MIRA INFORM REPORT
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Report Date : |
13.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FRENCH CONNECTION UK LIMITED |
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Formerly Known As : |
FRENCH CONNECTION RETAIL LIMITED |
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Registered Office : |
20-22 Bedford Row, London WC1R 4JS |
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Country : |
United Kingdom |
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Financials (as on) : |
31.01.2013 |
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Date of Incorporation : |
08.08.1975 |
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Legal Form : |
Private Limited with Share Capital |
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Line of Business : |
· Supply of fashion merchandise ·
Retail Sale of Clothing in specialized Stores |
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No. of Employees : |
1420 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – 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 |
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Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
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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
FRENCH CONNECTION
UK LIMITED
Registered Address : 20-22 Bedford Row, London WC1R 4JS
Trading Address: 20-22 Bedford Row, London WC1R 4JS
Website Address : http://www.frenchconnection.com
TPS : -
FPS No
Incorporation Date : 08.08.1975
Previous Name : FRENCH CONNECTION RETAIL LIMITED
Type : Private Limited with Share Capital
Date of Change : 07.02.2011
Filing Date of Accounts 25.07.2013
Currency : GBP
Share Capital :
£25,000,100
SIC07 : 47710
SIC07 Description : Retail Sale of Clothing in specialized Stores
Principal Activity : Supply of fashion merchandise
DIRECTORS/MANAGEMENT
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Total Current Directors |
4 |
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Total Current Secretaries |
1 |
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Total Previous Directors / Company Secretaries |
2 |
Current Directors
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Name |
Date of Birth |
23/05/1946 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
25 |
Function |
Director |
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Appointment Date |
07/07/1992 |
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|
|
Address |
39-41 Egerton Terrace, London, SW3 2BU |
||
|
Name |
Date of Birth |
07/10/1952 |
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|
Officers Title |
Ms |
Nationality |
British |
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Present Appointments |
1 |
Function |
Director |
|
Appointment Date |
20/09/1993 |
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|
|
Address |
5 Henville Road, Bromley, Kent, BR1 3HX |
||
|
Name |
Date of Birth |
08/09/1964 |
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|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
21 |
Function |
Director |
|
Appointment Date |
15/12/2000 |
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|
|
Address |
Beech Hurst Tyrrells Wood, Leatherhead, Surrey, KT22 8QJ |
||
|
Name |
Date of Birth |
13/03/1964 |
|
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
12 |
Function |
Director |
|
Appointment Date |
12/08/2013 |
|
|
|
Address |
20-22 Bedford Row, London, WC1R 4JS |
||
Current Company
Secretary
|
Name |
Date of Birth |
12/01/1951 |
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|
Officers Title |
|
Nationality |
British |
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Present Appointments |
19 |
Function |
Company Secretary |
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Appointment Date |
07/07/1992 |
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|
|
Address |
4 Chantry Close, Harrow, Middlesex, HA3 9QZ |
||
Previous
Director/Company Secretaries
|
Name |
Current Directorships |
Previous Directorships |
|
23 |
97 |
|
|
7 |
15 |
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 - |
||
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Total Number of Writs - |
- |
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|
Exact CCJ Details
|
No CCJs found |
Possible CCJs
Details
|
There are no possible CCJ details |
Writ Details
|
No writs found |
Mortgage Details
|
Mortgage Type: |
RENT DEPOSIT DEED |
||
|
Date Charge Created: |
31/07/08 |
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Date Charge Registered: |
06/08/08 |
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Date Charge Satisfied: |
- |
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Status: |
OUTSTANDING |
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Person(s) Entitled: |
191 WESTBOURNE GROVE LIMITED |
||
