MIRA INFORM REPORT
|
Report No. : |
314233 |
|
Report Date : |
27.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEWHIRST GROUP LIMITED |
|
|
|
|
Formerly Known As : |
DEWHIRST GROUP PLC |
|
|
|
|
Registered Office : |
Dewhirst House, Westgate,
Driffield, YO25 6TH |
|
|
|
|
Country : |
United Kingdom |
|
|
|
|
Financials (as on) : |
11.01.2014 |
|
|
|
|
Date of Incorporation : |
01.08.1972 |
|
|
|
|
Com. Reg. No.: |
01063766 |
|
|
|
|
Legal Form : |
Private Limited with Share
Capital |
|
|
|
|
Line of Business : |
· Activities of Head Offices · Sub-holding company for its ultimate parent undertaking, Drifford Group Limited. · Engaged in offering Menswear, Womenswear, Sportswear, Childrenswear & also operates through two specialist divisions such as DH1880 and Buzz |
|
|
|
|
No of Employees : |
Not Available [NOTE: 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 |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
Company
Summary
Company Name: DEWHIRST GROUP LIMITED
Company No: 01063766
Trading / Registered Address DEWHIRST HOUSE
WESTGATE
DRIFFIELD
YO25 6TH
Website
Address http://www.dewhirst.com
Telephone
Number 01377252561
Fax
Number 01377253814
TPS Yes
FPS Yes
Incorporation Date 01/08/1972
Previous Name DEWHIRST GROUP PLC
Type Private Limited with Share
Capital
Date of Change 11/12/2001
Filing Date of Accounts 24/09/2014
Currency GBP
Share Capital £13,254,878
SIC07 70100
SIC07 Description ACTIVITIES OF HEAD OFFICES
Principal Activity Sub-holding company for
its ultimate parent undertaking, Drifford Group Limited.
Engaged in offering Menswear, Womenswear, Sportswear, Childrenswear & also operates through two specialist divisions such as DH1880 and Buzz
Key
Financials
Year to Date Pre
Tax Profit Shareholder Funds
11/01/2014 £601,000 £47,962,000
12/01/2013 £6,612,000 £47,361,000
14/01/2012 £1,249,000 £40,749,000
Mortgage
Summary
Total Mortgage 7
Outstanding 1
Satisfied 6
Commentary
|
This company has been treated as a Small company. |
|
The latest Balance Sheet indicates a positive net working capital
position. |
|
The latest cash balances are considered to be low 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 lower level of corporate
failures. |
|
Total Current Directors |
2 |
|
Total Current Secretaries |
1 |
|
Total Previous Directors / Company
Secretaries |
15 |
Current
Directors
|
Name |
David Witt |
Date of Birth |
18/04/1953 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
17 |
Function |
Director |
|
Appointment Date |
29/06/1992 |
||
|
Address |
Dewhirst House, Westgate, Driffield, East Yorkshire, YO25 6TH |
||
|
Name |
Anthony James Mark Wood |
Date of Birth |
20/03/1960 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
14 |
Function |
Director |
|
Appointment Date |
01/02/2009 |
||
|
Address |
Dewhirst House, Westgate, Driffield, East Yorkshire, YO25 6TH |
||
Current Company Secretary
|
Name |
Christopher John Wilde |
Date of Birth |
25/12/1963 |
|
Officers Title |
Mr |
Nationality |
British |
|
Present Appointments |
