MIRA INFORM REPORT
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Report Date : |
25.09.2013 |
IDENTIFICATION DETAILS
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Name : |
DKH RETAIL LTD |
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Registered Office : |
Unit 60 The Runnings, Cheltenham, GL51 9NW |
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Country : |
United Kingdom |
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Financials (as on) : |
29.04.2012 |
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Date of Incorporation : |
02.11.2009 |
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Com. Reg. No.: |
07063508 |
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Legal Form : |
Private Subsidiary |
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Line of Business : |
Design and ownership of brands, and wholesale distribution
of own brand products worldwide. |
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No. of Employees : |
130 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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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 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 Name and address
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Dkh Retail Ltd. |
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Business description
Design and ownership of brands, and wholesale distribution of
own brand products worldwide.
Industry
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Industry |
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ANZSIC 2006: |
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ISIC Rev 4: |
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NACE Rev 2: |
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NAICS 2012: |
4243 -
Apparel, Piece Goods, and Notions Merchant Wholesalers |
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UK SIC 2007: |
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US SIC 1987: |
Key Executives
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Name |
Title |
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Susanne Johanne Given |
Director |
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Shaun Simon Wills |
Director |
News
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Title |
Date |
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USPTO
ISSUES TRADEMARK: SUPERDRY |
11-Sep-2013 |
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USPTO
ISSUES TRADEMARK: SUPERDRY. |
7-May-2013 |
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USPTO
ISSUES TRADEMARK: SUPERDRY. |
2-Jan-2013 |
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USPTO
ISSUES TRADEMARK: SUPERDRY. |
12-Dec-2012 |
Registered
No.(UK): 07063508
1 - Profit &
Loss Item Exchange Rate: USD 1 = GBP 0.6278192
2 - Balance Sheet Item Exchange Rate:
USD 1 = GBP 0.6178166
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ANZSIC 2006 Codes: |
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371 |
- |
Textile, Clothing and Footwear Wholesaling |
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ISIC Rev 4 Codes: |
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4641 |
- |
Wholesale of textiles, clothing and
footwear |
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NACE Rev 2 Codes: |
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4642 |
- |
Wholesale of clothing and footwear |
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NAICS 2012 Codes: |
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4243 |
- |
Apparel, Piece Goods, and Notions Merchant
Wholesalers |
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US SIC 1987: |
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513 |
- |
Apparel, Piece Goods, and Notions |
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UK SIC 2007: |
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4642 |
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Wholesale of clothing and footwear |
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Corporate Structure News
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Company Name |
Company Type |
Location |
Country |
Industry |
Sales |
Employees |
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Parent |
Cheltenham |
United Kingdom |
Clothing and
Apparel Stores |
567.5 |
2,022 |
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Subsidiary |
Cheltenham |
United Kingdom |
Clothing and
Apparel Stores |
229.7 |
1,208 |
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Subsidiary |
Cheltenham |
United Kingdom |
Clothing and
Apparel Wholesale |
28.5 |
153 |
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Subsidiary |
Cheltenham |
United Kingdom |
Clothing and
Apparel Wholesale |
172.6 |
130 |
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Subsidiary |
Cheltenham |
United Kingdom |
Non-store Retail |
51.4 |
78 |
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Subsidiary |
Bruxelles |
Belgium |
Clothing and
Apparel Wholesale |
72.9 |
37 |
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Subsidiary |
Dublin |
Ireland |
Clothing and
Apparel Stores |
5.0 |
32 |
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Subsidiary |
Dublin |
Ireland |
Miscellaneous
Wholesale |
2.7 |
7 |
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Subsidiary |
Cheltenham |
United Kingdom |
Clothing and
Apparel Stores |
0.4 |
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Subsidiary |
Cheltenham |
United Kingdom |
Pharmacies and
Personal Care Stores |
0.1 |
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Subsidiary |
Cheltenham |
United Kingdom |
Miscellaneous
Wholesale |
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Executive Report
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Board
of Directors |
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Director |
Director/Board Member |
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Director |
Director/Board Member |
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Directors and Shareholders Report
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Main Office Address: |
Annual Return Date: 02 Nov 2012 |
Individual Directors
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Name |
Status |
DOB |
Filed Address |
Appointment Date |
Resignation Date |
Summary of Directorships |
|
Current |
28 Feb 1972 |
Unit 60 The Runnings, |
27 Apr 2012 |
NA |
Current:8 |
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Current |
03 Nov 1964 |
Unit 60 The Runnings, |
07 Feb 2013 |
NA |
Current:7 |
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Previous |
09 Apr 1964 |
Unit 60 The Runnings, |
30 Sep 2011 |
06 Feb 2013 |
Current:0 |
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Previous |
04 Jan 1961 |
Unit 60 The Runnings, |
02 Nov 2009 |
06 May 2011 |
Current:6 |
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Previous |
11 Jun 1963 |
13 Orchard Road, |
12 Feb 2010 |
14 Aug 2012 |
Current:6 |
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Previous |
15 Jul 1957 |
Bottomley Farmhouse Gambles Lane, |
02 Nov 2009 |
27 Apr 2012 |
Current:0 |
Corporate Directors
There are no corporate directors for this company
Individual Secretaries
There are no individual secretaries for this company.
