MIRA INFORM REPORT

 

 

Report Date :

28.10.2013

 

IDENTIFICATION DETAILS

 

Name :

A-WEAR LIMITED

 

 

Registered Office :

Creation House, Grafton House, Dublin 2   216410

 

 

Country :

Ireland

 

 

Financials (as on) :

2010

 

 

Date of Incorporation :

22.08.1907

 

 

Com. Reg. No.:

IE003231

 

 

Legal Form :

Single Member Private Company Limited

 

 

Line of Business :

Wholesale of clothing

 

 

No. of Employees :

377

 

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 – March 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Ireland

B1

B1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

IRELAND - ECONOMIC OVERVIEW

 

Ireland is a small, modern, trade-dependent economy. Ireland was among the initial group of 12 EU nations that began circulating the euro on 1 January 2002. GDP growth averaged 6% in 1995-2007, but economic activity has dropped sharply since the onset of the world financial crisis, with GDP falling by over 3% in 2008, nearly 7% in 2009, and less than 1% in 2010. Ireland entered into a recession in 2008 for the first time in more than a decade, with the subsequent collapse of its domestic property and construction markets. Property prices rose more rapidly in Ireland in the decade up to 2007 than in any other developed economy. Since their 2007 peak, average house prices have fallen 47%. In the wake of the collapse of the construction sector and the downturn in consumer spending and business investment, the export sector, dominated by foreign multinationals, has become a key component of Ireland's economy. Agriculture, once the most important sector, is now dwarfed by industry and services. In 2008 the former COWEN government moved to guarantee all bank deposits, recapitalize the banking system, and establish partly-public venture capital funds in response to the country's economic downturn. In 2009, in continued efforts to stabilize the banking sector, the Irish Government established the National Asset Management Agency (NAMA) to acquire problem commercial property and development loans from Irish banks. Faced with sharply reduced revenues and a burgeoning budget deficit, the Irish Government introduced the first in a series of draconian budgets in 2009. In addition to across-the-board cuts in spending, the 2009 budget included wage reductions for all public servants. These measures were not sufficient. In 2010, the budget deficit reached 32.4% of GDP - the world's largest deficit, as a percentage of GDP - because of additional government support for the banking sector. In late 2010, the former COWEN government agreed to a $112 billion loan package from the EU and IMF to help Dublin further increase the capitalization of its banking sector and avoid defaulting on its sovereign debt. Since entering office in March 2011, the new KENNY government has intensified austerity measures to try to meet the deficit targets under Ireland's EU-IMF program. Ireland achieved moderate growth of 1.4% in 2011 and cut the budget deficit to 9.1% of GDP. Although the recovery slowed in 2012 because of weaker EU demand for Irish exports, Dublin managed to trim the deficit to about 8.5% of GDP

Source : CIA

Company name

 

A-WEAR LIMITED

 

 

Company Summary

 

Company Name                        A-WEAR LIMITED

Company Registration             IE003231

Country                                    IE        

Activity Code                            51429   

 

Activity Description      WHOLESALE OF CLOTHING (NOT ELSEWHERE CLASSIFIED)

Company Status          In Receivership / Administration    

Latest Turnover            39,503,000.00 (EUR)

 

 

Company Identification

 

Activities

Activity Code                51429

Activity Description      WHOLESALE OF CLOTHING (NOT ELSEWHERE CLASSIFIED)

 

 

Previous Names

 

Previous Name             BROWN THOMAS & CO.          

Date Changed               12/06/1995

 

 

Basic Information   

 

Company Name

A-WEAR LIMITED

 

Registered Company Name

A-WEAR LIMITED

Company Registration Number

IE003231

 

Country

IE

VAT Registration Number

 

 

VAT Registration Date

 

Date of Company Registration

22/08/1907

 

Date of Starting Operations

22/08/1907

Commercial Court

 

 

Legal Form

SINGLE MEMBER PRIVATE COMPANY LIMITED BY SHARES

Type of Ownership

 

 

Company Status

In Receivership / Administration

Principal Activity Code

 

 

Principal Activity Description

The retail of Women's high street fashion.

