MIRA INFORM REPORT

 

 

Report Date :

22.11.2014

 

IDENTIFICATION DETAILS

 

Name :

CATWALK COLLECTION HANDBAGS LTD

 

 

Formerly Known As :

THEN REAL HANDBAG SHOP (LONDON) LTD

 

 

Registered Office :

1 Brassey Road Shrewsbury Shropshire SY3 7 FA 

 

 

Country :

United Kingdom

 

 

Financials (as on) :

30.06.2014

 

 

Date of Incorporation :

03.06.2005

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Manufacturer of luggage, handbags and the like, saddler and harness. 

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

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 – June 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 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

Company name and address

 

Company Name:                       CATWALK COLLECTION HANDBAGS LTD

Company No:                            05471407

Safe No:                                   UK05116004

Company Status:                      Active - Accounts Filed

Registered Address:                  1 BRASSEY ROAD SHREWSBURY SHROPSHIRE SY3 7FA

Your Name:                               Ashleigh Williams

Your User ID:                            101031649

Date / Time:                              14:56 Monday, 10 November 2014

 

 

Company Summery

 

 

DIRECTORS/MANAGEMENT

 

Total Current Directors

2

Total Current Secretaries

1

Total Previous Directors / Company Secretaries

2

 

CURRENT DIRECTORS

 

Name

Jane Abbatt

Date of Birth

23/02/1964

Officers Title

Ms

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

06/06/2005

 

 

Address

Ivy Brook Sound Lane, Ravensmoor, Nantwich, Cheshire, CW5 8PS

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Michael Geoffrey Abbatt

Date of Birth

23/03/1961

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Director

Appointment Date

06/06/2005

 

 

Address

Ivy Brook Sound Lane, Ravensmoor, Nantwich, Cheshire, CW5 8PS

Other Actions

View Director Report

View Consumer Report

View AML Report

 

View Trace Report

 

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

CURRENT COMPANY SECRETARY

 

Name

Michael Geoffrey Abbatt

Date of Birth

23/03/1961

Officers Title

Mr

Nationality

British

Present Appointments

3

Function

Company Secretary

Appointment Date

06/06/2005

 

 

Address

Ivy Brook Sound Lane, Ravensmoor, Nantwich, Cheshire, CW5 8PS

 

PREVIOUS DIRECTOR/COMPANY SECRETARIES

 

Name

Current Directorships

Previous Directorships

DUPORT DIRECTOR LIMITED

239

34178

DUPORT SECRETARY LIMITED

446

34611

 

 

NEGATIVE INFORMATION

 

MORTGAGE SUMMARY

·    Total Mortgage              0

·    Outstanding                  0

·    Satisfied                       0

CCJ

 

Total Number of Exact CCJs -

0

Total Value of Exact CCJs -

 

Total Number of Possible CCJs -

0

Total Value of Possible CCJs -

 

Total Number of Satisfied CCJs -

0

Total Value of Satisfied CCJs -

 

Total Number of Writs -

-

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

MICHAEL ABBATT

GBP

1

ORDINARY A

1

MICHAEL ABBATT

GBP

1

ORDINARY B

1

JANE ABBATT

GBP

1

ORDINARY A

1

PLECTRON TRUST COMPANY LTD

GBP

1

ORDINARY S

100

JANE ABBATT

GBP

1

ORDINARY B

1

CHRISTIE ABBATT

GBP

1

ORDINARY B

1

 

Unable to report percentage holdings as filed Shareholder listing is not full.

 

Trade Payment Information

 

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

 

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

Average Invoice Value

n/a

Invoices available

n/a

Paid

n/a

Outstanding

n/a

Trade Payment Data is information that we collect from selected third party partners who send us information about their whole sales ledger.