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Amount Secured: |
£16,250.00 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE |
||
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Details: |
£16,250.00 |
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Mortgage Type: |
TRADEMARK MORTGAGE |
||
|
Date Charge Created: |
01/12/89 |
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Date Charge Registered: |
11/12/89 |
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Date Charge Satisfied: |
30/01/98 |
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|
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Status: |
SATISFIED |
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|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
ALL TRADE MARKS LISTED UNDER THE COMPANY\S NAME TOGETHER WITH ALL
GOODWILL OF THE BUSINESS AND ALL RELATED RIGHTS THERETO AND THEREFROM SEE THE
MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
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Mortgage Type: |
GUARANTEE AND DEBENTURE |
||
|
Date Charge Created: |
01/12/89 |
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Date Charge Registered: |
30/01/98 |
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Date Charge Satisfied: |
30/01/98 |
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Status: |
SATISFIED |
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Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES NAMED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
17/12/96 |
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|
Date Charge Registered: |
30/12/96 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
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Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THETERMS OF A GUARANTEE AND DEBENTURE DATED 1ST DAY
OF DECEMBER 1989 AND DEED OF ACCESSION AND SUPPLEMENTAL CHARGE DATED 1ST MAY
1996 |
||
|
Details: |
PROPERTY K/A L/H PREMISES ON THE BASEMENT GROUND FIRST FLOORS OF PREMISES
K/A NUMBERS 99/103 LONG ACRE ODHAMS WALK COVENT GARDEN LONDON BOROUGH OF CITY
OF WESTMINSTER |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
22/11/96 |
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Date Charge Registered: |
28/11/96 |
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Date Charge Satisfied: |
30/01/98 |
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Status: |
SATISFIED |
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Person(s) Entitled: |
BARCLAYS BANK PLC AS AGENT AND TRUSTEE FOR THE LENDERS |
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Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST
DECEMBER 1989 ANDA DEED OF ACCESSION AND SUPPLEMENTAL CHARGE DATED 1ST MAY
1996 |
||
|
Details: |
L/H PROPERTY COMPRISED AT LAND AND PREMISES SITUATE AT BASEMENT GROUND
FIRST & SECOND FLOORS 57 BROMPTON ROAD LONDON BOROUGH OF KENSINGTON AND
CHELSEA |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
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Date Charge Created: |
13/06/96 |
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Date Charge Registered: |
24/06/96 |
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Date Charge Satisfied: |
30/01/98 |
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Status: |
SATISFIED |
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Person(s) Entitled: |
BARCLAYS BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST
DECEMBER 1989 ANDDEED OF ACCESSION AND SUPPLEMENTAL CHARGEDATED 1ST MAY 1996 |
||
|
Details: |
L/H PROPERTY COMPRISED AT 170 KENSINGTON HIGH STREET, L/B OF
KENSINGTON & CHELSEA. SEE THE MORTGAGECHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
13/06/96 |
|
|
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Date Charge Registered: |
24/06/96 |
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Date Charge Satisfied: |
30/01/98 |
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|
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Status: |
SATISFIED |
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|
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Person(s) Entitled: |
BARCLAYS BANK PLC |
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|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO BARCLAYS BANK PLC
AS AGENT AND TRUSTEE FOR THE LENDERS ON ANY ACCOUNT WHATSOEVER BUT PURSUANT
TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 AND DEED OF ACCESSION
AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 ("THE SECURITY") |
||
|
Details: |
ALL THAT L/H PROPERTY COMPRISED AT 11 FLORAL STREET COVENT GARDEN
WESTMINSTER LONDON BOROUGH OF CITYOF WESTMINSTER |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
13/06/96 |
|
|
|
Date Charge Registered: |
24/06/96 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO BARCLAYS BANK PLC
AS AGENT AND TRUSTEE FOR THE LENDERS ON ANY ACCOUNT WHATSOEVER BUT PURSUANT
TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 AND DEED OF ACCESSION
AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 ("THE SECURITY") |
||
|
Details: |
ALL THAT L/H PROPERTY COMPRISED IN THE LOCK UP SHOP SITUATED ON THE
GROUND FLOOR AND BASEMENT OF 10MARKET STREET THE ROYAL EXCHANGE MANCHESTER
GREATER MANCHESTER |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
13/06/96 |
|
|
|
Date Charge Registered: |
24/06/96 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO BARCLAYS BANK PLC
AS AGENT AND TRUSTEE FOR THE LENDERS ON ANY ACCOUNT WHATSOEVER BUT PURSUANT
TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 AND DEED OF ACCESSION
AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 ("THE SECURITY") |
||
|
Details: |
ALL THAT L/H PROPERTY COMPRISED AT THE RETAIL SHOP UNIT ON BASEMENT
GROUND AND FIRST FLOOR LEVELS K/A UNIT 3 BURTONS ARCADE LEEDS WEST YORKSHIRE |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
13/06/96 |
|
|
|
Date Charge Registered: |
24/06/96 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO BARCLAYS BANK PLC
AS AGENT AND TRUSTEE FOR THE LENDERS ON ANY ACCOUNT WHATSOEVER BUT PURSUANT
TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 AND DEED OF ACCESSION
AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 ("THE SECURITY") |
||
|
Details: |
ALL THAT L/H PROPERTY COMPRISED IN THE PART BASEMENT GROUND FLOOR AND
MEZZANINEOF 248/251 (ODD) REGENT STREET LONDON BOROUGH OF CITY OF WESTMINSTER |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
13/06/96 |
|
|
|
Date Charge Registered: |
24/06/96 |
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|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO BARCLAYS BANK PLC
AS AGENT AND TRUSTEE FOR THE LENDERS ON ANY ACCOUNT WHATSOEVER BUT PURSUANT
TO A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 AND DEED OF ACCESSION
AND SUPPLEMENTAL CHARGE DATED 1ST MAY 1996 ("THE SECURITY") |
||
|
Details: |
ALL THAT L/H PROPERTY K/A OR BEING 193 SLOANE STREET T/N NGL320932 IN
THE LONDON BOROUGH OF KENSINGTON AND CHELSEA |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
13/06/96 |
|
|
|
Date Charge Registered: |
24/06/96 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS (AS DEFINED) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST
DECEMBER 1989 ANDDEED OF ACCESSION AND SUPPLEMENTAL CHARGEDATED 1ST MAY 1996 |
||
|
Details: |
L/H PROPERTY K/A OR BEING 10 ARGYLL STREET L/B OF WESTMINSTER
T/NO:NGL732202 |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
13/06/96 |
|
|
|
Date Charge Registered: |
24/06/96 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC, AS AGENT AND TRUSTEE FOR THE LENDERS (AS DEFINED) |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER BUT PURSUANT TO A GUARANTEE AND DEBENTURE DATED 1ST
DECEMBER 1989 ANDDEED OF ACCESSION AND SUPPLEMENTAL CHARGEDATED THE 1ST MAY
1996 ("THE SECURITY") |
||
|
Details: |
L/H PROPERTY 99/103 LONG ACRE, ODHAMS WALK, COVENT GARDEN L/B OF CITY OF
WESTMINSTER |
||
|
Mortgage Type: |
DEED OF ACCESSION AND SUPPLEMENTAL CHARGE |
||
|
Date Charge Created: |
01/05/96 |
|
|
|
Date Charge Registered: |
16/05/96 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM FRENCH CONNECTION (HONG KONG)
LIMITED TO THE CHARGEE AND TO THELENDERS AND EACH OF THEM ON ANY ACCOUNT
WHATSOEVER |
||
|
Details: |
FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND
ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL
BUILDINGS FIXTURESFIXED PLANT AND MACHINERY SEE THE MORTGAGE CHARGE DOCUMENT
FOR FULL DETAILS |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
29/02/96 |
|
|
|
Date Charge Registered: |
07/03/96 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
PART BASEMENT PART GROUND FLOOR AND MEZZANINE OF 249/257 (ODD) REGENT
STREET L.B. OF CITY OF WESTMINSTER |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
17/09/95 |
|
|
|
Date Charge Registered: |
03/10/95 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
193 SLOANE STREET LONDON SW1 |
||
|
Mortgage Type: |
LEGAL CHARGE |
||
|
Date Charge Created: |
17/09/95 |
|
|
|
Date Charge Registered: |
03/10/95 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
170 KENSINGTON HIGH STREET LONDON W8 |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
12/07/94 |
|
|
|
Date Charge Registered: |
15/07/94 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
A GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 |
||
|
Details: |
L/H PREMISES SITUATE ON THE GROUND FLOOR AND LOWER GROUND FLOORS OF
140-144 KINGS ROAD CHELSEA |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
24/06/94 |
|
|
|
Date Charge Registered: |
29/06/94 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE SUPPLEMENTAL
TO THE GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 |
||
|
Details: |
L/H PROPERTY COMPRISED IN THE GROUND AND LOWER GROUND FLOORS OF NOS.
