MIRA INFORM REPORT

 

 

Report Date :

25.10.2013

 

IDENTIFICATION DETAILS

 

Name :

FAT FACE LIMITED

 

 

Registered Office :

Unit 3 Ridgway, Havant Hampshire Po9 1qj

 

 

Country :

United Kingdom

 

 

Financials (as on) :

01.06.2013

 

 

Date of Incorporation :

02.08.1994

 

 

Com. Reg. No.:

02954734

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Retail sale of clothing

 

 

No. of Employees :

2,265

 

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, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 second largest economy in Europe after Germany. 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 aimed 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 21% by 2014. The Bank of England (BoE) implemented an asset purchase program of up to £375 billion (approximately $605 billion) as of December 2012. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

 

Source : CIA

 

Company identification

 

 

FAT FACE LIMITED

 

Telephone

 

+44 023 9244 1100

UNIT 3 RIDGWAY

Fax

-

HAVANT

Website

www.fatface.com

HAMPSHIRE

PO9 1QJ

United Kingdom

 

Company Number:     02954734 Foundation: 02/08/1994

 

Status:

 

Active - Accounts Filed

 

 

Main indices

 

Comments

 

A 27.5% growth in Total Assets occurred during the latest trading period. Pre-tax profits increased by 76.8% compared to the previous trading period. The company saw an increase in their Cash Balance of 19.7% during the latest trading period. The audit report contains no adverse comments.

 

Multiple CCJ’s recorded against the company.

 

There has been no significant change in the company’s credit rating. The company has undergone recent changes in its directorships. The company is part of a group. The company was established over 19 years ago.

 

 

Basic information

 

Legal form

Private limited with Share Capital

 

Foundation

02/08/1994

 

Company No.

02954734

 

Shareholders

 

Name

Currency

Number of shares

Share type

Nominal value

FAT FACE HOLDINGS LTD

GBP

300,000

ORDINARY

1

Total Share Capital                                                                                              GBP 300,000

 

Management

 

Directors

Name

Address:

Date of birth

Nationality

Appointment date

Mr Anthony Joseph Thompson

Unit 3 Ridgway, Havant, Hampshire PO9 1QJ

03/02/1964

British

04/12/2010

Mr Simon James Pickering

Unit 3 Ridgway, Havant, Hampshire PO9 1QJ

04/06/1975

British

01/07/2015

 

Company Secretary

Name

Address:

Appointment date

IQIA LIMITED

July Cottage Lawrence Lane, North Gorley, Fordingbridge, Hampshire SP6 2PG

06/06/2014

 

Other Known Addresses

 

1 Market Place, Abingdon, Oxfordshire OX14 3HG

1 The Oldway Centre, Monnow Street, Monmouth, Gwent NP25 3PS 1-2A Victoria Square, Truro, Cornwall TR1 2RS

1-3 Ridgway, Havant, Hampshire PO9 1QJ

10 Old Town Street, Plymouth, Devon PL1 1DE 1011 Upper Street, London N1 0PQ

102 High Street, Perth, Perthshire PH1 5TH

103 High Street, Northallerton, North Yorkshire DL7 8PP

103 The Mall, Cribbs Causeway Regional Shopping C, Patchway, Bristol, Avon BS34 5UP 106 McArthur Glen Design Outlet Cen, Livingston, West Lothian EH54 6XA

11 Appleyard, Holt, Norfolk NR25 6AR

11 High Street, Weybridge, Surrey KT13 8AX 115117 High Street, Dorking, Surrey RH4 1AL 118 Bancroft, Hitchin, Hertfordshire SG5 1LS 12 Fore Street, Totnes, Devon TQ9 5DX

12 Montpelier Vale, London, London SE3 0TA 12 The Quay, Dartmouth, Devon TQ6 9PS

12-14 Fore Street, Newquay, Cornwall TR7 1LN

122-124 Rose Street, Edinburgh, Midlothian EH2 3JF 123 Broad Street, Reading, Berkshire RG1 2BD

