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Report No. : |
302376 |
|
Report Date : |
07.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
L S & L DRAPERS LIMITED |
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|
|
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Registered Office : |
103 Belgrave Road, Leicester, Leicestershire, Le4 6as |
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|
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Country : |
United Kingdom |
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Financials (as on) : |
31.12.2013 |
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Date of Incorporation : |
20.11.2003 |
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Com. Reg. No.: |
04970491 |
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Legal Form : |
Private Limited With Share Capital |
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Line of Business : |
Engaged as Retail
sale of clothing such as Churidars Suits, Sarees, Salwar Suit, Tunic (Kurtis), Straight Suits,
Churidar Suits, Kurta Pyjama & Sherwani Suits for Women’s & men’s |
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|
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No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to part any information from the company management.] |
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 : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
L S & L DRAPERS LIMITED
103 BELGRAVE ROAD
LEICESTER
LEICESTERSHIRE
LE4 6AS
United Kingdom
Telephone +44 011 6222 9470
Website www.ladleedirect.co.uk
04970491
Active - Accounts Filed
20/11/2003
No exact match CCJs are recorded against the company. The company’s
credit rating has increased from 76 to 90 which indicates very good
creditworthiness. Net Worth increased by 25.2% during the latest trading
period. A 42.6% growth in Total Assets occurred during the latest trading
period. The company saw an increase in their Cash Balance of 110.6% during the
latest trading period. The movement in accumulated earnings would indicate that
the company made a profit after tax and other appropriations, including
dividends.
There is insufficient data to indicate a change in this company’s
percentage of sales. There is insufficient data to indicate a change in this
company’s pre-tax profit. The company is exempt from audit. No recent changes
in directorship are recorded. The company is not part of a group. The company
has changed its registered address recently. The company was established over
11 years ago.
Private limited with Share Capital
20/11/2003
04970491
|
Name |
Currency |
Number of shares |
Share type |
Nominal value |
|
MR MAHESH MAGANLAL THAKRAR |
GBP |
50 |
ORDINARY |
1 |
|
MRS KIRAN THAKRAR |
GBP |
50 |
ORDINARY |
1 |
|
Total Share Capital |
GBP 100 |
|||
|
Directors |
||||
|
Name |
Address: |
Date of birth |
Nationality |
Appointment date |
|
Mr Mahesh Maganlal Thakrar |
103 Belgrave Road, Leicester,
Leicestershire LE4 6AS |
02/06/1968 |
Indian |
22/11/2003 |
|
Company
Secretary |
||
|
Name |
Address: |
Appointment date |
|
Mr Kiran Thakrar |
103 Belgrave Road, Leicester,
Leicestershire LE4 6AS |
22/11/2003 |
|
Other Known
Addresses |
|
103 Belgrave Road, Leicester,
Leicestershire LE4 6AS |
|
Main activity |
|
|
Principal Activity |
Engaged as Retail sale of clothing such as Churidars Suits, Sarees, Salwar Suit, Tunic (Kurtis), Straight Suits, Churidar Suits, Kurta Pyjama & Sherwani Suits for Women’s & men’s |
|
Turnover and Employees |
||
|
Date of Accounts |
Turnover |
Employees |
|
31/12/2011 |
Not Stated |
Not Stated |
|
31/12/2012 |
Not Stated |
Not Stated |
|
31/12/2013 |
Not Stated |
Not Stated |
|
Events |
|
|
Company history |
|
|
Date |
Action |
|
02/10/2010 |
New Accounts Filed |
|
08/12/2010 |
Annual Returns |
|
27/09/2011 |
New Accounts Filed |
|
09/12/2011 |
Annual Returns |
|
10/12/2011 |
Annual Returns |
|
01/09/2012 |
New Accounts Filed |
|
03/12/2012 |
Annual Returns |
|
13/08/2013 |
New Accounts Filed |
|
13/08/2013 |
Change in Reg.Office |
|
27/11/2013 |
Annual Returns |
|
29/09/2014 |
New Accounts Filed |
|
09/12/2014 |
Annual Returns |
|
County Court
Judgments (CCJs) |
|
|
There are no County Court Judgments listed
against this company |
|
Profit &
Loss |
||||
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Depreciation |
12,255 |
12,073 |
6,161 |
5,515 |
Balance Sheet
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Tangible Assets |
42,729 |
53,167 |
6,132 |
5,837 |
|
Total Fixed Assets |
42,729 |
53,167 |
6,132 |
5,837 |
|
Stock |
34,675 |
46,850 |
37,750 |
60,450 |
|
Trade Debtors |
0 |
8,212 |
124,874 |
22,552 |
|
Cash |
238,078 |
113,029 |
52,437 |
118,857 |
|
Total Current Assets |
272,753 |
168,091 |
215,061 |
201,859 |
|
Trade Creditors |
172,775 |
105,835 |
116,398 |
107,421 |
|
Total Current
Liabilities |
172,775 |
105,835 |
116,398 |
107,421 |
|
Bank Loans and Overdrafts LTL |
1,913 |
2,962 |
453 |
1,650 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
1,913 |
2,962 |
453 |
1,650 |
|
Capital &
Reserves |
||||
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Called Up Share Capital |
100 |
100 |
100 |
100 |
|
P and L Account Reserve |
140,694 |
112,361 |
104,242 |
98,525 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
140,794 |
112,461 |
104,342 |
98,625 |
Other Financial
Items
|
|
31/12/2013 52 GBP Group: No |
31/12/2012 52 GBP Group: No |
31/12/2011 52 GBP Group: No |
31/12/2010 52 GBP Group: No |
|
Net Worth |
140,794 |
112,461 |
104,342 |
98,625 |
|
Working Capital |
99,978 |
62,256 |
98,663 |
94,438 |
|
Total Assets |
315,482 |
221,258 |
221,193 |
207,696 |
|
Total Liabilities |
174,688 |
108,797 |
116,851 |
109,071 |
|
Net Assets |
140,794 |
112,461 |
104,342 |
98,625 |
Cash Flow
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
125,049 |
60,592 |
-66,420 |
-17,390 |
Miscellaneous
|
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
|
52 |
52 |
52 |
52 |
|
|
GBP |
GBP |
GBP |
GBP |
|
|
Group: No |
Group: No |
Group: No |
Group: No |
|
Capital Employed |
142,707 |
115,423 |
104,795 |
100,275 |
Financial Ratios
|
Name |
31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
|
Pre Tax Profit Margin |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Ration |
1.58 |
1.59 |
1.85 |
1.88 |
|
Sales or Net Working Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
1.36 % |
2.63 % |
0.43 % |
1.67% |
|
Equity |
44.63 % |
50.83 % |
47.17% |
47.49 % |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity or Acid test |
1.37 |
1.14 |
1.52 |
1.31 |
|
Return on Capital Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Total Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
|
Current Debt Ratio |
1.22 % |
0.94 % |
1.11 % |
1.08% |
|
Total Debt Ratio |
1.24 % |
0.96 % |
1.11 % |
1.10% |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
UK Pound |
1 |
Rs.96.72 |
|
Euro |
1 |
Rs.75.80 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.