13 |
Function |
Company Secretary |
|
Appointment Date |
01/02/2009 |
||
|
Address |
Dewhirst House, Westgate, Driffield, East Yorkshire, YO25 6TH |
||
Top
20 Shareholders
|
Currency |
Share Count |
Share Type |
Nominal Value |
|
|
KIRKGATE GROUP LTD |
GBP |
132,548,777 |
ORDINARY |
0.1 |
Profit
& Loss
|
Date
Of Accounts |
11/01/14 |
(%) |
12/01/13 |
(%) |
14/01/12 |
(%) |
15/01/11 |
(%) |
16/01/10 |
|
Weeks |
52 |
(%) |
52 |
(%) |
52 |
(%) |
52 |
(%) |
53 |
|
Currency |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
(%) |
GBP |
|
Consolidated
A/cs |
N |
(%) |
N |
(%) |
N |
(%) |
N |
(%) |
N |
|
Operating
Profit |
- |
- |
- |
- |
- |
- |
- |
100% |
-£2,000 |
|
Depreciation |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Audit
Fees |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Interest
Payments |
- |
- |
- |
- |
- |
- |
- |
-100% |
£72,000 |
|
Pre
Tax Profit |
£601,000 |
-90.9% |
£6,612,000 |
429.4% |
£1,249,000 |
-7.1% |
£1,344,000 |
999.9% |
-£74,000 |
|
Taxation |
- |
- |
- |
- |
- |
- |
- |
-100% |
£78,000 |
|
Profit
After Tax |
£601,000 |
-90.9% |
£6,612,000 |
429.4% |
£1,249,000 |
-7.1% |
£1,344,000 |
999.9% |
£4,000 |
|
Dividends
Payable |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Retained
Profit |
£601,000 |
-90.9% |
£6,612,000 |
429.4% |
£1,249,000 |
-7.1% |
£1,344,000 |
999.9% |
£4,000 |
Balance
Sheet
|
Date Of Accounts |
11/01/14 |
(%) |
12/01/13 |
(%) |
14/01/12 |
(%) |
15/01/11 |
(%) |
16/01/10 |
|
Tangible
Assets |
£40,397,000 |
- |
£40,397,000 |
- |
£40,397,000 |
- |
£40,397,000 |
- |
£40,397,000 |
|
Intangible
Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Fixed Assets |
£40,397,000 |
- |
£40,397,000 |
- |
£40,397,000 |
- |
£40,397,000 |
- |
£40,397,000 |
|
Stock |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Trade
Debtors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Cash |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Other
Debtors |
£38,545,000 |
1.5% |
£37,971,000 |
20.6% |
£31,492,000 |
3.1% |
£30,551,000 |
3.5% |
£29,516,000 |
|
Miscellaneous
Current Assets |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Total
Current Assets |
£38,545,000 |
1.5% |
£37,971,000 |
20.6% |
£31,492,000 |
3.1% |
£30,551,000 |
3.5% |
£29,516,000 |
|
Trade
Creditors |
0 |
- |
0 |
- |
0 |
- |
0 |
- |
0 |
|
Bank
Loans & Overdrafts |
£145,000 |
-15.7% |
£172,000 |
- |
£172,000 |
- |
£172,000 |
-31.7% |
£252,000 |
|
Other
Short Term Finance |
£30,796,000 |
- |
£30,796,000 |
-0.4% |
£30,929,000 |
-1% |
£31,237,000 |
-0.7% |
£31,466,000 |
|
Miscellaneous
Current Liabilities |
£39,000 |
- |
£39,000 |
- |
£39,000 |
- |
£39,000 |
- |
£39,000 |
|
Total
Current Liabilities |
£30,980,000 |
-0.1% |
£31,007,000 |
-0.4% |
£31,140,000 |
-1% |
£31,448,000 |
-1% |
£31,757,000 |
|
Bank
Loans & Overdrafts and LTL |
£145,000 |
-15.7% |
£172,000 |
- |
£172,000 |
- |
£172,000 |
-31.7% |
£252,000 |
Capital
& Reserves
|
Date
Of Accounts |
11/01/14 |
(%) |
12/01/13 |
(%) |
14/01/12 |
(%) |
15/01/11 |
(%) |
16/01/10 |
