|
Report No. : |
303036 |
|
Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRAND ALLIANCE LIMITED |
|
|
|
|
Formerly Known As : |
· ARENA IMPORTS LIMITED ·
HANNAFORD AND HILLS LIMITED |
|
|
|
|
Registered Office : |
Alliance House
Honywood Business Park, Honywood Basildon Essex SS14 3HW |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
03.10.2008 |
|
|
|
|
Com. Reg. No.: |
06714552 |
|
|
|
|
Legal Form : |
Private Limited with Share Capital |
|
|
|
|
Line of Business : |
Wholesale of Textiles |
|
|
|
|
No. of Employees : |
Not Available |
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 – 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 |
|
BRAND ALLIANCE
LIMITED |
Telephone |
0844 493
5454 |
|
ALLIANCE
HOUSE |
Fax |
- |
|
HONYWOOD
BUSINESS PARK, HONYWOOD |
Website |
- |
|
BASILDON
ESSEX |
|
|
|
SS14 3HW,
UNITED KINGDOM |
|
|
|
Company
Number |
06714552 |
Status |
Active - Accounts Filed |
|
Foundation |
03/10/2008 |
VAT No.: |
N/A |
Comments
No exact match CCJs are recorded against the company. Net Worth
increased by 999.9% during the latest trading period. A 336.5% growth in Total Assets
occurred during the latest trading period. The company saw an increase in their
Cash Balance of 507.6% 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 was established over 6 years ago.
LEGAL FORM
Private limited with Share Capital
FOUNDATION
03/10/2008
COMPANY NO.
06714552
PREVIOUS NAMES
Date of Change Previous
Name
07/07/2009 ARENA
IMPORTS LIMITED
24/04/2009 HANNAFORD
AND HILLS LIMITED
SHAREHOLDERS
|
Name |
Currency |
Number of |
Share type |
Nominal value |
|
|
shares |
|
||
|
MR ADAM AARONS |
GBP |
2 |
ORDINARY |
1 |
|
MR KIRK HANNAFORD |
GBP |
19 |
ORDINARY |
1 |
|
MR SIMON HILLS |
GBP |
19 |
ORDINARY |
1 |
|
Total Share Capital |
|
|
|
GBP 40 |
MANAGEMENT
|
Directors |
||||
|
Name |
Address: |
Date of |
Nationality |
Appointment |
|
|
birth |
|
date |
|
|
Mr Simon Hills |
198 Ingrave Road, Brentwood, Essex |
03/03/1974 |
British |
03/10/2008 |
|
|
CM13 2AG |
|
||
|
Mr Kirk Hannaford |
71 Pound Lane, Bowers Gifford,
Essex |
15/06/1967 |
British |
03/10/2008 |
|
|
SS132HN |
|
||
|
Mr Adam Aarons |
1 Leamington Road, Hockley, Essex |
06/09/1973 |
British |
01/07/2009 |
|
|
SS5 5HH |
|
||
|
Company
Secretary |
||
|
Name |
Address: |
Appointment |
|
|
|
date |
|
Mr Kirk Hannaford |
71 Pound Lane, Bowers Gifford,
EssexSS13 2HN |
03/10/2008 |
OTHER KNOWN ADDRESSES
Alliance House, Honywood Business Park, Honywood Road, Basildon, Essex
SS14 3HW
Main Activity
SIC03 Wholesale of textiles
SIC07 Wholesale of textiles
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 |
|
18/05/2010 |
New Accounts Filed |
|
12/10/2010 |
Annual Returns |
|
29/07/2011 |
Change in Reg. Office |
|
29/07/2011 |
Change of Company Postcode |
|
28/10/2011 |
New Accounts Filed |
|
18/11/2011 |
Annual Returns |
|
03/10/2012 |
New Accounts Filed |
|
23/10/2012 |
Annual Returns |
|
28/09/2013 |
New Accounts Filed |
|
11/10/2013 |
Annual Returns |
|
27/09/2014 |
New Accounts Filed |
|
08/10/2014 |
Annual Returns |
MORTGAGES
|
Charge created |
01/07/2009 |
|
Charge registered |
14/07/2009 |
|
Status |
OUTSTANDING |
|
Entitled person |
BRAND ALLIANCE LIMITED (IN ADMINISTRATION) ACTING THROUGH ITS ADMIN- ISTRATORS |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY FORMERLY KNOWN AS ARENA IMPORTS LIMITED
TO THE CHARGEE UNDER
THE TERMSOF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
|
Mortgage detail |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UN- CALLED CAPITAL, BUILDINGS, FIXTURES, FIXED
PLANT AND MACHINERY SEE IM- AGEFOR
FULL DETAILS |
|
|
|
|
Charge created |
28/05/2010 |
|
Charge registered |
10/06/2010 |
|
Status |
OUTSTANDING |
|
Entitled person |
BARCLAYS BANK PLC |
|
Secured amount |
ALL MONIES
DUE OR TO BECOME
DUE FROM THE COMPANY
TO THE CHARGEE ON ANY ACCOUNT
WHATSOEVER |
|
Mortgage detail |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UN- CALLED CAPITAL, BUILDINGS, FIXTURES, FIXED
PLANT AND MACHINERY |
COUNTY COURT JUDGMENTS (CCJS)
There are no County
Court Judgments listed
