company is THE EDINBURGH WOOLLEN MILL (GROUP)LTD
Results for year to 26.02.2011 show: Revenue: GBP 195.82 Million: Operating
Profit GBP 13.73 million: Interest paid: GBP 2.81m; Pretax Profit: GBP 12.49;
Total assets: GBP 159.55m; Net Worth: GBP 93.00m. |
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No accounts filed since inception. We anticipate that accounts will be
filed at Companies House and available for inspection within 22 months from
the date of incorporation. |
|
Year |
2012 |
2011 |
2010 |
2009 |
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Sample Size |
4604 |
35478 |
37414 |
36406 |
|
|
Pre-Tax Profit Margin |
4.4 |
2.2 |
1.7 |
1.1 |
|
|
Current Ratio |
1.6 |
1.3 |
1.3 |
1.3 |
|
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Borrowing Ratio |
35.7 |
38.1 |
27.5 |
19.7 |
|
|
Return on Capital |
36.8 |
35.3 |
39.4 |
37.8 |
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Creditors Days |
42 |
93 |
114 |
88 |
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Above figures relate to companies in 2003 Standard Industry Classification
(Nace) sector : Other retail sale of new goods in specialised stores |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.74 |
|
UK Pound |
1 |
Rs.82.14 |
|
Euro |
1 |
Rs.71.27 |
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 |
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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 |
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.