MIRA INFORM REPORT

 

 

Report Date :

29.09.2014

 

IDENTIFICATION DETAILS

 

Name :

99P STORES LIMITED

 

 

Formerly Known As :

WHISTLESTOP DISCOUNT STORES LIMITED

 

 

Registered Office :

Style Way, Pineham Swan Valley Northampton NN4 9EX

 

 

Country :

United Kingdom

 

 

Financials (as on) :

31.01.2013

 

 

Date of Incorporation :

24.08.2000

 

 

Com. Reg. No.:

04058808

 

 

Legal Form :

Private Limited with Share Capital

 

 

Line of Business :

·         Other Retail Sale in Non-Specialised Stores

A group engaged in retail value priced products through its outlets.

 

 

No. of Employees :

3702

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

NOTES:

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – 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

 

 

 

 

 

REGISTERED NAME & COMPANY SUMMARY

 

Company Name:          99P Stores Limited

Company No.               04058808

Company Status:         Active-Accounts Filed

 

 

 

 

DIRECTORS/MANAGEMENT

 

Current Directors

Name

Faisal Lalani

Date of Birth

31/01/1977

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/10/2001

 

 

Address

The Penthouse, Mount Tyndal, Spaniards Road, London, NW3 7JH

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Nadir Pyarali Lalani

Date of Birth

30/04/1949

Officers Title

Mr

Nationality

British

Present Appointments

18

Function

Director

Appointment Date

24/08/2000

 

 

Address

Penthouse, Mount Tyndal, Spaniards Road, London, NW3 7JH

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Hussein Lalani

Date of Birth

05/03/1974

Officers Title

Mr

Nationality

British

Present Appointments

2

Function

Director

Appointment Date

01/10/2001

 

 

Address

The Penthouse, Mount Tyndal, Spaniards Road, London, NW3 7JH

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Robert Malcolm Dean

Date of Birth

03/01/1971

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/02/2014

 

 

Address

Style Way Pineham, Swan Valley, Northampton, Northamptonshire, NN4 9EX

Disqualified

 

Disqualified End Date

 

Disqualification Exception

No

 

 

 

Name

Anthony Richard Brown

Date of Birth

20/09/1957

Officers Title

Mr

Nationality

British

Present Appointments

1

Function

Director

Appointment Date

01/02/2014

 

 

Address

Style Way Pineham, Swan Valley, Northampton, Northamptonshire, NN4 9EX

 

Previous Director/Company Secretaries

Name

Current Directorships

Previous Directorships

William Scott Cooper

0

1

William Scott Cooper

1

27

Stephen Jeffrey Barry

27

26

CITY EXECUTOR AND TRUSTEE COMPANY LIMITED

38

503

CETC (NOMINEES) LIMITED

75

539

Karim Lalani

25

16

Nadarajah Selvakumar

7

14

Saleem Karim

7

19

Saleem Karim

7

19

Kiran Bmagattjee

0

1

Gordon Robert Shirlaw Brown

3

15

Richard Steele

0

1

Anthony Peter Gent

0

2

Nigel Mark Peckham

3

2

Howard Stephen Winetroube

25

42

 

 

NEGATIVE INFORMATION

 

CCJ

Total Number of Exact CCJs -

3

Total Value of Exact CCJs -

£1,354

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 -

-

 

 

 

Exact CCJ Details

Date

Court

Amount

Status

Case Number

Date Paid

30/05/2014

COUNTY COURT BUSINESS CENTRE

£1,019

Judgement

A3QZ1818

-

09/01/2014

NORTHAMPTON CCMCC

£210

Judgement

3YQ55718

-

16/02/2012

BOURNEMOUTH

£125

Judgement

2IR14958

-

 

Exact CCJ Details

Date

Court

Amount

Status

Case Number

Date Paid

30/05/2014

COUNTY COURT BUSINESS CENTRE

£1,019

Judgement

A3QZ1818

-

09/01/2014

NORTHAMPTON CCMCC

£210

Judgement

3YQ55718

-

16/02/2012

BOURNEMOUTH

£125

Judgement

2IR14958

-

 

