MIRA INFORM REPORT

 

 

Report No. :

356934

Report Date :

26.12.2015

 

IDENTIFICATION DETAILS

 

Name :

JANE NORMAN INTERNATIONAL LIMITED

 

 

Registered Office :

C/O June Carruthers ,The Edinburgh Woollen Mill Limit, Averley Mills Langholm DG13 0EB

 

 

Country :

United Kingdom

 

 

Financials (as on) :

28.02.2015

 

 

Date of Incorporation :

28.03.2014

 

 

Com. Reg. No.:

SC473798

 

 

Legal Form :

Private limited with Share Capital

 

 

Line of Business :

Retail Sale of Clothing in Specialised Stores

 

 

Employees:

74

 

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 – 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 and address

 

Company Name:           JANE NORMAN INTERNATIONAL LIMITED

Company No:                SC473798

Company Status:          Active - Accounts Filed

Registered Address:      THE EDINBURGH WOOLLEN MILL LIMIT WAVERLEY MILLS LANGHOLM DG13 0EB

 

 

Company Summary

 

Registered Address

C/O JUNE CARRUTHERS
THE EDINBURGH WOOLLEN MILL LIMIT
WAVERLEY MILLS
LANGHOLM
DG13 0EB

 

Trading Address

Waverley Mills
Langholm
Dumfriesshire
DG13 0EB

Website Address

http://www.ewm.co.uk

 

 

Telephone Number        -

 

TPS                              -

FPS                              Yes

Incorporation Date         28/03/2014

 

Type                             Private limited with Share Capital

 

FTSE Index                   -

Date of Change             -

Filing Date of Accounts 09/12/2015

Currency                       GBP

Share Capital                £2

SIC07                           47710

Charity Number             -

SIC07 Description         RETAIL SALE OF CLOTHING IN SPECIALISED STORES

Principal Activity           Retailing of clothing.

 

 

Key Financials

 

Year to Date     Turnover          Pre Tax Profit               Shareholder     Funds Employees

28/02/2015        £7,571,000        £38,000                         £409,000           74

-                       -                       -                                   -                       -

-                       -                       -                                   -                       -

 

 

Mortgage Summary

 

Total Mortgage              2

Outstanding                  2

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 Medium company in respect of the rating/limit generated.

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

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

This company has made late payments on a high percentage of invoices.

The company has more cash than short term bank borrowings.

This company trades in an industry with a higher 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

0

 

 

Current Directors

 

Title

Mr

Function

Director

Name

Philip Edward Day

Nationality

British

Date of Birth

10/1965

Present Appointments

24

Latest Address

The Edinburgh Woollen Mill Limited Waverley Mills, Langholm, Dumfriesshire

Appointment Date

17/06/2014

Post Code

DG13 0EB

Title

Mr

Function

Director

Name

David Oliver Houston

Nationality

British

Date of Birth

04/1953

Present Appointments

75

Latest Address

The Edinburgh Woollen Mill Limited Waverley Mills, Langholm, Dumfriesshire

Appointment Date

17/06/2014

Post Code

DG13 0EB

 

Title

Mrs

Function

Director

Name

Carmel Leigh

Nationality

British

Date of Birth

10/1962

Present Appointments

8

Latest Address

The Edinburgh Woollen Mill Limited Waverley Mills, Langholm, Dumfriesshire

Appointment Date

17/06/2014

Post Code

DG13 0EB

Title

Mr

Function

Director

Name

John Anthony Herring

Nationality

British

Date of Birth

11/1957

Present Appointments

29

Latest Address

The Edinburgh Woollen Mill Limited Waverley Mills, Langholm, Dumfriesshire

Appointment Date

17/06/2014

Post Code

DG13 0EB

 

Title

Mr

Function

Director

Name

Kristian Brian Lee

Nationality

British

Date of Birth

05/1974

Present Appointments

74

Latest Address

Waverley Mills, Langholm, Dumfriesshire

Appointment Date

28/03/2014

Post Code

DG13 0EB

Title

Mr

Function

Director

Name

Stephen Robert Simpson

Nationality

British

Date of Birth

08/1968

Present Appointments

6

Latest Address

The Edinburgh Woollen Mill Limited Waverley Mills, Langholm, Dumfriesshire

Appointment Date

01/09/2015

Post Code

DG13 0EB

 

Current Company Secretary

 

Title

Ms

Function

Company Secretary

Name

June Carruthers

Nationality

Date of Birth

-

Present Appointments

1

Latest Address

Waverley Mills, Langholm, Dumfriesshire

Appointment Date

28/03/2014

Post Code

DG13 0EB

 

Top 20 Shareholders

 