Contact Address

CREATION HOUSE, HOUSE,  DUBLIN 2

GRAFTON

216410

Contact Telephone Number

016717200

Main Address

 

Address          CREATION HOUSE,  GRAFTON HOUSE,  DUBLIN 2   216410

Telephone        016717200

 

 

Current Directors Managers

 

Name                            LAURENCE GERARD HOWARD

Address                      WARDLEY,  NEW ROAD,   GREYSTONES,  CO. WICKLOW

Date of Birth                 25/02/1974

Position                       Company Secretary

Date Appointed            17/10/2011

 

 

Name                            LAURENCE GERARD HOWARD

Address                      WARDLEY,  NEW ROAD,   GREYSTONES,  CO. WICKLOW

Date of Birth                 25/02/1974

Position                       Director

Date Appointed            17/10/2011

 

Name                            MARK HOWARD NAUGHTON RUMBO

Address                      23 CRANMER PLACE,  OFF HADDINGTON ROAD,   BALLSBRIDGE,  DUBLIN 4.

Date of Birth                     14/11/1960

Position                       Director

Date Appointed            22/04/2008

 

 

Share Capital Structure

 

Issued Share capital    381,000.00 (EUR)

Name                            A-WEAR IRELAND SERVICES LTD

 

 

Extended Group Structure

 

 

 

Company Name

Registration Number

Status

Last Financials

1  HILCO TRADING LLC

US12104841

Active

 

2  HILCO COMMERCIAL LIMITED

05907637

Active

29/12/2012

3  MARINE SALES UK LIMITED

06597786

Other

31/12/2011

3  DB INVOICE FINANCE HOLDINGS LTD

07371488

NonActive

29/12/2012

4  DB INVOICE FINANCE 15 LIMITED     07423312          NonActive         29/12/2012

3  CLIPPER MARINE LIMITED

05837682

Other

31/12/2011

4  CLIPPER MARINE MOTORBOATS LIMITED

06259630

Other

31/12/2011

2  HILCO INDUSTRIAL LIMITED

06088178

Active

31/12/2012

2  HILCO MERCHANT RESOURCES LLC

 

Other

 

3  HILCO LONDON LIMITED       03966729          Active   29/12/2012

4  VALCO GP II LIMITED

06856652

NonActive

29/12/2012

4  HILCO GP LIMITED

07061841

NonActive

29/12/2012

4  VALCO GP III LIMITED

07236701

NonActive

29/12/2012

4  ROWAN GP I LIMITED

07884902

NonActive

29/12/2012

4  MCDH GP LIMITED

08303989

Active

 

