MIRA INFORM REPORT

 

 

Report No. :

354773

Report Date :

21.12.2015

 

IDENTIFICATION DETAILS

 

Name :

THE BRAND FORUM LTD

 

 

Registered Office :

109 Norton Green Lane, Knowle Solihull B93 8PJ

 

 

Country :

Great Britain (UK)

 

 

Financials (as on) :

30.09.2014

 

 

Date of Incorporation :

22.09.2008

 

 

Com. Reg. No.:

06703734

 

 

Legal Form :

Private Limited With Share Capital

 

 

Line of Business :

Agents involved in the sale of textiles, clothing, fur, footwear and leather goods

 

 

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 :

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)

Great Britain (UK)

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

GREAT BRITAIN (UK) - 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 summary

 

Registered Address

 

109 Norton Green Lane
Knowle
Solihull
B93 8PJ

Trading Address

 

109 Norton Green Lane
Knowle
Solihull
West Midlands
B93 8PJ

Website Address

 

--

Telephone Number

 

--

TPS

 

--

FPS

Yes

Incorporation Date

 

22/09/2008

 

Company Number

 

06703734

 

Previous Name

 

--

Type

 

Private limited with Share Capital

 

Date of Change

 

--

Filing Date of Accounts

 

30/01/2015

 

Currency

 

GBP

Share Capital

 

£100

 

SIC07

 

46160

 

Charity Number

 

--

SIC07 Description

 

Agents involved in the sale of textiles, clothing, fur, footwear and leather goods

Principal Activity

 

--

 

 

Key financials

 

Year to Date

Turnover

Pre Tax Profit

Shareholder

Funds Employees

 

30/09/2014

--

--

£560,263

 

--

30/09/2013

--

--

£395,422

 

--

30/09/2012

--

--

£284,278

 

--

 

 

Mortgage Summary

 

Total Mortgage              0

Outstanding                  0

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 Small company.

The latest Balance Sheet indicates a very positive net working capital position.

The latest cash balances represent a positive level in terms of the overall outstanding creditor obligations.

There has been an increase in shareholders funds compared with the previous balance sheet.

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

 

 

Current Directors

 

Title

Mr

Function

Director

Name

Alan Martin Strang

Nationality

British

Date of Birth

04/1958

Present Appointments

1

Latest Address

Lyncroft 109 Norton Green Lane, Knowle, Solihull, West Midlands

Appointment Date

22/09/2008

Post Code

B93 8PJ

 

 

Current Company Secretary

 

Title

Ms

Function

Company Secretary

Name

Katherine Margaret Ann Strang

Nationality

Date of Birth

-

Present Appointments

1

Latest Address

109 Norton Green Lane, Knowle, Solihull, West Midlands

Appointment Date

22/09/2008

Post Code

B93 8PJ

 

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

KATHERINE STRANG

GBP

50

ORDINARY

1

50

ALAN STRANG

GBP

50

ORDINARY

1

50

Profit & Loss

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

Weeks

52

(%)

52

(%)

52

(%)

52

(%)

52

Currency

GBP

(%)

GBP

(%)

GBP

(%)

GBP

(%)

GBP

Consolidated A/cs

N

(%)

N

(%)

N

(%)

N

(%)

N

barchart-grey

Turnover

-

-

-

-

-

-

-

-

-

barchart-grey

Export

-

-

-

-

-

-

-

-

-

barchart-grey

Cost of Sales

-

-

-

-

-

-

-

-

-

barchart-grey

Gross Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Wages & Salaries

-

-

-

-

-

-

-

-

-

barchart-grey

Directors Emoluments

-

-

-

-

-

-

-

-

-

barchart-grey

Operating Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Depreciation

£374

75.6%

£213

129%

£93

-

-

-

-

barchart-grey

Audit Fees

-

-

-

-

-

-

-

-

-

barchart-grey

Interest Payments

-

-

-

-

-

-

-

-

-

barchart-grey

Pre Tax Profit

-

-

-

-

-

-

-

-

-

barchart-grey

Taxation

-

-

-

-

-

-

-

-

-

barchart-grey

Profit After Tax

-

-

-

-

-

-

-

-

-

barchart-grey

Dividends Payable

-

-

-

-

-

-

-

-

-

barchart-grey

Retained Profit

-

-

-

-

-

-

-

-

-

 

 

Balance Sheet

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

barchart-grey

Tangible Assets

£1,120

0.7%

£1,112

7.6%

£1,033

-

0

-

0

barchart-grey

Intangible Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Fixed Assets

£1,120

0.7%

£1,112

7.6%

£1,033

-

0

-

0

barchart-grey

Stock

£92,903

95%

£47,649

381.4%

£9,897

-

0

-

0

barchart-grey

Trade Debtors

£305,986

68%

£182,124

-43.7%

£323,365

353.1%

£71,367

-10%

£79,319

barchart-grey

Cash

£435,863

7.9%

£403,872

157.7%

£156,721

-51.5%

£323,034

93.1%

£167,260

barchart-grey

Other Debtors

0

-

0

-

0

-

0

-

0

barchart-grey

Miscellaneous Current Assets

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Assets

£834,752

31.7%

£633,645

29.3%

£489,983

24.2%

£394,401

59.9%

£246,579

barchart-grey

Trade Creditors

£275,609

15.2%

£239,335

15.8%

£206,738

3.4%

£200,009

43.2%

£139,689

barchart-grey

Bank Loans & Overdrafts

0

-

0

-

0

-

0

-

0

barchart-grey

Other Short Term Finance

0

-

0

-

0

-

0

-

0

barchart-grey

Miscellaneous Current Liabilities

0

-

0

-

0

-

0

-

0

barchart-grey

Total Current Liabilities

£275,609

15.2%

£239,335

15.8%

£206,738

3.4%

£200,009

43.2%

£139,689

barchart-grey

Bank Loans & Overdrafts and LTL

0

-

0

-

0

-

0

-

0

barchart-grey

Other Long Term Finance

0

-

0

-

0

-

0

-

0

barchart-grey

Total Long Term Liabilities

0

-

0

-

0

-

0

-

0

.

