MIRA INFORM REPORT

 

 

Report Date :

16.01.2014

 

IDENTIFICATION DETAILS

 

Name :

MONSOON ACCESSORIZE LIMITED

 

 

Formerly Known As :

MONSOON LIMITED

 

 

Registered Office :

1 Nicholas Road, W11 4an, London        

 

 

Country :

United Kingdom

 

 

Financials (as on) :

25.08.2012

 

 

Date of Incorporation :

22.02.1973

 

 

Com. Reg. No.:

01098034

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Retail sale of clothing in specialised stores

 

 

No. of Employees :

2,956 (25.08.2012)

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct  

 

 

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 Ł375 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

 

MONSOON ACCESSORIZE LIMITED

1 NICHOLAS ROAD      

W11 4AN         

LONDON          

United Kingdom                        

Telephone                     +44 020 3372 3000       

Fax                               -          

Website                        www.monsoon.co.uk       

                       

Company Number:      01098034

Foundation:                   22/02/1973       

Status:                          Active - Accounts Filed  

 

 

Comments    

 

The audit report contains no adverse comments.

 

Multiple CCJ’s recorded against the company. Sales in the latest trading period decreased 11.7% on the previous trading period. Net Worth decreased by 15.5% during the latest trading period. A 8% decline in Total Assets occurred during the latest trading period. Pre-tax profits decreased by 88.9% compared to the previous trading period. The company saw a decrease in their Cash Balance of 27.9% during the latest trading period.

 

The company has undergone recent changes in its directorships. The company is part of a group. The company was established over 40 years ago

 

 

Basic information

 

Legal form

Private limited with Share Capital

 

Foundation

22/02/1973

 

Company No.

01098034

 

Previous Names

 

Date of change                Previous name

13/01/1998

MONSOON LIMITED

15/10/1986

MONSOON FASHIONS LIMITED

31/12/1977

SILTROP LIMITED

Shareholders

Name

Currency

Number of shares

Share type

Nominal value

MONSOON HOLDINGS LTD

GBP

100,000

ORDINARY

1

Total Share Capital                                                                                               GBP 100,000

 

Management

Directors

Name

Address:

Date of birth

Nationality

Appointment date

Mr Mark Grahame Holloway

1 Nicholas Road, London W11 4AN

12/11/1963

British

27/07/2012

Mr Anton Dermot Simon

8 Chepstow Villas, London W11 2RB

24/09/1952

British

25/04/2006

Mr John Browett

1 Nicholas Road, London W11 4AN

10/12/1963

British

02/05/2013

 

Company Secretary

Name

Address:

Appointment date

Rosalynde Victoria Harrison

103 Saint Kilda Road, West Ealing, London W13 9DF

21/05/2003

 

Other Known Addresses

1 Broadgate, London EC2M 2QS

1 Martys Yard, Hampstead High Street, London NW3 1QW 1 New Street, Birmingham, West Midlands B2 4LE

1 Rams Walk, Petersfield, Hampshire GU32 3JA

1 St Martins Walk, Town Centre, Dorking, Surrey RH4 1UT 1 St. Nicholas Street, Truro, Cornwall TR1 2RW

1-2, 2 The Parade Town Centre, Swindon, Wiltshire SN1 1BA 1-3 Murraygate, Dundee, Angus DD1 2EE

10 Green Lanes Shopping Centre, Barnstaple, Devon EX31 1UQ 10 High Street, Market Harborough, Leicestershire LE16 7NJ

10 King Street, Saffron Walden, Essex CB10 1ES

10 Palmerston Road, Southsea, Hampshire PO5 3QH 10 Parkfield Street, London, London N1 0PS

10-11 High Town, Hereford, Herefordshire HR1 2AA

101       The Harlequin, Town Centre, Watford, Hertfordshire WD17 2TH 101-102 Whitgift Centre, Croydon, Surrey CR0 1US

102       Kings Road, London SW3 4TZ

109 High Street, Marlborough, Wiltshire SN8 1LT

10b Silverburn, Barrhead Road Pollokshaws West, Glasgow, Lanarkshire G53 6QR 11 Airside Terminal, Luton Airport Luton Airport, Luton, Bedfordshire LU2 9NZ

11 Broad Street, Reading, Berkshire RG1 2BH

11 Market Place, Hertford, Hertfordshire SG14 1DF 110 Westbourne Grove, London W2 5RU

113 High Street, Bromley, Kent BR1 1JQ

113 The Harlequin, Watford, Hertfordshire WD17 2TH 113 West Street, Farnham, Surrey GU9 7HH

115 Victoria Centre, Nottingham, Nottinghamshire NG1 3QB 118 The Border, Town Centre, Telford, Shropshire TF3 4AE 12 Cambridge Walk, Camberley, Surrey GU15 3SW

12 Pride Hill, Shrewsbury, Shropshire SY1 1DQ

12 Silver Street, Durham, County Durham DH1 3RB

12-16 Church Street, Kingston Upon Thames, Surrey KT1 1RJ 123-125 High Road, Ilford, Essex IG1 1DE

123a Kensington High Street, London W8 5SF 124 High Street, Ayr, Ayrshire KA7 1PR

129 Fishergate, Preston, Lancashire PR1 2AH

129 The Harlequin, Watford, Hertfordshire WD17 2TJ 12b Albion Street, Derby, Derbyshire DE1 2PR

13         East Kilbride Shopping Centre, Southgate East Kilbride, Glasgow, Lanarkshire G74 1LT 13 The Glade, Bromley, Kent BR1 2QG

13-14    Terminal 1, Outwood Lane, Manchester M90 1AH 13-15 King Street, Manchester, Lancashire M2 6AW

13-15    Swan Walk, Burton-on-trent, Staffordshire DE14 1DD 134-136 High Street, Ayr, Ayrshire KA7 1PR

135-136 Peascod Street, Windsor, Berkshire SL4 1DS

13b Cabot Circus, Bond Street Stokes Croft, Bristol, Avon BS1 3LZ 14 Eastgate Street, Chester, Cheshire CH1 1LE

14 Gaolgate Street, Stafford, Staffordshire ST16 2BQ        

           

14-15 High Street, Exeter, Devon EX4 3LH 141 High Street, Dorking, Surrey RH4 1AQ

14A Broughton Shopping Park, Chester Road, Broughton, Chester, Cheshire CH4 0DP 15-15A Week Street, Maidstone, Kent ME14 1QW