4  ALLIED CARPETS RETAIL LIMITED

06832172

Pending

26/12/2009

4  HILCO CAPITAL LIMITED

03944915

Active

29/12/2012

5  STUNDER 200 LIMITED

05837465

Other

31/12/2011

5  RETAIL AGENTS 120 LIMITED

05837527

NonActive

29/12/2012

5  RETAIL AGENTS 170 LIMITED

06330484

Active

29/12/2012

5  FILEFIGURE 10 LIMITED

06721495

Active

29/12/2012

6  F10 PROP CO LTD    06892348          Active   29/12/2012

5  RETAIL AGENTS 210 LIMITED

06804877

Active

29/12/2012

5  ALLIED FLOORING LTD

06892812

Pending

26/12/2009

5  VALCO EQUITY LIMITED

06951904

NonActive

29/12/2012

6  VALCO INVESTMENTS LIMITED

06951905

NonActive

29/12/2012

5  RETAIL AGENTS 230 LIMITED

07063114

Active

29/12/2012

5  STUNDER 5 LIMITED

07063132

NonActive

29/12/2012

5  RETAIL INVESTMENTS LIMITED

07080297

Active

29/12/2012

6  LIFESTYLE HOLDINGS LIMITED

06076425

Active

31/12/2011

7  RST LIMITED

06076341

Active

31/12/2011

7  PP07 LIMITED

06084076

Pending

31/12/2010

6  1927 LIMITED

03691568

Other

31/08/2011

7  1927 (RSB) LIMITED

05520709

Pending

31/08/2011

5  FILEFIGURE 20 LIMITED

07080426

Active

29/12/2012

5  FILEFIGURE 30 LIMITED

07080492

Active

29/12/2012

5  HILCO LENDER SERVICES LIMITED

07098555

Active

29/12/2012

5  MORE OR LESS LIMITED

07098559

Active

29/12/2012

5  HILCO WHOLESALE LTD

07180966

Active

29/12/2012

5  HILCO IRELAND LIMITED

07184332

NonActive

31/12/2011

5  ALCYON FINANCIAL LIMITED

07213321

Active

29/12/2012

5  HILCO RETAIL PROPERTY SERVICES LIMITED

07217759

Active

29/12/2012

5  BANBURY FURNITURE LIMITED

07441835

Other

31/12/2011

5  RETAIL AGENTS 250 LIMITED

07530506

Active

29/12/2012

5  HUK 10 LTD

07530828

Active

29/12/2012

6  HUK 17 LIMITED

07731414

NonActive

29/12/2012

6  HUK 18 LIMITED

07767826

NonActive

29/12/2012

6  HUK 19 LIMITED

07767893

NonActive

29/12/2012

5  HUK 11 LTD

07530964

NonActive

29/12/2012

 

 

5  HILCO BID (EUROPE) LIMITED

07652746

NonActive

29/12/2012

5  HUK 16 LIMITED

07731455

NonActive

29/12/2012

5  HUK 21 LIMITED

07802092

NonActive

29/12/2012

5  HUK 31 LIMITED

07939793

NonActive

29/12/2012

5  RETAIL AGENTS 260 LIMITED

08116644

NonActive

29/12/2012

5  FILEFIGURE LIMITED

04010507

Active

29/12/2012

5  HILCO CAPITAL IRELAND LIMITED

IE489609

Active

31/12/2012

6  MAPLE TOPCO LIMITED       06214668          Pending            31/01/2010

7  MAPLE MIDCO LIMITED

06214646

Pending

31/01/2010

8  A-WEAR IRELAND SERVICES LIMITED

IE438355

Pending

31/01/2010

9  A|WEAR UK LIMITED

06554847

Pending

31/01/2010

9  A-WEAR LIMITED

IE003231

Pending

31/01/2010

8  T.J. CALLAGHAN AND COMPANY LIMITED

IE027587

Pending

31/01/2010

5  HILCO DEVELOPMENTS LIMITED

05681384

NonActive

29/12/2012

5  HILCO RETAIL INVESTMENTS 10 LIMITED

05252011

NonActive

01/01/2011

6  HYPER VALUE (HOLDINGS) LIMITED            01546677          Pending            31/12/2008

5  HILCO UK LIMITED

06892774

NonActive

29/12/2012

6  THE FLOORING COMPANY (UK) LTD

08067760

Active

 