126 High Street, Cowes, Isle of Wight PO31 7AY 126 Kings Road, London, London SW3 4TR

128 High Street, Sevenoaks, Kent TN13 1XA 13 Duke Street, Padstow, Cornwall PL28 8AB

13 High Ousegate, York, North Yorkshire YO1 8RZ 13-14 Fore Street, Salcombe, Devon TQ8 8BU

136 Midsummer Arcade, Milton Keynes, Buckinghamshire MK9 3BA 14 Butchery Lane, Canterbury, Kent CT1 2JR

14 Church Street, Falmouth, Cornwall TR11 3DR 14-16 Northcote Road, London, London SW11 1NX

141 Grainger Street, Newcastle Upon Tyne, Tyne and Wear NE1 5AE 15 Ashford Designer Outlet, Kimberley Way, Ashford, Kent TN24 0SD 15 Back Wynd, Aberdeen, Aberdeenshire AB10 1JN

15 Crown Street, St. Ives, Cambridgeshire PE27 5EB 15 Market Place, Wokingham, Berkshire RG40 1AL 15 Marshall Way, Ripon, North Yorkshire HG4 2BT  15 South Street, Chichester, West Sussex PO19 1EJ 15 The Square, Petersfield, Hampshire GU32 3HP 15-17 Stricklandgate, Kendal, Cumbria LA9 4LY

154 Bartholomew Street, Newbury, Berkshire RG14 5HB

16 Wood Street, Stratford-upon-avon, Warwickshire CV37 6JF

160 Peel Avenue, The Trafford Centre, Manchester, Lancashire M17 8BL 17 Butter Market, Ipswich, Suffolk IP1 1BQ

17 Fore Street, Fowey, Cornwall PL23 1AH 17 The Square, Wimborne, Dorset BH21 1JA

17-18 Dukes Lane, Brighton, East Sussex BN1 1BG 176 High Street, Lewes, East Sussex BN7 1YE

       18 Chequer Street, St. Albans, Hertfordshire AL1 3YD 18 The Broadway, London, London SW19 1RE

19 Market Square, Lytham St. Annes, Lancashire FY8 5LW 1920 Cornmarket Street, Oxford, Oxfordshire OX1 3EY

2 Market Place, Ely, Cambridgeshire CB7 4NP

2 The Moors Shopping Centre, South Hawksworth Street, Ilkley, West Yorkshire LS29 9LB 2-3 High Town, Hereford, Herefordshire HR1 2AA

20 High Street, Abergavenny, Gwent NP7 5RY 21 The Meadows, Chelmsford, Essex CM2 6FD 22 High Street, Tenterden, Kent TN30 6AP

23 Ground Level Mall, Guild Square, Aberdeen, Aberdeenshire AB11 5PN 24 Belle Vue, Bude, Cornwall EX23 8JS

25 26 Gandy Street, Exeter, Devon EX4 3LS

25 Cheshire Oaks Outlet Village, Kinsey Road, Ellesmere Port, Merseyside CH65 9JJ 25 Philadelphia Street, Bristol, Avon BS1 3BZ

26 Halkett Place, St. Helier, Jersey, Channel Islands JE2 4WG 26 Market Place, St Albans, Hertfordshire AL3 5DG

269 High Street, Epping, Essex CM16 4BP

27 Cross Street, Reading, Berkshire RG1 1ST

28 High Street, Winchester, Hampshire SO23 9BL 28b High Street, Witney, Oxfordshire OX28 6HG 29 Fishergate, Preston, Lancashire PR1 3NN

29-30 Market Place, Hexham, Northumberland NE46 3PB 3 Peters Arcade, Liverpool, Merseyside L1 3DE

3 The Pebbles, St Davids, Haverfordwest, Dyfed SA62 6RD 3-5 St. Werburgh Street, Chester, Cheshire CH1 2DY

3-5 West Market Place, Cirencester, Gloucestershire GL7 2NH 30 Market Street, Leicester, Leicestershire LE1 6DP