15-19 Woolshops, Halifax, West Yorkshire HX1 1RU 150 Holborn, London, London EC1N 2NS

157 The Mall, Cribbs Causeway Regional Shopping C, Patchway, Bristol, Avon BS34 5UR

157-158 The Mall At Cribbs Causeway, Merlin Road Cribbs Causeway, Bristol, Avon BS10 7TT 158 The Mall, Cribbs Causeway Regional Shopping C, Patchway, Bristol, Avon BS34 5UR

16 Adare Street, Bridgend, Mid Glamorgan CF31 1EJ

16 Adare Street, Town Centre, Cardiff, South Glamorgan CF10 2BX 16 Donegal Place, Belfast BT1 5BA

16 Hale Leys, High Street, Aylesbury, Buckinghamshire HP20 1ST 17 Kingsgate Parade, Victoria Street, London SW1E 6SH

17-18 Queensgate Centre, Peterborough, Cambridgeshire PE1 1NH 176 Canterbury Road, Margate, Kent CT9 5JW

17A Gyle Avenue, Edinburgh, Midlothian EH12 9JR 18 The Parade, Cwmbran, Gwent NP44 1PT

18-20 Penny Street, Lancaster, Lancashire LA1 1UA

187 Victoria Centre, Nottingham, Nottinghamshire NG1 3QH 19 Coney Street, York, North Yorkshire YO1 9QL

19-21 High Street, Tonbridge, Kent TN9 1SQ

195-195A High Street, Lincoln, Lincolnshire LN5 7AL

196 Gracechurch Shopping Centre, The Parade, Sutton Coldfield, West Midlands B72 1PA 2 Brunel Arcade, Station Approach, Reading, Berkshire RG1 1LT

2 Elephant Yard, Kendal, Cumbria LA9 4QQ 2 Haymarket, Norwich, Norfolk NR2 1QD

2 High Street, Stratford-upon-avon, Warwickshire CV37 6AU 2 Kingsgate Parade, Victoria Street, London SW1E 6SH

2 Market Street, Manchester, Lancashire M1 1PT

2 Old Red Lion Court, Bridge Street, Stratford-upon-avon, Warwickshire CV37 6AB

2 Ropewalk Shopping Centre, Chapel Street Town Centre, Coventry, West Midlands CV1 4AB 2-4 Bell Street, Henley-on-thames, Oxfordshire RG9 2BG

2-6 Murraygate, Dundee, Angus DD1 2AZ

2-8 Blackettbridge, Eldon Square, Newcastle Upon Tyne, Tyne and Wear NE1 7XJ 20 Chapel Walk, Sheffield, South Yorkshire S1 2PD

20 Falkland Square, Poole, Dorset BH15 1ER

20 King Street, St Helier, Jersey, Channel Islands JE2 4WF 20-22 James Street, Harrogate, North Yorkshire HG1 1RF

202 The Chimes Shopping Centre, High Street, Uxbridge, Middlesex UB8 1GB 204 North Mall, Westfield Derby Town Centre, Derby, Derbyshire DE1 2PL

20a Whitewalls, Swansea, West Glamorgan SA1 3AA 21 High Street, Worcester, Worcestershire WR1 2QE

21 The Spires Shopping Centre, High Street, Barnet, Hertfordshire EN5 5XY 21 Union Street, City Centre, Bath, Avon BA1 1RS

21-23 Upper Precinct, Coventry, West Midlands CV1 1DD 22 Grace Reynolds Walk, Camberley, Surrey GU15 3SN 22 Old George Mall, Salisbury, Wiltshire SP1 2AF

22 Swan Walk, Horsham, West Sussex RH12 1HQ 22 The Market, London WC2 8HB       

22-24 Friargate, Freshney Place, Grimsby, South Humberside DN31 1QR 23 Albion Arcade, Leeds, West Yorkshire LS1 5ER

23 Cascades, Portsmouth, Hampshire PO1 4RJ 23 Grove Street, Wilmslow, Cheshire SK9 1DU

23 Gyle Avenue South Gyle Bdwy, Edinburgh, Midlothian EH12 9JT 23-27 Port Street, Stirling, Stirlingshire FK8 2EJ

232 Merchants Hall Upper Ground, Chapelfield, Norwich, Norfolk NR2 1SU 237 Portobello Road, London W11 1LT

23a Capitol Shopping Centre, Queen Street, Cardiff, South Glamorgan CF10 2HQ 24 Boscawen Street, Truro, Cornwall TR1 2QW

24         High Street, Marlow, Buckinghamshire SL7 1AW 24 The Mall, Warrington, Cheshire WA1 1QP

25         High Street, Winchester, Hampshire SO23 9BL 25 Market Street, Bolton, Lancashire BL1 1BU

25-26    Arndale Centre, Market Street City Centre, Manchester M2 1NP 25-27 New Street, Huddersfield, West Yorkshire HD1 2AZ

25-27    The Liberty, Romford, Essex RM1 3RL 254 Regent Street, London W1B 3AA

26 Ashley Centre, Epsom, Surrey KT18 5DA

26 High Street, St. Peter Port, Guernsey, Channel Islands GY1 2JU 26 Hope Street, Wrexham, Clwyd LL11 1BD

264 Oxford Street, London, London W1C 1DP 26a The Mall, Bury, Lancashire BL9 0QQ

27 Commercial Street, Leeds, West Yorkshire LS1 6EX

27 Fareham Shopping Centre, Westbury Square Town Centre, Portsmouth, Hampshire PO1 4RJ 27 The Broadway, London W5 2NP

27         Westbury Square, Fareham, Hampshire PO16 0PB 27A Vicarage Walk, Yeovil, Somerset BA20 1EX

28         Fore Street, Taunton, Somerset TA1 1JQ

28-30 Fore Street, St. Austell, Cornwall PL25 5EP

29 Potter Street, Town Centre, Chelmsford, Essex CM2 6GB 293 Oxford Street, London W1C 2DX

2A High Street, Nottingham, Nottinghamshire NG1 2ET

3 Colney Fields Shopping Park, St Albans, Hertfordshire AL2 1AB 30-32 Market Place, St. Albans, Hertfordshire AL3 5DG

302a High Street, Lincoln, Lincolnshire LN2 1AF 31 Eastgate Centre, Basildon, Essex SS14 1AE

32         Eastgate Street, Gloucester, Gloucestershire GL1 1PA 32-34 Watford Road, Wembley, Middlesex HA0 3EP

33         Villiers Street, London WC2N 6ND

33         Westgate Street, Ipswich, Suffolk IP1 3DR 33D Kings Road, London, London SW3 4LX 34 Broad Walk, Harlow, Essex CM20 1JA

