MIRA INFORM REPORT

 

 

Report No. :

337440

Report Date :

21.08.2015

 

IDENTIFICATION DETAILS

 

Name :

DKH RETAIL LIMITED

 

 

Registered Office :

Unit 60 The Runnings Cheltenham Gloucestershire GL51 9NW

 

 

Country :

United Kingdom

 

 

Financials (as on) :

26.04.2014

 

 

Date of Incorporation :

02.11.2009

 

 

Com. Reg. No.:

07063508

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :
  • Wholesale of clothing and footwear
  • Comprise the design and ownership of brands, and wholesale distribution of own brand products (clothes, shoes, and accessories) worldwide

 

 

No. of Employee :

125

 

 

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 :

Good 

 

 

Payment Behaviour :

 Regular

 

 

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, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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. 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 has been a net importer of energy since 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.

In 2008, 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. Facing burgeoning public deficits and debt levels, in 2010 the CAMERON-led coalition government (between Conservatives and Liberal Democrats) initiated an austerity program, which aimed to lower London's budget deficit from about 11% of GDP in 2010 to nearly 1% by 2015. 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 20% by 2015. However, the deficit still remains one of the highest in the G7, standing at 6.0% in 2014.

In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.7% and in 2014, 2.6%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

The Bank of England (BoE) implemented an asset purchase program of �375 billion (approximately $586 billion) as of December 2014. 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).

 

Source : CIA

 

Company Name

 

DKH RETAIL LIMITED

 

 

Company No

 

07063508

 

 

Registered Address

 

UNIT 60 THE RUNNINGS CHELTENHAM GLOUCESTERSHIRE GL51 9NW

 

 

Company Summary

 

Registered Address

 

UNIT 60 THE RUNNINGS
CHELTENHAM
GLOUCESTERSHIRE
GL51 9NW

 

Trading Address

 

Unit 60
The Runnings
Cheltenham
Gloucestershire
GL51 9NW

 

Website Address                       http://www.superdry.com

Telephone Number                    01242588190

Fax Number     

TPS                                          No

FPS                                          No

Incorporation Date                     02/11/2009

Previous Name             

Type                                         Private limited with Share Capital

FTSE Index                               -

Date of Change                         -

Filing Date of Accounts             06/12/2014

Currency                                   GBP

Share Capital                            £1,871,208

SIC07                                       46420

Charity Number                         -

SIC07 Description                     WHOLESALE OF CLOTHING AND FOOTWEAR

Principal Activity                       Comprise the design and ownership of brands, and wholesale distribution of own brand products (clothes, shoes, and accessories) worldwide. 10.

 

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit               Shareholder     Funds Employees

 

26/04/2014        £163,800,000     £24,814,000                  £263,303,000                 125

28/04/2013        £125,967,000     £26,065,000                  £244,700,000                 134

29/04/2012        £108,369,000     £19,730,000                  £224,783,000                 130

 

 

Mortgage Summary

 

Total Mortgage                          1

Outstanding                              0

Satisfied                                   1

 

 

Trade Debtors / Bad Debt Summary

 

Total Number of Documented Trade                   2

Total Value of Documented Trade                      £20,597

 

 

Commentary

 

This company has been treated as a Large company in respect of the rating/limit generated.

This company's return on total assets employed ratio indicates a highly efficient use of assets.

This company's ratio of total liabilities to total assets indicates the presence of strong equity funding.

The company has more cash than short term bank borrowings.

This company trades in an industry with a lower level of corporate failures.

 

 

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 -

-

 

 

Total Current Directors

1

Total Current Secretaries

0

Total Previous Directors / Company Secretaries

6

 

 

Current Directors

 

Name

Euan Angus Sutherland

Date of Birth

06/02/1969

Officers Title

Mr

Nationality

British

Present Appointments

8

Function

Director

Appointment Date

12/02/2015

Address

Unit 60 The Runnings, Cheltenham, Gloucestershire, GL51 9NW

 

 

Current Company Secretary

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

SUPERGROUP PLC

GBP

187,120,822

ORDINARY

0.01

100

 

 

Financials

 

Profit & Loss

 

Date Of Accounts

26/04/14

(%)

28/04/13

(%)

29/04/12

(%)

01/05/11

(%)

-

Weeks

52

(%)

52

(%)

52

(%)

60

(%)