Possible CCJs Details

There are no possible CCJ details

 

 

Writ Details

No writs found

 

 

SHARE & SHARE CAPITAL INFORMATION

 

Top 20 Shareholders

Name

Currency

Share Count

Share Type

Nominal Value

99 INVESTMENT HOLDINGS LIMITED

GBP

2,917,936

ORDINARY A

1

AIYSHA LALANI

GBP

1,094,000

ORDINARY B

1

HUSSEIN LALANI

GBP

1,094,000

ORDINARY B

1

FAISAL LALANI

GBP

1,094,000

ORDINARY B

1

RBC TRUSTEES (CI) LTD

GBP

925,834

ORDINARY B

1

NARENDRA KURJI VITHLANI & VIBHAKUMARI NARENDRA KURJI VITHLANI

GBP

543,432

ORDINARY B

1

AMIT JUNEJA

GBP

260,909

ORDINARY B

1

ANIL JUNEJA

GBP

260,909

ORDINARY B

1

ARVIND THAKKAR

GBP

236,600

ORDINARY B

1

BIMAL THAKKAR

GBP

175,984

ORDINARY B

1

HINA PINDORIA

GBP

130,000

ORDINARY B

1

ASHISH PINDORIA

GBP

130,000

ORDINARY B

1

RAJAL THAKKAR

GBP

116,400

ORDINARY B

1

CLIPNOTES LTD

GBP

100,000

ORDINARY B

1

NOORJEHAN LALANI

GBP

100,000

ORDINARY B

1

AKASH DODHIA

GBP

94,166

ORDINARY B

1

CHANDRAKANT LAKHANI

GBP

43,384

ORDINARY B

1

DINESH VITHLANI

GBP

43,384

ORDINARY B

1

INDU ARVIND THAKKAR

GBP

39,000

ORDINARY B

1

MR NADIR PYARALI LALANI

GBP

18,000

ORDINARY B

1

 

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

 

 

 

GROUP STRUCTURE & AFFILIATED COMPANIES

 

Statistics

Group

5 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

99P STORES LIMITED

Ownership Status

Ultimately Owned

Ultimate Holding Company

99P STORES LIMITED

 

Group structure

Company Name

 

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

99P STORES LIMITED

 

04058808

31.01.2013

Y

£341,466,013

FAMILY BARGAINS (RETAI...

 

07248690

31.05.2013

N

 

BARGAIN WORLD (RETAIL)...

 

07268565

31.05.2013

N

 

PAGEWELL LIMITED

 

IE493598

31.01.2013

N

 

PAGEWELL CONCESSION...

 

IE501407

31.01.2013

N

 

 

 

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

Y

(%)

Y

(%)

N

(%)

N

(%)