30-30A Bell Street, Henley-on-thames, Oxfordshire RG9 2BA 305 High Street, Lincoln, Lincolnshire LN5 7DR

30b Bridge Street, Cambridge, Cambridgeshire CB2 1UJ 31 High Street, Southwold, Suffolk IP18 6AD

310312 Byres Road, Glasgow, Lanarkshire G12 8AW 31a Fife Road, Kingston-upon-thames, Surrey KT1 1SF

33-41 Promenade, Cheltenham, Gloucestershire GL50 1LE 34 Haymarket, Norwich, Norfolk NR2 1QD

34 High Street, Lymington, Hampshire SO41 9AF 34 West Street, Horsham, West Sussex RH12 1PB

35 Bargate Level, Bargate Shopping Centre, Southampton, Hampshire SO14 2YD 38 Hill Street, Richmond, Surrey TW9 1TW

38-40 Middle Gate, Newark, Nottinghamshire NG24 1AL

387-389 Ecclesall Road, Sheffield, South Yorkshire S11 8PG 39 The Hayes, Cardiff, South Glamorgan CF10 1GA

4 Fore Street, Fowey, Cornwall PL23 1AQ

4 George Street, Oxford, Oxfordshire OX1 2AF

4 High Street, Durham, County Durham DH1 3UJ 4 Princesshay, Exeter, Devon EX1 1GE

4 The Square, Shrewsbury, Shropshire SY1 1LA 4-5 Cheapside, Taunton, Somerset TA1 3LG

4-6 St. Peters Gate, Nottingham, Nottinghamshire NG1 2JG 41 Scotch Street, Carlisle, Cumbria CA3 8PT

       43-45 Marmion Road, Southsea, Hampshire PO5 2AT

48 High Street, Market Harborough, Leicestershire LE16 7AF 48 Mount Pleasant Road, Tunbridge Wells, Kent TN1 1RB

5 7 Lower Goat Lane, Norwich, Norfolk NR2 1EL 5 Fore Street, St. Ives, Cornwall TR26 1AB

5 The Parade, Canterbury, Kent CT1 2JL

5-6 Dalegate Market, King’s Lynn, Norfolk PE31 8DD

5-7 Auction Street, Bury St. Edmunds, Suffolk IP33 3FA 51 Ship Street, Brighton, East Sussex BN1 1AF

51 The Borough, Farnham, Surrey GU9 7NW

52-53 Saturday Market, Beverley, North Humberside HU17 8AA 55-57 High Street, Skipton, North Yorkshire BD23 1DS

55B High Street, Fort William, Inverness-Shire PH33 6DH 56 High Street, Epsom, Surrey KT19 8AJ

6 Gatwick Airport, South Terminal Horley, Horley, Surrey RH6 7NL 6 Newton Road, Mumbles, Swansea, West Glamorgan SA3 4AT

6 The Furlong, Ringwood, Hampshire BH24 1AT 61 High Street, Reigate, Surrey RH2 9AE

62 High Street, Haslemere, Surrey GU27 2LA 64 Cheap Street, Sherborne, Dorset DT9 3BJ

67-71 High Street, Marlow, Buckinghamshire SL7 1AB 69 Queen Street, Glasgow, Lanarkshire G1 3BZ

69-70 Briggate, Leeds, West Yorkshire LS1 6LH 6A Market Cross, Ambleside, Cumbria LA22 9BT

7 Orchard Square, Sheffield, South Yorkshire S1 2FB

7 St Pancras International Station, Pancras Road Regent’s Park, London NW1 2QL 7 St. Lawrence Street, Bath, Avon BA1 1AN

7-8 Grove Court, Beaconsfield, Buckinghamshire HP9 1QW 70 Clarks Village, Street, Somerset BA16 0HN

