MIRA INFORM REPORT

 

 

 

 

Report Date :

22.09.2014

 

IDENTIFICATION DETAILS

 

Name :

CROWN HIDES LTD.

 

 

Registered Office :

Adla House, 2a Hayes Crescent Golders Green London, NW11 0DE

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.07.2012

 

 

Date of Incorporation :

31.07.2009

 

 

Com. Reg. No.:

06977562

 

 

Legal Form :

Private Subsidiary

 

 

Line of Business :

Dealing in raw and processed hides and skins.

 

 

No. of Employees :

13

 

 

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, 31st, 2013

 

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

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 £375 billion (approximately $605 billion) as of December 2012. During times of economic crisis, the BoE coordinates interest rate moves with the European Central Bank, but Britain remains outside the European Economic and Monetary Union (EMU). In 2012, weak consumer spending and subdued business investment weighed on the economy. GDP fell 0.1%, and the budget deficit remained stubbornly high at 7.7% of GDP. Public debt continued to increase.

 

Source : CIA

 

 

Company name and address

 

CROWN HIDES LTD.                

 

Adla House, 2a Hayes Crescent Golders Green

London, NW11 0DE

United Kingdom

(Trading Address)

 

 

 

 

Employees:

13

Company Type:

Private Subsidiary

Corporate Family:

5 Companies

Ultimate Parent:

Hansard Trust Co. Ltd.

 

 

Quoted Status:

Non-quoted Company

Incorporation Date:

31-Jul-2009

Auditor:

Gerald Kreditor & Co.

Financials in:

USD (In Millions)

Fiscal Year End:

31-Jul-2012

Reporting Currency:

US Dollar

Annual Sales:

NA

Net Income:

0.3

Total Assets:

4.5

 

           

Business Description     

 

 

Dealing in raw and processed hides and skins.

 

 

Industry

 

Industry

Clothing and Apparel Manufacturing

ANZSIC 2006:

1320 - Leather Tanning, Fur Dressing and Leather Product Manufacturing

ISIC Rev 4:

1511 - Tanning and dressing of leather; dressing and dyeing of fur

NACE Rev 2:

1511 - Tanning and dressing of leather; dressing and dyeing of fur

NAICS 2012:

316110 - Leather and Hide Tanning and Finishing

UK SIC 2007:

1511 - Tanning and dressing of leather; dressing and dyeing of fur

US SIC 1987:

3111 - Leather Tanning and Finishing

 

 

Key Executives

 

Name

Title

Lynn Shireen Gluckman

Office Manager, Director

Geoffrey Raymond Gluckman

Director

Piyush Kumar Jaipuria

Director

 

 

 

Financial Summary

 

FYE: 31-Jul-2012

USD (mil)

 

Key Figures

 

Current Assets

4.44

Fixed Assets

0.01

Total Liabilities

2.77

Net Worth

1.19

 

Key Ratios

 

Current Ratio

1.60

Acid Test

0.91

Debt Gearing

19.62

 

Registered No.(UK):       06977562

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1
2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location
Adla House
2a Hayes Crescent
Golders Green
London, NW11 0DE
London County
United Kingdom

 

 

Sales USD(mil):

NA

Assets USD(mil):

4.5

Employees:

13

Fiscal Year End:

31-Jul-2012

 

Industry:

Apparel and Accessories

Registered Address:
Adla House 2A Hayes Crescent
Golders Green
London, NW11 0DE
United Kingdom

 

Incorporation Date:

31-Jul-2009

Company Type:

Private Subsidiary

Quoted Status:

Not Quoted

Registered No.(UK):

06977562

 

Office Manager, Director:

Lynn Shireen Gluckman

 

 

Industry Codes

 

ANZSIC 2006 Codes:

1320

-

Leather Tanning, Fur Dressing and Leather Product Manufacturing

 

ISIC Rev 4 Codes:

1511

-

Tanning and dressing of leather; dressing and dyeing of fur

 

NACE Rev 2 Codes:

1511

-

Tanning and dressing of leather; dressing and dyeing of fur

 

NAICS 2012 Codes:

316110

-

Leather and Hide Tanning and Finishing

 

US SIC 1987:

3111

-

Leather Tanning and Finishing

 

UK SIC 2007:

1511

-

Tanning and dressing of leather; dressing and dyeing of fur

 

 

Business Description

 

Dealing in raw and processed hides and skins.