7  THEFLOORCO LIMITED

07710842

Active

31/07/2012

5  HYPER VALUE RETAIL LIMITED

05726765

Active

29/12/2012

5  INAHB LIMITED         06969000          NonActive         29/12/2012

6  DB INVOICE FINANCE 12 LTD

06966476

NonActive

29/12/2012

5  RETAIL AGENTS LIMITED

05649828

Active

29/12/2012

4  HILCO INVESTMENTS LIMITED

06712092

Active

29/12/2012

5  HT2M LIMITED

06712108

Active

29/12/2012

6  TWICE2MUCH LIMITED

04880528

Active

29/12/2012

7  TWICE2MUCH (AFRICA) LIMITED

07427643

Active

29/12/2012

6  HILCO RECOVERY LIMITED

06712146

NonActive

29/12/2012

5  THE MARKETING INNOVATION GROUP LIMITED

06963849

Active

31/12/2012

6  CUSTOMER CLUB LIMITED

06971953

Active

31/12/2012

4  HOME FLOORING SOLUTIONS LIMITED

06811286

Pending

31/12/2011

4  HUK 14 LIMITED

07662204

Active

29/12/2012

4  OCEANS OUTDOOR HOLDINGS LIMITED

07511683

Pending

31/12/2011

5  OCEANS BRANDS LIMITED

07457185

Other

31/12/2011

5  OCEANS OUTDOOR IMPORTS LIMITED

07433629

Other

31/12/2011

5  OCEANS OUTDOOR FURNITURE LIMITED

07456065

Pending

31/12/2011

4  PARK PE HOLDINGS LIMITED

07368995

Other

31/12/2011

5  PARK PRECISION ENGINEERING LIMITED

07184258

Pending

31/12/2011

5  W J MORRAY ENGINEERING LTD

07631359

Pending

31/12/2011

2  SD RETAIL CONSULTING

US25640014

Active

 

3  HILCO RETAIL CONSULTING LIMITED

06393910

Active

29/12/2012

2  VALCO CAPITAL PARTNERS II LIMITED PARTNERSHIP

LP013365

Other

 

3  DENBY HOLDINGS LIMITED

06760049

Active

31/12/2012

4  POOLE POTTERY RETAIL LIMITED

06081868

Active

31/12/2012

4  DENBY BRANDS LIMITED

06761664

Active

31/12/2012

4  DENBY NORTH AMERICA LIMITED

06784097

Active

31/12/2012

5  DENBY USA LIMITED

03112680

Active

31/12/2012

4  DENBY RETAIL LIMITED

06800973

Active

31/12/2012

4  DENBY CATERING LIMITED

06808176

Active

31/12/2012

4  DENBY ACCESSORIES LIMITED

07522860

NonActive

31/12/2012

4  HARTLEY GREENS LIMITED

07561663

Active

31/12/2012

4  BURGESS & LEIGH LIMITED

03820303

Active

31/12/2012

4  DENBY POTTERIES LIMITED

06784072

Active

31/12/2012

4  THE DENBY POTTERY COMPANY LIMITED

06798163

Active

31/12/2012

 

 

Affiliated Companies

 

Affiliate Name   HILCO COMMERCIAL LIMITED

Affiliate ID        GB003/0/05907637

Country            GB

 

Affiliate Name   MARINE SALES UK LIMITED

Affiliate ID        GB003/0/06597786

Country            GB

 

Affiliate Name   DB INVOICE FINANCE HOLDINGS LTD

Affiliate ID        GB003/0/07371488

Country            GB

 

Affiliate Name   DB INVOICE FINANCE 15 LIMITED

Affiliate ID        GB003/0/07423312

Country            GB

 

Affiliate Name   CLIPPER MARINE LIMITED

Affiliate ID        GB003/0/05837682

Country            GB

 

Affiliate Name   CLIPPER MARINE MOTORBOATS LIMITED

Affiliate ID        GB003/0/06259630

Country            GB

 

Affiliate Name   HILCO INDUSTRIAL LIMITED

Affiliate ID        GB003/0/06088178

Country            GB

 

Affiliate Name   HILCO LONDON LIMITED

Affiliate ID        GB003/0/03966729

Country            GB

 

Affiliate Name   VALCO GP II LIMITED

Affiliate ID        GB003/0/06856652

Country            GB

 

Affiliate Name   HILCO GP LIMITED

Affiliate ID        GB003/0/07061841

Country            GB

 

Affiliate Name   VALCO GP III LIMITED

Affiliate ID        GB003/0/07236701

Country            GB

 

Affiliate Name   ROWAN GP I LIMITED

Affiliate ID        GB003/0/07884902

Country            GB

 

Affiliate Name   MCDH GP LIMITED

Affiliate ID        GB003/0/08303989

Country            GB

 

