MIRA INFORM REPORT
|
Report Date : |
11.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MONSOON ACCESSORIZE LIMITED |
|
|
|
|
Formerly Known As : |
MONSOON LIMITED |
|
|
|
|
Registered Office : |
1 Nicholas Road, London, W11 4AN |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.08.2013 |
|
|
|
|
Date of Incorporation : |
22.02.1973 |
|
|
|
|
Com. Reg. No.: |
01098034 |
|
|
|
|
Legal Form : |
Private limited with Share Capital |
|
|
|
|
Line of Business : |
Subject is engaged in the Sale of women’s,
men’s and children’s clothing, accessories, homeware and gifts. |
|
|
|
|
No. of Employees : |
3033 |
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 |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
United Kingdom |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
UNITED KINGDOM - ECONOMIC OVERVIEW
The UK, a leading trading power and financial center, is the
third largest economy in Europe after Germany and France. Over the past two
decades, the government has greatly reduced public ownership. 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, are key drivers of
British GDP growth. Manufacturing, meanwhile, has declined in importance but
still accounts for about 10% of economic output. 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. Falling 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 included 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
about 11% of GDP in 2010 to nearly 1% by 2015. In November 2011, Chancellor of
the Exchequer George OSBORNE announced additional austerity measures through
2017 largely due to 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 £375 billion (approximately $605 billion) as of
December 2013. 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, however, in 2013 GDP grew
1.4%, accelerating unexpectedly in the second half of the year because of
greater consumer spending and a recovering housing market. The budget deficit
is falling but remains high at nearly 7% and public debt has continued to
increase.
|
Source
: CIA |
REGISTERED
NAME & COMPANY SUMMARY
Company Name: MONSOON
ACCESSORIZE LIMITED
Company No: 01098034
Registered Address: 1 NICHOLAS ROAD
LONDON
W11 4AN
Company
details
Registered Address: 1 NICHOLAS ROAD
LONDON
W11 4AN
Trading Address: 17-18 Queensgate Centre
Peterborough
Cambridgeshire
PE1 1NH
Website Address: http://www.monsoon.co.uk
Telephone Number: 02033723000
Fax Number: 02086014040
TPS : No
FPS: Yes
Incorporation Date: 22.02.1973
Previous Name : MONSOON LIMITED
Type : Private
limited with Share Capital
FTSE Index: --
Date of change: 13.01.1998
Filing Date of Accounts: 05.02.2014
Currency: GBP
Share Capital: Pound
100,000
SIC07 : 47710
SIC07 Description: RETAIL SALE OF CLOTHING IN SPECIALIZED STORES
Principal Activity: Sale of women’s, men’s and children’s clothing,
accessories, homeware and gifts.
DIRECTORS/MANAGEMENT
|
Total Current Directors |
4 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
14 |
Current Directors
|
Name |
Date of Birth |
24/09/1952 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
11 |
Function |
Director |
|
Appointment Date |
25/04/2006 |
|
|
|
Address |
8 Chepstow Villas, London, W11 2RB |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
12/11/1963 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
