MIRA INFORM REPORT

Report No. :	356197
Report Date :	21.12.2015

IDENTIFICATION DETAILS

Name :	DAVID MORRIS INTERNATIONAL LIMITED

Formerly Known As :	DAVID MORRIS JEWELS INTERNATIONAL LIMITED

Registered Office :	180 New Bond Streetlondonw1s 4rl

Country :	United Kingdom

Financials (as on) :	31.12.2014

Date of Incorporation :	12.07.1991

Com. Reg. No.:	02630165

Legal Form :	Private limited with Share Capital

Line of Business :	· Manufacture Of Jewellery And Related Articles · A group engaged in manufacturing, wholesaling and retailing of jewellery, precious metals and precious stones.

No. of Employee :	42 (2014)

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory

Status :	Satisfactory

Payment Behaviour :	No complaints

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

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 and Address

DAVID MORRIS INTERNATIONAL LIMITED

180 NEW BOND STREETLONDONW1S 4RL

Company No

02630165

Company Status

Active - Accounts Filed

Company Summary

Registered Address 180 NEW BOND STREET
LONDON
W1S 4RL

Trading Address 180 New Bond Street
London
W1S 4RL

Website Address http://www.davidmorris.com

Telephone Number 02074992200

Fax Number

TPS No

FPS Yes

Incorporation Date 12/07/1991

Previous Name DAVID MORRIS JEWELS INTERNATIONAL LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 13/09/1991

Filing Date of Accounts 24/09/2015

Currency GBP

Share Capital £3,064,935

SIC07 32120

Charity Number -

SIC07 Description MANUFACTURE OF JEWELLERY AND RELATED ARTICLES

Principal Activity A group engaged in manufacturing, wholesaling and retailing of jewellery, precious metals and precious stones.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/12/2014 £62,638,820 £7,574,847 £53,274,077 42

31/12/2013 £43,424,859 £3,930,514 £47,186,629 37

31/12/2012 £48,041,665 £8,410,623 £43,875,130 41

Mortgage Summary

Total Mortgage 4

Outstanding 4

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 0

Total Value of Documented Trade £0

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 has made late payments on a medium percentage of invoices.

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

The company has more cash than short term bank borrowings.

This company trades in an industry with a moderate 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	6
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	23

Current Directors

Title	Mr	Function	Director
Name	Cyril Winston Freedman	Nationality	British
Date of Birth	08/1945	Present Appointments	11
Latest Address	180 New Bond Street, London	Appointment Date	27/02/2004
Post Code	W1S 4RL
Title	Mr	Function	Director
Name	Jeremy Lee Morris	Nationality	British
Date of Birth	11/1961	Present Appointments	7
Latest Address	180 New Bond Street, London	Appointment Date	12/07/1992
Post Code	W1S 4RL

Title	Mr	Function	Director
Name	Wayne Donald Pond	Nationality	British
Date of Birth	11/1969	Present Appointments	4
Latest Address	180 New Bond Street, London	Appointment Date	21/04/2008
Post Code	W1S 4RL
Title	Mr	Function	Director
Name	William Henry Holbech	Nationality	British
Date of Birth	01/1965	Present Appointments	1
Latest Address	180 New Bond Street, London	Appointment Date	21/04/2008
Post Code	W1S 4RL

Title	Mr	Function	Director
Name	Scott Samuel Strachan	Nationality	British
Date of Birth	12/1970	Present Appointments	1
Latest Address	180 New Bond Street, London	Appointment Date	02/06/2014
Post Code	W1S 4RL
Title	Mr	Function	Director
Name	Ali Abousaleh	Nationality	American
Date of Birth	07/1980	Present Appointments	1
Latest Address	180 New Bond Street, London	Appointment Date	01/08/2014
Post Code	W1S 4RL

Current Company Secretary

Title	Mr	Function	Company Secretary
Name	Wayne Donald Pond	Nationality	British
Date of Birth	11/1969	Present Appointments	4
Latest Address	180 New Bond Street, London	Appointment Date	06/03/2007
Post Code	W1S 4RL

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
WATERFLOW ENTERPRISES CORP	GBP	3,064,935	ORDINARY	1	100