-

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

-

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

-

Turnover

£163,800,000

30%

£125,967,000

16.2%

£108,369,000

11.3%

£97,339,000

-

-

Export

£126,617,000

34.4%

£94,223,000

33.4%

£70,657,000

34.7%

£52,466,000

-

-

Cost of Sales

£109,825,000

28.4%

£85,515,000

17%

£73,095,000

6.1%

£68,896,000

-

-

Gross Profit

£53,975,000

33.4%

£40,452,000

14.7%

£35,274,000

24%

£28,443,000

-

-

Wages & Salaries

£5,223,000

-7%

£5,618,000

13.1%

£4,967,000

43.3%

£3,467,000

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

£24,814,000

-4.8%

£26,059,000

32.1%

£19,728,000

35.2%

£14,595,000

-

-

Depreciation

£425,000

16.8%

£364,000

8%

£337,000

-22%

£432,000

-

-

Audit Fees

-

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-100%

£3,000

-

-

Pre Tax Profit

£24,814,000

-4.8%

£26,065,000

32.1%

£19,730,000

35.2%

£14,593,000

-

-

Taxation

-£6,211,000

-1%

-£6,148,000

-17%

-£5,256,000

-22.7%

-£4,284,000

-

-

Profit After Tax

£18,603,000

-6.6%

£19,917,000

37.6%

£14,474,000

40.4%

£10,309,000

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£18,603,000

-6.6%

£19,917,000

37.6%

£14,474,000

40.4%

£10,309,000

-

-

 

 

Balance Sheet

 

Date Of Accounts

26/04/14

(%)

28/04/13

(%)

29/04/12

(%)

01/05/11

(%)

-

Tangible Assets

£1,342,000

11.8%

£1,200,000

-19.1%

£1,484,000

1%

£1,470,000

-

-

Intangible Assets

£129,134,000

-9.8%

£143,232,000

-9%

£157,383,000

-8.3%

£171,704,000

-

-

Total Fixed Assets

£130,476,000

-9.7%

£144,432,000

-9.1%

£158,867,000

-8.3%

£173,174,000

-

-

Stock

£17,348,000

26.6%

£13,706,000

60.5%

£8,540,000

-13.9%

£9,913,000

-

-

Trade Debtors

£29,077,000

6.8%

£27,213,000

41.9%

£19,179,000

13.9%

£16,838,000

-

-

Cash

£98,414,000

47.5%

£66,717,000

62.6%

£41,038,000

58.5%

£25,887,000

-

-

Other Debtors

£29,370,000

64.1%

£17,895,000

7%

£16,731,000

652.3%

£2,224,000

-

-

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

-

Total Current Assets

£174,209,000

38.8%

£125,531,000

46.8%

£85,488,000

55.8%

£54,862,000

-

-

Trade Creditors

£13,087,000

0.8%

£12,988,000

48.9%

£8,720,000

9.8%

£7,943,000

-

-

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

-

Other Short Term Finance

£17,560,000

247.2%

£5,058,000

-22.9%

£6,562,000

4.9%

£6,254,000

-

-

Miscellaneous Current Liabilities

£10,735,000

48.7%

£7,217,000

68.2%

£4,290,000

21.5%

£3,530,000

-

-

Total Current Liabilities

£41,382,000

63.8%

£25,263,000

29.1%

£19,572,000

10.4%

£17,727,000

-

-

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

-

Other Long Term Finance

0

-

0

-

0

-

0

-

-

Total Long Term Liabilities

0

-

0

-

0

-

0

-

-

.

 

Capital & Reserves

 

Date Of Accounts

26/04/14

(%)

28/04/13

(%)

29/04/12

(%)

01/05/11

(%)

-

Called Up Share Capital

£1,871,000

-

£1,871,000

-

£1,871,000

-

£1,871,000

-

-

P & L Account Reserve

£63,303,000

41.6%

£44,700,000

80.4%

£24,783,000

140.4%

£10,309,000

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

£198,129,000

-

£198,129,000

-

£198,129,000

-

£198,129,000

-

-

Shareholder Funds

£263,303,000

7.6%

£244,700,000

8.9%

£224,783,000

6.9%

£210,309,000

-

-

 

 

Other Financial Items

 

Date Of Accounts

26/04/14

(%)

28/04/13

(%)

29/04/12

(%)

01/05/11

(%)

-

Net Worth

£134,169,000

32.2%

£101,468,000

50.5%

£67,400,000

74.6%

£38,605,000

-

-

Working Capital

£132,827,000

32.5%

£100,268,000

52.1%

£65,916,000

77.5%

£37,135,000

-

-

Total Assets

£304,685,000

12.9%

£269,963,000

10.5%

£244,355,000

7.2%

£228,036,000

-

-

Total Liabilities

£41,382,000

63.8%

£25,263,000

29.1%

£19,572,000

10.4%

£17,727,000

-

-

Net Assets

£263,303,000

7.6%

£244,700,000

8.9%

£224,783,000

6.9%

£210,309,000

-

-

 