Affiliate Name   ALLIED CARPETS RETAIL LIMITED

Affiliate ID        GB003/0/06832172

Country            GB

 

Affiliate Name   HILCO CAPITAL LIMITED

Affiliate ID        GB003/0/03944915

Country            GB

 

Affiliate Name   STUNDER 200 LIMITED

Affiliate ID        GB003/0/05837465

Country            GB

 

Affiliate Name   RETAIL AGENTS 120 LIMITED

Affiliate ID        GB003/0/05837527

Country            GB

 

Affiliate Name   RETAIL AGENTS 170 LIMITED

Affiliate ID        GB003/0/06330484

Country            GB

 

Affiliate Name   FILEFIGURE 10 LIMITED

Affiliate ID        GB003/0/06721495

Country            GB

 

Affiliate Name   F10 PROP CO LTD

Affiliate ID        GB003/0/06892348

Country            GB

 

Affiliate Name   RETAIL AGENTS 210 LIMITED

Affiliate ID        GB003/0/06804877

Country            GB

 

Affiliate Name   ALLIED FLOORING LTD

Affiliate ID        GB003/0/06892812

Country            GB

 

Affiliate Name   VALCO EQUITY LIMITED

Affiliate ID        GB003/0/06951904

Country            GB

 

Affiliate Name   VALCO INVESTMENTS LIMITED

Affiliate ID        GB003/0/06951905

Country            GB

 

Affiliate Name   RETAIL AGENTS 230 LIMITED

Affiliate ID        GB003/0/07063114

Country            GB

 

Affiliate Name   STUNDER 5 LIMITED

Affiliate ID        GB003/0/07063132

Country            GB

 

Affiliate Name   RETAIL INVESTMENTS LIMITED

Affiliate ID        GB003/0/07080297

Country            GB

 

Affiliate Name   LIFESTYLE HOLDINGS LIMITED

Affiliate ID        GB003/0/06076425

Country            GB

 

Affiliate Name   RST LIMITED

Affiliate ID        GB003/0/06076341

Country            GB

 

Affiliate Name   PP07 LIMITED

Affiliate ID        GB003/0/06084076

Country            GB

 

Affiliate Name   1927 LIMITED

Affiliate ID        GB003/0/03691568

Country            GB

 

Affiliate Name   1927 (RSB) LIMITED

Affiliate ID        GB003/0/05520709

Country            GB

 

Affiliate Name   FILEFIGURE 20 LIMITED

Affiliate ID        GB003/0/07080426

Country            GB

 

Affiliate Name   FILEFIGURE 30 LIMITED

Affiliate ID        GB003/0/07080492

Country            GB

 

Affiliate Name   HILCO LENDER SERVICES LIMITED

Affiliate ID        GB003/0/07098555

Country            GB

 

Affiliate Name   MORE OR LESS LIMITED

Affiliate ID        GB003/0/07098559

Country            GB

 

Affiliate Name   HILCO WHOLESALE LTD

Affiliate ID        GB003/0/07180966

Country            GB

 

Affiliate Name   HILCO IRELAND LIMITED

Affiliate ID        GB003/0/07184332

Country            GB

 

Affiliate Name   ALCYON FINANCIAL LIMITED

Affiliate ID        GB003/0/07213321

Country            GB

 

Affiliate Name   HILCO RETAIL PROPERTY SERVICES LIMITED

Affiliate ID        GB003/0/07217759

Country            GB

 

Affiliate Name   BANBURY FURNITURE LIMITED

Affiliate ID        GB003/0/07441835

Country            GB

 

Affiliate Name   RETAIL AGENTS 250 LIMITED

Affiliate ID        GB003/0/07530506

Country            GB

 

Affiliate Name   HUK 10 LTD

Affiliate ID        GB003/0/07530828

Country            GB

 

Affiliate Name   HUK 17 LIMITED

Affiliate ID        GB003/0/07731414

Country            GB

 

Affiliate Name   HUK 18 LIMITED

Affiliate ID        GB003/0/07767826

Country            GB

 