Profit & Loss

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/01/12	(%)	31/01/11
	Weeks	52	(%)	52	(%)	48	(%)	52	(%)	52
	Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
	Consolidated A/cs	Y	(%)	Y	(%)	Y	(%)	Y	(%)	Y
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Turnover	£62,638,820	44.2%	£43,424,859	-9.6%	£48,041,665	9.5%	£43,874,169	25.8%	£34,863,731
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Export	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Cost of Sales	£39,382,473	47.6%	£26,676,676	-1.4%	£27,053,508	4.2%	£25,954,082	24.6%	£20,835,178
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Gross Profit	£23,256,347	38.9%	£16,748,183	-20.2%	£20,988,157	17.1%	£17,920,087	27.7%	£14,028,553
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Wages & Salaries	£4,687,997	30.7%	£3,586,948	-9.9%	£3,979,825	3.7%	£3,837,564	57.5%	£2,436,455
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Directors Emoluments	£2,401,006	39.9%	£1,716,421	-32.7%	£2,549,455	29.3%	£1,971,026	86.1%	£1,059,317
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Operating Profit	£8,452,428	76.2%	£4,796,295	-47.8%	£9,185,414	11.8%	£8,216,243	34.5%	£6,109,910
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Depreciation	£290,774	3.2%	£281,873	20.6%	£233,637	23.7%	£188,930	-5.2%	£199,395
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Audit Fees	£79,000	-15.1%	£93,000	-7%	£100,000	25%	£80,000	-	£80,000
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Interest Payments	£884,608	1.6%	£870,848	10.7%	£786,337	113.3%	£368,692	-20.3%	£462,744
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Pre Tax Profit	£7,574,847	92.7%	£3,930,514	-53.3%	£8,410,623	7%	£7,857,939	39.1%	£5,650,529
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Taxation	-£1,447,089	-128.6%	-£633,144	74.6%	-£2,497,003	-28.7%	-£1,940,108	-12.7%	-£1,721,445
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Profit After Tax	£6,127,758	85.8%	£3,297,370	-44.2%	£5,913,620	-0.1%	£5,917,831	50.6%	£3,929,084
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Dividends Payable	-	-	-	-	-	-	-	-100%	£1,000,000
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Retained Profit	£6,113,757	85.6%	£3,293,569	-44.9%	£5,974,618	1%	£5,917,831	102%	£2,929,084

Balance Sheet

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/01/12	(%)	31/01/11
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Tangible Assets	£2,753,383	103.4%	£1,353,629	15.9%	£1,167,598	10.3%	£1,058,473	52.1%	£695,990
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Intangible Assets	£626,675	-40.4%	£1,051,512	-28.8%	£1,476,349	-19.6%	£1,837,234	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Fixed Assets	£3,380,058	40.5%	£2,405,141	-9%	£2,643,947	-8.7%	£2,895,707	316.1%	£695,990
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Stock	£75,139,154	33.1%	£56,472,176	4.6%	£53,968,035	24.6%	£43,299,922	11.6%	£38,787,072
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Trade Debtors	£5,986,126	3.5%	£5,784,483	-24.1%	£7,618,958	-19.5%	£9,460,101	175.6%	£3,432,617
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Cash	£16,142,192	78.6%	£9,039,207	112.7%	£4,248,871	-73%	£15,722,116	31.4%	£11,963,501
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Debtors	£2,880,889	15.1%	£2,502,900	-14.8%	£2,936,597	31.6%	£2,230,947	72.5%	£1,293,099
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Current Assets	£100,148,361	35.7%	£73,798,766	7.3%	£68,772,461	-2.7%	£70,713,086	27.5%	£55,476,289
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Trade Creditors	£8,532,489	68.1%	£5,075,686	-46.3%	£9,448,408	3.7%	£9,110,217	-1.2%	£9,224,912
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts	£14,978,208	11.8%	£13,401,700	75.7%	£7,628,974	-61.4%	£19,755,133	68.6%	£11,717,546
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Short Term Finance	0	-100%	£75,436	-	0	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Miscellaneous Current Liabilities	£6,738,323	10.7%	£6,089,324	-4.3%	£6,361,651	-8.6%	£6,962,818	107.3%	£3,358,881
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Current Liabilities	£30,249,020	22.8%	£24,642,146	5.1%	£23,439,033	-34.6%	£35,828,168	47.4%	£24,301,339
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Bank Loans & Overdrafts and LTL	£34,983,530	96.8%	£17,776,832	51.5%	£11,731,219	-40.6%	£19,755,133	68.6%	£11,717,546
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Other Long Term Finance	£19,950,243	365.7%	£4,283,664	9.1%	£3,927,132	-	0	-	0
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Long Term Liabilities	£20,005,322	357.3%	£4,375,132	6.7%	£4,102,245	-	0	-	0

