MIRA INFORM REPORT

Report No. :	329269
Report Date :	27.06.2015

IDENTIFICATION DETAILS

Name :	JERMYN STREET DESIGN LIMITED
Formerly Known As :	JERMYN STREET PROMOTIONS LIMITED
Registered Office :	34 Galena Road London W6 0LT
Country :	United Kingdom
Financials (as on) :	31.03.2014
Date of Incorporation :	03.06.1981
Legal Form :	Private limited with Share Capital
Line of Business :	Subject is designers and manufacturers of uniforms and promotional clothing
No. of Employee :	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 :	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	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 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. 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 5.8% in 2013. 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). In 2012, weak consumer spending and subdued business investment weighed on the economy, however, in 2013 GDP grew 1.8%, accelerating unexpectedly because of greater consumer spending and a recovering housing market.

Source : CIA

Company Name

JERMYN STREET DESIGN LIMITED

Registered Address

34 GALENA ROAD LONDON W6 0LT

Company Summary

Registered Address

34 GALENA ROAD
LONDON
W6 0LT

Trading Address

34 Galena Road
London
W6 0LT

Website Address http://www.jsd.co.uk

Telephone Number 02085635000

Fax Number

TPS No

FPS No

Incorporation Date 03/06/1981

Previous Name JERMYN STREET PROMOTIONS LIMITED

Type Private limited with Share Capital

FTSE Index -

Date of Change 19/02/2013

Filing Date of Accounts 23/12/2014

Currency GBP

Share Capital £95

SIC07 96090

Charity Number -

SIC07 Description OTHER SERVICE ACTIVITIES N.E.C.

Principal Activity Designers and manufacturers of uniforms and promotional clothing.

Key Financials

Year to Date Turnover Pre Tax Profit Shareholder Funds Employees

31/03/2014 - - £818,375 -

31/03/2013 - - £701,074 -

31/03/2012 - - £497,659 -

Mortgage Summary

Total Mortgage 5

Outstanding 5

Satisfied 0

Trade Debtors / Bad Debt Summary

Total Number of Documented Trade 1

Total Value of Documented Trade £1,370

Last 3 Years Credit Rating/Limit

Date	Rating	Limit
31/12/2014	73	£75,000
31/12/2013	76	£25,500
31/12/2012	76	£25,500

Commentary

This company has been treated as a Small company in respect of the rating/limit generated.

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

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.

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 -	-

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Total Current Directors	3
Total Current Secretaries	1
Total Previous Directors / Company Secretaries	5

Current Directors

Name	Vincent Ashe	Date of Birth	02/10/1954
Officers Title	Mr	Nationality	British
Present Appointments	16	Function	Director
Appointment Date	01/09/2011
Address	Woodside Farm Lane, Ashtead, Surrey, KT21 1LR
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Andrew Frederic De Paula Malim	Date of Birth	11/06/1943
Officers Title	Mr	Nationality	British
Present Appointments	20	Function	Director
Appointment Date	17/11/1998
Address	7 Ovington Street, London, SW3 2JA
Disqualified		Disqualified End Date
Disqualification Exception	No

Name	Susanne Jill Malim	Date of Birth	02/04/1951
Officers Title	Ms	Nationality	British
Present Appointments	10	Function	Director
Appointment Date	31/12/1990
Address	7 Ovington Street, London, SW3 2JA
Disqualified		Disqualified End Date
Disqualification Exception	No

Current Company Secretary

Name	Susanne Jill Malim	Date of Birth	02/04/1951
Officers Title	Ms	Nationality	British
Present Appointments	10	Function	Company Secretary
Appointment Date	07/06/1994
Address	7 Ovington Street, London, SW3 2JA
Other Actions		View Consumer Report	View Trace Report
Disqualified		Disqualified End Date
Disqualification Exception	No

Top 20 Shareholders

Name	Currency	Share Count	Share Type	Nominal Value	% of Total Share Count
SUSANNE JILL ROYCE MALIM	GBP	95	ORDINARY	1	100

Profit & Loss

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Weeks	52	(%)	52	(%)	52	(%)	52	(%)	52
Currency	GBP	(%)	GBP	(%)	GBP	(%)	GBP	(%)	GBP
Consolidated A/cs	N	(%)	N	(%)	N	(%)	N	(%)	N
Turnover	-	-	-	-	-	-	-	-	-
Export	-	-	-	-	-	-	-	-	-
Cost of Sales	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-
Wages & Salaries	-	-	-	-	-	-	-	-	-
Directors Emoluments	-	-	-	-	-	-	-	-	-
Operating Profit	-	-	-	-	-	-	-	-	-
Depreciation	£87,311	423.6%	£16,676	-18.3%	£20,423	1.9%	£20,051	-53.1%	£42,764
Audit Fees	-	-	-	-	-	-	-	-	-
Interest Payments	-	-	-	-	-	-	-	-	-
Pre Tax Profit	-	-	-	-	-	-	-	-	-
Taxation	-	-	-	-	-	-	-	-	-
Profit After Tax	-	-	-	-	-	-	-	-	-
Dividends Payable	-	-	-	-	-	-	-	-	-
Retained Profit	-	-	-	-	-	-	-	-	-