Corporate Secretaries
There are no corporate secretaries for this company
Individual Shareholders
There are no individual shareholders for this company.
Corporate Shareholders
|
Company Name |
Registration Number |
Share Details |
Share Type |
# of Shares |
Share Price (GBP) |
Share Value (GBP) |
% of Total Shares |
|
07063562 |
187120820 Ordinary GBP 0.01 |
Ordinary |
187,120,820 |
0.01 |
1,871,208.20 |
100.00 |
Annual Profit & Loss
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Financials
in: USD (mil) |
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Except
for share items (millions) and per share items (actual units) |
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|
29-Apr-2012 |
01-May-2011 |
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Period Length |
52 Weeks |
78 Weeks |
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Filed Currency |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.627819 |
0.639861 |
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Consolidated |
No |
No |
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Total Turnover |
172.6 |
152.1 |
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Cost of Sales |
116.4 |
107.7 |
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Gross Profit |
56.2 |
44.5 |
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Depreciation |
0.5 |
0.0 |
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Other Expenses |
52.6 |
45.0 |
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Other Income |
27.9 |
23.4 |
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Interest Paid |
0.0 |
0.0 |
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Exceptional Income |
0.0 |
0.0 |
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Discontinued Operations |
0.0 |
- |
|
Profit Before Taxes |
31.4 |
22.8 |
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Tax Payable / Credit |
8.4 |
6.7 |
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Extraordinary Items/Debits |
0.0 |
0.0 |
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Dividends |
0.0 |
0.0 |
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Profit After Taxes |
23.1 |
16.1 |
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Minority Interests (Profit & Loss) |
0.0 |
0.0 |
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Number of Employees |
130 |
97 |
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Wages |
7.1 |
4.9 |
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Social Security Costs |
0.7 |
0.5 |
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Pensions |
0.0 |
0.0 |
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Other Pension Costs |
0.1 |
0.0 |
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Employees Remuneration |
7.9 |
5.4 |
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Directors Emoluments |
0.0 |
0.0 |
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Other Costs |
0.0 |
0.0 |
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Directors Remuneration |
0.0 |
0.0 |
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Highest Paid Director |
0.0 |
0.0 |
Annual Balance Sheet
Financials in: USD
(mil)
|
|
29-Apr-2012 |
01-May-2011 |
|
Filed Currency |
GBP |
GBP |
|
Exchange Rate |
0.617817 |
0.599538 |
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Consolidated |
No |
No |
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|
Land & Buildings |
1.6 |
1.7 |
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Fixtures & Fittings |
0.8 |
0.8 |
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Plant & Vehicles |
0.0 |
0.0 |
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Total Tangible Fixed Assets |
2.4 |
2.5 |
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Intangible Assets |
254.7 |
286.4 |
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Investments |
0.0 |
0.0 |
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Total Fixed Assets |
257.1 |
288.8 |
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Stocks |
13.8 |
16.5 |
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Work in Progress |
0.0 |
0.0 |
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Total Stocks Work In Progress |
13.8 |
16.5 |
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Trade Debtors |
31.0 |
28.1 |
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Inter-Company Debtors |
24.7 |
0.9 |
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Other Debtors |
2.4 |
2.8 |
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Total Debtors |
58.1 |
31.8 |
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Cash and Equivalents |