Name

Currency

Share Count

Share Type

Nominal Value

% of Total Share Count

EWM (2011) LTD

GBP

2

ORDINARY

1

100

 

 

Financials

 

Profit & Loss

Date Of Accounts

28/02/15

(%)

-

(%)

-

(%)

-

(%)

-

Weeks

52

(%)

-

(%)

-

(%)

-

(%)

-

Currency

GBP

(%)

-

(%)

-

(%)

-

(%)

-

Consolidated A/cs

N

(%)

-

(%)

-

(%)

-

(%)

-

Turnover

£7,571,000

-

-

-

-

-

-

-

-

Export

£4,243,000

-

-

-

-

-

-

-

-

Cost of Sales

£6,586,000

-

-

-

-

-

-

-

-

Gross Profit

£985,000

-

-

-

-

-

-

-

-

Wages & Salaries

£1,332,000

-

-

-

-

-

-

-

-

Directors Emoluments

-

-

-

-

-

-

-

-

-

Operating Profit

£37,000

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

Audit Fees

£4,000

-

-

-

-

-

-

-

-

Interest Payments

-

-

-

-

-

-

-

-

-

Pre Tax Profit

£38,000

-

-

-

-

-

-

-

-

Taxation

£371,000

-

-

-

-

-

-

-

-

Profit After Tax

£409,000

-

-

-

-

-

-

-

-

Dividends Payable

-

-

-

-

-

-

-

-

-

Retained Profit

£409,000

-

-

-

-

-

-

-

-

Balance Sheet

Date Of Accounts

28/02/15

(%)

-

(%)

-

(%)

-

(%)

-

Tangible Assets

£12,000

-

-

-

-

-

-

-

-

Intangible Assets

£48,000

-

-

-

-

-

-

-

-

Total Fixed Assets

£60,000

-

-

-

-

-

-

-

-

Stock

£1,463,000

-

-

-

-

-

-

-

-

Trade Debtors

£1,111,000

-

-

-

-

-

-

-

-

Cash

£205,000

-

-

-

-

-

-

-

-

Other Debtors

£1,038,000

-

-

-

-

-

-

-

-

Miscellaneous Current Assets

0

-

-

-

-

-

-

-

-

Total Current Assets

£3,817,000

-

-

-

-

-

-

-

-

Trade Creditors

£1,735,000

-

-

-

-

-

-

-

-

Bank Loans & Overdrafts

0

-

-

-

-

-

-

-

-

Other Short Term Finance

£1,383,000

-

-

-

-

-

-

-

-

Miscellaneous Current Liabilities

£350,000

-

-

-

-

-

-

-

-

Total Current Liabilities

£3,468,000

-

-

-

-

-

-

-

-

Bank Loans & Overdrafts and LTL

0

-

-

-

-

-

-

-

-

Other Long Term Finance

0

-

-

-

-

-

-

-

-

Total Long Term Liabilities

0

-

-

-

-

-

-

-

-

.

Capital & Reserves

Date Of Accounts

28/02/15

(%)

-

(%)

-

(%)

-

(%)

-

Called Up Share Capital

-

-

-

-

-

-

-

-

-

P & L Account Reserve

£409,000

-

-

-

-

-

-

-

-

Revaluation Reserve

-

-

-

-

-

-

-

-

-

Sundry Reserves

-

-

-

-

-

-

-

-

-

Shareholder Funds

£409,000

-

-

-

-

-

-

-

-

Other Financial Items

Date Of Accounts

28/02/15

(%)

-

(%)

-

(%)

-

(%)

-

Net Worth

£361,000

-

-

-

-

-

-

-

-

Working Capital

£349,000

-

-

-

-

-

-

-

-

Total Assets

£3,877,000

-

-

-

-

-

-

-

-

Total Liabilities

£3,468,000

-

-

-

-

-

-

-

-

Net Assets

£409,000

-

-

-

-

-

-

-

-

Cash Flow

Date Of Accounts

28/02/15

(%)

-

(%)

-

(%)

-

(%)

-

Net Cashflow from Operations

-

-

-

-

-

-

-

-

-

Net Cashflow before Financing

-

-

-

-

-

-

-

-

-

Net Cashflow from Financing

-

-

-

-

-

-

-

-

-

Increase in Cash

-

-

-

-

-

-

-

-

-

Miscellaneous

Date Of Accounts

28/02/15

(%)

-

(%)

-

(%)

-

(%)