 

Financial Data

 

Financials in:

USD(mil)

 

Net Income:

0.3

Assets:

4.5

Current Assets:

4.4

 

Fixed Assets:

0.0

 

Long Term Debt:

0.5

 

Total Liabilities:

3.3

 

Issued Capital:

NaN

 

Working Capital:

1.7

 

Net Worth:

1.2

 

 

 

Date of Financial Data:

31-Jul-2012

 

1 Year Growth

NA

NA

 

 

Key Corporate Relationships

 

Auditor:

Gerald Kreditor & Co.

 

Auditor:

Gerald Kreditor & Co.

 

Auditor History

Gerald Kreditor & Co.

31-Jul-2012

Gerald Kreditor & Co

31-Jul-2011

Gerald Kreditor& Co

31-Jul-2010

 

 

 

USD(mil)

Audit Fees:

0.0

Audit Fiscal Year:

07-31-2012

 

 

Corporate Family      

 

Corporate Structure News:

Total Corporate Family Members: 5

 

 

Company Name

Company Type

Location

Country

Industry

Sales
(USD mil)

Employees

Hansard Trust Co. Ltd.

Parent

 

 

 

 

 

Crown Hides Ltd.

Subsidiary

London

United Kingdom

Clothing and Apparel Manufacturing

 

13

Rowanhart Ltd.

Subsidiary

London

United Kingdom

Banking

 

 

Laboratory Service Solutions Ltd

Subsidiary

Uckfield

United Kingdom

Architecture and Engineering

 

 

Catalyst Card Ltd

Subsidiary

Hook

United Kingdom

Investment Services

 

 

 

 

 

 

 

Executives Report

 

Board of Directors

 

Name

Title

Function

Lynn Shireen Gluckman

 

Office Manager, Director

Director/Board Member

Age: 56

Geoffrey Raymond Gluckman

 

Director

Director/Board Member

 

 

Age: 58

Piyush Kumar Jaipuria

 

Director

Director/Board Member

 

 

Age: 55

 

Executives

 

Name

Title

Function

Lynn Shireen Gluckman

 

Office Manager, Director

Administration Executive

Age: 56

 

 

Directors and Shareholders Report

 

Main Office Address:
Adla House
2a Hayes Crescent
London
United Kingdom NW11 0DE

 

Annual Return Date: 31 Jul 2013

 

Individual Directors

Name

Status

DOB

Filed Address

Appointment Date

Resignation Date

Summary of Directorships

 

Lynn Shireen
Gluckman

Current

01 Jul 1957

Adla House 2A Hayes Crescent,
London , London NW11 0DE

01 Nov 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Geoffrey Raymond
Gluckman

Current

21 Apr 1955

Adla House 2A Hayes Crescent,
London , London NW11 0DE

21 Nov 2011

NA

Current:1
Previous:3
Disqualifications:0

 

Piyush Kumar
Jaipuria

Current

27 Jun 1958

Adla House 2A Hayes Crescent,
London , London NW11 0DE

18 Nov 2010

NA

Current:1
Previous:0
Disqualifications:0

 

Christina Cornelia
Van Den Berg

Previous

23 May 1964

5Th Floor, 86 Jermyn Street,
London , London SW1Y 6AW

31 Jul 2009

01 Oct 2009

Current:141
Previous:119
Disqualifications:0

 

Nicolas John
Stephens

Previous

03 Sep 1951

103 Copse Hill,
West Wimbledon, London SW20 0NR

01 Oct 2009

31 Jul 2013

Current:1
Previous:3
Disqualifications:0

 

Martin Ian
Zulberg

Previous

16 Apr 1950

575 Finchley Road,
London , London NW3 7BN

03 Sep 2009

01 Oct 2009

Current:4
Previous:4
Disqualifications:0

 

Geoffrey Raymond
Gluckman

Previous

21 Apr 1955

Adla House 2A Hayes Crescent,
London , London NW11 0DE

01 Oct 2009

08 Nov 2010

Current:1
Previous:3
Disqualifications:0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate Directors

There are no corporate directors for this company.