 

Cash Flow

 

Date Of Accounts

26/04/14

(%)

28/04/13

(%)

29/04/12

(%)

01/05/11

(%)

-

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

26/04/14

(%)

28/04/13

(%)

29/04/12

(%)

01/05/11

(%)

-

Contingent Liability

NO

-

NO

-

NO

-

NO

-

-

Capital Employed

£263,303,000

7.6%

£244,700,000

8.9%

£224,783,000

6.9%

£210,309,000

-

-

Number of Employees

125

-6.7%

134

3.1%

130

34%

97

-

-

Auditors

PRICEWATERHOUSECOOPERS LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

26/04/14

28/04/13

29/04/12

01/05/11

-

Pre-tax profit margin %

15.15

20.69

18.21

14.99

-

Current ratio

4.21

4.97

4.37

3.09

-

Sales/Net Working Capital

1.23

1.26

1.64

2.62

-

Gearing %

0

0

0

0

-

Equity in %

150

193.10

258.50

373.30

-

Creditor Days

29.08

37.53

29.28

34.27

-

Debtor Days

64.61

78.63

64.42

72.65

-

Liquidity/Acid Test

3.79

4.42

3.93

2.53

-

Return On Capital Employed %

9.42

10.65

8.77

6.93

-

Return On Total Assets Employed %

8.14

9.65

8.07

6.39

-

Current Debt Ratio

0.15

0.10

0.08

0.08

-

Total Debt Ratio

0.15

0.10

0.08

0.08

-

Stock Turnover Ratio %

10.59

10.88

7.88

10.18

-

Return on Net Assets Employed %

9.42

10.65

8.77

6.93

-

 

 

Previous Company Names

 

No Previous Names found

 

Writ Details

 

No writs found

 

 

Summary

 

Holding Company

SUPERGROUP PLC

Ownership Status

Wholly Owned

Ultimate Holding Company

SUPERGROUP PLC

 

 

Group Structure

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\tminus.gif SUPERGROUP PLC

 

07063562

26.04.2014

Y

£430,900,000

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\T.gif FRAGRANCES 55 LIMITED

 

07632091

26.04.2014

N

£166,000

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\T.gif C-RETAIL LIMITED

 

07139142

26.04.2014

N

£194,543,000

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\T.gif DKH RETAIL LIMITED

 

07063508

26.04.2014

N

£163,800,000

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\T.gif SUPERGROUP CONCESSIONS...

 

07139101

26.04.2014

N

£13,302,000

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\tminus.gif SUPERGROUP INTERNET LI...

 

07139044

26.04.2014

N

£45,391,000

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\L.gif SUPERGROUP INTERNET...

 

07751612

26.04.2014

N

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\T.gif SUPERGROUP INTERNATION...

 

07139168

26.04.2014

N

£7,000

Description: \\vivek\Foreign Report Raw2\Folders\DKH RETAIL LIMITED_files\L.gif SUPERGROUP RETAIL IREL...

 

IE480483

26.04.2014

N

€11,180,000



Statistics

 

Group

9 companies

Linkages

3 companies

Countries

In 2 countries

 

 

Other Linked Companies

 

Name

Number

Latest Key Financials

Turnover

SUPERGROUP NETHERLANDS B.V.

 

51956381

30.04.2012

SUPERGROUP BELGIUM FINANCE SA

 

833299680

30.04.2014

SUPERGROUP BELGIUM

 

833316112

30.04.2014

€2,724,903

 

 

Mortgage Details

 

Mortgage Type:

DEBENTURE

Date Charge Created:

21/02/10

Date Charge Registered:

04/03/10

Date Charge Satisfied:

12/03/11

Status:

SATISFIED

Person(s) Entitled:

HSBC BANK PLC

Amount Secured:

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

 

 

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

2

£20,597

Company Name

Amount

Statement Date

Benwoods Limited

£19,249

22/02/2012

Overhead Surf Limited

£1,348

22/02/2013

 

 

Previous Director/Company Secretaries

 

Name

Current Directorships

Previous Directorships

Diane Rebecca Wendy Savory

11

15

Charles Robert Victor Howes

7

31

John Philip Bailey

0

2

Theophilos Karpathios

10

11

Shaun Simon Wills

0

18

Susanne Johanne Given

1

8

Average Invoice Value

Ł711.74

Invoices available

33

Paid

33

Outstanding

0

 

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

2

3

7

10

11

Outstanding

0

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.65.24

UK Pound

1

Rs.102.21

Euro

1

Rs.72.57

 

INFORMATION DETAILS

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ASH

 

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.