158 AND 159 NEW BOND STREET, LONDON N1 AS DEMISED BY A LEASE DATED 21/3/94 |
||
|
Mortgage Type: |
SUPPLEMENTAL LEGAL CHARGE |
||
|
Date Charge Created: |
27/05/94 |
|
|
|
Date Charge Registered: |
17/06/94 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
SUPPLEMENTAL TO THE GUARANTEE AND DEBENTURE DATED 1ST DECEMBER 1989 |
||
|
Details: |
L/H PROPERTY K/A 249 REGENT STREET, LONDON T/NO. 292519 AND L/H
PROPERTY K/A PART 251 REGENT STREET,LONDON T/NO. LN63558 |
||
|
Mortgage Type: |
DEED OF ASSIGNMENT OF GUARANTEE |
||
|
Date Charge Created: |
07/06/94 |
|
|
|
Date Charge Registered: |
10/06/94 |
|
|
|
Date Charge Satisfied: |
30/01/98 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER UNDER THETERMS OF THIS ASSIGNMENT OF GUARANTEE |
||
|
Details: |
ALL SUMS OF MONEY AT ANY TIME PAYABLE OR REPAYABLE TO THE COMPANY
UNDER THE GUARANTEE, TOGETHER WITHTHE FULL BENEFIT OF ALL LEGAL RIGHTS AND
REMEDIES RELATINGTHEREO SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS |
||
|
Mortgage Type: |
GENERAL LETTER OF PLEDGE AND HYPOTHECATION |
||
|
Date Charge Created: |
30/06/87 |
|
|
|
Date Charge Registered: |
20/07/87 |
|
|
|
Date Charge Satisfied: |
03/02/88 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BANK INTERNATIONAL A LUXENBOUG |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY
ACCOUNT WHATSOEVER |
||
|
Details: |
ALL GOODS, BILLS OF LODING WARANES, DELIVERY ORDERS, DOCUMANTS OF
TITLE TO GOODS, & ALL PROPERTY OFOTHER RIGHTS EMBODIED THEREIN. |
||
|
Mortgage Type: |
FURTHER GUARANTEE & DEBENTURE |
||
|
Date Charge Created: |
04/03/80 |
|
|
|
Date Charge Registered: |
12/03/80 |
|
|
|
Date Charge Satisfied: |
12/03/80 |
|
|
|
Status: |
SATISFIED |
|
|
|
Person(s) Entitled: |
BARCLAYS BANK PLC |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF
THE OTHERCOMPANIES INCURRED THEREIN TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER. |
||
|
Details: |
ALL THAT UNDERTAKING ETC CHARGED BY THEPRINCIPAL AND FURTHER DEEDS |
||
SHARE
& SHARE CAPITAL INFORMATION
Top 20
Shareholders
|
Name |
Currency |
Share Count |
Share Type |
Nominal Value |
% of Total Share Count |
|
FRENCH CONNECTION GROUP PLC |
GBP |
25,000,099 |
ORDINARY |
1 |
100 |
|
STEPHEN ANTHONY SOLOMON MARKS |
GBP |
1 |
ORDINARY |
1 |
0 |
PAYMENT
INFORMATION
|
Average Invoice Value |
£4927.78 |
|
Invoices available |
38 |
|
Paid |
27 |
|
Outstanding |
11 |
|
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 |
3 |
13 |
6 |
1 |
4 |
|
Outstanding |
0 |
3 |
1 |
3 |
4 |
GROUP
STRUCTURE & AFFILIATED COMPANIES
Summary
|
Holding Company |
FRENCH CONNECTION GROUP PLC |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
FRENCH CONNECTION GROUP PLC |
Group structure
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
01410568 |
31.01.2013 |
Y |
£197,300,000 |
|
|
01242025 |
31.01.2013 |
N |
|
|
|