Balance Sheet

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Tangible Assets	£368,963	30.4%	£283,029	56.6%	£180,764	5%	£172,211	54%	£111,848
Intangible Assets	0	-	0	-	0	-	0	-	0
Total Fixed Assets	£368,963	30.4%	£283,029	56.6%	£180,764	5%	£172,211	54%	£111,848
Stock	£260,588	-37.7%	£418,181	0.3%	£416,994	47.5%	£282,700	62.5%	£173,935
Trade Debtors	£1,501,071	29.3%	£1,160,911	-0.1%	£1,162,245	71.3%	£678,459	11.4%	£609,178
Cash	£313,070	-67.5%	£963,173	999.9%	£53,864	-48.9%	£105,360	-72.2%	£378,438
Other Debtors	0	-	0	-	0	-	0	-	0
Miscellaneous Current Assets	0	-	0	-	0	-	0	-	0
Total Current Assets	£2,074,729	-18.4%	£2,542,265	55.7%	£1,633,103	53.1%	£1,066,519	-8.2%	£1,161,551
Trade Creditors	£1,564,635	-24.7%	£2,079,220	58%	£1,316,208	53.3%	£858,424	-4%	£893,791
Bank Loans & Overdrafts	0	-	0	-	0	-	0	-	0
Other Short Term Finance	0	-	0	-	0	-	0	-	0
Miscellaneous Current Liabilities	0	-	0	-	0	-	0	-	0
Total Current Liabilities	£1,564,635	-24.7%	£2,079,220	58%	£1,316,208	53.3%	£858,424	-4%	£893,791
Bank Loans & Overdrafts and LTL	£60,682	34.8%	£45,000	-	0	-	0	-	0
Other Long Term Finance	0	-	0	-	0	-	0	-	0
Total Long Term Liabilities	£60,682	34.8%	£45,000	-	0	-	0	-	0

.

Capital & Reserves

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Called Up Share Capital	£95	-	£95	-	£95	-	£95	-5.9%	£101
P & L Account Reserve	£818,249	16.7%	£700,948	40.9%	£497,533	30.9%	£380,180	0.2%	£379,482
Revaluation Reserve	-	-	-	-	-	-	-	-	-
Sundry Reserves	£31	-	£31	-	£31	-	£31	24%	£25
Shareholder Funds	£818,375	16.7%	£701,074	40.9%	£497,659	30.9%	£380,306	0.2%	£379,608

Other Financial Items

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Net Worth	£818,375	16.7%	£701,074	40.9%	£497,659	30.9%	£380,306	0.2%	£379,608
Working Capital	£510,094	10.2%	£463,045	46.1%	£316,895	52.3%	£208,095	-22.3%	£267,760
Total Assets	£2,443,692	-13.5%	£2,825,294	55.8%	£1,813,867	46.4%	£1,238,730	-2.7%	£1,273,399
Total Liabilities	£1,625,317	-23.5%	£2,124,220	61.4%	£1,316,208	53.3%	£858,424	-4%	£893,791
Net Assets	£818,375	16.7%	£701,074	40.9%	£497,659	30.9%	£380,306	0.2%	£379,608

Cash Flow

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Net Cashflow from Operations	-	-	-	-	-	-	-	-	-
Net Cashflow before Financing	-	-	-	-	-	-	-	-	-
Net Cashflow from Financing	-	-	-	-	-	-	-	-	-
Increase in Cash	-	-	-	-	-	-	-	-	-

Miscellaneous

Date Of Accounts	31/03/14	(%)	31/03/13	(%)	31/03/12	(%)	31/03/11	(%)	31/03/10
Contingent Liability	NO	-	NO	-	NO	-	NO	-	NO
Capital Employed	£879,057	17.8%	£746,074	49.9%	£497,659	30.9%	£380,306	0.2%	£379,608
Number of Employees	-	-	-	-	-	-	-	-	-
Auditors
Auditor Comments	The company is exempt from audit
Bankers	BARCLAYS BANK PLC
Bank Branch Code