Affiliate Name   HUK 19 LIMITED

Affiliate ID        GB003/0/07767893

Country            GB

 

Affiliate Name   HUK 11 LTD

Affiliate ID        GB003/0/07530964

Country            GB

 

Affiliate Name   HILCO BID (EUROPE) LIMITED

Affiliate ID        GB003/0/07652746

Country            GB

 

Affiliate Name   HUK 16 LIMITED

Affiliate ID        GB003/0/07731455

Country            GB

 

Affiliate Name   HUK 21 LIMITED

Affiliate ID        GB003/0/07802092

Country            GB

 

Affiliate Name   HUK 31 LIMITED

Affiliate ID        GB003/0/07939793

Country            GB

 

Affiliate Name   RETAIL AGENTS 260 LIMITED

Affiliate ID        GB003/0/08116644

Country            GB

 

Affiliate Name   FILEFIGURE LIMITED

Affiliate ID        GB003/0/04010507

Country            GB

 

Affiliate Name   HILCO CAPITAL IRELAND LIMITED

Affiliate ID        IE003/0/IE489609

Country            IE

 

Affiliate Name   MAPLE TOPCO LIMITED

Affiliate ID        GB003/0/06214668

Country            GB

 

Affiliate Name   MAPLE MIDCO LIMITED

Affiliate ID        GB003/0/06214646

Country            GB

 

Affiliate Name   A|WEAR UK LIMITED

Affiliate ID        GB003/0/06554847

Country            GB

 

Affiliate Name   T.J. CALLAGHAN AND COMPANY LIMITED

Affiliate ID        IE003/0/IE027587

Country            IE

 

Affiliate Name   HILCO DEVELOPMENTS LIMITED

Affiliate ID        GB003/0/05681384

Country            GB

 

Affiliate Name   HILCO RETAIL INVESTMENTS 10 LIMITED

Affiliate ID        GB003/0/05252011

Country            GB

 

Affiliate Name   HYPER VALUE (HOLDINGS) LIMITED

Affiliate ID        GB003/0/01546677

Country            GB

 

Affiliate Name   HILCO UK LIMITED

Affiliate ID        GB003/0/06892774

Country            GB

 

Affiliate Name   THE FLOORING COMPANY (UK) LTD

Affiliate ID        GB003/0/08067760

Country            GB

 

Affiliate Name   THEFLOORCO LIMITED

Affiliate ID        GB003/0/07710842

Country            GB

 

Affiliate Name   HYPER VALUE RETAIL LIMITED

Affiliate ID        GB003/0/05726765

Country            GB

 

Affiliate Name   INAHB LIMITED

Affiliate ID        GB003/0/06969000

Country            GB

 

Affiliate Name   DB INVOICE FINANCE 12 LTD

Affiliate ID        GB003/0/06966476

Country            GB

 

Affiliate Name   RETAIL AGENTS LIMITED

Affiliate ID        GB003/0/05649828

Country            GB

 

Affiliate Name   HILCO INVESTMENTS LIMITED

Affiliate ID        GB003/0/06712092

Country            GB

 

Affiliate Name   HT2M LIMITED

Affiliate ID        GB003/0/06712108

Country            GB

 

Affiliate Name   TWICE2MUCH LIMITED

Affiliate ID        GB003/0/04880528

Country            GB

 

Affiliate Name   TWICE2MUCH (AFRICA) LIMITED

Affiliate ID        GB003/0/07427643

Country            GB

 

Affiliate Name   HILCO RECOVERY LIMITED

Affiliate ID        GB003/0/06712146

Country            GB

 

Affiliate Name   THE MARKETING INNOVATION GROUP LIMITED

Affiliate ID        GB003/0/06963849

Country            GB

 

Affiliate Name   CUSTOMER CLUB LIMITED

Affiliate ID        GB003/0/06971953

Country            GB

 

Affiliate Name   HOME FLOORING SOLUTIONS LIMITED

Affiliate ID        GB003/0/06811286

Country            GB

 