14 |
Function |
Director |
|
Appointment Date |
27/07/2012 |
|
|
|
Address |
1 Nicholas Road, London, W11 4AN |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
10/12/1963 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
02/05/2013 |
|
|
|
Address |
1 Nicholas Road, London, W11 4AN |
||
|
Other Actions |
|
||
|
Name |
Date of Birth |
28/05/1964 |
|
|
Officers Title |
Mr |
Nationality |
Irish |
|
Present Appointments |
6 |
Function |
Director |
|
Appointment Date |
05/02/2014 |
|
|
|
Address |
1 Nicholas Road, London, W11 4AN |
||
|
Other Actions |
|
||
Current Company Secretary
|
Name |
Date of Birth |
- |
|
|
Officers Title |
|
Nationality |
British |
|
Present Appointments |
3 |
Function |
Company Secretary |
|
Appointment Date |
21/05/2003 |
|
|
|
Address |
103 Saint Kilda Road, West Ealing, London,
W13 9DF |
||
Previous Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
9 |
10 |
|
|
9 |
10 |
|
|
0 |
3 |
|
|
0 |
1 |
|
|
0 |
2 |
|
|
11 |
97 |
|
|
3 |
9 |
|
|
3 |
9 |
|
|
0 |
4 |
|
|
1 |
31 |
|
|
13 |
63 |
|
|
4 |
4 |
|
|
0 |
4 |
|
|
1 |
4 |
NEGATIVE
INFORMATION
CCJ
|
Total Number of Exact CCJs - |
Total Value of Exact CCJs - |
||
|
Total Number of Possible CCJs - |
Total Value of Possible CCJs - |
||
|
Total Number of Satisfied CCJs - |
Total Value of Satisfied CCJs - |
||
|
Total Number of Writs - |
- |
|
|
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
30/08/2011 |
NORTHAMPTON CCBC |
£805 |
Satisfied |
1XB21010 |
07/11/2013 |
|
30/06/2011 |
NORTHAMPTON CCBC |
£1,166 |
Satisfied |
1QT54842 |
26/08/2011 |
|
27/05/2011 |
NORTHAMPTON CCBC |
£394 |
Satisfied |
1XC65835 |
04/07/2011 |
|
11/04/2011 |
NORTHAMPTON CCBC |
£129 |
Satisfied |
1XZ59322 |
05/07/2011 |
|
17/02/2011 |
KINGSTON UPON HULL |
£2,271 |
Judgement |
1KH00211 |
- |
Possible CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
Registered CCJ / CJ Details |
|
13/08/2013 |
LANARK |
£833 |
Judgement |
SA112/13 |
- |
T/A MONSOON, 1-5 CARNWATH RD, CARLUKE, ML8
4DF, ML8 4DF, ML8 4DF |
|
08/08/2012 |
NORTHAMPTON CCBC |
£6,155 |
Judgement |
2XF39415 |
- |
T/AS MONSOON, 7 RYTON STREET, WORKSOP, S80
2AY, S80 2AY, S80 2AY |
Exact CCJ Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
|
30/08/2011 |
NORTHAMPTON CCBC |
£805 |
Satisfied |
1XB21010 |
07/11/2013 |
|
30/06/2011 |
NORTHAMPTON CCBC |
£1,166 |
Satisfied |
1QT54842 |
26/08/2011 |
|
27/05/2011 |
NORTHAMPTON CCBC |
£394 |
Satisfied |
1XC65835 |
04/07/2011 |
|
11/04/2011 |
NORTHAMPTON CCBC |
£129 |
Satisfied |
1XZ59322 |
05/07/2011 |
|
17/02/2011 |
KINGSTON UPON HULL |
£2,271 |
Judgement |
1KH00211 |
- |
Possible CCJs Details
|
Date |
Court |
Amount |
Status |
Case Number |
Date Paid |
Registered CCJ Details |
|
13/08/2013 |
LANARK |
£833 |
Judgement |
SA112/13 |
- |
T/A MONSOON, 1-5 CARNWATH RD, CARLUKE, ML8 4DF,
ML8 4DF, ML8 4DF |
|
08/08/2012 |
NORTHAMPTON CCBC |
£6,155 |
Judgement |
2XF39415 |
- |
T/AS MONSOON, 7 RYTON STREET, WORKSOP, S80
2AY, S80 2AY, S80 2AY |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
CHARGE OF DEPOSIT |
||
|
Date Charge Created: |
13/07/10 |
|
|
|
Date Charge Registered: |
23/07/10 |
|
|
|
Date Charge Satisfied: |
- |
|
|
|
Status: |
OUTSTANDING |
|
|
|
Person(s) Entitled: |
THE ROYAL BANK OF SCOTLAND PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL DEPOSITS NOW AND IN THE FUTURE CREDITED