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

-

Linkages

0 companies

Countries

In 0 countries

 

FINANCIAL INFORMATION

 

Profit & Loss

 

 

Date Of Accounts

30/06/14

(%)

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

 

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

 

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

 

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

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Turnover

-

-

-

-

-

-

-

-

-

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Export

-

-

-

-

-

-

-

-

-

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Cost of Sales

-

-

-

-

-

-

-

-

-

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Gross Profit

-

-

-

-

-

-

-

-

-

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Wages & Salaries

-

-

-

-

-

-

-

-

-

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Directors Emoluments

-

-

-

-

-

-

-

-

-

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Operating Profit

-

-

-

-

-

-

-

-

-

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Depreciation

£1,983

-19.1%

£2,452

-19.2%

£3,035

172.4%

£1,114

7.7%

£1,034

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Audit Fees

-

-

-

-

-

-

-

-

-

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Interest Payments

-

-

-

-

-

-

-

-

-

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Pre Tax Profit

-

-

-

-

-

-

-

-

-

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Taxation

-

-

-

-

-

-

-

-

-

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Profit After Tax

-

-

-

-

-

-

-

-

-

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Dividends Payable

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Retained Profit

-

-

-

-

-

-

-

-

-

 

Balance Sheet

 

 

Date Of Accounts

30/06/14

(%)

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

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Tangible Assets

£6,155

-18.6%

£7,561

-18.7%

£9,300

178.4%

£3,340

7.8%

£3,099

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Intangible Assets

0

-

0

-

0

-

0

-

0

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Total Fixed Assets

£6,155

-18.6%

£7,561

-18.7%

£9,300

178.4%

£3,340

7.8%

£3,099

http://static.creditsafe.com/IMAGES/barchart-grey.png

Stock

£849,417

63.6%

£519,195

26.6%

£410,162

18.8%

£345,250

56.1%

£221,171

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Trade Debtors

£89,768

40.8%

£63,743

999.9%

£5,600

-97.3%

£211,037

457.1%

£37,884

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Cash

£140,681

-41.5%

£240,344

19.1%

£201,868

205.3%

£66,128

98.6%

£33,295

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Other Debtors

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Assets

£1,079,866

31.2%

£823,282

33.3%

£617,630

-0.8%

£622,415

112.9%

£292,350

http://static.creditsafe.com/IMAGES/barchart-grey.png

Trade Creditors

£410,845

-8.6%

£449,410

-10.5%

£502,038

-6.5%

£536,706

87.2%

£286,736

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Short Term Finance

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Current Liabilities

£410,845

-8.6%

£449,410

-10.5%

£502,038

-6.5%

£536,706

87.2%

£286,736

http://static.creditsafe.com/IMAGES/barchart-grey.png

Bank Loans & Overdrafts and LTL

£1,191

-9.1%

£1,310

-19.2%

£1,622

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Other Long Term Finance

0

-

0

-

0

-

0

-

0

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Long Term Liabilities

£1,191

-9.1%

£1,310

-19.2%

£1,622

-

0

-

0

 

Capital & Reserves

 

 

Date Of Accounts

30/06/14

(%)

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

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Called Up Share Capital

£105

2.9%

£102

999.9%

£2

-

£2

-

£2

http://static.creditsafe.com/IMAGES/barchart-grey.png

P & L Account Reserve

£673,880

77.3%

£380,021

208.3%

£123,268

38.4%

£89,047

922.2%

£8,711

http://static.creditsafe.com/IMAGES/barchart-grey.png

Revaluation Reserve

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Sundry Reserves

-

-

-

-

-

-

-

-

-

http://static.creditsafe.com/IMAGES/barchart-grey.png

Shareholder Funds

£673,985

77.3%

£380,123

208.4%

£123,270

38.4%

£89,049

922%

£8,713

 

Other Financial Items

 

Date Of Accounts

30/06/14

(%)