 

 

Individual Secretaries

There are no individual secretaries for this company.

 

 

 

 

 

 

 

 

 

Corporate Secretaries

There are no corporate secretaries for this company.

 

 

Individual Shareholders

Name

Share Details
(As Reported)

Share Type

# of Shares

Share Price (GBP)

Share Value (GBP)

% of Total Shares

Hansard Trust Company Limited

100 Ordinary GBP 1.00

Ordinary

100

1.00

100.00

100.00

 

 

 

 

 

 

 

 

Corporate Shareholders

There are no corporate shareholders for this company.

 

 

Annual Profit & Loss

 

Financials in: USD (mil)

 

Except for share items (millions) and per share items (actual units)

 

 

 

31-Jul-2012

31-Jul-2011

31-Jul-2010

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

Consolidated

No

No

No

 

 

 

 

Total Turnover

-

24.0

15.9

Cost of Sales

-

22.0

14.0

Gross Profit

2.0

2.0

1.9

Depreciation

0.0

0.0

0.0

Other Expenses

1.5

1.4

1.4

Operating Profit

0.5

0.6

0.6

Other Income

0.0

0.0

0.0

Interest Paid

0.1

0.1

0.0

Exceptional Income

0.0

0.0

0.0

Discontinued Operations

0.0

0.0

0.0

Profit Before Taxes

0.4

0.6

0.5

Tax Payable / Credit

0.1

0.1

0.1

Extraordinary Items/Debits

0.0

0.0

0.0

Dividends

0.0

0.0

0.0

Profit After Taxes

0.3

0.5

0.4

Minority Interests (Profit & Loss)

0.0

0.0

0.0

Audit Fees

0.0

0.0

0.0

Number of Employees

13

12

9

Wages

0.9

0.8

0.8

Social Security Costs

0.1

0.1

0.1

Pensions

0.0

0.0

0.0

Other Pension Costs

0.0

0.0

0.0

Employees Remuneration

1.0

0.9

0.9

Directors Emoluments

0.5

0.4

0.4

Other Costs

0.0

0.0

0.0

Directors Remuneration

0.5

0.4

0.5

Highest Paid Director

0.2

0.2

0.3

 

 

Annual Balance Sheet

 

Financials in: USD (mil)

 

 

 

31-Jul-2012

31-Jul-2011

31-Jul-2010

Filed Currency

USD

USD

USD

Exchange Rate

1

1

1

Consolidated

No

No

No

 

 

 

 

Land & Buildings

0.0

0.0

0.0

Fixtures & Fittings

0.0

0.0

0.0

Plant & Vehicles

0.0

0.0

0.0

Total Tangible Fixed Assets

0.0

0.0

0.0

Intangible Assets

0.0

0.0

0.0

Investments

0.0

0.0

0.0

Total Fixed Assets

0.0

0.0

0.0

Stocks

1.9

1.8

1.3

Work in Progress

0.0

0.0

0.0

Total Stocks Work In Progress

1.9

1.8

1.3

Trade Debtors

2.2

2.5

2.4

Other Debtors

0.2

0.1

0.1

Total Debtors

2.4

2.7

2.5

Cash and Equivalents

0.1

0.0

0.2

Other Current Assets

0.0

0.0

0.0

Total Current Assets

4.4

4.5

4.0

Total Assets

4.5

4.5

4.0

Trade Creditors

1.9

2.2

2.5

Accruals/Deferred Income (Current Liability)

