|
Report Date : |
15.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MARK LOVELL LIMITED |
|
|
|
|
Registered Office : |
Motivo House, Alvington, Yeovil, Somerset, Ba20 2fg |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
30.01.1990 |
|
|
|
|
Com. Reg. No.: |
02465052 |
|
|
|
|
Legal Form : |
Private limited with Share
Capital |
|
|
|
|
Line of Business : |
·
supplier
of high quality accessories such as scarves, stoles, shawls and rugs Wholesaler of clothing and footwear |
|
|
|
|
No. of Employees : |
Not Available |
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 |
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|
|
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
MARK LOVELL LIMITED
Registered Office:
MOTIVO HOUSE
ALVINGTON
YEOVIL
SOMERSET
BA20 2FG
United Kingdom
Telephone 01935 461900
Fax -
Website www.glenprince.com
Company Number: 02465052
Foundation: 30/01/1990
Status: Active - Accounts Filed
REMARKS
Glen
Prince of Great Britain was set up by Mark Lovell, Managing Director in 1989
and was incorporated in January 1990. The company is a supplier of high quality
accessories such as scarves, stoles, shawls and rugs,
Glen Prince of Great Britain
is the trading name of Mark Lovell Ltd
Comments
No exact match CCJs are recorded
against the company.
Net Worth increased by 62.1% during the latest trading period.
A 35.9% growth in Total Assets
occurred during the latest trading period. The company saw an increase
in their Cash Balance
of 85.3% during the latest
trading period.
The movement in accumulated earnings
would indicate that the company
made a profit after tax and other appropriations, including dividends.
There is insufficient data to indicate a change in this companies percentage of sales. There is insufficient data to indicate a change in this companies pre-tax profit. The company is exempt from audit. No recent changes in directorship are recorded. The company is not part of a group. The company was established over 23 years ago.
Legal form
Private limited with Share Capital
Foundation
30/01/1990
Company No.
02465052
Shareholders
|
Name |
Currency |
Number of shares |
Share type |
Nominal value |
|
MARK RICHARD
LOVELL |
GBP |
200 |
ORDINARY |
1 |
|
Total Share Capital
GBP 200 |
||||
Management
|
Directors |
||||
|
Name |
Address: |
Date of birth |
Nationality |
Appointment date |
|
Mr Mark
Richard Lovell |
5 Rue De Strasbourg, 11800
Trebes |
01/03/1964 |
British |
30/01/1992 |
|
Ms Patricia Michele
Lovell |
5 Rue De Strasbourg, 11800
Trebes |
06/01/1964 |
French |
01/04/2000 |
|
Company Secretary |
||
|
Name |
Address: |
Appointment date |
|
Ms Patricia Michele Lovell |
5 Rue De Strasbourg, 11800 Trebes |
02/04/1999 |
Other Known Addresses
Motivo House, Alvington, Yeovil, Somerset BA20 2FG
Unit 4 Merlin Road, Lynx Trading Estate, Yeovil, Somerset
BA20 2GZ
Business
Activities
|
SIC03 |
Wholesale of clothing and footwear |
|
|
SIC07 |
Wholesale of clothing and footwear |
|
Economic data
Turnover and Employees
Date of Accounts Turnover
Employees
31/03/2011
Not Stated Not Stated
31/03/2012
Not Stated Not Stated
31/03/2013 Not Stated Not Stated
Supplementary data
Banks
|
Bank Name |
|
NATIONWIDE BUILDING SOCIETY |
Events
Company history
Date action
|
02/03/2009 |
Annual Returns |
|
|
14/09/2009 |
New Accounts Filed |
|
|
02/03/2010 |
Annual Returns |
|
|
07/01/2011 |
New Accounts Filed |
|
|
22/02/2011 |
Annual Returns |
|
|
14/01/2012 |
New Accounts Filed |
|
|
20/03/2012 |
Annual Returns |
|
|
12/01/2013 |
New Accounts Filed |
|
|
12/01/2013 |
New Accounts Filed |
|
|
26/02/2013 |
Annual Returns |
|
|
15/10/2013 |
New Accounts Filed |
|
|
15/10/2013 |
New Accounts Filed |
|