74 Pingle Drive, Bicester, Oxfordshire OX26 6WN 77 Northcote Road, London SW11 6PJ

77 Peascod Street, Windsor, Berkshire SL4 1DH

78 Market Street, Cambridge, Cambridgeshire CB2 3PA 79 Main Street, Keswick, Cumbria CA12 5DS

7A Regent Street, Knutsford, Cheshire WA16 6GR

8 10 Old George Mall, Salisbury, Salisbury, Wiltshire SP1 2AF 8 High Street, Stamford, Lincolnshire PE9 2AL

8 Marine Terrace, High Street, Rhosneigr, Gwynedd LL64 5UQ 8 Market Hill, Coggeshall, Colchester, Essex CO6 1TS

8 Market Place, Wantage, Oxfordshire OX12 8AB

8 Princes Street, Harrogate, North Yorkshire HG1 1NH

8 Sanderson Arcade, Morpeth, Northumberland NE61 1NS 8-9 Quay Hill, Lymington, Hampshire SO41 3AR

81 Market Street, St. Andrews, Fife KY16 9NX

83 East Street, Chichester, West Sussex PO19 1HA 84 West Street, Tavistock, Devon PL19 8AQ

86 Park Street, Bristol, Avon BS1 5LA

87 High Street, Barnstaple, Devon EX31 1HR

88 High Street, Meadowhall Centre, Sheffield, South Yorkshire S9 1EN 89-91 Church Street, Malvern, Worcestershire WR14 2AE

        9 11 High Street Arcade, Cardiff, South Glamorgan CF10 1BB

9 Old George Mall, Salisbury, Wiltshire SP1 2AF 9-15 Market Street, Guildford, Surrey GU1 4LB 95 High Street, Bromley, Kent BR1 1JW

96 High Street, Worcester, Worcestershire WR1 2HL

96B Grampian Road, Aviemore, Inverness-Shire PH22 1RH 98/41 Ocean Drive, Edinburgh, Midlothian EH6 6JJ

Airside Departure Lounge, Terminal Building Bassingbourne Roa, London Stansted Airport, Stansted, Essex CM24 1RW

Airside Departure Lounge, Terminal One, Manchester Airport, Manchester, Lancashire M90 3HG Ash Street, Bowness-On-Windermere, Windermere, Cumbria LA23 3EB

Brent Cross Shopping Centre, Prince Charles Drive, London, London NW4 3FD Cabot Place, 25 Philadelphia Street, Bristol, Avon BS1 3BZ

Capitol Shopping Centre, Queen Street, Cardiff, South Glamorgan CF10 2HQ Craig’s Plaza, 513 Fountain Street, Belfast BT1 5EA

Euston Station, London, London NW1 2DU

Gable House, 18-24 Turnham Green Terrace, London, London W4 1QP Headland Road, Newquay, Cornwall TR7 1HY

Kiosk 1, Craven Court, High Street, Skipton, North Yorkshire BD23 1DG Lon Pen Cei, Abersoch, Pwllheli, Gwynedd LL53 7DW

Main Road, Burnham Deepdale, King’s Lynn, Norfolk PE31 8DD

Ocean House, North Esplanade, St. Peter Port, Guernsey, Channel Islands GY1 2LQ Portland Terrace, Southampton, Hampshire SO14 7EG

Retail Unit C13, Terminal 1, Manchester Airport, Manchester M90 3RR Saddler Street, Saddlers Yard, Durham, County Durham DH1 3NP

Shorts Gardens, Thomas Neal Centre, 35 Earlham Street, London, London WC2H 9LD South Terminal, London Gatwick Airport, Gatwick, West Sussex RH6 0NN

Terminal One, Hounslow, Middlesex TW6 1AP

The Broadway Shopping Centre, 6061 U56 Broadway, London W5 5JY The Mailbox, 57 Wharfside Street, Birmingham, West Midlands B1 1RE Thomas Neal Centre, 35 Earlham Street, London, London WC2H 9LD Town Centre, 128 High Street, Sevenoaks, Kent TN13 1XA

Town Centre, 4-6 St. Peters Gate, Nottingham, Nottinghamshire NG1 2JG Tudor Arcade, South Street, Dorchester, Dorset DT1 1BN