34         Broad Walk, Town Centre, Chelmsford, Essex CM2 6GB 34 Coney Street, York, North Yorkshire YO1 9ND

34 Princes Quay Shopping Centre, Princes Quay Town Centre, Hull, North Humberside HU1 2PQ 34 Stodman Street, Newark, Nottinghamshire NG24 1AW

34 The Grand Arcade, Wigan, Lancashire WN1 1BH 34-36 High Street, Tenterden, Kent TN30 6AR

34-36 Montague Street, Worthing, West Sussex BN11 3HB          

35 County Mall, Crawley, West Sussex RH10 1FF 35 Queen Street, Oxford, Oxfordshire OX1 1ER

35 Stodman Street, Town Centre, Nottingham, Nottinghamshire NG13 0HJ 35-36 Gaolgate Street, Stafford, Staffordshire ST16 2NT

35-37 Parade, Leamington Spa, Warwickshire CV32 4BL 36 Cricklade Street, Cirencester, Gloucestershire GL7 1JH

36         Station Approach, Marylebone Road Regent’s Park, London NW1 5LD 365 Lord Street, Southport, Merseyside PR8 1NH

37         Commercial Street, Newport, Gwent NP20 1HP 38 New George Street, Plymouth, Devon PL1 1RW

38         Newland Walk, Northampton, Northamptonshire NN1 2EB 38 Royal Star Arcade, High Street, Maidstone, Kent ME14 1JL 38-40 Great Darkgate Street, Aberystwyth, Dyfed SY23 1DE 38-42 East Street, Brighton, East Sussex BN1 1HL

386 Oxford Street, London W1C 1JS

39 New Canal, Salisbury, Wiltshire SP1 2AA

39 Northumberland Street, Newcastle-upon-tyne, Tyne and Wear NE99 1AR 39 Parliament Street, York, North Yorkshire YO1 8RU

39-41 High Street, Brentwood, Essex CM14 4RH 3B Kinnaird Park, Edinburgh, Midlothian EH15 3RD

4 Culver Square Shopping Centre, 9-10b Culver Street West Town Centr, Colchester, Essex CO1 1NN 4 Old Christchurch Road, Bournemouth, Dorset BH1 1LG

40 George Street, Richmond, Surrey TW9 1HY

40         Queen Street, Cardiff, South Glamorgan CF10 2BX 40 Tavern Street, Ipswich, Suffolk IP1 3AP

41         Friars Square, Aylesbury, Buckinghamshire HP20 2SP 41 High Street, Weston-super-mare, Avon BS23 1HD

41 Old Christchurch Road, Bournemouth, Dorset BH1 1DS 42 Parade, Leamington Spa, Warwickshire CV32 4DN

42-43    Dolphin Centre, Poole, Dorset BH15 1SU

42-44    Shopping Precinct, Palace Gardens, Enfield, Middlesex EN2 6SN 43 Boston Road, London W7 3SH

43 Montague Street, Worthing, West Sussex BN11 3BN

43         Shopping Precinct, Palace Gardens, Enfield, Middlesex EN2 6SN

44         Braehead Shopping Centre, Kings Inch Road, Glasgow, Lanarkshire G51 4BP

44         Highcross Shopping Centre, Shires Lane City Centre, Leicester, Leicestershire LE1 4AN 44-45 Shires Walk, High Street, Leicester, Leicestershire LE1 4FQ

45         King Street, St Helier, Jersey, Channel Islands JE2 4WE

45         West Mall, Frenchgate Centre Town Centre, Doncaster, South Yorkshire DN1 1ST 45-46 Princes Street, Edinburgh, Midlothian EH2 2BY

46         High Street, Southend-on-sea, Essex SS1 1JG

46 Upper West Mall, Frenchgate Centre, Doncaster, South Yorkshire DN1 1LF 46-47 Regent Arcade, Regent Street, Cheltenham, Gloucestershire GL50 1JZ 47 Saturday Market, Beverley, North Humberside HU17 8AA

47-48 Fore Street, Trowbridge, Wiltshire BA14 8EJ

47-48 The Elmsleigh Centre, Staines, Middlesex TW18 4QB 48 Buchanan Street, Glasgow, Lanarkshire G1 3JN

48-49 High Street, Town Centre, Portsmouth, Hampshire PO1 2LU

49 Bicester Village, 50 Pingle Drive Town Center, Oxford, Oxfordshire OX2 6QY 498 Oxford Street, London, London W1C 1LQ           

5 Barkers Arcade, 63-97 Kensington High Street Kensin, London W8 5SE 5 Blighs Court, Sevenoaks, Kent TN13 1DD

5 Burton Street, Bath, Avon BA1 1BN

5 Eld Lane, Colchester, Essex CO1 1LS

5 Eldon Way, Eldon Square, Newcastle-upon-tyne, Tyne and Wear NE1 7XS 5 High Street, Banbury, Oxfordshire OX16 5DZ

5 Sterling Parade, The Street, Rustington, Littlehampton, West Sussex BN16 3DR 5-6 Cambrian Way, John Street, Carmarthen, Dyfed SA31 1QN

5-6 James Street, London, London WC2E 8BH 50-51 Clarks Village, Street, Somerset BA16 0BB 50-54 High Street, Guildford, Surrey GU1 3ES

51 51a, Clarence Street, Kingston-upon-thames, Surrey KT1 1RF 51 High Street, Chelmsford, Essex CM1 1DH

51 Pingle Drive, Bicester, Oxfordshire OX26 6WD 52 High Street, Reigate, Surrey RH2 9AT

52-54 Promenade, Town Centre, Cheltenham, Gloucestershire GL50 1LY 52-54 South John Street, Liverpool, Merseyside L1 8BJ

53 Brompton Road, London SW3 1DP

53-55 George Street, Altrincham, Cheshire WA14 1RJ

54 Grafton Centre, Cambridge, Cambridgeshire CB1 1PS 54 High Street, King’s Lynn, Norfolk PE30 1BE

56         Thurrock Lakeside Shopping Centr, West Thurrock, Grays, Essex RM20 2ZF 57 Buchanan Street, Glasgow, Lanarkshire G1 3HL