N

Turnover

£341,466,013

26.4%

£270,221,672

17%

£231,007,401

25.9%

£183,472,436

62.6%

£112,861,865

Export

-

-

-

-

-

-

-

-

-

Cost of Sales

£270,817,286

27.6%

£212,169,482

16.1%

£182,777,164

22.3%

£149,427,253

64.3%

£90,949,604

Gross Profit

£70,648,727

21.7%

£58,052,190

20.4%

£48,230,237

41.7%

£34,045,183

55.4%

£21,912,261

Wages & Salaries

£49,749,613

32.4%

£37,570,543

14.3%

£32,863,610

26.5%

£25,978,887

58.2%

£16,420,170

Directors Emoluments

£764,226

22.2%

£625,484

-3.1%

£645,772

-5%

£679,543

4.2%

£651,979

Operating Profit

-£200,589

-102.7%

£7,336,690

12.5%

£6,520,059

227.3%

£1,992,356

115.1%

£926,362

Depreciation

£5,084,188

42.4%

£3,570,169

8.6%

£3,287,187

29.9%

£2,530,391

10.1%

£2,298,149

Audit Fees

£91,000

28.4%

£70,887

-8.9%

£77,840

34.2%

£58,000

20.8%

£48,000

Interest Payments

£383,679

71%

£224,361

22.2%

£183,556

-21.4%

£233,564

-61.5%

£606,074

Pre Tax Profit

-£584,268

-108.1%

£7,188,530

13.4%

£6,336,577

254.9%

£1,785,669

435.7%

£333,348

Taxation

-£45,879

97.8%

-£2,078,296

-3.6%

-£2,005,623

-375%

-£422,261

-

-

Profit After Tax

-£630,147

-112.3%

£5,110,234

18%

£4,330,954

217.7%

£1,363,408

309%

£333,348

Dividends Payable

£742,132

-65.2%

£2,131,331

9.3%

£1,949,286

-

-

-

-

Retained Profit

-£1,372,279

-146.1%

£2,978,903

25.1%

£2,381,668

74.7%

£1,363,408

309%

£333,348

 

 

Balance Sheet

 

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Tangible Assets

£32,186,248

26.2%

£25,505,592

39.3%

£18,309,892

8.7%

£16,842,891

68.5%

£9,997,590

Intangible Assets

0

-

0

-

0

-

0

-

0

Total Fixed Assets

£32,186,248

26.2%

£25,505,592

39.3%

£18,309,892

8.7%

£16,842,891

68.5%

£9,997,590

Stock

£46,684,279

28.9%

£36,215,127

56.3%

£23,166,614

33.6%

£17,343,926

25.1%

£13,867,965

Trade Debtors

0

-

0

-

0

-

0

-

0

Cash

£605,835

-3.5%

£627,620

119.3%

£286,250

1.3%

£282,573

83.4%

£154,084

Other Debtors

£10,341,235

14%

£9,074,637

15.6%

£7,852,375

44.2%

£5,445,235

50.1%

£3,626,825

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

Total Current Assets

£57,631,349

25.5%

£45,917,384

46.7%

£31,305,239

35.7%

£23,071,734

30.7%

£17,648,874

Trade Creditors

£40,628,566

51.1%

£26,887,525

41.6%

£18,994,922

0.4%

£18,920,691

58%

£11,972,264

Bank Loans & Overdrafts

£10,267,792

33.4%

£7,697,494

200.7%

£2,560,162

-5.4%

£2,705,928

10.4%

£2,452,051

Other Short Term Finance

£15,821

-91.6%

£189,194

-19.1%

£233,793

21.1%

£193,097

-

0

Miscellaneous Current Liabilities

£26,907,856

16.2%

£23,161,101

40.7%

£16,456,807

89.7%

£8,675,406

64.7%

£5,267,223

Total Current Liabilities

£77,820,035

34.3%

£57,935,314

51.5%

£38,245,684

25.4%

£30,495,122

54.9%

£19,691,538

Bank Loans & Overdrafts and LTL

£11,240,792

27.9%

£8,788,315

94.8%

£4,511,671

-11.3%

£5,089,161

-7.2%

£5,485,384

Other Long Term Finance

0

-100%

£15,821

-98.3%

£956,284

-13.9%

£1,110,972

-16.7%

£1,333,333

Total Long Term Liabilities

£973,000

-10.8%

£1,090,821

-44.1%

£1,951,509

-18.1%

£2,383,233

-21.4%

£3,033,333

 

 

Capital & Reserves

 

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Called Up Share Capital

£9,417,938

-

£9,417,938

-

£9,417,938

-

£9,417,938

8.7%

£8,666,669

P & L Account Reserve

£1,606,624

-46.1%

£2,978,903

-

-

100%

-£2,381,668

36.4%

-£3,745,076

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£11,024,562

-11.1%

£12,396,841

31.6%

£9,417,938

33.8%

£7,036,270

43%

£4,921,593

 

 

Other Financial Items

 