-

Contingent Liability

YES

-

-

-

-

-

-

-

-

Capital Employed

£409,000

-

-

-

-

-

-

-

-

Number of Employees

74

-

-

-

-

-

-

-

-

Accountants

Auditors

KPMG LLP

Auditor Comments

The audit report contains no adverse comments

Bankers

BARCLAYS BANK PLC

Bank Branch Code

20-48-46

Ratios

Date Of Accounts

28/02/15

-

-

-

-

Pre-tax profit margin %

0.50

-

-

-

-

Current ratio

1.10

-

-

-

-

Sales/Net Working Capital

21.69

-

-

-

-

Gearing %

0

-

-

-

-

Equity in %

10.70

-

-

-

-

Creditor Days

83.41

-

-

-

-

Debtor Days

53.41

-

-

-

-

Liquidity/Acid Test

0.67

-

-

-

-

Return On Capital Employed %

9.29

-

-

-

-

Return On Total Assets Employed %

0.98

-

-

-

-

Current Debt Ratio

8.47

-

-

-

-

Total Debt Ratio

8.47

-

-

-

-

Stock Turnover Ratio %

19.32

-

-

-

-

Return on Net Assets Employed %

9.29

-

-

-

-

 

Report Notes

There are no notes to display.

 

Status History

No Status History found

 

*Event History

Date

Description

14/12/2015

New Accounts Filed

03/09/2015

New Board Member Mr S.R. Simpson appointed

18/05/2015

Annual Returns

16/10/2014

Change in Reg.Office

02/07/2014

New Board Member Mr J.A. Herring appointed

02/07/2014

New Board Member Mrs C. Leigh appointed

02/07/2014

New Board Member Mr D.O. Houston appointed

02/07/2014

New Board Member Mr P.E. Day appointed

25/06/2014

New Board Member Mr J.A. Herring appointed

25/06/2014

New Board Member Mr P. Day appointed

25/06/2014

New Board Member Mr D.O. Houston appointed

25/06/2014

New Board Member Mrs C. Leigh appointed

01/04/2014

New Company Secretary Ms J. Carruthers appointed

01/04/2014

New Board Member Mr K.B. Lee appointed

 

Previous Company Names

No Previous Names found

 

Writ Details

No writs found

 

Statistics

Group

67 companies

Linkages

0 companies

Countries

In 0 countries

 

Summary

Holding Company

EWM (2011) LIMITED

Ownership Status

Wholly Owned

Ultimate Holding Company

THE EDINBURGH WOOLLEN MILL (GROUP) LIMITED

 

 

Group Structure Full

 

Company Name

Registered Number

Latest Key Financials

Consol. Accounts

Turnover

THE EDINBURGH WOOLLEN MI...

 

SC307281

28.02.2015

Y

£562,596,000

EWM (2011) LIMITED

 

SC396749

28.02.2015

N

JANE NORMAN INTERNAT...

 

SC473798

28.02.2015

N

£7,571,000

EQUORIUM PROPERTY CO...

 

SC118794

28.02.2015

N

£3,358,000

EDMOND CASTLE PROP...

 

SC460765

28.02.2015

N

EWM INVESTCO LIMITED

 

SC465467

28.02.2015

N

£8,000

GELTBRIDGE LAND LI...

 

07595712

28.02.2015

N

JANE NORMAN LIMITED

 

SC392903

02.03.2013

N

£51,239,000

EWM (TOPCO) LIMITED

 

04542352

28.02.2015

N

DUVETCO LIMITED

 

SC346445

28.02.2015

N

£26,294,000

EWM (EBT) TRUSTEES L...

 

04425878

28.02.2015

N

EDINBURGH WOOLLEN MI...

 

SC024081

28.02.2015

N

£166,230,000

JAMES PRINGLE TEXT...

 

SC079554

28.02.2015

N

THE SWEATER SHOP L...

 

SC248159

28.02.2015

N

ANTARTEX LIMITED

 

SC071934

28.02.2015

N

CLAN CENTRE LIMITED

 

SC113050

28.02.2015

N

THE COUNTRY TRADER...

 

SC127204

28.02.2015

N

CRAFTCENTRE CYMRU...

 

00621843

28.02.2015

N

CRAFTCENTRE CYMRU...

 

00855603

28.02.2015

N

CRAFTCENTRE CYMRU...

 

01187434

28.02.2015

N

THE EDINBURGH SWEA...

 

SC139176

28.02.2015

N

EDINGLEN LIMITED

 

SC109508

28.02.2015

N

EQUORIAN LIMITED

 

SC104485

28.02.2015

N

GLENEAGLES CASHMER...

 

SC105231

28.02.2015

N

GLENEAGLES OF SCOT...

 

SC031532

28.02.2015

N

GLENEAGLES WOOLLEN...

 

SC105042

28.02.2015

N

THE GOLF COMPANY (...