57         The Broadway, London, London W5 5JN

57 The Peacocks Centre, Woking, Surrey GU21 6GB 58 Castle Quay, Banbury, Oxfordshire OX16 5UW

59 Scotch Street, Carlisle, Cumbria CA3 8PD

6 Charter Square, Bury St. Edmunds, Suffolk IP33 3FD 6 Market Place, Rugby, Warwickshire CV21 3DY

6 New Bond Street, Weymouth, Dorset DT4 8LY

6 Newgate Row, Grosvenor Precinct, Chester, Cheshire CH1 1ER 6 West Street, Farnham, Surrey GU9 7DN

60 High Street, Lewes, East Sussex BN7 1XG

60 The Mall, Broadway Shopping Centre, Bexleyheath, Kent DA6 7JJ 60A Queensgate Centre, Peterborough, Cambridgeshire PE1 1NH 62 Linthorpe Road, Middlesbrough, Cleveland TS1 1RA

63 Victoria Centre, City Centre, Nottingham, Nottinghamshire NG1 3QF 64 The Mall, Burnley, Lancashire BB11 1BA

68 Buchanan Street, Glasgow, Lanarkshire G1 3JE 68-70 George Street, Richmond, Surrey TW9 1HE

6b And 4a Cricklade Street, Cirencester, Gloucestershire GL7 1JH

6b Cricklade Street, Town Centre, Cirencester, Gloucestershire GL7 1JH 7 North Walk, Yate, Bristol, Avon BS37 4AP

7 Parker Street, Liverpool, Merseyside L1 1DJ

7 Petty Cury, Cambridge, Cambridgeshire CB2 3NE 7 Silver Street, Bedford, Bedfordshire MK40 1SY

7 The Arcade, Meadowhall Centre, Sheffield, South Yorkshire S9 1EH

7 Union Square, Guild Street City Centre, Aberdeen, Aberdeenshire AB11 6NJ 7-11 Church Street, Coleraine, Co Londonderry BT52 1AN

70 Piccadilly, London W1J 8HP 

71-72 East Street, Chichester, West Sussex PO19 1HL 72 Broadmead, Bristol, Avon BS1 3DR

72a Queensmere, Slough, Berkshire SL1 1DD 73 High Street, King’s Lynn, Norfolk PE30 1BB 74 High Street, Maidenhead, Berkshire SL6 1PY

74 The Bridges, Sunderland, Tyne and Wear SR1 3LE 74-76 Church Street, Blackpool, Lancashire FY1 1HP

77 Cathedral Walk, The Ridings Centre, Wakefield, West Yorkshire WF1 1YD 77 Gracechurch Street, London EC3V 0AS

77 High Street, Barnstaple, Devon EX31 1HX

77 High Street, Worcester, Worcestershire WR1 2ET

79 High Street, Meadowhall Centre, Sheffield, South Yorkshire S9 1EN

7A Cheshire Oaks Outlet Village, Kinsey Road, Ellesmere Port, Merseyside CH65 9JJ 8 Bold Street, Liverpool, Liverpool, Merseyside L1 4DS

8-10 Albert Street, Nottingham, Nottinghamshire NG1 7DA 8-10 Whitefriars Street, Canterbury, Kent CT1 2TD

80 Merseyway, Stockport, Cheshire SK1 1PL

810 Oxford Street, Swansea, West Glamorgan SA1 3AF

83-85 Cameron Walk, Metrocentre, Gateshead, Tyne and Wear NE11 9YR 83-85 Terminus Road, Eastbourne, East Sussex BN21 3NJ

84a North Street, Chichester, West Sussex PO19 1LQ 85 St James Centre, Edinburgh, Midlothian EH1 3SJ

86 Almondvale Centre, Almondvale South, Livingston, West Lothian EH54 6HR 88 Strand Street, Douglas, Douglas, Isle of Man IM1 2EP

89-93 High Street, Solihull, West Midlands B91 3SW 9 Bridge Street, Haverfordwest, Dyfed SA61 2AL

9 Potter Street, Bishop’s Stortford, Hertfordshire CM23 3UH

9-10 Church Street, High Wycombe, Buckinghamshire HP11 2DE 9-11 Davygate, York, North Yorkshire YO1 8QR

9/11 Davy Place, Norwich, Norwich, Norfolk NR2 1AA

90-94 Midsummer Arcade, Milton Keynes, Buckinghamshire MK9 3BB 92 High Street, Ashford, Kent TN24 8SE

92 Market Street, St. Andrews, Fife KY16 9PA

92a Market Street, Town Centre, St Andrews, Fife KY16 9PA 96 Argyle Street, Glasgow, Lanarkshire G2 8BQ

99-101, The Mall Arndale Town Centre, Luton, Bedfordshire LU1 2TH 99a Princes Street, New, Town, Edinburgh, Midlothian EH2 3AA

A-B Grosvenor Centre, 42 Newland Walk Town Centre, Northampton, Northamptonshire NN1 2EP Airport Way, Luton, Bedfordshire LU2 9LY

Airside Departure Lounge, Terminal One, Manchester Airport, Manchester, Lancashire M90 3HG Arndale Centre, Manchester M4 3AQ

Barton Dock Road, Urmston, Manchester M41 7TB Bassingbourn Road, Stansted, Essex CM24 1QW

Bon Accord Centre, George Street, Aberdeen, Aberdeenshire AB25 1HZ Brigstowe Street, Bristol, Avon BS1 3BH

Broadway Shopping Centre, Hammersmith Broadway, London, London W6 9YD Burrows Walk, Derby, Derbyshire DE1 2PL

C4 Upper Mall, 61 Eastgate Centre Town Centre, Southend-on-sea, Essex SS14 1JJ City Centre, 74-76 Church Street, Blackpool, Lancashire FY1 1HP

Coopers Square, Town Centre, Derby, Derbyshire DE14 1DF         

Coopers Square, Town Centre, Derby, Derbyshire DE21 5DH Cribbs Causeway Regional Shopping C, Bristol, Avon BS34 5GF

Crompton Street Town Centre, 34 The Grand Arcade, Wigan, Lancashire WN1 1BH Culver Square, Colchester, Essex CO1 1WF

D Landside Concourse, Stansted Airport, Stansted, Essex CM24 1QW Deiniol Centre, High Street, Bangor, Gwynedd LL57 1NW

Digbeth, Middle Mall, Bullring, Birmingham, West Midlands B5 4BE East Midlands Airport, Derby, Derbyshire DE74 2SA

Fosse Park Shopping Centre, Fosse Park Avenue, Leicester, Leicestershire LE19 1HX Fulham Broadway Retail Centre, Fulham Road Fulham, London SW6 1BW