Affiliate Name   HUK 14 LIMITED

Affiliate ID        GB003/0/07662204

Country            GB

 

Affiliate Name   OCEANS OUTDOOR HOLDINGS LIMITED

Affiliate ID        GB003/0/07511683

Country            GB

 

Affiliate Name   OCEANS BRANDS LIMITED

Affiliate ID        GB003/0/07457185

Country            GB

 

Affiliate Name   OCEANS OUTDOOR IMPORTS LIMITED

Affiliate ID        GB003/0/07433629

Country            GB

 

Affiliate Name   OCEANS OUTDOOR FURNITURE LIMITED

Affiliate ID        GB003/0/07456065

Country            GB

 

Affiliate Name   PARK PE HOLDINGS LIMITED

Affiliate ID        GB003/0/07368995

Country            GB

 

Affiliate Name   PARK PRECISION ENGINEERING LIMITED

Affiliate ID        GB003/0/07184258

Country            GB

 

Affiliate Name   W J MORRAY ENGINEERING LTD

Affiliate ID        GB003/0/07631359

Country            GB

 

Affiliate Name   SD RETAIL CONSULTING

Affiliate ID        US023/X/US25640014

Country            US

 

Affiliate Name   HILCO RETAIL CONSULTING LIMITED

Affiliate ID        GB003/0/06393910

Country            GB

 

Affiliate Name   VALCO CAPITAL PARTNERS II LIMITED PARTNERSHIP

Affiliate ID        GB003/0/LP013365

Country            GB

 

Affiliate Name   DENBY HOLDINGS LIMITED

Affiliate ID        GB003/0/06760049

Country            GB

 

Affiliate Name   POOLE POTTERY RETAIL LIMITED

Affiliate ID        GB003/0/06081868

Country            GB

 

Affiliate Name   DENBY BRANDS LIMITED

Affiliate ID        GB003/0/06761664

Country            GB

 

Affiliate Name   DENBY NORTH AMERICA LIMITED

Affiliate ID        GB003/0/06784097

Country            GB

 

Affiliate Name   DENBY USA LIMITED

Affiliate ID        GB003/0/03112680

Country            GB

 

Affiliate Name   DENBY RETAIL LIMITED

Affiliate ID        GB003/0/06800973

Country            GB

 

Affiliate Name   DENBY CATERING LIMITED

Affiliate ID        GB003/0/06808176

Country            GB

 

Affiliate Name   DENBY ACCESSORIES LIMITED

Affiliate ID        GB003/0/07522860

Country            GB

 

Affiliate Name   HARTLEY GREENS LIMITED

Affiliate ID        GB003/0/07561663

Country            GB

 

Affiliate Name   BURGESS & LEIGH LIMITED

Affiliate ID        GB003/0/03820303

Country            GB

 

Affiliate ID        GB003/0/06784072

Country            GB

 

Affiliate Name   THE DENBY POTTERY COMPANY LIMITED

Affiliate ID        GB003/0/06798163

Country            GB

 

 

Employee Information

 

Year                                          2010

Number of Employees             377

 

Year                                          2009

Number of Employees             369

 

Year                                          2008

Number of Employees             429

 

 

Bankers

 

Name    ULSTER BANK LTD

 

 

Financial Statements

 

PROFIT & LOSS

 

Financial Year                         2010                  2009                  2008

Number of Weeks                    52                     52                     52

Currency                                  EUR                 EUR                 EUR

Consolidated  Accounts           False                False                False

Revenue                                   39,503,000.00    56,194,000.00    64,453,000.00

Wages & Salaries                     7,457,000.00     8,126,000.00     8,232,000.00

Pension Costs                          111,000.00        131,000.00        99,000.00

Depreciation                             3,367,000.00     4,012,000.00     4,253,000.00

Amortisation                            0.00                  0.00                  0.00

Financial Expenses                  24,000.00          0.00                  0.00