 

Capital & Reserves

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

barchart-grey

Called Up Share Capital

£100

-

£100

-

£100

-

£100

-

£100

barchart-grey

P & L Account Reserve

£560,163

41.7%

£395,322

39.1%

£284,178

46.3%

£194,292

81.9%

£106,790

barchart-grey

Revaluation Reserve

-

-

-

-

-

-

-

-

-

barchart-grey

Sundry Reserves

-

-

-

-

-

-

-

-

-

barchart-grey

Shareholder Funds

£560,263

41.7%

£395,422

39.1%

£284,278

46.2%

£194,392

81.9%

£106,890

Other Financial Items

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

barchart-grey

Net Worth

£560,263

41.7%

£395,422

39.1%

£284,278

46.2%

£194,392

81.9%

£106,890

barchart-grey

Working Capital

£559,143

41.8%

£394,310

39.2%

£283,245

45.7%

£194,392

81.9%

£106,890

barchart-grey

Total Assets

£835,872

31.7%

£634,757

29.3%

£491,016

24.5%

£394,401

59.9%

£246,579

barchart-grey

Total Liabilities

£275,609

15.2%

£239,335

15.8%

£206,738

3.4%

£200,009

43.2%

£139,689

barchart-grey

Net Assets

£560,263

41.7%

£395,422

39.1%

£284,278

46.2%

£194,392

81.9%

£106,890

 

 

Cash Flow

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

barchart-grey

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

barchart-grey

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

barchart-grey

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

barchart-grey

Increase in Cash

-

-

-

-

-

-

-

-

-

 

 

Miscellaneous

 

Date Of Accounts

30/09/14

(%)

30/09/13

(%)

30/09/12

(%)

30/09/11

(%)

30/09/10

Contingent Liability

NO

-

NO

-

NO

-

NO

-

NO

barchart-grey

Capital Employed

£560,263

41.7%

£395,422

39.1%

£284,278

46.2%

£194,392

81.9%

£106,890

barchart-grey

Number of Employees

-

-

-

-

-

-

-

-

-

Accountants

HARBEN BARKER LIMITED

Auditors

Auditor Comments

The company is exempt from audit

Bankers

Bank Branch Code

 

 

Ratios

 

Date Of Accounts

30/09/14

30/09/13

30/09/12

30/09/11

30/09/10

barchart-grey

Pre-tax profit margin %

-

-

-

-

-

barchart-grey

Current ratio

3.03

2.65

2.37

1.97

1.77

barchart-grey

Sales/Net Working Capital

-

-

-

-

-

barchart-grey

Gearing %

0

0

0

0

0

barchart-grey

Equity in %

67

62.30

57.90

49.30

43.30

barchart-grey

Creditor Days

-

-

-

-

-

barchart-grey

Debtor Days

-

-

-

-

-

barchart-grey

Liquidity/Acid Test

2.69

2.44

2.32

1.97

1.76

barchart-grey

Return On Capital Employed %

-

-

-

-

-

barchart-grey

Return On Total Assets Employed %

-

-

-

-

-

barchart-grey

Current Debt Ratio

0.49

0.60

0.72

1.02

1.30

barchart-grey

Total Debt Ratio

0.49

0.60

0.72

1.02

1.30

barchart-grey

Stock Turnover Ratio %

-

-

-

-

-

barchart-grey

Return on Net Assets Employed %

-

-

-

-

-

 

 

Report Notes

 

There are no notes to display.

 

 

Status History

 

No Status History found

 

 

Event History

 

Date

Description

14/10/2015

Payment Data Update Recieved

09/10/2015

Annual Returns

14/02/2015

New Accounts Filed

24/10/2014

Annual Returns

31/05/2014

New Accounts Filed

15/10/2013

Annual Returns

30/04/2013

New Accounts Filed

20/10/2012

Annual Returns

28/01/2012

New Accounts Filed

05/11/2011

Annual Returns

25/05/2011

New Accounts Filed

19/11/2010

Annual Returns

22/06/2010

New Accounts Filed

15/10/2009

Annual Returns

30/09/2008

New Company Secretary Ms K.M. Strang appointed

 

 

Previous Company Names

 

No Previous Names found

 

 

Writ Details

 

No writs found

 

 

Statistics

 

Group

-

Linkages

0 companies

Countries

In 0 countries

 

 

Summary

 

Holding Company

-

Ownership Status

Ultimate Holding Company

-

 

 

Group StructureFull

 

No Group Structure

 

 

Previous Director / Company Secretaries

 

No Previous Director Details

 

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.0.015

 

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

TPT

 

               

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.