Capital & Reserves

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/01/12	(%)	31/01/11
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Called Up Share Capital	£3,064,935	-	£3,064,935	-	£3,064,935	2.2%	£3,000,000	-	£3,000,000
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	P & L Account Reserve	£43,034,746	16.5%	£36,947,298	9.8%	£33,635,799	21.7%	£27,641,294	27.2%	£21,731,609
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Revaluation Reserve	-	-	-	-	-	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Sundry Reserves	£7,174,396	-	£7,174,396	-	£7,174,396	0.5%	£7,139,331	-	£7,139,331
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Shareholder Funds	£53,274,077	12.9%	£47,186,629	7.5%	£43,875,130	16.1%	£37,780,625	18.5%	£31,870,940

Other Financial Items

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/01/12	(%)	31/01/11
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Worth	£52,647,402	14.1%	£46,135,117	8.8%	£42,398,781	18%	£35,943,391	12.8%	£31,870,940
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Working Capital	£69,899,341	42.2%	£49,156,620	8.4%	£45,333,428	30%	£34,884,918	11.9%	£31,174,950
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Assets	£103,528,419	35.9%	£76,203,907	6.7%	£71,416,408	-3%	£73,608,793	31%	£56,172,279
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Liabilities	£50,254,342	73.2%	£29,017,278	5.4%	£27,541,278	-23.1%	£35,828,168	47.4%	£24,301,339
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Assets	£53,274,077	12.9%	£47,186,629	7.5%	£43,875,130	16.1%	£37,780,625	18.5%	£31,870,940

Cash Flow

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/01/12	(%)	31/01/11
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow from Operations	-£7,151,096	-440.2%	£2,102,297	13.2%	£1,857,687	999.9%	£139,758	-96.6%	£4,061,259
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow before Financing	-£9,382,383	-812.1%	-£1,028,637	68%	-£3,213,060	24.9%	-£4,278,971	-479%	£1,128,948
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Net Cashflow from Financing	£15,000,000	-	-	-100%	£3,814,401	-	-	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Increase in Cash	£5,617,617	646.1%	-£1,028,637	-271.1%	£601,341	114.1%	-£4,278,971	-479%	£1,128,948

Miscellaneous

	Date Of Accounts	31/12/14	(%)	31/12/13	(%)	31/12/12	(%)	31/01/12	(%)	31/01/11
	Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Capital Employed	£73,279,399	42.1%	£51,561,761	7.5%	£47,977,375	27%	£37,780,625	18.5%	£31,870,940
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Number of Employees	42	13.5%	37	-9.8%	41	-12.8%	47	113.6%	22
	Accountants
	Auditors	BLICK ROTHENBERG LLP
	Auditor Comments	The audit report contains no adverse comments
	Bankers	NATIONAL WESTMINSTER BANK PLC
	Bank Branch Code

Ratios

	Date Of Accounts	31/12/14	31/12/13	31/12/12	31/01/12	31/01/11
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Pre-tax profit margin %	12.09	9.05	17.51	17.91	16.21
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Current ratio	3.31	2.99	2.93	1.97	2.28
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Sales/Net Working Capital	0.90	0.88	1.06	1.26	1.12
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Gearing %	65.70	37.70	26.70	52.30	36.80
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Equity in %	51.80	62.80	62.70	52.60	56.70
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Creditor Days	49.58	42.54	66.08	75.58	96.31
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Debtor Days	34.78	48.48	53.28	78.48	35.83
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Liquidity/Acid Test	0.82	0.70	0.63	0.76	0.68
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Return On Capital Employed %	10.33	7.62	17.53	20.79	17.72
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Return On Total Assets Employed %	7.31	5.15	11.77	10.67	10.05
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Current Debt Ratio	0.56	0.52	0.53	0.94	0.76
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Total Debt Ratio	0.94	0.61	0.62	0.94	0.76
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Stock Turnover Ratio %	119.95	130.04	112.33	98.69	111.25
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\barchart-grey.png$	Return on Net Assets Employed %	14.21	8.32	19.16	20.79	17.72

Report Notes

There are no notes to display.