Fulham Broadway, London SW6 1BW

G34 Main Deck, Princes Quay, Hull, North Humberside HU1 2PQ Gatwick Airport, Horley, Surrey RH6 0FH

Glasgow Airport, Abbotsinch, Paisley, Renfrewshire PA3 2ST Guild Square, Aberdeen, Aberdeenshire AB11 5PS

Junction 32 Outlet Village, Castleford, West Yorkshire WF10 4FR

L27 Lower Level, White Rose Shopping Centre, Churwell, Leeds, West Yorkshire LS11 8LL L321, Buchanan Galleries, Glasgow, Lanarkshire G1 2GF

Lakeside Shopping Centre, West Thurrock, Grays, Essex RM20 2AB

Land of Prince Bishops, 5-6 High Street, Durham, County Durham DH1 3UJ Lawhouse Toll, Edinburgh, Midlothian EH15 3RH

London Heathrow Airport, Hounslow, Middlesex TW6 2GA

London Pavilion, 1 Piccadilly Circus London Haymarke, London W1J 0DA Longwood Road, Newtownabbey, Co Antrim BT37 9UH

Lower Guild Hall, Bluewater, Greenhithe, Kent DA9 9SN

Lsu 12, 118-112 Regent Crescent, Trafford Centre, Manchester M17 8AR Main Concourse, Victoria Station, London SW1V 1JY

Marriotts Walk, Witney, Oxfordshire OX28 6GW Marylebone Road, London NW1 5LA

Mendy Street, High Wycombe, Buckinghamshire HP11 2NZ

Mercury Gardens Town Centre, 25-27 The Liberty, Romford, Essex RM1 3RL Middle Mall, Bullring, Birmingham, West Midlands B5 4BE

Monsoon Building, 1 Nicholas Road, London W11 4AN

Monsoon Store 16-17, Paddington House, Town Centre, Basingstoke, Hampshire RG21 7LJ Monsoon Store 21 22, Union Street, Bath, Avon BA1 1RS

Monsoon Store, High Street, Newport, Isle of Wight PO30 1SE

New Zealand Avenue Town Centre, 12-16 Church Street, Kingston Upon Thames, Surrey KT1 1RJ New Zealand Avenue, Walton-on-thames, Surrey KT12 1AT

Newcastle International Airport, Newcastle-upon-tyne, Tyne and Wear NE13 8BZ Octagon Arcade, London, London EC2M 2AB

Olympic House, Manchester M90 1QX

Priory Meadow, Hastings, East Sussex TN34 1PH

Queen Street, St. Helier, Jersey, Channel Islands JE2 4WD Queensway, London W2 4YN

Rushmere Shopping Centre, Craigavon, Co Armagh BT64 1AA Shop 5, Barkers Arcade, High St Kensington, London W8 4EP

South Terminal, London Gatwick Airport, Gatwick, West Sussex RH6 0NN Southgate, Town Centre, East Kilbride, Glasgow, Lanarkshire G74 1LT

St Anns Road, Harrow, Middlesex HA1 1HS

St Davids Centre, Cardiff, South Glamorgan CF10 2DP     

St Pancras International Station, Pancras Road King’s Cross, London NW1 9QP Station Way Town Centre, 35 County Mall, Crawley, West Sussex RH10 1FF Strangeways Road, Cambridge, Cambridgeshire CB1 8PS

Terminal 1 Landside, Heathrow Airport, Hounslow, Middlesex TW6 2GA Terminal 2 Landside, Heathrow Airport, Hounslow, Middlesex TW6 1EW Terminal 3 Landside, Heathrow Airport, Hounslow, Middlesex TW6 2GA Terminal 4 Airside, Heathrow Airport, Hounslow, Middlesex TW6 2GA

The Criterion Arcade, 41 Old Christchurch Road, Bournemouth, Dorset BH1 1DS The Harlequin, Watford, Hertfordshire WD17 2TH

The London Pavilion, 1 Piccadilly, London, London W1J 0DA The Mall, Luton, Bedfordshire LU1 2TP

The Plaza, 120 Oxford Street, London, London W1D 1LT

The Village, South Terminal, London Gatwick Airport, Gatwick, West Sussex RH6 0NQ Tooley Street, London SE1 2QN

Town Centre, 10 High Street, Market Harborough, Leicestershire LE16 7NJ Town Centre, 10 King Street, Saffron Walden, Essex CB10 1ES

Town Centre, 10-11 High Town, Hereford, Herefordshire HR1 2AA Town Centre, 123-125 High Road, Ilford, Essex IG1 1DE

Town Centre, 135-136 Peascod Street, Windsor, Berkshire SL4 1DS Town Centre, 15-15A Week Street, Maidstone, Kent ME14 1QW Town Centre, 18-20 Penny Street, Lancaster, Lancashire LA1 1UA Town Centre, 19-21 High Street, Tonbridge, Kent TN9 1SQ

Town Centre, 23-27 Port Street, Stirling, Stirlingshire FK8 2EJ Town Centre, 46 High Street, Southend-on-sea, Essex SS1 1JG

Town Centre, 47-48 The Elmsleigh Centre, Staines, Middlesex TW18 4QB Town Centre, 57 The Peacocks Centre, Woking, Surrey GU21 6GB  Trostre Retail Park, Llanelli, Dyfed SA14 9UY

U210 Lower Guild Hall, Bluewater Shopping Centre Bluewater, Greenhithe, Kent DA9 9SN Unit 10, Bloomfield Shopping Centre, South Circular Road, Bangor, County Down BT19 7HB Unit 10b The Crescent Silverburn, Glasgow, Lanarkshire G76 8HT

Unit 11 Caledonia Centre, Central Station, Glasgow, Lanarkshire G1 3SQ Unit 11 Fulham Broadway Retail Cent, Fulham Broadway, London SW6 1BW

Unit 11, Silverburn Shopping Centre, 763 Barrhead Road, Glasgow, Lanarkshire G53 6AG Unit 12, Kingsgate Centre, Dunfermline, Fife KY12 7QA

Unit 12, The Orchards, Haywards Heath, West Sussex RH16 3TH Unit 15-16, St. Giles Centre, High Street, Elgin, Morayshire IV30 1EA Unit 150, 300 Royal Victoria Place, Tunbridge Wells, Kent TN1 2SR Unit 16, Churchill Square, Brighton, East Sussex BN1 2TB