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Net Worth

£11,024,562

-11.1%

£12,396,841

31.6%

£9,417,938

33.8%

£7,036,270

43%

£4,921,593

Working Capital

-£20,188,686

-68%

-£12,017,930

-73.2%

-£6,940,445

6.5%

-£7,423,388

-263.4%

-£2,042,664

Total Assets

£89,817,597

25.8%

£71,422,976

44%

£49,615,131

24.3%

£39,914,625

44.4%

£27,646,464

Total Liabilities

£78,793,035

33.5%

£59,026,135

46.8%

£40,197,193

22.3%

£32,878,355

44.7%

£22,724,871

Net Assets

£11,024,562

-11.1%

£12,396,841

31.6%

£9,417,938

33.8%

£7,036,270

43%

£4,921,593

 

 

Cash Flow

 

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Net Cashflow from Operations

£11,213,634

28.6%

£8,721,403

42.5%

£6,121,416

-33.5%

£9,209,295

103%

£4,537,387

Net Cashflow before Financing

-£2,402,889

47.3%

-£4,562,171

-480.3%

£1,199,504

99.2%

£602,267

-47.4%

£1,146,050

Net Cashflow from Financing

£5,810,806

99.3%

£2,916,209

331%

-£1,262,561

-145.1%

-£515,155

52%

-£1,072,177

Increase in Cash

£3,407,917

307%

-£1,645,962

-999.9%

-£63,057

-172.4%

£87,112

17.9%

£73,873

 

 

Miscellaneous

 

Date Of Accounts

31/01/13

(%)

31/01/12

(%)

31/01/11

(%)

31/01/10

(%)

31/01/09

Contingent Liability

NO

-

NO

-

YES

-

YES

-

YES

Capital Employed

£11,997,562

-11%

£13,487,662

18.6%

£11,369,447

20.7%

£9,419,503

18.4%

£7,954,926

Number of Employees

3702

7.5%

3444

16%

2970

37.8%

2156

66.2%

1297

Auditors

UHY HACKER YOUNG

Auditor Comments

The audit report contains no adverse comments

Bankers

BARCLAYS BANK PLC

Bank Branch Code

 

 

 

Ratios

 

wDate Of Accounts

31/01/13

31/01/12

31/01/11

31/01/10

31/01/09

Pre-tax profit margin %

-0.17

2.66

2.74

0.97

0.30

Current ratio

0.74

0.79

0.82

0.76

0.90

Sales/Net Working Capital

-16.91

-22.48

-33.28

-24.72

-55.25

Gearing %

102

70.90

47.90

72.30

111.50

Equity in %

12.30

17.40

19

17.60

17.80

Creditor Days

43.30

36.21

29.93

37.53

38.61

Debtor Days

-

-

-

-

-

Liquidity/Acid Test

0.14

0.16

0.21

0.18

0.19

Return On Capital Employed %

-4.86

53.29

55.73

18.95

4.19

Return On Total Assets Employed %

-0.65

10.06

12.77

4.47

1.20

Current Debt Ratio

7.05

4.67

4.06

4.33

4

Total Debt Ratio

7.14

4.76

4.26

4.67

4.61

Stock Turnover Ratio %

13.67

13.40

10.02

9.45

12.28

Return on Net Assets Employed %

-5.29

57.98

67.28

25.37

6.77

 

 

FOREIGN EXCHANGE RATES

 

N/A

 

 

ADDITIONAL INFORMATION

 

Current Company Secretary

Name

Robert Malcolm Dean

Date of Birth

-

Officers Title

Mr

Nationality

 

Present Appointments

1

Function

Company Secretary

Appointment Date

01/02/2014

 

 

Address

Style Way Pineham, Swan Valley, Northampton, Northamptonshire, NN4 9EX

 

Status History

No Status History found

 

Event History

Date

Description

16/09/2014

Annual Returns

02/06/2014

New Board Member Mr A.R. Brown appointed

02/06/2014

New Company Secretary Mr R.M. Dean appointed

02/06/2014

New Board Member Mr R.M. Dean appointed

28/05/2014

Mr W.S. Cooper has left the board

24/12/2013

Mr W.S. Cooper has resigned as company secretary

02/11/2013

New Accounts Filed

02/11/2013

New Accounts Filed

11/09/2013

Annual Returns

12/09/2012

Annual Returns

18/07/2012

New Accounts Filed

18/07/2012

New Accounts Filed

14/09/2011

Annual Returns

15/08/2011

Mr G.R. Brown has left the board

17/06/2011

New Accounts Filed

 