TO ACCOUNTS AND ANY DEPOSIT OR ACCOUNT OF ANY OTHER CURRENCY DESCRIPTION
ORDESIGNATION WHICH DERIVES IN WHOLE OR IN PART FROM SUCH DEPOSITS OR ACCOUNT |
||
|
Mortgage Type: |
CHARGE OVER CREDIT BALANCE |
||
|
Date Charge Created: |
19/11/82 |
|
|
|
Date Charge Registered: |
25/11/82 |
|
|
|
Date Charge Satisfied: |
25/11/82 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE IN RELATION TOA GUARANTEE STERLINGPOUNDS 500,000 IN
JOWAR OF TEXTILE FINANCE LIMITED |
||
|
Details: |
THE SUM OF £300,000 TOGETHER WITH INTEREST
ACCRUED HELD BY THE BANK ON AC ACCOUNT IN THE NAME OF THE BANK. |
||
|
Mortgage Type: |
ASSIGNMENT |
||
|
Date Charge Created: |
28/05/82 |
|
|
|
Date Charge Registered: |
03/06/82 |
|
|
|
Date Charge Satisfied: |
03/06/82 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED BANK INTERNATIONAL |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENTDATED 9.7.81 |
||
|
Details: |
RENTAL PAYMENTS DUE UNDER A LEASE AGREMENTS
DATED 28TH MAY, 1982 (SEE DOC M 28) |
||
|
Mortgage Type: |
SECURITY ASSIGNMENT |
||
|
Date Charge Created: |
17/11/81 |
|
|
|
Date Charge Registered: |
30/11/81 |
|
|
|
Date Charge Satisfied: |
30/11/81 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED BANK INTERNATIONAL |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENTDATED 9.7.81 |
||
|
Details: |
RENTAL PAYMENTS DUE UNDER A LEASE AGREEMENT
DATED 29.5.81 AS VARIED. (SEE DOC M27) |
||
|
Mortgage Type: |
SECURITY ASSIGNMENT |
||
|
Date Charge Created: |
17/11/81 |
|
|
|
Date Charge Registered: |
30/11/81 |
|
|
|
Date Charge Satisfied: |
30/11/81 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
ALLIED BANK INTERNATIONAL |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE UNDER THE TERMS OF A LOAN AGREEMENTDATED 9.7.81 |
||
|
Details: |
RENTAL PAYMENTS DUE UNDER A LEASE AGREEMENTS
ATED 22.5.81 |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
19/06/81 |
|
|
|
Date Charge Registered: |
25/06/81 |
|
|
|
Date Charge Satisfied: |
25/06/81 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
BENEFIT OF AN AGREEMENT DATED 30.5.80 |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
19/06/81 |
|
|
|
Date Charge Registered: |
25/06/81 |
|
|
|
Date Charge Satisfied: |
25/06/81 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE
COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
BENEFIT OF AN AGREEMENT DATED 30.5.80 (SEE
OC 724) |
||
|
Mortgage Type: |
CHARGE |
||
|
Date Charge Created: |
19/06/81 |
|
|
|
Date Charge Registered: |
25/06/81 |
|
|
|
Date Charge Satisfied: |
25/06/81 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
NATIONAL WESTMINSTER BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
BENEFIT OF AN AGREEMENT DATED 30.5.80 (SEE
DOC M23) |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20 Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
MONSOON HOLDINGS LTD |
GBP |
100,000 |
ORDINARY |
1 |
100 |
PAYMENT
INFORMATION
Creditor Details
|
|
Total
Number |
Total
Value |
|
Trade Creditors |
0 |
- |
|
No Creditor Data |
Trade Debtors / Bad Debt Detail
|
|
Total Number
of Documented Trade |
Total
Value of Documented Trade |
|
Trade Debtors |
- |
- |
|
No Debtor Data |
|
Average Invoice Value |
£760.63 |
|
Invoices available |
1151 |
|
Paid |
473 |
|
Outstanding |