 

SC156609

28.02.2015

N

THE GOLF SHOP LIMITED

 

SC159107

28.02.2015

N

GRAMPIAN WOOLLEN M...

 

SC121259

28.02.2015

N

JAMES PRINGLE LIM...

 

SC017963

28.02.2015

N

CLAN TARTAN CEN...

 

SC063003

28.02.2015

N

JAMES PRINGLE L...

 

02119792

28.02.2015

N

JAMES PRINGLE W...

 

SC083276

28.02.2015

N

SKYE WOOLLEN MI...

 

SC080601

28.02.2015

N

HOUSE OF GLENEAGLE...

 

SC055919

28.02.2015

N

LANGCO LIMITED

 

SC118796

28.02.2015

N

LLANFAIRPWLLGWYNGY...

 

SC097057

28.02.2015

N

MACDONALDS OF OBAN...

 

SC024542

28.02.2015

N

MAIRI MACINTYRE (S...

 

00504655

28.02.2015

N

THE MILLSHOP LIMITED

 

SC005530

28.02.2015

N

CLAN ROYAL OF SCO...

 

00552110

28.02.2015

N

HIGHLAND HOME IND...

 

SC059231

28.02.2015

N

MOFFAT WOOLLENS LI...

 

00360513

28.02.2015

N

PITLOCHRY KNITWEAR...

 

SC055476

28.02.2015

N

JAMES PRINGLE OF I...

 

SC174064

28.02.2015

N

JAMES PRINGLE WEAV...

 

SC174065

28.02.2015

N

SCOTTISH WOOLLENS...

 

SC109825

28.02.2015

N

THE SWEATER COMPAN...

 

SC109824

28.02.2015

N

TARTAN CENTRE LIMITED

 

SC112678

28.02.2015

N

THE WOOLLEN MILL (...

 

SC153052

28.02.2015

N

THE WOOLLEN MILL L...

 

SC153051

28.02.2015

N

EWM (FINANCIAL SERVI...

 

SC139175

28.02.2015

N

EWM GROUP LIMITED

 

04144788

28.02.2015

N

EWM HOLDINGS LIMITED

 

04144774

28.02.2015

N

PEACOCKS STORES LIMITED

 

SC285031

28.02.2015

N

£351,680,000

PROQUIP HOLDINGS LIM...

 

SC241463

28.02.2015

N

PROQUIP LIMITED

 

SC241464

28.02.2015

N

£2,975,000

PROQUIP IP LIMITED

 

SC241465

28.02.2015

N

SKY BORDER LOGISTICS...

 

SC361501

28.02.2015

N

£391,000

THE GIBSON GROUP (SC...

 

SC141199

28.02.2015

N

THE CASHMERE COMPA...

 

SC148569

28.02.2015

N

ST. ANDREWS SPORTS...

 

SC156996

28.02.2015

N

GIBSON & LUMGAIR (...

 

SC028771

28.02.2015

N

PRIORY KNITWEAR LI...

 

02778150

28.02.2015

N

RANDOTTE PLACE LIM...

 

SC151264

28.02.2015

N

ROMANES & PATERSON...

 

SC126056

28.02.2015

N

HAYTON GAME LIMITED

 

07687988

28.02.2015

N

£202,000

 

 

Mortgage Details

 

Mortgage Type:

Date Charge Created:

16/04/15

Date Charge Registered:

24/04/15

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

THE EDINBURGH WOOLLEN MILL (GROUP) LIMITED;

Amount Secured:

Details:

CONTAINS FLOATING CHARGE.FLOATING CHARGE COVERS ALL THE PROPERTY OR UNDERTAKINGOF THE COMPANY.CONTAINS NEGATIVE PLEDGE.

Mortgage Type:

Date Charge Created:

16/04/15

Date Charge Registered:

24/04/15

Date Charge Satisfied:

-

Status:

OUTSTANDING

Person(s) Entitled:

THE EDINBURGH WOOLLEN MILL (GROUP) LIMITED;

Amount Secured:

Details:

CONTAINS FIXED CHARGE.CONTAINS FLOATINGCHARGE.CONTAINS NEGATIVE PLEDGE.

 

 

Previous Director/Company Secretaries

 

No Previous Director Details

Average Invoice Value

£500.61

Invoices available

23

Paid

23

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

1

14

7

1

0

Outstanding

0

0

0

0

0

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.20

UK Pound

1

Rs.98.30

Euro

1

Rs.72.41

GBP

1

Rs.98.08

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

 

INFORMATION DETAILS

 

Analysis Done by :

KIN

 

 

Report Prepared by :

SDA

 

 

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

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NB

                                       New Business

 

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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.