Profit Before Tax                      -6,184,000.00    25,928,000.00    6,114,000.00

Tax                                           -40,000.00         172,000.00        -587,000.00

Profit After Tax                         -6,224,000.00    26,100,000.00    5,527,000.00

Dividends                                 0.00                  0.00                  18,811,000.00

Minority Interests                       0.00                  0.00                  0.00

Other Appropriations               0.00                  0.00                  0.00

Retained Profit                         -6,224,000.00    26,100,000.00    -13,284,000.00

 

 

BALANCE SHEET

 

Financial Year                                       2010                  2009                  2008

Number of Weeks                    52                     52                     52

Currency                                  EUR                 EUR                 EUR

Consolidated  Accounts           False                False                False

Total Tangible Assets 5,878,000.00     7,519,000.00     8,805,000.00

Total Intangible Assets            0.00                  0.00                  0.00

Total Other Fixed Assets          0.00                  136,000.00        381,000.00

Total Fixed Assets                   5,878,000.00     7,655,000.00     9,186,000.00

Total Inventories                      2,938,000.00     3,425,000.00     3,875,000.00

Trade Receivables                    0.00                  0.00                  0.00

Miscellaneous  Receivables     33,231,000.00    30,124,000.00    4,944,000.00

Total Receivables                     33,231,000.00    30,124,000.00    4,944,000.00

Cash                                         0.00                  2,959,000.00     4,869,000.00

Other Current Assets   49,000.00          161,000.00        0.00

Total Current Assets                36,218,000.00    36,669,000.00    13,688,000.00

Total Assets                             42,096,000.00    44,324,000.00    22,874,000.00

Trade Payables                        4,514,000.00     4,813,000.00     1,023,000.00

Bank Liabilities                        2,969,000.00     0.00                  0.00

Other Loans/Finance                0.00                  0.00                  0.00

Miscellaneous  Liabilities         3,710,000.00     2,450,000.00     6,067,000.00

Total Current Liabilities           11,193,000.00    7,263,000.00     7,090,000.00

Bank Liabilities due

after 1 year                               0.00                  0.00                  0.00

Other Loans/Finance                0.00                  0.00                  4,752,000.00

due after 1 year

Miscellaneous  Liabilities      788,000.00        635,000.00        793,000.00

due after 1 year

Total Long Term Liabilities      788,000.00        635,000.00        5,545,000.00

Total Liabilities                        11,981,000.00    7,898,000.00     12,635,000.00

Called Up Share Capital           381,000.00        381,000.00        381,000.00

Revenue Reserves                    29,696,000.00    35,920,000.00    9,071,000.00

Other Reserves                         38,000.00          125,000.00        787,000.00

Total Shareholders  Equity       30,115,000.00    36,426,000.00    10,239,000.00

 

OTHER FINANCIALS

 

Contingent Liabilities   No                    No                    No

Working Capital                       25,025,000.00    29,406,000.00    6,598,000.00

Net Worth                                 30,115,000.00    36,426,000.00    10,239,000.00

 

 

Ratios

 

Pre-Tax Profit Margin               -15.65    46.14     9.49

Return on Capital Employed    -20.01    69.96     38.73

Return on Total Assets            -14.69    58.49     26.72

 

 

Employed

 

Return on Net Assets Employed          -20.53    71.17     59.71

Sales/Net Working Capital                   1.58      1.91      9.77

Stock Turnover Ratio                           7.43      6.09      6.01

Debtor Days                                          0.00      0.00      0.00

Creditor Days                                       41.59     31.17     5.77

Current Ratio                                        3.24      5.05      1.93

Liquidity Ratio/Acid Test                     2.97      4.57      1.38

Current Debt Ratio                               0.37      0.19      0.69

Gearing                                                12.48     1.74      54.16

Equity in Percentage                            71.54     82.18     44.76

Total Debt Ratio                                   0.39      0.21      1.23

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.63

UK Pound

1

Rs.99.94

Euro

1

Rs.85.14

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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.