66.4 |
43.2 |
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Other Current Assets |
0.0 |
0.0 |
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Total Current Assets |
138.4 |
91.5 |
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Total Assets |
395.5 |
380.4 |
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Trade Creditors |
14.1 |
13.2 |
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Inter-Company Creditors |
10.6 |
10.4 |
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Accruals/Deferred Income (Current
Liability) |
0.6 |
2.4 |
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Social Security/VAT |
2.0 |
1.9 |
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Corporation Tax |
4.3 |
1.6 |
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Other Current Liabilities |
0.0 |
0.1 |
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Total Current Liabilities |
31.7 |
29.6 |
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Group Loans (Long Term Liability) |
0.0 |
0.0 |
|
Director Loans (Long Term Liability) |
0.0 |
0.0 |
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Hire Purchase (Long Term Liability) |
0.0 |
0.0 |
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Leasing (Long Term Liability) |
0.0 |
0.0 |
|
Total Hire Purchase Loans (Long Term
Liability) |
0.0 |
0.0 |
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Other Long Term Loans |
0.0 |
0.0 |
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Accruals/Deferred Income (Long Term
Liability) |
0.0 |
0.0 |
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Other Long Term Liabilities |
0.0 |
0.0 |
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Total Long Term Liabilities |
0.0 |
0.0 |
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Deferred Taxation |
0.0 |
0.0 |
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Other Provisions |
0.0 |
0.0 |
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Total Provisions |
0.0 |
0.0 |
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Issued Capital |
3.0 |
3.1 |
|
Share Premium Accounts |
20.8 |
21.5 |
|
Revaluation Reserve |
0.0 |
0.0 |
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Retained Earnings |
40.1 |
17.2 |
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Other Reserves |
299.8 |
309.0 |
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Minority Interests (Balance Sheet) |
0.0 |
0.0 |
|
Total Shareholders Funds |
363.8 |
350.8 |
|
Net Worth |
109.1 |
64.4 |
Annual Cash Flows
Financials in: USD
(mil)
|
|
29-Apr-2012 |
01-May-2011 |
|
Period Length |
52 Weeks |
78 Weeks |
|
Filed Currency |
GBP |
GBP |
|
Exchange Rate
(Period Average) |
0.627819 |
0.639861 |
|
Consolidated |
No |
No |
Annual Ratios
Financials in: USD
(mil)
|
|
29-Apr-2012 |
01-May-2011 |
|
Period Length |
52 Weeks |
78 Weeks |
|
Filed Currency |
GBP |
GBP |
|
Exchange Rate |
0.617817 |
0.599538 |
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Consolidated |
No |
No |
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|
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Current Ratio |
4.37 |
3.09 |
|
Liquidity Ratio |
3.93 |
2.54 |
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Stock Turnover |
12.69 |
6.55 |
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Credit Period (Days) |
64.60 |
94.71 |
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Working Capital by Sales |
60.83% |
57.23% |
|
Trade Credit by Debtors |
0.45 |
0.47 |
|
Return on Capital |
8.78% |
4.63% |
|
Return on Assets |
8.07% |
4.27% |
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Profit Margin |
18.21% |
14.99% |
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Return on Shareholders Funds |
8.78% |
4.63% |
|
Borrowing Ratio |
9.74% |
16.20% |
|
Equity Gearing |
91.99% |
92.23% |
|
Interest Coverage |
- |
4,864.33 |
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Sales by Tangible Assets |
73.02 |
44.14 |
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Average Remuneration per Employee |
0.1 |
0.0 |
|
Profit per Employee |
0.2 |
0.2 |
|
Sales per Employee |
1.3 |
1.1 |
|
Capital Employed per Employee |
2.8 |
3.6 |
|
Tangible Assets per Employee |
0.0 |
0.0 |
|
Total Assets per Employee |
3.0 |
3.9 |
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Employee Remuneration by Sales |
4.58% |
3.56% |
|
Creditor Days (Cost of Sales Based) |
43.54 |
63.18 |
|
Creditor Days (Sales Based) |
29.37 |
44.72 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.66 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.