678 |
|
Trade Payment Data is information that we
collect from selected third party partners who send us information about
their whole sales ledger. |
|
|
Within Terms |
0-30 Days |
31-60 Days |
61-90 Days |
91+ Days |
|
Paid |
398 |
48 |
13 |
1 |
13 |
|
Outstanding |
661 |
3 |
2 |
0 |
12 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Statistics
|
Group |
11 companies |
|
Linkages |
|
|
Countries |
Summary
|
Holding Company |
MONSOON HOLDINGS LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
BALMAIN INVEST & TRADE INC |
Group structure
|
Company Name |
|
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
|
N/A |
- |
- |
|
|
|
|
N/A |
- |
- |
|
|
|
06292597 |
31.08.2013 |
Y |
£551,884,000 |
|
|
|
06678846 |
31.08.2013 |
N |
|
|
|
|
02585514 |
31.08.2013 |
N |
|
|
|
|
01200163 |
31.08.2013 |
N |
|
|
|
|
01098034 |
31.08.2013 |
N |
£511,268,000 |
|
|
|
IE057468 |
31.08.2013 |
N |
|
|
|
|
IE382304 |
31.08.2013 |
N |
€18,546,595 |
|
|
|
05661685 |
30.08.2012 |
N |
|
|
|
|
06908054 |
31.05.2011 |
N |
£306,808 |
BALMAIN
INVEST & TRADE INC Statistics
|
Group |
|
|
Linkages |
2 companies |
|
Countries |
In 2 countries |
Other Linked companies
|
|
Number |
Latest Key Financials |
||
|
|
482201233 |
31.08.2013 |
€16,021,611 |
|
|
|
HRB 5470 |
31.08.2013 |
|
FINANCIAL
INFORMATION
Profit & Loss
|
Date Of Accounts |
31/08/13 |
(%) |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
|
Weeks |
53 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£511,268,000 |
4.1% |
£490,898,000 |
-11.7% |
£555,734,000 |
-1.1% |
£561,749,218 |
4% |
£540,393,146 |
|
Export |
£58,373,000 |
9.3% |
£53,413,000 |
-10% |
£59,347,000 |
23.2% |
£48,165,920 |
49.6% |
£32,198,070 |
|
Cost of Sales |
£236,447,000 |
3.6% |
£228,298,000 |
-1.1% |
£230,938,000 |
3.9% |
£222,357,957 |
-5% |
£234,151,472 |
|
Gross Profit |
£274,821,000 |
4.7% |
£262,600,000 |
-19.1% |
£324,796,000 |
-4.3% |
£339,391,261 |
10.8% |
£306,241,674 |
|
Wages & Salaries |
£70,602,000 |
10% |
£64,188,000 |
-10.1% |
£71,373,000 |
-5.3% |
£75,385,517 |
3.5% |
£72,848,118 |
|
Directors Emoluments |
£459,000 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Operating Profit |
£46,277,000 |
-79.7% |
£228,298,000 |
143.9% |
£93,591,000 |
-5% |
£98,478,467 |
236.8% |
£29,238,235 |
|
Depreciation |
£13,505,000 |
-18.3% |
£16,537,000 |
-18.4% |
£20,256,000 |
-6.8% |
£21,729,989 |
-4.5% |
£22,755,727 |
|
Audit Fees |
£178,000 |
7.9% |
£165,000 |
3.1% |
£160,000 |
-21.6% |
£204,000 |
-3.8% |
£212,000 |
|
Interest Payments |
£4,178,000 |
-22.5% |
£5,392,000 |
13.8% |
£4,739,000 |
1.4% |
£4,672,035 |
-54.8% |
£10,343,011 |
|
Pre Tax Profit |
£46,049,000 |
294.8% |
£11,663,000 |
-88.9% |
£105,133,000 |
7% |
£98,225,288 |
252% |
£27,908,685 |
|
Taxation |
-£12,208,000 |
-14.7% |
-£10,646,000 |
72.2% |
-£38,290,000 |
-44.8% |
-£26,444,215 |
-370.7% |
-£5,617,911 |
|
Profit After Tax |
£33,841,000 |
999.9% |
£1,017,000 |
-98.5% |
£66,843,000 |
-6.9% |
£71,781,073 |
222% |
£22,290,774 |
|
Dividends Payable |
£7,200,000 |
11.8% |
£6,440,000 |
-96.1% |
£163,786,000 |
189.9% |
£56,500,000 |
-26.2% |
£76,521,062 |
|
Retained Profit |
£26,641,000 |
591.3% |
-£5,423,000 |
94.4% |
-£96,943,000 |
-734.4% |
£15,281,073 |
128.2% |
-£54,230,288 |
Balance Sheet
|
Date Of Accounts |
31/08/13 |