U027b Upper Rose Gallery, Bluewater Shopping Centre Bluewater, Greenhithe, Kent DA9 9SR Unit 078a Bluewater, Greenhithe, Kent DA9 9SA

Unit 1, Taylor Square, Newgate, Beccles, Suffolk NR34 9AT Unit 13, 1 Canada Square, London, London E14 5AX

Unit 2, 11 Thoroughfare, Woodbridge, Suffolk IP12 1AA

Unit 2-3, Acresfield, 8 Exchange Street, Manchester, Lancashire M2 7HA Unit 26, Putney Exchange, Putney High Street, London, London SW15 1TW Unit 4, Eastgate Shopping Centre, Inverness, Inverness-Shire IV2 3PP

Unit 56 King Edward Court, Windsor, Berkshire SL4 1TG

Unit 6 The Thistles Shopping Centre, Stirling, Stirlingshire FK8 2EA

Unit 62 Bridgwater Park, Cascum Road, Banbridge, Co Down BT32 4LF Unit 7 St Pancras Station, London NW1 2QL

Unit B, The Orchards, Haywards Heath, West Sussex RH16 3TH

Unit G18 The Bentall Centre, Kingston-upon-thames, Surrey KT1 1TP

Unit L1, St. Peters Quarter, Old Christchurch Road, Bournemouth, Dorset BH1 2AD Unit U29, Upper Rose Gallery, Bluewater, Greenhithe, Kent DA9 9SP

      Upper Level, West Quay Shopping Centre, Southampton, Hampshire SO15 1QD’'

 

 

Company relationships

 

Company no.               Name                                                          Status             Country

Ultimate Parent

06148029                           FAT FACE GROUP LIMITED                                            Active                   United Kingdom

 

Affiliated Companies

06148023

FAT FACE WORLD INVESTMENTS LTD

Active

United Kingdom

 

06148075

FAT FACE WORLD BORROWINGS LTD

Active

United Kingdom

 

05425282

FAT FACE FULHAM LIMITED

Active

United Kingdom

05425494

FAT FACE NEWCO 1 LIMITED

Active

United Kingdom

05430680

FAT FACE NEWCO 2 LIMITED

Active

United Kingdom

 

 

Immediate Parent

03906241                           FAT FACE HOLDINGS LIMITED                                     Active                   United Kingdom

 

Business activities

 

Activity

Retail sale of clothing

 

 

Economic data

 

Turnover and Employees

 

Date of Accounts                      Turnover                      Employees

28/05/2011                                GBP 152,675,000          2,083

02/06/2012                                GBP 163,622,000          2,191

01/06/2013                                GBP 178,829,000          2,265

 

 

Supplementary data

 

Auditor

 

Auditor name

KPMG LLP

 

Events

 

County Court Judgments (CCJs)

 

Date                 Amount             Court                            Case number     Status              Date paid

06/10/2012

GBP 267

NORTHAMPTON CCMCC

2YL84223

Judgement

-

03/01/2013

GBP 147

NORTHAMPTON CCBC

2QL68871

Judgement

-

26/06/2013

GBP 25

NORTHAMPTON CCBC

3QT35703

Judgement

-

 

Company history

 