Ratios

Date Of Accounts	31/03/14	31/03/13	31/03/12	31/03/11	31/03/10
Pre-tax profit margin %	-	-	-	-	-
Current ratio	1.33	1.22	1.24	1.24	1.30
Sales/Net Working Capital	-	-	-	-	-
Gearing %	7.40	6.40	0	0	0
Equity in %	33.50	24.80	27.40	30.70	29.80
Creditor Days	-	-	-	-	-
Debtor Days	-	-	-	-	-
Liquidity/Acid Test	1.15	1.02	0.92	0.91	1.10
Return On Capital Employed %	-	-	-	-	-
Return On Total Assets Employed %	-	-	-	-	-
Current Debt Ratio	1.91	2.96	2.64	2.25	2.35
Total Debt Ratio	1.98	3.02	2.64	2.25	2.35
Stock Turnover Ratio %	-	-	-	-	-
Return on Net Assets Employed %	-	-	-	-	-

Previous Company Names

Date	Previous Name
19/02/2013	JERMYN STREET PROMOTIONS LIMITED
31/12/1981	FIMRONA LIMITED

Writ Details

No writs found

Statistics

Group	-
Linkages	0 companies
Countries	In 0 countries

Summary

Holding Company	-
Ownership Status
Ultimate Holding Company	-

Group Structure

No Group Structure

Statistics

Group	0 companies
Linkages	0 companies
Countries	In 0 countries

Mortgage Details

Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	13/06/12
Date Charge Registered:	14/06/12
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	THE TRUSTEES OF THE VOYAGER PENSION SCHEME
Amount Secured:	£35,500.00 DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE
Details:	THE SUM OF £35,500.00
Mortgage Type:	RENT DEPOSIT DEED
Date Charge Created:	10/12/01
Date Charge Registered:	13/12/01
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	PIONEER FILM AND TELEVISION PRODUCTIONS LIMITED
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER THE LEASE AND THE DEED
Details:	THE DEPOSIT FUND WICH MEANS THE BALANCECREDITED TO THE DEPOSIT ACCOUNT FROM TIME TO TIME.

Mortgage Type:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	24/07/97
Date Charge Registered:	30/07/97
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	HIGH INTEREST BUSINESS ACCOUNT NUMBER 20786209. THE CHARGE CREATES A FIXED CHARGE OVERALL THE DEPOSIT(S) REFERRED TO IN THE SCHEDULE TO THE FORM 395 (INCLUDING ALL OR ANY PART OF THE MONEY PAYABLE PURSUANTTO SUCH DEPOSIT(S) AND THE DEBTS REPRESENTED THEREBY) TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON IT ALSO CREATES AN ASSIGNMENT BY THE CHARGOR FOR THE PURPOSES OF AND TO GIVE EFFECTTO THE SECURITY OVER THE RIGHT OF THE CHARGOR TO REQUIRE REPAYMENT OF SUCH DEPOSIT(S) AND INTEREST THEREON
Mortgage Type:	DEED OF CHARGE OVER CREDIT BALANCES
Date Charge Created:	22/02/95
Date Charge Registered:	28/02/95
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED CHARGE OVER ALL THE "DEPOSIT(S)" REFERRED TO IN THE SCHEDULE TOGETHER WITH ALL INTEREST FROM TIME TO TIME ACCRUING THEREON ......... DETAILS OF CHARGED ACCOUNT(S) :- BARCLAYS BANK PLC RE JERMYNSTREET PROMOTIONS LIMITED HIGH INTERESTBUSINESS ACCOUNT NUMBER 70836664 SEE THE MORTGAGE CHARGE DOCUMENT FOR FULL DETAILS

Mortgage Type:	DEBENTURE
Date Charge Created:	09/10/90
Date Charge Registered:	17/10/90
Date Charge Satisfied:	-
Status:	OUTSTANDING
Person(s) Entitled:	BARCLAYS BANK PLC
Amount Secured:	ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE ON ANY ACCOUNT WHATSOEVER
Details:	FIXED AND FLOATING CHARGES OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS PRESENT AND FUTURE INCLUDING GOODWILL BOOKDEBTS UNCALLED CAPITAL BUILDINGS FIXTURESFIXED PLANT AND MACHINERY

Creditor Details

	Total Number	Total Value
Trade Creditors	0	-
No Creditor Data

Trade Debtors / Bad Debt Detail

	Total Number of Documented Trade	Total Value of Documented Trade
Trade Debtors	1	£1,370
Company Name		Amount	Statement Date
Starboard Key Homes Management Limited		£1,370	08/04/2014

Previous Director/Company Secretaries

Name	Current Directorships	Previous Directorships
Louisa Clark	0	2
Louisa Clark	0	2
Sara Louise Grain	1	1
Cameron Maxwell Lewis	2	14
Bryan Anthony Hartnell	0	1
Average Invoice Value	Ł1033.41
Invoices available	18
Paid	18
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	17	1	0	0	0
Outstanding	0	0	0	0	0

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.63.60
UK Pound	1	Rs.100.09
Euro	1	Rs.71.23

INFORMATION DETAILS

Analysis Done by :	RAS
Report Prepared by :	ASH

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.