Unit 16, Fairhill Shopping Centre, Fairhill Lane, Ballymena, County Antrim BT43 6UF Unit 17-18, St. Johns Centre, Perth, Perthshire PH1 5UX

Unit 18, The Pavilions, High Street, Birmingham, West Midlands B4 7SE Unit 2, 75 Union Street, Torquay, Devon TQ1 3DA

Unit 2, Antelope Walk, Dorchester, Dorset DT1 1BE

Unit 20, Riverside, Hemel Hempstead, Hertfordshire HP1 1BT

Unit 20-22, Erneside Shopping Centre, The Point, Enniskillen, County Fermanagh BT74 6JQ Unit 2078-2079 Westfield London Sho, Centre, Ariel Way, London W12 7GE

Unit 209, Courtway, Potteries Shopping Centre, Market Square, Stoke-on-trent, Staffordshire ST1 1PS Unit 22, 38 Canada Square, London, London E14 5AH

Unit 22, Wells Place Town Centre, The Swan Centre, Eastleigh, Hampshire SO50 5SG Unit 223 Level 2 North Mall, Westfield Centre, Derby, Derbyshire DE1 2PQ       

Unit 23 Bond Street Mall, Leeds Shopping Plaza, Leeds, Leeds, West Yorkshire LS1 5ED Unit 25, Putney Exchange, Putney High Street, London, London SW15 1TW

Unit 26, Forestside Shopping Centre, Upper Galwally, Belfast, County Antrim BT8 6FX

Unit 2A, Monks Cross Shopping Park, Monks Cross Drive, Huntington, York, North Yorkshire YO32 9GX Unit 2A, Ropewalk, Chapel Street, Nuneaton, Warwickshire CV11 5TZ

Unit 3 121-123, Bancroft, Hitchin, Hertfordshire SG5 1LS Unit 3, 16 Packers Row, Chesterfield, Derbyshire S40 1RB

Unit 319, 1st Floor Landside Terminal 1, Birmingham International Airport, Birmingham, West Midlands B26 3QJ Unit 33, Westwood Cross, Margate Road, Broadstairs, Kent CT10 2BF

Unit 35, Town Centre, The Loreburne Shopping Centre, Dumfries, Dumfriesshire DG1 2BD Unit 35a, The Merry Hill Centre, Brierley Hill, West Midlands DY5 1SP

Unit 36, Euston Station, London NW1 2DU

Unit 37, Centre Court Shopping Centre, 4 Queens Road, London, London SW19 8YE Unit 39, 24 The Friary Centre, Guildford, Surrey GU1 4SS

Unit 4 1-9, Donegall Place, Belfast BT1 5AA

Unit 4, Clayton Square Shopping Centre, Liverpool, Merseyside L1 1QR Unit 4, Parc Llandudno, Conway Road, Llandudno, Gwynedd LL30 1PX

Unit 4-5, The Howard Centre, Howardsgate, Welwyn Garden City, Hertfordshire AL8 6HA Unit 40, 1 Charles Street, Plymouth, Devon PL1 1EA

Unit 48 Victoria Station, London SW1V 1JU

Unit 4C, The Junction Shopping Centre, 20 St. John’s Hill, London, London SW11 1SA

Unit 5 Gate Level, Terminal Five, London Heathrow Airport, Hounslow, Middlesex TW6 2GA Unit 50, Eastgate Shopping Centre, Inverness, Inverness-Shire IV2 3PR

Unit 52, Station Concourse, Paddington Station, London, London W2 1HB Unit 56 Shires Centre, Leicester, Leicestershire LE1 4FP

Unit 6, Piccadilly Station, Manchester, Lancashire M1 2BN

Unit 61, Gunwharf Quays, Portsmouth, Portsmouth, Hampshire PO1 3TW Unit 7 New Broadmead, Union Street, Bristol, Avon BS1 2DL

Unit 7, Upper Mall, Darwin Centre, Shrewsbury, Shropshire SY1 1BN

Unit C2 & C3 Terminal 1 Airside, Manchester Airport, Manchester M90 3NX

Unit L4, Level 2, Foyleside Shopping Centre, Orchard Street, Londonderry, County Londonderry BT48 6XY Unit Lg6-7 Victoria Square, Belfast BT1 4QB

Unit N5, Brent Cross Shopping Centre, Prince Charles Drive, London, London NW4 3FY Unit O, East Mall, Castlepoint, Castle Lane West, Bournemouth, Dorset BH8 9UZ

Unit U26, Upper Rose Gallery, Bluewater, Greenhithe, Kent DA9 9SP Units 21-22, St Georges Centre, Harrow, Middlesex HA1 1AS

Upper Level, South Terminal, London Gatwick Airport, Gatwick, West Sussex RH6 0NN Upper Level, West Quay Shopping Centre, Southampton, Hampshire SO15 1QD  Upper Thames Walk, Bluewater, Greenhithe, Kent DA9 9SR

Victoria Station, London SW1V 1JU Waterloo Station, London, London SE1 7LY

Westfield Derby, 223 Burrows Walk Town Centre, Derby, Derbyshire DE1 2PL Westfield London Shopping Centre, Ariel Way, London, London W12 7GF Whitgift Centre, Croydon, Surrey CR0 1US       

 


Company relationships

 

Company No.           Name                                                             Status             Country                        

Ultimate parent                                                                                                                                         

-                                  BALMAIN INVEST & TRADE INC                      Other

Affiliated Companies

06292597

DRILLGREAT LIMITED

Active

United Kingdom

 

06678846

MONSOON JAPAN LIMITED

Active

United Kingdom

 

02585514

MONSOON LIMITED

Active

United Kingdom

IE382304

MONSOON ACCESSORIZE IRELAND LIMITED

Pending

Ireland

05661685

MONSOON ACCESSORIZE INTERNATIONAL LIMITED

Non Trading

United Kingdom

 

06908054

NOTTINGDALE CAFE LIMITED

Other

United Kingdom

 

 

Subsidiary companies

IE057468                     MONSOON ACCESSORIZE IRELAND               Other               Ireland

                       (HOLDINGS) LIMITED

 

Immediate parent

01200163                      MONSOON HOLDINGS LIMITED                        Active   United Kingdom

 

 

Business activities

 

Main Activity

SIC03

Retail sale of clothing

 

SIC07

Retail sale of clothing in specialised stores

 

Product Details

·         Dresses

Tops

Shirts & Blouses

Coats & Jackets

Knitwear

Trousers & Leggings

Jeans

Skirts

Swimwear

Nightwear & Loungewear

Shoes & Boots

Bags

Scarves

Jewellery

 