Date                 Action

12/11/2008        New Accounts Filed

30/12/2008        Mr S.G. Owens has left the board

31/08/2009        Annual Returns

02/09/2009        Annual Returns

16/02/2010        Mrs L. Barnes has left the board

16/02/2010        New Board Member Mr A. Giles appointed

16/02/2010        New Board Member Mr P.A. Fox appointed

03/03/2010        New Board Member Mr G.P. Weldon appointed

13/03/2010        New Accounts Filed

13/03/2010        New Accounts Filed

23/04/2010        Mr G.P. Weldon has left the board

23/04/2010        Mr A. Giles has left the board

23/04/2010        Mr P.A. Fox has left the board

23/04/2010        New Board Member Mr A.J. Thompson appointed

18/08/2010        Annual Returns

19/11/2010        New Accounts Filed

19/11/2010        New Accounts Filed

02/12/2010        Mr S.S. Wills has left the board

02/12/2010        New Board Member Mr A.J. Giles appointed

01/06/2011        New Board Member Ms E.S. Tate appointed

25/06/2011        Mr A.J. Giles has left the board

02/09/2011        Annual Returns

15/09/2011        New Accounts Filed

15/09/2011        New Accounts Filed

19/07/2012        Mr A.J. Day has resigned as company secretary

19/07/2012        New Company Secretary IQIA LIMITED appointed

28/08/2012        Annual Returns

04/09/2012        New Accounts Filed

04/09/2012        New Accounts Filed

08/02/2013        Ms E.S. Tate has left the board

08/02/2013        New Board Member Mr S.J. Pickering appointed

06/08/2013        New Board Member Ms H. Cowing appointed

12/08/2013        Ms H. Cowing has left the board

13/08/2013        Annual Returns

23/09/2013        New Accounts Filed

23/09/2013        New Accounts Filed

 

Mortgages

 

Mortgage type

FIXED AND FLOATING CHARGE

Charge created

17/08/1994

Charge registered

19/08/1994

Status

SATISFIED

Entitled person

MIDLAND BANK PLC

Secured amount

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

Mortgage detail

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING UNCALLED CAPITAL GOODWILL BOOKDEBTS AND PATENTS

 

 

Mortgage type

MORTGAGE DEBENTURE

Charge created

04/12/1996

Charge registered

09/12/1996

Status

SATISFIED

Entitled person

NATIONAL WESTMINSTER BANK PLC

Secured amount

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

Mortgage detail

A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROP- ERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

 

 

Mortgage type

LEGAL MORTGAGE

Charge created

04/02/1997

Charge registered

10/02/1997

Status

SATISFIED

Entitled person

NATIONAL WESTMINSTER BANK PLC

Secured amount

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

Mortgage detail

F/H 126 HIGH STREET COWES ISLE OF WIGHTT/NO IW 36104 AND THE PRO- CEEDS OF SALE THEREOF AND BY WAY OF A FLOATING CHARGE OVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIP- MENT AND AN ASSIGNMENT OF THEGOODWILL AND CONNECTION OF ANY BUSI- NESSTOGETHER WITH THE FULL BENEFIT OF ALL LICENCES

 

 

Mortgage type

RENTAL DEPOSIT DEED

Charge created

31/12/1998

Charge registered

09/01/1999

Status

SATISFIED

Entitled person

SMARTLAND INVESTMENTS INC.

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE LEASE BETWEEN THE COMPANY (AS TENANT) AND THE CHARGEE (AS LANDLORD) DATED 24TH NOVEMBER 1998 RELATING TO PROPERTY AT 14 MERCERY LANE CANTERBURY KENT

 

 

Mortgage detail

ALL THE COMPANY§RIGHT TITLE AND INTEREST IN AND TO THE DEPOSIT AC- COUNT IN THENAME OF SMARTLAND INVESTMENTS INC. WITHTHE LANDLORDS SOLICITORS IN WHICH THE INITIAL DEPOSIT OF GBP 11,250 IS PLACED

 

 

 

 

Mortgage type

MORTGAGE OF TRADE MARKS TRADENAMES AND GOODWILL

 

Charge created

12/02/2000

 

Charge registered

22/02/2000

 

Status

SATISFIED

 

Entitled person

BARCLAYS BANK PLC

 

Secured amount

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

 

Mortgage detail

ALL  THE  UNITED  KINGDOM  TRADE  MARKS  LISTED  SEE  THE  MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

 

 

Mortgage type

DEBENTURE

 

Charge created

12/02/2000

 

Charge registered

22/02/2000

 

Status

SATISFIED

 

Entitled person

BARCLAYS BANK PLC

 

Secured amount

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

 

Mortgage detail

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

 

 

 

 

Mortgage type

RENT DEPOSIT DEED

 

Charge created

17/10/2002

 

Charge registered

24/10/2002

 