against this company
PROFIT AND LOSS
|
|
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 |
|
Turnover |
0 |
0 |
0 |
0 |
|
Export |
- |
- |
- |
- |
|
Cost of Sales |
- |
- |
- |
- |
|
Gross Profit |
- |
- |
- |
- |
|
Wages And Salaries |
0 |
0 |
0 |
0 |
|
Directors Emoluments |
- |
- |
- |
- |
|
Operating Profit |
- |
- |
- |
- |
|
Depreciation |
23,529 |
36,215 |
30,535 |
18,583 |
|
Audit Fees |
0 |
0 |
0 |
0 |
|
Interests Payments |
- |
- |
- |
- |
|
Pre Tax Profit |
0 |
0 |
0 |
0 |
|
Taxation |
- |
- |
- |
- |
|
Profit After Tax |
- |
- |
- |
- |
|
Dividends Payable |
- |
- |
- |
- |
|
Retained Profit |
- |
- |
- |
- |
BALANCE SHEET
|
|
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 |
|
Tangible Assets |
27,843 |
46,834 |
74,572 |
36,252 |
|
Intangible Assets |
17,576 |
55,562 |
93,547 |
131,533 |
|
Total Fixed Assets |
45,419 |
102,396 |
168,119 |
167,785 |
|
Stock |
139,878 |
41,254 |
1,500 |
1,500 |
|
Trade Debtors |
3,100,347 |
640,898 |
688,982 |
1,479,436 |
|
Cash |
492,229 |
81,007 |
435,116 |
148,001 |
|
Other Debtors |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Assets |
0 |
0 |
0 |
0 |
|
Total Current Assets |
3,732,454 |
763,159 |
1,125,598 |
1,628,937 |
|
Trade Creditors |
3,609,393 |
801,763 |
915,352 |
1,285,726 |
|
Bank Loans and Overdraft |
0 |
0 |
0 |
0 |
|
Other Short Term Finance |
0 |
0 |
0 |
0 |
|
Miscellaneous Current Liabilities |
0 |
0 |
0 |
0 |
|
Total Current Liabilities |
3,609,393 |
801,763 |
915,352 |
1,285,726 |
|
Bank Loans and Overdrafts LTL |
0 |
0 |
286,253 |
400,921 |
|
Other Long Term Finance |
0 |
0 |
0 |
0 |
|
Total Long Term Liabilities |
0 |
0 |
286,253 |
400,921 |
CAPITAL & RESERVES
|
|
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 |
|
Called Up Share Capital |
40 |
40 |
40 |
40 |
|
P and L Account Reserve |
168,440 |
63,752 |
92,072 |
110,035 |
|
Revaluation Reserve |
0 |
0 |
0 |
0 |
|
Sundry Reserves |
0 |
0 |
0 |
0 |
|
Shareholders Funds |
168,480 |
63,792 |
92,112 |
110,075 |
OTHER FINANCIAL ITEMS
|
|
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 Worth |
150,904 |
8,230 |
-1,435 |
-21,458 |
|
Working Capital |
123,061 |
-38,604 |
210,246 |
343,211 |
|
Total Assets |
3,777,873 |
865,555 |
1,293,717 |
1,796,722 |
|
Total Liabilities |
3,609,393 |
801,763 |
1,201,605 |
1,686,647 |
|
Net Assets |
168,480 |
63,792 |
92,112 |
110,075 |
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 from Operations |
0 |
0 |
0 |
0 |
|
Net Cash Flow before Financing |
0 |
0 |
0 |
0 |
|
Net Cash Flow from Financing |
0 |
0 |
0 |
0 |
|
Increase in Cash |
411,222 |
-354,109 |
287,115 |
-37,966 |
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 |
168,480 |
63,792 |
378,365 |
510,996 |
FINANCIAL RATIOS
|
|
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 |
1.03 |
0.95 |
1.23 |
1.27 |
|
Sales or Networking Capital |
0.00 |
0.00 |
0.00 |
0.00 |
|
Gearing |
0.00 % |
0.00 % |
310.77% |
364.23 % |
|
Equity |
4.48 % |
7.88 % |
7.67 % |
6.61 % |
|
Creditor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Debtor Days |
0.00 |
0.00 |
0.00 |
0.00 |
|
Liquidity or Acid test |
0.99 |
0.90 |
1.22 |
1.26 |
|
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 |
21.42% |
12.56% |
9.93 % |
11.68 % |
|
Total Debt Ratio |
21.42% |
12.56% |
13.04% |
15.32% |
|
Stock Turnover Ratio |
0.0% |
0.0% |
0.0% |
0.0% |
|
Return on Net Assets Employed |
0.0% |
0.0% |
0.0% |
0.0% |
Only abbreviated
financial statement has been filed. In 2013 Post Appropriation profit amounted to
GBP 104,688 (2012 Loss GBP 28,320). The general financial position seems to be
in order and good reserves are being built up. Remains to be seen how it
further performed in 2014. We have been unable to interview anyone from this
company to confirm up to date details.
Activity: Fashion consultants
Trading Address: Unit 1, Honywood Business Park, Honywood Road,
Basildon, Essex SS14 3HW
Branches: None
Employees: Few staff
Bank: Barclays Bank PLC
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.94.10 |
|
Euro |
1 |
Rs.73.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.