(%) |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
|
Tangible Assets |
£45,826,000 |
-15.6% |
£54,300,000 |
-25.9% |
£73,244,000 |
-8.5% |
£80,074,382 |
-13.5% |
£92,534,997 |
|
Intangible Assets |
£95,000 |
-36.7% |
£150,000 |
-32.4% |
£222,000 |
-84.2% |
£1,407,114 |
-10.7% |
£1,575,650 |
|
Total Fixed Assets |
£45,921,000 |
-15.7% |
£54,450,000 |
-25.9% |
£73,466,000 |
-9.8% |
£81,481,496 |
-13.4% |
£94,110,647 |
|
Stock |
£63,647,000 |
-5.9% |
£67,615,000 |
-3.7% |
£70,218,000 |
13.7% |
£61,760,519 |
4% |
£59,396,755 |
|
Trade Debtors |
£23,068,000 |
-18.5% |
£28,293,000 |
17.9% |
£24,004,000 |
60.7% |
£14,932,861 |
21.8% |
£12,262,858 |
|
Cash |
£64,612,000 |
110.8% |
£30,650,000 |
-27.9% |
£42,508,000 |
-63.1% |
£115,104,645 |
15.1% |
£100,008,132 |
|
Other Debtors |
£268,350,000 |
-1.6% |
£272,619,000 |
-3.7% |
£282,953,000 |
3.5% |
£273,353,988 |
-4.8% |
£287,201,451 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£419,677,000 |
5.1% |
£399,177,000 |
-4.9% |
£419,683,000 |
-9.8% |
£465,152,013 |
1.4% |
£458,869,196 |
|
Trade Creditors |
£52,156,000 |
-14.8% |
£61,215,000 |
3.6% |
£59,100,000 |
-3.8% |
£61,463,150 |
25.3% |
£49,049,664 |
|
Bank Loans & Overdrafts |
£3,279,000 |
79.7% |
£1,825,000 |
-48% |
£3,510,000 |
-63.8% |
£9,706,678 |
-7.6% |
£10,508,858 |
|
Other Short Term Finance |
£277,737,000 |
-3.2% |
£286,997,000 |
-9.9% |
£318,374,000 |
22.5% |
£259,833,083 |
-10.9% |
£291,647,943 |
|
Miscellaneous Current Liabilities |
£68,888,000 |
4.9% |
£65,669,000 |
-3.3% |
£67,937,000 |
5.4% |
£64,450,647 |
-21.9% |
£82,523,817 |
|
Total Current Liabilities |
£402,060,000 |
-3.3% |
£415,706,000 |
-7.4% |
£448,921,000 |
13.5% |
£395,453,558 |
-8.8% |
£433,730,282 |
|
Bank Loans & Overdrafts and LTL |
£10,804,000 |
4.1% |
£10,374,000 |
-19.8% |
£12,943,000 |
-55.6% |
£29,148,114 |
119.1% |
£13,300,978 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
-100% |
£1,819,585 |
-34.8% |
£2,792,120 |
|
Total Long Term Liabilities |
£7,525,000 |
-12% |
£8,549,000 |
-9.4% |
£9,433,000 |
-51.5% |
£19,441,436 |
596.3% |
£2,792,120 |
Capital &
Reserves
|
Date Of Accounts |
31/08/13 |
(%) |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
|
Called Up Share Capital |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
- |
£100,000 |
|
P & L Account Reserve |
£55,913,000 |
91% |
£29,272,000 |
-15.6% |
£34,695,000 |
-73.6% |
£131,638,515 |
13.1% |
£116,357,441 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
£56,013,000 |
90.7% |
£29,372,000 |
-15.6% |
£34,795,000 |
-73.6% |
£131,738,515 |
13.1% |
£116,457,441 |
Other Financial Items
|
Date Of Accounts |
31/08/13 |
(%) |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
|
Net Worth |
£55,918,000 |
91.4% |
£29,222,000 |
-15.5% |
£34,573,000 |
-73.5% |
£130,331,401 |
13.4% |
£114,881,791 |
|
Working Capital |
£17,617,000 |
206.6% |
-£16,529,000 |
43.5% |
-£29,238,000 |
-141.9% |
£69,698,455 |
177.3% |
£25,138,914 |
|
Total Assets |
£465,598,000 |
2.6% |
£453,627,000 |
-8% |
£493,149,000 |
-9.8% |
£546,633,509 |
-1.1% |
£552,979,843 |
|
Total Liabilities |
£409,585,000 |
-3.5% |
£424,255,000 |
-7.4% |
£458,354,000 |
10.5% |
£414,894,994 |
-5% |
£436,522,402 |
|
Net Assets |
£56,013,000 |
90.7% |
£29,372,000 |
-15.6% |
£34,795,000 |
-73.6% |
£131,738,515 |
13.1% |
£116,457,441 |