 

Economic data

 

Turnover and Employees

 

Date of accounts

Turnover

Employees

28/08/2010

GBP 561,749,218

3,841

27/08/2011

GBP 555,734,000

3,731

25/08/2012

GBP 490,898,000

2,956

 

 

Supplementary data

 

Banks

Bank Name

Bank Branch Sort Code

BARCLAYS BANK PLC

20-00-00

 

Auditor

 

Auditor name

BDO LLP

 

Events

 

County Court Judgments (CCJs)

Date

Amount

Court

Case number

Status

Date Paid

 

17/02/2011

GBP 2271

KINGSTON UPON HULL

1KH00211

Judgement

-

 

11/04/2011

GBP 129

NORTHAMPTON CCBC

1XZ59322

Satisfied

05/07/2011

 

27/05/2011

GBP 394

NORTHAMPTON CCBC

1XC65835

Satisfied

04/07/2011

30/06/2011

GBP 1166

NORTHAMPTON CCBC

1QT54842

Judgement

-

30/08/2011

GBP 805

NORTHAMPTON CCBC

1XB21010

Judgement

-

 

 

Company history

  Date                                               Action                                                                                                          

 

27/01/2009

Mr M.J. Vandenberghe has left the board

31/05/2009

New Accounts Filed

04/06/2009

Change in Reg.Office

07/06/2009

Annual Returns

14/10/2009

Mr M. Hudson has left the board

04/11/2009

New Board Member Mr P. Ridler appointed

04/06/2010

New Accounts Filed

04/06/2010

New Accounts Filed

15/06/2010

Annual Returns

03/05/2011

New Accounts Filed

03/05/2011

New Accounts Filed

02/07/2011

Annual Returns

02/06/2012

New Accounts Filed

02/06/2012

New Accounts Filed

26/06/2012

Annual Returns

24/07/2012

Mr S.J. Back has left the board

06/08/2012

Mr P. Ridler has left the board

06/08/2012

New Board Member Mr M.G. Holloway appointed

17/04/2013

New Accounts Filed

17/04/2013

New Accounts Filed

06/05/2013

New Board Member Mr J. Browett appointed

17/06/2013

Annual Returns

 

 

Mortgages

 

 

Charge created

19/06/1981

Charge registered

25/06/1981

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

BENEFIT OF AN AGREEMENT DATED 30.5.80

 

 

Charge created

19/06/1981

Charge registered

25/06/1981

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

BENEFIT OF AN AGREEMENT DATED 30.5.80 (SEE OC 724)

 

 

Charge created

19/06/1981

Charge registered

25/06/1981

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

BENEFIT OF AN AGREEMENT DATED 30.5.80 (SEE DOC M23)

 

 

Charge created

17/11/1981

Charge registered

30/11/1981

Status

SATISFIED

Entitled person

ALLIED BANK INTERNATIONAL

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENT DATED 9.7.81

Mortgage detail

RENTAL PAYMENTS DUE UNDER A LEASE AGREEMENT DATED 29.5.81 AS VARIED. (SEE DOC M27)

 

 

Charge created

17/11/1981

Charge registered

30/11/1981

Status

SATISFIED

Entitled person

ALLIED BANK INTERNATIONAL

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENT DATED 9.7.81

Mortgage detail

RENTAL PAYMENTS DUE UNDER A LEASE AGREEMENTS ATED 22.5.81

 

 

Charge created

28/05/1982

Charge registered

03/06/1982

Status

SATISFIED

Entitled person

ALLIED BANK INTERNATIONAL

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENT DATED 9.7.81

Mortgage detail

RENTAL PAYMENTS DUE UNDER A LEASE AGREMENTS DATED 28TH MAY, 1982 (SEE DOC M 28)

 

 

Charge created

19/11/1982

Charge registered

25/11/1982

Status

SATISFIED

Entitled person

NATIONAL WESTMINSTER BANK PLC

Secured amount

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE IN RELATION TOA GUARANTEE STERLING POUNDS 500,000 IN JOWAR OF TEX- TILE FINANCE LIMITED

Mortgage detail

THE SUM OF GBP 300,000 TOGETHER WITH INTEREST ACCRUED HELD BY THE BANK ON AC ACCOUNT IN THE NAME OF THE BANK.

 

 

Charge created

13/07/2010

Charge registered

23/07/2010

Status

OUTSTANDING

Entitled person

THE ROYAL BANK OF SCOTLAND PLC

Secured amount

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

Mortgage detail

ALL DEPOSITS NOW AND IN THE FUTURE CREDITED TO ACCOUNTS AND ANY DEPOSIT OR ACCOUNT OF ANY OTHER CURRENCY DESCRIPTION ORDESIGNA- TION WHICH DERIVES IN WHOLE OR IN PART FROM SUCH DEPOSITS OR AC- COUNT

 


Accounts

 

Profit & Loss

 

 

25/08/2012

56

GBP

Group: No

27/08/2011

56

GBP

Group: No

28/08/2010

56

GBP

Group: No

29/08/2009

56

GBP

Group: No

Turnover

490,898,000

555,734,000

561,749,218

540,393,146

Export

53,413,000

59,347,000

48,165,920

32,198,070

Cost of Sales

228,298,000

230,938,000

222,357,957

234,151,472

Gross Profit

262,600,000

324,796,000

339,391,261

306,241,674

Wages And Salaries

59,802,000

66,238,000

70,501,432

67,871,428

Directors Emoluments

0

0

0

0

Operating Profit

12,264,000

93,591,000

98,478,467

29,238,235

Depreciation

16,537,000

20,256,000

21,729,989

22,755,727

Audit Fees

165,000

160,000

204,000

212,000

Interests Payments

5,392,000

4,739,000

4,672,035

10,343,011

Pre Tax Profit

11,663,000

105,133,000

98,225,288

27,908,685

Taxation

-10,646,000

-38,290,000

-26,444,215

-5,617,911

Profit After Tax

1,017,000

66,843,000

71,781,073

22,290,774

Dividends Payable

6,440,000

163,786,000

56,500,000

76,521,062

Retained Profit

-5,423,000

-96,943,000

15,281,073

-54,230,288

 

Balance Sheet

 