01364202 |
31.01.2013 |
N |
|
|
|
03028187 |
31.01.2013 |
N |
|
|
|
03372070 |
31.01.2013 |
N |
|
|
|
05267768 |
31.01.2013 |
N |
|
|
|
01825819 |
31.01.2013 |
N |
|
|
|
00996609 |
31.01.2013 |
N |
£10,787,000 |
|
|
01222335 |
31.01.2013 |
N |
£106,787,000 |
|
|
01069342 |
31.01.2013 |
N |
£8,446,000 |
|
|
03399254 |
31.01.2013 |
N |
£14,701,000 |
|
|
03118702 |
31.01.2013 |
N |
£2,723,000 |
Statistics
|
Group |
|
|
Linkages |
1 companies |
|
Countries |
In 1 countries |
Other Linked
companies
|
Number |
Latest Key Financials |
||
|
HRB 62586 |
31.01.2013 |
|
FINANCIAL
INFORMATION
Profit & Loss
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Turnover |
£106,787,000 |
-14.2% |
£124,451,000 |
-1.1% |
£125,837,000 |
16.8% |
£107,717,000 |
4.6% |
£102,992,000 |
|
Export |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Cost of Sales |
£48,622,000 |
-16.3% |
£58,114,000 |
11.4% |
£52,167,000 |
37% |
£38,082,000 |
-19.8% |
£47,495,000 |
|
Gross Profit |
£58,165,000 |
-12.3% |
£66,337,000 |
-10% |
£73,670,000 |
5.8% |
£69,635,000 |
25.5% |
£55,497,000 |
|
Wages & Salaries |
£18,762,000 |
-5.9% |
£19,944,000 |
-3.3% |
£20,629,000 |
-2.1% |
£21,069,000 |
-0.3% |
£21,139,000 |
|
Directors Emoluments |
£972,000 |
-15.3% |
£1,147,000 |
46.5% |
£783,000 |
34.5% |
£582,000 |
33.5% |
£436,000 |
|
Operating Profit |
-£12,444,000 |
-999.9% |
-£755,000 |
88% |
-£6,269,000 |
27.6% |
-£8,661,000 |
36.9% |
-£13,718,000 |
|
Depreciation |
£1,755,000 |
9.3% |
£1,605,000 |
-16.3% |
£1,918,000 |
-25.3% |
£2,566,000 |
-24.7% |
£3,407,000 |
|
Audit Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest Payments |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Pre Tax Profit |
-£12,293,000 |
-999.9% |
-£818,000 |
85% |
-£5,470,000 |
33.9% |
-£8,274,000 |
34.1% |
-£12,562,000 |
|
Taxation |
£47,000 |
-91.4% |
£547,000 |
-6.7% |
£586,000 |
691.9% |
£74,000 |
-94.8% |
£1,416,000 |
|
Profit After Tax |
-£12,246,000 |
-999.9% |
-£271,000 |
94.5% |
-£4,884,000 |
40.4% |
-£8,200,000 |
26.4% |
-£11,146,000 |
|
Dividends Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained Profit |
-£12,246,000 |
-999.9% |
-£271,000 |
94.5% |
-£4,884,000 |
40.4% |
-£8,200,000 |
26.4% |
-£11,146,000 |
Balance Sheet
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Tangible Assets |
£3,604,000 |
-18.7% |
£4,432,000 |
-20.2% |
£5,551,000 |
42.7% |
£3,890,000 |
-27.5% |
£5,362,000 |
|
Intangible Assets |
0 |
-100% |
£1,379,000 |
-8.3% |
£1,504,000 |
-7.7% |
£1,629,000 |
-4.1% |
£1,699,000 |
|
Total Fixed Assets |
£3,604,000 |
-38% |
£5,811,000 |
-17.6% |
£7,055,000 |
27.8% |
£5,519,000 |
-21.8% |
£7,061,000 |
|
Stock |
£24,340,000 |
-20.5% |
£30,606,000 |
10.9% |
£27,607,000 |
55.7% |
£17,729,000 |
18.4% |
£14,978,000 |
|
Trade Debtors |
£6,078,000 |
-11.4% |
£6,862,000 |
22.1% |
£5,618,000 |
256.9% |
£1,574,000 |