Status

OUTSTANDING

 

Entitled person

BLUECO LIMITED

 

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE

 

Mortgage detail

THE DEPOSIT TOGETHER WITH ANY INTEREST CALCULATED TO THE DEPOSIT ACCOUNT BEING THE ACCOUNT AT THE BANK IN THE LANDLORD§SOLE NAME AND ANY MONEYS REINSTATED TOTHE DEPOSIT ACCOUNT BY THE COMPANY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

 

 

Charge created

29/04/2005

 

Charge registered

13/05/2005

 

Status

OUTSTANDING

 

Entitled person

THE ROYAL BANK OF SCOTLAND PLC (AS SECURITY TRUSTEE)

 

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE

 

Mortgage detail

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERYSEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

 

 

Mortgage type

DEBENTURE

 

Charge created

17/05/2007

 

Charge registered

24/05/2007

 

Status

OUTSTANDING

 

Entitled person

BNP PARIBAS (THE SECURITY TRUSTEE)

 

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE OR ANY OF THE OTHER SECURED PARTIES ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EV- IDENCING THE CHARGE

 

Mortgage detail

FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UN- CALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

 

 

 

Mortgage type

DEBENTURE

 

Charge created

01/10/2012

 

Charge registered

03/10/2012

 

Status

OUTSTANDING

 

Entitled person

BNP PARIBAS (AS SECURITY TRUSTEE FOR THE SECURED PARTIES)

 

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM EACH COMPANY TO THE CHARGEE (WHETHER FOR ITS OWN ACCOUNT OR AS TRUSTEE FOR THE SECURED PAR- TIES) OR ANY OF THE OTHER SECURED PARTIES ON ANY ACCOUNT WHATSO- EVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

 

Mortgage detail

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UN- CALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT AND MACHINERY. SEE IMAGE FOR FULL DETAILS

 

 

 

Accounts

 

Profit & Loss

 

 

01/06/2013

56

GBP

Group: No

02/06/2012

61

GBP

Group: No

28/05/2011

56

GBP

Group: No

29/05/2010

56

GBP

Group: No

Turnover

178,829,000

163,622,000

152,675,000

135,359,000

Export

5,311,000

5,072,000

42,749,000

51,436,000

Wages And Salaries

28,683,000

25,132,000

24,701,000

22,641,000

Directors Emoluments

1,900,000

733,000

1,771,000

2,198,000

Operating Profit

13,117,000

7,507,000

4,442,000

655,000

Depreciation

5,129,000

6,433,000

6,779,000

7,254,000

Audit Fees

85,000

77,000

112,000

92,000

Interests Payments

3,768,000

2,572,000

1,653,000

983,000

Pre Tax Profit

16,307,000

9,223,000

6,149,000

2,871,000

Taxation

-5,013,000

-2,897,000

-3,596,000

-2,822,000

Profit After Tax

11,294,000

6,326,000

2,553,000

49,000

Dividends Payable

0

0

0

0

Retained Profit

11,294,000

6,326,000

2,553,000

49,000

 

Balance Sheet

 

 

01/06/2013

56

GBP

Group: No

02/06/2012

61

GBP

Group: No

28/05/2011

56

GBP

Group: No

29/05/2010

56

GBP

Group: No

Tangible Assets

16,807,000

15,903,000

18,390,000

20,279,000

Intangible Assets

1,504,000

892,000

17,000

61,000

Total Fixed Assets

18,311,000

16,795,000

18,407,000

20,340,000

Stock

16,839,000

16,059,000

19,637,000

14,821,000

Trade Debtors

448,000

761,000

899,000

1,281,000

Cash

27,286,000

22,794,000

13,459,000

3,844,000

Other Debtors

101,067,000

71,776,000

55,847,000

40,165,000

Miscellaneous Current Assets

367,000

645,000

0

892,000

Total Current Assets

146,007,000

112,035,000

89,842,000

61,003,000

Trade Creditors

11,838,000

10,689,000

9,265,000

6,441,000

Bank Loans and Overdraft

0

0

0

676,000

Other Short Term Finance

55,879,000

42,190,000

30,770,000

15,699,000

Miscellaneous Current Liabilities

18,364,000

10,759,000

11,170,000

7,834,000

Total Current Liabilities

86,081,000

63,638,000

51,205,000

30,650,000

Bank Loans and Overdrafts LTL

8,103,000

8,025,000

7,128,000

7,378,000

Other Long Term Finance

0

0

0

0

Total Long Term Liabilities

8,103,000

8,025,000

7,128,000

6,702,000

 