0.4

0.3

0.1

Social Security/VAT

0.0

0.0

0.0

Corporation Tax

0.1

0.1

0.1

Other Current Liabilities

0.3

0.3

0.1

Total Current Liabilities

2.8

2.9

2.8

Director Loans (Long Term Liability)

0.2

0.3

0.3

Other Long Term Liabilities

0.3

0.5

0.5

Total Long Term Liabilities

0.5

0.7

0.8

Deferred Taxation

0.0

0.0

0.0

Other Provisions

0.0

0.0

0.0

Total Provisions

0.0

0.0

0.0

Issued Capital

0.0

0.0

0.0

Share Premium Accounts

0.0

0.0

0.0

Revaluation Reserve

0.0

0.0

0.0

Retained Earnings

1.2

0.9

0.4

Other Reserves

0.0

0.0

0.0

Minority Interests (Balance Sheet)

0.0

0.0

0.0

Total Shareholders Funds

1.2

0.9

0.4

Net Worth

1.2

0.9

0.4

 

 

Annual Cash Flows

 

Financials in: USD (mil)

 

 

 

31-Jul-2012

31-Jul-2011

31-Jul-2010

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

USD

USD

USD

Exchange Rate (Period Average)

1

1

1

Consolidated

No

No

No

 

 

 

 

Net Cash Flow From Operating Activities

0.5

0.0

-0.5

Net Cash Flow from ROI and Servicing of Finance

-0.1

-0.1

0.0

Taxation

-0.1

-0.1

0.0

Capital Expenditures

0.0

0.0

0.0

Acquisitions and Disposals

0.0

0.0

0.0

Paid Up Equity

0.0

0.0

0.0

Management of Liquid Resources

0.0

0.0

0.0

Net Cash Flow From Financing

-0.2

-0.1

0.8

Increase in Cash

0.1

-0.2

0.2

 

 

 

Annual Ratios

 

Financials in: USD (mil)

 

 

 

31-Jul-2012

31-Jul-2011

31-Jul-2010

Period Length

52 Weeks

52 Weeks

52 Weeks

Filed Currency

USD

USD

USD

Exchange Rate

1

1

1

Consolidated

No

No

No

 

 

 

 

Current Ratio

1.60

1.55

1.42

Liquidity Ratio

0.91

0.92

0.94

Stock Turnover

-

1,326.00

1,187.00

Credit Period (Days)

-

3,844.00

5,494.00

Working Capital by Sales

-

662.00%

741.00%

Trade Credit by Debtors

85.00

87.00

104.00

Return on Capital

2,450.00%

3,703.00%

4,425.00%

Return on Assets

924.00%

1,313.00%

1,303.00%

Profit Margin

-

246.00%

329.00%

Return on Shareholders Funds

3,453.00%

6,797.00%

12,883.00%

Borrowing Ratio

1,962.00%

3,046.00%

6,483.00%

Equity Gearing

2,677.00%

1,932.00%

1,011.00%

Debt Gearing

19.62%

30.46%

64.83%

Interest Coverage

748.00

1,123.00

1,608.00

Sales by Tangible Assets

-

337,940.00

482,144.00

Average Remuneration per Employee

0.1

0.1

0.1

Profit per Employee

0.0

0.0

0.1

Sales per Employee

-

2.0

1.8

Capital Employed per Employee

0.1

0.1

0.1

Tangible Assets per Employee

0.0

0.0

0.0

Total Assets per Employee

0.3

0.4

0.4

Employee Remuneration by Sales

-

365.00%

581.00%

Creditor Days (Cost of Sales Based)

-

3,631.00

6,484.00

Creditor Days (Sales Based)

-

3,327.00

5,697.00

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.80

UK Pound

1

Rs.100.06

Euro

1

Rs.78.46

 

 

INFORMATION DETAILS

 

Report Prepared by :

NIS

 

 

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