County Court Judgments (CCJs)
There are no County
Court Judgments listed
against this company
Profit & Loss
|
|
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
|
Turnover |
0 |
0 |
0 |
0 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
|
Wages And Salaries |
0 |
0 |
0 |
0 |
|
Directors Emoluments |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
|
Depreciation |
16,994 |
15,379 |
2,295 |
1,905 |
|
Audit Fees |
0 |
0 |
0 |
0 |
|
Interests Payments |
- |
- |
- |
- |
|
Pre Tax Profit |
0 |
0 |
0 |
0 |
|
Taxation |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
Balance Sheet
|
|
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
|
Tangible Assets |
254,000 |
136,326 |
46,296 |
42,577 |
|
Intangible Assets |
0 |
0 |
0 |
0 |
|
Total Fixed Assets |
254,000 |
136,326 |
46,296 |
42,577 |
|
Stock |
407,925 |
246,045 |
239,940 |
162,858 |
|
Trade Debtors |
358,746 |
464,055 |
340,092 |
279,542 |
|
Cash |
487,080 |
262,794 |
196,260 |
263,116 |
|
Other Debtors |
0 |
0 |
83,969 |
0 |
|
Miscellaneous
Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
1,253,751 |
972,894 |
860,261 |
705,516 |
|
Trade Creditors |
707,649 |
612,938 |
626,581 |
540,675 |
|
Bank Loans and Overdraft |
0 |
0 |
0 |
0 |
|
Other Short
Term Finance |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Liabilities |
0 |
0 |
0 |
0 |
|
Total Current Liabilities |
707,649 |
612,938 |
626,581 |
540,675 |
|
Bank Loans and Overdrafts LTL |
17,069 |
13,195 |
746 |
0 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
17,069 |
13,195 |
746 |
0 |
Capital & Reserves
|
|
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
|
Called Up Share
Capital |
200 |
200 |
200 |
200 |
|
P and L Account Reserve |
782,833 |
482,887 |
279,030 |
207,218 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
783,033 |
483,087 |
279,230 |
207,418 |
Other Financial Items
|
|
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
|
Net Worth |
783,033 |
483,087 |
279,230 |
207,418 |
|
Working Capital |
546,102 |
359,956 |
233,680 |
164,841 |
|
Total Assets |
1,507,751 |
1,109,220 |
906,557 |
748,093 |
|
Total Liabilities |
724,718 |
626,133 |
627,327 |
540,675 |
|
Net Assets |
783,033 |
483,087 |
279,230 |
207,418 |
Cash Flow
|
|
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
|
Net Cash Flow from
Operations |
0 |
0 |
0 |
0 |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from
Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
224,286 |
66,534 |
-66,856 |
61,600 |
Miscellaneous
|
|
31/03/2013 52 GBP Group: No |
31/03/2012 52 GBP Group: No |
31/03/2011 52 GBP Group: No |
31/03/2010 52 GBP Group: No |
|
Capital Employed |
800,102 |
496,282 |
279,976 |
207,418 |
Financial Ratios
|
Name |
31/03/2013 |
31/03/2012 |
31/03/2011 |
31/03/2010 |
|
Pre Tax Profit
Margin |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Ration |
1.77 |
1.59 |
1.37 |
1.30 |
|
Sales or Net Working Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
2.18 % |
2.73 % |
0.27 % |
0.00 % |
|
Equity |
51.93 % |
43.55 % |
30.80 % |
27.73 % |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity or Acid test |
1.19 |
1.18 |
0.99 |
1.00 |
|
Return on Capital Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on
Total Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Debt Ratio |
0.90 % |
1.26 % |
2.24 % |
2.60 % |
|
Total Debt Ratio |
0.92 % |
1.29 % |
2.24 % |
2.60 % |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets
Employed |
0.0% |
0.0% |
0.0% |
0.0% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.59 |
|
UK Pound |
1 |
Rs.101.09 |
|
Euro |
1 |
Rs.83.99 |
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 |
|
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.