Show more

 

Previous Company Names

 

Date

Previous Name

01/02/2005

WHISTLESTOP DISCOUNT STORES LIMITED

09/05/2001

99P STORES LIMITED

20/03/2001

WHISTLESTOP DISCOUNT STORES LIMITED

 

 

Mortgage Details

 

Mortgage Type:

 

Date Charge Created:

07/02/14

 

 

Date Charge Registered:

11/02/14

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BARCLAYS UNQUOTED INVESTMENTS LIMITED;

Amount Secured:

 

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKING OF THE COMPANY.NOTIFICATION OF ADDITION TO OR AMENDMENT OF CHARGE.

 

Mortgage Type:

DEBENTURE

Date Charge Created:

06/09/11

 

 

Date Charge Registered:

10/09/11

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

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:

FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL, BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY

 

Mortgage Type:

LICENCE AGREEMENT

Date Charge Created:

25/07/08

 

 

Date Charge Registered:

09/08/08

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

K/S UK PROPERTIES 111

Amount Secured:

£11,200 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

A RENT DEPOSIT IN RESPECT OF GROUND FLOOR AND BASEMENT PREMISES AT 158 KILBURN HIGH ROAD LONDON IN THE SUM OF £11,500 PLUS VAT.

 

Mortgage Type:

DEBENTURE

Date Charge Created:

02/12/05

 

 

Date Charge Registered:

07/12/05

 

 

Date Charge Satisfied:

06/03/12

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

 

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:

MORTGAGE OF A KEYMAN LIFE INSURANCE POLICY

Date Charge Created:

02/12/05

 

 

Date Charge Registered:

07/12/05

 

 

Date Charge Satisfied:

06/03/12

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

 

Details:

MR NADIR LALANI DATED 9 SEPTEMBER 2004 WITH SCOTTISH EQUITABLE P/NO L0196851452FOR THE SUM £1,000,000SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

MORTGAGE OF A KEYMAN LIFE INSURANCE POLICY

Date Charge Created:

02/12/05

 

 

Date Charge Registered:

07/12/05

 

 

Date Charge Satisfied:

06/03/12

 

 

Status:

SATISFIED

 

 

Person(s) Entitled:

LLOYDS TSB BANK PLC

Amount Secured:

 

Details:

MR FAISAL LALANI DATED 28 SEPTEMBER 2004 WITH SCOTTISH EQUITABLE P/NO L0193171452 FOR THE SUM OF £1,500,000SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

10/01/05

 

 

Date Charge Registered:

13/01/05

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

CAPITAL & REGIONAL (PALLASADES ONE) LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE TENANT\S INTEREST IN ALL THE MONIESSTANDING TO THE CREDIT OF THE ACCOUNT INCLUDING ALL INTERESTACCRUING THERETO

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

06/12/04

 

 

Date Charge Registered:

10/12/04

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

W (NO.5) GP (NOMINEE A) LIMITED AND W (NO.5) GP (NOMINEE B) LIMITED

Amount Secured:

£51,406.25 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE INITIAL DEPOSIT OF £51,406.25

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

28/06/04

 

 

Date Charge Registered:

16/07/04

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

GASBURY LIMITED

Amount Secured:

£35,000.00 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

ALL MONIES STANDING TO THE CREDIT OF THE ACCOUNT

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

29/06/04

 

 

Date Charge Registered:

01/07/04

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

ASTONPALM LIMITED & BUCKMEAD LIMITED

Amount Secured:

THE INITIAL DEPOSIT OF £123,375 AND ALLOTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE INITIAL DEPOSIT OF £123,375 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

29/08/03

 

 

Date Charge Registered:

11/09/03

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

SAINSBURYS SUPERMARKETS LTD

Amount Secured:

£18,750 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

THE SUM OF £18,750 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

21/08/03

 

 

Date Charge Registered:

05/09/03

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

TWINGEM LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE SUM OF £24,529 PAID INTO AN INTEREST BEARING ACCOUNT (INCLUDING INTEREST) AND ALL MONIES AS THETENANT MAY BE REQUIRED TO DEPOSIT TO MAKE GOOD ANY DEFICIENCY IN THE QUANTUM OF THE INITIAL DEPOSIT

 

Mortgage Type:

DEED OF RENT DEPOSIT

Date Charge Created:

20/03/03

 

 

Date Charge Registered:

29/03/03

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

HESTERBAY PROPERTIES LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

THE SUM OF £26,250 DEPOSITED BY THE LANDLORD OR ITS AGENTS WITH A UNITED KINGDOM CLEARING BANK

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

19/08/02

 

 

Date Charge Registered:

04/09/02

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

LITTLEWOODS PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE

Details:

A FIRST FIXED EQUITABLE CHARGE OVER THEDEPOSIT BALANCE SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

 

Mortgage Type:

DEBENTURE

Date Charge Created:

06/08/02

 

 

Date Charge Registered:

12/08/02

 

 

Date Charge Satisfied:

14/12/05

 

 

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:

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:

RENT DEPOSIT DEED

Date Charge Created:

31/10/01

 

 

Date Charge Registered:

06/11/01

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

CURRYS GROUP PLC

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LEASE OF EVENDATE AND/OR THIS DEED

Details:

THE COMPANY'S INTEREST IN THE DEPOSIT SUM BEING £67,500

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

11/07/01

 

 

Date Charge Registered:

19/07/01

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

FULBROOK INTERNATIONAL LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE TERMS OF A LEASE OF EVENDATE

Details:

THE DEPOSITED SUM OF £42,500.00 AND ANYINTEREST THEREON

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

27/06/01

 

 

Date Charge Registered:

13/07/01

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

RAILWAYS PENSION TRUSTEE COMPANY LIMITED

Amount Secured:

£111,993.36 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE

Details:

ACCOUNT NAME AMAS LTD (CLIENT ACCOUNT)/RAILWAY PENSION TRUSTEE/WHISTLESTOP DISCOUNT STORES LTD/RENTDEPOSIT ACCOUNT NO 2151397 SORT CODE 15-10-00

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

06/04/01

 

 

Date Charge Registered:

20/04/01

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

ANAID HOLDINGS LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY FORMERLY KNOWN AS WHISTLESTOP DISCOUNT STORES LIMITED TO THE CHARGEE UNDER THE TERMS OF THE LEASE DATED 12 DECEMBER 2000

Details:

£141,000

 

Mortgage Type:

RENT DEPOSIT DEED

Date Charge Created:

12/04/01

 

 

Date Charge Registered:

20/04/01

 

 

Date Charge Satisfied:

-

 

 

Status:

OUTSTANDING

 

 

Person(s) Entitled:

BBC PENSION TRUST LIMITED

Amount Secured:

ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY (FORMERLY K/A WHISTLESTOP DISCOUNT STORES LIMITED)TO THE CHARGEE UNDER THE ACCOUNT AND THE DEPOSIT BALANCE (AS DEFINED IN THE RENT DEPOSIT DEED)

Details:

£39,000

 

 

NOTES & COMMENTS

 

Commentary

Multiple CCJ's recorded against the company.

 

Net Worth decreased by 11.1% during the latest trading period.

 

Pre-tax profits decreased by 108.1% compared to the previous trading period.

 

 

Sales in the latest trading period increased 26.4% on the previous trading period.

 

A 25.8% growth in Total Assets occurred during the latest trading period.

 

The company saw a decrease in their Cash Balance of 3.5% 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 14 years ago.

 

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.57

UK Pound

1

Rs.100.42

Euro

1

Rs.78.45

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

NIT

 

               

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.