 

Capital & Reserves

 

 

01/06/2013

56

GBP

Group: No

02/06/2012

61

GBP

Group: No

28/05/2011

56

GBP

Group: No

29/05/2010

56

GBP

Group: No

Called Up Share Capital

300,000

300,000

300,000

300,000

P and L Account Reserve

56,997,000

45,703,000

39,377,000

36,824,000

Revaluation Reserve

0

0

0

0

Sundry Reserves

12,837,000

11,164,000

10,239,000

6,867,000

Shareholders Funds

70,134,000

57,167,000

49,916,000

43,991,000

 

Other Financial Items

 

 

01/06/2013

56

GBP

Group: No

02/06/2012

61

GBP

Group: No

28/05/2011

56

GBP

Group: No

29/05/2010

56

GBP

Group: No

Net Worth

68,630,000

56,275,000

49,899,000

43,930,000

Working Capital

59,926,000

48,397,000

38,637,000

30,353,000

Total Assets

164,318,000

128,830,000

108,249,000

81,343,000

Total Liabilities

94,184,000

71,663,000

58,333,000

37,352,000

Net Assets

70,134,000

57,167,000

49,916,000

43,991,000

 

Cash Flow

 

 

01/06/2013

56

GBP

Group: No

02/06/2012

61

GBP

Group: No

28/05/2011

56

GBP

Group: No

29/05/2010

56

GBP

Group: No

Net Cash Flow from Operations

10,907,000

13,685,000

14,577,000

3,932,000

Net Cash Flow before Financing

4,502,000

9,480,000

10,306,000

-1,148,000

Net Cash Flow from Financing

-10,000

-145,000

-15,000

-31,000

Increase in Cash

4,492,000

9,335,000

9,615,000

-503,000

 

Miscellaneous

 

 

01/06/2013

56

GBP

Group: No

02/06/2012

61

GBP

Group: No

28/05/2011

56

GBP

Group: No

29/05/2010

56

GBP

Group: No

Capital Employed

78,237,000

65,192,000

57,044,000

50,693,000

 

Financial Ratios

 

 

01/06/2013

 

02/06/2012

 

28/05/2011

 

29/05/2010

 

Pre Tax Profit Margin

9.12 %

5.64 %

4.03 %

2.12 %

Current Ration

1.70

1.76

1.75

1.99

Sales or Net Working Capital

2.98

3.38

3.95

4.46

Gearing

11.55 %

14.04 %

14.28 %

16.77 %

Equity

43.08 %

44.68 %

46.12 %

54.12 %

Creditor Days

24.09

24.23

22.08

17.32

Debtor Days

0.91

1.72

2.14

3.44

Liquidity or Acid test

1.50

1.50

1.37

1.50

Return on Capital Employed

20.84 %

14.14 %

10.77 %

5.66 %

Return on Total Assets Employed

9.92 %

7.15 %

5.68 %

3.52 %

Current Debt Ratio

1.22 %

1.11 %

1.02 %

0.69 %

Total Debt Ratio

1.34 %

1.25 %

1.16 %

0.84 %

Stock Turnover Ratio

9.41 %

9.81 %

12.86 %

10.94 %

Return on Net Assets Employed

23.25 %

16.13 %

12.31 %

6.52 %

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.41

UK Pound

1

Rs.99.53

Euro

1

Rs.84.82

 

 

INFORMATION DETAILS

 

Report Prepared by :

SDA

 

 

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.