Status History

No Status History found

Event History

Date	Description
09/10/2015	New Accounts Filed
09/10/2015	New Accounts Filed
28/08/2015	Annual Returns
30/01/2015	Mr T.A. Shabib has left the board
06/08/2014	New Board Member Mr A. Abousaleh appointed
23/07/2014	New Accounts Filed
23/07/2014	New Accounts Filed
18/07/2014	Annual Returns
04/06/2014	New Board Member Mr T.A. Shabib appointed
04/06/2014	New Board Member Mr S.S. Strachan appointed
23/01/2014	Mr B.J. Saastad has left the board
09/10/2013	New Accounts Filed
09/10/2013	New Accounts Filed
09/09/2013	Annual Returns
10/11/2012	New Accounts Filed

Previous Company Names

Date	Previous Name
13/09/1991	DAVID MORRIS JEWELS INTERNATIONAL LIMITED
06/08/1991	DAVID MORRIS INTERNATIONAL LIMITED

Writ Details

No writs found

Statistics

Group	4 companies
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status	Wholly Owned
Ultimate Holding Company	WATERFLOW ENTERPRISES CORP

Group Structure Full

Company Name	Registered Number	Latest Key Financials	Consol. Accounts	Turnover
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\tminus.gif$ WATERFLOW ENTERPRISES CORP	N/A	-	-
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\tminus.gif$ DAVID MORRIS INTERNATI...	02630165	31.12.2014	Y	£62,638,820
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\T.gif$ DAVID MORRIS (MIDDLE...	06711798	31.12.2014	N
$Description: \\vivek-pc\123 Foreign Report Raw\DAVID MORRIS INTERNATIONAL LIMITED_files\L.gif$ ELMTOP LIMITED	04426670	31.12.2014	N

Mortgage Details

Mortgage Type:	ALL ASSETS DEBENTURE
Date Charge Created:	15/12/11
Date Charge Registered:	21/12/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	RBS INVOICE FINANCE LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
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:	INSURANCE ASSIGNMENT
Date Charge Created:	15/12/11
Date Charge Registered:	21/12/11
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	RBS INVOICE FINANCE LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING OR EVIDENCING THE CHARGE
Details:	THE POLICY AND ALL MONEY ASSURED BY OR TO BECOME PAYABLE SEE IMAGE FOR FULL DETAILS

Mortgage Type:	LEGAL MORTGAGE
Date Charge Created:	18/10/96
Date Charge Registered:	28/10/96
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	THE PROPERTY HEREINAFTER DESCRIBED AND THE PROCEEDS OF SALE THEREOF TOGETHER WITH A FLOATING CHARGEOVER ALL MOVEABLE PLANT MACHINERY IMPLEMENTS UTENSILS FURNITURE AND EQUIPMENT AT ANY TIME PLACED UPON OR USED IN OR ABOUT THE PROPERTY AND AN ASSIGNMENT OF THE GOODWILL AND CONNECTION OF ANY BUSINESSOR BUSINESSES FROM TIME TO TIME CARRIED ON IN OR UPON THE PROPERTY OR ANY PART OR PARTS THEREOF TOGETHER WITH THE FULL BENEFIT OF ALL LICENCES INCLUDING ANY REGISTRATIONS VIZ: L/H-180 NEW BOND STREETLONDON T/N-NGL684466
Mortgage Type:	MORTGAGE DEBENTURE
Date Charge Created:	29/11/94
Date Charge Registered:	05/12/94
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	NATIONAL WESTMINSTER BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	A SPECIFIC EQUITABLE CHARGE OVER ALL FREEHOLD AND LEASEHOLD PROPERTIES AND/OR THE PROCEEDS OF SALE THEREOF FIXED AND FLOATING CHARGES OVER UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS AND THE BENEFITS OF ANY LICENCES

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Richard Laurence Ashken	31	105
Richard Laurence Ashken	31	105
Suzette Morris	11	4
David Morris	8	3
Ian David Rosenberg	0	4
Yoshihiko Nagata	2	4
Geoffrey Wootton	1	12
Wataru Ohashi	0	3
Richard Leyens	3	2
Keiichiro Masuyama	0	4
Norio Nakahara	0	1
Hiroyuki Matsumoto	0	1
Koshi Yamaguchi	0	1
Kozo Obayashi	0	1
Andrew Morris	1	10
Naohiko Wakejima	0	2
Takashi Hukuda	0	1
Masaru M Janakay Tanaka	0	1
Rebecca Kate Simonds	5	3
Rebecca Kate Simonds	5	3
Simon Philip Bodle	0	2
Barclay Joel Saastad	0	7
Tareq Adnan Amin Shabib	0	1
Average Invoice Value		£148.90
Invoices available		81
Paid		81
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	40	29	8	2	2
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.66.42
UK Pound	1	Rs.99.17
Euro	1	Rs.72.14
GBP	1	Rs.98.78

Note : Above are approximate rates obtained from sources believed to be correct

INFORMATION DETAILS

Analysis Done by :	TRI

Report Prepared by :	TRU

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.