2.3% |
£1,538,000 |
|
Cash |
£21,339,000 |
-14.9% |
£25,064,000 |
-9% |
£27,545,000 |
999.9% |
£2,035,000 |
-14.2% |
£2,373,000 |
|
Other Debtors |
£26,247,000 |
-10.1% |
£29,212,000 |
-22.7% |
£37,810,000 |
174.3% |
£13,784,000 |
-14.3% |
£16,080,000 |
|
Miscellaneous Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Current Assets |
£78,004,000 |
-15% |
£91,744,000 |
-6.9% |
£98,580,000 |
180.7% |
£35,122,000 |
0.4% |
£34,969,000 |
|
Trade Creditors |
£12,064,000 |
-10.9% |
£13,540,000 |
19.9% |
£11,290,000 |
203.5% |
£3,720,000 |
16.7% |
£3,188,000 |
|
Bank Loans & Overdrafts |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Short Term Finance |
£82,635,000 |
-3.1% |
£85,246,000 |
-11.3% |
£96,121,000 |
166.5% |
£36,068,000 |
25.2% |
£28,815,000 |
|
Miscellaneous Current Liabilities |
£11,007,000 |
-10.6% |
£12,307,000 |
7.1% |
£11,491,000 |
24.4% |
£9,236,000 |
-9.5% |
£10,210,000 |
|
Total Current Liabilities |
£105,706,000 |
-4.8% |
£111,093,000 |
-6.6% |
£118,902,000 |
142.5% |
£49,024,000 |
16.1% |
£42,213,000 |
|
Bank Loans & Overdrafts and LTL |
£1,686,000 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other Long Term Finance |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total Long Term Liabilities |
£1,686,000 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
Capital &
Reserves
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Called Up Share Capital |
£25,000,000 |
- |
£25,000,000 |
- |
£25,000,000 |
- |
£25,000,000 |
- |
£25,000,000 |
|
P & L Account Reserve |
-£50,784,000 |
-31.8% |
-£38,538,000 |
-0.7% |
-£38,267,000 |
-14.6% |
-£33,383,000 |
-32.6% |
-£25,183,000 |
|
Revaluation Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry Reserves |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Shareholder Funds |
-£25,784,000 |
-90.5% |
-£13,538,000 |
-2% |
-£13,267,000 |
-58.3% |
-£8,383,000 |
-999.9% |
-£183,000 |
Other Financial
Items
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Net Worth |
-£25,784,000 |
-72.8% |
-£14,917,000 |
-1% |
-£14,771,000 |
-47.5% |
-£10,012,000 |
-432% |
-£1,882,000 |
|
Working Capital |
-£27,702,000 |
-43.2% |
-£19,349,000 |
4.8% |
-£20,322,000 |
-46.2% |
-£13,902,000 |
-91.9% |
-£7,244,000 |
|
Total Assets |
£81,608,000 |
-16.3% |
£97,555,000 |
-7.6% |
£105,635,000 |
159.9% |
£40,641,000 |
-3.3% |
£42,030,000 |
|
Total Liabilities |
£107,392,000 |
-3.3% |
£111,093,000 |
-6.6% |
£118,902,000 |
142.5% |
£49,024,000 |
16.1% |
£42,213,000 |
|
Net Assets |
-£25,784,000 |
-90.5% |
-£13,538,000 |
-2% |
-£13,267,000 |
-58.3% |
-£8,383,000 |
-999.9% |
-£183,000 |
Miscellaneous
|
Date Of Accounts |
31/01/13 |
(%) |
31/01/12 |
(%) |
31/01/11 |
(%) |
31/01/10 |
(%) |
31/01/09 |
|
Contingent Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital Employed |
-£24,098,000 |
-78% |
-£13,538,000 |
-2% |
-£13,267,000 |