|
Called
Up Share Capital |
£13,255,000 |
- |
£13,255,000 |
- |
£13,255,000 |
- |
£13,255,000 |
- |
£13,255,000 |
|
P
& L Account Reserve |
£26,204,000 |
2.3% |
£25,603,000 |
34.8% |
£18,991,000 |
7% |
£17,742,000 |
8.2% |
£16,398,000 |
|
Revaluation
Reserve |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Sundry
Reserves |
£8,503,000 |
- |
£8,503,000 |
- |
£8,503,000 |
- |
£8,503,000 |
- |
£8,503,000 |
|
Shareholder
Funds |
£47,962,000 |
1.3% |
£47,361,000 |
16.2% |
£40,749,000 |
3.2% |
£39,500,000 |
3.5% |
£38,156,000 |
Other
Financial Items
|
Date
Of Accounts |
11/01/14 |
(%) |
12/01/13 |
(%) |
14/01/12 |
(%) |
15/01/11 |
(%) |
16/01/10 |
|
Net Worth |
£47,962,000 |
1.3% |
£47,361,000 |
16.2% |
£40,749,000 |
3.2% |
£39,500,000 |
3.5% |
£38,156,000 |
|
Working Capital |
£7,565,000 |
8.6% |
£6,964,000 |
999.9% |
£352,000 |
139.2% |
-£897,000 |
60% |
-£2,241,000 |
|
Total Assets |
£78,942,000 |
0.7% |
£78,368,000 |
9% |
£71,889,000 |
1.3% |
£70,948,000 |
1.5% |
£69,913,000 |
|
Total Liabilities |
£30,980,000 |
-0.1% |
£31,007,000 |
-0.4% |
£31,140,000 |
-1% |
£31,448,000 |
-1% |
£31,757,000 |
|
Net Assets |
£47,962,000 |
1.3% |
£47,361,000 |
16.2% |
£40,749,000 |
3.2% |
£39,500,000 |
3.5% |
£38,156,000 |
Miscellaneous
|
Date
Of Accounts |
11/01/14 |
(%) |
12/01/13 |
(%) |
14/01/12 |
(%) |
15/01/11 |
(%) |
16/01/10 |
|
Contingent
Liability |
YES |
- |
YES |
- |
YES |
- |
YES |
- |
YES |
|
Capital
Employed |
£47,962,000 |
1.3% |
£47,361,000 |
16.2% |
£40,749,000 |
3.2% |
£39,500,000 |
3.5% |
£38,156,000 |
|
Auditors |
PRICEWATERHOUSECOOPERS LLP |
|
Auditor Comments |
The audit report contains no adverse comments |
|
Bankers |
HSBC BANK PLC |
|
Bank Branch Code |
40-27-15 |
Ratios
|
Date Of Accounts |
11/01/14 |
12/01/13 |
14/01/12 |
15/01/11 |
16/01/10 |
|
Current ratio |
1.24 |
1.22 |
1.01 |
0.97 |
0.93 |
|
Gearing % |
0.30 |
0.40 |
0.40 |
0.40 |
0.70 |
|
Equity in % |
60.80 |
60.40 |
56.70 |
55.70 |
54.60 |
|
Liquidity/Acid Test |
1.24 |
1.22 |
1.01 |
0.97 |
0.92 |
|
Return On Capital Employed % |
1.25 |
13.96 |
3.06 |
3.40 |
-0.19 |
|
Return On Total Assets Employed % |
0.76 |
8.43 |
1.73 |
1.89 |
-0.10 |
|
Current Debt Ratio |
0.64 |
0.65 |
0.76 |
0.79 |
0.83 |
|
Total Debt Ratio |
0.64 |
0.65 |
0.76 |
0.79 |
0.83 |
|
Return on Net Assets Employed % |
1.25 |
13.96 |
3.06 |
3.40 |
-0.19 |
Event
History
|
Date |
Description |
|
01/10/2014 |
New Accounts Filed |
|
14/07/2014 |
Annual Returns |
|
17/02/2014 |
Mr K.B. Traynor has left the board |
|
05/10/2013 |
New Accounts Filed |
|
05/10/2013 |
New Accounts Filed |
|
22/07/2013 |
Annual Returns |
|
19/10/2012 |
New Accounts Filed |
|
30/07/2012 |
Annual Returns |
|
15/10/2011 |
New Accounts Filed |
|
06/08/2011 |
Annual Returns |
|
16/10/2010 |
New Accounts Filed |
|
28/07/2010 |
Annual Returns |
|
20/11/2009 |
New Accounts Filed |
|
20/11/2009 |
New Accounts Filed |
|
08/07/2009 |
Annual Returns |
Previous
Company Names
|
Date |
Previous Name |
|
11/12/2001 |
DEWHIRST GROUP PLC |
|
23/08/1989 |