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

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Net Worth

£673,985

77.3%

£380,123

208.4%

£123,270

38.4%

£89,049

922%

£8,713

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Working Capital

£669,021

78.9%

£373,872

223.4%

£115,592

34.9%

£85,709

999.9%

£5,614

http://static.creditsafe.com/IMAGES/barchart-grey.png

Total Assets

£1,086,021

30.7%

£830,843

32.5%

£626,930

0.2%

£625,755

111.8%

£295,449

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Total Liabilities

£412,036

-8.6%

£450,720

-10.5%

£503,660

-6.2%

£536,706

87.2%

£286,736

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Net Assets

£673,985

77.3%

£380,123

208.4%

£123,270

38.4%

£89,049

922%

£8,713

 

Cash Flow

 

Date Of Accounts

30/06/14

(%)

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

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Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

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Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

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Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

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Increase in Cash

-

-

-

-

-

-

-

-

-

 

Miscellaneous

 

Date Of Accounts

30/06/14

(%)

30/06/13

(%)

30/06/12

(%)

30/06/11

(%)

30/06/10

 

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

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Capital Employed

£675,176

77%

£381,433

205.4%

£124,892

40.3%

£89,049

922%

£8,713

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Number of Employees

-

-

-

-

-

-

-

-

-

 

Auditors

 

 

Auditor Comments

The company is exempt from audit

 

Bankers

BANK OF SCOTLAND

 

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

30/06/14

30/06/13

30/06/12

30/06/11

30/06/10

Pre-tax profit margin %

-

-

-

-

-

Current ratio

2.63

1.83

1.23

1.16

1.02

Sales/Net Working Capital

-

-

-

-

-

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Gearing %

0.20

0.30

1.30

0

0

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Equity in %

62.10

45.80

19.70

14.20

2.90

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Creditor Days

-

-

-

-

-

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Debtor Days

-

-

-

-

-

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Liquidity/Acid Test

0.56

0.67

0.41

0.51

0.24

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Return On Capital Employed %

-

-

-

-

-

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Return On Total Assets Employed %

-

-

-

-

-

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Current Debt Ratio

0.60

1.18

4.07

6.02

32.90

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Total Debt Ratio

0.61

1.18

4.08

6.02

32.90

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Stock Turnover Ratio %

-

-

-

-

-

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Return on Net Assets Employed %

-

-

-

-

-

 

 

FOREIGN EXCHANGE RATES

 

Na

 

Status History

 

No Status History found

 

Event History

 

Date

Description

 

24/10/2014

New Accounts Filed

View Document

14/06/2014

Annual Returns

View Document

16/10/2013

New Accounts Filed

View Document

18/09/2013

Annual Returns

View Document

10/06/2013

Annual Returns

View Document

02/10/2012

New Accounts Filed

View Document

07/09/2012

Change in Reg.Office

View Document

07/09/2012

Change of Company Postcode

View Document

12/06/2012

Annual Returns

View Document

12/10/2011

New Accounts Filed

View Document

12/10/2011

New Accounts Filed

View Document

07/06/2011

Annual Returns

View Document

28/09/2010

New Accounts Filed

View Document

14/06/2010

Annual Returns

View Document

21/09/2009

New Accounts Filed

View Document

 

Previous Company Names

 

Date

Previous Name

10/10/2005

THE REAL HANDBAG SHOP (LONDON) LTD

12/08/2005

SHIRE DESIGN & PRINT LTD

 

 

NOTES & COMMENTS

 

Commentary

 

No exact match CCJs are recorded against the company.

 

Net Worth increased by 77.3% during the latest trading period.

 

A 30.7% growth in Total Assets occurred during the latest trading period.

 

The movement in accumulated earnings would indicate that the company made a profit after tax and other appropriations, including dividends.

 

 

There has been no significant change in the company's credit rating.

 

There is insufficient data to indicate a change in this company's percentage of sales.

 

There is insufficient data to indicate a change in this company's pre-tax profit.

 

The company saw a decrease in their Cash Balance of 41.5% during the latest trading period.

 

The company is exempt from audit.

 

No recent changes in directorship are recorded.

 

The company is not part of a group.

 

The company was established over 9 years ago.

 

Show more


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.85

UK Pound

1

Rs.97.01

Euro

1

Rs.77.62

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

VNT

 

               

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.