25/08/2012

56

GBP

Group: No

27/08/2011

56

GBP

Group: No

28/08/2010

56

GBP

Group: No

29/08/2009

56

GBP

Group: No

Tangible Assets

54,300,000

73,244,000

80,074,382

92,534,997

Intangible Assets

150,000

222,000

1,407,114

1,575,650

Total Fixed Assets

54,450,000

73,466,000

81,481,496

94,110,647

Stock

67,615,000

70,218,000

61,760,519

59,396,755

Trade Debtors

28,293,000

24,004,000

14,932,861

12,262,858

Cash

30,650,000

42,508,000

115,104,645

100,008,132

Other Debtors

272,619,000

282,953,000

273,353,988

287,201,451

Miscellaneous Current Assets

0

0

0

0

Total Current Assets

399,177,000

419,683,000

465,152,013

458,869,196

Trade Creditors

61,215,000

59,100,000

61,463,150

49,049,664

Bank Loans and Overdraft

1,825,000

3,510,000

9,706,678

10,508,858

Other Short Term Finance

286,997,000

318,374,000

259,833,083

291,647,943

Miscellaneous Current Liabilities

65,669,000

67,937,000

64,450,647

82,523,817

Total Current Liabilities

415,706,000

448,921,000

395,453,558

433,730,282

Bank Loans and Overdrafts LTL

10,374,000

12,943,000

29,148,114

13,300,978

Other Long Term Finance

0

0

1,819,585

2,792,120

Total Long Term Liabilities

8,549,000

9,433,000

19,441,436

2,792,120

 

Capital & Reserves

 

25/08/2012

56

GBP

Group: No

27/08/2011

56

GBP

Group: No

28/08/2010

56

GBP

Group: No

29/08/2009

56

GBP

Group: No

Called Up Share Capital

100,000

100,000

100,000

100,000

P and L Account Reserve

29,272,000

34,695,000

131,638,515

116,357,441

Revaluation Reserve

0

0

0

0

Sundry Reserves

0

0

0

0

Shareholders Funds

29,372,000

34,795,000

131,738,515

116,457,441

 

Other Financial Items

 

25/08/2012

56

GBP

Group: No

27/08/2011

56

GBP

Group: No

28/08/2010

56

GBP

Group: No

29/08/2009

56

GBP

Group: No

Net Worth

29,222,000

34,573,000

130,331,401

114,881,791

Working Capital

-16,529,000

-29,238,000

69,698,455

25,138,914

Total Assets

453,627,000

493,149,000

546,633,509

552,979,843

Total Liabilities

424,255,000

458,354,000

414,894,994

436,522,402

Net Assets

29,372,000

34,795,000

131,738,515

116,457,441

 

Cash Flow

 

25/08/2012

56

GBP

Group: No

27/08/2011

56

GBP

Group: No

28/08/2010

56

GBP

Group: No

29/08/2009

56

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

-11,858,000

-72,596,645

15,096,513

38,565,500

 

Miscellaneous 

 

25/08/2012

56

GBP

Group: No

27/08/2011

56

GBP

Group: No

28/08/2010

56

GBP

Group: No

29/08/2009

56

GBP

Group: No

Capital Employed

37,921,000

44,228,000

151,179,951

119,249,561

 

Financial Ratios

Name

25/082012

27/08/2011

28/08/2010

29/08/2009

Pre Tax Profit Margin

2.38 %

18.92 %

17.49 %

5.16 %

Current Ration

0.96

0.93

1.18

1.06

Sales or Net Working Capital

-29.70

-19.01

8.06

21.50

Gearing

35.32 %

37.20 %

22.13 %

11.42 %

Equity

6.48 %

7.06 %

24.16 %

21.12 %

Creditor Days

45.39

38.70

39.82

33.03

Debtor Days

20.97

15.72

9.67

8.26

Liquidity or Acid test

0.79

0.77

1.02

0.92

Return on Capital Employed

30.75 %

237.70 %

64.97 %

23.40 %

Return on Total Assets Employed

2.57 %

21.31 %

17.96 %

5.04 %

Current Debt Ratio

14.15 %

12.90 %

3.00 %

3.72 %

Total Debt Ratio

14.44 %

13.17 %

3.14 %

3.74 %

Stock Turnover Ratio

13.77 %

12.63 %

10.99 %

10.99 %

Return on Net Assets Employed

39.70 %

302.14 %

74.56 %

23.96 %

 


 

DIAMOND INDUSTRY – INDIA

 

-            From time immemorial, India is well known in the world as the birthplace for diamonds.  It is difficult to trace the origin of diamonds but history says that in the remote past, diamonds were mined only in India. Diamond production in India can be traced back to almost 8th Century B.C.  India, in fact, remained undisputed leader till 18th Century when Brazilian fields were discovered in 1725 followed by emergence of S. Africa, Russia and Australia.

-            The achievement of the Indian diamond industry was possible only due to combination of the manufacturing skills of the Indian workforce and the untiring and unflagging efforts of the Indian diamantaires, supported by progressive Government policies.

-            The area of study of family owned diamond businesses derives its importance from the huge conglomerate of family run organizations which operate in the diamond industry since many generations.

-            Some of the basic traits of family run business enterprises include spirit of entrepreneurship, mutual trust lowers transaction costs, small, nimble and quick to react, information as a source of advantage and philanthropy.

-            Family owned diamond businesses need to improve on many fronts including higher standard of corporate governance, long-term performance – focused strategies, modern management and technology.

-            Utmost caution is to be exercised while dealing with some medium and large diamond traders which are usually engaged in fictitious import – export, inter-company transactions, financially assisted by banks. In the process, several public sector banks lost several hundred million rupees. They mostly diverted borrowed money for diamond business into real estate and capital markets.

-            Excerpts from Times of India dated 30th October 2010 is as under –

 

-            Gem & Jewellery Export Promotion Council in its statistical data has shown the export of polished diamonds to have increase by 28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in February, 2012, India exported $ 1.84 billion worth of polished diamonds in February 2013. A senior executive of GJEPC said, “Export of cut and polished diamonds started falling month-wise after the imposition of 2 % of import duty on the polished diamonds. But February, 2013 has given a new ray of hope to the industry as the export of polished diamonds has actually increased by 28 %. It means the industry  is on the track of recovery and round tripping of diamonds has stopped completely.” Demand has started coming from the US, the UK, Japan and China. India’s polished diamond export is expected to cross $ 21 bn in 2013-14.

 

-            The banking sector has started exercising restraint while following prudent risk management norms when lending money to gems and jewellery sector. This follows the implementation of Basel III accord – a global voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity.

 


 

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%)

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.