Miscellaneous
|
Date Of Accounts |
31/08/13 |
(%) |
25/08/12 |
(%) |
27/08/11 |
(%) |
28/08/10 |
(%) |
29/08/09 |
|
Contingent Liability |
NO |
- |
NO |
- |
NO |
- |
NO |
- |
NO |
|
Capital Employed |
£63,538,000 |
67.6% |
£37,921,000 |
-14.3% |
£44,228,000 |
-70.7% |
£151,179,951 |
26.8% |
£119,249,561 |
|
Number of Employees |
3033 |
2.6% |
2956 |
-20.8% |
3731 |
-2.9% |
3841 |
-3.1% |
3965 |
|
Auditors |
BDO LLP |
||||||||
|
Auditor Comments |
The audit report contains no adverse
comments |
||||||||
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
Bank Branch Code |
20-00-00 |
||||||||
Ratios
|
Date Of Accounts |
31/08/13 |
25/08/12 |
27/08/11 |
28/08/10 |
29/08/09 |
|
Pre-tax profit margin % |
9.01 |
2.38 |
18.92 |
17.49 |
5.16 |
|
Current ratio |
1.04 |
0.96 |
0.93 |
1.18 |
1.06 |
|
Sales/Net Working Capital |
29.02 |
-29.70 |
-19.01 |
8.06 |
21.50 |
|
Gearing % |
19.30 |
35.30 |
37.20 |
22.10 |
11.40 |
|
Equity in % |
12 |
6.50 |
7.10 |
24.20 |
21.10 |
|
Creditor Days |
37.84 |
45.39 |
38.70 |
39.82 |
33.03 |
|
Debtor Days |
16.73 |
20.97 |
15.72 |
9.67 |
8.26 |
|
Liquidity/Acid Test |
0.88 |
0.79 |
0.77 |
1.02 |
0.92 |
|
Return On Capital Employed % |
72.47 |
30.75 |
237.70 |
64.97 |
23.40 |
|
Return On Total Assets Employed % |
9.89 |
2.57 |
21.31 |
17.96 |
5.04 |
|
Current Debt Ratio |
7.17 |
14.15 |
12.90 |
3 |
3.72 |
|
Total Debt Ratio |
7.31 |
14.44 |
13.17 |
3.14 |
3.74 |
|
Stock Turnover Ratio % |
12.44 |
13.77 |
12.63 |
10.99 |
10.99 |
|
Return on Net Assets Employed % |
82.21 |
39.70 |
302.14 |
74.56 |
23.96 |
FOREIGN
EXCHANGE RATES
Na
ADDITIONAL
INFORMATION
Commentary
Multiple CCJ's recorded against the company.
Sales in the latest trading period increased
4.1% on the previous trading period.
Net Worth increased by 91.4% during the latest
trading period.
A 2.6% growth in Total Assets occurred during
the latest trading period.
Pre-tax profits increased by 294.8% compared
to the previous trading period.
The company saw an increase in their Cash
Balance of 110.8% during the latest trading period.
The audit report contains no adverse comments.
The company has undergone recent changes in
its directorships.
The company is part of a group.
The company was established over 40 years ago.
Status History
|
No Status History found |
Event History
|
Date |
Description |
|
17/02/2014 |
New Board Member Mr P. Allen appointed |
|
14/02/2014 |
New Accounts Filed |
|
14/02/2014 |
New Accounts Filed |
|
17/06/2013 |
Annual Returns |
|
06/05/2013 |
New Board Member Mr J. Browett appointed |
|
17/04/2013 |
New Accounts Filed |
|
17/04/2013 |
New Accounts Filed |
|
06/08/2012 |
Mr P. Ridler has left the board |
|
06/08/2012 |
New Board Member Mr M.G. Holloway appointed |
|
24/07/2012 |
Mr S.J. Back has left the board |
|
26/06/2012 |
Annual Returns |
|
02/06/2012 |
New Accounts Filed |
|
02/06/2012 |
New Accounts Filed |
|
02/07/2011 |
Annual Returns |
|
03/05/2011 |
New Accounts Filed |
Previous Company Names
|
Date |
Previous Name |
|
13/01/1998 |
MONSOON LIMITED |
|
15/10/1986 |
MONSOON FASHIONS LIMITED |
|
31/12/1977 |
SILTROP LIMITED |
NOTES
& COMMENTS
Na
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.26 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.80.59 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.