I J DEWHIRST HOLDINGS PLC |
Statistics
|
Group |
14 companies |
|
Linkages |
0 companies |
|
Countries |
In 0 countries |
Summary
|
Holding Company |
KIRKGATE GROUP LIMITED |
|
Ownership Status |
Wholly Owned |
|
Ultimate Holding Company |
DRIFFORD GROUP LIMITED |
Group
structureFull
|
Company Name |
Registered Number |
Latest Key Financials |
Consol. Accounts |
Turnover |
|
|
07998509 |
11.01.2014 |
Y |
£255,613,000 |
|
|
05881128 |
11.01.2014 |
N |
|
|
|
04899213 |
11.01.2014 |
N |
|
|
|
04172045 |
11.01.2014 |
N |
|
|
|
01063766 |
11.01.2014 |
N |
|
|
|
00340548 |
11.01.2014 |
N |
|
|
|
00362223 |
11.01.2014 |
N |
|
|
|
00442224 |
11.01.2014 |
N |
£18,915,322 |
|
|
00535318 |
11.01.2014 |
N |
£195,961,000 |
|
|
00569360 |
11.01.2014 |
N |
£17,217,551 |
|
|
02386780 |
11.01.2014 |
N |
|
|
|
02561844 |
11.01.2014 |
N |
£401,813 |
|
|
03026789 |
11.01.2014 |
N |
|
|
|
00414211 |
11.01.2014 |
N |
Mortgage
Details
|
Mortgage Type: |
DEBENTURE ACCESSION DEED |
||||
|
Date Charge Created: |
01/06/12 |
||||
|
Date Charge Registered: |
09/06/12 |
||||
|
Date Charge Satisfied: |
- |
||||
|
Status: |
OUTSTANDING |
||||
|
Person(s) Entitled: |
HSBC CORPORATE TRUSTEE COMPANY (UK) LIMITED |
||||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE TO THE SECURED PARTIES (OR ANY OF THEM)
ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED INSTRUMENT
CREATING OR EVIDENCING THE CHARGE |
||||
|
Details: |
FIXED AND FLOATING CHARGE OVER THE UNDERTAKING AND ALL PROPERTY AND ASSETS
PRESENT AND FUTURE, INCLUDING GOODWILL, BOOKDEBTS, UNCALLED CAPITAL,
BUILDINGS, FIXTURES, FIXED PLANT & MACHINERY |
||||
|
Mortgage Type: |
CHARGE OVER SHARES AGREEMENT |
||||
|
Date Charge Created: |
01/10/09 |
||||
|
Date Charge Registered: |
03/07/13 |
||||
|
Date Charge Satisfied: |
- |
||||
|
Status: |
SATISFIED |
||||
|
Person(s) Entitled: |
HSBC BANK PLC; |
||||
|
Amount Secured: |
|||||
|
Details: |
ALL THE CHARGED SHARES MEANING ALL OR ANY OF THE SHARES HELD BY THE CHARGOR
IN DEWHIRST MALAYSIA TOGETHER WITH ALL INCOME DIVIDENDS INTEREST MONEYS AND
PROPERTY |
||||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
21/12/06 |
||
|
Date Charge Registered: |
03/07/13 |
||
|
Date Charge Satisfied: |
- |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC BANK PLC (THE SECURITY AGENT); |
||
|
Amount Secured: |
|||
|
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 |
||
|
Mortgage Type: |
DEBENTURE |
||
|
Date Charge Created: |
19/12/03 |
||
|
Date Charge Registered: |
24/12/03 |
||
|
Date Charge Satisfied: |
16/01/07 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC BANK PLC AS SECURITY AGENT FOR AND ON BEHALF OF ITSELF AND THE
BENEFICIARIES (THE SECURITY |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND EACH OTHER
CHARGOR TO THE SECURITY AGENT, THE BENEFICIARIES, OR ANY BENEFICIARY OR ANY
OF THEM ON ANY ACCOUNT WHATSOEVER UNDER THE TERMS OF THE AFOREMENTIONED
INSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
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 |