-58.3% |
-£8,383,000 |
-999.9% |
-£183,000 |
|
Number of Employees |
1420 |
-8.3% |
1548 |
-2.9% |
1595 |
-1.8% |
1624 |
-10.4% |
1812 |
|
Auditors |
KPMG AUDIT PLC |
||||||||
|
Auditor Comments |
The audit report contains no adverse comments |
||||||||
|
Bankers |
BARCLAYS BANK PLC |
||||||||
|
Bank Branch Code |
|
||||||||
Ratios
|
Date Of Accounts |
31/01/13 |
31/01/12 |
31/01/11 |
31/01/10 |
31/01/09 |
|
Pre-tax profit margin % |
-11.51 |
-0.66 |
-4.35 |
-7.68 |
-12.20 |
|
Current ratio |
0.74 |
0.83 |
0.83 |
0.72 |
0.83 |
|
Sales/Net Working Capital |
-3.85 |
-6.43 |
-6.19 |
-7.75 |
-14.22 |
|
Gearing % |
-6.50 |
0 |
0 |
0 |
0 |
|
Equity in % |
-31.60 |
-14.10 |
-12.70 |
-21.50 |
-0.50 |
|
Creditor Days |
41.12 |
39.60 |
32.65 |
12.57 |
11.26 |
|
Debtor Days |
20.71 |
20.07 |
16.25 |
5.31 |
5.43 |
|
Liquidity/Acid Test |
0.50 |
0.55 |
0.59 |
0.35 |
0.47 |
|
Return On Capital Employed % |
51.01 |
6.04 |
41.23 |
98.69 |
6864.48 |
|
Return On Total Assets Employed % |
-15.06 |
-0.83 |
-5.17 |
-20.35 |
-29.88 |
|
Current Debt Ratio |
-4.09 |
-8.20 |
-8.96 |
-5.84 |
-230.67 |
|
Total Debt Ratio |
-4.16 |
-8.20 |
-8.96 |
-5.84 |
-230.67 |
|
Stock Turnover Ratio % |
22.79 |
24.59 |
21.93 |
16.45 |
14.54 |
|
Return on Net Assets Employed % |
47.67 |
6.04 |
41.23 |
98.69 |
6864.48 |
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 |
FOREIGN
EXCHANGE RATES
N/a
ADDITIONAL
INFORMATION
Status History
|
No Status History found. |
Event History
|
Date |
Description |
|
11/10/2013 |
New Board Member Mr A. Castleton appointed |
|
03/08/2013 |
New Accounts Filed |
|
03/08/2013 |
New Accounts Filed |
|
22/07/2013 |
Annual Returns |
|
03/06/2013 |
Mr R.C. Naismith has left the board |
|
20/09/2012 |
New Accounts Filed |
|
14/07/2012 |
Annual Returns |
|
18/10/2011 |
New Accounts Filed |
|
20/07/2011 |
Annual Returns |
|
09/02/2011 |
Change of Name |
|
27/07/2010 |
New Accounts Filed |
|
12/07/2010 |
Annual Returns |
|
02/08/2009 |
Annual Returns |
|
22/07/2009 |
New Accounts Filed |
|
25/09/2008 |
New Accounts Filed |
Previous Company
Names
|
Date |
Previous Name |
|
07/02/2011 |
FRENCH CONNECTION RETAIL LIMITED |
|
04/05/1993 |
LILAJOY LIMITED |
NOTES
& COMMENTS
Commentary
No exact match
CCJs are recorded against the company.
Sales in the
latest trading period decreased 14.2% on the previous trading period.
Net Worth
decreased by 72.8% during the latest trading period.
A 16.3% decline in
Total Assets occurred during the latest trading period.
Pre-tax profits
decreased by 999.9% compared to the previous trading period.
The company saw a
decrease in their Cash Balance of 14.9% 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 38 years ago.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
|
1 |
Rs.99.68 |
|
Euro |
1 |
Rs.80.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.