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Report Date : |
14.01.2014 |
IDENTIFICATION DETAILS
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Name : |
WHISPERING SMITH LTD. |
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Formerly Known as: |
Rajan Imports
Ltd. |
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Registered Office : |
61 Great Ducie
Street, Manchester, M3 1RR |
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Country : |
United Kingdom |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
06.09.1985 |
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Com. Reg. No.: |
01945392 |
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Legal Form : |
Private
Subsidiary Company |
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Line of Business : |
·
producer,
importer and distributor of fashion clothes to high-street stores. ·
Subject
offers garments in a variety of styles, colours and sizes. ·
It
provides a range of dress materials for men, women and children. |
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No. of Employees : |
110 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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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
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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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.
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Source : CIA |
Whispering Smith
Ltd.
61 Great Ducie
Street
Manchester, M3
1RR
United Kingdom
Tel: 0161 831 3700
Fax: 44 1618313715
Employees: 110
Company Type: Private
Subsidiary
Corporate Family: 7 Companies
Ultimate Parent: Whispering
Smith Group PLC
Quoted Status:
Non-quoted Company
Incorporation
Date: 06-Sep-1985
Auditor: Dte
Business Advisers Ltd.
Financials in: USD (Millions)
Fiscal Year End: 31-Mar-2013
Reporting
Currency: British Pound Sterling
Annual Sales: 65.6 1
Net Income: 0.1
Total Assets: 49.1
Established in
1967, Whispering Smith Ltd. is an international company that produces, imports
and distributes fashion clothes to high-street stores. The company offers
garments in a variety of styles, colours and sizes. It provides a range of
dress materials for men, women and children. The company maintains design,
quality control and manufacturing teams. Its website features the samples of
fashion clothes. The company participates in various community welfare programs
and supports hospitals. It also organises several educational, social and
cultural activities. In addition, the company offers newsletters to its
customers.
Industry
Industry
Clothing and Apparel Wholesale
ANZSIC 2006:
371 - Textile, Clothing and Footwear Wholesaling
ISIC Rev 4:
4641 - Wholesale of textiles, clothing and footwear
NACE Rev 2:
4642 - Wholesale of clothing and footwear
NAICS 2012:
4243 - Apparel, Piece Goods, and Notions Merchant Wholesalers
UK SIC 2007:
4642 - Wholesale of clothing and footwear
US SIC 1987:
513 - Apparel, Piece Goods, and Notions
|
Name |
Title |
|
Rajan Kumar |
Director, Secretary |
|
Karen Seddon |
Purchasing Manager |
|
King Brian |
Director |
|
Diane Heslop |
Director |
|
Sanjay Kumar |
Director |
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1 - Profit & Loss Item Exchange Rate: USD 1 =
GBP 0.6329098
2 - Balance Sheet Item Exchange Rate: USD 1 = GBP
0.6591356
Location
61 Great Ducie Street
Manchester, M3 1RR
Greater Manchester County
United Kingdom
Tel: 0161
831 3700
Fax: 44
1618313715
Sales GBP(mil): 41.5
Assets GBP(mil): 32.4
Employees: 110
Fiscal Year End: 31-Mar-2013
Industry: Apparel
and Accessories
Registered Address:
D T E House
Hollins Mount
Bury, BL9 8AT
United Kingdom
Incorporation
Date: 06-Sep-1985
Company Type: Private
Subsidiary
Quoted Status: Not
Quoted
Previous Name: Rajan
Imports Ltd.
Registered No.(UK): 01945392
Parent Registered
No.(UK): 03143117
Director: Peter Morley
Industry Codes
ANZSIC 2006
Codes:
371 - Textile,
Clothing and Footwear Wholesaling
ISIC Rev 4 Codes:
4641 - Wholesale of textiles, clothing and
footwear
NACE Rev 2 Codes:
4642 - Wholesale of clothing and footwear
NAICS 2012 Codes:
4243 - Apparel, Piece Goods, and Notions
Merchant Wholesalers
US SIC 1987:
513 - Apparel, Piece Goods, and Notions
UK SIC 2007:
4642 - Wholesale of clothing and footwear
Business Description
Established in 1967, Whispering Smith Ltd. is an
international company that produces, imports and distributes fashion clothes to
high-street stores. The company offers garments in a variety of styles, colours
and sizes. It provides a range of dress materials for men, women and children.
The company maintains design, quality control and manufacturing teams. Its
website features the samples of fashion clothes. The company participates in
various community welfare programs and supports hospitals. It also organises
several educational, social and cultural activities. In addition, the company
offers newsletters to its customers.
More Business Descriptions
Wholesale distribution of knitwear and clothing.
Investment holding companies
Fashion Agents