||
|
Mortgage Type: |
MALAYSIAN LAW GOVERNED SHARE PLEDGE |
||
|
Date Charge Created: |
30/01/02 |
||
|
Date Charge Registered: |
07/02/02 |
||
|
Date Charge Satisfied: |
06/01/04 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC INVESTMENT BANK PLC AS SECURITY AGENT FOR AND ON BEHALF OF ITSELF
ANDTHE BENEFICIARIES |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY OR ANY ADDITIONAL
BORROWER TO THE CHARGEE UNDER THETERMS OF THE AFOREMENTIONED INSTRUMENT CREATING
OR EVIDENCING THE CHARGE |
||
|
Details: |
THE SECURITIES AND ALL STOCK SHARES (AND THE DIVIDENDS AND/OR INTEREST
THEREON)RIGHTS LOAN STOCK MONIES OR PROPERTY ACCRUING OR OFFERED AT ANY TIME
BY WAY OF REDEMPTION BONUS PREFERENCE OPTION OR OTHERWISE TO OR IN RESPECT OF
ANY OF THE SECURITIES CHARGED BY THE SHARE PLEDGE |
||
|
Mortgage Type: |
MALAYSIAN LAW GOVERNED SHARE PLEDGE |
||
|
Date Charge Created: |
21/12/01 |
||
|
Date Charge Registered: |
11/01/02 |
||
|
Date Charge Satisfied: |
06/01/04 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC INVESTMENT BANK PLC AS SECURITY AGENT FOR AND ON BEHALF OF ITSELF
ANDTHE BENEFICIARIES |
||
|
Amount Secured: |
ALL MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE CHARGEE UNDER
THE TERMSOF THE AFOREMENTIONEDINSTRUMENT CREATING OR EVIDENCING THE CHARGE |
||
|
Details: |
THE SECURITIES AND ALL DIVIDENDS AND/ORINTEREST PAID OR PAYABLE AFTER
THE DATEHEREOF ON THE SECURITIES AND ALL STOCK SHARES RIGHTS LOAN STOCK MONIES
OR PROPERTY ACCRUING OR OFFERED AT ANY TIME. |
||
|
Mortgage Type: |
DEBENTURE ACCESSION DEED TO A DEBENTUREDATED 19 JULY 2001 |
||
|
Date Charge Created: |
18/12/01 |
||
|
Date Charge Registered: |
31/12/01 |
||
|
Date Charge Satisfied: |
06/01/04 |
||
|
Status: |
SATISFIED |
||
|
Person(s) Entitled: |
HSBC INVESTMENT BANK PLC AS SECURITY AGENT FOR AND ON BEHALF OF ITSELF
ANDTHE BENEFICIARIES (TH |
||
|
Amount Secured: |
ALL PRESENT AND FUTURE OBLIGATIONS AND LIABILITIES OF EACH THE COMPANY
AND ANY CHARGOR TO THE SECURITY AGENT, THE BENEFICIARIES, OR ANY BENEFICIARY
OR ANY OF THEM UNDER OR IN CONNECTION WITH THE FINANCE DOCUMENTS, OR ANY OF
THEM OR ON ANY OTHER ACCOUNT WHATSOEVER. (ALL TERMS AS DEFINED) |
||
|
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 |
||
Previous
Director
/Company
Secretaries
|
Name |
Current
Directorships |
Previous
Directorships |
|
Barry John Albon |
0 |
3 |
|
David Gordon Perry |
0 |
16 |
|
Scott Stanford Beattie |
7 |
33 |
|
Scott Stanford Beattie |
7 |
33 |
|
David Michael Williams |
19 |
141 |
|
Ian Roberts Dewhirst |
9 |
11 |
|
Henry Anthony Vice |
0 |
12 |
|
James Alistair Reed Dewhirst |
0 |
13 |
|
Timothy Charles Dewhirst |
6 |
17 |
|
Michael Fielding Terry |
0 |
3 |
|
David Anthony Stonier |
0 |
2 |
|
Brian Stacey Farrow |
0 |
3 |
|
John Francis Haley |
0 |
4 |
|
Timothy Robin Wilson Horsell |
3 |
3 |
|
Kieron Bartholemew Traynor |
2 |
13 |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
UK Pound |
1 |
Rs.93.26 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.